Document:

EX-10.10

 Exhibit 10.10 

OFFICE LEASE 
 by and
between 
 KBSIII ALMADEN FINANCIAL PLAZA, LLC 

a Delaware limited liability company 

(“Landlord”) 

and 
 ZOOM VIDEO
COMMUNICATIONS, INC. 
 a Delaware corporation 

(“Tenant”) 

Dated as of 

August 1, 2016 

 OFFICE LEASE 

THIS OFFICE LEASE (this “Lease”) is made between KBSIII ALMADEN FINANCIAL PLAZA, LLC a Delaware limited liability
company (“Landlord”), and the Tenant described in Item 1 of the Basic Lease Provisions. 
 LEASE OF PREMISES

 Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, subject to all of the terms and conditions set forth herein
those certain premises (the “Premises”) described in Item 3 of the Basic Lease Provisions and as shown in the drawing attached hereto as Exhibit A-1. The Premises are located in
the Building described in Item 2 of the Basic Lease Provisions. The Building is located on that certain land (the “Land”) more particularly described on Exhibit A-2
attached here to, which is also improved with landscaping, parking facilities and other improvements, fixtures and common areas and appurtenances now or hereafter placed, constructed or erected on the Land (sometimes referred to herein as the
“Project”). 
 BASIC LEASE PROVISIONS 
  

			
	 1.  Tenant:
	  	ZOOM VIDEO COMMUNICATIONS, INC., a Delaware corporation (“Tenant”)
		
	 2.  Building:
	  	The Almaden
55 Almaden Boulevard
San Jose, California 95113
		
	 3.  Description of Premises:
	  	Suite: 500
		
	 Rentable Area:
	  	17 639 square feet; provided, however, pursuant to Paragraph 1(d) of the Lease Tenant is currently subleasing that certain space containing 17,514 square feet of Rentable Area designated as Suite 600 (the “Suite 600
Space”) in the Building. Upon both the expiration of the Tenants Sublease and the Armanino Lease (each as defined in Paragraph l(d) below) with respect to the Suite 600 Space, the “Premises” shall be expanded to
include the Suite 600 Space for a total of 35,153 square feet of Rentable Area. The Armanino Lease and the Tenant’s Sublease are currently scheduled to expire on October 31, 2018 so that the commencement date with respect to the Suite 600
Space is estimated to occur on or about November 1, 2018 (the “Estimated Suite 600 Commencement Date”).
		
	 Building Size:
	  	140,220 square feet (subject to Paragraph 18)
		
	 Project Size:
	  	416,126 square feet (subject to Paragraph 18)
		
	 4.  Tenant’s Proportionate Share of Building:
	  	12.5795% (17,639 rsf / 140,220 rsf) (See Paragraph 3)
		
	 Tenant’s Proportionate Share of Project:
	  	 4.2389% (17,639 rsf / 416,126 rsf) (See Paragraph 3)
  

Commencing on the Suite 600 Commencement Date (as defined in Paragraph 1(d) below) and continuing thereafter through the remainder of the Lease Term,
(i) the Tenant’s Proportionate Share of the Building shall be amended to be 25.0699% (35 153 rsf / 140 220 rsf) and (ii) the Tenant’s Proportionate Share of the Project shall be amended to be 8.4477% (35,153 rsf/ 416,126
rsf).

			
	 5.  Basic Annual Rent:
	  	(See Paragraph 2)
		
	 Months 01 to 12*. inclusive:
Monthly Installment:
	  	$31,311.00* ($3.55/square foot of Rentable Area/month)
		
	 *If the Commencement Date is a day other than the first day of a calendar month, then this period shall be twelve
(12) full calendar months plus the partial month in which the Commencement Date occurs so that each subsequent rental period shall occur on the first day of a calendar month.
	  	*During this period the Basic Annual Rent shall be calculated only on 8,820 square feet of Rentable Area and the Basic Annual Rent attributable to the remaining 8,819 square feet of Rentable Area shall be abated. For purposes of
calculating the Termination Fee payable in connection with Addendum Three attached hereto, the total Basic Annual Rent abated rent during this period is estimated to be $375 689.40. To the extent the Suite 600 Commencement Date occur during this
period then the monthly installment of Basic Annual Rent payable by Tenant shall be increased in accordance with Paragraph 1(d) below.
		
	 Months 13 to 24, inclusive:
Monthly Installment:
	  	$64,558.74* ($3.66/square foot of Rentable Area/month)
		
		  	*To the extent the Suite 600 Commencement Date occurs during this period, then the monthly installment of Basic Annual Rent payable by Tenant shall be increased in accordance with Paragraph 1(d) below.
		
	 Months 25 to 36, inclusive:
Monthly Installment:
	  	  
 $66,499.03 ($3.77/square foot of Rentable Area/month); provided,
however from and after the Estimated Suite 600 Commencement Date and continuing for the remainder of this period the monthly installment of Basic Annual Rent shall be equal to $132,526.81 (which is equal to $3.77/square foot of Rentable Area/month
for the initial Premises plus the Suite 600 Space)

		
	 Months 37 to 48, inclusive:
Monthly Installment:
	  	$136,393.64 ($3.88/square foot of Rentable Area/month)
		
	 Months 49 to 60, inclusive:
Monthly Installment:
	  	$140,612.00 ($4.00/square foot of Rentable Area/month)
		
	 6.  Installment Payable Upon Execution:
	  	$31,311.00 (to be applied towards the initial installment of Basic Annual Rent due hereunder)
		
	 7.  Security Deposit Payable Upon Execution:
	  	$175,000.00, in the form of a letter of credit (See Paragraph 2(c))
		
	 8.  Base Year for Operating Costs:
	  	2016 (See Paragraph 3)

  
 3. 

			
	 9.  Initial Term:
	  	Sixty (60) full calendar months plus, if the Commencement Date occurs on a day other than the first day of a calendar month the partial month in which the Commencement Date occurs (See Paragraph 1)
		
	 10.  Estimated Commencement Date:
	  	September 1, 2016
		
	 11.  Estimated Termination Date:
	  	August 31, 2021
		
	 12.  Broker(s) (See Paragraph 19(k)):
	  	
		
	 Landlord’s Broker:
	  	Cushman & Wakefield
300 Santana Row, Fifth Floor
San Jose, California 95128
		
	 Tenant’s Broker:
	  	Newmark Cornish & Carey
2804 Mission College Blvd. Suite 120
Santa Clara, California 95054
		
	 13.  Number of Parking Spaces:
	  	A total of fifty-four (54) unreserved parking spaces at an additional charge equal to the then prevailing rate charged by Landlord for the use of such spaces (which as of the Date of this Lease is equal to $120.00 per
unreserved space per month) as such rate is subject to change from time to time, plus applicable taxes; provided, however during the Initial Term the parking rate charged for such unreserved space shall not increase by more than the greater of
(i) three percent (3%) per year, cumulative and compounding or (ii) the CPI Increase (as defined in Paragraph 18(a) below). Notwithstanding the foregoing to the contrary, the parking rate for twenty-seven (27) of such parking
spaces shall be abated during the initial twelve (12) month period following the Commencement Date (and such parking charge abatement shall be factored into the Termination Fee payable under Addendum Three hereof). Commencing on the Suite 600
Commencement Date, Tenant shall be allocated an additional fifty-four (54) unreserved parking spaces (i. e. which are allocable to the Suite 600 Space) at an additional charge equal to the then prevailing rate charged by Landlord for the use of
such spaces, as such rate is subject to change from time to time plus applicable taxes. (See Paragraph 18)
		
	 14.  Addresses for Notices:
	  	
		
	 To:         TENANT: 

 
 Prior to occupancy of the Premises:

 
 Zoom Video Communications. Inc.
55 Almaden, Suite 600
San
Jose, California 95113
	  	 To:        LANDLORD: 

 
 Project Management Office:

 
 KBSIII Almaden Financial Plaza, LLC
c/o Embarcadero Realty Services LP
One
Almaden Boulevard Suite 501
San Jose California 95113
Attention: Property Manager

  
 4. 

			
	 After occupancy of the Premises:
  

Zoom Video Communications. Inc.
55 Almaden, Suite 500
San Jose, California 95113
	  	 With a copy to:
  

KBS Capital Advisors, LLC
800 Newport Center Drive, Suite 700
Newport Beach, California 92660
Attn: Brent Carroll, Senior Vice President

		
	 15.  Place of Payment:
	  	All payments payable under this Lease shall be sent to Landlord at the Project Management Office at the address specified in Item 14 or to such other address as Landlord may designate in writing.
		
	 16.  Guarantor:
	  	None
		
	 17.  Date of this Lease:
	  	See cover page
		
	 18.  Tenant Improvements:
	  	See Exhibit B
		
	 19.  The “State” is the State of California.
	  	

 This Lease consists of the foregoing introductory paragraphs and Basic Lease Provisions, the provisions of the Standard Lease
Provisions (the “Standard Lease Provisions”) (consisting of Paragraphs 1 through Paragraph 19 which follow) and Exhibits A-I through Exhibit A-3 and Exhibits B through Exhibit J, and the following Addenda: Addendum One: Two Renewal Options al Market, Addendum Two:
One-Time Right of First Offer, and Addendum Three: Cancellation Option, all of which are incorporated herein by this reference. In the event of any conflict between the provisions of the Basic Lease
Provisions and the provisions of the Standard Lease Provisions, the Standard Lease Provisions shall control. 

  
 5. 

 STANDARD LEASE PROVISIONS 

 

	1.	 TERM 

(a)    The Initial Term of this Lease and the Rent (defined below) shall commence on the earliest of (i) the date that
the Tenant Improvements are Substantially Completed, or (ii) the date the Tenant Improvements would have been Substantially Completed except for Tenant Delays or (iii) the date that Tenant, or any person occupying any of the Premises with
Tenants permission, commences business operations from the Premises or (iv) September 1, 2016 (the “Commencement Date”), and the Termination Date shall mean the last day of the calendar month following the sixtieth (60th)
full calendar month anniversary of the Commencement Date (the “Termination Date”). Unless earlier terminated in accordance with the provisions hereof the Initial Term of this Lease shall be the period shown in Item 9 of the
Basic Lease Provision. As used herein, “Lease Term” shall mean the Initial Term referred to in Item 9 of the Basic Lease Provisions subject to any extension of the Initial Term hereof exercised in accordance with the terms
and conditions expressly set forth herein. This Lease shall be a binding contractual obligation effective upon execution hereof by Landlord and Tenant, notwithstanding the later commencement of the Initial Term of this Lease. The terms
“Tenant Improvements” and “Substantial Completion” or “Substantially Completed” are defined in the attached Exhibit B Work Letter. “Tenant Delays” consist of those
delays defined in Exhibit B. 
 (b)    The Premises will be delivered to Tenant when the Tenant
Improvement have been Substantially Completed. If delivery of the Premises is delayed or otherwise does not occur on the Estimated Commencement Date, set forth in Item 10 of the Basic Lease Provisions, this Lease shall not be void or
voidable, nor shall Landlord be liable to Tenant for any loss or damage resulting therefrom and in no event shall the Commencement Date be deferred (i.e., in no event shall the Commencement Date be later than September I 2016 even if the Tenant
Improvements are not Substantially Completed by such date). Beginning no earlier than fourteen {14) days prior to the date on which the Landlord estimates the Tenant Improvements will be Substantially Completed will occur (such date being referred
to herein as the “Pre-Completion Access Date”) and ending on the day immediately preceding the date that the Tenant Improvements have been Substantially Completed (such period being referred
to as the “Pre-Completion Access Period”), Tenant, and Tenant’s contractors reasonably approved by Landlord may access the Premises (the
“Pre-Completion Access”) for the sole purpose of installing Tenant’s furniture equipment computer and phone cabling and wiring systems in the Premises ; provided, however Tenant and/or
Tenant’s contractors, must coordinate all access to the Premises during such Pre-Completion Access Period with the Property Manager of the Building prior to such access. All terms, conditions rules
regulations and obligations of Tenant, as set forth in this Lease, shall apply during the Pre-Completion Access Period. Tenant, and its approved contractors, shall not interfere with the completion of
construction of the Tenant Improvement or cause any labor dispute as a result of such Pre-Completion Access, and Tenant hereby agrees to indemnify, defend and hold Landlord harmless from any loss or damage to
such property and all liability loss or damage arising from any injury to the Project Building or the property of Landlord its contractors, subcontractors or materialmen and any death or personal injury to any person or persons arising out of such Pre-Completion Access EVEN IF SUCH LOSS DAMAGE, LIABILITY, DEATH, OR PERSONAL INJURY WAS CAUSED SOLELY OR IN PART BY LANDLORDS NEGLIGENCE, BUT NOT TO THE EXTENT CAUSED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT
OF LANDLORD. Any such Pre-Completion Access shall be subject to Tenant providing to Landlord satisfactory evidence of insurance for personal injury and property damage related to such Pre-Completion Access Period prior to the commencement of the Pre-Completion Access Period, including such insurance from Tenant’s contractors, as required by Landlord
for third party contractors working in the Building. Any delay in putting Tenant in possession of the Premises due to such Pre-Completion Access Period shall not serve to extend the Lease Term of this Lease or
to make Landlord liable for any damages arising therefrom. 
 (c)    Upon Substantial Completion of the Tenant
Improvements, Landlord shall prepare and deliver to Tenant, a Tenant Commencement Certificate in the form of Exhibit F attached hereto (the “Certificate”) which Tenant shall acknowledge by executing a copy and returning it to
Landlord. If upon receipt of the Certificate, Tenant believes Substantial Completion of the Tenant Improvements has not occurred, Tenant shall provide written notice (“Incompletion Notice”) to Landlord specifying the particular
Tenant Improvements which have not been Substantially Completed. Landlord shall then Substantially Complete the Tenant Improvements specified in the Incompletion Notice or, if Landlord disagrees with die Incompletion Notice, refer the matter to the
Architect (as defined in the Work Letter attached hereto as Exhibit B) for resolution of whether Substantial Completion has occurred. If Tenant fails to sign and return the Certificate or an Incompletion Notice to Landlord within ten
(10) days 

  
 6. 

 
of receipt of the Certificate from Landlord the Certificate as sent by Landlord shall be deemed to have correctly set forth the Commencement Date and the other matters addressed in the
Certificate. Failure of Landlord to send the Certificate shall have no effect on the Commencement Date. 

(d)    Landlord is currently leasing the Suite 600 Space to Armanino LLP (“Armanino”) pursuant to a lease
agreement (the “Armanino Lease”) scheduled to expire on October 31, 2018. Tenant is leasing the Suite 600 Space from Armanino pursuant to a sublease agreement (the “Tenant’s Sublease”) which is also
scheduled to expire on October 31, 2018. The parties hereby anticipate that upon the expiration of the Armanino Lease and the Tenant’s Sublease that the Premises shall be expanded to include the Suite 600 Space. Landlord shall deliver the
Suite 600 Space to Tenant upon the date that the Armanino Lease expires or is earlier terminated and Armanino surrenders the Suite 600 Space to Landlord. The date of delivery of the Suite 600 Space to Tenant by Landlord shall be known as the
“Suite 600 Commencement Date” and Tenant acknowledges that such Suite 600 Commencement Date may occur prior to the Estimated Suite 600 Commencement Date in the event the Armanino Lease is terminated prior to its scheduled expiration
date. ln the event the Suite 600 Commencement Date occurs prior to the Estimated Suite 600 Commencement Date, then, for the time period commencing on the Suite 600 Commencement Date and continuing thereafter through the day preceding the Estimated
Suite 600 Commencement Date in addition to the Basic Annual Rent, Additional Rent and other sums payable hereunder with respect to the initial Premises, Tenant shall also pay to Landlord an additional sum for the Suite 600 Space equal to the amount
that Armanino would have been required to pay to Landlord under the Armanino Lease during such period had the Armanino Lease not been terminated prior to its scheduled expiration. From and after the Estimated Suite 600 Commencement Date through the
remainder of the Lease Term, the Basic Annual Rent rate and Base Year attributable to the Suite 600 Space shall be the same Basic Annual Rent rate and Base Year that is then attributable to the initial Premises leased hereunder during such time
period (subject to periodic escalations as set forth herein). Tenant hereby acknowledges that its right to lease the Suite 600 Space from Landlord is subject and subordinate to any rights of renewal that Armanino has in the Armanino Lease. 

 

	2.	 BASIC ANNUAL RENT AND SECURITY DEPOSIT 

(a)    Tenant agrees to pay during each Lease Year (defined below) of the Lease Term as Basic Annual Rent (“Basic
Annual Rent”) for the Premises the sums shown for such periods in Item 5 of the Basic Lease Provisions. For purposes of this Lease, a “Lease Year” shall be each twelve (12) calendar month period commencing on
the Commencement Date (or anniversary thereof); provided, however, that if the Commencement Date is not the first of a month, then the first Lease Year shall also include the partial month in which the Commencement Date occurred. 

(b)    Except as expressly provided to the contrary here in, Basic Annual Rent shall be payable in consecutive monthly
installments, in advance without demand, deduction or offset commencing on the Commencement Date and continuing on the first day of each calendar month thereafter until the expiration of the Lease Term. The first full monthly installment of Basic
Annual Rent shall be payable upon Tenant’s execution of this Lease. The obligation of Tenant to pay Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. If the Commencement Date is a day
other than the first day of a calendar month or the Lease Term expires on a day other than the last day of a calendar month, then the Rent for such partial month shall be calculated on a per diem basis. In the event Landlord delivers possession of
the Premises to Tenant prior to the Commencement Date, Tenant agrees it shall be bound by and subject to all terms, covenants, conditions and obligations of this Lease during the period between the date possession is delivered and the Commencement
Date other than the payment of Basic Annual Rent in the same manner as if delivery had occurred on the Commencement Date. 

(c)    Simultaneously with the execution of this Lease, Tenant shall deliver to Landlord a Letter of Credit (the
“Letter of Credit”), in form and substance as set forth in Exhibit H attached hereto or otherwise satisfactory to Landlord in its reasonable discretion, from a bank acceptable to Landlord in Landlord s reasonable
determination in the initial amount of the Security Deposit, as set forth in Item 7 of the Basic Lease Provisions as security for the performance of the provisions hereof by Tenant, if applicable. At a minimum the Letter of Credit
shall provide for the following: (i) it shall terminate no sooner than thirty days following the actual expiration date of the Lease Term, or, if it shall terminate earlier the Letter of Credit shall provide that it will automatically renew or
be replaced annually unless Landlord (the beneficiary thereof) is notified in writing by the issuer at least thirty (30) days prior to the expiry date that the Letter of Credit will not be renewed or replaced; and if Landlord is so notified of
such non-renewal/non-replacement, 

  
 7. 

 
Landlord (the beneficiary thereof) shall have the right to draw the full amount of such Letter of Credit prior to such earlier expiry date and the amounts so drawn shall be held by Landlord as a
Security Deposit, and applied and disbursed in accordance with the terms of the next following paragraph; (b) it shall be irrevocable and (c) it shall be transferable to any successor to Landlord’s interest under this Lease. If at any
time during the Lease Term the bank or financial institution that issues the letter of credit is declared insolvent or is placed into receivership by the Federal Deposit Insurance Corporation or any other governmental or quasi-governmental
institution, or if there is a material adverse change in the financial or business condition of the bank or financial institution from the date of the Lease as reasonably determined by Landlord, then following written notice from Landlord, Tenant
shall have ten (10) business days to replace the Letter of Credit with a new letter of credit from a bank or financial institution acceptable to Landlord in Landlord’s reasonable discretion. If Tenant does not replace the Letter of Credit
with a new letter of credit from a bank or financial institution acceptable to Landlord within such ten (10) business day period, then notwithstanding anything in the Lease to the contrary, Tenant shall be in default and Landlord shall have the
right to draw upon the Letter of Credit for the full amount of the Letter of Credit and apply the proceeds thereof in accordance with the terms and conditions of this Paragraph 2(c). 

If Tenant defaults with respect to any provision of this Lease, including, without limitation the provisions relating to the payment of Rent
or the cleaning of the Premises upon the termination of this Lease, or amounts which Landlord may be entitled to recover pursuant to the provisions of Section 1951.2 of the California Civil Code Landlord may draw down the Letter of Credit and
use, apply or retain such portion of the proceeds from the Letter of Credit as may be necessary (i) for the payment of any Rent or any other sum in default, (ii) for the payment of any other amount which Landlord may spend or become
obligated to spend by reason of Tenant s default hereunder or (iii) to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant’s default hereunder including, without limitation, costs and reasonable
attorneys’ fees incurred by Landlord to recover possession of the Premises following a default by Tenant hereunder. The use or application of the proceed from the Letter of Credit or any portion thereof shall not prevent Landlord from
exercising any other right or remedy provided hereunder or under any Law and shall not be construed as liquidated damages. In the event Landlord draws down the Letter of Credit pursuant to the terms of this Lease, Landlord shall riot be required to
keep the proceeds of the Letter of Credit separate from its general funds and Tenant shall not be entitled to interest thereon. 
 If any
portion of the Letter of Credit is so used or applied Tenant shall upon demand therefor, deposit cash with Landlord in an amount sufficient to restore the Security Deposit within five (5) business days to the appropriate amount as determined
hereunder. If Tenant shall fully perform every provision of this Lease to be performed by it, the Security Deposit or any balance thereof shall be returned to Tenant (or, at Landlord’s option, to the last assignee of Tenant’s interest
hereunder) within thirty (30) days following the expiration or sooner termination of this Lease; provided, however, that Landlord may retain the Security Deposit until such time as any amount due from Tenant in accordance with Paragraph
3 below has been determined and paid to Landlord in full. 
 (d)    The parties agree that for all purposes
hereunder the Premises shall be stipulated to contain the number of square feet of Rentable Area described in Item 3 of the Basic Lease Provisions. Upon the request of Landlord Landlord’s space planner shall verify the exact number of
square feet of Rentable Area in the Premises. In the event there is a variation of three percent (3%) or more from the number of square feet specified in Item 3 of the Basic Lease Provisions Landlord and Tenant shall execute an amendment to
this Lease for the purpose of making appropriate adjustments to the Basic Annual Rent, the Security Deposit, Tenant’s Proportionate Share and such other provisions hereof as shall be appropriate under the circumstances. Landlord calculated the
Rentable Area described in Item 3 of the Basic Lease Provisions using the definition of Rentable Area contained in Exhibit A-3 of this Lease. 

 

	3.	 ADDITIONAL RENT 

(a)    If Operating Costs (defined below) for the Project for any calendar year during the Lease Term exceed Base Operating
Costs (defined below), Tenant shall pay to Landlord as additional rent (“Additional Rent”) an amount equal to Tenant’s Proportionate Share (defined below) of such excess. 

(b)    “Tenant’s Proportionate Share” is, subject to the provisions of Paragraph 18, the
percentage number described in Item 4 of the Basic Lease Provisions. Tenant’s Proportionate Share represents, subject to the provisions of Paragraph 18, a fraction, the numerator of which is the number of square feet of Rentable
Area in the Premises and the denominator of which is the number of square feet of Rentable Area in the Building or the Project, as determined 

  
 8. 

 
by Landlord pursuant to Paragraph 18. Notwithstanding the foregoing to the contrary, subject to the terms of Paragraph 1(d) above, during the initial twelve
(12) month period following the Commencement Date, the Additional Rent shall be abated for that portion of the Premises consisting of 8,819 square feet of Rentable Area (i.e., being the same portion that the Basic Annual Rent is abated
during this period as set forth in Item 5 of the Basic Lease Provisions), so that for purposes of calculating the Additional Rent during this Period (i) the Tenant’s Proportionate Share of the Building shall be amended to be 6.2901%
(8,820 rsf / 140,220 rsf) and (ii) the Tenant’s Proportionate Share of the Project shall be amended to be 2.1196% (8,820 rsf / 416,126 rsf). 

(c)    “Base Operating Costs” means all Operating Costs incurred or payable by Landlord during the
calendar year specified as Tenant s Base Year in Item 8 of the Basic Lease Provisions. 

(d)    “Operating Costs” means all costs, expenses and obligations incurred or payable by Landlord in
connection with the operation ownership, management, repair or maintenance of the Building and the Project during or allocable to the Lease Term including without limitation, the following: 

(i)    Any form of assessment, license fee, license tax, business license fee, commercial rental tax, levy,
charge, improvement bond tax, water and sewer rents and charges, utilities and communications taxes and charges or similar or dissimilar imposition imposed by any authority having the direct power to tax, including any city county, state or federal
government or any school agricultural lighting, drainage or other improvement or special assessment district thereof or any other governmental charge, general and special, ordinary and extraordinary, foreseen and unforeseen which may be assessed
against any legal or equitable interest of Landlord in the Premises, Building, Common Areas or Project (collectively, (“Real Estate Taxes”). Real Estate Taxes shall also include, without limitation: 

(A)    any tax on Landlord’s “right” to rent or “right” to other income from the
Premises or as against Landlord’s business of leasing the Premises; 
 (B)    any assessment, tax,
fee, levy or charge in substitution, partially or totally of any assessment, tax, fee, levy or charge previously included within the definition of real property tax it being acknowledged by Tenant and Landlord 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 services as fire protection, street, sidewalk and road maintenance, refuse removal
and for other governmental services formerly provided without charge to property owners or occupants. It is the intention of Tenant and Landlord that all such new and increased assessments, taxes, fees, levies and charges be included within the
definition of “Real Estate Taxes” for the purposes of this Lease; 
 (C)    any assessment,
tax, fee, levy or charge allocable to or measured by the area of the Premises or other premises in the Building or the rent payable by Tenant hereunder or other tenants of the Project, including, without limitation any gross receipts tax or excise
tax levied by state, city or federal government, or any political subdivision thereof, with respect to the receipt of such rent, or upon or with respect to the possession leasing operation management, maintenance, alteration, repair use or occupancy
by Tenant of the Premises, or any portion thereof but not on Landlord’s other operations; 

(D)    any assessment tax, fee, levy or charge upon this transaction or any document to which Tenant is a
party, creating or transferring an interest or an estate in the Premises; 
 (E)    any assessment, tax,
fee, levy or charge by any governmental agency related to any transportation plan, fund or system (including assessment districts) instituted within the geographic area of which the Project is a part; and/or 

(F)    any costs and expenses (including, without limitation, reasonable attorneys’ fees) incurred in
attempting to protest, reduce or minimize Real Estate Taxes. 
 Notwithstanding the foregoing, in no event shall Real Estate Taxes included in Operating
Costs for any year subsequent to the Base Year be less than Real Estate Taxes included in Operating Costs for the Base Year. 

  
 9. 

 (ii)    The cost of services and utilities (including
taxes and other charges incurred in connection therewith) provided to the Premises, the Building or the Project, including, without limitation water, power gas, sewer waste disposal, telephone and cable television facilities fuel supplies, equipment
tools, materials service contracts janitorial services, waste and refuse disposal window cleaning, maintenance and repair of sidewalks and Building exterior and services areas gardening and landscaping; insurance, including, but not limited to,
public liability, fire property damage, wind, hurricane earthquake, terrorism, flood, rental loss rent continuation, boiler machinery, business interruption, contractual indemnification and All Risk Causes of Loss - Special Form coverage insurance
for up to the full replacement cost of the Project and such other insurance as is customarily carried by operators of other similar class office buildings in the city in which the Project is located to the extent carried by Landlord in its
discretion and the deductible portion of any insured loss otherwise covered by such insurance; the cost of compensation, including employment, welfare and social security taxes, paid vacation days disability, pension, medical and other fringe
benefits of all persons (including independent contractors) who perform services for Landlord to the extent such services are connected with the operation, maintenance repair or replacement of the Project; any association assessments, costs dues
and/or expenses relating to the Project, personal property taxes on and maintenance and repair of equipment and other personal property used in connection with the operation, maintenance or repair of the Project ; repair and replacement of window
coverings provided by Landlord in the premises of tenant s in the Project; such reasonable auditors’ fees and legal fees as are incurred in connection with the operation, maintenance or repair of the Project; administration fees; a property
management fee (which fee may be imputed if Landlord has internalized management or otherwise acts as its own property manager); the maintenance of any easements or ground leases benefiting the Project whether by Landlord or by an independent
contractor; a reasonable allowance for depreciation of personal property used in the operation, maintenance or repair of the Project; license, permit and inspection fees; all costs and expenses required by any governmental or quasi-governmental
authority or by applicable la w, for any reason, including capital improvements whether capitalized or not, and the cost of any capital improvements made to the Project by Landlord that improve life-safety systems or reduce operating expenses and
the costs to replace items which Landlord would be obligated to maintain under the Lease (such costs to be amortized over such reasonable periods as Landlord shall reasonably determine together with interest thereon at the rate of ten percent (10%)
per annum or such other rate as may have been paid by Landlord on funds borrowed for the purpose of funding such improvements); the cost of air conditioning, heating, ventilating, plumbing, elevator maintenance and repair (to include the replacement
of components) and other mechanical and electrical systems repair and maintenance; sign maintenance; and Common Area (defined below) repair, resurfacing operation and maintenance; the reasonable cost for temporary lobby displays and events
commensurate with the operation of a similar class building, and the cost of providing security services, if any, deemed appropriate by Landlord. 

The following items shall be excluded from Operating Costs: 

(A)    leasing commissions, attorneys’ fees, costs and disbursements and other expenses incurred in
connection with leasing, renovating or improving vacant space in the Project for tenants or prospective tenants of the Project (including, without limitation, the costs of the Tenant Improvements being constructed pursuant to Exhibit B attached
hereto); 
 (B)    costs (including permit, license and inspection fees) incurred in renovating or
otherwise improving or decorating, painting or redecorating space for tenants or vacant space; 

(C)    Landlord’s costs of any services sold to tenants for which Landlord is entitled to be
reimbursed by such tenants as an additional charge or rental over and above the Basic Annual Rent and Operating Costs payable under the lease with such tenant or other occupant; 

(D)    any depreciation or amortization of the Project except as expressly permitted herein; 

(E)    costs incurred due to a violation of Law (defined below) by Landlord relating to the Project; 

  
 10. 

 (F)    interest on debt or amortization payments on any
mortgages or deeds of trust or any other debt for borrowed money; 
 (G)    all items and services for
which Tenant or other tenants reimburse Landlord outside of Operating Costs; 
 (H)    repairs or other
work occasioned by fire, windstorm or other work paid for through insurance or condemnation proceeds (excluding any deductible); and 

(I)    repairs resulting from any defect in the original design or construction of the Project. 

(e)    Operating Costs for any calendar year during which actual occupancy of the Project is less than ninety-five percent
(95%) of the Rentable Area of the Project shall be appropriately adjusted to reflect ninety-five percent (95%) occupancy of the existing Rentable Area of the Project during such period. In determining Operating Costs, if any services or utilities
are separately charged to tenants of the Project or others Operating Costs shall be adjusted by Landlord to reflect the amount of expense which would have been incurred for such services or utilities on a full time basis for normal Project operating
hours. Operating Costs for the Base Year (as defined in Item 8 of the Basic Lease Provisions) shall not include (i) Operating Costs attributable to temporary market-wide labor-rate increases and/or utility rate increases due to
extraordinary circumstances, including, but not limited to Force Majeure, conservation surcharges boycotts, embargoes, or other shortages, (ii) one-time special assessments, charges costs or fees or
extraordinary charges or costs incurred in the Base Year only, or (iii) amortization of any capital items including, but not limited to, capital improvements capital repairs and capital replacements (including such amortized costs where the
actual improvement, repair or replacement was made in prior years). In no event shall the components of Operating Costs for any calendar year related to any utility costs (including, without limitation, electrical costs) be less than the components
of Operating Costs related to such utility costs in the Base Year. In addition, if in any calendar year subsequent to the Base Year, the amount of Operating Costs decreases due to a reduction in the cost of providing utilities, security and/or other
services to the Project for any reason, including without limitation, because of deregulation of the utility industry and/or reduction in rates achieved in contracts with utilities and/or service providers, then for purposes of the calendar year in
which such decrease in Operating Costs occurred and all subsequent calendar years, the Operating Costs for the Base Year shall be decreased by an amount equal to such decrease. In the event (i) the Commencement Date shall be a date other than
January 1, (ii) the date fixed for the expiration of the Lease Term shall be a date other than December 31, (iii) of any early termination of this Lease, or (iv) of any increase or decrease in the size of the Premises, then in each
such event, an appropriate adjustment in the application of this Paragraph 3 shall, subject to the provisions of this Lease, be made to reflect such event on a basis determined by Landlord to be consistent with the principles underlying the
provisions of this Paragraph 3. In addition Landlord shall have the right from time to time to equitably allocate and prorate some or all of the Operating Costs among different tenants and /or different buildings of the Project and/or on a building-by-building basis (the “Cost Pools”), adjusting Tenant’s Proportionate Share as to each of the separately allocated costs based on the ratio of the Rentable Area of the Premises to the
Rentable Area of all of the premises to which such costs are allocated. Such Cost Pools may include, without limitation, the office space tenants and retail space tenants of the buildings in the Project. 

