Document:

EX-10.10

 Exhibit 10.10 

Office Lease 
 THE TOWERS @
SHORES CENTER 
 203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

Between 
 HUDSON TOWERS AT
SHORE CENTER, LLC, 
 a Delaware limited liability company 

as Landlord, 
 and 

POSHMARK, INC., 
 a
Delaware corporation 
 as Tenant 

 OFFICE LEASE 

This Office Lease (this “Lease”), dated as of the date set forth in Section 1.1, is made by and
between HUDSON TOWERS AT SHORE CENTER, LLC, a Delaware limited liability company (“Landlord”), and POSHMARK, INC., a Delaware corporation (“Tenant”). The following exhibits are incorporated herein and
made a part hereof: Exhibit A (Outline of Premises); Exhibit B (Work Letter); Exhibit C (Form of
Confirmation Letter); Exhibit D (Rules and Regulations); Exhibit E (Judicial Reference); Exhibit F
(Additional Provisions); Exhibit G ([Intentionally Omitted]); Exhibit H (Initial Location of Reserved Parking Spaces); Exhibit I (Approximate Location of Building
Signage); Exhibit J (Outline of Potential Refusal Space); and Exhibit K (Outline of Potential Offering Space). 
 1 BASIC
LEASE INFORMATION. 
  

			
		
	 1.1  Date:
	  	August 9, 2018
		
	 1.2  Premises.
	  	
		
	 1.2.1  “Building”:
	  	203 Redwood Shores Parkway, Redwood City, California, commonly known as Towers @ Shores - 203 Redwood Shores.
		
	 1.2.2  “Premises”:
	  	Subject to Section 2.1.1, 50,327 rentable square feet of space consisting of (a) Suite 700 consisting of approximately 25,175 rentable square feet located on the seventh floor of the Building, and
(b) Suite 800 consisting of approximately 25,152 rentable square feet located on the eighth floor of the Building, the outline and location of which are set forth in Exhibit A. If the Premises include any floor in its
entirety, all corridors and restroom facilities located on such floor shall be considered part of the Premises.
		
	 1.2.3  “Property”:
	  	The Building, the parcel(s) of land upon which it is located, and, at Landlord’s discretion, any parking facilities and other improvements serving the Building and the parcel(s) of land upon which such parking facilities and
other improvements are located.
		
	 1.2.4  “Project”:
	  	The Property or, at Landlord’s discretion, any project containing the Property and any other land, buildings or other improvements.
		
	 1.3  Term
	  	
		
	 1.3.1  Term:
	  	The term of this Lease (the “Term”) shall begin on the Commencement Date and expire on the Expiration Date (or any earlier date on which this Lease is terminated as provided herein).
		
	 1.3.2  “Commencement Date”:
	  	The later of (i) March 1, 2019, or (ii) the date on which the Tenant Improvement Work (defined in Exhibit B) is Substantially Complete (defined in Exhibit B).
		
	 1.3.3  “Expiration Date”:
	  	The last day of the 63rd full calendar month beginning on the Commencement Date; provided, however, that if the Commencement Date is not the first day of a month, then the
Expiration Date shall be the last day of the 63rd full calendar month beginning immediately after the Commencement Date.

  
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	 1.4  “Base Rent”:
	  	

  

													
	 Period During
 Term
	  	Annual Base Rent
Per Rentable
Square Foot
(rounded to the
nearest 100th of a
dollar)	 	  	Monthly Base
Rent Per Rentable
Square Foot
(rounded to the
nearest 100th of a
dollar)	 	  	 Monthly

Installment
 of Base
Rent
	 
	 Commencement Date through last day of 12th
full calendar month of Term
	  	$	66.00	 	  	$	5.50	 	  	$	276,798.50	 
	 13th through 24th full calendar months of Term
	  	$	67.98	 	  	$	5.67	 	  	$	285,102.46	 
	 25th through 36th full calendar months of Term
	  	$	70.02	 	  	$	5.83	 	  	$	293,655.53	 
	 37th through 48th full calendar months of Term
	  	$	72.12	 	  	$	6.01	 	  	$	302,465.19	 
	 49th through 60th full calendar months of Term
	  	$	74.28	 	  	$	6.19	 	  	$	311,539.15	 
	 61st full calendar month of Term through
Expiration Date
	  	$	76.51	 	  	$	6.38	 	  	$	320,885.32	 

 Notwithstanding the foregoing, Base Rent shall be abated, in the amount of (a) $276,798.50 per month, for the first four
(4) full calendar months of the Term, (b) $285,102.46 per month, for the thirteenth (13th), fourteenth (14th) and fifteenth (15th) full calendar months of the Term, and (c) $293,655.53 per month, for the twenty-fifth (25th) and twenty-sixth (26th) full calendar months of the Term; provided, however, that if a Default (defined in Section 19.1) exists when any such abatement would otherwise apply, such abatement
shall be deferred until the date, if any, on which such Default is cured. 

  
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	 1.5  “Base Year” for Expenses:
	  	Calendar year 2019.
		
	 “Base Year” for Taxes:
	  	Calendar year 2019.
		
	 1.6  “Tenant’s Share”:
	  	 15.0462% (based upon a total of 334,483 rentable square feet in the Building), subject to Section 2.1.1.

 
 Notwithstanding any contrary provision hereof, for purposes of the definition of
Tenant’s Share, the second sentence of Section 2.1.1, and Sections 2.2 and 4, “Building” means, collectively, the Related Buildings (defined below), and “Property” means, collectively, the Related
Buildings, the parcel(s) of land upon which the Related Buildings are located and, at Landlord’s discretion, the parking facilities and other improvements, if any, serving the Related Buildings and the parcels of land upon which such parking
facilities and improvements are located. As used herein, “Related Buildings” means, collectively, the two (2) buildings located at 201 Redwood Shores Parkway and 203 Redwood Shores Parkway, Redwood City, California; provided,
however, that, at Landlord’s option from time to time, any such building, other than the building(s) in which the Premises are located, may be removed from the Related Buildings (whether as a result of a sale or demolition of such building or
otherwise) and any building owned by Landlord may be added to the Related Buildings (whether as a result of a purchase or development of such building or otherwise), in which event, effective as of the date of such removal or addition, Tenant’s
Share, together with Expenses and Taxes for the Base Year, shall be recalculated accordingly.

		
	 1.7  “Permitted Use”:
	  	General office use consistent with a first-class office building.
		
	 1.8.   “Security Deposit”:
	  	$830,395.50.
		
	 Prepaid Base Rent:
	  	$276,798.50, as more particularly described in Section 3.
		
	 1.9  Parking:
	  	 One-hundred and sixty (160) unreserved parking spaces, at the rate of $0.00 per space per
month.
  
 Eight (8) reserved parking spaces (“Reserved Spaces”),
at the rate of $0.00 per space per month. Subject to Section 24, the initial location for the Reserved Spaces is shown on Exhibit H attached hereto. Landlord shall install Building-standard signage (or signage otherwise
acceptable to Landlord) designating Tenant’s reserved parking spaces, and Tenant shall reimburse Landlord within 30 days after demand for any reasonable costs incurred by Landlord to manufacture, install, maintain and, upon the expiration or
earlier termination of this Lease, remove such signage.

		
	 1.10  Address of Tenant:
	  	 Before the Commencement Date:
  

POSHMARK, INC.
 101 Redwood Shores Parkway, Suite 200

Redwood City, CA 94065
  

From and after the Commencement Date: the Premises.

  
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	 1.11  Address of Landlord:
	  	 Hudson Towers at Shore Center
 c/o Hudson
Pacific Properties
 950 Tower Lane, Suite 1800
 Foster City,
California 94404
 Attn: Building manager
  

with copies to:
  

Hudson Towers at Shore Center
 c/o Hudson Pacific Properties

950 Tower Lane, Suite 1800
 Foster City, California 94404

Attn: Managing Counsel
  

and:
  

Hudson Towers at Shore Center
 c/o Hudson Pacific Properties

11601 Wilshire Boulevard, Suite 900
 Los Angeles, California
90025
 Attn: Lease Administration

		
	 1.12  Broker(s):
	  	S5 Advisors (“Tenant’s Broker”), representing Tenant, and Newmark Cornish & Carey (“Landlord’s Broker”), representing Landlord.
		
	 1.13  Building HVAC Hours and Holidays:
	  	“Building HVAC Hours” mean 8:00 a.m. to 6:00 p.m., Monday through Friday, excluding the day of observation of New Year’s Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Thanksgiving
Day, Christmas Day, and, at Landlord’s discretion, any other locally or nationally recognized holiday that is observed by other Comparable Buildings (defined in Section 25.10) (collectively, “Holidays”).
		
	 1.14  “Tenant Improvements”:
	  	Defined in Exhibit B, if any.
		
	 1.15  “Guarantor”:
	  	As of the date of this Lease, there is no Guarantor.

 2 PREMISES AND COMMON AREAS. 

2.1 The Premises. 

2.1.1 Subject to the terms hereof, Landlord hereby leases the Premises to Tenant and Tenant hereby leases the Premises from Landlord. Landlord
and Tenant acknowledge that the rentable square footage of the Premises is as set forth in Section 1.2.2 and the rentable square footage of the Building is as set forth in Section 1.6. At any time
Landlord may deliver to Tenant a notice substantially in the form of Exhibit C, as a confirmation of the information set forth therein. Tenant shall execute and return (or, by notice to Landlord,
reasonably object to) such notice within ten (10) business days after receiving it, and if Tenant fails to do so, Tenant shall be deemed to have executed and returned it without exception. 

2.1.2 Except as expressly provided herein, the Premises are accepted by Tenant in their configuration and condition existing on the date hereof
(or in such other configuration and condition as any existing tenant of the Premises may cause to exist in accordance with its lease), without any obligation of Landlord to perform or pay for any alterations to the Premises, and without any
representation or warranty regarding the configuration or condition of the Premises, the Building or the Project or their suitability for Tenant’s business. 

2.2 Common Areas. Tenant may use, in common with Landlord and other parties and subject to the Rules and Regulations
(defined in Exhibit D), any portions of the Property that are designated from time to time by Landlord for such use (the “Common Areas”). 

3 RENT. Tenant shall pay all Base Rent and Additional Rent (defined below) (collectively, “Rent”) to Landlord or Landlord’s
agent, without prior notice or demand or any setoff or deduction, at the place Landlord may designate from time to time, in money of the United States of America that, at the time of payment, is legal tender for the payment of all obligations. As
used herein, “Additional Rent” means all amounts, other than Base Rent, that Tenant is required to pay Landlord hereunder. Monthly payments of 

  
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Base Rent and monthly payments of Additional Rent for Expenses (defined in Section 4.2.2), Taxes (defined in Section 4.2.3) and parking (collectively, “Monthly
Rent”) shall be paid in advance on or before the first day of each calendar month during the Term; provided, however, that the installment of Base Rent for the first full calendar month for which Base Rent is payable hereunder shall be paid
upon Tenant’s execution and delivery hereof. Except as otherwise provided herein, all other items of Additional Rent shall be paid within 30 days after Landlord’s request for payment. Rent for any partial calendar month shall be prorated
based on the actual number of days in such month. Without limiting Landlord’s other rights or remedies, (a) if any installment of Rent is not received by Landlord or its designee within five (5) business days after its due date, Tenant shall
pay Landlord a late charge equal to 5% of the overdue amount (provided, however, that such late charge shall not apply to any such delinquency unless either (i) such delinquency is not cured within five (5) business days after notice from
Landlord, or (ii) Tenant previously received notice from Landlord of a delinquency that occurred earlier in the same calendar year); and (b) any Rent that is not paid within 10 days after its due date shall bear interest, from its due date until
paid, at the lesser of 10% per annum or the highest rate permitted by Law (defined in Section 5). Tenant’s covenant to pay Rent is independent of every other covenant herein. 

4 EXPENSES AND TAXES. 
 4.1 General
Terms. In addition to Base Rent, Tenant shall pay, in accordance with Section 4.4, for each Expense Year (defined in Section 4.2.1), an amount equal to the sum of
(a) Tenant’s Share of any amount (the “Expense Excess”) by which Expenses for such Expense Year exceed Expenses for the Base Year, plus (b) Tenant’s Share of any amount (the “Tax Excess”) by
which Taxes for such Expense Year exceed Taxes for the Base Year. No decrease in Expenses or Taxes for any Expense Year below the corresponding amount for the Base Year shall entitle Tenant to any decrease in Base Rent or any credit against amounts
due hereunder. Tenant’s Share of the Expense Excess and Tenant’s Share of the Tax Excess for any partial Expense Year shall be prorated based on the number of days in such Expense Year. 

4.2 Definitions. As used herein, the following terms have the following meanings: 

4.2.1 “Expense Year” means each calendar year (other than the Base Year and any preceding calendar year) in which any portion
of the Term occurs. 
 4.2.2 “Expenses” means all expenses, costs and amounts that Landlord pays or accrues during the Base
Year or any Expense Year because of or in connection with the ownership, management, maintenance, security, repair, replacement, restoration or operation of the Property. Landlord shall act in a reasonable manner in incurring Expenses. Expenses
shall include (i) the cost of supplying all utilities, the cost of operating, repairing, maintaining and renovating the utility, telephone, mechanical, sanitary, storm-drainage, and elevator systems, and the cost of maintenance and service
contracts in connection therewith; (ii) the cost of licenses, certificates, permits and inspections, the cost of contesting any Laws that may affect Expenses, and the costs of complying with any governmentally-mandated transportation-management
or similar program; (iii) the cost of all insurance premiums and deductibles (subject to clause (j) of the following paragraph); (iv) the cost of landscaping and relamping; (v) the cost of parking-area operation, repair,
restoration, and maintenance; (vi) a management fee in the amount (which fee may be imputed if Landlord has internalized management or otherwise acts as its own property manager and which fee is hereby acknowledged to be reasonable) equal to 3%
of gross annual receipts from the Property (excluding the management fee), together with other fees and costs, including consulting fees, legal fees and accounting fees, of all contractors and consultants in connection with the management,
operation, maintenance and repair of the Property; (vii) the fair rental value of any management office space; (viii) wages, salaries and other compensation, expenses and benefits, including taxes levied thereon, of all persons engaged in
the operation, maintenance and security of the Property, and costs of training, uniforms, and employee enrichment for such persons; (ix) the costs of operation, repair, maintenance and replacement of all systems and equipment (and components
thereof) of the Property, subject to (xii) below; (x) the cost of janitorial, alarm, security and other services, replacement of wall and floor coverings, ceiling tiles and fixtures in Common Areas, maintenance and replacement of curbs and
walkways, repair to roofs and re-roofing; (xi) rental or acquisition costs of supplies, tools, equipment, materials and personal property used in the maintenance, operation and repair of the Property;
(xii) the cost of capital improvements or any other items that are (A) reasonably intended to reduce current or future Expenses, or enhance the safety or security of the Property or its occupants, (B) replacements or modifications of
the nonstructural portions of the Base Building (defined in Section 5) or Common Areas that are required to keep the Base Building or Common Areas in good condition, or (C) required under any Law (except to the extent
that such Law was in effect and required the installation of such capital improvements or other items before the date hereof); (xiii) [intentionally omitted]; and (xiv) payments under any existing or future reciprocal easement agreement,
transportation management agreement, cost-sharing agreement or other covenant, condition, restriction or similar instrument affecting the Property. 

Notwithstanding the foregoing, Expenses shall not include: (a) capital expenditures not described in clauses (xi) or
(xii) above (in addition, any capital expenditure shall be included in Expenses only if paid or accrued after the Base Year and shall be amortized (including actual or imputed interest on the amortized cost at Landlord’s cost of funds)
over the lesser of (i) the useful life of the item purchased through such capital expenditure, as reasonably determined by Landlord, or (ii) the period of time that 

  
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Landlord reasonably estimates will be required for any Expense savings resulting from such capital expenditure to equal such capital expenditure; provided, however, that any capital expenditure
that is included in Expenses solely on the grounds that it is intended to reduce current or future Expenses shall be so amortized over the period of time described in the preceding clause (ii)); (b) depreciation; (c) principal
payments of mortgage or other non-operating debts of Landlord; (d) costs of repairs to the extent Landlord is reimbursed by insurance or condemnation proceeds; (e) costs of leasing space in the
Building, including brokerage commissions, lease concessions, rental abatements and construction allowances granted to specific tenants; (f) costs of selling, financing or refinancing the Building; (g) fines, penalties or interest
resulting from late payment of Taxes or Expenses; (h) organizational expenses of creating or operating the entity that constitutes Landlord; (i) damages paid to Tenant hereunder or to other tenants of the Building under their respective
leases; or (j) insurance deductibles other than (i) earthquake insurance deductibles up to 5.0% of the total insurable value of the Property per occurrence (provided, however, that, any earthquake insurance deductible shall be amortized by
Landlord over 10 years), and (ii) any other insurance deductibles up to $100,000.00 per occurrence. 
 If, in any Expense Year,
Landlord incurs premiums for earthquake insurance for a period of time that is longer or shorter than that, if any, for which Landlord incurred premiums for substantially the same type of insurance during the Base Year, then, for purposes of
determining the Expense Excess for such Expense Year, Expenses for the Base Year shall be increased or decreased, as appropriate, so that the total amount of Expenses for the Base Year is equal to what it would have been if Landlord had incurred
such premiums for exactly the same period of time during the Base Year as Landlord incurred them during such Expense Year (and all other components of Expenses for the Base Year had remained the same). For purposes of the preceding sentence,
time periods shall be measured in days in a 365-day year, and the shortest possible “period of time” shall be zero (0) days. This paragraph shall not apply to any insurance deductible. 

If, during any portion of the Base Year or any Expense Year, the Building is not 100% occupied (or a service provided by Landlord to Tenant is
not provided by Landlord to a tenant that provides such service itself, or any tenant of the Building is entitled to free rent, rent abatement or the like), Expenses for such year shall be determined as if the Building had been 100% occupied (and
all services provided by Landlord to Tenant had been provided by Landlord to all tenants, and no tenant of the Building had been entitled to free rent, rent abatement or the like) during such portion of such year. Notwithstanding any contrary
provision hereof, Expenses for the Base Year shall exclude any market-wide cost increases resulting from extraordinary circumstances, including Force Majeure (defined in Section 25.2), boycotts, strikes, conservation
surcharges, embargoes or shortages. 
 Notwithstanding any contrary provision hereof, Controllable Expenses (defined below) shall not
increase after the Base Year by more than 7% per calendar year, as determined on a compounding and cumulative basis. By way of example and not of limitation, if Controllable Expenses for the Base Year are $10.00 per rentable square foot, then
Controllable Expenses for the first calendar year after the Base Year shall not exceed $10.70 per rentable square foot; Controllable Expenses for the second calendar year after the Base Year shall not exceed $11.45 per rentable square foot; and so
on. As used herein, “Controllable Expenses” means all Expenses other than (i) costs of utilities, (ii) insurance premiums and deductibles, (iii) capital expenditures. For purposes of determining Controllable Expenses,
any management fee shall be calculated without regard to any free rent, abated rent, or the like. 
 4.2.3 “Taxes” means all
federal, state, county or local governmental or municipal taxes, fees, charges, assessments, levies, licenses or other impositions, whether general, special, ordinary or extraordinary, that are paid or accrued during the Base Year or any Expense
Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing or operation of the Property. Taxes shall include (a) real estate taxes;
(b) general and special assessments; (c) transit taxes; (d) leasehold taxes; (e) personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems, appurtenances, furniture and other personal property
used in connection with the Property; (f) any tax on the rent, right to rent or other receipts from any portion of the Property or as against the business of leasing any portion of the Property; (g) any assessment, tax, fee, levy or charge
imposed by any governmental agency, or by any non-governmental entity pursuant to any private cost-sharing agreement, in order to fund the provision or enhancement of any fire-protection, street-, sidewalk- or
road-maintenance, refuse-removal or other service that is (or, before the enactment of Proposition 13, was) normally provided by governmental agencies to property owners or occupants without charge (other than through real property taxes); and
(h) payments in lieu of taxes under any tax increment financing agreement, abatement agreement, agreement to construct improvements, or other agreement with any governmental body or agency or taxing authority. Any costs and expenses (including
reasonable attorneys’ and consultants’ fees) incurred in attempting to protest, reduce or minimize Taxes shall be included in Taxes for the year in which they are incurred. Notwithstanding any contrary provision hereof, Taxes shall be
determined without regard to any “green building” credit and shall exclude (i) all excess profits taxes, franchise taxes, gift taxes, capital stock taxes, inheritance and succession taxes, transfer taxes, estate taxes, federal and
state income taxes, and other taxes to the extent (x) applicable to Landlord’s general or net income (as opposed to rents or receipts attributable to operations at the Property), or (y) measured solely by the square footage, rent,
fees, services, tenant allowances or similar amounts, rights or obligations described or provided in or under any particular lease, license or similar agreement or transaction at the Building; (ii) any Expenses, and (iii) any items
required to be paid or reimbursed by Tenant under Section 4.5. 

  
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 4.3 Allocation. Landlord, in its reasonable discretion, may equitably
allocate Expenses among office, retail or other portions or occupants of the Property. If Landlord incurs Expenses or Taxes for the Property together with another property, Landlord, in its reasonable discretion, shall equitably allocate such shared
amounts between the Property and such other property. 
 4.4 Calculation and Payment of Expense Excess and Tax Excess.

 4.4.1 Statement of Actual Expenses and Taxes; Payment by Tenant. Landlord shall give to Tenant, after the end of each
Expense Year, a statement (the “Statement”) setting forth the actual Expenses, Taxes, Expense Excess and Tax Excess for such Expense Year. If the amount paid by Tenant for such Expense Year pursuant to
Section 4.4.2 is less or more than the sum of Tenant’s Share of the actual Expense Excess plus Tenant’s Share of the actual Tax Excess (as such amounts are set forth in such Statement), Tenant shall pay Landlord
the amount of such underpayment, or receive a credit in the amount of such overpayment, with or against the Rent then or next due hereunder; provided, however, that if this Lease has expired or terminated and Tenant has vacated the Premises, Tenant
shall pay Landlord the amount of such underpayment, or Landlord shall pay Tenant the amount of such overpayment (less any Rent due), within 30 days after delivery of such Statement. Any failure of Landlord to timely deliver the Statement for
any Expense Year shall not diminish either party’s rights under this Section 4. 
 4.4.2 Statement of
Estimated Expenses and Taxes. Landlord shall give to Tenant, for each Expense Year, a statement (the “Estimate Statement”) setting forth Landlord’s reasonable estimates of the Expenses, Taxes, Expense Excess (the
“Estimated Expense Excess”) and Tax Excess (the “Estimated Tax Excess”) for such Expense Year. Upon receiving an Estimate Statement, Tenant shall pay, with its next installment of Base Rent, an amount equal to the
excess of (a) the amount obtained by multiplying (i) the sum of Tenant’s Share of the Estimated Expense Excess plus Tenant’s Share of the Estimated Tax Excess (as such amounts are set forth in such Estimate Statement), by
(ii) a fraction, the numerator of which is the number of months that have elapsed in the applicable Expense Year (including the month of such payment) and the denominator of which is 12, over (b) any amount previously paid by Tenant for
such Expense Year pursuant to this Section 4.4.2. Until Landlord delivers a new Estimate Statement (which Landlord may do at any time), Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to one-twelfth (1/12) of the sum of Tenant’s Share of the Estimated Expense Excess plus Tenant’s Share of the Estimated Tax Excess, as such amounts are set forth in the previous Estimate Statement. Any
failure of Landlord to timely deliver any Estimate Statement shall not diminish Landlord’s rights to receive payments and revise any previous Estimate Statement under this Section 4. 

4.4.3 Retroactive Adjustment of Taxes. Notwithstanding any contrary provision hereof, if, after Landlord’s delivery of any
Statement, an increase or decrease in Taxes occurs for the applicable Expense Year or for the Base Year (whether by reason of reassessment, error, or otherwise), Taxes for such Expense Year or the Base Year, as the case may be, and the Tax Excess
for such Expense Year shall be retroactively adjusted. If, as a result of such adjustment, it is determined that Tenant has under- or overpaid Tenant’s Share of such Tax Excess, Tenant shall pay Landlord the amount of such underpayment, or
receive a credit in the amount of such overpayment, with or against the Rent then or next due hereunder; provided, however, that if this Lease has expired or terminated and Tenant has vacated the Premises, Tenant shall pay Landlord the amount of
such underpayment, or Landlord shall pay Tenant the amount of such overpayment (less any Rent due), within 30 days after such adjustment is made. 

4.5 Charges for Which Tenant Is Directly Responsible. Notwithstanding any contrary provision hereof, Tenant, promptly upon
demand, shall pay (or if paid by Landlord, reimburse Landlord for) each of the following to the extent levied against Landlord or Landlord’s property: (a) any tax based upon or measured by (i) the cost or value of Tenant’s trade
fixtures, equipment, furniture or other personal property, or (ii) the cost or value of the Leasehold Improvements (defined in Section 7.1) to the extent such cost or value exceeds that of a Building-standard build-out, as determined by Landlord; (b) any rent tax, sales tax, service tax, transfer tax, value added tax, use tax, business tax, gross income tax, gross receipts tax, or other tax, assessment, fee, levy or
charge measured solely by the square footage, Rent, services, tenant allowances or similar amounts, rights or obligations described or provided in or under this Lease; (c) any tax assessed upon the possession, leasing, operation, management,
maintenance, alteration, repair, use or occupancy by Tenant of any portion of the Property; and (d) any tax assessed on this transaction or on any document to which Tenant is a party that creates an interest or estate in the Premises. 

  
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 4.6 Books and Records. Within 90 days after receiving any
Statement (the “Review Notice Period”), Tenant may give Landlord notice (“Review Notice”) stating that Tenant elects to review Landlord’s calculation of the Expense Excess and/or Tax Excess for the Expense Year
to which such Statement applies and identifying with reasonable specificity the records of Landlord reasonably relating to such matters that Tenant desires to review. Within a reasonable time after receiving a timely Review Notice (and, at
Landlord’s option, an executed confidentiality agreement as described below), Landlord shall deliver to Tenant, or make available for inspection at a location reasonably designated by Landlord, copies of such records. Within 90 days after such
records are made available to Tenant (the “Objection Period”), Tenant may deliver to Landlord notice (an “Objection Notice”) stating with reasonable specificity any objections to the Statement, in which event
Landlord and Tenant shall work together in good faith to resolve Tenant’s objections. Tenant may not deliver more than one Review Notice or more than one Objection Notice with respect to any Statement. If Tenant fails to give Landlord a Review
Notice before the expiration of the Review Notice Period or fails to give Landlord an Objection Notice before the expiration of the Objection Period, Tenant shall be deemed to have approved the Statement. Notwithstanding any contrary provision
hereof, Landlord shall not be required to deliver or make available to Tenant records relating to the Base Year, and Tenant may not object to Expenses or Taxes for the Base Year, other than in connection with the first review for an Expense Year
performed by Tenant pursuant to this Section 4.6. If Tenant retains an agent to review Landlord’s records, the agent must be with a CPA firm licensed to do business in the State of California with experience reviewing
books and records kept for Comparable Buildings and its fees shall not be contingent, in whole or in part, upon the outcome of the review. Tenant shall be responsible for all costs of such review. The records and any related information obtained
from Landlord shall be treated as confidential, and as applicable only to the Premises, by Tenant, its auditors, consultants, and any other parties reviewing the same on behalf of Tenant (collectively, “Tenant’s Auditors”).
Before making any records available for review, Landlord may require Tenant and Tenant’s Auditors to execute a reasonable confidentiality agreement, in which event Tenant shall cause the same to be executed and delivered to Landlord within
30 days after receiving it from Landlord, and if Tenant fails to do so, the Objection Period shall be reduced by one day for each day by which such execution and delivery follows the expiration of such
30-day period. Notwithstanding any contrary provision hereof, Tenant may not examine Landlord’s records or dispute any Statement if any Rent remains unpaid past its due date. If, for any Expense Year,
Landlord and Tenant determine that the sum of Tenant’s Share of the actual Expense Excess plus Tenant’s Share of the actual Tax Excess is less or more than the amount reported, Tenant shall receive a credit in the amount of its
overpayment, or pay Landlord the amount of its underpayment, against or with the Rent next due hereunder; provided, however, that if this Lease has expired or terminated and Tenant has vacated the Premises, Landlord shall pay Tenant the amount of
its overpayment (less any Rent due), or Tenant shall pay Landlord the amount of its underpayment, within 30 days after such determination. 
 5 USE;
COMPLIANCE WITH LAWS. 
 5.1 Tenant shall not (a) use the Premises for any purpose other than the Permitted Use, or (b) do
anything in or about the Premises that violates any of the Rules and Regulations, damages the reputation of the Project, interferes with, injures or annoys other occupants of the Project, or constitutes a nuisance. Tenant, at its expense, shall
comply with all Laws relating to (i) the operation of its business at the Project, (ii) the use, condition, configuration or occupancy of the Premises, (iii) any Supplemental Systems (defined below) serving the Premises, whether
located inside or outside of the Premises, or (iv) the portions of Base Building Systems (defined below) located in the Premises.; provided, however, that nothing in this sentence shall be deemed to require Tenant to make any change to any
Common Area or the Base Building (other than portions of Base Building Systems located in the Premises). If, in order to comply with any such Law, Tenant must obtain or deliver any permit, certificate or other document evidencing such compliance,
Tenant shall provide a copy of such document to Landlord promptly after obtaining or delivering it. Subject to Exhibit B, if a change to any Common Area or the Base Building (other than any portion of a Base Building System located in
the Premises) becomes required under Law (or if any such requirement is enforced) as a result of any Tenant-Requested Improvement (defined below) that is not of a type customarily required for general office use, any trade fixture that is not of a
type customarily required for general office use or because any use of the Premises that is not general office use, then Tenant, upon demand, shall (x) at Landlord’s option, either make such change at Tenant’s cost or pay Landlord the
cost of making such change, and (y) pay Landlord a coordination fee equal to 3% of the cost of such change. As used herein, “Law” means any existing or future law, ordinance, regulation or requirement of any governmental
authority having jurisdiction over the Project or the parties. As used herein, “Supplemental System” means any Unit (defined in Section 25.5), supplemental fire-suppression system, kitchen (including any
hot water heater, dishwasher, garbage disposal, insta-hot dispenser, or plumbing), shower or similar facility, or any other system that would not customarily be considered part of the base building of a
first-class multi-tenant office building. As used herein, “Base Building System” means any mechanical (including HVAC), electrical, plumbing or fire/life-safety system serving the Building, other than a Supplemental System. As used
herein, “Base Building” means the structural portions of the Building, together with the Base Building Systems. As used herein, “Tenant-Requested Improvement” means any Leasehold Improvements (defined in
Section 7.1 below) installed by or for the benefit of Tenant, whether pursuant to this Lease or pursuant to any prior lease or other agreement to which Tenant was a party. 

5.2 Landlord, at its expense (subject to Section 4), shall cause the Base Building and the Common Areas to comply
with all Laws (including the Americans with Disabilities Act) to the extent that such compliance is necessary for Tenant to use the Premises for general office use in a normal and customary manner and for Tenant’s employees and visitors to have
reasonably safe access to and from the 

  
 8 

 
Premises; provided, however, that Landlord shall not be required to cause or pay for such compliance to the extent that Tenant is required to cause or pay for such compliance under
Section 5.1 or 7.3 or any other provision hereof. Notwithstanding the foregoing, Landlord may contest any alleged violation in good faith, including by applying for and obtaining a waiver or deferment of compliance,
asserting any defense allowed by Law, and appealing any order or judgment to the extent permitted by Law; provided, however, that after exhausting any rights to contest or appeal, Landlord shall perform any work necessary to comply with any final
order or judgment. 
 6 SERVICES. 
 6.1
Standard Services. Landlord shall provide the following services on all days (unless otherwise stated below): (a) subject to limitations imposed by Law, customary heating, ventilation and air conditioning
(“HVAC”) in season during Building HVAC Hours, stubbed to the Premises; (b) electricity supplied by the applicable public utility, stubbed to the Premises; (c) water supplied by the applicable public utility (i) for
use in lavatories and any drinking facilities located in Common Areas within the Building, and (ii) stubbed to the Building core for use in any plumbing fixtures located in the Premises; (d) janitorial services to the Premises, except on
weekends and Holidays; (e) elevator service (subject to scheduling by Landlord, and payment of Landlord’s standard usage fee, for any freight service); and (f) access to the Building for Tenant and its employees, 24 hours per
day/7 days per week, subject to the terms hereof and such security or monitoring systems as Landlord may reasonably impose, including sign-in procedures and/or presentation of identification cards. 

6.2 Above-Standard Use. Landlord shall provide HVAC service outside Building HVAC Hours if Tenant gives Landlord such
prior notice and pays Landlord such hourly cost per zone as Landlord may require. The parties acknowledge that, as of the date hereof, Landlord’s charge for HVAC service outside Building HVAC Hours is $80.00 per hour per zone, subject to change
from time to time. Tenant shall not, without Landlord’s prior consent, use equipment that may affect the temperature maintained by the air conditioning system or consume above-Building-standard amounts of any water furnished for the
Premises by Landlord pursuant to Section 6.1. If Tenant’s consumption of electricity or water exceeds the rate Landlord reasonably deems to be standard for the Building, Tenant shall pay Landlord, upon billing, the
cost of such excess consumption, including any costs of installing, operating and maintaining any equipment that is installed in order to supply or measure such excess electricity or water. The connected electrical load of Tenant’s incidental-use equipment shall not exceed the Building-standard electrical design load, and Tenant’s electrical usage shall not exceed the capacity of the feeders to the Project or the risers or wiring
installation. 
 6.3 Interruption. Subject to Section 11, any failure to furnish, delay in
furnishing, or diminution in the quality or quantity of any service resulting from any application of Law, failure of equipment, performance of maintenance, repairs, improvements or alterations, utility interruption, or event of Force Majeure (each,
a “Service Interruption”) shall not render Landlord liable to Tenant, constitute a constructive eviction, or excuse Tenant from any obligation hereunder. Notwithstanding the foregoing, if all or a material portion of the
Premises is made untenantable or inaccessible for more than five (5) consecutive business days after notice from Tenant to Landlord by a Service Interruption that (a) does not result from a Casualty (defined in
Section 11), a Taking (defined in Section 13) or an Act of Tenant (defined in Section 10.1), and (b) can be corrected through Landlord’s reasonable efforts,
then, as Tenant’s sole remedy, Monthly Rent shall abate for the period beginning on the day immediately following such 5-business-day period and ending on the day
such Service Interruption ends, but only in proportion to the percentage of the rentable square footage of the Premises made untenantable or inaccessible and not occupied by Tenant. 

7 REPAIRS AND ALTERATIONS. 
 7.1
Repairs. Subject to Section 11, Tenant, at its expense, shall perform all maintenance and repairs (including replacements) to the Premises, and keep the Premises in as good condition and repair as
existed when Tenant took possession and as thereafter improved, except for reasonable wear and tear and repairs that are Landlord’s express responsibility hereunder. Tenant’s maintenance and repair obligations shall include (a) all
leasehold improvements in the Premises, including any Tenant Improvements, any Alterations (defined in Section 7.2), and any leasehold improvements installed pursuant to any prior lease (the “Leasehold
Improvements”), but excluding the Base Building; (b) any Supplemental Systems serving the Premises, whether located inside or outside of the Premises; and (c) all Lines (defined in Section 23) and trade
fixtures. Notwithstanding the foregoing, if a Default (defined in Section 19.1) or an emergency exists, Landlord may, at its option, perform such maintenance and repairs on Tenant’s behalf, in which case Tenant shall
pay Landlord, upon demand, the cost of such work plus a coordination fee equal to 3% of such cost. Landlord shall perform all maintenance and repairs to (i) the roof and exterior walls and windows of the Building, (ii) the Base Building,
and (iii) the Common Areas. 
 7.2 Alterations. Tenant may not make any improvement, alteration, addition or change
to the Premises or to any mechanical, plumbing or HVAC facility or other system serving the Premises (an “Alteration”) without Landlord’s prior consent, which consent shall be requested by Tenant not less than 15 days
before commencement of work and shall not be unreasonably withheld by Landlord. 

  
 9 

 
Notwithstanding the foregoing, Landlord’s prior consent shall not be required for any Alteration that is decorative only (e.g., carpet installation or painting) and not visible from
outside the Premises, provided that Landlord receives 10 business days’ prior notice. For any Alteration, (a) Tenant, before beginning work, shall deliver to Landlord, and obtain Landlord’s approval of, plans and specifications;
(b) for Alterations that cost more than $125,000, Landlord, in its reasonable discretion, may require Tenant to obtain security for performance reasonably satisfactory to Landlord; (c) Tenant shall deliver to Landlord “as built”
drawings (in CAD format, if requested by Landlord), completion affidavits, full and final lien waivers, and all governmental approvals; and (d) Tenant shall pay Landlord upon demand (i) Landlord’s reasonable out-of-pocket expenses incurred in reviewing the work, and (ii) a coordination fee equal to 3% of the cost of the work; provided, however, that clauses (b) and (d)
shall not apply to any Tenant Improvements. 
 7.3 Tenant Work. Before beginning any repair or Alteration or any work
affecting Lines (collectively, “Tenant Work”), Tenant shall deliver to Landlord, and obtain Landlord’s approval of (which approval shall not be unreasonably withheld), (a) names of contractors, subcontractors, mechanics,
laborers and materialmen; (b) evidence of contractors’ and subcontractors’ insurance in amounts and coverages as Landlord may reasonably require; and (c) any required governmental permits. Tenant shall perform all Tenant Work
(i) in a good and workmanlike manner using materials of a quality reasonably approved by Landlord; (ii) in compliance with any approved plans and specifications, all Laws, the National Electric Code, and Landlord’s construction rules
and regulations; and (iii) in a manner that does not impair the Base Building. If, as a result of any Tenant Work, Landlord becomes required under Law to perform any inspection, give any notice, or cause such Tenant Work to be performed in any
particular manner, Tenant shall comply with such requirement and promptly provide Landlord with reasonable documentation of such compliance. Landlord’s approval of Tenant’s plans and specifications shall not relieve Tenant from any
obligation under this Section 7.3. In performing any Tenant Work, Tenant shall not use contractors, services, labor, materials or equipment that, in Landlord’s reasonable judgment, would disturb labor harmony with any
workforce or trades engaged in performing other work or services at the Project. 
 8 LANDLORD’S PROPERTY. All Leasehold
Improvements shall become Landlord’s property upon installation and without compensation to Tenant. Notwithstanding the foregoing, if any Tenant-Requested Improvements (other than any Unit, which shall be governed by
Section 25.5) are not, in Landlord’s reasonable judgment, customary and typical general office improvements (for example, internal staircases, rolling file systems, showers, vaults,
non-Building standard finishes, etc.) then before the expiration or earlier termination hereof, Tenant shall, at Landlord’s election, at Tenant’s expense, and except as otherwise notified by
Landlord, remove such Tenant-Requested Improvements (other than the Excluded Items (defined below)), repair any resulting damage to the Premises or Building, and restore the affected portion of the Premises to its configuration and condition
existing before the installation of such Tenant-Requested Improvements (or, at Landlord’s election, to a Building-standard tenant-improved configuration and condition as determined by Landlord). If Tenant fails to timely perform any work
required under the preceding sentence, Landlord may perform such work at Tenant’s expense. If, when it requests Landlord’s approval of any Tenant Improvements or Alterations, Tenant specifically requests that Landlord identify any such
Tenant Improvements or Alterations that, in Landlord’s reasonable judgment, are not customary and typical general office improvements, Landlord shall do so when it provides such approval. 

9 LIENS. Tenant shall keep the Project free from any lien arising out of any work performed, material furnished or obligation incurred by or on behalf
of Tenant. Tenant shall remove any such lien within 10 business days after notice from Landlord, and if Tenant fails to do so, Landlord, without limiting its remedies, may pay the amount necessary to cause such removal, whether or not such lien
is valid. The amount so paid, together with reasonable attorneys’ fees and expenses, shall be reimbursed by Tenant upon demand. 
 10
INDEMNIFICATION; INSURANCE. 
 10.1 Waiver and Indemnification. Tenant waives all claims against Landlord, its
Security Holders (defined in Section 17), Landlord’s managing agent(s), their (direct or indirect) owners, and the beneficiaries, trustees, officers, directors, employees and agents of each of the foregoing (including
Landlord, the “Landlord Parties”) for (i) any damage to person or property (or resulting from the loss of use thereof), except to the extent such damage is caused by any negligence, willful misconduct or breach of this Lease of
or by any Landlord Party, or (ii) any failure to prevent or control any criminal or otherwise wrongful conduct by any third party or to apprehend any third party who has engaged in such conduct. Tenant shall indemnify, defend, protect, and hold
the Landlord Parties harmless from any obligation, loss, claim, action, liability, penalty, damage, cost or expense (including reasonable attorneys’ and consultants’ fees and expenses) (each, a “Claim”) that is imposed or
asserted by any third party and arises from (a) any cause in, on or about the Premises, or (b) any negligence, willful misconduct or breach of this Lease of or by Tenant, any party claiming by, through or under Tenant, their (direct or
indirect) owners, or any of their respective beneficiaries, trustees, officers, directors, employees, agents, contractors, licensees or invitees (each, an “Act of Tenant”), except to the extent such Claim arises from any negligence,
willful misconduct or breach of this Lease of or by any Landlord Party. Landlord shall 

  
 10 

 
indemnify, defend, protect, and hold Tenant, its (direct or indirect) owners, and their respective beneficiaries, trustees, officers, directors, employees and agents (including Tenant, the
“Tenant Parties”) harmless from any Claim that is imposed or asserted by any third party and arises from any negligence, willful misconduct or breach of this Lease of or by any Landlord Party, except to the extent such Claim arises
from any negligence, willful misconduct or breach of this Lease of or by any Tenant Party. 
 10.2 Tenant’s
Insurance. Tenant shall maintain the following coverages in the following amounts: 
 10.2.1 Commercial General Liability
Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Five Million Dollars ($5,000,000) per occurrence and Six Million Dollars ($6,000,000) applicable to this location,
including products liability coverage if applicable, blanket contractual coverage including written contracts, and personal and bodily injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and
exemption of Landlord from liability agreements set forth in this Lease. 
 10.2.2 Property Insurance covering (i) all improvements in
the Premises (“Tenant-Insured Improvements”) and (ii) all office furniture, trade fixtures, office equipment, free-standing cabinet work, movable partitions, merchandise and all other items of Tenant’s property in the
Premises installed by, for, or at the expense of Tenant. Such insurance shall be written on a special cause of loss or all risk form for physical loss or damage, for the full replacement cost value (subject to deductible amounts not exceeding
$10,000.00) new without deduction for depreciation of the covered items and in amounts that meet any co-insurance clauses of the policies of insurance, and shall include coverage for damage or other loss
caused by fire or other peril, including vandalism and malicious mischief, theft, water damage of any type, including sprinkler leakage, bursting or stoppage of pipes, and explosion (and providing business interruption, loss of income and extra
expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of
interruption of not less than twelve (12) months). 
 10.2.3 Workers’ Compensation statutory limits and Employers’ Liability
limits of $1,000,000. 
 10.3 Form of Policies. The minimum limits of insurance required to be carried by Tenant shall
not limit Tenant’s liability. Such insurance shall be issued by an insurance company that has an A.M. Best rating of not less than A-VIII. Tenant’s Commercial General Liability Insurance shall
(a) name the Landlord Parties and any other party designated by Landlord (“Additional Insured Parties”) as additional insureds; and (b) be primary insurance as to all claims thereunder and provide that any insurance
carried by Landlord is excess and non-contributing with Tenant’s insurance. Landlord shall be designated as a loss payee with respect to Tenant’s Property Insurance on any Tenant-Insured
Improvements. Tenant shall deliver to Landlord, on or before the Commencement Date and at least 15 days before the expiration dates thereof, certificates from Tenant’s insurance company on the forms currently designated “ACORD
25” (Certificate of Liability Insurance) and “ACORD 28” (Evidence of Commercial Property Insurance) or the equivalent. Attached to the ACORD 25 (or equivalent) there shall be an endorsement (or an excerpt from the policy) naming
the Additional Insured Parties as additional insureds, and attached to the ACORD 28 (or equivalent) there shall be an endorsement (or an excerpt from the policy) designating Landlord as a loss payee with respect to Tenant’s Property
Insurance on any Tenant-Insured Improvements, and each such endorsement (or policy excerpt) shall be binding on Tenant’s insurance company. Tenant agrees that if Tenant does not take out and maintain such insurance or furnish Landlord with
certificates of coverage in a timely manner, Landlord may (but shall not be required to) procure said insurance on Tenant’s behalf and charge Tenant the cost thereof, which amount shall be payable by Tenant upon demand with interest (at the
rate that is at the lesser of 10% per annum or the highest rate permitted by Law) from the date such sums are expended. Tenant shall have the right to provide such insurance coverage pursuant to blanket/umbrella policies obtained by Tenant, provided
such blanket/umbrella policies expressly afford coverage to the Premises and to Tenant as required by this Lease. 
 10.4
Subrogation. Notwithstanding any provision in this Lease to the contrary (but subject to the provisions set forth in Section 11 below as well as the provisions set forth in Sections 4 and
8 of Exhibit D hereto) each party waives, and shall cause its insurance carrier to waive, any right of recovery against the other party, any of its (direct or indirect) owners, or any of their respective beneficiaries, trustees,
officers, directors, employees or agents for any loss of or damage to property which loss or damage is (or, if the insurance required hereunder had been carried, would have been) covered by the waiving party’s property insurance. For purposes
of this Section 10.4 only, (a) any deductible with respect to a party’s insurance shall be deemed covered by, and recoverable by such party under, valid and collectable policies of insurance, and (b) any
contractor retained by Landlord to install, maintain or monitor a fire or security alarm for the Building shall be deemed an agent of Landlord. 

