Document:

EX-10.17

 Exhibit 10.17 

GINKGO BIOWORKS, INC. 
 Restricted
Stock Agreement 
 Granted Under 2014 Stock Incentive Plan 

AGREEMENT made this      day of             ,
20    , between Ginkgo BioWorks, Inc., a Delaware corporation (the “Company”), and                      (the
“Participant”). 
 For valuable consideration, receipt of which is acknowledged, the parties hereto agree as follows: 

1. Purchase of Shares. 

The Company shall issue and sell to the Participant, and the Participant shall purchase from the Company, subject to the terms and conditions
set forth in this Agreement and in the Company’s 2014 Stock Incentive Plan (the “Plan”),                  shares (the “Shares”) of common stock,
$0.01 par value, of the Company (“Common Stock”), at a purchase price of $         per share. The aggregate purchase price for the Shares shall be paid by the Participant by check payable to the
order of the Company or such other method as may be acceptable to the Company. Upon receipt by the Company of payment for the Shares, the Company shall issue to the Participant one or more certificates in the name of the Participant for that number
of Shares purchased by the Participant. The Participant agrees that the Shares shall be subject to the purchase options set forth in Sections 2 and 5 of this Agreement and the restrictions on transfer set forth in Section 4 of this
Agreement. 
 2. Purchase Option. 

(a) In the event that the Participant ceases to be employed by the Company for any reason or no reason, with or without cause, prior to the
fourth anniversary of the Vesting Commencement Date (as defined below), the Company shall have the right and option (the “Purchase Option”) to purchase from the Participant, for a sum of $        
per share1 (the “Option Price”), some or all of the Unvested Shares (as defined below). 

“Unvested Shares” means the total number of Shares multiplied by the Applicable Percentage at the time the Purchase Option becomes
exercisable by the Company. The “Applicable Percentage” shall be (i) 100% during the period ending on the first anniversary of the Vesting Commencement Date, (ii) 75% on the first anniversary of the Vesting Commencement Date,
(iii) 75% less 2.0833% for each month of employment completed by the Participant with the Company from and after the first anniversary of the Vesting Commencement Date, and (iv) zero on or after the fourth anniversary of the Vesting
Commencement Date. For purposes of this Agreement, “Vesting Commencement Date” shall mean                 , 20    2. 
  

	1 	 This should be the same as the purchase price 

	2 	 The Vesting Commencement Date for new employees is typically the date of hire. The Vesting Commencement Date
for existing employees (e.g., who are receiving a subsequent grant of restricted stock) is typically the date the restricted stock is granted. 

 (b) If the Participant is employed by a parent or subsidiary of the Company, any references
in this Agreement to employment with the Company or termination of employment by or with the Company shall instead be deemed to refer to such parent or subsidiary. For purposes of this Agreement, employment with the Company shall include employment
with a parent or subsidiary of the Company and service to the Company as an advisor, consultant or member of the Board of Directors of the Company. 

3. Exercise of Purchase Option and Closing. 

(a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his or her estate), within 90 days after the
termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by
the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

 (b) Within 10 days after delivery to the Participant of the Company’s notice of the exercise of the Purchase Option pursuant to
subsection (a) above, the Participant (or his or her estate) shall, pursuant to the provisions of the Joint Escrow Instructions referred to in Section 7 below, tender to the Company at its principal offices the certificate or certificates
representing the Shares which the Company has elected to purchase in accordance with the terms of this Agreement, duly endorsed in blank or with duly endorsed stock powers attached thereto, all in form suitable for the transfer of such Shares to the
Company. Promptly following its receipt of such certificate or certificates, the Company shall pay to the Participant the aggregate Option Price for such Shares (provided that any delay in making such payment shall not invalidate the Company’s
exercise of the Purchase Option with respect to such Shares). 
 (c) After the time at which any Shares are required to be delivered to the
Company for transfer to the Company pursuant to subsection (b) above, the Company shall not pay any dividend to the Participant on account of such Shares or permit the Participant to exercise any of the privileges or rights of a stockholder
with respect to such Shares, but shall, in so far as permitted by law, treat the Company as the owner of such Shares. 
 (d) The Option
Price may be payable, at the option of the Company, in cancellation of all or a portion of any outstanding indebtedness of the Participant to the Company or in cash (by check) or both. 

(e) The Company shall not purchase any fraction of a Share upon exercise of the Purchase Option, and any fraction of a Share resulting from a
computation made pursuant to Section 2 of this Agreement shall be rounded to the nearest whole Share (with any one-half Share being rounded upward). 

(f) The Company may assign its Purchase Option to one or more persons or entities. 

  
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 4. Restrictions on Transfer. 

(a) The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise
(collectively “transfer”) any Shares, or any interest therein, that are subject to the Purchase Option, except that the Participant may transfer such Shares (i) to or for the benefit of any spouse, children, parents, uncles, aunts,
siblings, grandchildren and any other relatives approved by the Board of Directors (collectively, “Approved Relatives”) or to a trust established solely for the benefit of the Participant and/or Approved Relatives, provided that
such Shares shall remain subject to this Agreement (including without limitation the restrictions on transfer set forth in this Section 4, the Purchase Option and the right of first refusal set forth in Section 5) and such permitted
transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement or (ii) as part of the sale of all or
substantially all of the shares of capital stock of the Company (including pursuant to a merger or consolidation), provided that, in accordance with the Plan, the securities or other property received by the Participant in connection with
such transaction shall remain subject to this Agreement. 
 (b) The Participant shall not transfer any Shares, or any interest therein, that
are no longer subject to the Purchase Option, except in accordance with Section 5 below. 
 5. Right of First Refusal. 

(a) If the Participant proposes to transfer any Shares that are no longer subject to the Purchase Option (either because they are no longer
Unvested Shares or because the Purchase Option expired unexercised), then the Participant shall first give written notice of the proposed transfer (the “Transfer Notice”) to the Company. The Transfer Notice shall name the proposed
transferee and state the number of such Shares the Participant proposes to transfer (the “Offered Shares”), the price per share and all other material terms and conditions of the transfer. 

(b) For 30 days following its receipt of such Transfer Notice, the Company shall have the option to purchase all or part of the Offered Shares
at the price and upon the terms set forth in the Transfer Notice. In the event the Company elects to purchase all or part of the Offered Shares, it shall give written notice of such election to the Participant within such 30-day period. Within 10 days after his or her receipt of such notice, the Participant shall tender to the Company at its principal offices the certificate or certificates representing the Offered Shares to be
purchased by the Company, duly endorsed in blank by the Participant or with duly endorsed stock powers attached thereto, all in a form suitable for transfer of the Offered Shares to the Company. Promptly following receipt of such certificate or
certificates, the Company shall deliver or mail to the Participant a check in payment of the purchase price for such Offered Shares; provided that if the terms of payment set forth in the Transfer Notice were other than cash against
delivery, the Company may pay for the Offered Shares on the same terms and conditions as were set forth in the Transfer Notice; and provided further that any delay in making such payment shall not invalidate the Company’s exercise
of its option to purchase the Offered Shares. 

  
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 (c) If the Company does not elect to acquire all of the Offered Shares, the Participant may,
within the 30-day period following the expiration of the option granted to the Company under subsection (b) above, transfer the Offered Shares which the Company has not elected to acquire to the proposed
transferee, provided that such transfer shall not be on terms and conditions more favorable to the transferee than those contained in the Transfer Notice. Notwithstanding any of the above, all Offered Shares transferred pursuant to
this Section 5 shall remain subject to this Agreement (including without limitation the restrictions on transfer set forth in Section 4 and the right of first refusal set forth in this Section 5) and such transferee shall, as a
condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement. 

(d) After the time at which the Offered Shares are required to be delivered to the Company for transfer to the Company pursuant to subsection
(b) above, the Company shall not pay any dividend to the Participant on account of such Offered Shares or permit the Participant to exercise any of the privileges or rights of a stockholder with respect to such Offered Shares, but shall,
insofar as permitted by law, treat the Company as the owner of such Offered Shares. 
 (e) The following transactions shall be exempt from
the provisions of this Section 5: 
 (1) a transfer of Shares to or for the benefit of any Approved Relatives, or to a trust
established solely for the benefit of the Participant and/or Approved Relatives; 
 (2) any transfer pursuant to an effective registration
statement filed by the Company under the Securities Act of 1933, as amended (the “Securities Act”); and 
 (3) the sale of all or
substantially all of the outstanding shares of capital stock of the Company (including pursuant to a merger or consolidation); 
 provided, however,
that in the case of a transfer pursuant to clause (1) above, such Shares shall remain subject to this Agreement (including without limitation the restrictions on transfer set forth in Section 4 and the right of first refusal set forth in
this Section 5) and such transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement. 

(f) The Company may assign its rights to purchase Offered Shares in any particular transaction under this Section 5 to one or more
persons or entities. 
 (g) The provisions of this Section 5 shall terminate upon the earlier of the following events: 

(1) the closing of the sale of shares of Common Stock in an underwritten public offering pursuant to an effective registration statement
filed by the Company under the Securities Act; or 

  
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 (2) the sale of all or substantially all of the outstanding shares of capital stock, assets
or business of the Company, by merger, consolidation, sale of assets or otherwise (other than a merger or consolidation in which all or substantially all of the individuals and entities who were beneficial owners of the Company’s voting
securities immediately prior to such transaction beneficially own, directly or indirectly, more than 75% (determined on an as-converted basis) of the outstanding securities entitled to vote generally in the
election of directors of the resulting, surviving or acquiring corporation in such transaction). 
 (h) The Company shall not be required
(1) to transfer on its books any of the Shares which shall have been sold or transferred in violation of any of the provisions set forth in this Agreement, or (2) to treat as owner of such Shares or to pay dividends to any transferee to
whom any such Shares shall have been so sold or transferred. 
 6. Agreement in Connection with Initial Public Offering. 

The Participant agrees, in connection with the initial underwritten public offering of the Common Stock pursuant to a registration statement
under the Securities Act, (i) not to (a) offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to
purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for shares of Common Stock or (b) enter into any swap or other agreement that
transfers, in whole or in part, any of the economic consequences of ownership of shares of Common Stock, whether any transaction described in clause (a) or (b) is to be settled by delivery of shares of Common Stock or other securities, in cash
or otherwise, during the period beginning on the date of the filing of such registration statement with the Securities and Exchange Commission and ending 180 days from the date of the final prospectus relating to the offering (plus up to an
additional 34 days to the extent requested by the managing underwriters for such offering in order to address FINRA rules or any similar successor provision), and (ii) to execute any agreement reflecting clause (i) above as may be
requested by the Company or the managing underwriters at the time of such offering. The Company may impose stop-transfer instructions with respect to the shares of Common Stock or other securities subject to the foregoing restriction until the end
of the “lock-up” period. 
 7. Escrow. 

The Participant shall, upon the execution of this Agreement, execute Joint Escrow Instructions in the form attached to this Agreement as
Exhibit A. The Joint Escrow Instructions shall be delivered to the Secretary of the Company, as escrow agent thereunder. The Participant shall deliver to such escrow agent a stock assignment duly endorsed in blank, in the form attached
to this Agreement as Exhibit B, and hereby instructs the Company to deliver to such escrow agent, on behalf of the Participant, the certificate(s) evidencing the Shares issued hereunder. Such materials shall be held by such escrow agent
pursuant to the terms of such Joint Escrow Instructions. 

  
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 8. Restrictive Legends. 

All certificates representing Shares shall have affixed thereto legends in substantially the following form, in addition to any other legends
that may be required under federal or state securities laws: 
 “The shares of stock represented by this certificate are subject to
restrictions on transfer and an option to purchase set forth in a certain Restricted Stock Agreement between the corporation and the registered owner of these shares (or his or her predecessor in interest), and such Agreement is available for
inspection without charge at the office of the Secretary of the corporation.” 
 “The shares represented by this certificate have
not been registered under the Securities Act of 1933, as amended, and may not be sold, transferred or otherwise disposed of in the absence of an effective registration statement under such Act or an opinion of counsel satisfactory to the corporation
to the effect that such registration is not required.” 
 9. Provisions of the Plan. 

(a) This Agreement is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this Agreement. 

(b) As provided in the Plan, upon the occurrence of a Reorganization Event (as defined in the Plan), the repurchase and other rights of the
Company hereunder shall inure to the benefit of the Company’s successor and shall apply to the cash, securities or other property which the Shares were converted into or exchanged for pursuant to such Reorganization Event in the same manner and
to the same extent as they applied to the Shares under this Agreement. If, in connection with a Reorganization Event, a portion of the cash, securities and/or other property received upon the conversion or exchange of the Shares is to be placed into
escrow to secure indemnification or similar obligations, the mix between the vested and unvested portion of such cash, securities and/or other property that is placed into escrow shall be the same as the mix between the vested and unvested portion
of such cash, securities and/or other property that is not subject to escrow. 
 10. Investment Representations. 

The Participant represents, warrants and covenants as follows: 

(a) The Participant is purchasing the Shares for his or her own account for investment only, and not with a view to, or for sale in connection
with, any distribution of the Shares in violation of the Securities Act, or any rule or regulation under the Securities Act. 

  
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 (b) The Participant has had such opportunity as she has deemed adequate to obtain from
representatives of the Company such information as is necessary to permit her to evaluate the merits and risks of his or her investment in the Company. 