(f)    Prior to the commencement of each calendar year of the Lease Term following the Commencement Date Landlord shall
have the right to give to Tenant a written estimate of Tenant’s Proportionate Share of the projected excess if any, of the Operating Costs for the Project for the ensuing year over the Base Operating Costs. Tenant shall pay such estimated
amount to Landlord in equal monthly installments in advance on the first day of each month. Within a reasonable period after the end of each calendar year Landlord shall furnish Tenant a statement indicating in reasonable detail the excess of
Operating Costs over Base Operating Costs for such period, and the parties shall, within thirty (30) days thereafter make any payment or allowance necessary to adjust Tenant’s estimated payments to Tenant’s actual share of such excess
as indicated by such annual statement. Any payment due Landlord shall be payable by Tenant on demand from Landlord. Any amount due Tenant shall be credited against installments next becoming due under this Paragraph 3(f) or refunded to Tenant
if requested by Tenant. 
 (g)    All capital levies or other taxes assessed or imposed on Landlord upon the rents
payable to Landlord under this Lease and any excise, transaction, sales, or privilege tax, assessment levy or charge measured by or based, in whole or in part, upon such rents from the Premises and/or the Project or any portion thereof shall be paid
by Tenant to Landlord monthly in estimated installments or upon demand at the option of Landlord, as additional rent to be allocated to monthly Operating Costs. 

  
 11. 

 (h)    Tenant shall pay ten (10) days before delinquency all taxes
and assessments (i) levied against any personal property, tenant improvements or trade fixtures of Tenant in or about the Premises, (ii) based upon this Lease or any document to which Tenant is a party creating or transferring an interest
in this Lease or an estate in all or any portion of the Premises (other than Landlord’s income taxes), and (iii) levied for any business, professional or occupational license fees. If any such taxes or assessments are levied against
Landlord or Landlord’s property or if the assessed value of the Project is increased by the inclusion therein of a value placed upon such personal property or trade fixtures, Tenant shall upon demand reimburse Landlord for the taxes and
assessments so levied against Landlord, or such taxes, levies and assessments resulting from such increase in assessed value. To the extent that any such taxes are not separately assessed or billed to Tenant, Tenant shall pay the amount thereof as
invoiced to Tenant by Landlord. 
 (i)    Any delay or failure of Landlord in (i) delivering any estimate or
statement described in this Paragraph 3, or (ii) computing or billing Tenants Proportionate Share of excess Operating Costs shall not constitute a waiver of its right to require an increase in Rent, or in any way impair, the continuing
obligations of Tenant under this Paragraph 3. lo the event of any dispute as to any Additional Rent due under this Paragraph 3, Tenant an officer of Tenant or Tenant’s certified public accountant (but (a) in no event shall
Tenant hire or employ an accounting firm of accountants or any person to audit Landlord a set forth under this Paragraph who is compensated or paid for such audit on a contingency basis and (b) in the event Tenant hires or employs an
independent party to perform such audit, Tenant shall provide Landlord with a copy of the engagement letter) shall have the right after reasonable notice and at reasonable times to inspect Landlords accounting records at Landlord’s accounting
office. If after such inspection, Tenant still disputes such Additional Rent, upon Tenant’s written request there for, a certification as to the proper amount of Operating Costs and the amount due to or payable by Tenant shall be made by an
independent certified public accountant mutually agreed to by Landlord and Tenant. If Landlord and Tenant cannot mutually agree to an independent certified public accountant, then the parties agree that Landlord shall choose an independent certified
public accountant to conduct the certification as to the proper amount of Tenant’s Proportionate Share of Operating Costs due by Tenant for the period in question; provided, however, such certified public accountant shall not be the accountant
who conducted Landlord’s initial calculation of Operating Costs to which Tenant is now objecting or an accountant regularly employed by Land lo rd. Such certification shall be final and conclusive as to all parties. If the certification
reflects that Tenant has overpaid Tenant s Proportionate Share of Operating Costs for the period in question, then Landlord shall credit such excess to Tenant s next payment of Operating Costs or, at the request of Tenant, promptly refund such
excess to Tenant and conversely, if Tenant has underpaid Tenants Proportionate Share of Operating Costs, Tenant shall promptly pay such additional Operating Costs to Landlord. Tenant agrees to pay the cost of such certification and the investigation
with respect thereto; provided, however if it is determined that Landlord’s original statement was in error in Landlord’s favor by more than five percent (5%), then Landlord agrees to reimburse Tenant up to a maximum of $3,500 towards
Tenant’s actual out-of-pocket costs incurred in connection with such certification and investigation. Tenant waives the right to dispute any matter relating to the
calculation of Operating Costs or Additional Rent under this Paragraph 3 if any claim or dispute is not asserted in writing to Landlord within one hundred eighty (180) days after delivery to Tenant of the original billing statement with respect
thereto. Notwithstanding the foregoing, Tenant shall maintain strict confidentiality of all of Landlord’s accounting records and shall not disclose the same to any other person or entity except for Tenant’s professional advisory
representatives (such as Tenant’s employees, accountants advisor attorneys and consultants) with a need to know such accounting information, who agree to similarly maintain the confidentiality of such financial information. 

(j)    Even though the Lease Term has expired and Tenant has vacated the Premises when the final determination is made of
Tenant’s Proportionate Share of excess Operating Costs for the year in which this Lease terminates Tenant shall immediately pay any increase due over the estimated Operating Costs paid, and conversely any overpayment made by Tenant shall be
promptly refunded to Tenant by Landlord. 
 (k)    Tenant shall pay all sales and use tax levied or assessed against all
Basic Annual Rent, Tenant s Proportionate Share of Operating Costs and any other payments due under this Lease simultaneously with each installment of Basic Annual Rent Tenant’s Proportionate Share of Operating Costs and any other payment
required hereunder. 

  
 12. 

 (l)    Tenant shall not be obligated to pay for Controllable Operating
Costs in any year to the extent they have increased by more than five percent (5%) per annum compounded annually on a cumulative basis from the first calendar year during the Lease Term. For purposes of this Lease Controllable Operating Costs shall
mean all Operating Costs except for Real Estate Taxes, insurance premiums, janitorial costs, wages and salaries affected by the minimum wage costs arising from change in laws, utility costs and snow and ice removal for the Building and the Project.
Controllable Operating Costs shall be determined on an aggregate basis and not on an individual basis, and the cap on Controllable Operating Costs shall be determined on Operating Costs as they have been adjusted for vacancy or usage pursuant to the
terms of the Lease. 
 (m)    The Basic Annual Rent, as adjusted pursuant to Paragraph 2, Paragraph 3 and
Paragraph 7 and other amounts required to be paid by Tenant to Landlord hereunder, are sometimes collectively referred to as, and shall constitute, “Rent”. 

 

	4.	 IMPROVEMENTS AND ALTERATIONS 

(a)    Landlord shall deliver the Premises to Tenant, and Tenant agrees to accept the Premises from Landlord in its
existing “AS-IS”, “WHERE-IS” and “WITH ALL FAULTS” condition, and Landlord shall have no obligation to refurbish or otherwise improve the
Premises throughout the Lease Term; provided, however, and notwithstanding the foregoing to the contrary Landlord’s sole construction obligation under this Lease is set forth in the Work Letter attached hereto as Exhibit B. In
addition, with respect to the area in the Suite 600 Space generally shown in Exhibit I attached hereto and incorporated herein for all purposes, Landlord at its sole cost and expense, agrees (i) to add five 12” Building standard
cooling only VAV boxes, (ii) that a new supply air plenum will be added to the box and the supply air tap-outs will be cut in, (iii) that a total of four
12-inch supply air diffusers will be installed in a quadrant pattern, and (iv) that all thermostats will be relocated to their respective zones. 

(b)    Any alterations, additions, or improvements made by or on behalf of Tenant to the Premises
(“Alterations”) shall be subject to Landlord’s prior written consent. Tenant shall cause, at its sole cost and expense, all Alterations to comply with insurance requirements and with Laws and shall construct, at its sole cost
and expense, any alteration or modification required by Laws as a result of any Alterations. All Alterations shall be constructed at Tenant’s sole cost and expense and in a good and workmanlike manner by contractors reasonably acceptable to
Landlord and only good grades of materials shall be used. All plans and specifications for any Alterations shall be submitted to Landlord for its approval. Landlord may monitor construction of the Alterations. Tenant shall reimburse Landlord for all
out-of-pocket sums, if any paid by Landlord for third party examination of Tenant’s plans and specifications for any Alterations. In addition, Tenant shall be
obligated to pay Landlord a coordination fee equal to ten percent (10%) of the actual costs of any of such Alterations, which coordination fee shall be paid to Landlord promptly following the completion of the construction of the Alterations. Such
coordination fee will be deemed to cover all of Landlord’s costs and expenses for Landlord’s employees or contractors, including but not limited to management personnel, engineers and other consultants involved in review, approval
coordination and/or supervision of the Alterations. Landlord’s right to review plans and specifications and to monitor construction shall be solely for its own benefit, and Landlord shall have no duty to see that such plans and specifications
or construction comply with applicable laws, codes, rules and regulations. Without limiting the other grounds upon which Landlord may refuse to approve any contractor or subcontractor Landlord may take into account the desirability of maintaining
harmonious labor relations at the Project. Landlord may also require that all life safety related work and all mechanical electrical plumbing and roof related work be performed by contractors designated by Landlord. Landlord shall have the right, in
its sole discretion to instruct Tenant to remove those improvements or Alterations from the Premises which (i) were not approved in advance by Landlord (ii) were not built in conformance with the plans and specifications approved by
Landlord or (iii) Landlord specified during its review of plans and specifications for Alterations would need to be removed by Tenant upon the expiration of this Lease. Except as set forth in the preceding sentence, Tenant shall not be
obligated to remove such Alterations at the expiration of this Lease. Landlord shall not unreasonably withhold or delay its approval with respect to what improvements or Alterations Landlord may require Tenant to remove at the expiration of the
Lease. If upon the termination of this Lease, Landlord require Tenant to remove any or all of such Alterations from the Premises, then Tenant, al Tenant’s sole cost and expense, shall promptly remove such Alterations and improvements and Tenant
shall repair and restore the Premises to its original condition as of the Commencement Date, reasonable wear and tear excepted. Any Alterations remaining in the Premises following the expiration of the Lease Term or following the surrender of the
Premises from Tenant to Landlord, shall become the property of Landlord unless Landlord notifies Tenant otherwise. Tenant shall provide Landlord with the identities and mailing addresses of 

  
 13. 

 
all persons performing work or supplying materials, prior to beginning such construction and Landlord may post on and about the Premises and record any notices of
non-responsibility pursuant to applicable law. Tenant shall assure payment for the completion of all work free and clear of liens and shall provide certificates of insurance for worker’s compensation and
other coverage in amounts and from an insurance company reasonably satisfactory to Landlord protecting Landlord against liability for bodily injury or property damage during construction. Upon completion of any Alterations and upon Landlord’s
reasonable request, Tenant shall deliver to Landlord sworn statements setting forth the names of all contractors and subcontractors who did work on the Alterations and final lien waivers from all such contractors and subcontractors. 

(c)    Tenant shall keep the Premises the Building and the Project free from any and all liens arising out of any
Alterations, work performed materials furnished, or obligations incurred by or for Tenant; provided, however, that Tenant shall not be responsible for any liens attributable to Landlord failing to make timely payments of contractor in voices up to
the Landlord Amount (as defined in the Work Letter attached hereto as Exhibit B) for Tenant Improvements specified in the Work Letter attached hereto as Exhibit B. In the event that Tenant shall not, within ten (10) days following
the imposition of any such lien, cause the same to be released of record by payment or posting of a bond in a form and issued by a surety acceptable to Landlord, Landlord shall have the right but not the obligation, to cause such lien to be released
by such means as it shall deem proper (including payment of or defense against the claim giving rise to such lien); in such case, Tenant shall reimburse Landlord for all amounts so paid by Landlord in connection therewith, together with all of
Landlord’s costs and expenses, with interest thereon at the Default Rate (defined below) and Tenant shall indemnify and defend each and all of the Landlord Indemnitees (defined below) against any damages, losses or costs arising out of any such
claim. Tenant s indemnification shall not include any damages losses or costs attributable to Landlord’s failure to make timely payments up to the Landlord Amount for Tenant Improvements specified in the Work Letter. Tenant’s
indemnification of Landlord contained in this Paragraph shall survive the expiration or earlier termination of this Lease. Such rights of Landlord shall be in addition to all other remedies provided herein or by law. 

(d)    EXCEPT AS OTHERWISE PROVIDED IN THIS LEASE OR THE WORK LETTER NOTICE IS HEREBY GIVEN THAT LANDLORD SHALL NOT BE
LIABLE FOR ANY LABOR, SERVICES OR MATERIALS FURNISHED OR TO BE FURNISHED TO TENANT, OR TO ANYONE HOLDING THE PREMISES THROUGH OR UNDER TENANT, AND THAT NO MECHANICS’ OR OTHER LIENS FOR ANY SUCH LABOR, SERVICES OR MATERIALS SHALL ATTACH TO OR
AFFECT THE INTEREST OF LANDLORD IN THE PREMISES. 
  

	5.	 REPAIRS 

(a)    Landlord shall keep the Common Areas of the Building and the Project in a clean and neat condition. Subject to
subparagraph (b) below, Landlord shall make all necessary repairs, within a reasonable period following receipt of notice of the need therefor from Tenant, to the exterior walls, exterior doors, exterior locks on exterior doors and
windows of the Building, and to the Common Areas and to public corridors and other public areas of the Project not constituting a portion of any tenant s premises and shall use reasonable efforts to keep all Building standard equipment used by
Tenant in common with other tenants in good condition and repair and to replace same at the end of such equipment’s normal and useful life reasonable wear and tear and casualty loss excepted. Except as expressly provided in Paragraph 9
of this Lease there shall be no abatement of Rent and no liability of Landlord by reason of any injury to or interference with Tenant’s business arising from the making of any repairs, alterations or improvements in or to any portion of the
Premises, the Building or the Project. Tenant waives the right to make repairs at Landlord’s expense under any law statute or ordinance now or hereafter in effect (including the provisions of California Civil Code Section 1942 and any
successive sections or statutes of a similar nature). 
 (b)    Tenant, at its expense, (i) shall keep the Premises
and all fixtures contained therein in a safe, clean and neat condition, and (ii) shall bear the cost of maintenance and repair, by contractors selected by Landlord, of all facilities which are not expressly required to be maintained or repaired
by Landlord and which are located in the Premises including, without limitation, lavatory, shower toilet, wash basin and kitchen facilities and supplemental heating and air conditioning systems (including all plumbing connected to said facilities or
systems installed by or on behalf of Tenant or existing in the Premises at the time of Landlord’s delivery of the Premises to Tenant). Tenant shall make all repairs to the Premises not required to be made by Landlord under subparagraph
(a) above with replacements of any materials to be made by use of materials of equal or better quality. Tenant shall do all decorating, remodeling, 

  
 14. 

 
alteration and painting required by Tenant during the Lease Term. Tenant shall pay for the cost of any repairs to the Premises, the Building or the Project made necessary by any negligence or
willful misconduct of Tenant or any of its assignees, subtenants, employees or their respective agents, representatives contractors, or other persons permitted in or invited to the Premises or the Project by Tenant. If Tenant fails to make such
repairs or replacements within fifteen (15) days after written notice from Landlord, Landlord may at its option make such repairs or replacements, and Tenant shall upon demand pay Landlord for the cost thereof, together with an administration
fee equal to ten percent (10%) of such costs. 
 (c)    Upon the expiration or earlier termination of this Lease, Tenant
shall surrender the Premises in a safe, clean and neat condition, normal wear and tear excepted. Prior to the expiration or earlier termination of this Lease, Tenant shall remove from the Premises (i) all trade fixtures, furnishings and other
personal property of Tenant, except as otherwise set forth in Paragraph 4(b) of this Lease, and (ii) all computer and phone cabling and wiring installed by or on behalf of Tenant, and Tenant shall repair all damage caused by such
removal, and shall restore the Premises to its original condition, reasonable wear and tear excepted. In addition to all other rights Landlord may have, in the event Tenant does not so remove any such fixtures, furnishings or personal property,
Tenant shall be deemed to have abandoned the same, in which case Landlord may store or dispose of the same at Tenant’s expense, appropriate the same for itself, and/or sell the same in its discretion. 

 

	6.	 USE OF PREMISES 

(a)    Tenant shall use the Premises only for general office uses and shall not use the Premises or permit the Premises to
be used for any other purpose. Landlord shall have the right to deny its consent to any change in the permitted use of the Premises in its sole and absolute discretion. 

(b)    Tenant shall not at any time use or occupy the Premises or permit any act or omission in or about the Premises in
violation of any law, statute, ordinance or any governmental rule, regulation or order (collectively, “Law” or “Laws”) and Tenant shall, upon written notice from Landlord discontinue any use of the Premises which is
declared by any governmental authority to be a violation of Law. If any Law shall, by reason of the nature of Tenant’s use or occupancy of the Premises, impose any duty upon Tenant or Landlord with respect to (i) modification or other
maintenance of the Premises, the Building or the Project, or (ii) the use, alteration or occupancy thereof, Tenant shall comply with such Law at Tenant’s sole cost and expense. This Lease shall be subject to and Tenant shall comply with
all financing documents encumbering the Building or the Project and all covenants, conditions and restrictions affecting the Premises, the Building or the Project, including, but not limited to Tenant s execution of any subordination agreements
requested by a mortgagee (which for purposes of this Lease includes any lender or grantee under a deed of trust) of the Premises, the Building or the Project. 

(c)    Tenant shall not at any time use or occupy the Premises in violation of the certificates of occupancy issued for or
restrictive covenants pertaining to the Building or the Premise s, and in the event that any architectural control committee or department of the State or the city or county in which the Project is located shall at any time contend or declare that
the Premises are used or occupied in violation of such certificate or certificates of occupancy or restrictive covenants Tenant shall, upon five (5) business days’ written notice from Landlord or any such governmental agency, immediately
discontinue such use of the Premises (and otherwise remedy such violation). The failure by Tenant to discontinue such use within five (5) business days of written notice shall be considered a default under this Lease and Landlord shall have the
right to exercise any and all rights and remedies provided herein or by Law. Any statement in this Lease of the nature of the business to be conducted by Tenant in the Premises shall not be deemed or construed to constitute a representation or
guaranty by Landlord that such business is or will continue to be lawful or permissible under any certificate of occupancy issued for the Building or the Premises, or otherwise permitted by Law. 

(d)    Tenant shall not do or perm it to be done anything which may invalidate or increase the cost of any fire, All Risk,
Causes of Loss - Special Form or other insurance policy covering the Building the Project and/or property located therein and shall comply with all rules, orders, regulations and requirements of the appropriate fire codes and ordinances or any other
organization performing a similar function. In addition to all other remedies of Landlord, Landlord may require Tenant, promptly upon demand, to reimburse Landlord for the full amount of any additional premiums charged for such policy or policies by
reason of Tenant’s failure to comply with the provisions of this Paragraph 6. 

  
 15. 

 (e)    Tenant shall not in any way interfere with the rights or quiet
enjoyment of other tenants or occupants of the Premises, the Building or the Project. Tenant shall not use or allow the Premises to be used for any improper immoral unlawful or objectionable purpose, nor shall Tenant cause, maintain or permit any
nuisance in, on or about the Premises, the Building or the Project. Tenant shall not place weight upon any portion of the Premises exceeding the structural floor load (per square foot of area) which such area was designated (and is permitted by Law)
to carry or otherwise use any Building system in excess of its capacity or in any other manner which may damage such system or the Building. Tenant shall not create within the Premises a working environment with a density of greater than five
(5) persons per 1,000 square feet of Rentable Area. Business machines and mechanical equipment shall be placed and maintained by Tenant at Tenant’s expense, in locations and in settings sufficient in Landlord’s reasonable judgment to
absorb and prevent vibration, noise and annoyance. Tenant shall not commit or suffer to be committed any waste in on, upon or about the Premises, the Building or the Project. 

(f)    Tenant shall take all reasonable steps necessary to adequately secure the Premises from unlawful intrusion, theft
fire and other hazards, and shall keep and maintain any and all security devices in or on the Premises in good working order including, but not limited to, exterior door locks for the Premises and smoke detectors and burglar alarms located within
the Premises and shall cooperate with Landlord and other tenants in the Project with respect to access control and other safety matters. 

(g)    As used herein, the term “Hazardous Material” means any hazardous or toxic substance, material or
waste which is or becomes regulated by any local governmental authority, the State or the United States Government, including, without limitation, any material or substance which is (A) defined or listed as a “hazardous waste,”
“pollutant,” “extremely hazardous waste,” “restricted hazardous waste,” “hazardous substance” or “hazardous material” under any applicable federal, state or local
Law or administrative code promulgated thereunder (B) petroleum or (C) asbestos. 

(i)    Tenant agrees that all operations or activities upon or any use or occupancy of the Premises, or any
portion thereof, by Tenant, its assignees, subtenants, and their respective agents, servants, employees representatives and contractors (collectively referred to herein as “Tenant Affiliates”), throughout the Lease Term, shall be in
all respects in compliance with all federal, state and local Laws then governing or in any way relating to the generation, handling, manufacturing, treatment, storage, use, transportation, release, spillage, leakage, dumping, discharge or disposal
of any Hazardous Materials. 
 (ii)    Tenant agrees to indemnify, defend and hold Landlord and its
Affiliates (defined below) harmless for, from and against any and all claims, actions, administrative proceedings (including informal proceedings), judgments, damages, punitive damages, penalties, fines, costs, liabilities, interest or losses
including reasonable attorneys’ fees and expenses, court costs, consultant fees, and expert fees, together with all other costs and expenses of any kind or nature that arise during or after the Lease Term directly or indirectly from or in
connection with the presence, suspected presence, or release of any Hazardous Material in or into the air, soil, surface water or groundwater at, on, about, under or within the Premises, or any portion thereof caused by Tenant or Tenant Affiliates.

 (iii)    In the event any investigation or monitoring of site conditions or any clean up, containment,
restoration, removal or other remedial work (collectively, the “Remedial Work”) is required under any applicable federal, state or local Law, by any judicial order, or by any governmental entity as the result of operations or
activities upon, or any use or occupancy of any portion of the Premises by Tenant or Tenant Affiliates, Landlord shall perform or cause to be performed the Remedial Work in compliance with such Law or order at Tenant’s sole cost and expense.
All Remedial Work shall be performed by one or more contractors, selected and approved by Landlord, and under the supervision of a consulting engineer, selected by Tenant and approved in advance in writing by Landlord. All costs and expenses of such
Remedial Work shall be paid by Tenant, including, without limitation, the charges of such contractor(s), the consulting engineer, and Landlord’s reasonable attorneys’ fees and costs incurred in connection with monitoring or review of such
Remedial Work. 
 (iv)    Each of the covenants and agreements of Tenant set forth in this Paragraph
6(g) shall survive the expiration or earlier termination of this Lease. 

  
 16. 

	7.	 UTILITIES AND SERVICES 

(a)    Provided that Tenant is not in default hereunder, Landlord shall furnish, or cause to be furnished to the Premises,
the utilities and services described in Exhibit C attached hereto, subject to the conditions and in accordance with the standards set forth therein and in this Lease. 

(b)    Tenant agrees to cooperate fully at all times with Landlord and to comply with all regulations and requirements
which Landlord may from time to time prescribe for the use of the utilities and services described herein and in Exhibit C. Landlord shall not be liable to Tenant for the failure of any other tenant or its assignees subtenants,
employees, or their respective invitees, licensees, agents or other representatives to comply with such regulations and requirements. 

(c)    If Tenant’s usage of electricity, water or any other utility service exceeds the use of such utility Landlord
determines to be typical, normal and customary for the Building, Landlord may determine the amount of such excess use by any reasonable means (including the installation at Landlord’s request but at Tenant’s expense of a separate meter or
other measuring device) and charge Tenant for the cost of such excess usage. Examples of excess electrical usage include, but are not limited to, material consumption of electricity outside Building Hours, or consumption of extraordinary amounts of
electricity at any time, such as for the operation of a server, for dedicated HVAC equipment for the Premises, or for other equipment requiring power in excess of standard 120 volt outlet power. In addition, Landlord may impose a reasonable charge
for the use of any additional or unusual janitorial services required by Tenant because of any unusual Alterations, the carelessness of Tenant or the nature of Tenant’s business (including hours of operation). In the event that Tenant shall
require additional electric current, water or gas for use in the Premises and if, in Landlord’s judgment, such excess requirements cannot be furnished unless additional risers, conduits, feeders, switchboards and/or appurtenances are installed
in the Building, subject to the conditions stated below, Landlord shall proceed to install the same at the sole cost of Tenant, payable upon demand in advance. The installation of such facilities shall be conditioned upon Landlord’s consent,
and a determination that the installation and use thereof (i) shall be permitted by applicable Law and insurance regulations, (ii) shall not cause permanent damage or injury to the Building or adversely affect the value of the Building or
the Project, and (iii) shall not cause or create a dangerous or hazardous condition or interfere with or disturb other tenants in the Building. Subject to the foregoing, Landlord shall upon reasonable prior notice by Tenant, furnish to the
Premises additional elevator heating, air conditioning and/or cleaning services upon such reasonable terms and conditions as shall be determined by Landlord, including payment of Landlord’s charge therefor. In the case of any additional
utilities or services to be provided hereunder, Landlord may require a switch and metering system to be installed so as to measure the amount of such additional utilities or services. The cost of installation, maintenance and repair thereof shall be
paid by Tenant upon demand. Notwithstanding the foregoing, Landlord shall have the right to contract with any utility provider it deems appropriate to provide utilities to the Project. 

(d)    Landlord shall not be liable for, and Tenant shall not be entitled to, any damages, abatement or reduction of Rent,
or other liability by reason of any failure to furnish any services or utilities described herein or in Exhibit C for any reason (other than Landlord’s sole negligence or willful misconduct), including, without limitation when
caused by accident, breakage, water leakage, flooding repairs, Alterations or other improvements to the Project strikes lockouts or other labor disturbances or labor disputes of any character, governmental regulation moratorium or other governmental
action inability to obtain electricity, water or fuel, or any other cause beyond Landlord’s control. Landlord shall be entitled to cooperate with the energy conservation efforts of governmental agencies or utility suppliers. No such failure,
stoppage or interruption of any such utility or service shall be construed as an eviction of Tenant, nor shall the same relieve Tenant from any obligation to perform any covenant or agreement under this Lease. In the event of any failure, stoppage
or interruption thereof Landlord shall use reasonable efforts to attempt to restore all services promptly. No representation is made by Landlord with respect to the adequacy or fitness of the Buildings ventilating, air conditioning or other systems
to maintain temperatures as may be required for the operation of any computer, data processing or other special equipment of Tenant. Tenant hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing
or future law ordinance or governmental regulation permitting the termination of this Lease due to an interrupt ion, failure or inability to provide any services. Notwithstanding anything in this Paragraph 7 to the contrary if an interruption
or cessation of a utility service to the Premises from a cause within the reasonable control of Landlord results in the Premises being unusable by Tenant for the conduct of Tenant’s business, then Basic Annual Rent shall be abated commencing on
that date which is five (5) consecutive business days following the date Tenant delivers written notice to Landlord of such interruption and 

  
 17. 

 
continuing until either such utility service to the Premises is restored or the Premises is again usable for the conduct of Tenant’s business. If however, Tenant reoccupies any portion of
the Premises during such abatement period, the Basic Annual Rent allocable to such reoccupied portion, based on the proportion that the Rentable Area of such reoccupied portion of the Premises bears to the total Rentable Area of the Premises, shall
be payable by Tenant from the date Tenant reoccupies such portion of the Premises. Such right to abate Basic Annual Rent shall be Tenant’s sole and exclusive remedy at law or in equity in the event of an interruption or cessation of a utility
service to the Premises. 
 (e)    Landlord reserves the right from time to time to make reasonable and
nondiscriminatory modifications to the above standards (including, without limitation, those described in Exhibit C) for utilities and services. 
  

	8.	 NON-LIABILITY AND INDEMNIFICATION OF LANDLORD; INSURANCE

 (a)    Neither Landlord nor any of its partners, officers, trustees, affiliates, directors,
employees, contractors, agents or representatives (collectively “Affiliates”) shall be liable for and there shall be no abatement of Rent (except in the event of a casualty loss or a condemnation as set forth in Paragraph 9
and Paragraph 10 of this Lease) for (i) any damage to Tenant’s property stored with or entrusted to Affiliates of Landlord, (ii) loss of or damage to any property by theft or any other wrongful or illegal act, or (iii) any
injury or damage to persons or property resulting from fire, explosion, falling plaster steam, gas, electricity water or rain which may leak from any part of the Building or the Project or from the pipes appliances appurtenances or plumbing works
therein or from the roof, street or sub-surface or from any other place or resulting from dampness or any other cause whatsoever or from the acts or omissions of other tenants, occupants or other visitors to
the Building or the Project or from any other cause whatsoever (iv) any diminution or shutting off of light air or view by any structure which may be erected on lands adjacent to the Building, whether within or outside of the Project or
(v) any latent or other defect in the Premises the Building or the Project. Tenant shall give prompt notice to Landlord in the event of (i) the occurrence of a fire or accident in the Premises or in the Building, or (ii) the discovery
of a defect therein or in the fixtures or equipment thereof. This Paragraph 8(a) shall survive the expiration or earlier termination of this Lease. 

(b)    Tenant hereby agrees to indemnify protect defend and hold harmless Landlord and its designated property management
company, and their respective partners, members, affiliates and subsidiaries and all of their respective officers directors, shareholders, employees servants, partners, representatives, insurers and agents (collectively “Landlord
Indemnitees”) for, from and against all liabilities, claims, fines, penalties, costs, damages or injuries to persons damages to property, losses liens, causes of action, suits, judgments and expenses (including court costs, attorneys’
fees, expert witness fees and costs of investigation), of any nature, kind or description of any person or entity directly or indirectly arising out of, caused by or resulting from (in whole or part) (1) Tenant’s construction of or use,
occupancy or enjoyment of the Premises, (2) any activity work or other things done, permitted or suffered by Tenant and its agents and employees in or about the Premises, (3) any breach or default in the performance of any of Tenant’s
obligations under this Lease, (4) any act, omission negligence or willful misconduct of Tenant or any of its agents, contractors, employees business invitee or licensees or (5) any damage to Tenant’s property, or the property of
Tenant’s agents, employees, contractors, business invitees or licensees located in or about the Premises caused by Tenant and its agents and employees (collectively, “Liabilities”). This Paragraph 8(b) shall survive the
expiration or earlier termination of this Lease. 
 (c)    Tenant shall promptly advise Landlord in writing of any
action administrative or legal proceeding or investigation as to which this indemnification may apply, and Tenant at Tenant s expense, shall assume on behalf of each and every Landlord Indemnitee and conduct with due diligence and in good faith the
defense thereof with counsel reasonably satisfactory to Landlord; provided however, that any Landlord Indemnitee shall have the right at its option to be represented therein by advisory counsel of its own selection and at its own expense. In the
event of failure by Tenant to fully perform in accordance with this Paragraph, Landlord, at its option, and without relieving Tenant of its obligations hereunder, may so perform, but all costs and expenses so incurred by Landlord in that event shall
be reimbursed by Tenant to Landlord, together with interest on the same from the date any such expense was paid by Landlord until reimbursed by Tenant, at the rate of interest provided to be paid on judgments, by the law of the jurisdiction to which
the interpretation of this Lease is subject. The indemnification provided in Paragraph 8(b) shall not be limited to damages, compensation or benefits payable under insurance policies, workers’ compensation acts, disability benefit acts
or other employees benefit acts. 

