Document:

EX-10.13

 Exhibit 10.13 

OFFICE LEASE 
 BY AND
BETWEEN 
 BEHRINGER HARVARD EL CAMINO REAL LP, 

AS “Landlord” 

AND 
 BOX.NET, INC.,

 AS “Tenant” 

4440 EL CAMINO BUILDING 

LOS ALTOS, CALIFORNIA 
 THE DELIVERY OR
NEGOTIATION OF THIS DOCUMENT BY LANDLORD OR ITS AGENTS OR ATTORNEYS SHALL NOT BE DEEMED AN OFFER BY LANDLORD TO ENTER INTO ANY TRANSACTION OR RELATIONSHIP WITH ANY PERSON OR PARTY. THIS DOCUMENT SHALL NOT BE BINDING UPON LANDLORD OR ANY AFFILIATE OF
LANDLORD OR ITS OR THEIR AGENTS OR ATTORNEYS IN ANY RESPECT, NOR SHALL LANDLORD HAVE ANY OBLIGATIONS OR LIABILITIES TO TENANT UNLESS AND UNTIL BOTH LANDLORD AND TENANT HAVE EXECUTED AND DELIVERED THIS DOCUMENT. UNTIL ANY SUCH FULL EXECUTION AND
DELIVERY OF THIS DOCUMENT, EITHER LANDLORD OR TENANT MAY TERMINATE ALL NEGOTIATIONS WITH THE OTHER RELATING TO THE SUBJECT MATTER HEREOF, WITHOUT CAUSE AND FOR ANY REASON, WITHOUT RECOURSE OR LIABILITY. 

 TABLE OF CONTENTS 

 

							
	 1.
	 	BASIC LEASE PROVISIONS	  	 	1	  
	 2.
	 	PROJECT	  	 	3	  
	 3.
	 	TERM	  	 	6	  
	 4.
	 	RENT	  	 	9	  
	 5.
	 	USE & OCCUPANCY	  	 	17	  
	 6.
	 	SERVICES & UTILITIES	  	 	20	  
	 7.
	 	REPAIRS	  	 	24	  
	 8.
	 	ALTERATIONS	  	 	25	  
	 9.
	 	INSURANCE	  	 	27	  
	 10.
	 	DAMAGE OR DESTRUCTION	  	 	30	  
	 11.
	 	INDEMNITY	  	 	31	  
	 12.
	 	CONDEMNATION	  	 	33	  
	 13.
	 	TENANT TRANSFERS	  	 	34	  
	 14.
	 	LANDLORD TRANSFERS	  	 	38	  
	 15.
	 	DEFAULT AND REMEDIES	  	 	40	  
	 16.
	 	INTENTIONALLY OMITTED.	  	 	44	  
	 17.
	 	HAZARDOUS MATERIALS	  	 	44	  
	 18.
	 	EXTERIOR SIGNAGE.	  	 	48	  
	 19.
	 	CONDOMINIUM REGIME.	  	 	49	  
	 20.
	 	MISCELLANEOUS	  	 	50	  

 LIST OF EXHIBITS 
  

	
	 EXHIBIT A – ILLUSTRATION OF PROJECT

	 EXHIBIT B – CONDOMINIUM DECLARATION

	 EXHIBIT C – RULES AND REGULATIONS

	 EXHIBIT D – PARKING

	 EXHIBIT E – NOTICE OF LEASE TERM

	 EXHIBIT F – WORK LETTER

	 EXHIBIT G – ROOF TOP RIGHTS

	 EXHIBIT H – LETTER OF CREDIT PROVISIONS

  
 ii 

 INDEX OF DEFINED TERMS 

 

					
	 Additional Insured
	  	 	27	  
	 Additional Rent
	  	 	10	  
	 Additional Services
	  	 	21	  
	 Affiliates
	  	 	33	  
	 Alterations
	  	 	25	  
	 Amortization Rate
	  	 	15	  
	 Base Building
	  	 	4	  
	 Base Rent
	  	 	1	  
	 Billing Addresses
	  	 	2	  
	 Brokers
	  	 	3	  
	 Building
	  	 	1	  
	 Building Standard
	  	 	5	  
	 Building Structure
	  	 	4	  
	 Claims
	  	 	31	  
	 Code
	  	 	34	  
	 Commencement Date
	  	 	6	  
	 Condominium
	  	 	3	  
	 Condominium Common Areas
	  	 	4	  
	 Condominium Declaration
	  	 	10	  
	 Condominium Plan
	  	 	3	  
	 Construction Allowance
	  	 	3	  
	 control
	  	 	21	  
	 Cost-Saving Expenses
	  	 	12	  
	 Design Problem
	  	 	25	  
	 Draft
	  	 	G-5	  
	 Draw Event
	  	 	G-7	  
	 Encumbrance
	  	 	38	  
	 Estimated Additional Rent
	  	 	15	  
	 Execution Date
	  	 	1	  
	 Executive Order
	  	 	19	  
	 Expenses
	  	 	11	  
	 Expiration Date
	  	 	6	  
	 Force Majeure
	  	 	44	  
	 Generator Equipment
	  	 	23	  
	 Government Mandated Expenses
	  	 	12	  
	 Holdover
	  	 	9	  
	 HVAC
	  	 	20	  
	 Interruption Estimate
	  	 	30	  
	 Landlord
	  	 	38	  
	 Landlord Default
	  	 	27	  
	 Landlord’s Broker
	  	 	3	  
	 Late Charge
	  	 	17	  

 

					
	 Lease
	  	 	1	  
	 Leasehold Improvements
	  	 	4	  
	 Letter of Credit
	  	 	G-5	  
	 LOC Amount
	  	 	G-5	  
	 Mechanical Systems
	  	 	4	  
	 Month
	  	 	6	  
	 NLT
	  	 	6	  
	 Notice Addresses
	  	 	2	  
	 OFAC
	  	 	19	  
	 Outside Areas
	  	 	4	  
	 Parking
	  	 	3	  
	 Parking Garage
	  	 	3	  
	 Patio/Courtyard Area
	  	 	4	  
	 Permitted Transferee
	  	 	35	  
	 Premises
	  	 	1	  
	 Project
	  	 	3	  
	 Reconciliation Statement
	  	 	15	  
	 Rent
	  	 	17	  
	 Repair Estimate
	  	 	30	  
	 RSF
	  	 	1	  
	 Security Deposit
	  	 	1	  
	 Standard Services
	  	 	20	  
	 Successor Landlord
	  	 	39	  
	 Taking
	  	 	33	  
	 Taxes
	  	 	10	  
	 Telecommunication Services
	  	 	22	  
	 Tenant
	  	 	1	  
	 Tenant Affiliates
	  	 	23	  
	 Tenant Default
	  	 	25	  
	 Tenant’s Broker
	  	 	3	  
	 Tenant’s Personal Property
	  	 	5	  
	 Tenant’s Share
	  	 	2	  
	 Tenant’s Wiring
	  	 	22	  
	 Term
	  	 	6	  
	 Transfer
	  	 	34	  
	 Use
	  	 	1	  
	 Well-Being Expenses
	  	 	12	  

 
 

  
 iii 

 OFFICE LEASE 

Landlord and Tenant enter into this Office Lease (“Lease”) as of the Execution Date on the following terms, covenants, conditions
and provisions: 
  

	1.	BASIC LEASE PROVISIONS 

 1.1 Basic Lease Definitions. In this Lease, the following
defined terms have the meanings indicated. 
  

							
			
	(a)	  	Execution Date:	  	June 16, 2011.
			
	(b)	  	Landlord:	  	BEHRINGER HARVARD EL CAMINO REAL LP, a Delaware limited partnership.
			
	(c)	  	Tenant:	  	BOX.NET, INC., a Delaware corporation.
			
	(d)	  	Premises:	  	All of the interior area (except as set forth in Section 2.6(b), below) of the building known as the 4440 El Camino Building located on the Land and having an address of 4440 El Camino Real, Los Altos, California. The
Building is depicted on EXHIBIT A attached hereto.
			
	(e)	  	RSF of Premises	  	For purposes of this Lease, the Premises are deemed to contain 96,562 rentable square feet (“RSF”). There is no right to remeasure.
			
	(f)	  	Use:	  	General administrative non-governmental office use and any other legally permitted use consistent therewith including, but not limited to, computer and development and computer laboratory use.
			
	(g)	  	Term:	  	Seven (7) years (See §3.2 below).
			
	(h)	  	Commencement Date:	  	See §3.2 below.
			
	(i)	  	Base Rent:	  	The following amounts payable in accordance with Article 4:

  

					
	Months	  	Monthly Base Rent Rate per RSF	  	Monthly Base Rent
	 1 through 12
	  	$3.00	  	$289,686.00
	 13 through 24
	  	$3.09	  	$298,376.58
	 25 through 36
	  	$3.18	  	$307,327.88
	 37 through 48
	  	$3.28	  	$316,547.71
	 49 through 60
	  	$3.38	  	$326,044.15
	 61 through 72
	  	$3.48	  	$335,825.47
	 73 through 84
	  	$3.58	  	$345,900.23

									
			
	(j)	  	Tenant’s Share:	  	100%.
			
	(k)	  	Target Delivery Date	  	June 30, 2011
			
	(l)	  	Credit Enhancement:	  	Letter of Credit in the amount of $1,800,000.00, which amount is subject to periodic reduction as set forth in EXHIBIT H.
			
	(m)	  	Notice Address:	  	For each party, the following address(es):
				
	 	  	To Landlord	  	To Tenant	  	 
		  	 Behringer Harvard El Camino Real LP

15601 Dallas Parkway, Suite 600
 Addison, Texas 75001

Attn: Lease Administration
  

with a copy to:
  

Behringer Harvard El Camino Real LP
 c/o Property Manager

950 W. Maude Ave.
 Sunnyvale, California 94085

 
 with a copy of notices of default to:

 
 Behringer Harvard REIT I, Inc.

15601 Dallas Parkway, Suite 600
 Addison, Texas 75001

Attn: Chief Legal Officer
	  	 Before the Commencement Date:
  

Box.Net, Inc.
 220 Portage Ave.

Palo Alto, California 94306
 Attn: Dylan Smith, CFO

 
 With a separate copy at the same address to:

Greg Strickland, VP Business Operations
  

After the Commencement Date:
  

Box.Net, Inc.
 4440 El Camino Real

Los Altos, California 94022
 Attn: Dylan Smith, CFO

 
 With a separate copy at the same address to:

Greg Strickland, VP Business Operations

			
	(n)	  	Billing Address:	  	For each party, the following address:

  
 2 

									
				
	 	  	For Landlord	  	For Tenant	  	 
		  	 Behringer Harvard El Camino Real LP

c/o JP Morgan Chase
 PO Box 974865

Dallas, Texas 75397-4865
	  	 Before the Commencement Date:
  

Box.Net, Inc.
 220 Portage Ave.

Palo Alto, California 94306
 Attn: Greg Strickland, VP Business
Operations
  
 After the Commencement Date:

 
 Box.Net, Inc.

4440 El Camino Real
 Los Altos, California 94022

Attn: Greg Strickland, VP Business Operations

			
	(o)	  	Brokers:	  	CBRE (“Landlord’s Broker”), whose right to a commission to be paid by Landlord is subject to a separate written agreement with Landlord; and Cornish & Carey Newmark Knight Frank (“Tenant’s
Broker”), whose right to a commission to be paid by Landlord is subject to a separate written agreement with Landlord.
			
	(p)	  	Parking :	  	See EXHIBIT D.
			
	(q)	  	 Construction
 Allowance:
	  	$20.00 per RSF of the Premises. See EXHIBIT F.

  

	2.	PROJECT 

 2.1 Project. The “Project” means and includes, collectively, the
parcel of land described as “Unit 1” in that certain “Condominium Plan” (herein so called), Parcel 1 of Parcel Map 734, at Pages 26 and 27, Los Altos-El Camino Commercial Condominium, Los Altos, California, filed in the City of
Los Altos, County of Santa Clara, State of California, which condominium plan was recorded on November 29, 2000 under instrument number 15475773 in the office of the county recorder of Santa Clara County, California (the condominium regime
established by the Condominium Plan and the Condominium Declaration (hereinafter defined) being herein referred to as the “Condominium”), together with (i) the Building and all other improvements located thereon, (iii) the
multilevel underground parking garage included in Unit 1 (including the extension thereof into and below the surface of Unit 2 of the Condominium, as described in the Condominium Plan) (the “Parking Garage”), (iii) the Outside Areas
(as defined below), (iv) the Condominium Common Areas (as defined below) and all easements benefitting Unit 1, and (v) the Patio/Courtyard Area (as defined below). The Project (including an elevation illustration detailing the Parking
Garage) is attached hereto as EXHIBIT A. 

  
 3 

 2.2 Base Building. “Base Building” means the Building Structure and Mechanical
Systems, collectively, defined as follows: 
  

	 	(a)	Building Structure. “Building Structure” means the foundations, floor/ceiling slabs, roofs, exterior walls, exterior glass and mullions, columns, beams, shafts (including elevator shafts), stairs,
stairwells, elevators, Building mechanical, electrical and telephone closets, Outside Areas, public areas, and any other structural components in the Building. The Building Structure excludes the Leasehold Improvements (and similar improvements to
other premises) and the Mechanical Systems. 

  

	 	(b)	Mechanical Systems. “Mechanical Systems” means, without limitation, the mechanical, electronic, physical or informational systems generally serving the Building or Outside Areas, including the
sprinkler, plumbing, heating, ventilating, air conditioning, lighting, communications, drainage, sewage, waste disposal, vertical transportation, fire/life safety and security systems, if any. 

2.3 Outside Areas. “Outside Areas” means and includes the portion of the surface area of Unit 1 not covered by the Building
(including, without limitation, surface parking, driveways, ramps, walkways and landscaped areas, plus the Patio/Courtyard Area. 
 2.4
Condominium Common Areas. “Condominium Common Areas” means the area of the Condominium depicted as the “common area” under the Condominium Plan and as shown on EXHIBIT B. 

2.5 Patio/Courtyard Area. The “Patio/Courtyard Area” is the area immediately to the rear of the Building and depicted as such
on EXHIBIT A hereto and located on Unit 2 of the Condominium. 
 2.6 Leasehold Improvements. The Premises includes the
Leasehold Improvements and excludes certain areas, facilities and systems, as follows: 
  

	 	(a)	 Leasehold Improvements. “Leasehold Improvements” means all non-structural improvements in the Premises or exclusively serving the
Premises, and any structural improvements to the Building made to accommodate Tenant’s particular use of the Premises. The Leasehold Improvements may exist in the Premises as of the Execution Date, or be installed by Landlord or Tenant under
this Lease at the cost of either party. The Leasehold Improvements include: (1) interior walls and partitions (including those surrounding structural columns entirely or partly within the Premises); (2) the interior one-half of walls that
separate the Premises from adjacent areas designated for leasing; (3) the interior drywall on exterior structural walls, and walls that separate the Premises from the Outside Areas; (4) stairways and stairwells

  
 4 

	 	
connecting parts of the Premises on different floors, except those required for emergency exiting; (5) the frames, casements, doors, windows and openings installed in or on the improvements
described in (1-4), or that provide entry/exit to/from the Premises; (6) all hardware, fixtures, cabinetry, railings, paneling, woodwork and finishes in the Premises or that are installed in or on the improvements described in (1-5);
(7) if any part of the Premises is on the ground floor, the ground floor exterior windows (including mullions, frames and glass); (8) integrated ceiling systems (including grid, panels and lighting); (9) carpeting and other floor
finishes; (10) kitchen, rest room, lavatory or other similar facilities that exclusively serve the Premises (including plumbing fixtures, toilets, sinks and built-in appliances); (11), the elevator lobby, corridors and restrooms located in the
Building; and (12) the sprinkler, plumbing, heating, ventilating, air conditioning, lighting, communications, security, drainage, sewage, waste disposal, vertical transportation, fire/life safety, and other mechanical, electronic, physical or
informational systems that exclusively serve the Premises. 

  

	 	(b)	Exclusions from the Premises. The Premises does not include: (1) the roof of the Building and any areas above the finished ceiling or integrated ceiling systems, or below the finished floor coverings that
are not part of the Leasehold Improvements, (2) rooms for Mechanical Systems or connection of telecommunications equipment, (3) vertical transportation shafts, (4) vertical or horizontal shafts, risers, chases, flues or ducts,
(5) elevator banks; provided, however, except with respect to the roof which shall be governed by the terms of EXHIBIT G, Tenant shall have reasonable access to the areas described in subsections (1)-(5) above for purposes of
installing and maintaining Tenant’s Wiring, the Tenant Improvements and Alterations, as well as for purposes of performing any maintenance and repair required of Tenant hereunder. 

2.7 Building Standard. “Building Standard” means the minimum or exclusive type, brand, quality or quantity of materials
Landlord designates for use in the Building from time to time. 
 2.8 Tenant’s Personal Property. “Tenant’s Personal
Property” means any FF&E (as defined in Section 8(f) of EXHIBIT F) and those trade fixtures, furnishings, equipment, work product, inventory, stock-in-trade and other personal property of Tenant that are not permanently affixed
to the Project in a way that they become a part of the Project and will not, if removed, impair the value of the Leasehold Improvements that Tenant is required to deliver to Landlord at the end of the Term under §3.3. 

2.9 FF&E. Tenant shall maintain any FF&E in good condition and repair. Tenant shall not remove any FF&E from the Premises
without the prior written consent of Landlord. Upon the expiration or termination of this Lease, the FF&E will belong to Landlord and Tenant shall leave the FF&E in place in the Premises. 

  
 5 

	3.	TERM 

 3.1 Demise. Landlord hereby leases to Tenant, and Tenant hereby leases from
Landlord, the Premises for the Term and subject to the terms of this Lease 
 3.2 Term. The “Term” means the period that
begins on the Commencement Date and ends on the Expiration Date, subject to renewal, extension or earlier termination as may be further provided in this Lease or otherwise agreed to by Landlord and Tenant in writing. “Month” means a full
calendar month of the Term. 
  

	 	(a)	Commencement Date. “Commencement Date” means the date that is ninety (90) days after the Delivery Date. The “Delivery Date” means the date that is the later of the date upon which
Landlord delivers the Premises to Tenant in the Delivery Condition or the Target Delivery Date. “Delivery Condition” means broom clean and with the Leasehold Improvements existing as of the Delivery Date, the Building Structure and all
Mechanical Systems and the Generator (hereinafter defined) in good working order and condition. Landlord shall endeavor to deliver the Premises to Tenant by the Target Delivery Date. If Landlord fails to deliver possession of the Premises to Tenant
by the Target Delivery Date, such failure will not constitute a default of this Lease or grounds for termination of this Lease, and Tenant agrees to accept possession of the Premises when same are delivered by Landlord in the Delivery Condition.
During the period commencing upon the mutual execution and delivery of this Lease and ending on the Delivery Date, Tenant may occupy the Premises solely for space planning. During the period beginning on the Delivery Date and ending on the
Commencement Date, Tenant may occupy the Premises not only for space planning but also for planning for and performing the Tenant Improvements, moving into the Premises, and at Tenant’s option, conducting its customary business activities.
Occupancy of the Premises during such periods shall be subject to compliance by Tenant with all terms and provisions of this Lease, other than those terms and provisions requiring the payment of Base Rent and (except as set forth in
Section 3.2(d), below) those terms and provisions requiring the payment of Additional Rent. 

  

	 	(b)	Expiration Date. “Expiration Date” means the last day of the Month in which the seventh (7th) anniversary of the Commencement Date occurs;
provided, however, that if the Commencement Date is the first (1st) day of a Month, then the Expiration Date will be the day immediately preceding the seventh (7th) anniversary of the Commencement Date. 

  

	 	(c)	Confirmation of Term. Landlord shall notify Tenant of the Commencement Date using a Notice of Lease Term (“NLT”) in the form attached to this Lease as EXHIBIT E. Tenant shall execute and deliver
to Landlord the NLT within ten (10) business days after its receipt, but Tenant’s failure to do so will not reduce Tenant’s obligations or Landlord’s rights under this Lease. 

  
 6 

	 	(d)	Conduct of Business Prior to Commencement Date. At Tenant’s sole option but with three (3) Business Days prior written notice to Landlord, Tenant may conduct its customary business activities in all or
any part of the Premises during the period prior to the Commencement Date (“Early Occupancy Period”), provided that occupancy of the Premises during any Early Occupancy Period shall be subject to compliance by Tenant during such period
with all terms and provisions of this Lease, including without limitation those provisions requiring the payment of Additional Rent, but excluding those provisions requiring payment of Base Rent. Tenant’s obligation to pay Additional Rent prior
to the Commencement Date arising from this Section 3.2(d) shall be determined on a floor by floor basis (i.e. if Tenant operates its business prior to the Commencement Date on only one floor, then the Additional Rent payable by Tenant shall be
33.33% of the Additional Rent allocable to the Building). 

  

	 	(e)	Payoff of Loan; Option. 

 (i) Landlord hereby represents and warrants to Tenant
that there are no deeds of trust, mortgages, or other voluntary financing liens affecting the Project other than a deed of trust in favor of Credit Suisse First Boston Capital LLC (“Lender”). 

(ii) Landlord has informed Tenant that Landlord intends to pay, in full, the loan evidenced by the above-referenced deed of trust (the
“Loan”). On or before July 11, 2011, or such later date upon which the parties may agree in writing (the “Deadline”), Landlord shall deliver to Tenant (1) a written certification to Tenant executed by Landlord which
references this Section 3.2(e) of the Lease and certifies that Landlord has wired to the Lender sufficient funds to pay off the Loan (the “Payoff Certification”), and (2) a copy of the payoff quote/letter which Landlord receives
from the Lender as well as a copy of the wire confirmation (with fed reference number) confirming the wire of the payoff funds to Lender (the “Payoff Documentation”) (the provision of the Payoff Certification and the Payoff Documentation
to Tenant being referred to herein collectively as the “Payoff Requirements”). Landlord agrees to use commercially reasonable efforts to pay off the Loan and satisfy the Payoff Requirements on or before the Deadline. If Landlord fails to
satisfy the Payoff Requirements on or before the Deadline, said failure shall not constitute a default under the Lease, but Tenant in its sole and absolute discretion may terminate and cancel this Lease. The option to terminate this Lease set forth
in this Section 3.2(e) shall be Tenant’s sole and exclusive recourse for Landlord’s failure to satisfy the Payoff Requirements. This option to terminate the Lease shall be exercisable by Tenant only by delivery of written notice of
such termination to Landlord on or before the date which is five (5) business days after the Deadline (but in any event prior to the satisfaction of the Payoff Requirements), whereupon this Lease shall be deemed cancelled and terminated
effective as of the day of delivery of the termination notice. 

  
 7 

 (iii) If this Lease is terminated pursuant to the provisions of this Section 3.2(e), then
Landlord shall reimburse Tenant for Tenant’s Transaction Costs in connection with this Lease. “Transaction Costs” means the following costs to the extent actually incurred by Tenant in connection with the negotiation of this Lease and
preparing the Premises for Tenant’s initial occupancy: reasonable legal fees, space planning and design fees, architectural and engineering fees, hard and soft construction costs and permitting fees. Such payment shall be made on or before ten
(10) business days following the later of (i) the termination of this Lease, or (ii) Tenant’s delivery to Landlord of an invoice for such amounts (with a detailed calculation of such amounts and reasonable back-up documentation).
Landlord’s failure to make such payment when required shall constitute a default under the Lease entitling Tenant to exercise the remedies therefor set forth in the Lease. This Section 3.2(e)(iii) shall survive any termination of this
Lease. 
 3.3 Acceptance of Premises. Subject to the Delivery Condition, Tenant will accept possession of the Premises on the Delivery
Date in its “AS IS” condition and “WITH ALL FAULTS”. Notwithstanding, Landlord warrants the good working order and condition of the Leasehold Improvements existing as of the Delivery Date, the Building Structure,
the Mechanical Systems and the Generator until 120 days after Tenant first occupies all or any portion of the Premises for purposes of conducting business, (provided that in any event the 120 day warranty period commences no later than the ninetieth
(90th) day following the Commencement Date) subject to maintenance, repairs or replacement required by the negligence, misuse or misconduct of Tenant. In the event Tenant notifies Landlord of
any noncompliance with said warranty during the 120 day warranty period, then as Tenant’s sole and exclusive remedy for such noncompliance, Landlord shall promptly undertake to complete any required repairs or replacements identified in
Tenant’s notice and such repairs or replacements shall be expeditiously completed at Landlord’s sole cost and expense, without reimbursement by Tenant. Otherwise, Landlord does not make and Tenant does not rely upon any representation or
warranty of any kind, express or implied, with respect to the condition of the Premises (including habitability or fitness for any particular purpose of the Premises). TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, LANDLORD HEREBY DISCLAIMS,
AND TENANT WAIVES THE BENEFIT OF, ANY AND ALL IMPLIED WARRANTIES, INCLUDING IMPLIED WARRANTIES OF HABITABILITY AND FITNESS OR SUITABILITY FOR A PARTICULAR PURPOSE. 

Landlord represents that to Landlord’s actual knowledge, it has delivered to Tenant true, correct and complete copies of the most current survey and the
title policy in its possession relating to the status of title to the Project and that certain Phase I prepared by AEI Consultants, and to Landlord’s actual knowledge without investigation, there has been no change to the condition of title or
the existence of any hazardous or toxic materials at or under the Project from and after the dates referenced in such documents. For purposes of this paragraph, the term “Landlord’s actual knowledge” shall be deemed to mean and be
limited to the current actual knowledge of the Designated Knowledge Person (as defined below) and the current property manager, at the time of execution of this Lease and not any implied, imputed, or constructive knowledge of said individuals or of
Landlord or any 

  
 8 

 
parties related to or comprising Landlord and without any independent investigation or inquiry having been made or any implied duty to investigate or make any inquiries; it being understood and
agreed that such individuals shall have no personal liability in any manner whatsoever hereunder or otherwise related to the transactions contemplated hereby. “Designated Knowledge Person” means Rob Thomas. 

3.4 Holdover. If Tenant keeps possession of the Premises after the end of the Term (a “Holdover”) without Landlord’s
prior written consent (which may be withheld in its sole and absolute discretion), then in addition to the remedies available elsewhere under this Lease or by applicable law, Tenant will be a tenant at sufferance and must comply with all of
Tenant’s obligations under this Lease, except that during the Holdover Tenant will pay all Additional Rent plus one hundred fifty percent (150%) of the monthly Base Rent last payable under this Lease. Tenant shall indemnify and defend
Landlord from and against all claims and damages, both consequential and direct, that Landlord suffers due to Tenant’s failure to return possession of the Premises to Landlord at the end of the Term. Except as provided herein, Landlord’s
deposit of Tenant’s Holdover payment will not constitute Landlord’s consent to a Holdover, or create or renew any tenancy. 

3.5 Condition on Expiration. By the end of the Term, Tenant will return possession of the Premises to Landlord vacant, free of
Tenant’s Personal Property (except for any FF&E, which Tenant shall leave in the Premises), in broom-clean condition, and with all Leasehold Improvements in the same condition received (excepting ordinary wear and tear) or in such better
condition as Tenant may have put the same (excepting ordinary wear and tear), except that Tenant will remove Tenant’s Wiring and those Leasehold Improvements and Alterations (as such terms are defined herein) that, when approved by Landlord,
were required to be removed at the end of the Term. If Tenant fails to return possession of the Premises to Landlord in this condition, Tenant shall reimburse Landlord for the costs, including Landlord’s standard administration fee of seven
percent (7%) (“Standard Administration Fee”), incurred to put the Premises in the condition required under this §3.5. Tenant’s Personal Property left behind in the Premises after the end of the Term will be considered
abandoned and Landlord may move, store, retain or dispose of these items at Tenant’s cost, including Landlord’s Standard Administration Fee. Notwithstanding, Tenant shall in no event be required to (i) remove any alterations or
improvements existing in the Premises on the Delivery Date or any of the Tenant Improvements except for non-Building Standard Tenant Improvements designated in writing for removal by Landlord at the time it approved the Final CDs noting such Tenant
Improvements or (ii) any improvements for which Landlord’s consent has been secured and which comprise any usual office improvements for a general, standard office use such as standard gypsum board, partitions, typical office ceiling grids
and tiles, typical office lighting panels, typical office doors and carpeting, standard break rooms and lunchrooms. 
  

	4.	RENT 

 4.1 Base Rent. Tenant shall prepay one (1) Month’s installment of Base
Rent upon the mutual execution and delivery of this Lease, to be applied against Base Rent first due under this Lease. During the Term, Tenant shall pay all other Base Rent in advance, in monthly installments, on the first (1st) day of each Month. Base Rent for any partial Month will be prorated. 

  
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 The Base Rent payments shall be abated for the first six (6) months of the Term (the
“Abatement Period”). To illustrate, if the Commencement Date is September 28, 2011, then the Abatement Period will commence on the Commencement Date and end on March 27, 2012. If the Abatement Period does not end on the last day
of a Month, then on the day following the end of the Abatement Period, Tenant shall make a prorated Base Rent payment for the remainder of such Month. If a monetary Default under the Lease by Tenant occurs after the Delivery Date, then (i) if
the Abatement Period has not expired or terminated, the Abatement Period shall immediately terminate and Tenant shall pay full Base Rent commencing on the Commencement Date, if the Commencement Date has not occurred, or immediately commence payment
of full Base Rent if the Commencement Date has already occurred, and (ii) if Landlord terminates the Lease or Tenant’s possession of the Premises due to such Default, Tenant shall pay to Landlord upon demand, for loss of the bargain and
not as a penalty, the then unamortized portion of the total of all abated Base Rent, which shall be computed over the period beginning with month seven (7) of the initial Term and ending on the original Expiration Date and with interest at ten
percent (10%) per annum. 
 4.2 Additional Rent. Tenant’s obligation to pay Taxes and Expenses under this §4.2 is
referred to in this Lease as “Additional Rent.” 
  

	 	(a)	Taxes. For each calendar year during the Term (which for purposes of this Section 4.2 may be deemed to include a portion of the Early Occupancy Period as provided in Section 3.2(d) above), Tenant shall
pay Landlord in the manner described herein the Tenant’s Share of Taxes paid or payable by Landlord for that calendar year. “Taxes” means all taxes and assessments of every kind and nature that Landlord shall pay or become obligated
to pay in respect of a calendar year or portion thereof during the Term which shall include, without limitation, the following: (1) real and personal property taxes and assessments (including ad valorem and special assessments) levied on the
Project and Landlord’s personal property used in connection with the Project; (2) taxes on rents or other income derived from the Project; (3) capital and place-of-business taxes; (4) taxes, assessments or fees in lieu of the
taxes described in (1-3); (5) Any assessments or impositions charged or imposed against Landlord or Unit 1 under the declaration of covenants, restrictions and easements for the Los Alto-El Camino office/hotel commercial condominium recorded
under as instrument 15475774 on November 29, 2000 in the office of the recorder of Santa Clara County, California (as such may be amended, the “Condominium Declaration” [Unit 1 of the Condominium being the “Office Unit” as
defined in the Condominium Declaration]), provided however any such assessments or impositions which are specifically allocated to any repair, replacement or improvement which would ordinarily be treated as a capital expenses shall be amortized, and
(6) the reasonable costs incurred to reduce the taxes described in (1-5). Notwithstanding the foregoing, taxes excludes (A) net income taxes and taxes paid under §4.3 and (B) fines, costs or penalties incurred as a result and to
the extent of a violation by Landlord of applicable laws or the Condominium Declaration or Landlord’s failure to timely pay any taxes or assessments on the Project. 

  
 10 

 Tenant, at Tenant’s sole cost, will have the right to seek a reduction in
the assessed valuation of the Premises as reflected in the Project’s real property taxes. Landlord will not be required to join in any proceeding or contest brought by Tenant, unless the provisions of any applicable laws require that the
proceeding or contest be brought by or in the name of Landlord as owner of the Premises. If required by law, Landlord will join in the proceeding or contest as long as Landlord is not required to bear any cost or incur any liability therefor (unless
Tenant agrees in writing to reimburse Landlord or indemnify and hold harmless Landlord for such liability, as the case may be, in which event any such reimbursable costs shall be paid to Landlord within thirty (30) days following
Landlord’s written demand together with an itemized statement of costs incurred by Landlord therefor). Any proceeding or contest will be conducted at Tenant’s sole cost and expense unless Landlord receives a reduction in assessed value. If
Landlord receives a rebate of sums paid as real property taxes applicable to the Property, Landlord will reimburse Tenant its reasonable cost incurred up to the amount of the payment or benefit received by Landlord (but subtracting from such
reimbursement the amount of Tenant’s Share of any unreimbursed costs and expenses actually incurred by Landlord in such appeal). After the effective date of any reduction in value (and during the period that such reduction shall apply (which
may include periods before a reduction in assessed value is received)), Tenant shall be liable for Tenant’s Share of such real property taxes based on such reduced valuation. 

 

	 	(b)	Expenses. For each calendar year during the Term, Tenant shall pay Landlord in the manner described herein the Tenant’s Share of the Expenses paid or incurred by Landlord for that calendar year.
“Expenses” means the total costs incurred by Landlord to operate, manage, administer, equip, secure, protect, repair, replace, refurbish, clean, maintain, decorate and inspect the Project, including a market fee to manage the Project of
not less than three percent (3%) of the gross revenue of the Project. 

  

	 	(1)	Expenses include, without limitation: 

  

	 	(A)	Standard Services provided under §6.1; 

  

	 	(B)	Repairs and maintenance performed under §7.2; 

  

	 	(C)	Insurance maintained under §9.2 (including deductibles paid); 

  

	 	(D)	Wages, salaries and benefits of personnel at or below the level of the Building’s manager, to the extent they render services to the Project; 

  
 11 

	 	(E)	Costs of operating the Project management office (including reasonable rent); 

  

	 	(F)	Cost operating, maintaining and repairing the Parking Garage and other parking facilities at the Project; 

  

	 	(G)	Amortization installments of costs required to be capitalized and incurred to: 

  

	 	(i)	Comply with Laws, but only to the extent such compliance relates to Laws which are amended, become effective, or are interpreted or enforced differently after the Execution Date (“Government Mandated
Expenses”); 

  

	 	(ii)	Reduce other Expenses or the rate of increase in other Expenses ( “Cost-Saving Expenses”); or 

  

	 	(iii)	Improve or maintain the safety, structural or mechanical integrity of the Building, health or access of Project occupants, and otherwise maintain the quality, appearance, or integrity of the Project (“Well-Being
Expenses”); and. 

  

	 	(H)	Expenses Landlord incurs under the Condominium Declaration as the owner of the Office Unit thereunder except to the extent included in Taxes. 

 

	 	(2)	Expenses exclude: 

  

	 	(A)	Taxes; 

  

	 	(B)	Mortgage payments (principal and interest), ground lease rent, and costs of financing or refinancing the Building; 

  

	 	(C)	Commissions, advertising costs, attorney’s fees and costs of improvements in connection with leasing space in the Building; 

  

	 	(D)	Costs reimbursed by insurance proceeds, warranties or guarantees, or by tenants of the Building (other than as Additional Rent) or any other third party; 

 

	 	(E)	Depreciation; 

  

	 	(F)	Except for the costs identified in §4.2(b)(1)(G), costs customarily capitalized under sound real estate accounting and management principles, consistently applied; 

  
 12 

	 	(G)	Collection costs and legal fees paid in disputes with tenants; 

  

	 	(H)	Intentionally omitted; 

  

	 	(I)	Installments of costs amortized under subsection (c) of this §4.2; 

  

	 	(J)	Costs of performing additional services to or for tenants to any extent that such services exceed those provided by Landlord to Tenant without charge hereunder; 

 

	 	(K)	Amounts payable by Landlord for damages or which constitute a fine, interest, or penalty, including interest or penalties for any late payments of operating costs; 

 

	 	(L)	Costs representing an amount paid for services or materials to an affiliate of Landlord to any extent such amount exceeds the amount that would be paid for such services or materials at the then existing market rates to
a person or entity that is not an affiliate of Landlord; 

  

	 	(M)	Bad debt loss, rent loss, or reserves for bad debts or rent loss; 

  

	 	(N)	Fines, costs or penalties incurred as a result and to the extent of a violation by Landlord of any applicable laws or the Condominium Declaration; 

 

	 	(O)	Any fines, penalties or interest resulting from the gross negligence or willful misconduct of Landlord or its agents, employees or contractors; 

 

	 	(P)	Costs incurred by Landlord for the repair of damage to the Building, to the extent that Landlord is reimbursed for such costs by insurance proceeds, contractor warranties, guarantees, judgments or other third party
sources; 

  

	 	(Q)	Reserves not spent by Landlord by the end of the calendar year for which Expenses are paid; 

  

	 	(R)	Costs incurred by Landlord in connection with the correction of latent defects in the original construction of the Project or with performing any warranty obligations of Landlord under Section 3.3 above;

  

	 	(S)	Any cost or expense incurred to remove, clean, abate or remediate Hazardous Materials existing as of the Execution Date in or about the Project which were installed or deposited in violation of laws applicable on the
Execution Date, except to the extent such removal, cleaning, abatement or remediation is related to the general repair and maintenance of the Project, such as cleaning up automotive oil that leaked onto the paved parking area; 

  
 13 

	 	(T)	The cost of alterations, improvements or replacements installed in or on the Project for the purpose of complying with any laws in effect (and as interpreted and enforced) on the Execution Date, provided that if any
portion of the Project that was in compliance with all applicable laws on the Execution Date of this Lease becomes out of compliance due to normal wear and tear, the cost of bringing such portion of the Project into compliance shall be included in
Expenses unless otherwise excluded pursuant to the terms hereof; and 

  

	 	(U)	Costs to operate the business of the partnership or entity which constitutes the Landlord, as the same are distinguished from the costs of operation of the Project. Costs to operate the business of the partnership or
entity which constitutes the Landlord include costs of partnership accounting and legal matters related to the operation of the partnership business (as opposed to the ownership and management of the Project), costs of defending any lawsuits with
any mortgagee (except as the actions of the Tenant may be in issue), costs, including, without limitation, points, commissions and legal fees, of selling, syndicating, financing, mortgaging or hypothecating any of the Landlord’s interest in the
Project, costs incurred in connection with any disputes between Landlord and its employees or between Landlord and Project management, Landlord’s general overhead and administrative expenses not related to the Project, and wages, salaries
benefits, and compensation paid or given to executives, shareholders, directors or partners of Landlord or any principal or partner of the entity from time to time comprising Landlord (provided, however, the foregoing shall in no event apply to
salaries of persons engaged as part of the property management staff for the Project). 

  

	 	(c)	Amortization and Accounting Principles. 

  

	 	(1)	Each item of Government Mandated Expenses and Well-Being Expenses will be fully amortized in equal annual installments, with interest on the principal balance at the Amortization Rate, over the number of years that
Landlord reasonably projects the item of Expenses will be productive for its intended use, without replacement, but properly repaired and maintained. 

  

	 	(2)	Each item of Cost-Saving Expenses will be fully amortized in equal annual installments, with interest on the principal balance at the Amortization Rate, over the number of years that Landlord reasonably estimates for
the present value of the projected savings in Expenses (discounted at the Amortization Rate) to equal the cost. 

  
 14 

	 	(3)	Any item of Expenses of significant cost that is not required to be capitalized but is unexpected or does not typically recur may, in Landlord’s discretion, be amortized in equal annual installments, with interest
on the principal balance at the Amortization Rate, over a number of years determined by Landlord. 

  

	 	(4)	“Amortization Rate” means the prime rate of Citibank, N.A. (or a comparable financial institution selected by Landlord), plus three percent (3%). 

 

	 	(5)	Landlord will otherwise use sound real estate accounting and management principles, consistently applied, to determine Additional Rent. 

 

	 	(d)	Estimates and Payments. Each calendar year, Landlord will reasonably estimate and advise Tenant in writing of Additional Rent that may be payable with respect to such calendar year. Tenant will pay the estimated
Additional Rent in advance, in monthly installments, on the first day of each month, until the estimate is revised by Landlord. Landlord may reasonably revise its estimate during a calendar year and the monthly installments after the revision will
be paid based on the revised estimate. The aggregate estimates of Additional Rent paid by Tenant in a calendar year is the “Estimated Additional Rent.” Without limiting Landlord’s other rights hereunder and at law, Additional Rent not
paid by the due date shall be subject to the Late Charge provisions set forth in §4.5 below. 

  

	 	(e)	Settlement. Within one hundred eighty (180) days following the end of each calendar year that Additional Rent is payable, Landlord will give Tenant a statement of the actual Additional Rent for the calendar
year (“Reconciliation Statement”). If the actual Additional Rent exceeds the Estimated Additional Rent for the calendar year, then Tenant shall pay the underpayment to Landlord in a lump sum as Rent within thirty (30) days after
receipt of the Reconciliation Statement. If the Estimated Additional Rent paid by Tenant exceeds the actual Additional Rent for the calendar year, then Landlord shall credit the overpayment against Additional Rent or, to the extent no other Rent is
due, returned to Tenant. Landlord’s and Tenant’s obligations under this §4.2(e) survive the end of the Term. Landlord may correct any statement within twelve (12) months after it is initially issued, but may not further correct
it thereafter (and Tenant’s right to audit as set forth below shall arise at such time for the corrected item only). 

  

	 	(f)	 Dispute of Additional Rent. The Reconciliation Statement is conclusive, binds Tenant, and Tenant waives all rights to contest the statement,
except for items of Additional Rent to which Tenant objects by written notice to Landlord given within ninety (90) days after Tenant’s receipt of the Reconciliation Statement; however, Tenant’s objection will not relieve Tenant from
its obligation to pay Additional Rent 

  
 15 

	 	
pending resolution of any objection. If Tenant timely objects to the Reconciliation Statement in any respect, Tenant and Landlord shall have thirty (30) days after Landlord’s receipt of
Tenant’s questions to amicably resolve them. If Tenant timely objects to Landlord’s Reconciliation Statement and such objections are not amicably settled between Landlord and Tenant within such thirty (30) period, Tenant, at its
expense, shall have sixty (60) days from the end of such thirty (30) day period to audit Landlord’s books and records relating to Additional Rent for all or any part of the immediately preceding calendar year. Any audit by Tenant must
be performed within such period by a reputable independent certified public accountant experienced in auditing office building operating expenses and engaged by Tenant on a non-contingency fee basis. Tenant shall provide Landlord with a copy of such
audit upon completion. Landlord shall cooperate with the Tenant in connection with such audit and shall make available its books and records relating to Additional Rent for the previous calendar year upon not less than ten (10) business days
notice, during regular business hours, and at the location where Landlord regularly keeps its books and records for the Project. Under no circumstances will Tenant be permitted to review or audit income tax records of Landlord or similar financial
records of Landlord as a business entity. Tenant recognizes that Landlord’s books and records are confidential records and Tenant agrees not to disclose same or the results of its audit to any third party (other than Landlord) except to its
directors, officers, employees, affiliates, subsidiaries, partners, lenders, insurers, auditors, agents, accountants, attorneys, financial advisors, or to any parties required in response to summonses or subpoenas, or to any regulator, organization
of regulators or self-regulatory organization, or as required by applicable law or in connection with any proceeding between Landlord and Tenant pertaining to same. Neither Tenant nor its auditor shall be permitted to take from Landlord’s
office any of Landlord’s books and records without Landlord’s consent. In the event Tenant’s audit reflects that Landlord has overcharged Tenant for Additional Rent for the preceding calendar year, and Landlord does not in good faith
dispute such audit, Landlord shall credit the amount of such overcharge to future payments of Additional Rent to the extent of such overcharge or, if no such payments will be due, promptly reimburse Tenant for such overcharge. If such audit reveals
that Landlord has undercharged Tenant for Additional Rent, Tenant shall promptly pay Landlord the amount of such undercharge within thirty (30) days after written demand by Landlord. The expense of Tenant’s audit shall be borne by Tenant
unless the agreed results of such audit determine that Additional Rent charged to Tenant by Landlord for the period in question was more than five percent (5%) in excess of the actual Additional Rent chargeable to Tenant as determined by the
audit, in which case the actual and reasonable expense of the audit shall be reimbursed by Landlord up to the lesser of (i) $2,500.00, or (ii) the actual amount of the overcharge. Landlord will not under any circumstances be required to
retain or preserve records of Expenses and Additional Rent payable by Tenant for more than twenty-four (24) months after the end of the calendar year to which they relate. Any disputes by Landlord of the results or conclusion of Tenant’s
audit will not be conclusive without agreement of Tenant and each party shall have all rights and remedies available under law with respect to such disputed audit. 

  
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 4.3 Other Taxes. Subject to the other terms of this Lease, upon demand, Tenant will
reimburse Landlord for taxes paid by Landlord on (a) Tenant’s Personal Property, (b) Rent, (c) Tenant’s occupancy of the Premises, or (d) this Lease. If Tenant cannot lawfully reimburse Landlord for these taxes, then to
the extent not prohibited by applicable law, the Base Rent will be increased to yield to Landlord the same amount after these taxes were imposed as Landlord would have received before these taxes were imposed. 

4.4 Terms of Payment. “Rent” means all amounts payable by Tenant under this Lease and the Exhibits, including, without
limitation, Base Rent, Additional Rent, and charges for any Additional Services (as defined in §6.2). If a time for payment of an item of Rent is not specified in this Lease, then Tenant will pay such item of Rent within thirty (30) days
after receipt of Landlord’s statement or invoice. Unless otherwise provided in this Lease, Tenant shall pay Rent without notice, demand, deduction, abatement or setoff, in lawful U.S. currency, at Landlord’s Billing Address. Neither
Landlord’s failure to send an invoice nor Tenant’s failure to receive an invoice for Base Rent (and installments of Estimated Additional Rent) will relieve Tenant of its obligation to timely pay Base Rent (and installments of Estimated
Additional Rent). Each partial payment by Tenant shall be deemed a payment on account; and, no endorsement or statement on any check or any accompanying letter shall constitute an accord and satisfaction, or affect Landlord’s right to collect
the full amount due. No payment by Tenant to Landlord will be deemed to extend the Term or render any notice, pending suit or judgment ineffective. By notice to the other, each party may change its Billing Address. 

4.5 Late Payment. If Landlord does not receive any item of Rent when due, including, without limitation, Base Rent, Additional Rent, and
charges for any Additional Services, then Tenant shall pay Landlord a “Late Charge” of five percent (5%) of the overdue amount. Notwithstanding anything to the contrary set forth above, any such Late Charge shall not be payable with
respect to the first such delinquent item of Rent during each calendar year during the Term (provided that such delinquent item of Rent is actually received by Landlord no later than ten (10) days after its due date), it being understood that
said Late Charge shall apply to the second and any subsequent delinquent payment of Rent during each calendar year during the Term. Tenant agrees that the Late Charge is not a penalty, and will compensate Landlord for costs not contemplated under
this Lease that are impracticable or extremely difficult to fix. Landlord’s acceptance of a Late Charge does not waive any Tenant default arising from such late payment. 
  

	5.	USE & OCCUPANCY 

 5.1 Use. Tenant shall use and occupy the Premises only for the
Use. Landlord does not represent or warrant that the Project is suitable for the conduct of Tenant’s particular business or that the Use is permitted under Laws (hereinafter defined). In no event shall Tenant use the Premises or permit the
Premises to be used for any use which would require any increase to the number of parking spaces within Unit 1. Tenant shall procure at its sole expense any certificates of occupancy and permits and licenses required for the transaction of business
in the Premises for the Use; provided that the failure to obtain same shall not delay the occurrence of the Commencement Date or any obligations of Tenant hereunder. 

  
 17 

 5.2 Compliance with Laws and Directives. 

 

	 	(a)	Tenant’s Compliance. Subject to the remaining terms of this Lease, Tenant shall comply at Tenant’s expense with all directives of Landlord’s insurers and all applicable federal, state and local
laws, ordinances, regulations and permits and restrictions and easements of record including, without limitation, the Condominium Declaration (collectively “Laws”) concerning or pertaining to: 

 

	 	(1)	The Leasehold Improvements and any Alterations, 

  

	 	(2)	Tenant’s use or occupancy of the Premises, the Outside Areas, the Condominium Common Areas and the Parking Garage, 

  

	 	(3)	Tenant’s employer/employee obligations, 

  

	 	(4)	A condition created by Tenant, 

  

	 	(5)	Tenant’s or its invitees’ failure to comply with this Lease, or 

  

	 	(6)	The negligence of Tenant, its agents, contractors, employees, servants, invitees, vendors, licensees or Tenant’s Affiliates. 

Notwithstanding the foregoing or anything else in this Lease to the contrary, in no event shall Tenant have any liability or responsibility for
any alteration, change or addition to the Premises or the Project which was or will be installed or constructed for the primary purpose of complying with any law, regulation, ordinance or order of any public agency, unless such alteration, change or
addition is (i) required because of Tenant’s particular manner of use of the Premises (as opposed to general office use) or any alterations made by Tenant, or (ii) is a permitted Expense as set forth in Section 4.2(b). 

 

	 	(b)	Landlord’s Compliance. Subject to the remaining terms of this Lease, Landlord shall comply at Landlord’s cost with all directives of Landlord’s insurers or Laws concerning the Project other than
those that are Tenant’s obligation under §5.2(a). The costs of compliance under this §5.2(b) will be included in Expenses to the extent allowed under §4.2. 

5.3 Occupancy. Tenant shall not interfere with Building services. Tenant shall not make or continue any nuisance, including any
objectionable odor, noise, fire hazard, vibration, or wireless or electromagnetic transmission. Tenant will not maintain any Leasehold Improvements or use the Premises or the Outside Areas in a way that increases the cost of insurance required under
§9.2, or requires insurance in addition to the coverage required under §9.2 or under the Condominium Declaration. 

  
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 5.4 Use of Outside Areas. The Outside Areas are not a part of the Premises. However,
during the Term, and subject to the provisions of this Lease, Tenant shall have the exclusive right to use all portions of the Outside Areas subject to easements and restrictions of record, including as set forth in the Condominium Declaration.
Tenant shall be entitled to place chairs and tables in the Patio/Courtyard Area which are of first class quality subject to Landlord’s advance approval thereof which shall not unreasonably be withheld or delayed. Subject to the restrictions
hereinafter set forth, Tenant and its employees shall be entitled to use the Patio/Courtyard Area solely for purposes of eating food from the cafeteria or other food service provider situated in the Building and immediately adjacent to the
Patio/Courtyard Area and for social gatherings. Tenant agrees not to create or generate in or from the Patio/Courtyard Area unreasonably loud noises at any time taking into consideration the hotel use of Unit 2 of the Condominium, or any significant
noise whatsoever prior to 10:00 A.M. or after 8:00 P.M. Monday through Sunday. Tenant shall keep the Patio/Courtyard Area in a clean and trash free sanitary condition, with all garbage removed therefrom and all chairs and tables therein kept in good
and safe condition and repair. 
 5.5 Use of Condominium Common Areas. Tenant shall have the non-exclusive right to use the
Condominium Common Areas in common with the owner of Unit 2 and its tenants, subtenants, guests and other occupants of improvements from time to time existing on or being part of Unit 2 and their respective employees, agents, and other invitees and,
further, subject to the Condominium Declaration. 
 5.6 Parking. During the Term, and notwithstanding that such are not part of the
Premises, Tenant shall have the exclusive right to use all surface level parking areas within the Outside Areas and the Parking Garage subject, however, to EXHIBIT D hereto. 

5.7 Prohibited Persons and Transactions. Tenant represents and warrants to Landlord that (a) Tenant is currently in compliance with
and shall at all times during the Term (including any extension thereof) remain in compliance with the regulations of the Office of Foreign Asset Control (the “OFAC”) of the Department of the Treasury (including those named on the
OFAC’s Specially Designated and Blocked Persons List) and any statute, executive order (including the September 24, 2001, Executive Order No. 13224 Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to
Commit or Support Terrorism (the “Executive Order”)), or other governmental action relating thereto; and (b) Tenant is not, and will not be, a person with whom Landlord is restricted from doing business under the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA Patriot Act), H.R. 3152, Public Law 107-56 and the Executive Order and regulations promulgated thereunder and including persons and
entities named on the OFAC Specially Designated Nations and Blocked Persons List. 

  
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	6.	SERVICES & UTILITIES 

 6.1 Landlord’s Standard Services. 

 

	 	(a)	Standard Services Defined. “Standard Services” means: 

  

	 	(1)	Heating, ventilation and air-conditioning (“HVAC”) from 8:00 am to 8:00 pm, Monday through Friday, excluding holidays recognized by financial institutions in California (“Business Hours”) as
reasonably required to comfortably use and occupy the Premises; 

  

	 	(2)	Maintenance and repair/replacement of the Base Building; 

  

	 	(3)	Subject to Building rules and regulations, Landlord’s security procedures (if any), events of emergency, fire or other casualties and other events beyond Landlord’s control, access to the Premises (by at least
1 passenger elevator if not on the ground floor) 24 hours per day, 7 days per week, 52 weeks per year. Subject to the foregoing, Tenant’s access to the Premises may be more limited during other than Business Hours due to more restrictive
security procedures; 

  

	 	(4)	Building standard bulbs are provided to Tenant (specialty bulbs will be billed to Tenant as set forth in §6.2 below); 

  

	 	(5)	Labor to replace fluorescent tubes and ballasts in Building Standard light fixtures in the Premises; 

  

	 	(6)	Exterior window washing;; 

  

	 	(7)	Exterior pest control; 

  

	 	(8)	Landscaping (including irrigation) in the Outside Areas; and 

  

	 	(9)	Maintenance and repair of the Parking Garage and surface parking areas. 

  

	 	(b)	Standard Services Provided. During the Term, and subject to Tenant’s rights under §6.1(c) below, Landlord shall provide, or cause to be provided, the Standard Services to Tenant and the Project to be
professionally managed, repaired and maintained (to the extent of Landlord’s maintenance and repair obligations hereunder), all consistent with management practices for similar first class office buildings in the Silicon Valley submarket. The
cost of providing the Standard Services shall be included in Expenses. Landlord is not responsible for any inability to provide Standard Services due to the concentration of personnel or equipment in the Premises, Tenant’s use of equipment in
the Premises that is not customary office equipment, has special cooling requirements, or generates heat or any discontinuance of or interruption of utilities to the Premises or the Outside Areas. 

  
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 6.2 Additional Services. “Additional Services” means utilities or services in
excess of the Standard Services set forth in §6.1. Tenant shall not use any Additional Services without Landlord’s prior written consent. If Landlord so consents, any such Additional Services shall be subject to the terms and conditions of
this §6.2. Tenant agrees to pay for any Additional Services upon receipt of an invoice or statement from Landlord. If Tenant fails to timely pay for any Additional Services, in addition to Landlord’s other remedies under the Lease
including application of the Late Charge set forth in §4.5, Landlord may discontinue the Additional Services. 
  

	 	(a)	Lighting. Landlord will furnish non-Building Standard lamps, bulbs, ballasts and starters that are part of the Leasehold Improvements for purchase by Tenant at Landlord’s cost, plus Landlord’s Standard
Administration Fee. Landlord will install non-Building Standard lighting items at Landlord’s scheduled rate for this service. 

  

	 	(b)	Other Services. Tenant will pay as Rent the actual cost of services (other than lighting services addressed in §6.2(a)) either used by Tenant or provided at Tenant’s request in excess of that provided
as part of the Standard Services, plus Landlord’s Standard Administration Fee. 

  

	 	(c)	Scheduled Rates. Landlord reserves the right, in its sole and absolute discretion and with or without notice, to periodically reasonably increase or otherwise reasonably adjust the rates charged for Additional
Services. 

 6.3 Utilities. Landlord’s Standard Services do not include the provision of utilities. Tenant shall
separately contract directly with the subject utility provider for, and pay such provider directly, for water, gas, electricity, telephone, internet, cable and all other utilities supplied or furnished to the Building, Outside Areas, Patio/Courtyard
Area and the Parking Garage from and after the Delivery Date, together with any taxes thereon. In no event shall Landlord be liable to Tenant for failure or interruption of any such utilities, unless caused by the willful misconduct of Landlord, and
no such failure or interruption shall entitle Tenant to terminate this Lease or to withhold Rent or other sums due hereunder. Notwithstanding the foregoing, if the Premises, or a material portion of the Premises, are made untenantable for a period
in excess of ten (10) consecutive business days solely as a result of an interruption, diminishment or termination of services due to Landlord’s negligence or willful misconduct of Landlord, or if such interruption, diminishment or
termination of services is otherwise reasonably within the control of Landlord to correct (a “Service Failure”), then Tenant, as its sole remedy, shall be entitled to receive an abatement of the Base Rent and Tenant’s Share of
Expenses payable hereunder during the period beginning on the 11th consecutive business day of the Service Failure and ending on the day the interrupted service has been restored. If the entire
Premises have not been rendered untenantable by the Service Failure, the amount of abatement shall be equitably prorated. 

  
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 6.4 Sanitation and Janitorial. Landlord’s Standard Services do not include janitorial
services and interior extermination/pest control to the Premises. Tenant, at its sole cost and expense, shall be solely responsible for all cleaning and sanitation of and janitorial services to the Premises and the Patio/Courtyard Area and interior
extermination/pest control, all at Tenant’s sole cost and expense and through a reputable third party janitorial and pest control company approved by Landlord and to standards consistent with those provided to similar first class office
buildings in the Silicon Valley submarket. 
 6.5 Security. Landlord’s Standard Services do not include security services. Tenant
may, at its sole cost and expense, install security and access systems to limit and/or monitor access to the Premises provided that such systems comply with all Laws, Landlord has first approved of such system and the manner of installation, such
approval to not be unreasonably withheld, and further provided that Landlord is provided with access codes, card keys, fobs or other applicable access device so that Landlord can exercise its entry rights. Landlord shall have no obligation to modify
the Building’s security/access or lifesaving systems to accommodate Tenant’s desired security/access system. Notwithstanding the above, Landlord will in no event have any responsibility for monitoring access to, or the security of, the
Premises and shall have no liability to Tenant or its employees or any other person for claims due to theft or burglary or otherwise arising from any entry by any unauthorized persons into the Premises. Any security/access system installed by Tenant
shall become the property of Landlord upon expiration or earlier termination of the Lease. 
 6.6 Telecommunications Services. Tenant
will contract directly with third party providers and will be solely responsible for paying for all telephone, data transmission, video and other telecommunication services (“Telecommunication Services”) subject to the following: 

 

	 	(a)	Providers. Each Telecommunications Services provider that does not already provide service to the Building shall be subject to Landlord’s reasonable approval. Without liability to Tenant, the license of any
Telecommunications Services provider servicing the Building may be terminated by Landlord under the terms of the license, or not renewed upon the expiration of the license. 

 

	 	(b)	Tenant’s Wiring. Landlord may, in its reasonable discretion, designate the location of all wires, cables, fibers, equipment, and connections (“Tenant’s Wiring”) for Tenant’s
Telecommunications Services, and reasonably restrict and control access to telephone cabinets and rooms. Tenant may not use or access the Base Building, Outside Areas or roof for Tenant’s Wiring without Landlord’s prior written consent,
which shall not be unreasonably withheld, conditioned or delayed or for which Landlord may charge a fee determined by Landlord. 

  

	 	(c)	Tenant Sole Beneficiary. This §6.6 is solely for Tenant’s benefit (and any Permitted Transferee), and no one else shall be considered a third party beneficiary of these provisions. 

  
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	 	(d)	Removal of Equipment. Any and all telecommunications equipment and other facilities for telecommunications transmission (including, without limitation, Tenant’s Wiring) installed in the Premises or elsewhere
in the Project by or on behalf of Tenant shall be removed prior to the expiration or earlier termination of the Term by Tenant at its sole cost or, at Landlord’s election, by Landlord at Tenant’s sole cost, with the actual and reasonable
cost thereof to be paid as Additional Rent. Landlord shall have the right, however, upon written notice to Tenant given no later than thirty (30) days prior to the expiration or earlier termination of the Term, to require Tenant to abandon and
leave in place, without additional payment to Tenant or credit against Rent, any or all of Tenant’s Wiring and, provided same are in place as of the Execution Date, related infrastructure, or select components thereof, whether located in the
Premises or elsewhere in the Project. 

 6.7 Generator Operation. Tenant shall be permitted to maintain and place and
use/operate the existing Generator (“Generator”) located in the Parking Garage and all related equipment including, without limitation, the above-ground fuel storage tank and the underground fuel storage tank serving the Generator (such
Generator, fuel tanks and any other related equipment, including connections to the Premises, the “Generator Equipment”) provided that: (a) the Generator Equipment may not be relocated without Landlord’s consent, (b) Tenant
shall be solely responsible for the cost of operation and maintenance of the Generator Equipment and the obtaining and maintaining of any necessary permits and licenses therefor, (c) all maintenance and repair, and if necessary, relocation or
replacement removal work, shall be performed in a good and workmanlike manner, in compliance with all applicable Laws, and otherwise in compliance with this Lease as it applies to Alterations, (d) Tenant shall maintain and repair the Generator
Equipment in good condition and repair at Tenant’s sole expense and in compliance with all Laws, and (e) upon expiration of this Lease, the Generator Equipment shall be surrendered in place and in same condition and repair received
(reasonable wear and tear excepted) and in compliance with all Laws. 
 6.8 Food Service/Fitness Center. Subject to the other terms
and conditions of this Lease, Tenant shall be permitted to operate within the Premises a cafeteria and fitness center at its sole cost and expense. Landlord will have no obligations with respect thereto. 

6.9 Recycling. Tenant covenants and agrees, at its sole cost and expense, to comply with all present and future Laws, orders, and
regulations of the jurisdiction in which the Building is located and of the federal, municipal, and local governments, departments, commissions, agencies and boards having jurisdiction over the Building to the extent that they or this Lease impose
on Tenant duties and responsibilities regarding the collection, sorting, separation, and recycling of trash. Tenant shall pay all costs, expenses, fines, penalties, or damages that may be imposed on Landlord or Tenant by reason of Tenant’s
failure to comply with the provisions of this §6.9, and, at Tenant’s sole cost and expense, shall indemnify, defend and hold Landlord harmless (including legal fees and expenses) from and against any actions, claims, and suits arising from
such noncompliance, using counsel reasonably satisfactory to Landlord. 

  
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	7.	REPAIRS 

 7.1 Tenant’s Repairs. Except as provided in Articles 10 and 12 hereof,
during the Term Tenant shall, at Tenant’s cost, repair and maintain (and replace, as necessary) the Leasehold Improvements and keep the Premises in good order and condition. Tenant shall be responsible for the costs to repair (and replace, as
necessary) any portion of the Project damaged by Tenant or Tenant’s agents, contractors, or invitees. Tenant’s work under this §7.1 (a) is subject to the prior approval and supervision of Landlord, including, without limitation,
Landlord’s approval of all contractors and subcontractors performing the work (which approval shall not be unreasonably withheld, conditioned or delayed) (b) must be performed in compliance with Laws and Building rules and regulations, and
(c) must be performed in a first-class, lien free and workmanlike manner, using materials not less than Building Standard. 
 7.2
Landlord’s Repairs. Except as provided in Articles 10 and 12 hereof, during the Term Landlord shall, at Landlord’s cost (but included as Expenses to the extent provided in §4.2) repair and maintain (and replace, as necessary) all
parts of the Project that are not Tenant’s responsibility to repair and maintain under §7.1 (or any other tenant’s responsibility under their respective lease) and keep the Project in good order and condition according to the
standards prevailing for comparable office buildings in the area in which the Building is located. Tenant may not repair or maintain the Project on Landlord’s behalf or offset any Rent for any repair or maintenance of the Project that is
undertaken by Tenant. If Tenant believes that Landlord has failed to perform any maintenance or repair for which Landlord is obligated under §7.2, Tenant will promptly provide written notice to Landlord specifying in detail the nature and
extent of any condition requiring maintenance or repair. Landlord will not be deemed to have failed to perform its obligations under §7.2 with respect to any maintenance or repair unless Tenant has provided such written notice and Landlord has
had a commercially reasonable time within which to respond to such notice and effect the needed maintenance or repair. Tenant waives the right to terminate this Lease, vacate the Premises, and make repairs at Landlord’s expense (pursuant to
California Civil Code Section 1932, Subsection 1, California Civil Code Sections 1941 and Section 1942, or any similar or successor Laws). 

