Document:

First Amendment to Lease Agreement

 Exhibit 10.27 
 FIRST AMENDMENT TO LEASE 
 This First Amendment (the “First Amendment”) to Lease is
dated, made and effective as of May 15, 2008, by and among 200 INTERNATIONAL LIMITED PARTNERSHIP, a Delaware limited partnership, having an address at One New Hampshire Avenue, Suite 101, Portsmouth, New Hampshire 03801
(“Sublessor”) and SALIENT SURGICAL TECHNOLOGIES, INC., f/k/a TISSUELINK MEDICAL, INC., a Delaware corporation, having an address at One Washington Center, Suite 400, Dover, New Hampshire 03820 (“Sublessee”).

 RECITALS 
 A. Sublessor and Sublessee have entered into that certain Lease (as hereafter amended, modified or supplemented, the “Lease”) dated as of February 27, 2008, wherein Sublessor leased to Sublessee certain premises
(the “Premises”) consisting of a building, common facilities and other improvements to be constructed by Sublessor and to be located at 180 International Drive, Portsmouth, New Hampshire, all as more particularly described in the
Lease. 
 B. The Lease is subject to that certain Sublease dated April 5, 2001 by and between Pease Development Authority (the
“Ground Lessor” or “PDA”), as lessor, and Sublessor, as lessee, as amended by that certain Amendment No. 1 to Ground Lease dated as of May 15, 2008 (as heretofore or hereafter amended, modified or supplemented, the
“Ground Lease”). 
 C. Sublessor desires to establish a condominium to be known as the 200/180 International Drive
Condominium (the “Condominium”) to consist of a portion of the land subleased by Ground Lessor to Sublessor under the Ground Lease, including the Premises, and to declare the Building as a condominium unit thereof upon completion of
the Premises. 
 D. Sublessor and Sublessee desire to amend the Lease to acknowledge the creation of the Condominium and, subject to the
terms and conditions hereof, subordinate the Lease thereto, to amend the description of the Premises demised under the Lease and to provide for certain changes to the Lease required by Ground Lessor. 
 AGREEMENT 
 NOW, THEREFORE, the
parties hereto agree as follows: 
 1. Capitalized Terms. Capitalized terms used herein and not otherwise defined shall have the
meaning thereto ascribed in the Lease. 
 2. Amendments. The Lease is hereby amended as follows: 
 (a) Measurement Method. The last sentence in the second full paragraph of Section 1.4 of the Lease is hereby deleted and replaced with
the following: 
 “As used herein, the term “Measurement Method” shall mean the gross floor area of the Building, including
interior partitions, measured from the inside face of the exterior walls of the Building, but excluding any “second floor” warehouse space, the area of exterior walls, exterior columns, overhangs, landscaping, sidewalks, paving, exterior
staircases, patios 

 
and all other exterior floor area of the Building, and calculated using the same method as used to calculate the square footage of each floor of the Building
shown on the schematic floor plans prepared by DeStefano Architects dated November 19, 2007 and attached hereto as Exhibit A-1.” 
 (b) Quiet Enjoyment. The first sentence of the third full paragraph of Section 7 of the Lease is hereby deleted and replaced with the following: 
 “If Sublessor shall default in the performance or observance of any term, covenant or condition of the Ground Lease, then, without limiting the
generality of the other provisions of this Lease, and without waiving or releasing Sublessor from any of its obligations hereunder, Sublessee shall have the right, but shall be under no obligation, to pay any sums and to cause all of the terms,
covenants and conditions of the Ground Lease to be promptly performed or observed on behalf of Sublessor.” 
 (c) Use of the
Premises. The first sentence of Section 8 of the Lease is hereby deleted and replaced with the following: 
 “The Building
and the Premises may be used by Sublessee for office, warehousing, light industrial and manufacturing, machining, research and development and laboratory (the “Specified Uses”) and all other lawful uses incidental or ancillary to
any of the foregoing, all without the consent of Sublessor or the PDA, and any other lawful use after obtaining the approval of the PDA, such approval not to be unreasonably withheld, conditioned or delayed (and Sublessor hereby agrees to cooperate
with Sublessee in obtaining any such approval from the PDA) (hereinafter, the “Permitted Use”).” 
 (d)
Indemnification. The first sentence of Section 11.1(a) of the Lease is hereby deleted and replaced with the following: 
 “Subject to any limitations on Sublessee’s liability set forth in this Lease, including, without limitation, Section 11.4 and Article 23, Sublessee shall save the PDA, Sublessor, any partner, trustee, stockholder, officer,
director, member, employee or beneficiary of the PDA or Sublessor, (hereinafter individually, a “Sublessor Indemnified Party” and collectively, the “Sublessor Indemnified Parties”) harmless and indemnified from and
against (i) all injury, loss, cost (including reasonable attorneys’ fees and expenses), claim, cause of action, demands or judgments, or damage to any person or property on or about the Premises occasioned by the use or occupancy of the
Premises by Sublessee or Sublessee’s subtenants, licensees, employees, agents, or contractors (hereinafter collectively, “Sublessee’s Agents”), and (ii) all injury, loss, claim or damage to any person or property anywhere on
the Premises, Building or Lot occasioned by any negligent act, omission or intentional misconduct of Sublessee or Sublessee’s Agents (in each case, except to the extent caused by the negligent act, omission or intentional misconduct of the
Sublessor Indemnified Parties).” 
 (e) Approvals. Section 39(e) of the Lease is hereby deleted in its entirety and
replaced with the following: 
 “If and to the extent that any action or determination of Sublessee requires the consent or approval of
the PDA under the Ground Lease, Sublessor agrees to cooperate with Sublessee in obtaining any such approval, whether or not such approval separately requires the consent of Sublessor under the Lease.” 
  

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 3. Condominium Matters. 
 (a) The Condominium will be established upon Sublessor’s recording of the Declaration, By-laws and Site plan for the Condominium, copies of which are
attached hereto as Exhibit B (collectively, the “Condominium Documents”) with the Rockingham County Registry of Deeds. Upon recording the Condominium Documents, Sublessor agrees that it shall not modify, alter or amend the
same prior to the amendment declaring the Building as a unit of the Condominium, without the prior written consent of Sublessee in each instance. Sublessee acknowledges that Sublessor intends to amend the Condominium Documents upon completion of the
Building to declare the Building as Unit #2 of the Condominium, to designate the Lot and Common Facilities as limited common areas appurtenant to such unit, and to reserve such unit and limited common areas for the sole and exclusive use of
Sublessee. Notwithstanding anything in the Condominium Documents or the Lease to the contrary, Sublessor acknowledges and agrees that Sublessee shall have the right to review, comment on and reasonably approve any such amendment to the Condominium
Documents to the same extent as if they were the original Condominium Documents prior to Sublessor executing or recording the same to ensure that the unit complies with the requirements of Section 1.2 of the Lease and this Section 3.
Sublessor agrees to submit such proposed amendment (including, without limitation, the revised site plan and floor plans depicting the location and dimensions of the unit and appurtenant limited common areas) to Sublessee for its review and approval
at least 30 days prior to recording the same. The parties acknowledge and agree that because such unit will not be created or declared until such time as the Building has been constructed, in addition to the conditions set forth on Exhibit I to the
Lease, it shall be a further condition to Sublessor’s achieving Substantial Completion that an acceptable amendment to the Condominium Documents satisfying the conditions of Section 1.2 of the Lease and this Section 3 has been
reasonably approved by Sublessee and recorded by Sublessor in accordance with the Lease. 
 (b) Sublessor acknowledges and agrees that,
during the term of the Lease, Sublessee shall have, at its option, the right to participate in all meetings of the Condominium and to exercise all voting and approval rights under the Condominium Documents as if it were the owner of the unit being
leased by Sublessee. Sublessor agrees that it shall take all actions required by the Condominium Documents or otherwise necessary to effectuate the assignment of such voting and approval rights to Sublessee, including, without limitation, appointing
Sublessee as proxy for Sublessor and/or irrevocably appointing Sublessee as Sublessor’s attorney-in-fact to exercise all such voting and approval rights, such power to be coupled with an interest. 
 (c) Sublessor covenants and agrees as follows: 
 (i) Sublessor shall keep, perform, fulfill and otherwise comply at all times with each and every covenant, restriction, agreement, term and provision of the Condominium Documents, and Sublessor shall not exercise any of its rights as
Declarant of the Condominium in a manner that would impair or frustrate the rights granted to Sublessee under the Lease; 
  

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 (ii) Sublessee shall not be responsible or liable and shall not be required to pay for any sums,
charges, costs or expenses associated with insurance, maintenance, repair or replacement of the common areas and facilities of the Condominium, or any other common area expenses imposed or assessed by the Condominium, unless such sums, charges,
costs or expenses are directly attributable to the unit being leased by Sublessee or the limited common areas appurtenant thereto and would otherwise be payable by Sublessee under the terms and provisions of the Lease; 
 (iii) Sublessor shall pay and discharge as they become due all sums, charges, costs and expenses assessed against Sublessor for Sublessor’s share
of any common area expenses or other costs and expenses of the Condominium, both general and special, and all other sums and charges assessed against or chargeable to the Premises or to Sublessor under the Condominium Documents, and upon request of
Sublessee, Sublessor shall furnish to Sublessee receipts evidencing the payment of all such sums and charges within thirty (30) days of the date such sums or charges are first due and payable; and 
 (iv) Sublessor shall furnish to Sublessee, promptly upon receipt, a true and complete copy of each and every notice of default or non-compliance
received by Sublessor under the Condominium Documents, and Sublessor agrees that Sublessee may, but shall not be obligated, to cure or remedy any default that Sublessor fails to cure or remedy under the Condominium Documents, and Sublessee may
offset or deduct all reasonable out-of-pocket costs incurred by Sublessee in remedying or curing any such default against the next installment of rent due Sublessor under the Lease, subject, however, to the terms and provisions of the PDA
Non-Disturbance Agreement. 
 (d) Subject in all respects to the provisions set forth above and to all the terms and provisions contained in
the Lease, Sublessee consents to Sublessor’s establishment of the Condominium and to the subordination of the Lease thereto. Notwithstanding anything in the Lease or the Condominium Documents to the contrary, Sublessee reserves all rights to
use the Premises and the Building in accordance with the terms and provisions of the Lease should the Condominium dissolve or terminate for any reason, subject, however, to the terms and provisions of the PDA Non-Disturbance Agreement. 

(e) For purposes of clarification, the parties acknowledge and agree that the term “Lot” as used throughout the Lease shall be defined to be
the Convertible Land Area legally described on Exhibit A attached hereto. The proposed boundaries and location of the unit and limited common areas to be leased by Sublessee upon completion of the Building and declaration of Unit #2 are shown
on the site plan entitled “Site Plan – Proposed Unit 2 Building and Limited Common Area, 200/180 International Drive Condominium, Salient Technologies, Inc., Lessee” dated April 16, 2008 and prepared by HTA Kimball Chase
Consulting Engineers. At such time as the Building and Common Facilities are constructed and completed in accordance with the terms of the Lease and the Condominium Documents have been amended declaring the Building as a unit of the Condominium,
Sublessor and Sublessee shall enter into an amendment to this Lease whereby the definition of the Premises shall be amended so that the Premises shall consist of such unit and the limited common areas appurtenant thereto, together with its undivided
percentage interest in the common areas and facilities of the Condominium, if any. 
  

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 4. Miscellaneous. 
 (a) This First Amendment is the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and
contemporaneous oral and written agreements and discussions. This First Amendment may be amended only by an agreement in writing, signed by the parties hereto. 
 (b) This First Amendment is binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. 
 (c) This First Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument. 
 (d) Except as amended and/or modified by this First Amendment, the Lease is hereby ratified and confirmed and all other terms of the Lease shall remain
in full force and effect, unaltered and unchanged by this First Amendment. In furtherance but not in limitation of the foregoing, the parties acknowledge and agree that Section 3 of this First Amendment is intended to further supplement and
implement the terms and provisions of Section 1.2 of the Lease regarding the establishment of the Condominium and the rights and obligations of the parties with respect thereto. In the event of any conflict between the provisions of this First
Amendment and the provisions of the Lease, the provisions of this First Amendment shall prevail. Whether or not specifically amended by this First Amendment, all of the terms and provisions of the Lease are hereby amended to the extent necessary to
give effect to the purpose and intent of this First Amendment. 
 (Signatures on Next Page) 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment as of the day and year first
above written. 
  

			
	SUBLESSEE:
	
	 SALIENT SURGICAL TECHNOLOGIES, INC.,
 a
Delaware corporation

		
	By:	 	 /s/ Tad Vaughn

		
	Its:	 	 VP Operations

	
	SUBLESSOR:
	
	 200 INTERNATIONAL LIMITED PARTNERSHIP
 a
Delaware limited partnership

	
	 By: 200 INTERNATIONAL, LLC
 a Delaware
limited liability company

		
	By:	 	 /s/ Cyrus W. Gregg

		 	Cyrus W. Gregg, Co-Manager
		
	By:	 	 /s/ Daniel L. Plummer

		 	Daniel L. Plummer, Co-Manager

 PDA Consent. 
 Ground Lessor hereby acknowledges and consents to all of the terms and provisions of the Lease, as amended by this First Amendment. 
  

			
	GROUND LESSOR:
	
	PEASE DEVELOPMENT AUTHORITY
		
	By:	 	 /s/ Illegible

		
	Its:	 	 Exec. Director

 EXHIBIT A TO FIRST AMENDMENT 
 Description of Premises 
 A certain tract or parcel of land situated in
the City of Portsmouth, County of Rockingham and State of New Hampshire, and bounded and described as follows: 
 Beginning at a point at the
southwesterly corner of the within described premises; thence N 31o 30’ 06” W for a distance of 371.69 feet to a point; thence along a curve with a radius of 50 feet and a length of 59.74 feet to a point; thence N 31o 30’
06” W for a distance of 93.38 feet to a point; thence N 49o 16’ 11” E for a distance of 814.18 feet to a point; thence along a curve with a radius of 1550 feet and a length of 719.41 feet to a point; thence S 15o 13’
33” E for a distance of 55.88 feet to a point; thence along a curve with a radius of 750 feet and a length of 474.76 feet to a point; thence N 59o 16’ 51” W for a distance of 112.14 feet to a point; thence N 31o 55’
52” E for a distance of 24.04 feet to a point; thence N 56o 29’ 10” W for a distance of 379.13 feet to a point; thence N 88o 59’ 38” W for a distance of 84.33 feet to a point; thence S 58o 29’ 54” W
for a distance of 98.41 feet to a point; thence S 58o 29’ 54” W for a distance of 126.66 feet to the point of beginning. 
 Meaning and intending to describe a 14.35 +/- acre area identified as “Convertible Land” on a plan entitled “Condominium Site Plan/Floor Plan Unit #1 and Convertible Land 200/180 International Drive”, recorded at the
Rockingham County Registry of Deeds. 
 The above description is subject to the provisions of Paragraph 1.6 of the Mortgage entitled
Condominium Matters and subject to the provisions of an “Amendment to Leasehold Mortgage, Security Agreement and Financing Statement and Amendment to Assignment of Leases and Rents”, between 200 International Limited Partnership and RBS
Citizens, National Association recorded in the Rockingham County Registry of Deeds at Book 4919, Page 0438. 

