Document:

EX-10.17

 Exhibit 10.17 

AMENDED AND RESTATED LEASE 

BETWEEN 
 BATTON
ASSOCIATES, LLC, LESSOR 
 AND 

AEROHIVE NETWORKS INCORPORATED, LESSEE 

328-330 Gibraltar Drive 

Sunnyvale, California 94089 

March 1, 2011 

 TABLE OF CONTENTS 

 

					
	 Paragraph
	 	 	  	 Page

							
	1.	 	 Amendment and Restatement
	  	 	1	  
	2.	 	 Lease of the 330 Gibraltar Building
	  	 	1	  
	3.	 	 Initial Term of the Lease of the 330 Gibraltar Building
	  	 	2	  
	4.	 	 Options to Extend the Term of the 330 Gibraltar Building Lease
	  	 	2	  
	5.	 	 Monthly Base Rent -330 Gibraltar Building
	  	 	5	  
	6.	 	 Lease of the 328 Gibraltar Building
	  	 	5	  
	7.	 	 Initial Term of the Lease of the 328 Gibraltar Building
	  	 	5	  
	8.	 	 Options to Extend the Term of the 328 Gibraltar Building Lease
	  	 	6	  
	9.	 	 Monthly Base Rent – 328 Gibraltar Building
	  	 	8	  
	10.	 	 Additional Rent; Operating Expenses and Taxes
	  	 	9	  
	11.	 	 Payment of Rent
	  	 	13	  
	12.	 	 Security Deposits
	  	 	14	  
	13.	 	 Use
	  	 	15	  
	14.	 	 Environmental Matters
	  	 	15	  
	15.	 	 Taxes on Lessee’s Property
	  	 	18	  
	16.	 	 Insurance
	  	 	18	  
	17.	 	 Indemnification
	  	 	19	  
	18.	 	 Tenant Improvement Work – 328 Gibraltar Building
	  	 	20	  
	19.	 	 Maintenance and Repairs; Alterations; Surrender and Restoration
	  	 	23	  
	20.	 	 Utilities and Services
	  	 	27	  
	21.	 	 Liens
	  	 	27	  
	22.	 	 Assignment and Subletting
	  	 	28	  
	23.	 	 Non-Waiver
	  	 	31	  
	24.	 	 Holding Over
	  	 	32	  
	25.	 	 Damage or Destruction
	  	 	32	  
	26.	 	 Eminent Domain
	  	 	35	  
	27.	 	 Remedies
	  	 	35	  
	28.	 	 Lessee’s Personal Property
	  	 	36	  
	29.	 	 Notices
	  	 	36	  
	30.	 	 Estoppel Certificates
	  	 	37	  
	31.	 	 Parking
	  	 	37	  
	32.	 	 Signage
	  	 	37	  
	33.	 	 Real Estate Brokers
	  	 	38	  
	34.	 	 Subordination; Attornment
	  	 	38	  
	35.	 	 Breach by Lessor
	  	 	39	  
	36.	 	 Lessor’s Entry
	  	 	39	  
	37.	 	 Attorneys’ Fees
	  	 	40	  
	38.	 	 Quiet Possession
	  	 	40	  
	39.	 	 Force Majeure
	  	 	40	  
	40.	 	 General Provisions
	  	 	40	  

  
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 SCHEDULE OF EXHIBITS 

EXHIBIT “A” Legal Description 

EXHIBIT “B-1” 330 Gibraltar Building Plan 

EXHIBIT “B-2” Lessor’s Tenant Improvement Work – 330 Gibraltar Building 

EXHIBIT “C-1” Amended Commencement Memorandum 

EXHIBIT “D-1” 328 Gibraltar Building Plan 

EXHIBIT “D-2” Tenant Improvement Work – 328 Gibraltar Building 

EXHIBIT “E” Lessee’s Hazardous Materials 

  
 -ii- 

 AMENDED AND RESTATED LEASE 

328-330 Gibraltar Drive 
 Sunnyvale,
California 94089 
 THIS AMENDED AND RESTATED LEASE, referred to herein as “this Lease,” dated for reference purposes as of
March 1, 2011, is made and entered into by and between BATTON ASSOCIATES, LLC, a California limited liability company (“Lessor”), and AEROHIVE NETWORKS INCORPORATED, a Delaware corporation (“Lessee”). 

RECITALS: 
 A. Lessor is
the owner of the real property commonly referred to as 328-330 Gibraltar Drive, Sunnyvale, California 94089, more particularly described on Exhibit “A” attached hereto and incorporated by reference herein, consisting of a parcel of land
containing approximately 2.818 acres, together with all easements and appurtenances thereto (the “Land”), and two (2) existing buildings thereon, 328 Gibraltar Drive (the “328 Building”) containing approximately 16,232
rentable square feet, and 330 Gibraltar Drive (the “330 Building”) containing approximately 19,996 rentable square feet, and all other improvements located thereon. The 328 Building, the 330 Building, and the other improvements are
hereafter referred to collectively as the “Improvements.” The Land and the Improvements (including the total of approximately 36,228 rentable square feet in the two (2) existing buildings) are hereafter referred to collectively as the
“Property.” 
 B. Lessor and Lessee entered into a Lease dated August 5, 2010 of the 328 Building and the 330 Building (the
“Original Lease”). The Lease of the 330 Building remains in full force and effect. The month to month tenancy of the 328 Building expired on February 28, 2011. 

C. Lessor and Lessee wish to enter into this Lease to renew the Lease of the 328 Building upon the terms and conditions contained herein, and
to continue the Lease of the 330 Building upon the terms and conditions contained in this Amended and Restated Lease. 
 D. Lessor and Lessee
wish to amend and restate the Original Lease in its entirety, as set forth herein. 
 NOW, THEREFORE, the parties agree as follows: 

1. Amendment and Restatement. The Original Lease is hereby amended and restated in full as herein provided. 

2. Lease of the 330 Gibraltar Building. Lessee is currently in possession of the 330 Building containing a total of approximately
19,996 rentable square feet, more or less. Lessee shall have the non-exclusive right pursuant to Paragraph 31 to use the number of vehicular parking spaces on the Property for the occupants of and visitors to the 330 Building in the proportion that
the number of rentable square feet in the 330 Building bears to the total number of rentable square feet in the 330 Building and the 328 Building, and the non-exclusive right to use the common areas on the Property, all of which are hereafter
referred to collectively as the “330 Premises,” at the rental 

 
and upon all of the terms and conditions set forth herein. The 330 Premises are shown on the 330 Gibraltar Building Plan attached hereto as Exhibit “B-1” and incorporated by reference
herein. “Lessee’s Share” of the Property attributable to the 330 Premises is 55.19% (19,996/36,228), based upon the 330 Building containing approximately 19,996 rentable square feet. 

3. Initial Term of the Lease of the 330 Gibraltar Building. 

(a) The initial term of the Lease of the 330 Building commenced on September 1, 2010. 

(b) The initial term of the Lease of the 330 Building shall expire on November 30, 2013 (the “330 Building Expiration Date”),
unless sooner terminated in accordance with the provisions hereof, or unless Lessee exercises one or both of the options to extend the term of the Lease of the 330 Building referred to in Paragraphs 4(a) and 4(b). 

(c) Lessor is holding the sum of Seventy-nine Thousand Nine Hundred Eighty-four Dollars ($79,984.00) in cash as the Security Deposit for the
Lease of the 330 Building. 
 (d) Lessee acknowledges that on the Commencement Date of the initial term of the Original Lease the 330
Premises were in the condition required by Paragraph 2(d) of the Original Lease with all building systems (e.g., mechanical, HVAC, electrical, plumbing and roof) in good operating condition and repair and in compliance with applicable building
codes, and all other applicable orders, regulations, rules, laws, statutes, ordinances and requirements of all governmental agencies or authorities (collectively, “Applicable Laws”). 

(e) As used herein relating to the 330 Premises, “the term of this Lease” or “term” shall include the initial term and
either or both of the option extension periods, if exercised.
 4. Options to Extend the Term of the 330 Gibraltar Building
Lease.
 (a) Lessor hereby grants to Lessee the option to extend the term of the 330 Gibraltar Lease (the “initial option”) for
one (1) period of twenty-four (24) calendar months immediately following the expiration of the initial term of the 330 Gibraltar Lease (the “initial option extension period”). Lessee may exercise the initial option to extend by
giving written notice of exercise to Lessor not more than three hundred sixty-five (365) days, nor less than one hundred eighty (180) days, prior to the expiration of the initial term of the Lease of the 330 Premises (“the initial
option exercise period”), time being of the essence; provided that if an Event of Default by Lessee (as defined in Paragraph 27) under this Lease of the 330 Premises remains uncured after the expiration of notice and cure periods, if
applicable, at the time of exercise of the initial option, or on the commencement date of the initial option extension period, such notice of exercise shall be void and of no force or effect. 

(b) If Lessee has timely exercised the initial option, Lessee shall have the right to exercise an additional option to extend the term of the
330 Gibraltar Lease for one (1) period of thirty-six (36) calendar months (the “second option extension period”) commencing immediately following the expiration of the initial option extension period, subject to the same notice
of exercise periods referred to above for the initial option, and provided that if an Event of Default by Lessee 

  
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(as defined in Paragraph 27) under this Lease of the 330 Premises remains uncured after the expiration of notice and cure periods, if applicable, at the time of exercise of the second option, or
on the commencement date of the second option extension period, such notice of exercise shall be void and of no force or effect. 
 Such
initial option extension period, if exercised, shall be upon the same terms and conditions as the initial term of the Lease of the 330 Premises, including the payment by Lessee of the Operating Expenses and Taxes of the 330 Premises pursuant to
Paragraph 10, except that (1) the Monthly Base Rent during the initial option extension period shall be as set forth in Paragraph 4(c) hereof, (2) the Monthly Base Rent during the second option extension period shall be as set forth in
Paragraph 4(d), (3) Lessee shall accept the 330 Premises in their then “as is” condition on the commencement date of each option extension period, subject to compliance of the 330 Premises with Applicable Laws pursuant to Paragraph
3(d), which shall apply to the commencement of the initial option extension period and the commencement of the second option extension period, and (4) Lessee shall have no additional option to extend. If Lessee does not exercise the initial
option in a timely manner, the initial option, and Lessee’s right to exercise the second option, shall both lapse, time being of the essence. Subject to the foregoing, neither Lessor nor Lessee shall be required to perform any tenant
improvement work with respect to the initial option extension period or the second option extension period, if applicable. 
 (c) If the
initial option is timely exercised by Lessee, the Monthly Base Rent for the initial option extension period shall be as follows: 
  

													
	 Period
	  	RSF	 	  	Rent/Mo./psf	 	  	Rent/Mo./NNN	 
	 December 1, 2013 – November 30, 2014
	  	 	19,996	  	  	$	1.09	  	  	$	21,795.64	  
	 December 1, 2014 – November 30, 2015
	  	 	19,996	  	  	$	1.12	  	  	$	22,395.52	  

 (d) The second option extension period, if timely exercised, shall also be upon the same terms and conditions
of the initial term of the Lease of the 330 Premises, including the payment by Lessee of the Operating Expenses and Taxes of the 330 Premises pursuant to Paragraph 10. The initial Monthly Base Rent for the 330 Premises during the second option
extension period shall be determined pursuant to the provisions of this subparagraph (d) and shall equal one hundred percent (100%) of the then current fair market rental value of the 330 Premises on the commencement date of the second
option extension period as determined by agreement between the Lessor and Lessee, if possible, reached within thirty (30) days after the expiration of the exercise period for the second option extension period, or by the process of appraisal if
the parties cannot reach agreement. 
 Within thirty (30) days after the exercise by Lessee of the second option to extend, Lessor
shall give Lessee written notice of Lessor’s good faith opinion of the amount equal to one hundred percent (100%) of the fair market rental value of the 330 Premises as of the commencement of the second option extension period. Thereafter,
upon the request of Lessee, Lessor and Lessee shall enter into good faith negotiations for thirty (30) days in an effort to reach agreement on one hundred percent (100%) of the fair market Monthly Base Rent for the 330 Premises during the
second option extension period, including annual rent adjustments, if any. 

  
 -3- 

 If Lessor and Lessee are unable to agree upon the amount equal to one hundred percent
(100%) of the fair market Monthly Base Rent for the 330 Premises within such thirty (30) day period, the Monthly Base Rent for the second option extension period shall be determined by appraisal. The appraisal shall be performed by one
appraiser if the parties are able to agree upon one appraiser. If the parties are unable to agree upon one appraiser, each party shall appoint an appraiser and the two appraisers shall select a third appraiser. Each appraiser selected shall be a
member of the American Institute of Real Estate Appraisers (AIREA) with at least five (5) years of full-time commercial real estate appraisal experience in the Sunnyvale, California office/R&D/manufacturing rental market. 

If only one appraiser is selected, that appraiser shall notify the parties in simple letter form of its determination of the amount equal to
one hundred percent (100%) of the fair market Monthly Base Rent for the 330 Premises during the second option extension period within fifteen (15) days following its selection. Said appraisal shall be binding on the parties as the
appraised current fair market rent for the 330 Premises which shall be based upon what a willing tenant would pay and a willing landlord would accept at arm’s length for premises comparable to the 330 Premises in the vicinity of the 330
Premises of similar age, size, quality of construction and specifications (excluding the value of any improvements to the 330 Premises made at Lessee’s cost) for a lease of similar duration as the second option and taking into consideration
that there will be no free rent, improvement allowance, or other concessions. If multiple appraisers are selected, each appraiser shall within ten (10) days of being selected make its determination of the amount equal to one hundred percent
(100%) of the fair market rent for the 330 Premises in simple letter form. If two (2) or more of the appraisers agree on said amount, such agreement shall be binding upon the parties. If multiple appraisers are selected and two
(2) appraisers are unable to agree on said amount, the amount equal to one hundred percent (100%) of the fair market rent for the 330 Premises shall be determined by taking the mean average of the appraisals; provided, that any high or low
appraisal, differing from the middle appraisal by more than ten percent (10%) of the middle appraisal, shall be disregarded in calculating the average. Said initial Monthly Base Rent shall be adjusted annually on the anniversary of the
commencement of the second option extension period in the manner determined by the appraiser or appraisers to be consistent with the then prevailing market practice, if any, for comparable space in the Sunnyvale, California
office/R&D/manufacturing rental market. 
 If only one appraiser is selected, then each party shall pay one-half of the fees and
expenses of that appraiser. If three appraisers are selected, each party shall bear the fees and expenses of the appraiser it selects and one-half of the fees and expenses of the third appraiser. 

(e) Thereafter, provided that Lessee has previously given timely notice to Lessor of the exercise of the second option to extend the term,
Lessor and Lessee shall execute an amendment to this Lease stating that the initial Monthly Base Rent for the 330 Premises during the second option extension period, and any annual adjustments thereto, if applicable, shall be in the amounts as
determined by agreement of the parties or by appraisal if the parties did not agree upon the amount equal to one hundred percent (100%) of the fair market Monthly Base Rent pursuant to Paragraph (d) above. 

(f) The options to extend granted to Lessee by this Paragraph 4 are granted for the personal benefit of Aerohive Networks Incorporated
(“Aerohive”) only, and shall be exercisable only by Aerohive or by an assignee or sublessee referred to in Paragraph 22(g) as a “Permitted Affiliate.” Neither of said options to extend may be assigned or transferred by Aerohive
to, or exercised by, any assignee or sublessee, except as provided in Paragraph 22(g). 

  
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 5. Monthly Base Rent -330 Gibraltar Building.

(a) During the initial term of the Lease of the 330 Premises, Lessee shall pay to Lessor in monthly installments in advance on the first day of
each calendar month Monthly Base Rent, on a triple net basis, in lawful money of the United States without deduction or offset as follows: 
  

													
	 Period
	  	RSF	 	  	Rent/Mo./psf	 	  	Rent/Mo./NNN	 
	 September 1, 2010 – November 30, 2010
	  	 	19,996	  	  	$	-0-	  	  	$	-0-	  
	 December 1, 2010 – November 30, 2011
	  	 	19,996	  	  	$	1.00	  	  	$	19,996.00	  
	 December 1, 2011 – November 30, 2012
	  	 	19,996	  	  	$	1.03	  	  	$	20,595.88	  
	 December 1, 2012 – November 30, 2013
	  	 	19,996	  	  	$	1.06	  	  	$	21,195.76	  

 (b) As of the date of this Lease Lessee has paid to Lessor Monthly Base Rent for the period ending on
March 31, 2011 pursuant to the above schedule. Monthly Base Rent for a partial calendar month shall be prorated on the basis of the actual number of days in such calendar month. 

6. Lease of the 328 Gibraltar Building. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, that portion of the
Property consisting of the 328 Building which contains a total of approximately 16,232 rentable square feet, more or less, together with the nonexclusive right pursuant to Paragraph 31 to use the number of parking spaces on the Property for the
occupants of and visitors to the 328 Building in the proportion that the number of rentable square feet in the 328 Building bears to the total number of rentable square feet in the 330 Building and the 328 Building, and the non-exclusive right to
use the other common areas on the Property all of which are hereafter referred to collectively as the “328 Premises,” at the rental and upon all of the terms and conditions set forth herein. The 328 Premises are shown on the Floor Plan of
the 328 Building attached hereto as Exhibit “D-1.” 
 7. Initial Term of the Lease of the 328 Gibraltar Building.

(a) The initial term of the Lease of the 328 Building commenced on March 1, 2011(the “328 Premises Commencement Date”). 

(b) The initial term of the Lease of the 328 Building shall expire on November 30, 2013 unless sooner terminated pursuant to any of the
provisions of this Lease, or unless Lessee exercises in a timely manner one or both of the options to extend the term of the Lease of the 328 Building referred to in Paragraph 8(a) and 8(b). 

(c) Lessor shall deliver the 328 Premises to Lessee on the 328 Premises Commencement Date vacant of all occupants and personal property, clean
and free of debris, with all carpets cleaned, all lighting (inclusive of ballasts) in good working order, and with all building systems (e.g., mechanical, HVAC, electrical, plumbing and roof) in good operating condition and repair and in compliance
with Applicable Laws as defined in Paragraph 3(d). Lessor hereby warrants 

  
 -5- 

 
that the building systems in the 328 Building shall remain in good operating condition and repair (1) from the date that is three (3) months after the date that the 328 Premises are
substantially occupied by Lessee’s employees, or (2) July 31, 2011 whichever occurs first (the “328 Building Warranty Period”). Any necessary repairs to the 328 Building systems of which Lessee gives written notice to Lessor
prior to the expiration of the 328 Building Warranty Period shall be repaired by Lessor at Lessor’s expense (and not as an Operating Expense). Any repairs required to the 328 Building systems after the warranty period shall be repaired by
Lessor as an Operating Expense of the 328 Premises pursuant to Paragraph 10. Lessee shall have the right to perform its own inspections at Lessee’s expense with Lessor having the obligation of ensuring that the 328 Building is in good operating
condition and repair and in compliance with Applicable Laws on the 328 Premises Commencement Date. 
 (d) As used herein relating to the 328
Premises, “the term of this Lease” or “term” shall include the initial term and either or both of the option extension periods, if exercised. 

8. Options to Extend the Term of the 328 Gibraltar Building Lease.

(a) Lessor hereby grants to Lessee the option to extend the term of the 328 Gibraltar Lease (the “initial option”) for one
(1) period of twenty-four (24) calendar months immediately following the expiration of the initial term of the 328 Gibraltar Lease (the “initial option extension period”). Lessee may exercise the initial option to extend by
giving written notice of exercise to Lessor not more than three hundred sixty-five (365) days, nor less than one hundred eighty (180) days, prior to the expiration of the initial term of the Lease of the 328 Premises (“the initial
option exercise period”), time being of the essence; provided that if an Event of Default by Lessee (as defined in Paragraph 27) under this Lease of the 328 Premises remains uncured after the expiration of notice and cure periods, if
applicable, at the time of exercise of the initial option, or on the commencement date of the initial option extension period, such notice of exercise shall be void and of no force or effect. 

(b) If Lessee has timely exercised the initial option, Lessee shall have the right to exercise an additional option to extend the term of the
328 Gibraltar Lease for one (1) additional period of thirty-six (36) calendar months (the “second option extension period”) commencing immediately following the expiration of the initial option extension period, subject to the
same notice of exercise periods referred to above for the initial option, and provided that if an Event of Default by Lessee (as defined in Paragraph 27) under this Lease of the 328 Premises remains uncured after the expiration of notice and cure
periods, if applicable, at the time of exercise of the second option, or on the commencement date of the second option extension period, such notice of exercise shall be void and of no force or effect. 

Such initial option extension period, if exercised, shall be upon the same terms and conditions as the initial term of the Lease of the 328
Premises, including the payment by Lessee of the Operating Expenses and Taxes of the 328 Premises pursuant to Paragraph 10, except that (1) the Monthly Base Rent during the initial option extension period shall be as set forth in Paragraph 8(c)
hereof, (2) the Monthly Base Rent during the second option extension period shall be as set forth in Paragraph 8(d), (3) Lessee shall accept the 328 Premises in their then “as is” condition on the commencement date of each option
extension period, subject to compliance of the 328 Premises with Applicable Laws pursuant to Paragraph 7(c), which shall apply to the commencement of the 

  
 -6- 

 
initial 328 Premises option extension period and the commencement of the 328 Premises second option extension period if either or both of said options is timely exercised, and (4) Lessee
shall have no additional option to extend. If Lessee does not exercise the initial option in a timely manner, the initial option, and Lessee’s right to exercise the second option, shall both lapse, time being of the essence. Subject to the
foregoing, neither Lessor nor Lessee shall be required to perform any tenant improvement work with respect to the initial option extension period or the second option extension period, if applicable. 

(c) If the initial option is timely exercised by Lessee, the Monthly Base Rent for the initial option extension period shall be as follows:

  

													
	 Period
	  	RSF	 	  	Rent/Mo./psf	 	  	Rent/Mo./NNN	 
	 December 1, 2013 – November 30, 2014
	  	 	16,232	  	  	$	1.09	  	  	$	17,692.88	  
	 December 1, 2014 – November 30, 2015
	  	 	16,232	  	  	$	1.12	  	  	$	18,179.84	  

 (d) The second option extension period, if timely exercised, shall also be upon the same terms and conditions
of the initial term of the Lease of the 328 Premises, including the payment by Lessee of the 328 Premises Operating Expenses and Taxes pursuant to Paragraph 10. The initial Monthly Base Rent for the 328 Premises during the second option extension
period shall be determined pursuant to the provisions of this subparagraph (d) and shall equal one hundred percent (100%) of the then current fair market rental value of the 328 Premises on the commencement date of the second option
extension period as determined by agreement between the Lessor and Lessee, if possible, reached within thirty (30) days after the expiration of the exercise period for the second option extension period, or by the process of appraisal if the
parties cannot reach agreement. 
 Within thirty (30) days after the exercise by Lessee of the second option to extend, Lessor shall
give Lessee written notice of Lessor’s good faith opinion of the amount equal to one hundred percent (100%) of the fair market rental value of the 328 Premises as of the commencement of the second option extension period. Thereafter, upon
the request of Lessee, Lessor and Lessee shall enter into good faith negotiations for thirty (30) days in an effort to reach agreement on one hundred percent (100%) of the fair market Monthly Base Rent for the 328 Premises during the
second option extension period, including annual rent adjustments, if any. 
 If Lessor and Lessee are unable to agree upon the amount equal
to one hundred percent (100%) of the fair market Monthly Base Rent for the 328 Premises within such thirty (30) day period, the Monthly Base Rent for the second option extension period shall be determined by appraisal. The appraisal shall
be performed by one appraiser if the parties are able to agree upon one appraiser. If the parties are unable to agree upon one appraiser, each party shall appoint an appraiser and the two appraisers shall select a third appraiser. Each appraiser
selected shall be a member of the American Institute of Real Estate Appraisers (AIREA) with at least five (5) years of full-time commercial real estate appraisal experience in the Sunnyvale, California office/R&D/manufacturing rental
market. 
 If only one appraiser is selected, that appraiser shall notify the parties in simple letter form of its determination of the
amount equal to one hundred percent (100%) of the fair market Monthly Base Rent for the 328 Premises during the second option extension period within fifteen 

  
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(15) days following its selection. Said appraisal shall be binding on the parties as the appraised current fair market rent for the 328 Premises which shall be based upon what a willing tenant
would pay and a willing landlord would accept at arm’s length for premises comparable to the 328 Premises in the vicinity of the 328 Premises of similar age, size, quality of construction and specifications (excluding the value of any
improvements to the 328 Premises made at Lessee’s cost) for a lease of similar duration as the second option and taking into consideration that there will be no free rent, improvement allowance, or other concessions. If multiple appraisers are
selected, each appraiser shall within ten (10) days of being selected make its determination of the amount equal to one hundred percent (100%) of the fair market rent for the 328 Premises in simple letter form. If two (2) or more of
the appraisers agree on said amount, such agreement shall be binding upon the parties. If multiple appraisers are selected and two (2) appraisers are unable to agree on said amount, the amount equal to one hundred percent (100%) of the
fair market rent for the 328 Premises shall be determined by taking the mean average of the appraisals; provided, that any high or low appraisal, differing from the middle appraisal by more than ten percent (10%) of the middle appraisal, shall
be disregarded in calculating the average. Said initial Monthly Base Rent shall be adjusted annually on the anniversary of the commencement of the second option extension period in the manner determined by the appraiser or appraisers to be
consistent with the then prevailing market practice, if any, for comparable space in the Sunnyvale, California office/R&D/manufacturing rental market. 

If only one appraiser is selected, then each party shall pay one-half of the fees and expenses of that appraiser. If three appraisers are
selected, each party shall bear the fees and expenses of the appraiser it selects and one-half of the fees and expenses of the third appraiser. 

(e) Thereafter, provided that Lessee has previously given timely notice to Lessor of the exercise of the second option to extend the term,
Lessor and Lessee shall execute an amendment to this Lease stating that the initial Monthly Base Rent for the 328 Premises during the second option extension period, and any annual adjustments thereto, if applicable, shall be in the amounts as
determined by agreement of the parties or by appraisal if the parties did not agree upon the amount equal to one hundred percent (100%) of the fair market Monthly Base Rent pursuant to Paragraph (d) above. 

(f) The options to extend granted to Lessee by this Paragraph 8 are granted for the personal benefit of Aerohive Networks Incorporated
(“Aerohive”) only, and shall be exercisable only by Aerohive or by an assignee or sublessee referred to in Paragraph 22(g) as a “Permitted Affiliate.” Neither of said options to extend may be assigned or transferred by Aerohive
to, or exercised by, any assignee or sublessee, except as provided in Paragraph 22(g). 
 9. Monthly Base Rent – 328 Gibraltar
Building.
 (a) Commencing on the Commencement Date of the initial term of this Lease of the 328 Premises and continuing thereafter
during the initial term of the Lease of the 328 Premises, Lessee shall pay to Lessor in monthly installments in advance on the first day of each calendar month Monthly Base Rent, on a triple net basis, in lawful money of the United States without
deduction or offset as follows: 

  
 -8- 

													
	 Period
	  	RSF	 	  	Rent/Mo./psf	 	  	Rent/Mo./NNN	 
	 March 1, 2011—June 30, 2011
	  	 	16,232	  	  	$	0.33	  	  	$	5,356.56	  
	 July 1, 2011—October 31, 2011
	  	 	16,232	  	  	$	0.66	  	  	$	10,713.12	  
	 November 1, 2011—February 28, 2012
	  	 	16,232	  	  	$	1.00	  	  	$	16,232.00	  
	 March 1, 2012—November 30, 2012
	  	 	16,232	  	  	$	1.03	  	  	$	16,718.96	  
	 December 1, 2012—November 30, 2013
	  	 	16,232	  	  	$	1.06	  	  	$	17,205.92	  

 (b) Lessor acknowledges the receipt from Lessee of the sum of Five Thousand Dollars ($5,000.00) on account of
the Monthly Base Rent for the month of March 2011 for the 328 Premises. Monthly Base Rent for a partial calendar month shall be prorated on the bases of the actual number of days in such calendar month. 

(c) Upon the execution and delivery of this Lease by Lessor and Lessee, Lessee shall pay to Lessor the sum of Thirty-four Thousand Ninety-four
and Twelve Hundredths Dollars ($34,094.12) representing the amounts due and owing by Lessee to Lessor with respect to the 328 Premises as follows: Five Hundred Seventeen and Twenty-six Hundredths Dollars ($517.26), the balance due on the March 2011
Monthly Base Rent and management fee; Five Hundred Seventeen and Twenty-six Hundredths Dollars ($517.26), the balance due on the April 2011 Monthly Base Rent and management fee; Seventeen Thousand Two Hundred Five and Ninety-two Hundredths Dollars
($17,205.92), the 328 Premises security deposit; Twelve Thousand Six Hundred Twenty-one and Fifty-two Hundredths Dollars ($12,621.52), property taxes; and Three Thousand Two Hundred Thirty-two and Sixteen Hundredths Dollars ($3,232.16) allocation of
insurance costs. 
 10. Additional Rent; Operating Expenses and Taxes.