7.3 Tenant’s Limited Right to Perform Certain Repairs at Landlord’s Cost. If Landlord fails to perform a material repair
obligation of Landlord under this Lease or fails to provide any Standard Service, which failure materially and adversely affects Tenant’s customary business activities at the Project, within fifteen (15) days after written notice from
Tenant to Landlord of the need for such repair or service (or such longer, reasonable period of time if more than fifteen (15) days is reasonably required to perform such obligation and Landlord commences performance within the first ten
(10) day period and thereafter diligently pursues completion thereof), and provided that any such written notice shall recite in full the provisions of this sentence, then Tenant shall have the right, but not the obligation, to perform the
repair or service at Landlord’s expense, subject to the provisions below. If Tenant elects to perform any such repair or service, Tenant shall use only qualified contractors which regularly perform similar work in comparable office buildings.
Notwithstanding the foregoing, in no event may Tenant exercise the above rights if (i) at the time, a 

  
 24 

 
Tenant Default has occurred and is continuing, (ii) Landlord’s failure to perform the repair or service was caused by a fire, casualty or condemnation (in which case the provisions of
Section 10 or Section 12 will control, as applicable), or (iii) Landlord’s failure to perform the repair or service was caused by a public utilities’ failure to provide electricity, gas, water of other utility service to the
Premises or Project. Landlord shall reimburse Tenant for Tenant’s actual and reasonable costs thereof within thirty (30) days after receipt of a statement of costs, together with such backup documentation as is reasonably requested by
Landlord and lien waivers from all contractors and subcontractors supplying services or materials for such repairs or services. 
  

	8.	ALTERATIONS 

 8.1 Alterations by Tenant. “Alterations” means any modifications,
additions or improvements to the Premises or Leasehold Improvements made by Tenant during the Term, including modifications to the Base Building or Outside Areas required by Laws as a condition of performing the work. Alterations do not include
tenant improvements made under any Work Letter attached to this Lease. Alterations are made at Tenant’s sole cost and expense, subject to the following: 
  

	 	(a)	Consent Required. All Alterations require Landlord’s prior written consent. If a Design Problem (as such term is defined below) exists, Landlord may withhold its consent in Landlord’s sole and absolute
discretion; otherwise, Landlord will not unreasonably withhold its consent. In either case, Landlord may condition its consent to any item of Alterations on the requirement that Tenant remove this item of Alterations upon termination of this Lease.
“Design Problem” means a condition that results, or will result, from Alterations that are proposed, being performed or have been completed that either: 

 

	 	(1)	Does not comply with Laws; 

  

	 	(2)	Does not meet or exceed the Building Standard; 

  

	 	(3)	In Landlord’s reasonable judgment, exceeds the capacity, adversely affects, is incompatible with, or impairs Landlord’s ability to, or increases the cost to Landlord to, maintain, operate, alter, modify or
improve the Base Building; 

  

	 	(4)	Affects the exterior appearance of the Building or Outside Areas; 

  

	 	(5)	Violates any agreement affecting the Project; 

  

	 	(6)	Costs materially more to demolish than Building Standard improvements; 

  

	 	(7)	Violates any insurance regulations or standards for a fire-resistive office building; or 

  
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	 	(8)	Locates any equipment, Tenant’s Wiring or Tenant’s Personal Property on the roof of the Building, in Outside Areas or in telecommunications or electrical closets. 

 

	 	(b)	No Consent Required. Notwithstanding the foregoing, Tenant may make Alterations without obtaining Landlord’s prior written consent and without payment of an Alterations Fee, provided that Tenant gives
Landlord reasonable prior written notice of same and further provided that such Alterations (1) are purely cosmetic in nature (including painting, carpeting and the installation of floor covering or wall covering), (2) will not constitute
or give rise to a Design Problem, (3) cost less than One Hundred Thousand Dollars ($100,000) in any one instance, and (4) do not require a governmental permit of any kind. 

 

	 	(c)	Performance of Alterations. Alterations shall be performed by Tenant in a good and workman-like manner according to plans and specifications approved by Landlord. Approval by Landlord of any such plans and
specifications shall not be a representation or warranty of Landlord that such plans and specifications are adequate for any use, purpose, or condition, or that such plans and specifications comply with any applicable law or code. All Alterations
shall comply with law and insurance requirements, including, without limitation, the Americans with Disabilities Act and any other applicable state, federal and local Laws addressing accessibility standards and any regulations issued thereunder
(collectively, and as such may be amended, the “Disabilities Laws”). Landlord’s designated contractors must perform Alterations affecting the Base Building or Mechanical Systems; and, all other work will be performed by qualified
contractors that meet Landlord’s insurance requirements and are otherwise approved by Landlord (which approval shall not be unreasonably withheld, conditioned or delayed). Promptly after completing any Alterations, Tenant will deliver to
Landlord “as-built” CADD plans, proof of payment, a copy of the recorded notice of completion, and all unconditional lien releases. 

  

	 	(d)	Bonding. If requested by Landlord, before commencing Alterations in excess of $250,000 for any single project, Tenant shall, at Tenant’s cost, obtain bonds, or deposit with Landlord other security acceptable
to Landlord for the payment and completion of the Alterations. These bonds or other security shall be in form and amount reasonably acceptable to Landlord. 

  

	 	(e)	Alterations Fee. Except with respect to the Tenant improvement work performed in accordance with EXHIBIT F, below, Tenant shall pay Landlord as Rent three percent (3 %) of the total construction
costs of the Alterations to cover review of Tenant’s plans and construction coordination by its own employees. In addition, Tenant shall reimburse Landlord for the actual cost that Landlord reasonably incurs to have engineers, architects or
other professional consultants review Tenant’s plans and work in progress, or inspect the completed Alterations. 

  
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	 	(f)	Tenant Improvements. The construction of the Tenant Improvements (as defined in the Work Letter attached as EXHIBIT F) shall be governed solely by such Work Letter and not this Article 8. However, the
Tenant Improvements shall be Alterations, and thus Leasehold Improvements, for all other purposes under the Lease. 

  

	 	(g)	Condominium Declaration. All Alterations and the Tenant Improvements are subject to compliance with the Condominium Declaration. 

8.2 Alterations by Landlord. Landlord may make any modifications, additions, renovations or improvements to the Project that Landlord
deems appropriate, provided Landlord uses commercially reasonable efforts to avoid disrupting Tenant’s business. 
 8.3 Liens and
Disputes. Tenant will keep title to the Land and Building free of any liens concerning the Leasehold Improvements, Alterations, or Tenant’s Personal Property, and will take whatever action is required to have any of such liens released and
removed of record within thirty (30) days after the filing thereof (including, as necessary, posting a bond or other deposit). To the extent legally permitted, each contract and subcontract for Alterations will provide that no lien attaches to
or may be claimed against the Project other than Tenant’s leasehold interest in the Premises. 
  

	9.	INSURANCE 

 9.1 Tenant’s Insurance. 

 

	 	(a)	Tenant’s Coverage. Before taking possession of the Premises for any purpose (including construction of tenant improvements, if any) and during the Term, Tenant will provide and keep in force the following
coverage: 

  

	 	(1)	Commercial general liability insurance insuring Tenant’s use and occupancy of the Premises and use of the Project, and covering personal and bodily injury, death, and damage to others’ property of not less
than Three Million Dollars ($3,000,000) per occurrence and Five Million Dollars ($5,000,000) general aggregate. Each of these policies shall include cross liability and severability of interests clauses, and be written on an occurrence, and not
claims-made, basis. Each of these policies shall name Landlord, the Building property manager, each secured lender, the owner of Unit 2 and any mortgagee thereof, and any other party reasonably designated by Landlord as an additional insured
(“Additional Insured”). Tenant shall comply with any and all reasonable requirements of any mortgagee or insurer of Unit 2 of the Condominium regarding Tenant’s use of the Patio/Courtyard Area, including without limitation insurance
naming the owner of Unit 2 and such lender as additional insureds with respect to use of the Patio/Courtyard Area. 

  
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	 	(2)	Causes of loss – special form commercial property insurance (including standard extended coverage endorsement perils and leakage from fire protective devices and other water damage) covering the full replacement
cost of the Leasehold Improvements and Tenant’s Personal Property. Each of these policies shall name Landlord and each Additional Insured as loss payee to the extent of their interest in the Leasehold Improvements. Each of these policies shall
include a provision or endorsement in which the insurer waives its right of subrogation against Landlord, Landlord’s Affiliates, and each Additional Insured. 

 

	 	(3)	Business interruption insurance including leasehold interest coverage for Tenant’s loss of income or insurable gross profits and covering continuation of rents during any time the Premises is untenantable, with a
limit not less than Tenant’s annual Rent. Such coverage may be included in insurance covering the perils described in §9.1(a)(2). Each of these policies shall include a provision or endorsement in which the insurer waives its right of
subrogation against Landlord, Landlord’s Affiliates, and each Additional Insured. 

  

	 	(4)	If applicable, Tenant shall maintain boiler and machinery or equipment breakdown insurance covering property damage to the Premises and to the major components of any central heating, air conditioning or ventilation
systems, and such other equipment as Landlord may require. The policy shall include coverage for business interruption due to mechanical equipment malfunctions, including expediting and extra expense, in an amount usual and customary for similar
risks, or as determined by Landlord. Unless the insurance required in §9.1(a)(2), (3) and (8) is provided on a single policy, a Joint Loss Agreement between separate policies must be provided on each policy. 

 

	 	(5)	Insurance required by law, including workers’ compensation insurance. 

  

	 	(6)	Employers liability insurance with limits not less than One Million Dollars ($1,000,000). 

  

	 	(7)	Commercial automobile liability insurance covering all owned (if applicable), hired, and non-owned vehicles with a combined single limit of not less than One Million Dollars ($1,000,000) for each accident or person.

  

	 	(8)	Insurance covering the Leasehold Improvements and Tenant’s Personal Property against loss or damage due to earthquake, flood and difference in conditions. Tenant may elect to self-insure this coverage. If Tenant
does not elect to self-insure this coverage, then each of these policies shall name Landlord and each Additional Insured as loss payee to the extent of their interest in the Leasehold Improvements. 

  
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	 	(b)	Insurers and Terms. Each policy required under §9.1(a) shall be written with insurance companies licensed to do business in the state in which the Building is located, with A.M. Best’s rating of A VIII
or better, and be on terms that are acceptable to Landlord. 

  

	 	(c)	Proof of Insurance. Tenant shall provide Landlord with certificates of insurance or other reasonable proof that the coverage required under §9.1(a) is in effect. Tenant will provide reasonable proof within
thirty (30) days of any expiring policy. 

  

	 	(d)	Tenant Party Insurance. Tenant shall (i) carry and maintain on behalf of any Tenant Party (as defined in §13.7) occupying the Premises under a Tenant Party Use, or (ii) cause any Tenant Party
occupying the Premises under a Tenant Party Use to carry and maintain, policies of insurance described in §§9.1(a)(1) and 9.1(a)(5), above, which insurance shall be subject to the provisions of this §9.1. 

9.2 Landlord’s Insurance. 

(a) Landlord’s Coverage. During the Term, Landlord will keep in force the following coverage: 

 

	 	(1)	Commercial general liability insurance. 

  

	 	(2)	Causes of loss – special form commercial property insurance (including standard extended coverage endorsement perils, leakage from fire protective devices and other water damage) covering the full replacement cost
of the Project improvements (excepting the Leasehold Improvements to be insured by Tenant). Each of these policies shall include a provision or endorsement in which the insurer waives its right of subrogation against Tenant. 

 

	 	(3)	Boiler and machinery or equipment breakdown insurance. 

  

	 	(4)	Earthquake insurance, to any extent Landlord elects in its sole discretion to maintain same. 

  

	 	(5)	Other insurance that Landlord is required to maintain under the Condominium Declaration, or elects to maintain to the extent same is generally consistent with insurance maintained by other landlords of similar
properties in the Silicon Valley submarket. 

  

	 	(b)	Terms. Each of the policies required under §9.2(a) will have those limits, deductibles, retentions and other terms that Landlord prudently determines. 

  
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	10.	DAMAGE OR DESTRUCTION 

 10.1 Damage and Repair. If the Leasehold Improvements, Premises
or Building is damaged by fire or other casualty, not including (a) any waste or excessive or unreasonable wear and tear, or (b) any loss, destruction or damage arising or resulting from the placement, disposal or release of Hazardous
Materials in, on, under, about or from the Building by either Landlord or Tenant, then the parties will proceed as follows: 
  

	 	(a)	Landlord’s Estimates. As soon as reasonably practicable under the circumstances including the scope of the casualty, Landlord will assess any damage to the Premises and Building (but not the Leasehold
Improvements) and notify Tenant of Landlord’s reasonable estimate of the time required to substantially complete repairs and restoration of the Premises and Building (“Repair Estimate”). Landlord will also reasonably estimate the time
that the Premises will be untenantable (“Interruption Estimate”). Within thirty (30) days after the later of the issuance of the Repair Estimate, issuance of the Interruption Estimate, or receipt of any denial of coverage or
reservation of rights from Landlord’s insurer, each party may terminate the Lease by written notice to the other on the following conditions: 

  

	 	(1)	Landlord may elect to terminate this Lease if either: 

  

	 	(A)	The damage occurs during the last year of the Term, or 

  

	 	(B)	The Repair Estimate exceeds one hundred eighty (180) days, or 

  

	 	(C)	The repair and restoration is not fully covered by insurance maintained or required to be maintained by Landlord (subject only to those deductibles or retentions Landlord elected to maintain) or Landlord’s insurer
denies coverage or reserves its rights on coverage or any mortgagee of the Building requires that insurance proceeds be applied to the indebtedness secured by its mortgage, provided Tenant may, in its sole and absolute discretion, elect to fund
repair of any damage which is not otherwise covered as described in this Section 10.1(a)(1)(C). 

  

	 	(2)	Tenant may elect to terminate this Lease if the Interruption Estimate exceeds one hundred eighty (180) days, or if the damage occurs during the last year of the Term (or any extended Term which Tenant may have
elected) and renders the Premises or a material part thereof untenantable. 

  

	 	(b)	Repair and Restoration. If neither party terminates the Lease under §10.1(a), then the Lease shall remain in full force and effect and the parties will proceed as follows: 

  
 30 

	 	(1)	Landlord will repair and restore the Premises and/or the Building, as applicable (but not the Leasehold Improvements) to substantially the same condition existing prior to such damage, except for modifications required
by law. Landlord will perform such work reasonably promptly, subject to delay for loss adjustment, Tenant Delay and Force Majeure. 

  

	 	(2)	Tenant will repair and restore the Leasehold Improvements reasonably promptly to the condition existing prior to such damage, but not less than then current Building Standard, except for modifications required by law.

  

	 	(3)	Tenant may not terminate this Lease if the actual time to perform the repairs and restoration exceeds the Repair Estimate, or the actual interruption exceeds the Interruption Estimate. 

10.2 Rent Abatement. If as a result of the damage or destruction, the Premises are rendered untenantable for more than five
(5) consecutive days, then from the first day of such untenantability, Tenant’s Base Rent and Additional Rent shall be abated to the extent that the Premises are untenantable. Such abatement shall terminate upon Tenant’s occupancy of
the restored Premises, but in any event not later than the fifteenth (15th) day after completion of Landlord’s required repairs and restoration of the Premises and that portion of the
Building necessary for Tenant’s occupancy of the Premises. Tenant’s sole remedy will be the abatement of Base Rent and Additional Rent provided under this §10.2, and Landlord will not be liable to Tenant for any other amount or
remedy, including damages to Tenant’s Personal Property, consequential damages, actual or constructive eviction, termination of this Lease, or abatement of any other item of Rent. 

10.3 Exclusive Casualty Remedy. The provisions of this Article 10 are Tenant’s sole and exclusive rights and remedies in the event
of a damage or casualty described in §10.1. To the fullest extent allowable under the law, Tenant waives the benefits of any Laws (including, without limitation, California Civil Code Sections 1932, Subsection 2 and 1933, Subsection 4, and any
successor statutes or Laws) that provide Tenant any abatement or termination rights (by virtue of a casualty) not specifically described in §10.1 or §10.2. 
  

	11.	INDEMNITY 

 11.1 Claims. “Claims” means any and all liabilities, losses,
claims, demands, damages or expenses that are suffered or incurred by a party, including attorneys’ fees reasonably incurred by that party in the defense or enforcement of the rights of that party. 

11.2 Tenant’s Indemnity. 
  

	 	(a)	 Landlord’s Waivers. LANDLORD WAIVES ANY CLAIMS AGAINST TENANT AND ITS AFFILIATES FOR PERILS INSURED OR REQUIRED TO BE INSURED BY
LANDLORD UNDER SUBSECTIONS (2) AND (3) OF §9.2(a), WHICH WAIVER WILL APPLY EVEN IF A CLAIM IS CAUSED IN 

  
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WHOLE OR IN PART BY THE SOLE NEGLIGENCE, ORDINARY NEGLIGENCE OR STRICT LIABILITY OF TENANT OR ITS AFFILIATES (IT BEING THE EXPRESS INTENT OF LANDLORD AND TENANT TO SHIFT THE RISK OF LIABILITY
FOR SUCH CLAIMS TO THE INSURER), EXCEPT TO THE EXTENT CAUSED BY THE WILLFUL INJURY TO PERSONS OR PROPERTY CAUSED BY TENANT OR ITS AFFILIATES. 

  

	 	(b)	Claims Against Landlord. Unless waived by Landlord under §11.2(a) above, Tenant will indemnify and defend (with counsel reasonably approved by Landlord) Landlord and its Affiliates and hold each of them
harmless from and against Claims arising from: 

  

	 	(1)	Any accident or occurrence on or about the Premises, except to the extent caused by the negligence or willful misconduct of Landlord or its Affiliates; 

 

	 	(2)	Tenant’s or any of its Affiliates’ negligence or willful misconduct or that of their agents, contractors, employees or invitees; 

 

	 	(3)	Tenant’s failure to comply with this Lease; or 

  

	 	(4)	Any claim for commission or other compensation by any person other than Landlord’s Broker and Tenant’s Broker, if any, for services rendered to Tenant in procuring this Lease. 

11.3 Landlord’s Indemnity. 
  

	 	(a)	Tenant’s Waivers. TENANT WAIVES ANY CLAIMS AGAINST LANDLORD AND ITS AFFILIATES FOR: 

  

	 	(1)	PERIL INSURED OR REQUIRED TO BE INSURED BY TENANT UNDER SUBSECTIONS (2), (3) AND (8) OF §9.1(a), WHICH WAIVER WILL APPLY EVEN IF A CLAIM IS CAUSED IN WHOLE OR IN PART BY THE SOLE NEGLIGENCE, ORDINARY
NEGLIGENCE OR STRICT LIABILITY OF LANDLORD OR ITS AFFILIATES (IT BEING THE EXPRESS INTENT OF LANDLORD AND TENANT TO SHIFT THE RISK OF LIABILITY FOR SUCH CLAIMS TO THE INSURER), EXCEPT TO THE EXTENT CAUSED BY THE WILLFUL INJURY TO PERSONS OR PROPERTY
CAUSED BY LANDLORD OR ITS AFFILIATES, AND 

  

	 	(2)	DAMAGE CAUSED BY ANY PUBLIC UTILITY, PUBLIC WORK, OTHER TENANTS OR OCCUPANTS OF THE PROJECT, OR PERSONS OTHER THAN LANDLORD OR ITS AGENTS, EMPLOYEES OR CONTRACTORS. 

  
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	 	(b)	Claims against Tenant. Unless waived by Tenant under §11.3(a) above, Landlord will indemnify and defend Tenant (with counsel reasonably approved by Tenant) and its Affiliates and hold each of them harmless
from and against Claims arising from: 

  

	 	(1)	Landlord’s or any of its Affiliates’ negligence or willful misconduct; 

  

	 	(2)	Landlord’s default of this Lease; or 

  

	 	(3)	Any claim for commission or other compensation by any person other than Tenant’s Broker, if any, for services rendered to Landlord in procuring this Lease. 

11.4 Affiliates Defined. “Affiliates” means with respect to a party (a) that party’s partners, members, shareholders
and joint venturers, (b) each corporation or other entity that is a parent or subsidiary of that party, (c) each corporation or other entity that is controlled by or under common control of a parent of such party, and (d) the
directors, officers, managers, employees and agents of that party and each person or entity described in this §11.4(a) through (c). 

11.5 Survival of Waivers and Indemnities. Landlord’s and Tenant’s waivers and indemnities under §§11.2 and 11.3 will
survive the expiration or early termination of this Lease. 
  

	12.	CONDEMNATION 

 12.1 Taking. “Taking” means the acquiring of all or part of the
Project for any public or quasi-public use by exercise of a right of eminent domain or under any other law, or any sale in lieu thereof. If a Taking occurs: 
  

	 	(a)	The Lease will terminate as of the date of a Taking if substantially all of the Premises becomes untenantable for substantially all of the remaining Term because of the Taking. 

 

	 	(b)	If the Lease is not terminated under §12.1(a), Landlord shall restore or alter the Premises after the Taking to be tenantable, unless Landlord reasonably determines that it will be uneconomical to do so, in which
case Landlord may terminate the Lease upon sixty (60) days prior written notice to Tenant. 

  

	 	(c)	If the Lease is not terminated under §12.1(a), more than twenty percent (20%) of the Premises is untenantable because of the Taking, Tenant cannot operate Tenant’s business for the Use in the Premises
after such Taking, and Landlord is unable to provide Tenant with comparable premises in the Project, then Tenant may terminate the Lease upon sixty (60) days prior written notice to Landlord. 

  
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	 	(d)	If the Lease is not terminated under §12.1(a), (b) or (c), the Rent payable by Tenant will be reduced for the term of the Taking based upon the rentable area of the Premises made untenantable by the Taking.

 12.2 Awards. Landlord is entitled to the entire award for any claim for a Taking of any interest in this Lease or the
Project, without deduction or offset for Tenant’s estate or interest; however, Tenant may make a claim for relocation expenses and damages to Tenant’s Personal Property and business to the extent that Tenant’s claim does not reduce
Landlord’s award. 
 12.3 Exclusive Taking Remedy. The provisions of this Article 12 are Tenant’s sole and exclusive rights
and remedies in the event of a Taking. To the fullest extent allowable under the law, Tenant waives the benefits of any law (including, without limitation, California Code of Civil Procedure Section 1265.130 and any successor statutes or Laws)
that provide Tenant any abatement or termination rights or any right to receive any payment or award (by virtue of a Taking) not specifically described in this Article 12. 
  

	13.	TENANT TRANSFERS 

 13.1 Terms Defined. 

 

	 	(a)	Transfer Defined. “Transfer” means any: 

  

	 	(1)	Sublease of all or part of the Premises, or assignment, mortgage, hypothecation or other conveyance of an interest in this Lease; 

  

	 	(2)	Use of the Premises or the Outside Areas by anyone other than Tenant and its employees and business invitees with Tenant’s consent; 

 

	 	(3)	Change in Tenant’s form of organization, but only if such change materially and adversely affects any right Landlord then had to seek recovery from the principals of Tenant immediately prior to the change
(e.g., a change from a partnership to limited liability company); 

  

	 	(4)	Transfer of fifty-one percent (51%) or more of Tenant’s assets, shares (excepting shares transferred in the normal course of public trading), membership interests, partnership interests or other ownership
interests; or 

  

	 	(5)	Transfer of effective control of Tenant. 

 13.2 Prohibited Transfers. Tenant may not
enter into any Transfer if such Transfer will result in any portion of the Rent not constituting “rents from real property” with respect to Landlord, within the meaning of Section 856(d) of the Internal Revenue Code of 1986, as
amended (the “Code”). In particular, Tenant may not enter into a Transfer (a) that provides for rent or other compensation based in whole or in part on the net income or profits from the business operated in the Premises, or
(b) if the proposed transferee is directly or indirectly related to the Landlord under Section 856, et seq. of the Code. Any such Transfers shall be considered null, void and of no force or effect. 

  
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 13.3 Consent Not Required. If Tenant is not in Default of this Lease, Tenant may effect a
Transfer to a Permitted Transferee without Landlord’s prior consent, but with notice to Landlord prior to the Permitted Transferee’s occupancy (subject to any legally binding confidentiality obligations. “Permitted Transferee”
means (i) Tenant following any sale or transfer of the stock of Tenant in connection with any merger, financing, public offering or acquisition and (ii) any person or entity that: 

 

	 	(a)	Either (1) controls, is controlled by, or is under common control with Tenant (for purposes hereof, “control” shall mean ownership of not less than fifty percent (50%) of all of the voting stock or
legal and equitable interest in the entity in question), (2) results from the merger or consolidation of Tenant, or (3) acquires all or substantially all of the stock and/or assets of Tenant as a going concern; 

 

	 	(b)	Has a tangible net worth immediately following the Transfer not less than the greater of (1) Tenant’s tangible net worth immediately before the Transfer, or (2) Tenant’s tangible net worth as of the
execution of this Lease; and 

  

	 	(c)	Will not, by occupying the Premises, cause Landlord to breach any provisions of the Condominium Declaration, the Condominium Plan, or any easements, restrictions, liens, or other instruments filed of record against the
Project as of the Execution Date. 

 13.4 Consent Required. Each proposed Transfer other than those prohibited under
§13.2 or permitted under §13.3 requires Landlord’s prior written consent, in which case the parties will proceed as follows: 
  

	 	(a)	Tenant’s Notice. Tenant shall notify Landlord at least thirty (30) days prior to the proposed Transfer of the name and address of the proposed transferee and the proposed use of the Premises, and
include with the notice copies of the proposed Transfer documents, including, without limitation, the proposed assignment of lease or proposed sublease document, as applicable, and copies of the proposed transferee’s balance sheets and income
statements (both current and for the past two (2) years), as well as such other information as may be reasonably required by Landlord. LANDLORD WILL HAVE NO OBLIGATION TO REVIEW A PROPOSED TRANSFER OR TO CONSENT OR DENY CONSENT TO A PROPOSED
TRANSFER UNTIL ALL ITEMS AND INFORMATION SET FORTH ABOVE IN THIS §13.4(a) HAVE BEEN PROVIDED TO LANDLORD. 

  

	 	(b)	Landlord’s Rights. Within thirty (30) days after receipt of Tenant’s complete notice and all items required under §13.4(a), Landlord may either: 

  
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	 	(1)	If the proposed Transfer is either an assignment of this Lease or sublease of substantially all of the Premises, terminate this Lease as of the proposed Transfer date; or 

 

	 	(2)	Provide written consent, or deny consent, to the proposed Transfer, consent not to be unreasonably withheld, conditioned or delayed if: 

 

	 	(A)	The proposed transferee, in Landlord’s reasonable opinion, has the financial capacity to meet its obligations under the proposed Transfer; 

 

	 	(B)	The proposed use is consistent with the Use and will not cause Landlord to be in breach of any provisions of the Condominium Declaration, the Condominium Plan, or any easements, restrictions, liens, or other instruments
filed of record against the Project as of the Execution Date; 

  

	 	(C)	The proposed transferee is typical of tenants that directly lease premises in first-class office buildings; 

  

	 	(D)	The proposed transferee is not an existing tenant or an Affiliate of an existing tenant, or a party with which Landlord is actively negotiating to lease space in the Building (or has, in the last six (6) months,
been actively negotiating to lease space in the Building); and 

  

	 	(E)	Tenant is not in Default under this Lease. 

  

	 	(c)	Compelling Consent; Limitation of Remedies. 

  

	 	(1)	If Landlord does not consent to a Transfer in violation of this Section 13.4, then as Tenant’s sole and exclusive remedy against Landlord, Tenant may elect to either (i) bring suit against Landlord for
specific performance or declaratory relief, or (ii) bring suit against Landlord for Tenant’s actual, monetary damages as further set forth below in this §13.4(c), AND UNDER NO CIRCUMSTANCES MAY TENANT TERMINATE THIS LEASE OR SEEK
OR BE ENTITLED TO RECOVER ANY DAMAGES OF ANY OTHER KIND, INCLUDING, BUT NOT LIMITED TO, ANY GENERAL, COMPENSATORY, SPECIAL, CONSEQUENTIAL, PUNITIVE, SPECULATIVE, INCIDENTAL OR INDIRECT DAMAGES WHETHER IN CONTRACT, TORT, OR UNDER ANY OTHER LEGAL OR
EQUITABLE PRINCIPAL, ALL OF WHICH TENANT SPECIFICALLY WAIVES. 

  
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	 	(2)	If Tenant elects the remedy of bringing suit against Landlord for actual, monetary damages as set forth in Section 13.4 (c) (1), above, then said remedy shall be subject to Section 15.6 and
Section 15.7 of this Lease, and in addition any liability of Landlord for such monetary damages shall not exceed an amount of money equal to the sum of (a) ONE MILLION DOLLARS ($1,000,000), plus (b) an amount equal to all reasonable
attorneys’ fees, expenses and court costs incurred by Tenant in connection with Tenant’s use of legal counsel to present, enforce or demand Tenant’s remedy of filing suit for actual, monetary damages as set forth above, provided that
Tenant prevails in any such action. 

 13.5 Payments to Landlord. Tenant shall pay Landlord fifty percent (50%) of
Transfer receipts that exceed Tenant’s Rent (on a per square foot basis); after Tenant is reimbursed for Tenant’s reasonable and customary out-of-pocket costs incurred in the Transfer, including attorneys’ fees, abated rent,
Alterations, and broker commissions. Except with regard to any Transfer to a Permitted Transferee as set forth in Section 13.3, Tenant shall pay Landlord a One Thousand Dollar ($1,000) review fee, and Landlord’s reasonable attorneys’
fees, for each proposed Transfer, excepting those in which Landlord exercises its rights under subsection (1) or (2) of §13.4(b). 

13.6 Effect of Transfers. No Transfer will release Tenant or any guarantor of this Lease from any Lease obligation. Landlord’s
acceptance of a payment from any person or entity other than Tenant that occupies the Premises does not waive Tenant’s obligations under this Article 13. If Tenant is in Default of this Lease, Landlord may proceed against Tenant without
exhausting any remedies against any transferee and may require (by written notice to any transferee) any transferee to pay Transfer rent owed Tenant directly to Landlord (which Landlord will apply against Tenant’s Lease obligations).
Termination of this Lease for any reason will not result in a merger. Each sublease will be deemed terminated upon termination of this Lease unless Landlord notifies the subtenant in writing of Landlord’s election to assume any sublease, in
which case the subtenant shall attorn to Landlord under the executory terms of the sublease. Any Transfer or attempted Transfer in violation of the provisions of this Article 13 shall be void and of no force and effect. 

13.7 Occupancy and Use by Tenant Parties. Notwithstanding anything in this Lease to the contrary, but subject to the terms of this
§13.7, Landlord agrees that one or more subsidiaries of Tenant or entities affiliated with Tenant, and the employees and/or agents thereof (“Tenant Parties”) may, contemporaneously with Tenant, occupy and use the Premises only for the
Use and otherwise in accordance with this Lease (and any such occupancy and use by a Tenant Party shall be referred to herein as a “Tenant Party Use”). Landlord agrees that any such Tenant Party Use shall not, in itself, constitute a
Transfer, subject to the following conditions and requirements: The acts and omissions of any Tenant Party with respect to the Premises, the Building, and the Project are hereby and will be deemed to be the acts and omissions of Tenant itself for
the purposes of determining Tenant’s compliance or failure to comply with the terms of this Lease. A Tenant Party Use shall never be deemed to create a landlord/tenant relationship or any other relationship between Landlord and the applicable
Tenant Party, and, in all such instances, Tenant shall be considered the sole tenant under this Lease. Landlord shall never be bound or estopped by, and shall never be deemed to have consented to or ratified, any provisions of any agreements between
Tenant and any Tenant Party. 

  
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Any Tenant Party Use shall be subject and subordinate to all provisions of this Lease. Tenant shall cause the Tenant Party under any Tenant Party Use to comply with all provisions of this Lease
that are obligations of Tenant and that relate to the use or occupancy of the Premises or the use of the Project, and any failure by a Tenant Party to so comply shall be a default by Tenant under this Lease. “Tenant Parties” shall not
include any party to whom Tenant assigns Tenant’s right, title and interest in this Lease or to whom Tenant subleases or licenses all of any portion of the Premises. 
  

	14.	LANDLORD TRANSFERS 

 14.1 Landlord’s Transfer. Landlord’s right to transfer any
interest in the Project or this Lease is not limited by this Lease. Upon any such transfer, Tenant will attorn to Landlord’s transferee and Landlord will be released from liability under this Lease, except for any Lease obligations accruing
before the transfer that are not assumed by the transferee. Such transferee shall be deemed to assume the obligations of “Landlord” under this Lease accruing from and after the effective date of such transfer (including, without
limitation, any remaining obligation to pay any unfunded portion of the Construction Allowance in accordance with the Work Letter). Any funds held by Landlord in which Tenant has an interest shall be turned over or credited, subject to that
interest, to the transferee. 
 14.2 Subordination. This Lease is, and will at all times be, subject and subordinate to each ground
lease, mortgage, deed to secure debt or deed of trust now or later encumbering the Project or any portion thereof, including each renewal, modification, supplement, amendment, consolidation or replacement thereof (each, an “Encumbrance”).
Within ten (10) business days of Landlord’s request, Tenant will, without charge, execute, acknowledge and deliver to Landlord (or, at Landlord’s request, the Encumbrance holder) any instrument reasonably necessary to evidence this
subordination. If Tenant fails to execute and deliver such instrument within said ten-business-day period, Tenant hereby authorizes Landlord to execute the same as Tenant’s attorney in fact. Notwithstanding the foregoing, each Encumbrance
holder may unilaterally elect to subordinate its Encumbrance to this Lease. As a condition precedent to the subordination of this Lease to any ground lease, mortgage, deed to secure debt or deed of trust hereafter placed against the Project or any
portion thereof, Landlord shall be required to provide Tenant with a commercially reasonable SNDA (as defined below) from the holder of such instrument. “SNDA” means the applicable encumbrance holder’s standard form of subordination,
non-disturbance and attornment agreement with such commercially reasonable revisions or modifications as may be agreed upon by Tenant and the encumbrance holder, or, lacking a form from such encumbrance holder, on another commercially reasonable
form of subordination, non-disturbance and attornment agreement. 
 In connection with any effort by Landlord to obtain an SNDA as set forth
in the preceding paragraph, if Landlord and/or Tenant enter into negotiations with the Lender concerning substantive provisions of the SNDA which are proposed by Tenant but are not included in the Lender’s standard form of SNDA (“SNDA
Negotiations”), then (a) within thirty (30) days after written demand by Landlord, Tenant shall reimburse Landlord for all of Landlord’s third-party costs and expenses incurred by Landlord in connection with the SNDA
Negotiations, including, without limitation, Lender’s legal fees, review fees or similar amounts charged by Lender to Landlord (“Lender Fees”), 

  
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and (b) if Lender requires, as a condition of the SNDA transaction, that Landlord place a deposit with Lender to cover the Lender Fees, then if Landlord so elects by prompt written notice to
Tenant, Landlord will have no obligation to proceed with efforts to obtain the SNDA until Tenant forwards the amount of the required deposit to Landlord. 

14.3 Attornment. Upon written request of a Successor Landlord (as such term is defined below), Tenant will attorn to any transferee of
Landlord’s interest in the Project that succeeds Landlord by reason of a termination, foreclosure or enforcement proceeding of an Encumbrance, or by delivery of a deed in lieu of any foreclosure or proceeding (a “Successor Landlord”).
In this event, the Lease will continue in full force and effect as a direct lease between the Successor Landlord and Tenant on all of the terms of this Lease, except that the Successor Landlord shall not be: 

 

	 	(a)	Liable for any obligation of Landlord under this Lease, or be subject to any counterclaim, defense or offset accruing before Successor Landlord succeeds to Landlord’s interest except to the extent continuing after
such succession; 

  

	 	(b)	Bound by any modification or amendment of this Lease made without Successor Landlord’s written consent, except for any amendment or modification of this Lease pursuant to Tenant’s strict exercise of an express
right or option granted to Tenant under this Lease; 

  

	 	(c)	Bound by any prepayment of more than one month’s Rent; 

  

	 	(d)	Obligated to perform any improvements to the Premises (or provide an allowance therefor). Upon Successor Landlord’s request, Tenant will, without charge, promptly execute, acknowledge and deliver to Successor
Landlord any instrument reasonably necessary required to evidence such attornment. 

 14.4 Estoppel Certificate. Within
ten (10) business days after receipt of Landlord’s written request, Tenant (and each guarantor of the Lease) will execute, acknowledge and deliver to Landlord a certificate upon which Landlord and each existing or prospective Encumbrance
holder or prospective purchaser may rely confirming the following (or any exceptions to the following): 
  

	 	(a)	The Commencement Date and Expiration Date; 

  

	 	(b)	The documents that constitute the Lease, and that the Lease is unmodified and in full force and effect; 

  

	 	(c)	The date through which Base Rent, Additional Rent, and other Rent has been paid; 

  

	 	(d)	That neither Landlord nor Tenant is in Default; 

  
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	 	(e)	That Landlord has satisfied all Lease obligations to improve the Premises (or provide Tenant an allowance therefor) and Tenant has accepted the Premises; 

 

	 	(f)	That Tenant solely occupies the Premises; and 

  

	 	(g)	Such other matters concerning this Lease or Tenant’s occupancy that Landlord may reasonably require. 

  

	15.	DEFAULT AND REMEDIES 

 15.1 Tenant’s Default. 

 

	 	(a)	Tenant will be in “Default” of this Lease if Tenant either: 

  

	 	(1)	Fails to pay Rent when due, and the failure continues for five (5) days after Landlord notifies Tenant of this failure (Tenant waiving any other notice that may be required by law); 

 

	 	(2)	Fails to perform or comply with a non-monetary Lease obligation of Tenant (other than those obligations described in §15.1(a)(3) through (5), below), and the failure continues for thirty (30) days after
Landlord notifies Tenant of this failure, but: 

  

	 	(A)	In an emergency Landlord may require Tenant to perform this obligation in a reasonable time of less than thirty (30) days, or 

  

	 	(B)	If it will reasonably take more than thirty (30) days to perform this obligation, then Tenant will have a reasonable time not exceeding ninety (90) additional days to perform this obligation, but only if
Tenant commences performing this obligation within ten (10) days after Landlord notifies Tenant of this failure; 

  

	 	(3)	Consummates a Transfer that materially violates Article 13; 

  

	 	(4)	Fails, within thirty (30) days after Tenant has notice, to discharge any attachment or levy on Tenant’s interest in this Lease; or 

 

	 	(5)	Fails, within sixty (60) days after it occurs, to have vacated or dismissed any appointment of a receiver or trustee of Tenant’s assets (or any Lease guarantor’s assets), or any voluntary or involuntary
bankruptcy or assignment for the benefit of Tenant’s creditors (or any Lease guarantor’s creditors). 

 15.2
Landlord’s Remedies. If Tenant is in Default, Landlord may, without prejudice to the exercise of any other remedy, exercise any remedy available under law, including those described below: 

  
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	 	(a)	of Tenant’s Possession. Terminate Tenant’s right to possession of the Premises at any time by any lawful means, in which case this Lease shall terminate and Tenant must immediately surrender possession
of the Premises to Landlord. In such event, Landlord will be entitled to recover from Tenant all damages incurred by Landlord by reason of Tenant’s default, including, without limitation, (a) the worth at the time of the award of the
unpaid Rent which had been earned at the time of the termination; (b) the worth at the time of the award of the amount by which the unpaid Rent which would have been earned after termination until the time of the award exceeds the amount of
such rental loss that Tenant proves could have been reasonably avoided; (c) the worth at the time of the award of the amount by which the unpaid Rent for the balance of the Term after the time of award exceeds the amount of such rental loss
that Tenant proves could be reasonably avoided; and (d) 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 therefrom, including, but not limited to, court costs, any costs or expenses Landlord incurs in maintaining or preserving the Premises after such default, the cost of recovering possession of the Premises,
expenses of reletting, including renovation or alteration of the Premises, Landlord’s reasonable attorneys’ fees incurred in connection therewith, and any real estate commission paid or payable. As used in subparts (a) and
(b) above, the “worth at the time of the award” is computed by allowing interest at the Maximum Rate. As used in subpart (c) above, the “worth at the time of the award” is computed by discounting such amount at the
discount rate of the Federal Reserve Bank of San Francisco at the time of the award plus one percent (1%). 

  

	 	(b)	Maintain Right to Possession. Maintain Tenant’s right to possession, in which case Landlord will be entitled to enforce all of Landlord’s rights and remedies under this Lease, including the right to
recover Rent as it becomes due. Landlord has the remedy described in California Civil Code Section 1951.4 (lessor may continue lease in effect after lessee’s breach and abandonment and recover rent as it becomes due, if lessee has right to
sublet or assign, subject only to reasonable limitations). 

  

	 	(c)	 Reletting. After Tenant’s default (and for so long as Landlord does not terminate Tenant’s right to possession of the Premises),
Landlord may, to the extent allowable under the Laws, and in Landlord’s sole and absolute discretion (but without obligation) elect to enter into the Premises and relet them, or any part of them, to third parties for Tenant’s account.
Tenant shall be immediately liable to Landlord for all costs Landlord incurs in reletting the Premises, including brokers’ commissions, expenses of remodeling the Premises, and like costs. Reletting can be for a period shorter or longer than
the remaining Term of this Lease. Tenant will pay to Landlord the Rent due under this Lease on the dates the Rent is due, less the Rent Landlord receives from reletting. If Landlord elects to relet the Premises pursuant to this §15.2(c), Rent
that Landlord receives from reletting will be applied to the payment of: 

  
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(a) first, any indebtedness from Tenant to Landlord other than Rent due from Tenant; (b) second, all costs, including costs incurred by Landlord in reletting; and (c) third, Rent due
and unpaid under this Lease. After deducting the payments referred to above in this §15.2(c), any sum remaining from the Rent Landlord receives from reletting will be held by Landlord and applied in payment of future Rent as Rent becomes due
under this Lease. If, on the date Rent is due under this Lease, the Rent received from the reletting is less than the Rent due on that date, Tenant will pay to Landlord, in addition to the remaining Rent due, all costs, including costs for
maintenance, Landlord incurred in reletting which remain after applying the Rent received from the reletting. No act by Landlord allowed by this §15.2(c) will terminate this Lease unless Landlord notifies Tenant in writing that Landlord elects
to terminate this Lease. 

  

	 	(d)	Right of Landlord to Re-Enter. In the event of any termination of this Lease, Landlord shall have the immediate right to enter upon and repossess the Premises, and any personal property of Tenant may be removed
from the Premises and stored in any public warehouse at the risk and expense of Tenant. 

  

	 	(e)	Other Remedies. Pursue any other remedy now or hereafter available to Landlord under the Laws or judicial decisions of the state in which the Property is located. All rights and remedies of Landlord under this
Lease are cumulative and the exercise of one or more remedies at any time or from time to time does not limit or preclude the further exercise by Landlord of the same or any other rights or remedies at any time or from time to time.

  

	 	(f)	Limitation of Damages. Any liability of Tenant to Landlord (or any person or entity claiming by, through or under Landlord) for money damages arising from any default by Tenant under this Lease or any matter
relating to the occupancy or use of the Premises and/or the Project shall be limited to Landlord’s actual direct, but not consequential, damages unless the liability arises from Tenant’s default of the provisions of Section 3.4 or
Article 17 of this Lease. 

 15.3 Costs. Tenant will reimburse and compensate Landlord on demand and as Additional Rent
for any actual loss Landlord incurs in connection with, resulting from or related to any Default of Tenant under this Lease, regardless of whether suit is commenced or judgment is entered. Such loss includes all reasonable legal fees, costs and
expenses (including paralegal fees, expert fees, and other professional fees and expenses) Landlord incurs investigating, negotiating, settling or enforcing any of Landlord’s rights or remedies or otherwise protecting Landlord’s interests
under this Lease. In addition to the foregoing, Landlord is entitled to reimbursement of all of Landlord’s fees, expenses and damages, including, but not limited to, reasonable attorneys’ fees and paralegal and other professional fees and
expenses, Landlord incurs in connection with any bankruptcy or insolvency proceeding involving Tenant including, without limitation, any proceeding under any chapter of the Bankruptcy Code; by exercising and advocating rights under Section 365
of the Bankruptcy Code; by proposing a plan of reorganization and objecting to competing plans; and by filing motions for relief from stay. Such fees and expenses are payable on demand, or, in any event, upon assumption or rejection of this Lease in
bankruptcy. 

  
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 15.4 Waiver of Re-entry Claims. Tenant waives and releases all Claims Tenant may have
resulting from Landlord’s re-entry and taking possession of the Premises pursuant to this Article 15 by any lawful means and removing, storing or disposing of Tenant’s property as permitted under this Lease, regardless of whether this
Lease is terminated and, to the fullest extent allowable under the law, Tenant releases and will indemnify, protect, defend (with counsel reasonably acceptable to Landlord) and hold harmless the Landlord Parties from and against any and all Claims
arising therefrom. No such re-entry is to be considered or construed as a forcible entry by Landlord. 
 15.5 Waiver of Redemption.
Tenant waives any right of redemption from forfeiture under any law including, without limitation, California Code of Civil Procedure Sections 1174 and 1179. 

15.6 Landlord’s Default and Remedies. 
  

	 	(a)	Landlord will be in “Default” of this Lease if Landlord fails to perform any Lease obligation of Landlord and this failure continues for thirty (30) days after Tenant notifies Landlord of such failure, or
such longer period of time as is reasonable if more than thirty (30) days is reasonably required to perform this obligation, if performance commences within said thirty-day period and is diligently prosecuted to completion. 

 

	 	(b)	If Landlord is in Default, then Tenant may exercise any remedy available under law that is not waived or limited under this Lease, subject to the following: 

 

	 	(1)	Tenant may not terminate this Lease due to any Landlord Default until Tenant notifies each Encumbrance holder and each Encumbrance holder is provided a reasonable opportunity to gain legal possession of the Project and,
after gaining possession, cure the Default. 

  

	 	(2)	Landlord’s liability under this Lease or for any matter relating to the occupancy or use of the Premises and/or the Project is limited to Landlord’s interest in the Building, and if Landlord is comprised of
more than one entity, the liability of each entity comprising Landlord shall be several only (not joint) based upon such entity’s proportionate share of ownership in the Building. 

 

	 	(3)	No liability under this Lease is assumed by Landlord’s Affiliates. 

  

	 	(4)	Any liability of Landlord to Tenant (or any person or entity claiming by, through or under Tenant) for any default by Landlord under this Lease or any matter relating to the occupancy or use of the Premises and/or the
Project shall be limited to Tenant’s actual direct, but not consequential, damages therefor. 

  
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 15.7 Arbitration and Mediation; Waiver of Jury Trial. Except as provided in this
§15.7, if any dispute ensues between Landlord and Tenant arising out of or concerning this Lease, and if said dispute cannot be settled through direct discussions between the parties, the parties shall first attempt to settle the dispute
through mediation before a mutually acceptable mediator. The cost of mediation shall be divided equally between the parties. Thereafter, any remaining, unresolved disputes or claims shall be resolved by binding arbitration in accordance with the
rules of the American Arbitration Association, and judgment upon the award rendered by the arbitrator may be entered in any court of competent jurisdiction. The prevailing party in any such arbitration shall be entitled to recover reasonable costs
and attorneys’ fees and costs as determined by the arbitrator; provided, however, that the foregoing provisions regarding mediation and arbitration shall not apply to (a) any issue or claim that might properly be adjudicated in an unlawful
detainer proceeding, or (b) to any issue or claim that Landlord or Tenant elects not to have resolved through arbitration and with respect to which Landlord or Tenant commences an action in law or equity to determine the same. Without
limiting the foregoing, to the extent permitted by law, Landlord and Tenant hereby waive trial by jury in any action, proceeding or counterclaim (including any claim of injury or damage and any emergency and other statutory remedy in respect
thereof) brought by either against the other on any matter arising out of or in any way connected with this Lease, the relationship of Landlord and Tenant, or Tenant’s use or occupancy of the Premises. 

15.8 Enforcement Costs. If Landlord or Tenant brings any action against the other to enforce or interpret any provision of this Lease
(including any claim in a bankruptcy or an assignment for the benefit of creditors), the prevailing party shall recover from the other reasonable costs and attorneys’ fees incurred in such action. 

15.9 Force Majeure. If either party shall be delayed in, or prevented from, the performance of any act or service required under this
Lease, by reason of strikes, inability to procure materials, failure of power, restrictive governmental Laws or regulations, riot, insurrection war, terrorism, or any act of God, or other reasons of a similar or dissimilar nature which are beyond
the reasonable control of the party (“Force Majeure”), then the performance of any such act or service shall be excused for the period of the resulting delay. Notwithstanding the foregoing, this paragraph shall not be applied so as to
excuse or delay (a) payment of any monies from one party to the other, including Rent, or (b) performance of obligations which can be cured by the payment of monies. 

 

	16.	INTENTIONALLY OMITTED. 

  

	17.	HAZARDOUS MATERIALS 

  

	 	(a)	 As used herein, “Hazardous Materials” means any hazardous, toxic, environmentally damaging or radioactive materials, substances or wastes,
including, but not limited to, those materials, substances or wastes: (1) defined or listed as hazardous or extremely hazardous materials or wastes pursuant to Title 22, Division 4.5, Chapter 10 et seq.,

  
 44 

	 	
of the California Code of Regulations, as may be amended; (2) defined or listed as hazardous substances pursuant to the Comprehensive Environmental Response, Compensation and Liability Act,
42 USC § 9601, et seq. and regulations promulgated thereunder, as may be amended; (3) defined or listed as hazardous or acutely hazardous wastes pursuant to the Resource Conservation and Recovery Act, 42 USC § 6901, et seq. and
regulations promulgated thereunder, as may be amended; and/or (4) which consists in whole or part of petroleum, petroleum fractions, petroleum products or petroleum distillates or asbestos or asbestos containing materials. 

 

	 	(b)	Tenant shall not cause or permit to be discharged from or about the Project or the Condominium any Hazardous Materials. Without limiting the foregoing, Tenant shall not cause or permit to be discharged any Hazardous
Materials into the groundwater or soils underlying or adjacent to the Project. Tenant shall provide Landlord with at least five (5) days prior written notice before bringing, using, or storing any Hazardous Materials on the Premises except for
minor amounts thereof commonly used for office purposes (for example: white-out for correcting typing mistakes, toner in printers, and office cleaning supplies). Tenant shall not use, store, handle, or generate in, on, or about the Premises any
Hazardous Materials except for minor amounts thereof commonly used for office purposes (for example: white-out for correcting typing mistakes, toner in printers, and office cleaning supplies), and except as necessary for the use and operation of the
Generator and then only to the extent such usage strictly complies with applicable Laws. Upon Landlord’s written request, Tenant will promptly deliver to Landlord documentation acceptable to Landlord disclosing the nature and quantity of any
Hazardous Materials Tenant has located at the Project and evidencing the legal and proper handling, storage and disposal of all Hazardous Materials kept at or removed or to be removed from the Project by Tenant. All such documentation will list
Tenant or its agent as the responsible party (including with respect to all existing underground or above-ground fuel storage tanks serving the Generator) and will not attribute responsibility for any such Hazardous Materials to Landlord or the
property manager, if any. Tenant will comply with and is solely responsible for all reporting and warning obligations required under Laws pertaining to Hazardous Materials arising from Tenant’s use or occupancy of the Premises and Project. Such
reporting and warning obligations are the sole responsibility of Tenant regardless of whether Laws pertaining to Hazardous Materials permit or require Landlord to report or warn, and include, without limitation, all notices and other requirements
under California Health & Safety Code Section 25249.5 et seq. and Title 22 of the California Code of Regulations, Sections 12000 et seq. 

  

	 	(c)	 Tenant, at its sale expense shall comply with all applicable Laws respecting Hazardous Materials in connection with Tenant’s activities and the
activities of its agents, employees, contractors and invitees on or about the Project. Tenant, at its sale cost, shall perform all investigations, clean-up and other response actions which may

  
 45 

	 	
be required by any governmental authority respecting Hazardous Materials in, on, or about the Project or the soils or groundwater underlying any one or more of the same resulting from or caused
to exist by Tenant’s activities and/or the activities of its agents, employees, contractors and invitees. Except as provided in the preceding sentence, Landlord, at its sale cost (and not as a cost passed through to Tenant as an Expense), shall
perform all investigations, clean-up and other response actions which may be required by any governmental authority in, on, or about the Premises respecting Hazardous Materials migrating from offsite onto the Land or into the soils or groundwater
underlying the same or underlying the Parking Garage whether or not caused to exist by the activities of Landlord and/or the activities of Landlord’s agents, employees, contractors and invitees. 

 

	 	(d)	Tenant shall indemnify, protect, defend (by legal counsel subject to Landlord’s approval, which shall not unreasonably be withheld) and hold harmless Landlord from and against all costs (including, but not limited
to, environmental response costs), expenses, claims, judgments, losses, demands, liabilities, causes of action, governmental directives, proceedings or hearings, including Landlord’s attorneys’ and experts’ fees and costs, relating to
the use, handling, generation, storage, transportation, release or disposal of Hazardous Materials by Tenant, its employees, agents, invitees or contractors on, in, beneath, about or from, the Project, or in the groundwater or land underlying the
Project, or, in, on, or about any groundwater or land adjacent to, on, in the vicinity of the Project, and/or relating to the breach of any of Tenant’s obligations under this §17. The foregoing indemnity shall include an obligation for
Tenant to indemnify, protect, defend, and hold harmless Landlord from and against the cost of environmental consultants, attorneys, and other consultants as Landlord determines are appropriate to assist Landlord in (1) investigating the source,
extent, and composition of such Hazardous Materials, (2) cleaning up or otherwise remediating the same, (3) dealing with any potential or actual liability of Landlord and/or Tenant respecting such Hazardous Materials, and
(4) otherwise dealing with such Hazardous Materials. Tenant shall reimburse Landlord for (i) losses in or reductions to rental income resulting from Tenant’s use, handling, generation, storage, transportation, release or disposal of
Hazardous Materials; (ii) all costs of clean-up or other alterations to the Project or other areas necessitated by Tenant’s use, handling, generation, storage, transportation, release or disposal of Hazardous Materials; and (iii) any
diminution in the fair market value of the Project or other property within the Condominium or any improvements thereon caused by Tenant’s use, handling, generation, storage, transportation, release or disposal of Hazardous Materials.

  

	 	(e)	 Tenant shall notify Landlord in writing, immediately upon becoming aware of: (1) any environmental investigation, clean-up or other environmental
response action requested, demanded, instituted or to be instituted by any person, including but not limited to a governmental entity, relating to any release or migration of Hazardous

  
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Materials on, in, beneath, to or adjacent to the Project; (2) any environmental investigation, cleanup or other environmental response action requested, demanded, instituted or to be
instituted by any person, including a governmental entity, relating to the use, handling, generation, storage, transportation, release or disposal of Hazardous Materials on, in, beneath, about or from the Project; (3) any claim or demand made
or threatened by any person, including but not limited to a governmental entity, against Landlord or Tenant, or the Project relating to damages, contribution, cost recovery, compensation, loss or injury relating to or claimed to result from any
Hazardous Materials that have come to be located on or about the Project; or (4) any data, workplans, proposals or reports submitted to any governmental entity arising out of or in connection with any Hazardous Materials on or about the
Project, including but not limited to any complaints, notices, warnings or asserted violations in connection therewith. 

  

	 	(f)	Landlord shall have the right, but not the obligation, in its sole discretion, to conduct from time to time an inspection of the Building and other portions of the Project regarding Hazardous Materials on, in, beneath
or about same. Landlord shall give Tenant forty-eight (48) hours advance notice of any such inspection within the Premises, except in the event of an emergency situation in which event no notice shall be required. When conducting any such
inspections, Landlord shall avoid unreasonably disrupting Tenant’s activities. Tenant shall provide Landlord with reasonable cooperation to facilitate any such inspection by Landlord, its agents or representatives. 

 

	 	(g)	Under no circumstances shall Tenant install, temporarily or permanently, any underground or below-floor tanks relating to the use, storage or disposal of Hazardous Materials. Such prohibition shall not apply to the
existing above and below ground fuel storage tanks serving the Generator. However, Tenant shall not modify or replace such tanks without Landlord’s prior written consent. 

 

	 	(h)	Prior to the expiration or termination of the Term, Tenant shall decontaminate, remove or close any equipment, improvements or facilities installed by Tenant at the Project in connection with Hazardous Materials, in
full compliance with applicable Laws. 

  

	 	(i)	 Landlord represents that, to Landlord’s actual knowledge, no Hazardous Materials exist in the soils or groundwater under the surface of the Land
or within the Premises or elsewhere in the Project in violation of Laws other than as may be set forth in any environmental report provided by Landlord to Tenant for review. Landlord shall indemnify, protect, defend and hold harmless Tenant from and
against all costs (including, but not limited to, environmental response costs), expenses, claims, judgments, losses, demands, liabilities, causes of action, governmental directives, proceedings or hearings (including, but not limited to,
environmental response costs), incurred to investigate and/or remediate any Hazardous Materials contamination in 

  
 47 

	 	
the soils or groundwater under the surface of the Project which investigation or remediation is required by written mandate of lawful governmental authority having jurisdiction over such
Hazardous Materials contamination, and only to the extent of Hazardous Materials situated in the soils or groundwater underlying the Project (i) as of the Execution Date, or (ii) caused to exist by the actions of Landlord or its employees,
agents, or contractors. In satisfying its defense obligation pursuant to this paragraph, Landlord shall have the right in its sole discretion to select and control defense counsel. Landlord’s indemnification and defense obligations under this
paragraph shall not apply to the extent any of the foregoing claims or costs are based on Hazardous Materials contamination on or about the Premises or the Project caused by Tenant or any agent, contractor, or invitee of Tenant or any release on or
after the Delivery Date of Hazardous Materials from the fuel storage tanks serving the Generator. The phrase “to Landlord’s actual knowledge” means the actual, not constructive or imputed, knowledge of the individual serving as asset
manager of the Project as of Execution Date (“Designated Knowledge Person”), without any obligation on such Designated Knowledge Person’s part to make any independent investigation of the matters being represented and warranted, or to
make any inquiry of any other persons, or to search or examine any files, records, books, correspondence and the like. The Designated Knowledge Person acts under this Lease solely in his or her capacity as asset manager for the Project and not
individually and does not make any personal representations and shall have no personal liability to Tenant hereunder or otherwise. 

  

	 	(j)	Notwithstanding any other provision of this Lease, Tenant shall protect, defend, indemnify and hold harmless Landlord from and against claims, damages, liabilities, costs and expenses of every kind and nature, including
reasonable attorneys’ fees, incurred by or asserted against Landlord arising out of Tenant’s maintenance, operation, replacement, use or relocation of the Generator Equipment including, without limitation (i) any release of fuel on,
in, beneath, about or from, the Project, or in the groundwater or land underlying the Project, or, in, on, or about any groundwater or land adjacent to, on, in the vicinity of the Project from any Generator Equipment. Further, upon any release or
spill of any fuel from the Generator Equipment, Tenant shall, at its sole cost and expense clean up and remove all spilled fuel to Landlord’s satisfaction and whether or not such is required by Laws. 

 

	 	(k)	The obligations of Tenant and Landlord under this §17 shall survive the expiration of the Term. 

  

	18.	EXTERIOR SIGNAGE. 

 Tenant shall have the exclusive right, at its sole cost and expense, to
place (a) on the existing monument sign in the Outside Areas facing El Camino Real, and (b) on the arch located at the entry way to the Building, signage displaying Tenant’s tradename and corporate logo (collectively, the
“Signage”) subject to the following terms and conditions: 

  
 48 

 (i) The graphics, materials, color, design, lettering, lighting, size,
specifications and manner of affixing/installing the Signage, and their specific location, shall be subject to Landlord’s prior approval, not to be unreasonably withheld, delayed or conditioned, and further subject to compliance with all Laws
affecting same (collectively, “Sign Laws”). Landlord’s approval of any Signage shall not constitute a representation by Landlord that any such signage complies with any applicable Sign Laws; 

(ii) Tenant shall maintain all Signage in good condition and repair. Tenant will be responsible for all costs and expenses
related to the installation, maintenance and removal or replacement of all Signage including, without limitation, design costs; 

(iii) Tenant’s Signage rights shall terminate (1) if the RSF of the Premises is reduced to less than fifty percent
(50%) of the original RSF of the Premises, or (2) in any event, upon termination of this Lease or Tenant’s right to possession of the Premises. Upon the occurrence of any such events, and unless otherwise directed by Landlord, Tenant
shall remove all of its Signage and repair any damage caused thereby at its sole cost and expense; 
 (iv) Tenant’s
Signage rights are personal to the Tenant, are not transferable by Tenant and may not be exercised by any assignee or sublessee or other successor of Tenant. Notwithstanding, Tenant’s Signage rights shall inure to the benefit and may be
exercised by a successor in interest to Tenant by merger or consolidation and an assignee of Tenant provided that such merger, consolidation or assignment is otherwise a Permitted Transfer under the Lease and further provided that any change of the
name of Tenant on its Signage (i) will not cause Landlord to be in breach of any other lease or agreement affecting the Building, and (ii) is not otherwise reasonably objectionable by Landlord; and 

(v) Except as permitted under this §18, Tenant shall not display, inscribe, print, paint, maintain or affix any sign,
notice, legend, direction, figure or advertisement that is visible from the exterior of the Building. 
  

	19.	CONDOMINIUM REGIME. 

 Tenant confirms that it has been provided with copies of the current
Condominium Declaration affecting the Building, such being attached hereto as EXHIBIT B. Subject to the terms of this §19, Tenant shall observe and comply with the Condominium Declaration and any amendments or restatements thereto (upon
receipt thereof from Landlord) provided that such do not impose material obligations or costs upon Tenant not already included in this Lease. This Lease, at Landlord’s option, shall be subordinate to the Condominium Declaration regarding
maintenance and use of any areas contained in any portion of the Project. Tenant agrees that no documentation other than this Lease shall be required to evidence such subordination. Landlord shall have absolute and complete discretion to provide for
such condominium regime on such terms and conditions as it shall determine in its sole discretion; provided in no event shall Landlord take any action with respect to such condominium regime which may reasonably impose material obligations or costs
upon Tenant not already included in this Lease or otherwise materially and adversely affect Tenant’s rights under 

  
 49 

 
this Lease. Further, Tenant recognizes that under the Condominium Declaration, certain obligations or requirements of performance that might otherwise be the obligation or requirement of the
“Landlord” hereunder may, in fact, be the obligation of or are performable by an association created under the Condominium to operate and manage the condominium regime (the “Association”). Without limitation, such
obligations might include certain maintenance and repair obligations of the Condominium Common Areas and the obligation to carry insurance and certain restoration obligations in the event of a casualty or condemnation. The existence of the
Condominium and/or the delegation of any obligations otherwise performable hereunder by Landlord to any such Association shall not release Landlord, as between Tenant and Landlord, for such obligations, but Tenant agrees that the performance by the
Association of such obligations shall satisfy any obligations of Landlord with respect thereto. Tenant confirms that it has been provided with copies of the current Condominium Declaration affecting the Building. Landlord represents and warrants
that the Condominium Declaration attached hereto as EXHIBIT B is true, correct and complete and has not been modified. 
  