(c) The Participant has sufficient experience in business, financial and investment matters to be able to evaluate the risks involved in the
purchase of the Shares and to make an informed investment decision with respect to such purchase. 
 (d) The Participant can afford a
complete loss of the value of the Shares and is able to bear the economic risk of holding such Shares for an indefinite period. 
 (e) The
Participant understands that (i) the Shares have not been registered under the Securities Act and are “restricted securities” within the meaning of Rule 144 under the Securities Act; (ii) the Shares cannot be sold,
transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (iii) in any event, the exemption from registration under Rule 144 will not be
available for at least one year and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144
are complied with; and (iv) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register the Shares under
the Securities Act. 
 11. Withholding Taxes; Section 83(b) Election. 

(a) The Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the
Participant any federal, state or local taxes of any kind required by law to be withheld with respect to the purchase of the Shares by the Participant or the lapse of the Purchase Option. 

(b) The Participant has reviewed with the Participant’s own tax advisors the federal, state, local and foreign tax consequences of this
investment and the transactions contemplated by this Agreement. The Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Participant understands that the Participant
(and not the Company) shall be responsible for the Participant’s own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement. The Participant understands that it may be beneficial in many
circumstances to elect to be taxed at the time the Shares are purchased rather than when and as the Company’s Purchase Option expires by filing an election under Section 83(b) of the Internal Revenue Code of 1986 with the I.R.S. within 30
days from the date of purchase. 
 THE PARTICIPANT ACKNOWLEDGES THAT IT IS SOLELY THE PARTICIPANT’S RESPONSIBILITY AND NOT THE
COMPANY’S TO FILE TIMELY THE ELECTION UNDER SECTION 83(b), EVEN IF THE PARTICIPANT REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE PARTICIPANT’S BEHALF. 

  
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 12. Miscellaneous. 

(a) No Rights to Employment. The Participant acknowledges and agrees that the vesting of the Shares pursuant to Section 2 hereof
is earned only by continuing service as an employee at the will of the Company (not through the act of being hired or purchasing shares hereunder). The Participant further acknowledges and agrees that the transactions contemplated hereunder and the
vesting schedule set forth herein do not constitute an express or implied promise of continued engagement as an employee or consultant for the vesting period, for any period, or at all. 

(b) Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability
of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 

(c) Waiver. Any provision for the benefit of the Company contained in this Agreement may be waived, either generally or in any
particular instance, by the Board of Directors of the Company. 
 (d) Binding Effect. This Agreement shall be binding upon and inure
to the benefit of the Company and the Participant and their respective heirs, executors, administrators, legal representatives, successors and assigns, subject to the restrictions on transfer set forth in Sections 4 and 5 of this Agreement.

 (e) Notice. All notices required or permitted hereunder shall be in writing and deemed effectively given upon personal delivery or
five days after deposit in the United States Post Office, by registered or certified mail, postage prepaid, addressed to the other party hereto at the address shown beneath his, her or its respective signature to this Agreement, or at such other
address or addresses as either party shall designate to the other in accordance with this Section 12(e). 
 (f) Pronouns.
Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and pronouns shall include the plural, and vice versa. 

(g) Entire Agreement. This Agreement and the Plan constitute the entire agreement between the parties, and supersedes all prior
agreements and understandings, relating to the subject matter of this Agreement. 
 (h) Amendment. This Agreement may be amended or
modified only by a written instrument executed by both the Company and the Participant. 
 (i) Governing Law. This Agreement shall be
construed, interpreted and enforced in accordance with the internal laws of the State of Delaware without regard to any applicable conflicts of laws. 

  
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 (j) Participant’s Acknowledgments. The Participant acknowledges that she:
(i) has read this Agreement; (ii) has been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of the Participant’s own choice or has voluntarily declined to seek such counsel;
(iii) understands the terms and consequences of this Agreement; (iv) is fully aware of the legal and binding effect of this Agreement; and (v) understands that the law firm of Latham & Watkins LLP, is acting as counsel to the
Company in connection with the transactions contemplated by the Agreement, and is not acting as counsel for the Participant. 
 IN WITNESS
WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 
  

					
	GINKGO BIOWORKS, INC.
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	Address:
	
	 PARTICIPANT
  

		 	Name:	 	  

		
	Address:	 	  

		 	  

  
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 Exhibit A 

Joint Escrow Instructions 

[                ], 20[    ] 

Ginkgo BioWorks, Inc. 
 27 Drydock Avenue, Floor 8 

Boston, MA 02210 
 Attn: Secretary 

Dear Sir/Madam: 
 As Escrow Agent for Ginkgo
BioWorks, Inc., a Delaware corporation (the “Company”) , and its successors in interest under the Restricted Stock Agreement (the “Agreement”) of even date herewith, to which a copy of these Joint Escrow Instructions is attached,
and the undersigned person (“Holder”), you are hereby authorized and directed to hold the documents delivered to you pursuant to the terms of the Agreement in accordance with the following instructions: 

1. Appointment. Holder irrevocably authorizes the Company to deposit with you any certificates evidencing Shares (as defined in the
Agreement) to be held by you hereunder and any additions and substitutions to said Shares. For purposes of these Joint Escrow Instructions, “Shares” shall be deemed to include any additional or substitute property. Holder does hereby
irrevocably constitute and appoint you as her attorney-in-fact and agent for the term of this escrow to execute with respect to such Shares all documents necessary or
appropriate to make such Shares negotiable and to complete any transaction herein contemplated. Subject to the provisions of this Section 1 and the terms of the Agreement, Holder shall exercise all rights and privileges of a stockholder of the
Company while the Shares are held by you. 
 2. Closing of Purchase. 

(a) Upon any purchase by the Company of the Shares pursuant to the Agreement, the Company shall give to Holder and you a written notice
specifying the number of Shares to be purchased, the purchase price for the Shares, as determined pursuant to the Agreement, and the time for a closing hereunder (the “Closing”) at the principal office of the Company. Holder and the
Company hereby irrevocably authorize and direct you to close the transaction contemplated by such notice in accordance with the terms of said notice. 

(b) At the Closing, you are directed (i) to date the stock assignment form or forms necessary for the transfer of the Shares,
(ii) to fill in on such form or forms the number of Shares being transferred, and (iii) to deliver the same, together with the certificate or certificates evidencing the Shares to be transferred, to the Company against the simultaneous
delivery to you of the purchase price for the Shares being purchased pursuant to the Agreement. 

  
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 3. Withdrawal. The Holder shall have the right to withdraw from this escrow any
Shares as to which the Purchase Option (as defined in the Agreement) has terminated or expired. 
 4. Duties of Escrow Agent. 

(a) Your duties hereunder may be altered, amended, modified or revoked only by a writing signed by all of the parties hereto. 

(b) You shall be obligated only for the performance of such duties as are specifically set forth herein and may rely and shall be protected in
relying or refraining from acting on any instrument reasonably believed by you to be genuine and to have been signed or presented by the proper party or parties. You shall not be personally liable for any act you may do or omit to do hereunder as
Escrow Agent or as attorney-in-fact of Holder while acting in good faith and in the exercise of your own good judgment, and any act done or omitted by you pursuant to
the advice of your own attorneys shall be conclusive evidence of such good faith. 
 (c) You are hereby expressly authorized to disregard
any and all warnings given by any of the parties hereto or by any other person or entity, excepting only orders or process of courts of law, and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any court. If
you are uncertain of any actions to be taken or instructions to be followed, you may refuse to act in the absence of an order, judgment or decrees of a court. In case you obey or comply with any such order, judgment or decree of any court, you shall
not be liable to any of the parties hereto or to any other person or entity, by reason of such compliance, notwithstanding any such order, judgment or decree being subsequently reversed, modified, annulled, set aside, vacated or found to have been
entered without jurisdiction. 
 (d) You shall not be liable in any respect on account of the identity, authority or rights of the parties
executing or delivering or purporting to execute or deliver the Agreement or any documents or papers deposited or called for hereunder. 

(e) You shall be entitled to employ such legal counsel and other experts as you may deem necessary properly to advise you in connection with
your obligations hereunder and may rely upon the advice of such counsel. 
 (f) Your rights and responsibilities as Escrow Agent hereunder
shall terminate if (i) you cease to be Secretary of the Company or (ii) you resign by written notice to each party. In the event of a termination under clause (i), your successor as Secretary shall become Escrow Agent hereunder; in
the event of a termination under clause (ii), the Company shall appoint a successor Escrow Agent hereunder. 
 (g) If you reasonably
require other or further instruments in connection with these Joint Escrow Instructions or obligations in respect hereto, the necessary parties hereto shall join in furnishing such instruments. 

  
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 (h) It is understood and agreed that if you believe a dispute has arisen with respect to the
delivery and/or ownership or right of possession of the securities held by you hereunder, you are authorized and directed to retain in your possession without liability to anyone all or any part of said securities until such dispute shall have been
settled either by mutual written agreement of the parties concerned or by a final order, decree or judgment of a court of competent jurisdiction after the time for appeal has expired and no appeal has been perfected, but you shall be under no duty
whatsoever to institute or defend any such proceedings. 
 (i) These Joint Escrow Instructions set forth your sole duties with respect to
any and all matters pertinent hereto and no implied duties or obligations shall be read into these Joint Escrow Instructions against you. 

(j) The Company shall indemnify you and hold you harmless against any and all damages, losses, liabilities, costs, and expenses, including
attorneys’ fees and disbursements, (including without limitation the fees of counsel retained pursuant to Section 4(e) above, for anything done or omitted to be done by you as Escrow Agent in connection with this Agreement or the
performance of your duties hereunder, except such as shall result from your gross negligence or willful misconduct. 
 5. Notice. Any
notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery or upon deposit in the United States Post Office, by registered or certified mail with postage and fees prepaid, addressed
to each of the other parties thereunto entitled at the following addresses, or at such other addresses as a party may designate by ten days’ advance written notice to each of the other parties hereto. 

 

			
	 COMPANY:
	  	 Notices to the Company shall be sent to the address set forth in the salutation hereto, Attn:
President

		
	 HOLDER:
	  	 Notices to Holder shall be sent to the address set forth below Holder’s signature
below.

		
	 ESCROW AGENT:
	  	 Notices to the Escrow Agent shall be sent to the address set forth in the salutation
hereto.

 6. Miscellaneous. 

(a) By signing these Joint Escrow Instructions, you become a party hereto only for the purpose of said Joint Escrow Instructions, and you do
not become a party to the Agreement. 
 (b) This instrument shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns. 

  
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	Very truly yours,
	
	 GINKGO BIOWORKS, INC.

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

 
			
	
	HOLDER:
	
	 
	(Signature)
		
	Name:	 	
		
	Address:	 	

  

			
		
	Date Signed:	 	 

  

	
	ESCROW AGENT:
	
	 
	Secretary

  
 -13- 

 Exhibit B 

(STOCK ASSIGNMENT SEPARATE FROM CERTIFICATE) 

FOR VALUE RECEIVED, I hereby sell, assign and transfer unto
                     (            ) shares of Common Stock, $0.01 par value per share, of
Ginkgo BioWorks, Inc. (the “Corporation”) standing in my name on the books of the Corporation represented by Certificate(s) Number
                     herewith, and do hereby irrevocably constitute and appoint Latham & Watkins LLP attorney to transfer the said stock on
the books of the Corporation with full power of substitution in the premises. 
  

			
		
	Dated:	 	 

                    

	
	 
		
	Name:	 	

  
 -14-EX-10.18

 Exhibit 10.18 

LEASE AGREEMENT BETWEEN 

ZOOM GROUP LLC, AS LANDLORD, 

AND 
 GINKGO BIOWORKS,
INC., AS TENANT 
 DATED DECEMBER 22, 2011 

  
 i 

 

	‡	 Certain confidential information contained in this Exhibit has been omitted because it is (i) not
material and (ii) of the type that the registrant treats as private or confidential. 

 BASIC LEASE INFORMATION 

 

			
	Lease Date:	  	December 22, 2011
		
	Tenant:	  	Ginkgo Bioworks, Inc., a Delaware corporation
		
	Landlord:	  	ZOOM GROUP LLC, a Massachusetts limited liability company
		
	Premises:	  	Approximately 11,565 rentable square feet (the “Premises Rentable Area”) on southeast corner of the eighth floor of the building currently known as Section A of Building 114 (the “Building”), and
whose street address is 27 Drydock Avenue, Boston, Massachusetts. The Premises are outlined on the plan attached to this Lease as Exhibit A. The land on which the Building is located (the “Land”) is described on
Exhibit B. The term “Building” includes the Land and the driveways, parking facilities, and similar improvements on the Land.
		
		  	Included as appurtenant to the Premises shall be: (i) the right to install equipment on the rooftop in an area to be agreed upon by Landlord and Tenant consistent with the needs of Tenant but respecting the needs of other
tenants in the Building and limitations that may be imposed by the EDIC and the City of Boston; (ii) the right to the exclusive use of one Control Area on the eighth floor in compliance with Massachusetts building code; (iii) the right of
access to use of showers on the second; and (iv) the right to use all other common areas of the Building.
		
	First Right of Refusal Premises:	  	Approximately 6,785 rentable square feet, or any portion thereof (the “Premises Rentable Area”) on the eighth floor of the Building adjacent to the Premises, all as shown on the plan attached to this Lease.
		
