Document:

EX-10.16

 Exhibit 10.16 

FIRST AMENDMENT TO OFFICE LEASE 

This FIRST AMENDMENT TO OFFICE LEASE (“First Amendment”) is made and entered into as of the 5th day of June, 2015, by and
between KILROY REALTY FINANCE PARTNERSHIP, L.P., a Delaware limited partnership (“Landlord”), and DROPBOX, INC., a Delaware corporation (“Tenant”). 

R E C I T A L S : 

A. Landlord and Tenant entered into that certain Office Lease dated January 31, 2014 (the “Lease”) whereby Landlord
leases to Tenant and Tenant leases from Landlord 182,054 rentable square feet of space, consisting of the all of the office space in the that certain building (the “Building”) located at 333 Brannan Street, San Francisco,
California. 
 B. The parties desire to amend the Lease on the terms and conditions set forth in this First Amendment. 

A G R E E M E N T : 

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1. Terms. All capitalized terms when used herein shall have the same respective meanings as are given such terms
in the Lease unless expressly provided otherwise in this First Amendment. 
 2. Building Bridges.
Pursuant to the terms of Section 1.1.4 of the Lease and Section 1.3 of the Work Letter, Landlord agreed to use commercially reasonable efforts to install no more than eight (8) “Building
Bridges” (as that term is defined in the Lease) connecting floors two (2) through five (5) of the Premises to the corresponding floors of the “Adjacent Building” (as that term is defined in the Lease). Notwithstanding any
provision to the contrary contained in the Lease, Landlord hereby agrees to install eleven (11) of such Building Bridges connecting the applicable floors of the Premises to the corresponding floors in the Adjacent Building, and Tenant hereby
agrees that the cost to construct such additional three (3) Building Bridges shall be deducted from the Improvement Allowance as an “Approved Tenant Minor Change” (as that term is defined in Section 3.2
below) pursuant to the terms of Section 3 below. 
 3. Tenant Changes to Base, Shell and
Core. 
 3.1 Notwithstanding any provision to the contrary contained in the Lease, Tenant shall have the right to request
additional changes to the “Base Building Plans” (as that 

  
 -1- 

 
term defined in the Lease) in writing, subject to Landlord’s reasonable approval, and provided that, (i) such modifications do not materially adversely affect the quality of the
“Base, Shell and Core” (as that term defined in the Lease), (ii) such modifications are consistent with the base building components of “Comparable Buildings” (as that term defined in the Lease), (iii) such changes do not
materially adversely affect the LEED certification for the Base, Shell and Core, (iv) such changes comply with Applicable Laws, (v) such changes do not have a material adverse effect on the Building Structure or the Building Systems and do
not affect the exterior appearance of the Building (except for the additional Building Bridges to be constructed pursuant to Section 2 above), and (vi) such changes will not materially affect the critical path of construction of the
Base, Shell and Core, the parties acknowledging that any change that would delay the critical path of construction is material (“Tenant Minor Changes”). 

