Document:

EX-10.23

 Exhibit 10.23 

AMENDED AND RESTATED OFFICE/LABORATORY LEASE 

BETWEEN 
 2929 SEVENTH
ST., LLC (LANDLORD) AND 
 CARIBOU BIOSCIENCES, INC. (TENANT) 

2929 Seventh Street Berkeley, California 

 TABLE OF CONTENTS 
  

							
	 	  	 	  	Page	 
	 ARTICLE 1 BASIC LEASE PROVISIONS
	  	 	5	 
			
	 1.1
	  	BASIC LEASE PROVISIONS	  	 	5	 
	 1.2
	  	ENUMERATION OF EXHIBITS AND RIDER(S)	  	 	8	 
	 1.3
	  	DEFINITIONS	  	 	8	 
		
	 ARTICLE 2 PREMISES, TERM, FAILURE TO GIVE POSSESSION, AND PARKING
	  	 	13	 
			
	 2.1
	  	LEASE OF PREMISES; EXISTING LEASE; RIGHT OF FIRST OFFER	  	 	13	 
	 2.2
	  	TERM	  	 	15	 
	 2.3
	  	FAILURE TO DELIVER POSSESSION	  	 	16	 
	 2.4
	  	CONDITION OF PREMISES	  	 	17	 
	 2.5
	  	PARKING	  	 	17	 
		
	 ARTICLE 3 RENT
	  	 	18	 
		
	 ARTICLE 4 RENT ADJUSTMENTS AND PAYMENTS
	  	 	18	 
			
	 4.1
	  	RENT ADJUSTMENTS	  	 	18	 
	 4.2
	  	STATEMENT OF LANDLORD	  	 	19	 
	 4.3
	  	BOOKS AND RECORDS	  	 	19	 
	 4.4
	  	TENANT OR LEASE SPECIFIC TAXES	  	 	20	 
		
	 ARTICLE 5 SECURITY
	  	 	20	 
		
	 ARTICLE 6 SERVICES
	  	 	21	 
			
	 6.1
	  	LANDLORD’S GENERAL SERVICES	  	 	21	 
	 6.2
	  	UTILITIES AND JANITORIAL SERVICES	  	 	22	 
	 6.3
	  	ADDITIONAL AND AFTER HOUR SERVICES	  	 	23	 
	 6.4
	  	TELEPHONE SERVICES	  	 	23	 
	 6.5
	  	DELAYS IN FURNISHING SERVICES	  	 	23	 
	 6.6
	  	CHOICE OF SERVICE PROVIDER	  	 	24	 
	 6.7
	  	SIGNAGE	  	 	24	 
		
	 ARTICLE 7 USE OF PREMISES; LANDLORD’S ACCESS RIGHTS
	  	 	25	 
			
	 7.1
	  	USE OF PREMISES	  	 	25	 
	 7.2
	  	LANDLORD ACCESS TO PREMISES; APPROVALS	  	 	32	 
	 7.3
	  	QUIET ENJOYMENT	  	 	33	 
	 7.4
	  	TRANSPORTATION DEMAND MANAGEMENT PROGRAM	  	 	33	 
		
	 ARTICLE 8 MAINTENANCE
	  	 	33	 
			
	 8.1
	  	LANDLORD’S MAINTENANCE	  	 	33	 
	 8.2
	  	TENANT’S MAINTENANCE	  	 	34	 
		
	 ARTICLE 9 ALTERATIONS AND IMPROVEMENTS
	  	 	34	 
			
	 9.1
	  	TENANT ALTERATIONS	  	 	34	 
	 9.2
	  	LIENS	  	 	35	 

							
	 ARTICLE 10 ASSIGNMENT AND SUBLETTING
	  	 	36	 
			
	 10.1
	  	ASSIGNMENT AND SUBLETTING	  	 	36	 
	 10.2
	  	RECAPTURE	  	 	37	 
	 10.3
	  	EXCESS RENT	  	 	38	 
	 10.4
	  	TENANT LIABILITY	  	 	38	 
	 10.5
	  	ASSUMPTION AND ATTORNMENT	  	 	38	 
	 10.6
	  	PROCESSING EXPENSES	  	 	38	 
		
	 ARTICLE 11 DEFAULT AND REMEDIES
	  	 	39	 
			
	 11.1
	  	DEFAULT	  	 	39	 
	 11.2
	  	LANDLORD’S REMEDIES	  	 	40	 
	 11.3
	  	ATTORNEY’S FEES	  	 	41	 
	 11.4
	  	BANKRUPTCY	  	 	42	 
	 11.5
	  	LANDLORD’S DEFAULT	  	 	42	 
		
	 ARTICLE 12 SURRENDER OF PREMISES
	  	 	43	 
			
	 12.1
	  	IN GENERAL	  	 	43	 
	 12.2
	  	LANDLORD’S RIGHTS	  	 	43	 
		
	 ARTICLE 13 HOLDING OVER
	  	 	43	 
		
	 ARTICLE 14 DAMAGE BY FIRE OR OTHER CASUALTY
	  	 	44	 
			
	 14.1
	  	SUBSTANTIAL UNTENANTABILITY	  	 	44	 
	 14.2
	  	INSUBSTANTIAL UNTENANTABILITY	  	 	44	 
	 14.3
	  	RENT ABATEMENT	  	 	45	 
	 14.4
	  	WAIVER OF STATUTORY REMEDIES	  	 	45	 
		
	 ARTICLE 15 EMINENT DOMAIN
	  	 	45	 
			
	 15.1
	  	TAKING OF WHOLE OR SUBSTANTIAL PART	  	 	45	 
	 15.2
	  	TAKING OF PART	  	 	45	 
	 15.3
	  	COMPENSATION	  	 	45	 
		
	 ARTICLE 16 INSURANCE
	  	 	46	 
			
	 16.1
	  	TENANT’S INSURANCE	  	 	46	 
	 16.2
	  	FORM OF POLICIES	  	 	46	 
	 16.3
	  	LANDLORD’S INSURANCE	  	 	46	 
	 16.4
	  	WAIVER OF SUBROGATION AND CLAIMS	  	 	47	 
	 16.5
	  	NOTICE OF CASUALTY	  	 	47	 
		
	 ARTICLE 17 WAIVER OF CLAIMS AND INDEMNITY
	  	 	47	 
			
	 17.1
	  	WAIVER OF CLAIMS	  	 	47	 
	 17.2
	  	INDEMNITY	  	 	48	 
		
	 ARTICLE 18 RULES AND REGULATIONS
	  	 	48	 
			
	 18.1
	  	RULES	  	 	48	 
	 18.2
	  	ENFORCEMENT	  	 	48	 
		
	 ARTICLE 19 LANDLORD’S RESERVED RIGHTS
	  	 	49	 
		
	 ARTICLE 20 ESTOPPEL CERTIFICATE
	  	 	49	 

  
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	 20.1
	  	IN GENERAL	  	 	49	 
	 20.2
	  	ENFORCEMENT	  	 	49	 
		
	 ARTICLE 21 INTENTIONALLY DELETED
	  	 	50	 
		
	 ARTICLE 22 REAL ESTATE BROKERS
	  	 	50	 
		
	 ARTICLE 23 MORTGAGEE PROTECTION
	  	 	50	 
			
	 23.1
	  	SUBORDINATION AND ATTORNMENT	  	 	50	 
	 23.2
	  	MORTGAGEE PROTECTION	  	 	50	 
		
	 ARTICLE 24 NOTICES
	  	 	51	 
		
	 ARTICLE 25 MISCELLANEOUS
	  	 	51	 
			
	 25.1
	  	LATE CHARGES	  	 	51	 
	 25.2
	  	NO JURY TRIAL; VENUE; JURISDICTION	  	 	52	 
	 25.3
	  	NO DISCRIMINATION	  	 	52	 
	 25.4
	  	FINANCIAL STATEMENTS	  	 	52	 
	 25.5
	  	OPTION	  	 	52	 
	 25.6
	  	AUTHORITY	  	 	52	 
	 25.7
	  	ENTIRE AGREEMENT	  	 	52	 
	 25.8
	  	MODIFICATION OF LEASE FOR BENEFIT OF MORTGAGEE	  	 	53	 
	 25.9
	  	EXCULPATION	  	 	53	 
	 25.10
	  	ACCORD AND SATISFACTION	  	 	53	 
	 25.11
	  	LANDLORD’S OBLIGATIONS ON SALE OF BUILDING	  	 	53	 
	 25.12
	  	BINDING EFFECT	  	 	53	 
	 25.13
	  	CAPTIONS	  	 	53	 
	 25.14
	  	TIME; APPLICABLE LAW; CONSTRUCTION	  	 	54	 
	 25.15
	  	ABANDONMENT	  	 	54	 
	 25.16
	  	LANDLORD’S RJGHT TO PERFORM TENANT’S DUTIES	  	 	54	 
	 25.17
	  	SECURITY SYSTEM	  	 	54	 
	 25.18
	  	NO LIGHT, AIR OR VIEW EASEMENTS	  	 	54	 
	 25.19
	  	RECORDATION	  	 	54	 
	 25.20
	  	SURVIVAL	  	 	54	 
	 25.21
	  	OFAC	  	 	55	 
	 25.22
	  	INSPECTION BY A CASP IN ACCORDANCE WITH CIVIL CODE SECTION 1938.	  	 	55	 
	 25.23
	  	COUNTERPARTS	  	 	55	 
	 25.24
	  	EXHIBITS AND RIDERS	  	 	55	 

  
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 OFFICE/LABORATORY LEASE 

ARTICLE 1 
 BASIC LEASE
PROVISIONS 
 1.1 BASIC LEASE PROVISIONS 

In the event of any conflict between these Basic Lease Provisions and any other Lease provision, such other Lease provision shall control. 

(1) BUILDING AND ADDRESS: 
 2929
Seventh Street 
 Berkeley, California 94710 

(2) LANDLORD AND ADDRESS: 
 2929
Seventh St., LLC 
 1120 Nye Street, Suite 400 

San Rafael, California 94901 

Notices to Landlord shall be addressed: 

2929 Seventh St., LLC 
 c/o
Wareham Property Group 
 1120 Nye Street, Suite 400 

San Rafael, California 9490 I 

With a copy to: 
 Stewart
Ward & Josephson LLP 
 1601 Response Road, Suite 360 

Sacramento, California 95815 

Attention: Winnifred C. Ward, Esq. 

And to: 
 Shartsis Friese LLP 

One Maritime Plaza, 18th Floor 

San Francisco, California 94901 

Attention: Senior Real Estate Partner 

(3) TENANT AND NOTICE ADDRESS: 

(a) Name: Caribou Biosciences, Inc. 

(b) State of incorporation: Delaware 

Tenant shall promptly notify Landlord of any change in the foregoing items. 

(c) Notices to Tenant shall be addressed: 

At the Premises (at Suite 105) 

Attention: President 

 With a copy to: 

At the Premises (at Suite 1 05) 

Attention: Chief Legal Officer 

(4) DATE OF THIS LEASE: as of March 31, 2021 

(5) INITIAL TERM: April I, 2021 (the “Commencement Date”) through March 31, 2031 (the “Expiration Date”) 

(6) OPTION TO EXTEND: One 5-year option as more specifically described in Section 2.2. 

(7) MONTHLY BASE RENT: 
  

																					
	 PERIOD
	  	MONTHLY BASE RENT	 
	 	  	SUITE 100	 	  	SUITE 105	 	  	SUITE 110	 	  	SUITE 120	 	  	TOTAL	 
	 *04/01/21 - 12/31/21
	  	$	93,431.00	 	  	$	98,538.00	 	  	$	5,587.00	 	  	$	65,005.00	 	  	$	262,561.00	 
	 01/01/22 - 12/31/22
	  	$	96,234.00	 	  	$	101,494.00	 	  	$	5,755.00	 	  	$	67,280.00	 	  	$	270,763.00	 
	 01/01/23 - 12/31/23
	  	$	99,121.00	 	  	$	104,539.00	 	  	$	5,928.00	 	  	$	69,635.00	 	  	$	279,223.00	 
	 01/01/24 - 12/31/24
	  	$	102,095.00	 	  	$	107,675.00	 	  	$	6,106.00	 	  	$	72,072.00	 	  	$	287,948.00	 
	 01/01/25 - 12/31/25
	  	$	105,158.00	 	  	$	110,905.00	 	  	$	6,290.00	 	  	$	74,595.00	 	  	$	296,948.00	 
	 01/01/26 - 12/31/26
	  	 
	[Monthly Base Rent for all Suites consolidated into
one monthly payment]	 
 	  	$	403,130.00	 
	 01/01/27 - 12/31/27
	  	 
	[Monthly Base Rent for all Suites consolidated into
one monthly payment]	 
 	  	$	417,240.00	 
	 01/01/28 - 12/31/28
	  	 
	[Monthly Base Rent for all Suites consolidated into
one monthly payment]	 
 	  	$	431,843.00	 
	 01/01/29 - 12/31/29
	  	 

	[Monthly Base Rent for all Suites consolidated into
one monthly payment]
	 
 
	  	$	446,958.00	 
	 01/01/30 - 12/31/30
	  	 
	[Monthly Base Rent for all Suites consolidated into
one monthly payment]	 
 	  	$	462,602.00	 
	 01/01/31 - 03/31/31
	  	 
	[Monthly Base Rent for all Suites consolidated into
one monthly payment]	 
 	  	$	478,793.00	 

  

	*	 Assumes a Commencement Date of April I, 2021 as to Suite 120; see Section 2.2(a) below.

 (8) PREMISES: The space located within the Building, as outlined (as to each Suite Number) on Exhibit A hereto,
to be known collectively as “Suite 105”. 
 (9) RENTABLE AREA AND SUITE NUMBERS OF THE PREMISES: 

 

			
	 Suite 100:
	  	23,500 square feet
	 Suite 105:
	  	25,000 square feet
	 Suite 110:
	  	1,416 square feet
	 Suite 120:
	  	11,819 square feet

  
 - 6 - 

 (10) SECURITY DEPOSIT: Seven Hundred Forty-Five Thousand Ninety-Two and 66/100 Dollars
($745,092.66) (i.e., Five Hundred Ninety-Three Thousand Two Hundred Ninety-Two and 66/100 Dollars ($593,292.66) held under the Existing Lease, plus the additional sum of One Hundred Fifty-One Thousand Eight Hundred Dollars ($151,800.00); the
“Additional Security Deposit”). 
 (11) TENANT’S USE OF PREMISES: General office, research and development, laboratory, and
legal uses ancillary thereto (the “Permitted Use”). 
 (12) PARKING: 

 

	 	(a)	 Up to 96 parking spaces in the following parking areas: 

Lot located on 
 East Side of
Building (the “East Lot”): 
 44 spaces reserved for the exclusive use of Tenant (the “Building Spaces”) 

2919 7th Street/999 Anthony Street 

building lot as shown on Exhibit A-2 hereto (“Anthony Street Lot”): 9 unreserved spaces 

Parking structures located within the Campus 

as shown on Exhibit A-2 hereto (“Aquatic Park Lot”): 43 unreserved spaces (which may or may not be partially located in the
Anthony Street Lot) 
  

	 	(b)	 The rates for the unreserved parking spaces shall be as follows: 

44 spaces: $0.00/space/month, through December 31, 2023; thereafter, commencing as of January I, 2024, $61.00/space/month, through
December 31, 2025; thereafter, commencing as of January I, 2026, at the standard prevailing monthly rates being charged from time to time by Landlord or its parking operator without regard to discounts provided to any other occupants of the
Building (the “Standard Parking Rates”) 
 34 spaces: $61.00/space/month, through December 31, 2025; thereafter,
commencing as of January I, 2026, at the Standard Parking Rates 
 18 spaces: At the Standard Parking Rates. The current rate for
unreserved parking spaces is $125.00/space/month 
 (13) BROKERS: 

Landlord’s Broker: None 

Tenant’s Broker: None 
 (14)
SUITE 120 TENANT IMPROVEMENT ALLOWANCE: Three Hundred Fifty- Four Thousand Five Hundred Seventy Dollars ($354,570.00) (i.e., a sum equal to $30.00 per square foot of Rentable Area for Suite 120) 

  
 - 7 - 

 1.2 ENUMERATION OF EXHIBITS AND RIDER(S) 

The Exhibits and Rider set forth below and attached to this Lease are incorporated in this Lease by this reference: 

 

			
	 EXHIBIT A
	  	Outline of Premises
		
	 EXHIBIT A-1
	  	Outline of Offering Spaces
		
	 EXHIBIT A-2
	  	Parking Areas
		
	 EXHIBIT B
	  	Workletter Agreement
		
	 EXHIBIT C-1
	  	Laboratory Rules and Regulations
		
	 EXHIBIT C-2
	  	Rules and Regulations
		
	 EXHIBIT D
	  	Campus

 1.3 DEFINITIONS 

For purposes hereof, in addition to terms defined elsewhere in this Lease, the following terms shall have the following meanings: 

ADDITIONAL SECURITY DEPOSIT: The amount specified in Section 1.1(10). 

AFFILIATE: Any corporation or other business entity that is currently owned or controlled by, owns or controls, or is under common ownership
or control with Tenant or Landlord, as the case may be. 
 BANKRUPTCY CODE: As defined in Section 11.3. 

BUILDING: The building located at the address specified in Section 1.1. The Building includes office and laboratory uses. 

BUILDING SPACES. As defined in Section 1.1. 

BUSINESS DAY. Monday through Friday except holidays recognized by the United States Government. 

CABLE: As defined in Section 8.2. 

CITY: The City of Berkeley, California. 

CAMPUS: Those certain properties owned by Landlord and Landlord’s Affiliates, including the Project, commonly known as the Aquatic Park
Center Campus and identified on Exhibit D to this Lease, as such properties may change (including, without limitation, the addition of other adjacent properties that may be acquired by Landlord and/or Landlord’s Affiliates from time to
time). 
 CAMPUS MANAGER: The person designated by Landlord as the senior property manager for the Campus. 

COMMENCEMENT DATE: The date specified in Section 1.1 as the Commencement Date. 

COMMON AREAS: All areas of the Campus made available by Landlord from time to time for the general common use or benefit of the tenants of the
Campus, and their employees and invitees, or the public, as such areas currently exist and as they may be changed from time to time. 

DEFAULT: As defined in Section 11.1. 

DECORATION: Tenant Alterations which do not require a building permit and which do not involve any of the structural elements of the Building,
or any of the Building’s systems, including its electrical, mechanical, plumbing, security, heating, ventilating, air-conditioning, communication, and fire and life safety systems. 

DEFAULT RATE: Two (2) percentage points above the rate then most recently announced by Bank of America N.A. at its San Francisco main
office as its base lending reference rate, from time to time announced, but in no event higher than the maximum rate permitted by Law. 

  
 - 8 - 

 EAST LOT: As defined in Section 1.1. 

EXISTING LEASE: As defined in Section 2.1. 

EXISTING LEASE FIRST AMENDMENT: As defined in Section 2.1. 

EXPIRATION DATE: The date specified in Section 1.1 as the Expiration Date. 

FORCE MAJEURE: Any accident, casualty, act of God, war or civil commotion, strike or labor troubles, or any cause whatsoever beyond the
reasonable control of Landlord or Tenant, as applicable, including water shortages, energy shortages or governmental preemption in connection with an act of God, a national emergency, disease outbreak, epidemic or pandemic (including without
limitation COVID-19), or by reason of Law, government regulations or restrictions (e.g., shelter-in-place orders or orders requiring the closure of businesses), or other declaration of public health emergency, or by reason of the conditions of
supply and demand which have been or are affected by act of God, war or other emergency. Notwithstanding the foregoing, the financial inability of Tenant to perform its obligations under this Lease shall not constitute a Force Majeure event, and in
no event shall a Force Majeure event delay or excuse Tenant’s obligation to timely and fully pay all Rent owing under this Lease. 

GREEN BUILDING STANDARDS: One or more of the following: the U.S. EPA’s Energy
Star® Portfolio Manager, the Green Building Initiative’s Green GlobesTM building rating system, the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED®) building rating system, the ASHRAE Building Energy Quotient (BEQ), the Global Real Estate Sustainability Benchmark (GRESB), or other standard for high performance buildings adopted by Landlord
with respect to the Building or the Project, as the same may be revised from time to time. 
 HAZARDOUS MATERIALS: As defined in
Section 7.1(f). HAZARDOUS MATERIALS LAWS: As defined in Section 7.1(f). 
 INDEMNITEES: Collectively, Landlord, any Mortgagee or
ground lessor of the Property, the Campus Manager and the leasing manager for the Campus and their respective partners, members, directors, and officers. 

INITIAL TERM: As defined in Section 2.2(a). 

LAND: The parcel(s) of real estate on which the Building and Project are located. 

LANDLORD WORK: The construction or installation of improvements to the Premises to be furnished by Landlord, if any, as specifically described
in the Workletter or exhibits attached hereto. 
 LAWS OR LAW: All laws, ordinances, rules, regulations, other requirements, orders, rulings
or decisions adopted or made by any governmental body, agency, department or judicial authority having jurisdiction over the Property, the Premises or either party’s activities at the Premises and any covenants, conditions or restrictions of
record as of the date of this Lease which affect the Property. 
 LEASE: This instrument and all exhibits and riders attached hereto, as may
be amended from time to time. 
 LEASEHOLD IMPROVEMENTS: As defined in Section 12.1. 

MONTHLY BASE RENT: The monthly base rent specified in Section I. I. 

MORTGAGEE: Any holder of a mortgage, deed of trust or other security instrument encumbering the Property. 

NAMED TENANT: As defined in Section 2.1(b). 

  
 - 9 - 

 NATIONAL HOLIDAYS: New Year’s Day, Memorial Day, Independence Day, Labor Day,
Thanksgiving Day and Christmas Day and other holidays recognized by the janitorial and other unions servicing the Building in accordance with their contracts. 

OPERATING EXPENSES: All costs, expenses and disbursements of every kind and nature which Landlord shall pay or become obligated to pay during
the Term in connection with the ownership, management, operation, maintenance, replacement and repair of the Building and the Property, including, without limitation, property management fees not to exceed three and
one- half percent (3.5%) of gross revenues for the Building (the “PM Fee Cap”); costs and expenses of any capital expenditure or improvement that is Landlord’s responsibility under this
Lease, and if Landlord reasonably elects to amortize such costs and expenses over a period that Landlord may reasonably determine (provided, however, that Landlord shall amortize any single expense that exceeds $100,000.00 in any calendar year),
such costs and expenses shall be together with interest thereon at the lower of the rate incurred by Landlord to finance such capital expenditure or improvement or the Default Rate, provided that any such capital expenditure or improvement shall be
limited to that (a) made to the Property after the Commencement Date in order to comply with Laws enacted after the Commencement Date (except to the extent such capital expenditure or improvement already is included in Operating Expenses prior
to the Commencement Date), or (b) installed after the Commencement Date which are for the purpose of reducing or controlling Operating Expenses (the “Permitted Capital Expenditures”); the costs of changing utility service providers;
an equitable allocation of management office expenses (including, without limitation, office rent, supplies, equipment, salaries, wages, bonuses and other compensation relating to employees of Landlord or its agents engaged in the management,
operation, repair, or maintenance of the Campus, the costs and expenses of which shall be equitably prorated and apportioned between the Building and the other buildings or properties within the Campus); and, if Tenant and its employees have the
right to use the same, the cost of operating a fitness center and/or any conference centers that are available for use by Tenant, as reasonably determined by Landlord, which centers may be located in other buildings in the Campus. 

Notwithstanding anything to the contrary in the preceding paragraph, Operating Expenses shall not include: (i) costs of alterations of or
improvements to the premises of tenants of the Project or Campus, (ii) costs or expenses of capital expenses or improvements to or of the Building or any other part of the Project or Campus, other than Permitted Capital Expenditures,
(iii) depreciation charges, (iv) interest and principal payments on loans (except for loans for Permitted Capital Expenditures as provided above), (v) ground rental payments, (vi) real estate brokerage and leasing commissions,
(vii) advertising and marketing expenses, (viii) costs of Landlord to the extent reimbursed by insurance proceeds, tenants, or other third parties, (ix) expenses incurred in negotiating leases of tenants in the Project or Campus or
enforcing lease obligations of tenants in the Project or Campus, (x) accountants’ fees, attorneys’ fees and other professional fees and costs incurred in connection with the defense of Landlord’s title to or interest in the
Project or Campus or any part thereof, and the sale, transfer, financing or refinancing of the Project or Campus, (xi) Landlord’s general corporate overhead, (xii) costs incurred in connection with services or other benefits which are
provided to tenants or occupants other than Tenant, but not made available to Tenant, (xiii) reserves, including reserves for capital expenditures or improvements, bad debts, or rental losses, (xiv) costs incurred in connection with
upgrading the Building and/or any other part of the Project or Campus to comply with the current interpretation of disability, life, fire and safety codes, ordinances, statutes, or other Laws in effect on the Commencement Date, including, without
limitation, the ADA (as defined below), and including penalties or damages incurred due to such non-compliance (except to the extent such capital expenditure or improvement already is included in Operating Expenses prior to the Commencement Date),
(xv) wages, salaries or other compensation paid to any employee of Landlord (A) not dedicated full time to the Project or Campus (unless such costs are reasonably prorated to reflect time spent on the Campus) and/or (B) having a rank
higher than Campus Director, (xvi) utility costs for which any tenant or occupant contracts directly with the utility provider, or resulting from excess or after-hours usage by other tenants or occupants of the Project or Campus, or for which
Landlord is reimbursed directly by a tenant, (xvii) costs incurred in connection with any environmental investigation, monitoring, clean up, response action, or remediation with respect to a condition in existence on or prior to the
Commencement Date on, in, under or about the Premises, the Building or any other part of the Property, (xviii) deductibles under any insurance policy in excess of Twenty-Five Thousand Dollars ($25,000.00) in any one calendar year,
(xix) property management, asset management or other management fees other than property management fees not to exceed the PM Fee Cap, and (xx) any item that, if included, in Operating Expenses, would involve a double collection for such
item by Landlord. In the event there exists a conflict as to an expense that is specified to be included in Operating Expenses and is also specified to be excluded from Operating Expenses within the above list, the exclusions listed above shall
prevail and the expenses shall be deemed excluded. If any Operating Expense, though paid in one (I) year, relates to more than one calendar 

  
 - 10 - 

 
year, at the option of Landlord such expense may be proportionately allocated among such related calendar years; provided that only those periods falling within the Term of the Lease shall be
allocated to Tenant. Landlord agrees that Landlord will not collect or be entitled to collect Operating Expenses from Tenant in an amount in excess of Tenant’s Share of one hundred percent (100%) of the Operating Expenses attributable to
the Building and the remainder of the Project or Campus. In addition, Operating Expenses shall be reduced by all cash discounts, trade discounts or quantity discounts received by Landlord or Landlord’s managing agent in the purchase of any
goods, utilities or services in connection with the prudent operation of the Building. Operating Expenses for the Property that are not, in Landlord’s reasonable discretion, allocable solely to either the office or laboratory portion of the
Building shall be equitably allocated by Landlord between/amongst such uses. The above enumeration of services and facilities shall not be deemed to impose an obligation on Landlord to make available or provide such services or facilities except to
the extent if any that Landlord has specifically agreed elsewhere in this Lease to make the same available or provide the same. 
 PREMISES:
The space located in the Building at the Suite Numbers listed in Section 1.1 and depicted on Exhibit A attached hereto. 

PROJECT or PROPERTY: The Project consists of the office and laboratory building located at the street address specified in Section 1.1,
and associated surface and garage parking as designated by Landlord from time to time, landscaping and improvements, together with the Land, any associated interests in real property, and the personal property, fixtures, machinery, equipment,
systems and apparatus located in or used in conjunction with any of the foregoing. The Project may also be referred to as the Property. 

PROJECT’S SUSTAINABILITY PRACTICES: The operations and maintenance practices for the Building, whether incorporated into the
Building’s Rules and Regulations, construction rules and regulations or separate written sustainability policies of Landlord with respect to the Building or the Project, as the same may be revised from time to time so long as such revisions do
not materially and adversely impact Tenant’s use of the Premises or materially increase Tenant’s costs, addressing, among other things: energy efficiency; energy measurement and reporting; water usage; recycling, composting, and waste
management; indoor air quality; and chemical use. 
 REAL PROPERTY: The Property excluding any personal property. 

RENT: Collectively, Monthly Base Rent, Rent Adjustments and Rent Adjustment Deposits, and all other charges, payments, late fees or other
amounts required to be paid by Tenant under this Lease. 
 RENT ADJUSTMENT: Any amounts owed by Tenant for payment of Operating Expenses
and/or Taxes. The Rent Adjustments shall be determined and paid as provided in Article 4. 
 RENT ADJUSTMENT DEPOSIT: An amount equal to
Landlord’s estimate of the Rent Adjustment attributable to each month of the applicable calendar year (or partial calendar year) during the Term, as provided in Article 4. 

RENTABLE AREA OF THE PREMISES: The amount of square footage set forth in Section 1.1(9) above. 

SECURITY DEPOSIT: The funds specified in Section 1.1(I 0), if any, deposited by Tenant with Landlord as security for Tenant’s
performance of its obligations under this Lease. 
 STANDARD OPERATING HOURS: Monday through Friday from 8:00 A.M. to 6:00 P.M. and
Saturdays from 9:00 A.M. to 1:00 P.M., excluding National Holidays. 
 SUBSTANTIALLY COMPLETE or SUBSTANTIAL COMPLETION: The completion of
the Landlord Work or Tenant Work, as the case may be, except for minor insubstantial details of construction, decoration or mechanical adjustments which remain to be done. 

SUITE 120: As defined in Section 1.1. 

  
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 SUITE 120 TENANT IMPROVEMENT ALLOWANCE: As defined in Section 1.1(14). 

TAXES: All federal, state and local governmental taxes, assessments, license fees and charges of every kind or nature, whether general,
special, ordinary or extraordinary, which Landlord shall pay or become obligated to pay because of or in connection with the ownership, leasing, management, control, sale, transfer, or operation of the Property or any of its components (including
any personal property used in connection therewith) or Landlord’s business of owning and operating the Property, which may also include any rental, revenue, general gross receipts or similar taxes levied in lieu of or in addition to general
real and/or personal property taxes, but only to the extent such taxes, assessments, license fees and charges accrued during and relate to the Tenn. For purposes hereof, Taxes for any year shall be Taxes which are assessed for any period of such
year falling within the Term, whether or not such Taxes are billed and payable in a subsequent calendar year. There shall be included in Taxes for any year falling within the Tern the amount of all fees, costs and expenses (including reasonable
attorneys’ fees) paid by Landlord during such year in seeking or obtaining any refund or reduction of Taxes. Taxes for any year shall be reduced by the net amount of any tax refund received by Landlord attributable to such year. If a special
assessment payable in installments is levied against any part of the Property, Taxes for any year shall include only the installment of such assessment and any interest payable or paid during such year to the extent falling with the Term. Taxes
shall be determined without reference to any abatement or exemption from or credit against Taxes applicable to all or part of the Property. Notwithstanding anything to the contrary herein, Taxes shall not include (i) any items included in
Operating Expenses, (ii) any items payable by Tenant under Section 4.4 below, (iii) any federal, state or local inheritance, general income, excess profit, franchise, capital stock, gift, estate taxes or other taxes to the extent
applicable to Landlord’s general or net income (as opposed to rents or receipts attributable to operations at the Property), except that if a change occurs in the method of taxation resulting in whole or in part in the substitution of any such
taxes, or any other assessment, for any Taxes as above defined, such substituted taxes or assessments shall be included in the Taxes, (iv) any documentary transfer taxes, and (v) interest or penalties resulting from Landlord’s failure
to pay Taxes in a timely manner (collectively, “Excluded Taxes”). Taxes for the tax year in which the Term shall commence or expire shall be apportioned according to the number of days during which each patty shall be in possession during
such tax year. Tenant and Landlord acknowledge that Proposition 13 was adopted by the voters of the State of California in the June, 1978 election and that assessments, taxes, fees, levies and charges may be imposed by governmental agencies for such
purposes as fire protection, street, sidewalk, road, utility construction and maintenance, refuse removal and for other governmental services which may formerly have been provided without charge to property owners or occupants. Other than Excluded
Taxes, it is the intention of the parties that all new and increased assessments, taxes, fees, levies and charges due to any cause whatsoever are to be included within the definition of Taxes for purposes of this Lease. 