		  	Landlord and Tenant stipulate that the number of rentable square feet in the Premises and the First Right of Refusal Premises set forth above shall be binding upon them.
		
	Term:	  	Sixty-one (61) months, commencing on the date upon which the Premises are delivered to the Tenant in the condition required by Section 3 of this Lease (the
“Commencement Date”) and ending at 5:00 p.m. on last day of the sixty first (61st ) full month after the Commencement Date, subject to adjustment and earlier termination as
provided in the Lease. The estimated date for delivery of the Premises as required by this Lease is February 1, 2012.

  
 ii 

			
	Basic Rent:	  	The initial Basic Rent shall be $23,515.50 per month in the first year of the Lease (which first lease year shall end on February 28, 2013, if the Premises are delivered during February, 2012); $24,479.25 in the second year;
$25,443.00 in the third year; $26,406.75 in the fourth year and $27,370.50 in the fifth and final year of the Lease.
		
		  	As used herein, the term “Lease Month” shall mean each calendar month during the Term (and if the Commencement Date does not occur on the first day of a calendar month, the period from the Commencement
Date to the first day of the next calendar month shall be included in the first Lease Month for purposes of determining the duration of the Term and the monthly Basic Rent rate applicable for such partial month). Notwithstanding the foregoing,
Landlord agrees to waive payment of the first three months of Basic Rent and as set forth in Section 4, Basic Rent shall commence on the first day of fourth full month of the Lease. For illustrative purposes, assuming the Premises are available
on February 1, February is without charge for any rent to allow Tenant to begin tenant improvements, then March and April are the two months free rent, and the first payment is due on May 1, 2012.
		
	Security Deposit:	  	$50,000.00
		
	Building Rentable Area:	  	Agreed to be 280,562 square feet.
		
	Rent:	  	Basic Rent, Tenant’s Proportionate Share of Taxes, Additional Rent, and all other sums that Tenant may owe to Landlord or otherwise be required to pay under the Lease. In the event that Tenant exercises the Expansion Option
for the First Right of Refusal Premises, the Rent shall be adjusted appropriately to reflect the additional rentable square feet.
		
	Additional Rent:	  	Landlord’s good faith estimate of Additional Rent, as hereinafter defined in Section 4(b), for the fiscal year at the commencement of this lease shall be equal to $5,428.62 per month equal to $5.35 per Building Rentable
Area. Additional Rent shall commence and be payable as of the Commencement Date. Notwithstanding the foregoing, Landlord agrees to waive payment of the first three months of Additional Rent.
		
	Tenant’s Proportionate Share:	  	4.34% which is the percentage obtained by dividing the Premises Rentable Area by 95% of the Building Rentable Area.

  
 iii 

			
	Permitted Use:	  	Biology and chemistry lab, storage and handling of materials and office use associated with such uses. Landlord covenants that the Permitted Use is a use permitted under the EDIC Lease.
		
	Initial Liability Insurance Amount:	  	$3,000,000.00
		
	Tenant’s Address:	  	Ginkgo Bioworks, Inc.
		  	7 Tide Street Unit 2B
		  	Boston MA 02210
		
	Landlord’s Address:	  	For all Notices:
		
		  	Zoom Group LLC
		  	c/o North Star Management
		  	27 Drydock Ave.
		  	Boston MA. 02110

  
 iv 

 The foregoing Basic Lease Information is incorporated into and made a part of the Lease identified above. If
any conflict exists between any Basic Lease Information and the Lease, then the Lease shall control. 
  

					
	LANDLORD:
	
	Zoom Group LLC,
	a Massachusetts limited liability company
			
		 	      By:	 	 /s/ Jeff Wallace

		 		 	Jeff Wallace, its Manager
	
	TENANT:
	
	 Ginkgo Bioworks, Inc.
 a Delaware
corporation

		
	By:	 	 /s/ Barry Canton

		 	Name:	 	 Barry Canton

	 	Title:	 	 Founder

  
 v 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
	1.	 		 	Definitions and Basic Provisions	  	 	8	 
	2.	 		 	Lease Grant	  	 	8	 
	3.	 		 	Term	  	 	8	 
	4.	 		 	Rent	  	 	9	 
		 	(a)	 	Payment	  	 	9	 
		 	(b)	 	Operating Costs; Taxes, Electricity	  	 	10	 
		 	(c)	 	Billing for Electricity	  	 	12	 
	5.	 		 	Delinquent Payment; Handling Charges	  	 	12	 
	6.	 		 	Security Deposit	  	 	13	 
	7.	 		 	Landlord’s Obligations	  	 	13	 
		 	(a)	 	Services	  	 	13	 
		 	(b)	 	Excess Utility Use	  	 	13	 
		 	(c)	 	Restoration of Services; Abatement	  	 	14	 
	8.	 		 	Improvements; Alterations; Repairs; Maintenance.	  	 	14	 
		 	(a)	 	Improvements; Alterations	  	 	14	 
		 	(b)	 	Repairs; Maintenance	  	 	14	 
		 	(c)	 	Performance of Work	  	 	15	 
		 	(d)	 	Mechanic’s Liens	  	 	15	 
	9.	 		 	Use	  	 	15	 
	10.	 		 	Assignment and Subletting	  	 	16	 
		 	(a)	 	Transfers	  	 	16	 
		 	(b)	 	Consent Standards	  	 	16	 
		 	(c)	 	Request for Consent	  	 	16	 
		 	(d)	 	Conditions to Consent	  	 	16	 
		 	(e)	 	Cancelation	  	 	17	 
		 	(f)	 	Additional Compensation	  	 	17	 
		 	(g)	 	Permitted Transfers	  	 	17	 
	11.	 		 	Insurance; Waivers; Subrogation; Indemnity	  	 	18	 
		 	(a)	 	Insurance	  	 	18	 
		 	(b)	 	Waiver of Negligence; No Subrogation	  	 	18	 
		 	(c)	 	Indemnity	  	 	19	 
	12.	 		 	Subordination; Attornment; Notice to Landlord’s Mortgagee	  	 	19	 
		 	(a)	 	Subordination	  	 	19	 
		 	(b)	 	Attornment	  	 	19	 
		 	(c)	 	Notice to Landlord’s Mortgagee	  	 	20	 
		 	(d)	 	Landlord’s Mortgagee’s Protection Provisions	  	 	20	 
	13.	 		 	Rules and Regulations	  	 	20	 
	14.	 		 	Condemnation	  	 	21	 
		 	(a)	 	Total Taking	  	 	21	 
		 	(b)	 	Partial Taking – Tenant’s Rights	  	 	21	 
		 	(c)	 	Partial Taking – Landlord’s Rights	  	 	21	 
		 	(d)	 	Award	  	 	21	 
	15.	 		 	Fire or Other Casualty	  	 	21	 
		 	(a)	 	Repair Estimate	  	 	21	 
		 	(b)	 	Landlord’s and Tenant’s Rights	  	 	21	 
		 	(c)	 	Landlord’s Rights	  	 	22	 
		 	(d)	 	Repair Obligation	  	 	22	 
	16.	 		 	Personal Property Taxes	  	 	22	 
	17.	 		 	Events of Default	  	 	22	 
	18.	 		 	Remedies	  	 	23	 
	19.	 		 	Payment by Tenant; Non-Waiver	  	 	24	 
		 	(a)	 	Payment by Tenant	  	 	24	 

  
 vi 

									
	 	 	(b)	 	No Waiver	  	24	 
	 20.
	 		 	Landlord’s Lien	  	 	25	 
	 21.
	 		 	Surrender of Premises	  	 	25	 
	 22.
	 		 	Holding Over	  	 	25	 
	 23.
	 		 	Certain Rights Reserved by Landlord	  	 	26	 
	 24.
	 		 	Substitution Space	  	 	26	 
	 25.
	 		 	Miscellaneous	  	 	26	 
	 	 	(a)	 	Landlord Transfer	  	26	 
	 	 	(b)	 	Landlord’s Liability	  	26	 
	 	 	(c)	 	Force Majeure	  	26	 
	 	 	(d)	 	Brokerage	  	27	 
	 	 	(e)	 	Estoppel Certificates	  	27	 
	 	 	(f)	 	Notices	  	27	 
	 	 	(g)	 	Separability	  	27	 
	 	 	(h)	 	Amendments; and Binding Effect	  	27	 
	 	 	(i)	 	Quiet Enjoyment	  	27	 
	 	 	(j)	 	No Merger	  	27	 
	 	 	(k)	 	No Offer	  	28	 
	 	 	(l)	 	Entire Agreement	  	28	 
	 	 	(m)	 	Waiver of Jury Trial	  	28	 
	 	 	(n)	 	Governing Law	  	28	 
	 	 	(o)	 	Joint and Several Liability	  	28	 
	 	 	(p)	 	Financial Reports	  	28	 
	 	 	(q)	 	Landlord’s Fees	  	28	 
	 	 	(r)	 	Telecommunications	  	29	 
	 	 	(s)	 	Confidentiality	  	29	 
	 	 	(t)	 	Hazardous Materials	  	29	 
	 	 	(u)	 	List of Exhibits	  	30	 
	 	 	(v)	 	Time of Essence	  	30	 
	 	 	(w)	 	EDIC Lease	  	30	 
	 	 	(x)	 	Consent of EDIC	  	30	 
	26.	 		 	Other Provisions	  	 	31	 

  
 vii 

 LEASE 

THIS LEASE AGREEMENT (this “Lease”) is entered into as of December     , 2011, by ZOOM GROUP LLC,
a Massachusetts limited liability company (“Landlord”), and GINKGO BIOWORKS, INC., a Delaware corporation (“Tenant”). 

1.     Definitions and Basic Provisions. The definitions and basic provisions set forth in the Basic Lease
Information (the “Basic Lease Information”) executed by Landlord and Tenant contemporaneously herewith are incorporated herein by reference for all purposes. Additionally, the following terms shall have the following meanings
when used in this Lease: “Building’s Structure” means the Building’s exterior walls, roof, elevator shafts, footings, foundations, structural portions of loadbearing walls, structural floors and subfloors, and
structural columns and beams; “Building’s Systems” means the Building’s HVAC, lifesafety, plumbing, electrical, and mechanical systems; “Laws” means all federal, state, and local laws, rules
and regulations, all court orders, governmental directives, and governmental orders, and all restrictive covenants affecting the Property, and “Law” shall mean any of the foregoing; “Affiliate” means
any person or entity which, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with the party in question; “Tenant Party” means any of the following persons:
Tenant; any assignees claiming by, through, or under Tenant; any subtenants claiming by, through, or under Tenant; and any of their respective agents, contractors, employees, and invitees; and “including” means including,
without limitation.  
 2.     Lease Grant. Subject to the terms of this Lease, Landlord leases to
Tenant, and Tenant leases from Landlord, the Premises. 
 Landlord represents that, upon delivery of the Premises to Tenant, the Premises
shall comply in all material respects with all applicable laws, regulations, ordinances, codes and bylaws, including without limitation, the American with Disabilities Act and all laws, rules or regulations regarding any hazardous waste, substance
or materials or other environmental laws. Landlord has required the current tenant of the Premises to provide an environmental report indicating that the Premises are free of Hazardous Materials, as hereinafter defined. Landlord shall provide a copy
of such report, or a comparable report, to Tenant upon receipt of the same. Notwithstanding any provision to the contrary contained herein, the Commencement Date shall not be deemed to have occurred until Landlord has delivered the report, and
Tenant has approved the report which approval shall not be unreasonably withheld or delayed. In the event that the report reveals the presence of any Hazardous Materials, Landlord shall have the option to remove such Materials, in which event the
report shall be deemed acceptable upon notice from Landlord to Tenant of such election to remove the Materials. 

3.     Term. The Commencement Date shall be deemed to be the date upon which Landlord delivers possession of
the Premises as provided in Exhibit D (the “Delivery Date”).    If the Premises are not delivered to Tenant by February 1, 2012 as so required, then (a) Landlord shall not be in default hereunder or be
liable for damages therefor, and (b) Tenant shall accept possession of the Premises when Landlord tenders possession thereof to Tenant in the condition herein required for 

  
 8 

 
delivery. By occupying the Premises, Tenant shall be deemed to have accepted the Premises in their condition as of the date of such occupancy. Tenant shall execute and deliver to Landlord, within
ten (10) days after Landlord has requested the same, an amendment substantially in the form of Exhibit E hereto confirming the Commencement Date and the expiration date of the Term that Tenant has accepted the Premises, and that Landlord has
performed all of its obligations with respect to the Premises. Notwithstanding the foregoing, in the event that the Delivery Date has not occurred by May 1, 2012 (the “Outside Delivery Date”), then Tenant shall have the option,
exercisable within ten (10) days after the Outside Delivery Date, to terminate this Lease, whereupon all amounts paid by Tenant to Landlord shall be promptly refunded and all obligations of the parties hereto shall be null and void and this
Agreement shall be without recourse to either party. 
 In addition, notwithstanding anything contained in this Lease to the contrary, in
the event that Tenant, despite using diligent efforts, is unable by May 15, 2011 (the “Permit Deadline”) to obtain all necessary permits from the (i) Massachusetts Water Resource Authority, (ii) City of Boston Fire
Department and (iii) Boston Public Health Commission (collectively, the “Permits”) required for the operation of Tenant’s business at the Premises, then Tenant shall have the option, exercisable within ten (10) days after
the Permit Deadline, to terminate this Lease, whereupon all amounts paid by Tenant to Landlord shall be promptly refunded and all obligations of the parties hereto shall be null and void and this Agreement shall be without recourse to either party.
Tenant’s termination option with respect to the Permits shall only be available if Tenant submits an application (including all required supporting materials) for such Permits as soon as practicable after the execution of this Lease and
diligently takes all reasonable and customary steps required for the issuance of such Permits. 
 At any time after the execution of this
Lease by Landlord and Tenant, Tenant shall have the right to deliver any equipment used in connection with Tenant’s business operations to the Building and stored in a location designated by Landlord, without payment of any Rent or storage
charges, subject to Tenant’s compliance with complying with all requirements of Paragraph 11 of this Lease. 