3.2 Landlord and Tenant hereby acknowledge that Tenant has requested and Landlord has approved the following Tenant Minor Changes prior to
the date of this First Amendment: (a) the construction of three (3) additional Building Bridges, as further set forth in Section 2 above, (b) certain engineering modifications to the Base, Shell and Core, and
(iii) certain security modifications to the Base, Shell and Core (collectively, the “Approved Tenant Minor Changes”), as such Approved Tenant Minor Changes are more particularly described on Exhibit A attached to
this First Amendment. The aggregate “Cost Estimate” (as that term is defined below) for the Approved Tenant Minor Changes is Five Hundred Seventeen Thousand Eight Hundred and 00/100 Dollars ($517,800.00), which Cost Estimate with respect
to the Approved Tenant Minor Changes is based upon Building Bridge pricing as established in the original Lease, and a bid for such other Approved Tenant Minor Changes from Swinerton Builders. Landlord shall construct the Approved Tenant Minor
Changes, and the cost thereof shall be deducted from the Improvement Allowance. 
 3.3 In connection with any additional Tenant Minor
Changes, Tenant must deliver notice requesting any such Tenant Minor Changes to Landlord on or before October 1, 2015. Landlord shall approve or disapprove any proposed future Tenant Minor Change within ten (10) business days after receipt
thereof; provided, however, that if Landlord fails to notify Tenant of Landlord’s approval or disapproval of any requested Tenant Minor Change within the ten (10) business day review period for approval or disapproval thereof, Tenant shall
deliver Landlord an additional notice requesting approval and if Landlord thereafter fails to respond within five (5) business days of receipt of such additional notice, Landlord will be deemed to have approved the proposed Tenant Minor Change.
If Landlord disapproves of any proposed Tenant Minor Change, then Landlord shall state in reasonable detail its reasons for disapproving the proposed Tenant Minor Change. Following any request by Tenant for any Tenant Minor Changes, Landlord shall
promptly deliver to Tenant written notice of the Cost Estimate of the costs that will be incurred to implement the proposed Tenant Minor Change (a “Landlord’s Change Notice”). After receipt of Landlord’s Change Notice, if
Tenant advises Landlord to proceed with the proposed Tenant Minor Change, then the proposed Tenant Minor Change shall be incorporated into the Base Building Plans and the Base, Shell and Core and the cost of each approved Tenant Minor Change shall
be deducted from the Improvement Allowance; provided, however, that Landlord shall deliver to Tenant an accounting of such costs promptly following the completion of any such approved Tenant Minor Change if such costs exceed the Cost Estimate
therefor, which accounting shall be satisfactory to Tenant in Tenant’s reasonable judgment. A “Cost Estimate” with respect to any change shall be Landlord’s reasonable 

  
 -2- 

 
estimate of the following: (1) direct construction costs thereof, (2) related general contractor’s general conditions, overhead and general contractor’s other indirect costs
thereof (with respect to which Landlord shall provide Tenant with adequate supporting documentation for Tenant’s confirmation), (3) the general contractors fee, which shall be the same fee being paid be Landlord to the Landlord GC for the
construction of the Base, Shell and Core, and (4) design, permitting, testing, inspecting, engineering and other indirect costs to be at Landlord’s actual costs incurred (i.e., there will be no Landlord markup). 

4. Address of Tenant for Notices. Section 10 of the Summary attached to the Lease is hereby amended to
provide that any Notices to Tenant shall be delivered to the following addresses: 
  

			
		 	 Dropbox, Inc.
 185 Berry Street

4th Floor

San Francisco, California 94107
 Attention: Christopher Hom and
Sarah Kelley
  
 With at all times, a copy to:

 
 Dropbox, Inc.

185 Berry Street

4th Floor

San Francisco, California 94107
 Attention: General Counsel

 
 Shartsis Friese LLP

One Maritime Plaza, 18th Floor

San Francisco, California 94111

Attention: Jonathan M. Kennedy

 5. Broker. Landlord and Tenant hereby warrant to each other that they have had no
dealings with any real estate broker or agent in connection with the negotiation of this First Amendment, and that they know of no other real estate broker or agent who is entitled to a commission in connection with this First Amendment. Each party
agrees to indemnify and defend the other party against and hold the other party harmless from any and all claims, demands, losses, liabilities, lawsuits, judgments, costs and expenses (including without limitation reasonable attorneys’ fees)
with respect to any leasing commission or equivalent compensation alleged to be owing on account of any dealings with any real estate broker or agent, occurring by, through, or under the indemnifying party. The terms of this
Section 5 shall survive the expiration or earlier termination of the term of the Lease, as hereby amended. 

6. California Accessibility Disclosure. For purposes of Section 1938 of the California Civil Code, Landlord
hereby discloses to Tenant, and Tenant hereby acknowledges that the Common Areas and the Premises have not undergone inspection by a Certified Access Specialist (CASp). 