	20.	MISCELLANEOUS 

 20.1 Rules and Regulations Tenant shall comply with and conform to the
rules and regulations currently in effect for the Building, which are set forth on EXHIBIT C attached hereto and incorporated herein by reference the “Rules and Regulations”). Landlord shall have the right to amend the Rules and
Regulations or to make new Rules and Regulations from time to time in any reasonable manner. Any such amendments or additions to the Rules and Regulations shall be set forth in writing and shall be given to Tenant, who shall thereafter comply with
and conform to the same. Landlord shall not enforce any of the Rules and Regulations in such a manner as to discriminate against Tenant or anyone claiming under or through Tenant. Tenant shall not be bound by any Rule or Regulation adopted by
Landlord that is not consistently applied and enforced. Landlord will not enact any Rule or Regulation that materially interferes with Tenant’s use and enjoyment of the Premises as provided under this Lease. If the Rules and Regulations
conflict with this Lease, the Lease shall govern. Rules and regulations governing the use and occupancy of the Premises, the Outside Areas and all other leased space in the Building have been adopted by Landlord for the mutual benefit and protection
of all the tenants in the Building (as existing and modified from time to time, the “Rules and Regulations”). 

20.2 Notice. Notice to Landlord must be given to each notice recipient identified in Landlord’s Notice Addresses. Notice to Tenant
must be given to each notice recipient identified in Tenant’s Notice Addresses. By notice to the other, either party may change its Notice Address. Each notice must be in writing and must be hand delivered by local courier or national overnight
delivery service (e.g., Federal Express). Notice shall be effective on the date of receipted delivery or refusal to accept delivery. 

20.3 Reserved. 

  
 50 

 20.4 Building Name. Tenant shall not use the Building’s name or image for any
purpose, other than Tenant’s address. Landlord may change the name of the Building without any obligation or liability to Tenant. 

20.5 Entire Agreement. This Lease is deemed integrated and contains all of each party’s representations, waivers and obligations.
The parties may only modify or amend this Lease in a writing that is fully executed and delivered by both parties. 
 20.6
Counterparts. This Lease may be executed in any number of counterparts, each of which when taken together shall be deemed to be one and the same instrument. Facsimile signatures and scanned copies of signatures sent by electronic mail shall be
effective as original signatures and shall have the same effect as original signatures. 
 20.7 Successors. Unless provided to
the contrary elsewhere in this Lease, this Lease binds and inures to the benefit of each party’s heirs, successors and permissible assignees. 

20.8 No Waiver. A party’s waiver of a breach of this Lease will not be considered a waiver of any other breach. No custom or
practice that develops between the parties will prevent either party from requiring strict performance of the terms of this Lease. No Lease provision or act of a party creates any relationship between the parties other than that of landlord and
tenant. 
 20.9 Independent Covenants. The covenants of this Lease are independent. A court’s declaration that any part
of this Lease is invalid, void or illegal will not impair or invalidate the remaining parts of this Lease, which will remain in full force and effect. 

20.10 Captions. The use of captions, headings, boldface, italics or underlining is for convenience only, and will not affect the
interpretation of this Lease. 
 20.11 Authority. Each of Landlord and Tenant represent and warrant that the execution hereof
has been duly authorized and each is authorized to bind its respective interests under this Lease. 
 20.12 Applicable Law.
This Lease is governed by the Laws of the state in which the Building is located, regardless of that state’s conflicts provision or choice of law rules. In any action brought under this Lease, Tenant submits to the jurisdiction of the courts of
the State of California, and to venue in Santa Clara County, California. 
 20.13 No Recording; Confidentiality. Tenant will
not record this Lease or a memorandum of this Lease without Landlord’s prior written consent. Tenant will keep the financial terms of this Lease confidential and, unless required by Law, may not disclose the terms of this Lease to anyone other
than Tenant’s Affiliates to the extent necessary to Tenant’s business; notwithstanding the foregoing, however: (i) Tenant may disclose such terms to its agents, consultants, attorneys, accountants, prospective investors, lenders,
successors or acquirers, and others who need to know the information for the purpose of assisting Tenant in connection with this Lease; (ii) the foregoing 

  
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covenant of confidentiality shall not be applicable to any information published by Landlord as public knowledge or otherwise available in the public domain; and (iii) Tenant shall be
permitted to disclose such information as may be recommended by Tenant’s legal counsel in order to comply with all financial reporting, securities Laws and other legal requirements applicable to Tenant, including any required disclosures to the
Securities and Exchange Commission. Landlord will keep the terms of this Lease (which terms, for purposes of this Section 20.13 only, shall be deemed to include any financial statements provided to Landlord pursuant to Section 20.20,
below) confidential and, unless required by Law, may not disclose the terms of this Lease to anyone other than Landlord’s Affiliates to the extent necessary to Landlord’s business; notwithstanding the foregoing, however: (i) Landlord
may disclose such information to its consultants, attorneys, accountants, prospective investors, lenders, successors or acquirers, and others who need to know the information for the purpose of assisting Landlord in connection with the transaction
that is the subject of this Lease provided that such receiving parties agree as a condition to engagement to the confidentiality requirements set forth in this Section 20.13; (ii) the foregoing covenant of confidentiality shall not be
applicable to any information published by Tenant as public knowledge or otherwise available in the public domain; and (iii) Landlord shall be permitted to disclose such information as may be reasonably recommended by Landlord’s legal
counsel in order to comply with all financial reporting, securities Laws and other legal requirements applicable to Landlord, including any required disclosures to the Securities and Exchange Commission. 

20.14 Reasonableness. Tenant’s sole remedy for any claim against Landlord that Landlord has unreasonably withheld or unreasonably
delayed any consent or approval shall be an action for injunctive or declaratory relief, except as expressly set forth to the contrary in Section 13.4(c), above. 

20.15 Time. Time is of the essence as to all provisions in this Lease in which time is a factor. 

20.16 Quiet Enjoyment. So long as Tenant is not in Default, Tenant shall have the right to peacefully and quietly enjoy the Premises for
the Term, subject to the terms of this Lease, matters of record, and rights of other tenants of the Project. 
 20.17 Right to
Enter Premises. Landlord, its employees and agents and any mortgagee of the Land or Building shall have the right to enter any part of the Project at all reasonable times with reasonable notice (but at any time and without notice in the event of
an emergency) for the purpose of examining or inspecting the same, showing the same to prospective purchasers, mortgagees or tenants and for making such repairs, alterations or improvements to the Project as Landlord may deem necessary or desirable
or to secure the Building or prevent further damage thereto in the event of emergency, provided that Landlord uses reasonable efforts to minimize any disruption of Tenant’s business during such entry (excluding any entry in connection with a
Default). Such right of entry shall also include, but not be limited to, access to the Premises for purposes of environmental inspections and sampling during regular business hours (provided that Landlord uses reasonable efforts to minimize any
disruption of Tenant’s business during such entry), or during other hours either by agreement of the parties or in the event of any environmental emergency. If 

  
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representatives of Tenant shall not be present to open and permit such entry into the Premises at any time when such entry is necessary or permitted hereunder, Landlord and its employees and
agents may enter the Premises by means of a master key or otherwise. Landlord shall incur no liability to Tenant for such entry nor shall such entry constitute an eviction of Tenant or a termination of this Lease or entitle Tenant to any abatement
of rent therefor. 
 20.18 Intentionally omitted. 

20.19 Exhibits. The exhibits attached to this Lease are incorporated herein. If any exhibit is inconsistent with the terms of this
Lease, the provisions of this Lease will govern. 
 20.20 Financial Statements. At any time during the Term of this Lease,
Tenant shall, upon ten (10) days prior written notice from Landlord, provide Landlord with a current financial statement and financial statements for the two (2) years prior to the current financial statement year. Such statements shall be
prepared in accordance with generally accepted accounting principles and, if such is the normal practice of Tenant, shall be audited by an independent certified public accountant. Tenant consents to the delivery of such financial statements by
Landlord to lenders or prospective lenders or purchasers of the Building. 
 20.21 No Light, Air or View Easement. This lease
does not create, nor shall Tenant have, any easement, express or implied, or any other right for light, air or view to or from the Premises. Any reduction or blockage of light, air or view by any structure which may be erected after the Execution
Date shall in no way effect this Lease, the obligations of Tenant hereunder or impose any additional liability on Landlord. 

[SIGNATURES TO IMMEDIATELY FOLLOW] 

  
 53 

 HAVING READ AND INTENDING TO BE BOUND BY THE TERMS AND PROVISIONS THEREOF, 

LANDLORD AND TENANT HAVE EXECUTED THIS LEASE AS OF THE EXECUTION DATE. 

 

									
	TENANT	  		  	LANDLORD
			
	BOX.NET, INC., A DELAWARE CORPORATION	  		  	BEHRINGER HARVARD EL CAMINO
		  		  		  	REAL LP, A DELAWARE LIMITED PARTNERSHIP
					
		  		  		  	By:	  	Behringer Harvard El Camino Real GP, LLC, a Delaware limited liability company,
		  		  		  	its general partner
					
	By:	  	 /s/ Greg Strickland
	  		  	By:	  	 /s/ Robert H. Thomas, Jr.

	Name:	  	Greg Strickland	  		  	Name:	  	Robert H. Thomas, Jr.
	Title:	  	VP Ops and Corporate Secretary	  		  	Title:	  	Vice President

 EXHIBIT A – ILLUSTRATION OF PROJECT 

El Camino Real Building • 4440 El Camino Real • Los Altos, California 

SEE ATTACHED 

  
 A-1 

  
 

 

  
 A-2 

  
 

 

  
 A-3 

 EXHIBIT B – CONDOMINIUM DECLARATION 

4440 El Camino Building • 4440 El Camino Real • Los Altos, California 

SEE ATTACHED 

  
 B-1 

  
 

 

  
 B-2 

 6/20/00 

THE LOS ALTOS-EL CAMINO OFFICE / HOTEL COMMERCIAL CONDOMINIUM 

DECLARATION OF COVENANTS, RESTRICTIONS AND EASEMENTS 

This Commercial Condominium Declaration of Covenants, Restrictions and Easements (“Declaration”) is made on this
            day of             , 2000, by Los Altos—El Camino Associates, LLC, a California limited liability company,
hereinafter referred to as “Declarant,” with reference to the following facts: 
 A. Location of Property. Declarant is the
owner of certain real property located in the City of Los Altos, County of Santa Clara, State of California, more particularly described as Parcel 1 on the Parcel Map filed for record in the office of the County of Santa Clara, State of California,
on the             day of             , 2000, in Book             of
Parcel Maps, page(s)             (the “Parcel Map”). 
 B.
Description of Project. Declarant has completed, or will complete, construction of a project of two commercial buildings, one being an office building and the other being a hotel, on Parcel 1 of the Parcel Map (the “Project”). 

C. Description of Condominium Project. Declarant has recorded the condominium plan entitled “Condominium Plan for the Los
Altos—El Camino Commercial Condominium”, which was filed for record in the Office of the Recorder of the County of Santa Clara, California, on             , 2000, under Series No.
            (the “Condominium Plan”). The purpose of the Condominium Plan is to divide the Project into two condominium units, with one condominium unit encompassing the Office
Building and related improvements, and the other condominium units encompassing the Hotel Building and related improvements. 
 D. Office
Unit. The Condominium Unit shown on the Condominium Plan as “Unit 1” is a unit of airspace that includes the office building, the garage for that office building, the landscaped areas, parking areas and grounds for the office building,
and other office building facilities located within the area described and referenced in this Declaration as the “Office Unit”. 

E. Hotel Unit. The Condominium Unit shown on the Condominium Plan as “Unit 2” is a unit of airspace that includes the hotel
building, the garage for that hotel building, the landscaped areas, parking areas, hotel facilities and grounds for the hotel, and other hotel facilities located within the area which is described and referenced in this Declaration as the
“Hotel Unit”. The hotel operated within the Hotel Unit will be operated in conjunction with certain other land and improvements outside of the condominium project, located adjacent to the Hotel Unit, consisting of the Hetch Hetchy Area, as
defined in this Declaration, and Lot 2 of the Parcel Map, defined as the Adjoining Hotel Parcel in this Declaration. 
 F. Establishment
of Commercial Condominium Project. By this Declaration and the Condominium Plan, Declarant intends to establish the Project as a commercial condominium project pursuant to the provisions of the California Common Interest Development Act.
Declarant intends to 

  
 B-3 

 
provide for separate ownership and use of the two (2) Condominium Units located within the Project and undivided Common Interests appurtenant to those Condominium Units in those portions of
the Project designated in this Declaration and the Condominium Plan as the Common Area. Declarant further intends by this Declaration to impose upon the Project mutually beneficial restrictions under a general plan of improvement for the benefit of
all of the said Condominiums and the Owners thereof and easements for the use of the Project by the Owners. 
 NOW, THEREFORE,
Declarant hereby declares that each Condominium Unit in the Project shall be held, conveyed, mortgaged, encumbered, leased, rented, used, occupied, sold, and improved, subject to the following declarations, limitations, covenants, conditions,
restrictions and easements, all of which are for the purpose of enhancing and protecting the value and attractiveness of the Project, and every part thereof, in accordance with the plan for the improvements of the Project and the division thereof
into the Condominiums. All of the limitations, covenants, conditions, restrictions and easements stated in this Declaration shall constitute covenants which shall run with the land and shall be binding upon Declarant and its successors and assigns,
and all parties having or acquiring any right, title or interest in or to any part of the Project. 
 ARTICLE I 

DEFINITIONS 
 1.1. “Adjoining
Hotel Parcel” shall mean and refer to that certain parcel of real estate owned by the Owner of the Hotel Unit which is described as Parcel 2 of that certain Parcel Map which was filed for record in Book
            of Maps at pages             . The Adjoining Hotel Parcel shall be used [is to be used] as part of the operation of
the Hotel in conjunction with the Hotel Unit. However, the Adjoining Hotel Parcel is separate from and not a part of the Project. 
 1.2.
“Assessment” shall mean that portion of the cost of maintaining, improving, repairing, operating and managing the Project which is to be paid by each Unit Owner as determined by the Association, and shall include Regular Assessments,
Special Assessments and Reimbursement Assessments. 
 1.3. “Association” shall mean and refer to The Los Altos – El Camino
Commercial Condominium Association, an unincorporated association, the Members of which shall be the Owners of the Condominiums in the Project. 

1.4. “BMR Units” shall mean and refer to the residential units that are part of the Hotel Unit, subject to the provisions set forth
in Section 9.15 of this Declaration. 
 1.5. “Building” shall mean and refer to each of the two buildings in the Project,
being the Office Building within the Office Unit and the Hotel Building within the Hotel Unit, including the garages that are part of each of the respective Units. 

1.6. “City” shall mean the City of Los Altos, California. 

  
 B-4 

 1.7. “Common Area” shall mean and refer to all of the Project excepting the individual
Units. Title to the Common Area shall be held by both of the Owners of the Condominiums in common as set forth in Section 2.2B. 
 1.8.
“Common Expenses” means and includes the actual and estimated expenses of the Association and any reasonable reserve for such purposes as found and determined by the Members and all sums designated Common Expenses by or pursuant to the
Condominium Documents. 
 1.9. “Common Interest” means the proportionate undivided interest in the Common Area which is appurtenant
to each Unit as set forth in this Declaration. 
 1.10. “Condominium” shall mean an estate in real property as defined in
California Civil Code §§ 783 and 1351(f), consisting of an undivided interest in common in a portion of the Project and a separate interest in space called a Unit. 

1.11. “Condominium Plan” shall mean and refer to the recorded subdivision map for condominium purposes, containing three dimensional
plans of the Condominiums built or to be built on the Project which identifies the Common Area, and each separate interest pursuant to California Civil Code § 1351, entitled “Condominium Plan for the Los Altos – El Camino Commercial
Condominium”, which was filed for record in the Office of the Recorder of the County of Santa Clara, California, on             , 2000, under Series No.
            . 
 1.12. “Condominium Unit” as used in this Declaration
shall mean and refer to a Unit. 
 1.13. “Declarant” shall mean and refer to Los Altos – El Camino Associates, LLC, a
California limited liability company, and any successor or assign that expressly assumes the rights and duties of the Declarant hereunder in a recorded written document. 

1.14. “Declaration” shall mean and refer to this declaration of covenants, conditions and restrictions which establishes the Project.

 1.15. “Eligible Holder Mortgages” shall mean mortgages held by “Eligible Mortgage Holders.” 

1.16. “Eligible Mortgage Holder” shall mean a First Lender who has requested notice of certain matters from the Association in
accordance with Section 9.6C. 
 1.17. “Eligible Insurer or Guarantor” shall mean an insurer or governmental guarantor of a
First Mortgage who has requested notice of certain matters from the Association in accordance with Section 9.6C. 
 1.18. “First
Lender” shall mean any bank, savings and loan association, insurance company, or other financial institution holding a recorded First Mortgage on any Condominium. 

  
 B-5 

 1.19. “First Mortgage” shall mean and refer to any recorded mortgage on a Condominium
with first priority over other mortgages thereon. 
 1.20. “Foreclosure” shall mean and refer to the legal process by which the
mortgaged property of a borrower in default under a mortgage is sold, and the borrower’s interest in such property is sold, pursuant to California Civil Code § 2924a et seq. or sale by the Court pursuant to California Code of Civil
Procedure § 725a et seq. and any other applicable law. 
 1.21. “Hetch Hetchy Area” shall mean and refer to that
certain parcel of land situated between the Hotel Unit and the Adjoining Hotel Parcel [owned by the City and County of San Francisco and] leased to the Owner of the Hotel Unit. The Hetch Hetchy Area is to be used as part of the operation of the
hotel in conjunction with the Hotel Unit, but is separate from, and not part of, the Project. 
 1.22. “Hotel Building” shall mean
and refer to the building and improvements within the Hotel Unit, including the garage located within the boundaries of the Hotel Unit. 

1.23. “Hotel Unit” shall mean and refer to the Hotel Unit as further described in Section 2.2.A.(2). 

1.24. “Member” shall mean and refer to a person entitled to membership in the Association as provided herein. 

1.25. “Mortgage” shall include a deed of trust as well as a mortgage. 

1.26. “Mortgagee” shall include a beneficiary or a holder of a deed of trust as well as a mortgagee. 

1.27. “Mortgagor” shall include the trustor of a deed of trust as well as a mortgagor. 

1.28. “Office Building” shall mean the building and improvements within the Office Unit, including the garage located within the
boundaries of the Office Unit. 
 1.29. “Office Unit” shall mean and refer to the Office Unit as further described in
Section 2.2.A.(1). 
 1.30. “Owner” or “Owners” shall mean and refer to the record holder or holders of title to a
Condominium in the Project. This shall include any person having fee simple title to any Unit, but shall exclude persons or entities having any interest merely as security for the performance of an obligation. If a Condominium is sold under a
contract of sale and the contract is recorded, the purchaser rather than the fee owner, shall be considered the “Owner” from and after the date the Association receives written notice of the recorded contract. 

1.31. “Person” means a natural person, a corporation, a partnership, a limited liability company, a trustee, or other legal entity.

  
 B-6 

 1.32. “Project” shall mean and refer to the condominium project established for, and
situated within Parcel 1 of the Parcel Map, pursuant to this Declaration. 
 1.33. “Regular Assessments” shall mean and refer to a
Regular Assessment determined and levied pursuant to Section 4.3A of this Declaration. 
 1.34. “Reimbursement Assessments”
shall mean and refer to a Reimbursement Assessment levied pursuant to Section 4.3C of this Declaration. 
 1.35. “Rules” shall
mean and refer to the rules adopted from time to time by the Association. 
 1.36. “Special Assessments” shall mean and refer to a
Special Assessment determined and levied pursuant to Section 4.3B of this Declaration. 
 1.37. “Unit(s)” shall mean and refer
to the elements of a Condominium in the Project, as defined in Section 2.2B, as a separate interest in space pursuant to Civil Code Section 1351(f), which is an element of the Project that is not owned in common with the other Owners. Each
Unit is identified by separate number on the Condominium Plan, preceded by the word “UNIT”. 
 ARTICLE 2 

DESCRIPTION OF PROJECT, DIVISION OF PROPERTY, 

AND CREATION OP PROPERTY RIGHTS 

2.1. Description of Property: The Project includes the Common Area, the Units, and all other improvements located thereon. Reference is
made to the Condominium Plan for further details. 
 2.2. Division of Property: The Project is divided as follows: 

A. Units: There are two (2) Units in the Project, which are designated and further shown and described on the Condominium Plan.
Each Unit consists of the airspace, land, building[s] and other improvements located and included within the boundaries of the Unit as shown on the Condominium Plan. Included within each Unit are all of the following. 

(1) Office Unit: The Office Building within the Office Unit and the airspace and land surrounding the Office Building, including the parking
garage within the boundaries of the Office Unit. The boundaries of the Office Unit shall be as shown on the Condominium Plan, with the dimensions of the garage portion of the Office Unit, where adjacent to the garage portion of the Hotel Unit being
to the interior unfinished surfaces of the garage located within the Office Unit. The Office Unit shall include all utility lines and utility facilities which serve the garage portion of the Office Unit, located exterior of the boundaries of the
Office Unit and within the Hotel Unit. The Owner of the Office Unit shall have an easement for access to such utility lines and utility facilities which serve the garage of the Office Unit. 

  
 B-7 

 (2) Hotel Unit: The Hotel Building within the Hotel Unit and the airspace and land surrounding
the Hotel Building and the parking garage located within the boundaries of the Hotel Unit. The boundaries of the Hotel Unit shall be as shown on the Condominium Plan, with the dimensions of the garage portion of the Hotel Unit, where adjacent to the
garage portion of the Office Unit being to the interior unfinished surfaces of the Office Building parking garage, with all structural portion and components of the garage, such as slabs, footing and other structural components being within the
Hotel Unit. 
 (3) Each Unit includes all improvements and utility installations located within its boundaries of which the Owner of that
Unit has exclusive use. 
 (4) The Units do not include those areas and those things which are defined as “Common Area” in
Section 1.7. 
 B. Common Area: That portion of the Project constituting the Common Area, shall include, without limitation, all
elements described in Section 1.7. Each Unit Owner shall have, as appurtenant to his, her or its Unit, a fifty per cent percent (50%) undivided interest in the Common Area as described in Section 2.4. Each Unit shall have appurtenant
to it nonexclusive rights for ingress, egress and support through the Common Area. 
 2.3. Exclusion, Encroachments: Each Unit is
subject to such encroachments as are contained in the Building, whether the same now exist or may be later caused or created in any manner referred to in Section 9.5. In interpreting deeds and plans, the then existing physical boundaries of a
Unit, whether in its original state or reconstructed in substantial accordance with the original plans thereof shall be conclusively presumed to be its boundaries rather than the boundaries expressed in the deed or plan, regardless of settling or
lateral movement of the Building and regardless of minor variance between boundaries shown on the Condominium Plan or deed, and those of the Building. 

2.4. Undivided Interests: The ownership of each Condominium in the Project shall include a Unit and a fifty percent (50%) undivided
interest in the Common Area. The Common Interest appurtenant to each Unit is declared to be permanent in character and cannot be altered without the consent of the Owners of both of the Units. Such Common Interest cannot be separated from the Unit
to which it is appurtenant. Each Owner of a Unit may use the Common Area in accordance with the purposes for which it is intended, in accordance with this Declaration and the Rules, without hindering the exercise of or encroaching upon the rights of
the other Owner. 
 2.5. No Separate Conveyance of Undivided Interests or Easements: The undivided Common Interests and easements
described in this Declaration which are established and are to be conveyed with the respective Units as indicated above, cannot be changed, except as set forth in this Declaration. Declarant, its successors, assigns and grantees covenant and agree
that the undivided Common Interests and easements in the Common Area and the fee title to the respective Units conveyed therewith, shall not be separated or separately conveyed, and each such undivided Common Interest and easement shall be deemed to
be conveyed or encumbered with its respective Unit even though the description in the instrument of conveyance or encumbrance may refer only to the fee title to the Unit. 

  
 B-8 

 2.6. Rights of Entry and Use: The Common Area shall be subject to the following rights of
entry and use: 
 A. The access rights of the Association to maintain, repair or replace improvements or property located in the Common Area
as described in Section 1.7. 
 B. The rights of the Owners, the Association, and the Declarant to install, maintain, repair or replace
utilities as described in Article 6. 
 C. The encroachment easements described in Section 9.5. 

D. The rights of Declarant during the construction period as described in Section 9.8. 

2.7. Structural and Support Easements: There shall be reserved and established for the use and benefit of the Owners of each the Office
Unit and the Hotel Unit, their successors and assigns, non-exclusive easements over and across the respective Units through those portions of the Project, including but not limited to, structural members, columns, beams and other supporting
components within the Project, necessary for structural support of the improvements located within each of the Units and in the Common Area. 

A. No Condominium Owner nor the Association shall take any action which would adversely affect the structural integrity or safety of the
improvements situated within the Project, including those improvements situated within any Condominium Unit. 
 B. If additional structural
support is required for a Condominium Unit then the Owner of the Condominium Unit which is affected thereby shall petition the other Unit Owner to establish the rights to undertake construction of such additional support as may be deemed required
for such Condominium Unit, the approval and consent to which shall not be unreasonably withheld or delayed, provided however, that any such additional support shall not materially interfere with the use and benefit of the other Unit. The costs of
any such additional structural support shall be borne by the Unit Owner who requests such additional structural support. 
 C. In the event
of damage or destruction of the improvements within the Project causing diminishment of structural support to a Unit in the Project, then the Association shall be responsible for undertaking, as a Common Expense, the repair or reconstruction of the
damaged or destroyed improvements, as set forth in Section 8.3 hereof, and for furnishing, as a Common Expense, such structural support to the Project, and each of the Condominium Units, pursuant and subject to the provisions of Article 8 of
this Declaration. 

  
 B-9 

 2.8. Partition Prohibited: The Common Area shall remain undivided as set forth in
Section 2.5. Except as provided by California Civil Code § 1359, or authorized under Sections 8.3 or 8.4, no Owner shall bring any action for partition, it being agreed that this restriction is necessary in order to preserve the rights of
the Owners with respect to the operation and management of the Project. Judicial partition by sale of a single Unit owned by two (2) or more persons and division of the sale proceeds is not prohibited hereby but partition of title of any Common
Interests in and to a single Unit is prohibited. 
 2.9. Easement – Trash Compactor Area: There shall be reserved and established
for the use and benefit of the Owner of the Office Unit, its tenants, agents, employees, successors and assigns, a non-exclusive easement for the use and enjoyment of the Trash Compactor located within the Hotel Unit, appurtenant to and for the
benefit of the Office Unit, including the rights of access over any portion of the driveways and pathways on or within the Hotel Unit land area as reasonable and necessary for access to Trash Compactor within the Hotel Unit by the Owner of the
Office Unit. 
 2.10. Easement – Office Courtyard Patio and Area: There shall be established for the use and benefit of the Owner
of Office Unit, its tenants, guests, agents, employees, successors and assigns, an exclusive easement for the use and enjoyment of the Courtyard located within the Hotel Unit, as described on Condominium Plan as the Office Courtyard Patio Easement
Area. Maintenance and repair of the Office Courtyard Patio shall be undertaken by the Owner of the Office Unit. Such maintenance and repair of the Office Courtyard Patio by the Owner of the Office Unit shall include all landscaping in the Courtyard
area and repair of any water leaks from the Courtyard into the Hotel Unit. 
 2.11. Easement – Access to Office Loading Dock:
There is reserved and established for the use and benefit of the Owner of the Office Unit, its tenants, occupants, agents, employees, successors and assigns, a non-exclusive easement for the vehicular and pedestrian access over and across the Hotel
Unit and the Hetch Hetchy Area for the purpose of access to the loading dock of the Office Unit by the Owner of the Office Unit, its successors, assigns, tenants and occupants. Maintenance and repair of the areas used for such access shall be
undertaken by the Owner of the Hotel Unit. 
 2.12. Easement – 20 Feet Hotel Ingress/Egress: There is reserved and established
for the benefit and use of the Owner of the Hotel Unit, its tenants, occupants, agents, employees, successors and assigns, a non-exclusive 20 ft. wide easement over and across that portion of the Office Unit, exterior of the Office Building along
the western boundary of land within the Office Unit for emergency vehicular and pedestrian access. 
 2.13. Easement – 20 Feet Office
Ingress/Egress: There is reserved and established for the benefit and use of the Owner of the Office Unit, its tenants, occupants, agents, employees, successors and assigns, a non-exclusive 20 ft. wide easement over and across that portion of
the Hotel Unit, exterior of the Hotel Building along the western boundary of land within the Hotel Unit for emergency vehicular and pedestrian access. 

  
 B-10 

 2.12. Access over Stairways: There is hereby reserved and established for the benefit of
the Owner of the Office Unit, its tenants, guests, agents, employees, successors and assigns, for the benefit of the Office Unit a non-exclusive easement over and across the stairways of the garage portion of the Hotel Unit from the stairways within
the garage portion of the Office Unit for pedestrian ingress and egress by the Owner of the Office Unit, its tenants, guests, agents, employees, successors and assigns. 

2.13. Maintenance and Construction Easements: Easements over each Condominium Unit and the Common Area are reserved by Declarant, and
hereby granted to the Association and each Unit Owner, for the purpose of performing such maintenance, repair and restoration, if any, as the Association or the Unit Owner may undertake in accordance with the provisions of this Declaration, and for
the purpose of maintaining Utility Facilities lying within the Project. 
 2.14. Easement – 7 Feet Utility: There is reserved and
established for the benefit and use of the Owner of the Hotel Unit, its tenants, occupants, agents, employees, successors and assigns, a non-exclusive utility easement that widens from 7 ft. to 45 ft. along El Camino Real, over and across that
portion of the Office Unit, exterior of the Office Building along the western boundary of land within the Office Unit for the purpose of providing access for utility lines that supply the Hotel Unit. 

2.17. Easement – 10 Feet Ingress/Egress: There is reserved and established for the benefit and use of the Owner of the Hotel Unit,
its tenants, occupants, guests, agents, employees, successors and assigns, a non-exclusive 10 ft. wide ingress/egress easement over and across that portion of the Office Unit, exterior of the Office Building along the northwestern boundary of the
Common Area for pedestrian and vehicular ingress and egress. 
 2.18. All Easements Part of Common Plan: Whenever any easements are
reserved or created or are to be reserved or created herein, such easements shall constitute equitable servitudes for the mutual benefit of all property in the Project, even if only certain Units are specifically mentioned as subject to or
benefiting from a particular easement, and when easements referred to herein are subsequently created by grant deeds, such easements are part of the common plan created by this Declaration for the benefit of all property Owners within the Project.

 ARTICLE 3 

ASSOCIATION 

ADMINISTRATION, MEMBERSHIP AND VOTING RIGHTS 

3.1. Association to Management: The management of the Project shall be vested in the Association to the extent stated in this
Declaration. The Owners covenant and agree that the administration of the Project shall be in accordance with the provisions of this Declaration. 

3.2. Membership: The Owner of a Unit shall automatically, upon becoming the Owner of the Unit, be a Member of the Association, and shall
remain a Member thereof until such time as his ownership in the Unit ceases for any reason, at which time his membership in the Association shall automatically cease. 

  
 B-11 

 3.3. Transferred Membership: Membership in the Association shall not be transferred,
encumbered, pledged, or alienated in any way, except upon the sale or encumbrance of the Condominium to which it is appurtenant, and then only to the purchaser, in the case of a sale, or mortgagee, in the case of any encumbrance of such Condominium.
On any transfer of title to an Owner’s Condominium, including a transfer on the death of an Owner, membership passes automatically with title to the transferee. A mortgagee does not have membership rights until it obtains title to the
Condominium by Foreclosure or deed in lieu thereof. Any attempt to make a prohibited transfer is void. No Member may resign his membership. On notice of a transfer, the Association shall record the transfer on its books. 

3.4. Voting Rights: The Owner of each Condominium shall have one (1) vote as a Member of the Association. 

ARTICLE 4 
 ASSESSMENTS
AND LIENS 
 4.1. Creation of the Lien and Personal Obligation of Assessments: The Declarant, for each Condominium within the
Project, hereby covenants, and each Owner of any Condominium, by acceptance of a deed for that Condominium, whether or not it shall be so expressed in such deed, covenants and agrees: 

 

	 	(a)	to pay to the Association all Regular Assessments, Special Assessments and Reimbursement Assessments, with such Assessments to be established and collected as subsequently provided in this Declaration, and

  

	 	(b)	to allow the Association to enforce any assessment lien established under this Declaration by nonjudicial proceedings under a power of sale or by any other means authorized by law. 

The Regular Assessments, Special Assessments and Reimbursement Assessments, together with interest, late charges, collection costs and
reasonable attorneys’ fees, shall be a charge on the Condominium and shall be a continuing lien upon the Condominium against which each such Assessment is made, the lien to become effective upon recordation of a notice of delinquent Assessment.
Each such Assessment, together with interest, late charges, collection costs, and reasonable attorneys’ fees, shall also be the personal obligation of the person who was the Owner of such Condominium at the time when the Assessment fell due.
The personal obligation for delinquent Assessments shall not pass to his successors in title unless expressly assumed by them. No Owner shall be exempt from liability for payment of Assessments by waiver of the use or enjoyment of any of the Common
Area, by the abandonment of the Owner’s Condominium, or for any other reason. 
 The interest of any Owner in the amounts paid pursuant
to any Assessment upon the transfer of ownership shall pass to the new Owner. Upon the termination of these covenants for any reason, any amounts remaining from the collection of such Assessments after paying all amounts properly charged against
such Assessments shall be distributed to the then Owners in the Project on the same pro rata basis on which the Assessments were collected. 

  
 B-12 

 4.2. Purpose of Assessments: The Assessments levied by the Association shall be used
exclusively to promote the economic interests, safety, and welfare of all of the Owners of Units in the Project, and the tenants and other occupants of such Units, and to enable the Association to perform its obligations hereunder. 

4.3. Assessments: 
 A.
Regular Assessments: The Members shall annually, by mutual agreement, establish and levy Regular Assessments on an annual basis in an amount that the Members estimate will be sufficient to raise the funds needed to perform the duties of the
Association during each fiscal year. The Regular Assessment shall include a portion for reserves in such amounts as the Members consider appropriate to meet the costs of the future repair, replacement or additions to the major improvements and
fixtures that the Association is obligated to maintain and repair. Reserve funds shall be deposited in a separate account and the signatures of at least two (2) persons, [who shall be representatives of each of the Members], shall be required
to withdraw monies from the reserve account. 
 B. Special Assessments: The Members, at any time, may levy a Special Assessment, by
mutually consent, in order to raise funds for unexpected operating or other costs, insufficient operating or reserve funds, to reimburse the Association for costs incurred, or such other purposes as the Members consider appropriate. Special
Assessments shall be allocated among the Units in the same manner as Regular Assessments. 
 C. Reimbursement Assessment: If one
Member asserts that the other Member is obligated to reimburse the Member for costs incurred by the Association in the repair of damage to the Common Areas and facilities for which the Member or the Member’s guests or tenants were responsible
and in bringing the Member and his Unit into compliance with the provisions of the Project Documents in the amount required to reimburse the Association for the actual costs incurred and the amounts incurred to enforce the Associations rights under
this Declaration as are then permitted by law, the Member who so asserts may levy a Reimbursement Assessment against the other Member to reimburse the Association. 

4.4. Division of Assessments: Both Regular Assessments and Special Assessment shall be levied equally between the Condominiums.
[Notwithstanding the foregoing, Allocation of Common Expense for the use of the trash compactor as a portion of the Regular Assessment to the Unit Owners shall be based on a reasonable approximation of the volume of use by each Unit Owner of the
trash compactor.] 
 4.5. Restrictions on Increases in Regular or Special Assessments: All votes for levying Regular Assessments on
any Condominium or for levying a Special Assessment [except for Reimbursement Assessments] shall require the vote or written assent of both Members of the Association. 

  
 B-13 

 4.6. Collection of Assessments: Regular Assessments shall be determined on an annual basis
as set forth in Section 4.3A of this Declaration, and shall be collected on a quarterly basis unless the Members agree otherwise. Special Assessments and Reimbursement Assessments may be collected in one (1) payment or periodically as the
Members agree. 
 4.7. Date of Commencement of Regular Assessment; Due Dates: The Regular Assessments provided for in this Declaration
shall commence as to all Condominiums in the Project on the first day of the month following the first conveyance of a Condominium to an Owner other than the Declarant. The first Regular Assessment shall be adjusted according to the number of months
remaining in the calendar year. Regular Assessments may be reduced or abated pursuant to a management agreement entered into between Declarant and Association. 

Subject to the provisions of Section 4.3 hereof, the Members shall fix the amount of the Regular Assessment against each Condominium and
send written notice thereof to every Owner at least forty-five (45) days in advance of each Regular Assessment period, provided that failure to comply with the foregoing shall not affect the validity of any Assessment levied by the Members. The
due dates shall be established by the Members. 
 4.8. Effect of Nonpayment of Assessments: Any Assessment not paid within fifteen
(15) days after the due date shall be delinquent, shall bear interest at the rate of twelve percent (12%) per annum commencing thirty (30) days after the due date until paid, and shall incur a late payment penalty in an amount to be
set by the Members from time to time, not to exceed the maximum permitted by applicable law. 
 4.9. Transfer of Condominium by Sale or
Foreclosure: Except as provided herein, the sale or transfer of any Condominium shall not affect the lien for the Assessment established pursuant to Section 4.10 hereof as to such sold or transferred Condominium. However, the sale of any
Condominium pursuant to Foreclosure of a First Mortgage shall extinguish the lien of any Assessments on that Condominium (including attorneys’ fees, late charges, or interest levied in connection therewith) as to payments which became due prior
to such sale or transfer (except for assessment liens as to which a notice of delinquent assessments has been recorded prior to the date of recordation of the First Mortgage). No amendment of the preceding sentence may be made without the consent of
both of the Owners of Condominiums and the consent of the Eligible Mortgage Holders holding First Mortgages on Condominiums comprising fifty-one percent (51%) of the Condominiums subject to First Mortgages. No sale or transfer shall relieve
such Condominium from liability for any Assessments thereafter becoming due or from the lien thereof. The unpaid share of such Assessments shall be deemed to be Common Expenses collectible from all of the Condominium Owners including such acquirer,
his successors or assigns. 

  
 B-14 

 If a Condominium is transferred, the grantor shall remain liable to the Association for all
unpaid Assessments against the Condominium through and including the date of the transfer. The grantee shall be entitled to a statement from the Association, dated as of the date of transfer, setting forth the amount of the unpaid Assessments
against the Condominium to be transferred and the Condominium shall not be subject to a lien for unpaid Assessments in excess of the amount set forth in the statement, provided, however, the grantee shall be liable for any Assessments that become
due after the date of the transfer. 
 4.10. Priorities; Enforcement; Remedies: If an Owner fails to pay an Assessment when due, the
Association, acting through the Member who is not delinquent in its Assessments, has the right, and option, to bring legal action against the Owner to enforce collection of the unpaid and past due Assessment, or may impose a lien on the Condominium
owned by Owner pursuant to the provisions of Civil Code § 1367, or both. Suit to recover a money judgment for unpaid Assessments and attorneys’ fees, shall be maintainable without foreclosing or waiving the lien securing the same. Before
the Association may place a lien upon a Condominium, pursuant to Civil Code § 1367(a), the Association shall notify the Owner in writing by Certified Mail of the fee and penalty procedures of the Association, provide an itemized statement of
the charges owed by the Owner, including the principal owed, any late charges, and the method of collection, any attorney’s fees, and the collection practices used by the Association, including the right of the Association to the reasonable
costs of collection. After compliance with the provisions of the Civil Code § 1367(a), the Association may record a notice of delinquent Assessment and establish a lien against the Condominium of the delinquent Owner prior and superior to all
other liens except (1) all taxes, bonds, assessments and other levies which, by law, would be superior thereto, and (2) the lien or charge of any First Mortgage of record (meaning any recorded mortgage or deeds of trust with first priority
over other mortgages or deeds of trust) made in good faith and for value. The notice of delinquent Assessment shall state the amount of the Assessment, collection costs, attorneys’ fees, late charges and interest, a description of the
Condominium against which the Assessment and other sums are levied, the name of the record Owner, and the name and address of the trustee authorized by the Association to enforce the lien by sale. The notice shall be signed by any Member or officer
of the Association or any management agent retained by the Association and shall be mailed in the manner set forth in Civil Code § 2924b to all record owners of the Condominium no later than ten (10) days after recordation. 

Thirty (30) days following the recordation of the assessment lien, it may be enforced in any manner permitted by law, including sale by
the court, sale by the trustee designated in the notice of delinquent Assessment, or sale by a trustee substituted pursuant to California Civil Code § 2934(a). Any sale by the trustee shall be conducted in accordance with the provisions of
§§ 2924, 2924b, 2924c, 2924f, 2924g, 2924h and 2924j of the California Civil Code applicable to the exercise of powers of sale in mortgages and deeds of trust, including any successor statutes thereto, or in any other manner permitted by
law. Nothing in this Declaration shall preclude the Association from bringing an action directly against an Owner for breach of the personal obligation to pay Assessments. 

In the event that the provisions of the Civil Code sections referenced in this Section 4.11 are amended or modified to change the
requirements or procedures for imposing, enforcing or foreclosing upon an assessment lien, then the provisions of this Section 4.11 shall be deemed amended and modified as required to conform to any such amendments or modifications of the
provisions of the Civil Code. 

  
 B-15 

 The Association, acting on behalf of the Condominium Owners, shall have the power to bid for the
Condominium at foreclosure sale, and to acquire and hold, lease, mortgage and convey the Condominium. 
 After acquiring title to the
Condominium at foreclosure sale following notice and publication, the Association may execute, acknowledge and record a deed conveying title to the Condominium which deed shall be binding upon the Owners, successors, and all other parties. 

4.11. Unallocated Taxes: In the event that any taxes are assessed against the Common Area, or the personal property of the Association,
rather than against the Units, said taxes shall be included in the Assessments made under the provisions of Section 4.1 and, if necessary, a special Assessment may be levied against the Units in an amount equal to said taxes, to be paid in two
(2) installments, thirty (30) days prior to the due date of each tax installment (or in more than two installments if any such tax is payable in more than two installments). 

ARTICLE 5 
 DUTIES AND
POWERS OF THE ASSOCIATION 
 5.1. Duties: In addition to the duties which may be enumerated elsewhere in this Declaration, and
without limiting the generality thereof, the Association shall perform the following duties: 
 A. Maintenance: The Association shall
maintain, repair, replace, restore, operate and manage, as a Common Expense, all of the Common Area, and all facilities (including Utility Facilities to the extent described in Section 6.3), improvements, furnishings, and equipment thereon, and
all property that may be acquired by the Association, excluding any facilities improvements, furnishings, and equipment which are to be maintained, repaired, replaced, restored, operated or managed by a Unit Owner pursuant to this Declaration. The
Unit Owners may elect to have one of the Unit Owners undertake the maintenance or repair of any portion of the Common Area instead of the Association, by unanimous vote or written ballot or written agreement between the Owners, the costs of which
will be shared equally by the Unit Owners, unless they agree otherwise. 
 (1) The responsibility of the Association for payment for
maintenance and repair shall not extend to repairs or replacements arising out of or caused by the willful or negligent act or omission of an Owner, or his guests, tenants or invitees. The Owner who is responsible for causing the need for such
repair or replacement shall reimburse the Association for the costs thereof as herein set forth. If the Owner fails to make such payment within thirty (30) days, then the Association may make such payment and shall charge the responsible Owner
therefore as a Reimbursement Assessment, which charge shall bear interest at the rate of twelve percent (12%) per 

  
 B-16 

 
annum (but no greater than the maximum rate allowed by law) until paid in full. Any repairs arising out of, or caused by, the willful or negligent act of an Owner, or his guests, tenants or
invitees, shall be made by the Association, unless the other Member requires the same to be made by the responsible Owner. 
 (2) The
planter located within the Common Area Driveway shall be maintained by the Owner of the Office Unit, at the cost and expense of the Owner of the Office Unit Owner, unless the Unit Owners agree otherwise. 

B. Insurance: The Association shall maintain such policy or policies of insurance as are required by Section 8.1 of this
Declaration. 
 C. Discharge of Liens: The Association shall discharge by payment, if necessary, any lien against the Common Area, and
charge the cost thereof to the Owner(s) responsible for the existence of the lien (after notice and a hearing, as provided in any Bylaws). 

D. Assessments: The Association shall fix, levy, collect and enforce Assessments as set forth in Article IV hereof. 

E. Payment of Expenses and Taxes: The Association shall pay all expenses and obligations incurred by the Association in the conduct of
its business including, without limitation, all licenses, taxes or governmental charges levied or imposed against the property of the Association. 

F. Enforcement: The Association shall be responsible for the enforcement of this Declaration. 

The Association shall operate the Common Area of the Project in accordance with all applicable municipal, state, and federal laws, statutes
and ordinances, as the case may be. The Association shall also, as a separate and distinct responsibility, insure that third parties (including Owners and their guests) utilize the Common Area in accordance with the aforementioned regulations. The
Association shall, when it becomes aware of any violation of the aforementioned regulations, expeditiously correct such violations. 
 5.2.
Powers: The Association shall have the following powers: 
 A. Utility Service: Subject to the affirmative vote or written
consent of both of the Unit Owners, the Association shall have the authority (but not the obligation) to obtain and provide services for the benefit of all [or some] of the Condominiums, and assess the Owners who are provided each service for
reimbursement of the costs of such services charge on the basis of the benefit of the services so rendered. 

  
 B-17 

 B. Easements: The Association shall have authority, by document signed or approved by both
of the Members to grant easements (in addition to those shown on the Map) or Condominium Plan, and/or referred to in Article VI, where necessary for utilities, cable television, drainage, venting, sewer facilities and other such facilities over the
Common Area to serve the Condominiums, and/or where necessary to satisfy or achieve appropriate governmental purpose or request. 
 C.
Manager: The Association may employ a manager or other persons and contract with independent contractors or managing agents to perform all or any part of the duties and responsibilities of the Association, except for the responsibility to
levy fines, impose discipline, hold hearings, file suit, record or foreclose liens, or make capital expenditures. 
 D. Access: For
the purpose of performing construction, maintenance or emergency repair for the benefit of the Common Area, or the Owners in common, the Association’s agents or employees shall have the right, after reasonable notice (not less than twenty-four
(24) hours except in emergencies) to the Owner thereof, to enter any Unit or to enter any portion of the Common Area at reasonable hours. Such entry shall be made with as little inconvenience to the Owner as practicable and any damage caused
thereby shall be repaired by the Association at the expense of the Association. 
 E. Assessments, Liens, Penalties and Fines: The
Association shall have the power to levy and collect Assessments in accordance with the provisions of Article IV hereof. 
 F.
Enforcement: The Association shall have the authority to enforce this Declaration as set forth in Article IX hereof. 
 G.
Contracts: The Association shall have the power to contract for goods and/or services for the discharge of its responsibilities. 
 H.
Delegation: The Association shall have the power to delegate its authority and powers to committees, officers or employees of the Association, or to a manager employed by the Association. 

I. Appointment of Trustee: The Association has the power to appoint or designate a trustee to enforce assessment liens by sale as
provided in Section 4.11 and California Civil Code § 1367(b). 
 ARTICLE 6 

UTILITIES 
 6.1
Owners’ Rights and Duties: The rights and duties of the Owners of Condominiums with respect to sanitary sewer, water, drainage, electric, gas, television receiving, telephone equipment, cables and lines, exhaust flues and heating and
air-conditioning facilities (hereinafter referred to, collectively, as “Utility Facilities”) shall be as follows: 

  
 B-18 

 A. Whenever Utility Facilities are installed within the Project, which Utility Facilities or any
portion thereof lie in or upon any portion of the Project owned by other than or in addition to the Owner of the portion of the Project served by said Utility Facilities, the Owners of (or their agents or employees, or agents or employees of the
Association) any portion of the Project served by said Utility Facilities shall have the right, and are hereby granted an easement to the full extent necessary therefor, (after reasonable notice, not less than twenty-four (24) hours except in
emergencies) to enter upon any portion of the Project or to have the utility companies enter upon any portion of the Project in or upon which said Utility Facilities, or any portion thereof, lie, to construct, reconstruct, repair, replace and
generally maintain said Utility Facilities as and when necessary. The exact location of said easements shall be determined by reference to the final as-built plans for the Project. 

B. Whenever Utility Facilities are installed with the Project which Utility Facilities serve more than one (1) Condominium in the Project,
the Owner of each Condominium served by said Utility Facilities shall be entitled to the full use and enjoyment of such portions of said Utility Facilities as service his, her or its Condominium. 

6.2. Easements for Utilities and Maintenance: Reciprocal non-exclusive easements are reserved, and are hereby established, over and
through the Project and all areas thereof, between the Owners, for the installation, repair, and maintenance of electric, telephone, water, gas, and sanitary sewer lines and facilities, exhaust, heating and air conditioning facilities, plumbing vent
pipes, communications, cable or master television antenna lines, drainage facilities, stairs, elevators, elevator shafts, service and utility room, as shown on the Map, as built, and as may be hereafter required or needed to service the Units or the
Common Area. 
 6.3. Maintenance Obligations: The maintenance of a Utility Facility shall be undertaken by the Owner of the Unit which
is served by such Utility Facility, or by the provider of such Utility Facility. 
 6.4. Hold Harmless: Each of the Owners shall hold
the other Owner and the Association harmless from all liability, damage, cost or expense, including without limitation, reasonable attorneys fees incurred by the Owner, arising out of the negligent acts or omissions of the Owner in the course of
their use of any of the easements in the Project which are created or reserved for the benefit of the Owner. 
 ARTICLE 7 

USE RESTRICTIONS 
 In
addition to all of the covenants contained herein, and the restrictions stated in the Center Declaration, the use of the Project and each Condominium therein is subject to the following: 

7.1. Condominium Use: No Condominium shall be occupied and used except for the commercial uses permitted and allowed under this
Declaration. 

  
 B-19 

 A. Office Unit. Unless both of the Owners agree otherwise, the Office Unit shall be used
for the purposes of a commercial office building in accordance with, and in compliance with, the requirements of the City for operation of a commercial office building. 

B. Hotel Unit. Unless the Owners agree otherwise, the Hotel Unit shall be used for the purposes of a commercial hotel in accordance
with, and in compliance with, the requirements of the City for operation of commercial hotel. The Hotel Unit shall be operated in conjunction with the Hetch Hetchy Area and the Adjoining Hotel Parcel. The Hotel Unit shall also be used for the BMR
Units in accordance with the requirements of the City. At such time as the BMR Units are no longer subject to the BMR Lease, as set forth in Section 9.15, the BMR Units may be used by the Hotel Unit Owner as additional hotel rooms, or as rental
residences. 
 7.2. Rate of Insurance. Nothing shall be done in any Unit which will materially increase the rate of insurance for the
Project, or any part of the Project, without the prior written consent of both of the Owners. Any such increase in the rate of insurance may be assessed against the Unit Owner causing such increase. No Owner of a Unit shall permit anything to be
done or kept in the Unit which will result in the cancellation of insurance on the Project or any part thereof, or which would be in violation of any law, regulation or administrative ruling. 

7.3. No Waste. No waste shall be committed in any Unit or in the Common Area. 

7.4. No Nuisance. No nuisances shall be committed in any Unit or in the Common Area. 

7.5. No Improper or Unlawful Use. No improper or unlawful use shall be made of the Project, or any part thereof, and all valid laws,
zoning ordinances, and regulations of governmental agencies having jurisdiction over the Project and the Units shall be observed, in all material respects. All laws, orders, rules regulations or requirements of any governmental agency having
jurisdiction over the Project shall be complied with by the Owners of the Units, in all material respects, at the sole expense of the Owner or the Association, whichever shall have the obligation to maintain or repair such portion of the Project,
and if the latter, then the costs of such compliance shall be a Common Expense of the Association. 
 7.6. No Obstructions. No Unit
Owner shall obstruct any of the Common Area, nor shall any Owner or occupant of a Unit place, or cause or permit anything to be placed, on or in any of the Common Area of the Project without the approval of the other Unit Owner. 

7.7. No Residential Use. No Unit shall be used for residential purposes; provided however, that the Hotel Unit may be used for
non-permanent residential occupancy by hotel guests consistent with the laws and regulations of the City for hotel uses. Notwithstanding the foregoing, the BMR Units may be used for residential use in accordance with the BMR Lease as described in
Section 9.15, or as may be permitted by the City. 

  
 B-20 

 7.8. Animals: No animals of any kind shall be raised or bred in any Unit, and no animals
shall be kept in any Unit, or on any portion of the Project with the exception of trained dogs used for assistance by visually impaired, hearing impaired or physically handicapped persons. 

7.9. Noise and Vibration: The permitted uses described in Section 7.1 shall be conducted under the following conditions: 

A. Noise: No facility shall produce noise at such levels as will be unreasonably offensive to Owners or occupants of any portion of the
Center, or which shall violate any noise control requirements or regulations of the City. 
 B. Vibration: Any equipment creating
vibrations shall be so located and mounted within the improvements on or within a Unit as to eliminate vibration hazard or nuisance beyond the boundary lines of the Unit in which such equipment is situated. 

7.10. Architectural Control: No construction or alteration of any improvements within a Unit which affects the exterior appearance of a
Building or the structure or mechanical components of the Building within a Unit in a manner that will materially impact the structural properties of the other Unit shall occur, until the same has been submitted in writing to the other Unit Owner,
and approved by the other Unit Owner, which approval shall not be unreasonably refused or delayed. 
 A. Notwithstanding the foregoing, no
permission or approval shall be required to decorate, paint or repaint the interiors of a Building within a Unit. No such permission or approval shall be required to repaint or rebuild a Unit in accordance with Declarant’s original plans and
specifications. 
 B. Before commencement of any alteration or improvements, the Owner shall comply with all appropriate governmental laws
and regulations. 
 7.11. Liability of Owners for Damage to Common Area: The Owner of each Unit shall be liable to the Association for
all damages to the Common Area or improvements to the extent described in Section 5.1A. 
 7.12. Common Area Use: Nothing shall
be stored, grown, or displayed in the Common Area that is not approved in advance by the Members. 
 7.13. Trash Disposal and Trash
Compactor: All rubbish, trash and garbage shall be regularly removed from the Units and from the Common Area, and shall not be allowed to accumulate in an unreasonable or unhealthy manner. Trash, garbage and other waste shall only be kept in
sanitary containers. All equipment for the storage or disposal of such materials shall be kept in a clean and sanitary condition in accordance with the Rules. The Association shall be responsible for removal of garbage, trash and recycling from the
trash compactor located in the Hotel Unit, as a Common Expense. [Allocation to the Unit Owners of the Common Expense for removal of garbage, trash and recycling from the trash compactor as a portion of the Regular Assessment shall be based

  
 B-21 

 
on a reasonable approximation of the volume of use by each Unit Owner of the trash compactor.] No toxic or hazardous materials shall be discarded within the Project or the Center by dumping in
the garbage chutes or containers, down the drains, or otherwise. No refuse collection may occur before 6:00 A.M. 
 7.14. Parking:
Parking by tenants, guests, occupants and other users of the Hotel Building or the Office Building shall be limited to the parking spaces and garage areas within the Unit in which the respective Building is located. The parking spaces within the
area which is designated as the Common Area Driveway Area shall be used by the Owner of the Hotel Unit. 
 7.15. Deliveries: No
deliveries shall be permitted within the Project earlier than 7:00 A.M. 
 ARTICLE 8 

INSURANCE; DAMAGE OR DESTRUCTION; CONDEMNATION 

8.1. Association Insurance: The Association shall obtain and maintain the following insurance: 

A. A policy of casualty insurance insuring for repair and replacement of improvements within the Common Area in such amounts and types of
coverage as the Owners mutually agree as being prudent based upon the nature of the improvements within the Common Area. 
 B. An occurrence
version comprehensive general liability policy insuring the Association, its agents, and the Owners against liability incident to the ownership or use of the Common Area or any other Association owned or maintained real or personal property; the
amount of general liability insurance which the Association shall carry at all times shall be not less than Two Million Dollars ($2,000,000) and in no event less than the minimum amounts required by California Civil Code §§ 1365.7 and
1365.9; 
 C. Workers’ compensation insurance to the extent required by law (or such greater amount as the Members deem necessary); the
Association shall obtain a Certificate of Insurance naming it as an additional insured in regard to workers’ compensation claims from any independent contractor who performs any service for the Association, if the receipt of such a certificate
is practicable; 
 D. Fidelity bonds or insurance covering officers, directors, and employees that have access to any Association funds; 

E. Officers and directors liability insurance in the minimum amounts required by California Civil Code §1365.7; and 

F. Liability for non-owned and hired automobiles, such other insurance as the Members considers necessary or advisable. 

  
 B-22 

 Each Owner appoints the Association or any insurance trustee designated by the Association to act
on behalf of the Owners in connection with all insurance matters arising from any insurance policy maintained by the Association, including without limitation, representing the Owners in any proceeding, negotiation, settlement or agreement. 

Any insurance maintained by the Association shall contain “waiver of subrogation” as to the Association and its officers, directors
and Members, the Owners and occupants of the Condominiums and mortgagees, and, if obtainable, a cross-liability or severability of interest endorsement insuring each insured against liability to each other insured. The Association shall periodically
(and not less than once every three (3) years) review all insurance policies maintained by the Association to determine the adequacy of the coverage and to adjust the policies accordingly. The Association shall make available to all Members a
copy of the Association’s insurance policies. The Association shall have no liability to any Owner or mortgagee if, after a good faith effort, it is unable to obtain the insurance required hereunder, because the insurance is no longer available
or, if available, can be obtained only at a cost that the Members determine is unreasonable under the circumstances, or the Members fail to approve any Assessment increase needed to fund the insurance premiums. 

8.2. Owner’s Insurance: Each Owner of a Unit shall insure the improvements within its Unit and its personal property against loss
and shall at all times maintain in effect reasonable amounts of personal liability insurance, in accordance with this Declaration. 
 A.
Standards for insurance: 
 (1) Each Owner of a Unit shall obtain, at such Owner’s expense, for at least the full replacement value
thereof, covering the Unit, and all improvements within the Unit, including the mechanical equipment and appliances, fixtures, interior partitions and partition walls, furniture, wallcoverings, floorcoverings, and furnishings within the Unit and any
improvements, betterments and additions made to the Unit by such Owner, or its predecessors; 
 (2) Personal liability insurance shall be in
an amount of not less than Two Million Dollars ($2,000,000); 
 (3) All individually owned insurance shall contain a waiver of subrogation
as to the Association and its officers, directors and Members, the Owners and occupants of the Condominiums and mortgagees, and all Members are deemed to have waived subrogation rights as to the Association and/or other Members, whether or not their
policies so provide. 
 8.3. Damage or Destruction: If Project improvements are damaged or destroyed by fire or other casualty, the
improvements shall be repaired or reconstructed pursuant to and in accordance with the provisions of this Section 8.3. 
 A. If the
improvements within a Unit, or any portion thereof, are damaged or destroyed, the Unit Owner shall repair, restore or raze the improvements within the Unit within a reasonable period of time to the state and condition that the improvements within
the Unit prior to the damage or destruction. 

  
 B-23 

 B. If the Common Area is damaged or destroyed, then the Association shall repair or restore the
improvements within the Common Area to the state and condition of the improvements within the Common Area prior to the damage or destruction. In the event that insurance proceeds and other funds available to the Association for affecting the
required repairs of the Common Area are not adequate to complete such repair, the Members shall consider levying a Special Assessment to and against each of the Condominium Units for the costs of such repairs that are not so covered by insurance
proceeds. 
 C. Repair to Exclusive Use Easement Area. Repair to all elements, equipment and facilities located within any Exclusive Easement
Areas shall be the responsibility of the Unit Owner that has been granted the use and benefit of such Exclusive Easement Area. 
 8.4
Repair Work. Any repair which is required hereunder shall be undertaken in accordance with the original as-built plans and specifications for the Project, and the particular improvements, modified as may be required by applicable building
codes and regulations in force at the time of such repair. 
 A. In the event of damage to more than one Condominium Unit, the Owners shall
each cooperate in the repair and reconstruction of their improvements and areas of responsibility by coordination of repair work and providing access where necessary over and across the respective Condominium Units and Common Area. The Association
shall cooperate by coordination of repair within the Common Area, and providing such access over and across the Common Area as reasonably necessary for the Condominium Owners to effect such repair as they are required or permitted to undertake or
cause hereunder. 
 8.5. Completion of Repairs. Repairs to the Project are to be undertaken and completed as promptly as reasonably
possible under the circumstances, subject to delays that are beyond the reasonable control of the Association and the Owners. Any repair of improvements within a Condominium Unit shall be completed no later than two (2) years after the date of
the casualty, subject to reasonable delays that are beyond the control of the party responsible for making the Repairs. If repairs to a Condominium Unit, or a portion thereof, require that repairs be first made to the Common Area or to other Unit,
then the requirements of a Condominium Owner to complete such repair shall be subject to and contingent upon those repairs being made. The Association and the Condominium Owners shall take all appropriate steps before all repair is completed to
erect necessary structures and take such precautions as are reasonable to preclude unauthorized access to the damaged areas of the Project or Condominium Units, and otherwise mitigate dangerous or hazardous conditions within the Project. To the
extent which is reasonable and feasible, the Association and the Condominium Owners shall coordinate their work of repair and restoration of the portions of the Project for which they are responsible to repair or restore under this Declaration. 

  
 B-24 

 A. If the Owner of the Hotel Unit fails to commence and complete repairs to the improvements
within the Hotel Unit in a reasonable manner and within a reasonably period of time, that reasonably permits the Owner of the Office Unit to repair and use the garage portion of the Office Unit that is located beneath the Hotel Unit for parking
vehicles in a manner that complies with the requirements of the City for use of the Office Unit, then the Hotel Unit shall make and render available to the Owner of the Office Unit as a continuing right and license until such garage facility parking
is completed and made available for use by the Owner of the Office Unit, sufficient area of land within the Hotel Unit to provide parking for the Office Unit. 

8.6 Condemnation: If Project improvements are the subject of a condemnation action or eminent domain proceedings, any such action or
proceedings shall be subject to the provisions of this Section 8.6. 
 A. The Association shall represent the Owners of the Project in
any condemnation proceedings or in negotiations, settlements and agreements with the condemning authority for acquisition of the Common Area, or part thereof. In the event of a taking or acquisition of part or all of the Common Area by a condemning
authority, the award or proceeds of settlement shall be payable to the Association, or any trustee appointed by the Association, for the use and benefit of the Owners and their mortgagees as their interests may appear. 