  
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 10.5 Additional Insurance Obligations. Tenant shall maintain such
increased amounts of the insurance required to be carried by Tenant under this Section 10, and such other types and amounts of insurance covering the Premises and Tenant’s operations therein, as may be reasonably
requested by Landlord, but not in excess of the amounts and types of insurance then being required by landlords of Comparable Buildings. Tenant agrees that it will not, at any time, during the Term, carry any stock of goods or do anything in or
about the Premises that will in any way tend to increase Landlord’s insurance rates upon the Project. Tenant agrees to pay Landlord forthwith upon demand the amount of any increase in Landlord’s premiums for insurance that may be carried
during the Term of this Lease, or the amount of insurance to be carried by Landlord on the Project resulting from the foregoing, or from Tenant doing any act in or about the Premises that does so increase the insurance rates, whether or not Landlord
shall have consented to such act on the part of Tenant. Tenant shall, at its own expense, comply with the requirements of Landlord’s insurance providers applicable to the Premises including, without limitation, the installation of fire
extinguishers or an automatic dry chemical extinguishing system. 
 10.6 Landlord’s Insurance. Landlord shall, as a cost
to be included in Expenses, procure and maintain at all times during the Term of this Lease, a policy or policies of insurance covering loss or damage to the Project in the amount of the full replacement cost without deduction for depreciation
thereof, providing protection against all perils included within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage, and special extended coverage on the building.
Additionally, Landlord may carry: (i) commercial general liability and umbrella/excess liability insurance and (ii) earthquake and/or flood damage insurance; and (iii) rental income insurance; and (iv) any other forms of
insurance Landlord may deem appropriate or any lender may require. The costs of all insurance carried by Landlord shall be included in Expenses subject to Section 4.2.2. 

11 CASUALTY DAMAGE. With reasonable promptness after discovering any damage to the Premises (other than trade fixtures), or to any Common Area or
portion of the Base Building necessary for access to or tenantability of the Premises, resulting from any fire or other casualty (a “Casualty”), Landlord shall notify Tenant of Landlord’s reasonable estimate of the time
required to substantially complete repair of such damage (the “Landlord Repairs”). If, according to such estimate, the Landlord Repairs cannot be substantially completed within 365 days after the date of the Casualty, either party
may terminate this Lease upon 60 days’ notice to the other party delivered within 10 days after Landlord’s delivery of such estimate. Within 90 days after discovering any damage to the Project resulting from any Casualty,
Landlord may, whether or not the Premises are affected, terminate this Lease by notifying Tenant if (i) any Security Holder terminates any ground lease or requires that any insurance proceeds be used to pay any mortgage debt; (ii) any
damage to Landlord’s property is not fully covered by Landlord’s insurance policies, plus applicable deductibles (other than earthquake deductibles); (iii) Landlord decides to rebuild the Building or Common Areas so that it or they
will be substantially different structurally or architecturally; or (iv) the damage occurs during the last 12 months of the Term. Tenant shall have the right to terminate this Lease if: (a) there is less than one (1) year of the
Term remaining on the date of the Casualty; (b) the Casualty was not caused by the negligence or willful misconduct of Tenant or its agents, employees or contractors; (c) Landlord’s estimate indicates that the Landlord Repairs cannot
be substantially completed within 60 days after the date of the Casualty; and (d) Tenant provides Landlord with written notice of its intent to terminate within 30 days after the date of Tenant’s receipt of the estimate of the time
required to substantially complete the Landlord Repairs. If this Lease is not terminated pursuant to this Section 11, Landlord shall promptly and diligently perform the Landlord Repairs, subject to reasonable delays for
insurance adjustment and other events of Force Majeure. The Landlord Repairs shall restore the Premises (other than trade fixtures) and any Common Area or portion of the Base Building necessary for access to or tenantability of the Premises to
substantially the same condition that existed when the Casualty occurred, except for (a) any modifications required by Law or any Security Holder, and (b) any modifications to the Common Areas that are deemed desirable by Landlord, are
consistent with the character of the Project, and do not materially impair access to or tenantability of the Premises. Notwithstanding Section 10.4, Tenant shall assign to Landlord (or its designee) all insurance proceeds
payable to Tenant under Tenant’s insurance required under Section 10.2 with respect to any Tenant-Insured Improvements, and if the estimated or actual cost of restoring any Tenant-Insured Improvements exceeds the
insurance proceeds received by Landlord from Tenant’s insurance carrier, Tenant shall pay such excess to Landlord within 15 days after Landlord’s demand. No Casualty and no restoration performed as required hereunder shall render
Landlord liable to Tenant, constitute a constructive eviction, or excuse Tenant from any obligation hereunder; provided, however, that if the Premises (other than trade fixtures) or any Common Area or portion of the Base Building necessary for
access to or tenantability of the Premises is damaged by a Casualty, then, during any time that, as a result of such damage, any portion of the Premises is inaccessible or untenantable and is not occupied by Tenant, Monthly Rent shall be abated in
proportion to the rentable square footage of such portion of the Premises. 
 12 NONWAIVER. No provision hereof shall be deemed waived by
either party unless it is waived by such party expressly and in writing, and no waiver of any breach of any provision hereof shall be deemed a waiver of any subsequent breach of such provision or any other provision hereof. Landlord’s
acceptance of Rent shall not be deemed a waiver of any preceding breach of any provision hereof, other than Tenant’s failure to pay the particular Rent so accepted, regardless of Landlord’s knowledge of such preceding breach at the time of
such acceptance. No acceptance of payment of an amount less than the Rent due hereunder shall be deemed a waiver of Landlord’s right to receive the full amount of Rent due, 

  
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whether or not any endorsement or statement accompanying such payment purports to effect an accord and satisfaction. No receipt of monies by Landlord from Tenant after the giving of any notice,
the commencement of any suit, the issuance of any final judgment, or the termination hereof shall affect such notice, suit or judgment, or reinstate or extend the Term or Tenant’s right of possession hereunder. 

13 CONDEMNATION. If any part of the Premises, Building or Project is taken for any public or quasi-public use by power of eminent domain or by
private purchase in lieu thereof (a “Taking”) for more than 180 consecutive days, Landlord may terminate this Lease. If more than 25% of the rentable square footage of the Premises, or any Common Area or portion of the Base
Building necessary for access to or tenantability of the Premises, is Taken for more than 180 consecutive days, Tenant may terminate this Lease. Any such termination shall be effective as of the date possession must be surrendered to the
authority, and the terminating party shall provide termination notice to the other party within 45 days after receiving written notice of such surrender date. Except as provided above in this Section 13, neither party
may terminate this Lease as a result of a Taking. Tenant shall not assert, and hereby assigns to Landlord, any claim it may have for compensation because of any Taking; provided, however, that Tenant may file a separate claim for any Taking of
Tenant’s personal property or any trade fixtures that Tenant is entitled to remove upon the expiration hereof, and for moving expenses, so long as such claim does not diminish the award available to Landlord or any Security Holder and is
payable separately to Tenant. If this Lease is terminated pursuant to this Section 13, all Rent shall be apportioned as of the date of such termination. If a Taking occurs and this Lease is not so terminated, Monthly Rent
shall be abated for the period of such Taking in proportion to the percentage of the rentable square footage of the Premises, if any, that is subject to, or rendered inaccessible or untenantable by, such Taking and not occupied by Tenant. 

14 ASSIGNMENT AND SUBLETTING. 
 14.1
Transfers. Tenant shall not, without Landlord’s prior consent, assign, mortgage, pledge, hypothecate, encumber, permit any lien to attach to, or otherwise transfer this Lease or any interest hereunder, permit any assignment
or other transfer hereof or any interest hereunder by operation of law, enter into any sublease or license agreement, otherwise permit the occupancy or use of any part of the Premises by any persons other than Tenant and its employees and
contractors, or permit a Change of Control (defined in Section 14.6) to occur (each, a “Transfer”). If Tenant desires Landlord’s consent to any Transfer, Tenant shall provide Landlord with
(i) notice of the terms of the proposed Transfer, including its proposed effective date (the “Contemplated Effective Date”), a description of the portion of the Premises to be transferred (the “Contemplated Transfer
Space”), a calculation of the Transfer Premium (defined in Section 14.3), and a copy of all existing executed and/or proposed documentation pertaining to the proposed Transfer, and (ii) current financial
statements of the proposed transferee (or, in the case of a Change of Control, of the proposed new controlling party(ies)) certified by an officer or owner thereof and any other information reasonably required by Landlord in order to evaluate the
proposed Transfer (collectively, the “Transfer Notice”). Within 15 days after receiving the Transfer Notice, Landlord shall notify Tenant of (a) its consent to the proposed Transfer, (b) its refusal to consent to the
proposed Transfer, or (c) its exercise of its rights under Section 14.4. Any Transfer made without Landlord’s prior consent shall, at Landlord’s option, be void and shall, at Landlord’s option,
constitute a Default. Concurrently with Tenant’s delivery of the Transfer Notice, Tenant shall pay Landlord a fee of $1,500.00 for Landlord’s review of any proposed Transfer, whether or not Landlord consents to it. 

14.2 Landlord’s Consent. Subject to Section 14.4, Landlord
shall not unreasonably withhold its consent to any proposed Transfer. Without limiting other reasonable grounds for withholding consent, it shall be deemed reasonable for Landlord to withhold its consent to a proposed Transfer if: 

14.2.1 The proposed transferee is not a party of reasonable financial strength in light of the responsibilities to be undertaken in connection
with the Transfer on the date the Transfer Notice is received; or 
 14.2.2 The proposed transferee has a character or reputation or is
engaged in a business that is not consistent with the quality of the Building or the Project; or 
 14.2.3 The proposed transferee is a
governmental entity or a nonprofit organization; or 
 14.2.4 [Intentionally Omitted]; or 

14.2.5 [Intentionally Omitted]; or 

14.2.6 The use to be made of the Contemplated Transfer Space is a use which would be prohibited by any other portion of this Lease or a use
which conflicts with any applicable so-called “exclusive” then in favor of another tenant of the Building or Project. 

Notwithstanding any contrary provision hereof, (a) if Landlord consents to any Transfer pursuant to this
Section 14.2 but Tenant does not enter into such Transfer within six (6) months thereafter, such consent shall no longer apply and such Transfer shall not be permitted unless Tenant again obtains Landlord’s
consent thereto pursuant and subject to the terms of this Section 14; and (b) if Landlord withholds its consent in breach of this Section 14.2, Tenant’s sole remedies shall be contract
damages (subject to Section 20) or specific performance, and Tenant waives all other remedies, including any right to terminate this Lease. 

  
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 14.3 Transfer Premium. If Landlord consents to a Transfer (other than a
Change of Control), Tenant shall pay Landlord an amount equal to 50% of any Transfer Premium (defined below). As used herein, “Transfer Premium” means (a) in the case of an assignment, any consideration (including payment
for Leasehold Improvements) paid by the assignee for such assignment, less any reasonable and customary expenses directly incurred by Tenant on account of such assignment, including brokerage fees, legal fees, and Landlord’s review fee, and
(b) in the case of a sublease, license or other occupancy agreement, for each month of the term of such agreement, the amount by which all rent and other consideration paid by the transferee to Tenant pursuant to such agreement (less all
reasonable and customary expenses directly incurred by Tenant on account of such agreement, including brokerage fees, legal fees, construction costs and Landlord’s review fee) exceeds the Monthly Rent payable by Tenant hereunder with respect to
the Contemplated Transfer Space. Payment of Landlord’s share of the Transfer Premium shall be made (x) in the case of an assignment, within 10 days after Tenant receives the consideration described above, and (y) in the case of a
sublease, license or other occupancy agreement, for each month of the term of such agreement, within five (5) business days after Tenant receives the rent and other consideration described above. 

14.4 Landlord’s Right to Recapture. Notwithstanding any contrary provision hereof, except
in the case of a Permitted Transfer (defined in Section 14.8), Landlord, by notifying Tenant within 15 days after receiving any Notice of Intent to Transfer (defined below), may terminate this Lease with respect to the
Contemplated Transfer Space as of the Contemplated Effective Date. As used herein, “Notice of Intent to Transfer” means any Transfer Notice or other notice from Tenant informing Landlord that Tenant intends to enter into a Transfer
with respect to a particular Contemplated Transfer Space as of a particular Contemplated Effective Date (whether or not Tenant has already negotiated the terms of such Transfer with a third party); provided, however, that if Landlord receives a
Notice of Intent to Transfer for a particular Contemplated Transfer Space and a particular Contemplated Effective Date, then no subsequent notice (including any Transfer Notice) that is given within the next 180 days and specifies the same
Contemplated Transfer Space and the same Contemplated Effective Date shall be deemed a Notice of Intent to Transfer. If the Contemplated Transfer Space is less than the entire Premises, then Base Rent, Tenant’s Share, and the number of parking
spaces to which Tenant is entitled under Section 1.9 shall be deemed adjusted on the basis of the percentage of the rentable square footage of the portion of the Premises retained by Tenant. Upon request of either party,
the parties shall execute a written agreement prepared by Landlord memorializing such termination. 
 14.5 Effect of
Consent. If Landlord consents to a Transfer, (i) such consent shall not be deemed a consent to any further Transfer, (ii) Tenant shall deliver to Landlord, promptly after execution, an executed copy of all documentation
pertaining to the Transfer in form reasonably acceptable to Landlord, and (iii) Tenant shall deliver to Landlord, upon Landlord’s request, a complete statement, certified by an independent CPA or Tenant’s chief financial officer,
setting forth in detail the computation of any Transfer Premium. In the case of an assignment, the assignee shall assume in writing, for Landlord’s benefit, all of Tenant’s obligations hereunder. No Transfer, with or without
Landlord’s consent, shall relieve Tenant or any guarantor hereof from any liability hereunder. Notwithstanding any contrary provision hereof, Tenant, with or without Landlord’s consent, shall not enter into, or permit any party claiming
by, through or under Tenant to enter into, any sublease, license or other occupancy agreement that provides for payment based in whole or in part on the net income or profit of the subtenant, licensee or other occupant thereunder. 

14.6 Change of Control. As used herein, “Change of Control” means (a) if Tenant is a closely held
professional service firm, the withdrawal or change (whether voluntary, involuntary or by operation of law) of more than 50% of its equity owners within a 12-month period; and (b) in all other cases,
any transaction(s) resulting in the acquisition of a Controlling Interest (defined below) in Tenant by one or more parties that neither owned, nor are Affiliates (defined below) of one or more parties that owned, a Controlling Interest in Tenant
immediately before such transaction(s). As used herein, “Controlling Interest” means control over an entity, other than control arising from the ownership of voting securities listed on a recognized securities exchange. As used
herein, “control” means the direct or indirect power to direct the ordinary management and policies of an entity, whether through the ownership of voting securities, by contract or otherwise. As used herein,
“Affiliate” means, with respect to any party, a person or entity that controls, is under common control with, or is controlled by such party. 

14.7 Effect of Default. If Tenant is in Default, Landlord is irrevocably authorized, as Tenant’s agent and attorney-in-fact, to direct any transferee under any sublease, license or other occupancy agreement to make all payments under such agreement directly to Landlord (which
Landlord shall apply towards Tenant’s obligations hereunder) until such Default is cured. Such transferee shall rely upon any representation by Landlord that Tenant is in Default, whether or not confirmed by Tenant. 

14.8 Permitted Transfers. Notwithstanding any contrary provision hereof, if Tenant is not in Default, Tenant may, without
Landlord’s consent pursuant to Section 14.1, permit a Change of Control to occur or assign this Lease to (a) an Affiliate of Tenant (other than pursuant to a merger or consolidation),

  
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(b) a successor to Tenant by merger or consolidation, or (c) a successor to Tenant by purchase of all or substantially all of Tenant’s assets (a “Permitted
Transfer”), provided that (i) at least 10 business days before the Transfer (provided that if such pre-Transfer notice and delivery are prohibited by a confidentiality agreement or by Law,
then within 10 business days after the Transfer), Tenant notifies Landlord of the Transfer and delivers to Landlord any documents or information reasonably requested by Landlord relating thereto, including reasonable documentation that the Transfer
satisfies the requirements of this Section 14.8; (ii) in the case of an assignment pursuant to clause (a) or (c) above, the assignee executes and delivers to Landlord, at least 10 business days before
the assignment (provided that if such pre-assignment execution and delivery are prohibited by a confidentiality agreement or by Law, then within 10 business days after the assignment), a commercially
reasonable instrument pursuant to which the assignee assumes, for Landlord’s benefit, all of Tenant’s obligations hereunder; (iii) in the case of an assignment pursuant to clause (b) above, (A) the successor entity has a net
worth (as determined in accordance with GAAP, but excluding intellectual property and any other intangible assets (“Net Worth”)) immediately after the Transfer that is not less than Tenant’s Net Worth immediately before the
Transfer, and (B) if Tenant is a closely held professional service firm, at least 50% of its equity owners existing 12 months before the Transfer are also equity owners of the successor entity; (iv) except in the case of a Change
of Control, the transferee is qualified to conduct business in the State of California; (v) in the case of a Change of Control, (A) Tenant is not a closely held professional service firm and (B) Tenant’s Net Worth immediately
after the Change of Control is not less than its Net Worth immediately before the Change of Control; and (vi) the Transfer is made for a good faith operating business purpose and not in order to evade the requirements of this
Section 14. 
 15 SURRENDER. Upon the expiration or earlier termination hereof, and subject to
Sections 8 and 11 and this Section 15, Tenant shall surrender possession of the Premises to Landlord in as good condition and repair as existed when Tenant took possession and as thereafter
improved, except for reasonable wear and tear and repairs that are Landlord’s express responsibility hereunder. Before such expiration or termination, Tenant, without expense to Landlord, shall (a) remove from the Premises all debris and
rubbish and all furniture, equipment, trade fixtures, Lines, free-standing cabinet work, movable partitions and other articles of personal property that are owned or placed in the Premises by Tenant or any party claiming by, through or under Tenant
(except for any Lines not required to be removed under Section 23), and (b) repair all damage to the Premises and Building resulting from such removal. If Tenant fails to timely perform such removal and repair,
Landlord may do so at Tenant’s expense (including storage costs). If Tenant fails to remove such property from the Premises, or from storage, within 30 days after notice from Landlord, any part of such property shall be deemed, at
Landlord’s option, either (x) conveyed to Landlord without compensation, or (y) abandoned. 
 16 HOLDOVER. If Tenant fails to
surrender the Premises upon the expiration or earlier termination hereof, Tenant’s tenancy shall be subject to the terms and conditions hereof; provided, however, that such tenancy shall be a tenancy at sufferance only, for the entire Premises,
and Tenant shall pay Monthly Rent (on a per-month basis without reduction for any partial month) at a rate equal to 150% of the Base Rent and 100% of Expense Excess and Tax Excess applicable during the last
calendar month of the Term. Nothing in this Section 16 shall limit Landlord’s rights or remedies or be deemed a consent to any holdover. If Landlord is unable to deliver possession of the Premises to, or perform
improvements for, a new tenant as a result of Tenant’s holdover, Tenant shall be liable for all resulting damages, including lost profits, incurred by Landlord. 

17 SUBORDINATION; ESTOPPEL CERTIFICATES; FINANCIALS. This Lease shall be subject and subordinate to all existing and future ground or underlying
leases, mortgages, trust deeds and other encumbrances against the Building or Project, all renewals, extensions, modifications, consolidations and replacements thereof (each, a “Security Agreement”), and all advances made upon the
security of such mortgages or trust deeds, unless in each case the holder of such Security Agreement (each, a “Security Holder”) requires in writing that this Lease be superior thereto. Upon any termination or foreclosure (or any
delivery of a deed in lieu of foreclosure) of any Security Agreement, Tenant, upon request, shall attorn, without deduction or set-off, to the Security Holder or purchaser or any successor thereto and shall
recognize such party as the lessor hereunder provided that such party agrees not to disturb Tenant’s occupancy so long as Tenant timely pays the Rent and otherwise performs its obligations hereunder. Within 10 business days after
Landlord’s request, Tenant shall execute such further instruments as Landlord may reasonably deem necessary to evidence the subordination or superiority of this Lease to any Security Agreement. Tenant waives any right it may have under Law to
terminate or otherwise adversely affect this Lease or Tenant’s obligations hereunder upon a foreclosure. Within 10 business days after Landlord’s request, Tenant shall execute and deliver to Landlord a commercially reasonable estoppel
certificate in favor of such parties as Landlord may reasonably designate, including current and prospective Security Holders and prospective purchasers. Within 10 business days after Tenant’s receipt of Landlord’s written request (but no
more than once each calendar year), Tenant shall provide Landlord with its current financial statement and its financial statements for the prior three (3) calendar or fiscal years (if Tenant’s fiscal year is other than a calendar year).
Any such statements shall be prepared in accordance with generally accepted accounting principles and, if the normal practice of Tenant, shall be audited by an independent certified public accountant. 

  
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 18 ENTRY BY LANDLORD. At all reasonable times and upon reasonable notice to Tenant, or in an
emergency, Landlord may enter the Premises to (i) inspect the Premises; (ii) show the Premises to prospective purchasers, current or prospective Security Holders or insurers, or, during the last 12 months of the Term (or while an
uncured Default exists), prospective tenants; (iii) post notices of non-responsibility; or (iv) perform maintenance, repairs or alterations. At any time and without notice to Tenant, Landlord may
enter the Premises to perform required services. If reasonably necessary, Landlord may temporarily close any portion of the Premises to perform maintenance, repairs or alterations. In an emergency, Landlord may use any means it deems proper to open
doors to and in the Premises. No entry into or closure of any portion of the Premises pursuant to this Section 18 shall render Landlord liable to Tenant, constitute a constructive eviction, or excuse Tenant from any
obligation hereunder. 
 19 DEFAULTS; REMEDIES. 

19.1 Events of Default. The occurrence of any of the following shall constitute a “Default”: 

19.1.1 Any failure by Tenant to pay any Rent (or deliver any Security Deposit, Letter of Credit, or similar credit enhancement required
hereunder) when due unless such failure is cured within five (5) business days after notice; or 
 19.1.2 Except where a specific time
period is otherwise set forth for Tenant’s cure herein (in which event Tenant’s failure to cure within such time period shall be a Default), and except as otherwise provided in this Section 19.1, any breach by
Tenant of any other provision hereof where such breach continues for 30 days after notice from Landlord; provided that if such breach cannot reasonably be cured within such 30-day period, Tenant shall not
be in Default as a result of such breach if Tenant diligently commences such cure within such period, thereafter diligently pursues such cure, and completes such cure within 90 days after Landlord’s notice; or 

19.1.3 Abandonment of the Premises by Tenant; or 

19.1.4 Any breach by Tenant of Section 17 or 18 where such breach continues for more than two (2)
business days after notice from Landlord; or 
 19.1.5 Tenant becomes in breach of Section 25.3(c) or (d).

 If Tenant breaches a particular provision hereof (other than a provision requiring payment of Rent) on three (3) separate occasions
during any 12-month period, Tenant’s subsequent breach of such provision shall be, at Landlord’s option, an incurable Default. The notice periods provided herein are in lieu of, and not in addition
to, any notice periods provided by Law, and Landlord shall not be required to give any additional notice in order to be entitled to commence an unlawful detainer proceeding. 

19.2 Remedies Upon Default. Upon any Default, Landlord shall have, in addition to any other remedies available to Landlord
at law or in equity (which shall be cumulative and nonexclusive), the option to pursue any one or more of the following remedies (which shall be cumulative and nonexclusive) without any additional notice or demand: 

19.2.1 Landlord may terminate this Lease, in which event Landlord may recover from Tenant the following: 

(a) The worth at the time of award of the unpaid Rent which had been earned at the time of such termination; plus 

(b) The worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of
award exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided; plus 
 (c) The worth at the time of
award of the amount by which the unpaid Rent for the balance of the Term after the time of award exceeds the amount of such Rent loss that Tenant proves could be reasonably avoided; plus 

(d) Any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its
obligations hereunder or which in the ordinary course of things would be likely to result therefrom, including brokerage commissions, advertising expenses, expenses of remodeling any portion of the Premises for a new tenant (whether for the same or
a different use), and any special concessions made to obtain a new tenant; plus 
 (e) At Landlord’s option, such other amounts in
addition to or in lieu of the foregoing as may be permitted from time to time by Law. 
 As used in
Sections 19.2.1(a) and (b), the “worth at the time of award” shall be computed by allowing interest at the rate specified in Section 3(b) above. As used in
Section 19.2.1(c), the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%. 

  
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 19.2.2 Landlord shall have the remedy described in California Civil Code § 1951.4
(lessor may continue lease in effect after lessee’s breach and abandonment and recover Rent as it becomes due, if lessee has the right to sublet or assign, subject only to reasonable limitations). Accordingly, if Landlord does not elect to
terminate this Lease on account of any default by Tenant, Landlord may, from time to time, without terminating this Lease, enforce all of its rights and remedies hereunder, including the right to recover all Rent as it becomes due. 

19.2.3 Landlord shall at all times have the rights and remedies (which shall be cumulative with each other and cumulative and in addition to
those rights and remedies available under Sections 19.2.1 and 19.2.2, or any Law or other provision hereof), without prior demand or notice except as required by Law, to seek any declaratory, injunctive or other
equitable relief, and specifically enforce this Lease, or restrain or enjoin a violation or breach of any provision hereof. 
 19.3
Efforts to Relet. Unless Landlord provides Tenant with express notice to the contrary, no re-entry, repair, maintenance, change, alteration, addition, reletting, appointment of a receiver
or other action or omission by Landlord shall (a) be construed as an election by Landlord to terminate this Lease or Tenant’s right to possession, or to accept a surrender of the Premises, or (b) operate to release Tenant from any of
its obligations hereunder. Tenant waives, for Tenant and for all those claiming by, through or under Tenant, California Civil Code § 3275, California Code of Civil Procedure §§ 1174(c) and 1179, and any existing or
future rights to redeem or reinstate, by order or judgment of any court or by any legal process or writ, this Lease or Tenant’s right of occupancy of the Premises after any termination hereof. 

19.4 Landlord Default. Landlord shall not be in default hereunder unless it fails to begin within 30 days after
notice from Tenant, or fails to pursue with reasonable diligence thereafter, the cure of any breach by Landlord of its obligations hereunder. Before exercising any remedies for a default by Landlord, Tenant shall give notice and a reasonable time to
cure to any Security Holder of which Tenant has been notified. 
 20 LANDLORD EXCULPATION. Notwithstanding any contrary provision hereof,
(a) the liability of the Landlord Parties to Tenant shall be limited to an amount equal to the lesser of (i) Landlord’s interest in the Building, or (ii) the equity interest Landlord would have in the Building if the Building
were encumbered by third-party debt in an amount equal to 80% of the value of the Building (as such value is determined by Landlord); (b) Tenant shall look solely to Landlord’s interest in the Building for the recovery of any judgment
or award against any Landlord Party; (c) no Landlord Party shall have any liability for any judgment or deficiency, and Tenant waives and releases such liability on behalf of itself and all parties claiming by, through or under Tenant; and
(d) no Landlord Party shall be liable for any injury or damage to, or interference with, Tenant’s business, including loss of profits, loss of rents or other revenues, loss of business opportunity, loss of goodwill or loss of use, or for
any form of special or consequential damage. 
 21 SECURITY DEPOSIT. Concurrently with its execution and delivery hereof, Tenant shall deposit
with Landlord the Security Deposit, if any, as security for Tenant’s performance of its obligations hereunder. If Tenant breaches any provision hereof, Landlord may, at its option, without limiting its remedies and without notice to Tenant,
apply all or part of the Security Deposit to cure such breach and compensate Landlord for any loss or damage caused by such breach, including any damage for which recovery may be made under California Civil Code § 1951.2. If Landlord so applies
any portion of the Security Deposit, Tenant, within three (3) days after demand therefor, shall restore the Security Deposit to its original amount. The Security Deposit is not an advance payment of Rent or measure of damages. Any unapplied
portion of the Security Deposit shall be returned to Tenant within 60 days after the latest to occur of (a) the expiration of the Term, (b) Tenant’s surrender of the Premises as required hereunder, or (c) Landlord’s cure of
any breach by Tenant of any provision hereof; provided, however, that if Landlord estimates in good faith that Tenant may be required to make a payment to Landlord under Section 4.4.1, Landlord may retain such unapplied
portion of the Security Deposit, to the extent of the estimated amount of such payment, until the date occurring 60 days after the determination of the final Rent due from Tenant. Landlord shall not be required to keep the Security Deposit separate
from its other accounts. 
 22 RELOCATION. [Intentionally Omitted.] 

23 COMMUNICATIONS AND COMPUTER LINES. All Lines installed pursuant to this Lease shall be (a) installed in accordance with
Section 7; and (b) clearly marked with adhesive plastic labels (or plastic tags attached to such Lines with wire) to show Tenant’s name, suite number, and the purpose of such Lines (i) every six (6) feet
outside the Premises (including the electrical room risers and any Common Areas), and (ii) at their termination points. Landlord may designate specific contractors for work relating to vertical Lines. Sufficient spare cables and space for
additional cables shall be maintained for other occupants, as reasonably determined by Landlord. Unless otherwise notified by Landlord, Tenant, at its expense and before the expiration or earlier termination hereof, shall remove all Lines installed
pursuant to this Lease and repair any resulting damage. As used herein, “Lines” means all communications or computer wires and cables serving the Premises. 

  
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 24 PARKING. Tenant may park in the Building’s parking facilities (the “Parking
Facility”), in common with other tenants of the Building, upon the following terms and conditions. Tenant shall not use more than the number of unreserved and/or reserved parking spaces set forth in Section 1.9.
Tenant shall pay Landlord, in accordance with Section 3, any fees for the parking spaces described in Section 1.9. Tenant shall pay Landlord any fees, taxes or other charges imposed by any
governmental or quasi-governmental agency in connection with the Parking Facility, to the extent such amounts are allocated to Tenant by Landlord based on the number and type of parking spaces Tenant is entitled to use. Tenant shall comply with all
rules and regulations established by Landlord from time to time for the orderly operation and use of the Parking Facility, including any sticker or other identification system and the prohibition of vehicle repair and maintenance activities in the
Parking Facility. Except for Tenant’s reserved parking spaces, Landlord may, in its reasonable discretion, allocate and assign parking passes among Tenant and the other tenants in the Building. Tenant’s use of the Parking Facility shall be
at Tenant’s sole risk, and Landlord shall have no liability for any personal injury or damage to or theft of any vehicles or other property occurring in the Parking Facility or otherwise in connection with any use of the Parking Facility by
Tenant or its employees or invitees. Landlord may alter the size, configuration, design, layout or any other aspect of the Parking Facility, and, in connection therewith, temporarily deny or restrict access to the Parking Facility, in each case
without abatement of Rent or liability to Tenant. Landlord may delegate its responsibilities hereunder to a parking operator, in which case (i) such parking operator shall have all the rights of control reserved herein by Landlord,
(ii) Tenant shall enter into a parking agreement with such parking operator, (iii) Tenant shall pay such parking operator, rather than Landlord, any charge established hereunder for the parking spaces, and (iv) Landlord shall have no
liability for claims arising through acts or omissions of such parking operator except to the extent caused by Landlord’s negligence or willful misconduct. Tenant’s parking rights under this Section 24 are solely
for the benefit of Tenant’s employees and invitees and such rights may not be transferred without Landlord’s prior consent, except pursuant to a Transfer permitted under Section 14. 

25 MISCELLANEOUS. 
 25.1
Notices. No notice, demand, statement, designation, request, consent, approval, election or other communication given hereunder (“Notice”) shall be binding upon either party unless (a) it is in writing;
(b) it is (i) sent by certified or registered mail, postage prepaid, return receipt requested, (ii) delivered by a nationally recognized courier service, or (iii) delivered personally; and (c) it is sent or delivered to the
address set forth in Section 1.10 or 1.11, as applicable, or to such other place (other than a P.O. box) as the recipient may from time to time designate in a Notice to the other party. Any Notice shall be
deemed received on the earlier of the date of actual delivery or the date on which delivery is refused, or, if Tenant is the recipient and has vacated its notice address without providing a new notice address, three (3) days after the date the
Notice is deposited in the U.S. mail or with a courier service as described above. No provision of this Lease requiring a particular Notice to be in writing shall limit the generality of clause (a) of the first sentence of this
Section 25.1. 
 25.2 Force Majeure. If either party is prevented from performing any
obligation hereunder by any strike, act of God, fire, war, terrorist act, shortage of labor or materials, governmental action (including, without limitation, governmentally required evacuations), civil commotion or other cause beyond such
party’s reasonable control (“Force Majeure”), such obligation shall be excused during (and any time period for the performance of such obligation shall be extended by) the period of such prevention; provided, however, that this
Section 25.2 shall not (a) permit Tenant to hold over in the Premises after the expiration or earlier termination hereof, or (b) excuse (or extend any time period for the performance of) (i) any obligation to
remit money or deliver credit enhancement, (ii) any obligation under Section 10 or 25.3, or (iii) any of Tenant’s obligations whose breach would interfere with another occupant’s use, occupancy or
enjoyment of its premises or the Project or result in any liability on the part of any Landlord Party. 
 25.3 Representations and
Covenants. Tenant represents, warrants and covenants that (a) Tenant is, and at all times during the Term will remain, duly organized, validly existing and in good standing under the Laws of the state of its formation and
qualified to do business in the state of California; (b) neither Tenant’s execution of nor its performance under this Lease will cause Tenant to be in violation of any agreement or Law; (c) Tenant (and any guarantor hereof) has not,
and at no time during the Term will have, (i) made a general assignment for the benefit of creditors, (ii) filed a voluntary petition in bankruptcy, (iii) suffered (A) the filing by creditors of an involuntary petition in
bankruptcy that is not dismissed within 30 days, (B) the appointment of a receiver to take possession of all or substantially all of its assets, or (C) the attachment or other judicial seizure of all or substantially all of its
assets, (iv) admitted in writing its inability to pay its debts as they come due, or (v) made an offer of settlement, extension or composition to its creditors generally; and (d) no party that (other than through the passive ownership
of interests traded on a recognized securities exchange) constitutes, owns, controls, or is owned or controlled by Tenant, any guarantor hereof or any subtenant of Tenant is, or at any time during the Term will be, (i) in violation of any Laws
relating to terrorism or money laundering, or (ii) among the parties identified on any list compiled pursuant to Executive Order 13224 for the purpose of identifying suspected terrorists or on the most current list published by the U.S.
Treasury Department Office of Foreign Assets Control at its official website, http://www.treas.gov/ofac/tllsdn.pdf or any replacement website or other replacement official publication of such list. 

  
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 25.4 Signs. Landlord shall include Tenant’s name in any tenant
directory located in the lobby on the first floor of the Building. If any part of the Premises is located on a multi-tenant floor, Landlord, at Tenant’s cost, shall provide identifying suite signage for Tenant comparable to that provided by
Landlord on similar floors in the Building. Tenant may not install (a) any signs outside the Premises, or (b) without Landlord’s prior consent in its sole and absolute discretion, any signs, window coverings, blinds or similar items
that are visible from outside the Premises; provided that Tenant may install Elevator Lobby Signage to the extent provided in Section 11 of Exhibit F and may install customary and typical signage and logos
within the Premises that are not visible from outside the Premises, subject to Exhibit D and the other provisions of this Lease. 

25.5 Supplemental HVAC. If the Premises are served by any supplemental HVAC unit (a “Unit”), then
(a) Tenant shall pay the costs of all electricity consumed in the Unit’s operation, together with the cost of installing a meter to measure such consumption; (b) Tenant, at its expense, shall (i) operate and maintain the Unit in
compliance with all applicable Laws and such reasonable rules and procedures as Landlord may impose; (ii) keep the Unit in as good working order and condition as existed upon installation (or, if later, when Tenant took possession of the
Premises), subject to normal wear and tear and damage resulting from Casualty; (iii) maintain in effect, with a contractor reasonably approved by Landlord, a contract for the maintenance and repair of the Unit, which contract shall require the
contractor, at least once every three (3) months, to inspect the Unit and provide to Tenant a report of any defective conditions, together with any recommendations for maintenance, repair or parts-replacement; (iv) follow all reasonable
recommendations of such contractor; and (v) promptly provide to Landlord a copy of such contract and each report issued thereunder; (c) the Unit shall become Landlord’s property upon installation and without compensation to Tenant;
provided, however, that upon Landlord’s request at the expiration or earlier termination hereof, Tenant, at its expense, shall remove any Unit installed by or for the benefit of Tenant pursuant to this Lease and repair any resulting damage (and
if Tenant fails to timely perform such work, Landlord may do so at Tenant’s expense); (d) the Unit shall be deemed (i) a Leasehold Improvement (except for purposes of Section 8), and (ii) for purposes of
Section 11, part of the Premises; (e) if the Unit exists on the date of mutual execution and delivery hereof, Tenant accepts the Unit in its “as is” condition, without representation or warranty as to
quality, condition, fitness for use or any other matter; (f) if the Unit connects to the Building’s condenser water loop (if any), then Tenant shall pay to Landlord, as Additional Rent, Landlord’s standard one-time fee for such connection and Landlord’s standard monthly per-ton usage fee; and (g) if any portion of the Unit is located on the roof, then
(i) Tenant’s access to the roof shall be subject to such reasonable rules and procedures as Landlord may impose; (ii) Tenant shall maintain the affected portion of the roof in a clean and orderly condition and shall not interfere with
use of the roof by Landlord or any other tenants or licensees; and (iii) Landlord may relocate the Unit and/or temporarily interrupt its operation, without liability to Tenant, as reasonably necessary to maintain and repair the roof or
otherwise operate the Building. 
 25.6 Attorneys’ Fees. In any action or proceeding between the parties, including
any appellate or alternative dispute resolution proceeding, the prevailing party may recover from the other party all of its costs and expenses in connection therewith, including reasonable attorneys’ fees and costs. Tenant shall pay all
reasonable attorneys’ fees and other fees and costs that Landlord incurs in interpreting or enforcing this Lease or otherwise protecting its rights hereunder (a) where Tenant has failed to pay Rent when due, or (b) in any bankruptcy
case, assignment for the benefit of creditors, or other insolvency, liquidation or reorganization proceeding involving Tenant or this Lease. 

25.7 Brokers. Tenant represents to Landlord that it has dealt only with Tenant’s Broker as its broker in connection
with this Lease. Tenant shall indemnify, defend, and hold Landlord harmless from all claims of any brokers, other than Tenant’s Broker, claiming to have represented Tenant in connection with this Lease. Landlord shall indemnify, defend and hold
Tenant harmless from all claims of any brokers, including Landlord’s Broker, claiming to have represented Landlord in connection with this Lease. 

25.8 Governing Law; WAIVER OF TRIAL BY JURY. This Lease shall be construed and enforced in accordance with the Laws of the
State of California. THE PARTIES WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY LITIGATION ARISING OUT OF OR RELATING TO THIS LEASE, THE RELATIONSHIP OF LANDLORD AND TENANT, TENANT’S USE OR OCCUPANCY OF THE
PREMISES, AND/OR ANY CLAIM FOR INJURY OR DAMAGE OR ANY EMERGENCY OR STATUTORY REMEDY. 
 25.9 Waiver of Statutory
Provisions. Each party waives California Civil Code §§ 1932(2), 1933(4) and 1945. Tenant waives (a) any rights under (i) California Civil Code §§ 1932(1), 1941, 1942, 1950.7 or any
similar or replacement section or Law, or (ii) California Code of Civil Procedure §§ 1263.260 or 1265.130 or any similar or replacement section or Law; and (b) any right to terminate this Lease under California Civil Code
§ 1995.310 or any similar or replacement section or Law. 

  
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 25.10 Interpretation. As used herein, the capitalized term
“Section” refers to a section hereof unless otherwise specifically provided herein. As used in this Lease, the terms “herein,” “hereof,” “hereto” and “hereunder” refer to this Lease and the term
“include” and its derivatives are not limiting. Any reference herein to “any part” or “any portion” of the Premises, the Property or any other property shall be construed to refer to all or any part of such property. As
used herein in connection with insurance, the term “deductible” includes self-insured retention. Wherever this Lease prohibits either party from engaging in any particular conduct, this Lease shall be deemed also to require such party to
cause each of its employees and agents (and, in the case of Tenant, each of its licensees, invitees and subtenants, and any other party claiming by, through or under Tenant) to refrain from engaging in such conduct. Wherever this Lease requires
Landlord to provide a customary service or to act in a reasonable manner (whether in incurring an expense, establishing a rule or regulation, providing an approval or consent, or performing any other act), this Lease shall be deemed also to provide
that whether such service is customary or such conduct is reasonable shall be determined by reference to the practices of owners of buildings (“Comparable Buildings”) that (i) are comparable to the Building in size, age, class,
quality and location, and (ii) at Landlord’s option, have been, or are being prepared to be, certified under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system or a similar rating
system. Tenant waives the benefit of any rule that a written agreement shall be construed against the drafting party. 
 25.11 Entire
Agreement. This Lease sets forth the entire agreement between the parties relating to the subject matter hereof and supersedes any previous agreements (none of which shall be used to interpret this Lease). Tenant acknowledges that in
entering into this Lease it has not relied upon any representation, warranty or statement, whether oral or written, not expressly set forth herein. This Lease can be modified only by a written agreement signed by both parties. 