TENANT ADDITIONS: Collectively, Landlord Work, Tenant Work and Tenant Alterations. 

TENANT ALTERATIONS: Any alterations, improvements, additions, installations or construction in or to the Premises or any Building systems
serving the Premises (excluding Landlord Work or Tenant Work); and any supplementary air-conditioning systems installed by Landlord or by Tenant at Landlord’s request pursuant to Section 6.1(b). 

TENANT DELAY: Any event or occurrence that delays the completion of the Landlord Work, if any, which is caused by or is described as follows:

 (a) special work, changes, alterations, additions, or any Change Orders (defined in the Workletter) requested or made by Tenant in the
design or finish in any part of the Premises after approval of the plans and specifications (as described in the Workletter); 
 (b)
Tenant’s delay in submitting plans, supplying information, approving plans, specifications or estimates, giving authorizations or otherwise; 

(c) failure to pay for those portions of Tenant Work that Tenant is obligated to pay for pursuant to the Workletter; 

(d) the performance or completion by Tenant or any person engaged by Tenant of any work in or about the Premises; 

  
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 (e) failure to perform or comply with any obligation or condition binding upon Tenant
pursuant to the Workletter, including the failure to approve and pay for such Landlord Work or other items if and to the extent the Workletter provides they are to be approved or paid by Tenant; or 

(f) any other action of Tenant which delays Substantial Completion. 

TENANT PARTY OR TENANT PARTIES: As defined in Section 7.1(f)(l)(x). 

TENANT WORK: All work installed or furnished to the Premises by Tenant, if any, pursuant to the Workletter. 

TENANT’S SHARE: The percentage that represents the ratio of the Rentable Area of the Premises to the Rentable Area of the Building, as
determined by Landlord from time to time. Tenant acknowledges that the Rentable Area of the Premises or Building may change from remeasurement or otherwise during the Term or as a result of Tenant leasing additional space within the Building;
provided, however, in no event shall the Rentable Area of the Premises or Building change during the Initial Term except as a result of Tenant leasing additional space within the Building. Tenant’s Share is defined as 78.2% as of the date of
this Lease. 
 TERM: The initial term of this Lease commencing on the Commencement Date and expiring on the Expiration Date, and extension
of the initial term, if any. 
 TERMINATION DATE: The Expiration Date or such earlier date as this Lease terminates or Tenant’s right
to possession of the Premises terminates. 
 WORKLETTER: The Agreement regarding the manner of completion of Landlord Work and Tenant Work
set forth on Exhibit B attached hereto. 
 ARTICLE 2 

PREMISES, TERM, FAILURE TO GIVE POSSESSION, AND PARKING 

2.1 LEASE OF PREMISES; EXISTING LEASE; RIGHT OF FIRST OFFER 

(a) Existing Lease. Tenant currently leases the Premises (other than Suite 120) pursuant to the terms of that certain Laboratory Lease
dated August 20, 2014 (the “Original Lease”), as amended by that certain First Amendment to Laboratory Lease dated October 29, 2015 (the “Existing Lease First Amendment”), that certain Second Amendment to Laboratory
Lease dated April 29, 2016, that certain Third Amendment to Laboratory Lease dated April 3, 2018, that certain Fourth Amendment to Laboratory Lease dated September 6, 2018, that certain Fifth Amendment to Laboratory Lease dated
February I, 2019, and that certain Sixth Amendment to Laboratory Lease dated July 8, 2019 (collectively, the “Existing Lease”), the term of which lease expires as of December 31, 2025. It is the intent of the parties that this
Lease shall amend, restate, supersede and replace in its entirety the Existing Lease. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term and upon the terms, covenants and conditions provided in this
Lease. 
 (b) Right of First Offer. 

(1) Tenant shall have a one-time right of first offer (the “Right of First Offer”) with respect to Suite 130 on the first floor of
the Building, consisting of approximately 10,062 square feet of Rentable Area, and Suite 200 on the second floors of the Building, consisting of approximately 7,140 square feet of Rentable Area (both as shown on Exhibit A-I to this Lease),
following the date of this Lease (the “Offering Spaces”). If Tenant leases either of the Offering Spaces pursuant to the terms of this Section 2.1(b), then Tenant shall have a one-time right of first offer on the other Offering Space
pursuant to the terms of this Section 2.1(b). 

  
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 (2) Landlord and Tenant acknowledge that the Offering Spaces are currently leased to
existing tenants. Prior to the date Landlord offers either of the Offering Spaces for lease to a potential third-patty tenant or other potential occupant (other than to any of such existing tenants), Landlord shall advise Tenant (the
“Advice”) of the terms under which Landlord is prepared to lease such Offering Space to Tenant. Tenant may lease such Offering Space in its entirety only, under such terms, by delivering written notice of exercise to Landlord (the
“Notice of Exercise”) within five (5) days after the date of the Advice, except that Tenant shall have no such Right of First Offer, and Tenant may not exercise its right under this Section 2.1(b), if: (i) at the time that
Landlord would otherwise deliver the Advice, a Default on the part of Tenant exists under this Lease or there then exists any event or condition which, with the giving of notice or the passage of time or both, would constitute such a Default;
(ii) any portion of the Premises is sublet at the time Landlord would otherwise deliver the Advice; (iii) Tenant is not occupying the entire Premises (other than due to a casualty or condemnation event); (iv) the Offering Space is not
intended for the exclusive use of Tenant; or (v) Tenant cannot demonstrate to Landlord’s reasonable satisfaction that Tenant’s creditworthiness is sufficient in light of the increased Rent obligations associated with the Offering
Space. Tenant shall deliver evidence of Tenant’s creditworthiness concurrently with delivery of the Notice of Exercise. 
 (3) The term
with respect to the Offering Space (the “Offering Space Term”) shall be as stated in the Advice and upon commencement of the Offering Space Term, the Offering Space shall be considered a part of the Premises, provided that all of the terms
stated in the Advice shall govern Tenant’s leasing of the Offering Space and only to the extent that they do not conflict with the Advice, the terms and conditions of this Lease shall apply to the Offering Space. The foregoing notwithstanding,
if Landlord is unable to deliver possession of the Offering Space to Tenant on the commencement of the Offering Space Term as stated in the Advice, Landlord shall not be liable for any claims, damages or liabilities by reason thereof, but the
Offering Space Term shall commence upon the date possession of the Offering Space is delivered by Landlord to Tenant. The Offering Space shall be accepted by Tenant in “AS IS” condition, and Landlord’s only obligation with respect to
the condition of the Offering Space as of the commencement of the Offering Space Term shall be to deliver such Offering Space in such condition. 

(4) Tenant shall pay Monthly Base Rent for the Offering Space at the rate or rates set forth in the Advice, which rate or rates shall reflect
the Fair Market Rent for the Offering Space as determined by Landlord in Landlord’s reasonable judgment. For purposes of this Right of First Offer provision (and notwithstanding how “Fair Market Rent” is determined under
Section 2.2(b) below), “Fair Market Rent” shall mean the annual rental rate per square foot for space comparable to the Offering Space in the Building and laboratory buildings comparable to the Building in Berkeley and Emeryville,
California under leases and renewal and expansion amendments being entered into at or about the time that the Fair Market Rent is being determined, giving appropriate consideration to tenant concessions, brokerage commissions, tenant improvement
allowances, and the method of allocating operating expenses and taxes. Notwithstanding the foregoing, space leased under any of the following circumstances shall not be considered to be comparable for purposes hereof: (i) the lease term is for
less than the lease term of the Offering Space, (ii) the space is encumbered by the option rights of another tenant, or (iii) the space has a lack of windows and/or an awkward or unusual shape or configuration. The foregoing is not
intended to be an exclusive list of space that will not be considered to be comparable. The determination of Fair Market Rent shall also take into consideration any reasonably anticipated changes in the Fair Market Rent from the time such Fair
Market Rent is being determined and the time such Fair Market Rent will become effective under the Lease. 
 (5) The Right of First Offer
shall terminate on the earliest to occur of: (i) Tenant’s failure to exercise its Right of First Offer within the 5-day period provided in Section 2.1(b)(2) above as to either Offering Space; (ii) the date Landlord would have
provided Tenant with an Advice if Tenant had not been in violation of one or more of the conditions set forth in Section 2.1(b)(2); or (iii) the expiration or earlier termination of the Term (as the same may be extended pursuant to
Section 2.2(b) below). 
 (6) If Tenant exercises its Right of First Offer as to any of the Offering Spaces, Landlord shall prepare an
amendment (the “Offering Amendment”) adding the subject Offering Space to the Premises on the terms set forth in the Advice and reflecting the changes in the Monthly Base Rent, Rentable Square Footage of the Premises and other appropriate
terms. A copy of the Offering Amendment shall be sent to Tenant within a reasonable time after Landlord’s receipt of the Notice of Exercise executed by Tenant, and Tenant shall execute and return the Offering Amendment to Landlord within
fifteen (15) days thereafter, but an otherwise valid exercise of the Right of First Offer shall be fully effective whether or not the Offering Amendment is prepared and/or executed. 

(7) Notwithstanding anything to the contrary contained herein, Tenant’s Right of First Offer is 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 or other occupant of the Building existing as of the date of this Lease. 

  
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 (8) Notwithstanding anything to the contrary contained herein, Tenant’s rights under
this Section 2.1(b) are personal to the original Tenant executing this Lease or a Permitted Transferee to whom this Lease is assigned (“Named Tenant”) and shall not be assigned or assignable, in whole or in part, to any third-party
other than a Permitted Transferee. Any assignment or other transfer of such rights by Named Tenant shall be void and of no force or effect. Without limiting the generality of the foregoing, no sublessee of the Premises shall be permitted to exercise
the rights granted to Tenant under this Section 2.l(b). 
 2.2 TERM 

(a) Initial Tenn. The initial term of this Lease (“Initial Tern”) shall be as set forth in Section 1.1(5). 

(b) Option to Extend. Provided that (i) Tenant has not sublet any portion of the Premises other than Suite 120, and (ii) no
monetary Default or material non-monetary Default by Tenant exists at the time of exercise or at the time of commencement of the Extended Term, the Term of this Lease shall be subject to one (I) extension option for an additional period of
sixty (60) months (the “Extension Option”), commencing as of the expiration of the Initial Tern, and expiring on the date that is sixty (60) full calendar months thereafter (the “Extended Term”), exercisable as follows:

 (1) The Extension Option shall be upon the same material terms and conditions contained in this Lease, except that (i) the initial
Monthly Base Rent for the Premises shall be equal to the fair market rent for the Premises determined in the manner set forth in Section 2.2(b)(3) below, (ii) on each anniversary of the commencement date of the Extended Term, the Monthly
Base Rent shall increase three and one-half percent (3\/,%), on a cumulative basis, and (iii) Tenant shall accept the Premises in an “as is” condition without any obligation of Landlord to repaint, remodel, repair, improve or alter
the Premises (subject, however, to the terms of Section 8.1 of the Lease). 
 (2) Tenant’s election to exercise the Extension
Option must be given to Landlord in writing no less than three hundred and sixty-five (365) days prior to the expiration of the Initial Term (the “Extension Notice”). Within thirty (30) days of Landlord’s receipt of the
Extension Notice, Landlord shall send Tenant written notice of Landlord’s good faith determination of the Fair Market Rent for the Premises (the “Fair Market Rent Notice”). For purposes of this Section, the term “Fair Market
Rent” shall mean the base rental rate, periodic rental rate adjustment and other charges and increases, if any, for space comparable in size, location and quality to the Premises under a primary lease (and not sublease) to new or renewing
tenants, for a comparable term with a tenant improvement allowance, if applicable and taking into consideration such amenities as existing improvements, view, floor on which the Premises are situated and the like, situated in buildings in Berkeley
and Emeryville, California. Notwithstanding anything to the contrary contained herein, the Extension Option shall automatically terminate and be of no further force or effect, whether or not Tenant has timely exercised the Extension Option, if a
monetary Default or material non-monetary Default exists at the time of exercise of the Extension Option or at the time of commencement of the Extended Term. 

(3) If Tenant properly exercises the Extension Option, the Monthly Base Rent during the Extended Term shall be determined in the following
manner. The Monthly Base Rent as of the commencement of the Extended Term shall be adjusted to an amount equal to the Fair Market Rent for the Premises as specified in the Fair Market Rent Notice, subject to Tenant’s right of arbitration as set
forth below. Notwithstanding the above, under no circumstances will the Monthly Base Rent during the first twelve (12) months of the Extension Term be less than the Monthly Base Rent for the last month of the Initial Term. If Tenant believes
that the Fair Market Rent specified in the Fair Market Rent Notice exceeds the actual Fair Market Rent for the Premises as of the date of such notice, then Tenant shall so notify Landlord within ten (10) days of Tenant’s receipt of the
Fair Market Rent Notice. If Tenant fails to so notify Landlord within such 10-day period, Landlord’s determination of the Fair Market Rent shall be final and binding upon the parties. If the parties are unable to agree upon the Fair Market Rent
within ten (10) days after Landlord’s receipt of Tenant’s objection to the Fair Market Rent Notice, the amount of Monthly Base Rent as of the commencement of the Extended Term shall be determined as follows: 

  
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 (i) Within twenty (20) days after the 10-day period has expired and the parties have
failed to agree on the Fair Market Rent, Tenant, at its sole expense, shall obtain and deliver in writing to Landlord a determination of the Fair Market Rent for the Premises for a term equal to the Extended Term from a broker (“Tenant’s
Broker”) licensed in the State of California and engaged in the laboratory brokerage business in Berkeley/Emeryville, California, for at least the immediately preceding five (5) years. If Landlord accepts such determination, the Monthly
Base Rent for the Extended Term shall be adjusted to an amount equal to the amount determined by Tenant’s Broker. 
 (ii) If Landlord
does not accept such determination, within fifteen (15) days after receipt of the determination of Tenant’s broker, Landlord shall designate a broker (“Landlord’s Broker”) licensed in the State of California and engaged in
the laboratory brokerage business in Berkeley/Emeryville, California, for at least the immediately preceding five (5) years. Landlord’s Broker and Tenant’s Broker shall name a third broker, similarly qualified, within five
(5) days after appointment of Landlord’s Broker. Landlord’s Broker and Tenant’s Broker shall each determine the Fair Market Rent for the Premises as of the commencement of the Extended Term for a term equal to the Extended Term
within fifteen (15) days after the appointment of the third broker. The Monthly Base Rent payable by Tenant effective as of the commencement of the Extended Term shall be adjusted to an amount equal to the determination of Fair Market Rent made
by either Landlord’s Broker or Tenant’s Broker that the third broker finds to be closer to the Fair Market Rent. 
 (iii) Landlord
shall pay the costs and fees of Landlord’s Broker in connection with any determination hereunder, and Tenant shall pay the costs and fees of Tenant’s Broker in connection with such determination. The costs and fees of any third broker
shall be paid one-half by Landlord and one-half by Tenant. 
 (4) If the amount of the Fair Market Rent is not known as of the commencement
of the Extended Term, then Tenant shall continue to pay the Monthly Base Rent for the Premises in effect at the expiration of the Extended Term until the amount of the Fair Market Rent is determined. When such determination is made, Tenant shall pay
any deficiency to Landlord upon demand. 
 (5) In connection with the extension of the Term pursuant to Tenant’s exercise of the
Extension Option, the parties acknowledge and agree that Landlord shall not be responsible for the payment to any real estate broker, salesperson or finder claiming to have represented Tenant of any commission, finder’s fee or other
compensation in connection with or as a consequence of Tenant’s exercise of the Extension Option. 
 (6) Notwithstanding anything to the
contrary contained herein, except with respect to a Permitted Transferee, Tenant’s rights under this Section 2.2(b) are personal to Named Tenant and shall not be assigned or assignable, in whole or in part, to any third party other than a
Permitted Transferee. Any assignment or other transfer of such rights by Named Tenant in violation of the preceding sentence shall be void and of no force or effect. Without limiting the generality of the foregoing, no sublessee of the Premises
shall be permitted to exercise the rights granted to Tenant under this Section 2.2(b). 
 2.3 FAILURE TO DELIVER POSSESSION 

If Suite 120 is not delivered to Tenant with the Landlord Work Substantially Completed by the Commencement Date for any reason, Landlord shall
not be liable for any claims, damages or liabilities by reason thereof, nor affect the validity of this Lease or the obligations of Tenant hereunder; provided, however, the Commencement Date as to Suite 120 only shall be adjusted to reflect the
actual delivery date, and Landlord and Tenant shall enter into a commercially reasonable form of memorandum to memorialize the Commencement Date as to Suite 120 only, and the Commencement Date as to the balance of the Premises shall remain as set
forth in the Basic Lease Information. Notwithstanding the foregoing to the contrary, if Landlord is unable to so deliver Suite 120 by the date (the “Outside Suite 120 Delivery Date”) that is ninety (90) days after the Commencement
Date (which Outside Suite 120 Delivery Date shall be subject to extension day- for-day for Force Majeure events), then Tenant may, at its option, by notice in writing (the “Suite 120 Termination
Notice”) within thirty (30) days after the Outside Suite 120 Delivery Date cancel this Lease as to Suite 120 only, in which event Landlord and Tenant shall be discharged from all obligations hereunder relating to Suite 120, and Landlord
shall return to Tenant any prepaid rent relating to Suite 120 and the Additional Security Deposit, and both parties shall be released from all obligations under this Lease relating to Suite 120 (excepting only those obligations, such as
indemnification and defense obligations, which are expressly intended to survive the termination of this Lease). If the Termination Notice is not received by Landlord within said thirty (30) day period, Tenant’s right to cancel as to Suite
120 shall terminate. The remedy set forth above shall be Tenant’s sole remedy in the event of a delay in delivering possession of Suite 120 to Tenant. In no event shall Landlord be liable for special or consequential damages as a result of any
such delay, and no such termination shall modify Tenant’s obligations under this Lease as to the balance of the Premises. 

  
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 2.4 CONDITION OF PREMISES 

Landlord shall deliver possession of Suite 120 to Tenant with the Landlord Work Substantially Completed, in vacant, broom clean condition, with
all Building systems in good working order, and free of all tenancies and other occupancy rights other than Tenant’s pursuant to this Lease. Tenant shall notify Landlord in writing within thirty (30) days after the Commencement Date of any
defects in Suite 120 claimed by Tenant or in the materials or workmanship furnished by Landlord in completing the Landlord Work, if any (the “Suite 120 Patent Defect Notice”). Tenant is not waiving its right to have Landlord repair any
latent defects that may exist (if any) in Suite 120, and Landlord shall have the obligation (as Tenant’s sole remedy) to repair such latent defects, if any, which are discovered by Tenant and reported to Landlord in writing within ninety
(90) days after the Commencement Date (the “Suite 120 Latent Defect Notice” and collectively with the Suite 120 Patent Defect Notice, the “Suite 120 Defect Notices”). As specified in Section 2.l above, Tenant currently
leases the Premises (other than Suite 120) pursuant to the terms of the Existing Lease. Therefore, except for defects stated in the Suite 120 Defect Notices, and subject to any representations, warranties or covenants of Landlord expressly set forth
in this Lease, Tenant shall be conclusively deemed to have (a) accepted the Premises “AS IS” in the condition existing on (i) the date of this Lease, as to all of the Premises other than Suite 120, and (ii) as of the date
Tenant first takes possession of Suite 120, as to Suite 120, and (b) waived all claims relating to the condition of the Premises. Landlord shall proceed diligently to correct the defects stated in the Suite 120 Defect Notices unless Landlord
disputes the existence of any such defects. In the event of any dispute as to the existence of any such defects, the good faith decision of Landlord’s architect shall be final and binding on the parties. No agreement of Landlord to alter,
remodel, decorate, clean or improve the Premises or the Real Property and no representation regarding the condition of the Premises or the Real Property has been made by or on behalf of Landlord to Tenant, except as may be specifically stated in
this Lease or in the Workletter. Nothing in this Section 2.4 shall be deemed to relieve Landlord from any of its duties or obligations expressly set forth in this Lease or the Workletter. 

2.5 PARKING 
 During the Term, Tenant may
use the number of spaces specified in Section 1.1(12) for parking at the rates specified in Section 1.1(12). In the event Tenant fails at any time to pay the full amount of such parking charges, until the delinquent amount is paid
Tenant’s parking rights may be reduced to the extent of Tenant’s failure to pay for any such parking. The locations and type of parking (including, without limitation, valet parking, if any) shall be designated by Landlord or
Landlord’s parking operator from time to time. All of the spaces shall be unreserved spaces (other than the Building Spaces) and shall be located within the Aquatic Park Center in either parking lots or structured parking garages (other than
the Building Spaces). Tenant acknowledges and agrees that the parking spaces serving the Project may include tandem or valet parking and a mixture of spaces for compact vehicles as well as full-size passenger automobiles, and that Tenant shall not
use parking spaces for vehicles larger than the striped size of the parking spaces. All vehicles utilizing Tenant’s parking spaces shall prominently display identification stickers or other markers, and/or have passes or keycards for ingress
and egress, as may be required and provided by Landlord or its parking operator from time to time. Tenant shall comply with any and all parking rules and regulations from time to time established by Landlord or Landlord’s parking operator,
including a requirement that Tenant pay to Landlord or Landlord’s parking operator a charge for loss and replacement of passes, keycards, identification stickers or markers, and for any and all loss or other damage caused by persons or vehicles
related to use of Tenant’s parking spaces. Tenant shall not allow any vehicles using Tenant’s parking spaces to be parked, loaded or unloaded except in accordance with this Section, including in the areas and in the manner designated by
Landlord or its parking operator for such activities. If any vehicle is using the parking or loading areas contrary to any provision of this Section, Landlord or its parking operator shall have the right, in addition to all other rights and remedies
of Landlord under this Lease, to remove or tow away the vehicle without prior notice to Tenant, and the cost thereof shall be paid to Landlord within ten (I 0) days after notice from Landlord. 

To the extent Landlord continues to have such technology available in the Common Areas, Landlord shall keep all EV charging stations located
in the parking areas that serve the Premises as of the Commencement Date in good condition, repair and working order throughout the Tenn. The cost of all such maintenance and repair shall be included in Operating Expenses. 

  
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 ARTICLE 3 

RENT 
 From and after the
Commencement Date, Tenant shall pay to Landlord at the address specified in Section 1.1(2), or to such other persons, or at such other places designated by Landlord, without any prior demand therefor in immediately available funds and without
any deduction or offset whatsoever (except as expressly provided herein), Rent, including Monthly Base Rent and Rent Adjustments in accordance with Article 4, during the Term. Monthly Base Rent shall be paid monthly in advance on or prior to the
first day of each month of the Term, except that the first installment of Monthly Base Rent shall be paid by Tenant to Landlord concurrently with Tenant’s execution of this Lease. Monthly Base Rent shall be prorated for partial months within
the Term. Tenant’s covenant to pay Rent shall be independent of every other covenant in this Lease. 
 ARTICLE 4 

RENT ADJUSTMENTS AND PAYMENTS 
 4.1 RENT
ADJUSTMENTS 
 (a) From and after the Commencement Date until the Termination Date, Tenant shall pay to Landlord Rent Adjustments with
respect to each calendar year (or partial calendar year in the case of the year in which the Commencement Date and the Termination Date occur) as follows: 

(1) The Rent Adjustment Deposit representing Tenant’s Share of Operating Expenses for the applicable calendar year (or partial calendar
year), monthly during the Term with the payment of Monthly Base Rent; 
 (2) The Rent Adjustment Deposit representing Tenant’s Share of
Taxes for the applicable calendar year (or partial calendar year), monthly during the Term with the payment of Monthly Base Rent; and 
 (3)
Any Rent Adjustments due in excess of the Rent Adjustment Deposits in accordance with Section 4.2. Rent Adjustments due from Tenant to Landlord for any calendar year (or partial calendar year) shall be Tenant’s Share of Operating Expenses
for such calendar year (or partial calendar year) and Tenant’s Share of Taxes for such calendar year (or partial calendar year). 
 (b)
On or before the beginning of each calendar year or with Landlord’s Statement (as defined in Section 4.2 below), Landlord may estimate and notify Tenant in writing of its estimate of the amount of Operating Expenses and Taxes payable by
Tenant for such calendar year. Prior to the first determination by Landlord of the amount of Operating Expenses and Taxes for the first calendar year, Landlord may estimate such amounts in the foregoing calculation. Landlord shall have the right
from time to time but not more than once during any calendar year to provide a new or revised estimate of Operating Expenses and/or Taxes and to notify Tenant in writing thereof, of corresponding adjustments in Tenant’s Rent Adjustment Deposit
payable over the remainder of such year, and of the amount or revised amount due allocable to months preceding such change. The last estimate by Landlord shall remain in effect as the applicable Rent Adjustment Deposit unless and until Landlord
notifies Tenant in writing of a change, which notice may be given by Landlord from time to time but not more than once during any calendar year throughout the Term. 

(c) For purposes of determining Rent Adjustments, if the Building or Property is not fully occupied during all or a portion of any calendar
year during the Term, Landlord shall make appropriate adjustments to the variable components of Operating Expenses for such calendar year (or partial calendar year), employing sound accounting and management principles consistently applied, to
determine the amount of Operating Expenses that would have been paid or incurred by Landlord had the Building been one hundred percent (I 00%) occupied, and the amount so determined shall be deemed to have been the amount of Operating Expenses for
such calendar year (or partial calendar year). In the event that the Property is not fully assessed for all or a portion of any calendar year (or partial calendar year) during the Term, then Taxes shall be adjusted to an amount which would have been
payable in such calendar year (or partial calendar year) if the Property had been fully assessed. In addition, Landlord shall have the right, at its sole discretion, from time to time, to equitably allocate certain Operating Expenses among only
certain tenants of the Project as to any expense or cost that relates to a repair, replacement or service that benefits only those tenants, and the Rent Adjustments shall reflect any such allocations. 

  
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 4.2 STATEMENT OF LANDLORD 

As soon as practical after the expiration of each calendar year, Landlord will furnish Tenant with a statement respecting the prior calendar
year (“Landlord’s Statement”) showing the following: 
 (a) The amount of actual Operating Expenses and Taxes for such
calendar year; 
 (b) The amount of Rent Adjustments due Landlord for the last calendar year, less credit for Rent Adjustment Deposits paid,
if any; and 
 (c) Any change in the Rent Adjustment Deposit due monthly in the current calendar year, including the amount or revised amount
due for months preceding any such change pursuant to Landlord’s Statement. 
 Tenant shall pay to Landlord within ten (10) days
after receipt of such statement any amounts for Rent Adjustments then due in accordance with Landlord’s Statement. Any amounts due from Landlord to Tenant pursuant to this Section shall be credited to the Rent Adjustment Deposit next corning
due, or promptly refunded to Tenant if the Term has already expired or terminated, provided Tenant is not in Default hereunder. No interest or penalties shall accrue on any amounts that Landlord is obligated to credit or refund to Tenant by reason
of this Section 4.2. Landlord’s failure to deliver Landlord’s Statement or to compute the amount of the Rent Adjustments shall not constitute a waiver by Landlord of its right to deliver such items nor constitute a waiver or release
of Tenant’s obligations to pay such amounts, unless Landlord fails to deliver such Landlord’s Statement as to Operating Expenses or Taxes (unless such delivery delay as to Taxes is due to a delay in the taxing authority providing updated
Tax information) within twenty-four (24) months following the conclusion of the applicable calendar year. The Rent Adjustment Deposit shall be credited against Rent Adjustments due for the applicable calendar year (or partial calendar year).
During the last complete calendar year or during any partial calendar year in which this Lease expires or terminates, Landlord may include in the Rent Adjustment Deposit its estimate of Rent Adjustments which might not be finally determined until
after the expiration or termination of this Lease. Tenant’s obligation to pay Rent Adjustments survives the expiration or termination of this Lease. 

4.3 BOOKS AND RECORDS 
 Landlord shall
maintain books and records showing Operating Expenses and Taxes in accordance with sound accounting and management practices, consistently applied. Tenant or its representative (which representative shall be a certified public accountant licensed to
do business in the state in which the Property is located and whose primary business is certified public accounting and who shall not be paid on a contingency basis) shall have the right, for a period of sixty (60) days following the date upon
which Landlord’s Statement is delivered to Tenant, to examine Landlord’s books and records with respect to the items in the foregoing statement of Operating Expenses and Taxes during normal business hours, upon written notice, delivered at
least three (3) Business Days in advance. Tenant shall pay for all costs of such examination, provided, however, if the examination reveals an overcharge of five percent (5%) or more, then Landlord shall pay for all reasonable and actual
third-party costs of such examination, up to a maximum amount of the lesser of the amount of the overcharge or Five Thousand Dollars ($5,000.00). If Tenant performs such examination, but does not object in writing to Landlord’s Statement within
ninety (90) days after Tenant’s receipt thereof, specifying the nature of the item in dispute and the reasons therefor, then Landlord’s Statement shall be considered final and accepted by Tenant and Tenant shall be deemed to have
waived its right to dispute Landlord’s Statement. If Tenant does dispute any Landlord’s Statement, Tenant shall deliver a copy of any such audit to Landlord at the time of notification of the dispute. If Tenant does not provide such notice
of dispute and a copy of such audit to Landlord within such ninety (90) day period, it shall be deemed to have waived such right to dispute Landlord’s Statement. Any amount due to Landlord as shown on Landlord’s Statement, whether or
not disputed by Tenant as provided herein shall be paid by Tenant when due as provided above, without prejudice to any such written exception. In no event shall Tenant be permitted to examine Landlord’s records or to dispute any

  
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statement of Operating Expenses and Taxes unless Tenant has paid and continues to pay all Rent when due. Upon resolution of any dispute with respect to Operating Expenses and Taxes, Tenant shall
either pay Landlord any shortfall or Landlord shall credit Tenant with respect to any overages paid by Tenant within thirty (30) days after such determination. The records obtained by Tenant shall be treated as confidential and neither Tenant
nor any of its representatives or agents shall disclose or discuss the information set forth in the audit to or with any other person or entity except (a) to or with Tenant’s directors, officers, attorneys, accountants, auditors, financial
advisors, investors, employees and consultants; or (b) as required by Law or legal process (the “Confidentiality Requirement”). Tenant shall indemnify and hold Landlord harmless for any losses or damages arising out of the breach of
the Confidentiality Requirement. 
 4.4 TENANT OR LEASE SPECIFIC TAXES 

In addition to Monthly Base Rent, Rent Adjustments, Rent Adjustment Deposits and other charges to be paid by Tenant, Tenant shall pay to
Landlord, upon demand, any and all taxes payable by Landlord (other than Excluded Taxes), whether or not now customary or within the contemplation of the parties hereto: (a) upon, allocable to, or measured by the Rent payable hereunder,
including any gross receipts tax or excise tax levied by any governmental or taxing body with respect to the receipt of such Rent; or (b) upon or with respect to the possession, leasing, operation, management, maintenance, alteration, repair,
use or occupancy by Tenant of the Premises or any portion thereof; or (c) upon the measured value of Tenant’s personal property located in the Premises or in any storeroom or any other place in the Premises or the Property, or the areas
used in connection with the operation of the Property, it being the intention of Landlord and Tenant that, to the extent possible, such personal property taxes shall be billed to and paid directly by Tenant; (d) resulting from any Tenant Work
or Tenant Alterations, whether title thereto is in Landlord or Tenant; or (e) upon this transaction. Taxes or supplemental taxes paid by Tenant pursuant to this Section 4.4 shall not be included in any computation of Taxes payable pursuant
to Sections 4.1 and 4.2, but the standard property management fees shall apply to any such payments. 
 ARTICLE 5 

SECURITY 
 (a)
Simultaneously with Tenant’s execution and delivery of this Lease to Landlord, Tenant shall pay Landlord in immediately available funds the cash amount of the Additional Security Deposit set forth in Section l. l(l 0) of this Lease, which
Additional Security Deposit, plus the amount held under the Existing Lease (as set forth in Section 1.1(10)), Landlord shall hold under this Lease for the full and faithful performance by Tenant of each and every term, provision, covenant, and
condition of this Lease. If Tenant fails to perform any of the terms, provisions, covenants and conditions of this Lease or any other document executed by Tenant in connection with this Lease beyond any applicable notice or cure period, then
Landlord may use, apply, or retain the whole or any part of the Security Deposit for the payment of any Rent not paid when due, for the cost of repairing any damage, for the cost of cleaning the Premises, for the payment of any other sum which
Landlord may expend or may be required to expend by reason of Tenant’s failure to perform, and otherwise for compensation of Landlord for any other loss or damage to Landlord occasioned by Tenant’s failure to perform, including, but not
limited to, any loss of future Rent and any damage or deficiency in the reletting of the Premises (whether such loss, damages or deficiency accrue before or after summary proceedings or other reentry by Landlord) and the amount of the unpaid past
Rent, future Rent loss, and all other losses, costs and damages, that Landlord would be entitled to recover if Landlord were to pursue recovery under Section 1 1.2(b) or (c) of this Lease or California Civil Code Section 1951.2 or
1951.4 (and any supplements, amendments, replacements and substitutions thereof and therefor from time to time). If Landlord so uses, applies or retains all or part of the Security Deposit, Tenant shall within five (5) Business Days after
demand pay or deliver to Landlord in immediately available funds the sum necessary to replace the amount used, applied or retained. The Security Deposit (except any amount retained for application by Landlord as provided herein) shall be returned to
Tenant within thirty (30) days after the later of: (i) the Termination Date or (ii) recovery of possession of the Premises by Landlord; provided, however, in no event shall any such return be construed as an admission by Landlord that
Tenant has performed all of its obligations hereunder. 