(a) In addition to the Monthly Base Rent payable by Lessee pursuant to Paragraph 5(a) with respect to the 330 Premises, and pursuant to
Paragraph 9(a) with respect to the 328 Premises, Lessee shall continue to pay to Lessor with respect to the 330 Premises and commencing on March 1, 2011 Lessee shall pay to Lessor with respect to the 328 Premises, and continuing thereafter
during the initial term of the Lease of the 330 Premises and with respect to the 328 Premises, including option extension period(s) if exercised, as “Additional Rent,” the Operating Expenses and Property Taxes of the Property allocable to
the 330 Premises and allocable to the 328 Premises as hereafter provided. Lessee shall pay 55.19% (19,996/36,228) of the Operating Expenses and Property Taxes allocable to the 330 Premises and 44.81% (16,232/36,228) of the Operating
Expenses and Property Taxes allocable to the 328 Premises. 
 (b) “Operating Expenses” as used herein shall include all direct
costs actually incurred by Lessor in the management, operation, maintenance, repair, and replacement of the Property (excluding any such expenses incurred with respect to or properly allocated to the 328 Building), including the cost of all
maintenance, repairs, and restoration of the Property performed by Lessor pursuant to Paragraphs 19(b) and 19(c) hereof, determined in accordance with generally accepted accounting principles (unless expressly excluded by this Lease), including, but
not limited to: 
 Personal property taxes related to the Property; any parking taxes or levies imposed on the Property in the future by any
governmental agency; a management fee equal to three percent (3%) of the Monthly Base Rent for the 330 Building and the 328 Building payable by Lessee under this Lease; said management fee shall be payable to Lessor, any affiliate of Lessor, or
an 

  
 -9- 

 
independent property manager selected by Lessor; water and sewer charges; waste disposal; insurance premiums for insurance coverages maintained by Lessor pursuant to Paragraph 16(b) hereof;
license, permit, and inspection fees; all charges for electricity, heating, air conditioning, gas, and any other utilities (including, without limitation, any temporary or permanent utility surcharge or other exaction) except to the extent that such
utilities are paid directly by Lessee pursuant to Paragraph 20(a); maintenance, repair, and replacement of the roof membrane; maintenance and replacement of floor and window coverings; repair, maintenance, and replacement of the heating,
ventilating, air conditioning, mechanical and electrical systems, plumbing and sewage systems; landscaping, gardening, and tree trimming; glazing; repair, maintenance, cleaning, sweeping, striping, and resurfacing of the parking area; exterior
lighting and parking lot lighting; supplies, materials, equipment and tools used in the maintenance of the Property; costs for accounting services incurred in the calculation of Operating Expenses and Taxes as defined herein; and the cost of capital
expenditures for any improvements or changes to the 330 Building and the 328 Building which are required by laws, ordinances, or other governmental regulations adopted after the Commencement Date, or March 1, 2011 with respect to the 328
Building, for any items or capital expenditures voluntarily made by Lessor which are intended to have the effect of reducing Operating Expenses, or for any items or capital expenditures required because of Lessee’s specific use of the 330
Premises or the 328 Premises, or the 328 Building, respectively; provided, however, that with respect to capital improvements made to save Operating Expenses the amortization thereof shall not be at a rate greater than the actual savings in
Operating Expenses; and provided further, that except for capital improvements to the 330 Building, or the Property required because of Lessee’s specific use of the 330 Premises or the 328 Premises the entire cost of which shall be paid by
Lessee upon completion thereof, if Lessor voluntarily makes capital improvements or capital expenditures to the 330 Building or the 328 Building, or if Lessor is required to make such capital improvements or capital expenditures, Lessor shall
amortize the cost of said improvements and expenditures (including insurance deductible amounts if the improvements damaged are repaired or reconstructed) over the useful life of said improvements (together with interest on the unamortized balance
at the rate equal to the effective rate of interest actually charged to Lessor for its borrowings for capital expenditures, but in no event in excess of ten percent (10%) per annum) as an Operating Expense in accordance with generally accepted
accounting principles. Operating Expenses shall also include any other expenses or charges, whether or not described herein, not specifically excluded by other provisions of this Lease, which in accordance with generally accepted accounting
principles would be considered an expense of managing, operating, maintaining, and repairing the 330 Premises or the 328 Premises, as applicable. Operating Expenses and Taxes allocable to the 330 Premises or the 328 Premises shall be payable by
Lessee to Lessor in the percentages referred to in Paragraph 10(a) above during the term of this Lease of the 330 Premises and the 328 Premises, respectively. 

(c) Real property taxes and assessments levied or assessed against the Property, during the term of this Lease are referred to herein as
“Taxes.” 
 As used herein, “Taxes” shall mean: 

(1) all real estate taxes, assessments and any other taxes levied or assessed against the Property, including the Land, the 330 Building, the
328 Building, and all improvements located thereon, and including any increase in Taxes resulting from a reassessment following any transfer of ownership of the Property or any interest therein or following any improvements to the Property; and 

  
 -10- 

 (2) all other taxes which may be levied in lieu of real estate taxes, assessments, and other
fees, charges, and levies, general and special, ordinary and extraordinary, unforeseen as well as foreseen, of any kind and nature by any authority having the direct or indirect power to tax, including without limitation any governmental authority
or any improvement or other district or division thereof, for public improvements, services, or benefits which are assessed, levied, confirmed, imposed, or become a lien (1) upon the Property, and/or any legal or equitable interest of Lessor in
any part thereof; or (2) upon this transaction or any document to which Lessee is a party creating or transferring any interest in the Property; and (3) any tax or excise, however described, imposed in addition to, or in substitution
partially or totally of, any tax previously included within the definition of “Taxes” or any tax the nature of which was previously included in the definition “Taxes.” 

Not included within the definition of “Taxes” are any net income, profits, transfer, franchise, estate, gift, rental income, or
inheritance taxes imposed by any governmental authority. “Taxes” also shall not include penalties or interest charges assessed on delinquent Taxes provided that Lessee has paid Lessee’s Share of the Taxes assessed against the 328
Premises and the 330 Premises when due. 
 With respect to any assessments which may be levied against or upon the Property, or the Land,
which under Applicable Laws then in force may be evidenced by improvement or other bonds, or may be paid in annual installments, only the amount of such annual installment (with appropriate proration of any partial year) and statutory interest shall
be included within the computation of the annual Taxes levied against the Property. 
 (d) Notwithstanding anything in Paragraphs 10(b) or
10(c) to the contrary, the following costs (“Costs”) shall be excluded from the definition of Operating Expenses: 
 (1) Costs
occasioned by the act, omission or violation of law by Lessor, or its respective agents, employees, or contractors; 
 (2) Costs for which
Lessor receives reimbursement from others, including reimbursement from insurance; Lessor shall exercise commercially reasonable efforts to collect such amounts; 

(3) Interest, charges, fees, ground rent, and similar carrying costs incurred on debt or payments on any deed of trust, ground lease, or
security agreement on the Property of which Lessor is trustor, lessee, or debtor; 
 (4) Costs incurred in repairing, maintaining or
replacing any structural elements of the 330 Building and the 328 Building for which Lessor is responsible pursuant to Paragraph 19(a) hereof; 

(5) Any wages, bonuses or other compensation of employees of Lessor, including fringe benefits, or any fee, office overhead, general and
administrative expenses, or accounting charges paid to Lessor or its affiliates for management and administration of the Property in excess of the management fee referred to in Paragraph 10(b); 

  
 -11- 

 (6) Costs in the nature of depreciation, amortization or other expense reserves; 

(7) Leasing expenses and broker commissions payable by Lessor; 

(8) Costs incurred as a result of casualties or by the exercise of the power of eminent domain; 

(9) Costs which are properly capitalized under generally accepted accounting principles, except to the extent those costs (including interest
thereon) are incurred with respect to the 330 Premises after the Commencement Date of the initial term of the Lease of the 330 Premises specified in the Original Lease, or with respect to the 328 Premises after the Commencement Date of the term of
the 328 Premises specified in this Lease of the 328 Premises, and such costs are amortized on a straight line basis over the useful life of the capital item in question, determined in accordance with Paragraph 10(b) above; 

(10) Costs incurred in connection with containing, removing, or otherwise remediating any Hazardous Materials as defined in Paragraph 14(a),
except to the extent caused by the release or emission of the Hazardous Materials in question by Lessee or its employees, agents, contractors, sublessees, successors or assigns; 

(11) With respect to the 330 Premises costs to correct any construction defect, building code or other violation, or to comply with any
covenant, condition, restriction, underwriter’s requirement or Applicable Laws existing or in effect on or before the Commencement Date of the Lease of the 330 Building specified in the Original Lease, or with respect to the 328 Premises any
such costs relating to matters existing on or before the Commencement Date of the initial term of the Lease of the 328 Premises specified in this Lease; 

(12) Insurance costs for coverages not customarily paid by tenants of comparable premises in the Sunnyvale, California
office/R&D/manufacturing rental market (unless such coverages are required by Lessor’s mortgage lender); 
 (13) Attorneys’
fees, costs, disbursements, and other expenses incurred in connection with negotiations or disputes with tenants other than Lessee, or in connection with leasing, renovating or improving space for tenants or other occupants or in connection with the
financing or refinancing of the Property or otherwise in connection with Lessor’s business, except that there shall not be excluded from Operating Expenses attorneys’ fees and costs paid by Lessor to Lessor’s property tax consultant
or counsel employed to contest any property tax assessment levied against the Property or to secure a reduction of the property taxes assessed against the Property, provided that Lessee shall receive credit against future Taxes for any refund
received; and 
 (14) Costs which could properly be capitalized under generally accepted accounting principles, except to the extent
amortized over the useful life of the capital item in question as set forth in Paragraph 10(b) above. 

  
 -12- 

 Lessor shall at all times use its best efforts to operate the Property in an economically
reasonable manner at costs not disproportionately higher than those experienced by other comparable premises in the market area in which the Property is located. 

(e) Lessor shall submit invoices to Lessee for payment by Lessee of Operating Expenses and Taxes of the 328 Premises and the 330 Premises on a
current basis as the obligations for Operating Expenses and Taxes are incurred by Lessor and become due and payable. Said invoices shall be due and payable by Lessee to Lessor as Additional Rent on the first day of the calendar month after receipt
together with the Monthly Base Rent then due. Failure of Lessee to pay any Additional Rent within the time periods referred to in Paragraph 11(b) shall subject Lessee to late charges and interest charges in accordance with Paragraph 11(b). 

(f) Lessee or its accountants shall have the right to inspect and audit Lessor’s books and records with respect to this Lease at
Lessor’s offices once each calendar year to verify actual Operating Expenses and/or Taxes. Lessor’s books and records shall be kept in accordance with generally accepted accounting principles. If Lessee’s audit of the Operating
Expenses and/or Taxes for any year reveals a net overcharge of more than five percent (5%), Lessor promptly shall reimburse Lessee for the cost of the audit; otherwise Lessee shall bear the cost of Lessee’s audit. Any net overcharge shall be
credited against Operating Expenses next due from Lessee hereunder, or shall be refunded to Lessee without interest, if the net overcharge exceeds Operating Expenses payable by Lessee. 

(g) Notwithstanding the expiration or termination of this Lease, within thirty (30) days after receipt by Lessee of an invoice from Lessor
for any Operating Expenses or Taxes payable by Lessee for the 328 Premises or the 330 Premises for the calendar year in which the term of the Lease of the 328 Premises or the 330 Premises expires or terminates, Lessee shall pay to Lessor any such
amount due as shown on such invoice. Lessee’s obligations under this subparagraph (g) shall survive the expiration or termination of this Lease. 

11. Payment of Rent.
 (a)
All rent shall be due and payable by Lessee in lawful money of the United States of America at the address of Lessor set forth in Paragraph 29, “Notices,” without deduction or offset and without prior demand or notice, unless otherwise
specified herein. Monthly Base Rent shall be payable monthly, in advance, on the first (1st) day of each calendar month during the term of this Lease (except that the Monthly Base Rent for the 328 Premises for the first month of the term of the
Lease of the 328 Premises shall be paid by Lessee upon the execution and delivery of this Lease by Lessor and Lessee pursuant to Paragraph 9(b) hereof). Lessee’s obligation to pay Operating Expenses and Taxes with respect to the 330 Premises
commenced on September 1, 2010 pursuant to the terms of the Original Lease and shall continue during the term of the Lease of the 330 Premises, including any options to extend exercised by Lessee in a timely manner, as billed by Lessor, and
shall be payable in accordance with Paragraph 10(e). Lessee’s obligation to pay the Operating Expenses and Taxes of the Property during the term of the Lease of the 330 Premises, including any options to extend exercised by Lessee in a timely
manner, as billed by Lessor, and shall be payable in accordance with Paragraph 10(e). Lessee’s obligation to pay the Operating Expenses and Taxes of the Property with respect to the 328 Premises shall commence on March 1, 2011, and shall
continue thereafter during the term of the Lease of the 328 Premises, as billed by Lessor and shall be payable in accordance with Paragraph 10(e). The term “rent” as used in this Lease shall include all sums payable by Lessee hereunder.

  
 -13- 

 (b) If any installment of Monthly Base Rent, Additional Rent or any other sum due from Lessee is
not received by Lessor within five (5) days after receipt by Lessee from Lessor of a written notice that the same is past-due, Lessee shall pay to Lessor an additional sum equal to five percent (5%) of the amount overdue as a late charge.
The parties agree that this late charge represents a fair and reasonable estimate of the costs that Lessor will incur by reason of the late payment by Lessee. Acceptance of any late charge shall not constitute a waiver of Lessee’s default with
respect to the overdue amount. Any amount not paid within ten (10) days after Lessee’s receipt of written notice that such amount is past-due shall bear interest from the date due until paid at the lesser rate of (1) ten percent
(10%) per annum, or (2) the maximum rate allowed by law (the “Interest Rate”) in addition to the late payment charge. 

Initials: Lessor HB
                            Lessee GF 

12. Security Deposits.

(a) Pursuant to Paragraph 8 of the Original Lease which Paragraph is hereby incorporated by reference in this Lease, Lessee paid to Lessor the
sum of Seventy-nine Thousand Nine Hundred Eighty-four Dollars ($79,984.00) as the Security Deposit with respect to the 330 Premises which Lessor holds as security for Lessee’s faithful performance of Lessee’s obligations with respect to
the Lease of the 330 Premises. 
 (b) Concurrently with the execution and delivery of this Lease by Lessor and Lessee, Lessee shall pay to
Lessor the sum of Seventeen Thousand Two Hundred Five and Ninety-two Hundredths Dollars ($17,205.92) in cash (the “328 Premises Security Deposit”), as security for Lessee’s faithful performance of Lessee’s obligations under the
Lease of the 328 Premises, including, but not limited to, the payment of rent when due, the repair of any damage to the 328 Premises caused by Lessee, and the surrender of the 328 Premises to Lessor on the expiration or sooner termination of the
term of the Lease of the 328 Premises, in a clean condition, and otherwise in the condition required by Paragraph 19(f). If Lessee fails to pay Monthly Base Rent or Additional Rent or any other charges due hereunder within applicable notice and cure
periods, or if Lessee fails to surrender possession of the 328 Premises on the expiration date or earlier termination date of the term of the Lease of the 328 Premises in the condition required by Paragraph 19(f), or if there is an Event of Default
by Lessee under the Lease of the 328 Premises (as defined in Paragraph 27), Lessor may use, apply or retain all or any portion of the 328 Premises Security Deposit to the extent reasonably necessary to cure the breach, for the payment of any amount
due Lessor, and to reimburse or compensate Lessor for any liability, cost, expense, loss or damage (including attorneys’ fees) which Lessor may suffer or incur by reason thereof. If Lessor uses or applies all or any portion of the 328 Premises
Security Deposit, Lessee shall within ten (10) days after written request therefor deposit with Lessor a sufficient amount to restore the Security Deposit. 

Provided that no Event of Default by Lessee under the Lease of the 330 Premises then remains uncured on March 31, 2012, (the end of the
nineteenth (19th) month of the initial term of the Lease of the 330 Premises), Lessor shall refund the sum of Thirty-nine Thousand Nine Hundred Ninety-two Dollars ($39,992.00) to Lessee, reducing the Security Deposit for the 330 Premises to
Thirty-nine Thousand Nine Hundred Ninety-two Dollars ($39,992.00). 

  
 -14- 

 Provided that no Event of Default by Lessee under the Lease of the 328 Premises then remains
uncured on March 31, 2012 Lessor shall refund the sum of Eight Thousand Six Hundred Two and Ninety-six Hundredths Dollars ($8,602.96) to Lessee reducing the Security Deposit for the 328 Premises to Eight Thousand Six Hundred Two and Ninety-six
Hundredths Dollars ($8,602.96). 
 (c) Lessor shall, within thirty (30) days after the expiration or earlier termination of the term
hereof, and provided Lessee has vacated the 328 Premises and the 330 Premises and surrendered the 328 Premises and the 330 Premises to Lessor in the condition required by Paragraph 19(f), return to Lessee (or, at Lessor’s option, to the last
assignee, if any, of Lessee’s interest herein), that portion of the balance of the Security Deposits for the 330 Premises and for the 328 Premises not used or applied by Lessor in accordance with Paragraph 8 of the Original Lease with respect
to the 330 Premises or in accordance with this Paragraph 12 with respect to the 328 Premises. No part of the Security Deposit for the 330 Premises or the 328 Premises shall be considered to be held in trust, to bear interest or other increment for
its use, or to be prepayment for any sum payable by Lessee under this Lease or under the Original Lease. Lessee waives California Civil Code Section 1950.7 and any and all other laws, rules and regulations applicable to security deposits in the
lease of commercial property (“Security Deposit Laws”) to the extent they attempt to limit or restrict the uses for which Lessor may apply said Security Deposits or the period to which Lessor may apply the 328 Premises Security Deposit, or
the 330 Premises Security Deposit, to rent due prior to the termination of Lessee’s right to possession of the 328 Premises or the 330 Premises, notwithstanding the surrender of possession by Lessee. Notwithstanding anything to the contrary
herein or in the Security Deposit Laws, said Security Deposits may be retained and applied by Lessor (1) to offset rent which is unpaid either before or after termination of this Lease, and (2) against other damages suffered by Lessor as a
result of any Event of Default (as defined in Paragraph 27) by Lessee before or after termination of this Lease. 
 13.
Use. Lessee may use and occupy the 328 Premises and the 330 Premises for general offices, research and development, light assembly, testing, and storage of Lessee’s products, and related legal uses, and for no other use or purpose
without Lessor’s prior written consent. Notwithstanding the foregoing, use of the 328 Premises or the 330 Premises for the manufacture of integrated circuits is expressly prohibited. Any use of the 328 Premises or the 330 Premises by any
sublessee or assignee pursuant to Paragraph 22 shall comply with the provisions of this Paragraph 13. 
 14. Environmental
Matters.
 (a) The term “Hazardous Materials” as used in this Lease shall include any substance defined as a “hazardous
substance,” “toxic substance,” “industrial process waste,” or “special waste” in any Environmental Laws as hereafter defined. Hazardous Materials shall include, but not be limited to, petroleum, gasoline, natural
gas, natural gas liquids, liquefied natural gas, synthetic gas, cryogenic fluids, and/or crude oil or any products, by-products or fractions thereof. 

  
 -15- 

 (b) Lessee shall not engage in any activity in or on the 328 Premises, the 330 Premises, or the
balance of the Property which constitutes a Reportable Use of Hazardous Materials without the express prior written consent of Lessor and timely compliance (at Lessee’s expense) with all Environmental Laws. “Reportable Use” shall mean
(1) the installation or use of any above or below ground storage tank, (2) the generation, possession, storage, use, transportation, or disposal of Hazardous Materials that require a permit from, or with respect to which a report, notice,
registration or business plan is required to be filed with, any governmental authority, and/or (3) the presence at the 328 Premises, the 330 Premises, or the Property of Hazardous Materials with respect to which any Environmental Law requires
that a notice be given to persons entering or occupying the 328 Premises, the 330 Premises, or the Property, or neighboring properties. Notwithstanding the foregoing, Lessee may use Hazardous Materials in the 328 Premises and the 330 Premises
(A) that are ordinary and customary office supplies and cleaning materials; or (B) that are required for the conduct of Lessee’s business and are listed on Exhibit “E” attached hereto and incorporated by reference herein,
provided that none of such Hazardous Materials listed on Exhibit “E” require that Lessee obtain a conditional use permit from the City of Sunnyvale for the storage and use thereof by Lessee on the 328 Premises or the 330 Premises; or
(C) that are approved in writing by Lessor hereafter, which approval as to Hazardous Materials required for the conduct of Lessee’s business shall not be unreasonably withheld so long as Lessee provides Lessor with written assurances
reasonably acceptable to Lessor that the storage, handling, use, disposal, and transportation of such Hazardous Materials in quantities proposed to be stored on the 328 Premises or the 330 Premises and used by Lessee will not require that Lessee
obtain a conditional use permit from the City of Sunnyvale and will not contaminate the Property or expose the occupants of the Property or neighboring properties or businesses to risk of harm, and so long as all such uses referred to in clauses
(1), (2), and (3) above are in compliance with all Environmental Laws, and do not expose the 328 Premises or the 330 Premises, or the Property, or neighboring property or businesses to any unusual or atypical risk of contamination or damage or
expose Lessor to any liability therefor. In addition, Lessor may condition its consent to any Reportable Use upon receiving such additional assurances as Lessor reasonably deems necessary to protect itself, the public, the 328 Premises, the 330
Premises, the Property, and/or the environment against damage, contamination, injury and/or liability, including, but not limited to, the installation (and removal on or before Lease expiration or termination) of any protective modifications
installed by Lessee (such as concrete encasements). 
 (c) “Environmental Laws” shall mean and include any Federal, State, or local
statute, law, ordinance, code, rule, regulation, order, or decree regulating, relating to, or imposing liability or standards of conduct concerning, any hazardous, toxic, or dangerous waste, substance, element, compound, mixture or material, as now
or at any time hereafter in effect including, without limitation, California Health and Safety Code §§25100 et seq., §§25300 et seq., Sections 25281(f) and 25501 of the California Health and Safety Code, Section 13050 of the
Water Code, the Federal Comprehensive Environmental Response, Compensation and Liability Act, as amended, 42 U.S.C. §§9601 et seq. (“CERCLA”), the Superfund Amendments and Reauthorization Act, 42 U.S.C. §§9601 et seq.,
the Federal Toxic Substances Control Act, 15 U.S.C. §§2601 et seq., the Federal Resource Conservation and Recovery Act as amended, 42 U.S.C. §§6901 et seq., the Federal Hazardous Material Transportation Act, 49 U.S.C.
§§1801 et seq., the Federal Clean Air Act, 42 U.S.C. §7401 et seq., the Federal Water Pollution Control Act, 33 U.S.C. §1251 et seq., the Rivers and Harbors Act of 1899, 33 U.S.C. §§401 et seq., and all rules and
regulations of the EPA, the California Environmental Protection Agency, or any other state or federal department, board or any other agency or governmental board or entity having jurisdiction over the environment, as any of the foregoing have been,
or are hereafter amended. 

  
 -16- 

 (d) If Lessee knows, or has reasonable cause to believe, that Lessee or its agents, employees or
contractors have released Hazardous Materials in, on, under or about the 328 Premises, the 330 Premises, or the Property, other than as previously consented to by Lessor, Lessee shall immediately give written notice of such fact to Lessor and
deliver to Lessor a copy of any report, notice, claim or other documentation which Lessee has received concerning the presence of such Hazardous Materials. 

(e) Lessee and Lessee’s agents, employees, and contractors shall not cause any Hazardous Materials to be discharged into the plumbing or
sewage system of the 328 Building or the 330 Building, or into or onto the Land underlying or adjacent to the 328 Building or the 330 Building in violation of any Environmental Laws. Lessee shall promptly, at Lessee’s expense, take all
investigatory and/or remedial action reasonably recommended, whether or not formally ordered or required, (1) for the cleanup of any contamination released or emitted in violation of Environmental Laws or the terms of this Lease by Lessee or by
any of Lessee’s employees, agents, contractors, or sublessees, and (2) for the maintenance, security and/or monitoring (to the extent required by Environmental Laws) of the 328 Premises and the 330 Premises, and the Property, or
neighboring properties if such contamination is caused by a release or emission of any Hazardous Materials by Lessee or by any of Lessee’s employees, agents, contractors, or sublessees. 

(f) Lessee shall indemnify, defend and hold Lessor and its managers, members, agents, employees, and lenders and the 328 Premises, the 330
Premises, and the Property harmless from any and all claims, damages, fines, judgments, penalties, costs, liabilities or losses (including, without limitation, any and all sums paid or payable for settlement of claims, attorneys’ fees,
consultants’ and experts’ fees) arising during or after the term of this Lease out of or involving the release of any Hazardous Materials brought onto the 328 Premises, the 330 Premises, or the Property by Lessee or by any of Lessee’s
employees, agents, contractors, invitees, sublessees, successors or assigns, collectively, “Lessee Parties.” Lessee’s obligations under this Paragraph 14(f) shall include, but not be limited to, the effects of any contamination or
injury to person, property or the environment caused by Lessee or any Lessee Parties, and the cost of investigation (including consultants’ and attorneys’ fees and testing), removal, remediation, restoration and/or abatement thereof, or of
any contamination therein involved, as required by Environmental Laws. The foregoing indemnity obligations of Lessee shall survive the expiration or earlier termination of this Lease with respect to the 328 Premises, the 330 Premises, or both the
328 Premises and the 330 Premises and the Property. No termination, cancellation or release agreement entered into by Lessor and Lessee shall release Lessee from its obligations under this Lease with respect to Hazardous Materials, unless
specifically so agreed by Lessor in writing at the time of such agreement. 
 (g) To the best of the actual knowledge of Harold Balzer,
President of the Managing Member of Lessor, with no duty of investigation, (a) no Hazardous Material is present on the Property or the soil, surface water or groundwater thereof, (b) no underground storage tanks are present on the
Property, and (c) no action, proceeding or claim is pending or threatened regarding the Property concerning any Hazardous Material or pursuant to any Environmental Law. 

(h) The provisions of this Paragraph 14, including, but not limited to, the indemnity in Paragraph 14(f), shall survive the expiration or
earlier termination of the term of this Lease with respect to the 328 Premises, the 330 Premises, and the Property. 

  
 -17- 

 15. Taxes on Lessee’s Property. Lessee shall pay before delinquency any and all
taxes, assessments, license fees, and public charges levied, assessed, or imposed and which become payable during the term and any extension thereof upon Lessee’s equipment, fixtures, furniture, and personal property installed in or located on
the 328 Premises or the 330 Premises. 
 16. Insurance.

(a) Lessee shall, at Lessee’s sole cost and expense, (1) continue to provide with respect to the 330 Premises during the term of the
Lease of the 330 Premises and (2) provide and keep in force commencing on the Commencement Date of the term of the Lease of the 328 Premises, and continuing during the term of the Lease of the 328 Premises, a commercial general liability
insurance policy with a recognized casualty insurance company qualified to do business in California, insuring against any and all liability occasioned by any occurrence in, on, about, or related to the Property, the 328 Premises, or the 330
Premises, or arising out of the condition, use, occupancy, alteration or maintenance of the 328 Premises, the 330 Premises, or the Property, having a combined single limit for both bodily injury and property damage in an amount not less than Two
Million Dollars ($2,000,000.00) per occurrence. Lessee’s liability insurance policy shall contain cross liability endorsements, shall contain contractual liability coverage (including Lessee’s indemnity obligation in Paragraph 17(a)) and
shall include Lessor and W.F. Batton Management Company, Lessor’s property manager, as additional insureds. All such insurance carried by Lessee shall be carried with companies that have a general policyholder’s rating of not less than
“A” and a financial rating of not less than Class “X” in the most current edition of Best’s Insurance Reports; shall provide that such policies shall not be subject to cancellation except after at least thirty
(30) days’ prior written notice to Lessor; and shall be primary and not contributory. Upon renewal of such policies prior to the expiration of the term of such coverage, Lessee shall deliver to Lessor certificates of insurance confirming
such coverage, together with evidence of the payment of the premiums therefor. If Lessee fails to procure and maintain the insurance required hereunder within five (5) days after receipt by Lessee of written notice from Lessor, Lessor may, but
shall not be required to, order such insurance at Lessee’s expense and Lessee shall reimburse Lessor upon demand for all costs incurred by Lessor with respect thereto. Lessee’s reimbursement to Lessor for such amounts shall be deemed
Additional Rent, and shall include all sums disbursed, incurred or deposited by Lessor, including Lessor’s costs, expenses, and reasonable attorneys’ fees, with interest thereon at the Interest Rate. 

Lessee shall not be required to carry earthquake or flood insurance on Lessee’s personal property, fixtures, equipment, or other property
of Lessee in the 328 Building or the 330 Building or any alterations or improvements required to be insured against by Lessee under this Lease. 

(b) Subject to the provisions of Paragraphs 10(a), 10(b), and 10(d), Lessor shall obtain and carry in Lessor’s name, as insured, during
the term of this Lease, “all risk” property insurance coverage in an amount equal to the full replacement cost of the 328 Building, the 330 Building, and any other Improvements on the Property (with rental loss insurance coverage for a
period of one year) (“Lessor’s property insurance”), commercial general liability insurance, and insurance against such other risks or casualties as Lessor shall reasonably determine, including, but not limited to, insurance coverages
required of Lessor by the beneficiary of any deed of trust which encumbers the Property (including earthquake, flood, and terrorism insurance coverage, but only if 

  
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required by Lessor’s lender), insuring Lessor’s interest in the Property, any other Improvements to the Property constructed by Lessor, or by Lessee with Lessor’s prior written
approval, in an amount not less than the full replacement cost of the 328 Building, the 330 Building, and all other Improvements on the Property from time to time. The proceeds of any such insurance shall be payable solely to Lessor and Lessee shall
have no right or interest therein. Lessor shall have no obligation to insure against loss by Lessee to Lessee’s equipment, furniture, fixtures, inventory, or other personal property of Lessee in, on, or about the 328 Premises or the 330
Premises occurring from any cause whatsoever. Lessor’s commercial general liability insurance shall provide for contractual liability coverage of Lessor’s indemnity referred to in Paragraph 17(b). 