25.12 Fitness Center. Subject to the provisions of this Section 25.12, provided Tenant’s employees
execute Landlord’s standard waiver of liability form and pay the applicable one time or monthly fee, if any, then Tenant’s employees (the “Fitness Center Users”) shall be entitled to use the fitness center (the
“Fitness Center”) in the building located at 201 Redwood Shores, Redwood City, California. The use of the Fitness Center shall be subject to the reasonable rules and regulations (including rules regarding hours of use) established
from time to time by Landlord for the Fitness Center. Landlord and Tenant acknowledge that the use of the Fitness Center by the Fitness Center Users shall be at their own risk and that the terms and provisions of
Section 10.1 of this Lease shall apply to Tenant and the Fitness Center User’s use of the Fitness Center. The costs of operating, maintaining and repairing the Fitness Center may be included as part of Expenses. Tenant
acknowledges that the provisions of this Section shall not be deemed to be a representation by Landlord that Landlord shall continuously maintain the Fitness Center (or any other fitness facility) throughout the Term of this Lease, and Landlord
shall have the right, at Landlord’s sole discretion, to expand, contract, eliminate or otherwise modify the Fitness Center. In addition, in the event Landlord no longer owns the building located at 201 Redwood Shores, Redwood City, California,
the rights of Tenant and the users of the Fitness Center to use the Fitness Center may, at Landlord’s option, be terminated. No expansion, contraction, elimination or modification of the Fitness Center, and no termination of Tenant’s or
the Fitness Center Users’ rights to the Fitness Center shall entitle Tenant to an abatement or reduction in Rent, or constitute a constructive eviction, or result in an event of default by Landlord under this Lease. 

25.13 Shower Facility. Subject to the provisions of this Section 25.13, Tenant employees (the
“Shower Users”) shall be entitled to use the shower facility (the “Shower Facility”) in the building located at 201 Redwood Shores, Redwood City, California. The use of the Shower Facility shall be subject to the
reasonable rules and regulations (including rules regarding hours of use) established from time to time by Landlord for the Shower Facility. Landlord and Tenant acknowledge that the use of the Shower Facility by the Shower Users shall be at their
own risk and that the terms and provisions of Section 10.1 of this Lease shall apply to Tenant and the Shower User’s use of the Shower Facility. The costs of operating, maintaining and repairing the Shower Facility
shall be included as part of Expenses. Tenant acknowledges that the provisions of this Section shall not be deemed to be a representation by Landlord that Landlord shall continuously maintain the Shower Facility throughout the Term, and Landlord
shall have the right, at Landlord’s sole discretion, to expand, contract, eliminate or otherwise modify the Shower Facility. In addition, in the event Landlord no longer owns the building located at 201 Redwood Shores, Redwood City, California,
the rights of Tenant and the users of the Shower Facility to use the Shower Facility may, at Landlord’s option, be terminated. No expansion, contraction, elimination or modification of the Shower Facility, and no termination of Tenant’s or
the Shower User’s rights to the Shower Facility shall entitle Tenant to an abatement or reduction in Rent, constitute a constructive eviction, or result in an event of default by Landlord under this Lease. 

25.14 Other. Landlord, at its option, may cure any Default, without waiving any right or remedy or releasing Tenant from
any obligation, in which event Tenant shall pay Landlord, upon demand, the cost of such cure. If any provision hereof is void or unenforceable, no other provision shall be affected. Submission of this instrument for examination or signature by
Tenant does not constitute an option or offer to lease, and this instrument is not binding until it has been executed and delivered by both parties. The voluntary or other surrender of this Lease by Tenant, whether accepted by Landlord or not, or a
mutual termination thereof, shall not work a merger, and at the option of Landlord shall operate as an 

  
 20 

 
assignment to Landlord of all subleases or subtenancies affecting the Premises or terminate any or all such sublessees or subtenancies. If Tenant is comprised of two or more parties, their
obligations shall be joint and several. Time is of the essence with respect to the performance of every provision hereof in which time of performance is a factor. So long as Tenant performs its obligations hereunder, Tenant shall have peaceful and
quiet possession of the Premises against any party claiming by, through or under Landlord, subject to the terms hereof. Landlord may transfer its interest herein, in which event (a) to the extent the transferee assumes in writing
Landlord’s obligations arising hereunder after the date of such transfer (including the return of any Security Deposit), Landlord shall be released from, and Tenant shall look solely to the transferee for the performance of, such obligations;
and (b) Tenant shall attorn to the transferee. If Tenant (or any party claiming by, through or under Tenant) pays directly to the provider for any energy consumed at the Property, Tenant, promptly upon request, shall deliver to Landlord (or, at
Landlord’s option, execute and deliver to Landlord an instrument enabling Landlord to obtain from such provider) any data about such consumption that Landlord, in its reasonable judgment, is required for benchmarking purposes or to disclose to
a prospective buyer, tenant or mortgage lender under any applicable Law. Landlord reserves all rights not expressly granted to Tenant hereunder, including the right to make alterations to the Project. No rights to any view or to light or air over
any property are granted to Tenant hereunder. The expiration or earlier termination hereof shall not relieve either party of any obligation that accrued before, or continues to accrue after, such expiration or termination. This Lease may be executed
in counterparts. 
 [SIGNATURES ARE ON THE FOLLOWING PAGE] 

  
 21 

 IN WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be executed the day and
date first above written. 
  

							
	LANDLORD:
	
	HUDSON TOWERS AT SHORE CENTER,
	LLC, a Delaware limited liability company
		
	By:	 	Hudson Pacific Properties, L.P.,
		 	a Maryland limited partnership,
		 	its sole member
			
		 	By:	 	Hudson Pacific Properties, Inc.,
		 		 	a Maryland corporation,
		 		 	its general partner
				
		 		 	By:	 	 /s/ Mark T Lammas

		 		 	Name:	 	Mark T. Lammas
		 		 	Title:	 	Chief Operating Officer,
		 		 		 	Chief Financial Officer,
		 		 		 	& Treasurer
	
	TENANT:
	
	POSHMARK, INC., a Delaware corporation
		
	By:	 	 /s/ Manish Chandra

	Name:	 	Manish Chandra
	Title:	 	Chief Executive Officer
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 22 

 EXHIBIT A 

THE TOWERS @ SHORES CENTER 

203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

OUTLINE OF PREMISES 
 This
Exhibit “A” is provided for informational purposes only and is intended to be only an approximation of the layout of the Premises and shall not be deemed to constitute any representation by Landlord as to the exact layout or
configuration of the Premises. 
  
 

 
  
 

 

  
 Exhibit A 

1 

 EXHIBIT B 

THE TOWERS @ SHORES CENTER 

203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

WORK LETTER 
 As
used in this Exhibit B (this “Work Letter”), the following terms shall have the following meanings: 

(i) [Intentionally Omitted]; 

(ii) “Tenant Improvements” means all improvements to be constructed in the Premises pursuant to this Work Letter; 

(iii) “Tenant Improvement Work” means the construction of the Tenant Improvements, together with any related work (including
demolition) that is necessary to construct the Tenant Improvements; 
 (iv) “law” means Law; and 

(v) “Agreement” means the lease of which this Work Letter is a part. 

1 ALLOWANCE. 
 1.1
Allowance. Tenant shall be entitled to a one-time tenant improvement allowance (the “Allowance”) in the amount of $4,026,160.00 (i.e. $80.00 per rentable
square foot of the Premises) to be applied, at Tenant’s request, toward (i) the Allowance Items (defined in Section 1.2 below) and (ii) within 30 days after Tenant delivers to Landlord paid invoices with
respect thereto, the reasonable cost of (a) purchasing and/or installing general office equipment (including without limitation, Lines) and furniture for the Premises (“FF&E”), and (b) moving Tenant’s furniture,
equipment and/or other personal property into the Premises and reasonable construction management fees (“Moving Costs”). Notwithstanding the foregoing, the total portion of the Allowance that is applied toward the items described in
clause (ii) of the preceding sentence (i.e. FF&E and Moving Costs, collectively) shall not exceed, in the aggregate, $503,270.00 (i.e., $10.00 per rentable square foot of the Premises). Tenant shall be responsible for all costs
associated with the Tenant Improvement Work, including the costs of the Allowance Items, to the extent such costs exceed the lesser of (a) the Allowance, or (b) the aggregate amount that Landlord is required to disburse for such purpose
pursuant to this Work Letter. Notwithstanding anything in this Exhibit B to the contrary, but subject to the expiration date for the Allowance set forth below, Tenant may apply a portion of the Allowance to Refusal Space Tenant
Improvements and/or Offering Space Tenant Improvements, subject to all of the terms and conditions set forth in Section 7.2.E or 8.2.E of Exhibit F, respectively; provided, however, that no more than
30% of the Allowance may be utilized for Refusal Space Tenant Improvements and/or Offering Space Tenant Improvements, collectively. Notwithstanding any contrary provision of this Agreement, if Tenant fails to use the entire Allowance within eighteen
(18) months following the Commencement Date, the unused amount shall revert to Landlord and Tenant shall have no further rights with respect thereto. 

1.2 Disbursement. Except as otherwise provided in this Work Letter, the Allowance shall be disbursed by Landlord only for
the following items (the “Allowance Items”): (a) the fees of the Architect (defined in Section 2.1 below); (b) the cost of preparing the Engineering Drawings (defined in
Section 3.2.1 below); (c) plan-check, permit and license fees relating to performance of the Tenant Improvement Work; (d) the cost of performing the Tenant Improvement Work, including after hours charges, testing
and inspection costs, freight elevator usage, hoisting and trash removal costs, and contractors’ fees and general conditions; (e) the cost of any change to the base, shell or core of the Premises or Building required by the Plans (defined
in Section 4 below) (including if such change is due to the fact that such work is prepared on an unoccupied basis), including all direct architectural and/or engineering fees and expenses incurred in connection therewith;
(f) the cost of any change to the Plans or the Tenant Improvement Work required by law; (g) the Landlord Supervision Fee (defined in Section 3.4.1 below); (h) sales and use taxes; and (i) all other costs
expended by Landlord in connection with the performance of the Tenant Improvement Work. 
 1.3 Landlord Cost. Notwithstanding
any contrary provision of this Agreement, Tenant shall not be responsible for any Landlord Cost (defined below) and no Landlord Cost shall be an Allowance Item. As used herein, “Landlord Cost” means any portion of the cost of the
Tenant Improvement Work that is reasonably attributable to improvements to the Common Areas or Base Building that are Landlord’s express responsibility under Section 5.2 of the Lease (which costs shall be subject to
Section 5.2) and not as a result of any negligence, willful misconduct or breach of this Agreement of or by Tenant or any of its employees, agents, contractors or representatives. 

  
 Exhibit B 

1 

 2 ARCHITECTURAL PLANS; PRICING. 

2.1 Selection of Architect. Landlord shall retain the architect/space planner of Landlord’s choice (the
“Architect”) to prepare the Space Plan (defined in Section 2.2 below) and the Architectural Drawings (defined in Section 2.5 below). 

2.2 Initial Programming Information. Tenant shall deliver to Landlord, in writing, all information that will be sufficient
to prepare a conceptual space plan for the Premises (a “Space Plan”), including layout and designation of all offices, rooms and other partitioning, their intended use, and equipment to be contained therein, the number and sizes of
workstations, number and size of kitchen, copy, reception and storage areas (collectively, the “Initial Programming Information”). The Initial Programming Information shall be (a) consistent with Landlord’s requirements
for avoiding aesthetic, engineering or other conflicts with the design and function of the balance of the Building (collectively, the “Landlord Requirements”), and (b) otherwise be subject to Landlord’s reasonable
approval. Landlord shall provide Tenant with notice approving or reasonably disapproving the Initial Programming Information within three (3) business days after the later of Landlord’s receipt thereof or the mutual execution and
delivery of this Agreement. If Landlord disapproves the Initial Programming Information, Landlord’s notice of disapproval shall describe with reasonable specificity the basis for such disapproval and Tenant shall revise the Initial Programming
Information and resubmit it for Landlord’s approval. Such procedure shall be repeated as necessary until Landlord has approved the Initial Programming Information. Such approved Initial Programming Information shall be referred to herein as the
“Approved Initial Programming Information.” 
 2.3 Space Plan. After approving the Initial Programming
Information, Landlord shall cause the Architect to prepare and deliver to Tenant a Space Plan that conforms to the Approved Initial Programming Information. Such preparation and delivery shall occur within 10 business days after the later of
Landlord’s approval of the Initial Programming Information or the mutual execution and delivery of this Agreement. Tenant shall approve or disapprove the Space Plan by notice to Landlord. If Tenant disapproves the Space Plan, Tenant’s
notice of disapproval shall specify any revisions Tenant desires in the Space Plan. After receiving such notice of disapproval, Landlord shall cause the Architect to revise the Space Plan and resubmit it to Tenant, taking into account the reasons
for Tenant’s disapproval; provided, however, that Landlord shall not be required to cause the Architect to make any revision to the Space Plan that is inconsistent with the Landlord Requirements or that Landlord otherwise reasonably
disapproves. Such revision and resubmission shall occur within three (3) business days after the later of Landlord’s receipt of Tenant’s notice of disapproval or the mutual execution and delivery of this Agreement if such
revision is not material, and within such longer period of time as may be reasonably necessary (but not more than 10 business days after the later of such receipt or such execution and delivery) if such revision is material. Such procedure
shall be repeated as necessary until Tenant has approved the Space Plan. Such approved Space Plan shall be referred to herein as the “Approved Space Plan.” 

2.4 Additional Programming Information. After approving the Space Plan, Tenant shall deliver to Landlord, in writing, all
information (including all interior and special finishes) that, when combined with the Approved Space Plan, will be sufficient to complete the Architectural Drawings, together with all information (including all electrical requirements, telephone
requirements, special HVAC requirements, and plumbing requirements) that, when combined with the Approved Space Plan, will be sufficient to complete the Engineering Drawings (collectively, the “Additional Programming Information”).
The Additional Programming Information shall be (a) consistent with the Approved Space Plan and the Landlord Requirements, and (b) otherwise subject to Landlord’s reasonable approval. Landlord shall provide Tenant with notice
approving or reasonably disapproving the Additional Programming Information within three (3) business days after the later of Landlord’s receipt thereof or the mutual execution and delivery of this Agreement. If Landlord disapproves
the Additional Programming Information, Landlord’s notice of disapproval shall describe with reasonable specificity the basis for such disapproval and Tenant shall modify the Additional Programming Information and resubmit it for
Landlord’s approval. Such procedure shall be repeated as necessary until Landlord has approved the Additional Programming Information. Such approved Additional Programming Information shall be referred to herein as the “Approved
Additional Programming Information.” If requested by Tenant, Landlord, in its sole and absolute discretion, may assist Tenant, or cause the Architect and/or other contractors or consultants of Landlord to assist Tenant, in preparing all or
a portion of the Additional Programming Information; provided, however, that, whether or not the Additional Programming Information is prepared with such assistance, Tenant shall be solely responsible for the timely preparation and delivery of the
Additional Programming Information and for all elements thereof and, subject to Section 1 above, all costs relating thereto. 

  
 Exhibit B 

2 

 2.5 Architectural Drawings. After approving the Additional Programming
Information, Landlord shall cause the Architect to prepare and deliver to Tenant the final architectural (and, if applicable, structural) working drawings for the Tenant Improvement Work that are in a form that (a) when combined with any
Approved Additional Programming Information that is not expressly incorporated into such working drawings, will be sufficient to enable the Contractor (defined in Section 3.1 below) and its subcontractors to bid on the
Tenant Improvement Work, and (b) when combined with any Engineering Drawings that satisfy the Engineering Requirements (defined in Section 3.2.1 below), will be sufficient to obtain the Permits (defined in
Section 3.3 below) (the “Architectural Drawings”). The Architectural Drawings shall conform to the Approved Space Plan and the Approved Additional Programming Information. The Architect’s preparation
and delivery of the Architectural Drawings shall occur within 15 business days after the later of Landlord’s approval of the Additional Programming Information or the mutual execution and delivery of this Agreement. Tenant shall approve or
disapprove the Architectural Drawings by notice to Landlord. If Tenant disapproves the Architectural Drawings, Tenant’s notice of disapproval shall specify any revisions Tenant desires in the Architectural Drawings. After receiving such notice
of disapproval, Landlord shall cause the Architect to revise the Architectural Drawings and resubmit them to Tenant, taking into account the reasons for Tenant’s disapproval; provided, however, that Landlord shall not be required to cause the
Architect to make any revision to the Architectural Drawings that conflicts with the Landlord Requirements or is otherwise reasonably disapproved by Landlord. Such revision and resubmission shall occur within five (5) business days after
the later of Landlord’s receipt of Tenant’s notice of disapproval or the mutual execution and delivery of this Agreement if such revision is not material, and within such longer period of time as may be reasonably necessary (but not more
than 15 business days after the later of such receipt or such mutual execution and delivery) if such revision is material. Such procedure shall be repeated as necessary until Tenant has approved the Architectural Drawings. Such approved
Architectural Drawings shall be referred to herein as the “Approved Architectural Drawings.” 
 2.6 Construction
Pricing. 
 2.6.1 Construction Pricing Proposal. Landlord shall invite no fewer than three (3) qualified general
contractors (one of which shall be McLarney Construction) that are willing to agree to Landlord’s requirements and to execute Landlord’s standard form of construction agreement to bid on the reasonable cost of performing the Tenant
Improvement Work pursuant to the Approved Construction Drawings (defined below). If Landlord determines that a particular bidder has submitted a bid that is wholly or partially unresponsive to Landlord’s bid package requirements and inquiries,
then (1) Landlord may disregard such bidder and (2) such bid shall not be taken into consideration for purposes of this Work Letter. After adjustment for inconsistent qualifications, clarifications and exclusions, the lowest of the bidders
shall be identified as the “Contractor” and copies of such lowest bid (the “Construction Pricing Proposal”) shall be provided to Tenant. Such Construction Pricing Proposal shall be submitted to Tenant within 10
business days after the Approved Construction Drawings are approved by Landlord and Tenant. Tenant shall provide Landlord with notice approving or disapproving the Construction Pricing Proposal. If Tenant disapproves the Construction Pricing
Proposal, Tenant’s notice of disapproval shall be accompanied by proposed revisions to the Approved Construction Drawings and/or the Approved Additional Programming Information that Tenant requests in order to resolve its objections to the
Construction Pricing Proposal, and Landlord shall respond as required under Section 2.7 below. Such procedure shall be repeated as necessary until the Construction Pricing Proposal is approved by Tenant; provided, however,
that such procedure shall not require Landlord to re-bid the cost of performing the Tenant Improvement Work to any party and instead the Contractor shall just provide a reasonably revised Construction Pricing
Proposal. Upon Tenant’s approval of the Construction Pricing Proposal, Landlord may purchase the items set forth in the Construction Pricing Proposal and begin construction relating to such items. 

2.6.2 Over-Allowance Amount. If the Construction Pricing Proposal exceeds the Allowance, then Tenant, concurrently with its delivery to
Landlord of its approval of the Construction Pricing Proposal, shall deliver to Landlord cash in the amount of such excess (the “Over-Allowance Amount”). Any Over-Allowance Amount shall be disbursed by Landlord before the Allowance
and pursuant to the same procedure as the Allowance. If, after the Construction Pricing Proposal is approved by Tenant, (a) any revision is made to the Approved Additional Programming Information or the Approved Architectural Drawings, or
Tenant disapproves any Engineering Drawings that satisfy the Engineering Requirements, or the Tenant Improvement Work is otherwise changed, in each case in a way that increases the Construction Pricing Proposal, or (b) the Construction Pricing
Proposal is otherwise increased to reflect the actual cost of all Allowance Items to be incurred by Tenant in connection with the performance of the Tenant Improvement Work pursuant to the terms hereof, then Tenant shall deliver any resulting
Over-Allowance Amount (or any resulting increase in the Over-Allowance Amount) to Landlord immediately upon Landlord’s request. 

  
 Exhibit B 

3 

 2.7 Revisions to Approved Architectural Drawings, Approved Additional Programming
Information, Approved Initial Programming Information, or Approved Space Plan. 
 2.7.1 Approved Architectural
Drawings. If Tenant requests any revision to the Approved Architectural Drawings, Landlord shall provide Tenant with notice approving or reasonably disapproving such revision, and, if Landlord approves such revision, Landlord shall have such
revision made and delivered to Tenant, together with notice of any resulting change in the most recent Construction Pricing Proposal, if any, within 7 business days after the later of Landlord’s receipt of such request or the mutual
execution and delivery of this Agreement if such revision is not material, and within such longer period of time as may be reasonably necessary (but not more than 15 business days after the later of such receipt or such execution and delivery)
if such revision is material, whereupon Tenant, within one (1) business day, shall notify Landlord whether it desires to proceed with such revision. If Landlord has begun performing the Tenant Improvement Work, then, in the absence of such
authorization, Landlord shall have the option to continue such performance disregarding such revision. Landlord shall not revise the Approved Architectural Drawings without Tenant’s consent, which shall not be unreasonably withheld or
conditioned. Tenant shall approve, or reasonably disapprove (and state, with reasonable specificity, its reasons for disapproving), any revision to the Approved Architectural Drawings within two (2) business days after receiving Landlord’s
request for approval thereof. For purposes hereof, any change order affecting the Approved Architectural Drawings shall be deemed a revision to the Approved Architectural Drawings. Notwithstanding any provision herein to the contrary, a revision to
the Approved Architectural Drawings shall not require Landlord to re-bid the cost of the performance of the Tenant Improvement Work to any party and instead the Contractor shall just provide a reasonably
revised Construction Pricing Proposal. 
 2.7.2 Approved Additional Programming Information; Approved Initial Programming Information.
If Tenant requests Landlord’s approval of any revision to the Approved Additional Programming Information or the Approved Initial Programming Information, Landlord shall provide Tenant with notice approving or reasonably disapproving such
revision, together with notice of any resulting change in the most recent Construction Pricing Proposal, if any, within five (5) business days after the later of Landlord’s receipt of such request or the mutual execution and delivery of this
Agreement, whereupon Tenant, within one (1) business day, shall notify Landlord whether it desires to proceed with such revision. If Landlord has begun performing the Tenant Improvement Work, then, in the absence of such authorization, Landlord
shall have the option to continue such performance disregarding such revision. Landlord shall not revise the Approved Additional Programming Information or the Approved Initial Programming Information without Tenant’s consent, which shall not
be unreasonably withheld or conditioned. Tenant shall approve, or reasonably disapprove (and state, with reasonable specificity, its reasons for disapproving), any revision to the Approved Additional Programming Information or the Approved Initial
Programming Information within two (2) business days after receiving Landlord’s request for approval thereof. Notwithstanding any provision herein to the contrary, a revision to the Approved Additional Programming Information and/or the
Approved Initial Programming Information shall not require Landlord to re-bid the cost of the performance of the Tenant Improvement Work to any party and instead the Contractor shall just provide a reasonably
revised Construction Pricing Proposal. 
 2.7.3 Approved Space Plan. If Tenant requests Landlord’s approval of any revision to
the Approved Space Plan, Landlord shall provide Tenant with notice approving or reasonably disapproving such revision within five (5) business days after the later of Landlord’s receipt of such request or the mutual execution and
delivery of this Agreement. If Landlord has begun performing the Tenant Improvement Work, then, in the absence of such authorization, Landlord shall have the option to continue such performance disregarding such revision. Landlord shall not revise
the Approved Space Plan without Tenant’s consent, which shall not be unreasonably withheld or conditioned. Tenant shall approve, or reasonably disapprove (and state, with reasonable specificity, its reasons for disapproving), any revision to
the Approved Space Plan within two (2) business days after receiving Landlord’s request for approval thereof. Notwithstanding any provision herein to the contrary, a revision to the Approved Space Plan shall not require Landlord to re-bid the cost of performing the Tenant Improvement Work to any party and instead the Contractor shall just provide a reasonably revised Construction Pricing Proposal. 

2.8 Tenant’s Approval Deadline. Tenant shall approve the Construction Pricing Proposal pursuant to
Section 2.6.1 above on or before Tenant’s Approval Deadline (defined below). As used in this Work Letter, “Tenant’s Approval Deadline” means the date occurring 44 business days after the mutual
execution and delivery of this Agreement; provided, however, that Tenant’s Approval Deadline shall be extended by one (1) day for each day, if any, by which Tenant’s approval of the Construction Pricing Proposal pursuant to
Section 2.6.1 above is delayed by any failure of Landlord to perform its obligations under this Section 2. 

  
 Exhibit B 

4 

 3 CONSTRUCTION. 

3.1 Contractor. Landlord shall retain the Contractor to perform the Tenant Improvement Work. Notwithstanding the
foregoing, if any such Contractor is unwilling to or unable to perform the Tenant Improvement Work in the manner required by the Landlord, Landlord shall have the right to replace such Contractor with another contractor selected and/or approved by
Landlord in its sole and absolute discretion (which party shall become the Contractor); provided, however that the selection of the replacement contractor shall not be subject to the aforementioned bidding process. In addition, Landlord may select
and/or approve of any subcontractors, mechanics and materialmen used in connection with the performance of the Tenant Improvement Work. 

3.2 Engineering Drawings. 

3.2.1 Preparation. Landlord shall cause the engineering working drawings for the mechanical, electrical, plumbing, fire-alarm and fire
sprinkler work in the Premises (the “Engineering Drawings”) to (a) be prepared by the Architect and/or engineers or other consultants selected and/or retained by the Architect or Landlord, and (b) conform to the Approved
Space Plan, the Approved Additional Programming Information, the first sentence of Section 4 below, and any then-existing Approved Architectural Drawings (collectively, the “Engineering Requirements”). 

3.2.2 Design Build. Except as provided in Section 3.2.3 below: 

A. Delivery and Approval. The Engineering Drawings shall be delivered to Tenant within 15 business days after the later of
Tenant’s approval of the Architectural Drawings pursuant to Section 2.5 above or the mutual execution and delivery of this Agreement. Tenant shall approve, or reasonably disapprove (and state, with reasonable
specificity, its reasons for disapproving), the Engineering Drawings within five (5) business days after the latest of (a) Tenant’s receipt of the Engineering Drawings, (b) Tenant’s approval of the Architectural Drawings, or
(c) the mutual execution and delivery of this Agreement. After receiving any such notice of reasonable disapproval, Landlord shall cause the Contractor to revise the Engineering Drawings and resubmit them to Tenant, taking into account the
reasons for Tenant’s disapproval; provided, however, that Landlord shall not be required to make any revision to the Engineering Drawings that conflicts with the Engineering Requirements or the Landlord Requirements or is otherwise reasonably
disapproved by Landlord. Such procedure shall be repeated as necessary until Tenant has reasonably approved the Engineering Drawings. Such approved Engineering Drawings shall be referred to herein as the “Approved Engineering
Drawings”. 
 B. Revisions. If Tenant requests any revision to the Approved Engineering Drawings, Landlord shall provide
Tenant with notice approving or reasonably disapproving such revision, and, if Landlord approves such revision, Landlord shall have such revision made and delivered to Tenant, together with notice of any resulting change in the most recent
Construction Pricing Proposal, within five (5) business days after the later of Landlord’s receipt of such request or the mutual execution and delivery of this Agreement if such revision is not material, and within such longer period
of time as may be reasonably necessary (but not more than 10 business days after the later of such receipt or such execution and delivery) if such revision is material, whereupon Tenant, within one (1) business day, shall notify Landlord
whether it desires to proceed with such revision. If Landlord has begun performing the Tenant Improvement Work, then, in the absence of such authorization, Landlord shall have the option to continue such performance disregarding such revision.
Landlord shall not revise the Approved Engineering Drawings without Tenant’s consent, which shall not be unreasonably withheld or conditioned. Tenant shall approve, or reasonably disapprove (and state, with reasonable specificity, its reasons
for disapproving), any revision to the Approved Engineering Drawings within two (2) business days after receiving Landlord’s request for approval thereof. Any change order affecting the Approved Engineering Drawings shall be deemed a
revision to the Approved Engineering Drawings. 
 3.2.3 Design Bid Build. If Landlord, at its option, causes the Engineering Drawings
to be delivered to Tenant on or before the date on which the Architectural Drawings are first delivered to Tenant pursuant to Section 2.5 above, then (a) Section 3.2.2 above shall not apply;
(b) Tenant’s review and approval of, and any revisions to, the Engineering Drawings shall be governed by Sections 2.5 and 2.7 above as if the Engineering Drawings were part of the Architectural Drawings;
and (c) the Engineering Drawings, as approved by Tenant pursuant to Section 2.5 above, shall be referred to herein as the “Approved Engineering Drawings”. 

3.3 Permits. Landlord shall cause the Contractor to submit the Approved Architectural Drawings and the Approved
Engineering Drawings (collectively, the “Approved Construction Drawings”) to the appropriate municipal authorities and otherwise apply for and obtain from such authorities all permits necessary for the Contractor to complete the
Tenant Improvement Work (the “Permits”). 

  
 Exhibit B 

5 

 3.4 Construction. 

3.4.1 Performance of Tenant Improvement Work. Landlord shall cause the Contractor to perform the Tenant Improvement Work in accordance
with the Approved Construction Drawings. Tenant shall pay a construction supervision and management fee (the “Landlord Supervision Fee”) to Landlord in an amount equal to 1% of the aggregate amount of all Allowance Items other than
the Landlord Supervision Fee. Notwithstanding the foregoing, the Landlord Supervision Fee shall not exceed $12,000.00. 
 3.4.2
Contractor’s Warranties. Tenant waives all claims against Landlord relating to any defects in the Tenant Improvements; provided, however, that if, within 30 days after substantial completion of the Tenant Improvement Work, Tenant
provides notice to Landlord of any non-latent defect in the Tenant Improvements, or if, within 11 months after substantial completion of the Tenant Improvement Work, Tenant provides notice to Landlord of
any latent defect in the Tenant Improvements, then Landlord shall promptly cause such defect to be corrected. 
 4 COMPLIANCE WITH LAW; SUITABILITY
FOR TENANT’S USE. Landlord shall cause the Architect and the Contractor to use the Required Level of Care (defined below) to cause the Space Plan, the Architectural Drawings and the Engineering Drawings to comply with law;
provided, however, that Landlord shall not be responsible for any violation of law resulting from (a) any particular use of the Premises (as distinguished from general office use), or (b) any failure of the Approved Initial Programming
Information or the Approved Additional Programming Information to comply with law. As used herein, “Required Level of Care” means the level of care that reputable architects and engineers customarily use to cause architectural and
engineering plans, drawings and specifications to comply with law where such plans, drawings and specifications are prepared for spaces in buildings comparable in quality to the Building. Except as provided above in this Section 4, Tenant shall
be responsible for ensuring that the Initial Programming Information, the Space Plan, the Additional Programming Information, the Architectural Drawings and the Engineering Drawings (collectively, the “Plans”) are suitable for
Tenant’s use of the Premises and comply with law, and neither the preparation of any of the Plans by the Architect or the Contractor nor Landlord’s approval of the Plans shall relieve Tenant from such responsibility. To the extent that
either party (the “Responsible Party”) is responsible under this Section 4 for causing the Plans to comply with law, the Responsible Party may contest any alleged violation of law in good faith, including by seeking a waiver or
deferment of compliance, asserting any defense allowed by law, and exercising any right of appeal (provided that the other party incurs no liability as a result of such contest and that, after completing such contest, the Responsible Party makes any
modification to the Plans or any alteration to the Premises that is necessary to comply with any final order or judgment). 
 5 COMPLETION. 

5.1 Substantial Completion. For purposes of Section 1.3.2 of this Agreement, and subject to
Section 5.2 below, the Tenant Improvement Work shall be deemed to be “Substantially Complete” upon the completion of the Tenant Improvement Work pursuant to the Approved Construction Drawings (as reasonably
determined by Landlord), with the exception of any details of construction, mechanical adjustment or any other similar matter the non-completion of which does not materially interfere with Tenant’s use of
the Premises. 
 5.2 Tenant Cooperation; Tenant Delay. Tenant shall use reasonable efforts to cooperate with Landlord,
the Architect, the Contractor, and Landlord’s other consultants to complete all phases of the Plans, approve the Construction Pricing Proposal, obtain the Permits, and complete the Tenant Improvement Work as soon as possible, and Tenant shall
meet with Landlord, in accordance with a schedule determined by Landlord, to discuss the parties’ progress. Without limiting the foregoing, if (i) the Tenant Improvements include the installation of electrical connections for furniture
stations to be installed by Tenant, and (ii) any electrical portions of such furniture stations or any other portions of such furniture stations must be installed in order for Landlord to obtain any governmental approval required for occupancy
of the Premises, then (x) Tenant, upon five (5) business days’ notice from Landlord, shall promptly install such portions of such furniture stations in accordance with Sections 7.2 and 7.3 of this
Lease, and (y) during the period of Tenant’s entry into the Premises for the purpose of performing such installation, all of Tenant’s obligations under this Agreement relating to the Premises shall apply, except for the obligation to
pay Monthly Rent. In addition, without limiting the foregoing, if the Substantial Completion of the Tenant Improvement Work is delayed (a “Tenant Delay”) as a result of (a) any failure of Tenant to approve the Construction
Pricing Proposal pursuant to Section 2.6.1 above on or before Tenant’s Approval Deadline; (b) any failure of Tenant to timely approve the Engineering Drawings, pursuant to Section 3.2.2.A
above, for any reason other than their failure to satisfy the Engineering Requirements; (c) any failure of Tenant to timely approve any other matter requiring Tenant’s approval; (d) any breach by Tenant of this Work Letter or this
Agreement; (e) any request by Tenant for any revision to, or for Landlord’s approval of any revision to, any portion of the Plans that has previously been approved by both parties (except to the extent that such delay results from a breach
by Landlord of 

  
 Exhibit B 

6 

 
its obligations under Section 2.7 or 3.2.2.B above); (f) any requirement of Tenant for materials, components, finishes or improvements that are not available
in a commercially reasonable time given the anticipated date of Substantial Completion of the Tenant Improvement Work as set forth in this Agreement; (g) any change to the base, shell or core of the Premises or Building required by the Approved
Construction Drawings (other than any work that is a Landlord Cost), but only to the extent that Landlord notifies Tenant, when submitting such drawings for Tenant’s review, of the length of the delay that will be caused by such change); or
(h) any other act or omission of Tenant or any of its agents, employees or representatives (provided that in the case of this clause (h), only to the extent that Landlord provides Tenant with notice (which notice, notwithstanding
Section 25.1 of this Lease may be given orally, by e-mail, or by any other method) of such Tenant Delay within five (5) business days after discovering it), then, notwithstanding
any contrary provision of this Agreement, and regardless of when the Tenant Improvement Work is actually Substantially Completed, the Tenant Improvement Work shall be deemed to be Substantially Completed on the date on which the Tenant Improvement
Work would have been Substantially Completed if no such Tenant Delay had occurred. Notwithstanding the foregoing, Landlord shall not be required to tender possession of the Premises to Tenant before the Tenant Improvement Work has been Substantially
Completed, as determined without giving effect to the preceding sentence. 
 6 MISCELLANEOUS. Notwithstanding any contrary provision of this
Agreement, if Tenant defaults under this Agreement before the Tenant Improvement Work is completed, Landlord’s obligations under this Work Letter shall be excused until such default is cured and Tenant shall be responsible for any resulting
delay in the completion of the Tenant Improvement Work. This Work Letter shall not apply to any space other than the Premises. 

  
 Exhibit B 

7 

 EXHIBIT C 

THE TOWERS @ SHORES CENTER 

203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

CONFIRMATION LETTER 

_____________________, 20__ 
  

	To:	
                       
          

                       
          

                       
          

                       
          
 Re: Office Lease (the “Lease”) dated ______________, 2018,
between HUDSON TOWERS AT SHORE CENTER, LLC, a Delaware limited liability company (“Landlord”), and POSHMARK, INC., a Delaware corporation (“Tenant”), concerning Suite 700 on the seventh floor and Suite
800 on the eighth floor of the building located at 203 Redwood Shores Parkway, Redwood City, California. 
 Dear _________________: 

In accordance with the Lease, Tenant accepts possession of the Premises and confirms the following: 

 

	 	1.	 The Commencement Date is _____________ and the Expiration Date is _______________. 

 

	 	2.	 The exact number of rentable square feet within the Premises is _________ square feet, subject to
Section 2.1.1 of the Lease. 

  

	 	3.	 Tenant’s Share, based upon the exact number of rentable square feet within the Premises, is ____________%,
subject to Section 2.1.1 of the Lease. 

 Please acknowledge the foregoing by signing all
three (3) counterparts of this letter in the space provided below and returning two (2) fully executed counterparts to my attention. Please note that, pursuant to Section 2.1.1 of the Lease, if Tenant fails to
execute and return (or, by notice to Landlord, reasonably object to) this letter within ten (10) business days after receiving it, Tenant shall be deemed to have executed and returned it without exception. 

 

							
	“Landlord”:
	
	HUDSON TOWERS AT SHORE CENTER,
	LLC, a Delaware limited liability company
		
	By:	 	Hudson Pacific Properties, L.P.,
		 	a Maryland limited partnership,
		 	its sole member
			
		 	By:	 	Hudson Pacific Properties, Inc.,
		 		 	a Maryland corporation,
		 		 	its general partner
				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

  
 Exhibit C 

1 

			
	 Agreed and Accepted as of             ,
20     .

	
	“Tenant”:
	
	POSHMARK, INC., a Delaware corporation
		
	By:	 	              

	Name:	 	
                 

	Title:	 	
                     
    

  
 Exhibit C 

2 

 EXHIBIT D 

THE TOWERS @ SHORES CENTER 

203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

RULES AND REGULATIONS 

Tenant shall comply with the following rules and regulations (as modified or supplemented from time to time, the “Rules and
Regulations”). Landlord shall not be responsible to Tenant for the nonperformance of any of the Rules and Regulations by any other tenants or occupants of the Project. In the event of any conflict between the Rules and Regulations and the
other provisions of this Lease, the latter shall control. 
 1. Tenant shall not alter any lock or install any new or additional locks or
bolts on any doors or windows of the Premises without obtaining Landlord’s prior consent. Tenant shall bear the cost of any lock changes or repairs required by Tenant. Ten (10) keys will be furnished by Landlord for the Premises, and any
additional keys required by Tenant must be obtained from Landlord at a reasonable cost to be established by Landlord. Upon the termination of this Lease, Tenant shall restore to Landlord all keys of stores, offices and toilet rooms furnished to or
otherwise procured by Tenant, and if any such keys are lost, Tenant shall pay Landlord the cost of replacing them or of changing the applicable locks if Landlord deems such changes necessary. 

2. All doors opening to public corridors shall be kept closed at all times except for normal ingress and egress to the Premises. 

3. Landlord may close and keep locked all entrance and exit doors of the Building during such hours as are customary for Comparable Buildings.
Tenant shall cause its employees, agents, contractors, invitees and licensees who use Building doors during such hours to securely close and lock them after such use. Any person entering or leaving the Building during such hours, or when the
Building doors are otherwise locked, may be required to sign the Building register (if applicable), and access to the Building may be refused unless such person has proper identification or has a previously arranged access pass. Landlord will
furnish passes to persons for whom Tenant requests them. Tenant shall be responsible for all persons for whom Tenant requests passes and shall be liable to Landlord for all acts of such persons. Landlord and its agents shall not be liable for
damages for any error with regard to the admission or exclusion of any person to or from the Building. In case of invasion, mob, riot, evacuation, public excitement or other commotion, Landlord may prevent access to the Building or the Project
during the continuance thereof by any means it deems appropriate for the safety and protection of life and property. 
 4. No furniture,
freight or equipment shall be brought into the Building without prior notice to Landlord. All moving activity into or out of the Building shall be scheduled with Landlord and done only at such time and in such manner as Landlord designates. Landlord
may prescribe the weight, size and position of all safes and other heavy property brought into the Building and also the times and manner of moving the same in and out of the Building. Safes and other heavy objects shall, if considered necessary by
Landlord, stand on supports of such thickness as is necessary to properly distribute the weight. Landlord will not be responsible for loss of or damage to any such safe or property. Any damage to the Building, its contents, occupants or invitees
resulting from Tenant’s moving or maintaining any such safe or other heavy property shall be the sole responsibility and expense of Tenant (notwithstanding Sections 7 and 10.4 of this Lease). 

5. No furniture, packages, supplies, equipment or merchandise will be received in the Building or carried up or down in the elevators, except
between such hours, in such specific elevator and by such personnel as shall be designated by Landlord. 
 6. Employees of Landlord shall not
perform any work or do anything outside their regular duties unless under special instructions from Landlord. 
 7. No sign, advertisement,
notice or handbill shall be exhibited, distributed, painted or affixed by Tenant on any part of the Premises or the Building without Landlord’s prior consent. Tenant shall not disturb, solicit, peddle or canvass any occupant of the Project.

 8. The toilet rooms, urinals, wash bowls and other apparatus shall not be used for any purpose other than that for which they were
constructed, and no foreign substance shall be thrown therein. Notwithstanding Sections 7 and 10.4 of this Lease, Tenant shall bear the expense of any breakage, stoppage or damage resulting from any violation of this
rule by Tenant or any of its employees, agents, contractors, invitees or licensees. 

  
 Exhibit D 

1 

 9. Tenant shall not overload the floor of the Premises, or mark, drive nails or screws or
drill into the partitions, woodwork or drywall of the Premises, or otherwise deface the Premises, without Landlord’s prior consent. Tenant shall not purchase bottled water, ice, towel, linen, maintenance or other like services from any person
not approved by Landlord. 
 10. Except for snack and soft drink vending machines at locations within the Premises reasonably approved by
Landlord and intended for the sole use of Tenant’s employees and invitees, no vending machine shall be installed, maintained or operated in the Premises without Landlord’s prior consent. 

11. Tenant shall not, without Landlord’s prior consent, use, store, install, disturb, spill, remove, release or dispose of, within or
about the Premises or any other portion of the Project, any asbestos-containing materials, any solid, liquid or gaseous material now or subsequently considered toxic or hazardous under the provisions of 42 U.S.C. Section 9601 et seq. or any
other applicable environmental Law, or any inflammable, explosive or dangerous fluid or substance; provided, however, that Tenant may use, store and dispose of such substances in such amounts as are typically found in similar premises used for
general office purposes provided that such use, storage and disposal does not damage any part of the Premises, Building or Project and is performed in a safe manner and in accordance with all Laws. Tenant shall comply with all Laws pertaining to and
governing the use of such materials by Tenant and shall remain solely liable for the costs of abatement and removal. No burning candle or other open flame shall be ignited or kept by Tenant in or about the Premises, Building or Project. 

12. Tenant shall not, without Landlord’s prior consent, use any method of heating or air conditioning other than that supplied by
Landlord. 
 13. Tenant shall not use or keep any foul or noxious gas or substance in or on the Premises, or occupy or use the Premises in a
manner offensive or objectionable to Landlord or other occupants of the Project by reason of noise, odors or vibrations, or interfere with other occupants or those having business therein, whether by the use of any musical instrument, radio, CD
player or otherwise. Tenant shall not throw anything out of doors, windows or skylights or down passageways. 
 14. Tenant shall not bring
into or keep within the Project, the Building or the Premises any animals (other than service animals legally required to be admitted), birds, aquariums, or, except in areas designated by Landlord, bicycles or other vehicles. 

