Document:

American Express Establishment Sales and Servicing Program Agreement

 Exhibit 10.41 
 AMERICAN EXPRESS 
 ESTABLISHMENT SALES AND SERVICING PROGRAM AGREEMENT 

 

							
	 	  	Service Agent Information	 	 	 	 Service Agent Primary
 Contact

	Entity Name:	  	Heartland Payment Systems, Inc.	 	Name:	 	Conan A. Lane
	Place of
Organization:	  	Delaware	 	Title:	 	 Executive Director Operational
 Productivity

	Street Address:	  	90 Nassau Street	 	Street Address:	 	90 Nassau Street
	City, State, Zip
Code:	  	Princeton, New Jersey 08542	 	City, State, Zip
Code:	 	Princeton, New Jersey 08542
	Form of
Organization:	  	 x    Corporation
  ̈    LLC
  ̈    Partnership
  ̈    Other                    
	 	Tel:	 	(609) 683-3831 x2221
		  	 		 	
		  	 		 	
		  	 		 	
	Number of
Target
Merchants in
Service Agent
Merchant Base
as of Effective
Date:	  	57,000	 	Fax:	 	(609) 683-3815
	Registered
Processor:	  	Heartland Payment Systems, Inc.	 	E-mail:	 	Conan.Lane@e-hps.com
	Registered
Risk Manager:	  	Heartland Payment Systems, Inc.	 	Additional
Notice Contact
Information (if
applicable):	 	 Charles Kallenbach, Esq.
 General Counsel and
Chief
 Legal Officer
 90 Nassau Street,
 Princeton, New Jersey

 This Establishment Sales and Servicing Program Agreement, effective as of December 20, 2007
(the Effective Date), is between AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., a New York corporation (American Express), and HEARTLAND PAYMENT SYSTEMS, INC., a Delaware corporation (Service Agent).

 1. OVERVIEW OF PROGRAM 
 1.1 Background and
Objectives 
 American Express has designed a program to increase acceptance of Cards among small merchants by offering an integrated
service and competitive pricing through third party service agents, which program is known as the Establishment Sales and Servicing Program (the Program). Service Agent has agreed to participate in the Program on the terms and conditions
provided in this Agreement. 
 1.2 Overview of Service Agent Responsibilities 
 Service Agent shall act as American Express’s agent in: (a) providing solicitation services by recruiting Target Merchants and causing Target
Merchants that elect to participate in the Program to execute Card Acceptance Agreements directly with American Express; and 

  

  

			
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(b) providing the transactional support services described in Section 4.1 of this Agreement and in the Operating Regulations on behalf of American
Express. Service Agent represents and warrants that, as of the Effective Date, the Service Agent Merchant Base consists of the number of Target Merchants indicated in the chart above. 
 1.3 Overview of American Express Responsibilities 
 American Express shall: (a) establish the
Discount and any other fees and assessments payable by Program Merchants; (b) enter into Card Acceptance Agreements directly with Target Merchants that elect to participate in the Program; and (c) provide settlement, clearing, and related
functions required to support Service Agent’s performance of the Services. 
 2. DEFINITIONS 
 Capitalized terms that are used but not defined in this Agreement shall have the meanings provided in Schedule 1 or in the Operating Regulations.

 3. LIMITED GRANT OF AUTHORITY; NON-EXCLUSIVITY 
 3.1
Limited Grant of Authority 
 American Express authorizes Service Agent to act as American Express’s agent during the Term, solely in
accordance with the terms and conditions of this Agreement, for the sole purpose of providing the solicitation and transaction Services referenced in Section 1.2. Service Agent acknowledges that such authorization is non- transferable, except
as specifically permitted by this Agreement. 
 3.2 Non-Exclusive Relationship 
 Service Agent acknowledges that its participation in the Program is non-exclusive and that American Express intends to conduct the same or similar
Programs with other service agents. 
 4. PROVISION OF SERVICES 
 4.1 Scope of Services 
 Service Agent shall provide the sales, processing, risk management, merchant servicing, and other
services and functions described in the Operating Regulations and elsewhere in this Agreement (Services). American Express shall provide the settlement, clearing, and related functions described in the Operating Regulations and elsewhere in
this Agreement as necessary to support Service Agent’s performance of the Services. Service Agent shall provide: (a) the solicitation services described in Section 1.2(a) that require face-to-face interaction with Target Merchants at
the locations of the Target Merchants; and (b) all other Services described in this Agreement or in the Operating Regulations from a location of its choosing (subject to the limitations provided in Section 10); provided, however, that the
product and the benefit of all Services shall be deemed to be tendered to American Express at its location in New York. 
 4.2 Program Launch Conditions

 Service Agent shall satisfy the Program Launch Conditions provided in the Operating Regulations prior to performing any Services.

 4.3 Financial Terms 
 All fees and
other amounts payable to Service Agent for performance of the Services are provided in Schedule 4. 
 4.4 Responsibility for Resources

 Except as provided in Section 8.6(b) and (c) of this Agreement and Section 6 of Schedule 4, American Express and
Service Agent shall each provide all resources necessary to fulfill their respective obligations under this Agreement, including personnel, financial, and technology resources, and shall assume all costs associated with such resources. 

 

  

			
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 5. DEFINITION OF AGREEMENT; OPERATING REGULATIONS 
 5.1 Operating Regulations 
 This Agreement consists of these terms and conditions, the Schedules
attached to these terms and conditions, and the Operating Regulations made available to Service Agent by American Express, as they may be amended or updated from time to time in accordance with Sections 5.2 and 20.19. 
 5.2 Applicability of Operating Regulations 
 (a)
American Express may change the Operating Regulations in accordance with the change process provided in this Agreement and the Operating Regulations. Changes that American Express makes to the Operating Regulations shall be of general applicability
(e.g., a change applicable to Program Merchants in a particular industry and not solely to Service Agent). Service Agent shall implement such changes as soon as is reasonably possible, and in all cases within the time period specified in the change
notice. If implementing such change within the required timeframe would cause significant hardship to Service Agent, Service Agent shall notify American Express within 30 days of receipt of the change notice of the nature of the hardship, and
propose in writing a plan and alternate timeline for implementing the change within 90 days of receipt of the change notice. If American Express accepts the proposal, then Service Agent shall implement the change in accordance with the proposed plan
and alternate timeline. If American Express does not accept the proposal, the parties shall work in good faith to address Service Agent’s concerns. If the parties are unable to reach an agreement as to the manner of implementation of a
particular change within 180 days after Service Agent’s receipt of notice of such change from American Express, and if such change is not yet implemented, then American Express may terminate this Agreement upon 30 days’ notice to Service
Agent. 
 (b) If Service Agent does not notify American Express of its objection to a change to the Operating Regulations specified by
American Express, or if the parties agree upon an alternate timeframe for such change, in each case pursuant to Section 5.2(a), and Service Agent fails to implement such change within the timeframe specified by American Express in the
applicable change notice or the alternate timeframe agreed upon by the parties, then American Express may charge Service Agent the corresponding Non- Compliance Fees provided in the Operating Regulations or applicable change notice. 
 (c) Service Agent acknowledges that American Express is the owner of all proprietary rights in and to the Operating Regulations, and that the information
revealed in such Operating Regulations is Confidential Information of American Express. Without the prior written consent of American Express, Service Agent shall not disclose the contents of the Operating Regulations to any person except as
necessary to enable it to perform the Services, nor shall Service Agent copy or reproduce the Operating Regulations in whole or in part except for such purpose. 
 (d) To the extent possible, the terms and conditions in this Agreement and the content in the Operating Regulations shall be interpreted to give each their full effect. However, if there is any conflict between terms
and conditions in this Agreement and the content in the Operating Regulations, the terms and conditions in this Agreement shall control. 
 6. EQUALITY OF
TREATMENT 
 6.1 Equality of Treatment 
 Service Agent shall provide the Services with at least a materially similar level of accuracy, timeliness, detail, and reliability with which it provides services similar to the Services for Other Payment Products. Similarly, Service
Agent’s support of Cards at Program Merchants (e.g., timeframe for settling Charges, placement and 

  

  

			
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ongoing maintenance of decals and other point of sale advertising and promotion materials) shall be no less favorable to American Express than Service
Agent’s support for Other Payment Products is to other card networks except where the support of Cards at Program Merchants differ in accordance with this Agreement and the Operating Regulations from those of Other Payment Products. American
Express’s support of Service Agent’s provision of Services to Program Merchants and solicitation of Target Program Merchants shall be no less favorable to Service Agent than support provided to other service agents in the Program.

 6.2 Misrepresentations by Service Agent 
 In performing the Services, Service Agent shall not knowingly make any misrepresentations to Target Merchants or Program Merchants concerning American Express’s speed of payment or Discount, nor shall Service Agent knowingly discourage
Target Merchants from accepting the Card. 
 7. PERFORMANCE STANDARDS 
 7.1 General Performance Standards 
 Service Agent shall provide the Services: (a) with promptness
and diligence, in a workmanlike manner, and in accordance with the practices high professional standards used in well-managed operations performing services similar to the Services; (b) in accordance with the Performance Standards and other
express requirements provided in the Operating Regulations; and (c) using adequate numbers of qualified individuals with suitable training, education, experience, and skill to perform the Services. 
 7.2 Specific Performance Standards 
 In the event that
Service Agent becomes aware of a failure to meet a Performance Standard provided in the Operating Regulations, Service Agent shall promptly: (a) investigate, assemble, and preserve pertinent information with respect to, and document the causes
of, the problem, including performing a root cause analysis of the problem; (b) conduct a joint review with American Express to review the failure and discuss remedial action; (c) advise American Express, as and to the extent requested by
American Express, of the status of remedial efforts being undertaken; (d) use commercially reasonable efforts to minimize the impact of and correct the problem and begin meeting the Performance Standard; and (e) implement measures designed
to prevent recurrence of the problem. 
 7.3 Failure to Meet Certain Performance Standards 
 Service Agent recognizes that its failure to meet the Performance Standards may have a material adverse impact on American Express’s business and
operations and that the damage from this failure is not susceptible of precise determination. Accordingly, if Service Agent fails to meet certain Performance Standards, then in addition to any non-monetary remedies available to American Express
under this Agreement, at law or in equity, American Express may elect in lieu of pursuing other monetary remedies to recover the corresponding Non-Compliance Fees provided in this Agreement or the Operating Regulations as liquidated damages and as
its sole and exclusive monetary remedy for such failure of Service Agent. 
 8. SALES CHANNELS 
 8.1 General Requirements 
 (a) Beginning on the Program
Launch Date, Service Agent shall use all Direct Sales Channels to recruit Target Merchants for the Program. If during the Term Service Agent demonstrates to American Express’s satisfaction that its Indirect Sales Channels have implemented
appropriate risk management processes and Independent Sales Organization oversight processes, American Express may authorize Service Agent to also use such Indirect Sales Channels to recruit Target Merchants, subject to Section 8.2 in the case
of ISOs. 
  

  

			
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 8.2 IS0 Registration 
 Service Agent may recruit Target Merchants for the Program, utilizing any ISOs that are registered with American Express in accordance with the registration process provided in the Operating Regulations. 

8.3 Sales Channel Restrictions 
 Service Agent
shall not use an Indirect Sales Channel that is not authorized pursuant to Section 8.1, or an IS0 that has not been registered with American Express in accordance with the registration process provided in the Operating Regulations without
obtaining American Express’s prior written approval, which American Express may withhold in its sole discretion. 
 8.4 Contract Sales Channels 

 Section 8.1 is not intended to limit Service Agent’s right to use, or to authorize its Direct Sales Channels and registered ISOs
to use, individual Sales Agents hired as employees or on a contract basis. Service Agent is not required to register such individual Sales Agent contractors with American Express. 
 8.5 Solicitation of Existing Merchants 
 (a) Except as provided in Section 8.5(b), Service Agent
shall not have the right to solicit for participation in the Program any Service Establishments that accept Cards, or have in the prior ***** months accepted Cards, that are serviced by American Express under another American Express Card Service
program at the time of the solicitation (Existing American Express Merchants); provided that there shall be no restriction on Service Agent’s right to solicit for the Program any Service Establishments that accept Cards, or have in the
prior ***** months accepted Cards, where such merchants accepted Cards as merchants serviced by another service agent under the Program. If and when Service Agent meets the requirements in Schedule 7, American Express shall authorize Service
Agent to begin soliciting Existing American Express Merchants for participation in the Program. Except as provided in Section 8.5(b), Service Agent shall not solicit Existing American Express Merchants until it has received confirmation from
American Express in writing that Service Agent has met the requirements in Schedule 7. 
 (b) Beginning on the Program Launch Date,
Service Agent may solicit and sign up to ***** new Program Merchants that either: (i) are merchants within the Service Agent Merchant Base that have (A) previously been offered participation in the Program by another service agent and
(B) subsequently initiated discussions about the Program with Service Agent; or (ii) are Existing American Express Merchants signed by the Service Agent Direct Sales Force that are not within the Service Agent Merchant Base at the time of
signing (i.e., new Service Agent merchants). If Service Agent reaches the ***** Program Merchant limit specified above, and would like the right to offer participation in the Program to additional merchants that meet the criteria in item
(i) above, then Service Agent shall be permitted to solicit and sign such additional Program Merchants provided it provides documentation to American Express demonstrating that the criteria in item (i) above have been satisfied for all
such new Program Merchants, including (1) the name of soliciting service agent; (2) the date of the solicitation; and (3) the date Service Agent offered participation in the Program to the new Program Merchant. 
 8.6 Access to Program Merchants 
 (a) Service Agent
shall serve as the sole “first line” customer interface with Program Merchants for purposes of sales, customer service and relationship management in connection with the Services. 
 (b) American Express may communicate directly with Program Merchants regarding Program-related matters, including for Program Merchant inspections.
American Express shall coordinate such communications with Service Agent. At American Express’s commercially reasonable request, Service Agent shall notify Program Merchants that American 
  
 * Represents material which has been redacted and filed separately with the Commission
pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended. 
  

  

			
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Express will be communicating with them in the manner contemplated by this Section 8.6(b); provided, however, that American Express will reimburse
Service Agent for the reasonable out-of- pocket costs approved in advance in writing by American Express that Service Agent incurs in connection with any such communications undertaken by Service Agent on American Express’ behalf. 

(c) American Express may communicate directly with Program Merchants for any other purpose not related to the Program, including for
(i) marketing American Express products and services or (ii) conducting programs designed to enhance the value of the American Express Network. At American Express’s commercially reasonable request, Service Agent shall notify Program
Merchants that American Express will be communicating with them in the manner contemplated by the previous sentence, provided, however, that American Express will reimburse Service Agent for the reasonable out-of- pocket costs approved in advance
and in writing by American Express that Service Agent incurs in connection with any such communications undertaken by Service Agent on American Express’ behalf. 
 9. REGISTRATION PROCESS FOR PROCESSING AND RISK MANAGEMENT SERVICES 
 Processing Services and Risk
Management Services shall only be performed by entities that are designated in the Operating Regulations as Registered Processors or Registered Risk Managers, as applicable. If Service Agent is not a Registered Processor or Registered Risk Manager,
Service Agent is required to subcontract such Services pursuant to Section 10. If American Express removes an entity that Service Agent is using to provide Processing Services or Risk Management Services from the list of Registered Processors
or Registered Risk Managers in the Operating Regulations, Service Agent shall replace such entity with another Registered Processor or Registered Risk Manager within 60 days after receiving such notice. 
 10. SUBCONTRACTING 
 10.1 Authority to Subcontract 

Service Agent shall obtain American Express’s written consent prior to subcontracting any of the Services, subject to the following: 

(a) Service Agent may subcontract Processing Services and Risk Management Services to an entity designated as a Registered Processor or Registered Risk
Manager, as applicable, in the Operating Regulations. If Service Agent intends to use a Registered Processor or Registered Risk Manager to provide Services, it shall list such entities in the chart at the beginning of this Agreement, and update such
information during the Term as necessary. 
 (b) Service Agent shall not be required to obtain prior written consent from American Express if
the subcontract: (i) involves the provision of the same or substantially similar services for both the Card and Other Payment Products; (ii) does not involve the use of personnel, equipment, or other resources located outside the United
States; and (iii) does not involve Services that require human interaction with Program Merchants or permit or require access to or use of AXP Data. 
 (c) As of the Effective Date, American Express consents to Service Agent’s use of the subcontractors listed in Schedule 5. 
 10.2 Resolutions to Subcontracting Concerns 
 If American Express expresses concerns to Service Agent
about a subcontract covered by Section 10.1, Service Agent shall discuss such concerns with American Express and diligently work in good faith to resolve American Express’s concerns on a mutually acceptable basis. However, if American
Express notifies Service Agent that the nature of the concern is of such a nature that such subcontractor should be removed immediately from performing Services under this Agreement, Service Agent shall immediately remove such subcontractor. This
provision shall not operate or be construed to limit Service Agent’s responsibility for the acts or omissions of subcontractors. 
  

  

			
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 10.3 Responsibility for Subcontractors 
 Service Agent shall remain responsible for all obligations, services, and functions performed by subcontractors, Sales Agent contractors, and other
Service Agent Personnel to the same extent as if such obligations, services, and functions were performed by Service Agent and for purposes of this Agreement such work shall be deemed work performed by Service Agent. 
 10.4 Other Subcontracting Obligations 
 Service Agent
shall be American Express’s sole point of contact regarding all Services. Service Agent shall not disclose AXP Data, the Operating Regulations, or other Confidential Information to a subcontractor, Sales Agent contractor, or other Service Agent
Personnel (other than an employee of Service Agent) unless and until such entity or person has agreed in writing to protect the confidentiality of such information in a manner substantially equivalent to that required of Service Agent under this
Agreement. Service Agent shall have the sole right and obligation to supervise, manage, and otherwise control its subcontractors, Sales Agent contractors, and other Service Agent Personnel. Service Agent shall cause all such entities and persons to
comply with the obligations and restrictions applicable to Service Agent under this Agreement to the extent applicable to each such subcontractor, including obligations to meet the Program Launch Conditions and comply with applicable American
Express review and compliance requirements described in the Operating Regulations prior to providing Services from a new facility; provided, however, Service Agent shall not be required to grant American Express rights of audits for subcontractors
with which Service Agent has entered into an agreement covering the subcontracted Services prior to the Effective Date of this Agreement to the extent (a) such agreement does not allow Service Agent to grant such audit rights to American
Express and (b) Service Agent is unable to obtain such rights if requested by American Express after using commercially reasonable efforts. 
 10.5
Increased Taxes 
 If Service Agent chooses to use subcontractors in performing the Services under this Agreement, in no event shall
Service Agent’s entering into any subcontract result in an increase in agreed upon charges and Service Agent shall be responsible for and shall indemnify and hold harmless American Express from any new or increased taxes or other charges
associated with any such subcontract. 
 11. IMPACT ON ESA AGREEMENT AND AUTHORIZED PROCESSOR AGREEMENT 
 11.1 ESA Agreement 
 During the Term, the rights and
duties of American Express and Service Agent under any ESA Agreement into which they may have entered shall be suspended as they apply to Target Merchants and Program Merchants, provided American Express shall continue to pay residual compensation
payable under the ESA Agreements for any such Target Merchants and Program Merchants that were signed as Service Establishments under an ESA Agreement by Service Agent prior to the Effective Date of this Agreement. 
 11.2 Authorized Processor Agreement 
 (a) During the
Term, any Authorized Processor Agreement into which the parties may have entered shall remain valid and in full force. 
 (b) Service Agent
shall perform Processing Services in accordance with this Agreement, the Operating Regulations, and, to the extent applicable, the Authorized Processor Agreement in effect between it or its Registered Processor and American Express. The terms and
conditions in this Agreement and the Authorized Processor Agreement shall be interpreted to give each their full effect. However, if there is an express conflict between the Authorized Processor Agreement and this Agreement and the Operating
Regulations, the Authorized Processor Agreement shall control, subject to the following: 
 (i) The fact that the two agreements address the
same topic does not necessarily create an express conflict. For example, Service Agent (or its Registered Processor) shall be responsible for providing reports, meeting the performance standards, and cooperating with audits required under each
agreement. Likewise, Service Agent shall perform the Authorization Services and Submission Services covered by the Authorized Processor Agreement, as well as any additional Authorization Services and Submission Services described in the Operating
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 (ii) The definitions in the Glossary of this Agreement shall apply to capitalized terms in this Agreement
and to capitalized terms in the Authorized Processor Agreement when it applies to Services covered by this Agreement. 
 (iii) If a claim or
other dispute relating to Authorization Services, Submission Services, or a data security compromise that is covered by both agreements arises, then the dispute resolution, indemnification, liability, governing law, and similar provisions in the
Authorized Processor Agreement shall control solely with respect to such claim or other dispute. This Agreement shall control with respect to all other claims and disputes relating to the Program. 
 (iv) If Service Agent identifies a conflict between the two agreements that impacts the manner in which it performs Services, it shall promptly notify
American Express and work in good faith with American Express to resolve the conflict. 
 (v) For clarification, this Agreement is not
intended to impact the manner in which Service Agent (or its Registered Processor) performs services or other functions under the Authorized Processor Agreement that are outside the scope of the Program described in this Agreement. 
 12. CONFIDENTIALITY; USE OF LICENSED MARKS 
 12.1 Confidentiality

 The terms of Section 14.b of the Authorized Processor Agreement between American Express and Service Agent dated May 24,
2000, as amended is incorporated in its entirety into this Section 12.1, provided that: 
 (a) References in such language to
“Processor” shall be deemed references to “Service Agent” in this Agreement. 
 (b) Section 14.b.i.(2) of such
language is deleted for purposes of this Agreement. 
 (c) References to “AmEx Services” in such language shall be
deemed references to “Services” in this Agreement. 
 12.2 Use of Marks 
 Schedule 2 provides certain terms governing Service Agent’s use of American Express trademarks. Service Agent shall comply with such terms in
performing the Services. 
 13. TERM AND TERMINATION 
 13.1 Term 
 This Agreement commences as of the Effective Date and shall remain in effect for five years (the Initial
Term) unless otherwise terminated as set forth below. Upon expiration of the Initial Term, this Agreement shall automatically renew for successive one year terms (in each case, a Subsequent Term), unless either party gives written notice
of non-renewal to the other party at least 180 days prior to the end of the then-current Initial Term or Subsequent Term or unless the Agreement is otherwise terminated as described below. In this Agreement, Term refers to the Initial Term
and any Subsequent Terms. 
 13.2 Termination for Cause 
 Either party may terminate this Agreement if the other party commits a material breach of this Agreement and fails to cure such breach within 30 days after receiving written notice thereof from the terminating party.

  

  

			
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 13.3 Termination for Material Adverse Change or Financial Instability 
 Either party may terminate this Agreement effective upon notice to the other party if: (a) the other party begins liquidation or dissolution
proceedings; (b) the other party assigns a substantial portion of its assets for the benefit of its creditors; (c) bankruptcy proceedings or similar federal or state court proceedings are filed with respect to the other party’s
business; (d) the other party fails to pay its debts as they become due (other than debts for which such party has a bona fide dispute); or (e) the other party is listed on the U.S. Department of Treasury, Office of Foreign Assets Control,
Specially Designated Nationals List. 
 13.4 Additional Termination Rights 
 (a) American Express may terminate this Agreement on five days written notice to Service Agent if Service Agent: (i) fails to pay more than 50% of
the aggregate Net Settlement Funds payable by Service Agent to Program Merchants on a given day for three consecutive Business Days unless Service Agent can demonstrate to American Express’s reasonable satisfaction that Service Agent is acting
reasonably and in good faith in failing to make such payments; (ii) misdirects payments or makes erroneous payments that in the aggregate amount to more than (A) 20% of the volume of Charges presented to American Express for settlement in
any week or (B) 10% of the volume of Charges presented to American Express for settlement in any month; (iii) uses a third party to perform Processing Services that is not a Registered Processor or a third party to perform Risk Management
Services that is not a Registered Risk Manager; or (iv) fails to implement a change to the Operating Regulations, or an alternate plan for implementing such change approved in writing by American Express, within the timeframe required in
Section 5.2. 
 (b) Service Agent may terminate this Agreement on five days written notice to American Express if American Express fails
to provide 50% of aggregate Net Settlement Funds payable to Service Agent on a given day within the timeframes required by Schedule 4 for three consecutive Business Days, excluding amounts American Express withholds in accordance with the
Operating Regulations. 
 13.5 Termination for Convenience 
 American Express may terminate this Agreement for convenience and without cause at any time by giving Service Agent at least 180 days’ prior notice designating the termination date. If a purported termination for
cause by American Express under this Agreement is ultimately determined not to have been properly a termination for cause, then such termination by American Express shall instead be deemed to be a termination for convenience under this
Section 13.5. 
 13.6 Reimbursement of Certain Costs 
 (a) In the event of termination of this Agreement by American Express pursuant to Section 13.5 prior to the fourth anniversary of the Effective Date, American Express shall pay to Service Agent the applicable
Termination Fee specified in Section 13.6(b). Such payment shall not be a condition precedent to the termination. 
 (b) The
Termination Fee referenced in Section 13.6(a) shall be calculated by multiplying the applicable percentage in the chart below, by the actual ESSP Development Costs incurred by Service Agent (and not previously reimbursed by American
Express pursuant to Schedule 4) prior to the Program Launch Date. 
  

			
	 Effective Date of Termination
	  	%
	 Before the 1st anniversary of the
Effective Date
	  	*****%
	 After the 1st anniversary but before the
2nd anniversary of the Effective Date
	  	*****%
	 After the 2nd anniversary but before the
3rd anniversary of the Effective Date
	  	*****%
	 After the 3rd anniversary but before the
4th anniversary of the Effective Date
	  	*****%
	 After the 4th anniversary of the
Effective Date
	  	*****%

  
 * Represents material which has been
redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended. 
  

  

			
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 14. RIGHTS AND OBLIGATIONS AFTER EXPIRATION OR TERMINATION 
 14.1 General Obligations 
 Following the termination or
expiration of this Agreement, (a) Service Agent shall (i) cease soliciting Target Merchants for the acceptance of Cards and signing up new Program Merchants for acceptance of the Cards under this Agreement and (ii) provide the
assistance requested by American Express pursuant to this Section 14 (Transition Assistance); and (b) unless the parties agree otherwise, the rights and duties of American Express and Service Agent under any applicable ESA Agreement
then in effect shall resume. 
 14.2 Transition Merchants 
 Program Merchants that have a valid Card Acceptance Agreement as of the effective date of expiration or termination of this Agreement shall be deemed Transition Merchants. 
 14.3 Transition Assistance 
 (a) Upon any termination
of this Agreement: 
 (i) the parties shall transition such Transition Merchants to an American Express platform if commercially reasonable
given American Express’s capabilities and business strategy at the time of transfer; or 
 (ii) if transitioning such merchants to
American Express under clause (i) is not commercially reasonable, the parties shall work together in good faith to agree upon and implement another mutually agreed solution that (A) facilitates uninterrupted Card acceptance, and
(B) appropriately protects Service Agent’s remaining interests in, and relationships with. such—Transition Merchants (e.g., Service Agent’s existing relationships with such Transition Merchants with respect to Other Payment
Products). 
 (b) Upon termination or expiration of this Agreement, Service Agent shall provide the reasonable Transition Assistance
requested by American Express to allow the Services to continue without interruption or adverse effect to American Express or the Transition Merchants and to facilitate the orderly transfer of the Services to American Express or its designee
(including other service agents). Service Agent shall provide the Transition Assistance activities described in this Section 14 and the Operating Regulations at no charge, and funding for additional activities will be agreed upon by the parties
if and when required. 
 14.4 Transition Assistance Term 
 Each party shall continue performing its obligations under this Agreement for each Transition Merchant until: (a) such Transition Merchant begins receiving services directly from American Express or from another
service agent under the Program or another standard American Express Card Service program; (b) such Transition Merchant ceases to accept Cards; or (c) American Express elects to terminate such Transition Merchant’s Card Acceptance
Agreement. 
 14.5 Transfer to American Express 
 For each Transition Merchant that elects to transition from Service Agent, Service Agent shall take the steps necessary to assign and transfer all its rights and obligations under this Agreement relating to such Transition Merchants to
American Express. These steps shall include, as requested by American Express: (a) providing American Express with current Merchant Data for the Transition Merchants; (b) joining American Express in an introductory letter to such
Transition Merchants explaining the transition; (c) supporting resolution of open issues and second presentments from Transition Merchants; and (d) providing other assistance reasonably requested by American Express. 
  

  

			
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 14.6 Post-Transition Assistance 
 Within 30 days following the termination or expiration of this Agreement, and Service Agent’s completion of its responsibilities under this Section 14 and the Operating Regulations, Service Agent shall
return to American Express, or certify to American Express the destruction of, all documents, manuals, lists, and other documents and data of any type containing confidential or proprietary information of American Express, including AXP Data and the
Operating Regulations, and all copies thereof. 
 14.7 Non-Disclosure of Merchant Data 
 (a) American Express shall not knowingly use any Merchant Data obtained under this Agreement (so long as such information remains confidential under and
without breach of Section 12) to assist any third party in soliciting Program Merchants for the purpose of providing services substantially similar to the Services for Cards or for Other Payment Products. 
 (b) Nothing in this Section 14.7 or elsewhere in this Agreement shall restrict American Express from: (i) sharing aggregate data from the
Program or key learnings about merchant response and behavior with and among other service agents participating in similar programs, provided that such information is not specific to Service Agent and does not identify any individual Program
Merchants participating in the Program at the time of disclosure; or (ii) communicating the benefits of a direct relationship with American Express under American Express’s standard Card acceptance program. 
 15. PROPRIETARY RIGHTS 
 This Section 15
describes each party’s rights with respect to American Express Materials and Service Agent Materials provided or developed under this Agreement. 
 15.1 American Express Materials 
 (a) American Express retains all right, title and interest in and to American Express
Materials. American Express grants to Service Agent a nonexclusive, nontransferable, royalty- free license during the Term to use American Express Materials only to the extent necessary for performing the Services. American Express also grants to
Service Agent the right to sublicense such rights to approved subcontractors to perform work as permitted under this Agreement for the benefit of American Express and the Program Merchants. Service Agent shall cease all use of American Express
Materials upon expiration or termination of this Agreement and completion of the transition activities contemplated by Section 14. 
 (b) Any materials developed under this Agreement that are: (i) derivative works of American Express Materials (e.g., modifications and upgrades); or (ii) wholly new materials developed by American Express that are not derivative
works of Service Agent Materials shall be considered American Express Materials. As between American Express and Service Agent, American Express shall own all patent, copyright, trademark, trade secret, transferable moral and other intellectual
property rights in such developed American Express Materials. 
 15.2 Service Agent Materials 
 (a) Service Agent retains all right, title and interest in and to Service Agent Materials. Service Agent grants to American Express a non-exclusive,
non-transferable, royalty-free license to use Service Agent Materials during the Term only to the extent necessary to perform work and receive the benefit of the Services as contemplated by this Agreement. American Express shall cease all use of
Service Agent Materials upon expiration or termination of this Agreement and completion of the transition activities contemplated by Section 14. 
  

  

			
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 (b) Any materials developed under this Agreement that are: (i) derivative works of Service Agent
Materials (e.g., modifications and upgrades); or (ii) wholly new materials developed by Service Agent that are not derivative works of American Express Materials shall be considered Service Agent Materials, in each case excluding any American
Express Materials or Confidential Information incorporated therein. As between American Express and Service Agent, Service Agent shall own all patent, copyright, trademark, trade secret, transferable moral and other intellectual property rights in
such developed Service Agent Materials. 
 15.3 Residual Knowledge and Restrictions 
 Nothing contained in this Agreement shall restrict a party from the use of any general ideas, concepts, know-how, methodologies, processes, technologies,
algorithms or techniques retained in the unaided mental impressions of such party’s personnel relating to the Services which either party, individually or jointly, develops or discloses under this Agreement, provided that in doing so such party
does not breach its obligations of confidentiality or infringe the intellectual property rights of the other party or third parties who have licensed or provided materials to the other party. 
 16. COVENANTS, REPRESENTATIONS, WARRANTIES, AND DISCLAIMERS 
 16.1
Covenants, Representations and Warranties 
 Service Agent covenants that, during the Term of this Agreement, (a) it shall perform
all Services in a manner, and at a level of quality and timeliness, that is substantially similar to its performance of similar services for Other Payment Products; and (b) any and all Direct Program Merchant Fees (as defined in
Section 4.2 of Schedule 4j that Service Agent charges a Program Merchant shall be directly related to processing and merchant servicing functions provided to such Program Merchant in connection with the Program. American Express
represents that it has negotiated termination for convenience rights similar to those in Section 13.5 in the other Establishment Sales and Servicing Program Agreement(s) that were executed by American Express prior to the Effective Date of this
Agreement. 
 16.2 Mutual Representations and Warranties 
 Each party represents and warrants to the other that (a) it has the requisite corporate power and authority to enter into this Agreement and to carry out the transactions contemplated by this Agreement;
(h) the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement have been duly authorized by the requisite corporate action on the part of such party and shall not constitute
a violation of any judgment, order or decree; (c) the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement shall not constitute a material default under any material
contract by which it or any of its material assets are bound, or an event that would, with notice or lapse of time or both, constitute such a default; and (d) there is no proceeding pending or, to the knowledge of the party, threatened that
challenges or may have a material adverse affect on this Agreement or the transactions contemplated by this Agreement. Further, as of the date hereof, American Express and Service Agent represents and warrants that it has provided, and Service Agent
represents and warrants that it has received, a copy of the Operating Regulations as of the Effective Date. 
 16.3 Disclaimers 
 (a) THE WARRANTIES SET FORTH IN THIS AGREEMENT ARE EXCLUSIVE. THERE ARE NO EXPRESS WARRANTIES OTHER THAN AS PROVIDED IN THIS AGREEMENT AND THERE
ARE NO IMPLIED WARRANTIES, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. 
  

  

			
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 (b) Service Agent’s compliance with the data security provisions in this Agreement and the Operating
Regulations shall not in any way relieve Service Agent’s obligations to American Express under this Agreement, nor relieve or decrease Service Agent’s liability in any way. Service Agent is responsible at its sole expense for providing any
additional data security measures that it deems necessary to protect its particular data and interests. American Express does not in any way represent or warrant that the measures contained in this Agreement and the Operating Regulations are
sufficient or adequate to protect Service Agent’s particular data and interests. 
 (c) Service Agent is solely responsible for
selecting any ISOs, Registered Processors, Registered Risk Managers, and other subcontractors that it requires to provide the Services. American Express makes no implied or express representations or warranties regarding the skills, experience, or
capabilities of such entities by registering or approving them as contemplated in Sections 9 and 10. 
 17. INDEMNITIES 
 17.1 Service Agent Indemnities 
 Service Agent shall,
at its expense and American Express’s request, indemnify, defend and hold harmless American Express, American Express Affiliates, and their respective officers, directors, employees, agents, representatives, successors and permitted assigns,
from and against any Losses arising out of or in connection with: (a] the inaccuracy or untruthfulness of any representation or warranty made by Service Agent; (b) any claim from a third party (other than a Program Merchant) arising out of a
failure by Service Agent to comply with its obligations under this Agreement, including failures to comply with Applicable Law and Service Agent’s obligations under Section 12; (c) any claim of infringement or misappropriation of any
trade secret, copyright or other proprietary rights (other than patent rights), alleged to have occurred because of systems, software, materials, or other resources provided by Service Agent to American Express, or based upon performance of the
Services by Service Agent; (d) any claim or action by any Sales Agent or other Service Agent Personnel that American Express is liable to such person as the employer or joint employer of such person, including and any claim for employee
benefits as a result thereof; (e) any claim brought by a Target Merchant or Program Merchant arising out of a failure of Service Agent to perform or comply with its obligations with respect to Other Payment Products or Cards under a Merchant
Processing Agreement or under any other contractual relationship between the Program Merchant and Service Agent; and (f) any claim or action by subcontractors arising out of Service Agent’s breach or violation of Service Agent’s
subcontracting arrangements. 
 17.2 American Express Indemnities 
 American Express shall, at its expense and Service Agent’s request, indemnify, defend and hold harmless Service Agent, Service Agent Affiliates, and their respective officers, directors, employees, agents,
representatives, successors and permitted assigns, from and against any and all Losses arising out of or in connection with: (a) the inaccuracy or untruthfulness of any representation or warranty made by American Express; (b) any claim
from a third party (including a Program Merchant) arising out of a failure by American Express to comply with its obligations under this Agreement, including failures to comply with Applicable Law and American Express’s obligations under
Section 12; (c) any claim of infringement or misappropriation of any trade secret, copyright or other proprietary rights (other than patent rights), alleged to have occurred because of systems, software, materials, or other resources
provided by American Express to Service Agent, or based upon performance of support functions in connection with this Agreement by American Express; (d) any claim or action by any employee or third party contractor of American Express or its
subcontractors that Service Agent is liable to such person as the employer or joint employer of such person, including and any claim for employee benefits as a result thereof; and (e) any claim brought by a Program Merchant arising out of a
failure by American Express to comply with its obligations under a Card Acceptance Agreement or based on termination of a Card Acceptance Agreement. 
  

