Document:

Employee Stock Ownership Trust

 Exhibit 10.2 
  
 MCGRATH RENTCORP 
 EMPLOYEE STOCK OWNERSHIP TRUST 
  
 (As Amended
and Restated, Effective September 12, 2003) 

 TABLE OF CONTENTS 
  

	 Table of Contents
	  	i
		
	 McGrath RentCorp Employee Stock Ownership Trust
	  	1
			
	 Article I:
	  	Name and Acceptance	  	2
			
	 Article II:
	  	Management and Control of Trust Fund	  	3
			
	 Article III:
	  	Provisions Related to Investment of Trust Fund	  	11
			
	 Article IV:
	  	Valuation of Trust Fund	  	13
			
	 Article V:
	  	No Reversion to Employer	  	13
			
	 Article VI:
	  	Change of Trustee	  	14
			
	 Article VII:
	  	Amendment and Termination	  	15
			
	 Article VIII:
	  	Indemnification, Appointment of Investment Manager, and Appointment of Ancillary Trustee	  	16
			
	 Article IX:
	  	Miscellaneous	  	18

  

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 INDEX 
  

	 ARTICLE I NAME AND ACCEPTANCE
	  	1
	 Sec. 1.01.
	  	NAME	  	1
	 Sec. 1.02.
	  	ACCEPTANCE	  	2
	 Sec. 1.03.
	  	DEFINITIONS.	  	2
	 ARTICLE II MANAGEMENT AND CONTROL OF TRUST FUND
	  	2
	 Sec. 2.01.
	  	TRUST FUND	  	2
	 Sec. 2.02.
	  	PLAN ADMINISTRATION	  	3
	 Sec. 2.03.
	  	EXERCISE OF TRUSTEE’S DUTIES	  	3
	 Sec. 2.04.
	  	GENERAL POWERS	  	3
	 Sec. 2.05.
	  	RESPONSIBILITY OF TRUSTEE.	  	7
	 Sec. 2.06.
	  	COMPENSATION AND EXPENSES	  	7
	 Sec. 2.07.
	  	CONTINUATION OF POWERS UPON TRUST TERMINATION	  	8
	 Sec. 2.08.
	  	BOND.	  	8
	 Sec. 2.09.
	  	COMMITTEE DIRECTIONS	  	8
	 ARTICLE III PROVISIONS RELATED TO INVESTMENT OF TRUST FUND
	  	8
	 Sec. 3.01.
	  	INVESTMENT OF TRUST FUND.	  	8
	 Sec. 3.02.
	  	STOCK SPLITS AND OTHER CAPITAL REORGANIZATION, DIVIDENDS.	  	8
	 Sec. 3.03.
	  	VOTING OF SHARES AND TENDER OR EXCHANGE OFFERS	  	8
	 Sec. 3.04.
	  	DISTRIBUTION OF TRUST FUND.	  	9
	 Sec. 3.05.
	  	PUT OPTION	  	9
	 Sec. 3.06.
	  	PARTICIPANT LOANS	  	9
	 ARTICLE IV VALUATION OF TRUST FUND
	  	9
	 ARTICLE V NO REVERSION TO EMPLOYER
	  	9
	 ARTICLE VI CHANGE OF TRUSTEE
	  	10
	 Sec. 6.01.
	  	RESIGNATION OF THE TRUSTEE.	  	10
	 Sec. 6.02.
	  	REMOVAL OF THE TRUSTEE	  	10
	 Sec. 6.03.
	  	DUTIES OF RESIGNING OR REMOVED TRUSTEE AND OF SUCCESSOR TRUSTEE	  	10
	 ARTICLE VII AMENDMENT AND TERMINATION
	  	10
	 Sec. 7.01.
	  	AMENDMENT.	  	10
	 Sec. 7.02.
	  	TERMINATION	  	10
	ARTICLE VIII INDEMNIFICATION, APPOINTMENT OF INVESTMENT MANAGER, AND APPOINTMENT OF ANCILLARY TRUSTEE	  	11
	 Sec. 8.01.
	  	INDEMNIFICATION	  	11
	 Sec. 8.02.
	  	LIMITATION ON LIABILITY - IF INVESTMENT MANAGER, ANCILLARY TRUSTEE OR INDEPENDENT FIDUCIARY APPOINTED	  	11
	 Sec. 8.03.
	  	APPOINTMENT OF AN INVESTMENT MANAGER OR AN ANCILLARY TRUSTEE	  	11
	 Sec. 8.04.
	  	PARTIES TO LITIGATION	  	12
	 ARTICLE IX MISCELLANEOUS
	  	12
	 Sec. 9.01.
	  	DISAGREEMENT AS TO ACTS	  	12
	 Sec. 9.02.
	  	PERSONS DEALING WITH TRUSTEE	  	12
	 Sec. 9.03.
	  	THIRD PARTY AND MULTIPLE TRUSTEES	  	12
	 Sec. 9.04.
	  	BENEFITS MAY NOT BE ASSIGNED OR ALIENATED	  	12
	 Sec. 9.05.
	  	EVIDENCE	  	12
	 Sec. 9.06.
	  	WAIVER OF NOTICE.	  	12
	 Sec. 9.07.
	  	COUNTERPARTS	  	12
	 Sec. 9.08.
	  	GOVERNING LAWS AND SEVERABILITY	  	12
	 Sec. 9.09.
	  	SUCCESSORS	  	12
	 Sec. 9.10.
	  	ACTION.	  	12
	 Sec. 9.11.
	  	CONFORMANCE WITH PLAN.	  	13
	 Sec. 9.12.
	  	HEADINGS.	  	13

  

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 MCGRATH RENTCORP 
 EMPLOYEE STOCK OWNERSHIP TRUST 
  
 THIS TRUST AGREEMENT, made as of the date hereof, by and between McGrath RentCorp, a California corporation (the “Company”), and North Star Trust Company, not in its individual or corporate capacity, but solely in
its capacity as trustee, and its successors and assigns in the trust hereby evidenced (the “Trustee”). 
  
 WITNESSETH THAT: 
  
 WHEREAS, McGrath RentCorp adopted the McGrath RentCorp Employee Stock Ownership Plan, effective January 1, 1985 (“Plan”); 
  
 WHEREAS, McGrath RentCorp established a trust in a separate document
to implement and form a part of the Plan to be exempt from tax under Section 501(a) of the Code and to be known as the McGrath RentCorp Employee Stock Ownership Trust Agreement (“Trust”), effective January 1, 1985; 
  
 WHEREAS, the Plan has been subsequently amended and restated in its
entirety twice, effective as of January 1, 1989 and effective as of August 28, 2003. 
  
 WHEREAS, the Trust was by and between McGrath RentCorp and Union Bank, not in its corporate capacity, but solely in its capacity as trustee; 
  
 WHEREAS, Union Bank was removed as trustee of the Trust effective August 31, 2002 and Delight Saxton and Thomas J.
Sauer were appointed as successor trustee of the Trust; 
  
 WHEREAS, the Company now desires to amend and restate the Trust effective September 12, 2003 (the “Trust”); 
  
 WHEREAS, the Trust henceforth will be by and between McGrath RentCorp and the North Star Trust Company, not in its corporate capacity, but solely
in its capacity as Trustee; 
  
 WHEREAS, the Trustee
accepts the Trust which is and becomes a part of the Plan and agrees to perform the obligations set forth in this Trust; 
  
 WHEREAS, the Trust shall be interpreted, whenever possible, to comply with the terms of the Code, the ERISA, and all applicable Regulations and
rulings; and 
  
 WHEREAS, capitalized terms used but not
defined herein shall have the respective meanings given to such terms in the Plan. 
  
 NOW, THEREFORE, pursuant to the authority delegated to the undersigned officers of the Company by resolution of its Board of Directors (the “Board”); 
  
 IT IS AGREED, by and between the parties hereto, that the trust
provisions contained herein shall constitute the agreement between the Company and the Trustee in connection with the Plan and the Trust; and 
  
 IT IS FURTHER AGREED, that the Trustee hereby accepts its appointment as such under this Trust on the date hereof, effective as of September 12,
2003. 
  
 IT IS FURTHER AGREED, by and between the parties
hereto as follows: 
  
 ARTICLE I 
 NAME AND ACCEPTANCE 
  
 Sec. 1.01. NAME. This Trust Agreement and Trust hereby shall be known as the “McGrath RentCorp Employee Stock Ownership Trust.”

  

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 Sec. 1.02. ACCEPTANCE. The Trustee accepts the Trust established and continued herein which is and
becomes part of the Plan and agrees to perform the obligations imposed under this Trust Agreement. 
  
 Sec. 1.03. DEFINITIONS. 
  
 (a) “Current Obligations” means obligations of the Trust Fund arising from expenses incurred by the Trust Fund and an extension
of credit to the Trust Fund and payable in cash within one (1) year from the date a contribution to the Plan is due. 
  
 (b) “Dividend” means a distribution made by the Employer to its shareholders in the form of a dividend (as defined in Code
Section 316) with respect to its Employer Securities. 
  
 (c) “Fiduciary” means any person who: (1) exercises any discretionary authority or discretionary control and management of the Plan or exercises any authority or control and management or disposition of Plan assets; (2) renders
investment advice for a fee or other compensation, direct or indirect, with respect to any monies or other property of the Trust Fund or has any authority or responsibility to do so; or (3) has any discretionary authority or discretionary
responsibility in the administration of the Plan and the Trust Fund, including, but not limited to, the Trustee, the Committee and any person designated under ERISA Section 405(c)(1)(B). 
  
 (d) “General Obligations” means obligations of the Trust Fund not arising from extensions of
credit to the Trust Fund, but which are commitments which arise from authorized activities of the Trust Fund. 
  
 (e) “Income of the Trust Fund” means the net gain or loss of the Other Investments Accounts of the Trust Fund, as reflected by
interest payments, dividends, realized and unrealized gains and losses on securities, other than Employer Securities, and on other investment transactions, and reduced by expenses paid from the Trust Fund. The expenses of the Trust Fund do not
include interest paid on any Securities Acquisition Loan. 
  
 (f) “Investment Manager” means any person, firm, or corporation who is a registered investment advisor under the Investment Advisors Act of 1940, a bank or an insurance company, and who has the power to
manage, acquire, or dispose of Plan assets, and who acknowledges in writing his fiduciary responsibility to the Plan. 
  
 (g) “Plan” shall have the meaning as set forth in the preambles. 
  
 (g) “Plan Administrator” is the Company, unless the Company designates another person or persons
to hold the position of Plan Administrator. In addition to its other duties, the Plan Administrator has full responsibility for compliance with the reporting and disclosure rules under ERISA, other than reporting of distributions on IRS Forms 1099
and similar forms. 
  
 (h)
“Regulations” and “Treasury Regulations” means the final and temporary regulations issued by the Internal Revenue Service which interpret the provisions of the Internal Revenue Code of 1986, as amended. “Regulations”
and “Labor Regulations” also means the final and temporary regulations issued by the Department of Labor which interpret the provisions of the Employee Retirement Income Security Act of 1974, as amended. 
  