15. No cooking shall be done in the Premises, nor shall the Premises be used for lodging, for living quarters or sleeping apartments, or for
any improper, objectionable or immoral purposes. Notwithstanding the foregoing, Underwriters’ laboratory-approved equipment and microwave ovens may be used in the Premises for heating food and brewing coffee, tea, hot chocolate and similar
beverages for employees and invitees, provided that such use complies with all Laws. 
 16. The Premises shall not be used for manufacturing
or for the storage of merchandise except to the extent such storage may be incidental to the Permitted Use. Tenant shall not occupy the Premises as an office for a messenger-type operation or dispatch office, or for the manufacture or sale of
liquor, narcotics or tobacco, or as a medical office, a barber or manicure shop, or an employment bureau. 
 17. Landlord may exclude from
the Project any person who, in Landlord’s judgment, is intoxicated or under the influence of liquor or drugs, or who violates any of these Rules and Regulations. 

18. Tenant shall not loiter in or on the entrances, corridors, sidewalks, lobbies, courts, halls, stairways, elevators, vestibules or any
Common Areas for the purpose of smoking tobacco products or for any other purpose, nor in any way obstruct such areas, and shall use them only as a means of ingress and egress for the Premises. 

19. Tenant shall not waste electricity, water or air conditioning, shall cooperate with Landlord to ensure the most effective operation of the
Building’s heating and air conditioning system, and shall not attempt to adjust any controls. Tenant shall install and use in the Premises only ENERGY STAR rated equipment, where available. Tenant shall use recycled paper in the Premises to the
extent consistent with its business requirements. 
 20. Tenant shall store all its trash and garbage inside the Premises. No material shall
be placed in the trash or garbage receptacles if, under Law, it may not be disposed of in the ordinary and customary manner of disposing of trash and garbage in the vicinity of the Building. All trash, garbage and refuse disposal shall be made only
through entryways and elevators provided for such purposes at such times as Landlord shall designate. Tenant shall comply with Landlord’s recycling program, if any. 

  
 Exhibit D 

2 

 21. Tenant shall comply with all safety, fire protection and evacuation procedures and
regulations established by Landlord or any governmental agency. Tenant shall not, without Landlord’s prior written consent (which consent may be granted or withheld in Landlord’s sole and absolute discretion), allow any employee,
contractor or agent to carry any type of gun or other firearm in or about the Premises, the Building or the Project. 
 22. Any persons
employed by Tenant to do janitorial work (a) shall be subject to Landlord’s prior consent; (b) shall not, in Landlord’s reasonable judgment, disturb labor harmony with any workforce or trades engaged in performing other work or
services at the Project; and (c) while in the Building and outside of the Premises, shall be subject to the control and direction of the Building manager (but not as an agent or employee of such manager or Landlord), and Tenant shall be
responsible for all acts of such persons. 
 23. No awning or other projection shall be attached to the outside walls of the Building. Other
than Landlord’s Building-standard window coverings, no curtains, blinds, shades or screens shall be attached to or hung in, or used in connection with, any window or door of the Premises. All electrical ceiling fixtures hung in the Premises or
spaces along the perimeter of the Building must be fluorescent and/or of a quality, type, design and a warm white bulb color approved in advance by Landlord. Neither the interior nor exterior of any windows shall be coated or otherwise sunscreened.
Tenant shall abide by Landlord’s regulations concerning the opening and closing of window coverings. 
 24. Tenant shall not obstruct
any sashes, sash doors, skylights, windows or doors that reflect or admit light or air into the halls, passageways or other public places in the Building, nor shall Tenant place any bottles, parcels or other articles on the windowsills. 

25. Tenant must comply with requests by Landlord concerning the informing of their employees of items of importance to the Landlord. 

26. Tenant must comply with the State of California “No-Smoking” law set forth in California
Labor Code Section 6404.5 (as may be amended or replaced) and with any local “No-Smoking” ordinance that is not superseded by such law. 

27. Tenant shall cooperate in any safety or security program developed by Landlord or required by Law. 

28. All office equipment of an electrical or mechanical nature shall be placed by Tenant in the Premises in settings approved by Landlord, to
absorb or prevent any vibration, noise or annoyance. 
 29. Tenant shall not use any hand trucks except those equipped with rubber tires and
rubber side guards. 
 30. No auction, liquidation, fire sale, going-out-of-business or bankruptcy sale shall be conducted in the Premises without Landlord’s prior consent. 

31. Without Landlord’s prior consent, Tenant shall not use the name of the Project or Building or use pictures or illustrations of the
Project or Building in advertising or other publicity or for any purpose other than as the address of the business to be conducted by Tenant in the Premises. 

Landlord may from time to time modify or supplement these Rules and Regulations in a manner that, in Landlord’s reasonable judgment, is
appropriate for the management, safety, care and cleanliness of the Premises, the Building, the Common Areas and the Project, for the preservation of good order therein, and for the convenience of other occupants and tenants thereof, provided that
no such modification or supplement shall materially reduce Tenant’s rights or materially increase Tenant’s obligations hereunder. Landlord may waive any of these Rules and Regulations for the benefit of any tenant, but no such waiver shall
be construed as a waiver of such Rule and Regulation in favor of any other tenant nor prevent Landlord from thereafter enforcing such Rule and Regulation against any tenant. Notwithstanding the foregoing, no rule that is added to the initial Rules
and Regulations shall be enforced against Tenant in a manner that unreasonably discriminates in favor of any other similarly situated tenant. 

  
 Exhibit D 

3 

 EXHIBIT E 

THE TOWERS @ SHORES CENTER 

203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

JUDICIAL REFERENCE 

IF THE JURY-WAIVER PROVISIONS OF SECTION 25.8 OF THIS LEASE ARE NOT ENFORCEABLE UNDER CALIFORNIA LAW, THE PROVISIONS
SET FORTH BELOW SHALL APPLY. 
 (a) It is the desire and intention of the parties to agree upon a mechanism and procedure under which
controversies and disputes arising out of this Lease or related to the Premises will be resolved in a prompt and expeditious manner. Accordingly, subject to the exclusions set forth in (b) below, any and every action, proceeding or cross-claim
brought by either party hereto against the other (and/or against its officers, directors, employees, agents or subsidiaries or affiliated entities) on any matters arising out of or in any way connected with this Lease, Tenant’s use or occupancy
of the Premises and/or any claim of injury or damage, whether sounding in contract, tort, or otherwise, shall be heard and resolved by a referee under the provisions of the California Code of Civil Procedure, Sections 638 — 645.1, inclusive (as
same may be amended, or any successor statute(s) thereto) (the “Referee Sections”). 
 (b) Excluded from the requirement of
judicial reference set forth above are (i) actions to seek emergency injunctive relief, preliminary injunctive relief, unlawful or forcible detainer, or a prejudgment writ of attachment and (ii) any dispute for which an alternative dispute
resolution procedure is otherwise expressly provided in the Lease (including any exhibits thereto). The actions described in (i) above may be brought in the trial court in the county in which the Premises are located; provided, however, that as
soon as practicable after the trial court rules on one or more of the above issues, the parties shall refer the lawsuit, and any remaining issues, controversies, or disputes to a referee, as provided in this section and the Referee Sections. 

(c) Any fee to initiate the judicial reference proceedings and all fees charged and costs incurred by the referee shall be paid by the party
initiating such procedure (except that if a reporter is requested by either party, then a reporter shall be present at all proceedings where requested and the fees of such reporter – except for copies ordered by the other parties – shall
be borne by the party requesting the reporter); provided however, that allocation of the costs and fees, including any initiation fee, of such proceeding shall be ultimately determined in accordance with Section 25.6 of this Lease. 

(d) The exclusive venue of the proceedings shall be in the county in which the Premises are located. 

(e) Within 10 days of receipt by any party of a request to resolve any dispute or controversy pursuant to this Exhibit E, the
parties shall agree upon a single referee who shall try all issues, whether of fact or law, and report a finding and judgment on such issues as required by the Referee Sections. If the parties are unable to agree upon a referee within such 10-day period, then any party may thereafter file a lawsuit in the county in which the Premises are located for the purpose of appointment of a referee under the Referee Sections. If the referee is appointed by the
court, the referee shall be a neutral and impartial retired judge with substantial experience in the relevant matters to be determined, from the panels offered by JAMS or ADR Services, Inc. The proposed referee may be challenged by any party for any
of the grounds listed in the Referee Sections. The referee shall have the power to decide all issues of fact and law and report his or her decision on such issues, and to issue all recognized remedies available at law or in equity for any cause of
action that is before the referee, including an award of attorneys’ fees and costs in accordance with this Lease. The referee shall not, however, have the power to award punitive damages, nor shall the referee have the power to award any other
damages that are not permitted by the express provisions of this Lease, and the parties waive any right to recover such damages. 
 (f) The
parties may conduct all discovery as provided in the California Code of Civil Procedure, and the referee shall oversee discovery and may enforce all discovery orders in the same manner as any trial court judge, with rights to regulate discovery and
to issue and enforce subpoenas, protective orders and other limitations on discovery available under California Law. 
 (g) The reference
proceeding shall be conducted in accordance with California Law (including the rules of evidence), and in all regards, the referee shall follow California Law applicable at the time of the reference proceeding. The parties shall promptly and
diligently cooperate with one another and the referee, and shall perform such acts as may be necessary to obtain a prompt and expeditious resolution of the dispute or controversy in accordance with the terms of this Exhibit E. In this
regard, the parties agree 

  
 Exhibit E 

1 

 
that the parties and the referee shall use best efforts to ensure that (a) discovery, including all expert discovery (but excluding motions regarding discovery) be concluded within six
(6) months of the date of the appointment of the referee, and (b) a trial date be set so that the trial proceeding is held no more than nine (9) months after the date of the appointment of the referee. 

(h) In accordance with Section 644 of the California Code of Civil Procedure, the decision of the referee upon the whole issue must stand
as the decision of the court, and upon the filing of the statement of decision with the clerk of the court, or with the judge if there is no clerk, judgment may be entered thereon in the same manner as if the action had been tried by the court. Any
decision of the referee and/or judgment or other order entered thereon shall be appealable to the same extent and in the same manner that such decision, judgment, or order would be appealable if rendered by a judge of the superior court in which
venue is proper hereunder. The referee shall in his/her statement of decision set forth his/her findings of fact and conclusions of law. The parties intend this general reference agreement to be specifically enforceable in accordance with the Code
of Civil Procedure. Nothing in this Exhibit E shall prejudice the right of any party to obtain provisional relief or other equitable remedies from a court of competent jurisdiction as shall otherwise be available under the Code of
Civil Procedure and/or applicable court rules. 

  
 Exhibit E 

2 

 EXHIBIT F 

THE TOWERS @ SHORES CENTER 

203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

ADDITIONAL PROVISIONS 
  

	1.	 California Civil Code Section 1938. Pursuant to
California Civil Code § 1938, Landlord hereby states that the Premises have not undergone inspection by a Certified Access Specialist (CASp) (defined in California Civil Code § 55.52). 

Accordingly, pursuant to California Civil Code § 1938(e), Landlord hereby further states as follows: “A Certified Access Specialist
(CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of the subject
premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant.
The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction-related
accessibility standards within the premises”. 
 In accordance with the foregoing, Landlord and Tenant agree that if Tenant requests a
CASp inspection of the Premises, then Tenant shall pay (i) the fee for any such inspection so carried out by or at the request of Tenant, and (ii) except as may be otherwise expressly provided in this Lease, the cost of making any repairs
necessary to correct violations of construction-related accessibility standards within the Premises identified by such CASp inspection so carried out by or at the request of Tenant. 

 

	2.	 Charging Units. 

 

	 	2.1	 In the Parking Facility and at Landlord’s expense, Landlord shall construct or install eight
(8) vehicle charging units (for purposes hereof, each a “Charging Unit” and collectively the “Charging Units”), each with the capability to charge one electric or hybrid vehicle at a time (by solar power or
otherwise), including, without limitation, the installation of appropriate electrical cables and other equipment connecting the Charging Units to an electrical panel designated by Landlord. The parties agree that Landlord may install four
(4) charging stations, each with two (2) charging units, to meet the requirement for eight (8) total charging units above. Landlord shall use commercially reasonable efforts to complete such construction and/or installation
(“Charger Installation Work”) no later than August 1, 2019 (the “Anticipated Charger Installation Date”). Notwithstanding any contrary provision hereof, any delay in the completion of (and any failure to
complete) the Charger Installation Work or inconvenience suffered by Tenant during the performance of the Charger Installation Work shall not delay the Commencement Date, nor shall it subject Landlord to any liability for any loss or damage
resulting therefrom or entitle Tenant to any remedy, credit, abatement or adjustment of rent or other sums payable under the Lease. 

  

	 	2.2	 From and after the completion of the Charger Installation Work and continuing until the expiration or earlier
termination of the Lease (but subject to the provisions of this Section 2 (and, to the extent not inconsistent with the terms of this Section 2, Section 24 of the Lease)),
and provided Tenant’s employees (the “Charger Users”) execute Landlord’s (and/or Landlord’s operator’s) standard form of agreement and pay the applicable fees related thereto, such Charger Users shall be entitled
to use (along with other visitors to the Project, including, without limitation, the general public) the Charging Units on a first-come-first-serve-basis. 

  

	 	2.3	 The use of the Charging Units shall be subject to the reasonable rules and regulations (including rules
regarding hours of use) established from time to time by Landlord for the Charging Units. Landlord and Tenant acknowledge that the use of the Charging Units by the Charger Users shall be at their own risk and that each of the Tenant’s
waivers, releases and indemnities set forth in the Lease shall apply to Tenant’s and the Charger User’s use of the Charging Units. The costs of operating, maintaining and repairing the Charging Units may be included as part of
Expenses. Tenant acknowledges that the provisions of this Section 2 shall not be deemed to be a representation by Landlord that 

  
 Exhibit F 

1 

	 	
Landlord shall continuously maintain the Charging Units (or any other vehicle charging equipment) throughout the Term of this Lease, and Landlord shall have the right, at Landlord’s sole and
absolute discretion, to expand or otherwise reasonably modify the Charging Units. None of the following circumstances shall render Landlord liable to Tenant, constitute a constructive eviction of Tenant, give rise to an abatement or reduction of
Rent, relieve Tenant from the obligation to fulfill any covenant or agreement, or result in an event of default by Landlord under the Lease: (i) Landlord’s failure to furnish, or any interruption, diminishment or termination of electrical
services to the Charging Units due to the application of Laws, the failure of any equipment, the performance of maintenance, repairs, improvements or alterations, utility interruptions, the occurrence of an event of Force Majeure or for any other
reason; (ii) the expansion, contraction, elimination or modification of the Charging Units, and/or (iii) the termination of Tenant’s or the Charger Users’ ability to use the Charging Units.  

 

	3.	 Early Entry. Tenant may enter the Premises (i) after installation of the
ceiling grid in the Premises and before the Commencement Date solely for the purpose of installing telecommunications and data cabling in the Premises, and (ii) after installation of the carpeting in the Premises and before the Commencement
Date solely for the purpose of installing equipment, furnishings and other personal property in the Premises. Other than the obligation to pay Monthly Rent, all of Tenant’s obligations hereunder shall apply during any period of such early
entry. Notwithstanding the foregoing, Landlord may limit, suspend or terminate Tenant’s rights to enter the Premises pursuant to this Section 3 if Landlord reasonably determines that such entry is endangering
individuals working in the Premises or is delaying completion of the Tenant Improvement Work (defined in Exhibit B). 

 

	4.	 Building Signage. 

 

	 	4.1	 Tenant’s Right to Building Signage. Subject to the terms of this
Section 4, from and after the Commencement Date, Tenant shall have the right to install, maintain, repair, replace and operate the Building Signage (defined below). As used herein, “Building Signage” means
a sign that bears the Tenant Name (defined below) and is located at the top of the exterior side of the Building in a location approved by Landlord and subject to all other required approvals. Subject to all other required approvals, Landlord hereby
approves the approximate location shown in Exhibit I attached hereto. As used herein, “Tenant Name” means, at any time, at Tenant’s discretion, (i) the name of Tenant set
forth in the first paragraph of this Lease (“Tenant’s Existing Name”), or (ii) if Tenant’s name is not then Tenant’s Existing Name, then Tenant’s name, provided that such name is compatible with a
first-class office building, as determined by Landlord in its reasonable discretion, and/or (iii) Tenant’s logo, provided that such logo is then being used by Tenant on a substantially nationwide basis and is compatible with a first-class
office building, as determined by Landlord in its reasonable discretion. Notwithstanding any contrary provision hereof, (i) Tenant’s rights to the Building Signage under this Section 4 shall be personal to the
party named as Tenant in the first paragraph of this Lease (“Existing Tenant”) and to any successor to Existing Tenant’s interest in the Lease that acquires its interest in the Lease solely by means of one or more Permitted
Transfers originating with Existing Tenant, and may not be transferred to any other party; and (ii) if at any time a Signage Default (defined below) occurs or the Minimum Occupancy Requirement (defined below) is not satisfied, then, at
Landlord’s option (which shall not be deemed waived by the passage of time), Tenant shall no longer have any further right to the Building Signage under this Section 4, even if such Signage Default is later cured
and/or the Minimum Occupancy Requirement later becomes satisfied, as applicable. For purposes hereof, a “Signage Default” shall be deemed to occur if and only if (x) after a Default occurs under
Section 19.1 of the Lease, Landlord provides Tenant with written notice that Tenant may lose its right to Building Signage under this Section 4 if Tenant fails to cure such Default within
fifteen (15) business days after such notice (in addition to any notice and cure period required to establish the Default), and (y) such Default is not cured within such
15-business-day period. For purposes hereof, the “Minimum Occupancy Requirement” shall be deemed satisfied if and only if a portion of the Premises
containing at least one full floor in the Building has not been subleased other than to an Affiliate. 

  

	 	4.2	 Landlord’s Approval. The size, color, materials and all other aspects of the Building Signage,
including the manner in which it is attached to the Building and any provisions for illumination, shall be subject to Landlord’s approval, which may be withheld in Landlord’s reasonable discretion; provided, however, that Landlord’s
approval as to aesthetic matters may be withheld in Landlord’s sole and absolute (but good faith) discretion. 

  
 Exhibit F 

2 

	 	4.3	 General Provisions. Tenant, at its expense, shall design, fabricate, install, maintain, repair, replace,
operate and remove the Building Signage, in each case in a first class manner consistent with a first-class office building and in compliance with all applicable Laws and all requirements of the Redwood Shores Business Association. Without limiting
the foregoing, Tenant shall not install or modify the Building Signage until after obtaining and providing copies to Landlord of all permits and approvals necessary therefor. Tenant shall be solely responsible, at its expense, for obtaining such
permits and approvals; provided, however, that Landlord shall reasonably cooperate with Tenant, at no material cost or liability to Landlord, in executing permit applications and performing any other ministerial acts reasonably necessary to enable
Tenant to obtain such permits and approvals. Within 30 days after the expiration or earlier termination of the Lease (or, if earlier, the date on which Tenant becomes no longer entitled to Building Signage under this
Section 4), Tenant, at its expense, shall remove the Building Signage and restore all damage to the Building caused by its installation, operation or removal. Notwithstanding any contrary provision of the Lease, Tenant, not
Landlord, shall, at its expense, (i) cause its property insurance policy to cover the Building Signage, and (ii) promptly repair the Building Signage if it is damaged by fire or any other casualty (unless Tenant, by prompt written notice
to Landlord, elects to remove the Building Signage altogether, in which event Tenant shall no longer be entitled to Building Signage under this Section 4). Except as may be expressly provided in this
Section 4, the installation, maintenance, repair, replacement, removal and any other work performed by Tenant affecting the Building Signage shall be governed by the provisions of Section 7.2 of the Lease as if such
work were an Alteration. If an emergency results from Tenant’s failure to maintain, repair, replace, operate or remove the Building Signage as required under this Section 4, then, without limiting Landlord’s
remedies, Landlord, at its option, with notice to Tenant (by telephone, e-mail, fax or any other reasonable method, notwithstanding Section 25.1 of the Lease), may perform such
maintenance, repair, replacement, operation or removal, in which event Tenant shall reimburse Landlord for the reasonable cost thereof upon Landlord’s demand. The costs of any utilities consumed in operation of the Building Signage shall be
paid by Tenant upon Landlord’s demand in accordance with Section 3 of the Lease. 

  

	5.	 First Extension Option. 

 

	 	5.1.	 Grant of Option; Conditions. Tenant shall have the right (the “First Extension Option”)
to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the initial Expiration Date and ending on the fifth anniversary thereof (the “First Extension
Term”), if: 

  

	 	(a)	 not less than 9 and not more than 12 full calendar months before the expiration date of the Lease, Tenant
delivers written notice to Landlord (the “First Extension Notice”) electing to exercise the First Extension Option; 

  

	 	(b)	 no Default exists when Tenant delivers the First Extension Notice; 

 

	 	(c)	 no more than 25% of the Premises is sublet (other than to an Affiliate) when Tenant delivers the First
Extension Notice; and 

  

	 	(d)	 the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the First
Extension Notice. 

  

	 	5.2.	 Terms Applicable to First Extension Term. 

 

	 	A.	 During the First Extension Term, (a) the Base Rent rate per rentable square foot shall be equal to the
Prevailing Market rate per rentable square foot; (b) Base Rent shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate; and (c) Base Rent shall be payable in monthly installments
in accordance with the terms and conditions of the Lease. 

  

	 	B.	 During the First Extension Term Tenant shall pay Tenant’s Share of Expense Excess or Tax Excess for the
Premises in accordance with the Lease; provided that the Base Year shall be the calendar year in which the First Extension Term commences. 

  

	 	5.3.	 Procedure for Determining Prevailing Market. 

 

	 	A.	 Initial Procedure. Within 30 days after receiving the First Extension Notice, Landlord shall give
Tenant written notice of Landlord’s estimate of the Prevailing Market rate for the First Extension Term (“Landlord’s Estimate”). Within 30 days of receiving Landlord’s Estimate, Tenant shall give Landlord either
(i) written notice (“Tenant’s Binding Notice”) accepting Landlord’s Estimate, or (ii) written notice (“Tenant’s Rejection Notice”) rejecting such

  
 Exhibit F 

3 

	 	
estimate and stating Tenant’s estimate of the Prevailing Market rate for the First Extension Term. If Tenant gives Landlord a Tenant’s Rejection Notice, Landlord, within 15 days
thereafter, shall give Tenant either (i) written notice (“Landlord’s Binding Notice”) accepting Tenant’s estimate of the Prevailing Market rate for the First Extension Term stated in Tenant’s Rejection
Notice, or (ii) written notice (“Landlord’s Rejection Notice”) rejecting such estimate. If Landlord gives Tenant a Landlord’s Rejection Notice, Landlord and Tenant shall work together in good faith to agree in writing
upon the Prevailing Market rate for the First Extension Term. If, within 30 days after delivery of a Landlord’s Rejection Notice, the parties fail to agree in writing upon the Prevailing Market rate, the provisions of
Section 5.3.B below shall apply. 

  

	 	B.	 Dispute Resolution Procedure. 

 

	 	1.	 If, within 30 days after delivery of a Landlord’s Rejection Notice, the parties fail to agree in
writing upon the Prevailing Market rate, Landlord and Tenant, within five (5) days thereafter, shall each simultaneously submit to the other, in a sealed envelope, its good faith estimate of the Prevailing Market rate for the First Extension
Term (collectively, the “Estimates”). Within seven (7) days after the exchange of Estimates, Landlord and Tenant shall each select a broker or agent (an “Agent”) to determine which of the two Estimates most
closely reflects the Prevailing Market rate for the First Extension Term. Each Agent so selected shall be licensed as a real estate broker or agent and in good standing with the California Department of Real Estate, and shall have had at least
five (5) years’ experience within the previous 10 years as a commercial real estate broker or agent working in Redwood City, California, with working knowledge of current rental rates and leasing practices relating to buildings similar to
the Building. 

  

	 	2.	 If each party selects an Agent in accordance with Section 5.3.B.1 above, the parties
shall cause their respective Agents to work together in good faith to agree upon which of the two Estimates most closely reflects the Prevailing Market rate for the First Extension Term. The Estimate, if any, so agreed upon by such Agents shall be
final and binding on both parties as the Prevailing Market rate for the First Extension Term and may be entered in a court of competent jurisdiction. If the Agents fail to reach such agreement within 20 days after their selection, then, within
10 days after the expiration of such 20-day period, the parties shall instruct the Agents to select a third Agent meeting the above criteria (and if the Agents fail to agree upon such third Agent within
10 days after being so instructed, either party may cause a court of competent jurisdiction to select such third Agent). Promptly upon selection of such third Agent, the parties shall instruct such Agent (or, if only one of the parties has
selected an Agent within the 7-day period described above, then promptly after the expiration of such 7-day period the parties shall instruct such Agent) to determine,
as soon as practicable but in any case within 14 days after his selection, which of the two Estimates most closely reflects the Prevailing Market rate. Such determination by such Agent (the “Final Agent”) shall be final and
binding on both parties as the Prevailing Market rate for the First Extension Term and may be entered in a court of competent jurisdiction. If the Final Agent believes that expert advice would materially assist him, he may retain one or more
qualified persons to provide such expert advice. The parties shall share equally in the costs of the Final Agent and of any experts retained by the Final Agent. Any fees of any other broker, agent, counsel or expert engaged by Landlord or Tenant
shall be borne by the party retaining such broker, agent, counsel or expert. 

  

	 	C.	 Adjustment. If the Prevailing Market rate has not been determined by the commencement date of the First
Extension Term, Tenant shall pay Base Rent for the First Extension Term upon the terms and conditions in effect during the last month ending on or before the expiration date of the Lease until such time as the Prevailing Market rate has been
determined. Upon such determination, the Base Rent for the First Extension Term shall be retroactively adjusted. If such adjustment results in an under- or overpayment of Base Rent by Tenant, Tenant shall pay Landlord the amount of such
underpayment, or receive a credit in the amount of such overpayment, with or against the next Base Rent due under the Lease. 

  
 Exhibit F 

4 

	 	5.4.	 First Extension Amendment. If Tenant is entitled to and properly exercises its First Extension Option,
and if the Prevailing Market rate for the First Extension Term is determined in accordance with Section 5.3 above, Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment (the
“First Extension Amendment”) reflecting changes in the Base Rent, the Term, the expiration date of the Lease, and other appropriate terms in accordance with this Section 5, and Tenant shall execute and
return (or provide Landlord with reasonable objections to) the First Extension Amendment within 15 days after receiving it. Notwithstanding the foregoing, upon determination of the Prevailing Market rate for the First Extension Term in
accordance with Section 5.3 above, an otherwise valid exercise of the First Extension Option shall be fully effective whether or not the First Extension Amendment is executed. 

 

	 	5.5.	 Definition of Prevailing Market. For purposes of this First Extension Option, “Prevailing
Market” shall mean the arms-length, fair-market, annual rental rate per rentable square foot under extension and renewal leases and amendments entered into on or about the date on which the Prevailing Market is being determined hereunder
for space comparable to the Premises in the Building and office buildings comparable to the Building in the Redwood City, California area. The determination of Prevailing Market shall take into account (i) any material economic differences
between the terms of the Lease and any comparison lease or amendment, such as rent abatements, construction costs and other concessions, and the manner, if any, in which the landlord under any such lease is reimbursed for operating expenses and
taxes; (ii) any material differences in configuration or condition between the Premises and any comparison space, including any cost that would have to be incurred in order to make the configuration or condition of the comparison space similar
to that of the Premises; and (iii) any reasonably anticipated changes in the Prevailing Market rate from the time such Prevailing Market rate is being determined and the time such Prevailing Market rate will become effective under the Lease.

  

	 	5.6.	 [Intentionally Omitted]. 

 

	6.	 Second Extension Option. 

 

	 	6.1.	 Grant of Option; Conditions. Tenant shall have the right (the “Second Extension
Option”) to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the last day of the First Extension Term and ending on the fifth anniversary of such date (the
“Second Extension Term”), if: 

  

	 	(a)	 not less than 9 and not more than 12 full calendar months before the expiration of the First Extension Term,
Tenant delivers written notice to Landlord (the “Second Extension Notice”) electing to exercise the Second Extension Option; 

  

	 	(b)	 no Default exists when Tenant delivers the Second Extension Notice; 

 

	 	(c)	 no more than 25% of the Premises is sublet (other than to an Affiliate) when Tenant delivers the Second
Extension Notice; and 

  

	 	(d)	 the Lease has not been assigned (other than pursuant to a Permitted Transfer) before Tenant delivers the Second
Extension Notice; and 

  

	 	(e)	 Tenant exercised the First Extension Option. 

 

	 	6.2.	 Terms Applicable to Second Extension Term. 

 

	 	A.	 During the Second Extension Term, (a) the Base Rent rate per rentable square foot shall be equal to the
Prevailing Market rate per rentable square foot; (b) Base Rent shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate; and (c) Base Rent shall be payable in monthly installments
in accordance with the terms and conditions of the Lease. 

  

	 	B.	 During the Second Extension Term Tenant shall pay Tenant’s Share of Expense Excess or Tax Excess for the
Premises in accordance with the Lease; provided that the Base Year shall be the calendar year in which the Second Extension Term commences. 

  
 Exhibit F 

5 

	 	6.3.	 Procedure for Determining Prevailing Market. 

 

	 	A.	 Initial Procedure. Within 30 days after receiving the Extension Notice, Landlord shall give Tenant
written notice of Landlord’s estimate of the Prevailing Market rate for the Second Extension Term (“Landlord’s Estimate”). Within 30 days of receiving Landlord’s Estimate, Tenant shall give Landlord either
(i) written notice (“Tenant’s Binding Notice”) accepting Landlord’s Estimate, or (ii) written notice (“Tenant’s Rejection Notice”) rejecting such estimate and stating Tenant’s
estimate of the Prevailing Market rate for the Second Extension Term. If Tenant gives Landlord a Tenant’s Rejection Notice, Landlord, within 15 days thereafter, shall give Tenant either (i) written notice (“Landlord’s
Binding Notice”) accepting Tenant’s estimate of the Prevailing Market rate for the Second Extension Term stated in Tenant’s Rejection Notice, or (ii) written notice (“Landlord’s Rejection Notice”)
rejecting such estimate. If Landlord gives Tenant a Landlord’s Rejection Notice, Landlord and Tenant shall work together in good faith to agree in writing upon the Prevailing Market rate for the Second Extension Term. If, within 30 days
after delivery of a Landlord’s Rejection Notice, the parties fail to agree in writing upon the Prevailing Market rate, the provisions of Section 6.3.B below shall apply. 

 

	 	B.	 Dispute Resolution Procedure. 

 

	 	1.	 If, within 30 days after delivery of a Landlord’s Rejection Notice, the parties fail to agree in
writing upon the Prevailing Market rate, Landlord and Tenant, within five (5) days thereafter, shall each simultaneously submit to the other, in a sealed envelope, its good faith estimate of the Prevailing Market rate for the Second Extension
Term (collectively, the “Estimates”). Within seven (7) days after the exchange of Estimates, Landlord and Tenant shall each select a broker or agent (an “Agent”) to determine which of the two Estimates most
closely reflects the Prevailing Market rate for the Second Extension Term. Each Agent so selected shall be licensed as a real estate broker or agent and in good standing with the California Department of Real Estate, and shall have had at least
five (5) years’ experience within the previous 10 years as a commercial real estate broker or agent working in Redwood City, California, with working knowledge of current rental rates and leasing practices relating to buildings similar to
the Building. 

  

	 	2.	 If each party selects an Agent in accordance with Section 6.3.B.1 above, the parties
shall cause their respective Agents to work together in good faith to agree upon which of the two Estimates most closely reflects the Prevailing Market rate for the Second Extension Term. The Estimate, if any, so agreed upon by such Agents shall be
final and binding on both parties as the Prevailing Market rate for the Second Extension Term and may be entered in a court of competent jurisdiction. If the Agents fail to reach such agreement within 20 days after their selection, then, within
10 days after the expiration of such 20-day period, the parties shall instruct the Agents to select a third Agent meeting the above criteria (and if the Agents fail to agree upon such third Agent within
10 days after being so instructed, either party may cause a court of competent jurisdiction to select such third Agent). Promptly upon selection of such third Agent, the parties shall instruct such Agent (or, if only one of the parties has
selected an Agent within the 7-day period described above, then promptly after the expiration of such 7-day period the parties shall instruct such Agent) to determine,
as soon as practicable but in any case within 14 days after his selection, which of the two Estimates most closely reflects the Prevailing Market rate. Such determination by such Agent (the “Final Agent”) shall be final and
binding on both parties as the Prevailing Market rate for the Second Extension Term and may be entered in a court of competent jurisdiction. If the Final Agent believes that expert advice would materially assist him, he may retain one or more
qualified persons to provide such expert advice. The parties shall share equally in the costs of the Final Agent and of any experts retained by the Final Agent. Any fees of any other broker, agent, counsel or expert engaged by Landlord or Tenant
shall be borne by the party retaining such broker, agent, counsel or expert. 

  
 Exhibit F 

6 

	 	C.	 Adjustment. If the Prevailing Market rate has not been determined by the commencement date of the Second
Extension Term, Tenant shall pay Base Rent for the Second Extension Term upon the terms and conditions in effect during the last month ending on or before the expiration date of the Lease until such time as the Prevailing Market rate has been
determined. Upon such determination, the Base Rent for the Second Extension Term shall be retroactively adjusted. If such adjustment results in an under- or overpayment of Base Rent by Tenant, Tenant shall pay Landlord the amount of such
underpayment, or receive a credit in the amount of such overpayment, with or against the next Base Rent due under the Lease. 

  

	 	6.4.	 Second Extension Amendment. If Tenant is entitled to and properly exercises its Second Extension
Option, and if the Prevailing Market rate for the Second Extension Term is determined in accordance with Section 6.3 above, Landlord, within a reasonable time thereafter, shall prepare and deliver to Tenant an amendment
(the “Second Extension Amendment”) reflecting changes in the Base Rent, the Term, the expiration date of the Lease, and other appropriate terms in accordance with this Section 6, and Tenant shall
execute and return (or provide Landlord with reasonable objections to) the Extension Amendment within 15 days after receiving it. Notwithstanding the foregoing, upon determination of the Prevailing Market rate for the Second Extension Term in
accordance with Section 6.3 above, an otherwise valid exercise of the Second Extension Option shall be fully effective whether or not the Second Extension Amendment is executed. 

 

	 	6.5.	 Definition of Prevailing Market. For purposes of this Second Extension Option, “Prevailing
Market” shall mean the arms-length, fair-market, annual rental rate per rentable square foot under extension and renewal leases and amendments entered into on or about the date on which the Prevailing Market is being determined hereunder
for space comparable to the Premises in the Building and office buildings comparable to the Building in the Redwood City, California area. The determination of Prevailing Market shall take into account (i) any material economic differences
between the terms of the Lease and any comparison lease or amendment, such as rent abatements, construction costs and other concessions, and the manner, if any, in which the landlord under any such lease is reimbursed for operating expenses and
taxes; (ii) any material differences in configuration or condition between the Premises and any comparison space, including any cost that would have to be incurred in order to make the configuration or condition of the comparison space similar
to that of the Premises; and (iii) any reasonably anticipated changes in the Prevailing Market rate from the time such Prevailing Market rate is being determined and the time such Prevailing Market rate will become effective under the Lease.

  

	 	6.6.	 [Intentionally Omitted.] 

 

	7.	 Right of First Refusal. 

 

	 	7.1.	 Grant of Option; Conditions. 

 

	 	A.	 Subject to the terms of this Section 7, Tenant shall have a right of first refusal
(“Right of First Refusal”) with respect to the following suite (and with respect to each portion of such suite) (such suite or portion thereof, a “Potential Refusal Space”): the 25,549 rentable square feet
known as Suite No. 300 on the third floor of the Building shown on the demising plan attached to the Lease as Exhibit J. Tenant’s Right of First Refusal shall be exercised as follows: If Landlord has a prospective tenant
interested in leasing a Potential Refusal Space (other than to a then existing tenant thereof), then, subject to the terms of this Section 7, Landlord, before leasing such Potential Refusal Space to such prospective tenant,
shall provide Tenant with a written notice (for purposes of this Section7, an “Advice”) advising Tenant of the material terms on which Landlord is prepared to lease such Potential Refusal Space (sometimes referred to herein
as a “Refusal Space”) to such prospective tenant; provided, however, that if Landlord sends the Advice on or prior to the first anniversary of the date of full execution and delivery of this Lease, the Base Rent, Allowance, Base
Year and any Abated Rent set forth by Landlord in the Advice for the Refusal Space shall instead be as provided in Section 7.2.E below. Upon receiving an Advice, Tenant may lease the Refusal Space, in its entirety only,
under the terms set forth in the Advice, by delivering to Landlord a written notice of exercise (for purposes of this Section 7, a “Notice of Exercise”) within five (5) business days after receiving
the Advice. 

  
 Exhibit F 

7 

	 	B.	 If Tenant receives an Advice but does not deliver a Notice of Exercise within the period of time required under
Section 7.1.A above, then Landlord may lease the Refusal Space to any party on any terms determined by Landlord in its sole and absolute discretion. 

 

	 	C.	 Notwithstanding any contrary provision hereof, (i) Landlord shall not be required to provide Tenant with
an Advice if any of the following conditions exists when Landlord would otherwise deliver the Advice; and (ii) if Tenant receives an Advice from Landlord, Tenant shall not be entitled to lease the Refusal Space based on such Advice if any of
the following conditions exists: 

  

	 	(1)	 a Default exists; 

  

	 	(2)	 all or any portion of the Premises is sublet (other than to an Affiliate); 

 

	 	(3)	 the Lease has been assigned (other than pursuant to a Permitted Transfer); or 

 

	 	(4)	 provided that the Commencement Date has occurred, Tenant is not occupying the Premises. 

If, by operation of the preceding sentence, Landlord is not required to provide Tenant with an Advice, or Tenant, after receiving an Advice,
is not entitled to lease the Refusal Space based on such Advice, then Landlord may lease the Refusal Space to any party on any terms determined by Landlord in its sole and absolute discretion. 

 

	 	7.2.	 Terms for Refusal Space. 

 

	 	A.	 Sections 5 and 6 above shall not apply to the Refusal Space unless the term for the Refusal Space
is coterminous with the term for the initial Premises hereunder, in which case, notwithstanding any contrary provision of Section 7.1.A above, the Advice shall not be required to include any extension or renewal option.

  

	 	B.	 The term for the Refusal Space shall commence on the commencement date stated in the Advice and thereupon the
Refusal Space shall be considered a part of the Premises subject to the provisions of the Lease; provided, however, that the provisions of the Advice (including the provision of the Advice establishing the expiration date for the Refusal Space)
shall prevail to the extent they conflict with the provisions of the Lease. 

  

	 	C.	 Tenant shall pay Monthly Rent for the Refusal Space in accordance with the provisions of the Advice. The Base
Year with respect to the Refusal Space shall be the calendar year in which the Refusal Space is scheduled to commence in accordance with the Advice. 

  

	 	D.	 Except as may be otherwise provided in the Advice, (i) the Refusal Space (including improvements and
personalty, if any) shall be accepted by Tenant in its configuration and condition existing on the earlier of the date Tenant takes possession of the Refusal Space or the commencement date for the Refusal Space; and (ii) if Landlord is delayed
in delivering possession of the Refusal Space by any holdover or unlawful possession of the Refusal Space by any party, Landlord shall use reasonable efforts to obtain possession of the Refusal Space and any obligation of Landlord to tender
possession of, permit entry to, or perform alterations to the Refusal Space shall be deferred until after Landlord has obtained possession of the Refusal Space (plus any tenant improvement period that may be included in the Advice).

  

	 	E.	 If Landlord sends the Advice on or prior to the first anniversary of the date of full execution and delivery of
this Lease, then notwithstanding anything in this Section 7 to the contrary, the Advice shall provide (with any concessions being in lieu of and not in addition to concessions that Landlord was prepared to offer the
prospect): (i) the commencement date for the Refusal Space shall be the Refusal Space Commencement Date (as defined below) and the term for the Refusal Space shall be coterminous with the initial Term for the original Premises hereunder;
(ii) the amount of Base Rent payable for the Refusal Space shall be the same, on a per-rentable-square-foot basis, as the Base Rent that is then

  
 Exhibit F 

8 

	 	
payable for the original Premises hereunder (as determined without giving effect to the abatement of Base Rent set forth in Section 1.4 of this Lease, but giving effect
instead to an abatement of Base Rent for the period beginning on the commencement date for the Refusal Space and having a duration equal to 9 full calendar months multiplied by the percentage obtained by dividing the length of the initial fixed term
for the Refusal Space by 63 (the “Refusal Space Term Percentage”)); (iii) Tenant shall pay for Tenant’s Share of Expense Excess and Tax Excess for the Refusal Space on the same terms and conditions (including the same Base
Year) as for the original Premises hereunder; and (iv) Tenant shall be entitled to receive a one-time allowance for the construction of tenant improvements in the Refusal Space in an amount per rentable
square foot of the Refusal Space equal to $80.00 multiplied by the Refusal Space Term Percentage (“Refusal Space Allowance”) to be applied toward the Refusal Space Allowance Items (defined below). Tenant shall be responsible for all
costs associated with the Refusal Space Improvement Work (defined below), including the costs of the Refusal Space Allowance Items, to the extent such costs exceed the lesser of (1) the Refusal Space Allowance, or (2) the aggregate amount
that Landlord is required to disburse for such purpose pursuant hereto. Notwithstanding any contrary provision hereof, if Tenant fails to use the entire Refusal Space Allowance within twenty-four (24) months following the commencement date for
the applicable Refusal Space, the unused amount shall revert to Landlord and Tenant shall have no further rights with respect thereto. As used herein, “Refusal Space Tenant Improvements” means all improvements to be constructed in
the applicable Refusal Space pursuant to this provision, and “Refusal Space Tenant Improvement Work” means the construction of the Refusal Space Tenant Improvements, together with any related work (including demolition) that
is necessary to construct the Refusal Space Tenant Improvements. Except as otherwise provided in this provision, the Refusal Space Allowance shall be disbursed by Landlord only for the following items (in each case, the “Refusal Space
Allowance Items”): (a) the fees of Tenant’s architect and engineers, if any, and any Review Fees (defined below); (b) plan-check, permit and license fees relating to performance of the Refusal Space Tenant Improvement Work;
(c) the cost of performing the Refusal Space Tenant Improvement Work, including after-hours charges, testing and inspection costs, freight elevator usage, hoisting and trash removal costs, and contractors’ fees and general conditions;
(d) the cost of any change to the base, shell or core of the Refusal Space or Building required by Tenant’s plans and specifications (in each case, for purposes of this provision, the “Plans”) (including if such change is
due to the fact that such work is prepared on an unoccupied basis), including all direct architectural and/or engineering fees and expenses incurred in connection therewith; (e) the cost of any change to the Plans or Refusal Space Tenant
Improvement Work required by Law; (f) the Coordination Fee (defined below); (g) sales and use taxes; and (h) all other costs expended by Landlord in connection with the performance of the Refusal Space Tenant Improvement Work. Subject to
the terms hereof, Landlord shall disburse the Refusal Space Allowance for Refusal Space Allowance Items by delivering a check to Tenant within 30 days after the latest of (w) the completion of the Refusal Space Tenant Improvement Work in
accordance with the approved plans and specifications; (x) Landlord’s receipt of (i) copies of all third-party contracts (including change orders) pursuant to which the Refusal Space Tenant Improvement Work has been performed,
including paid invoices from all parties providing labor or materials to the Refusal Space; (ii) executed unconditional mechanic’s lien releases satisfying California Civil Code § 8138, as reasonably determined by Landlord;
(iii) if applicable, a certificate from Tenant’s architect, in a form reasonably acceptable to Landlord, certifying that the Refusal Space Tenant Improvement Work has been substantially completed; (iv) evidence that all governmental
approvals required for Tenant to legally occupy the Refusal Space have been obtained; and (v) any other information reasonably requested by Landlord; (y) Tenant’s delivery to Landlord of “as built” drawings (in CAD format,
if requested by Landlord); or (z) Tenant’s compliance with Landlord’s standard “close out” requirements regarding city approvals, closeout tasks, Tenant’s contractor, financial
close-out matters, and Tenant’s vendors. Landlord’s disbursement shall not be deemed Landlord’s approval or acceptance of the Refusal Space Tenant Improvement Work. Without limitation, the
Refusal Space Tenant Improvement Work shall be subject to Sections 7.2 (except Section 7.2(d)), 7.3 and 8 of the Lease. Tenant shall reimburse Landlord (subject to clause (a) above), upon demand, for any fees
reasonably incurred by Landlord for review of the Plans by Landlord’s third party consultants (in each case, for 

  
 Exhibit F 

9 

	 	
purposes of this Section 7, “Review Fees”). In consideration of Landlord’s coordination of the Refusal Space Tenant Improvement Work, Tenant shall
pay Landlord a fee (in each case, for purposes of this Section 7, the “Coordination Fee”) in an amount equal to 1% of the cost of the Refusal Space Tenant Improvement Work not to exceed $12,000.
Notwithstanding anything in this Section 7.2.E to the contrary, but subject to the expiration date for the Refusal Space Allowance set forth above, Tenant may perform improvements to other Refusal Space leased by Tenant
pursuant to this Section 7 or Offering Space(s) leased by Tenant pursuant to this Section 8 below and apply a portion of the Refusal Space Allowance thereto, subject to all of the terms and
conditions set forth in this Section 7.2.E or 8.2.E, respectively, with respect to such Refusal Space Tenant Improvements or Offering Space Tenant Improvements; provided, however, that no more than 30% of any
particular Refusal Space Allowance may be utilized for improvements in Refusal Space other than the Refusal Space in connection with which the applicable Refusal Space Allowance was granted and/or in any Offering Space, collectively. Subject to the
provisions herein, the “Refusal Space Commencement Date” shall be the earlier of (i) the first date on which Tenant conducts business in the Refusal Space pursuant to this Lease, (ii) the date that is 120 days after the
date that Landlord tenders possession of the Refusal Space to Tenant free from occupancy by any party. If Landlord is delayed in delivering possession of the Refusal Space by any holdover or unlawful possession of the Refusal Space by any party,
Landlord shall use reasonable efforts to obtain possession of the Refusal Space as soon as practicable. 

