Document:

Agreement of Lease

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 AGREEMENT OF LEASE 

MULTI-TENANT BUILDING 
 THIS AGREEMENT OF LEASE, by and between 290 National Road Limited Partnership organized and existing under the laws of Pennsylvania (herein called Landlord) and Faro Technologies Inc. organized and
existing under the laws of Florida (herein called Tenant). 
 WITNESSETH: 

1. Premises. As used herein the term Building shall mean the Building containing approximately 90,364 rentable square feet
on a tract of land (herein called the Lot) located at 290 National Road, West Whiteland Township, PA (the Building, the Lot and any other improvements thereon being herein collectively called the Property). Landlord does hereby demise and lease unto
Tenant and Tenant does hereby lease and take from Landlord for the term and upon the terms, covenants, conditions and provisions set forth herein all that certain portion of the Building located on the west end of the Building containing 68,240
square feet, with Tenant’s Proportionate Share equal to 75.55% of the Building and as shown outlined in red on Exhibit A (herein called “Floor Plan Outline”) hereto which shall be completed in accordance with Article 2 hereof (herein
called the Premises) together with the right, in common with other occupants of the Building, to use all driveways, sidewalks, and parking areas in common on the Lot. The common areas of the Lot are depicted on Exhibit A-1 attached hereto and shall
not be re-configured or altered by Landlord without the prior written consent of Tenant. During the Term (defined below), Landlord shall make available to Tenant, its employees, customers and visitors a number of automobile parking spaces (on an
unassigned, non-exclusive basis) in the parking areas of the Property based on a formula of two (2) parking space for each one thousand (1,000) square feet of area contained in the Premises rounded to the nearest whole number of spaces.
Such parking shall be at no additional cost to Tenant. Within thirty (30) calendar days after substantial completion of the Premises, either party may have the Premises and Building measured by an architect using accepted BOMA Standards, based
on the Industrial Standard Method A, Exterior Wall method which generally provides for measurement to the outside of exterior walls to calculate areas. The architect is subject to the other party’s prior approval. The square footage so
certified by such architect shall conclusively determine the square footage of the Building and the Premises for all purposes under this Lease, including, without limitation, calculation of minimum annual rent. If the Building square footage and the
Premises square footage differ from the amounts set forth above, the minimum annual rent shall be adjusted on the basis of the square footage of the Building and the Premises so certified by such architect, using a rental rate of $8.45 per square
foot. In addition, Tenant’s Proportionate Share shall be adjusted as necessary. If neither party elects to have the Demised Premises and Building measured in accordance with this Section 1, then neither minimum annual rent nor
Tenant’s Proportionate Share shall be adjusted. 
 2. Completion by Landlord. The Premises shall be completed by
Landlord in accordance with the plans attached hereto as Exhibit B (herein called the Plans) and the specifications attached hereto as Exhibit C (herein called the Specifications) and to the extent required by the work letter attached hereto as
Exhibit “D”; the cost of which shall be reimbursed to Landlord by Tenant in accordance with the terms of Exhibit “D”. All necessary construction shall be commenced promptly and shall be Substantially Completed (as defined below)
ready for use and occupancy by Tenant on the date set forth in Article 3. Provided, however, that the time for Substantial Completion of the Premises shall be extended for additional periods of time equal to the time lost by Landlord or
Landlord’s contractors, subcontractors or suppliers which are not within the reasonable control of such parties and which are due to strikes or other labor troubles, governmental restrictions and limitations, scarcity, unavailability or delays
in obtaining fuel, labor or materials, war or other national emergency, accidents, floods, defective materials, fire damage or other casualties, adverse weather conditions, or any cause similar or dissimilar to the foregoing beyond the reasonable
control of Landlord or Landlord’s contractors, subcontractors or suppliers (any of the foregoing being referred to herein as “Force Majeure Delay”). All construction shall be done in a good and

  
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workmanlike manner and shall comply at the time of completion with all applicable and lawful laws, ordinances, regulations and orders of the federal, state, county or other governmental
authorities and private agreements affecting the Premises (collectively, “Governmental Requirements”) having jurisdiction thereof. Landlord hereby warrants and guarantees the Premises against defective workmanship and materials for the one
(1) year period following completion of the Premises (including punchlist items), including specifically, without limitation, that (i) the materials and equipment furnished by Landlord’s contractors in the completion of the Premises
will be of good quality and new, (ii) the Premises will be constructed in accordance with the final Specifications (as adjusted by approved change orders) in a good and workmanlike manner, (iii) such materials and equipment and the work of
such contractors shall be first quality new materials, free from defects not inherent in the quality required or permitted hereunder; and (iv) the Premises shall be delivered to Tenant free of all mechanics’ and materialmen’s liens
and encumbrances and in compliance with all legal requirements. Landlord shall also pass through to Tenant all materialman and equipment warranties for the Premises received by Landlord. Tenant and its authorized agents, employees and contractors
shall have the right, at Tenant’s own risk, expense and responsibility, at all reasonable times prior to the Commencement Date as hereinafter defined, to enter the Premises for the purpose of taking measurements and installing its furnishings
and equipment; provided that Tenant, in so doing, shall not interfere with or delay the work to be performed hereunder by Landlord, and Tenant shall use contractors and workmen compatible with the contractors and workmen engaged in the work to be
performed hereunder by Landlord, and Tenant shall have obtained Landlord’s written consent, not to be unreasonably withheld, conditioned or delayed prior to installing any furnishings or equipment. Prior to the commencement of any work, Tenant
shall furnish to Landlord the certificates of insurance and shall comply with all requirements set forth in the Tenant Construction Insurance Requirements attached as Exhibit E. 

3. Term. (a) The term of this -Lease shall commence on the latter of July 15th, 2014 or on the date when the
Premises and the improvements required to be constructed by Landlord under Article 2 hereof have been Substantially Completed (herein called the “Commencement Date”). For purposes of this Paragraph 3, “Substantially Completed”
shall mean the first date of the calendar month following all of the following events: (a) the improvements required to be constructed by Landlord under Article 2 have been substantially completed in accordance with Exhibits B and C , except
for minor finish and punch-list work that will not prevent the Tenant’s use and occupancy of the Premises, and (b) a certificate of occupancy has been issued for the Premises by the Township of West Whiteland . If the date of Substantial
Completion is delayed as a result of changes requested by Tenant after approval of the Plans and Specifications, the term of the Lease shall commence on the date that Substantial Completion would have occurred if not for such changes, as extended
for reasons other than those caused by Tenant. Unless sooner terminated or extended in accordance with the terms hereof, the term of this Lease shall end without the necessity for notice from either party to the other at 12:01 a.m. local time on the
tenth (10th) anniversary of the first date of the first full calendar month following the date of Substantial Completions (herein called the “Expiration Date”). The parties shall promptly execute a Term Commencement Agreement to
memorialize the Commencement Date in the form attached hereto as Exhibit F. 
 (b) Early Occupancy. Tenant and its
authorized agents, employees and contractors shall, at all reasonable times on or after the date which is thirty (30) days prior to the Commencement Date, have the right, at Tenant’s own risk, expense and responsibility, to occupy the
Premises for the performance of Tenant’s Work, provided that in so doing Tenant shall not interfere with or delay any work to be performed by Landlord regarding construction of the Building shell. Landlord agrees to reasonably cooperate with
Tenant to allow for the performance of Tenant’s Work. If Tenant occupies the Premises for the performance of Tenant’s Improvement Work prior to the Commencement Date, Tenant shall abide by the terms and conditions of this Lease including
payment of Impositions, insurance premiums and the cost of repairs and maintenance, or any sums designated herein as additional rent, as if the term of this Lease had already commenced, except that Tenant shall have no obligation to pay the minimum
annual rent until the Commencement Date. 

  
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 (b) Renewal Term. 

(i) Tenant shall have the option (the “Renewal Option”) to renew this Lease for three (3) additional terms of five
(5) years each (each a “Renewal Term”). The Renewal Option shall be exercised by giving Landlord written notice (the “Option Notice”) at least two hundred seventy (270) days prior to the end of the original term of this
Lease or the then current Renewal Term. The Renewal Term shall be on the same terms and conditions as set forth in this Lease, except those regarding the payment of minimum annual rent for the Renewal Term which shall be ninety-five percent
(95%) of the then fair market rent payable for similar industrial space in the Exton, PA area (“Fair Market Rent”) in its shell condition (Fair Market Rent shall not take into account any increase in the rental value of the Premises
associated with any improvements to the space beyond the shell). However, in no event shall the minimum annual rent for the first lease year of a Renewal Term be less than One Hundred three percent (103%) of the minimum annual rent payable for
the last lease year of the original term or the last year of the applicable prior Renewal Term. Based upon the first lease year’s rent of each Renewal Term, the minimum annual rent for each remaining lease year of each Renewal Term shall
increase by three percent (3%) each year commencing on the anniversary of the prior lease year. In the event Tenant exercises the Renewal Option, “Term” shall be defined to include such extension. In the event Tenant shall desire to
enter into a lease for the Premises beyond the Renewal Terms, Landlord and Tenant mutually reserve the right to renegotiate the terms and conditions of such lease. 
 (ii) Determination of Fair Market Rent. 
 (1) In the event Tenant
elects to exercise a Renewal Option, then during the period (the “Analysis Period”) beginning on the date of exercise and ending thirty (30) days thereafter, the parties shall, in good faith, attempt to determine and agree upon the
Fair Market Rent. 
 (2) In the event that Landlord and Tenant are unable, within the Analysis Period, to agree upon the
Fair Market Rent, the Fair Market Rent shall be determined by the following appraisal mechanism: During the first two weeks following the Analysis Period, Landlord and Tenant shall attempt to agree upon a single appraiser who shall be MAI certified
and have a minimum of five (5) years experience in the greater Exton area in real estate leasing or appraisal of leases in similar industrial buildings in the greater Exton area and who has not conducted within the previous three years, does
not presently conduct, and does not anticipate conducting, a material amount of business with either Landlord or Tenant or their Affiliates or lenders, or otherwise has a financial interest in or with either Landlord or Tenant or their Affiliates
and who is otherwise independent (the “Appraiser Qualifications”). If Tenant and Landlord are unable to agree upon a single appraiser within said two week period, then Landlord and Tenant shall draw by lot to determine which of them (the
“First Party”) within the following seven (7) days shall provide the other party (the “Second Party”) with the names and qualifications of three (3) appraisers who are acceptable to the First Party and who meet the
Appraiser Qualifications. Such list shall be accompanied by a statement of all business conducted by each such proposed appraiser with the First Party within the previous three years. The Second Party within fifteen (15) days thereafter shall
select one of the three (3) appraisers and shall notify the First Party in writing of its selection. The appraiser so selected shall be the appraiser hereunder. The parties shall share equally in the cost of the appraiser. 

(3) Within fifteen (15) days following the selection of the appraiser, Landlord and Tenant shall each notify the other (but
not the appraiser) of their determination of the Fair Market Rent. During the next seven (7) days, both Landlord and Tenant shall prepare a written critique of the other’s determinations and on the seventh day Landlord and Tenant shall
deliver to each other their written critiques. On the tenth (10th) day following delivery of the critiques to each other, Landlord’s and Tenant’s determinations (as originally submitted to the other party, with no modifications or
additions whatsoever permitted) and Landlord’s and Tenant’s critique shall be submitted to the appraiser. On and not before the fifteenth (15th) day thereafter, the appraiser shall determine the Fair Market Rent. Absent manifest
error, the appraiser’s decision shall be final, conclusive and binding on Landlord and Tenant. 

  
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 4. Use of Premises. Tenant shall have the right to use the Premises for
manufacturing, testing, assembling and selling of all lawful products, including, without limitation, measuring and testing equipment and general office space (the “Permitted Use”). Landlord hereby agrees that the Permitted Use and the
improvements contemplated to be constructed are allowed by all Governmental Requirements. 
 5. Minimum Annual Rent.

 (a) Minimum Annual Rent. Tenant shall pay a minimum annual rent of Five Hundred Seventy Six Thousand Six Hundred
Twenty Eight dollars ($576,628.00), or $8.45 per square foot of Premises, without notice or demand, and without setoff, in equal monthly installments of Forty Eight Thousand Fifty Two dollars ($48,052.33) in advance, on the first day of each
calendar month during the Term of this Lease. Provided, however, that rent for the first full month shall be paid upon the signing of this Lease. If the Commencement Date shall fall on a day other than the first day of a calendar month, the rent
shall be apportioned pro rata on a per diem basis for the period between the Commencement Date and the first day of the following calendar month and such apportioned sum shall be paid on such Commencement Date. In addition, Tenant shall pay Landlord
without setoff the additional rent as hereinafter set forth. Unless otherwise specifically provided, all sums shall be paid to Landlord by electronic funds transfer at the Financial Institution of Landlord’s choice which shall be identified to
Tenant by Landlord prior to the Commencement Date. Tenant shall be entitled to rely on written direction from Gregory M. Walters or Charles Lyddane as Landlord’s agent, with respect to such election by Landlord. 

(b) Adjustment. The minimum annual rent shall be adjusted at the end of the second lease year and at the end of each succeeding
lease year, effective the first day of the next succeeding lease year. The adjustment shall be calculated as follows: 
 (i)
The increase shall be 3% per lease year, for the balance the original term of the Lease as specified in Exhibit F-1 of this Lease. 
 (ii) In addition, the increase during a Renewal Term shall be a minimum of 3% per lease year. 
 6. Taxes and Other Impositions.: 
 (a) Payment. As additional rent
hereunder, Tenant shall pay a its Proportionate Share throughout the Term of this Lease all levies, taxes, assessments and all other charges, imposts or burdens, general or special, foreseen or unforeseen, whether or not particularized by name,
ordinary or extraordinary, which are applicable to the term of this Lease, and which are created, levied, assessed, confirmed, adjudged, imposed or charged by any federal, state or municipal government or public authority, or under any law,
ordinance or regulation thereof, or pursuant to any recorded covenants or agreements (all of which are hereinafter referred to as “Impositions”) upon or with respect to the Premises or directly upon this Lease or the rent payable hereunder
or amounts payable by any subtenants or other occupants of the Premises, or upon this transaction or any related documents to which Tenant is a party or successor in interest, or against Landlord because of Landlord’s estate or interest herein.
Additionally, Tenant shall pay as aforesaid a proportionate share as defined in Paragraph 33(h) of any Imposition which is not imposed upon the Premises as a separate entity but which is imposed upon the Lot, the Building or the Property or upon the
appurtenances, leases, rents, transactions or documents relating to the Lot, the Building or the Property. Tenant shall pay its proportionate share of all impositions as an Operating Expense in accordance with the provisions of Article 10 of this
Lease. In the event an Imposition is imposed directly on the Premises, Tenant shall be responsible to pay the full amount thereof which shall be billed to Tenant in the same manner as provided in Article 13. 

  
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 (b) New Methods of Taxation. Nothing herein contained shall be interpreted as
requiring Tenant to pay any income, excess profits, transfer, sales, revenue, corporate capital stock, franchise or margin tax imposed or assessed upon Landlord; Landlord shall timely pay all such taxes without reimbursement by Tenant. In addition,
Tenant shall not be required to pay any increase in taxes due to a reassessment performed as a result of the sale or transfer of the Property during the initial Term of this Lease. Taxes payable by Tenant shall be calculated solely on any normal and
ordinary increases in assessment valuation for the Property. 
 (c) Monthly Deposits. Notwithstanding the foregoing
provisions of this Article 6, Tenant shall pay to Landlord (or to any mortgagee as directed by Landlord), at the time when the monthly installment of minimum rent is payable, an amount equal to one-twelfth (1/12th) of the annual Impositions as
reasonably estimated by Landlord. Tenant also shall pay to Landlord or to such mortgagee, as the case may be, at least thirty (30) days before any fine, penalty, interest or cost may be added thereto for the non-payment thereof, the amount by
which the Impositions becoming due exceed the monthly payments on account thereof previously made by Tenant. The amounts paid by Tenant pursuant to this Paragraph (c) shall be used to pay the Impositions, but such amounts shall not be deemed to
be trust funds and no interest shall be payable thereon. Within one hundred twenty (120) days after the end of each calendar year, Landlord shall submit to Tenant a statement of the actual amount of Impositions for such calendar year, and the
actual amount owed by Tenant, and within thirty (30) days after receipt of such statement, Tenant shall pay any deficiency between the actual amount owed and the estimates paid during such calendar year, or in the event of overpayment, Landlord
shall credit the amount of such overpayment toward the next installment of rent owed by Tenant or remit such overpayment to Tenant within thirty (30) days if the Term has expired or has been terminated. The obligations in the immediately
preceding sentence shall survive the expiration or any earlier termination of this Lease. If the Commencement Date shall fall on other than the first day of the calendar year, and/or if the Expiration Date shall fall on other than the last day of
the calendar year, Tenant’s proportionate share of the Impositions for such calendar year shall be apportioned prorata. Landlord may correct any statement of expense for twelve (12) months after it is initially issued (but not later).

 (d) Contest by Landlord. Landlord may bring proceedings to contest the validity or amount of any Imposition or to
recover payments therefore. Tenant shall reasonably cooperate with Landlord (at not cost to Tenant) with respect to such proceedings to the extent reasonably necessary. Landlord shall provide copies of bills for contested Impositions promptly upon
Landlord’s receipt of the same. If Landlord does not elect to contest Impositions for a particular period during the Term, Tenant may request that Landlord contest such Impositions by written notice to Landlord given, if at all, within sixty
(60) days following Tenant’s receipt of the statement delivered by Landlord to Tenant. Landlord may then elect either to contest such taxes or to allow Tenant to so contest such taxes subject to Landlord’s reasonable approval of the
firm or individual hired to conduct such contest. In either case, Tenant shall be responsible for all costs of contesting such taxes. Any resulting savings over and above the cost of such contest shall be distributed on a pro rata basis between
Landlord, Tenant and the other tenants of the Building that contributed toward payment of the applicable tax bill. 
 7.
Insurance. 
 (a) Insurance. Landlord shall maintain and keep in effect throughout the term of this Lease insurance
(100% replacement value) against loss or damage to the Building or the Property by fire and such other casualties as may be included within either fire and extended coverage insurance or all-risk insurance, boiler insurance, plate glass insurance,
war risk insurance (when available) and such other insurance as Landlord may desire or as may reasonably be required from time to time by any mortgagee or as may be required generally by mortgage lending institutions. Tenant shall pay its
proportionate share of the insurance premiums for the insurance coverages to be maintained by the Landlord pursuant to this Paragraph (a) as an Operating Expense in accordance with Article 10. 

  
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 (b) Liability. Tenant, at Tenant’s sole cost and expense, shall maintain and
keep in effect throughout the Term insurance against liability for bodily injury (including death) or property damage in or about the Premises under a policy of comprehensive general liability insurance, with such limits as to each as may be
reasonably required by Landlord from time to time, but not less than $1,000,000 Per Occurrence and $2,000,000 Aggregate and an Umbrella Policy with a limit of $1,000,000. The policies of comprehensive general liability and Umbrella
insurance shall name Landlord and Tenant as Additional Insured. Each such policy shall provide that it shall not be cancelable without at least thirty (30) days prior written notice to Landlord and to any mortgagee named in an endorsement
thereto and shall be issued by an insurer and in a form satisfactory to Landlord. At least twenty (20) business days prior to the Commencement Date, a certificate of insurance shall be delivered to Landlord. If Tenant shall fail,
refuse or neglect to obtain or to maintain any insurance that it is required to provide or to furnish Landlord with satisfactory evidence of coverage on any such policy, and such failure continues for ten (10) days following written notice of
such failure by Landlord to Tenant, Landlord shall have the right to purchase such insurance. All such payments made by Landlord shall be recoverable by Landlord from Tenant, together with interest thereon, as additional rent promptly upon being
billed therefor. 
 (c) Waiver of Subrogation. Each of the parties hereto hereby releases the other, to the extent of the
releasing party’s insurance coverage, from any and all liability for any loss or damage covered by such insurance which may be inflicted upon the property of such party even if such loss or damage shall be brought about by the fault or
negligence of the other party, its agents or employees; provided, however, that this release shall be effective only with respect to loss or damage occurring during such time as the appropriate policy of insurance shall contain a clause to the
effect that this release shall not affect said policy or the right of the insured to recover thereunder. If any policy does not permit such a waiver, and if the party to benefit therefrom requests that such a waiver be obtained, the other party
agrees to obtain an endorsement to its insurance policies permitting such waiver of subrogation if it is available. If an additional premium is charged for such waiver, the party benefiting therefrom agrees to pay the reasonable amount of such
additional premium promptly upon being billed therefor. 
 (d) Increase of Premiums. Tenant will not do anything or fail
to do anything which will cause the cost of Landlord’s insurance to increase or which will prevent Landlord from procuring policies (including but not limited to public liability) from companies and in a form satisfactory to Landlord. If any
breach of this Paragraph (d) by Tenant shall cause the rate of fire or other insurance to be increased, Tenant shall pay the reasonable amount of such increase as additional rent promptly upon being billed therefore but only after Landlord has
first provided documented evidence that Tenant has, in fact, directly cause any such increase. In addition, in the event the nature of Tenant’s business shall cause Landlord’s insurance to increase, Tenant shall pay the amount of such
increase as additional rent promptly upon being billed therefore but only after Landlord has first provided written evidence that Tenant has, in fact, directly cause any such increase. Landlord hereby represents to Tenant that the Permitted Use will
not cause the cost of Landlord’s insurance to increase or prevent Landlord from procuring policies. 
 8. Repairs and
Maintenance. 
 (a) Except as specifically otherwise provided in Paragraphs (b) and (c) of this Article,
Tenant, at its sole cost and expense and throughout the Term of this Lease, shall keep and maintain the Premises in good order and condition, free of accumulation of dirt and rubbish, and shall promptly make all repairs necessary to keep and
maintain such good order and condition, whether such repairs are interior or exterior, ordinary or extraordinary, foreseen or unforeseen. Tenant shall not use or permit the use of any portion of the Property for outdoor storage. When used in this
Article 8, the term repairs shall include replacements and renewals when necessary. All repairs made by Tenant shall 

  
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utilize materials and equipment which are at least equal in quality and usefulness to those originally used in constructing the Building and the Premises. Tenant shall maintain all systems in the
Premises. Tenant shall pay all costs of maintenance of all systems in the Premises. Notwithstanding the other provisions of this Lease, Tenant shall not be required to make any capital repairs or capital replacements during the final two
(2) years of the Lease. 
 (b) Landlord, throughout the Term of this Lease shall, at its sole cost and expense
(without pass-through to Tenant) make all necessary repairs to the roof, floor slab, footings and foundations and the structural steel columns and girders forming a part of the Premises, provided, however, that Landlord shall have no responsibility
to make any repair unless and until Landlord receives written notice of the need for such repair. Tenant shall not be required to pay for the cost of all repairs to be performed by Landlord pursuant to this Paragraph (b) as an Operating Expense
in accordance with Article 10 or otherwise unless such repair is made necessary because of Tenant’s wrongful or negligent acts or omissions or acts and omissions not intended in the design and engineering of the Building. 

(c) Landlord, throughout the Term of this Lease, shall make all necessary repairs to the walls, exterior portions of the Premises
and the Building, utility lines, plumbing lines, waste lines, fire protection systems, water lines and all equipment and other utility facilities in the Building (exclusive of any of the foregoing which is within the Premises and located above the
floor slab), and to any driveways, sidewalks, curbs, loading, parking and landscaped areas, and all other exterior improvements and common areas on the Property which serve all of the tenants of the Building (herein collectively the common areas);
provided, however, that Landlord shall have no responsibility to make any repairs unless and until Landlord receives written notice of the need for such repair. Tenant shall pay its proportionate share of the cost of all repairs to be performed by
the Landlord pursuant to this Paragraph (c) as an Operating Expense in accordance with Article 10. 
 (d) Landlord
shall keep and maintain all common areas of the Property and any sidewalks, parking areas, curbs and access ways adjoining the Property in a clean and orderly condition, free of accumulation of dirt, rubbish, snow and ice, and shall keep and
maintain all landscaped areas in a neat and orderly condition. Tenant shall pay its proportionate share of the cost of all work to be performed by Landlord pursuant to this Paragraph (d) as an Operating Expense in accordance with Article 10.

 (e) Notwithstanding anything herein to the contrary, repairs to the Premises and the Property made necessary by
Tenant’s specific use, manner of use or occupancy of the Property or by Tenant’s installations in or upon the Property, or by any act or omission of Tenant or any employee, agent, contractor, or invitee of Tenant shall be made at the sole
cost and expense of Tenant. Tenant shall not bear the expense of any repairs to the Premises or the Property arising out of or caused by any other tenant’s use, manner of use or occupancy of the Property or by any other tenant’s
installations in or upon the Property, or by any act or omission of any other tenant or any other tenant’s employees, agents, contractors or invitees. 
 (f) Tenant, at Tenant’s cost, shall furnish janitorial services to the Premises during the Term of this Lease. Landlord shall furnish janitorial service to the common areas of the Property, if any.
Tenant shall pay its proportionate share of the cost of such janitorial services to be furnished by Landlord pursuant to this Paragraph (f) as an Operating Expense in accordance with Article 10. 

(g) The time for Landlord’s performance of any of its obligations under this Lease shall be extended for additional periods of time
equal to the time lost by Landlord or Landlord’s agents, contractors, subcontractors or suppliers due to strikes or other labor troubles, governmental restrictions and limitations, scarcity, unavailability or delays in obtaining fuel, labor or
materials, war or other national emergency, accidents, floods, defective materials, fire damage or other casualties, adverse weather conditions, or any cause similar or dissimilar to the foregoing beyond the reasonable control of Landlord or
Landlord’s agents, contractors, subcontractors or suppliers. 

  
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 9. Operating Expenses. Tenant agrees to reimburse Landlord throughout the term of
this Lease, as additional rent for Tenant’s Proportionate Share of the actual costs and expenses paid or incurred in connection with the management, operation, maintenance and repair of the Property (herein called “Operating
Expenses”), including: 
 (a) the reasonable cost of heating, ventilation, air conditioning, steam, electricity, gas,
water, sewer service, mechanical, and other systems and all other utilities and the cost of supplies and equipment and maintenance and service contracts in connection therewith to the extent such systems and utilities are shared among tenants or
maintained for the common benefit of the tenants of the Building ( it is acknowledged that the Premises contains substantially independent or sub-metered utility systems); 
 (b) the reasonable cost of repairs, replacements and maintenance and cleaning common areas of the Property including, without limitation, the cost of janitorial and other service agreements and trash
removal and repairs and maintenance to the extent performed by Landlord pursuant to Paragraphs 8 (b) (c) and (d); 

(c) reasonable wages, salaries, payroll taxes and other labor costs and employee benefits of all on-site employees, and all off-site
employees to the extent engaged in the specific operation, management, maintenance and repair of the Property, including, taxes, reasonable insurance, retirement, and medical benefits; 

(d) reasonable fees, charges and other costs, including, market-based property management fees, consulting fees, attorneys’ fees and
accounting fees of all contractors engaged by Landlord specifically in connection with the Property, and all such fees, charges or other costs charged by Landlord if Landlord performs management services in connection with the Property provided
Landlord provides written evidence that such fees, charges and costs are reasonable and market-based; 
 (e) the cost of any
capital improvements made to the Property after the date of this Lease intended to decrease Operating Expenses (but only to the extect of the actual decrease) (amortized over such reasonable period as determined by Generally Accepted Accounting
Principles (GAAP) , together with interest on the unamortized balance(s) at the rate of five percent (5%) per annum as are actually be payable by Landlord on funds borrowed for the purpose of constructing and completing such capital
improvements); 
 (f) the cost of any capital improvements made to the Property after the date of this Lease that are required
under any governmental law or regulation that was not applicable to the Property at the date of this Lease (amortized over such reasonable period as determined by Generally Accepted Accounting Principles (GAAP)) (except to the extent specifically
required due to the use of a portion of the Property by Landlord or another tenant, and not required due to the use of the Premises by Tenant), together with interest on the unamortized balance(s) at the rate of five percent (5%) per annum as
are actually payable by Landlord on funds borrowed for the purpose of constructing and completing such capital improvements; 

(g) the reasonable cost of supplies, materials, equipment and tools used in the management, operation, maintenance and repair of the
Property, including, without limitation, any rental fees; 
 (h) all costs and fees for licenses, inspections or permits that
Landlord may be required to obtain in connection with repairs the cost of which are permissible operating expense pass-throughs; 
 (i) reasonable costs of exterior and interior landscaping; 
 (j) intentionally
omitted. 