  

			
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 17.3 Additional Indemnities 
 Each party (indemnitor) shall indemnify, defend and hold harmless the other, and Affiliates, officers, directors, employees, agents, successors, and assigns (collectively, indemnitee), from any and all
Losses threatened Losses arising from, in connection with, or based on allegations whenever made of, any the following: (a) the death or bodily injury of agent, employee (other than an employee of indemnitor), customer, business invitee,
business visitor or other person caused by tortious conduct of the indemnitor; (b) the damage, loss or destruction of any real or tangible personal property caused by the tortious conduct of indemnitor; and (c) any claim, demand, charge,
action, cause of action, or other proceeding asserted against the indemnitee but resulting from an act or omission of the indemnitor in its capacity as an employer of a person. 
 17.4 Infringement or Misappropriation 
 If any item used by either party to perform its obligations
under this Agreement becomes, in such party’s reasonable opinion is likely become, the subject of an infringement misappropriation claim or proceeding, in addition to indemnifying the other party as provided in this Section 17 and to the
other rights the other party may have under this Agreement, such party shall: (a) secure the right at its expense to continue using the item; (b) if this cannot be accomplished with commercially reasonable efforts, then at such
party’s expense, replace or modify the item make it non-infringing or without misappropriation, provided that any such replacement or modification shall not degrade performance or quality of the affected component of the Services or such
party’s other obligations; (c) if neither of the foregoing can be accomplished by such party with commercially reasonable efforts, and only in such event, then remove the item from the Program, in which case the payment terms in
Schedule 4 shall be equitably adjusted reflect such removal (and if in the other party’s reasonable opinion such removal is material to all or any portion of this Agreement, such party may terminate this Agreement). 
 17.5 Third-Party Claim Procedures 
 With respect to
third-party claims the following procedures shall apply: 
 (a) Promptly after receipt by any entity entitled to indemnification under
this Section 17, of notice of the assertion or the commencement of any action, proceeding or other claim by a third party in respect of which the indemnitee shall seek indemnification pursuant to any such Section, the indemnitee shall promptly
notify the indemnitor of such claim in writing. No failure to so notify an indemnitor shall relieve it of its obligations under this Agreement except to the extent that it can demonstrate damages attributable to such failure. Within 15 days after
receipt of notice from the indemnitee relating to any claim, but no later than 10 days before the date on which any response to a complaint or summons is due, the indemnitor shall notify the indemnitee in writing if the indemnitor acknowledges
without reservation its indemnification obligation and elects to assume control of the defense and settlement of that claim (a Notice of Election). 
 (b) If the indemnitor delivers a Notice of Election relating to any claim within the required notice period, the indemnitor shall be entitled to have sole control over the defense and settlement of such claim,
which it shall defend actively and with all reasonable diligence; provided that (i) the indemnitee shall be entitled to participate in the defense of such claim and to employ counsel at its own expense to assist in the handling of such claim;
and (ii) the indemnitor shall obtain the prior written approval of the indemnitee before entering into any settlement of such claim that imposes financial or other obligations on the indemnitee; provided that such approval shall not he
unreasonably withheld. After the indemnitor has delivered a Notice of Election relating to any claim in accordance with the preceding paragraph (and, in fact, diligently 

  

  

			
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defends the claim), the indemnitor shall not be liable to the indemnitee for any legal expenses incurred by the indemnitee in connection with the defense of
that claim. In addition, the indemnitor shall not be required to indemnify the indemnitee for any amount paid or payable by the indemnitee in the settlement of any claim for which the indemnitor has delivered a timely Notice of Election if such
amount was agreed to without the consent of the indemnitor. 
 (c) If the indemnitor does not deliver a Notice of Election relating to a
claim, or otherwise fails to acknowledge its indemnification obligation or to assume the defense of a claim, within the required notice period or fails to diligently defend the claim, the indemnitee may defend the claim in such manner as it may deem
appropriate (without any obligation to consult with or obtain any consent from the indemnitor), at the cost, expense, and risk of the indemnitor, including payment of any judgment or award and the costs of settlement or compromise of the claim. The
indemnitor shall promptly reimburse the indemnitee for all such costs and expenses, including payment of any judgment or award and the costs of settlement or compromise of the claim. If it is determined that the indemnitor failed to defend a claim
for which it was liable, the indemnitor shall not be entitled to challenge the amount of any settlement or compromise paid by the indemnitee. 
 17.6
Subrogation 
 If an indemnitor shall be obligated to indemnify an indemnitee pursuant to this Section 17, the indemnitor shall, upon
fulfillment of its obligations with respect to indemnification, including payment in full of all amounts due pursuant to its indemnification obligations, be subrogated to the rights of the indemnitee with respect to the claims to which such
indemnification relates. 
 18. LIABILITY 
 18.1
General 
 Subject to the specific provisions of this Section 18, it is the intent of the parties that each party shall be liable to
the other party for any actual damages incurred by the non-breaching party as a result of the breaching party’s failure to perform its obligations in the manner required by this Agreement. 
 (a) SUBJECT TO SECTION 18.l(b), IN NO EVENT, WHETHER IN CONTRACT, IN TORT (INCLUDING BREACH OF WARRANTY, NEGLIGENCE AND STRICT LIABILITY IN TORT), OR
OTHERWISE, SHALL A PARTY BE LIABLE TO THE OTHER PARTY (OR ANYONE CLAIMING UNDER OR THROUGH THE OTHER PARTY) FOR INDIRECT OR CONSEQUENTIAL, EXEMPLARY, PUNITIVE OR SPECIAL DAMAGES ARISING OUT OF, RESULTING FROM, ON IN ANY WAY CONNECTED WITH THE
PERFORMANCE OR BREACH OF THIS AGREEMENT, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES IN ADVANCE. 
 (b) Losses
related to third party claims that are the subject of indemnification under Section 17 shall be considered direct damages and not within the categories of damages covered by the limitation in Section 18.l(a) regardless of their nature.

 (c) Subject to Section 18.l(d), each party’s aggregate liability to the other under this Agreement for losses, claims, suits,
controversies, breaches or damages for any cause whatsoever and regardless of the form of action or legal theory, shall not exceed the greater of (i) ***** and (ii) an amount equal to the total charges and fees payable to Service Agent by
American Express under this Agreement during the 12 months prior to the month in which the most recent event giving rise to liability occurred. 
 (d) The limitation in Section 18.l(c) shall not apply to: (i) Losses related to claims that are the subject of indemnification under Section 17; (ii) Credit and Fraud Losses for which Service Agent is responsible under
Section 3.2 of Schedule 4; (iii) obligations of a party to fulfill its funding obligations to Program Merchants or, in the case of American Express, its obligations to fund Service 
  
 * Represents material which has been redacted and filed separately with the Commission
pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended. 
  

  

			
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Agent under this Agreement; (iv) damages arising from a party’s breach of Section 12 or 14.7; (v) damages arising from a party’s
violation of Applicable Law; and (vi) damages arising from a party’s gross negligence or intentional or willful misconduct. For the avoidance of doubt, the limitations in this Section 18.1 do not apply to claims or actions arising
under the APA . 
 18.2 Duty to Mitigate 
 Each party shall have a duty to mitigate damages for which the other party is responsible. 
 18.3 Force Majeure 
 Neither party shall be liable for any default or delay in the performance of its obligations under this Agreement (other than the obligation to pay
amounts due hereunder): (a) if and to the extent such default or delay is caused, directly or indirectly, by fire, flood, earthquake, elements of nature or acts of God, terrorism, riots, pestilence, civil disorders, governmental orders under
the Defense Production Act, failure of telecommunications or banking systems, or any other cause beyond the reasonable control of such party, @I) provided the non-performing party is without fault in causing such default or delay, and such default
or delay could not have been prevented by reasonable precautions and could not reasonably be circumvented by the non-performing party through the use of alternate sources, workaround plans or other means (each such event, a Force Majeure
Event). In such event the non-performing party shall be excused from further performance or observance of the obligations so affected for as long as such circumstances prevail and such party continues to use commercially reasonable efforts to
recommence performance or observance without delay. The party so delayed in its performance shall immediately notify the party to whom performance is due by telephone (to be confirmed in writing within twenty-four (24) hours of the inception of
such delay) and describe at a reasonable level of detail the circumstances causing such delay. Service Agent shall not have the right to any additional payments from American Express for costs or expenses incurred by Service Agent as a result of any
Force Majeure Event. 
 19. DISPUTE RESOLUTION 
 19.1
Claims and Commencement of Negotiation 
 All Claims arising out of or in connection with this Agreement shall be resolved pursuant to
this Section 19 rather than by litigation. In the event of any Claim, the parties shall use commercially reasonable efforts to settle the Claim. To this effect, the party asserting the Claim shall provide notice thereof to the other party, and
they shall meet and negotiate with each other and, recognizing their mutual interests, attempt, in good faith, to reach a solution satisfactory to both parties. If they do not reach a solution within a period of 60 days from the first meeting of the
parties in negotiation, then the parties shall attempt to settle the Claim through mediation, as described in Section 19.2 below. 
 19.2 Mediation

 Any Claim that bas not been resolved pursuant to Section 19.1 above shall be resolved, upon the election by either party, through
mediation administered by an entity or organization located in New York, New York mutually agreed upon by the parties. The parties shall share equally in the costs of mediation. If they do not reach a solution within a period of 60 days from the
first meeting of the parties in mediation, then upon the election by either party, the parties shall settle the Claim through binding arbitration in accordance with Schedule 6 by one party delivering to the other party a written notice that
such party intends to pursue arbitration (Arbitration Notice). 
 19.3 Exceptions 
 Injunctive relief sought to enforce the confidentiality provisions of this Agreement shall not be subject to the requirements of this Section 19
unless the enforcing party elects to follow the mediation procedures set forth in Section 19 and Schedule 6. This Section 19 is not intended to, and does not, substitute for American Express’s ordinary business practices,
policies, and procedures, including its rights to impose Non-compliance Fees. 

  

  

			
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 20. MISCELLANEOUS 
 20.1 Assignment 
 This Agreement shall be binding on the parties hereto and their respective successors and permitted
assigns. Neither party shall, or shall have the power to, assign this Agreement without the prior consent of the other, except that either party may assign its rights and obligations under this Agreement without the approval of the other party to:
(a) an entity which acquires all or substantially all of the assets of the party; @) an Affiliate of the party; or (c) the successor in a merger or acquisition of the party. In the case of an assignment by Service Agent, the assignee must
meet all the requirements set forth in this Agreement (including applicable Program Launch Conditions) and the Operating Regulations and must be otherwise capable of performing the obligations of Service Agent under this Agreement. Subject to the
foregoing, any assignment by operation of law, order of any court, or pursuant to any plan of merger, consolidation or liquidation, shall be deemed an assignment for which prior consent is required and any assignment made without any such consent
shall be void and of no effect as between the parties. 
 20.2 Notices 
 Updates to the Operating Regulations shall be effective when sent by e-mail or other means set forth in the Operating Regulations. All other notices and other communications shall be in writing and may be personally
delivered, sent by facsimile transmission with receipt confirmed telephonically, or other form of telecommunication leaving a permanent visual record (provided that where telecommunications are used, the sender also sends a copy of this notice
forthwith by prepaid first class post), by first class registered mail, or by an expedited mail courier service that delivers a signed receipt of delivery. All notices or other communications shall be deemed received or given at the time of actual
delivery to Service Agent at the address specified on the first page of this Agreement and to American Express at the address set forth below: 
 American Express Travel Related Services Company, Inc., 3 World Financial Center, 200 Vesey Street, New York, N.Y. 10285, Attention: Sr. VP of Merchant Acquisition and Client Management – North America 
 With copy to: 
 American Express Travel
Related Services Company, Inc., 3 World Financial Center, 200 Vesey Street, New York, NY 10285; Attention: General Counsel’s Office / ES Practice Group 
 20.3 Severability 
 If one or more of the provisions of this Agreement shall for any reason be held to he invalid, illegal or
unenforceable, the remaining provisions of this Agreement shall he unimpaired, and the invalid, illegal or unenforceable provisions shall be replaced by a mutually acceptable provision, which, being valid, legal and enforceable, comes closest to the
intentions of the parties underlying the invalid, illegal or unenforceable provisions. 
 20.4 Continued Performance 
 Except as otherwise directed by the other party, each party shall continue performing its obligations under this Agreement while a dispute is being
resolved except (and then only) to the extent the issue in dispute precludes performance (dispute over payment shall not be deemed to preclude performance) and without limiting either party’s right to terminate this Agreement as provided in
Section 13. In the event of a breach of this obligation (in addition to all other remedies and rights and without the same constituting an election of remedies) American Express shall be entitled to seek and obtain injunctive relief, without
posting bond or proving damages, in addition to all other remedies. 
  

  

			
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 20.5 Waiver; Cumulative Rights 
 Failure to enforce any term or provision of this Agreement, to exercise any option which is provided, or to require at any time performance by either party, shall in no way be construed to be a waiver of any
provisions of this Agreement. All rights and remedies of the parties are cumulative, not alternative. 
 20.6 Governing Law 
 This Agreement is governed by and shall be construed according to the laws of the State of New York without regard to internal principles of conflicts of
law. Subject to Section 19, any action by either party shall be brought in the appropriate federal or state court located in the County and State of New York. Each party consents to the exclusive jurisdiction of such court and waives any claim
of lack of jurisdiction or forum non conveniens. 
 20.7 Compliance with Law 
 Each party is solely responsible for ensuring that it complies with the Applicable Laws that apply to its respective obligations, responsibilities, and
activities pursuant to this Agreement, including maintaining an effective compliance program to ensure such compliance. Service Agent’s responsibilities in this regard include: (a) implementing and maintaining policies and procedures
designed to ensure compliance with the merchant validation, compliance, and information protection requirements provided in the Operating Regulations and (b) monitoring its performance under this Agreement and the actions of its Program
Merchants to ensure Service Agent’s compliance with such requirements. 
 20.8 Regulatory Compliance 
 (a) Prohibition Lists. Without limiting the generality of Section 20.7, Service Agent shall maintain, either directly or through third
parties, a compliance program that includes comprehensive procedures designed to ensure Service Agent’s compliance with the rules and regulations promulgated by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the
Treasury. Service Agent’s procedures, which may be changed as Service Agent determines necessary to comply with Applicable Law, shall include regular screening against OFAC’s Specially Designated Nationals and Blocked Persons List and the
U.S. Department of State’s Terrorist Exclusion List (TEL), and any similar lists promulgated by the U.S. Government (Prohibition Lists). Service Agent shall review potential matches identified by such screening, and if an actual
match is confirmed, Service Agent shall (i) take any required actions to comply with Applicable Law (including, as needed, providing required notifications, blocking transactions or freezing funds) and (ii) alert American Express of any
confirmed positive match of a Program Merchant to a Prohibition List. 
 (b) Screening. Service Agent will: 
 (i) include at least the following information in its screens of the Program Merchants against the Prohibition Lists: (A) legal name of the Program
Merchant; (B) “Doing Business As”/ “Trade Name” name; and (C) Program Merchant Principal (including last name, first name, and, if obtained, middle name or initials on an account; 
 (ii) conduct screening against the entire Prohibition List for a particular Program Merchant when an account is opened for such Program Merchant, and for
all Program Merchants on a periodic basis (generally quarterly). For clarification, Service Agent may change the frequency specified in this paragraph as it deems necessary in its sole discretion to comply with Applicable Law; and 
 (iii) promptly terminate the Card Acceptance Agreement of any Program Merchant listed on a Prohibition List and then notify American Express and the
necessary Government Agency/regulator promptly after effecting such cancellation. 
  

  

			
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 (c) Training. Service Agent will: 
 (i) ensure all personnel performing applicable compliance activities are adequately trained, and Service Agent must provide refresher training at least
annually thereafter. The scope of each employee’s training will be tailored to his or her particular job function; 
 (ii) cause
its management to participate in training programs and take action to ensure high employee attendance; 
 (iii) ensure identified staff
attend appropriate training sessions and have the knowledge necessary to fulfill their respective compliance obligations; and 
 (iv) refresh
training programs and materials so that they remain current and relevant to the then-current regulatory environment and business processes. 
 20.9 No
Tying of Banking Services to Program Merchant Acquisition or Servicing 
 The parties understand and acknowledge that in the ordinary
course of business, certain of Service Agent’s sales channels from time to time may encourage the establishment of banking relationships with Service Agent Affiliates. Notwithstanding the foregoing, in carrying out the Services, Service Agent
shall not require existing or prospective Program Merchants to establish a banking relationship with any Service Agent Affiliate or any specific banking institution designated by Service Agent as a condition to receiving Services under the Program.

 20.10 No Factoring 
 Except as
expressly permitted under this Agreement or as permitted by prior American Express written consent, Service Agent shall not factor any of its accounts receivable from American Express or American Express Affiliates under this Agreement or assign any
interest therein as security for Service Agent obligations or otherwise permit any lien or security interest to attach to or remain on any of its accounts receivable; provided this paragraph shall not limit Service Agent’s right to pledge its
assets as part of a debt financing transaction. For the avoidance of doubt, the foregoing language is not intended to express or imply that Net Settlement Funds are Service Agent assets. 
 20.11 Insurance 
 Service Agent shall provide and maintain in effect at all times the insurance
coverages and comply with the related terms provided in Schedule 3. This insurance coverage is to protect the parties from any liability that may arise out of or result from Services provided by or the operations of Service Agent under this
Agreement, whether such liability arises during Service Agent’s performance or subsequent to completion of its performance hereunder. Service Agent shall notify American Express immediately if any insurance coverage lapses or falls below the
limits set forth in Schedule 3. These insurance requirements shall not in any way limit Service Agent’s indemnity obligations to American Express hereunder, nor shall they relieve or decrease the liability of Service Agent in any way.
American Express does not in any way represent or warrant that the insurance or limits of insurance specified herein are sufficient or adequate to protect Service Agent’s interests or liabilities. Service Agent is responsible at its sole
expense for providing any additional insurance that it deems necessary to protect those interests and liabilities. 
 20.12 Press Releases 

Neither party shall issue any press release nor make any public announcement in respect of this Agreement or the other party without the prior written
consent of the other party. 
 20.13 Interpretation 
 In construing this Agreement, unless the context requires otherwise: (a) the singular includes the plural and vice versa; (b) the term or is not exclusive; (c) the term including means
“including, but not limited to;” (d) the term day means calendar day; (e) any reference to any agreement (including this Agreement and its 

  

  

			
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Operating Regulations), instrument, contract, policy, procedure, or other document refers to it as amended, supplemented, modified, suspended, replaced,
restated, or novated from time to time; and (f) all captions, headings, and similar terms are for reference only. 
 20.14 Counterparts; Facsimile
Signatures 
 This Agreement may be executed in counterparts and each counterpart shall be deemed an original hereof. This Agreement may
be executed by signatures transmitted via facsimile transmissions which shall be binding on the parties hereto and deemed original signatures hereof. 
 20.15 Consents and Approvals 
 Whenever the consent or approval of a party to this Agreement is required, such consent may be
given or withheld by such party in its sole discretion, unless otherwise specifically stated. 
 20.16 Survival 
 The provisions of this Agreement which by their terms require continuing performance to honor the obligations herein, shall survive any termination or
expiration of this Agreement, including Sections 12, 14, 15, 17, and 18 of this Agreement and section 2 of Schedule 4. 
 20.17 No Third Party
Beneficiaries 
 Except as provided in Section 17, this Agreement is entered into solely between, and may be enforced only by,
Service Agent and American Express, and this Agreement shall not be deemed to create any rights in third parties, including suppliers and customers of a party, or to create any obligations of a party to any such third parties. 
 20.18 Mutually Negotiated 
 Each party acknowledges
that the limitations and exclusions contained in this Agreement have been the subject of active and complete negotiation between the parties and represent the parties’ agreement based upon the level of risk to American Express and Service Agent
associated with their respective rights and obligations under this Agreement. The terms and conditions of this Agreement (including any perceived ambiguity herein) shall not be construed in favor of, or against, either party by reason of the extent
to which any party or its professional advisors participated in the preparation of the original or any further drafts of this Agreement as each party is a sophisticated business entity and has fully negotiated this Agreement with the full
participation of counsel and other advisors and it represents their mutual efforts and it represents their mutual intent. 
 20.19 Entire Agreement;
Amendments 
 This Agreement contains the entire agreement between the parties relating to its subject matter and supersedes all prior or
contemporaneous negotiations or agreements, whether oral or written, relating to the subject matter hereof except as provided in Section 11. This Agreement and its terms may be amended, supplemented, or modified only by an instrument in writing
executed by each party, and in accordance with Section 5.2 with respect to changes to Operation Regulations. 
  

  

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

							
	AMERICAN EXPRESS TRAVEL RELATED SERVICES
COMPANY, INC.	 	HEARTLAND PAYMENT SYSTEMS, INC.
				
	By:	 	 /s/ Thomas F. Pojers
	 	By:	 	 /s/ Robert H. Baldwin

	Name:	 	Thomas F. Pojers	 	Name:	 	Robert H. Baldwin
	Title: 	 	Senior Vice President, Merchant Acquisition & Client Management	 	Title:	 	President & CFO
			
	Date: 12-22-07	 	Date:	 	12/21/07

  

  

			
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 SCHEDULE 1 
 DEFINITIONS 
 Affiliate means any entity that Controls, is Controlled by, or is under common Control with a
party, including its subsidiaries. 
 American Express has the meaning given in the Preamble of the Agreement. 
 American Express Brand means the American Express name, trademarks, service marks, logos, and other proprietary designs and designations and the imagery owned by
American Express or American Express Affiliate and the goodwill associated with all of the foregoing and with all the goods and services now and in the future provided, marketed, offered, or promoted by American Express or an American Express
Affiliate. 
 American Express Materials means any software, Operating Regulations, business plans, procedures, and other materials containing
technical or operational procedures provided by American Express under this Agreement. 
 American Express Network or Network means the network
of Service Establishments and the operational, service delivery, systems, and marketing infrastructure that supports this Network and the American Express Brand. 
 Annual Charge Volume Maximum has the meaning given in Section 2.2 of Schedule 4. 
 Applicable Law means: (a) any
law, statute, regulation, ordinance, or subordinate legislation in force from time to time to which a party or its Affiliates is subject; (b) the common law as applicable to the parties from time to time; (c) any court order, judgment, or
decree that is binding on a party or its Affiliates; (d) any directive, policy, rule, or order that is binding on a party or its Affiliates and that is made or given by a regulator, or other government or government agency, of, in the case of
items (a) through (d) above, any country, or other national, federal, commonwealth, state, provincial, or local jurisdiction; and (e) NACHA Operating Rules. 
 Application Set-Up Form means the form provided by American Express that Service Agent shall require each Program Merchant to complete in order to apply for Card acceptance. 
 Approval means a message from American Express granting the Authorization in response to a request for Authorization from a Program Merchant, consisting of an
approval code. 
 Arbitration Notice has the meaning given in Section 19.2 of the Agreement. 
 Authorization means the process of a Program Merchant obtaining an approval code for a Charge in accordance with its CAA, or an Issuer’s granting approval of
a Charge assigned to such Issuer. 
 Authorization Services means Services permitting the Program Merchant to obtain Authorizations from American
Express. 
 Authorized Processor Agreement or APA means any separate agreement into which the parties have entered governing Service
Agent’s performance of Processing Services. Authorized Processor Agreements are also known as “Authorized Gateway Provider Agreements”. 
  

  

			
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 AXP Data means all Cardmember information and Transaction Data and any information derived from such information.

 Card means (a) any card, account access device, or payment device bearing an American Express or an American Express Affiliate trademark or
logo and issued by an Issuer or (b) an account number issued by an Issuer, which can be used to purchase goods or services at Service Establishments on the American Express Network. 
 Card Acceptance Agreement or CAA means the agreement between American Express and the Program Merchant governing the Program Merchant’s Card acceptance. For the avoidance of doubt, Service Agent
shall not be a party to the CAA. 
 Card Service means American Express’s worldwide business and Network under which Cardmembers use Cards to
make purchases of goods and services at Service Establishments. 
 Cardmember means an individual, corporation, partnership, trust, association, or
any other legally recognized entity or organization who has entered into agreement and established a Card account with any Issuer, or whose name appears on a Card. 
 Cardmember Information means names, addresses, account numbers, Card Identification Numbers (CIDs), expiration date, and other information about Cardmembers. 
 Charge or Charges means the total price, including all applicable taxes and gratuities, for the purchase of goods or services at a Program Merchant for which the Cardmember has signed a Charge Record or
otherwise indicated intent to pay with the Card. 
 Chargeback means an amount which American Express is entitled to collect from a Program Merchant
in accordance with the Card Acceptance Agreement. 
 Claim means any claim (including initial claims, counterclaims, cross-claims, and third party
claims), dispute, or controversy between the parties arising from or relating to this Agreement, or the relationship resulting from this Agreement, whether based in contract, tort (including negligence, strict liability, fraud, or otherwise), or
statutes, regulations, or any other theory. 
 Confidential Information means any information of a party that is protected as confidential information
pursuant to Section 12 of this Agreement, including any information furnished or made available directly or indirectly by one party to the other that (a) is designated as “Confidential Information” of a party in this Agreement;
(b) is marked confidential, restricted, or with a similar designation; or (c) would otherwise be considered confidential by a reasonable person in the payment card industry. 
 Control and its derivatives Controlled and Controlling mean with regard to any entity the legal, beneficial or equitable ownership, directly or indirectly, of fifty percent (50%) or more of
the capital stock (or other ownership interest if not a stock corporation) of such entity ordinarily having voting rights. 
 Credit means an amount
to be credited to a Cardmember’s Card account for return of goods or services originally purchased with the Card or for resolution of a dispute or complaint with a Cardmember. 
 Credit and Fraud Losses means any Chargebacks and credit write-offs, arising in connection with Charges submitted by Program Merchants for settlement that are not recoverable by Service Agent. 
  

  

			
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 Credit Loss Fees has the meaning given in Section 3.2 of Schedule 4. 
 Direct Program Merchant Fees has the meaning given in Section 4.2 of Schedule 4. 
 Direct Sales Channel means a Service Agent sales channel that is Controlled by Service Agent. 
 Discount means
the amount that American Express charges a Program Merchant for accepting the Card, expressed as (i) a percentage (Discount Rate) of the face amount of Charges that the Program Merchant submits or (ii) a flat transaction fee, or a
combination of both. 
 Effective Date has the meaning given in the Preamble of the Agreement. 
 ESA Agreement or External Sales Agent Agreement means any separate agreement into which the parties have entered governing Service Agent’s performance
of services under American Express’s External Sales Agent program. 
 ESSP Development Costs means the actual reasonable out-of-pocket costs
incurred by Service Agent performing ESSP Development Work. 
 ESSP Development Work means productive work reasonably worked by Service Agent
employees and contracted third-parties, as appropriately recorded under a labor backing system, on product development projects required solely to fulfill Service Agent’s obligations under this Agreement. Hours worked in meeting obligations
under the Authorized Processor Agreement, ESA Agreement or on work product to be used under any other agreement with American Express or a third party, and non-productive time, including holidays, vacation time, sick leave or other personal time
off, education, training, travel, administrative, expense accounting, management time, and idle time between projects shall not be counted as ESSP Development Work. 
 Existing American Express Merchants has the meaning given in Section 8.5 of the Agreement 
 Force Majeure
Event has the meaning given in Section 18.3 of the Agreement. 
 Independent Sales Organization or IS0 means a Service Agent sales
channel that is not Controlled by Service Agent. 
 Indirect Sales Channel means an IS0 or any other Sales Agent that is not Controlled by Service
Agent. 
 Initial Term has the meaning given in Section 13.1 of the Agreement. 
 Issuer means any entity (including American Express and American Express Affiliates) authorized by American Express or an American Express Affiliate to issue a Card and to engage in the Card issuing business.

 License has the meaning given in Schedule 2. 
 Licensed Marks has the meaning given in Schedule 2. 
 Losses means all losses, liabilities, obligations, and damages payable
to third parties (including governmental or regulatory agencies) in connection with a claim that is subject to indemnification under Section 17 of the Agreement, and all related costs and expenses (including reasonable legal and other
professional fees and disbursements and costs of investigation, litigation, settlement, judgment, interest and penalties). 
  

  

			
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 Merchant Data means information about Program Merchants, including names, postal and e-mail addresses, tax ID
numbers, and the names and social security numbers of the authorized signer of Program Merchants. 
 Merchant Processing Agreement means the agreement
between a Service Agent and a Program Merchant setting out the terms under which the Program Merchant accepts and the Service Agent processes Other Payment Products as a form of payment for goods and services sold or provided by the Program
Merchant. For the avoidance of doubt, the Card Acceptance Agreement may be a part of the documentation comprising the Merchant Processing Agreement, provided Service Agent is not a party to such Card Acceptance Agreement and American Express is not
a party to such Merchant Processing Agreement. 
 Net Settlement Funds means funds payable to Program Merchants to settle Charges, net of Chargebacks,
Discount, Credits, and any other applicable fees or amounts owed to American Express under this Agreement. 
 New Program Merchant bas the meaning
given in Schedule 4. 
 Non-Compliance Fee means an assessment American Express may elect to receive under the Operating Regulations if Service
Agent fails to: (a) meet a Performance Standard; (b) comply with certain provisions in this Agreement or the Operating Regulations; or (c) implement a required update to the Operating Regulations. 
 Notice of Election has the meaning given in Section 17.5 of the Agreement 
 OFAC means the Office of Foreign Assets Control of the US Department of the Treasury. 
 Operating Regulations
or Op Regs has the meaning given in Section 5.1 of the Agreement. 
 Other Payment Products means any charge, credit, debit, stored
value or smart cards, account access devices, or other payment cards, services, or products other than the Cards. 
 Performance Standards means the
standards to be used to monitor the Service Agent’s performance, including the service levels set forth in the Operating Regulations. 
 Point of
Sale (or POS) Device/Process means an information processing device, including a terminal, personal computer, electronic cash register, or payment engine or process, used by a Program Merchant, which utilizes electronic or mechanical signals or
impulses to obtain Authorizations or to collect Transaction Data, or both. 
 Processing Services means Authorization Services, Submission Services,
Settlement Services, and Merchant Processor Support Services, each as defined in the Operating Regulations. 
 Program has the meaning given in
Section 1.1 of the Agreement. 
  

  

			
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 Program Launch Conditions means the requirements provided in the Operating Regulations that Service Agent must
satisfy prior to performing any Services under this Agreement. 
 Program Launch Date means the date Service Agent satisfies the Program Launch
Conditions and begins performing Services. 
 Program Merchant means a Target Merchant that has entered into a Card Acceptance Agreement wherein such
Target Merchant agrees: (a) to permit any Cardmember to charge purchases of goods and services at or with such merchant by means of the Card and (b) to transfer such Charges to American Express through a Service Agent. Program Merchants
are one category of Service Establishments. 
 Prohibition List has the meaning given in Section 20.8 of the Agreement. 
 Registered Processor means an entity designated as a Registered Processor in the Operating Regulations. 
 Registered Risk Manager means an entity designated as a Registered Risk Manager in the Operating Regulations. 
 Residuals has the meaning given in Schedule 4. 
 Risk
Management Services means the services described in Section 10 of the Operating Regulations 
 Sales Agent means an employee, agent,
contractor, or other representative used by Service Agent to solicit Target Merchants or otherwise market the Program. 
 Service Agent has the
meaning given in the Preamble of the Agreement. 
 Service Agent Direct Sales Force means the sales force comprised of employees (and not
subcontractors) of Service Agent or a Sales Agent Affiliate. 
 Service Agent Materials means any software, manuals, business plans, procedures, and
other materials containing technical or operational procedures provided by Service Agent under this Agreement. 
 Service Agent Merchant Base means
the number of Target Merchants with which Service Agent has a Merchant Processing Agreement for Other Payment Products. 
 Service Agent Personnel
means any or all of a Service Agent’s employees, agents, representatives, subcontractors (including Registered Processors, Registered Risk Managers, Direct Sales Channels, Sales Agents, and ISOs), and providers of its Point-of-Sale
equipment or systems or payment processing solutions. 
 Service Establishment means any seller of goods or services, non-profit, or government entity
that participates in the American Express Card Service by entering into a contract with American Express or its licensees wherein such seller agrees to (i) permit any Cardmember to charge purchases of goods and services at or with such Service
Establishment by means of the Card and (ii) transfer such Charges (and Credits) to American Express or its licensee. Program Merchants are one category of Service Establishments. 
 Service has the meaning given in Section 4.1 of the Agreement. 
  

  

			
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 Submission Services means the Services described in the Submissions Section of the Operating Regulations.

 Subsequent Term has the meaning given in Section 13.1 of the Agreement. 
 Target Merchant means any seller of goods or services, non-profit, or government entity that meets the Program qualifications provided in the Operating Regulations. 
 Term has the meaning given in Section 13.1 of the Agreement. 
 Termination Fee has the meaning given in Section 13.6 of the Agreement. 
 Transaction Fee has the meaning given in
Schedule 4. 
 Transaction Data means all information required by American Express evidencing Charges or Credits, including information
obtained at the point of sale, information obtained or generated during Authorization and settlement, and any Chargeback or Downgrade Fee information related to the transaction. 
 Transition Assistance has the meaning given in Section 14.1 of the Agreement. 
 Transition Merchant has
the meaning given in Section 14.2 of the Agreement. 
  

  

			
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 SCHEDULE 2 
 TERMS GOVERNING USE OF AMERICAN EXPRESS LICENSED MARKS 
 The terms in this Schedule 2
(License) govern Service Agent’s use of the trade names, trademarks and service marks (hereinafter called the Licensed Marks) and any corresponding registrations and applications thereof listed on Exhibit A to this
Schedule 2 in connection with the Program. References to American Express in this Schedule 2 refer to American Express’s Affiliate, American Express Marketing & Development Corp. 
 1. GRANT OF LICENSE 
 For purposes of and to
facilitate the receipt of Services, American Express grants to Service Agent a nonexclusive, nontransferable license, free of the payment of royalties upon such license, to use the Licensed Marks, in the United States only, in its name and in
connection with the goods and services covered by the Licensed Marks and any corresponding registrations referred to in Exhibit A, and Service Agent accepts the license subject to American Express’s right to add to or delete from
Exhibit A upon thirty (30) days written notice, as well as the following terms and conditions. 
 2. OWNERSHIP OF MARKS 

Service Agent acknowledges that American Express is the owner of the Licensed Marks, and agrees that it shall do nothing inconsistent with such
ownership and that all use of the Licensed Marks by Service Agent shall inure to the benefit of and be on behalf of American Express, and agrees to assist American Express in recording this License with appropriate government authorities. Service
Agent agrees that nothing in this License shall give Service Agent any right, title or interest in the Licensed Marks other than the right to use the Licensed Marks in accordance with this License and Service Agent agrees that it shall not attack
the title of American Express to the Licensed Marks or attack the validity of this License. 
 3. QUALITY STANDARDS 
 Service Agent agrees that the nature and quality of: all services rendered by Service Agent in connection with the Licensed Marks; all goods sold by
Service Agent under the Licensed Marks; and all related advertising, promotional and other related uses of the Licensed Marks by Service Agent shall conform to standards set by and under the control of American Express. 
 4. QUALITY MAINTENANCE 
 Service Agent agrees
to cooperate with American Express in facilitating American Express’s control of such nature and quality, to permit reasonable inspection of Service Agent’s operation, and to supply American Express with specimens of use of the Licensed
Marks upon request. Service Agent shall comply with Applicable Laws and obtain all appropriate government approvals pertaining to the sale, distribution and advertising of goods and services covered by this License. 
  

  

			
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 5. FORM OF USE 
 Service Agent agrees to use the Licensed Marks only in the form and manner and with appropriate legends as prescribed from time to time by American Express, and not to use any other trademark or service mark in
combination with any of the Licensed Marks without prior written approval of American Express. 
 6. INFRINGEMENT PROCEEDINGS 
 Service Agent agrees to notify American Express of any unauthorized use of the Licensed Marks by others promptly as it comes to Service Agent’s
attention. American Express shall have the sole right and discretion to bring infringement or unfair competition proceedings involving the Licensed Marks but is under no obligation to do so. 
 7. TERMINATION/EXPIRATION 
 The License granted
in this Schedule 2 is valid only for the term of the Agreement. Upon expiration or termination of the Agreement, Service Agent agrees to immediately discontinue all use of the Licensed Marks and any term confusingly similar thereto, and to
delete the same from its corporate or business name, to cooperate with American Express or its appointed agent to apply to the appropriate authorities to cancel recording of this Agreement from all government records, to destroy all printed
materials bearing any of the Licensed Marks and that all rights in the Licensed Marks and the goodwill connected therewith shall remain the property of American Express. 
 8. MISCELLANEOUS 
 This License shall not be construed as: (a) requiring the maintenance
of the Licensed Marks; (b) a warranty as to the validity, enforceability or scope of the Licensed Marks; (c) a warranty or representation that any product or service shall be free from infringement of trademarks or other intellectual
property rights of third parties; (d) an agreement to bring or prosecute actions against third party infringers of the Licensed Marks; (e) conferring any express or implied right under the Licensed Marks except as provided herein; or
(f) creating any American Express liability to Service Agent or to any other party as a result of the license granted hereunder or as a result of Service Agent’s use of this license. 
  
  
 EXHIBIT A TO SCHEDULE 2 
 MARKS 
  

					
	Licensed Mark	 	Registration Number	 	Class
	AMERICAN EXPRESS	 	1024840	 	35, 36, 39, and 42
	AMERICAN EXPRESS & DESIGN	 	1032516	 	36, 39, and 42

  

  

			
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 SCHEDULE 3 
 INSURANCE 
 1. Service Agent shall provide and maintain the following minimum insurance coverage: 

Workers’ Compensation covering all Service Agent Personnel in accordance with applicable statutory requirements and Employer’s Liability
Insurance in an amount of not less than $1,000,000 per accident for bodily injury by accident, $1,000,000 policy limit by disease and $1,000,000 per employee for bodily injury by disease. 
 Commercial General Liability Insurance written on an occurrence form including coverage for bodily injury, property damage, products and completed operations,
personal injury, advertising injury, and contractual liabilities arising out of any and all services provided by Service Agent under this Agreement with minimum limits of $1,000,000 per occurrence and $2,000,000 annual aggregate. The policy shall be
endorsed to name American Express Company, its subsidiaries, directors, officers, agents, and affiliates as additional insured. 
 Professional Liability
/ Errors and Omissions coverage of not less than $10,000,000 each claim and annual aggregate. The policy must include coverage for computer-related / cyber risks. If coverage is written on a claims-made basis, coverage with respect to any and
all work performed in connection with this Agreement shall be maintained for a period of at least three years from the expiration or termination of this Agreement. 
 Fidelity / Crime Bond of not less than $5,000,000 each claim. The policy must include coverage for loss of money, securities, or other property owned by American Express, its Cardmembers, or its Program Merchants (or any or all of
them) through any fraudulent or dishonest act committed by any Service Agent employee or person under Service Agent’s supervision, whether acting alone or in collusion with others and coverage for computer / cyber crime. The policy shall name
American Express as a loss payee. 
 Umbrella I Excess Liability with policy limits of not less than $20,000,000 per occurrence and annual
aggregate, as excess over general liability, automobile liability, and employer’s liability. In addition to including the general policy provisions required below, the terms and conditions of this policy must be at least as broad as the
underlying general liability, automobile liability, and employers’ liability policies required herein, including naming American Express Company, its subsidiaries, directors, officers, employees, agents, and affiliates as additional insured
where required. 
 2. All insurance policies shall be issued by companies licensed to do business in the states where Services are provided or the
operations performed and must be rated “A-”, “ X or better by A.M. Best. All insurance policies shall include waivers of subrogation against American Express Company, its subsidiaries, directors, officers, employees, agents, and
affiliates and shall require at least 30 days written notice to American Express prior to cancellation or non-renewal. All insurance policies shall apply as primary to and non-contributory with any other insurance afforded to American Express
Company, its subsidiaries, directors, officers, employees, agents, and affiliates. All insurance policies shall include coverage for defense costs and related expenses. 
  

  

			
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 3. Prior to provision of Services under this Agreement and prior to the expiration of any required policy of
insurance, Service Agent shall cause its insurers or their authorized agents to provide American Express with certificates of insurance evidencing the required coverage. 
 4. Service Agent must ensure that its subcontractors maintain in effect at all times insurance coverages typical for companies of their size and operating in their businesses and otherwise sufficient to protect
the parties from any liability that may arise out of their performance of Services. Service Agent shall be liable to American Express for all damages incurred by American Express as a result of Service Agent’s failure to carry adequate coverage
for its subcontractors, or failure to require its subcontractors to carry adequate coverage as prescribed herein. 
  

  

			
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 SCHEDULE 4 
 FINANCIAL TERMS 
 1. GENERAL 
 All amounts set forth in this Schedule 4 are stated in U.S. dollars and shall apply regardless of the location in which the Services are provided or performed, unless amended by agreement of the parties in
accordance with the provisions of this Agreement. This Schedule 4 describes all fees payable by American Express to Service Agent for Service Agent’s provision of Services and participation in the Program. 
 In this Schedule 4, references to time shall be in Eastern Time and references to days, months, quarters, and years shall be to calendar days,
calendar months, calendar quarters and calendar years unless specified otherwise. 
 2. RESIDUAL PAYMENTS 
 2.1 General Obligation 
 (a) American Express will pay
Service Agent a residual percentage of the monthly Charge Volume submitted by each New Program Merchant signed by Service Agent (Residuals). Residuals will be calculated each month for each New Program Merchant by multiplying the Residual
Percentage (defined below) by the Charge Volume for the month for each New Program Merchant, up to a maximum of ***** Charge Volume in each year (Annual Charge Volume Maximum) (e.g., if the Residual Percentage is ***** basis points ***** and
Charge Volume for a New Program Merchant in a year is *****, then the Residual for that year would be *****, calculated by multiplying ***** * the ***** maximum). 
 (b) A New Program Merchant is a Program Merchant that does not accept Cards under any American Express Card Service program at the time of signing. Service Agent will not receive Residuals for any Program
Merchant currently accepting Cards that transfers from American Express or another service agent under the Program to Service Agent. American Express will pay Residuals in the month following the month in which they are earned. For purposes of this
Section, Charge Volume means, with respect to each New Program Merchant, total Charges on net purchases less Chargebacks, Credits, and any other amounts owed to American Express by such New Program Merchant. 
 2.2 Residual Period 
 Service Agent will receive
Residuals for each New Program Merchant from the date the New Program Merchant agrees to accept Cards until the earlier of (i) five years after such date; or (ii) the date the New Program Merchant ceases to accept Cards. 
 2.3 Residual Percentages 
 Beginning on the Program
Launch Date, the Residual Percentage will be ***** basis points *****. Thereafter, it will be adjusted on an annual basis based on Service Agent’s performance against annual New Signings Targets as follows: 
 (a) New Signings Targets. Below are annual targets of New Program Merchant Signings that Service Agent is expected to meet or exceed each calendar
year (each a New Signings Target). A New Program Merchant Signing occurs when a New Program Merchant signed by Service Agent submits its first Charge of greater than *****. 
  