 EXHIBIT B TO FIRST AMENDMENT 
 Condominium Documents 

 200/180 INTERNATIONAL DRIVE CONDOMINIUM 
 DECLARATION 
 200
INTERNATIONAL, LIMITED PARTNERSHIP, a Delaware Limited Partnership with a mailing address of One New Hampshire Avenue, Suite 101, Portsmouth, NH 03801 (hereinafter with its successors and assigns, referred to as the “Declarant”), does
hereby declare: 
 SUBMISSION OF PROPERTY. The Declarant hereby submits its leasehold interest in the land located in
Portsmouth, Rockingham County, New Hampshire and more particularly described in Exhibit A attached hereto (hereinafter referred to as the “Land”), all improvements heretofore or hereafter constructed thereon, and all easements, rights and
appurtenances thereto described in Exhibit A (hereinafter, together with the Land, referred to as the “Property”) to the provisions of the Condominium Act of the State of New Hampshire, Chapter 356-B of the Revised Statutes Annotated
(hereinafter referred to as the “Act” or the “Condominium Act”), in order to create a condominium with respect to the Property for a term of years ending on the Termination Date (as hereinafter defined). 
 ARTICLE I 
 DEFINITIONS

 1. As provided in Section 12 I of the Condominium Act, capitalized terms used herein and not otherwise defined herein,
or in the By-laws attached hereto as Exhibit B, shall have the meanings ascribed to them in Section 3 of the Condominium Act. The following terms are expressly defined herein: 
 (a) “Building” means the existing building (Unit #1) and any buildings hereafter constructed within the Convertible Land Area and
declared as units or buildings containing units hereunder. 
 (b) “Bylaws” means the Bylaws providing for the self
government of the condominium attached hereto as Exhibit B, as amended from time to time. 
 (c) “Common Area” means all
parts of the Property other than the Units, as more fully set forth in Section 2(e) of this Declaration, and includes the Limited Common Area. 
 (d) “Condominium” means the 200/180 INTERNATIONAL DRIVE CONDOMINIUM, the condominium established by this Declaration. 
 (e) “Condominium Act” means Chapter 356-B of the New Hampshire Revised Statutes Annotated, as amended. 
 (f)
“Convertible Land” means the portion of the Land described on Exhibit A-2 hereto. 
  

 (g) “Land” means the Land described on Exhibit A hereto. 
 (h) “Lease” or “Sublease” means the Sublease between the PDA, as Sublessor, and the Declarant, as Sublessee, executed and
effective as of April 5, 2001, as assigned to the Declarant by Assignment dated May 14, 2001, and as amended by an Amendment to Lease dated _____________, 2008, and as evidenced by a Notice of Lease recorded at the Rockingham County
Registry of Deeds at Book 3571, Page 1561 as amended by “Updated Notice of Lease” recorded at the Rockingham County Registry of Deeds at Book _____, Page _____. 
 (i) “Majority of the Owners” means the Owners of the Units owning more than fifty (50%) percent of the voting power based on the percentage of undivided interest in the Common Areas. 

(j) “Owner or Unit Owner” means any person or persons who holds or hold record title to a Unit. No mortgagee shall be deemed to be an
Owner until such mortgagee has acquired such title pursuant to foreclosure or any procedure in lieu of foreclosure. 
 (k)
“PDA” shall mean Pease Development Authority, an agency of the State of New Hampshire established pursuant to New Hampshire RSA Chapter 12-G. 
 (l) “Percentage Interest or Undivided Percentage Interest” means the percentage undivided interest of each Unit in the Common Area as set forth in ARTICLE III of this Declaration. 
 (m) “Property” means the Land and the Buildings, now or hereafter located thereon, and all other improvements heretofore or hereafter
constructed thereon and all easements, rights and appurtenances thereto and all articles of personal property intended for common use in connection therewith. 
 (n) “Registry” means the Rockingham County Registry of Deeds. 
 (o)
“Rules” means the Rules and Regulations adopted from time to time by the Board of Directors of the Unit Owners Association relative to the use of the Condominium, provided they are not in conflict with the Condominium Act, the
Declaration or the Bylaws. 
 (p) “Site Plan and Floor Plans” or “Plans” means the plat of the entire Property
described in this Declaration and all floor plans relative thereto, recorded simultaneously herewith or recorded subsequently pursuant to Section 20 III or Section 21 of the Condominium Act, and any updated or amended Site Plan or Floor
Plans required under any Amendment to this Declaration. 
 (q) “Termination Date” means the expiration date of the base term
of the Sublease, or the expiration date of any extended term or additional term thereof; or the expiration date of any successor lease; or such other date as the Sublease may actually terminate by agreement or otherwise. 
 (r) “Unit” means a Unit as defined by the Condominium Act which is bounded and described as shown on the Plans and as described in
ARTICLE II (d) below. 
  

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 (s) “Unit Owners Association” or “Association” means all of the Owners acting
as a group in accordance with this Declaration and/or the Bylaws. 
 (t) “Unrestricted Common Area” means all Common Area
other than any Limited Common Area. 
 ARTICLE II 
 STATUTORY REQUIREMENTS 
 The following information is provided pursuant to the provisions of
Section 16 of the Condominium Act: 
 (a) Name. The name of the Condominium is the “200/180 INTERNATIONAL DRIVE
CONDOMINIUM”. 
 (b) Location. The Condominium is located at 200/180 International Drive, Pease International Tradeport in the
City of Portsmouth, Rockingham County, New Hampshire. 
 (c) Description of Land. A legal description by metes and bounds of the Land
submitted to the Condominium is contained in Exhibit A hereto. 
 (d) Description of Units. 
 (i) Building. The Condominium initially includes one building known as Unit #1, which has been constructed on the Land. The
location and dimensions of the initial Building are as shown on the Plans. 
 (ii) Unit. The initial Unit and each
Unit subsequently created shall be held as a leasehold condominium unit and may be retained, occupied, conveyed, transferred, encumbered, inherited or devised in the same manner as any other parcel of real property independent of any other Unit,
subject to the terms of the Lease and the provisions of this Declaration. Exhibit C hereto (as amended from time to time) shall include a list of the existing Units, the identifying number and Unit designation. 
 (iii) Unit Boundaries. The Boundaries of the initial Unit created pursuant to this Declaration and the boundaries of Unit #2 once
constructed shall consist of: 
 (a) Upper and Lower Horizontal Boundaries: The upper and lower boundaries shall be the
following boundaries extended to an intersection with the vertical boundaries: 
 (x) Upper Boundary: The horizontal plane
of the roof’s uppermost surface (including the uppermost surface of the fixtures attached thereto); 
 (y) Lower
Boundary: The horizontal plane of the lowermost surface of the concrete slab beneath the Building immediately 

  

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above the surface of the Land. 
 (b) Vertical Boundaries: The vertical boundaries of the initial Unit shall be the vertical plane along the outermost exterior finished surface of the outside walls or other features (including all windows, doors, canopies, columns,
projections, overhangs and the like). 
 (e) Description of Common Area 
 (i) The Common Area consists of all areas and improvements that are not included within or defined as part of the Units, including,
without limitation, the entrance road as shown on the Plans, the water supply, sewage disposal, electrical, telephone and any of the utility systems serving the Condominium to the extent that such systems are located within the Property and are not
owned by the supplier of the utility service (excluding, however, any portions thereof contained within and serving a single Unit). Common Area shall also include all other parts of the Condominium, including personal property acquired by the
Association, necessary or convenient to its existence, maintenance and safety or normally in common use, and including any easements serving the Property, but excluding easements contained within a Unit or Limited Common Area exclusively reserved
for a particular Unit. 
 Description of Limited Common Areas 
 (ii) The Limited Common Areas shall consist of all portions of the Common Areas identified and designated as Limited Common Areas on the
Plans with respect to Unit #1 as described in Exhibit A-1, and shall include without limitation the land area within each Limited Common Area which includes the parking area, sidewalks, landscaping, electrical, telephone, utilities, sewer or other
improvements or facilities servicing the Building or Unit to which the Limited Common Area is appurtenant. The allocation of the Limited Common Area to each Building or Unit cannot be altered without the consent of all Unit owners or lessees of a
Unit to which the Limited Common Area is appurtenant. The Declarant reserves the right to declare additional Limited Common Areas within the Convertible Land appurtenant to any units or buildings declared with the Convertible Land which Limited
Common Area shall be delineated on an updated Site Plan and described in the Amendment(s) which declares the additional Unit(s) and additional Limited Common Areas within the Convertible Land. 
 (iii) Use and Maintenance. The use of the Common Area shall be limited to the Owners and to their tenants and to their respective
guests, employees, invitees and licensees. The use of each Limited Common Area shall be further restricted to the Owner of the Unit to which it is appurtenant, to its tenants and to its guests, invitees and licensees. The use, including the
maintenance, repair and replacement of any Limited Common Area shall be the responsibility of the owner of the Unit to which the Limited Common Area has been assigned, and is appurtenant to the Limited Common Area and all costs related thereto shall
be borne by that Unit Owner. 
 (f) Statement of Purpose and Restriction on Use. The use and occupancy of each of 

  

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the Units shall be subject to the following restrictions: 
 (i) No Unit shall be used for residential purposes. 
 (ii) The uses of each Unit shall be as
allowed under the Lease. No Unit shall be used for any other purpose, unless expressly permitted by the terms of this Declaration or the Bylaws or the Rules; provided, however, that notwithstanding the foregoing, nothing in this Declaration or the
Bylaws shall be construed to prohibit the Declarant from exercising any easements reserved by the Declarant pursuant to this Declaration for purposes including promotional, marketing or display, from using any appropriate portion of the Unrestricted
Common Area for exercising these reserved rights, or from leasing Units owned by the Declarant as provided for in this Declaration. 
 (iii) Nothing shall be done or kept in any Unit or in the Common Area which will violate any term or provision of the Lease. No Unit Owner shall permit anything to be done or kept in its Unit or in Common Area which will result in the
cancellation of the Lease or of any insurance policy on the Property or any part thereof, or which would be in violation of any law, ordinance, regulation, or administrative ruling. No waste will be committed on the Common Area. 
 (iv) No Unit shall be used so as to create a nuisance or an unreasonable interference with the peaceful possession and occupation or
proper use of any other Unit or the Unrestricted Common Area or the Limited Common Area appurtenant to any other Unit. 
 (v)
No Owner or occupant of any Unit shall carry on, or permit to be carried on, any practice which unreasonably interferes with the quiet enjoyment and proper use of another Unit, the Limited Common Area appurtenant to such Unit or the Unrestricted
Common Area by the Owner or occupant of any other Unit, or which creates a result in hazard or nuisance on the Property. 
 (vi) No Unit shall be used for any purpose or in any manner which would violate the Lease between the Declarant and the PDA or be in violation of any federal, state or municipal law or regulation or which is inconsistent with the
Certificate of Occupancy issued by the City of Portsmouth for such Unit. 
 The above sub-paragraphs (iv) and (v) shall not apply
to Unit #2 or to any Unit which consists of an entire building and that is leased to any third party. In such cases the restrictions on use shall be as specified in the lease between the Owner of that Unit and the lessee of that Unit. 
 (g) Lease of Units Owned by Declarant. The Declarant retains and reserves the right, free and clear and not subject to the restrictions contained
in the foregoing sections, but subject to the terms and provisions of the Lease, to enter into leases with any persons for the occupancy of any of the Units owned by the Declarant. 
 (h) Leasehold Condominium. The Condominium is a leasehold Condominium subject to the Sublease. The Sublease is due to expire January 8, 2032,
with the right of the 

  

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Sublessee to renew the lease for five additional 5 year periods. No Unit Owner will own any unit or land in fee simple and no Unit Owner shall have the right
to remove any improvements after the expiration of the term of the Sublease, and no Unit Owner shall have a right to redeem the reversionary interest in the land. 
 (i) “Lease Payments” The Owner of Unit #1 shall be initially responsible for the payment of all rent and other payments due under the Lease. Upon the completion of Unit #2, and any additional Unit,
the owner of Unit #1 and Unit #2, and any additional Units shall be responsible for their share of the rent and other payments due under the Lease based upon their respective interests in the Common Areas, as set forth under ARTICLE III of this
Declaration. In the event that any Building shall become a multi unit building, each Unit owner therein shall be responsible for their respective share of the rent and other payments based on their respective interests in the Common Areas as set
forth in ARTICLE III. All such payments shall be made through the Association which shall be responsible for the payment and collection of the Lease Payments. 
 (j) Development Plan 
 The Condominium shall initially consist of one Unit, known as the 200
International Drive building (Unit #1). 
 The Declarant intends to construct a second Building (Unit #2) and to assign Limited Common Area
for such building Unit, within the Convertible Land to be completed within approximately one year from the date hereof, and to amend this Declaration and Site Plans to include that second Building as Unit #2. 
 For the purposes of the Condominium Act, the Site Plan shall serve as the Floor Plan for Unit #1. 
 Upon the completion of Unit #2 or any future Building or addition to any Building, the Declarant shall record an As Built Site Plan and Floor Plan
depicting the location of and dimensions of the Building or addition, including the elevations of the Building or addition, and any Limited Common Area appurtenant to such building or addition and all such plans shall contain the certification of an
architect or engineer which shall comply with the provisions of the Condominium Act. 
 The Declarant shall also record an Amendment to the
Declaration, declaring Unit #2 and its Limited Common Area. 
 For the purposes of mortgage financing, the Declarant is authorized to subject
Unit #1 to a mortgage and subject the portion of the Convertible Land to be used with Unit #2 a separate construction mortgage. Upon the completion of Unit #2, the Declarant is authorized to subject Unit #2 to a separate mortgage leaving the then
remaining Convertible Land available for further development and the creation of one (1) or more additional Units. 
 (k)
Declarant’s Rights to Convert and Subdivide Units. 
 The Declarant may determine to convert any Unit into multiple Units.
Therefore, 

  