(c) Notwithstanding anything to the contrary contained in this Lease, the parties release each other, and their respective authorized
representatives, employees, officers, directors, shareholders, managers, members, assignees, subtenants, and property managers, from any claims for damage to the Property and to the fixtures, personal property, leasehold improvements and alterations
of either Lessor or Lessee in or on the Property that are caused by or result from risks required by this Lease to be insured against or actually insured against under any property insurance policies carried by the parties and in force at the time
of any such damage, whichever is greater. This waiver applies whether or not the loss is due to the negligent acts or omissions of Lessor or Lessee or their respective authorized representatives, shareholders, managers, members, assignees,
subtenants, successors, officers, directors, employees, agents, contractors, or invitees. All of Lessor’s and Lessee’s repair and indemnity obligations under this Lease shall be subject to the waiver contained in this Paragraph 12(c). 

(d) Each party shall cause each property insurance policy obtained by it to provide that the insurance company waives all right of recovery by
way of subrogation against either party in connection with the above waiver and any damage covered by any policy; provided, however, that such provision or endorsement shall not be required if the applicable policy of insurance permits the named
insured to waive rights of subrogation on a blanket basis, in which case the blanket waiver shall be acceptable. Neither party shall be liable to the other for any property loss or damage caused by fire, or any of the risks insured against (or
required to be insured against) under any property insurance policy carried pursuant to this Lease. 
 17. Indemnification.

(a) Subject to Paragraphs 16(c) and 16(d), Lessee shall indemnify, defend, and hold Lessor harmless from all claims, suits, actions, or
liabilities for personal injury, death or for loss or damage to property (1) that arise from any activity, work, or thing done or permitted by Lessee in or about the Property, (2) for bodily injury or damage to property which arises in or
about the Property to the extent the injury or damage to property results from the negligent acts or omissions of Lessee, its employees, agents, or contractors, or (3) that are based on any Event of Default (as defined in Paragraph 23) by
Lessee in the performance of any obligation on Lessee’s part to be performed under this Lease, except to the extent caused by the gross negligence or willful misconduct of Lessor or its employees, agents, or contractors, or caused by a breach
by Lessor of its obligations under this Lease. Lessee also waives all claims against Lessor for damages to property, or to goods, wares, and merchandise stored in, upon, or about the 328 Premises, the 330 Premises, or the Property, and for injuries
to persons in, upon, or about the 328 Premises, the 330 Premises, or the Property from any cause arising at any time, unless caused by the gross negligence or willful misconduct of Lessor or its employees, agents or contractors, or by the breach by
Lessor of its obligations under this Lease. 

  
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 (b) Subject to Paragraphs 12(c) and 12(d), Lessor shall indemnify, defend, and hold Lessee
harmless from all claims for personal injury, death or for loss or damage to property (1) that arise from bodily injury or damage to property in or about the Property to the extent the injury or damage to property results from the gross
negligence or willful misconduct of Lessor, its employees, agents or contractors, or (2) that are based on any breach or default by Lessor in the performance of any obligation on Lessor’s part to be performed under this Lease, except to
the extent caused by the negligence or willful misconduct of Lessee or its employees, agents or contractors or a breach by Lessee of its obligations under this Lease. 

(c) The foregoing indemnities by Lessee and Lessor shall also include reasonable costs, expenses and attorneys’ fees incurred in
connection with any indemnified claim or incurred by the indemnitee in successfully establishing the right to indemnity. The indemnitor shall have the right to assume the defense of any claim subject to the foregoing indemnities with counsel
reasonably satisfactory to the indemnitee. The indemnitee agrees to cooperate fully with the indemnitor and its counsel in any matter where the indemnitor elects to defend, provided the indemnitor shall promptly reimburse the indemnitee for
reasonable costs and expenses incurred in connection with its duty to cooperate. 
 Performance of the foregoing indemnities are conditioned
upon the indemnitee providing reasonably prompt notice to the indemnitor of any claim or occurrence that is likely to give rise to a claim, suit, action or liability that will fall within the scope of the foregoing indemnities, along with sufficient
details that will enable the indemnitor to make a reasonable investigation of the claim. 
 When the claim is caused by the joint negligence
or willful misconduct of Lessee and Lessor or by the indemnitor party and a third party unrelated to the indemnitor party (except indemnitor’s agents, officers, employees or invitees), the indemnitor’s duty to indemnify and defend shall be
proportionate to the indemnitor’s allocable share of joint negligence or willful misconduct. 
 (d) Notwithstanding anything to the
contrary contained herein, neither party shall be liable to the other, or to any of the employees, agents, contractors, or invitees of the other for any damage because of any act or negligence of any owner or occupant of adjoining or contiguous
property, nor shall Lessor be liable to Lessee for overflow, breakage, or leakage of water, steam, gas, or electricity from pipes, wires, or otherwise in the 328 Building or the 330 Building. 

18. Tenant Improvement Work – 328 Gibraltar Building.

(a) Lessee hereby acknowledges that Lessor has completed in a satisfactory manner all of the Lessor’s Tenant Improvement Work in the 330
Gibraltar Building required by Paragraph 14 of the Original Lease and shown on Lessor’s Tenant Improvement Work in the 330 Gibraltar Building Exhibit “B-2”, of the Original Lease. 

  
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 (b) Subject to Paragraph 18(c), Lessor shall cause the tenant improvements shown on the 328
Gibraltar Building Plan attached hereto as Exhibit “D-1,” and described on Exhibit “D-2” attached hereto, and incorporated by reference herein (“328 Gibraltar Building Tenant Improvement Work”) to be constructed and
installed in the 328 Building. Lessor shall use Lessor’s good faith diligent efforts to cause the 328 Gibraltar Building Tenant Improvement Work to be substantially completed within thirty (30) days after the occurrence of all of the
following: (1) the execution and delivery of this Lease by the parties; (2) Lessor and Lessee have approved in writing Exhibits “D-1” and “D-2,” and any amendment to Exhibit “B-2” with respect to tenant
improvements to the 330 Building, if applicable, and said Exhibits, and amendment, if applicable, have been attached to this Lease; and (3) Lessor and Lessee have approved in writing the guaranteed maximum cost (“Guaranteed Maximum
Cost”) of the 328 Gibraltar Building Tenant Improvement Work specified in the construction contract signed by Lessor and the general contractor who shall perform the work. The 328 Gibraltar Building Tenant Improvement Work shall be constructed
and installed in accordance with the 328 Gibraltar Building Plan attached hereto as Exhibit “D-1” and the description of the 328 Gibraltar Building Tenant Improvement Work on Exhibit “D-2” attached hereto, (and any amendment to
Exhibit “B-2”, if applicable). Upon completion of the plans and specifications for the 328 Gibraltar Building Tenant Improvement Work (and for the 330 Gibraltar Building, if applicable), and prior to commencing construction of the work,
Lessor and Lessee shall approve in writing the amount of the Guaranteed Maximum Cost of the work included in the construction contract between Lessor and the general contractor who shall perform the work Lessee shall approve or disapprove of such
Guaranteed Maximum Cost within five (5) days after receipt by Lessee of written notice from Lessor of said amount. If Lessee disapproves of the Guaranteed Maximum Cost, Lessor and Lessee shall mutually cooperate in good faith to revise and
reach agreement in writing on the scope of the work and on revisions to Exhibits “D-1” and “D-2,” and “B-2”, as applicable, necessary to reach agreement on the Guaranteed Maximum Cost. Any additional tenant improvement
work requested by Lessee that is approved in writing by Lessor, the cost of which exceeds Lessor’s Tenant Improvement Allowance (unless the excess cost is incurred to comply with Applicable Laws including ADA), shall be constructed by
Lessor’s general contractor at Lessee’s expense and shall be added by a change order signed by Lessor and Lessee to the Guaranteed Maximum Cost previously approved by Lessor and Lessee. Lessor shall perform the 328 Gibraltar Building
Tenant Improvement Work and the 330 Gibraltar Building Tenant Improvement Work, in a manner that will minimize interference with Lessee’s use of the 328 Premises, provided that Lessor shall not be required to incur the cost of overtime labor or
premium time in order to minimize such interference. 
 (c) Notwithstanding the provisions of Paragraph 18(b), (1) subject to the
provisions of Paragraph 18(h) below, Lessor shall not be obligated to pay more than Thirty Thousand Dollars ($30,000.00) (“Lessor’s Tenant Improvement Allowance”) of the cost of the 328 Gibraltar Building Tenant Improvement Work
regardless of the total cost of such work; (2) Lessee shall pay the balance of the cost of such work that exceeds Thirty Thousand Dollars ($30,000.00), if any, but not to exceed the Guaranteed Maximum Cost of the 328 Gibraltar Building Tenant
Improvement Work specified in the construction contract with the general contractor which was approved in writing by Lessor and Lessee. Subject to the foregoing, Lessor and Lessee shall approve the 328 Gibraltar Building Plan and the description of
the work on Exhibit “D-1 and “D-2” respectively, (and the amendment to Exhibit “B-2”, if applicable) that are to be attached hereto. Lessor agrees that upon Lessee’s request, and subject to Lessor’s approval of the
work, Lessor’s TI Allowance can be used for TIs in either the 328 and/or the 330 Building. 

  
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 (d) The 328 Gibraltar Building Tenant Improvement Work shall be performed by a general contractor
selected by Lessor pursuant to a Guaranteed Maximum Cost construction contract between Lessor and the contractor describing such Tenant Improvement Work to be constructed and installed in the 328 Premises, the cost thereof, and the scheduled
completion date, and shall include a standard one (1) year warranty by the contractor against defects in workmanship or materials. 

(e) Lessor shall cause the 328 Gibraltar Building Tenant Improvement Work to be performed in accordance with all Applicable Laws, in a good and
workmanlike manner, free of defects in workmanship or materials, and using new materials and equipment of good quality. Lessor shall cause Lessor’s contractor to correct at the contractor’s expense any defects in workmanship or materials
in any of said Tenant Improvement Work noted by either Lessee or Lessor within one (1) year after substantial completion of said Tenant Improvement Work, provided that Lessee gives written notice to Lessor specifying any such defects within
eleven (11) months after the substantial completion of such work. Any needed repairs in the 328 Premises to the Tenant Improvement Work noted by Lessee or Lessor thereafter shall be performed by Lessor and included in the Operating Expenses of
the 328 Premises if properly included therein pursuant to Paragraph 10, if the nature of such repairs is that they fall under Lessor’s maintenance and repair obligations, otherwise such repairs shall be made by Lessor at Lessee’s expense.
In addition, Lessor and Lessee shall conduct a “punch list” inspection of the Lessor’s Tenant Improvement Work in the 328 Premises within fifteen (15) days following the substantial completion of such work. Lessor shall require
the general contractor to repair promptly any such “punch list” items at the general contractor’s sole cost and expense. 

(f) Lessor shall cause the 328 Building to be in the condition required by Paragraph 7(c), including the compliance of the 328 Building with
the Americans With Disabilities Act (ADA), prior to the date the 328 Premises are substantially occupied by Lessee’s employees pursuant to this Lease. 

(g) Subject to the performance by Lessor of Lessor’s obligations under this Paragraph 18 and Paragraph 19(a), Lessee waives all rights to
make repairs the expense of Lessor, or to deduct the costs thereof from the rent, and Lessee waives all rights under Sections 1941 and 1942 of the Civil Code of the State of California. 

(h) Notwithstanding anything to the contrary herein, Lessor’s Tenant Improvement Allowance shall not be used for, and Lessor shall perform
and pay for (and Lessee shall have no responsibility for) the following: (a) costs for improvements which are not shown on or described on Exhibit “D-1” the final 328 Gibraltar Building Plan approved in writing by Lessee and Lessor,
unless such costs are subsequently approved by Lessee and Lessor in writing; (b) costs incurred due to the presence of Hazardous Materials in the 328 Premises or the surrounding area; (c) attorneys’ fees incurred in connection with
negotiation of construction contracts, and attorneys’ fees, experts’ fees and other costs in connection with disputes with third parties; (d) interest and other costs of financing construction costs; (e) costs incurred as a
consequence of delay (unless the delay is caused by Lessee), construction defects or default by a contractor; (f) costs recoverable by Lessor upon account of warranties and insurance; (g) restoration costs in excess of insurance proceeds
as a consequence of casualties; (h) penalties and late charges attributable to Lessor’s failure to pay construction costs; (i) costs to bring the 328 Premises or the 330 Premises into compliance with

  
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Applicable Laws, including, without limitation, the Americans with Disabilities Act,), and environmental laws, but only to the extent such compliance is triggered by typical office improvements
constructed as part of the Tenant Improvements; (j) wages, labor and overhead for overtime and premium time; (k) offsite management or other general overhead costs incurred by Lessor; (l) construction management, profit and overhead
charges of Lessor in excess of 3% of the total cost of the 328 Gibraltar Building Tenant Improvement Work; and (n) construction costs in excess of the Guaranteed Maximum Cost approved in writing by Lessor and Lessee, except for any increase in
the Guaranteed Maximum Cost, set forth in written change orders approved in writing by Lessee and Lessor which Lessee agrees in writing to pay. 

19. Maintenance and Repairs; Alterations; Surrender and Restoration.

(a) Lessor shall, at Lessor’s sole expense, keep in good order, condition, and repair and replace when necessary, the structural elements
of the roof (excluding the roof membrane), the foundation and exterior walls (except the interior faces thereof) of the 328 Building and the 330 Building, excluding any alterations, structural or otherwise, made by Lessee to the 328 Building or the
330 Building which are not approved in writing by Lessor prior to the construction or installation thereof by Lessee or by any assignee or sublessee. Subject to the applicable conditions of Paragraphs 25 and 26 hereof, Lessor shall perform and
construct, and Lessee shall not be responsible for performing or constructing, any repairs, maintenance, or improvements (1) required as a result of any casualty damage or as a result of any taking pursuant to the exercise of the power of
eminent domain, or (2) for which Lessor receives reimbursement from third parties based on construction or other warranties, contractor guarantees, or insurance claims. Lessor shall use its good faith diligent efforts to collect any such sums.

 (b) In addition to the items referred to in Paragraph 10(b), Lessor shall, repair, maintain, and replace as needed, as an Operating
Expense pursuant to Paragraph 10 hereof, the roof membrane, exterior glass and glazing, the electrical, plumbing and life safety systems of the 328 Building, the 330 Building, and the exterior areas of the Property outside the 328 Building and the
330 Building, and the parking facilities serving the 328 Building and the 330 Building, including, without limitation, the landscaping, tree trimming, resurfacing and restriping of the parking lot and walkways, exterior building lighting, and
parking lot lighting. Subject to Paragraphs 10(b) and 10(d), Lessor shall perform or cause to be performed, any repair, maintenance, or improvements which are properly treated as capital improvements or capital expenditures, and shall amortize the
cost thereof over their useful life, together with interest thereon (as provided in Paragraphs 10(b) and 10(d)), as an Operating Expense (to the extent properly includable as an Operating Expense pursuant to Paragraphs 10(b), 10(d) and this
paragraph 19(b)), in accordance with generally accepted accounting principles. In the event Lessee provides Lessor with written notice of the need for any repairs to the 328 Premises, the 330 Premises, the parking facilities, or the landscaping on
the Property, Lessor shall commence any such repairs promptly following receipt by Lessor of such notice and Lessor shall diligently prosecute such repairs to completion. 

(c) Subject to the foregoing, except as otherwise provided in this Lease, during the term of the Lease of the 328 Premises, and during the term
of the Lease of the 330 Premises, Lessee shall keep the 328 Premises, the 330 Premises and the interior common areas of the 328 Building and the 330 Building in the condition received, normal wear and tear excepted. Lessee shall contract for and pay
directly for the janitorial service to the 328 Building and the 330 Building, 

  
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including interior common areas. Lessee shall execute and maintain in full force and effect at Lessee’s expense throughout the term of the Lease of the 328 Premises and the 330 Premises a
service contract with an authorized air conditioning service company for quarterly service, repairs, and replacement of parts, to service the HVAC system serving the 328 Building and the 330 Building. Lessee shall deliver a copy of each such service
contract to Lessor upon written request by Lessor, together with copies of all quarterly inspection reports, work orders, and paid invoices for service, repairs, and replacement of parts performed by Lessee’s HVAC service firm. Lessor shall
have the right to obtain on a semi-annual basis an inspection report of the HVAC system in the 328 Building and the 330 Building from an HVAC service firm designated by Lessor for the purpose of monitoring the performance of the HVAC maintenance and
repair work performed by Lessee’s HVAC service firm. The cost of such inspection reports shall be included as an Operating Expense pursuant to Paragraph 10(b). Notwithstanding the foregoing, if Lessee contracts with an authorized HVAC service
firm that W.F. Batton Management Company (“Batton”) regularly contracts with for HVAC repair and maintenance services for other buildings that Batton manages, and Lessor receives copies of the quarterly inspection reports submitted by such
service firm, Lessor will waive the right to obtain the separate semi-annual inspection report referred to above. If Lessor is required to make any repairs by reason of Lessee’s negligent acts or omission to act, Lessor shall notify Lessee
prior to performing such repairs and Lessor may add the cost of such repairs to the next installment of rent which shall thereafter become due, and Lessee shall promptly pay the same upon receipt of an invoice therefor. 

(d) Subject to Lessee’s obligation to keep the Property free of liens pursuant to Paragraph 21, Lessee may from time to time at its own
expense and without the consent of Lessor make nonstructural alterations to the 328 Building or the 330 Building, the cost of which in any one instance is Twenty-five Thousand Dollars ($25,000.00) or less, provided that Lessee first notifies Lessor
in writing of any such nonstructural alterations, Lessee provides Lessor with plans detailing the scope of the work, and Lessee shall obtain at Lessee’s expense all necessary permits for such work. Lessee shall not make any nonstructural
alterations, improvements, or additions to the 328 Premises or the 328 Building, or the 330 Premises or the 330 Building, (collectively, “alterations”) (1) the cost of which in any one instance exceeds Twenty-five Thousand Dollars
($25,000.00) (2) without obtaining Lessor’s prior written consent thereto, which consent shall not be unreasonably withheld, conditioned or delayed, and without delivering to Lessor a complete set of final plans and specifications for such
work, and any amendments thereto. If the cost of any nonstructural alterations to the interior of the 328 Building or the 330 Building exceeds Twenty-five Thousand Dollars ($25,000.00) in cost in any one instance during the term of this Lease,
Lessee shall employ at Lessee’s expense a qualified licensed general contractor to perform such alterations pursuant to a construction contract entered into between Lessee and such contractor. The contractor and the construction contract shall
be subject to Lessor’s written approval prior to commencement of construction, which approval shall not be unreasonably withheld. Lessor may condition Lessor’s consent to such alterations to Lessee agreeing in writing to remove any such
alterations prior to the expiration or termination of the Lease of the 328 Premises or the 330 Premises and to restore the 328 Premises or the 330 Premises to its condition prior to such alterations at Lessee’s expense. Lessor shall advise
Lessee in writing at the time Lessor’s consent is granted whether or not Lessee will be required to remove the alterations from the 328 Premises or the 330 Premises and to restore the 328 Premises or the 330 Premises to its prior condition
prior to the expiration or earlier termination of this Lease. No such removal and restoration by Lessee shall be required unless Lessor so notifies Lessee at the time Lessor’s written consent to the alterations is granted. 

  
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 Notwithstanding the foregoing, Lessee may, without Lessor’s prior written consent, install
its cabling and equipment in the 328 Premises, including hanging equipment from walls and ceilings and installing cabling and equipment above and below the ceiling grid. 

All alterations, trade fixtures and personal property installed in the 328 Premises or the 330 Premises solely at Lessee’s expense shall
during the term of this Lease remain the property of Lessee, and Lessee shall be entitled to all depreciation, amortization and other tax benefits with respect thereto. Lessee may remove any of Lessee’s personal property, furniture, or
equipment not permanently affixed to the 328 Building or the 330 Building (“Lessee’s Personal Property”) at any time and from time to time, provided that Lessee shall repair any damage to the 328 Building or the 330 Building caused by
such removal. Lessor shall have no lien or other interest whatsoever in any item of Lessee’s Personal Property. Within ten (10) days following Lessee’s request from time to time, Lessor shall execute and deliver documents in
commercially reasonable form to evidence Lessor’s waiver of any right, title, lien or interest in any of Lessee’s Personal Property and giving any lenders or other persons holding a security interest or lien on such property reasonable
rights of access to the 328 Premises or the 330 Premises to remove Lessee’s Personal Property, provided that such lenders or other persons agree in writing to repair all damage caused by such removal. Upon the expiration or sooner termination
of the Lease of the 328 Premises and the 330 Premises, all alterations, fixtures and improvements to the 328 Premises or the 330 Premises, whether made by Lessor or installed by Lessee at Lessee’s expense, shall be surrendered by Lessee with
the 328 Premises or the 330 Premises and shall become the property of Lessor (except for those items Lessor requires Lessee to remove pursuant to the first paragraph of this Paragraph 19(d)); provided, however that Lessee may remove any or all of
Lessee’s Personal Property prior to or promptly following the expiration of the term of the 328 Lease or the 330 Lease, but Lessee shall promptly repair at Lessee’s expense any damage to the 328 Premises or the 330 Premises or the 328
Building or the 330 Building caused by such removal. 
 (e) Lessee, at Lessee’s sole cost and expense, shall during the term of this
Lease promptly and promptly observe and comply with all existing and future Applicable Laws, and all rules and regulations of the Board of Fire Underwriters. Any changes or repairs, structural or otherwise, of any nature to the 328 Premises or the
328 Building, or to the 330 Premises or the 330 Building, including those which would be considered a capital expenditure under generally accepted accounting principles, including changes or repairs required by the ADA, any state laws governing
handicapped access or architectural barriers, and all rules, regulations and guidelines promulgated under such laws after the Commencement Date of the Lease of the 328 Premises pursuant to this Lease, or after the Commencement Date of the Original
Lease of the 330 Building, as such laws, rules, or regulations may be amended from time to time, shall be made by Lessor unless such repairs or changes are required by reason of the specific nature of the use of the 328 Premises or the 328 Building;
or the 330 Premises or the 330 Building, by Lessee, in which case Lessee shall bear the cost of such repairs or changes. If such changes or repairs are required after the Commencement Date of the Lease of the 328 Premises pursuant to this Lease or
after the Commencement Date of the Original Lease of the 330 Building and are not required by reason of the specific nature of Lessee’s use of the 328 Premises or the 328 Building, or the 330 Premises or the 330 Building, the cost of such
changes or repairs, except as provided in Paragraph 19(a), shall be treated as an Operating Expense and shall be amortized in accordance with the provisions of Paragraph 10(b). 

  
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 (f) Lessee shall surrender the 328 Premises and the 330 Premises by the last day of the term of
the Lease of 328 Premises and the last day of the term of the 330 Premises, respectively, or any earlier termination date, with all of the improvements to such Premises and the 328 Building and the 330 Building, parts, and surfaces thereof clean and
free of debris and in the operating order, condition, and state of repair as when received, except for ordinary wear and tear and Lessor’s repair and maintenance obligations, and except for damage caused by casualty, the elements, acts of God,
or other force majeure events, a taking by eminent domain, maintenance that is Lessor’s responsibility hereunder, Hazardous Materials not released or emitted by Lessee or Lessee’s agents, employees, contractors or sublessees, and
alterations or other improvements made by Lessee with Lessor’s prior written consent which Lessee is not required to remove as a condition to Lessor’s approval of such alterations or improvements. “Ordinary wear and tear” shall
not include any damage or deterioration that would have been prevented by commercially reasonable maintenance practices or by Lessee performing all of its obligations under this Lease. The obligations of Lessee shall include the repair of any damage
occasioned by the installation, maintenance, or removal of Lessee’s trade fixtures, furnishings, equipment, and alterations, and the restoration by Lessee of the 328 Premises, the 330 Premises, and the 328 Building and the 330 Building to their
condition prior to any alterations, additions, or improvements made by Lessee, subject to the exceptions set forth in the first sentence of this subparagraph (f) (1) if Lessor’s consent thereto was conditioned upon such removal and
restoration upon expiration or sooner termination of the Lease term pursuant to Paragraph 19(d), or (2) if Lessee made any such alterations, additions, or improvements without obtaining Lessor’s prior written consent in breach of Paragraph
19(d), and within a reasonable time after the expiration or sooner termination of the Lease term Lessor gives written notice to Lessee requiring Lessee to perform such removal and restoration. Lessee’s obligations under this Paragraph 19 shall
survive the expiration or earlier termination of this Lease with respect to the 328 Premises and the 328 Building and the 330 Premises and the 330 Building, as applicable. 

(g) Notwithstanding the foregoing, upon the surrender of the 328 Premises and/or the 330 Premises Lessee shall not be obligated to remove any
of the tenant improvements constructed in the 328 Premises by Lessor pursuant to Paragraph 18 of this Lease, or constructed in the 330 Premises by Lessor pursuant to Paragraph 14 of the Original Lease, or to restore the 328 Premises or the 330
Premises to the condition prior to the construction of such tenant improvements, except that Lessee shall, at Lessee’s expense, remove all above grid electronic, fiber, phone and data cabling and related equipment, including any “open
air” cabling (collectively, the “Cabling”), that has been installed in the 328 Building or the 330 Building by Lessee. Lessee shall have the right to use the existing Cabling in the 328 Building and/or the 330 Building, as of the date
of the Original Lease, unless removal of the existing Cabling is required at any time by the Sunnyvale Fire Department, by the ordinances or regulations of the City of Sunnyvale, or by the National Electric Code, or other Applicable Laws, in which
event Lessor shall remove such existing Cabling at Lessor’s expense. Any removal of Cabling installed by Lessee required by this subparagraph (g) shall be completed by Lessee at Lessee’s expense within five (5) business days
after the expiration or earlier termination of the Lease of the 328 Premises or the Lease of the 330 Premises, regardless of whether or not such removal has previously been required by the foregoing Applicable Laws;

  
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provided, however, that, except for the “open air Cabling,” Lessee shall not remove the Cabling in either the 328 Building or the 330 Building if Lessee receives a written notice from
Lessor at least fifteen (15) days prior to the expiration or earlier termination of the Lease of the 328 Building or the 330 Building, respectively, requiring the Cabling to remain in place, in which event the Cabling (except the “open air
Cabling”) shall be surrendered by Lessee with the 328 Building or the 330 Building, and the Property, and shall become the property of Lessor upon the expiration or earlier termination of the Lease of the 328 Building or the Lease of the 330
Building, as applicable. 
 Upon the expiration or earlier termination of the Lease of the 328 Premises and/or the Lease of the 330 Premises
Lessee shall, at Lessee’s expense, obtain a closure report from the appropriate department of the City of Sunnyvale with respect to any Hazardous Materials used, stored, or released by Lessee on or about the 328 Premises, the 330 Premises, or
the Property. Any removal and remediation of Hazardous Materials by Lessee shall be certified by the appropriate department of the City of Sunnyvale and a copy of such certification shall be delivered to Lessor. 

20. Utilities and Services.

(a) Lessee shall contract for and pay directly the cost of all electricity, telephone, gas, water, heat and air conditioning service,
janitorial service, refuse pick-up, sewer charges, and all other utilities or services supplied to or consumed by Lessee, its agents, employees, contractors, and invitees, on or about the 328 Premises and the 330 Premises and the common areas of the
Property. 
 (b) Lessor shall not be liable to Lessee for any interruption or failure of any utility services to the 328 Premises, the 330
Premises, or the 328 Building or the 330 Building which is not caused by the negligence or willful acts of Lessor, or Lessor’s employees, agents, or contractors. Lessee shall not be relieved from the performance of any covenant or agreement in
this Lease because of any such interruption or failure. If either the 328 Premises or the 330 Premises should become not reasonably suitable for Lessee’s use as a consequence of cessation of utilities or other services, interference with access
to either the 328 Premises, the 330 Premises, or the 328 Building or the 330 Building, legal restrictions or the presence of any Hazardous Material which does not result from Lessee’s release or emission of such Hazardous Material, and in any
of the foregoing cases the interference with Lessee’s use of the 328 Premises or the 330 Premises persists for ten (10) consecutive days or more, then Lessee shall be entitled to an equitable abatement of rent thereafter to the extent of
the interference with Lessee’s use of the 328 Premises or the 330 Premises occasioned thereby and until the interference ceases. If the interference persists for more than ninety (90) consecutive days, Lessee shall have the right to
terminate the Lease of the Premises affected (328 Premises or 330 Premises) by giving written notice of termination to Lessor, provided that such notice of termination is delivered to Lessor within thirty (30) days after the expiration of said
period of ninety (90) days, and before such utility service is restored. 
 21. Liens. Lessee agrees to keep the Property
free from all liens arising out of any improvement work performed by Lessee or arising out of any other work performed, materials furnished, or obligations incurred by Lessee. Lessee shall give Lessor at least ten (10) days prior written notice
before commencing any work of improvement on the 328 Premises or the 330 Premises, regardless of the cost of the work. Lessor shall have the right to post notices of non-responsibility with respect to any such work. If Lessee shall, in good faith,
contest the validity of any such lien, claim or demand, then Lessee shall, at its sole expense, defend and protect itself, Lessor and the Property against the same, and Lessee shall pay and satisfy any such adverse judgment that may be rendered
thereon or provide a lien release bond in accordance with applicable law before the enforcement thereof against Lessor or the Property. 