  
 -3- 

 7. No Further Modification. Except as specifically set forth in
this First Amendment, all of the terms and provisions of the Lease shall remain unmodified and in full force and effect. 
 IN
WITNESS WHEREOF, this First Amendment has been executed as of the day and year first above written. 
 LANDLORD: 

KILROY REALTY FINANCE PARTNERSHIP, L.P., 
 a Delaware limited
partnership 
  

					
	 By:
	 	 Kilroy Realty Finance, Inc.,

		 	 a Delaware corporation,

			
		 	 Its:
	 	 General Partner

			
		 	 By:
	 	 /s/ Jeffrey C. Hawken

		 	 Name:
	 	Jeffrey C. Hawken
		 	 Title:
	 	President
			
		 	 By:
	 	 /s/ Mike L. Sanford

		 	 Name:
	 	Mike L. Sanford
		 	 Title:
	 	Executive Vice President Northern California

  

					
	 TENANT:
	 	
		
	 DROPBOX, INC.,

a Delaware corporation
	 	

					
			
	 By:
	 	 /s/ Vanessa Wittman
	 	
	 Name:
	 	 Vanessa Wittman
	 	
	 Title:
	 	 CFO
	 	
			
	 By:
	 	 /s/ Drew Houston
	 	
	Name:	 	Drew Houston	 	
	Title:	 	CEO	 	

  
 -4- 

 EXHIBIT A 

APPROVED TENANT MINOR CHANGES 
 1.
Three additional Building Bridges at floors, placed as needed on floors 2-5. 
 2. Engineering modifications to
plans to allow for access control and security modifications. 
 3. Security modifications to convert access control and CCTV system to Avigilon type
system. 

  
 -1-EX-10.17

 Exhibit 10.17 

SECOND AMENDMENT TO OFFICE LEASE 

This SECOND AMENDMENT TO OFFICE LEASE (“Second Amendment”) is made and entered into as of the 3rd day of May, 2016, by
and between KILROY REALTY FINANCE PARTNERSHIP, L.P., a Delaware limited partnership (“Landlord”), and DROPBOX, INC., a Delaware corporation (“Tenant”). 

R E C I T A L S : 

A. Landlord and Tenant are parties to that certain Office Lease dated January 31, 2014 (the “Office Lease”) and that
certain First Amendment to Office Lease dated June 5, 2015 (the “First Amendment”) (the Office Lease, as amended by the First Amendment, is referred to herein as the “Lease”), whereby Landlord currently leases
to Tenant and Tenant leases from Landlord all of the rentable office space (the “Office Premises”) in that certain office building located and addressed at 333 Brannan Street, San Francisco, California, and more particularly defined
in the Lease as the “Building.” The Office Premises consists of 182,054 rentable square feet of space. The Building includes a subterranean parking garage area (the “Garage”) that is currently part of the Common
Areas and is not currently included in the Premises. 
 B. Tenant desires to expand the Premises currently leased under the Lease to include
the Garage. Landlord and Tenant desire to enter into this Second Amendment to provide for the inclusion of the Garage in the Premises covered by the Lease, and to make other modifications to the Lease, all as herein provided. 

A G R E E M E N T : 

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1.
Capitalized Terms. All initially capitalized defined terms used herein shall have the same meanings as are given such terms in the Lease unless expressly defined in this Second Amendment. 

2. Expansion of the Premises; Storage Space Reserved to Landlord. 

2.1 As of April 1, 2016 (the “Expansion Effective Date”), Tenant shall lease from Landlord and Landlord shall lease to
Tenant the Garage. The Garage is generally outlined in the diagram attached as Exhibit G-1 hereto. Consequently, as of the Expansion Effective Date, (a) the “Premises” as defined
in the Lease shall include both the Office Premises and the Garage, and (b) the Office Premises and the Garage shall be referred to collectively in the Lease as amended hereby (the “Amended Lease”) as the
“Premises” (except as otherwise provided in this Second Amendment). 
 2.2 Subject to the terms of this Second Amendment,
Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement, maintenance, repair or operation of the Garage from and after the Expansion Effective Date, all of which shall be Tenant’s
responsibility as provided (and subject to any express limitations) in 