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pursuant to Sections 23 and 32, of the Condominium Act but subject to the terms of any lease of an entire Building Unit, the Declarant hereby reserves the
right, at any time, and from time to time to subdivide any Unit and to convert any Unit into additional Units, so long as the Declarant shall own such Unit or subdivided Unit. The Declarant may at any time assign, transfer or convey any or all of
its reserved rights under this Section (j) to any one or more assignees or successors of the Declarant. The Declarant’s rights to convert or subdivide shall include the right to reconfigure interior layouts, remove walls and partitions,
designate and assign Limited Common Areas. 
 The rights reserved in this Section (j) with respect to the subdivision of Units shall
inure to the benefit of the Owners of any Units created by the subdivision of said Unit, and said resulting Units may subsequently be subdivided by the Owner or Owners thereof. Any Unit resulting from the subdivision of any Unit may also be
subsequently subdivided pursuant to the provisions of Section 32 of the Condominium Act. Any such subdivision of Units shall be completed by the recording of an amendment to this Declaration as provided in Section 24 or Section 32 of
the Condominium Act, whichever is applicable, without the consent of any other Unit Owner or Mortgagee, and, by the acceptance of a unit deed, each Unit Owner expressly and irrevocably authorizes any such amendment. Any such amendment shall include
a revised Exhibit C, re-allocating the percentage interest assigned to the newly created Units according to their respective square foot area as provided in ARTICLE III. 
 ARTICLE III 
 PERCENTAGE OF UNDIVIDED INTEREST IN THE 
 COMMON AREAS AND FACILITIES 
 (a) Each Unit, which consists of an entire building, shall have an undivided interest in the Unrestricted Common Areas (other than the Limited Common Areas appurtenant to each Unit), based upon the following fraction. 
 Actual square footage of each Building 
 calculated using Measurement Method 
  
 Actual square footage of all Buildings 
 calculated using the Measurement Method 
 The Measurement Method shall mean the gross floor area of the Building, including interior partitions measured from the inside face of the exterior walls
of the Building, but excluding any warehouse space, the area of the exterior walls, exterior columns, overhangs, landscaping, sidewalks, paving, exterior staircases, patios and all other exterior floor area of the Building. 
 (b) Unit area of the Building which shall not consist of the entire Building but which shall be part of a Building, shall have an undivided interest in
the common areas and facilities allocated to such Building based upon the following fraction: 
 Interior square Feet of Each Unit 

  

 7 

 Total number of interior square feet of all Units in the building 
 Using the Measurement Method 
 ARTICLE IV

 CONVERTIBLE LAND PROVISIONS 
 The Declarant hereby expressly reserves the right, to be exercised in its sole discretion, to convert all or a portion of the Convertible Land from time to time, which right shall be effected by the recording of a
site plan in accordance with Section 20 (iii) of the Condominium Act and an amendment to this Declaration executed by the Declarant in the manner provided for herein, adding the Convertible Land or the applicable portion thereof to the
Submitted Land, and which rights shall be subject to the following: 
 (a) Limitations on Option. There are no limitations on the
option to convert the Convertible Land except as provided in this ARTICLE IV or in the Condominium Act. No consent of any Unit Owner or mortgagee of a Unit Owner shall be required in connection with the exercise of such option by Declarant.

 (b) Time Limit. The option to convert the Convertible Land shall expire on the fifth (5th) anniversary of the recording of
this Declaration or at such prior time as the Declarant shall record an amendment hereto expressly termination such option. 
 (c) Legal
Description. A legal description by metes and bounds of the Convertible Land is set forth on Exhibit A-2 hereto. 
 (d) Portions of
Convertible Land. If only a portion of the Convertible Land is converted, there is no requirement that all of it or any particular portion be converted and there are no limitations as to what portions may be converted. 
 (e) Portions at Different Times. Portions of the Convertible Land may be converted at different times in any order, subject only to the
limitations provided in this ARTICLE IV or in the Condominium Act. At the time that any such portion is converted, the boundaries of such portions shall be fixed by a legal description setting forth the metes and bounds thereof. There are no other
limitations as to what portions may be converted or concerning the fixing of boundaries of those portions. 
 (f) Location of
Improvements. The Declarant makes no assurances as to the location of any improvements that may be made on any portion of the Convertible Land. 
 (g) Maximum Number of Units. A maximum of fifty (50) additional Units may be created within the Convertible Land. 
 (h)
Use Restriction. All Units created on the Convertible Land shall be restricted to the uses permitted pursuant to this Declaration. 
 (i) Compatibility. Any structure erected on any portion of the Convertible Land submitted to the condominium will be compatible with structures serving a like purpose on the 

  

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submitted land in terms of quality of construction, the principal materials to be used and the architectural style except that an additional Unit style or
type may be utilized. 
 (j) Other Improvements. No assurances are made with regard to other improvements which may be created on any
portion of the Convertible Land. 
 (k) Limited Common Area. The Declarant shall have the right, exercisable in its discretion, to
create Limited Common Area within any portion of the Convertible Land, and to designate Common Area therein which may subsequently be assigned as Limited Common Area. 
 (l) Percentage Interest. The allocation of Percentage Interest in the Convertible Land shall be calculated in accordance with ARTICLE III of this Declaration. 
 ARTICLE V 
 EASEMENTS
— MULTI UNIT BUILDINGS 
 (a) Easements for Structural Encroachments. None of the rights and obligations of the Owners
created herein or in any deed conveying a Unit from the Declarant to a purchaser thereof, shall be altered in any way by encroachments as a result of construction of any structures or due to settling for the maintenance of such encroachments so long
as they shall exist; provided, however, that in no event shall a valid easement for encroachment be created in favor of an Owner or Owners if such encroachment occurred due to the willful conduct of such Owner or Owners. 
 (b) Pipes, Ducts, Cables, Wires, Conduits, Public Utility Lines and Other Common Area Located Inside of Units; Support. Each Unit Owner shall
within a multi unit building have an easement in common with the Owners of all other Units in such multi-unit Building to use all pipes, ducts, cables, wires, conduits, public utility lines and other Common Area located in any of the other Units and
serving his Unit. Each such Unit shall be subject to an easement in favor of the Owners of all other Units in such multi-unit Building to use the pipes, ducts, cables, wires, conduits, public utility lines and other Common Area serving such other
Units and located in such Unit. The Board of Directors shall have a right of access into each Unit to inspect such Unit, to remove violations and to maintain, repair or replace the Unrestricted Common Area appurtenant thereto. 
 ARTICLE VI 
 OWNERS
SUBJECT TO DECLARATION, 
 BYLAWS, RULES AND THE LEASE 
 (a) Declaration, Bylaws and Lease. All present and future Owners, tenants or occupants of a Unit or any other person who might use the facilities
of the Property in any manner, are subject to the provisions of this Declaration, the Bylaws, the Rules and the Lease. The acceptance or entering into occupancy of any Unit shall constitute an agreement that the provisions of this Declaration, the
Bylaws and the Rules, as they may be lawfully amended from time to time, and the Lease, are accepted and ratified by such Owner, tenant or occupant, and all 

  

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of such provisions shall be deemed and taken to be enforceable servitudes and covenants running with the Land and shall bind any person having at any time
any interest or estate in such Unit, as though such provisions were recited and stipulated at length in each and every deed of conveyance or lease thereof. 
 (b) Condominium Subject to Easements for Ingress and Egress, Parking and Use. Subject to the provisions of this Declaration, the Bylaws and the Condominium Act, each Unit Owner shall have an easement in common
with the other Unit Owners for ingress and egress through and use and enjoyment of all Unrestricted Common Areas but not the Limited Common Areas except in multi unit buildings containing Limited Common Areas within the building or appurtenant to
the building which serve as access to any unit within such multi-unit Building, including, without limitation, an easement for parking in designated parking if any within the Unrestricted Common area, (but not the parking designated as Limited
Common Area. Each Unit shall be subject to an easement for ingress and egress through and use and enjoyment of all Unrestricted Common Area by persons lawfully using or entitled to the same. 
 (c) Reservation of Utility Easements. The Declarant reserves on behalf of itself, its successors and assigns, perpetual easements for the
installation, construction, reconstruction, maintenance, repair, operation and inspection of all utility services necessary or desirable in connection with the operation of the Condominium, including water, sewage disposal, telephone, gas, and
electrical systems, all for the benefit of the Owners of the Condominium, which reservation includes the right to convey such easements directly to suppliers and distributors of such utility easements. This reservation shall only apply to
Unrestricted Common Areas and shall not be applicable to Units or Limited Common Areas without the consent of the owner of the Unit to which the Limited Common Area has been assigned. 
 ARTICLE VII 
 MAINTENANCE, ALTERATION AND IMPROVEMENT

 The responsibility for the maintenance of the Condominium Property, and restrictions upon the alteration and improvements thereof
shall be as follows: 
 (a) By the Association. The Association shall maintain, repair and replace: 
 (i) All portions of the Unrestricted Common Area, not included within a Unit. All such repair shall be at the Association’s expense
except as hereinafter set forth. 
 (ii) All conduits, ducts, plumbing, wiring and other facilities for the furnishing of
utility services which are maintained by the Association, and all such facilities contained within a Unit which service part or parts of the Condominium other than the Unit within which contained. 
 (iii) All incidental damage caused to a Unit by such work shall be promptly repaired at the expense of the Association. 
 (b) By the Unit Owner. The responsibility of the Unit Owner shall be as follows: 
  

 10 

 (i) To maintain, repair and replace at its expense all portions of its Unit together with
the Limited Common Area appurtenant thereto and to repair windows, exterior doors, and any other property damaged or destroyed through the acts of the Unit Owner. Such shall be done without disturbing the rights of other Unit Owners, if any.

 (ii) To promptly report to the Association any defect or need for repairs the responsibility for the remedying of which is
that of the Association. 
 (iii) To provide access at all reasonable times to the Condominium Association or its duly
authorized agent for the purposes of maintaining and/or repairing Common Areas. 
 (c) Unit, Alteration and Its Improvement. Each Unit
Owner shall have the right to make any alterations to their Unit and the Limited Common Areas appurtenant thereto or remove any portion thereof, or make any additions thereto, without obtaining the approval of the other Unit Owners or the approval
of the Board of Directors of the Association. A copy of plans for all such work prepared by an architect licensed to practice in this State shall be filed with the Association prior to the start of the work. Provided however, that a lessee of a
single unit building shall have such rights to alter or add to its unit or appurtenant Limited Common Area as shall be provided in the lessee’s lease, without the consent of the other Unit Owners or the Association. 
 (d) Common Areas and Limited Common Areas; Alteration and Improvements. After completion of the improvements included in the Common Areas as
defined under ARTICLE II, Section (e) which are contemplated by this Declaration, there shall be no alteration nor further improvement of the Unrestricted Common Areas without prior approval in writing by the Unit Owners holding a majority of
the undivided interests in the Common Area. 
 ARTICLE VIII 
 ASSESSMENTS 
 The making and collection of assessments against the Unit
Owners for common expenses shall be pursuant to the Bylaws and subject to the following provisions: 
 (a) Common Expenses. Each Unit
Owner (but not any Lessee of a unit unless specified in the Lease for such unit), shall be liable for a proportionate share of the common expenses and shall share in the common surplus, such shares being the same as the undivided share in the Common
Area which is appurtenant to the Unit owned by it. 
 (b) Interest; Application of Payments. Assessments and installments paid on or
before ten (10) days after the date when due shall not bear interest, but all sums not paid on or before ten (10) days after the date when due, shall bear interest at the rate of one and one-half (1.5%) percent per month (18% per
annum) from the date when due until paid. All payments upon account shall be first applied to interest and then to the assessment. 
 (c)
Lien for Assessment. The lien for unpaid assessments as provided in Section 46 of the Condominium Act shall also secure reasonable attorney’s fees incurred by the Association 

  

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incident to the collection of such assessment in the enforcement of such lien. 
 ARTICLE IX 
 ASSOCIATION 
 The operation of the Condominium Association shall be by an unincorporated association which shall be organized and shall fulfill its functions pursuant
to the following provisions: 
 (a) Name. The name of the Association shall be “200/180 International Drive Condominium
Association.” 
 (b) The Association. The Association shall have all of the powers and duties as set forth in The Condominium Act
except as limited by this Declaration and Bylaws, and all of the powers and duties reasonably necessary to operate the Condominium as set forth in this Declaration and Bylaws and as they may be amended from time to time. Provided, however, the power
of the Association acting through its Board of Directors, to purchase a Unit of the Condominium shall be limited to the purchase at involuntary sales and foreclosures of Units for unpaid assessments for common expenses at which sale the Association
shall bid no more than prior recorded liens and encumbrances, plus the amount secured by its lien, or such other amount as may be required under any applicable law or New Hampshire Supreme Court decisions. 
 (c) Membership in the Association. 
 (i) Qualification. The members of the Association shall consist of all the record owners of the Units. 
 (ii) Change of Membership. Change of membership in the Association shall be established by recording in the Registry, a deed establishing record title to a Unit in the Condominium. The buyer shall deliver to
the Board of Directors of the Association a photocopy of the deed showing the book, page and time of the recording of the deed in the Registry. The Board of Directors shall keep such photocopy on file as evidence of the grantee’s membership in
the Association for all purposes, rights, and obligations as set forth in this Declaration and Bylaws. The Owner designated by such instrument shall thereby become a member of the Association. At such time, the membership of the prior Owner shall be
thereby terminated. 
 (iii) Voting Rights. A Unit Owner or Owners, including the Owners of subdivided Units, shall be
entitled to cast a vote per Unit and the weight of such voted shall be calculated based upon the percentage interest of the Unit Owner in the Common Areas as described under ARTICLE III. In the event that there is more than one record Owner of any
Unit, any of such persons may attend any meeting of the Association, but it shall be necessary for those present to act unanimously in order to cast the vote to which they are entitled. The Declarant shall be entitled to vote with respect to any
Unit owned by the Declarant. 
  