 * Represents material which has been redacted and filed separately with the Commission
pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended. 
  

  

			
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	 Year
	  	 Annual New Signings Target

	 2008
	  	 *****

	 2009
	  	 *****

	 2010
	  	 *****

	 2011
	  	 *****

	 2012
	  	 *****

	 2013
	  	 *****

	 After 2013
	  	As mutually agreed

 (b) Adjustments to the Residual Percentage Based on 2008-2013 Performance. 
 (i) If the actual number of New Program Merchant Signings exceeds the target range in a given year and ***** of the merchants signed are active by
the end of the year, then the Residual Percentage for those Signings will be increased to ***** basis points ***** for the following two calendar years. 
 (ii) If the actual number of New Program Merchant Signings is below the target range in a given year, then the Residual Percentage for those Signings will be reduced to 40 basis points (0.40%) for the following two
calendar years. 
 3. FEES 
 3.1 Transaction Fees 

 American Express shall pay Service Agent ***** per Card transaction submitted by a Program Merchant (including both Charge and Credit
transactions) for which Service Agent provides Processing Services (Transaction Fee). American Express shall pay Transaction Fees in accordance with standard American Express settlement procedures and the timelines provided in the Operating
Regulations. 
 3.2 Credit Loss Fees 
 (a)
American Express shall pay to Service Agent the fees described in Section 3.2(b) below (the Credit Loss Fees), in exchange for which Service Agent shall, as between American Express and Service Agent, bear economic responsibility for
Credit and Fraud Losses attributable to the Program Merchants related to Charges from and after the date upon which Service Agent commences providing Services to the Service Agent. If Service Agent elects to pursue formal dispute resolution or
collections activities using a third party in a manner permitted by the Card Acceptance Agreement and this Agreement, then effective as of the date Service Agent initiates such activities, American Express shall be deemed to have assigned to Service
Agent the rights under such Program Merchant’s Card Acceptance Agreement relating to the transactions giving rise to Credit and Fraud Losses attributable to such Program Merchant. American Express shall execute such further instruments of
assignment as to transactions for which Service Agent has assumed responsibility pursuant to this Section 3.2(a), as may be reasonably requested by Service Agent from time to time. 
  
 * Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment
pursuant to Rule 406 under the Securities Act of 1933, as amended. 
  

  

			
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 (b) American Express shall pay a monthly Credit
Loss Fee of ***** basis points ***** of Charge Volume for the month. American Express shall determine, and pay to Service Agent, the Credit Loss Fee for each month by the 15th day of the following month. American Express will include the calculation it used to determine the Credit Loss Fee along with each monthly payment. 
 (c) Six months following the Program Launch Date and on each anniversary of the Program Launch Date thereafter, or following any consecutive three-month
period in which the Credit and Fraud Loss write-off rate for Card transactions from Program Merchants increases or decreases by more than ***** basis points ***** from the then-current rate, the parties shall meet to discuss whether the Credit Loss
Fee reflects appropriate compensation for the level of Risk Management Services provided by Service Agent, and make any mutually agreed adjustments to such fee. As of the Effective Date, the current Credit and Fraud Loss write-off rate is *****.
Service Agent shall provide American Express with a report of its Credit and Fraud Loss write-off rate for Card transactions from Program Merchants and supporting documentation prior to the date of each review period contemplated above, and when
otherwise reasonably requested by American Express. 
 3.3 Fees for Funding of Settlement 
 (a) Definitions: 
 (i) Prime
Rate means the rate of interest presented in the Federal Reserve Statistical Release H.15 selected interest rates daily published on the http://www.federalreserve.gov/releases/h15/ website or its successor website. 
 (ii) Pre-Funding Amount for each calendar day means the total Net Settlement Funds that Service Agent has paid to Program Merchants under this
Agreement as of 10:00 p.m. Eastern Time on such day, less the amount of such Net Settlement Funds subsequently paid by American Express to Service Agent. Service Agent will credit American Express for any net settled amounts that exceed the amount
Service Agent has remitted to, or otherwise credited Program Merchants. 
 b) Cost of Funds Fee. 
 (i) Service Agent shall send to American Express, on or prior to the 10th day of each calendar month, an invoice with respect to the preceding calendar
month detailing: (A) the Pre-Funding Amount for each day of such calendar month; and (B) the applicable fee that American Express shall pay for such pre-funding activity (Cost of Funds Fee) as determined in paragraph
(ii) below. 
 (ii) The Cost of Funds Fee in paragraph (i)(B) above shall be calculated each day using the following formula: [(Prime
Rate / 365) * Pre-Funding Amount]. Service Agent shall invoice American Express for the sum of the daily Cost of Funds Fees at the end of each month as indicated above in paragraph (i). 
 3.4 Fees for Program Merchants Referred by American Express 
 If an American Express sales representative refers a merchant who desires to participate in the Program to Service Agent (an American Express Referral Merchant), Service Agent shall cause such merchant to execute a CAA and such
merchant shall be considered a Program Merchant for all purposes under this Agreement, except the pricing in this Schedule 4 applicable to such American Express Referral 
  
 * Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment
pursuant to Rule 406 under the Securities Act of 1933, as amended. 
  

  

			
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Merchant shall be revised as follows: (a) American Express shall pay Service Agent a one-time fee equal to $100 for each American Express Referral
Merchant that Service Agent causes to execute a CAA; and (b) notwithstanding anything to the contrary in Section 2 above, Service Agent shall not receive Residuals for any American Express Referral Merchants. A merchant shall count as an
American Express Referral Merchant only if the sales process has been completed by American Express such that limited additional sales effort on the part of Service Agent is necessary for such merchant to execute a CAA. If any material sales effort
on the part of Sales Agent is required for such merchant to execute a CAA, then it shall not be treated as an American Express Referral Merchant hereunder (in which case the compensation under Section 2 hereof shall apply). 
 4. DISCOUNT AND RELATED PROGRAM MERCHANT FEES 
 4.1 Discount 

 (a) American Express in its sole discretion shall establish the Discount applicable to each Program Merchant, and any related downgrade
charges, surcharges, or other fees and assessments payable by a Program Merchant. American Express shall notify Service Agent of the current Discount and any such related downgrade charges, surcharges and other fees and assessments prior to the date
Service Agent begins soliciting Target Merchants, and with updates to such amounts from time-to-time during the term of the Agreement. 
 (b)
Service Agent shall clearly communicate the applicable Discount and any associated downgrade fees to the Program Merchants without mark-up, discount, or other adjustment. Service Agent may bundle other fees and assessments that American Express
requires Service Agent to collect from Program Merchants in a manner that is consistent with how it presents similar fees and assessments for Other Payment Products. 
 4.2 Related Program Merchant Fees 
 (a) Service Agent may charge Program Merchants additional
servicing fees under a Merchant Processing Agreement related to Card acceptance (e.g., fees for electronic authorizations, manual voice authorizations, processing fees, statement fees) (collectively, Direct Program Merchant Fees), provided
such Direct Program Merchant Fees (i) are directly related to processing and merchant servicing functions provided to the Program Merchants and (ii) do not have the effect (whether directly or indirectly) of discriminating against Cards as
compared to any Other Payment Product. Service Agent may not, for example, charge a per transaction servicing or authorization fee for American Express if it is not charging one for all Other Payment Products. 
 (b) American Express shall deduct a fee from each Charge from a Program Merchant submitted to American Express for settlement, which shall be calculated
by (i) multiplying the amount of the Charge by American Express’s then-current standard Discount Rate (or, if applicable, applying a flat fee Discount) and (ii) adding any additional fees or assessments (or both) American Express in
its sole discretion elects to charge (e.g., downgrade fees, Non-Compliance Fees). 
 5. CHARGES TO FEES 
 5.1 Residuals or Transaction Fees 
 American Express
shall not change the amount of any Residuals or Transaction Fees payable directly to Service Agent without Service Agent’s prior written consent. 
  

  

			
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 5.2 Discount 
 American Express may change the applicable Discount from time to time during the Term, and any additional fees or assessments (or both) applicable to Program Merchants, by updating the Operating Regulations. Service Agent shall promptly
communicate any change made by American Express to the Program Merchants. 
 6. ESSP DEVELOPMENT COSTS 
 American Express shall pay Service Agent ***** of ESSP Development Costs within 30 days of the Effective Date. Except as provided by Section 13.6 of
the Agreement, Service Agent shall be responsible for all development costs in excess of such maximum that are required to implement the Program and otherwise meet the Program Launch Conditions. 
 7. NON-COMPLIANCE FEES AND INCENTIVE BONUSES 
 The
Operating Regulations provides for certain Non-Compliance Fees payable by Service Agent and incentive bonuses payable by American Express in addition to the amounts payable by American Express pursuant to this Schedule 4. 
 8. TAXES 
 (a) Except to the extent that American
Express has provided an exemption certificate, direct pay permit or other such appropriate documentation, Service Agent shall invoice any sales, use, excise, value-added, gross receipts, services, consumption and other similar transaction taxes
however designated that are properly levied by any taxing authority upon the Services and any products provided under this Agreement and required by Applicable Law (all of which shall be the responsibility of American Express), excluding however
taxes based upon Service Agent’s net income and any taxes or amounts in lieu thereof (including Michigan Business Taxes and Washington B&O taxes) paid or payable by Service Agent. 
 (b) If after the Effective Date, Service Agent believes that it is required by Applicable Law to collect any such taxes for which American Express would
be responsible pursuant to this Agreement, but which do not apply on the Effective Date, Service Agent shall use reasonable efforts to notify Americas Express of such new or additional taxes, provided that Service Agent’s failure to so notify
shall not preclude American Express’s liability for such taxes except to the extent American Express is prejudiced as a result of such failure. After such notice has been given, if American Express concludes that there is a reasonable basis for
not collecting any such taxes, in whole or in part, and provides in writing such basis together with a request not to collect such taxes, and with an indemnification to Service Agent for such taxes, then Service Agent shall not collect such taxes.
If American Express does not make a request to Service Agent to not collect such taxes, Service Agent shall collect such taxes directly from American Express and remit such taxes to the appropriate governmental authority and shall provide written
documentation thereof to American Express as required by Applicable Law. If American Express does not request Service Agent to not collect such taxes, Service Agent shall reasonably cooperate with American Express in seeking any refunds of taxes
paid in excess of amounts owed by American Express, as reasonably directed by, and at the expense of, American Express. 
 (c) American
Express and Service Agent shall each bear sole responsibility for all taxes, assessments, and other ad valorem levies on each party’s respective owned property, except where provided otherwise in this Agreement. 
  
 * Represents material which has been redacted and filed separately with the Commission
pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended. 
  

  

			
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 (d) Service Agent shall be financially responsible for, and hold harmless American Express from, any
sales, use, excise, value-added, services, consumption, and other taxes and duties payable by Service Agent on any goods or services used or consumed by Service Agent in providing the Services where the tax is imposed on Service Agent’s
acquisition or use of such goods or services and the amount of tax is measured by Service Agent’s costs in acquiring such goods or services. 
 (e) Wherever in this Agreement it is indicated that functions or services are to be performed by Service Agent for American Express and/or rights are to be granted by Service Agent to American Express as part of, or in connection with, the
Services and/or at no additional charge or cost to American Express, the parties acknowledge and agree that any such functions, services and/or rights are de minimis in nature and are not the principal or direct objective of the transactions
contemplated by this Agreement. 
 (f) American Express and Service Agent shall cooperate to segregate the charges payable pursuant to this
Agreement into the following separate payment streams for each taxing jurisdiction: (i) those for taxable Services and products; (ii) those for nontaxable Services and products; (iii) those for which a sales, use, value-added, or
other similar tax has already been paid; and (iv) those for which Service Agent functions merely as a paying agent for American Express in receiving goods, supplies or services (including leasing and licensing arrangements) that otherwise are
nontaxable or have previously been subject to tax. For each listed Service and/or product on an invoice, Service Agent shall separately show any tax that is being collected, the amount of tax for each line and the jurisdiction for which each tax is
being collected. Service Agent represents that as of the Effective Date it is registered with all State taxing authorities in States that impose sales, use, or other transaction-based taxes on the Services, and that it will register in the ordinary
course with any additional States that implement such taxes after the Effective Date. 
 (g) Each party shall reasonably cooperate with the
other to determine liability for taxes accurately, and minimize such liability to the extent legally permissible. Each party shall provide and make available to the other any resale certificates, information regarding out-of-state sales or use of
equipment, materials or services, and any other exemption certificates or information requested by a party. If American Express exercises its right pursuant to subsection 8(b) to not have taxes collected and if Service Agent subsequently receives a
notice from any taxing authority with respect to an assessment, potential assessment or imposition of any additional taxes, penalty and interest that relate to the non-collection of tax pursuant to subsection 8(b), Service Agent shall submit such
notice to American Express for reimbursement of the additional taxes, penalty and interest by American Express. American Express shall have the right, at its expense, to contest the imposition of such taxes. Service Agent agrees to cooperate as
reasonably requested by American Express in any such contest regarding the imposition of such taxes, provided that such cooperation shall not require Service Agent to delay or restrict the resolution of tax issues related to Service Agent that do
not affect American Express’s liability for taxes hereunder. 
  

  

			
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 SCHEDULE 5 
 LIST OF SUBCONTRACTORS 
  

	 	•	 	 TSYS 

  

	 	•	 	 TSYS – handles front end Authorizations and back end clearing for some accounts 

  

	 	•	 	 GRS (Golden Retriever Systems) – takes files from our non-exchange front-ends and formats 

  

	 	•	 	 the data for Service Agent. Note that Exchange is Service Agent’s proprietary front end system. 

  

	 	•	 	 First Data Merchant Services – handle front end Authorization for some accounts 

  

	 	•	 	 Chase Paymentech – handle front end Authorization for some accounts 

  

	 	•	 	 Global Payments – handle ARU and Voice Authorizations for some accounts 

  

	 	•	 	 Merchant Link – handle front end Authorizations for some accounts 

  

	 	•	 	 Authorize.net – gateway used for front end Authorizations on some accounts 

  

	 	•	 	 Buypass (First Data Merchant Services) – support for front end Petroleum and EBT accounts 

  

	 	•	 	 VeriSign (PayPal) – gateway used for Authorizations on some accounts 

  

	 	•	 	 ADS (Alliance Data Systems) – support for front end Petroleum accounts 

  

	 	•	 	 KeyBank – a Sponsor Bank 

  

	 	•	 	 Heartland Bank – a Sponsor Bank 

  

	 	•	 	 Bremer Bank – a Sponsor Bank 

  

  

			
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 SCHEDULE 6 
 ARBITRATION PROCESS 
  

	1.	The party asserting the Claim shall select one of the following arbitration organizations, which shall apply its rules in effect at the time the Claim is filed. In the event of an
inconsistency between this section and any rule or procedure of the arbitration organization, this section shall control. The party asserting the Claim shall simultaneously notify the other party of its selection. If American Express’s
selection is not acceptable to Service Agent, then Service Agent may select another of the following organizations within 30 days after its receives notice of American Express’s initial selection. Any arbitration hearing that Service Agent
attends shall take place in the federal judicial district where its headquarters is located. 

  

	 	•	 	 National Arbitration Forum (NAF); P.O. Box 50191, Minneapolis, MN 55404-0191; 1-800-474-2371; www.arbitration-forum.com 

 

	 	•	 	 American Arbitration Association (AAA):335 Madison Avenue, New York, NY 10017; 1-800-778-7879; www.adr.org 

  

	2.	IF ARBITRATION IS CHOSEN BY ANY PARTY WITH RESPECT TO A CLAIM, NEITHER PARTY SHALL HAVE THE RIGHT TO LITIGATE THAT CLAIM IN COURT OR HAVE A JURY TRIAL ON THAT CLAIM, OR TO ENGAGE IN
PRE-ARBITRATION DISCOVERY EXCEPT AS PROVIDED FOR IN THE RULES OR PROCEDURES OF NAF OR AAA, AS APPLICABLE. FURTHER, SERVICE AGENT SHALL NOT HAVE THE RIGHT TO PARTICIPATE IN A REPRESENTATIVE CAPACITY OR AS A MEMBER OF ANY CLASS OF CLAIMANTS PERTAINING
TO ANY CLAIM. NOTE THAT OTHER RIGHTS THAT IT WOULD HAVE IN COURT MAY ALSO NOT BE AVAILABLE IN ARBITRATION. 

  

	3.	All parties to the arbitration must be individually named. There will be no right or authority for any Claims to be arbitrated or litigated on a class-action or consolidated basis,
on behalf of the general public or other parties, or joined or consolidated with claims of other parties, and the parties are specifically barred from doing so. This prohibition is intended to, and does, preclude any trade association or other
organization from arbitrating any Claim on a representative basis on behalf of the organization’s members. The arbitrator’s authority to resolve Claims is limited to Claims between the parties alone, and the arbitrator’s authority to
make awards is limited to awards to the parties alone. 

  

	4.	The arbitrator shall have the power and authority to grant equitable relief (e.g., injunction, specific performance) and, cumulative with all other remedies, shall grant specific
performance whenever possible. The arbitrator shall have no power or authority to alter this Agreement or any of its separate provisions, including this section, nor to determine any matter or make any award except as provided in this section.

  

	5.	This section is made pursuant to a transaction involving interstate commerce and shall be governed by the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (FAA). The
arbitrator shall apply New York law and applicable statutes of limitations, honor claims of privilege recognized by law and, at the timely request of either party, provide a written and reasoned opinion explaining his or her decision. The arbitrator
shall apply the rules of the arbitration organization selected, as applicable to matters relating to evidence and discovery, not the federal or any state rules of civil procedure or rules of evidence. At any time within ninety (90) days after
the date of the 

  

  

			
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Arbitration Notice, the parties can make discovery requests of the other (including, but not limited to, requests for delivery of documents, production of
witnesses for testimony and delivery of interrogatory responses). The recipient of a discovery request shall have thirty (30) days after the receipt of such request to object to any or all portions of such request and make an application to the
arbitrator to limit the scope of such discovery request, and shall respond to any portions of such request not so objected to within thirty (30) days of the receipt of such request. All objections shall be in writing and shall indicate the
reasons for such objections. Within ten (10) business days after the end of the period for the submission by the requested party of an application to limit the discovery request, the arbitrator shall grant or deny such discovery request, in
whole or in part, to the extent the arbitrator determines such discovery is or is not, as the case may be, reasonably necessary to enable the requesting party to obtain information relevant to the dispute without unreasonably burdening the requested
party. The requested party shall comply with a discovery request granted by the arbitrator within twenty (20) business days after such discovery request is granted, or within such longer period as the arbitrator may determine upon application
of the requested party for extension thereof for reasonable cause. Neither party shall be permitted to make more than one application for discovery to the arbitrator. All depositions shall be taken in the city in which the person being deposed
resides or has its principal place of business, unless otherwise agreed by the parties. The arbitrator is not authorized to subpoena documents or perform independent investigations. Hearings must commence no later than six (6) months following
the date of the Arbitration Notice and such hearings shall be conducted for no more than ten (10) business days. 

  

	6.	The arbitrator’s decision shall be final and binding, except for any rights of appeal provided by the FAA or if the amount of the award exceeds US$100,000, either party can
appeal that award to a three-arbitrator panel administered by NAF or AAA, as applicable, which shall reconsider de novo any aspect of the initial award requested by majority vote and whose decision shall be final and binding. The decision of that
three person panel may be appealed as provided by the FAA. The costs of such an appeal shall be borne by the appellant regardless of the outcome of the appeal. The arbitration proceeding and all testimony, filings, documents, and any information
relating to or presented during the proceedings shall be deemed to be Confidential Information, not to be disclosed to any other party. Judgment upon the award rendered by the arbitrator may be entered in any state or federal court in the federal
judicial district where Service Agent’s headquarters or assets are located. 

  

	7.	All offers, promises, conduct, and statements, whether written or oral, made in the course of the negotiations, mediations, arbitrations, and proceedings to confirm arbitration
awards by either party, its agents, employees, experts or attorneys, or by the mediator or arbitrator, including any arbitration award or judgment related thereto, are confidential, privileged, and inadmissible for any purpose, including impeachment
or estoppel, in any other litigation or proceeding involving any of the parties or non-parties, provided that evidence that is otherwise admissible or discoverable shall not be rendered inadmissible or non-discoverable as a result of its use in the
negotiation, mediation, or arbitration. 

  

	8.	Either party may seek equitable relief in arbitration prior to arbitration on the merits to preserve the status quo pending completion of such process. This section may be enforced
by any court of competent jurisdiction, and the party seeking enforcement shall be entitled to an award of all costs, including legal fees, to be paid by the party against whom enforcement is ordered. 

  

  

			
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 SCHEDULE 7 
 AMERICAN EXPRESS MERCHANT BASE QUALIFICATION CRITERIA 
  

			
	 Performance Area
	    	 Required Performance

	Active New Merchants	    	 •       Program running nationwide for at least 6 months

  
 •       Signed at least ***** active Program Merchants
  
 •       Achieving nationwide average close rates of at least ***** for at least the past
60 days
  
 •       50% of new Program Merchants signed submit a transaction valued at $50 or more within 90 days of signing

		    
		
	Welcome Acceptance	    	 •       Active and signage suppression rates less than
14% for a statistically significant sample of merchants with a tenure of at least 90 days
  
 •       American Express acceptance score of 98% (i.e. 98% of sampled merchants) must
provide verbal confirmation of acceptance of Cards

	    
		
	Data Quality	    	 •       Satisfactory rating on a review of Program Merchant maintenance data

		
	Operations	    	 •       No substantive open issues for any major
operational area (onboarding, risk, settlement, statementing, etc..)
  
 •       Confirmation that Program Merchant satisfaction with the Program is at least comparable to satisfaction with Other Payment Products
  
 •       Satisfactory
quality and timeliness on all reports for last 90 days

		    
		    

 The parties shall measure Service Agent’s progress against the performance metrics above on a monthly basis,
beginning three months after the Program Launch Date, except to the extent a different measurement methodology is specified for particular performance criteria. 
  

* Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 406 under the
Securities Act of 1933, as amended. 
  

  

			
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 -41-Lease Agreement

 Exhibit 10.16 
 LEASE 
 (Single Tenant; Stand-Alone; Net) 
 BETWEEN 
 THE IRVINE COMPANY LLC

 AND 
 SENORX,
INC. 

 INDEX TO LEASE 
  

					
	 ARTICLE I. BASIC LEASE PROVISIONS
	  	1
		
	 ARTICLE II. PREMISES
	  	3
	 SECTION 2.1.
	  	LEASED PREMISES	  	3
	 SECTION 2.2.
	  	ACCEPTANCE OF PREMISES	  	3
	 SECTION 2.3.
	  	BUILDING NAME AND ADDRESS	  	3
		
	 ARTICLE III. TERM
	  	4
	 SECTION 3.1.
	  	GENERAL	  	4
	 SECTION 3.2.
	  	DELAY IN POSSESSION	  	4
	 SECTION 3.3.
	  	EARLY OCCUPANCY	  	4
	 SECTION 3.4.
	  	RIGHT TO EXTEND THIS LEASE	  	4
		
	 ARTICLE IV. RENT AND OPERATING EXPENSES
	  	5
	 SECTION 4.1.
	  	BASIC RENT	  	5
	 SECTION 4.2.
	  	OPERATING EXPENSES	  	5
	 SECTION 4.3.
	  	SECURITY DEPOSIT	  	8
	 SECTION 4.4.
	  	LETTER OF CREDIT	  	8
			
	 ARTICLE V. USES
	  		  	9
	 SECTION 5.1.
	  	USE	  	9
	 SECTION 5.2.
	  	SIGNS	  	9
	 SECTION 5.3.
	  	HAZARDOUS MATERIALS	  	10
		
	 ARTICLE VI. COMMON AREAS; SERVICES
	  	11
	 SECTION 6.1.
	  	UTILITIES AND SERVICES	  	11
	 SECTION 6.2.
	  	OPERATION AND MAINTENANCE OF COMMON AREAS	  	12
	 SECTION 6.3.
	  	USE OF COMMON AREAS	  	12
	 SECTION 6.4.
	  	PARKING	  	12
	 SECTION 6.5.
	  	CHANGES AND ADDITIONS BY LANDLORD	  	13
		
	 ARTICLE VII. MAINTAINING THE PREMISES
	  	13
	 SECTION 7.1.
	  	TENANT’S MAINTENANCE AND REPAIR	  	13
	 SECTION 7.2.
	  	LANDLORD’S MAINTENANCE AND REPAIR	  	13
	 SECTION 7.3.
	  	ALTERATIONS	  	14
	 SECTION 7.4.
	  	MECHANIC’S LIENS	  	15
	 SECTION 7.5.
	  	ENTRY AND INSPECTION	  	15
		
	 ARTICLE VIII. TAXES AND ASSESSMENTS ON TENANT’S PROPERTY
	  	15
		
	 ARTICLE IX. ASSIGNMENT AND SUBLETTING
	  	15
	 SECTION 9.1.
	  	RIGHTS OF PARTIES	  	15
	 SECTION 9.2.
	  	EFFECT OF TRANSFER	  	17
	 SECTION 9.3.
	  	SUBLEASE REQUIREMENTS	  	17
	 SECTION 9.4.
	  	CERTAIN TRANSFERS	  	17
		
	 ARTICLE X. INSURANCE AND INDEMNITY
	  	18
	 SECTION 10.1.
	  	TENANT’S INSURANCE	  	18
	 SECTION 10.2.
	  	LANDLORD’S INSURANCE	  	18
	 SECTION 10.3.
	  	TENANT’S INDEMNITY	  	18
	 SECTION 10.4.
	  	LANDLORD’S NONLIABILITY	  	19
	 SECTION 10.5.
	  	WAIVER OF SUBROGATION	  	19
		
	ARTICLE XI. DAMAGE OR DESTRUCTION	  	19
	 SECTION 11.1.
	  	RESTORATION	  	19
	 SECTION 11.2.
	  	LEASE GOVERNS	  	20
		
	 ARTICLE XII. EMINENT DOMAIN
	  	21
	 SECTION 12.1.
	  	TOTAL OR PARTIAL TAKING	  	21
	 SECTION 12.2.
	  	TEMPORARY TAKING	  	21
	 SECTION 12.3.
	  	TAKING OF PARKING AREA	  	21
		
	 ARTICLE XIII. SUBORDINATION; ESTOPPEL CERTIFICATE; FINANCIALS
	  	21
	 SECTION 13.1.
	  	SUBORDINATION	  	21
	 SECTION 13.2.
	  	ESTOPPEL CERTIFICATE	  	21
	 SECTION 13.3.
	  	FINANCIALS	  	22
		
	 ARTICLE XIV. EVENTS OF DEFAULT AND REMEDIES
	  	22
	 SECTION 14.1.
	  	TENANT’S DEFAULTS	  	22
	 SECTION 14.2.
	  	LANDLORD’S REMEDIES	  	23
	 SECTION 14.3.
	  	LATE PAYMENTS	  	24

  

 i 

					
	 SECTION 14.4.
	  	RIGHT OF LANDLORD TO PERFORM	  	24
	 SECTION 14.5.
	  	DEFAULT BY LANDLORD	  	24
	 SECTION 14.6.
	  	EXPENSES AND LEGAL FEES	  	24
	 SECTION 14.7.
	  	WAIVER OF JURY TRIAL/JUDICIAL REFERENCE	  	25
	 SECTION 14.8.
	  	SATISFACTION OF JUDGMENT	  	26
		
	 ARTICLE XV. END OF TERM
	  	26
	 SECTION 15.1.
	  	HOLDING OVER	  	26
	 SECTION 15.2.
	  	MERGER ON TERMINATION	  	26
	 SECTION 15.3.
	  	SURRENDER OF PREMISES; REMOVAL OF PROPERTY	  	26
		
	 ARTICLE XVI. PAYMENTS AND NOTICES
	  	27
		
	 ARTICLE XVII. RULES AND REGULATIONS
	  	27
		
	 ARTICLE XVIII. BROKER’S COMMISSION
	  	27
		
	 ARTICLE XIX. TRANSFER OF LANDLORD’S INTEREST
	  	27
		
	 ARTICLE XX. INTERPRETATION
	  	27
	 SECTION 20.1.
	  	GENDER AND NUMBER	  	27
	 SECTION 20.2.
	  	HEADINGS	  	27
	 SECTION 20.3.
	  	JOINT AND SEVERAL LIABILITY	  	27
	 SECTION 20.4.
	  	SUCCESSORS	  	27
	 SECTION 20.5.
	  	TIME OF ESSENCE	  	28
	 SECTION 20.6.
	  	CONTROLLING LAW/VENUE	  	28
	 SECTION 20.7.
	  	SEVERABILITY	  	28
	 SECTION 20.8.
	  	WAIVER AND CUMULATIVE REMEDIES	  	28
	 SECTION 20.9.
	  	INABILITY TO PERFORM	  	28
	 SECTION 20.10.
	  	ENTIRE AGREEMENT	  	28
	 SECTION 20.11.
	  	QUIET ENJOYMENT	  	28
	 SECTION 20.12.
	  	SURVIVAL	  	28
	 SECTION 20.13.
	  	INTERPRETATION	  	28
		
	 ARTICLE XXI. EXECUTION AND RECORDING
	  	28
	 SECTION 21.1.
	  	COUNTERPARTS	  	28
	 SECTION 21.2.
	  	CORPORATE, LIMITED LIABILITY COMPANY AND PARTNERSHIP AUTHORITY	  	28
	 SECTION 21.3.
	  	EXECUTION OF LEASE; NO OPTION OR OFFER	  	28
	 SECTION 21.4.
	  	RECORDING	  	29
	 SECTION 21.5.
	  	AMENDMENTS	  	29
	 SECTION 21.6.
	  	EXECUTED COPY	  	29
	 SECTION 21.7.
	  	ATTACHMENTS	  	29
		
	ARTICLE XXII. MISCELLANEOUS	  	29
	 SECTION 22.1.
	  	NONDISCLOSURE OF LEASE TERMS	  	29
	 SECTION 22.2.
	  		  	29
	 SECTION 22.3.
	  	CHANGES REQUESTED BY LENDER	  	29
	 SECTION 22.4.
	  	MORTGAGEE PROTECTION	  	29
	 SECTION 22.5.
	  	COVENANTS AND CONDITIONS	  	29
	 SECTION 22.6.
	  	SECURITY MEASURES	  	29
	 SECTION 22.7.
	  	SDN LIST	  	29
	 SECTION 22.8.
	  	JAMS	  	30
	 SECTION 22.9.
	  	APPROVALS	  	30

 EXHIBITS 

			
	 Exhibit A
	  	 Description of Premises

	 Exhibit B
	  	 Environmental Questionnaire

	 Exhibit C
	  	 Landlord’s Disclosures

	 Exhibit D
	  	 Insurance Requirements

	 Exhibit E
	  	 Rules and Regulations

	 Exhibit X
	  	 Work Letter

	 Exhibit Y
	  	 Site Plan

  

 ii 

 LEASE 
 (Single Tenant; Net) 
 THIS LEASE is made as of the 5th day of March, 2008 by and
between THE IRVINE COMPANY LLC, a Delaware limited liability company hereafter called “Landlord,” and SENORX, INC., a Delaware corporation, hereinafter called “Tenant.” 
 ARTICLE I. BASIC LEASE PROVISIONS 
 Each reference in this Lease to the “Basic Lease Provisions” shall mean and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

  

	1.	Premises: The Premises are more particularly described in Section 2.1. 

  

	2.	Address of Building: 3 Morgan, Irvine, CA 

  

	3.	Use of Premises: General office, warehouse, manufacturing, product testing, and research and development and any other use permitted under the applicable zoning ordinance, except
that no retail use shall be permitted. 

  

	4.	Commencement Date: November 1, 2008 

  

	5.	Expiration Date: January 31, 2014 

  

	6.	Basic Rent: Commencing on the Commencement Date, the Basic Rent shall be Forty Four Thousand Three Hundred Dollars ($44,300.00) per month, based on $1.07 per rentable square foot.

 Basic Rent is subject to adjustment as follows: 
 Commencing on November 1, 2009, the Basic Rent shall be Forty Five Thousand Nine Hundred Fifty-Six Dollars ($45,956.00) per month, based on $1.11 per rentable square foot. 
 Commencing on November 1, 2010, the Basic Rent shall be Forty Eight Thousand Twenty-Six Dollars ($48,026.00) per month, based on $1.16 per rentable
square foot. 
 Commencing on November 1, 2011, the Basic Rent shall be Fifty Thousand Ninety-Six Dollars ($50,096.00) per month, based
on $1.21 per rentable square foot. 
 Commencing on November 1, 2012, the Basic Rent shall be Fifty Two Thousand One Hundred Sixty-Seven
Dollars ($52,167.00) per month, based on $1.26 per rentable square foot. 
  

	7.	Guarantor(s): None 

  

	8.	Floor Area: Approximately 41,402 rentable square feet 

  

	9.	Security Deposit: $57,463.00 (see also Section 4.4 for Letter of Credit requirements). 

  

	10.	Broker(s): “Landlord’s Broker”: Irvine Realty Company  

       “Tenant’s Broker”: Studley 
  

	11.	Additional Insureds: None 

  

	12.	Address for Notices: 

  

			
	 LANDLORD
	  	 TENANT

	 THE IRVINE COMPANY LLC
 550 Newport Center
Drive
 Newport Beach, CA 92660
 Attn:  Senior Vice President, Operations
  Irvine Office Properties
  
 with a copy of notices to:
  
 THE IRVINE COMPANY LLC
 550 Newport Center Drive
 Newport Beach, CA 92660
 Attn: Vice President, Operations
  
	  	 Prior to the Commencement Date:
 SENORX, INC.

11 Columbia, Suite A
 Aliso Viejo, CA 92656
 Attn: Chief Financial Officer
  
 after the Commencement Date:
  
 SENORX, INC.

3 Morgan
 Irvine, CA 92618
 Attn: Chief Financial Officer

  

 1 

	
	 Irvine Office Properties,
 Technology Portfolio

  

	13.	Address for Payments: All payments due under this Lease shall be made to the address shown on the invoice for the payment due, or if no address is shown, to Landlord’s notice
address above. 

  

	14.	Tenant’s Liability Insurance Requirement: $2,000,000.00 

  

	15.	Vehicle Parking Spaces: All on-site parking, consisting of not less than one Hundred Thirty-Seven (137) spaces. 

  

 2 

 ARTICLE II. PREMISES 
 SECTION 2.1. LEASED PREMISES. Landlord leases to Tenant and Tenant leases from Landlord the premises shown in Exhibit A (the “Premises”), containing approximately the rentable square
footage set forth as the “Floor Area” in Item 8 of the Basic Lease Provisions. The Premises consist of all of the rentable square footage within the building identified in Item 1 of the Basic Lease Provisions (the Premises
together with such building and the underlying real property, are called the “Building”). The Building is located on the site shown on Exhibit Y (the “Site”). All references to “Floor Area” in this
Lease shall mean the rentable square footage set forth in Item 8 of the Basic Lease Provisions. The rentable square footage set forth in Item 8 may include or have been adjusted by various factors, including, without limitation, a load
factor for any vertical penetrations, stairwells or similar features or areas of the Building. Tenant agrees that the Floor Area set forth in Item 8 shall be binding on Landlord and Tenant for purposes of this Lease regardless of whether any
future or differing measurements of the Premises or the Building are consistent or inconsistent with the Floor Area set forth in Item 8. 
 SECTION 2.2. ACCEPTANCE OF PREMISES. Tenant acknowledges that neither Landlord nor any representative of Landlord has made any representation or warranty with respect to the Premises, the Building or the Site (except as expressly
provided in this Lease). Not by way of limitation of the foregoing, no representation or warranty has been made with respect to the suitability or fitness for any purposes of the Premises, the Building or the Site, nor regarding the compliance of
Tenant’s use of the Premises with the applicable zoning or regarding any other land use matters, and Tenant shall be solely responsible as to such matters. Further, that neither Landlord nor any representative of Landlord has made any
representations or warranties regarding (i) what other tenants or uses may be permitted or intended in the Building or the Site, (ii) any exclusivity of use by Tenant with respect to its permitted use of the Premises as set forth in
Item 3 of the Basic Lease Provisions, or (iii) any construction of portions of the Site not yet completed. Tenant further acknowledges that neither Landlord nor any representative of Landlord has agreed to undertake any alterations or
additions or to construct any improvements to the Premises except as expressly provided in this Lease, including for the “Tenant Improvements” to be constructed by Landlord pursuant to the Work Letter attached hereto as Exhibit
X (the “Work Letter”). Tenant further acknowledges that, although Landlord has no actual knowledge of issues respecting the existing flooring materials installed in the Premises, the flooring materials which may be installed
within the portions of the Premises located on the ground floor of the Building may be limited by the moisture content of the Building slab and underlying soils. As of the Commencement Date, Tenant shall be conclusively deemed to have accepted the
Premises and those portions of the Building and Site in which Tenant has any rights under this Lease, which acceptance shall mean that it is conclusively established that the Premises and those portions of the Building and Site in which Tenant has
any rights under this Lease were in satisfactory condition and in conformity with the provisions of this Lease, subject only to (A) those defective or incomplete portions of the Tenant Improvements which Tenant shall have itemized on a written
punch list and delivered to Landlord within thirty (30) days after the Commencement Date (as defined in Section 3.1) and (B) Landlord’s obligations expressly contained in Section 2.4 of this Lease. Nothing contained in this
Section shall affect the commencement of the Term or the obligation of Tenant to pay rent. Landlord shall diligently complete all punch list items of which it is notified as provided above. 
 SECTION 2.3. BUILDING NAME AND ADDRESS. Tenant shall not utilize any name selected by Landlord from time to time for the Building and/or the Site
as any part of Tenant’s corporate or trade name. Landlord shall have the right to change the name, address, number or designation of the Building or Site without liability to Tenant. Notwithstanding the foregoing, Landlord shall reimburse
Tenant for all reasonable out-of-pocket expenses incurred by Tenant, including, without limitation, Tenant’s costs of obtaining new business cards, stationery and informing Tenant’s customers and vendors of Tenant’s new address, not
to exceed Five Thousand Dollars ($5,000.00) in the aggregate, resulting from any changed name, address, number or designation of the Building or Site initiated by Landlord. 
 SECTION 2.4. LANDLORD’S RESPONSIBILITIES. 
 (a) Notwithstanding the provisions of Section 7.2 of this Lease, during the initial 63-month Term of this Lease (as same may be extended by Tenant pursuant to Section 3.3 below), Landlord agrees to repair
and/or replace, at its sole cost and expense and not as a “Site Cost”, all structural walls, foundations, structural elements of the roof of the Building, and underground utility pipes and and/or facilities serving the Building (the
“Structural Elements”). Notwithstanding the foregoing, Landlord’s obligation contained in this Section 2.4(a) to bear such costs and expenses shall not apply: (i) to the costs and expenses of periodic maintenance of
the Structural Elements, nor (ii) to the extent of the negligence or willful misconduct by Tenant, its employees, agents, contractors, licensees or invitees (in which case Tenant shall be responsible for the reasonable costs of such repairs
and/or replacements). Tenant shall give Landlord prompt notice when Tenant becomes aware of any repairs or replacements required of Landlord pursuant to this Section 2.4(a), and such repairs shall be made promptly following notice from Tenant.