  
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 (b) The Security Deposit shall not be deemed an advance rent deposit or an advance payment
of any kind, or a measure of Landlord’s damages with respect to Tenant’s failure to perform, nor shall any action or inaction of Landlord with respect to it or its use or application be a waiver of, or bar or defense to, enforcement of any
right or remedy of Landlord. Landlord shall not be required to keep the Security Deposit separate from its general funds and shall not have any fiduciary duties or other duties (except as set forth in this Section) concerning the Security Deposit.
Tenant shall not be entitled to any interest on the Security Deposit. In the event of any sale or other transfer of Landlord’s interest in the Building, Landlord shall have the right to transfer the Security Deposit, or balance thereof, to the
transferee and any such transfer shall release Landlord from all liability for the return of the Security Deposit if the Security Deposit is actually transferred to the purchaser of Landlord’s interest in the Building and such purchaser assumes
Landlord’s obligations under this Article 5. Tenant thereafter shall look solely to such transferee for the return or payment of the Security Deposit. Tenant shall not assign or encumber or attempt to assign or encumber the Security Deposit or
any interest in it and Landlord shall not be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance, and regardless of one or more assignments of this Lease, Landlord may return the Security Deposit to the original
Tenant without liability to any assignee. Tenant hereby waives any and all rights of Tenant under the provisions of Section 1950.7 of the California Civil Code, and any and all rights of Tenant under all provisions of Law, now or hereafter
enacted, regarding security deposits. 
 ARTICLE 6 

SERVICES 
 6.1 LANDLORD’S GENERAL
SERVICES 
 (a) Landlord shall furnish the following services the cost of which services shall be included in Operating Expenses or paid
directly by Tenant to the utility or service provider: 
 (1) heat, ventilation and air-conditioning (“HVAC”) in the Premises
during Standard Operating Hours as necessary in Landlord’s reasonable judgment for the comfortable occupancy of the Premises under normal business office and laboratory operations, and outside of Standard Operating Hours, HVAC shall be set to
minimum safe setback levels for laboratory operations, subject to compliance with all applicable voluntary and mandatory regulations and Lav.rs; 

(2) tempered and cold water for normal and customary use in the Premises and in lavatories in common with other tenants from the regular supply
of the Building; 
 (3) customary cleaning and janitorial services in the Common Areas five (5) days per week, excluding National
Holidays; and 
 (4) washing of the outside windows in the Premises weather permitting at intervals determined by Landlord. 

(b) Landlord shall provide a security program for the Building (but not individually for Tenant or the Premises), the cost of which program
shall be an Operating Expense. Landlord shall not be liable in any manner to Tenant or any other Tenant Parties for any acts (including criminal acts) of others, or for any direct, indirect, or consequential damages, or any injury or damage to, or
interference with, Tenant’s business, including, but not limited to, loss of profits, loss of rents or other revenues, loss of business opportunity, loss of goodwill or loss of use, or other loss or damage, bodily injury or death, related to
any malfunction, circumvention or other failure of any security program, or for the failure of any security program to prevent bodily injury, death, or property damage, or loss, or to apprehend any person suspected of causing such injury, death,
damage or loss. 
 (c) If Tenant uses heat generating machines or equipment in the Premises to an extent which adversely affects the
temperature otherwise maintained by the air-cooling system or whenever the occupancy or electrical load adversely affects the temperature otherwise maintained by the air-cooling system, Landlord reserves the right to install or to require Tenant to
install supplementary air-conditioning units in the Premises. Tenant shall bear all costs and expenses related to the installation, maintenance and operation of such units. 

(d) Tenant shall pay Landlord at rates fixed by Landlord for all tenants in the Building, charges for all water furnished to the Premises
beyond that described in Section 6.1(a)(2) (if any), including the expenses of installation of a water line, meter and fixtures. 

  
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 (e) Commencing on the Commencement Date and throughout the remainder of the Term, Tenant
shall continue to have the exclusive right to connect to Landlord’s generator located in the East Lot (the “Generator”), which Generator is solely for the purpose of providing emergency electrical capacity to the Premises, subject to
the following terms and conditions: 
 (1) Tenant’s access to the Generator shall be limited to such times, rules and regulations as
Landlord may reasonably impose. Tenant shall be solely responsible for obtaining all necessary governmental and regulatory approvals, if any, required in order for Tenant to connect to the Generator. Tenant shall install a submeter, at Tenant’s
cost, to measure the electricity consumed by Tenant in connection with Tenant’s use of the Generator. Tenant’s use of the Tenant’s use of the Generator is not guaranteed and Landlord shall not be in default of this Lease in the event
Tenant is unable to use the Generator. 
 (2) Landlord shall repair and maintain the Generator, and Tenant shall pay one hundred percent
(100%) of the cost of such repair and maintenance. All such costs shall be deemed Rent under the Lease and shall be payable upon demand. 

(3) Tenant hereby agrees that Tenant’s connection to the Generator and its use of the Generator is at Tenant’s sole risk, and Tenant
hereby agrees that Landlord and the Indemnitees shall not be liable for, and Tenant hereby waives and releases all claims for loss or damage to Tenant’s business or damage to person or property sustained by Tenant or any person claiming by,
through or under Tenant, including Tenant’s principals, agents, contactors and employees, resulting from Tenant’s use of the Generator or connection to same, the failure of the Generator to operate properly, or the interruption or
cessation of electrical service from the Generator. 
 (4) Landlord may revoke Tenant’s right to connect to and use the Generator as
granted herein if Landlord determines, in its sole discretion, that (i) Tenant’s use of the Generator exceeds the capacity of the Generator, or (ii) Tenant is failing to perform its obligations with respect to the Generator, as
described in this Section 6.1(e), in a timely manner. Such revocation shall be by written notice and, upon receipt of such notice, Tenant shall have thirty (30) days to remedy the issue(s) stated in Landlord’s written notice. In the
event the Tenant cannot remedy such issue(s) within such 30-day period, Landlord, at Tenant’s sole cost and expense, shall disconnect the Generator infrastructure servicing the Premises. 

6.2 UTILITIES AND JANITORIAL SERVICES 
 All
utility services used in the production of heating and cooling and air supply and exhaust from the central HVAC systems serving the Building and Premises, including, without limitation, electricity and gas, as well as water and sewer services, shall
constitute Operating Expenses on the terms provided in the definition of Operating Expenses set forth above. All utility services used by Tenant within the Premises, including, without limitation, electricity and gas, shall be paid for by Tenant
either through a separate charge or as part of Operating Expenses. Such charges shall be based upon Tenant’s usage, which usage: (a) as to electricity, other than overhead lighting, shall be measured by a separate meter or sub-meter to be
installed as part of the Tenant Work, and paid by Tenant within fifteen (15) days after billing as additional Rent under this Lease; and (b) as to all other utilities, shall either be reasonably estimated by Landlord and paid by Tenant
within fifteen (15) days after billing as additional Rent under this Lease or included in Operating Expenses. In addition, Tenant shall provide its own janitorial services to the Premises, using a janitorial service reasonably acceptable to
Landlord or shall make arrangements with Landlord for Landlord, through Landlord’s vendors, to perform such Premises cleaning services, and shall pay the costs thereof directly to Landlord. Notwithstanding any provision of this Lease to the
contrary, Tenant shall not make any alterations or additions to the electric equipment or systems in the Premises, in each instance, without the prior written approval of Landlord, which approval shall not be unreasonably withheld, conditioned or
delayed so long as such alterations or additions (i) do not exceed the capacity of the wiring, feeders and risers in the Premises and (ii) are in compliance with the City’s building code. Tenant’s use of electric current shall at
no time exceed the capacity of the wiring, feeders and risers providing electric current to the Premises or the Building. The consent of Landlord to the installation of electric equipment shall not relieve Tenant from the obligation to limit usage
of electricity to no more than such capacity. 

  
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6.3 ADDITIONAL AND AFTER HOUR SERVICES 
 At Tenant’s written request,
Landlord shall furnish additional quantities of any of the services or utilities specified in Section 6.1, if Landlord can reasonably do so, on the terms set forth herein. For services or utilities requested by Tenant and furnished by Landlord,
Tenant shall pay to Landlord as a charge therefor Landlord’s prevailing rates charged from time to time for such services and utilities, as additional Rent under this Lease. Without limiting the generality of the foregoing, for HVAC service
outside of Standard Operating Hours, Landlord’s prevailing rate as of the date of this Lease includes a one (I) hour minimum per activation. If Tenant shall fail to make any such payment, Landlord may, upon notice to Tenant and in addition
to Landlord’s other remedies under this Lease, discontinue any or all of such additional services. 
 6.4 TELEPHONE SERVICES 

All telephone and communication connections which Tenant may desire shall be subject to Landlord’s prior written approval, in
Landlord’s reasonable discretion, and the location of all Cables and the work in connection therewith shall be performed by contractors approved by Landlord and shall be subject to the direction of Landlord, except that such approval is not
required as to Tenant’s telephone equipment (including Cables) within the Premises and from the Premises in a route designated by Landlord to any telephone cabinet or panel provided (as existing) on Tenant’s floor for Tenant’s
connection to the Cables serving the Building so long as Tenant’s equipment does not require connections different than or additional to those to the telephone cabinet or panel provided. Except to the extent of such Cables within the Premises
or from the Premises to such telephone cabinet or panel, Landlord reserves the right to designate and control the entity or entities providing Cable installation, removal, repair and maintenance in the Building and to restrict and control access to
telephone cabinets or panels. In the event Landlord designates a particular vendor or vendors to provide such Cable installation, removal, repair and maintenance for the Building, Tenant agrees to abide by and participate in such program. Tenant
shall be responsible for and shall pay, as additional Rent under this Lease, all costs incurred in connection with the installation of Cables in the Premises, including any hook-up, access and maintenance fees related to the installation of such
Cables in the Premises and the commencement of service therein, and the maintenance thereafter of such Cables; and there shall be included in Operating Expenses for the Building all installation, removal, hook-up or maintenance costs incurred by
Landlord in connection with Cables serving the Building which are not allocable to any individual users of such service but are allocable to the Building generally. If Tenant fails to maintain all Cables in the Premises and such failure affects or
interferes with the operation or maintenance of any other Cables serving the Building, Landlord or any vendor hired by Landlord may enter into and upon the Premises forthwith and perform such repairs, restorations or alterations as Landlord deems
necessary in order to eliminate any such interference (and Landlord may recover from Tenant all of Landlord’s costs in connection therewith). If required by Landlord, no later than the Termination Date Tenant shall remove all Cables installed
by Tenant for and during Tenant’s occupancy. Tenant agrees that neither Landlord nor any of its agents or employees shall be liable to Tenant, or any of Tenant’s employees, agents, customers or invitees or anyone claiming through, by or
under Tenant, for any damages, injuries, losses, expenses, claims or causes of action because of any interruption, diminution, delay or discontinuance at any time for any reason in the furnishing of any telephone or other communication service to
the Premises and the Building. 
 6.5 DELAYS IN FURNISHING SERVICES 

Tenant agrees that Landlord shall not be in breach of this Lease nor be liable to Tenant for damages or otherwise, for any failure to furnish,
or a delay in furnishing, or a change in the quantity or character of any service when such failure, delay or change is occasioned, in whole or in part, by repairs, improvements or mechanical breakdowns, by the act or default of Tenant or other
parties or by an event of Force Majeure. No such failure, delay or change shall be deemed to be an eviction or disturbance of Tenant’s use and possession of the Premises, or relieve Tenant from paying Rent or from performing any other
obligations of Tenant under this Lease, without any deduction or offset, except as otherwise provided in this Section 6.5. Failure to any extent to make available, or any slowdown, stoppage, or interruption of, the specified utility services
resulting from any cause, including changes in service provider or Landlord’s compliance with any voluntary or similar governmental or business guidelines now or hereafter published or any requirements now or hereafter established by any
governmental agency, board, or bureau having jurisdiction over the operation of the Property, shall not render Landlord liable in any respect for damages to either persons, property, or business, nor be construed as an eviction of Tenant or work an
abatement of Rent, nor relieve Tenant of Tenant’s obligations for fulfillment of any covenant or agreement hereof. Should any equipment or machinery furnished by Landlord break down or for any cause cease to function properly, Landlord shall
use reasonable diligence to repair same promptly, but Tenant shall have no claim for abatement of Rent or damages on 

  
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account of any interruption of service occasioned thereby or resulting therefrom. Notwithstanding anything to the contrary in the foregoing, if Tenant is unable to use the Premises as a result of
an interruption in service, and if any such interruption (i) continues for five (5) consecutive Business Days following Tenant’s delivery to Landlord of notice of such interruption, (ii) is caused by the negligence of Landlord or
any of its agents, employees, contractors, vendors or licensees, and the cure of same is within the reasonable control of Landlord (and is not attributable to any acts or omissions of Tenant or any third party or to Force Majeure),
(iii) materially and adversely affects Tenant’s ability to conduct business in the Premises, or any material portion thereof, and (iv) on account of such interruption Tenant ceases doing business in the Premises, Rent shall thereafter
abate to the extent the Premises are rendered unusable and are actually not used by Tenant as a result thereof, commencing on the sixth (6th) Business Day following Tenant’s notice hereunder and continuing for the remainder of the
interruption. Tenant hereby waives any benefits of any applicable existing or future Law, including the provisions of California Civil Code section 1932(1), permitting the termination of this Lease due to such interruption, failure or inability.

 6.6 CHOICE OF SERVICE PROVIDER 

Tenant acknowledges that Landlord may, at Landlord’s sole option, to the extent permitted by applicable Law, elect to change, from time to
time, the company or companies which provide services (including electrical service, gas service, water, telephone and technical services) to the Building, the Premises and/or its occupants. Notwithstanding anything to the contrary set forth in this
Lease, Tenant acknowledges that Landlord has not and does not make any representations or warranties concerning the identity or identities of the company or companies which provide services to the Building and the Premises or its occupants, and
Tenant acknowledges that the choice of service providers and matters concerning the engagement and termination thereof shall be solely that of Landlord. The foregoing provision is not intended to modify, amend, change or otherwise derogate any
provision of this Lease concerning the nature or type of service to be provided or any specific information concerning the amount thereof to be provided. Tenant agrees to cooperate with Landlord and each of its service providers in connection with
any change in service or provider. 
 6.7 SIGNAGE 

(a) Standard Signage. Initial Building standard signage for Tenant will be installed by Landlord in the directory in the main lobby of
the Building and, in the case of any multi-tenant floor, in the listing of tenants in the lobby for the floor on which the Premises is located and at Tenant’s main entry door to the Premises, all at Tenant’s sole cost and expense. Any
change in such initial signage shall be only with Landlord’s prior written consent, shall conform to Building standard signage and shall be at Tenant’s sole cost and expense. 

(b) Exterior Signs. In addition to the signage identified in Section 6.7(a) above, Tenant shall, in accordance with the Aquatic
Park Center Campus signage program (the “Aquatic Park Center Campus Signage Program”), continue to have the exclusive right to keep and maintain a sign panel displaying Tenant’s trade name on the monument sign located at the southeast
corner of the Project (i.e., Ninth and Potter) (the “Exclusive Monument Sign”) and the non-exclusive right to keep and maintain a sign panel displaying Tenant’s trade name on the monument signs located at Seventh and Potter and
Seventh and Anthony, respectively (the “Non-Exclusive Monument Sign”, and collectively with the Exclusive Monument Sign, the “Monument Signs”). Landlord shall have no obligation to Tenant with respect to the adequacy or condition
of the existing Monument Sign structures except ordinary repairs and maintenance of the structure containing the Non-Exclusive Monument Sign, and Landlord has not made any warranty or representation of any kind to Tenant regarding the condition of
the existing Monument Sign structures. Notwithstanding anything to the contrary contained in this Lease, and in addition to the maintenance and repair obligations of Tenant set forth in Section 8.2 of this Lease, any and all maintenance and
repair relating to Tenant’s sign panels on the Monument Signs, and the structure containing the Exclusive Monument Sign (including, without limitation, upgrading such structure to conform to the Aquatic Park Center Campus Signage Program),
shall be the sole responsibility of Tenant and at Tenant’s sole cost. Notwithstanding anything to the contrary contained herein, Tenant’s rights under this Section 6.7 are personal to the Named Tenant and any Permitted Transferee and
shall not be assigned or assignable, in whole or in part, to any third party other than a Permitted Transferee. 

  
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 ARTICLE 7 

USE OF PREMISES; LANDLORD’S ACCESS RIGHTS 

7.1 USE OF PREMISES 
 (a) Tenant shall
occupy and use the Premises only for the uses specified in Section 1.1(11)) to conduct Tenant’s business. Tenant shall not occupy or use the Premises (or permit the use or occupancy of the Premises) for any purpose or in any manner which:
(I) is unlawful or in violation of any Law or Hazardous Materials Law; (2) is prohibited by the terms and conditions of this Lease or the rules of the Building set forth in Article 18 hereof; (3) would create or continue a nuisance;
or (4) in any manner that will cause the Building or any part thereof not to conform with the Project’s Sustainability Practices or the certification of the Building’s core and shell issued pursuant to the applicable Green Building
Standards. 
 (b) If Tenant requests, Landlord shall provide Tenant with up to twelve (12) additional access card keys (in addition to
those possessed by Tenant as of the date of this Lease) the cost of which shall be paid by Tenant within ten (JO) days after Landlord’s demand therefor, and Tenant shall place a deposit for such cards with Landlord to cover lost cards or cards
which are not returned at the end of the Term (provided that Landlord shall return any deposit to Tenant less any amounts due for unreturned access cards). Landlord shall provide Tenant access to the Premises and parking areas 24 hours per day, 7
days per week and 365/366 days per year through such access card keys. 
 (c) Landlord and Tenant acknowledge that the Americans With
Disabilities Act of 1990 (42 U.S.C. §12101 et seq.) and regulations and guidelines promulgated thereunder, as all of the same may be amended and supplemented from time to time (collectively referred to herein as the “ADA”) establish
requirements for business operations, accessibility and barrier removal, and that such requirements may or may not apply to the Premises, the Building and the Project depending on, among other things: (I) whether Tenant’s business is
deemed a “public accommodation” or “commercial facility”, (2) whether such requirements are “readily achievable”, and (3) whether a given alteration affects a “primary function area” or triggers
“path of travel” requirements. The parties hereby agree that: (a) Landlord shall be responsible for ADA Title III compliance in the Common Areas, (b) Tenant shall be responsible for ADA Title III compliance in the Premises,
including any Leasehold Improvements or other work to be performed in the Premises under or in connection with this Lease, and (c) Landlord may perform, or require that Tenant perform, and Tenant shall be responsible for the cost of, ADA Title
III “path of travel” requirements triggered by Tenant Additions in the Premises. Tenant shall be solely responsible for requirements under Title I of the ADA relating to Tenant’s employees. 

(d) Landlord and Tenant agree to cooperate and use commercially reasonable efforts, at no cost or expense to Tenant (other than through
inclusion in Operating Expenses), to participate in traffic management programs generally applicable to businesses located in the City of Berkeley and Tenant shall encourage and support van, shuttle service, and carpooling by, and staggered and
flexible working hours for, its office workers and service employees to the extent determined by Tenant in its sole discretion. Neither this Section or any other provision of this Lease is intended to or shall create any rights or benefits in any
other person, firm, company, governmental entity or the public. 
 (e) Tenant agrees to reasonably cooperate with Landlord and lo comply at
no material cost to Tenant with any and all guidelines or controls concerning energy management and usage disclosure imposed upon Landlord by federal or state governmental organizations or by any energy conservation association to which Landlord is
a party or which is applicable to the Building, including, without limitation, the requirements of California’s Nonresidential Building Energy Use Disclosure Program, as more particularly specified in California Public Resources Code Sections
25402.10 et seq. and regulations adopted pursuant thereto. Further, Tenant hereby authorizes (and agrees that Landlord shall have the authority to authorize) any electric or gas utility company providing service to the Building to disclose from time
to time so much of the data collected and maintained by it regarding Tenant’s energy consumption data as may be necessary to cause the Building to participate in the ENERGY STAR®
Portfolio Manager system and similar programs; and Tenant further authorizes Landlord to disclose information concerning energy use by Tenant, either individually or in combination with the energy use of other tenants, as applicable as Landlord
determines to be necessary to comply with applicable Laws pertaining to the Building or Landlord’s ownership thereof. 

  
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 (f) Hazardous Materials. 

(1) Definitions. The following terms shall have the following meanings for purposes of this Lease: 

(i) “Biohazardous Materials” means any and all substances and materials defined or referred to as “medical waste,”
“biological waste,” “biohazardous waste,” “biohazardous material” or any other term of similar import under any Hazardous Materials Laws, including (but not limited to) California Health & Safety Code Sections
25105 et seq., and any regulations promulgated thereunder, as amended from time to time. 
 (ii) “Chemical Control Area Plan”
means that certain plan for the use and storage of Hazardous Materials in the Building created by Landlord and approved by the City, if any. 

(iii) “Environmental Condition” means the Release of any Hazardous Materials in, over, on, under, through, from or about the Project
(including, but not limited to, the Premises). 
 (iv) “Environmental Damages” means all claims, suits, judgments, damages,
losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of whatever kind or nature, contingent or otherwise, matured or unmatured, foreseeable or unforeseeable, arising out of or in connection with any Environmental Condition,
including, to the extent arising out of an Environmental Condition, without limitation: (A) damages for personal injury, or for injury or damage to the Project or natural resources occurring on or off the Project, including without limitation
(I) any claims brought by or on behalf of any person, (2) any loss of, lost use of, damage to or diminution in value of any Project or natural resource, and (3) costs of any investigation, remediation, removal, abatement, containment,
closure, restoration or monitoring work required by any federal, state or local governmental agency or political subdivision, or otherwise reasonably necessary to protect the public health or safety, whether on or off the Project;
(B) reasonable fees incurred for the services of attorneys, consultants, contractors, experts and laboratories in connection with the preparation of any feasibility studies, investigations or reports or the performance of any work described
above; (C) any liability to any third person or governmental agency to indemnify such person or agency for costs expended or liabilities incurred in connection with any items described in clause (A) or (B) above; (D) any fair
market or fair market rental value of the Project; and (E) the amount of any penalties, damages or costs a party is required to pay or incur in excess of that which the patty otherwise would reasonably have expected to pay or incur absent the
existence of the applicable Environmental Condition. 
 (v) “Handling” or “Handles”, when used with reference to any
substance or material, includes (but is not limited to) any receipt, storage, use, generation, Release, transportation, treatment or disposal of such substance or material. 

(vi) “Hazardous Materials” means any and all chemical, explosive, biohazardous, radioactive or otherwise toxic or hazardous
materials or hazardous wastes, including without limitation any asbestos-containing materials, PCB’s, CFCs, petroleum and derivatives thereof, Radioactive Materials, Biohazardous Materials, Hazardous Wastes, any other substances defined or
listed as or meeting the characteristics of a hazardous substance, hazardous material, Hazardous Waste, toxic substance, toxic waste, biohazardous material, biohazardous waste, biological waste, medical waste, radiation, radioactive substance,
radioactive waste, or other similar term, as applicable, under any law, statute, ordinance, code, rule, regulation, directive, order, condition or other written requirement enacted, promulgated or issued by any public officer or governmental or
quasi-governmental authority, whether now in force or hereafter in force at any time or from time to time to protect the environment or human health, and/or any mixed materials, substances or wastes containing more than one of the foregoing
categories of materials, substances or wastes. 
 (vii) “Hazardous Materials Laws” means, collectively, (A) the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. Sections 9601-9657, (B) the Hazardous Materials Transportation Act of 1975, 49 U.S.C. Sections 1801-1812, (C) the Resource Conservation and Recovery Act of 1976, 42
U.S.C. Sections 6901-6987 (together with any amendments thereto, any regulations thereunder and any amendments to any such regulations as in effect from time to time, “RCRA”), (D) the California Carpenter-Presley-Tanner Hazardous
Substance Account Act, California Health & Safety Code Sections 25300 et seq., (E) the Hazardous Materials Release Response Plans and Inventory Act, California Health & Safety Code Sections 25500 et seq., (F) the
California Hazardous Waste Control Law, California Health & Safety Code Sections 25100 et seq. (together with any amendments thereto, any regulations thereunder and any amendments to any such regulations as in

  
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effect from time to time, the “CHWCL”), (G) California Health & Safety Code Sections 25015- 25027.8, (H) any amendments to or successor statutes to any of the
foregoing, as adopted or enacted from time to time, (I) any regulations or amendments thereto promulgated pursuant to any of the foregoing from time to time, (J) any Laws relating to Biohazardous Materials, including (but not limited to)
any regulations or requirements with respect to the shipping, use, decontamination and disposal thereof, and (K) any other Law now or at any time hereafter in effect regulating, relating to or imposing liability or standards of conduct
concerning any Hazardous Materials, including (but not limited to) any requirements or conditions imposed pursuant to the terms of any orders, permits, licenses, registrations or operating plans issued or approved by any governmental or
quasi-governmental authority from time to time either on a Project-wide basis or in connection with any Handling of Hazardous Materials in, on or about the Premises or the Project. 

(viii) “Landlord’s Contamination” means any Hazardous Materials which exist in, on, under or in the vicinity of the Project as
of the date of this Lease or which migrate onto or beneath the Project after termination of this Lease or at any time after the date of this Lease are, Released on, in or under the Property due to the gross negligence or intentional misconduct of
Landlord and/or any of its agents, employees, contractors or vendors. Tenant shall not be required to pay any costs with respect to the remediation or abatement of Landlord’s Contamination. 

(ix) “Radioactive Materials” means (A) any and all substances and materials the Handling of which requires an approval,
consent, permit or license from the Nuclear Regulatory Commission, (B) any and all substances and materials the Handling of which requires a Radioactive Material License or other similar approval, consent, permit or license from the State of
California, and (C) any and all other substances and materials defined or referred to as “radiation,” a “radioactive material” or “radioactive waste,” or any other term of similar import under any Hazardous
Materials Laws, including (but not limited to) Title 26, California Code of Regulations Section 17-30100, and any statutes, regulations or other laws administered, enforced or promulgated by the Nuclear Regulatory Commission. 

(x) “Release” means any accidental or intentional spilling, leaking, pumping, pouring, emitting, discharging, injecting, escaping,
leaching, migrating, dumping or disposing into the air, land, surface water, groundwater or the environment (including without limitation the abandonment or discarding of receptacles containing any Hazardous Materials). 

(xi) “Tenant’s Contamination” means any Hazardous Material Release on or about the Property by Tenant and/or any agents,
employees, contractors, vendors, suppliers, licensees, subtenants, and invitees of Tenant (individually, a “Tenant Party” and collectively, “Tenant Parties”). 

(2) Handling of Hazardous Materials. The parties acknowledge that Tenant wishes and intends to use all or a portion of the Premises as a
bio-pharmaceutical research and development facility and otherwise for the conduct by Tenant of its business in accordance with the use specified in Section 1.1(11) above, that such use, as conducted or proposed to be conducted by Tenant,
includes the Handling of Hazardous Materials, and that Tenant shall therefore be permitted to engage in the Handling in the Premises of necessary and reasonable quantities of Hazardous Materials customarily used in or incidental to the operation of
a bio-pharmaceutical research, development, preparation and/or dispensing facility and the other business operations of Tenant in the manner conducted or proposed to be conducted by Tenant hereunder (“Permitted Hazardous Materials”),
provided that the Handling of such Permitted Hazardous Materials by all Tenant Parties shall at all times comply with and be subject to all provisions of this Lease and all Laws, including all Hazardous Materials Laws, and with Landlord’s
Chemical Control Area Plan for the Building, if any. Without limiting the generality of the foregoing, Tenant shall comply at all times with all Hazardous Materials Laws applicable to any aspect of Tenant’s use of the Premises and the Project
and of Tenant’s operations and activities in, on and about the Premises and the Project, and shall ensure at all times that Tenant’s Handling of Hazardous Materials in, on and about the Premises does not violate (x) the terms of any
governmental licenses or permits applicable to the Building (including, but not limited to, the Building Discharge Permit as defined below) or Premises or to Tenant’s Handling of any Hazardous Materials therein, or (y) any applicable
requirements or restrictions relating to the occupancy classification of the Building and the Premises. 

  
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 (3) Disposition or Emission of Hazardous Materials. Tenant shall not Release or
dispose of any Hazardous Materials, except to the extent authorized by permit, at the Premises or on the Project, but instead shall arrange for off-site disposal, under Tenant’s own name and EPA waste generator number (or other similar
identifying information issued or prescribed by any other governmental authority with respect to Radioactive Materials, Biohazardous Materials or any other Hazardous Materials) and at Tenant’s sole expense, in compliance with all applicable
Hazardous Materials Laws, with the Laboratory Rules and Regulations (defined below) and with all other applicable Laws and regulatory requirements. 

(4) Information Regarding Hazardous Materials. Tenant shall maintain and make available the following information and/or documentation
to Landlord in writing prior to the Commencement Date, and thereafter shall update and deliver to Landlord such information and/or documentation (x) annually, by no later than January 31st of each calendar year, (y) upon any material
change in Tenant’s Hazardous Materials inventory or in Tenant’s business operations involving Hazardous Materials, and (z) at such other times as Landlord may reasonably request in writing from time to time, which updates shall
reflect any material changes in such information and/or documentation: 
 (i) An inventory of all Hazardous Materials that Tenant receives,
uses, handles, generates, transports, stores, treats or disposes of from time to time, or at the time of preparation of such inventory proposes or expects to use, handle, generate, transport, store, treat or dispose of from time to time, in
connection with its operations at the Premises. Such inventory shall include, but shall separately identify, any Hazardous Wastes, Biohazardous Materials and Radioactive Materials covered by the foregoing description. If such inventory includes any
Biohazardous Materials, Tenant shall also disclose in writing to Landlord the Biosafety Level designation associated with the use of such materials. 