B. In the event of any condemnation proceedings or action which affects only one of the Units, the Owner of that Unit shall be entitled to
represent itself with respect to such proceedings or action. If such proceedings or action affects both of the Units, including any easement rights, rights of use or rights of support over any portion of the Project, then both Unit Owners shall be
entitled to represent their respective interests in such proceedings or action. In the event of an award for the taking of all or a portion a Condominium Unit in the Project by eminent domain, the Owner of such Condominium Unit shall be entitled to
receive the award for such taking. The Owners shall decide by majority vote whether to rebuild or repair the Project, or take other action. The remaining portion of the Project shall be resurveyed, if necessary, and this Declaration shall be amended
to reflect such taking and to readjust proportionately the percentages of undivided interest of the remaining Owners in the Project. Proceeds of condemnation shall be distributed among Owners of Condominiums and their respective mortgagees according
to the relative values of the Condominiums affected by the condemnation. 
 C. If there is a taking of substantially all of the Project, the
Owners may terminate the legal status of the Project and, if necessary, bring a partition action under California Civil Code § 1359 or any successor statute, on the election to terminate by both of the Owners and the approval of Eligible
Mortgage Holders holding mortgages on Condominiums which have at least fifty-one percent (51%) of the votes of Condominiums subject to Eligible Holder Mortgages. The proceeds from the partition shall be distributed to the Owners and their
respective mortgagees in proportion to the fair market values of their Condominiums. 

  
 B-25 

 ARTICLE 9 

GENERAL PROVISIONS 
 9.1.
Enforcement: The Association, or any of its Members, shall have the right to enforce, by any proceeding at law or in equity, all restrictions, conditions, covenants, reservations, liens, and charges now or hereafter imposed by the provisions
of this Declaration, and in such action shall be entitled to recover reasonable attorneys’ fees as are ordered by the Court. Failure by the Association or by any Owner to enforce any covenant or restriction herein contained shall in no event be
deemed a waiver of the right to do so thereafter. 
 9.2. Invalidity of Any Provision: Should any provision or portion hereof be
declared invalid or in conflict with any law of the jurisdiction where this Project is situated, the validity of all other provisions and portions hereof shall remain unaffected and in full force and effect. 

9.3. Term: The covenants and restrictions of this Declaration shall run with and bind the Project, and shall inure to the benefit of and
shall be enforceable by the Association or the Owner of any property subject to this Declaration, their respective legal representatives, heirs, successors, and assigns, for a term of seventy-five (75) years from the date this Declaration is
recorded, after which time they shall be automatically extended for successive periods of ten (10) years, unless an instrument in writing, signed by both of the then Owners of the Condominiums, has been recorded within the year preceding the
beginning of each successive period of ten (10) years, agreeing to change covenants and restrictions in whole or in part, or to terminate the same. 

9.4. Amendments: Any amendment of this Declaration must be approved in writing by the Owners of both the Condominiums in the Project and
must be certified in a writing executed and acknowledged by the President or Vice President of the Association and recorded and shall become effective upon being recorded in the Recorder’s office of the County of Santa Clara. 

The foregoing notwithstanding, the following conditions and restrictions contained in this Declaration may not be amended without approval in
writing from the City of Los Altos: 
 A. From Section 7.13. Trash Disposal and Trash Compactor: No refuse collection may occur
before 6:00 A.M. 
 B. Section 7.15. Deliveries: In its entirety. 

C. Section 9.15. BMR Units: In its entirety. 

D. Section 9.16. Limitation on Access to Ray Avenue: In its entirety. 

E. Section 9.17. Limitation on Use of Sports Court: In its entirety. 

F. Section 9.18. Limitation on Use of Barbeque Area: In its entirety. 

  
 B-26 

 Additionally, this Section 9.4 of the Declaration may not be amended without approval in
writing from the City of Los Altos. 
 9.5. Encroachment Rights: If any portion of the Common Area encroaches on any Unit or any
portion of a Unit encroaches on the Common Area or the other Unit, due to engineering errors, errors or adjustment in original construction, reconstruction, repair, settlement, shifting, or movement of the Building, or any other cause, there shall
be valid easements for the encroachments as long as the encroachments shall exist, and the rights and obligations of Owners shall not be altered in any way by the encroachment, settlement or shifting; provided, however, that in no event shall a
valid easement for encroachment be created in favor of an Owner or Owners if the encroachment occurred due to the intentional conduct of the Owner or Owners other than adjustments by Declarant in the original construction. In the event the structure
is partially or totally destroyed, and then repaired or rebuilt, the Owners agree that minor encroachments over adjoining Condominiums or Common Area shall be permitted and that there shall be valid easements for the maintenance of the encroachments
so long as they shall exist. In the event that an error in engineering, design or construction results in an encroachment of a Unit into the Common Area, a correcting modification may be made in the subdivision map and/or Condominium Plan. Said
modification may be in the form of a certificate of correction and shall be executed by Declarant (so long as Declarant is the sole Owner of the Project) and by Declarant’s engineer (in the case of a Condominium plan) and, in addition, by the
city engineer (in the case of a subdivision map or parcel map). The Members, by vote or written approval, may authorize the execution of the certificate of correction. 

9.6. Rights of First Lenders: No breach of any of the covenants, conditions and restrictions herein contained, nor the enforcement of
any lien provisions herein, shall render invalid the lien of any First Mortgage on any Unit made in good faith and for value, but all of said covenants, conditions and restrictions shall be binding upon and effective against any Owner whose title is
derived through Foreclosure or trustee’s sale, or otherwise. Notwithstanding any provision in the Project Documents to the contrary, First Lenders shall have the following rights: 

A. Copies of Project Documents: The Association shall make available to Owners of Units and First Lenders, and to holders, insurers or
guarantors of any First Mortgage, current copies of this Declaration, any Bylaws, any Rules, and the books, records and financial statements of the Association. “Available” means available for inspection and copying, upon request, during
normal business hours or under other reasonable circumstances. The Association may impose a fee for providing the foregoing which may not exceed the reasonable cost to prepare and reproduce the requested documents. 

B. Audited Statement: Any holder, insurer or guarantor of a First Mortgage shall be entitled, upon written request, to an audited
financial statement for the immediately preceding fiscal year, free of charge to the party so requesting. Such statement shall be furnished within a reasonable time following such request. 

  
 B-27 

 C. Notice of Action: Upon written request to the Association, identifying the name and
address of the Eligible Mortgage Holder or Eligible Insurer or Guarantor, and the Unit number or address, such Eligible Mortgage Holder or Eligible Insurer or Guarantor will be entitled to timely written notice of: (1) any condemnation loss or
any casualty loss which affects a material portion of the Project or any Unit on which there is a First Mortgage held, insured, or guaranteed by such Eligible Mortgage Holder or Eligible Insurer or Guarantor, as applicable; (2) any default in
performance of obligations under the Project Documents or delinquency in the payment of Assessments or charges owed by an Owner of a Unit subject to a First Mortgage held, insured or guaranteed by such Eligible Mortgage Holder or Eligible Insurer or
Guarantor, which remains uncured for a period of sixty (60) days; (3) any lapse, cancellation or material modification of any insurance policy or fidelity bond maintained by the Association; (4) any proposed action which would require
the consent of a specified percentage of Eligible Mortgage Holders as specified in Section 9.6D. The Association shall discharge its obligation to notify Eligible Mortgage Holders or Eligible Insurers or Guarantors by sending written notices
required herein to such parties, at the address given on the current request for notice, in the manner prescribed by Section 9.11.* 

D. Consent to Action: 

(1) Except as provided by statute or by other provision of the Project Documents in case of substantial destruction or condemnation of the
Project: 
 (a) The consent of both of the Owners of Units and the approval of Eligible Mortgage Holders holding mortgages on Units which
have at least sixty-seven percent (67%) of the voting power of Units subject to Eligible Holder Mortgages, shall be required to terminate the legal status of the Project as a Condominium Project; 

(b) The consent of both of the Owners of Units and the approval of Eligible Mortgage Holders holding mortgages on Units which have at least
fifty-one percent (51%) of the voting power of the Units subject to Eligible Holder Mortgages, shall be required to add or amend any material provisions of the Project Documents which establish, provide for, govern or regulate any of the
following: (i) voting; (ii) Assessments, assessment liens or priority of such liens; (iii) reserves for maintenance, repair and replacement of the Common Area(s) (or Units if applicable); (iv) insurance or fidelity bond;
(v) rights to use of Common Areas; (vi) responsibility for maintenance and repair of the several portions of the Project; (vii) expansion or contraction of the Project or the addition, annexation or withdrawal of property to or from
the Project (except as provided in paragraph D(1) above); (viii) redefinition of boundaries of any Unit, except in accordance with this Declaration; (ix) reallocation of interests in the Common Areas or rights to their use, except in
accordance with this Declaration; (x) convertibility of Units into Common Areas or of Common Areas into Units; (xi) imposition of any right of first refusal or similar restriction on the right of an Owner to sell, transfer, or otherwise
convey its, his or her Unit; (xii) any provisions which are for the express benefit of mortgage holders, Eligible Mortgage Holders, or Eligible Insurers or Guarantors of First Mortgages on Units; (xiii) restoration or repair of the Project
(after a hazard damage or partial condemnation) in a manner other than specified herein; 

  
 B-28 

 (c) An Eligible Mortgage Holder who receives a written request to approve additions or
amendments who does not deliver or post to the request party a negative response within thirty (30) days after the notice of the proposed addition or amendment shall be deemed to have approved such request, provided the notice has been
delivered to the mortgage holder by certified or registered mail, return receipt request. 
 (2) Except as provided by statute in case of
condemnation or substantial loss to the Units and/or common elements of the Project, unless the holder(s) of at least two-thirds (2/3) of the First Mortgages (based upon one (1) vote for each First Mortgage owned), or both of the Owners of
the Condominiums have given their prior written approval, the Association and/or the Owners shall not be entitled to: 
 (a) By act or
omission, seek to abandon or terminate the Project (except for abandonment or termination provided by law in the case of substantial destruction by fire or other casualty or in the case of a taking by condemnation or eminent domain); 

(b) Change the pro rata interest or pro rata obligations of any individual Unit for the purpose of: (i) levying Assessments or charges or
allocating distributions of hazard insurance proceeds or condemnation awards, or (ii) determining the pro rata share of ownership of each Unit in the Common Area; provided that no Owner’s undivided interest in the Common Area may be
changed without the consent of that Owner; 
 (c) Partition or subdivide any Unit: 

(d) By act or omission, seek to abandon, partition, subdivide, encumber, sell or transfer the Common Area. (The granting of easements for
public utilities or for other public purposes consistent with the intended use of the Common Area by the Condominiums shall not be deemed a transfer within the meaning of this clause); 

(e) Use hazard insurance proceeds for losses to any Condominium property (whether to Units or to Common Area) for other than the repair,
replacement or reconstruction of such property. 
 E. Right of First Refusal: The right of an Owner to sell, transfer, or otherwise
convey his or her Unit shall not be subject to any right of first refusal or similar restriction. 
 F. Reserves: Condominium dues or
charges shall include an adequate reserve fund for maintenance, repairs, and replacement of those Common Area improvements which the Association is obligated to maintain and that must be replaced on a periodic basis, and shall be payable in regular
installments of the Regular Assessments, rather than by Special Assessments. 
 G. Priority of Liens: Any lien created under the
provisions of this Declaration is expressly made subject and subordinate to the lien and encumbrance of any First Mortgage that encumbers all or any portion of the Project, or any Unit. Each holder of a First Mortgage lien on a

  
 B-29 

 
Condominium who comes into possession of the Condominium by virtue of Foreclosure of the First Mortgage, or any purchaser at a foreclosure sale under a first deed of trust, will take the
Condominium free of any claims for unpaid Assessments and fees, late charges, fines or interest levied in connection with such claims, against the Condominium which accrue prior to the time such holder takes title to the Condominium, except for
claims for a pro rata share of such Assessments or charges to all Condominiums including the mortgaged Condominium, and except for assessment liens as to which a notice of delinquent assessment has been recorded prior to the First Mortgage. 

H. Distribution of Insurance or Condemnation Proceeds: No provision of the Project Documents gives an Owner, or any other party,
priority over any rights of First Lenders in the case of a distribution to Owners of insurance proceeds or condemnation awards for losses to or taking of Units and/or Common Area. 

I. Status of Loss to Facilitate Resale: Any First Mortgage given to secure a loan to facilitate the resale of a Condominium after
acquisition by foreclosure or by a deed in lieu of foreclosure or by an assignment in lieu of foreclosure, shall be deemed to be a loan made in good faith and for value and entitled to all of the rights and protections of Mortgages under this
Declaration. 
 9.11. Notice: Any notice permitted or required by this Declaration of the Association may be delivered either
personally or by mail. If delivery is by mail, first class or registered, it shall be deemed to have been delivered seventy-two (72) hours after a copy of the same has been deposited in the United States mail, first class, postage prepaid,
addressed to the person to be notified at the current address given by such person to the Association, or addressed to the Unit of such person if no address has been given to the Association. 

9.12. Alternative Dispute Resolution: 

A. Prior to initiating the prosecution of a civil action solely for declaratory relief or injunctive relief to enforce the Project Documents,
or for declaratory relief or injunctive relief to enforce the Project Documents in conjunction with a claim for monetary damages not in excess of five thousand dollars ($5,000), the Association and the Unit Owners shall endeavor to submit the matter
to alternative dispute resolution in compliance with the provisions of Section 1354(b) of the California Civil Code. 
 B. The
Association shall comply with the requirements of California Civil Code Section 1354(i) by providing Members of the Association annually with a summary of the provisions of California Civil Code Section 1354, including the following
language: “Failure by any Member of the Association to comply with the pre-filing requirements of Section 1354 of the Civil Code may result in the loss of your rights to sue the Association or another Member of the Association regarding
enforcement of the governing documents.” 

  
 B-30 

 C. Any dispute between the Owners under this Declaration or with respect to the operation of the
Project, or their respective rights and duties under this Declaration (“Dispute”), shall be resolved by the Owners first seeking to resolve the dispute by mediation. If mediation fails to resolve the dispute, then the Owners shall submit
the dispute to binding arbitration as hereinafter set forth: 
 (1) Mediation. If the Dispute cannot be resolved by negotiations among the
parties involved, in the judgment of any party involved therewith that efforts at negotiations have not yielded sufficient progress to encourage further and continued negotiations, the parties to the Dispute shall submit the Dispute to mediation by
a mediator mutually selected by the parties involved with the Dispute. 
 (a) Such mediator shall be a party experienced with the process of
professional mediation in commercial real estate matters, who shall be impartial, independent and neutral, and who has no history of relationship with any party to the Dispute, except to the extent disclosed and agreed upon by all parties involved
with the Dispute. If the parties are unable to agree upon a mediator within thirty (30) days from the date of service by any party upon the other parties of a notice to mediate, then the mediator shall be appointed under the procedure
stipulated in the Rules of Commercial Mediation of the American Arbitration Association (“AAA”). 
 (b) The parties reserve no
more than five (5) business days for the mediation process. If the dispute is not resolved within the reserved time period, the parties shall be required to resolve such Dispute by arbitration as set forth below. 

(2) Arbitration. If a Dispute is not resolved by Mediation as set forth above, then any Dispute shall be resolved, at the request of any party
to this agreement, by final and binding arbitration conducted at a location determined by the arbitrator in Los Altos, California, or such other location as the parties may agree, administered, unless the parties agree otherwise, by and in
accordance with the then existing rules and procedures of the American Arbitration Association (“AAA”), Commercial Arbitration Rules, and judgment upon any award rendered by the arbitrator may be entered by any state or federal court
having jurisdiction thereof. 
 (a) Selection of Arbitrator. The parties shall select and appoint a single Arbitrator by mutual agreement.
If the parties have not agreed within ten (10) days of the notice of intention to arbitrate on the selection of an arbitrator willing to serve, then AAA shall appoint a qualified Arbitrator to serve within thirty (30) days after notice of
either party to AAA that the parties were unable to select an arbitrator. (Any arbitrator chosen to serve in accordance with this subsection (a) is referred to herein as the “Arbitrator”.) The Arbitrator shall be neutral and
impartial. The Arbitrator shall be fully active in the Arbitrator’s occupation or profession and knowledgeable as to the subject matter. The foregoing shall not preclude otherwise qualified retired lawyers or judges. 

(b) Compensation. The Arbitrator shall be fully compensated for all time spent in connection with the arbitration proceedings, in accordance
with a reasonable hourly rate, for all time spent with the arbitration proceedings. Pending final award, the Arbitrator’s compensation and expenses shall be advanced equally by the Parties. 

  
 B-31 

 (c) Fees and Costs. As soon as practicable after selection of the arbitrator, the arbitrator or
his or her designated representative shall determine a reasonable estimate of anticipated fees and costs of the arbitrator, and render a statement to each party setting forth that party’s prorata share of said fees and costs. Thereafter, each
party shall, within ten (10) days of receipt of said statement, deposit said sum with the arbitrator. Failure of any party to make such a deposit shall result in a forfeiture by the non-depositing party of the right to prosecute or defend the
claim which is the subject of the arbitration, but shall not otherwise serve to abate, stay or suspend the arbitration proceedings. 
 (d)
Discovery. The arbitrator shall have discretion to order a pre-hearing exchange of information by the parties, including without limitation, production of requested documents, exchange of summaries of testimony, of proposed witnesses, and
examination by deposition of parties, and other such discovery the Arbitrator deems appropriate under the circumstances, taking into account the needs of the parties and the desirability of making discovery expeditious and cost-effective. 

(e) Award. The Arbitrator shall promptly (within 60 days of the conclusion of the proceedings, or such longer period as to which the parties
mutually agree) determine the claims of the parties, and render a final award in writing, providing a concise statement of the general basis of his or her conclusions. The Arbitrator may award all or part of a party’s reasonable attorneys’
fees and costs of arbitration, taking into account the final result of the arbitration, the conduct of the parties and other relevant factors. The Arbitrator may not award punitive damages, indirect, consequential, or special damages. 

(f) Judgment. A judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. 

9.13. Execution and Delivery of Instruments: Any party which is subject to the terms of this Declaration, whether such party is an
Owner, a lessee or sublessee of an Owner, an occupant of a Unit, a Member or officer of the Association, or otherwise, shall, upon prior reasonable written request at the expense of any such other party requesting the same, execute, acknowledge and
deliver to such other party such instruments, in addition to those specifically provided for herein, and take such other action as such other party may reasonably request to effectuate the provisions of this Declaration or of any transaction
contemplated herein or to confirm or perfect any right to be created or transferred hereunder or pursuant to any such transaction. 
 9.14.
Number; Gender: The singular and plural number and masculine, feminine and neuter gender shall each include the other where the context requires. 

9.15. BMR Units: The BMR Units shall be leased by the Owner of the Hotel Unit to a non-profit entity for rental to qualified occupants
pursuant to the City “below-market” rate residences program subject to a lease between the Hotel Unit Owner and the non-profit entity (“BMR Lease”). The BMR Units are to be provided parking in a portion of the Hotel Unit garage.
At such time as the BMR Units are no longer subject to the BMR Lease, the BMR Units may be used by the Hotel Unit Owner as additional hotel rooms or as rental residences, subject to approval by the City of Los Altos. 

  
 B-32 

 9.16. Limitations on Access to Ray Avenue: There shall be no access to Ray Avenue which
adjoins the Project from the Hotel Unit by any hotel occupants, guests, or employees. The Hotel Unit Owner shall establish procedures to limit pedestrian access to Ray Avenue solely to occupants of the BMR Units. There shall be no vehicular access
to and from Ray Avenue to the Project, with the exception of emergency vehicles. 
 9.17. Limitation on Use of Sports Court: The hours
of use for the sports court of the Hotel Unit shall be limited everyday to 9:00 AM to 9:00 PM. 
 9.18. Limitation on Use of Barbeque
Area: The hours of use for the barbeque area of the Hotel Unit shall be limited to 9:00 AM to 9:00 PM, one day per week. Notwithstanding the foregoing, the occupants of any BMR Unit shall be allowed use of the barbeque area any day of the week
between the hours of 9:00 AM and 9:00 PM other than that day the occupants of the remainder of the Hotel Unit use the barbeque area. 

IN WITNESS WHEREOF, the undersigned, being the Declarant herein, has executed this Declaration this
            day of             , 2000. 

Los Altos—El Camino Associates, LLC, a California limited liability company, 
  

			
	 By:
	 	 
		 	Peter Pau
		 	Its Manager

  
 B-33 

			
	 STATE OF CALIFORNIA
	  	)
		  	) ss.
	 COUNTY
OF                    
	  	)

 On this             day of
            , 2000, before me,             , a notary public for the state, personally appeared
            , known to me or proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that
he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 

WITNESS my hand and official seal. 

			
	 	  	
	 Notary Public, State of California
	  	

  
 B-34 

 EXHIBIT C – RULES AND REGULATIONS 

4440 El Camino Building • 4440 El Camino Real • Los Altos, California 

1. Reserved. 
 2.
Reserved. 
 3. Obstructions. Tenant will not cause the Outside Areas, Condominium Common Areas, or sidewalks or driveways
outside the Building to be obstructed. Landlord may, at Tenant’s expense, remove any such obstruction without prior notice to Tenant. 

4. Trash. Tenant may not litter in the Outside Areas, or sidewalks or driveways outside the Building. 

5. Public Safety. Tenant will not throw anything out of doors, windows or skylights, down passageways or over walls. Tenant will not use
any fire exits or stairways in the Building except in case of emergency. 
 6. Keys and Locks. Landlord may from time to time install
and change locks on entrances to the Project, Building, and will provide Tenant a number of keys to meet Tenant’s reasonable requirements. Additional keys will be furnished by Landlord at Tenant’s cost. At the end of the Term, Tenant will
promptly return to Landlord all keys for the Building issued by Landlord to Tenant. Unless Tenant obtains Landlord’s prior written consent (which shall not be unreasonably withheld, delayed or conditioned), Tenant will not add any locks or
change existing locks on any door to the Building Premises. 
 7. Aesthetics. Unless Tenant obtains Landlord’s prior written
consent (which may be withheld in Landlord’s sole and absolute discretion), Tenant may not: 
 (a) Attach any awnings, signs, displays
or projections to either the outside walls or windows of the Building, or to any part of the Premises visible from outside the Premises; 

(b) Hang any non-Building Standard curtains, blinds, shades or screens in any window or door of the Premises; 

(c) Coat or sunscreen the interior or exterior of any windows; or 

(d) Place any objects on windowsills. 

8. Reserved. 
 9. HVAC
Operation. Tenant will not obstruct the HVAC convectors or diffusers, or adjust or interfere with the HVAC system. Tenant will assist the HVAC system in maintaining comfort in the Premises by drawing shades, blinds and other window coverings in
the Premises as may be reasonable required. Tenant may not use any method of heating or cooling the Premises other than that supplied by Landlord. 

  
 C-1 

 10. Plumbing. Tenant will use plumbing fixtures only for the purpose for which they are
constructed. Tenant will reimburse Landlord for any damage caused by Tenant’s misuse of plumbing fixtures. 
 11. Equipment
Location. Landlord may specify the location of any of Tenant’s business machines, mechanical equipment or other property that are unusually heavy, may damage the Building, or may cause vibration, noise or annoyance to other tenants. Tenant
will reimburse Landlord for any professional engineering certification or assistance reasonably required to determine the location of these items. 

12. Bicycles. Tenant may not bring bicycles or other vehicles into the Building or Premises. Bicycles and other vehicles may only be
parked in areas designated by Landlord. As soon as reasonably practicable following the Execution Date, Landlord will install and/or designate bicycle parking or storage at the Project, and prior thereto Tenant’s employees may store their
bicycles in certain existing, caged storage areas in the Parking Garage to be reasonably designated by Landlord prior to the Delivery Date. 

13. Animals. Tenant may not bring any birds or animals, excepting seeing-eye/assistance dogs, into the Building or Premises, and further
excepting small fish to be kept in aquariums. 
 14. Reserved. 

15. Plumbing. Plumbing and appliances may be used only for the purposes for which constructed. No sweeping, rubbish, rags, or other
unsuitable material may be thrown or placed therein. Any stoppage or damage resulting to any fixtures or appliances from misuse by any Tenant or Tenant party is payable by Tenant. 

17. Lodging. No portion of the Building may be used as lodging rooms or for any immoral or unlawful purposes. 

18. Elevators. Any use of the elevators for purposes other than normal passenger use (such as moving to or from the Building or
delivering freight) must be scheduled through the office of the Property Manager. Tenant will reimburse Landlord for any extra costs incurred by Landlord in connection with any such non-passenger use of the elevators. 

19. Moving and Deliveries. Moving of Tenant’s Personal Property and deliveries of materials and supplies to the Premises must be
made during the times and through the entrances, elevators and corridors reasonably designated by Landlord. Moving and deliveries may not be made through any of the main entrances to the Building without Landlord’s prior permission. Any hand
truck or other conveyance used in the Outside Areas must be equipped with rubber tires and rubber side guards to prevent damage to the Building and its property. Tenant will promptly reimburse Landlord for the cost of repairing any damage to the
Building or its property caused by any person making deliveries to the Premises. 

  
 C-2 

 20. Solicitation. Canvassing, soliciting and peddling in the Building are prohibited and
Tenant will cooperate in preventing the same. 
 21. Food. Only persons approved from time to time by Landlord may prepare, solicit
orders for, sell, serve or distribute food in or around the Project. Except as may be specified in the Lease, and excluding the cafeteria existing in the Building on the Execution Date, and except for microwave cooking within break-room areas of the
Premises, Tenant will not use the Premises, or any portion thereof for preparing or dispensing food, or soliciting of orders for sale, serving or distribution of food. Notwithstanding the above, Landlord hereby consents to the periodic catering by
third parties of food and meals to Tenant and its employees for consumption within the Premises or the Patio/Courtyard Area, provided that said catering by third parties otherwise is in compliance with the terms of this Lease. 

22. Work Orders. Only authorized representatives of Tenant may request services or work on behalf of Tenant. Tenant may not request that
Building employees perform any work outside of their duties assigned by Landlord. 
 23. Smoking. Neither Tenant nor its Affiliates
shall smoke or permit smoking in any part of the Project in which Landlord, in Landlord’s sole and absolute discretion, prohibits smoking. Landlord may designate the entire Project a no-smoking area, excepting areas in which Landlord, in
Landlord’s sole and absolute discretion, permits smoking. 
 24. Firearms. Tenant will not knowingly permit any Tenant party to
bring any handgun, firearm or other weapons of any kind into or about the Building. 
 25. Rules Applied. These Rules and Regulations
apply equally to Tenant’s Affiliates and others permitted by Tenant to access, use or occupy the Premises. Landlord may rescind any of these Rules and Regulations. 

  
 C-3 

 EXHIBIT D – PARKING 

4440 El Camino Building • 4440 El Camino Real • Los Altos, California 

1. Tenant and its employees and customers shall have exclusive rights to park in surface parking areas of the Outside Areas and in the Parking
Garage (all parking in the Condominium Common Areas is reserved for the owner of Unit 2). Landlord shall not be obligated to tow cars or otherwise enforce Tenant’s exclusive use and/or parking rights in the Outside Areas or the Parking Garage,
and Tenant shall be solely responsible for enforcing the same. Except for Landlord’s grant of parking rights to Tenant and its employees and customers as set forth in this paragraph, and except as required by Laws (e.g., with respect to
the fire department and police), or except as may be provided in the Condominium Declaration, Landlord shall not grant any rights to park in the Outside Areas or in the Parking Garage. Landlord hereby confirms to Tenant that as of the Execution
Date, (a) the Parking Garage contains three hundred forty five (345) parking spaces, and (2) the Outside Areas contain eleven (11) parking spaces (two of which are handicap spaces), which eleven spaces are on the side of the
Building fronting El Camino Real. Tenant shall comply with and observe the requirements and restrictions of any conditions, covenants, restrictions, and easements respecting the “north” and “south” driveways providing access from
El Camino Real as provided in the Condominium Declaration. 
 2. Landlord shall be entitled from time to time temporarily to prevent public
access to all or any portion of the Outside Areas, such driveways, and the Parking Garage in order to prevent a public dedication thereof, and in connection therewith shall use reasonable efforts to minimize any disruption of Tenant’s use of
such facilities. 
 3. Tenant shall use such all parking areas allocated to Tenant solely for purposes of parking vehicles used by its
employees, clients, and contractors only for such period of time as such entities are working within the Premises or Outside Areas. Tenant shall not permit any employees, clients, contractors or other entities within its control to use such parking
areas for any purposes inconsistent with the preceding sentence. Neither Tenant nor its employees, clients, or contractors shall be obligated to pay any parking charge or fee for parking within such parking areas (subject to Tenant’s obligation
to pay for maintenance and operation of such parking areas as Expenses pursuant to other provisions of the Lease). Notwithstanding the foregoing, and subject to applicable Laws, Tenant shall be entitled to use parking spaces in the Parking Garage
for purposes of storing containers, provided that (i) such storage area is fenced and secured in a fashion suitable to Landlord in its reasonable judgment, (ii) the location of the parking spaces so utilized for storage is approved by
Landlord which approval shall not unreasonably be withheld, (iii) Tenant maintains such spaces, and is solely responsible for all security relating thereto, (iv) the property and liability insurance required to be carried by Tenant under
this Lease covers such storage area, (v) such use of parking spaces for storage does not reduce the number of parking spaces available for Tenant’s exclusive use to below the minimum number of parking spaces required by the City of Los
Altos to be made available for Tenant’s parking and does not otherwise violate any applicable Laws, and (vi) upon expiration or sooner termination of the Term, Tenant shall unless otherwise directed by Landlord in writing remove the
fencing for such storage area and repair any damage to the Parking Garage 

  
 D-1 

 
resulting from such fencing such that the areas so affected are restored to their original condition subject only to reasonable wear and tear (subject to Laws, Landlord approves of the currently
fenced areas in the Parking Garage being used for such storage as of the Execution Date). Tenant shall comply with and observe any reasonable rules and regulations from time to time promulgated by Landlord respecting the use of all parking areas.

 4. Landlord shall have the right from time to time to promulgate reasonable and consistently applied rules and regulations regarding the
Parking Garage (and parking in the Outside Areas), the spaces and the use thereof, including, but not limited to, rules and regulations controlling the flow of traffic to and from various parking areas, the angle and direction of parking and the
like. Tenant shall comply with and cause its employees and visitors to comply with all such rules and regulations as well as all reasonable additions and amendments thereto. 

5. Tenant shall not store or permit its employees to store any automobiles in the Parking Garage for longer than seven (7) days without
the prior written consent of Landlord. If Tenant’s employees desire to leave their automobiles in the Parking Garage for more than seven (7) days, Tenant shall provide Landlord with prior notice thereof designating the license plate number
and model of such automobile and the parking space, which must be one of Tenant’s allocated reserved parking spaces. Except for emergency repairs, Tenant and its employees shall not perform any work on any automobiles while located in the
Parking or at the Project. 
 6. Landlord shall have the right to temporarily close the Parking Garage or certain areas therein in order to
perform necessary repairs, maintenance and improvements to the Parking Garage. In such event, Landlord will make available alternative parking in reasonable proximity to the Building on a space for space basis. 

7. Tenant shall not assign or sublease any of the parking spaces at the Project (except to a Permitted Transferee) without the consent of
Landlord, which such consent shall not be unreasonably withheld or delayed and provided that Landlord shall not be required to consider any such request except in connection with a concurrent request for a consent to a Transfer. 

8. For each parking space covered under this Lease, Tenant will be provided with (1) parking permit which may be evidenced and controlled
by a parking sticker or other mechanism, device or system specified by Landlord from time to time. With respect to such permits, Tenant covenants and agrees as follows: 
  

	 	a.	Only one (1) vehicle per permit shall have access to the Parking Garage. 

  

	 	b.	Tenant shall at all times maintain with Landlord a list of permits held by Tenant, which list shall be in form, scope, and substance reasonably satisfactory to Landlord, and shall identify each individual to whom a
permit has been issued, the vehicle used by such individual, and the license plate number of such vehicle. 

  
 D-2 

	 	c.	Tenant shall be responsible for any damage to the Parking Garage caused by any person using a permit which has been issued to Tenant. 

 

	 	d.	In the event of material unauthorized or material improper use of a permit, as determined by Landlord in its reasonable judgment, Landlord may withdraw the permit and terminate Tenant’s right to use the permit, all
without terminating or otherwise affecting tenant’s responsibilities, obligations, and liabilities under this Lease. Notwithstanding the foregoing, however, if such unauthorized or improper use of a permit is made by an employee of Tenant
without Tenant’s knowledge, consent, or approval, then such employee may be barred by Landlord from using the permit and any parking spaces in the Garage, and in such event, Landlord shall permit Tenant to reissue the permit to another employee
of Tenant subject to the provisions of this parking agreement. 

  

	 	e.	Each permit shall at all times remain the property of Landlord, and Tenant shall surrender all permits to Landlord immediately upon termination of this Lease. If any permit is lost, damaged or not returned to Landlord
on request, payment of a replacement fee must be delivered to Landlord before a replacement permit is issued to Tenant. 

 9.
Tenant shall indemnify and hold harmless Landlord from and against all claims, losses, liabilities, damages, costs, and expenses (including, but not limited to, attorneys’ fees and court costs) arising or alleged to arise out of the use of any
parking permit issued hereunder. If any of the parking spaces covered by the permits provided to Tenant hereunder become unavailable for use by Tenant at any time or from time to time during the Term of this Lease, whether due to casualty or any
other cause, the charges hereunder with respect to the applicable permits shall abate until such spaces again become available for use by Tenant, but otherwise this Lease shall continue in full force and effect. 

10. All motor vehicles (including all contents thereof) shall be parked in the Parking Area at the sole risk of Tenant and each patron of the
Parking Area, it being expressly agreed and understood Landlord has no duty to insure any of said motor vehicles (including the contents thereof), and Landlord is not responsible for the protection and security of such vehicles. NOTWITHSTANDING
ANYTHING TO THE CONTRARY CONTAINED IN THIS LEASE, LANDLORD SHALL HAVE NO LIABILITY WHATSOEVER FOR ANY PROPERTY DAMAGE WHICH MIGHT OCCUR ON THE PARKING AREA OR AS A RESULT OF OR IN CONNECTION WITH THE PARKING OF MOTOR VEHICLES IN ANY OF THE PARKING
SPACES. 

  
 D-3 

 EXHIBIT E – NOTICE OF LEASE TERM 

4440 El Camino Building • 4440 El Camino Real • Los Altos, California 

This NOTICE OF LEASE TERM (“NLT”) is given by BOX.NET, INC., a Delaware corporation (“Tenant”) to BEHRINGER
HARVARD EL CAMINO REAL LP, a Delaware limited partnership (“Landlord”), with respect to that certain Lease dated             , 2011 (“Lease”), under which Tenant has
leased from Landlord certain premises known the 4440 El Camino Building located at 4440 El Camino Real, Los Altos, California (“Building”). 

In consideration of the mutual covenants and agreements stated in the Lease, and intending that this Agreement may be relied upon by Landlord
and any prospective purchaser or present or prospective Encumbrance holder, Tenant certifies and confirms the following: 
  

	 	(a)	The Delivery Date is                     , 2011. 

 

	 	(b)	The Commencement Date is                     ,
20            . 

  

	 	(b)	The Expiration Date is                     ,
20            . 

 Except for those terms expressly defined in
this NLT, all initially capitalized terms will have the meanings stated for such terms in the Lease. 
 EXECUTED
THIS             DAY
OF                    2011. 
  

							
	 TENANT

	
	 BOX.NET, INC.,

A DELAWARE CORPORATION

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 
	
	 LANDLORD

	
	 BEHRINGER HARVARD EL CAMINO REAL LP,

A DELAWARE LIMITED PARTNERSHIP

		
	 By:
	 	 Behringer Harvard El Camino Real GP, LLC,

		 	 a Delaware limited liability company,

		 	 Its general partner

				
		 		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 

  
 E-1 

 EXHIBIT F – WORK LETTER 

4440 El Camino Building • 4440 El Camino Real • Los Altos, California 

1. Preliminary. This Work Letter governs the finish out/refurbishment by Tenant of the Premises. Landlord has no obligation to make any
modifications, alterations or improvements to the Premises or the Building or, except for the funding of the Construction Allowance (hereinafter defined), contribute to the cost of the Tenant Improvements (hereinafter defined) or any other
alterations or improvements desired by Tenant to the Premises in connection with the Lease of which this Work Letter is a part. 
 2.
Construction Documents. 
 (a) Space Plans. Within a commercially reasonable time period after the Execution Date, Tenant
shall, at its sole expense (but subject to the Premises Construction Allowance), deliver to Landlord space plans prepared by an architect (“Architect”) chosen by Tenant and reasonably approved by Landlord in electronic Autocad format
together with a full-size hard copy depicting all improvements and alterations desired by Tenant to be installed in or made to the Premises. Landlord shall notify Tenant whether it approves of such space plans within five (5) business days
after receipt thereof. If Landlord disapproves of the space plans, Landlord shall notify Tenant thereof specifying in reasonable detail the reasons for such disapproval, in which case Tenant shall revise the space plans in accordance with
Landlord’s objections and submit revised space plans in accordance with subparagraph (a) above to Landlord for its review and approval. Landlord shall notify Tenant in writing whether or not it approves of the resubmitted space plans
within three (3) business days after its receipt thereof and, if Landlord disapproves, Landlord shall notify Tenant thereof specifying in reasonable detail the reasons for such disapproval. This process shall be repeated until the space plans
have been finally approved by Landlord and Tenant. If Landlord fails to approve or disapprove of the space plans or the resubmitted space plans, as the case may be, within the applicable time period set forth above in this Section 2.(a), and
any such failure is not cured by Landlord within three (3) business days after written notice from Tenant to Landlord of such failure, then the space plans as submitted, or as resubmitted, as the case may be, shall be deemed approved by
Landlord. As used herein, “Space Plans” means the Preliminary Spaces Plans finally approved or deemed approved by Landlord as provided above. Material changes to the Space Plans shall require Landlord’s prior consent, which consent
shall not be unreasonably withheld, conditioned or delayed. To the extent not attached hereto on the Execution Date, this Work Letter will be automatically amended to include as Annex 1 hereto the finally approved Space Plan. 

(b) Working Drawings. Within a commercially reasonable time after approval of the Space Plan, Tenant shall, at its sole cost and expense
(subject again to the Construction Allowance), provide to Landlord for its approval preliminary construction documents prepared by Architect and detailing all improvements and/or alterations that Tenant proposes to install and/or make in the
Premises (“Preliminary CDs”). The Preliminary CDs shall be delivered in Autocad format together with a hard copy thereof and shall include, without limitation, the partition layout, ceiling plan, electrical outlets and switches, telephone
outlets, drawings for any modifications to the 

  
 F-1 

 
Base Building and reasonably detailed plans and specifications for the construction of all improvements and alterations Tenant desires to be made to the Premises. The Preliminary CDs must be
consistent in all material respects with the approved Space Plan. Landlord shall notify Tenant whether it approves of the submitted Preliminary CDs within seven (7) business days after Tenant’s submission thereof. If Landlord disapproves
of such Preliminary CDs, then Landlord shall notify Tenant thereof specifying in reasonable detail the reasons for such disapproval, in which case Tenant shall revise the Preliminary CDs in accordance with Landlord’s objections and submit the
revised Preliminary CDs to Landlord for review and approval. Landlord shall notify Tenant in writing whether it approves of the resubmitted Preliminary CDs within five (5) business days after its receipt thereof. This process shall be repeated
until the Preliminary CDs have been finally approved by Landlord; provided that Landlord shall only be entitled to disapprove any resubmitted Preliminary CDs to the extent the same fail to comply in all material respects with Landlord’s prior
reasons for disapproval. If Landlord fails to approve or disapprove of the Preliminary CDs or the resubmitted Preliminary CDs, as the case may be, within the applicable time period set forth above in this Section 2.(a), and any such failure is
not cured by Landlord within three (3) business days after written notice from Tenant to Landlord of such failure, then the Preliminary CDs as submitted, or as resubmitted, as the case may be, shall be deemed approved by Landlord. As used
herein, (i) “Final CDs” shall mean the Preliminary CDs as finally approved by Landlord, as amended from time to time by any Change Orders (hereinafter defined), and (ii) “Tenant Improvements” shall mean, collectively,
all improvements and alterations or work to be installed or performed in or made to the Premises pursuant to the Final CDs and any demolition work necessary to commence such improvements. Upon determination of the Final CDs, this Work Letter will
automatically be amended to incorporate the Final CDs by reference. 
 (c) Approval Standard. Landlord’s approval of the Space
Plan or Preliminary CDs, as applicable, shall not be unreasonably withheld, conditioned or delayed unless such are inconsistent with the approved Space Plan (with respect to the Preliminary CDs) or reveal a Design Problem, in which event Landlord
may disapprove of the Space Plan or the Preliminary CDs in its sole discretion to the extent of the Design Problem only. 
 3. Change
Orders. If Tenant desires to make any material changes to the Final CDs, Tenant shall submit to Landlord a change order request prepared by Architect and otherwise in a form reasonably required by Landlord but which shall include, in any event,
changes to the Final CDs reflecting the requested change. Each such change order must receive the prior written approval of Landlord, such approval or disapproval to be made within the time periods and governed by the standards for approval of the
Preliminary CDs as described above. If Landlord approves any change order request, such to be evidenced by a written change order executed by Landlord and Tenant (“Change Order”), then the incremental increase in the cost of construction
of the Tenant Improvements (soft and hard costs) (collectively, “Change Order Costs”) shall be added to the Construction Costs and the Construction Budget (hereinafter defined) shall be automatically adjusted to include such costs. If all
or any of the Change Order Costs are also Excess Costs (e.g., the total Construction Costs reflected in the Construction Budget already exceed the Construction Allowance or the Construction Allowance will be exceeded with the addition of the
Change Order Costs), then 

  
 F-2 

 
Landlord shall not be required to make further disbursements of the Construction Allowance until Tenant has provided evidence that it has paid for additional Construction Costs in the amount of
such additional Excess Costs (or as hereafter permitted, allocated any available balance of the Construction Allowance to such Excess Costs). 

4. Tenant’s Contractors/Construction Contracts. 

(a) Tenant’s General Contractor. Tenant shall be responsible for bidding the Tenant Improvements and selecting the General
Contractor (herein so called). Landlord shall have the right to approve the General Contractor and all subcontractors, such approval not to be unreasonably withheld, conditioned or delayed. Without limitation, it will be reasonable for Landlord to
disapprove of a contractor or subcontractor on the basis that (i) such contractor or subcontractor is not licensed and bonded, or (ii) Landlord has had previous unsatisfactory experience with such contractor. 

(b) Tenant’s Construction Contracts. Any construction contract for the Tenant Improvements shall provide for, without limitation,
(i) a one-year warranty for all of the Tenant Improvements; and (ii) a requirement that the General Contractor perform the Tenant Improvements in accordance with the Final CDs and in a good and workmanlike manner and in compliance with all
Laws. 
 5. Construction/Contractor Requirements. 

(a) Neither Tenant nor any of Tenant’s contractors or subcontractors shall commence any of Tenant Improvements until the later to occur of
(i) determination of the Final CDs, (ii) Tenant obtaining and delivering to Landlord all necessary building permits therefor; (iii) Landlord’s approval of the Construction Budget (hereinafter defined) and a construction schedule
for the Tenant Improvements, and (iv) the Delivery Date. Notwithstanding, Tenant shall be permitted to perform demolition of existing improvements necessary for the performance of the Tenant Improvements from and after the Delivery Date
provided that Landlord has approved of the demolition plans, such not to be unreasonably withheld, and has obtained and delivered all necessary demolition permits to Landlord. 

(b) Tenant’s General Contractor and all subcontractors shall comply at all times with the Landlord’s reasonable rules and regulations
for contracted services in the Building. Such rules and regulations are available from the Building’s management office. 
 (c) Prior to
any entry onto the Building, Tenant’s General Contractor and all subcontractors shall have provided to Landlord certificates of insurance, in form and amount reasonably satisfactory to Landlord, insuring Landlord, Landlord’s property
manager, any encumbrance holder and such other parties as it shall reasonably designate against any and all liability for personal injury, including workers’ compensation claims and for property damage that may arise out of or be in any manner
connected with the Tenant Improvements. Landlord’s contractor insurance requirements are available from the Building’s management office. 

  
 F-3 

 (d) Landlord must receive a list of sub-contractors engaged by Tenant as of the start of the
Tenant Improvements. Tenant shall provide any updates promptly to Landlord. 
 (e) Upon commencement of the construction of the Tenant
Improvements, Tenant shall proceed with due diligence to complete same in an expeditious manner in accordance with the Final CDs. The Tenant Improvements must be performed by Tenant in a good and workmanlike manner, in compliance with all Laws, and
in such a manner and at such times, so as not to materially interfere with the operation of the Building. 
 (f) Tenant will take
commercially reasonable steps to protect its facilities affected by the performance of the Tenant Improvements and to secure the same. Construction equipment and materials are to be located in confined areas and delivery and loading of equipment and
materials shall be done at such locations and at such time as Landlord shall reasonably direct so as not to overburden the operation of the Building. 

(g) Tenant shall at all times keep the Outside Areas free from accumulations of waste materials or rubbish caused by its suppliers, contractors
or workers. Landlord may require daily clean-up if required for fire prevention and life safety reasons or Laws and reserves the right, following notice to Tenant and a reasonable opportunity to cure, to do clean-up at the expense of Tenant if
Tenant fails to comply with Landlord’s cleanup requirements. Upon Substantial Completion of the Tenant Improvements, Tenant’s contractors shall forthwith remove all rubbish and all tools, equipment and surplus materials from and about the
Premises and Project. Any damage caused by Tenant’s contractors to any portion of the Building or to any property of Landlord or other tenants shall be repaired by Tenant at Tenant’s expense forthwith after written notice from Landlord as
to its condition prior to such damage. 
 6. Substantial Completion. 

(a) As used herein “Substantial Completion,” “Substantially Completed,” and any derivations thereof mean that (i) the
Tenant Improvements have been substantially completed in accordance with the Final CDs as determined by Architect (and confirmed by Landlord’s construction manager, which confirmation shall not be unreasonably withheld, conditioned or delayed),
(ii) Tenant can lawfully occupy the Premises for business purposes. Substantial Completion shall have occurred even though minor details of construction, decoration, landscaping and mechanical adjustments and other “punch-list” items
remain to be completed. Tenant shall have the sole responsibility for obtaining any certificate of occupancy (or equivalent). When the Architect considers the Tenant Improvements to be Substantially Completed, Tenant will notify Landlord and within
three (3) business days thereafter, Landlord’s Representative and Tenant’s Representative shall conduct a walk-through of the Premises and identify any necessary touch-up work, repairs and minor completion items that are necessary for
final completion of the Tenant Improvements. Tenant shall use commercially reasonable efforts to cause the General Contractor performing the Tenant Improvements to complete all punch-list items within thirty (30) days after agreement thereon.
Notwithstanding the above, Substantial Completion of the Tenant Improvements is not a condition to the Commencement Date or Tenant’s obligation to pay Rent under the Lease. 

  
 F-4 

 (b) All Tenant Improvements shall be the property of Landlord upon installation unless Landlord
and Tenant otherwise agree in writing and provided that Landlord may designate for removal by Tenant (and at Tenant’s cost) any Tenant Improvements that are not Building Standard. For purposes of the foregoing sentence, the following shall be
deemed Building Standard Tenant Improvements: usual office improvements for a general, standard office use such as standard gypsum board, partitions, typical office ceiling grids and tiles, typical office lighting panels, typical office doors and
carpeting, standard break rooms and lunchrooms. 
 7. Payment for Tenant Improvements/Construction Allowance. 

(a) Construction Costs Defined. As used in this Work Letter, “Construction Costs” shall include only (i) the cost of all
labor and materials and supplies for the Tenant Improvements; (ii) the cost of all contractor, architectural, engineering and design and project consultant/manager fees (including but not limited to costs incurred in connection with the
preparation of the Space Plans and the Final CDs and any other construction documents) and general conditions and permitting costs/fees; and (iii) extra janitorial expenses associated with the construction. Construction Costs shall not include
the cost of acquisition, installation, set up or testing of any of Tenant’s furniture, fixtures or equipment excluding cabling and wiring for Tenant’s voice data and telecommunications systems. Prior to commencement of construction of the
Tenant Improvements, Tenant shall deliver or cause to be delivered to Landlord a construction budget setting forth the estimated Construction Costs (the “Construction Budget”). Tenant shall not commence any of the Tenant Improvements until
Landlord has approved of the Construction Budget, such consent not to be unreasonably withheld, conditioned, or delayed. 
 (b)
Allowance/Disbursement. Tenant shall be responsible for the entire Construction Costs; provided, however, that Landlord shall provide to Tenant (i) a construction allowance in the amount of $20.00 per RSF of the Premises, or
$1,931,240.00 (the “Construction Allowance”) to be applied toward Construction Costs. Landlord shall make disbursements of the available Construction Allowance to Tenant for Construction Costs incurred by Tenant as follows: 

(1) Disbursements. If Tenant desires to apply for a disbursement of the Construction Allowance, then Tenant may apply
for any such disbursement by, on or before the 5th day of any calendar month (or such other date as Landlord may designate), delivering to Landlord each of the following: (A) a request for payment of the General Contractor approved by Tenant,
in the appropriate AIA form or other form approved by Landlord showing the schedule, by trade, of percentage of completion of the Tenant Improvements, detailing the portion of the Tenant Improvements completed and the portion not completed, and
demonstrating that the relationship between the Construction Costs completed and the Construction Costs to be completed complies with the terms of the Construction Budget, (B) copies of invoices from Tenant’s contractors for labor rendered
and materials delivered to the Premises and for which payment is sought through the subject disbursement; (C) an executed mechanic’s lien release from the General Contractor with respect to the work for which payment is sought and in a
form approved by Landlord, and (D) executed mechanic’s lien releases from all subcontractors with respect to any previous draws paid by Landlord and in a 

  
 F-5 

 
form approved by Landlord (the foregoing being collectively referred to herein as an “Interim Application for Payment”). As between Landlord and Tenant, Tenant’s submission of an
Application for Payment shall be deemed Tenant’s acceptance and approval of the portion of the Tenant Improvements furnished and/or the materials supplied as set forth in Tenant’s payment request. Subject to the terms of this Work Letter,
on or before the 30th day of the calendar month in which the Application was received, Landlord shall deliver a check to Tenant in reimbursement of the lesser of (A) the amounts so requested by Tenant, less a ten percent (10%) retention
(the aggregate amount of such retentions to be known as the “Retainage”) and (B) the balance of any remaining available portion of the Construction Allowance (not including the Retainage), provided that Landlord does not dispute any
request for payment based on non-compliance of any Tenant Improvements with the Finals CDs, or due to any substandard work, or for any other reasonable reason. Landlord’s payment of any Application for Payment shall not be deemed
Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s Application of Payment. 

(2) Final Payment. Landlord shall pay the Retainage to Tenant following the receipt by Landlord of an executed
application for payment on the appropriate AIA form or another form as is reasonably approved by Landlord and the following items: (i) with respect to payment to any persons performing work or supplying or fabricating materials for the Tenant
Improvements, final lien waivers from such persons, fully executed, acknowledged and in recordable form, (ii) the Tenant’s and Architect’s certification that the Tenant Improvements have been finally completed, including all
punch-list items, on the appropriate AIA form or such other form as is approved by Landlord, (iii) evidence that Tenant can lawfully occupy the Premises, (iv) Landlord has determined that no substandard work exists which adversely affects
the Building Systems or the Base Building or exterior appearance of the Building, or any other tenant’s use of such other tenant’s leased premises in the Building, (iv) evidence that Tenant has paid for the entire Construction Costs
that is in excess of the Construction Allowance, (vi) commissioning documents for any equipment installed as part of the Tenant Improvements that are tied into any Mechanical Systems, (vii) Tenant’s “close-out” package
including information regarding all materials incorporated into the Tenant Improvements, and (viii) Tenant has furnished Landlord with an accurate record drawing of the Tenant Improvements as constructed in Autocad format together with a hard
copy thereof (collectively, a “Final Application for Payment” and referred to interchangeably with an Interim Application for Payment, an “Application for Payment”). Subject to the terms of this Work Letter, Landlord shall pay to
Tenant the Retainage amount within thirty (30) days following Tenant’s submission of the Final Application for Payment. Tenant’s submission of a Final Application for Payment shall constitute Tenant’s representation and warranty
to Landlord that Tenant has inspected all of the Tenant Improvements and accepts same subject only to latent defects, and provided that such representation does not constitute a waiver by Tenant of any claims against its contractors. Landlord’s
payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s Application of Payment. 

  
 F-6 

 (c) Excess Costs. Without limitation of any of the above, if the estimated Construction
Costs as reflected in the approved Construction Budget (as such may be revised to reflect any approved Change Orders Costs) is greater than the Construction Allowance (the positive difference between the Construction Costs and the Construction
Allowance being “Excess Costs”), Landlord’s disbursements under Paragraph 7(b) shall be additionally conditioned upon Tenant paying to Landlord, not later than ten (10) days prior to the last date upon which Landlord would
otherwise be required to fund the Application for Payment, an amount equal to the product obtained by multiplying the total amount included in the Interim Application for Payment multiplied by a fraction (expressed as percentage), the numerator of
which is total Excess Costs and the denominator of which is the Construction Allowance (such amount being the “Tenant’s Excess Cost Payment”); provided, however, the provisions of this Section (c) shall not be applicable to the
extent of any disbursements of the Construction Allowance paid to Tenant in reimbursement of costs previously paid by Tenant (as opposed to disbursements paid to Tenant’s contract or subcontractor) following satisfaction of the conditions set
forth in Section 7(b)(2) of this Exhibit F. 
 (d) Additional Disbursement Conditions. Except as expressly provided
elsewhere in this Work Letter, Landlord shall only be obligated to make the disbursement of the Construction Allowance to the extent costs are incurred and paid by Tenant for the Construction Costs. If an Application for Payment is incomplete or
incorrect in any respect, Landlord will notify Tenant of same and the amount of the subject disbursement of the Construction Allowance applicable to the portion of such incomplete or incorrect Application for Payment only shall be deferred until
twenty (20) days following Landlord’s receipt of the corrected Application for Payment. Notwithstanding anything to the contrary contained in this Work Letter, Landlord shall not be obligated to make any disbursement during the pendency of
any of the following: (1) Landlord has received written notice of any unpaid and delinquent claims relating to any portion of the Tenant Improvements (or, as the case may be, the Tenant Improvements) or any materials in connection therewith,
other than claims which will be paid in full from such disbursement, (2) there is an unbonded lien outstanding against the Building or any of the Premises or Tenant’s interest therein by reason of work done, or claimed to have been done,
or materials supplied or specifically fabricated, claimed to have been supplied or specifically fabricated, to or for Tenant or any of the Premises, (3) the conditions to the advance of the Construction Allowance are not satisfied, (4) a
Default then exists, or (5) Landlord has determined, in its reasonable discretion, that substandard work exists which adversely affects the Base Building or exterior appearance of the Building, or any other tenant’s use of such other
tenant’s leased premises in the Building (but in such case Landlord’s option to defer payment shall be limited to non-payment for the substandard work only ). Nothing herein shall be construed to grant Tenant the power to lien any interest
of Landlord in the Project. If on the first (1st) anniversary of the Delivery Date there remains any unfunded balance of the Landlord’s Contribution not then subject to a pending or disputed request for disbursement, then such balance
shall be the sole property of Landlord and Tenant shall have no further rights with respect thereto. 
 (e) Excess Allowance. If upon
final completion of the Tenant Improvements there remains any balance of the Construction Allowance, Tenant may draw upon such balance (the “FF&E Allowance”) to pay for the cost (“FF&E Costs”) to acquire and install
customary office 

  
 F-7 

 
furniture, fixtures and equipment to be first used in the Premises (“FF&E”). Not later than the first (1st) anniversary of
the Commencement Date Tenant may submit one (1) request for reimbursement of all FF&E Costs, such to be accompanied by invoices reflecting such costs as have been paid by Tenant and evidence of payment. Landlord shall reimburse for the
FF&E Costs up to the FF&E Allowance within thirty (30) days after receipt of Tenant’s request. Landlord shall have no obligations to reimburse Tenant for FF&E Costs not submitted to Landlord by the first (1st) anniversary of the Commencement Date. Any balance of the FF&E Allowance remaining on the first (1st) anniversary of the
Commencement Date and not subject to a pending or disputed request for reimbursements is forfeited by Tenant and the sole property of Landlord. 

9. Landlord’s Oversight Role/Review. The parties acknowledge that neither Landlord nor its managing agent is an architect or
engineer, and that the Tenant Improvements will be designed and performed by independent architects, engineers and Tenant’s contractors engaged by Tenant. Landlord and its managing agent shall have no responsibility for construction means,
methods or techniques or safety precautions in connection with the Tenant Improvements, and do not guarantee that the Space Plans or the Final CDs (as such may be changed by change orders) will be free from errors, omissions or defects or will
comply with Laws, and shall have no liability therefore notwithstanding any approval thereof. Landlord’s approval of Space Plans, the Final CDs, change orders and contracts, and Landlord’s designations, lists, recommendations or approvals
concerning Tenant’s architects and contractors shall not be deemed a warranty as to the quality or adequacy thereof or of the Space Plans, the Final CDs (as such may be changed by change orders), any other construction documents or the Tenant
Improvements, or the design thereof, or of its compliance with Laws. After providing Tenant’s Representative prior notice of one (1) business day (except in the event of emergency, no notice shall be required), Tenant shall permit access
to the Premises, and inspection of the Tenant Improvements, by Landlord and Landlord’s architects, engineers, contractors and other representatives, at all times during the period in which the Tenant Improvements are being planned and
constructed to allow Landlord and Landlord’s Representative to ensure compliance with this Work Letter. If Tenant fails to perform the Tenant Improvements as required herein or the materials supplied fail to comply herewith or with the Final
CDs (as such may be changed by change orders) and such failure shall continue for five (5) business days after receipt of written notice thereof delivered by Landlord to Tenant’s Representative, Landlord shall have the right to temporarily
stop the applicable portions of the Tenant Improvements pending Tenant’s cure of such failure. Landlord shall have the right, but not the obligation, to perform, on behalf of and for the account of Tenant, subject to reimbursement by Tenant,
any work required to cure or complete any Tenant Improvements which has violated this Work Letter, or which pertains to patching of the Tenant Improvements and other work in the Building, or involves Tenant Improvements outside the Premises, or
which affects the Base Building, provided that Tenant shall not have done so within five (5) business days after receipt of written notice thereof delivered by Landlord to Tenant or, if the same cannot be corrected within five (5) business
days, Tenant fails to commence correcting the same and diligently proceeds to correct the same. No such action by Landlord shall serve to abate any Rent due under the Lease, as amended or any other obligations of Tenant therein. 

  
 F-8 

 10. In no event shall Landlord be entitled to any supervision fee in connection with the
improvements contemplated by this EXHIBIT F. 
 11. Representatives. Landlord’s and Tenant’s representatives for
coordination of construction and approval of change orders will be as follows: 
  

			
	 Landlord’s Representative:
	 	Ernie Hughes
		 	950 W. Maude Ave.
		 	Sunnyvale, California 94085
		 	Office: 408.617.7646
		 	Cell:
		
	 Tenant’s Representative:
	 	Before the Commencement Date:
		
		 	Box.Net, Inc.
		 	220 Portage Ave.
		 	Palo Alto, California 94306
		 	Attn: Greg Strickland, VP Business Operations
		
		 	After the Commencement Date:
		
		 	Box.Net, Inc.
		 	4440 El Camino Real
		 	Los Altos, California 94022
		 	Attn: Greg Strickland, VP Business Operations

 All inquiries, requests, instructions, authorizations and other communications with respect to the matters covered by this
Work Letter will be made to Landlord’s Representative or Tenant’s Representative, as the case may be. Either party may change its representative under this Work Letter at any time by giving written notice to the other party delivered in
accordance with the notice provisions of the Lease. 

  
 F-9 

 EXHIBIT G – ROOF TOP RIGHTS 

Subject to the following terms and conditions of this Exhibit, Tenant shall have the non-exclusive license to install and operate on the roof
of the Building (the “Roof”) one or more satellite dishes and/or antenna for the sole purposes of telecommunications bandwidth and/or satellite cable television service to the Premises and for Tenant’s own exclusive use and provided
that as to each such dish or antenna the size, weight, height and other dimensions and features of such dish are approved by Landlord in writing prior to installation thereof, which approval shall not be unreasonably withheld (whether a dish or
antenna, such being referred to herein collectively (and together with all connections to the Premises) as the “Rooftop Communications Equipment”) and subject to the following additional terms and conditions: 

1. Tenant shall install the Rooftop Communications Equipment by methods acceptable to Landlord. Tenant shall obtain, at its sole cost and
expense, all permits and zoning and other approvals (collectively, “Approvals”) necessary for the installation and operation of the Rooftop Communications Equipment. The actual location of the Rooftop Equipment is subject to
Landlord’s reasonable approval which, without limitation, may be based upon its requirements that such equipment not be visible from street-level and/or that such equipment be appropriately screened. 

2. Landlord reserves the right, at Landlord’s sole cost and expense (and not as a part of Expenses), to relocate any or all of the Rooftop
Communications Equipment on the Roof as reasonably necessary during the Term; provided that Landlord shall be required to provide a location which permits the proper orientation, line of sight and complete operation of each such relocated Rooftop
Communications Equipment. 
 3. Tenant’s right to install the Rooftop Communications Equipment shall be subject to Landlord’s
approval of plans and specifications therefor, the manner in which the Rooftop Communications Equipment is attached to the Roof and the manner in which any cables are run to and from the Rooftop Communications Equipment. The precise specifications
and a general description of the Rooftop Communications Equipment along with all documents Landlord reasonably requires to review the installation of the Rooftop Communications Equipment (the “Plans and Specifications”) shall be submitted
to Landlord for Landlord’s written approval no later than fifteen (15) days before Tenant commences to install the Rooftop Communications Equipment. Tenant shall notify Landlord upon completion of the installation of the Rooftop
Communications Equipment. If Landlord determines that the Rooftop Communications Equipment does not comply with the approved Plans and Specifications, that the Building or Roof has been damaged during installation of the Rooftop Communications
Equipment or that the installation was defective, Landlord shall notify Tenant of any noncompliance or detected problems and Tenant promptly shall cure the defects. If the Tenant fails to promptly cure the defects, Tenant shall pay to Landlord upon
demand the cost, as reasonably determined by Landlord, of correcting any defects and repairing any damage to the Building caused by such installation. If at any time Landlord, in its reasonable discretion, deems it necessary, Tenant shall provide
and install, at Tenant’s sole cost and expense, appropriate aesthetic screening, reasonably satisfactory to Landlord, for the Rooftop Communications Equipment (the “Aesthetic Screening”). Tenant shall clearly and conspicuously use and
maintain tags to mark the Rooftop Communications Equipment with the Tenant’s name, frequency numbers, date of installation, and Tenant’s contact information. 

  
 G-1 

 4. The installation, maintenance, operation and removal of the Rooftop Communications Equipment,
the appurtenances and the Aesthetic Screening, if any, is not permitted to damage the Building or the Roof, interfere with the use of the Building and Roof by Landlord, or penetrate the Roof or Roof membrane without Landlord’s prior written
consent. Tenant agrees to be responsible for any damage caused to the Roof or any other part of the Building, which may be caused by Tenant or any of its agents or representatives in connection with the installation, maintenance, operation and
removal of the Rooftop Communications Equipment, the appurtenances and the Aesthetic Screening, if any, including, without limitation, any damages suffered by Tenant due to Roof leakage caused by the Rooftop Communications Equipment. 

5. Tenant agrees to install only equipment of types and frequencies which will not cause unreasonable interference to Landlord or existing
occupants of the Project or the Condominium (e.g., the hotel adjacent to the Project). In the event Tenant’s equipment is proven to cause such interference, Tenant will change the frequency on which it transmits and/or receives and take
any other steps necessary to eliminate the interference. If said interference cannot be eliminated within a reasonable period of time, in the judgment of Landlord, then Tenant agrees to remove the Rooftop Communications Equipment from the Roof. The
parties acknowledge that there will not be an adequate remedy at law for non-compliance with the provisions of this paragraph and, therefore, either party shall have the right to specifically enforce the provisions of this paragraph at law or in
equity in a court of competent jurisdiction. Landlord shall not permit installations of equipment on the Roof subsequent to installation of the Rooftop Communications Equipment to interfere with the Rooftop Communications Equipment. 