  
 -1- 

 
this Second Amendment. Tenant shall accept the Garage and continue to accept the Office Premises in their presently existing “as-is” condition,
subject only to any express obligations of Landlord under this Second Amendment to the contrary. 
 2.3 Notwithstanding anything to the
contrary in this Second Amendment, Landlord reserves the right, throughout the Garage Term defined below, to access and use the portion of the Garage shown on Exhibit G-2 hereto as “storage
area” for the purpose of storing non-hazardous materials and for no other purpose. Such access and use by Landlord shall be at Landlord’s sole risk and without offset or charge by Tenant, and
maintenance of the storage area in good condition and repair shall be the sole responsibility of Landlord. 
 3. Garage Term.
The term of Tenant’s leasing of the Garage, and Tenant’s obligation to pay Rent with respect to the Garage as provided in this Second Amendment, shall commence on the Expansion Effective Date and expire, unless sooner terminated in
accordance with the terms of the Amended Lease, on the Lease Expiration Date (which is August 31, 2027) (the “Garage Term”). Tenant has no right to extend the Garage Term as to the Garage and the terms of
Section 2.2 of the Office Lease are not applicable to Tenant’s lease of the Garage. 
 4. Base
Rent. 
 4.1 Base Rent for the Office Premises. Tenant shall continue to pay Base Rent for the Office Premises at the
rates provided in the Lease. 
 4.2 Base Rent for the Garage. Commencing on the Expansion Effective Date and continuing
throughout the Garage Term, in addition to the Base Rent due on the Office Premises as required by the Lease, Tenant shall pay to Landlord installments of Base Rent for the Garage as follows: 

 

					
	 Period During Garage Term
	  	Monthly
Installment
of Base Rent
Covering the
Garage	 
	 Expansion Effective Date-8/31/16
	  	$	13,000.00	 
	 9/1/16-8/31/17
	  	$	13,390.00	 
	 9/1/17-8/31/18
	  	$	13,791.70	 
	 9/1/18-8/31/19
	  	$	14,205.45	 
	 9/1/19-8/31/20
	  	$	14,631.61	 
	 9/1/20-8/31/21
	  	$	15,070.56	 
	 9/1/21-8/31/22
	  	$	15,522.68	 
	 9/1/22-8/31/23
	  	$	15,988.36	 
	 9/1/23-8/31/24
	  	$	16,468.01	 
	 9/1/24-8/31/25
	  	$	16,962.05	 
	 9/1/25-8/31/26
	  	$	17,470.91	 
	 9/1/26-8/31/27
	  	$	17,995.04	 

  
 -2- 

 All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease; provided, however, for
avoidance of doubt, the abatement provisions contained in Section 3.2 of the Office Lease do not apply to the Garage Base Rent. Commencing on the Expansion Effective Date, Tenant shall no longer have to pay for, nor shall
Landlord be obligated to provide, parking passes pursuant to Article 28 of the Office Lease. 
 5. Direct Expenses.
Prior to the Expansion Effective Date, Tenant shall continue to pay Direct Expenses in connection with the Office Premises in accordance with the terms of the Lease. In consideration of the fact that Tenant will be assuming responsibility for the
operation of and taxes applicable to the Garage, effective as of the Expansion Effective Date, Tenant shall assume responsibility for 100% of the Direct Expenses applicable to the Garage, and there shall be no Base Year concept applicable to the
Direct Expenses applicable to the Garage (or, stated other ways, (a) Tenant’s Share of Direct Expenses applicable to the Garage in the Base Year shall equal zero, and (b) the Lease shall become what is commonly known as “triple
net” as to Direct Expenses applicable to the Garage). In connection therewith, Landlord’s Estimate Statement and Statement of Direct Expenses payable by Tenant under the Amended Lease, as described in Sections 4.4.1 and 4.4.2 of the Office
Lease, will contain a reasonably detailed breakdown of Direct Expenses (or estimated Direct Expenses, as applicable) attributable to the Garage, as differentiated from Direct Expenses attributable to the Office Premises. 

6. Permitted Use. Tenant and its employees, visitors, contractors, invitees and/or subtenants (subtenants being subject to the
last paragraph of Section 8 below and the other terms of the Lease governing assignments and sublettings) may use the Garage only for parking purposes; provided, however that if Tenant seeks to provide parking to any user
other than Tenant and its permitted subtenants and their respective employees, visitors, contractors and/invitees or to use the Garage for other than ordinary parking purposes (herein a “Third Party Use”), such Third Party Use must
comply with all Applicable Laws and shall not be materially more intensive (as far as wear and tear on the Garage facility) than the use of the Garage for ordinary vehicular parking purposes. By way of example (but not limitation), a more
“intensive” use of the Garage might be the parking of fork lifts or the storing of heavy materials or equipment. Tenant shall be entitled to all revenue generated from any Third Party Use and such use will not be subject to the subleasing
or assignment provisions, or any Transfer Premium sharing provisions, of Article 14 of the Office Lease. 
 7.
Maintenance. Tenant shall maintain and operate the Garage in good condition and repair and consistent with the standards to which Landlord has maintained and operated the Garage prior to the Expansion Effective Date (and otherwise in
compliance with and subject to the terms of Article 7 of the Office Lease as if the Garage was originally part of the Premises covered by the Office Lease); provided, however, that as concerns the Building Structure and Building Systems
portions of the Garage, Landlord shall be responsible therefor in accordance with the terms of said Article 7, and the costs incurred by Landlord in connection therewith may be charged as Operating Expenses applicable to the Garage (that is,
on a “net” basis and not subject to a Base Year) to the extent permitted under Section 4.2.4 of the Office Lease. 