  
 18. 

 (d)    Insurance. 

(i)    Tenant at all times during the Lease Term shall, at its own expense, keep in full force and effect
(A) commercial general liability insurance providing coverage against bodily injury and disease including death resulting therefrom, bodily injury and property damage to a $1,000,000 per occurrence with a $2,000,000 aggregate which shall
include provision for contractual liability coverage insuring Tenant for the performance of its indemnity obligations set forth in this Paragraph 8 and in Paragraph 6(g)(ii) of this Lease, with an Excess Limits (Umbrella) Policy in the
amount of $5,000,000; (B) worker s compensation insurance to the statutory limit if any, and employer s liability insurance to the limit of $1,000,000 per occurrence; and (C) All Risk Causes of Loss - Special form property insurance, including
fire and extended coverage, sprinkler leakage (including earthquake, sprinkler leakage), vandalism malicious mischief, wind and/or hurricane coverage. Landlord and its designated property management firm shall be named an additional insured on each
of said policies (excluding the worker’s compensation policy) and said policies shall be issued by an insurance company or companies authorized to do business in California and which have policyholder ratings not lower than “A-” and financial ratings not lower than “VII” in Best’s Insurance Guide (latest edition in effect as of the Date of this Lease and subsequently in effect as of the date of renewal of the
required policies). EACH OF SAID POLICIES SHALL ALSO INCLUDE A WAIVER OF SUBROGATION PROVISION OR ENDORSEMENT IN FAVOR OF LANDLORD, AND AN ENDORSEMENT PROVIDING THAT LANDLORD SHALL RECEIVE THIRTY (30) DAYS PRIOR WRITTEN NOTICE OF ANY
CANCELLATION OF, NONRENEWAL OF, REDUCTION OF COVERAGE OR MATERIAL CHANGE IN COVERAGE ON SAID POLICIES. Tenant hereby waives its right of recovery against any Landlord Indemnitee of any amounts paid by Tenant or on Tenant s behalf to satisfy
applicable worker’s compensation laws. The policies or duly executed certificates showing the material terms for the same, together with satisfactory evidence of the payment of the premiums there for, shall be deposited with Landlord on the
date Tenant first occupies the Premises and upon renewals of such policies not less than fifteen (15) days prior to the expiration of the term of such coverage. If certificates are supplied rather than the policies themselves, Tenant shall
allow Landlord, at all reasonable times, to inspect the policies of insurance required herein. 

(ii)    It is expressly understood and agreed that the coverages required represent Landlord’s minimum
requirements and such are not to be construed to void or limit Tenant “obligations contained in this Lease, including without limitation Tenant s indemnity obligations hereunder. Neither shall (A) the insolvency, bankruptcy or failure of
any insurance company carrying Tenant, (B) the failure of any insurance company to pay claims occurring nor (C) any exclusion from or insufficiency of coverage be held to affect, negate or waive any of Tenant’s indemnity obligations
under this Paragraph 8 and Paragraph 6(g)(ii) or any other provision of this Lease. With respect to insurance coverages except worker’s compensation, maintained hereunder by Tenant and insurance coverages separately obtained by
Landlord, all insurance coverages afforded by policies of insurance maintained by Tenant shall be primary insurance as such coverages apply to Landlord and such insurance coverages separately maintained by Landlord shall be excess, and Tenant shall
have its insurance policies so endorsed. The amount of liability insurance under insurance policies maintained by Tenant shall not be reduced by the existence of insurance coverage under policies separately maintained by Landlord. Tenant hall be
solely responsible for any premiums, assessments, penalties, deductible assumptions retentions, audits, retrospective adjustments or any other kind of payment due under its policies. Tenant shall increase the amounts of insurance or the insurance
coverages as Landlord may reasonably request from time to time, but not in excess of the requirements of prudent landlords or lenders for similar tenants occupying similar premises in the San Jose, California metropolitan area. 

(iii)    Tenant’s occupancy of the Premises without delivering the certificates of insurance shall not
constitute a waiver of Tenant’s obligations to provide the required coverages. If Tenant provides to Landlord a certificate that does not evidence the coverages required herein or that is faulty in any respect such shall not constitute a waiver
of Tenant’s obligations to provide the proper insurance. 
 (iv)    Throughout the Lease Term
Landlord agrees to maintain (i) fire and extended coverage insurance, and, at Landlord’s option earthquake damage coverage, terrorism coverage, wind and hurricane coverage, and such additional property insurance coverage as Landlord deems
appropriate on the insurable portions of Building and the remainder of the Project in an amount not less than the fair replacement value 

  
 19. 

 
thereof. subject to reasonable deductibles (ii) boiler and machinery insurance amounts and with deductibles that would be considered standard for similar class office buildings in San Jose,
California metropolitan area and (iii) commercial general liability insurance with a combined single limit coverage of at least $1,000,000.00 per occurrence. All such insurance shall be obtained from insurers Landlord reasonably believes to be
financially responsible in light of the risks being insured. The premiums for any such insurance shall be a part of Operating Costs. 

(e)    Mutual Waivers of Recovery. Landlord, Tenant, and all parties claiming under them, each mutually release and
discharge each other from responsibility for that portion of any loss or damage paid or reimbursed by an insurer of Landlord or Tenant under any fire, extended coverage or other property insurance policy maintained by Tenant with respect to its
Premises or by Landlord with respect to the Building or the Project (or which would have been paid had the insurance required to be maintained hereunder been in full force and effect), no matter how caused, including negligence and each waives any
right of recovery from the other including, but not limited to, claims for contribution or indemnity, which might otherwise exist on account thereof. Any fire, extended coverage or property insurance policy maintained by Tenant with respect to the
Premises, or Landlord with respect to the Building or the Project, shall contain in the case of Tenant’s policies, a waiver of subrogation provision or endorsement in favor of Landlord, and in the case of Landlord’s policies, a waiver of
subrogation provision or endorsement in favor of Tenant, or, in the event that such insurers cannot or shall not include or attach such waiver of subrogation provision or endorsement Tenant and Landlord shall obtain the approval and consent of their
respective insurers in writing, to the terms of this Lease. Tenant agrees to indemnify, protect defend and hold harmless each and all of the Landlord Indemnitees from and against any claim, suit or cause of action asserted or brought by
Tenant’s insurers for, on behalf of or in the name of Tenant including, but not limited to, claims for contribution, indemnity or subrogation brought in contravention of this paragraph. Landlord agrees to indemnify protect, defend and hold harm
less Tenant from and against any claim, suit or cause of action asserted or brought by Landlord’s insurers for, on behalf of, or in the name of Landlord, including but not limited to, claims for contribution, indemnity or subrogation, brought
in contravention of this paragraph. The mutual releases, discharges and waivers contained in this provision shall apply EVEN IF THE LOSS OR DAMAGE TO WHICH THIS PROVISION APPLIES IS CAUSED SOLELY OR IN PART BY THE NEGLIGENCE OF LANDLORD OR TENANT.

 (f)    Business Interruption. Landlord shall not be responsible for, and Tenant releases and discharges
Landlord from, and Tenant further waives any right of recovery from Landlord for, any loss for or from business interruption or loss of use of the Premises suffered by Tenant in connection with Tenant’s use or occupancy of the Premises, EVEN IF
SUCH LOSS IS CAUSED SOLELY OR IN PART BY THE NEGLIGENCE OF LANDLORD. 
 (g)    Adjustment of Claims. Tenant shall
cooperate with Landlord and Landlord’s insurers in the adjustment of any insurance claim pertaining to the Building or the Project or Landlord’s use thereof. 

(h)    Increase in Landlord’s Insurance Costs. Tenant agrees to pay to Landlord any increase in premiums for
Landlord’s insurance policies resulting from Tenant’s use or occupancy of the Premises. 
 (i)    Failure
to Maintain Insurance. Any failure of Tenant to obtain and maintain the insurance policies and coverages required hereunder or failure by Tenant to meet any of the insurance requirements of this Lease hall constitute an event of default
hereunder and such failure shall entitle Landlord to pursue, exercise or obtain any of the remedies provided for in Paragraph 12(b), and Tenant shall be solely responsible for any loss suffered by Landlord as a result of such failure. In the
event of failure by Tenant to maintain the insurance policies and coverages required by this Lease or to meet any of the insurance requirements of this Lease, Landlord, at its option and without relieving Tenant of its obligations hereunder may
obtain said insurance policies and coverages or perform any other insurance obligation of Tenant, but all costs and expenses incurred by Landlord in obtaining such insurance or performing Tenant’s insurance obligations shall be reimbursed by
Tenant to Landlord, together with interest on same from the date any such cost or expense was paid by Landlord until reimbursed by Tenant, at the rate of interest provided to be paid on judgments, by the law of the jurisdiction to which the
interpretation of this Lease is subject. 
  

	9.	 FIRE OR CASUALTY 

(a)    Subject to the provisions of this Paragraph 9, in the event the Premises or access thereto, is wholly or
partially destroyed by fire or other casualty, Landlord shall (to the extent permitted by Law and covenants conditions 

  
 20. 

 
and restrictions then applicable to the Project) rebuild, repair or restore the Premises and access thereto to substantially the same condition as existing immediately prior to such destruction
(excluding Tenant s Alterations, trade fixtures, equipment and personal property, which Tenant shall be required to restore) and this Lease shall continue in full force and effect. Notwithstanding the foregoing, (i) Landlord’s obligation
to rebuild repair or restore the Premises shall not apply to any personal property, above-standard tenant improvements or other item installed or contained in the Premises, and (ii) Landlord shall have no obligation whatsoever to rebuild repair
or restore the Premises with respect to any damage or destruction occurring during the last twelve (12) months of the Lease Term or any extension of the Lease Term. 

(b)    Landlord may elect to terminate this Lease in any of the follow in g cases of damage or destruction to the Premises
the Building or the Project: (i) where the cost of rebuilding, repairing and restoring (collectively, “Restoration”) of the Building or the Project, would regardless of the lack of damage to the Premises or access thereto, in
the reasonable opinion of Landlord, exceed twenty percent (20%) of the then replacement cost of the Building; (ii) where, in the case of any damage or destruction to any portion of the Building or the Project by uninsured casualty, the cost of
Restoration of the Building or the Project, in the reasonable opinion of Landlord exceeds $500,000; or (iii) where in the case of any damage or destruction to the Premises or access thereto by uninsured casualty the cost of Restoration of the
Premises or access thereto in the reasonable opinion of Landlord exceeds twenty percent (20%) of the replacement cost of the Premises; or (iv) if Landlord has not obtained appropriate zoning approvals for reconstruction of the Project, Building
or Premises. Any such termination shall be made by thirty (30) days’ prior written notice to Tenant given within ninety (90) days of the date of such damage or destruction. If this Lease is not terminated by Landlord and as the result
of any damage or destruction, the Premise or a portion there of, are rendered untenantable, the Basic Annual Rent shall abate reasonably during the period of Restoration (based upon the extent to which such damage and Restoration materially
interfere with Tenant s business in the Premises); provided however Tenant shall have the right to terminate this Lease if more than fifty percent (50%) of the Premises are rendered untenantable for a period of two hundred seventy (270) days
after the date of damage or destruction (the “270 Day Period”) by delivering written notice to Landlord of its intent to terminate this Lease after the 270 Day Period but prior to the substantial completion of the Restoration of the
Building. This Lease shall be considered an express agreement governing any case of damage to or destruction of the Premises the Building or the Project. This Lease sets forth the terms and conditions upon which this Lease may terminate in the event
of any damage or destruction. Accordingly the parties hereby waive the provisions of California Civil Code Section 1932, Subsection 2, and Section 1933, Subsection 4 (and any successor statutes thereof permitting the parties to terminate
this Lease as a result of any damage or destruction). 
  

	10.	 EMINENT DOMAIN 

In the event the whole of the Premises, the Building or the Project shall be taken under the power of eminent domain, or sold to prevent the
exercise thereof (collectively, a “Taking”), this Lease shall automatically terminate as of the date of such Taking. In the event a Taking of a portion of the Project, the Building or the Premises shall in the reasonable opinion of
Landlord, substantially interfere with Landlord operation thereof, Landlord may terminate this Lease upon thirty (30) days written notice to Tenant given at any time within sixty (60) days following the date of such Taking. For purposes of
this Lease, the date of Taking shall be the earlier of the date of transfer of title resulting from such Taking or the date of transfer of possession resulting from such Taking. In the event that a portion of the Premises is so taken and this Lease
is not terminated Landlord shall to the extent of proceeds paid to Landlord as a result of the Taking with reasonable diligence use commercially reasonable efforts to proceed to restore (to the extent permitted by Law and covenants, conditions and
restrictions then applicable to the Project) the Premises (other than Tenant’s personal property and fixtures and above-standard tenant improvements) to a complete, functioning unit. In such case, the Basic Annual Rent shall be reduced
proportionately based on the portion of the Premises so taken. If all or any portion of the Premises is the subject of a temporary Taking this Lease shall remain in full force and effect and Tenant shall continue to perform each of its obligations
under this Lease; in such case, Tenant shall be entitled to receive the entire award allocable to the temporary Taking of the Premises. Except as provided herein, Tenant shall not assert any claim against Landlord or the condemning authority for,
and hereby assigns to Landlord any compensation in connection with any such Taking, and Landlord shat I be entitled to receive the entire amount of any award therefor, without deduction for any estate or interest of Tenant. Nothing contained in this
Paragraph 10 shall be deemed to give Landlord any interest in, or prevent Tenant from seeking any award against the condemning authority for the Taking of personal property, fixtures, above standard tenant improvements of Tenant or for
relocation or moving expenses recoverable by Tenant from the condemning authority. This Paragraph 10 shall be Tenants sole and 

  
 21. 

 
exclusive remedy in the event of a Taking. This Lease sets forth the terms and conditions upon which this Lease may terminate in the event of a Taking. Accordingly, the parties waive the
provisions of the California Code of Civil Procedure Section 1265.130 and any successor or similar statutes permitting the parties to terminate this Lease as a result of a Taking. 

 

	11.	 ASSIGNMENT AND SUBLETTING 

(a)    Tenant shall not directly or indirectly voluntarily or involuntarily, by operation of law or otherwise, assign
sublet, mortgage hypothecate or otherwise encumber all or any portion of its interest in this Lease or in the Premises or grant any license in or suffer any person other than Tenant or its employees to use or occupy the Premises or any part thereof
without obtaining the prior written consent of Landlord, which consent shall not be unreasonably withheld. Any such attempted assignment subletting, license, mortgage hypothecation, other encumbrance or other use or occupancy without the consent of
Landlord shall be null and void and of no effect. Any mortgage, hypothecation or encumbrance of all or any portion of Tenant’s interest in this Lease or in the Premises and any grant of a license or sufferance of any person other than Tenant or
its employees to use or occupy the Premises or any part thereof shall be deemed to be an “assignment” of this Lease. In addition as used in this Paragraph 11, the term “Tenant” shall also mean any entity that has
guaranteed Tenant s obligations under this Lease, and the restrictions applicable to Tenant contained herein shall also be applicable to such guarantor. 

(b)    No assignment or subletting shall relieve Tenant of its obligation to pay the Rent and to perform all of the other
obligations to be performed by Tenant hereunder. The acceptance of Rent by Landlord from any other person shall not be deemed to be a waiver by Landlord of any provision of this Lease or to be a consent to any subletting or assignment. Consent by
Landlord to one subletting or assignment shall not be deemed to constitute a consent to any other or subsequent attempted subletting or assignment. If Tenant desires at any time to assign this Lease or to sublet the Premises or any portion thereof,
it shall first notify Landlord of its desire to do so and shall submit in writing to Landlord all pertinent information relating to the proposed assignee or sublessee, all pertinent information relating to the proposed assignment or sublease, and
all such financial information as Landlord may reasonably request concerning Tenant and the proposed assignee or subtenant. Any assignment or sublease shall be expressly subject to the terms and conditions of this Lease. 

(c)    At any time within thirty (30) days after Landlord’s receipt of the information specified in subparagraph
(b) above Landlord may by written notice to Tenant elect to terminate this Lease as to the portion of the Premises so proposed to be subleased or assigned (which may include all of the Premises), with a proportionate abatement in the Rent
payable hereunder. 
 (d)    Tenant acknowledges that it shall be reasonable for Landlord to withhold its consent to a
proposed assignment or sublease in any of the following instances: 
 (i)    The assignee or sublessee
(or any affiliate of the assignee or sublessee) is not in Landlord’s reasonable opinion, sufficiently creditworthy to perform the obligations such assignee or sublessee will have under this Lease; 

(ii)    The intended use of the Premises by the assignee or sublessee is not for general office use; 

(iii)    The intended use of the Premises by the assignee or sublessee would materially increase the
pedestrian or vehicular traffic to the Premises or the Building; 
 (iv)    Occupancy of the Premises by
the assignee or sublessee would, in the good faith judgment of Landlord, violate any agreement binding upon Landlord, the Building or the Project with regard to the identity of tenants, usage in the Building, or similar matters; 

(v)    The assignee or sublessee (or any affiliate of the assignee or sublessee) is then negotiating with
Landlord or has negotiated with Landlord within the previous six (6) months, or is a current tenant or subtenant within the Building or Project; 

  
 22. 

 (vi)    The identity or business reputation of the
assignee or sublessee will, in the good faith judgment of Landlord, tend to damage the goodwill or reputation of the Building or Project; 

(vii)    the proposed sublease would result in more than two subleases of portions of the Premises being in
effect at any one time during the Lease Term; 
 (viii)    the net effective rent payable by the assignee
or sublessee (adjusted on a square foot of Rentable Area basis) is less than the net effective rent then being quoted by Landlord for new leases in the Building for comparable size space for a comparable period of time; or 

(ix)    In the case of a sublease, the subtenant has not acknowledged that the Lease controls over any
inconsistent provision in the sublease. 
 The foregoing criteria shall not exclude any other reasonable basis for Landlord to refuse its consent to such
assignment or sub lease. Notwithstanding any contrary provision of this Lease, if Tenant or any proposed assignee or sublessee claims that Landlord has unreasonably withheld its consent to a proposed assignment or sublease or otherwise has breached
its obligations under this Paragraph 11 their sole remedy shall be to seek a declaratory judgment and/or injunctive relief without any monetary damages, and, with respect thereto, Tenant on behalf of itself and, to the extent permitted by
law, such proposed assignee /sublessee, hereby waives all other remedies against Landlord, including, without limitation, the right to seek monetary damages or to terminate this Lease. 

(e)    Notwithstanding any assignment or subletting, Tenant and any guarantor or surety of Tenant’s obligations under
this Lease shall at all times during the Initial Term and any subsequent renewals or extensions remain fully responsible and liable for the payment of the rent and for compliance with all of Tenant’s other obligations under this Lease. In the
event that the Rent due and payable by a sublessee or assignee (or a combination of the rental payable under such sublease or assignment plus any bonus or other consideration therefor or incident thereto) exceeds the Rent payable under this Lease
then Tenant shall be bound and obligated to pay Landlord, as additional rent hereunder, one-half (1/2) of all such excess Rent and other excess consideration (after deducting Tenant’s reasonable and
actual out-of-pocket costs incurred in connection with such sublease or assignment) within ten (10) days following receipt thereof by Tenant. 

(f)    If this Lease is assigned or if the Premises is subleased (whether in whole or in part), or in the event of the
mortgage, pledge, or hypothecation of Tenant’s leasehold interest, or grant of any concession or license within the Premises, or if the Premises are occupied in whole or in part by anyone other than Tenant, then upon a default by Tenant
hereunder Landlord may collect Rent from the assignee, sublessee, mortgagee, pledgee, party to whom the leasehold interest was hypothecated, concessionee or licensee or other occupant and except to the extent set forth in the preceding paragraph
apply the amount collected to the next Rent payable hereunder and all such Rent collected by Tenant shall be held in deposit for Landlord and immediately forwarded to Landlord. No such transaction or collection of Rent or application thereof by
Landlord, however, shall be deemed a waiver of these provisions or a release of Tenant from the further performance by Tenant of its covenants, duties or obligations hereunder. 

(g)    If Tenant effects an assignment or sublease or requests the consent of Landlord to any proposed assignment or
sublease, then Tenant shall, upon demand, pay Landlord a non-refundable administrative fee of One Thousand Dollars ($1,000.00), plus any reasonable attorneys’ and paralegal fees and costs incurred by
Landlord in connection with such assignment or sublease or request for consent. Acceptance of the One Thousand Dollar ($1,000.00) administrative fee and/or reimbursement of Landlord’s attorneys and paralegal fees shall in no event obligate
Landlord to consent to any proposed assignment or sublease. 
 (h)    Notwithstanding any provision of this Lease to the
contrary in the event this Lease is assigned to any person or entity pursuant to the provisions of the Bankruptcy Code any and all monies or other consideration payable or otherwise to be delivered in connection with such assignment shall be paid or
delivered to Landlord shall be and remain the exclusive property of Landlord and shall not constitute the property of Tenant or Tenant’s estate within the meaning of the Bankruptcy Code. All such money and other consideration not paid or
delivered to Landlord shall be held in trust for the benefit of Landlord and shall be promptly paid or delivered to Landlord. 

  
 23. 

	12.	 DEFAULT 

(a)    Events of Default. The occurrence of any one or more of the following events shall constitute an event of
default (herein so called) under this Lease by Tenant: (i) the failure by Tenant to make any payment of Rent or any other payment required to be made by Tenant hereunder, where such failure continues for three (3) business days after
written notice thereof from Landlord that such payment was not received; (ii) the failure by Tenant to observe or perform any of the express or implied covenants or provisions of this Lease to be observed or performed by Tenant other than
monetary failures as specified in clause (i) Paragraphs 12(a)(i) above, where such failure shall continue for a period of ten (10) days after written notice thereof from Landlord to Tenant; provided, however that if the nature of
Tenant’s default is such that more than ten (10) days are reasonably required for its cure, then Tenant shall not be deemed to be in default if Tenant shall commence such cure within said ten (10) day period and thereafter diligently
prosecute such cure to completion, which completion shall occur not later than sixty (60) days from the date of such notice from Landlord; (iii) the making by Tenant or any guarantor hereof of any general assignment for the benefit of
creditors, (iv) the filing by or against Tenant or any guarantor hereof of a petition to have Tenant or any guarantor hereof adjudged a bankrupt or a petition for reorganization or arrangement under any law relating to bankruptcy (unless in the
case of a petition filed against Tenant or any guarantor hereof, the same is dismissed within sixty (60) days), (v) the appointment of a trustee or receiver to take possession of substantially all of Tenant’s assets located at the Premises
or of Tenant’s interest in this Lease or of substantially all of guarantor’s assets, where possession is not restored to Tenant or guarantor within sixty (60) days, or (vi) the attachment, execution or other judicial seizure of
substantially all of Tenant’s assets located at the Premises or of substantially all of guarantor’s assets or of Tenant’s interest in this Lease where such seizure is not discharged within sixty (60) days; (vii) any material
representation or warranty made by Tenant or guarantor in this Lease or any other document delivered in connection with the execution and delivery of this Lease or pursuant to this Lease proves to be incorrect in any material respect;
(viii) Tenant or guarantor shall be liquidated or dissolved or shall begin proceedings towards its liquidation or dissolution; or (ix) the vacation or abandonment of the Premises by Tenant. 

Any notice sent by Landlord to Tenant pursuant to this Paragraph 12(a) shall be in lieu of, and not in addition to, any notice required
under California Code of Civil Procedure Section 1161. 
 (b)    Landlord’s Remedies; Termination. In
the event of any event of default by Tenant, in addition to any other remedies available to Landlord under this Lease, at law or in equity, Landlord shall have the immediate option to terminate this Lease and all rights of Tenant hereunder. In the
event that Landlord shall elect to so terminate this Lease, then Landlord may recover from Tenant: 

(i)    the worth at the time of award of any unpaid rent which had been earned at the time of such
termination; plus 
 (ii)    the worth at the time of the award of the amount by which the unpaid rent
which would have been earned after termination until the time of award exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided; plus 

(iii)    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 that Tenant proves could be reasonably avoided; plus 

(iv)    any other amount necessary to compensate Landlord for all the detriment proximately caused by
Tenants failure to perform its obligations under this Lease or which in the ordinary course of things would be likely to result therefrom including, but not limited to: unamortized Tenant Improvement costs; attorneys’ fees; brokers’
commissions; the costs of refurbishment, alterations, renovation and repair of the Premises; and removal (including the repair of any damage caused by such removal) and storage (or disposal) of Tenant’s personal properly, equipment, fixtures,
Tenant Changes, Tenant Improvements and any other items which Tenant is required under this Lease to remove but does not remove. 
 As used in subparagraphs
(i) and (ii) of Paragraph 12(b) above, the “worth at the time of award” is computed by allowing interest at the Default Rate (as defined below). As used in subparagraph (iii) of Paragraph 12(b) above, the
“worth at the time of award” is computed by discounting such amount at the discount rate of the Federal Reserve Bank 

  
 24. 

 
of San Francisco at the time of award plus one percent (1%). The term “Default Rate” as used in this Lease shall mean the lesser of (A) the rate announced from time to time by
Wells Fargo Bank or, if Wells Fargo bank ceases to exist or ceases to publish such rate, then the rate announced from time to time by the largest (as measured by deposits) chartered bank operating in California, as its “prime rate” or
“reference rate”, plus three percent (3%), or (B) the maximum rate of interest permitted by applicable law. 

(c)    Landlords Remedies; Re-Entry Rights. In the event of any event of
default by Tenant, in addition to any other remedies available to Landlord under this Lease, at law or in equity, Landlord shall also have the right, with or without terminating this Lease, to re-enter the
Premises and remove all persons and property from the Premises; such property may be removed, stored and/or disposed of pursuant to Paragraph 5(c) of this Lease or any other procedures permitted by applicable law. No re-entry or taking possession of the Premises by Landlord pursuant to this Paragraph 12(c), and no acceptance of surrender of the Premises or other action on Landlord’s part, shall be construed as an
election to terminate this Lease unless a written notice of such intention be given to Tenant or unless the termination thereof be decreed by a court of competent jurisdiction. 

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

(e)    Landlord’s Right to Perform. Except as specifically provided otherwise in this Lease, all covenants and
agreements by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any abatement or offset of rent. If Tenant shall fail to pay any sum of money (other than Monthly Basic Rent) or perform any other
act on its part to be paid or performed hereunder and such failure shall continue for three (3) business days with respect to monetary obligations (or ten (10) day with respect to non-monetary obligations, except in case of emergencies, in
which such case such shorter period of time as is reasonable under the circumstances) after Tenant’s receipt of written notice thereof from Landlord, Landlord may, without waiving or releasing Tenant from any of Tenant s obligations make such
payment or perform such other act on behalf of Tenant. All sums so paid by Landlord and all necessary incidental costs incurred by Landlord in performing such other acts shall be payable by Tenant to Landlord within five (5) days after demand
therefor as additional rent. 
 (f)    Interest. If any monthly installment of Rent or Operating Expenses, or any
other amount payable by Tenant hereunder is not received by Landlord by the date when due it shall bear interest at the Default Rate from the date due until paid. All interest, and any late charges imposed pursuant to Paragraph 12(g) below
shall be considered additional rent due from Tenant to Landlord under the terms of this Lease. 
 (g)    Late
Charges. Tenant acknowledges that in addition to interest costs the late payments by Tenant to Landlord of any monthly installment of Basic Annual Rent Additional Rent or other sums due under this Lease will cause Landlord to incur costs not
contemplated by this Lease, the exact amount of such costs being extremely difficult and impractical to fix. Such other costs include without limitation, processing, administrative and accounting charges and late charges that may be imposed on
Landlord by the terms of any mortgage deed of trust or related loan documents encumbering the Premises, the Building or the Project. Accordingly if any monthly installment of Annual Basic Rent Additional Rent or any other amount payable by Tenant
hereunder is not received by Landlord by the due date thereof, Tenant shall pay to Landlord an additional sum of five percent (5%) of the overdue amount as a late charge, but in no event more than the maximum late charge allowed by law. The parties
agree that such late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of any late payment as hereinabove referred to by Tenant, and the payment of late charges and interest are distinct and separate in
that the payment of interest is to compensate Landlord for the use of Landlord’s money by Tenant, while the payment of late charges is to compensate Landlord for Landlord s processing administrative and other costs incurred by Landlord as a
result of Tenant’s delinquent payments. Acceptance of a late charge or interest shall not constitute a waiver of Tenant’s default with respect to the overdue amount or prevent Landlord from exercising any of the other rights and remedies
available to Landlord under this Lease or at law or in equity now or hereafter in effect. 

  
 25. 

 (h)    Rights and Remedies Cumulative. All rights, options and
remedies of Landlord contained in this Paragraph 12 and elsewhere in this Lease shall be construed and held to be cumulative, and no one of them shall be exclusive of the other, and Landlord shall have the right to pursue any one or all of
such remedies or any other remedy or relief which may be provided by law or in equity whether or not stated in this Lease. Nothing in this Paragraph 12 shall be deemed to limit or otherwise affect Tenants indemnification of Landlord pursuant
to any provision of this Lease. 
 (i)    Tenant’s Waiver of Redemption. Tenant hereby waives and surrenders
for itself and all those claiming under it, including creditors of all kinds, (i) any right and privilege which it or any of them may have under any present or future law to redeem any of the Premises or to have a continuance of this Lease
after termination of this Lease or of Tenants right of occupancy or possession pursuant to any court order or any provision hereof, and (ii) the benefits of any present or future law which exempts property from liability for debt or for
distress for rent. 
 (j)    Costs Upon Default and Litigation. Tenant shall pay to Landlord and its mortgagees
as additional rent all the expenses incurred by Landlord or its mortgagees in connection with any default by Tenant hereunder or the exercise of any remedy by reason of any default by Tenant hereunder, including reasonable attorneys’ fees and
expenses. If Landlord or its mortgagees shall be made a party to any litigation commenced against Tenant or any litigation pertaining to this Lease or the Premises, at the option of Landlord and/or its mortgagees, Tenant, at its expense shall
provide Landlord and/or its mortgagees with counsel approved by Landlord and/or its mortgagees and shall pay all costs incurred or paid by Landlord and/or its mortgagees in connection with such litigation. 