(ii) Copies of all then existing permits, licenses, registrations and other similar documents issued by any governmental or quasi-governmental
authority that authorize any Handling of Hazardous Materials in, on or about the Premises or the Project by any Tenant Party. 
 (iii) All
Material Safety Data Sheets (“MSDSs”), if any, required to be completed with respect to operations of Tenant at the Premises from time to time in accordance with Title 26, California Code of Regulations Section 8-5194 or 42 U.S.C.
Section 11021, or any amendments thereto. 
 (iv) All hazardous waste manifests (as defined in Title 26, California Code of Regulations
Section 22-66481), if any, that Tenant is required by Law to complete from time to time in connection with its operations at the Premises. 

(v) A copy of any “Hazardous Materials Business Plan” required from time to time with respect to Tenant’s operations at the
Premises pursuant to California Health & Safety Code Sections 25500 et seq., and any regulations promulgated thereunder, as amended from time to time, or in connection with Tenant’s application for a business license from the City. If
applicable law does not require Tenant to prepare a Hazardous Materials Business Plan, Tenant shall furnish to Landlord, within sixty (60) days after receipt of Landlord’s written request therefor, the information that would customarily be
contained in a Hazardous Materials Business Plan, including (but not limited to) information regarding Tenant’s Hazardous Materials inventories. The parties acknowledge that a Hazardous Materials Business Plan would ordinarily include an
emergency response plan, and that regardless of whether applicable Law requires Tenant or other tenants in the Building to prepare Hazardous Materials Business Plans, Landlord in its discretion may elect to prepare a coordinated emergency response
plan for the entire Building and/or for multiple buildings within the Campus (if and to the extent applicable). 
 (vi) Any
“Contingency Plans and Emergency Procedures” required of Tenant from time to time, in connection with its operations at the Premises, pursuant to Title 26, California Code of Regulations Sections 22-67140 et seq., and any amendments
thereto, and any “Training Programs and Records” required under Title 26, California Code of Regulations Section 22-66493, and any amendments thereto from time to time. Landlord in its discretion may elect to prepare a Contingency
Plan and Emergency Procedures for the entire Building and/or for multiple buildings within the Campus, in which event, if applicable law does not require Tenant to prepare a Contingency Plan and Emergency Procedures for its operations at the
Premises, Tenant shall furnish to Landlord, within sixty (60) days after receipt of Landlord’s written request therefor, that would customarily be contained in a Contingency Plan and Emergency Procedures. 

  
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 (vii) Copies of any biennial or other periodic reports furnished or required to be
furnished to the California Department of Health Services from time to time pursuant to Title 26, California Code of Regulations Section 22-66493 and any amendments thereto, relating to any Hazardous Materials Handled by Tenant. 

(viii) Copies of any industrial wastewater discharge permits issued to or held by Tenant from time to time in connection with its operations
at the Premises (the parties presently anticipate, however, that because of the existence of the Building Discharge Permit in Landlord’s name as described above, Tenant will not be required to maintain a separate, individual discharge permit).

 (ix) Copies of any other lists, reports, studies, or inventories of Hazardous Materials or of any subcategories of materials included in
Hazardous Materials that Tenant is otherwise required to prepare and file from time to time with any governmental or quasi- governmental authority in connection with Tenant’s operations at the Premises,
including (but not limited to) reports filed by Tenant with the federal Food & Drug Administration or any other regulatory authorities primarily in connection with the presence (or lack thereof) of any “select agents” or other
Biohazardous Materials on the Premises, together with proof of filing thereof. 
 (x) Any other information reasonably requested by Landlord
in writing from time to time in connection with (A) Landlord’s monitoring (in Landlord’s reasonable discretion) and enforcement of Tenant’s obligations under this Section and of compliance with applicable Laws in connection with
any Handling or Release of Hazardous Materials in the Premises or Building or on or about the Project by any Tenant Party, (B) any inspections or enforcement actions by any governmental authority pursuant to any Hazardous Materials Laws or any
other Laws relating to the presence or Handling of Hazardous Materials in the Premises or Building or on or about the Project by any Tenant Party, and/or (C) Landlord’s preparation (in Landlord’s discretion) and enforcement of any
reasonable rules and procedures relating to the presence or Handling by Tenant or any Tenant Patty of Hazardous Materials in the Premises or Building or on or about the Project, including (but not limited to) any contingency plans or emergency
response plans as described above. Except as otherwise required by Law, Landlord shall keep confidential any information supplied to Landlord by Tenant pursuant to the foregoing, provided, however, that the foregoing shall not apply to any
information filed with any governmental authority or available to the public at large. Landlord may provide such information to its lenders, consultants or investors provided such entities agree to keep such information confidential. 

(5) Indemnification; Notice of Release. Tenant shall be responsible for and shall indemnify, defend and hold Landlord harmless from and
against all Environmental Damages to the extent arising out of or otherwise relating to (i) any Handling of Hazardous Materials by any Tenant Party in, on or about the Premises or the Project in violation of this Section, (ii) any breach
of Tenant’s obligations under this Section or of any Hazardous Materials Laws by any Tenant Party, or (iii) the existence of any Tenant’s Contamination in, on or about the Premises or the Project to the extent caused by any Tenant
Patty, including without limitation any removal, cleanup or restoration work and materials necessary to return the Project or any improvements of whatever nature located on the Project to the condition existing prior to the Handling of Hazardous
Materials in, on or about the Premises or the Project by any Tenant Party. In the event of any Tenant’s Contamination in, on or about the Premises or any other portion of the Project or any adjacent lands, Tenant shall promptly remedy the
problem in accordance with all applicable Hazardous Materials Laws, shall give Landlord oral notice of any such non-standard or noncustomer Release promptly after Tenant becomes aware of such Release, followed by written notice to Landlord within
five (5) days after Tenant becomes aware of such Release, and shall furnish Landlord with concurrent copies of any and all notices, reports and other written materials filed by any Tenant Party with any governmental authority in connection with
such Release. Tenant shall have no obligation to remedy any Hazardous Materials contamination which was not caused by a Tenant Party. 
 (6)
Landlord Obligations. Landlord shall be responsible for and shall indemnify, defend and hold Tenant harmless from and against all Environmental Damages which arise during the Term, as a result of the presence of, any Release of or the
Handling of any Hazardous Material in, on, about or under the Building or Property whether occurring before or after the date of this Lease, except to the extent provided for in this Section 7.1(f), and shall abate any Hazardous Materials if
and to the extent required by an governmental agency exercising jurisdiction over the Property; provided that Tenant shall have the burden of reasonably demonstrating that such Hazardous Materials were not of the type used by Tenant in the Building
or at the Project. Tenant shall be conclusively presumed to have met its burden to the extent that any Hazardous Materials are identified as being present in any environmental report or other data existing as of the Commencement Date and are not
used by Tenant. 

  
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 (7) Governmental Notices. Tenant shall promptly provide Landlord with copies of all
written notices received by Tenant during the Term relating to any actual or alleged presence or Handling by any Tenant Party of Hazardous Materials in, on or about the Premises or any other portion of the Project, including, without limitation, any
notice of violation, notice of responsibility or demand for action from any federal, state or local governmental authority or official in connection with any actual or alleged presence or Handling by any Tenant Party of Hazardous Materials in or
about the Premises or any other portion of the Project. 
 (8) Inspection by Landlord. In addition to, and not in limitation of,
Landlord’s rights under this Lease, upon reasonable prior request by Landlord, Tenant shall grant Landlord and its consultants, as well as any governmental authorities having jurisdiction over the Premises or over any aspect of Tenant’s
use thereof, reasonable access to the Premises at reasonable times to inspect Tenant’s Handling of Hazardous Materials in, on and about the Premises, and Landlord shall not thereby incur any liability to Tenant or be deemed guilty of any
disturbance of Tenant’s use or possession of the Premises by reason of such entry; provided, however, that Landlord shall use reasonable efforts to minimize interference with Tenant’s use of the Premises caused by such entry. Landlord
shall comply with any security precaution reasonably imposed by Tenant during any entry onto the Premises and shall minimize to the extent reasonably possible any interference with Tenant’s use of the Premises caused by such entry.
Notwithstanding Landlord’s rights of inspection and review of documents, materials and physical conditions under this Section with respect to Tenant’s Handling of Hazardous Materials, Landlord shall have no duty or obligation to perform
any such inspection or review or to monitor in any way any documents, materials, physical conditions or compliance with Laws in connection with Tenant’s Handling of Hazardous Materials, and no third Party shall be entitled to rely on Landlord
to conduct any such inspection, review or monitoring by reason of the provisions of this Section. 
 (9) Monitoring by Landlord.
Landlord reserves the right to monitor, in Landlord’s reasonable discretion and at Landlord’s cost, the reasonable cost of which shall be recoverable as an Operating Expense (except in the case of a breach of any of Tenant’s
obligations under this Section, in which event such monitoring costs may be charged back entirely to Tenant and shall be reimbursed by Tenant to Landlord within ten (I 0) days after written demand by Landlord from time to time, accompanied by
supporting documentation reasonably evidencing the costs for which such reimbursement is claimed), at such times and from time to time as Landlord in its reasonable discretion may determine, through consultants engaged by Landlord or otherwise as
Landlord in its reasonable discretion may determine: (x) all aqueous and atmospheric discharges and emissions from the Premises during the Term by a Tenant Party, (y) Tenant’s compliance and the collective compliance of all tenants in
the Building with requirements and restrictions relating to the occupancy classification of the Building (including, but not limited to, Hazardous Materials inventory levels of Tenant and all other tenants in the Building), and
(z) Tenant’s compliance with all other requirements of this Section. 
 (10) Discovery of Discharge. If Landlord, Tenant or
any governmental or quasi- governmental authority discovers any Release from the Premises during the Term by a Tenant Party in violation of this Section that, in Landlord’s reasonable determination,
jeopardizes the ability of the Building or the Project to meet applicable Laws or otherwise adversely affects the Building’s or the Project’s compliance with applicable discharge or emission standards, or if Landlord discovers any other
breach of Tenant’s obligations under this Section, then upon receipt of written notice from Landlord or at such earlier time as Tenant obtains actual knowledge of the applicable discharge, emission or breach, Tenant at its sole expense shall
within a reasonable time (x) in the case of a Release in violation of this Lease, cease the applicable discharge or emission and remediate any continuing effects of the discharge or emission until such time, if any, as Tenant demonstrates to
Landlord’s reasonable satisfaction that the applicable discharge or emission is in compliance with all applicable Laws and any other applicable regulatory commitments and obligations to the satisfaction of the appropriate governmental agency
with jurisdiction over the Release, and (y) in the case of any other breach of Tenant’s obligations under this Section, take such corrective measures as Landlord may reasonably request in writing in order to cure or eliminate the breach as
promptly as practicable and to remediate any continuing effects of the breach. 

  
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 (11) Post-Occupancy Study. If Tenant or any Tenant Party Handles any Hazardous
Materials in, on or about the Premises or the Project during the Term, then no later than fifteen (15) days following the Termination Date, Tenant at its sole cost and expense, shall obtain and deliver to Landlord an environmental study,
performed by an expert reasonably satisfactory to Landlord, evaluating, the presence or absence of any Tenant’s Contamination in, on and about the Premises and the Project. Such study shall be based on a reasonable and prudent level of tests
and investigations of the Premises and surrounding portions of the Project (if appropriate) which tests shall be conducted no earlier than fifteen (15) days prior to the Termination Date. Liability for any remedial actions required or
recommended on the basis of such study shall be allocated in accordance with the applicable provisions of this Lease. To the extent any such remedial actions are the responsibility of Tenant, Tenant at its sole expense shall promptly commence and
diligently pursue to completion the required remedial actions. 
 (12) Emergency Response Plans. If Landlord in its reasonable
discretion adopts any emergency response plan and/or any Contingency Plan and Emergency Procedures for the Building (and/or for multiple buildings within the Campus if and to the extent applicable) as contemplated above, Landlord shall provide
copies of any such plans and procedures to Tenant and, so long as such plans and procedures are reasonable and do not materially interfere with Tenant’s use or occupancy of or access to the Premises or any parking areas or materially increase
the cost of Tenant’s use or occupancy of the Premises, Tenant shall comply with all of the requirements of such plans and procedures to the extent applicable to Tenant and/or the Premises during the Term. If Landlord elects to adopt or
materially modify any such plans or procedures that apply to the Building during the Term, Landlord shall consult with Tenant and Tenant shall reasonably cooperate in the preparation of such plans, procedures or modifications in efforts to
accurately reflect and maintain consistency with Tenant’s operations in the Premises, but Landlord alone shall determine, in its good faith reasonable discretion, the appropriate scope of such consultation and nothing in this Subsection
(11) shall be construed to give Tenant any right of approval or disapproval over Landlord’s adoption or modification of any such plans or procedures nor shall any consultation or other input provided by Tenant be relied on by Landlord or
result in any liability to Tenant arising out of or in connection with such plans, procedures or modifications. 
 (13) Radioactive
Materials. Without limiting any other applicable provisions of this Section 7.1(f), if Tenant Handles or proposes to Handle any Radioactive Materials in or about the Premises, Tenant shall provide Landlord with copies of Tenant’s
licenses or permits for such Radioactive Materials and with copies of all radiation protection programs and procedures required under applicable Laws or otherwise adopted by Tenant from time to time in connection with Tenant’s Handling of such
Radioactive Materials. In addition, Tenant shall comply with any and all rules and procedures issued by Landlord in its good faith discretion from time to time with respect to the Handling of Radioactive Materials on the Project (such as, by way of
example but not limitation, rules implementing a label defacement program for decayed waste destined for common trash and/or rules relating to transportation and storage of Radioactive Materials on the Project), provided that such rules and
procedures shall be reasonable and not in conflict with any applicable Laws. 
 (14) Deemed Holdover Occupancy. Notwithstanding any
other provisions of this Lease, Tenant expressly agrees as follows: 
 (i) If Tenant Handles any Radioactive Materials in or about the
Premises or the Project during the Tern, then for so long as any license or permit relating to such Radioactive Materials remains open or valid following the Termination Date, and another entity handling Radioactive Materials which is a prospective
tenant of Landlord is legally prohibited from occupying a portion of the Premises for a use similar to the Permitted Use, then Tenant shall be deemed to be occupying that portion of the Premises on a holdover basis without Landlord’s consent
(notwithstanding such otherwise applicable termination or expiration of the Term) and shall be required to continue to pay Rent and other charges in accordance with Article 13 solely for that portion of the Premises effected by the radioactive
materials license, until such time as all such Radioactive Materials licenses and permits have been fully closed out in accordance with the requirements of this Lease and with all applicable Hazardous Materials Laws and other Laws. 

(ii) If Tenant Handles any Hazardous Materials in or about the Premises or the Project during the Term and, on or before the Termination Date,
has failed to remove from the Premises or the Project all known Hazardous Materials Handled by a Tenant Party or has failed to complete any remediation or removal of Tenant’s Contamination and/or to have fully remediated in compliance with the
requirements of this Lease and with all applicable Hazardous Materials Laws and any other applicable Laws, the Tenant’s Handling and/or Release (if applicable) of any such Hazardous Materials during the Term, then for so long as such
circumstances continue to 

  
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exist, Tenant shall be deemed to be occupying the Premises on a holdover basis without Landlord’s consent (notwithstanding such otherwise applicable termination or expiration of the Term)
and shall be required to continue to pay Rent and other charges in accordance with Article 13 until such time as all such circumstances have been fully resolved in accordance with the requirements of this Lease and with all applicable Hazardous
Materials Laws and other Laws. 
 (15) Survival of Obligations. Each party’s obligations under this Section 7.1(f) shall
survive the Termination Date and shall survive any conveyance by Landlord of its interest in the Premises. The provisions of this Section 7.1(f) and any exercise by either party of any of the rights and remedies contained herein shall be
without prejudice to any other rights and remedies that such party may have under this Lease or under applicable Law with respect to any Environmental Conditions and/or any Hazardous Materials. Either party’s exercise or failure to exercise, at
any time or from time to time, any or all of the rights granted in this Section 7.1(f) shall not in any way impose any liability on such party or shift from the other party to such party any responsibility or obligation imposed upon the other
party under this Lease, Hazardous Materials Laws or other Laws. 
 (16) Laboratory Rules and Regulations. Tenant agrees for itself and
for its subtenants, employees, agents, and invitees to comply with the laboratory rules and regulations (“Laboratory Rules and Regulations”) attached to this Lease as Exhibit C-1 and with all reasonable modifications and additions
thereto which Landlord may make from time to time. 
 (17) Suite 120. Landlord hereby represents that, to Landlord’s actual
knowledge, as of the Commencement Date, Suite 120 will have been decontaminated and decommissioned per industry standards by a 3rd party vendor. Should Tenant determine that there is any noncompliance with the foregoing representation and provide
Landlord with a written notice thereof, Landlord shall promptly after receipt of written notice from Tenant setting forth with specificity the nature and extent of such noncompliance, rectify the same at Landlord’s expense; such noncompliance
shall not, however, entitle Tenant to an abatement of rent or to terminate this Lease, or otherwise release Tenant from any of Tenant’s obligations under this Lease. 

7.2 LANDLORD ACCESS TO PREMISES; APPROVALS 

(a) Tenant shall permit Landlord to erect, use and maintain pipes, ducts, wiring and conduits in and through the utility raceways in the
Premises, so long as Tenant’s use, layout or design of the Premises is not materially affected or altered. Landlord or Landlord’s agents shall have the right to enter upon the Premises in the event of an emergency, or to inspect the
Premises, to perform any services required hereunder, to conduct safety and other testing in the Premises and to make such repairs, alterations, improvements or additions to the Premises or the Building or other parts of the Property as Landlord may
deem necessary or desirable (including all alterations, improvements and additions in connection with a change in service provider or providers). Any entry or work by Landlord may be during Standard Operating Hours and Landlord shall use reasonable
efforts to ensure that any entry or work shall not materially interfere with Tenant’s occupancy of the Premises. 
 (b) Advance notice
shall not be required for entry in the event of an emergency, as reasonably determined by Landlord, but any other entry or work by Landlord shall be upon at least one (I) Business Day’s prior written notice to Tenant. Any entry by Landlord
or its agents shall not impair Tenant’s operations more than reasonably necessary, and shall comply with Tenant’s reasonable security measures, including, but not limited to, Tenant’s right to escort Landlord through the Premises. If
Tenant shall not be personally present to permit an entry into the Premises when for any reason an entry therein shall be necessary or permissible, Landlord (or Landlord’s agents), after attempting to notify Tenant (unless Landlord believes an
emergency situation exists), may enter the Premises without rendering Landlord or its agents liable therefor, and without relieving Tenant of any obligations under this Lease. 

(c) Landlord may enter the Premises for the purpose of conducting such inspections, tests and studies as Landlord may deem desirable or
necessary to confirm Tenant’s compliance with all Laws and Hazardous Materials Laws or for other purposes necessary in Landlord’s reasonable judgment to ensure the sound condition of the Property and the systems serving the Property.
Landlord’s rights under this Section 7.2(c) are for Landlord’s own protection only, and Landlord has not, and shall not be deemed to have assumed, any responsibility to Tenant or any other party as a result of the exercise or
non-exercise of such rights, for compliance with Laws or Hazardous Materials Laws or for the accuracy or sufficiency of any item or the quality or suitability of any item for its intended use. 

  
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 (d) Landlord may do any of the foregoing, or undertake any of the inspection or work
described in the preceding paragraphs without such action constituting an actual or constructive eviction of Tenant, in whole or in part, or giving rise to an abatement of Rent by reason of loss or interruption of business of Tenant, or otherwise.

 (e) The review, approval or consent of Landlord with respect to any item required or permitted under this Lease is for Landlord’s own
protection only, and Landlord has not, and shall not be deemed to have assumed, any responsibility to Tenant or any other patty, as a result of the exercise or non-exercise of such rights, for compliance with Laws or Hazardous Materials Laws or for
the accuracy or sufficiency of any item or the quality or suitability of any item for its intended use. 
 7.3 QUIET ENJOYMENT 

Landlord covenants, in lieu of any implied covenant of quiet enjoyment, that so long as Tenant is Tenant is not in default under this Lease
beyond the expiration of any notice, grace or cure period, Tenant shall have the right to quiet enjoyment of the Premises without hindrance or interference from Landlord or those claiming through Landlord, and subject to the covenants and conditions
set forth in this Lease and to the rights of any Mortgagee. 
 7.4 TRANSPORTATION DEMAND MANAGEMENT PROGRAM 

(a) Landlord may elect or may be required to develop and implement a Transportation Demand Management (“TDM”) program for the
Building in order to reduce the traffic-related impacts resulting from development of the Property. One element of any such TDM program may require tenants of the Building to adopt programs and offer incentives to their employees to reduce auto use
and support the increase of alternative modes of transit. The following arc examples of such programs and incentives: 
 (1) Alternative
commute subsidies and/or parking cash-out, where employees are provided with a subsidy if they use transit or commute by alternative modes; 

(2) Opportunities to purchase commuter checks which allow employees to purchase transit tickets at discounted rates from their before-tax
income; and 
 (3) Compressed work weeks and flex time where employees adjust their work schedules to reduce peak hour trips to/from the
Building. 
 (b) In order to support any such TDM program for the Building, Tenant agrees that it shall, to the extent required by Law, adopt
programs and offer incentives to its employees in order to reduce auto use and support the increase of alternative modes of transit. The specifics of Tenant’s programs and incentives shall be tailored to the needs of Tenant’s workforce and
shall be determined by Tenant in its sole discretion. Upon request by Landlord from time to time, but not more often than once per calendar year, Tenant shall provide to Landlord a written report summarizing the programs and incentives, if any,
being offered by Tenant to achieve the goals of the TDM program. 
 ARTICLE 8 

MAINTENANCE 
 8.1 LANDLORD’S
MAINTENANCE 
 Subject to the provisions of Articles 4 and 14 and Section 16.4, Landlord shall, as an Operating Expense, maintain
and make necessary repairs to the foundations, roofs, exterior walls, and the structural elements of the Building, the electrical, plumbing, heating, ventilating, air- conditioning, mechanical, communication,
security and the fire and life safety systems of the Building and those corridors, washrooms and lobbies which are Common Areas of the Building, except that: (a) Landlord shall not be responsible for the maintenance or repair of any floor or
wall coverings in the Premises or any of such systems which are located exclusively within the Premises and are supplemental or special to the Building’s standard systems; and (b) the cost of performing any of said maintenance or repairs
whether to the Premises or to the Building caused by the negligence of Tenant, its employees, agents, servants, licensees, subtenants, contractors or invitees, shall be paid by Tenant, subject to the waivers set forth in Section 16.4. Landlord
shall not be liable to Tenant for any expense, injury, loss or damage resulting from work done in or upon, or in connection with the use of, any adjacent or nearby building, land, street or alley. 

  
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 8.2 TENANT’S MAINTENANCE 

Tenant shall periodically inspect the Premises to identify any conditions that are dangerous or in need of maintenance, repair or replacement.
Subject to the provisions of Article 14 and Section 16.4, Tenant shall promptly provide Landlord with notice of any such conditions. Tenant shall, at its sole cost and expense, perform all maintenance, repair and replacement of the Premises
that are not Landlord’s express responsibility under this Lease, and keep the Premises in good condition and repair, reasonable wear and tear excepted. Tenant’s maintenance, repair and replacement obligations include, without limitation,
maintenance, repairs and replacements of: (a) floor covering; (b) interior partitions; (c) doors; (d) the interior side of demising walls; (e) electronic, phone and data cabling, wiring and related equipment that is
installed by or for the exclusive benefit of Tenant (collectively, “Cable”); (f) supplemental air conditioning units, kitchens, including hot water heaters, plumbing, and similar facilities exclusively serving Tenant; and
(g) Tenant Alterations. Landlord shall allocate one hundred percent (100%) of the cost (plus any applicable administration fees) of Landlord’s maintenance, repair or replacement of any Tenant Alterations (if such maintenance, repair
or replacement is requested by Tenant), or repairs or replacements required to areas outside of the Premises due to same, to Tenant as additional Rent under this Lease. All maintenance, repairs and replacements, including, but not limited to,
janitorial and cleaning services, pest control and waste management and recycling performed by or on behalf of Landlord or Tenant must comply with the Project’s Sustainability Practices and Tenant is strongly encouraged to comply with the
applicable Green Building Standards. If Tenant fails to make any repairs or replacements of the Premises under this Section 8.2 and the same shall constitute a Default under Section 11.1(e), Landlord may make the repairs or replacements,
and Tenant shall pay, as additional Rent under this Lease, the reasonable cost of the repairs or replacements, together with an administrative charge in an amount equal to 10% of the cost of the repairs or replacements. Tenant hereby waives all
right to make repairs or replacements at the expense of Landlord or in lieu thereof to vacate the Premises and its other similar rights as provided in California Civil Code Sections 1932(1), 1941 and 1942 or any other Laws (whether now or hereafter
in effect). In addition to the foregoing, Tenant shall be responsible for all costs in connection with maintaining, repairing and replacing all special tenant fixtures and improvements, including garbage disposals, showers, plumbing, water
filtration systems and appliances. If Tenant requests that Landlord maintain, repair and/or replace any such fixtures and improvements, Tenant shall reimburse Landlord for the cost of all such maintenance, repair and replacement work, plus an
administrative fee equal to 15% of such cost, as additional Rent under this Lease, and Landlord’s liability for such maintenance, repair and replacement work shall be subject to and limited by the provisions of Article 17 below. 

ARTICLE 9 
 ALTERATIONS AND
IMPROVEMENTS 
 9.1 TENANT ALTERATIONS 

(a) The following provisions shall apply to the completion of any Tenant Alterations: 

(1) Tenant shall not, except as provided herein, without the prior written consent of Landlord, which consent shall not be unreasonably
withheld, make or cause to be made any Tenant Alterations in or to the Premises or any Property systems serving the Premises. Prior to making any Tenant Alterations, Tenant shall give Landlord ten (I 0) days prior written notice (or such earlier
notice as would be necessary pursuant to applicable Law) to permit Landlord sufficient time to post appropriate notices of non-responsibility. Subject to all other requirements of this Article 9, Tenant may undertake Decoration work without
Landlord’s prior written consent. Tenant shall furnish Landlord with the names and addresses of all contractors and subcontractors and copies of all contracts. All Tenant Alterations shall be completed at such reasonable times and in such
manner as Landlord may from time to time designate, and only by contractors or mechanics approved by Landlord, which approval shall not be unreasonably withheld; provided, however, that Landlord may, in its sole discretion, specify the engineers and
contractors to perform all work relating to the Building’s systems (including the mechanical, heating, plumbing, security, ventilating, air-conditioning, electrical, communication and the fire and life safety systems in the Building). The
contractors, mechanics and engineers who may be used are further limited to those whose work will not cause or threaten to cause disharmony or interference with Landlord or other tenants in the Building and their respective agents and contractors

  
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performing work in or about the Building. Landlord may further condition its consent upon Tenant furnishing to Landlord and Landlord approving prior to the commencement of any work or delivery of
materials to the Premises related to the Tenant Alterations such of the following as specified by Landlord: architectural plans and specifications, opinions from Landlord’s engineers stating that the Tenant Alterations will not in any way
adversely affect the Building’s systems, necessary permits and licenses, certificates of insurance, and such other documents in such form reasonably requested by Landlord. Landlord may, in the exercise of reasonable judgment, request that
Tenant provide Landlord with appropriate evidence of Tenant’s ability to complete and pay for the completion of the Tenant Alterations such as a performance bond or letter of credit. Upon completion of the Tenant Alterations, Tenant shall
deliver to Landlord an as-built digitized set of plans and specifications for the Tenant Alterations in both protected document(“.pdf’’) and computer-aided design (“CAD”) formats. 

(2) Tenant shall pay the cost of all Tenant Alterations and the cost of decorating the Premises and any work to the Property occasioned
thereby. Upon completion of Tenant Alterations, Tenant shall furnish Landlord with contractors’ affidavits and full and final waivers of lien and receipted bills covering all labor and materials expended and used in connection therewith and
such other documentation reasonably requested by Landlord or Mortgagee. 
 (3) Tenant agrees to complete all Tenant Alterations (i) in
accordance with all Laws, Hazardous Materials Laws, all requirements of applicable insurance companies and in accordance with Landlord’s standard construction rules and regulations, (ii) in a good and workmanlike manner with the use of
good grades of materials, and (iii) in accordance with the requirements of the Project’s Sustainability Practices. Tenant is strongly encouraged to comply with the applicable Green Building Standards. Tenant shall notify Landlord
immediately if Tenant receives any notice of violation of any Law in connection with completion of any Tenant Alterations and shall immediately take such steps as are necessary to remedy such violation. In no event shall such supervision or right to
supervise by Landlord nor shall any approvals given by Landlord under this Lease constitute any warranty by Landlord to Tenant of the adequacy of the design, workmanship or quality of such work or materials for Tenant’s intended use or of
compliance with the requirements of Section 9.1(a)(3)(i) and (ii) above or impose any liability upon Landlord in connection with the performance of such work. 

(b) For any Tenant Alterations which Tenant requests Landlord to install, the forgoing provisions of this Section 9.1 shall apply;
provided, however, in addition to paying the cost of the Tenant Alterations, Tenant also shall pay an administrative fee equal to fifteen percent (15%) of such cost to Landlord, as additional Rent under this Lease, and Landlord’s liability
for such Tenant Alterations work shall be subject to and limited by the provisions of Article 17 below. All Tenant Additions, whether installed by Landlord or Tenant, shall without compensation or credit to Tenant, become part of the Premises and
the property of Landlord at the time of their installation and shall remain in the Premises, unless pursuant to Article 12, Tenant may remove them or is required to remove them at Landlord’s request. 

9.2 LIENS 
 Tenant shall not permit any
lien or claim for lien of any mechanic, laborer or supplier or any other lien to be filed against the Building, the Land, the Premises, or any other part of the Property arising out of work performed, or alleged to have been performed by, or at the
direction of, or on behalf of Tenant. If any such lien or claim for lien is filed, Tenant shall within ten (I 0) days after receiving notice of such lien or claim (a) have such lien or claim for lien released of record or (b) deliver to
Landlord a bond in form, content, amount, and issued by surety, satisfactory to Landlord, indemnifying, protecting, defending and holding harmless the Indemnitees against all costs and liabilities resulting from such lien or claim for lien and the
foreclosure or attempted foreclosure thereof. If Tenant fails to take any of the above actions, Landlord, in addition to its rights and remedies under Article 11, without investigating the validity of such lien or claim for lien, may pay or
discharge the same and Tenant shall, as payment of additional Rent hereunder, reimburse Landlord upon demand for the amount so paid by Landlord, including Landlord’s expenses and attorneys’ fees. 

  
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 ARTICLE 10 

ASSIGNMENT AND SUBLETTING 
 10.1
ASSIGNMENT AND SUBLETTING 
 (a) Without the prior written consent of Landlord, which consent of Landlord shall not be unreasonably
withheld, conditioned or delayed, Tenant may not sublease, assign, mortgage, pledge, hypothecate or otherwise transfer or permit the transfer of this Lease or the encumbering of Tenant’s interest therein in whole or in part, by operation of Law
or otherwise or permit the use or occupancy of the Premises, or any part thereof, by anyone other than Tenant. Tenant agrees that the provisions governing sublease and assignment set forth in this Article 10 shall be deemed to be reasonable. If
Tenant desires to enter into any sublease of the Premises or assignment of this Lease, Tenant shall deliver written notice thereof to Landlord (“Tenant’s Notice”), together with the identity of the proposed subtenant or assignee and
the proposed principal terms thereof and financial and other information sufficient for Landlord to make an informed judgment with respect to such proposed subtenant or assignee at least forty-five (45) days prior to the commencement date of
the term of the proposed sublease or assignment. If Tenant proposes to sublease less than all of the Rentable Area of the Premises, the space proposed to be sublet and the space retained by Tenant must each be a marketable unit as reasonably
determined by Landlord and otherwise in compliance with all Laws. Landlord shall notify Tenant in writing of its approval or disapproval of the proposed sublease or assignment or its decision to exercise its rights under Section 10.2 within
thirty (30) days after receipt of Tenant’s Notice (and all required information). In no event may Tenant sublease any portion of the Premises or assign the Lease to any other tenant of the Project. Tenant shall submit for Landlord’s
approval (which approval shall not be unreasonably withheld) any advertising which Tenant or its agents intend to use with respect to the space proposed to be sublet. 