6. Tenant shall, at its sole cost and expense, and at its sole risk, install, operate and maintain the Rooftop Communications Equipment in a
good and workmanlike manner, and in compliance with all Building, electric, communication, and safety codes, ordinances, standards, regulations and requirements, now in effect or hereafter promulgated by any governmental agency having jurisdiction
over radio or telecommunications, and of the state, city and county in which the Building is located. Under this Lease, the Landlord and its agents assume no responsibility for the licensing, operation and/or maintenance of Tenant’s equipment.
The Rooftop Communications Equipment shall be connected to Landlord’s power supply in strict compliance with all applicable Building, electrical, fire and safety codes. Neither Landlord nor its agents shall have any responsibility or liability
for the conduct or safety of any of Tenant’s representatives, repair, maintenance and engineering personnel while in or on any part of the Building or the Roof in connection with the installation, maintenance, operation and removal of the
Rooftop Communications Equipment, the appurtenances and the Aesthetic Screening, if any. 
 7. The Rooftop Communications Equipment, the
appurtenances and the Aesthetic Screening, if any, shall remain the personal property of Tenant, and shall be removed by Tenant at its own expense at the expiration or earlier termination of this Lease or Tenant’s right to possession under this
Lease. Tenant shall repair any damage caused by such removal, including the patching of 

  
 G-2 

 
any holes to match, as closely as possible, the color surrounding the area where the equipment and appurtenances were attached. Tenant agrees to maintain all of the Tenant’s equipment placed
on or about the Roof or in any other part of the Building in proper operating condition and maintain same in satisfactory condition as to appearance and safety. Such maintenance and operation shall be performed in a manner to avoid any unreasonable
interference with any other tenants or Landlord. Tenant shall keep the Roof free of all trash or waste materials produced by Tenant or Tenant’s agents, employees or contractors. 

8. Tenant’s contractors performing the installation, repair and service for the Rooftop Communications Equipment shall be subject to
Landlord’s approval, which approval shall not be unreasonably withheld, conditioned or delayed. Tenant shall provide Landlord with prior written notice of any such installation, removal or repair and coordinate such work with Landlord in order
to avoid voiding or otherwise adversely affecting any warranties granted to Landlord with respect to the Roof. If necessary, Tenant, at its sole cost and expense, shall retain any contractor having a then existing warranty in effect on the Roof to
perform such work (to the extent that it involves the Roof) or, at Tenant’s option, to perform such work in conjunction with Tenant’s contractor. 

9. Tenant shall not allow any provider of telecommunication, video, data or related services (“Communication Services”) to locate any
equipment on the Roof for any purpose whatsoever, nor may Tenant use the Roof and/or Rooftop Communications Equipment to provide Communication Services to an unaffiliated tenant, occupant or licensee of the Building, the Project or any other
building, or to facilitate the provision of Communication Services on behalf of any Communication Services provider. 
 10. If Landlord
contemplates Roof repairs or requires access which (a) requires temporary removal or relocation of the Rooftop Communications Equipment, or (b) may result in an interruption in Tenant’s telecommunications services, Landlord shall
notify Tenant in writing at least thirty (30) days prior to such contemplated work in order to allow Tenant to make other arrangements for such services, except in the event of an emergency, in which case Landlord shall give Tenant reasonable
prior written notice. In the event such temporary removal or relocation of the Rooftop Communications Equipment or interruption in Tenant’s telecommunications services is necessary, Landlord agrees to provide alternate space to Tenant that is
reasonably acceptable to Tenant for a temporary terminal if such alternative space is available. All costs of removal, relocation and re-installation shall be borne by Landlord unless the subject repair is capital in nature or unless Landlord is
replacing all or a substantial portion of the roof, in which event Tenant shall be pay for removal/relocation costs. 
 11. Tenant (or its
agents or representatives) shall, upon reasonable notice, be permitted use of and access to the Roof of the Building provided, however for purposes of examination, maintenance and repair of the Rooftop Communications Equipment, all of which shall be
performed by Tenant or Tenant’s authorized representative or contractors, which shall be approved by Landlord, at Tenant’s sole cost and risk. It is agreed, however, that only authorized engineers, employees or properly authorized
contractors of Tenant or persons under their direct supervision will be permitted to have access to the Roof. Tenant further agrees to exercise control over the people requiring access to the Roof in order to keep to a minimum the number of people
having access to the Roof and the frequency of their visits. 

  
 G-3 

 12. Tenant’s rights with respect to the Rooftop Communications Equipment shall not be
transferable to any subtenant. 
 13. Tenant’s Rooftop rights hereunder are non-exclusive. Landlord reserves the right to lease and
license space on the Roof of the Building or elsewhere to other tenants, as Landlord may desire, for any purpose, including the installation and operation of a separate satellite transmission dish and antennas and related equipment. 

14. This Exhibit does not create an easement, leasehold or any other interest in real property. Tenant’s rights under this Exhibit expire
upon the expiration or the earlier termination of the Lease or Tenant’s right to occupy the Premises. 

  
 G-4 

 EXHIBIT H – LETTER OF CREDIT PROVISIONS 

1. Delivery of Letter of Credit. As a condition precedent to Landlord’s obligations under this Lease, and to secure compliance and
performance by Tenant of all of the terms and conditions of this Lease, Tenant shall deliver to Landlord, on or before the LOC Delivery Deadline (defined below), a letter of credit in a face amount of ONE MILLION EIGHT HUNDRED THOUSAND DOLLARS
($1,800,000.00, the “LOC Amount”, as such amount may be reduced pursuant to Section 3 below) meeting the requirements of this Exhibit, as said letter of credit may be replaced, extended, amended and/or modified from time to time (the
“Letter of Credit”). As used herein, the term “LOC Delivery Date” means two (2) business days following the Execution Date. 

2. Form of Letter of Credit. The Letter of Credit shall: (i) be issued by (and at all times be drawable upon) a federally insured
national bank approved by Landlord in writing in its reasonable discretion (and Landlord hereby approves of Wells Fargo); (ii) be an irrevocable and unconditional standby Letter of Credit issued in the full amount of the required LOC Amount;
(iii) be issued in the name of Landlord as beneficiary; (iv) have an initial term commencing on the date of issuance and ending no earlier than September 30, 2012; (v) state on its face that, notwithstanding the stated expiration
date, the term of the Letter of Credit shall be automatically renewed for successive, additional one (1) year periods unless, at least sixty (60) days prior to any such date of expiration, the issuing bank shall have given written notice
to Landlord, by certified mail, return receipt requested that the Letter of Credit will not be renewed; (vi) have a final expiration date of not less than sixty (60) days after the Expiration Date (as such may be adjusted for renewals and
extensions); (vii) expressly provide that Landlord (and/or its successors and assigns) is entitled to make one or more draws under the Letter of Credit upon delivery to issuer of a sight draft (a “Draft”) in a banking office of issuer
in Palo Alto, California (or such other location as is approved by Landlord in writing) and signed by a purported officer or authorized agent or representative of Landlord and certifying to the issuer that a Draw Event (hereinafter defined) has
occurred and that Landlord is entitled to draw upon the Letter of Credit in the amount of the draft submitted therewith; (viii) allow partial draws by Landlord at its discretion from time to time subject to the other provisions of this
Section 2; (ix) provide that the Letter of Credit will be honored by the issuing bank without inquiry as to the accuracy of the Draft or the authority of any person or party executing same and regardless of whether Tenant disputes the
content of the Draft or the authority of any person or party executing same; (x) specifically provide that it may be transferred by Landlord, without cost to Landlord, to a subsequent owner of the Project (including a foreclosing mortgage
lender) by written notice by the transferring Landlord/beneficiary to the issuer, at which time the issuer of the Letter of Credit must be obligated to issue a new Letter of Credit on the identical terms to the transferee (naming the transferee as
beneficiary) upon written request by such transferee and surrender of the previously issued Letter of Credit; (xi) remain in effect notwithstanding any assignment of this Lease or subletting by Tenant; (xii) be subject to the International
Standby Practices 1998 (or such other recognized standards as Landlord may elect), and (xiii) otherwise be in a form satisfactory to Landlord in its sole and absolute discretion. 

  
 G-5 

 3. Reduction of LOC Amount. As used in this Exhibit, the term “First Lease
Period” shall mean the period commencing upon the Execution Date and ending on the last day of the eighteenth (18th) complete Month following the Commencement Date, and each succeeding
twelve (12) Month period thereafter shall be referred to herein as a “Lease Period.” The amount of the Letter of Credit required for the First Lease Period shall be ONE MILLION EIGHT HUNDRED THOUSAND DOLLARS ($1,800,000.00), and the
amount of the Letter of Credit required under this Lease for each succeeding Lease Period shall be the amount set forth on the following schedule; provided, however, that upon the expiration of any Lease Period the amount of the Letter of Credit
applicable under this Lease shall not be reduced to the amount applicable to the succeeding Lease Period if this Lease is not then in full force and effect or if a Draw Event has occurred: 

 

					
	 First Lease Period:
	  	$	1,800,000	  
	 Second Lease Period:
	  	$	1,502,000	  
	 Third Lease Period:
	  	$	1,195,000	  
	 Fourth Lease Period:
	  	$	879,000	  
	 Fifth Lease Period:
	  	$	553,000	  
	 Sixth Lease Period:
	  	$	218,000	  
	 The remaining Term of the Lease:
	  	$	100,000	  

 If Tenant is entitled to reduce the amount of the Letter of Credit pursuant to the provisions above, then upon Tenant’s
written request to Landlord, Landlord agrees that it will within five (5) business days of Tenant’s request notify in writing the issuer of the Letter of Credit that the Letter of Credit may be reduced in the amount of the reduction so
authorized. Such reduction shall occur by means of delivery by Tenant and acceptance by Landlord of an amendment to the Letter of Credit (which amendment shall be subject to Landlord’s reasonable approval) reducing the amount thereof as
directed by Landlord, or, at Tenant’s option, a substitute Letter of Credit in such reduced amount, in which latter event, the Letter of Credit then being held by Landlord will be returned to Tenant. 

4. Extension/Replacement Letter of Credit. In the event that the expiration date of the Letter of Credit is earlier than the Expiration
Date of this Lease, as such may be extended, then not later than sixty (60) days prior to the then current expiration date of the Letter of Credit, Tenant shall cause the delivery to Landlord either of a new Letter of Credit meeting the
conditions and requirements hereof or an amendment to the existing Letter of Credit which provides that its expiration date is extended for a period of not less than one (1) year. If, as a result of any drawing upon the Letter of Credit, the
balance secured by such Letter of Credit shall be less than the then-required LOC Amount, Tenant shall, upon demand, provide Landlord with additional letter(s) of credit which comply with the provisions of this Lease in an amount equal to restore
such balance to the required LOC Amount. If the Letter of Credit is not timely renewed, or if a new Letter of Credit 

  
 G-6 

 
is not timely received by Landlord, or if Tenant fails to maintain such Letter of Credit in the amount and subject to the other terms set forth herein, Landlord shall have the right (in addition
to Landlord’s other rights to draw upon the Letter of Credit under this Lease and without any requirement for notice to Tenant under any provision of this Lease or otherwise) to immediately present the Letter of Credit to the issuing bank, and
draw any portion of, or the entire amount of, such Letter of Credit. 
 5. Draws Events. As used herein, a “Draw Event”
shall mean each or any of the following occurrences: (i) Tenant is in Default under this Lease; (ii) a petition has been filed by or against Tenant commencing a case under Title 11 of the United States Code or other state or federal
bankruptcy or insolvency laws, as amended or reenacted with the passage of time; or (iii) Tenant has failed to cause the delivery to Landlord of a new Letter of Credit or an amendment to the existing Letter of Credit, in form and substance
acceptable to Landlord, extending the expiration date of the Letter of Credit for a period of not less than one (1) year, which amendment is received by Landlord not less than sixty (60) days prior to the expiration date of the Letter of
Credit, as required under Section 4 above. 
 6. Proceeds. The proceeds of the Letter of Credit shall be applied by Landlord in
its sole discretion to amounts due and coming due to Landlord under the Lease, and the receipt by Landlord of proceeds of the Letter of Credit under one or more draws hereunder shall not relieve Tenant of any obligations to make installment or other
payments of Rent under this Lease, or otherwise discharge or relieve the Tenant of compliance or performance of any terms and conditions under this Lease. 

7. Letter of Credit an Independent Contract. Tenant acknowledges and agrees that the Letter of Credit shall constitute an independent
contract between the issuing bank and Landlord, and the proceeds of any draws by Landlord under the Letter of Credit shall not constitute property of Tenant as debtor in any bankruptcy proceeding. Without limitation, neither the Letter of Credit nor
any proceeds thereof shall constitute a security deposit under this Lease. The delivery of the Letter of Credit and/or exercise by Landlord of its rights thereunder shall not constitute liquidated damages or otherwise release, waive, or estop
Landlord from asserting any and all claims, or exercising any and all rights and remedies Landlord has or may have with the passage of time under this Lease and applicable law. If a petition is filed by or against Tenant under the Bankruptcy Code or
other state or federal bankruptcy or insolvency laws, as amended from time to time, then (i) Landlord shall have the right (in addition to Landlord’s other rights to draw upon the Letter of Credit and without the requirement for notice to
Tenant under any provision of this Lease or otherwise) to immediately present such Letter of Credit to the issuing bank, in accordance with the terms hereof, and draw the entire amount of such Letter of Credit, which funds shall be held by Landlord
and applied against Tenant’s obligations under this Lease provided that, at Landlord’s option, amounts drawn under the Letter of Credit shall be deemed to be applied first to the payment of Rent due Landlord for all periods prior to the
filing of the petition. 

  
 G-7 

 8. Transfer of Letter of Credit by Landlord. In the event of a transfer of Landlord’s
interest in this Lease, Landlord shall have the right to transfer the Letter of Credit to the transferee, without cost to Landlord, and thereupon Landlord shall, without any further agreement being required between the parties, be released by Tenant
from all liability therefor, and it is agreed that the provisions hereof shall apply to every transfer or assignment of such Letter of Credit by Landlord to any successor to Landlord’s interest under this Lease. 

9. No Assignment by Tenant. Tenant shall not transfer, assign or otherwise encumber the Letter of Credit or any part thereof. Neither
Landlord nor its successors or assigns will be bound by any such attempted assignment, transfer or encumbrance by Tenant. 

  
 G-8EX-10.14

 Exhibit 10.14 
  

 
  

CREDIT AGREEMENT 
 dated as of

 August 27, 2013, 
 among

 BOX, INC., 
 as Borrower,

 THE LENDERS PARTY HERETO 

and 
 CREDIT SUISSE AG, CAYMAN
ISLANDS BRANCH, 
 as Administrative Agent and Collateral Agent 

CREDIT SUISSE SECURITIES (USA) LLC 

as Sole Bookrunner and Sole Lead Arranger 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE 1 Definitions
	  	 	1	  
			
	 Section 1.01.
	 	 Defined Terms
	  	 	1	  
	 Section 1.02.
	 	 Terms Generally
	  	 	26	  
	 Section 1.03.
	 	 Classification of Loans and Borrowings
	  	 	27	  
		
	 ARTICLE 2 The Credits
	  	 	27	  
			
	 Section 2.01.
	 	 Commitments
	  	 	27	  
	 Section 2.02.
	 	 Loans
	  	 	27	  
	 Section 2.03.
	 	 Borrowing Procedure
	  	 	28	  
	 Section 2.04.
	 	 Evidence of Debt; Repayment of Loans
	  	 	29	  
	 Section 2.05.
	 	 Fees
	  	 	30	  
	 Section 2.06.
	 	 Interest on Loans
	  	 	30	  
	 Section 2.07.
	 	 Default Interest
	  	 	31	  
	 Section 2.08.
	 	 Alternate Rate of Interest
	  	 	31	  
	 Section 2.09.
	 	 Termination and Reduction of Commitments
	  	 	31	  
	 Section 2.10.
	 	 Conversion and Continuation of Borrowings
	  	 	32	  
	 Section 2.11.
	 	 Voluntary Prepayment
	  	 	33	  
	 Section 2.12.
	 	 Mandatory Prepayments
	  	 	33	  
	 Section 2.13.
	 	 Increased Costs; Capital Adequacy
	  	 	34	  
	 Section 2.14.
	 	 Change in Legality
	  	 	35	  
	 Section 2.15.
	 	 Breakage
	  	 	36	  
	 Section 2.16.
	 	 Pro Rata Treatment
	  	 	36	  
	 Section 2.17.
	 	 Sharing of Setoffs
	  	 	36	  
	 Section 2.18.
	 	 Payments
	  	 	37	  
	 Section 2.19.
	 	 Taxes
	  	 	37	  
	 Section 2.20.
	 	 Assignment of Commitments under Certain Circumstances; Duty to Mitigate
	  	 	42	  
	 Section 2.21.
	 	 Defaulting Lender
	  	 	43	  
	 Section 2.22.
	 	 Incremental Facilities
	  	 	44	  
	 Section 2.23.
	 	 Amend and Extend Transactions
	  	 	45	  
		
	 ARTICLE 3 Representations and Warranties
	  	 	47	  
			
	 Section 3.01.
	 	 Organization; Powers
	  	 	47	  
	 Section 3.02.
	 	 Authorization
	  	 	47	  
	 Section 3.03.
	 	 Enforceability
	  	 	47	  
	 Section 3.04.
	 	 Governmental Approvals
	  	 	48	  
	 Section 3.05.
	 	 Financial Statements
	  	 	48	  
	 Section 3.06.
	 	 No Material Adverse Effect
	  	 	48	  
	 Section 3.07.
	 	 Title to Properties; Possession under Leases
	  	 	48	  
	 Section 3.08.
	 	 Subsidiaries
	  	 	49	  

							
	 Section 3.09.
	 	 Litigation; Compliance with Laws
	  	 	49	  
	 Section 3.10.
	 	 Agreements
	  	 	49	  
	 Section 3.11.
	 	 Federal Reserve Regulations
	  	 	50	  
	 Section 3.12.
	 	 Investment Company Act
	  	 	50	  
	 Section 3.13.
	 	 Use of Proceeds
	  	 	50	  
	 Section 3.14.
	 	 Taxes
	  	 	50	  
	 Section 3.15.
	 	 No Material Misstatements
	  	 	50	  
	 Section 3.16.
	 	 Employee Benefit Plans
	  	 	50	  
	 Section 3.17.
	 	 Environmental Matters
	  	 	51	  
	 Section 3.18.
	 	 Insurance
	  	 	52	  
	 Section 3.19.
	 	 Security Documents
	  	 	52	  
	 Section 3.20.
	 	 Location of Real Property and Leased Premises
	  	 	53	  
	 Section 3.21.
	 	 Intellectual Property
	  	 	53	  
	 Section 3.22.
	 	 Labor Matters
	  	 	53	  
	 Section 3.23.
	 	 Solvency
	  	 	53	  
	 Section 3.24.
	 	 Sanctioned Persons
	  	 	54	  
	 Section 3.25.
	 	 Foreign Corrupt Practices Act
	  	 	54	  
	 Section 3.26.
	 	 Anti-Terrorism Law
	  	 	54	  
		
	 ARTICLE 4 Conditions of Lending
	  	 	54	  
			
	 Section 4.01.
	 	 All Credit Events
	  	 	54	  
	 Section 4.02.
	 	 First Credit Event
	  	 	55	  
		
	 ARTICLE 5 Affirmative Covenants
	  	 	57	  
			
	 Section 5.01.
	 	 Existence; Compliance with Laws; Businesses and Properties
	  	 	58	  
	 Section 5.02.
	 	 Insurance
	  	 	58	  
	 Section 5.03.
	 	 Obligations and Taxes
	  	 	59	  
	 Section 5.04.
	 	 Financial Statements, Reports, etc.
	  	 	60	  
	 Section 5.05.
	 	 Litigation and Other Notices
	  	 	61	  
	 Section 5.06.
	 	 Information Regarding Collateral
	  	 	61	  
	 Section 5.07.
	 	 Maintaining Records; Access to Properties and Inspections
	  	 	62	  
	 Section 5.08.
	 	 Use of Proceeds
	  	 	62	  
	 Section 5.09.
	 	 Employee Benefits
	  	 	62	  
	 Section 5.10.
	 	 Compliance with Environmental Laws
	  	 	62	  
	 Section 5.11.
	 	 Preparation of Environmental Reports
	  	 	63	  
	 Section 5.12.
	 	 Further Assurances
	  	 	63	  
		
	 ARTICLE 6 Negative Covenants
	  	 	64	  
			
	 Section 6.01.
	 	 Indebtedness
	  	 	64	  
	 Section 6.02.
	 	 Liens
	  	 	66	  
	 Section 6.03.
	 	 Sale and Lease-Back Transactions
	  	 	67	  
	 Section 6.04.
	 	 Investments, Loans and Advances
	  	 	68	  
	 Section 6.05.
	 	 Mergers and Consolidations
	  	 	69	  

  
 ii 

							
	 Section 6.06.
	 	 Dispositions
	  	 	70	  
	 Section 6.07.
	 	 Restricted Payments; Restrictive Agreements
	  	 	70	  
	 Section 6.08.
	 	 Transactions with Affiliates
	  	 	71	  
	 Section 6.09.
	 	 Business of the Borrower and Subsidiaries
	  	 	71	  
	 Section 6.10.
	 	 Other Indebtedness and Agreements
	  	 	71	  
	 Section 6.11.
	 	 Minimum Liquidity
	  	 	72	  
	 Section 6.12.
	 	 Fiscal Year
	  	 	72	  
	 Section 6.13.
	 	 Certain Equity Securities
	  	 	72	  
		
	 ARTICLE 7 Events of Default
	  	 	72	  
			
	 Section 7.01.
	 	 Events of Default
	  	 	72	  
	 Section 7.02.
	 	 Application of Proceeds
	  	 	75	  
		
	 ARTICLE 8 The Administrative Agent and the Collateral Agent
	  	 	75	  
			
	 Section 8.01.
	 	 Appointment and Authority
	  	 	75	  
	 Section 8.02.
	 	 Rights as a Lender
	  	 	75	  
	 Section 8.03.
	 	 Exculpatory Provisions
	  	 	75	  
	 Section 8.04.
	 	 Reliance by Administrative Agent
	  	 	76	  
	 Section 8.05.
	 	 Delegation of Duties
	  	 	77	  
	 Section 8.06.
	 	 Resignation of the Administrative Agent
	  	 	77	  
	 Section 8.07.
	 	 Non-Reliance on Administrative Agent and Other Lenders
	  	 	77	  
	 Section 8.08.
	 	 No Other Duties, etc.
	  	 	78	  
	 Section 8.09.
	 	 Agent May File Proofs of Claim
	  	 	78	  
	 Section 8.10.
	 	 Collateral and Guarantee Matters
	  	 	78	  
		
	 ARTICLE 9 Miscellaneous
	  	 	79	  
			
	 Section 9.01.
	 	 Notices; Electronic Communications
	  	 	79	  
	 Section 9.02.
	 	 Survival of Agreement
	  	 	82	  
	 Section 9.03.
	 	 Binding Effect
	  	 	83	  
	 Section 9.04.
	 	 Successors and Assigns
	  	 	83	  
	 Section 9.05.
	 	 Expenses; Indemnity
	  	 	88	  
	 Section 9.06.
	 	 Right of Setoff
	  	 	89	  
	 Section 9.07.
	 	 Waivers; Amendment
	  	 	90	  
	 Section 9.08.
	 	 Interest Rate Limitation
	  	 	91	  
	 Section 9.09.
	 	 Entire Agreement
	  	 	91	  
	 Section 9.10.
	 	 WAIVER OF JURY TRIAL
	  	 	92	  
	 Section 9.11.
	 	 Severability
	  	 	92	  
	 Section 9.12.
	 	 Counterparts
	  	 	92	  
	 Section 9.13.
	 	 Headings
	  	 	92	  
	 Section 9.14.
	 	 Applicable Law
	  	 	93	  
	 Section 9.15.
	 	 Jurisdiction; Consent to Service of Process
	  	 	93	  
	 Section 9.16.
	 	 Electronic Execution of Assignments
	  	 	93	  
	 Section 9.17.
	 	 Confidentiality
	  	 	94	  
	 Section 9.18.
	 	 Lender Action
	  	 	94	  

  
 iii 

							
	 Section 9.19.
	 	 USA PATRIOT Act Notice
	  	 	95	  
	 Section 9.20.
	 	 No Fiduciary Duty
	  	 	95	  

  

					
	 SCHEDULES
	 		    	
			
	 Schedule 1.01(a)
	 	-	    	 Disqualified Lenders

	 Schedule 1.01(b)
	 	-	    	 Guarantors

	 Schedule 1.01(c)
	 	-	    	 Immaterial Subsidiaries

	 Schedule 2.01(a)
	 	-	    	 Lenders and Commitments

	 Schedule 3.08
	 	-	    	 Subsidiaries

	 Schedule 3.18
	 	-	    	 Insurance

	 Schedule 3.19(a)
	 	-	    	 UCC Filing Offices

	 Schedule 3.20(a)
	 	-	    	 Owned Real Property

	 Schedule 3.20(b)
	 	-	    	 Leased Real Property

	 Schedule 6.01(a)
	 	-	    	 Existing Indebtedness

	 Schedule 6.02(a)
	 	-	    	 Existing Liens

			
	 EXHIBITS
	 		    	
			
	 Exhibit A
	 	-	    	 Form of Administrative Questionnaire

	 Exhibit B
	 	-	    	 Form of Affiliate Subordination Agreement

	 Exhibit C
	 	-	    	 Form of Assignment and Acceptance

	 Exhibit D
	 	-	    	 Form of Borrowing Request

	 Exhibit E
	 	-	    	 Form of Compliance Certificate

	 Exhibit F
	 	-	    	 Form of Guarantee and Collateral Agreement

	 Exhibit G
	 	-	    	 Form of Interest Election Request

	 Exhibit H
	 	-	    	 Form of Revolving Note

	 Exhibit I-1
	 	-	    	 Form of U.S. Tax Compliance Certificate

	 Exhibit I-2
	 	-	    	 Form of U.S. Tax Compliance Certificate

	 Exhibit I-3
	 	-	    	 Form of U.S. Tax Compliance Certificate

	 Exhibit I-4
	 	-	    	 Form of U.S. Tax Compliance Certificate

  
 iv 

 CREDIT AGREEMENT dated as of August 27, 2013 (this “Agreement”), among BOX,
INC., a Delaware corporation (the “Borrower”), the Lenders (such term and each other capitalized term used but not defined in these introductory statements having the meaning given it in Article 1) and CREDIT SUISSE AG, CAYMAN
ISLANDS BRANCH, as administrative agent (in such capacity, including any successor thereto, the “Administrative Agent”) and as collateral agent (in such capacity, including any successor thereto, the “Collateral
Agent”) for the Lenders. 
 The Borrower has requested that the Lenders extend credit in the form of revolving Loans to the
Borrower at any time and from time to time prior to the Maturity Date, in an aggregate principal amount at any time outstanding not in excess of $100,000,000. The proceeds of the Loans are to be used by the Borrower solely to (a) on the date of
the initial extension of credit hereunder, (i) consummate the Refinancing and (ii) pay the Transaction Costs and (b) from time to time for general corporate purposes of the Borrower and its Subsidiaries. 

The Lenders are willing to extend such credit to the Borrower on the terms and subject to the conditions set forth herein. Accordingly, the
parties hereto agree as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.01. Defined Terms. As used in this Agreement, the following terms shall have the meanings specified below: 

“ABR Loan” or “ABR Borrowing” shall mean a Loan or a Borrowing consisting of Loans bearing interest at a
rate determined by reference to the Alternate Base Rate. 
 “Acquired Entity” shall have the meaning assigned to such term
in Section 6.04(g). 
 “Additional Credit Extension Amendment” shall mean an amendment to this Agreement (which may,
at the option of the Administrative Agent, be in the form of an amendment and restatement of this Agreement) providing for any Incremental Commitments pursuant to Section 2.22, which shall be consistent with the applicable provisions of this
Agreement and otherwise satisfactory to the parties thereto. Each Additional Credit Extension Amendment shall be executed by the Administrative Agent, the Loan Parties and the other parties specified in Section 2.22 (but not any other Lender).
Any Additional Credit Extension Amendment may include conditions for delivery of opinions of counsel and other documentation consistent with the conditions in Sections 4.01 and/or 4.02, all to the extent reasonably requested by the
Administrative Agent or the other parties to such Additional Credit Extension Amendment. 
 “Additional Lender” shall mean,
at any time, any Person that is not an existing Lender and that agrees to provide any portion of any Incremental Commitments in accordance with Section 2.22 pursuant to an Additional Credit Extension Amendment;

 
provided that such Additional Lender shall be an Eligible Assignee with respect to the Commitments. 

“Adjusted LIBO Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum
equal to the product of (i) the LIBO Rate in effect for such Interest Period and (ii) Statutory Reserves. 

“Administrative Agent” shall have the meaning assigned to such term in the introductory statement to this Agreement. 

“Administrative Agent Fees” shall have the meaning assigned to such term in Section 2.05(b). 

“Administrative Questionnaire” shall mean an Administrative Questionnaire in the form of Exhibit A, or such other form
as may be supplied from time to time by the Administrative Agent. 
 “Affiliate” shall mean, when used with respect to a
specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified; provided, however, that, for purposes of the definition of
“Eligible Assignee” and Section 6.08 the term “Affiliate” shall also include any Person that directly or indirectly owns 5% or more of any class of Equity Interests of the Person specified or that is an officer or director
of the Person specified. 
 “Affiliate Subordination Agreement” shall mean an Affiliate Subordination Agreement in the form
of Exhibit B pursuant to which intercompany obligations and advances owed by any Loan Party are subordinated to the Obligations. 

“Agents” shall have the meaning assigned to such term in Article 8. 

“Aggregate Exposure” shall mean the aggregate amount of the Lenders’ Exposures. 

“Aggregate Incremental Amount” shall mean, at any time, the aggregate principal amount of Incremental Loans incurred at or
prior to such time (assuming all Incremental Commitments established at or prior to such time are fully drawn). 

“Agreement” shall have the meaning assigned to such term in the introductory statement hereto. 

“Agreement Value” shall mean, for each Hedging Agreement, on any date of determination, the maximum aggregate amount (giving
effect to any netting agreements) that the Borrower or the applicable Subsidiary would be required to pay if such Hedging Agreement was terminated on such date. 

“Alternate Base Rate” shall mean, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on
such day, (b) the Federal Funds Effective Rate 

  
 2 

 
in effect on such day plus 1/2 of 1.00% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business
Day) plus 1.00%; provided that, for the purpose of clause (c), the Adjusted LIBO Rate for any day shall be based on the rate determined on such day at approximately 11 a.m. (London time) by reference to the interest settlement rates set forth
by (x) the British Bankers’ Association, (y) any successor service or entity that has been authorized by the U.K. Financial Conduct Authority to administer the London Interbank Offered Rate or (z) any service selected by the
Administrative Agent that has been nominated by the relevant entity described in clause (x) or (y) of this proviso as an authorized information vendor for the purpose of displaying such rates. If the Administrative Agent shall have
determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Effective Rate for any reason, including the inability or failure of the Administrative Agent to obtain sufficient quotations
in accordance with the terms of the definition thereof, the Alternate Base Rate shall be determined without regard to clause (b) of the preceding sentence until the circumstances giving rise to such inability no longer exist. Any change in the
Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective on the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate,
as the case may be. 
 “Anti-Terrorism Laws” shall have the meaning assigned to such term in Section 3.26. 

“Applicable Margin” shall mean, for any day (a) with respect to any Eurodollar Loan, 3.00% per annum and
(b) with respect to any ABR Loan, 2.00% per annum. 
 “Approved Fund” shall mean, with respect to any Lender that
is a fund or commingled investment vehicle that invests in bank loans, any other fund that invests in bank loans and is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 

“Arranger” shall mean Credit Suisse Securities (USA) LLC. 

“Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Lender and an Eligible Assignee, and
accepted by the Administrative Agent, in the form of Exhibit C or such other form (including electronic documentation generated by MarkitClear or other electronic platform) as shall be approved by the Administrative Agent. 

“Availability” shall mean, as of any time of determination, an amount equal to (a) the aggregate amount of Commitments
in effect at such time minus (b) the Aggregate Exposure at such time. 
 “Bankruptcy Code” shall mean Title 11 of
the United States Code entitled “Bankruptcy”, as now and hereafter in effect, or any successor statute. 

  
 3 

 “Board” shall mean the Board of Governors of the Federal Reserve System of the
United States of America. 
 “Borrower” shall have the meaning assigned to such term in the introductory statement to this
Agreement. 
 “Borrower Materials” shall have the meaning assigned to such term in Section 9.01. 

“Borrower Notice” shall have the meaning assigned to such term in the definition of Real Estate Collateral Requirements. 

“Borrowing” shall mean Loans of the same Type made, converted or continued on the same date and, in the case of Eurodollar
Loans, as to which a single Interest Period is in effect. 
 “Borrowing Request” shall mean a request by the Borrower in
accordance with the terms of Section 2.03 and substantially in the form of Exhibit D, or such other form as shall be approved by the Administrative Agent. 

“Breakage Event” shall have the meaning assigned to such term in Section 2.15. 

“Business Day” shall mean any day other than a Saturday, Sunday or day on which banks in New York City are authorized or
required by law to close; provided that, when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in Dollar deposits in the London interbank
market. 
 “Capital Lease Obligations” of any Person shall mean the obligations of such Person to pay rent or other amounts
under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under
GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 A “Change in
Control” shall be deemed to have occurred if (a) prior to a Qualified Public Offering (x) the Permitted Investors shall fail to own and control, directly or indirectly, beneficially and of record, shares representing at least 51%
of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of the Borrower or (y) Aaron Levie and Dylan Smith shall together fail to own and control, directly or indirectly, beneficially and of record,
shares representing at least 80% of the Equity Interests of the Borrower owned by them as of the Closing Date, (b) after a Qualified Public Offering, any “person” or “group” (within the meaning of
Rule 13d-5 of the Exchange Act as in effect on the date hereof), other than the Permitted Investors, shall own, directly or indirectly, beneficially or of record, shares representing more than 35% of the aggregate ordinary voting power
represented by the issued and outstanding Equity Interests of the Borrower, (c) a majority of the seats (other than vacant seats) on the board of directors of the Borrower shall at any time be occupied by

  
 4 

 
persons who were neither (i) nominated by the board of directors of the Borrower nor (ii) appointed by directors so nominated or (d) any change in control (or similar event,
however denominated) with respect to the Borrower or any Subsidiary shall occur under and as defined in any indenture or agreement in respect of Material Indebtedness to which the Borrower or any Subsidiary is a party. 

“Change in Law” shall mean the occurrence, after the date of this Agreement, of any of the following: (a) the adoption
or taking effect of any law, rule or regulation, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any
request, rule, guideline or directive (whether or not having the force of law) of any Governmental Authority; provided that, notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection
Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith by any Governmental Authority and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the
Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law,”
regardless of the date enacted, adopted or issued. 
 “Charges” shall have the meaning assigned to such term in
Section 9.08. 
 “Class” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans
comprising such Borrowing, is or is not an Extended Loan and, when used in reference to any Commitment, refers to whether such Commitment is or is not an Extended Commitment. 

“Closing Date” shall mean August 27, 2013. 

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral” shall mean the “Collateral” as defined in any Security Agreement and the “Mortgaged
Property” as defined in any Mortgage. 
 “Collateral Agent” shall have the meaning assigned to such term in the
introductory statements to this Agreement. 
 “Commitment” shall mean, with respect to each Lender, the commitment of such
Lender to make Loans hereunder as is set forth on Schedule 2.01(a), or in the Assignment and Acceptance pursuant to which such Lender assumed its Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to
Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. 

“Commitment Period” shall mean the period from the Closing Date to but excluding the Termination Date.

  
 5 

 “Commitment Fee” shall have the meaning assigned to such term in
Section 2.05(a). 
 “Commodity Exchange Act” shall mean the Commodity Exchange Act (7 U.S.C. § 1 et seq.),
as amended from time to time, and any successor statute. 
 “Communications” shall have the meaning assigned to such term
in Section 9.01. 
 “Competitor” of the Borrower shall mean any entity or person in the business of content
collaboration and/or Enterprise Content Management (ECM) that is deployed on premise, hybrid, or via a software as a service delivery model and shall specifically include, without limitation, DropBox, Inc., Citrix Systems, Inc., Microsoft
Corporation, Google Inc., Accellion Inc., Egnyte, Inc., EMC Corporation, Alfresco Software, Inc., OpenText Corporation, International Business Machines Corporation, Oracle Corporation, Salesforce.com Inc., AirWatch, LLC, BigTinCan (BTC Dashboard),
Soonr, Inc., Watchdox, Inc. and Apple Inc. 
 “Compliance Certificate” shall mean a compliance certificate in the form of
Exhibit E. 
 “Control” shall mean the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and the terms “Controlling” and “Controlled” shall have meanings correlative
thereto. 
 “Cost Sharing Agreement” shall mean that Cost Sharing Agreement, dated as of June 25, 2013, between the
Borrower and Box Intl Technology Ltd. 
 “Credit Event” shall have the meaning assigned to such term in Section 4.01.

 “Credit Facilities” shall mean the revolving credit and incremental facilities provided for by this Agreement. 

“Credit Percentage” of any Lender at any time shall mean the percentage of the Total Commitment represented by such
Lender’s Commitment. In the event the Commitments shall have expired or been terminated, the Credit Percentages shall be determined on the basis of the Commitments most recently in effect, giving effect to any subsequent assignments. 

“Debtor Relief Laws” shall mean the Bankruptcy Code and all other liquidation, conservatorship, bankruptcy, assignment for
the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect. 

“Default” shall mean any event or condition which upon notice, lapse of time or both would constitute an Event of Default.

  
 6 

 “Defaulting Lender” shall mean, subject to Section 2.21(b), any Lender that
(a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that
such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable Default, shall be specifically identified in such writing) has not been
satisfied or (ii) pay to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within two (2) Business Days of the date when due, (b) has notified the Borrower or the Administrative Agent in
writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states
that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable Default, shall be specifically identified in such writing or public statement) cannot be
satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective
funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower) or (d) has, or has a
direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors
or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender
shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result
in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate,
disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and
binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.21(b)) upon delivery of written notice of such determination to the Borrower and each Lender. 

“Disposition” shall mean, with respect to any Person, (a) the sale, transfer, license, lease or other disposition (by
way of merger, casualty, condemnation or otherwise) of any property or asset of such Person (including, without limitation, any sale and leaseback transaction and the sale of any Equity Interest owned by such Person) to any other Person and
(b) the issuance of Equity Interests by a subsidiary of such Person to any other Person. 
 “Disqualified Lender”
shall have the meaning set forth on Schedule 1.01(a). 

  
 7 

 “Disqualified Stock” shall mean any Equity Interest that, by its terms (or by
the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily
redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, or requires the payment of any cash dividend or any other scheduled payment constituting a return of capital,
in each case at any time on or prior to the first anniversary of the Maturity Date or (b) is convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any Equity Interest
referred to in clause (a) above, in each case at any time prior to the first anniversary of the Maturity Date. 

“Dollars” or “$” shall mean lawful money of the United States of America. 

“Domestic Subsidiaries” shall mean all Subsidiaries other than Foreign Subsidiaries. 

“Eligible Assignee” shall mean (i) a Lender, (ii) an Affiliate of a Lender, (iii) an Approved Fund of a Lender
and (iv) any other Person (other than a natural person) with respect to whom all consents to assignment required hereunder (including under Section 9.04(b)(iii)) have been obtained; provided that notwithstanding the foregoing,
“Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates. 
 “Engagement
Letter” shall mean the Engagement Letter dated July 2, 2013, between the Borrower and Credit Suisse Securities (USA) LLC. 

“Environmental Laws” shall mean all former, current and future federal, state, local, supranational, and foreign laws
(including statutory and common law), treaties, regulations, rules, ordinances, codes, decrees, injunctions, judgments, governmental restrictions or requirements, directives, orders (including consent orders), permits, and agreements in each case,
relating to the indoor or outdoor environment, natural resources, human health and safety or the presence, Release of or exposure to pollutants, contaminants, wastes, chemicals or otherwise hazardous materials, or the generation, manufacture,
processing, distribution, use, treatment, storage, transport, recycling, disposal or handling of, or the arrangement for such activities, with respect to any pollutants, contaminants, wastes, chemicals or otherwise hazardous materials. 

“Environmental Liability” shall mean all liabilities, obligations, damages, losses, claims, actions, suits, judgments,
orders, fines, penalties, fees, indemnities, expenses and costs (including administrative oversight costs, natural resource damages and remediation costs), whether known or unknown, actual or potential, vested or unvested, or contingent or
otherwise, arising out of or relating to (a) any Environmental Law, (b) the generation, manufacture, processing, distribution, use, treatment, storage, transport, recycling, disposal or handling of, or the arrangement for such activities,
with respect to any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the presence or Release of any Hazardous Materials or (e) any contract, agreement or other 

  
 8 

 
consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interests” shall mean shares of capital stock, partnership interests, membership interests in a limited liability
company, beneficial interests in a trust or other equity interests in any Person and any option, warrant or other right entitling the holder thereof to purchase or otherwise acquire any such equity interest. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as the same may be amended from time to time. 

“ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that, together with the Borrower, is treated
as a single employer under Section 414(b) or (c) of the Code, or solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code. For the avoidance of
doubt, when any provision of this Agreement relates to a past event or period of time, the term “ERISA Affiliate” includes any person who was, as to the time of such past event or period of time, an “ERISA
Affiliate” within the meaning of the preceding sentence. 
 “ERISA Event” shall mean (a) any
“reportable event,” as defined in Section 4043 of ERISA or the regulations issued thereunder, with respect to a Plan (other than an event for which the 30-day notice period is waived), (b) the requirements of
Section 4043(b) of ERISA apply with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is
reasonably expected to occur with respect to such Plan, (c) a determination that any Plan is or is reasonably expected to be in “at risk” status (within the meaning of Section 430 of the Code or Section 303 of ERISA),
(d) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan, (e) the incurrence by the Borrower or any of its ERISA
Affiliates of any liability under Title IV of ERISA (other than non-delinquent premiums payable to the PBGC under Sections 4006 and 4007 of ERISA), (f) the termination, or the filing of a notice of intent to terminate, any Plan
pursuant to Section 4041(c) of ERISA, (g) the receipt by the Borrower or any of its ERISA Affiliates from the PBGC or a plan administrator of any notice relating to the intention to terminate any Plan or Plans or to appoint a trustee to
administer any Plan, (h) the cessation of operations at a facility of the Borrower or any ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA, (i) conditions contained in Section 303(k)(1)(A) of ERISA for
imposition of a lien shall have been met with respect to any Plan, (j) the receipt by the Borrower or any of its ERISA Affiliates of any notice, or the receipt by any Multiemployer Plan from the Borrower or any of its ERISA Affiliates of any
notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, “insolvent” (within the meaning of Section 4245 of ERISA), in “reorganization”
(within the meaning of Section 4241 of ERISA), or in “endangered” or “critical” status (within the meaning of Section 432 of the Code or Section 304 of ERISA), (k) the occurrence of a non-exempt
“prohibited transaction” with respect to which the 

  
 9 

 
Borrower or any of the Subsidiaries is a “disqualified person” (within the meaning of Section 4975 of the Code) or a “party in interest” (within the meaning
of Section 406 of ERISA) or with respect to which the Borrower, any such Subsidiary or their respective ERISA Affiliates could otherwise be liable, (l) any Foreign Benefit Event or (m) any other event or condition with respect to a
Plan or Multiemployer Plan that could result in liability of the Borrower or any Subsidiary. 
 “Eurodollar Loan” or
“Eurodollar Borrowing” shall mean a Loan or a Borrowing consisting of Loans bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 

“Events of Default” shall have the meaning assigned to such term in Section 7.01. 

“Evidence of Flood Insurance” shall have the meaning assigned to such term in the definition of Real Estate Collateral
Requirements. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Excluded Swap Obligations” shall mean, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or
a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) (after giving effect to any keepwell guarantee or other support agreement) is or
becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to
constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Guarantor or the grant of such security interest becomes effective with respect to such
Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee or security interest is
or becomes illegal. 
 “Excluded Taxes” shall mean, any of the following Taxes imposed on or with respect to a Recipient or
required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient
being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other
Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date
on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 2.20(a)) or (ii) such Lender changes its lending office, except in each case to the
extent that, pursuant to Section 2.19, amounts with respect to 

  
 10 

 
such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office,
(c) Taxes attributable to such Recipient’s failure to comply with Section 2.19(f) and (d) any U.S. federal withholding Taxes imposed under FATCA. 

“Executive Order” shall have the meaning assigned to such term in Section 3.26. 

“Existing Debt” shall mean any and all outstanding principal, accrued interest and fees under (i) that certain Loan and
Security Agreement by and between the Borrower and Hercules Technology Growth Capital, Inc., dated as of August 23, 2011, as amended on March 28, 2012 and (ii) that certain Loan and Security Agreement by and between the Borrower and
Hercules Technology Growth Capital, Inc., dated as of March 28, 2012, as amended on June 13, 2012. 
 “Exposure”
shall mean, with respect to any Lender at any time, the aggregate principal amount at such time of all outstanding Loans of such Lender. 

“Extended Commitment” shall mean any Class of Commitments the maturity of which shall have been extended pursuant to
Section 2.23. 
 “Extended Loans” shall mean any Loans made pursuant to the Extended Commitments. 

“Extension” shall have the meaning assigned to such term in Section 2.23(a). 

“Extension Offer” shall have the meaning assigned to such term in Section 2.23(a). 

“FATCA” shall mean Sections 1471 through 1474 of the Code as of the date of this Agreement (or any amended or successor
version that is substantively comparable) and any current or future regulations or official interpretations thereof. 
 “Federal
Funds Effective Rate” shall mean, for any day, the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding
Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for the day for such transactions received by the Administrative Agent from three Federal
funds brokers of recognized standing selected by it. 
 “Fees” shall mean the Commitment Fees and the Administrative Agent
Fees. 
 “Financial Officer” of any Person shall mean the chief financial officer, principal accounting officer, treasurer
or controller of such Person. 
 “Flood Laws” shall have the meaning assigned to such term in the definition of Real Estate
Collateral Requirements. 

  
 11 

 “Foreign Benefit Event” shall mean, with respect to any Foreign Pension Plan,
(a) the existence of unfunded liabilities in excess of the amount permitted under any applicable law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority, (b) the failure to make the required
contributions or payments, under any applicable law, on or before the due date for such contributions or payments, (c) the receipt of a notice by a Governmental Authority relating to the intention to terminate any such Foreign Pension Plan or
to appoint a trustee or similar official to administer any such Foreign Pension Plan, or alleging the insolvency of any such Foreign Pension Plan, (d) the incurrence of any liability in excess of $5,000,000 by the Borrower or any Subsidiary
under applicable law on account of the complete or partial termination of such Foreign Pension Plan or the complete or partial withdrawal of any participating employer therein, or (e) the occurrence of any transaction that is prohibited under
any applicable law and that has resulted or could reasonably be expected to result in the incurrence of any liability by the Borrower or any of the Subsidiaries, or the imposition on the Borrower or any of the Subsidiaries of any fine, excise tax or
penalty resulting from any noncompliance with any applicable law, in each case in excess of $5,000,000. 
 “Foreign Lender”
shall mean (a) with respect to a Borrower that is a U.S. Person, a Lender that is not a U.S. Person and (b) with respect to a Borrower that is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other
than that in which the Borrower is resident for tax purposes. 
 “Foreign Pension Plan” shall mean any benefit plan that
under applicable law other than the laws of the United States or any political subdivision thereof, is required to be funded through a trust or other funding vehicle other than a trust or funding vehicle maintained exclusively by a Governmental
Authority. 
 “Foreign Subsidiary” shall mean any Subsidiary that is a “controlled foreign corporation” within
the meaning of Section 957 of the Code (and any subsidiary of such person). 
 “GAAP” shall mean United States
generally accepted accounting principles applied on a basis consistent with the financial statements referenced in Section 4.02(j). 

“Governmental Authority” shall mean any federal, state, local, supranational or foreign court or governmental agency,
registry, authority, instrumentality or regulatory body. 
 “Guarantee” of or by any Person shall mean any obligation,
contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and
including any obligation of such Person, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase
of) any security for the payment of such Indebtedness or other obligation, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment of such

  
 12 

 
Indebtedness or other obligation or (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such Indebtedness or other obligation; provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. 

“Guarantee and Collateral Agreement” shall mean the Guarantee and Collateral Agreement, in the form of Exhibit F, among
the Borrower, the Subsidiaries party thereto and the Collateral Agent for the benefit of the Secured Parties. 

“Guarantor” shall mean each wholly-owned Domestic Subsidiary listed on Schedule 1.01(b), and each other wholly-owned
Domestic Subsidiary that is or becomes a party to the Guarantee and Collateral Agreement. 
 “Hazardous Materials” shall
mean (a) any petroleum products, derivatives or byproducts and all other hydrocarbons, coal ash, radon gas, lead, asbestos and asbestos-containing materials, toxic mold, urea formaldehyde foam insulation, polychlorinated biphenyls, infectious
or medical wastes and chlorofluorocarbons and all other ozone-depleting substances, (b) any pollutant, contaminant, waste or chemical or any toxic, radioactive, ignitable, corrosive, reactive or otherwise hazardous substance, waste or material,
or any substance, waste or material having any constituent elements displaying any of the foregoing characteristics or (c) any substance, waste or material that is prohibited, limited or regulated by or pursuant to or which can form the basis
for liability under any Environmental Law. 
 “Hedging Agreement” shall mean any interest rate protection agreement,
foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement. 

“Immaterial Subsidiaries” shall mean one or more Subsidiaries for which, (a) the assets of all such designated
Subsidiaries constitute, in the aggregate, no more than 5% of the total assets of the Borrower and its Subsidiaries on a consolidated basis (determined as of the last day of the most recent fiscal quarter of the Borrower for which financial
statements have been delivered pursuant to Section 5.04(a) or 5.04(b)), and (b) the revenues of such Subsidiaries, in the aggregate, account for no more than 5% of the total revenues of the Borrower and its Subsidiaries on a consolidated
basis for the twelve-month period ending on the last day of the most recent fiscal quarter of the Borrower for which financial statements have been delivered pursuant to Section 5.04(a) or 5.04(b). The Borrower shall notify the Administrative
Agent quarterly as to all Immaterial Subsidiaries as provided in Section 5.04(c). The Borrower may designate and re-designate a Subsidiary as an Immaterial Subsidiary at any time, subject to the terms set forth in this definition. As of the
Closing Date, the Immaterial Subsidiaries are set forth on Schedule 1.01(c). 
 “Incremental Cap” shall mean
$50,000,000. 

  
 13 

 “Incremental Commitment” shall mean the commitment of any Lender, established
pursuant to Section 2.22, to make an Incremental Loan to the Borrower. 
 “Incremental Lender” shall mean a Lender
with an Incremental Commitment or an outstanding Incremental Loan. 
 “Incremental Loans” shall mean Loans made by one or
more Incremental Lenders to the Borrower pursuant to their Incremental Commitments. Incremental Loans may only be made in the form of additional Loans. 

“Indebtedness” of any Person shall mean, without duplication, (a) all obligations of such Person for borrowed money,
(b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest charges are customarily paid, (d) all obligations of such Person under conditional
sale or other title retention agreements relating to property or assets purchased by such Person, (e) all obligations of such Person for the deferred purchase price of property or services (excluding trade accounts payable and accrued
obligations incurred in the ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or
acquired by such Person, whether or not the obligations secured thereby have been assumed, (g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of such Person, (i) net obligations of such
Person under any Hedging Agreements, valued at the Agreement Value thereof, (j) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity Interests of such Person or any other
Person or any warrants, rights or options to acquire such equity interests, valued, in the case of redeemable preferred interests, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends, (k) all
obligations of such Person as an account party in respect of letters of credit and (l) all obligations of such Person in respect of bankers’ acceptances. The Indebtedness of any Person shall include the Indebtedness of any partnership in
which such Person is a general partner. 
 “Indemnified Taxes” shall mean (a) Taxes, other than Excluded Taxes,
imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee” shall have the meaning assigned to such term in Section 9.05(b). 

“Information” shall have the meaning assigned to such term in Section 9.17. 

“Intellectual Property” shall have the meaning assigned to such term in the Guarantee and Collateral Agreement. 

“Interest Election Request” shall mean a request by the Borrower in accordance with the terms of Section 2.10 and
substantially in the form of Exhibit G or such other form as shall be approved by the Administrative Agent. 

  
 14 

 “Interest Payment Date” shall mean (a) with respect to any ABR Loan, the
last Business Day of each March, June, September and December and (b) with respect to any Eurodollar Borrowing, the last day of the Interest Period applicable to such Borrowing and, in the case of a Eurodollar Borrowing with an
Interest Period of more than three months’ duration, each day that would have been an Interest Payment Date had successive Interest Periods of three months’ duration been applicable to such Borrowing. 

“Interest Period” shall mean, with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing
and ending on the numerically corresponding day in the calendar month that is one (1), two (2), three (3) or six (6) months thereafter, as the Borrower may elect; provided that (a) if any Interest Period would end on a day
other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding
Business Day, (b) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to clause
(c), end on the last Business Day of the calendar month at the end of such Interest Period and (c) no Interest Period for any Borrowing shall extend beyond the applicable Maturity Date. Interest shall accrue from and including the first day of
an Interest Period to but excluding the last day of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent
conversion or continuation of such Borrowing. 
 “Investment” shall mean, as to any Person, any direct or indirect
acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests or Indebtedness or other securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or
assumption of Indebtedness of, or purchase or other acquisition of any other Indebtedness or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person or (c) the purchase or
other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another Person or assets constituting a business unit, line of business or division of such Person. For purposes
of compliance with Section 6.04, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment but (x) giving effect to any returns or
distributions of capital or repayment of principal actually received in cash by such Person with respect thereto, whether by disposition, return on capital, dividend or otherwise or (y) in the case of any Investment by a Loan Party in any
Foreign Subsidiary, as reduced by any cash payments received by such Loan Party from any Foreign Subsidiary pursuant to the Management and Services Agreement or the Cost Sharing Agreement. 

“Investment Company Act” shall mean the Investment Company Act of 1940, as amended from time to time. 

“IRS” shall mean the United States Internal Revenue Service. 

  
 15 

 “Latest Maturity Date” shall mean, at any time, the latest maturity or
expiration date applicable to any Loan or Commitment (or, if so specified, applicable to the specified Loans or Commitments of the Class thereof) hereunder at such time. 

“Lenders” shall mean (a) the Persons listed on Schedule 2.01(a) and (b) any Person that has become a party
hereto as a Lender pursuant to an Assignment and Acceptance, Additional Credit Extension Amendment or otherwise in accordance with this Agreement, in each case other than any such Person that has ceased to be a party hereto pursuant to an Assignment
and Acceptance. 
 “LIBO Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest Period, the rate per
annum determined by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the commencement of such Interest Period by reference to the interest settlement rates for deposits in Dollars (as
set forth by (a) the British Bankers’ Association, (b) any successor service or entity that has been authorized by the U.K. Financial Conduct Authority to administer the London Interbank Offered Rate or (c) any service selected
by the Administrative Agent that has been nominated by the relevant entity described in clause (a) or (b) above as an authorized information vendor for the purpose of displaying such rates) for a period equal to such Interest Period;
provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “LIBO Rate” shall be the interest rate per annum determined by the Administrative Agent (including
by reference to any applicable published market data) to be the average of the rates per annum at which deposits in Dollars are offered for such relevant Interest Period to major banks in the London interbank market in London, England by the
Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the beginning of such Interest Period. 

“Lien” shall mean (a) with respect to any asset, (i) any mortgage, deed of trust, lien (statutory or other),
pledge, hypothecation, assignment, deposit arrangement, encumbrance, charge, preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever in or on such asset and (ii) the interest of a vendor or a
lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same effect as any of the foregoing) relating to such asset and (b) in the case of securities, any purchase
option, call or similar right of a third party with respect to such securities. 
 “Liquidity” shall mean, at any time of
determination, the sum of (a) Availability at such time and (b) the amount of Unrestricted Cash at such time. 

“Loans” shall mean the revolving loans made by the Lenders to the Borrower pursuant to Section 2.01. 

“Loan Documents” shall mean this Agreement, the Security Documents, the Notes and any other document executed in connection
with the foregoing. 
 “Loan Parties” shall mean the Borrower and the Guarantors. 

  
 16 

 “Management and Services Agreement” shall mean a Management and Services
Agreement between the Borrower and Box.com (UK) Ltd substantially in the form delivered to the Administrative Agent prior to the Closing Date. 

“Margin Stock” shall have the meaning assigned to such term in Regulation U. 

“Material Adverse Effect” shall mean a material adverse effect on (a) the business, operations, property or condition,
financial or otherwise, of the Borrower and the Subsidiaries, taken as a whole, (b) the ability of the Borrower and the Guarantors, taken as a whole, to perform their payment obligations under the Loan Documents or (c) the rights and
remedies of or benefits available to the Lenders under the Loan Documents. 
 “Material Indebtedness” shall mean
Indebtedness (other than the Loans) of any one or more of the Borrower or any Subsidiary in an aggregate principal amount exceeding $5,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the
obligations of the Borrower or any Subsidiary in respect of any Hedging Agreement at any time shall be the Agreement Value of such Hedging Agreement at such time. 

“Maturity Date” shall mean August 27, 2015 (or, if such day is not a Business Day, the next preceding Business Day).

 “Maximum Rate” shall have the meaning assigned to such term in Section 9.08. 

“Moody’s” shall mean Moody’s Investors Service, Inc., or any successor thereto. 

“Mortgaged Properties” shall mean, each parcel of real property and improvements thereto with respect to which a Mortgage is
granted pursuant to Section 5.12. 
 “Mortgages” shall mean the mortgages, deeds of trust, deeds to secure debt and
other similar security documents delivered pursuant to Section 5.12, each in form and substance reasonably satisfactory to the Collateral Agent and the Borrower. 

“Multiemployer Plan” shall mean a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 

“Net Cash Proceeds” shall mean (a) with respect to any Disposition, the cash proceeds (including cash proceeds
subsequently received (as and when received) in respect of noncash consideration initially received), net of (i) selling expenses (including broker’s fees or commissions, investment banking fees, legal fees, accountants’ fees,
transfer and similar taxes and the Borrower’s good faith estimate of income taxes paid or payable in connection with such sale), (ii) amounts provided as a reserve, in accordance with GAAP, against any retained liabilities or liabilities
under any indemnification obligations or purchase price adjustment associated with such Disposition (provided that, to the extent and at the time any such amounts are released from such reserve, such amounts shall constitute Net Cash
Proceeds) and (iii) the principal amount, premium or 

  
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penalty, if any, interest and other amounts on any Indebtedness which is secured by the asset sold in such Disposition and which is required to be repaid with such proceeds (other than
(x) Indebtedness hereunder and (y) any such Indebtedness assumed by the purchaser of such asset) and (b) with respect to any issuance of Equity Interests, the cash proceeds thereof, net of all taxes and customary fees, commissions,
costs and other expenses incurred in connection therewith. 
 “NFIP” shall have the meaning assigned to such term in the
definition of Real Estate Collateral Requirements. 
 “Non-Defaulting Lender” shall mean, at any time, each Lender that is
not a Defaulting Lender at such time. 
 “Notes” shall mean any promissory notes evidencing the Loans, executed and
delivered pursuant to Section 2.04(e) and in the form of Exhibit H. 
 “Obligations” shall mean (i) all
principal of all Loans, all interest (including Post-Petition Interest) on such Loans and all other amounts now or hereafter payable by the Borrower pursuant to the Loan Documents and (ii) all obligations of a Loan Party to any Qualified
Counterparty under any Secured Hedging Agreements, excluding in the case of this clause (ii), the Excluded Swap Obligations. 

“OFAC” shall have the meaning assigned to such term in Section 3.24. 

“Other Connection Taxes” shall mean, with respect to any Recipient, Taxes imposed as a result of a present or former
connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under or engaged in any other transaction pursuant to or enforced any Loan Document). 
 “Other
Taxes” shall mean all present or future stamp, court or documentary, intangible, property, excise, mortgage, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, recording, performance,
enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an
assignment made pursuant to Section 2.20(a)). 
 “Participant” shall have the meaning assigned to such term in
Section 9.04(d). 
 “Participant Register” shall have the meaning assigned to such term in Section 9.04(d). 

“PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA. 

  
 18 

 “Perfection Certificate” shall mean the Perfection Certificate substantially in
the form of Exhibit E to the Guarantee and Collateral Agreement. 
 “Permitted Acquisition” shall have the meaning
assigned to such term in Section 6.04(g). 
 “Permitted Investments” shall mean: 

(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of
America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within one year from the date of issuance thereof; 

(b) investments in commercial paper maturing within 270 days from the date of issuance thereof and having, at such date of acquisition, a
rating of at least “Prime 1” (or the then equivalent grade) by Moody’s or “A-1” (or the then equivalent grade) by S&P; 

(c) investments in certificates of deposit, banker’s acceptances and time deposits maturing within one year from the date of acquisition
thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, the Administrative Agent or any domestic office of any commercial bank organized under the laws of the United States of America or any State
thereof that has a combined capital and surplus and undivided profits of not less than $500,000,000 and that issues (or the parent of which issues) commercial paper rated at least “Prime 1” (or the then equivalent grade) by
Moody’s or “A-1” (or the then equivalent grade) by S&P; 
 (d) fully collateralized repurchase agreements with a
term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria of clause (c) above; 

(e) investments in “money market funds” within the meaning of Rule 2a-7 of the Investment Company Act of 1940, as
amended, substantially all of whose assets are invested in investments of the type described in clauses (a) through (d) above; and 

(f) other short-term investments utilized by Foreign Subsidiaries in accordance with normal investment practices for cash management in
investments of a type analogous to the foregoing. 
 “Permitted Investors” shall mean (a) Aaron Levie, (b) Dylan
Smith, (c) Dan Levin, (d) Andreessen Horowitz, (e) Bessemer Venture Partners, (f) Coatue Management, (g) Draper Fisher Jurvetson, (h) Emergence Capital Partners, (i) General Atlantic Partners, (j) Hercules
Technology Growth Capital, (k) Intel Capital, (l) Meritech Capital, (m) New Enterprise Associates, (n) SAP Ventures, (o) Scale Venture Partners, (p) The Social+Capital Partnership, (q) U.S. Venture Partners,
(r) any other Person that is reasonably acceptable to the Administrative Agent and that becomes a holder of voting common or preferred Equity Interests of the Borrower on or prior to the date that is 90

  
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days after the Closing Date and (s) any Affiliate of any of the foregoing (other than any portfolio company thereof). 