  
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 (k) reasonable fees, costs and disbursements incurred in connection with proceedings to
contest, determine, or reduce Operating Expenses or real estate taxes and to the extent said expenses actually reduce Operating Expenses; 
 (l) all levies, taxes, assessments, and all other charges, imposts or burdens of whatsoever kind and nature, general or special, foreseen or unforeseen, whether or not particularized by name, ordinary or
extraordinary, which are applicable to the term of this Lease, and which are created, levied, assessed, confirmed, adjudged, imposed or charged by any federal, state or municipal government or public authority, or under any law, ordinance or
regulation thereof, or pursuant to any recorded covenants or agreements imposed upon the Property or upon the appurtenances, leases, rents, transactions or documents relating to the Property; and 

(m) reasonable premiums for insurance against loss or damage to the Building or the Property by fire and such other casualties as
may be included within either fire and extended coverage insurance or all-risk insurance, boiler insurance, plate glass insurance, war risk insurance (when available) and such other insurance as Landlord may desire or as may reasonably be required
from time to time by any mortgagee or as may be required generally by mortgage lending institutions in accordance with Paragraph 7(a). 
 “Operating Expenses” shall not include the following (the “Operating Expense Exclusions”): 
 (aa) leasing and broker commissions, accountants’ or attorneys’ fees, costs and disbursements and other expenses incurred in connection with proposals, negotiations, or disputes with tenants or
other occupants or prospective tenants or other occupants, or associated with the enforcement of any leases or the defense of Landlord’s title to or interest in the Building, Lot or any part thereof; 

(bb) any costs incurred in renovating or otherwise improving or decorating, painting or redecorating space for tenants or other occupants
or any vacant space in the Building except Common Areas (to the extent the Common Areas benefit all of the tenants in the Building); 
 (cc) (any costs incurred due to a violation by Landlord or any tenant of the terms and conditions of any lease in the Building, and interest and penalties on uncured violations of any law, statute, rule
or regulation applicable to the Building or any covenant, condition or restriction applicable to the Building; 
 (dd) capital
improvement costs, interest on debt or amortization payments on any mortgages or deeds of trust or any other borrowings of Landlord (except as specifically allowed by by Section 9(e) or 9(f) of this Lease); 

(ee) capital expenditures, and any other expense that under generally accepted accounting principles and practices would not be
considered a maintenance or operating expense; 
 (ff) salaries, benefits or other compensation paid to leasing agents,
promotional directors, officers, directors and executives of Landlord above the rank of building manager, or not specifically and actively involved in the day-to-day operations or management of the Building; 

(gg) all contributions to any organizations, whether political or charitable; 

(hh) any interest or penalties for late payments; any costs reimbursed by insurance unless disputed by third parties; 

(ii) ground lease rental; 

  
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 (jj) the cost of remediating environmental contamination not caused by Tenant; and
maintenance and repairs for which other tenants are responsible under their respective leases; 
 (kk) Fees paid to affiliates of
Landlord to the extent that such fees exceed the customary amount charged for the services provided; 
 (ll) Intentionally
omitted. 
 (mm) Costs or providing janitorial services and trash removal to any leaseable areas of the Building, except as
specifically required pursuant to Article 8 (f); 
 (nn) Reserves; 

(oo) Business interruption insurance and rental value insurance, except as required pursuant to Article 7 (a); 

(pp) Landlord’s general corporate overhead and administrative expenses except if it is solely for the Building; 

(qq) A property management fee for the Building not higher than those for comparable buildings in the Exton Area based upon market rates
charged by local property management firms (exclusive of capital expenditures, tenant reimbursements and ancillary income from other tenants [e.g., income from antennae, or satellite dishes, paid parking, security deposits and interest thereon,
etc., and exclusive of such property management fee]) for the relevant calendar year; 
 (rr) Expenses for any item or service
not provided to Tenant, but provided exclusively to certain other tenants in the Building; 
 (ss) Expenses for any item or
service which Tenant pays directly to a third party or separately reimburses Landlord and expenses incurred by Landlord to the extent the same are reimbursable or reimbursed from any other tenants, occupants of the property or third parties;

 (tt) Cost of correcting any latent defects or original design defects in the Building shell and Building systems construction,
labor or materials as part of Landlord’s work in connection with construction of the Building shell; 
 (uu) Cost of repairs
necessitated by Landlord’s negligence or willful misconduct; 
 (vv) Cost to correct any penalty or fine incurred by
Landlord due to Landlord’s violation of any federal, state, or local law or regulation and any interest or penalties due for late payment by Landlord of any of the Building Operating Expenses; 

(ww) Expenses for the replacement of any item covered under warranty; 

(xx) Expenses incurred by Landlord for repairs or other work occasioned by fire, windstorm, or other insurable casualty or condemnation;

  
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 (yy) Intentionally omitted; and 

(zz) Other items not customarily included as operating expenses for similar buildings. 

Landlord shall at all times use commercially reasonable efforts to operate the Property in a commercially reasonable manner at costs not
disproportionately higher than those experienced by other comparable buildings in the greater Exton, PA area. 
 10. Payment
of Tenant’s Share of Operating Expenses. Commencing on the Commencement Date, Tenant shall pay to Landlord as additional rent one twelfth (1/12th) of Tenant’s Proportionate Share of Operating Expenses for each calendar year on or
before the first day of each month during such calendar year, in advance, in an amount reasonably estimated by Landlord in good faith and billed by Landlord to Tenant. Landlord shall have the right to revise such estimate from time to time. Within
one hundred twenty (120) days after the end of each calendar year, Landlord shall furnish Tenant with a statement (“Landlord’s Operating Expense Statement”), setting forth the actual amount of Operating Expenses and Impositions
for such calendar year, and Tenant’s Proportionate Share of Operating Expenses. If the actual amount of Tenant’s Proportionate Share of Operating Expenses and Impositions due for such calendar year differs from the estimated amount of
Tenant’s Proportionate Share of Operating Expenses and Impositions paid by Tenant for such calendar year, then, if Tenant owes any amounts to Landlord, such amounts shall be paid by Tenant (whether or not this Lease has terminated) within
thirty (30) days after receipt of Landlord’s Operating Expense Statement, and if Landlord owes any amounts to Tenant, such amounts shall be credited against the next installments of Base Rent and Additional Rent due from Tenant (or if the
Lease has terminated for any reason other than Tenant’s default, paid to Tenant within thirty (30) days after delivery of Landlord’s Operating Expense Statement); provided, however, that in no event shall Operating Expenses actually
payable for a given calendar year be less than zero. Notwithstanding the foregoing, for purposes of computing Tenant’s payment of Operating Expenses, the “Controllable Operating Expenses,” as defined herein, for any lease year shall
not include an increase of more than three percent (3%) over such Operating Expenses for the preceding lease year. “Controllable Operating Expenses” shall mean all Operating Expenses (including accounting services, storm water
inspections for the first five years of the term of this Lease, window cleaning twice a year, Building and cleaning supplies, sprinkler backflow and alarm inspection, pest control and trash removal) other than real estate taxes, assessments,
governmental fees, general repairs and Property maintenance, all utility usage charges and related expenses, snow removal and insurance premiums. 
 11. Objections to Statements. Tenant acknowledges that Landlord’s ability to budget and incur expenses depends on the finality of Landlord’s tax statements and Landlord’s
Operating Expense Statements, and Tenant shall have one year following receipt of any such statement within which to raise any objection to the calculations contained in any such statement. Failure of Tenant to object within such one year period
shall be deemed a waiver of any such objection. Tenant shall continue to make all payments required under this Lease pending resolution of any such objection. If Tenant makes a timely objection within the said one year period, Landlord and Tenant
shall use reasonable efforts and due diligence in attempting to resolve such dispute within a reasonable time. No delay by Landlord in providing any statement shall be deemed a default by Landlord or a waiver of Landlord’s right to require
payment of Tenant’s obligations for actual or estimated Impositions or Operating Expenses; provided however that (i) Landlord shall be estopped from correcting or issuing a new charge more than one (1) year following the end of the
year in which the charge was incurred and (ii), should Landlord delay in providing any statement or document related to an objection by Tenant , the objection period shall be extended on a day for day basis, 

12. Tenant’s Review. Tenant may, within one (1) year after receiving Landlord’s Operating Expense Statement for any
year, have the right upon written request to review Landlord’s books and records relating to Operating Expenses for such year. Within thirty (30) days, after receipt of Tenant’s notice, Landlord shall make such books and

  
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records available to Tenant at either Landlord’s home office or at the Building. Tenant shall be solely responsible for all costs and expenses incurred in connection with such review and may
utilize any and all resources available to it to validate and verify Operating Expenses. If Tenant’s inspection proves that Landlord’s calculation of Tenant’s share of Operating Expenses for the inspected calendar year resulted in an
overpayment by more than five percent (5%) of Tenant’s share, Landlord shall also pay the reasonable fees and expenses of Tenant’s independent professionals, if any, conducting said inspection. Tenant shall treat as confidential all
information obtained by Tenant in conducting such review. 
 13. Utility Charges. Tenant shall be solely responsible for
and shall pay promptly all rents, costs and charges for water service, sewer service, gas, electricity, light, heat, steam, power, telephone and other communication services, and any and all other utilities or services rendered to or servicing the
Premises. All utilities are separately metered, except water and sewer. 
 14. Net Lease. Except for the obligations of
Landlord expressly set forth herein, this Lease is a net lease and Landlord shall receive the minimum annual rent as hereinabove provided as net income from the Premises, not diminished by any Imposition or any expenses or charges required to be
paid to maintain and carry the Premises and the Property or to continue the ownership of Landlord other than payments under any mortgages now existing or hereafter created by Landlord, and Landlord is not and shall not be required to render any
services of any kind to Tenant. 
 15. Governmental Regulations. (a) Throughout the Term of this Lease and at its
sole cost and expense, Tenant shall: (i) comply promptly with all laws, ordinances, notices, orders, rules, regulations and requirements of all federal, state and municipal governments and all departments, commissions, boards and officers
thereof, and of the National Board of Fire Underwriters or any other body now or hereafter constituted exercising similar functions; and (ii) keep in force at all times all licenses, consents and permits necessary for the lawful use of the
Premises for the purposes herein provided; and (iii) comply with the requirements of all public liability, fire and other policies of insurance covering the Premises whether any of the foregoing are foreseen or unforeseen, ordinary or
extraordinary. Provided, however, that Tenant shall not be required to comply with the foregoing laws, ordinances and notices with respect to the footings and foundations and the structural steel columns and girders forming a part of the Premises
(Landlord will comply with same at its sole cost and expense) unless the need for such compliance arises out of or is caused by Tenant’s particular use, manner of use or occupancy of the Premises (as opposed to general use by any tenant of
similar space), or by Tenant’s installations in or upon the Premises or by any act or omission of Tenant or any employee, agent, contractor or invitee of Tenant. Without limiting the generality of the foregoing, Tenant shall comply with the
requirements of (a) the Occupational Safety and Health Act (and all regulations promulgated thereunder), and (b) the Americans with Disabilities Act (and all regulations promulgated thereunder), as the same may be amended from time to time
(collectively, the “Act”). Notwithstanding the foregoing, Landlord, at its sole cost and expense, shall be responsible for causing any work completed by it pursuant to this Lease to comply with Title III of the Americans With Disabilities
Act of 1990 (the “ADA”), or the regulations promulgated thereunder (as said Title III is in effect and pertains to the general public), as of the Lease Commencement Date. The Act may require, among other things, that the Premises be
designed to remove architectural barriers so that the Premises will be readily accessible to people with disabilities, on the same basis as the Premises are accessible to those without such disabilities. The foregoing obligation of Tenant shall not
however permit Tenant to make, without Landlord’s prior written approval, any alterations to the Premises which otherwise would require Landlord’s approval under this Lease, and Tenant shall comply with all of the requirements of this
Lease in making any such alterations. 

  
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 (b) Hazardous Materials. 

“Hazardous Substance” shall mean any hazardous or toxic substance, material or waste which is or becomes regulated by any
local, state or federal governmental authority having jurisdiction. The term “Hazardous Substance” includes, without limitation, any material or substance which is (i) designated as a “hazardous substance” pursuant to
Section 311 of the Federal Water Pollution Control Act (33 U.S.C. Section 1317), (ii) defined as a “hazardous waste” pursuant to Section 1004 of the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901 et
seq. (42 U.S.C. Section 6903), (iii) defined as a “hazardous substance” pursuant to Section 101 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. Section 9601 et seq. (42 U.S.C.
Section 9601), (iv) petroleum or (v) asbestos or asbestos-containing materials. 
 Tenant shall not cause or
suffer or allow any Hazardous Substances, to be brought upon, kept, used, discharged, deposited or leaked in or about the Premises or the Property by Tenant or any of Tenant’s contractors, employees or invitees or by anyone in the Premises
(other than Landlord or its agents, employees or contractors) (“Tenant Parties”), except to the extent such Hazardous Substances are customarily kept or used by typical office tenants. If Tenant or its agents discharge Hazardous Substances
upon the Property which results in contamination of the Premises or the Property, then Tenant shall indemnify, defend and hold Landlord harmless from any and all claims, judgments, damages, penalties, fines, costs, liabilities, expenses and losses
(including, but not limited to,, diminution in value of the Property using a fair market appraisal of the Landlord’s interest in the Property, damages for the loss or restriction on use of leasable space or of any amenity of the Building,
damages arising from any adverse impact on marketing of space and sums paid in settlement of claims, attorneys’ fees, consultant fees and expert fees) which arise during or after the Term as a result of such contamination. This indemnification
shall include, without limitation, costs incurred in connection with any investigation of site conditions or any clean-up, remedial, removal or restoration work required by any federal, state or local governmental agency or political subdivision
because of any Hazardous Substance present in the soil or groundwater on or under the Property. Tenant’s obligations hereunder shall survive the termination or expiration of this Lease. 

Landlord represents and warrants to Tenant, to the best of Landlord’s knowledge based upon that certain Phase I Environmental Site
Assessment 290 National Road Exton Pennsylvania prepared by ePhase and dated April 26, 2007 and revised June 14, 2013, that as of the Commencement Date the Property does not contain Hazardous Materials in excess of legally permitted
maximum thresholds. If at any time is is determined that the Property is contaminated with Hazardous Materials (whether caused before or after the date on which the parties entered in to this Lease), so long as such contamination is not caused by
Tenant or Tenant Parties, Landlord will, at its sole cost and expense, diligently pursue such remediation activities for any contamination as required by law (“Remediation Activities”), (and the costs thereof shall not be charged to Tenant
through operating expenses or otherwise). Landlord’s obligations pursuant to this paragraph shall survive the expiration or termination of this Lease, and Landlord shall indemnify Tenant with respect to any costs that Tenant must incur in
connection with Remediation Activities to comply with legal requirements so long as Tenant has not caused the environmental condition necessitating the Remediation Activities. 

Landlord and Tenant will immediately notify the other of any violation of any environmental laws or the release or suspected release of
Hazardous Materials in, under or about the Property of which such party has actual knowledge, and both parties shall immediately deliver to the other a copy of any notice, filing or permit sent or received with respect to the foregoing. Landlord
hereby represents and warrants to Tenant that Landlord has provided Tenant with copies of all environmental reports or assessments related to the Property prepared for Landlord or in the possession of Landlord or Landlord’s property manager.
Notwithstanding the foregoing, if the Remediation Activities (a) result in the Premises being unusable for the reasonable conduct of Tenant’s business, (b) are not necessitated by the

  
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wrongful acts or omissions of Tenant or its agents, and (c) continue for more than three (3) consecutive business days after Tenant notifies Landlord, then Tenant shall be entitled to a
reasonable abatement of Rent (to the extent the Premises is unusable for the reasonable conduct of Tenant’s business) accruing from and after the expiration of such three (3) consecutive business day period and continuing for so long as
Tenant is so prevented from using the Premises. If the Premises are unusable by Tenant for one hundred twenty (120) or more days, then Tenant shall have the right to terminate this Lease. 

16. Signs. Except for signs which are located wholly within the interior of the Premises and which are not visible from the
exterior of the Premises, no signs shall be placed, erected, maintained or painted at any place upon the Premises without the prior written consent of Landlord as to the size, design, color, location, content, illumination, composition or material
and mobility thereof. However, Landlord agrees to timely approve such Tenant exterior signage that is in compliance with the requirements of all governmental authorities. Landlord will review and approve such signage that is in compliance
with the requirements of this Article and such signage shall be described and depicted on an Exhibit to be attached hereto. All signs shall be maintained by Tenant in good condition during the term of this Lease, and Tenant shall remove all signs at
the termination of this Lease and shall repair and restore any damage caused by the installation or removal thereof, reasonable wear and tear excluded. In the event Tenant shall fail to adequately and reasonably maintain or repair its signage
(including but not necessarily limited to, the sign causing damage, deterioration, discoloration or staining to the Building) Landlord shall have the right to make such repairs or maintenance and Tenant shall pay to Landlord as additional rent the
reasonable cost of such repairs or maintenance promptly upon being billed therefor. Landlord will assist with, but Tenant shall be solely responsible for obtaining all governmental approvals associated with its signage. In addition, Tenant shall be
solely responsible for all sign permit and/or license fees and all costs and expenses associated with Tenant’s signage. 

17. Alterations, Additions and Fixtures. 
 (a) Subject to the provisions of Article 18 hereof, Tenant shall have the right to install in the Premises any trade fixtures from time to time during the Term of this Lease; provided, however,
that no such installation or removal thereof shall adversely affect the structural portion of the Premises and that Tenant shall repair and restore any damage or injury, if any, to the Premises or the Property caused thereby. 

(b) Tenant shall not make or permit to be made any alterations, improvements or additions that do not affect the structural
portion of the Premises in excess of $50,000 without on each occasion first presenting to Landlord plans and specifications therefor and obtaining Landlord’s prior written consent thereto; except that Tenant may make minor nonstructural changes
to the interior of the Premises without the consent of Landlord provided that: (i) Tenant supplies Landlord with plans and specifications and any necessary permits therefor at least ten (10) days in advance of commencing construction
thereof; (ii) such alterations and improvements do not impair the structural strength of the Building or any other improvements or reduce the value of the Property; (iii) Tenant shall take or cause to be taken all steps that are required
by Article 19 hereof and that are required or permitted by law in order to avoid the imposition of any mechanic’s, laborer’s or materialman’s lien upon the Premises, Building or Lot; and (iv) the occupants of the Building and of
any adjoining real estate are not annoyed or disturbed by reason thereof. Any and all alterations, improvements and additions to the Property which are constructed, installed or otherwise made by Tenant shall be the property of Tenant until the
expiration or sooner termination of this Lease; at that time all such alterations and additions shall remain on the Property and become the property of Landlord without payment therefor by Landlord; unless, if requested by Tenant in writing at the
time Landlord approves installation of the improvements, Landlord also gives written notice to Tenant whether it will be required to remove the same; in which event at the expiration or termination of this Lease Tenant will remove such alterations,
improvements and additions, and repair and restore any damage to the Property caused by the installation or removal thereof if required by Landlord. In no event shall Tenant be required to remove approved Tenant’s Work or any of the
improvements installed by Landlord in connection with this Lease. 

  
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 18. Mechanics’ Liens. Tenant shall promptly pay any contractors and
materialmen who supply labor, work or materials to Tenant at the Premises or the Property so as to minimize the possibility of a lien attaching to the Premises or the Property. Tenant shall take all steps permitted by law in order to avoid the
imposition of any mechanic’s, laborer’s or materialman’s lien upon the Premises, the Property or the Lot. Should any such lien or notice of lien be filed for work performed for Tenant other than by Landlord, Tenant shall bond against
or discharge the same within fifteen (15) business days after the lien or claim has been issued regardless of the validity of such lien or claim. Nothing in this Lease is intended to authorize Tenant to do or cause any work or labor to be done
or any materials to be supplied for the account of Landlord, all of the same to be solely for Tenant’s account and at Tenant’s risk and expense. Throughout this Lease the term mechanic’s lien is used to include any lien, encumbrance
or charge levied or imposed upon the Premises or the Property or any interest therein or income therefrom on account of any mechanic’s, laborer’s or materialman’s lien or arising out of any debt or liability to or any claim or demand
of any contractor, mechanic, supplier, materialman or laborer and shall include without limitation any mechanic’s notice of intention given to Landlord or Tenant, any stop order given to Landlord or Tenant, any notice of refusal to pay naming
Landlord or Tenant and any injunctive or equitable action brought by any person entitled to any mechanic’s lien. 
 19.
Landlord’s Right of Entry. 
 (a) Tenant shall permit Landlord and the authorized representatives of Landlord
and of any mortgagee or any prospective mortgagee to enter the Premises at all reasonable times after providing at least twenty-four (24) hours prior notice to Tenant and confirmation by Tenant (except in the event of an emergency) for the
purpose of (i) inspecting them or (ii) making any necessary repairs thereto or to the Property and performing any work therein. Except as otherwise provided herein, during the progress of any work on the Premises or the Property Landlord
will attempt not to inconvenience Tenant. If, due to the above-described entry and activities by Landlord a disturbance occurs which results in the Premises being unusable for the reasonable conduct of Tenant’s business, then Tenant shall be
entitled to a reasonable abatement of Rent (to the extent the Premises is unusable for the reasonable conduct of Tenant’s business) continuing for so long as Tenant is so prevented from using the Premises. 

(b) Landlord shall have the right at all reasonable times after providing at least twenty-four (24) hours prior notice to
Tenant and confirmation by Tenant to enter and to exhibit the Premises for the purpose of sale or mortgage, and, during the last nine (9) months of the term of this Lease, to enter and to exhibit the Premises to any prospective tenant excepting
any areas which may contain proprietary business fixtures, equipment, documents, plans, drawings, prototypes or files. 
 20.
Damage by Fire or Other Casualty. 
 (a) If the Premises or Building shall be damaged or destroyed by fire or other
casualty, Tenant shall promptly notify Landlord, and Landlord shall repair, rebuild or replace such damage and shall repair, rebuild or replace such damage and restore the Premises to substantially the same condition in which they were immediately
prior to such damage or destruction. 
 (b) The work shall be commenced promptly and completed with due diligence, taking
into account the time required by Landlord to effect a settlement with, and procure insurance proceeds from, the insurer, and for delays beyond Landlord’s reasonable control. 

  
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 (c) The net amount of any insurance proceeds (excluding
proceeds received pursuant to a rental coverage endorsement) recovered by reason of the damage or destruction of the Property in excess of the cost of adjusting the insurance claim and collecting the insurance proceeds (such excess amount being
hereinafter called the net insurance proceeds) shall be applied towards the full cost of restoration and Landlord shall pay for any shortfall without pass-through to Tenant. If the net insurance proceeds are more than adequate, the amount by which
the net insurance proceeds exceed the cost of restoration will be retained by Landlord or applied to repayment of any mortgage secured by the Property. Notwithstanding the foregoing, in the event that the Premises are (i) in the reasonable
opinion of Landlord, so destroyed that they cannot be repaired or rebuilt within one hundred twenty (120) days after the date of such damage, then Landlord shall give written notice to Tenant of such determination (the “Determination
Notice”) within thirty (30) days of such casualty. Either Landlord or Tenant may terminate and cancel this Lease effective as of the date of such casualty by giving written notice to the other party within thirty (30) days after
Tenant’s receipt of the Determination Notice. Upon the giving of such termination notice, all obligations hereunder with respect to periods from and after the effective date of termination shall thereupon cease and terminate. If no such
termination notice is given, Landlord shall, to the extent of the available insurance proceeds, make such repair or restoration of the Premises to the approximate condition existing prior to such casualty, promptly and in such manner as not to
unreasonably interfere with Tenant’s use and occupancy of the Premises (if Tenant is still occupying the Premises). Notwithstanding the foregoing, in the event that Landlord is unable to substantially repair or restore the Premises in
accordance with the Determination Notice on or before the date which is the one hundred eightieth (180th) day after such casualty as may be extended by Force Majeure Delay for up to sixty (60) days, Tenant may, at its option terminate this Lease by written notice to Landlord given within thirty
(30) days following the expiration of such period, and thereafter neither Landlord nor Tenant shall have any further obligation hereunder except those which would otherwise survive a termination of the Lease. 

(d) Landlord’s obligation or election to restore the Premises under this Article shall not include the repair, restoration or
replacement of the fixtures, improvements, alterations, furniture or any other property owned, installed, made by, or in the possession of Tenant. 
 (e) Landlord shall maintain a rental coverage endorsement or other comparable form of coverage as part of its fire and extended coverage or all-risk insurance policy. Tenant will receive an
abatement of its minimum annual rent and all additional rent (including but not limited to payment of Impositions and Tenant’s Proportionate Share of the Operating Expenses) during all times that the Premises or any part thereof cannot be used
for the reasonable operation of Tenant’s business. 
 21. Non-Abatement of Rent. Except as otherwise expressly
provided in this Lease there shall be no abatement or reduction of the minimum rent, additional rent or other sums payable hereunder for any cause whatsoever, and this Lease shall not terminate, and Tenant shall not be entitled to surrender the
Premises. 
 22. Mutual Indemnification. Except to the extent caused by the negligence or willful misconduct of Landlord
or any Landlord Related Parties (defined below), Tenant shall indemnify, defend and hold Landlord, its trustees, members, principals, beneficiaries, partners, officers, directors, employees and agents (the “Landlord Related Parties”)
harmless against and from all liabilities, obligations, damages, penalties, claims, actions, costs, charges and expenses, including, without limitation, reasonable attorneys’ fees and other professional fees (collectively referred to as
“Losses”), which may be imposed upon, incurred by or asserted against Landlord or any of the Landlord Related Parties by any third party and (a) occasioned wholly or in part by any l wrongful act or omission of Tenant, its agents,
contractors, employees, licensees or invitees; unless such loss, injury or damage was caused by the negligence or willful misconduct of the Landlord, its agents, employees, licensees or invitees. (b) arising out of any negligence or willful
misconduct of Tenant, the Tenant Related Parties (defined below) or any of Tenant’s transferees, contractors, invitees or licensees; (c) arising out of any acts or omissions of Tenant, the Tenant Related Parties or any of Tenant’s
transferees, 

  
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contractors, invitees or licensees occurring during the performance of any demolition, construction, repair or maintenance work in the Building; or (d) any breach of this Lease by Tenant.
Except to the extent caused by the negligence or willful misconduct of Tenant or any Tenant Related Parties, Landlord shall indemnify, defend and hold Tenant, its trustees, members, principals, beneficiaries, partners, officers, directors, employees
and agents (“Tenant Related Parties”) harmless against and from all Losses which may be imposed upon, incurred by or asserted against Tenant or any of the Tenant Related Parties by any third party and arising out of (a) any negligence
or willful misconduct of Landlord, the Landlord Related Parties or any of Landlord’s contractors; (b) any acts or omissions of Landlord, the Landlord Related Parties or any of Landlord’s contractors occurring during the performance of
any demolition, construction, repair or maintenance work in the Building; or (c) any breach of this Lease by Landlord. 
 23. Condemnation. (a) If any portion of the Premises or parking or points of access to the Property are taken or condemned for a public or quasi-public use, and the ability to utilize the
Premises for Tenant’s Permitted Use is materially and adversely affected then each of Landlord and Tenant shall have the right to terminate this Lease effective as of the date of such taking by giving written notice to the other party within
thirty (30) days after such taking. Upon the giving of such termination notice, all obligations hereunder with respect to periods from and after the effective date of termination shall thereupon cease and terminate. If no such termination
notice is given, Landlord shall, to the extent of the available condemnation proceeds, make such repair or restoration of the Premises as nearly as reasonably possible to the approximate condition existing prior to such taking, promptly and in such
manner as not to unreasonably interfere with Tenant’s use and occupancy of the Premises (if Tenant is still occupying the Premises). Notwithstanding the foregoing, in the event that Landlord is unable to substantially repair or restore the
Premises in accordance with the Condemnation Determination Notice on or before the date which is one hundred twentieth
(120th) day after such taking, as may be extended by
Force Majeure Delay for up to sixty (60) days, Tenant may, at its option and as its sole remedy, terminate this Lease by written notice to Landlord given within thirty (30) days following the expiration of such period, and thereafter
neither Landlord nor Tenant shall have any further obligation hereunder except those which would otherwise survive a termination of the Lease. In the event of a termination as described above, the Base Rent herein reserved and all Additional Rent
and other sums payable hereunder shall be apportioned and paid in full by Tenant to Landlord to that date, all Base Rent, Additional Rent and other sums payable hereunder prepaid for periods beyond that date shall forthwith be repaid by Landlord to
Tenant, and neither party shall thereafter have any liability hereunder, except that any obligation or liability of either party, actual or contingent, under this Lease which has accrued on or prior to such termination date shall survive.