(b) With respect to Landlord’s consent to an assignment or sublease, Landlord may take into consideration any factors that Landlord may
deem relevant, and the reasons for which Landlord’s denial shall be deemed to be reasonable shall include, without limitation, the following: 

(i) the creditworthiness of any proposed subtenant or assignee is not acceptable to Landlord; or 

(ii) in Landlord’s reasonable judgment the proposed assignee or sublessee would diminish the value or reputation of the Project, Campus
or Landlord; or 
 (iii) any proposed assignee’s or sublessee’s use of the Premises would violate Section 7.1 of this Lease
or would violate the provisions of any other leases of tenants in the Project; or 
 (iv) the proposed sublessee or assignee is a current
occupant of the Project or Campus or a bona fide prospective tenant of Landlord in the Project as demonstrated by a written proposal dated within six (6) months prior to the date of Tenant’s request and Landlord has vacancy in the Project
of a similar size and finish as the space subject to such proposed sublease or assignment; or 
 (v) the proposed sublessee or assignee
would materially increase the estimated pedestrian and vehicular traffic to and from the Premises and the Project above that reasonably deemed typical by Landlord for office/lab use in the Project; or 

(vi) Tenant is in Default under this Lease. 

(c) Any sublease or assignment shall be expressly subject to the terms and conditions of this Lease. Any subtenant or assignee shall execute
such documents as Landlord may reasonably require to evidence such subtenant or assignee’s assumption of the obligations and liabilities of Tenant under this Lease. Tenant shall deliver to Landlord a copy of all agreements executed by Tenant
and the proposed subtenant and assignee with respect to the Premises. Landlord’s approval of a sublease, assignment, hypothecation, transfer or third party use or occupancy shall not constitute a waiver of Tenant’s obligation to obtain
Landlord’s consent to further assignments or subleases, hypothecations, transfers or third party use or occupancy. 

  
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 (d) For purposes of this Article 10, an assignment shall be deemed to include a change in
the majority control of Tenant resulting from any transfer, sale or assignment of shares of stock of Tenant occurring by operation of Law or otherwise (other than an Excluded Change In Majority Control, as defined below) if Tenant is a corporation
whose shares of stock are not traded publicly. If Tenant is a general partnership, any change in the general partners of Tenant shall be deemed to be an assignment for purposes of this Lease. As used herein, an “Excluded Change in Majority
Control” shall mean any change in the majority control of Tenant resulting from or associated with (i) any initial public offering of the capital stock or other equity interest of Tenant on any nationally recognized securities exchange or
(ii) any bona fide capitalization, recapitalization or financing for the benefit of Tenant (a “Financing Event”); provided, however, in the case of a Financing Event, Tenant shall give Landlord written notice at least fifteen
(15) days prior to the effective date of the Financing Event, together with evidence that Tenant shall continue to have a net worth equal to or greater than Tenant’s net worth as of the date immediately prior to the Financing Event, or if
prior notice is prohibited by a confidentiality agreement or securities regulations or related regulations, then as soon after the Financing Event as is permissible. 

(e) o long as Tenant is not entering into a transaction described herein for the purpose of avoiding or otherwise circumventing the remaining
terms of this Article, Tenant may, subject to Section 10.5, assign its entire interest under this Lease or sublease all or a portion of the Premises, without the consent of Landlord, to any of the following (each, a “Permitted
Transferee”) (i) an Affiliate, or (ii) a successor to Tenant by purchase or other acquisition of Tenant’s capital stock or substantially all of Tenant’s assets or by merger, consolidation or reorganization, provided that all
of the following conditions are satisfied: (1) Tenant is not then in Default under this Lease; (2) Tenant shall give Landlord written notice at least fifteen (15) days prior to the effective date of the proposed transfer together with
the information required hereunder and such entity shall expressly assume Tenant’s obligations hereunder, or if prior notice is prohibited by a confidentiality agreement or securities regulations or related regulations, then as soon after the
transfer as is permissible; (3) with respect to an assignment to an Affiliate, Tenant continues to have a net worth equal to or greater than Tenant’s net worth as of the date immediately prior to such transfer; and (4) with respect to
a purchase, merger, consolidation or reorganization which results in Tenant ceasing to exist as a separate legal entity, Tenant’s successor shall have a net worth equal to Tenant’s net worth at the date immediately prior to such transfer.

 (f) Notwithstanding anything in this Section 10.1 to the contrary, Tenant shall be permitted to allow its contractors (i.e., parties
with whom Tenant contracts to provide special services, such as scientists) to occupy certain portions of the Premises without Landlord’s consent (for purposes of this Section 10.1(g), each such, person or company is referred to as an
“Occupant”), provided the following conditions are satisfied: (i) such occupancy is not a subterfuge to avoid the provisions of this Article 10 concerning assignment and subleases; (ii) such occupancy is not separated from the
remaining portions of the Premises by demising walls and does not have a separate entrance; (iii) each Occupant shall comply with the insurance requirements under Sections 16.1 and 16.2 (including naming Landlord and the Indemnitees required
under Section 16.2 as additional insureds) as if such Occupant were Tenant (with Landlord having received evidence of such insurance prior to such Occupant’s occupancy of the Premises) and shall be subject to the waivers under
Section 16.4 as if such Occupant were Tenant; (iv) prior to such Occupant’s occupancy of the Premises, Tenant shall have provided Landlord with the name and address of the Occupant and length of occupancy term for such Occupant; and
(v) the aggregate space occupied by Occupants at any time does not exceed 1,000 rentable square feet. If an occupancy described above does not satisfy all of the foregoing conditions, then such occupancy shall constitute a sublease and shall be
subject to the other provisions of this Section 10.1. 
 10.2 RECAPTURE 

Excluding any assignment or sublease contemplated in Section 10.1(e), Landlord shall have the option to exclude from the Premises covered
by this Lease (“recapture”) the space proposed to be sublet for substantially the remainder of the Term or subject to the assignment, effective as of the proposed commencement date of such sublease or assignment. If Landlord elects to
recapture, Tenant shall surrender possession of the space proposed to be subleased or subject to the assignment to Landlord on the effective date of recapture of such space from the Premises, such date being the Termination Date for such space.
Effective as of the date of recapture of any portion of the Premises pursuant to this section, the Monthly Base Rent, Rentable Area of the Premises and Tenant’s Share shall be adjusted accordingly. 

  
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 10.3 EXCESS RENT 

Tenant shall pay Landlord on the first day of each month during the term of the sublease or assignment, as additional Rent under this Lease,
fifty percent (50%) of the amount by which the sum of all rent and other consideration (direct or indirect) due from the subtenant or assignee for such month exceeds: (i) that portion of the Monthly Base Rent and Rent Adjustments due under
this Lease for said month which is allocable to the space sublet or assigned; and (ii) the following costs and expenses for the subletting or assignment of such space: (I) brokerage commissions and attorneys’ fees and expenses,
(2) the actual costs paid in making any improvements or substitutions in the Premises required by any sublease or assignment; (3) “free rent” periods, costs of any inducements or concessions given to subtenant or assignee; and
(4) reasonable moving costs and other amounts actually paid with respect to such subtenant’s or assignee’s other leases or occupancy arrangements. All such costs and expenses shall be amortized over the term of the sublease or
assignment pursuant to sound accounting principles. 
 10.4 TENANT LIABILITY 

In the event of any sublease or assignment, whether or not with Landlord’s consent, Tenant shall not be released or discharged from any
liability, whether past, present or future, under this Lease, including any liability arising from the exercise of any renewal or expansion option, to the extent such exercise is expressly permitted by Landlord. Tenant’s liability shall remain
primary, and in the event of default by any subtenant, assignee or successor of Tenant in performance or observance of any of the covenants or conditions of this Lease, Landlord may proceed directly against Tenant without the necessity of exhausting
remedies against said subtenant, assignee or successor. After any assignment, Landlord may consent to subsequent assignments or subletting of this Lease, or amendments or modifications of this Lease with assignees of Tenant, without notifying
Tenant, or any successor of Tenant, and without obtaining its or their consent thereto, and such action shall not relieve Tenant or any successor of Tenant of liability under this Lease. If Tenant has any options to extend the Term or to add other
space to the Premises, except with respect to a Permitted Transferee, such options shall not be available to any subtenant or assignee, directly or indirectly without Landlord’s express written consent, which may be withheld in Landlord’s
sole discretion. 
 10.5 ASSUMPTION AND ATTORNMENT 

If Tenant shall assign this Lease as permitted herein, the assignee shall expressly assume all of the obligations of Tenant hereunder accruing
after the effective date of the assignment in a written instrument satisfactory to Landlord and furnished to Landlord not later than thirty (30) days prior to the effective date of the assignment. Each sublease by Tenant hereunder shall be
subject and subordinate to this Lease and to the matters to which this Lease is or shall be subordinate, and each subtenant by entering into a sublease is deemed to have agreed that in the event of termination, re-entry or dispossession by Landlord
under this Lease, Landlord may, at its option, either terminate the sublease or take over all of the right, title and interest of Tenant, as sublandlord, under such sublease, and such subtenant shall, at Landlord’s option, attorn to Landlord
pursuant to the then executory provisions of such sublease, except that Landlord shall not be: (I) liable for any previous act or omission of Tenant under such sublease; (2) subject to any counterclaim, offset or defense that such
subtenant might have against Tenant; (3) bound by any previous modification of such sublease or by any rent or additional rent or advance rent which such subtenant might have paid for more than the current month to Tenant, and all such rent
shall remain due and owing, notwithstanding such advance payment; (4) bound by any security or advance rental deposit made by such subtenant which is not delivered or paid over to Landlord and with respect to which such subtenant shall look
solely to Tenant for refund or reimbursement; or (5) obligated to perform any work in the subleased space or to prepare it for occupancy, and in connection with such attornment, the subtenant shall execute and deliver to Landlord any
instruments Landlord may reasonably request to evidence and confirm such attornment. Each subtenant or licensee of Tenant shall be deemed, automatically upon and as a condition of its occupying or using the Premises or any part thereof, to have
agreed to be bound by the terms and conditions set forth in this Section 10.5. The provisions of this Section 10.5 shall be self-operative, and no further instrument shall be required to give effect to this provision. 

10.6 PROCESSING EXPENSES 
 Tenant shall pay
to Landlord, as Landlord’s cost of processing each proposed assignment or subletting (whether or not the same is ultimately approved by Landlord or consummated by Tenant), the sum of One Thousand Five Hundred Dollars ($1,500.00), plus all
reasonable attorneys’ fees and expenses incurred by Landlord with respect to such proposed assignment or sublease, which attorneys’ fees and expenses shall not exceed $3,000.00 

  
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(collectively, “Processing Costs”); provided, however, that Tenant shall pay to Landlord any additional reasonable attorneys’ fees and expenses incurred by Landlord to the extent
Tenant or its proposed assignee or subtenant does not execute Landlord’s standard form of consent. Notwithstanding anything to the contrary herein, Landlord shall not be required to process any request for Landlord’s consent to an
assignment or subletting until Tenant has paid to Landlord the amount of Landlord’s estimate of the Processing Costs. When the actual amount of the Processing Costs is determined, it shall be reconciled with Landlord’s estimate, and any
payments or refunds required as a result thereof shall promptly thereafter be made by the parties. 
 ARTICLE 11 

DEFAULT AND REMEDIES 
 11.1 DEFAULT

 The occurrence or existence of any one or more of the following shall constitute a “Default” by Tenant under this Lease: 

(a) Tenant fails to pay any installment or other payment of Rent including Rent Adjustment Deposits or Rent Adjustments within five
(5) days after the date when due; 
 (b) Tenant abandons the Premises; 

(c) Tenant violates the restrictions on assignments and subleases set forth in Article 10 Assignment and Subletting and fails to cure such
default within five (5) Business Days after receipt of written notice thereof from Landlord; 
 (d) Tenant fails to maintain any
insurance policy required of it hereunder, and fails to cure such default within five (5) Business Days after receipt of written notice thereof from Landlord; 

(e) Tenant fails to observe or perform any of the other covenants, conditions or provisions of this Lease or the Workletter and fails to cure
such default within thirty (30) days after written notice thereof to Tenant, or such longer time as may reasonably be required to cure the default, so long as Tenant commences such cure within thirty (30) days after written notice thereof
and diligently pursues such cure to completion unless the failure to perform is a Default for which this Lease expressly specifies there is no cure or grace period; 

(f) the interest of Tenant in this Lease is levied upon under execution or other legal process; 

(g) a petition is filed by or against Tenant to declare Tenant bankrupt or seeking a plan of reorganization or arrangement under any Chapter of
the Bankruptcy Code, or any amendment, replacement or substitution therefor, or to delay payment of, reduce or modify Tenant’s debts, which in the case of an involuntary action is not discharged within thirty (30) days; 

(h) Tenant is declared insolvent by Law or any assignment of Tenant’s property is made for the benefit of creditors; 

(i) a receiver is appointed for Tenant or Tenant’s property, which appointment is not discharged within thirty (30) days; 

(j) any action taken by or against Tenant to reorganize or modify Tenant’s capital structure in a materially adverse way which in the case
of an involuntary action is not discharged within thirty (30) days; 
 (k) upon the dissolution of Tenant; or 

(l) upon the third occurrence during any twelve (12)-month period during the Term that Tenant fails to pay Rent when due or has breached a
particular covenant of this Lease (whether or not such failure or breach is thereafter cured within any stated cure or grace period or statutory period). 

  
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 11.2 LANDLORD’S REMEDIES 

(a) A Default shall constitute a breach of this Lease for which Landlord shall have the rights and remedies set forth in this Section 11.2
and all other rights and remedies set forth in this Lease or now or hereafter allowed by Law, whether legal or equitable, and all rights and remedies of Landlord shall be cumulative and none shall exclude any other right or remedy now or hereafter
allowed by applicable Law. 
 (b) With respect to a Default, at any time Landlord may terminate Tenant’s right to possession by written
notice to Tenant stating such election. Any written notice required pursuant to Section 11.1 shall constitute notice of unlawful detainer pursuant to California Code of Civil Procedure Section 1161 if, at Landlord’s sole discretion,
it states Landlord’s election that Tenant’s right to possession is terminated after expiration of any period required by Law or any longer period required by Section 11.1. Upon the expiration of the period stated in Landlord’s
written notice of termination (and unless such notice provides an option to cure within such period and Tenant cures the Default within such period), Tenant’s right to possession shall terminate and this Lease shall terminate, and Tenant shall
remain liable as hereinafter provided. Upon such termination in writing of Tenant’s right to possession, Landlord shall have the right, subject to applicable Law, to re-enter the Premises and dispossess Tenant and the legal representatives of
Tenant and all other occupants of the Premises by unlawful detainer or other summary proceedings, or as otherwise permitted by Law, regain possession of the Premises and remove their property (including their trade fixtures, personal property and
Required Removables pursuant to Article 12), but Landlord shall not be obligated to effect such removal, and such property may, at Landlord’s option, be stored elsewhere, sold or otherwise dealt with as permitted by Law, at the risk of, expense
of and for the account of Tenant, and the proceeds of any sale shall be applied pursuant to Law. Landlord shall in no event be responsible for the value, preservation or safekeeping of any such property. Tenant hereby waives all claims for damages
that may be caused by Landlord’s removing or storing Tenant’s personal property pursuant to this Section or Section 12.1, and Tenant hereby indemnifies, and agrees to defend, protect and hold harmless, the Indemnitees from any and all
loss, claims, demands, actions, expenses, liability and cost (including attorneys’ fees and expenses) arising out of or in any way related to such removal or storage. Upon such written termination of Tenant’s right to possession and this
Lease, Landlord shall have the right to recover damages for Tenant’s Default as provided herein or by Law, including the following damages provided by California Civil Code Section 1951.2: 

(1) the worth at the time of award of the unpaid Rent which had been earned at the time of termination; 

(2) the worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination until the time of
award exceeds the amount of such Rent loss that Tenant proves could reasonably have been avoided; 
 (3) the worth at the time of award of
the amount by which the unpaid Rent for the balance of the term of this Lease after the time of award exceeds the amount of such Rent loss that Tenant proves could be reasonably avoided; and 

(4) any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its
obligations under this Lease or which in the ordinary course of things would be likely to result therefrom, including, without limitation, Landlord’s unamortized costs of tenant improvements, leasing commissions and legal fees incurred in
connection with entering into this Lease; and 
 The word “rent” as used in this Section 11.2 shall have the same meaning as
the defined term Rent in this Lease. The “worth at the time of award” of the amount referred to in clauses (I) and (2) above is computed by allowing interest at the Default Rate. The worth at the time of award of the amount
referred to in clause (3) above is computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (I%). For the purpose of determining unpaid Rent under clause
(3) above, the monthly Rent reserved in this Lease shall be deemed to be the sum of the Monthly Base Rent, monthly storage space rent, if any, the amounts last payable by Tenant as Rent Adjustments for the calendar year in which Landlord
terminated this Lease as provided hereinabove. 

  
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 (c) Even if Tenant is in Default and/or has abandoned the Premises, this Lease shall
continue in effect for so long as Landlord does not terminate Tenant’s right to possession by written notice as provided in Section 11.2(b) above, and Landlord may enforce all its rights and remedies under this Lease, including the right
to recover Rent as it becomes due under this Lease. In such event, Landlord shall have all of the rights and remedies of a landlord under California Civil Code Section 1951.4 (lessor may continue Lease in effect after lessee’s breach and
abandonment and recover Rent as it becomes due, if lessee has the right to sublet or assign, subject only to reasonable limitations), or any successor statute. During such time as Tenant is in Default, if Landlord has not terminated this Lease by
written notice and if Tenant requests Landlord’s consent to an assignment of this Lease or a sublease of the Premises, such consent shall be governed by the terms and conditions of Article 10 above. Tenant acknowledges and agrees that the
provisions of Article 10 shall be deemed to constitute reasonable limitations of Tenant’s right to assign or sublet. Tenant acknowledges and agrees that in the absence of written notice pursuant to Section 11.2(b) above terminating
Tenant’s right to possession, no other act of Landlord shall constitute a termination of Tenant’s right to possession or an acceptance of Tenant’s surrender of the Premises, including acts of maintenance or preservation or efforts to
relet the Premises or the appointment of a receiver upon initiative of Landlord to protect Landlord’s interest under this Lease or the withholding of consent to a subletting or assignment, or terminating a subletting or assignment, if in
accordance with other provisions of this Lease. 
 (d) In the event that Landlord seeks an injunction with respect to a breach or threatened
breach by Tenant of any of the covenants, conditions or provisions of this Lease, Tenant agrees to pay the premium for any bond required in connection with such injunction. 

(e) Tenant hereby waives any and all rights to relief from forfeiture, redemption or reinstatement granted by Law (including California Civil
Code of Procedure Sections 1174 and 1179) in the event of Tenant being evicted or dispossessed for any cause or in the event of Landlord obtaining possession of the Premises by reason of Tenant’s Default or otherwise. 

(f) Notwithstanding any other provision of this Lease, a notice to Tenant given under this Article and Article 24 of this Lease or given
pursuant to California Code of Civil Procedure Section 1161, and any notice served by mail, shall be deemed served, and the requisite waiting period deemed to begin under said Code of Civil Procedure Section upon mailing (except as may be
required under Code of Civil Procedure Section 1161 et seq.), without any additional waiting requirement under Code of Civil Procedure Section 1011 et seq. or by other Law. For purposes of Code of Civil Procedure Section 1162,
Tenant’s “place of residence”, “usual place of business”, “the property” and “the place where the property is situated” shall mean and be the Premises, whether or not Tenant has vacated same at the time
of service. 
 (g) The voluntary or other surrender or termination of this Lease, or a mutual termination or cancellation thereof, shall not
work a merger and shall terminate all or any existing assignments, subleases, subtenancies or occupancies permitted by Tenant, except if and as otherwise specified in writing by Landlord. 

(h) No delay or omission in the exercise of any right or remedy of Landlord upon any default by Tenant, and no exercise by Landlord of its
rights pursuant to Section 25.16 to perform any duty which Tenant fails timely to perform, shall impair any right or remedy or be construed as a waiver. No provision of this Lease shall be deemed waived by Landlord unless such waiver is in
writing signed by Landlord. The waiver by Landlord of any breach of any provision of this Lease shall not be deemed a waiver of any subsequent breach of the same or any other provision of this Lease. 

11.3 ATTORNEY’S FEES 
 In the event
any party brings any suit or other proceeding with respect to the subject matter or enforcement of this Lease, the prevailing party (as determined by the court, agency or other authority before which such suit or proceeding is commenced) shall, in
addition to such other relief as may be awarded, be entitled to recover attorneys’ fees, expenses and costs of investigation as actually incurred, including court costs, expert witness fees, costs and expenses of investigation, and all
attorneys’ fees, costs and expenses in any such suit or proceeding (including in any action or participation in or in connection with any case or proceeding under the Bankruptcy Code, 11 United States Code Sections IOI et seq. (the
“Bankruptcy Code”), or any successor statutes, in establishing or enforcing the right to indemnification, in appellate proceedings, or in connection with the enforcement or collection of any judgment obtained in any such suit or
proceeding). 

  
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 11.4 BANKRUPTCY 

The following provisions shall apply in the event of the bankruptcy or insolvency of Tenant: 

(a) In connection with any proceeding under Chapter 7 of the Bankruptcy Code where the trustee of Tenant elects to assume this Lease for the
purposes of assigning it, such election or assignment, may only be made upon compliance with the provisions of (b) and (c) below, which conditions Landlord and Tenant acknowledge to be commercially reasonable. In the event the trustee
elects to reject this Lease, then Landlord shall immediately be entitled to possession of the Premises without further obligation to Tenant or the trustee. 

(b) Any election to assume this Lease under Chapter 11 or 13 of the Bankruptcy Code by Tenant as debtor-in-possession or by Tenant’s
trustee (the “Electing Party”) must provide for: 
 The Electing Party to cure or provide to Landlord adequate assurance that it
will cure all monetary defaults under this Lease within fifteen (15) days from the date of assumption, and that it will cure all nonmonetary defaults under this Lease within thirty (30) days from the date of assumption. Landlord and Tenant
acknowledge such condition to be commercially reasonable. 
 (c) If the Electing Party has assumed this Lease or elects to assign
Tenant’s interest under this Lease to any other person, such interest may be assigned only if the intended assignee has provided adequate assurance of future performance (as herein defined), of all of the obligations imposed on Tenant under
this Lease. 
 For the purposes hereof, “adequate assurance of future performance” means that Landlord has ascertained that each
of the following conditions has been satisfied: 
 (i) The assignee has submitted a current financial statement, certified by its chief
financial officer, which shows a net worth and working capital in amounts sufficient to assure the future performance by the assignee of Tenant’s obligations under this Lease; and 

(ii) Landlord has obtained consents or waivers from any third parties that may be required under a lease, mortgage, financing arrangement, or
other agreement by which Landlord is bound, to enable Landlord to permit such assignment. 
 (d) Landlord’s acceptance of rent or any
other payment from any trustee, receiver, assignee, person, or other entity will not be deemed to have waived, or waive, the requirement of Landlord’s consent, Landlord’s right to terminate this Lease for any transfer of Tenant’s
interest under this Lease without such consent, or Landlord’s claim for any amount of Rent due from Tenant. 
 11.5 LANDLORD’S DEFAULT 

Landlord shall be in default hereunder in the event Landlord has not commenced and pursued with reasonable diligence the cure of any failure of
Landlord to meet its obligations hereunder within thirty (30) days after the receipt by Landlord of written notice from Tenant of the alleged failure to perform. Failure to provide the requisite notice and cure period by Tenant under this
paragraph shall be an absolute defense by Landlord against any claims for failure to perform any of its obligations. In no event shall Tenant have the right to terminate or rescind this Lease as a result of Landlord’s default as to any covenant
or agreement contained in this Lease. Tenant hereby waives such remedies of termination and rescission and hereby agrees that Tenant’s remedies for default hereunder and for breach of any promise or inducement shall be limited to a suit for
damages and/or injunction. In addition, Tenant hereby covenants that, prior to the exercise of any such remedies, it will give any Mortgagee notice and a reasonable time to cure any default by Landlord (as specified in Section 23.2 below). 

  
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 ARTICLE 12 

SURRENDER OF PREMISES 
 12.1 IN
GENERAL 
 Upon the Termination Date, Tenant shall surrender and vacate the Premises immediately and deliver possession thereof to
Landlord in a clean, good and tenantable condition, ordinary wear and tear, Hazardous Materials (other than those which are Tenant’s responsibility hereunder), casualty and condemnation, and damage caused by Landlord excepted. Tenant shall
deliver to Landlord all keys to the Premises. All improvements in and to the Premises, including any Tenant Alterations (collectively, “Leasehold Improvements”) shall remain upon the Premises at the end of the Term without compensation to
Tenant. Tenant’s trade fixtures, furniture, equipment and other personal property installed in the Premises (“Tenant’s Property”) shall at all times be and remain Tenant’s property. Except for Alterations which cannot be
removed without structural injury to the Premises, at any time Tenant may remove Tenant’s Property from the Premises, provided that Tenant repairs all damage caused by such removal. Landlord shall have no lien or other interest in any item of
Tenant’s Property. Landlord, however, by written notice to Tenant at least thirty (30) days prior to the Termination Date, may require Tenant, at its expense, to remove (a) any Cable installed by or for the benefit of Tenant, and
(b) any Tenant Additions that Landlord designated for removal at the time of consent and that, in Landlord’s reasonable judgment, are of a nature that would require removal and repair costs that are materially in excess of the removal and
repair costs associated with standard laboratory and office improvements (collectively referred to as “Required Removables”). Required Removables may include, without limitation, internal stairways, raised floors, personal baths and
showers, vaults, rolling file systems and structural alterations and modifications. The designated Required Removables shall be removed by Tenant before the Termination Date. Tenant’s removal and disposal of items pursuant to this
Section 12.1 must comply with the Project’s Sustainability Practices and Tenant is strongly encouraged to comply with the applicable Green Building Standards. Tenant shall repair damage caused by the installation or removal of Required
Removables. If Tenant fails to perform its obligations in a timely manner, Landlord may perform such work at Tenant’s expense. In the event possession of the Premises is not delivered to Landlord when required hereunder, or if Tenant shall fail
to remove those items described above, Landlord may (but shall not be obligated to), at Tenant’s expense, remove any of such property and store, sell or otherwise deal with such property, and undertake, at Tenant’s expense, such
restoration work as Landlord deems necessary or advisable. Notwithstanding anything in this Section 12.1 to the contrary, failure by Tenant to strictly comply with the provisions of this Section 12.1 with respect to any Required Removables
that are required to be removed from the Premises by Tenant hereunder shall constitute a failure of Tenant to validly surrender the Premises. 
 12.2
LANDLORD’S RIGHTS 
 All property which may be removed from the Premises by Landlord shall be conclusively presumed to have been
abandoned by Tenant and Landlord may deal with such property as provided in Section 11.2(b), including the waiver and indemnity obligations provided in that Section. Tenant shall also reimburse Landlord for all costs and expenses incurred by
Landlord in removing any Tenant Additions and in restoring the Premises to the condition required by this Lease. 
 ARTICLE 13 

HOLDING OVER 
 In the event
that Tenant holds over in possession of the Premises after the Termination Date, for each month or partial month Tenant holds over possession of the Premises, Tenant shall pay Landlord (i) 150% of the monthly Rent payable for the month
immediately preceding the holding over (including increases for Rent Adjustments which Landlord may reasonably estimate) for the first 90 days of such holdover and (ii) 200% of the monthly Rent payable for the month immediately preceding the
holding over (including increases for Rent Adjustments which Landlord may reasonably estimate) after the first 90 days of such holdover. Tenant shall also pay all damages, excluding, however, consequential damages (i.e., loss of income from
prospective tenants), sustained by Landlord by reason of such holding over. The provisions of this Article shall not constitute a waiver by Landlord of any re-entry rights of Landlord, and Tenant’s continued occupancy of the Premises shall be
as a tenancy in sufferance. 

  
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 ARTICLE 14 

DAMAGE BY FIRE OR OTHER CASUALTY 
 14.1
SUBSTANTIAL UNTENANTABILITY 
 (a) If any fire or other casualty (whether insured or uninsured) renders all or a substantial portion
of the Premises or the Building untenantable, Landlord shall, with reasonable promptness after the occurrence of such damage, estimate the length of time that will be required to substantially complete the repair and restoration and shall, by notice
advise Tenant of such estimate (“Landlord’s Notice”). If Landlord estimates that the amount of time required to substantially complete such repair and restoration will exceed two hundred seventy (270) days from the date such
damage occurred, then Landlord, or Tenant if all or a substantial portion of the Premises is rendered untenantable, shall have the right to terminate this Lease as of the date of such damage by delivering written notice to the other at any time
within twenty (20) days after delivery of Landlord’s Notice, provided that if Landlord so chooses, Landlord’s Notice may also constitute such notice of termination. 

(b) Unless this Lease is terminated as provided in the preceding subparagraph, Landlord shall proceed with reasonable promptness to repair and
restore the Premises to its condition as existed prior to such casualty, subject to reasonable delays for insurance adjustments and Force Majeure delays, and also subject to zoning Laws and building codes then in effect. Landlord shall have no
liability to Tenant, and Tenant shall not be entitled to terminate this Lease if such repairs and restoration are not in fact completed within the time period estimated by Landlord so long as Landlord shall proceed with reasonable diligence to
complete such repairs and restoration. 
 (c) Tenant acknowledges that Landlord shall be entitled to the full proceeds of any insurance
coverage, whether carried by Landlord or Tenant, for damages to the Premises, except for those proceeds of Tenant’s insurance for its own personal property and equipment which would be removable by Tenant at the Termination Date. All such
insurance proceeds shall be payable to Landlord whether or not the Premises are to be repaired and restored; provided, however, if this Lease is not terminated and the parties proceed to repair and restore Tenant Additions at Tenant’s cost, to
the extent Landlord received proceeds of Tenant’s insurance covering Tenant Additions, such proceeds shall be applied to reimburse Tenant for its cost of repairing and restoring Tenant Additions. 

(d) Notwithstanding anything to the contrary herein set forth: (i) Landlord shall have no duty pursuant to this Section to repair or
restore any portion of any Tenant Additions or to expend for any repair or restoration of the Premises or Building in amounts in excess of insurance proceeds paid to Landlord and available for repair or restoration; and (ii) Tenant shall not
have the right to terminate this Lease pursuant to this Section if any damage or destruction was caused by the willful misconduct or gross negligence of Tenant, its agent or employees. Whether or not this Lease is terminated pursuant to this Article
14, in no event shall Tenant be entitled to any compensation or damages for loss of the use of the whole or any part of the Premises or for any inconvenience or annoyance occasioned by any such damage, destruction, rebuilding or restoration of the
Premises or the Building or access thereto. 
 (e) Any repair or restoration of the Premises performed by Tenant shall be in accordance with
the provisions of Article 9 hereof. 
 14.2 INSUBSTANTIAL UNTENANTABILITY 

If the Premises or the Building is damaged by a casualty but neither is rendered substantially untenantable and either (i) Landlord
estimates that the time to substantially complete the repair or restoration will not exceed two hundred seventy (270) days from the date such damage occurred, or (ii) the cost to repair or restore is less than ten percent (I 0%) of the
replacement cost of the Building, then Landlord shall proceed to repair and restore the Building or the Premises other than Tenant Additions, with reasonable promptness, unless such damage is to the Premises and occurs during the last six
(6) months of the Term, in which event either Tenant or Landlord shall have the right to terminate this Lease as of the date of such casualty by giving written notice thereof to the other within twenty (20) days after the date of such
casualty. Notwithstanding the aforesaid, Landlord’s obligation to repair shall be limited in accordance with the provisions of Section 14.1 above. 