  
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 22. Assignment and Subletting.

(a) Except as otherwise provided in this Paragraph 22, Lessee shall not assign this Lease, or any interest therein, voluntarily or
involuntarily, and Lessee shall not sublet the 328 Premises or the 330 Premises, or any part thereof, or any right or privilege appurtenant thereto, without the prior written consent of Lessor in each instance pursuant to the terms and conditions
set forth below, which consent shall not be unreasonably withheld, conditioned, or delayed, subject to the following provisions. 
 (b) Prior
to any assignment or sublease which Lessee desires to make, Lessee shall provide to Lessor the name and address of the proposed assignee or sublessee, true and complete copies of all documents relating to Lessee’s prospective agreement to
assign or sublease, a copy of a current financial statement for such proposed assignee or sublessee, and Lessee shall specify in writing all consideration to be received by Lessee for such assignment or sublease in the form of lump sum payments,
installments of rent, or otherwise. For purposes of this Paragraph 22, the term “consideration” shall include all money or other consideration to be received by Lessee for such assignment or sublease. Subject to the following paragraph,
within fifteen (15) days after the receipt by Lessor of such documentation and other information, Lessor shall (1) notify Lessee in writing that Lessor elects to consent to the proposed assignment or sublease subject to the terms and
conditions hereinafter set forth; or (2) notify Lessee in writing that Lessor refuses such consent, specifying reasonable grounds for such refusal. 

If Lessee shall propose to sublease substantially the entire 328 Premises or the entire 330 Premises for substantially the entire remaining
initial term thereof, or for the balance of the then applicable option extension period with respect to the 328 Premises or the 330 Premises, except to one or more “Permitted Affiliates” (as defined in Paragraph 22(g)), Lessee shall so
notify Lessor in writing, specifying the proposed commencement date of the proposed sublease and the other information referred to above in this Paragraph 22(b). Within fifteen (15) days after the receipt of such notice and information from
Lessee, Lessor may notify Lessee in writing that Lessor elects to terminate the Lease of the 328 Premises, or the Lease of the 330 Premises (or both if the proposed sublease applies to both the 328 Premises and the 330 Premises), effective as of the
proposed sublease commencement date specified in Lessee’s notice. If Lessor elects to terminate the Lease of the 328 Premises or the 330 Premises (or both if the proposed sublease applies to both) pursuant to the foregoing provision, upon the
effective date of termination, Lessor and Lessee shall each be released and discharged from any liability or obligation to the other under the Lease of the 328 Premises and/or the 330 Premises accruing thereafter, except for any obligations then
outstanding and except for any indemnity obligations or other obligations which survive the expiration or termination of this Lease of the 328 Premises or the 330 Premises (or both, if applicable) by the express terms hereof, and Lessee agrees that
Lessor may enter into a direct lease with a proposed sublessee, if any, without any obligation or liability to Lessee. 

  
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 (c) In deciding whether to consent to any proposed assignment or sublease, Lessor may take into
consideration whether or not reasonable conditions have been satisfied, including, but not limited to, the following: 
 (1) In
Lessor’s reasonable judgment, the proposed assignee or subtenant is engaged in such a business, that the 328 Premises and/or the 330 Premises, or the relevant part thereof, will be used in such a manner which complies with Paragraph 13 hereof
entitled “Use” and Lessee or the proposed assignee or sublessee submits to Lessor documentary evidence reasonably satisfactory to Lessor that such proposed use constitutes a permitted use of the affected Premises pursuant to the ordinances
and regulations of the City of Sunnyvale; 
 (2) The proposed assignee or sublessee is a reputable person or entity with sufficient
financial net worth to reasonably indicate that it will be able to meet its obligations under this Lease of the 328 Premises and/or the 330 Premises, and under the sublease, in a timely manner; and 

(3) The proposed assignment or sublease shall be subject to approval by Lessor’s mortgage lender, if Lessor’s mortgage lender so
requires under the express terms of its written agreement with Lessor; and Lessor shall use its good faith efforts to obtain such approval promptly following Lessee’s request. 

Lessor’s consent to the assignment or sublease shall be in a separate instrument signed by Lessor, Lessee, and the assignee or sublessee
containing the relevant provisions of this Paragraph 22 and otherwise in form reasonably acceptable to Lessor and its counsel. 
 (d) As a
condition to Lessor’s granting its consent to any assignment or sublease, (1) Lessor may require that Lessee reimburse Lessor for Lessor’s reasonable attorneys’ fees incurred in the negotiation, preparation, and review by Lessor
and Lessor’s counsel of the documentation relating to the proposed assignment or sublease, including Lessor’s consent thereto (not to exceed $2,000); (2) Lessor may require that Lessee pay to Lessor, as and when received by Lessee,
fifty percent (50%) of the amount of any excess of the consideration actually received by Lessee in connection with said assignment or sublease over and above the rental amount fixed by this Lease and payable by Lessee to Lessor, after
deducting only (A) the cost of any work performed by Lessee in the 328 Premises or the 330 Premises at Lessee’s expense in connection with such assignment or sublease, provided, that any such work shall be subject to the provisions of
Paragraph 19(d); (B) a standard leasing commission payable by Lessee in consummating such assignment or sublease; and (C) reasonable attorneys’ fees incurred by Lessee and Lessor in connection with such assignment or sublease,
including the reimbursement by Lessee of Lessor’s attorneys’ fees referred to above; and (3) Lessee and the proposed assignee or sublessee shall demonstrate to Lessor’s reasonable satisfaction that each of the criteria referred
to in subparagraph (c) above is satisfied. 
 (e) Each assignment or sublease agreement to which Lessor has consented shall be an
instrument in writing which complies with the provisions of this Paragraph 22 and in form reasonably satisfactory to Lessor, and shall be executed by both Lessee and the assignee or sublessee, as the case may be. Each such assignment or sublease
agreement shall recite that it is and shall be subject and subordinate to the provisions of this Lease, that the assignee or sublessee accepts such assignment or sublease, that Lessor’s consent thereto shall not constitute a consent to any

  
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subsequent assignment or subletting by Lessee or the assignee or sublessee, and, except as otherwise set forth in a sublease approved by Lessor, the assignee or sublessee agrees to perform all of
the obligations of Lessee hereunder (to the extent such obligations relate to the portion of the 328 Premises or the 330 Premises assigned or subleased or as appropriate), and that the termination of this Lease of the 328 Premises or the 330
Premises shall, at Lessor’s sole election, constitute a termination of every such assignment or sublease of the premises affected by such termination. 

(f) In the event Lessor shall consent to an assignment or sublease, except as otherwise provided in Paragraphs 22(g) or 22(h), Lessee shall
remain primarily liable for all obligations and liabilities of Lessee under this Lease of the 328 Premises or the 330 Premises or both, including, but not limited to, the payment of rent. Lessor may condition Lessor’s consent to the assignment
of this Lease to the waiver by Lessee, as Assignor, in form acceptable to Lessor, of all of Lessee’s rights as guarantor of the performance by the assignee of the obligations of Lessee under the Lease of the 328 Premises or the Lease of the 330
Premises provided for in the California suretyship statutes, including, but not limited to, Title 13 of the California Civil Code. 
 (g)
Notwithstanding the foregoing, Lessee may, without Lessor’s prior written consent, and without any participation by Lessor in assignment and subletting proceeds, assign this Lease of the 328 Premises and/or the Lease of the 330 Premises, or
sublet all or any portion of the 328 Premises or the 330 Premises to a subsidiary, affiliate, division or corporation controlled by or under common control with Lessee, or to a successor corporation to Lessee by merger, consolidation or
reorganization, or to a purchaser of all or substantially all of Lessee’s business operations conducted on the 328 Premises, the 330 Premises, or both (each, a “Permitted Affiliate”); provided, that except as specified hereafter (and
except in cases where Lessee does not survive the transaction), Lessee shall remain primarily liable for all obligations and liabilities of Lessee under this Lease with respect to such space, including, but not limited to, the payment of rent.
Lessee’s foregoing rights to assign this Lease or to sublet the 328 Premises and/or the 330 Premises to a Permitted Affiliate shall be subject to the following conditions: (1) there shall be no uncured Event of Default (as defined in
Paragraph 27) by Lessee under the Lease of the 328 Premises or the Lease of the 330 Premises; (2) in the case of an assignment or subletting to a Permitted Affiliate, Lessee shall remain liable to Lessor hereunder to the extent Lessee survives
the transaction; (3) if as a result of a merger, consolidation, or reorganization Lessee is not a surviving entity, the transferee or successor entity to Lessee shall have on the effective date of such transaction a net worth as shown on its
current balance sheet certified by an officer of the assignee or sublessee (hereinafter “transferee”) or successor entity at least equal to that of Lessee immediately prior to the effective date of the assignment or sublease, or, if less,
financial resources sufficient, in Lessor’s reasonable good faith judgment, to perform the obligations under the assignment or sublease, as applicable; and (4) the transferee or successor entity shall expressly assume in writing, in form
reasonably acceptable to Lessor, Lessee’s obligations hereunder accruing from and after the effective date of such assignment or subletting. 

(h) The sale or transfer of Lessee’s capital stock in a public offering pursuant to an effective registration statement filed by Lessee
with the Securities and Exchange Commission or otherwise in connection with any other bona fide financing transaction shall not be deemed an assignment, subletting, or other transfer of this Lease or the Premises affected, provided, that in the
event of the sale, transfer or issuance of Lessee’s securities in connection with a merger, consolidation, or reorganization in which Lessee is not a surviving entity, the conditions set forth in Paragraph 22(g)(1), (3), and (4) shall
apply. 

  
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 (i) Subject to the provisions of this Paragraph 22 any assignment or sublease without
Lessor’s prior written consent (where such consent is required hereunder) shall at Lessor’s election be void. The consent by Lessor to any assignment or sublease shall not constitute a waiver of the provisions of this Paragraph 22,
including the requirement of Lessor’s prior written consent with respect to any subsequent assignment or sublease. If Lessee shall purport to assign this Lease, or sublease all or any portion of the 328 Premises or the 330 Premises, or both,
without Lessor’s prior written consent (if such consent is required hereunder), Lessor may collect rent from the persons or entity then or thereafter occupying the 328 Premises or the 330 Premises or both, and apply the net amount collected to
the rent reserved herein, but no such collection shall be deemed a waiver of Lessor’s rights and remedies under this Paragraph 22, or the acceptance of any such purported assignee, sublessee, or occupant, or a release of Lessee from the further
performance by Lessee of covenants on the part of Lessee contained herein. 
 (j) Lessee shall not hypothecate or encumber its interest under
this Lease or any rights of Lessee hereunder, or enter into any license or concession agreement respecting all or any portion of the 328 Premises or the 330 Premises, or both, without Lessor’s prior written consent which shall not be
unreasonably withheld, subject to all of the provisions of this Paragraph 22. 
 (k) In the event of any sale or exchange of the Property by
Lessor and assignment of this Lease by Lessor, upon Lessor providing Lessee with written confirmation that Lessor has transferred any security deposit held by Lessor to Lessor’s successor in interest, and upon the assumption by the transferee
of all of Lessor’s obligations hereunder accruing from and after the effective date of such assignment, Lessor shall be and hereby is entirely relieved of all liability under any and all of Lessor’s covenants and obligations contained in
or derived from this Lease with respect to the period commencing with the consummation of the sale or exchange and assignment. 
 (l) The
parties acknowledge that Lessor has the remedy described in California Civil Code Section 1951.4 (Lessor may continue the Lease in effect after Lessee’s breach and abandonment and recover rent as it becomes due, if Lessee has right to
sublet or assign, subject only to reasonable limitations). 
 23. Non-Waiver.

(a) No waiver of any provision of this Lease shall be implied by any failure of Lessor to enforce any remedy for the violation of that
provision, even if that violation continues or is repeated. Any waiver by Lessor or Lessee of any provision of this Lease must be in writing. 

(b) No receipt of Lessor of a lesser payment than the rent required under this Lease shall be considered to be other than on account of the
earliest rent due, and no endorsement or statement on any check or letter accompanying a payment or check shall be considered an accord and satisfaction. Lessor may accept checks or payments without prejudice to Lessor’s right to recover all
amounts due and pursue all other remedies provided for in this Lease. 

  
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 Lessor’s receipt of money from Lessee after giving notice to Lessee terminating this Lease
shall not reinstate, continue, or extend the Lease term or affect the termination notice given by Lessor before the receipt of the money. After serving notice terminating this Lease, filing an action, or obtaining final judgment for possession of
the 328 Premises and/or the 330 Premises, Lessor may receive and collect any rent, and the payment of that rent shall not waive or affect such prior notice, action, or judgment. 

24. Holding Over. Lessee shall vacate the 328 Premises and the 330 Premises and deliver the same to Lessor in the condition
required by this Lease upon the expiration or sooner termination of the Lease of the 328 Premises or the Lease of the 330 Premises, or both. In the event of holding over by Lessee after the expiration or termination of this Lease with respect to the
328 Premises or the 330 Premises, or both, without Lessor’s written consent, such holding over shall be on a month-to-month tenancy and all of the terms and provisions of this Lease shall be applicable during such period, including, but not
limited to, the payment by Lessee of the Additional Rent, except that Lessee shall pay Lessor as Monthly Base Rent during such holdover an amount equal to one hundred fifty percent (150%) of the Monthly Base Rent in effect at the expiration of
the term for the Premises to which the holdover applies in addition to Operating Expenses and Taxes that accrue with respect to such premises during the holdover. If such holdover is without Lessor’s written consent, Lessee shall also be liable
to Lessor for all costs, expenses, and consequential damages incurred by Lessor as a result of such holdover. The rental payable during such holdover period shall be payable to Lessor on demand. 

25. Damage or Destruction.

(a) In the event of a total destruction of the 328 Building or the 330 Building, and related improvements during the term of the Lease of the
328 Premises or the term of the Lease of the 330 Premises from any cause, either party may elect to terminate the Lease of the Building destroyed effective as of the date of the casualty by giving written notice of termination to the other party
within thirty (30) days after the casualty occurs. A total destruction shall be deemed to have occurred for this purpose if either the 328 Building or the 330 Building, or both, and related improvements are destroyed to the extent of sixty-five
percent (65%) or more of the replacement cost thereof. If this Lease is not terminated with respect to either or both of the 328 Building or the 330 Building, Lessor shall repair and restore the 328 Building and/or the 330 Building, or both, as
applicable, and improvements in a diligent manner and this Lease shall continue in full force and effect with respect thereto, except that Monthly Base Rent and Additional Rent payable with respect to the affected premises shall be abated in
accordance with Paragraph 25(f) below. 
 (b) Subject to Paragraph 25(d), in the event of a partial destruction of the 328 Building or the
330 Building and related improvements to an extent less than sixty-five percent (65%) of the replacement cost thereof and if the damage thereto can be repaired, reconstructed, or restored within a period of two hundred forty (240) days
from the date of such casualty, and if the casualty is from a cause which is insured (or required to be insured) under Lessor’s “all risk” property insurance, or is insured under any other coverage then carried by Lessor, Lessor
receives such insurance proceeds, and such proceeds are sufficient to repair, reconstruct and restore the affected premises and improvements, Lessor shall forthwith repair the same, and this Lease shall continue in full force and effect, except that
Monthly Base Rent and Additional Rent shall be abated in accordance with Paragraph 25(f) below. If any of the foregoing conditions is not met, Lessor shall 

  
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have the option of either repairing and restoring the affected premises and improvements, or terminating this Lease with respect to the affected premises effective as of the date of the casualty
by giving written notice of termination to Lessee within thirty (30) days after the casualty, subject to the provisions of Paragraph 25(c). Notwithstanding anything to the contrary contained in this Paragraph 25, except as set forth in
Paragraph 25(d), Lessor shall not have the right to terminate this Lease if the cost to repair the damage to the affected premises or improvements would be less than five percent (5%) of the replacement cost thereof, regardless of whether or
not the casualty is insured. Notwithstanding anything to the contrary contained in this Paragraph 25, if the cost to repair the damage to the affected premises and improvements exceeds five percent (5%) of the replacement cost thereof, and
Lessor elects to terminate this Lease, Lessee may nullify the effect of such termination by giving Lessor written notice within ten (10) days after receipt by Lessee of Lessor’s notice of termination that Lessee elects to repair the damage
to the affected premises and improvements at Lessee’s sole cost (to the extent the costs exceed the proceeds received by Lessor from Lessor’s property insurance), in which event this Lease shall remain in effect with respect to the
affected premises, provided that rent abatement shall not extend beyond the date that the restoration is substantially completed. 
 (c) In
the event of a partial destruction of the 328 Building or the 330 Building and improvements to an extent equal to or exceeding twenty-five percent (25%), but less than sixty-five percent (65%) of the replacement cost thereof, or in the event
the damage thereto cannot be repaired, reconstructed, or restored within a period of one hundred eighty (180) days after the date of such casualty, Lessee may terminate this Lease with respect to the affected premises and improvements by giving
written notice of termination to Lessor within thirty (30) days after the casualty. The foregoing shall not affect Lessor’s termination rights under subparagraph (b) above. 

Furthermore, if such casualty is from a cause which is not insured under Lessor’s “all risk” property insurance, or is not
required by this Lease to be insured under any other insurance carried by Lessor or required hereunder to be carried by Lessor, Lessor may elect to repair and restore the affected premises and improvements (provided that Lessee has not elected to
terminate this Lease pursuant to the first sentence of this Paragraph 25(c)), or Lessor may terminate this Lease effective as of the date of the casualty by giving written notice of termination to Lessee, subject to the limitations of Paragraph
25(b). Lessor’s election to repair and restore the affected premises and improvements or to terminate this Lease, shall be made and written notice thereof shall be given to Lessee within forty-five (45) days after the casualty.
Notwithstanding the foregoing, (1) if Lessor has not obtained all necessary governmental permits for the restoration and commenced construction of the restoration within one hundred twenty (120) days after the casualty, Lessee may
terminate this Lease with respect to the affected premises by written notice to Lessor given at any time prior to the actual commencement of construction of the restoration; or (2) if Lessor elects to repair and restore the affected premises
and improvements under subparagraph (b) or (c) above, but the repairs and restoration are not substantially completed within one hundred eighty (180) days after the casualty plus the period of any delays in the completion of the
repairs and restoration caused by strikes, labor disputes, unavailability of materials, inclement weather, or acts of God (“force majeure delays”), Lessee may terminate this Lease by written notice to Lessor given within thirty
(30) days after the expiration of said period of one hundred eighty (180) days after the casualty (plus the period of any force majeure delays, but not by more than thirty (30) additional days), provided that the work of repairs and
restoration has not been commenced prior to the receipt of such notice by Lessor. 

  
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 (d) Notwithstanding anything to the contrary contained in this Paragraph 25, if at any time
during the last twelve (12) months of the term of this Lease of the 328 Premises or the 330 Premises there is damage to the 328 Building, or the 330 Building or both, and improvements for which the cost to repair exceeds five percent
(5%) of the replacement cost of the 328 Building, the 330 Building, or both, and improvements, whether or not an insured loss, Lessor may, at Lessor’s option, terminate this Lease effective sixty (60) days following the date of
occurrence of such damage by giving written notice to Lessee of Lessor’s election to do so within thirty (30) days after the date of such damage; provided, however, that Lessee may nullify such termination by exercising its option to
extend with respect to the premises affected prior to the expiration of the option exercise period if an option to extend is in effect with respect to the premises affected on the date Lessee receives such notice of termination. 

(e) If the Lease of the 328 Premises or the Lease of the 330 Premises is not terminated by Lessor or Lessee pursuant to the foregoing
provisions, Lessor shall complete the repairs in a diligent manner and this Lease shall continue in full force and effect, except that Monthly Base Rent and Additional Rent shall be abated in accordance with Paragraph 25(f) below. 

(f) In the event of repair, reconstruction, or restoration as provided herein, the Monthly Base Rent and Additional Rent shall be abated
proportionally in the ratio which the Lessee’s use of the affected premises is impaired during the period of such repair, reconstruction, or restoration, from the date of the casualty until such repair, reconstruction or restoration is
completed. 
 (g) With respect to any destruction of the 328 Building or the 330 Building and improvements which Lessor is obligated to
repair, or may elect to repair, under the terms of this Paragraph 25, the provisions of Section 1932, Subdivision 2, and of Section 1933, Subdivision 4, of the Civil Code of the State of California are waived by the parties. Lessor’s
time for completion of the repairs and restoration of the Building and improvements referred to above shall be extended by a period equal to any delays caused by strikes, labor disputes, unavailability of materials, inclement weather, or acts of
God, but not by more than thirty (30) days. 
 (h) In the event of termination of this Lease with respect to the 328 Premises or the 330
Premises or both pursuant to any of the provisions of this Paragraph 25, the Monthly Base Rent and Additional Rent shall be apportioned on a per diem basis and shall be paid to the date of the casualty. In no event shall Lessor be liable to Lessee
for any damages resulting to Lessee from the occurrence of such casualty, or from the repairing or restoration of the 328 Premises or the 330 Premises and improvements, or from the termination of this Lease as provided herein, nor shall Lessee be
relieved thereby from any of Lessee’s obligations hereunder, except to the extent and upon the conditions expressly set forth in this Paragraph 25, and except in the event of termination of this Lease by either party in which case Lessee shall
be relieved of its obligations under this Lease that accrue from and after the date of such termination, except for obligations which survive the expiration or termination of this Lease by the express provisions hereof. 

(i) In the event of any termination of this Lease as to the 330 Premises pursuant to this Paragraph 25, Lessee shall also have the right to
terminate this Lease as to the 328 Premises regardless of whether or not the 328 Premises have been damaged. 

  
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 26. Eminent Domain.

(a) If the whole or any substantial part of the Property is taken or condemned by any competent public authority for any public use or purpose,
the term of this Lease shall end upon the earlier to occur of the date when the possession of the part so taken shall be required for such use or purpose or the vesting of title in such public authority. Rent shall be apportioned as of the date of
such termination. Lessee shall be entitled to receive any damages separately awarded by the court for (1) leasehold improvements installed at Lessee’s expense, if any, or other property owned by Lessee, and (2) reasonable costs of
moving by Lessee to another location in Santa Clara County, California. The entire balance of the award shall be the property of Lessor. 

(b) If there is a partial taking of the Property by eminent domain which is not a substantial part of the Property and the balance of the
Property remains reasonably suitable for continued use and occupancy by Lessee for the purposes referred to in Paragraph 13, Lessor shall complete any necessary repairs in a diligent manner and this Lease shall remain in full force and effect with a
just and proportionate abatement of the Monthly Base Rent and Additional Rent, based on the extent to which Lessee’s use of the Property is impaired thereafter. If after a partial taking, the Property is not reasonably suitable for
Lessee’s continued use and occupancy for the uses permitted herein, Lessee may terminate the Lease of the 328 Premises or the 330 Premises, whichever is adversely affected, or both if both are adversely affected, on the earlier of the date
title vests in the public authority or the date possession is taken. Subject to the provisions of Paragraph 26(a), the entire award for such taking shall be the property of Lessor. 

27. Remedies. If any payment of Base Rent, Additional Rent, or any other sum due from Lessee under this Lease is not received by
Lessor within five (5) days after receipt by Lessee of written notice from Lessor stating that the same is past-due; or if Lessee breaches any other term of this Lease for thirty (30) days or more after receipt by Lessee of written notice
from Lessor (unless such default is reasonably incapable of cure within thirty (30) days and Lessee commences cure within thirty (30) days and diligently prosecutes the cure to completion within a reasonable time); or if Lessee breaches
any provision of this Lease and such breach is not curable; or if Lessee’s interest herein, or any part thereof, is assigned or transferred, either voluntarily or by operation of law (except as expressly permitted by other provisions of this
Lease); or if Lessee makes a general assignment for the benefit of its creditors; or if this Lease is rejected (1) by a bankruptcy trustee for Lessee, (2) by Lessee as debtor in possession, or (3) by failure of Lessee as a bankrupt
debtor to act timely in assuming or rejecting this Lease; then any of such events shall constitute an event of default and breach of this Lease by Lessee. Any such rejection of this Lease shall not cause an automatic termination of this Lease.
Whenever in this Lease reference is made to a default by Lessee, such reference shall refer to an event of default after any notice and expiration of the cure period provided for in this Paragraph 27, or elsewhere in this Lease (an “Event of
Default”). An Event of Default by Lessee with respect to the 328 Premises or the 330 Premises shall constitute an Event of Default with respect to the entire Property for purposes of this Paragraph 27. Upon an Event of Default by Lessee Lessor
may, at its option, elect the remedies specified in subparagraph (a) or (b) below: 
 (a) Lessor may repossess the Property and
remove all persons and property therefrom. If Lessor repossesses the Property because of an Event of Default by Lessee, this Lease shall terminate with respect to the entire Property and Lessor may recover from Lessee: 

  
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 (1) the worth at the time of award of the unpaid rent which had been earned at the time of
termination including interest thereon at a rate equal to ten percent (10%) per annum, from the time of termination until paid; 
 (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 rental loss that Lessee proves could have been reasonably avoided, including
interest thereon at the rate of ten percent (10%) per annum, from the time of termination until paid; 
 (3) the worth at the time of
award of the amount by which the unpaid rent for the balance of the term after the time of award exceeds the amount of such rental loss for the same period that Lessee proves could be reasonably avoided, discounted at the discount rate of the
Federal Reserve Bank of San Francisco at the time of award plus one percent (1%); and 
 (4) any other amount necessary to compensate Lessor
for all the detriment proximately caused by Lessee’s breach or by Lessee’s failure to perform its obligations under this Lease or which in the ordinary course of things would be likely to result therefrom. 

(b) If Lessor does not repossess the Property, then this Lease shall continue in effect for so long as Lessor does not terminate Lessee’s
right to possession and Lessor may enforce all of its rights and remedies under this Lease, including the right to recover the rent and other sums due from Lessee hereunder. For the purposes of this Paragraph 27, the following do not constitute a
repossession of the Property by Lessor or a termination of the Lease by Lessor: 
 (1) Acts of maintenance or preservation by Lessor or
efforts by Lessor to relet the Property; or 
 (2) The appointment of a receiver by Lessor to protect Lessor’s interests under this
Lease. 
 28. Lessee’s Personal Property. If any personal property of Lessee remains on the Property after (1) Lessor
terminates this Lease pursuant to Paragraph 27 above following an Event of Default by Lessee, or (2) after the expiration of the Lease term or after the termination of this Lease pursuant to any other provisions hereof, Lessor shall give
written notice thereof to Lessee pursuant to applicable law. Lessor shall thereafter release, store, and dispose of any such personal property of Lessee in accordance with the provisions of applicable law. 

29. Notices.
 (a) All
notices, statements, demands, requests, or consents given hereunder by either party to the other shall be in writing and shall be personally delivered, or shall be sent by a recognized overnight delivery service, or shall be sent by Unites States
mail, first class, or registered or certified, return receipt requested, postage prepaid, and addressed to the parties as follows: 
  

	 	Lessor:	Batton Associates, LLC 

 1000 C Commercial Street 

San Carlos, California 94070 

Attention: Harold Balzer 

  
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	 	Lessee:	Aerohive Networks Incorporated 

 330 Gibraltar Drive 

Sunnyvale, California 94089 

Attention: George Frie 
 Either party may change
its address for notice by giving written notice to the other party of the new address for notice in accordance with subparagraph (b) below. 

(b) When personally delivered to the recipient, notice shall be effective on delivery; when mailed first class to the last address known to the
party giving notice, notice shall be effective on delivery; when mailed by certified mail with return receipt requested, notice shall be effective on receipt if delivery is confirmed by a return receipt; when delivered by recognized overnight
delivery service with charges prepaid or charged to sender’s account, notice is effective on delivery if delivery is confirmed by the delivery service. 

30. Estoppel Certificates. Lessee and Lessor shall within fifteen (15) days following request by the other party (the
“Requesting Party”), execute and deliver to the Requesting Party an Estoppel Certificate (1) certifying that this Lease has not been modified and certifying that this Lease is in full force and effect, or, if modified, stating the
nature of such modification and certifying that this Lease, as so modified, is in full force and effect; (2) stating the date to which the rent and other charges are paid in advance, if at all; (3) stating the amount of any security
deposit held by Lessor; (4) acknowledging that there are not, to the responding party’s knowledge, any uncured defaults on the part of the Requesting Party hereunder, or if there are uncured material defaults on the part of the Requesting
Party following the expiration of all applicable notice and cure periods, stating the nature of such uncured material defaults; and (5) any other provisions reasonably requested by the Requesting Party. 

31. Parking.
 (a) Lessee
shall have the right during the term of this Lease of both the 328 Premises and the 330 Premises to the use of all of the on-site vehicular parking spaces on the Property at no additional cost to Lessee, except for the payment by Lessee of the
Operating Expenses and Taxes relating to the Property. Lessor shall provide Lessee with four (4) visitor parking spaces adjacent to the entrance to Building 328. 