8. Operation of the Garage. During the period commencing as of the Expansion Effective Date and expiring as of June 30,
2016, Landlord or an Operator (defined below) selected by Landlord, will operate the Garage on behalf of Tenant. During such period, Tenant will reimburse Landlord (as additional rent) for the cost charged by Landlord’s Operator to operate the
Garage within thirty (30) days following delivery of an invoice therefor 

  
 -3- 

 
(accompanied by reasonably detailed back-up documentation) by Landlord to Tenant. Tenant shall operate the Garage to a standard at least consistent with
the manner in which the Garage is being operated on the Expansion Effective Date. Without limiting the foregoing, while the Garage is operated as a commercial parking garage, Tenant shall, at Tenant’s sole cost, contract with a contractor
reasonably satisfactory to Landlord to operate the Garage (Impark, ABM Parking, SP+, Tower Valet, Ace Parking, and Citypark, and any successors thereto by operation of law, being garage operators which are currently satisfactory to Landlord, but
Tenant may suggest alternative union operators for Landlord’s consideration) (the “Operator”). Tenant shall cause such Operator to maintain such amounts of garagekeeper’s liability insurance or comparable coverage, as may
be customary for such Operator’s operations of parking garages similar to the Garage in the City and County of San Francisco. Tenant shall cause Operator’s garagekeeper’s liability insurance to name Landlord and Tenant as additional
insureds under such coverage. Any agreement entered into between Tenant and such Operator shall provide that the Operator shall provide written evidence of the coverage required hereunder promptly after written request by Landlord or Tenant.
Additionally the parties agree that, during the Garage Term, changes in the insurance industry may require alternative insurance with respect to the type of insurance provided, the insured risk, amount of deductibles, etc. Accordingly, Tenant shall
purchase (or shall cause the Operator to purchase), if required by such circumstances and at Tenant’s (or the Operator’s) sole cost and expense, substitute or additional insurance of a type generally available and prudently purchased by
operators of similar parking facilities and exposed to similar risks, taking into account a prudent cost/benefit analysis of the purchase of such insurance. Such alternative insurance must provide at least the same degree of protection and coverage
as that originally required under this Section (the “Current Coverage”) unless and to the extent that any coverage which is a component of the Current Coverage is no longer commercially available or typically maintained by similar
garage operators. Landlord will not be required to provide security, janitorial or cleaning services for the Garage. Tenant may in its discretion, discontinue parking operations in all or a portion of the Garage so long as any portion of the Garage
operated as a commercial parking facility shall comply with the foregoing, and any use of the portion of the Garage not operated as a commercial parking facility is reasonably ancillary to the Permitted Use specified in the Lease (and not in
violation of Section 5.2 of the Office Lease), and such ancillary use otherwise complies with the Lease. Without limiting the terms of Section 7 above or this Section 8,
because the Premises originally leased by Tenant under the Lease was “office space” and the Lease therefore did not contemplate Tenant operating, maintaining and repairing a garage facility, and in order to avoid doubt, from and after the
Expansion Effective Date, Tenant shall, at its sole cost, with respect to the Garage, do or cause the following to be done (or Tenant may request that Landlord handle some of these activities on Tenant’s behalf to the extent Landlord has been
handling them in the past, in which case the costs incurred by Landlord in doing so will be billed to Tenant as Operating Expenses applicable to the Garage): 