  

	 	7.3.	 Termination of Right of First Refusal; One-Time Right.

  

	 	A.	 Notwithstanding any contrary provision hereof, Landlord shall not be required to provide Tenant with an Advice,
and Tenant shall not be entitled to exercise its Right of First Refusal, after the date that is nine (9) month prior to the initial Expiration Date of this Lease. 

 

	 	B.	 Notwithstanding any contrary provision hereof, Landlord shall not be required to provide Tenant with an Advice,
and Tenant shall not be entitled to exercise its Right of First Refusal, with respect to any Potential Refusal Space after the date on which Landlord becomes entitled to lease such Potential Refusal Space to a third party under
Section 7.1.B or Section 7.1.C above. 

  

	 	7.4.	 Refusal Amendment. If Tenant validly exercises its Right of First Refusal, Landlord, within a reasonable
period of time thereafter, shall prepare and deliver to Tenant an amendment (the “Refusal Amendment”) adding the Refusal Space to the Premises on the terms set forth in the Advice and reflecting the changes in the Base Rent, the
rentable square footage of the Premises, Tenant’s Share, and other appropriate terms in accordance with this Section 7. Tenant shall execute and return the Refusal Amendment to Landlord within 15 days after
receiving it, but an otherwise valid exercise of the Right of First Refusal shall be fully effective whether or not the Refusal Amendment is executed. 

  

	 	7.5.	 Subordination. Notwithstanding any contrary provision hereof, Tenant’s Right of First Refusal shall
be subject and subordinate to the expansion rights (whether such rights are designated as a right of first offer, right of first refusal, expansion option or otherwise) of any tenant of the Project existing on the date hereof. In addition, if
Landlord, as permitted under Section 7.5.1.B or 7.5.1.C above, leases any Potential Refusal Space to a third party on terms including a right of first offer, right of first refusal, expansion option or other
expansion right with respect to any other Potential Refusal Space (and if, in the case of any such lease permitted under Section 7.5.1.B above, such expansion right was disclosed in the Advice received by Tenant), then
Tenant’s Right of First Refusal with respect to such other Potential Refusal Space shall be subject and subordinate to such expansion right in favor of such third party. 

 

	8.	 Right of First Offer. 

 

	 	8.1.	 Grant of Option; Conditions. 

 

	 	A.	 Subject to the terms of this Section 8, Tenant shall have a right of first offer
(“Right of First Offer”) with respect to each of the following suites (and with respect to each portion of each such suite) (each such suite or portion thereof, a “Potential Offering Space”): (i)
the 5,229 rentable square feet known as Suite 

  
 Exhibit F 

10 

	 	
No. 600 on the sixth floor of the Building shown on the demising plan attached to the Lease as Exhibit K, (ii) the 2,019 rentable square
feet known as Suite No. 610 on the sixth floor of the Building shown on the demising plan attached to the Lease as Exhibit K, (iii) the 2,560 rentable square feet known as Suite No. 620 on the sixth floor of the Building
shown on the demising plan attached to the Lease as Exhibit K, (iv) the 2,548 rentable square feet known as Suite No. 630 on the sixth floor of the Building shown on the demising plan attached to the Lease as Exhibit
K, (v) the 2,853 rentable square feet known as Suite No. 640 on the sixth floor of the Building shown on the demising plan attached to the Lease as Exhibit K, (vi) the 2,208 rentable square feet known as Suite
No. 650 on the sixth floor of the Building shown on the demising plan attached to the Lease as Exhibit K, (vii) the 1,985 rentable square feet known as Suite No. 660 on the sixth floor of the Building shown on the
demising plan attached to the Lease as Exhibit K, (viii) the 2,812 rentable square feet known as Suite No. 670 on the sixth floor of the Building shown on the demising plan attached to the Lease as Exhibit K,
(ix) the 3,071 rentable square feet known as Suite No. 680 on the sixth floor of the Building shown on the demising plan attached to the Lease as Exhibit K. Tenant’s Right of First Offer shall be exercised as
follows: At any time after Landlord has determined that a Potential Offering Space has become Available (defined below), but before leasing such Potential Offering Space to a third party, Landlord, subject to the terms of this
Section 8, shall provide Tenant with a written notice (for purposes of this Section 8, an “Advice”) advising Tenant of the material terms on which Landlord is prepared to lease
such Potential Offering Space (sometimes referred to herein as an “Offering Space”) to Tenant, which terms shall be consistent with Section 8.2 below. For purposes hereof, a Potential Offering Space shall
be deemed to become “Available” as follows: (i) if such Potential Offering Space is not leased to a third party as of the date of mutual execution and delivery of this Lease, such Potential Offering Space shall be deemed to
become Available when Landlord has located a prospective tenant that may be interested in leasing such Potential Offering Space; and (ii) if such Potential Offering Space is leased to a third party as of the date of mutual execution and
delivery of this Lease, such Potential Offering Space shall be deemed to become Available when Landlord has determined that such third-party tenant, and any occupant of such Potential Offering Space claiming under such third-party tenant, will not
extend or renew the term of its lease, or enter into a new lease, for such Potential Offering Space. Upon receiving an Advice, Tenant may lease the Offering Space, in its entirety only, under the terms set forth in the Advice, by delivering to
Landlord a written notice of exercise (for purposes of this Section 7, a “Notice of Exercise”) within five (5) business days after receiving the Advice. 

 

	 	B.	 If Tenant receives an Advice but does not deliver a Notice of Exercise within the period of time required under
Section 8.1.A above, Landlord may lease the Offering Space to any party on any terms determined by Landlord in its sole and absolute discretion. 

 

	 	C.	 Notwithstanding any contrary provision hereof, (i) Landlord shall not be required to provide Tenant with
an Advice if any of the following conditions exists when Landlord would otherwise deliver the Advice; and (ii) if Tenant receives an Advice from Landlord, Tenant shall not be entitled to lease the Offering Space based on such Advice if any of
the following conditions exists: 

  

	 	(1)	 a Default exists; 

  

	 	(2)	 more than 15% of the Premises is sublet (other than to an Affiliate); 

 

	 	(3)	 the Lease has been assigned (other than pursuant to a Permitted transfer); or 

 

	 	(4)	 provided that the Commencement Date has occurred, Tenant is not occupying the Premises. 

If, by operation of the preceding sentence, Landlord is not required to provide Tenant with an Advice, or Tenant, after receiving an Advice,
is not entitled to lease the Offering Space based on such Advice, then Landlord may lease the Offering Space to any party on any terms determined by Landlord in its sole and absolute discretion. 

  
 Exhibit F 

11 

	 	8.2.	 Terms for Offering Space. 

 

	 	A.	 The term for the Offering Space shall be such period as Landlord, in its sole and absolute discretion, may set
forth in the Advice; provided, however, that such term shall be not less than coterminous with the term for the initial Premises hereunder and (except to the extent necessary to be so coterminous) shall not exceed 120 months. Sections 5 and
6 above shall not apply to the Offering Space unless the term for the Offering Space is coterminous with the term for the initial Premises hereunder. 

  

	 	B.	 The term for the Offering Space shall commence on the commencement date stated in the Advice and thereupon the
Offering Space shall be considered a part of the Premises subject to the provisions of the Lease; provided, however, that the provisions of the Advice (including the provision of the Advice establishing the expiration date for the Offering
Space) shall prevail to the extent they conflict with the provisions of the Lease. 

  

	 	C.	 Tenant shall pay Monthly Rent for the Offering Space in accordance with the provisions of the Advice. The Base
Year with respect to the Offering Space shall be the calendar year in which the Offering Space is scheduled to commence in accordance with the Advice. The Advice shall reflect the Prevailing Market (defined in Section 8.5
below) rate for the Offering Space as determined in Landlord’s reasonable judgment. 

  

	 	D.	 Except as may be otherwise provided in the Advice, (i) the Offering Space (including improvements and
personalty, if any) shall be accepted by Tenant in its configuration and condition existing on the earlier of the date Tenant takes possession of the Offering Space or the commencement date for the Offering Space; and (ii) if Landlord is
delayed in delivering possession of the Offering Space by any holdover or unlawful possession of the Offering Space by any party, Landlord shall use reasonable efforts to obtain possession of the Offering Space and any obligation of Landlord to
tender possession of, permit entry to, or perform alterations to the Offering Space shall be deferred until after Landlord has obtained possession of the Offering Space. 

 

	 	E.	 If Landlord sends the Advice on or prior to the date that is eighteen (18) months after the date of full
execution and delivery of this Lease, then notwithstanding anything in this Section 8 to the contrary, the Advice shall provide (with any concessions being in lieu of and not in addition to concessions that Landlord would
otherwise have been prepared to offer in connection with leasing such Offering Space to offer): (i) the commencement date for the Offering Space shall be 120 days after Landlord tenders possession of the Offering Space to Tenant free from
occupancy by any other party and the term for the Offering Space shall be coterminous with the initial Term for the original Premises hereunder; (ii) the amount of Base Rent payable for the Offering Space shall be equal to $5.65 per rentable
square foot of the Offering Space per month, with three percent (3%) increases effective as of each anniversary of the commencement date for the Offering Space; (iii) in lieu of any abatement of Base Rent as set forth in
Section 1.4 of this Lease, there shall be an abatement of Base Rent for the first three (3) full calendar months of the term for the Offering Space; (iii) Tenant shall pay for Tenant’s Share of Expense Excess
and Tax Excess for the Offering Space on the same terms and conditions (including the same Base Year) as for the original Premises hereunder; and (iv) Tenant shall be entitled to receive a one-time
allowance for the construction of tenant improvements in the Offering Space in the amount of $50.00 per rentable square foot of the Offering Space (“Offering Space Allowance”) to be applied toward the Offering Space Allowance Items
(defined below). Tenant shall be responsible for all costs associated with the Offering Space Improvement Work (defined below), including the costs of the Offering Space Allowance Items, to the extent such costs exceed the lesser of (1) the
Offering Space Allowance, or (2) the aggregate amount that Landlord is required to disburse for such purpose pursuant hereto. Notwithstanding any contrary provision, if Tenant fails to use the entire Offering Space Allowance within twenty-four
(24) months following the commencement date for the applicable Offering Space, the unused amount shall revert to Landlord and Tenant shall have no further rights with respect thereto. As used herein, “Offering Space Tenant
Improvements” means all improvements to be constructed in the applicable Offering Space pursuant to this provision, and “Offering Space Tenant Improvement Work” means the construction of the

  
 Exhibit F 

12 

	 	
Offering Space Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Offering Space Tenant Improvements. Except as otherwise provided in
this provision, the Offering Space Allowance shall be disbursed by Landlord only for the following items (in each case, the “Offering Space Allowance Items”): (a) the fees of Tenant’s architect and engineers, if any, and
any Review Fees (as defined below); (b) plan-check, permit and license fees relating to performance of the Offering Space Tenant Improvement Work; (c) the cost of performing the Offering Space Tenant Improvement Work, including after-hours
charges, testing and inspection costs, freight elevator usage, hoisting and trash removal costs, and contractors’ fees and general conditions; (d) the cost of any change to the base, shell or core of the Offering Space or Building required
by Tenant’s plans and specifications (in each case, for purposes of this provision, the “Plans”) (including if such change is due to the fact that such work is prepared on an unoccupied basis), including all direct
architectural and/or engineering fees and expenses incurred in connection therewith; (e) the cost of any change to the Plans or Offering Space Tenant Improvement Work required by Law; (f) the Coordination Fee (defined below); (g) sales and
use taxes; and (h) all other costs expended by Landlord in connection with the performance of the Offering Space Tenant Improvement Work. Subject to the terms hereof, Landlord shall disburse the Offering Space Allowance for Offering Space
Allowance Items by delivering a check to Tenant within 30 days after the latest of (w) the completion of the Offering Space Tenant Improvement Work in accordance with the approved plans and specifications; (x) Landlord’s receipt of
(i) copies of all third-party contracts (including change orders) pursuant to which the Offering Space Tenant Improvement Work has been performed, including paid invoices from all parties providing labor or materials to the Offering Space;
(ii) executed unconditional mechanic’s lien releases satisfying California Civil Code § 8138, as reasonably determined by Landlord; (iii) if applicable, a certificate from Tenant’s architect, in a form reasonably acceptable
to Landlord, certifying that the Offering Space Tenant Improvement Work has been substantially completed; (iv) evidence that all governmental approvals required for Tenant to legally occupy the Offering Space have been obtained; and
(v) any other information reasonably requested by Landlord; (y) Tenant’s delivery to Landlord of “as built” drawings (in CAD format, if requested by Landlord); or (z) Tenant’s compliance with Landlord’s
standard “close out” requirements regarding city approvals, closeout tasks, Tenant’s contractor, financial close-out matters, and Tenant’s vendors. Landlord’s disbursement shall not be
deemed Landlord’s approval or acceptance of the Offering Space Tenant Improvement Work. Without limitation, the Offering Space Tenant Improvement Work shall be subject to Sections 7.2 (except Section 7.2(d)), 7.3 and 8
of the Lease. Tenant shall reimburse Landlord (subject to clause (a) above), upon demand, for any fees reasonably incurred by Landlord for review of the Plans by Landlord’s third party consultants (in each case, as used in this
Section 8, “Review Fees”). In consideration of Landlord’s coordination of the Offering Space Tenant Improvement Work, Tenant shall pay Landlord a fee (in each case, for purposes of this
Section 8, “Coordination Fee”) in an amount equal to 1% of the cost of the Offering Space Tenant Improvement Work not to exceed $12,000. Notwithstanding anything in this
Section 8.2.E to the contrary, but subject to the expiration date for the Offering Space Allowance set forth above, Tenant may perform improvements to other Offering Space(s) leased by Tenant pursuant to this
Section 8 and apply a portion of the Offering Space Allowance thereto, subject to all of the terms and conditions set forth in this Section 8.2.E with respect to Offering Space Tenant Improvements,
provided, however, that no more than 30% of any particular Offering Space Allowance may be utilized for improvements in Offering Space(s) other than the Offering Space in connection with which the applicable Offering Space Allowance was granted.

  
 Exhibit F 

13 

	 	8.3.	 Termination of Right of First Offer; One-Time Right.

  

	 	A.	 Notwithstanding any contrary provision hereof, Landlord shall not be required to provide Tenant with an Advice,
and Tenant shall not be entitled to exercise its Right of First Offer, after the date that is nine (9) month prior to the initial Expiration Date of this Lease. 

 

	 	B.	 Notwithstanding any contrary provision hereof, Landlord shall not be required to provide Tenant with an Advice,
and Tenant shall not be entitled to exercise its Right of First Offer, with respect to any Potential Offering Space after the date, if any, on which Landlord becomes entitled to lease such Potential Offering Space to a third party under
Section 8.1.B or 8.1.C above. 

  

	 	8.4.	 Offering Amendment. If Tenant validly exercises its Right of First Offer, Landlord, within a reasonable
period of time thereafter, shall prepare and deliver to Tenant an amendment (the “Offering Amendment”) adding the Offering Space to the Premises on the terms set forth in the Advice and reflecting the changes in the Base Rent, the
rentable square footage of the Premises, Tenant’s Share, and other appropriate terms in accordance with this Section 8. Tenant shall execute and return the Offering Amendment to Landlord within 15 days after
receiving it, but an otherwise valid exercise of the Right of First Offer shall be fully effective whether or not the Offering Amendment is executed. 

  

	 	8.5.	 Definition of Prevailing Market. For purposes of this Section 8,
“Prevailing Market” means the arms-length, fair-market, annual rental rate per rentable square foot, under renewal and expansion leases and amendments entered into on or about the date on which the Prevailing Market is being
determined hereunder, for space comparable to the Offering Space in the Building and office buildings comparable to the Building in the Redwood City, California area. The determination of Prevailing Market shall take into account (i) any
material economic differences between the terms of the Lease and any comparison lease or amendment, such as rent abatements, construction costs and other concessions, and the manner, if any, in which the landlord under any such lease is reimbursed
for operating expenses and taxes; and (ii) any material differences in configuration or condition between the Offering Space and any comparison space. 

  

	 	8.6.	 Subordination. Notwithstanding any contrary provision hereof, Tenant’s Right of First Offer shall
be subject and subordinate to the expansion rights (whether such rights are designated as a right of first offer, right of first refusal, expansion option or otherwise) of any tenant of the Project existing on the date hereof. In addition, if
Landlord, as permitted under Section 8.1.B or 8.1.C above, leases any Potential Offering Space to a third party on terms including a right of first offer, right of first refusal, expansion option or other expansion
right with respect to any other Potential Offering Space (and if, in the case of any such lease permitted under Section 8.1.B above, such expansion right was disclosed in the Advice received by Tenant), then Tenant’s
Right of First Offer with respect to such other Potential Offering Space shall be subject and subordinate to such expansion right in favor of such third party. 

 

	9.	 Late Delivery of Premises; Abatement of Base Rent. Notwithstanding any contrary provision hereof,
if the Commencement Date does not occur on or before the Outside Completion Date (defined below), Tenant, as its sole remedy, shall be entitled to an abatement of Base Rent, beginning on the date that Base Rent otherwise first becomes payable
hereunder, in the amount of $9,226.62, for each day in the period beginning on the Outside Completion Date and ending on the date immediately preceding the Commencement Date. As used herein, “Outside Completion Date” means
May 1, 2019; provided, however, that the Outside Completion Date shall be postponed by one (1) day for each day, if any, by which the substantial completion of the Tenant Improvement Work is delayed by any event of Force Majeure: or
(b) any Tenant Improvements that are not customary and typical office improvements, except to the extent that such delay resulting from such change constitutes a Tenant Delay. 

 

	10.	 Elevator Lobby Signage. 

 

	 	10.1.	 Tenant’s Right to Elevator Lobby Signage. Subject to the terms of this
Section 10, during the Term Tenant shall have the right to install, maintain, repair, replace and operate signage (“Tenant’s Elevator Lobby Signage”) bearing Tenant’s Name (defined below) in the
elevator lobby of any full floor that is leased and occupied by Tenant on the wall facing the elevators. As used herein, “Tenant Name” means, at any time, at Tenant’s discretion, (i) the name of Tenant set forth in the
first paragraph of this Lease (“Tenant’s Existing Name”), or (ii) if Tenant’s name is not then Tenant’s Existing Name, then Tenant’s name, provided that such name is compatible with a first-class

  
 Exhibit F 

14 

	 	
office building, as determined by Landlord in its reasonable discretion, and/or (iii) Tenant’s logo, provided that such logo is compatible with a first-class office building, as
determined by Landlord in its reasonable discretion. Notwithstanding any contrary provision hereof, (i) Tenant’s rights under this Section 10 shall be personal to the party named as Tenant in the first paragraph
of this Lease (“Original Tenant”) and to any successor to Original Tenant’s interest in this Lease that acquires its interest in this Lease solely by means of one or more Permitted Transfers originating with Original Tenant,
and may not be transferred to any other party. 

  

	 	10.2.	 Landlord’s Approval. The size, color, materials and all other aspects of the Elevator Lobby
Signage, including its exact location and any provisions for illumination, shall be subject to Landlord’s approval, which may be withheld in Landlord’s reasonable discretion; provided, however, that Landlord’s approval as to aesthetic
matters may be withheld in Landlord’s sole and absolute (but good faith) discretion. 

  

	 	10.3.	 General Provisions. Tenant, at its expense, shall design, fabricate, install, maintain, repair, replace,
operate and remove the Elevator Lobby Signage, in each case in a first class manner consistent with a first-class office building and in compliance with all applicable Laws. Not later than the date of expiration or earlier termination of this Lease
(or, if earlier, the date on which Tenant becomes no longer entitled to Elevator Lobby Signage under this Section 10), Tenant, at its expense, shall remove the Elevator Lobby Signage and restore all damage to the Building
caused by its installation, operation or removal. Notwithstanding any contrary provision of this Lease, Tenant, not Landlord, shall, at its expense, (i) cause its property insurance policy to cover the Elevator Lobby Signage, and
(ii) promptly repair the Elevator Lobby Signage if it is damaged by any Casualty. Except as may be expressly provided in this Section 10, the installation, maintenance, repair, replacement, removal and any other work
performed by Tenant affecting the Elevator Lobby Signage shall be governed by the provisions of Sections 7.2 and 7.3 of this Lease as if such work were an Alteration. 

  
 Exhibit F 

15 

 EXHIBIT G 

THE TOWERS @ SHORES CENTER 

203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

[INTENTIONALLY OMITTED] 

  
 Exhibit G 

1 

 EXHIBIT H 

THE TOWERS @ SHORES CENTER 

203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

INITIAL LOCATION OF RESERVED PARKING SPACES 

  
 Exhibit H 

1 

 EXHIBIT I 

THE TOWERS @ SHORES CENTER 

203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

APPROXIMATE LOCATION OF BUILDING SIGNAGE 

  
 Exhibit I 

1 

 EXHIBIT J 

THE TOWERS @ SHORES CENTER 

203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

OUTLINE OF POTENTIAL REFUSAL SPACE 
  

 

  
 Exhibit J 

1 

 EXHIBIT K 

THE TOWERS @ SHORES CENTER 

203 REDWOOD SHORES PARKWAY 

REDWOOD CITY, CALIFORNIA 

OUTLINE OF POTENTIAL OFFERING SPACE 
  

 

  
 Exhibit K 

1 

 FIRST AMENDMENT 

THIS FIRST AMENDMENT (this “Amendment”) is made and entered into as of January 15, 2019, by and between HUDSON
TOWERS AT SHORE CENTER, LLC, a Delaware limited liability company (“Landlord”), and POSHMARK, INC., a Delaware corporation (“Tenant”). 

RECITALS 
  

	A.	 Landlord and Tenant are parties to that certain lease dated August 9, 2018, (the “Lease”).
Pursuant to the Lease, Landlord has leased to Tenant space currently containing approximately 50,327 rentable square feet (the “Premises”) consisting of (a) approximately 25,175 rentable square feet known as Suite
No. 700 on the seventh floor, and (b) approximately 25,152 rentable square feet known as Suite No. 800 on the eighth floor, both in the building commonly known as Towers @ Shores - 203 Redwood Shores located at 203 Redwood Shores
Parkway, Redwood City, California (the “Building”). 

  

	B.	 Tenant and Landlord mutually desire that the Lease be amended on and subject to the following terms and
conditions. 

 NOW, THEREFORE, in consideration of the above recitals which by this reference are incorporated
herein, the mutual covenants and conditions contained herein and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 

 

	1.	 Amendment. Effective as of the date of the Lease (unless different effective date(s)
is/are specifically referenced in this Section), Landlord and Tenant agree that the Lease shall be amended in accordance with the following terms and conditions: 

 

	 	1.1.	 Section 2.6.1 of Exhibit B (“Work Letter”) to the Lease is hereby amended and restated in its
entirety as follows: 

 “Construction Pricing Proposal. Within 21 business days after the Architectural
Drawings are approved by Landlord and Tenant, Landlord shall provide Tenant with Landlord’s reasonable estimate (the “Construction Pricing Proposal”) of the cost of all Allowance Items to be incurred by Tenant in connection
with the performance of the Tenant Improvement Work pursuant to the Approved Architectural Drawings and the Approved Additional Programming Information. The Construction Pricing Proposal (other than with respect to soft costs) shall be based on a
bid from the Contractor which in turn shall be based on competitive written bids from at least three (3) subcontractors for each trade estimated to exceed $25,000,00, except for (i) any work affecting any fire/life-safety system or
structural elements of the Building, and (ii) any asbestos testing or containment. Tenant shall provide Landlord with notice approving or disapproving the Construction Pricing Proposal. If Tenant disapproves the Construction Pricing Proposal,
Tenant’s notice of disapproval shall be accompanied by proposed revisions to the Approved Architectural Drawings and/or the Approved Additional Programming Information that Tenant requests in order to resolve its objections to the Construction
Pricing Proposal, and Landlord shall respond as required under Section 2.7 below. Such procedure shall be repeated as necessary until the Construction Pricing Proposal is approved by Tenant. Upon Tenant’s approval of the
Construction Pricing Proposal, Landlord may purchase the items set forth in the Construction Pricing Proposal and begin construction relating to such items.” 
  

	 	1.2.	 Section 2.6.1 of Exhibit B (“Work Letter”) is hereby amended and restated in its entirety as
follows: 

 “Landlord shall retain a contractor of its choice (the “Contractor”) to perform the
Tenant Improvement Work. In addition, subject to Section 2.6.1, Landlord may select and/or approve of any subcontractors, mechanics and materialmen used in connection with the performance of the Tenant Improvement Work.” 

 

	 	1.3.	 Landlord and Tenant confirm and agree that Exhibits H and I were inadvertently omitted from the executed Lease,
and that the correct Exhibits H and I, which are hereby incorporated into the Lease, are attached hereto as Exhibits A and B, respectively. 

  
 1 

	 	1.4.	 Address of Tenant. Effective as of the date hereof, the Address of Tenant referenced in
Section 1.10 of the Lease is hereby deleted in its entirety and is replaced with the following: 

  

			
	“1.10 Address of Tenant:	  	Before the Commencement Date:
		
		  	 Poshmark, Inc.
 101 Redwood Shores Parkway,
Suite 200
 Redwood City, CA 94065
 Attn: Anan Kashyap, Chief
Financial Officer

		
		  	From and after the Commencement Date:
		
		  	 At the Premises
 Attn: Anan Kashyap, Chief
Financial Officer”

  

	2.	 Miscellaneous. 

 

	 	2.1.	 This Amendment sets forth the entire agreement between the parties with respect to the matters set forth
herein. There have been no additional oral or written representations or agreements. Tenant shall not be entitled, in connection with entering into this Amendment, to any free rent, allowance, alteration, improvement or similar economic incentive to
which Tenant may have been entitled in connection with entering into the Lease, except as may be otherwise expressly provided in this Amendment. 

  

	 	2.2.	 Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged
and in full force and effect. 

  

	 	2.3.	 In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this
Amendment shall govern and control. 

  

	 	2.4.	 Submission of this Amendment by Landlord is not an offer to enter into this Amendment but rather is a
solicitation for such an offer by Tenant. Landlord shall not be bound by this Amendment until Landlord has executed and delivered it to Tenant. 

  

	 	2.5.	 Capitalized terms used but not defined in this Amendment shall have the meanings given in the Lease.

  

	 	2.6.	 Tenant shall indemnify and hold Landlord, its trustees, members, principals, beneficiaries, partners, officers,
directors, employees, mortgagee(s) and agents, and the respective principals and members of any such agents harmless from all claims of any brokers claiming to have represented Tenant in connection with this Amendment. Landlord shall indemnify and
hold Tenant, its trustees, members, principals, beneficiaries, partners, officers, directors, employees, and agents, and the respective principals and members of any such agents harmless from all claims of any brokers claiming to have represented
Landlord in connection with this Amendment. Tenant acknowledges that any assistance rendered by any agent or employee of any affiliate of Landlord in connection with this Amendment has been made as an accommodation to Tenant solely in furtherance of
consummating the transaction on behalf of Landlord, and not as agent for Tenant. 

 [SIGNATURES ARE ON FOLLOWING PAGE]

  
 2 

 IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Amendment as of the
day and year first above written. 
  

							
	LANDLORD:
	
	HUDSON TOWERS AT SHORE CENTER, LLC, a Delaware limited liability company
		
	 By:
	 	 Hudson Pacific Properties, L.P.,
 a
Maryland limited partnership,
 its sole member

			
		 	By:	 	 Hudson Pacific Properties, Inc.,
 a
Maryland corporation,
 its general partner

				
		 		 	By:	 	 /s/ Mark T. Lammas

		 		 	Name:	 	 Mark T. Lammas

		 		 	Title:	 	 Chief Operating Officer,

		 		 		 	 Chief Financial Officer & Treasurer

	
	TENANT:
	
	 POSHMARK, INC., a Delaware corporation

							
		
	By:	 	 /s/ Anan Kashyap

							
	Name:	 	 Anan Kashyap

							
	Title:	 	 CFO

  
 3 

 EXHIBIT A 

Exhibit H to Lease 
  

 

  
 4 

 EXHIBIT B 

Exhibit I to Lease 
  

 

  
 5 

 SECOND AMENDMENT 

THIS SECOND AMENDMENT (this “Amendment”) is made and entered into as of February 5, 2019, by and between
HUDSON TOWERS AT SHORE CENTER, LLC, a Delaware limited liability company (“Landlord”), and POSHMARK, INC., a Delaware corporation (“Tenant”). 

RECITALS 
  

	A.	 Landlord and Tenant are parties to that certain lease dated August 9, 2018, as previously amended
by that certain First Amendment dated January 15, 2019 (as amended, the “Lease”). Pursuant to the Lease, Landlord has leased to Tenant space currently containing approximately 50,327 rentable square feet (the
“Existing Premises”) at the building commonly known as Towers @ Shores-203 Redwood Shores located at 203 Redwood Shores Parkway, Redwood City, California (the “Building”) and
described as (i) Suite 700 consisting of approximately 25,175 rentable square feet on the seventh floor of the Building; and (ii) Suite 800 consisting of approximately 25,152 rentable square feet on the eighth floor of the Building

  

	B.	 Pursuant to Section 7 of Exhibit F to the Lease (entitled,
“Right of First Refusal”), Landlord’s Advice (as defined in the Lease) dated January 3, 2019 in connection therewith and Tenant’s Notice of Exercise (as defined in the Lease) in response thereto, the parties wish to expand
the Premises (defined in the Lease) to include additional space, containing approximately 25,549 rentable square feet described as Suite 300 on the third floor of the Building and shown on
Exhibit A attached hereto (the “Expansion Space”), on the following terms and conditions. 

NOW, THEREFORE, in consideration of the above recitals which by this reference are incorporated herein, the mutual covenants and
conditions contained herein and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 
  

	1.	 Expansion. 

 

	 	1.1.	 Effect of Expansion. Effective as of the Expansion Effective Date (defined in
Section 1.2 below), the Premises shall be increased from 50,327 rentable square feet on the seventh and eighth floors to 75,876 rentable square feet on the third, seventh and eighth floors by the addition of the
Expansion Space, and, from and after the Expansion Effective Date, the Premises shall be deemed to include the Expansion Space. The term of the Lease for the Expansion Space (the “Expansion Term”) shall commence on the Expansion
Effective Date (which may occur before, concurrently with or after the Commencement Date for the Existing Premises) and, unless sooner terminated or extended in accordance with the Lease, expire as of the initial Expiration Date under the Lease.
From and after the Expansion Effective Date, the Expansion Space shall be subject to all the terms and conditions of the Lease except as provided herein. Except as may be expressly provided herein, (a) Tenant shall not be entitled to receive,
with respect to the Expansion Space, any allowance, free rent or other financial concession granted with respect to the Existing Premises, and (b) no representation or warranty made by Landlord with respect to the Existing Premises shall apply
to the Expansion Space. 

  

	 	1.2.	 Expansion Effective Date. As used herein, “Expansion Effective Date” means the earlier
of (i) the first date on which Tenant conducts business in the Expansion Space, or (ii) the date occurring 120 days after the Expansion Delivery Date (defined below). As used herein, “Expansion Delivery Date” means
the date on which Landlord tenders possession of the Expansion Space to Tenant free from occupancy by any party, which is estimated to be July 1, 2019. During the period beginning on the Expansion Delivery Date and ending on the date
immediately preceding the Expansion Effective Date, all provisions of the Lease relating to the Expansion Space shall apply as if the Expansion Effective Date had occurred; provided, however, that during such period (a) Tenant shall not be
required to pay Monthly Rent for the Expansion Space, and (b) Tenant may not conduct business in the Expansion Space. If Landlord is delayed in delivering possession of the Expansion Space by any holdover or unlawful possession of the Expansion
Space by any party, Landlord shall use reasonable efforts to obtain possession of the Expansion Space as soon as practicable. 

  

	 	1.3.	 Confirmation Letter. At any time after the Expansion Effective Date, Landlord may deliver to Tenant a
notice substantially in the form of Exhibit B attached hereto, as a confirmation of the information set forth therein. Tenant shall execute and return (or, by written notice to Landlord, reasonably
object to) such notice within 10 business days after receiving it. 

  
 1 

	2.	 Base Rent. With respect to the Expansion Space, the schedule of Base Rent shall be
as follows: 

  

									
	 Period During Expansion

Term

(to the extent applicable)
	  	Annual Rate Per Square
Foot (rounded to the
nearest 100th of a dollar)	 	  	Monthly Base Rent	 
	 Expansion Effective Date through last day of 12th full calendar month of the Term (as such
“Term” is determined with respect to the Existing Premises in accordance with Section 1.3.1 of the Lease)
	  	$	66.00	 	  	$	140,519.50	 
	 13th through 24th full calendar months of the Term
	  	$	67.98	 	  	$	144,735.09	 
	 25th through 36th full calendar months of the Term
	  	$	70.02	 	  	$	149,077.14	 
	 37th through 48th full calendar months of the Term
	  	$	72.12	 	  	$	153,549.45	 
	 49th through 60th full calendar months of the Term
	  	$	74.28	 	  	$	158,155.94	 
	 61st full calendar month of the Term through Expiration Date
	  	$	76.51	 	  	$	162,900.61	 

 All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease, as amended. 

Notwithstanding the foregoing, Tenant shall be entitled to an abatement of Base Rent with respect to the Expansion Space for the Abatement
Period (defined below), in the amount of $140,519.50 per month with respect to any portion of the Abatement Period that occurs prior or during to the 12th full calendar month of the Term (as such
“Term” is determined with respect to the Existing Premises in accordance with Section 1.3.1 of the Lease), and in the amount of $144,735.09 per month with respect to any portion of the Abatement Period that occurs
after the 12th full calendar month of the Term (as such “Term” is determined with respect to the Existing Premises in accordance with Section 1.3.1 of the
Lease), if any, in either case prorated for any partial month in accordance with Section 3 of the Lease. As used in this Section 2, the “Abatement Period” shall mean the period
commencing on the Expansion Effective Date and ending on the date that is the number of months thereafter (with any partial month rounded to the nearest full day) obtained by multiplying 9 by the Refusal Space Term Percentage (as defined in
Section 7.2.E of Exhibit F to the Lease). Notwithstanding anything in the foregoing to the contrary; if a Default exists when any such abatement would otherwise apply, such abatement shall be deferred until
the date, if any, on which such Default is cured. 
  

	3.	 Intentionally Omitted. 

 

	4.	 Tenant’s Share and Base Year. With respect to the Expansion Space during the
Expansion Term, (a) Tenant’s Share shall be 7.6384% and (b) and the Base Year shall be the calendar year 2019. 

  

	5.	 Expenses and Taxes. With respect to the Expansion Space during the Expansion Term, Tenant
shall pay for Tenant’s Share of Expenses and Taxes in accordance with the terms of the Lease, as amended. 

  

	6.	 Improvements to Expansion Space. 

 

	 	6.1.	 Configuration and Condition of Expansion Space. Tenant acknowledges that it has inspected the Expansion
Space and agrees to accept it in its existing configuration and condition (or in such other configuration and condition as any existing tenant of the Expansion Space may cause to exist in accordance with its lease), without any representation by
Landlord regarding its configuration or condition and without any obligation on the part of Landlord to perform or pay for any alteration or improvement, except as may be otherwise expressly provided in this Amendment. 

  
 2 

	 	6.2.	 Expansion Space Allowance. Tenant shall be entitled to receive a
one-time allowance (“Expansion Space Allowance”) for the construction of tenant improvements in the Expansion Space in the amount of $80.00 per rentable square foot of the Expansion Space
multiplied by the Refusal Space Term Percentage (as defined in Section 7.2.E of Exhibit F to the Lease) to be applied toward the Expansion Space Allowance Items (defined below). Tenant shall be responsible for
all costs associated with the Expansion Space Improvement Work (defined below), including the costs of the Expansion Space Allowance Items, to the extent such costs exceed the lesser of (1) the Expansion Space Allowance, or (2) the
aggregate amount that Landlord is required to disburse for such purpose pursuant hereto. Notwithstanding any contrary provision, if Tenant fails to use the entire Expansion Space Allowance within twenty-four (24) months after the Expansion
Effective Date, the unused amount shall revert to Landlord and Tenant shall have no further rights with respect thereto. As used herein, “Expansion Space Tenant Improvements” means all improvements to be constructed in the Expansion
Space pursuant to this provision, and “Expansion Space Tenant Improvement Work” means the construction of the Expansion Space Tenant Improvements, together with any related work (including demolition) that is necessary to
construct the Expansion Space Tenant Improvements. Except as otherwise provided in this provision, the Expansion Space Allowance shall be disbursed by Landlord only for the following items (in each case, the “Expansion Space Allowance
Items”): (a) the fees of Tenant’s architect and engineers, if any, and any Review Fees (as defined below); (b) plan-check, permit and license fees relating to performance of the Expansion Space Tenant Improvement Work; (c) the
cost of performing the Expansion Space Tenant Improvement Work, including after-hours charges, testing and inspection costs, freight elevator usage, hoisting and trash removal costs, and contractors’ fees and general conditions; (d) the
cost of any change to the base, shell or core of the Expansion Space or Building required by Tenant’s plans and specifications (in each case, for purposes of this provision, the “Plans”) (including if such change is due to the
fact that such work is prepared on an unoccupied basis), including all direct architectural and/or engineering fees and expenses incurred in connection therewith; (e) the cost of any change to the Plans or Expansion Space Tenant Improvement
Work required by Law; (f) the Coordination Fee (defined below); (g) sales and use taxes; and (h) all other costs expended by Landlord in connection with the performance of the Expansion Space Tenant Improvement Work. Subject to the terms
hereof, Landlord shall disburse the Expansion Space Allowance for Expansion Space Allowance Items by delivering a check to Tenant within 30 days after the latest of (w) the completion of the Expansion Space Tenant Improvement Work in accordance
with the approved plans and specifications; (x) Landlord’s receipt of (i) copies of all third-party contracts (including change orders) pursuant to which the Expansion Space Tenant Improvement Work has been performed, including paid
invoices from all parties providing labor or materials to the Expansion Space; (ii) executed unconditional mechanic’s lien releases satisfying California Civil Code § 8138, as reasonably determined by Landlord; (iii) if
applicable, a certificate from Tenant’s architect, in a form reasonably acceptable to Landlord, certifying that the Expansion Space Tenant Improvement Work has been substantially completed; (iv) evidence that all governmental approvals
required for Tenant to legally occupy the Expansion Space have been obtained; and (v) any other information reasonably requested by Landlord; (y) Tenant’s delivery to Landlord of “as built” drawings (in CAD format, if
requested by Landlord); or (z) Tenant’s compliance with Landlord’s standard “close out” requirements regarding city approvals, closeout tasks, Tenant’s contractor, financial
close-out matters, and Tenant’s vendors. Landlord’s disbursement shall not be deemed Landlord’s approval or acceptance of the Expansion Space Tenant Improvement Work. Without limitation, the
Expansion Space Tenant Improvement Work shall be subject to Sections 7.2 (except Section 7.2(d)), 7.3 and 8 of the Lease. Tenant shall reimburse Landlord (subject to clause (a) above), upon demand,
for any fees reasonably incurred by Landlord for review of the Plans by Landlord’s third-party consultants (in each case, as used in this Section 6.2, “Review Fees”). In consideration of
Landlord’s coordination of the Expansion Space Tenant Improvement Work, Tenant shall pay Landlord a fee (as used in this Section 6.2, “Coordination Fee”) in an amount equal to 1% of the cost of the
Expansion Space Tenant Improvement Work not to exceed $12,000. Notwithstanding anything in this Section 6.2 to the contrary, but subject to the expiration date for the Expansion Space Allowance set forth above, Tenant may
perform improvements to any Offering Space (as defined in Section 8 of Exhibit F to the Lease) leased by Tenant pursuant to such Section 8 and apply a portion of the Expansion Space
Allowance thereto, subject to all of the terms and conditions set forth in this Section 6.2 with respect to Expansion Space Tenant Improvements, provided, however, that no more than 30% of the Expansion Space Allowance
hereunder may be utilized for improvements in Offering Space(s). 

  
 3 

	7.	 Other Pertinent Provisions. Landlord and Tenant agree that, effective as of the
date of this Amendment (unless different effective date(s) is/are specifically referenced in this Section), the Lease shall be amended in the following additional respects: 

 

	 	7.1.	 California Civil Code Section 1938. Pursuant to California Civil Code
§ 1938, Landlord hereby states that the Expansion Space has not undergone inspection by a Certified Access Specialist (CASp) (defined in California Civil Code § 55.52). 