(b) If at any time during the term of this Lease Lessee is leasing less than the total rentable square feet of the Property Lessee shall have
the non-exclusive right to use Lessee’s proportionate share of the on-site vehicular parking spaces in the parking area of the Property on an unreserved basis at no additional cost to Lessee based on the number of rentable square feet leased by
Lessee. 
 32. Signage. Lessee shall have the right to have Lessee’s sign identifying Lessee’s name and/or logo on the
monument sign for the Property (which shall be exclusive to Lessee so long as both the Lease of the 330 Premises and the Lease of the 328 Premises are in full force and effect), on the exterior of the 328 Building, on the exterior of the 330
Building, in the lobby of the 328 Building, and in the lobby of the 330 Building, subject to Lessor’s approval of the size, design and locations of such signage, which approval shall not be unreasonably withheld, and subject to Lessee

  
 -37- 

 
obtaining at Lessee’s expense necessary City of Sunnyvale approvals and complying with applicable City of Sunnyvale ordinances and regulations with respect to such signage. So long as Lessee
is leasing the entire 328 Building and the entire 330 Building and there are no sublessees in the 328 Building or the 330 Building Lessee shall have the exclusive use of the monument sign for the Property. Lessee shall not place any other signs on
or about the exterior of the 328 Building, the 330 Building, or areas of the Property outside of the Buildings without Lessor’s prior written consent, which consent shall not be unreasonably withheld, subject to compliance of such signs with
applicable laws, ordinances, and regulations. All of Lessee’s signage referred to in this Paragraph 32 shall be erected and installed at Lessee’s expense. Lessee shall promptly remove at Lessee’s expense all of such signage applicable
to the 328 Premises and the 330 Premises upon the expiration or sooner termination of this Lease. 
 33. Real Estate Brokers.

(a) Subject to the execution and delivery of this Lease by the parties, the payment by Lessee to Lessor of the Monthly Base Rent for the 328
Premises for March 2011 and the payment by Lessee to Lessor of the Security Deposit for the 328 Premises as provided in Paragraph 12, Lessor shall pay to Cassidy Turley CPS (“CPS), who is acting solely as the agent for Lessor in this
transaction, a leasing commission with respect to this Lease pursuant to a separate agreement between Lessor and CPS. 
 (b) Lessor shall
also pay to Colliers a leasing commission equal to six percent (6%) of the total Monthly Base Rent payable by Lessee to Lessor during the term of the initial option to extend the term of the Lease of the 330 Premises, if the initial option to
extend the term of the 330 Premises is timely exercised by Lessee. Said commission shall be payable upon the commencement date of the term of the initial option to extend the Lease of the 330 Premises, or upon submission of an invoice therefore by
Colliers, whichever is later. 
 (c) Lessor and Lessee each represents to the other that it has not had any dealings with any real estate
broker, agent, finder, or other person with respect to this Lease other than the aforementioned brokers, and each party shall indemnify, defend, and hold harmless the other party from all damages, expenses, and liabilities resulting from any claims
that may be asserted against the other party by any broker, agent, finder, or other person with whom the indemnifying party has or purportedly has dealt, other than the aforementioned brokers. 

34. Subordination; Attornment.

(a) This Lease, without any further instrument, shall at all times be subject and subordinate to any and all mortgages and deeds of trust which
may now or hereafter affect Lessor’s estate in the Property, and to all advances made or hereafter to be made upon the security thereof, and to all renewals, modifications, consolidations, replacements and extensions thereof. Lessor shall
provide Lessee with commercially reasonable non-disturbance agreement(s) in favor of Lessee from any existing or future mortgagee(s) (“Lender”) of Lessor, and, the subordination of this Lease to future mortgages and deeds of trust shall be
conditioned on Lessee’s receipt of such a non-disturbance agreement. Such commercially reasonable non-disturbance agreement shall provide that so long as Lessee is not in default hereunder beyond any applicable notice and cure period that upon
acquiring title to the Property by foreclosure or otherwise (1) this Lease shall not be terminated, and 

  
 -38- 

 
(2) such holder or other person or persons purchasing or otherwise acquiring the Property by foreclosure or otherwise shall recognize all of Lessee’s rights hereunder which accrue thereafter
and shall be bound by the terms of this Lease, provided that such person or persons purchasing or acquiring the Property shall not be obligated to cure any defaults by Lessor existing at the time of such purchase or acquisition (other than
Lessor’s obligation to construct the initial Lessor Tenant Improvement Work in the 328 Premises referred to in Paragraph 18(a)), and shall not disturb Lessee’s right to quiet enjoyment of the 328 Premises or the 330 Premises under the
terms of this Lease, on the condition that Lessee agrees in writing to attorn to such holder or purchaser upon such holder or purchaser acquiring title to the Property. Said subordination non-disturbance and attornment agreement shall be in
recordable form and shall be recorded at the election and expense of Lessee, Lessor, or the person or persons purchasing or otherwise acquiring title to the Property. 

(b) In confirmation of such subordination, Lessee shall promptly execute and deliver to Lessor without expense to Lessor any agreement or other
instrument which is in commercially reasonable form and which Lessor deems proper to evidence such subordination; provided, however, that if any person or persons purchasing or otherwise acquiring the Property by any sale, sales and/or other
proceedings under such mortgages and/or deeds of trust, shall elect to continue this Lease in full force and effect (to the extent this Lease is then in effect) in the same manner and with like effect as if such person or persons had been named as
Lessor herein, then this Lease shall continue in full force and effect as aforesaid, and Lessee hereby attorns and agrees upon request to attorn to such person or persons and to recognize such person or persons as the Lessor hereunder. 

35. Breach by Lessor.
 (a)
Lessor shall not be deemed in breach of this Lease unless Lessor fails within a reasonable time to perform an obligation required to be performed by Lessor pursuant to this Lease. For purposes of this Paragraph 35, a reasonable time shall in no
event be less than thirty (30) days after receipt by Lessor, and by the holder of any mortgage or deed of trust covering the Property whose name and address have been furnished to Lessee in writing for such purpose, of written notice specifying
wherein such obligation of Lessor has not been performed; provided, however, that if the nature of Lessor’s obligation is such that more than thirty (30) days after such notice are reasonably required for its performance, then Lessor shall
not be in breach of this Lease if performance is commenced within said period of thirty (30) days and thereafter is diligently pursued to completion. 

(b) In the event of a breach of this Lease by Lessor, Lessee’s sole remedy shall be to institute an action against Lessor for damages or
for injunctive or equitable relief, but Lessee shall not have the right to rent abatement, to offset against rent, or to terminate this Lease. Lessee expressly waives the defense of constructive eviction. 

36. Lessor’s Entry. Except in the case of an emergency and except for permitted entry during Lessee’s normal working
hours for regularly scheduled maintenance, Lessor and Lessor’s agents shall provide Lessee with at least twenty-four (24) hours’ notice prior to entry of the 328 Premises or the 330 Premises by Lessor or Lessor’s agents. Such
entry shall not interfere with Lessee’s operations more than reasonably necessary. If required by Lessee, Lessor and Lessor’s agents shall at all times be accompanied by a representative of Lessee during any such entry except in case of
emergency. Lessor may enter the 328 Premises and/or the 330 Premises without prior notice to Lessee if Lessee has vacated such premises. 

  
 -39- 

 37. Attorneys’ Fees. If any action at law or in equity shall be brought to
recover any rent under this Lease, or for or on account of any default by Lessor or Lessee, or to enforce or interpret any of the provisions of this Lease or for recovery of the possession of the Property, the prevailing party shall be entitled to
recover from the other party costs of suit and reasonable attorneys’ fees, the amount of which shall be fixed by the court and shall be made a part of any judgment rendered. 

38. Quiet Possession. So long as no Event of Default by Lessee exists under this Lease, Lessee shall have quiet enjoyment and
possession of the 328 Premises and the 330 Premises for the entire term thereof, subject to all of the provisions of this Lease. 
 39.
Force Majeure. Subject to Paragraph 25(c), neither Lessor nor Lessee shall be in default in the performance of any obligation under this Lease (other than any monetary obligation) to the extent such party is unable to perform any of its
obligations on account of any prevention, delay, stoppage due to strikes, lockouts, inclement weather, labor disputes, inability to obtain labor materials, fuel, energy or reasonable substitutes therefor, governmental restrictions, regulations,
controls, actions or inaction (including, but not limited to, any action or inaction with respect to the issuance of any permit or approval, or the conduct of any inspection, for the Tenant Improvement Work), civil commotion, fire or other acts of
God, acts of war, terrorism, bioterrorism, national emergency, or any other cause of any kind beyond the reasonable control of such party (except financial inability) (collectively “Force Majeure”). 

40. General Provisions.

(a) Nothing contained in this Lease shall be deemed or construed by the parties hereto or by any third person to create the relationship of
principal and agent, or of partnership or of joint venture, or of any association between Lessor and Lessee, and neither the method of computation of rent nor any other provisions contained in this Lease, nor any acts of the parties hereto, shall be
deemed to create any relationship between Lessor and Lessee other than the relationship of landlord and tenant. 
 (b) Each and all of the
provisions of this Lease shall be binding upon and inure to the benefit of the parties hereto, and except as otherwise specifically provided elsewhere in this Lease, their respective heirs, executors, administrators, successors, and assigns, subject
at all times, nevertheless, to all agreements and restrictions contained elsewhere in this Lease with respect to the assignment, transfer, encumbering, or subletting of all or any part of Lessee’s interest in this Lease or the Property. 

(c) The captions of the paragraphs of this Lease are for convenience only and shall not be considered or referred to in resolving questions of
interpretation or construction. 
 (d) This Lease is and shall be considered to be the only agreement between the parties hereto and their
representatives and agents. All prior letters of interest, negotiations, and oral agreements between the parties have been merged into and are included herein. There are no other representations or warranties between the parties and all reliance
with respect to representations is solely upon the representations and agreements contained in this instrument. 

  
 -40- 

 (e) The laws of the State of California shall govern the validity, performance, and enforcement
of this Lease. The parties agree that any action for enforcement of this Lease or any other dispute arising hereunder shall be filed exclusively in courts sitting in Santa Clara County, California, and each party to this Lease hereby consents and
waives any objection to the jurisdiction and venue of such courts. Notwithstanding which of the parties may be deemed to have prepared this Lease, this Lease shall not be interpreted either for or against Lessor or Lessee, but this Lease shall be
interpreted in accordance with the general tenor of the language in an effort to reach an equitable result. 
 (f) Time is of the essence
with respect to the performance of each of the covenants and agreements contained in this Lease. 
 (g) The obligations of Lessor under this
Lease shall not constitute personal obligations of Lessor, the managing member of Lessor, or any other member of Lessor, or any of the officers, directors, or shareholders of the managing member of Lessor, and Lessee shall look solely to the
Property, and to no other assets of Lessor, for the satisfaction of any liability of Lessor with respect to this Lease, and Lessee shall not seek recourse against the managing member or any other member of Lessor, or the individual officers,
directors, or shareholders of the managing member of Lessor, or any of their personal assets for such satisfaction. 
 (h) Any provision of
this Lease which is found to be invalid, void or illegal by a court of competent jurisdiction, shall in no way affect, impair, or invalidate any other provisions hereof, and the remaining provisions hereof shall nevertheless remain in full force and
effect. 
 (i) This Lease may be amended only by an instrument in writing and signed by the parties in interest at the time of such
amendment. 
 (j) Each party represents to the other that the person or persons signing this Lease on its behalf is or are properly
authorized to do so. Upon the request of either party, evidence of the written authority of such person or persons to sign on behalf of the other party shall be provided to the requesting party hereto either prior to or simultaneously with the
return to the requesting party of a fully executed copy of this Lease. 
 (k) No binding agreement between the parties with respect to the
328 Premises or the 330 Premises shall arise or become effective hereunder until this Lease has been duly executed by both Lessee and Lessor and a fully executed copy of this Lease has been delivered to both Lessee and Lessor. This Lease may be
executed in one or more counterparts, each of which shall be an original, but all of which, taken together, shall constitute one and the same instrument. 

(l) Lessor and Lessee acknowledge that the terms and conditions of this Lease constitute confidential information of Lessor and Lessee. Neither
party shall disseminate orally or in written form a copy of this Lease, lease proposals, lease drafts, or other documentation containing the terms, details or conditions contained herein to any third party without obtaining the prior written consent
of the other party, except to the attorneys, accountants, lenders, investors, potential 

  
 -41- 

 
investors, potential business or merger partners, potential subtenants and assignees or other authorized business representatives or agents of the parties, or to the extent required to comply
with Applicable Laws. A violation of this Paragraph 40(l) shall not permit either party to terminate this Lease. 
 (m) Subject to the
provisions of Paragraph 35, the rights and remedies that either party may have under this Lease or at law or in equity, upon any breach, are distinct, separate and cumulative and shall not be deemed inconsistent with each other, and no one of them
shall be deemed to be exclusive of any other. 
 (n) Except as provided in Paragraph 24, Lessor and Lessee waive any claim for consequential
damages which one may have against the other for breach of or failure to perform or observe the requirements and obligations created by this Lease. 

(o) This Lease shall not be recorded by either party without the prior written consent of the other party, which consent the other party may
withhold in its sole discretion. 
  

  
 -42- 

 IN WITNESS WHEREOF, the Lessor and Lessee have duly executed this Lease as of the date first set
forth herein. 
  

			
	
	“Lessor”
	
	 BATTON ASSOCIATES, LLC,
 a
California limited liability company

		
	By:	 	W.F. BATTON MANAGEMENT COMPANY,
		 	a California corporation
		 	Its Managing Member
		
	By:	 	 /s/ Harold Balzer

		 	Harold Balzer, President
	
	“Lessee”
	
	 AEROHIVE NETWORKS INCORPORATED,
 a
Delaware corporation

		
	By:	 	 /s/ George Frie

	Name:	 	George Frie
	Title:	 	CFO

 LEGAL DESCRIPTION 

REAL PROPERTY IN THE CITY OF SUNNYVALE, COUNTY OF SANTA CLARA, STATE OF CALIFORNIA, DESCRIBED AS FOLLOWS: 

All of Parcel 4, as said Parcel is shown upon that certain map entitled, “Parcel Map being a Resubdivision of Parcel 2 as shown upon that certain Parcel
Map recorded in Book 400 of Maps at page 41...”, which Map was filed for record on October 19, 1977 in Book 405 of Maps at page 49. 
 More
particularly described as follows: 
 Commencing at a found standard City of Sunnyvale street monument on the centerline of Gibraltar Drive, which said
monument bears north 75° 08’ 55” west 365.45 feet from the monument in the intersection of Gibraltar Drive and Innsbruck Drive, thence north 75° 08’ 55” west 74.77 feet; thence south 14° 51’ 05” west 33.00
feet to the point of beginning, also being the south right-of-way line of Gibraltar Drive; thence along said right-of-way line south 75° 08’ 55” east 372.00 feet; thence along the arc of a tangent curve to the right, concave to the
southwest an arc distance of 54.98 feet, having a radius of 35.00 feet, and a central angle of 90°; thence along the westerly right-of-way line of Innsbruck Drive south 14° 51’ 05” west 306.28 feet to a point on the westerly
right-of-way line of Innsbruck Drive; thence leaving said line north 75° 08’ 55” west 265.00 feet; thence north 14° 51’ 05” east 112.00 feet; thence north 75° 08’ 55” west 142.00 feet; thence north 14°
51’ 05” east 229.28 feet to the point of beginning. 
 APN: 110-34-001 

 

  
 EXHIBIT “A”

 330 GIBRALTAR BUILDING PLAN 

 
 

 

  
 EXHIBIT
“B-1” 

 LESSOR’S TENANT IMPROVEMENT WORK – 330 GIBRALTAR BUILDING 

Lessor shall cause the following Tenant Improvement Work to be performed in the 330 Gibraltar Building pursuant to Paragraph 14 of the Lease:

 1. Touch up paint in all areas where the entire Premises looks like it has been repainted, with same colors as existing. Training room and
restrooms shall be repainted. 
 2. Shampoo carpet for the entire 330 Premises. There are two/three areas that potentially need new carpet or
VCT flooring: (2a) by IT room to break room. (2b) by small offices, (2c) front lobby — woven carpet). Areas that are lifting in training area to be looked at. 

3. Flooring and countertops in restrooms shall be replaced. Insure fans are in good working order in the shower area both bathrooms. 

4. Install four (4) new private offices at areas to be agreed to by Lessor and Lessee; sizes of offices shall be approximately 10’ x
12’; similar to existing offices in the 330 Premises with the same soffet look and all glass. 
 5. Remove walls. Reposition doors at
conference room area off of main lobby (windows to match existing). 
 6. Liebert “Crac” unit in lab area can stay, set temperature
at high since it will probably not be used. 
 7. Install grade level door needed in the ceiling area. 

8. (a) Remove drop ceiling in warehouse and back lab area; (b) also remove counters in shipping/rec. area; and (c) remove all
tile flooring in this area except for the caged area. 
 9. Replace sink, flooring, countertops. Cabinetry to be cleaned and pulls installed
correctly in demo/break room. Countertop on west wall to be removed. Repaint whole room. 
 10. Repaint or clean all HVAC returns in the 330
Premises, including in the break room. 
 11. Lessor shall replace screen and replace or clean all ceiling tiles, as needed. 

12. Lessor shall remove splash guard and paint wall. 

13. Ceiling returns to be discussed in lab area. 

14. Lessor shall remove excess furniture and cubicle systems and other items not needed by Lessee. 

 

  
 EXHIBIT
“B-2” 

 AMENDED COMMENCEMENT MEMORANDUM 

Date: April 28,
2011                     
 This Amended
Commencement Memorandum is entered into with respect to the Amended and Restated Lease dated March 1, 2011 (the “Lease”) between BATTON ASSOCIATES, LLC, a California limited liability company (Lessor”), and AEROHIVE NETWORKS
INCORPORATED, a Delaware corporation (“Lessee”), of the premises located at 328 and 330 Gibraltar Drive, Sunnyvale, California 94089 (the “328 Premises” and the “330 Premises”). 

In accordance with the Lease, Lessor and Lessee confirm and agree as follows: 

1. That Lessee took possession of the 330 Premises and the 328 Premises on or prior to September 1, 2010 pursuant to the Original Lease
between the parties dated August 5, 2010 (the “Original Lease”). The term of the Original Lease of the 328 Premises expired on February 28, 2011. 

2. That Lessee hereby acknowledges that (a) the Commencement Date of the initial term of the Original Lease of the 330 Premises dated
August 5, 2010 between the parties was September 1, 2010, and the Expiration Date of the initial term of the Original Lease of the 330 Premises is November 30, 2013 unless sooner terminated, and (b) the Commencement Date of the
initial term of the Lease of the 328 Premises was March 1, 2011 and the Expiration Date of the initial term of the Lease of the 328 Premises is November 30, 2013 unless sooner terminated. 

3. (a) That in accordance with the provisions of the Original Lease of the 330 Premises, the Monthly Base Rent and Additional Rent
(Operating Expenses and Taxes) payable by Lessee with respect to the 330 Premises commenced to accrue on December 1, 2010 and (b) that in accordance with the provisions of the Amended and Restated Lease dated March 1, 2011, Monthly
Base Rent is due and payable by Lessee in monthly installments in advance on the first (1st) day of each and every month during the term of the Lease (except that Lessee has paid the Monthly Base Rent with respect to the 330 Premises through
March 31, 2011, and Lessee has paid the Monthly Base Rent with respect to the 328 Premises through April 30, 2011 upon the execution and delivery of the March 1, 2011 Lease by Lessor and Lessee). Lessee’s rent checks should be
made payable to Batton Associates, LLC and mailed to 1000 C Commercial Street, San Carlos, California 94070. 
 AGREED AND ACCEPTED

  

									
	LESSOR:	 		 	LESSEE:
	 BATTON ASSOCIATES, LLC,
 California
limited liability company
	 		 	 AEROHIVE NETWORKS INCORPORATED, a

Delaware corporation

					
	By:	 	W.F. BATTON MANAGEMENT	 		 	By:	 	 /s/ George Fry

		 	COMPANY, a California corporation	 		 	Name: George Fry
		 	Its Managing Member	 		 	Title: CFO
		 		 		 	
	By:	 	 /s/ Harold Balzer
	 		 	
		 	Harold Balzer, President	 		 		 	

  

  
 EXHIBIT
“C-1”EX-10.18

 Exhibit 10.18 

LEASE AGREEMENT 
 This
Lease Agreement (“Lease”), dated as of May 2, 2013, is made and entered into by Hanover Properties Ltd., a California limited partnership (“Landlord”), and Aerohive Networks Incorporated, a Delaware corporation
(“Tenant”). 
 1. Demise. In consideration of the rents and all other charges and payments payable by Tenant, and
for the agreements, terms and conditions to be performed by Tenant in this Lease, LANDLORD DOES HEREBY LEASE TO TENANT, AND TENANT DOES HEREBY HIRE AND TAKE FROM LANDLORD, the Premises described below (“Premises”), upon the
agreements, terms and conditions of this Lease for the Term hereinafter stated. 
 2. Premises. The Premises demised by this
Lease are approximately thirty-one thousand six hundred twenty-eight (31,628) rentable square feet of space, as shown on EXHIBIT A attached hereto, in that certain single-story building (“Building”) commonly known as
1213 Innsbruck Drive, in the City of Sunnyvale, County of Santa Clara, California, located on that certain real property consisting of approximately 2.240 acres and more particularly described on EXHIBIT B attached hereto. The Building
and the real property are referred to collectively herein as the “Property.” Tenant shall also have the exclusive right to use the Outside Areas (defined in paragraph 43 below) of the Property and parking set forth in paragraph 44
below. All measurements of area contained in this Lease are conclusively agreed to be correct and binding on the parties, even if a subsequent measurement of one of these areas determines that it is more or less than the area reflected in this
Lease. Any such subsequent determination that the area is more or less than the area shown in this Lease shall not result in a change in any of the computations of Rent or any other matters described in this Lease where area is a factor. 

3. Term. 
 (a)
Commencement Date. The term of this Lease (“Term”) shall be thirty-nine (39) months commencing on the date (“Commencement Date”) that the Tenant Improvements (defined below) are substantially completed,
and ending thirty-nine (39) months thereafter, unless such Term is sooner terminated, and subject to any options to further extend the Term as permitted herein. If Landlord cannot deliver possession of the Premises to Tenant on or before
June 1, 2013, this Lease shall not be void or voidable, nor shall Landlord, or Landlord’s Agents be liable to Tenant for any loss or damage resulting therefrom. In such event, Tenant shall not be liable for any Rent until the date which is
three (3) months from the date Landlord delivers possession of the Premises to Tenant with the Tenant Improvements substantially completed. If, however, Landlord is unable deliver possession of the Premises to Tenant with the Tenant
Improvements substantially completed by August 1, 2013, for any reason other than delays due to the fault of Tenant, then Tenant shall have the right to terminate this Lease by delivery of written notice to Landlord no later than
August 15, 2013. For purposes of this Lease, the Tenant Improvements shall be deemed “substantially completed” on the date that Landlord’s general contractor has completed the Tenant Improvements as described in EXHIBIT
D-1 subject only to the completion of minor punch-list items. 

  
 -1- 

 (b) Commencement Date Memorandum. When the actual Commencement Date is determined, the
parties shall execute a Commencement Date Memorandum in the form shown in EXHIBIT C to reflect the actual Commencement Date. 
 (c)
Tenant Delays. If the Commencement Date has not occurred on or before June 1, 2013, due to the fault of Tenant, then, beginning on June 1, 2013 and continuing on the first day of each calendar month thereafter until the Commencement
Date, Tenant shall pay to landlord the Base Rent set forth in Paragraph 4(a). Delays “due to the fault” of Tenant shall include those caused by: 

(i) Tenant’s failure to furnish information to Landlord for the preparation of plans and drawings for the Tenant Improvements in
accordance with the time periods provided in EXHIBIT D; 
 (ii) Tenant’s request for special materials, finishes or
installations which are not readily available; 
 (iii) Tenant’s failure to reasonably approve plans and working drawings in accordance
with EXHIBIT D; 
 (iv) Tenant’s changes in plans and/or working drawings after their approval by Landlord; or 

(v) Interference with Landlord’s work caused by Tenant or by Tenant’s contractors or subcontractors. 

4. Rent. 
 (a) Base
Rent. Tenant shall pay to Landlord, in advance on or before the first day of each calendar month of the Term, without further notice or demand and without offset or deduction, the monthly installments of rent specified below (“Base
Rent”): 
  

					
	 Months of Term
	  	Base Rent	 
	 1 through 3
	  	$	0.00/month	  
	 4 through 12
	  	$	59,144.00/month	  
	 13 through 24
	  	$	60,919.00/month	  
	 25 through 36
	  	$	62,746.00/month	  
	 37 through 39
	  	$	64,629.00/month	  

 Upon execution of this Lease, Tenant shall pay to Landlord the Base Rent and Additional Rent for the fourth month of the Term
and the Security Deposit hereafter set forth. 
 (b) Additional Rent. In addition to the Base Rent, Tenant shall pay to Landlord, in
accordance with this paragraph, the following cost items actually incurred (collectively “Additional Rent”). 

  
 -2- 

 (1) Taxes and Assessments. Taxes shall include all real estate taxes and assessments
applicable to the Property during the Term of this Lease (“Taxes and Assessments”). Taxes and Assessments shall mean any form of assessment, license, fee, tax, levy, penalty (if a result of Tenant’s delinquency), or tax (other
than net income, estate, succession, inheritance, transfer or franchise taxes), imposed by any authority having the direct or indirect power to tax or by any city, county, state or federal government or any improvement or other district or division
thereof, whether such tax is (i) determined by the area of the Building or the Property, or any part thereof or the Rent and other sums payable hereunder by Tenant, including, but not limited to, any gross income or excise tax levied by any of
the foregoing authorities with respect to receipt of Rent or other sums due under this Lease; (ii) upon any legal or equitable interest of Landlord in the Building or the Property, or any part thereof; (iii) upon this transaction or any
document to which Tenant is a party creating or transferring any interest in the Building or the Property; (iv) levied or assessed in lieu of, in substitution for, or in addition to, existing or additional taxes against the Building or the
Property, whether or not now customary or within the contemplation of the parties; or (v) surcharge against the parking area. 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. It is the intention of the parties that all new and increased assessments, taxes, fees, levies and charges due to Proposition 13 or any other cause are to
be included within the definition of real property taxes for purposes of this Lease. 
 (2) Insurance. All insurance premiums payable
with respect to the Property, including premiums for special form coverage for the Building (including earthquake insurance if Landlord elects to maintain such coverage), commercial general liability insurance, other insurance as Landlord deems
necessary, and any deductibles paid under policies of any such insurance (not to exceed $10,000 per occurrence for any property insurance policies). 

(3) Outside Area Expenses. “Outside Area Expenses” shall mean all costs to operate, manage, maintain, repair, replace,
supervise, insure (including provision of general liability insurance) and administer the Outside Areas, including but not limited to watering, fertilizing, landscaping, tree work, spraying, plant and tree replacement; lighting; signage; repair and
replacement of paving and sidewalks, drainage, fossil filters, and fire system post-indicator valves; pickup and disposal of trash and other debris in the Outside Areas, clean-up and sweeping; fire line and water therefore; and any parking charges
or other costs levied, assessed or imposed by, or at the direction of, or resulting from statutes or regulations, or interpretations thereof, promulgated by any governmental authority or insurer in connection with the use or occupancy of the Outside
Areas and/or the Property. Notwithstanding said provisions, if any improvement or replacement to the Outside Areas under this subparagraph has a useful life of more than five years, and costs in excess of $25,000, the cost of such improvement or
replacement shall be fully amortized on a straight-line basis over the useful life of such improvement or replacement, with interest thereon at an annual rate equal to the prime rate then quoted by the Wall Street Journal, plus one percent
(1%), and only the amortized portion of such cost and interest shall be included annually in the Outside Area Expenses due under this sub-paragraph. 

  
 -3- 

 (4) Maintenance and Repair of Building. All costs to maintain and repair the Building,
including any necessary replacements of Building components and equipment (the “Maintenance and Repair Costs”), including but not limited to the roof coverings, the floor slabs, the exterior glass and the exterior walls (including
the painting and crack sealing thereof) of the Building, all utility and plumbing systems, and fixtures and equipment located outside the Building and all costs associated with the maintenance, repair, installation, and replacement of Building alarm
systems (if any) and fire detection systems, back flow systems and testing, fire line monitoring, washing and cleaning of exterior window and wall surfaces, and any alterations or improvements to the Building to comply with laws effective after
Commencement Date, and any other costs levied, assessed or imposed by, or at the direction of, or resulting from statutes or regulations, or interpretations thereof, promulgated by any governmental authority or insurer in connection with the use or
occupancy of the Building. Notwithstanding said provisions, if any improvement or replacement to the Building under this subparagraph has a useful life of more than five years, and costs in excess of $25,000, then the cost of such improvement or
replacement shall be fully amortized on a straight-line basis over the useful life of such improvement or replacement, with interest thereon at an annual rate equal to the prime rate then quoted by the Wall Street Journal, plus one percent
(1%)„ and only the amortized portion of such cost and interest shall be included annually in the Maintenance and Repair Costs due under this sub-paragraph. Also notwithstanding anything to the contrary, Maintenance and Repair Costs shall not
include any costs incurred by Landlord to maintain, repair or replace the structural integrity of the exterior walls (other than for painting or crack sealing), foundation, and structural components of the roof, unless such repair or replacement is
necessitated by acts of Tenant, its Agents, or contractors. 
 (5) Management and Administration. The costs for management and
administration of the Building and the Property, including a property management fee, accounting, auditing, billing, postage, employee benefits, payroll taxes, etc. shall be three percent (3%) of Tenant’s annual Base Rent (the
“Management Fees”). 
 (c) Payment of Additional Rent. 