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 (iv) Restraint Upon Assignment of Shares in the Association. The share of a member
in the funds and assets of the Association cannot be assigned, hypothecated or transferred in any manner except as an appurtenance to its Unit. 
 (d) Board of Directors. The affairs of the Association shall be conducted by a Board of Directors who shall be designated in the manner provided in the Bylaws. 
 (e) Indemnification. Every director and every officer of the Association shall be indemnified by the Association against all expenses and
liabilities, including counsel fees, reasonably incurred or imposed upon him in connection with any proceeding to which he may be a party or in which he may become involved, by reason of his being or having been a director or officer of the
Association, or any settlement thereof, whether or not he is a director or officer at such time the expenses are incurred, except in such cases wherein the director or officer is adjudged guilty of willful misfeasance or malfeasance in the
performance of his duties; provided that in the event of a settlement the indemnification herein shall apply only when the Board of Directors approves such settlement and reimbursement as being in the best interest of the Association. The foregoing
rights of indemnification shall be in addition to and not exclusive of all other rights to which such director or officer may be entitled. 
 (f) Limitation Upon Liability of the Association. Notwithstanding the duty of the Association to maintain and repair parts of the Condominium Property, the Association shall not be liable to any person other than the PDA for injury
or damage, other than the cost of maintenance and repair, caused by any latent condition of the Property to be maintained and repaired by the Association. 
 (g) Bylaws. The Bylaws of the Association shall be in the form attached hereto as Exhibit B. 
 (h)
Property and Trust. All funds and title to all properties acquired by the Association and the proceeds thereof shall be held in trust for the membership in accordance with the provisions of this Declaration and the Bylaws. 
 ARTICLE X 
 RECONSTRUCTION
OR REPAIR OF THE UNITS AND COMMON AREAS AFTER 
 CASUALTY AND VOTING REQUIREMENTS IN THE EVENT OF DAMAGE OR 

DESTRUCTION. 
 (a)
Reconstruction or Repair. If any of the Unrestricted Common Area shall be damaged by casualty, the damaged property shall be reconstructed or repaired subject to the provisions of this Declaration and the Lease. 
 (b) Plans and Specifications. Any reconstruction or repair of a Unit must be substantially in accordance with the plans and specifications for the
original Unit in regard to exterior appearance, size, dimensions, and all portions of Common Areas shall be substantially restored to the condition existing immediately prior to such damage or destruction; if not then according to plans and
specifications approved by the Board of Directors of the Association and the PDA. 
  

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 (c) Responsibility. If the damage is only to those parts of a Unit or Limited Common Area for
which the responsibility of maintenance and repair is that of the Unit Owner, then the Unit Owner shall be responsible for and pay the cost of such reconstruction and repair after casualty (with proceeds of insurance made available by the
Association and from its own funds). In all other instances, the responsibility and cost of such reconstruction and repair after casualty shall be that of the Association. 
 (d) Estimate of Costs. Immediately after determination to rebuild or repair damaged property for which the Association has the responsibility of
reconstruction and repair, the Association shall obtain reliable and detailed estimates of the cost to rebuild or repair. 
 (e)
Assessments. If the proceeds of insurance are not sufficient to defray the estimated cost of reconstruction and repair of the Unrestricted Common Area, or upon completion of reconstruction and repair, the funds for the payment of the cost
thereof are insufficient, assessments shall be made against all Unit Owners in sufficient amount to provide funds for the payment of such cost. Such assessments on account of damage to Unrestricted Common Areas shall be in proportion to the
Owner’s share of the Unrestricted Common Areas. 
 (f) Construction Funds. The funds for payment of costs of reconstruction and
repair for which the Association has responsibility after casualty, which shall consist of proceeds of insurance held by the Association or by the Insurance Trustee appointed by the Association and funds collected by the association from assessments
against Unit Owners shall be disbursed in payment of such costs in the manner provided for in the Lease or, at the election of the PDA, in the following manner: 
 (i) If the insurance proceeds and the total assessments made by the Association in order to provide funds for payment of costs of
reconstruction and repair which is the responsibility of the Association is more than Ten Thousand ($10,000.00) Dollars, then the sum shall be paid by the Association to an individual in trust, and that individual shall be appointed by the
Association for this specific purpose and shall be known as the “Insurance Trustee.” In all other cases, the Association shall hold the sums paid upon such assessments and disburse the same in payment of costs of reconstruction and repair.

 (ii) The proceeds of insurance collected on account of casualty and the sums collected from Unit Owners as assessments on
account of casualty shall constitute a construction fund from which the Association of the Insurance Trustee, as the case may be, shall disburse in payment for costs of reconstruction or repair in the following manner: 
 A. The portion of insurance proceeds representing damage for which the responsibility of reconstruction and repair lies with a Unit Owner
shall be paid by the Association or the Insurance Trustee, as the case may be, to the Unit Owner, or if there is a mortgagee endorsement as to that Unit, then to the Unit Owner and the mortgagee, jointly. 
 B. If the amount of the estimated costs of reconstruction and repair 

  

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which is the responsibility of the Association is less than Ten Thousand ($10,000.00) Dollars, then the construction fund shall be disbursed in payment of
such costs upon the order of the Association; provided, however, that upon request by a mortgagee which is the loss payee of an insurance policy, the proceeds of which are included in the construction fund, such funds shall be disbursed in the
manner hereinafter provided for the reconstruction and repair of damage in excess of Ten Thousand ($10,000.00) Dollars. 
 C.
If the amount of the estimated costs of reconstruction and repair which is the responsibility of the Association is more than Ten Thousand ($10,000.00) Dollars, then the construction fund shall be disbursed by the Insurance Trustee in payment of
such costs in the manner required by the Board of Directors of the Association and upon approval of an architect qualified to practice in the State of New Hampshire and employed by the Association to supervise the work and upon approval of any
mortgagee requesting notice of such payments. 
 D. Surplus. It shall be presumed that the first moneys distributed in
payment of the costs of reconstruction and repair shall be from the insurance proceeds. If there is a balance in the construction fund after payment of all costs of reconstruction and repair for which the fund was established, such balance shall be
distributed to the beneficial owners of the funds in the proportion in which they contributed or distributed as provided under the insurance policy, contract or insurance company directive. 
 E. Certificate. Notwithstanding the provisions herein, the Insurance Trustee shall not be required to determine whether or not
sums paid by the Unit Owners upon assessment shall be deposited by the Association with the Insurance Trustee, nor to determine whether disbursements from the construction fund are to be upon the order of the Association or an architect or
otherwise, nor to determine whether a disbursement is to be made from the construction fund nor to determine the payee nor the amount to be paid, nor to determine whether surplus funds to be distributed are less than the assessment paid by the
Owner. Instead, the Insurance Trustee may rely upon a certificate of the Association made by its president and secretary as to any or all such matters and stating the payee and the amount to be paid; provided, that when a mortgagee is herein
required to be named as payee, the Insurance Trustee shall also name the mortgagee as payee; and further provided that when the Association, or a mortgage which is the loss payee of an insurance policy, the proceeds of which are included in the
construction fund, so requires, the approval of an architect named by the Association shall be first obtained by the Association. 
 ARTICLE XI 
 INSURANCE 
 Notwithstanding anything herein to the contrary, the Association and each Unit Owner shall maintain the insurance coverage’s required to be in compliance with the Lease. 
 (a) By The Unit Owners Association. 
  

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 (i) Unless otherwise carried by the Unit Owners in the case of a single unit building,
the Board of Directors of the Unit Owners’ Association shall obtain and maintain the coverage required under the Lease and such other policies as may be determined by the Board of Directors or required under Section 43 of the Condominium
Act. 
 (ii) When any policy of insurance has been obtained by or on behalf of the Unit Owners’ Association, written
notice of the obtainment thereof and of any subsequent changes therein or termination thereof shall be promptly furnished to each Unit Owner by the officer required to send notices of meetings of the Unit Owners’ Association. Such notices shall
be sent in accordance with the provisions of Section 37 of the Condominium Act. 
 (iii) All policies shall be written
with a company licensed to do business in the State of New Hampshire. 
 (iv) Premiums upon insurance policies purchased by
the Board of Directors of the Association shall be paid by the Association as a common expense. 
 (v) Exclusive authority to
adjust losses under policies hereafter enforced shall be vested in the Board of Directors or its authorized representative. 
 (vi) In no event shall the insurance coverage obtained and maintained by the Board of Directors hereunder, be brought into contribution with insurance purchased by individual Owners for their mortgage. 
 (b) By the Unit Owner. 
 (i) Single Unit Buildings. Each owner of a single unit building shall carry such casualty insurance, public liability insurance and such other insurance required to be carried by such Unit Owner pursuant to the terms of the Lease for
such Unit. 
 (ii) Multi Unit Buildings. Each Unit Owner shall obtain and maintain the insurance coverage required by
the Bylaws and may obtain additional insurance at his own expense from the company issuing the Master Policy; provided, however, that no Unit Owner shall be entitled to exercise its right to maintain insurance coverages in such a way as to decrease
the amount which the Board of Directors, on behalf of all of the Owners may realize under any insurance policy which the Board of Directors may have in force on the Condominium at any particular time. 
 (iii) Each Unit Owner shall maintain his own insurance policy for his own benefit and at his own expense insuring all personal property
located in the Unit or any Limited Common Area, any floor coverings, free-standing appliances and other personal property not covered in the Master Policy, and all improvements to the Unit which exceed a total value of One Thousand ($1,000.00)
Dollars and which are not reported to the Board of Directors. 
 (iv) Except in the case of single unit buildings, each Owner
shall be required to 

  

 16 

 
notify the Board of Directors of all improvements made by the Owner to his Unit, the value of which is in excess of One Thousand ($1,000.00) Dollars.

 (v) Any Owner who obtains an individual insurance policy covering any portion of the project other than personal property
belonging to such Owner, shall be required to file (x) the original of such policy with the PDA as required by Section 7.2 of the Lease and (y) a copy of such policy or policies with the Board of Directors within thirty (30) days
of the issuance of such insurance. 
 (vi) The Board of Directors shall be required to make every effort to secure insurance
policies that will provide for the following: 
 A. A waiver of subrogation by the insurer as to any claims against the Board
of Directors, the Owners and their respective employees, agents and guests; 
 B. The Master Policy on the Condominium shall
not be canceled, invalidated, or suspended on account of the conduct of any one or more Unit Owners; 
 C. The Master Policy
on the Condominium shall not be canceled, invalidated, or suspended on account of the conduct of any officer or employee of the Board of Directors without a prior demand in writing that the Board of Directors cure the defect; 
 D. That any “no other insurance” clause in the Master Policy exclude Unit Owners’ policies from consideration. 

(vii) The annual insurance review which the Board of Directors is required to conduct as provided in the Bylaws shall include an
appraisal of the improvements in the Condominium by a representative of the insurance agent writing the Master Policy. 
 ARTICLE XII

 EMINENT DOMAIN 
 (a) If all or any portion of any Unit or all of any portion of the Common Area is taken by eminent domain, the award therefore shall be allocated to the PDA and to the Unit Owners in proportion to their respective undivided interests in the
Common Area, as provided in Article 16A of the Lease. 
 (b) If one or more Units are taken by eminent domain, the undivided interest in
the Common Area appertaining to any such Unit shall thenceforth appertain to the remaining Units, being allocated to them in proportion to their respective undivided interest in the Common Area. The court shall enter a decree reflecting the
reallocation of undivided interests produced thereby, and the award shall include, without limitation, just compensation to the Unit Owner of any Unit taken for its undivided interest in the Common Area as well as for its Unit. 
 (c) If portions of any Unit are taken by eminent domain, the court shall determine the fair market value of the portions of such Unit not taken and the
undivided interest in the 

  

 17 

 
Common Area appertaining to any such Units shall be reduced, in the case of each such Unit, in proportion to the diminution in the fair market value of such
Unit resulting from the taking. The portions of undivided interest in the Common Area thereby divested from the Unit Owners of any such Units shall be reallocated among those Units and the other Units in the Condominium in proportion to their
respective undivided interests in the Common Area, with any Units partially taken participating in such reallocation on the basis of their undivided interest as reduced in accordance with the preceding sentence. The court shall enter a decree
reflecting the reallocation of undivided interests produced thereby, and the award shall include, without limitation, just compensation to the Unit Owner of any Unit partially taken for that portion of its undivided interest in the Common Area
divested from him by operation of the first sentence of this paragraph and not re-vested in him as well as for that portion of its Unit taken by eminent domain. 
 (d) If, however, the taking of a portion of any Unit makes it impractical to use the remaining portion of that Unit for any lawful purpose permitted by the Condominium Instruments, then the entire undivided interest
in the Common Area appertaining to that Unit shall thenceforth appertain to the remaining Units, being allocated to them in proportion to their respective undivided interests in the Common Area, and the remaining portion of that Unit shall
thenceforth be Common Area. The court shall enter a decree reflecting the reallocation of undivided interests produced thereby, and the award shall include, without limitation, just compensation to the Unit Owner of such Unit for its entire
undivided interest in the Common Area and for its entire Unit. 
 (e) Votes in the Association, rights to future common profits, and
liabilities for future common expenses not specially assessed, appertaining to any Unit or Units taken or partially taken by eminent domain, shall thenceforth appertain to the remaining Units, being allocated to them in proportion to their relative
voting strength in the Association, with any Units partially taken participating in such reallocation as though their voting strength in the Association has been reduced in proportion to their reduction in their undivided interests in the Common
Area, and the decree of the court shall provide accordingly. 
 (f) The decree of the court shall be recorded in the Rockingham County
Registry of Deeds. 
 ARTICLE XIII 
 APPOINTMENT OF ATTORNEY-IN-FACT 
 In the event of damage to any portion of the Condominium, or
condemnation of all or any portion of the Condominium, or termination of the Condominium, the Association is hereby irrevocably appointed attorney-in-fact for each Owner and for each mortgagee in respect of a Unit and for each Owner of any other
interests in the Condominium to settle or litigate all claims arising under or out of any master casualty policy of insurance or otherwise resulting from such damage, and to execute and deliver releases upon the payment of claims; to settle or
litigate all claims for casualty and condemnation to Unrestricted Common Areas but not to the single unit building(s) or Limited Common Areas assigned to any such Unit, arising in connection with such condemnation, and to execute and deliver
releases upon the payment of such claims; and, in the 

  

 18 

 
event of termination, to settle or litigate all claims by or against the Association, liquidate all assets of the Association, and distribute the assets to
Unit Owners or otherwise as required by the Condominium Act or other applicable law. The proceeds of insurance or a condemnation award shall be payable and shall be paid to the Association as trustee for the benefit of the Unit Owners and any
mortgagees as their respective interests may appear. The procedure for reconstruction and repair in the event of a casualty is set forth in the Bylaws. 
 ARTICLE XIV 
 AMENDMENTS 
 This Declaration may be amended by an instrument in writing signed, acknowledged and recorded as provided in Section 34 of the Condominium Act, and
such amendment shall be effective upon recording in the Rockingham County Registry of Deeds, subject to the following: 
 (a) Notice.
Notice of the subject matter of a proposed amendment shall be included in the notice of any meeting at which the proposed amendment is to be considered. 
 (b) Pro Viso. This Declaration shall not be amended or modified in any respect without the prior written consent of the PDA. No amendment shall discriminate against any Unit Owner or against any Unit or class
or group of Units unless the Unit Owners affected shall consent; and no amendment shall change any Unit or the share of the Common Areas appurtenant to it, or increase an Owner’s share in the Common Areas, unless all the record Owners of the
Units concerned, and all eligible mortgagees thereon, shall consent to or join in, the execution of the amendment; provided, however, anyone dealing with the Association or attempting to establish title to a particular Unit, in the absence of actual
knowledge of discrimination on the part of the Association of Unit Owners may conclusively rely upon the validity and legality of any amendment to this Declaration recorded in the Rockingham County Registry of Deeds if such amendment is signed,
acknowledged and recorded in compliance with the Act. Neither shall any amendment of this Declaration make any change in any of the insurance requirements contained in Section 11 or any of the repair responsibilities contained in
Section 10, unless all the Owners and all Eligible Mortgagees shall consent to or join in the execution of the amendment. 
 ARTICLE XV 
 MISCELLANEOUS 
 (a) No Partition. There shall be no judicial partition of the Condominium or any part thereof, nor shall the Declarant or any person acquiring any
interest in the Condominium or any part thereof seek any judicial partition, until the happening of the conditions set forth in this Declaration in the case of damage or destruction or unless the property has been removed from the provisions of The
Condominium Act as provided in Section 33 or 34 of the Condominium Act; provided, however, that if any Unit shall be owned by two or more co-tenants as tenants in common or as joint tenants, nothing herein contained shall be deemed to prevent a
judicial partition as between such co-tenants. Such partition shall not effect any other Unit. 
  