 (i) “Separation from Service” or “Separates
from Service” or “Separated from Service” means the Employee no longer has an employment relationship with the Employer maintaining this Plan. 
  

(j) “Trust” shall have the meaning as set forth in the preambles. 
  
 ARTICLE II 
 MANAGEMENT AND CONTROL OF TRUST FUND 
  
 Sec. 2.01. TRUST FUND. The “Trust Fund” as of any date means all property of every kind held or acquired by the Trustee pursuant to this
Trust. The Trustee may manage, administer and invest all contributions made to the Trust by the Employer under the Plan as one Trust Fund. If, for any reason, it becomes necessary to determine the portion of the Trust Fund allocable to Employees and
former Employees of any Employer as of any date, the Committee shall specify such date as an Valuation Date, and after all adjustments required under the Plan as of that Valuation Date have been made, the portion of the Trust Fund attributable to
such Employees and former Employees shall be determined and shall consist of an amount equal to the aggregate of the Participant Account balances of Employees and former Employees of that Employer, including an amount equal to any allocable
contributions made by that Employer since the close of the immediately preceding Plan Year minus any losses on such contributions. 
  

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 Sec. 2.02. PLAN ADMINISTRATION. The Plan shall be administered by the Company, which may delegate
all or a portion of its responsibilities in such administration to the Committee or others. With respect to Plan administration, except as provided in the Plan and Section 2.04 herein, the Trustee shall have no authority to act unless directed in
writing by the Company or its delegate. The Company and each of its delegates may authorize one or more individuals to sign all communications between the Company or its delegate, as applicable, and Trustee. The Company shall at all times keep the
Trustee advised of the names of the individuals authorized to sign on behalf of the Company, and provide specimen signatures thereof. With the Trustee’s prior written consent, the Company may authorize the Trustee to act, without specific
directions or other directions or instructions from the Company, on any matter or class of matters with respect to which directions or instructions from the Company or its delegate are called for hereunder. The Trustee shall be fully protected in
relying on any communication sent by any authorized person and shall not be required to verify the accuracy or validity of any signature. If the Trustee requests any directions hereunder and does not receive them, the Trustee shall act or refrain
from acting, as it may determine, with no liability for such action or inaction. Notwithstanding the provisions herein, the Trustee is the sole discretionary fiduciary with respect to borrowing money for the purpose of purchasing employer securities
and for the purchase or sale of employer securities and the holding of such employer securities. 
  
 Sec. 2.03. EXERCISE OF TRUSTEE’S DUTIES. The Trustee shall discharge its duties hereunder solely in the interest of Plan Participants and
other persons entitled to benefits under the Plan, and: 
  
 (a)
for the exclusive purpose of: 
  
 (i) providing
benefits to Participants and other persons entitled to benefits under the Plan; and 
  
 (ii) defraying reasonable expenses of administering the Plan; 
  
 (b) with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a
like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; and 
  
 (c) in accordance with the documents and instruments governing the Trust unless, in the good faith judgment of the Trustee, the documents and instruments
are not consistent with the provisions of the Code and the ERISA. 
  
 Sec. 2.04. GENERAL POWERS. The Trustee has full discretion and authority with regard to the investment and reinvestment of the Trust Fund, except with respect to a Trust asset under the control or direction of a properly appointed
Investment Manager or with respect to a Trust asset properly subject to Employer or Committee direction, as provided in Section 17(a) of the Plan. Subject to the provisions of Sections 2.02, 2.03, 2.09 and Article III herein, with respect to the
Trust Fund, the Trustee shall have, but shall not be limited to the following powers, rights and duties in addition to those provided elsewhere in this Trust, the Plan or by law: 
  
 (a) To invest the Trust Fund primarily in Employer Securities and to invest or reinvest the Trust Fund in any common or
preferred stocks, open-end or closed-end mutual funds, put and call options traded on a national exchange, United States retirement plan bonds, corporate bonds, debentures, convertible debentures, commercial paper, U.S. Treasury bills, U.S. Treasury
notes and other direct or indirect obligations of the United States Government or its agencies, improved or unimproved real estate situated in the United States, limited partnerships, limited liability companies, insurance contracts of any type,
mortgages, notes or other property of any kind, real or personal, and to buy or sell options on common stock on a nationally recognized exchange with or without holding the underlying common stock, to buy and sell commodities, commodity options and
contracts for the future delivery of commodities, and to make any other investments the Trustee deems appropriate, as a prudent person would do under like circumstances with due regard for the purposes of the Plan; 
  
 (b) To retain in cash (pending investment, reinvestment or the distribution
of dividends) such reasonable amount as may be required to satisfy liquidity needs of the Trust and for the proper administration of the Trust and to invest such cash as provided in Section 3.01 herein, provided, however, the Trustee may retain
reasonable amounts of cash, in its discretion, without any liability for interest; 
  

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 (c) To invest at a reasonable rate of interest or in a common trust fund, as described in Code Section
584, or in a collective investment fund, the provisions of which govern the investment of such assets and which the Plan incorporates by this reference and which conforms to the rules of the Comptroller of the Currency; 
  
 (d) To lease for oil, gas and other mineral purposes and to create mineral
severances by grant or reservation; to pool or unitize interests in oil, gas and other minerals; and to enter into operating agreements and to execute division and transfer orders; 
  
 (e) To hold any securities or other property in the name of the Trustee or its nominee, with depositories or agent
depositories or in another form as it may deem best, with or without disclosing the trust relationship; 
  
 (f) To provide information available to the Trustee to enable the Company to file all tax returns required for the Trust and Plan required of the Trustee;

  
 (g) To receive and to hold all contributions paid to it under
the Plan; provided, however, that the Trustee shall have no duty to collect or require any contributions to be made to it, to determine that the contributions received by it comply with the provisions of the Plan or with any resolution of the Board
providing therefor; 
  
 (h) To credit and make distributions from
the Trust Fund to such persons or trusts, in such manner and at such times as directed by the Company or its delegate without inquiring as to whether a payee or distributee is entitled to the payment, or as to whether a payment is proper, and
without liability for a payment made in good faith without actual notice or knowledge of the changed condition or status of the payee or distributee. If any payment of benefits to be made from the Trust Fund by the Trustee is not claimed, the
Trustee shall notify the Company or its delegate of that fact promptly. The Company or its delegate will make a diligent effort to ascertain the whereabouts of the payee or distributee of benefits returned unclaimed. The Trustee shall dispose of
such payments as the Company or its delegate shall direct pursuant to the Plan. The Trustee shall have no obligation to search for or ascertain the whereabouts of any payee or distributee of benefits from the Trust Fund; 
  
 (i) To vote Employer Securities, as provided herein and subject to the
requirements of the Code, and any other stocks, bonds or other securities held in the Trust, or otherwise consent to or request any action on the part of the issuer in person, by proxy or power of attorney as provided herein: 
  
 (1) Voting of Employer Securities by Participants (or Beneficiaries),
notwithstanding any provision contained in the Plan to the contrary; 
  
 (2) With respect to Shares of Employer Securities held in the Allocated Employer Securities Account, which are not part of a registration-type class of securities (as defined in Code Section 409(e)(4)), a Participant has the right to direct
the Trustee regarding the voting of such Employer Securities allocated to his Employer Securities Account with respect to any corporate matter which involves the approval or disapproval of any corporate merger or consolidation, recapitalization,
reclassification, liquidation, dissolution, sale of substantially all assets of a trade or business, or such similar transaction as the Treasury may prescribe in regulations. As to any Employer Securities allocated to the participant’s Employer
Securities Account which are part of a registration-type class of securities, the voting rights provided in this Subsection 2.04(i) extend to all corporate matters requiring a vote of stockholders. The Trustee does not have the right to vote any
Employer Securities which a Participant (or Beneficiary) fails to vote as authorized by this Subsection 2.04(i); 
  
 (3) Each Participant (or Beneficiary) who timely provides instructions to the Trustee shall be entitled to direct the Trustee how to vote Employer
Securities allocated to such Participants (or Beneficiaries) Accounts in accordance with this Subsection. In order to implement these voting directions, the Company or the Trustee shall provide each Participant (or Beneficiary) with proxy
solicitation materials or other notices or information statements which are distributed to Company shareholders, together with a form requesting confidential instructions as to the manner in which Employer Securities allocated to the Participants
(or Beneficiaries) Employer Securities Accounts are to be voted. Each Participant (or Beneficiary) shall, as a named fiduciary described in Section 403(a)(1) of ERISA, direct the Trustee with respect to the vote of such Employer Securities which are
allocated to the Employer Securities Account of the Participant (or Beneficiary). Reasonable means shall be employed by the Trustee to provide confidentiality with respect to the voting by such Participant (or Beneficiary) and the Trustee shall hold
such directions in confidence and shall not divulge or release such directions to any person, including the Company or any director, officer, employee or agent of 

  

 Page 4 

 
the Company, it being the intent of this provision of this Subsection to ensure that the Company (and its directors, officers, employees and agents) cannot
determine the direction given by any Participant (or Beneficiary). Such instructions shall be in such form and shall be filed in such manner and at such time as the Trustee may prescribe; 
  
 (4) With respect to shares of Employer Securities held in the Unallocated
Employer Securities Account which are part of a registration-type class of securities, the Trustee shall properly vote such Employer Securities which are held in the Unallocated Employer Securities Account of each Participant (or Beneficiary) for or
against any proposal. If all Employer Securities are held in the Unallocated Employer Securities Accounts of each Participant (or Beneficiary) on the record date when a matter is submitted to a vote of the Company’s shareholders, the Trustee
shall properly vote such Employer Securities for or against any proposal; 
  
 (5) Notwithstanding any provision contained in this Subsection 2.04(i), the Trustee shall not vote as directed by and shall not effectuate the Participant (or Beneficiary) directions in a manner which are or would
result in a violation of ERISA or would not be in the best interest of the Participant (or Beneficiary); 
  
 (6) If any provision contained in or action required by this Subsection 2.04(i) violates any provision under ERISA, the Trustee shall comply with the
provisions under ERISA; 
  
 (j) To contract or otherwise enter
into transactions between itself, as Trustee, and the Company or any Employer, or any Company shareholder or other person, for the purpose of acquiring or selling Employer Securities and, subject to the provisions of Section 2.03 herein and the
Plan, to retain such Employer Securities; 
  
 (k) To compromise,
contest, arbitrate, settle or abandon claims and demands by or against the Trust and Trust Fund; 
  
 (l) To begin, maintain or defend any litigation necessary in connection with the investment, reinvestment and administration of the Trust, and, to the
extent not paid from the Trust Fund and subject to Section 8.01 herein, the Employers shall indemnify the Trustee against all expenses and liabilities reasonably sustained or anticipated by it by reason thereof (including reasonable attorneys’
fees); 
  
 (m) To retain any funds or property subject to any
dispute without liability for the payment of interest, or to decline to make payment or delivery thereof until final adjudication is made by a court of competent jurisdiction; 
  