 (c) Award. In the event of a condemnation affecting Tenant, Tenant shall have the right to make a claim against the
condemner for removal expenses, business dislocation damages and moving expenses and the costs of fixtures and equipment installed by Tenant; provided and to the extent, however, that such claims or payments do not reduce the sums otherwise payable
by the condemnor to Landlord. Except as aforesaid, Tenant hereby waives all claims against the condemnor, and Tenant hereby assigns to Landlord all claims against the condemnor including, without limitation, all claims for leasehold damages and
diminution in value of Tenant’s leasehold interest. 
 24. Quiet Enjoyment. Tenant, unless Tenant is in default
which is uncured under this Lease, shall quietly have and enjoy the Premises during the Term of this Lease without hindrance or molestation by anyone claiming by or through Landlord, subject, however, to the exceptions, reservations and conditions
of this Lease. 
 25. Assignment and Subletting. 

(a) Restricted Assignment. Tenant shall not assign, mortgage, pledge or encumber this lease, or sublet the whole or any part of
the Premises, without the prior written consent of Landlord which consent shall not be unreasonably 

  
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withheld, conditioned or delayed. This prohibition against assigning or subletting shall be construed to include a prohibition against any assignment or subletting by operation of law, and/or a
transfer by any person or persons controlling Tenant on the date of the lease of such control to a person or persons not controlling Tenant on the date of the lease. In the event of any assignment of this Lease made with or without Landlord’s
consent, Tenant nevertheless shall remain liable for the performance of all of the terms, conditions and covenants of this Lease and shall require any assignee to execute and deliver to Landlord an assumption of liability agreement in form
satisfactory to Landlord including an assumption by the assignee of all of the obligations of Tenant and the assignee’s ratification of and agreement to be bound by all the provisions of this Lease. Landlord shall be entitled to, and Tenant
shall promptly remit to Landlord, 50% of any profit which may inure to the benefit of Tenant as a result of any subletting of the Premises or assignment after deduction of any expenses related to assignment of this Lease. 

(b) Corporate or Partnership Transfers. Tenant shall have the right, without the necessity of obtaining Landlord’s
consent, to: (i) assign this Lease to its parent or any wholly owned subsidiary of Tenant or to any entity controlled by or in common control with or controlling Tenant; or (ii) transfer the Lease by assignment, consolidation, or merger to
or with, in the reasonable opinion of Landlord a reputable business entity having substantially the same credit worthiness of Tenant as of the date of execution of this Lease. Tenant shall provide reasonable written notice thereof to Landlord, but
in no event less than thirty (30) days. 
 (c) Percentage Agreements. It is agreed that Tenant shall not enter into
any assignment, sublease, license, concession or other agreement for use, occupancy or utilization of the whole or any part of the Premises with or without Landlord’s consent, which provides for rental or other payment for such use, occupancy
or utilization based, in whole or in part on the net income or profits derived by any person or entity from the space leased, used, occupied or utilized (other than an amount based on a fixed percentage or percentages of receipts or sales), and any
such purported assignment, sublease, license, concession or other agreement shall be absolutely void and ineffective as a conveyance of any right or interest in the possession, use, occupancy or utilization of any part of the Premises. 

26. Subordination. 
 (a) This Lease shall be subject and subordinate to the lien of any mortgage, deed of trust or ground lease hereafter placed on all or any part of the Property, provided that Landlord shall deliver to
Tenant a Subordination, Non-Disturbance and Attornment Agreement in the form acceptable to Tenant executed by the holder thereof (a “Holder”). Upon execution by Tenant, Landlord shall record the SNDA in the appropriate governmental offices
for giving notice of interests in real property for the city or county, as the case may be, where the Property is located (the “Recording Office”), at Landlord’s sole cost. 

(b) Simultaneously with the execution and delivery of this Lease, Landlord shall deliver to Tenant the SNDA executed by Landlord.
Landlord shall deliver the SNDA as executed by the Holder of the first mortgage, encumbering the Property within five (5) days after the construction loan closing for the Property . Tenant shall execute the SNDA simultaneously with the
execution of this Lease. Landlord shall, within ten (10) days after receipt of the fully executed SNDA record the SNDA in the appropriate Recording Office at Landlord’s sole cost. 

Tenant shall be entitled to rely upon any notice requesting that Tenant make all future rent payments to a Holder and Tenant shall not be
liable to Landlord for any payment made to a Holder in accordance with such notice. 
 27. Memorandum of Lease; Tenant’s
Certificate. 
 (a) Tenant, at any time and from time to time and within ten (10) business days after
Landlord’s written request, shall execute, acknowledge and deliver to Landlord a short form or memorandum of this Lease or estoppel certificate for recording purposes. 

  
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 (b) Tenant, at any time and from time to time and within ten (10) business
days after Landlord’s written request, so long as there are no material and substantial defects in the Premises which Landlord is obligated to remedy and which Landlord is not proceeding to remedy, and so long as Landlord is not otherwise in
default of this Lease, shall execute, acknowledge and deliver to Landlord a written instrument in recordable form certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that it is in full force
and effect as modified and stating the modifications); stating that the improvements required by Article 2 hereof have been completed; certifying that Tenant has accepted possession of the Premises; stating the date on which the term of the Lease
commenced and the dates to which minimum rent, additional rent and other charges have been paid in advance, if any; stating that to the best knowledge of the signer of such instrument Landlord is not in default of this Lease; stating any other fact
or certifying any other condition reasonably requested by Landlord or required by any mortgagee or prospective mortgagee or purchaser of the Premises or any interest therein; and stating that it is understood that such instrument may be reasonably
relied upon by any mortgagee or prospective mortgagee or purchaser of the Premises or any interest therein or by any assignee of Landlord’s interest in this Lease or by any assignee of any mortgagee. The foregoing instrument shall be addressed
to Landlord and to any mortgagee, prospective mortgagee, purchaser or other party specified by Landlord. 
 28. Curing
Tenant’s Defaults. If Tenant shall be in default in the performance of any of its obligations hereunder and Tenant does not commence such performance (and diligently pursue same) within thirty (30) days after written notice from
Landlord, Landlord, without any obligation to do so, in addition to any other rights it may have in law or equity, may elect to cure such default on behalf of Tenant after written notice (except in the case of emergency) to Tenant. Tenant shall
reimburse Landlord upon demand for any actual sums paid or costs incurred by Landlord in curing such default, which sums and costs together with interest thereon shall be deemed additional rent payable promptly upon being billed therefor. If
Landlord does so cure such default, then upon payment by Tenant of the costs required by this Section 28, such default shall be deemed cured and Landlord shall have no further recourse with respect thereto. 

29. Surrender. 
 (a) Subject to the terms of Paragraphs 17(b) and 20(a) and (c) hereof at the expiration or earlier termination of the term hereof, Tenant shall promptly yield up, clean and neat, and in the
same condition, order and repair in which they are required to be kept throughout the term hereof, the Premises and all improvements, alterations and additions thereto, and all fixtures and equipment servicing the Building, ordinary wear and tear,
casualty and condemnation excepted. 
 (b) If Tenant, or any person claiming through Tenant, shall continue to occupy the
Premises after the expiration or earlier termination of the term or any renewal thereof, such occupancy shall be deemed to be under a tenancy-at-will under the same terms and conditions set forth in this Lease; except, however, that the minimum
annual rent during such continued occupancy shall be one and one half the per diem amount set forth in Paragraphs 5 (a) and (b) hereof . Anything to the contrary notwithstanding, any holding over by Tenant without Landlord’s prior
written consent shall constitute a default hereunder and shall be subject to all the remedies set forth in Article 26 hereof. 

30. Defaults-Remedies. 
 (a) Tenant Defaults. It shall be an event of default: 
 (i) If
Tenant does not pay in full when due and without demand any and all installments of minimum rent or additional rent or any other charges or payments whether or not herein included as rent after the expiration of applicable notice and grace periods;
or 

  
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 (ii) If Tenant violates or fails to perform or otherwise breaches any agreement,
term, covenant or condition herein contained after the expiration of applicable notice and grace periods; or 
 (iii)
Intentionally omitted. 
 (iv) If Tenant becomes insolvent or bankrupt in any sense or makes an assignment for the
benefit of creditors or offers a composition or settlement to creditors, or if a petition in bankruptcy or for reorganization or for an arrangement with creditors under any federal or state law is filed by or against Tenant, or a bill in equity or
other proceeding for the appointment of a receiver, trustee, liquidator, custodian, conservator or similar official for any of Tenant’s assets is commenced, or if any of the real or personal property of Tenant shall be levied upon by any
sheriff, marshal or constable; provided, however, that any proceeding brought by anyone other than the parties to this Lease under any bankruptcy, reorganization arrangement, insolvency, readjustment, receivership or similar law shall not constitute
a default until such proceeding, decree, judgment or order has continued unstayed for more than sixty (60) consecutive days. 
 (v) If any of the events enumerated in Paragraph (a)(iv) of this Article shall happen to any guarantor of this Lease; 
 (b) Landlord Remedies. Then, and in any such event, Landlord shall have the following rights: 
 (i) To charge a late payment penalty equal to the prime rate of interest as published by the Wall Street Journal plus five percent (5%) of any amount owed to Landlord pursuant to this Lease
which is not paid within five (5) business days of the date which is set forth in the Lease if a date is specified, or, if a date is not specified, within thirty (30) days of the mailing of a bill therefore by Landlord. If Landlord incurs
a penalty in connection with any payment which Tenant has failed to make within the times required in this Lease, Tenant shall pay Landlord, in addition to such sums, the full amount of such penalty incurred by Landlord. In the event the Wall Street
Journal shall no longer publish the Prime Rate of interest, Landlord shall designate a substitute publication which publishes a substantially equivalent rate of interest. 
 (ii) Intentionally Omitted 
 (iii) To enter the Premises and
without further demand or notice proceed to distress and sale of the goods, chattels and personal property were found and to levy the rent and other charges herein payable as rent, and Tenant shall pay all costs and officers’ commissions which
are permitted by law, including watchmen’s wages and sums chargeable to Landlord, and further including commission(s) charged by the constable or other person making the levy, and in such case all costs, officers’ commissions and other
charges shall immediately attach and become part of the claim of Landlord for rent, and any tender of rent without said costs, commissions and charges made after the issuance of a warrant of distress, shall not be sufficient to satisfy the claim of
Landlord. 
 (iv) To re-enter the Premises, together with all additions, alterations and improvements, and, at the
option of Landlord, remove all persons and all or any property therefrom either by summary dispossess proceedings or by any suitable action or proceeding at law or by force or otherwise, without being liable for prosecution or damages therefor, and
repossess and enjoy the Premises. Upon recovering possession of the Premises as a result of a default on the part of Tenant, Landlord may, at Landlord’s option, either terminate this Lease or make such alterations and repairs as

  
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may be necessary in order to relet the Premises and relet the Premises or any part or parts thereof, either in Landlord’s name or otherwise, for a term or terms which may, at Landlord’s
option, be less than or exceed the period which would otherwise have constituted the balance of the term of this Lease and at such rent or rents and upon such other terms and conditions as in Landlord’s sole discretion may seem advisable and to
such person or persons as may in Landlord’s discretion seem best; upon each such reletting all rents received by Landlord from such reletting shall be applied: first, to the payment of any costs and expenses of such reletting, including
brokerage fees and attorney’s fees and all costs of such alterations and repairs; second, to the payment of any indebtedness other than rent due hereunder from Tenant to Landlord; third, to the payment of rent due and unpaid hereunder; and the
residue, if any, shall be held by Landlord and applied in payment of future rent as it may become due and payable hereunder. If such rentals received from such reletting during any month shall be less than that to be paid during that month by
Tenant, Tenant shall pay any such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No such re-entry or taking possession of the Premises or the making of alterations or improvements thereto or the reletting thereof shall
be construed as an election on the part of Landlord to terminate this Lease unless written notice of such intention be given to Tenant. Landlord shall in no event be liable in any way whatsoever for failure to relet the Premises or, in the event
that the Premises or any part or parts thereof are relet, for failure to collect the rent under such reletting. Tenant, for Tenant and Tenant’s successors and assigns, hereby irrevocably constitutes and appoints Landlord Tenant’s and their
agent to collect the rents due and to become due under all subleases of the Premises or any parts thereof without in any way affecting Tenant’s obligation to pay any unpaid balance of rent due or to become due hereunder. Notwithstanding any
such reletting without termination, Landlord may at any time thereafter elect to terminate this Lease for such previous breach. 
 (v) To terminate this Lease and the term hereby created without any right on the part of Tenant to waive the forfeiture by payment of any sum due or by other performance of any condition, term or
covenant broken. Whereupon Landlord shall be entitled to recover, in addition to any and all sums and damages for violation of Tenant’s obligations hereunder in existence at the time of such termination, damages for Tenant’s default in an
amount equal to the amount of the rent reserved for the balance of the term of this Lease, as well as all other charges, payments, costs and expenses herein agreed to be paid by Tenant, all discounted at the rate of six percent (6%) per annum
to their then present worth, less the fair rental value of the Premises for the remainder of said term, also discounted at the rate of six percent (6%) per annum to its then present worth, all of which amount shall be immediately due and
payable from Tenant to Landlord. 
 (vi) Whenever not prohibited by the law of the state in which the Property is
located, when this Lease and the term or any extension or renewal thereof shall have been terminated on account of any default by Tenant, or when the term hereby created or any extension or renewal thereof shall have expired, it shall be lawful for
any attorney of any court of record to appear as attorney for Tenant as well as for all persons claiming by, through or under Tenant, and to sign an agreement for entering in any competent court an amicable action in ejectment and judgment against
Tenant and all persons claiming by, through or under Tenant and therein confess judgment for the recovery by Landlord of possession of the Premises, for which this Lease shall be his sufficient warrant; thereupon, if Landlord so desires, an
appropriate writ of possession may issue forthwith, without any prior writ or proceeding whatsoever, and provided that if for any reason after such action shall have been commenced it shall be determined and possession of the Premises remain in or
be restored to Tenant, Landlord shall have the right for the same default and upon any subsequent default or defaults, or upon the termination of this Lease or Tenant’s right of possession as hereinbefore set forth, to bring one or more further
amicable action or actions as hereinbefore set forth to recover possession of the Premises and confess judgment as hereinbefore provided. 
 (vii) Intentionally omitted. 

  
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 Notwithstanding the foregoing, Landlord shall use reasonable efforts to mitigate its
damages in the event of a default by Tenant. 
 (c) Landlord Default/Tenant Remedies. 

(i) It shall be a default by Landlord if Landlord shall fail to fulfill any covenant or provision of this Lease on its part to be
performed that will materially and adversely affect the ability of Tenant to conduct its normal, daily business on the Premises for the Permitted Use and fail to remedy such failure within thirty (30) days after Tenant shall have given Landlord
written notice of such failure, provided that Tenant shall not exercise any of the rights or remedies contained in this Article 30 (c) (ii) or (iii) if Landlord begins to cure the default within ten (10) business days and
continues actively and diligently and in good faith to completely cure the default; 
 (ii) Without limiting the rights
described in subparagraph 30(c)(i) and (iii), in the event that (i) Landlord, for any reason fails to fulfill any covenant or provision of this Lease on its part to be performed (a “Failure”), and (ii) such Failure materially and
adversely interferes with the conduct of Tenant’s business, as reasonably determined by Tenant; and (iii) Landlord does not commence to remedy such Failure within twenty (20) days after Landlord receives actual notice of such Failure
(the “Remedy Commencement Period”) (and thereafter diligently pursue such remedy to completion), then Tenant shall have the right, but not the obligation, to remedy Landlord’s Failure and charge Landlord for the reasonable cost of
such remedy, which charges shall be payable by Landlord within ten (10) business days of Tenant’s demand therefor, and upon Landlord’s failure to pay the same Tenant shall have the right to seek damages for such failure which shall be
Tenant’s exclusive remedy. Notwithstanding the foregoing, if the Failure is of such a nature as to result in an imminent risk of personal injury or damage to Tenant’s property, then the Remedy Commencement Period shall be five
(5) days, rather than twenty (20) days as set forth above. 
 (iii) Without limiting the rights described in
subparagraph (i) and (ii) above, in the event that Landlord fails to fulfill any covenant or provision of this Lease, and such failure materially and adversely interferes with the conduct of Tenant’s business, as reasonably determined
by Tenant, and (iii) such failure is not remedied within thirty (30) days after Tenant shall have given Landlord written notice of such failure, as extended by the grace period as provided in Article 30 (c) (i) above, then Tenant
shall have the right to seek damages for such failure which shall be Tenant’s exclusive remedy. 
 (d) Non-Waiver.
No waiver by Landlord or Tenant of any breach by the other of any obligations, agreements or covenants herein shall be a waiver of any subsequent breach or of any obligation, agreement or covenant, nor shall any forebearance by either party to seek
a remedy for any breach by the other be a waiver by such party of any rights and remedies with respect to such or any subsequent breach. 
 (e) Grace Period. Notwithstanding anything hereinabove stated, except in the case of emergency as set forth in Article 28 and except in the event of any default enumerated in Paragraphs
(a) (i) , (iv) and (v) of this Article, neither party hereto will exercise any right or remedy provided for in this Lease or allowed by law because of any default of the other, except those remedies contained in Paragraph (b)(i)
of this Article, unless such party shall have first given thirty (30) days written notice thereof to the defaulting party, and the defaulting party shall have failed to cure the default within such period; provided, however, that if the default
consists of something other than the failure to pay money which cannot reasonably be cured within ten (10) business days, neither party hereto will exercise any such right or remedy if the defaulting party begins to cure the default within the
ten (10) business days and continues actively and diligently in good faith to completely cure said default; and further provided that Landlord shall not be required to give 

  
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such ten (10) business days notice more than two (2) times during any twelve (12) month period. Grace periods shall not apply with respect to dates established in connection with
Landlord’s construction of the work described in Article 2 above. 
 (f) Rights and Remedies Cumulative. Except as
otherwise specifically provided in this Lease, no right or remedy herein conferred upon or reserved to Landlord is intended to be exclusive of any other right or remedy provided herein or by law, but each shall be cumulative and in addition to every
other right or remedy given herein or now or hereafter existing at law or in equity or by statute. 
 (g) Mutual Waiver of
Consequential Damages. Notwithstanding any provision in this Lease, in no event shall either Landlord or Tenant be liable for any indirect or consequential damages in connection with this Lease. 

31. Condition of Title and Premises. Tenant confirms that the Property, the Lot and the Premises, the title thereto, the zoning
thereof, have been examined by Tenant, and Tenant accepts them in the condition or state in which they now are, or any of them now is, without relying on any representation, covenant or warranty, express or implied, in fact or in law, by Landlord
and without recourse to Landlord, as to the title thereto, the encumbrances thereon, the appurtenances thereto, the nature, condition or usability thereof or the use or uses to which the Premises and the Property or any part thereof may be put,
except as to work to be performed by Landlord pursuant to Article 2 hereof. Notwithstanding the foregoing, Landlord hereby represents that there are no private restrictions affecting the Property which would prohibit the construction of the
improvements contemplated herein or which prohibit the Permitted Use. In addition, Landlord hereby represents that, to its knowledge, the improvements contemplated hereunder shall be in compliance with all legal requirements, including, without
limitation, zoning requirements. 
 32. Interpretation. 

(a) Captions. The captions in this Lease are for convenience only and are not a part of this Lease and do not in any way define,
limit, describe or amplify the terms and provisions of this Lease or the scope or intent thereof. 
 (b) Entire Agreement.
This Lease represents the entire agreement between the parties hereto and there are no collateral or oral agreements or understandings between Landlord and Tenant with respect to the Premises or the Property. No rights, easements or licenses are
acquired in the Property or any land adjacent to the Property by Tenant by implication or otherwise except as expressly set forth in the provisions of this Lease. This Lease shall not be modified in any manner except by an instrument in writing
executed by the parties. Tenant agrees to make such changes to this Lease as are required by any mortgagee, provided such changes do not substantially affect Tenant’s rights and obligations hereunder. The masculine (or neuter) pronoun, singular
number, shall include the masculine, feminine and neuter genders and the singular and plural number. 
 (c) Exhibits.
Each writing or plan referred to herein as being attached hereto as an Exhibit or otherwise designated herein as an Exhibit hereby made a part hereof. 
 (d) Covenants. The terms, covenants and obligations set forth herein all constitute conditions and not covenants of this Lease. 

(e) Interest. Wherever interest is required to be paid hereunder, such interest shall be at the Prime Rate of interest as
published by the Wall Street Journal plus 1% “(the “Interest Rate”). In the event of a default 

  
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hereunder, interest shall be payable at the Interest Rate plus 6%. In the event the Wall Street Journal shall no longer publish the Prime Rate of interest, Landlord shall designate a substitute
publication which publishes a substantially equivalent rate of interest. 
 33. Definitions. 

(a) Landlord. The word Landlord is used herein to include the Landlord named above as well as its heirs, successors and assigns,
each of whom shall have the same rights, remedies, powers, authorities and privileges as he would have had had he originally signed this Lease as Landlord. Any such person, whether or not named herein, shall have no liability hereunder after he
ceases to hold title to the Premises except for obligations which may have theretofore accrued. Neither Landlord nor any principal of Landlord nor any owner of the Building or the Lot, whether disclosed or undisclosed, shall have any personal
liability with respect to any of the provisions of this Lease or the Premises, and if Landlord is in breach or default with respect to Landlord’s obligations under this Lease or otherwise, Tenant shall look solely to the equity of Landlord in
the Premises for the satisfaction of Tenant’s claims. 
 (b) Tenant. The word Tenant is used herein to include the
Tenant named above as well as its successors and assigns, each of which shall be under the same obligations, liabilities and disabilities and each of which shall have the same rights, privileges and powers as it would have possessed had it
originally signed this Lease as Tenant. Each and every of the persons named above as Tenant shall be bound jointly and severally by the terms, covenants and agreements contained herein. However, no such rights, privileges or powers shall inure to
the benefit of any assignee of Tenant immediate or remote, unless the assignment to such assignee is permitted or has been approved in writing by Landlord. Any notice required or permitted by the terms of this Lease may be given by or to any one of
the persons named above as Tenant, and shall have the same force and effect as if given by or to all thereof. 
 (c) Mortgage
and Mortgagee. The word mortgage is used herein to include any lien or encumbrance on the Premises or the Property or on any part of or interest in or appurtenance to any of the foregoing, including without limitation any ground rent or ground
lease if Landlord’s interest is or becomes a leasehold estate. The word mortgagee is used herein to include the holder of any mortgage, including any ground lessor if Landlord’s interest is or becomes a leasehold estate. Wherever any right
is given to a mortgagee, that right may be exercised on behalf of such mortgagee by any representative or servicing agent of such mortgagee. 
 (d) Person. The word person is used herein to include a natural person, a partnership, a corporation, an association, and any other form of business association or entity. 

(e) Date of this Lease. The date of this Lease shall be the date upon which this Lease has been fully executed by both parties.

 (f) Index. The word index is used herein to mean the U.S. City Average Consumer Price Index for Urban Wage Earners and
Clerical Workers (revised series) 1984 = 100 issued from time to time by the Federal Bureau of Labor Statistics or any successor agency that shall issue the index or any other measure hereafter employed by the Federal Bureau of Labor Statistics or
any successor agency in lieu of such index. If there be any controversy as to the measure to be substituted, then the controversy shall be resolved by arbitration. The arbitrators shall be guided by the intention of the parties hereto to modify the
minimum annual rent to reflect upward changes in the cost of living. The fees and expenses of arbitration shall be borne by Landlord and Tenant. 
 (g) Lot. The metes and bounds description of the Lot is set forth in Exhibit G attached hereto. 

  
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 (h) Proportionate Share. Tenant’s proportionate share of the Operating
Expenses, any Imposition and 
 any other cost, charge, rent, expense or payment herein designated as additional rent shall be calculated,
unless otherwise specified, by multiplying the relevant sum by a fraction, the numerator of which shall be the square foot area of the Premises and the denominator of which shall be the square foot area of the Building as set forth in Article 1
hereof, which is 75.62%. 
 (i) “Lease Year”. The “first lease year” shall be the twelve
(12) month period commencing on the Commencement Date, if the Commencement Date is the first day of a calendar month or, if the Commencement Date is other than on the first day of a calendar month, the period commencing on the Commencement Date
and continuing through the last day of the twelfth full calendar month thereafter. Each “lease year” after the first lease year shall be a consecutive twelve (12) month period commencing on the first day of the calendar month
immediately following the preceding lease year. 
 34. Notices. All notices, demands, requests, consents, certificates
and waivers required or permitted hereunder from either party to the other shall be in writing and sent by United States certified mail, return receipt requested, postage prepaid. Notices to Tenant shall be addressed to FARO Technologies, Inc, 250
Technology Park, Lake Mary, FL 32746. and, after the Commencement Date, to the Premises. Notices to Landlord shall be addressed to 290 National Road LP ,10 Woodford Lane, Malvern, PA 19355, with a copy to any mortgagee or other party designed by
Landlord. Either party may at any time, in the manner set forth for giving notices to the other, specify a different address to which notices to it shall be sent. 
 35. Security Deposit. At the time of signing this Lease Tenant shall deposit with Landlord the sum of Forty Eight Thousand Fifty Two Dollars ($48,052.33) to be retained by Landlord as cash security
for the faithful performance and observance by Tenant of the covenants, agreements and conditions of this Lease. Notwithstanding anything to the contrary contained in any law or statute now existing or hereafter passed (i) Tenant shall not be
entitled to any interest whatever on the cash security, (ii) Landlord shall not be obligated to hold the cash security in trust or in a separate account and (iii) Landlord shall have the right to commingle the cash security with its other
funds. Landlord may use, apply or retain the whole or any part of the cash security to the extent required for the payment of any minimum rent, any additional rent or any other sums payable hereunder as to which Tenant is in default or to the extent
required for the reimbursement to Landlord of any sum which Landlord may expend or may be required to expend by reason of Tenant’s default in respect to any of the covenants, agreements or conditions of this Lease which remains uncured past any
applicable notice and cure periods. If Tenant shall fully and faithfully comply with all of the covenants, agreements and conditions of this Lease, the cash security shall be returned to Tenant after the Expiration Date and surrender of the Premises
to Landlord. If the Premises are sold to a bona fide purchaser, Landlord shall have the right to transfer the aforesaid cash security to such purchaser, by which transfer Landlord shall be released from all liability and Tenant shall look solely to
the new landlord for the return thereof so long as liability for the security deposit is expressly assumed by such purchaser. 

36. Modification of Premises. In the event the size of the Premises shall be modified during the design process (or pursuant to
the re measurement procedures set forth above), the parties agree to execute an amendment to this Lease memorializing any change in the rent and in the Proportionate Share attributable to the Premises. 

Remainder of page left blank 

  
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 IN WITNESS WHEREOF, and in consideration of the mutual entry into this Lease and for
other good and valuable consideration, and intending to be legally bound, each party hereto has caused this agreement to be duly executed under seal. 
  