4.     Rent. 

(a)     Payment. Tenant shall timely pay to Landlord Basic Rent and all additional sums to be paid by Tenant
to Landlord under this Lease, without notice, deduction or set off except as otherwise set forth in this Lease, at Landlord’s address provided for in this Lease or as otherwise specified by Landlord and shall be accompanied by all applicable
state and local sales or use taxes. Basic Rent, adjusted as herein provided, shall be payable monthly in advance. The first monthly installment of Basic Rent shall be payable contemporaneously with the execution of this Lease; thereafter, Basic Rent
shall be payable on the first day of each month beginning on the first day of the fifth full calendar month of the Term (the Basic Rent for the fourth full calendar month having been paid contemporaneously with the execution of this Lease as set
forth above). The monthly Basic Rent for any partial month at the beginning of the Term shall equal the product of 1/365 of the annual Basic Rent in effect during the partial month and the number of days in the partial month from and after the
Commencement Date, and shall be due on the Commencement Date. 

  
 9 

 (b)     Operating Costs; Taxes, Electricity. 

(1)     Tenant shall pay Tenant’s Proportionate Share of the Operating Costs (defined below) (“Additional
Rent”). Landlord shall make a good faith estimate of the Additional Rent to be due by Tenant for any calendar year or part thereof during the Term, and Tenant shall pay to Landlord, commencing on the first day of the fourth full
calendar month of the Term and on the first day of each calendar month thereafter, an amount equal to the estimated Additional Rent for such calendar year or part thereof divided by the number of months therein. From time to time, Landlord may
estimate and re-estimate the Additional Rent to be due by Tenant and deliver a copy of the estimate or re-estimate to Tenant. Thereafter, the monthly installments of
Additional Rent payable by Tenant shall be appropriately adjusted in accordance with the estimations so that, by the end of the calendar year in question, Tenant shall have paid all of the Additional Rent as estimated by Landlord. Any amounts paid
based on such an estimate shall be subject to adjustment as herein provided when actual Operating Costs are available for each calendar year. 

(2)     The term “Operating Costs” shall mean all expenses and disbursements (subject to the
limitations set forth below) that Landlord incurs in connection with the ownership, operation, and maintenance of the Building, determined in accordance with sound accounting principles consistently applied, including, but not limited to, the
following costs: (A) wages and salaries and a management fee (not to exceed standard commercially acceptable rates) of all employees engaged in the operation, maintenance, and security of the Building, including taxes, insurance and benefits
relating thereto; (B) all supplies and materials used in the operation, maintenance, repair, replacement, and security of the Building; (C) costs for improvements made to the Building which, although capital in nature, are expected to
reduce the normal operating costs (including all utility costs) of the Building, as well as capital improvements made in order to comply with (i) any law hereafter promulgated by any governmental authority, or (ii) the EDIC Master Lease, as
amortized over the useful economic life of such improvements as determined by Landlord in its reasonable discretion; (D) annual increases, if any, in the fixed rent payable by Landlord under the EDIC Master Lease (subject to the provisions in
the next paragraph), (E) cost of all utilities, except the cost of utilities reimbursable to Landlord by the Building’s tenants other than pursuant to a provision similar to this Section 4.(b); (F) insurance expenses; and (G) repairs,
replacements, and general maintenance of the Building; and (G) service or maintenance contracts with independent contractors for the operation, maintenance, repair, replacement, or security of the Building (including, without limitation, alarm
service, window cleaning, and elevator maintenance). 
 Notwithstanding anything contained in this Lease to the contrary, the Additional
Rent that Tenant shall be liable for hereunder with respect to any increased in the fixed rent payable by Landlord under the EDIC Master Lease shall not exceed: 

For 2012 - $       0.00 

For 2013 - $   659.59 

For 2014 - $1,882.73 
 For 2015
- $2,866.67 
 For 2016 - $3,880.12 

  
 10 

 Operating Costs shall not include costs for (i) capital improvements made to the
Building, other than capital improvements described in Section 4(b)(2)(C) and except for items which are generally considered maintenance and repair items, such as painting of common areas, replacement of carpet in elevator lobbies, painting
and sealing and general maintenance of the Building exterior windows and envelope as well as the parking lot, sidewalk and related elements, and the like; (ii) repair, replacements and general maintenance paid by proceeds of insurance or by
Tenant or other third parties; (iii) interest, amortization or other payments on loans to Landlord; (iv) depreciation; (v) leasing commissions; (vi) legal expenses for services, other than those that benefit the Building tenants
generally (e.g., tax disputes); (vii) renovating or otherwise improving space for occupants of the Building or vacant space in the Building; (viii) Taxes (defined below); (ix) federal income taxes imposed on or measured by the income of
Landlord from the operation of the Building; (x) leasing commissions, fees and costs, advertising and promotional expenses and other costs incurred in procuring tenants or in selling the Building or the Park; (xi) any overhead or profit
increments to any subsidiary or affiliate of Landlord for services on or to the Building, to the extent that the costs of such services exceed commercially reasonable costs for such services; (xii) cost of any HVAC, janitorial or other services
provided to tenants on an extra cost basis after regular business hours; (xiii) cost of any work or services performed for any facility other than the Building; (xiv) contingency or replacement reserves; (xv) cost of acquiring,
securing cleaning or maintaining sculptures, paintings and other works of art, other than any existing on the date of this Lease, and any which is of a customary type and cost for similarly situated buildings as the Building; (xvi) charitable
or political contributions; and (xvii) all other items for which another party compensates or pays so that Landlord shall not recover any item of cost more than once. 

(3)     Tenant shall also pay Tenant’s Proportionate Share of the Taxes (defined below) for each year and partial
year falling within the Term in the same manner as provided above for Additional Rent with regard to Operating Costs. “Taxes” shall mean taxes, assessments, and governmental charges whether federal, state, county or
municipal, and whether they be by taxing districts or authorities presently taxing or by others, subsequently created or otherwise, and any other taxes and assessments attributable to the Building (or its operation), but Taxes shall not include
payments in lieu of taxes pursuant to the EDIC Master Lease (so-called “tax rent” under the Master Lease), nor shall Taxes include amounts that would be payable under the Master Lease as tax rent if
the payment in lieu of taxes provisions are discontinued and those amounts are thereafter payable as Taxes as otherwise defined herein, excluding, however, penalties and interest thereon and franchise, estate, inheritance, succession, capital levy,
transfer, excess profits, or federal and state income taxes (if the present method of taxation changes so that in lieu of the whole or any part of any Taxes, there is levied on Landlord a capital tax directly on the rents received therefrom or a
franchise tax, assessment, or charge based, in whole or in part, upon such rents for the Building, then all such taxes, assessments, or charges, or the part thereof so based, shall be deemed to be included within the term
“Taxes” for purposes hereof). Taxes shall include the reasonable costs of consultants retained in an effort to lower taxes and all costs incurred in disputing any taxes or in seeking to lower the tax valuation of the
Building. For property tax purposes, Tenant waives all rights to protest or appeal the appraised value of the Premises, as well as the Building, and all rights to receive notices of reappraisement. 

(4)     By April 1 of each calendar year, or as soon thereafter as practicable, Landlord shall furnish to Tenant a
statement of Operating Costs for the previous year, and of the 

  
 11 

 
Taxes for the previous year (the “Operating Costs and Tax Statement”). If the Operating Costs and Tax Statement reveals that Tenant paid more for Operating Costs the
actual amount for the year for which such statement was prepared, or more than its actual share of Taxes for such year, then Landlord shall promptly credit or reimburse Tenant for such excess; likewise, if Tenant paid less than Tenant’s actual
Proportionate Share of Additional Rent or share of Taxes due, then Tenant shall promptly pay Landlord such deficiency. 
 (5)
    Tenant shall have sixty (60) days in which to dispute the statement of Landlord’s Operating Costs and Tax Statement, in which case Tenant shall give Landlord written notice (“Review Notice”) that Tenant
intends to review Landlord’s records of the Landlord’s Operating Costs for that calendar year. Within a reasonable time after receipt of the Review Notice, Landlord shall make all pertinent records available for inspection that are
reasonably necessary for Tenant to conduct its review. Within sixty (60) days after the records are made available to Tenant, Tenant shall have the right to give Landlord written notice (an “Objection Notice”) stating in reasonable
detail any objection to Landlord’s statement of Landlord’s Operating Costs for that year. If Tenant provides Landlord with a timely Objection Notice, Landlord and Tenant shall work together in good faith to resolve any issues raised in
Tenant’s Objection Notice. If Landlord and Tenant determine that Landlord’s Operating Costs for the calendar year are less than reported, Landlord shall provide Tenant with a credit against the next installment of rent in the amount of the
overpayment by Tenant. The records obtained by Tenant shall be treated as confidential. If there is an overcharge of Landlord’s Operating Costs by Landlord of more than five percent (5.00%), Landlord shall pay the reasonable costs incurred by
Tenant in reviewing Landlord’s records, provided however that if the audit determines that there has not been any overcharging, then Tenant shall pay to Landlord all reasonable expenses incurred by Landlord in connection with such audit. This
provision shall survive the expiration or early termination of the Lease. 
 (c)     Billing for
Electricity. The Premises currently has a separate meter for electricity in the Premises. Tenant shall pay (as hereinafter described) for the use of all electrical service to the Premises. Tenant shall be billed directly by such utility
company and Tenant agrees to pay each bill promptly in accordance with its terms, and upon default in making any such payment, Landlord may pay such charges and collect the same from Tenant. In the event for any reason Tenant cannot be billed
directly, Landlord shall forward each bill received with respect to the Building to Tenant of which Tenant shall pay its proportionate share (as reasonably determined by Landlord based upon either square footage or level of use) promptly and in
accordance with its terms. 
 5.     Delinquent Payment; Handling Charges. If payment required of Tenant
hereunder is delinquent for a period of five (5) days, Landlord may charge Tenant a fee equal to 5% of the delinquent payment to reimburse Landlord for its cost and inconvenience incurred as a consequence of Tenant’s delinquency. In
addition, all past due payments required of Tenant hereunder shall bear interest from five (5) days after the date due until paid at the lesser of eighteen percent per annum or the maximum lawful rate of interest. In no event, however, shall
the charges permitted under this Section 5 or elsewhere in this Lease, to the extent they are considered to be interest under applicable Law, exceed the maximum lawful rate of interest. 

  
 12 

 6.     Security Deposit. $50,000.00 

7.     Landlord’s Obligations 

(a)     Services. Landlord shall furnish to Tenant: (1) hot and cold water to the Premises;
(2) heating, ventilation and air conditioning (“HVAC”) as appropriate, at such temperatures and in such amounts as are standard for comparable buildings and the Permitted Use in the vicinity of the Building;
(3) passenger and freight elevators for ingress and egress to the floor on which the Premises are located, in common with other tenants, provided that Landlord may reasonably limit the number of operating elevators during non-business hours and holidays; and (4) 400 amp 3 phase electrical current at 408 volts (which is the electrical current which currently serves the Premises) for equipment that does not require more than 408 volts
and whose electrical energy consumption does not exceed what is typical and customary for laboratory use. Landlord shall maintain the Building’s Structure, the Building’s Systems (including any supplemental HVAC systems serving the
Premises), and the common areas of the Building in reasonably good order and condition, except for damage caused by a Tenant Party. If Tenant desires any of the services specified in Section 7.(a)(2) at any time other than between 8:00 a.m. and
6:00 p.m. on weekdays (excluding holidays), then such services shall be supplied to Tenant upon the request of Tenant delivered to Landlord on the business day preceding such extra usage, and Tenant shall pay to Landlord the actual cost of such
services within thirty (30) days after Landlord has delivered to Tenant an invoice therefor. The costs incurred by Landlord in providing after-hour HVAC service to Tenant shall include actual costs for electricity, water and sewer. 