  
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 14.3 RENT ABATEMENT 

Except if due to the willful misconduct of Tenant or its employees, if all or any part of the Premises are rendered untenantable by fire or
other casualty and this Lease is not terminated, Monthly Base Rent and Rent Adjustments shall abate for that part of the Premises which is untenantable on a per diem basis from the date of the casualty until Landlord has Substantially Completed the
repair and restoration work in the Premises which it is required to perform, provided, that as a result of such casualty, Tenant does not occupy the portion of the Premises which is untenantable during such period. 

14.4 WAIVER OF STATUTORY REMEDIES 
 The
provisions of this Lease, including this Article 14, constitute an express agreement between Landlord and Tenant with respect to any and all damage to, or destruction of, the Premises or the Property or any part of either, and any Law, including
Sections 1932(2), 1933(4), 1941 and 1942 of the California Civil Code, with respect to any rights or obligations concerning damage or destruction shall have no application to this Lease or to any damage to or destruction of all or any part of the
Premises or the Property or any part of either, and are hereby waived. 
 ARTICLE 15 

EMINENT DOMAIN 
 15.1 TAKING OF WHOLE OR
SUBSTANTIAL PART 
 In the event the whole or any substantial part of the Building or of the Premises is taken or condemned by any
competent authority for any public use or purpose (including a deed given in lieu of condemnation) and is thereby rendered untenantable, this Lease shall terminate as of the date title vests in such authority, and Monthly Base Rent and Rent
Adjustments shall be apportioned as of the Termination Date. Notwithstanding anything to the contrary herein set forth, in the event the taking is temporary (for less than the remaining Term of this Lease), Landlord may elect either (i) to
terminate this Lease or (ii) permit Tenant to receive the entire award attributable to the Premises in which case Tenant shall continue to pay Rent and this Lease shall not terminate. 

15.2 TAKING OF PART 
 In the event a part
of the Building or the Premises is taken or condemned by any competent authority (or a deed is delivered in lieu of condemnation) and this Lease is not terminated, this Lease shall be amended to reduce or increase, as the case may be, the Monthly
Base Rent and Tenant’s Share to reflect the Rentable Area of the Premises or Building, as the case may be, remaining after any such taking or condemnation. Landlord, upon receipt and to the extent of the award in condemnation (or proceeds of
sale) shall make necessary repairs and restorations to the Premises (exclusive of Tenant Additions) and to the Building to the extent necessary to constitute the portion of the Building not so taken or condemned as a complete architectural and
economically efficient unit. Notwithstanding the foregoing, if as a result of any taking, or a governmental order that the grade of any street or alley adjacent to the Building is to be changed and such taking or change of grade makes it necessary
or desirable to substantially remodel or restore the Building or prevents the economical operation of the Building, Landlord shall have the right to terminate this Lease upon ninety (90) days prior written notice to Tenant. 

15.3 COMPENSATION 
 Landlord shall be
entitled to receive the entire award (or sale proceeds) from any such taking, condemnation or sale without any payment to Tenant, and Tenant hereby assigns to Landlord, Tenant’s interest, if any, in such award; provided, however, Tenant shall
have the right separately to pursue against the condemning authority a separate award in respect of the loss, if any, to Tenant Additions paid for by Tenant without any credit or allowance from Landlord. 

  
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 ARTICLE 16 

INSURANCE 
 16.1 TENANT’S
INSURANCE 
 Tenant, at Tenant’s expense, agrees to maintain in force, with a company or companies acceptable to Landlord, during
the Term: (a) Commercial General Liability Insurance on a primary basis and without any right of contribution from any insurance carried by Landlord covering the Premises on an occurrence basis against all claims for personal injury, bodily
injury, death and property damage, including contractual liability covering the indemnification provisions in this Lease, and such insurance shall be for such limits that are reasonably required by Landlord from time to time but not less than a
combined single limit (each occurrence and in the aggregate) of Five Million Dollars ($5,000,000.00) (which limit may be achieved through use of umbrella coverage); (b) Workers’ Compensation and Employers’ Liability Insurance to the
extent required by and in accordance with the Laws of the State of California; (c) “All Risks” or “Special Form” property insurance in an amount adequate to cover the full replacement cost of all Tenant Additions, equipment,
installations, fixtures and contents of the Premises in the event of loss from water damage and earthquake sprinkler leakage; (d) in the event a motor vehicle is to be used by Tenant in connection with its business operation from the Premises,
Comprehensive Automobile Liability Insurance coverage with limits of not less than One Million Dollars ($1,000,000.00) combined single limit coverage against bodily injury liability and property damage liability arising out of the use by or on
behalf of Tenant, its agents and employees in connection with this Lease, of any owned, non-owned or hired motor vehicles; and (e) such other insurance or coverages as Landlord reasonably requires. 

16.2 FORM OF POLICIES 
 Each policy
referred to in Section 16.1 shall satisfy the following requirements. Each policy shall (i) name Landlord and the Indemnitees as additional insureds (except “All Risks” or “Special Form” property insurance, on which
Landlord and the Mortgagee, as their interests may appear, shall be named as “loss payees”, and Workers’ Compensation and Employers’ Liability insurance), (ii) be issued by one or more responsible insurance companies
licensed to do business in the State of California reasonably satisfactory to Landlord, (iii) where applicable, provide for deductible amounts satisfactory to Landlord and not permit co-insurance, and (iv) each policy of
“All-Risks” or “Special Form” property insurance shall provide that the policy shall not be invalidated should the insured waive in writing prior to a loss, any or all rights of recovery against any other party for losses covered
by such policy. Tenant shall deliver to Landlord certificate(s) of insurance prior to the Commencement Date and prior to the expiration date of each policy. Additionally, Tenant shall provide Landlord written notice of any cancellation or amendment
of any such insurance within two (2) Business Days following Tenant’s knowledge of the same. If Tenant fails to carry the insurance required under this Article 16 or fails to provide certificate(s) of such insurance and when required
hereunder and the same constitutes a Default hereunder, Landlord may, but shall not be obligated to acquire such insurance on Tenant’s behalf or Tenant’s sole cost and expense. 

16.3 LANDLORD’S INSURANCE 
 Landlord
agrees to purchase and keep in full force and effect during the Term hereof, including any extensions or renewals thereof, insurance under policies issued by insurers of recognized responsibility, qualified to do business in the State of California
on the Building in amounts sufficient to cover 80% of the replacement cost thereof, or an amount sufficient to prevent Landlord from becoming a co-insurer under the terms of the applicable policies, insuring against fire and such other risks as may
be included in “All Risks” or “Special Form” coverage insurance reasonably available from time to time (which requirement may be achieved through use of a single insurance policy covering multiple buildings owned by Landlord and
affiliates of Landlord). Landlord agrees to maintain in force during the Term, Commercial General Liability Insurance covering the Building on an occurrence basis against all claims for personal injury, bodily injury, death, and property damage.
Such insurance shall be for a combined single limit (each occurrence and in the aggregate) of not less than Five Million Dollars ($5,000,000.00) (which limit may be achieved through use of umbrella coverage). Neither Landlord’s obligation to
carry such insurance nor the carrying of such insurance shall be deemed to be an indemnity by Landlord with respect to any claim, liability, loss, cost or expense due, in whole or in part, to Tenant’s negligent acts or omissions or willful
misconduct. Without obligation to do so, Landlord may, in its sole discretion from time to time, carry insurance in amounts greater and/or for coverage additional to the coverage and amounts set forth above. Each policy of “All-Risks” or
“Special Form” property insurance required to be maintained by Landlord shall provide that the policy shall not be invalidated should the insured waive in writing prior to a loss, any or all rights of recovery against any other party for
losses covered by such policy. 

  
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 16.4 WAIVER OF SUBROGATION AND CLAIMS 

(a) Landlord agrees that, if obtainable at no, or minimal, additional cost, and so long as the same is permitted under the laws of the State of
California, it will include in its “All Risks” or “Special Form” insurance policy or policies appropriate clauses pursuant to which the insurance companies (i) waive all right of subrogation against Tenant with respect to
losses payable under such policies and/or (ii) agree that such policies shall not be invalidated should the insured waive in writing prior to a loss any or all right of recovery against any party for losses covered by such policies. 

(b) Tenant agrees to include, if obtainable at no, or minimal, additional cost, and so long as the same is permitted under the laws of the
State of California, in its “All Risks” or “Special Form” insurance policy or policies on Tenant Additions, whether or not removable, and on Tenant’s furniture, furnishings, fixtures and other property removable by Tenant
under the provisions of this Lease, appropriate clauses pursuant to which the insurance company or companies (i) waive the right of subrogation against Landlord and/or any tenant of space in the Building with respect to losses payable under
such policy or policies and/or (ii) agree that such policy or policies shall not be invalidated should the insured waive in writing prior to a loss any or all right of recovery against any party for losses covered by such policy or policies. If
Tenant is unable to obtain in such policy or policies either of the clauses described in the preceding sentence, Tenant shall, if legally possible and without necessitating a change in insurance carriers, have Landlord named in such policy or
policies as an additional insured. If Landlord shall be named as an additional insured in accordance with the foregoing, Landlord agrees to endorse promptly to the order of Tenant, without recourse, any check, draft, or order for the payment of
money representing the proceeds of any such policy or representing any other payment growing out of or connected with said policies, and Landlord does hereby irrevocably waive any and all rights in and to such proceeds and payments. 

(c) (c) Landlord hereby waives any and all right of recovery which it might otherwise have against Tenant, its servants, agents and
employees, for loss or damage occurring to the Property and the fixtures, appurtenances and equipment therein, to the extent the same is coverable by Landlord’s insurance, notwithstanding that such loss or damage may result from the negligence
or fault of Tenant, its servants, agents or employees. Tenant hereby waives any and all right of recovery which it might otherwise have against Landlord, its servants, and employees and against every other tenant of the Real Property who shall have
executed a similar waiver as set forth in this Section 16.4(c) for loss or damage to Tenant Additions, whether or not removable, and to Tenant’s furniture, furnishings, fixtures and other property removable by Tenant under the provisions
hereof, to the extent the same is coverable by Tenant’s insurance required under this Lease, notwithstanding that such loss or damage may result from the negligence or fault of Landlord, its servants, agents or employees, or such other tenant
and the servants, agents or employees thereof. 
 (d) Landlord and Tenant hereby agree to advise the other promptly if the clauses to be
included in their respective insurance policies pursuant to subparagraphs (a) and (b) above cannot be obtained on the terms hereinbefore provided. Landlord and Tenant hereby also agree to notify the other promptly of any cancellation or
change of the terms of any such policy that would affect such clauses. 
 16.5 NOTICE OF CASUALTY 

Tenant shall give Landlord notice in case of a fire or accident in the Premises promptly after Tenant is aware of such event. 

ARTICLE 17 
 WAIVER OF CLAIMS
AND INDEMNITY 
 17.1 WAIVER OF CLAIMS 

To the extent permitted by Law, Tenant hereby releases the Indemnitees from, and waives all claims for, damage to person or property sustained
by Tenant or any occupant of the Premises or the Property resulting directly or indirectly from any existing or future condition, defect, matter or thing in and about the Premises or the Property or any part of either or any equipment or
appurtenance therein, or resulting from any accident in or about the Premises or the Property, or resulting directly or indirectly from any act or neglect of any tenant or occupant of the Property or of any other person, including Landlord’s
agents and servants, except to the extent caused by Landlord’s breach of 

  
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this Lease (except as otherwise provided in Section 11.5 above) or by the sole negligence or willful and wrongful act of the Indemnitees or any of them. To the extent permitted by Law,
Tenant hereby waives any consequential damages, compensation or claims for inconvenience or loss of business, rents, or profits as a result of such injury or damage, whether or not caused by the negligence or willful and wrongful act of any of the
Indemnitees. If any such damage, whether to the Premises or the Property or any part of either, or whether to Landlord or to other tenants in the Property, results from any act or neglect of Tenant, its employees, servants, agents, contractors,
invitees or customers, Tenant shall be liable therefor and Landlord may, at Landlord’s option, repair such damage and Tenant shall, upon demand by Landlord, as payment of additional Rent hereunder, reimburse Landlord within ten (I 0) days after
demand for the total cost of such repairs, in excess of amounts, if any, paid to Landlord under insurance covering such damages and except to the extent Landlord and its insurer have waived claims therefor pursuant to Section 16.4 above. Tenant
shall not be liable for any such damage caused by its acts or neglect if Landlord or a tenant has recovered the full amount of the damage from proceeds of insurance policies and the insurance company has waived its right of subrogation against
Tenant. 
 17.2 INDEMNITY 
 To the extent
permitted by Law, Tenant hereby indemnifies, and agrees to protect, defend and hold the Indemnitees harmless, against any and all actions, claims, demands, liability, costs and expenses, including attorneys’ fees and expenses for the defense
thereof, arising from Tenant’s occupancy of the Premises, from the undertaking of any Tenant Additions or repairs to the Premises, from the conduct of Tenant’s business on the Premises, or from any breach or default on the part of Tenant
in the performance of any covenant or agreement on the part of Tenant to be performed pursuant to the terms of this Lease, or from any willful act or negligence of Tenant, its agents, contractors, servants, employees, customers or invitees, in or
about the Premises or the Property or any part of either. In case of any action or proceeding brought against the Indemnitees by reason of any such claim, upon notice from Landlord, Tenant covenants to defend such action or proceeding by counsel
chosen by Landlord, in Landlord’s sole discretion. Landlord reserves the right to settle, compromise or dispose of any and all actions, claims and demands related to the foregoing indemnity. The foregoing indemnity shall not operate to relieve
Indemnitees of liability to the extent such liability is caused by the sole negligence or willful and wrongful act of Indemnitees. Further, the foregoing indemnity is subject to and shall not diminish any waivers in effect in accordance with
Section 16.4 by Landlord or its insurers to the extent of amounts, if any, paid to Landlord under its “All Risks” property insurance. This Article 17 shall survive the expiration or earlier termination of this Lease. 

ARTICLE 18 
 RULES AND
REGULATIONS 
 18.1 RULES 
 Tenant
agrees for itself and for its subtenants, employees, agents, and invitees to comply with the rules and regulations listed on Exhibit C-2 attached hereto and with all reasonable modifications and additions thereto which Landlord may make from time to
time. 
 18.2 ENFORCEMENT 
 Nothing in
this Lease shall be construed to impose upon Landlord any duty or obligation to enforce the rules and regulations as set forth on Exhibit C-2 or as hereafter adopted, or the terms, covenants or conditions of any other lease as against any other
tenant, and Landlord shall not be liable to Tenant for violation of the same by any other tenant, its servants, employees, agents, visitors or licensees. Landlord shall use reasonable efforts to enforce the rules and regulations of the Campus in a
uniform and non-discriminatory manner. 

  
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 ARTICLE 19 

LANDLORD’S RESERVED RIGHTS 

Landlord shall have the following rights exercisable without notice to Tenant and without liability to Tenant for damage or injury to persons,
property or business and without being deemed an eviction or disturbance of Tenant’s use or possession of the Premises or giving rise to any claim for offset or abatement of Rent: (1) to change the Building’s name or street address
upon thirty (30) days’ prior written notice to Tenant; (2) to install, affix and maintain all signs on the exterior and/or interior of the Building; (3) to designate and/or approve prior to installation, all types of signs,
window shades, blinds, drapes, awnings or other similar items, and all internal lighting that may be visible from the exterior of the Premises; (4) upon reasonable notice to Tenant, to display the Premises to prospective purchasers and lenders
at reasonable hours at any time during the Term and to prospective tenants at reasonable hours during the last twelve (12) months of the Term; (5) to grant to any party the exclusive right to conduct any business or render any service in
or to the Campus, provided such exclusive right shall not operate to prohibit Tenant from using the Premises for the purpose permitted hereunder; (6) to change the arrangement and/or location of entrances or passageways, doors and doorways,
corridors, elevators, stairs, washrooms or public portions of the Building, and to close entrances, doors, corridors, elevators or other facilities, provided that such action shall not materially and adversely interfere with Tenant’s access to
the Premises or the Building; (7) to have access for Landlord and other tenants of the Building to any mail chutes and boxes located in or on the Premises as required by any applicable rules of the United States Post Office; and (8) to
close the Building after Standard Operating Hours, except that Tenant and its employees and invitees shall be entitled to admission at all times, under such regulations as Landlord prescribes for security purposes. 

ARTICLE 20 
 ESTOPPEL
CERTIFICATE 
 20.1 IN GENERAL 

Within thirty (30) days after request therefor by Landlord, Mortgagee or any prospective mortgagee or owner, Tenant agrees as directed in
such request to execute the proposed form of estoppel certificate (an “Estoppel Certificate”) (which may require that such instrument be notarized), binding upon Tenant, certifying (i) that this Lease is unmodified and in full force
and effect (or if there have been modifications, a description of such modifications and that this Lease as modified is in full force and effect); (ii) the dates to which Rent has been paid; (iii) that Tenant is in the possession of the
Premises if that is the case; (iv) that Landlord is not in default under this Lease, or, if Tenant believes Landlord is in default, the nature thereof in detail; (v) that Tenant has no offsets or defenses to the performance of its
obligations under this Lease (or if Tenant believes there are any offsets or defenses, a full and complete explanation thereof); (vi) that the Premises have been completed in accordance with the terms and provisions hereof or the Workletter,
that Tenant has accepted the Premises and the condition thereof and of all improvements thereto and has no claims against Landlord or any other party with respect thereto (or if Tenant believes any of the foregoing is untrue, a full and complete
explanation thereof); (vii) that if an assignment of rents or leases has been served upon Tenant by a Mortgagee, Tenant will acknowledge receipt thereof and agree to be bound by the provisions thereof; (viii) that Tenant will give to the
Mortgagee copies of all notices required or permitted to be given by Tenant to Landlord; and (ix) to any other information reasonably requested. 
 20.2
ENFORCEMENT 
 In the event that Tenant fails to timely deliver an Estoppel Certificate, then such failure shall be a Default for
which there shall be no cure or grace period. In addition to any other remedy available to Landlord, Landlord may impose a charge equal to Five Hundred Dollars ($500.00) for each day that Tenant fails to deliver an Estoppel Certificate; and
(i) Tenant shall be bound to, and deemed to have irrevocably agreed to, the accuracy and truthfulness of the Estoppel Certificate delivered to Tenant, and (ii) Landlord, and any third party receiving such form of Estoppel Certificate,
including a Mortgagee or purchaser, may rely upon the accuracy and truthfulness thereof. 

  
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 ARTICLE 21 

INTENTIONALLY DELETED 

ARTICLE 22 
 REAL ESTATE BROKERS

 Landlord and Tenant each represent to the other that it has not dealt with any real estate broker, sales person, or finder in
connection with this Lease, and no such person initiated or participated in the negotiation of this Lease, or showed the Premises to Tenant. Tenant hereby agrees to indemnify, protect, defend and hold Landlord and the Indemnitees, and Landlord
hereby agrees to indemnify, protect, defend and hold Tenant harmless from and against any and all liabilities and claims for commissions and fees arising out of a breach of the foregoing representation. 

ARTICLE 23 
 MORTGAGEE
PROTECTION 
 23.1 SUBORDINATION AND ATTORNMENT 

This Lease is and shall be expressly subject and subordinate at all times to (i) any ground or underlying lease of the Real Property, now
or hereafter existing, and all amendments, extensions, renewals and modifications to any such lease, and (ii) the lien of any mortgage or trust deed now or hereafter encumbering fee title to the Real Property and/or the leasehold estate under
any such lease, and all amendments, extensions, renewals, replacements and modifications of such mortgage or trust deed and/or the obligation secured thereby, unless such ground lease or ground lessor, or mortgage, trust deed or Mortgagee, expressly
provides or elects that this Lease shall be superior to such lease or mortgage or trust deed. If any such mortgage or trust deed is foreclosed (including any sale of the Real Property pursuant to a power of sale), or if any such lease is terminated,
upon request of the Mortgagee or ground lessor, as the case may be, Tenant shall attorn to the purchaser at the foreclosure sale or to the ground lessor under such lease, as the case may be, provided, however, that such purchaser or ground lessor
shall not be (i) bound by any payment of Rent for more than one (I) month in advance except payments in the nature of security for the performance by Tenant of its obligations under this Lease; (ii) subject to any offset, defense or
damages arising out of a default of any obligations of any preceding Landlord; or (iii) bound by any amendment or modification of this Lease made without the written consent of the Mortgagee or ground lessor; or (iv) liable for any
security deposits not actually received in cash by such purchaser or ground lessor. Notwithstanding the foregoing, Landlord agrees that upon written request from Tenant, Landlord shall request that any future Mortgagee provide a nondisturbance
agreement to Tenant on such Mortgagee’s standard form. In confirmation of such subordination, however, Tenant shall execute promptly any reasonable certificate or instrument that Landlord, Mortgagee or ground lessor may request. Tenant hereby
constitutes Landlord as Tenant’s attorney-in-fact to execute such certificate or instrument for and on behalf of Tenant upon Tenant’s failure to do so within fifteen (15) days after a request to do so. Upon request by such successor
in interest, Tenant shall execute and deliver reasonable instruments confirming the attornment provided for herein. The terms of this paragraph shall survive any termination of this Lease by reason of foreclosure. 

23.2 MORTGAGEE PROTECTION 
 Tenant agrees
to give any Mortgagee or ground lessor, by registered or certified mail, a copy of any notice of default served upon Landlord by Tenant, provided that prior to such notice Tenant has received notice (by way of service on Tenant of a copy of an
assignment of rents and leases, or otherwise) of the address of such Mortgagee or ground lessor. Tenant further agrees that if Landlord shall have failed to cure such default within the time provided for in this Lease, then the Mortgagee or ground
lessor shall have an additional thirty (30) days after receipt of notice thereof within which to cure such default or if such default cannot be cured within that time, then such additional notice time as may be necessary, if, within such thirty
(30) days, any Mortgagee or ground lessor has commenced and is diligently pursuing the remedies necessary to cure such default (including commencement of foreclosure proceedings or other proceedings to acquire possession of the Real Property,
if necessary to effect such cure). Such period of time shall be extended by any period within which such Mortgagee or ground lessor is prevented from commencing or pursuing such foreclosure proceedings or other proceedings to acquire possession of
the Real Property by reason of Landlord’s bankruptcy. Until the time allowed as aforesaid for Mortgagee or ground lessor to cure such defaults has expired without cure, Tenant shall have no right to, and shall not, terminate this Lease on
account of default. This Lease may not be modified or amended so as to reduce the Rent or shorten the Term, or so as to adversely affect in any other respect to any material extent the rights of Landlord, nor shall this Lease be canceled or
surrendered, without the prior written consent, in each instance, of the ground lessor or the Mortgagee. Landlord shall make commercially reasonable efforts to obtain from Landlord’s current Mortgagee a form of non-disturbance agreement in
favor of Tenant on Mortgagee’s standard form, provided that Tenant shall pay any costs associated with obtaining such agreement (which costs shall not exceed Three Thousand Dollars ($3,000.00)) and in no event shall obtaining such agreement be
a condition to Tenant’s execution of or obligations under this Lease. 

  
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 ARTICLE 24 

NOTICES 
 (a) All notices,
demands or requests provided for or permitted to be given pursuant to this Lease must be in writing and shall be personally delivered, sent by FedEx or other reputable overnight courier service, or mailed by first class, registered or certified
United States mail, return receipt requested, postage prepaid. 
 (b) All notices, demands or requests to be sent pursuant to this Lease
shall be deemed to have been properly given or served by delivering or sending the same in accordance with this Article 24, addressed to the parties hereto at their respective addresses listed in Section 1.1. 

(c) Notices, demands or requests sent by mail or overnight courier service as described above shall be effective upon deposit in the mail or
with such courier service. However, except with respect to a notice given under Code of Civil Procedure Section 1161 et seq., the time period in which a response to any such notice, demand or request must be given shall commence to run from
(i) in the case of delivery by mail, the date of receipt on the return receipt of the notice, demand or request by the addressee thereof, or (ii) in the case of delivery by Federal Express or other overnight courier service, the date of
acceptance of delivery by an employee, officer, director or partner of Landlord or Tenant. Rejection or other refusal to accept or the inability to deliver because of changed address of which no notice was given, as indicated by advice from Federal
Express or other overnight courier service or by mail return receipt, shall be deemed to be receipt of notice, demand or request sent. Notices may also be served by personal service upon any officer, director or partner of Landlord or Tenant, and
shall be effective upon such service. 
 (d) By giving to the other party at least thirty (30) days written notice thereof, either party
shall have the right from time to time during the term of this Lease to change their respective addresses for notices, statements, demands and requests, provided such new address shall be within the United States of America. 

ARTICLE 25 
 MISCELLANEOUS

 25.1 LATE CHARGES 
 (a) All
payments required hereunder (other than the Monthly Base Rent, Rent Adjustments, and Rent Adjustment Deposits, which shall be due as hereinbefore provided) to Landlord shall be paid within ten (10) business days after Landlord’s written
invoice therefor together with reasonable back-up information substantiating the invoiced payments. All such amounts (including Monthly Base Rent, Rent Adjustments, and Rent Adjustment Deposits) not paid when due shall bear interest from the date
due until the date paid at the Default Rate in effect on the date such payment was due. 
 (b) In the event Tenant is more than five
(5) days late in paying any installment of Rent due under this Lease, Tenant shall pay Landlord a late charge equal to five percent (5%) of the delinquent installment of Rent, provided, however, that Landlord agrees to waive the first such
late charge in each calendar year during the Tenn. The parties agree that (i) such delinquency will cause Landlord to incur costs and expenses not contemplated herein, the exact amount of which will be difficult to calculate, including the cost
and expense that will be incurred by Landlord in processing each delinquent payment of rent by Tenant, (ii) the amount of such late charge represents a reasonable estimate of such costs and expenses and that such late charge shall be paid to
Landlord for each delinquent payment in addition to all Rent otherwise due hereunder. The parties further agree that the payment of late charges and the payment of interest provided for in subparagraph (a) above are distinct and separate from
one another in that the payment of interest is to compensate Landlord for its inability to use the money improperly withheld by Tenant, while the payment of late charges is to compensate Landlord for its additional administrative expenses in
handling and processing delinquent payments. 
 (c) Payment of interest at the Default Rate and/or of late charges shall not excuse or cure
any default by Tenant under this Lease, nor shall the foregoing provisions of this Article or any such payments prevent Landlord from exercising any right or remedy available to Landlord upon Tenant’s failure to pay Rent when due, including the
right to terminate this Lease. 

  
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 25.2 NO JURY TRIAL; VENUE; JURISDICTION 

To the fullest extent permitted by Laws, each party hereto (which includes any assignee, successor, heir or personal representative of a party)
shall not seek a jury trial, hereby waives trial by jury, and hereby further waives any objection to venue in the County in which the Project is located, and agrees and consents to personal jurisdiction of the courts of the State of California, in
any action or proceeding or counterclaim brought by any party hereto against the other on any matter whatsoever arising out of or in any way connected with this Lease, the relationship of Landlord and Tenant, Tenant’s use or occupancy of the
Premises, or any claim of injury or damage, or the enforcement of any remedy under any statute, emergency or otherwise, whether any of the foregoing is based on this Lease or on tort law. No party will seek to consolidate any such action in which a
jury has been waived with any other action in which a jury trial cannot or has not been waived. It is the intention of the parties that these provisions shall be subject to no exceptions. The provisions of this Section shall survive the expiration
or earlier termination of this Lease. 
 25.3 NO DISCRIMINATION 

Tenant agrees for Tenant and Tenant’s heirs, executors, administrators, successors and assigns and all persons claiming under or through
Tenant, and this Lease is made and accepted upon and subject to the following conditions: that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status,
national origin or ancestry (whether in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the Premises or otherwise) nor shall Tenant or any person claiming under or through Tenant establish or permit any such practice or
practices of discrimination or segregation with reference to the use or occupancy of the Premises by Tenant or any person claiming through or under Tenant. 

25.4 FINANCIAL STATEMENTS 
 Within thirty
(30) days after written request from Landlord from time to time during the Term, Tenant shall provide Landlord with current financial statements setting forth Tenant’s financial condition and net worth for the most recent quarter,
including balance sheets and statements of profits and losses. Such statements shall be prepared by an independent accountant and certified by Tenant’s president, chief executive officer or chief financial officer. Landlord shall keep such
financial information confidential and shall only disclose such information to Landlord’s lenders, consultants, purchasers or investors, or other agents (who shall be subject to the same confidentiality obligations) on a need to know basis in
connection with the administration of this Lease. 
 25.5 OPTION 

This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of this
Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, this Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the
Premises on the terms and conditions herein contained. 
 25.6 AUTHORITY 

Tenant represents and warrants to Landlord that it has full authority and power to enter into and perform its obligations under this Lease,
that the person executing this Lease on Tenant’s behalf is fully empowered to do so, and that no consent or authorization is necessary from any third party. 

Landlord represents and warrants to Tenant that it has full authority and power to enter into and perform its obligations under this Lease,
that the person executing this Lease on Landlord’s behalf is fully empowered to do so, and that no consent or authorization is necessary from any third party. 

25.7 ENTIRE AGREEMENT 
 This Lease, the
Exhibits, and Riders attached hereto contain the entire agreement between Landlord and Tenant concerning the Premises and there are no other agreements, either oral or written, and no other representations or statements, either oral or written, on
which Tenant has relied. This Lease shall not be modified except by a writing executed by Landlord and Tenant. 

  
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 25.8 MODIFICATION OF LEASE FOR BENEFIT OF MORTGAGEE 

If Mortgagee of Landlord requires a modification of this Lease which shall not result in any increased cost or expense to Tenant or in any
other substantial and adverse change in the rights and obligations of Tenant hereunder, then Tenant agrees that this Lease may be so modified. 
 25.9
EXCULPATION 
 Tenant agrees, on its behalf and on behalf of its successors and assigns, that any liability or obligation under this
Lease shall only be enforced against Landlord’s equity interest in the Property and in no event against any other assets of Landlord, or Landlord’s members, officers, directors or partners, and that any liability of Landlord with respect
to this Lease shall be so limited and Tenant shall not be entitled to any judgment in excess of such amount. Notwithstanding anything to the contrary contained herein, in no event shall Landlord be liable to Tenant for consequential, punitive or
special damages with respect to this Lease. 
 25.10 ACCORD AND SATISFACTION 

No payment by Tenant or receipt by Landlord of a lesser amount than any installment or payment of Rent due shall be deemed to be other than on
account of the amount due, and no endorsement or statement on any check or any letter accompanying any check or payment of Rent shall be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to
Landlord’s right to recover the balance of such installment or payment of Rent or pursue any other remedies available to Landlord. No receipt of money by Landlord from Tenant after the termination of this Lease or Tenant’s right of
possession of the Premises shall reinstate, continue or extend the Term. Receipt or acceptance of payment from anyone other than Tenant, including an assignee of Tenant, is not a waiver of any breach of Article 10, and Landlord may accept such
payment on account of the amount due without prejudice to Landlord’s right to pursue any remedies available to Landlord. 
 25.11 LANDLORD’S
OBLIGATIONS ON SALE OF BUILDING 
 In the event of any sale or other transfer of the Building, Landlord shall be entirely freed and
relieved of all agreements and obligations of Landlord hereunder accruing or to be performed after the date of such sale or transfer, and any remaining liability of Landlord with respect to this Lease shall be limited to the amount described in
Section 25.9 and Tenant shall not be entitled to any judgment in excess of such amount. Landlord shall have the right to assign this Lease to an entity comprised of the principals of Landlord or any Landlord Affiliate provided the same assume
all of the assigning Landlord’s obligations under this Lease. Upon such assignment and assumption of the obligations of Landlord hereunder, Landlord shall be entirely freed and relieved of all obligations hereunder. 