Accordingly, pursuant to California Civil Code § 1938(e), Landlord hereby further states as follows: “A Certified Access Specialist
(CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of the subject
premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant.
The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction-related
accessibility standards within the premises”. 
 In accordance with the foregoing, Landlord and Tenant agree that if Tenant requests a
CASp inspection of the Expansion Space, then Tenant shall pay (i) the fee for such inspection, and (ii) except as may be otherwise expressly provided in this Amendment, the cost of making any repairs necessary to correct violations of
construction-related accessibility standards within the Expansion Space identified by such CASp inspection so carried out by or at the request of Tenant. 
  

	 	7.2.	 Parking. With respect to the Expansion Term, the number of
non-reserved parking spaces that Tenant is entitled to use pursuant to Sections 1.9 and 24 of the Lease shall be increased by eighty-four
(84) non-reserved parking spaces. 

  

	 	7.3	 Extension Options. The First Extension Option set forth in Section 5 of
Exhibit F to the Lease and the Second Extension Option set forth in Section 6 of Exhibit F to the Lease shall include the Expansion Space. 

 

	 	7.4	 Monument Signage. 

7.4.1. Tenant’s Right to Monument Signage. Subject to the terms of this Section 7.4, from and after the
Commencement Date, Tenant shall have the right to have signage (“Tenant’s Monument Signage”) bearing Tenant’s Name (defined below) installed on the second panel of the monument sign currently located near the front main
entrance to the Building (the “Monument Sign”). As used in this Section 7.4, “Tenant’s Name” means, at any time, at Tenant’s discretion, (i) the name of Tenant set forth in
the first paragraph of the Lease (for purposes of this Section 7.4, “Tenant’s Existing Name”), or (ii) if Tenant’s name is not then Tenant’s Existing Name, then Tenant’s name,
provided that such name is compatible with a first-class office building, as determined by Landlord in its reasonable discretion, and/or (iii) Tenant’s logo, provided that such logo is then being used by Tenant on a substantially
nationwide basis and is compatible with a first-class office building, as determined by Landlord in its reasonable discretion. Notwithstanding any contrary provision hereof, Tenant’s rights under this Section 7.4 shall
be personal to the party named as Tenant in the first paragraph of the Lease (for purposes of this Section 7.4, “Existing Tenant”) and to any successor to Existing Tenant’s interest in the Lease that
acquires its interest in the Lease solely by means of one or more Permitted Transfers originating with Existing Tenant, and may not be transferred to any other party. 

7.4.2. Landlord’s Approval. Any proposed Tenant’s Monument Signage shall comply with all applicable Laws and shall be subject
to Landlord’s prior written consent (which approval shall not be unreasonably withheld); provided, however, that (a) Landlord’s approval as to aesthetic matters may be withheld in Landlord’s sole and absolute (but good faith)
discretion, and (b) Landlord may require that Tenant’s Monument Signage be of the same size and style as the other signage on the Monument Sign. To obtain Landlord’s consent, Tenant shall submit design drawings to Landlord showing the
type and sizes of all lettering; the colors, finishes and types of materials used in Tenant’s Monument Signage; and (if applicable and Landlord consents thereto) any arrangements for illumination. 

7.4.3. Fabrication; Installation; Maintenance; Removal; Costs. Landlord shall (a) fabricate (substantially in accordance with
Tenant’s design approved by Landlord pursuant to Section 7.4.2 above), install and, at the expiration or earlier termination of Tenant’s rights under this Section 7.4, remove
Tenant’s Monument Signage; and (b) maintain, repair, and (if applicable) illuminate the Monument Sign. Tenant shall reimburse Landlord, promptly upon demand, for (x) all costs reasonably incurred by Landlord in fabricating, installing
or removing Tenant’s Monument Signage, and (y) Tenant’s pro rata share (as determined taking into account any other parties using the Monument Sign) of all costs incurred by Landlord in maintaining, repairing and (if applicable)
illuminating the Monument Sign. 

  
 4 

 7.4.4. Costs Associated With Relocation of Existing Panel. Tenant shall reimburse
Landlord, promptly upon demand, for all costs reasonably incurred by Landlord to relocate another tenant’s existing Monument Sign panel from the second position to the third position thereon. 

 

	8.	 Miscellaneous. 

 

	 	8.1.	 This Amendment and the attached exhibits, which are hereby incorporated into and made a part of this Amendment,
set forth the entire agreement between the parties with respect to the matters set forth herein. There have been no additional oral or written representations or agreements. Tenant shall not be entitled, in connection with entering into this
Amendment, to any free rent, allowance, alteration, improvement or similar economic incentive to which Tenant may have been entitled in connection with entering into the Lease, except as may be otherwise expressly provided in this Amendment.

  

	 	8.2.	 Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged
and in full force and effect. 

  

	 	8.3.	 In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this
Amendment shall govern and control. 

  

	 	8.4.	 Submission of this Amendment by Landlord is not an offer to enter into this Amendment but rather is a
solicitation for such an offer by Tenant. Landlord shall not be bound by this Amendment until Landlord has executed and delivered it to Tenant. 

  

	 	8.5.	 Capitalized terms used but not defined in this Amendment shall have the meanings given in the Lease.

  

	 	8.6.	 Tenant shall indemnify and hold Landlord, its trustees, members, principals, beneficiaries, partners, officers,
directors, employees, mortgagee(s) and agents, and the respective principals and members of any such agents harmless from all claims of any brokers (other than S5 Advisory) claiming to have represented Tenant in connection with this Amendment.
Landlord shall indemnify and hold Tenant, its trustees, members, principals, beneficiaries, partners, officers, directors, employees, and agents, and the respective principals and members of any such agents harmless from all claims of any brokers
claiming to have represented Landlord in connection with this Amendment. Tenant acknowledges that any assistance rendered by any agent or employee of any affiliate of Landlord in connection with this Amendment has been made as an accommodation to
Tenant solely in furtherance of consummating the transaction on behalf of Landlord, and not as agent for Tenant. 

[SIGNATURES ARE ON FOLLOWING PAGE] 

  
 5 

 IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Amendment as of the
day and year first above written. 
  

							
	LANDLORD:	 	
	
	HUDSON TOWERS AT SHORE CENTER, LLC, a Delaware limited liability company
		
	By:	 	Hudson Pacific Properties, L.P.,
		 	a Maryland limited partnership,
		 	its sole member
			
		 	By:	 	Hudson Pacific Properties, Inc.,
		 		 	a Maryland corporation,
		 		 	its general partner
				
		 		 	By:	 	 /s/ Arthur X. Suazo

		 		 	Name:	 	Arthur X. Suazo
		 		 	Title:	 	Executive Vice President

  

							
	TENANT:
	
	POSHMARK, INC., a Delaware corporation

 
							
		
	By:	 	 /s/ Anan Kashyap

	Name:	 	Anan Kashyap
	Title:	 	Chief Financial Officer

  
 6 

 EXHIBIT A 

OUTLINE AND LOCATION OF EXPANSION SPACE 
  

 

  
 1 

 EXHIBIT B 

NOTICE OF LEASE TERM DATES 

_____________________, 20__ 
  

					
	To:	 	  
	 	
		 	  
	 	
		 	  
	 	

  

	Re:	 Second Amendment (the “Amendment”), dated ______________, 20____, to a lease agreement dated
August 9, 2018, between HUDSON TOWERS AT SHORE CENTER, LLC, a Delaware limited liability company (“Landlord”), and POSHMARK, INC., a Delaware corporation (“Tenant”), concerning Suite 300 on the
third floor of the building located at 203 Redwood Shores Parkway, Redwood City, California (the “Expansion Space”). 

Dear _________________: 
 In accordance with the
Amendment, Tenant accepts possession of the Expansion Space and confirms that the Expansion Effective Date is _____________, 20___. 

Please acknowledge the foregoing by signing all three (3) counterparts of this letter in the space provided below and returning
two (2) fully executed counterparts to my attention. Please note that, under Section 1.3 of the Amendment, Tenant is required to execute and return (or reasonably object in writing to) this letter within 10 business
days after receiving it. 
  

							
	“Landlord”:
	
	HUDSON TOWERS AT SHORE CENTER, LLC, a Delaware limited liability company
		
	By:	 	Hudson Pacific Properties, L.P.,
		 	a Maryland limited partnership,
		 	its sole member
			
		 	By:	 	Hudson Pacific Properties, Inc.,
		 		 	a Maryland corporation,
		 		 	its general partner
				
		 		 	By:	 	              

		 		 	Name:	 	  

		 		 	 Title:
	 	  

 

			
	Agreed and Accepted as
	of                	 	, 20 .

  

			
	“Tenant”:
	
	POSHMARK, INC., a Delaware corporation
		
	By:	 	
                 

	Name:	 	  

	Title:EX-10.11

 Exhibit 10.11 

POSHMARK, INC. 
 SENIOR
UNSECURED CONVERTIBLE NOTE PURCHASE AGREEMENT 
 September 15, 2020 

$50,000,000 
  

 

 THIS SENIOR UNSECURED CONVERTIBLE NOTE PURCHASE AGREEMENT (as amended, restated,
supplemented or otherwise modified from time to time, the “Agreement”), dated as of September 15, 2020 (the “Effective Date”) is entered into by and among POSHMARK, INC., a Delaware corporation
(“Issuer”) and the purchasers set forth on Schedule 1 hereto (in each case, together with their respective successors and registered assigns, a “Purchaser”, and collectively, “Purchasers”).

 The parties hereto, intending to be legally bound, hereby agree as follows: 

1. DEFINED TERMS; INTERPRETATIVE PROVISIONS. 

Accounting terms not defined in this Agreement shall be construed in accordance with GAAP, and calculations and determinations shall be made following GAAP, in
each case, as in effect from time to time and consistently applied; provided that, if after the Effective Date, there occurs any change in GAAP or in the application thereof that materially impacts the calculation of the financial metrics under this
Agreement and the Issuer notifies the Holders that the Issuer requests an amendment to any provision hereof to eliminate the effect of such change in GAAP or in the application thereof (or if the Required Holders notify Issuer that it requests an
amendment to any provision hereof for such purpose), regardless of whether any such provision is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and
applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision is amended in accordance herewith. Capitalized terms not otherwise defined in this Agreement shall have the meanings set
forth on Exhibit A. As used in the Note Documents, the word “shall” is mandatory, the word “may” is permissive, the word “or” is not exclusive, the words “includes” and “including” are not
limiting, the singular includes the plural, and numbers denoting amounts that are set off in brackets are negative. Unless otherwise specified, all references in this Agreement or any Annex or Schedule hereto to a “Section,”
“subsection,” “Exhibit,” “Annex,” or “Schedule” shall refer to the corresponding Section, subsection, Exhibit, Annex, or Schedule in or to this Agreement. For purposes of the Note Documents, whenever a
representation or warranty is made to a Person’s knowledge or awareness, knowledge or awareness means the actual knowledge, after reasonable investigation, of any Responsible Officer of such Person. 

2. PURCHASE AND SALE OF NOTES. 

2.1 Purchase and Sale of Notes. Subject to the terms and conditions of this Agreement, each Purchaser hereby agrees to purchase, on the
Effective Date, and Issuer hereby agrees to issue to each Purchaser, on the Effective Date, senior unsecured convertible promissory notes, in the form attached hereto as Exhibit B (as amended, restated, supplemented or otherwise modified from
time to time, collectively, the “Notes”, and each, a “Note”), in an aggregate original principal amount of $50,000,000. 

2.2 Payment or Conversion of the Notes. 

(a) Payment at Maturity. Unless earlier converted in accordance with the terms of the Notes, Issuer shall pay in cash, on the Maturity
Date, in respect of each Note, the outstanding principal amount thereof, the Exit Fee and any unpaid Other Obligations then due and owing to Holders. 

(b) No Prepayment at the Election of Issuer. The principal amount of the Obligations may not be voluntarily paid prior to the Maturity
Date except as set forth in subsections (c), (d) or (e) below. 
 (c) Mandatory Prepayment Upon
Acceleration. If the Obligations are accelerated in accordance with the terms hereof following the occurrence and during the continuation of an Event of Default, Issuer shall immediately pay to Holders, in respect of each Note, the outstanding
principal amount thereof, the Applicable Premium and any unpaid Other Obligations then due and owing to Holders. 
 (d) Mandatory
Prepayment Upon Change of Control. If Issuer consummates a Change in Control, Issuer shall pay in cash upon the effectiveness of such Change of Control, in respect of each Note, an amount equal to the outstanding principal amount, plus the
Applicable Premium, and any unpaid Other Obligations then due and owing to Holders. 
 (e) Prepayment / Conversion Upon SPAC
Transaction. If Issuer consummates a SPAC Transaction, the Required Holders may elect to (i) require prepayment of the Notes, in which case Issuer shall pay in cash upon the effectiveness of such SPAC Transaction, in respect of each Note,
an amount equal to the outstanding principal amount, plus the Applicable Premium, and any unpaid Other Obligations then due and owing to Holders, or (ii) convert the Notes, in which case, each Note shall convert in accordance with the terms set
forth in the Notes. 

 (f) Automatic Conversion upon Initial Public Offering Or Direct Listing. If Issuer
consummates a Qualified IPO or a Qualified Direct Listing, the Notes shall be automatically converted in accordance with the terms set forth in the Notes, provided that, in no event shall any Holder be required to enter into a lock-up agreement or similar arrangement in connection with such conversion. 
 2.3 Payments. All
payments made in respect of the Notes or otherwise pursuant to the Note Documents shall be made in immediately available funds in Dollars, without setoff, recoupment or counterclaim before 4.00 p.m. Eastern Time on the date when due by wire transfer
in accordance with wire transfer instructions confirmed in writing by each Holder on or prior to the date of payment. When a payment is due on a day that is not a Business Day, the payment shall be due the next Business Day. Upon payment in cash or
delivery of Conversion Shares, in each case, in accordance with this Agreement and the Notes, the Notes shall be deemed satisfied in full. 

2.4 Fees, Premium and Holder Expenses; Default Rate. Issuer shall pay the following to Holders in respect of the Notes: 

(a) Exit Fee. The Exit Fee, if the Notes are repaid in cash when due in accordance with Section 2.2(a). 

(b) Applicable Premium. The Applicable Premium, if the Notes are repaid in cash when due in accordance with
Section 2.2(c) or (d), or, subject to Required Holders election to receive payment in cash, Section 2.2(e); 

(c) Holder Expenses. All Holder Expenses incurred through the date of issuance, on the Effective Date, and all Holder Expenses incurred
after the Effective Date, promptly upon request. 
 (d) Default Rate. During the existence of an Event of Default due to non-payment of any Obligations, whether at the scheduled Maturity Date or upon acceleration of the Obligations, the outstanding Obligations shall, at the election of Required Holders, bear interest at the Applicable
Default Rate, which shall accrue to principal monthly, on the first day of each month, (the “Default Interest”). Accrual, payment or acceptance of Default Interest is not a permitted alternative to timely payment or delivery of
Conversion Shares and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Holders. 

2.5 Withholding. 
 (a) Any
and all payments by or on account of any obligation of Issuer under any Note Document shall be made without deduction or withholding for any Taxes, except as required by applicable law. 

(b) If a Holder is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Note Document, such
Holder shall deliver to Issuer, at the time or times reasonably requested by Issuer, such properly completed and executed documentation reasonably requested by Issuer as will permit such payments to be made without withholding or at a reduced rate
of withholding, including, but not limited to, IRS Form W-9, IRS Form W-8BEN, IRS Form
W-8BEN-E, IRS Form W-8IMY, in each case, as applicable. In addition, each Holder, if reasonably requested by Issuer, shall
deliver such other documentation prescribed by applicable law or reasonably requested by Issuer as will enable Issuer to determine whether or not is subject to backup withholding or information reporting requirements. Each Holder agrees that if any
form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify Issuer in writing of its legal inability to do so. Each Holder agrees that if any
form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify Issuer in writing of its legal inability to do so. 

3. CONDITIONS TO CLOSING 

3.1 Conditions Precedent to Initial Closing. Each Purchaser’s obligation to purchase Notes on the Effective Date shall be
subject to Purchasers’ receipt of each of the following documents, in form and substance satisfactory to Purchasers, or satisfaction of the following conditions, as applicable: 

(a) this Agreement, duly executed by Issuer; 

(b) each Note to be delivered to the Purchasers as of the Effective Date, duly executed by Issuer; 

  
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 (c) an officer’s certificate, in the form attached hereto as Exhibit D, duly
executed by a Responsible Officer, certifying as to the Operating Documents of the Issuer as in effect as of the Effective Date, resolutions of the Board approving the execution, delivery and performance of this Agreement and issuance of the Notes
and the Conversion Shares (upon conversion of the Notes), and a waiver by the requisite stockholders of any conversion price adjustment or preemptive rights in connection with the issuance of the Notes; 

(d) a legal opinion of Issuer’s counsel with respect to the Note Documents; and 

(e) payment of all Holder Expenses incurred through the Effective Date, as set forth in the flow of funds agreed upon between Issuer and each
Purchaser on or prior to the Effective Date. 
 4. REPRESENTATIONS AND WARRANTIES OF ISSUER 

Issuer hereby represents and warrants as follows: 

4.1 Organization, Good Standing and Qualification. Issuer is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware. Issuer and each of its Subsidiaries has all requisite corporate power and authority to own and operate its properties and assets, to execute and deliver this Agreement, to issue the Notes, to issue the Conversion
Shares upon conversion of the Notes, and to carry out the provisions of this Agreement, the Notes and any other Note Documents and to carry on its business as presently conducted. Issuer and each of its Subsidiaries is duly qualified to do business
and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties makes such qualification necessary, except for those jurisdictions in which failure to do so would not be reasonable
expected to have a Material Adverse Effect. 
 4.2 Subsidiaries. Except as set forth in Schedule 4.2 hereto, as of the
Effective Date, (a) Issuer does not own or control any Equity Interest of any other corporation, partnership, limited liability company or other business entity, (b) every Subsidiary of Issuer is wholly-owned, and (c) Issuer is not a
participant in any joint venture, partnership, limited liability company or similar arrangement. 
 4.3 Capitalization. 

(a) Schedule 4.3(a) hereto sets forth with respect to each class and series of capital stock of Issuer as of the Effective Date, the par
value, the number of shares authorized, outstanding and reserved for issuance pursuant to options, warrants or convertible securities, and with respect to Issuer’s 2011 Stock Option and Grant Plan (“Plan”), the number of shares
of Common Stock reserved for issuance pursuant to options duly granted pursuant to the Plan and the number of shares of Common Stock reserved for issuance pursuant options available to be granted pursuant to the Plan. As of the Effective Date,
Issuer has not made any representations regarding equity incentives to any officer, employee, director or consultant that are inconsistent with the share amounts and terms set forth in Schedule 4.3(a) hereto. 

(b) All issued and outstanding shares of Common Stock and Preferred Stock (i) have been duly authorized and validly issued and are fully
paid and nonassessable, (ii) were issued in compliance with all applicable state and federal laws concerning the issuance of securities or pursuant to valid exemptions therefrom; and (iii) are subject to a right of first refusal in favor
of Issuer upon transfer as set forth in the Operating Documents of the Issuer as of the Effective Date. 
 (c) The rights, preferences,
privileges and restrictions of the Preferred Stock are as stated in the Operating Documents delivered to the Purchaser on the Effective Date. When issued upon conversion of the Notes in accordance with the terms there of and the Operating Documents,
the Conversion Shares will be validly issued, fully paid and nonassessable, and will be free of any Liens or encumbrances other than Liens and encumbrances created by or imposed upon the applicable Holder; provided, however, that the Conversion
Shares may be subject to restrictions on transfer under state and/or federal securities laws or as otherwise required by such laws at the time a transfer is proposed. The issuance of the Notes, and the issuance of the Conversion Shares upon
conversion of the Notes is not and will not be subject to any preemptive rights or rights of first refusal that have not been properly waived. 

(d) Issuer has no obligation (contingent or otherwise) to purchase or redeem any of its capital stock. 

  
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 (e) To Issuer’s knowledge, any “nonqualified deferred compensation plan” (as
such term is defined under Section 409A(d)(1) of the Code) under which Issuer makes, is obligated to make or promises to make, payments (each, a “409A Plan”) complies in all material respects, in both form and operation, with
the requirements of Section 409A of the Code and the guidance thereunder. To the knowledge of Issuer, no payment to be made under any 409A Plan is, or will be, subject to the penalties of Section 409A(a)(1) of the Code. 

(f) Subject to the accuracy of the representations of Purchasers in Section 5, and subject to the filings set forth
below, the Conversion Shares issuable upon conversion of the Notes will be issued in compliance with all applicable federal and state securities laws, no consent, approval, order or authorization of, or registration, qualification, designation,
declaration or filing with, any federal, state or local Governmental Authority is required on the part of Issuer in connection with the consummation of the issuance of the Notes and the issuance of the Conversion Shares upon conversion of the Notes,
except for (i) filings pursuant to Regulation D of the Securities Act or the filing pursuant to Section 25102(f) or 25102.1 of the California Corporate Securities Law of 1968, as amended, and any other applicable state securities laws,
which have been made or will be made in a timely manner. 
 4.4 Authorization; Enforceability. All corporate action on the part of
Issuer, its officers, directors and stockholders necessary for the execution and delivery of this Agreement and the other Note Documents, the performance of all Issuer’s obligations thereunder, and the sale, issuance and delivery of the Notes
pursuant hereto and the Conversion Shares upon conversion of the Notes, has been taken. The Note Documents, when executed and delivered, will be valid and binding obligations of Issuer, enforceable against the Issuer in accordance with their
respective terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights, (b) general principles of equity that restrict
the availability of equitable remedies. 
 4.5 Financial Statements. The audited consolidated balance sheet, income statement, and
statement of cash flows for the fiscal year ended December 31, 2018, and the unaudited consolidated balance sheet, income statement and statement of cash flows for the seven months ended July 31, 2020 (the “Statement
Date”, and such audited and unaudited financial statements, collectively, the “Financial Statements”), copies of which have been delivered to Purchasers, fairly present in all material respects, in accordance with GAAP
applied on a consistent basis, the consolidated financial position of Issuer and its Subsidiaries as of the dates and for the periods presented, subject, with respect to unaudited financial statements, to normal
year-end adjustments and the absence of footnote disclosures (in case of the unaudited financial statements). As of the Effective Date, except as set forth in the Financial Statements, Issuer and its
Subsidiaries have no liabilities, contingent or otherwise, other than liabilities incurred in the ordinary course of business subsequent to Statement Date and obligations under contracts and commitments incurred in the ordinary course of business
and not required to be reflected in the Financial Statements in accordance with GAAP, which, in both cases, individually or in the aggregate, are not material to the financial condition or operating results of Issuer and its Subsidiaries. Since the
Statement Date, no event, circumstance, development or change has occurred that would reasonably be expected to have a Material Adverse Effect. 

4.6 Material Agreements. As of the Effective Date, except as set forth on Schedule 4.6(a) hereto, there are no agreements,
understandings, instruments, contracts, proposed transactions, judgments, orders, writs or decrees to which Issuer or any of its Subsidiaries is a party or to its knowledge by which it is bound which may involve (i) future obligations
(contingent or otherwise) of, or payments to, Issuer or a Subsidiary, as applicable, in excess of $1,000,000, (ii) the Transfer or license of any Intellectual Property to or by Issuer or a Subsidiary (other than (A) licenses of “off the
shelf” or other standard products or (B) the nonexclusive license of Intellectual Property in the ordinary course of business pursuant to standard end-user agreements), (iii) provisions restricting
the development, manufacture or distribution of Issuer’s products or services, or (iv) indemnification by Issuer or a Subsidiary with respect to infringements of Intellectual Property (such agreements, “Material
Agreements”). 
 4.7 Related Party Matters. There are no arrangements or agreements with Affiliates existing as of the
Effective Date that would violate Section 7.7. Except as set forth on Schedule 4.7 hereto, none of the officers, directors or, to the best of Issuer’s knowledge, key employees or stockholders
of Issuer or any Subsidiary or any members of the immediate families of the foregoing, has any direct or indirect ownership interest in any Person with which Issuer is affiliated or with which Issuer has a business relationship, or any Person that
competes with Issuer, other than (i) passive Investments in publicly traded companies (representing less than 2.5% of such company) which may compete with Issuer, and (ii) Investments by venture capital funds affiliated with members of the
Board in other portfolio companies of such venture capital fund. No officer, director or, to Issuer’s knowledge, stockholder or member of the immediate families of any officer, director or stockholder, is, directly or indirectly, interested in
any Material Agreement. 

  
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 4.8 Title to Properties and Assets; Liens, Etc. Issuer and each of its Subsidiaries
has good and marketable title to the properties and assets it owns, subject to no Lien other than Permitted Liens. All facilities, machinery, equipment, fixtures, vehicles and other properties owned, leased or used by Issuer or any of its
Subsidiaries are in good operating condition and repair and are reasonably fit and usable for the purposes for which they are being used. With respect to the property and assets it leases, Issuer and each of its Subsidiaries is in compliance in all
material respects with such leases to which it is a party, and, to its knowledge, holds a valid leasehold interest free of any Liens other than Permitted Liens and other than those of the lessors of such property or assets. 

4.9 Intellectual Property. 

(a) Issuer and each of its Subsidiaries owns or possesses sufficient legal rights to all Intellectual Property necessary for its business as
now conducted, without any known infringement of the rights of others. Except as set forth on Schedule 4.9(a) hereto, there are no outstanding options, licenses or agreements of any kind relating to the foregoing proprietary rights, nor is
Issuer or any of its Subsidiaries bound by or a party to any options, licenses or agreements of any kind with respect to the Intellectual Property of any other person or entity other than such licenses or agreements arising from the purchase of
“off the shelf” or standard products. 
 (b) Except as set forth in Schedule 4.9(b) hereto, to Issuer’s knowledge,
neither Issuer nor any of its Subsidiaries has received any communications alleging that Issuer or such Subsidiary has infringed upon any Intellectual Property of another Person, nor is Issuer aware of any basis therefor. 

(c) Issuer is not aware that any of its or its Subsidiaries’ employees is obligated under any contract (including licenses, covenants or
commitments of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency, that would interfere with their duties to Issuer or its Subsidiary, as applicable, or that would conflict with
Issuer’s business as currently conducted or as presently proposed to be conducted. 
 (d) Neither Issuer nor any of its Subsidiaries is
not subject to any obligation or condition under any free or open source software that would require that any of its proprietary software (A) be disclosed, distributed, or made available in source code form; (B) be licensed with the
permission to create derivative works; or (C) be redistributable at no charge. 
 4.10 Compliance with Other Instruments. Neither
Issuer nor any of its Subsidiaries (i) is in violation or default of any term of its Operating Documents, or (ii) is in violation or default in any material respect of any material term of any Material Agreement or any material judgement,
decree or writ by which it or a material portion of its assets are bound. The execution delivery and performance of this Agreement and the issuance of the Notes (and the Conversion Shares upon conversion of the Notes) will not, with or without the
passage of time or giving of notice, result in (i) any material violation of, or be in conflict with or constitute a material default under any Operating Document, or (ii) any violation of, or be in conflict with or constitute a default in
any material respect under, any Material Agreement or judgment or decree or writ by which a material portion of its assets are bound, and will not result in the creation of any Lien on any material portion of the properties or assets of Issuer or
any of its Subsidiaries, other than a Permitted Lien, or the suspension, revocation, impairment, forfeiture or nonrenewal of any material permit, license, authorization or approval applicable to Issuer or any of its Subsidiaries, its respective
business or operations or any of its assets or properties. 
 4.11 Litigation. There is no action, suit, proceeding or investigation
pending or, to Issuer’s knowledge, currently threatened against Issuer or any of its Subsidiaries, or, to Issuer’s knowledge, against any officer or key employee of Issuer or any of its Subsidiaries arising out of his or her employment,
that would reasonably be expected to result, either individually or in the aggregate, in any Material Adverse Effect, or that questions the validity of this Agreement, the other Note Documents, or the right of Issuer to enter into any of such
agreements, or to consummate the transactions contemplated hereby or thereby. The foregoing includes, without limitation, actions pending or, to Issuer’s knowledge, threatened involving the prior employment of any of Issuer’s or its
Subsidiaries’ employees, their use in connection with Issuer’s business of any information or techniques allegedly proprietary to any of their former employers, or their obligations under any agreements with prior employers. Neither Issuer
nor any Subsidiary is a party or subject to the provisions of any material order, writ, injunction, judgment or decree of any court or government agency or instrumentality. As of the Closing Date, there is no material action, suit, proceeding or
investigation by Issuer currently pending or which Issuer or any Subsidiary intends to initiate. For purposes of the foregoing, “material” shall mean reasonably expected to result in monetary damages in excess of $1,000,000 or otherwise
reasonably expected to have a Material Adverse Effect, if adversely determined. 

  
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 4.12 Tax Returns and Payments. Issuer is a subchapter C corporation. Issuer and its
Subsidiaries have each timely filed all income and other material tax returns (federal, state and local) required to be filed by them, and has timely paid all federal state and local Taxes due and payable as of the Effective Date (except (i) in
case of state or local taxes, where failure to do so would not reasonably be expected to result in a Material Adverse Effect and (ii) for Taxes duly contested by appropriate proceedings diligently conducted, so long as reserves or other
appropriate provision is made therefor in accordance with GAAP). Issuer has not been advised in writing (a) that any of its returns, federal, state or other, have been or are being audited as of the date hereof, or (b) of any deficiency in
assessment or proposed adjustment to its federal, state or other Taxes. 
 4.13 Employees. As of the Effective Date, except as set
forth on Schedule 4.13 hereto, 
 (a) neither Issuer nor any of its Subsidiaries has any collective bargaining agreements with any of
its employees; 
 (b) neither Issuer nor any of its Subsidiaries is a party to or bound by any currently effective employment contract (other
than standard offer letters entered into in the ordinary course of business), deferred compensation arrangement, severance arrangement bonus plan, incentive plan, profit sharing plan, retirement agreement or other employee compensation plan or
agreement; 
 (c) no employee of Issuer or any of its Subsidiaries has been granted the right to continued employment by Issuer or such
Subsidiary or to any material compensation following termination of employment with Issuer or such Subsidiary; 
 (d) to Issuer’s
knowledge, no employee of Issuer or any of its Subsidiaries, nor any consultant with whom Issuer or any of its Subsidiaries has contracted, is in material violation of any material term of any employment contract, proprietary information agreement
or any other agreement relating to the right of any such individual to be employed by, or to contract with, Issuer or such Subsidiary; and neither Issuer nor any of its Subsidiaries has received any notice alleging that any such material violation
has occurred; 
 (e) to Issuer’s knowledge, no officer, key employee or group of employees of Issuer or any of its Subsidiaries intends
to terminate his, her or their employment with Issuer or such Subsidiary, nor does Issuer or any of its Subsidiaries have any present intention to terminate the employment of any officer, key employee or group of employees; 

(f) there are no actions pending, or to Issuer’s knowledge, threatened, by any former or current employee of Issuer or any of its
Subsidiaries concerning such Person’s employment by Issuer or such Subsidiary; 
 (g) neither Issuer nor any of its Subsidiaries is
materially delinquent in payments to any of its employees, consultants, or independent contractors for any material wages, salaries, commissions, bonuses, or other direct compensation for any service performed for it or amounts required to be
reimbursed to such employees, consultants or independent contractors; 
 (h) Issuer and each of its Subsidiaries has complied in all material
respects with all applicable state and federal equal employment opportunity laws and with other laws related to employment, including those related to wages, hours and worker classification; 

(i) Issuer and each of its Subsidiaries has withheld and paid to the appropriate Governmental Authority or is holding for payment not yet due
to such Governmental Authority all amounts required to be withheld from employees of Issuer or such Subsidiary and is not liable for any arrears of wages, taxes, penalties or other sums for failure to comply with any of the foregoing; 

(j) the employment of each employee of Issuer or any of its Subsidiaries is terminable at the will of Issuer or such Subsidiary; 

(k) except as required by law, upon termination of the employment of any such employees, no severance or other payments will become due, and
neither Issuer nor any Subsidiary has any policy, practice, plan or program of paying severance pay or any form of severance compensation in connection with the termination of employment services; 

(l) each former key employee whose employment was terminated by Issuer or any of its Subsidiaries has entered into an agreement with Issuer or
such Subsidiary providing for the full release of any claims against Issuer or such Subsidiary and any related party arising out of such employment; 

  
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 (m) neither Issuer nor any of its Subsidiaries has established, sponsors, maintains or
participates in or contributes to any employee benefit plan, which is subject to ERISA, and Issuer or such Subsidiary has made all required contributions and has no liability to any such employee benefit plan, other than ordinary administrative
expenses and liability for health plan continuation coverage described in Part 6 of Title I(B) of ERISA; 
 (n) each current and former
employee of Issuer or any of its Subsidiaries has executed a non-solicitation agreement substantially in the form or forms delivered to Purchasers, and Issuer is not aware that any violation of any such
agreement; 
 (o) neither Issuer nor any of its Subsidiaries is bound by or subject to (and none of its assets or properties is bound by or
subject to) any written or oral, express or implied, contract, commitment or arrangement with any labor union, and no labor union has requested or, to the knowledge of Issuer, has sought to represent any of the employees, representatives or agents
of Issuer or any of its Subsidiaries; and there is no strike or other labor dispute involving Issuer or any of its Subsidiaries pending, or to Issuer’s knowledge, threatened, which could have a Material Adverse Effect, nor is Issuer aware of
any labor organization activity involving the employees of Issuer or any of its Subsidiaries; and 
 (p) to Issuer’s knowledge, none of
the key employees or directors of Issuer or any of its Subsidiaries has been (A) subject to any order, judgment or decree (not subsequently reversed, suspended, or vacated) of any court of competent jurisdiction permanently or temporarily
enjoining him from engaging, or otherwise imposing limits or conditions on his or her engagement in any securities, investment advisory, banking, insurance, or other type of business or acting as an officer or director of a public company; or
(B) found by a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission or the Commodity Futures Trading Commission to have violated any federal or state securities, commodities, or unfair trade practices
law, which such judgment or finding has not been subsequently reversed, suspended, or vacated. 
 4.14 Obligations of Management. As
of the Effective Date, each officer and key employee of Issuer or any of its Subsidiaries is currently devoting substantially all of his or her business time to the conduct of the business of Issuer or such Subsidiary. As of the Effective Date,
Issuer is not aware that any officer or key employee of Issuer or any of its Subsidiaries is planning to work less than full time at Issuer or the applicable Subsidiary in the future. No officer or key employee is currently working or, to
Issuer’s knowledge, plans to work for a competitive enterprise, whether or not such officer or key employee is or will be compensated by such enterprise. 

4.15 Registration Rights and Voting Rights. Except as required pursuant to the Investor Rights Agreement, Issuer is presently not under
any obligation, and has not granted any rights, to register under the Securities Act any of Issuer’s presently outstanding securities or any of its securities that may hereafter be issued. To Issuer’s knowledge, except as contemplated in
the Voting Agreement, no stockholder of Issuer has entered into any agreement with respect to the voting of equity securities of Issuer. 

4.16 Compliance with Laws; Permits. Neither Issuer nor any of its Subsidiaries is in violation of any applicable Requirement of Law,
which violation would reasonably be expected to have a Material Adverse Effect. No material consents, approvals or authorization, filing registrations or declarations is required in connection with the execution and delivery of this Agreement and
the other Note Documents or the issuance of the Notes (or the Conversion Shares upon conversion of the Notes), except such as have been duly and validly obtained or filed, or with respect to any filings that will be timely made after the Effective
Date. Issuer and each of its Subsidiaries has all material franchises, permits, licenses and any similar authority reasonably necessary for the conduct of its business as now being conducted by it and believes it can obtain, without undue burden or
expense, any similar authority reasonably necessary for the conduct of its business as presently planned to be conducted. Without limitation of the foregoing: 

(a) Real Property Holding Corporation. Issuer is not a real property holding corporation within the meaning of Section 897(c)(2) of
the Code and any regulations promulgated thereunder. 
 (b) Investment Company Act. Neither Issuer nor any of its Subsidiaries is an
“investment company” or an “affiliated Person” of, or “promoter” or “principal underwriter” for, an “investment company”, as such terms are defined in the Investment Company Act of 1940 as amended.

  
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 (c) Margin Stock. Neither Issuer nor any of its Subsidiaries is engaged, nor will it
engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin security” as such terms are defined in Regulation U of the Federal
Reserve Board as now and from time to time hereafter in effect (such securities being referred to herein as “Margin Stock”). None of the proceeds of issuance of the Notes have been (or will be) used, directly or indirectly, for the
purpose of purchasing or carrying any Margin Stock, for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry any Margin Stock or for any other purpose which might cause any of the Note Issuances or
other extensions of credit under this Agreement to be considered a “purpose credit” within the meaning of Regulation T, U or X of the Federal Reserve Board. 

(d) OFAC; Sanctions. Issuer has not taken or permitted to be taken any action which would reasonably be expected to cause any Note
Document to violate any regulation of the Federal Reserve Board. Neither the issuance of the Notes nor Issuer’s use of the proceeds thereof will violate the Trading with the Enemy Act, as amended, or any of the applicable foreign assets control
regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto. Neither Issuer, nor any of its Subsidiaries, nor, to Issuer’s knowledge, any
Affiliate of Issuer or any of its Subsidiaries nor, to the knowledge of Issuer, any present holder of Equity Interests of any of the foregoing (i) is, or will become, a Person described or designated in the Specially Designated Nationals and
Blocked Persons List of the Office of Foreign Assets Control of the United States Department of Treasury (“OFAC”) or in Section 1 of the Anti-Terrorism Order or similar sanctions of any other Governmental Authority including of
any other applicable jurisdiction, (ii) is located in or resides within any country that is subject to embargo or trade sanctions enforced by OFAC, (iii) is, or will become, a Person whose property or interest in property is blocked or
subject to blocking pursuant to Section 1 of the Anti-Terrorism Order, or (iv) engages or will engage in any unlawful dealings or transactions with any such Person. 

(e) FCPA; Patriot Act. Issuer and its Subsidiaries are in compliance, in all material respects, with the USA Patriot Act. No part of the
proceeds from the issuance of the Notes has been (or will be) used, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else
acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977. 

(f) ERISA. No Reportable Event or Prohibited Transaction, as defined in Section 4043 and Section 406 of ERISA, respectively,
in each case which could reasonably be expected to result in material liability to the Issuer, has occurred or is reasonably expected to occur, and Issuer has not failed to meet the minimum funding requirements of Section 412 of ERISA. 

(g) Bad Actor. No “bad actor” disqualifying event described in Rule 506(d)(1)(i)-(viii) of the Securities Act (a
“Disqualification Event”) is applicable to Issuer or, to Issuer’s knowledge, any Company Covered Person, except for a Disqualification Event as to which Rule 506(d)(2)(ii–iv) or (d)(3), is applicable. “Company
Covered Person” means, with respect to Issuer as an “issuer” for purposes of Rule 506 promulgated under the Securities Act, any person listed in the first paragraph of Rule 506(d)(1). 

(h) Environmental Laws. Except as could not reasonably be expected to have a Material Adverse Effect, (a) Issuer and each of its
Subsidiaries is and has been in compliance with all Environmental Laws; (b) there has been no release or threatened release of any pollutant, contaminant or toxic or hazardous material, substance or waste or petroleum or any fraction thereof
(each a “Hazardous Substance”), on, upon, into or from any site currently or heretofore owned, leased or otherwise used by Issuer or such Subsidiary; (c) there have been no Hazardous Substances generated by Issuer that have
been disposed of or come to rest at any site that has been included in any published U.S. federal, state or local “superfund” site list or any other similar list of hazardous or toxic waste sites published by any Governmental Authority in
the United States; and (d) there are no underground storage tanks located on, no polychlorinated biphenyls (“PCBs”) or PCB-containing equipment used or stored on, and no hazardous waste
as defined by the Resource Conservation and Recovery Act, as amended, stored on, any site owned or operated by Issuer, except for the storage of hazardous waste in compliance with Environmental Laws. To the extent such materials exist, Issuer or the
applicable Subsidiary has made available to the Purchasers true and complete copies of all material environmental records, reports, notifications, certificates of need, permits, pending permit applications, correspondence, engineering studies and
environmental studies or assessments. 
 (i) Data Privacy. In connection with its collection, storage, transfer (including, without
limitation, any transfer across national borders) and/or use of any personally identifiable information from any individuals, including, without limitation, any customers or employees (collectively “Personal Information”), Issuer is
and has been in compliance in all material respects with all applicable laws in all relevant jurisdictions, Issuer’s privacy policies and the requirements of any contract or codes of conduct to which Issuer is a party. Issuer has

  
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commercially reasonable physical, technical, organizational and administrative security measures and policies in place designed to protect all Personal Information collected by it or on its
behalf from and against unauthorized access, use and/or disclosure. Issuer is and has been in compliance in all material respects with all laws relating to data loss, theft and breach of security notification obligations. 

4.17 Offering Valid. Subject to the representations and warranties of Purchasers set forth in Section 5, the
offer, sale and issuance of the Notes and the Conversion Shares (upon conversion of the Notes) will be exempt from the registration requirements of the Securities Act, and will have been registered or qualified (or are exempt from registration and
qualification) under the registration, permit or qualification requirements of all applicable state securities laws. Neither Issuer nor any agent on its behalf has solicited or will solicit any offers to sell or has offered to sell or will offer to
sell all or any part of the Notes to any Person or Persons so as to bring the sale of such Notes by Issuer within the registration provisions of the Securities Act or any state securities laws. 

4.18 Changes. During the period from the Statement Date through the Effective Date, except as set forth in Schedule 4.18 hereto,
there has not been: 
 (a) any change in the consolidated assets, liabilities, financial condition or operating results of Issuer and its
Subsidiaries, except changes in the ordinary course of business that do not result in a Material Adverse Effect; 
 (b) any damage,
destruction or loss, whether or not covered by insurance, that would reasonably be expected to have a Material Adverse Effect; 
 (c) any
waiver or compromise by Issuer or any of its Subsidiaries of a contractual right with a contract value in excess of $250,000 individually or of a material Indebtedness of another Person owed to it; 

(d) any satisfaction or discharge of any Lien on the assets of Issuer or any of its Subsidiaries or repayment of any Indebtedness of Issuer or
any of its Subsidiaries, except in the ordinary course of business and the satisfaction or discharge of which would not reasonably be expected to have a Material Adverse Effect; 

(e) any material change to a Material Agreement by which Issuer, any of its Subsidiaries, or their respective assets are bound or subject; 

(f) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; 

(g) any resignation or termination of employment of any officer or key employee of Issuer or any of its Subsidiaries; 

(h) any Lien created by or arising on any material properties or assets of Issuer or any of its Subsidiaries, except for Permitted Liens; 

(i) any loans or guarantees made by Issuer or any of its Subsidiaries to or for the benefit of its employees, officers or directors, or any
members of their immediate families, other than travel advances and other advances made in the ordinary course of business or which would constitute a Permitted Investment; 

(j) any declaration, setting aside or payment or other distribution in respect of any of Issuer’s capital stock, or any direct or indirect
redemption, purchase, or other acquisition of any of such stock by Issuer; 
 (k) any sale, assignment or transfer of any Intellectual
Property other than licensing in the ordinary course of business; 
 (l) to Issuer’s knowledge, any other event or condition of any
character, other than events affecting the economy or Issuer’s industry generally, that could reasonably be expected to have a Material Adverse Effect; or 

(m) any arrangement or commitment by Issuer to do any of the things described in this Section 4.18. 