									
	Date signed:	 		 	Landlord:	 	
				
		 		 	290 National Road LP	 	
	June 24, 2013	 		 		 		 	
		 		 	By:    CLGW, 290 LLC., General Partner	 	
				
		 		 	    By:	 	 /s/ Charles Lyddane

		 		 		 	Member	 	
					
		 		 	    By:	 	 /s/ Gregory M. Walters
	 	
		 		 		 	Member	 	
				
	Date signed:	 		 	Tenant:	 	
				
		 		 	Faro Technologies, INC.	 	
					
	June 24, 2013	 		 		 		 	
		 		 	By:	 	 /s/ Jay Freeland

		 		 	President	 	
				
		 		 	Attest:	 	 /s/ Nancy Setteducati

		 		 		 	Secretary	 	
					
		 		 		 	 [Corporate Seal]
	 	

 Corporate Resolution and Authorization of Agency 

It is hereby certified that at a meeting of a quorum of directors of the corporation which is the Tenant herein was held on May 24, 2013 and that
it was resolved to enter into this lease and further that the officers of the corporation and                  as agent for the corporation, have been authorized,
empowered and directed in the corporate name and with the corporate seal to execute and deliver any or all documents and to pay all fees and charges necessary to carry out the entry into and compliance with this lease. 

 

	
	 /s/ Nancy Setteducati

	Secretary
	Faro Technologies, Inc.

  
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 EXHIBIT “D” 

WORK LETTER 
 290 National Road Limited Partnership (herein called Landlord) and Faro Technologies Inc. (herein called Tenant). hereby agree as follows: 

1. Tenant’s Acknowledgment of Building Shell Plans And Specifications. 

Within eight (8) weeks of the execution of the lease to which this Work Letter is attached (the “Lease”), Landlord will
deliver to the Tenant Building1 shell and land development
plans and specifications for the improvements at the Property, the standards and guidelines for work at the Building and such other structural, electrical and mechanical drawings, specifications and information (collectively, the “ Building
Shell Plans and Specifications”) describing the Building, as Tenant may reasonably require to assure itself that the improvements at the Property are sufficient to meet the Tenant’s occupancy needs and for its use in preparing the plans
and specifications to be used for the construction of interior fitout improvements and certain exterior improvements for the Premises (collectively referred to as the “Premises Plans”). Within ten (10) business days of receipt, Tenant
will acknowledge the sufficiency of the Building Shell Plans and Specifications for the purposes intended, or give Landlord notice of any deficiencies in the Building Shell Plans and Specifications. 

2. Designation of Tenant’s Construction Representative. 

Brad Lloyd shall be “Tenant’s Construction Representative.” Tenant agrees that Tenant’s Construction Representative:
(a) shall be available to meet and consult with Landlord or its designated representatives on a continuing basis during design and engineering and at the Premises during construction as Tenant’s representative concerning the matters which
are the subject of this Work Letter; and (b) shall have the power legally to bind Tenant under this Work Letter in giving direction to Landlord, in giving approval of construction documents and work, and in making requests and approvals for
changes during the construction of the Premises Fitout2
portion of the Landlord’s Work. The Tenant may from time to time designate in writing a different individual to be Tenant’s Construction Representative. 
 3. Preparation, Review and Approval of Premises Fitout Plans and Specification 
 Tenant shall consult with the Tenant’s architect, engineer, designer and such other consultants as Tenant shall deem necessary for development and completion of the Premises Plans as described in
Paragraph 1 above which shall describe the fixed improvements for the Premises Fitout containing: architectural, mechanical, electrical, plumbing and structural plans and other documents to fix and describe the size and character of the elements of
the Premises Fitout described in the Basis of Design (BOD) dated July , 2012 prepared by the Tenant’s architect and engineer including walls, ceilings, finishes and the mechanical, electrical, plumbing and other systems and components to be
located in the interior and on the exterior of the Premises. 
  

	1 	Capitalized terms not defined herein shall be given the same meaning as defined in the Lease. 

	2 	Defined more fully in Paragraph 9 below. 

 (a) Design Development Documents - Subject to the procedural requirements set forth
in subparagraph 3(c) and subject to receipt by the Tenant of the Building Shell Plans and Specifications, within sixteen (16) weeks of the execution of the Lease, Tenant will deliver to Landlord the Premises Plans. Tenant shall cause to be
prepared and delivered to Landlord for its review and comment one (1 ) set of “Design Development Documents” to implement the Premises Plans prepared by Tenant’s consultants. 

(b) Construction Documents - Subject to the procedural requirements set forth in subparagraph 3(c) and subject to receipt by the
Tenant of the Building Shell Plans and Specifications, within twenty-four (24) weeks of the execution of the Lease, Tenant shall cause to be prepared and delivered to Landlord one (1) set of complete and final “Construction
Documents” for the Premises Fitout consisting of working drawings and specifications, as approved by Tenant for the permitting and construction of the Premises Fitout by Landlord for Tenant’s occupancy. The furniture, fixtures and
equipment improvements and any other improvements to be supplied and installed by the Tenant (collectively, the “Tenant Improvement Work”) shall be described in separate plans and specifications and shall also be supplied by the Tenant
simultaneously to the Landlord for its information. All other work not so described shall be considered the responsibility of the Landlord (collectively, “Landlord’s Work”). These Construction Documents as approved by the Tenant and
reviewed by the Landlord in accordance with the procedural requirements set forth in subparagraph 3(c) below shall be considered to be “Issued for Construction.” 
 (c) Landlord Review and Comments. Tenant shall submit for Landlord’s review and comment the Design Development Documents and Construction Documents for the Premises Fitout and the Tenant
Improvement Work. The review by Landlord of the Design Development Documents and Construction Documents shall be subject to the following procedural requirements: 
 (i) Landlord shall, within five (5) business days after its receipt of the applicable documents, review the same, and return the same to Tenant with comments and suggestions. 

(ii) With respect to any modifications to the Building shell set forth in the Tenant’s plans and specification submissions
described in 3a and 3b: (A) if and to the extent that in the opinion of the Landlord the Tenant’s plans or specifications involve any modification to the Building shell’s structural, mechanical, electrical or plumbing systems or
components or create issues of life and safety of the occupants, or involve cost in excess of Landlord’s budget for construction of the Building shell, then such approval may be withheld by Landlord in its absolute and sole discretion and
(B) if and to the extent that the modifications, in Landlord’s sole judgment, do not involve modification to such systems, components or safety, or involve cost in excess of Landlord’s budget for construction of the Building, such
approval shall not be unreasonably withheld or delayed by Landlord. Upon receipt of such a request for changes from the Landlord, the Tenant Agrees to make changes and modifications to the plans and specifications in response to the Landlord’s
request for changes within five (5) business days and return them promptly to the Landlord. Notwithstanding the foregoing, except for issues of life and safety of the occupants, or in the event of inordinate delay as determined by Landlord in
its sole opinion, if Tenant shall pay all costs in excess of Landlord’s budget for construction of the Building Shell in a manner satisfactory to Landlord, and subject to the approval of Landlord’s lender, Landlord agrees to not to
unreasonably withhold approval Tenant’s plans and specifications. 

  
 2 

 (d) The scope of Landlord’s review of the portion of the Tenant’s plans and
specifications shall be for general compatibility with Building components only and shall not, in any manner, be deemed review for compliance with federal, state or local governmental authority or agency laws, codes and regulations (including,
without limitation, the ADA and regulations thereunder), for completeness, for constructability, for availability of materials specified, or for suitability for the purposes intended, all of which shall remain the responsibility of Tenant. Such
review by Landlord shall not, in any manner, relieve Tenant of its obligation to provide to Landlord such complete plans and specifications in a timely manner to enable Landlord to complete the Landlord’s Work. 

4. Tenant Delays. 
 Each of the following shall constitute a “Tenant Delay” (collectively, “Tenant Delays”): 
 (a) Tenant’s failure to deliver plans, specification, revisions, comments, requests or information as provided in Article 3 hereof, or any failure by Tenant to furnish any required notice, plan,
drawing, information, approval or consent within any respective required time period as set forth in this Exhibit “D” or elsewhere in the Lease. 
 (b) Delays in furnishing materials, services, supplies, labor or components required by the Tenant. 
 (c) Delays caused by the performance of any work or activity in the Premises by Tenant or any of its employees, agents, or contractors. 

(d) The inclusion of any item in Landlord’s Work or the Tenant Improvement Work required by Tenant: (i) which is required for
the issuance of a temporary or permanent Certificate of Occupancy for the Premises, but is not obtainable (or is not actually delivered) by the dates specified by Landlord in the Construction Schedule (as defined below) to permit Substantial
Completion (as defined below) or (ii) which results in delays in obtaining a building permit or any other permit or authorization required for the performance of Landlord’s Work or the Tenant Improvement Work or a temporary or permanent
Certificate of Occupancy for the Premises. Landlord shall prepare and submit to Tenant, a schedule (the “Construction Schedule”) on which Landlord shall designate the dates by which various items included in the Landlord’s Work and
the Tenant Improvement Work must be delivered for inclusion in the Landlord’s Work and the Tenant Improvement Work. The period of any Tenant Delay pursuant to this subparagraph 4(e) shall be the period of time from the date on which any item
should have been delivered to satisfy the Construction Schedule and the date on which such item is actually delivered for inclusion in the Landlord’s Work and the Tenant Improvement Work. 

(e) A failure by Tenant timely to pay Landlord any amounts which Tenant is obligated to pay to Landlord pursuant to subparagraph 8(b)
below. 
 (f) Any other default by Tenant of any of its obligations under this Lease. 

  
 3 

 5. Bidding/Pricing of Landlord’s Work and Contractor selections 

The bidding and/or pricing process and award of the contract for construction shall be as set forth below: 

(a) Selection of General Contractor. The selection of the general contractor who shall perform the improvements at the Property
shall be determined solely by Landlord. Said Contractor (the “Landlord’s Contractor”) shall be retained by Landlord to perform the Landlord’s Work under such terms and conditions as Landlord shall deem appropriate for the proper
and expeditious prosecution of the Building shell and Premises Fitout (as defined in Paragraph 9 below). 
 (b) Cost
Estimating. During the preparation of the Premises Fitout Plans the Landlord’s Contractor will act as a construction manager advising the Landlord and Tenant on matters of constructability and cost. The Landlord’s Contractor will
prepare estimates of cost at various times during the process for the review and use by the Tenant and Landlord in a preliminary determination of the cost and budgeting of the Premises Fitout. The Tenant will be responsible through its consultants
or materialmen for establishing the cost of the items of Work contained in the Tenant Improvement Work. 
 (c) Selection of
Bidders for Landlord’s Work for Premises Fitout. During the preparation of the Premises Fitout Plans and prior to bidding, the Landlord will instruct the Landlord’s Contractor to prepare a list of qualified subcontractors and
materialmen from which to obtain bids and pricing for the Work. The list will include a minimum of three (3) qualified subcontractors per category or division of work. Landlord shall deliver to Tenant the listing of prospective subcontractors
for purposes of constructing the Premises Fitout. Tenant may also submit to Landlord a list of proposed qualified subcontractors and materialmen for purposes of obtaining bids for constructing the Premises Fitout .Such listings shall be subject to
the joint comments and approval of Landlord and Tenant who will mutually agree on the selections. The bidding process shall be administered by Landlord. The final selection of qualified bidders will be mutually determined by the Landlord and Tenant.

 (i) Tenant shall, within five (5) business days after its receipt of the list of bidders, review and approve the same,
or return the same to Landlord with requested modifications deletions or additions. 
 (d) Review of Bids. The Landlord
will cause the Landlord’s Contractor to prepare a final cost estimate document based on the detailed bids for the Premises Fitout. The bids will be made available to the Tenant for its review and comment with the final cost estimate. The final
cost estimate shall be used by the Tenant and Landlord as the basis for award and the selection of the subcontractors and materialmen to perform the Premises Fitout. Said subcontractors and materialmen shall be retained by the Landlord’s
Contractor on behalf of Landlord under such terms and conditions as are appropriate for the proper and expeditious prosecution of the Premises Fitout. Landlord reserves the right to negotiate the cost with any and all bidders in order to achieve the
best price for the Work. 
 6. Performance of Landlord’s Work. 

(a) The portion of the Work to be performed by Landlord is to be done by Landlord’s Contractor. 

(b) Landlord with the Landlord’s Contractor shall supervise, oversee, schedule and coordinate the performance of the Landlord’s
Work. Landlord may (a) make 

  
 4 

 
substitutions of material or components of equivalent grade and quality when and if any specified material or component shall not be readily or reasonably available, and (b) make changes to
the work necessitated by conditions met in the course of construction, provided that if any change is material and substantial in nature, then Tenant’s approval of such change shall first be obtained (which approval shall not be unreasonably
withheld or delayed so long as there shall be general conformity with the Construction Documents). 
 (c) With respect to the
Landlord’s Work, the term “Substantial Completion” or “Substantially Complete” shall mean that state of completion of Landlord’s Work which will allow Tenant to install the Tenant Improvement Work, and in addition:

 (i) reasonable means of access to the Premises, during ordinary business hours, shall be available to Tenant; and

 (ii) utilities and all other facilities, other than the facilities to be installed by Tenant, necessary to Tenant’s use
and occupancy of the Premises (including, but not limited to, heating, ventilation, air-conditioning, lavatories and electrical facilities) shall have been installed and shall be operational and available to Tenant in reasonable quantities. Said
facilities shall not be deemed to be unavailable if only minor or insubstantial details of construction, decoration or mechanical adjustment remain to be done. The foregoing minor or insubstantial details are referred to in this Work Letter as
“Punchlist Items”. It is further agreed that Tenant shall be provided with an As-built Records Document and an Operations and Maintenance Manual. 
 (d) The term “Substantial Completion Date” shall mean the earlier of: (i) the date on which the Landlord’s Work and the Tenant Improvement Work is Substantially Complete or
(ii) the date that the Landlord’s Work and the Tenant Improvement Work is Substantially Complete, less a period equal to the aggregate duration of all Tenant Delays. 
 7. Performance of Tenant Improvement Work. 
 (a) Tenant shall, in good and
workmanlike manner, cause the Tenant Improvement Work to be completed by a contractor chosen by the Tenant (the Tenant’s Contractor) in accordance with the Construction Documents. In performing such Tenant Improvements, Tenant shall comply with
the provisions of Article 18 of the Lease. Landlord’s representatives may visit the Premises or the Building at intervals appropriate to the stage of construction of the Tenant Improvement Work so as to become familiar with the progress of such
work. 
 (b) The basis for award and the selection of the contractor(s) to perform the Tenant Improvement Work shall be
determined solely by Tenant. The Tenant’s Contractor shall be retained by Tenant under such terms and conditions as Tenant shall deem appropriate for the proper and expeditious prosecution of the Tenant Improvement Work; provided, however,
Tenant’s Contractor shall be subject to the various rules and restrictions of Landlord affecting building operations, tenant occupancy, clean-up, safety, coordination and insurance issues. 

(c) The work shall be performed by responsible contractors approved in advance by Landlord. Any such contractor shall not, in
Landlord’s opinion, prejudice Landlord’s relationship with Landlord’s contractors or subcontractors or the relationship between such contractors and their subcontractors or employees, or disturb harmonious labor relations in the
Building. The approved contractors and consultants shall furnish in advance and maintain in 

  
 5 

 
effect workers’ compensation insurance in accordance with statutory requirements and comprehensive general public liability insurance in accordance with the Exhibit E Insurance Requirements,
attached to the Lease naming Landlord, Landlord’s mortgagee and others as required, and (if reasonably required by Landlord) Landlord’s contractors and subcontractors then performing work in the Building, as additional insured parties with
limits satisfactory to Landlord, and who shall deliver releases of liens signed by Tenant’s Contractors and all subcontractors and materialmen for all work that has been performed and paid for to date each time that a draw is paid under the
applicable contract. In addition, the provisions of Article 18 of the Lease regarding mechanics liens shall apply to the Tenant Improvement Work. In the event of an inconsistency between this paragraph 7 (c) and Article 18 of the Lease, the
more strict provision shall prevail. 
 (d) No such work shall be performed in such manner or at such times as to interfere with
any work being done by any of Landlord’s or any of Tenant’s contractors and subcontractors in the Premises or in the Building generally. Landlord shall, however, endeavor to allow Tenant access for such work at reasonable times and at the
earliest time consistent with the restrictions of this paragraph 7. Each of Tenant’s contractors shall be subject to the reasonable decisions of Landlord as to such matters, but Landlord shall not be responsible for any aspect of the work
performed by Tenant’s contractors or for the coordination of the work of Tenant’s contractors with Landlord’s contractors and subcontractors. 
 (e) Tenant shall be solely responsible for (i) the transportation, safekeeping and storage of materials and equipment used in the performance of work by its contractors, subcontractors, architects
and engineers, (ii) for the removal of waste and debris resulting therefrom, (iii) for defects (latent or otherwise) left in work performed and/or improvements designed by its architects and engineers or contractors, and (iv) for any
damage caused by any of Tenant’s contractors or consultants to any work performed by Landlord’s contractors and subcontractors. Tenant shall also indemnify and hold harmless Landlord and Landlord’s mortgagee from any and all claims
arising out of Tenant’s and Tenant’s contractors’ and consultants’ actions. 
 (f) Tenant shall not contract
with any person or entity as to whom Landlord has reasonable objection. The terms and conditions of any contract for construction between Tenant and Tenant’s separate contractors shall be subject to the prior review and written approval of
Landlord prior to execution. 
 8. Tenant’s Construction Representative’s Access, Inspection and Approval.

 (a) Landlord and Tenant with their respective consultants shall make periodic joint inspections of the Premises from time to
time during construction at reasonable times on business days, and each time shall jointly approve a written statement or assessment of the status of construction, the tasks remaining to be completed and ultimately the date of Substantial
Completion. 
 (b) As to all Landlord’s Work, performed by or on behalf of Landlord prior to the Substantial Completion
Date and not objected to by Tenant in accordance with this Work Letter, it shall be conclusively deemed on the Substantial Completion Date that such work was satisfactorily performed in accordance with and meets the requirements of this Lease.
Landlord shall have no liability for work performed by Tenant’s specialty contractors or work performed by or on behalf of Landlord in accordance with the Construction Documents to the extent such work was defectively designed by Tenant’s
architects or engineers. As to any Punchlist Items, 

  
 6 

 
Landlord shall supervise the completion of such item within sixty (60) days after Tenant’s notice thereof (except for items which cannot reasonably be completed within such sixty
(60)-day period, which items shall be completed as promptly as practicable using diligent efforts thereafter). 
 9.
Landlord’s Work, and Payment by the Tenant 
 (a) The Landlord’s Work shall be divided into Building shell and
Premises Fitout work. The Landlord shall be obligated to provide a building in “Cold Dark Shell” condition ready for fitting out the Premises with any interior and exterior improvements related to the Tenant’s requirements for
manufacturing and testing labs, general office and support spaces (herein called the “Premises Fitout”). The Landlord’s Work for the Building sShell shall include all offsite improvements and site work contained in the Land
Development plans attached as an exhibit to this Lease, including but not limited to curb work and sidewalks and utility extensions to the site as necessary. Also included are the building shell structure and exterior finishes with window wall and
entry systems set and masonry knock out panels for truck dock openings on the rear of the building, perimeter walls studded and insulated on the interior, sprinkler mains hung with turned up heads, water and gas stubbed into the building, main
electrical service set, and a 5” concrete floor slab with a troweled and sealed finish. 
 (b) The Landlord’s Work for
the Premises Fitout shall include all improvements necessary to prepare the Premises for the Tenant’s use including but not necessarily limited to, the installation of HVAC units, duct work and controls, lighting and finish ceiling, partitions
and their finish, floor coverings, doors and hardware, electrical distribution, plugs and switches, restroom, plumbing, specialized concrete floor slabs related to labs, testing and manufacturing, code required life safety interior signage, fixtures
and millwork except that the work related to interior graphics, logos or directional signage, exterior signage, furniture and that portion of the fixtures, millwork and specialized equipment and fixtures, in connection with the Tenant Improvement
Work performed by the Tenant. 
 (c) Prior to the commencement of the Landlord’s Premises Fitout, The Tenant shall deliver
to Landlord an irrevocable letter of credit in the form attached hereto as Exhibit “A” (the LOC”) issued by a a reputable financial institution approved by Landlord in the amount of Two Million Two Hundred Fifty Thousand Dollars
($2,250,000) as security for payment of Landlord’s Cost (as defined below) and any Excess (as defined in item 9(d) below) to Landlord for the Premises Fitout . The Tenant shall pay to Landlord the Landlord’s Cost of the Premises Fitout not
later than thirty (30) days after receipt of Landlord’s invoice. Landlord shall invoice the Tenant for Landlord’s Cost as Landlord is invoiced by the Landlord’s Contractor The Landlord agrees to
deliver to Tenant not less than ten (10) days prior notice of Landlord’s intention to draw upon the LOC for failure of Tenant to make a required payment. As used herein, the term “Landlord’s Cost” shall mean the sum of
(i) all costs and expenses paid or incurred by Landlord for (or in connection with) the construction and completion of the Premises Fitout Work (including, without limitation, contract or purchase price(s) for materials, components, labor,
change orders, services, insurance requirements, “general conditions,” permits, and other costs incurred for Landlord to supervise, oversee, schedule, coordinate, perform and complete the Premises Fitout Work), plus
(ii) Landlord’s professional, designer, consultant, architectural and engineering fees (if applicable) and costs, including, without limitation, the cost of review, preparation and revisions to drawings and other plans relating to the
Premises Fitout Work plus (iii) legal fees incurred in connection with preparing and/or negotiating any construction contracts. 

  
 7 

 (d) The estimated cost of completion of the Premises Improvement work (“Estimated
Premises Cost’) is set forth on Exhibit “B” attached hereto. The Estimated Premises Cost shall be adjusted as necessary during the design or construction of the Premises. To the extent Landlord’s Cost is determined from time to
time (in Landlord’s reasonable judgment) to exceed the Estimated Premises Cost , Tenant shall pay such excess (“Excess”) to Landlord within thirty (30) days after Landlord presents Tenant with an invoice for any such Excess.

 (e) The cost of the Tenant Improvement Work shall be paid by the Tenant directly to Tenant’s Contractors with one
(1) copy of the Contractor’s invoice for the Work and evidence of the Tenant’s payment provided simultaneously to the Landlord. 
 10. Additional Rent. All payments to be made from Tenant to Landlord pursuant to this Work Letter are hereby deemed to be Additional Rent under the Lease. 

 

									
	Tenant’s Initial’s	 		 		 	Landlord’s Initial’s	 	
	  
	 		 		 	  
	 	

  
 8 

 EXHIBIT “D - A” 

[FORM OF LETTER OF CREDIT] 
 IRREVOCABLE LETTER OF CREDIT 
 No. 

[Date] 
 290 National Road, L.P.

 224 East Biddle Street 
 West
Chester, PA 1980 
 Dear Sir or Madam: 
 We hereby establish, effective immediately, an irrevocable letter of credit in your favor at the request and for the account of FARO Technologies, Inc. up to an aggregate amount of U.S. $2,250,000, in
favor of 290 National Road L.P., and available by your sight draft drawn on us. Partial draws are permitted. Any draw request submitted under this letter of credit shall be payable upon the following terms and conditions and when accompanied by the
following documents: 
 A signed statement by 290 National Road, L.P. (Beneficiary) indicating that the amount
drawn represents monies due under a certain Work Letter dated the      day of             , 2013 between FARO Technologies, Inc. and 290 National Road, L.P. Gregory
Walters or Charles R.A. Lyddane or any officer purporting to sign for the beneficiary may sign such statement for the beneficiary. 
 This letter of credit sets forth in full the terms of our undertaking, and such undertaking shall not in any way be modified, amended or amplified by reference to any documents, instrument or agreement
referred to herein or in which this letter of credit is referred to or to which this letter of credit relates, and any such reference shall not be deemed to incorporate herein by reference any document, instrument or agreement. 

We hereby engage with you that the drafts drawn and presented strictly in compliance with the terms of this credit will be duly honored
by us if: (i) presented at our office at 120 East Baltimore Street Baltimore MD 21202, PA; by personal delivery or by registered or certified mail or courier on or before 2:00PM on July 15, 2014. 

This letter of credit shall be automatically extended for six months from the present or any future expiration date unless sixty
(60) days prior to such expiration date we shall notify you by certified mail, return receipt requested, that we elect not to consider this letter of credit renewed for any such additional period. Upon receipt of such notice you may draw on us
by means of your draft for the remaining balance of the letter of credit accompanied by your statement that the letter of credit has not been extended. 
 Except so far as otherwise expressly stated, this credit is subject to the Pennsylvania Uniform Commercial Code and, to the extent consistent therewith, the Uniform Customs and Practice for Documentary
Credits (1993 Revision), International Chamber of Commerce Publications No. 500. 
  

			
	  
	 	Bank
	Vice President	 	

 EXHIBIT E 
 TENANT CONSTRUCTION INSURANCE REQUIREMENTS 
 The Tenant will furnish to the Landlord
certificates of insurance identifying the Additional Insureds in the Description of Operations on the certificates, and submit prior to the beginning of on-site operations. The coverage and amounts below are minimum requirements and do not establish
limits to the contractor’s or consultant’s liability. Other coverage and higher limits may be provided at the contractor’s or consultant’s option and expense. 

 

	1.	STATUTORY WORKERS’ COMPENSATION and EMPLOYER’S LIABILITY including coverage under the United States Longshoremen’s and Harbor Workers’
Compensation Act and/or Jones’ Act (if applicable), and All States Coverage. Employers’ Liability Shall be limits not less than: 

  

					
	 Bodily Injury, each Employee
	  	$	100,000	  
	 Bodily Injury, each Accident
	  	$	500,000	  
	 Disease, each Employee
	  	$	100,000	  

  

	2.	COMMERCIAL GENERAL LIABILITY To be provided on an “occurrence” basis, with coverage to include explosion, collapse and underground hazards (XCU),
Blanket Contractual, Products, Independent Contractors, Completed Operations, Personal Injury, and Employees as additional insureds, with limits not less than: 

 

			
	$1,000,000	  	Each Occurrence, Bodily Injury and Property Damage combined
	$2,000,000	  	Aggregate*
	$1,000,000	  	Personal and Advertising Injury
	$2,000,000	  	Products/Completed Operations Aggregate

  

	*	Aggregate shall apply separately to each project (aggregate not to include other projects) and must be identified as such on the certificate of insurance.

  

	3.	AUTOMOBILE LIABILITY, including the ownership, maintenance, or use of owned, non-owned, leased and hired automobiles, and including uninsured and underinsured
motorists coverage. Automobiles of Subcontractors and material suppliers must also meet the same insurance requirements if they will be used at the site. Limits shall be less than: 

 

			
	$1,000,000	  	Combined Single Limit Each Occurrence, with no Aggregate

  

	4.	EXCESS UMBRELLA LIABILITY, to provide insurance in excess of Employer’s Liability, Commercial General Liability, and Automobile Liability policies required
hereunder, on a following-form basis. 

  

			
	$5,000,000	  	Each Occurrence
	$2,000,000	  	General Policy Aggregate

 Initials: Landlord:
                         Tenant:
                     

	5.	PROFESSIONAL LIABILITY/ERRORS & OMISSIONS INSURANCE (if applicable) All contractors and consultants who will perform, or retain others to perform,
professional services in connection with the work (including, but not limited to Architects, Engineers, Consultants, Design-Building and Project/Construction Managers) shall provide Professional Liability Insurance covering negligent acts, errors,
or omissions in the performance of their work, with limits not less than: 

  

			
	$1,000,000	  	Each Claim
	$1,000,000	  	Annual Aggregate

  

	6.	CONTRACTORS POLLUTIONS LIABILITY (if applicable) All contractors and consultants who will perform environmental services (including but not limited to asbestos
or lead abatement, testing or remediation) shall provide Contrators Pollution Liability with limits not less than: 

  

			
	$1,000,000	  	Each Claim or Occurrence
	$1,000,000	  	Annual Aggregate

 The Contractors Pollution Liability policy shall include coverage for Emergency Response Costs, Contingent
Transportation, Non-Owned Disposal Sites (if applicable), and Natural Resource Damage. If coverage is written on a claims-made basis, an Extended Reporting Period, or tail coverage, shall be provided for two (2) years following completion of
the insured’s services. In the alternative, the Contractors Pollution Liability policy shall be renewed for not less than two years following completion. The policy retroactive date shall be no later than the effective date of this Agreement.