25.12 BINDING EFFECT 
 Subject to the
provisions of Article 10, this Lease shall be binding upon and inure to the benefit of Landlord and Tenant and their respective heirs, legal representatives, successors and permitted assigns. 

25.13 CAPTIONS 
 The Article and Section
captions in this Lease are inserted only as a matter of convenience and in no way define, limit, construe, or describe the scope or intent of such Articles and Sections. 

  
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 25.14 TIME; APPLICABLE LAW; CONSTRUCTION 

Time is of the essence of this Lease and each and all of its provisions. This Lease shall be construed in accordance with the Laws of the State
of California. If more than one person signs this Lease as Tenant, the obligations hereunder imposed shall be joint and several. If any term, covenant or condition of this Lease or the application thereof to any person or circumstance shall, to any
extent, be invalid or unenforceable, the remainder of this Lease, or the application of such term, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby and
each item, covenant or condition of this Lease shall be valid and be enforced to the fullest extent permitted by Law. Wherever the word “including” or “includes” is used in this Lease, it shall have the same meaning as if
followed by the phrase “but not limited to”. Wherever the word “day” or “days” is used in this Lease, it shall mean a calendar day or calendar days unless immediately preceded by the word “Business”, in which
event it shall mean a Business Day or Business Days. The language in all parts of this Lease shall be construed according to its normal and usual meaning and not strictly for or against either Landlord or Tenant. 

25.15 ABANDONMENT 
 In the event Tenant
abandons the Premises but is otherwise in compliance with all the terms, covenants and conditions of this Lease, Landlord shall (i) have the right to enter into the Premises in order to show the space to prospective tenants, (ii) have the
right to reduce the services provided to Tenant pursuant to the terms of this Lease to such levels as Landlord reasonably determines to be adequate services for an unoccupied premises, and (iii) during the last six (6) months of the Term,
have the right to prepare the Premises for occupancy by another tenant upon the end of the Term. Tenant expressly acknowledges that in the absence of written notice pursuant to Section 11.2(b) or pursuant to California Civil Code
Section 1951.3 terminating Tenant’s right to possession, none of the foregoing acts of Landlord or any other act of Landlord shall constitute a termination of Tenant’s right to possession or an acceptance of Tenant’s surrender of
the Premises, and this Lease shall continue in effect. 
 25.16 LANDLORD’S RIGHT TO PERFORM TENANT’S DUTIES 

If Tenant fails timely to perform any of its duties under this Lease beyond applicable notice and cure periods, Landlord shall have the right
(but not the obligation), to perform such duty on behalf and at the expense of Tenant with prior written notice to Tenant, and all sums expended or expenses incurred by Landlord in performing such duty shall be deemed to be additional Rent under
this Lease and shall be due and payable upon receipt of Landlord’s invoice therefor together with reasonable back-up documentation. 
 25.17 SECURITY
SYSTEM 
 Landlord, in its sole and absolute discretion, shall install certain card key access and video camera systems respecting
certain main entry points of the Building. Subject to the foregoing, Landlord shall not be obligated to provide or maintain any security patrol or security system. Landlord shall not be responsible for the quality of any such patrol or system which
may be provided hereunder or for damage or injury to Tenant, its employees, invitees or others due to the failure, action or inaction of such patrol or system. 

25.18 NO LIGHT, AIR OR VIEW EASEMENTS 
 Any
diminution or shutting off of light, air or view by any structure which may be erected on lands of or adjacent to the Project shall in no way affect this Lease or impose any liability on Landlord. 

25.19 RECORDATION 
 Neither this Lease, nor
any notice nor memorandum regarding the terms hereof, shall be recorded by Tenant. Any such unauthorized recording shall be a Default for which there shall be no cure or grace period. Tenant agrees to execute and acknowledge, at the request of
Landlord, a memorandum of this Lease, in recordable form. 
 25.20 SURVIVAL 

The waivers of the right of jury trial, the other waivers of claims or rights, the releases and the obligations of Tenant under this Lease to
indemnify, protect, defend and hold harmless Landlord and/or indemnitees shall survive the expiration or termination of this Lease, and so shall all other obligations or agreements which by their terms survive expiration or termination of this
Lease. 

  
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 25.21 OFAC 

(a) Tenant hereby represents and warrants to Landlord, either that (i) Tenant is regulated by the SEC, FINRA or the Federal Reserve (a
“Regulated Entity”) or (ii) neither Tenant nor any person or entity that directly or indirectly (A) controls Tenant or (B) has an ownership interest in Tenant of twenty-five percent (25%) or more, appears on the list of
Specially Designated Nationals and Blocked Persons (“OFAC List”) published by the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury. 

(b) Landlord advises Tenant hereby that the purpose of this Section is to provide to Landlord information and assurances to enable Landlord to
comply with the Laws relating to OFAC. 
 (c) Tenant acknowledges that the breach of the representation and warranty by Tenant under
Section 25.21(a) shall be an immediate Default under this Lease. 
 25.22 INSPECTION BY A CASP IN ACCORDANCE WITH CIVIL CODE SECTION 1938. 

Landlord discloses that to Landlord’s knowledge, neither the Building nor the Premises have undergone inspection by a Certified Access
Specialist. Furthermore, pursuant to Section 1938 of the California Civil Code, Landlord notifies Tenant of the following: “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 California 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 any such CASp inspection, the payment of the costs and fees for the CASp inspection and the cost of making any repairs necessary to correct violations of construction- related accessibility standards
within the Premises.” Tenant agrees that (a) Tenant may, at its option and at its sole cost, cause a CASp to inspect the Premises and determine whether the Premises complies with all of the applicable construction-related accessibility
standards under California law, (b) the parties shall mutually coordinate and reasonably approve of the timing of any such CASp inspection so that Landlord may, at its option, have a representative present during such inspection, and
(c) Tenant shall be solely responsible for the cost of any repairs necessary to correct violations of construction-related accessibility standards within the Premises and Building identified by any such CASp inspection, any and all such
alterations and repairs within the Premises to be performed by Tenant shall be subject to Landlord’s consent and in accordance with this Lease. Landlord and Tenant hereby agree that if Tenant elects to perform a CASp inspection of the Premises,
Tenant will provide written notice to Landlord, and Landlord may elect, in Landlord’s sole discretion, lo retain a CASp to perform the inspection. If Landlord does not so elect, the time and manner of the CASp inspection is subject to the prior
written approval of Landlord. In either event, the payment of the fee for the CASp inspection shall be borne by Tenant. 
 25.23 COUNTERPARTS 

This Lease may be executed in any number of counterparts, each of which shall be deemed an original, but all of which, together, shall
constitute one and the same instrument. Telecopied signatures or signatures transmitted by electronic mail in so-called “pdf’ format or via DocuSign or similar electronic means, may be used in place of original signatures on this Lease.
Landlord and Tenant intend to be bound by the signatures on the telecopied or e-mailed document, are aware that the other party will rely on the telecopied or e-mailed signatures, and hereby waive any defenses to the enforcement of the terms of this
Lease based on such telecopied or e-mailed signatures. Promptly following request by either party, the other party shall provide the requesting party with original signatures on this Lease. 

25.24 EXHIBITS AND RIDERS 
 All exhibits,
riders and/or addenda referred to in this Lease as an exhibit, rider, or addenda hereto, or attached hereto, are hereby incorporated into and made a part of this Lease. 

[Signatures on Following Page] 

  
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 IN WITNESS WHEREOF, this Lease has been executed as of the date set forth in
Section 1.1 hereof. 
  

											
	TENANT:	 		 	LANDLORD:
			
	 CARIBOU BIOSCIENCES, INC.,
 a
Delaware corporation
	 		 	 2929 SEVENTH ST., LLC,
 a California
limited liability company

					
	By:	 	 /s/ Rachel E. Haurwitz
	 	        	 	By:	 	Wareham-NZL, LLC, its Manager
					
	Print Name: Rachel E. Haurwitz	 		 		 	By:	 	 /s/ Richard K. Robbins

					
	Its:	 	 /s/ President and CEO
	 		 		 	Name: Richard K. Robbins
					
	By:	 	 /s/ Barbara G. McClung
	 		 		 	Its: Manger
					
	Print Name: Barbara G. McClung	 		 		 		 	
					
	Its: Chief Legal Officer and Secretary	 		 		 		 	

 EXHIBIT A 

OUTLINE OF PREMISES 
  

 

  
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 EXHIBIT A-1 

OUTLINE OF OFFERING SPACES 
  

 

  
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 EXHIBIT A-2 

PARKING AREAS 
  

 

  
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 EXHIBIT B 

WORKLETTER AGREEMENT 

THIS WORK AGREEMENT (this “Work Agreement”) is attached to and made a part of that certain Lease (the “Lease”) between
2929 Seventh St., LLC (“Landlord”) and Caribou Biosciences, Inc. (“Tenant”). All capitalized terms used but not defined herein shall have the respective meanings given such terms in the Lease. This Work Agreement sets forth the
terms and conditions relating to the construction of the Tenant Work (defined below) in Suite 120. 
 1. Allowance; Tenant Work. 

(a) Allowance. Tenant shall be entitled to the Suite 120 Tenant Improvement Allowance for the costs relating to the design, permitting
and construction of Tenant’s improvements which are affixed to Suite 120 (the “Tenant Work”). Notwithstanding the provisions of Section 12(d) of the Existing Lease First Amendment to the contrary, Tenant shall be responsible for
the construction of any “pass-through” entry between Suites 105 and 120 as part of Tenant Work, at Tenant’s sole cost, subject to the Suite 120 Tenant Improvement Allowance. In no event will Landlord be obligated to make disbursements
pursuant to this Work Agreement in a total amount which exceeds the Suite 120 Tenant Improvement Allowance. Tenant must complete all Tenant Work and have submitted Payment Request Supporting Documentation (defined below) for such work, in each case
subject to day for day extension due to Force Majeure, no later than November 30, 2022, in order to be entitled to receive the Suite 120 Tenant Improvement Allowance for such work. 

(b) Disbursement of the Suite 120 Tenant Improvement Allowance. 

(i) Suite 120 Tenant Improvement Allowance Items. Except as otherwise set forth in this Work Agreement, the Suite 120 Tenant Improvement
Allowance shall be disbursed by Landlord only for the following items and costs (collectively the “Suite 120 Tenant Improvement Allowance Items”): 

(A) Payment of the fees of the Architect and the Building Consultants (as those terms are defined below) and payment of fees and costs
reasonably incurred by Landlord for the review of the Construction Drawings (defined below) by Landlord’s third party consultants; 

(B) The payment of plan check, permit and license fees relating to the Tenant Work; 

(C) The cost of construction of the Tenant Work, including, without limitation, after hours charges, testing and inspection costs, freight
elevator usage, trash removal costs, and contractors’ fees and general conditions; 
 (D) The cost of any changes to the Building when
such changes are required by the Construction Drawings, such cost to include all direct architectural and/or engineering fees and expenses incurred in connection therewith; 

(E) The cost of installation of window film and security systems, which costs may be reimbursed upon providing the documentation (including
lien releases) required in Paragraph 1(b)(ii) below, if such installation is not performed by Contractor (defined below); 
 (F) The cost of
any changes to the Construction Drawings (defined below) or Tenant Work required by applicable building codes (collectively, “Code”); and 

(G) The Coordination Fee (defined below). 

(ii) Disbursement of Suite 120 Tenant Improvement Allowance. During the design and construction of the Tenant Work, Landlord shall make
monthly disbursements of the Suite 120 Tenant Improvement Allowance to reimburse Tenant for Suite 120 Tenant Improvement Allowance Items and shall authorize the release of funds as follows. 

  
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 (A) On or before the fifth
(5th) day of each calendar month (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (1) a request for payment from Contractor approved by Tenant and the
Architect (hereafter defined), in a commercially reasonable form to be provided or approved in advance by Landlord, including a schedule of values and showing the percentage of completion, by trade, of the Tenant Work, which details the portion of
the work completed and the portion not completed; (2) an invoice from the Contractor for labor rendered and materials delivered to Suite 120; and (3) executed conditional mechanic’s lien releases from all of Tenant’s Construction
Parties (defined below) who have lien rights with respect to the subject request for payment (along with unconditional mechanics’ lien releases with respect to payments made pursuant to Tenant’s prior submission hereunder) in compliance
with all applicable laws (collectively, the “Payment Request Supporting Documentation”). 
 (B) Within forty (40) days after
Tenant’s delivery to Landlord of all Payment Request Supporting Documentation, Landlord shall deliver to Tenant payment in an amount equal to the lesser of: (x) the amount so requested by Tenant, as set forth above, less (1) the
applicable Over-Suite 120 Tenant Improvement Allowance Amount (defined in Section 3.2(a) below and (2) a ten percent (10%) retention (the aggregate amount of such retentions to be known as the “Final Retention”), and
(y) the balance of any remaining portion of the Suite 120 Tenant Improvement Allowance (not including the Final Retention), provided that if Landlord reasonably disputes any item in a request for payment based on non-compliance of any work with
the Approved Working Drawings (defined below) or due to any substandard work and delivers a written objection to such item setting forth with reasonable particularity Landlord’s reasons for its dispute (a “Draw Dispute Notice”) within
ten (I 0) Business Days following Tenant’s submission of its Payment Request Supporting Documentation, Landlord may deduct the amount of such disputed item from the payment. Landlord and Tenant shall, in good faith, endeavor to diligently
resolve any such dispute. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment request. 

(C) Subject to the provisions of this Work Agreement, following the final completion of construction of the Tenant Work, Landlord shall
deliver to Tenant a check made payable to Tenant, or a check or checks made payable to another patty or patties as reasonably requested by Tenant, in the amount of the Final Retention, provided that (1) Tenant delivers to Landlord properly
executed unconditional mechanics’ lien releases from all of Tenant’s Construction Parties in compliance with all applicable laws, as reasonably determined by Landlord; (2) Landlord has determined in good faith that no substandard work
exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building;
(3) Architect delivers to Landlord a certificate, in a form finally completed; (4) Tenant supplies Landlord with evidence that all governmental approvals required for an occupant to legally occupy Suite 120 has been obtained; and
(5) Tenant has fulfilled its Completion Obligations (defined below). 
 2. Construction Drawings 

(a) Selection of Architect; Construction Drawings. 

(i) Tenant shall retain an architect approved in writing, in advance by Landlord, such approval not to be unreasonably withheld, conditioned or
delayed (the “Architect”) to prepare the Construction Drawings. Tenant shall retain engineering consultants approved in writing, in advance by Landlord, such approval not to be unreasonably withheld (the “Building Consultants”)
to prepare all plans and engineering working drawings and perform all work relating to mechanical, electrical and plumbing (“MEP”), HVAC/Air Balancing, life-safety, structural, sprinkler and riser work. 

(ii) The plans and drawings to be prepared by Architect and the Building Consultants hereunder (i.e., both the Space Plan and the Working
Drawings, as each term is defined below) shall be known collectively as the “Construction Drawings.” All Construction Drawings shall comply with the drawing format and specifications reasonably determined or approved by Landlord and shall
be subject to Landlord’s prior written 

  
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approval, not to be unreasonably withheld, conditioned or delayed. All MEP drawings must be fully engineered or prepared on a “design-build-assist” basis with a Landlord-approved MEP
basis of design (“BOD”), as prepared by an approved MEP engineer consultant. The MEP drawings cannot be prepared on a strictly “design-build” basis. Landlord’s review of the Construction Drawings shall be for its sole
purpose and shall not obligate Landlord to review the same, for quality, design, Code compliance or other like matters. Accordingly, notwithstanding that any Construction Drawings are reviewed by Landlord or its space planner, architect, engineers
and consultants, and notwithstanding any advice or assistance which may be rendered to Tenant by Landlord or Landlord’s space planner, architect, engineers, and consultants, Landlord shall have no liability whatsoever in connection therewith
and shall not be responsible for any omissions or errors contained in the Construction Drawings. 
 (b) Space Plan. Tenant shall
supply Landlord for Landlord’s review and approval with a copy (which may be in electronic form) of its space plan for Suite 120 (“Space Plan”) before any architectural working drawings or engineering drawings have been commenced. The
Space Plan shall include a layout and designation of all laboratory facilities, offices, rooms and other partitioning, their intended use, and equipment to be contained therein. Landlord may request clarification or more specific drawings for
special use items not included in the Space Plan. Landlord shall advise Tenant within ten (10) Business Days after Landlord’s receipt of the Space Plan (or, if applicable, such additional information requested by Landlord pursuant to the
provisions of the immediately preceding sentence) if the same is approved or is unsatisfactory or incomplete in any respect. Upon any disapproval by Landlord, Tenant shall promptly cause the Space Plan to be revised to correct any deficiencies or
other matters Landlord may reasonably require. 
 (c) Working Drawings. After the Space Plan has been approved by Landlord, Tenant
shall supply the Architect and the Building Consultants with a complete listing of standard and electrical requirements and special electrical receptacle requirements, to enable the Architect and the Building Consultants to complete the Working
Drawings and shall cause the Architect and the Engineers to promptly complete the architectural and engineering drawings, and Architect shall compile a fully coordinated set of drawings, including, as applicable, depending on the nature of the
Tenant Work, architectural, structural, mechanical, electrical, plumbing, fire sprinkler and life safety in a form which is complete to allow subcontractors to bid on the work and to obtain all applicable permits (collectively, the “Working
Drawings”) and shall submit the same to Landlord for Landlord’s review and approval. Tenant shall supply Landlord with a copy (which may be in electronic form), and at least one (I) “hard” copy (which may be a half-sized
set), of the Working Drawings. Landlord shall advise Tenant within ten (10) Business Days after Landlord’s receipt of the Working Drawings if Landlord, in good faith, determines that the same are approved or are unsatisfactory or
incomplete. If Tenant is so advised, Tenant shall promptly revise the Working Drawings to correct any deficiencies or other matters Landlord may reasonably require. 

(d) Landlord’s Approval. Tenant acknowledges that it shall be deemed reasonable for Landlord to disapprove the Space Plan and any
subsequent Working Drawings unless, at a minimum, the same are prepared on the basis that the sprinkler systems shall be designed in compliance with the specifications provided by FM Global. Additionally, Landlord’s approval of any matter under
this Work Agreement may be withheld if Landlord reasonably determines that the same would violate any provision of the Lease or this Work Agreement or would materially and adversely affect the mechanical, electrical, plumbing, heating, ventilating
and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building. 

3. Construction of the Tenant Work 

(a) Tenant’s Selection of Contractors. 

(i) The Contractor. Tenant shall retain Rossi Builders to construct the Tenant Work (the “Contractor”). 

(ii) Tenant’s Construction Parties. All subcontractors, laborers, materialmen, and suppliers used by Tenant (such subcontractors,
laborers, materialmen, and suppliers, and the Contractor to be known collectively as “Tenant’s Construction Parties”) must be approved in writing by Landlord, in Landlord’s reasonable discretion, provided that Landlord will
require Tenant to retain the Building Consultants, if applicable. All of Tenant’s Construction Parties shall be licensed in the State of California. 

  
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 (b) Construction of Tenant Work by Tenant’s Construction Parties. 

(i) Construction Contract. Prior to Tenant’s execution of the construction contract and general conditions with Contractor (the
“Contract”), Tenant shall submit the Contract to Landlord for its approval, which approval shall not be unreasonably withheld or delayed. Prior to the commencement of the construction of the Tenant Work, Tenant shall provide Landlord with
a schedule of values consisting of a detailed breakdown, by trade, of the final costs to be incurred or which have been incurred, for all Suite 120 Tenant Improvement Allowance Items in connection with the design and construction of the Tenant Work,
which costs form the basis for the amount of the Contract (“Final Costs”). Prior to the commencement of construction of the Tenant Work, difference between the amount of the Final Costs and the amount of the Suite 120 Tenant Improvement
Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the commencement of construction of the Tenant Work), and Landlord will reimburse Tenant on a monthly basis, as
described in Section 1.2(b)(ii) above, for a percentage of each amount requested by the Contractor or otherwise to be disbursed under this Work Agreement, which percentage shall be equal to the Suite 120 Tenant Improvement Allowance divided by
the amount of the Final Costs (after deducting from the Final Costs any amounts expended in connection with the preparation of the Construction Drawings, and the cost of all other Suite 120 Tenant Improvement Allowance Items incurred prior to the
commencement of construction of the Tenant Work), and Tenant shall be solely responsible for any Over- Allowance Amount. If, after the Final Costs have been initially determined, the costs relating to the
design and construction of the Tenant Work shall change, any additional costs for such design and construction in excess of the Final Costs shall be added to the Over-Allowance Amount and the Final Costs, and Landlord’s reimbursement
percentage, shall be recalculated in accordance with the terms of the immediately preceding sentence. Notwithstanding anything set forth herein to the contrary, construction of the Tenant Work shall not commence until Tenant has procured and
delivered to Landlord a copy of all Permits for the applicable Tenant Work. 
 (ii) Construction Requirements. 

(A) Landlord’s General Conditions for Tenant’s Contractor and the Tenant Work. Construction of the Tenant Work shall comply
with the following: (I) the Tenant Work shall be constructed in strict accordance with the Approved Working Drawings and Landlord’s then-current published construction guidelines; and (2) Tenant shall abide by all reasonable rules
made by Landlord’s building manager with respect to the use of contractor parking, materials delivery, freight, loading dock and service elevators, any required shutdown of utilities (including life-safety systems), storage of materials,
coordination of work with the contractors of Landlord, and any other matter in connection with this Work Agreement, including, without limitation, the construction of the Tenant Work. Tenant shall pay an oversight and supervisory fee (the
“Coordination Fee”) to Landlord in an amount equal to three percent (3%) of the “hard” portion of the Final Costs. 

(B) Indemnity. Tenant’s indemnity of Landlord as set forth in the Lease shall also apply with respect to any and all costs,
losses, damages, injuries and liabilities related in any way to any act or omission of Tenant or Tenant’s Construction Parties, or anyone directly or indirectly employed by any of them, or in connection with Tenant’s non-payment of any
amount arising out of the Tenant Work and/or Tenant’s disapproval of all or any portion of any request for payment. 
 (C)
Requirements of Contractor. Tenant’s Contractor shall guarantee to Tenant and for the benefit of Landlord that the portion of the Tenant Work for which it is responsible shall be free from any defects in workmanship and materials for a
period of not less than one (I) year from the date of completion thereof. Tenant’s Contractor shall be responsible for the replacement or repair, without additional charge, of all work done or furnished in accordance with its contract that
shall become defective within one (I) year after the completion of the work performed by Contractor. The correction of such work shall include, without additional charge, all additional expenses and damages incurred in connection with the
removal or replacement of all or any part of the Tenant Work, and/or the Building and/or common areas that is damaged or disturbed thereby. All such warranties or guarantees as to materials or workmanship of or with respect to the Tenant Work shall
be contained in the Contract and shall be written such that such guarantees or warranties shall inure to the benefit of both Landlord and Tenant, as their respective interests may appear, and can be directly enforced by either. Tenant covenants to
give to Landlord any assignment or other assurances as may be reasonably necessary to effect such right of direct enforcement. 

  
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 (iii) Insurance Requirements. 

(A) General Coverages. All of Tenant’s Construction Parties shall carry employer’s liability and worker’s compensation
insurance covering all of their respective employees, and shall also carry commercial general liability insurance, including personal and bodily injury, property damage and completed operations liability, all with limits, in form and with companies
as are required to be carried by Tenant as set forth in the Lease. 
 (B) Special Coverages. Tenant or Contractor shall carry
“Builder’s All Risk” insurance in an amount approved by Landlord covering the construction of the Tenant Work, and such other insurance as Landlord may require, it being understood and agreed that the Tenant Work shall be insured by
Tenant pursuant to the Lease immediately upon completion thereof. Such insurance shall be in amounts and shall include such extended coverage endorsements as may be reasonably required by Landlord, and shall be in form and with companies as are
required to be carried by Tenant as set forth in the Lease. 
 (C) General Terms. Certificates for all of the foregoing insurance
coverage shall be delivered to Landlord before the commencement of construction of the Tenant Work and before the Contractor’s equipment is moved onto the site. Tenant’s Construction Parties shall maintain all of the foregoing insurance
coverage in force until its portion of the Tenant Work is fully completed, except for any Products and Completed Operations Coverage insurance required of Contractor by Landlord, which is to be maintained for one (1) year following completion
of the work and acceptance by Landlord and Tenant. All commercial general liability policies required under this Section shall name Landlord and Wareham Property Group as additional insureds. All insurance, required of Tenant’s Construction
Parties under this Section, except Workers’ Compensation, shall preclude subrogation claims by the insurer against anyone insured thereunder, and shall provide that it is primary insurance as respects Landlord and Tenant and that any other
insurance maintained by Landlord or Tenant is excess and noncontributing with the insurance required hereunder. The requirements for the foregoing insurance shall not derogate from the provisions for indemnification of Landlord by Tenant under the
Lease and/or this Work Agreement. 
 (iv) Governmental Compliance. The Tenant Work shall comply in all respects with the following:
(A) the Code and other federal, state, city and/or quasi-governmental laws, codes, ordinances and regulations, as each may apply according to the rulings of the controlling public official, agent or other person or entity (collectively,
“Legal Requirements”); and (B) building material manufacturer’s specifications, if any, received by Tenant with respect to the Tenant Work. 

(v) Inspection by Landlord. Prior to substantial completion of the Tenant Work, Landlord shall have the right, without delaying the
prosecution of the Tenant Work, to inspect the same upon reasonable prior written notice to Tenant, provided however, that Landlord’s hereunder nor shall Landlord’s inspection of the Tenant Work constitute Landlord’s approval of the
same. Should Landlord disapprove any portion of the Tenant Work, such disapproval shall be limited to non-conformance of the Tenant Work with Legal Requirements and/or the Approved Working Drawings, and Landlord shall notify Tenant in writing of
such disapproval and shall specify the non-conformance with Legal Requirements and/or the Approved Working Drawings. Any such non-conforming items disapproved by Landlord shall be promptly rectified by Tenant at no expense to Landlord. 

(vi) Meetings. Tenant shall hold periodic meetings at a reasonable time with the Contractor regarding the progress of the Tenant Work,
and Landlord and/or its agents shall receive prior written notice of, and shall have the right to attend, all such meetings. Minutes may be taken at all such meetings, and Landlord will be included in the distribution list for such minutes. One such
meeting each month shall include the review of Contractor’s current request for payment. 
 (c) Notice of Completion; Copy of Record
Set of Plans. Within thirty (30) days after completion of construction of the Tenant Work, Tenant shall cause a Notice of Completion to be recorded in the office of the Recorder of Alameda. Within sixty (60) days following the
completion of construction, (i) Tenant shall cause the Architect (A) to update the Approved Working Drawings as necessary to reflect all changes made to the Approved Working Drawings during the course of construction, (B) to certify
to its knowledge that the updated drawings are true and correct, and (C) to deliver to Landlord such updated drawings in accordance with Landlord’s then-current CAD requirements, and (ii) Tenant shall deliver to Landlord a copy of all
warranties, guaranties, and operating manuals, if any, in Tenant’s possession relating to the Tenant Work. Tenant’s obligations set forth in this Section are collectively referred to as the “Completion Obligations.” 

  
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 4. Landlord Work. Tenant shall accept possession of Suite 120 on the terms set forth
in Section 2.4 of the Lease; provided, however, that prior to tendering possession of Suite 120 to Tenant, Landlord shall patch and paint (using Building standard colors and materials) any holes in the walls of Suite 120 that are in excess of
the size that would be considered part of ordinary wear and tear”, as reasonably determined by Landlord. 
 5. Miscellaneous.

 (a) Tenant’s Representative. Tenant has designated Cindy Hayashi as its sole representative with respect to the matters set
forth in this Work Agreement, until further notice to Landlord, who shall have full authority and responsibility to act on behalf of Tenant as required in this Work Agreement. 

(b) Landlord’s Representative. Landlord has designated Lisa Vogel as its sole representative with respect to the matters set forth
in this Work Agreement, who, until further notice to Tenant, shall have full authority and responsibility to act on behalf of Landlord as required in this Work Agreement. 

(c) Tenant’s Default. Notwithstanding any provision to the contrary contained in the Lease, if a Default by Tenant under the Lease
(including, without limitation, this Work Agreement) has occurred at any time on or before the substantial completion of the Tenant Work, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, Landlord
shall Allowance, and (ii) all other obligations of Landlord under the terms of this Work Agreement shall be deferred until such time as such Default is cured pursuant to the terms of the Lease. 

  
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 EXHIBIT C-1 

LABORATORY RULES AND REGULATIONS 

1. Any laboratory equipment (glass and cage washers, sterilizers, centrifuges, etc.) being used during Standard Operating Hours must be
properly insulated for noise to prevent interruption of other tenants’ business. Landlord reserves the right to request all equipment be insulated prior to occupancy. Should other tenants complain of unreasonable levels of noise from the
laboratory tenant’s laboratory operations, the laboratory tenant will be responsible for abating any unreasonable noise levels, at the laboratory tenant’s sole cost. 

2. Subject to the terms of the laboratory tenant’s lease with Landlord (including any Landlord waivers or releases of subrogation and
other claims relating to property damage), any damage to property due to leaks from the laboratory tenant’s laboratory equipment will be the sole responsibility of the laboratory tenant. Should damage occur in other tenant spaces due to such
leaks, any and all damages and clean-up will be the responsibility of the laboratory tenant. 
 3. Animal activities are a recognized and
necessary process in the biotech industry. Such activities may only be conducted by laboratory tenants pursuant to all the requirements of their respective lease (including any “Use” clause) and require specific, written approval by
Landlord in advance. Any animal activities shall be conducted pursuant to all regulations, standards and best industry practices relating to them. 

4. The Project is a mixed-use facility, and laboratory tenants share space with office tenants. To reduce the potential interaction with office
tenants and their employees and visitors with any biotech animal operations, any animal testing performed, any deliveries of animals and any equipment, foods, cleaners, etc. associated with animal activities, must be coordinated through the loading
dock after hours and with the cooperation of the building management and security personnel. The laboratory tenant should make every effort to handle any deliveries relating to animal activities outside of Standard Operating Hours. The freight
elevator, if any, must be used at all times. No cartons, containers or cardboard boxes bearing the nature of contents may be stored or left in common area spaces, including any garage/freight areas. Feed bags, animal carriers, and any and all other
related containers must be disposed of properly and with discretion. 
 5. All exterior signage relating to laboratory operations (i.e.,
visible to common areas, including corridors) must be kept to the minimum required by Laws. To the extent provided in the laboratory tenant’s lease, all signs must have Landlord’s approval prior to installation. 

  
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 EXHIBIT C-2 

RULES AND REGULATIONS 
 1.
No sidewalks, entrance, passages, courts, elevators, vestibules, stairways, corridors or halls shall be obstructed or encumbered by Tenant or used for any purpose other than ingress and egress to and from the Premises. 

2. No awning or other projection shall be attached to the outside walls or windows of the Project without the prior written consent of
Landlord. No curtains, blinds, shades, drapes or screens shall be attached to or hung in, or used in connection with any window or door of the Premises, without the prior written consent of Landlord. Such awnings, projections, curtains, blinds,
shades, drapes, screens and other fixtures must be of a quality, type, design, color, material and general appearance approved by Landlord, and shall be attached in the manner approved by Landlord. All lighting fixtures hung in offices or spaces
along the perimeter of the Premises must be of a quality, type, design, bulb color, size and general appearance approved by Landlord. 
 3.
No sign, advertisement, notice, lettering, decoration or other thing shall be exhibited, inscribed, painted or affixed by Tenant on any part of the outside or inside of the Premises or of the Project, without the prior written consent of Landlord.
In the event of the violation of the foregoing by Tenant, Landlord may remove same without any liability, and may charge the expense incurred by such removal to Tenant. 