4.19 Full Disclosure. Issuer has provided each Purchaser with all information requested in writing by such Purchaser in connection with
its decision to purchase the Notes. To Issuer’s knowledge, neither this Agreement, nor the other Note Documents, nor any other document delivered by Issuer to any Purchaser or its counsel or agents in connection herewith or therewith or the
transactions contemplated hereby or thereby, when taken as a whole, contain any untrue statement of a material fact nor, to Issuer’s knowledge, omit to state a material fact necessary in order to

  
 9 

 
make the statements contained herein or therein not materially misleading in light of the circumstances in which they were made, when taken as a whole, it being recognized by the Purchasers that
the projections and forecasts provided by Issuer in good faith and based upon reasonable assumptions are not to be viewed as facts and that actual results during the period or periods covered by any such projections and forecasts may differ from the
projected or forecasted results. 
 5. REPRESENTATIONS AND WARRANTIES OF PURCHASERS 

Each Purchaser hereby represents and warrants to Issuer, severally and not jointly, as follows (provided that such representations and
warranties do not lessen or obviate the representations and warranties of Issuer set forth in this Agreement): 
 5.1 Requisite Power and
Authority. Each Purchaser has all necessary power and authority to execute and deliver this Agreement and the Note Documents and to carry out their provisions. All action on each Purchaser’s part required for the lawful execution and
delivery of this Agreement and the Note Documents has been taken. Upon their execution and delivery, this Agreement and the Note Documents will be valid and binding obligations of each Purchaser, enforceable in accordance with their terms, except
(a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights, or (b) as limited by general principles of equity that restrict the
availability of equitable remedies. 
 5.2 Investment Representations. Each Purchaser understands that neither the Notes nor the
Conversion Shares have been registered under the Securities Act. Each Purchaser also understands that the Notes are being offered and sold pursuant to an exemption from registration contained in the Securities Act based in part upon such
Purchaser’s representations contained in the Agreement. In furtherance of the foregoing: 
 (a) Purchaser Bears Economic Risk.
Each Purchaser has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to Issuer so that it is capable of evaluating the merits and risks of its investment in Issuer and has the
capacity to protect its own interests. Each Purchaser must bear the economic risk of this investment indefinitely unless the Notes (or the Conversion Shares) are registered pursuant to the Securities Act, or an exemption from registration is
available. Each Purchaser also understands that there is no assurance that any exemption from registration under the Securities Act will be available and that, even if available, such exemption may not allow such Purchaser to transfer all or any
portion of the Notes or the Conversion Shares under the circumstances, in the amounts or at the times such Purchaser might propose. Each Purchaser also understands that no public market now exists for the Notes, the Conversion Shares or any shares
of the Common Stock, and that Issuer has made no representation that a public market will ever exist for the Notes, the Conversion Shares or the Common Stock. 

(b) Acquisition for Own Account. Each Purchaser is acquiring the Notes and the Conversion Shares for Purchaser’s own account for
investment only, and not with a view towards their distribution. By executing this Agreement, each Purchaser further represents that such Purchaser does not presently have any contract, undertaking, agreement or arrangement with any Person to sell,
transfer or grant participations to such Person or to any third Person, with respect to the Notes and the Conversion Shares. 
 (c)
Purchaser Can Protect Its Interest. Each Purchaser represents that by reason of its, or of its management’s, business or financial experience, such Purchaser has the capacity to protect its own interests in connection with the
transactions contemplated in this Agreement, and Note Documents. Further, such Purchaser is aware of no publication of any advertisement in connection with the transactions contemplated in the Agreement. 

(d) Accredited Investor. Each Purchaser represents that it is an accredited investor within the meaning of Regulation D under the
Securities Act. 
 (e) Company Information. Each Purchaser has had an opportunity to discuss Issuer’s business, management and
financial affairs with directors, officers and management of Issuer and has had the opportunity to review Issuer’s operations and facilities. Each Purchaser has also had the opportunity to ask questions of and receive answers from, Issuer and
its management regarding the terms and conditions of this investment. Nothing in this Section 5 limits or modifies the representations and warranties of Issuer in Section 4 or the right of any
Purchaser to rely thereon. 

  
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 (f) Rule 144. Each Purchaser acknowledges and agrees that the Notes, and, if issued,
the Conversion Shares, are “restricted securities” as defined in Rule 144 promulgated under the Securities Act as in effect from time to time and must be held indefinitely unless they are subsequently registered under the Securities Act or
an exemption from such registration is available. Each Purchaser has been advised or is aware of the provisions of Rule 144, which permits limited resale of shares purchased in a private placement subject to the satisfaction of certain conditions,
including, among other things: the availability of certain current public information about Issuer, the resale occurring following the required holding period under Rule 144 and the number of shares being sold during any three-month period not
exceeding specified limitations. 
 (g) Residence. If any Purchaser is an individual, then such Purchaser resides in the state or
province identified in the address of such Purchaser set forth on Schedule 1 hereto; if such Purchaser is a partnership, corporation, limited liability company or other entity, then the office or offices of such Purchaser in which its
investment decision was made is located at the address or addresses of such Purchaser set forth on Schedule 1 hereto. 
 (h)
Exculpation Among Purchasers. Each Purchaser acknowledges that it is not relying upon any person, other than Issuer and its officers and directors, in making its investment or decision to invest in Issuer. Each Purchaser agrees that neither
any Purchaser nor the respective controlling Persons, officers, directors, partners, agents, or employees of any Purchaser shall be liable to any other Purchaser for any action heretofore taken or omitted to be taken by any of them in connection
with the purchase of the Notes. 
 6. AFFIRMATIVE COVENANTS 

6.1 Legal Existence; Good Standing; Compliance with Laws. Except for transactions permitted by
Section 7.3, Issuer shall, and shall cause each of its Subsidiaries to, maintain its legal existence and good standing in its jurisdiction of incorporation or formation, as applicable, and maintain qualification in each
jurisdiction in which the failure to so qualify would reasonably be expected to have a Material Adverse Effect. Issuer shall, and shall cause each of its Subsidiaries to, (x) comply with all Requirements of Law to which it is subject, except
where a failure to do so would not reasonably be expected to have a Material Adverse Effect; and (y) obtain all of the Governmental Approvals required in connection with the operation of its business as currently conducted and presently
proposed to be conducted and for the performance of its obligations under the Note Documents and comply with all terms and conditions with respect to such Governmental Approvals, except, in each case, where failure to obtain such Governmental
Approval or the failure to comply with such Governmental Approvals would not reasonably be expected to result in a Material Adverse Effect. Issuer shall maintain and cause each of its Subsidiaries to maintain compliance in all material respects with
applicable Sanctions and Anti-Corruption Laws, and shall implement and cause each of its Subsidiaries to implement appropriate policies and procedures designed to promote in all material respects compliance by their respective directors, officers,
employees and agents with applicable Sanctions and Anti-Corruption Laws, and shall not engage in unlawful transactions or dealings with a Sanctioned Person or Sanctioned Country. Issuer shall not (u) become an “investment
company” or a company controlled by an “investment company”, under the Investment Company Act of 1940, as amended; (v) undertake as one of its important activities extending credit to purchase or carry Margin Stock, or use the
proceeds of the issuance of the Notes for that purpose; (w) fail to meet the minimum funding requirements of ERISA; (x) permit a Reportable Event or Prohibited Transaction, as defined in Section 4043 and Section 406 of ERISA,
respectively, in each case which could reasonably be expected to result in material liability to the Issuer to occur; (y) fail to comply with the Federal Fair Labor Standards Act or violate any other law or regulation, if the violation could
reasonably be expected to have a Material Adverse Effect; (z) withdraw from participation in, permit partial or complete termination of, or permit the occurrence of any other event with respect to, any present pension, profit sharing and
deferred compensation plan which could reasonably be expected to result in any liability of Issuer or any of its Subsidiaries, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other Governmental Authority.

 6.2 Financial Statements, Reports, Certificates; Holder Meetings. 

(a) Financial Statements; Reporting and Notices. Issuer shall deliver to Holders the following: 

Monthly Financial Statements. Within 30 days after the last day of each month, a company prepared consolidated balance sheet and income statement
(including a statement of cash flows) covering Issuer’s consolidated operations for such month, certified by a Responsible Officer and in a form reasonably acceptable to Required Holders, prepared in accordance with GAAP, consistently applied,
except for the absence of footnotes, and subject to normal year-end adjustments; 
 Quarterly Financial
Statements. Within 45 days after the last day of each fiscal quarter, a company prepared consolidated balance sheet and income statement (including a statement of cash flows) covering Issuer’s consolidated operations for such fiscal
quarter, certified by a Responsible Officer, prepared in accordance with GAAP, consistently applied, except for the absence of footnotes, and subject to normal year-end adjustments; 

  
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 Annual Audited Financial Statements. As soon as available, but no later than 120 days after the last
day of Issuer’s fiscal year, audited consolidated financial statements prepared under GAAP, consistently applied, together with an opinion on the financial statements from an independent certified public accounting firm of recognized national
standing (without a “going concern” or like qualification or exception, and without any qualification or exception as to the scope of such audit other than (x) a qualification resulting from an upcoming maturity date or scheduled
commitment termination date for any Indebtedness occurring within one year from the time such opinion is delivered and (y) a qualification related solely to the actual or potential inability to comply with a financial maintenance covenant
during the period covered or within the applicable time following such report); 
 Budgets and Financial Projections. (i) Within 60 days after
fiscal year end of Issuer, annual financial projections for the fiscal year commenced as approved by the Board, and any related business forecasts used in the preparation of such annual financial projections, and (ii) promptly following Board
approval thereof, any Board approved update to such projections; 
 Quarterly Compliance Certificate. Together with the quarterly financial
statements delivered in accordance with subsection (i) above, a duly completed Compliance Certificate substantially in the form attached hereto as Exhibit C, signed by a Responsible Officer; 

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Issuer or any of its Subsidiaries an adverse
determination of which would reasonably be expected to result in (i) damages or costs to Issuer or any of its Subsidiaries of $1,000,000 or more in the aggregate, (ii) a Material Adverse Effect, or (iii) invalidation of any material
Intellectual Property; 
 Valuation Reports; Capitalization Tables. A copy of each 409A valuation report as to Issuer’s capital stock that is
approved by the Board following the Effective Date, together with the next Compliance Certificate due after such approval, 
 Capitalization Table.
Following any material change to the fully diluted capitalization of Issuer, an updated capitalization table with the next Compliance Certificate following such change (it being understood and agreed that, for purposes hereof, a “material
change” shall mean a change in ownership with respect to capital stock representing in excess of 2.5% of all capital stock of Issuer, on an as-converted to Common Stock basis). 

Operating Documents; Financing Documents. Upon any material amendment to Issuer’s Operating Documents, a copy of the Operating Documents as then
in effect or upon the consummation of any preferred stock financing or other financing involving the issuance of Equity Interests, a copy of such amended Operating Documents or transaction documents entered into in connection with such financing, as
applicable, in each case, within 5 Business Days following the effectiveness thereof; 
 Revolving Debt Reporting, Notices and Documents.
Concurrently with delivery to any holder of Permitted Revolving Indebtedness (if any), a copy of all financial reporting, including any borrowing base certificates and compliance certificates; upon delivery or receipt by Issuer, any material notices
pursuant to the documentation relating to such Permitted Revolving Indebtedness; and within three Business Days of effectiveness, copies of any amendments, restatements, waivers, or other modifications to the documentation relating to such Permitted
Revolving Indebtedness; and 
 SPAC Transaction. Not less than ten (10 ) days prior to the effectiveness of a SPAC Transaction, notice thereof and a
summary of terms and copies of such transaction documents as Required Holders may reasonably request. 
 (b) Holder Meetings. Issuer
will, within 45 days after the close of each fiscal quarter, at the request of Required Holders and upon reasonable prior notice, participate in a conference call to review the financial results of the fiscal quarter then ended, as well as prospects
of the business of Issuer and its Subsidiaries and any other matters that Required Holders may reasonably wish to discuss. 
 (c)
Electronic Delivery. Information required to be delivered pursuant to clauses (ii) and (iii) above may be delivered electronically and, if so delivered, shall be deemed to have been delivered on the earlier of (i) the date on which
Issuer posts such information, or provides a link thereto on Issuer’s website or at www.sec.gov; or (ii) the date on which such information is posted on Issuer’s behalf on an Internet or intranet website, if any, to which the
Purchasers have been granted access; provided that, in each such case, Issuer provides notice to the Purchasers that such information has been posted or provided as set forth herein. 

Notwithstanding the foregoing, any Holder may by written notice to Issuer elect to forego reporting, notices or other information required in accordance with
this Section 6.2 or any other notice or report including non-public information, either for a specified period or until further written notice by such Holder is given, and upon
receipt of such notice, Issuer shall discontinue such reporting and notices accordingly. 

  
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 6.3 Taxes; Pensions. Issuer shall timely file, and cause each of its Subsidiaries to
timely file, all required Tax returns and reports and timely pay, and require each of its Subsidiaries to timely pay, all foreign, federal, state and local Taxes when due, except for (i) deferred payment of any taxes contested in good faith and
subject to reserves in accordance with GAAP and (ii) state or local Taxes that, if not paid, would not reasonably be expected to result in a Material Adverse Effect, and pay all amounts necessary to fund all present pension, profit sharing and
deferred compensation plans in accordance with their terms. 
 6.4 Intellectual Property. Issuer shall use commercially
reasonable efforts to protect, defend and maintain the validity and enforceability of the owned Intellectual Property that is material to its business; promptly advise Holders in writing of material infringements that could reasonably be expected to
materially and adversely affect the value of its Intellectual Property that is material to the Issuer’s business; and use commercially reasonable efforts to prevent any owned Intellectual Property that is material to Issuer’s business to
be abandoned, forfeited or dedicated to the public. 
 6.5 Use of Proceeds. Issuer shall use the proceeds of the issuance of
the Notes to fund the working capital needs of Issuer and its Subsidiaries and/or to fund its and its Subsidiaries’ general corporate purposes, business requirements and growth initiatives. 

6.6 Formation or Acquisition of Subsidiaries. If Issuer forms or acquires any direct or indirect Subsidiary or acquires any Subsidiary
after the Effective Date (in each case, other than an Excluded Subsidiary), or at the written request of the Required Holders with respect to any Subsidiary that is not a Guarantor (other than an Excluded Subsidiary), Issuer shall (a) promptly,
and in any event within 10 days thereof, provide written notice to Holders together with certified copies of the Operating Documents of such Subsidiary, and (b) promptly, and in any event within 30 days of such formation or creation or
acquisition (or such later date as the Required Holders may agree) cause such Subsidiary to enter into a Guaranty as Holders may reasonably require. If following any fiscal quarter, Issuer determines that the conditions set forth in the defined term
“Immaterial Subsidiaries” are not met with respect to all Subsidiaries then designated as Immaterial Subsidiaries, Issuer shall promptly notify Holders thereof, and, at the request of Required Holders shall designate one or more
Subsidiaries to provide a Guaranty with respect to the Obligations, such that after giving effect thereto, the conditions set forth in “Immaterial Subsidiary” are satisfied. 

7. NEGATIVE COVENANTS 

Issuer shall not, and shall not permit any of its Subsidiaries to, do any of the following so long as Obligations remain outstanding (other
than contingent indemnification obligations as to which no claim has been asserted in writing and any other obligations which, by their terms, are to survive the termination of this Agreement): 

7.1 Dispositions. Convey, sell, lease, transfer, assign, or otherwise dispose of (collectively, “Transfer”) all or any
part of its business or property, except for Permitted Transfers. 
 7.2 Changes in Business. Engage in any business other than the
businesses substantially same as the businesses currently engaged in by Issuer and its Subsidiaries, or reasonably related, incidental, ancillary or complimentary thereto or a natural extension of the same, without the prior written consent of
Required Holders. 
 7.3 Mergers or Acquisitions. Merge or consolidate with any other Person, or acquire all or substantially all of
the capital stock or property of another Person, except that (i) any Subsidiary may merge or consolidate into any other Subsidiary or Issuer, provided that in any transaction involving (x) a Subsidiary that is a Guarantor or
(y) Issuer, such Subsidiary that is a Guarantor or Issuer, as applicable, shall be the surviving entity, (ii) Issuer or any Subsidiary may acquire all or substantially all of the capital stock or property of any Subsidiary, provided that
such transaction does not result in the transfer of property or capital stock by Issuer or any Subsidiary that is a Guarantor to a Subsidiary that is not a Guarantor, (iii) any Subsidiary that is not a Guarantor may transfer all or
substantially all assets if such transaction would constitute a “Permitted Transfer”, and (iv) Issuer may enter into and consummate a transaction resulting in a Change in Control, subject to prepayment in accordance with
Section 2.2(d). 
 7.4 Indebtedness. Create, incur, assume, or become liable for any Indebtedness, or permit
any Subsidiary to do so, except for Permitted Indebtedness. 
 7.5 Encumbrance. Create, incur, or allow or suffer to exist any Lien on
any of its property, except for Permitted Liens. 

  
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 7.6 Distributions; Investments. (a) Pay any dividends or make any distribution
with respect to, or redeem, retire or purchase any of, its Equity Interests, except for Permitted Distributions; or (b) directly or indirectly make any Investment other than Permitted Investments. 

7.7 Transactions with Affiliates. Directly or indirectly enter into or permit to exist any material transaction with any Affiliate of
Issuer, except for the following: 
 (a) transactions that are upon fair and reasonable terms that are no less favorable to Issuer or its
Subsidiary, as applicable, than would be obtained in an arm’s length transaction with a non-affiliated Person; 

(b) bona fide rounds of debt or equity financing by investors in Issuer for capital raising purposes; 

(c) reasonable and customary director, officer and employee fees, compensation, expense reimbursement, and other customary benefits including
retirement, health, stock option, equity compensation, and other benefit plans and indemnification arrangements approved by the Board; 
 (d)
the execution, delivery and performance of any customary stockholder or registration rights agreement approved by the Board; 
 (e) any
issuances of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment agreements, stock options, stock ownership plans or similar arrangements approved by the Board, 

(f) any Permitted Distribution, 

(g) any Permitted Investment to the extent expressly contemplated by the terms of the applicable clause of the defined term “Permitted
Investment” to be a transaction among Affiliates; 
 (h) any Permitted Transfer to the extent expressly contemplated by the terms of the
applicable clause of the defined term “Permitted Transfer” to be a Transfer to an Affiliate; 
 (i) intercompany transactions
between or among Issuer and its wholly-owned Subsidiaries not otherwise restricted by this Agreement. 
 8. EVENTS OF DEFAULT 

Any one of the following shall constitute an event of default (an “Event of Default”): 

8.1 Payment Default. Issuer fails to pay (a) outstanding principal, any Exit Fee, or any Applicable Premium, any Default Interest
when due in respect of any Note, or (b) any Other Obligations within five (5) Business Days of becoming due in respect of any Note. 

8.2 Covenant Default. 
 (a)
Issuer (i) fails or neglects to perform any obligation in Article 7 hereof, or (ii) fails to deliver Conversion Shares when required in accordance with the Notes and such failure continues for three (3) Business Days following the
date such delivery was required; or 
 (b) Issuer fails or neglects to perform, keep, or observe any other term, provision, condition,
covenant or agreement contained in the Note Documents, and as to any such Default (other than those constituting an Event of Default or set forth in subsection (a) above), if such other term, provision, condition, covenant or agreement
is capable of being cured, has failed to cure such Default within thirty days of the occurrence thereof. 
 8.3 Attachment; Levy;
Restraint on Business. 
 (a) (i) The service of process seeking to attach, by trustee or similar process, any funds of Issuer or
any of its Subsidiaries in an aggregate amount in excess of $1,000,000, (ii) a notice of Lien or levy is filed against Issuer’s assets, or the assets of any of its Subsidiaries by any Governmental Authority in an aggregate amount or fair market
value in excess of $1,000,000, and the same under subclauses (i) and (ii) hereof are not, within thirty (30) days, discharged, stayed or bonded pending appeal; or 

  
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 (b) (i) any material portion of Issuer’s assets or the assets of any of its
Subsidiaries is attached, seized, levied on, or comes into possession of a trustee or receiver, or (ii) any court order enjoins, restrains, or prevents Issuer or any of its Subsidiaries from conducting all or any material part of its business;
or (iii) the delivery of a notice of foreclosure or exclusive control with respect to any deposit or securities account maintained by Issuer with a balance in excess of $1,000,000. 

8.4 Insolvency. (a) Issuer and its Subsidiaries, as a whole, are unable to pay its debts (including trade debts) as they become due
or the fair salable value of the assets (including goodwill minus disposition costs) of Issuer and its Subsidiaries, on a consolidated basis, exceeds the fair value of liabilities of Issuer and its Subsidiaries, on a consolidated basis;
(b) Issuer and its Subsidiaries voluntarily commences an Insolvency Proceeding with respect to itself; or (c) an Insolvency Proceeding is begun against Issuer or any of its Subsidiaries that is not dismissed or stayed within forty-five
(45) days. 
 8.5 Other Agreements. There is, under any agreement to which an Issuer or any of its Subsidiaries is a party, any
default resulting in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in a principal amount individually or in the aggregate in excess of $1,000,000. 

8.6 Judgments; Penalties. One or more fines, penalties or final judgments, orders or decrees for the payment of money in an
amount, individually or in the aggregate, of at least $5,000,000 shall be rendered against Issuer or a Subsidiary thereof by any Governmental Authority, and the same are not, within thirty (30) days after the entry, assessment or issuance
thereof, discharged, or after execution thereof, stayed (or an action of similar effect outside the United States) or bonded pending appeal, or such judgments are not discharged prior to the expiration of any such stay. 

8.7 Misrepresentations. Issuer makes any representation, warranty, or other statement in writing now or later in any Note Document or in
any writing delivered to Purchasers or to induce Purchasers to enter the Note Document, and such representation, warranty, or other statement is incorrect in any material respect when made. 

8.8 Revolving Indebtedness. An “event of default” has occurred pursuant to the Permitted Revolving Indebtedness occurs and is
continuing beyond the applicable grace period. 
 9. HOLDERS’ RIGHTS AND REMEDIES 

9.1 Rights and Remedies. Upon the occurrence and during the continuation of an Event of Default, the Required Holders may, without
notice or demand, do any or all of the following: declare all Obligations immediately due and payable (but if an Event of Default described in Section 8.4 occurs, all Obligations are immediately due and payable without any
action by Holders). Holders have all rights and remedies provided by applicable law, or in equity. A Holder’s exercise of one right or remedy is not an election and shall not preclude Holders from exercising any other remedy under this
Agreement or other remedy available at law or in equity, and any waiver of any Event of Default is not a continuing waiver. Holders’ delay in exercising any remedy is not a waiver, election, or acquiescence. 

9.2 Demand Waiver. Issuer hereby waives demand, notice of default or dishonor, notice of payment and nonpayment and notice of nonpayment
at maturity. 
 10. NOTICES. 

All notices (including a Notice of Conversion), consents, requests, approvals, demands, or other communication by any party to the Note
Document must be in writing and (unless expressly provided otherwise in the applicable Note Document) shall be deemed to have been validly served, given, or delivered: (a) upon the earlier of actual receipt and three (3) Business Days
after deposit in the U.S. mail, first class, registered or certified mail return receipt requested, with proper postage prepaid; (b) upon transmission, when sent by electronic mail; (c) one (1) Business Day after deposit with a reputable
overnight courier with all charges prepaid; or (d) when delivered, if hand-delivered by messenger, all of which shall be addressed to the party to be notified and sent to the address, or email address indicated on the signature pages hereto or
Schedule 1, as applicable. . Issuer and each Holder may change their respective mailing or electronic mail addresses by giving the other parties hereto written notice thereof in accordance with the terms of this
Section 10. Notwithstanding the foregoing, all reporting and notices in accordance with Section 6.2 shall be delivered exclusively by electronic mail, to the following address:
PoshmarkReporting@owlrock.com, unless otherwise notified by a Holder in writing. 

  
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 11. CHOICE OF LAW, VENUE, AND JURY TRIAL WAIVER 

Except as otherwise expressly provided in any of the Note Documents, this Agreement and the other Note Documents shall be governed by, and
construed in accordance with, the laws of the State of New York without regard to principles of conflicts of law. Issuer and each Holder hereby (or by acceptance of the applicable Note) submit to the exclusive jurisdiction of the State and Federal
courts in New York County, City of New York, New York. Each party hereto expressly submits and consents in advance to such jurisdiction in any action or suit commenced in any such court, and each party hereto hereby waives (to the extent permitted
by law) any objection that it may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and hereby consents to the granting of such legal or equitable relief as is deemed appropriate by such court. Each party hereto
hereby waives (to the extent permitted by law) personal service of the summons, complaints, and other process issued in such action or suit and agrees that service of such summons, complaints, and other process may be made by registered or certified
mail addressed to Issuer at the address set forth in, or subsequently provided by such party in accordance with, Section 10 of this Agreement and that service so made shall be deemed completed upon the earlier to occur of
Issuer’s actual receipt thereof or three (3) days after deposit in the U.S. mails, proper postage prepaid. 
 TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ISSUER AND EACH HOLDER EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE NOTE DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT,
TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT OR ANYWHERE ELSE, ISSUER AGREES THAT IT SHALL NOT
SEEK FROM ANY HOLDER UNDER ANY THEORY OF LIABILITY (INCLUDING ANY THEORY IN TORTS), ANY SPECIAL, INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 

12. GENERAL PROVISIONS 

12.1 Termination Prior to Maturity Date; Survival. All covenants, representations and warranties made in this Agreement shall continue
in full force until this Agreement has terminated pursuant to its terms and all Obligations (other than contingent indemnification obligations as to which no claim has been asserted in writing and any other obligations which, by their terms, are to
survive the termination of this Agreement) have been satisfied in full. Those obligations that are expressly specified in this Agreement as surviving this Agreement’s termination shall continue to survive notwithstanding this Agreement’s
termination. 
 12.2 Successors and Assigns. This Agreement binds and is for the benefit of the successors and permitted assigns of
each party. Issuer may not assign any Note Document or any rights or obligations under it without Required Holders’ prior written consent. Without the consent of the Issuer (which shall not be unreasonably delayed, conditioned or withheld), no
Purchaser or any subsequent Holder shall sell, transfer, assign, negotiate, or grant participation in all or any part of, or any interest in, Purchaser’s or such Holder’s obligations, rights, and benefits under this Agreement and the other
Note Documents; provided that no consent of Issuer shall be required for any such sale, transfer, assignment, negotiation or grant of participation (i) after the occurrence and during the continuance of an Event of Default or
(ii) to another Purchaser or Holder, to an Affiliate of the transferring Purchaser or Holder, to its and its Affiliate’s Approved Funds or to a Separately Managed Account of such Purchaser or Holder. Notwithstanding any provision in this
Section to the contrary, Issuer may withhold its consent to any such sale, transfer, assignment, negotiation or grant of interest to any Person to any Person deemed by the Issuer’s Board to be a competitor of Issuer or its Subsidiaries. Any
sale, transfer, assignment, negotiation or grant of participation in contravention of this Section 12.2 shall be void ab initio.  

12.3 Indemnification. Issuer agrees to indemnify, defend and hold Holders and each of their respective directors, officers, employees,
agents, attorneys, or any other Person affiliated with or representing a Holder (each, an “Indemnified Person”) harmless against: (i) all obligations, demands, claims, and liabilities (including such claims, costs, expenses,
damages and liabilities based on liability in tort, including strict liability in tort) claimed or asserted by any other party in connection with the transactions contemplated by the Note Documents; and (ii) all losses or expenses (including
Holder Expenses) in any way suffered, incurred, or paid by such Indemnified Person as a result of, following from, consequential to, or arising from transactions among Holders and Issuer (collectively, “Claims”), except for
(x) Claims and/or losses to the extent resulting from the gross negligence or willful misconduct of such 

  
 16 

 
Indemnified Person, (y) Claims resulting from a material breach of the obligations of such Indemnified Person under the Note Documents, and (z) Claims and/or losses to the extent
resulting from disputes among or between Indemnified Persons; provided, however, that the foregoing shall not apply to taxes other than any taxes that represent losses, claims, damages, etc., arising from any
non-tax claim. Notwithstanding any provision of the Note Documents to the contrary, no party hereto shall be responsible or liable to any other Person for any special, indirect, consequential, incidental or
punitive damages under the terms of this Section or otherwise in connection with the Note Documents, except for indemnification obligations brought by third parties for which Issuer is otherwise liable pursuant to the provisions of this Section.
This Section 12.3 shall survive until all statutes of limitation with respect to the Claims, losses, and expenses for which indemnity is given shall have run. 

12.4 Amendments in Writing; Waiver; Integration. No purported amendment or modification of any Note Document, or waiver, discharge or
termination of any obligation under any Note Document, shall be enforceable or admissible unless, and only to the extent, expressly set forth in a writing signed by Issuer and the Required Holders. Any provision of this Agreement or any Note
Document may be amended, waived or modified only upon the written consent of Issuer and the Required Holders. Without limiting the generality of the foregoing, no oral promise or statement, nor any action, inaction, delay, failure to require
performance or course of conduct shall operate as, or evidence, an amendment, supplement or waiver or have any other effect on any Note Document. Any waiver granted shall be limited to the specific circumstance expressly described in it, and shall
not apply to any subsequent or other circumstance, whether similar or dissimilar, or give rise to, or evidence, any obligation or commitment to grant any further waiver. The Note Documents represent the entire agreement about this subject matter and
supersede prior negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations among the parties about the subject matter of the Note Documents merge into the Note Documents. 

12.5 Time of Essence. Time is of the essence for the performance of all Obligations. 

12.6 Severability of Provisions. Each provision of this Agreement is severable from every other provision in determining the
enforceability of any provision. 
 12.7 [Reserved]. 

12.8 Counterparts. This Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each
of which, when executed and delivered, is an original, and all taken together, constitute one Agreement. 
 12.9 Confidentiality. In
handling any confidential information or materials provided by or on behalf of Issuer to any Holder in connection with or pursuant to the Note Documents (collectively, the “Confidential Information”), Holders shall exercise the same
degree of care that it exercises for its own proprietary information, but disclosure of information may be made: (a) to Holders’ Subsidiaries, Affiliates, officers, directors, employees and legal, tax and accounting advisors in the
ordinary course of business and to the extent necessary to monitor and evaluate such Holder’s investment in Issuer (and/or advising such Holder in connection with such purpose); (b) to prospective transferees or purchasers of any interest in
any Note (collectively, “Permitted Disclosees”), provided, however, Holders shall obtain any such Permitted Disclosee’s agreement to the terms of this provision or ensure such Permitted Disclosee is bound by confidentiality
terms no less restrictive than the terms of this Section 12.9; (c) as required by law, regulation, subpoena, or other order and in connection with reporting obligations applicable to Holders, including pursuant to the
Exchange Act, (d) to Holder’s regulators or as otherwise required in connection with Holders’ examination or audit; and (e) as Required Holders consider appropriate in exercising remedies under the Note Documents. Confidential
Information does not include information that either: (i) to the extent such confidential information is in the public domain or in a Holder’s possession when disclosed to a Holder, or becomes part of the public domain (other than as a
result of disclosure by such Holder in violation of this Agreement) after disclosure to a Holder; or (ii) is disclosed to Holders by a third party without restricting Holders’ use or disclosure thereof, if a Holder does not know that the
third party is prohibited from disclosing the information. Without limitation of the foregoing, except for information with respect to Holders’ investment in the Notes required to be disclosed pursuant to the Exchange Act or other information
publicly available due to reporting obligations pursuant to any applicable Requirement of Law, no Holder shall disclose Confidential Information to any direct competitor of Issuer. Each Holder agrees to notify Issuer in writing of any misuse,
misappropriation or unauthorized disclosure of the Confidential Information which has come to its attention. In the event that a Purchaser or any of its Permitted Disclosees receives a request or is required by a Governmental Authority to disclose
all or any Confidential Information, such Purchaser or its Permitted Disclosees, as the case may be, agree to (A) immediately notify Issuer of 

  
 17 

 
the existence, terms and circumstances surrounding such request, except to the extent such notification would violate any applicable Requirement of Law, (B) consult with Issuer on the
advisability of taking legally available steps to resist or narrow such request and (C) assist Issuer in seeking a protective order or other appropriate remedy, in each case, at Issuer’s expense. In the event that such protective order or
other remedy is not obtained or that Issuer waives compliance with the provisions hereof, such Holder or its Permitted Disclosees, as the case may be, may disclose to any Governmental Authority only that portion of the Confidential Information which
such Holder is advised by counsel is legally required to be disclosed, and such Holder shall exercise reasonable commercial efforts to obtain assurance that confidential treatment will be accorded such Confidential Information. 

12.10 Publicity. Issuer consents to Purchaser issuing a tombstone and using Issuer’s logo to highlight the transaction in
its marketing materials, and agrees to collaborate with Purchaser on a mutually agreeable press releases, at Purchaser’s request, following the Effective Date.  

12.11 Electronic Execution of Documents. The words “execution,” “signed,” “signature” and words of like
import in any Note Document shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity and enforceability as a manually executed signature or the use of a
paper-based recordkeeping systems, as the case may be, to the extent and as provided for in any applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act. 

12.12 Captions. The headings used in this Agreement are for convenience only and shall not affect the interpretation of this Agreement.

 12.13 Construction of Agreement. The parties mutually acknowledge that they and their attorneys have participated in the
preparation and negotiation of this Agreement. In cases of uncertainty this Agreement shall be construed without regard to which of the parties caused the uncertainty to exist. 

12.14 Tax Treatment. The parties agree to treat the Notes as “equity” for tax purposes in accordance with Section 385(c)
of the Code. Each party shall file all federal, state, county and local tax returns and information reporting forms required to be filed consistent with the treatment of the Notes as equity and otherwise in accordance with this
Section 12.14, unless otherwise required by a change or clarification of applicable law. Except as otherwise required by law, no party to this Agreement shall take a position inconsistent with the foregoing on any tax
return or otherwise. 
 12.15 Relationship. The relationship of the parties to this Agreement is determined solely by the provisions
of this Agreement. The parties do not intend to create any agency, partnership, joint venture, trust, fiduciary or other relationship with duties or incidents different from those of parties to an
arm’s-length contract. 
 12.16 Third Parties. Nothing in this Agreement, whether express
or implied, is intended to: (a) confer any benefits, rights or remedies under or by reason of this Agreement on any Persons other than the express parties to it and their respective permitted successors and assigns; (b) relieve or
discharge the obligation or liability of any Person not an express party to this Agreement; or (c) give any Person not an express party to this Agreement any right of subrogation or action against any party to this Agreement. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 18 

 [SIGNATURE PAGE TO SENIOR UNSECURED CONVERTIBLE NOTE PURCHASE AGREEMENT] 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the Effective Date. 

 

			
	ISSUER:
	
	POSHMARK, INC.
		
	By	 	 /s/ Manish Chandra

	Name: Manish Chandra
	Title: Chief Executive Officer
	
	Address for Notices:
	[____________________]

 [SIGNATURE PAGE TO SENIOR UNSECURED CONVERTIBLE NOTE PURCHASE AGREEMENT] 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the Effective Date. 

 

			
	PURCHASERS:
	
	OR TECH LENDING LLC
		
	By	 	 /s/ Alexis Maged

	Name: Alexis Maged
	Title: Authorized Signatory

 EXHIBIT A 

DEFINED TERMS 
 As used in this
Agreement, the following capitalized terms have the following meanings: 
 “Affiliate” means, with respect to any Person,
each other Person that owns or controls, directly or indirectly the Person, any Person that controls or is controlled by or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners and,
for any Person that is a limited liability company, that Person’s managers and members. 
 “Anti-Terrorism Order”
means Executive Order No. 13,224 as of September 24, 2001, Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit or Support Terrorism, 66 U.S. Fed. Reg. 49,079 (2001), as amended. 

“Applicable Default Rate” means an annual rate of 20.0% 

“Applicable Premium” means the following amount, as applicable: 

(a) In case of a repayment on or prior to the one year anniversary of the Effective Date, $8,823,529.41; 

(b) In case of a repayment after the one year anniversary of the Effective Date but no later than the two year anniversary of the Effective
Date, $12,500,000.00; and 
 (c) In case of a repayment after the two year anniversary of the Effective Date, $16,666,666.67 

“Approved Fund” means, with respect to any Holder or Purchaser, any Person (other than a natural Person) that is engaged in
making, purchasing, holding or otherwise investing in loans and similar extensions of credit in the ordinary course of its activities and is administered, advised or managed (including pursuant to a separately managed account) on an exclusive
discretionary basis by (a) such Holder or Purchaser, (b) any Affiliate of such Holder or Purchaser or (c) any entity or any Affiliate of any entity that administers, advises or manages such Holder or Purchaser. 

“Board” means the Issuer’s board of directors. 

“Business Day” means any day that is not a Saturday, Sunday or a day on which commercial banks in New York City are
authorized or required by law to remain closed. 
 “Cash Equivalents” means (a) marketable direct obligations issued
or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than one (1) year from the date of acquisition; (b) commercial paper maturing no more than one (1) year after its
creation and having the highest rating from either Standard & Poor’s Ratings Group or Moody’s Investors Service, Inc.; (c) certificates of deposit issued maturing no more than one year from the date of investment therein;
(d) (i) demand deposits and certificates of deposit with maturities of one (1) year or less from the date of acquisition, (ii) bankers’ acceptances with maturities not exceeding one (1) year from the date of acquisition, and
(iii) overnight bank deposits, in each case with any bank or trust company organized or licensed under the laws of the United States or any State thereof having capital, surplus and undivided profits in excess of $250,000,000 and (e) money
market funds at least ninety-five percent (95%) of the assets of which constitute Cash Equivalents of the kinds described in clauses (a) through (c) of this definition. 

“Change in Control” means any of the following (or any combination of the following) whether arising from any single
transaction or event or series of related transactions or events that, individually or in the aggregate, resulting in: (a) the holders of Issuer’s Equity Interests representing at least a majority of Issuer’s total outstanding
combined voting power of Issuer’s Equity Interests as of the Effective Date, ceasing to own a majority of the outstanding combined voting power of Issuer’s Equity Interests; or (b) any “Person” or “group” (within
the meaning of Section 13(d) and 14(d)(2) of the Exchange Act) becoming the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of a sufficient number
of Equity Interests of Issuer ordinarily entitled to vote in the election of directors, empowering such “Person” or “group” to elect a majority of the members of the Board, who did not have such power before such transaction,
provided that a formation of a holding company or other corporate restructuring as a result of which the majority of Issuer’s total outstanding combined voting power 

  
 A-1 

 
shall remain owned by the same holders as immediately prior to such restructuring, shall not constitute a “Change in Control” if immediately upon the effectiveness thereof, any new
holding company or parent shall enter into a Guaranty with respect to the Obligations. Notwithstanding the foregoing, a SPAC Transaction shall not be deemed to be a Change in Control. 

“Code” means Internal Revenue Code of 1986, as amended 

“Common Equity” of any Person means, if such Person is a corporation, all common stock of such Person (including voting,
limited voting and non-voting stock) or, if such Person is not a corporation, the equivalent equity interests of such Person. 

“Common Stock” means shares of common stock of Issuer, par value $0.0001 per share. 

“Contingent Obligation” means, for any Person, any direct or indirect liability, contingent or not, of that Person for
(a) any Indebtedness, lease, dividend, letter of credit or other obligation of another such as an obligation directly or indirectly guaranteed, endorsed, co-made, discounted or sold with recourse by that
Person, or for which that Person is directly or indirectly liable; (b) any obligations for undrawn letters of credit for the account of that Person; and (c) all obligations from any interest rate, currency or commodity swap agreement,
interest rate cap or collar agreement, or other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices; provided, however, that the term “Contingent
Obligation” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of a Contingent Obligation is the stated or determined amount of the primary obligation for which the Contingent Obligation is
made or, if not determinable, the maximum reasonably anticipated liability for it determined by the Person in good faith; but the amount may not exceed the maximum of the obligations under any guarantee or other support arrangement. 

“Conversion Shares” means the shares of Common Equity that are listed on a Recognized Trading Market in connection with a
Qualified IPO, Qualified Direct Listing or SPAC Transaction, as applicable, of Issuer, and which are deliverable upon conversion of the Notes in accordance with the terms of this Agreement and the Notes. 

“Copyrights” means any and all copyright rights, copyright applications, copyright registrations and like protections in each
work of authorship and derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret. 

“Default” means any circumstance, event or condition that constitutes an Event of Default or that, with the giving of any
notice, the passage of time, or both, would be an Event of Default. 
 “Dollars,” “dollars” and
“$” each means only lawful money of the United States and not any other currency, regardless of whether that currency uses the “$” sign to denote its currency or may be readily converted into lawful money of the United
States. 
 “Environmental Laws” means any law, regulation, or other applicable requirement relating to (a) releases or
threatened release of Hazardous Substance; (b) pollution or protection of employee health or safety, public health or the environment; or (c) the manufacture, handling, transport, use, treatment, storage, or disposal of Hazardous
Substances. 
 “Equity Interests” means, with respect to any Person, any of the shares of capital stock of (or other
ownership, membership or profit interests in) such Person, any of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership, membership or profit interests in) such
Person, any of the securities convertible into or exchangeable for shares of capital stock of (or other ownership, membership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such
shares (or such other interests), and any of the other ownership, membership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended and the rules and regulations promulgated
thereunder. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

  
 A-2 

 “Excluded Subsidiary” means (i) any Immaterial Subsidiary,
(ii) any Subsidiary to the extent the provision of a Guaranty by such Subsidiary would reasonably be expected to result in material adverse tax consequences, or violation of any applicable Requirement of Law, provided that, notwithstanding the
foregoing, no Subsidiary that (x) owns material Intellectual Property, or (y) is a guarantor or co-borrower with respect Permitted Revolving Indebtedness, shall be deemed an Excluded Subsidiary. 

“Exit Fee” means, with respect to each Note, a fee in an amount equal to 33.3% of the principal amount outstanding under such
Note. 
 “Federal Reserve Board” means the Board of Governors of the Federal Reserve System, or any successor thereto. 

“Foreign Subsidiary” means any Subsidiary other than a Subsidiary organized under the laws of the United States or any state
thereof or the District of Columbia. 
 “GAAP” means generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other Person as may be
approved by a significant segment of the accounting profession, which are applicable to the circumstances as of the date of determination. 

“Governmental Approval” means any consent, authorization, approval, order, license, franchise, permit, certificate,
accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any
self-regulatory organization. 
 “Guarantor” means any Person guaranteeing the Obligations from time to time. 