(b)     Excess Utility Use. Landlord shall not be required to furnish electrical current for equipment that
requires more than 408 volts or other equipment whose electrical energy consumption exceeds what is typical and customary for laboratory use. If Tenant’s requirements for or consumption of electricity exceed the electricity to be provided by
Landlord as described in Section 7.(a), Landlord shall, at Tenant’s expense, make reasonable efforts to supply such service through the then-existing feeders and risers serving the Building and the Premises, and Tenant shall pay to
Landlord the cost of such service within thirty (30) days after Landlord has delivered to Tenant an invoice therefor. Landlord may determine the amount of such additional consumption and potential consumption by any verifiable method, including
installation of a separate meter in the Premises installed, maintained, and read by Landlord, at Tenant’s expense. Tenant shall not install any electrical equipment requiring special wiring or exceeding Building capacity unless approved in
advance by Landlord, which consent shall not be unreasonably withheld, conditioned or delayed, provided that Tenant shall agree to be responsible for any and all costs associated with the installation of such equipment, and the removal thereof at
the end of the term of this Lease if so requested by Landlord. The use of electricity in the Premises shall not exceed the capacity of existing feeders and risers to or wiring in the Premises. Any risers or wiring required to meet Tenant’s
excess electrical requirements shall, upon Tenant’s written request, be installed by Landlord, at Tenant’s cost, if, in Landlord’s judgment, the same are necessary and shall not cause permanent damage to the Building or the Premises,
cause or create a dangerous or hazardous condition, entail excessive or unreasonable alterations, repairs, or expenses, or interfere with or disturb other tenants of the Building. If Tenant uses machines or equipment in the Premises which materially
adversely affect the temperature otherwise maintained by the HVAC system or otherwise 

  
 13 

 
overload any utility beyond customary machinery or equipment required for laboratory use by Tenant, Landlord may install supplemental HVAC units or other supplemental equipment in the Premises,
and the cost thereof, including the cost of installation, operation, use, and maintenance, shall be paid by Tenant to Landlord within thirty (30) days after Landlord has delivered to Tenant an invoice therefor. 

(c)     Restoration of Services; Abatement. Landlord shall use reasonable efforts to restore any service
required of it that becomes unavailable; however, such unavailability shall not render Landlord liable for any damages caused thereby, be a constructive eviction of Tenant, constitute a breach of any implied warranty, or, except as provided in the
next sentence, entitle Tenant to any abatement of Tenant’s obligations hereunder. If, however, Tenant is prevented from using the Premises for more than seven (7) consecutive business days because of the unavailability of any such service
and such unavailability was not caused by a Tenant Party, then Tenant shall, as its exclusive remedy be entitled to a reasonable abatement of Rent for each consecutive day (after such 7-day period) that Tenant
is so prevented from using the Premises. 
 8.     Improvements; Alterations; Repairs; Maintenance. 

(a)     Improvements; Alterations. Improvements to the Premises shall be installed at Tenant’s expense
only in accordance with plans and specifications which have been previously submitted to and approved in writing by Landlord, which approval shall be governed by standards in the following sentence. No alterations or physical additions in or to the
Premises may be made without Landlord’s prior written consent, which shall not be unreasonably withheld or delayed; however, Landlord may withhold its consent to any alteration or addition that would adversely affect (in the reasonable
discretion of Landlord) (1) the Building’s Structure or the Building’s Systems (including the Building’s restrooms or mechanical rooms), (2) the exterior appearance of the Building, or (3) the appearance of the
Building’s common areas or elevator lobby areas. Tenant shall not paint or install lighting or decorations, signs, window or door lettering, or advertising media of any type on or about the Premises without the prior written consent of
Landlord, which shall not be unreasonably withheld or delayed; however, Landlord may withhold its consent to any such painting or installation which would affect the appearance of the exterior of the Building or of any common areas of the Building.
All alterations, additions, and improvements shall be constructed, maintained, and used by Tenant, at its risk and expense, in accordance with all Laws; Landlord’s consent to or approval of any alterations, additions or improvements (or the
plans therefor) shall not constitute a representation or warranty by Landlord, nor Landlord’s acceptance, that the same comply with sound architectural and/or engineering practices or with all applicable Laws, and Tenant shall be solely
responsible for ensuring all such compliance. 
 (b)     Repairs; Maintenance. Tenant shall maintain the
Premises in a clean, safe, and operable condition, and shall not permit nor allow to remain any waste or damage to any portion of the Premises. Tenant shall repair or replace, subject to Landlord’s direction and supervision, any damage to the
Building caused by a Tenant Party. If Tenant fails to make such repairs or replacements within fifteen (15) days after the occurrence of such damage (or such longer period as may be necessary provided that Tenant commences the repair within
fifteen (15) days and diligently prosecutes the same to completion), then Landlord may make the same at Tenant’s cost. If any such damage occurs outside of the Premises, then Landlord may elect to repair such damage at Tenant’s

  
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expense, rather than having Tenant repair such damage. The cost of all repair or replacement work performed by Landlord under this Section 8 shall be paid by Tenant to Landlord within ten
(10) days after Landlord has invoiced Tenant therefor. Tenant shall provide Landlord within thirty (30) days following the Commencement Date (and then annually on the anniversary of the Commencement Date), with copies of any service
contracts for Tenant owned HVAC equipment. 
 (c)     Performance of Work. All work described in this
Section 8 shall be performed only by Landlord or by contractors and subcontractors approved in writing by Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Tenant shall cause all contractors and subcontractors
to procure and maintain insurance coverage naming Landlord as an additional insured against such risks, in such amounts, and with such companies as Landlord may reasonably require. All such work shall be performed in accordance with all Laws and in
a good and workmanlike manner so as not to damage the Building (including the Premises, the Building’s Structure and the Building’s Systems). Except of Tenant’s Work described on Exhibit B, All such work which may affect the
Building’s Structure or the Building’s Systems must be approved by the Building’s engineer of record, at Tenant’s expense and, at Landlord’s election, must be performed by Landlord’s usual contractor for such work.
Tenant shall provide sworn statements, including the names, addresses and copies of contracts for all contractors, and upon completion of any work shall promptly furnish Landlord with sworn owner’s and contractor’s statements and full and
final waivers of lien covering all labor and materials included in the work in question. 
 Tenant shall provide sworn statements, including
the names, addresses and copies of contracts for all contractors, and upon completion of any work shall promptly furnish Landlord with sworn owner’s and contractor’s statements and full and final waivers of lien covering all labors and
materials included in the work in question. 
 (d)     Mechanic’s Liens. Tenant shall not permit any
mechanic’s liens to be filed against the Premises or the Building for any work performed, materials furnished, or obligation incurred by or at the request of Tenant. If such a lien is filed, then Tenant shall, within ten (10) days after
Landlord has delivered notice of the filing thereof to Tenant, either pay the amount of the lien or diligently contest such lien and deliver to Landlord a bond or other security reasonably satisfactory to Landlord. If Tenant fails to timely take
either such action, then Landlord may pay the lien claim, and any amounts so paid, including expenses and interest, shall be paid by Tenant to Landlord within ten (10) days after Landlord has invoiced Tenant therefor. 

9.     Use. Tenant shall occupy and not use the Premises for any use other than the Permitted Use, and shall
comply with all Laws relating to the use, condition, access to, and occupancy of the Premises. Notwithstanding the foregoing, Tenant shall not be required to make any changes to the Building’s Structure or the Building’s Systems unless
required as a result of Tenant’s particular use of the Premises or any alterations performed by or on behalf of Tenant (other than the Tenant’s Work) Tenant may use the Premises on a 24/7 basis. The Premises shall not be used for any use
which is disreputable, creates extraordinary fire hazards, or results in an increased rate of insurance on the Building or its contents, or for the storage of any Hazardous Materials, other than those Hazardous Materials used and stored by Tenant in
connection with the operation of Tenant for the Permitted Use strictly in conformance with all applicable laws, rules and regulations. If, because of a Tenant Party’s acts, the rate of insurance on the Building or its contents increases
(excluding 

  
 15 

 
however, any increase in insurance due solely to Tenant’s business operations as a laboratory), then such acts shall be an Event of Default, Tenant shall pay to Landlord the amount of such
increase on demand, and acceptance of such payment shall not waive any of Landlord’s other rights. Tenant shall conduct its business and control each other Tenant Party so as not to create any nuisance or unreasonably interfere with other
tenants or Landlord in its management of the Building. 
 10.     Assignment and Subletting 

(a)     Transfers. Except as provided in this Section 10, Tenant shall not, without the prior written
consent of Landlord, (1) assign, transfer, or encumber this Lease or any estate or interest herein, whether directly or by operation of law, (2) permit any other entity to become Tenant hereunder by merger, consolidation, or other
reorganization, (3) if Tenant is an entity other than a corporation whose stock is publicly traded, permit the transfer of an ownership interest in Tenant so as to result in a change in the current control of Tenant, (4) sublet any portion
of the Premises, (5) grant any license, concession, or other right of occupancy of any portion of the Premises, or (6) permit the use of the Premises by any parties other than Tenant (any of the events listed in Section 10.(a)(1)
through 10.(a)(6) being a “Transfer”). 
 (b)     Consent Standards. Subject to
the provisions of Section 10.(e) hereof, Landlord shall not unreasonably withhold, condition or delay its consent to any assignment or subletting of the Premises, provided that the proposed transferee is creditworthy, will use the Premises for
the Permitted Use or any other use permitted by applicable zoning regulations, and will not use the Premises in any manner that would conflict with any exclusive use agreement or other similar agreement entered into by Landlord with any other tenant
of the Building, is not a governmental entity, or subdivision or agency thereof, and is not another occupant of the Building or person or entity with whom Landlord is negotiating to lease space in the Building; otherwise, Landlord may withhold its
consent in its sole discretion. 
 (c)     Request for Consent. If Tenant requests Landlord’s consent
to a transfer, then Tenant shall provide Landlord with a written description of all material terms and conditions of the proposed Transfer, copies of the proposed documentation, and the following information about the proposed transferee: name and
address; reasonably satisfactory information about its business and business history; its proposed use of the Premises; banking, financial, and other credit information reasonably requested by Landlord. Concurrently with Tenant’s notice of any
request for consent to a Transfer, Tenant shall pay to Landlord a fee of $750.00 to defray Landlord’s expenses in reviewing such request, and Tenant shall also reimburse Landlord within ten (10) days of request for its reasonable
attorneys’ fees incurred in connection with considering any request for consent to a Transfer. 
 (d)
    Conditions to Consent. If Landlord consents to a proposed Transfer, then the proposed transferee shall deliver to Landlord a written agreement whereby it expressly assumes Tenant’s obligations hereunder;
however, any transferee of less than all of the space in the Premises shall be liable only for obligations under this Lease that are properly allocable to the space subject to the Transfer for the period of the Transfer, and provided further that
the rental obligations of any subtenant shall be governed by the applicable sublease. No Transfer shall release Tenant from its 

  
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obligations under this Lease, but rather Tenant and its transferee shall be jointly and severally liable therefor. Landlord’s consent to any Transfer shall not waive Landlord’s rights
as to any subsequent Transfers. If an Event of Default occurs while the Premises or any part thereof are subject to a Transfer, then Landlord, in addition to its other remedies, may collect directly from such transferee all rents becoming due to
Tenant and apply such rents against Rent. Tenant authorizes its transferees to make payments of rent directly to Landlord upon receipt of notice from Landlord to do so. Tenant shall pay for the cost of any demising walls or other improvements
necessitated by a proposed subletting or assignment. 
 (e)     Cancellation. Landlord may in its sole
discretion, within ten (10) business days after submission of Tenant’s written request for Landlord’s consent to an assignment or a subletting of greater than fifty percent (50%) of the Premises, cancel this Lease as to the portion of
the Premises proposed to be sublet or assigned as of the date the proposed Transfer is to be effective. If Landlord cancels this Lease as to any portion of the Premises, then Tenant shall have the option to withdraw the request for Landlord’s
consent within ten (10) business days of Landlord’s notice of cancellation. If Tenant does not withdraw the request, this Lease shall cease for such portion of the Premises and Tenant shall pay to Landlord all Rent accrued through the
cancellation date relating to the portion of the Premises covered by the proposed Transfer. Thereafter, Landlord may lease such portion of the Premises to the prospective transferee (or to any other person) without liability to Tenant. 

(f)     Additional Compensation. Tenant shall pay to Landlord, within ten (10) days of receipt thereof,
fifty percent (50%) of the excess of (1) all compensation received by Tenant for a Transfer less the costs reasonably incurred by Tenant with unaffiliated third parties in connection with such Transfer (i.e., brokerage commissions,
tenant finish work, fees and costs paid to Landlord, and the like) over (2) the Rent allocable to the portion of the Premises covered thereby. 

(g)     Permitted Transfers. Notwithstanding Section 10. (a), Tenant may Transfer all or part of its
interest in this Lease or all or part of the Premises (a “Permitted Transfer”) to the following types of entities (a “Permitted Transferee”) without the written consent of Landlord: 

(1)     an Affiliate of Tenant so long as Tenant remains liable on this Lease; 

(2)     any corporation, limited partnership, limited liability partnership, limited liability company or
other business entity in which or with which Tenant, or its corporate successors or assigns, is merged or consolidated, in accordance with applicable statutory provisions governing merger and consolidation of business entities, so long as
(A) Tenant’s obligations hereunder are assumed by the entity surviving such merger or created by such consolidation; and (B) the Tangible Net Worth (as defined below) of the surviving or created entity is not less than the greater of
(i) the Tangible Net Worth of Tenant as of the date hereof, or (ii) the Tangible Net Worth of Tenant at the time of any such Permitted Transfer; or 

(3)     any corporation, limited partnership, limited liability partnership, limited liability company or
other business entity acquiring all or substantially all of Tenant’s assets if such entity’s Tangible Net Worth after such acquisition is not less than the greater of (i) the Tangible Net Worth of Tenant as of the date hereof, or
(ii) the Tangible Net Worth of Tenant at the time of any such Permitted Transfer. 