 (n) To report to the Company as of the last day of each Plan Year, as of any Valuation Date (or as soon thereafter as
practicable), or at such other times as may be required under the Plan, the then “Net Worth” of the Trust Fund, which is, the fair market value of all property held in the Trust Fund, reduced by any liabilities other than liabilities to
Participants (and their Beneficiaries) in the Plan, as determined by the Trustee; 
  
 (o) To furnish to the Company and the Committee an annual statement of account or accounts for such periods as may be required under the Plan, showing the condition of the Trust Fund and the Net Worth of the Trust
Fund at the end of the Plan Year, all investments, receipts, disbursements and other transactions made by the Trustee during the Plan Year, covered by the statement, and such other information as the Trustee may possess which the Company requires in
order to comply with Section 103 of the ERISA. The Trustee shall keep accurate accounts of all investments and earnings thereon. Except with respect to Participant voting records and the valuation report (if any is obtained) of the Independent
Appraiser (defined at Article IV), all accounts, books and records related to such investments shall be open to inspection by any person designated by the Company or the Committee at reasonable times and may be audited from time to time by any
person or persons as the Company, Employer or Committee may specify in writing. All accounts of the Trustee shall be kept on an accrual basis. If, during the term of this Trust, the Department of Labor issues Regulations under the ERISA regarding
the valuation of Employer Securities or other assets for purposes of the reports required by the ERISA, the Trustee shall use such valuation methods for purposes of the accounts described by this subparagraph. The Company may approve such accounting
by written notice of approval delivered to the Trustee or by failure to express objection to such accounting in writing delivered to the Trustee within thirty (30) days from the date upon which the accounting was delivered to the Company. Upon the
receipt of a written approval of the accounting, or upon the passage of the period of time within which objection may be filed without written objections having been delivered to the Trustee, such accounting shall be deemed to be approved, and the
Trustee shall be released and discharged as to all items, matters and things set forth in such account, as fully as if such accounting had been settled and allowed by decree of a court of competent jurisdiction in an action or proceeding in which
the Trustee, the Company and all persons having or claiming to have any interest in the Trust Fund or under the Plan were parties; 

  

 Page 5 

 (p) To pay any income or other tax, charge or assessment attributable to any benefit which it shall or
may be required to pay or withhold taxes out of such benefit; and to require before making any payment such release or other document from any taxing authority and such indemnity from the intended payee or distributee as the Trustee shall deem
necessary for its protection; 
  
 (q) To employ and to reasonably
rely upon information and advice furnished by agents, attorneys, independent appraisers, independent financial advisors, accountants or other persons of its choice for such purposes as the Trustee considers desirable; 
  
 (r) To assume, until advised to the contrary, that the Trust evidenced by
this Trust Agreement is qualified under Section 401(a) of the Code and is entitled to tax exemption under Section 501(a) of the Code; 
  
 (s) To have the authority, in addition to Section 2.04(a), to invest and reinvest the assets of the Trust Fund, in personal property of any kind,
including, but not limited to, Employer Securities, bonds, notes, debentures, mortgages, equipment trust certificates, investment trust certificates, life insurance, guaranteed investment contracts, preferred or common stock, common trust funds,
mutual funds, collective trust funds, and registered investment companies; provided, however, that all investments in Employer Securities shall be undertaken pursuant to the provisions of Section 3.01 herein. 
  
 (t) To exercise, subject to the provisions of Article III herein, any
options, subscription rights and other privileges with respect to the Trust Fund, to manage, sell, contract to sell, grant options to purchase, convey, exchange, transfer, abandon, improve, repair, insure, lease for any term even though commencing
in the future or extending beyond the term of the Trust, and otherwise deal with all property, real or personal, in such manner, for such considerations and on such terms and conditions as the Trustee decides; 
  
 (u) To register ownership of any securities or other property held by it in
its own name or in the name of a nominee, with or without the addition of words indicating that such securities are held in a fiduciary capacity, and may hold any securities in bearer form, but the books and records of the Trustee shall at all times
reflect that all such investments are part of the Trust; 
  
 (v)
To borrow such sum or sums of money, to assume indebtedness, to extend mortgages, from time to time as the Trustee considers necessary or desirable and in the best interest of the Plan, Trust Fund and Plan Participants, and for that purpose to
mortgage or encumber or pledge any part of the Trust Fund (subject to the provisions of Code Section 4975(c) and the Regulations issued thereunder); 
  
 (w) To perform any and all other acts which are necessary or appropriate for the proper management, investment and distribution of the Trust Fund;

  
 (x) To construe and interpret the Trust. All written
decisions, determinations, directions, interpretations, and applications (collectively referred to as “determination”) of the Trust by the Trustee shall be final and binding upon all persons, including (but not limited to) the Trustee, the
Company, and all Participants and Beneficiaries unless such determination is in violation of the ERISA or any federal or state laws; 
  
 (y) To purchase Employer Securities as an investment of the Trust, provided the Trustee does not pay in excess of adequate consideration as defined in the
ERISA; 
  
 (z) To borrow money, to assume indebtedness, extend
mortgages and encumber by mortgage or pledge; provided, however, if any loan transaction is with a disqualified person or a disqualified person guarantees a loan to the Plan or Trust, the following terms and conditions apply to such loan:

  
 (1) The Trustee will use the proceeds of a
loan within a reasonable time after receipt only for any of the following purposes: (i) to acquire Employer Securities, (ii) to repay such loan, or (iii) to repay a prior Securities Acquisition Loan. Except as permitted by Regulation or applicable
law, no financed Employer Securities may be subject to a put, call or other option, or buy-sell or similar arrangement while held by and when distributed from the Trust, whether or not the Plan is then an employee stock ownership plan; 

 

 Page 6 

 (2) The interest rate of the Securities Acquisition Loan may not be more than a
reasonable rate of interest; 
  
 (3) Any
collateral the Trustee pledges to the creditor must consist only of the assets purchased by the borrowed funds and those assets the Trust used as collateral on any prior Securities Acquisition Loan repaid with the proceeds of the current Securities
Acquisition Loan; 
  
 (4) The creditor may have
no recourse against the Trust under the Securities Acquisition Loan except with respect to such collateral given for the loan that the Company makes to the Trust to meet its obligations under the Securities Acquisition Loan, and earnings
attributable to such collateral and the investment of such contributions. The Company must account for such contributions and earnings on the books of account of the Plan until the Trust repays the Securities Acquisition Loan; 
  
 (5) In the event of default upon the Securities Acquisition
Loan, the value of Trust assets transferred in satisfaction of the Securities Acquisition Loan must not exceed the amount of default, and if the lender is a disqualified person, the loan must provide for transfer of Trust assets upon default only
upon and to the extent of the failure of the Trust to meet the payment schedule of the Securities Acquisition Loan; 
  
 (6) The Trustee must maintain all assets acquired with the proceeds of a Securities Acquisition Loan in a Suspense Account. In withdrawing
assets from the Suspense Account, the Trustee will apply the provisions of Treasury Regulation Section 54.4975-7(b)(8) as if all securities in the Suspense Account were encumbered. Upon the payment of any portion of the Securities Acquisition Loan,
the Trustee will effect the release of assets in the Suspense Account from encumbrances pursuant to the applicable provisions in the Plan; 
  
 (aa) To invest the Trust Fund in accordance with Participants’ diversification elections pursuant to Section 17(a) of the Plan; 
  
 (bb) Notwithstanding the foregoing, if the Plan ceases to be an employee
stock ownership plan after the Trustee repays the Securities Acquisition Loan, the Employer Securities acquired by the Trust with the proceeds of an Securities Acquisition Loan shall continue to be subject to the provisions of Treasury Regulation
Section 54.4975-7(b)(4), (10), (11) and (12) relating to put, call or other options and to buy-sell or similar arrangements, except to the extent these Regulations are inconsistent with Code Section 409(h). 
  
 Sec. 2.05. RESPONSIBILITY OF TRUSTEE. The Trustee shall not be
responsible in any way for the adequacy of the Trust Fund to meet and discharge any or all liabilities under the Plan or for the proper application of distributions made or other actions taken upon the direction of the Committee. The powers, duties
and responsibilities of the Trustee shall be limited to those set forth in this Trust Agreement, or as later agreed upon by the Trustee, Company, and Committee in writing, and nothing contained in the Plan, either expressly or by implication, shall
be deemed to impose any additional powers, duties or responsibilities on the Trustee. 
  
 Sec. 2.06. COMPENSATION AND EXPENSES. The Trustee shall be entitled to reasonable compensation for its services, as agreed to between the Company and the Trustee in the Trustee Engagement Agreement, dated July
1, 2003 (“Engagement Agreement”) which is incorporated herein by reference, as it may be amended from time to time. While the payment of all amounts owed to the Trustee, other than pursuant to the indemnification provisions of the
Engagement Agreement, is the legal obligation of the Trust, the Company may pay any and all amounts owed to the Trustee pursuant to this Trustee Agreement. To the extent the Trust is unable to pay all amounts owed to the Trustee for any reason, any
unpaid amounts shall become the legal obligation of the Company and shall be paid as soon as possible after receipt of written notice from the Trustee by the Company. The Trustee is authorized to pay from the Trust Fund all expenses reasonably
incurred by the Trustee, to the extent such fees and expenses are for the ordinary and necessary administration and operation of the Trust, including its compensation, compensation to any agents employed by the Trustee and any reasonable accounting
and reasonable legal expenses. If the Trustee is to pay such expenses from the Trust Fund but there are not sufficient amounts in the Trust Fund to pay such expenses, the Trustee has the right (i) to offset the amounts due to it against the Trust
Fund and the Trustee shall be authorized to sell Trust assets of the Trust Fund; or (ii) to put Employer Securities to the Company pursuant to Section 3.05 hereof, to the extent necessary to obtain sufficient cash to pay such expenses. Any fee or
expense paid directly or indirectly by the Company shall not be considered an Employer contribution to the Trust, provided the fee or expense relates to the ordinary and necessary administration of the Trust. 
  

 Page 7 

 Sec. 2.07. CONTINUATION OF POWERS UPON TRUST TERMINATION. Notwithstanding anything to the contrary
in this Agreement, upon termination of the Trust, the powers, rights and duties of the Trustee hereunder shall continue until all Trust assets have been liquidated and distributed out of the Trust. 
  
 Sec. 2.08. BOND. The Trustee shall be required to provide bond
pursuant to the Plan for the faithful performance of its duties under the Trust and Plan, unless exempted pursuant to Section 412(a) of the ERISA. 
  
 Sec. 2.09. COMMITTEE DIRECTIONS. To the extent that decisions, determinations, directions, interpretations, and applications (collectively referred
to as “administrator’s determinations,” and each an “administrator’s determination”) of the Plan shall be within the scope of the authority of the Company or its delegate, as plan administrator, the written
communication of such administrator’s determination shall be final and binding upon all persons, including (but not limited to) the Trustee, the Company, and all Participants and Beneficiaries unless such determination is in violation of the
ERISA or any federal or state laws. 
  