“Guaranty” means a guaranty with respect to the Obligations, in form and substance satisfactory to Required Holders, as
amended, restated, supplemented or otherwise modified from time to time. 
 “Holder” means any holder of Notes, from time
to time. 
 “Holder Expenses” are all reasonable and documented out-of-pocket costs, and expenses incurred by Purchasers or Holders from time to time (including reasonable and documented
out-of-pocket attorneys’ fees and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Note Documents (or in connection with
appeals or Insolvency Proceedings) or otherwise incurred by Purchaser or Holder with respect to the Note Documents. 
 “Immaterial
Subsidiary” means any Subsidiary designated in writing as such by Issuer, satisfying the following conditions: (i) cash and other assets of all Immaterial Subsidiaries in the aggregate do not exceed 15% of consolidated assets of
Issuer, in each case, determined as of the last day of the most recent fiscal quarter then ended for which financial statements are available; and (ii) revenue for all Immaterial Subsidiaries in the aggregate, does not exceed 15% of
consolidated revenue of Issuer for such period, in each case, determined by reference to the most recent fiscal quarter then ended for which financial statements are available. As of the Effective Date, each of Poshmark India Private LTD and
Poshmark Canada Inc. are designated as Immaterial Subsidiaries. 
 “Indebtedness” means (a) Indebtedness for borrowed
money or the deferred price of property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease
obligations, and (d) Contingent Obligations with respect to Indebtedness described in clauses (a) through (c) of this definition. Notwithstanding anything to the contrary set forth herein, in no event shall the
following constitute Indebtedness: (i) accruals for (A) payroll and (B) other non-interest bearing liabilities accrued in the ordinary course of business, (ii) purchase price holdbacks in
respect of a portion of the purchase price of an asset to satisfy warrants or other unperformed obligations of the 

  
 A-3 

 
seller of such asset, (iii) trade accounts payable, deferred revenues, liabilities associated with customer prepayments and deposits and other accrued obligations (including transfer pricing
and accruals for payroll and other operating expenses), in each case, incurred in the ordinary course of business, (iv) operating leases (including, without limitation, real property leases that, pursuant to GAAP, would not be classified and
accounted for as a balance sheet liability), (v) customary obligations under employment agreements and deferred compensation and (vi) prepaid or deferred revenue and deferred tax liabilities. Notwithstanding the foregoing, for purposes of this
Agreement, all leases of Issuer and its Subsidiaries that are treated as operating leases for purposes of GAAP as of December 31, 2018, shall continue to be accounted for as operating leases and not as capital lease obligations regardless of
any change to GAAP following such date which would require otherwise; provided that nothing in this sentence shall affect Issuer’s financial reporting obligations as set forth in the Note Documents. 

“Insolvency Proceeding” means any proceeding by or against any Person under the United States Bankruptcy Code, or any other
bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief. 

“Intellectual Property” means, with respect to any Person, all of such Person’s right, title, and interest in and to the
following: 
 (a) Copyrights, Trademarks and Patents; 

(b) trade secrets and trade secret rights, including, without limitation, any rights to unpatented inventions,
know-how, and operating manuals; 
 (c) source code; 

(d) design rights; 
 (e) claims
for damages by way of past, present and future infringement of any of the foregoing, with the right, but not the obligation, to sue for and collect such damages for said infringement of the Intellectual Property rights identified above; and 

(f) all amendments, renewals and extensions of any of the Copyrights, Trademarks or Patents. 

“Investment” means any acquisition of a beneficial ownership interest in any Person (including stock, partnership interest or
other securities), and any loan, advance or capital contribution to any Person. 
 “Investor Rights Agreement” means that
certain Amended and Restated Investor Rights Agreement, dated as of October 20, 2017, by and among Issuer and the investors party thereto, as amended, restated, supplemented or otherwise modified from time to time. 

“Lien” means a claim, mortgage, deed of trust, levy, charge, pledge, security interest or other encumbrance of any kind,
whether voluntarily incurred or arising by operation of law or otherwise against any property. 
 “Material Adverse Effect”
means a material adverse effect upon: (i) the business, operations, properties, assets or condition (financial or otherwise) of Issuer; (ii) the prospect of repayment of all or any portion of the Obligations; or (iii) the ability of
Holders to enforce any of its rights or remedies with respect to any Obligations. 
 “Maturity Date” means
September 14, 2023. 
 “Note Documents” means, collectively, this Agreement, the Notes, and any other present or
future agreement to which Issuer is a party in connection with this Agreement, all as amended, restated, supplemented or otherwise modified from time to time. 

“Obligations” means all outstanding principal under the Notes, and any Exit Fee, Applicable Premium, and Other Obligations,
as applicable. 
 “Operating Documents” means, for any Person, such Person’s organizational documents, as certified by
the Secretary of State (or equivalent agency) of such Person’s jurisdiction of formation, organization or incorporation, as applicable, on a date that is no earlier than thirty (30) days prior to the Effective Date, as amended

  
 A-4 

 
or restated from time to time not in contravention of this Agreement and, (a) if such Person is a corporation, its bylaws in current form, (b) if such Person is a limited liability
company, its limited liability company agreement or operating agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with all current amendments,
restatements and modifications thereto. 
 “Other Obligations” means the Holder Expenses, any Default Interest, and
any other fees, expenses or other amounts due and payable pursuant to the Note Documents. 
 “Patents” means all patents,
patent applications and like protections including without limitation improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of
the same and all rights therein provided by international treaties or conventions. 
 “Permitted Distributions” means: 

(a) any conversion or exchange of Equity Interests of Issuer into other Equity Interests of Issuer (including conversion of convertible
securities in accordance with their respective terms) and any conversion of the Notes and payment of Obligations in accordance with the Note Documents; 

(b) the payment of dividends solely in Common Stock by Issuer and the payment of cash in lieu of the issuance of fractional shares and
“net exercise” or “net share settle” warrants or options; 
 (c) the repurchase by Issuer of its stock from former
employees, directors or consultants, provided that such repurchases do not, in the aggregate exceed $5,000,000 per fiscal year; 
 (d) any
dividends, distributions or other payments by a Subsidiary to Issuer;and 
 (e) any other distributions in an amount of $1,000,000 per fiscal
year. 
 “Permitted Indebtedness” means: 

(a) each Issuer’s Indebtedness to a Holder under the Note Documents; 

(b) Indebtedness existing as of the Effective Date and set forth on Schedule 7.4 hereto; 

(c) unsecured Indebtedness to trade creditors incurred in the ordinary course of business; 

(d) Indebtedness in an aggregate amount not to exceed $1,000,000 at any time outstanding in connection with equipment financing secured by a
Lien permitted by clause (c) of the defined term “Permitted Liens”; 
 (e) Indebtedness incurred as a result of
endorsing negotiable instruments received in the ordinary course of business; 
 (f) the Permitted Revolving Indebtedness; 

(g) Indebtedness arising in connection with permitted intercompany Investments; 

(h) Indebtedness in connection with the deemed financing of insurance premiums arising as a result of the payment of such premiums in
installments in the ordinary course of business; 
 (i) Indebtedness owed to any Person (including obligations in respect of letters of
credit, bankers’ acceptances or similar instruments issued for the benefit of such Person) providing workers’ compensation, health, disability or other employee benefits or property, casualty or liability insurance, pursuant to
reimbursement or indemnification obligations to such Person, in each case, incurred in the ordinary course of business in an aggregate amount not to exceed $1,000,000 at any time outstanding; 

(j) Indebtedness in respect of performance bonds, bid bonds, appeal bonds, surety bonds and similar obligations, in each case provided in the
ordinary course of business, in an aggregate amount not to exceed $1,000,000 at any time outstanding; 
 (k) Indebtedness in respect of
netting services, overdraft protection and similar arrangements in connection with deposit accounts in an aggregate amount not to exceed $1,000,000 at any time outstanding; 

(l) reimbursement obligations pursuant to corporate credit cards in an aggregate amount not to exceed $15,000,000 at any time outstanding; 

  
 A-5 

 (m) guarantees by Issuer of Indebtedness of any Subsidiary and by any Subsidiary of
Indebtedness of another Subsidiary; provided that (i) such Indebtedness would constitute Permitted Indebtedness if Issuer were the primary obligor with respect thereto, and (ii) if such Indebtedness is subordinated in right of payment to
the Obligations, such guarantee must be subordinated in right of payment to the Obligations on the same terms; and 
 (n) extensions,
refinancings, modifications, amendments, restatements and renewals of any items of Permitted Indebtedness described in clauses (b) and (n) of Permitted Indebtedness, provided that the terms thereof, excluding the principal amount,
are not modified to impose materially more burdensome terms upon Issuer or its Subsidiary, as the case may be. 
 “Permitted
Investments” means: 
 (a) Investments existing on the Effective Date and set forth on Schedule 7.4 hereto 

(b) Investments consisting of Cash Equivalents and bank deposits; 

(c) Investments consisting of repurchases of Issuer’s Equity Interests from former employees, officers and directors of Issuer to the
extent permitted as a Permitted Distribution; 
 (d) Investments not to exceed $1,000,000 outstanding in the aggregate at any time consisting
of (i) travel advances and employee relocation loans and other employee loans and advances in the ordinary course of business, and (ii) loans not involving the net transfer of cash proceeds to employees, officers or directors relating to
the purchase of Equity Interests of Issuer pursuant to employee stock purchase plans or other similar agreements approved by the Board; 

(e) Investments consisting of accounts receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not
Affiliates, in the ordinary course of business; 
 (f) endorsements for collection or deposit in the ordinary course of business; 

(g) guarantees of Permitted Indebtedness; 

(h) Investments accepted in connection with a Permitted Transfer; 

(i) Investments constituting deposits and other credits to suppliers made in the ordinary course of business and deposits described in the
definition of the term “Permitted Liens”; 
 (j) Investments consisting of notes receivable of, or prepaid royalties and other
credit extensions, to customers and suppliers who are not Affiliates, in the ordinary course of business, provided that this clause (j) shall not apply to Investments of Issuer in any Subsidiary; 

(k) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in
settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business; 
 (l)
Investments by Issuer or any Subsidiary consisting of the creation and ownership in Equity Interests in their respective Subsidiaries; 
 (m)
Investments among Issuer and Subsidiaries, provided that the aggregate amount of Investments and payments pursuant to cost-plus, transfer pricing or similar intercompany arrangements by Issuer or any Subsidiary that is a Guarantor in or to a
Subsidiary that is not a Guarantor shall not exceed (i) $10,000,000 in aggregate during the period from the Effective Date through the one year anniversary of the Effective Date, (ii) $15,000,000 in aggregate during the period from the one year
anniversary of the Effective Date through the two year anniversary of the Effective Date, and (iii) $20,000,000 in aggregate during the period from the two year anniversary of the Effective Date through the date the Obligations are repaid in full;

 (n) Joint ventures or strategic alliances in the ordinary course of business consisting of the
non-exclusive licensing of technology, the development of technology or the providing of technical support, provided that any cash Investments by Issuer do not exceed $100,000 in the aggregate in any fiscal
year; 
 (o) Investments consisting of repurchases of Issuer’s Equity Interests as contemplated by, and in compliance with, clause
(c) of the defined term “Permitted Distributions”; and 
 (p) any other Investment in an aggregate amount not to exceed
$250,000 per fiscal year. 
 “Permitted Liens” means: 

  
 A-6 

 (a) Liens existing on the Effective Date and shown on Schedule 7.5 hereto or arising
under the Note Documents; 
 (b) Liens for taxes, fees, assessments or other government charges or levies, either not delinquent or being
contested in good faith and for which Issuer maintains adequate reserves on its books; 
 (c) Liens securing Indebtedness not to exceed
$1,000,000 in the aggregate outstanding at any time (i) upon or in any Equipment acquired or held by Issuer or any of its Subsidiaries to secure the purchase price of such Equipment or indebtedness incurred solely for the purpose of financing
the acquisition or lease of such Equipment, or (ii) existing on such Equipment at the time of its acquisition, provided that the Lien is confined solely to the property so acquired and improvements thereon, and the proceeds of such Equipment;

 (d) leases or subleases of real property granted in the ordinary course of business of such Person, and leases, subleases, non-exclusive licenses or sublicenses of personal property (other than Intellectual Property) granted in the ordinary course of business of such Person; 

(e) Liens of carriers, warehousemen, suppliers, or other Persons that are possessory in nature arising in the ordinary course of business, and
which are not delinquent or remain payable without penalty or which are being contested in good faith and by appropriate proceedings which proceedings have the effect of preventing the forfeiture or sale of the property subject thereto; 

(f) Liens to secure payment of workers’ compensation, employment insurance, old-age pensions,
social security and other like obligations incurred in the ordinary course of business (other than Liens imposed by ERISA); 
 (g) Liens
arising from attachments or judgments, orders, or decrees in circumstances not constituting an Event of Default; 
 (h) Licenses of
Intellectual Property described in clause (ii) of the defined term “Permitted Transfers”; 
 (i) Liens and customary
rights of set-off arising in the ordinary course of business in favor of banks with respect to deposit accounts and of a collecting bank arising in the ordinary course of business under Section 4-210 of the Uniform Commercial Code or similar statutes or equivalents thereof in effect in the relevant jurisdiction covering only the items being collected upon; 

(j) purported Liens evidenced by the filing of precautionary Uniform Commercial Code financing statements relating solely to operating leases
for personal property entered into in the ordinary course of business; 
 (k) Liens in favor of customs and revenue authorities arising as a
matter of law which secure payment of customs duties in connection with the importation of goods in the ordinary course of business; 
 (l)
security deposits paid to landlords in the ordinary course of business securing leases and subleases permitted hereunder; 
 (m) Liens in
favor of other financial institutions arising in connection with Issuer’s or any Subsidiary’s deposit accounts held at such institutions to secured standard fees for deposit services charged by, but not financing made available by such
institutions; 
 (n) the interest and title of a lessor under any lease, license, sublease or sublicense entered into by Issuer of any
Subsidiary in the ordinary course of business and other statutory and common law landlords’ Liens under leases; 
 (o) Liens in favor of
insurers (or other Persons financing the payment of insurance premiums) for premiums payable in respect of insurance policies in connection Indebtedness described in clause (h) of the defined term “Permitted Indebtedness”; 

(p) with respect to any Foreign Subsidiary, restrictions arising mandatorily by any applicable Requirement of Law; 

(q) Liens attaching solely to cash or Cash Equivalents earnest money deposits in connection with an acquisition of property not otherwise
prohibited hereunder; 
 (r) Liens consisting of restrictions arising in connection with repurchase agreements constituting Permitted
Investments; 
 (s) Liens created in the ordinary course of business arising in connection with conditional sale, title retention,
consignment or similar arrangements for the sale of goods and, in connection with any Permitted Transfer, customary rights and restrictions contained in agreements relating to the sale or transfer pending completion thereof; 

  
 A-7 

 (t) an escrow agent’s Lien granted in connection with any Permitted Investment; 

(u) Liens in the nature of the right of setoff in favor of counterparties to contractual arrangements not otherwise prohibited hereunder with
Issuer of any Subsidiary in the ordinary course of business; 
 (v) (i) pledges and deposits to secure the performance of bids, trade
contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business (including such deposits to secure letters of credit for such purpose) and
(ii) pledges and deposits in the ordinary course of business securing liability for reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers
providing property, casualty or liability insurance to Issuer or any Subsidiary; 
 (w) easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by the Requirements of Law or arising in the ordinary course of business that do not secure any monetary
obligation and do not materially detract from the value of the affected property or materially interfere with the ordinary course of business of Issuer and its Subsidiaries; 

(x) Liens on property of Issuer or any Guarantor securing the Permitted Revolving Indebtedness; and 

(y) Liens incurred in connection with the extension, renewal or refinancing of Liens described in clause (a) of Permitted
Liens, provided that any extension, renewal or replacement Lien shall be limited to the property encumbered by the existing Lien and the principal amount of the Indebtedness being extended, renewed or refinanced does not increase (other than
accreted interest). 
 “Permitted Revolving Indebtedness” means Indebtedness of Issuer and any Guarantor pursuant to a
revolving loan facility, provided that the aggregate principal amount outstanding shall at no time exceed $45,000,000. 
 “Permitted
Transfers” means any transfer made by Issuer or any Subsidiary, as applicable consisting of: 
 (a) sales of inventory or immaterial
assets in the ordinary course of business; 
 (b) non-exclusive licenses and similar arrangements for
the use of Intellectual Property in the ordinary course of business and licenses that would not result in a legal transfer of title of the licensed property but that may be exclusive in respects other than territory and that may be exclusive as to
territory only as to discrete geographical areas outside of the United States in the ordinary course of business; 
 (c) dispositions of worn-out, obsolete or surplus equipment in the ordinary course of business; 
 (d) Transfers consisting of
the granting of Permitted Liens and the making of Permitted Investments and other Transfers that are explicitly permitted by Section 7; 

(e) the use or transfer of money or Cash Equivalents in the ordinary course of business for the payment of ordinary course business expenses in
a manner that is not prohibited by the terms of this Agreement or the other Note Documents; 
 (f) (i) Transfers to Issuer or any
Guarantor and (ii) Transfers by any Subsidiary which is not a Loan Party to another Subsidiary which is not a Loan Party; 
 (g)
Transfers that constitute Permitted Distributions; 
 (h) Transfers of accounts (as defined in the Uniform Commercial Code) in connection
with the compromise, settlement or collection thereof; 
 (i) to the extent constituting a Transfer, transactions permitted by
Section 7.3; 
 (j) Transfers resulting from any casualty or other insured damage to, or any taking under power of
eminent domain or by condemnation or similar proceeding of, any property or asset of Issuer or any Subsidiary; 
 (k) the lapse or
abandonment of any registrations or applications for registration of Intellectual Property no longer used or useful in the conduct of business of Issuer and its Subsidiaries or to the extent no longer economically desirable in the conduct of their
business; 
 (l) the surrender or waiver of contractual rights and settlement or waiver of contractual or litigation claims in the ordinary
course of business; and 

  
 A-8 

 (m) other Transfers of assets (other than Intellectual Property or other proprietary
information) having a fair market value of not more than $100,000 per fiscal year. 
 For the avoidance of doubt, the sale of Equity Interests of Issuer by
Issuer shall not be deemed to constitute a “Transfer” by Issuer of its property restricted by Section 7.1. 

“Person” means any individual, sole proprietorship, partnership, limited liability company, joint venture, company, trust,
unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency. 

“Preferred Stock” means preferred stock of Issuer, par value $0.0001 per share. 

“Qualified Direct Listing” means the registration of any of shares of Common Equity of Issuer by means of an effective
registration statement under the Securities Act that registers shares of Common Equity for resale, and following which the shares of Common Equity of Issuer are listed for trading on a Recognized Trading Market, the reference price per share of
which, as set by the Recognized Trading Market on the Business Day immediately prior to the first Trading Day in connection with such listing, shall be at least equal to a price per share equal to the quotient of (x) $1,100,000,000, divided by
(y) the total number of shares of Common Equity outstanding or issuable upon the exercise or conversion of all then-outstanding exercisable or convertible securities or reserved for future issuance pursuant to any equity incentive plan as of
such date. 
 “Qualified IPO” means a firmly underwritten public offering pursuant to an effective registration statement
under the Securities Act covering the offer and sale of Common Equity for the account of the Issuer in which (A) the per share price to the public of such offering is equal to at least the quotient of (x) $1,100,000,000, divided by (y) the
total number of shares of Common Equity outstanding or issuable upon the exercise or conversion of all then-outstanding exercisable or convertible securities or reserved for future issuance pursuant to any equity incentive plan, and (B) the
gross cash proceeds to Issuer (before underwriting discounts, commissions and fees) are at least $120,000,000, provided that for the avoidance of doubt, the foregoing amount shall not include the proceeds from the issuance of the Notes, and
(C) Issuer’s shares have been listed for trading on a Recognized Trading Market. 
 “Recognized Trading Market”
means the New York Stock Exchange, NASDAQ Global Select Market or NASDAQ Global Market. 
 “Required Holders” means, as of
any date of determination, the Holders representing at least a majority in principal amount of Notes outstanding. 
 “Requirement of
Law” means as to any Person, the organizational or governing documents of such Person, and any law (statutory or common), treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case
applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Responsible Officer” means with respect to any Person, any of Chief Executive Officer, Chief Financial Officer, Secretary,
Treasurer and Controller of such Person. Unless the context otherwise requires, each reference to a Responsible Officer herein shall be a reference to a Responsible Officer of Issuer. 

“Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target of any
Sanctions (at the time of this Agreement, Crimea, Cuba, Iran, North Korea and Syria). 
 “Sanctioned Person” means a Person
whose property or interest in property is blocked or subject to blocking pursuant to Section 1 of the Anti-Terrorism Order or other Sanctions. 

“Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time
by OFAC or other relevant U.S. sanctions authority. 
 “Sanctions and Anti-Corruptions Laws” means applicable Sanctions,
the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other applicable anti-corruption legislation in other jurisdictions, in each case, as in effect from time to time. 

“Securities Act” means the Securities Act of 1933, as amended. 

  
 A-9 

 “Separately Managed Account” means Separately Managed Account” means,
with respect to any Purchaser or Holder, any managed account that is administered, advised or managed on an exclusive discretionary basis by such Purchaser or Holder or any Affiliate of such Purchaser or Holder. 

“SPAC Transaction” means an acquisition, merger or other business combination between Issuer and a special purpose
acquisition company, provided that (i) the surviving entity shall be Issuer and (ii) the transaction shall result in shares of Common Equity of Issuer being listed on a Recognized Trading Market. 

“Subsidiary” means, with respect to any Person, a corporation, partnership, limited liability company or other entity of
which shares of stock or other Equity Interests having ordinary voting power (other than Equity Interests having such power only by reason of the happening of a contingency) over the selection of the Board or other managers of such corporation,
partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless the context otherwise requires, each reference to a
Subsidiary herein shall be a reference to a Subsidiary of Issuer. 
 “Taxes” means all present or future taxes, levies,
imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Trademarks” means any trademark and servicemark rights, whether registered or not, applications to register and
registrations of the same and like protections, and the entire goodwill of the business of Issuer connected with and symbolized by such trademarks. 

“Voting Agreement” means that certain Amended and Restated Voting Agreement, dated as of October 20, 2017, by and among
Issuer and certain stockholders party thereto, as amended, restated, supplemented or otherwise modified from time to time. 
 Additionally, the following
defined terms have the meaning ascribed thereto in the referenced Section of this Agreement: 
  

			
	 Defined Term
	  	 Section

	409A Plan	  	4.3(f)
	Agreement	  	Preamble
	Claims	  	12.3
	Company Covered Person	  	4.16(g)
	Compliance Certificate	  	6.2(a)(v)
	Confidential Information	  	9.12
	Default Interest	  	2.4(c)
	Disqualification Event	  	4.16(g)
	Effective Date	  	Preamble
	Event of Default	  	8
	Financial Statements	  	4.5
	Foreign Holder	  	2.5(e)(ii)
	Hazardous Substances	  	4.16(h)
	Indemnified Person	  	12.3
	Issuer	  	Preamble
	Margin Stock	  	4.16(c)
	Material Agreements	  	4.6
	Note	  	2.1
	OFAC	  	4.16(d)
	PCB	  	4.16(h)
	Permitted Disclosee	  	9.12

  
 A-10 

			
	Personal Information	  	4.16(i)
	Plan	  	4.3(a)
	Purchaser	  	Preamble
	Statement Date	  	4.5
	Transfer	  	7.1
	U.S. Tax Compliance Certificate	  	2.5(e)(ii)(3)

  
 A-11 

 EXHIBIT B 

FORM OF NOTE 

 EXHIBIT C 

FORM OF COMPLIANCE CERTIFICATE 

Date: 
 Reference is made to
that certain Senior Unsecured Convertible Note Purchase Agreement, dated September 15, 2020 (as amended, restated, supplemented or otherwise modified, from time to time, the “Purchase Agreement”), by and among POSHMARK,
INC., a Delaware corporation (“Issuer”), and the purchasers set forth on Schedule 1 thereto (in each case, together with their respective successors and permitted assigns, a “Purchaser”, and collectively,
“Purchasers”). All capitalized terms used herein shall have the meaning set forth in the Purchase Agreement. As a Responsible Officer, the undersigned hereby certifies that (i) the financial statements delivered herewith are
prepared in accordance with GAAP, consistently applied, except for the absence of footnotes, and subject to normal year-end adjustments. except for qualified or modified by materiality in the text thereof; and
(ii) and no Event of Default exists as of the date hereof. 
 Please indicate compliance status by circling Yes/No under “Complies”
column. 
  

							
	 Reporting Covenant
	  	 Required
	  	 Complies

			
	Monthly financial statements	  	Monthly, within 30 days	  	Yes    No
			
	Quarterly financial statements	  	Quarterly, within 45 days	  	Yes    No
			
	Annual audited financial statement	  	Annually, within 120 days of fiscal year end	  	Yes     No    N/A
			
	Annual budget and financial projections	  	Annually, within 60 days after the end of each fiscal year, and promptly upon Board approval of any update thereto	  	Yes     No    N/A
			
	409A valuations	  	With Compliance Certificate, if applicable	  	Yes     No    N/A
			
	Legal Action Notice	  	Promptly	  	Yes     No    N/A
			
	Updated Capitalization Table	  	Upon material change to fully diluted capitalization (>2.5% change of FDSO)	  	Yes     No    N/A
			
	Changes to Operating Documents; Financing Documents	  	Within 5 Business Days	  	Yes     No    N/A
			
	Revolving Debt Reporting, Notices and Documents	  	Within 3 Business Days	  	Yes     No    N/A
				
	 Other Covenant
	  	 Required
	  	 Actual
	  	 Complies

				
	Stock Repurchases	  	Not to exceed $5,000,000 / year	  	$	  	Yes    No
				
	Other Distributions	  	Not to exceed $1,000,000 / year	  	$	  	Yes    No
				
	Employee Advances	  	Not to exceed $1,000,000 outstanding at any time	  	$	  	Yes    No
				
	Equipment Financing	  	Not to exceed $1,000,000 at any time	  	$	  	Yes    No
				
	Investments in non-Guarantor Subsidiaries	  	 Not to exceed
 (i) $10,000,000 in months 1-12
 (ii) $15,000,000 in months 13-24

(iii) $20,000,000 in months 25-36
	  	$	  	Yes    No
				
	 Maximum Revolving Indebtedness
	  	Not to exceed $45,000,000 outstanding at any time	  	$	  	Yes    No    N/A

 [SIGNATURE PAGE TO COMPLIANCE CERTIFICATE] 

 

			
	ISSUER:
	
	POSHMARK, INC.
		
	By	 	                                      
                                  
	Name:	 	                                      
                                  
	Title:	 	                                      
                                  

 EXHIBIT D 

FORM OF OFFICERS’ CERTIFICATE 

[Agreed form to be attached] 

 SCHEDULE 1 

SCHEDULE OF PURCHASERS 
  

					
	 PURCHASER
	  	COMMITMENT	  	 ADDRESS

	 OR TECH LENDING LLC
	  	$50,000,000	  	 Owl Rock Capital Corporation
 c/o OR TECH
LENDING LLC
 399 Park Avenue, 38th Floor
 New York, NY
10022
 Attn: Bryan Cole

        Email: bryan@owlrock.com

	 TOTAL
	  	$50,000,000	  	

 THIS SENIOR UNSECURED CONVERTIBLE PROMISSORY NOTE (THIS “NOTE”) AND THE SECURITIES ISSUABLE
UPON EXCHANGE OR CONVERSION OF THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAW, AND MAY NOT BE OFFERED FOR SALE OR SOLD UNLESS A REGISTRATION
STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS SHALL BE EFFECTIVE WITH RESPECT THERETO, OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS IS AVAILABLE IN CONNECTION WITH SUCH OFFER OR
SALE. 
 THIS NOTE MAY NOT BE TRANSFERRED BY HOLDER, EXCEPT IN ACCORDANCE WITH SECTION 12.2 OF THE PURCHASE AGREEMENT REFERRED TO BELOW. 

 

			
	Principal Amount: $50,000,000	  	Issue Date: September 15, 2020

 SENIOR UNSECURED CONVERTIBLE PROMISSORY NOTE 

FOR VALUE RECEIVED, POSHMARK, INC., a Delaware corporation (“Issuer”), hereby promises to pay to OR TECH LENDING LLC
(together with its successors and registered assigns, “Holder”), all principal amount, together with Exit Fee or Applicable Premium (each, if applicable) and any other amounts due in accordance with the Purchase Agreement (as
defined below) on the Maturity Date or such earlier date that the Obligations are accelerated in accordance with the Purchase Agreement, unless converted in accordance with the terms hereof. 

1. Purchase Agreement. This Senior Unsecured Convertible Promissory Note (as amended, restated, supplemented or otherwise
modified from time to time, this “Note”) is issued pursuant to that certain Senior Unsecured Convertible Note Purchase Agreement, dated as of September 15, 2020 (as amended, restated, supplemented, or otherwise modified, the
“Purchase Agreement”), by and among Issuer and each of the Purchasers (as defined therein), and is subject to the terms thereof. Unless otherwise defined in this Note, capitalized terms used herein shall have the meanings ascribed
to such terms in the Purchase Agreement. 
 2. Payment. Unless converted in accordance with Section 3,
Issuer shall pay all principal, any Exit Fee, Applicable Premium or Other Obligations, each, as applicable, when due in accordance with Section 2.2 of the Purchase Agreement. Principal amount converted in accordance with
this Note and the Purchase Agreement shall be deemed satisfied in full. Amounts not paid in cash (or converted) when due in accordance with the Purchase Agreement or this Note, shall be subject to Default Interest, as set forth in
Section 2.4 of the Purchase Agreement. Except for Default Interest, this Note and the Obligations with respect to this Note shall not accrue interest. This Note is subject to restrictions on prepayment as set forth in the
Purchase Agreement. 
 3. Automatic Conversion upon Qualified IPO or Qualified Direct Listing; Conversion at Holder’s Election
upon Certain Other Events. 
 3.1 In case of a Qualified IPO or Qualified Direct Listing, this Note shall be
automatically, and with no further action on the part of Issuer or Holder, converted into fully paid and non-assessable Conversion Shares, as set forth in this Section 3. 

3.2 In connection with a SPAC Transaction, at the election of the Required Holders pursuant to a Notice of Conversion in
the form attached hereto as Exhibit A, on or prior to the effective date of the SPAC Transaction, this Note shall be converted into fully-paid and non-assessable Conversion Shares, as set forth in this
Section 3. 
 3.3 In connection with any conversion of this Note pursuant to
Section 3.1 or 3.2, (i) Issuer’s obligations under this Note and the Purchase Agreement shall be terminated in full, other than Issuer’s obligation to deliver the Conversion Shares, as set forth in this
Section 3, and this Note shall cease to be outstanding, (ii) Holder shall promptly deliver written instructions to Issuer for delivery of the Conversion Shares and cash in lieu of fractional shares; provided, that
failure to promptly deliver instructions for delivery of the Conversion Shares or cash in lieu of fractional shares shall not release Issuer of its obligations in connection with any conversion of the Note hereunder; (iii) Issuer shall pay any
transfer, stamp or similar Tax due on the issuance or delivery of the Conversion 

 
Shares upon conversion, except any such transfer, stamp or similar tax that is due because Holder requests those shares to be registered in a name other than Holder’s name, in which case
Issuer shall not be required to make any such issuance or delivery of the Conversion Shares, upon conversion unless and until the Person otherwise entitled to such issuance or delivery has paid to Issuer the amount of any such transfer, stamp or
similar tax or has established, to the satisfaction of Issuer, that such transfer, stamp or similar tax has been paid or is not payable. and (iv) Holder shall surrender this Note as promptly as is reasonably practicable after the Conversion
Date, provided that Issuer’s obligation to deliver the Conversion Shares shall not be conditioned upon surrender of the original Note by Holder. Delivery of Conversion Shares shall, unless otherwise requested in writing by Holder, be by means
of delivery of book entry shares to the account of Holder or to the account of the securities intermediary of Holder for the benefit of Holder, in each case, pursuant to the instructions provided pursuant to clause (ii) of the immediately
preceding sentence. 
 3.4 On each Trading Day during the Settlement Period, Issuer shall deliver a number of
Conversion Shares equal to the quotient of one-tenth (1/10) of the outstanding principal amount of this Note divided by the applicable Conversion Price; provided that delivery of such Conversion Shares may be
delayed until the Trading Day after Issuer receives written delivery instructions as described in Section 3.3(ii). 

3.5 No fractional shares or scrip representing fractional shares shall be issued upon the conversion of this Note. As to
any fraction of a share which Holder would otherwise be entitled to receive such conversion, Issuer shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the
Conversion Price or round up to the next whole share. The Conversion Shares delivered in accordance with the foregoing shall be free of restrictive legends and trading restrictions. 

3.6 If after the date the Reference Price is determined, Issuer makes any dividend or distribution in respect of the
Common Equity that is listed on a Recognized Trading Market in connection with a Qualified IPO, Qualified Direct Listing or SPAC Transaction, as applicable, of Issuer, or combines or subdivides such Common Equity, in each case, prior to the
completion of the Settlement Period, the Conversion Price shall be ratably adjusted in accordance with the increase or decrease to the number of shares of such Common Equity outstanding on a fully diluted basis in connection with such transaction.
In case of any change to the Conversion Price in accordance with the foregoing, Issuer shall promptly deliver Holder a notice setting forth a detailed calculation with respect to the resulting change. 

3.7 For purposes of this Section 3 and the Note Documents, the following capitalized terms
shall have the meanings set forth below: 
 “Applicable Discount Rate” means: 

(a) If the Conversion Effective Date occurs prior to the one year anniversary of the Issue Date, eighty-five percent (85%); 

(b) If the Conversion Effective Date occurs on or after the one year anniversary of the Issue Date but prior to the two year anniversary of the
Issue Date, eighty percent (80%); and 
 (c) If the Conversion Effective Date occurs on or after the two year anniversary of the Issue Date,
seventy-five percent (75%). 
 “Conversion Effective Date” means, (i) in case of a Qualified IPO, the date of the
closing of the initial sale of shares of Common Equity pursuant to such Qualified IPO, (ii) in case of a Qualified Direct Listing, the fifth Trading Day immediately following the date of settlement of the initial trade of shares of Common
Equity following such Qualified Direct Listing, and (iii) in case of a SPAC Transaction, subject to Required Holders’ election to convert, the Trading Day immediately following the effective date of a merger consummated in connection
therewith. 
 “Conversion Price” shall mean, the applicable Reference Price, multiplied by the Applicable Discount Rate.

  
 2 

 “Daily VWAP” shall mean the per share volume-weighted average price as
reported by Bloomberg, LP in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such Trading Day (or if such volume-weighted average price is unavailable, the market value
of one share of the Common Equity that is listed on a Recognized Trading Market in connection with a Qualified IPO, Qualified Direct Listing or SPAC Transaction, as applicable, on such Trading Day determined, using a volume-weighted average method,
by a nationally recognized independent investment banking firm retained for this purpose by Issuer). The “Daily VWAP” shall be determined without regard to after-hours trading or any other trading outside of the regular trading session
trading hours. 
 “Reference Price” shall mean (i) in case of a Qualified IPO, the per share price for which shares of
Common Equity are initially offered in the Qualified IPO as reflected in the final prospectus in such Qualified IPO, (b) in case of a Qualified Direct Listing, the simple arithmetic average Daily VWAP for each of the five consecutive Trading
Days commencing on the date of settlement of the initial trade of shares of Common Equity, the date of settlement of the initial shares of Common Equity that are listed on a Recognized Trading Market in connection a Qualified Direct Listing
following the Direct Listing, and (c) in case of a SPAC Transaction, the price per share of the successor entity that is established in connection with such SPAC Transaction. 

“Settlement Period” shall mean ten (10) consecutive Trading Days beginning on, and including, the Conversion Effective
Date. 
 “Trading Day” shall be each Monday through Friday, other than any day on which securities are not traded in the
system or on the exchange that is the principal market for the Common Equity that are listed on a Recognized Trading Market in connection with a Qualified IPO, Qualified Direct Listing or SPAC Transaction, as applicable, of Issuer. 

4. Transfer. This Note may not be transferred or assigned, in whole or in part, by Holder, except as expressly permitted by
Section 12.2 of the Purchase Agreement. 
 4.1 If this Note is to be transferred as
permitted under this Note and Section 12.2 of the Purchase Agreement, in whole or in part, Holder shall surrender this Note to Issuer, whereupon Issuer will issue and deliver a new Note to the transferee (in accordance with
Section 4.4), representing the principal amount of this Note being transferred by Holder and, if less than the entire principal amount of this Note held by Holder is being transferred, a new Note (in accordance with
Section 4.4) to Holder, representing the portion of the principal amount not being transferred (each, a “Replacement Note” and collectively, the “Replacement Notes”). 

4.2 This Note is exchangeable, upon the surrender hereof by Holder at the principal office of Issuer, for one or more
Replacement Notes representing in the aggregate the principal amount of this Note in accordance with Section 4.4. Each such Replacement Note will represent such portion of such principal amount as is designated by Holder at
the time of such surrender. 
 4.3 Upon receipt by Issuer of evidence reasonably satisfactory to Issuer of the loss,
theft, destruction or mutilation of this Note and, in the case of loss, theft or destruction, of any indemnification undertaking by Holder to Issuer in customary form and, in the case of mutilation, upon surrender and cancellation of this Note,
Issuer shall execute and deliver to Holder a Replacement Note (in accordance with Section 4.3). 

4.4 Whenever Issuer is required to issue a Replacement Note pursuant to the terms of this Note, such Replacement Note
(i) shall be of like tenor with this Note, (ii) shall represent, as indicated on the face of such Replacement Note, the principal amount of such Note (or, in the case of a Replacement Note being issued pursuant to
Section 4.1 or Section 4.2), the principal amount designated by Holder which, when added to the aggregate principal amount represented by the other Replacement Notes issued in connection with such
issuance, does not exceed the principal amount under this Note immediately prior to such issuance of Replacement Notes), (iii) shall have an issuance date, as indicated on the face of such Replacement Note, which is the same as the Issuance Date of
this Note, (iv) shall have the same rights and conditions as this Note and (v) shall be timely prepared and issued by Issuer, but in no event shall Issuer issue such Replacement Note more than ten (10) Business Days after surrender of
this Note or the receipt of the evidence reasonably satisfactory to Issuer pursuant to Section 4.2, as the case may be. 

  
 3 

 5. Rule 144. With a view to making available to Holder the benefits of Rule 144 (or its
successor rule) promulgated under the 1933 Act (“Rule 144”) to sell Conversion Shares delivered to Holder upon conversion of this Note, Issuer agrees, at Issuer’s sole expense, to: 

(a) after the consummation of the Qualified IPO, Qualified Direct Listing or SPAC Transaction, use its commercially reasonable efforts to file
with the SEC in a timely manner (or obtain extensions in respect thereof and file within the applicable grace period) all reports and other documents (other than Current Reports on Form 8-K) required of
Issuer under Section 13 or 15(d) of the 1934 Act so long as (1) Issuer remains subject to such requirements under Section 13 or 15(d) of the 1934 Act, (2) the filing of such reports and other documents is required to satisfy the
current public information requirements of Rule 144(c)(1), and (3) it is necessary for the Issuer to satisfy the current public information requirements of Rule 144(c)(1) for the Holder to offer, sell or otherwise transfer such Conversion
Shares pursuant to Rule 144 (assuming the Holder is not an “affiliate” (as defined in Rule 144) of the Issuer’s, and that has not been an “affiliate” (as defined in Rule 144) of the Issuer’s during the immediately
preceding three months); 
 (b) furnish to Holder as promptly as practicable at Buyer’s request, (i) a written statement by Issuer
that it has complied in all material respects with the requirements of Rule 144(c)(1)(i) and (ii), and (ii) such other information, if any, as may be reasonably requested to permit Holder to sell such securities pursuant to Rule 144 without
registration, in each case, so long as (1) Holder owns such Conversion Shares, (2) Issuer is required to file with the SEC reports and other documents under Section 13 or 15(d) of the 1934 Act, (3) the filing of such reports and
other documents is required to satisfy the current public information requirements of Rule 144(c)(1), and (4) it is necessary for the Issuer to satisfy the current public information requirements of Rule 144(c)(1) for the Holder to offer, sell
or otherwise transfer such Conversion Shares pursuant to Rule 144 (assuming the Holder is not an “affiliate” (as defined in Rule 144) of the Issuer’s, and that has not been an “affiliate” (as defined in Rule 144) of the
Issuer’s during the immediately preceding three months); and 
 (c) take such additional action as is reasonably requested by Holder to
enable Holder to sell the Conversion Shares pursuant to Rule 144, including, without limitation, delivering all such legal opinions consents, certificates, resolutions and instructions to Issuer’s transfer agent as may be reasonably requested
from time to time by Holder and otherwise provide reasonable cooperation to Holder and Holder’s broker to effect such sale of securities pursuant to Rule 144. 

6. Antitrust Approvals. If any notifications, filings or approvals are required to be obtained under any law that is designed or
intended to prohibit, restrict or regulate actions or transactions having the purpose or effect of monopolization, restraint of trade, harm to competition or effectuating foreign investment (an “Antitrust Law”) that are applicable
to the conversion of the Notes pursuant to and in accordance with Section 3, then, prior to the consummation of any Qualified IPO, Qualified Direct Listing or SPAC Transaction, each of the Issuer and the Holder shall use
commercially reasonable efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary or desirable under any applicable laws to make such notifications or filings and to obtain such approvals as promptly as
reasonably practicable. In such event, each of the Issuer and the Holder shall cooperate with the other party’s legal advisors in the preparation and filing of any documentation, notifications, filings, registrations, submissions and other
materials required or necessary under any applicable Antitrust Law and providing, within a reasonable time, all documents and information necessary to prepare and make any such filing prior to the consummation of any Qualified IPO, Qualified Direct
Listing or SPAC Transaction. Issuer and Holder shall timely provide all information, documents and statements required by the applicable governmental authorities for the analysis of any such filing. All filings made pursuant to any applicable
Antitrust Laws shall be made in substantial compliance with the requirements of such Antitrust Laws and any other applicable Laws. Each of the Issuer and the Holder shall use its reasonable best efforts to cause any required filings under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder, and any other applicable Antitrust Laws to be considered for grant of “early termination” or the equivalent thereof.
Issuer and Holder shall cooperate with each other in connection with the foregoing and in connection with resolving any investigation or other inquiry of any governmental authority under any applicable Antitrust Law. 

7. Waivers. Issuer hereby waives presentment, demand, notice, protest and all other demands and notices in connection with the
delivery, acceptance, performance or enforcement of this Note. 

  
 4 

 8. Headings. The headings in this Note are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof. 
 9. Choice of Law; Venue; Jury Trial Waiver. Sections 9, 10
and 11 of the Purchase Agreement are hereby incorporated by reference mutatis mutandis. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK] 

  
 5 

 [SIGNATURE PAGE TO SENIOR UNSECURED CONVERTIBLE PROMISSORY NOTE] 

IN WITNESS WHEREOF, the undersigned have duly executed this Note as of the date first above written. 

 

			
	ISSUER:
	
	POSHMARK, INC.
		
	By:	 	 /s/ Manish Chandra

	Name:	 	Manish Chandra
	Title:	 	Chief Executive Officer
	
	Agreed and Acknowledged:
	
	HOLDER:
	
	OR TECH LENDING LLC
		
	By:	 	 /s/ Alexis Maged

	Name:	 	Alexis Maged
	Title:	 	Authorized Signatory

 EXHIBIT A 

NOTICE OF CONVERSION 
 The
undersigned, representing the Required Holders, on behalf of all Holders hereby elects to convert all principal under the Senior Unsecured Convertible Promissory Notes of POSHMARK, INC., a Delaware corporation (“Issuer”), into the
Conversion Shares, of Issuer, as of the date written below. 
 Conversion Effective Date: [___________] 

Number of Conversion Shares to be issued: 
 Signature:
                                        
                                 

Name:
                                        
                                       

Address for Delivery of Common Stock Certificates: 
 Or 

DWAC Instructions: 
 Broker No:
                                 

Account No:

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