  
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 In addition, notwithstanding the provisions of Section 10(a), should the investment of
additional equity capital in Tenant result in a change in control of the ownership interest of Tenant, such change shall not be deemed a Transfer so long as the current principals of the controlling interest in Tenant continue to retain an equity
interest in Tenant. 
 Tenant shall promptly notify Landlord of any such Permitted Transfer. Tenant shall remain liable for the performance
of all of the obligations of Tenant hereunder, or if Tenant no longer exists because of a merger, consolidation, or acquisition, the surviving or acquiring entity shall expressly assume in writing the obligations of Tenant hereunder. Additionally,
the Permitted Transferee shall comply with all of the terms and conditions of this Lease, including the Permitted Use, and the use of the Premises by the Permitted Transferee may not violate any other agreements affecting the Premises, the Building,
Landlord or other tenants of the Building. At least thirty (30) days after the effective date of any Permitted Transfer, Tenant agrees to furnish Landlord with copies of the instrument effecting any of the foregoing Transfers and documentation
establishing Tenant’s satisfaction of the requirements set forth above applicable to any such Transfer. The occurrence of a Permitted Transfer shall not waive Landlord’s rights as to any subsequent Transfers. “Tangible Net
Worth” means the excess of total assets over total liabilities, in each case as determined in accordance with generally accepted accounting principles consistently applied (“GAAP”), excluding, however, from the
determination of total assets all assets which would be classified as intangible assets under GAAP Any subsequent Transfer by a Permitted Transferee shall be subject to Landlord’s prior written consent in accordance with the provisions of this
Section 10. 
 11.     Insurance; Waivers; Subrogation; Indemnity 

(a)     Insurance. Tenant shall maintain throughout the Term the following insurance policies:
(1) commercial general liability insurance in amounts of $3,000,000 per occurrence or such other amounts as Landlord may from time to time reasonably require, naming Landlord, Landlord’s agents and any mortgage lender as additional
insureds, (2) insurance covering the full value of Tenant’s property and improvements, and other property (including property of others) in the Premises, (3) worker’s compensation insurance, containing a waiver of subrogation
endorsement acceptable to Landlord, and (4) business interruption insurance as exists as of the date of this Lease. Tenant’s insurance shall provide primary coverage to Landlord when any policy issued to Landlord provides duplicate or
similar coverage, and in such circumstance Landlord’s policy will be excess over Tenant’s policy. Tenant shall furnish to Landlord certificates of such insurance and such other evidence satisfactory to Landlord of the maintenance of all
insurance coverages required hereunder, and Tenant shall obtain a written obligation on the part of each insurance company to notify Landlord at least thirty (30) days before cancellation or a material change of any such insurance policies. All
such insurance policies shall be in form, and issued by companies, reasonably satisfactory to Landlord. 
 (b)
    Waiver of Negligence; No Subrogation. To the extent permitted by law, Landlord and Tenant each waives any claim it might have against the other for any injury to or death

  
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of any person or persons or damage to or theft, destruction, loss, or loss of use of any property (a “Loss”), to the extent the same is insured against under any insurance
policy that covers the Building, the Premises, Landlord’s or Tenant’s fixtures, personal property, leasehold improvements, or business, or, is required to be insured against under the terms hereof, regardless of whether the negligence
of the other party caused such Loss. Each party shall cause its insurance carrier to endorse all applicable policies waiving the carrier’s rights of recovery under subrogation or otherwise against the other party. 

(c)     Indemnity. Subject to Section 11.(b), Tenant shall defend, indemnify, and hold harmless
Landlord and its representatives and agents from and against all claims, demands, liabilities, causes of action, suits, judgments, damages, and expenses (including attorneys’ fees) arising from (1) any Loss arising from any occurrence on
the Premises (other than any Loss arising out of a breach of Tenant’s obligations under Section 25.(t), which shall be subject to the indemnity in such section) or (2) Tenant’s failure to perform its obligations under this Lease,
and in either case except to the extent caused by the negligence or fault of Landlord or its agents. This indemnity provision shall survive termination or expiration of this Lease. If any proceeding is filed for which indemnity is required
hereunder, Tenant agrees, upon request therefor, to defend the indemnified party in such proceeding at its sole cost utilizing counsel reasonably satisfactory to the indemnified party. 

(d)     Landlord’s Insurance. Landlord shall procure and maintain (i) general liability for bodily
injury and property damage arising from Landlord’s ownership, management, use and/or operation of the Building with coverage limits equal to those Tenant is required to maintain in accordance with Section 11.1(a) above; and
(ii) insurance covering all perils insurable under a “Causes of Loss - Special Form” policy, including, but not limited to, fire and such other risks as are from time to time included in standard extended coverage endorsements, with
an “Agreed Amount” endorsement, or such greater coverage as may be required by Landlord’s mortgage but in any event not less than full replacement value of the Building. 

12.     Subordination; Attornment; Notice to Landlord’s Mortgagee 

(a)     Subordination. This Lease shall be subordinate to any deed of trust, mortgage, or other security
instrument, or any ground lease, master lease, or primary lease, that now or hereafter covers all or any part of the Premises (the mortgagee under any such mortgage or the lessor under any such lease is referred to herein as a
“Landlord’s Mortgagee”) without the necessity of the execution of a separate subordination agreement. Tenant shall execute such agreements confirming such subordination as Landlord or Landlord’s Mortgagee may
reasonably request. Any Landlord’s Mortgagee may elect, at any time, unilaterally, to make this Lease superior to its mortgage, ground lease, or other interest in the Premises by so notifying Tenant in writing. 

(b)     Attornment. Tenant shall attorn to any party succeeding to Landlord’s interest in the Premises,
whether by purchase, foreclosure, deed in lieu of foreclosure, power of sale, termination of lease, or otherwise, upon such party’s request, and shall execute such agreements confirming such attornment as such party may reasonably request. 

  
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 (c)     Notice to Landlord’s Mortgagee. Tenant shall
not seek to enforce any remedy it may have for any default on the part of Landlord without first giving written notice by certified mail, return receipt requested, specifying the default in reasonable detail, to any Landlord’s Mortgagee whose
address has been given to Tenant, and affording such Landlord’s Mortgagee a reasonable opportunity to perform Landlord’s obligations hereunder. 

(d)     Landlord’s Mortgagee’s Protection Provisions. If Landlord’s Mortgagee shall succeed
to the interest of Landlord under this Lease, Landlord’s Mortgagee shall not be: (1) liable for any act or omission of any prior lessor (including Landlord); (2) bound by any rent or additional rent or advance rent which Tenant might have
paid for more than the current month to any prior lessor (including Landlord), and all such rent shall remain due and owing, notwithstanding such advance payment; (3) bound by any security or advance rental deposit made by Tenant which is not
delivered or paid over to Landlord’s Mortgagee and with respect to which Tenant shall look solely to Landlord for refund or reimbursement; (4) bound by any termination, material amendment or modification of this Lease made without
Landlord’s Mortgagee’s consent and written approval, except for those terminations, amendments and modifications permitted to be made by Landlord without Landlord’s Mortgagee’s consent pursuant to the terms of the loan documents
between Landlord and Landlord’s Mortgagee; (5) subject to the defenses which Tenant might have against any prior lessor (including Landlord); and (6) subject to the offsets which Tenant might have against any prior lessor (including
Landlord) except for those offset rights which (A) are expressly provided in this Lease (B) relate to periods of time following the acquisition of the Building by Landlord’s Mortgagee, and (C) Tenant has provided written notice
to Landlord’s Mortgagee and provided Landlord’s Mortgagee a reasonable opportunity to cure the event giving rise to such offset event. Landlord’s Mortgagee shall have no liability or responsibility under or pursuant to the terms of
this Lease or otherwise after it ceases to own an interest in the Building. Nothing in this Lease shall be construed to require Landlord’s Mortgagee to see to the application of the proceeds of any loan, and Tenant’s agreements set forth
herein shall not be impaired on account of any modification of the documents evidencing and securing any loan. 
 (e)
    Subordination, Non-Disturbance and Attornment Agreement. The Landlord agrees to use commercially reasonable efforts to have the holder of any mortgage or deed of trust
which may become prior to this Lease and any such primary lessor, as the case may be, enter into its usual nondisturbance agreement with Tenant, or, in lieu thereof, provide the Tenant with an agreement by the terms of which such holder or primary
lessor agrees to recognize the rights of the Tenant under this Lease in the event of foreclosure of such mortgage or deed of trust or termination of such primary lease, respectively, so long as the Tenant is not in default hereunder; provided that
the Tenant has paid any reasonable legal fees and other charges which may be required by such holder or such primary lessor, as the case may be, in order so to obtain such agreement (and the Landlord shall not be required to pay any such charges).

 13.     Rules and Regulations. Tenant shall comply with the rules and regulations of the Building which
are attached hereto as Exhibit C. Landlord may, from time to time, change such rules and regulations for the safety, care, or cleanliness of the Building and related facilities, provided that such changes are applicable to all tenants of the
Building and will not unreasonably interfere with Tenant’s use of or access to the Premises. Tenant shall be responsible for the compliance with such rules and regulations by each Tenant Party. 

  
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 14.     Condemnation. 

(a)     Total Taking. If the entire Building or Premises are taken by right of eminent domain or conveyed in
lieu thereof (a “Taking”), this Lease shall terminate as of the date of the Taking. 
 (b)    
Partial Taking – Tenant’s Rights. If any part of the Building becomes subject to a Taking and such Taking will materially adversely affect Tenant’s business in the Premises in a manner reasonably comparable to that
conducted immediately before such Taking for a period of more than one hundred eighty (180) days, then Tenant may terminate this Lease as of the date of such Taking by giving written notice to Landlord within thirty (30) days after the
Taking, and Rent shall be apportioned as of the date of such Taking. If Tenant does not terminate this Lease, then Rent shall be abated on a reasonable basis as to that portion of the Premises rendered untenantable by the Taking. 

(c)     Partial Taking – Landlord’s Rights. If any material portion, but less than all, of the
Building becomes subject to a Taking, or if Landlord is required to pay any of the proceeds received for a Taking to a Landlord’s Mortgagee, then Landlord may terminate this Lease by delivering written notice thereof to Tenant within thirty
(30) days after such Taking, and Rent shall be apportioned as of the date of such Taking, provided that Landlord terminates the leases of all other similarly affected tenants. If Landlord does not so terminate this Lease, then this Lease will
continue, but if any portion of the Premises has been taken, Rent shall abate as provided in the last sentence of Section 14.(b). 

(d)     Award. If any Taking occurs, then Landlord shall receive the entire award or other compensation for
the land on which the Building is situated, the Building, and other improvements taken, and Tenant may separately pursue a claim (to the extent it will not reduce Landlord’s award) against the condemnor for the value of Tenant’s personal
property which Tenant is entitled to remove under this Lease, moving costs, loss of business, and other claims it may have. 
 15.
    Fire or Other Casualty 
 (a)     Repair Estimate. If the Premises or
the Building are damaged by fire or other casualty (a “Casualty”), Landlord shall, within sixty (60) days after such Casualty, deliver to Tenant a good faith estimate (the “Damage Notice”) of the
time needed to repair the damage caused by such Casualty. 
 (b)     Landlord’s and Tenant’s
Rights. If a material portion of the Premises or the Building is damaged by Casualty such that Tenant is prevented from conducting its business in the Premises in a manner reasonably comparable to that conducted immediately before such
Casualty and Landlord estimates that the damage caused thereby cannot be repaired within one hundred eighty (180) days after the Casualty, then Tenant may terminate this Lease by delivering written notice to Landlord of its election to
terminate within thirty (30) days after the Damage Notice has been delivered to Tenant. If Tenant does not so timely terminate this Lease, then 

  
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(subject to Section 15.(c)) Landlord shall repair the Building or the Premises, as the case may be, as provided below, and Rent for the portion of the Premises rendered untenantable by the
damage shall be abated on a reasonable basis from the date of damage until the completion of the repair. 
 (c)    
Landlord’s Rights. If a Casualty damages a material portion of the Building, and Landlord makes a good faith determination that restoring the Premises would be uneconomical, or if Landlord is required to pay any insurance proceeds
arising out of the Casualty to a Landlord’s Mortgagee, then Landlord may terminate this Lease by giving written notice of its election to terminate within thirty (30) days after the Damage Notice has been delivered to Tenant, and Basic
Rent and Additional Rent shall be abated as of the date of the Casualty. 
 (d)     Repair Obligation. If
neither party elects to terminate this Lease following a Casualty, then Landlord shall, within a reasonable time after such Casualty, begin to repair the Building and the Premises and shall proceed with reasonable diligence to restore the Building
and Premises to substantially the same condition as they existed immediately before such Casualty; however, Landlord shall not be required to repair or replace any of the furniture, equipment, fixtures, and other improvements which may have been
placed by, or at the request of, Tenant or other occupants in the Building or the Premises, and Landlord’s obligation to repair or restore the Building or Premises shall be limited to the extent of the insurance proceeds actually received by
Landlord for the Casualty in question. 
 16.     Personal Property Taxes. Tenant shall be liable for all
taxes levied or assessed against personal property, furniture, or fixtures placed by Tenant in the Premises. If any taxes for which Tenant is liable are levied or assessed against Landlord or Landlord’s property and Landlord elects to pay the
same, or if the assessed value of Landlord’s property is increased by inclusion of such personal property, furniture or fixtures and Landlord elects to pay the taxes based on such increase, then Tenant shall pay to Landlord, upon demand, the
part of such taxes for which Tenant is primarily liable hereunder; however, Landlord shall not pay such amount if Tenant notifies Landlord that it will contest the validity or amount of such taxes before Landlord makes such payment, and thereafter
diligently proceeds with such contest in accordance with law and if the non-payment thereof does not pose a threat of loss or seizure of the Building or interest of Landlord therein or impose any fee or
penalty against Landlord. 
 17.     Events of Default. Each of the following occurrences shall be an
“Event of Default”: 
 (a)     Tenant’s failure to pay Rent within five (5) days after
Landlord has delivered written notice to Tenant that the same is due; however, an Event of Default shall occur hereunder without any obligation of Landlord to give any notice if Landlord has given Tenant written notice under this Section 17.(a)
on more than two occasions during the twelve (12) month interval preceding such failure by Tenant; 
 (b)
    Tenant abandons the Premises; 