(1) Upon execution of this Lease, Landlord shall submit to Tenant an estimate of the monthly Taxes and Assessments, insurance premiums,
Outside Area Expenses, Maintenance and Repair Costs, and Management and Administration costs (paragraph 4(b)(1), 4(b)(2),4(b)(3),4(b)(4), and 4(b)(5)above) (collectively, the “Costs”) for the period between the Commencement Date and
December 31 of such calendar year. Tenant shall pay such estimated Costs in advance on a monthly basis, commencing with the Commencement Date and continuing thereafter on the first day of each month of the Term (the parties acknowledge,
however, that the estimated Costs due for the first month of the Term were paid by Tenant upon execution of this Lease). Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By March 1 of each
calendar year, Landlord shall use commercially reasonable efforts to provide Tenant with a statement showing the actual Costs due to Landlord for the prior calendar year, with the first statement prorated from the Commencement Date through
December 31 of such calendar year. If the total of the monthly payments of Costs that Tenant has made for the prior calendar year (or portion thereof during which this Lease was in effect) is less than the actual Costs chargeable to Tenant for
such prior calendar year, then Tenant shall pay the difference in a lump sum within thirty (30) days after receipt of such statement from Landlord. 

  
 -4- 

 
Any overpayment by Tenant of Costs for the prior calendar year shall be applied as a credit to Tenant or, if any overpayment is made by Tenant for the last year of the Term, or portion thereof,
then Landlord shall promptly refund any such overpayment to Tenant following Landlord’s determination of the actual Costs for such year, or portion thereof. 

(2) The actual Costs for the prior calendar year shall be used as a basis of calculating Tenant’s monthly payment of estimated Costs for
the then current year, subject to adjustment as provided above and known to Landlord, except that in any year in which resurfacing of the parking area, exterior painting, or material roof repairs or other work are planned, Landlord may include the
estimated cost of such work, or the amortized amount for any such work which constitutes capital expenditures as provided in paragraph 4(b)(3) or paragraph 4(b)(4) above, in the estimated monthly Costs, but only to the extent any such work is
performed during the Term of this Lease. 
 (3) Landlord shall make final determination of Costs for the year in which this Lease terminates
as soon as possible after termination. Tenant shall remain liable for payment of any amount due to Landlord in excess of the estimated Costs previously paid by Tenant, and, conversely, Landlord shall promptly return to Tenant any overpayment, even
though the Term has expired and Tenant has vacated the Premises. Failure of Landlord to submit statements as called for herein shall not be deemed a waiver of Tenant’s obligation to pay Costs as herein provided. 

(d) General Payment Terms. The Base Rents Costs, Additional Rent and all other sums payable by Tenant to Landlord hereunder are referred
to as the “Rent.” All Rent shall be paid without deduction, offset or abatement in lawful money of the United States of America. Rent for any partial month during the Term shall be prorated for the portion thereof falling due within
the Term. 
 (e) Tenant’s Audit Rights. Tenant and its authorized representatives may examine, inspect, and/or audit the records
of Landlord regarding each statement of Costs (the “Statement”). Any such examination, inspection and/or audit shall be completed at Landlord’s office, during normal business hours, upon not less than forty-eight
(48) hours prior written notice to Landlord, and shall be completed within nine (9) months after the date Landlord has provided Tenant with the Statement of Costs for the calendar year in question. If Tenant elects to audit Landlord’s
Statement of Costs for any calendar year, and the books and records related thereto, such audit shall be completed by a certified public accounting firm reasonably acceptable to Landlord. Unless Tenant takes written exception to any Costs reflected
in the Statement within such nine-month period, the Statement shall be considered as final and accepted by Tenant. Tenant agrees to diligently pursue and complete any audit initiated by Tenant. Tenant shall bear all fees and costs of the audit,
unless the audit discloses that the Costs, taken as a whole for the calendar year subject to the audit, were overstated by five percent (5%) or more. In that event, Landlord shall pay for the reasonable costs of the audit. If the audit
discloses that any Costs were overstated for such calendar year, then the amount of any over payment of such Costs by Tenant shall be deducted from the Costs due for the month following the completion of the audit and each month thereafter until
Tenant has been fully reimbursed for any overpayment of Costs by Tenant or if such overstated Costs are due to Tenant for the last year of the Term, or portion thereof, then Landlord shall promptly refund any such overpayment to Tenant. 

  
 -5- 

 5. Late Charge. Notwithstanding any other provision of this Lease, Tenant hereby
acknowledges that late payment to Landlord of Rent or other amounts due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. If any Rent or other sums due
from Tenant are not received by Landlord or by Landlord’s designated agent within five (5) days after the date such Rent or other sum is due, then Tenant shall pay to Landlord a late charge equal to six percent (6%) of such overdue
amount, plus any attorneys’ fees incurred by Landlord by reason of Tenant’s failure to pay Rent and/or other charges when due hereunder. Landlord and Tenant hereby agree that such late charges represent a fair and reasonable estimate of
the cost that Landlord will incur by reason of Tenant’s late payment. Landlord’s acceptance of such late charges shall not constitute a waiver of Tenant’s default with respect to such overdue amount or estop Landlord from exercising
any of the other rights and remedies granted under this Lease. Notwithstanding the foregoing, Landlord will not assess a late charge against Tenant for the first late payment in any twelve (12) month period so long as Tenant pays the Rent due
within three (3) days after written notice from Landlord that such Rent is past due. Landlord shall not be required to provide any further notices to Tenant during the following twelve (12) months for a late charge to be incurred. 

Initials:     Landlord GC     Tenant SD 

6. Security Deposit. 
 (a)
Concurrently with Tenant’s execution of the Lease, Tenant shall deliver to Landlord either a cash deposit or, in lieu of a cash deposit, an irrevocable, unconditional, standby letter of credit, in the amount of One Hundred Ninety-three Thousand
Eight Hundred Eighty-seven Dollars ($193,887) as security for the full and faithful performance of each and every term, covenant and condition of this Lease (the “Security Deposit). Any such letter of credit, together with any renewal or
replacement letters of credit delivered or to be delivered by Tenant, shall be referred to herein collectively as the “Letter of Credit.” The Letter of Credit shall name Landlord as beneficiary and shall be issued by a national
money center bank with an office in the San Francisco Bay area, California (the “Issuer”). The final form of the Letter of Credit, the identity of the Issuer, and the form of any replacement Letter of Credit shall be subject
to Landlord’s approval. Landlord shall hold the Security Deposit as security for the full and faithful performance of Tenant’s obligations under this Lease, it being expressly understood and agreed that the Security Deposit is not an
advance rental deposit or a measure of Landlord’s damages in the event of Tenant’s default. 
 (b) The Letter of Credit shall be
for an initial term of not less than twelve (12) months and shall be maintained in force at all times from issuance through thirty (30) days following the expiration or earlier termination of this Lease. If Tenant fails to deliver a
replacement Letter of Credit to Landlord at least thirty (30) days prior to the expiration date of an outstanding Letter of Credit, Landlord shall have the right, in addition to any other remedies available to Landlord, to draw down all or part
of the current Letter of Credit and to hold the proceeds thereof as a cash Security Deposit without the payment of any interest to Tenant. 

  
 -6- 

 
Drawing upon the Letter of Credit shall be conditioned only upon presentation of the original Letter of Credit to the Issuer accompanied by a certified statement from Landlord that Landlord is
entitled to draw upon the Letter of Credit pursuant to the terms of the Lease. The Letter of Credit shall be transferable by the beneficiary and any transfer fee payable to the Issuer shall be paid by Tenant. The Letter of Credit shall not be
mortgaged, assigned or encumbered in any manner whatsoever by Tenant. The use, application or retention of the Letter of Credit, or any portion thereof, by Landlord shall not prevent Landlord from exercising any other right or remedy provided by
this Lease or by law, it being intended that Landlord shall not first be required to proceed against the Letter of Credit, and such use, application or retention shall not operate as a limitation on any recovery to which Landlord may otherwise be
entitled. 
 (c) Upon the occurrence of any default by Tenant under this Lease, regardless of whether Tenant has filed a petition in
bankruptcy under the federal bankruptcy laws, or if Tenant, following the filing of any such petition, rejects this Lease, then Landlord may (but shall not be required to) draw upon the Letter of Credit so much thereof as is necessary in
Landlord’s determination to cure Tenant’s default, including the payment of any Rent or other sum then due and unpaid, and the repair of any damage to the Premises caused by Tenant. If any portion of the Letter of Credit is drawn upon by
Landlord for such purposes, Tenant shall, within ten (10) business days after written demand by Landlord, deposit a replacement Letter of Credit with Landlord in the amount of the original Letter of Credit. Tenant’s failure to do so shall
be a material breach of this Lease. Tenant shall not, however, be required to provide Landlord with a replacement Letter of Credit if the Letter of Credit is drawn upon by Landlord solely as a result of a bankruptcy by Tenant and not as a result of
any other default by Tenant (i.e., no Rent or other charges are currently due and outstanding under this Lease. In the event that Landlord draws upon the Letter of Credit solely due to Tenant’s failure to renew the Letter of Credit at least
thirty (30) days before its expiration (i) such failure to renew shall not constitute a default hereunder and (ii) Tenant shall at any time thereafter be entitled to provide Landlord with a replacement Letter of Credit that satisfies
the requirements hereunder, at which time Landlord shall return the cash proceeds of the original Letter of Credit drawn by Landlord. If Landlord so uses or applies all or any portion of any cash Security Deposit, then within ten (10) days
after written demand therefor Tenant shall deposit cash with Landlord in an amount sufficient to restore the Security Deposit to the full extent of the above amount, and Tenant’s failure to do so shall be a default under this Lease. Provided
that Tenant is not then in default under this Lease, the Letter of Credit, or any cash Security Deposit, if applicable, shall be returned to Tenant within thirty (30) days after the date which is the later of the expiration of the Term hereof
and the date Tenant has surrendered the Premises in accordance with the terms of this Lease. 
 (d) Landlord may use, apply or retain the
whole or any part of the Security Deposit as may be reasonably necessary (i) to remedy Tenant’s default in the payment of any Rent, (ii) to repair damage to the Premises that is caused by Tenant, (iii) to clean the Premises upon
termination of this Lease, (iv) to reimburse Landlord for the payment of any amount which Landlord may reasonably spend or be required to spend by reason of Tenant’s default, or (v) to compensate Landlord for any other loss or damage
which Landlord may suffer by reason of Tenant’s default including without limitation, those damages provided for in California Civil Code Section 1951.2 and any successor statutes providing for damages in the event of the termination of a
lease due to a default by the tenant thereunder, and those damages provided by other provision of applicable law now or hereafter in force or provided for in equity. As a 

  
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material part of the consideration given by Tenant to Landlord to induce Landlord to enter into this Lease, Tenant waives the provisions of California Civil Code Section 1950.7, and all
other provisions of law now in force or that become in force after the date of the execution of this Lease, that provide that Landlord may claim from a security deposit only those sums reasonably necessary to remedy defaults in the payment of rent,
to repair damage caused by Tenant, or to clean the Premises. Landlord and Tenant agree that Landlord may, in addition, claim those sums reasonably necessary to compensate Landlord for any other foreseeable or unforeseeable loss or damage caused by
the acts or omissions of Tenant or Tenant’s officers, agents, employees, independent contractors or invitees. 
  

(e) No part of the Security Deposit shall be considered to be held in trust, to bear interest or another increment for its use, or to be
prepayment for any moneys to be paid by Tenant under this Lease. In the event Landlord transfers its interest in this Lease, Landlord shall transfer the then remaining amount of the Security Deposit to Landlord’s successor in interest, and
thereafter Landlord shall have no further liability to Tenant with respect to such Security Deposit. 
 7. Tenant Improvements.
Landlord shall construct at Landlord’s expense certain improvements to the Premises in accordance with the Work Letter Agreement attached as EXHIBIT D to this Lease (the “Tenant Improvements”). Within ten (10) days
after completion of the Tenant Improvements, Tenant shall conduct a walkthrough inspection of the Premises with Landlord and complete a punch-list of items needing additional work by Landlord. If Tenant fails to submit a punch-list to Landlord
within five (5) days after such inspection, it shall be deemed that there are no Tenant Improvement items needing additional work or repair. Landlord’s contractor shall complete all reasonable punch-list items within thirty (30) days
after Landlord’s receipt of such punch-list or as soon as practicable thereafter. Upon completion of such punch-list items, Tenant shall notify Landlord in writing of Tenant’s approval or disapproval thereof. If Tenant fails to approve or
disapprove such items within fourteen (14) days of completion, such items shall be deemed approved by Tenant. 
 8. Use of
Premises. 
 (a) Permitted Uses. The Premises shall be used only for general office and research and development, to the extent
permitted by governmental regulations. No printed circuit board manufacture or wafer fabrication shall be permitted, or any activities involving Hazardous Materials, except that Tenant shall be permitted to use customary office products and
cleansers and minor quantities of cleaners and solvents in connection with its business, but as to such cleaners and solvents subject to the prior written consent of Landlord, which shall not be unreasonably withheld. 

(b) Compliance with Governmental Regulations. From and after the Commencement Date, Tenant shall, at Tenant’s expense, faithfully
observe and comply with all applicable federal, state and municipal laws, statutes, rules, regulations, ordinances, requirements and orders (collectively, “Applicable Laws”) now in force or which may hereafter be in force pertaining
to the Premises or Tenant’s use thereof, and all recorded covenants, conditions and restrictions affecting the Property (“Private Restrictions”) now in force or which may hereafter be in force; provided that no such future
Private Restrictions shall materially affect Tenant’s use 

  
 -8- 

 
and enjoyment of the Premises or Property, and provided further that Tenant shall not be required to make any capital improvements or structural modifications to the Premises or Building unless
the requirement for such improvements or modifications is imposed by Applicable Laws solely as a result of the specific nature of Tenant’s use of the Premises or any other alterations, additions or improvements to the Premises or the Building
made or proposed to be made by Tenant. The judgment of any court of competent jurisdiction, or the admission of Tenant in any action or proceeding against Tenant, whether Landlord be a party thereto or not, that Tenant has violated any such
Applicable Laws or Private Restrictions, shall be conclusive of that fact as between Landlord and Tenant. 
 9. Acceptance of
Premises. Landlord shall deliver the Premises to Tenant with the Tenant Improvements substantially completed, and the roof, and all Building systems, including the HVAC, lighting, electrical, and plumbing, in good working condition. Subject to
the foregoing, Tenant accepts the Premises as suitable for Tenant’s intended use and as being in good and sanitary operating order, condition and repair, and without representation or warranty by Landlord as to the condition of the Premises or
as to the suitability or fitness of the Premises for the conduct of Tenant’s business or for any other purpose. Any damage to the Premises caused by Tenant’s move-in shall be repaired or corrected by Tenant, at its expense. 

10. Surrender. Upon the expiration or earlier termination of the Term, Tenant shall surrender the Premises to Landlord in good
condition and repair, normal wear and tear and fire or other casualty excepted, with all interior walls repaired and repainted if damaged, all carpets shampooed and cleaned, all broken, marred or nonconforming acoustical ceiling tiles replaced with
matching tiles, all interior sides of windows washed, the plumbing and electrical systems and lighting in good order and repair, including replacement of any burned out or broken light bulbs or ballasts, the HVAC equipment serviced and repaired by a
reputable and licensed service firm (if Tenant is at any time, pursuant to the terms of this Lease, required to maintain the HVAC system serving the Premises), and all floors cleaned, all to the reasonable satisfaction of Landlord. Tenant shall
remove from the Premises any Alterations required to be removed pursuant to Paragraph 11, and all Tenant’s Personal Property, and repair any damage and perform any restoration work caused by such removal. If Tenant fails to remove any such
Alterations and/or Tenant’s Personal Property, and such failure continues after the termination of this Lease, Landlord may retain such property and all rights of Tenant with respect to it shall cease, or Landlord may place all or any portion
of such property in public storage for Tenant’s account. Tenant shall be liable to Landlord for costs of removal of any such Alterations and Tenant’s Personal Property and storage and transportation costs of same, and the cost of repairing
and restoring the Premises, together with interest at the Interest Rate from the date of expenditure by Landlord. If the Premises are not so surrendered at the termination of this Lease, Tenant shall indemnify Landlord and its Agents against all
loss or liability, including attorneys’ fees and costs, resulting from delay by Tenant in so surrendering the Premises. 
 Normal wear
and tear, for the purposes of this Lease, shall be construed to mean wear and tear caused to the Premises, due to the expected and permitted use of the Premises, by a natural aging process which occurs in spite of prudent application of the best
standards for maintenance, repair and janitorial practices to the extent the same are Tenant’s obligations under this Lease. It is not intended, nor shall it be construed, to include items of neglected or deferred maintenance which would have
or should have been attended to during the Term of the Lease, pursuant to Tenant’s express obligations hereunder, if the best standards had been applied to properly maintain and keep the Premises at all times in good condition and repair. 

  
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 In the event of surrender of this Lease, Landlord shall have the option of terminating all
existing subleases or accepting any sublease(s) as a direct lease or leases. 
 11. Alterations. 

(a) Tenant shall not make, or permit to be made, any alterations, additions or improvements (“Alterations”) to the Premises, or any
part thereof, without the prior written consent of Landlord, which consent shall not be unreasonably withheld. Normal repair and maintenance work, including painting and re-carpeting, shall not be deemed to be an Alteration to the Premises. Any
Alterations to the Premises shall be at Tenant’s sole cost and expense, in compliance with all Applicable Laws, and in accordance with plans and specifications submitted in writing to Landlord and approved in writing. Tenant agrees not to
proceed to make any Alterations, notwithstanding consent from Landlord to do so, until ten (10) days after Tenant’s receipt of such written consent. 

(b) All Alterations, including, but not limited to, heating, lighting, electrical, air conditioning, fire extinguishers, lighting fixtures,
ballasts, light globes, and tubes, hot water heaters, fixed partitioning, drapery, wall covering and paneling, built-in cabinet work and carpeting installations made by Tenant, together with all property that has become an integral part of the
Building, shall at once be and become the property of Landlord, and shall not be deemed trade fixtures, but are subject to removal as provided herein. 

(c) Tenant shall not be required to remove the Tenant Improvements from the Premises at the expiration or sooner termination of this Lease, nor
shall Tenant shall be required to remove any Alterations from the Premises at the expiration or sooner termination of this Lease unless, with respect to any such Alterations, (i) Landlord notified Tenant in writing at the time of
Landlord’s consent to any such Alterations that Tenant would be required to remove such Alterations from the Premises at the expiration of the Term, or (ii) Tenant made such Alterations to the Premises without Landlord’s prior written
consent where such consent is required. 
 12. Maintenance of Premises. 

(a) Maintenance by Tenant. Subject to the provisions of Paragraph 12(b) and (c), throughout the Term Tenant shall, at its sole expense
and at all times (whether or not such portion of the Premises requiring repairs, or the means of repairing the same, are reasonably or readily accessible to Tenant, and whether or not the need for such repairs occurs as a result of Tenant’s
use, any prior use, the elements, or the age of such portion of the Premises), (1) keep and maintain the Premises in good order, condition, and repair, including but not limited to glass, windows, window frames, door closers, locks,
storefronts, interior and exterior doors and door frames, and the interior of the Premises, (excepting only those portions of the Building to be maintained by Landlord, as provided in Paragraph 12(c) below), (2) keep and maintain in good order
and condition, and repair all utility lighting, and plumbing systems, fixtures and equipment, including without limitation, electricity, gas, fire sprinkler and stand pipes, fire alarms, smoke detection, HVAC, water, and sewer, located in or on the
Premises, and furnish all 

  
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expendables, including fluorescent tubes, ballasts, light bulbs, paper goods and soaps, used in the Premises, (3) subject to paragraph 16 hereof, repair all damage to the Building or the
Outside Areas caused by the negligence or willful misconduct of Tenant or its agents, employees, contractors or invitees. Tenant’s obligation to maintain the Premises in good condition and repair shall include any necessary replacements;
provided, however, that so long as any such replacement is not required due to the negligence or willful misconduct of Tenant, its agents, employees or invitees, or Tenant’s failure to maintain the Premises, or any portion thereof, in good
condition and repair as required herein (in which event, subject to the provisions of paragraph 16 below, Tenant shall be responsible for the full cost of any replacement even if capital in nature), then if any replacements constitute a capital
expenditure under generally accepted accounting principles, Landlord shall complete the necessary replacement. The cost of such replacement shall be fully amortized over the useful life of such replacement, with interest thereon at an annual rate
equal to the prime rate then published by the Wall Street Journal, plus one percent (1%), and Tenant shall pay Landlord monthly, as Additional Rent, the monthly amortized cost of such replacement. Tenant shall not do anything to cause any damage,
deterioration or unsightliness to the Building and the Outside Areas. Tenant agrees to maintain and pay for a service contract which meets the manufacturer’s recommendations of the HVAC system installed in the Premises and which is approved by
Landlord, which approval shall not be unreasonably withheld. Landlord reserves the right to hire a licensed HVAC contractor to inspect annually the HVAC system. If this contractor finds deficiencies in the condition of the HVAC system, Tenant agrees
to make all repairs and corrections within a reasonable period of time at Tenant’s expense, and after thirty (30) days notice pay the cost of the inspections by Landlord’s contractor. If no deficiencies are found, Landlord shall pay
for the cost of the inspections. Tenant acknowledges that the HVAC system for the Building is operated by a personal computer and related software located in an electrical room in the Building. Tenant further acknowledges that the personal computer
and software are the property of Landlord and shall not be removed from the Building by Tenant, its Agents, or contractors at any time. 

(b) Landlord’s Right to Maintain and Repair at Tenant’s Expense. Notwithstanding the foregoing, Landlord shall have the right,
but not the obligation, at Tenant’s expense, to enter the Premises and perform Tenant’s maintenance and repair obligations. Within thirty (30) days after invoice therefor from Landlord, Tenant shall pay all reasonable costs and
expenses incurred by Landlord in connection with such maintenance and repairs. Landlord shall have the right to perform Tenant’s maintenance and repair obligations only if Tenant fails to take appropriate remedial action within ten
(10) days after receiving written notice from Landlord specifying the nature of Tenant’s failure to comply with paragraph 12(a) of the Lease. Notwithstanding the foregoing, if Tenant’s failure to maintain, repair or replace as
required by Paragraph 12(a) of the Lease creates an immediate danger of material further damage to the Premises, Landlord shall not be required to give the notice to Tenant set forth in the previous sentence. 

(c) Maintenance by Landlord. Subject to the provisions of Paragraphs 12(a), 21 and 22, and further subject to Tenant’s obligation
under paragraph 4 to reimburse Landlord, in the form of Additional Rent, for the cost and expense of the following items, Landlord agrees to maintain, repair and replace, as necessary, the following items: the roof coverings (provided that Tenant
installs no additional air conditioning or other equipment on the roof that damages the roof coverings), the floor slabs, and the exterior walls (including any glass therein and 

  
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including the painting thereof) of the Building; the utility and plumbing systems (including fountain and sewer lines), fixtures and equipment located outside the Building; and the parking areas,
landscaping, sprinkler systems, alarm system, sidewalks, driveways, curbs, and lighting systems in the Outside Areas. Subject to the provisions of Paragraphs 21 and 22, Landlord shall, at Landlord’s sole cost and expense, maintain the
structural integrity of the exterior walls, the foundation, and the structural components of the roof, including any necessary repairs and/or replacements; provided, however, that, subject to the provisions of paragraph 16, any repairs or
replacements which are required as a result of the negligence or willful misconduct of Tenant, its Agents or contractors, or as a result of Tenant’s installation of any additional HVAC equipment or other equipment on the roof of the Building,
shall be made at Tenant’s expense. Neither Landlord nor Tenant shall be obligated to repair any minor settlement cracks on walls or floor of the Premises and neither Landlord nor Tenant shall be responsible for minor leaking of any walls of the
Building due to any minor settlement cracks or any porosity resulting therefrom. Subject to the provisions of paragraph 21, Landlord shall not be required to repair or maintain conditions due to any act, negligence or omission of Tenant or its
agents, contractors, employees or invitees. Landlord’s obligation hereunder to repair and maintain is subject to the condition precedent that Landlord shall have received written notice of the need for such repairs and maintenance. Tenant shall
promptly report in writing to Landlord any defective condition known to Tenant that Landlord is required to repair. All work by and for Landlord shall be performed during normal working hours and not on weekends, holidays, or after normal working
hours at overtime, holiday, or premium pay. 
 (d) Tenant’s Waiver of Rights. Tenant hereby expressly waives all rights to make
repairs at the expense of Landlord or to terminate this Lease, as provided for in California Civil Code Sections 1941 and 1942, and 1932 (1), respectively, and any similar or successor statute or law in effect or any amendment thereof during the
Term. 
 13. Landlord’s Insurance. Landlord shall maintain in force during the Term of this Lease special form insurance
covering the Building for the full replacement cost thereof and, at Landlord’s option, earthquake coverage. Tenant shall, at its sole cost and expense, comply with any and all reasonable requirements pertaining to the Premises of any insurer
necessary for the maintenance of reasonable fire and public liability insurance, covering Building and appurtenances. Landlord may maintain “loss of rents” insurance, insuring that the Rent will be paid in a timely manner to Landlord for a
period of at least twelve (12) months if the Premises are destroyed or rendered unusable or inaccessible by any cause insured against under this Lease. The premium for such loss of rents insurance shall be Additional Rent as set forth in
paragraph 4(b) (2). 
 14. Tenant’s Insurance. 

(a) Liability Insurance. Tenant shall, at Tenant’s expense secure and keep in force a policy of commercial general liability
insurance covering the Premises, insuring Tenant, and naming Landlord and its lenders as additional insureds, against any liability arising out of the use, occupancy or maintenance of the Premises. The minimum limit of coverage of such policy shall
be in the amount of not less than Two Million Dollars ($2,000,000.00) per occurrence, shall include an extended liability endorsement providing contractual liability coverage (which shall include coverage for Tenant’s indemnification
obligations in this Lease), and shall contain a 

  
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severability of interest clause or a cross liability endorsement. The limit of any insurance shall not limit the liability of tenant hereunder. No policy shall be cancelable or subject to
reduction of coverage, without at least thirty (30) days prior written notice to Landlord, and loss payable clauses shall be subject to Landlord’s approval. Such policies of insurance shall be issued as primary policies and not
contributing with or in excess of coverage that Landlord may carry, by an insurance company authorized to do business in the State of California for the issuance of such type of insurance coverage and rate A:VIII or better in Best’s Key Rating
Guide. A copy of said policy or a certificate evidencing to Landlord’s reasonable satisfaction that such insurance is in effect shall be delivered to landlord upon commencement of the Term, and thereafter whenever said policies are renewed or
modified, and also whenever Landlord shall reasonable request. 
 (b) Personal Property Insurance. Tenant shall maintain in full force
and effect on all of its fixtures and equipment on the Premises, a policy or policies of special form insurance with standard coverage endorsement to the extent of the full replacement cost thereof. During the term of this Lease the proceeds from
any such policy or policies of insurance shall be used for the repair or replacement of the fixtures and equipment so insured. Landlord shall have no interest in the insurance upon Tenant’s equipment and fixtures and will sign all documents
reasonably necessary in connection with the settlement of any claim or loss by Tenant. Landlord will not carry insurance on Tenant’s possessions. Tenant shall furnish Landlord with a certificate evidencing to Landlord’s reasonable
satisfaction that such insurance is currently in effect, and whenever required, shall satisfy Landlord that such policy is in full force and effect. 

15. Indemnification. 

Tenant shall indemnify, defend and hold harmless Landlord and its agents, employees, partners, members, shareholders, officers and directors
(collectively “Agents”) against and from any and all claims, liabilities, judgments, costs, demands, causes of action and expenses (including, without limitation, reasonable attorneys’ fees) to the extent arising from
(1) Tenant’s use of the Premises or the Property or from any activity done, permitted or suffered by Tenant, its agents, employees or independent contractors in and about the Premises or the Property, and (2) any act, neglect, fault,
willful misconduct or omission of Tenant, or Tenant’s Agents and invitees or from any breach or default in the terms of this Lease by Tenant, and (3) any action or proceeding brought on account of any matter in items (1) or (2). If
any action or proceeding is brought against Landlord by reason of any such claim, upon notice from Landlord, Tenant shall defend the same at Tenant’s expense by counsel reasonably satisfactory to Landlord. As a material part of the
consideration to Landlord, Tenant hereby assumes all risk of damage to property or injury to persons in or about the Premises or the Property from any cause whatsoever (except that which is caused by the sole active negligence or willful misconduct
by Landlord or its Agents or by the failure of Landlord to observe any of the terms and conditions of this Lease), if such failure has persisted for an unreasonable period of time after written notice to Landlord of such failure), and Tenant hereby
waives all claims in respect thereof against Landlord. The obligations of Tenant under this paragraph 15 shall survive any termination of this Lease. 

The foregoing indemnity shall not relieve any insurance carrier of its obligations under any policies required to be carried by either party
pursuant to this Lease, to the extent that such policies cover the peril or occurrence that results in the claim that is subject to the foregoing indemnity. 