  

	7.	The Contractor or Consultant shall be responsible for and maintain property insurance coverage at their option and expense to cover tools, equipment, etc. owned or
rented, the capital value of which is not included in the cost of work. 

  

	8.	All policies are to be written by (A- VIII Rated or better) insurance companies licensed to do business in the state in which the work is to be performed.

  

	9.	All certificates are to contain substantially the following statement: “The insurance evidenced by this certificate shall not be cancelled, except after ten
(10) days prior written notice to Certificate Holder.” 

  

	10.	Commercial General Liability insurance under a “claims-made” policy is not acceptable. Coverage must be provided on an “occurrence basis.”

  

	11.	The Contractor or Consultant shall require his subcontractors, while engaged in performing work at the jobsite, to maintain identical insurance coverage and comply with
the conditions above. Contractor or Consultant shall be responsible for securing and maintaining certificates of insurance from all subcontractors and subconsultants evidencing the required insurance coverages. 

Initials: Landlord:                     
    Tenant:                      

	12.	Each Certificate of Liability Insurance from the Tenants consultants, contractors and vendors shall include this Additional Insureds statement to be entered into the
Description of Operations section of the certificate: 

 “The Walters Company, 290 National Road, LLC, and
their partnerships, and each of their respective officers, directors, agents, shareholders, partners, and employees are to be named as “additional insured” on a primary and noncontributory basis on all liability insurance except
Employers’ Liability and Professional Liability. Additional insured status shall apply to General Liability Completed Operations coverage. 
 All policies, including Workers’ Compensation, shall provide for a waiver of subrogation in favor of the additional insured parties”. 
 Initials: Landlord:                          Tenant:
                     

 EXHIBIT F 
 TERM COMMENCEMENT AGREEMENT 
 THIS AGREEMENT made as of
            , 200    , between the following parties (“Landlord” and “Tenant”, respectively): 

 

			
	LANDLORD:	 	290 National Road, L.P.
		
	TENANT:	 	Faro Technologies, Inc

 RECITALS 
 A. By lease dated                  , 2014 (the “Lease”), Landlord leased to Tenant certain premises
described in the Lease consisting of 68,240 square feet in the building numbered and known as 290 National Road, West Whiteland Township, Chester County, PA (the “Premises”). 

NOW, THEREFORE, Landlord and Tenant agree as follows: 
 1. The Commencement Date of the Lease is             , 20    . 

2. Nothing in this Term Commencement Agreement is intended to change or modify the rights of the parties under the Lease. 

IN WITNESS WHEREOF, Landlord and Tenant have caused this Term Commencement Agreement to be executed as of the date first above written.

  

			
	290 NATIONAL ROAD, L.P.
		
	By:	 	CLGW 290, LLC., General Partner
		
	By::	 	  

	
	FARO TECHNOLOGIES, INC.
		
	By:	 	  

 

			
		
	Attest:	 	  

 Initials Landlord:
                         Tenant:
                     

  
 - 1 -

 EXHIBIT F-1 
 RENT INCREASE SCHEDULE 
 290 National Road, Exton Pennsylvania 

 

													
	Lease Year	  	Rent	 	  	Increase	 	 	Next Year’s Rent	 
				
	 1
	  	$	8.45	  	  	 	3	% 	 	$	8.70	  
				
	 2
	  	$	8.70	  	  	 	3	% 	 	$	8.96	  
				
	 3
	  	$	8.96	  	  	 	3	% 	 	$	9.23	  
				
	 4
	  	$	9.23	  	  	 	3	% 	 	$	9.51	  
				
	 5
	  	$	9.51	  	  	 	3	% 	 	$	9.80	  
				
	 6
	  	$	9.80	  	  	 	3	% 	 	$	10.09	  
				
	 7
	  	$	10.09	  	  	 	3	% 	 	$	10.39	  
				
	 8
	  	$	10.39	  	  	 	3	% 	 	$	10.70	  
				
	 9
	  	$	10.70	  	  	 	3	% 	 	$	11.03	  
				
	 10
	  	$	11.03	  	  				 			

 This schedule is for the initial term of the Lease. 

 EXHIBIT G 
 All that certain lot or piece of ground situate in West Whiteland Township, County of Chester, Commonwealth of Pennsylvania bounded and described according to a Plan of Property for Wolfson-Verrichia
Group Inc. made by Bohler Engineering Inc. dated 6/1/1997 last revised 4/8/98 and recorded in Chester County as Plan 14551, as follows to wit: 

BEGINNING at a point on the North side of the Pa State Highway Route 30 By-Pass, said point being the southwesterly corner of lot 1 on said plan and
the southeasterly corner of the about to be described lot; thence from the point of beginning and along the Route 30 By-Pass the four following courses and distances (1) South 70 degrees 50 minutes 08 seconds West 49.64 feet (2) South 18
degrees 05 minutes 32 seconds East 64.01 feet (3) South 70 degrees 30 minutes 18 seconds West 947.76 feet (4) South 73 degrees 21 minutes 11 seconds West 53.61 feet, thence North 08 degrees 36 minutes 04 seconds West 160.38 feet to a point
on the south side of National Road, thence along the same and through the bed of a cul de sac, North 81 degrees 23 minutes 56 seconds East 154.95 feet to a point, thence North 08 degrees 36 minutes 04 seconds West partly along the west side of a
sanitary sewer easement 430.02 feet to a point, thence North 34 degrees 13 minutes 18 seconds East 429.21 feet to a point in line of a Penn Dot Mitigation lot, thence along the same the two following courses and distances (1) South 71 degrees
25 minutes 16 seconds East crossing the aforesaid sanitary sewer easement 450 feet (2) 
 North 71 degrees 42 minutes 05 seconds
East 87.46 feet to a point in line of lot 1, thence along the same, South 19 degrees 37 minutes 51 seconds East 464.09 feet to the first mentioned point and place of beginning 
 Being Lot 2 on said Plan 
  

					
	Tenant’s Initials	 		 	Landlord’s InitialsEX-10.1

 Exhibit 10.1 
 FORM OF 
 CONTINGENT VALUE RIGHTS AGREEMENT 

by and between 
 COMMUNITY HEALTH SYSTEMS, INC. 
 and 

[TRUSTEE] 

Dated as of [—] 

 TABLE OF CONTENTS 

 

							
	 	    	 	  	Page	 
		
	 ARTICLE 1 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	  
	 SECTION 1.1
	    	 Definitions
	  	 	1	  
	 SECTION 1.2
	    	 Compliance and Opinions
	  	 	7	  
	 SECTION 1.3
	    	 Form of Documents Delivered to Trustee
	  	 	8	  
	 SECTION 1.4
	    	 Acts of Holders
	  	 	8	  
	 SECTION 1.5
	    	 Notices, etc., to Trustee and Company
	  	 	10	  
	 SECTION 1.6
	    	 Notice to Holders; Waiver
	  	 	10	  
	 SECTION 1.7
	    	 Conflict with the Trust Indenture Act
	  	 	10	  
	 SECTION 1.8
	    	 Effect of Headings and Table of Contents
	  	 	10	  
	 SECTION 1.9
	    	 Benefits of Agreement
	  	 	10	  
	 SECTION 1.10
	    	 Governing Law; Jurisdiction; Venue; Waiver of Jury Trial
	  	 	11	  
	 SECTION 1.11
	    	 Legal Holidays
	  	 	12	  
	 SECTION 1.12
	    	 Separability Clause
	  	 	12	  
	 SECTION 1.13
	    	 No Recourse Against Others
	  	 	12	  
	 SECTION 1.14
	    	 Counterparts
	  	 	12	  
	 SECTION 1.15
	    	 Acceptance of Trust
	  	 	12	  
	 SECTION 1.16
	    	 Termination
	  	 	12	  
		
	ARTICLE 2 SECURITY FORMS	  	 	13	  
	 SECTION 2.1
	    	 Forms Generally
	  	 	13	  
		
	ARTICLE 3 THE SECURITIES	  	 	13	  
	 SECTION 3.1
	    	 Title and Payment Terms
	  	 	13	  
	 SECTION 3.2
	    	 Registrable Form
	  	 	15	  
	 SECTION 3.3
	    	 Execution, Authentication, Delivery and Dating
	  	 	15	  
	 SECTION 3.4
	    	 Intentionally Omitted
	  	 	16	  
	 SECTION 3.5
	    	 Registration, Registration of Transfer and Exchange
	  	 	16	  
	 SECTION 3.6
	    	 Mutilated, Destroyed, Lost and Stolen Securities
	  	 	17	  
	 SECTION 3.7
	    	 Payments with Respect to CVR Certificates
	  	 	17	  
	 SECTION 3.8
	    	 Persons Deemed Owners
	  	 	17	  
	 SECTION 3.9
	    	 Cancellation
	  	 	17	  
	 SECTION 3.10
	    	 CUSIP Numbers
	  	 	18	  
		
	ARTICLE 4 THE TRUSTEE	  	 	18	  
	 SECTION 4.1
	    	 Certain Duties and Responsibilities
	  	 	18	  
	 SECTION 4.2
	    	 Certain Rights of Trustee
	  	 	19	  
	 SECTION 4.3
	    	 Notice of Breach
	  	 	20	  
	 SECTION 4.4
	    	 Not Responsible for Recitals or Issuance of Securities
	  	 	20	  
	 SECTION 4.5
	    	 May Hold Securities
	  	 	20	  
	 SECTION 4.6
	    	 Money Held in Trust
	  	 	20	  
	 SECTION 4.7
	    	 Compensation and Reimbursement
	  	 	21	  

  
 i 

							
	 SECTION 4.8
	    	 Disqualification; Conflicting Interests
	  	 	21	  
	 SECTION 4.9
	    	 Corporate Trustee Required; Eligibility
	  	 	22	  
	 SECTION 4.10
	    	 Resignation and Removal; Appointment of Successor
	  	 	22	  
	 SECTION 4.11
	    	 Acceptance of Appointment of Successor
	  	 	23	  
	 SECTION 4.12
	    	 Merger, Conversion, Consolidation or Succession to Business
	  	 	23	  
	 SECTION 4.13
	    	 Preferential Collection of Claims Against Company
	  	 	24	  
		
	 ARTICLE 5 HOLDERS’ LISTS AND REPORTS BY THE TRUSTEE AND COMPANY
	  	 	24	  
	 SECTION 5.1
	    	 Company to Furnish Trustee with Names and Addresses of Holders
	  	 	24	  
	 SECTION 5.2
	    	 Preservation of Information; Communications to Holders
	  	 	24	  
	 SECTION 5.3
	    	 Reports by Trustee
	  	 	25	  
	 SECTION 5.4
	    	 Reports by Company
	  	 	25	  
		
	 ARTICLE 6 AMENDMENTS
	  	 	26	  
	 SECTION 6.1
	    	 Amendments without Consent of Holders
	  	 	26	  
	 SECTION 6.2
	    	 Amendments with Consent of Holders
	  	 	26	  
	 SECTION 6.3
	    	 Execution of Amendments
	  	 	27	  
	 SECTION 6.4
	    	 Effect of Amendments; Notice to Holders
	  	 	27	  
	 SECTION 6.5
	    	 Conformity with Trust Indenture Act
	  	 	27	  
	 SECTION 6.6
	    	 Reference in Securities to Amendments
	  	 	27	  
		
	 ARTICLE 7 COVENANTS
	  	 	28	  
	 SECTION 7.1
	    	 Payment of Amounts, if any, to Holders
	  	 	28	  
	 SECTION 7.2
	    	 Maintenance of Office or Agency
	  	 	28	  
	 SECTION 7.3
	    	 Money for Security Payments to Be Held in Trust
	  	 	29	  
	 SECTION 7.4
	    	 Certain Purchases and Sales
	  	 	29	  
	 SECTION 7.5
	    	 Books and Records
	  	 	29	  
	 SECTION 7.6
	    	 Listing of CVRs
	  	 	29	  
	 SECTION 7.7
	    	 Existing Litigation
	  	 	30	  
	 SECTION 7.8
	    	 Notice of Breach
	  	 	30	  
	 SECTION 7.9
	    	 Non-Use of Name
	  	 	30	  
		
	 ARTICLE 8 REMEDIES OF THE TRUSTEE AND HOLDERS IN THE EVENT OF BREACH
	  	 	30	  
	 SECTION 8.1
	    	 Breach Defined; Waiver of Breach
	  	 	30	  
	 SECTION 8.2
	    	 Collection by the Trustee; the Trustee May Prove Payment Obligations
	  	 	31	  
	 SECTION 8.3
	    	 Application of Proceeds
	  	 	33	  
	 SECTION 8.4
	    	 Suits for Enforcement
	  	 	33	  
	 SECTION 8.5
	    	 Restoration of Rights on Abandonment of Proceedings
	  	 	33	  
	 SECTION 8.6
	    	 Limitations on Suits by Holders
	  	 	34	  
	 SECTION 8.7
	    	 Unconditional Right of Holders to Receive Payment
	  	 	34	  
	 SECTION 8.8
	    	 Powers and Remedies Cumulative; Delay or Omission Not Waiver of Breach
	  	 	34	  
	 SECTION 8.9
	    	 Control by Holders
	  	 	35	  

  
 ii 

							
	 SECTION 8.10
	    	 Waiver of Past Breaches
	  	 	35	  
	 SECTION 8.11
	    	 The Trustee to Give Notice of Breach, But May Withhold in Certain Circumstances
	  	 	35	  
	 SECTION 8.12
	    	 Right of Court to Require Filing of Undertaking to Pay Costs
	  	 	36	  
		
	 ARTICLE 9 CONSOLIDATION, MERGER, SALE OR CONVEYANCE
	  	 	36	  
	 SECTION 9.1
	    	 Successor Person Substituted
	  	 	36	  
	 SECTION 9.2
	    	 Opinion of Counsel to the Trustee
	  	 	37	  
	 SECTION 9.3
	    	 Successors
	  	 	37	  
		
	 ARTICLE 10 SUBORDINATION
	  	 	38	  
	 SECTION 10.1
	    	 Agreement to Subordinate
	  	 	38	  
	 SECTION 10.2
	    	 Liquidation; Dissolution; Bankruptcy
	  	 	38	  
	 SECTION 10.3
	    	 When Distribution Must be Paid Over
	  	 	38	  
	 SECTION 10.4
	    	 Notice by the Company
	  	 	39	  
	 SECTION 10.5
	    	 Subrogation
	  	 	39	  
	 SECTION 10.6
	    	 Relative Rights
	  	 	39	  
	 SECTION 10.7
	    	 Subordination May Not be Impaired by the Company
	  	 	39	  
	 SECTION 10.8
	    	 Distribution or Notice to the Representative
	  	 	39	  
	 SECTION 10.9
	    	 Rights of the Trustee
	  	 	40	  
	 SECTION 10.10
	    	 Authorization to Effect Subordination
	  	 	40	  
	 SECTION 10.11
	    	 Amendments
	  	 	40	  
	 SECTION 10.12
	    	 Subordination Language to be Included in the Securities
	  	 	40	  

 Annex A – Form of CVR Certificate 
 Note: This table of contents shall not, for any purpose, be deemed to be a part of this CVR Agreement. 

  
 iii

 Reconciliation and tie between Trust Indenture Act of 1939 and Contingent Value Rights
Agreement, dated as of [—]. 
  

			
	 Trust Indenture Act Section
	 	 Agreement Section

		 	

 Note: This reconciliation table shall not, for any purpose, be deemed to be a part of this CVR Agreement. 

  
 iv 

 THIS CONTINGENT VALUE RIGHTS AGREEMENT, dated as of
[—]1
(this “CVR Agreement”), by and between Community Health Systems, Inc., a Delaware corporation (the “Company”), and [—], a
[—], as trustee (the “Trustee”), in favor of each person who from time to time holds one or more Contingent Value Rights (the “Securities” or “CVRs”
and, each individually, a “Security” or a “CVR”) to receive cash payments in the amounts and subject to the terms and conditions set forth herein. 

W I T N E S S E T H: 

WHEREAS, this CVR Agreement is entered into pursuant to the Agreement and Plan of Merger, dated as of July 29, 2013 (the
“Merger Agreement”), by and among the Company, FWCT-2 Acquisition Corporation, a Delaware corporation and a wholly owned Subsidiary of the Company (“Merger Sub”), and Health Management Associates, Inc., a Delaware
corporation (“HMA”); 
 WHEREAS, pursuant to the Merger Agreement, Merger Sub shall merge with and into HMA
(the “Merger”), with HMA being the surviving corporation in the Merger and becoming a wholly owned Subsidiary of the Company; 
 WHEREAS, the CVRs shall be issued in accordance with and pursuant to the terms of the Merger Agreement; and 
 WHEREAS, a registration statement on Form S-4 (No. 333-[—]) (the “Registration Statement”) with respect to the CVRs has been prepared and
filed by the Company with the Commission (as defined below) and has become effective in accordance with the Securities Act of 1933, as amended (the “Securities Act”). 

NOW, THEREFORE, in consideration of the foregoing premises and the consummation of the transactions contemplated by the Merger Agreement,
it is covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities, as follows: 
 ARTICLE
1 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

SECTION 1.1 Definitions. For all purposes of this CVR Agreement, except as otherwise expressly provided or unless the context
otherwise requires: 
 (a) the terms defined in this ARTICLE1 have the meanings assigned to them in this Article, and include
the plural as well as the singular; 
 (b) all accounting terms used herein and not expressly defined herein shall, except as
otherwise noted, have the meanings assigned to such terms in accordance with applicable Accounting Standards, where “Accounting Standards” means generally accepted accounting principles in the United States, consistently applied;

  

	1 	Note to Draft: To be dated as of the closing date of the merger. 

 (c) all capitalized terms used in this CVR Agreement without definition shall have the
respective meanings ascribed to them in the Merger Agreement; 
 (d) all other terms used herein which are defined in the Trust
Indenture Act (as defined herein), either directly or by reference therein, have the respective meanings assigned to them therein; and 
 (e) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this CVR Agreement as a whole and not to any particular
Article, Section or other subdivision. 
 “Act” shall have the meaning set forth in SECTION 1.4 of this CVR
Agreement. 
 “Acting Holders” means, at the time of determination, Holders of at least thirty percent
(30%) of the Outstanding Securities. 
 “Affiliate” of any specified Person means any other Person
directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to
direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to
the foregoing. 
 “Board of Directors” means the board of directors of the Company or any other body performing
similar functions, or any duly authorized committee of that board. 
 “Board Resolution” means a copy of a
resolution certified by the Chairman of the Board of Directors, the Chief Executive Officer or the Secretary to the Board of Directors, to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such
certification, and delivered to the Trustee. 
 “Breach” shall have the meaning set forth in SECTION 8.1 of
this CVR Agreement. 
 “Breach Interest Rate” means a per annum rate equal to the prime rate of interest quoted
by Bloomberg, or a similar reputable data source, plus three percent (3%), calculated daily on the basis of a three hundred sixty-five (365) day year or, if lower, the highest rate permitted under applicable Law. 

“Business Day” means any day (other than a Saturday or a Sunday) on which banking institutions in The City of New York,
New York are not authorized or obligated by Law or executive order to close and, if the CVRs are listed on a national securities exchange, electronic trading network or other suitable trading platform, such exchange, electronic network or other
trading platform is open for trading. 
 “Code” means the Internal Revenue Code of 1986, as amended.

 “Commission” means the Securities and Exchange Commission, as from time to time constituted, created under
the Exchange Act, or if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 

  
 2 

 “Company” means the Person named as the “Company” in the first
paragraph of this CVR Agreement, until a successor Person shall have become such pursuant to the applicable provisions of this CVR Agreement, and thereafter “Company” shall mean such successor Person. 

“Company Group” means the Company and its Subsidiaries. 

“Company Request” or “Company Order” means a written request or order signed in the name of the Company
by the chairman of the Board of Directors, the Chief Executive Officer, a president or any vice president, the General Counsel, or any other person duly authorized to act on behalf of the Company for such purpose or for any general purpose, and
delivered to the Trustee. 
 “Corporate Trust Office” means the office of the Trustee at which at any
particular time its corporate trust business shall be principally administered, which office at the date of execution of this CVR Agreement is located at [—]. 

“CVRs” shall have the meaning set forth in the Preamble of this CVR Agreement. 

“CVR Agreement” means this instrument as originally executed and as it may from time to time be supplemented or amended
pursuant to the applicable provisions hereof. 
 “CVR Certificate” means a certificate representing any of the
CVRs. 
 “CVR Payment Amount” means $1.00 in cash per CVR; provided, however, that if the
aggregate amount of Losses as of the Payment Event Date exceeds $18,000,000 (the “Deductible”), the CVR Payment Amount shall be reduced by an amount equal to the quotient obtained by dividing: (a) the product of (i) all
Losses in excess of the Deductible and (ii) 90%; by (b) the number of Outstanding Securities on the Payment Event Date; provided, that the CVR Payment Amount shall not be reduced to an amount below zero. All payments of the CVR
Payment Amount shall be made without interest thereon and less any applicable withholding of Taxes. In no event shall the Company be obligated to pay the CVR Payment Amount on more than one occasion. 

“CVR Payment Date” means the date on which the CVR Payment Amount is payable by the Paying Agent to the Holders, which
date shall be established pursuant to SECTION 3.1(e). 
 “DOJ” means the U.S. Department of Justice.

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Existing Litigation” means any litigation, investigation (whether formal or informal, including subpoenas), or other
action or proceeding involving the HHS-OIG, the DOJ, the Commission or any other Governmental Entity, relating to whether HMA or any of its Affiliates violated any Law, and any civil litigation or other action or proceeding, including any
shareholder or derivative action or proceeding, arising out of or relating to the foregoing, in each 

  
 3 

 
case existing on or prior to the date of the Merger Agreement; provided that Existing Litigation shall not include any such litigation, investigation or other action or proceeding involving only
individuals or entities other than HMA unless HMA is required to indemnify Losses incurred by such individuals or entities. For the avoidance of doubt, for purposes of this definition, the Company and its Subsidiaries shall not be considered
Affiliates of HMA. 
 “Final Resolution” means (i) receipt of written confirmation from each applicable
Governmental Entity that it has closed its investigation into HMA with respect to the Existing Litigation; or (ii) resolution of the Existing Litigation pursuant to a written settlement agreement, consent decree or other final non-appealable
judgment by a court of competent jurisdiction. 
 “Governmental Entity” means any domestic (federal or state),
or foreign court, commission, governmental body, regulatory or administrative agency or other political subdivision thereof. 

“HHS-OIG” means the U.S. Department of Health and Human Services Office of Inspector General. 

“HMA” shall have the meaning set forth in the Recitals of this CVR Agreement. 

“Holder” means a Person in whose name a Security is registered in the Security Register. 

“Junior Obligations” shall have the meaning set forth in SECTION 10.1. 

“Law” means any foreign, federal, state, local or municipal laws, rules, judgments, orders, regulations, statutes,
ordinances, codes, decisions, injunctions, decrees, international treaties and conventions or requirements of any Governmental Entity. 
 “Losses” means the amount of all losses, damages, costs, fees and expenses (including, without limitation, attorneys fees and expenses), and all fines, penalties, settlement amounts,
indemnification obligations and other liabilities, in each case arising out of or relating to the Existing Litigation that are paid by the Company or any of its Affiliates (including HMA) prior to the Payment Event Date; provided that Losses shall
not include (i) the costs associated with any change to HMA’s policies, procedures or practices, or (ii) the loss of any (A) licenses or (B) rights and privileges to participate in government sponsored programs even if
required under a settlement agreement, consent decree or other final non-appealable judgment by a court of competent jurisdiction; provided that in each case, the amount of any Losses shall be net of any amounts actually recovered by the Company or
any of its wholly owned Subsidiaries under insurance policies. 
 “Majority Holders” means, at the time of
determination, Holders of at least a majority of the Outstanding Securities. 
 “Merger” shall have the meaning
set forth in the Recitals of this CVR Agreement. 
 “Merger Agreement” shall have the meaning set forth in the
Recitals of this CVR Agreement. 

  
 4 

 “Merger Sub” shall have the meaning set forth in the Recitals of this CVR
Agreement. 
 “NASDAQ” shall have the meaning set forth in SECTION 7.6. 

“NYSE” shall have the meaning set forth in SECTION 7.6. 

“Officer’s Certificate” when used with respect to the Company means a certificate signed by the Chief Executive
Officer, a president or any vice president, the Chief Financial Officer or any other person duly authorized to act on behalf of the Company for such purpose or for any general purpose. 

“Opinion of Counsel” means a written opinion of counsel, who may be counsel for the Company. 

“Outstanding” when used with respect to Securities (“Outstanding Securities”) means, as of the date of
determination, all Securities theretofore authenticated and delivered under this CVR Agreement, except: (a) Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation and (b) Securities in exchange for or
in lieu of which other Securities have been authenticated and delivered pursuant to this CVR Agreement, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities
are held by a bona fide purchaser in whose hands the Securities are valid obligations of the Company; provided, however, that in determining whether the Holders of the requisite Outstanding Securities have given any request, demand, authorization,
direction, consent, waiver or other action hereunder, Securities owned by the Company or any Affiliate of the Company, whether held as treasury securities or otherwise, shall be disregarded and deemed not to be Outstanding, except that for the
purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, consent, waiver or other action, only Securities that a Responsible Officer of the Trustee actually knows are so owned
shall be so disregarded (but the Trustee need not confirm or investigate the accuracy of mathematical calculations or other facts stated in such request, demand, authorization, direction, consent, waiver or other action). 

“Party” shall mean the Trustee and the Company, as applicable. 

“Paying Agent” means any Person authorized by the Company to pay the amount determined pursuant to SECTION 3.1, if any,
on any Securities on behalf of the Company. 
 “Payment Certificate” has the meaning set forth in SECTION
3.1(c). 
 “Payment Event Date” means the date on which Final Resolution occurs. 

“Person” means any individual, corporation, partnership, joint venture, association, jointstock company, trust, limited
liability company, unincorporated organization or government or any agency or political subdivision thereof. 

“Permitted Junior Securities” shall have the meaning set forth in SECTION 10.2(a). 

  
 5 

 “Registration Statement” shall have the meaning set forth in the Recitals
of this CVR Agreement. 
 “Responsible Officer” when used with respect to the Trustee means any officer
assigned to the Corporate Trust Office and also means, with respect to any particular corporate trust matter, any other officer of the Trustee to whom such matter is referred because of his or her knowledge of and familiarity with the particular
subject. 
 “Securities” shall have the meaning set forth in the Preamble of this CVR Agreement. 

“Securities Act” shall have the meaning set forth in the Recitals of this CVR Agreement. 

“Security Register” shall have the meaning set forth in SECTION 3.5(a) of this CVR Agreement. 

“Security Registrar” shall have the meaning set forth in SECTION 3.5(a) of this CVR Agreement. 