 (b) Landlord warrants to Tenant as follows: (i) that the roof, plumbing, fire sprinkler system, lighting, heating, ventilation and
air conditioning systems and electrical systems serving the Premises shall be in good operating condition on the Commencement Date, and (ii) that the Premises shall be delivered to Tenant on the Commencement Date in a vacant and “broom
clean” condition. Provided that Tenant shall notify Landlord of any non-compliance with the foregoing warranties contained in subsections (i) and/or (ii) above not later than thirty (30) days following the Commencement Date, then
Landlord shall, except as otherwise provided in this Lease, promptly after receipt of written notice from Tenant setting forth the nature and extent of such non-compliance, rectify same at Landlord’s sole cost and expense and not as a Site
Cost. 
  

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 (c) Landlord shall correct, repair and/or replace any non-compliance of the Building, the Tenant
Improvements, and/or the Common Areas with all applicable building permits and codes in effect as of the date of the issuance of building permit(s) therefor, including without limitation, the provisions of Title III of the Americans With
Disabilities Act (“ADA”). Said costs of compliance shall be Landlord’s sole cost and shall not be part of Site Costs; including any costs of bringing to code compliance any portions of the Building, the Tenant Improvements
and/or the Common Areas which were in compliance when they were built but are nonetheless required by the applicable governmental entity to be upgraded to current codes, such upgrading requirement, however, not to be triggered as the result
of either Alterations by Tenant or by any further revisions or amendments to the codes themselves. Landlord shall correct, repair or replace any non-compliance of the Building, the Tenant Improvements and/or the Common Areas with any further
revisions or amendments to applicable building codes (including, without limitation, the ADA) becoming effective after the date of issuance of the applicable building permit(s) therefor, provided that, subject to the first sentence of this
Section 2.4(c), the amortized cost of such repairs or replacements (amortized over the useful life thereof in accordance with generally accepted accounting principles, consistently applied, and using a market cost of funds reasonably determined
by Landlord) shall be included as Site Costs payable by Tenant, and provided that any compliance work “triggered” by Landlord’s performance of the Tenant Improvements Work shall be Landlord’s sole cost. All other ADA compliance
issues which pertain to the Premises, including without limitation, in connection with Tenant’s construction of any Alterations or other improvements in the Premises (and any resulting ADA compliance requirements in the Common Areas if Landlord
shall consent to same as more particularly provided in Section 7.3 of this Lease) and the operation of Tenant’s business and employment practices in the Premises, shall be the responsibility of Tenant at its sole cost and expense. The
repairs, corrections or replacements required of Landlord or of Tenant under the foregoing provisions of this Section 2.4(c) shall be made promptly following notice of non-compliance from any applicable governmental agency. 
 ARTICLE III. TERM 
 SECTION 3.1.
GENERAL. Subject to the provisions of Section 3.2 below, the term of this Lease (“Term”) shall commence on the date set forth in Item 4 of the Basic Lease Provisions (the “Commencement Date”), and
shall expire on the date set forth in Item 5 of the Basic Lease Provisions (the “Expiration Date”); provided, however, that the Commencement Date shall be extended by that number days that the “Early Occupancy Date”
(as defined below) is delayed beyond August 1, 2008 due to the following reasons only: (A) Landlord’s default, gross negligence or willful misconduct in the performance of its obligations under the Work Letter, (B) the existence
of Hazardous Materials on or about the Premises as of the execution of this Lease, (C) the failure of the Premises to comply with applicable building codes, including without limitation the ADA, in effect as of the execution of this Lease, or
(D) any casualty or condemnation of the Premises as defined in Articles XI and XII of this Lease, respectively. 
 SECTION 3.2. DELAY
IN POSSESSION. If Landlord, for any reason whatsoever, cannot deliver possession of the Premises to Tenant on or before the “Early Occupancy Date” (as defined below) and/or Commencement Date as set forth in Item 4 of the Basic
Lease Provisions, this Lease shall not be void or voidable nor shall Landlord be liable to Tenant for any resulting loss or damage. However, Tenant shall not be liable for any rent and the Commencement Date shall not occur until Landlord tenders
possession of the Premises to Tenant. 
 SECTION 3.3. EARLY OCCUPANCY. Subject to the provisions of Section 3.2 above, Landlord
agrees that Tenant shall be permitted to occupy the Premises on that date (the “Early Occupancy Date”) on which all of the following have occurred: the Premises are tendered to Tenant with the tenant improvements to be constructed
by Landlord pursuant to the Work Letter (“Tenant Improvements”) substantially completed but for minor “punch list” matters that do not materially interfere with the use of the Premises for Tenant’s regular business
operations therein (provided Landlord has then obtained all governmental approvals required for the legal of occupancy for the Premises for the permitted use) (the “substantial completion” of the Tenant Improvements, or the Tenant
Improvements “substantially completed” herein), subject to the following terms and conditions: (a) concurrently with the execution and delivery of this Lease, and prior to any such early occupancy by Tenant, Tenant shall
deliver to Landlord the first installment of Basic Rent and Operating Expenses due under the Lease, the Security Deposit set forth in Item 9 of the Basic Lease Provisions and the required certificate(s) of insurance and a completed
Environmental Questionnaire (see Exhibit C attached hereto); (b) Tenant’s occupancy of the Premises prior to the Commencement Date shall be subject to all of the covenants and conditions on Tenant’s part contained in this Lease
(including, without limitation, the covenants contained in Sections 5.3, 6.1, 7.1, 7.3, 7.4, 10.1 and 10.3 of the Lease), except for the obligation to pay Basic Rent and Operating Expenses, and (c) Tenant shall contract and pay for all of its
electrical utility services during such early occupancy period. 
 SECTION 3.4. RIGHT TO EXTEND THIS LEASE. Provided that no Event of
Default has occurred and is continuing under any provision of this Lease, at the time of exercise of the extension right granted herein, and provided further that Tenant has not assigned its interest in this Lease or sublet more than twenty-five
percent (25%) of the Floor Area of the Premises (in the aggregate), to other than a “Permitted Transferee” (as hereinafter defined), then Tenant may extend the Term of this Lease for one (1) period of sixty (60) months.
Tenant shall exercise its right to extend the Term by and only by delivering to Landlord, not less than nine (9) months or more than twelve (12) months prior to the expiration date of the Term, Tenant’s irrevocable written notice of
its commitment to extend (the “Commitment Notice”). The Basic Rent payable under the Lease during any extension of the Term shall be determined as provided in the following provisions. 
 If Landlord and Tenant have not by then been able to agree upon the Basic Rent for the extension of the Term, then within one hundred twenty
(120) and ninety (90) days prior to the expiration date of the Term, Landlord shall notify Tenant in writing of the Basic Rent that would reflect the prevailing market rental rate for a 60-month 

  

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renewal of comparable space in the Irvine Spectrum (together with any increases thereof during the extension period) as of the commencement of the extension
period (“Landlord’s Determination”). Should Tenant disagree with the Landlord’s Determination, then Tenant shall, not later than twenty (20) days thereafter, notify Landlord in writing of Tenant’s determination
of those rental terms (“Tenant’s Determination”). Within ten (10) days following delivery of the Tenant’s Determination, the parties shall attempt to agree on an appraiser to determine the fair market rental. If the
parties are unable to agree in that time, then each party shall designate an appraiser within ten (10) days thereafter. Should either party fail to so designate an appraiser within that time, then the appraiser designated by the other party
shall determine the fair market rental. Should each of the parties timely designate an appraiser, then the two appraisers so designated shall appoint a third appraiser who shall, acting alone, determine the fair market rental for the Premises. Any
appraiser designated hereunder shall have an MAI certification with not less than five (5) years experience in the valuation of commercial industrial buildings in the vicinity of the Site. 
 Within thirty (30) days following the selection of the appraiser and such appraiser’s receipt of the Landlord’s Determination and the
Tenant’s Determination, the appraiser shall determine whether the rental rate determined by Landlord or by Tenant more accurately reflects the fair market rental rate for the 60-month renewal of the Lease for the Premises, as reasonably
extrapolated to the commencement of the extension period. Accordingly, either the Landlord’s Determination or the Tenant’s Determination shall be selected by the appraiser as the fair market rental rate for the extension period. In making
such determination, the appraiser shall consider rental comparables for the Irvine Spectrum, including, without limitation, factors for tenant improvement allowances or “free rent” provisions then being granted by landlords for renewals of
leases (which factors may equate to a corresponding adjustment to Base Rent), but the appraiser shall not attribute any factor for market tenant improvement allowances or brokerage commissions or any improvements paid for by Tenant in making its
determination of the fair market rental rate. At any time before the decision of the appraiser is rendered, either party may, by written notice to the other party, accept the rental terms submitted by the other party, in which event such terms shall
be deemed adopted as the agreed fair market rental. The fees of the appraiser(s) shall be borne entirely by the party whose determination of the fair market rental rate was not accepted by the appraiser. 
 Within twenty (20) days after the determination of the fair market rental, Landlord shall prepare an appropriate amendment to this Lease in
commercially reasonable form for the extension period, and Tenant shall execute and return same to Landlord within twenty (20) days after Tenant’s receipt of same. Should the fair market rental not be established by the commencement of the
extension period, then Tenant shall continue paying rent at the rate in effect during the last month of the initial Term, and a lump sum adjustment shall be made promptly upon the determination of such new rental. 
 If Tenant fails to timely exercise the extension right granted herein within the time period expressly set forth for exercise by Tenant in the initial
paragraph of this Section 3.4, Tenant’s right to extend the Term shall be extinguished and the Lease shall automatically terminate as of the expiration date of the Term, without any extension and without any liability to Landlord.
Tenant’s rights under this Section 3.4 shall belong solely to SenoRx, Inc., a Delaware corporation, and any attempted assignment or transfer of such rights other than to a “Permitted Transferee” shall be void and of no force and
effect. Tenant shall have no other right to extend the Term beyond the single sixty (60) month extension period created by this Section 3.4. Unless agreed to in a writing signed by Landlord and Tenant, any extension of the Term, whether
created by an amendment to this Lease or by a holdover of the Premises by Tenant, or otherwise, shall be deemed a part of, and not in addition to, any duly exercised extension period permitted by this Section 3.4. 
 ARTICLE IV. RENT AND OPERATING EXPENSES 
 SECTION 4.1. BASIC RENT. From and after the Commencement Date, Tenant shall pay to Landlord without deduction or offset, the rental amount for the Premises shown in Item 6 of the Basic Lease Provisions (the “Basic
Rent”), including subsequent adjustments, if any. If the Commencement Date is other than the first day of the calendar month, any rental adjustments shown in Item 6 occurring with reference to the monthly anniversary of the
Commencement Date, shall be deemed to occur on the first day of the next calendar month following the specified monthly anniversary of the Commencement Date. The rent shall be due and payable in advance commencing on the Commencement Date (as
prorated for any partial month) and continuing thereafter on the first day of each successive calendar month of the Term. No demand, notice or invoice shall be required for the payment of Basic Rent. An installment of rent in the amount of one
(1) full month’s Basic Rent at the initial rate specified in Item 6 of the Basic Lease Provisions and one (1) month’s estimated Tenant’s Share of Operating Expenses (as defined in Section 4.2) shall be delivered to
Landlord concurrently with Tenant’s execution of this Lease and shall be applied against the Basic Rent and Operating Expenses first due hereunder. 
 SECTION 4.2. OPERATING EXPENSES. 
 (a) From and after the Commencement Date, Tenant shall pay to
Landlord, as additional rent, Tenant’s Share of all Operating Expenses, as defined in Section 4.2(f), incurred by Landlord in the operation of the Building and the Site. The term “Tenant’s Share” means one hundred
percent (100%) of any Operating Expenses reasonably determined by Landlord to benefit or relate substantially to the Building and/or the Site, plus an allocated portion of any Operating Expenses, as reasonably determined from time to time by
Landlord, which benefit or relate both to the Building or the Site and to other projects owned by Landlord and/or its affiliates. In the event that any management and/or overhead fee payable or imposed by Landlord for the management of Tenant’s
Premises is calculated as a percentage of the rent payable by Tenant, then the full amount of such management and/or overhead 

  

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fee which is attributable to the rent paid by Tenant shall be additional rent payable by Tenant, in full, provided, however, that Landlord may elect to
include such full amount as part of Tenant’s Share of Operating Expenses. 
 (b) Prior to the start of each full Expense Recovery Period
(as defined in this Section 4.2), Landlord shall give Tenant a written estimate of the amount of Tenant’s Share of Operating Expenses for the applicable Expense Recovery Period. Any delay or failure by Landlord in providing such estimate
shall not relieve Tenant from its obligation to pay Tenant’s Share of Operating Expenses or estimated amounts thereof, if and when Landlord provides such estimate or final payment amount. Tenant shall pay the estimated amounts to Landlord in
equal monthly installments, in advance concurrently with payments of Basic Rent. If Landlord has not furnished its written estimate for any Expense Recovery Period by the time set forth above, Tenant shall continue to pay monthly the estimated
Tenant’s Share of Operating Expenses in effect during the prior Expense Recovery Period; provided that when the new estimate is delivered to Tenant, Tenant shall, at the next monthly payment date, pay any accrued estimated Tenant’s Share
of Operating Expenses based upon the new estimate. For purposes hereof, “Expense Recovery Period” shall mean every twelve month period during the Term (or portion thereof for the first and last lease years) commencing July 1
and ending June 30, provided that Landlord shall have the right to change the date on which an Expense Recovery Period commences in which event appropriate reasonable adjustments shall be made to Tenant’s Share of Operating Expenses so
that the amount payable by Tenant shall not materially vary as a result of such change. 
 (c) Within one hundred twenty (120) days
after the end of each Expense Recovery Period, Landlord shall furnish to Tenant a statement (a “Reconciliation Statement”) showing in reasonable detail the actual or prorated Tenant’s Share of Operating Expenses incurred by
Landlord during such Expense Recovery Period, and the parties shall within thirty (30) days thereafter make any payment or allowance necessary to adjust Tenant’s estimated payments of Tenant’s Share of Operating Expenses, if any, to
the actual Tenant’s Share of Operating Expenses as shown by the Reconciliation Statement. Any delay or failure by Landlord in delivering any Reconciliation Statement shall not constitute a waiver of Landlord’s right to require Tenant to
pay Tenant’s Share of Operating Expenses pursuant hereto. Any amount due Tenant shall be credited against installments of Basic Rent and Operating Expenses next coming due, and any deficiency shall be paid by Tenant together with the next
installment of Basic Rent. Should Tenant fail to object in writing to Landlord’s determination of Tenant’s Share of Operating Expenses or fail to give written notice of its intent to audit Landlord’s Operating Expenses pursuant to the
provisions of the next succeeding paragraph within one hundred eighty (180) days following delivery of Landlord’s Reconciliation Statement, Landlord’s determination of Tenant’s Share of Operating Expenses for the applicable
Expense Recovery Period shall be conclusive and binding on the parties for all purposes and any future claims to the contrary shall be barred. 
 Provided no Event of Default has occurred and is continuing, Tenant shall have the right to cause a certified public accountant, engaged on a non-contingency fee basis, to audit Operating Expenses by inspecting Landlord’s general
ledger of expenses not more than once during any Expense Recovery Period. However, to the extent that insurance premiums or any other component of Operating Expenses is determined by Landlord on the basis of an internal allocation of costs utilizing
information Landlord in good faith deems proprietary, such expense component shall not be subject to audit so long as it does not exceed the amount per square foot typically imposed by landlords of other first class business parks in Orange County,
California. Tenant shall give notice to Landlord of Tenant’s intent to audit within one hundred eighty (180) days after Tenant’s receipt of Landlord’s expense statement which sets forth Tenant’s Share of Landlord’s
actual Operating Expenses. Such audit shall be conducted at a mutually agreeable time during normal business hours at the office of Landlord or its management agent where such accounts are maintained. If Tenant’s audit determines that actual
Operating Expenses have been overstated by more than five percent (5%), then subject to Landlord’s right to review and/or contest the audit results, Landlord shall reimburse Tenant for the reasonable out-of-pocket costs of such audit.
Tenant’s rent shall be appropriately adjusted to reflect any overstatement in Operating Expenses. In the event of a dispute between Landlord and Tenant regarding such audit, such dispute shall be submitted and resolved by binding arbitration
pursuant to Section 22.8 below. All of the information obtained by Tenant and/or its auditor in connection with such audit, as well as any compromise, settlement, or adjustment reached between Landlord and Tenant as a result thereof, shall be
held in strict confidence and, except as may be required pursuant to litigation, shall not be disclosed to any third party, directly or indirectly, by Tenant or its auditor or any of their officers, agents or employees. Landlord may require
Tenant’s auditor to execute a separate confidentiality agreement affirming the foregoing as a condition precedent to any audit. In the event of a violation of this confidentiality covenant in connection with any audit, then in addition to any
other legal or equitable remedy available to Landlord, Tenant shall forfeit its right to any reconciliation or cost reimbursement payment from Landlord due to said audit (and any such payment theretofore made by Landlord shall be promptly returned
by Tenant), and Tenant shall have no further audit rights under this Lease. Notwithstanding the foregoing, Tenant shall have no right of audit with respect to any Expense Recovery Period unless the total Operating Expenses per square foot for such
Expense Recovery Period, as set forth in Landlord’s annual expense reconciliation, exceed the total Operating Expenses per square foot during the initial Expense Recovery Period during the Term, as increased by the percentage change in the
United States Department of Labor, Bureau of Labor Statistics, Consumer Price Index for all Urban Consumers, San Francisco – Oakland – San Jose Area Average, all items (1982-84 = 100) (the “Index”), which change in the
Index shall be measured by comparing the Index published for January of the initial Expense Recovery Period during the Term with the Index published for January of the applicable Expense Recovery Period. 
 (d) Even though this Lease has terminated and the Tenant has vacated the Premises, when the final determination is made of Tenant’s Share of
Operating Expenses for the Expense Recovery Period in which this Lease terminates, Tenant shall within thirty (30) days of written notice pay the entire increase over the estimated Tenant’s Share of Operating Expenses already paid.
Conversely, any overpayment by Tenant shall be rebated by Landlord to Tenant not later than thirty (30) days after such final determination. 
  

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 (e) If, at any time during any Expense Recovery Period, any one or more of the Operating Expenses are
increased to a rate(s) or amount(s) in excess of the rate(s) or amount(s) used in calculating the estimated Tenant’s Share of Operating Expenses for the year, then the estimate of Tenant’s Share of Operating Expenses may be increased by
written notice from Landlord for the month in which such rate(s) or amount(s) becomes effective and for all succeeding months by an amount equal to the estimated amount of Tenant’s Share of the increase. If Landlord gives Tenant written notice
of the amount or estimated amount of the increase and the month in which the increase will or has become effective, then Tenant shall pay the increase to Landlord as a part of Tenant’s monthly payments of the estimated Tenant’s Share of
Operating Expenses as provided in Section 4.2(b), commencing with the month following delivery of Landlord’s notice. In addition, Tenant shall pay upon written request any such increases which were incurred prior to the Tenant commencing
to pay such monthly increase. 
 (f) The term “Operating Expenses” shall mean and include all Site Costs, as defined in
subsection (g), and Property Taxes, as defined in subsection (h). 
 (g) The term “Site Costs” shall mean all expenses of
operation, management, repair, replacement and maintenance of the Building and the Site, including without limitation all appurtenant Common Areas (as defined in Section 6.2), and shall include the following charges by way of illustration but
not limitation: water and sewer charges; insurance premiums and deductibles and/or reasonable premium and deductible equivalents should Landlord elect to self-insure all or any portion of any risk that Landlord is authorized to insure hereunder
(provided, however, that Tenant’s Share of any such deductible or deductible equivalent shall not exceed the amount of One Hundred Thousand Dollars ($100,000.00) per occurrence for any casualty); license, permit, and inspection fees (but
excluding business management and/or broker licenses); light; power; window washing; trash pickup; heating, ventilating and air conditioning; supplies; materials; equipment; tools; the cost of any insurance, tax or other consultant utilized by
Landlord in connection with the Building and/or Site; establishment of reasonable reserves for replacements and/or repairs (provided, however, that Landlord shall first exhaust such reserves in performing such replacement or repair work and Landlord
shall only be entitled to include, as a Site Cost, only the amount by which the cost to perform such work exceeds the existing reserve as amortized pursuant to the applicable provisions hereof); costs incurred in connection with compliance with any
laws or changes in laws becoming effective after the Commencement Date applicable to the Building or the Site (provided that, except for laws or changes in laws that pertain particularly to Tenant or to Tenant’s particular use of the Premises
(which shall be the sole responsibility of Tenant at its cost), to the extent such laws or change in laws require expenditures of a “capital” nature (as determined by generally accepted accounting principles, consistently applied), then
such “capital” expenditure shall be amortized (using a market cost of funds as reasonably determined by Landlord) over the useful life of such asset and only the amortized cost thereof shall be includable in Site Costs during the remaining
Term of the Lease); the cost of any capital expenditures or replacements in accordance with generally accepted accounting principles, consistently applied (other than tenant improvements for specific tenants) to the extent of the amortized amount
thereof over the useful life of such capital expenditures or replacements (or, if such capital expenditures are anticipated to achieve a cost savings as to the Operating Expenses, any shorter estimated period of time over which the cost of the
capital expenditures would be recovered from the estimated cost savings) in accordance with generally accepted accounting principles, consistently applied, calculated at a market cost of funds, all as reasonably determined by Landlord, for each year
of useful life or shorter recovery period of such capital expenditure whether such capital expenditure occurs prior to or during the Term (provided, however, that Project Costs for capital expenditures which have occurred prior to the
Commencement Date, exclusive of roof reserves, shall not exceed the annualized amount of Eleven Thousand Twelve Dollars ($11,012.00), that is, the annualized amount of the amortization component of Project Costs for the Expense Recovery Period ended
June 30, 2008); costs associated with the maintenance of an air conditioning, heating and ventilation service agreement; labor; reasonably allocated wages and salaries, fringe benefits, and payroll taxes for administrative and other personnel
directly applicable to the Building and/or Site, including both Landlord’s personnel and outside personnel; any expense incurred pursuant to Sections 6.1, 6.2, 6.4, 7.2, and 10.2; and a market competitive overhead and/or management fees for the
professional operation of the Building and the Site. It is understood and agreed that Site Costs may include competitive charges for direct services (including, without limitation, management and/or operations services) provided by any subsidiary,
division or affiliate of Landlord. Notwithstanding anything to the contrary herein, “Site Costs” shall not include and Tenant shall in no event have any obligation to perform or to pay directly, or to reimburse Landlord for, all or any
portion of the following repairs, maintenance, improvements, replacements, premiums, claims, losses, fees, charges, costs and expenses (collectively, “Costs”): (i) Costs occasioned by the breach by Landlord of any of its
obligations under this Lease; (ii) Costs of any renovation, improvements, painting or redecorating of any leasable space within the Site not made available for Tenant’s use; (iii) Costs incurred in connection with negotiations or
disputes with any other occupant of the Site; (iv) Costs incurred in connection with the presence of any Hazardous Material, except to the extent Tenant is responsible therefor pursuant to Section 5.3 of this Lease; (v) interest,
charges and fees incurred on debt incurred by Landlord; (vi) Costs occasioned by casualties or by the exercise of the power of eminent domain (as described in Sections 11.1(a) and 12.1 of this Lease, respectively); (viii) Costs for
which Landlord is responsible as expressly provided in Section 2.4 of this Lease (or elsewhere in this Lease, where such condition is set forth as Landlord’s “sole cost and expense”); (ix) Costs which could properly be
capitalized under generally accepted accounting principles, consistently applied, except to the extent amortized over the useful life of the item in question as set forth above and (x) Costs occasioned by the violation of any law by Landlord,
its authorized agents, employees or contractors. 
 (h) The term “Property Taxes” as used herein shall include any form of
federal, state, county or local government or municipal taxes, fees, charges or other impositions of every kind (whether general, special, ordinary or extraordinary) related to the ownership, leasing or operation of the Premises, Building or Site,
including without limitation, the following: (i) all real estate taxes or personal property taxes levied against the Premises, the Building or Site, as such property taxes may be reassessed from time to time; and (ii) other taxes, charges
and assessments which are levied with respect to this Lease or to the Building and/or the Site, and any improvements, fixtures and 

  

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equipment and other property of Landlord located in the Building and/or the Site, (iii) all assessments and fees for public improvements, services, and
facilities and impacts thereon, including without limitation arising out of any Community Facilities Districts, “Mello Roos” districts, similar assessment districts, and any traffic impact mitigation assessments or fees; (iv) any tax,
surcharge or assessment which shall be levied in addition to or in lieu of real estate or personal property taxes, other than taxes covered by Article VIII; and (v) taxes based on the receipt of rent (including gross receipts or sales taxes
applicable to the receipt of rent), and (vi) costs and expenses incurred in contesting the amount or validity of any Property Tax by appropriate proceedings. Notwithstanding the foregoing, general net income or franchise taxes imposed against
Landlord shall be excluded, and “Property Taxes” shall not include and Tenant shall not be required to pay any portion of any tax or assessment expense or any increase therein (i) in excess of the amount which would be payable
if such tax or assessment expense were paid in installments over the longest permitted term; (ii) imposed on land and improvements other than the Building or the Site; or (iii) attributable to Landlord’s inheritance, gift or estate
taxes. 
 SECTION 4.3. SECURITY DEPOSIT. Concurrently with Tenant’s delivery of this Lease, Tenant shall deposit with Landlord
the sum, if any, stated in Item 9 of the Basic Lease Provisions, to be held by Landlord as security for the full and faithful performance of all of Tenant’s obligations under this Lease (the “Security Deposit”). Landlord
shall not be required to keep this Security Deposit separate from its general funds, and Tenant shall not be entitled to interest on the Security Deposit. Subject to the last sentence of this Section, the Security Deposit shall be understood and
agreed to be the property of Landlord upon Landlord’s receipt thereof, and may be utilized by Landlord in its sole and absolute discretion towards the payment of all expenses by Landlord for which Tenant would be required to reimburse Landlord
under this Lease, including without limitation brokerage commissions and Tenant Improvement costs. Upon any Event of Default by Tenant (as defined in Section 14.1), Landlord may, in its sole and absolute discretion and notwithstanding any
contrary provision of Civil Code Section 1950.7, retain, use or apply the whole or any part of the Security Deposit to pay any sum which Tenant is obligated to pay under this Lease including, without limitation, amounts estimated by Landlord as
the amounts due it for prospective rent and for damages pursuant to Section 14.2(a)(i) of this Lease and/or Civil Code Section 1951.2, sums that Landlord may expend or be required to expend by reason of the Event of Default by Tenant or
any loss or damage that Landlord may suffer by reason of the Event of Default or costs incurred by Landlord in connection with the repair or restoration of the Premises pursuant to Section 15.3 of this Lease upon expiration or earlier
termination of this Lease. In no event shall Landlord be obligated to apply the Security Deposit upon an Event of Default and Landlord’s rights and remedies resulting from an Event of Default, including without limitation, Tenant’s failure
to pay Basic Rent, Tenant’s Share of Operating Expenses or any other amount due to Landlord pursuant to this Lease, shall not be diminished or altered in any respect due to the fact that Landlord is holding the Security Deposit. If any portion
of the Security Deposit is applied by Landlord as permitted by this Section, Tenant shall within five (5) days after written demand by Landlord deposit cash with Landlord in an amount sufficient to restore the Security Deposit to its original
amount. If Tenant fully performs its obligations under this Lease, the Security Deposit shall be returned to Tenant (or, at Landlord’s option, to the last assignee of Tenant’s interest in this Lease) within thirty (30) days after the
expiration of the Term. 
 SECTION 4.4. LETTER OF CREDIT. In addition to the Security Deposit and as security hereunder, Tenant shall
deliver to Landlord, concurrently with Tenant’s execution of this Lease, an irrevocable standby Letter of Credit in the amount of One Hundred Fourteen Thousand Six Hundred Eighty-Six Dollars ($114,686.00) (the “Letter of
Credit”). The Letter of Credit shall be in form and with the substance of EXHIBIT F attached hereto (or otherwise acceptable to Landlord), and shall be issued by a financial institution acceptable to Landlord. The Letter of Credit
shall be maintained in full force and effect through that date which is thirty (30) days after the Expiration Date of the Term of this Lease (including any extensions of the Term as provided in this Lease). In the event the Letter of Credit is
not renewed by the issuing financial institution (or in the event that Tenant shall not deliver a replacement Letter of Credit from another financial institution acceptable to Landlord) on or before thirty (30) days prior to the then-scheduled
expiration date of the Letter of Credit, then Landlord shall have the right to draw the full amount of such Letter of Credit and to hold such amount as part of the Security Deposit pursuant to Section 4.3 of this Lease. Upon any “Event of
Default” by Tenant (as hereinafter defined), Landlord shall be entitled to draw upon said Letter of Credit by the issuance of Landlord’s sole written demand to the issuing financial institution, which draw shall be in an amount necessary
to pay any sum which Tenant is obligated to pay under this Lease notwithstanding any contrary provision of Civil Code Section 1950.7, including, without limitation, amounts estimated by Landlord as the amounts due for prospective rent and for
damages pursuant to Section 14.2(a)(i) of this Lease and/or Civil Code Section 1951.2, sums that Landlord may expend or be required to expend by reason of the Event of Default by Tenant or any loss or damage that Landlord may suffer by
reason of the Event of Default, or costs incurred by Landlord in connection with the repair or restoration of the Premises pursuant to Section 15.3 of this Lease upon expiration or earlier termination of this Lease. Landlord shall only draw
upon the Letter of Credit following an Event of Default and only to the extent required to cure the Event of Default, but if the amount of such draw cannot be readily determined by Landlord, then the full amount of the Letter of Credit may be drawn
by Landlord pending determination of said amount. Notwithstanding the foregoing, while the amount of any such draw shall be solely determined by Landlord as provided in the foregoing, if the amount of any such draw(s) shall ultimately exceed the
amount of damages actually incurred by Landlord as the result of Tenant’s default (as determined pursuant to the applicable provisions of Article XIV of this Lease), then Landlord shall promptly refund any such excess to Tenant. Any such draw
shall be without waiver or any rights Landlord may have under this Lease or at law or in equity as a result of the default, as a setoff for full or partial compensation for the default. If any portion of the Letter of Credit is drawn after a default
by Tenant, Tenant shall within five (5) days after written demand by Landlord restore the Letter of Credit. Failure to so restore said Letter of Credit within said five (5) days shall be a default by Tenant under this Lease. Partial
drawings upon said Letter of Credit shall be permitted. In the event that Landlord draws upon the Letter of Credit solely due to Tenant’s failure to renew the Letter of Credit at least thirty (30) days before its expiration (i) such
failure to renew shall not constitute a default hereunder and (ii) Tenant shall at any time thereafter be entitled to provide Landlord with a replacement Letter of Credit that satisfies 

  

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the requirements hereunder, at which time Landlord shall return the cash proceeds of the original Letter of Credit drawn by Landlord. 
 Provided that: (a) no Event of Default has occurred at any time during the Term of this Lease and (b) Tenant shall demonstrate by the delivery
to Landlord of its audited financial statements (prepared by a nationally-recognized accounting firm) that Tenant has achieved positive net income (as determined by generally accepted accounting principles, consistently applied) for any of
Tenant’s fiscal years commencing with the fiscal year ended December 31, 2009 then, upon written request of Tenant, Landlord shall authorize a reduction to the principal amount of the Letter of Credit in the amount of Fifty Seven Thousand
Three Hundred Eighty-Three Dollars ($57,383.00); and if Tenant satisfies the condition described in Subsection (a) above and shall demonstrate by the delivery of its audited financial statement (described in Subsection (b) above)
that Tenant has again achieved positive net income (as determined by generally accepted accounting principles, consistently applied) for any subsequent fiscal year during the Term then, upon the written request of Tenant, Landlord shall authorize a
full exoneration and release of the Letter of Credit. 
 ARTICLE V. USES 
 SECTION 5.1. USE. Tenant shall use the Premises only for the purposes stated in Item 3 of the Basic Lease Provisions, all in accordance with
applicable laws and restrictions and pursuant to approvals to be obtained by Tenant from all relevant and required governmental agencies and authorities. The parties agree that any contrary use shall be deemed to cause material and irreparable harm
to Landlord and shall entitle Landlord to injunctive relief in addition to any other available remedy. Tenant, at its expense, shall procure, maintain and make available for Landlord’s inspection throughout the Term, all governmental approvals,
licenses and permits required for the proper and lawful conduct of Tenant’s permitted use of the Premises. Tenant shall not use or allow the Premises to be used for any unlawful purpose, nor shall Tenant permit any nuisance or commit any waste
in the Premises or the Site. Tenant shall not perform any work or conduct any business whatsoever in the Site other than inside the Premises. Tenant shall not do or permit to be done anything which will invalidate or increase the cost of any
insurance policy(ies) covering the Building, the Site and/or their contents unless Tenant pays for such increase, and shall comply with all applicable insurance underwriters rules. Tenant shall comply at its expense with all present and future laws,
ordinances, restrictions, regulations, orders, rules and requirements of all governmental authorities that pertain to Tenant or its use of the Premises, including without limitation all federal and state occupational health and safety requirements,
whether or not Tenant’s compliance will necessitate expenditures or interfere with its use and enjoyment of the Premises. Tenant shall comply at its expense with all existing covenants, conditions, easements or restrictions now or hereafter
affecting or encumbering the Building and/or Site, including without limitation the payment by Tenant of any periodic or special dues or assessments charged against the Premises or Tenant which may be allocated to the Premises or Tenant in
accordance with the provisions thereof. Tenant shall also comply at its expense with any future amendments or modifications to such existing covenants, conditions, easements or reservations, and with any future covenants, conditions, easements or
restrictions hereafter affecting or encumbering the Building and/or the Site, provided same do not materially impair Tenant’s use and enjoyment of the Premises. Tenant shall promptly upon demand reimburse Landlord for any additional insurance
premium charged by reason of Tenant’s failure to comply with the provisions of this Section, and shall indemnify Landlord from any liability and/or expense resulting from Tenant’s noncompliance. Notwithstanding anything to the contrary
contained in this Section 5.1, in the event Tenant’s obligation for compliance with all future and present laws, ordinances, restrictions, regulations, orders, rules and requirements of all governmental authorities, and with all present
and future covenants, conditions, easements or restrictions now or hereafter affecting or encumbering the Building and/or the Site, results in a “capital” expenditure (as determined by generally accepted accounting principles, consistently
applied) on Tenant’s part (or Tenant’s being obligated to reimburse Landlord for a “capital” expenditure), Tenant shall only be responsible for the amortized cost of such “capital” expenditure (amortized at a market
cost of funds as reasonably determined by Landlord) over the useful life of said improvement during the Term, except in the event each obligation for capital expenditure is required due to Tenant’s particular use of the Premises (in which case
Tenant shall be fully responsible for the entire cost of such “capital” expenditure). 
 SECTION 5.2. SIGNS. Provided Tenant
or any Permitted Transferee continues to lease the entire Building: (i) Tenant shall have the exclusive right to one (1) exterior top of Building sign on the side of the Building facing Morgan, for Tenant’s name and/or graphics,
subject to Landlord’s right of prior approval that such exterior signage is in compliance with the Signage Criteria (defined below), and (ii) Landlord will not place or authorize to be placed any other signs on or about the Site, other
than directional signs in the Common Areas, without the prior written consent of Tenant. Except as provided in the foregoing, and for signage within the lobby of the Premises which shall be subject to Landlord’s prior right of approval of the
specifications therefor, and for Landlord’s standard suite signage identifying Tenant’s name and/or logo and installed at a location designated by Landlord, Tenant shall have no right to maintain signs in any location in, on or about the
Premises, the Building or the Site and shall not place or erect any signs that are visible from the exterior of the Building. The size, design, graphics, material, style, color and other physical aspects of any permitted sign shall be subject to
Landlord’s written determination, as determined solely by Landlord, prior to installation, that signage is in compliance with any covenants, conditions or restrictions encumbering the Premises and Landlord’s signage program for the Site,
as in effect from time to time and approved by the City in which the Premises are located (“Signage Criteria”). Prior to placing or erecting any such signs, Tenant shall obtain and deliver to Landlord a copy of any applicable
municipal or other governmental permits and approvals and comply with any applicable insurance requirements for such signage. Tenant shall be responsible for all costs of any permitted sign, including, without limitation, the fabrication,
installation, maintenance and removal thereof and the cost of any permits therefor. If Tenant fails to maintain its sign in good condition, or if Tenant fails to remove same upon termination of this Lease and repair and restore any damage caused by
the sign or its removal, Landlord may do so at Tenant’s expense. Landlord shall have the right to temporarily remove any signs in connection with any repairs or maintenance in or upon the Building. The term 

  

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“sign” as used in this Section shall include all signs, designs, monuments, displays, advertising materials, logos, banners, projected images,
pennants, decals, pictures, notices, lettering, numerals or graphics. 
 SECTION 5.3. HAZARDOUS MATERIALS. 
 (a) For purposes of this Lease, the term “Hazardous Materials” means (i) any “hazardous material” as defined in
Section 25501(o) of the California Health and Safety Code, (ii) hydrocarbons, polychlorinated biphenyls or asbestos, (iii) any toxic or hazardous materials, substances, wastes or materials as defined pursuant to any other applicable
state, federal or local law or regulation, and (iv) any other substance or matter which may result in liability to any person or entity as a result of such person’s possession, use, storage, release or distribution of such substance or
matter under any statutory or common law theory. 
 (b) Tenant shall not cause or knowingly permit its agents, employees, contractors,
licensees or invitees to bring upon, store, use, generate, release or dispose of any Hazardous Materials on, under, from or about the Premises (including without limitation the soil and groundwater thereunder) without the prior written consent of
Landlord, which consent may be given or withheld in Landlord’s sole and absolute discretion. Notwithstanding the foregoing, Tenant shall have the right, without obtaining prior written consent of Landlord, to utilize within the Premises a
reasonable quantity of standard office products that may contain Hazardous Materials (such as photocopy toner, “White Out”, and the like), provided however, that (i) Tenant shall maintain such products in their original
retail packaging, shall follow all instructions on such packaging with respect to the storage, use and disposal of such products, and shall otherwise comply with all applicable laws with respect to such products, and (ii) all of the other terms
and provisions of this Section 5.3 shall apply with respect to Tenant’s storage, use and disposal of all such products. Additionally, Tenant shall be permitted to use such Hazardous Materials in such quantities and in such manner as
described in the Environmental Questionnaire (defined below). Landlord may, in its sole and absolute discretion, place such conditions as Landlord deems appropriate with respect to Tenant’s use, storage and/or disposal of any other Hazardous
Materials requiring Landlord’s consent. Tenant understands that Landlord may utilize an environmental consultant to assist in determining conditions of approval in connection with the storage, use, release, and/or disposal of Hazardous
Materials by Tenant on or about the Premises, and/or to conduct periodic inspections of the storage, generation, use, release and/or disposal of such Hazardous Materials by Tenant on and from the Premises, and, in the event any violations of this
Section 5.3 are found, then Tenant agrees that any costs incurred by Landlord in connection therewith shall be reimbursed by Tenant to Landlord as additional rent hereunder upon demand. 
 (c) Prior to the execution of this Lease, Tenant shall complete, execute and deliver to Landlord an Environmental Questionnaire and Disclosure Statement
(the “Environmental Questionnaire”) in the form of Exhibit B attached hereto. The completed Environmental Questionnaire shall be deemed incorporated into this Lease for all purposes, and Landlord shall be entitled to
rely fully on the information contained therein. On each anniversary of the Commencement Date until the expiration or sooner termination of this Lease, Tenant shall disclose to Landlord in writing the names and amounts of all Hazardous Materials
which were stored, generated, used, released and/or disposed of on, under or about the Premises by Tenant or its agents, employees, contractors, licensees or invitees for the twelve-month period prior thereto, and which Tenant desires to store,
generate, use, release and/or dispose of on, under or about the Premises for the succeeding twelve-month period. In addition, to the extent Tenant is permitted to utilize Hazardous Materials upon the Premises, Tenant shall promptly provide Landlord
with complete and legible copies of all the following environmental documents relating thereto: reports filed pursuant to any self-reporting requirements; permit applications, permits, monitoring reports, emergency response or action plans,
workplace exposure and community exposure warnings or notices and all other reports, disclosures, plans or documents (even those which may be characterized as confidential) relating to water discharges, air pollution, waste generation or disposal,
and underground storage tanks for Hazardous Materials; orders, reports, notices, listings and correspondence (even those which may be considered confidential) of or concerning the release, investigation, compliance, cleanup, remedial and corrective
actions, and abatement of Hazardous Materials; and all complaints, pleadings and other legal documents filed by or against Tenant related to Tenant’s storage, generation, use, release and/or disposal of Hazardous Materials. 
 (d) Landlord and its agents shall have the right, but not the obligation, to inspect, sample and/or monitor the Premises and/or the soil or groundwater
thereunder at any time to determine whether Tenant is complying with the terms of this Section 5.3, and in connection therewith Tenant shall provide Landlord with full access to all facilities, records and personnel related thereto. If Tenant
is not in compliance with any of the provisions of this Section 5.3, or in the event of a release of any Hazardous Material on, under, from or about the Premises caused or permitted by Tenant, its agents, employees, contractors, licensees or
invitees, Landlord and its agents shall have the right, but not the obligation, without limitation upon any of Landlord’s other rights and remedies under this Lease, to immediately enter upon the Premises without notice and to discharge
Tenant’s obligations under this Section 5.3 at Tenant’s expense, including without limitation the taking of emergency or long-term remedial action. Landlord and its agents shall endeavor to minimize interference with Tenant’s
business in connection therewith, but shall not be liable for any such interference. In addition, Landlord, at Tenant’s expense, shall have the right, but not the obligation, to join and participate in any legal proceedings or actions initiated
in connection with any claims arising out of the storage, generation, use, release and/or disposal by Tenant or its agents, employees, contractors, licensees or invitees of Hazardous Materials on, under, from or about the Premises. 
 (e) If the storage, use, generation, release or disposal of any Hazardous Materials on, under, from or about the Premises or the Site caused or knowingly
permitted by Tenant or its agents, employees, contractors, licensees or invitees results in (i) injury to any person, (ii) injury to or any contamination of the Premises or the Site, or (iii) injury to or contamination of any real or
personal property wherever situated, Tenant, at its expense, shall promptly take all actions necessary to return the Premises and the Site and any other affected real or personal 