  
 -13- 

 16. Subrogation. Subject to the approval of its respective insurance carrier, Landlord and
Tenant hereby mutually waive any claim against the other during the Term for any loss or damage to any of their property located on or about the Premises or the Property (and including the Premises) that is caused by or results from perils covered
by insurance carried (or required to be carried pursuant to the terms of this Lease) by the respective parties, to the extent of the proceeds of such insurance actually received with respect to such loss or damage, whether or not due to the
negligence of the other party or its Agents. Because the foregoing waivers will preclude the assignment of any claim by way of subrogation to an insurance company or any other person, each party now agrees to immediately give to its insurer written
notice of the terms of these mutual waivers. In the event either party’s insurance carriers refuse to permit a waiver of subrogation rights as contemplated in this paragraph 16, such party shall promptly notify the other party of such refusal.
Nothing in this paragraph 16 shall relieve a party of liability to the other for failure to carry insurance required by this Lease. 

17. Free from Liens. Tenant shall keep the Premises and the Property free from any liens arising out of any work performed,
materials furnished, or obligations incurred by or for Tenant (but excluding any work performed, materials furnished or obligations incurred by or for Landlord, including with respect to Landlord’s performance of Tenant’s obligations
hereunder), and hereby indemnifies and holds Landlord and its Agents harmless from all liability and cost, including attorneys’ fees and costs, in connection with or arising out of any such lien or claim of lien. Tenant shall cause any such
lien imposed to be released of record by payment or posting of a proper bond acceptable to Landlord within ten (10) days after written request by Landlord. Tenant shall give Landlord written notice of Tenant’s intention to perform work on
the Premises which might result in any claim of lien at least ten (10) days prior to the commencement of such work to enable Landlord to post and record a “Notice of Nonresponsibility.” If Tenant fails to so remove any such
lien within the prescribed ten (10) day period, then Landlord may do so at Tenant’s expense and Tenant shall reimburse Landlord as Additional Rent for such amounts upon demand. Such reimbursement shall include all costs incurred by
Landlord including Landlord’s reasonable attorneys’ fees with interest thereon at the Interest Rate. 
 18.
Advertisements and Signs. Subject to Tenant’s receipt of all necessary governmental approvals, Tenant shall be permitted to install and maintain, at Tenant’s sole cost and expense, (i) identification signage at the entry
area(s) on the exterior of the Building, and (ii) Tenant identification signage on the monument sign for the Property. Tenant’s rights with respect to such identification signage, or the placement or posting of any other signage on the
Premises which may be permitted by Landlord during the Term of this Lease, shall be exclusive and Landlord shall not, nor permit others to, post, place or affix signage on the Premises during the Term, other than any “for sale” or
“for lease” signage which is expressly permitted pursuant to the provisions of paragraph 20 below. The size, design, materials and exact location of Tenant’s signage shall be subject to Landlord’s prior approval, which shall not
be unreasonably withheld. Tenant shall not place or permit to be placed in, upon, or about the Premises or the Property any other signs, advertisements or notices without obtaining Landlord’s prior written consent or without complying with
applicable law, and will not conduct, or permit to be conducted, any sale by auction on the Premises or otherwise on the Property. Tenant shall 

  
 -14- 

 
remove any sign, advertisement or notice placed on the Premises by Tenant upon the expiration of the Term or sooner termination of this Lease, and Tenant shall repair any damage or injury to the
Premises or the Property caused thereby, all at Tenant’s expense. If any signs are not removed, or necessary repairs not made, Landlord shall have the right to remove the signs and repair any damage or injury to the Premises or the Property at
Tenant’s sole cost and expense. 
 19. Utilities. Tenant shall contract directly with the appropriate utility provider for all
water, gas, electricity, sewer, and refuse pickup for the Building and Landlord shall have no further responsibility therefore. Tenant shall be responsible for all telephone services, janitorial service and any other utilities and services furnished
directly to and used by Tenant in, on or about the Premises during the Term, together with any taxes thereon, and shall promptly pay all charges for any such utilities and services as and when due. Landlord shall not be liable in damages or
otherwise for any failure or interruption of any utility service or other service furnished to the Premises, except that resulting from the gross negligence or willful misconduct of Landlord or its Agents or Landlord’s breach of any material
obligation under this Lease. In addition, Tenant shall not be entitled to any abatement or reduction of Rent by reason of such failure or interruption, no eviction of Tenant shall result from such failure or interruption, and Tenant shall not be
relieved from the performance of any covenant or agreement in this Lease because of such failure or interruption. 
 20. Entry by
Landlord. Tenant shall permit Landlord and its Agents to enter into and upon the Premises at all reasonable times, upon reasonable notice of no less than twenty four (24) hours (except in the case of an emergency, for which no notice shall
be required) and, subject to Tenant’s reasonable security arrangements, for the purpose of inspecting the same or showing the Premises to prospective purchasers, lenders or tenants or to alter, improve, maintain and repair the Premises as
required or permitted of Landlord under the terms hereof. Landlord and its Agents shall also be permitted to access the roof of the Building to maintain and repair the roof of the Building and any Building equipment located on the roof, including
HVAC equipment, and no prior notice to Tenant shall be required for any such access. In each instance, such entry or access by Landlord or its Agents shall be without any liability to Tenant for any loss of occupation or quiet enjoyment of the
Premises thereby occasioned (except for actual damages resulting from the gross negligence or willful misconduct of Landlord or its Agents or Landlord’s breach of a material obligation under this Lease). Tenant shall permit Landlord to post
notices of non-responsibility and ordinary “for sale” or “for lease” signs, provided that Landlord may post such “for lease” signs and exhibit the Premises to prospective tenants only during the nine (9) months
prior to termination of this Lease. No such entry shall be construed to be a forcible or unlawful entry into, or a detainer of, the Premises, or an eviction of Tenant from the Premises. 

21. Destruction and Damage. 

(a) If the Building is damaged by fire or other perils covered by extended coverage insurance, Landlord shall, at Landlord’s option: 

(i) In the event of total destruction (which shall mean destruction or damage in excess of twenty-five percent (25%) of the full
insurable value thereof) of the Building, elect either to commence promptly to repair and restore the Building and prosecute the 

  
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same diligently to completion, in which event this Lease shall remain in full force and effect; or not to repair or restore the Building, in which event this Lease shall terminate. Landlord shall
give Tenant written notice of its intention within sixty (60) days after the occurrence of such destruction. If Landlord elects not to restore the Building, this Lease shall be deemed to have terminated as of the date of such total destruction.

 (ii) In the event of a partial destruction (which shall mean destruction or damage to an extent not exceeding twenty-five percent
(25%) of the full insurable value thereof) or the Building for which Landlord will receive insurance proceeds sufficient to cover the cost to repair and restore such partial destruction and, if the damage thereto is such that the Building may
be substantially repaired or restored to its condition existing immediately prior to such damage or destruction within one hundred eighty (180) days from the date of such destruction, Landlord shall commence and proceed diligently with the work
of repair and restoration, in which event the Lease shall continue in full force and effect. If such repair and restoration requires longer than one hundred eighty (180) days or if the insurance proceeds therefor (plus any amounts Tenant may
elect or is obligated to contribute) are not sufficient to cover the cost of such repair and restoration, Landlord may elect either to so repair and restore, in which event the Lease shall continue in full force and effect, or not to repair or
restore, in which event the Lease shall terminate. In either case, Landlord shall give written notice to Tenant of its intention within sixty (60) days after the destruction occurs. If Landlord elects not to restore the Building, this Lease
shall be deemed to have terminated as of the date of such partial destruction. 
 (b) If the Building is damaged by any peril not covered by
special form insurance, and the cost to repair such damage exceeds any amount Tenant may agree to contribute, Landlord may elect either to commence promptly to repair and restore the Building and prosecute the same diligently to completion, in which
event this Lease shall remain in full force and effect; or not to repair or restore the Building, in which event this Lease shall terminate. Landlord shall give Tenant written notice of its intention within sixty (60) days after the occurrence
of such damage. If Landlord elects not to restore the Building, this Lease shall be deemed to have terminated as of the date on which Tenant surrenders possession of the Premises to Landlord, except that if the damage to the Premises materially
impairs Tenant’s ability to continue its business operations in the Premises, then this Lease shall be deemed to have terminated as of the date such damage occurred. 

(c) In the event of repair and restoration as herein provided, the monthly installments of Base Rent shall be abated proportionately in the
ratio which Tenant’s use of the Premises is impaired during the period of such repair or restoration, unless the damage was caused by the negligent or willful acts of omissions of Tenant, in which event there shall be abatement of Base Rent
only to the extent of rental abatement insurance proceeds received by Landlord. Tenant shall not be entitled to any compensation or damages for loss of use of the whole or any part of the Premises and/or any inconvenience or annoyance occasioned by
such damage, repair or restoration. If the Lease is terminated by either Landlord or Tenant as permitted herein, then monthly installments of Base Rent and Additional Rent shall be abated from and after the date of the casualty. 

  
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 (d) If Landlord is obligated to or elects to repair or restore as herein provided, Landlord shall
repair or restore only those portions of the Building and Premises which were originally provided at Landlord’s expense, substantially to their condition existing immediately prior to the occurrence of the damage or destruction; and Tenant
shall promptly repair and restore, at Tenant’s expense, Tenant’s fixtures, improvements, alterations and additions in and to the Premises or Building which were not provided at Landlord’s expense. 

(e) Tenant shall have the right to terminate this Lease if the time to repair any damage or destruction to the Building is estimated to exceed,
or actually exceeds, one hundred fifty (150) days from the date of the casualty, or if the damage or destruction to the Building occurs during the last twelve (12) months of Term, the time to repair the damage or destruction to the
Building is estimated to exceed, or actually exceeds, sixty (60) days from the date of the casualty. Tenant shall notify Landlord of its election within thirty (30) days after notice from Landlord of the estimated time required to complete
the repair of any damage or destruction to the Building or, if applicable, within thirty (30) days after the expiration of such 150-day or 60-day period; provided, however, that if Tenant notifies Landlord of Tenant’s election to terminate
this Lease due to Landlord’s inability to complete the repair of any such damage or destruction within such 150-day period and Landlord actually completes such repair within fifteen (15) days after Landlord’s receipt of Tenant’s
notice, then this Lease shall not terminate but shall remain in full force and effect. 
 (f) Tenant hereby waives the provisions of
California Civil Code Section 1932(2) and Section 1933(4) which permit termination of a lease upon destruction of the leased Premises, and the provisions of any similar law now or hereinafter in effect, and the provisions of this Paragraph
22 shall govern exclusively in case of such destruction. 
 22. Condemnation. If twenty-five percent (25%) or more of the
Building or the parking area for the Premises is taken for any public or quasipublic purpose by any lawful governmental power or authority, by exercise of the right of appropriation, inverse condemnation, condemnation or eminent domain, or sold to
prevent such taking (each such event being referred to as a “Condemnation”), Landlord or Tenant may, at its option, terminate this Lease as of the date title vests in the condemning party. If the Building after any Condemnation and
any repairs by Landlord would be untenantable for the conduct of Tenant’s business operations, Tenant shall have the right to terminate this Lease as of the date title vests in the condemning party. If either party elects to terminate this
Lease as provided herein, such election shall be made by written notice to the other party given within thirty (30) days after the nature and extent of such Condemnation have been finally determined. Tenant shall not because of such taking
assert any claim against Landlord. Landlord shall be entitled to receive the proceeds of all Condemnation awards (except separate awards for trade fixtures and relocation expense), and Tenant hereby assigns to Landlord all of its interest in such
awards. If less than twenty-five percent (25) of the Building or the parking area is taken, Landlord at its option may terminate this Lease. If neither Landlord nor Tenant elects to terminate this Lease to the extent permitted above, Landlord
shall promptly proceed to restore the Premises, to the extent of any Condemnation award received by Landlord, to substantially their same condition as existed prior to such Condemnation, allowing for the reasonable effects of such Condemnation, and
a proportionate abatement shall be made to the Base Rent corresponding to the time during which, and to the portion of the floor area of the Building (adjusted for any increase thereto resulting 

  
 -17- 

 
from any reconstruction) of which, Tenant is deprived on account of such Condemnation and restoration. The provisions of California Code of Civil Procedure Section 1265.130, which allows
either party to petition the Superior Court to terminate the Lease in the event of a partial taking of the Premises, and any other applicable law now or hereafter enacted, are hereby waived by Landlord and Tenant. 

23. Assignment and Subletting. 

(a) Tenant shall not voluntarily or by operation of law, (1) mortgage, pledge, hypothecate or encumber this Lease or any interest herein,
(2) assign or transfer this Lease or any interest herein, sublet the Premises or any part thereof, or any right or privilege appurtenant thereto, or (3) allow any other person (the employees, agents and invitees of Tenant excepted) to
occupy or use the Premises, or any portion thereof, without first obtaining the written consent of Landlord. A change in control of Tenant shall constitute an assignment requiring Landlord’s consent. The transfer, on a cumulative basis, of more
than fifty percent (50%) of the voting control of Tenant shall constitute a change in control for this purpose; provided, however, that the foregoing shall not apply to the sale of shares of stock in Tenant through a nationally recognized
public stock exchange. When Tenant requests Landlord’s consent to any assignment or subletting, it shall notify Landlord in writing of the name and address of the proposed assignee or subtenant and the nature and character of the business of
the proposed assignee or subtenant and shall provide current financial statements for the proposed assignee or subtenant prepared in accordance with generally accepted accounting principles. Tenant shall also provide Landlord with a copy of the
proposed sublet or assignment agreement, including all material terms and conditions thereof. Landlord shall have the option, to be exercised within thirty (30) days of receipt of the foregoing, to (1) cancel this Lease, in the event of an
assignment of this Lease or a sublease of the entire Premises for the balance of the then existing Lease Term, as of the commencement date stated in the proposed sublease or assignment, (2) acquire from Tenant the interest, or any portion
thereof, in this Lease and/or the Premises that Tenant proposes to assign or sublease, on the same terms and conditions as stated in the proposed sublet or assignment agreement, (3) consent to the proposed assignment or sublease, or
(4) refuse its consent to the proposed assignment or sublease, providing that such consent shall not be unreasonably withheld. 
 (b)
Without otherwise limiting the criteria upon which Landlord may withhold its consent, Landlord may take into account the reputation and credit worthiness of the proposed assignee or subtenant, the character of the business proposed to be conducted
in the Premises or portion thereof sought to be subleased, and the potential impact of the proposed assignment or sublease on the economic value of the Premises. In any event, Landlord may withhold its consent to any assignment or sublease, if
(1) the actual use proposed to be conducted in the Premises or portion thereof conflicts with the provisions of Paragraph 8(a) or (b) above, or (2) the proposed assignment or sublease requires unreasonable alterations, improvements or
additions to the Premises or portions thereof. 
 (c) If Landlord approves an assignment or subletting as herein provided, Tenant shall pay
to Landlord, as Additional Rent, fifty percent (50%) of the difference, if any, between (1) the Base Rent plus Additional Rent allocable to that part of the Premises affected by such assignment or sublease pursuant to the provisions of
this Lease, and (2) the rent and any 

  
 -18- 

 
additional rent paid by the assignee or sublessee to Tenant, after deducting the costs of customary real estate commissions and reasonable attorneys’ fees, if any, incurred by Tenant in
connection with any such assignment or sublease. The assignment or sublease agreement, as the case may be, after approval by Landlord, shall not be amended without Landlord’s prior written consent, and shall contain a provision directing the
assignee or subtenant to pay the rent and other sums due thereunder directly to Landlord upon receiving written notice from Landlord that Tenant is in default under this Lease with respect to the payment of Rent. Landlord’s collection of such
rent and other sums shall not constitute an acceptance by Landlord of attornment by such assignee or subtenant. A consent to one assignment subletting, occupation or use, and consent to any assignment or subletting shall in no way relieve Tenant of
any liability under this Lease. Any assignment or subletting without Landlord’s consent shall be void, and shall, at the option of Landlord, constitute a Default under this Lease. 

(d) Notwithstanding the provisions of this Paragraph 23 to the contrary, Landlord’s prior written consent shall not be required for, and
Landlord shall not have the right to terminate this Lease pursuant to Paragraph 23(a) or charge any costs with respect to, an assignment or sublease to (i) any company which controls, is controlled by, or is under common control with, Tenant;
(ii) any entity resulting from a merger or consolidation with Tenant; (iii) or any person or entity which acquires substantially all of the assets of Tenant as a going concern of the business that is conducted at the Premises, provided
that in each such instance Tenant gives Landlord written notice of any such assignment or sublease and, in the event of an assignment the assignee has a net worth that is equal to or greater than the net worth of Tenant and assumes, in writing, for
the benefit of Landlord all of Tenant’s obligations under the Lease. 
 (e) Tenant shall pay Landlord’s reasonable fees, including
a reasonable administration fee, not to exceed One Thousand Dollars ($1,000.00) per transaction, incurred in connection with Landlord’s review and processing of documents regarding any proposed assignment or sublease. 

(f) Tenant acknowledges and agrees that the restrictions, conditions and limitations imposed by this Paragraph 23 on Tenant’s ability to
assign or transfer this Lease or any interest herein, to sublet the Premises or any part thereof, to transfer or assign any right or privilege appurtenant to the Premises, or to allow any other person to occupy or, use the Premises or any portion
thereof, are, for the purposes of California Civil Code Section 1951.4, as amended from time to time, and for all other purposes, reasonable at the time that the Lease was entered into, and shall be deemed to be reasonable at the time that
Tenant seeks to assign or transfer this Lease or any interest herein, to sublet the Premises or any part thereof, to transfer or assign any right or privilege appurtenant to the Premises, or to allow any other person to occupy or use the Premises or
any portion thereof. 
 24. Tenant’s Default. The occurrence of any one of the following events shall constitute an event of
default on the part of Tenant (“Default”): 
 (a) Intentionally omitted; 

  
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 (b) Failure to pay any installment of Rent or any other monies due and payable hereunder, said
failure continuing for a period of five (5) business days after written notice from Landlord that the same is past due; 
 (c) A general
assignment by Tenant for the benefit of creditors; 
 (d) The filing of a voluntary petition in bankruptcy by Tenant, the filing of a
voluntary petition for an arrangement, the filing of a petition, voluntary or involuntary, for reorganization, or the filing of an involuntary petition by Tenant’s creditors, said involuntary petition remaining undischarged for a period of
sixty (60) days; 
 (e) Receivership, attachment, or other judicial seizure of substantially all of Tenant’s assets on the
Premises, such attachment or other seizure remaining undismissed or undischarged for a period of sixty (60) days after the levy thereof; 

(f) Failure of Tenant to execute and deliver to Landlord any estoppel certificate, subordination agreement, or lease amendment within the time
periods and in the manner required by Paragraph 29 or 30 or 39. 
 (g) An assignment of this Lease or sublease of the Premises by Tenant
contrary to the provision of Paragraph 23, unless such assignment or sublease is expressly conditioned upon Tenant having received Landlord’s consent thereto; 

(h) Failure of Tenant to restore the Security Deposit to the amount and within the time period provided in Paragraph 6 above; 

(i) Failure in the performance of any of Tenant’s covenants, agreements or obligations hereunder (except those failures specified as
events of Default in other Paragraphs or this Paragraph 24, which shall be governed by such other Paragraphs), which failure continues for ten (10) calendar days after written notice thereof from Landlord to Tenant provided that, if Tenant has
exercised reasonable diligence to cure such failure and such failure cannot be cured within such ten (10) day period despite reasonable diligence, Tenant shall not be in default under this subparagraph unless Tenant fails thereafter diligently
and continuously to prosecute the cure to completion; and 
 (j) Chronic delinquency by Tenant in the payment of Rent, or any other periodic
payments required to be paid by Tenant under this Lease. “Chronic delinquency” shall mean failure by Tenant to pay Rent, or any other payments required to be paid by Tenant under this Lease within (5) calendar days after written
notice thereof for any three (3) months (consecutive or nonconsecutive) during any twelve (12) month period. In the event of a Chronic Delinquency, in addition to Landlord’s other remedies for Default provided in this Lease, at
Landlord’s option, Landlord shall have the right to require that Rent be paid by Tenant quarterly, in advance. 
 Tenant agrees that any
notice given by Landlord pursuant to Paragraph 24(b), (i) or (j) above shall satisfy the requirements for notice under California Code of Civil Procedure Section 1161, and Landlord shall not be required to give any additional notice
in order to be entitled to commence an unlawful detainer proceeding. 

  
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 25. Landlord’s Remedies. 

(a) Termination. In the event of any Default by Tenant, then in addition to any other remedies available to Landlord at law or in equity
and under this Lease, Landlord shall have the immediate option to terminate this Lease and all rights of Tenant hereunder by giving written notice of such intention to terminate. In the event that Landlord shall elect to so terminate this Lease,
then Landlord may recover from Tenant: 
 (1) the worth at the time of award of any unpaid Rent and any other sums due and payable which
have been earned at the time of such termination; plus 
 (2) the worth at the time of award of the amount by which the unpaid Rent and any
other sums due and payable which would have been earned after termination until the time of award exceeds the amount of such rental loss Tenant proves could have been reasonably avoided; plus 

(3) the worth at the time of award of the amount by which the unpaid Rent and any other sums due and payable for the balance of the term of
this Lease after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided; plus 
 (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 would be likely to result therefrom, including, without
limitation, any costs or expenses reasonably and necessarily incurred by Landlord (i) in retaking possession of the Premises; (ii) in maintaining, repairing, preserving, restoring, replacing, cleaning, altering or rehabilitating the
Premises or any portion thereof, including such acts for reletting to a new tenant or tenants; (iii) for leasing commissions; or (iv) for any other costs necessary or appropriate to relet the Premises; plus 

(i) such reasonable attorneys’ fees incurred by Landlord as a result of a Default, and costs in the event suit is filed by Landlord to
enforce such remedy; and plus 
 (ii) at Landlord’s election, such other amounts in addition to or in lieu of the foregoing as may be
permitted from time to time by applicable law. 
 As used in subparagraphs (1) and (2) above, the “worth at the time of
award” is computed by allowing interest at an annual rate equal to ten percent (10%) per annum or the maximum rate permitted by law, whichever is less. As used in subparagraph (3) above, the “worth at the time of award” 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 (1%). Tenant waives redemption of relief from forfeiture under California Code of Civil Procedure Sections
1174 and 1179, or under any other present or future law, in the event Tenant is evicted or Landlord takes possession of the Premises by reason of any Default or Tenant hereunder. 

  
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 (b) Continuation of Lease. In the event of any Default by Tenant, then in addition to any
other remedies available to Landlord at law or in equity and under this Lease, Landlord shall have the remedy described in California Civil Code Section 1951.4 (Landlord may continue this Lease in effect after Tenant’s Default and
abandonment and recover Rent as it becomes due, provided Tenant has the right to sublet or assign, subject only to reasonable limitations). 

(c) Re-entry. In the event of any Default by Tenant, Landlord shall also have the right, with or without terminating this Lease, in
compliance with applicable law, to re-enter the Premises and remove all persons and property from the Premises; such property may be removed and stored in a public warehouse or elsewhere at the cost of and for the account of Tenant. 

(d) Reletting. In the event of the abandonment of the Premises by Tenant or in the event that Landlord shall elect to re-enter as
provided in Paragraph 25(c) or shall take possession of the Premises pursuant to legal proceeding or pursuant to any notice provided by law, then if Landlord does not elect to terminate this Lease as provided in Paragraph 25(a), Landlord may from
time to time, without terminating this Lease, relet the Premises or any part thereof for such term or terms and at such rental or rentals and upon such other terms and conditions as Landlord in its sole discretion may deem advisable with the right
to make alterations and repairs to the Premises. In the event that Landlord shall elect to so relet, then rentals received by Landlord from such reletting shall be applied in the following order: (1) to reasonable attorneys’ fees incurred
by Landlord as a result of a Default and costs in the event suit is filed by Landlord to enforce such remedies; (2) to the payment of any indebtedness other than Rent due hereunder from Tenant to Landlord; (3) to the payment of any
reasonable costs of such reletting; (4) to the payment of the costs of any reasonable alterations and repairs to the Premises; (5) to the payment of Rent due and unpaid hereunder; and (6) the residue, if any, shall be held by Landlord
and applied in payment of future Rent and other sums payable by Tenant hereunder as the same may become due and payable hereunder. Should that portion of such rentals received from such reletting during any month, which is applied to the payment of
Rent hereunder, be less than the Rent payable during the month by Tenant hereunder, then Tenant shall pay such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. Tenant shall also pay to Landlord, as soon as ascertained,
any costs and expenses reasonably and necessarily incurred by Landlord in such reletting or in making such alterations and repairs not covered by the rentals received from such reletting. 

(e) Termination. No re-entry or taking of possession of the Premises by Landlord pursuant to this Paragraph 25 shall be construed as an
election to terminate this Lease unless a written notice of such intention is given to Tenant or unless the termination thereof is decreed by a court of competent jurisdiction. Notwithstanding any reletting without termination by Landlord because of
any Default by Tenant, Landlord may at any time after such reletting elect to terminate this Lease for any such Default. 

  
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 (f) Cumulative Remedies. The remedies herein provided are not exclusive and Landlord shall
have any and all other remedies provided herein or by law or in equity. 
 (g) No Surrender. No act or conduct of Landlord, whether
consisting of the acceptance of the keys to the Premises, or otherwise, shall be deemed to be or constitute an acceptance of the surrender of the Premises by Tenant prior to the expiration of the Term, and such acceptance by Landlord of surrender by
Tenant shall only flow from and must be evidenced by a written acknowledgment of acceptance of surrender signed by Landlord. The surrender of this Lease by Tenant, voluntarily or otherwise, shall not work a merger unless Landlord elects in writing
that such merger takes place, but shall operate as an assignment to Landlord of any and all existing subleases, or Landlord may, at its option, elect in writing to treat such surrender as a merger terminating Tenant’s estate under this Lease,
and thereupon Landlord may terminate any or all such subleases by notifying the sublessee of its election so to do within (5) days after such surrender. 

26. Attorney’s Fees. In the event any legal action or proceeding, including arbitration and declaratory relief, is commenced for
the purpose of enforcing any rights or remedies pursuant to this Lease, the prevailing party shall be entitled to recover from the non-prevailing party reasonable attorneys’ fees, as well as costs of suit, in said action or proceeding. 

27. Taxes. Tenant shall be liable for and shall pay, prior to delinquency, all taxes levied against personal property and trade or
business fixtures of Tenant. If any alteration, addition or improvement installed by Tenant pursuant to paragraph 11, or any personal property, trade fixture or other property of Tenant, is assessed and taxed with the Property, Tenant shall pay such
taxes to Landlord within fifteen (15) days after delivery to Tenant of a statement therefor. 
 28. Effect of Conveyance. The
term “Landlord” as used in this Lease, means only the owner for the time being of the Property containing the Building, so that, in the event of any sale of the Property or the Building, Landlord shall be and hereby is entirely freed and
relieved of all covenants and obligations of Landlord hereunder accruing from and after the transfer, and it shall be deemed and construed, without further agreement between the parties and the purchaser at any such sale, that the purchaser of the
Property or the Building has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. 
 29.
Tenant’s Estoppel Certificate. From time to time, upon written request of Landlord, Tenant shall execute, acknowledge and deliver to Landlord or its designee, a written certificate stating (a) the date this Lease was executed, the
Commencement Date of the Term and the date the Term expires; (b) the date Tenant entered into occupancy of the Premises; (c) the amount of Rent and the date to which such Rent has been paid; (d) that this Lease is in full force and
effect and has not been assigned, modified, supplemented or amended in any way (or, if assigned, modified, supplemented or amended, specifying the date and terms of any agreement so affecting this Lease); (e) that this Lease represents the
entire agreement between the parties with respect to Tenant’s right to use and occupy the Premises (or specifying such other agreements, if any): (f) that all obligations under this Lease to be performed by Landlord as of the date of such
certificate have been satisfied (or specifying those as to which Tenant claims that Landlord has yet to perform); (g) that all required contributions by Landlord to Tenant on 

  
 -23- 

 
account of Tenant’s improvements have been received (or stating exceptions thereto); (h) to the best of Tenant’s knowledge that on such date there exist no defenses or offsets that
Tenant has against the enforcement of this Lease by Landlord (or stating exceptions thereto); (i) that no Rent or other sum payable by Tenant hereunder has been paid more than one (1) month in advance (or stating exceptions thereto);
(j) that security has been deposited with Landlord, stating the amount thereof; and (k) any other matters evidencing the status of this Lease that may be required either by a lender making a loan to Landlord to be secured by a deed of
trust covering the Property or by a purchaser of the Property. Any such certificate delivered pursuant to this Paragraph 29 may be relied upon by a prospective purchaser of Landlord’s interest or a mortgagee of Landlord’s interest or
assignee of any mortgage upon Landlord’s interest in the Property. If Tenant shall fail to provide such certificate within ten (10) business days of receipt by Tenant of a written request by Landlord as herein provided, such failure shall,
at Landlord’s election, constitute a Default under this Lease, and Tenant shall be deemed to have given such certificate as above provided without modification and shall be deemed to have admitted the accuracy of any information supplied by
Landlord to a prospective purchaser or mortgagee. 
 30. Subordination. Landlord shall have the right to cause this Lease to be and
remain subject and subordinate to any and all mortgages, deeds of trust (“Encumbrances”) that are now or may hereafter be executed covering the Property, or any renewals, modifications, consolidations, replacements or extensions thereof,
for the full amount of all advances made or to be made thereunder and without regard to the time or character of such advances, together with interest thereon and subject to all the terms and provisions thereof; provided only that in the event of
the foreclosure of any such mortgage or deed of trust, so long as Tenant is not in default, the holder thereof (“Holder”) shall agree to recognize Tenant’s rights under this Lease as long as Tenant shall pay the Rent and observe and
perform all the provisions of this Lease to be observed and performed by Tenant. Within ten (10) business days after Landlord’s written request, Tenant shall execute, acknowledge and deliver any and all reasonable documents required by
Landlord or the Holder to effectuate such subordination. If Tenant fails to do so, such failure shall constitute a Default by Tenant under this Lease. Notwithstanding anything to the contrary set forth in this Paragraph 30, Tenant hereby Morns and
agrees to attorn to any person or entity purchasing or otherwise acquiring the Property at any sale or other proceeding or pursuant to the exercise of any other rights, powers or remedies under such Encumbrance. 