 ARTICLE III

 PROVISIONS RELATED TO INVESTMENT OF TRUST FUND 
  
 Sec. 3.01. INVESTMENT OF TRUST FUND. Employer contributions made in cash shall be used first to pay any Current
Obligations. To the extent permitted by applicable law, any cash dividends paid with respect to shares of Employer Securities allocated to Participant’s Accounts or held in the Suspense Account may (as required by applicable Securities
Acquisition Loan documentation) be used to repay the principal balance of an outstanding Securities Acquisition Loan or interest thereon in whole or in part, or may be used to purchase additional shares of Employer Securities. 
  
 Subject to Section 2.04(aa) hereof, any cash held by the Trustee which has
not yet been allocated to Participant Accounts and which is not used to repay an Securities Acquisition Loan shall be used to purchase additional Employer Securities or invested in investments selected by the Trustee or shall remain uninvested
without liability for interest. Notwithstanding the foregoing, the Trustee shall not invest or reinvest any cash held in a Participant’s Account in Employer Securities following the date the Participant terminates employment with the Employer
for any reason. However, the Trustee may continue to hold Employer Securities existing in such Participant’s Company Stock Account. 
  
 Whenever investment in Employer Securities of amounts held in the Trust Fund is required or permitted hereunder, such investment may be accomplished by a
sale within the Trust. Specifically, the Company Stock Accounts of Participants, former Participants, and Beneficiaries who have become entitled to cash distributions hereunder may be liquidated by an exchange for assets held in other accounts of
the Plan. The Trustee is further authorized to purchase Employer Securities from the Company or from any shareholder, and the Employer Securities may be outstanding, newly issued or treasury stock. 
  
 All purchases or exchanges of Employer Securities shall be for no more than
“adequate consideration,” as defined in Section 3(18) of the ERISA. If at any time there is no generally recognized market for Employer Securities, “adequate consideration” shall mean the fair market value of such Employer
Securities as determined by an independent appraiser meeting requirements similar to those contained in Treasury Regulations under Section 170(a) of the Code. A determination of fair market value by such an independent appraiser will be deemed to be
a good faith determination of value. In the event that there is a final determination by the Internal Revenue Service, the Department of Labor or a court of competent jurisdiction that the purchase of Employer Securities from the Company was for
more than “adequate consideration,” the Company shall be required to pay to the Trust an amount in cash equal to the difference between the amount paid by the Trust and the amount determined to be “adequate consideration,” plus
interest at 7% per annum, which the Company agrees is a reasonable rate, from the date of the purchase of the Employer Securities to the date of the payment of the difference. 
  
 Sec. 3.02. STOCK SPLITS AND OTHER CAPITAL REORGANIZATION, DIVIDENDS. Any Employer Securities received by the Trustee
as a stock split or as a result of a reorganization or other recapitalization of the Company (collectively referred to as “stock split”) shall be allocated in accordance with the terms of the Plan as of each Valuation Date under the Plan.
If the Plan does not address the allocation of a stock split, the Trustee shall allocate the stock split in proportion to the Employer Securities to which they are attributable. Cash or stock in kind dividends received by the Trustee shall be
reinvested in accordance with the terms of the Plan. 
  
 Sec.
3.03. VOTING OF SHARES AND TENDER OR EXCHANGE OFFERS. Employer Securities held in the Trust Fund shall be voted, tendered and exchanged by the Trustee in the manner set forth in Section 2.04 and consistent with its duties described in Section
2.03 herein. 
  

 Page 8 

 Sec. 3.04. DISTRIBUTION OF TRUST FUND. The Trustee shall make all distributions in accordance with
the direction of the Company or its delegate. 
  
 Sec. 3.05.
PUT OPTION. In the event the Employer’s Securities no longer qualify as a “registration type class of securities” as such phrase is defined at Code Section 409(c)(4) and: (i) the distribution of a Participant’s Employer
Securities Account is to be made in cash, (ii) the Trustee is required to diversify a Participant’s Employer Securities Account pursuant to the Plan, or (iii) the Trustee expects to incur substantial Trust expenses which will not be paid
directly by the Employer, and the Trustee determines that the Trust Fund has insufficient cash to make anticipated distributions or diversification or pay Trust expenses, the Trustee shall have a “put option” on Employer Securities it
holds to put such Employer Securities to the Company pursuant to the Plan for the purpose of making such anticipated distributions, diversifications of Participant Employer Securities Accounts, and paying such expenses, and the Company agrees to
honor such put and purchase the Employer Securities as put to it by the Trustee; provided, however, that the Company shall have no obligation to purchase Employer Securities pursuant to this provision if it determines, in its sole discretion, that
such purchase could conflict with, or result in any violation of or default under, any contract to which the Company is a party or by which its assets are bound or any applicable order, rule or law. The Trustee will price the put of the Employer
Securities for an amount that is not less than “adequate consideration” as that term is defined in Section 3(18) of the ERISA, and on terms that are fair to the Plan from a financial point of view. 
  
 Sec. 3.06. PARTICIPANT LOANS. The Trustee shall not be permitted to
make loans to Participants and Beneficiaries. 
  
 ARTICLE IV

 VALUATION OF TRUST FUND 
  
 The Trust Fund shall be valued at fair market value, as determined by the Trustee. If there is not a generally recognized market (as contemplated by
Section 3(18)(A) of the ERISA) for shares of Employer Securities, all valuations of such securities shall be made by an “Independent Appraiser” (as described in Section 401(a)(28)(C) of the Code) retained by the Trustee, and reviewed and
finalized by the Trustee, in accordance with Section 3(18)(B) of the ERISA. 
  
 ARTICLE V 
 NO REVERSION TO EMPLOYER 
  
 No part of the corpus or income of the Trust Fund shall revert to any
Employer or be used for, or diverted to, purposes other than for the exclusive benefit of Participants and other persons entitled to benefits under the Plan, provided, however, that: 
  
 (a) The Employer contribution under the Plan is conditioned on the initial qualification of the Plan as applied to that
Employer under Sections 401(a) and 4975(e)(7) of the Code and if the Plan does not so qualify, the Trustee shall, upon written direction of the Committee, return to that Employer the amount of such contribution and any increment thereon within one
calendar year after the date that qualification of the Plan, as applied to that Employer, is denied, but only if the application for qualification is submitted within the time prescribed by law. 
  
 (b) If, upon termination of the Plan with respect to any Employer, any
amounts are held in a Code Section 415 suspense account which are attributable to the contributions of such Employer and such amounts may not be credited to Participant’s, such amounts, upon the written direction of the Committee, will be
returned to that Employer as soon as practicable after the termination of the Plan with respect to that Employer. 
  
 (c) Employer contributions under the Plan are conditioned upon the deductibility thereof under Section 404 of the Code, and, to the extent any such
deduction of an Employer is disallowed by the Internal Revenue Service, the Trustee shall, upon the written direction of the Committee, return the amount of the contribution (to the extent disallowed), reduced by the amount of any losses thereon, to
the Employer within one year after the date the deduction is disallowed. 
  
 (d) If a contribution or any portion thereof is made by an Employer by a mistake of fact, the Trustee shall, upon written direction of the Committee, return the amount of the contribution or such portion, reduced by
the amount of any losses thereon, to the Employer within one year after the date of payment to the Trustee. 
  
 Notwithstanding the foregoing, the Trustee has no responsibility as to the sufficiency of the Trust Fund to provide any distribution to an Employer under
this Article V. 
  

 Page 9 

 ARTICLE VI 
 CHANGE OF TRUSTEE 
  
 Sec.
6.01. RESIGNATION OF THE TRUSTEE. The Trustee may resign its position at any time by giving thirty (30) days advance written notice to the Company, unless such notice period is waived by the Company. Upon resignation of the Trustee, the
Company will provide the Trustee written notice of appointment of a successor Trustee and their acceptance as successor Trustee. 
  
 Sec. 6.02. REMOVAL OF THE TRUSTEE. The Company may remove the Trustee by hand delivering or by mailing by registered or certified mail, addressed
to such Trustee at his or her or its last known address, at least thirty (30) days advance written notice of removal, subject to providing the removed Trustee with satisfactory written evidence of the appointment of a successor Trustee and of the
successor Trustee’s acceptance of the trusteeship. If two or more persons hold the position of Trustee, in the event of the removal of one such person, during any period the selection of a replacement is pending, or during any period such
person is unable to serve for any reason, the remaining person or persons will act as the Trustee. 
  
 Sec. 6.03. DUTIES OF RESIGNING OR REMOVED TRUSTEE AND OF SUCCESSOR TRUSTEE. If the Trustee resigns or is removed, it shall promptly transfer and
deliver the assets of the Trust Fund to the successor Trustee, and may reserve such amount to provide for the payment of all fees and expenses, or taxes then or thereafter chargeable against the Trust Fund, to the extent not previously paid by the
Employer. The Employer shall be obligated to reimburse the Trust for any amount reserved by the Trustee. Within one hundred twenty (120) days, the resigned or removed Trustee shall furnish to the Company and the successor Trustee an account of its
administration of the Trust from the date of its last account. Each successor Trustee shall succeed to the title to the Trust Fund vested in the predecessor Trustee without the signing or filing of any further instrument, but any resigning or
removed Trustee shall execute all documents and do all acts necessary to vest such title or record in any successor Trustee. Each successor Trustee shall have all the powers, rights and duties conferred by this Trust as if originally named Trustee.
No successor Trustee shall be personally liable for any act or failure to act of a predecessor Trustee, and no predecessor trustee shall be liable for any act of a successor trustee. With the approval of the Company, a successor Trustee may accept
the account rendered and the property delivered to it by its predecessor Trustee as a full and complete discharge to the predecessor Trustee without incurring any liability or responsibility for so doing. 
  
 ARTICLE VII 
 AMENDMENT AND TERMINATION 
  
 Sec. 7.01. AMENDMENT. While the Company expects and intends to continue the Plan and the Trust, the Company reserves the right to amend the Trust at any time. However, no amendment may change the rights, duties
and liabilities of the Trustee under the Trust Agreement without its prior written agreement, nor reduce a Participant’s benefits to less than the amount such Participant would be entitled to receive if such Participant had resigned from the
employ of the Employer on the date of the amendment unless otherwise required or permitted by the Code or the ERISA. Amendments to the Trust shall be in writing and shall be effective upon execution of such amendments by both the Company and the
Trustee unless otherwise agreed. 
  
 Sec. 7.02.
TERMINATION. The Trust may be terminated as to all Employees on any date specified by the Company. The Trust will terminate as to any Employer on the first to occur of the following: 
  
 (a) the date it is terminated by that Employer and written notice is
provided thereof to the Trustee; 
  
 (b) the date such
Employer’s contributions, or contributions on its behalf to the Trust, are completely discontinued and written notice is provided thereof to the Trustee; 
  

(c) the date such Employer is judicially declared bankrupt under Chapter 7 of the U.S. Bankruptcy Code; or 
  
 (d) the dissolution, merger, consolidation, or reorganization of that
Employer, or the sale by that Employer of all or substantially all of its assets, except that, with the consent of the Company, such arrangements may be made whereby the Trust will be continued by any successor to that Employer or any purchaser of
all or substantially all of that Employer’s assets, in which case the successor or purchaser will be substituted for that Employer under the Trust. 
  