  

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property owned by Landlord to the condition existing prior to the introduction of such Hazardous Materials and to remedy or repair any such injury or
contamination, including without limitation, any cleanup, remediation, removal, disposal, neutralization or other treatment of any such Hazardous Materials as required by law. Notwithstanding the foregoing, Tenant shall not, without Landlord’s
prior written consent, which consent may be given or withheld in Landlord’s sole and absolute discretion, take any remedial action in response to the presence of any Hazardous Materials on, under, from or about the Premises or the Site or any
other affected real or personal property owned by Landlord or enter into any similar agreement, consent, decree or other compromise with any governmental agency with respect to any Hazardous Materials claims; provided however, Landlord’s prior
written consent shall not be necessary in the event that the presence of Hazardous Materials on, under, from or about the Premises or the Site or any other affected real or personal property owned by Landlord (i) imposes an immediate threat to
the health, safety or welfare of any individual and (ii) is of such a nature that an immediate remedial response is necessary and it is not possible to obtain Landlord’s consent before taking such action. To the fullest extent permitted by
law, Tenant shall indemnify, hold harmless, protect and defend (with attorneys reasonably acceptable to Landlord) Landlord and any successors to all or any portion of Landlord’s interest in the Premises and the Site and any other real or
personal property owned by Landlord from and against any and all liabilities, losses, damages, diminution in value, judgments, fines, demands, claims, recoveries, deficiencies, costs and expenses (including without limitation reasonable
attorneys’ fees, court costs and other professional expenses), whether foreseeable or unforeseeable, arising directly or indirectly out of the use, generation, storage, treatment, release, on- or off-site disposal or transportation of Hazardous
Materials on, into, from, under or about the Premises, the Building or the Site and any other real or personal property owned by Landlord knowingly caused or permitted by Tenant, its agents, employees, contractors, licensees or invitees. Such
indemnity obligation shall specifically include, without limitation, the cost of any required or necessary repair, restoration, cleanup or detoxification of the Premises, the Building and the Site and any other real or personal property owned by
Landlord, the preparation of any closure or other required plans, whether such action is required or necessary during the Term or after the expiration of this Lease and any loss of rental due to the inability to lease the Premises or any portion of
the Building or Site as a result of such Hazardous Materials, the remediation thereof or any repair, restoration or cleanup related thereto. If it is at any time discovered that Tenant may have knowingly permitted its agents, employees, contractors,
licensees or invitees to release a Hazardous Material on, under, from or about the Premises, the Building or the Site or any other real or personal property owned by Landlord, or caused such a release, Tenant shall, at Landlord’s request,
immediately prepare and submit to Landlord a comprehensive plan, subject to Landlord’s approval, specifying the actions to be taken by Tenant to return the Premises, the Building or the Site or any other real or personal property owned by
Landlord to the condition existing prior to the introduction of such Hazardous Materials. Upon Landlord’s approval of such plan, Tenant shall, at its expense, and without limitation of any rights and remedies of Landlord under this Lease or at
law or in equity, immediately implement such plan and proceed to cleanup, remediate and/or remove all such Hazardous Materials in accordance with all applicable laws and as required by such plan and this Lease. The provisions of this
Section 5.3(e) shall expressly survive the expiration or sooner termination of this Lease. 
 (f) Landlord hereby discloses to Tenant,
and Tenant hereby acknowledges, certain facts relating to Hazardous Materials at the Site known by Landlord to exist as of the date of this Lease, as more particularly described in Exhibit C attached hereto. Tenant shall have no
liability or responsibility with respect to the Hazardous Materials facts described in Exhibit C, nor with respect to any Hazardous Materials which Tenant proves were neither released on the Premises during the Term nor caused by Tenant,
its agents, employees, contractors, licensees or invitees. Notwithstanding the preceding two sentences, Tenant agrees to notify its agents, employees, contractors, licensees, and invitees of any exposure or potential exposure to Hazardous Materials
at the Premises that Landlord brings to Tenant’s attention. Tenant hereby acknowledges that this disclosure satisfies any obligation of Landlord to Tenant pursuant to California Health & Safety Code Section 25359.7, or any
amendment or substitute thereto or any other disclosure obligations of Landlord. Landlord shall take responsibility, at its sole cost and expense and not as a Site Cost, for any governmentally-ordered clean-up, remediation, removal, disposal,
neutralization or other treatment of Hazardous Materials conditions described in this Section 5.3(f). The foregoing obligation on the part of Landlord shall include the reasonable costs (including, without limitation, reasonable attorney’s
fees) of defending Tenant (with attorneys reasonably acceptable to Tenant) from and against any legal action or proceeding instituted by any governmental agency in connection with such clean-up, remediation, removal, disposal, neutralization or
other treatment of such conditions, provided that Tenant promptly tenders such defense to Landlord. 
 (g) In the event of any foreclosure of
a mortgage or deed of trust encumbering the Building and/or the Site, the obligations on the part of Landlord contained in Section 5.3(f) above shall be personal to Landlord and shall not be binding on nor inure against any lender acquiring the
Building and/or the Site by foreclosure of its mortgage or deed of trust or deed in lieu of foreclosure, or any successor in interest to such lender 
 (h) Except as disclosed in Section 5.3(f) above (and/or as may otherwise be disclosed to Tenant in writing), Landlord represents that to “Landlord’s knowledge” (as hereinafter defined), there are
no Hazardous Materials in or about the Site which are in violation of any applicable federal, state or local law, ordinance or regulation. As used herein, “Landlord’s knowledge” shall mean the actual knowledge, without duty of
inquiry or investigation, of the current employees or authorized agents of Landlord responsible for Hazardous Materials compliance matters. 
 ARTICLE VI. COMMON AREAS; SERVICES 
 SECTION 6.1. UTILITIES AND SERVICES. Tenant shall be responsible for and shall
pay promptly, directly to the appropriate supplier, all charges for water, gas, electricity, sewer, heat, light, power, telephone, 

  

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telecommunications service, refuse pickup, janitorial service, interior landscape maintenance and all other utilities, materials and services furnished
directly to Tenant or the Premises or used by Tenant in, on or about the Premises during the Term, together with any taxes thereon. If any utilities or services are not separately metered or assessed to Tenant, Landlord shall make a reasonable
determination of Tenant’s proportionate share of the cost of such utilities and services, and Tenant shall pay such amount to Landlord, as an item of additional rent, within ten (10) days after delivery of Landlord’s statement or
invoice therefor. Alternatively, Landlord may elect to include such cost in the definition of Site Costs in which event Tenant shall pay Tenant’s proportionate share of such costs in the manner set forth in Section 4.2. Tenant shall also
pay to Landlord as an item of additional rent, within ten (10) days after delivery of Landlord’s statement or invoice therefor, Landlord’s “standard charges” (as hereinafter defined, which shall be in addition to the
electricity charge paid to the utility provider) for “after hours” usage by Tenant of each HVAC unit servicing the Premises. “After hours” shall mean more than three thousand six hundred forty (3,640) hours of usage
during each calendar year during the Term (as such hourly amount shall be prorated for any partial calendar year of the Term). “After hours” usage shall be determined based upon the operation of the applicable HVAC unit during each
calendar year (or partial calendar year) of the Term on a “non-cumulative” basis (that is, without regard to Tenant’s usage or nonusage of other unit(s) serving the Premises, or of the applicable unit during other years during the
Term). As used herein, “standard charges” shall mean the following charges for each hour of “after hours” use (in addition to the applicable electricity charges paid to the utility provider) of the following described HVAC
units: (i) $1.00 per hour for 1-4 ton HVAC units, (ii) $5.00 per hour for 5-9 ton HVAC units and (iii) $10.00 per hour for HVAC units of greater than 10 tons. Landlord shall not be liable for damages or otherwise for any failure or
interruption of any utility or other service furnished to the Premises, and no such failure or interruption shall be deemed an eviction or entitle Tenant to terminate this Lease or withhold or abate any rent due hereunder. Landlord shall at all
reasonable times have free access to the Building and Premises to install, maintain, repair, replace or remove all electrical and mechanical installations of Landlord. Tenant acknowledges that the costs incurred by Landlord related to providing
above-standard utilities and services to Tenant, including, without limitation, telephone lines, may be charged to Tenant. 
 Notwithstanding
the foregoing, if as a result of the direct actions of Landlord, its employees, contractors or authorized agents, for more than three (3) consecutive business days following written notice to Landlord there is no HVAC or electricity services to
all or a portion of the Premises, or such an interruption of other essential utilities and building services, such as fire protection or water, so that all or a portion of the Premises cannot be used by Tenant, then Tenant’s Basic Rent (or an
equitable portion of such Basic Rent to the extent that less than all of the Premises are affected) shall thereafter be abated until the Premises are again usable by Tenant; provided, however, that if Landlord is diligently pursuing the repair of
such utilities or services and Landlord provides substitute services reasonably suitable for Tenant’s purposes, as for example, bringing in portable air-conditioning equipment, then there shall not be an abatement of Basic Rent. The foregoing
provisions shall be Tenant’s sole recourse and remedy in the event of such an interruption of services, and shall not apply in case of the actions of parties other than Landlord, its employees, contractors or authorized agents, or in the case
of damage to, or destruction of, the Premises (which shall be governed by the provisions of Article XI of the Lease). Any disputes concerning the foregoing provisions shall be submitted to and resolved by JAMS arbitration pursuant to
Section 22.8 of this Lease. 
 SECTION 6.2. OPERATION AND MAINTENANCE OF COMMON AREAS. During the Term, Landlord shall operate
and maintain all Common Areas within the Site in a comparable condition to that existing as of the Commencement Date as Landlord may determine to be appropriate. All costs incurred by Landlord for the maintenance and operation of the Common Areas
shall be included in Site Costs (to the extent properly included therein). The term “Common Areas” shall mean all areas of the Site which are not held for exclusive use by persons entitled to occupy space including Tenant, and their
respective employees and invitees, including without limitation parking areas and structures, driveways, sidewalks, landscaped and planted areas, and common electrical and utility rooms and roof access entries, if any, in the Building. 

SECTION 6.3. USE OF COMMON AREAS. The occupancy by Tenant of the Premises shall include the use of the Common Areas as provided in this Article
VI, subject, however, to compliance with all rules and regulations as are prescribed from time to time by Landlord. Landlord shall at all times during the Term have exclusive control of the Common Areas, and may restrain or permit any use or
occupancy, except as authorized by Landlord’s rules and regulations. Tenant shall keep the Common Areas clear of any obstruction or unauthorized use related to Tenant’s operations or use of Premises, including without limitation, planters
and furniture. Nothing in this Lease shall be deemed to impose liability upon Landlord for any damage to or loss of the property of, or for any injury to, Tenant, its invitees or employees. Landlord may temporarily close any portion of the Common
Areas for repairs, remodeling and/or alterations, to prevent a public dedication or the accrual of prescriptive rights, or for any other reason deemed sufficient by Landlord, without liability to Tenant. Landlord’s temporary closure of any
portion of the Common Areas for such purposes shall not deprive Tenant of reasonable access to the Premises. 
 SECTION 6.4. PARKING.
Tenant shall be entitled to use its allocated share of the vehicle parking spaces on those portions of the Common Areas designated by Landlord for parking on an unreserved and unassigned basis. For purposes of this Section 6.4 Tenant’s
allocated share shall mean vehicle parking spaces equal to the same portion of all vehicle parking spaces available for the Site as the ratio of Floor Area to the total rentable square footage of the Site. Tenant shall not use more than its
allocated share of vehicle parking spaces. All parking spaces shall be used only for parking of vehicles no larger than full size passenger automobiles, sport utility vehicles or pickup trucks. Tenant shall not permit or allow any vehicles that
belong to or are controlled by Tenant or Tenant’s employees, suppliers, shippers, customers or invitees to be loaded, unloaded or parked in areas other than those designated by Landlord for such activities. If Tenant permits or allows any of
the prohibited activities described above, then Landlord shall have the right, without notice, in addition to such other rights and remedies that Landlord may have, to remove or tow away the vehicle involved and charge the costs to Tenant. Parking
within the Common Areas shall be limited to striped parking stalls, and no parking shall be permitted in any driveways, access ways or 

  

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in any area which would prohibit or impede the free flow of traffic within the Common Areas. There shall be no parking of any vehicles for longer than a
forty-eight (48) hour period unless otherwise authorized by Landlord, and vehicles which have been abandoned or parked in violation of the terms hereof may be towed away at the owner’s expense. Landlord shall have the right to establish,
and from time to time amend, and to enforce against all users all reasonable rules and regulations (including the designation of areas for employee parking) that Landlord may deem necessary and advisable for the proper and efficient operation and
maintenance of parking within the Common Areas. Landlord shall have the right to construct, maintain and operate lighting facilities within the parking areas; to change the area, level, location and arrangement of the parking areas and improvements
therein; to restrict parking by tenants, their officers, agents and employees to employee parking areas; after the expiration of the initial sixty-three (63) month Term of this Lease, to enforce parking charges (by operation of meters or
otherwise, provided Landlord is then generally enforcing parking charges throughout its technology building portfolio); and to do and perform such other acts in and to the parking areas and improvements therein as, in the use of good business
judgment, Landlord shall determine to be advisable. Any person using the parking area shall observe all directional signs and arrows and any posted speed limits. Parking areas shall be used only for parking vehicles. Washing, waxing, cleaning or
servicing of vehicles, or the storage of vehicles for longer than 48-hours, is prohibited unless otherwise authorized by Landlord. Tenant shall be liable for any damage to the parking areas caused by Tenant or Tenant’s employees, suppliers,
shippers, customers or invitees, including without limitation damage from excess oil leakage. Tenant shall have no right to install any fixtures, equipment or personal property in the parking areas. 
 SECTION 6.5. CHANGES AND ADDITIONS BY LANDLORD. Landlord reserves the right to make alterations or additions to the Building or the Site, or to
the attendant fixtures, equipment and Common Areas. Landlord may at any time relocate or remove any of the driveways, sidewalks, landscaped and planted areas and parking areas of the Common Areas, from time to time. No change shall entitle Tenant to
any abatement of rent or other claim against Landlord. No such change shall deprive Tenant of reasonable access to or use of the Premises or reduce the number of parking spaces granted under this Lease. 
 ARTICLE VII. MAINTAINING THE PREMISES 
 SECTION 7.1. TENANT’S MAINTENANCE AND REPAIR. Except as provided in Section 7.2 below and subject to Landlord’s obligations expressly contained in Section 2.4 of this Lease, Tenant at its sole expense shall
maintain and make all repairs and replacements necessary to keep the Premises and the Building in the condition as existed on the Commencement Date (or on any later date that the improvements may have been installed), excepting ordinary wear and
tear, casualty and condemnation, including without limitation all interior glass, doors, door closures, hardware, fixtures, fire extinguisher equipment and other equipment installed in the Premises and all Alterations constructed by Tenant pursuant
to Section 7.3 below. Tenant at its sole cost and expense shall maintain, repair and/or replace those two (2) HVAC units installed as part of the Tenant Improvement Work and serving Tenant’s clean room in the Premises (the
“Supplemental HVAC Units”). Any damage or deterioration of the Premises shall not be deemed ordinary wear and tear if the same could have been prevented by good maintenance practices by Tenant. As part of its maintenance obligations
hereunder, Tenant shall, at Landlord’s request, provide Landlord with copies of all maintenance schedules, reports and notices prepared by, for or on behalf of Tenant. All repairs and replacements shall be at least equal in quality to the
original work, shall be made only by a licensed contractor reasonably approved in writing in advance by Landlord. Any contractor utilized by Tenant shall be subject to Landlord’s standard requirements for contractors, as modified from time to
time. Landlord may impose reasonable restrictions and requirements with respect to repairs and replacements, as provided in Section 7.3, and the provisions of Section 7.4 shall apply to all repairs and replacements. If Tenant fails to
properly maintain and/or repair the Premises or the Building as herein provided following Landlord’s notice and the expiration of the applicable cure period (or earlier if Landlord determines that such work must be performed prior to such time
in order to avoid damage to the Premises or Building or other detriment), then Landlord may elect, but shall have no obligation, to perform any repair or maintenance required hereunder on behalf of Tenant and at Tenant’s expense, and Tenant
shall reimburse Landlord upon demand for all reasonable costs incurred upon submission of an invoice. Notwithstanding anything to the contrary in this Section 7.1, Landlord shall perform and construct, and Tenant shall have no responsibility to
perform or construct, any repair, maintenance or improvements which could be treated as a “capital” expenditure under generally accepted accounting principles, consistently applied; provided, however, that Tenant shall pay for its share of
such “capital expenditures” to the extent such costs are properly included in Operating Expenses. 
 SECTION 7.2.
LANDLORD’S MAINTENANCE AND REPAIR. Subject to Section 7.1 and Article XI, Landlord shall provide service, maintenance and repair with respect to any air conditioning, ventilating or heating equipment which serves the Premises
(exclusive, however, of the Supplemental HVAC Units) and shall maintain in good repair the roof (including the roof membrane), foundations, footings, the exterior surfaces of the exterior walls of the Building (including exterior glass), and the
structural, electrical, plumbing, life safety and mechanical systems (including elevators, if any, serving the Building), except that Tenant at its expense shall make all repairs resulting from the act or negligence of Tenant, its agents, employees,
invitees, subtenants or contractors. Landlord shall have the right to employ or designate any reputable person or firm, including any employee or agent of Landlord or any of Landlord’s affiliates or divisions, to perform any service, repair or
maintenance function. Landlord need not make any other improvements or repairs except as specifically required under this Lease, and nothing contained in this Section shall limit Landlord’s right to reimbursement from Tenant for maintenance,
repair costs and replacement costs as provided elsewhere in this Lease. Tenant understands that it shall not perform any maintenance or make any repairs or replacements at Landlord’s expense and shall have no right to any rental offset for any
maintenance, repairs or replacements performed by Tenant. Except for normal preventive maintenance, which Landlord shall perform regardless of any notice from Tenant, Tenant further understands that Landlord shall not be required to make any repairs
to the roof, foundations, footings, the exterior surfaces of the exterior walls of the Building (excluding exterior glass), or structural, electrical or mechanical systems unless and until Tenant has 

  

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notified Landlord in writing of the need for such repair and Landlord shall have a reasonable period of time thereafter to commence and complete said repair,
if warranted. Subject to the express provisions of Section 2.4 above and to the limitations set forth in Section 4.2, all costs of any maintenance, repairs and replacements on the part of Landlord provided hereunder shall be considered
part of Site Costs. Tenant further agrees that if Tenant fails to report any such need for repair in writing within sixty (60) days of its discovery by Tenant, including without limitation moisture conditions which could cause mold, Tenant
shall be responsible for any costs and expenses and other damages related to such repair which are in excess of those which would have resulted had such need for repair been reported to Landlord within such sixty (60) day period. 
 SECTION 7.3. ALTERATIONS. Except as otherwise provided in this Section, Tenant shall make no alterations, additions, fixtures or improvements
(“Alterations”) to the Premises or the Building without the prior written consent of Landlord, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, Tenant may make Alterations to the Premises costing less
than One Dollar ($1.00) per square foot of the improved portion of the Premises during each calendar year of the Term without Landlord’s consent, provided, however, that any Alterations which change the structural, electrical or mechanical
systems of the Premises, or which require a governmental permit as a prerequisite to the construction thereof, shall require Landlord’s prior written consent, which shall not be unreasonably withheld. Notwithstanding anything to the contrary
contained in either of the foregoing sentences, however, no Alterations shall: (i) affect the exterior of the Building or outside areas (or be visible from adjoining sites), or (ii) adversely affect or penetrate any of the structural
portions of the Building, including but not limited to the roof, or (iii) require any change to the basic floor plan of the Premises (including, without limitation, the adding of any additional “office” square footage) or any change
to any structural or mechanical systems of the Premises, or (iv) fail to comply with any applicable governmental requirements, or (v) result in the Premises requiring building services beyond the level normally provided to other tenants,
or (vi) interfere in any manner with the proper functioning of, or Landlord’s access to, any mechanical, electrical, plumbing, or HVAC systems, facilities or equipment located in or serving the Building, or (vii) diminish the value of
the Premises including, without limitation, using lesser quality materials than those existing in the Premises, or (viii) alter or replace Standard Improvements. Further, in the event that any Alteration would result in a change from
Landlord’s building standard materials and specifications (“Standard Improvements”), then subject to Landlord’s election contained in the last paragraph of this Section 7.3, Tenant shall be responsible for the cost of
replacing such non-standard improvement (“Non-Standard Improvement”) with the applicable Standard Improvement (“Replacements”) which Replacements shall be completed prior to the Expiration Date or earlier
termination of this Lease. Landlord may impose any reasonable condition to its consent, including but not limited to a requirement that the installation and/or removal of all Alterations and Replacements in excess of One Hundred Thousand Dollars
($100,000.00) be covered by a lien and completion bond satisfactory to Landlord in its reasonable discretion. Landlord shall in all events, whether or not Landlord’s consent is required, have the right to reasonably approve prior to the
commencement of any work the contractor performing the installation and removal of Alterations and Replacements and Tenant shall not permit any contractor not approved by Landlord to perform any work on the Premises or on the Building. Tenant shall
obtain all required permits for the installation and removal of Alterations and Replacements and shall perform the installation and removal of Alterations and Replacements in compliance with all applicable laws, regulations and ordinances, including
without limitation the Americans with Disabilities Act, all covenants, conditions and restrictions affecting the Site, and the Rules and Regulations as described in Article XVII. Tenant understands and agrees that Landlord shall be entitled to a
supervision fee in the amount of five percent (5%) of the cost of such Alterations either requiring a permit from the City of Irvine or affecting any mechanical, electrical, plumbing or HVAC systems, facilities or equipment located in or
serving the Building. Under no circumstances shall Tenant make any Alterations or Replacements which incorporate any Hazardous Materials, including without limitation asbestos-containing construction materials into the Premises, the Building or the
Common Areas. If any governmental entity requires, as a condition to any proposed Alterations by Tenant, that improvements be made to the Common Areas, and if Landlord consents to such improvements to the Common Areas (which consent may be withheld
in the sole and absolute discretion of Landlord), then Tenant shall, at Tenant’s sole expense, make such improvements to the Common Areas required by law and in such manner, utilizing such materials, and with such contractors, architects and
engineers as Landlord may require in its sole and absolute discretion. Landlord shall have the right, but not the obligation, to elect to make any such improvements to be made to the Common Areas at Tenant’s expense, in which case Tenant shall
reimburse Landlord upon demand for all reasonable costs incurred in making such improvements. Any request for Landlord’s consent to any proposed Alterations shall be made in writing and shall contain architectural plans describing the work in
detail reasonably satisfactory to Landlord. Landlord may elect to cause its architect to review Tenant’s architectural plans, and the reasonable cost of that review shall be reimbursed by Tenant. Should the work proposed by Tenant and consented
to by Landlord modify the basic floor plan of the Premises, then Tenant shall, at its expense, furnish Landlord with as-built drawings and CAD disks compatible with Landlord’s systems and standards. Unless Landlord otherwise agrees in writing,
all Alterations made or affixed to the Premises, the Building or to the Common Areas (excluding moveable trade fixtures, equipment, personal property and furniture), and all telephone and data cabling, shall become the property of Landlord and shall
be surrendered with the Premises at the end of the Term; except that Landlord may, as provided in the next succeeding paragraph of this Section 7.3, require Tenant to remove by the Expiration Date, or sooner termination date of this Lease, all
or any of the Alterations installed either by Tenant or by Landlord at Tenant’s request and to repair any damage to the Premises, the Building or the Common Areas arising from that removal and restore the Premises to their condition prior to
making such Alterations. The foregoing restoration requirements shall be in addition to Tenant’s “Restoration Requirement” as set forth in the Work Letter attached to this Lease. The foregoing provisions for removal of Alterations,
however, shall not be applicable to the Tenant Improvements constructed pursuant to the Work Letter, which Work Letter itself shall govern any removal of the Tenant Improvements upon the expiration of the Term. 
 If Landlord conditions its consent on the same, Landlord shall have the right to require Tenant to remove any Alterations, and to replace the same with
the applicable Replacements, as of the Expiration Date or sooner 

  

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termination of the Lease. Any Alterations for which Landlord’s consent is not given, however, shall be subject to Landlord’s right, exercisable at
any time, to require same to be removed (and replaced with the Replacements) at the Expiration Date or sooner termination of this Lease. 
 SECTION 7.4. MECHANIC’S LIENS. Tenant shall keep the Premises and the Site free from any liens arising out of any services or work performed, materials furnished, or obligations incurred by or for Tenant. Upon request by
Landlord, Tenant shall promptly (but in no event later than five (5) business days following such request) cause any such lien to be released by posting a bond in accordance with California Civil Code Section 3143 or any successor statute.
In the event that Tenant shall not, within thirty (30) days following Tenant’s actual notice of the imposition of any lien, cause the lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to
all other available remedies, the right to cause the lien to be released by any means it deems proper, including payment of or defense against the claim giving rise to the lien. All reasonable expenses so incurred by Landlord, including
Landlord’s attorneys’ fees, and any consequential or other damages incurred by Landlord arising out of such lien, shall be reimbursed by Tenant upon demand, together with interest from the date of payment by Landlord at the maximum rate
permitted by law until paid. Tenant shall give Landlord no less than ten (10) days’ prior notice in writing before commencing construction of any kind on the Premises or Common Areas and shall again notify Landlord that construction has
commenced, such notice to be given on the actual date on which construction commences, so that Landlord may post and maintain notices of nonresponsibility on the Premises or Common Areas, as applicable, which notices Landlord shall have the right to
post and which Tenant agrees it shall not disturb. Tenant shall also provide Landlord notice in writing within ten (10) days following the date on which such work is substantially completed. The provisions of this Section shall expressly
survive the expiration or sooner termination of this Lease. 
 SECTION 7.5. ENTRY AND INSPECTION. Landlord shall at all reasonable
times, upon written or oral notice (except in emergencies, when no notice shall be required) have the right to enter the Premises to inspect them, to supply services in accordance with this Lease, to perform any work required or permitted to be
performed by Landlord within the Premises, to have access to install, repair, maintain, replace or remove all electrical and mechanical installations of Landlord and to protect the interests of Landlord in the Premises, and to submit the Premises to
prospective or actual purchasers or encumbrance holders (or, during the last one hundred and eighty (180) days of the Term or when an Event of Default exists, to prospective tenants), all without being deemed to have caused an eviction of
Tenant and without abatement of rent except as provided elsewhere in this Lease. Landlord shall have the right, if desired, to retain a key which unlocks all of the doors in the Premises, excluding Tenant’s vaults and safes, and Landlord shall
have the right to use any and all means which Landlord may deem proper to open the doors in an emergency in order to obtain entry to the Premises, and any entry to the Premises obtained by Landlord as provided in this Section 7.5 shall not be
deemed to be a forcible or unlawful entry into, or a detainer of, the Premises, or any eviction of Tenant from the Premises. In exercising any of Landlord’s rights of entry, inspection, repair, maintenance and construction under this Lease,
including, without limitation, under Sections 5.3(d), 6.1, 6.5 and 7.5, Landlord shall comply with Tenant’s reasonable security measures and operating procedures and shall use commercially reasonable efforts to minimize any disruption to
Tenant. Further, Landlord shall not exercise any such rights in any such manner as would unreasonably interfere with Tenant’ use of, access to, or parking at the Premises. 
 ARTICLE VIII. TAXES AND ASSESSMENTS ON TENANT’S PROPERTY 
 Tenant shall be
liable for and shall pay before delinquency, all taxes and assessments levied against all personal property of Tenant located in the Premises, and, if required by Landlord, against all Non Standard Improvements to the Premises (as defined in
Section 7.3) made by Landlord or Tenant, and against any Alterations (as defined in Section 7.3) made to the Premises or the Building by or on behalf of Tenant. If requested by Landlord, Tenant shall cause its personal property,
Non-Standard Improvements and Alterations to be assessed and billed separately from the real property of which the Premises form a part. If any taxes required to be paid by Tenant on Tenant’s personal property, Non-Standard Improvements and/or
Alterations are levied against Landlord or Landlord’s property and if Landlord pays the same, or if the assessed value of Landlord’s property is increased by the inclusion of a value placed upon Tenant’s personal property,
Non-Standard Improvements and/or Alterations and if Landlord pays the taxes based upon the increased assessment, Landlord shall have the right to require that Tenant pay to Landlord the taxes so levied against Landlord or the proportion of the taxes
resulting from the increase in the assessment. In calculating what portion of any tax bill which is assessed against Landlord separately, or Landlord and Tenant jointly, is attributable to Tenant’s Non-Standard Improvements, Alterations and
personal property, Landlord’s reasonable determination shall be conclusive. 
 ARTICLE IX. ASSIGNMENT AND SUBLETTING 

SECTION 9.1. RIGHTS OF PARTIES. 
 (a) Notwithstanding any provision of this Lease to the contrary, and except as to transfers expressly permitted without Landlord’s consent pursuant to Section 9.4, Tenant will not, either voluntarily or by operation of law,
assign, sublet, encumber, or otherwise transfer all or any part of Tenant’s interest in this Lease or the Premises, or permit the Premises to be occupied by anyone other than Tenant, without Landlord’s prior written consent, which consent
shall not unreasonably be withheld in accordance with the provisions of Section 9.1(b). Except as to transfers expressly permitted without Landlord’s consent pursuant to Section 9.4, no assignment (whether voluntary, involuntary or by
operation of law), subletting or other transfer shall be valid or effective without Landlord’s prior written consent and, at Landlord’s election, any such assignment, subletting or other transfer shall be void and of no force and effect.
Landlord shall not be deemed to have given its consent to any assignment, subletting or other transfer by any course of action, including without limitation its acceptance of rent or any other payment due under 

  

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this Lease from any person or entity other than Tenant or its acceptance of any name for listing in the Building directory, other than Landlord’s
written consent. To the extent not prohibited by provisions of the Bankruptcy Code, 11 U.S.C. Section 101 et seq., (the “Bankruptcy Code”), including Section 365(f)(1), Tenant on behalf of itself and its
creditors, administrators and assigns waives the applicability of Section 365(e) of the Bankruptcy Code unless the proposed assignee of the Trustee for the estate of the bankrupt meets Landlord’s standard for consent as set forth in
Section 9.1(b) of this Lease. If this Lease is assigned to any person or entity pursuant to the provisions of the Bankruptcy Code, any and all monies or other considerations to be delivered in connection with the assignment shall be delivered
to Landlord, shall be and remain the exclusive property of Landlord and shall not constitute property of Tenant or of the estate of Tenant within the meaning of the Bankruptcy Code. Any person or entity to which this Lease is assigned pursuant to
the provisions of the Bankruptcy Code shall be deemed to have assumed all of the obligations arising under this Lease on and after the date of the assignment, and shall upon demand execute and deliver to Landlord an instrument confirming that
assumption. 
 (b) If Tenant desires to assign, sublease or otherwise transfer an interest in this Lease or the Premises, it shall first
notify Landlord of its desire and shall submit in writing to Landlord: (i) the name and address of the proposed assignee, subtenant or transferee; (ii) the nature of any proposed assignee’s, subtenant’s or transferee’s
business to be carried on in the Premises; (iii) the terms and provisions of any proposed assignment, sublease or other transfer, including a copy of the proposed assignment, sublease or transfer form; (iv) evidence that the proposed
assignee, subtenant or transferee will comply with the requirements of Exhibit D hereto; (v) a completed Environmental Questionnaire from the proposed assignee, subtenant or transferee; (vi) any other information requested by
Landlord and reasonably related to the transfer and (vii) the fee described in Section 9.1(e). Except as provided in Section 9.1 (c), Landlord shall not unreasonably withhold its consent, provided that the parties agree that it shall
be reasonable for Landlord to withhold its consent if: (1) the use of the Premises will not be consistent with the provisions of this Lease; (2) insurance requirements of the proposed assignee or subtenant may not be brought into
conformity with Landlord’s then current leasing practice; (3) the proposed assignee, subtenant or transferee has failed to submit to Landlord all reasonable information as requested by Landlord concerning the proposed assignee, subtenant
or transferee, including, but not limited to, current financial statements; (4) the proposed assignee or subtenant is a prospect with whom Landlord is “actively negotiating” (as hereinafter defined) to become a tenant at the Site
(provided Landlord has available space in the Site for such existing tenant or prospect); or (5) the proposed transfer will impose additional burdens or adverse tax effects on Landlord. As used herein, “actively negotiating” shall
mean that the prospect shall have countered a written proposal from Landlord in writing within four (4) months prior to Tenant’s proposed transfer for the lease of space in the Building or the Site. Tenant’s exterior sign rights under
this Lease, are personal to Tenant and any Permitted Transferee and may not be assigned or transferred to any assignee of this Lease or subtenant of the Premises other than a Permitted Transferee without Landlord’s prior written consent, which
may be withheld in Landlord’s sole and absolute discretion. Notwithstanding the foregoing, Landlord shall not unreasonably withhold its consent to a transfer of such signage rights in connection with Tenant’s assignment of this Lease or
sublease of the entire Premises, provided that Landlord shall have the right of prior approval that such signage continues to comply with the Sign Criteria and the other requirements of Section 5.2 of this Lease, and provided further that any
name and/or graphics on such signage do not materially devalue the Project as determined by Landlord in its sole and absolute discretion. 
 If Landlord consents to the proposed transfer, Tenant may within ninety (90) days after the date of the consent effect the transfer upon the terms described in the information furnished to Landlord; provided that any material change in
the terms shall be subject to Landlord’s consent as set forth in this Section 9.1. Landlord shall approve or disapprove any requested transfer within fifteen (15) business days following delivery of Tenant’s written request, the
information set forth above, and the fee set forth below. 
 (c) Except with respect to an assignment or subletting to a Permitted
Transferee, in the event of an assignment of this Lease or a subletting or more than fifty percent (50%) of the Floor Area of the Premises (in the aggregate), in lieu of consenting to a proposed assignment or subletting, Landlord may elect,
within the fifteen (15) business day period permitted for Landlord to approve or disapprove a requested transfer, to terminate this Lease in its entirety in the event of a proposed assignment or to terminate this Lease as to the portion of the
Premises proposed to be subleased with a proportionate abatement in the rent payable under this Lease. Any such termination so elected by Landlord shall be effective thirty (30) days following written notice by Landlord of its election.
Landlord may thereafter, at its option, assign, sublet or re-let any space so sublet, obtained by assignment or obtained by termination to any third party, including without limitation the proposed transferee of Tenant. In the event of any
termination of this Lease as to a portion of the Premises pursuant to this Section 9.1(c), Landlord shall promptly prepare and deliver to Tenant an amendment to this Lease appropriately amending those provisions of the Lease affected by such
termination, and Tenant shall execute and return same to Landlord within twenty (20) business days thereafter subject to Tenant’s reasonable review and approval thereof. 
 (d) Except with respect to an assignment or subletting to a Permitted Transferee, in the event that Landlord approves the requested assignment,
subletting or other transfer, Landlord shall be entitled to receive fifty percent (50%) of any amounts paid by the assignee or subtenant, however described, in excess of (i) the Basic Rent and Operating Expenses payable by Tenant
hereunder, or in the case of a sublease of a portion of the Premises, in excess of the Basic Rent and Operating Expenses reasonably allocable to such portion as determined by Landlord, plus (ii) Tenant’s direct out-of-pocket costs which
Tenant certifies to Landlord have been paid to provide occupancy related services to such assignee or subtenant of a nature commonly provided by landlords of similar space (including, without limitation, brokerage commissions, legal fees and tenant
improvement costs paid by Tenant in connection with such subletting or assignment), shall be the property of Landlord and such amounts shall be payable directly to Landlord by the assignee or subtenant concurrently with such assignee’s or
subtenant’s payment(s) to Tenant, or, at Landlord’s option, by Tenant within ten (10) days of Tenant’s receipt thereof. Landlord shall have the right to review or audit the books and records of Tenant, or have such books and
records reviewed or 

  