 19 

 (b) Interpretation. The provisions of the Declaration shall be liberally construed in accordance
with the common law and statutory law of the State of New Hampshire in order to affect its purpose of creating a uniform plan for the development and operating of a condominium project. Failure to enforce any provision hereof shall not constitute a
waiver of the right to enforce said provision or any other provision hereof. 
 (c) Severability. The provisions hereof shall be
deemed independent and severable, and the invalidity or partial invalidity or unenforceability of any one provision or portion hereof shall not affect the validity or enforceability or any other provision hereof. 
 (d) Conveyance of Unit. Notwithstanding anything to the contrary contained herein, any sale, assignment, conveyance or other disposition in
respect of a Unit shall be subject to the terms and conditions set forth in the Lease. 
 ARTICLE XVI 
 EFFECTIVE DATE 
 This
Declaration shall take effect upon recording. 
 IN WITNESS WHEREOF, this Declaration has been duly executed on behalf of the
Declarant as of the 15th day of May, 2008. 
  

			
	 200 INTERNATIONAL LIMITED
 PARTNERSHIP
 By: Its General Partner
 200 INTERNATIONAL,
LLC

		
	By:	 	/s/ Cyrus W. Gregg
		 	Cyrus W. Gregg, Co-Manager
		
	By:	 	/s/ Daniel L. Plummer
		 	Daniel L. Plummer, Co-Manager

  

 20 

			
	 STATE OF NEW HAMPSHIRE
 COUNTY OF
ROCKINGHAM,
	 	Dated: May 15, 2008

 Personally appeared the above-named Cyrus W. Gregg, duly authorized Co- Manager of 200
International, LLC, known to me or satisfactorily proven to be the within named, and acknowledged the foregoing instrument for the purposes herein contained as his free act and deed on behalf of the General Partner of 200 International Limited
Partnership. 
  

					
		 		 	
			
	Before me,	 		 	/s/ John J. Ryan
		 		 	 Notary Public/Justice of the Peace
 My Commission
Expires:

 [seal] 
  

			
	 STATE OF NEW HAMPSHIRE
 COUNTY OF
ROCKINGHAM,
	 	Dated: May 15, 2008

 Personally appeared the above-named Daniel L. Plummer, duly authorized Co- Manager of 200
International, LLC, known to me or satisfactorily proven to be the within named, and acknowledged the foregoing instrument for the purposes herein contained as his free act and deed on behalf of the General Partner of 200 International Limited
Partnership. 
  

					
		 		 	
			
	Before me,	 		 	/s/ John J. Ryan
		 		 	 Notary Public/Justice of the Peace
 My Commission
Expires:

 [seal] 
  

 21 

 EXHIBIT A 
 Legal Description of the Submitted Land 
 A certain tract or parcel of land situated in the City of
Portsmouth, County of Rockingham and State of New Hampshire, and bounded and described as follows: 
 Beginning at a point, at the
southwesterly corner of the within described parcel, thence N 31° 30’ 06” W for a distance of 281.41 feet to a point; thence along a curve to the right with a radius of 50 feet and a length of 86.40 feet to a point; thence N 13°
18’ 31” E for a distance of 3.84 feet to a point; thence N 31° 30’ 06” W for a distance of 741.30 feet to a point; thence along a curve to the left with a radius of 50 feet, and a length of 59.74 feet to a point; thence N
31° 30’ 06” W for a distance of 93.38 feet to a point; thence N 49° 16’ 11” E for a distance of 814.18 feet to a point; thence along a curve to the right with a radius of 1550 and a length of 719.41 feet to a point;
thence S 15° 13’ 55” E for a distance of 55.88 feet to a point; thence along a curve with a radius to the right of 750 feet and a length of 638.77 feet to a point; thence S 33° 34’ 20” W for a distance of 44.40 feet to a
point; thence along a curve to the right with a radius of 2055 feet and a length of 356.65 feet to a point; thence S 43° 30’ 57” W for a distance of 2.41 feet to the point of beginning. 
 Meaning and intending to describe a 20.39 acre parcel shown on a Site Plan entitled “Condominium Site Plan/ Floor Plan Unit #1 and Convertible Land
200/180 International Drive”, recorded at the Rockingham County Registry of Deeds. 
 The above described premises are subject to an
Access/Egress Cross Easement recorded at the Rockingham County Registry of Deeds at Book 3581, Page 9241. 
  

 22 

 EXHIBIT A-1 
 Legal description of Limited Common Area — Unit #1 
 A certain tract or parcel of land situated in the
city of Portsmouth, County of Rockingham and State of New Hampshire, and bounded and described as follows: 
 Beginning at a point at the
northwesterly corner of the above described premises, thence N 58° 29’ 54” E for a distance of 126.66 feet to a point; thence continuing N 58° 29’ 54” E for a distance of 98.41 feet to a point; thence S 88° 59’
38” E for a distance of 84.33 feet to a point; thence S 56° 29’ 10” E for a distance of 379.13 feet to a point; thence S 31° 55’ 52” W for a distance of 24.04 feet to a point; thence S 59° 16’ 51’ E for
a distance of 112.14 feet to a point; thence along a curve to the right, with a radius of 750 feet and a length of 164 feet; thence S 33° 34’ 20” W for a distance of 44.90 feet to a point; thence along a curve with a radius of 2055
feet and a length of 356.65 feet to a point; thence S 43° 30’ 57” W for a distance of 2.41 feet to a point; thence N 31° 30’ 06” W for a distance of 281.41 feet to a point; thence along a curve to the right with a radius
of 50 feet and a length of 86.40 feet to a point; thence N 13° 18’ 31” E for a distance of 3.84 feet to a point; thence N 31° 30’ 66” W for a distance of 369.61 feet, to the point of beginning. 
 Meaning and intending to describe the Limited Common Area boundary line within which are located to limited common areas associated with Unit #1, as
shown on a Site Plan entitled “Condominium Site Plan/Floor Plan Unit #1 and Convertible Land, 200/180 International Drive Condominium” recorded at the Rockingham County Registry of Deeds as Plan (To Be Recorded.). 
  

 23 

 EXHIBIT A-2 
 Legal Description of the Convertible Land 
 A certain tract or parcel of land situated in the City of
Portsmouth, County of Rockingham and State of New Hampshire, and bounded and described as follows: 
 Beginning at a point at the
southwesterly corner of the within described premises; thence N 31° 30’ 06” W for a distance of 371.69 feet to a point; thence along a curve to the left with a radius of 50 feet and a length of 59.74 feet to a point; thence N 31°
30’ 06” W for a distance of 93.38 feet to a point; thence N 49° 16’ 11” E for a distance of 814.18 feet to a point; thence along a curve to the right with a radius of 1550 feet and a length of 719.41 feet to a point; thence S
15° 13’ 33” E for a distance of 55.88 feet to a point; thence along a curve with a radius of 750 feet and a length of 474.76 feet to a point; thence N 59° 16’ 51” W for a distance of 112.14 feet to a point; thence N
31° 55’ 52” W for a distance of 24.04 feet to a point; thence N 56° 29’ 10” W for a distance of 379.13 feet to a point; thence N 88° 59’ 38” W for a distance of 84.33 feet to a point; thence S 58°
29’ 54” W for a distance of 98.41 feet to a point; thence S 58° 29’ 54” W for a distance of 126.66 feet to the point of beginning. 
 Meaning and intending to describe a 14.35 +/- acre area identified as “Convertible Land” on a plan entitled “Condominium Site Plan/Floor Plan Unit #1 and Convertible Land 200/180 International
Drive”, recorded at the Rockingham County Registry of Deeds. 
  

 24 

 EXHIBIT B 
 BYLAWS 
 OF 
 200/180 INTERNATIONAL DRIVE  
 CONDOMINIUM OWNERS ASSOCIATION 
  

	1.	PURPOSE AND DEFINITIONS 

 a. Purpose. The
administration of 200/180 International Drive Condominium (the “Condominium”) shall be governed by these By-Laws which are annexed to the Declaration of Condominium of 200/180 International Drive Condominium (the “Declaration”)
and are made a part thereof. 
 b. Definitions. Certain of the terms used in these By-Laws have been defined in the Declaration and,
when used herein, shall have the same meaning as set forth in the Declaration, unless the context clearly indicates a different meaning therefor. 
 c. Applicability of By-Laws. The provisions of these By-Laws are applicable to all of the property which now constitutes or hereafter may be added to the Condominium, and to the use and occupancy thereof. 
  

	2.	MEMBERS AND MEETINGS 

 a. Members and Voting
Rights. Each unit owner (each an “Owner” and collectively the “Owners”) shall be a member of 200/180 International Drive Condominium Owner’s Association. The membership of the Association shall consist of all of the
condominium Unit Owners. Each Unit Owner shall be entitled to one vote based upon the unit owner’s percentage of interest in the Common Areas, as provided in ARTICLE III of the Declaration. Lessees of single unit buildings shall have the right
at their option to vote and to participate as a Unit Owner and the Lessor of such a unit shall be deemed to have assigned such owner’s voting rights, or given its proxy to such Lessee, including attending all meetings of the Association and the
right to appoint someone to the Board of Directors 
 b. Transfer of Membership. Membership in the Association may be transferred only
as an incident to the transfer of title to a Unit and shall become effective upon recordation of a deed of conveyance to the said Unit. 
 c.
Annual Meeting. The annual meeting of the members shall be held on the first Monday of December, for the purpose of electing directors and for the transaction of such other business as may come before the meeting. 
 d. Special Meetings. Special meetings of the Owners may be called at any time for the purpose of considering matters which, by the terms of the
Declaration, these By-Laws, or the Condominium Act, (the “Act”), require the approval of the Owners, or for any other reasonable purposes. Special meetings shall be called by the President or by a majority of the Board of Directors
(sometimes referred to herein as the “Board”) upon at least three (3) days written notice prior to the date of the meeting. 
  

 25 

 e. Contents of Notice. Notices of all Owner’s meetings shall state the time and place thereof
and the objects or purposes for which the meeting is called. Any such notice shall be deemed waived by any Owner who expressly waives the same in writing or who is present in person or by proxy at any such meeting. 
 f. Quorum. A quorum shall exist where 2/3rds of the undivided interest in the Common Areas are represented. A majority of the Owners of such
interests may elect the Board of Directors, and take all other actions except where the Condominium Act requires larger majorities of the Unit Owner’s voting power. 
 g. Voting. At any meeting of the Association, the Owners who are in good standing shall be entitled to cast the vote for each condominium unit owned as provided in the Declaration. Any Owner may attend and vote
at such meeting in person or by proxy. The provisions of Section 39 of the Condominium Act shall govern all votes (including proxy votes and the votes of units owned by more than one person) at meetings of the Association. 
 h. Voting Requirements. An Owner shall be deemed to be in good standing and entitled to vote at any annual meeting or at any special meeting of
the Association if, and only if, he shall have fully paid all assessments made or levied and due against him and his condominium unit by the Board of Directors of the Association (hereinafter sometimes referred to as the “Board”) as herein
provided, together with all interest, costs, attorney’s fees, penalties and other expenses, if any, properly chargeable to him and against his condominium unit, at least three (3) days prior to the date fixed for such annual or special
meeting. 
  

	3.	BOARD OF DIRECTORS 

 a. Number. The Board of
Directors shall consist of no fewer than one (1) member and no more than the total number of Units in the Condominium. Only Owners may be Directors. 
 b. Vacancies. Vacancies in the Board of Directors may be filled until the date of the next Annual Meeting by a majority vote of the remaining Directors. 
 c. Meetings. Regular meetings of the Board may be held at such time and place as shall be determined from time to time by a majority of the
Directors. Special meetings of the Board may be called by or at the request of the president, the chairman, or any two directors. The person or persons authorized to call special meetings of the Board may fix any place, either within or without the
State of New Hampshire, as the place for holding any special meeting of the Board called by such person or persons. 
 d. Presiding
Officer. The presiding officer of the Board of Directors’ meetings shall be the President of the Association. In the absence of a presiding officer, the Directors present shall designate one of their number to preside. 
 e. Quorum. The presence in person of a majority of the Board members will constitute a quorum for the transaction of any business. The Board
members present at a duly organized meeting can continue to do business until adjournment, notwithstanding the withdrawal of enough members to leave less than a quorum. 
  

 26 

 f. Majority Action. Every act or decision done or made by a majority of the Board present at any
meeting duly held at which a quorum is present shall be the act of the Board. 
 g. Consent in Writing in Lieu of Meetings. Any action
by the Board required or permitted to be taken at any meeting may be taken without a meeting if all of the members of the Board consent in writing to such action. Any written consent shall be filed with the Minutes of the proceedings of the Board.

 h. Terms of Office. Each Unit Owner shall name one member to the Board at the annual meeting of the unit Owners to hold office
until the next annual meeting and until the appointment of his or her successor. 
 i. Removal from Office. Unit Owners may remove a
member of the Board, for cause only, by seventy-five percent (75%) vote of the aggregate voting power of the Unit Owners. The Unit Owners shall elect a replacement member to the Board of Directors. 
  