 

	13.	 ACCESS; CONSTRUCTION 

Landlord reserves from the lease hold estate hereunder, in addition to all other rights reserved by Landlord under this Lease, the right to use
the roof and exterior walls of the Premises and the area beneath, adjacent to and above the Premises, Landlord also reserves the right to install use maintain, repair replace and relocate equipment machinery, meters, pipes, ducts plumbing conduits
and wiring through the Premises, which serve other portions of the Building or the Project in a manner and in locations which do not unreasonably interfere with Tenant’s use of the Premises. In addition, Landlord shall have free access to any
and all mechanical installations of Landlord or Tenant, including, without limitation, machine rooms telephone rooms and electrical closets. Tenant agrees that there shall be no construction of partitions or other obstructions which materially
interfere with or which threaten to materially interfere with Landlord’s free access thereto, or materially interfere with the moving of Landlord’s equipment to or from the enclosures containing said installations. Upon at least
twenty-four (24) hours prior notice (except in the event of an emergency, when no notice shall be necessary), Landlord reserves and shall at any time and all times have the right to enter the Premises to inspect the same, to supply janitorial
service and any other service to be provided by Landlord to Tenant hereunder to exhibit the Premises to prospective purchasers, lenders or tenants to post notices of non-responsibility, to alter, improve,
restore, rebuild or repair the Premises or any other portion of the Building, or to do any other act permitted or contemplated to be done by Landlord hereunder, all without being deemed guilty of an eviction of Tenant and without liability for
abatement of Rent or otherwise. For such purposes Landlord may also erect scaffolding and other necessary structures where reasonably required by the character of the work to be performed. Landlord shall conduct all such inspections and/or
improvements, alterations and repairs so as to minimize, to the extent reasonably practical and without additional expense to Landlord, any interruption of or interference with the business of Tenant. Tenant hereby waives any claim for damages for
any injury or inconvenience to or interference with Tenant’s business any loss of occupancy or quiet enjoyment of the Premises and any other loss occasioned thereby. For each of such purposes, Landlord shall at all times have and retain a key
with which to unlock all of the doors in, upon and about the Premises (excluding Tenant’s vaults and safes, access to which shall be provided by Tenant upon Landlord’s reasonable request). Landlord shall have the right to use any and all
means which Landlord may deem proper in an emergency in order to obtain entry to the Premises or any portion thereof, and Landlord shall have the right, at any time during the Lease Term, to provide whatever access control measures it deems
reasonably necessary to the Project without any interruption or abatement in the payment of Rent by Tenant. Any entry into the Premises obtained by Landlord by any of such means shall not under any circumstances be construed to be a forcible or
unlawful entry into, or a detainer of the Premises, or any eviction of Tenant from the Premises or any portion thereof. No provision of this Lease shall be construed as obligating Landlord to perform any repairs, Alterations or decorations to the
Premises or the Project except as otherwise expressly agreed to be performed by Landlord pursuant to the provisions of this Lease. 

  
 26. 

	14.	 BANKRUPTCY 

(a)    If at any time on or before the Commencement Date there shall be filed by or against Tenant in any court, tribunal,
administrative agency or any other forum having jurisdiction, pursuant to any applicable law, either of the United States or of any state, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver, trustee or
conservator of all or a portion of Tenant’s property, or if Tenant makes an assignment for the benefit of creditors this Lease shall ipso facto be canceled and terminated and in such event neither Tenant nor any person claiming through
or under Tenant or by virtue of any applicable law or by an order of any court, tribunal, administrative agency or any other forum having jurisdiction, shall be entitled to possession of the Premises and Landlord, in addition to the other rights and
remedies given by Paragraph 12 hereof or by virtue of any other provision contained in this Lease or by virtue of any applicable law, may retain as damages any Rent, Security Deposit or moneys received by it from Tenant or others on behalf of
Tenant. 
 (b)    If, after the Commencement Date or if at any time during the Lease Term, there shall be filed against
Tenant in any court tribunal, administrative agency or any other forum having jurisdiction pursuant to any applicable law either of the United States or of any state, a petition in bankruptcy or insolvency or for reorganization or for the
appointment of a receiver trustee or conservator of all or a portion of Tenant’s property, and the same is not dismissed after sixty (60) calendar days, or if Tenant makes an assignment for the benefit of creditors, this Lease, at the
option of Landlord exercised within a reasonable time after notice of the happening of any one or more of such events, may be canceled and terminated and in such event neither Tenant nor any person claiming through or under Tenant or by virtue of
any statute or of an order of any court shall be entitled to possession or to remain in possession of the Premises but shall forthwith quit and surrender the Premises, and Landlord in addition to the other rights and remedies granted by Paragraph
12 hereof or by virtue of any other provision contained in this Lease or by virtue of any applicable law, may retain as damage any Rent Security Deposit or moneys received by it from Tenant or others on behalf of Tenant. 

(c)    In the event of the occurrence of any of those events specified in this Paragraph 14, if Landlord shall not
choose to exercise or by applicable law shall not be able to exercise, its rights hereunder to terminate this Lease upon the occurrence of such events, then, in addition to any other rights of Landlord hereunder or by virtue of applicable law
(i) Landlord shall not be obligated to provide Tenant with any of the utilities or services specified in Paragraph 7, unless Landlord has received compensation in advance for such utilities or services and the parties agree that
Landlord’s reasonable estimate of the compensation required with respect to such services shall control. and (ii) neither Tenant as debtor-in-possession, nor
any trustee or other person (hereinafter collectively referred to as the “Assuming Tenant”) shall be entitled to assume this Lease unless on or before the date of such assumption, the Assuming Tenant (x) cures or provides
adequate assurance that the latter will promptly cure, any exiting default under this Lease, (y) compensates, or provides adequate assurance that the Assuming Tenant will promptly compensate Landlord for any pecuniary loss (including without
limitation attorneys’ fees and disbursements) resulting from such default and (z) provides adequate assurance of future performance under this Lease, it being covenanted and agreed by the parties that for such purposes any cure or
compensation shall be effected by the immediate payment of any monetary default or any required compensation or the immediate correction or bonding of any nonmonetary default. For purposes of this Lease, (i) any “adequate assurance”
of such cure or compensation shall be effected by the establishment of an escrow fund for the amount at issue or by the issuance of a bond, and (ii) “adequate assurance” of future performance shall be effected by the establishment of an
escrow fund for the amount at issue or by the issuance of a bond. 
  

	15.	 SUBSTITUTION OF PREMISES 

Subject to the conditions specified in this Paragraph 15, Landlord reserves the right without Tenant’s consent, on thirty
(30) days’ prior written notice to Tenant, to substitute other premises within the Project for the Premises. ln each such case, the substituted premises shall (a) contain at least substantially the same Rentable Area as the Premises,
(b) contain comparable tenant improvements, and (c) be made available to Tenant at the then current rental rate for such space, which in no event, shall exceed the per square foot rental rate for the Premises in effect under this Lease for
the Premises at the time of such substitution. Landlord shall pay all reasonable moving expenses of Tenant incidental to such substitution of premises. 

  
 27. 

	16.	 SUBORDINATION; ATTORNMENT; ESTOPPEL CERTIFICATES 

(a)    Tenant agrees that this Lease and the rights of Tenant hereunder shall be subject and subordinate to any and all
deeds to secure debt, deeds of trust security interests, mortgages, master leases ground leases or other security documents and any and all modifications renewals, extensions consolidations and replacements thereof (collectively, “Security
Documents”) which now or hereafter constitute a lien upon or affect the Project, the Building or the Premises. Such subordination shall be effective without the necessity of the execution by Tenant of any additional document for the purpose
of evidencing or effecting such subordination. In addition, Landlord shall have the right to subordinate or cause to be subordinated any such Security Documents to this Lease and in such case, in the event of the termination or transfer of
Landlord’s estate or interest in the Project by reason of any termination or foreclosure of any such Security Documents Tenant shall, notwithstanding such subordination, attorn to and become the Tenant of the successor-in-interest to Landlord at the option of such successor-in-interest. Furthermore, Tenant shall within ten
(10) days of demand therefor execute any instruments or other documents which may be required by Landlord or the holder of any Security Document and specifically shall execute, acknowledge and deliver within ten (10) days of demand
therefor a subordination of lease or subordination of deed of trust or mortgage, in the form required by the holder of the Security Document requesting the document; the failure to do so by Tenant within such time period shall be a material default
hereunder provide d, however, the new landlord or the holder of any Security Document shall agree that Tenant’s quiet enjoyment of the Premises shall not be disturbed as long as Tenant is not in default under this Lease. 

(b)    lf any proceeding is brought for default under any ground or master lease to which this Lease is subject or in the
event of foreclosure or the exercise of the power of sale under any mortgage deed of trust or other Security Document made by Landlord covering the Premises, at the election of such ground lessor master lessor or purchaser at foreclosure, Tenant
shall attorn to and recognize the same a Landlord under this Lease, provided such successor expressly agrees in writing to be bound to all future obligations by the terms of this Lease, and if so requested, Tenant shall enter into a new lease with
that successor on the same terms and conditions as are contained in this Lease (for the unexpired Lease Term then remaining). Tenant hereby waives its rights under any current or future law which gives or purports to give Tenant any right to
terminate or otherwise adversely affect this Lease and the obligations of Tenant hereunder in the event of any such foreclosure proceeding or sale. 

(c)    In addition to any statutory lien for Rent in Landlord’s favor Landlord (the secured party for purposes
hereof) shall have and Tenant (the debtor for purposes hereof) hereby grants to Landlord, an express contract lien and a continuing security interest to secure the payment of all Rent due hereunder from Tenant, upon all goods, wares, equipment,
fixtures, furniture, inventory and other tangible personal property of Tenant (and any transferees or other occupants of the Premises) presently or hereafter situated on the Premises and upon all proceeds of any insurance which may accrue to Tenant
by reason of damage or destruction of any such property. Ln the event of a default under this Lease, Landlord shall have, in addition to any other remedies provided herein or by law, all rights and remedies under the Uniform Commercial Code of the
state in which the Premises is located including without limitation the right to sell the property described in this paragraph at public or private sale upon ten (10) days’ notice to Tenant, which notice Tenant hereby agrees is adequate
and reasonable. Tenant hereby agrees to execute such other instruments necessary or desirable in Landlord’s discretion to perfect the security interest hereby created. Any statutory lien for Rent is not hereby waived, the express contractual
lien herein granted being in addition and supplementary thereto. Landlord and Tenant agree that this Lease and the security interest granted herein serve as a financing statement, and a copy or photographic or other reproduction of this paragraph of
this Lease may be filed of record by Landlord and have the same force and effect as the original Tenant warrants and represents that the collateral subject to the security interest granted herein is not purchased or used by Tenant for personal,
family or household purposes. Tenant further warrants and represent to Landlord that the lien granted herein constitutes a first and superior lien and that Tenant will not allow the placing of any other lien upon any of the property described in
this paragraph without the prior written consent of Landlord. Notwithstanding the provisions of this Paragraph 16(c) to the contrary, if Tenant desires to obtain a loan secured by Tenant’s personal property in the Premises and requests
that Landlord execute a lien waiver in connection therewith, Landlord shall, in its reasonable discretion, based upon Landlord’s review of Tenant’s financial condition, agree to subordinate its lien rights to the rights of Tenant’s
lender pursuant to a lien subordination on Landlord’s standard form, provided that Tenant delivers such request in writing to Landlord together with a non-refundable processing fee in the amount of Five
Hundred Dollars ($500.00). Notwithstanding the foregoing, however if Landlord incurs processing costs (including attorneys’ fees) in connection with any such request which exceed Five Hundred Dollars ($500.00), then Tenant shall reimburse
Landlord for such excess within three (3) business days following Tenant’s receipt of invoice(s) therefor from Landlord. Nothing in this Paragraph 16(c) shall permit Tenant to encumber its leasehold interest in the Premises. 

  
 28. 

 (d)    Tenant shall, upon not less than ten (10) days’ prior
notice by Landlord execute, acknowledge and deliver to Landlord a statement in writing certifying to those facts for which certification has been requested by Landlord or any current or prospective purchaser holder of any Security Document, ground
lessor or master lessor, including, but without limitation, that (i) this Lease is unmodified and in full force and effect (or if there have been modifications, that the same is in full force and effect as modified and stating the
modifications), (ii) the dates to which the Basic Annual Rent, Additional Rent and other charges hereunder have been paid, if any, and (iii) whether or not to the best knowledge of Tenant, Landlord is in default in the performance of any
covenant, agreement or condition contained in this Lease and, if so, specifying each such default of which Tenant may have knowledge. The form of the statement attached hereto as Exhibit E is hereby approved by Tenant for use pursuant
to this subparagraph (d); however, at Landlord’s option, Landlord shall have the right to use other forms for such purpose. Tenant’s failure to execute and deliver such statement within such time shall, at the option of Landlord,
constitute a material default under this Lease and, in any event, shall be conclusive upon Tenant that this Lease is in full force and effect without modification except as may be represented by Landlord in any such certificate prepared by Landlord
and delivered to Tenant for execution. Any statement delivered pursuant to this Paragraph 16 may be relied upon by any prospective purchaser of the fee of the Building or the Project or any mortgagee, ground lessor or other like encumbrancer
thereof or any assignee of any such encumbrance upon the Building or the Project. 
  

	17.	 SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY 

(a)    In the event of a sale or conveyance by Landlord of the Building or the Project, Landlord shall be released from any
and all liability under this Lease. If the Security Deposit has been deposited by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice thereof,
Landlord shall be discharged from any further liability in reference thereto. 
 (b)    Landlord shall not be in default
of any obligation of Landlord hereunder unless Landlord fails to perform any of its obligations under this Lease within thirty (30) days after receipt of written notice of such failure from Tenant; provided, however, that if the nature of
Landlord s obligation is such that more than thirty (30) days are required for its performance, Landlord shall not be in default if Landlord commences to cure such default within the thirty (30) day period and thereafter diligently
prosecutes the same to completion. All obligations of Landlord under this Lease will be binding upon Landlord only during the period of its ownership of the Project and not thereafter. All obligations of Landlord hereunder shall be construed as
covenants not conditions and, except as may be otherwise expressly provided in this Lease Tenant may not terminate this Lease for breach of Landlord’s obligations hereunder. 

(c)    Notwithstanding anything contained in this Lease to the contrary the obligations of Landlord under this Lease
(including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors officers, trustees, members or shareholders of Landlord or Landlord’s members or partners, and Tenant
shall not seek recourse against the individual partners, directors, officers, trustees, members or shareholders of Landlord or against Landlord’s members or partners or against any other persons or entities having any interest in Landlord, or
against any of their personal assets for satisfaction of any liability with respect to this Lease. Any liability of Landlord for a default by Landlord under this Lease, or a breach by Landlord of any of its obligations under the Lease, shall be
limited solely to its interest in the Project, and in no event shall any personal liability be asserted against Landlord and/or any Landlord Indemnitee in connection with this Lease nor shall any recourse be had to any other property or assets of
Landlord its partners, directors, officers, trustees, members shareholders or any other persons or entities having any interest in Landlord. Tenant’s sole and exclusive remedy for a default or breach of this Lease by Landlord shall be either
(i) an action for damages, or (ii) an action for injunctive relief; Tenant hereby waiving and agreeing that Tenant shall have no offset rights or right to terminate this Lease on account of any breach or default by Landlord under this
Lease. Under no circumstances whatsoever shall Landlord ever be liable for punitive, consequential or special damages or loss of profits under this Lease and Tenant waives any rights it may have to such damages under this Lease in the event of a
breach or default by Landlord under this Lease. 
 (d)    As a condition to the effectiveness of any notice of default
given by Tenant to Landlord Tenant shall also concurrently give such notice under the provisions of Paragraph 17(b) to each beneficiary under a Security Document encumbering the Project of whom Tenant has received written notice (such notice
to specify the address of 

  
 29. 

 
the beneficiary). In the event Landlord shall fail to cure any breach or default within the time period specified in subparagraph (b), then prior to the pursuit of any remedy therefor by
Tenant, each such beneficiary shall have an additional thirty (30) days within which to cure such default, or if such default cannot reasonably be cured within such period then each such beneficiary shall have such additional time as shall be
necessary to cure such default, provided that within such thirty (30) day period, such beneficiary has commenced and is diligently pursuing the remedies available to it which are necessary to cure such default (including, without limitation, as
appropriate commencement of foreclosure proceedings). 
  

	18.	 PARKING; COMMON AREAS 

(a)    Tenant shall have the right to the nonexclusive use of the number of parking spaces located in the parking areas of
the Project specified in Item 13 of the Basic Lease Provisions for the parking of operational motor vehicles used by Tenant, its officers and employees only. Landlord reserves the right at any time upon written notice to Tenant, to designate
the location of Tenant’s parking spaces as determined by Landlord in its reasonable discretion. The use of such spaces shall be subject to the rules and regulations adopted by Landlord from time to time for the use of the parking areas.
Landlord further reserves the right to make such changes to the parking system as Landlord may deem necessary or reasonable from time to time; i.e., Landlord may provide for one or a combination of parking systems, including, without limitation,
self-parking, single or double stall parking spaces and valet assisted parking. Except as otherwise expressly agreed to in this Lease, Tenant agrees that Tenant its officers and employees shall not be entitled to park in any reserved or specially
assigned areas designated by Landlord from time to time in the Project’s parking areas. Landlord may require execution of an agreement with respect to the use of such parking areas by Tenant and/or its officers and employees in form reasonably
satisfactory to Landlord as a condition of any such use by Tenant, its officers and employees. A default by Tenant, its officers or employees in the payment of such charges the compliance with such rules and regulations, or the performance of such
agreement(s) shall constitute a material default by Tenant hereunder. Tenant shall not permit or allow any vehicles that belong to or are controlled by Tenant or Tenant’s officers, employees, suppliers, shippers, customers or invitees to be
loaded, unloaded or parked in areas other than those designated by Landlord for such activities. If Tenant permits or allows any of the prohibited activities described in this Paragraph, then Landlord shall have the right, without notice, in
addition to such other rights and remedies that it may have, to remove or tow away the vehicle involved and charge the cost to Tenant which cost shall be immediately payable upon demand by Landlord. As used herein, the term “Adjustment
Date” shall mean each anniversary of the Commencement Date. As used herein the term “CPI Increase” shall mean for a particular twelve (12) calendar month period, the percentage increase (rounded to two (2) decimal
places), if any, in (A) the Cost of Living Index (hereinafter defined) published for the month that is two (2) months prior to the applicable Adjustment Date, over (B) the Cost of Living Index published for the month that is fourteen
(14) months prior to the applicable Adjustment Date. For purposes of this Lease, the term “Cost of Living Index” shall mean the Consumer Price Index for All Urban Consumers, U.S. City Average (1982-1984 = 100), published by the
Bureau of Labor Statistics, U.S. Department of Labor or any successor thereto (the “BLS”), or such other renamed index. If the BLS changes the publication frequency of the Cost of Living Index so that a Cost of Living Index is not
available to make a cost-of-living adjustment as specified herein, the cost-of-living
adjustment shall be based on the percentage difference between the Cost of Living Index for the closest preceding month for which a Cost of Living Index is available and the Cost of Living Index for the comparison month as required by this Lease
(adjusted to reflect a 12 month period). If the BLS changes the base reference period for the Cost of Living Index from 1982-1984 = 100 the cost-of-living adjustment
shall be determined with the use of such conversion formula or table as may be published by the BLS. If the BLS otherwise substantially revises, or ceases publication of, the Cost of Living Index, then a substitute index for determining cost-of-living adjustments, issued by the BLS or by a reliable governmental or other nonpartisan publication, shall be reasonably selected by Landlord. 

(b)    Subject to subparagraph (c) below and the remaining provisions of this Lease, Tenant shall have the
nonexclusive right, in common with others, to the use of such entrances, lobbies, restrooms, elevators, ramps, drives, stairs, and similar access ways and service ways and other common areas and facilities in and adjacent to the Building and the
Project as are designated from time to time by Landlord for the general nonexclusive use of Landlord, Tenant and the other tenants of the Project and their respective employees, agents, representatives, licensees and invitees (“Common
Areas”). The use of such Common Areas shall be subject to the rules and regulations contained herein and the provisions of any covenants, conditions and restrictions affecting the Building or the Project. Tenant shall keep all of the Common
Areas free and clear of any obstructions created or permitted by Tenant or resulting from Tenant’s operations, and shall use the Common Areas only for normal activities parking and ingress and egress by Tenant and

  
 30. 

 
its employees, agents representatives, licensees and invitees to and from the Premises, the Building or the Project. If, in the reasonable opinion of Landlord, unauthorized persons are using the
Common Areas by reason of the presence of Tenant in the Premises, Tenant, upon demand of Landlord shall correct such situation by appropriate action or proceedings against all such unauthorized persons. Nothing herein shall affect the rights of
Landlord at any time to remove any such unauthorized persons from said areas or to prevent the use of any of said areas by unauthorized persons. Landlord reserves the right to make such changes, alterations, additions, deletions, improvements,
repairs or replacements in or to the Building, the Project (including the Premises) and the Common Areas as Landlord may reasonably deem necessary or desirable, including, without limitation constructing new buildings and making changes in the
location size shape and number of driveways, entrances, parking spaces, parking areas, loading areas, landscaped areas and walkways; provided however, that (i) there shall be no unreasonable permanent obstruction of access to or use of the
Premises resulting therefrom and (ii) Landlord shall use commercially reasonable efforts to minimize any interruption with Tenant s use of the Premises. In the event that the Project is not completed on the date of execution of this Lease,
Landlord shall have the sole judgment and discretion to determine the architecture, design appearance construct ion, workmanship, materials and equipment with respect to construction of the Project. Notwithstanding any provision of this Lease to the
contrary, the Common Areas shall not in any event be deemed to be a portion of or included within the Premises leased to Tenant and the Premises shall not be deemed to be a portion of the Common Areas. This Lease is granted subject to the terms
hereof, the rights and interests of third parties under existing liens, ground leases easements and encumbrances affecting such property, all zoning regulations, rules, ordinances, building restrictions and other laws and regulations now in effect
or hereafter adopted by any governmental authority having jurisdiction over the Project or any part thereof. 

(c)    Notwithstanding any provision of this Lease to the contrary, Landlord specifically reserves the right to redefine
the term “Project” for purposes of allocating and calculating Operating Costs so as to include or exclude areas as Landlord shall from time to time determine or specify (and any such determination or specification shall be without
prejudice to Landlord’s right to revise thereafter such determination or specification). In addition, Landlord shall have the right to contract or otherwise arrange for amenities, services or utilities (the cost of which is included within
Operating Costs) to be on a common or shared basis to both the Project (i.e., the area with respect to which Operating Costs are determined) and adjacent areas not included within the Project so long as the basis on which the cost of such amenities,
services or utilities is allocated to the Project is determined on an arms-length basis or some other basis reasonably determined by Landlord. In the case where the definition of the Project is revised for purposes of the allocation or determination
of Operating Costs (i) Tenant’s Proportionate Share of the Building shall be appropriately revised to equal the percentage share of all Rentable Area contained within the Building (as then defined) represented by the Premises and
(ii) Tenant’s Proportionate Share of the Project shall be appropriately revised to equal the percentage share of all Rentable Area contained within the Project (as then defined) represented by the Premises. The Rentable Area of the Project
is subject to adjustment by Landlord from time to time to reflect any re-measurement thereof by Landlord’s architect, at Landlord’s request, and/or as a result of any additions or deletions to any of
the buildings in the Project as designated by Landlord. Notwithstanding the foregoing, Landlord agrees that in no event shall Tenant’s Proportionate Share of Operating Costs increase due to Landlord redefining the term “Project.”
Landlord shall have the sole right to determine which portions of the Project and other areas, if any, shall be served by common management, operation, maintenance and repair. Landlord shall also have the right, in its sole discretion, to allocate
and prorate any portion or portions of the Operating Costs on a building-by-building bas is, on an aggregate basis of all buildings in the Project, or any other
reasonable manner, and if allocated on a building-by-building basis, then Tenant’s Proportionate Share shall, as to the portion of the Operating Costs so allocated,
be based on the ratio of the Rentable Area of the Premises to the Rentable Area of the Building. Landlord shall have the exclusive rights to the airspace above and around and the subsurface below, the Premises and other portions of the Building and
Project. 
  

	19.	 MISCELLANEOUS 

(a)    Attorneys’ Fees. In the event of any legal action or proceeding brought by either party against the
other arising out of this Lease, the prevailing party shall be entitled to recover reasonable attorneys’ fees and costs (including without limitation court costs and expert witness fees) incurred in such action. Such amounts shall be included
in any judgment rendered in any such action or proceeding. 
 (b)    Waiver. No waiver by Landlord of any
provision of this Lease or of any breach by Tenant hereunder shall be deemed to be a waiver of any other provision hereof, or of any subsequent breach by Tenant. Landlord’s consent to or approval of any act by Tenant requiring Landlord’s
consent or approval under this Lease shall not be 

  
 31. 

 
deemed to render unnecessary the obtaining of Landlord’s consent to or approval of any subsequent act of Tenant. No act or thing done by Landlord or Landlord’s agents during the Lease
Term shall be deemed an acceptance of a surrender of the Premises, unless in writing signed by Landlord. The delivery of the keys to any employee or agent of Landlord shall not operate as a termination of the Lease or a surrender of the Premises.
The acceptance of any Rent by Landlord following a breach of this Lease by Tenant shall not constitute a waiver by Landlord of such breach or any other breach unless such waiver is expressly stated in a writing signed by Landlord. 

(c)    Notices. Any notice, demand, request, consent, approval, disapproval or certificate
(“Notice”) required or desired to be given under this Lease shall be in writing and given by certified mail return receipt requested, by personal delivery or by a nationally recognized overnight delivery service (such as Federal
Express or UPS) providing a receipt for delivery. Notices may not be given by facsimile. The date of giving any Notice shall be deemed to be the date upon which delivery is actually made by one of the methods described in this Section 19(c) (or
attempted if said delivery is refused or rejected). If a Notice is received on a Saturday, Sunday or legal holiday it shall be deemed received on the next business day. All notices, demands, requests, consents, approvals, disapprovals, or
certificates shall be addressed at the address specified in Item 14 of the Basic Lease Provisions or to such other addresses as may be specified by written notice from Landlord to Tenant and if to Tenant, at the Premises. Either party may
change its address by giving reasonable advance written Notice of its new address in accordance with the methods described in this Paragraph; provided, however, no notice of either party’s change of address shall be effective until fifteen
(15) days after the addressee s actual receipt thereof. For the purpose of this Lease, Landlord’s counsel may provide Notices to Tenant on behalf of Landlord and such notices shall be binding on Tenant as if such notices have been provided
directly by Landlord. 
 (d)    Access Control. Landlord shall be the sole determinant of the type and amount of
any access control or courtesy guard services to be provided to the Project, if any. IN ALL EVENTS, LANDLORD SHALL NOT BE LIABLE TO TENANT, AND TENANT HEREBY WAIVES ANY CLAIM AGAINST LANDLORD, FOR (I) ANY UNAUTHORIZED OR CRIMINAL ENTRY OF THIRD
PARTIES INTO THE PREMISES, THE BUILDING OR THE PROJECT, (II) ANY DAMAGE TO PERSONS, OR (III) ANY LOSS OF PROPERTY IN AND ABOUT THE PREMISES, THE BUILDING OR THE PROJECT, BY OR FROM ANY UNAUTHORIZED OR CRIMINAL ACTS OF THIRD PARTIES,
REGARDLESS OF ANY ACTION, INACTION, FAILURE, BREAKDOWN, MALFUNCTION AND/OR INSUFFICIENCY OF THE ACCESS CONTROL OR COURTESY GUARD SERVICES PROVIDED BY LANDLORD, IF ANY. Tenant shall provide such supplemental security services and shall install within
the Premises such supplemental security equipment, systems and procedures as may reasonably be required for the protection of its employees and invitees, provided that Tenant shall coordinate such services and equipment with any security provided by
Landlord. The determination of the extent to which such supplemental security equipment, systems and procedures are reasonably required shall be made in the sole judgment, and shall be the sole responsibility, of Tenant. Tenant acknowledges that it
has neither received nor relied upon any representation or warranty made by or on behalf of Landlord with respect to the safety or security of the Premises or the Project or any part thereof or the extent or effectiveness of any security measures or
procedures now or hereafter provided by Landlord, and further acknowledges that Tenant has made its own independent determinations with respect to all such matters. 

(e)    Storage. Any storage space at any time leased to Tenant hereunder shall be used exclusively for storage.
Notwithstanding any other provision of this Lease to the contrary, (i) Landlord shall have no obligation to provide heating, cleaning, water or air conditioning therefor and (ii) Landlord shall be obligated to provide to such storage space
only such electricity as will in Landlord’s judgment, be adequate to light said space as storage space. 

(f)    Holding Over. If Tenant retains possession of the Premises after the termination or expiration of the Lease
Term, then Tenant shall, at Landlord’s election, become a tenant at sufferance (and not a tenant at will), such possession shall be subject to immediate termination by Landlord at any time, and all of the other terms and provisions of this
Lease (excluding any expansion or renewal option or other similar right or option) shall be applicable during such holdover period, except that Tenant shall pay Landlord from time to time, upon demand, as Basic Annual Rent for the holdover period an
amount equal to one hundred fifty percent (150%) of the Basic Annual Rent in effect on the termination date, computed on a monthly basis for each month or part thereof during such holding over. All other payments (including payments of Additional
Rent) shall continue under the terms of this Lease. In addition, Tenant shall be liable for all damages incurred by Landlord as a result of such holding over. No holding over by Tenant, whether with or without consent of Landlord, shall operate to
extend this Lease except as otherwise expressly provided, and this Paragraph shall not be construed as consent for Tenant to retain possession of the Premises. 

  
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 (g)    Condition of Premises. EXCEPT AS OTHER WISE EXPRESSLY
PROVIDED IN THIS LEASE LANDLORD HEREBY DISCLAIMS ANY EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY THAT THE PREMISES ARE SUITABLE FOR TENANT’S INTENDED PURPOSE OR USE WHICH DISCLAIMER IS HEREBY ACKNOWLEDGED BY TENANT. THE TAKING OF POSSESSION
BY TENANT SHALL BE CONCLUSIVE EVIDENCE THAT TENANT: 
 (i)    ACCEPTS THE PREMISES, THE BUILDING AND
LEASEHOLD IMPROVEMENTS AS SUITABLE FOR THE PURPOSES FOR WHICH THE PREMISES WERE LEASED; 

(ii)    ACCEPTS THE PREMISES AND PROJECT AS BEING IN GOOD AND SATISFACTORY CONDITION; 

(iii)    WAIVES ANY DEFECTS TN THE PREMISES AND ITS APPURTENANCES EXISTING NOW OR IN THE FUTURE, EXCEPT
THAT TENANT’S TAKING OF POSSESSION SHALL NOT BE DEEMED TO WAIVE LANDLORD’S COMPLETION OF MINOR FINISH WORK IT EMS THAT DO NOT INTERFERE WITH TENANTS OCCUPANCY OF THE PREMISES; AND 

(iv)    WAIVES ALL CLAIMS BASED ON ANY IMPLIED WARRANTY OF SUITABILITY OR HABITABILITY. 

(h)    Quiet Possession. Upon Tenant’s paying the Rent reserved hereunder and observing and performing all of
the covenants conditions and provisions on Tenant’s part to be observed and performed hereunder Tenant shall have quiet possession of the Premises for the term hereof without hindrance or ejection by any person lawfully claiming under Landlord,
subject to the provisions of this Lease and to the provision s of any (i) covenants, conditions and restrictions, (ii) master lease, or (iii) Security Documents to which this Lease is subordinate or may be subordinated. 

(i)    Matters of Record. Except as otherwise provided herein, this Lease and Tenant’s rights hereunder are
subject and subordinate to all matter affecting Landlord s title to the Project recorded in the Real Property Records of the County in which the Project is located prior to and subsequent to the date hereof including, without limitation, all
covenants, conditions and restrictions. Tenant agrees for itself and all persons in possession or holding under it that it will comply with and not violate any such covenants, conditions and restrictions or other matters of record. Landlord reserves
the right from time to time, to grant such easements, rights and dedications as Landlord deems necessary or desirable and to cause the recordation of parcel maps and covenants, conditions and restrictions affecting the Premises, the Building or the
Project, as long as such easements, rights, dedications, maps, and covenants, conditions and restrictions do not materially interfere with the use of the Premises by Tenant. At Landlord’s request, Tenant shall join in the execution of any of
the aforementioned documents. 
 (j)    Successors and Assigns. Except as otherwise provided in this Lease, all
of the covenants conditions and provisions of this Lease shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors and assigns. Tenant shall attorn to each purchaser,
successor or assignee of Landlord. 
 (k)    Brokers. Tenant warrants that it has had no dealings with any real
estate broker or agent in connection with the negotiation of this Lease, excepting only the brokers named in Item 12 of the Basic Lease Provisions and that it knows of no other real estate broker or agent who is or might be entitled to a
commission in connection with this Lease. Tenant hereby agrees to indemnify, defend and hold Landlord harmless for, from and against all claims for any brokerage commissions, finders’ fees or similar payments by any persons other than those
listed in Item 12 of the Basic Lease Provisions and all costs, expenses and liabilities incurred in connection with such claims, including reasonable attorneys’ fees and costs. Landlord shall pay a commission to the brokers named in Item
12 of the Basic Lease Provisions pursuant to a separate written agreement. 