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audited by an outside accountant, to confirm any such direct out-of-pocket costs. In the event that such direct out-of-pocket costs claimed by Tenant are
overstated by more than five percent (5%), Tenant shall reimburse Landlord for any of Landlord’s costs related to such review or audit. At Landlord’s request, a written agreement shall be entered into by and among Tenant, Landlord and the
proposed assignee or subtenant confirming the requirements of this Section 9.1(d). 
 (e) Tenant shall pay to Landlord a fee equal to
the greater of (i) Landlord’s actual and reasonable costs related to such assignment, subletting or other transfer or (ii) Five Hundred Dollars ($500.00), to process any request by Tenant for an assignment, subletting or other
transfer under this Lease. Tenant shall pay Landlord the sum of Five Hundred Dollars ($500.00) concurrently with Tenant’s request for consent to any assignment, subletting or other transfer, and Landlord shall have no obligation to consider
such request unless accompanied by such payment. Tenant shall pay Landlord upon demand any costs in excess of such payment to the extent Landlord’s actual and reasonable costs related to such request exceeds $500.00. Such fee is hereby
acknowledged as a reasonable amount to reimburse Landlord for its costs of review and evaluation of a proposed transfer. 
 SECTION 9.2.
EFFECT OF TRANSFER. No assignment, subletting or other transfer, even with the consent of Landlord, shall relieve Tenant of its obligation to pay rent and to perform all its other obligations under this Lease. Moreover, Tenant shall indemnify
and hold Landlord harmless, as provided in Section 10.3, for any act or omission by an assignee, subtenant or transferee. Each assignee, other than Landlord, shall assume all obligations of Tenant under this Lease and shall be liable jointly
and severally with Tenant for the payment of all rent, and for the due performance of all of Tenant’s obligations, under this Lease. No assignment, subletting or transfer shall be effective or binding on Landlord unless documentation in form
and substance satisfactory to Landlord in its reasonable discretion evidencing the transfer, and in the case of an assignment, the assignee’s assumption of the obligations of Tenant under this Lease, is delivered to Landlord and both the
assignee/subtenant and Tenant deliver to Landlord an executed consent to transfer instrument prepared by Landlord in a commercially reasonable form and consistent with the requirements of this Article. Consent by Landlord to one or more transfers
shall not operate as a waiver or estoppel to the future enforcement by Landlord of its rights under this Lease or as a consent to any subsequent transfer. 
 SECTION 9.3. SUBLEASE REQUIREMENTS. The following terms and conditions shall apply to any subletting by Tenant of all or any part of the Premises and shall be deemed included in each sublease: 
 (a) Such subletting and any subtenant of the Premises shall be subject to each and every provision contained in this Lease. 
 (b) Tenant hereby irrevocably assigns to Landlord all of Tenant’s interest in all rentals and income arising from any sublease of the Premises, and
Landlord may collect such rent and income and apply same toward Tenant’s obligations under this Lease; provided, however, that until there is an Event of Default by Tenant, Tenant shall have the right to receive and collect the sublease
rentals. Landlord shall not, by reason of this assignment or the collection of sublease rentals, be deemed liable to the subtenant for the performance of any of Tenant’s obligations under the sublease. Tenant hereby irrevocably authorizes and
directs any subtenant, upon receipt of a written notice from Landlord stating that an uncured Event of Default exists in the performance of Tenant’s obligations under this Lease, to pay to Landlord all sums then and thereafter due under the
sublease. Tenant agrees that the subtenant may rely on that notice without any duty of further inquiry and notwithstanding any notice or claim by Tenant to the contrary. Tenant shall have no right or claim against the subtenant or Landlord for any
rentals so paid to Landlord; provided, however, that any such amounts received by Landlord shall be credited towards any amount Tenant owes under this Lease. 
 (c) In the event of the termination of this Lease for any reason, including without limitation as the result of an Event of Default by Tenant or by the mutual agreement of Landlord and Tenant, Landlord may, at its
sole option, take over Tenant’s entire interest in any sublease and, upon notice from Landlord, the subtenant shall attorn to Landlord. In no event, however, shall Landlord be liable for any previous act or omission by Tenant under the sublease
or for the return of any advance rental payments or deposits under the sublease that have not been actually delivered to Landlord, nor shall Landlord be bound by any sublease modification executed without Landlord’s consent or for any advance
rental payment by the subtenant in excess of one month’s rent. The provisions of this Lease (other than with respect to the payment of rent), including without limitation those pertaining to insurance and indemnification, shall be deemed
incorporated by reference into the sublease despite the termination of this Lease. In the event Landlord does not elect to take over Tenant’s interest in a sublease in the event of any such termination of this Lease, such sublease shall
terminate concurrently with the termination of this Lease and such subtenant shall have no further rights under such sublease and Landlord shall have no obligations to such subtenant. 
 SECTION 9.4. CERTAIN TRANSFERS. Notwithstanding anything to the contrary contained in this Article IX, Landlord’s consent shall not be
required for and Tenant may, without Landlord’s prior written consent and without constituting an assignment or sublease hereunder, sublet the Premises or assign the Lease to (A) an entity controlling, under common control with or
controlled by Tenant (“Affiliate”), (B) a successor entity related to Tenant by purchase, merger, consolidation, nonbankruptcy reorganization, or government action, or (C) a purchaser of substantially all of Tenant’s
assets located in the Premises ((A), (B) and (C) are collectively referred to herein as a “Permitted Transferees” and individually as a “Permitted Transferee” and transfers to such Permitted Transferees
shall be collectively referred to herein as “Permitted Transfers”), so long as (i) the net worth of the Permitted Transferee is at least equal to the net worth of Tenant immediately prior to the date of such Permitted Transfer,
or, in Landlord’s reasonable determination, such Permitted Transferee has sufficient net worth to perform Tenant’s obligations under this Lease, evidence of which, satisfactory to Landlord, shall be presented to Landlord prior to 

  

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such Permitted Transfer, provided, however, that the provisions of this clause (i) shall not apply to transfers to an Affiliate, (ii) Tenant shall
provide to Landlord, prior to such Permitted Transfer, written notice of such Permitted Transfer and such assignment documentation and other information as Landlord may reasonably require in connection therewith, and (iii) all of the other
terms and requirements of Sections 9.2 and 9.3 (but not Section 9.1) shall apply with respect to such Permitted Transfer. A sale or transfer of Tenant’s capital stock shall not be deemed an assignment, subletting, or any other
transfer of this Lease or the Premises. 
 ARTICLE X. INSURANCE AND INDEMNITY 
 SECTION 10.1. TENANT’S INSURANCE. Tenant, at its sole cost and expense, shall provide and maintain in effect the insurance described in
Exhibit D. Evidence of that insurance must be delivered to Landlord prior to the Commencement Date or any earlier date on which Tenant may enter upon or take possession of the Premises for any reason whatsoever. 
 SECTION 10.2. LANDLORD’S INSURANCE. Landlord shall provide the following types of insurance, with or without deductible and in amounts and
coverages as Landlord may from time to time deem appropriate: property insurance, including fire, vandalism, malicious mischief and such other additional perils as may be included in a standard “special form” policy,” subject to
standard exclusions (such as, but not limited to, earthquake and flood exclusions), covering the full replacement value of the Building including all Tenant Improvements constructed pursuant to the Work Letter (the “Property Policy”). In
addition, Landlord may, at its election, obtain insurance for such other risks as Landlord or its mortgagees may from time to time deem appropriate, including, without limitation, coverage for earthquake, flood and commercial general liability.
Landlord shall not be required to carry insurance of any kind on Tenant’s Alterations or on Tenant’s other property, including, without limitation, trade fixtures, furnishings, equipment, signs and all other items of personal property, and
shall not be obligated to repair or replace that property should damage occur. All proceeds of insurance maintained by Landlord upon the Building and/or Site shall be the property of Landlord, whether or not Landlord is obligated to or elects to
make any repairs. At Landlord’s option, Landlord may self-insure all or any portion of the risks for which Landlord elects or is obligated to provide insurance hereunder. 
 SECTION 10.3. JOINT INDEMNITY. 
 (a)
To the fullest extent permitted by law, Tenant shall defend, indemnify, protect, save and hold harmless Landlord, its agents, and any and all affiliates of Landlord, including, without limitation, any corporations or other entities controlling,
controlled by or under common control with Landlord, from and against any and all claims, demands, actions, losses, liabilities, costs or expenses arising either before or after the Commencement Date from Tenant’s use or occupancy of the
Premises, the Building or the Common Areas, including, without limitation, the use by Tenant, its agents, employees, invitees or licensees of any recreational facilities within the Common Areas; the conduct of Tenant’s business; any activity,
work, or thing done, permitted or suffered by Tenant or its agents, employees, invitees or licensees in or about the Premises, the Building or the Common Areas; or from any Event of Default in the performance of any obligation on Tenant’s part
to be performed under this Lease; or from any act or negligence or willful misconduct of Tenant or its agents, employees, visitors, patrons, guests, invitees or licensees. In cases of alleged negligence asserted by third parties against Landlord
which arise out of, are occasioned by, or in any way attributable to Tenant, its agents, employees, contractors, licensees or invitees use and occupancy of the Premises, the Building or the Common Areas, or from the conduct of its business or from
any activity, work or thing done, permitted or suffered by Tenant or its agents, employees, invitees or licensees on Tenant’s part to be performed under this Lease, or from any negligence or willful misconduct of Tenant, its agents, employees,
licensees or invitees, Tenant shall accept any tender of defense for Landlord and shall, notwithstanding any allegation of negligence or willful misconduct on the part of the Landlord, defend Landlord with counsel reasonably satisfactory to Landlord
and protect and hold Landlord harmless and pay all costs, expenses and attorneys’ fees incurred in connection with such litigation, provided that Tenant shall not be liable for any such injury or damage, and Landlord shall reimburse Tenant for
the reasonable attorneys’ fees and costs for the attorney representing both parties, all to the extent and in the proportion that such injury or damage is ultimately determined by a court of competent jurisdiction (or in connection with any
negotiated settlement agreed to by Landlord) to be attributable to the active negligence or willful misconduct of Landlord. Upon Landlord’s request, Tenant shall at Tenant’s sole cost and expense, retain a separate attorney reasonably
selected by Landlord to represent Landlord in any such suit if Landlord reasonably determines that the representation of both Tenant and Landlord by the same attorney would cause a conflict of interest; provided, however, that to the extent and in
the proportion that the injury or damage which is the subject of the suit is ultimately determined by a court of competent jurisdiction (or in connection with any negotiated settlement agreed to by Landlord) to be attributable to the active
negligence or willful misconduct of Landlord, Landlord shall reimburse Tenant for the reasonable legal fees and costs of the separate attorney retained by Tenant. The provisions of this Section 10.3(a) shall expressly survive the expiration or
sooner termination of this Lease. 
 (b) To the fullest extent permitted by law, but subject to the express limitations on liability
contained in this Lease (including, without limitation, the provisions of Sections 10.5 and 14.8 of this Lease), Tenant shall not indemnify Landlord for, and Landlord shall defend, indemnify, protect, save and hold harmless Tenant, its agents and
any and all affiliates of Tenant, including without limitation, any corporations, or other entities controlling, controlled by or under common control with Tenant, from and against, any and all claims, liabilities, costs or expenses arising either
before or after the Commencement Date from the active negligence or willful misconduct of Landlord, its employees or authorized agents in connection with the operation, maintenance or repair of the Common Areas of the Site. The provisions of this
Subsection 10.3(b) shall expressly survive the expiration or sooner termination of this Lease. 
  

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 SECTION 10.4. LANDLORD’S NONLIABILITY. Subject only to the express indemnity obligations
contained in Section 10.3(b) of this Lease but notwithstanding any other provision of this Lease to the contrary, Landlord, its agents, and any and all affiliates of Landlord, shall not be liable to Tenant, its employees, agents and/or
invitees, and Tenant hereby waives all claims against Landlord, its agents, and any and all affiliates of Landlord, for injuries to or deaths of persons whatsoever resulting from fire, explosion, falling plaster, steam, gas, electricity, water or
rain which may leak or flow from or into any part of the Premises, mold, or from the breakage, leakage, obstruction or other defects of the pipes, sprinklers, wires, appliances, plumbing, air conditioning, electrical works, roof, windows or other
fixtures in the Building (whether the damage or injury results from conditions arising in the Premises or in other portions of the Building), regardless of the negligence of Landlord, its agents or any and all affiliates of Landlord in connection
with any of the foregoing. Notwithstanding any provision of this Lease to the contrary, including, without limitation, the provisions of Section 10.3(b) of this Lease, Landlord shall not be liable to Tenant, its employees, agents and invitees,
and Tenant hereby waives all claims against Landlord, for loss of or damage to any property, or any other loss, cost, damage, injury or liability to property whatsoever resulting from fire, explosion, falling plaster, steam, gas, electricity, water
or rain which may leak or flow from or into any part of the Premises or from the breakage, leakage, obstruction or other defects of the pipes, sprinklers, wires, appliances, plumbing, air conditioning, electrical works or other fixtures in the
Building, whether the damage or injury results from conditions arising in the Premises or in other portions of the Building, regardless of the negligence of Landlord, its agents or any and all affiliates of Landlord in connection with any of the
foregoing. It is understood that any such condition may require the temporary evacuation or closure of all or a portion of the Building. Notwithstanding any provision of this Lease to the contrary, including, without limitation, the provisions of
Section 10.3(b) of this Lease, Landlord shall in no event be liable to Tenant, its employees, agents, and invitees, and Tenant hereby waives all claims against Landlord, for loss or interruption of Tenant’s business or income (including,
without limitation, any consequential damages and lost profit or opportunity costs), or any other loss, cost, damage, injury or liability resulting from Acts of God (except with respect to restoration obligations pursuant to Article XI below), acts
of civil disobedience or insurrection, acts or omissions (criminal or otherwise) of any third parties (other than Landlord’s employees or authorized agents), including without limitation, any other tenants within the Site or their agents,
employees, contractors, guests or invitees. Landlord shall have no liability whatsoever (including without limitation consequential damages and lost profit or opportunity costs) and, except as provided in Sections 11.1 and 12.1 below, there shall be
no abatement of rent, by reason of any injury to or interference with Tenant’s business arising from the making of any repairs, alterations or improvements to any portion of the Building, including repairs to the Premises, nor shall any related
activity by Landlord constitute an actual or constructive eviction. In making repairs, alterations or improvements, however, Landlord shall interfere as little as reasonably practicable with the conduct of Tenant’s business in the Premises.
Should Tenant elect to receive any service or products from a concessionaire, licensee or third party tenant of Landlord, Landlord shall have no liability for any services or products so provided or for any breach of contract by such third party
provider. Neither Landlord nor its agents shall be liable for interference with light or other similar intangible interests. Tenant shall immediately notify Landlord in case of fire or accident in the Premises, the Building or the Site and of
defects in any improvements or equipment. 
 SECTION 10.5. WAIVER OF SUBROGATION. Notwithstanding anything to the contrary contained
in this Lease, Landlord and Tenant each hereby waives all rights of recovery against the other and the other’s agents on account of loss and damage occasioned to the property of such waiving party to the extent that the waiving party is
entitled to proceeds for such loss or damage under any property insurance policies carried or required to be carried by the provisions of this Lease (including, without limitation, the Property Policy required of Landlord in the first sentence of
Section 10.2 of this Lease); provided however, that the foregoing waiver shall not apply to the extent of Tenant’s obligations to pay deductibles under any such policies and this Lease. By this waiver it is the intent of the parties that
neither Landlord nor Tenant shall be liable to any insurance company (by way of subrogation or otherwise) insuring the other party for any loss or damage insured against under any property insurance policies contemplated by this Lease, even though
such loss or damage might be occasioned by the negligence of such party, its agents, employees, contractors, guests or invitees. All of Landlord’s and Tenant’s repair and indemnity obligations under this Lease shall be subject to the
waiver contained in this Section 10.5. 
 ARTICLE XI. DAMAGE OR DESTRUCTION 
 SECTION 11.1. RESTORATION. 
 (a) If
the Premises or the Building or a part thereof are materially damaged by any fire, flood, earthquake or other casualty, Landlord shall have the right to terminate this Lease upon written notice to Tenant if: (i) Landlord reasonably determines
that proceeds necessary to pay the full cost of repair are not available from Landlord’s Property Policy (or if Landlord chooses to self-insure all or any portion of such Property Policy coverage, that the necessary proceeds would not have been
available if the Property Policy had been in place through third-party insurers) and/or from its other property insurance policies (if any), including without limitation proceeds to cover any earthquake casualty, plus such additional amounts Tenant
elects, at its option, to contribute, excluding however the deductible (for which Tenant shall be responsible for Tenant’s Share not to exceed One Hundred Thousand Dollars ($100,000.00) for any single casualty); (ii) Landlord reasonably
determines that the Premises cannot, with reasonable diligence, be fully repaired by Landlord (or cannot be safely repaired because of the presence of hazardous factors, including without limitation Hazardous Materials, earthquake faults, and other
similar dangers) within two hundred seventy (270) days after the date of the damage; (iii) an Event of Default by Tenant has occurred and is continuing; or (iv) the material damage occurs during the final twelve (12) months of
the Term. Landlord shall notify Tenant in writing (“Landlord’s Notice”) within sixty (60) days after the damage occurs as to (A) whether Landlord is terminating this Lease as a result of such material damage and
(B) if Landlord is not terminating this Lease, the number of days within which Landlord estimates that the Premises, with reasonable diligence, are likely to be fully repaired. In the event Landlord elects to terminate this Lease, this Lease
shall 

  

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terminate as of the date specified for termination by Landlord’s Notice (which termination date shall in no event be later than sixty (60) days
following the date of the damage, or, if no such date is specified, such termination shall be the date of Landlord’s Notice). In the event Landlord elects to terminate this Lease (but not in the event of a termination of this Lease by Tenant
pursuant to Section 11.1(b) below), Tenant shall have no obligation for reimbursement of Landlord’s insurance deductible. 
 (b) If
Landlord has the right to terminate this Lease pursuant to Section 11.1(a) and does not elect to so terminate this Lease, and provided that at the time of Landlord’s Notice neither an uncured Event of Default exists nor has Landlord
delivered Tenant a notice of any failure by Tenant to fulfill an obligation under this Lease which, unless cured by Tenant within the applicable grace period, would constitute an Event of Default, then within ten (10) business days following
delivery of Landlord’s Notice pursuant to Section 11.1(a), Tenant may elect to terminate this Lease by written notice to Landlord, but only if (i) Landlord’s Notice specifies that Landlord has determined that the Premises cannot
be repaired, with reasonable diligence, within two hundred seventy (270) days after the date of damage or (ii) the casualty has occurred within the final twelve (12) months of the Term and such material damage has a materially adverse
impact on Tenant’s continued use of the Premises. If Tenant fails to provide such termination notice within such ten (10) business day period, Tenant shall be deemed to have waived any termination right under this Section 1l.1(b) or
any other applicable law. 
 (c) In the event that neither Landlord nor Tenant terminates this Lease pursuant to this Section 11.1 as a
result of material damage to the Building or Premises resulting from a casualty, Landlord shall repair all material damage to the Premises or the Building as soon as reasonably possible and this Lease shall continue in effect for the remainder of
the Term. Subject to any provision to the contrary in the Work Letter, such repair by Landlord shall include repair of material damage to the Tenant Improvements constructed pursuant to the Work Letter. Landlord’s repair of material damage
shall be at Landlord’s sole cost and expense except for any insurance deductible (for which Tenant shall be responsible for Tenant’s Share, not to exceed One Hundred Thousand Dollars ($100,000.00) for any single casualty). Landlord shall
have the right, but not the obligation, to repair or replace any other leasehold improvements made by Tenant or any Alterations (as defined in Section 7.3) constructed by Tenant as part of Landlord’s repair of material damage, in which
case Tenant shall make available to Landlord upon demand insurance proceeds from insurance required to be maintained by Tenant. If Landlord elects to repair or replace such leasehold improvements and/or Alterations, all insurance proceeds available
for such repair or replacement shall be made available to Landlord. Landlord shall have no liability to Tenant in the event that the Premises or the Building has not been fully repaired within the time period specified by Landlord in Landlord’s
Notice to Tenant as described in Section 11.1(a). Notwithstanding the provisions of this Article XI, the repair of damage to the Premises to the extent such damage is not material shall be governed by Sections 7.1 and 7.2. 
 Notwithstanding anything to the contrary contained in this Section 11.1(c), if for any reasons other than delays caused by Tenant, or other matters
beyond Landlord’s reasonable control, the Premises and/or the Building have not been substantially repaired within the time period specified in Landlord’s Notice to Tenant as described in Section 11.1(a), then Tenant may, by written
notice to Landlord given at any time thereafter but prior to the actual date of the substantial completion of the repair of the Premises or the Building, elect to terminate this Lease effective thirty (30) days from and after the date of such
notice, provided that if Landlord shall substantially complete such repairs on or before the effective date of such termination, then Tenant’s election to terminate this Lease shall thereupon be cancelled and of no further force or effect.
Notwithstanding the foregoing, if at any time during the construction period, Landlord reasonably determines that the substantial completion of said repairs will be delayed beyond the time period specified in Landlord’s Notice (for reasons
other than Tenant-caused delays and/or force majeure delays), then Landlord may notify Tenant in writing of such determination and of a new outside date for completion of such repairs, and Tenant must elect within five (5) days of receipt of
such notice to either terminate this Lease or waive its right to terminate this Lease provided such repairs are substantially completed within thirty (30) days following the new outside date established by Landlord in such notice to Tenant.
Tenant’s failure to elect to terminate this Lease within such five (5) day period shall be deemed Tenant’s waiver of its right to terminate this Lease as provided in this paragraph as to the previous outside date, but not as to the
new outside date established by said notice. 
 (d) Commencing on the date of such material damage to the Building, and ending on the sooner
of the date the damage is repaired or the date this Lease is terminated, the rental to be paid under this Lease shall be abated in the same proportion that the Floor Area of the Premises that is rendered unusable by the damage from time to time
bears to the total Floor Area of the Premises, as reasonably determined by Landlord. 
 (e) Tenant shall fully cooperate with Landlord in
removing Tenant’s personal property and any debris from the Premises to facilitate all inspections of the Premises and the making of any repairs. Notwithstanding anything to the contrary contained in this Lease, if Landlord in good faith
believes there is a risk of injury to persons or damage to property from entry into the Building or Premises following any damage or destruction thereto, Landlord may restrict entry into the Building or the Premises by Tenant, its employees, agents
and contractors in a non-discriminatory manner, without being deemed to have violated Tenant’s rights of quiet enjoyment to, or made an unlawful detainer of, or evicted Tenant from, the Premises. Upon request, Landlord shall consult with Tenant
to determine if there are safe methods of entry into the Building or the Premises solely in order to allow Tenant to retrieve files, data in computers, and necessary inventory, subject however to all indemnities and waivers of liability from Tenant
to Landlord contained in this Lease and any additional indemnities and waivers of liability which Landlord may reasonably require. 
 SECTION 11.2. LEASE GOVERNS. Tenant agrees that the provisions of this Lease, including without limitation Section 11.1, shall govern any damage or destruction and shall accordingly supersede any contrary statute or rule of law.

  

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 ARTICLE XII. EMINENT DOMAIN 
 SECTION 12.1. TOTAL OR PARTIAL TAKING. If all or a material portion of the Premises is taken by any lawful authority by exercise of the right of
eminent domain, or sold to prevent a taking, either Tenant or Landlord may terminate this Lease effective as of the date possession is required to be surrendered to the authority. In the event title to a portion of the Building or Site, whether or
not including a portion of the Premises, is taken or sold to prevent a taking, and if Landlord elects to restore the Building in such a way as to alter the Premises materially, either party may terminate this Lease, by written notice to the other
party, effective on the date of vesting of title. In the event neither party has elected to terminate this Lease as provided above, then Landlord shall promptly, after receipt of a sufficient condemnation award, proceed to restore the Premises to
substantially their condition prior to the taking, and a proportionate allowance shall be made to Tenant for the rent corresponding to the time during which, and to the part of the Premises of which, Tenant is deprived on account of the taking and
restoration. In the event of a taking, Landlord shall be entitled to the entire amount of the condemnation award without deduction for any estate or interest of Tenant; provided that nothing in this Section shall be deemed to give Landlord any
interest in, or prevent Tenant from seeking any award against the taking authority for, the taking of personal property and fixtures belonging to Tenant or for relocation or business interruption expenses recoverable from the taking authority.

 SECTION 12.2. TEMPORARY TAKING. No temporary taking of the Premises shall terminate this Lease or give Tenant any right to
abatement of rent, and any award specifically attributable to a temporary taking of the Premises shall belong entirely to Tenant. A temporary taking shall be deemed to be a taking of the use or occupancy of the Premises for a period of not to exceed
ninety (90) days. 
 SECTION 12.3. TAKING OF PARKING AREA. In the event there shall be a taking of the parking area of the Site
such that Landlord can no longer provide sufficient parking to comply with this Lease, Landlord may substitute reasonably equivalent parking in a location reasonably close to the Building; provided that if Landlord fails to make that substitution
within ninety (90) days following the taking and if the taking materially impairs Tenant’s use and enjoyment of the Premises, Tenant may, at its option, terminate this Lease by written notice to Landlord. If this Lease is not so terminated
by Tenant, there shall be no abatement of rent and this Lease shall continue in effect. 
 ARTICLE XIII. SUBORDINATION; ESTOPPEL
CERTIFICATE; FINANCIALS 
 SECTION 13.1. SUBORDINATION. At the option of Landlord or any lender of Landlord’s that obtains a
security interest in the Building, this Lease shall be either superior or subordinate to all ground or underlying leases, mortgages and deeds of trust, if any, which may hereafter affect the Building, and to all renewals, modifications,
consolidations, replacements and extensions thereof; provided, that so long as no uncured Event of Default exists under this Lease, Tenant’s possession and quiet enjoyment of the Premises shall not be disturbed and this Lease shall not
terminate in the event of termination of any such ground or underlying lease, or the foreclosure of any such mortgage or deed of trust, to which this Lease has been subordinated pursuant to this Section. Tenant shall, at any time upon not less than
twenty (20) days prior written notice from Landlord, execute and deliver any documents or agreements that are in commercially reasonable form and are requested by Landlord or such lessor or lender which provide Tenant with the non-disturbance
protections set forth in this Section. In the event of a termination or foreclosure, Tenant shall become a tenant of and attorn to the successor-in-interest to Landlord upon the same terms and conditions as are contained in this Lease, and shall
execute any instrument reasonably required by Landlord’s successor for that purpose. Tenant shall also, upon written request of Landlord, execute and deliver all instruments as may be required from time to time to subordinate the rights of
Tenant under this Lease to any ground or underlying lease or to the lien of any mortgage or deed of trust (provided that such instruments include the nondisturbance and attornment provisions set forth above and are in commercially reasonable form),
or, if requested by Landlord, to subordinate, in whole or in part, any ground or underlying lease or the lien of any mortgage or deed of trust to this Lease. Tenant agrees that any purchaser at a foreclosure sale or lender taking title under a
deed-in-lieu of foreclosure shall not be responsible for any act or omission of a prior landlord, shall not be subject to any offsets or defenses Tenant may have against a prior landlord, and shall not be liable for the return of the security
deposit to the extent it is not actually received by such purchaser or bound by any rent paid for more than the current month in which the foreclosure occurred. 
 Landlord hereby represents and warrants to Tenant that, as of the execution of this Lease, the Premises and the Site are not encumbered by any deed of trust, mortgage or ground lease referred to in Section 13.1
above. 
 SECTION 13.2. ESTOPPEL CERTIFICATE. 
 (a) Tenant shall at any time upon not less than twenty (20) days prior written notice from Landlord, execute, acknowledge and deliver to Landlord, in any commercially reasonable form that Landlord may reasonably
require, a statement in writing (i) certifying that this Lease is unmodified and in full force and effect (or, if modified, stating the nature of the modification and certifying that this Lease, as modified, is in full force and effect) and the
dates to which the rental, additional rent and other charges have been paid in advance, if any, and (ii) acknowledging that, to Tenant’s knowledge, there are no uncured defaults on the part of Landlord, or specifying each default if any
are claimed, and (iii) setting forth all further information that Landlord or any prospective purchaser or encumbrancer may reasonably require. Tenant’s statement may be relied upon by any prospective purchaser or encumbrancer of all or
any portion of the Building or Site. 
  

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 (b) Notwithstanding any other rights and remedies of Landlord, Tenant’s failure to deliver any
estoppel statement within the provided time shall be conclusive upon Tenant that (i) this Lease is in full force and effect, without modification except as may be represented by Landlord, (ii) there are no uncured Events of Default in
Landlord’s performance, and (iii) not more than one month’s rental has been paid in advance. 
 SECTION 13.3. FINANCIALS.

 (a) Tenant shall deliver to Landlord, prior to the execution of this Lease and thereafter at any time and from time to time within
twenty (20) days following Landlord’s written request (but not more frequently than once during any calendar year during the Term), Tenant’s current tax returns and financial statements, certified to be true, accurate and complete by
the chief financial officer of Tenant, including a balance sheet and profit and loss statement for the most recent prior year, (collectively, the “Statements”), which Statements shall accurately and completely reflect the financial
condition of Tenant; provided, however, that in the event and so long as Tenant is a publicly traded corporation on a nationally recognized stock exchange, the foregoing obligation to deliver the Statements shall be waived. If delivered to Landlord
marked or otherwise designated as “confidential”, Landlord agrees that it will keep the Statements confidential, except that Landlord shall have the right to deliver the same to any proposed purchaser of the Building or Site, and to any
encumbrancer or proposed encumbrancer of all or any portion of the Building or Site. 
 (b) Tenant acknowledges that Landlord is relying on
the Statements in its determination to enter into this Lease, and Tenant represents to Landlord, which representation shall be deemed made on the date of this Lease, that no material change in the financial condition of Tenant, as reflected in the
Statements, has occurred since the date Tenant delivered the Statements to Landlord. The Statements are represented and warranted by Tenant to be correct and to accurately and fully reflect Tenant’s true financial condition as of the date of
submission of any Statements to Landlord. 
 ARTICLE XIV. EVENTS OF DEFAULT AND REMEDIES 
 SECTION 14.1. TENANT’S DEFAULTS. The occurrence of any one or more of the following events (following the expiration of any cure period set
forth below, if any is provided) shall constitute an ‘Event of Default” by Tenant: 
 (a) The failure by Tenant to make any payment
of Basic Rent or additional rent required to be made by Tenant, as and when due, where the failure continues for a period of five (5) days after written notice from Landlord to Tenant; provided, however, that any such notice shall be in lieu
of, and not in addition to, any notice required under California Code of Civil Procedure Section 1161 and 1161(a) as amended. For purposes of these Events of Default and remedies provisions, the term “additional rent” shall be
deemed to include all amounts of any type whatsoever other than Basic Rent to be paid by Tenant pursuant to the terms of this Lease and the Work Letter. 
 (b) Except as provided in Article IX of this Lease, the assignment, sublease, encumbrance or other transfer of this Lease by Tenant, either voluntarily or by operation of law, whether by judgment, execution, transfer
by intestacy or testacy, or other means, where such assignment, sublease, encumbrance or other transfer remains in effect for a period of fifteen (15) days after written notice from Landlord to Tenant. 
 (c) The discovery by Landlord that any financial statement provided by Tenant, or by any affiliate, successor or guarantor of Tenant, was materially
false. 
 (d) The failure of Tenant to timely and fully provide any subordination agreement, estoppel certificate or financial statements in
accordance with the requirements of Article XIII, where the failure continues for a period of three (3) business days after written notice from Landlord to Tenant. 
 (e) The abandonment of the Premises by Tenant. 
 (f) The failure or inability by Tenant to observe or perform any of the express or implied covenants or provisions of this Lease to be observed or performed by Tenant, other than as specified in this Section 14.1, where the failure
continues for a period of thirty (30) days after written notice from Landlord to Tenant or such shorter period as is specified in any other provision of this Lease; provided, however, that any such notice shall be in lieu of, and not in
addition to, any notice required under California Code of Civil Procedure Section 1161 and 1161(a) as amended (but the foregoing shall not limit or modify the cure periods specifically set forth in this Section 14). However, if the nature
of the failure is such that more than thirty (30) days are reasonably required for its cure, then an Event of Default shall not be deemed to have occurred if Tenant commences the cure within thirty (30) days, and thereafter diligently
pursues the cure to completion. 
 (g)(i) The making by Tenant of any general assignment for the benefit of creditors; (ii) the filing
by or against Tenant of a petition to have Tenant adjudged a Chapter 7 debtor under the Bankruptcy Code or to have debts discharged or for reorganization or arrangement under any law relating to bankruptcy (unless, in the case of a petition filed
against Tenant, the same is dismissed within sixty (60) days); (iii) the appointment of a trustee or receiver to take possession of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this
Lease, if possession is not restored to Tenant within sixty (60) days; (iv) the attachment, execution or other judicial seizure of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this
Lease, where the seizure is not discharged within sixty (60) days; (v) Tenant’s convening of a meeting of its creditors for the purpose 

  

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of effecting a moratorium upon or composition of its debts or (vi) the failure of Tenant to pay its material obligations to creditors as and when they
become due and payable, other than as a result of a good faith dispute by Tenant as to the amount due to such creditors. Landlord shall not be deemed to have knowledge of any event described in this Section 14.1(g) unless notification in
writing is received by Landlord, nor shall there be any presumption attributable to Landlord of Tenant’s insolvency. In the event that any provision of this Section 14.1(g) is contrary to applicable law, the provision shall be of no force
or effect. 
 (h) Any other breach of this Lease which this Lease provides is an Event of Default. 
 SECTION 14.2. LANDLORD’S REMEDIES. 
 (a) If an Event of Default by Tenant occurs, then in addition to any other remedies available to Landlord, Landlord may exercise the following remedies: 
 (i) Landlord may terminate Tenant’s right to possession of the Premises by any lawful means, in which case this Lease shall terminate
and Tenant shall immediately surrender possession of the Premises to Landlord. Such termination shall not affect any accrued obligations of Tenant under this Lease. Upon termination, Landlord shall have the right to reenter the Premises and remove
all persons and property. Landlord shall also be entitled to recover from Tenant (and to retain, use or apply any Security Deposit held by Landlord towards amounts estimated by Landlord as): 
 (1) The worth at the time of award of the unpaid Basic Rent and additional rent which had been earned at the time of termination;

 (2) The worth at the time of award of the amount by which the unpaid Basic Rent and additional rent which would have been
earned after termination until the time of award exceeds the amount of such loss that Tenant proves could have been reasonably avoided; 
 (3) The worth at the time of award of the amount by which the unpaid Basic Rent and additional rent for the balance of the Term after the time of award exceeds the amount of such loss that Tenant proves could be
reasonably avoided; 
 (4) Any other amount necessary to compensate Landlord for all the detriment proximately caused by
Tenant’s failure to perform its obligations under this Lease or which in the ordinary course of things would be likely to result from Tenant’s Event of Default, including, but not limited to, the cost of recovering possession of the
Premises, refurbishment of the Premises, marketing costs, commissions and other expenses of reletting, including necessary repair, the unamortized portion of any tenant improvements and brokerage commissions funded by Landlord in connection with
this Lease, reasonable attorneys’ fees, and any other reasonable costs; and 
 (5) At Landlord’s election, all other
amounts in addition to or in lieu of the foregoing as may be permitted by law. The term “rent” as used in the Lease shall be deemed to mean the Basic Rent, Tenant’s Share of Operating Expenses and any other sums required to be paid by
Tenant to Landlord pursuant to the terms of this Lease whether or not designated as additional rent hereunder, including, without limitation, any sums that may be owing from Tenant pursuant to Section 4.3 of this Lease. Any sum, other than
Basic Rent, shall be computed on the basis of the average monthly amount accruing during the twenty-four (24) month period immediately prior to the Event of Default, except that if it becomes necessary to compute such rental before the
twenty-four (24) month period has occurred, then the computation shall be on the basis of the average monthly amount during the shorter period. As used in Sections 14.2(a)(i) (1) and (2) above, the “worth at the time of
award” shall be computed by allowing interest at the rate of ten percent (10%) per annum. As used in Section 14.2(a)(i)(3) above, the “worth at the time of award” shall be computed by discounting the amount at the discount
rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%). 
 (ii) Landlord may elect not
to terminate Tenant’s right to possession of the Premises and to continue to enforce all of its rights and remedies under this Lease, including the right to collect all rent as it becomes due as provided in Civil Code Section 1951.4.
Efforts by the Landlord to maintain, preserve or relet the Premises, or the appointment of a receiver to protect the Landlord’s interests under this Lease, shall not constitute a termination of the Tenant’s right to possession of the
Premises. In the event that Landlord elects to avail itself of the remedy provided by this Section 14.2(a)(ii), Landlord shall not unreasonably withhold its consent to an assignment or subletting of the Premises subject to the reasonable
standards for Landlord’s consent as are contained in this Lease. 
 (b) The various rights and remedies reserved to Landlord in this
Lease or otherwise shall be cumulative and, except as otherwise provided by California law, Landlord may pursue any or all of its rights and remedies at the same time. 
 (c) No delay or omission of Landlord to exercise any right or remedy shall be construed as a waiver of the right or remedy or of any breach or Event of Default by Tenant. The acceptance by Landlord of rent shall not
be a (i) waiver of any preceding breach or Event of Default by Tenant of any provision of this Lease, other than the failure of Tenant to pay the particular rent accepted, regardless of Landlord’s knowledge of the preceding breach or Event
of Default at the time of acceptance of rent, or (ii) a waiver of Landlord’s right to exercise any remedy available to Landlord by virtue of the breach or Event of Default. No payment by Tenant or receipt by Landlord of a 

  

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lesser amount than the rent required by this Lease shall be deemed to be other than a partial payment on account of the earliest due stipulated rent, nor
shall any endorsement or statement on any check or letter be deemed an accord and satisfaction and Landlord shall accept the check or payment without prejudice to Landlord’s right to recover the balance of the rent or pursue any other remedy
available to it. No act or thing done by Landlord or Landlord’s agents during the Term shall be deemed an acceptance of a surrender of the Premises, and no agreement to accept a surrender shall be valid unless in writing and signed by Landlord.
No employee of Landlord or of Landlord’s agents shall have any power to accept the keys to the Premises prior to the termination of this Lease, and the delivery of the keys to any employee shall not operate as a termination of this Lease or a
surrender of the Premises. 
 SECTION 14.3. LATE PAYMENTS. 
 (a) Any payment due to Landlord under this Lease, including without limitation Basic Rent, Tenant’s Share of Operating Expenses or any other payment
due to Landlord under this Lease whether or not designated as additional rent hereunder, that is not received by Landlord within five (5) days following the date due shall bear interest at the maximum rate permitted by law from the date due
until fully paid. The payment of interest shall not cure any breach or Event of Default by Tenant under this Lease. In addition, Tenant acknowledges that the late payment by Tenant to Landlord of Basic Rent and Tenant’s Share of Operating
Expenses will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult and impracticable to ascertain. Those costs may include, but are not limited to, administrative, processing and
accounting charges, and late charges which may be imposed on Landlord by the terms of any ground lease, mortgage or trust deed covering the Premises. Accordingly, if any Basic Rent or Tenant’s Share of Operating Expenses due from Tenant shall
not be received by Landlord or Landlord’s designee within five (5) days following the date due, then Tenant shall pay to Landlord, in addition to the interest provided above, a late charge, which the Tenant agrees is reasonable, in a sum
equal to the greater of five percent (5%) of the amount overdue or One Hundred Dollars ($100.00) for each delinquent payment. Notwithstanding the foregoing, the late fee for the initial late payment of Basic Rent and/or Operating Expenses
during each calendar year of the Term shall be waived. Acceptance of a late charge by Landlord shall not constitute a waiver of Tenant’s breach or Event of Default with respect to the overdue amount, nor shall it prevent Landlord from
exercising any of its other rights and remedies. 
 (b) Following each second installment of Basic Rent and/or the payment of Tenant’s
Share of Operating Expenses within any twelve (12) month period that is not paid within five (5) days following the date due, Landlord shall have the option to require that beginning with the first payment of Basic Rent next due, Basic
Rent and the Tenant’s Share of Operating Expenses shall no longer be paid in monthly installments but shall be payable quarterly three (3) months in advance. Should Tenant deliver to Landlord, at any time during the Term, two (2) or
more insufficient checks, the Landlord may require that all monies then and thereafter due from Tenant be paid to Landlord by cashier’s check. If any check for any payment to Landlord hereunder is returned by the bank for any reason, such
payment shall not be deemed to have been received by Landlord and Tenant shall be responsible for any applicable late charge, interest payment and the charge to Landlord by its bank for such returned check. Nothing in this Section shall be construed
to compel Landlord to accept Basic Rent, Tenant’s Share of Operating Expenses or any other payment from Tenant if there exists an Event of Default unless such payment fully cures any and all such Events of Default. Any acceptance of any such
payment shall not be deemed to waive any other right of Landlord under this Lease. Any payment by Tenant to Landlord may be applied by Landlord, in its sole and absolute discretion, in any order determined by Landlord to any amounts then due to
Landlord. 
 SECTION 14.4. RIGHT OF LANDLORD TO PERFORM. All covenants and agreements to be performed by Tenant under this Lease shall
be performed at Tenant’s sole cost and expense and without any abatement of rent or right of set-off. If Tenant fails to pay any sum of money, other than rent payable to Landlord, or fails to perform any other act on its part to be performed
under this Lease, and the failure continues beyond any applicable grace period set forth in Section 14.1, then in addition to any other available remedies, Landlord may, at its election make the payment or perform the other act on Tenant’s
part and Tenant hereby grants Landlord the right to enter onto the Premises in order to carry out such performance. Landlord’s election to make the payment or perform the act on Tenant’s part shall not give rise to any responsibility of
Landlord to continue making the same or similar payments or performing the same or similar acts nor shall Landlord be responsible to Tenant for any damage caused to Tenant as the result of such performance by Landlord. Tenant shall, promptly upon
demand by Landlord, reimburse Landlord for all sums paid by Landlord and all necessary incidental costs, together with interest at the maximum rate permitted by law (not to exceed ten percent (10%) per annum) from the date of the payment by
Landlord. 
 SECTION 14.5. DEFAULT BY LANDLORD. Landlord shall not be deemed to be in default in the performance of any obligation
under this Lease, and Tenant shall have no rights to take any action against Landlord, unless and until Landlord has failed to perform the obligation within thirty (30) days after written notice by Tenant to Landlord specifying in reasonable
detail the nature and extent of the failure; provided, however, that if the nature of Landlord’s obligation is such that more than thirty (30) days are required for its performance, then Landlord shall not be deemed to be in default if it
commences performance within the thirty (30) day period and thereafter diligently pursues the cure to completion. In the event of Landlord’s default under this Lease, Tenant’s sole remedies shall be to seek damages or specific
performance from Landlord, provided that any damages shall be limited to Tenant’s actual out-of-pocket expenses and shall in no event include any consequential damages, lost profits or opportunity costs. 
 SECTION 14.6. EXPENSES AND LEGAL FEES. All sums reasonably incurred by Landlord in connection with any Event of Default by Tenant under this Lease
or holding over of possession by Tenant after the expiration or earlier termination of this Lease, or any action related to a filing for bankruptcy or reorganization by Tenant, including without limitation all reasonable costs, expenses and actual
accountants, appraisers, attorneys and 