 Page 10 

 The Trustee’s powers upon termination as described above will continue until liquidation of the
Trust Fund, or the portion thereof attributable to an Employer, as the case may be. Upon termination of this Trust, the Trustee shall first reserve such reasonable amounts as it may deem necessary to provide for the payment of any expenses or fees
then or thereafter chargeable to the Trust Fund. Subject to such reserve, the balance of the Trust Fund shall be liquidated and distributed by the Trustee, in such form as determined by the Trustee, to or for the benefit of the Participants or their
Beneficiaries, in such manner and at such times as directed by the Committee after compliance with the Plan and applicable requirements of the ERISA, as amended from time to time, or other applicable law, accompanied by a certification that the
disposition is in accordance with the terms of the Plan and the Trustee need not question the propriety of such certification. The Committee shall have full responsibility to see that such manner and time of distribution is proper and within the
terms of the Plan and this Trust. 
  
 ARTICLE VIII

 INDEMNIFICATION, APPOINTMENT OF INVESTMENT MANAGER, AND APPOINTMENT OF ANCILLARY 
 TRUSTEE 
  
 Sec. 8.01. INDEMNIFICATION. The Company shall indemnify the Trustee and its officers and agents in accordance with the terms of the Engagement
Agreement. 
  
 Sec. 8.02. LIMITATION ON LIABILITY - IF
INVESTMENT MANAGER, ANCILLARY TRUSTEE OR INDEPENDENT FIDUCIARY APPOINTED. The Committee and Trustee shall not be liable for the acts or omissions of any Investment Manager or an ancillary trustee appointed by the Company, nor shall the Committee
or Trustee be under any obligation to invest or reinvest or otherwise manage any asset of the Trust Fund which is subject to the management of a properly appointed Investment Manager or ancillary trustee. The Committee, the Trustee, the Company and
any properly appointed Investment Manager or ancillary trustee may execute a letter agreement pursuant to Section 8.03 herein as a part of this Trust delineating duties, responsibilities and liabilities of the Investment Manager or ancillary trustee
with respect to any part of the Trust Fund under the control of the Investment Manager or ancillary trustee. 
  
 The limitation on liability described in this Section 8.02 also applies to the acts or omissions of an ancillary trustee or independent fiduciary properly
appointed under Section 8.03 hereof. However, if a Trustee, pursuant to the delegation described in Section 8.03 hereof, appoints an ancillary trustee, the Trustee is responsible for the periodic review of the ancillary trustee’s actions and
must exercise its delegated authority in accordance with the terms of the Trust and in a manner consistent with ERISA. The Company, the Trustee and an ancillary trustee may execute a letter agreement as a part of this Trust delineating any
indemnification agreement between the parties. 
  
 Sec. 8.03.
APPOINTMENT OF AN INVESTMENT MANAGER OR AN ANCILLARY TRUSTEE. The Company, in writing, may appoint any person or trust company in any state to act as an Investment Manager or as an ancillary trustee with respect to a designated portion of the
Trust Fund. An Investment Manager or ancillary trustee must acknowledge in writing its acceptance of the terms and conditions of its appointment as an Investment Manager or as an ancillary trustee and its fiduciary status under ERISA. The Investment
Manager and ancillary trustee have the rights, powers, duties, and discretion as the Company may delegate, subject to any limitations or directions specified in the instrument evidencing appointment of the Investment Manager or ancillary trustee and
to the terms of the Trust or of ERISA. The investment powers delegated to the Investment Manager or to the ancillary trustee may include any investment powers available under Section 2.04 or Section 3.03 hereof, including but not limited to, the
right to invest or reinvest any portion of the assets of the Trust Fund in Employer Securities and to invest or reinvest any portion of the assets of the Trust Fund in a common trust fund, as described in Code Section 584, or in any collective
investment fund, the provisions of which govern the investment of such assets and which the Trust incorporates by this reference, but only if the Investment Manager or ancillary trustee is a bank or similar financial institution supervised by the
United States or by a State and the ancillary trustee (or its affiliate, as defined in Code Section 1504) maintains the common trust fund or collective investment fund exclusively for the collective investment of money contributed by the ancillary
trustee (or its affiliate) in a trustee capacity and which conforms to the rules of the Comptroller of the Currency. 
  
 The Investment Manager or ancillary trustee may resign its position at any time by providing at least thirty (30) days’ advance written notice to the
Company, unless the Company waives this notice requirement. The Company, in writing, may remove an Investment Manager or ancillary trustee at any time. In the event of resignation or removal, the Company may appoint another Investment Manager or
ancillary trustee, return the assets to the control and management of the Trustee, or receive such assets in the capacity of the Investment Manager or ancillary trustee. The Company may delegate its responsibilities under this Section 8.03 herein to
the Trustee. 
  

 Page 11 

 If the U.S. Department of Labor (the “Department”) requires engagement of an independent
fiduciary to have control or management of all or a portion of the Trust Fund, the Company will appoint such independent Fiduciary, as directed by the Department. The independent fiduciary will have the duties, responsibilities, and powers
prescribed by the Department and will exercise those duties, responsibilities, and powers in accordance with the terms, restrictions, and conditions established by the Department and, to the extent not inconsistent with ERISA, the terms of the Plan.
The independent fiduciary must accept its appointment in writing and must acknowledge its status as a fiduciary of the Plan. 
  
 Sec. 8.04. PARTIES TO LITIGATION. Except as otherwise provided by ERISA, no Participant or Beneficiary is a necessary party or is required to
receive notice of process in any court proceeding involving the Plan, the Trust, the Trust Fund or any Fiduciary of the Plan. Any final judgment entered in any proceeding will be conclusive as to the parties over which the court entering the
judgment has jurisdiction. 
  
 ARTICLE IX 
 MISCELLANEOUS 
  
 Sec. 9.01. DISAGREEMENT AS TO ACTS. If there is a disagreement between the Trustee and anyone as to any act or transaction reported in any
accounting, the Trustee shall have the right to have its own account settled by a court of competent jurisdiction. 
  
 Sec. 9.02. PERSONS DEALING WITH TRUSTEE. No person dealing with the Trustee shall be required to see to the application of any money paid or
property delivered to the Trustee, or to determine whether or not the Trustee is acting pursuant to any authority granted to it under the Trust or the Plan. 
  
 Sec. 9.03. THIRD PARTY AND MULTIPLE TRUSTEES. No person dealing with the Trustee is obligated to see to the proper application of any money paid or
property delivered to the Trustee, or to inquire whether the Trustee has acted pursuant to any of the terms of the Trust and Plan. Each person dealing with the Trustee may act upon any notice, request or representation in writing by the Trustee, or
by the Trustee’s duly authorized agent, and is not liable to any person in so acting. The certificate of the Trustee that it is acting in accordance with the Trust and Plan will be conclusive in favor of any person relying on the certificate.

  
 Sec. 9.04. BENEFITS MAY NOT BE ASSIGNED OR ALIENATED.
The interests of Participants, Beneficiaries and other persons entitled to benefits under the Trust and Plan are not subject to the claims of their creditors and may not be voluntarily or involuntarily assigned, alienated or encumbered, except as
allowed pursuant to Code Section 401(a)(13) to the extent that the Committee, pursuant to the Plan, directs the Trustee that any such interests are subject to a qualified domestic relations order, as defined in Section 414(p) of the Code.

  
 Sec. 9.05. EVIDENCE. Evidence required of anyone under
the Trust may be by certificate, affidavit, document or other instrument which the person acting in reliance thereon considers pertinent and reliable, and signed, made or presented by the proper party. 
  
 Sec. 9.06. WAIVER OF NOTICE. Any notice required under the Trust or
Plan may be waived in writing by the person entitled thereto. 
  
  
 Sec. 9.07. COUNTERPARTS. The Trust may be executed in any number of counterparts, each of which shall be deemed an original and no other
counterparts need be produced. 
  
 Sec. 9.08. GOVERNING LAWS
AND SEVERABILITY. The Trust shall be construed and administered according to the laws of the State of California to the extent that such laws are not preempted by the laws of the United States of America. If any provision of the Trust or Plan is
held illegal or invalid, the illegality or invalidity shall not affect the remaining provisions of the Trust and Plan, but shall be severable, and the Trust and Plan shall be construed and enforced as if the illegal or invalid provision had never
been inserted herein. 
  
 Sec. 9.09. SUCCESSORS. The Trust
shall be binding on the Company, Employer and any successor thereto by virtue of any merger, sale, dissolution, consolidation or reorganization, on the Trustee and its successor and on all persons entitled to benefits under the Plan and their
respective heirs and legal representatives. 
  
 Sec. 9.10.
ACTION. Any action required or permitted to be taken by the Company under the Trust shall be by resolution of its Board of Directors or by a person or persons authorized by resolution of its Board of Directors. The Trustee 

  

 Page 12 

 
shall not recognize or take notice of any appointment of any representative of the Company or Committee unless and until the Company or the Committee shall
have notified the Trustee in writing of such appointment and the extent of such representative’s authority. The Trustee may assume that such appointment and authority continue in effect until it receives written notice to the contrary from the
Company or Committee. Any action taken or omitted to be taken by the Trustee by authority of any representative of the Company or Committee within the scope of his or her authority shall be as effective for all purposes hereof as if such action or
nonaction had been authorized by the Company or Committee. 
  
 Sec. 9.11. CONFORMANCE WITH PLAN. Unless otherwise indicated in the Trust, all capitalized terms herein shall have the meaning as stated in the Plan. To the extent provisions of the Plan and the Trust conflict, the provisions of the
Trust shall govern and the Trustee’s duties and obligations shall be determined solely under the Trust. 
  
 Sec. 9.12. HEADINGS. The headings and sections of this Trust Agreement are for convenience or reference only and shall have no substantive effect
on the provisions of this Trust Agreement. 
  
 IN WITNESS
WHEREOF, the Company, by its duly authorized officer, and the Trustee, have caused this Trust Agreement to be signed on the 22nd day of October, 2003, to be effective the 12th day of September, 2003. 
  