  
 33. 

 (l)    Project or Building Name and Signage. Landlord shall have
the right at any time to change the name of the Project or Building and to install, affix and maintain any and all signs on the exterior and on the interior of the Project or Building as Landlord may, in Landlord’s sole discretion, desire.
Tenant shall not use the name of the Project or Building or use pictures or illustrations of the Project or Building in advertising or other publicity or for any purpose other than as the address of the business to be conducted by Tenant in the
Premises without the prior written consent of Landlord. Additionally, Landlord shall have the exclusive right at all times during the Lease Term to change, modify add to or otherwise alter the name, number, or designation of the Building and/or the
Project and Landlord shall not be liable for claims or damages of any kind which may be attributed thereto or result therefrom. 

(m)    Examination of Lease. Submission of this instrument for examination or signature by Tenant does not
constitute a reservation of or option for lease and it is not effective as a lease or otherwise until execution by and delivery to both Landlord and Tenant. 

(n)    Time. Time is of the essence of this Lease and each and all of its provisions. 

(o)    Defined Terms and Marginal Headings. The words “Landlord” and “Tenant” as
used herein shall include the plural as well as the singular and for purposes of Article 5, Article 7, Article 13 and Article 18, the term Landlord shall include Landlord its employees, contractors and agents. If more
than one person is named as Tenant the obligations of such persons are joint and several. The marginal headings and titles to the articles of this Lease are not a part of this Lease and shall have no effect upon the construction or interpretation of
any part hereof. 
 (p)    Conflict of Laws; Prior Agreements; Separability. This Lease shall be governed by and
construed pursuant to the laws of the State of California. This Lease contains all of the agreements of the parties hereto with respect to any matter covered or mentioned in this Lease. No prior agreement, understanding or representation pertaining
to any such matter shall be effective for any purpose. No provision of this Lease may be amended or added to except by an agreement in writing signed by the parties hereto or their respective successors in interest. The illegality, invalidity or
unenforceability of any provision of this Lease shall in no way impair or invalidate any other provision of this Lease and such remaining provisions shall remain in full force and effect. 

(q)    Authority. If Tenant is a corporation or limited liability company each individual executing this Lease on
behalf of Tenant hereby covenants and warrants that Tenant is a duly authorized and existing corporation or limited liability company that Tenant has and is qualified to do business in the State that the corporation or limited liability company has
full right and authority to enter into this Lease, and that each person signing on behalf of the corporation is authorized to do so. If Tenant is a partnership or trust each individual executing this Lease on behalf of Tenant hereby covenants and
warrants that he is duly authorized to execute and deliver this Lease on behalf of Tenant in accordance with the terms of such entity’s partnership or trust agreement. Tenant shall provide Landlord on demand with such evidence of such authority
as Landlord shall reasonably request including, without limitation, resolutions certificates and opinions of counsel. This Lease shall not be construed to create a partnership, joint venture or similar relationship or arrangement between Landlord
and Tenant hereunder. 
 (r)    Joint and Several Liability. If two or more individuals, corporations,
partnerships or other business associations (or any combination of two or more thereof) shall sign this Lease as Tenant, the liability of each such individual, corporation, partnership or other business association to pay Rent and perform all other
obligations hereunder shall be deemed to be joint and several and all notices payments and agreements given or made by, with or to any one of such individuals, corporations, partnerships or other business associations shall be deemed to have been
given or made by, with or to all of them. In like manner, if Tenant shall be a partnership or other business association the members of which are, by virtue of statute or federal law, subject to personal liability, then the liability of each such
member shall be joint and several. 
 (s)    Rental Allocation. For purposes of Section 467 of the Internal
Revenue Code of 1986, as amended from time to time Landlord and Tenant hereby agree to allocate all Rent to the period in which payment is due, or if later, the period in which Rent is paid. 

(t)    Rules and Regulations. Tenant agrees to comply with all rules and regulation of the Building and the Project
imposed by Landlord as set forth on Exhibit D attached hereto, as the same may be changed from time to time upon reasonable notice to Tenant. Landlord shall not be liable to Tenant for the failure of any other tenant or any of its
assignees, subtenants, or their respective agents, employees, representatives, invitees or licensees to conform to such rules and regulations. 

  
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 (u)    Joint Product. This Lease is the result of arms-length
negotiations between Landlord and Tenant and their respective attorneys. Accordingly, neither party shall be deemed to be the author of this Lease and this Lease shall not be construed against either party. 

(v)    Financial Statements. Upon Landlord’s written request Tenant shall promptly furnish Landlord, from time
to time with the most current audited financial statements prepared in accordance with generally accepted accounting principles, certified by Tenant and an independent auditor to be true and correct reflecting Tenant s then current financial
condition. 
 (w)    Force Majeure. Any prevention, delay or stoppage due to strikes, lockouts, labor disputes,
acts of God, acts of war, terrorism terrorist activities, inability to obtain services, labor, or materials or reasonable substitutes therefore, governmental actions, civil commotions tire, flood earthquake or other casualty, and other causes beyond
the reasonable control of the party obligated to perform, except with respect to the obligations imposed with regard to Rent and other charges to be paid by Tenant pursuant to this Lease and except as to Tenant’s obligations under
Article 6 and Article 8 of this Lease and Section 19(f) of this Lease and any extension of the Construction Termination Date as set forth in Paragraph (d) of Exhibit
B to this Lease (collectively, a “Force Majeure”), notwithstanding anything to the contrary contained in this Lease shall excuse the performance of such party for a period equal to any such prevention delay or stoppage and,
therefore, if this Lease specifies a time period for performance of an obligation of either party, that time period shall be extended by the period of any delay in such party’s performance caused by a Force Majeure. 

(x)    Submission of Lease. Submission of this instrument for examination or signature by Tenant does not
constitute a reservation of, option for or option to lease, and it is not effective as a lease or otherwise until execution and delivery by both Landlord and Tenant. 

(y)    Landlord Reserved Rights. Notwithstanding anything in this Lease to the contrary, Landlord shall have the
following rights exercisable at any time without notice to Tenant, without Landlord being in breach of any provision of this Lease or any implied warranty, without liability to Tenant for damage or injury to property or business and without being
deemed an eviction or disturbance of Tenants use or possession of the Premises or giving rise to any claim for setoff or abatement of any Rent: (i) to change the name of the Project or Building, (ii) to designate and/or approve prior to
installation all types of signs, window shades, blinds or other similar items, and all internal lighting that may be visible from the exterior of the Premises (including, without limitation, outside of the Building), and (iii) to install, affix
and maintain, and enter into or act as a lessor or licensor in leases or licenses with third parties to install, affix and maintain, any signs in or about the interior or exterior of the Project or Building including, without limitation affixing any
signs to the outside, exterior walls of the Building or of any parking facilities or other structures within the Project, as Landlord may, in Landlord s sole discretion, desire. Tenant shall not use the name of the Project or Building or use
pictures or illustrations of the Project or Building in advertising or other publicity or for any purpose other than as the address of the business to be conducted by Tenant in the Premises, without the prior written consent of Landlord. 

(z)    Office and Communications Services. Landlord has advised Tenant that certain office and communications
services may be offered to tenants of the Building by a concessionaire under contract to Landlord (the “Provider”). Tenant shall be permitted to contract with Provider for the provision of any or all of such services on such terms
and conditions as Tenant and Provider may agree. Tenant acknowledges and agrees that: (i) Landlord has made no warranty or representation to Tenant with respect to the availability of any such services, or the quality, reliability or
suitability thereof; (ii) the Provider is not acting as the agent or representative of Landlord in the provision of such services, and Landlord shall have no liability or responsibility for any failure or inadequacy of such services or any
equipment or facilities used in the furnishing thereof; or any act or omission of Provider, or its agents, employees, representatives, officers or contractors; (iii) Landlord shall have no responsibility or liability for the installation
alteration, repair, maintenance, furnishing, operation adjustment or removal of any such services, equipment or facilities and (iv) any contract or other agreement between Tenant and Provider shall be independent of this Lease the obligations
of Tenant here under and the rights of Landlord hereunder and, without limiting the foregoing, no default or failure of Provider with respect to any such services equipment or facilities, or under any

  
 35. 

 
contract or agreement relating thereto, shall have any effect on this Lease or give to Tenant any offset or defense to the full and timely performance of its obligations hereunder or entitle
Tenant to any abatement of Basic Annual Rent or Additional Rent or any other payment required to be made by Tenant hereunder or constitute any accrual or constructive eviction of Tenant, or otherwise give rise to any other claim of any nature
against Landlord. 
 (aa)    Counterparts. This Lease may be executed in several counterparts, each of which
shall be deemed an original, and all of which shall constitute but one and the same instrument. 
 (bb)    WAIVER OF
JURY TRIAL. TENANT AND LANDLORD WAIVE ANY RIGHT TO TRIAL BY JURY OR TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, BETWEEN LANDLORD AND TENANT ARISING OUT OF THIS LEASE OR ANY OTHER
INSTRUMENT, DOCUMENT, OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED HERETO. 

(cc)    OFAC Compliance. 

(i)    Certification. Tenant certifies, represents, warrants and covenants that: 

(A)    It is not acting and will not act, directly or indirectly, for or on behalf of any person, group,
entity, or nation named by any Executive Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked Person”, or other banned or blocked person, entity, nation or transaction pursuant to any
law, order, rule or regulation that is enforced or administered by the Office of Foreign Assets Control; and 

(B)    It is not engaged in this transaction, directly or indirectly on behalf of, or instigating or
facilitating this transaction, directly or indirectly on behalf of, any such person, group, entity or nation. 

(ii)    Indemnity. Tenant hereby agrees to defend (with counsel reasonably acceptable to Landlord),
indemnify and hold harmless Landlord and the Landlord Indemnitees from and against any and all Claims arising from or related to any such breach of the foregoing certifications, representations, warranties and covenants. 

(dd)    CASp Disclosure. As of the Date of this Lease, the Building has not undergone inspection by a Certified
Access Specialist (CASp). 
 (ee)    Energy Disclosures. Tenant shall reasonably cooperate with Landlord in
furnishing any information that may be required in connection with Landlord s obligations to furnish energy disclosures as may be required under applicable law, including, without limitation, providing any information that may be required in order
to enroll in the US Environmental Protection Agency’s Energy Star Portfolio Manager. 
 (ff)    Building
Exterior Signage. Provided that (x) Tenant is the Tenant originally named herein, (y) Tenant is leasing and actually occupies the entirety of the Premises initially demised under this Lease and the Suite 600 Space (either under the
Tenant’s Sublease or as a direct tenant hereunder), and (z) no event of default or event which but for the passage of time or the giving of notice, or both would constitute an event of default has occurred and is continuing (items (x) -
(z) being the “Signage Conditions”), then, subject to all applicable laws, ordinances restrictions, rules and regulations, as well as all applicable covenants, restrictions or deed restrictions affecting the Project (collectively,
the “Applicable Rules and Restrictions”), Tenant shall have the non-exclusive right throughout the Initial Term to install one sign on the fascia of the Building (“Fascia
Sign”) provided that Landlord, acting reasonably, approves the Fascia Sign (including all structural engineering and aesthetic aspects thereof) and the exact location where the same is to be installed. Landlord hereby pre-approves the location for the Tenant s Fascia sign shown in Exhibit J attached hereto; provided however in the event that the Applicable Rules and Restrictions and/or applicable laws codes or ordinances
or applicable governmental authority do not permit the Fascia Sign to be installed in such location, then the Fascia Sign shall be installed in such other location on the fascia of the Building that is either approved by or designated by Landlord in
writing. The engineering, manufacture, installation, maintenance and 

  
 36. 

 
removal of, and the procurement of all required approvals for, the Fascia Sign shall be at Tenant’s sole cost and expense. The installation of the Fascia Sign shall be in compliance with all
Applicable Rules and Restrictions. Prior to the manufacturing or installing the Fascia Sign, Tenant shall submit to Landlord, for Landlord’s approval which shall not be unreasonably withheld delayed or, except as expressly provided here in,
conditioned, (i) a report from a structural engineer reasonably acceptable to Landlord providing that (A) the Building can adequately support the installation of the Fascia Sign and (B) the Fascia Sign can and will be installed in a
manner that will not damage, or otherwise affect or diminish the structural integrity of the Building, and (ii) a detailed drawing indicating the size, layout, design, configuration, lettering and/or graphics and color of the proposed Fascia
Sig n, together with the proposed location where the Fascia Sign is to be installed. In the event Landlord approves the structural report, the Fascia Sign and the location, Landlord shall evidence such approval in writing. Tenant shall install,
repair maintain, and remove the Fascia Sign with contractors approved by Landlord. Any such contractors shall satisfy Landlord’s insurance and indemnification requirements prior to performing any work. Tenant agrees that the installation,
maintenance, repair and removal of the Fascia Sign shall be at Tenant’s sole risk. Tenant agrees to maintain the Fascia Sign in good condition and repair and, prior to the expiration of the Lease Term or the earlier termination of this Lease or
Tenant s right of possession under this Lease, Tenant shall remove the Fascia Sign and restore the Building to the condition immediately prior to the installation of the Fascia Sign, at Tenant s sole cost and expense. In the event Tenant fails to
repair or remove the Fascia Sign Landlord shall have the right to repair or remove the Fascia Sign, as the case may be, and Tenant shall reimburse Landlord on demand for all costs incurred by Landlord in connection therewith, plus an additional
charge equal to ten percent (10%) of such costs incurred by Landlord as a coordination fee and upon any such removal Landlord shall have the right to dispose of the same in any manner Landlord so desires without any liability to Tenant therefor.
TENANT AGREES TO INDEMNIFY AND HOLD LANDLORD HARMLESS FROM AND AGAINST ANY AND ALL LIENS, CLAIMS, DEMANDS LIABILITIES AND EXPENSES (INCLUDING REASONABLE ATTORNEY’S FEES) INCURRED OR SUFFERED BY LANDLORD AND EXISTING OUT OF OR IN ANY WAY RELATED
TO THE INSTALLATION MAINTENANCE, REPAIR OR REMOVAL OF THE FASCIA SIGN EVEN IF THE SAME IS CAUSED IN PART (BUT NOT SOLELY) BY THE NEGLIGENCE OF LANDLORD, ITS EMPLOYEES AGENTS OR REPRESENTATIVES. Notwithstanding anything herein to the contrary
Landlord shall have the right to terminate Tenant’s rights under this Paragraph 19(ff) by providing written notice of termination to Tenant if, at any time Tenant (1) assigns this Lease, (2) subleases any portion of the
Premises (including the Suite 600 Space), or (3) suffers an event of default of any term or condition of this Lease. In the event Landlord terminates Tenant s rights under this Paragraph 19(ff) as provided for in the immediately
preceding sentence Tenant shall remove the Fascia Sign from the Building and repair any damage to the Building caused by the installation, maintenance and/or removal thereof within thirty (30) days following receipt of Landlords written notice
of termination, and, in the event Tenant fails to timely remove the Fascia Sign and/or repair such damage, Landlord shall have the right to do the same and Tenant shall reimburse Landlord on demand for all costs incurred by Landlord in connection
therewith plus an additional charge equal to ten percent (10%) of such costs incurred by Landlord as a coordination fee (and Tenant shall be deemed to have abandoned the Fascia Sign and Landlord shall have the right to dispose of the Fascia Sign in
any manner Landlord shall choose in its sole discretion without any liability whatsoever to Tenant with respect thereto). In no event does Landlord make any representation or warranty to Tenant that the Fascia Sign shall be permitted under the
Applicable Rules and Restrictions and, to the extent the Fascia Sign is not permitted by the Applicable Rules and Restrictions, Tenant acknowledges and agrees that this Lease shall remain in full force and effect despite Tenant not being permitted
to install such Fascia Sign. Tenant shall be responsible, at its cost and expense, to obtain any necessary approvals or permits from the applicable governmental authorities for the purposes of installing and maintaining such Fascia Sign (the
“Fascia Sign Approvals”), provided, however, at Landlord s option it can apply for such Fascia Sign Approvals on Tenant’s behalf, at Tenants cost and expense. Promptly following obtaining such Fascia Sign Approvals (and in no
event later than thirty (30) days following obtaining such Fascia Sign Approvals) Tenant shall install such Fascia Sign in accordance with the terms of this Paragraph 19(ff). In no event shall Landlord be required to remove any existing
fascia sign or other signage present existing in order to accommodate any approvals required by the Applicable Rules and Restrictions affecting the Building for the Fascia Sign. The terms and provisions of this Paragraph 19(ff) shall survive
the expiration or earlier termination of this Lease. As consideration for Tenant’s right to install and maintain the Fascia Sign, commencing on the date that the Fascia Sign Approvals are obtained and the Fascia Sign has been installed and
continuing thereafter for the remainder of the Lease Term, Tenant shall pay to Landlord $5,500.00 per month (the “Fascia Sign Rent”), with such Fascia Sign Rent being payable in advance on the first day of the month in the same
manner and time as Tenant is obligated to pay Basic Annual Rent (provided, however, any abatement of the Basic Annual Rent shall not apply with respect to the Fascia Sign Rent). 

  
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 (gg)    Monument Sign. Provided that the Signage Conditions are
satisfied, but subject to the Applicable Rules and Restrictions, Tenant shall have the non-exclusive right to display its signage in a new monument sign (the “New Monument Sign”) to be
constructed by Tenant, at Tenant’s sole cost and expense, in a location designated by Landlord in its sole and absolute discretion. Landlord may, at its option, elect to manage the construction of the New Monument Sign, in which case Tenant
shall reimburse Landlord within thirty (30) days after receipt of an invoice for any and all costs incurred by Landlord in connection with the installation and construction of such New Monument Sign. All costs associated with the installation,
fabrication, repair and maintenance of such New Monument Sign shall be paid for by Tenant. The style, type, color, size, design, engineering, precise location and the means and method of attachment of the New Monument Sign shall all be subject to
Landlord’s prior written approval, which approval shall by in Landlord’s sole and absolute discretion; provided, however, such New Monument Sign shall comply with Landlord’s signage guidelines and criteria (if any). The engineering,
manufacture, installation, maintenance and removal of, and the procurement of all required approvals for, the New Monument Sign shall be at Tenant’s sole cost and expense. The New Monument Sign shall be in compliance with all Applicable Rules
and Restrictions. Tenant agrees to maintain the New Monument Sign in good condition and repair and, prior to the expiration of the Lease Term or the earlier termination of the Lease or Tenant’s right of possession under the Lease, Tenant shall
be required remove the New Monument Sign and restore any damage arising from such removal, at Tenant’s sole cost and expense. In the event Tenant fails to repair or remove the New Monument Sign, Landlord shall have the right to repair or remove
the New Monument Sign, as the case may be, and Tenant shall reimburse Landlord on demand for all costs incurred by Landlord in connection therewith, plus an additional charge equal to ten percent (10%) of such costs incurred by Landlord as a
coordination fee, and upon any such removal Landlord shall have the right to dispose of the same in any manner Landlord so desires without any liability to Tenant therefor. Notwithstanding anything herein to the contrary, Landlord shall have the
right to terminate Tenant’s rights under this Paragraph 19(gg) by providing written notice of termination to Tenant if, at any time, Tenant (1) assigns this Lease, (2) subleases any portion of the Premises (including the Suite
600 Space), or (3) suffers an event of default of any term or condition of this Lease. In the event Landlord terminates Tenant’s rights under this Paragraph 19(gg) as provided for in the immediately preceding sentence, Tenant shall
remove the New Monument Sign, and repair any damage caused by the installation, maintenance and/or removal thereof within thirty (30) days following receipt of Landlord’s written notice of termination, and, in the event Tenant fails to
timely remove the New Monument Sign and/or repair such damage, Landlord shall have the right to do the same and Tenant shall reimburse Landlord on demand for all costs incurred by Landlord in connection therewith, plus an additional charge equal to
ten percent (10%) of such costs incurred by Landlord as a coordination fee (and Tenant shall be deemed to have abandoned the New Monument Sign and Landlord shall have the right to dispose of the New Monument Sign in any manner Landlord shall choose
in its sole discretion without any liability whatsoever to Tenant with respect thereto). In no event does Landlord make any representation or warranty to Tenant that the New Monument Sign shall be permitted under the Applicable Rules and
Restrictions and, to the extent the New Monument Sign is not permitted by the Applicable Rules and Restrictions, Tenant acknowledges and agrees that this Lease shall remain in full force and effect despite Tenant not being permitted to install such
New Monument Sign. Tenant shall be responsible, at its cost and expense, to obtain any necessary approvals or permits from the applicable governmental authorities for the purposes of installing and maintaining such New Monument Sign (the
“New Monument Sign Approvals”); provided, however, at Landlord’s option it can apply for such New Monument Sign Approvals on Tenant’s behalf, at Tenant’s cost and expense. Promptly following obtaining such New
Monument Sign Approvals (and in no event later than thirty (30) days following obtaining such New Monument Sign Approvals), Tenant shall install such New Monument Sign in accordance with the terms of this Paragraph 19(gg). In no event
shall Landlord be required to remove any existing monument sign or other signage present existing in order to accommodate any approvals required by the Applicable Rules and Restrictions affecting the Building for the New Monument Sign. The terms and
provisions of this Paragraph 19(gg) shall survive the expiration or earlier termination of this Lease. As consideration for Tenant’s right to install and maintain the New Monument Sign, commencing on the date that the New Monument Sign
Approvals are obtained and the New Monument Sign has been installed and continuing thereafter for the remainder of the Lease Term, Tenant shall pay to Landlord $1,000.00 per month (the “New Monument Sign Rent”), with such New
Monument Sign Rent being payable in advance on the first day of the month in the same manner and time as Tenant is obligated to pay Basic Annual Rent (provided, however, any abatement of the Basic Annual Rent shall not apply with respect to the New
Monument Sign Rent). 
 [SIGNATURE PAGE TO FOLLOW} 

  
 38. 

 SIGNATURE PAGE TO OFFICE LEASE 

BY AND BETWEEN 
 KBSIII ALMADEN
FINANCIAL PLAZA, LLC, AS LANDLORD, AND 
 ZOOM VIDEO COMMUNICATIONS, INC., AS TENANT 

IN WITNESS WHEREOF, intended to be legally bound hereby, the parties hereto, by their duly authorized representatives, have executed and
sealed this Lease with the intention that this Lease constitutes an instrument under seal, and that the parties have executed this Lease to be effective as of the Date of this Lease. 

 

											
	“LANDLORD”	 		 	“TENANT”
			
	KBSIII ALMADEN FINANCIAL PLAZA, LLC,	 		 	ZOOM VIDEO COMMUNICATIONS, INC.,
	a Delaware limited liability company	 		 	a Delaware corporation
					
	By:	 	KBS Capital Advisors, LLC,	 		 		 	
		 	a Delaware limited liability company,	 		 		 	
		 	as its authorized agent	 		 	By:	 	 /s/ Roy Benhorin

		 		 		 		 	Name:	 	Roy Benhorin
		 		 		 		 	Title:	 	Head of Finance
		 	By:	 	 /s/ Brent Carroll
	 		 		 	
		 	Name:	 	Brent Carroll,	 		 		 	
		 		 	Senior Vice President	 		 		 	
		 		 	8/1/16	 		 		 	

  
 39. 

 EXHIBIT A-1 

FLOOR PLAN OF THE PREMISES 
 Suite
500: 
  
 

 

  
 A-1 — 1 

 Suite 600 Space: 
  

 

  
 A-1 — 2 

 EXHIBIT A-2 

LEGAL DESCRIPTION OF THE PROJECT 

The land situated in the City of San Jose, County of Santa Clara, State of California, described as follows: 

PARCEL ONE: 
 ALL OF PARCEL 1 AS SHOWN ON PARCEL MAP FILED
JULY 24, 1979 IN BOOK 446 OF MAPS, AT PAGE(S) 26 AND 27, SANTA CLARA COUNTY RECORDS. 
 PARCEL TWO: 

ALL OF PARCEL 2 AS SHOWN ON PARCEL MAP FILED JULY 24, 1979 IN BOOK 446 OF MAPS, AT PAGE(S) 26 AND 27, SANTA CLARA COUNTY RECORDS. 

PARCEL THREE: 
 ALL OF PARCEL 3 AS SHOWN ON PARCEL MAP FILED
JULY 24, 1979 IN BOOK 446 OF MAPS, AT PAGES 26 AND 27, SANTA CLARA COUNTY RECORDS. 
 PARCEL THREE-A: 

AN IRREVOCABLE PERPETUAL PARKING EASEMENT ON, OVER ABOVE, THROUGH AND WITHIN PARCEL 4, AS SHOWN ON PARCEL MAP FILED JULY 24, 1979 IN BOOK 446 OF MAPS, AT
PAGES 26 AND 27, AND AN IRREVOCABLE PERPETUAL EASEMENT FOR VEHICULAR AND PEDESTRIAN INGRESS, EGRESS AND PASSAGE OVER AND UPON SAID PARCEL 4 AS MORE PARTICULARLY DESCRIBED IN THAT CERTAIN IRREVOCABLE PERPETUAL PARKING EASEMENT GRANTED BY W-S-D, A PARTNERSHIP AND WOLFF-SESNON DEVELOPMENT COMPANY, DATED AUGUST 28, 1979, AND RECORDED ON AUGUST 31, 1979 IN BOOK E763. PAGE 215, INSTRUMENT NO. 6486434 IN
THE SANTA CLARA COUNTY OFFICIAL RECORDS. 
 PARCEL FOUR: 
 A
PORTION OF PARCEL 4 AS SHOWN ON PARCEL MAP FILED JULY 24, 1979 IN BOOK 446 OF MAPS, AT PAGE S 26 AND 27, SANTA CLARA COUNTY RECORDS, DESCRIBED AS FOLLOWS: 

BEGINNING AT THE NORTHERLY CORNER OF SAID PARCEL 4; THENCE ALONG THE EAST LINE OF SAID PARCEL. SOUTH 29° 54’ 59” EAST 312.55 FEET TO A CORNER;
THENCE SOUTH 60°07’ 07’’ WEST 25.21 FEET; THENCE NORTH 29° 51’ 11” WEST 275.88 FEET TO THE WEST LINE OF SAID PARCEL 4 ON THE GUADALUPE PARKWAY; THENCE ALONG SAID WEST LINE NORTH 07° 47’ 35” WEST 39.57
FEET TO THE NORTHWEST LINE OF SAID PARCEL; THENCE ALONG SAID PARCEL LINE NORTH 60° 06’ 24” EAST 10 FEET TO THE POINT OF BEGINNING. 
 PARCEL
FIVE: 
 ALL OF PARCEL 5 AS SHOWN ON PARCEL MAP FILED JULY 24, 1979 IN BOOK 446 OF MAPS, AT PAGES 26 AND 27, SANTA CLARA COUNTY RECORDS. 

PARCEL FIVE-A: 
 A
NONEXCLUSIVE EASEMENT FOR PEDESTRIAN AND VEHICULAR INGRESS AND EGRESS AS GRANTED IN THAT CERTAIN DOCUMENT ENTITLED “AMENDED AND RESTATED RECIPROCAL EASEMENT AGREEMENT” RECORDED DECEMBER 9, 2014 AS INSTRUMENT NO. 2-795060. OFFICIAL RECORDS. 

  
 A-2 — 1 

 APN: 259-39-113 (Affects
Parcel One) 
 259-39-114 (Affects Parcel Two) 

259-39-115 (Affects Parcel Three) 

259-39-119 (Affects Parcel Four) and 

259-39-112 (Affects Parcel Five) 

  
 A-2 — 2 

 EXHIBIT A-3 

RENTABLE AREA 
 The
term “Rentable Area” as used in the Lease shall mean: 
 (a)    As to each floor of the Building on
which the entire space rentable to tenants is or will be leased to one tenant (hereinafter referred to as “Single Tenant Floor”), Rentable Area shall be the entire area bounded by the inside surface of the four exterior glass walls
(or the inside surface of the permanent exterior wall where there is no glass) on such floor, including (i) all areas used for elevator lobbies, corridors, or special stairways, restrooms, mechanical rooms, electrical rooms and telephone
closets, without deduction for columns, and other structural portions of the Building or vertical penetrations that are included for the special use of Tenant and (ii) if the Building has more than one floor, a pro rata portion (calculated on
the basis of the entire Rentable Area of the Building) of the area of the mailroom premises and entry lobby located on the first floor of the Building (as bounded by the inside surface of the walls thereof, but excluding the area contained within
the exterior walls of the Building stairs, fire towers, vertical ducts, elevator shafts, flues, vents, stacks and pipe shafts). 

(b)    As to each floor of the Building on which space is or will be leased to more than one tenant (hereinafter referred
to as “Multi-Tenant Floor”), Rentable Area attributable to each such lease shall be the total of (i) the entire area included within the Premises covered by such lease, being the area bounded by the inside surface of any
exterior glass walls (or the inside surface of the permanent exterior wall where there is no glass) of the Building bounding such Premises, the exterior of all walls separating such Premises from public corridors or other public areas on such floor,
and the centerline of all walls separating such Premises from other areas leased or to be leased to other tenants on such floor, (ii) a pro rata portion (calculated on the basis of the Rentable Area of the floor) of the area covered by the
elevator lobbies, corridors, restrooms, mechanical rooms, electrical rooms and telephone closets situated on such floor and (iii) if the Building has more than one floor, a pro rata portion (calculated on the basis of the entire Rentable Area
of the Building) of the area of the mailroom premises and entry lobby located on the main entry floor of the Building (as bounded by the inside surface of the walls thereof). 

(c)    As to any storage space leased to a tenant, the Rentable Area shall be the entire area included within the storage
space covered by such lease, being the area bounded by the inside surface of any permanent exterior wall of the Building bounding such storage space, the exterior of all walls separating such storage space from public corridors or other public areas
on such floor, and the centerline of all walls separating such storage space from other areas leased or to be leased to other tenants on such floor. The Rentable Area of storage space shall not be included within the Premises for purposes of
determining Tenant’s Proportionate Share of Operating Costs. 

  
 A-3 — 1 

 EXHIBIT B 

WORK LETTER 

THIS WORK LETTER is attached as Exhibit B to the Office Lease between KBSIII Almaden Financial Plaza, LLC, a Delaware limited
liability company, as Landlord, and Zoom Video Communications, Inc., a Delaware corporation, as Tenant, and constitutes the further agreement between Landlord and Tenant as follows: 

(a)    Landlord agrees to furnish or perform, at Landlord’s sole cost and expense up to the maximum amount of
$352,780.00 (being $20.00 per square foot of the initial Premises (i.e., being Suite 500 only) being leased hereunder) (the “Landlord Amount”), those items of construction and those improvements (the “Tenant
Improvements”) as set forth on the plans mutually approved by Landlord and Tenant as shown on Exhibit B-1 attached hereto and incorporated herein for all purposes, using building standard
materials and methods of construction. For the avoidance of doubt, the Tenant Improvements shall only be performed on the initial Premises (i.e., being Suite 500 only) being leased hereunder and in no event shall Landlord have any obligation
whatsoever to perform any Tenant Improvements with respect to the Suite 600 Space. Notwithstanding anything to the contrary in this Lease, in the event that the total cost of the Tenant Improvements (the “Cost of the Work”) exceeds
the Landlord Amount (the “Excess”), then prior to commencement of construction of the Tenant Improvements, Tenant shall forward to Landlord any such Excess. For purposes of determining the Cost of the Work, a construction management
fee payable to Landlord equal to three percent (3%) of the hard and soft costs of the Tenant Improvements shall be factored into the Cost of the Work. Landlord shall obtain a written non-binding itemized
estimate of the costs of all Tenant Improvements shown in Exhibit B-1 as prepared by a general contractor selected by Landlord. Tenant acknowledges that any cost estimates are prepared by the general
contractor and Landlord shall not be liable to Tenant for any inaccuracy in any such estimate. Within five (5) business days after receipt of the written non-binding cost estimate prepared by the general
contractor, Tenant shall either (A) give its written approval thereof and authorization to proceed with construction or (B) immediately request the Landlord’s space planner to modify or revise the scope of the Tenant Improvements in
any manner desired by Tenant to decrease the cost of the Tenant Improvements. If Tenant is silent during such five (5) business day period, then Tenant shall be deemed to have approved such non-binding
cost estimate as set forth in Clause (A) above. If the scope of the Tenant Improvements are revised pursuant to Clause (B) above, then Landlord shall request that the general contractor provide a revised cost estimate to Tenant based upon
the revisions to the scope of the Tenant Improvements. Such modifications and revisions shall be subject to Landlord’s reasonable approval. Within ten (10) business days after receipt of the general contractor’s original written cost
estimate and the description, if any, of any Tenant Delay, Tenant shall give its final approval of the general contractor bid to Landlord which shall constitute authorization to commence the construction of the Tenant Improvements in accordance with
Exhibit B-1, as modified or revised. Subject to the terms and provisions of this Work Letter, Landlord shall pay the cost of the Tenant Improvements, no later than the due dates reflected in the
contractor invoices, up to the amount of the Landlord Amount and notwithstanding anything herein to the contrary, in no event shall Landlord be required to spend any monies in excess of the Landlord Amount in connection with completion of the Tenant
Improvements. If the amount of the lowest qualified bid to perform the Tenant Improvements exceeds the Landlord Amount, Tenant shall bear the cost of such excess and shall pay the estimated cost of such excess to Landlord prior to commencement of
construction of such Tenant Improvements and a final adjusting payment based upon the actual costs of the Tenant Improvements shall be made when the Tenant Improvements are completed. If the Cost of the Work is less than the Landlord Amount, then,
subject to Paragraph (f) below, Tenant shall not receive any credit whatsoever for the difference between the actual Cost of the Work and the Landlord Amount. All remaining amounts due to Landlord shall be paid upon the earlier of
Substantial Completion of the Tenant Improvements or presentation of a written statement of the sums due, which statement may be an estimate of the cost of any component of the Tenant Improvements. 