“Senior Obligations” means (a) the principal of, and premium (if any) and interest (including, without limitation,
any interest accruing subsequent to the filing of a petition of bankruptcy at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable Law) on, the following existing or
future obligations of the Company, and all other amounts owing thereon, (i) with respect to borrowed money, (ii) evidenced by notes, debentures, bonds or other similar debt instruments, (iii) with respect to the net obligations owed
under interest rate swaps or similar agreements or currency exchange transactions, (iv) reimbursement obligations in respect of letters of credit and similar obligations, (v) in respect of capital leases, or (vi) guarantees in respect
of obligations referred to in clauses (i) through (v) above; unless, in any case, the instrument creating or evidencing the same or pursuant to which the same is outstanding provides that such obligations are pari passu to or
subordinate in right of payment to the Securities and (b) any Losses. 
 Notwithstanding the foregoing, “Senior
Obligations” shall not include: 
 (a) Junior Obligations; 

(b) trade debt incurred in the ordinary course of business; 
 (c) any intercompany indebtedness between the Company and any of its Subsidiaries or Affiliates; 
 (d) indebtedness of the Company that is subordinated in right of payment to Senior Obligations; 
 (e) indebtedness or other obligations of the Company that by its terms ranks equal or junior in right of payment to the Junior Obligations; 

(f) indebtedness of the Company that, by operation of Law, is subordinate to any general unsecured obligations of the Company;

  
 6 

 (g) indebtedness evidenced by any guarantee of indebtedness ranking equal or junior in right
of payment to the Junior Obligations; 
 (h) indebtedness consisting of the deferred purchase price for property or services,
including earn-out and milestone payments and contingent value rights; or 
 (i) indebtedness that is contractually non-recourse
to the general credit of the Company. 
 “Series A Contingent Value Rights” shall have the meaning set forth in
SECTION 3.1(b) of this CVR Agreement. 
 “Subsidiary” means, with respect to any Person, any corporation,
limited liability company, association, partnership or other business entity of which more than fifty percent (50%) of the total voting power of shares of Voting Securities is at the time owned or controlled, directly or indirectly, by:
(a) such Person; (b) such Person and one or more Subsidiaries of such Person; or (c) one or more Subsidiaries of such Person. 
 “Tax” means any U.S. federal, state or local tax, assessment, levy or other governmental charge of any kind, including any income, profits, gross receipts, license, payroll, employment,
severance, stamp, occupation, premium, windfall profits, environmental, customs duty, capital stock, franchise, sales, social security, unemployment, disability, use, property, withholding, excise, transfer, registration, production, value added,
alternative minimum, occupancy, estimated or any other tax of any kind whatsoever, whether disputed or not, together with any interest, penalty or addition thereto. 
 “Tax Return” means any return, report, declaration, claim or other statement (including attached schedules) relating to Taxes. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended from time to time. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this CVR Agreement, until a
successor Trustee shall have become such pursuant to the applicable provisions of this CVR Agreement, and thereafter “Trustee” shall mean such successor Trustee. 
 “Voting Securities” means securities or other interests having voting power, or the right, to elect or appoint directors, or any Persons performing similar functions, irrespective of
whether or not stock or other interests of any other class or classes shall have or might have voting power or any right by reason of the happening of any contingency. 
 SECTION 1.2 Compliance and Opinions. 
 (a) Upon any application or request
by the Company to the Trustee to take any action under any provision of this CVR Agreement, the Company shall furnish to the Trustee an Officer’s Certificate stating that, in the opinion of the signor, all conditions precedent, if any, provided
for in this CVR Agreement relating to the proposed action have been complied with and an Opinion of Counsel stating, subject to customary exceptions, that in the opinion of such 

  
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counsel all such conditions precedent, if any, have been complied with, except that, in the case of any such application or request as to which the furnishing of such documents is specifically
required by any provision of this CVR Agreement relating to such particular application or request, no additional certificate or opinion need be furnished. 
 (b) Every certificate or opinion with respect to compliance with a condition or covenant provided for in this CVR Agreement shall include: (i) a statement that each individual signing such
certificate or opinion has read such covenant or condition and the definitions herein relating thereto; (ii) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in
such certificate or opinion are based; (iii) a statement that, in the opinion of each such individual, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not
such covenant or condition has been complied with; and (iv) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

SECTION 1.3 Form of Documents Delivered to Trustee. 
 (a) In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the
opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such
Person may certify or give an opinion as to such matters in one or several documents. 
 (b) Any certificate or opinion of an
officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a
certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company. 

(c) Any certificate, statement or opinion of an officer of the Company or of counsel may be based, insofar as it relates to accounting
matters, upon a certificate or opinion of or representations by an accountant or firm of accountants in the employ of the Company. Any certificate or opinion of any independent firm of public accountants filed with the Trustee shall contain a
statement that such firm is independent. 
 (d) Where any Person is required to make, give or execute two or more applications,
requests, consents, certificates, statements, opinions or other instruments under this CVR Agreement, they may, but need not, be consolidated and form one instrument. 
 SECTION 1.4 Acts of Holders. 
 (a) Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this CVR Agreement to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an
agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered 

  
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to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to
as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this CVR Agreement and (subject to
SECTION 4.1) conclusive in favor of the Trustee and the Company, if made in the manner provided in this SECTION 1.4. The Company may set a record date for purposes of determining the identity of Holders entitled to vote or consent to any action by
vote or consent authorized or permitted under this CVR Agreement, which date shall be no greater than ninety (90) days and no less than ten (10) days prior to the date of such vote or consent to any action by vote or consent authorized or
permitted under this CVR Agreement. If not previously set by the Company, (i) the record date for determining the Holders entitled to vote at a meeting of the Holders shall be the date preceding the date notice of such meeting is mailed to the
Holders, or if notice is not given, on the day next preceding the day such meeting is held, and (ii) the record date for determining the Holders entitled to consent to any action in writing without a meeting shall be the first date on which a
signed written consent setting forth the action taken or proposed to be taken is delivered to the Company. If a record date is fixed, those Persons who were Holders of Securities at such record date (or their duly designated proxies), and only those
Persons, shall be entitled to take such action by vote or consent or, except with respect to clause (d) below, to revoke any vote or consent previously given, whether or not such Persons continue to be Holders after such record date. No such
vote or consent shall be valid or effective for more than one hundred twenty (120) days after such record date. 
 (b) The
fact and date of the execution by any Person of any such instrument or writing may be proved in any reasonable manner which the Trustee deems sufficient. 
 (c) The ownership of Securities shall be proved by the Security Register. Neither the Company nor the Trustee nor any agent of the Company or the Trustee shall be affected by any notice to the contrary.

 (d) At any time prior to (but not after) the evidencing to the Trustee, as provided in this SECTION 1.4, of the taking of any
action by the Holders of the Securities specified in this CVR Agreement in connection with such action, any Holder of a Security the serial number of which is shown by the evidence to be included among the serial numbers of the Securities the
Holders of which have consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of holding as provided in this SECTION 1.4, revoke such action so far as concerns such Security. Any request, demand,
authorization, direction, notice, consent, waiver or other action by the Holder of any Security shall bind every future Holder of the same Security or the Holder of every Security issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof, in respect of anything done, suffered or omitted to be done by the Trustee, any Paying Agent or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 

  
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 SECTION 1.5 Notices, etc., to Trustee and Company. Any request, demand,
authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this CVR Agreement to be made upon, given or furnished to, or filed with: 

(a) the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed, in
writing, to or with the Trustee at its Corporate Trust Office; or 
 (b) the Company by the Trustee or by any Holder shall be
sufficient for every purpose hereunder if in writing and mailed, first-class postage prepaid, to the Company addressed to it at Community Health Systems, Inc., 4000 Meridian Blvd., Franklin, Tennessee 37067, Attention: General Counsel, or at any
other address previously furnished in writing to the Trustee by the Company. 
 SECTION 1.6 Notice to Holders; Waiver.

 (a) Where this CVR Agreement provides for notice to Holders of any event, such notice shall be sufficiently given (unless
otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at the Holder’s address as it appears in the Security Register, not later than the latest date, and not earlier
than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the
sufficiency of such notice with respect to other Holders. Where this CVR Agreement provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such
waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

(b) In case by reason of the suspension of regular mail service or by reason of any other cause, it shall be impracticable to mail notice
of any event as required by any provision of this CVR Agreement, then any method of giving such notice as shall be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice. 

SECTION 1.7 Conflict with the Trust Indenture Act. If any provision hereof limits, qualifies or conflicts with another provision
hereof which is required to be included in this CVR Agreement by any of the provisions of the Trust Indenture Act, such required provision shall control. 
 SECTION 1.8 Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof.

 SECTION 1.9 Benefits of Agreement. Nothing in this CVR Agreement or in the Securities, express or implied, shall give
to any Person (other than the Parties hereto and their successors and permitted assigns and, solely in accordance with the express terms of this CVR Agreement and subject to SECTIONS 1.13, 3.1(g) and 8.6, the Holders) any benefit or any legal or
equitable right, remedy or claim under this CVR Agreement or under any covenant or provision herein contained. 

  
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 SECTION 1.10 Governing Law; Jurisdiction; Venue; Waiver of Jury Trial. 

(a) THIS CVR AGREEMENT AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE TO
THIS CVR AGREEMENT, OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS CVR AGREEMENT (INCLUDING ANY CLAIM OR CAUSE OF ACTION BASED UPON, ARISING OUT OF OR RELATED TO ANY REPRESENTATION OR WARRANTY MADE IN OR IN CONNECTION WITH THIS CVR AGREEMENT
OR AS AN INDUCEMENT TO ENTER INTO THIS CVR AGREEMENT) OR THE SECURITIES, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL
OBLIGATIONS LAW WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF. 
 (b) EACH OF THE COMPANY, THE TRUSTEE AND EACH OF
THE HOLDERS BY THEIR ACCEPTANCE OF THE SECURITIES, HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING IN THE BOROUGH OF
MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE TO THIS CVR AGREEMENT, OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS CVR AGREEMENT
(INCLUDING ANY CLAIM OR CAUSE OF ACTION BASED UPON, ARISING OUT OF OR RELATED TO ANY REPRESENTATION OR WARRANTY MADE IN OR IN CONNECTION WITH THIS CVR AGREEMENT OR AS AN INDUCEMENT TO ENTER INTO THIS CVR AGREEMENT), OR THE SECURITIES, AND
IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS. EACH OF THE COMPANY AND THE TRUSTEE AGREES THAT PROCESS MAY BE SERVED UPON THEM IN ANY MANNER AUTHORIZED BY THE LAWS
OF THE STATE OF NEW YORK FOR SUCH PERSONS. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, AND AGREES NOT TO ASSERT, BY WAY OF MOTION, AS A DEFENSE, COUNTERCLAIM OR OTHERWISE, IN ANY ACTION OR PROCEEDING WITH RESPECT TO THIS CVR
AGREEMENT (A) ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF THE ABOVE-NAMED COURTS FOR ANY REASON OTHER THAN THE FAILURE TO SERVE PROCESS IN ACCORDANCE WITH THIS SECTION 1.10, (B) THAT IT OR ITS PROPERTY IS EXEMPT OR
IMMUNE FROM JURISDICTION OF ANY SUCH COURT OR FROM ANY LEGAL PROCESS COMMENCED IN SUCH COURTS (WHETHER THROUGH SERVICE OF NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OF JUDGMENT, EXECUTION OF JUDGMENT OR OTHERWISE), AND
(C) TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW THAT (I) THE SUIT, ACTION OR PROCEEDING IN SUCH COURT IS BROUGHT IN AN INCONVENIENT FORUM, (II) THE VENUE OF SUCH SUIT, ACTION OR PROCEEDING IS IMPROPER AND (III) THIS CVR AGREEMENT, OR
THE SUBJECT MATTER HEREOF, MAY NOT BE ENFORCED IN OR BY SUCH COURTS. 
 (c) EACH OF THE COMPANY, THE TRUSTEE AND EACH OF THE
HOLDERS BY THEIR ACCEPTANCE OF THE SECURITIES, HEREBY AGREES THAT ANY 

  
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CONTROVERSY WHICH MAY ARISE UNDER THIS CVR AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PERSON HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT
SUCH PERSON MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS CVR AGREEMENT OR THE SUBJECT MATTER HEREOF. 
 (d) EACH OF THE COMPANY, THE TRUSTEE AND EACH OF THE HOLDERS BY THEIR ACCEPTANCE OF THE SECURITIES, HEREBY AGREES THAT NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, IN NO EVENT SHALL THE COMPANY BE
RESPONSIBLE TO THE TRUSTEE OR ANY HOLDER FOR ANY CONSEQUENTIAL, SPECIAL OR PUNITIVE DAMAGES. 
 SECTION 1.11 Legal
Holidays. In the event that the CVR Payment Date shall not be a Business Day, then (notwithstanding any provision of this CVR Agreement or the Securities to the contrary) payment on the Securities need not be made on such date, but may be made,
without the accrual of any interest thereon, on the next succeeding Business Day with the same force and effect as if made on the CVR Payment Date. 
 SECTION 1.12 Separability Clause. In the event any provision in this CVR Agreement or in the CVRs shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 1.13 No Recourse Against Others. A
past or present director, officer or employee, as such, of the Company or an Affiliate of the Company or the Trustee shall not have any liability for any obligations of the Company or the Trustee under the Securities or this CVR Agreement or for any
claim based on, in respect of or by reason of such obligations or their creation. By accepting a Security, each Holder waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities.

 SECTION 1.14 Counterparts. This CVR Agreement shall be signed in any number of counterparts with the same effect as if
the signatures to each counterpart were upon a single instrument, and all such counterparts together shall be deemed an original of this CVR Agreement. 
 SECTION 1.15 Acceptance of Trust. [—], the Trustee named herein, hereby accepts the trusts in this CVR Agreement declared and provided, upon the
terms and conditions set forth herein. 
 SECTION 1.16 Termination. This CVR Agreement shall terminate and be of no
further force or effect, and the parties hereto shall have no liability hereunder, at 5:00 p.m., New York City time, on the CVR Payment Date; provided, that the obligations of the Parties to this CVR Agreement set forth in Section 4.7
and the obligation of the Company to pay the CVR Payment Amount that is due in accordance with the terms of this CVR Agreement shall survive termination of this CVR Agreement in accordance with its terms, and provided further that no
termination of this CVR Agreement shall be deemed to affect the rights of the parties set forth in ARTICLE 8 of this CVR Agreement to bring suit in the case of a Breach occurring prior to such CVR Payment Date. 

  
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 ARTICLE 2 
 SECURITY FORMS 
 SECTION 2.1 Forms Generally. 

(a) The Securities and the Trustee’s certificate of authentication shall be in the forms set forth in Annex A, attached
hereto and incorporated herein by this reference, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this CVR Agreement and may have such letters, numbers or other marks of identification
and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may be required by Law or any rule or regulation pursuant thereto, all as may be determined by the officers executing such
Securities, as evidenced by their execution of the Securities. Any portion of the text of any Security may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Security. 

(b) The Securities shall be typewritten, printed, lithographed or engraved on steel engraved borders or produced by any combination of
these methods or may be produced in any other manner permitted by the rules of any securities exchange on which the Securities may be listed, all as determined by the officers executing such Securities, as evidenced by their execution of such
Securities. 
 ARTICLE 3 
 THE SECURITIES 
 SECTION 3.1 Title and Payment Terms. 

(a) The aggregate number of CVRs in respect of which CVR Certificates may be authenticated and delivered under this CVR Agreement is
limited to a number equal to [—],2 except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities pursuant to SECTION 3.4, 3.5, 3.6 or 6.6. From and after the
Effective Time, the Company shall not be permitted to issue any CVRs, except as provided and in accordance with the terms and conditions of the Merger Agreement or as otherwise expressly permitted by this CVR Agreement. 

(b) The Securities shall be known and designated as the “Series A Contingent Value Rights” of the Company. 

(c) Promptly following the Payment Event Date, but in no event later than thirty (30) days after such date, the Company shall
deliver to the Trustee and provide notice to the Holders of a certificate (the “Payment Certificate”) setting forth in reasonable detail the Company’s calculation of the CVR Payment Amount. 

 

	2 	Note to Draft: To equal total number of CVRs to be issued pursuant to the Merger Agreement on the Closing Date. 

  
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 (d) All determinations with respect to the calculation of the CVR Payment Amount shall be
reasonably made by the Company in good faith, and such determinations shall be binding on the Holders absent manifest error; provided that (i) the Company may and, at the written request of the Trustee, shall, at the Company’s sole cost
and expense, reasonably select an independent third-party financial, accounting, valuation, appraisal or other advisor (an “Independent Advisor”) to assist it in calculating the amount of the CVR Payment Amount. The Company shall be
entitled to conclusively rely on the reports of any Independent Advisor for purposes of making its determination hereunder and all such calculations of the Independent Advisor shall be binding on the Holders absent manifest error. In the event that
a Final Resolution involves a settlement which includes claims that are not included in the Existing Litigation, the Company or the Independent Advisor, as the case may be, will calculate in good faith the amount of Losses that are properly
attributed to the Existing Litigation, on the one hand, and such other claims, on the other hand. 
 (e) If the CVR Payment
Amount reflected on the Payment Certificate is greater than zero, the Company shall establish a CVR Payment Date that is not later than sixty (60) days after the Payment Event Date. On or prior to the CVR Payment Date, the Company shall cause
an amount in cash equal to the CVR Payment Amount multiplied by the number of Outstanding Securities to be delivered to the Paying Agent. On the CVR Payment Date, the Paying Agent shall (in accordance with such exchange procedures as the Paying
Agent and the Company may reasonably agree and subject to SECTION 7.1) pay to each Holder as of the CVR Payment Date an amount in cash equal to the CVR Payment Amount multiplied by the number of CVRs held by such Holder, as reflected in the Security
Register. 
 (f) The Holders of the CVR Certificates, by acceptance thereof, agree that no joint venture, partnership or other
fiduciary relationship is created hereby or by the Securities. 
 (g) Other than in the case of interest on amounts due and
payable after the occurrence of a Breach, no interest or dividends shall accrue on any amounts payable in respect of the CVRs. 

(h) Except to the extent any portion of any CVR Payment Amount is required to be treated as interest pursuant to applicable Law, the
Parties hereto agree to treat the CVRs issued pursuant to this CVR Agreement in connection with the Merger Agreement for all Tax purposes as consideration for the shares of Company Common Stock, Company Stock Options, Company Restricted Stock
Awards, Company Deferred Stock Awards and Company Performance Cash Awards, and none of the Parties hereto will take any position to the contrary on any Tax Return or for other Tax purposes except as required by applicable Law. Except to the extent
otherwise required pursuant to a “determination” within the meaning of Section 1313(a) of the Code, the Company shall determine the portion of any CVR Payment Amount required to be treated as interest for U.S. federal income tax
purposes pursuant to Section 483 of the Code and the Treasury Regulations promulgated thereunder. 

  
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 (i) The Holder of any CVR or CVR Certificate is not, and shall not, by virtue thereof, be
entitled to any rights of a holder of any Voting Securities or other equity security or other ownership interest of the Company, in any constituent company to the Merger or in any of such companies’ Affiliates or other subsidiaries, either at
Law or in equity, and the rights of the Holders are limited to those contractual rights expressed in this CVR Agreement. 
 (j)
Except as provided in this CVR Agreement, none of the Company or any of its Affiliates shall have any right to set off any amounts owed or claimed to be owed by any Holder to any of them against such Holder’s Securities or any CVR Payment
Amount or other amount payable to such Holder in respect of such Securities. 
 (k) In the event that (i) all of the CVR
Certificates not previously cancelled shall have become due and payable pursuant to the terms hereof, (ii) all disputes with respect to amounts payable to the Holders brought pursuant to the terms and conditions of this CVR Agreement have been
resolved, and (iii) the Company has paid or caused to be paid or deposited with the Trustee all amounts payable to the Holders under this CVR Agreement, then this CVR Agreement shall cease to be of further effect and shall be deemed satisfied
and discharged. Notwithstanding the satisfaction and discharge of this CVR Agreement, the obligations of the Company under SECTION 4.7(c) shall survive. 
 (l) The Company and the Paying Agent shall be entitled to deduct and withhold from any amount payable pursuant to this CVR Agreement such amounts as they reasonably determine are required to be deducted
and withheld under applicable Tax law. Amounts withheld pursuant to this SECTION 3.1(l) and timely paid to the appropriate Tax authority shall be treated for all purposes of this CVR Agreement as having been paid to the Person in respect of which
such deduction and withholding was made. 
 SECTION 3.2 Registrable Form. The Securities shall be issuable only in
registered form. 
 SECTION 3.3 Execution, Authentication, Delivery and Dating. 

(a) The Securities shall be executed on behalf of the Company by its Chief Executive Officer or any other person duly authorized to act
on behalf of the Company for such purpose or any general purpose, but need not be attested. The signature of any of these persons on the Securities may be manual or facsimile. 
 (b) Securities bearing the manual or facsimile signatures of individuals who were, at the time of execution, the proper officers of the Company shall bind the Company, notwithstanding that such
individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 

(c) At any time and from time to time after the execution and delivery of this CVR Agreement, the Company may deliver Securities executed
by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities; and the Trustee, in accordance with such Company Order, shall authenticate and deliver such Securities as
provided in this CVR Agreement and not otherwise. 

  
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 (d) Each Security shall be dated the date of its authentication. 

(e) No Security shall be entitled to any benefit under this CVR Agreement or be valid or obligatory for any purpose unless there appears
on such Security a certificate of authentication substantially in the form provided for herein duly executed by the Trustee, by manual or facsimile signature of an authorized officer, and such certificate upon any Security shall be conclusive
evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and that the Holder is entitled to the benefits of this CVR Agreement. 
 SECTION 3.4 Intentionally Omitted. 
 SECTION 3.5 Registration,
Registration of Transfer and Exchange. 
 (a) The Company shall cause to be kept at the office of the Trustee a register
(the register maintained in such office and in any other office or agency designated pursuant to SECTION 7.2 being herein sometimes referred to as the “Security Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Securities and of transfers of Securities. The Trustee is hereby initially appointed “Security Registrar” for the purpose of registering Securities and transfers of
Securities as herein provided. 
 (b) Upon surrender for registration of transfer of any Security at the office or agency of the
Company designated pursuant to SECTION 7.2, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new CVR Certificates representing the same aggregate number
of CVRs represented by the CVR Certificate so surrendered that are to be transferred and the Company shall execute and the Trustee shall authenticate and deliver, in the name of the transferor, one or more new CVR Certificates representing the
aggregate number of CVRs represented by such CVR Certificate that are not to be transferred. 
 (c) At the option of the Holder,
CVR Certificates may be exchanged for other CVR Certificates that represent in the aggregate the same number of CVRs as the CVR Certificates surrendered at such office or agency. Whenever any CVR Certificates are so surrendered for exchange, the
Company shall execute, and the Trustee shall authenticate and deliver, the CVR Certificates which the Holder making the exchange is entitled to receive. 
 (d) All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same rights, and entitled to the same benefits under
this CVR Agreement, as the Securities surrendered upon such registration of transfer or exchange. 
 (e) Every Security
presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Security Registrar) be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar,
duly executed by the Holder thereof or his attorney duly authorized in writing. 
 (f) No service charge shall be made for any
registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any documentary, stamp or similar tax or other similar governmental charge payable in connection with any registration of transfer
or exchange of Securities, other than exchanges pursuant to SECTIONS 3.4, 3.6 or 6.6 not involving any transfer. 

  
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 SECTION 3.6 Mutilated, Destroyed, Lost and Stolen Securities. 

(a) If (i) any mutilated Security is surrendered to the Trustee, or (ii) the Company and the Trustee receive evidence to their
satisfaction of the destruction, loss or theft of any Security, and there is delivered to the Company and the Trustee an affidavit of loss in respect of such Security, then, in the absence of notice to the Company or the Trustee that such Security
has been acquired by a bona fide purchaser, the Company shall execute and, upon delivery of a Company Order, the Trustee shall authenticate and deliver, in exchange for any such mutilated Security or in lieu of any such destroyed, lost or stolen
Security, a new CVR Certificate of like tenor and amount of CVRs, bearing a number not contemporaneously outstanding. 
 (b) In
case any such mutilated, destroyed, lost or stolen Security has become or is to become finally due and payable within fifteen (15) days, the Company in its discretion may, instead of issuing a new CVR Certificate, pay to the Holder of such
Security on the CVR Payment Date all amounts due and payable with respect thereto. 
 (c) Every new Security issued pursuant to
this SECTION 3.6 in lieu of any destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and
shall be entitled to all benefits of this CVR Agreement equally and proportionately with any and all other Securities duly issued hereunder. 
 (d) The provisions of this SECTION 3.6 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or
stolen Securities. 
 SECTION 3.7 Payments with Respect to CVR Certificates. Payment of any amounts pursuant to the CVRs
shall be made in such coin or currency of the United States of America as at the time is legal tender for the payment of public and private debts. The Company may, at its option, pay such amounts by wire transfer or check payable in such money.

 SECTION 3.8 Persons Deemed Owners. Prior to the time of due presentment for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name any Security is registered as the owner of such Security for the purpose of receiving payment on such Security and for all other purposes whatsoever, whether or
not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 
 SECTION 3.9 Cancellation. All Securities surrendered for payment, registration of transfer or exchange shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and
shall be promptly cancelled by it. The Company shall promptly deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company has acquired in any manner whatsoever, and all Securities so
delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this SECTION 3.9, except as expressly permitted by

  
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this CVR Agreement. All cancelled Securities held by the Trustee shall be destroyed and a certificate of destruction shall be issued by the Trustee to the Company, unless otherwise directed by a
Company Order. 
 SECTION 3.10 CUSIP Numbers. The Company in issuing the Securities may use “CUSIP” numbers (if
then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in any notice provided for in this CVR Agreement as a convenience to Holders; provided, that any such notice may state that no representation is made as to
the correctness of such numbers either as printed on the Securities or as contained in any such notice and that reliance may be placed only on the other identification numbers printed on the Securities, and any such notice shall not be affected by
any defect in or omission of such numbers. The Company shall promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 
 ARTICLE 4 
 THE TRUSTEE 

SECTION 4.1 Certain Duties and Responsibilities. 
 (a) With respect to the Holders, the Trustee, prior to the occurrence of a Breach (as defined in SECTION 8.1) with respect to the Securities and after the curing or waiving of all Breaches which may have
occurred, undertakes to perform such duties and only such duties as are specifically set forth in this CVR Agreement and no implied covenants shall be read into this CVR Agreement against the Trustee. In case a Breach with respect to the Securities
has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this CVR Agreement, and use the same degree of care and skill in their exercise, as a reasonably prudent person would
exercise or use under the circumstances in the conduct of his or her own affairs. 
 (b) In the absence of bad faith on its
part, prior to the occurrence of a Breach and after the curing or waiving of all such Breaches which may have occurred, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Trustee which conform to the requirements of this CVR Agreement; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee,
the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this CVR Agreement. 
 (c) No provision of this CVR Agreement shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that
(i) this Subsection (c) shall not be construed to limit the effect of Subsections (a) and (b) of this SECTION 4.1; (ii) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer,
unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and (iii) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction
of the Holders pursuant to SECTION 8.9 relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this CVR Agreement. 

  
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 (d) Whether or not therein expressly so provided, every provision of this CVR Agreement
relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this SECTION 4.1. 
 SECTION 4.2 Certain Rights of Trustee. Subject to the provisions of SECTION 4.1, including without limitation, the duty of care that the Trustee is required to exercise upon the occurrence of a
Breach: 
 (a) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the
proper party or parties and the Trustee need not investigate any fact or matter stated in the document; 
 (b) any request or
direction or order of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution and the Trustee shall not be
liable for any action it takes or omits to take in good faith reliance thereon; 
 (c) whenever in the administration of this
CVR Agreement the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad
faith on its part, rely upon an Officer’s Certificate and the Trustee shall not be liable for any action it takes or omits to take in good faith reliance thereon or an Opinion of Counsel; 

(d) the Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel; 
 (e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this CVR Agreement at the request or direction of any of the Holders pursuant to this CVR Agreement,
unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 

(f) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, consent, order, approval, appraisal, bond, debenture, note, coupon, security, or other paper or document, but the Trustee in its discretion may make such further inquiry or investigation into such facts
or matters as it may see fit, and if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney, as necessary for such
inquiry or investigation; 

  
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 (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(h) the Trustee shall not be liable for any action taken, suffered or omitted to be taken by it in good faith and believed by it to be
authorized or within the discretion or rights or powers conferred upon it by this CVR Agreement; 
 (i) the rights, privileges,
protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Paying Agent, the Security Registrar, the Trustee in each of its capacities
hereunder, and each agent, custodian and other Person employed to act hereunder; 
 (j) in no event shall the Trustee be
responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and
regardless of the form of action; and 
 (k) certain of the Trustee’s duties hereunder may be performed by the Paying Agent
or Security Registrar. 
 SECTION 4.3 Notice of Breach. If a breach occurs hereunder with respect to the Securities, the
Trustee shall give the Holders notice of any such breach actually known to it as and to the extent applicable and provided by the Trust Indenture Act; provided, however, that in the case of any breach of the character specified in
SECTION 8.1(b) with respect to the Securities, no notice to Holders shall be given until at least ninety (90) days after the occurrence thereof. For the purpose of this SECTION 4.3, the term “breach” means any event that is, or after
notice or lapse of time or both would become, a Breach with respect to the Securities. 
 SECTION 4.4 Not Responsible for
Recitals or Issuance of Securities. The Trustee shall not be accountable for the Company’s use of the Securities. The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken
as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this CVR Agreement or of the Securities. 