	“COMPANY”
	
	MCGRATH RENTCORP
		
	 By:
	 	 /s/ Dennis C. Kakures

	 	 	 Dennis C. Kakures, President

	
	“TRUSTEE”
	
	NORTH STAR TRUST COMPANY
		
	 By:
	 	 /s/ John G. Hommel

	 	 	 John G. Hommel

	 	 	 Senior Vice President and Trust Officer

  

 Page 13Prepared by R.R. Donnelley Financial -- Sublease Agreement between Tibco Software, Inc. & the Company

 Exhibit 10.1 
  
 BASIC SUBLEASE INFORMATION 
  

	 DEFINED TERM:

	  	 DEFINITION OF DEFINED TERM:

		
	 SUBLEASE DATE:
 (same as date in first paragraph of Lease)
	  	October 10, 2003
		
	 SUBTENANT:
	  	Vyyo Inc, a Delaware corporation
		
	 SUBTENANT’S NOTICE ADDRESS:
	  	Same as Subleased Premises, ATTN: President with a copy to Attn: General Counsel
		
	 SUBTENANT’S BILLING ADDRESS:
	  	Same as Subleased Premises
			
	 SUBTENANT                                    Michael
Corwin
 CONTACT:
	  	 PHONE NUMBER:
 FAX
NUMBER:
	  	                 408-863-2322
                 408-863-2321

		
	 SUBLANDLORD:
	  	TIBCO Software, Inc., a Delaware corporation
		
	 SUBLANDLORD’S NOTICE ADDRESS:
	  	 3303 Hillview Avenue,
 Palo
Alto, CA 94304
 Attn: General Counsel, with copy to Attn: Gwen Waddell

	 SUBLANDLORD’S REMITTANCE ADDRESS:
	  	 Sares Regis Group 393 Vintage Park Drive, Foster City Ca. 94404
 Attn: Dan McGill

		
	 SUBLANDLORD CONTACT:
	  	Dan McGill; telephone: 650-377-5710
		
	 MASTER LEASE
	  	That certain Lease with the Lease Date January 21, 2000 by and between Master Landlord as “Landlord” and Sublandlord as “Tenant”
		
	 MASTER LANDLORD:
	  	Equity Office Properties Trust (f/k/a Spieker Properties, L.P.)
		
	 MASTER LANDLORD’S NOTICE ADDRESS:
	  	 1740 Technology Drive, Suite 150
 San Jose, CA 95110
 Tel: 408-346-4000
 Contact: Rene
Santiago (408) 487-4158

		
	 MASTER LANDLORD’S REMITTANCE
 ADDRESS:
	  	 Equity Office Properties
 EOP
Operating Limited Partnership
 PO Box 45587
 Dept
#10564
 San Francisco, CA 94145-0587

		
	 Project Description:
	  	That four (4) building research and development park commonly known as Foothill Research Center in Palo Alto, California. The Project is outlined in green on Exhibit
B.
		
	 Master Lease Premises:
	  	Approximately Twenty-Four Thousand Five Hundred Forty-One (24,541) rentable square feet (the “Building A Premises”) in the building located at 4009
Miranda Avenue, Palo Alto, California (“Building A”); and approximately Forty-One Thousand Five Hundred Four (41,504) rentable square feet (the “Building B Premises”) in the building located at 4005 Miranda Avenue,
Palo Alto, California (“Building B”); and approximately Thirty Thousand Six Hundred Thirty (30,630) rentable square feet (the “Building C Premises”) in the building located at 4015 Miranda Avenue, Palo Alto,
California (“Building C”).
		
	 Subleased Premises
	  	14,565 rentable square feet on the First Floor in Building C located at 4015 Miranda Avenue, Palo Alto, California 94304
	 Permitted Use:
	  	General office use in compliance with all applicable laws, including laws and ordinances of the City of Palo Alto and in compliance with the Master Lease and any CC
& R’s or regulations imposed by Stanford University.

	 Parking Density:
	  	3.3 spaces per 1,000 rentable square feet of the Premises. There are no assigned parking spaces.
	 Commencement Date:
	  	November 1, 2003 or the date that Subtenant Occupies the Subleased Premises, whichever is later, but in no event later than the date of completion of the Tenant Improvements
listed in Exhibit E. For purposes of this section, “Occupies” means that date which Subtenant first occupies the premises for purposes other than those described in Section 3.1 of this Sublease Agreement.
	 Scheduled Length of Term:
	  	Sixty Six (66) months from the Commencement Date, which shall be referred to in this Sublease as the “Lease Term” or the “Term”.
	 Master Lease Term Expiration Date:
	  	December 31, 2010
		
	 Rent:
	  	Triple Net (“NNN”)

  

	 NNN Base Rent:

	  	Months

	  	Rent per SqFt

	  	SqFt

	  	Base Monthly Rent

	 	  	01-07	  	$	0	  	14,565	  	$	0
	 	  	08-12	  	$	1.35	  	14,565	  	$	19,662.75
	 	  	13-24	  	$	1.39	  	14,565	  	$	20,245.35
	 	  	25-36	  	$	1.43	  	14,565	  	$	20,827.95
	 	  	37-48	  	$	1.48	  	14,565	  	$	21,556.20
	 	  	49-60	  	$	1.52	  	14,565	  	$	22,138.80
	 	  	61-66	  	$	1.57	  	14,565	  	$	22,867.05

  

	 Prepaid Rent
	  	Base Monthly Rent due for Month 08 = $19,662.75, due on execution of Sublease.
		
	 Security Deposit:
	  	Two (2) months NNN Base Rent = $39,325.50, due on execution of Sublease, adjusted in accordance with Section 4.3.
		
	 Sublandlord’s Proportionate Share:
	  	 
		
	         Of Building:
	  	 Building A – 45.59%
 Building B – 77.10%
 Building C – 100%

	         Of Project:
	  	50.32%
	 Subtenant’s Proportionate Share:
	  	47.55% of Sublandlord’s 100% Share of Building C
			
	 Landlord’s Broker
	  	 	  	Cresa Partners
	 Tenant’s Broker
	  	 	  	Cornish & Carey Commercial
	 After Hours Utility Charge
	  	 	  	Landlord’s Actual Cost. Subtenant shall have the right, subject to the Master Landlord’s approval, to install a separate electric meter at Subtenant’s sole cost and
expense.
			
	 Ground Lease
	  	 	  	That certain “Ground Lease” described in Paragraph 39G of the Master Lease to which the Master Lease is subordinate and under which Master Landlord is the lessee and the
Board of Trustees of the Leland Stanford University (“Ground Lessor”) is the lessor.
	 Signage
	  	 	  	In accordance with the Master Lease and Section 14.4 of this Sublease Agreement.

  
 The foregoing Basic Sublease
Information is incorporated into and made a part of this Sublease. Each reference in this Sublease to any of the Basic Sublease Information shall mean the respective information above and shall be construed to incorporate all of the terms provided
under the particular Sublease paragraph pertaining to such information. In the event of any conflict between the Basic Sublease Information and the Sublease, the latter shall control. 
  

	 SUBLANDLORD
	  	 SUBTENANT

		
	 TIBCO Software, Inc.,
 a Delaware corporation
	  	 VYYO Inc.
 a Delaware corporation

				
	 By:
	 	  

	  	 By:
	 	 /s/    MICHAEL
CORWIN            

	 Name:
	 	  

	  	 Name:
	 	 Michael Corwin

	 Title:
	 	  

	  	 Title:
	 	 President and COO

  

 2 

				
	 By:
	 	  

	  	 By:
	 	 /s/    ANDREW
FRADKIN            

	 Name:
	 	  

	  	 Name:
	 	 Andrew Fradkin

	 Title:
	 	  

	  	 Title:
	 	 Secretary

  

 3 

 SUBLEASE AGREEMENT 
  
 This SUBLEASE AGREEMENT (“Sublease”) is made as of Sublease Date by and between TIBCO SOFTWARE, INC. a Delaware corporation
(“Sublandlord”) and VYYO INC., a Delaware corporation (“Subtenant”). 
  
 RECITALS 
  
 This terms defined in the
Basic Lease Information are hereby incorporated into this Sublease and this Sublease is made with regard to the following facts: 
  
 A. Sublandlord is the Tenant under the Master Lease and the lessee under the Ground Lease. A copy of that Master Lease is attached to this Sublease and marked as Exhibit
A. Pursuant to the Master Lease, Sublandlord leases the Master Lease Premises from Master Landlord. 
  
 B. Subtenant desires to sublease from Sublandlord a portion of the Master Lease Premises (the “Subleased Premises”). Sublandlord has agreed to sublease the Subleased Premises to Subtenant on the terms,
covenants and conditions stated in this Sublease. 
  
 NOW, THEREFORE, in
consideration of the mutual covenants contained in this Sublease, and for valuable consideration, the receipt and sufficiency of which are acknowledged by the parties, the parties agree as follows: 
  
 1. Sublease. Sublandlord subleases to Subtenant and Subtenant subleases from
Sublandlord the Subleased Premises, subject to the terms, covenants, and conditions contained in this Sublease. 
  
 2. Subleased Premises. The Subleased Premises is generally described in the Basic Sublease Information and more particularly described in Exhibit B attached to
this Sublease. The Subleased Premises are or shall be situated in a building (the “Building”) located at 4015 Miranda Avenue, Palo Alto, California 94304. The parties have negotiated the rent and other terms of this Sublease on the basis
that the Subleased Premises contain 14,565 rentable square feet. If the actual number of rentable square feet in the Subleased Premises is more or less than such agreed amount, there shall be NO adjustment in the Base Rent or other terms of
this Sublease. 
  
 3. Term. Subject to the condition set forth in Section
14.1, below, the terms and provisions of this Sublease shall be effective between Sublandlord and Subtenant as of the Sublease Date. The term of this Sublease will commence on the Commencement Date, and will expire, unless sooner terminated as
provided in this Sublease or the Master Lease, at the end of the Term. 
  
 3.1. Early Occupancy. Subject to Sublandlord removing a current tenant that occupies a portion of the Subleased Premises, which Sublandlord undertakes commercially reasonable efforts to accomplish at the earliest possible date,
Subtenant shall have the right to enter the Subleased Premises, prior to the Commencement Date, at no cost to Subtenant, not for full occupancy, but for the sole purpose of installing Subtenant’s office equipment, moving and set up of
furniture, installation of network, voice, and data cabling, and to prepare for 

  

 4 

 
Subtenant’s occupancy. Such early entrance or occupancy shall occur as soon as: (i) the Sublease is fully executed, and (ii) receipt of the consent from
the Master Lessor and Stanford Management Company is received. During such early occupancy, Subtenant shall not in any way interfere with or delay any work from being completed by Sublandlord or otherwise cause additional cost or expense to
Sublandlord. 
  
 3.2 Option to Cancel. Subtenant shall
have the right to cancel this Sublease anytime after the 36th month of occupancy, by providing six (6) months
written notice to Sublandlord. Subtenant shall pay unamortized real estate commissions, as listed in Basic Sublease Information Section at the beginning of this Sublease, as a condition for the right to exercise such cancellation. 
  
 3.3 Option to Renew. Subtenant shall have the option to request one
(1) one option to extend this Sublease for a term of one (1) year at a rate of ninety five percent (95%) of then fair market value of the Premises, based on fair market value of other general use buildings in the Stanford Industrial Park, as
determined by a local broker selected by agreement between Sublandlord and Subtenant. Subtenant shall provide Sublandlord with six (6) months advance written notice of intent to exercise such option to renew. 
  
 4. Base Rent. Subtenant will pay Base Rent during the term of this Sublease in the
amounts specified for particular portions of the Term in the Basic Sublease Information. The Base Rent shall be payable by Subtenant to Sublandlord monthly in advance on the first day of each month. In the event that the Term of this Sublease begins
or ends on a date that is not the first day of a month, Base Rent will be prorated as of that date. 
  