	4.	POWERS AND DUTIES OF THE BOARD OF DIRECTORS 

 a.
Powers and Duties of Board of Directors. The Board of Directors shall have powers and duties specifically conferred upon it by the Act, the Declaration, and these By-Laws and all other powers and duties necessary for the administration of the
affairs of the Condominium. The following items shall be the powers of the Board: 
 i. To make and collect assessments against Unit Owners
to defray the costs of the Condominium. 
 ii. To use the proceeds of assessments in the exercise of its powers and duties. 
 iii. To provide for the acquisition, construction, management, maintenance, and care of the Unrestricted Common Area, whether real or personal.

 iv. To provide for the reconstruction of improvements to the Unrestricted Common Area after casualty and for the further improvement to
the Unrestricted Common Area. 
 v. To enforce by legal means the provisions of the Declaration and these By-Laws (collectively, and as may
be amended from time to time, the “Condominium Instruments”) for the use of the property in the Condominium. 
 vi. To contract for
the management of the Condominium. 
 vii. Pay taxes and assessments which are liens against any part of the Condominium, and to assess the
same against the unit owners subject to such liens. 
 viii. Carry insurance for the protection of unit owners and the Association on the
Common Areas. 
 ix. To pay the cost of all power, water, sewer and other utility services 

  

 27 

 
rendered to the Condominium and not billed to owners of individual units. 
 x. To provide for such painting, maintenance, repair and landscaping of the Unrestricted Common Area, and such furnishings, tools, equipment, appliances, and other personal property for the Common Area as the Board
shall determine is necessary or proper. 
 xi. To provide for trash collection, snow removal from the Unrestricted Common Area, water,
electrical, telephone, and gas and any other necessary utility service for the Common Area (and to the extent not separately metered or charged, for the units). 
 xii. To provide for any emergency repairs to any unit necessary to prevent damage to other parts of the Condominium. 
 xiii. To provide for any other materials, supplies, labor, services, maintenance, repairs, structural alterations, insurance, taxes, or assessments which the Board is required to secure or pay for pursuant to the
terms of the Declaration, these By-Laws, or the Act, or which in its opinion shall be necessary or proper for the operation of the Unrestricted Common Area or for the enforcement of the Declaration or of these By-Laws, provided that if any such
materials, supplies, labor, services, maintenance, repairs, structural alterations, insurance, taxes, or assessments are provided for particular units and are necessitated by the negligence of the owner or occupants of such units, the cost thereof
shall be specially assessed to the owners of such units. 
 xiv. Financial Limitation. The Board’s power shall be limited in that
it shall have no authority to acquire and pay for out of Common Expenses, as defined in Article Six herein, capital additions and improvements or structural alterations (other than for the purposes of replacing portions of the Unrestricted Common
Area, subject to the provisions of the Declaration) having a cost in excess of Ten Thousand Dollars ($10,000.00) unless such additions, improvements, or alterations have been approved by a majority of the Owners’ total voting power. 

xv. Right to Contract. The Board shall have the exclusive right to contract for all such items referred to in this Article. 
  

	5.	OFFICERS OF THE CORPORATION 

 a. Officers.
The officers of the Association shall be a president, a treasurer and a secretary, all of whom shall be appointed by the Board of Directors. Such other officers and assistant officers as may be deemed necessary may be appointed by the Board of
Directors. Any two or more offices may be held by the same person. 
 b. Appointment and Term of Office. The officers of the
Association shall be appointed annually by the Board of Directors at the first meeting of the Board of Directors held after each annual meeting of the shareholders. If the appointment of officers shall not be made at such meeting, such appointment
shall be made as soon thereafter as conveniently may be. Each officer shall hold office until his successor shall have been duly appointed and shall have qualified or until his death or until he shall resign or shall have been removed in the manner
hereinafter provided. 
  

 28 

 c. Removal. Any officer or agent may be removed by the Board of Directors whenever, in its
judgment, the best interests of the Association will be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Appointment of an officer or agent shall not in and of itself create
contract rights. 
 d. Vacancies. A vacancy in any office because of death, resignation, removal, disqualification, or otherwise may
be filled by the Board of Directors for the unexpired portion of the term. 
 e. President. The president shall be the principal
executive officer of the Association and, subject to the control of the Board of Directors, shall in general supervise and control all of the business and affairs of the corporation. He shall, when present, preside at all meetings of the unit owners
at meetings of the Board of Directors. He may sign with the secretary or with any other proper officer of the Association thereunto authorized by the Board of Directors, by resolution of the board, deeds, mortgages, bonds, contracts, or other
instruments which the Board of Directors has authorized to be executed, except in cases where the signing and execution thereof shall be expressly delegated by the Board of Directors or by these bylaws to some other officer or agent of the
Association, or which is required by law to be otherwise signed or executed; and in general shall perform all duties incident to the office of president and such other duties as may be prescribed by the Board of Directors from time to time.

 f. The Vice-Presidents. In the absence of the president or in the event of his death, inability, or refusal to act, the
vice-president, if any (or, in the event there be more than one vice-president, the vice-presidents in the order designated at the time of their election or, in the absence of any designation, then in the order of their election) shall perform the
duties of the president and when so acting shall have all the powers of and be subject to all the restrictions upon the president. Any vice-president may take such action as shall have been authorized by resolution of the board and shall perform
such other duties as from time to time may be assigned to him by the president or by the Board of Directors. 
 g. The Secretary. The
secretary shall: (a) keep the minutes of the proceedings of the Board of Directors in one or more books provided for that purpose; (b) see that all notices are duly given in accordance with the provisions of these bylaws or as required by
law; (c) be custodian of the Unit Owner records of the Association; (d) keep a register of the post office address of each Unit Owner which shall be furnished to the secretary by such Unit Owner; (e) have general charge of the books
of the Association; and (f) in general perform all duties incident to the office of secretary and such other duties as from time to time may be assigned to him by the president or by the Board of Directors. 
 h. The Treasurer. The treasurer if any is appointed and, if none, then the president shall: (a) have charge and custody of and be responsible
for all funds and securities of the Association; (b) receive and give receipts for monies due and payable to the Association from any source whatsoever and deposit all such monies in the name of the Association in such banks, trust companies,
or other depositories as may be authorized by the Board of Directors; (c) in general perform all of the duties incident to the office of treasurer and such other duties as from time to time may be assigned to him by the president or by the
Board of Directors. 
  

 29 

 i. Assistant Secretaries and Assistant Treasurers. The assistant secretaries or assistant
treasurers, when authorized by the Board of Directors, shall perform such duties as shall be assigned to them by the secretary or the treasurer, respectively, or by the president or the Board of Directors. 
  

	6.	FINANCE AND ASSESSMENTS 

 a. Depository. The
funds of the Association shall be deposited in a financial institution designated by the Board of Directors, in an account or accounts for the Association under resolutions approved by the Board of Directors. 
 b. Adoption of and Contents of Budget. The Board of Directors shall adopt a budget for each calendar year which contains estimates of the cost of
performing the functions of the Association, and the income of the Association, including but not limited to the following items (each, a “Common Expense” and collectively, “Common Expenses”); in connection with the operation of
Unrestricted Common Area and excluding the Units and their Limited Common Areas: 
 i. maintenance and operation of Common Area, landscaping,
street and walkways, and security guards, if any; 
 ii. capital funds established by vote of unit owners; 
 iii. Common Area utilities; 
 iv. liability
insurance; 
 v. casualty insurance; 
 vi. administration, including legal and accounting; 
 vii. membership dues. 
 viii. proposed assessments against each member. 
 Assessments shall be paid by the Unit Owner(s) based upon the percentage interest assigned to the unit in the Common Area and the Unit’s percentage of vote. 
 c. Delinquent Assessments. In the event an assessment is not paid within thirty (30) days of the date it is due and payable, the Association, through its Board of Directors, may proceed to enforce and
collect the said assessment, with interest at the maximum lawful rate of eighteen percent (18%) per annum, whichever is greater, against the unit Owner owing the same in the manner set forth in RSA 356-B:46. Each delinquent unit Owner shall be
responsible for attorney’s fees, interest and costs incurred by the Association incident to the collection of such delinquent assessments or enforcement of any lien held by the Association for unpaid assessments. 
  

 30 

	7.	NOTICES TO OR FROM MORTGAGEES 

 a. Notice to
Board. A unit Owner who mortgages his condominium unit shall notify the Board of the name and address of his mortgagee and the principal amount of such mortgage. The Board shall maintain suitable records pertaining to such mortgages. 

b. Reporting. The Board, whenever so requested in writing by a mortgagee of a condominium unit, shall promptly report any then unpaid
assessments for common expenses due from, or any other default by, the Owner of the mortgaged condominium unit. The Board shall be entitled to require a fee of Ten Dollars ($10.00) for each report provided a mortgagee. 
 c. Default. The Board shall give written notice to an Owner of any default by the Owner in the performance of any obligations under the
Condominium Instruments and, if such default is not cured within thirty (30) days, shall send a copy of such notice to each holder of a mortgage covering such unit whose name and address has theretofore been furnished to the Board. No suit or
other proceeding may be brought to foreclose the lien for any assessment levied pursuant to the Declaration or these By- Laws except after ten (10) days written notice to the holder of the first mortgage on the unit which is the subject matter
of such suit or proceeding. 
  

	8.	VIOLATIONS 

 a. Violations. In the event of
a violation other than non-payment violation of the Declaration, these By-Laws, or the applicable portions of the Act, the Association, by direction of its Board of Directors, may notify the unit owner by written notice of such breach, and if such
violation shall continue for a period of thirty (30) days from the date of this notice, the Association, through its Board of Directors, shall have the right to treat such violation as an intentional and inexcusable and material breach of the
Declaration, the By-Laws, or the pertinent provisions of the Condominium Act, and the Association may then, at its option, have the following election: (a) an action at law to recover for its damage on behalf of the Association or on behalf of
the other unit owners; (b) an action in equity to enforce performance on the part of the unit owner; or (c) an action in equity for such equitable relief as may be necessary under the circumstances, including injunctive relief. Failure on
the part of the Association to maintain such an action at law or in equity within ninety (90) days from date of a written request, signed by a unit owner, sent to the Board of Directors, shall authorize any unit Owner to bring an action in
equity or suit at law on account of the violation. Any violations which are deemed by the Board of Directors to be a hazard to public health may be corrected immediately as an emergency matter. 
  

	9.	AMENDMENTS TO THE BY-LAWS 

 a. Amendments to the
By-Laws. These By-Laws may be amended only by vote of the Unit Owners holding at least 75% of the interests in the Common Areas. and except as follows: 
 i. The Unit Owners may not amend or repeal any provision of these By-Laws which is expressly for the benefit of Mortgagees without consent in writing of the Mortgagees who hold mortgages on Units having at least one
hundred percent (100%) of the total percentage interest appurtenant to Units encumbered by mortgages. 
  

 31 

 No modification or amendment shall become effective until recorded in the Rockingham County Registry of
Deeds. An amendment may be proposed by either the Board of Directors or by the membership of the Association. 
  

	10.	USE REGULATIONS 

 a. Use Regulations. Except
with respect to single unit buildings, the Association may, from time to time, adopt and amend previously adopted Use Regulations governing the details of the operation and use of the Common Area and the units in the Condominium; provided, however,
that no such Use Regulations shall conflict with the Declaration, these By-Laws, or the provisions of the Act, and in the event of any conflict between the said Use Regulations and the foregoing, the latter shall prevail. The Board of Directors
shall, distribute from time to time, a copy of the Use Regulations adopted from time to time by the Corporation. These Use Regulations may be amended by the vote of two-thirds or more of the total voting power of all unit Owners before such shall
become effective. 
  

	11.	RESALE BY PURCHASER 

 a. In the event of any resale
of a condominium unit or any interest therein by any person other than the Declarant, the prospective unit owner shall have the right to obtain from the owners Association, prior to the contract date of the disposition, the following: 
 i. Appropriate statements pursuant to RSA 356-B:46, VIII and, if applicable, RSA 356-B:47; 
 ii. A statement of any capital expenditures and major maintenance expenditures anticipated by the unit owners Association within the current or
succeeding two fiscal years; 
 iii. A statement of the status and amount of any reserve for the major maintenance or replacement fund and
any portion of such fund earmarked for any specified project by the Board of Directors; 
 iv. A copy of the income statement and balance
sheet of the unit owners Association for the last fiscal year for which such statement is available; 
 v. A statement of the status of any
pending suits or judgments in which the unit owners Association is a party defendant; 
 vi. A statement setting forth what insurance
coverage is provided for all unit owners by the owners Association, and what additional insurance coverage would normally be secured by each individual unit owner; and 
 vii. A statement that any improvements or alterations made to the unit, or the limited common areas assigned thereto, by the prior unit owner are not known to be in violation of the Condominium Instruments.

 viii. The principal officer of the Association, or such other officer or officers as 

  

 32 

 
the Condominium Instruments may specify, shall furnish the statements prescribed by this paragraph upon the written request of any prospective unit owner
within 10 days of the receipt of such request. 
 Dated this 15th day of May, 2008. 
  

			
	 200 INTERNATIONAL LIMITED
 PARTNERSHIP
 By: Its General Partner
 200 INTERNATIONAL,
LLC

		
	By:	 	/s/ Cyrus W. Gregg
		 	Cyrus W. Gregg, Co-Manager
		
	By:	 	/s/ Daniel L. Plummer
		 	Daniel L. Plummer, Co-Manager

  

 33 

 EXHIBIT C 
 Unit Designation; Percentage Interest; Limited Common Area 
  

					
	 UNIT NUMBER
	 	 UNDIVIDED
 PERCENTAGE
 INTEREST
	 	 LIMITED COMMON
 AREA

	Unit #1	 	100%	 	

  

 34Incentive Plan

 Exhibit 10.28 
 SALIENT SURGICAL TECHNOLOGIES, INC. 
 2008 INCENTIVE PLAN 
  

	1.	DEFINED TERMS 

 Exhibit A, which is incorporated by
reference, defines the terms used in the Plan and sets forth certain operational rules related to those terms. 
  

	2.	PURPOSE 

 The Plan has been established to advance
the interests of the Company by providing for the grant to Participants of Stock-based and other incentive Awards. The Plan amends and restates the Amended and Restated 1999 Employee Incentive Plan (the “1999 Plan”) , and reflects the
merger of the 2003 Directors and Advisors Stock Option and Restricted Stock Plan (the “2003 Director Plan”) into the 1999 Plan effective immediately prior to the Effective Date (as defined in Section 11(c) below). 
  

	3.	ADMINISTRATION 

 The Administrator has discretionary
authority, subject only to the express provisions of the Plan, to interpret the Plan; determine eligibility for and grant Awards; determine, modify or waive the terms and conditions of any Award; prescribe forms, rules and procedures; and otherwise
do all things necessary to carry out the purposes of the Plan. In the case of any Award intended to be eligible for the performance-based compensation exception under Section 162(m), the Administrator will exercise its discretion consistent
with qualifying the Award for that exception. Determinations of the Administrator made under the Plan will be conclusive and will bind all parties. 
  