  

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other professional fees, and any collection agency or other collection charges, shall be due and payable to Landlord on demand, and shall bear interest at
the rate of ten percent (10%) per annum. Should either Landlord or Tenant bring any action in connection with this Lease, the prevailing party shall be entitled to recover as a part of the action its reasonable attorneys’ fees, and all
other costs. The prevailing party for the purpose of this Section shall be determined by the trier of the facts. 
 SECTION 14.7. WAIVER
OF JURY TRIAL/JUDICIAL REFERENCE. 
 (a) LANDLORD AND TENANT EACH ACKNOWLEDGES THAT IT IS AWARE OF AND HAS HAD THE ADVICE OF COUNSEL
OF ITS CHOICE WITH RESPECT TO ITS RIGHTS TO TRIAL BY JURY, AND TO THE EXTENT ENFORCEABLE UNDER CALIFORNIA LAW, EACH PARTY DOES HEREBY EXPRESSLY AND KNOWINGLY WAIVE AND RELEASE ALL SUCH RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM BROUGHT BY EITHER PARTY HERETO AGAINST THE OTHER (AND/OR AGAINST ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR SUBSIDIARY OR AFFILIATED ENTITIES) ON ANY MATTERS WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS LEASE,
TENANT’S USE OR OCCUPANCY OF THE PREMISES AND/OR ANY CLAIM OF INJURY OR DAMAGE. FURTHERMORE, THIS WAIVER AND RELEASE OF ALL RIGHTS TO A JURY TRIAL IS DEEMED TO BE INDEPENDENT OF EACH AND EVERY OTHER PROVISION, COVENANT, AND/OR CONDITION
SET FORTH IN THIS LEASE. 
 (b) IN THE EVENT THAT THE JURY WAIVER PROVISIONS OF SECTION 14.7(a) ARE NOT ENFORCEABLE UNDER CALIFORNIA
LAW, THEN THE PROVISIONS OF THIS SECTION 14.7(b) SHALL APPLY. IT IS THE DESIRE AND INTENTION OF THE PARTIES TO AGREE UPON A MECHANISM AND PROCEDURE UNDER WHICH CONTROVERSIES AND DISPUTES ARISING OUT OF THIS LEASE OR RELATED TO THE PREMISES WILL BE
RESOLVED IN A PROMPT AND EXPEDITIOUS MANNER. ACCORDINGLY, EXCEPT WITH RESPECT TO ACTIONS FOR UNLAWFUL OR FORCIBLE DETAINER OR WITH RESPECT TO THE PREJUDGMENT REMEDY OF ATTACHMENT OR WITH RESPECT TO MATTERS EXPRESSLY STATED TO BE RESOLVED PURSUANT TO
THE PROVISIONS OF SECTION 22.8 OF THIS LEASE, ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER PARTY HERETO AGAINST THE OTHER (AND/OR AGAINST ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR SUBSIDIARY OR AFFILIATED ENTITIES) ON ANY MATTERS
WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS LEASE, TENANT’S USE OR OCCUPANCY OF THE PREMISES AND/OR ANY CLAIM OF INJURY OR DAMAGE, SHALL BE HEARD AND RESOLVED BY A REFEREE UNDER THE PROVISIONS OF THE CALIFORNIA CODE OF CIVIL
PROCEDURE, SECTIONS 638 – 645.1, INCLUSIVE (AS SAME MAY BE AMENDED, OR ANY SUCCESSOR STATUTE(S) THERETO) (THE “REFEREE SECTIONS”). ANY FEE TO INITIATE THE JUDICIAL REFERENCE PROCEEDINGS SHALL BE PAID BY THE PARTY INITIATING SUCH
PROCEDURE; PROVIDED HOWEVER, THAT THE COSTS AND FEES, INCLUDING ANY INITIATION FEE, OF SUCH PROCEEDING SHALL ULTIMATELY BE BORNE IN ACCORDANCE WITH SECTION 14.6 ABOVE. THE VENUE OF THE PROCEEDINGS SHALL BE IN THE COUNTY IN WHICH THE PREMISES ARE
LOCATED. WITHIN TEN (10) DAYS OF DELIVERY BY ANY PARTY TO THE OTHER PARTY OF A WRITTEN REQUEST TO RESOLVE ANY DISPUTE OR CONTROVERSY PURSUANT TO THIS SECTION 14.7(b), THE PARTIES SHALL AGREE UPON A SINGLE REFEREE WHO SHALL TRY ALL ISSUES,
WHETHER OF FACT OR LAW, AND REPORT A FINDING AND JUDGMENT ON SUCH ISSUES AS REQUIRED BY THE REFEREE SECTIONS. IF THE PARTIES ARE UNABLE TO AGREE UPON A REFEREE WITHIN SUCH TEN (10) DAY PERIOD, THEN ANY PARTY MAY THEREAFTER FILE A LAWSUIT IN THE
COUNTY IN WHICH THE PREMISES ARE LOCATED FOR THE PURPOSE OF APPOINTMENT OF A REFEREE UNDER CALIFORNIA CODE OF CIVIL PROCEDURE SECTIONS 638 AND 640, AS SAME MAY BE AMENDED OF ANY SUCCESSOR STATUTE(S) THERETO. IF THE REFEREE IS APPOINTED BY THE COURT,
THE REFEREE SHALL BE A NEUTRAL AND IMPARTIAL RETIRED JUDGE WITH SUBSTANTIAL EXPERIENCE IN THE RELEVANT MATTERS TO BE DETERMINED, FROM JAMS/ENDISPUTE, INC., THE AMERICAN ARBITRATION ASSOCIATION OR SIMILAR MEDIATION/ARBITRATION ENTITY. THE PROPOSED
REFEREE MAY BE CHALLENGED BY ANY PARTY FOR ANY OF THE GROUNDS LISTED IN SECTION 641 OF THE CALIFORNIA CODE OF CIVIL PROCEDURE, AS SAME MAY BE AMENDED OR ANY SUCCESSOR STATUTE(S) THERETO. THE REFEREE SHALL HAVE THE POWER TO DECIDE ALL ISSUES OF FACT
AND LAW AND REPORT HIS OR HER DECISION ON SUCH ISSUES, AND TO ISSUE ALL RECOGNIZED REMEDIES AVAILABLE AT LAW OR IN EQUITY FOR ANY CAUSE OF ACTION THAT IS BEFORE THE REFEREE, INCLUDING AN AWARD OF ATTORNEYS’ FEES AND COSTS IN ACCORDANCE WITH
CALIFORNIA LAW. THE REFEREE SHALL NOT, HOWEVER, HAVE THE POWER TO AWARD PUNITIVE DAMAGES, NOR ANY OTHER DAMAGES WHICH ARE NOT PERMITTED BY THE EXPRESS PROVISIONS OF THIS LEASE, AND THE PARTIES HEREBY WAIVE ANY RIGHT TO RECOVER ANY SUCH DAMAGES. THE
PARTIES SHALL BE ENTITLED TO CONDUCT ALL DISCOVERY AS PROVIDED IN THE CALIFORNIA CODE OF CIVIL PROCEDURE, AND THE REFEREE SHALL OVERSEE DISCOVERY AND MAY ENFORCE ALL DISCOVERY ORDERS IN THE SAME MANNER AS ANY TRIAL COURT JUDGE, WITH RIGHTS TO
REGULATE DISCOVERY AND TO ISSUE AND ENFORCE SUBPOENAS, PROTECTIVE ORDERS AND OTHER LIMITATIONS ON DISCOVERY AVAILABLE UNDER CALIFORNIA LAW. THE REFERENCE PROCEEDING SHALL BE CONDUCTED IN ACCORDANCE WITH CALIFORNIA LAW (INCLUDING THE RULES OF
EVIDENCE), AND IN ALL REGARDS, THE REFEREE SHALL FOLLOW CALIFORNIA LAW APPLICABLE AT THE TIME OF THE REFERENCE PROCEEDING. IN 

  

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ACCORDANCE WITH SECTION 644 OF THE CALIFORNIA CODE OF CIVIL PROCEDURE, THE DECISION OF THE REFEREE UPON THE WHOLE ISSUE MUST STAND AS THE DECISION OF THE
COURT, AND UPON THE FILING OF THE STATEMENT OF DECISION WITH THE CLERK OF THE COURT, OR WITH THE JUDGE IF THERE IS NO CLERK, JUDGMENT MAY BE ENTERED THEREON IN THE SAME MANNER AS IF THE ACTION HAD BEEN TRIED BY THE COURT. THE PARTIES SHALL PROMPTLY
AND DILIGENTLY COOPERATE WITH ONE ANOTHER AND THE REFEREE, AND SHALL PERFORM SUCH ACTS AS MAY BE NECESSARY TO OBTAIN A PROMPT AND EXPEDITIOUS RESOLUTION OF THE DISPUTE OR CONTROVERSY IN ACCORDANCE WITH THE TERMS OF THIS SECTION 14.7(b). TO THE
EXTENT THAT NO PENDING LAWSUIT HAS BEEN FILED TO OBTAIN THE APPOINTMENT OF A REFEREE, ANY PARTY, AFTER THE ISSUANCE OF THE DECISION OF THE REFEREE, MAY APPLY TO THE COURT OF THE COUNTY IN WHICH THE PREMISES ARE LOCATED FOR CONFIRMATION BY THE COURT
OF THE DECISION OF THE REFEREE IN THE SAME MANNER AS A PETITION FOR CONFIRMATION OF AN ARBITRATION AWARD PURSUANT TO CODE OF CIVIL PROCEDURE SECTION 1285 ET SEQ. (AS SAME MAY BE AMENDED OR ANY SUCCESSOR STATUTE(S) THERETO). 
 SECTION 14.8. SATISFACTION OF JUDGMENT. The obligations of Landlord do not constitute the personal obligations of the individual partners,
trustees, directors, officers, members or shareholders of Landlord or its constituent partners or members. Should Tenant recover a money judgment against Landlord, such judgment shall be satisfied only from the interest of Landlord in the Site and
out of the rent or other income from such property receivable by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or interest in the Site and no action for
any deficiency may be sought or obtained by Tenant. 
 ARTICLE XV. END OF TERM 
 SECTION 15.1. HOLDING OVER. This Lease shall terminate without further notice upon the expiration of the Term, and any holding over by Tenant
after the expiration shall not constitute a renewal or extension of this Lease, or give Tenant any rights under this Lease, except when in writing signed by both parties. Any period of time following the Expiration Date or earlier termination of
this Lease required for Tenant to remove its property or to place the Premises in the condition required pursuant to Section 15.3 (or for Landlord to do so if Tenant fails to do so) shall be deemed a holding over by Tenant. If Tenant holds over
for any period after the Expiration Date (or earlier termination) of the Term without the prior written consent of Landlord, such possession shall constitute a tenancy at sufferance only and an Event of Default under this Lease; such holding over
with the prior written consent of Landlord shall constitute a month-to-month tenancy commencing on the first (1st) day following the termination of this Lease and terminating thirty (30) days following delivery of written notice of
termination by either Landlord or Tenant to the other . In either of such events, possession shall be subject to all of the terms of this Lease, except that the monthly Basic Rent shall be the greater of (a) one hundred fifty percent
(150%) of the Basic Rent for the month immediately preceding the date of termination or (b) the fair market rental for the Premises. If Tenant fails to surrender the Premises upon the expiration of this Lease despite demand to do so by
Landlord, Tenant shall indemnify and hold Landlord harmless from all loss or liability, including without limitation, any claims made by any succeeding tenant relating to such failure to surrender. Acceptance by Landlord of rent after the
termination shall not constitute a consent to a holdover or result in a renewal of this Lease. The foregoing provisions of this Section are in addition to and do not affect Landlord’s right of re-entry or any other rights of Landlord under this
Lease or at law. 
 SECTION 15.2. MERGER ON TERMINATION. The voluntary or other surrender of this Lease by Tenant, or a mutual
termination of this Lease, shall terminate any or all existing subleases unless Landlord, at its option, elects in writing to treat the surrender or termination as an assignment to it of any or all subleases affecting the Premises. 
 SECTION 15.3. SURRENDER OF PREMISES; REMOVAL OF PROPERTY. Subject to the provisions of Section 7.3 of this Lease and of the Work Letter
attached hereto, upon the Expiration Date or upon any earlier termination of this Lease, Tenant shall quit and surrender possession of the Premises to Landlord in as good order, condition and repair as when received or as hereafter may be improved
by Landlord or Tenant, reasonable wear and tear, casualty, condemnation and repairs which are Landlord’s obligation excepted, and shall, without expense to Landlord, remove or cause to be removed from the Premises all personal property,
removable trade fixtures, and equipment and debris and perform all work required under Section 7.3 of this Lease and/or the Work Letter attached hereto (including the “Restoration Requirement” as defined in the Work Letter) as to
Replacements of Non-Standard Improvements and removal of Alterations, except for any items that Landlord may by written authorization allow to remain. Tenant shall repair all damage to the Premises resulting from the removal, which repair shall
include the patching and filling of holes and repair of structural damage, provided that Landlord may instead elect to repair any structural damage at Tenant’s expense. If Tenant shall fail to comply with the provisions of this Section,
Landlord may effect the removal and/or make any repairs, and the cost to Landlord shall be additional rent payable by Tenant upon demand. If Tenant fails to remove Tenant’s personal property from the Premises upon the expiration of the Term,
Landlord may remove, store, dispose of and/or retain such personal property, at Landlord’s option, in accordance with then applicable laws, all at the expense of Tenant. If requested by Landlord, Tenant shall execute, acknowledge and deliver to
Landlord an instrument in writing releasing and quitclaiming to Landlord all right, title and interest of Tenant in the Premises. 
  

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 ARTICLE XVI. PAYMENTS AND NOTICES 
 All sums payable by Tenant to Landlord shall be deemed to be rent under this Lease and shall be paid, without deduction or offset, in lawful money of the
United States to Landlord at the address specified in Item 13 of the Basic Lease Provisions, or at any other place as Landlord may designate in writing. Unless this Lease expressly provides otherwise, as for example in the payment of Basic Rent
and the Tenant’s Share of Operating Expenses pursuant to Sections 4.1 and 4.2, all payments shall be due and payable within five (5) days after demand. All payments requiring proration shall be prorated on the basis of the number of
days in the pertinent calendar month or year, as applicable. Any notice, election, demand, consent, approval or other communication to be given or other document to be delivered by either party to the other may be delivered in person or by courier
or overnight delivery service to the other party, or may be deposited in the United States mail, duly registered or certified, postage prepaid, return receipt requested, and addressed to the other party at the address set forth in Item 12 of
the Basic Lease Provisions. Either party may, by written notice to the other, served in the manner provided in this Article, designate a different address. If any notice or other document is sent by mail, duly registered or certified, it shall be
deemed served or delivered three (3) business days after mailing. If more than one person or entity is named as Tenant under this Lease, service of any notice upon any one of them shall be deemed as service upon all of them. 
 ARTICLE XVII. RULES AND REGULATIONS 
 Tenant agrees to observe faithfully and comply strictly with the Rules and Regulations, attached as Exhibit E, and any reasonable and nondiscriminatory amendments, modifications and/or additions as may be adopted and published
by written notice to tenants by Landlord for the safety, care, security, good order, or cleanliness of the Premises, Building, Site and Common Areas. Landlord shall not be liable to Tenant for any violation of the Rules and Regulations or the breach
of any covenant or condition in any lease by any other tenant or such tenant’s agents, employees, contractors, guests or invitees. One or more waivers by Landlord of any breach of the Rules and Regulations by Tenant or by any other tenant(s)
shall not be a waiver of any subsequent breach of that rule or any other. Tenant’s failure to keep and observe the Rules and Regulations shall constitute a breach of this Lease. In the case of any conflict between the Rules and Regulations and
this Lease, this Lease shall be controlling. 
 ARTICLE XVIII. BROKER’S COMMISSION 
 The parties recognize as the broker(s) who negotiated this Lease the firm(s), whose name(s) is (are) stated in Item 10 of the Basic Lease
Provisions, and agree that Landlord shall be responsible for the payment of brokerage commissions to those broker(s) unless otherwise provided in this Lease. It is understood and agreed that Landlord’s Broker represents only Landlord in this
transaction and that Tenant’s Broker (if any) represents only Tenant. Each party warrants that it has had no dealings with any other real estate broker or agent in connection with the negotiation of this Lease, and agrees to indemnify and hold
the other party harmless from any cost, expense or liability (including reasonable attorneys’ fees) for any compensation, commissions or charges claimed by any other real estate broker or agent employed by the indemnifying party in connection
with the negotiation of this Lease. The foregoing agreement shall survive the termination of this Lease. 
 ARTICLE XIX. TRANSFER OF
LANDLORD’S INTEREST 
 In the event of any transfer of Landlord’s interest in the Premises, provided the transferee assumes in
writing the transferor’s obligations under this Lease accruing from and after the effective date of said transfer, the transferor shall be automatically relieved of all further obligations on the part of Landlord, and the transferor shall be
relieved of any obligation to pay any funds in which Tenant has an interest to the extent that such funds have been turned over, subject to that interest, to the transferee and Tenant is notified of the transfer as required by law. No beneficiary of
a deed of trust to which this Lease is or may be subordinate, and no landlord under a so-called sale-leaseback, shall be responsible in connection with the Security Deposit, unless the mortgagee or beneficiary under the deed of trust or the landlord
actually receives the Security Deposit. It is intended that the covenants and obligations contained in this Lease on the part of Landlord shall, subject to the foregoing, be binding on Landlord, its successors and assigns, only during and with
respect to obligations arising during their respective successive periods of ownership. 
 ARTICLE XX. INTERPRETATION 
 SECTION 20.1. GENDER AND NUMBER. Whenever the context of this Lease requires, the words “Landlord” and “Tenant”
shall include the plural as well as the singular, and words used in neuter, masculine or feminine genders shall include the others. 
 SECTION 20.2. HEADINGS. The captions and headings of the articles and sections of this Lease are for convenience only, are not a part of this Lease and shall have no effect upon its construction or interpretation. 
 SECTION 20.3. JOINT AND SEVERAL LIABILITY. If more than one person or entity is named as Tenant, the obligations imposed upon each shall be joint
and several and the act of or notice from, or notice or refund to, or the signature of, any one or more of them shall be binding on all of them with respect to the tenancy of this Lease, including, but not limited to, any renewal, extension,
termination or modification of this Lease. 
 SECTION 20.4. SUCCESSORS. Subject to Articles IX and XIX, all rights and liabilities
given to or imposed upon Landlord and Tenant shall extend to and bind their respective heirs, executors, administrators, 

  

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successors and assigns. Nothing contained in this Section is intended, or shall be construed, to grant to any person other than Landlord and Tenant and their
successors and assigns any rights or remedies under this Lease. 
 SECTION 20.5. TIME OF ESSENCE. Time is of the essence with respect
to the performance of every provision of this Lease. 
 SECTION 20.6. CONTROLLING LAW/VENUE. This Lease shall be governed by and
interpreted in accordance with the laws of the State of California. Any litigation commenced concerning any matters whatsoever arising out of or in any way connected to this Lease shall be initiated in the Superior Court of the county in which the
Site is located. 
 SECTION 20.7. SEVERABILITY. If any term or provision of this Lease, the deletion of which would not adversely
affect the receipt of any material benefit by either party or the deletion of which is consented to by the party adversely affected, shall be held invalid or unenforceable to any extent, the remainder of this Lease shall not be affected and each
term and provision of this Lease shall be valid and enforceable to the fullest extent permitted by law. 
 SECTION 20.8. WAIVER AND
CUMULATIVE REMEDIES. One or more waivers by Landlord or Tenant of any breach of any term, covenant or condition contained in this Lease shall not be a waiver of any subsequent breach of the same or any other term, covenant or condition. Consent
to any act by one of the parties shall not be deemed to render unnecessary the obtaining of that party’s consent to any subsequent act. No breach by Tenant of this Lease shall be deemed to have been waived by Landlord unless the waiver is in a
writing signed by Landlord. The rights and remedies of Landlord under this Lease shall be cumulative and in addition to any and all other rights and remedies which Landlord may have. 
 SECTION 20.9. INABILITY TO PERFORM. In the event that either party shall be delayed or hindered in or prevented from the performance of any work
or in performing any act required under this Lease by reason of any cause beyond the reasonable control of that party, other than financial inability, then the performance of the work or the doing of the act shall be excused for the period of the
delay and the time for performance shall be extended for a period equivalent to the period of the delay. The provisions of this Section shall not operate to excuse Tenant from the prompt payment of rent or from the timely performance of any other
obligation under this Lease within Tenant’s reasonable control. 
 SECTION 20.10. ENTIRE AGREEMENT. This Lease and its exhibits
and other attachments cover in full each and every agreement of every kind between the parties concerning the Premises, the Building and the Site, and all preliminary negotiations, oral agreements, understandings and/or practices, except those
contained in this Lease, are superseded and of no further effect. Tenant waives its rights to rely on any representations or promises made by Landlord or others which are not contained in this Lease. No verbal agreement or implied covenant shall be
held to modify the provisions of this Lease, any statute, law, or custom to the contrary notwithstanding. 
 SECTION 20.11. QUIET
ENJOYMENT. Upon the observance and performance of all the covenants, terms and conditions on Tenant’s part to be observed and performed, and subject to the other provisions of this Lease, Tenant shall have the right of quiet enjoyment and
use of the Premises for the Term without hindrance or interruption by Landlord or any other person claiming by or through Landlord. 
 SECTION 20.12. SURVIVAL. All covenants of Landlord or Tenant which reasonably would be intended to survive the expiration or sooner termination of this Lease, including without limitation any warranty or indemnity hereunder, shall so
survive and continue to be binding upon and inure to the benefit of the respective parties and their successors and assigns. 
 SECTION
20.13. INTERPRETATION. This Lease shall not be construed in favor of or against either party, but shall be construed as if both parties prepared this Lease. 
 ARTICLE XXI. EXECUTION AND RECORDING 
 SECTION 21.1. COUNTERPARTS. This Lease may be executed
in one or more counterparts, each of which shall constitute an original and all of which shall be one and the same agreement. 
 SECTION
21.2. CORPORATE, LIMITED LIABILITY COMPANY AND PARTNERSHIP AUTHORITY. If Tenant is a corporation, limited liability company or partnership, Tenant represents and warrants that each individual executing this Lease on behalf of the corporation,
limited liability company or partnership is duly authorized to execute and deliver this Lease on behalf of the corporation, limited liability company or partnership, and that this Lease is binding upon the corporation, limited liability company or
partnership in accordance with its terms. 
 SECTION 21.3. EXECUTION OF LEASE; NO OPTION OR OFFER. The submission of this Lease to
Tenant shall be for examination purposes only, and shall not constitute an offer to or option for Tenant to lease the Premises. Execution of this Lease by Tenant and its return to Landlord shall not be binding upon Landlord, notwithstanding any time
interval, until Landlord has in fact executed and delivered this Lease to Tenant, it being intended that this Lease shall only become effective upon execution by Landlord and delivery of a fully executed counterpart to Tenant. 
  

 28 

 SECTION 21.4. RECORDING. Tenant shall not record this Lease without the prior written consent of
Landlord. Tenant, upon the request of Landlord, shall execute and acknowledge a “short form” memorandum of this Lease for recording purposes. 
 SECTION 21.5. AMENDMENTS. No amendment or termination of this Lease shall be effective unless in writing signed by authorized signatories of Tenant and Landlord, or by their respective successors in interest.
No actions, policies, oral or informal arrangements, business dealings or other course of conduct by or between the parties shall be deemed to modify this Lease in any respect. 
 SECTION 21.6. EXECUTED COPY. Any fully executed photocopy or similar reproduction of this Lease shall be deemed an original for all purposes.

 SECTION 21.7. ATTACHMENTS. All exhibits, amendments, riders and addenda attached to this Lease are hereby incorporated into and
made a part of this Lease. 
 ARTICLE XXII. MISCELLANEOUS 
 SECTION 22.1. NONDISCLOSURE OF LEASE TERMS. Tenant acknowledges and agrees that the terms of this Lease are confidential and constitute
proprietary information of Landlord. Disclosure of the terms could adversely affect the ability of Landlord to negotiate other leases and impair Landlord’s relationship with other tenants. Accordingly, Tenant agrees that it, and its partners,
members, shareholders, officers, directors, employees and attorneys, shall not intentionally and voluntarily disclose, by public filings or otherwise, the terms and conditions of this Lease (“Confidential Information”) to any third
party, either directly or indirectly, without the prior written consent of Landlord, which consent may be given or withheld in Landlord’s sole and absolute discretion. The foregoing restriction shall not apply if either: (i) Tenant is
required to disclose the Confidential Information in response to a subpoena or other regulatory, administrative or court order, (ii) Tenant is required to disclose the Confidential Information to, or file a copy of this Lease with, any
governmental agency or any stock exchange; provided however, that if disclosure of the Confidential Information is required by subpoena or other regulatory, administrative or court order, Tenant shall provide Landlord with as much advance notice of
the possibility of such disclosure as practical so that Landlord may attempt to stop such disclosure or obtain an order concerning such disclosure. In addition, Tenant may disclose the terms of this Lease (i) to prospective assignees of this
Lease and prospective subtenants under this Lease with whom Tenant is actively negotiating such an assignment or sublease, (ii) to Tenant’s attorneys, accountants and financial advisors, and (iii) in connection with any acquisition of
Tenant by merger, consolidation, nonbankruptcy reorganization, or government action, a sale of substantially all of Tenant’s assets, any sale or transfer of Tenant’s capital stock or any financing by, or any current or potential future
investment in Tenant. 
 SECTION 22.2. Intentionally deleted. 
 SECTION 22.3. CHANGES REQUESTED BY LENDER. If, in connection with obtaining financing for the Site, the lender shall request reasonable
modifications in this Lease as a condition to the financing, Tenant will not unreasonably withhold or delay its consent, provided that the modifications do not materially increase the obligations of Tenant or materially and adversely affect the
leasehold interest created by this Lease. 
 SECTION 22.4. MORTGAGEE PROTECTION. No act or failure to act on the part of Landlord
which would otherwise entitle Tenant to be relieved of its obligations hereunder shall result in such a release or termination unless (a) Tenant has given notice by registered or certified mail to any beneficiary of a deed of trust or mortgage
encumbering the Premises whose address has been furnished to Tenant in writing and (b) such beneficiary is afforded a reasonable opportunity to cure the default by Landlord (which in no event shall be less than sixty (60) days), including,
if necessary to effect the cure, time to obtain possession of the Premises by power of sale or judicial foreclosure provided that such foreclosure remedy is diligently pursued. Tenant agrees that each beneficiary of a deed of trust or mortgage
encumbering the Premises is an express third party beneficiary hereof, Tenant shall have no right or claim for the collection of any deposit from such beneficiary or from any purchaser at a foreclosure sale unless such beneficiary or purchaser shall
have actually received and not refunded the deposit, and Tenant shall comply with any written directions by any beneficiary to pay rent due hereunder directly to such beneficiary without determining whether a default exists under such
beneficiary’s deed of trust. 
 SECTION 22.5. COVENANTS AND CONDITIONS. All of the provisions of this Lease shall be construed to
be conditions as well as covenants as though the words specifically expressing or imparting covenants and conditions were used in each separate provision. 
 SECTION 22.6. SECURITY MEASURES. Tenant hereby acknowledges that Landlord shall have no obligation whatsoever to provide guard service or other security measures for the benefit of the Premises or the Site.
Tenant assumes all responsibility for the protection of Tenant, its employees, agents, invitees and property from acts of third parties. Nothing herein contained shall prevent Landlord, at its sole option, from providing security protection for the
Site or any part thereof, in which event the cost thereof shall be included within the definition of Site Costs. 
 SECTION 22.7. SDN
LIST. Tenant hereby represents and warrants that neither Tenant nor any officer, director, employee, partner, member or other principal of Tenant (collectively, “Tenant Parties”) is listed as a Specially Designated National and
Blocked Person (“SDN”) on the list of such persons and entities issued by the U.S. Treasury Office of Foreign Assets Control (OFAC). In the event Tenant or any Tenant Party is or becomes 

  

 29 

 
listed as an SDN, Tenant shall be deemed in breach of this Lease and Landlord shall have the right to terminate this Lease immediately upon written notice to
Tenant. 
 SECTION 22.8. JAMS. 
 (a) All claims or disputes between Landlord and Tenant arising out of, or relating to the Lease which either party is expressly authorized by a provision hereof to submit to arbitration, shall be decided by the JAMS/ENDISPUTE, or its
successor, in Orange County, California (“JAMS”), unless the parties mutually agree otherwise. Within ten (10) business days following submission to JAMS, JAMS shall designate three arbitrators and each party may, within five
(5) business days thereafter, veto one of the three persons so designated. If two different designated arbitrators have been vetoed, the third arbitrator shall hear and decide the matter. Any arbitration pursuant to this Section 22.8 shall
be decided within thirty (30) days of submission of JAMS. The decision of the arbitrator shall be final and binding on the parties. In no event shall the arbitrator be empowered or authorized to award consequential or punitive damages
(including any award for lost profit or opportunity costs or loss or interruption of business or income). All costs associated with arbitration shall be awarded to the prevailing party as determined by the arbitrator. 
 (b) Notice of the demand for arbitration by either party to the Lease shall be filed in writing with the other party to the Lease and with JAMS and shall
be made within a reasonable time after the dispute has arisen. The award rendered by the arbitrators shall be final, and judgment may be entered upon it in accordance with applicable law in any court having jurisdiction thereof. Except by written
consent of the person or entity sought to be joined, no arbitration arising out of or relating to the Lease shall include, by consolidation, joinder or in any other manner, any person or entity not a party to the Lease under which such arbitration
is filed unless (1) such person or entity is substantially involved in a common question of fact or law, (2) the presence of such person or entity is required if complete relief is to be accorded in the arbitration, or (3) the
interest or responsibility of such person or entity in the matter is not insubstantial. 
 (c) The agreement herein among the parties to the
Lease and any other written agreement to arbitrate referred to herein shall be specifically enforceable under prevailing law. 
 SECTION
22.9. APPROVALS. Whenever this Lease requires an approval, consent, determination, selection or judgment by either Landlord or Tenant, unless another standard is expressly set forth, such approval, consent, determination, selection or judgment
and any conditions imposed thereby shall be reasonable and shall not be unreasonably withheld or delayed. 
  

											
	LANDLORD:	 	TENANT:
		
	THE IRVINE COMPANY LLC	 	SENORX, INC.,
	a Delaware limited liability company	 	a Delaware corporation
					
	By:	 	/s/ E. Valjean Wheeler	 		 	By:	 	/s/ Lloyd Malchow
		 	E. Valjean Wheeler	 		 		 	Name (Print): Lloyd Malchow
		 	President, Office Properties	 		 		 	Title (Print): CEO
					
	By:	 	/s/ Jeanne M. Gettemy	 		 	By:	 	/s/ Kevin Cousins
		 	Jeanne M. Gettemy	 		 		 	Name: Kevin Cousins
		 	Senior Vice President, Office Properties	 		 		 	Title: CFO

  

 30 

 

 
 3 Morgan 
 

 
 EXHIBIT A 
  

 1 

 EXHIBIT B 
 THE IRVINE COMPANY – INVESTMENT PROPERTIES GROUP 
 HAZARDOUS MATERIAL SURVEY FORM 
 The purpose of this form is to obtain information regarding the use of hazardous substances on Investment Properties Group (“IPG”) property.
Prospective tenants and contractors should answer the questions in light of their proposed activities on the premises. Existing tenants and contractors should answer the questions as they relate to ongoing activities on the premises and should
update any information previously submitted. 
 If additional space is needed to answer the questions, you may attach separate sheets of
paper to this form. When completed, the form should be sent to the following address: 
 THE IRVINE COMPANY MANAGEMENT OFFICE 
 111 Innovation Drive 
 Irvine, CA 92617

 Your cooperation in this matter is appreciated. If you have any questions, please call your property manager at (949) 720-4400 for
assistance. 
  

	1.	GENERAL INFORMATION. 

  

												
	 Name of Responding Company:    
	 	 	  	 	 	 	 	 		  	
	 Check all that apply:
	 	Tenant	  	(    	)	 	 Contractor
	 	(    )	  	
		 	Prospective	  	(    	)	 	 Existing
	 	(    )	  	

 Mailing Address:
                                        
                                        
                                        
                                        
             
 Contact person & Title:
                                        
                                        
                                        
                                        
   
 Telephone Number: (    )
                                        
     
 Current TIC Tenant(s): 
 Address of Lease Premises:
                                        
                                        
                                        
                                   
 Length of Lease or Contract Term:
                                        
                                        
                                        
                       
 Prospective TIC Tenant(s): 
 Address of Leased Premises:
                                        
                                        
                                        
                                 
 Address of Current Operations:
                                        
                                        
                                        
                             
 Describe the proposed operations to take place on the property, including principal products manufactured or services to be conducted. Existing tenants
and contractors should describe any proposed changes to ongoing operations. 

	
	
	 
	
	 
	
	 

  

	2.	HAZARDOUS MATERIALS. For the purposes of this Survey Form, the term “hazardous material” means any raw material, product or agent considered hazardous under any
state or federal law. The term does not include wastes which are intended to be discarded. 

  

	 	2.1	Will any hazardous materials be used or stored on site? 

  

									
	 Chemical Products
	  	Yes	  	(     )	  	No	  	(     )
	 Biological Hazards/ Infectious Wastes
	  	Yes	  	(     )	  	No	  	(     )
	 Radioactive Materials
	  	Yes	  	(     )	  	No	  	(     )
	 Petroleum Products
	  	Yes	  	(     )	  	No	  	(     )

  

 1 

	 	2.2	List any hazardous materials to be used or stored, the quantities that will be on-site at any given time, and the location and method of storage (e.g., bottles in storage closet on
the premises). 

  

									
	 Hazardous Materials
	  	  	  	 Location and Method
 of Storage
	  	  	  	 Quantity

					
	 	  		  	 	  		  	 
					
	 	  		  	 	  		  	 
					
	 	  		  	 	  		  	 
					
	 	  		  	 	  		  	 

  

	 	2.3	Is any underground storage of hazardous materials proposed or currently conducted on the premises? 

 Yes (    )             No (    ) 
 If yes, describe the materials to be stored, and the size and construction of the tank. Attach copies of any permits obtained for the underground storage
of such substances. 

	
	
	 
	
	 
	
	 

  

	3.	HAZARDOUS WASTE. For the purposes of this Survey Form, the term “hazardous waste” means any waste (including biological, infectious or radioactive waste) considered
hazardous under any state or federal law, and which is intended to be discarded. 

  

	 	3.1	List any hazardous waste generated or to be generated on the premises, and indicate the quantity generated on a monthly basis. 

  

									
	 Hazardous Materials
	  	  	  	 Location and Method
 of Storage
	  	  	  	 Quantity

					
	 	  		  	 	  		  	 
					
	 	  		  	 	  		  	 
					
	 	  		  	 	  		  	 
					
	 	  		  	 	  		  	 

  

	 	3.2	Describe the method(s) of disposal (including recycling) for each waste. Indicate where and how often disposal will take place. 

  

									
	 Hazardous Materials
	  	  	  	 Location and Method
 of Storage
	  	  	  	 Disposal Method

					
	 	  		  	 	  		  	 
					
	 	  		  	 	  		  	 
					
	 	  		  	 	  		  	 
					
	 	  		  	 	  		  	 

  

	 	3.3	Is any treatment or processing of hazardous, infectious or radioactive wastes currently conducted or proposed to be conducted on the premise? 

    Yes (    )             No (    )

 If yes, please describe any existing or proposed treatment methods. 

	
	
	 
	
	 
	
	 

  

	 	3.4	Attach copies of any hazardous waste permits or licenses issued to your company with respect to its operations on the premises. 

  

 2 

	4.	SPILLS 

  

	 	4.1	During the past year, have any spills or releases of hazardous materials occurred on the premises? 

 Yes (            )             No
(            ) 
 If so, please describe the spill and attach the results of any
testing conducted to determine the extent of such spills. 

	
	
	 
	
	 
	
	 

  

	 	4.2	Were any agencies notified in connection with such spills? 

 Yes (    )             No (    ) 
 If so, attach copies of any spill reports or other correspondence with regulatory agencies. 
  

	 	4.3	Were any clean-up actions undertaken in connection with the spills? 

 Yes (    )             No (    ) 
 If so, briefly describe the actions taken. Attach copies of any clearance letters obtained from any regulatory agencies involved and the
results of any final soil or groundwater sampling done upon completion of the clean-up work. 

	
	
	 
	
	 
	
	 

  

	5.	WASTEWATER TREATMENT/DISCHARGE 

  

	 	5.1	Do you discharge industrial wastewater to: 

  

			
	             storm drain?
	  	            sewer?
	             surface water?
	  	            no industrial discharge

  

	 	5.2	Is your industrial wastewater treated before discharge? 

 Yes (    )             No (    ) 
 If yes, describe the type of treatment conducted. 

	
	
	 
	
	 
	
	 

  

	 	5.3	Attach copies of any wastewater discharge permits issued to your company with respect to its operations on the premises. 

  

	6.	AIR DISCHARGES. 

  

	 	6.1	Do you have any air filtration systems or stacks that discharge into the air? 

 Yes (    )             No (    ) 
  

	 	6.2	Do you operate any equipment that requires air emissions permits? 

 Yes (    )             No (    ) 
  

	 	6.3	Attach copies of any air discharge permits pertaining to these operations. 

  

	7.	HAZARDOUS MATERIALS DISCLOSURES. 

  

	 	7.1	Does your company handle an aggregate of at least 500 pounds, 55 gallons or 200 cubic feet of hazardous material at any given time? 

 Yes (    )             No (    ) 
  

	 	7.2	Has your company prepared a Hazardous Materials Disclosure – Chemical Inventory and Business Emergency Plan or similar disclosure document pursuant to state or county
requirements? 

 Yes (    )             No
(    ) 
 If so, attach a copy. 
  

 3 

	 	7.3	Are any of the chemicals used in your operations regulated under Proposition 65? 

 If so, describe the procedures followed to comply with these requirements. 