(b)    If Tenant shall desire any changes in the Tenant Improvements, Tenant shall so advise Landlord in writing and
Landlord shall determine whether such changes can be made in a reasonable and feasible manner. Any and all costs of reviewing any requested changes, and any and all costs of making any changes to the Tenant Improvements (including a coordination fee
payable to Landlord in the amount of three percent (3%) of the cost of such changes) which Tenant may request and which Landlord may agree to shall be at Tenant’s sole cost and expense and shall be paid to Landlord upon demand and before
execution of the change order (provided, however, to the extent any portion of the Landlord’s Amount is then unused and available, Tenant may apply such unused amounts of the Landlord’s Amount towards such change orders). Any such change
orders requested by Tenant to the scope of the Tenant Improvements shall be subject to Landlord’s prior written approval. Landlord hereby agrees that such change 

  
 B-1 

 
orders (which are at Tenant’s cost and expense but subject to application of any unused portion of the Landlord’s Amount) may include a request by Tenant to repair or upgrade the air
conditioning system in Suite 600 or to upgrade the access control system for the Premises; provided, however, such change orders shall be subject to Landlord’s review and reasonable approval. 

(c)    Landlord shall proceed with and complete the construction of the Tenant Improvements. As soon as such improvements
have been Substantially Completed, Landlord shall notify Tenant in writing of the date that the Tenant Improvements were Substantially Completed. The Tenant Improvements shall be deemed substantially completed (“Substantially
Completed”) when, in the opinion of the Landlord’s architect (whether an employee or agent of Landlord or a third party architect) (“Architect”), the initial Premises (i.e., the Suite 500 portion) being leased by
Tenant are substantially completed except for punch list items which do not prevent in any material way the use of such Premises for the purposes for which they were intended. In the event Tenant, its employees, agents, or contractors cause
construction of such Tenant Improvements to be delayed, the date of Substantial Completion shall be deemed to be the date that, in the opinion of the Architect, Substantial Completion would have occurred if such delays had not taken place. Without
limiting the foregoing, Tenant shall be solely responsible for delays caused by Tenant’s request for any changes in the plans, Tenant’s request for long lead items or Tenant’s interference with the construction of the Tenant
Improvements (each of the foregoing, a “Tenant Delay”), and such Tenant Delays shall not cause a deferral of the Commencement Date beyond what it otherwise would have been. After the Commencement Date Tenant shall, upon demand,
execute and deliver to Landlord a letter of acceptance of delivery of the Premises. In the event of any dispute as to the Tenant Improvements, including the Commencement Date, the certificate of the Architect shall be conclusive absent manifest
error. 
 (d)    The failure of Tenant to take possession of or to occupy the Premises shall not serve to relieve Tenant
of obligations arising on the Commencement Date or delay the payment of Rent by Tenant. Delay in putting Tenant in possession of the Premises shall not serve to extend the Lease Term of this Lease or to make Landlord liable for any damages arising
therefrom. 
 (e)    Except for incomplete punch list items, Tenant upon the Commencement Date shall have and hold the
Premises as the same shall then be without any liability or obligation on the part of Landlord for making any further alterations or improvements of any kind in or about the Premises. 

(f)    Under Budget Amounts. Notwithstanding anything herein to the contrary, if the total Cost of the Work is less
than the Landlord Amount (the difference between the Cost of the Work and the Landlord Amount being referred to herein as the “Under Budget Amount”), then Landlord agrees that, upon Tenant’s written request and subject to the
further terms of this Paragraph (f), Tenant shall have the right to have up to (but not to exceed) $88,195.00 out of such Under Budget Amount disbursed to Tenant as a reimbursement of the actual out-of-pocket expenses paid by Tenant to third parties in connection with Tenant’s move to the Premises, including space planning and design, built-in and movable
furniture and the installation of Tenant’s wiring and cabling in the Premises (the “Moving Reimbursement”); provided, however, in no event shall (x) the total amount advanced by Landlord to Tenant for the Moving
Reimbursement exceed the lesser of the amount of the Under Budget Amount or $88,195.00, and (y) the amount advanced by Landlord for the Cost of the Work and/or the Moving Reimbursement exceed the Landlord Amount. In the event Tenant desires any
such reimbursement, Tenant shall notify Landlord of the amounts that Tenant wants reimbursed (which such request shall include actual copies of paid invoices reflecting amounts Tenant desires to have reimbursed) within sixty (60) days following
the Commencement Date, and, notwithstanding anything herein to the contrary, if Tenant fails to so notify Landlord in writing of such amounts Tenant desires to have reimbursed within said sixty (60) day period, Tenant shall not be entitled to
any such reimbursement and all such Under Budget Amount shall belong to Landlord and Tenant shall have no rights thereto. 

  
 B-2 

 EXHIBIT B-1 

Description of Tenant Improvements 
  

 

  
 B-1-1 

 

 

  
 B-1-2 

 EXHIBIT C 

STANDARDS FOR UTILITIES AND SERVICES 

The following are the Project Standards for Utilities and Services. Landlord reserves the right to adopt such reasonable, nondiscriminatory
modifications and additions hereto as it deems appropriate. 
 1.    As long as Tenant is not in default under any of
the terms, covenants, conditions, provisions or agreements of this Lease, Landlord shall, subject to the limitations and provisions hereinafter set forth in this Exhibit C: 

(a)    Provide automatic elevator facilities on Monday through Friday from 8:00 A.M. to 7:00 P.M.,
excepting state and federal holidays (hereinafter referred to as “Business Hours”), and provide one (1) automatic elevator at all other times. 

(b)    Provide to the Premises, during Business Hours (and at other times for an additional charge to be
fixed by Landlord), heating, ventilation, and air conditioning (HVAC), when and to the extent, in the judgment of Landlord, any of such services may be required for the comfortable occupancy of the Premises for general office purposes. Landlord
shall not be responsible for room temperatures and conditions in the Premises if the lighting and receptacle load for Tenant’s equipment and fixtures exceed those listed in Paragraph (c) hereof, if the Premises are used for other
than general office purposes or if the Building standard blinds or curtains in the Premises are not closed so as to screen the sun’s rays. 

(c)    Furnish to the Premises, during Business Hours, electric current for routine lighting and the
operation of general office machines such as typewriters, dictating equipment, desk model adding machines, and the like, which use 110 volt electric power, not to exceed the reasonable capacity of Building standard office lighting and receptacles,
and not in excess of limits imposed or recommended by governmental authority. 
 (d)    Provide
janitorial services to the Premises Monday through Friday (except state and federal holidays), provided the same are used exclusively for the uses permitted under the foregoing Lease, and are kept reasonably in order by Tenant. Tenant shall pay to
Landlord the cost of removal of any of Tenant’s refuse and rubbish, to the extent that the same exceeds the refuse and rubbish which generally would be produced by the use of the Premises for general office purposes. 

2.    No data processing equipment, other special electrical equipment (excluding personal computers utilizing 110 volt
electric power), air conditioning or heating units, or plumbing additions shall be installed, nor shall any changes to the Building HVAC, electrical or plumbing systems be made without the prior written consent of Landlord, which consent shall be
subject to Landlord’s sole and absolute discretion. In the case of any such change, Landlord reserves the right to designate and/or approve the contractor to be used. Any permitted installations shall be made under Landlord’s supervision.

 3.    Landlord shall not provide reception outlets or television or radio antennas for television or radio broadcast
reception, and Tenant shall not install any such equipment without prior written approval from Landlord. 
 4.    Tenant
will not, without the prior written consent of Landlord, use any apparatus, machine or device in the Premises, including, without limitation, duplicating machines, electronic data processing machines, punch card machines and machines using current
in excess of 110 volts, which will in any way increase the amount of electricity or water usually furnished or supplied for use of the Premises as general office space, nor connect with electric current, except through existing electrical outlets in
the Premises, any apparatus or device for the purpose of using electric current in excess of that usually furnished or supplied for use of the Premises as general office space. 

5.    Tenant agrees to cooperate fully at all times with Landlord, and to abide by all regulations and requirements which
Landlord may prescribe for the proper functioning and protection of the Building HVAC, electrical, plumbing and other systems. Tenant shall comply with all laws, statutes, ordinances and governmental rules and regulations now in force or which may
hereafter be enacted or promulgated in connection with Building services furnished to the Premises, including, without limitation, any governmental rule or regulation relating to the heating and cooling of the Building. 

  
 C-1 

 EXHIBIT D 

BUILDING RULES AND REGULATIONS 

1.    The sidewalks, entrances, passages, courts, elevators, vestibules, stairways and corridors of halls shall not be
obstructed or used for any purpose other than ingress and egress. The halls, passages, entrances, elevators, stairways, balconies and roof are not for the use of the general public, and the Landlord shall in all cases retain the right to control and
prevent access thereto of all persons whose presence, in the judgment of the Landlord, shall be prejudicial to the safety, character, reputation and interests of the Building and its tenants, provided that nothing herein contained shall be construed
to prevent such access to persons with whom the Tenant normally deals only for the purpose of conducting its business in the Premises (such as clients, customers, office suppliers and equipment vendors, and the like) unless such persons are engaged
in illegal activities. No tenant and no employees of any tenant shall go upon the roof of the Building without the written consent of Landlord. 

2.    No awnings or other projections shall be attached to the outside walls of the Building. No curtains, blinds, shades
or screens shall be attached to or hung in, or used in connection with, any window or door of the Premises other than Landlord standard window coverings. All electrical ceiling fixtures hung in offices or spaces along the perimeter of the Building
must be fluorescent, of a quality, type, design and bulb color approved by Landlord. Neither the interior nor the exterior of any windows shall be coated or otherwise sunscreened without the written consent of Landlord. 

3.    No sign, advertisement, notice or handbill shall be exhibited, distributed, painted or affixed by any tenant on,
about or from any part of the Premises, the Building or the Project without the prior written consent of the Landlord. If the Landlord shall have given such consent at the time, whether before or after the execution of this Lease, such consent shall
in no way operate as a waiver or release of any of the provisions hereof or of this Lease, and shall be deemed to relate only to the particular sign, advertisement or notice so consented to by the Landlord and shall not be construed as dispensing
with the necessity of obtaining the specific written consent of the Landlord with respect to each and every such sign, advertisement or notice other than the particular sign, advertisement or notice, as the case may be, so consented to by the
Landlord. In the event of the violation of the foregoing by any tenant, Landlord may remove or stop same without any liability, and may charge the expense incurred in such removal or stopping to such tenant. Interior signs on doors and the directory
tablet shall be inscribed, painted or affixed for each tenant by the Landlord at the expense of such tenant, and shall be of a size, color and style acceptable to the Landlord. The directory tablet will be provided exclusively for the display of the
name and location of tenants only and Landlord reserves the right to exclude any other names therefrom. Nothing may be placed on the exterior of corridor walls or corridor doors other than Landlord’s standard lettering. 

4.    The sashes, sash doors, skylights, windows, and doors that reflect or admit light and air into halls, passageways or
other public places in the Building shall not be covered or obstructed by any tenant, nor shall any bottles, parcels or other articles be placed on the window sills. Tenant shall see that the windows, transoms and doors of the Premises are closed
and securely locked before leaving the Building and must observe strict care not to leave windows open when it rains. Tenant shall exercise extraordinary care and caution that all water faucets or water apparatus are entirely shut off before Tenant
or Tenant’s employees leave the Building, and that all electricity, gas or air shall likewise be carefully shut off, so as to prevent waste or damage. Tenant shall cooperate with Landlord in obtaining maximum effectiveness of the cooling system
by closing window coverings when the sun’s rays fall directly on the windows of the Premises. Tenant shall not tamper with or change the setting of any thermostats or temperature control valves. 

5.    The toilet rooms, water and wash closets and other plumbing fixtures shall not be used for any purpose other than
those for which they were considered, and no sweepings, rubbish, rags or other substances shall be thrown therein. All damages resulting from any misuse of the fixtures shall be borne by the tenant who, or whose subtenants, assignees or any of their
servants, employees, agents, visitors or licensees shall have caused the same. 
 6.    No tenant shall mark, paint,
drill into, or in any way deface any part of the Premises, the Building or the Project. No boring, cutting or stringing of wires or laying of linoleum or other similar floor coverings shall be permitted, except with the prior written consent of the
Landlord and as the Landlord may direct. 

  
 D-1 

 7.    No bicycles, vehicles, birds or animals of any kind shall be
brought into or kept in or about the Premises, and no cooking shall be done or permitted by any tenant on the Premises, except that the preparation of coffee, tea, hot chocolate and similar items (including those suitable for microwave heating) for
tenants and their employees shall be permitted, provided that the power required therefor shall not exceed that amount which can be provided by a 30 amp circuit. No tenant shall cause or permit any unusual or objectionable odors to be produced or
permeate the Premises. Smoking or carrying lighted cigars, cigarettes or pipes in the Building is prohibited. 

8.    The Premises shall not be used for manufacturing or for the storage of merchandise except as such storage may be
incidental to the permitted use of the Premises. No tenant shall occupy or permit any portion of the Premises to be occupied as an office for a public stenographer or typist, or for the manufacture or sale of liquor, narcotics, or tobacco (except by
a cigarette vending machine for use by Tenant’s employees) in any form, or as a medical office, or as a barber or manicure shop, or as an employment bureau, without the express written consent of Landlord. No tenant shall engage or pay any
employees on the Premises except those actually working for such tenant on the Premises nor advertise for laborers giving an address at the Premises. The Premises shall not be used for lodging or sleeping or for any immoral or illegal purposes. 

9.    No tenant shall make, or permit to be made any unseemly or disturbing noises or disturb or interfere with occupants
of this or neighboring buildings or premises or those having business with them, whether by the use of any musical instrument, radio, phonograph, unusual noise, or in any other way. No tenant shall throw anything out of doors, windows or skylights
or down the passageways. 
 10.    No tenant, subtenant or assignee nor any of their servants, employees, agents,
visitors or licensees shall at any time bring or keep upon the Premises any flammable, combustible or explosive fluid, chemical or substance. 

11.    No additional locks or bolts of any kind shall be placed upon any of the doors or windows by any tenant, nor shall
any changes be made in existing locks or the mechanisms thereof. Each tenant must, upon the termination of his tenancy, restore to Landlord all keys of stores, offices, and toilet rooms, either furnished to, or otherwise procured by, such tenant and
in the event of the loss of keys so furnished, such tenant shall pay to Landlord the cost of replacing the same or of changing the lock or locks opened by such lost key if Landlord shall deem it necessary to make such changes. 

12.    All removals, or the carrying in or out of any safes, freight, furniture, or bulky matter of any description must
take place during the hours which Landlord shall determine from time to time, without the express written consent of Landlord. The moving of safes or other fixtures or bulky matter of any kind must be done upon previous notice to the Project
Management Office and under its supervision, and the persons employed by any tenant for such work must be acceptable to the Landlord, Landlord reserves the right to inspect all safes, freight or other bulky articles to be brought into the Building
and to exclude from the Building all safes, freight or other bulky articles which violate any of these Rules and Regulations or the Lease of which these Rules and Regulations are a part. Landlord reserves the right to prescribe the weight and
position of all safes, which must be placed upon supports approved by Landlord to distribute the weight. 
 13.    No
tenant shall purchase spring water, ice, towel, janitorial maintenance or other similar services from any person or persons not approved by Landlord. 

14.    Landlord shall have the right to prohibit any advertising by any tenant which, in Landlord’s opinion, tends to
impair the reputation of the Building or the Project or its desirability as an office location, and upon written notice from Landlord, any tenant shall refrain from or discontinue such advertising. 

15.    Landlord reserves the right to exclude from the Building between the hours of 6:00 P.M. and 7:00 A.M. and at all
hours on Saturday, Sunday and legal holidays all persons who do not present a pass or card key to the Building approved by the Landlord. Each tenant shall be responsible for all persons who enter the Building with or at the invitation of such tenant
and shall be liable to Landlord for all acts of such persons. Landlord shall in no case be liable for damages for any error with regard to the admission to or exclusion from the Building of any person. In case of an invasion, mob riot, public
excitement or other circumstances rendering such action advisable in Landlord’s opinion, Landlord reserves the right, without abatement of Rent, to require all persons to vacate the Building and to prevent access to the Building during the
continuance of the same for the safety of the tenants, the protection of the Building, and the property in the Building. 

  
 D-2 

 16.    Any persons employed by any tenant to do janitorial work shall,
while in the Building and outside of the Premises, be subject to and under the control and direction of the Project Management Office (but not as an agent or servant of said Office or of the Landlord), and such tenant shall be responsible for all
acts of such persons. 
 17.    All doors opening onto public corridors shall be kept closed, except when in use for
ingress and egress. 
 18.    The requirements of Tenant will be attended to only upon application to the Project
Management Office. 
 19.    Canvassing, soliciting and peddling in the Building are prohibited and each tenant shall
report and otherwise cooperate to prevent the same. 
 20.    All office equipment of any electrical or mechanical
nature shall be placed by Tenant in the Premises in settings approved by Landlord, to absorb or prevent any vibration, noise or annoyance. 

21.    No air conditioning unit or other similar apparatus shall be installed or used by any tenant without the written
consent of Landlord. 
 22.    There shall not be used in any space, or in the public halls of the Building, either by
any tenant or others, any hand trucks, except those equipped with rubber tires and rubber side guards. 
 23.    No
vending machine or machines of any description shall be installed, maintained or operated upon the Premises without the written consent of Landlord. 

24.    The scheduling of tenant move-ins shall be subject to the reasonable
discretion of Landlord. 
 25.    If the Tenant desires telephone or telegraph connections, the Landlord will direct
electricians as to where and how the wires are to be introduced. No boring or cutting for wires or otherwise shall be made without direction from the Landlord. 

26.    The term “personal goods or services vendors” as used herein means persons who periodically enter
the Building of which the Premises are a part for the purpose of selling goods or services to a tenant, other than goods or services which are used by the Tenant only for the purpose of conducting its business in the Premises. “Personal
goods or services” include, but are not limited to, drinking water and other beverages, food, barbering services and shoe shining services. Landlord reserves the right to prohibit personal goods and services vendors from access to the
Building except upon Landlord’s prior written consent and upon such reasonable terms and conditions, including, but not limited to, the payment of a reasonable fee and provision for insurance coverage, as are related to the safety, care and
cleanliness of the Building, the preservation of good order thereon, and the relief of any financial or other burden on Landlord or other tenants occasioned by the presence of such vendors or the sale by them of personal goods or services to the
Tenant or its employees. If necessary for the accomplishment of these purposes, Landlord may exclude a particular vendor entirely or limit the number of vendors who may be present at any one time in the Building. 

27.    The Building is a non-smoking building. Smoking is prohibited at all times
within the entire Building, including all leased premises, as well as all public/common areas and parking areas for the Building, including any attached parking garage structure. This prohibition applies during business and non-business hours to restrooms, elevators, elevator lobbies, first floor lobby, stairwells, common hallways, the lunch room and any other public/common area, as well as to all areas within the Leased Premises by
Tenants. Smoking is only permitted in the designated smoking area outside the Building and away from the entrances to the Building. 

  
 D-3 

 28.    The Building and Project is a weapons free environment. No
tenant, owner of a tenant, officer or employee of a tenant, visitor of tenant, contractor or subcontractor of tenant, or any other party shall carry weapons (concealed or not) of any kind in the building, or parking areas. This prohibition applies
to all public areas, including without limitation, restrooms, elevators, elevator lobbies, first floor lobby, stairwells, common hallways, all areas within the leased premises of tenants, all surface parking areas and the surrounding land related to
the building. 

  
 D-4 

 EXHIBIT E 

FORM ESTOPPEL CERTIFICATE 

The undersigned,                 , a
                     (“Tenant”), the tenant under that certain Office Lease dated
                    , between Tenant and
                    , a
                    , as landlord (“Landlord”) hereby certifies as follows: 

1.    The Premises (the “Premises”) under the Lease is Suite
        ,                     . 

2.    The Lease is in full force and effect and has not been modified or amended in any respect except by amendments dated
                     (copies of which are attached). 

3.    The Lease has not been assigned, encumbered, subleased or 
transferred in any manner other than:                               
                                         

  
  

                          
                                         
                     . 

4.    The Commencement Date of the Lease is
                     and the expiration date of the Lease is
                    . There are no options to extend the Lease Term beyond such expiration date other than
                    . 

5.    The present monthly rental under the Lease is $        . The sum of
$        , representing      month’s Rent has been paid in advance. 

6.    The security deposit held by Landlord under the Lease is $        .

 7.    Rent under the Lease has been paid through the month of
                    . Tenant’s estimated share of Operating Costs payments have been paid through
                    . 

8.    The Premises are presently occupied by Tenant. 

9.    Tenant has accepted the Premises without condition or qualification under the Lease and Landlord has completed and
complied with all conditions of such acceptance. 
 10.    To the best knowledge of Tenant, neither it nor the Landlord
is in default (or will be in default following the delivery of notice, the passage of time, or both) or claims a default by the other under the Lease, or has any claims, defenses, or rights of offset against payment of Rent under the Lease, except
as follows: 
 11.    Tenant acknowledges that Landlord has the right to assign the Lease and the Rent thereunder and to
sell, assign, transfer, mortgage or otherwise encumber the Project without the consent of Tenant. 
 12.    Tenant makes
this statement for the benefit and protection of                      with the understanding that
                     intends to rely on this statement in connection with
                    . 

  
 E-1 

 IN WITNESS WHEREOF, this certificate has been executed and delivered by the authorized
officers or representatives of the undersigned as of                     . 

 

			
	“TENANT”
	
	                                    
                                         
                 ,
	a                                    
                                         
                
		
	By:	 	                                     
                                         
     
	Name:	 	                                     
                                         
     
	Title:	 	                                     
                                         
     

  
 E-2 

 EXHIBIT F 

TENANT COMMENCEMENT CERTIFICATE 

To:                     
(“Landlord”) 
 From:
                     (“Tenant”) 

Date:             , 20     

 

			
	RE:    Property Address:    	  	
                   
                                         
        

		  	
                   
                                         
        

 The undersigned, as an authorized representative of the Tenant under that certain Lease (the
“Lease”) dated             , 20    , as modified (if applicable) by amendment(s) dated
            , 20    , hereby certified that: 
  

	 	1.	 Tenant has accepted possession and entered into occupancy of the Premises described in the Lease as of
            , 20    . 

  

	 	2.	 The Commencement Date of the Lease [or the commencement of the term for the expansion of the Premises] was/is:
            , 20    . 

  

	 	3.	 The Termination Date of the Lease is:
            , 20    . 

  

	 	4.	 The Lease is in full force and effect. 

 

			
	 Very truly yours,

	
	TENANT
	
	                                    
                                         
                    ,
	a                                    
                                         
                   
		
	By:	 	
                     
                                        

	Name:	 	
                     
                                        

	Title:	 	
                     
                                         
   

  
 F-1 

 EXHIBIT G 

AMERICANS WITH DISABILITIES ACT 

Tenant agrees to comply with all requirements of the Americans With Disabilities Act of 1990 (Public Law
101-336 {July 26, 1990}), and any other applicable or related law, code or ordinance applicable to the Premises and the Project, as the same are amended from time to time (collectively, the “Disability
Acts”), to accommodate its employees, invitees and customers. Tenant acknowledges that it shall be wholly responsible for any accommodations or alterations which need to be made to the Premises to cause the same to comply with the
Disability Acts. No provision in this Lease should be construed in any manner as permitting, consenting to or authorizing Tenant to violate requirements under any of the Disability Acts and any provision to the Lease which could arguably be
construed as authorizing a violation of any of the Disability Acts shall be interpreted in a manner which permits compliance with such Disability Acts. 

  
 G-1 

 EXHIBIT H 

FORM OF LETTER OF CREDIT 

[BANK] 
  

					
	BENEFICIARY:	 		 	APPLICANT:
			
	KBSIII Almaden Financial Plaza, LLC	 		 	Zoom Video Communications, Inc., a Delaware
	  
	 		 	corporation
	  
	 		 	  

	  
	 		 	  

			
		 		 	AMOUNT: USD $250,473.80 (TWO HUNDRED FIFTY THOUSAND FOUR HUNDRED SEVENTY-THREE AND 80/100 DOLLARS)

 Ladies and Gentlemen: 

We hereby issue this Irrevocable Standby Letter of Credit No.
                     (“Letter of Credit”) in your favor for the account of Zoom Video Communications, Inc., a Delaware
corporation (“Tenant”) for a sum not to exceed an aggregate amount of $250,473.80 effective immediately and expiring at our office at on (“Expiry Date”). Notwithstanding anything herein to the contrary, this Letter
of Credit shall automatically renew on a year-to-year basis, the first such renewal commencing on the day immediately following the Expiry Date unless we notify you
(Beneficiary) in writing at least thirty (30) days prior to the Expiry Date (or the applicable subsequent Expiry Date, following any such renewal) that we will not renew this Letter of Credit. Partial Drawings are permitted hereunder, and each
drawing under this Letter of Credit shall permanently reduce the face amount of this Letter of Credit by the amount of such drawing. 
 We
undertake that drawings under this Letter of Credit will be duly honored upon presentation to us at our office indicated above on any Business Day (as defined below) on or before the Expiry Date of your sight draft(s) drawn on us, bearing the
clause: “Drawn under                      Irrevocable Standby Letter of Credit No.
                    ”, together with a statement in the form of Annex A (as stated below) purportedly executed by your authorized
officer and regardless of whether Tenant disputes the content of such statement. Payment will be made hereunder not later than 1:00 p.m. Pacific Standard time on the third Business Day (as defined below) following the date such demand for payment is
presented as aforesaid. Payment of any amount drawn under this Letter of Credit will be made in immediately available funds by wire transfer to such account as you shall specify or in such other manner as you specify in the sight draft presented to
us with respect to such payment. For purposes of this Letter of Credit, the term “Business Day” shall mean a day upon which banks in San Francisco, California are open for commercial business. 

This Letter of Credit is transferable or assignable, with notice to, but without permission or approval of
                     Bank, in full and not in part. 

This Letter of Credit sets forth in full the terms of our undertaking and such undertaking shall not in any way be modified, amended or
amplified by reference to any document or instrument referred to herein or in which this Letter of Credit is referred to or to which this Letter of Credit relates and any such reference shall not be deemed to incorporate herein by reference to any
document or instrument. 
 Except as stated herein, this undertaking is not subject to any condition or qualification. Our obligations under
this Letter of Credit shall be the individual obligation of                      Bank, in no way contingent upon reimbursement with respect
thereto. 

  
 H-1 

 This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits
(1993 Revision) International Chamber of Commerce Publication No. 500 (“ISP 98”) and, to the extent not inconsistent with the ISP 98, the laws of the State of California. 

  
 H-2 

 ANNEX A 

CERTIFICATE RELATING
TO                     BANK 

IRREVOCABLE LETTER OF CREDIT NO.
                     

KBSIII ALMADEN FINANCIAL PLAZA, LLC, a Delaware limited liability company (“Landlord”) hereby requests payment of
                     United States Dollars (U.S. $        ) pursuant to Letter of Credit No.
                     (“Letter of Credit”) dated
                    . 
 In
connection with such request, the Landlord hereby certifies that either (i) Tenant has not complied with the terms and conditions of that certain Lease dated
                    , 2016, entered into by and between KBSIII ALMADEN FINANCIAL PLAZA, LLC, as landlord, and Zoom Video Communications, Inc.,
a Delaware corporation, as tenant, or (ii) Landlord has received written notice that the Letter of Credit will not be renewed. 
  

					
	“LANDLORD”	 	
	
	KBSIII ALMADEN FINANCIAL PLAZA, LLC,
	a Delaware limited liability company
		
	By:	 	KBS Capital Advisors, LLC,
		 	a Delaware limited liability company,
		 	as its authorized agent
			
		 	By:	 	
                     
                    

		 	Name:	 	
                     
                    

		 	Title:	 	
                     
                    

  

	Dated:	             ,
20     

  
 H-3 

 EXHIBIT I 

LOCATION OF ADDITIONAL SUITE 600 VAV BOXES 
  

 

  
 I-1 

 EXHIBIT J 

PRE-APPROVED LOCATION OF SIGNAGE 

 
 

 

  
 J-1 

 ADDENDUM ONE 

TWO RENEWAL OPTIONS AT MARKET 

ATTACHED TO AND A PART OF THE LEASE AGREEMENT 

BY AND BETWEEN 
 KBSIII ALMADEN
FINANCIAL PLAZA, LLC 
 and 

ZOOM VIDEO COMMUNICATIONS, INC. 

(a)    Provided that as of the time of the giving of the First Extension Notice and the Commencement Date of the First
Extension Term, (i) Tenant is the Tenant originally named herein, (ii) Tenant actually occupies all of the Premises initially demised under this Lease and any space added to the Premises (including the Suite 600 Space), and (iii) no
event of default exists or would exist but for the passage of time or the giving of notice, or both; then Tenant shall have the right to extend the Lease Term for the entirety of the Premises for an additional term of five (5) years (such
additional term is hereinafter called the “First Extension Term”) commencing on the day following the expiration of the Lease Term (hereinafter referred to as the “Commencement Date of the First Extension Term”).
Tenant must give Landlord notice (hereinafter called the “First Extension Notice”) of its election to extend the term of the Lease Term at least six (6) months, but not more than nine (9) months, prior to the scheduled
expiration date of the Lease Term. 
 (b)    Provided that as of the time of the giving of the Second Extension Notice
and the Commencement Date of the Second Extension Term, (i) Tenant is the Tenant originally named herein, (ii) Tenant actually occupies all of the Premises initially demised under this Lease and any space added to the Premises (including
the Suite 600 Space), and (iii) no event of default exists or would exist but for the passage of time or the giving of notice, or both and provided Tenant has exercised its option for the First Extension Term; then Tenant shall have the right
to extend the Lease Term for the entirety of the Premises for an additional term of five (5) years (such additional term is hereinafter called the “Second Extension Term”) commencing on the day following the expiration of the
First Extension Term (hereinafter referred to as the “Commencement Date of the Second Extension Term”). Tenant must give Landlord notice (hereinafter called the “Second Extension Notice”) of its election to extend
the term of the Lease Term at least six (6) months, but not more than nine (9) months, prior to the scheduled expiration date of the First Extension Term. 