8.1 Clean and maintain all surfaces of the Garage and keep such surfaces level and evenly covered with the type of surfacing material
originally installed thereon, or such substitute thereof as shall be reasonably equal thereto in quality, appearance and durability; 
 8.2
Remove all papers, debris, filth and refuse from the Garage and wash or thoroughly sweep paved areas on a periodic basis; 
 8.3 Remove
trash from trash receptacles and clean trash receptacles on a 

  
 -4- 

 
periodic basis; 
 8.4 Clean, maintain, repair and replace entrance, exit and
directional signs, traffic control signage, markers and lights into and within the Garage on a periodic basis; 
 8.5 Clean lighting
fixtures and relamp and reballast as necessary; 
 8.6 Maintain, repair and replace striping and curbing; 

8.7 Repaint and refinish all painted and finished surfaces as necessary and keep all surfaces free of graffiti; 

8.8 Clean, maintain and repair all stairs, stairwells and stairwell doors within the Garage; 

8.9 Subject to Landlord’s obligations with respect to the Building Systems as specified in Section 7 above, maintain,
repair and replace, if needed, all mechanical, electrical and utility facilities and systems that are (a) a part of or serve the Garage as of the Expansion Effective Date, (b) installed, or required as a result of anything installed, by
Tenant or an Operator after the Expansion Effective Date, and/or (c) required because of Tenant’s (or any Operator’s) particular use of the Garage or the Office Premises, including, without limitation, sprinkler and fire control
systems, parking revenue control equipment, parking access control equipment, security systems and equipment, mechanical venting systems, lighting and emergency lighting systems, and traffic barriers; 

8.10 If Tenant desires to operate a valet parking program at its sole cost, then such program shall be on terms and with a company reasonably
satisfactory to Landlord (Landlord hereby pre-approving the companies identified in the introductory paragraph of this Section 8 above); 

8.11 Obtain (or require the Operator to obtain) all operating permits and file (or require the Operator to file) all operating reports as
required by Applicable Law and pay (or require the Operator to pay) all taxes on revenues generated from operations at the Garage; 
 8.12
Handle customer complaints and damage claims (including damage to personal property, theft, and injuries to third parties), purchase supplies, arrange and supervise the handling of receipts, and conduct any and all other services customarily
performed by operators of similar parking garages in San Francisco; and 
 8.13 Employ or contract with such personnel (such as the
Operator) as may be necessary to operate the Garage (which personnel shall at all times conduct themselves in a courteous manner and be neat, clean, and properly uniformed), and oversee or cause the Operator to oversee the performance of such
personnel. All such personnel shall be the employees or contractors of Tenant or Tenant’s Operator and shall have no authority to act as the agent of Landlord. 

Additionally, Tenant shall have no right to sublease any portion of the Garage separately from a sublease of the Office Premises permitted
under the terms of the Lease. Further, at Landlord’s option and upon Tenant assigning the Amended Lease or subleasing all of the Office 

  
 -5- 

 
Premises (other than to a Permitted Transferee as Tenant may be permitted to do without Landlord’s consent under the Lease), Landlord shall have the right to terminate this Second Amendment
upon written notice to Tenant, in which event this Second Amendment shall terminate, the Garage shall no longer be part of the Premises, and neither party shall have any further rights or obligations under this Second Amendment (except for those
which are intended to survive such termination) and the Lease will consist of the Office Lease and the First Amendment as if this Second Amendment had never been entered into. 

9. Inspection by CASp. For purposes of Section 1938 of the California Civil Code, Landlord hereby discloses to Tenant, and
Tenant hereby acknowledges, that the Garage has not undergone inspection by a Certified Access Specialist (CASp). 
 10. Tax
Status. Tenant recognizes and acknowledges that Landlord and/or certain beneficial owners of Landlord may from time to time qualify as real estate investment trusts pursuant to the Internal Revenue Code and that avoiding (a) the loss of
such status, (b) the receipt of any income derived under any provision of this Second Amendment that does not constitute “rents from real property” (in the case of real estate investment trusts), and (c) the imposition of income,
penalty or similar taxes (each an “Adverse Event”) is of material concern to Landlord and such beneficial owners. In the event that this Second Amendment or any document contemplated hereby could, in the opinion of counsel to
Landlord, result in or cause an Adverse Event, Tenant agrees to reasonably cooperate with Landlord in negotiating an amendment or modification thereof and shall at the request of Landlord execute and deliver such documents reasonably required to
effect such amendment or modification. Any amendment or modification pursuant to this Section 10 shall be structured so that the economic results to Landlord and Tenant shall be substantially similar to those set forth in
this Second Amendment without regard to such amendment or modification. Tenant expressly covenants and agrees not to enter into any sublease or assignment 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 from the property leased, used, occupied, or utilized (other than an amount based on a fixed percentage or percentages of receipts or sales) if any portion of such rental or other
payment is payable to Landlord, and that any such purported sublease or assignment that violates the foregoing 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 Garage. This Section 10 will not in any event be deemed to prohibit the collection of parking revenue in connection with a Third Party Use permitted under this Second Amendment. 