4. The sashes, sash doors, skylights, windows and doors that reflect or admit light or air into the halls, passageways or other public places
in the Project shall not be covered or obstructed by Tenant, nor shall any bottles, parcels or other articles be placed on the window sills or in the public portions of the Project. 

5. No showcases or other articles shall be put in front of or affixed to any part of the exterior of the Project, nor placed in public portions
thereof without the prior written consent of Landlord. 
 6. The water and wash closets and other plumbing fixtures shall not be used for any
purposes other than those for which they were constructed, and no sweepings, rubbish, rags or other substances shall be thrown therein. All damages resulting from any misuse of the fixtures shall be borne by Tenant to the extent that Tenant or
Tenant’s agents, servants, employees, contractors, visitors or licensees shall have caused the same. 
 7. Tenant shall not mark, paint,
drill into or in any way deface any part of the Premises or the Project without in each instance obtaining the prior consent of Landlord to the extent required under the terms of the Lease of which these Rules and Regulations are a part (the
“Lease”). No boring, cutting or stringing of wires shall be permitted, except with the prior written consent of Landlord to the extent required under the terms of the Lease. 

8. No animal or bird of any kind shall be brought into or kept in or about the Premises or the Project by Tenant, except “service
animals” under the ADA or any other applicable Law. 
 9. Tenant shall reasonably cooperate, at no cost or expense to Tenant, with
Landlord’s efforts to implement the Project’s Sustainability Practices and the applicable Green Building Standards, including, but not limited to, complying with Landlord’s then-current energy saving efforts and participating in any
recycling programs and occupant satisfaction and transportation surveys. 
 10. Prior to leaving the Premises for the day, Tenant shall draw
or lower window coverings and extinguish all lights. 
 11. Tenant shall regularly conduct cleaning and janitorial activities in the
Premises, especially in bathrooms, kitchens and janitorial spaces, to remove and prevent mildew and shall comply with the Project’s Sustainability Practices and Tenant is strongly encouraged to comply with the applicable Green Building
Standards. 
 12. Tenant shall not make, or permit to be made, in the Premises, any unseemly or disturbing noises or unreasonably disturb or
interfere with other occupants of the Building, or neighboring buildings or premises, or those having business with them. Tenant shall not throw anything out of the doors, windows or skylights or down the passageways. 

  
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 13. Neither Tenant nor any of Tenant’s agents, servants, employees, contractors,
visitors or licensees shall at any time bring or keep upon the Premises any flammable, combustible or explosive fluid, chemical or substance, except in accordance with Laws. 

14. No additional locks, bolts or mail slots of any kind shall be placed upon any of the doors or windows of the Premises by Tenant, nor shall
any change be made in existing locks or the mechanism thereof, without in each instance first obtaining the prior written consent of Landlord to the extent required under the terms of the Lease. Tenant must, upon the termination of the tenancy,
restore to Landlord all keys of stores, offices and toilet rooms, either furnished to, or otherwise procured by Tenant, and in the event of the loss of any keys so furnished, Tenant shall pay to Landlord the cost thereof. 

15. All removals, or the carrying in or out of any safes, freight, furniture, construction material, bulky matter or heavy equipment of any
description must take place during the hours which Landlord or its agent may determine from time to time. Landlord reserves the right to prescribe the weight and position of all safes, which must be placed upon two-inch thick plank strips to
distribute the weight. The moving of safes, freight, furniture, fixtures, bulky matter or heavy equipment of any kind must be made upon previous notice to the building manager appointed by Landlord and made known in writing to Tenant and in a manner
and at times prescribed by the Building Manager, and the persons employed by Tenant for such work are subject to Landlord’s reasonable prior approval. Landlord reserves the right to inspect all safes, freight or other bulky articles to be
brought into the Project and to exclude from the Project all safes, freight or other bulky articles which exceed the load bearing capacity of the floors of the Building or which violate any of these Rules and Regulations or the Lease of which these
Rules and Regulations are a part. 
 16. Tenant shall not purchase janitorial or maintenance or other like service from any company or
persons not reasonably approved by Landlord. Landlord shall approve a sufficient number of sources of such services to provide Tenant with a reasonable selection, but only in such instances and to such extent as Landlord in its judgment shall
consider consistent with security and proper operation of the Project. 
 17. Landlord shall have the right to prohibit any advertising or
business conducted by Tenant referring to the Project which, in Landlord’s opinion, tends to impair the reputation of the Project or its desirability as a first class building for offices and/or commercial services and upon notice from
Landlord, Tenant shall refrain from or discontinue such advertising. 
 18. Landlord reserves the right to exclude from the Project between
the hours of 6:00 p.m. and 8:00 a.m. Monday through Friday, after I:00 p.m. on Saturdays and at all hours Sundays and legal holidays, all persons who do not present a pass to the Project issued by Landlord. Landlord may furnish passes to Tenant so
that Tenant may validate and issue same. Tenant shall safeguard said passes and shall be responsible for all acts of persons in or about the Project who possess a pass issued to Tenant. 

19. Tenant’s vendors and contractors shall, while in the Premises or elsewhere in the Project, be subject to and under the control and
direction of the Building Manager (but not as agent or servant of said Building Manager or of Landlord) and, prior to commencing any work, shall be required to maintain (and provide certificates of) such insurance coverage as reasonably approved by
Landlord. 
 20. If the Premises is or becomes infested with vermin as a result of the use or any misuse or neglect of the Premises by
Tenant, its agents, servants, employees, contractors, visitors or licensees, Tenant shall forthwith at Tenant’s expense cause the same to be exterminated from time to time to the satisfaction of Landlord and shall employ such licensed
exterminators as shall be approved in writing in advance by Landlord. 
 21. The requirements of Tenant will be attended to only upon
application at the office of the Project. Project personnel shall not perform any work or do anything outside of their regular duties unless under special instructions from the office of Landlord. 

  
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 22. Canvassing, soliciting and peddling in the Project are prohibited and Tenant shall
cooperate to prevent the same. 
 23. No water cooler, air conditioning unit or system or other apparatus shall be installed or used by
Tenant without the written consent of Landlord to the extent required by the terms of the Lease. 
 24. There shall not be used in any
premises, or in the public halls, plaza areas, lobbies, or elsewhere in the Project, either by Tenant, Tenant’s contractors or others, in the delivery or receipt of merchandise, any hand trucks or dollies, except those equipped with rubber
tires and sideguards. 
 25. Tenant, Tenant’s agents, servants, employees, contractors, licensees, or visitors shall not park any
vehicles in any driveways, service entrances, or areas posted “No Parking” and shall comply with any other parking restrictions imposed by Landlord from time to time , so long as such restrictions are consistent with the terms of the
Lease. 
 26. Tenant shall install and maintain, at Tenant’s sole cost and expense, an adequate visibly marked (at all times properly
operational) fire extinguisher next to any duplicating or photocopying machine or similar heat producing equipment, which may or may not contain combustible material, in the Premises. 

27. Tenant shall not use the name of the Project for any purpose other than as the address of the business to be conducted by Tenant in the
Premises, nor shall Tenant use any picture of the Project in its advertising, stationery or in any other manner without the prior written permission of Landlord. Landlord expressly reserves the right at any time to change said name without in any
manner being liable to Tenant therefor. 
 28. Tenant shall not prepare any food nor do any cooking, operate or conduct any restaurant,
luncheonette or cafeteria for the sale or service of food or beverages to its employees or to others, except that food and beverage preparation by Tenant’s employees using microwave ovens or coffee makers shall be permitted provided no odors of
cooking or other processes emanate from the Premises. Tenant shall not install or permit the installation or use of any vending machine or permit the delivery of any food or beverage to the Premises except by such persons and in such manner as are
approved in advance in writing by Landlord. 
 29. The Premises shall not be used as an employment agency, a public stenographer or typist, a
labor union office, a physician’s or dentist’s office, a dance or music studio, a school, a beauty salon, or barber shop, the business of photographic reproductions or offset printing, a restaurant or bar, an establishment for the sale of
confectionery, soda, beverages, sandwiches, ice cream or baked goods, an establishment for preparing, dispensing or consumption of food or beverages of any kind in any manner whatsoever, or news or cigar stand, or a radio, television or recording
studio, theatre or exhibition hall, or the sale of merchandise, goods or property of any kind at auction, or for lodging or sleeping. 
 30.
Business machines and mechanical equipment shall be placed and maintained by Tenant at Tenant’s expense in settings sufficient in Landlord’s judgment to absorb and prevent vibration, noise and annoyance. Tenant shall not install any
machine or equipment which causes noise, heat, cold or vibration to be transmitted to the structure of the building in which the Premises are located without Landlord’s prior written consent, which consent may be conditioned on such terms as
Landlord may require. Tenant shall not place a load upon any floor of the Premises exceeding the floor load per square foot that such floor was designed to carry and which is allowed by Law. 

31. Tenant shall not store any vehicle within the parking area. Tenant’s parking rights are limited to the use of parking spaces for
short-term parking, of up to twenty-four (24) hours, of vehicles utilized in the normal and regular daily travel to and from the Project. Tenants who wish to park a vehicle for longer than a 24-hour period shall notify the Building Manager for
the Project and consent to such long-term parking may be granted for periods up to two (2) weeks. Any motor vehicles parked without the prior written consent of the Building Manager for the Project for longer than a 24-hour period shall be
deemed stored in violation of this rule and regulation and shall be towed away and stored at the owner’s expense or disposed of as provided by Law. 

  
 - 71 - 

 32. Smoking is prohibited in the Premises, the Building and all enclosed Common Areas of the
Project, including all lobbies, all hallways, all elevators and all lavatories. “Smoking”, as used herein, shall be deemed to include the use of e-cigarettes, smokeless cigarettes and other similar products. All rules and regulations set
forth in this Exhibit C applicable to smoking also apply to the use of e-cigarettes, smokeless cigarettes and other similar products. 
 33.
Tenant shall not store any items within 18 inches of a sprinkler head. 
 34. Building ladders, other than fixed ladders, are not to be used
by Tenant, Tenant’s agents, servants, employees, contractors, licensees or visitors. 
 35. Electrical power strips (other than for
standard office desktop equipment) and portable “space heaters” are not permitted. 
 36. Tenants are not permitted to open an
electrical panel. Tenants are required to contact Landlord to reset a circuit breaker. 
 37. Tenant shall reimburse Landlord for the cost
(plus an administrative charge at Landlord’s then prevailing rate) of Landlord providing any special services or work requested in writing by Tenant to the extent such services or work are not specifically set forth as a Landlord obligation in
the Lease. 

  
 - 72 - 

 EXHIBIT D 

CAMPUS 
  

 

  
 - 73 -EX-10.24

 Exhibit 10.24 

OFFICER EMPLOYMENT AGREEMENT 

This Officer Employment Agreement (“Agreement”) is made as June 30, 2017 (“Effective Date”), and is by and between
Caribou Biosciences, Inc., a Delaware corporation, having an address at 2929 7th Street, Suite 105, Berkeley, CA 94710 (the “Company”), and Rachel E. Haurwitz, Ph.D. (the
“Officer”). 
 WHEREAS, the Company desires to continue to employ the Officer and the Officer desires to continue to be employed
by the Company on the new terms and conditions contained herein. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 

1. Employment. 
 a. Term.
The term of this Agreement shall commence on the Effective Date and continue until terminated in accordance with the provisions hereof (the “Term”). 

b. Position and Duties. During the Term, the Officer shall serve as the President and Chief Executive Officer of the Company, and shall
have supervision and control over and responsibility for the day-to-day business and affairs of the Company as may from time to time be prescribed by the Company’s
Board of Directors of the Company, provided that such duties are consistent with the Officer’s position or other positions that he or she may hold from time to time. The Officer shall devote substantially all of his or her full working time and
efforts to the business of the Company. Notwithstanding the foregoing, the Officer may serve on other boards of directors, with the approval of the Board, or sit on the governing boards of, or hold leadership positions related to community,
charitable, academic, and religious activities as long as such services and activities are disclosed to the Board and do not materially interfere with the Officer’s performance of his or her duties to the Company as provided in this Agreement.

 2. Compensation and Related Matters. 

a. Base Salary. During the Term, the Officer’s initial annual base salary shall be $325,000.00. The Officer’s base salary
shall be reviewed from time to time by the Company’s Board of Directors (“Board”) or the Compensation Committee of the Board. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base
Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices. 
 b. Incentive Compensation.
During the Term, the Officer shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Officer’s initial target annual incentive compensation shall be 35% of his or
her Base Salary. Except as otherwise provided herein, to earn incentive compensation, the Officer must be employed by the Company on the day such incentive compensation is paid. 

c. Company Benefits. The Officer shall be entitled to all benefits received by employees of the Company in accordance with the
Company’s policies and plans. 
 3. Termination. During the Term, the Officer’s employment hereunder may be terminated
without any breach of this Agreement under the following circumstances: 
 a. Termination by the Company for Cause. The Company
may terminate the Officer’s employment hereunder for Cause. For purposes of this Agreement, “Cause” shall mean: (i) conduct by the Officer constituting a material act of misconduct in connection with the performance of his or her
duties, including, without limitation, misappropriation of funds or property of the Company or any of its subsidiaries or affiliates other than the occasional, customary, and de minimis use of Company property for personal purposes; (ii) the
commission by the Officer of any felony or a misdemeanor involving moral turpitude, deceit, dishonesty or fraud, or any conduct by the Officer that would reasonably be expected to result in material injury or reputational harm to the Company or any
of its subsidiaries and affiliates if he or she were retained in his or her position; (iii) continued non-performance by the Officer of his or 

 
her duties hereunder (other than by reason of the Officer’s physical or mental illness, incapacity or disability) that has continued for more than 30 days following written notice of
such non-performance from the Board; (iv) a material violation by the Officer of the Company’s written policies; or (v) failure to cooperate with a bona fide internal investigation or an
investigation by regulatory or law enforcement authorities, after being instructed by the Company to cooperate, or the willful destruction or failure to preserve documents or other materials known to be relevant to such investigation or the
inducement of others to fail to cooperate or to produce documents or other materials in connection with such investigation. 
 b.
Termination by the Company Without Cause. The Company may terminate the Officer’s employment hereunder at any time without Cause upon written notice of such termination (“Notice of Termination”). Any termination by the Company
of the Officer’s employment under this Agreement which does not constitute a termination for Cause under Section 3(a) and does not result from the death or disability of the Officer under Section 3(d) or (e), respectively, shall be
deemed a termination without Cause. 
 c. Termination by the Officer. The Officer may terminate his or her employment hereunder at
any time for any reason, including but not limited to Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Officer has complied with the “Good Reason Process” (hereinafter defined) following the
occurrence of any of the following events: (i) a material diminution in the Officer’s responsibilities, authority or duties; (ii) a decrease of more than 10% of the Officer’s Base Salary except for
across-the-board salary reductions based on the Company’s financial performance similarly affecting all officers of the Company; (iii) a change by the Company
in the Company location at which the Officer performs his or her duties to a location that is more than 50 miles (driving distance) from the original location; or (iv) the material breach of this Agreement by the Company. “Good Reason
Process” shall mean that (i) the Officer reasonably determines in good faith that a “Good Reason” condition has occurred; (ii) the Officer notifies the Company in writing of the first occurrence of the Good Reason condition
within 30 days of the first occurrence of such condition; (iii) the Officer cooperates in good faith with the Company’s efforts, for a period of 30 days following such notice (the “Cure Period”), to remedy the
condition; (iv) notwithstanding such efforts, the Good Reason condition continues to exist; and (v) the Officer terminates his or her employment within 30 days after the end of the Cure Period. If the Company cures the Good Reason
condition during the Cure Period, Good Reason shall be deemed not to have occurred. 
 d. Death. The Officer’s employment
hereunder shall terminate upon his or her death. 
 e. Disability. The Company may terminate the Officer’s employment if he or
she is disabled and unable to perform the essential functions of the Officer’s then existing position or positions under this Agreement with or without reasonable accommodation for a period of 180 days (which need not be consecutive) in
any 12-month period and the Company shall provide a Notice of Termination at that time. If any question shall arise as to whether during any period the Officer is disabled so as to be unable to perform the
essential functions of the Officer’s then existing position or positions with or without reasonable accommodation, the Officer may, and at the request of the Company shall, submit to the Company a certification in reasonable detail by a
physician selected by the Company to whom the Officer or the Officer’s guardian has no reasonable objection as to whether the Officer is so disabled or how long such disability is expected to continue, and such certification shall for the
purposes of this Agreement be conclusive of the issue. The Officer shall cooperate with any reasonable request of the physician in connection with such certification. If such question shall arise and the Officer shall fail to submit such
certification, the Company’s determination of such issue shall be binding on the Officer. Nothing in this Section 3(b) shall be construed to waive the Officer’s rights, if any, under existing federal and state law including, without
limitation, the Family and Medical Leave Act of 1993, 29 U.S.C. §2601, et seq. and the Americans with Disabilities Act, 42 U.S.C. §12101, et seq. 

f. Notice of Termination. Except for termination as specified in Section 3(d), any termination of the Officer’s employment by
the Company or any such termination by the Officer shall be communicated by written Notice of Termination to the other party hereto. For purposes of this Agreement, a “Notice of Termination” shall mean a written notice which shall indicate
the specific termination provision in this Agreement relied upon. 
 g. Date of Termination. “Date of Termination” shall
mean: (i) if the Officer’s employment is terminated by the Company for Cause under Section 3(a) or without Cause under Section 3(b) or on account of disability under Section 3(e), the date on which Notice of Termination is
given; (ii) if the Officer’s employment is terminated by the Officer under Section 3(c) without Good Reason, 30 days after the date on which a Notice of 

  
 - 2 - 

 
Termination is given; (iii) if the Officer’s employment is terminated by the Officer under Section 3(c) with Good Reason, the date on which a Notice of Termination is given after
the end of the Cure Period; and (iv) if the Officer’s employment is terminated by his or her death, the date of his or her death. Notwithstanding the foregoing, in the event that the Officer gives a Notice of Termination to the Company
under Section 3(c), the Company may unilaterally and solely at its own discretion accelerate the Date of Termination and such acceleration shall not result in a termination by the Company for purposes of this Agreement; provided, however, that
in no event shall such accelerated Date of Termination be earlier than the date on which the Notice of Termination is delivered to the Company. 
 4.
Compensation Upon Termination. 
 a. Termination Generally. If the Officer’s employment with the Company is
terminated for any reason, the Company shall pay or provide to the Officer (or to his or her authorized representative or estate) (i) any Base Salary earned through the Date of Termination, unpaid expense reimbursements in accordance with
Company policy, and unused vacation that accrued through the Date of Termination on or before the time required by law but in no event more than 30 days after the Officer’s Date of Termination; and (ii) any vested benefits the Officer
may have under any employee benefit plan of the Company through the Date of Termination, which vested benefits shall be paid and/or provided in accordance with the terms of such employee benefit plans (collectively, the “Accrued Benefit”).

 b. Termination by the Company Without Cause or by the Officer with Good Reason. During the Term, if the Officer’s employment
is terminated by the Company without Cause as provided in Section 3(b), or the Officer terminates his or her employment for Good Reason as provided in Section 3(c), then the Company shall provide the Officer with the Accrued Benefit and
the compensation and benefits set forth in this Section 4(b), the latter subject to the Officer signing a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and
entities, confidentiality, return of property, and non-disparagement, in a form and manner satisfactory to the Company (the “Separation Agreement and Release”) and the Separation Agreement and
Release becoming fully effective, all within the time frame set forth in the Separation Agreement and Release: (i) the Company shall pay the Officer an amount equal to 9 months of the Officer’s Base Salary (the “Severance
Amount”); (ii) if the Officer (and his or her dependents, if applicable) was participating in the Company’s group health plans immediately prior to the Date of Termination and the Officer elects COBRA health continuation for himself or
herself (and his or her dependents, if applicable), then the Company shall pay for 9 months or the Officer’s COBRA health continuation period, whichever ends earlier, the COBRA health contribution that the Company would have made to
provide health insurance to the Officer (and his or her dependents, if applicable) if the Officer had remained employed by the Company; provided, however, that the Company shall only be required to pay that percentage of dependent health insurance
that the Company would be paying if the Officer had remained employed by the Company; (iii) 100% of the Officer’s then-unvested stock options and restricted stock, if any, shall become immediately vested, and the Officer shall have
12 months from the Date of Termination in which to exercise his or her stock options (regardless of any language to the contrary in any stock plan then in effect); and (iv) the amounts payable under Sections 4(b)(i) and (ii) shall be
paid out in substantially equal installments in accordance with the Company’s payroll practice over 9 months commencing within 30 days after the date the Separation Agreement and Release becomes fully effective; provided, however,
that the initial payment shall include a catch-up payment to cover amounts retroactive to the day immediately following the Date of Termination. Each payment pursuant to this Agreement is intended to
constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2). 
 c.
Change of Control. During the Term, if within 12 months after a Change in Control as defined herein, the Officer’s employment is terminated by the Company without Cause as provided in Section 3(b) or the Officer terminates his
or her employment for Good Reason as provided in Section 3(c), then, subject to the signing of the Separation Agreement and Release by the Officer and the Separation Agreement and Release becoming fully effective all within the time frame set
forth in the Separation Agreement and Release, the Officer shall receive the benefits set forth in Section 4(b)(i), (ii), and (iii); provided, however, that notwithstanding the language in Section 4(b)(iv), the Severance Amount set forth
in Section 4(b)(i) shall be payable as a lump sum within 5 business days after the Separation Agreement and Release becomes fully effective (for clarity, the COBRA payments set forth in Section 4(b)(ii) shall be paid in accordance with
Section 4(b)(iv)). For purposes of this Section 4(c), “Change in Control” shall mean any of the following: (i) any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, as amended (the “Act”) (other than the Company, any of its subsidiaries, or any trustee, fiduciary or other person or entity holding securities under any employee benefit plan or trust of the Company or any

  
 - 3 - 

 
of its subsidiaries), together with all “affiliates” and “associates” (as such terms are defined in Rule 12b-2 under the Act) of
such person, shall become the “beneficial owner” (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing 50% or more of the
combined voting power of the Company’s then outstanding securities having the right to vote in an election of the Board (“Voting Securities”) (in such case other than as a result of an acquisition of securities directly from the
Company); or (ii) the date a majority of the members of the Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the
Board before the date of the appointment or election; or (iii) the consummation of (A) any consolidation or merger of the Company where the stockholders of the Company, immediately prior to the consolidation or merger, would not,
immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, shares representing in the aggregate more than 50% of the
voting shares of the Company issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation, if any), or (B) any sale or other transfer (in one transaction or a series of transactions contemplated or arranged
by any party as a single plan) of all or substantially all of the assets of the Company. Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have occurred for purposes of the foregoing clause solely as the result of
an acquisition of securities by the Company that, by reducing the number of shares of Voting Securities outstanding, increases the proportionate number of Voting Securities beneficially owned by any person to 50% or more of the combined voting power
of all of the then outstanding Voting Securities; provided, however, that if any person referred to in this sentence shall thereafter become the beneficial owner of any additional shares of Voting Securities (other than pursuant to a stock split,
stock dividend, or similar transaction or as a result of an acquisition of securities directly from the Company) and immediately thereafter beneficially owns 50% or more of the combined voting power of all of the then outstanding Voting Securities,
then a “Change in Control” shall be deemed to have occurred. 
 5. Additional Limitations and Section 409A. 

a. Additional Limitations. Notwithstanding anything to the contrary in this Agreement, in the event that the amount of any
compensation, payment or distribution by the Company to or for the benefit of the Officer, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, calculated in a manner consistent with
Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and the applicable regulations thereunder (the “Aggregate Payments”), would be subject to the excise tax imposed by Section 4999 of the Code,
then the Aggregate Payments shall be reduced (but not below zero) so that the sum of all of the Aggregate Payments shall be $1.00 less than the amount at which the Officer becomes subject to the excise tax imposed by Section 4999 of the Code;
provided that such reduction shall only occur if it would result in the Officer receiving a higher After Tax Amount (as defined below) than the Officer would receive if the Aggregate Payments were not subject to such reduction. In such event, the
Aggregate Payments shall be reduced in the following order, in each case, in reverse chronological order beginning with the Aggregate Payments that are to be paid the furthest in time from consummation of the transaction that is subject to
Section 280G of the Code: (1) cash payments not subject to Section 409A of the Code; (2) cash payments subject to Section 409A of the Code; (3) equity-based payments and acceleration; and
(4) non-cash forms of benefits; provided that in the case of all the foregoing Aggregate Payments all amounts or payments that are not subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c) shall be reduced before any amounts that are subject to calculation under Treas. Reg.
§1.2800-1, Q&A-24(b) or (c). For purposes of this Section 5(a), the “After Tax Amount” means the amount of the Aggregate Payments less all
federal, state, and local income, excise and employment taxes imposed on the Officer as a result of the Officer’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Officer shall be deemed to pay federal
income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in
each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes. The determination as to whether a reduction in the Aggregate Payments shall be made
pursuant to Section 5(b)(i) shall be made by a nationally recognized accounting firm selected by the Company (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and the Officer within 15
business days of the Date of Termination, if applicable, or at such earlier time as is reasonably requested by the Company or the Officer. Any determination by the Accounting Firm shall be binding upon the Company and the Officer. 

b. Section 409A. Notwithstanding anything to the contrary in this Agreement, if at the time of the Officer’s separation from
service within the meaning of Section 409A of the Code, the Company determines that the 

  
 - 4 - 

 
Officer is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Officer becomes entitled to under
this Agreement on account of the Officer’s separation from service would be considered deferred compensation otherwise subject to the 20% additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of
Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) 6 months and one day after the Officer’s separation from service or
(B) the Officer’s death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have
been paid during the six-month period but for the application of this provision, and the balance of the installments shall be payable in accordance with their original schedule. All in-kind benefits provided and expenses eligible for reimbursement under this Agreement shall be provided by the Company or incurred by the Officer during the time periods set forth in this Agreement. All
reimbursements shall be paid as soon as administratively practicable, but in no event shall any reimbursement be paid after the last day of the taxable year following the taxable year in which the expense was incurred. The amount of in-kind benefits provided or reimbursable expenses incurred in one taxable year shall not affect the in-kind benefits to be provided or the expenses eligible for reimbursement
in any other taxable year (except for any lifetime or other aggregate limitation applicable to medical expenses). Such right to reimbursement or in-kind benefits is not subject to liquidation or exchange for
another benefit. To the extent that any payment or benefit described in this Agreement constitutes “non-qualified deferred compensation” under Section 409A of the Code, and to the extent that
such payment or benefit is payable upon the Officer’s termination of employment, then such payments or benefits shall be payable only upon the Officer’s “separation from service.” The determination of whether and when a
separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). The parties intend that this Agreement will be administered in
accordance with Section 409A of the Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a mariner so that all payments hereunder
comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and
regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. The Company makes no representation or warranty and shall have no liability to the Officer or any other person if any provisions
of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section 409A. 

6. Litigation and Regulatory Cooperation. During and after the Term, the Officer shall cooperate fully with the Company in the defense or
prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Company that relate to events or occurrences that transpired while the Officer was employed by the Company. The Officer’s
full cooperation in connection with such claims or actions shall include, but not be limited to, being available to meet with counsel to prepare for discovery or trial and to act as a witness on behalf of the Company at mutually convenient times.
During and after the Term, the Officer also shall cooperate fully with the Company in connection with any investigation or review of any federal, state or local regulatory authority as any such investigation or review relates to events or
occurrences that transpired while the Officer was employed by the Company. The Company shall reimburse the Officer for any reasonable out-of-pocket expenses incurred in
connection with the Officer’s performance of obligations pursuant to this Section 6 and, after his or her employment with the Company terminates, the Officer may be entitled for reasonable compensation for his or her time. For the
avoidance of doubt, nothing in this Agreement shall be interpreted or applied to prohibit the Officer from making any good faith report to any governmental agency or other governmental entity concerning any act or omission that the Officer
reasonably believes constitutes a possible violation of federal or state law or making other disclosures that are protected under the anti-retaliation or whistleblower provisions of applicable federal or state law or regulation. 

7. Relief. The Officer agrees that it would be difficult to measure any damages caused to the Company which might result from any breach
by the Officer of this Agreement, and that in any event money damages would be an inadequate remedy for any such breach. Accordingly, the Officer agrees that if the Officer breaches, or proposes to breach, this Agreement, the Company shall be
entitled, in addition to all other remedies that it may have, to an injunction or other appropriate equitable relief to restrain any such breach without showing or proving any actual damage to the Company. In addition, in the event the
Officer breaches the At-Will Employment, Confidential Information, Invention Assignment, and Arbitration Agreement, dated [DATE], by and between the Company and the Officer, during a period when he or she is
receiving severance payments pursuant to Section 4(b) or (c), the Company shall have the right to suspend or terminate such severance payments. Such suspension or termination shall not limit the Company’s other options with respect to
relief for such breach and shall not relieve the Officer of his or her duties under this Agreement. 

  
 - 5 - 

 8. Governing Law and Jurisdiction. This Agreement shall be governed by the laws of the
State of California, and the parties hereby consent to the jurisdiction of the state and federal courts in the State of California. 
 9.
Integration. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements between the parties concerning such subject matter, with the sole exception
of the Employee Proprietary Information and Inventions Agreement, dated June 13, 2012, and the Indemnification Agreement, dated September 11, 2014, both by and between the Company and the Officer. If there are any conflicts between the
terms and conditions of the At-Will Employment, Confidential Information, Invention Assignment, and Arbitration Agreement and this Agreement, the terms and conditions of this Agreement shall govern. 

10. Successor to the Officer. This Agreement shall inure to the benefit of and be enforceable by the Officer’s personal
representatives, executors, administrators, heirs, distributees, devisees and legatees. In the event of the Officer’s death after his or her termination of employment but prior to the completion by the Company of all payments due him or her
under this Agreement, the Company shall continue such payments to the Officer’s beneficiary designated in writing to the Company prior to his or her death (or to his or her estate, if the Officer fails to make such designation). 

11. Enforceability. If any portion or provision of this Agreement (including, without limitation, any portion or provision of any section
of this Agreement) shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it
is so declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 

12. Survival. The provisions of this Agreement shall survive the termination of this Agreement and/or the termination of the
Officer’s employment to the extent necessary to effectuate the terms contained herein. 
 13. Waiver. No waiver of any provision
hereof shall be effective unless made in writing and signed by the waiving party. The failure of any party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not
prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 
 14. Notices. Any
notices, requests, demands and other communications provided for by this Agreement shall be sufficient if in writing and delivered in person or sent by a nationally recognized overnight courier service or by registered or certified mail, postage
prepaid, return receipt requested, to the Officer at the last address the Officer has filed in writing with the Company or, in the case of the Company, at the address set forth above to the President and Chief Executive Officer with a copy to
legalnotices@cariboubio.com; provided that if the Officer providing notice is the President and Chief Executive Officer, she is not required to provide notice to herself but instead shall provide written notice to the Chief Legal Officer.

 15. Amendment. This Agreement may be amended or modified only by a written instrument signed by the Officer and by a duly authorized
representative of the Company. 
 16. Successor to Company. The Company shall require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company expressly to assume and agree to perform this Agreement to the same extent that the Company would be required to perform it if no
succession had taken place. Failure of the Company to obtain an assumption of this Agreement at or prior to the effectiveness of any succession shall be a material breach of this Agreement. 

17. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be
taken to be an original; but such counterparts shall together constitute one and the same document. 

  
 - 6 - 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date. 

 

									
	Caribou Biosciences, Inc.	 		 	Rachel E. Haurwitz, Ph.D.
					
	By:	 	 /s/ Barbara G. McClung
	 		 	By:	 	 /s/ Rachel E. Hauriwitz

					
	Name:	 	 Barbara G. McClung, J.D.
	 		 		 	
					
	Title:	 	 Chief Legal Officer
	 		 		 	

  
 - 7 -

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