“Permitted Refinancing” shall mean, with respect to any Person, any refinancing, refunding, renewal or extension or similar
modification of any Indebtedness of such Person (the “Refinanced Indebtedness”); provided that (a) the principal amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted value,
if applicable) of the Refinanced Indebtedness except by an amount equal to any interest capitalized with, any premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such modification, refinancing,
refunding, renewal or extension, (b) such modification, refinancing, refunding, renewal or extension has a final maturity date equal to or later than the final maturity date of, and has a weighted average life to maturity equal to or longer
than the weighted average life to maturity of, the Refinanced Indebtedness, (c) if the Refinanced Indebtedness is subordinated in right of payment to the Obligations, such modification, refinancing, refunding, renewal or extension is
subordinated in right of payment to the Obligations on terms at least as favorable, taken as a whole, to the Lenders as those contained in the documentation governing the Refinanced Indebtedness, (d) at the time thereof, no Default or Event of
Default shall have occurred and be continuing, (e) if the Refinanced Indebtedness is secured, the terms and conditions relating to collateral of any such modified, refinanced, refunded, renewed or extended Indebtedness, taken as a whole, are
not materially less favorable to the Loan Parties than the terms and conditions with respect to the Collateral of the Refinanced Indebtedness, taken as a whole (and the Liens on any Collateral securing any such modified, refinanced, refunded,
renewed or extended Indebtedness shall have the same (or lesser) priority as the Refinanced Indebtedness relative to the Liens on the Collateral securing the Obligations), (f) the terms and conditions (excluding any subordination, pricing,
fees, rate floors, discounts, premiums and optional prepayment or redemption terms) of such modified, refinanced, refunded, renewed or extended Indebtedness, taken as a whole, shall not be materially less favorable to the Loan Parties than the
Refinanced Indebtedness, except for covenants or other provisions applicable only to periods after the Latest Maturity Date and (g) such modification, refinancing, refunding, renewal or extension is incurred by the Person who is the obligor on
the Refinanced Indebtedness. 
 “Person” shall mean any natural person, corporation, business trust, joint venture,
association, company, limited liability company, partnership, Governmental Authority or other entity. 
 “Plan” shall mean
any employee pension benefit plan (other than a Multiemployer Plan) that is covered by Section 4021 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is or, if such plan were terminated under Section 4069 of ERISA,
would be, deemed to be an “employer” as defined in Section 3(5) of ERISA. 
 “Platform” shall have
the meaning assigned to such term in Section 9.01. 

  
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 “Post-Petition Interest” shall mean any interest that accrues after the
commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of any one or more of the Loan Parties (or would accrue but for the operation of applicable Debtor Relief Laws), whether or not such
interest is allowed or allowable as a claim in any such proceeding. 
 “Prime Rate” shall mean the rate of interest per
annum determined from time to time by Credit Suisse AG as its prime rate in effect at its principal office in New York City and notified to the Borrower. The prime rate is a rate set by Credit Suisse AG based upon various factors including Credit
Suisse AG’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such rate. 

“Public Lender” shall have the meaning assigned to such term in Section 9.01. 

“Qualified Capital Stock” of any Person shall mean any Equity Interest of such Person that is not Disqualified Stock. 

“Qualified Counterparty” shall mean, with respect to any Hedging Agreement, any counterparty thereto that, at the time such
Hedging Agreement was entered into, was a Lender, the Administrative Agent, the Arranger or any of their respective Affiliates. 

“Qualified Public Offering” shall mean the initial underwritten public offering of common Equity Interests of the Borrower
pursuant to an effective registration statement filed with the Securities and Exchange Commission in accordance with the Securities Act that results in at least $175,000,000 of Net Cash Proceeds to the Borrower. 

“Real Estate Collateral Requirements” shall mean the requirement with respect to the Mortgaged Properties as required by
Section 5.12, that the Collateral Agent shall have received a Mortgage for each Mortgaged Property in form and substance reasonably acceptable to the Collateral Agent and suitable for recording or filing, together with, with respect to each
Mortgage, the following documents: (a) a fully paid policy of title insurance (or “pro forma” or marked up commitment having the same effect of a title insurance policy) (i) in form and substance reasonably acceptable to
the Collateral Agent insuring the Lien of the Mortgage encumbering such property as a valid first priority Lien, (ii) in an amount reasonably satisfactory to the Collateral Agent, (iii) issued by a nationally recognized title insurance
company reasonably satisfactory to the Collateral Agent (the “Title Company”) and (iv) that includes (A) such coinsurance and direct access reinsurance as the Collateral Agent may reasonably deem necessary or
desirable and (B) such endorsements or affirmative insurance reasonably required by the Collateral Agent and available in the applicable jurisdiction (including, without limitation, endorsements on matters relating to usury, first loss, last
dollar, zoning, revolving credit, doing business, variable rate, address, separate tax lot, subdivision, tie in or cluster, contiguity, access and so-called comprehensive coverage over covenants and restrictions), (b) with respect to any
property located in any jurisdiction in which a zoning endorsement is not available (or for which a zoning endorsement is not available at a premium that is not excessive), if requested by the Collateral Agent, a zoning compliance

  
 21 

 
letter from the applicable municipality or a zoning report from Planning and Zoning Resource Corporation (or another person acceptable to the Collateral Agent, in each case reasonably
satisfactory to the Collateral Agent, (c) upon the request of the Collateral Agent, a survey certified to Collateral Agent and the Title Company in form and substance reasonably satisfactory to the Collateral Agent, (d) upon the
request of the Collateral Agent, an appraisal complying with the requirements of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, by a third-party appraiser selected by the Collateral Agent, (e) an opinion of local
counsel reasonably acceptable to the Collateral Agent and in form and substance reasonably satisfactory to the Collateral Agent, (f) if requested by any Lender, no later than three (3) Business Days prior to the delivery of the Mortgage,
the following documents and instruments, in order to comply with the National Flood Insurance Reform Act of 1994 and related legislation (including the regulations of the Board of Governors of the Federal Reserve System) (“Flood
Laws”): (1) a completed standard flood hazard determination form, (2) if the improvement(s) to the improved real property is located in a special flood hazard area, a notification to the Borrower (“Borrower
Notice”) and, if applicable, notification to the Borrower that flood insurance coverage under the National Flood Insurance Program (“NFIP”) is not available because the community does not participate in the NFIP,
(3) documentation evidencing the Borrower’s receipt of the Borrower Notice and (4) if the Borrower Notice is required to be given and flood insurance is available in the community in which the property is located, a copy of the flood
insurance policy, the Borrower’s application for a flood insurance policy plus proof of premium payment, a declaration page confirming that flood insurance has been issued, or such other evidence of flood insurance satisfactory to the
Collateral Agent (any of the foregoing being “Evidence of Flood Insurance”), (g) upon the reasonable request of the Collateral Agent, Phase I environmental site assessment reports prepared in accordance with the current ASTM
E1527 standard (“Phase Is”) (to the extent not already provided) and reliance letters for such Phase Is (which Phase Is and reliance letters shall be in form and substance reasonably acceptable to the Collateral Agent) and any other
environmental information as the Collateral Agent shall reasonably request and (h) such other instruments and documents (including consulting engineer’s reports and lien searches) as the Collateral Agent shall reasonably request. 

“Recipient” shall mean (a) the Administrative Agent and (b) any Lender, as applicable. 

“Refinancing” shall mean the repayment in full and the termination of any commitment to make extensions of credit under the
Existing Debt. 
 “Register” shall have the meaning assigned to such term in Section 9.04(c). 

“Regulation T” shall mean Regulation T of the Board as from time to time in effect and all official rulings and
interpretations thereunder or thereof. 
 “Regulation U” shall mean Regulation U of the Board as from time to
time in effect and all official rulings and interpretations thereunder or thereof. 

  
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 “Regulation X” shall mean Regulation X of the Board as from time to
time in effect and all official rulings and interpretations thereunder or thereof. 
 “Related Parties” shall mean, with
respect to any specified Person, such Person’s Affiliates and the respective officers, directors, employees, agents, advisors, representatives, controlling persons, members, successors and permitted assigns of such Person and such Person’s
Affiliates. 
 “Release” shall mean any actual or threatened release, spill, emission, leaking, dumping, injection,
pouring, pumping, deposit, disposal, discharge, dispersal, leaching or migration into or through the indoor or outdoor environment, including the air, soil and ground and surface water or into, through, within or upon any building, structure,
facility or fixture. 
 “Required Lenders” shall mean, at any time, Lenders having Loans and unused Commitments
representing more than 50% of the sum of all Loans outstanding and unused Commitments at such time; provided that the Loans and unused Commitments of any Defaulting Lender shall be disregarded in the determination of the Required Lenders at
any time. 
 “Resignation Effective Date” shall have the meaning assigned to such term in Section 8.06. 

“Responsible Officer” of any Person shall mean any executive officer or Financial Officer of such Person and any other
officer or similar official thereof responsible for the administration of the obligations of such Person in respect of this Agreement. 

“Restricted Payment” shall mean any dividend or other distribution (whether in cash, securities or other property) with
respect to any Equity Interests in the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any Equity Interests in the Borrower or any Subsidiary. 
 “Restricted Subsidiary” shall
mean any Subsidiary other than an Immaterial Subsidiary. 
 “S&P” shall mean Standard & Poor’s Ratings
Service, or any successor thereto. 
 “SEC” shall mean the Securities and Exchange Commission. 

“Secured Hedging Agreement” shall mean any Hedging Agreement entered into by a Loan Party and a Qualified Counterparty. 

“Secured Parties” shall have the meaning assigned to such term in the Guarantee and Collateral Agreement. 

  
 23 

 “Securities Act” shall mean the Securities Act of 1933, as amended. 

“Security Documents” shall mean the Mortgages, the Guarantee and Collateral Agreement and each of the security agreements,
mortgages and other instruments and documents executed and delivered pursuant to any of the foregoing or pursuant to Section 5.12. 

“Solvent” shall mean, (a) the sum of the liabilities (including contingent liabilities) of the Borrower and the
Restricted Subsidiaries, on a consolidated basis, does not exceed the fair value of the present assets of the Borrower and the Restricted Subsidiaries, on a consolidated basis, (b) the present fair saleable value of the assets of the Borrower
and the Restricted Subsidiaries, on a consolidated basis, is greater than the total amount that will be required to pay the probable liabilities (including contingent liabilities) of the Borrower and the Restricted Subsidiaries as they become
absolute and matured, (c) the capital of the Borrower and the Restricted Subsidiaries, on a consolidated basis, is not unreasonably small in relation to their business as contemplated on the determination date, (d) the Borrower and the
Restricted Subsidiaries, on a consolidated basis, have not incurred and do not intend to incur, or believe that they will incur, debts or liabilities, including current obligations beyond their ability to pay such debts or other liabilities as they
become due (whether at maturity or otherwise) and (e) the Borrower and its Restricted Subsidiaries, on a consolidated basis, are “solvent” within the meaning given to that term and similar terms under applicable laws relating
to fraudulent transfers and conveyances. 
 “Statutory Reserves” shall mean a fraction (expressed as a decimal), the
numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) established by the Board and any other
banking authority, domestic or foreign, to which the Administrative Agent or any Lender (including any branch, Affiliate or other fronting office making or holding a Loan) is subject for Eurocurrency Liabilities (as defined in Regulation D of
the Board). Eurodollar Loans shall be deemed to constitute Eurocurrency Liabilities and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any
Lender under such Regulation D. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“subsidiary” shall mean, with respect to any Person (herein referred to as the “parent”), any corporation,
partnership, limited liability company, association or other business entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the
general partnership interests are, at the time any determination is being made, owned, Controlled or held, or (b) that is, at the time any determination is made, otherwise Controlled, by the parent or one or more subsidiaries of the parent or
by the parent and one or more subsidiaries of the parent. 
 “Subsidiary” shall mean any subsidiary of the Borrower. 

  
 24 

 “Swap Obligation” shall mean, with respect to any Guarantor, any obligation to
pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act (including without limitation any Secured Hedging Agreement). 

“Taxes” shall mean any and all present or future taxes, levies, imposts, duties, deductions, assessments, fees, charges or
withholdings (including backup withholding) imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Termination Date” shall mean the earlier to occur of (a) the Latest Maturity Date and (b) the date on which the
Commitments hereunder are terminated or expire. 
 “Title Company” shall have the meaning assigned to such term in the
definition of Real Estate Collateral Requirements. 
 “Total Commitment” shall mean, at any time, the aggregate amount of
the Commitments as in effect at such time. The initial Total Commitment is $100,000,000. 
 “Transaction Costs” shall mean
the fees, costs and expenses incurred in connection with the Transactions. 
 “Transactions” shall mean, collectively,
(a) the execution, delivery and performance by the Loan Parties of the Loan Documents to which they are, or will be, a party and the making of the Borrowings hereunder, (b) the repayment of all amounts due or outstanding under or in
respect of, and the termination of, the Existing Debt and (c) the payment of related fees and expenses. 
 “Type” when
used in respect of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined. For purposes hereof, the term “Rate” shall mean the Adjusted LIBO
Rate and the Alternate Base Rate. 
 “Unfunded Pension Liability” shall mean, with respect to any Plan at any time, the
amount of any of its unfunded benefit liabilities as defined in Section 4001(a)(18) of ERISA. 
 “Unrestricted Cash”
shall mean, as of any date of determination, the amount (without duplication) of unrestricted cash and Permitted Investments of the Borrower and the Restricted Subsidiaries that is in deposit accounts or in securities accounts, or any combination
thereof, that are Controlled Deposit Accounts (as defined in the Guarantee and Collateral Agreement) or Controlled Securities Accounts (as defined in the Guarantee and Collateral Agreement), as applicable. 

“USA PATRIOT Act” shall mean The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)). 

  
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 “U.S. Person” shall mean any Person that is a “United States
Person” as defined in Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” shall have the
meaning assigned to such term in Section 2.19(f). 
 “Wholly Owned Subsidiary” of any Person shall mean a subsidiary
of such Person of which securities (except for directors’ qualifying shares) or other ownership interests representing 100% of the Equity Interests are, at the time any determination is being made, owned, Controlled or held by such Person or
one or more wholly owned subsidiaries of such Person or by such Person and one or more wholly owned subsidiaries of such Person. 

“Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Withholding
Agent” shall mean any Loan Party and the Administrative Agent. 
 Section 1.02. Terms Generally. The
definitions in Section 1.01 shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words
“include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning
and effect as the word “shall,” and the words “asset” and “property” shall be construed as having the same meaning and effect and to refer to any and all tangible and intangible assets and
properties, including cash, securities, accounts and contract rights. The words “herein”, “hereto”, “hereof” and “hereunder” and words of similar import when used in any Loan
Document shall refer to such Loan Document as a whole and not to any particular provision thereof. All references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits and
Schedules to, this Agreement unless the context shall otherwise require. Except as otherwise expressly provided herein, (a) any reference in this Agreement to any Loan Document or any other agreement, instrument or document shall mean such
document as amended, restated, supplemented or otherwise modified from time to time, but only to the extent that such amendment, restatements, supplements or modifications are not prohibited by this Agreement, (b) references to any law shall
include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such law, (c) all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to
time; provided that if the Borrower notifies the Administrative Agent that the Borrower wishes to amend any provision of this Agreement or the other Loan Documents to eliminate the effect of any change in GAAP occurring after the date of this
Agreement on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders wish to amend any provision of this Agreement or the other Loan Documents) regardless of whether any such notice is given
before or after such change in GAAP, then such provision shall be interpreted on the basis of GAAP in effect immediately before the relevant change in 

  
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GAAP became effective, until either such notice is withdrawn or such provision is amended in a manner satisfactory to the Borrower and the Required Lenders and (d) all terms of an accounting
or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting
Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair value”, as defined therein, (ii) without
giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or
effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof and (iii) in a manner such that the determination of
whether a lease is to be treated as an operating lease or capital lease shall be made without giving effect to any change in accounting for leases pursuant to GAAP resulting from the implementation of proposed Accounting Standards Update (ASU)
Leases (Topic 840) issued August 17, 2010. 
 Section 1.03. Classification of Loans and Borrowings. For purposes of
this Agreement, Loans and Borrowings may be classified and referred to by Type (e.g., a “Eurodollar Loan” or a “Eurodollar Borrowing”). 

ARTICLE 2 
 THE
CREDITS 
 Section 2.01. Commitments. Subject to the terms and conditions set forth herein, each Lender
agrees to make Loans to the Borrower, at any time and from time to time during the Commitment Period in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Exposure
exceeding such Lender’s Commitment. Within the limits set forth in the preceding sentence and subject to the terms and conditions set forth herein, amounts repaid or prepaid in respect of Loans may be reborrowed under this Section 2.01.

 Section 2.02. Loans. (a) Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders
ratably in accordance with their applicable Commitments; provided that the failure of any Lender to make any Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no Lender
shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender). The Loans comprising any Borrowing shall be in an aggregate principal amount that is (i) an integral multiple of $1,000,000 and
not less than $3,000,000 or (ii) equal to the remaining available balance of the applicable Commitments. 
 (b) Subject to
Sections 2.08 and 2.14, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request pursuant to Section 2.03. Each Lender may at its option make any Eurodollar Loan by causing any domestic or
foreign branch or Affiliate of such Lender to make such Loan; provided that 

  
 27 

 
any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. Borrowings of more than one Type may be outstanding
at the same time; provided further that the Borrower shall not be entitled to request any Borrowing that, if made, would result in more than five (5) Eurodollar Borrowings outstanding hereunder at any time. 

(c) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds
to such account in New York City as the Administrative Agent may designate not later than 1:00 p.m., New York City time, and the Administrative Agent shall promptly credit the amounts so received to an account designated by the Borrower in the
applicable Borrowing Request or, if a Borrowing shall not occur on such date because any condition precedent herein specified shall not have been met, return the amounts so received to the respective Lenders. 

(d) Unless the Administrative Agent shall have received notice from a Lender (i) in the case of a Eurodollar Loan, prior to the date of
any Borrowing and (ii) in the case of an ABR Loan prior to 1:00 p.m., New York City time, on the date of any Borrowing, in either case that such Lender will not make available to the Administrative Agent such Lender’s portion of such
Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with paragraph (c) above and the Administrative Agent may, in reliance upon
such assumption, make available to the Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available then, to the extent that such Lender shall not have made such portion available to the Administrative
Agent, such Lender and the Borrower severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower to but
excluding the date such amount is repaid to the Administrative Agent at (A) in the case of the Borrower, a rate per annum equal to the interest rate applicable at the time to the Loans comprising such Borrowing and (B) in the case of such
Lender, a rate determined by the Administrative Agent to represent its cost of overnight or short-term funds (which determination shall be conclusive absent manifest error). If such Lender shall repay to the Administrative Agent such corresponding
amount, such amount shall constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement. 
 (e)
Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request any Eurodollar Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 

Section 2.03. Borrowing Procedure. In order to request a Borrowing, the Borrower shall notify the Administrative Agent of
such request in writing or by telephone (a) in the case of a Eurodollar Borrowing, not later than 12:00 (noon), New York City time, three (3) Business Days before a proposed Borrowing and (b) in the case of an ABR Borrowing, not later
than 12:00 (noon), New York City time, on the date of the proposed Borrowing. Each such notice shall be irrevocable, and any telephonic notice shall be 

  
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confirmed promptly by delivery of a written Borrowing Request and shall specify the following information: (i) whether such Borrowing is to be a Eurodollar Borrowing or an ABR Borrowing;
(ii) the date of such Borrowing (which shall be a Business Day); (iii) the number and location of the account to which funds are to be disbursed; (iv) the amount of such Borrowing and (v) if such Borrowing is to be a Eurodollar
Borrowing, the Interest Period with respect thereto; provided that, notwithstanding any contrary specification in any Borrowing Request, each requested Borrowing shall comply with the requirements set forth in Section 2.02. If no
election as to the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurodollar Borrowing is specified in any such notice, then the Borrower shall be
deemed to have selected an Interest Period of one month’s duration. The Administrative Agent shall promptly advise the applicable Lenders of any notice given pursuant to this Section 2.03 (and the contents thereof), and of each
Lender’s pro rata share of the requested Borrowing. 
 Section 2.04. Evidence of Debt; Repayment of
Loans. (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan of such Lender on the Maturity Date. 

(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to
such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. 

(c) The Administrative Agent shall, in accordance with its customary practice, maintain accounts in which it will record (i) the amount
of each Loan made hereunder, the Class and Type thereof and, if applicable, the Interest Period applicable thereto, the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and
(ii) the amount of any sum received by the Administrative Agent hereunder from the Borrower or any Guarantor and each Lender’s share thereof. 

(d) The entries made in the accounts maintained pursuant to paragraphs (b) and (c) above shall be prima facie evidence of the
existence and amounts of the obligations therein recorded; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to
repay the Loans in accordance with their terms. 
 (e) Any Lender may request that Loans made by it hereunder be evidenced by a Note. In
such event, the Borrower shall execute and deliver to such Lender a Note payable to such Lender and its registered assigns. Notwithstanding any other provision of this Agreement, in the event any Lender shall request and receive such a Note, the
interests represented by such Note shall at all times (including after any assignment of all 

  
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or part of such interests pursuant to Section 9.04) be represented by one or more Notes payable to the payee named therein or its registered assigns. 

Section 2.05. Fees. (a) The Borrower agrees to pay to each Lender, through the Administrative Agent, on the last
Business Day of March, June, September and December in each year and on each date on which any Commitment of such Lender shall expire or be terminated as provided herein, a commitment fee (a “Commitment Fee”) equal to
0.50% per annum on the daily unused amount of the Commitment of such Lender during the preceding quarter (or other period commencing with the date hereof or ending with the Maturity Date or the date on which the Commitments of such Lender shall
expire or be terminated). All Commitment Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days. 

(b) The Borrower agrees to pay to the Administrative Agent, for its own account, the administrative fees set forth in the Engagement Letter at
the times and in the amounts specified therein (the “Administrative Agent Fees”). 
 (c) The Borrower agrees to pay on the
Closing Date to each Lender party to this Agreement on the Closing Date, as compensation for the Commitment of such Lender, a closing fee in an amount equal to 0.50% of the stated principal amount of such Lender’s Commitment. Such fees shall be
payable by the Borrower to each Lender on the Closing Date. Such closing fees will be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-creditable thereafter. 

(d) All Fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent for distribution, if and as
appropriate, among the Lenders. Once paid, none of the Fees shall be refundable under any circumstances. 
 Section 2.06. Interest
on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be,
at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin in effect from time to time. 

(b) Subject to the provisions of Section 2.07, the Loans comprising each Eurodollar Borrowing shall bear interest (computed on the basis
of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time. 

(c) Interest on each Loan shall be payable on the Interest Payment Dates applicable to such Loan except as otherwise provided in this
Agreement. The applicable Alternate Base Rate or Adjusted LIBO Rate for each Interest Period or day within an Interest Period, as the case may be, shall be determined by the Administrative Agent, and such determination shall be conclusive absent
manifest error. 

  
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 Section 2.07. Default Interest. If the Borrower shall default in the payment of
any principal of or interest on any Loan or any other amount due hereunder or under any other Loan Document, by acceleration or otherwise, then, until such defaulted amount shall have been paid in full or such default is waived, to the extent
permitted by law, all such overdue amounts shall bear interest (after as well as before judgment), payable on demand, (i) in the case of principal, at the rate otherwise applicable to such Loan pursuant to Section 2.06 plus 2.00% per
annum and (ii) in all other cases, at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days at all times) equal to the rate that would be applicable to an ABR Loan plus 2.00% per annum. 

Section 2.08. Alternate Rate of Interest. In the event, and on each occasion, that on the day two (2) Business Days
prior to the commencement of any Interest Period for a Eurodollar Borrowing the Administrative Agent shall have determined that (a) Dollar deposits in the principal amounts of the Loans comprising such Borrowing are not generally available in
the London interbank market, (b) the rates at which such Dollar deposits are being offered will not adequately and fairly reflect the cost to the majority of Lenders of making or maintaining Eurodollar Loans during such Interest Period or
(c) reasonable means do not exist for ascertaining the Adjusted LIBO Rate, the Administrative Agent shall, as soon as practicable thereafter, give written or fax notice of such determination to the Borrower and the Lenders. In the event of any
such determination, until the Administrative Agent shall have advised the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, any request by the Borrower for a Eurodollar Borrowing pursuant to
Section 2.03 or Section 2.10 shall be deemed to be a request for an ABR Borrowing. Each determination by the Administrative Agent under this Section 2.08 shall be conclusive absent manifest error. 

Section 2.09. Termination and Reduction of Commitments. (a) Unless previously extended pursuant to Section 2.23,
the Commitments shall automatically terminate on the Maturity Date. Each Class of Extended Commitments shall automatically terminate on the date specified in the applicable Additional Credit Extension Amendment. 

(b) Upon at least three (3) Business Days’ prior irrevocable written or telephone notice to the Administrative Agent, the Borrower
may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Commitments (any such telephone notice shall be confirmed promptly by delivery of written notice thereof); provided that (i) each
partial reduction of the Commitments shall be in an integral multiple of $1,000,000 and in a minimum amount of $5,000,000, (ii) the Total Commitment shall not be reduced to an amount that is less than the Aggregate Exposure at the time and
(iii) any such termination or reduction notice may state that such notice is conditioned upon the effectiveness of other financing arrangements, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on
or prior to the specified effective date) if such condition is not satisfied. 
 (c) Each reduction in the Commitments hereunder shall be
made ratably among the Lenders in accordance with their respective applicable Commitments. The 

  
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Borrower shall pay to the Administrative Agent for the account of the applicable Lenders, on the date of each termination or reduction, the Commitment Fees on the amount of the Commitments so
terminated or reduced accrued to but excluding the date of such termination or reduction. 
 Section 2.10. Conversion and
Continuation of Borrowings. The Borrower shall have the right at any time upon written or telephonic notice to the Administrative Agent (a) not later than 12:00 (noon), New York City time, on the date of conversion, to convert any
Eurodollar Borrowing into an ABR Borrowing, (b) not later than 12:00 (noon), New York City time, three (3) Business Days prior to conversion or continuation, to convert any ABR Borrowing into a Eurodollar Borrowing or to continue any
Eurodollar Borrowing as a Eurodollar Borrowing for an additional Interest Period and (c) not later than 12:00 (noon), New York City time, three (3) Business Days prior to conversion, to convert the Interest Period with respect to any
Eurodollar Borrowing to another permissible Interest Period, subject in each case to the following: 
 (i) each conversion or
continuation shall be made pro rata among the Lenders in accordance with the respective principal amounts of the Loans comprising the converted or continued Borrowing; 

(ii) if less than all the outstanding principal amount of any Borrowing shall be converted or continued, then each resulting
Borrowing shall satisfy the limitations specified in Sections 2.02(a) and 2.02(b) regarding the principal amount and maximum number of Borrowings of the relevant Type; 

(iii) each conversion shall be effected by each Lender and the Administrative Agent by recording for the account of such Lender
the new Borrowing of such Lender resulting from such conversion and reducing the Borrowing (or portion thereof) of such Lender being converted by an equivalent principal amount; accrued interest on any Eurodollar Loan (or portion thereof) being
converted shall be paid by the Borrower at the time of conversion; 
 (iv) if any Eurodollar Borrowing is converted at a time
other than the end of the Interest Period applicable thereto, the Borrower shall pay, upon demand, any amounts due to the Lenders pursuant to Section 2.15; 

(v) any portion of a Borrowing maturing or required to be repaid in less than one month may not be converted into or continued
as a Eurodollar Borrowing; 
 (vi) any portion of a Eurodollar Borrowing that cannot be continued as a Eurodollar Borrowing
by reason of the immediately preceding clause (v) shall be automatically converted at the end of the Interest Period in effect for such Borrowing into an ABR Borrowing; and 

(vii) after the occurrence and during the continuance of an Event of Default, no outstanding Loan may be converted into, or
continued as, a Eurodollar Loan. 

  
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 Each such telephonic notice shall be irrevocable and shall be confirmed promptly by delivery of
an Interest Election Request pursuant to this Section 2.10 and shall specify (a) the identity and amount of the Borrowing that the Borrower requests be converted or continued, (b) whether such Borrowing is to be converted to or
continued as a Eurodollar Borrowing or an ABR Borrowing, (c) if such notice requests a conversion, the date of such conversion (which shall be a Business Day) and (d) if such Borrowing is to be converted to or continued as a Eurodollar
Borrowing, the Interest Period with respect thereto. If no Interest Period is specified in any such notice with respect to any conversion to or continuation as a Eurodollar Borrowing, the Borrower shall be deemed to have selected an Interest Period
of one month’s duration. The Administrative Agent shall promptly advise the Lenders of any notice given pursuant to this Section 2.10 and of each Lender’s pro rata share of any converted or continued Borrowing. If the Borrower shall
not have given notice in accordance with this Section 2.10 to continue any Borrowing into a subsequent Interest Period (and shall not otherwise have given notice in accordance with this Section 2.10 to convert such Borrowing), such
Borrowing shall, at the end of the Interest Period applicable thereto (unless repaid pursuant to the terms hereof), automatically be converted into an ABR Borrowing. 

Section 2.11. Voluntary Prepayment. (a) The Borrower shall have the right at any time and from time to time to
prepay any Borrowing, in whole or in part, upon at least three (3) Business Days’ prior written notice (or telephonic notice promptly confirmed by written notice) in the case of Eurodollar Loans, or written notice (or telephonic notice
promptly confirmed by written notice) at least one (1) Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 12:00 (noon), New York City time; provided that each partial prepayment
shall be in an amount that is an integral multiple of $1,000,000 and not less than $3,000,000. 
 (b) Each notice of prepayment shall
specify the prepayment date and the principal amount of each Borrowing (or portion thereof) to be prepaid, shall be irrevocable and shall commit the Borrower to prepay such Borrowing by the amount stated therein on the date stated therein;
provided that a notice of prepayment may state that such notice is conditioned upon the effectiveness of other financing arrangements, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent prior to
12:00 (noon) on the specified effective date) if such condition is not satisfied; provided further that the provisions of Section 2.15 shall apply with respect to any such revocation or extension. All prepayments under this
Section 2.11 shall be subject to Section 2.15 but otherwise without premium or penalty. All prepayments under this Section 2.11 (other than prepayments of ABR Loans that are not made in connection with the termination or permanent
reduction of the Commitments) shall be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment. 

Section 2.12. Mandatory Prepayments. (a) In the event of any termination of all the Commitments, the Borrower
shall, on the date of such termination, repay or prepay all its outstanding Borrowings. If, after giving effect to any partial reduction of the Commitments or at any other time, the Aggregate Exposure would exceed the Total

  
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Commitment, then the Borrower shall, on the date of such reduction or at such other time, repay or prepay Borrowings in an amount sufficient to eliminate such excess. 

(b) Each notice of prepayment shall specify the prepayment date, the Type of each Loan being prepaid and the principal amount of each Loan (or
portion thereof) to be prepaid. All prepayments of Borrowings under this Section 2.12 shall be subject to Section 2.15, but shall otherwise be without premium or penalty, and shall be accompanied by accrued and unpaid interest on the
principal amount to be prepaid to but excluding the date of payment (other than prepayments of ABR Loans that are not made in connection with the termination or permanent reduction of the Commitments). 

Section 2.13. Increased Costs; Capital Adequacy. (a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of or credit extended by any Lender (except any such reserve requirement which is reflected in the Adjusted LIBO Rate); 

(ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes and (B) Excluded Taxes) on its loans, loan
principal, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(iii) impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting
this Agreement or Loans made by such Lender; 
 and the result of any of the foregoing shall be to increase the cost to such Lender or such
other Recipient of making or maintaining any Loan or to reduce the amount of any sum received or receivable by such Lender or such other Recipient hereunder (whether of principal, interest or otherwise) then the Borrower will pay to such Lender or
such other Recipient, as the case may be, upon demand such additional amount or amounts as will compensate such Lender or such other Recipient, as the case may be, for such additional costs incurred or reduction suffered. 

(b) If any Lender shall have determined that any Change in Law regarding capital adequacy or liquidity requirements has or would have the
effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement or the Loans made by such Lender pursuant hereto to a level below that which such
Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy or liquidity)
then from time to time the Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

  
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 (c) A certificate of a Lender or such other Recipient setting forth the amount or amounts
necessary to compensate such Lender or such other Recipient or the holding company, as applicable, as specified in paragraph (a) or (b) above shall be delivered to the Borrower and shall be conclusive absent manifest error. Any such
certificate shall set forth in reasonable detail a calculation of the amount owed. The Borrower shall pay such Lender or such other Recipient the amount shown as due on any such certificate delivered by it within ten (10) days after its receipt
of the same. 
 (d) Failure or delay on the part of any Lender or other such Recipient to demand compensation pursuant to this
Section shall not constitute a waiver of such Lender’s or such other Recipient’s right to demand such compensation; provided that the Borrower shall not be required to compensate any Lender or other such Recipient under
paragraph (a) or (b) above pursuant to this Section for any increased costs incurred or reductions suffered more than six (6) months prior to the date that such Lender or other Recipient, as the case may be, notifies the Borrower
of the Change in Law giving rise to such increased costs or reductions, and of such Lender’s or other such Recipient’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or
reductions is retroactive, then the six (6) month period referred to above shall be extended to include the period of retroactive effect thereof). 

Section 2.14. Change in Legality. (a) Notwithstanding any other provision of this Agreement, if any Change in Law
shall make it unlawful for any Lender to make or maintain any Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, by written notice to the Borrower and to the Administrative Agent:

 (i) such Lender may declare that Eurodollar Loans will not thereafter (for the duration of such unlawfulness) be made by
such Lender hereunder (or be continued for additional Interest Periods) and ABR Loans will not thereafter (for such duration) be converted into Eurodollar Loans, whereupon any request for a Eurodollar Borrowing (or to convert an ABR Borrowing to a
Eurodollar Borrowing or to continue a Eurodollar Borrowing for an additional Interest Period) shall, as to such Lender only, be deemed a request for an ABR Loan (or a request to continue an ABR Loan as such or to convert a Eurodollar Loan into an
ABR Loan, as the case may be), unless such declaration shall be subsequently withdrawn; and 
 (ii) such Lender may require
that all outstanding Eurodollar Loans made by it be converted to ABR Loans, in which event all such Eurodollar Loans shall be automatically converted to ABR Loans as of the effective date of such notice as provided in paragraph (b) below. 

In the event any Lender shall exercise its rights under (i) or (ii) above, all payments and prepayments of principal that would
otherwise have been applied to repay the Eurodollar Loans that would have been made by such Lender or the converted Eurodollar Loans of such Lender shall instead be applied to repay the ABR Loans made by such Lender in lieu of, or resulting from the
conversion of, such Eurodollar Loans. 

  
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 (b) For purposes of this Section 2.14, a notice to the Borrower by any Lender shall be
effective as to each Eurodollar Loan made by such Lender, if lawful, on the last day of the Interest Period then applicable to such Eurodollar Loan; in all other cases such notice shall be effective on the date of receipt by the Borrower. 

Section 2.15. Breakage. The Borrower shall indemnify each Lender against any loss or expense that such Lender may
sustain or incur as a consequence of (a) any event, other than a default by such Lender in the performance of its obligations hereunder, which results in (i) such Lender receiving or being deemed to receive any amount on account of the
principal of any Eurodollar Loan prior to the end of the Interest Period in effect therefor, (ii) the conversion of any Eurodollar Loan to an ABR Loan, or the conversion of the Interest Period with respect to any Eurodollar Loan, in each case
other than on the last day of the Interest Period in effect therefor, or (iii) any Eurodollar Loan to be made by such Lender (including any Eurodollar Loan to be made pursuant to a conversion or continuation under Section 2.10) not being
made after notice of such Loan shall have been given by the Borrower hereunder (any of the events referred to in this clause (a) being called a “Breakage Event”) or (b) any default in the making of any payment or
prepayment required to be made hereunder. In the case of any Breakage Event, such loss shall include an amount equal to the excess, as reasonably determined by such Lender, of (i) its cost of obtaining funds for the Eurodollar Loan that is the
subject of such Breakage Event for the period from the date of such Breakage Event to the last day of the Interest Period in effect (or that would have been in effect) for such Loan over (ii) the amount of interest likely to be realized by such
Lender in redeploying the funds released or not utilized by reason of such Breakage Event for such period. A certificate of any Lender setting forth any amount or amounts which such Lender is entitled to receive pursuant to this Section 2.15
shall be delivered to the Borrower and shall be conclusive absent manifest error. 
 Section 2.16. Pro Rata
Treatment. Except as otherwise expressly provided herein, each Borrowing, each payment or prepayment of principal of any Borrowing, each payment of interest on the Loans, each payment of the Commitment Fees, each reduction of the
Commitments and each conversion of any Borrowing to or continuation of any Borrowing as a Borrowing of any Type shall be allocated pro rata among the Lenders in accordance with their respective applicable Commitments (or, if such Commitments shall
have expired or been terminated, in accordance with the respective principal amounts of their outstanding Loans). Each Lender agrees that in computing such Lender’s portion of any Borrowing to be made hereunder, the Administrative Agent may, in
its discretion, round each Lender’s percentage of such Borrowing to the next higher or lower whole Dollar amount. 
 Section 2.17.
Sharing of Setoffs. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or other Obligations hereunder resulting in
such Lender receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other such obligations greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion
shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations 

  
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in the Loans and such other obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably
in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them; provided that: 

(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such
participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this Section 2.17 shall not be construed to apply to (x) any payment made by the Borrower
pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), or (y) any payment obtained by a Lender as consideration for the assignment of or
sale of a participation in any of its Loans or Commitments to any assignee or participant, other than to the Borrower or any of its Affiliates (as to which the provisions of this Section 2.17 shall apply). 

The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against each Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of each Loan Party in the amount of such
participation. 
 Section 2.18. Payments. (a) The Borrower shall make each payment (including principal of or
interest on any Borrowing or any Fees or other amounts) hereunder or under any other Loan Document not later than 2:00 p.m., New York City time, on the date when due in immediately available Dollars, without setoff, defense or counterclaim. Any
amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. Each such payment shall be made to the
Administrative Agent at its offices at Eleven Madison Avenue, New York, NY 10010. The Administrative Agent shall promptly distribute to each Lender any payments received by the Administrative Agent on behalf of such Lender. 

(b) Except as otherwise expressly provided herein, whenever any payment (including principal of or interest on any Borrowing or any Fees or
other amounts) hereunder or under any other Loan Document shall become due, or otherwise would occur, on a day that is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be
included in the computation of interest or Fees, if applicable. 
 Section 2.19. Taxes.

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be
made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law 

  
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(as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable
Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then
the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section 2.19)
the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 
 (b)
Payment of Other Taxes by the Loan Parties. The Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any
Other Taxes. 
 (c) Indemnification by the Loan Parties. The Borrower shall, and shall cause the other Loan Parties to, jointly and
severally indemnify each Recipient, within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 2.19) payable or
paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted
by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a
Lender, shall be conclusive absent manifest error. 
 (d) Indemnification by the Lenders. Each Lender shall severally indemnify the
Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes
and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.04(d) relating to the maintenance of a Participant Register and
(iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not
such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest
error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source
against any amount due to the Administrative Agent under this paragraph (d). 
 (e) Evidence of Payments. As soon as practicable
after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this Section 2.19, such Loan 

  
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Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such
payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (f) Status of Lenders. (i) Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower
or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In
addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the
Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution
and submission of such documentation (other than such documentation set forth in Sections 2.19(f)(ii)(A), 2.19(f)(ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or
submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii) Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person, 

(A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on
which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S.
federal backup withholding tax; 
 (B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to
the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the
reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 
 (1) in the
case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN establishing an exemption from,
or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with 

  
 39 

 
respect to any other applicable payments under any Loan Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business
profits” or “other income” article of such tax treaty; 
 (2) executed originals of IRS Form W-8ECI; 

(3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of
the Code, (x) a certificate substantially in the form of Exhibit I-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the
Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed
originals of IRS Form W-8BEN; or 
 (4) to the extent a Foreign Lender is not
the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-2 or Exhibit I-3, IRS Form W-9, and/or other
certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such
Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-4 on behalf of each such direct and indirect partner; 

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be
prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if
such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the

  
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Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the
Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes
of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 Each Lender
agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its
legal inability to do so. 
 (g) Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good
faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.19 (including by the payment of additional amounts pursuant to this Section 2.19), it shall pay to the indemnifying party an
amount equal to such refund (but only to the extent of indemnity payments made under this Section 2.19 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes imposed on the receipt of such
refund) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such
indemnified party the amount paid over pursuant to this paragraph (g) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to
such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (g), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (g) the payment of which would
place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification had not been deducted, withheld or otherwise imposed and the indemnification payments or
additional amounts giving rise to such refund had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential)
to the indemnifying party or any other Person. 
 (h) Survival. Each party’s obligations under this Section 2.19 shall
survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan
Document. 

  
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 Section 2.20. Assignment of Commitments under Certain Circumstances; Duty to
Mitigate. (a) In the event (i) any Lender delivers a certificate requesting compensation pursuant to Section 2.13, (ii) any Lender delivers a notice described in Section 2.14, (iii) the Borrower is
required to pay any Indemnified Taxes or additional amounts with respect thereto to any Lender or any Governmental Authority on account of any Lender pursuant to Section 2.19, (iv) any Lender refuses to consent to any amendment, waiver or
other modification of any Loan Document requested by the Borrower that requires the consent of a greater percentage of the Lenders than the Required Lenders or from all affected Lenders and such amendment, waiver or other modification is consented
to by the Required Lenders or (v) any Lender becomes a Defaulting Lender, then, in each case, the Borrower may, at its sole expense and effort (including with respect to the processing and recordation fee referred to in Section 9.04(b)),
upon notice to such Lender and the Administrative Agent, require such Lender to transfer and assign, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all of its interests, rights and obligations
under this Agreement to an Eligible Assignee that shall assume such assigned obligations (and, with respect to clause (iv) above, shall consent to such requested amendment, waiver or other modification); provided that (x) such
assignment shall not conflict with any law, rule or regulation or order of any court or other Governmental Authority having jurisdiction, and (y) the Borrower or such assignee shall have paid to the affected Lender in immediately available
funds an amount equal to the sum of the principal of and interest accrued to the date of such payment on the outstanding Loans of such Lender, plus all Fees and other amounts accrued for the account of such Lender hereunder with respect thereto
(including any amounts under Sections 2.13, 2.15 and 2.19); provided further that if prior to any such transfer and assignment the circumstances or event that resulted in such Lender’s claim for compensation under Section 2.13,
notice under Section 2.14 or the amounts paid pursuant to Section 2.19, as the case may be, cease to cause such Lender to suffer increased costs or reductions in amounts received or receivable or reduction in return on capital, cease to
have the consequences specified in Section 2.14 or cease to result in amounts being payable under Section 2.19, as the case may be (including as a result of any action taken by such Lender pursuant to paragraph (b) below), or if such
Lender shall waive its right to claim further compensation under Section 2.13 in respect of such circumstances or event, shall withdraw its notice under Section 2.14 or shall waive its right to further payments under Section 2.19 in
respect of such circumstances or event or shall consent to the proposed amendment, waiver, consent or other modification, as the case may be, then such Lender shall not thereafter be required to make any such transfer and assignment hereunder. Each
Lender hereby grants to the Administrative Agent an irrevocable power of attorney (which power is coupled with an interest) to execute and deliver, on behalf of such Lender, as assignor, any Assignment and Acceptance necessary to effectuate any
assignment of such Lender’s interests hereunder in the circumstances contemplated by this Section 2.20(a). 
 (b) If (i) any
Lender shall request compensation under Section 2.13, (ii) any Lender delivers a notice described in Section 2.14 or (iii) the Borrower is required to pay any Indemnified Taxes or additional amount with respect thereto to any
Lender or any Governmental Authority on account of any Lender pursuant to Section 2.19, then such Lender shall use reasonable efforts (which shall not require such Lender to incur an 

  
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unreimbursed loss or unreimbursed cost or expense or otherwise take any action inconsistent with its internal policies or legal or regulatory restrictions or suffer any disadvantage or burden
deemed by it to be significant) (x) except in the case of a requirement to pay Indemnified Taxes or additional amounts with respect thereto pursuant to Section 2.19, to file any certificate or document reasonably requested in writing by
the Borrower or (y) to assign its rights (other than its existing rights to payments pursuant to Section 2.13 or Section 2.19) and delegate and transfer its obligations hereunder to another of its offices, branches or affiliates, if
such filing or assignment would reduce its claims for compensation under Section 2.13 or Section 2.19 enable it to withdraw its notice pursuant to Section 2.14 or would reduce amounts payable pursuant to Section 2.19, as the case
may be, in the future. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such filing or assignment, delegation and transfer. 

Section 2.21. Defaulting Lender. (a) Defaulting Lender Adjustments. Notwithstanding
anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 

(i) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or
consent with respect to this Agreement shall be restricted as set forth in the definition of Required Lenders. 
 (ii)
Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 7.01
or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 9.06 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts
owing by such Defaulting Lender to the Administrative Agent hereunder, second, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund
its portion thereof as required by this Agreement, as determined by the Administrative Agent, third, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to satisfy such
Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement, fourth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any
Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement, fifth, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a
result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement, and sixth, to such Defaulting Lender or
as otherwise directed by a court of competent jurisdiction; provided that, if (x) such payment is a payment of the principal amount of any Loans in respect of which such Defaulting Lender has 

 

  
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not fully funded its appropriate share and (y) such Loans were made at a time when the conditions set forth in Section 4.01 were satisfied or waived, such payment shall be applied
solely to pay the Loans of all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of such Defaulting Lender until such time as all Loans are held by the Lenders pro rata in accordance with the Commitments.
Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section 2.21(a)(ii) shall be deemed paid to and
redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 
 (iii) Certain Fees. No
Defaulting Lender shall be entitled to receive any Commitment Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such Commitment Fee that otherwise would have been required to have
been paid to that Defaulting Lender). 
 (b) Defaulting Lender Cure. If the Borrower and the Administrative Agent agree in writing
that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements
with respect to any cash collateral of such Lender), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be
necessary to cause the Loans to be held pro rata by the Lenders in accordance with their Credit Percentages, whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to
fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; provided further that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender
to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

Section 2.22. Incremental Facilities. (a) The Borrower may, by written notice to the Administrative Agent from
time to time, request Incremental Commitments in an amount such that, after giving effect thereto, the Aggregate Incremental Amount does not exceed the Incremental Cap. Such notice shall set forth (i) the amount of the Incremental Commitments
being requested (which shall be in minimum increments of $1,000,000 and a minimum amount of $5,000,000) and (ii) the date on which such Incremental Commitments are requested to become effective (which shall not be less than ten
(10) Business Days nor more than sixty (60) days after the date of such notice (or such longer or shorter periods as the Administrative Agent shall agree)). The Borrower may seek Incremental Commitments from existing Lenders (each of which
shall be entitled to agree or decline to participate in its sole discretion) or, to the extent that existing Lenders do not agree to provide Incremental Commitments in the amount requested, any Additional Lender. 

  
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 (b) It shall be a condition precedent to the effectiveness of any Incremental Commitment that
(i) no Default or Event of Default shall have occurred and be continuing immediately prior to or immediately after giving effect to such Incremental Commitment, (ii) the representations and warranties set forth in Article 3 and in each
other Loan Document shall be true and correct in all material respects on and as of the date such Incremental Commitments become effective, (iii) immediately after the effectiveness of such Incremental Commitment, Liquidity shall equal or
exceed $30,000,000 and (iv) the terms of such Incremental Commitments and the Incremental Loans thereunder shall comply with Section 2.22(c). 

(c) Each Incremental Commitment (and the Incremental Loans thereunder) shall be implemented as an increase to the Total Commitments and shall
be on terms identical to the existing Commitments (and the Loans thereunder). 
 (d) In connection with any Incremental Commitments, the
Borrower, the Administrative Agent and each applicable Incremental Lender shall execute and deliver to the Administrative Agent an Additional Credit Extension Amendment and such other documentation as the Administrative Agent shall reasonably
specify to evidence the Incremental Commitment of each Incremental Lender. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Additional Credit Extension Amendment. Any Additional Credit Extension Amendment
may, without consent of any other Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of
this Section 2.22, and such other technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection with the establishment of such new Class or tranche, in each case on
terms consistent with this Section 2.22. If, on the date of such increase, there are any Loans outstanding, such Loans shall upon the effectiveness of such Incremental Commitment be prepaid from the proceeds of additional Loans made hereunder
so that the Loans are thereafter held by the Lenders according to their Credit Percentages (after giving effect to the increase in Commitments), which prepayment shall be accompanied by accrued interest on the Loans being prepaid and any costs
incurred by any Lender in accordance with Section 2.15. The Administrative Agent and the Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply
to the transactions effected pursuant to the immediately preceding sentence. 
 Section 2.23. Amend and Extend
Transactions. (a) The Borrower may, by written notice to the Administrative Agent from time to time, request (each, an “Extension”) of the Maturity Date of any Class of Loans and Commitments to the extended
maturity date specified in such notice; provided that in no event shall more than three different maturity dates be applicable to Loans and Commitments hereunder. Such notice shall set forth (i) the amount of the applicable Class of
Commitments to be extended (which shall be in minimum increments of $1,000,000 and a minimum amount of $5,000,000), (ii) the date on which such Extension is requested to become effective (which shall be not less than ten (10) Business Days
nor more than sixty (60) days after 

  
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the date of such Extension (or such longer or shorter periods as the Administrative Agent shall agree)) and (iii) identifying the relevant Class of Commitments to which such Extension
relates. Each Lender of the applicable Class shall be offered (an “Extension Offer”) an opportunity to participate in such Extension on a pro rata basis and on the same terms and conditions as each other Lender of such Class
pursuant to procedures established by, or reasonably acceptable to, the Administrative Agent. If the aggregate principal amount of Commitments (calculated on the face amount thereof) in respect of which Lenders shall have accepted the relevant
Extension Offer shall exceed the maximum aggregate principal amount of Commitments requested to be extended by the Borrower pursuant to such Extension Offer, then the Commitments of Lenders of the applicable Class shall be extended ratably up to
such maximum amount based on the respective principal amounts (but not to exceed actual holdings of record) with respect to which such Lenders have accepted such Extension Offer. 

(b) It shall be a condition precedent to the effectiveness of any Extension that (i) no Default or Event of Default shall have occurred
and be continuing immediately prior to and immediately after giving effect to such Extension, (ii) the representations and warranties set forth in Article 3 and in each other Loan Document shall be true and correct in all material respects on
and as of the date of such Extension and (iii) the terms of such Extended Commitments shall comply with Section 2.23(c). 
 (c)
The terms of each Extension shall be determined by the Borrower and the applicable extending Lender and set forth in an Additional Credit Extension Amendment; provided that (i) the final maturity date of any Extended Commitment shall be
no earlier than the Maturity Date, (ii) there shall be no scheduled amortization of the Extended Commitments, (iii) the Extended Loans will rank pari passu (or more junior) in right of payment and with respect to security with the existing
Loans and the borrower and guarantors of the Extended Commitments shall be the same as the borrower and guarantors with respect to the existing Loans, (iv) the interest rate margin, rate floors, fees, original issue discounts and premiums
applicable to any Extended Commitment (and the Extended Loans thereunder) shall be determined by the Borrower and the applicable extending Lender and (v) to the extent the terms of the Extended Commitments are inconsistent with the terms set
forth herein (except as set forth in clause (i) through (iv) above), such terms shall be reasonably satisfactory to the Administrative Agent. 

(d) In connection with any Extension, the Borrower, the Administrative Agent and each applicable extending Lender shall execute and deliver to
the Administrative Agent an Additional Credit Extension Amendment and such other documentation as the Administrative Agent shall reasonably specify to evidence the Extension. The Administrative Agent shall promptly notify each Lender as to the
effectiveness of each Extension. Any Additional Credit Extension Amendment may, without the consent of any other Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable
opinion of the Administrative Agent and the Borrower, to implement the terms of any such Extension Offer, including any amendments necessary to establish Extended Commitments as a new Class or tranche of Commitments and such other technical
amendments as may be 

  
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necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection with the establishment of such new Class or tranche (including to preserve the pro
rata treatment of the extended and non-extended Classes or tranches), in each case on terms consistent with this Section 2.23). 

ARTICLE 3 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to the Administrative Agent, the Collateral Agent and each of the Lenders on the Closing Date and on each
other date contemplated by Article 4 that: 
 Section 3.01. Organization; Powers. The Borrower and each of the
Restricted Subsidiaries (a) is duly organized and/or established, as the case may be, validly existing and in good standing under the laws of the jurisdiction of its organization or establishment, as applicable, (b) has all requisite power
and authority to own its material property and assets and to carry on its business as now conducted and as proposed to be conducted, (c) is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is
required, except where the failure so to qualify could not reasonably be expected to result in a Material Adverse Effect, and (d) has the power and authority to execute, deliver and perform its obligations under each of the Loan Documents and
each other agreement or instrument contemplated thereby to which it is or will be a party and, in the case of the Borrower, to borrow hereunder. 

Section 3.02. Authorization. The Transactions (a) have been duly authorized by all requisite corporate and, if
required, stockholder action of the Borrower and each other Loan Party and (b) will not (i) violate (A) any provision of law, statute, rule or regulation, or of the certificate or articles of incorporation, partnership agreement or
other constitutive documents or by-laws of the Borrower or any Restricted Subsidiary, (B) any order of any Governmental Authority or (C) any provision of any indenture, agreement or other instrument to which the Borrower or any Restricted
Subsidiary is a party or by which any of them or any of their property is or may be bound, (ii) be in conflict with, result in a breach of or constitute (alone or with the giving of notice or lapse of time or both) a default under, or give rise
to any right to accelerate or to require the prepayment, repurchase or redemption of any obligation under any such indenture, agreement or other instrument or (iii) result in the creation or imposition of any Lien upon or with respect to any
property or assets now owned or hereafter acquired by the Borrower or any Restricted Subsidiary (other than any Lien created hereunder or under the Security Documents). 

Section 3.03. Enforceability. This Agreement has been duly executed and delivered by the Borrower and constitutes, and
each other Loan Document when executed and delivered by each Loan Party thereto will constitute, a legal, valid and binding obligation of such Loan Party enforceable against such Loan Party in accordance with its terms, except as the enforceability
thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity. 

  
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 Section 3.04. Governmental Approvals. No action, consent or approval of,
registration or filing with or any other action by any Governmental Authority or third party is or will be required in connection with the Transactions, except for (a) the filing of Uniform Commercial Code financing statements and filings with
the United States Patent and Trademark Office and the United States Copyright Office, (b) recordation of the Mortgages and (c) such as have been made or obtained and are in full force and effect. 

Section 3.05. Financial Statements. The Borrower has, heretofore, delivered to the Lenders (a) the consolidated
balance sheets and related statements of income, stockholder’s equity and cash flows of the Borrower and its consolidated Subsidiaries as of and for (i) the fiscal years ended December 31, 2011 and January 31, 2013, audited by
and accompanied by the opinion of Ernst & Young LLP, independent public accountants, and (ii) the fiscal quarter and the portion of the fiscal year ended April 30, 2013, unaudited and certified by its chief financial officer and
(b) consolidated statements of income, stockholder’s equity and cash flows of the Borrower and its consolidated Subsidiaries as and for the period from January 1, 2012 through and including January 31, 2012, audited by and
accompanied by the opinion of Ernst & Young LLP, independent public accountants. Such financial statements present fairly in all material respects the financial condition and results of operations and cash flows of the Borrower and its
consolidated Subsidiaries as of such dates and for such periods. Such balance sheets and the notes thereto disclose all material liabilities, direct or contingent, of the Borrower and its consolidated Subsidiaries as of the dates thereof that are
required to be disclosed on financial statements prepared in accordance with GAAP. Such financial statements were prepared in accordance with GAAP applied on a consistent basis, subject, in the case of unaudited financial statements, to year-end
audit adjustments and the absence of footnotes. 
 Section 3.06. No Material Adverse Effect. No event or
circumstance has occurred that has had, or could reasonably be expected to have, a Material Adverse Effect. 
 Section 3.07.
Title to Properties; Possession under Leases. (a) Each of the Borrower and the Restricted Subsidiaries has good and marketable title to, valid leasehold interests in, or easements, licenses or other limited property
interests in, all its properties that are necessary for the operation of their respective businesses as currently conducted and as proposed to be conducted, free and clear of all Liens (other than Liens permitted by Section 6.02). 

(b) Each of the Borrower and the Restricted Subsidiaries has complied with all obligations under all material leases to which it is a party
and all such leases are in full force and effect. To the Borrower’s knowledge, each of the Borrower and the Restricted Subsidiaries enjoys peaceful and undisturbed possession under all such material leases. 

(c) As of the Closing Date, (i) no real property or other assets material to the Borrower and its Restricted Subsidiaries is affected by
any fire or other casualty (whether or not covered by insurance) and (ii) the Borrower has not received any notice of, nor has 

  
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any knowledge of, any pending or contemplated condemnation proceeding (or any sale or disposition thereof in lieu of condemnation) affecting any real property or other assets material to the
Borrower or its Restricted Subsidiaries. 
 Section 3.08. Subsidiaries. Schedule 3.08 sets forth as of the
Closing Date a list of all Subsidiaries and the percentage ownership interest of the Borrower therein. The shares of capital stock or other ownership interests so indicated on Schedule 3.08 are fully paid and nonassessable and are owned by the
Borrower, directly or indirectly, free and clear of all Liens (other than Liens created under the Security Documents and nonconsensual Liens permitted by Section 6.02). 

Section 3.09. Litigation; Compliance with Laws. (a) There are no actions, suits or proceedings at law or in
equity or by or before any Governmental Authority now pending or, to the knowledge of the Borrower, threatened against or affecting the Borrower or any Restricted Subsidiary or any business, property or rights of any such Person (i) that
involve any Loan Document or the Transactions or (ii) that could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 

(b) None of the Borrower or any of the Restricted Subsidiaries or any of their respective material properties or assets is in violation of,
nor will the continued operation of their material properties and assets as currently conducted violate, any law, rule or regulation (including any zoning, building, Environmental Law, ordinance, code or approval or any building permits) or any
restrictions of record or agreements affecting the Mortgaged Property, or is in default with respect to any judgment, writ, injunction, decree or order of any Governmental Authority, where, in each case, such violation or default has resulted or
could reasonably be expected to result in a Material Adverse Effect. 
 (c) Certificates of occupancy and permits are in effect for each
Mortgaged Property as currently constructed, and true and complete copies of such certificates of occupancy have been delivered to the Collateral Agent as mortgagee with respect to each Mortgaged Property. 

Section 3.10. Agreements. (a) None of the Borrower or any of the Restricted Subsidiaries is a party to any
agreement or instrument or subject to any corporate restriction that has resulted or could reasonably be expected to result in a Material Adverse Effect. 

(b) None of the Borrower or any of the Restricted Subsidiaries is in default in any manner under any provision of any indenture or other
agreement or instrument evidencing Indebtedness, or any other material agreement or instrument to which it is a party or by which it or any of its properties or assets are or may be bound, where such default has resulted or could reasonably be
expected to result in a Material Adverse Effect. 

  
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 Section 3.11. Federal Reserve Regulations. (a) None of the Borrower
or any of the Restricted Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock. 

(b) No part of the proceeds of any Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, for
any purpose that entails a violation of, or that is inconsistent with, the provisions of the regulations of the Board, including Regulation T, U or X. 

Section 3.12. Investment Company Act. None of the Borrower or any Restricted Subsidiary is required to register as an
“investment company,” as defined in the Investment Company Act. 
 Section 3.13. Use of
Proceeds. The Borrower will use the proceeds of the Loans (other than Incremental Loans) only for the purposes specified in the introductory statement to this Agreement. 

Section 3.14. Taxes. Each of the Borrower and the Restricted Subsidiaries has filed or caused to be filed all U.S.
federal, state, local and foreign tax returns or materials required to have been filed by it and has paid or caused to be paid all Taxes due and payable by it and all assessments received by it, except Taxes that are being contested in good faith by
appropriate proceedings and for which the Borrower or the applicable Restricted Subsidiary, as applicable, shall have set aside on its books adequate reserves. 

Section 3.15. No Material Misstatements. No information, report, financial statement, exhibit or schedule furnished by
or on behalf of the Borrower to the Administrative Agent or any Lender, taken as a whole, in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto contained any material misstatement of fact or
omitted, as of the date so furnished, to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading; provided that, to the extent any such
information, report, financial statement, exhibit or schedule was based upon or constitutes a forecast or projection, the Borrower represents and warrants only that it acted in good faith and utilized reasonable assumptions (based upon accounting
principles consistent with the historical audited financial statements of the Borrower) and due care in the preparation of such information, report, financial statement, exhibit or schedule. 

Section 3.16. Employee Benefit Plans.

(a) With respect to each employee benefit plan as defined in Section 3(3) of ERISA, the Borrower, the Restricted Subsidiaries and their
respective ERISA Affiliates are in compliance with the applicable provisions of ERISA and the Code and the regulations and published interpretations thereunder, except where the failure to so comply could not reasonably be expected to result in a
Material Adverse Effect. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events, has resulted or could reasonably be expected to result

  
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in a Material Adverse Effect. There exists no Unfunded Pension Liability with respect to any Plans that could reasonably be expected to result in a Material Adverse Effect. 

(b) Each Foreign Pension Plan is in compliance with all requirements of law applicable thereto and the respective requirements of the
governing documents for such plan, except where the failure to so comply could not reasonably be expected to result in a Material Adverse Effect. With respect to each Foreign Pension Plan, none of the Borrower, any Subsidiaries or any of their
respective directors, officers, employees or agents has engaged in a transaction which would subject the Borrower or any Subsidiary, directly or indirectly, to a tax or civil penalty which has resulted or could reasonably be expected, individually
or in the aggregate, to result in a Material Adverse Effect. With respect to each Foreign Pension Plan, reserves have been established in the financial statements furnished to Lenders in respect of any unfunded liabilities in accordance with
applicable law and prudent business practice or, where required, in accordance with ordinary accounting practices in the jurisdiction in which such Foreign Pension Plan is maintained. The aggregate unfunded liabilities with respect to such Foreign
Pension Plans has not resulted or could not reasonably be expected to result in a Material Adverse Effect; the present value of the aggregate accumulated benefit liabilities of all such Foreign Pension Plans (based on those assumptions used to fund
each such Foreign Pension Plan) did not, as of the last annual valuation date applicable thereto, exceed by more than $5,000,000 the fair market value of the assets of all such Foreign Pension Plans. 

Section 3.17. Environmental Matters. (a) Except with respect to any matters that, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect, none of the Borrower or any of the Restricted Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit,
license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for
any Environmental Liability. 
 (b) Except with respect to any matters that, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect: (i) each Mortgaged Property is and has been in compliance with all Environmental Law and has obtained, maintained and complied with any permit, license or other approval required under any
Environmental Law, (ii) there are no Environmental Liabilities that have arisen or exist in connection with or in any way relating to any of the Mortgaged Property and (iii) none of the Borrower or any of the Subsidiaries knows of any
basis for any Environmental Liability in connection with or in any way relating to any of the Mortgaged Property. 
 (c) There has been no
environmental investigation, study, audit, test, review or other analysis conducted that is within the possession, custody or control of the Borrower or any of the Subsidiaries in relation to the current or prior business the Borrower or any
Subsidiary or any property or facility now or previously owned, leased 

  
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or operated by the Borrower or any Subsidiary, including the Mortgaged Properties, which has not been delivered to the Lenders at least five days prior to the date hereof. 

(d) For purposes of this Section, the terms “Borrower” and “Restricted Subsidiary” shall include any
business or business entity which is, in whole or in part, a predecessor of the Borrower or any Restricted Subsidiary. 
 Section 3.18.
Insurance. Schedule 3.18 sets forth a true, complete and correct description of all insurance maintained by the Borrower or by the Borrower for its Restricted Subsidiaries as of the Closing Date. As of such date, such
insurance is in full force and effect and all premiums have been duly paid. The Borrower and its Restricted Subsidiaries have insurance in such amounts and covering such risks and liabilities as are in accordance with normal industry practice. 