11. No Brokers. Landlord and Tenant hereby warrant to each other that they have had no dealings with any real estate broker or
agent in connection with the negotiation of this Second Amendment, and that they know of no real estate broker or agent who is entitled to a commission in connection with this Second Amendment. Each party agrees to indemnify and defend the other
party against and hold the other party harmless from any and all claims, demands, losses, liabilities, lawsuits, judgments, and costs and expenses (including, without limitation, reasonable attorneys’ fees) with respect to any leasing
commission or equivalent compensation claimed against the beneficiary of the indemnity alleged to arise from or on account of the indemnifying party’s dealings with any real estate broker or agent. The terms of this
Section 11 shall survive the expiration or earlier termination of the Amended Lease. 
 12.
Miscellaneous. This Second Amendment sets forth the entire agreement between the parties with respect to the matters set forth herein. There have been no additional oral or 

  
 -6- 

 
written representations or agreements. Under no circumstances shall Tenant be entitled to any Rent abatement, improvement allowance, leasehold improvements, or other work to the Garage, or any
similar economic incentives that may have been provided Tenant in connection with entering into the Lease, unless specifically set forth in this Second Amendment. Submission of this Second Amendment by Landlord is not an offer to enter into this
Second Amendment. Landlord and Tenant shall not be bound by this Second Amendment until Landlord and Tenant have mutually executed and delivered this Second Amendment. 

13. No Further Modification; Conflict. Except as set forth in this Second Amendment, all of the terms and provisions of the
Lease are hereby ratified and confirmed and shall apply with respect to the Garage as part of the Premises under the Lease and shall remain unmodified and in full force and effect. In the event of any conflict between the terms and conditions of the
Lease and the terms and conditions of this Second Amendment, the terms and conditions of this Second Amendment shall prevail. 
 14.
Exhibits. The following Exhibits are attached hereto and incorporated herein: 
 Exhibit
G-1         Outline of Garage Premises 

Exhibit G-2         Depiction of Storage Space

 [NO FURTHER TEXT ON THIS PAGE; 

SIGNATURES ON NEXT PAGE] 

  
 -7- 

 IN WITNESS WHEREOF, this Second Amendment has been executed as of the day and year first above
written. 
  

					
	 “LANDLORD”
	  	 KILROY REALTY FINANCE PARTNERSHIP, L.P.,

a Delaware limited partnership

			
		  	 By:
	  	Kilroy Realty Finance, Inc.,
		  		  	 a Delaware corporation,

		  		  	 General Partner

					
			
	     
	 	 By:
	 	 /s/ Jeffrey C. Hawken

		 		 	 Name: Jeffrey C. Hawken

		 		 	 Its: President

			
		 	 By:
	 	 /s/ Richard Buziak

		 		 	 Name: Richard Buziak

		 		 	 Its: Senior Vice President Asset
Management

  

					
	 “TENANT”
	  	 DROPBOX, INC.,

		  	 a Delaware corporation

			
		  	 By:
	  	 /s/ Dennis Woodside

		  		  	 Name: Dennis Woodside

		  		  	 Its: COO

			
		  	 By:
	  	 /s/ Vanessa Wittman

		  		  	 Name: Vanessa Wittman

		  		  	 Its: CFO

  
 -8- 

 Exhibit G-1 

Outline of Garage Premises 

[diagram] 

  
 Exhibit G-1 

-1- 

 Exhibit G-2 

Depiction of Storage Space 

[diagram] 

  
 Exhibit G-2 

-1-

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