	4.	LIMITS ON AWARDS UNDER THE PLAN 

 (a) Number of Shares. The maximum number of shares of Stock that may be delivered in
satisfaction of Awards under the Plan (including shares of Stock issued on or after the Effective Date (as defined in Section 11(c) below) in satisfaction of awards made under the 1999 Plan or the 2003 Directors Plan prior to the Effective
Date) shall be the sum of: (i)                          and (ii) as of the first day of each of fiscal 2009 through
fiscal 2014, inclusive, an additional number of shares equal to the least of (x) 2,000,000 shares; (y) 5% of the number of shares of Stock outstanding on a fully diluted basis as of the first day of the applicable fiscal year; and
(z) such smaller number as may be determined by the Administrator. The maximum number of shares of Stock that may be delivered in satisfaction of ISOs shall be the total number of shares of Stock available under the Plan pursuant to this
Section 4(a)(i). The number of shares of Stock delivered in satisfaction of Awards shall, for purposes of the preceding two sentences, be determined net of shares of Stock withheld by the Company in payment of the exercise price of 

 
the Award or in satisfaction of tax withholding requirements with respect to the Award. The limits set forth in this Section 4(a) shall be construed to
comply with Section 422. For the avoidance of doubt, shares of Stock that remain unissued under an Award (including for this purpose an award under the 1999 Plan or the 2003 Director Plan that is outstanding immediately prior to the Effective
Date) that expires or terminates shall not be treated as shares of Stock issued in satisfaction of the Award for purposes of the first sentence of this Section 4(a). To the extent consistent with the requirements of Section 422 and with
other applicable legal requirements (including applicable stock exchange requirements), Stock issued under awards of an acquired company that are converted, replaced, or adjusted in connection with the acquisition shall not reduce the number of
shares available for Awards under the Plan. 
 (b) Type of Shares. Stock delivered by the Company under the Plan may be
authorized but unissued Stock or previously issued Stock acquired by the Company. No fractional shares of Stock will be delivered under the Plan. 
 (c) Section 162(m) Limits. The maximum number of shares of Stock for which Stock Options may be granted to any person in any calendar year and the maximum number of shares of Stock subject to SARs granted to any person in
any calendar year will each be the total number of shares of Stock available under the Plan pursuant to Section 4(a)(i) above. The maximum number of shares subject to other Awards granted to any person in any calendar year will be the total
number of shares of Stock available under the Plan pursuant to Section 4(a) above. The maximum amount payable to any person in any year under Cash Awards will be $2,000,000. The foregoing provisions will be construed in a manner consistent with
Section 162(m). 
  

	5.	ELIGIBILITY AND PARTICIPATION 

 The Administrator
will select Participants from among those key Employees and directors of, and consultants and advisors to, the Company or its Affiliates who, in the opinion of the Administrator, are in a position to make a significant contribution to the success of
the Company and its Affiliates; provided, that, subject to such express exceptions, if any, as the Administrator may establish, eligibility shall be further limited to those persons as to whom the use of a Form S-8 registration statement is
permissible. Eligibility for ISOs is limited to employees of the Company or of a “parent corporation” or “subsidiary corporation” of the Company as those terms are defined in Section 424 of the Code. In addition, SARS and
Stock Options which are not ISOs shall only be issued to Participants with respect to whom the Stock subject to such Awards constitutes “service recipient stock” under Section 409A and the regulations promulgated thereunder.

  

 -2- 

	6.	RULES APPLICABLE TO AWARDS 

 (a) All
Awards 
 (1) Award Provisions. The Administrator will determine the terms of all Awards, subject to the limitations
provided herein. By accepting (or, under such rules as the Administrator may prescribe, being deemed to have accepted) an Award, the Participant agrees to the terms of the Award and the Plan. Notwithstanding any provision of this Plan to the
contrary, awards of an acquired company that are converted, replaced or adjusted in connection with the acquisition may contain terms and conditions that are inconsistent with the terms and conditions specified herein, as determined by the
Administrator. 
 (2) Term of Plan. No Awards may be made after ,
                     2018, but previously granted Awards may continue beyond that date in accordance with their terms. 
 (3) Transferability. Neither ISOs nor, except as the Administrator otherwise expressly provides in accordance with the second sentence of
this Section 6(a)(3), other Awards may be transferred other than by will or by the laws of descent and distribution, and during a Participant’s lifetime ISOs (and, except as the Administrator otherwise expressly provides in accordance with
the second sentence of this Section 6(a)(3), other Awards requiring exercise) may be exercised only by the Participant. The Administrator may permit Awards other than ISOs to be transferred by gift, subject to such limitations as the
Administrator may impose. 
 (4) Vesting, Etc. The Administrator may determine the time or times at which an Award will vest or
become exercisable and the terms on which an Award requiring exercise will remain exercisable. Without limiting the foregoing, the Administrator may at any time accelerate the vesting or exercisability of an Award, regardless of any adverse or
potentially adverse tax consequences resulting from such acceleration. Unless the Administrator expressly provides otherwise, however, the following rules will apply: immediately upon the cessation of the Participant’s Employment, each Award
requiring exercise that is then held by the Participant or by the Participant’s permitted transferees, if any, will cease to be exercisable and will terminate, and all other Awards that are then held by the Participant or by the
Participant’s permitted transferees, if any, to the extent not already vested will be forfeited, except that: 
 (A)
subject to (B) and (C) below, all Stock Options and SARs held by the Participant or the Participant’s permitted transferees, if any, immediately prior to the cessation of the Participant’s Employment, to the extent then
exercisable, will remain exercisable for the lesser of (i) a period of 90 days or (ii) the period ending on the latest date on which such Stock Option or SAR could have been exercised without regard to this Section 6(a)(4), and will
thereupon terminate; 
 (B) all Stock Options and SARs held by a Participant or the Participant’s permitted transferees,
if any, immediately prior to the Participant’s death, to the extent then exercisable, will remain exercisable for the lesser of (i) the one year period ending with the first anniversary of the Participant’s death or (ii) the
period ending on the latest date on which such Stock Option or SAR could have been exercised without regard to this Section 6(a)(4), and will thereupon terminate; and 
  

 -3- 

 (C) all Stock Options and SARs
held by a Participant or the Participant’s permitted transferees, if any, immediately prior to the cessation of the Participant’s Employment will immediately terminate upon such cessation if the Administrator in its sole discretion
determines that such cessation of Employment has resulted for reasons which cast such discredit on the Participant as to justify immediate termination of the Award. 
 (5) Taxes. The Administrator will make such provision for the withholding of taxes as it deems necessary. The Administrator may, but need not, hold back shares of Stock from an Award or permit a
Participant to tender previously owned shares of Stock in satisfaction of tax withholding requirements (but not in excess of the minimum withholding required by law). 
 (6) Dividend Equivalents, Etc. The Administrator may provide for the payment of amounts in lieu of cash dividends or other cash distributions with respect to Stock subject to an Award. Any entitlement to
dividend equivalents or similar entitlements shall be established and administered consistent either with exemption from, or compliance with, the requirements of Section 409A. 
 (7) Rights Limited. Nothing in the Plan will be construed as giving any person the right to continued employment or service with the
Company or its Affiliates, or any rights as a stockholder except as to shares of Stock actually issued under the Plan. The loss of existing or potential profit in Awards will not constitute an element of damages in the event of termination of
Employment for any reason, even if the termination is in violation of an obligation of the Company or any Affiliate to the Participant. 
 (8) Section 162(m). This Section 6(a)(8) applies to any Performance Award intended to qualify as performance-based for the purposes of Section 162(m) other than a Stock Option or SAR. In the case of any
Performance Award to which this Section 6(a)(8) applies, the Plan and such Award will be construed to the maximum extent permitted by law in a manner consistent with qualifying the Award for such exception. With respect to such Performance
Awards, the Administrator will preestablish, in writing, one or more specific Performance Criteria no later than 90 days after the commencement of the period of service to which the performance relates (or at such earlier time as is required to
qualify the Award as performance-based under Section 162(m)). Prior to grant, vesting or payment of the Performance Award, as the case may be, the Administrator will certify whether the applicable Performance Criteria have been attained and
such determination will be final and conclusive. No Performance Award to which this Section 6(a)(8) applies may be granted after the first meeting of the stockholders of the Company held in
                     until the listed performance measures set forth in the definition of “Performance Criteria” (as originally approved or
as subsequently amended) have been resubmitted to and reapproved by the stockholders of the Company in accordance with the requirements of Section 162(m) of the Code, unless such grant is made contingent upon such approval. 
  

 -4- 

 (9) Coordination with Other Plans. Awards under the Plan may be granted in tandem with, or
in satisfaction of or substitution for, other Awards under the Plan or awards made under other compensatory plans or programs of the Company or its Affiliates. For example, but without limiting the generality of the foregoing, awards under other
compensatory plans or programs of the Company or its Affiliates may be settled in Stock (including, without limitation, Unrestricted Stock) if the Administrator so determines, in which case the shares delivered shall be treated as awarded under the
Plan (and shall reduce the number of shares thereafter available under the Plan in accordance with the rules set forth in Section 4). In any case where an award is made under another plan or program of the Company or its Affiliates and such
award is intended to qualify for the performance-based compensation exception under Section 162(m), and such award is settled by the delivery of Stock or another Award under the Plan, the applicable Section 162(m) limitations under both
the other plan or program and under the Plan shall be applied to the Plan as necessary (as determined by the Administrator) to preserve the availability of the Section 162(m) performance-based compensation exception with respect thereto.

 (10) Section 409A. Each Award shall contain such terms as the Administrator determines, and shall be construed and
administered, such that the Award either (i) qualifies for an exemption from the requirements of Section 409A, or (ii) satisfies such requirements. 
 (11) Certain Requirements of Corporate Law. Awards shall be granted and administered consistent with the requirements of applicable Delaware law relating to the issuance of stock and the consideration to
be received therefor, and with the applicable requirements of the stock exchanges or other trading systems on which the Stock is listed or entered for trading, in each case as determined by the Administrator. 
 (b) Awards Requiring Exercise 
 (1) Time And Manner Of Exercise. Unless the Administrator expressly provides otherwise, an Award requiring exercise by the holder will not be deemed to have been exercised until the Administrator receives a notice of exercise
(in form acceptable to the Administrator) signed by the appropriate person and accompanied by any payment required under the Award. If the Award is exercised by any person other than the Participant, the Administrator may require satisfactory
evidence that the person exercising the Award has the right to do so. 
 (2) Exercise Price. The exercise price (or the base
value from which appreciation is to be measured) of each Award requiring exercise shall be 100% (in the case of an ISO granted to a ten-percent shareholder within the meaning of subsection (b)(6) of Section 422, 110%) of the fair market value
of the Stock subject to the Award, determined as of the date of grant, or such higher amount as the Administrator may determine in connection with the grant. No such Award, once granted, may be repriced other than in accordance with the applicable
stockholder approval requirements of the stock exchanges or other trading systems on which the Stock is listed or entered for trading. Fair market value shall be determined by the Administrator consistent with the applicable requirements of
Section 422 and Section 409A. 
  

 -5- 

 (3) Payment Of Exercise Price. Where the exercise of an Award is to be accompanied by
payment, payment of the exercise price shall be by cash or check acceptable to the Administrator, or, if so permitted by the Administrator and if legally permissible, (i) through the delivery of shares of Stock that have been outstanding for at
least six months (unless the Administrator approves a shorter period) and that have a fair market value equal to the exercise price, (ii) through a broker-assisted exercise program acceptable to the Administrator, (iii) by other means
acceptable to the Administrator (including, without limitation through a net exercise), or (iv) by any combination of the foregoing permissible forms of payment. The delivery of shares in payment of the exercise price under clause
(i) above may be accomplished either by actual delivery or by constructive delivery through attestation of ownership, subject to such rules as the Administrator may prescribe. 
 (4) Maximum Term. Awards requiring exercise will have a maximum term not to exceed ten (10) years from the date of grant. 

 

	7.	EFFECT OF CERTAIN TRANSACTIONS 

 (a) Mergers,
etc. Except as otherwise provided in an Award, the following provisions shall apply in the event of a Covered Transaction: 
 (1) Assumption or Substitution. If the Covered Transaction is one in which there is an acquiring or surviving entity, the Administrator may provide for the assumption of some or all outstanding Awards or
for the grant of new awards in substitution therefor by the acquiror or survivor or an affiliate of the acquiror or survivor. 
 (2)
Cash-Out of Awards. If the Covered Transaction is one in which holders of Stock will receive upon consummation a payment (whether cash, non-cash or a combination of the foregoing), the Administrator may provide for payment (a
“cash-out”), with respect to some or all Awards or any portion thereof, equal in the case of each affected Award or portion thereof to the excess, if any, of (A) the fair market value of one share of Stock (as determined by the
Administrator in its reasonable discretion) times the number of shares of Stock subject to the Award or such portion, over (B) the aggregate exercise or purchase price, if any, under the Award or such portion (in the case of an SAR, the
aggregate base value above which appreciation is measured), in each case on such payment terms (which need not be the same as the terms of payment to holders of Stock) and other terms, and subject to such conditions, as the Administrator
determines; provided, that the Administrator shall not exercise its discretion under this Section 7(a)(2) with respect to an Award or portion thereof providing for “nonqualified deferred compensation” subject to
Section 409A in a manner that would constitute an extension or acceleration of, or other change in, payment terms if such change would be inconsistent with the applicable requirements of Section 409A. 
  