31. Environmental Covenants. 

(a) As used herein, the term “Hazardous Material” shall mean any substance or material which has been determined by any state,
federal or local governmental authority to be capable of posing a risk of injury to health, safety or property, including all of those materials and substances designated as hazardous or toxic by the city in which the Premises are located, the U.S.
Environmental Protection Agency, the Consumer Product Safety Commissions, the Food and Drug Administration, the California Water Resources Control Board, the Regional Water Quality Control Board, San Francisco Bay Region, the California Air
Resources Board, CAL/OSHA Standards Board, Division of Occupational Safety and Health, the California Department of Food and Agriculture, the California Department of Health Services, and any federal agencies that have overlapping jurisdiction with
such California agencies, or any other governmental agency now or hereafter authorized to regulate materials and substances in the environment. Without limiting the generality of the foregoing, the term “Hazardous Material”

  
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shall include all of those materials and substances defined as “hazardous materials” or “hazardous waste” in Sections 66680 through 66685 of Title 22 of the California
Administrative Code, Division 4, Chapter 30, as the same products, fractions, constituents and sub-constituents of petroleum or petroleum-related substances, asbestos, and any other materials requiring remediation now or in the future under federal,
state or local statutes, ordinances, regulations or policies. 
 (b) Tenant represents, warrants and covenants (i) that subject to the
provisions of paragraph 8(a) above it will use and store in, on or about the Premises, only those Hazardous Materials that are necessary for Tenant to conduct its business activities on the Premises, (ii) that, with respect to any such
Hazardous Materials, Tenant shall comply with all applicable federal, state and local laws, rules, regulations, policies and authorities relating to the storage, use, disposal or cleanup of Hazardous Materials, including, but not limited to, the
obtaining of proper permits, and (iii) that it will not dispose of any Hazardous Materials in, on or about the Premises under any circumstances. 

(c) Tenant shall immediately notify Landlord of any inquiry, test, investigation or enforcement proceeding by or against Tenant, Landlord or
the Premises concerning a Hazardous Material and affecting the Premises or the Property. Tenant acknowledges that Landlord, as the owner of the Premises, shall have the right to negotiate, defend, approve and appeal, any action taken or order issued
with regard to a Hazardous Material by an applicable governmental authority. Landlord shall immediately notify Tenant of any inquiry, test, investigation or enforcement proceeding against the Premises concerning a Hazardous Material on the Premises.
Tenant shall pay Landlord’s cost of negotiating, defending or appealing any action or order issued with regard to Hazardous Material by an applicable governmental authority if Tenant caused, permitted or suffered such Hazardous Material to come
onto the Premises. 
 (d) If Tenant’s storage, use or disposal of any Hazardous Material in, on or adjacent to the Premises or the
Outside Areas results in any contamination of the Property (or the soil or surface, or groundwater under the Property) (1) requiring remediation under federal, state or local statutes, ordinances, regulations, or policies, or (2) at levels
which are unacceptable to Landlord, in Landlord’s reasonable judgment, Tenant agrees to clean up said contamination. Tenant further agrees to indemnify, defend and hold Landlord harmless from and against any claims, liabilities, suits, causes
of action, costs, expenses or fees, including reasonable attorneys’ fees and costs, arising out of or in connection with any Hazardous Materials used, stored or disposed of by Tenant or its agents, employees, contractors or invitees in, on or
adjacent to the Premises and/or the Outside Areas and any remediation, cleanup work, inquiry or enforcement proceeding in connection therewith. 

(e) Notwithstanding any other right of entry granted to Landlord under this Lease, Landlord shall have the right upon reasonable prior written
notice (except in an emergency or in a situation where there is a danger of immediate further contamination, in which case no prior notice will be required) to enter the Premises or to have consultants enter the Premises throughout the Term of this
Lease for the purpose of (1) determining whether the Premises are in conformity with federal, state and local statues, regulations, ordinances, and policies including those pertaining to the environmental condition of the Premises,
(2)

  
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conducting an environmental audit or investigation of the Premises for purposes of sale, transfer, conveyance or financing, (3) determining whether Tenant has complied with this Paragraph
31, and (4) determining the corrective measures, if any, required of Tenant to ensure the safe use, storage and disposal of Hazardous Materials, or to remove Hazardous Materials (except to the extent used, stored or disposed of by Tenant or its
agents, employees, contractors or invitees in compliance with applicable law). Tenant agrees to provide access and reasonable assistance for such inspections. Such inspections may include, but are not limited to, entering the Premises, the Outside
Areas and/or adjacent property with drill rigs or other machinery for the purpose of obtaining laboratory samples. Landlord shall not be limited in the number of such inspections during the term of this Lease. To the extent such inspection disclose
the presence of Hazardous Materials used, stored or disposed of other than in accordance with subparagraph (b) (ii) above, Tenant shall reimburse Landlord for the reasonable cost of such inspections within ten (10) days of receipt of
a written statement thereof. If such consultants determine that the Premises and/or the Outside Areas are contaminated with Hazardous Materials used, stored or disposed of by Tenant or its agents, employees, contractors or invitees, Tenant shall, in
a timely manner, at its expense, remove such Hazardous Materials or otherwise comply with the recommendations of such consultants to the reasonable satisfaction of Landlord and any applicable governmental agencies. The right granted to Landlord
herein to inspect the Premises shall not create a duty on Landlord’s part to inspect the Premises, or liability of Landlord for Tenant’s use, storage or disposal of Hazardous Materials, it being understood that Tenant shall be solely
responsible for all liability in connection therewith. Landlord shall be liable for the gross negligence or willful misconduct of Landlord or its agents, employees or consultants in conducting the aforementioned inspections. 

(f) Tenant shall surrender the Premises to Landlord upon the expiration or earlier termination of this Lease free of debris, waste and any
Hazardous Materials used, stored or disposed of by Tenant or its agents, employees, contractors or invitees, and in a condition which complies with the requirements of any governmental statutes, ordinances, regulations and policies relating to the
storage, use and/or disposal of such Hazardous Materials, the recommendations of consultants hired by Landlord, and such other reasonable requirements as may be imposed by Landlord. 

(g) Tenant’s obligations under this Paragraph 31 shall survive termination of this Lease. 

32. Notices. All notices and demands which may or are to be required or permitted to be given to either party by the other hereunder
shall be in writing and shall be sent by United States mail, postage prepaid, certified, or by personal delivery or overnight courier, addressed to the addressee at the address for such addressee as specified herein, or to such other place as such
party may from time to time designate in a notice to the other party given as provided herein. Notice shall be deemed given upon the earlier of actual receipt or the date on which delivery was attempted if Tenant refuses to receive. 

33. Waiver. The waiver of any breach of any term, covenant or condition of this Lease shall not be deemed to be a waiver of such term,
covenant or condition or any subsequent breach of the same or any other term, covenant or condition herein contained. The subsequent acceptance of Rent by Landlord shall not be deemed to be a waiver of any preceding breach by

  
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Tenant, other than the failure of Tenant to pay the particular rental so accepted, regardless of Landlord’s knowledge of such preceding breach at the time of acceptance of such Rent. No
delay or omission in the exercise of any right or remedy of Landlord on any Default by Tenant shall impair such a right or remedy or be construed as a waiver. Any waiver by landlord of any Default must be in writing and shall not be a waiver of any
other Default concerning the same or any other provisions of this Lease. 
 34. Holding Over. Any holding over after the expiration
of the Term, without the express written consent of Landlord, shall constitute a Default and, without limiting Landlord’s remedies provided in this Lease, such holding over shall be construed to be a tenancy at sufferance, at a rental rate of
one hundred fifty percent (150%) of the Base Rent last due in this Lease, plus Additional Rent, and shall otherwise be on the terms and conditions herein specified, so far as applicable. 

35. Successors and Assigns. The terms, covenants and conditions of this Lease shall, subject to the provisions as to assignment, apply
to and bind the heirs, successors, executors, administrators and assigns of all of the parties hereto. If Tenant shall consist of more than one entity or person, the obligations of Tenant under this Lease shall be joint and several. 

36. Time. Time is of the essence of this Lease and each and every term, condition and provision herein. 

37. Brokers. Landlord represents and warrants to Tenant that neither it nor its officers or agents nor anyone acting on its behalf has
dealt with any real estate broker other than Cassidy Turley Northern California and CBRE, and Tenant represents to Landlord that Cornish & Carey Newmark Knight Frank is its sole real estate broker in such negotiations, and each party agrees
to indemnify and hold harmless the other from any claim or claims, and costs and expenses, including attorney’s fees, incurred by the indemnified party in conjunction with any such claim or claims of any other broker or brokers to a commission
in connection with this Lease as a result of the actions of the indemnifying party. No brokerage fee or commission shall be paid by Landlord on renewals of this Lease, or exercises of any options to extend the term under this Lease. 

38. Rules and Regulations. Tenant agrees to comply with such reasonable rules and regulations as Landlord may adopt from time to time
for the orderly and proper operating of the Outside Areas. Such rules may include but shall not be limited to regulation of the removal, storage and disposal of Tenant’s refuse and other rubbish at the sole cost and expense of Tenant. The rules
and regulations shall be binding upon Tenant upon delivery of a copy of them to Tenant. Tenant agrees to require its employees, executives, invitees, guests and customers to abide by such rules and regulations including parking regulations. In the
event of any conflict between the rules and regulations and this Lease, this Lease shall control. 
 39. Mortgagee Protection. 

(a) Modifications for Lender. If, in connection with obtaining financing for the Premises or any portion thereof, Landlord’s lender
shall request reasonable modifications to this Lease as a condition to such financing, Tenant shall not unreasonably withhold, delay or defer its consent to such modifications, provided such modifications do not materially adversely affect
Tenant’s rights or increase Tenant’s obligations under this Lease. 

  
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 (b) Rights to Cure. Tenant agrees to give to any trust deed or mortgage holder
(“Holder”), by registered mail, at the same time as it is given to Landlord, a copy of any notice of default given to Landlord, provided that prior to such notice Tenant has been notified, in writing (by way of notice of assignment
of rents and leases, or otherwise) of the address of such Holder. Tenant further agrees that if Landlord shall have failed to cure such default within the time provided for in this Lease, then the Holder shall have an additional twenty
(20) days after expiration of such period, or after receipt of such notice from Tenant (if such notice to the Holder is required by this paragraph 39(b), whichever shall last occur, within which to cure such default or if such default
cannot be cured within that time, then such additional time as may be necessary if within such twenty (20) days, any Holder has commenced and is diligently pursuing the remedies necessary to cure such default (including but not limited to
commencement of foreclosure proceedings, if necessary to effect such cure), in which event this Lease shall not be terminated. 
 40.
Entire Agreement. This Lease, including the Exhibits and any Addenda attached hereto, which are hereby incorporated herein by this reference, contains the entire agreement of the parties hereto, and no representations, inducements, promises
or agreements, oral or otherwise, between the parties, not embodied herein or therein, shall be of any force and effect. 
 41.
Construction. This Lease shall be construed and interpreted in accordance with the laws of the State of California. The parties acknowledge and agree that no rule of construction to the effect that any ambiguities are to be resolved against
the drafting party shall be employed in the interpretation of this Lease, including the Exhibits and any Addenda attached hereto. All captions in this Lease are for reference only and shall not be used in the interpretation of this Lease. Whenever
required by the context of this Lease, the singular shall include the plural, the masculine shall include the feminine, and vice versa. If any provision of this Lease shall be determined to be illegal or unenforceable, such determination shall not
affect any other provision of this Lease and all such other provisions shall remain in full force and effect. 
 42. Representations and
Warranties of Tenant and Landlord. 
 (a) Tenant hereby makes the following representations and warranties, each of which is material and
being relied upon by Landlord, is true in all respects as of the date of this Lease, and shall survive the expiration or termination of the Lease. 

(i) Tenant is duly organized, validly existing and in good standing under the laws of the state of its organization and the persons executing
this Lease on behalf of Tenant have the full right and authority to execute this Lease on behalf of Tenant and to bind Tenant without the consent or approval of any other person or entity. Tenant has full power, capacity, authority and legal right
to execute and deliver this Lease and to perform all of its obligations hereunder. This Lease is a legal, valid and binding obligation of Tenant, enforceable in accordance with its terms. 

  
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 (ii) Tenant has not (1) made a general assignment for the benefit of creditors,
(2) filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by any creditors, (3) suffered the appointment of a receiver to take possession of all or substantially all of its assets, (4) suffered
the attachment or other judicial seizure of all or substantially all of its assets, (5) admitted in writing its inability to pay its debts as they come due, or (6) made an offer of settlement, extension or composition to its creditors
generally. 
 (b) Landlord hereby makes the following representations and warranties, each of which is material and being relied upon by
Tenant, is true in all respects as of the date of this Lease, and shall survive the expiration or termination of the Lease. 
 (i) Landlord
is duly organized, validly existing and in good standing under the laws of the state of its organization and the persons executing this Lease on behalf of Landlord have the full right and authority to execute this Lease on behalf of Landlord and to
bind Landlord without the consent or approval of any other person or entity. Landlord has full power, capacity, authority and legal right to execute and deliver this Lease and to perform all of its obligations hereunder. This Lease is a legal, valid
and binding obligation of Landlord, enforceable in accordance with its terms. 
 (ii) Landlord has not (1) made a general assignment
for the benefit of creditors, (2) filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by any creditors, (3) suffered the appointment of a receiver to take possession of all or substantially all of
its assets, (4) suffered the attachment or other judicial seizure of all or substantially all of its assets, (5) admitted in writing its inability to pay its debts as they come due, or (6) made an offer of settlement, extension or
composition to its creditors generally. 
 43. Outside Areas. 

(a) Subject to the terms and conditions of this Lease and such rules and regulations as Landlord may from time to time prescribe, Tenant and
Tenant’s employees, invitees, guests and customers shall have the right to use the access roads, parking areas, and facilities within the Property, exclusive of the Building, which areas and facilities are referred to herein as the
“Outside Areas.” This right shall terminate upon the termination of this Lease. Landlord reserves the right from time to time to make changes in the shape, size, location, amount and extent of the Outside Areas. 

(b) Landlord shall operate, manage and maintain the Outside Areas, and landscaping and the surface of the exterior walls. The manner in which
the Outside Areas shall be maintained and the expenditures for such maintenance shall be at the discretion of Landlord. 
 (c) No materials,
supplies, equipment, finished products or semi-finished products, raw materials or articles of any nature shall be stored upon or permitted to remain outside of the Building, except with the prior written consent of the Landlord. No waste materials
or refuse shall be dumped upon or permitted to remain upon any part of the Property outside of the Building, unless approved by Landlord. 

  
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 (d) Tenant shall not use solid hard tires on any fork lifts or dollies on paved parking, truck
loading or driveway areas, and in the event Tenant violates this provision, Tenant shall be responsible for the cost of resurfacing the entire damaged area. 

44. Parking. Tenant shall have the exclusive right to use the parking areas on the Property during the Term of this Lease. Tenant shall
not at any time park or permit the parking of Tenant’s trucks or other vehicles, or the trucks or other vehicles of others in driveways or adjacent to loading areas as to interfere in any way with the use of such areas, nor shall Tenant at any
time park or permit the parking of Tenant vehicles or trucks, or the vehicles or trucks of Tenant’s suppliers or invitees in any portion of the parking areas not designated by Landlord for such use by Tenant. Tenant shall not park or permit to
be parked inoperative vehicles or equipment on any portion of the Outside Areas and agrees that no vehicle will be parked on the Outside Areas for longer than eighteen (18) hours in any twenty-four (24) hour period. 

45. Option to Extend. 

(a) Option Term. Provided that Tenant is not in default hereunder, either at the time of exercise or at the time the extended Term
commences, Tenant shall have the option to extend the initial Term of this Lease for one (1) additional period of one (1) year (an “Option Period”) with respect to all of the Premises, on the same terms, covenants and
conditions provided herein, except that the Option Period Base Rent due hereunder shall be the then fair market rental value of the Premises, as determined pursuant to Paragraph 45(b). Tenant shall exercise its option, if at all, by giving
Landlord written notice (the “Option Notice”) at least nine (9) months but not more than twelve (12) months prior to the expiration of the initial Term of this Lease. 

(b) Option Period Rent. 

(1) The “then fair market rental value of the Premises” shall be defined to mean the fair market rental value of the Premises as of
the commencement of the Option Period, taking into consideration the uses permitted under this Lease, the quality, size, design and location of the Premises, and the rent for comparable buildings located in Sunnyvale, and shall be determined as
follows. The parties shall have thirty (30) days after Landlord receives the Option Notice within which to agree on the then fair market rental value of the Premises. If the parties so agree within said period, they shall immediately execute an
amendment to this Lease stating the Base Rent for the Option Period based upon the then fair market rental value of the Premises. If the parties are unable to so agree within said period then the then fair market rental value of the Premises shall
be determined in accordance with Paragraph 45(b)(2). 
 (2) Within seven (7) days after the expiration of the thirty (30) day
period set forth in Paragraph 45(b)(i), each party, at its cost and by giving notice to the other party, shall appoint an independent real estate appraiser with at least five (5) years’ full-time commercial appraisal experience in the area
in which the Premises are located to determine the then fair market rental value of the Premises for the Option Period. If a party does not appoint an appraiser within ten (10) days after the other party has given notice of the name of its
appraiser, the single appraiser appointed shall be the sole appraiser and shall determine the then fair market 

  
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rental value of the Premises. If the two (2) appraisers are appointed by the parties as stated in this paragraph, they shall meet promptly and attempt to determine the then fair market
rental value of the Premises. If they are unable to agree within thirty (30) days after the second appraiser has been appointed, they shall attempt to elect a third appraiser meeting the qualifications stated in this paragraph within ten
(10) days after the last day the two (2) appraisers are given to determine the then fair market rental value of the Premises. If they are unable to agree on the third appraiser, either of the parties to this Lease, by giving ten
(10) days’ notice to the other party, can apply to the Santa Clara County Superior Court, for the selection of a third appraiser who meets the qualifications stated in this paragraph. Each of the parties shall bear one-half (1/2) of
the cost of appointing the third appraiser and of paying the third appraiser’s fee. The third appraiser, however selected, shall be a person who has not previously acted in any capacity for either party. 

Within thirty (30) days after the selection of the third appraiser, a majority of the appraisers shall determine the then fair market
rental value of the Premises for the Option Period in question. If a majority of the appraisers are unable to do so within said period of time, the three (3) appraisals shall be added together and their total divided by three (3); the resulting
quotient shall be deemed to be the then fair market rental value of the Premises. If, however, the low appraisal and/or the high appraisal are/is more than ten percent (10%) lower or higher, respectively, than the middle appraisal, then the low
appraisal and/or the high appraisal, respectively, shall be disregarded. If only one appraisal is disregarded, the remaining two (2) appraisals shall be added together and their total divided by two (2); the resulting quotient shall be deemed
to be the then fair market rental value of the Premises. If both the low appraisal and the high appraisal are disregarded as stated in this paragraph, then only the middle appraisal shall be used as the result of the appraisal. After the fair market
rental value of the Premises has been determined, the appraisers shall immediately notify the parties and the parties shall amend this Lease to set forth the Base Rent for the Option Period based upon the then fair market rental value of the
Premises. 
 (c) Rights Personal to Tenant. The option to extend the Term set forth herein is personal to Aerohive Networks
Incorporated and its Permitted Transferees and shall not be transferred or assigned to any third party. 
 46. Interest on Past Due
Obligations. Any Base Rent or Additional Rent due Landlord hereunder, other than late charges, not received by Landlord within thirty (30) days following the date on which it was due, shall bear interest from the thirty-first
(31st) day after it was due at the rate of 10% per annum, but not exceeding the maximum rate allowed by law (the “Interest Rate”), in addition to the late charge provided for in Paragraph 5. 

47. Confidentiality. Except as required by applicable law, the Securities and Exchange Commission regulations, or any securities
listing agency rules or requirements, Landlord and Tenant each agree to keep the terms and conditions of this Lease confidential and neither party shall disclose any such terms to a third party without the prior written consent of the other,
provided, however, that the foregoing shall not prohibit Tenant from presenting a copy of this Lease to a prospective assignee, sublessee, lender, investor, financing or joint venture partner, or purchaser nor shall it prohibit Landlord from
presenting a copy of this Lease to a prospective lender or purchaser of the Building or the Property. 

  
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 48. Tenant’s Remedy. If, as a consequence of a default by Landlord under this Lease,
Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Property and
out of Rent or other income received by Landlord from the Property or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or interest in the Property, and neither Landlord
nor its Agents shall be liable for any deficiency. 
 Landlord and Tenant have executed and delivered this Lease as of the date first
hereinabove set forth. 
  

											
	LANDLORD:	  		  	TENANT:
			
	Hanover Properties Ltd., a California limited partnership	  		  	 Aerohive Networks Incorporated,
 a
Delaware corporation

					
	By:	  	 The Christensen Company, LLC,
 a
California limited liability company,
 General Partner
	  		  	 By:
  

Name:
	  	 /s/ Steve Debenham
  

Steve Debenham

						
		  	By:	  	 /s/ Gavin Christensen
	  		  	Title:	  	V.P., General Counsel
		  		  	Gavin Christensen, Co-Manager	  		  		  	

  
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 EXHIBIT A 

THE PREMISES 
  

 

  
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 EXHIBIT B 

THE PROPERTY 
 All that certain real
property located in the City of Sunnyvale, County of Santa Clara, State of California, described as follows: 
 All of Parcel 7, as shown on that certain
Map entitled, “Parcel Map being a resubdivision of Parcel 2 as shown on that certain Parcel Map recorded in Book 400 of Maps, at Page 41, Santa Clara County Records,” which Map was filed for record in the Office of the Record of Santa
Clara County, State of California, on October 17, 1977 in Book 405 of Maps, Page 49. 

  
 -1- 

 EXHIBIT C 

COMMENCEMENT DATE MEMORANDUM 
  

			
	LANDLORD:	  	Hanover Properties Ltd.
		
	TENANT:	  	Aerohive Networks Incorporated
		
	LEASE DATE:            	  	May 2, 2013
		
	PREMISES:	  	1213 Innsbruck Drive, Sunnyvale, California

 Pursuant to Paragraph 3(a) of the above referenced Lease, the Commencement Date is hereby established as
                    , 2013. 
  

							
		 		 	TENANT
			
	Dated:                     	 		 	Aerohive Networks Incorporated,
		 		 	a Delaware corporation
				
		 		 	By:	 	  

				
		 		 	Name:	 	  

				
		 		 	Title:	 	  

			
		 		 	LANDLORD
			
	Dated:                     	 		 	Hanover Properties Ltd., a California limited partnership
				
		 		 	By:	 	The Christensen Company, LLC, a California limited liability company, General Partner
				
		 		 	By:	 	  

		 		 		 	Gavin Christensen, Co-Manager

  
 -1- 

 EXHIBIT D 

WORK LETTER AGREEMENT 
 In
connection with any improvements to be installed on the Premises by Landlord (the “Tenant Improvements”), the parties hereby agree as follows: 

1. Plans and Specifications for Tenant Improvements. Landlord and Tenant have reviewed and approved the space plan and description of
the Tenant Improvements to be completed to the Premises attached hereto as EXHIBIT D-1 (the “Approved Space Plan”). Landlord shall cause its architect to prepare and submit to Tenant final working architectural
and engineering plans and specifications for the Tenant Improvements based upon the approved Space Plan (“Final Plans and Specifications”). Tenant shall cooperate diligently with Landlord’s architect, and shall furnish
to such architect, within five (5) days after written request therefor, all information required by Landlord’s architect for the completion of the Final Plans and Specifications. Tenant shall notify Landlord of Tenant’s approval or
disapproval of the Final Plans and Specifications within five (5) days after Tenant’s receipt thereof. If Tenant disapproves any part of the Final Plans and Specifications, Tenant’s disapproval shall provide objections with sufficient
particularity for the architect to revise the Final Plans and Specifications. Such revisions shall be subject to Landlord and Tenant’s approval, which shall not be unreasonably withheld or delayed. 

2. Construction and Work Quality. Landlord shall construct or install the Tenant Improvements in a good and workmanlike manner in
compliance with the Final Plans and Specifications approved by Landlord and Tenant and all applicable laws, rules, regulations. Landlord shall arrange for the Tenant Improvements to be fully warranted (labor and materials) by the general contractor
for a period of one (1) year after the completion thereof. 
 3. Payment of Tenant Improvements Cost. Landlord shall construct,
at its sole cost and expense, the Tenant Improvements shown on the Approved Space Plan, using building standard finishes and materials, or such materials and finishes as may be set forth on the Approved Space Plan. If Tenant requests any changes or
substitutions to the Tenant Improvements shown and described on the approved Space Plan, any additional costs therefore, including architectural and space planning fees resulting from such changes, shall be paid by Tenant to Landlord within thirty
(30) days after Landlord has provided Tenant with an itemized invoice for such additional costs. 
 4. Change Requests. No
revisions to the Approved Space Plan or the approved Final Plans and Specifications shall be made by either Landlord or Tenant unless approved in writing by both parties. Landlord agrees to make all changes: (i) required by any public agency to
comply with governmental regulations or other applicable laws, or (ii) reasonably requested in writing by Tenant and approved by Landlord, which approval shall not be unreasonably withheld. Any costs related to any changes requested by Tenant
shall be paid for by Tenant as set forth in Paragraph 3. Costs related to such changes shall include, without limitation, any architectural or design fees and Landlord’s general contractor’s price for effecting the change. 

  
 -1- 

 EXHIBIT D-1 

APPROVED SPACE PLAN 
  

 

  
 -2- 

 EXHIBIT D-1 

DESCRIPTION OF TENANT IMPROVEMENTS 
  

	1)	Conference Room 

 Following building support poles construct below grid walls, room dimension
roughly 22’x38’. 
 - On wall opposite and parallel to front exterior wall supply interior aluminum frame system with 3/8”
glazing, include two wood (maple) doors as shown. 
 - Separate lighting switch(s) for the new room, and adjust ceiling light locations
appropriately. 
 - 1 floor monument for power and data in center of room 

- Power in ceiling for install of future ceiling mounted projector 
  

	2)	Coffee bar 

 - Provide and install 4’ of upper and lower casework in standard P-Lam colors.

 - Install sink, water line, and drain. 
  

	3)	Complete glass conference room 

 - Install four 1/4” sidelights with aluminum frames to
match existing. 
 - New wood door to match existing as shown. 
  

	4a)	Install 1 new double wood lockable door. 

  

	5)	Remove cyclone fencing 

  

	6)	New “lab” 

 Provide new carpet to match existing in adjacent office space as close as
possible. 

  
 -3- 

 1213 Innsbruck Drive 

Sunnyvale, California 
 FIRST
AMENDMENT TO LEASE 
 dated May 2, 2013 

between Hanover Properties Ltd., Landlord 

and 
 Aerohive Networks
Incorporated, a Delaware corporation, Tenant 
 It is hereby agreed that the subject lease is amended as follows: 

 

	 	1)	Early Entry. Tenant shall be permitted to enter the Premises upon execution of this Amendment by Landlord and Tenant for purposes of installing Tenant’s furniture, fixtures and equipment and other personal
property (collectively, “Tenant’s Personal Property”) in the Premises and otherwise preparing the Premises for Tenant’s occupancy, so long as such early entry does not interfere with Landlord’s completion of the
Tenant Improvements. Such early entry shall be at Tenant’s sole risk and subject to all the terms and provisions of the Lease, except for the payment of Base Rent and Additional Rent, which shall commence on the dates set forth in the Lease.
Upon reasonable notice, Landlord shall have the right to impose such additional conditions on Tenant’s early entry as Landlord shall deem appropriate. Tenant agrees to be responsible for, and contract directly with PG&E for, all electric
and gas utilities upon their early entry. Prior to any such entry, Tenant shall deliver to Landlord the insurance certificate required under Paragraph 14 of the Lease. 

 

	 	2)	All other terms and conditions of the Lease and any prior amendments not in conflict with the above shall remain in full force and effect. 

AGREED: 
 Date: 5/23/2013 

 

									
	Landlord:	 		 	Tenant:
	Hanover Properties, Ltd.	 		 	 Aerohive Networks Incorporated, a

Delaware corporation

	by	 	The Christensen Company, LLC	 		 		 	
		 	General Partner	 		 		 	
		 		 		 	Aerohive Networks Incorporated
					
	By:	 	 /s/ Gavin Christensen
	 		 	By:	 	 /s/ Steve Debenham

		 	Gavin Christensen, Co-Manager	 		 		 	
		 		 		 		 	Its: V.P., General Counsel

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