(c)    The Basic Annual Rent payable by Tenant to Landlord during the First Extension Term shall be the then prevailing
market rate for comparable space in the Project and comparable buildings in the Downtown San Jose area, taking into account the size of the Lease, the length of the renewal term, market escalations and the credit of Tenant. The Basic Annual Rent
shall not be reduced by reason of any costs or expenses saved by Landlord by reason of Landlord’s not having to find a new tenant for such premises (including, without limitation, brokerage commissions, costs of improvements, rent concessions
or lost rental income during any vacancy period). In the event Landlord and Tenant fail to reach an agreement on such rental rate and execute the Amendment (defined below) at least five (5) months prior to the expiration of the Lease, then
Tenant’s exercise of the renewal option shall be deemed withdrawn and the Lease shall terminate on its original expiration date. 

(d)    The Basic Annual Rent payable by Tenant to Landlord during the Second Extension Term shall be the then prevailing
market rate for comparable space in the Project and comparable buildings in the Downtown San Jose area, taking into account the size of the Lease, the length of the renewal term, market escalations and the credit of Tenant. The Basic Annual Rent
shall not be reduced by reason of any costs or expenses saved by Landlord by reason of Landlord’s not having to find a new tenant for such premises (including, without limitation, brokerage commissions, costs of improvements, rent concessions
or lost rental income during any vacancy period). In the event Landlord and Tenant fail to reach an agreement on such rental rate and execute the Amendment (defined below) at least five (5) months prior to the expiration date of the First
Extension Term, then Tenant’s exercise of the renewal option shall be deemed withdrawn and the Lease shall terminate at the end of the First Extension Term. 

  
 Addendum One-1 

 (e)    The determination of Basic Annual Rent does not reduce the
Tenant’s obligation to pay or reimburse Landlord for Operating Costs and other reimbursable items as set forth in the Lease, and Tenant shall reimburse and pay Landlord as set forth in the Lease with respect to such Operating Costs and other
items with respect to the Premises during the First Extension Term and/or the Second Extension Term without regard to any cap on such costs and/or expenses set forth in the Lease. 

(f)    Except for the Basic Annual Rent during the First Extension Term as determined above, Tenant’s occupancy of
the Premises during the First Extension Term shall be on the same terms and conditions as are in effect immediately prior to the expiration of the initial Lease Term; provided, however, Tenant shall have no further right to any allowances, credits
or abatements or any options to expand, contract, terminate, renew or extend the Lease. Except for the Basic Annual Rent during the Second Extension Term as determined above, Tenant’s occupancy of the Premises during the Second Extension Term
shall be on the same terms and conditions as are in effect immediately prior to the expiration of the First Extension Term; provided, however, Tenant shall have no further right to any allowances, credits or abatements or any options to expand,
contract, terminate, renew or extend the Lease. 
 (g)    If Tenant does not give the First Extension Notice within the
period set forth in Paragraph (a) above, Tenant’s right to extend the Lease Term for the First Extension Term and the Second Extension Term shall automatically terminate. If Tenant does not give the Second Extension Notice within
the period set forth in Paragraph (b) above, Tenant’s right to extend the Lease Term for the Second Extension Term shall automatically terminate. Time is of the essence as to the giving of the First Extension Notice
and the Second Extension Notice. 
 (h)    Landlord shall have no obligation to refurbish or otherwise improve the
Premises for the First Extension Term and/or the Second Extension Term. The Premises shall be tendered on the Commencement Date of the First Extension Term and the Commencement Date of the Second Extension Term in “as-is”, “where-is”, and “with all faults” condition. 

(i)    If the Lease is extended for either the First Extension Term or the Second Extension Term, then Landlord shall
prepare and Tenant shall execute an amendment to the Lease confirming the extension of the Lease Term and the other provisions applicable thereto (the “Amendment”). 

(j)    If Tenant exercises its right to extend the term of the Lease for the First Extension Term or the Second Extension
Term pursuant to this Addendum One, the term “Lease Term” as used in the Lease, shall be construed to include, when practicable, the First Extension Term or the Second Extension Term, as applicable, except as provided in
Paragraph (f) above. 

  
 Addendum One-2 

 ADDENDUM TWO 

ONE-TIME RIGHT OF FIRST OFFER 

ATTACHED TO AND A PART OF THE LEASE AGREEMENT 

BY AND BETWEEN 
 KBSIII ALMADEN
FINANCIAL PLAZA, LLC 
 and 

ZOOM VIDEO COMMUNICATIONS, INC. 

(a)    “Offered Space” shall mean a minimum of one (1) full floor of leasable area in the Building,
which is not already included in the Premises. For the avoidance of doubt, this one-time right of first offer shall not be triggered unless at least one (1) full floor in the Building is available (i.e.,
meaning if less than a full floor is available then Landlord shall be permitted to lease such partial floor without triggering Tenant’s right of first offer hereunder); provided, however, as set forth below in Paragraph (d), if Landlord
desires to lease more than just the Offered Space to one tenant, Landlord may offer to Tenant pursuant to the terms hereof all such space which Landlord desires to lease, and Tenant must exercise its rights hereunder with respect to all such space
and may not insist on receiving an offer for just the Offered Space. This is a one-time right and Landlord shall only be required to provide one (1) First Offer Notice to Tenant, irrespective if Tenant
ultimately elects to exercise its right of first offer in response to such First Offer Notice or waive its rights under this Addendum Two in response to this First Offer Notice. 

(b)    Provided that as of the date of the giving of the First Offer Notice, (i) Tenant is the Tenant originally
named herein, (ii) Tenant actually occupies all of the Premises originally demised under this Lease and any premises added to the Premises, and (iii) no event of default or event which but for the passage of time or the giving of notice,
or both, would constitute an event of default has occurred and is continuing, if at any time during the Lease Term any portion of the Offered Space is vacant and unencumbered by any rights of any third party, then Landlord, before offering such
Offered Space to anyone, other than the tenant then occupying such space (or its affiliates), shall offer to Tenant the right to include the Offered Space within the Premises on the same terms and conditions upon which Landlord intends to offer the
Offered Space for lease. Notwithstanding anything to the contrary in the Lease, the right of first offer granted to Tenant under this Addendum Two shall be subject and subordinate to (i) the rights of all tenants at the Project under existing
leases, and (ii) the herein reserved right of Landlord to renew or extend the term of any lease with the tenant then occupying such space (or any of its affiliates), whether pursuant to a renewal or extension option in such lease or otherwise.

 (c)    Such offer shall be made by Landlord to Tenant in a written notice (hereinafter called the “First
Offer Notice”) which offer shall designate the space being offered and shall specify the terms which Landlord intends to offer with respect to any such Offered Space. Tenant may accept the offer set forth in the First Offer Notice by
delivering to Landlord an unconditional acceptance (hereinafter called “Tenant’s Notice”) of such offer within five (5) business days after delivery by Landlord of the First Offer Notice to Tenant. Time shall be of the
essence with respect to the giving of Tenant’s Notice. If Tenant does not accept (or fails to timely accept) an offer made by Landlord pursuant to the provisions of this Addendum Two with respect to the Offered Space designated in the First
Offer Notice and execute the Amendment (defined below) within thirty (30) days after the delivery of the First Offer Notice, then Landlord shall be under no further obligation with respect to this Addendum Two. In addition, if Tenant does
timely deliver a Tenant’s Notice in response to a First Offer Notice and thereafter timely executes an Amendment, this Addendum Two shall similarly be deemed deleted and of no further force or effect since this right of first offer is only a one-time right. 
 (d)    Tenant must accept all Offered Space offered by Landlord at
any one time if it desires to accept any of such Offered Space and may not exercise its right with respect to only part of such space. In addition, if Landlord desires to lease more than just the Offered Space to one tenant, Landlord may offer to
Tenant pursuant to the terms hereof all such space which Landlord desires to lease, and Tenant must exercise its rights hereunder with respect to all such space and may not insist on receiving an offer for just the Offered Space. 

  
 Addendum Two-1 

 (e)    If Tenant at any time declines any Offered Space offered by
Landlord, Tenant shall be deemed to have irrevocably waived all further rights under this Addendum Two, and Landlord shall be free to lease the Offered Space to third parties including on terms which may be less favorable to Landlord than those
offered to Tenant. 
 (f)    In the event that Tenant exercises its rights to any Offered Space pursuant to this
Addendum Two, then Landlord shall prepare, and Tenant shall execute, an amendment to the Lease which confirms such expansion of the Premises and the other provisions applicable thereto (the “Amendment”). 

  
 Addendum Two-2 

 ADDENDUM THREE 

CANCELLATION OPTION 
 ATTACHED TO
AND A PART OF THE LEASE AGREEMENT 
 BY AND BETWEEN 

KBSIII ALMADEN FINANCIAL PLAZA, LLC 

and 
 ZOOM VIDEO COMMUNICATIONS,
INC. 
 Provided no event of default shall then exist under the Lease and no condition shall then exist which with the passage of time or
giving of notice, or both, would constitute an event of default under the Lease, Tenant shall have the right at any time on or before the last day of the thirtieth (30th) full calendar month
following the Commencement Date to send Landlord irrevocable written notice (the “Termination Notice”) that Tenant has elected to terminate this Lease, effective on the last day of the thirty-sixth (36th) full calendar month following the Commencement Date (“Termination Date”). 

If Tenant elects to terminate this Lease pursuant to the immediately preceding sentence, the effectiveness of such termination shall be
conditioned upon Tenant paying to Landlord, simultaneously with Tenant’s delivery of the Termination Notice to Landlord, a termination fee equal to the sum of $321,753.64 (collectively the “Termination Fee”). Such Termination
Fee is consideration for Tenant’s option to terminate and shall not be applied to Rent or any other obligation of Tenant. Except as otherwise expressly set forth in this Lease, Landlord and Tenant shall be relieved of all obligations accruing
under this Lease after the Termination Date, but not any obligations accruing under the Lease prior to the effective date of such termination. Both Landlord and Tenant acknowledge and agree that it would be impracticable or extremely difficult to
affix damages if Tenant terminates this Lease and that the Termination Fee set forth above represents a reasonable estimate of Landlord’s damages in the event Tenant terminates this Lease under this Addendum. If Tenant does not timely deliver
the Termination Notice or Termination Fee to Landlord, then this termination option shall become null and void and the Lease shall continue in full force and effect. 

  
 Addendum Three-1 

							
	 LEASE OF PREMISES
	  	 	2	 
	 BASIC LEASE PROVISIONS
	  	 	2	 
	 STANDARD LEASE PROVISIONS
	  	 	6	 
	 1.
	 	 TERM
	  	 	6	 
	 2.
	 	 BASIC ANNUAL RENT AND SECURITY DEPOSIT
	  	 	7	 
	 3.
	 	 ADDITIONAL RENT
	  	 	8	 
	 4.
	 	 IMPROVEMENTS AND ALTERATIONS
	  	 	13	 
	 5.
	 	 REPAIRS
	  	 	14	 
	 6.
	 	 USE OF PREMISES
	  	 	15	 
	 7.
	 	 UTILITIES AND SERVICES
	  	 	17	 
	 8.
	 	 NON-LIABILITY AND INDEMNIFICATION OF LANDLORD;
INSURANCE
	  	 	18	 
	 9.
	 	 FIRE OR CASUALTY
	  	 	20	 
	 10.
	 	 EMINENT DOMAIN
	  	 	21	 
	 11.
	 	 ASSIGNMENT AND SUBLETTING
	  	 	22	 
	 12.
	 	 DEFAULT
	  	 	24	 
	 13.
	 	 ACCESS; CONSTRUCTION
	  	 	26	 
	 14.
	 	 BANKRUPTCY
	  	 	27	 
	 15.
	 	 SUBSTITUTION OF PREMISES
	  	 	27	 
	 16.
	 	 SUBORDINATION; ATTORNMENT; ESTOPPEL CERTIFICATES
	  	 	28	 
	 17.
	 	 SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY
	  	 	29	 
	 18.
	 	 PARKING; COMMON AREAS
	  	 	30	 
	 19.
	 	 MISCELLANEOUS
	  	 	31	 

  
  

LIST OF EXHIBITS 
  

			
	 Exhibit A-1
	  	 Floor Plan(s)

	 Exhibit A-2
	  	 Legal Description of the Project

	 Exhibit A-3
	  	 Rentable Area

	 Exhibit B
	  	 Work Letter

	 Exhibit B-1
	  	 Description of Tenant Improvements

	 Exhibit C
	  	 Utilities and Services

	 Exhibit D
	  	 Building Rules and Regulations

	 Exhibit E
	  	 Form Estoppel Certificate

	 Exhibit F
	  	 Tenant Commencement Certificate

	 Exhibit G
	  	 ADA

	 Exhibit H
	  	 Form of Letter of Credit

	Exhibit I	  	Location of Suite 600 VAV Boxes
	Exhibit J	  	Pre-Approved Location of Signage

 Addendum One Two Renewal Options at Market 

Addendum Two One-Time Right of First Offer 

Addendum Three Cancellation Option 

  
 -i- 

 FIRST AMENDMENT TO OFFICE LEASE 

This First Amendment to Office Lease (this “First Amendment”) is entered into by and between
KBSIII ALMADEN FINANCIAL PLAZA, LLC, a Delaware limited liability company (“Landlord”), and ZOOM VIDEO COMMUNICATIONS, INC., a Delaware corporation (“Tenant”), and
shall be effective on the date that Landlord executes this First Amendment (the “Effective Date”). 
 WITNESSETH

 WHEREAS, Landlord and Tenant entered into that certain Office Lease (the “Lease”), pursuant to which Tenant
leases from Landlord certain premises containing 35,153 square feet of Rentable Area, designated as Suites 500 and 600, in the building located at 55 Almaden Boulevard, San Jose, California (the “Building”); and 

WHEREAS, Tenant desires an increased allowance with respect to the Moving Reimbursement, and Landlord has agreed to permit the same in
accordance with the terms of this First Amendment. 
 NOW, THEREFORE, pursuant to the foregoing, and for valuable consideration and in
consideration of the mutual agreements contained herein and in the Lease, the receipt and sufficiency of which are hereby acknowledged, the Lease is hereby amended as follows: 
  

	(a)	 Defined Terms: Lease. Capitalized terms used herein shall have the same meaning as defined in the Lease,
unless otherwise defined in this First Amendment, and the recitals above are agreed to be true. 

  

	(b)	 Moving Reimbursement. Landlord and Tenant agree that Tenant’s maximum reimbursement, as originally
set forth in Paragraph (f) of Exhibit B to the Lease, from the Under Budget Amount shall be increased from $88,195.00 to $132,292.50. For the avoidance of doubt, the Landlord Amount shall remain at $352,780.00. In addition,
(i) the phrase “within sixty (60) days following the Commencement Date” as set forth in the last sentence of Paragraph (f) of Exhibit B to the Lease shall be revised to be “by July 31,
2017” and (ii) the phrase “within said sixty (60) day period” as set forth in the last sentence of Paragraph (f) of Exhibit B to the Lease shall be revised to be “by
July 31, 2017.” 

  

	(c)	 Landlord Amount Allocation. Subject to Tenant, at Tenant’s sole cost and expense, obtaining written
consent satisfactory to Landlord from Armanino LLP, which consent confirms that Landlord may construct a portion of the Tenant Improvements in the Suite 600 Space in accordance with the terms of Exhibit B, Landlord shall allow up to
$100,000.00 of the Landlord Amount to be used toward the Cost of the Work in connection with the Suite 600 Space. Landlord may require Armanino LLP to enter into a side-letter agreement with Landlord to confirm Armanino LLP’s consent prior to
constructing any Tenant Improvements in the Suite 600 Space. In the event Tenant is unable to obtain satisfactory evidence of Armanino LLP’s consent to Landlord constructing a portion of the Tenant Improvements in the Suite 600 Space, then
Landlord shall have no obligation to perform any work in the Suite 600 Space and this Paragraph (c) shall be rendered null and void. 

  

	(d)	 Miscellaneous. With the exception of those terms and conditions specifically modified and amended
herein, the herein referenced Lease shall remain in full force and effect in accordance with all its terms and conditions. In the event of any conflict between the terms and provisions of this First Amendment and the terms and provisions of the
Lease, the terms and provisions of this First Amendment shall supersede and control. 

  

	(e)	 Counterparts/Facsimiles. This First Amendment may be executed in any number of counterparts, each of
which shall be deemed an original, and all of such counterparts shall constitute one agreement. To facilitate execution of this First Amendment, the parties may execute and exchange telefaxed or e-mailed
counterparts of the signature pages and such counterparts shall serve as originals. 

 [Signature Page Follows] 

  
 Page 1 of 2

											
	LANDLORD:	 		 	TENANT:
	 KBSIII ALMADEN FINANCIAL PLAZA, LLC,

a Delaware limited liability company
	 		 	ZOOM VIDEO COMMUNICATIONS, INC.,
a Delaware corporation
					
	By:	 	     KBS Capital Advisors, LLC

    a Delaware limited liability company
	 		 		 	

											
						
		 	By:	 	 /s/ Brent
Carroll                                       
                 
	 		 	By:	 	 /s/ Roy
Benhorin                                       
         

		 		 	Brent Carroll, Senior Vice President	 		 	Name:	 	Roy Benhorin
		 		 		 		 	Title:	 	Head of Finance
	Date:	 		 	10/31/16	 		 	Date:	 	10/26/16

  
 2 

 SECOND AMENDMENT TO OFFICE LEASE 

This Second Amendment to Office Lease (this “Second Amendment”) is made and entered into by and between KBSIII ALMADEN FINANCIAL PLAZA,
LLC, a Delaware limited liability company (“Landlord”), and ZOOM VIDEO COMMUNICATIONS, INC., a Delaware corporation (“Tenant”), and shall be effective for all purposes as of the date that Landlord
executes this Second Amendment as reflected in the signature page below (the “Effective Date”). 
 WITNESSETH:

 WHEREAS, Landlord and Tenant are parties to that certain Office Lease dated August 1, 2016 (the “Original
Lease”), as amended by that certain First Amendment to Office Lease dated October 31, 2016 (the “First Amendment;” the Original Lease, as so amended, being the “Lease”), pursuant to which Tenant
is currently leasing from Landlord certain premises containing a total of 17,639 square feet of Rentable Area designated as Suite 500 (the “Suite 500 Space”) in the building known as 55 Almaden Boulevard San Jose, California (the
“Building”); 
 WHEREAS, pursuant to the terms of the Lease, on November 1, 2018 (the “Suite 600 Commencement
Date”), Tenant will commence to lease from Landlord on a direct basis that certain 17,514 square feet of Rentable Area designated as Suite 600 (the “Suite 600 Space”) in the Building; 

WHEREAS, Tenant desires to further expand the “Premises” under the Lease; 

WHEREAS, Landlord and Tenant desire to expand the Premises and further amend the Lease as more particularly described hereinbelow; 

NOW, THEREFORE, pursuant to the foregoing, and in consideration of the mutual covenants and agreements contained herein and in the Lease, the
receipt and sufficiency of which are hereby acknowledged, the Lease is hereby amended as follows: 
  

	1.	 Defined Terms. All capitalized terms used herein shall have the same meaning as defined in the Lease,
unless otherwise defined in this Second Amendment. 

  

	2.	 Expansion of Premises. 

 

	 	(a)	 Suite 400 Space. Landlord is currently leasing certain space containing approximately 17,576 square feet of
Rentable Area designated as Suite 400 (the “Suite 400 Space”) to Western Alliance Bank (“Western Bank”) pursuant to a lease agreement (the “Western Bank Lease”) scheduled to expire at a future date.
Tenant is leasing the Suite 400 Space from Western Bank pursuant to a sublease agreement (the “Tenant’s Sublease”), which is scheduled to expire on August 31, 2019. Concurrently herewith, Landlord is amending
the Western Bank Lease in order to reduce the premises leased by Western Bank under the Western Bank Lease by the Suite 400 Space and as of the Effective Date hereof the Premises under the Lease is hereby deemed expanded by the Suite 400 Space (such
date shall be known as the “Suite 400 Commencement Date”). The Suite 400 Space is more particularly shown in Exhibit A attached hereto and incorporated herein for all purposes. 

 

	 	(b)	 Suite 900 Space in One Almaden Boulevard. Effective as of January 1, 2019 (the
“Suite 900 Commencement Date”), the Premises shall be expanded to include that certain 13,291 square foot of Rentable Area (the “Suite 900 Space”) in that certain office building located in the Project having an
address of One Almaden, San Jose, California (the “One Almaden Building”), for a term that is coterminous with the Lease Term, as extended pursuant to

  
 1 

	 	
Paragraph 3 below. The Suite 900 Space is more particularly shown in Exhibit A-1 attached hereto and incorporated herein for all
purposes. Landlord shall relocate an existing tenant that is currently occupying a portion of the Suite 900 Space. Upon completing such relocation, then Landlord shall deliver possession of the Suite 900 Space to Tenant in order for Tenant to
construct the Tenant Improvements pursuant to the work letter attached hereto as Exhibit B. In no event shall Landlord be liable to Tenant, nor shall Landlord be in default under this Lease in the event there is any delay in delivery of the
Suite 900 Space to Tenant as a result of any holding over by any tenant currently occupying the Suite 900 Space. Notwithstanding the foregoing, if Landlord has not delivered possession of the Suite 900 Space to Tenant in the condition required
herein on or before the date that is sixty (60) days following full execution of this Second Amendment, then, as Tenant’s sole and exclusive remedy, for each day thereafter that Landlord has failed to deliver possession of the Suite 900
Space to Tenant, the Suite 900 Commencement Date shall be extended for one (1) day. With respect to the references to “Building” in the Lease, such references shall mean and refer to the One Almaden Building as the context
requires with respect to the Suite 900 Space. 

  

	3.	 Lease Term. The Lease Term, which is currently scheduled to expire on August 31, 2021 (the
“Existing Expiration Date”), is hereby extended for an additional period of time, commencing on September 1, 2021 (the “Extension Term Commencement Date”) and continuing through and expiring on
February 28, 2027 (the “Extension Term”). 

  

	4.	 Confirmation of the Premises. For the time period from the Effective Date through the day
immediately preceding the Suite 600 Commencement Date, the “Premises” under the Lease shall be deemed to contain a total of 35,215 square feet of Rentable Area consisting of the Suite 400 Space and the Suite 500 Space. Thereafter,
commencing on the Suite 600 Space Commencement Date and continuing thereafter through the day immediately preceding the Suite 900 Commencement Date, the “Premises” shall contain a total of 52,729 square feet of Rentable Area consisting of
the Suite 400 Space, Suite 500 Space and Suite 600 Space. Thereafter, commencing on the Suite 900 Space Commencement Date and continuing thereafter through the remainder of the Extension Term, the “Premises” shall contain a total of 66,020
square feet of Rentable Area, consisting of the Suite 400 Space, Suite 500 Space, Suite 600 Space and Suite 900 Space. 

  

	5.	 Basic Annual Rent. 

 

	 	(a)	 Suite 500 Space. Tenant shall continue to pay Basic Annual Rent with respect to the Suite 500 Space in
accordance with the terms and conditions of the Lease through the Existing Expiration Date. Notwithstanding the foregoing to the contrary, in the event that Tenant elects the disbursement of the Landlord’s Construction Allowance (as defined in
Paragraph 6 below) allocable to the Suite 500 Space prior to the Existing Expiration Date, then, effective as of the date that Landlord disburses any portion of the Landlord’s Construction Allowance attributable to the Suite 500
Space through the Existing Expiration Date, the Basic Annual Rent payable by Tenant with respect to the Suite 500 Space shall be equal to the following: (i) if such disbursement occurs prior to September 30, 2019, then from the date of the
disbursement through September 30, 2019, Tenant shall pay Basic Annual Rent for the Suite 500 Space in an amount equal to $73,201.85 (which is equal to $4.15 per square foot of Rentable Area per month), (ii) if the disbursement has occurred,
then, for the time period from October 1, 2019 through September 30, 2020, Tenant shall pay Basic Annual Rent for the Suite 500 Space in an amount equal to $75,397.91 per month (which is equal to approximately $4.27 per square foot of
Rentable Area per month), and (iii) if the disbursement has occurred, then, for the time period from October 1, 2020 through the Existing Expiration Date, Tenant shall pay Basic Annual Rent for the Suite 500 Space in an amount equal to
$77,659.84 per month (which is equal to approximately $4.40 per 

  
 2 

	 	
square foot of Rentable Area per month). Any partial month shall be prorated on a per diem basis. In the event Landlord disburses any portion of the Landlord’s Construction Allowance
attributable to the Suite 500 Space prior to the Existing Expiration Date resulting in an adjustment of the Basic Annual Rent payable prior to the Existing Expiration Date as more particularly set forth above, then Landlord and Tenant shall execute
a mutually agreeable rent confirmation letter agreement to document the date of such disbursement and the Basic Annual Rent payable for the Suite 500 Space prior to the Existing Expiration Date. Thereafter, commencing on the Extension Term
Commencement Date and continuing thereafter through the Extension Term, the Basic Annual Rent payable with respect to the Suite 500 Space shall be as follows 

  

									
	 Period
	  	Rate/rsf/month	 	  	Monthly Installment	 
	 09/01/2021 – 12/31/2022
	  	Approx. $	4.40	 	  	$	77,659.84	 
	 01/01/2023 – 12/31/2023
	  	Approx. $	4.53	 	  	$	79,989.64	 
	 01/01/2024 – 12/31/2024
	  	Approx. $	4.67	 	  	$	82,389.33	 
	 01/01/2025 – 12/31/2025
	  	Approx. $	4.81	 	  	$	84,861.01	 
	 01/01/2026 – 12/31/2026
	  	Approx. $	4.96	 	  	$	87,406.84	 
	 01/01/2027 – 02/28/2027
	  	Approx. $	5.10	 	  	$	90,029.04	 

  

	 	(b)	 Suite 400 Space. The parties hereby agree that the intent is for the Tenant to continue to pay for the
Suite 400 Space at the same rate that Tenant would have been obligated to pay under the Tenant’s Sublease for the Suite 400 Space through August 31, 2019 (i.e., being the date that the Tenant’s Sublease would have naturally expired
upon its terms), which the parties stipulate and agree is equal to: (i) for the time period from the Effective Date through December 31, 2018, Tenant shall pay Basic Annual Rent for the Suite 400 Space in an amount equal to $67,843.36 per
month (which is equal to $3.86 per square foot of Rentable Area per month), and (ii) for the time period from January 1, 2019 through August 31, 2019, Tenant shall pay Basic Annual Rent for the Suite 400 Space in an amount equal to
$69,952.48 per month (which is equal to $3.98 per square foot of Rentable Area per month). Notwithstanding the foregoing to the contrary, in the event that Tenant elects the disbursement of the Landlord’s Construction Allowance (as defined in
Paragraph 7 below) allocable to the Suite 400 Space prior to September 1, 2019, then, effective as of the date that Landlord disburses any portion of the Landlord’s Construction Allowance attributable to the Suite 400 Space through
August 31, 2019, the Basic Annual Rent payable by Tenant with respect to the Suite 400 Space shall be equal to $72,940.40 per month (which is equal to $4.15 per square foot of Rentable Area per month). In the event Landlord disburses any
portion of the Landlord’s Construction Allowance attributable to the Suite 400 Space prior September 1, 2019 resulting in an adjustment of the Basic Annual Rent payable prior to such date as more particularly set forth above, then Landlord
and Tenant shall execute a mutually agreeable rent confirmation letter agreement to document the date of such disbursement and the Basic Annual Rent payable for the Suite 400 Space prior to September 1, 2019. Thereafter, commencing on
September 1, 2019 and continuing thereafter through the Extension Term, the Basic Annual Rent payable with respect to the Suite 400 Space shall be as follows: 

 

									
	 Period
	  	Rate/rsf/month	 	  	Monthly Installment	 
	 09/01/2019 – 12/31/2020
	  	$	4.15	 	  	$	72,940.40	 
	 01/01/2021 – 12/31/2021
	  	Approx. $	4.27	 	  	$	75,128.61	 
	 01/01/2022 – 12/31/2022
	  	Approx. $	4.40	 	  	$	77,382.47	 
	 01/01/2023 – 12/31/2023
	  	Approx. $	4.53	 	  	$	79,703.94	 
	 01/01/2024 – 12/31/2024
	  	Approx. $	4.67	 	  	$	82,095.06	 
	 01/01/2025 – 12/31/2025
	  	Approx. $	4.81	 	  	$	84,557.91	 
	 01/01/2026 – 12/31/2026
	  	Approx. $	4.96	 	  	$	87,094.65	 
	 01/01/2027 – 02/28/2027
	  	Approx. $	5.10	 	  	$	89,707.49	 

  
 3 

	 	(c)	 Suite 600 Space. Effective as of the Suite 600 Commencement Date and continuing thereafter through
December 31, 2018, Tenant shall pay Basic Annual Rent for the Suite 600 Commencement Date in accordance with the terms and conditions of the Lease. Thereafter, commencing on January 1, 2019 (the “Rent Change Date”) and
continuing thereafter through the Extension Term, the Basic Annual Rent payable with respect to the Suite 600 Space shall be amended so that Tenant shall also pay Basic Annual Rent with respect to the Suite 600 Space as follows:

  

					
	 Period
	  	Monthly Installment	 
	 01/01/2019 – 12/31/2019
	  	$	98,423.10	* 
	 01/01/2020 – 12/31/2020
	  	$	100,603.59	 
	 01/01/2021 – 12/31/2021
	  	$	102,849.50	 
	 01/01/2022 – 12/31/2022
	  	$	105,162.79	 
	 01/01/2023 – 12/31/2023
	  	$	107,545.47	 
	 01/01/2024 – 12/31/2024
	  	$	109,999.63	 
	 01/01/2025 – 12/31/2025
	  	$	112,527.42	 
	 01/01/2026 – 12/31/2026
	  	$	115,131.05	 
	 01/01/2027 – 02/28/2027
	  	$	117,812.78	 

  

	*	 Provided that Tenant is not in default under the Lease past applicable notice and cure periods, then Landlord
hereby agrees to partially abate the Basic Annual Rent with respect to the Suite 600 Space for the full three (3) month period from January 1, 2019 through March 31, 2019 so that during this partial abatement period the Basic Annual
Rent payable by Tenant for the Suite 600 Space shall equal $25,740.00 per month. Notwithstanding anything herein to the contrary, prior to the occurrence of the scheduled abatement of the Basic Annual Rent, Landlord may pay to Tenant the sum
scheduled to be abated, in which case the abatement of Basic Annual Rent shall not occur and Tenant shall pay Basic Annual Rent in the amount required in the Basic Annual Rent schedule above. 

 

	 	(d)	 Suite 900 Space. Effective as of the Suite 900 Commencement Date and continuing thereafter through the
Extension Term, Tenant shall also pay Basic Annual Rent with respect to the Suite 900 Space as follows: 

  

					
	 Period
	  	Monthly Installment	 
	 01/01/2019 – 12/31/2019
	  	$	63,737.65	* 
	 01/01/2020 – 12/31/2020
	  	$	65,392.38	 
	 01/01/2021 – 12/31/2021
	  	$	67,096.75	 
	 01/01/2022 – 12/31/2022
	  	$	68,852.25	 
	 01/01/2023 – 12/31/2023
	  	$	70,660.42	 
	 01/01/2024 – 12/31/2024
	  	$	72,522.83	 
	 01/01/2025 – 12/31/2025
	  	$	74,441.12	 
	 01/01/2026 –12/31/2026
	  	$	76,416.95	 
	 01/01/2027 – 02/28/2027
	  	$	78,452.06	 

  

	*	 Provided that Tenant is not in default under this Lease past applicable notice and cure periods, then Landlord
hereby agrees to partially abate the Basic Annual Rent with respect to the Suite 900 Space for full four (4) month period commencing on the first day of the 

  
 4 

 
second (2nd) full calendar month following the Suite 900 Commencement Date and continuing through the last day of the fifth (5th) full calendar month following the Suite 900 Commencement Date so that during this partial abatement period, the Basic Annual Rent payable by Tenant for the Suite 900 Space shall equal $8,580.00 per
month. Notwithstanding anything herein to the contrary, prior to the occurrence of the scheduled abatement of the Basic Annual Rent, Landlord may pay to Tenant the sum scheduled to be abated, in which case the abatement of Basic Annual Rent shall
not occur and Tenant shall pay Basic Annual Rent in the amount required in the Basic Annual Rent schedule above. 
  