 4.1. Prepaid Rent. In addition to the Security Deposit, concurrently with execution of this Sublease Subtenant shall pay to Sublandlord the amount
of the Base Rent due for the 8th month of the Term. 
  
 4.2.
Security Deposit. Concurrently with Subtenant’s execution hereof, Subtenant shall pay to Sublandlord a security deposit for the faithful performance of all terms, covenants and conditions of this Sublease. The amount and character of such
deposit is specified in the Basic Sublease Information. Subtenant agrees that Sublandlord may apply such deposit to remedy any failure by Subtenant to pay rent or repair or maintain the Premises or to perform any other obligations hereunder. If
Subtenant has kept and performed all terms, covenants and conditions of this Sublease during the Term hereof, Sublandlord shall, upon the expiration or termination hereof, promptly return such deposit to Subtenant, or the last permitted assignee of
Subtenant’s interest hereunder. Should Sublandlord use any portion of such deposit pursuant to the foregoing, Subtenant shall replenish such deposit to such original amounts within ten (10) days following Sublandlord’s written request
therefor. Sublandlord shall not be required to keep such deposit separate from its general funds, and Subtenant shall not be entitled to interest on any such deposit. 
  
 4.3. Reduction in Security Deposit. Provided that there has been no default or late payments under this Sublease by
Subtenant, then Sublandlord shall return to Subtenant one-half of the security deposit ($19,662.75) on the thirty-sixth (36th) month of the Term. 
  

 5 

	 	5.	Additional Rent. Subtenant acknowledges that pursuant to the terms of the Master Lease, Sublandlord is obligated to pay as Additional Rent, Sublandlord’s Proportionate
Share of Operating Expenses as specified in Paragraph 7 of the Master Lease. Subtenant agrees that in addition to the Base Rent due under Section 3 above, Subtenant shall pay to Sublandlord as additional rent an amount equal to the amount of
Additional Rent payable by Sublandlord to the Master Landlord pursuant to the Master Lease multiplied by Subtenant’s Proportionate Share. Subtenant shall pay Subtenant’s Proportionate Share to Sublandlord at least five days prior to the
date Sublandlord must pay its Proportionate Share to Master Landlord pursuant to the terms of the Master Lease. Even though Base Rent for some period as specified in the Basic Sublease Information will be free, Subtenant will nevertheless be
responsible for paying Additional Rent during such months. Sublandlord agrees that the amount of Additional Rent Subtenant is required to pay for Subtenant’s Proportionate Share of Operating Expenses is initially eighty cents ($0.80) multiplied
times the agreed rentable square feet in the Subleased Premises, but is subject to recalculation. Additional Rent shall include all charges for any tax, insurance, janitorial service, or maintenance/repair work, but in any event shall not include
any amount not included in the definition of Operating Expenses in the Master Lease. In the event Sublandlord receives or is entitled to a refund or credit of Operating Expenses from Master Landlord on account of overpayment of Sublandlord’s
Operating Expenses as specified in Paragraph 7 of the Master Lease, attributable to the period of the Term, Sublandlord agrees to refund to Subtenant an amount equal to such refund or credit multiplied by Subtenant’s Proportionate Share.

  
 Notwithstanding the foregoing, Subtenant ‘s Proportionate
Share of Operating Expenses shall not include any expense attributable to the maintenance, repair or replacement of the elevator, it being agreed that such expenses are solely attributable to the existing second floor subtenant. 
  
 6. Use. Subtenant agrees to use the Subleased Premises in only accordance with the
provisions of the Master Lease and the Permitted Use under this Sublease, and for no other purpose. 
  
 7. Subtenant Improvements; “As Is” Condition of Subleased Premises; Furniture. 
  
 Except for the Subtenant Improvements described below and subject to Paragraph 7.2, Sublandlord will deliver, and Subtenant shall accept, the Subleased Premises to
Subtenant “broom clean” and in its current “as is” condition. 
  
 7.1. Subtenant Improvements. Sublandlord at Sublandlord’s sole cost and expense, shall cause the following improvements to be constructed or installed in the Subleased Premises pursuant to plans approved
by Sublandlord and Subtenant and attached hereto as Exhibit E (the “SubTenant Improvements”). All Subtenant improvements are subject to approval by Master Landlord. 
  
 (A)
                                ; 
  
 (B)
                                ; 
  
 (C)
                                ; 
  

 6 

 7.2. Condition. Notwithstanding anything to the contrary in this Sublease, Sublandlord warrants
that as of the Commencement Date the Subleased Premises, including the roof, HVAC, electrical, elevator, plumbing, doors, and lighting are in good working order, condition, and repair. Sublandlord makes no representations or warranties with respect
to the environmental condition of the Subleased Premises or the Project, and Subtenant hereby specifically acknowledges it is aware of and accepts: (i) the provisions of the Master Lease, Section 39B(l) describing certain Existing Conditions
relating to the Project, and (ii) the provisions of the Master Lease: Article 37 (Hazardous Materials). Sublessor represents that the Premises complies with the provisions of the Americans With Disabilities Act (ADA) as of the Commencement Date. Any
improvements needed to the Premises, as of the Commencement Date, to comply with ADA codes, shall be at the sole cost of Sublessor. 
  
 7.3. Furniture and Equipment. Sublandlord and Subtenant agree that the Subleased Premises will contain the furniture listed on Exhibit
C to this Sublease (the “Furniture”). Subtenant shall have the right to use the Furniture at no additional charge throughout the Term and will not remove any of the Furniture either during the Term or at the expiration of the term
of this Sublease. The Furniture shall at all times remain the property of Sublandlord. After the Commencement Date, Subtenant shall be responsible for the costs of furniture installation, moving, connection and partitioning the telephone switch, if
any. Subtenant shall be responsible for all costs of maintenance, insurance and services fees for the Furniture during the Term. Subtenant accepts the Furniture in its current “AS-IS” condition. 
  
 7.4. Restoration. Upon the expiration or earlier termination of this
Sublease, Subtenant agrees to restore the Subleased Premises to its condition prior to the construction of any Subtenant improvements and otherwise in accordance with the provisions of the Master Lease; provided, however, such restoration obligation
shall not extend to the Subtenant Improvements made by Sublandlord as contemplated pursuant to Section 7.1 hereof. 
  
 7.5. Lease Improvement Agreement. The Master Lease Agreement, Exhibit C (Lease Improvement Agreement) shall govern the construction of Subtenant
Improvements except that: (i) Section 4.2 of such Lease Improvement Agreement shall not apply and Subtenant will NOT be entitled to receive any tenant improvement allowance in connection with the Subtenant improvements and (ii) Section 7.1 of such
Lease Improvement Agreement shall not apply. 
  

	8.	Master Lease. Terms of Master Lease Govern Sublease. Except as otherwise expressly provided in Section 10 of this Sublease, the covenants, agreements, provisions, and
conditions of the Master Lease-to the extent that they relate to the Subleased Premises and to the extent that they are not inconsistent with the terms of this Sublease-are made a part of and incorporated into this Sublease as if recited in full in
this Sublease. 

  
 8.2. Terms
“Landlord” and “Tenant”. Except as otherwise expressly provided in Section 10 of this Sublease ,as applied to this Sublease, the words “Landlord” and “Tenant” in the Master Lease will be deemed to refer to
Sublandlord and Subtenant, respectively, under this Sublease and the rights and obligations of the Master Landlord and the Tenant under the Master Lease will be deemed the rights and obligations of Sublandlord and Subtenant, respectively, under this
Sublease, and will inure to the benefit of, and be binding on, Sublandlord and Subtenant, respectively. 
  

 7 

 8.3. Conflicts Between Master Lease and Sublease. As between the parties to this Sublease only, in
the event of a conflict between the terms of the Master Lease and the terms of this Sublease, the terms of this Sublease will control. 
  
 9. Performance by Sublandlord; Status of Master Lease 
  
 9.1. Sublandlord’s Performance Conditioned on Master Landlord’s Performance. 
  
 Subtenant recognizes that Sublandlord is not in a position to render any of
the services or to perform any of the obligations required of Master Landlord by the terms of the Master Lease. Therefore, despite anything to the contrary in this Sublease, Subtenant agrees that performance by Sublandlord of its obligations under
this Sublease is conditioned on performance by the Master Landlord of its corresponding obligations under the Master Lease, and Sublandlord will not be liable to Subtenant for any default of the Master Landlord under the Master Lease. 
  
 9.2. No Claim Against Sublandlord; Sublease Remains in Force.
Subtenant will not have any claim against Sublandlord based on the Master Landlord’s failure or refusal to comply with any of the provisions of the Master Lease unless that failure or refusal is a result of Sublandlord’s act or failure to
act. Despite the Master Landlord’s failure or refusal to comply with any of those provisions of the Master Lease, this Sublease will remain in full force and effect and Subtenant will pay the Base Rent and additional rent and all other charges
provided for in this Sublease without any abatement, deduction or setoff, except to the extent that Sublandlord is entitled to abatement, deduction or setoff under the Master Lease. 
  
 9.3. Obtaining Master Landlord’s Consent. Whenever the consent of the Master Landlord is required under
the Master Lease, and whenever the Master Landlord fails to perform its obligations under the Master Lease, Sublandlord agrees to use its reasonable, good faith efforts to obtain, at Subtenant’s sole cost and expense, that consent or
performance on behalf of Subtenant, provided however that obtaining the Master Landlord’s consent to this Sublease shall be at the sole cost and expense of Sublandlord. 
  
 9.4. No Existing Defaults. Sublandlord represents and warrants to Subtenant that the Master Lease is in full
force and effect, and Sublandlord has neither given nor received a notice of default under the Master Lease. 
  
 9.5. Preservation of Master Lease. Sublandlord agrees not to terminate the Master Lease voluntarily, or modify the Master Lease in a manner
that materially adversely affects Subtenant’s rights under this Sublease. Subtenant and Sublandlord will each refrain from any act or omission that would result in the failure or breach of any of the covenants, provisions, or conditions of the
Master Lease on the part of the Tenant under the Master Lease. 
  