Section 3.19. Security Documents. (a) The Guarantee and Collateral Agreement, upon execution and delivery thereof
by the parties thereto, will create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral and the proceeds thereof and (i) when the Collateral that
is required to be delivered to the Collateral Agent pursuant to the Guarantee and Collateral Agreement is so delivered, the Lien created under Guarantee and Collateral Agreement shall constitute a fully perfected first priority Lien on, and security
interest in, all right, title and interest of the Loan Parties in such Collateral, in each case prior and superior in right to any other Person, to the extent a Lien on such Collateral may be perfected by possession, and (ii) when the financing
statements in appropriate form are filed in the offices specified on Schedule 3.19(a), the Lien created under the Guarantee and Collateral Agreement will constitute a fully perfected Lien on, and security interest in, all right, title and
interest of the Loan Parties in the Collateral described in such statements (other than Intellectual Property), in each case prior and superior in right to any other Person, in each case, to the extent a lien on such Collateral may be perfected by
filing a financing statement, other than with respect to Liens expressly permitted by Section 6.02. 
 (b) Upon the recordation of the
Guarantee and Collateral Agreement (or a short-form security agreement in form and substance reasonably satisfactory to the Borrower and the Collateral Agent) with the United States Patent and Trademark Office and the United States Copyright Office,
together with the financing statements in appropriate form filed in the offices specified on Schedule 3.19(a), the Lien created under the Guarantee and Collateral Agreement shall constitute a fully perfected Lien on, and security interest in,
all right, title and interest of the Loan Parties in the Intellectual Property in which a security interest may be perfected by filing in the United States and its territories and possessions, in each case prior and superior in right to any other
Person, other than with respect to Liens expressly permitted by Section 6.02 (it being understood that subsequent recordings in the United States Patent and Trademark Office and the United States Copyright Office may be necessary to perfect a
Lien on registered trademarks and patents, trademark and patent applications and registered copyrights acquired by the Loan Parties after the date hereof). 

  
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 (c) Each Mortgage is effective to create in favor of the Collateral Agent, for the ratable
benefit of the Secured Parties, a legal, valid and enforceable first priority Lien on all of the applicable Loan Party’s right, title and interest in and to the Mortgaged Property thereunder and the proceeds thereof, and when such Mortgage is
filed in the office notified in writing by the Borrower to the Collateral Agent, such Mortgage shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of such Loan Party in such Mortgaged
Property and the proceeds thereof, in each case prior and superior in right to any other Person, other than with respect to Liens expressly permitted by Section 6.02. 

Section 3.20. Location of Real Property and Leased Premises. (a) Schedule 3.20(a) lists completely and
correctly as of the Closing Date all real property owned by the Borrower and the Restricted Subsidiaries and the addresses thereof. 
 (b)
Schedule 3.20(b) lists completely and correctly as of the Closing Date each parcel of real property leased, subleased, licensed or sublicensed by the Borrower and the Restricted Subsidiaries, the address and the owner thereof, and the
expiration date of the related lease, sublease, license or sublicense. 
 Section 3.21. Intellectual Property. The
Borrower and each Restricted Subsidiary owns or is licensed to use all of its Intellectual Property material to its respective business, and neither the use thereof nor the conduct of their respective businesses infringes, misappropriates or
otherwise violates the Intellectual Property rights of any other Person, except for any such infringements, misappropriations and other violations that could not reasonably be expected, individually or in the aggregate, to result in a Material
Adverse Effect. 
 Section 3.22. Labor Matters. As of the Closing Date, there are no strikes, lockouts or slowdowns
against the Borrower or any Restricted Subsidiary pending or, to the knowledge of the Borrower, threatened. The hours worked by and payments made to employees of the Borrower and the Restricted Subsidiaries have not been in violation of the Fair
Labor Standards Act or any other applicable Federal, state, local or foreign law dealing with such matters except where such violation could not reasonably be expected to have a Material Adverse Effect. All payments due from the Borrower or any
Restricted Subsidiary, or for which any claim may be made against the Borrower or any Restricted Subsidiary, on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of
the Borrower or such Restricted Subsidiary in all material respects. The consummation of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to
which the Borrower or any Restricted Subsidiary is bound. 
 Section 3.23. Solvency. Immediately after the
consummation of the Transactions to occur on the Closing Date and after giving effect to each Credit Event, the Borrower and its Restricted Subsidiaries, taken as a whole, are Solvent. 

  
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 Section 3.24. Sanctioned Persons. None of the Borrower or any Subsidiary
nor, to the knowledge of the Borrower, any director, officer, agent, employee or Affiliate of the Borrower or any Subsidiary is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury
Department (“OFAC”); and the Borrower will not directly or indirectly use the proceeds of the Loans or otherwise make available such proceeds to any Person, for the purpose of financing the activities of any Person currently subject
to any U.S. sanctions administered by OFAC. 
 Section 3.25. Foreign Corrupt Practices Act. Each of the Borrower,
the Subsidiaries and their respective directors, officers, agents, employees, and any person acting for or on behalf of the Borrower or such Subsidiaries has complied with, and will comply with, the U.S. Foreign Corrupt Practices Act, as amended
from time to time, or any other applicable anti-bribery or anti-corruption law, and it and they have not made, offered, promised, or authorized, and will not make, offer, promise, or authorize, whether directly or indirectly, any payment, of
anything of value to: (a) an executive, official, employee or agent of a governmental department, agency or instrumentality, (b) a director, officer, employee or agent of a wholly or partially government-owned or government-controlled
company or business, (c) a political party or official thereof, or candidate for political office or (d) an executive, official, employee or agent of a public international organization (e.g., the International Monetary Fund or the World
Bank) (“Government Official”); while knowing or having a reasonable belief that all or some portion will be used for the purpose of: (i) influencing any act, decision or failure to act by a Government Official in his or her
official capacity, (ii) inducing a Government Official to use his or her influence with a government or instrumentality to affect any act or decision of such government or entity or (iii) securing an improper advantage; in order to obtain,
retain, or direct business. 
 Section 3.26. Anti-Terrorism Law. Neither the Borrower nor any of the Subsidiaries is
in violation of any legal requirement relating to any laws with respect to terrorism or money laundering (“Anti-Terrorism Laws”), including Executive Order No. 13224 on Terrorist Financing effective September 24, 2001 (the
“Executive Order”) and the USA PATRIOT Act. 
 ARTICLE 4 

CONDITIONS OF LENDING 

The obligations of the Lenders to make Loans hereunder are subject to the satisfaction of the following conditions: 

Section 4.01. All Credit Events. On the date of each Borrowing (other than a conversion or a continuation of a
Borrowing) (each such event being called a “Credit Event”): 
 (a) The Administrative Agent shall have received a notice of
such Borrowing as required by Section 2.03. 

  
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 (b) The representations and warranties set forth in Article 3 and in each other Loan Document
shall be true and correct in all material respects on and as of the date of such Credit Event with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date.

 (c) At the time of and immediately after such Credit Event, no Default or Event of Default shall have occurred and be continuing. 

(d) Immediately after such Credit Event, Liquidity shall equal or exceed $30,000,000. 

(e) Immediately after such Credit Event and the use of proceeds thereof, the aggregate amount of cash and Permitted Investments of the
Borrower and the Subsidiaries shall not exceed (i) $40,000,000 plus (ii) if the Borrower issues any Qualified Capital Stock on or after August 1, 2013 to investors in transactions not involving a public offering, the lesser of
(x) 50% of the net cash proceeds to the Borrower of such issuances and (y) $15,000,000; provided that if after such Credit Event the amount of cash and Permitted Investments of the Borrower and the Subsidiaries exceeds such amount
solely as a result of compliance with the minimum borrowing amounts set forth in Section 2.02(a), then the Borrower shall be deemed to be in compliance with this clause (e) notwithstanding such excess. 

The delivery of each Borrowing Request shall be deemed to constitute a representation and warranty by the Borrower on the date of such Credit
Event as to the matters specified in paragraphs (b), (c), (d) and (e) of this Section 4.01. 
 Section 4.02. First
Credit Event. On the Closing Date: 
 (a) The Administrative Agent shall have received, on behalf of itself and the Lenders, a
favorable written opinion of Perkins Coie LLP, counsel for the Borrower, in form and substance reasonably satisfactory to the Administrative Agent (i) dated the Closing Date, (ii) addressed to the Administrative Agent and the Lenders and
(iii) covering such other matters relating to the Loan Documents and the Transactions as the Administrative Agent shall reasonably request, and the Borrower hereby requests such counsel to deliver such opinions. 

(b) The Administrative Agent shall have received (i) a copy of the certificate or articles of incorporation (or comparable organizational
document), including all amendments thereto, of each Loan Party, certified as of a recent date by the Secretary of State (or comparable entity) of the jurisdiction of its organization, and a certificate as to the good standing (where such concept is
applicable) of each Loan Party as of a recent date, from such Secretary of State (or comparable entity), (ii) a certificate of the Secretary or Assistant Secretary of each Loan Party dated the Closing Date and certifying (A) that attached
thereto is a true and complete copy of the by-laws of such Loan Party as in effect on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true
and complete copy of resolutions duly adopted by the Board of Directors (or comparable governing body) of 

  
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such Loan Party authorizing the execution, delivery and performance of the Loan Documents to which such Loan Party is a party and, in the case of the Borrower, the borrowings hereunder, and that
such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation (or comparable organizational document) of such Loan Party have not been amended since the
date of the last amendment thereto shown on the certificate of good standing furnished pursuant to clause (i) above and (D) as to the incumbency and specimen signature of each officer executing any Loan Document or any other document
delivered in connection herewith on behalf of such Loan Party; and (iii) a certificate of another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to clause
(ii) above. 
 (c) The Administrative Agent shall have received a certificate, dated the Closing Date and signed by a Responsible
Officer of the Borrower, confirming compliance with the conditions precedent set forth in Section 4.01 and this Section 4.02. 

(d) The Administrative Agent shall have received all Fees, all fees payable under the Engagement Letter and all other amounts due and payable
on or prior to the Closing Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder or under any other Loan Document. 

(e) The Administrative Agent shall have received duly executed counterparts of this Agreement from each party hereto. 

(f) (i) the Administrative Agent shall have received duly executed counterparts of each Security Document from each party thereto and
(ii) the Security Documents shall be in full force and effect on the Closing Date and the Collateral Agent on behalf of the Secured Parties shall have a perfected security interest in the Collateral of the type and priority described in each
Security Document. 
 (g) The Collateral Agent shall have received a Perfection Certificate with respect to the Loan Parties dated the
Closing Date and duly executed by a Responsible Officer of the Borrower, and shall have received the results of a search of the Uniform Commercial Code filings (or equivalent filings) made with respect to the Loan Parties in the states (or other
jurisdictions) of formation of such Persons, in each case as indicated on such Perfection Certificate, together with copies of the financing statements (or similar documents) disclosed by such search, and accompanied by evidence satisfactory to the
Collateral Agent that the Liens indicated in any such financing statement (or similar document) would be permitted under Section 6.02 or have been or will be contemporaneously released or terminated. 

(h) The Administrative Agent shall have received a copy of, or a certificate as to coverage under, the insurance policies required by
Section 5.02 and the applicable provisions of the Security Documents, each of which shall be endorsed or otherwise amended to include a customary lender’s loss payable endorsement and to name the

  
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Collateral Agent as additional insured, in form and substance satisfactory to the Administrative Agent. 

(i) All principal, premium, if any, interest, fees and other amounts due or outstanding under the Existing Debt shall have been or will be,
substantially simultaneously with the Closing Date, paid in full, the commitments thereunder terminated and all guarantees and security in support thereof discharged and released and the Administrative Agent shall have received reasonably
satisfactory evidence thereof. Immediately after giving effect to the Transactions and the other transactions contemplated hereby, the Borrower and the Subsidiaries shall have outstanding no Indebtedness or preferred stock other than
(i) Indebtedness outstanding under this Agreement and (ii) Indebtedness set forth on Schedule 6.01(a). 
 (j) The Lenders
shall have received the financial statements and opinion referred to in Section 3.05, which financial statements shall not be in a form materially inconsistent with the financial statements or forecasts previously provided to the Administrative
Agent. 
 (k) The Administrative Agent shall have received a certificate from the chief financial officer of the Borrower certifying that
the Borrower and its Restricted Subsidiaries, on a consolidated basis, after giving effect to the Transactions to occur on the Closing Date, are Solvent. 

(l) All requisite Governmental Authorities and third parties shall have approved or consented to the Transactions and the other transactions
contemplated hereby to the extent required, all applicable appeal periods shall have expired and there shall not be any pending or threatened litigation, governmental, administrative or judicial action that has resulted or could reasonably be
expected to restrain, prevent or impose burdensome conditions on the Transactions or the other transactions contemplated hereby. 
 (m) The
Lenders shall have received, at least three (3) Business Days prior to the Closing Date, to the extent requested, all documentation and other information required by regulatory authorities under applicable “know your customer”
and anti-money laundering rules and regulations, including the USA PATRIOT Act. 
 ARTICLE 5 

AFFIRMATIVE COVENANTS 

The Borrower covenants and agrees with each Lender that so long as this Agreement shall remain in effect and until the Commitments have been
terminated and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under any Loan Document shall have been paid in full, unless the Required Lenders shall otherwise consent in writing, the Borrower will,
and will cause each of the Restricted Subsidiaries to: 

  
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 Section 5.01. Existence; Compliance with Laws; Businesses and
Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05. 

(b) Do or cause to be done all things necessary to obtain, preserve, renew, extend and keep in full force and effect the rights, licenses,
permits, franchises, authorizations and Intellectual Property material to the conduct of its business; maintain and operate such business in substantially the manner in which it is presently conducted and operated and comply in all material respects
with all applicable laws, rules, regulations and decrees and orders of any Governmental Authority, whether now in effect or hereafter enacted, in each case, except to the extent any such right and/or Intellectual Property is no longer used or useful
in the conduct of the Borrower’s business. 
 (c) (i) Maintain, preserve, and protect all of its material properties and equipment
necessary in the operation of its business in good working order, repair and condition (ordinary wear and tear, casualty or condemnation excepted), (ii) make all necessary renewals, repairs, replacements, modifications, improvements, upgrades,
extensions and additions thereof or thereto in accordance with prudent industry practice in order that the business carried on in connection therewith may be properly conducted at all times and (iii) keep all material leases to which it is a
party in full force and effect, in each case, except to the extent any such equipment is no longer used or useful in the conduct of the Borrower’s business. 

Section 5.02. Insurance. (a) Keep its insurable properties adequately insured at all times by financially sound
and reputable insurers; maintain such other insurance, to such extent and against such risks, including fire and other risks insured against by extended coverage, as is customary with companies in the same or similar businesses operating in the same
or similar locations, including public liability insurance against claims for personal injury or death or property damage occurring upon, in, about or in connection with the use of any properties owned, occupied or controlled by it and maintain such
other insurance as may be required by law. 
 (b) Cause all such policies covering any Collateral to be endorsed or otherwise amended to
include a customary lender’s loss payable endorsement, in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent, which endorsement shall provide that, from and after the Closing Date, if the insurance
carrier shall have received written notice from the Administrative Agent or the Collateral Agent of the occurrence of an Event of Default, the insurance carrier shall pay all proceeds otherwise payable to the Borrower or the Loan Parties under such
policies directly to the Collateral Agent; cause all such policies to provide that neither the Borrower, the Administrative Agent, the Collateral Agent nor any other party shall be a coinsurer thereunder and to contain a “Replacement Cost
Endorsement,” without any deduction for depreciation, and such other provisions as the Administrative Agent or the Collateral Agent may reasonably require from time to time to protect their interests; deliver original or certified copies of
all such policies to the Collateral Agent; cause each such policy to provide that it shall not be canceled, modified or not renewed (i) by reason of nonpayment of premium upon not less than 10 days’ prior written notice thereof by the

  
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insurer to the Administrative Agent and the Collateral Agent (giving the Administrative Agent and the Collateral Agent the right to cure defaults in the payment of premiums) or (ii) for any
other reason upon not less than 30 days’ prior written notice thereof by the insurer to the Administrative Agent and the Collateral Agent and deliver to the Administrative Agent and the Collateral Agent, prior to the cancellation, modification
or nonrenewal of any such policy of insurance, a copy of a renewal or replacement policy (or other evidence of renewal of a policy previously delivered to the Administrative Agent and the Collateral Agent) together with evidence satisfactory to the
Administrative Agent and the Collateral Agent of payment of the premium therefor. 
 (c) If at any time the area in which the Premises (as
defined in the Mortgages) are located is designated (i) a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), obtain flood insurance, if so
requested by any Lender, in such total amount as the Administrative Agent, the Collateral Agent or the Required Lenders may from time to time require and otherwise comply with the NFIP as set forth in the Flood Laws or (ii) a “Zone
1” area, obtain earthquake insurance in such total amount as the Administrative Agent, the Collateral Agent or the Required Lenders may from time to time require. Following the Closing Date, the Borrower shall deliver to the Collateral
Agent annual renewals of the flood insurance policy or annual renewals of a force-placed flood insurance policy for each Mortgaged Property if flood insurance for such Mortgaged Property was requested by any Lender. In connection with any amendment
to this Agreement pursuant to which any increase, extension, or renewal of Loans is contemplated, the Borrower shall, if requested by any Lender, cause to be delivered to the Collateral Agent for any Mortgaged Property, a Flood Determination Form,
Borrower Notice and Evidence of Flood Insurance, as applicable. 
 (d) With respect to any Mortgaged Property, carry and maintain
comprehensive general liability insurance including the “broad form CGL endorsement” and coverage on an occurrence basis against claims made for personal injury (including bodily injury, death and property damage) and umbrella
liability insurance against any and all claims, in no event for a combined single limit of less than that which is customary for companies in the same or similar businesses operating in the same or similar locations, naming the Collateral Agent as
an additional insured, on forms satisfactory to the Collateral Agent. 
 (e) Notify the Administrative Agent and the Collateral Agent
promptly whenever any separate insurance concurrent in form or contributing in the event of loss with that required to be maintained under this Section 5.02 is taken out by any Loan Party and promptly deliver to the Administrative Agent and the
Collateral Agent a duplicate original copy of such policy or policies. 
 Section 5.03. Obligations and Taxes. Pay its
Indebtedness and other obligations promptly and in accordance with their terms and pay and discharge promptly when due all Taxes, before the same shall become delinquent or in default, as well as all lawful claims for labor, materials and supplies
or otherwise that, if unpaid, might give rise to a Lien upon such properties or any part thereof; provided that such payment and discharge 

  
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shall not be required with respect to (a) any amounts not exceeding $50,000; and (b) any amounts the validity or amount of which shall be contested in good faith by appropriate
proceedings, the Borrower shall have set aside on its books adequate reserves with respect thereto in accordance with GAAP, such contest operates to suspend collection of the contested obligation, tax, assessment or charge and enforcement of a Lien
and, in the case of a Mortgaged Property, there is no material risk of forfeiture of such property. 
 Section 5.04. Financial
Statements, Reports, etc. In the case of the Borrower, furnish to the Administrative Agent, which shall furnish to each Lender (including each Public Lender): 

(a) within 90 days (or, in the case of the fiscal year ending January 31, 2014, as soon as available but in no event more than 120 days)
after the end of each fiscal year, its consolidated balance sheet and related statements of income, stockholders’ equity and cash flows showing the financial condition of the Borrower and its consolidated Subsidiaries as of the close of such
fiscal year and the results of its operations and the operations of such Subsidiaries during such year, together with comparative figures for the immediately preceding fiscal year, all audited by Ernst & Young LLP or other independent
public accountants of recognized national standing and accompanied by an opinion of such accountants (which opinion shall be without a “going concern” or like qualification or exception and without any qualification or exception as to the
scope of such audit) to the effect that such consolidated financial statements fairly present the financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied, together with a customary “management discussion and analysis” provision; 
 (b) within 45 days after the
end of each of the first three fiscal quarters of each fiscal year, its consolidated balance sheet and related statements of income, stockholders’ equity and cash flows showing the financial condition of the Borrower and its consolidated
Subsidiaries as of the close of such fiscal quarter and the results of its operations and the operations of such Subsidiaries during such fiscal quarter and the then elapsed portion of the fiscal year, and comparative figures for the same periods in
the immediately preceding fiscal year, all certified by one of its Financial Officers as fairly presenting the financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with
GAAP consistently applied, subject to normal year-end audit adjustments, together with a customary “management discussion and analysis” provision; 

(c) concurrently with any delivery of financial statements under paragraph (a) or (b) above, a certificate of a Financial Officer in
the form of Exhibit E (i) certifying that no Event of Default or Default has occurred or, if such an Event of Default or Default has occurred, specifying the nature and extent thereof and any corrective action taken or proposed to be taken
with respect thereto and (ii) attaching an updated Schedule 1.01(c) or certifying that no changes to such schedule are necessary; 

(d) within 30 days after the beginning of each fiscal year of the Borrower, a detailed consolidated budget for such fiscal year (including a
projected consolidated 

  
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balance sheet and related statements of projected operations and cash flows as of the end of and for such fiscal year and setting forth the assumptions used for purposes of preparing such budget)
and, promptly when available, any significant revisions of such budget; 
 (e) promptly after the same become publicly available, copies of
all periodic and other reports, proxy statements and other materials filed by the Borrower or any Subsidiary with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of the functions of said Commission, or
with any national securities exchange, or distributed to its shareholders, as the case may be; 
 (f) promptly after the receipt thereof by
the Borrower or any of the Subsidiaries, a copy of any “management letter” received by any such Person from its certified public accountants and the management’s response thereto; 

(g) promptly after the request by any Lender, all documentation and other information that such Lender reasonably requests in order to comply
with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act; and 

(h) promptly, from time to time, such other information regarding the operations, business affairs and financial condition of the Borrower or
any Subsidiary, or compliance with the terms of any Loan Document, as the Administrative Agent or any Lender may reasonably request. 

Section 5.05. Litigation and Other Notices. Furnish to the Administrative Agent and each Lender prompt written notice
of the following: 
 (a) any Event of Default or Default, specifying the nature and extent thereof and the corrective action (if any) taken
or proposed to be taken with respect thereto; 
 (b) the filing or commencement of, or any written threat or notice of intention of any
Person to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental Authority, against the Borrower or any Affiliate thereof that has resulted or could reasonably be expected to result in a
Material Adverse Effect; and 
 (c) any development that has resulted or could reasonably be expected to result in a Material Adverse
Effect. 
 Section 5.06. Information Regarding Collateral. (a) Furnish to the Administrative Agent prompt
written notice of any change (i) in the corporate name of any Loan Party, (ii) in the jurisdiction of organization or formation of any Loan Party, (iii) in any Loan Party’s identity or corporate structure or (iv) in any Loan
Party’s Federal Taxpayer Identification Number. The Borrower agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the Uniform Commercial Code or otherwise that are required in
order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected security 

  
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interest in all the Collateral. The Borrower also agrees promptly to notify the Administrative Agent if any material portion of the Collateral is damaged or destroyed. 

(b) In the case of the Borrower, each year, at the time of delivery of the annual financial statements with respect to the preceding fiscal
year pursuant to Section 5.04(a), deliver to the Administrative Agent a certificate of a Financial Officer setting forth the information required pursuant to Section 2 of the Perfection Certificate or confirming that there has been no
change in such information since the date of the Perfection Certificate delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this Section 5.06 

Section 5.07. Maintaining Records; Access to Properties and Inspections. Keep proper books of record and account in
which full, true and correct entries in conformity with GAAP and all requirements of law are made of all dealings and transactions in relation to its business and activities. Each Loan Party will, and will cause each of its subsidiaries to, permit
any representatives designated by the Administrative Agent or any Lender to visit and inspect the financial records and the properties of such Person at such reasonable times as reasonably requested and to make extracts from and copies of such
financial records, and permit any representatives designated by the Administrative Agent or any Lender to discuss the affairs, finances and condition of such Person with the officers thereof and independent accountants therefor; provided
that, (x) other than during the continuance of an Event of Default, the Administrative Agent and the Lenders, collectively, shall not exercise their rights under this sentence more often than once during any fiscal year and (y) no Lender
shall exercise its rights under this sentence without the prior written consent of the Administrative Agent. 
 Section 5.08. Use of
Proceeds. Use the proceeds of the Loans only for the purposes specified in the introductory statement to this Agreement. 

Section 5.09. Employee Benefits. (a) Comply in all material respects with the provisions of ERISA and the Code
applicable to employee benefit plans as defined in Section 3(3) of ERISA and the laws applicable to any Foreign Pension Plan, (b) furnish to the Administrative Agent as soon as possible after, and in any event within ten days after any
responsible officer of the Borrower or any ERISA Affiliate knows or has reason to know that, any ERISA Event has occurred or is reasonably expected to occur that, alone or together with any other ERISA Event that has occurred or is reasonably
expected to occur that has resulted or could reasonably be expected to result in liability of the Borrower or any ERISA Affiliate in an aggregate amount exceeding $5,000,000, a statement of a Financial Officer of the Borrower setting forth details
as to such ERISA Event and the action, if any, that the Borrower proposes to take with respect thereto and (c) promptly and in any event within 30 days after the filing thereof with the United States Department of Labor, furnish to the
Administrative Agent copies of each Schedule SB (Actuarial Information) to the Annual Report (Form 5500 Series) with respect to each Plan. 

Section 5.10. Compliance with Environmental Laws. Except where the failure to do so could not reasonably be expected
to result in a Material Adverse Effect, comply, 

  
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and cause all lessees and any other Person leasing or occupying its properties to comply, with all applicable Environmental Laws; obtain and renew all material environmental permits necessary for
its operations and properties; and conduct any remedial action in accordance with Environmental Laws; provided that none of the Borrower or any Subsidiary shall be required to undertake any remedial action to the extent that its obligation to
do so is being contested by the Borrower or any Subsidiary in good faith and by proper proceedings, appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP and any such delay or inaction with respect to
such remedial action does not violate any Environmental Law. 
 Section 5.11. Preparation of Environmental
Reports. If a Default caused by reason of a breach of Section 3.17 or Section 5.10 shall have occurred and be continuing for more than 20 days without the Borrower or any Subsidiary commencing activities reasonably likely
to cure such Default, at the written request of the Required Lenders through the Administrative Agent, provide to the Lenders within 45 days after such request, at the expense of the Loan Parties, an environmental site assessment report regarding
the matters which are the subject of such Default prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and the estimated cost of any compliance, remedial action or other corrective action in connection with
such Default. 
 Section 5.12. Further Assurances. (a) Execute any and all further documents, financing
statements, agreements and instruments, and take all further action (including filing Uniform Commercial Code and other financing statements, mortgages and deeds of trust) that may be required under applicable law, or that the Required Lenders, the
Administrative Agent or the Collateral Agent may reasonably request, in order to effectuate the transactions contemplated by the Loan Documents and in order to grant, preserve, protect and perfect the validity and first priority of the security
interests created or intended to be created by the Security Documents. 
 (b) If, following the Closing Date, any wholly-owned Domestic
Subsidiary is acquired or organized (other than any Immaterial Subsidiary), or any Immaterial Subsidiary that is a wholly-owned Domestic Subsidiary ceases to be an Immaterial Subsidiary, the Borrower shall promptly (and in any event within 30 days
(or such longer period as the Collateral Agent shall agree) of such event) (i) notify the Collateral Agent thereof, (ii) cause such Subsidiary to become a Loan Party by executing the Guarantee and Collateral Agreement (or a supplement
thereto in the form specified therein), (iii) deliver to the Collateral Agent all certificates or other instruments representing Equity Interests of such Subsidiary, together with stock powers or other instruments of transfer with respect
thereto endorsed in blank to the extent required by the Security Documents, (iv) cause all documents and instruments, including Uniform Commercial Code financing statements and Mortgages (if required under Section 5.12(c)), required by law
or reasonably requested by the Collateral Agent to be filed, registered or recorded to create the Liens intended to be created by the Security Documents and perfect or record such Liens to the extent, and with the priority, required by the Security
Documents, to be filed, registered or recorded or delivered to the Collateral Agent for filing, registration or recording, (v) cause each Loan Party to take all other action required by law, under the

  
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Security Documents or reasonably requested by the Collateral Agent to perfect, register and/or record the Liens granted by it thereunder and (vi) cause to be delivered to the Lenders all
such instruments and documents (including legal opinions, title insurance policies (if required under Section 5.12(c)) and lien searches) as the Collateral Agent shall reasonably request to evidence compliance with this Section 5.12(b).

 (c) If any fee owned real property located in the United States having a value in excess of $1,000,000 is acquired by any Loan Party
after the Closing Date, the Borrower will notify the Collateral Agent thereof, and, if requested by the Collateral Agent or the Required Lenders, the Borrower will, no later than 90 days after such acquisition, cause such assets to be subjected to a
Lien securing the Obligations and will take such actions as shall be reasonably requested by the Collateral Agent to grant and perfect such Liens, including the satisfaction of the Real Estate Collateral Requirements, all at the expense of the
Borrower. 
 ARTICLE 6 

NEGATIVE COVENANTS 

The Borrower covenants and agrees with each Lender that until the Commitments have been terminated and the principal of and interest on each
Loan, all Fees and all other expenses or amounts payable under any Loan Document have been paid in full, unless the Required Lenders shall otherwise consent in writing, the Borrower will not, nor will it cause or permit any of the Restricted
Subsidiaries to: 
 Section 6.01. Indebtedness. Incur, create, assume or permit to exist any Indebtedness, except:

 (a) Indebtedness existing on the date hereof and set forth on Schedule 6.01(a) and any Permitted Refinancing thereof; 

(b) Indebtedness created hereunder and under the other Loan Documents; 

(c) intercompany Indebtedness of the Borrower and the Subsidiaries to the extent permitted by Section 6.04; provided that any such
Indebtedness that is owed by a Loan Party to a Subsidiary that is not a Loan Party is subordinated to the Obligations pursuant to an Affiliate Subordination Agreement; 

(d) (i) Indebtedness of the Borrower or any Subsidiary incurred to finance the acquisition, construction or improvement of any fixed or
capital assets; provided that (A) such Indebtedness is incurred prior to or within 120 days after such acquisition or the completion of such construction or improvement and (B) the aggregate principal amount of Indebtedness
permitted by this Section 6.01(d), when combined with the aggregate principal amount of all Capital Lease Obligations incurred pursuant to Section 6.01(e), shall not exceed $5,000,000 at any time outstanding and (ii) any Permitted
Refinancing of any such Indebtedness; 

  
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 (e) Capital Lease Obligations in an aggregate principal amount, when combined with the aggregate
principal amount of all Indebtedness incurred pursuant to Section 6.01(d), not to exceed $5,000,000 at any time outstanding; 
 (f)
Indebtedness under performance bonds or similar obligations, or with respect to workers’ compensation claims, in each case incurred in the ordinary course of business; 

(g) Indebtedness incurred by Foreign Subsidiaries in an aggregate principal amount not exceeding $5,000,000 at any time outstanding; 

(h) Indebtedness of any Person that becomes a Subsidiary after the date hereof; provided that (i) such Indebtedness exists at the
time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary, (ii) immediately before and after such Person becomes a Subsidiary, no Default or Event of Default shall have
occurred and be continuing and (iii) the aggregate principal amount of Indebtedness permitted by this Section 6.01(h) shall not exceed $2,500,000 at any time outstanding; 

(i) if (i) at the time of the incurrence thereof and immediately after giving effect thereto no Default or Event of Default shall have
occurred and be continuing, (ii) immediately after giving effect to the incurrence thereof the Borrower is in compliance with the covenant contained in Section 6.11 and (iii) the proceeds thereof are used for working capital purposes
or to finance, in whole or in part, a Permitted Acquisition or other Investment permitted under Section 6.04, other unsecured Indebtedness of the Borrower or the Guarantors that is subordinated to the Obligations on terms reasonably
satisfactory to the Administrative Agent in an aggregate principal amount not exceeding $5,000,000 at any time outstanding; 
 (j)
Guarantees in respect of Indebtedness permitted under this Section 6.01; provided that (i) no Loan Party shall Guarantee the Indebtedness of any Person that is not a Loan Party unless such Guarantee is permitted by Section 6.04
and (ii) any such Guarantee permitted under this clause (j) of any Indebtedness that is subordinated to the Obligations shall be expressly subordinated to the Obligations on terms not less favorable to the Lenders than the subordination
terms of such other Indebtedness; 
 (k) Indebtedness in respect of Secured Hedging Agreements incurred in the ordinary course of business
and not for speculative purposes; 
 (l) Indebtedness incurred to finance deferred insurance premiums in the ordinary course of business;

 (m) Indebtedness in respect of letters of credit or bankers’ acceptances supporting facility leases in an aggregate principal or
face amount not exceeding $7,500,000 at any time outstanding; and 

  
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 (n) Indebtedness in respect of overdraft or similar facilities incurred in the ordinary course of
business in connection with deposit accounts; provided that such Indebtedness is extinguished promptly following its incurrence. 

Section 6.02. Liens. Create, incur, assume or permit to exist any Lien on any property or assets of the Borrower or
any Restricted Subsidiary (including Equity Interests or other securities of any Person, including any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except: 

(a) Liens on property or assets of the Borrower and its Subsidiaries existing on the date hereof and set forth on Schedule 6.02(a);
provided that such Liens shall secure only those obligations which they secure on the date hereof and any Permitted Refinancing thereof; 

(b) any Lien created under the Loan Documents; 

(c) any Lien existing on any property or asset prior to the acquisition thereof by the Borrower or any Subsidiary or existing on any property
or assets of any Person that becomes a Subsidiary after the date hereof prior to the time such Person becomes a Subsidiary, as the case may be; provided that (i) such Lien is not created in contemplation of or in connection with such
acquisition or such Person becoming a Subsidiary, (ii) such Lien does not apply to any other property or assets of the Borrower or any Subsidiary and (iii) such Lien secures only (x) those obligations which it secures on the date of
such acquisition or the date such Person becomes a Subsidiary, as the case may be and (y) any Permitted Refinancing of such obligations; 

(d) Liens for Taxes not yet due or which are being contested in compliance with Section 5.03; 

(e) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary
course of business and securing obligations that are not due and payable or which are being contested in compliance with Section 5.03; 

(f) pledges and deposits made in the ordinary course of business in compliance with workmen’s compensation, unemployment insurance and
other social security laws or regulations; 
 (g) deposits to secure the performance of bids, trade contracts (other than for Indebtedness),
leases (other than Capital Lease Obligations), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(h) zoning restrictions, easements, rights-of-way, restrictions on use of real property and other similar encumbrances incurred in the
ordinary course of business which, in the aggregate, are not substantial in amount and do not materially detract from the value of the property subject thereto or interfere with the ordinary conduct of the business of the Borrower or any of its
Subsidiaries; 

  
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 (i) security interests in respect of Indebtedness permitted by Section 6.01(d) and
6.01(e); provided that (i) such security interests are created, and the Indebtedness secured thereby is incurred, within 120 days after such acquisition (or construction), (ii) the Indebtedness secured thereby does not exceed the
lesser of the cost or the fair market value of such fixed or capital assets or improvements at the time of such acquisition (or construction) and (iii) such security interests do not apply to any other property or assets of the Borrower or any
Subsidiary; 
 (j) judgment Liens securing judgments not constituting an Event of Default under Section 7.01(i); 

(k) Liens on assets of Foreign Subsidiaries; provided that (i) such Liens do not extend to, or encumber, assets that constitute
Collateral or the Equity Interests of the Borrower or any of the Restricted Subsidiaries and (ii) such Liens extending to the assets of any Foreign Subsidiary secure only Indebtedness incurred by such Foreign Subsidiary pursuant to
Section 6.01(g); 
 (l) to the extent constituting a Lien, any interest or title of a lessor under any operating lease entered into by
the Borrower or any Subsidiary; 
 (m) Liens securing Indebtedness incurred to finance deferred insurance premiums permitted under
Section 6.01(l); provided that such Liens are limited to unearned premiums and dividends or other payments under the applicable insurance policies; 

(n) Liens arising in the ordinary course of business by virtue of any statutory, common law or customary contractual provision relating to
banker’s liens, rights of set-off or similar rights and remedies as to deposit accounts, securities accounts or other funds maintained with a depository institution or securities intermediaries; 

(o) Liens consisting of restricted cash balances not exceeding $5,000,000 at any time to secure merchant credit card processing and similar
services in the ordinary course of business; 
 (p) Liens on cash deposits in respect of rental agreements in the ordinary course of
business; 
 (q) Liens on cash pledged to secure obligations in respect of letters of credit or banker’s acceptances permitted under
Section 6.01(m); and 
 (r) other Liens securing liabilities in an aggregate amount not to exceed $5,000,000 at any time outstanding.

 Section 6.03. Sale and Lease-Back Transactions. Enter into any arrangement, directly or indirectly, with any
Person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially
the same purpose or purposes as the property being sold or transferred 

  
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unless (a) the sale or transfer of such property is permitted by Section 6.06 and (b) any Capital Lease Obligations or Liens arising in connection therewith are permitted by
Sections 6.01 and 6.02, as the case may be. 
 Section 6.04. Investments, Loans and Advances. Purchase, hold or
acquire any Investment in a Person except: 
 (a) (i) Investments by the Borrower and the Subsidiaries existing on the date hereof in the
Equity Interests of the Subsidiaries and (ii) additional Investments by the Borrower and the Subsidiaries in the Equity Interests of the Subsidiaries; provided that (A) any such Investment in the form of Equity Interests held by a
Loan Party shall be pledged pursuant to the Guarantee and Collateral Agreement (subject to any limitations applicable to voting stock of a Foreign Subsidiary referred to therein), (B) no part of any such Investment by a Loan Party to a non-Loan
Party shall take the form of a contribution of Intellectual Property (other than any contribution or transfer to a Foreign Subsidiary of Intellectual Property that is necessary to, or useful in, the business of such Foreign Subsidiary pursuant to
the Management and Services Agreement or the Cost Sharing Agreement) and (C) the aggregate amount of Investments by the Loan Parties in Subsidiaries that are not Loan Parties (determined without regard to any write-downs or write-offs of such
Investments) shall not exceed $50,000,000; 
 (b) Permitted Investments; 

(c) loans or advances made by the Borrower to any Subsidiary and made by the Borrower or any Subsidiary to the Borrower or any other
Subsidiary; provided that (i) any such loans and advances made by a Loan Party shall be evidenced by a promissory note pledged to the Collateral Agent for the ratable benefit of the Secured Parties pursuant to the Guarantee and
Collateral Agreement, (ii) such loans and advances shall be unsecured and, to the extent owed by a Loan Party to a Person that is not a Loan Party, subordinated to the Obligations pursuant to an Affiliate Subordination Agreement and
(iii) the amount of such loans and advances made by Loan Parties to Subsidiaries that are not Loan Parties shall be subject to the limitation set forth in clause (a) above; 

(d) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with,
customers and suppliers, in each case in the ordinary course of business; 
 (e) the Borrower and the Subsidiaries may make loans and
advances in the ordinary course of business in accordance with their usual practice to their respective employees so long as the aggregate principal amount thereof at any time outstanding (determined without regard to any write-downs or write-offs
of such loans and advances) shall not exceed $2,500,000; 
 (f) the Borrower and the Subsidiaries may enter into Secured Hedging Agreements
that are entered into the ordinary course of business and not for speculative purposes; 

  
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 (g) the Borrower or any Subsidiary may acquire all or substantially all the assets of a Person or
line of business of such Person or not less than 100% of the Equity Interests of a Person whether by merger or otherwise (referred to herein as the “Acquired Entity”); provided that (i) such acquisition was not preceded
by an unsolicited tender offer for such Equity Interests by, or proxy contest initiated by, the Borrower or any Subsidiary; (ii) the Acquired Entity shall be in a similar or ancillary line of business as that of the Borrower and the
Subsidiaries as conducted during the current and most recent calendar year, (iii) at the time of such transaction (A) both before and after giving effect thereto, no Default or Event of Default shall have occurred and be continuing,
(B) after giving effect to such acquisition, the Borrower shall be in compliance with the covenant contained in Section 6.11, (C) the Borrower shall have delivered a certificate of a Financial Officer, certifying as to the foregoing,
in form and substance satisfactory to the Administrative Agent and (D) the Borrower shall comply, and shall cause the Acquired Entity to comply, with the applicable provisions of Section 5.12 and the Security Documents and (iv) the
aggregate amount of consideration expended to acquire Acquired Entities that do not become Loan Parties shall not exceed $5,000,000 in the aggregate (any acquisition of an Acquired Entity meeting all the criteria of this Section 6.04(g) being
referred to herein as a “Permitted Acquisition”); 
 (h) Investments constituting non-cash consideration received by the
Borrower or any Subsidiary in respect of any Dispositions permitted under Section 6.06; 
 (i) Investments to the extent that payment
for such Investments is made solely with Qualified Capital Stock of the Borrower in a transaction permitted under Section 6.05; and 

(j) in addition to Investments permitted by paragraphs (a) through (i) above, additional Investments by the Borrower and the
Subsidiaries so long as the aggregate amount invested, loaned or advanced pursuant to this paragraph (j) (determined without regard to any write-downs or write-offs of such Investments) does not exceed $5,000,000 in the aggregate. 

Section 6.05. Mergers and Consolidations. Merge into or consolidate with any other Person, or permit any other Person
to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all the assets of the Borrower, except that (i) if at the time thereof and
immediately after giving effect thereto no Event of Default or Default shall have occurred and be continuing (x) any Subsidiary may merge into the Borrower in a transaction in which the Borrower is the surviving corporation, and (y) any
Subsidiary may merge into or consolidate with any other Subsidiary (provided that if any party to any such transaction is (1) a Wholly Owned Subsidiary, the surviving entity of such transaction shall be a Wholly Owned Subsidiary, and
(2) a Loan Party, the surviving entity of such transaction shall be a Loan Party; provided, further, that if any such transaction also involves a Subsidiary that is not a Wholly Owned Subsidiary, such transaction must also be permitted
under Section 6.04) and (ii) the Borrower and the Subsidiaries may make Permitted Acquisitions and Dispositions permitted under Section 6.06. 

  
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 Section 6.06. Dispositions. Dispose of any property or assets, other
than: 
 (a) Dispositions of worn-out, obsolete or surplus equipment and property no longer used or useful in the business of the Borrower
and its Subsidiaries, in each case in the ordinary course of business; 
 (b) Dispositions of inventory in the ordinary course of business;

 (c) Dispositions of Permitted Investments; 

(d) Dispositions between and among the Borrower and the Subsidiaries; provided that if the transferor in such a transaction is a Loan
Party, then either (x) the transferee must be a Loan Party or (y) the portion of any such Disposition made for less than fair market value and any non-cash consideration received in exchange for such Disposition shall in each case
constitute an Investment in such Subsidiary and must be otherwise permitted hereunder; 
 (e) Dispositions constituting leases or subleases
of any real property or personal property in the ordinary course of business; 
 (f) Dispositions constituting non-exclusive licenses of
intellectual property in the ordinary course of business which do not materially interfere with the business of the Borrower and its Subsidiaries; 

(g) Dispositions resulting from any casualty, taking or condemnation of any property of the Borrower or any Subsidiary; and 

(h) Dispositions not otherwise permitted hereunder; provided that (i) at the time of such Disposition, no Default or Event of
Default shall have occurred and be continuing or would result from such Disposition, (ii) not less than seventy-five percent (75%) of the aggregate sale price from such disposition shall be paid in cash, (iii) the aggregate Net Cash
Proceeds of all Dispositions pursuant to this paragraph (h) shall not exceed $5,000,000 in any fiscal year and (iv) all such Dispositions shall be for at least the fair market value of the assets or property subject to such Disposition.

 Section 6.07. Restricted Payments; Restrictive Agreements. (a) Declare or make, or agree to declare or make,
directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so; except: 
 (i)
any Subsidiary may declare and pay dividends or make other distributions ratably to its equity holders; and 
 (ii) so long
as no Event of Default or Default shall have occurred and be continuing or would result therefrom, the Borrower may repurchase its Equity Interests owned by employees of the Borrower or the Subsidiaries or make payments to employees of the Borrower
or the Subsidiaries upon termination of employment in connection with the exercise of stock options, stock appreciation rights or similar equity incentives or equity based incentives pursuant to 

  
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management incentive plans or in connection with the death or disability of such employees in an aggregate amount not to exceed $2,000,000 in any fiscal year. 

(b) Enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon
(i) the ability of the Borrower or any Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets, or (ii) the ability of any Subsidiary to pay dividends or other distributions with respect to any of its
Equity Interests or to make or repay loans or advances to the Borrower or any other Subsidiary or to Guarantee Indebtedness of the Borrower or any other Subsidiary; provided that (A) the foregoing shall not apply to restrictions and
conditions imposed by law or by any Loan Document, (B) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary pending such sale; provided such restrictions and
conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder, (C) the foregoing shall not apply to restrictions and conditions imposed on any Foreign Subsidiary by the terms of any Indebtedness of such Foreign
Subsidiary permitted to be incurred hereunder, (D) clause (i) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or
conditions apply only to the property or assets securing such Indebtedness and (E) clause (i) of the foregoing shall not apply to customary provisions in leases and other contracts restricting the assignment thereof. 

Section 6.08. Transactions with Affiliates. Sell or transfer any property or assets to, or purchase or acquire any
property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except: 
 (a) transactions between or
among Loan Parties; 
 (b) any Restricted Payment permitted by Section 6.07; and 

(c) transactions permitted under Section 6.04(e), including related security arrangements; and 

(d) the Borrower or any Subsidiary may engage in any of the foregoing transactions in the ordinary course of business at prices and on terms
and conditions not less favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties. 

Section 6.09. Business of the Borrower and Subsidiaries. Engage at any time in any business or business activity other
than the business currently conducted by them and business activities reasonably incidental thereto. 
 Section 6.10. Other
Indebtedness and Agreements. (a) Permit (i) any waiver, supplement, modification, amendment, termination or release of any indenture, instrument or agreement pursuant to which any Material Indebtedness of the Borrower or
any of the Subsidiaries is outstanding if the effect of such waiver, supplement, modification, amendment, termination or release would materially increase the obligations of the obligor or confer additional material rights on the holder of such

  
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Indebtedness in a manner adverse to the Borrower, any of the Subsidiaries or the Lenders or would permit payment thereunder otherwise prohibited by Section 6.10(b) or (ii) any waiver,
supplement, modification or amendment of its certificate of incorporation, by-laws, operating, management or partnership agreement or other organizational documents to the extent any such waiver, supplement, modification or amendment would be
adverse to the Lenders in any material respect. 
 (b) (i) Make any distribution, whether in cash, property, securities or a combination
thereof, in respect of, or pay, or commit to pay, or directly or indirectly redeem, repurchase, retire or otherwise acquire for consideration, or set apart any sum for the aforesaid purposes, any Indebtedness except (A) the payment of
(x) the Indebtedness created hereunder and (y) other Indebtedness permitted under Section 6.01 (provided that any such payment shall be permitted by any provisions pursuant to which such Indebtedness is subordinated to the
Obligations, if applicable), (B) refinancings of Indebtedness permitted by Section 6.01 and (C) the payment of secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such
Indebtedness or (ii) pay in cash any amount in respect of any Indebtedness or preferred Equity Interests that may at the obligor’s option be paid in kind or in other securities. 

Section 6.11. Minimum Liquidity. Permit Liquidity to be less than $30,000,000 as of the last day of any calendar
month. 
 Section 6.12. Fiscal Year. With respect to the Borrower, change its fiscal year-end to a date other than
January 31. 
 Section 6.13. Certain Equity Securities. Issue any Equity Interest that is not Qualified Capital
Stock. 
 ARTICLE 7 

EVENTS OF DEFAULT 

Section 7.01. Events of Default. In case of the happening of any of the following events (“Events of
Default”): 
 (a) any representation or warranty made or deemed made in or in connection with any Loan Document, or any
representation, warranty, statement or information contained in any report, certificate, financial statement or other instrument furnished in connection with or pursuant to any Loan Document, shall prove to have been false or misleading in any
material respect when so made, deemed made or furnished; 
 (b) default shall be made in the payment of any principal of any Loan when and
as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise; 

(c) default shall be made in the payment of any interest on any Loan or any Fee or any other amount (other than an amount referred to in
(b) above) due under any 

  
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Loan Document, when and as the same shall become due and payable, and such default shall continue unremedied for a period of three (3) Business Days; 

(d) default shall be made in the due observance or performance by the Borrower or any Subsidiary of any covenant, condition or agreement
contained in Section 5.01(a), 5.02, 5.05, 5.08 or 5.09 or in Article 6. 
 (e) default shall be made in the due observance or
performance by the Borrower or any Subsidiary of any covenant, condition or agreement contained in any Loan Document (other than those specified in (b), (c) or (d) above) and such default shall continue unremedied for a period of 30 days
after the notice thereof from the Administrative Agent to the Borrower (which notice shall also be given at the request of any Lender); 

(f) (i) the Borrower or any Restricted Subsidiary shall fail to pay any principal or interest due in respect of any Material Indebtedness,
when and as the same shall become due and payable, or (ii) any other event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of
notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance
thereof, prior to its scheduled maturity; provided that this clause (ii) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness; 

(g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking
(i) relief in respect of the Borrower or any Restricted Subsidiary, or of a substantial part of the property or assets of the Borrower or a Restricted Subsidiary, under Title 11 of the United States Code, as now constituted or hereafter
amended, or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Restricted
Subsidiary or for a substantial part of the property or assets of the Borrower or a Restricted Subsidiary or (iii) the winding-up or liquidation of the Borrower or any Restricted Subsidiary; and such proceeding or petition shall continue
undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 
 (h) the Borrower or any
Restricted Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal, state or foreign bankruptcy,
insolvency, receivership or similar law, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or the filing of any petition described in paragraph (g) above, (iii) apply for or
consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Restricted Subsidiary or for a substantial part of the property or assets of the Borrower or any Restricted
Subsidiary, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general 

  
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assignment for the benefit of creditors, (vi) become unable, admit in writing its inability or fail generally to pay its debts as they become due or (vii) take any action for the
purpose of effecting any of the foregoing; 
 (i) one or more judgments shall be rendered against the Borrower, any Restricted Subsidiary or
any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to levy upon assets or properties
of the Borrower or any Subsidiary to enforce any such judgment and such judgment either (i) is for the payment of money in an aggregate amount in excess of $5,000,000 or (ii) is for injunctive relief and has resulted or could reasonably be
expected to result in a Material Adverse Effect; 
 (j) an ERISA Event shall have occurred or is reasonably expected to occur that, in the
opinion of the Required Lenders, when taken either alone or together with all other such ERISA Events, has resulted or could reasonably be expected to result in liability of the Borrower, any Subsidiary and their respective ERISA Affiliates in an
aggregate amount exceeding $5,000,000; 
 (k) any Guarantee under the Guarantee and Collateral Agreement for any reason shall cease to be in
full force and effect (other than in accordance with its terms), or any Guarantor shall deny in writing that it has any further liability under the Guarantee and Collateral Agreement (other than as a result of the discharge of such Guarantor in
accordance with the terms of the Loan Documents); 
 (l) any security interest purported to be created by any Security Document shall cease
to be, or shall be asserted by the Borrower or any other Loan Party not to be, a valid, perfected, first priority (except as otherwise expressly provided in this Agreement or such Security Document) security interest in the securities, assets or
properties covered thereby; or 
 (m) there shall have occurred a Change in Control; 

then, and in every such event (other than an event with respect to the Borrower described in paragraph (g) or (h) above), and at any
time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times:
(i) terminate forthwith the Commitments and (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with accrued interest
thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of
which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding; and in any event with respect to the Borrower described in paragraph (g) or (h) above, the
Commitments shall automatically terminate and the principal of the Loans then outstanding, together 

  
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with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder and under any other Loan Document, shall automatically become due and
payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding. 

Section 7.02. Application of Proceeds. Notwithstanding anything to the contrary contained in this Agreement, upon the
occurrence and during the continuance of an Event of Default, the proceeds of any sale of, or other realization upon, all or any part of the Collateral shall be applied in the order specified in the Guarantee and Collateral Agreement. 

ARTICLE 8 
 THE
ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT 

Section 8.01. Appointment and Authority. Each Lender hereby irrevocably appoints the Administrative Agent and the
Collateral Agent (for purposes of this Article 8, the Administrative Agent and the Collateral Agent are referred to collectively as the “Agents”) its agent, and authorizes the Agents to take such actions on its behalf and to
exercise such powers as are delegated to such Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article 8 are solely for the benefit of the Agents and the
Lenders, and neither the Borrower nor any other Loan Party shall have rights as a third-party beneficiary of any of such provisions. It is understood and agreed that the use of the term “Agent” or “agent” herein or in any other
Loan Documents (or any other similar term) with reference to an Agent, is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term is used as a matter of
market custom, and is intended to create or reflect only an administrative relationship between the contracting parties. Without limiting the generality of the foregoing, the Agents are hereby expressly authorized to (a) execute any and all
documents (including releases) with respect to the Collateral and the rights of the Secured Parties with respect thereto, as contemplated by and in accordance with the provisions of this Agreement and the Security Documents and (b) negotiate,
enforce or settle any claim, action or proceeding affecting the Lenders in their capacity as such, at the direction of the Required Lenders, which negotiation, enforcement or settlement will be binding upon each Lender. 

Section 8.02. Rights as a Lender. The institution serving as the Administrative Agent and/or the Collateral Agent
hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender, and may exercise the same as though it were not an Agent, and such bank and its Affiliates may accept deposits from, lend money to, own securities of,
act as the financial advisor or in any other advisory capacity for, and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Agent hereunder. 

Section 8.03. Exculpatory Provisions. Neither Agent shall have any duties or obligations except those expressly set
forth in the Loan Documents, and its duties 

  
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hereunder shall be administrative in nature. Without limiting the generality of the foregoing, (a) neither Agent shall be subject to any fiduciary or other implied duties, regardless of
whether a Default or an Event of Default has occurred and is continuing, (b) neither Agent shall have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated
hereby that such Agent is instructed in writing to exercise by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.07), provided that no Agent
shall be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in
violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law and (c) except as expressly set forth in the Loan
Documents, neither Agent shall have any duty to disclose, nor shall it be liable for the failure to disclose, any information relating to the Borrower or any of the Subsidiaries that is communicated to or obtained by the bank serving as
Administrative Agent and/or Collateral Agent or any of its Affiliates in any capacity. Neither Agent shall be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders, or such other number or
percentage of the Lenders as shall be necessary or as such Agent shall in good faith believe to be necessary under the circumstances as provided in Section 9.07, or in the absence of its own gross negligence or willful misconduct as determined
by a court of competent jurisdiction by final and nonappealable judgment. Neither Agent shall be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof is given to such Agent by the Borrower or a Lender,
and neither Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other
document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness
or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article 4 or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to
be delivered to such Agent. 
 Section 8.04. Reliance by Administrative Agent. Each Agent shall be entitled to rely
upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. Each Agent may also rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice
to the contrary from such Lender prior to the making of such Loan. Each Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts 

  
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selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

Section 8.05. Delegation of Duties. Each Agent may perform any and all its duties and exercise its rights and powers
by or through any one or more subagents appointed by it. Each Agent and any such subagent may perform any and all its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of the
preceding paragraphs shall apply to any such subagent and to the Related Parties of each Agent and any such subagent, and shall apply to their respective activities in connection with the syndication of the Credit Facilities as well as activities as
Agent. No Agent shall be responsible for the negligence or misconduct of any subagents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that such Agent acted with gross negligence or
willful misconduct in the selection of such subagents. 
 Section 8.06. Resignation of the Administrative Agent. Subject to
the appointment and acceptance of a successor Agent as provided below, either Agent may resign at any time by notifying the Lenders and the Borrower. Upon any such resignation, the Required Lenders shall have the right, in consultation with the
Borrower, to appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, (or such earlier day as shall be
agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Agent may (but shall not be obligated to), on behalf of the Lenders, appoint a successor Agent which shall be a bank with an office in New York,
New York, or an Affiliate of any such bank. If no successor Agent has been appointed pursuant to the immediately preceding sentence by the Resignation Effective Date, such Agent’s resignation shall become effective and the Required Lenders
shall thereafter perform all the duties of such Agent hereunder and/or under any other Loan Document until such time, if any, as the Required Lenders appoint a successor Administrative Agent and/or Collateral Agent, as the case may be. Upon the
acceptance of its appointment as Agent hereunder by a successor, such successor shall succeed to, and become vested with, all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties
and obligations hereunder. The Administrative Agent Fees payable by the Borrower to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After an Agent’s
resignation hereunder, the provisions of this Article 8 and Section 9.05 shall continue in effect for the benefit of such retiring Agent, its subagents and their respective Related Parties in respect of any actions taken or omitted to be taken
by any of them while acting as Agent. 
 Section 8.07. Non-Reliance on Administrative Agent and Other Lenders. Each
Lender acknowledges that it has, independently and without reliance upon the Agents or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.
Each Lender also acknowledges that it will, independently and without reliance upon the Agents or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in
taking or not 

  
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taking action under or based upon this Agreement or any other Loan Document, any related agreement or any document furnished hereunder or thereunder. 

Section 8.08. No Other Duties, etc. Notwithstanding any other provision of this Agreement or any provision of any
other Loan Document, the Arranger is named as such for recognition purposes only, and in its capacity as such shall have no duties, responsibilities or liabilities with respect to this Agreement or any other Loan Document; it being understood and
agreed that the Arranger shall be entitled to all indemnification and reimbursement rights in favor of the Agents provided herein and in the other Loan Documents. Without limitation of the foregoing, the Arranger in its capacity as such shall not,
by reason of this Agreement or any other Loan Document, have any fiduciary relationship in respect of any Lender, Loan Party or any other Person. 

Section 8.09. Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief
Law, each Agent (irrespective of whether the principal of any Loan or Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Agent shall have made any demand on the Borrower) shall
be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: 
 (i) to file and prove a
claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of
the Lenders and each Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and each Agent and their respective agents and counsel and all other amounts due the Lenders and each Agent under
Sections 2.05 and 9.05) allowed in such judicial proceeding; and 
 (ii) to collect and receive any monies or other
property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator
or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to such Agent and, in the event that such Agent shall consent to the making of such payments directly to the Lenders, to pay to such
Agent any amount due for the reasonable compensation, expenses, disbursements and advances of such Agent and its agents and counsel, and any other amounts due such Agent under Sections 2.05 and 9.05. 

Section 8.10. Collateral and Guarantee Matters. (a) The Lenders irrevocably authorize the Collateral Agent, at
its option and in its sole discretion: 
 (i) to release any Lien on any property granted to, or held by, the Collateral
Agent under any Loan Document (x) on or after the date that the Obligations (other than contingent indemnity and expense reimbursement obligations as to which no claim has been made) have been paid in full and the Commitments have been
terminated, (y) with respect to any property that is sold 

  
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or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted under the Loan Documents or (z), if approved, authorized
or ratified in writing by the Required Lenders (or such other number of Lenders as shall be required hereunder); 
 (ii) to
subordinate any Lien on any property granted to, or held by, the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 6.02(i); and 

(iii) to release any Subsidiary from its obligations under the Loan Documents if such Person ceases to be a Subsidiary as a
result of a transaction permitted under the Loan Documents. 
 (b) Upon request by the Collateral Agent at any time, the Required Lenders
will confirm in writing the Collateral Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Subsidiary from its obligations under the Loan Documents pursuant to this
Section 8.10. 
 (c) Except as otherwise expressly set forth herein or in the Guarantee and Collateral Agreement, no Qualified
Counterparty that obtains the benefits of any Guarantee pursuant to the Guarantee and Collateral Agreement or any Collateral by virtue of the provisions hereof or of any Security Document shall have any right to notice of any action or to consent
to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the
extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article 8 to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made
with respect to, obligations with respect to any Secured Hedging Agreement unless the Administrative Agent has received written notice of such obligations, together with such supporting documentation as the Administrative Agent may request, from the
applicable Qualified Counterparty. 
 (d) The Collateral Agent shall not be responsible for, or have a duty to, ascertain or inquire into
any representation or warranty regarding the existence, value or collectability of any Collateral, the existence, priority or perfection of the Collateral Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection
therewith, nor shall the Collateral Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 

ARTICLE 9 

MISCELLANEOUS 

Section 9.01. Notices; Electronic Communications. Except for notices and other communications expressly permitted to
be given by telephone hereunder (and except as provided in this Section 9.01), notices and other communications provided for herein 

  
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shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax, as follows: 

(a) if to the Borrower, to it at 4400 El Camino Real, Los Altos, CA 94022, Attention of VP Finance & Treasurer (Fax No. 888-418-6762); 
 (b) if to the Administrative Agent, to Credit Suisse AG, Cayman
Islands Branch, Eleven Madison Avenue, 23rd Floor, New York, NY 10010, Attention of: Loan Operations – Agency Manager, Telephone No. 919-994-6369, Fax No. 212-322-2291,
Email: agency.loanops@credit-suisse.com; 
 (c) if to the Collateral Agent, to Credit Suisse AG, Cayman Islands Branch, Eleven Madison
Avenue, EMA-23, New York, NY 10010, Attention of: Loan Operations – Boutique Management, Telephone No. 212-538-3525, Email: Ops-collateral@credit-suisse.com; and 

(d) if to a Lender, to it at its address (or fax number) set forth on Schedule 2.01(a) or in the Assignment and Acceptance pursuant to
which such Lender shall have become a party hereto. 
 All notices and other communications given to any party hereto, in accordance with
the provisions of this Agreement, shall be deemed to have been given on the date of receipt if delivered by hand or overnight courier service, or sent by fax or on the date five (5) Business Days after dispatch by certified or registered mail
if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 9.01, or in accordance with the latest unrevoked direction from such party given in accordance with this Section 9.01. As
agreed to among the Borrower, the Administrative Agent and the applicable Lenders from time to time, notices and other communications may also be delivered by e-mail to the e-mail address of a representative of the applicable Person provided from
time to time by such Person. 
 The Borrower hereby agrees, unless directed otherwise by the Administrative Agent or unless the electronic
mail address referred to below has not been provided by the Administrative Agent to the Borrower, that it will, and will cause its Subsidiaries to, provide to the Administrative Agent all information, documents and other materials that it is
obligated to furnish to the Administrative Agent pursuant to the Loan Documents or to the Lenders under Article 5, including all notices, requests, financial statements, financial and other reports, certificates and other information materials, but
excluding any such communication that (i) is or relates to a Borrowing Request or a notice pursuant to Section 2.10, (ii) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date
therefor, (iii) provides notice of any Default or Event of Default under this Agreement or any other Loan Document or (iv) is required to be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or any
Borrowing or other extension of credit hereunder (all such nonexcluded communications being referred to herein collectively as “Communications”), by transmitting the Communications in an electronic/soft medium that is properly
identified in a format acceptable to the Administrative Agent to an electronic mail address as 

  
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directed by the Administrative Agent. In addition, the Borrower agrees, and agrees to cause its Subsidiaries, to continue to provide the Communications to the Administrative Agent or the Lenders,
as the case may be, in the manner specified in the Loan Documents but only to the extent requested by the Administrative Agent. 
 The
Borrower hereby acknowledges that (a) the Administrative Agent will make available to the Lenders materials and/or information provided by, or on behalf of, the Borrower hereunder (collectively, the “Borrower Materials”) by
posting the Borrower Materials on or through Box, Intralinks or another similar electronic system (the “Platform”) and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to
receive material nonpublic information with respect to the Borrower or its securities) (each, a “Public Lender”). The Borrower hereby agrees that (i) all Borrower Materials that are to be made available to Public Lenders shall
be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof, (ii) by marking Borrower Materials
“PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as not containing any material nonpublic information with respect to the Borrower or its securities
for purposes of United States Federal and state securities laws (provided that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 9.17), (iii) all Borrower Materials marked
“PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public Investor” and (iv) the Administrative Agent shall be entitled to treat any Borrower Materials that are not
marked “PUBLIC” as being suitable only for posting on a portion of the Platform not marked as “Public Investor.” Notwithstanding the foregoing, the following Borrower Materials shall be deemed to be marked
“PUBLIC,” unless the Borrower notifies the Administrative Agent promptly that any such document contains material nonpublic information: (1) the Loan Documents, (2) any notification of changes in the terms of the Credit
Facilities and (3) all information delivered pursuant to Section 5.04 (other than pursuant to clause (d) thereof). 
 Each
Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in
order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable law, including United States Federal and state securities laws, to make reference to Communications that are not
made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to the Borrower or its securities for purposes of United States Federal or state
securities laws. 
 THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” NEITHER THE ADMINISTRATIVE AGENT
NOR ANY OF ITS RELATED PARTIES WARRANTS THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE ADEQUACY OF THE PLATFORM AND EACH EXPRESSLY DISCLAIMS LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS,
IMPLIED OR 

  
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STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NONINFRINGEMENT OF THIRD-PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS IS MADE BY THE
ADMINISTRATIVE AGENT OR ANY OF ITS RELATED PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS RELATED PARTIES HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER OR ANY OTHER PERSON
FOR DAMAGES OF ANY KIND, WHETHER OR NOT BASED ON STRICT LIABILITY AND INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY’S OR THE
ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY SUCH PERSON IS FOUND IN A FINAL RULING BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM SUCH PERSON’S GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT. 
 The Administrative Agent agrees that the receipt of the Communications by the Administrative Agent at
its electronic mail address set forth above shall constitute effective delivery of the Communications to the Administrative Agent for purposes of the Loan Documents. Each Lender agrees that receipt of notice to it (as provided in the next sentence)
specifying that the Communications have been posted to the Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents. Each Lender agrees to notify the Administrative Agent in writing
(including by electronic communication) from time to time of such Lender’s electronic mail address to which the foregoing notice may be sent by electronic transmission and that the foregoing notice may be sent to such e-mail address. Nothing
herein shall prejudice the right of the Administrative Agent or any Lender to give any notice or other communication pursuant to any Loan Document in any other manner specified in such Loan Document. 