SECTION 4.5 May Hold Securities. The Trustee, any Paying Agent, Security Registrar or any other agent of the Company, in its
individual or any other capacity, may become the owner or pledgee of Securities, and, subject to SECTIONS 4.8 and 4.13, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Security Registrar
or such other agent. 
 SECTION 4.6 Money Held in Trust. Except as expressly provided in this CVR Agreement, money held
by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by Law. The Trustee shall be under no liability for interest on any money received by it hereunder, except as otherwise agreed by the Trustee in
writing with the Company. 

  
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 SECTION 4.7 Compensation and Reimbursement. The Company agrees: 

(a) to pay to the Trustee from time to time reasonable compensation for all services rendered by it hereunder in such amount as the
Company and the Trustee shall agree from time to time (which compensation shall not be limited by any provision of Law in regard to the compensation of a trustee of an express trust); 

(b) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements
and advances incurred or made by the Trustee in accordance with any provision of this CVR Agreement (including the reasonable compensation and the reasonable expenses and disbursements of its agents and counsel), except any such expense,
disbursement or advance as may be attributable to the Trustee’s negligence, bad faith or willful misconduct; and 
 (c) to
indemnify the Trustee and any predecessor Trustee and each of their respective agents, officers, directors and employees for, and to hold them harmless against, any loss, liability or expense (including attorneys fees and expenses) incurred without
negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of this trust and the performance of its duties hereunder, including the reasonable costs and expenses of defending itself against any claim
or liability in connection with the exercise or performance of any of its powers or duties hereunder. The Company’s payment obligations pursuant to this SECTION 4.7 shall survive the termination of this CVR Agreement. When the Trustee incurs
expenses after the occurrence of a Breach specified in SECTION 8.1(c) or 8.1(d) with respect to the Company, the expenses are intended to constitute expenses of administration under bankruptcy Laws. 

SECTION 4.8 Disqualification; Conflicting Interests. 
 (a) If applicable, to the extent that the Trustee or the Company determines that the Trustee has a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall immediately notify
the Company of such conflict and, within ninety (90) days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign to the extent and in the manner provided by, and subject to the provisions
of, the Trust Indenture Act and this CVR Agreement. The Company shall take prompt steps to have a successor appointed in the manner provided in this CVR Agreement. 
 (b) In the event the Trustee shall fail to comply with the foregoing subsection 4.8(a), the Trustee shall, within ten (10) days of the expiration of such ninety (90) day period, transmit a
notice of such failure to the Holders in the manner and to the extent provided in the Trust Indenture Act and this CVR Agreement. 
 (c) In the event the Trustee shall fail to comply with the foregoing subsection 4.8(a) after written request therefor by the Company or any Holder, any Holder of any Security who has been a bona fide
Holder for at least six (6) months may on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of such Trustee and the appointment of a successor Trustee. 

  
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 SECTION 4.9 Corporate Trustee Required; Eligibility. There shall at all times be a
Trustee hereunder which satisfies the applicable requirements of Sections 310(a)(1) and (5) of the Trust Indenture Act and has a combined capital and surplus of at least one hundred fifty million dollars ($150,000,000). If such corporation
publishes reports of condition at least annually, pursuant to Law or to the requirements of a supervising or examining authority, then for the purposes of this SECTION 4.9, the combined capital and surplus of such corporation shall be deemed to be
its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this SECTION 4.9, it shall resign immediately in the manner
and with the effect hereinafter specified in this ARTICLE 4. 
 SECTION 4.10 Resignation and Removal; Appointment of
Successor. 
 (a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this
ARTICLE 4 shall become effective until the acceptance of appointment by the successor Trustee under SECTION 4.11. 
 (b) The
Trustee, or any trustee or trustees hereafter appointed, may resign at any time by giving written notice thereof to the Company. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within thirty
(30) days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

(c) The Trustee may be removed at any time by a demand in writing by the Majority Holders delivered to the Trustee and to the Company.

 (d) If at any time: 
 (i) the Trustee shall fail to comply with SECTION 4.8 after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Security for at least six (6) months; or

 (ii) the Trustee shall cease to be eligible under SECTION 4.9 and shall fail to resign after written request therefor by the
Company or by any such Holder; or 
 (iii) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or
insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation,

 then, in any case, (A) the Company, by a Board Resolution or action of the Chief Executive Officer, may remove the Trustee, or
(B) the Holder of any Security who has been a bona fide Holder of a Security for at least six (6) months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor Trustee. 
 (e) If the Trustee shall resign, be removed or become incapable of
acting, or if a vacancy shall occur in the office of Trustee for any cause, the Company, by a Board Resolution 

  
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and/or action of the Chief Executive Officer, shall promptly appoint a successor Trustee. If, within one (1) year after any removal by the Majority Holders, a successor Trustee shall be
appointed by act of the Majority Holders delivered to the Company and the retiring Trustee the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with SECTION 4.11, become the successor Trustee and
supersede the successor Trustee appointed by the Company. If no successor Trustee shall have been so appointed by the Company or the Holders of the Securities and accepted appointment within sixty (60) days after the retiring Trustee tenders
its resignation or is removed, the retiring Trustee may, or, the Holder of any Security who has been a bona fide Holder for at least six (6) months may on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Trustee. 
 (f) The Company shall give notice of each resignation and each
removal of the Trustee and each appointment of a successor Trustee by mailing written notice of such event by first-class mail, postage prepaid, to the Holders of Securities as their names and addresses appear in the Security Register. Each notice
shall include the name of the successor Trustee and the address of its Corporate Trust Office. If the Company fails to send such notice within ten (10) days after acceptance of appointment by a successor Trustee, it shall not be a breach
hereunder but the successor Trustee shall cause the notice to be mailed at the expense of the Company. 
 SECTION 4.11
Acceptance of Appointment of Successor. 
 (a) Every successor Trustee appointed hereunder shall execute, acknowledge and
deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, upon request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an
instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee, and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. Upon
request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts. 

(b) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this ARTICLE 4. 
 SECTION 4.12 Merger, Conversion, Consolidation or Succession to Business. Any
corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all
or substantially all of the corporate trust business of the Trustee, by sale or otherwise shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this ARTICLE 4, without the
execution or filing of any paper or any further act on the part of any of the Parties hereto. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion, sale or
consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated 

  
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with the same effect as if such successor Trustee had itself authenticated such Securities; and such certificate shall have the full force which it is anywhere in the Securities or in this CVR
Agreement provided that the certificate of the Trustee shall have; provided that the right to adopt the certificate of authentication of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or
consolidation. 
 SECTION 4.13 Preferential Collection of Claims Against Company. If and when the Trustee shall be or
shall become a creditor, directly or indirectly, secured or unsecured, of the Company (or any other obligor upon the Securities), excluding any creditor relationship set forth in Section 311(b) of the Trust Indenture Act, if applicable, the
Trustee shall be subject to the applicable provisions of the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 
 ARTICLE 5 
 HOLDERS’ LISTS AND REPORTS BY THE TRUSTEE AND COMPANY

 SECTION 5.1 Company to Furnish Trustee with Names and Addresses of Holders. The Company shall furnish or cause to
be furnished to the Trustee (a) promptly after the issuance of the Securities, and semi-annually thereafter, a list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders as of a recent date, and
(b) at such times as the Trustee may request in writing, within thirty (30) days after receipt by the Company of any such request, a list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders as of
a date not more than fifteen (15) days prior to the time such list is furnished; provided, however, that if and so long as the Trustee shall be the Security Registrar, no such list need be furnished. 

SECTION 5.2 Preservation of Information; Communications to Holders. 

(a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of the Holders contained in
the most recent list furnished to the Trustee as provided in SECTION 5.1 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in SECTION
5.1 upon receipt of a new list so furnished. 
 (b) The rights of the Holders to communicate with other Holders with respect to
their rights under this CVR Agreement and the corresponding rights and privileges of the Trustee shall be as provided by Section 312(b)(2) of the Trust Indenture Act, if applicable. 

(c) Every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor
the Trustee shall be deemed to be in violation of Law or held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders made pursuant to the Trust Indenture Act (if applicable) regardless of the
source from which such information was derived. 

  
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 SECTION 5.3 Reports by Trustee. 

(a) Within sixty (60) days after December 31 of each year commencing with the December 31 following the date of this CVR
Agreement, the Trustee shall transmit to all Holders such reports concerning the Trustee and its actions under this CVR Agreement as may be required pursuant to the Trust Indenture Act to the extent and in the manner provided pursuant thereto. The
Trustee shall also comply with Section 313(b)(2) of the Trust Indenture Act, if applicable. The Trustee shall also transmit by mail all reports as required by Section 313(c) of the Trust Indenture Act, if applicable. 

(b) A copy of each such report shall, at the time of such transmission to the Holders, be filed by the Trustee with each stock exchange,
if any, upon which the Securities are listed, with the Commission and also with the Company. The Company shall promptly notify the Trustee when the Securities are listed on any stock exchange. 

SECTION 5.4 Reports by Company. 
 (a) The Company shall: (a) file with the Trustee, (i) within fifteen (15) days after the Company files the same with the Commission, copies of the annual reports filed on Form 10-K and
quarterly reports filed on Form 10-Q and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company is required to
file with the Commission, pursuant to Section 13 or Section 15(d) of the Exchange Act (such annual and quarterly reports and required information, documents and other reports, together the “Exchange Act Documents”), (ii) if
the Company does not file such annual reports on Form 10-K or quarterly reports on Form 10-Q with the Commission, within forty-five (45) days after the end of first three fiscal quarters of each fiscal year, quarterly information, and, within
ninety (90) days after each fiscal year, annual financial information, in each case calculated in accordance with Accounting Standards applied consistently with the application of such standards in either the Company’s prior quarterly
reports on Form 10-Q or annual reports on Form 10-K, as applicable, and (iii) copies of any quarterly financial information or earnings reports made public by the Company or made available on the Company’s website, within fifteen
(15) days after such information or reports are furnished or otherwise made public or available; (b) file with the Trustee such additional information, documents and reports with respect to compliance by the Company with the conditions and
covenants of this CVR Agreement as may be required from time to time by the rules and regulations of the Commission; and (c) make available to the Holders on the Company’s website as of an even date with the filing of such materials with
the Trustee, the information, documents and reports required to be filed by the Company pursuant to subsections (a) or (b) of this SECTION 5.4. If the Company has timely electronically filed with the Commission’s Next-Generation EDGAR
system (or any successor system) the reports described above, the Company shall be deemed to have satisfied the requirements of this Section 5.4. 

  
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 ARTICLE 6 
 AMENDMENTS 
 SECTION 6.1 Amendments without Consent of Holders.
Without the consent of any Holders, the Company and the Trustee, at any time and from time to time, may enter into one or more amendments hereto or to the Securities, for any of the following purposes: 

(a) to convey, transfer, assign, mortgage or pledge to the Trustee as security for the Securities any property or assets; 

(b) to evidence the succession of another Person to the Company, and the assumption by any such successor of the covenants of the Company
herein and in the Securities; 
 (c) to add to the covenants of the Company such further covenants, restrictions, conditions or
provisions as the Board of Directors and/or the Chief Executive Officer of the Company and the Trustee shall consider to be for the protection of the Holders of Securities, and to make the occurrence, or the occurrence and continuance, of a breach
of any such additional covenants, restrictions, conditions or provisions a Breach permitting the enforcement of all or any of the several remedies provided in this CVR Agreement as herein set forth; provided, that in respect of any such
additional covenant, restriction, condition or provision, such amendment may provide for a particular period of grace after breach (which period may be shorter or longer than that allowed in the case of other breaches) or may provide for an
immediate enforcement upon such a Breach or may limit the remedies available to the Trustee upon such a Breach or may limit the right of the Acting Holders to waive such a Breach; 

(d) to cure any ambiguity, or to correct or supplement any provision herein or in the Securities which may be defective or inconsistent
with any other provision herein; provided that such amendment shall not adversely affect the interests of the Holders; 

(e) to make any other provisions with respect to matters or questions arising under this CVR Agreement; provided that such
provisions shall not adversely affect the interests of the Holders; 
 (f) to make any amendments or changes necessary to comply
or maintain compliance with the Trust Indenture Act, if applicable; or 
 (g) to make any change that does not adversely affect
the interests of the Holders. 
 Promptly following any amendment of this CVR Agreement or the Securities in accordance with
this SECTION 6.1, the Trustee shall notify the Holders of the Securities of such amendment; provided that any failure so to notify the Holders shall not affect the validity of such amendment. 

SECTION 6.2 Amendments with Consent of Holders. With the consent of the Majority Holders, by Act of said Holders delivered to the
Company and the Trustee (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, the Securities), the Company (when authorized by a Board Resolution and/or

  
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the Chief Executive Officer) and the Trustee may enter into one or more amendments hereto or to the Securities for the purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this CVR Agreement or to the Securities or of modifying in any manner the rights of the Holders under this CVR Agreement or to the Securities; provided, however, that no such amendment shall, without the
consent of the Holder of each Outstanding Security affected thereby: 
 (a) modify in a manner adverse to the Holders
(i) any provision contained herein with respect to the termination of this CVR Agreement or the Securities, (ii) the time for payment or amount of any CVR Payment Amount, or otherwise extend the time for payment of the Securities or reduce
the amounts payable in respect of the Securities or modify any other payment term or CVR Payment Date; 
 (b) reduce the number
of CVRs; or 
 (c) modify any of the provisions of this SECTION 6.2, except to increase the percentage of Holders from whom
consent is required or to provide that certain other provisions of this CVR Agreement cannot be modified or waived without the consent of the Holder of each Security affected thereby. 

SECTION 6.3 Execution of Amendments. In executing any amendment permitted by this ARTICLE 6, the Trustee (subject to SECTION 4.1)
shall be fully protected in relying upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this CVR Agreement. The Trustee shall execute any amendment authorized pursuant to this ARTICLE 6 if the
amendment does not adversely affect the Trustee’s own rights, duties or immunities under this CVR Agreement or otherwise. Otherwise, the Trustee may, but need not, execute such amendment. 

SECTION 6.4 Effect of Amendments; Notice to Holders. 
 (a) Upon the execution of any amendment under this ARTICLE 6, this CVR Agreement and the Securities shall be modified in accordance therewith, and such amendment shall form a part of this CVR Agreement
and the Securities for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
 (b) Promptly after the execution by the Company and the Trustee of any amendment pursuant to the provisions of this ARTICLE 6, the Company shall mail a notice thereof by first-class mail to the Holders of
Securities at their addresses as they shall appear on the Security Register, setting forth in general terms the substance of such amendment. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair
or affect the validity of any such amendment. 
 SECTION 6.5 Conformity with Trust Indenture Act. Every amendment
executed pursuant to this ARTICLE 6 shall conform to the applicable requirements of the Trust Indenture Act, if any. 
 SECTION
6.6 Reference in Securities to Amendments. If an amendment changes the terms of a Security, the Trustee may require the Holder of the Security to deliver it to the 

  
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Trustee. Securities authenticated and delivered after the execution of any amendment pursuant to this ARTICLE 6 may, and shall if required by the Trustee, bear a notation in form approved by the
Trustee as to any matter provided for in such amendment. If the Company shall so determine, new Securities so modified as to conform, in the opinion of the Trustee on the one hand and the Board of Directors and/or the Chief Executive Officer on the
other hand, to any such amendment may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities. Failure to make the appropriate notation or to issue a new Security shall not affect
the validity of such amendment. 
 ARTICLE 7 
 COVENANTS 
 SECTION 7.1 Payment of Amounts, if any, to Holders. The
Company shall duly and punctually pay or cause to be paid the amounts, if any, on the Securities in accordance with the terms of the Securities and this CVR Agreement. Such amounts shall be considered paid on the CVR Payment Date if on such date the
Trustee or the Paying Agent holds in accordance with this CVR Agreement money sufficient to pay all such amounts then due. 

SECTION 7.2 Maintenance of Office or Agency. 
 (a) As long as any of the Securities remain Outstanding, the Company shall maintain in the Borough of Manhattan, The City of New York an office or agency (i) where Securities may be presented or
surrendered for payment, (ii) where Securities may be surrendered for registration of transfer or exchange and (iii) where notices and demands to or upon the Company in respect of the Securities and this CVR Agreement may be served. The
Corporate Trust Office shall be such office or agency of the Company, unless the Company shall designate and maintain some other office or agency for one or more of such purposes. The Company or any of its Subsidiaries may act as Paying Agent,
registrar or transfer agent; provided that such Person shall take appropriate actions to avoid the commingling of funds. The Company shall give prompt written notice to the Trustee of any change in the location of any such office or agency.
If at any time the Company shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the
Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
 (b) The Company may from time to
time designate one or more other offices or agencies (in the City of New York) where the Securities may be presented or surrendered for any or all such purposes, and may from time to time rescind such designation; provided, however,
that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the Borough of Manhattan, The City of New York for such purposes. The Company shall give prompt written notice to the
Trustee of any such designation or rescission and any change in the location of any such office or agency. 

  
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 SECTION 7.3 Money for Security Payments to Be Held in Trust. 

(a) If the Company or any of its Subsidiaries shall at any time act as the Paying Agent, it shall, on or before the CVR Payment Date, as
the case may be, segregate and hold in trust for the benefit of the Holders all sums held by such Paying Agent for payment on the Securities until such sums shall be paid to the Holders as herein provided, and shall promptly notify the Trustee of
any failure of the Company to make payment on the Securities. 
 (b) Whenever the Company shall have one or more Paying Agents
for the Securities, it shall, on or before a CVR Payment Date, deposit with a Paying Agent a sum in same day funds sufficient to pay the amount, if any, so becoming due; such sum to be held in trust for the benefit of the Persons entitled to such
amount, and (unless such Paying Agent is the Trustee) the Company shall promptly notify the Trustee of such action or any failure so to act. 
 (c) The Company shall cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions
of this SECTION 7.3, that (i) such Paying Agent shall hold all sums held by it for the payment of any amount payable on Securities in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or
otherwise disposed of as herein provided and shall notify the Trustee of the sums so held and (ii) that it shall give the Trustee notice of any failure by the Company (or by any other obligor on the Securities) to make any payment on the
Securities when the same shall be due and payable. 
 (d) Any money deposited with the Trustee or any Paying Agent, or then held
by the Company, in trust for the payment on any Security and remaining unclaimed for one (1) year after the CVR Payment Date shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust;
and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money shall thereupon cease.

 SECTION 7.4 Certain Purchases and Sales. The Company or any of its Subsidiaries or Affiliates may at any time acquire
in open market transactions, private transactions or otherwise, some or all of the Securities; provided that prior to any acquisition of any Securities, the Company must publicly disclose the amount of Securities which it has been authorized to
acquire and the Company must report in its quarterly reports the amount of Securities it has been authorized to acquire as well as the amount of Securities it has acquired as of the end of such quarterly period reported in such quarterly report.

 SECTION 7.5 Books and Records. The Company shall keep, and shall cause its Subsidiaries to keep records in sufficient
detail to enable the amounts payable under this CVR Agreement to be determined for a period ending on the CVR Payment Date. 

SECTION 7.6 Listing of CVRs. The Company hereby covenants and agrees it shall use its reasonable best efforts to maintain a
listing for trading on the New York Stock Exchange (“NYSE”) or NASDAQ Capital Market (“NASDAQ”), or if unable to be listed on the NYSE or NASDAQ, on another national securities exchange, the OTC Markets Group (f/k/a
Pink Sheets) or the OTC Bulletin Board, as designated by the Company, for so long as any CVRs remain Outstanding. 

  
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 SECTION 7.7 Existing Litigation. The Company shall be entitled to fully control the
management and disposition of any Existing Litigation, including with respect to the defense, negotiation or settlement thereof, and all decisions relating thereto. In addition, the Company shall keep the Trustee and Holders reasonably informed, on
a timely basis and in no event less than on a quarterly basis, with respect to the status of the Existing Litigation (including the reports, documents and other information described in Section 5.4); provided that so long as Parent is a person
subject to the reporting requirements of Section 13(a) or 15(d) of the Exchange Act, the foregoing requirements shall be deemed satisfied by satisfying the applicable disclosure requirements of Part I, Item 3 “Legal Proceedings”
in Parent’s annual report on Form 10-K and Part II, Item 1 “Legal Proceedings” in Parent’s quarterly reports on Form 10-Q. Solely for purposes of this Section 7.7, “Existing Litigation” shall not include any
such litigation, investigation or other proceeding involving individuals or entities other than HMA even if HMA is required to indemnify Losses incurred by such individuals or entities or Losses arising out of any such litigation, investigation or
other proceeding that occurs after the date of the Merger Agreement. 
 SECTION 7.8 Notice of Breach. The Company shall
file with the Trustee written notice of the occurrence of any Breach or other breach under this CVR Agreement within five (5) Business Days of its becoming aware of any such Breach or other breach. 

SECTION 7.9 Non-Use of Name. Neither the Trustee nor the Holders shall use the name, trademark, trade name or logo of the Company,
its Affiliates, or their respective employees in any publicity or news release relating to this CVR Agreement or its subject matter, without the prior express written permission of the Company. 

ARTICLE 8 

REMEDIES OF THE TRUSTEE AND HOLDERS IN THE EVENT OF BREACH 

SECTION 8.1 Breach Defined; Waiver of Breach. “Breach” with respect to the Securities, means each one of the
following events which shall have occurred and be continuing (whatever the reason for such Breach and whether it shall be voluntary or involuntary or be effected by operation of Law or pursuant to any judgment, decree or order of any court or any
order, rule or regulation of any administrative or governmental body): 
 (a) failure to pay all or any part of any CVR Payment
Amount after a period of ten (10) Business Days after such CVR Payment Amount shall become due and payable on the CVR Payment Date or otherwise; 
 (b) material breach in the performance, or breach in any material respect, of any covenant or warranty of the Company in respect of the Securities (other than a covenant or warranty in respect of the
Securities, a breach in whose performance or other breach is specifically dealt with elsewhere in this SECTION 8.1), and continuance of such breach for a period of ninety (90) days after there has been given, by registered or certified mail, to
the 

  
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Company by the Trustee or to the Company and the Trustee by the Acting Holders, a written notice specifying such breach and requiring it to be remedied and stating that such notice is a
“Notice of Breach” hereunder; 
 (c) a court of competent jurisdiction shall enter a decree or order for relief in
respect of the Company in an involuntary case under any applicable bankruptcy, insolvency or other similar Law now or hereafter in effect, or shall appoint a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official)
for the Company or for any substantial part of its property or ordering the winding up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of ninety (90) consecutive days; or 

(d) the Company shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar Law now or hereafter in
effect, or consent to the entry of an order for relief in an involuntary case under any such Law, or consent to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of
the Company or for any substantial part of its property, or make any general assignment for the benefit of creditors. 
 Except
where authorization and/or appearance of each of the Holders is required by applicable Law, if a Breach described above occurs and is continuing, then either the Trustee may, by notice in writing to the Company, or the Trustee shall, upon the
written request of the Acting Holders by notice in writing to the Company and to the Trustee, bring suit to protect the rights of the Holders, including to obtain payment for any amounts then due and payable; which amounts shall bear interest at the
Breach Interest Rate from the date such amounts were due and payable until payment is made to the Trustee. 
 SECTION 8.2
Collection by the Trustee; the Trustee May Prove Payment Obligations. The Company covenants that in the case of any failure to pay all or any part of the Securities when the same shall have become due and payable, then upon demand of the
Trustee, the Company shall pay to the Trustee for the benefit of the Holders of the Securities the whole amount that then shall have become due and payable on all Securities (with interest from the date due and payable to the date of such payment
upon the overdue amount at the Breach Interest Rate); and in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including reasonable compensation to the Trustee and each predecessor Trustee,
their respective agents, attorneys and counsel, and any expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor Trustee, except as a result of its negligence or bad faith. 

The Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders by such appropriate judicial
proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this CVR Agreement or in aid of the exercise of any power granted herein, or to enforce
any other remedy. 
 In case the Company shall fail forthwith to pay such amounts upon such demand, the Trustee, in its own name
and as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at Law or in equity for the collection of the sums so due and 

  
 31 

 
unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final decree against the Company or other obligor upon such Securities
and collect in the manner provided by Law out of the property of the Company or other obligor upon such Securities, wherever situated, the moneys adjudged or decreed to be payable. 

In any judicial proceedings relative to the Company or other obligor upon the Securities, irrespective of whether any amount is then due
and payable with respect to the Securities, the Trustee is authorized: 
 (a) to file and prove a claim or claims for the whole
amount owing and unpaid in respect of the Securities, and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for reasonable compensation to the Trustee and each
predecessor Trustee, and their respective agents, attorneys and counsel, and for reimbursement of all expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor Trustee, except as a result of negligence or bad
faith) and of the Holders allowed in any judicial proceedings relative to the Company or other obligor upon the Securities, or to their respective property; 
 (b) unless prohibited by and only to the extent required by applicable Law, to vote on behalf of the Holders in any election of a trustee or a standby trustee in arrangement, reorganization, liquidation
or other bankruptcy or insolvency proceedings or Person performing similar functions in comparable proceedings; and 
 (c) to
collect and receive any moneys or other property payable or deliverable on any such claims, and to distribute all amounts received with respect to the claims of the Holders and of the Trustee on their behalf; and any trustee, receiver, or
liquidator, custodian or other similar official is hereby authorized by each of the Holders to make payments to the Trustee, and, in the event that the Trustee shall consent to the making of payments directly to the Holders, to pay to the Trustee
such amounts as shall be sufficient to cover reasonable compensation to the Trustee, each predecessor Trustee and their respective agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee
and each predecessor Trustee, except as a result of its negligence or bad faith, and all other amounts due to the Trustee or any predecessor Trustee pursuant to SECTION 4.7. To the extent that such payment of reasonable compensation, expenses,
disbursements, advances and other amounts out of the estate in any such proceedings shall be denied for any reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all distributions, dividends, moneys, securities
and other property which the Holders may be entitled to receive in such proceedings, whether in liquidation or under any plan of reorganization or safeguard arrangement or otherwise. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or vote for or accept or adopt on behalf of
any Holder any plan of reorganization, safeguard arrangement, adjustment or composition affecting the Securities, or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding
except, as aforesaid, to vote for the election of a trustee in bankruptcy or similar person. 

  
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 All rights of action and of asserting claims under this CVR Agreement, or under any of the
Securities, may be enforced by the Trustee without the possession of any of the Securities or the production thereof and any trial or other proceedings instituted by the Trustee shall be brought in its own name as trustee of an express trust, and
any recovery of judgment, subject to the payment of the expenses, disbursements and compensation of the Trustee, each predecessor Trustee and their respective agents and attorneys, shall be for the ratable benefit of the Holders. 

In any proceedings brought by the Trustee (and also any proceedings involving the interpretation of any provision of this CVR Agreement
to which the Trustee shall be a party) the Trustee shall be held to represent all the Holders, and it shall not be necessary to make any Holders of such Securities parties to any such proceedings (unless required by applicable Law). 