  
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 (c)     Tenant fails to comply with the Permitted Use set forth herein
and the continuance of such failure for a period of five (5) days after Landlord has delivered to Tenant written notice thereof; 

(d)     Tenant fails to provide any estoppel certificate within the time period required under Section 25.(e) and
such failure shall continue for five (5) days after written notice thereof from Landlord to Tenant; 
 (e)    
Tenant’s failure to perform, comply with, or observe any other agreement or obligation of Tenant under this Lease and the continuance of such failure for a period of more than thirty (30) days after Landlord has delivered to Tenant written
notice thereof or such longer period as may reasonably be required, not to exceed ninety (90) days, provided that Tenant has commenced diligently to correct the default or defaults so specified and thereafter diligently pursued such correction
to completion; and 
 (f)     The filing of a petition by or against Tenant (the term “Tenant”
shall include, for the purpose of this Section 17.(f), any guarantor of Tenant’s obligations hereunder) (1) in any bankruptcy or other insolvency proceeding; (2) seeking any relief under any state or federal debtor relief law;
(3) for the appointment of a liquidator or receiver for all or substantially all of Tenant’s property or for Tenant’s interest in this Lease; or (4) for the reorganization or modification of Tenant’s capital structure;
however, if such a petition is filed against Tenant, then such filing shall not be an Event of Default unless Tenant fails to have the proceedings initiated by such petition dismissed within ninety (90) days after the filing thereof. 

18.     Remedies. Upon an Event of Default, Landlord may, in addition to all other rights and remedies
afforded Landlord hereunder, take any of the following actions: 
 (a)     Terminate this Lease by giving Tenant written
notice thereof, in which event Tenant shall pay to Landlord the sum of (1) all Rent accrued hereunder through the date of termination, (2) all amounts due under Section 19.(a), and (3) an amount equal to (A) the total Rent
that Tenant would have been required to pay for the remainder of the Term plus Landlord’s estimate of aggregate expenses of reletting to the Premises, minus (B) the then present fair rental rate value of the Premises for such period, which
amount shall be discounted to present value at a discount rate equal to the then Prime Rate as published in the Wall Street Journal on the date closest to the date of written termination; 

(b)     Terminate Tenant’s right to possess the Premises without terminating this Lease by giving written notice
thereof to Tenant, in which event Tenant shall pay to Landlord (1) all Rent and other amounts accrued hereunder to the date of termination of possession, (2) all amounts due from time to time under Section 19.(a), and (3) all
Rent and other net sums required hereunder to be paid by Tenant during the remainder of the Term, diminished by any net sums thereafter received by Landlord through reletting the Premises during such period, after deducting all out-of-pocket costs incurred by Landlord in reletting the Premises. The refusal or failure of Landlord to relet the Premises or any part or parts thereof shall not release or
affect Tenant’s liability for damages, provided however, that after the termination of this Lease as a result of an Event of Default, Landlord shall use reasonable efforts to relet the Premises on such terms as

  
 23 

 
Landlord in its sole but reasonable discretion may determine (including a term different from the Term, rental concessions, and alterations to, and improvement of, the Premises), but in using
such reasonable efforts, Landlord shall not be required to (i) give priority to the reletting of the Premises over the leasing of other portions of the Building, (ii) enter into a lease with any proposed tenant that does not, in
Landlord’s reasonable opinion, have sufficient financial resources or experience to operate the Premises in a first-class manner, or (iii) lease the Premises for a rental less than the current rental then prevailing for similar space in
the Building. Landlord shall not be liable for, nor shall Tenant’s obligations hereunder be diminished because of, Landlord’s failure to relet the Premises or to collect rent due for such reletting. Tenant shall not be entitled to the
excess of any consideration obtained by reletting over the Rent due hereunder. Reentry by Landlord in the Premises shall not affect Tenant’s obligations hereunder for the unexpired Term; rather, Landlord may, from time to time, bring an action
against Tenant to collect amounts due by Tenant, without the necessity of Landlord’s waiting until the expiration of the Term. Unless Landlord delivers written notice to Tenant expressly stating that it has elected to terminate this Lease, all
actions taken by Landlord to dispossess or exclude Tenant from the Premises shall be deemed to be taken under this Section 18.(b). If Landlord elects to proceed under this Section 18.(b), it may at any time elect to terminate this Lease
under Section 18.(a). 
 Any and all remedies set forth in this Lease: (i) shall be in addition to any and all other remedies
Landlord may have at law or in equity; (ii) shall be cumulative; and (iii) may be pursued successively or concurrently as Landlord may elect. The exercise of any remedy by Landlord shall not be deemed an election of remedies or preclude
Landlord from exercising any other remedies in the future. Notwithstanding the foregoing, Landlord shall only recover its damages allowed hereunder once. Notwithstanding anything contained herein to contrary, except as set forth in Section 22
of this Lease, Tenant shall not be liable for Landlord’s consequential, indirect or special damages resulting from Tenant’s default hereunder. 

19.     Payment by Tenant; Non-Waiver 

(a)     Payment by Tenant. Upon any Event of Default, Tenant shall pay to Landlord all costs incurred by
Landlord (including court costs and reasonable attorneys’ fees and expenses) in (1) obtaining possession of the Premises, (2) removing and storing Tenant’s or any other occupant’s property, (3) repairing, restoring, or
otherwise putting the Premises into condition acceptable to a new tenant, (4) if Tenant is dispossessed of the Premises and this Lease is not terminated, reletting all or any part of the Premises (including brokerage commissions, cost of tenant
finish work, and other costs incidental to such reletting), (5) performing Tenant’s obligations which Tenant failed to perform, and (6) enforcing, or advising Landlord of, its rights, remedies, and recourses arising out of the Event of
Default. To the full extent permitted by law, Landlord and Tenant agree the federal and state courts of the state in which the Premises are located shall have exclusive jurisdiction over any matter relating to or arising from this Lease and the
parties’ rights and obligations under this Lease. 
 (b)     No Waiver. Landlord’s acceptance of
Rent following an Event of Default shall not waive Landlord’s rights regarding such Event of Default. No waiver by Landlord of any violation or breach of any of the terms contained herein shall waive Landlord’s rights regarding any future
violation of such term. Landlord’s acceptance of any partial payment of Rent shall not 

  
 24 

 
waive Landlord’s rights with regard to the remaining portion of the Rent that is due, regardless of any endorsement or other statement on any instrument delivered in payment of Rent or any
writing delivered in connection therewith; accordingly, Landlord’s acceptance of a partial payment of Rent shall not constitute an accord and satisfaction of the full amount of the Rent that is due. 

20.     Intentionally Omitted. 

21.     Surrender of Premises. No act by Landlord shall be deemed an acceptance of a surrender of the
Premises, and no agreement to accept a surrender of the Premises shall be valid unless it is in writing and signed by Landlord. At the expiration or termination of this Lease, Tenant shall deliver to Landlord the Premises with all improvements
located therein in good repair and condition, strictly in compliance with applicable law with respect to all Hazardous Materials placed on the Premises during the Term, broom-clean, reasonable wear and tear (and condemnation and Casualty damage, as
to which Sections 14 and 15 shall control) excepted, and shall deliver to Landlord all keys to the Premises. Provided that Tenant has performed all of its obligations hereunder, Tenant may remove all unattached trade fixtures, furniture, and
personal property placed in the Premises or elsewhere in the Building by Tenant (but Tenant may not remove any such item which was paid for, in whole or in part, by Landlord or any wiring or cabling unless Landlord requires such removal).
Additionally, at Landlord’s option, Tenant shall remove such alterations, additions, improvements, trade fixtures, personal property, equipment, wiring, cabling, and furniture as Landlord may have requested be removed at the time it approved of
such alterations, additions or improvements. Notwithstanding anything contained to the contrary herein, Tenant shall have no obligations to remove any of the alterations that comprise Tenant’s Work as set forth on Exhibit B. Tenant shall repair
all damage caused by such removal. All items not so removed shall, at Landlord’s option, be deemed to have been abandoned by Tenant and may be appropriated, sold, stored, destroyed, or otherwise disposed of by Landlord without notice to Tenant
and without any obligation to account for such items; any such disposition shall not be considered a strict foreclosure or other exercise of Landlord’s rights in respect of the security interest granted under Section 20. The provisions of
this Section 21 shall survive the end of the Term. 
 22.     Holding Over. If Tenant fails to vacate
the Premises at the end of the Term, then Tenant shall be a tenant at sufferance and, in addition to all other damages and remedies to which Landlord may be entitled for such holding over, Tenant shall pay, in addition to the other Rent, a daily
Basic Rent equal to 150% of the daily Basic Rent payable during the last month of the Term. The provisions of this Section 22 shall not be deemed to limit or constitute a waiver of any other rights or remedies of Landlord provided herein or at
law. If Tenant fails to surrender the Premises upon the termination or expiration of this Lease, in addition to any other liabilities to Landlord accruing therefrom, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss,
costs (including reasonable attorneys’ fees) and liability resulting from such failure, including, without limiting the generality of the foregoing, any claims made by any succeeding tenant founded upon such failure to surrender, and any lost
profits to Landlord resulting therefrom. 

  
 25 

 23.     Certain Rights Reserved by Landlord. Provided that
the exercise of such rights does not unreasonably interfere with Tenant’s occupancy of or access to the Premises, Landlord shall have the following rights: 

(a)     To decorate and to make inspections, repairs, alterations, additions, changes, or improvements, whether structural
or otherwise, in and about the Building, or any part thereof; to enter upon the Premises (after giving Tenant reasonable notice thereof, which may be oral notice, except in cases of real or apparent emergency, in which case no notice shall be
required) and, during the continuance of any such work, to temporarily close doors, entryways, public space, and corridors in the Building; to interrupt or temporarily suspend Building services and facilities; upon 60 days prior notice, to change
the name of the Building; and to change the arrangement and location of entrances or passageways, doors, and doorways, corridors, elevators, stairs, restrooms, or other public parts of the Building; 

(b)     To take such reasonable measures as Landlord deems advisable for the security of the Building and its occupants;
evacuating the Building for cause, suspected cause, or for drill purposes; temporarily denying access to the Building; and closing the Building after normal business hours and on Sundays and holidays, subject, however, to Tenant’s right to
enter when the Building is closed after normal business hours under such reasonable regulations as Landlord may prescribe from time to time; and 

(c)     To enter the Premises at reasonable hours upon reasonable prior notice, to show the Premises to prospective
purchasers, lenders, or, during the last 12 months of the Term, tenants provided that a representative of Tenant is afforded the opportunity to be present at all such times. 

24.     Intentionally Omitted. 

25.     Miscellaneous. 

(a)     Landlord Transfer. Landlord may transfer any portion of the Building and any of its rights under this
Lease. If Landlord assigns its rights under this Lease, then Landlord shall thereby be released from any further obligations hereunder arising after the date of transfer, provided that the assignee assumes Landlord’s obligations hereunder in
writing. 
 (b)     Landlord’s Liability. The liability of Landlord to Tenant for any default by
Landlord under the terms of this Lease shall be limited to Tenant’s actual direct, but not consequential, damages therefor and shall be recoverable only from the interest of Landlord in the Building (including the rents, profits and proceeds),
and Landlord shall not be personally liable for any deficiency. This Section shall not limit any remedies which Tenant may have for Landlord’s defaults which do not involve the personal liability of Landlord. 

(c)     Force Majeure. Other than for Tenant’s obligations under this Lease that can be performed by
the payment of money (e.g., payment of Rent and maintenance of insurance), whenever a period of time is herein prescribed for action to be taken by either party hereto, such party shall not be liable or responsible for, and there shall be
excluded from the computation of any such period of time, any delays due to strikes, riots, acts of God, shortages of labor or materials, war, governmental laws, regulations, or restrictions, or any other causes of any kind whatsoever which are
beyond the control of such party. 

  
 26 

 (d)     Brokerage. Neither Landlord nor Tenant has dealt
with any broker or agent in connection with the negotiation or execution of this Lease, other than North Star Management and Columbia Group, whose commission shall be paid by Landlord. Tenant and Landlord shall each indemnify the other against all
costs, expenses, attorneys’ fees, and other liability for commissions or other compensation claimed by any other broker or agent claiming the same by, through, or under the indemnifying party. 