Section 9.02. Survival of Agreement. All covenants, agreements, representations and warranties made by the Borrower
herein and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Lenders and shall survive the making by the
Lenders of the Loans, regardless of any investigation made by the Lenders or on their behalf, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any Fee or any other amount payable under
this Agreement or any other Loan Document is outstanding and so long as the Commitments have not been terminated. The provisions of Sections 2.13, 2.15, 2.19 and 9.05 shall remain operative and in full force and effect regardless of the
expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the invalidity or unenforceability of any term or provision of this Agreement
or any other Loan Document or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent or any Lender. 

  
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 Section 9.03. Binding Effect. Subject to Section 4.02, this
Agreement shall become effective when it shall have been executed by the Borrower and the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the
other parties hereto. 
 Section 9.04. Successors and Assigns.

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that neither the Borrower nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the
Administrative Agent and each Lender, and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 9.04(b), (ii) by way of
participation in accordance with the provisions of Section 9.04(d) or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 9.04(e) (and any other attempted assignment or transfer by any
party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent
provided in Section 9.04(d) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Collateral Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of
this Agreement. 
 (b) Assignments by Lenders. Any Lender may at any time assign to one or more assignees (other than as provided in
Sections 9.04(b)(v) and 9.04(b)(vi) below) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall
be subject to the following conditions: 
 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and/or the Loans at
the time owing to it (in each case with respect to any Class) or contemporaneous assignments to related Approved Funds that equal at least the amount specified in Section 9.04(b)(i)(B) in the aggregate or in the case of an assignment to a
Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 
 (B) in any case not
described in Section 9.04(b)(i)(A), the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans of
the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is 

  
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delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Acceptance, as of the Trade Date) shall not be less than $5,000,000, unless each of the
Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed). 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations
among separate Classes on a non-pro rata basis. 
 (iii) Required Consents. No consent shall be required for any
assignment except to the extent required by Section 9.04(b)(i)(B) and, in addition: 
 (A) the consent of the Borrower
shall be required if such assignment is to a Disqualified Lender unless an Event of Default has occurred and is continuing at the time of such assignment; and 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required unless
such assignment is to a Lender with a Commitment in respect of such Class, an Affiliate of such Lender or an Approved Fund with respect to such Lender. 

(iv) Assignment and Acceptance. The parties to each assignment shall (A) execute and deliver to the Administrative
Agent an Assignment and Acceptance via an electronic settlement system acceptable to the Administrative Agent or (B) if previously agreed with the Administrative Agent, manually execute and deliver to the Administrative Agent an Assignment and
Acceptance, in each case, together with a processing and recordation fee of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive or reduce such processing and recordation fee in the case of any
assignment. For the avoidance of doubt, except as set forth in Section 2.20, the Borrower shall not, in any event, be responsible for payment of any processing or recordation fee incurred in connection with any assignment permitted pursuant to
this Section 9.04. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire (in which the assignee shall designate one or more credit contacts to whom all syndicate level information (which
may contain material nonpublic information about the Loan Parties and their Related Parties or their respective securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and
applicable laws, including Federal and state securities laws) and all applicable tax forms. 

  
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 (v) No Assignment to Certain Persons. No such assignment shall be made to
(A) the Borrower or any of the Borrower’s Affiliates or Subsidiaries, (B) any Competitor of the Borrower or a Controlled Affiliate of any such Competitor (provided that any Lender may rely on a representation and warranty from
the assignee that it is not a Competitor of the Borrower or a Controlled Affiliate of any such Competitor), or (C) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of
the foregoing Persons described in this clause (C). 
 (vi) No Assignment to Natural Persons. No such assignment shall
be made to a natural Person. 
 (vii) Certain Additional Payments. In connection with any assignment of rights and
obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the
Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations or other compensating actions, including funding, with
the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent) to
(x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent and each other Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata
share of all Loans. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph,
then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
 Subject to
acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party to this Agreement
and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and
Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party
hereto) but shall continue to be entitled to the benefits of Sections 2.13, 2.15, 2.19 and 9.05, with respect to facts and circumstances occurring prior to the effective date of such assignment as well as to any Fees accrued for its account and
not yet paid; provided that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s
having been a Defaulting Lender. Any assignment or transfer by a Lender of 

  
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rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with Section 9.04(d). The Borrower and each Lender acknowledges and agrees that the Administrative Agent shall not have any responsibility or obligation to determine whether any assignee is an ineligible assignee and
the Administrative Agent shall have no liability with respect to any assignment made to an ineligible assignee. 
 (c) Register. The
Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in The City of New York a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names
and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall
be conclusive absent manifest error, and the Borrower, the Administrative Agent, the Collateral Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes
of this Agreement. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

Upon its receipt of, and consent to, a duly completed Assignment and Acceptance executed by an assigning Lender and an assignee, an
Administrative Questionnaire completed in respect of the assignee (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) above, if applicable, and the written consent of the
Administrative Agent and, if required, the Borrower to such assignment and any applicable tax forms, the Administrative Agent shall (i) accept such Assignment and Acceptance and (ii) promptly record the information contained therein in the
Register. No assignment shall be effective unless it has been recorded in the Register as provided in this paragraph. 
 (d)
Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural Person, the Borrower or any of the Borrower’s Affiliates
or Subsidiaries or any Competitor of the Borrower or a Controlled Affiliate of any such Competitor (provided that any Lender may rely on a representation and warranty from the participant that it is not a Competitor of the Borrower or a
Controlled Affiliate of any such Competitor )) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to
it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and
(iii) the Borrower, the Administrative Agent, the Collateral Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the
avoidance of doubt, each Lender shall be responsible for the indemnity under Section 9.05(c) with respect to any payments made by such Lender to its Participant(s). 

  
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 Any agreement or instrument pursuant to which a Lender sells such a participation shall provide
that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not,
without the consent of the Participant, agree to any amendment, modification or waiver with respect to the following: decreasing any fees payable to such Participant hereunder or the amount of principal of or the rate at which interest is payable on
the Loans in which such Participant has an interest, or extending any scheduled principal payment date or date fixed for the payment of interest on the Loans in which such Participant has an interest, increasing or extending the Commitments in which
such Participant has an interest or releasing Guarantors (other than in connection with the sale of any Guarantor in a transaction permitted by Section 6.05) or all or substantially all of the Collateral). The Borrower agrees that each
Participant shall be entitled to the benefits of Sections 2.13, 2.15 and 2.19 (subject to the requirements and limitations therein, including the requirements under Section 2.19 (it being understood that the documentation required under
Section 2.19(f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 9.04(b); provided that such Participant (A) agrees to be
subject to the provisions of Section 2.20 as if it were an assignee under Section 9.04(b)) and (B) shall not be entitled to receive any greater payment under Sections 2.13, 2.15 or 2.19 with respect to any participation, than its
participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells
a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 2.20 with respect to any Participant. To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 9.06 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.17 as though it were a Lender. Each Lender that sells a participation
shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or
other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant
or any information relating to a Participant’s interest in any commitments, loans or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan or
other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is
recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent)
shall have no responsibility for maintaining a Participant Register. 
 (e) Certain Pledges. Any Lender may at any time pledge or
assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal 

  
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Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a
party hereto. 
 Section 9.05. Expenses; Indemnity. (a) The Borrower agrees to pay all out-of-pocket expenses
incurred by the Administrative Agent, the Collateral Agent and the Arranger (and each of their respective Affiliates) in connection with the syndication of the Credit Facilities and the preparation and administration of this Agreement and the other
Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated) or incurred by the Administrative Agent, the
Collateral Agent, the Arranger (and each of their respective Affiliates) or any Lender in connection with the enforcement or protection of its rights in connection with the Engagement Letter, this Agreement and the other Loan Documents or in
connection with the Loans made hereunder, including (i) the reasonable fees, charges and disbursements of Davis Polk & Wardwell LLP, counsel for the Administrative Agent and the Collateral Agent, and any other counsel engaged with the
consent of the Borrower (such consent not to be unreasonably withheld or delayed) and (ii) in connection with any such enforcement or protection, the fees, charges and disbursements of one or more additional counsel as a result of one or more
actual or perceived conflicts of interests and any special counsel and local counsel in each applicable jurisdiction, for the Administrative Agent, the Collateral Agent, the Arranger and the Lenders (and each of their respective Affiliates). 

(b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each Lender and each Related Party of any of the
foregoing Persons (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable consultant or other
expert fees, charges and disbursements and the reasonable and documents fees, charges and disbursements of one firm of counsel to all Indemnitees (and one or more additional counsel as a result of one or more actual or perceived conflicts of
interest and any special counsel and local counsel in each applicable jurisdiction), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or
any other Loan Document or any agreement or instrument contemplated thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby
(including the syndication of the Credit Facilities), (ii) the use of the proceeds of the Loans, (iii) any Environmental Liability related in any way to the Loan Parties, any of their respective subsidiaries or predecessors or any property
currently or formerly owned, leased or operated by the Loan Parties or any of their respective subsidiaries or predecessors, including the Mortgaged Properties, or (iv) any claim, litigation, investigation or proceeding relating to any of the
foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by the Borrower, any other Loan Party or any of their respective Affiliates or any other Person); provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the

  
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gross negligence or willful misconduct of such Indemnitee. This Section 9.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, liabilities
and related expenses arising from any non-Tax claim. 
 (c) To the extent that the Borrower fails to pay any amount required to be paid by
it to the Administrative Agent, the Collateral Agent or the Arranger (or any of their respective Affiliates) under paragraph (a) or (b) of this Section 9.05, each Lender severally agrees to pay to the Administrative Agent, the
Collateral Agent or the Arranger (or any of their respective Affiliates), as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid
amount; (including any such unpaid amount in respect of a claim asserted by such Lender); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted
against the Administrative Agent, the Collateral Agent or the Arranger (or any of their respective Affiliates) in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share
of the sum of the Aggregate Exposure and unused Commitments at the time (in each case, determined as if no Lender were a Defaulting Lender). 

(d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any
theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the
Transactions, any Loan or the use of the proceeds thereof. 
 (e) All amounts due under this Section 9.05 shall be payable on written
demand therefor. 
 Section 9.06. Right of Setoff. If an Event of Default shall have occurred and be continuing,
each Lender is hereby authorized at any time and from time to time, except to the extent prohibited by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness
at any time owing by such Lender to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement and other Loan Documents held by such Lender, irrespective of
whether or not such Lender shall have made any demand under this Agreement or such other Loan Document and although such obligations may be unmatured; provided that in the event that any Defaulting Lender shall exercise any such right of
setoff, (a) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.21 and, pending such payment, shall be segregated by such Defaulting
Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders and (b) such Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the
Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender under this Section 9.06 are in addition to other rights and remedies (including other rights of setoff) which such Lender may
have. 

  
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 Section 9.07. Waivers; Amendment. (a) No failure or delay of the
Administrative Agent, the Collateral Agent or any Lender in exercising any power or right hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any
abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Collateral Agent and the
Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure
by the Borrower or any other Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and for the purpose
for which given. No notice or demand on the Borrower in any case shall entitle the Borrower to any other or further notice or demand in similar or other circumstances. 

(b) No Loan Document or provision thereof may be waived, amended or modified except, in the case of this Agreement, by an agreement or
agreements in writing entered into by the Borrower and the Required Lenders or, in the case of any other Loan Document, by an agreement or agreements in writing entered into by the parties thereto with the consent of the Required Lenders;
provided that, in addition to the approval of the Required Lenders, no such agreement shall: 
 (i) decrease the
principal amount of, or extend the maturity of or any scheduled principal payment date or date for the payment of any interest on any Loan, or waive or excuse any such payment or any part thereof or decrease the rate of interest on any Loan, without
the prior written consent of each Lender directly adversely affected thereby; provided, that the Required Lenders may waive payment of any default interest accruing at any time under Section 2.07, 

(ii) increase or extend the Commitment or decrease or extend the date for payment of any Fees of any Lender without the prior
written consent of such Lender, 
 (iii) amend or modify the pro rata requirements of Section 2.16, the provisions of
Section 9.04(a) relating to an assignment or other transfer by the Borrower or any other Loan Party of any of its rights or obligations hereunder or release all or substantially all of the Guarantors (other than in connection with the sale of
such Guarantor in a transaction permitted by Section 6.06) or all or substantially all of the Collateral, without the prior written consent of each Lender, 

(iv) change the provisions of any Loan Document in a manner that by its terms adversely affects the rights of Lenders holding
Loans or Commitments of one Class differently from the rights of Lenders holding Loans or Commitments of any other Class without the prior written consent of Lenders 

  
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holding a majority in interest of the outstanding Loans and unused Commitments of each adversely affected Class, or 

(v) reduce the percentage contained in the definition of the term “Required Lenders” or the provision of this
Section 9.07 without the prior written consent of each Lender (it being understood that with the consent of the Required Lenders, additional extensions of credit pursuant to this Agreement may be included in the determination of the Required
Lenders on substantially the same basis as the Commitments on the date hereof); 
 provided further that no such agreement shall amend, modify or
otherwise affect the rights or duties of the Administrative Agent or the Collateral Agent hereunder or under any other Loan Document without the prior written consent of the Administrative Agent or the Collateral Agent, respectively. 

(c) Notwithstanding anything to the contrary in this Agreement or any other Loan Document, the Administrative Agent and the Borrower may amend
any Loan Document (i) to correct administrative errors or omissions, or to effect administrative changes that are not adverse to any Lender, (ii) to make modifications contemplated by Sections 2.22 or 2.23 pursuant to an Additional
Credit Extension Amendment or in connection with an Extension, as applicable, (iii) to correct, amend, cure any ambiguity, inconsistency, defect or correct any typographical error or other manifest error in this Agreement or any other Loan
Document, (iv) to comply with local law or advice of local counsel in respect of a Security Document or (v) to cause a Security Document to be consistent with this Agreement and other Loan Documents. Notwithstanding anything to the
contrary contained herein, such amendment shall become effective without any further consent of any other party to such Loan Document. 

Section 9.08. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest
rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively, the “Charges”), shall exceed the maximum lawful rate (the “Maximum
Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan or participation in accordance with applicable law, the rate of interest payable in respect of such Loan or participation hereunder,
together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan or participation but were not payable as a result of
the operation of this Section 9.08 shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or participations or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated
amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 

Section 9.09. Entire Agreement. This Agreement, the Engagement Letter and the other Loan Documents constitute the
entire contract between the parties relative to the subject matter hereof. Unless otherwise specified therein, any other previous agreement among the parties with respect to the subject matter hereof is superseded by this

  
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Agreement and the other Loan Documents. Nothing in this Agreement or in the other Loan Documents, expressed or implied, is intended to confer upon any Person (other than the parties hereto and
thereto, their respective successors and assigns permitted hereunder and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Collateral Agent and the Lenders) any rights, remedies, obligations
or liabilities under or by reason of this Agreement or the other Loan Documents. 
 Section 9.10. WAIVER OF JURY
TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION 9.10. 
 Section 9.11. Severability. In the event any one or more of the provisions
contained in this Agreement or in any other Loan Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be
affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor in
good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 9.12. Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on
different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided in Section 9.03. Delivery of an executed signature page to this
Agreement by facsimile transmission or other customary means of electronic transmission (e.g. “pdf”) shall be as effective as delivery of a manually signed counterpart of this Agreement. 

Section 9.13. Headings. Article and Section headings and the Table of Contents used herein are for convenience of
reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

  
 92 

 Section 9.14. Applicable Law. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
(OTHER THAN AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT OR ANY SUCH OTHER LOAN DOCUMENTS (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT
LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

Section 9.15. Jurisdiction; Consent to Service of Process. (a) The Borrower hereby irrevocably and
unconditionally agrees that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or tort or otherwise, against the Administrative Agent, any Lender or any Related Party
of the foregoing in any way relating to this Agreement or any other Loan Document (except as otherwise expressly stated therein) or the transactions relating hereto or thereto, in any forum other than any New York State court or Federal court of the
United States of America sitting in the borough of Manhattan in New York City, and any appellate court from any thereof, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced
in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent, the Collateral Agent or any Lender may otherwise have to bring any action or
proceeding relating to this Agreement or the other Loan Documents against the Borrower or its properties in the courts of any jurisdiction. 

(b) The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection
which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of, or relating to, this Agreement or the other Loan Documents in any New York State or Federal court. Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing
in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

Section 9.16. Electronic Execution of Assignments. The words “execution,” “signed,”
“signature,” and words of like import in any Assignment and Acceptance shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic

  
 93 

 
Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

Section 9.17. Confidentiality. Each of the Administrative Agent, the Collateral Agent and the Lenders agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ Related Parties (it being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority or quasi-regulatory authority (such as the National Association of Insurance
Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) in connection with the exercise of any remedies hereunder or under the other Loan Documents or any suit, action
or proceeding relating to the enforcement of its rights hereunder or thereunder, (e) to any other party hereto and, subject to an agreement containing provisions no less restrictive than this Section 9.17, to (i) any actual or
prospective assignee of or Participant in any of its rights or obligations under this Agreement and the other Loan Documents or (ii) any actual or prospective counterparty (or its advisors) to any swap, derivative or other transaction under
which payments are to be made by reference to the Borrower or any Subsidiary or any of their respective obligations, this Agreement or payments hereunder, (f) with the consent of the Borrower, (g) to the extent such Information
(x) becomes publicly available other than as a result of a breach of this Section 9.17, or (y) becomes available to the Administrative Agent, any Lender or any of their respective Affiliates on a non-confidential basis from a source
other than the Borrower or (h) on a confidential basis to (w) any rating agency in connection with rating the Borrower or its Subsidiaries or the Credit Facilities hereunder, (x) the CUSIP Service Bureau or any similar agency in
connection with the issuance and monitoring of CUSIP numbers with respect to the Credit Facilities, (y) service providers to the Administrative Agent in connection with the administration and management of this Agreement and the Loan Documents
and (z) market data collectors and similar service providers to the lending industry. For the purposes of this Section 9.17, “Information” shall mean all information received from the Borrower and related to the Borrower
or its business, other than any such information that was available to the Administrative Agent, the Collateral Agent or any Lender on a nonconfidential basis prior to its disclosure by the Borrower. Any Person required to maintain the
confidentiality of Information as provided in this Section 9.17 shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such
Person would accord its own confidential information. 
 Section 9.18. Lender Action. Each Lender agrees that it
shall not take or institute any actions or proceedings, judicial or otherwise, for any right or remedy against any Loan Party or any other obligor under any of the Loan Documents (including the exercise of any right of setoff, rights on account of
any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceedings, or otherwise commence any remedial procedures, with respect to any Collateral or any other property of any such Loan Party, unless
expressly provided for herein or in any other Loan Document, without 

  
 94 

 
the prior written consent of the Administrative Agent. The provisions of this Section 9.18 are for the sole benefit of the Lenders and shall not afford any right to, or constitute a defense
available to, any Loan Party. 
 Section 9.19. USA PATRIOT Act Notice. Each Lender and the Administrative Agent (for
itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name
and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the USA PATRIOT Act. 

Section 9.20. No Fiduciary Duty. Each Agent, each Lender and their respective Affiliates (collectively, solely for
purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Loan Parties, their stockholders and/or their Affiliates. Each Loan Party agrees that nothing in the Loan Documents or otherwise
will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and such Loan Party, its equityholders or its Affiliates, on the other. The Loan Parties acknowledge and
agree that (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between Lenders, on the one hand, and the Loan Parties, on
the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of any Loan Party, its equityholders or its Affiliates with respect to the
transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise any Loan Party, its equityholders or
its Affiliates on other matters) or any other obligation to any Loan Party except the obligations expressly set forth in the Loan Documents and (y) each Lender is acting solely as principal and not as the agent or fiduciary of any Loan Party,
its management, equityholders, creditors or any other Person. Each Loan Party acknowledges and agrees that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making its own
independent judgment with respect to such transactions and the process leading thereto. Each Loan Party agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to
such Loan Party, in connection with such transaction or the process leading thereto. 

  
 95 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their
respective authorized officers as of the day and year first above written. 
  

			
	BOX, INC.
		
	By:	 	 /s/ Dylan Smith

	Name:	 	Dylan Smith
	Title:	 	CFO
		
	By:	 	 /s/ Jennifer Ceran

	Name:	 	Jennifer Ceran
	Title:	 	VP Finance & Treasurer

 [Signature Page to Credit Agreement] 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, individually and as Administrative Agent and Collateral Agent,
		
	By:	 	 /s/ William O’Daly

	Name:	 	William O’Daly
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Philipp Horat

	Name:	 	Philipp Horat
	Title:	 	Authorized Signatory

 [Signature Page to Credit Agreement] 

 
			
	JPMorgan Chase Bank, N.A.
		
	By:	 	 /s/ John Kowalczuk

	Name:	 	John Kowalczuk
	Title:	 	Executive Director

 [Signature Page to Credit Agreement] 

 
			
	Morgan Stanley Senior Funding, Inc.
		
	By:	 	 /s/ Sherrese Clarke

	Name:	 	Sherrese Clarke
	Title:	 	Vice President

 [Signature Page to Credit Agreement] 

 
			
	BMO Harris Financing, Inc.
		
	By:	 	 /s/ Elizabeth Armstrong

	Name:	 	Elizabeth Armstrong
	Title:	 	Director

 [Signature Page to Credit Agreement] 

 Schedule 1.01(a) 

Disqualified Lenders 

“Disqualified Lender” shall mean any Person other than (a) a Lender, (b) an Affiliate of a Lender, (c) an
Approved Fund of a Lender and (d) any other Person (other than a natural person) consented to by the Borrower; provided that with respect to any assignment after the first anniversary of the Closing Date, such consent of the Borrower
shall not be unreasonably withheld or delayed. 

 Schedule 1.01(b) 

Guarantors 
 None. 

 Schedule 1.01(c) 

Immaterial Subsidiaries 
  

	 	•	 	Crocodoc; 

  

	 	•	 	Box Intl Holdings Ltd; 

  

	 	•	 	Box Intl Technology Ltd; 

  

	 	•	 	Box.com (UK) Ltd; 

  

	 	•	 	Box France SARL; 

  

	 	•	 	Box Deutschland GmbH; 

  

	 	•	 	KK Box Japan. 

 Schedule 2.01(a) 

Lenders and Commitments 
  

					
	 Lender
	  	Commitment	 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	50,000,000	  
	 JPMorgan Chase Bank, N.A.
	  	$	20,000,000	  
	 Morgan Stanley Senior Funding, Inc.
	  	$	20,000,000	  
	 BMO Harris Financing, Inc.
	  	$	10,000,000	  

 Schedule 3.08 

Subsidiaries 
  

	 	•	 	Crocodoc; 

  

	 	•	 	Box Intl Holdings Ltd; 

  

	 	•	 	Box Intl Technology Ltd; 

  

	 	•	 	Box.com (UK) Ltd; 

  

	 	•	 	Box France SARL; 

  

	 	•	 	Box Deutschland GmbH; 

  

	 	•	 	KK Box Japan. 

 Schedule 3.18 

Insurance 
  

													
	 Coverage
	  	 Carrier
	  	A.M. Best
Rating	  	Effective Date	 	Policy Number	 	 Limits
	  	 Deductibles

	Property	  	Berkley/ StarNet Insurance Company	  	A+, XV	  	7/1/13-7/1/14	 	TCP7002778-11	 	 $ 20,000,000 Blanket Personal Property

$ 3,000,000 Blanket Business Income / Extra Expense
 $ 5,000,000
Earthquake Sprinkler Leakage
 $ 250,000 Contingent Business Income

$ 500,000 Personal Property Unscheduled Locations
	  	 $1,000 Property Deductible, EXCEPT

as noted below
 24 Hours Business Income Waiting Period

$100K, 24 Hrs Earthquake Sprinkler Leakage

							
	Liability	  	Berkley/ StarNet Insurance Company	  	A+, XV	  	7/1/13-7/1/14	 	TCP7002778-11	 	 Commercial General Liability
 $ 1,000,000
Each Occurrence
 $ 2,000,000 General Aggregate
 $ 2,000,000
Products/Completed Operations - Aggregate
 $ 1,000,000 Personal and Advertising Injury

$ 1,000,000 Damage to Premise Rented to You
 $ 10,000 Medical
Payments
 Employee Benefits Liability
 $ 1,000,000 Each
Claim
 $ 3,000,000 Aggregate
 Contingent Auto
Liability
 $ 1,000,000 Each Accident (Hired & Non-Owned Autos)

$ 10,000 Medical Payments (Hired Autos)
 $ 50,000 Physical Damage
(Hired Autos)
 Foreign Voluntary Workers Compensation

State of Hire - US Nationals
 Country of Permanent Residence -
Third Country Nationals
 Employers Liability
 $
1,000,000 Bodily Injury by accident - each accident
 $ 1,000,000 Bodily injury by disease - each employee

$ 1,000,000 Bodily injury by disease - policy limit

Repatriation Expense
 $ 1,000,000 Each Employee

$ 1,000,000 Aggregate
	  	  
  
  

 
 $ 1,000 Employee Benefits Liability

 
  
 $ 1,000 Physical
Damage Deductible

							
	Automobile Liability	  	Berkley/ StarNet Insurance Company	  	A+, XV	  	7/1/13-7/1/14	 	TCP7002778-11	 	 $ 1,000,000 Liability - Per Accident (Hired &

Non-Owned Autos)
 ACV Physical Damage (Hired Autos)
	  	 $ 100 Comprehensive
  

$ 1,000 Collision

																			
	Umbrella	  	 Berkley/ Berkley

National Ins Co
	  	 	A+, XV	  	  	 	7/1/13-7/1/14	  	  	 	TUL7002808-10	  	  	$ 20,000,000 Occurrence	  	
							
	Workers Compensation	  	 Berkley/ Berkley

National Ins Co
	  	 	A+, XV	  	  	 	7/1/13-7/1/14	  	  	 	TWC7002779-12	  	  	 Workers Compensation - Statutory Benefits

Employers Liability
 $ 1,000,000 Bodily Injury by accident
- each accident
 $ 1,000,000 Bodily injury by disease - each employee

$ 1,000,000 Bodily injury by disease - policy limit
	  	
							
	Local UK EL	  	 WR Berkley

Ins(Europe) LTD
	  	 	A+, XV	  	  	 	7/1/13-7/1/14	  	  	 	GIL130G8F073	  	  	£ 5,000,000 Limit of Indemnity	  	

													
	 Coverage
	  	 Carrier
	  	 A.M. Best
Rating
	  	 Effective Date
	  	 Policy Number
	  	 Limits
	  	 Deductibles

	Errors & Omissions	  	Zurich American Ins Co	  	A+, XV	  	7/1/13-7/1/14	  	EOC5761260-00	  	 $ 10,000,000 Aggregate for All Damages, Claim Expenses

and Privacy Event Expenses under all Coverages
 Information
Technology and Internet Liability
 (incl Media Liability)

$ 10,000,000 Each Claim
 $ 10,000,000 Aggregate

9/26/2008 Retroactive Date
 System Security and Privacy
Liability
 $ 10,000,000 Each Claim
 $ 10,000,000
Aggregate
 $ 1,000,000 Each Claim - Regulatory Proceeding

Sublimit
 $ 1,000,000 Aggregate - Regulatory Proceeding

Sublimit
 9/26/2008 Retroactive

Date Privacy Breach Cost
 $ 2,000,000 Each Claim

$ 2,000,000 Aggregate
	  	 $ 100,000 SIR Each Claim

 
 $ 100,000 SIR Each Claim

$ 100,000 SIR Each Claim
 (Regulatory Proceeding)

 
  
  

 
  
 $ 100,000
Retention

		  		  		  		  		  	  
		  		  		  		  		  	  
							
	Excess E&O $10mil xs $10mil	  	 ACE American

Ins Co
	  	A+, XV	  	7/1/13-7/1/14	  	G23671621 001	  	 $ 10,000,000 Limit of Liability excess over

underlying E&O layer of $10,000,000
	  	
							
	Excess E&O $10mil xs $20mil	  	XL / Greenwich Ins Co	  	A, XV	  	7/1/13-7/1/14	  	MTE 0041520	  	 $ 10,000,000 Limit of Liability excess over

underlying E&O layer of $20,000,000
	  	
							
	Excess E&O $10mil xs $30mil	  	AXIS Ins Co	  	A, XV	  	7/1/13-7/1/14	  	 MSN 775222

/01/2013
	  	 $ 10,000,000 Limit of Liability excess over

underlying E&O layer of $30,000,000
	  	
							
	Excess E&O $10mil xs $40mil	  	CNA / Continental Casualty Co	  	A, XV	  	7/1/13-7/1/14	  	 MSN 775222

/01/2013
	  	 $ 10,000,000 Limit of Liability excess over

underlying E&O layer of $40,000,000
	  	

													
	 Coverage
	  	 Carrier
	  	A.M. Best
Rating	  	Effective Date	  	Policy Number	  	 Limits
	  	 Deductibles

	Fiduciary Liability	  	Chubb / Federal Ins Co	  	A++, XV	  	7/1/13-7/1/14	  	8224-1170	  	$ 1,000,000 Aggregate Limit of Liability	  	
							
	Crime	  	Chubb / Federal Ins Co	  	A++, XV	  	7/1/13-7/1/14	  	8224-1170	  	 $ 5,000,000 Employee Theft
 $ 2,000,000
Premises
 $ 2,000,000 In Transit
 $ 2,000,000 Forgery

$ 2,000,000 Computer Fraud
 $ 2,000,000 Funds Transfer Fraud

$ 2,000,000 Money Orders and Counterfeit Money
 $ 2,000,000 Credit
Card Fraud
 $ 5,000,000 Client Coverage
 $ 100,000
Expense
	  	$ 5,000 Retention
							
	Employment Practices Liability	  	HCC	  	A+, XIV	  	3/21/13-3/21/14	  	14-MGU-13
 -A28851
	  	$ 5,000,000 Aggregate Limit of Liability	  	$ 100,000 Retention
							
	Primary Directors & Officers	  	HCC	  	A+, XIV	  	3/21/13-3/21/14	  	14-MGU-13
 -A28851
	  	$ 5,000,000 Aggregate Limit of Liability	  	 $ - Retention (Insuring Agreement A)

Non-indemnifiable Loss
 $ 50,000 Retention (Insuring Agreement
A)
 Indemnifiable Loss
 $ 50,000 Retention (Insuring Agreement
B)

							
	 Excess Directors & Officers

$5mil xs $5mil
	  	ACE / U.S. Specialty Ins Co	  	A+, XV	  	3/21/13-3/21/14	  	DOX
G26793038	  	 $ 5,000,000 Limit of Liability excess over

underlying D&O layers of $5,000,000
	  	

  

Proprietary Information: Data provided on this page is proprietary between Aon and Box, Inc. 

This summary is furnished to you for general informational purposes and is accurate only as of the effective date of your coverage. This document is not an
insurance policy and does not amend, alter or extend the coverage afforded by the listed proposed policy(ies); 
 please consult your policy(ies) for the
actual terms, conditions and limits that apply to your coverage. ©Aon Corporation, 2012. All rights Reserved. 
 The Borrower also subscribes to the
following employee benefit plans: 
  

	 	•	 	Medical: Kaiser and Anthem 

  

	 	•	 	Dental and Vision: Guardian 

  

	 	•	 	Life/Disability: Guardian 

  

	 	•	 	Business Travel Accident, Medical Benefits Abroad, and International Medical: Cigna 

 Schedule 3.19(a) 

UCC Filing Offices 
 Secretary of State of
the State of Delaware. 

 Schedule 3.20(a) 

Owned Real Property 
 None. 

 Schedule 3.20(b) 

Leased Real Property 
 Office Lease by and
between Borrower and Behringer Harvard El Camino Real LP for the lease of the premises located at 4440 El Camino Real, Los Altos, California, effective July 1, 2011 (the “El Camino Lease”). 

Lease Agreement by and between the Borrower and J&R Realty Borrower for the lease of the premises located at 409 Sherman Avenue, Palo Alto, CA 94306,
dated June 10, 2008 (the “Sherman Lease”). The property leased pursuant to the Sherman Lease is the subject of a Sublease by and between Borrower and Groupon, Inc., dated September 2010. 

Lease Agreement by and between the Borrower and El Camino Center for the lease of the premises located at 200-380 Portage Drive, Palo Alto, CA 94306, dated
March 31, 2010 (the “Portage Lease”). The property leased pursuant to the Portage Lease is the subject of (i) a Sublease by and between Borrower and Cloudera, Inc., as the Subtenant, for the premises located at 220 Portage
Avenue, Palo Alto, CA 94306, dated March 12, 2012; and (ii) a Sublease by and between Borrower and Wepay, Inc., as the Subtenant, for the premises located at 380 Portage Avenue, Palo Alto, CA 94306, May 24, 2012. 

Office Lease by and between the Borrower and Kilroy Realty, L.P. for the premises located at 100 First Street, 13th Floor, San Francisco, CA, dated
May 11, 2012 (the “First Street Lease”). 
 Sublease by and among the Borrower, as the Subtenant, LeMessurier Consultants Inc., as the
Tenant, and USREIF Central Plaza Massachusetts, LLC, as the Landlord, for the lease of the premises located at 675 Massachusetts Avenue, Cambridge, MA 02139, dated June 1, 2010, as amended (the “Massachusetts Lease”). A portion
of the property leased pursuant to the Massachusetts Lease is the subject of a Sublease by and between Borrower and Biff Labs, Inc., dated September 1, 2011. 

Lease by and between the Borrower and 4410 Los Altos, LLC for the lease of the premises located at 4410 El Camino Real, Suites 102, 106, 107, 206 &
210, Los Altos, CA, dated August 10, 2011, as amended on September 2, 2011 and October 27, 2011 (the “Los Altos Lease”). The property leased pursuant to the Los Altos Lease is the subject of (i) a Sublease by and
between Borrower, as Sublessor, and Voyageprive.com for Suite 206 of the premises located at 4410 El Camino Real, Los Altos, CA, dated September 13, 2011, and (ii) a Sublease by and between Borrower, as Sublessor, and WebFilings for
Suite 200 of the premises located at 4410 El Camino Real, Los Altos, CA, dated September 30, 2011. 

 Schedule 6.01(a) 

Existing Indebtedness 

Irrevocable Standby Letter of Credit, dated June 24, 2011, issued by Wells Fargo Bank, N.A. on behalf of the Borrower in connection with
the Office Lease by and between Borrower and Behringer Harvard El Camino Real LP for the lease of the premises located at 4440 El Camino Real, Los Altos, California, effective July 1, 2011. 

Irrevocable Standby Letter of Credit, dated May 11, 2012, issued by Wells Fargo Bank, N.A. on behalf of the Borrower in connection with
the Office Lease by and between the Borrower and Kilroy Realty, L.P. for the premises located at 100 First Street, 13th Floor, San Francisco, CA, dated May 11, 2012 (the “First Street LOC”). 

Shares of the Borrower’s Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D
Preferred Stock, Series D-1 Preferred Stock, Series D-2 Preferred Stock, and Series E Preferred Stock are redeemable if requested by the holders of not less than sixty-six and two/thirds percent (66-2/3%) of the outstanding shares of
Preferred Stock of the Borrower, voting as a single class, at any time after July 20, 2017; provided, however, that if such a request is made, the prior approval of the holders of at least a majority of the outstanding shares of
Series E Preferred Stock shall also be required to redeem the shares of Series E Preferred Stock. 

 Schedule 6.02(a) 

Existing Liens 
 Security
Agreement issued by the Borrower to Wells Fargo Bank, N.A., in connection with the First Street LOC referenced in Section 6.01(a) above. 

 EXHIBIT A 

[Form of] 
 ADMINISTRATIVE
QUESTIONNAIRE 
 Box, Inc. 
  

					
	Agent Address:	  	Credit Suisse AG                      	  	Return form to: William O’Daly
		  	Eleven Madison Avenue        	  	Telephone: (212) 325-1986
		  	New York, NY 10010                	  	Facsimile: (212) 743-2254
		  		  	E-mail: william.o’daly@credit-suisse.com

  

	
	It is very important that all of the requested information be completed accurately and that this questionnaire be returned promptly. If your
institution is sub-allocating its allocation, please fill out an administrative questionnaire for each legal entity.

 Legal Name of Lender to appear in Documentation: 
  

 
  

			
	Signature Block Information:	 	  

  

											
	 •    Signing Credit Agreement
	  	 ̈	  	Yes	  	 ̈	  	No	  	
						
	 •    Coming in via Assignment
	  	 ̈	  	Yes	  	 ̈	  	No	  	

 Type of Lender:
                     
 (Bank, Asset Manager,
Broker/Dealer, CLO/CDO; Finance Company, Hedge Fund, Insurance, Mutual Fund, Pension Fund, Other Regulated Investment Fund, Special Purpose Vehicle, Other- please specify) 
  

			
	Lender Parent:	 	  

  

					
	Domestic Address	 		  	Eurodollar Address
			
	  
	 		  	  

			
	  
	 		  	  

			
	  
	 		  	  

  

  
 A-1 

							
	Contacts/Notification Methods: Borrowings, Paydowns, Interest, Fees, etc.
				
		  	Primary Credit Contact	  		  	Secondary Credit Contact
				
	Name:	  	  
	  		  	  

				
	Company:	  	  
	  		  	  

				
	Title:	  	  
	  		  	  

				
	Address:	  	  
	  		  	  

				
		  	  
	  		  	  

				
	Telephone:	  	  
	  		  	  

				
	Facsimile:	  	  
	  		  	  

				
	E-Mail Address:	  	  
	  		  	  

				
		  	Primary Operations Contact	  		  	Secondary Operations Contact
				
	Name:	  	  
	  		  	  

				
	Company:	  	  
	  		  	  

				
	Title:	  	  
	  		  	  

				
	Address:	  	  
	  		  	  

				
		  	  
	  		  	  

				
	Telephone:	  	  
	  		  	  

				
	Facsimile:	  	  
	  		  	  

				
	E-Mail Address:	  	  
	  		  	  

	
	Lender’s Domestic Wire Instructions
		
	Bank Name:	  	  

		
	ABA/Routing No.:	  	  

		
	Account Name:	  	  

		
	Account No.:	  	  

		
	FFC Account Name:	  	  

		
	FFC Account No.:	  	  

		
	Attention:	  	  

		
	Reference:	  	  

  
 A-2 

			
	
	Lender’s Foreign Wire Instructions
		
	Currency:	  	  

		
	Bank Name:	  	  

		
	Swift/Routing No.:	  	  

		
	Account Name:	  	  

		
	Account No.:	  	  

		
	FFC Account Name:	  	  

		
	FFC Account No.:	  	  

		
	Attention:	  	  

		
	Reference:	  	  

	
	Agent’s Wire Instructions
	
	[The Agent’s wire instructions will be disclosed at the time of closing.]
		
	Bank Name:	  	  

		
	ABA/Routing No.:	  	  

		
	Account Name:	  	  

		
	Account No.:	  	  

		
	FFC Account Name:	  	  

		
	FFC Account No.:	  	  

		
	Attention:	  	  

		
	Reference:	  	  

  
 A-3 

 Tax Documents 

NON-U.S. LENDER INSTITUTIONS: 
 I. Corporations:

 If your institution is incorporated outside of the United States for U.S. federal income tax purposes, and is the beneficial owner of the interest and
other income it receives, you must complete one of the following tax forms, as applicable to your institution: a.) Form W-8BEN (Certificate of Foreign Status of Beneficial Owner) or
b.) Form W-8ECI (Income Effectively Connected to a U.S. Trade or Business) 
 A U.S. taxpayer
identification number is required for any institution submitting Form W-8ECI. It is also required on Form W-8BEN for certain institutions claiming the benefits of a tax treaty with the U.S. Please refer to the
instructions when completing the form applicable to your institution. In addition, please be advised that U.S. tax regulations do not permit the acceptance of faxed forms. An original tax form must be submitted. 

II. Flow-Through Entities: 
 If your institution is
organized outside the U.S., and is classified for U.S. federal income tax purposes as either a Partnership, Trust, Qualified or Non-Qualified Intermediary, or other non- U.S. flow-through entity, an original Form
W-8IMY (Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding) must be completed by the intermediary together with a
withholding statement. Flow-through entities other than Qualified Intermediaries are required to include tax forms for each of the underlying beneficial owners. 

Please refer to the instructions when completing this form. In addition, please be advised that U.S. tax regulations do not permit the acceptance of faxed
forms. Original tax form(s) must be submitted. 
 U.S. LENDER INSTITUTIONS: 

If your institution is incorporated or organized within the United States, you must complete and return Form W-9 (Request for Taxpayer
Identification Number and Certification). Please be advised that we request that you submit an original Form W-9. 
 Pursuant to the
language contained in the tax section of the Credit Agreement, the applicable tax form for your institution must be completed and returned prior to the first payment of income. Failure to provide the proper tax form when requested may subject your
institution to U.S. tax withholding. 

  
 A-4 

 EXHIBIT B 

[Form of] 
 AFFILIATE
SUBORDINATION AGREEMENT 
 Section 1. Agreement to Subordinate. [INSERT NAME OF OBLIGOR]’s (the
“Company”) obligations to [INSERT NAME OF LENDER] (the “Subordinated Lender”) under [INSERT NAME OF DOCUMENT] (the “Subordinated Obligations”) are subordinated in right of payment, to the extent and
in the manner provided in this Affiliate Subordination Agreement (this “Instrument”), to the prior payment of all Senior Debt. “Senior Debt” means the Obligations (as defined in the Credit Agreement dated as of
July [     ], 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Box, Inc., a Delaware corporation, as the borrower, the lenders that are parties
thereto from time to time and Credit Suisse AG, as administrative agent for the Lenders and collateral agent for the Secured Parties) and “Senior Lender” means the holder from time to time of the Senior Debt. The subordination
provisions of this Instrument are for the benefit of and enforceable by the Senior Lender or its designated representatives. 

Section 2. Liquidation, Dissolution, Bankruptcy. Upon any payment or distribution of the assets of the Company to creditors upon a
total or partial liquidation or a total or partial dissolution of the Company or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Company or its property: 

(1) the Senior Lender is entitled to receive payment in full in cash of all Senior Debt, including all interest accrued or
accruing on the Senior Debt after the commencement of any bankruptcy, insolvency or reorganization or similar case or proceeding at the contract rate (including, without limitation, any contract rate applicable upon default) specified in the Credit
Agreement, whether or not the claim for the interest is allowed or allowable as a claim in the case or proceeding with respect to the Senior Debt (only such payment constituting “payment in full”) before the Subordinated Lender will
be entitled to receive any payment of principal of or interest on the Subordinated Obligations; and 
 (2) until the Senior
Debt is paid in full, any payment or distribution to which the Subordinated Lender would be entitled but for these subordination provisions shall instead be made to the Senior Lender as its interests may appear. 

Section 3. Default or Event of Default on Senior Debt. Except with the written consent of, or upon demand by, the Senior Lender,
the Company shall not pay any Subordinated Obligations and the Subordinated Lender shall not take or receive from the Company, directly or indirectly, in cash or other property or by set-off or in any other manner, including, without limitation,
from or by way of collateral, payment of all or any of the Subordinated Obligations if, at the time, (i) the maturity of some or all of the Senior Debt shall have been accelerated or (ii) any Default or Event of Default (as defined under
the Credit Agreement) has occurred or is continuing and (in the case of this clause (ii)) the Senior Lender shall have given notice to the Company prohibiting such payment. 

  
 B-1 

 Section 4. When Distribution Must Be Paid Over. If a payment or other distribution is
made to the Subordinated Lender that because of these subordination provisions should not have been made to it, the Subordinated Lender shall hold it in trust for the Senior Lender and pay it over to the Senior Lender as its interests may appear.

 Section 5. Subrogation. A distribution made under these subordination provisions to the Senior Lender which otherwise would
have been made to the Subordinated Lender is not, as between the Company and the Subordinated Lender, a payment by the Company on the Senior Debt. After all Senior Debt is paid in full and until the Subordinated Obligations are paid in full, the
Subordinated Lender will be subrogated to the rights of the Senior Lender to receive payments in respect of the Senior Debt. 

Section 6. Relative Rights; Subordination Not to Prevent Events of Default or Limit Right to Accelerate. These subordination
provisions define the relative rights of the Subordinated Lender and the Senior Lender and do not impair, as between the Company and the Subordinated Lender, the obligation of the Company, which is absolute and unconditional, to pay principal of and
interest on the Subordinated Obligations in accordance with their terms; provided that so long as any Default or Event of Default (as defined in the Credit Agreement) has occurred and is continuing, the Subordinated Lender shall not be
entitled to, and waives its right to, accelerate the maturity of the Subordinated Obligations upon a Default under this Instrument or exercise any remedies upon a Default under this Instrument. The failure to make a payment on the Subordinated
Obligations by reason of these subordination provisions does not prevent the occurrence of a Default under this Instrument. 

Section 7. Subordinated Lender Entitled to Rely. For the purpose of ascertaining the outstanding amount of the Senior Debt, the
Senior Lender, and all other information relevant to making any payment or distribution to the Senior Lender pursuant hereto, the Subordinated Lender is entitled to rely upon an order or decree of a court of competent jurisdiction in which any
proceedings of the nature referred to in Section 2 above are pending, a certificate of the liquidating trustee or other person making a payment or distribution to the Subordinated Lender, or information provided by the Senior Lender or any of
the Lenders. 
 Section 8. Subordination May Not Be Impaired By Company. No right of the Senior Lender to enforce the
subordination of the Subordinated Obligations will be impaired by any act or failure to act by the Company or by its failure to comply with the provisions hereunder. 

Section 9. Reliance by Senior Lender on Subordination Provisions; No Waiver. (a) The Subordinated Lender acknowledges and
agrees that these subordination provisions are, and are intended to be, an inducement and a consideration to the Senior Lender, whether the Senior Debt was created or acquired before or after the incurrence of the Subordinated Obligations, to
acquire or to hold the Senior Debt, and the Senior Lender will be deemed conclusively to have relied on these subordination provisions in acquiring and holding such Senior Debt. 

  
 B-2 

 (b) The Senior Lender may, at any time and from time to time, without the consent
of or notice to the Subordinated Lender, without incurring any liability or responsibility to the Subordinated Lender, and without impairing the rights of the Senior Lender under these subordination provisions, do any of the following: 

(1) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, the Senior Debt or any
instrument evidencing the same or any agreement under which the Senior Debt is outstanding or secured; 
 (2) sell, exchange,
release or otherwise deal with any property pledged, mortgaged or otherwise securing the Senior Debt; 
 (3) release any
person liable in any manner for the payment of the Senior Debt; or 
 (4) exercise or refrain from exercising any rights
against the Company and any other person. 
 [Signature Pages Follow] 

  
 B-3 

 
			
	[OBLIGOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[LENDER]
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-4 

 EXHIBIT C 

[Form of] 
 ASSIGNMENT AND
ACCEPTANCE 
 This Assignment and Acceptance (the “Assignment and Acceptance”) is dated as of the Effective Date
set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein
shall have the meanings given to them in the Credit Agreement (defined below), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to
and incorporated herein by reference and made a part of this Assignment and Acceptance as if set forth herein in full. 
 For an agreed
consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit
Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below, (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments
delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including participations in
any Letters of Credit included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any person,
whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing,
including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and
obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as, the “Assigned Interest”). The Assignee represents and warrants that the Assignee is not a competitor of
Box, Inc. or its subsidiaries or a controlled affiliate of any such competitor (the “No Competitor Representation”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this
Assignment and Acceptance, without representation or warranty by the Assignor. 
  

					
	1.	  	Assignor:	  	  

			
	2.	  	Assignee:	  	  

		  		  	[and is an Affiliate of [identify Lender]]
			
	3.	  	Borrower:	  	BOX, INC.
		
	4.	  	Administrative Agent: Credit Suisse AG, as the administrative agent under the Credit Agreement

  
 C-1 

			
	5.	  	Credit Agreement: The Credit Agreement, dated as of [            ], 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among Box, Inc., a Delaware corporation, as a borrower, the lenders that are parties thereto and Credit Suisse AG, as administrative agent for the Lenders and collateral agent for the Secured
Parties.
		
	6.	  	Assigned Interest:

  

											
	 Facility Assigned
	  	 Aggregate Amount of

Commitment/Loans for
 all
Lenders
	  	Amount of
Commitment/Loans
Assigned	  	Percentage Assigned of
Commitment/Loans1	 	  	CUSIP Number
	 Revolving Credit Commitment
	  	$	  	$	  	 	%	  	  	

  
  

	1 	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

  
 C-2 

 Effective Date:             ,
201    [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 

The terms set forth in this Assignment and Acceptance are hereby agreed to: 

 

			
	ASSIGNOR
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Title:	 	
	
	ASSIGNEE
	[NAME OF ASSIGNEE]
		
	By:	 	  

	Title:	 	

  
 C-3 

			
	Consented to and Accepted:
	
	BOX, INC.2
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CREDIT SUISSE AG, CAYMAN ISLANDS
		 	 BRANCH
 as Administrative Agent3

		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  
  

 

	2 	To be completed to the extent consent is required under Section 9.04(b) or the definition of “Eligible Assignee”. 

	3 	To be completed to the extent consent is required under Section 9.04(b) or the definition of “Eligible Assignee”. 

  
 C-4 

 ANNEX 1 to Assignment and Acceptance 

BOX, INC. 
 CREDIT AGREEMENT 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ACCEPTANCE 
 1.
Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and Acceptance and to consummate the transactions contemplated hereby, and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement
or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, the Subsidiaries or
any of their Affiliates or any other person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, the Subsidiaries or any of their Affiliates or any other person of any of their respective obligations
under any Loan Document. 
 1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and
authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an
Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender
thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or
the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received, or has been accorded the
opportunity to receive, copies of the most recent financial statements delivered pursuant to Sections 4.02(j) or 5.04 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis
and decision to enter into this Assignment and Acceptance and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it
has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase the Assigned Interest, (vii) it has duly completed an Administrative Questionnaire substantially in the form of
Exhibit A to the Credit Agreement, unless it is already a Lender under the Credit Agreement, (viii) the Administrative Agent has 

  
 C-5 

 
received a processing and recordation fee of $3,500 as of the Effective Date (unless such fee has been waived by the Administrative Agent), and (ix) if it is a Foreign Lender, attached to
the Assignment and Acceptance is any documentation required to be delivered by it pursuant to Section 2. 19(f) of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and
without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the
Loan Documents and (ii) it will perform in accordance with their terms all of the obligations that by the terms of the Loan Documents are required to be performed by it as a Lender. 

2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest
(including payments of principal, interest, fees and other amounts) to the Assignor for amounts that have accrued to but excluding the Effective Date and to the Assignee for amounts that have accrued from and after the Effective Date. 

3. General Provisions. This Assignment and Acceptance shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and
Acceptance by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance. This Assignment and Acceptance shall be construed in accordance with and governed by, the law of the State of New York
without regard to conflicts of principles of law that would require the application of the laws of another jurisdiction. The Borrower shall be a third party beneficiary of the No Competitor Representation of the Assignee. 

  
 C-6 

 EXHIBIT D 

[Form of] 
 BORROWING REQUEST

 Credit Suisse AG 

      as Administrative Agent for 

the Lenders referred to below, 
 Eleven Madison Avenue 

New York, NY 10010 
 Attention:
[                    ] 
 Re: BOX,
INC. 
 [Date] 
 Ladies and Gentlemen: 

Reference is made to the Credit Agreement, dated as of [            ], 2013 (the
“Credit Agreement”), among Box, Inc., a Delaware corporation, as a borrower, the lenders that are parties thereto and Credit Suisse AG, as administrative agent for the Lenders and collateral agent for the Secured Parties.
Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement. The undersigned Borrower hereby gives you notice pursuant to Section 2.03 of the Credit Agreement that it requests a Borrowing
under the Credit Agreement, and in that connection sets forth below the terms on which such Borrowing is requested to be made: 
  

					
	(A)	  	 Borrower
	  	Box, Inc.
			
	(B)	  	 Class of Borrowing
	  	Revolving Borrowing
			
	(C)	  	 Principal amount of Borrowing1
	  	  

			
	(D)	  	 Date of Borrowing (which is a Business Day)
	  	  

			
	(E)	  	 Type of Borrowing
	  	[ABR] [Eurodollar]
			
	(F)	  	 For Eurodollar Borrowing, the Interest Period and the last day thereof
	  	  

			
	(G)	  	 Funds are requested to be disbursed to the undersigned Borrower’s account with [BANK] (Account
No.             ).
	  	  

  
  

	1 	Loans requested shall be in an aggregate principal amount that is (i) an integral multiple of $1.0 million and not less than $5.0 million or (ii) equal to the remaining available balance of the applicable Commitments.

  
 D-1 

 The undersigned Borrower hereby certifies that on the proposed Date of Borrowing, both before and
after giving effect thereto and to the application of proceeds therefrom, the Borrowing complies with the terms and conditions of the Credit Agreement (including, without limitation, Sections 4.01(b)-(e) of the Credit Agreement). 

[Signature Page Follows] 

  
 D-2 

 
			
	BOX, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	[Responsible Officer]
		
	By:	 	  

	Name:	 	
	Title:	 	[Responsible Officer]

  
 D-3 

 EXHIBIT E 

[Form of] 
 COMPLIANCE
CERTIFICATE 
 Reference is made to the Credit Agreement, dated as of
[            ], 2013 (the “Credit Agreement”), among Box, Inc., a Delaware corporation, as a borrower, the lenders that are parties thereto and Credit Suisse AG, as
administrative agent for the Lenders and collateral agent for the Secured Parties. Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement. Pursuant to Section 5.04(c) of the Credit Agreement,
[            ], [Financial Officer] of [            ] (in such capacity and not in his or her individual capacity), hereby
certifies as follows: 
 a. No Default or Event of Default has occurred under the Credit Agreement which has not been
previously disclosed in writing to the Administrative Agent pursuant to a Compliance Certificate. 
 b. As of the date of
this certificate, the following constitute the Immaterial Subsidiaries: [     ]. 

  
 E-1 

 Dates this [    ] day of [        ],
201[  ]. 
  

			
	BOX, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	[Financial Officer]

  
 E-2 

 EXHIBIT F 

[Form of] 
 GUARANTEE AND
COLLATERAL AGREEMENT 
 (Under separate cover) 

  
 F-1 

 EXHIBIT G 

[Form of] 
 INTEREST ELECTION
REQUEST 
 Credit Suisse AG 

      as Administrative Agent for 

the Lenders referred to below, 
 Eleven Madison Avenue 

New York, NY 10010 
 Attention:
[                    ] 
 [Date] 

Re: BOX, INC. 
 Ladies and Gentlemen: 

This Interest Election Request is delivered to you pursuant to Section 2.10 of the Credit Agreement, dated as of
[             ], 2013 (the “Credit Agreement”), among Box, Inc., a Delaware corporation, as a borrower, the lenders that are parties thereto and Credit Suisse AG, as
administrative agent for the Lenders and collateral agent for the Secured Parties. Capitalized terms used herein but not defined shall have the meanings given to them in the Credit Agreement. The undersigned Borrower hereby requests that on
[            ]1 (the “Interest Election Date”), 

1. $[        ] of the presently outstanding principal amount of the Revolving Loans originally made on
[                    ], 
 2. all
presently being maintained as [ABR Loans][Eurodollar Loans], 
 3. be [converted into][continued as] 

4. [Eurodollar Loans having an Interest Period of [one/two/three/six]months] [ABR Loans]. 

[Signature Page Follows] 
  

 

	1 	Shall be a Business Day that is (a) the date hereof in the case of a conversion into ABR Borrowing to the extent this Interest Election Request is delivered to the Administrative Agent prior to 12:00 (noon), New
York City time on the date hereof, otherwise the Business Day following the date of delivery hereof, and (b) three Business Days following the date hereof in the case of a conversion into/continuation of Eurodollar Borrowings to the extent this
Interest Election Request is delivered to the Administrative Agent prior to 12:00 (noon), New York City time on the date hereof, otherwise the fourth Business Day following the date of delivery hereof, in each case. 

  
 G-1 

 The undersigned Borrower has caused this Interest Election Request to be executed and delivered
by its duly authorized officer as of the date first written above. 
  

			
	BOX, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 G-2 

 EXHIBIT H 

[Form of] 
 REVOLVING NOTE

  

			
	$         	 	New York, New York
		 	[Date]

 FOR VALUE RECEIVED, the undersigned, BOX, INC., a Delaware corporation (the
“Borrower”), hereby promises to pay to the order of [        ] (the “Lender”) on the Maturity Date (as
defined in the Credit Agreement referred to below), in lawful money of the United States and in immediately available funds, the principal amount of the lesser of (a)          DOLLARS
($        ) and (b) the aggregate unpaid principal amount of all Loans of the Lender outstanding under the Credit Agreement referred to below. The Borrower further agrees to pay interest in like money at
such office specified in Section 2.18 of the Credit Agreement on the unpaid principal amount hereof from time to time from the date hereof at the rates, and on the dates, specified in Section 2.06 of such Credit Agreement. 

The Lender may endorse and attach a schedule to reflect the date, Type and amount of each Loan of the Lender outstanding under the Credit
Agreement, the date and amount of each payment or prepayment of principal hereof, and the date of each interest rate conversion or continuation pursuant to Section 2.10 of the Credit Agreement and the principal amount subject thereto;
provided that the failure of the Lender to make any such recordation (or any error in such recordation) shall not affect the obligations of the Borrower hereunder or under the Credit Agreement. 

This Revolving Note is one of the Notes referred to in the Credit Agreement, dated as of
[            ], 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Box, Inc., a Delaware
corporation, as a borrower, the lenders party that are parties thereto and Credit Suisse AG, as administrative agent for the Lenders and collateral agent for the Secured Parties, is subject to the provisions thereof and is subject to optional and
mandatory prepayment in whole or in part as provided therein. Terms used herein which are defined in the Credit Agreement shall have such defined meanings unless otherwise defined herein or unless the context otherwise requires. 

This Revolving Note is secured and guaranteed as provided in the Credit Agreement and the Security Documents. Reference is hereby made to the
Credit Agreement and the Security Documents for a description of the properties and assets in which a security interest has been granted, the nature and extent of the security and guarantees, the terms and conditions upon which the security interest
and each guarantee was granted and the rights of the holder of this Revolving Note in respect thereof. 
 During the continuance of any one
or more of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Revolving Note may be declared to be immediately due and payable, all as provided in Section 7.01 thereof. 

  
 H-1 

 All parties now and hereafter liable with respect to this Revolving Note, whether maker,
principal, surety, guarantor, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind. 
 THIS
REVOLVING NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE CREDIT AGREEMENT. TRANSFERS OF THIS REVOLVING NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF THE CREDIT
AGREEMENT. 
 THIS REVOLVING NOTE AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS REVOLVING NOTE (INCLUDING,
WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

[Signature Page Follows] 

  
 H-2 

			
	 BOX, INC.,

as Borrower

		
	By:	 	  

	Name:	 	
	Title:	 	

  
 H-3 

 EXHIBIT I-1 

[Form of] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) Reference is hereby made to the
Credit Agreement dated as of [    ],          2013 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Box, Inc., a
Delaware corporation, as a borrower, the lenders that are parties thereto and Credit Suisse AG, as administrative agent for the Lenders and collateral agent for the Secured Parties. 

Pursuant to the provisions of Section 2.19 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record
and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a
ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN.
By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have
at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years
preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings
given to them in the Credit Agreement. 

  
 I-1-1 

			
	[NAME OF LENDER]
		
	By:	 	  

	Name:	 	
	Title:	 	

 Date:              , 201[  ] 

  
 I-1-2 

 EXHIBIT I-2 

[Form of] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of March 23, 2012 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among Box, Inc., a Delaware corporation, as a borrower, the lenders that are parties thereto and Credit Suisse AG, as administrative agent for the Lenders and collateral agent for the Secured
Parties. 
 Pursuant to the provisions of Section 2.19 of the Credit Agreement, the undersigned hereby certifies that (i) it is
the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of
the Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this
certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender
with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 

  
 I-2-1 

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

	Name:	 	
	Title:	 	

 Date:              , 201[  ] 

  
 I-2-2 

 EXHIBIT I-3 

[Form of] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of [            ], 2013
(as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Box, Inc., a Delaware corporation, as a borrower, the lenders that are parties thereto and Credit Suisse AG, as administrative
agent for the Lenders and collateral agent for the Secured Parties. 
 Pursuant to the provisions of Section 2.19 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such
participation, (iii) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or
business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and
(v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its
partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the
portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have
at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 

  
 I-3-1 

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

	Name:	 	
	Title:	 	

 Date:             , 201[  ] 

  
 I-3-2 

 EXHIBIT I-4 

[Form of] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of [            ], 2013
(as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Box, Inc., a Delaware corporation, as a borrower, the lenders that are parties thereto and Credit Suisse AG, as administrative
agent for the Lenders and collateral agent for the Secured Parties. 
 Pursuant to the provisions of Section 2.19 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect
partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the
undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code,
(iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign
corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the
Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY
accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on
this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and
currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 

  
 I-4-1 

			
	[NAME OF LENDER]
		
	By:	 	  

	Name:	 	
	Title:	 	

 Date:              , 201[  ] 

  
 I-4-2

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