	
	
	 
	
	 
	
	 

  

	 	7.4	Is your company subject to OSHA Hazard Communication Standard Requirements? 

 Yes (    )             No (    ) 
 If so, describe the procedures followed to comply with these requirements. 

	
	
	 
	
	 
	
	 

  

	8.	ANIMAL TESTING. 

  

	 	8.1	Does your company bring or intend to bring live animals onto the premises for research or development purposes? 

 Yes (    )             No (    ) 
 If so, describe the activity. 

	
	
	 
	
	 
	
	 

  

	 	8.2	Does your company bring or intend to bring animal body parts or bodily fluids onto the premises for research or development purposes? 

 Yes (    )             No (    ) 
 If so, describe the activity. 

	
	
	 
	
	 
	
	 

  

	9.	ENFORCEMENT ACTIONS, COMPLAINTS. 

  

	 	9.1	Has your company ever been subject to any agency enforcement actions, administrative orders, lawsuits, or consent orders/decrees regarding environmental compliance or health and
safety? 

 Yes (    )             No
(    ) 
 If so, describe the actions and any continuing obligations imposed as a result of these actions. 

	
	
	 
	
	 
	
	 

  

	 	9.2	Has your company ever received any request for information, notice of violation or demand letter, complaint, or inquiry regarding environmental compliance or health and safety?

 Yes (    )             No
(    ) 
  

	 	9.3	Has an environmental audit ever been conducted which concerned operations or activities on premises occupied by you? 

 Yes (    )             No (    ) 
  

 4 

	 	9.4	If you answered “yes” to any questions in this section, describe the environmental action or complaint and any continuing compliance obligation imposed as a result of the
same. 

	
	
	 
	
	 
	
	 
	
	 
	
	 

  

					
	 
	
	 
		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 
		 	Date:	 	 

  

 5 

 EXHIBIT C 
 LANDLORD’S DISCLOSURES 
 SPECTRUM 
 The capitalized terms used and not otherwise defined in this Exhibit shall have the same definitions as set forth in the Lease. The provisions of this
Exhibit shall supersede any inconsistent or conflicting provisions of the Lease. 
 1. Landlord has been informed that the El Toro Marine
Corps Air Station (MCAS) has been listed as a Federal Superfund site as a result of chemical releases occurring over many years of occupancy. Various chemicals including jet fuel, motor oil and solvents have been discharged in several areas
throughout the MCAS site. A regional study conducted by the Orange County Water District has estimated that groundwaters beneath more than 2,900 acres have been impacted by Trichloroethlene (TCE), an industrial solvent. There is a potential that
this substance may have migrated into the ground water underlying the Premises. The U.S. Environmental Protection Agency, the Santa Ana Region Quality Control Board, and the Orange County Health Care Agency are overseeing the investigation/cleanup
of this contamination. To the Landlord’s current actual knowledge, the ground water in this area is used for irrigation purposes only, and there is no practical impediment to the use or occupancy of the Premises due to the El Toro discharges.

 EXHIBIT D 
 TENANT’S INSURANCE 
 The following requirements for Tenant’s insurance shall be in effect
at the Building, and Tenant shall also cause any subtenant to comply with these requirements. Landlord reserves the right to adopt reasonable nondiscriminatory modifications and additions to these insurance requirements after the expiration of the
initial 63-month Term of this Lease. Tenant agrees to obtain and present evidence to Landlord that it has fully complied with the insurance requirements. 
 1. Tenant shall, at its sole cost and expense, commencing on the date Tenant is given access to the Premises for any purpose and during the entire Term, procure, pay for and keep in full force and effect:
(i) commercial general liability insurance with respect to the Premises and the operations of or on behalf of Tenant in, on or about the Premises, including but not limited to coverage for personal injury, contractual liability, independent
contractors, broad form property damage, fire legal liability, products liability (if a product is sold from the Premises), and liquor law liability (if alcoholic beverages are sold, served or consumed within the Premises), which policy(ies) shall
be written on an “occurrence” basis and for not less than the amount set forth in Item 14 of the Basic Lease Provisions, with a combined single limit (with a $50,000 minimum limit on fire legal liability) per occurrence for bodily
injury, death, and property damage liability, or the current limit of liability carried by Tenant, whichever is greater; (ii) workers’ compensation insurance coverage as required by law, together with employers’ liability insurance of
at least One Million Dollars ($1,000,000.00); (iii) with respect to Alterations and the like required or permitted to be made by Tenant under this Lease, builder’s risk insurance in an amount equal to the replacement cost of the work;
(iv) insurance against fire, vandalism, malicious mischief and such other additional perils as may be included in a standard “special form” policy, insuring Tenant’s Alterations, trade fixtures, furnishings, equipment and items
of personal property of Tenant located in the Premises, in an amount equal to not less than ninety percent (90%) of their actual replacement cost (with replacement cost endorsement); and (v) business interruption coverage in amounts
satisfactory to cover one (1) year of loss. In no event shall the limits of any policy be considered as limiting the liability of Tenant under this Lease. 
 2. In the event Landlord consents to Tenant’s use, generation or storage of Hazardous Materials on, under or about the Premises pursuant to Section 5.3 of this Lease, Landlord shall have the continuing right
to require Tenant, at Tenant’s sole cost and expense (provided the same is available for purchase upon commercially reasonable terms), to purchase insurance specified and approved by Landlord, with coverage not less than Five Million Dollars
($5,000,000.00), insuring (i) any Hazardous Materials shall be removed from the Premises, (ii) the Premises shall be restored to a clean, healthy, safe and sanitary condition, and (iii) any liability of Tenant, Landlord and
Landlord’s officers, directors, shareholders, agents, employees and representatives, arising from such Hazardous Materials. 
 3. All
policies of insurance required to be carried by Tenant pursuant to this Exhibit D shall be written by responsible insurance companies authorized to do business in the State of California and with a general policyholder rating of not less than
“A-” and financial rating of not less than “VIII” in the most current Best’s Insurance Report. The deductible or other retained limit under any policy carried by Tenant shall be commercially reasonable, and Tenant shall be
responsible for payment of such retained limit with full waiver of subrogation in favor of Landlord. Any insurance required of Tenant may be furnished by Tenant under any blanket policy carried by it or under a separate policy. A true and exact copy
of each paid up policy evidencing the insurance (appropriately authenticated by the insurer) or a certificate of insurance, certifying that the policy has been issued, provides the coverage required by this Exhibit D and contains the required
provisions, together with endorsements acceptable to Landlord evidencing the waiver of subrogation and additional insured provisions required below, shall be delivered to Landlord prior to the date Tenant is given the right of possession of the
Premises. Proper evidence of the renewal of any insurance coverage shall also be delivered to Landlord not less than thirty (30) days prior to the expiration of the coverage. In the event of a loss covered by any policy under which Landlord is
an additional insured, Landlord shall be entitled to review a copy of such policy. 
 4. Each policy evidencing insurance required to be
carried by Tenant pursuant to this Exhibit D shall contain the following provisions and/or clauses reasonably satisfactory to Landlord: (i) with respect to Tenant’s commercial general liability insurance, a provision that the
policy and the coverage provided shall be primary and that any coverage carried by Landlord shall be in excess of and noncontributory with respect to any policies carried by Tenant, together with a provision including Landlord, the Additional
Insureds identified in Item 11 of the Basic Lease Provisions and any other parties in interest designated by Landlord, as additional insureds; (ii) except with respect to Tenant’s commercial general liability insurance, a waiver by
the insurer of any right to subrogation against Landlord, its agents, employees, contractors and representatives which arises or might arise by reason of any payment under the policy or by reason of any act or omission of Landlord, its agents,
employees, contractors or representatives; and (iii) a provision that the insurer will not cancel or reduce the coverage provided by the policy without first giving Landlord thirty (30) days prior written notice. Tenant shall also name
Landlord, the Additional Insureds identified in Item 11 of the Basic Lease Provisions and any other parties in interest designated by Landlord, as additional insureds on any excess or umbrella liability insurance policy carried by Tenant to the
extent required under this Lease. 
 5. In the event that Tenant fails to procure, maintain and/or pay for, at the times and for the
durations specified in this Exhibit D, any insurance required by this Exhibit D, or fails to carry insurance required by any governmental authority, Landlord may at its election procure that insurance and pay the premiums, in which
event 

  

 1 

 
Tenant shall repay Landlord all sums paid by Landlord, together with interest at the maximum rate permitted by law and any related costs or expenses incurred
by Landlord, within ten (10) days following Landlord’s written demand to Tenant. 
 NOTICE TO TENANT: IN ACCORDANCE WITH THE
TERMS OF THIS LEASE, TENANT MUST PROVIDE EVIDENCE OF THE REQUIRED INSURANCE TO LANDLORD’S MANAGEMENT AGENT PRIOR TO BEING AFFORDED ACCESS TO THE PREMISES. 
  

 2 

 EXHIBIT E 
 RULES AND REGULATIONS 
 This Exhibit sets forth the rules and regulations governing Tenant’s use
of the Premises leased to Tenant pursuant to the terms, covenants and conditions of the Lease to which this Exhibit is attached and therein made part thereof. In the event of any conflict or inconsistency between this Exhibit and the Lease, the
Lease shall control. 
 1. Tenant shall not place anything or allow anything to be placed near the glass of any window, door, partition or
wall, which may appear unsightly from outside the Premises. 
 2. The walls, walkways, sidewalks, entrance passages, elevators, stairwells,
courts and vestibules shall not be obstructed or used for any purpose other than ingress and egress of pedestrian travel to and from the Premises, and shall not be used for smoking, loitering or gathering, or to display, store or place any
merchandise, equipment or devices, or for any other purpose. The walkways, sidewalks, entrance passageways, courts, vestibules and roof are not for the use of the general public and Landlord shall in all cases retain the right to control and prevent
access thereto by all persons whose presence in the judgment of the Landlord shall be prejudicial to the safety, character, reputation and interests of the Building and its tenants, provided that nothing herein contained shall be construed to
prevent such access to persons with whom Tenant normally deals in the ordinary course of Tenant’s business unless such persons are engaged in illegal activities. Smoking is permitted outside the building and within the project only in areas
designated by Landlord. Neither Tenant nor its employees, agents, contractors, invitees or licensees shall bring any firearm, whether loaded or unloaded, into the Site at any time. No tenant or employee or invitee or agent of any tenant shall be
permitted upon the roof of the Building without prior written approval from Landlord. 
 3. No awnings or other projection shall be attached
to the outside walls of the Building. No security bars or gates, curtains, blinds, shades or screens shall be attached to or hung in, or used in connection with, any window or door of the Premises without the prior written consent of Landlord.
Neither the interior nor exterior of any windows shall be coated or otherwise sunscreened without the express written consent of Landlord. 
 4. Except as permitted under the Lease, Tenant shall not mark, nail, paint, drill into, or in any way deface any part of the Premises or the Building except to affix standard pictures or other wall hangings on the interior walls of the
premises so long as they are not visible from the exterior of the building. Tenant shall not lay linoleum, tile, carpet or other similar floor covering so that the same shall be affixed to the floor of the Premises in any manner except as approved
by Landlord in writing. The expense of repairing any damage resulting from a violation of this rule or removal of any floor covering shall be borne by Tenant. 
 5. The toilet rooms, urinals, wash bowls and other plumbing apparatus shall not be used for any purpose other than that for which they were constructed and no foreign substance of any kind whatsoever shall be thrown
therein. Any pipes or tubing used by Tenant to transmit water to an appliance or device in the Premises must be made of copper or stainless steel, and in no event shall plastic tubing be used for that purpose. The expense of any breakage, stoppage
or damage resulting from the violation of this rule shall be borne by the tenant who, or whose employees or invitees, caused it. 
 6.
Landlord shall direct electricians as to the manner and location of any future telephone wiring. No boring or cutting for wires will be allowed without the prior consent of Landlord. The locations of the telephones, call boxes and other office
equipment affixed to the Premises shall be subject to the prior written approval of Landlord. 
 7. The Premises shall not be used for
manufacturing or for the storage of merchandise except as permitted under the Lease. No exterior storage shall be allowed at any time without the prior written approval of Landlord. The Premises shall not be used for cooking or washing clothes
without the prior written consent of Landlord, or for lodging or sleeping or for any immoral or illegal purposes. Notwithstanding anything to the contrary herein or in the 

  

 1 

 
Lease, Tenant shall be permitted, without Landlord’s consent, to use such standard kitchen appliances as are typically found in an office kitchenette,
including microwave ovens, refrigerators, dishwashers and garbage disposals. 
 8. Tenant shall not make, or permit to be made, any unseemly
or disturbing noises or disturb or interfere with occupants of this or neighboring buildings or premises or those having business with them, whether by the use of any musical instrument, radio, phonograph, noise, or otherwise. Tenant shall not use,
keep or permit to be used, or kept, any foul or obnoxious gas or substance in the Premises or permit or suffer the Premises to be used or occupied in any manner offensive or objectionable to Landlord or other occupants of this or neighboring
buildings or premises by reason of any odors, fumes or gases. 
 9. No animals, except for seeing eye dogs, shall be permitted at any time
within the Premises. 
 10. Tenant shall not use the name of the Building or the Site in connection with or in promoting or advertising the
business of Tenant, except as Tenant’s address, without the written consent of Landlord. Landlord shall have the right to prohibit any advertising by any Tenant which, in Landlord’s reasonable opinion, tends to impair the reputation of the
Site or its desirability for its intended uses, and upon written notice from Landlord any Tenant shall refrain from or discontinue such advertising. 
 11. Canvassing, soliciting, peddling, parading, picketing, demonstrating or otherwise engaging in any conduct that unreasonably impairs the value or use of the Premises or the Site are prohibited and each Tenant shall
cooperate to prevent the same. Landlord shall have full and absolute authority to regulate or prohibit the entrance to the Premises of any vendor, supplier, purveyor, petitioner, proselytizer or other similar person if, in the good faith judgment of
Landlord, such person will be involved in general solicitation activities, or the proselytizing, petitioning, or disturbance of other tenants or their customers or invitees, or engaged or likely to engage in conduct which may in Landlord’s
opinion distract from the use of the Premises for its intended purpose. Notwithstanding the foregoing, Landlord reserves the absolute right and discretion to limit or prevent access to the Buildings by any food or beverage vendor, whether or not
invited by Tenant, and Landlord may condition such access upon the vendor’s execution of an entry permit agreement which may contain provisions for insurance coverage and/or the payment of a fee to Landlord. 
 12. No equipment of any type shall be placed on the Premises which in Landlord’s opinion exceeds the load limits of the floor or otherwise threatens
the soundness of the structure or improvements of the Building. 
 13. Except as permitted under the Lease or in the Work Letter, no air
conditioning unit or other similar apparatus shall be installed or used by any Tenant without the prior written consent of Landlord. 
 14.
The entire Premises, including vestibules, entrances, parking areas, doors, fixtures, windows and plate glass, shall at all times be maintained in a safe, neat and clean condition by Tenant. All trash, refuse and waste materials shall be regularly
removed from the Premises by Tenant and placed in the containers at the locations designated by Landlord for refuse collection. All cardboard boxes must be “broken down” prior to being placed in the trash container. All styrofoam chips
must be bagged or otherwise contained prior to placement in the trash container, so as not to constitute a nuisance. Pallets must be immediately disposed of by tenant and may not be disposed of in the Landlord provided trash container or enclosures.
Pallets may be neatly stacked in an exterior location on a temporary basis (no longer than 5 days) so long as Landlord has provided prior written approval. The burning of trash, refuse or waste materials is prohibited. 
 15. Tenant shall use at Tenant’s cost such pest extermination contractor as Landlord may direct and at such intervals as Landlord may require.

  

 2 

 16. All keys for the Premises shall be provided to Tenant by Landlord and Tenant shall return to Landlord
any of such keys so provided upon the termination of the Lease. Tenant shall not change locks or install other locks on doors of the Premises, without the prior written consent of Landlord. In the event of loss of any keys furnished by Landlord for
Tenant, Tenant shall pay to Landlord the costs thereof. Upon the termination of its tenancy, Tenant shall deliver to Landlord all the keys to lobby(s), suite(s) and telephone & electrical room(s) which have been furnished to Tenant or which
Tenant shall have had made. 
 17. No person shall enter or remain within the Site while intoxicated or under the influence of liquor or
drugs. Landlord shall have the right to exclude or expel from the Site any person who, in the absolute discretion of Landlord, is under the influence of liquor or drugs. 
 18. The moving of large or heavy objects shall occur only between those hours as may be designated by, and only upon previous written notice to, Landlord, and the persons employed to move those objects in or out of
the Building must be reasonably acceptable to Landlord. Without limiting the generality of the foregoing, no freight, furniture or bulky matter of any description shall be received into or moved out of the lobby of the Building or carried in the
elevator. 
 19. Tenant shall not install equipment, such as but not limited to electronic tabulating or computer equipment, requiring
electrical or air conditioning service in excess of that to be provided by Landlord under the Lease without prior written consent of Landlord. 
 20. Landlord may from time to time grant other tenants of the project individual and temporary variances from these Rules, provided that any variance does not have a material adverse effect on the use and enjoyment of the Premises by
Tenant. 
 21. Landlord reserves the right to amend or supplement the foregoing Rules and Regulations and to adopt and promulgate additional
rules and regulations applicable to the Premises. Notice of such rules and regulations and amendments and supplements thereto, if any, shall be given to the Tenant. 
  

 3 

 EXHIBIT X 
 INDUSTRIAL WORK LETTER 
 DOLLAR ALLOWANCE 
 [PREAPPROVED PRELIMINARY PLAN] 
 The tenant
improvement work to be contracted for by Landlord hereunder (“Tenant Improvement Work”) shall consist of the design and construction of all tenant improvements (“Tenant Improvements”), including work in place as of
the date hereof, required for the Premises pursuant to the approved final Working Drawings and Specifications (as hereinafter defined). All of the Tenant Improvement Work shall be performed by Rosetti Construction Co. (the
“Contractor”) and in accordance with the procedures and requirements set forth below. 
 I. ARCHITECTURAL AND CONSTRUCTION PROCEDURES.

  

	 	A.	Prior to the execution of this Lease, Tenant and Landlord have approved a preliminary plan dated February 25, 2008 (the “Preliminary Plan”) for the Tenant
Improvements prepared by Rengel & Co. Architects (“Architect”). A copy of the Preliminary Plan is attached hereto as Exhibit X-1. The Tenant Improvements Work shall include the work shown on the Preliminary Plan.
Except as otherwise noted in the Preliminary Plan, the Tenant Improvements Work shall include Landlord’s building standard tenant improvements, materials and specifications for the Site as set forth in Schedule 1 attached hereto
(“Building Standard Improvements”). 

  

	 	B.	Within ten (10) days following any request from Landlord, Tenant shall provide in writing to Landlord or the Architect all specifications and information requested by Landlord
for the preparation of final construction documents and costing, including without limitation Tenant’s final selection of paint and floor finishes, complete specifications and locations (including electrical, load and HVAC requirements) of
Tenant’s equipment (collectively, “Programming Information”). Tenant understands that final construction documents for the Tenant Improvements shall be predicated on the Programming Information, and accordingly that such
information must be accurate and complete and that Landlord shall have no obligation or liability for any defects or problems arising from any incomplete or inaccurate Programming Information. 

  

	 	C.	Not later than three (3) weeks following the execution of this Lease, Landlord shall cause the Architect and Landlord’s selected engineers to prepare and deliver to Tenant
working drawings and specifications for the Tenant Improvements based on the approved Preliminary Plan (“Working Drawings and Specifications”). Upon approval of the Working Drawings and Specifications, Landlord shall prepare a final
construction cost estimate (“Final Cost Estimate”) of the Completion Cost for the Tenant Improvements in conformity with the Working Drawings and Specifications. A copy of the Final Cost Estimate shall be delivered to Tenant for its
approval. Tenant shall have five (5) business days from the receipt thereof to approve or disapprove the Working Drawings and Specifications and (if delivered to Tenant) the Final Cost Estimate. Tenant shall not unreasonably withhold or delay
its approval, and any disapproval or requested modification shall be limited to items not consistent with the approved Preliminary Plan, subject to Tenant’s right to request a Change pursuant to Section 1.D below. Should Tenant disapprove
the Working Drawings and Specifications or the Final Cost Estimate, such disapproval shall be accompanied by specific reasons for disapproval and a detailed list of requested revisions. The parties shall confer and negotiate in good faith to reach
agreement on revisions to the Working Drawings and Specifications and the Final Cost estimate as a consequence of such revisions. Any revision so requested by Tenant and accepted by Landlord shall be incorporated into a revised set of Working
Drawings and Specifications, and the Final Cost Estimate, and Tenant shall approve same in writing within five (5) business days of receipt without further revision. Landlord shall enter into a “lump /sum” or “fixed price”
construction contract with the Contractor for construction of the Tenant Improvements in accordance with the approved and final Working Drawings and Specifications (“TI Contract”). The Contractor is the contractor only of Landlord
and Tenant shall have no liability to the Contractor or under the TI Contract. 

  

	 	D.	 In the event that Tenant subsequently requests in writing a revision to the Working Drawings and Specifications approved by the parties pursuant to Section I.C
above (“Change”), and Landlord so approves such Change as provided in Section I.E. herein, Landlord shall advise Tenant by written change order (“Change Order”) as soon as is practical of any net cost increase in
the Completion Cost above the Final Cost Estimate (taking into account any cost savings attributable to such Change Order together with previous Change Orders). Tenant shall approve or disapprove such Change Order in writing within two
(2) business days following Tenant’s receipt of such Change Order. If Tenant approves any such Change Order, Landlord, at its election, may either (i) require as a condition to the effectiveness of such Change Order that Tenant pay
the cost increase in the Completion Cost set forth in such Change Order in excess of Landlord’s Maximum Contribution concurrently with delivery of Tenant’s approval of the Change Order, or (ii) defer Tenant’s payment of such
increase until the date ten (10) days after delivery of invoices for same, provided however, 

  

 1 

	 	 
that such payment must in any event be paid in full prior to Tenant’s commencing occupancy of the Premises. If Tenant disapproves any such Change Order,
Tenant shall nonetheless be responsible for the reasonable architectural and/or planning fees incurred in preparing such Change Order. Landlord shall have no obligation to interrupt or modify the Tenant Improvement Work pending Tenant’s
approval of a Change Order, but if Tenant fails to timely approve a Change Order, Landlord may (but shall not be required to) suspend the applicable Tenant Improvement Work. In no event shall Landlord have the right to make any revisions to the
Working Drawings and Specifications without Tenant’s prior written consent, which consent shall not be unreasonably withheld or delayed. 

  

	 	E.	Landlord agrees that it shall not unreasonably withhold its consent to Tenant’s requested Changes. Notwithstanding the foregoing, Landlord shall in no event be required to
approve any Non-Standard Improvement if Landlord determines that such requested Change (i) is of a lesser quality than the corresponding Tenant Improvements previously approved by Landlord, (ii) fails to conform to applicable governmental
requirements, (iii) would result in the Premises requiring building services beyond the level normally provided to other tenants, (iv) interferes in any manner with the proper functioning of, or Landlord’s access to, any mechanical,
electrical, plumbing or HVAC systems, facilities or equipment in or serving the Building, or (v) would have an adverse aesthetic impact to the Premises or cause additional expenses to Landlord in reletting the Premises.

  

	 	F.	All Tenant Improvements shall become the property of Landlord and shall be surrendered with the Premises at the end of the Term; except that Landlord may, by notice to Tenant given
at the time of Landlord’s approval of any Non-Standard Improvements incorporated into the Tenant Improvements as a “Change,” require Tenant either to remove all or any of the Non-Standard Tenant Improvements approved by way of such
Change, to repair any damage to the Premises or the Common Areas arising from such removal, and to replace any Non-Standard Improvements approved by way of such Change with the applicable Building Standard, or to reimburse Landlord for the
reasonable cost of such removal, repair and replacement upon demand. Any such removals, repairs and replacements by Tenant shall be completed by the Expiration Date or sooner termination of this Lease. In addition to the foregoing restoration
obligation(s), Tenant shall also be required to remove, repair and replace the premises as shown on Schedule 2 attached to this Work Letter, including without limitation, the restoration of all lighting, ceiling tiles, flooring and related
electrical work to their condition prior to the date of this Lease (the “Restoration Requirement”). Such removal, repairs and replacements by Tenant shall be completed by the Expiration Date or sooner termination of this Lease.
Notwithstanding the foregoing, in the event that Tenant shall be contractually obligated to lease the Premises for at least one hundred twenty (120) months from and after the Commencement Date of this Lease (and this Lease shall not be
terminated at any time during said 120 months due to Tenant’s default), then the Restoration Requirement shall be waived in its entirety. 

  

	 	G.	[Intentionally Deleted] 

  

	 	H.	Landlord shall permit Tenant and its agents to enter the Premises for at least fourteen (14) days prior to the Early Occupancy Date of the Lease in order that Tenant may
install fixtures, furniture, cabling, related telecommunication equipment, and other personal property through Tenant’s own contractors prior to the Early Occupancy Date. Any such work shall be subject to Landlord’s prior written approval,
and shall be performed in a manner and upon terms and conditions and at times satisfactory to Landlord’s representative. The foregoing license to enter the Premises prior to the Early Occupancy Date is, however, conditioned upon Tenant’s
contractors and their subcontractors and employees working in harmony and not interfering with the work being performed by Landlord as determined by Landlord in Landlord’s sole and absolute discretion. If at any time that entry shall cause
disharmony or interfere with the work being performed by Landlord as defined by Landlord in Landlord’s sole and absolute discretion, this license may be withdrawn by Landlord upon twenty-four (24) hours written notice to Tenant. That
license is further conditioned upon the compliance by Tenant’s contractors with all requirements imposed by Landlord on third party contractors, including without limitation the maintenance by Tenant and its contractors and subcontractors of
workers’ compensation and public liability and property damage insurance in amounts and with companies and on forms satisfactory to Landlord, with certificates of such insurance being furnished to Landlord prior to proceeding with any such
entry. The entry shall be deemed to be under all of the provisions of the Lease except as to the covenants to pay rent. Landlord shall not be liable in any way for any injury, loss or damage which may occur to any such work being performed by
Tenant, the same being solely at Tenant’s risk. In no event shall the failure of Tenant’s contractors to complete any work in the Premises extend either the Early Occupancy Date or the Commencement Date of this Lease.

  

	 	I.	 Tenant hereby designates Kevin Cousins (“Tenant’s Construction Representative”), Telephone No. (949) 362-4800 Ext. 109, as its agent for
all matters related to the Tenant Improvement Work, including but not by way of limitation, for purposes of receiving notices, approving submittals and issuing requests for Changes, and Landlord shall be entitled to rely upon authorizations and
directives of such person(s) as if given directly by Tenant. The foregoing authorization is intended to provide assurance to Landlord that it may rely upon the directives and decision making of the Tenant’s Construction Representative with
respect to the Tenant Improvement Work and is not  

  

 2 

	 	 
intended to limit or reduce Landlord’s right to reasonably rely upon any decisions or directives given by other officers or representatives of Tenant.
Tenant may amend the designation of its Tenant’s Construction Representative(s) at any time upon delivery of written notice to Landlord. 

 II. COST OF TENANT IMPROVEMENTS 
  

	 	A.	Landlord shall complete, or cause to be completed, the Tenant Improvements, at the construction cost shown in the Final Cost Estimate (subject to increases for Landlord approved
Changes to be paid by Tenant as set forth in this Work Letter), in accordance with final Working Drawings and Specifications approved by both Landlord and Tenant. The Tenant Improvements shall be constructed by Landlord in accordance with all rules,
regulations, codes, ordinances, statutes, and laws of any governmental or quasi-governmental authority in effect as of the date of the issuance of the applicable building permit(s) therefor, and in a good and workman-like manner using material and
equipment of new and otherwise of good quality. Landlord shall use commercially reasonable efforts to obtain standard warranties on the HVAC units installed pursuant to this Work Letter and for other elements of the Tenant Improvements that Tenant
is responsible for maintaining under the Lease and shall assign to Tenant, or otherwise cooperate to make available to Tenant the benefit of, all such warranties. 

  

	 	B.	Landlord shall pay up to Three Hundred Ten Thousand Five Hundred Fifteen Dollars ($310,515.00), based on $7.50 per rentable square foot of the Premises (“Landlord’s
Maximum Contribution”), of the final “Completion Cost” (as defined below). Tenant acknowledges that the Landlord’s Maximum Contribution is intended only as the maximum amount Landlord will pay toward approved Tenant
Improvements, and not by way of limitation, any partitions, modular office stations, fixtures, cabling, furniture and equipment requested by Tenant are in no event subject to payment as part of Landlord’s Contribution. In the event the
Completion Cost for the Tenant Improvements is less than the Landlord’s Maximum Contribution, Landlord’s actual contribution toward the Completion Cost (“Landlord’s Contribution”) shall equal such lesser amount, and
Tenant shall have no right to receive any credit, refund or allowance of any kind for any unused portion of the Landlord’s Maximum Contribution nor shall Tenant be allowed to make revisions to an approved Preliminary Plan, Working Drawings and
Specifications or request a Change in an effort to apply any unused portion of Landlord’s Maximum Contribution. 

  

	 	C.	Tenant shall pay the difference between Final Cost Estimate and Landlord’s Maximum Contribution, plus any net increases above the Final Cost Estimate as set forth in approved
Change Orders, to the extent such Tenant Delay costs or Change Order costs exceed the Landlord’s Maximum Contribution. The amounts to be paid by Tenant for the Tenant Improvements pursuant to this Section II.C are sometimes cumulatively
referred to herein as the “Tenant’s Contribution”. Tenant shall pay the Tenant’s Contribution, if any, within thirty (30) days of (i) the determination of the Final Cost Estimate, and (ii) the determination
of any increases caused by a Change Order, pursuant to the provisions of this Work Letter. 

  

	 	D.	The “Completion Cost” shall mean all costs of Landlord in completing the Tenant Improvements in accordance with the approved Working Drawings and Specifications,
including but not limited to the following: (i) payments made to the Contractor, the Architect, engineers, subcontractors and other third party consultants in the performance of the work, (ii) salaries and fringe benefits of persons, if
any, in the direct employ of Landlord performing any part of the construction work, (iii) permit fees and other sums paid to governmental agencies, and (iv) costs of all materials incorporated into the work or used in connection with the
work. The Completion Cost shall also include an administrative/supervision fee to be paid to Landlord or to Landlord’s management agent in the amount of five percent (5%) of the Completion Cost. Unless expressly authorized in writing by
Landlord, the Completion Cost shall not include (and no portion of the Landlord Contribution shall be paid for) any costs incurred by Tenant, including without limitation, any costs for space planners, managers, advisors or consultants retained by
Tenant in connection with the Tenant Improvements and shall not include (a) costs for improvements which are not shown on or described in the Working Drawings and Specification unless otherwise approved by Tenant; (b) costs incurred due to
the presence of Hazardous Materials in the Site or the surrounding area; (c) attorneys’ fees incurred in connection with negotiation of construction contracts, and attorneys’ fees, experts’ fees and other costs in connection with
disputes with third parties; (d) interest and other costs of financing construction costs; or (e) costs to bring the Premises into compliance with applicable laws and restrictions. 

  

	 	E.	Prior to start of construction of the Tenant Improvements, Tenant shall pay to Landlord in full the amount of the Tenant’s Contribution set forth in the Final Cost Estimate
(once approved by Tenant). The balance of any sums not otherwise paid by Tenant shall be due and payable on or before the Commencement Date of this Lease. If Tenant defaults beyond cure periods in the payment of any sums due under this Work Letter,
Landlord shall (in addition to all other remedies) have the same rights as in the case of Tenant’s failure to pay rent under the Lease, including, without limitation, the right to terminate this Lease and recover damages from Tenant and/or to
charge a late payment fee and to collect interest on delinquent payments, and Landlord may (but shall not be required to) suspend the Tenant Improvement Work following such default. 

  

 3 

	III.	DISPUTE RESOLUTION 

 All claims or disputes between
Landlord and Tenant arising out of, or relating to, this Work Letter shall be decided by JAMS pursuant to Section 22.8 of the Lease. 
  

	IV.	LANDLORD’S WORK 

 In addition to the foregoing, prior
to the Early Occupancy Date, Landlord shall, at Landlord’s sole cost, (a) install automatic timers on all HVAC units serving the Premises, to automatically “turn on” and “turn off” such units, (b) patch all roof
leaks and ensure that the roof is in good condition and (c) replace [9] of the existing HVAC units serving the Premises. Landlord shall perform such work in a good and workmanlike manner, in compliance with all laws. With respect to the roof or
equipment serving the Premises that are covered by a warranty, Landlord shall use commercially reasonable efforts to have any necessary repairs covered by such warranty performed pursuant to such warranty. 

 TENANT IMPROVEMENT / INTERIOR CONSTRUCTION OUTLINE SPECIFICATIONS 
 (By Tenant/Tenant Allowance) 
  

					
	 TENANT STANDARD GENERAL
 OFFICE:
	  	CARPET	  	
		  	Direct glue, from one of the following options:	  	
		  	Designweave - Z6354 Tempest Esq.:	  	Designweave – Z6356 Techno:
		  	 a)      553 Steel Wool
	  	 a)      336 Lido

		  	 b)      773 Melba Toast
	  	 b)      252 Topaz

		  	 c)      575 Silver Smoke
	  	 c)      518 Night Sky

		  	 d)      535 Dolphin
	  	 d)      997 Silver Plum

		  	 e)      454 Denim
	  	 e)      496 Galactic

			
		  	VINYL COMPOSITION TILE (VCT)	  	
		  	12x12 VCT Armstrong Standard Excelon, from the following options:
		  	 a)      51803 Pearl White
	  	 c)      51908 Pewter

		  	 b)      51899 Cool White
	  	 d)      51899 Cool White

		  	  
 PAINT / WALLS
 5/8” gypsum drywall on 2-1/2” x 25 ga. metal studs, floor to ceiling construction, no walls shall penetrate the grid unless required by code. All walls shall be
straight, and parallel to building perimeter walls. All offices and rooms shall be constructed of a standard size and tangent to a building shell or core wall. Paint finish, one standard color to be Benjamin Moore AC-40, Glacier White, flat finish.

  
 BASE
 2-1/2”Burke rubber base color: Pearl 137P, straight at cut pile carpet, coved at resilient flooring and loop carpet.
  
 RUBBER TRANSITION STRIP
 Transition strip between carpet and resilient
flooring to be Burke #150, color: to match adjacent V.C.T.
  
 PLASTIC
LAMINATE
 Plastic laminate color at millwork to be Nevamar “Smoky White”, Textured #S-7-27T.

		
		  	 CEILING
 2x4 USG Radar Illusions #2842
grid and scored tile on 9/16” T-bar grid. Continuous grid throughout.

		
		  	 PERIMETER WALLS
 Furring, 25 ga. metal
studs with 5/8” gypsum drywall, with batt insulation.

		
		  	 LIGHTING
 2X4 fluorescent, 3-lamp
energy saving ballast, 18-cell parabolic lens fixture.

		
		  	 DOORS
 1-3/4” solid core,
3”-0” x 8’-10”, plain sliced white oak, Western Integrated clear anodized aluminum frames, Schlage “D” series “Sparta” latchset hardware, dull chrome finish.

		
		  	 OFFICE SIDELITES
 All interior offices
to have sidelite glazing adjacent to office entry door. 2’ wide x door height, Western Integrated clear anodized aluminum frame integral to door frame with clear tempered glass.

 Schedule 1 

 TENANT IMPROVEMENT / INTERIOR CONSTRUCTION OUTLINE SPECIFICATIONS 
 (Continued) 
  

			
	 TENANT STANDARD GENERAL
 OFFICE (CONTINUED):
	  	 WINDOW COVERINGS
 Vertical blinds: Mariak
Industries PVC blinds at building perimeter windows, Model M-3000, Color: Light Grey.

		
	 TENANT STANDARD
 MECHANICAL:
	  	 HVAC
 Interior and Exterior zone VAV boxes
shall be connected to the main supply air loop. Exterior zone VAV boxes shall be provided with single-row hot water reheat coil.
  
 Air distribution downstream of VAV boxes shall be provided complete with ductwork, 2’x2’ perforated face ceiling diffusers, 2’x2’ perforated return
air grilles and air balance.
  
 Pneumatic thermostats with blank white cover shall be
provided for each zone. Thermostats shall be located adjacent to light switch at 48” above finished floor.
  
 Exterior corner spaces with more than one exposure shall be provided with a separate zone.
  
 Conference Room (or Training Room) 20’x13’ or larger shall be provided with a separate zone.
  
 Exterior zone shall be limited to a single exposure and a maximum of 750 to 1000 square
feet.
  
 Interior zone shall be limited to a maximum of 2000 square
feet.

		
		  	 FIRE PROTECTION
 Pendant satin chrome plated,
recessed heads, adjustable canopies, minimum K factor to be 5.62, located at center of scored ceiling tile. Ceiling drops from shell supply loop.

		
	 TENANT STANDARD
 ELECTRICAL:
	  	 ELECTRICAL SYSTEM
 277/480 volt, three phase,
four wire metered distribution section added to main service at Main Electrical Room.
  
 Electrical tenant distribution capacity suitable for 22 watts per s.f. to accommodate HVAC, lighting, data processing, computer loads and convenience outlets.
  

Tenant Electrical Room, located within the lease space, to include 270/480 volt and 120/208 volt panels, transformer, lighting control panel, as
required.

		
		  	 LIGHTING
 Double switch per Title 24, paired in
double gang box, Leviton “Decora” white plastic coverplate, 42” AFF to switch centerline. Provide occupancy sensors as required by code. 2x4 fluorescent light fixtures, 3-lamp energy saving ballast, 18-cell parabolic lens fixture
based upon one (1) fixture per 80 square feet.
  
 Exit signs: Internally illuminated,
white sign face with green text.

 TENANT IMPROVEMENT / INTERIOR CONSTRUCTION OUTLINE SPECIFICATIONS 
 (Continued) 
  

			
	TENANT STANDARD ELECTRICAL (CONTINUED):	  	 OUTLETS
 Power: 15-amp 125-volt specification
grade duplex receptacle mounted vertically, 18” AFF to centerline, white plastic coverplate. Feeds to systems furniture by Tenant to be via walls, furred columns or ceiling J-box. Power poles and furniture by Tenant. Ratio of one (1) feed per
eight (8) workstations. Assumes four (4) circuits, eight (8) wire configuration of systems furniture.
  
 Telephone/Data: Single gang box with mud ring and pull string, mounted vertically, 18” AFF to centerline, Cover plate by telephone and/or cabling company. Teflon cable by tenant.
  
 One (1) empty 2” conduit to be routed from Tenant’s Server Room, 4x8 backboard to building
main telephone backboard.

		
	TENANT STANDARD WAREHOUSE/SHIPPING AND RECEIVING:	  	 FLOORS
 Sealed concrete.

		
		  	 WALLS
 5/8” gypsum wallboard standard
partition. Paint to match Benjamin Moore AC-40 Glacier White; rated partition at occupancy separation as required by code.

		
		  	 CEILING
 Exposed structure,
non-painted.

		
		  	 WINDOWS
 None

		
		  	 ACCESS
 7’-6” H x 7’-6” W
glazed service doors. Glazing is bronze reflective glass.

		
		  	 HVAC
 None

		
		  	 PLUMBING
 Single accommodation restroom, if
required.
  
 Sheet vinyl flooring to be Armstrong Classic Corlon “Seagate”
#86526 Oyster, with Smooth White FRP panel wainscot to 48” high. Painted walls and ceiling to be Benjamin Moore AC-40 Glacier White, semi-gloss finish.

		
		  	 LIGHTING
 Chain hung florescent strip fixtures.

		
		  	 OTHER ELECTRICAL
 Convenience outlets; surface
mounted at exposed concrete walls.

		
		  	 SECURITY
 Lockable doors.

 Schedule II 
 (TBD) 

 

 
 3 Morgan 
 

 
 EXHIBIT Y

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