 10.
Variations from Master Lease. As between Sublandlord and Subtenant, the terms and conditions of the Master Lease are modified as stated below in this Section 10: 
  

 8 

 10.1. Basic Sublease Information. To the extent that any of the Definitions of Defined
Terms in the Basic Sublease Information are different than the Basic Lease Information in the Master Lease, the Definitions of Defined Terms in the Basic Sublease Information shall be deemed substituted as the definitions of the defined terms as
such terms as used in the Master Lease 
  
 10.2.
Brokers. The parties to this Sublease warrant to each other that neither party dealt with any broker or finder in connection with the consummation of this Sublease other than the Brokers specified in the Basic Sublease Information
(“Broker”) and each party agrees to protect, defend, indemnify and hold the other party harmless from and against any and all claims or liabilities for brokerage commissions or finder’s fees arising out of that party’s acts in
connection with this Sublease to anyone other than a Broker. The provisions of this Section 10.2 will survive the expiration or earlier termination of this Sublease. Sublandlord shall pay the Subtenant’s Broker a fee equal to 6% of the total
Base Rent and Subtenant shall not be obligated to pay any broker fee or commission, except in the event that Subtenant terminates this lease early, pursuant to Section 3.2, in which event Subtenant shall reimburse Sublandland for any unamortized
Broker fees, based on a 66 month amortization. The Broker fees are as follows: 
  

	 1.
	  	 Procuring Broker:
	  	$	75,154.00
	 2.
	  	 Listing Broker:
	  	$	31,971.00
	 3.
	  	 Sares Regis Group
	  	$	25,489.00

  
 10.3. Insurance and
Condemnation Proceeds. Despite anything contained in the Master Lease to the contrary, as between Sublandlord and Subtenant only, in the event of damage to or condemnation of the Subleased Premises, all insurance proceeds or condemnation
awards received by Sublandlord under the Master Lease will be deemed to be the property of Sublandlord, and Sublandlord will have no obligation to rebuild or restore the Subleased Premises; provided, however, Sublandlord will pay to Subtenant such
portion of any such insurance proceeds or condemnation awards attributable to Tenant’s fixtures, equipment or other property in the Premises. 
  
 10.4. Notices. All notices, demands, statements and requests required or permitted to be given under this Sublease as between Sublandlord
and Subtenant shall be in writing and shall be delivered by one of the following methods of delivery: 
  
 10.4.1. Personal Service. Personal service, in which event the notice shall be deemed to have been given upon actual receipt; 
  
 10.4.2. Courier. Federal Express, Airborne Express or another
nationally recognized overnight courier service, in which event the notice shall be deemed to have been given on the date indicated in the courier’s records as the date of delivery or first attempted delivery to the address of the addressee;

  
 10.5. Amounts Payable. All amounts payable
under this Sublease by Subtenant are payable directly to Sublandlord. 
  

 9 

 10.6. Provisions of Master Lease Not Applicable. The provisions of the following Paragraphs
of the Master Lease will not apply to this Sublease: 
  

	 •
	    	21	    	Assignment and Subletting
			
	 •
	    	39A	    	Term Commencement Date
			
	 •
	    	39C	    	Rent
			
	 •
	    	39D	    	Early Occupancy of the Building B Premises
			
	 •
	    	39E	    	Letter of Credit

  
 11. Indemnity. Subtenant
agrees to protect, defend, indemnify, and hold Sublandlord harmless from and against any and all liabilities, claims, expenses, losses and damages (including reasonable attorney fees and costs), that may at any time be asserted against Sublandlord
by (a) the Master Landlord for failure of Subtenant to perform any of the covenants, agreements, terms, provisions, or conditions contained in the Master Lease that Subtenant is obligated to perform under the provisions of this Sublease; or (b) any
person as a result of Subtenant’s use or occupancy of the Subleased Premises. The provisions of this Section 11 will survive the expiration or earlier termination of the Master Lease or this Sublease and are in addition to any indemnities
contained in the Master Lease. 
  
 Sublandlord agrees to protect, defend,
indemnify, and hold Subtenant harmless from and against any and all liabilities, claims, expenses, losses and damages (including reasonable attorney fees and costs), that may at any time be asserted against Subtenant by the Master Landlord for
failure of Sublandlord to perform any of the covenants, agreements, terms, provisions, or conditions contained in the Master Lease that Sublandlord is obligated to perform under the provisions of this Sublease. The provisions of this Section 11 will
survive the expiration or earlier termination of the Master Lease or this Sublease and are in addition to any indemnities contained in the Master Lease. 
  
 12. Cancellation of Master Lease. In the event the Master Lease is canceled or terminated for any reason, or involuntarily surrendered by operation of law
before the expiration date of this Sublease, Subtenant agrees, at the sole option of the Master Landlord, to attorn to the Master Landlord for the balance of the term of this Sublease and on the then executory terms of this Sublease. Such attornment
will be evidenced by an agreement in form and substance reasonably satisfactory to the Master Landlord. Subtenant agrees to execute and deliver such an agreement at any time within ten (10) business days after request by the Master Landlord.
Subtenant waives the provisions of any law now or later in effect that may provide Subtenant any right to terminate this Sublease or to surrender possession of the Subleased Premises in the event any proceeding is brought by the Master Landlord to
terminate the Master Lease. 
  
 13. Assignment or Subleasing.
Subject to Subtenant obtaining such consents and approvals as are required from the Master Landlord pursuant to the Master Lease and the Ground Lessor pursuant to the Ground Lease, upon compliance with the following, Subtenant may sublease all or a
portion of the Subleased Premises with Sublandlord’s prior written consent, which consent 

  

 10 

 
shall not be unreasonably withheld. Notwithstanding the foregoing, Subtenant shall be permitted to sublease all or a portion of the Subleased Premises
without Sublandlord’s prior consent to any entity that is controlling, controlled by, under common control with at least at 51% interest, by Subtenant (a “Permited Sub-sublease”) provided that any such Permitted Sub-sublease shall be
subject and subordinate to this Sublease and the sub-subleased portion of the Subleased Premises shall not be separately demised, and Subtenant shall remain liable to Sublandlord for all obligations hereunder, including, without limitation, all rent
payment obligations. 
  
 13.1. Notice to
Sublandlord. Subtenant shall give Sublandlord written notice at least thirty (30) days prior to the anticipated effective date of the proposed sublease, which notice shall identify the proposed subtenant, shall specify the rent and other
principal terms of the proposed sublease arrangement, and shall indicate the proposed date upon which such subtenant shall be entitled to occupancy of the Sublease Premises or portion thereof. Thereafter, Subtenant agrees to provide to Sublandlord
such additional information regarding such subtenant and the proposed sublease as Sublandlord shall request. Such sublease must provide that such subtenant acknowledges that such sublease is subject to this Sublease, the Master Lease and the Ground
Lease. Prior to the date upon which such subtenant takes occupancy of the Subleased Premises, Subtenant shall deliver to Sublandlord a copy of the executed sublease. 
  
 13.2. Access and Security Coordination. Subtenant agrees to cause any party subleasing from Subtenant all or a
portion of the Subleased Premises to comply with such rules and restrictions as Sublandlord may deem reasonable to impose regarding access to the Subleased Premises and security for the Subleased Premises and the remainder of the Project.

  
 13.3. Bonus Rent. Any Rent or other
consideration realized by Subtenant under any such sublease in excess of the Rent payable pursuant to this Sublease after reasonable subleasing costs (including broker fees (not to exceed the then market rate) and attorney fees (not to exceed
$5,000) incurred by Subtenant shall be divided and paid, fifty percent (50%) to Subtenant and fifty percent (50%) to Sublandlord. 
  
 14. General Provisions. 
  
 14.1. Consent of Landlord and Ground Lessor. The Master Landlord’s written consent to this Sublease in accordance with the terms of the
Master Lease and the written consent of the Ground Lessor under the Ground Lease are both conditions subsequent to the validity of this Sublease. The form of consent of both the Master Landlord and the Ground Lessor shall be subject to the review
and approval of Sublandlord and Subtenant and if not approved, then this Lease shall be null and void and Sublandlord and Subtenant shall have no further right or obligation hereunder. If the Master Landlord’s and Ground Lessor’s consent
has not been obtained and a copy of that consent delivered to Subtenant by the thirtieth (30th) day following the date of this Sublease, Subtenant shall thereafter have the ongoing right, subject to the terms of this Section 14.1, to terminate this
Sublease pursuant to a notice (the “Termination Notice”) so stating delivered to Sublandlord. If Sublandlord fails to deliver to Subtenant the consent of Master Landlord and Ground Lessor to this Sublease within ten (10) days following
receipt of the Termination Notice (the “Termination Date”), this Sublease shall automatically terminate and the parties shall be released from any further obligations 
  

 11 

 
under this Sublease. If, however, Sublandlord delivers to Subtenant the consent of Master Landlord and Ground Lessor on or before the Termination Date, the
condition subsequent set forth in this Section 14.1 shall be satisfied and this Sublease shall continue in full force and effect. 
  
 14.2. Capitalized Terms. All terms spelled with initial capital letters in this Sublease that are not expressly defined in this Sublease
will have the respective meanings given such terms in the Master Lease. 
  
 14.3. Word Usage. Unless the context clearly requires otherwise, (a) the plural and singular numbers will each be deemed to include the other; (b) the masculine, feminine, and neuter genders will each be
deemed to include the others; (c) “shall,” “will,” “must,” “agrees,” and “covenants” are each mandatory; (d) “may” is permissive; (e) “or” is not exclusive; and (f)
“includes” and “including” are not limiting. 
  
 14.4. Signage. Subtenant shall have the right to install directory and door signage, subject to the approval of Sublandlord, Master landlord, the City of Palo Alto and any other parties as required in the Master Lease.
Subtenant shall be responsible for all costs of installation, maintenance, damage and removal of Subtenant’s signage upon the expiration or earlier termination of this Sublease. Subtenant shall also have the right to install façade
signage, subject to the approval of Master Landlord and Ground Lessor at their sole discretion. 
  
 14.5. Disclosures. See Exhibit D 
  
 14.6. Confidentiality of Lease Subtenant and Subtenant’s Broker agree to keep the terms of this Sublease confidential and shall not disclose
same to any other person not a party hereto, without the prior written consent of Sublandlord, provided that Subtenant may disclose the terms hereof to Subtenant’s accountants, attorneys, managing employees, and others in privity with Subtenant
to the extent reasonably necessary for Subtenant’s business purposes without such prior written consent. 
  
 14.7 Use of Common Area. Subject to the consent of the existing second floor subtenant of the premises, Subtenant shall have the right to use the first
floor common area vestibule of the premises as its reception area, and shall have the right to use the existing reception furniture for said purpose. Sublandlord shall use commercially reasonable efforts to obtain the consent of the existing second
floor subtenant. 
  
 The parties have executed this Sublease as of the date
specified above. 
  

	SUBLANDLORD: TIBCO Software Inc., a Delaware corporation	  	SUBTENANT: Vyyo Inc., a Delaware corporation
				
	 By:
	 	  

	  	 By:
	 	 /s/    MICHAEL
CORWIN            

	 Name:
	 	  

	  	 Name:
	 	 Michael Corwin

	 Title:
	 	  

	  	 Title:
	 	 President and COO

	 By:
	 	  

	  	 By:
	 	 /s/    ANDREW
FRADKIN            

	 Name:
	 	  

	  	 Name:
	 	 Andrew Fradkin

	 Title:
	 	  

	  	 Title:
	 	 Secretary

  

 12 

 Exhibit A 
 [Master Lease] 
  

 13 

 Exhibit B 
 [Description of Subleased Premises] 
  

 14 

 Exhibit C 
 [List of Included Furniture and Equipment] 
  

 15 

 Exhibit D 
 [Disclosures] 
  

 16 

 Exhibit E 
 [Plans for SubTenant Improvements] 
  

 17

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