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 (3) Acceleration of Certain Awards. If the Covered Transaction (whether or not there is an
acquiring or surviving entity) is one in which there is no assumption, substitution or cash-out, each Award requiring exercise will become fully exercisable, and the delivery of any shares of Stock remaining deliverable under each outstanding Award
of Stock Units (including Restricted Stock Units and Performance Awards to the extent consisting of Stock Units) will be accelerated and such shares will be delivered, prior to the Covered Transaction, in each case on a basis that gives the holder
of the Award a reasonable opportunity, as determined by the Administrator, following exercise of the Award or the delivery of the shares, as the case may be, to participate as a stockholder in the Covered Transaction; provided, that to the
extent acceleration pursuant to this Section 7(a)(3) of an Award subject to Section 409A would cause the Award to fail to satisfy the requirements of Section 409A, the Award shall not be accelerated and the Administrator in lieu
thereof shall take such steps as are necessary to ensure that payment of the Award is made in a medium other than Stock and on terms that as nearly as possible, but taking into account adjustments required or permitted by this Section 7,
replicate the prior terms of the Award. 
 (4) Termination of Awards Upon Consummation of Covered Transaction. Each Award will
terminate upon consummation of the Covered Transaction, other than the following: (i) Awards assumed pursuant to Section 7(a)(1) above; (ii) Awards converted pursuant to the proviso in Section 7(a)(3) above into an ongoing right
to receive payment other than Stock; and (iii) outstanding shares of Restricted Stock (which shall be treated in the same manner as other shares of Stock, subject to Section 7(a)(5) below). 
 (5) Additional Limitations. Any share of Stock and any cash or other property delivered pursuant to Section 7(a)(2) or
Section 7(a)(3) above with respect to an Award may, in the discretion of the Administrator, contain such restrictions, if any, as the Administrator deems appropriate to reflect any performance or other vesting conditions to which the Award was
subject and that did not lapse (and were not satisfied) in connection with the Covered Transaction. In the case of Restricted Stock that does not vest in connection with the Covered Transaction, the Administrator may require that any amounts
delivered, exchanged or otherwise paid in respect of such Stock in connection with the Covered Transaction be placed in escrow or otherwise made subject to such restrictions as the Administrator deems appropriate to carry out the intent of the Plan.

 (b) Changes in and Distributions With Respect to Stock 
 (1) Basic Adjustment Provisions. In the event of a stock dividend, stock split or combination of shares (including a reverse stock split),
recapitalization or other change in the Company’s capital structure, the Administrator shall make appropriate adjustments to the maximum number of shares specified in Section 4(a) that may be delivered under the Plan and to the maximum
share limits described in Section 4(c), and shall also make appropriate adjustments to the number and kind of shares of stock or securities subject to Awards then outstanding or subsequently granted, any exercise prices relating to Awards and
any other provision of Awards affected by such change. 
  

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 (2) Certain Other Adjustments. The Administrator may also make adjustments of the type
described in Section 7(b)(1) above to take into account distributions to stockholders other than those provided for in Section 7(a) and 7(b)(1), or any other event, if the Administrator determines that adjustments are appropriate to avoid
distortion in the operation of the Plan and to preserve the value of Awards made hereunder, having due regard for the qualification of ISOs under Section 422, the requirements of Section 409A, and for the performance-based compensation
rules of Section 162(m), where applicable. 
 (3) Continuing Application of Plan Terms. References in the Plan to shares
of Stock will be construed to include any stock or securities resulting from an adjustment pursuant to this Section 7. 
  

	8.	LEGAL CONDITIONS ON DELIVERY OF STOCK 

 The Company
will not be obligated to deliver any shares of Stock pursuant to the Plan or to remove any restriction from shares of Stock previously delivered under the Plan until: (i) the Company is satisfied that all legal matters in connection with the
issuance and delivery of such shares have been addressed and resolved; (ii) if the outstanding Stock is at the time of delivery listed on any stock exchange or national market system, the shares to be delivered have been listed or authorized to
be listed on such exchange or system upon official notice of issuance; and (iii) all conditions of the Award have been satisfied or waived. If the sale of Stock has not been registered under the Securities Act of 1933, as amended, the Company
may require, as a condition to exercise of the Award, such representations or agreements as counsel for the Company may consider appropriate to avoid violation of such Act. The Company may require that certificates evidencing Stock issued under the
Plan bear an appropriate legend reflecting any restriction on transfer applicable to such Stock, and the Company may hold the certificates pending lapse of the applicable restrictions. 
  

 -8- 

	9.	AMENDMENT AND TERMINATION 

 The Administrator may at
any time or times amend the Plan or any outstanding Award for any purpose which may at the time be permitted by law, and may at any time terminate the Plan as to any future grants of Awards; provided, that except as otherwise expressly
provided in the Plan the Administrator may not, without the Participant’s consent, alter the terms of an Award so as to affect materially and adversely the Participant’s rights under the Award, unless the Administrator expressly reserved
the right to do so at the time of the Award. Any amendments to the Plan shall be conditioned upon stockholder approval only to the extent, if any, such approval is required by law (including the Code and applicable stock exchange requirements), as
determined by the Administrator. 
  

	10.	OTHER COMPENSATION ARRANGEMENTS 

 The existence of
the Plan or the grant of any Award will not in any way affect the Company’s right to Award a person bonuses or other compensation in addition to Awards under the Plan. 
  

	11.	MISCELLANEOUS 

 (a) Waiver of Jury
Trial. By accepting an Award under the Plan, each Participant waives any right to a trial by jury in any action, proceeding or counterclaim concerning any rights under the Plan and any Award, or under any amendment, waiver, consent,
instrument, document or other agreement delivered or which in the future may be delivered in connection therewith, and agrees that any such action, proceedings or counterclaim shall be tried before a court and not before a jury. By accepting an
Award under the Plan, each Participant certifies that no officer, representative, or attorney of the Company has represented, expressly or otherwise, that the Company would not, in the event of any action, proceeding or counterclaim, seek to enforce
the foregoing waivers. 
 (b) Limitation of Liability. Notwithstanding anything to the contrary in the Plan, neither the
Company, nor any Affiliate, nor the Administrator, nor any person acting on behalf of the Company, any Affiliate, or the Administrator, shall be liable to any Participant or to the estate or beneficiary of any Participant or to any other holder of
an Award by reason of any acceleration of income, or any additional tax, asserted by reason of the failure of an Award to satisfy the requirements of Section 422 or Section 409A or by reason of Section 4999 of the Code; provided, that
nothing in this Section 11(b) shall limit the ability of the Administrator or the Company to provide by separate express written agreement with a Participant for a gross-up payment or other payment in connection with any such tax or additional
tax. 
 (c) Effective Date; Effect on Awards Made Under the 1999 Plan and the 2003 Director Plan. The amendment and restatement
of the 1999 Plan and the 2003 Director Plan shall take effect upon the consummation of the public offering of the Stock or at such earlier 

  

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time as the Administrator may determine (the “Effective Date”). No further awards shall be made under the 1999 Plan or the 2003 Director Plan (as
in effect prior to this amendment and restatement) on or after the Effective Date, but awards outstanding under those plans shall continue in accordance with their terms. For the avoidance of doubt, awards made under the 1999 Plan and the 2003
Director Plan prior to the Effective Date shall be governed by the terms of the 1999 Plan and the 2003 Director Plan, respectively, AS IN EFFECT AT THE TIME OF GRANT; provided, that except in the case of ISOs granted under the 1999 Plan, the
post-termination provisions of Section 6(a)(4) above shall apply (if more favorable to the optionee than the corresponding terms of the 1999 Plan) to any exercise of a stock option granted under the 1999 Plan. 
  

	12.	ESTABLISHMENT OF SUB-PLANS 

 The Board may from time
to time establish one or more sub-plans under the Plan for purposes of satisfying applicable blue sky, securities or tax laws of various jurisdictions. The Board shall establish such sub-plans by adopting supplements to the Plan setting forth
(i) such limitations on the Administrator’s discretion under the Plan as the Board deems necessary or desirable and (ii) such additional terms and conditions not otherwise inconsistent with the Plan as the Board shall deem necessary
or desirable. All supplements adopted by the Board shall be deemed to be part of the Plan, but each supplement shall apply only to Participants within the affected jurisdiction and the Company shall not be required to provide copies of any
supplement to Participants in any jurisdiction that is not affected. 
  

 -10- 

 EXHIBIT A 
 Definition of Terms 
 The following terms, when used in the Plan, will have the meanings and
be subject to the provisions set forth below: 
 “Administrator”: The Compensation Committee, except that the Compensation
Committee may delegate (i) to one or more of its members such of its duties, powers and responsibilities as it may determine; (ii) to one or more officers of the Company the power to grant rights or options to the extent permitted by
Section 157(c) of the Delaware General Corporation Law; and (iii) to such Employees or other persons as it determines such ministerial tasks as it deems appropriate. In the event of any delegation described in the preceding sentence, the
term “Administrator” shall include the person or persons so delegated to the extent of such delegation. 
 “Affiliate”: Any corporation or other entity that stands in a relationship to the Company that would result in the Company and such corporation or other entity being treated as one employer under Section 414(b) and
Section 414(c) of the Code. 
 “Award”: Any or a combination of the following: 
 (i) Stock Options. 
 (ii) SARs. 
 (iii) Restricted Stock. 
 (iv) Unrestricted Stock. 
 (v) Stock Units, including Restricted Stock Units. 
 (vi) Performance Awards. 
 (vii) Cash Awards. 
 (viii) Awards (other than Awards described in (i) through (vii) above) that are convertible into or otherwise based on Stock. 
 “Board”: The Board of Directors of the Company. 
 “Cash Award”: An Award denominated in cash.

  

 -11- 

 “Code”: The U.S. Internal Revenue Code of 1986 as from time to time amended and in
effect, or any successor statute as from time to time in effect. 
 “Compensation Committee”: The Compensation Committee of
the Board. 
 “Company”: Salient Surgical Technologies, Inc. 
 “Covered Transaction”: Any of (i) a consolidation, merger, or similar transaction or series of related transactions, including a
sale or other disposition of stock, in which the Company is not the surviving corporation or which results in the acquisition of all or substantially all of the Company’s then outstanding common stock by a single person or entity or by a group
of persons and/or entities acting in concert, (ii) a sale or transfer of all or substantially all the Company’s assets, or (iii) a dissolution or liquidation of the Company. Where a Covered Transaction involves a tender offer
that is reasonably expected to be followed by a merger described in clause (i) (as determined by the Administrator), the Covered Transaction shall be deemed to have occurred upon consummation of the tender offer. 
 “Employee”: Any person who is employed by the Company or an Affiliate. 
 “Employment”: A Participant’s employment or other service relationship with the Company and its Affiliates. Employment will be
deemed to continue, unless the Administrator expressly provides otherwise, so long as the Participant is employed by, or otherwise is providing services in a capacity described in Section 5 to the Company or its Affiliates. If a
Participant’s employment or other service relationship is with an Affiliate and that entity ceases to be an Affiliate, the Participant’s Employment will be deemed to have terminated when the entity ceases to be an Affiliate unless the
Participant transfers Employment to the Company or its remaining Affiliates. 
 “ISO”: A Stock Option intended to be an
“incentive stock option” within the meaning of Section 422. Each option granted pursuant to the Plan will be treated as providing by its terms that it is to be a non-incentive stock option unless, as of the date of grant, it is
expressly designated as an ISO. 
 “Participant”: A person who is granted an Award under the Plan. 
 “Performance Award”: An Award subject to Performance Criteria. The Committee in its discretion may grant Performance Awards that are
intended to qualify for the performance-based compensation exception under Section 162(m) and Performance Awards that are not intended so to qualify. 
 “Performance Criteria”: Specified criteria, other than the mere continuation of Employment or the mere passage of time, the satisfaction of which is a condition for the grant, 

  

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exercisability, vesting or full enjoyment of an Award. For purposes of Awards that are intended to qualify for the performance-based compensation exception
under Section 162(m), a Performance Criterion will mean an objectively determinable measure of performance relating to any or any combination of the following (measured either absolutely or by reference to an index or indices and determined
either on a consolidated basis or, as the context permits, on a divisional, subsidiary, line of business, project or geographical basis or in combinations thereof): sales; revenues; assets; expenses; earnings before or after deduction for all or any
portion of interest, taxes, depreciation, or amortization, whether or not on a continuing operations or an aggregate or per share basis; return on equity, investment, capital or assets; one or more operating ratios; borrowing levels, leverage ratios
or credit rating; market share; capital expenditures; cash flow; stock price; stockholder return; sales of particular products or services; customer acquisition or retention; acquisitions and divestitures (in whole or in part); joint ventures and
strategic alliances; spin-offs, split-ups and the like; reorganizations; or recapitalizations, restructurings, financings (issuance of debt or equity) or refinancings. A Performance Criterion and any targets with respect thereto determined by the
Administrator need not be based upon an increase, a positive or improved result or avoidance of loss. To the extent consistent with the requirements for satisfying the performance-based compensation exception under Section 162(m), the
Administrator may provide in the case of any Award intended to qualify for such exception that one or more of the Performance Criteria applicable to such Award will be adjusted in an objectively determinable manner to reflect events (for example,
but without limitation, acquisitions or dispositions) occurring during the performance period that affect the applicable Performance Criterion or Criteria. 
 “Plan”: The Salient Surgical Technologies, Inc. 2008 Incentive Plan as from time to time amended and in effect. 
 “Restricted Stock”: Stock subject to restrictions requiring that it be redelivered or offered for sale to the Company if specified conditions are not satisfied. 
 “Restricted Stock Unit”: A Stock Unit that is, or as to which the delivery of Stock or cash in lieu of Stock is, subject to the
satisfaction of specified performance or other vesting conditions. 
 “SAR”: A right entitling the holder upon exercise to
receive an amount (payable in cash or in shares of Stock of equivalent value) equal to the excess of the fair market value of the shares of Stock subject to the right over the base value from which appreciation under the SAR is to be measured.

 “Section 409A”: Section 409A of the Code. 
 “Section 422”: Section 422 of the Code. 
 “Section 162(m)”: Section 162(m) of the Code. 
  

 -13- 

 “Stock”: Common Stock of the Company, par value $ 0.01 per share. 
 “Stock Option”: An option entitling the holder to acquire shares of Stock upon payment of the exercise price. 
 “Stock Unit”: An unfunded and unsecured promise, denominated in shares of Stock, to deliver Stock or cash measured by the value of Stock
in the future. 
 “Unrestricted Stock”: Stock not subject to any restrictions under the terms of the Award. 
  

 -14- 

 CALIFORNIA SUPPLEMENT 
 Pursuant to Section 12 of the Plan, this supplement has been adopted for purposes of satisfying the requirements of Section 25102(o) of the
California Corporations Code, to the extent applicable. This supplement may be amended by the Administrator without the approval of the Company, as necessary or desirable to comply with California law. Any Awards granted under the Plan to a
Participant who is a resident of the State of California on the date of grant (a “California Participant”) shall be subject to the following additional limitations, terms and conditions, to the extent applicable: 
 1. Maximum Duration of Awards. No Award granted to a California Participant will be for a term in excess of 10 years. 
 2. Minimum Conversion Period Following Termination. Unless the employment of a California Participant holding an otherwise vested Stock Option is
terminated for Cause, in the event of termination of employment of such Participant, he or she shall have the right to exercise the vested Stock Option as follows: (i) for a period of at least six months from the date of termination, if
termination was caused by such Participant’s death or “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code) and (ii) for a period of at least 30 days from the date of termination, if
termination was caused other than by such Participant’s death or “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code), but in no event later than the latest date on which such Participant could
have exercised such Stock Option in the absence of a termination of employment. 
  

 -15-

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