SECTION 8.3 Application of Proceeds. Any monies collected by the Trustee pursuant to this ARTICLE 8 in respect of any Securities
shall be applied in the following order at the date or dates fixed by the Trustee upon presentation of the several Securities in respect of which monies have been collected and stamping (or otherwise noting) thereon the payment in exchange for the
presented Securities if only partially paid or upon surrender thereof if fully paid: 
 FIRST: To the payment of costs
and expenses in respect of which monies have been collected, including reasonable compensation to the Trustee and each predecessor Trustee and their respective agents and attorneys and of all expenses and liabilities incurred, and all advances made,
by the Trustee and each predecessor Trustee, except as a result of its negligence or willful misconduct, and all other amounts due to the Trustee or any predecessor Trustee pursuant to SECTION 4.7; 

SECOND: To the payment of the whole amount then owing and unpaid upon all the Securities, with interest at the Breach Interest
Rate on all such amounts, and, in case such monies shall be insufficient to pay in full the whole amount so due and unpaid upon the Securities, then to the payment of such amounts without preference or priority of any security over any other
Security, ratably to the aggregate of such amounts due and payable; and 
 THIRD: To the payment of the remainder, if
any, to the Company or any other Person lawfully entitled thereto. 
 SECTION 8.4 Suits for Enforcement. In case a Breach
has occurred, has not been waived and is continuing, the Trustee may in its discretion (subject to SECTION 1.10) proceed to protect and enforce the rights vested in it by this CVR Agreement by such appropriate judicial proceedings as the Trustee
shall deem most effectual to protect and enforce any of such rights (unless authorization and/or appearance of each of the Holders is required by applicable Law), either at Law or in equity or in bankruptcy or otherwise, whether for the specific
enforcement of any covenant or agreement contained in this CVR Agreement or in aid of the exercise of any power granted in this CVR Agreement or to enforce any other legal or equitable right vested in the Trustee by this CVR Agreement or by Law.

 SECTION 8.5 Restoration of Rights on Abandonment of Proceedings. In case the Trustee or any Holder shall have
proceeded to enforce any right under this CVR Agreement and 

  
 33 

 
such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee or to such Holder, then and in every such case the Company and
the Trustee and the Holders shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Company, the Trustee and the Holders shall continue as though no such proceedings had been taken.

 SECTION 8.6 Limitations on Suits by Holders. Subject to the rights of the Holders under Section 8.7, no Holder of
any Security shall have any right by virtue or by availing itself of any provision of this CVR Agreement to institute any action or proceeding at Law or in equity or in bankruptcy or otherwise upon or under or with respect to this CVR Agreement, or
for the appointment of a trustee, receiver, liquidator, custodian or other similar official or for any other remedy hereunder, unless such Holder previously shall have given to the Trustee written notice of breach and of the continuance thereof, as
hereinbefore provided, and unless also the Acting Holders shall have made written request upon the Trustee to institute such action or proceedings in its own name as trustee hereunder and shall have offered to the Trustee such reasonable indemnity
as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee for thirty (30) days after its receipt of such notice and request shall have failed to institute any such action or proceeding and
no direction inconsistent with such written request shall have been given to the Trustee pursuant to SECTION 8.9; it being understood and intended, and being expressly covenanted by the taker and Holder of every Security with every other taker and
Holder and the Trustee, that no one or more Holders of Securities shall have any right in any manner whatever by virtue or by availing itself of any provision of this CVR Agreement to effect, disturb or prejudice the rights of any other such Holder
of Securities, or to obtain or seek to obtain priority over or preference to any other such Holder or to enforce any right under this CVR Agreement, except in the manner herein provided and for the equal, ratable and common benefit of all Holders of
Securities. For the protection and enforcement of the provisions of this Section 8.6, each and every Holder and the Trustee shall be entitled to such relief as can be given either at Law or in equity. 

SECTION 8.7 Unconditional Right of Holders to Receive Payment. Notwithstanding any other provision in this CVR Agreement and any
provision of any Security, the right of any Holder of any Security to receive payment of the amounts payable in respect of such Security on or after the respective due dates expressed in such Security, or to institute suit for the enforcement of any
such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 
 SECTION
8.8 Powers and Remedies Cumulative; Delay or Omission Not Waiver of Breach. 
 (a) Except as provided in SECTION 8.6, no
right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by Law, be cumulative and in addition to every
other right and remedy given hereunder or now or hereafter existing at Law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other
appropriate right or remedy. 
 (b) No delay or omission of the Trustee or of any Holder to exercise any right or power accruing
upon any Breach occurring and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Breach or an acquiescence therein; and, subject to SECTION 8.6, every power and remedy given by this CVR
Agreement or by Law to the Trustee or to the Holders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Holders. 

  
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 SECTION 8.9 Control by Holders. 

(a) The Majority Holders shall have the right to direct the time, method and place of conducting any proceeding for any remedy available
to the Trustee, or exercising any power conferred on the Trustee with respect to the Securities by this CVR Agreement; provided that such direction shall not be otherwise than in accordance with Law and the provisions of this CVR Agreement;
and provided further that (subject to the provisions of SECTION 4.1) the Trustee shall have the right to decline to follow any such direction if the Trustee, being advised by counsel, shall determine that the action or proceeding so
directed may not lawfully be taken or if the Trustee in good faith by its board of directors, the executive committee, or a committee of directors or Responsible Officers of the Trustee shall determine that the action or proceedings so directed
would involve the Trustee in personal liability or if the Trustee in good faith shall so determine that the actions or forbearances specified in or pursuant to such direction would be unduly prejudicial to the interests of Holders of the Securities
not joining in the giving of said direction. 
 (b) Nothing in this CVR Agreement shall impair the right of the Trustee in its
discretion to take any action deemed proper by the Trustee and which is not inconsistent with such direction or directions by Holders. 
 SECTION 8.10 Waiver of Past Breaches. 
 (a) In the case of a breach or a
Breach specified in clause (b), (c) or (d) of SECTION 8.1, the Majority Holders may waive any such Breach, and its consequences except a breach in respect of a covenant or provisions hereof which cannot be modified or amended without the
consent of the Holder of each Security affected. In the case of any such waiver, the Company, the Trustee and the Holders of the Securities shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall
extend to any subsequent or other breach or impair any right consequent thereon. 
 (b) Upon any such waiver, such breach shall
cease to exist and be deemed to have been cured and not to have occurred, and any Breach arising therefrom shall be deemed to have been cured, and not to have occurred for every purpose of this CVR Agreement; but no such waiver shall extend to any
subsequent or other Breach or other breach of any kind or impair any right consequent thereon. 
 SECTION 8.11 The Trustee to
Give Notice of Breach, But May Withhold in Certain Circumstances. The Trustee shall transmit to the Holders, as the names and addresses of such Holders appear on the Security Register (as provided under Section 313(c) of the Trust Indenture
Act, if applicable), notice by mail of all breaches which have occurred and are known to the 

  
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Trustee, such notice to be transmitted within ninety (90) days after the occurrence thereof, unless such breaches shall have been cured before the giving of such notice (the term
“breach” for the purposes of this SECTION 8.11 being hereby defined to mean any event or condition which is, or with notice or lapse of time or both would become, a Breach); provided that, except in the case of a failure to pay the
amounts payable in respect of any of the Securities, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or trustees and/or Responsible
Officers of the Trustee in good faith reasonably determines that the withholding of such notice is in the best interests of the Holders. 
 SECTION 8.12 Right of Court to Require Filing of Undertaking to Pay Costs. All Parties to this CVR Agreement agree, and each Holder of any Security by his acceptance thereof shall be deemed to have
agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this CVR Agreement or in any suit against the Trustee for any action taken, suffered or omitted by it as the Trustee, the filing by
any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including attorneys’ fees, against any party litigant in such suit, having due regard to the
merits and good faith of the claims or defenses made by such party litigant; but the provisions of this SECTION 8.12 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder or group of Holders holding in the
aggregate more than ten percent (10%) of the Outstanding Securities or to any suit instituted by any Holder for the enforcement of the payment of any Security on or after the due date expressed in such Security. 

ARTICLE 9 

CONSOLIDATION, MERGER, SALE OR CONVEYANCE 
 SECTION 9.1 Successor Person Substituted. 
 (a) The Company covenants that
it shall not merge or consolidate with or into any other Person (other than a wholly-owned subsidiary of the Company), split-off, or sell or convey all or substantially all of its assets to any Person (including in connection with a spin-off
transaction), unless (i) the Company shall be the continuing Person, or the successor Person or the Person which acquires by sale or conveyance all or substantially all the assets of the Company shall be a Person organized under the Laws of the
United States of America or any State thereof and shall expressly assume by an instrument supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the Securities, according to
their tenor, and the due and punctual performance and observance of all of the covenants and conditions of this CVR Agreement to be performed or observed by the Company, including, without limitation, the provisions concerning governing law and
consent to jurisdiction set forth in Section 1.10 hereof, and (ii) the Company, or such successor Person, as the case may be, shall not, immediately after such merger or consolidation, split-off, or such sale or conveyance, be in breach in
the performance of any such covenant or condition. 
 (b) In case of any such consolidation, merger, split-off, spin-off, sale
or conveyance, and following such an assumption by the successor Person, such successor Person shall succeed to and be substituted for the Company with the same effect as if it had been named herein. Such

  
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successor Person may cause to be signed, and may issue either in its own name or in the name of the Company prior to such succession any or all of the Securities issuable hereunder which
theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such successor Person instead of the Company and subject to all the terms, conditions and limitations in this CVR Agreement prescribed, the
Trustee shall authenticate and shall deliver any Securities which previously shall have been signed and delivered to the Trustee for authentication, and any Securities which such successor Person thereafter shall cause to be signed and delivered to
the Trustee for that purpose. All of the Securities so issued shall in all respects have the same legal rank and benefit under this CVR Agreement as the Securities theretofore or thereafter issued in accordance with the terms of this CVR Agreement
as though all of such Securities had been issued at the date of the execution hereof. 
 (c) In case of any such consolidation,
merger, sale or conveyance, such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. 
 (d) In the event of any such sale, transfer or conveyance (other than a conveyance by way of lease) the Company or any Person which shall theretofore have become such in the manner described in this
ARTICLE 9 shall be discharged from all obligations and covenants under this CVR Agreement and the Securities and may be liquidated and dissolved. 
 SECTION 9.2 Opinion of Counsel to the Trustee. The Trustee, subject to the provisions of Sections 4.1 and 4.2, shall receive an Officer’s Certificate and Opinion of Counsel, prepared in
accordance with Sections 1.2 and 1.3, as conclusive evidence that any such consolidation, merger, sale or conveyance, and any such assumption, and any such liquidation or dissolution, complies with the applicable provisions of this CVR Agreement,
and if a supplemental agreement is required in connection with such transaction, such supplemental agreement complies with this ARTICLE 9 and that there has been compliance with all conditions precedent herein provided for or relating to such
transaction. 
 SECTION 9.3 Successors. All covenants, provisions and agreements in this CVR Agreement by or for the
benefit of the Company, the Trustee or the Holders shall bind and inure to the benefit of their respective successors, assigns, heirs and personal representatives, whether so expressed or not. Neither this CVR Agreement nor any of the rights,
interests or obligations hereunder shall be assigned, in whole or in part, by any of the Parties without the prior written consent of each other Party. Notwithstanding the foregoing, the Company may assign this CVR Agreement without the prior
written consent of the other Parties to this CVR Agreement to one or more of its direct or indirect Subsidiaries, provided, however, that in the event of any such assignment the Company shall remain subject to its obligations and
covenants hereunder, including, but not limited to, its obligation to make any payments under the CVRs (including the CVR Payment Amount). 

  
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 ARTICLE 10 
 SUBORDINATION 
 SECTION 10.1 Agreement to Subordinate. The Company
agrees, and each Holder by accepting a Security hereunder agrees, that all payments under the CVRs, all other obligations under this CVR Agreement and the Securities and any rights or claims relating thereto (collectively, the “Junior
Obligations”) are subordinated in right of payment, to the extent and in the manner provided in this ARTICLE 10 to the prior payment in full in money or money’s worth of all Senior Obligations of the Company (whether outstanding on the
date hereof or hereafter created, incurred, assumed or guaranteed), and that the subordination is for the benefit of the holders of such Senior Obligations. 
 SECTION 10.2 Liquidation; Dissolution; Bankruptcy. Upon any distribution to creditors of the Company in a liquidation or dissolution of the Company or in a bankruptcy, reorganization, insolvency,
receivership or similar proceeding relating to the Company or its property, in an assignment for the benefit of creditors or any marshaling of the Company’s assets and liabilities: 

(a) holders of Senior Obligations will be entitled to receive payment in full in money or money’s worth of all Senior Obligations of
the Company (including interest after the commencement of any bankruptcy proceeding at the rate specified in the applicable Senior Obligation, whether or not permitted under such bankruptcy proceedings) before the Holders will be entitled to receive
any payment of any kind with respect to the Junior Obligations (other than securities of the Company or debt of the Company that is subordinated to the Senior Obligations on terms at least as favorable to holders of Senior Obligations as this
ARTICLE 10 (“Permitted Junior Securities”)); and 
 (b) until all Senior Obligations of the Company (as
provided in clause (a) above) are paid in full in money or money’s worth, any distribution to which Holders would be entitled but for this ARTICLE 10 (other than Permitted Junior Securities) will be made to holders of Senior Obligations of
the Company, as their interests may appear. 
 SECTION 10.3 When Distribution Must be Paid Over. 

(a) In the event that the Trustee or any Holder receives any payment of any Junior Obligations (other than Permitted Junior Securities)
at a time when the Trustee or such Holder has actual knowledge that such payment is prohibited by this ARTICLE 10, such payment will be held by the Trustee or such Holder, in trust for the benefit of, and will be paid forthwith over and delivered,
upon written request, to, the holders of Senior Obligations of the Company as their interests may appear or their representative under the agreement, indenture or other document (if any) pursuant to which such Senior Obligations may have been
issued, as their respective interests may appear, for application to the payment of all such Senior Obligations remaining unpaid to the extent necessary to pay such Senior Obligations in full in accordance with their terms, after giving effect to
any concurrent payment or distribution to or for the holders of Senior Obligations. 
 (b) With respect to the holders of Senior
Obligations, the Trustee undertakes to perform only those obligations on the part of the Trustee as are specifically set forth in this ARTICLE 10, and no implied covenants or obligations with respect to the holders of Senior Obligations will be read
into this CVR Agreement against the Trustee. The Trustee will not be deemed to owe any fiduciary duty to the holders of Senior Obligations, and will not be liable to any such holders if the Trustee pays over or distributes to or on behalf of Holders
or the Company or any other Person money or assets to which any holders of Senior Obligations are then entitled by virtue of this ARTICLE 10, except if such payment is made as a result of the willful misconduct or negligence of the Trustee.

  
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 SECTION 10.4 Notice by the Company. The Company will promptly notify the Trustee of
any facts known to the Company that would cause a payment of any Junior Obligations to violate this ARTICLE 10, but failure to give such notice will not affect the subordination of the Junior Obligations to the Senior Obligations as provided in this
ARTICLE 10. 
 SECTION 10.5 Subrogation. After all Senior Obligations are paid in full in money or money’s worth and
until the Junior Obligations are paid in full, Holders will be subrogated to the rights of holders of Senior Obligations to receive distributions applicable to Senior Obligations to the extent that distributions otherwise payable to the Holders have
been applied to the payment of Senior Obligations. The Holders by accepting the Securities acknowledge that to the extent that the Senior Obligations are determined to be unenforceable, or the Senior Obligations are subordinated to other obligations
of the Company, such subrogation rights may be impaired. 
 SECTION 10.6 Relative Rights. This ARTICLE 10 defines the
relative rights of Holders and holders of Senior Obligations. Nothing in this CVR Agreement will: 
 (a) impair, as between the
Company and Holders, the obligations of the Company under this CVR Agreement and the Securities; 
 (b) affect the relative
rights of Holders and creditors of the Company other than their rights in relation to holders of Senior Obligations; or 
 (c)
prevent the Trustee or any Holder from exercising its available remedies upon a Breach, subject to the rights of holders of Senior Obligations to receive distributions and payments otherwise payable to Holders under this ARTICLE 10. 

If the Company fails because of this ARTICLE 10 to pay any amounts due in respect of the Securities on a due date in violation of SECTION 3.1(e), the
failure is still a Breach. 
 SECTION 10.7 Subordination May Not be Impaired by the Company. No right of any holder of
Senior Obligations to enforce the subordination of the Junior Obligations may be impaired by any act or failure to act by the Company or any Holder or by the failure of the Company or any Holder to comply with this CVR Agreement. 

SECTION 10.8 Distribution or Notice to the Representative. Whenever a distribution is to be made or a notice given to holders of
Senior Obligations, the distribution may be made and the notice given to their representative in accordance with the terms of the instrument or 

  
 39 

 
other agreement governing such Senior Obligations. Upon any payment or distribution of assets of the Company referred to in this ARTICLE 10, the Trustee and the Holders will be entitled to rely
upon any order or decree made by any court of competent jurisdiction or upon any certificate of such representative or of the liquidating trustee or agent or other Person making any distribution to the Trustee or to the Holders for the purpose of
ascertaining the Persons entitled to participate in such distribution, the holders of the Senior Obligations and other obligations of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other
facts pertinent thereto or to this ARTICLE 10. 
 SECTION 10.9 Rights of the Trustee. Notwithstanding the provisions of
this ARTICLE 10 or any other provision of this CVR Agreement, the Trustee will not be charged with knowledge of the existence of any facts that would prohibit the making of any payment or distribution by the Trustee, and the Trustee may continue to
make payments on the Securities, unless the Trustee has received at its address for notice specified in SECTION 1.5 at least five (5) Business Days prior to the date of such payment written notice of facts that would cause the payment of any
Junior Obligations to violate this ARTICLE 10. Only the Company or a representative of Senior Obligations may give the notice. Nothing in this ARTICLE 10 will impair the claims of, or payments to, the Trustee under or pursuant to SECTION 4.7 hereof.
The Trustee in its individual or any other capacity may hold Senior Obligations with the same rights it would have if it were not the Trustee. 
 SECTION 10.10 Authorization to Effect Subordination. Each Holder, by the Holder’s acceptance of the Securities, authorizes and directs the Trustee on such Holder’s behalf to take such
action as may be necessary or appropriate to effectuate the subordination as provided in this ARTICLE 10, and appoints the Trustee to act as such Holder’s attorney-in-fact for any and all such purposes. If the Trustee (or any other Person
acting on behalf of and at the direction of the Majority Holders) does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in SECTION 8.2 hereof at least thirty (30) days before the expiration of
the time to file such claim, the representatives of the Senior Obligations are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities. 

SECTION 10.11 Amendments. The provisions of this ARTICLE 10 are expressly made for the benefit of the holders from time to time of
the Senior Obligations, and may not be amended or modified without the written consent of the representatives of the holders of all Senior Obligations. 
 SECTION 10.12 Subordination Language to be Included in the Securities. Each Security shall contain a subordination provision which will be substantially in the following form: 

“The Securities of this series are subordinated in right of payment, in the manner and to the extent set forth in the CVR Agreement,
to the prior payment in full of all Senior Obligations of the Company (as defined in the CVR Agreement). Each Holder by accepting a Security agrees to such subordination and authorizes the Trustee to give it effect.” 

  
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 IN WITNESS WHEREOF, the Parties hereto have caused this CVR Agreement to be duly executed,
all as of the day and year first above written. 
  

			
	COMMUNITY HEALTH SYSTEMS, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	 [TRUSTEE],

as the Trustee

		
	By:	 	  

		 	Name:
		 	Title:

 ANNEX A 
 THE SECURITIES OF THIS SERIES ARE SUBORDINATED IN RIGHT OF PAYMENT, IN THE MANNER AND TO THE EXTENT SET FORTH IN THE CVR AGREEMENT, TO THE PRIOR PAYMENT IN FULL OF ALL SENIOR OBLIGATIONS OF THE COMPANY
(AS DEFINED IN THE CVR AGREEMENT). EACH HOLDER BY ACCEPTING A SECURITY AGREES TO SUCH SUBORDINATION AND AUTHORIZES THE TRUSTEE TO GIVE IT EFFECT. 
 COMMUNITY HEALTH SYSTEMS, INC. 
 No.
             Certificate for                  Contingent Value Rights 

This certifies that [            ], or registered assigns (the
“Holder”), is the registered holder of the number of Contingent Value Rights (“CVRs” or “Securities”) set forth above. Each CVR entitles the Holder, subject to the provisions contained herein and in
the CVR Agreement referred to on the reverse hereof, to payments from Community Health Systems, Inc., a Delaware corporation (the “Company”), in the amounts and in the forms determined pursuant to the provisions set forth on the
reverse hereof and as more fully described in the CVR Agreement referred to on the reverse hereof. Such payments shall be made on a CVR Payment Date, as defined in the CVR Agreement referred to on the reverse hereof. 

Payment of any amounts pursuant to this CVR Certificate shall be made only to the registered Holder (as defined in the CVR Agreement) of
this CVR Certificate. Such payment shall be made in the Borough of Manhattan, The City of New York, New York, or at any other office or agency maintained by the Company outside of the City of New York, New York for such purpose, in such coin or
currency of the United States of America as at the time is legal tender for the payment of public and private debts; provided, however, the Company may pay such amounts by wire transfer or check payable in such money. [TRUSTEE]
has been initially appointed as Paying Agent at its office or agency in the Borough of Manhattan, The City of New York, New York. 
 Reference is hereby made to the further provisions of this CVR Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this
place. 
 Unless the certificate of authentication hereon has been duly executed by the Trustee referred to on the reverse
hereof by manual signature, this CVR Certificate shall not be entitled to any benefit under the CVR Agreement, or be valid or obligatory for any purpose. 

  
 A-1

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

  

									
		 		 		 	COMMUNITY HEALTH SYSTEMS, INC.
					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:
	Dated:	 		 		 		 	
					
	Attest:	 	  
	 		 		 	
		 	Authorized Signature	 		 		 	

  
 A-2

 [Form of Reverse of CVR Certificate] 

1. This CVR Certificate is issued under and in accordance with the Contingent Value Rights Agreement, dated as of [—], 2013 (the “CVR Agreement”), by and between the Company and [—], a [—], as trustee
(the “Trustee,” which term includes any successor Trustee under the CVR Agreement), and is subject to the terms and provisions contained in the CVR Agreement, to all of which terms and provisions the Holder of this CVR Certificate
consents by acceptance hereof. The CVR Agreement is hereby incorporated herein by reference and made a part hereof. Reference is hereby made to the CVR Agreement for a full statement of the respective rights, limitations of rights, duties,
obligations and immunities thereunder of the Company, the Trustee and the Holders of the CVRs. All capitalized terms used in this CVR Certificate without definition shall have the respective meanings ascribed to them in the CVR Agreement. Copies of
the CVR Agreement can be obtained by contacting the Trustee. 
 2. In the event of any conflict between this CVR Certificate and
the CVR Agreement, the CVR Agreement shall govern and prevail. 
 3. Subject to the terms and conditions of the CVR Agreement,
on the CVR Payment Date, the Company shall pay to the Trustee, for the benefit of the Holder hereof as of the applicable record date, for each CVR represented hereby, the CVR Payment Amount. 

4. Payment of any amounts pursuant to the CVRs, if any, shall be payable by the Company in such coin or currency of the United States of
America as at the time is legal tender for the payment of public and private debts; provided, however, the Company may pay such amounts by its check or wire transfer payable in such money. [TRUSTEE] has been initially appointed
as Paying Agent at its office or agency in the Borough of Manhattan, The City of New York. 
 5. If a Breach occurs and is
continuing, either the Trustee may or the Acting Holders, by notice in writing to the Company and to the Trustee shall, bring suit in accordance with the terms and conditions of the CVR Agreement to protect the rights of the Holders, including to
obtain payment of all amounts then due and payable, with interest at the Breach Interest Rate from the date of the Breach through the date payment is made or duly provided for. 

6. No reference herein to the CVR Agreement and no provision of this CVR Certificate or of the CVR Agreement shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay any amounts determined pursuant to the terms hereof and of the CVR Agreement at the times, place and amount, and in the manner, herein prescribed. 

7. As provided in the CVR Agreement and subject to certain limitations therein set forth, the transfer of the CVRs represented by this
CVR Certificate is registrable on the Security Register, upon surrender of this CVR Certificate for registration of transfer at the office or agency of the Company maintained for such purpose in the Borough of Manhattan, The City of New York,
accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new CVR Certificates, for the
same amount of CVRs, shall be issued to the designated transferee or transferees. The Company hereby initially designates the office of [TRUSTEE] at [—] as the office for
registration of transfer of this CVR Certificate. 

  
 A-3

 8. As provided in the CVR Agreement and subject to certain limitations therein set forth,
this CVR Certificate is exchangeable for one or more CVR Certificates representing the same number of CVRs as represented by this CVR Certificate as requested by the Holder surrendering the same. 

9. No service charge shall be made for any registration of transfer or exchange of CVRs, but the Company may require payment of a sum
sufficient to cover any documentary, stamp or similar tax or other similar governmental charge payable in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Sections 3.4, 3.6 or 6.6 of the CVR
Agreement not involving any transfer. 
 10. Prior to the time of due presentment of this CVR Certificate for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this CVR Certificate is registered as the owner hereof for all purposes, and neither the Company, the Trustee nor any agent shall be
affected by notice to the contrary. 
 11. Neither the Company nor the Trustee has any duty or obligation to the Holder of this
CVR Certificate, except as expressly set forth herein or in the CVR Agreement. 
 12. As provided in the CVR Agreement and
subject to certain limitations therein set forth, the rights of the Holder of this CVR Certificate shall terminate on the CVR Payment Date. 
 13. Governing Law; Jurisdiction; Venue; Waiver of Jury Trial. THIS CVR CERTIFICATE AND THE CVR AGREEMENT AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT) THAT MAY BE BASED UPON,
ARISE OUT OF OR RELATE TO THIS CVR CERTIFICATE AND THE CVR AGREEMENT, OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS CVR CERTIFICATE AND THE CVR AGREEMENT (INCLUDING ANY CLAIM OR CAUSE OF ACTION BASED UPON, ARISING OUT OF OR RELATED TO ANY
REPRESENTATION OR WARRANTY MADE IN OR IN CONNECTION WITH THIS CVR CERTIFICATE AND THE CVR AGREEMENT OR AS AN INDUCEMENT TO ACCEPT THIS CVR CERTIFICATE) OR THE SECURITIES, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK, INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF. EACH OF THE COMPANY, THE TRUSTEE AND EACH OF THE HOLDERS BY THEIR ACCEPTANCE OF
THE SECURITIES, HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN
RESPECT OF ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE TO THIS CVR CERTIFICATE AND THE CVR AGREEMENT, OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS CVR CERTIFICATE AND THE CVR
AGREEMENT 

  
 A-4

 
(INCLUDING ANY CLAIM OR CAUSE OF ACTION BASED UPON, ARISING OUT OF OR RELATED TO ANY REPRESENTATION OR WARRANTY MADE IN OR IN CONNECTION WITH THIS CVR CERTIFICATE AND THE CVR AGREEMENT OR AS AN
INDUCEMENT TO ACCEPT THIS CVR CERTIFICATE), OR THE SECURITIES, AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS. ANY CONTROVERSY WHICH MAY ARISE UNDER THE CVR
AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH OF THE HOLDERS BY ACCEPTANCE OF THIS CVR CERTIFICATE HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PERSON MAY HAVE TO A TRIAL BY JURY IN RESPECT OF
ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THE CVR AGREEMENT OR THE SUBJECT MATTER THEREOF. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS CVR AGREEMENT, IN NO EVENT SHALL THE COMPANY BE RESPONSIBLE TO ANY HOLDER
FOR ANY CONSEQUENTIAL, SPECIAL OR PUNITIVE DAMAGES. 

  
 A-5

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the CVR Certificates referred to in the within-mentioned CVR Agreement. 

 

			
	 [—],
 as the Trustee

		
	By:	 	  

		 	Authorized Signatory

 Dated: 

  
 A-6

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