(e)     Estoppel Certificates. From time to time, Tenant shall furnish to any party designated by Landlord,
within ten (10) business days after Landlord has made a request therefor, a certificate signed by Tenant confirming and containing such factual certifications and representations as to this Lease as Landlord may reasonably request. Unless
otherwise required by Landlord’s Mortgagee or a prospective purchaser or mortgagee of the Building, the initial form of estoppel certificate to be signed by Tenant is attached hereto as Exhibit F. 

(f)     Notices. All notices and other communications given pursuant to this Lease shall be in writing and
shall be (1) mailed by first class, United States Mail, postage prepaid, certified, with return receipt requested, and addressed to the parties hereto at the address specified in the Basic Lease Information, (2) sent by a nationally
recognized overnight courier service. All notices shall be effective upon delivery to the address of the addressee. The parties hereto may change their addresses by giving notice thereof to the other in conformity with this provision. 

(g)     Separability. If any clause or provision of this Lease is illegal, invalid, or unenforceable under
present or future laws, then the remainder of this Lease shall not be affected thereby and in lieu of such clause or provision, there shall be added as a part of this Lease a clause or provision as similar in terms to such illegal, invalid, or
unenforceable clause or provision as may be possible and be legal, valid, and enforceable. 
 (h)     Amendments;
and Binding Effect. This Lease may not be amended except by instrument in writing signed by Landlord and Tenant. No provision of this Lease shall be deemed to have been waived by Landlord unless such waiver is in writing signed by Landlord,
and no custom or practice which may evolve between the parties in the administration of the terms hereof shall waive or diminish the right of Landlord to insist upon the performance by Tenant in strict accordance with the terms hereof. The terms and
conditions contained in this Lease shall inure to the benefit of and be binding upon the parties hereto, and upon their respective successors in interest and legal representatives, except as otherwise herein expressly provided. This Lease is for the
sole benefit of Landlord and Tenant, and no third party shall be deemed a third party beneficiary hereof. 
 (i)
    Quiet Enjoyment. Provided Tenant is not in default hereunder beyond applicable notice and cure periods, Tenant shall peaceably and quietly hold and enjoy the Premises for the Term, without hindrance from
Landlord or any party claiming by, through, or under Landlord, but not otherwise, subject to the terms and conditions of this Lease. 
 (j)
    No Merger. There shall be no merger of the leasehold estate hereby created with the fee estate in the Premises or any part thereof if the same person acquires or holds, directly or indirectly, this Lease or any
interest in this Lease and the fee estate in the leasehold Premises or any interest in such fee estate. 

  
 27 

 (k)     No Offer. The submission of this Lease to Tenant
shall not be construed as an offer, and Tenant shall not have any rights under this Lease unless Landlord executes a copy of this Lease and delivers it to Tenant. 

(l)     Entire Agreement. This Lease constitutes the entire agreement between Landlord and Tenant regarding
the subject matter hereof and supersedes all oral statements and prior writings relating thereto. Except for those set forth in this Lease, no representations, warranties, or agreements have been made by Landlord or Tenant to the other with respect
to this Lease or the obligations of Landlord or Tenant in connection therewith. The normal rule of construction that any ambiguities be resolved against the drafting party shall not apply to the interpretation of this Lease or any exhibits or
amendments hereto. 
 (m)     Waiver of Jury Trial. To the maximum extent permitted by law, Landlord and
Tenant each waive right to trial by jury in any litigation arising out of or with respect to this Lease. 
 (n)
    Governing Law. This Lease shall be governed by and construed in accordance with the laws of the State in which the Premises are located. 

(o)     Joint and Several Liability. If Tenant is comprised of more than one party, each such party shall be
jointly and severally liable for Tenant’s obligations under this Lease. 
 (p)     Financial Reports.
Within fifteen (15) days after Landlord’s request, Tenant will furnish Tenant’s most recent audited financial statements (including any notes to them) to Landlord, or, if no such audited statements have been prepared, such other
financial statements (and notes to them) as may have been prepared by an independent certified public accountant or, failing those, Tenant’s internally prepared financial statements. If Tenant is a publicly traded corporation, Tenant may
satisfy its obligations hereunder by providing to Landlord Tenant’s most recent annual and quarterly reports. Tenant will discuss its financial statements with Landlord. Landlord will not disclose any aspect of Tenant’s financial
statements that Tenant designates to Landlord as confidential except (1) to Landlord’s Mortgagee or prospective purchasers of the Building, (2) in litigation between Landlord and Tenant, and (3) if required by court order. Tenant
shall not be required to deliver the financial statements required under this Section 25.(p) more than once in any 12-month period unless requested by Landlord’s Mortgagee or a prospective buyer or
lender of the Building or an Event of Default occurs. 
 (q)     Landlord’s Fees. Whenever Tenant
requests Landlord to take any action not required of it hereunder or give any consent required or permitted under this Lease, Tenant will reimburse Landlord for Landlord’s reasonable out-of-pocket costs payable to third parties and incurred by Landlord in reviewing the proposed action or consent, including without limitation reasonable attorneys’, engineers’ or architects’
fees, within thirty (30) days after Landlord’s delivery to Tenant of a statement of such costs. Tenant will be obligated to make such reimbursement without regard to whether Landlord consents to any such proposed action. The provisions of
this paragraph shall not apply with respect to any consent required of Landlord in connection with the Tenant’s Work set forth in Exhibit B. 

  
 28 

 (r)     Telecommunications. Tenant and its
telecommunications companies, including but not limited to local exchange telecommunications companies and alternative access vendor services companies shall have no right of access to and within the Building, for the installation and operation of
telecommunications systems including but not limited to voice, video, data, and any other telecommunications services provided over wire, fiber optic, microwave, wireless, and any other transmission systems, for part or all of Tenant’s
telecommunications within the Premises, the Building and from the Building to any other location without Landlord’s prior written consent, provided however that Landlord shall consent to Tenant’s initial wiring of such systems subject to
Landlord’s reasonable rules and regulations. 
 (s)     Confidentiality. Tenant acknowledges that the
terms and conditions of this Lease are to remain confidential for Landlord’s benefit, and may not be disclosed by Tenant to anyone, by any manner or means, directly or indirectly, without Landlord’s prior written consent, except for
Tenant’s attorney’s or accountants. The consent by Landlord to any disclosures shall not be deemed to be a waiver on the part of Landlord of any prohibition against any future disclosure.. 

(t)     Hazardous Materials. The term “Hazardous Materials” means any substance,
material, or waste which is now or hereafter classified or considered to be hazardous, toxic, or dangerous under any Law relating to pollution or the protection or regulation of human health, natural resources or the environment, or poses or
threatens to pose a hazard to the health or safety of persons on the Premises or in the Building. Tenant shall not use, generate, store, or dispose of, or permit the use, generation, storage or disposal of Hazardous Materials on or about the
Premises or the Building except in a manner and quantity necessary for the ordinary performance of Tenant’s business, and then in compliance with all Laws. If Tenant breaches its obligations under this Section 25.(t), Landlord may
immediately take any and all action reasonably appropriate to remedy the same, including taking all appropriate action to clean up or remediate any contamination resulting from Tenant’s use, generation, storage or disposal of Hazardous
Materials. Tenant shall defend, indemnify, and hold harmless Landlord and its representatives and agents from and against any and all claims, demands, liabilities, causes of action, suits, judgments, damages and expenses (including reasonable
attorneys’ fees and cost of clean up and remediation) arising from Tenant’s failure to comply with the provisions of this Section 25.(t). This indemnity provision shall survive termination or expiration of the Lease. 

(u)     Authority. Tenant (if a corporation, limited liability company, limited partnership or other
business entity) hereby represents and warrants to Landlord that Tenant is a duly formed and existing entity qualified to do business in the state in which the Premises are located, that Tenant has full right and authority to execute and deliver
this Lease, and that each person signing on behalf of Tenant is authorized to do so. Landlord hereby represents and warrants to Tenant that Landlord is a duly formed and existing entity qualified to do business in the state in which the Premises are
located, that Landlord has full right and authority to execute and deliver this Lease, and that each person signing on behalf of Landlord is authorized to do so. 

  
 29 

 (v)     List of Exhibits. All exhibits and attachments
attached hereto are incorporated herein by this reference. 
  

					
	 Exhibit A
	  	-  	  	 Floor Plan of Premises

	 Exhibit B
	  	-  	  	 Legal Description of Building

	 Exhibit C
	  	-  	  	 Building Rules and Regulations

	 Exhibit D
	  	-  	  	 Tenant’s Work

	 Exhibit E
	  	-  	  	 Amendment No. 1

	 Exhibit F
	  	-  	  	 Form of Tenant Estoppel Certificate

	 Exhibit G
	  	-  	  	 Deleted

	 Exhibit H
	  	-  	  	 Parking

	 Exhibit I
	  	-  	  	 Excerpts from Master Lease

	 Exhibit J
	  	-  	  	 Renewal Option

	 Exhibit K
	  	-  	  	 Expansion Right

 (w)     Time of Essence. Time is of the essence of this Lease and each and
all of its provisions. 
 (x)     EDIC Lease. Landlord’s interest in the Building derives from a
lease (hereinafter referred to as the “Master Lease”) from EDIC to Landlord’s predecessor in interest, Drydock Associates. This Lease shall be in all respects subject to the Master Lease, and if the Master Lease shall
terminate during the Term hereof for any reason whatsoever, then this Lease shall thereupon terminate with the same force and effect as if the Term of this Lease had expired. If and to the extent that the provisions of the Master Lease are modified
by agreement of Landlord and EDIC, Landlord shall notify Tenant of such modification, which shall be deemed part of the Master Lease for purposes hereof, provided that no such modification shall materially increase Tenant’s obligations. Tenant
expressly covenants and agrees not to do or permit to be done any act or thing in violation of the Master Lease nor to require Landlord to do or perform any act or thing not authorized or permitted by the terms thereof. Whenever the obligations of
Landlord to Tenant would depend upon the obligations of EDIC to Landlord, the maximum obligation of Landlord shall be to use reasonably diligent efforts to obtain appropriate action on the part of EDIC. Without limiting the generality of the
foregoing, the parties shall comply with their respective obligations as set forth in those sections of the Master Lease attached hereto as Exhibit I and made a part hereof, which Landlord represents are the only provisions of the Master
Lease that are material to the obligations of Tenant. Notwithstanding Section 17.04 of the Master Lease, Tenant shall not be entitled directly or indirectly to any share of Net Cash Flow, Net Proceeds of Sale or Net Proceeds of Financing or
Refinancing, nor shall Tenant have any interest in the Occupant Trust, all as further defined and set forth in said Section. In no event shall the provisions of said Section or any other provisions of this Lease or of the Master Lease be deemed or
construed as creating a partnership or joint venture between Landlord and Tenant. 
 (y)     Consent of
EDIC. Whenever Tenant makes any request which requires, either directly or as a condition of Landlord’s consent, the consent of EDIC, Tenant shall pay all costs, including without limitation reasonable attorneys’ fees, incurred by
EDIC in connection therewith. 

  
 30 

 26.     Other Provisions. LANDLORD AND TENANT EXPRESSLY
DISCLAIM ANY IMPLIED WARRANTY THAT THE PREMISES ARE SUITABLE FOR TENANT’S INTENDED COMMERCIAL PURPOSE, AND TENANT’S OBLIGATION TO PAY RENT HEREUNDER IS NOT DEPENDENT UPON THE CONDITION OF THE PREMISES OR THE PERFORMANCE BY LANDLORD OF ITS
OBLIGATIONS HEREUNDER, AND, EXCEPT AS OTHERWISE EXPRESSLY PROVIDED HEREIN OR AS OTHERWISE PROVIDED BY LAW, TENANT SHALL CONTINUE TO PAY THE RENT, WITHOUT ABATEMENT, SETOFF OR DEDUCTION, NOTWITHSTANDING ANY BREACH BY LANDLORD OF ITS DUTIES OR
OBLIGATIONS HEREUNDER, WHETHER EXPRESS OR IMPLIED. 
 [Remainder of Page Intentionally Left Blank] 

  
 31 

 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 Lease Agreement to be duly executed as a Massachusetts instrument under seal as of the day and year first above written. 

 

					
	TENANT:
	
	Ginkgo Bioworks, Inc.
	a Delaware corporation
		
	By:	 	 /s/ Barry Canton

		 	Name:	 	Barry Canton
		 	Title:	 	Founder

  

			
	LANDLORD:
	
	ZOOM GROUP LLC
	a Massachusetts limited partnership
		
	By:	 	 /s/ Jeff Wallace

		 	Jeff Wallace, its Manager

  

									
	EDIC:	 		 		 	
				
	For the purposes of approving this Lease:	 		 		 	
				
	ECONOMIC DEVELOPMENT AND INDUSTRIAL CORPORATION OF BOSTON	 		 		 	 Address:
 One City Hall Square, 9th
Floor

		 		 		 		 	Boston, MA 02201-1007
	        By:	 	 /s/ Peter Mead
	 		 		 	Fax. number: 
	        Name:	 	Peter Mead	 		 		 	
	        Title:	 	Director	 		 		 	

  
 A-1

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