	6.	 Additional Rent. 

 

	 	(a)	 Suite 600 Space. For the time period commencing the Suite 600 Commencement Date through the day
immediately preceding the Rent Change Date, Tenant shall pay Additional Rent with respect to the Suite 600 Space in accordance with the terms of the Lease. Thereafter, commencing on the Rent Change Date and continuing thereafter through the
Extension Term, Tenant shall pay, as Additional Rent, the Tenant’s Proportionate Share of Operating Costs attributable to the Suite 600 Space in excess of those Operating Costs incurred in the Base Year and for purposes of performing such
calculations: (i) the Tenant’s Proportionate Share of the Building with respect to the Suite 600 Space shall be deemed to equal 12.4904% (17,514 rsf / 140,220 rsf), (ii) the Tenant’s Proportionate Share of the Project with respect to
the Suite 600 Space shall be deemed to equal 4.2088% (17,514 rsf / 416,126 rsf), and (iii) the Base Year with respect to the Suite 600 Space shall be deemed to be the calendar year 2019. The cap on Controllable Operating Costs set forth in
Paragraph 3(l) of the Lease shall apply with respect to the Suite 600 Space, however, for purposes of calculating such cap, the phrase “first calendar year” as set forth in the third line of Paragraph 3(l) shall be amended to
be “2019 calendar year”. 

  

	 	(b)	 Suite 500 Space. Tenant shall continue to pay Additional Rent with respect to the Suite 500 Space in
accordance with the terms and provisions of the Lease through the Existing Expiration Date. Commencing on the Extension Term Commencement Date and continuing thereafter through the remainder of the Extension Term, for the purposes of calculating the
Additional Rent payable with respect to the Suite 500 Space, the Base Year shall be amended to be the calendar year 2022. Notwithstanding the foregoing to the contrary, in the event that the Tenant requests the disbursement of the Landlord’s
Construction Allowance allocable to the Suite 500 Space prior to the Existing Expiration Date, then, effective as of the date that Landlord disburses any portion of the Landlord’s Construction Allowance with respect to the Suite 500 Space, the
Base Year shall be amended to be the calendar year in which Landlord disburses such portion of Landlord’s Construction Allowance with respect to the Suite 500 Space; provided, however, if such disbursement occurs after September 30th, the Base Year shall be amended to be the calendar year subsequent the year Landlord disburses the Landlord’s Construction Allowance for purposes of calculating the Additional Rent for the
Suite 500 Space. The cap on Controllable Operating Costs set forth in Paragraph 3(l) of the Lease shall continue to apply with respect to the calculation of the Additional Rent payable for the Suite 500 Space; provided, however, effective as of the
date that the Base Year is reset for the Suite 500 Space, the phrase “first calendar year” as set forth in the third line of Paragraph 3(l) shall be amended to be the applicable calendar year as calculated above.

  

	 	(c)	 Suite 400 Space. With respect to the Suite 400 Space, commencing on the Suite 400 Commencement Date and
continuing through the Extension Term, Tenant shall be obligated to pay, as Additional Rent, Tenant’s Proportionate Share of Operating Costs in excess of those Operating Costs allocable to Base Year. For purposes of making such

  
 5 

	 	
calculations: (i) the Tenant’s Proportionate Share of the Building with respect to the Suite 400 Space shall be deemed to equal 12.5346% (17,576 rsf / 140,220 rsf) and (ii) the
Tenant’s Proportionate Share of the Project with respect to the Suite 400 Space shall be deemed to equal 4.2237% (17,576 rsf / 416,126 rsf). Unless earlier triggered as set forth below, the Base Year for the Suite 400 Space for the time period
from the Suite 400 Commencement Date through August 31, 2019 shall be deemed to be the calendar year 2014. Effective as of September 1, 2019 and continuing thereafter for the remainder of the Extension Term, for the purposes of calculating
the Additional Rent allocable to the Suite 400 Space, the Base Year shall be amended to be the calendar year 2020 and the cap on Controllable Operating Costs set forth in Paragraph 3(l) of the Lease shall apply with respect to the Suite 400
Space, however, for purposes of calculating such cap, the phrase “first calendar year” as set forth in the third line of Paragraph 3(l) shall be amended to be “2020 calendar year”. Notwithstanding the foregoing to
the contrary, in the event that the Tenant requests the disbursement of the Landlord’s Construction Allowance allocable to the Suite 400 Space prior to September 1, 2019, then, effective as of the date that Landlord disburses any portion
of the Landlord’s Construction Allowance with respect to the Suite 400 Space, the Base Year shall be amended to be the calendar year in which Landlord disburses such portion of Landlord’s Construction Allowance with respect to the Suite
400 Space; provided, however, if such disbursement occurs after September 30th, the Base Year shall be amended to be the calendar year subsequent the year Landlord disburses the Landlord’s
Construction Allowance for purposes of calculating the Additional Rent for the Suite 400 Space. 

  

	 	(d)	 Suite 900 Space. With respect to the Suite 900 Space, commencing on the Suite 900 Commencement Date and
continuing thereafter through the Extension Term, Tenant shall pay, as Additional Rent, the Tenant’s Proportionate Share of Operating Costs attributable to the Suite 900 Space in excess of those Operating Costs incurred in the Base Year and for
purposes of performing such calculations: (i) the Tenant’s Proportionate Share of the One Almaden Building with respect to the Suite 900 Space shall be deemed to equal 8.4985% (13,291 rsf / 156,392 rsf), (ii) the Tenant’s
Proportionate Share of the Project with respect to the Suite 900 Space shall be deemed to equal 3.1940% (13,291 rsf / 416,126 rsf), (iii) the Base Year with respect to the Suite 900 Space shall be deemed to be the calendar year 2019, and
(iv) any references to the “Building” in the Lease shall mean and refer to the One Almaden Building. The cap on Controllable Operating Costs set forth in Paragraph 3(l) of the Lease shall apply with respect to the Suite 900
Space, however, for purposes of calculating such cap, the phrase “first calendar year” as set forth in the third line of Paragraph 3(l) shall be amended to be “2019 calendar year”. 

 

	 	(e)	 Earthquake Insurance Deductibles. In the event there is any earthquake insurance deductible payable by
Landlord during the Lease Term, such earthquake insurance deductible shall be included in Operating Costs, however, it shall be amortized over a ten (10) year period for purposes of calculating the Additional Rent payable by Tenant under the
Lease (as herein amended). 

  

	7.	 Condition of Premises. Notwithstanding anything in the Lease to the contrary, Tenant is currently
in possession of the entirety of the Suite 400 Space (other than the portion of the Suite 400 Space currently occupied by Western Bank, which Landlord shall deliver to Tenant following Western Bank’s surrender of the same), Suite 500 Space and
Suite 600 Space and agrees to accept the entirety of the Premises (inclusive of the Suite 900 Space) from Landlord, in their existing “AS-IS”,
“WHERE-IS” and “WITH ALL FAULTS” condition, and, except as provided in the Lease, Landlord shall have no obligation whatsoever to refurbish or otherwise improve any portion of the Premises
at any time during the Lease Term; provided, however, Landlord hereby agrees to provide to Tenant an allowance equal to $5,147,765.00 (which is equal to (i) $125.00 per square foot of

  
 6 

	 	
Rentable Area for the Suite 600 Space, plus (ii) $75.00 per square foot of Rentable Area for the Suite 500 Space, plus (iii) $25.00 per square foot of Rentable Area for the Suite 400 Space, plus
(iv) $90.00 per square foot of Rentable Area for the Suite 900 Space) (collectively, the “Landlord’s Construction Allowance”), which shall be utilized for the construction of certain improvements to the Premises
in accordance with the terms and conditions of the work letter attached hereto as Exhibit B. In no event shall the Landlord’s Construction Allowance allocable to the Suite 500 Space be available prior to the Existing Expiration Date
unless Tenant requests disbursement of the same prior to such date, in which case, effective as of the date Landlord disburses any portion of the Landlord’s Construction Allowance allocable to the Suite 500 Space, the Basic Annual Rent and Base
Year with respect to the Suite 500 Space shall be adjusted as set forth in Sections 5(a) and 6(b) above. In addition, in no event shall the Landlord’s Construction Allowance allocable to the Suite 400 Space be available
prior to September 1, 2019 unless Tenant requests disbursement of the same prior to such date, in which case, effective as of the date that Landlord disburses any portion of the Landlord’s Construction Allowance allocable to the Suite 400
Space, the Basic Annual Rent and Base Year with respect to the Suite 400 Space shall be adjusted as set forth in Sections 5(a) and 6(c) above. Tenant acknowledges and agrees that any obligations of Landlord originally existing
in the Lease to complete leasehold improvements and/or furnish allowance with respect to the Suite 500 Space, if any, have been completed and/or satisfied in their entirety, and any provisions in the Lease providing for such obligations are hereby
null and void and of no further force or effect. With respect to the Suite 900 Space, Landlord agrees that upon delivery of the same to Tenant, such space shall be clean and the base Building systems serving the Suite 900 Space shall be in good
working order based on the then existing condition and configuration of the Suite 900 Space. 

  

	8.	 Permitted Transfers. Provided no event of default has occurred and is continuing under this Lease, upon
ten (10) days prior written notice to Landlord (provided however, if Tenant is prohibited by applicable law or a confidentiality agreement to give such prior notice, then Tenant shall give such notice within ten (10) days following such
transfer), Tenant may, without Landlord’s prior written consent, assign the Lease to an entity into which Tenant is merged or consolidated or assign this Lease or sublease the Premises to an entity to which substantially all of Tenant’s
assets are transferred or to an entity controlled by or is commonly controlled with Tenant (such sublease or assignment being a “Permitted Transfer”), provided (i) such merger, consolidation, or transfer of assets is for a good
faith business purpose and not principally for the purpose of transferring Tenant’s leasehold estate, and (ii) the assignee or successor entity has a tangible net worth, calculated in accordance with generally accepted accounting
principles (and evidenced by financial statements in accordance with generally accepted accounting principles) at least equal to the tangible net worth of Tenant immediately prior to such merger, consolidation, or transfer. The term “controlled
by” or “commonly controlled with” shall mean the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such controlled person or entity; the ownership, directly or indirectly,
of at least fifty-one percent (51%) of the voting securities of, or possession of the right to vote, in the ordinary direction of its affairs, at least fifty-one percent
(51 %) of the voting interest in, any person or entity shall be presumed to constitute such control. Landlord’s recapture rights or rights to participate in any sublease proceeds shall not apply with respect to Permitted Transfers.

  

	9.	 Parking. Notwithstanding anything to the contrary in the Lease, Tenant’s parking rights shall be
governed by the terms of the Lease, except that in lieu of the ratio set forth in the Lease, Tenant shall receive a parking ratio of four (4) unreserved parking spaces per 1,000 square feet of Rentable Area in the Premises then being leased by
Tenant. Thereafter, commencing on January 1, 2019 and continuing for the remainder of the Lease Term, Tenant’s parking rights shall be as set forth below: 

 

	 	(a)	 Standard Parking Allocation. Tenant shall receive a total of four (4) unreserved parking spaces per
1,000 rentable square feet (the “Standard Parking Allocation”) at no charge for 

  
 7 

	 	
the term of the Lease; provided, however, if Landlord’s prevailing rate for parking increases above the rate in effect as of the Effective Date hereof, Tenant shall be responsible for any
increase above such rate (plus any applicable taxes on such amounts) for all of the parking spaces in the Standard Parking Allocation, and Tenant shall be invoiced accordingly. 

 

	 	(b)	 Month to Month Parking Spaces. Subject to availability as reasonably determined by Landlord (provided
Tenant shall have the priority to any available spaces over any third parties who are not tenants or occupants of the Project, other than Adobe or employees or invitees of the SAP Center) Tenant shall be permitted to lease Month to Month Parking
Spaces (i.e. over Tenant’s Standard Parking Allocation) on a month to month basis at the then prevailing rate charged for such unreserved parking spaces plus any applicable taxes. The current rate for said Month to Month Parking Spaces is
$130.00 per space per month (plus any applicable taxes). Parking rates are subject to increase (not more than once annually) at the prevailing market rate. Tenant shall be invoiced for any increase in the parking rate. 

 

	10.	 Additional Security Deposit. Landlord and Tenant hereby agree that the Security Deposit (as set forth in
Item 7 of the Basic Lease Provisions) is hereby amended and increased to be $1,144,180.41 (the “New Security Deposit Amount”). Tenant has heretofore delivered to Landlord a Letter of Credit in the sum of $175,000.00 (the
“Existing Letter of Credit”), and Tenant shall, concurrently with the execution of this Second Amendment, deliver to Landlord either (i) an amendment to the Existing Letter of Credit (such amendment being in a form acceptable
to Landlord and otherwise consistent with the terms of Paragraph 2(c) of the Lease) increasing the amount of such Existing Letter of Credit to equal the New Security Deposit Amount or (ii) deliver to Landlord a new Letter of Credit in
the total amount of the New Security Deposit Amount (such new Letter of Credit being in a form acceptable to Landlord and otherwise consistent with the terms of Paragraph 2(c) of the Lease). In the event Tenant delivers a replacement Letter
of Credit in accordance with clause (ii) of the preceding sentence, then Landlord agrees to surrender the Existing Letter of Credit to Tenant within five (5) business days after receipt of such replacement Letter of Credit.

  

	11.	 Density. The fourth (4th) sentence of Paragraph
6(e) of the Original Lease is hereby amended and restated in its entirety as follows: 

 “Tenant shall not create
within the Premises a working environment with a density of greater than the lesser of (i) seven (7) persons per 1,000 square feet of Rentable Area, or (ii) the maximum permitted by applicable laws, codes and ordinances; however, Tenant
acknowledges that the Building HVAC system is not designed to properly cool working environments that exceed a density of five (5) persons per 1,000 square feet of Rentable Area and, to the extent the working environment within the Premises
exceeds such density, except as noted below with respect to the FANWALL system, Landlord shall be responsible for the installation and cost of any modifications to the base Building HVAC that is required in order to be able to furnish the Premises
with HVAC service consistent with the HVAC service provided at other Class A office buildings in the downtown San Jose area. Notwithstanding the foregoing to the contrary, to the extent that Tenant’s density in the Premises exceeds five
(5) persons per 1,000 square feet of Rentable Area and either (i) the use of the third floor of the Building changes from its current usage as of the Effective Date or (ii) Landlord is required to modify the base Building HVAC system
pursuant to the preceding sentence, then Tenant shall be responsible for the cost to install a FANWALL system, which Landlord shall design and install and invoice Tenant for the cost thereof. It is hereby agreed that Landlord may design (and Tenant
shall pay) for such FANWALL system to be a supply plug fan 

  
 8 

 
array, capable of delivering 150,000 CFM at 7.0” W.G> (Static pressure) complete with a new filter bank with 12-inch cartridge filters (min. Merv
14) and 2 inch pleaded pre-filters (min Merv 7), in v-shape form if needed to limit air velocity at below 500 FPM (feet per minute). In no event shall Landlord be
responsible for any costs required to install supplemental HVAC units or capacity with respect to any server room of Tenant in the Premises. In addition, Tenant shall be responsible for all reasonable costs associated with such above-standard
density, including, without limitation, any additional services required to be provided by Landlord (e.g., extra janitorial services), any modifications or alterations to the Premises or Common Areas to the extent required by applicable law, and any
additional electricity or other utilities that may be used by Tenant. Landlord, at its option, may elect to cause the Premises to be separately metered for electricity and, in such case, Tenant shall pay for all electricity utilized by Tenant in the
Premises as invoiced by Landlord from time to time. The costs to install, repair, maintain and replace any such separate meters or submeters shall be Tenants’ responsibility.” 

 

	12.	 Signage. 

  

	 	(a)	 Monument Signage. The parties hereby agree that Paragraph 19(gg) of the Original Lease is hereby
deleted in its entirety and of no further force and effect and Tenant shall no longer have any rights to install the New Monument Sign. 

  

	 	(b)	 Existing Fascia Sign/55 Almaden Building. Pursuant to Paragraph
19(ff) of the Original Lease, Tenant has installed a fascia sign on the Building (the “Existing Fascia Sign”). Subject to (i) prior written approval of Landlord as to the exact location, specifications, size,
color, design and method of attachment, which approval shall not be unreasonably withheld, delayed or conditioned, (ii) Tenant obtaining all approvals from the applicable governmental and quasi-governmental authorities and otherwise complying
with all Applicable Rules and Restrictions (as defined below), and (iii) otherwise subject to the terms and conditions of Paragraph 19(ff), because the parties anticipate that the adjacent property owner will be
constructing a building in the future that may affect the visibility of Tenant’s Existing Fascia Sign, Tenant, at its sole cost and expense, shall be permitted to relocate the Existing Fascia Sign to another location on the fascia of the
Building. Tenant shall pay for all costs associated with the relocation of the Existing Fascia Sign as well as the restoration of the Building to the condition existing prior to the installation of the Existing Fascia Sign, reasonable wear and tear
excepted, upon the removal of the Existing Fascia Sign at its current location following such relocation. Tenant shall continue to be obligated to pay the Fascia Sign Rent in accordance with the terms of Paragraph 19(ff) of the
Original Lease; provided, however, following any such relocation, in the event Tenant believes that the market rental rate for the Existing Fascia Sign has diminished as a result of its decreased visibility, then Tenant may provide written notice to
Landlord (a “Sign Rent Adjustment Notice”). Within thirty (30) days after receipt of the Sign Rent Adjustment Notice, Landlord may either (i) elect to negotiate a different Fascia Sign Rent rate with Tenant if Landlord
agrees that the market rate for the Existing Fascia Sign has decreased and if the parties are unable to reach agreement within such thirty (30) day period, then submit the determination to the arbitration process noted below or (ii) elect
to market to third parties (including any tenant or occupant of the Project) the right to install a fascia sign in the then current location of the Existing Fascia Sign. If Landlord selects the option described in clause (ii) of the preceding
sentence, then Landlord shall have a six (6) month period to market the right to install a fascia sign to third parties (including any existing tenants of the Project). If Landlord and a third party come to terms for the right for such third
party to install a fascia sign in the then existing space of the Existing Fascia Sign, then Landlord shall provide written notice (the “Sign Offer Notice”) to Tenant outlining

  
 9 

	 	
the rental rate proposed to be paid by such third party. Tenant shall have a period of ten (10) business days following receipt of such Sign Offer Notice in which to elect in writing to
either match the terms set forth in the Sign Offer Notice or terminate its rights to such Existing Fascia Sign. If Tenant fails to respond within such ten (10) business day period, then Tenant shall be deemed to have terminated its rights to
such Existing Fascia Sign. If Tenant terminates (or is deemed to have terminated) the rights to such Existing Fascia Sign, then Tenant shall be required to remove the Existing Fascia Sign within thirty (30) days after deliver of its written
notice terminating its Existing Fascia Sign rights (or, in the event of a deemed termination, within thirty (30) days after expiration of such ten (10) business day period). If, within the six (6) period following Landlord’s
receipt of the Sign Rent Adjustment Notice, Landlord is unable to locate a third party that is willing to lease the right to install a fascia sign in the then existing location of the Existing Fascia Sign, then Landlord and Tenant shall each appoint
an independent real estate broker with at least ten (10) years experience negotiating leases in Class A office buildings in downtown San Jose, who has not represented either Landlord or Tenant in the preceding five (5) year period.
The two designated brokers shall meet and confer for a period of ten (10) business days in order to determine the then prevailing market rate for the right to install a fascia sign in the then existing location of the Existing Fascia Sign. If
the two (2) brokers are unable to arrive at a decision, then they shall mutually appoint a third broker meeting the foregoing qualifications. Thereafter, the initial two (2) broker shall each submit to the third broker their respective
determinations of the fair market rent for such fascia sign and the third broker shall select the rental rate that he/she believes is closest to the prevailing rental rate for such signage location. After such determination has been made, then the
parties shall enter into an amendment in order to document the adjustment to the rental rate for the Existing Fascia Sign. Tenant shall only be permitted to deliver one Sign Rent Adjustment Notice and Tenant shall continue to pay the existing Fascia
Sign Rent set forth in Paragraph 19(ff) until the date that the arbitrators reach their decision on a different rental rate for the Existing Fascia Sign. 

 

	 	(c)	 Additional Fascia Sign/55 Almaden Building. Provided that (x) Tenant is the
Tenant originally named herein or an assignee pursuant to a Permitted Transfer, (y) Tenant is leasing and actually occupies at least seventy-five percent (75%) of the Premises initially demised under this Second Amendment (i.e., the Suite 400
Space, Suite 500 Space and Suite 600 Space), and (z) no event of default has occurred and is continuing beyond applicable notice and cure periods (items (x) – (z) being the “Signage Conditions”), then, subject to all
applicable laws, ordinances, restrictions, rules and regulations, as well as all applicable covenants, restrictions or deed restrictions affecting the Project (collectively, the “Applicable Rules and Restrictions”), Tenant shall
have the non-exclusive right throughout the Lease Term to install one sign on the Almaden-facing fascia of the Building (“Additional Fascia Sign”) provided that Landlord, acting reasonably,
approves the Additional Fascia Sign (including all structural engineering and aesthetic aspects thereof) and the exact location where the same is to be installed. Tenant hereby acknowledges and understands that in no event is Landlord representing
or guarantying that any such Additional Fascia Sign is permitted under Applicable Rules and Restrictions and, in the event the Applicable Rules and Restrictions do not permit any such Additional Fascia Sign, then this Second Amendment shall continue
in full force and effect except that this Paragraph 12(c) shall be deemed null and void. Landlord hereby approves the location generally shown in Exhibit E attached hereto and the size, type and design set forth in Exhibit
E attached hereto. The engineering, manufacture, installation, maintenance and removal of, and the procurement of all required approvals for, the Additional Fascia Sign shall be at Tenant’s sole cost and expense. The installation of the
Additional Fascia Sign shall be in compliance with all Applicable Rules and Restrictions. Prior to the 

  
 10 

	 	
manufacturing or installing the Additional Fascia Sign, Tenant shall submit to Landlord, for Landlord’s approval which shall not be unreasonably withheld, delayed or, except as expressly
provided herein, conditioned, (i) a report from a structural engineer reasonably acceptable to Landlord providing that (A) the Building can adequately support the installation of the Additional Fascia Sign, and (B) the Additional
Fascia Sign can and will be installed in a manner that will not damage, or otherwise affect or diminish the structural integrity of, the Building, and (ii) a detailed drawing indicating the size, layout, design, configuration, lettering and/or
graphics and color of the proposed Additional Fascia Sign, together with the proposed location where the Additional Fascia Sign is to be installed. In the event Landlord approves the structural report, the Additional Fascia Sign and the location,
Landlord shall evidence such approval in writing. Tenant shall install, repair, maintain, and remove the Additional Fascia Sign with contractors reasonably approved by Landlord. Any such contractors shall satisfy Landlord’s insurance and
indemnification requirements prior to performing any work. Tenant agrees that the installation, maintenance, repair and removal of the Additional Fascia Sign shall be at Tenant’s sole risk. Tenant agrees to maintain the Additional Fascia Sign
in good condition and repair and, prior to the expiration of the Lease Term or the earlier termination of this Lease or Tenant’s right of possession under this Lease, Tenant shall remove the Additional Fascia Sign and restore the Building to
the condition immediately prior to the installation of the Additional Fascia Sign, at Tenant’s sole cost and expense. In the event Tenant fails to repair or remove the Additional Fascia Sign, Landlord shall have the right to repair or remove
the Additional Fascia Sign, as the case may be, and Tenant shall reimburse Landlord on demand for all costs incurred by Landlord in connection therewith, plus an additional charge equal to ten percent (10%) of such costs incurred by Landlord as a
coordination fee, and upon any such removal Landlord shall have the right to dispose of the same in any manner Landlord so desires without any liability to Tenant therefor. TENANT AGREES TO INDEMNIFY AND HOLD LANDLORD HARMLESS FROM AND AGAINST ANY
AND ALL LIENS, CLAIMS, DEMANDS, LIABILITIES, AND EXPENSES (INCLUDING REASONABLE ATTORNEY’S FEES) INCURRED OR SUFFERED BY LANDLORD AND EXISTING OUT OF OR IN ANY WAY RELATED TO THE INSTALLATION, MAINTENANCE, REPAIR OR REMOVAL OF THE ADDITIONAL
FASCIA SIGN, except to the extent caused by the gross negligence or willful misconduct of Landlord. Notwithstanding anything herein to the contrary, Landlord shall have the right to terminate Tenant’s rights under this Paragraph
12(c) by providing written notice of termination to Tenant if, at any time, Tenant (1) assigns this Lease other than in connection with a Permitted Transfer, (2) subleases more than forty-nine percent (49%) of the Premises other
than in connection with a Permitted Transfer, or (3) suffers an event of default of any term or condition of this Lease beyond applicable notice and cure periods. In the event Landlord terminates Tenant’s rights under this Paragraph
12(c) as provided for in the immediately preceding sentence, Tenant shall remove the Additional Fascia Sign from the Building and repair any damage to the Building caused by the installation, maintenance and/or removal thereof within
thirty (30) days following receipt of Landlord’s written notice of termination, and, in the event Tenant fails to timely remove the Additional Fascia Sign and/or repair such damage, Landlord shall have the right to do the same and Tenant
shall reimburse Landlord on demand for all costs incurred by Landlord in connection therewith, plus an additional charge equal to ten percent (10%) of such costs incurred by Landlord as a coordination fee (and Tenant shall be deemed to have
abandoned the Additional Fascia Sign and Landlord shall have the right to dispose of the Additional Fascia Sign in any manner Landlord shall choose in its sole discretion without any liability whatsoever to Tenant with respect thereto). In no event
does Landlord make any representation or warranty to Tenant that the Additional Fascia Sign shall be permitted under the Applicable Rules and Restrictions and, to the extent the Additional Fascia Sign

  
 11 

	 	
is not permitted by the Applicable Rules and Restrictions, Tenant acknowledges and agrees that this Second Amendment shall remain in full force and effect despite Tenant not being permitted to
install such Additional Fascia Sign. Tenant shall be responsible, at its cost and expense, to obtain any necessary approvals or permits from the applicable governmental authorities for the purposes of installing and maintaining such Additional
Fascia Sign (the “Additional Fascia Sign Approvals”); provided, however, at Landlord’s option it can apply for such Additional Fascia Sign Approvals on Tenant’s behalf, at Tenant’s cost and expense. Promptly following
obtaining such Additional Fascia Sign Approvals (and in no event later than one hundred eighty (180) days following obtaining such Additional Fascia Sign Approvals), Tenant shall install such Additional Fascia Sign in accordance with the terms
of this Paragraph 12(c). In no event shall Landlord be required to remove any existing fascia sign or other signage present existing in order to accommodate any approvals required by the Applicable Rules and Restrictions affecting the
Building for the Additional Fascia Sign. The terms and provisions of this Paragraph 12(c) shall survive the expiration or earlier termination of this Lease. As consideration for Tenant’s right to install and maintain
the Additional Fascia Sign, commencing on the date that the Additional Fascia Sign Approvals are obtained and the Additional Fascia Sign has been installed and continuing thereafter for the remainder of the Lease Term, Tenant shall pay to Landlord
$6,500.00 per month (the “Additional Fascia Sign Rent”), with such Additional Fascia Sign Rent being payable in advance on the first day of the month in the same manner and time as Tenant is obligated to pay Basic Annual Rent
(provided, however, any abatement of the Basic Annual Rent shall not apply with respect to the Additional Fascia Sign Rent). The Additional Fascia Sign Rent is in addition to the Fascia Sign Rent payable under Paragraph 19(ff)
of the Original Lease. 

  

	 	(d)	 One Almaden Fascia Sign. Provided that all Signage Conditions are satisfied, then, subject
to all Applicable Rules and Restrictions, Tenant shall have the non-exclusive right throughout the Lease Term to install one sign on the fascia of the One Almaden Building (“One Almaden
Sign”) provided that Landlord, acting reasonably, approves the One Almaden Sign (including all structural engineering and aesthetic aspects thereof) and the exact location where the same is to be installed. Tenant hereby acknowledges and
understands that in no event is Landlord representing or guarantying that any such One Almaden Sign is permitted under Applicable Rules and Restrictions and, in the event the Applicable Rules and Restrictions do not permit any such One Almaden Sign,
then this Second Amendment shall continue in full force and effect except that this Paragraph 12(d) shall be deemed null and void. The engineering, manufacture, installation, maintenance and removal of, and the procurement of all
required approvals for, the One Almaden Sign shall be at Tenant’s sole cost and expense. Landlord hereby approves the location of the One Almaden Sign shown in Exhibit E attached hereto and the size, type and design of the One Almaden
Sign shown on Exhibit E attached hereto. The installation of the One Almaden Sign shall be in compliance with all Applicable Rules and Restrictions. Prior to the manufacturing or installing the One Almaden Sign, Tenant shall submit to
Landlord, for Landlord’s approval which shall not be unreasonably withheld, delayed or, except as expressly provided herein, conditioned, (i) a report from a structural engineer reasonably acceptable to Landlord providing that (A) the
One Almaden Building can adequately support the installation of the One Almaden Sign, and (B) the One Almaden Sign can and will be installed in a manner that will not damage, or otherwise affect or diminish the structural integrity of, the One
Almaden Building, and (ii) a detailed drawing indicating the size, layout, design, configuration, lettering and/or graphics and color of the proposed One Almaden Sign, together with the proposed location where the One Almaden Sign is to be
installed. In the event Landlord approves the structural report, the One Almaden Sign and the location, Landlord shall evidence such approval in writing. Tenant shall install, 

  
 12 

	 	
repair, maintain, and remove the One Almaden Sign with contractors reasonably approved by Landlord. Any such contractors shall satisfy Landlord’s insurance and indemnification requirements
prior to performing any work. Tenant agrees that the installation, maintenance, repair and removal of the One Almaden Sign shall be at Tenant’s sole risk. Tenant agrees to maintain the One Almaden Sign in good condition and repair and, prior to
the expiration of the Lease Term or the earlier termination of this Lease or Tenant’s right of possession under this Lease, Tenant shall remove the One Almaden Sign and restore the One Almaden Building to the condition immediately prior to the
installation of the One Almaden Sign, at Tenant’s sole cost and expense. In the event Tenant fails to repair or remove the One Almaden Sign, Landlord shall have the right to repair or remove the One Almaden Sign, as the case may be, and Tenant
shall reimburse Landlord on demand for all costs incurred by Landlord in connection therewith, plus an additional charge equal to ten percent (10%) of such costs incurred by Landlord as a coordination fee, and upon any such removal Landlord shall
have the right to dispose of the same in any manner Landlord so desires without any liability to Tenant therefor. TENANT AGREES TO INDEMNIFY AND HOLD LANDLORD HARMLESS FROM AND AGAINST ANY AND ALL LIENS, CLAIMS, DEMANDS, LIABILITIES, AND EXPENSES
(INCLUDING REASONABLE ATTORNEY’S FEES) INCURRED OR SUFFERED BY LANDLORD AND EXISTING OUT OF OR IN ANY WAY RELATED TO THE INSTALLATION, MAINTENANCE, REPAIR OR REMOVAL OF THE ONE ALMADEN SIGN, except to the extent caused by the gross negligence
or willful misconduct of Landlord. Notwithstanding anything herein to the contrary, Landlord shall have the right to terminate Tenant’s rights under this Paragraph 12(d) by providing written notice of termination to Tenant if, at
any time, Tenant (1) assigns this Lease other than in connection with a Permitted Transfer, (2) subleases more than forty-nine percent (49%) of the Premises other than in connection with a Permitted Transfer, or (3) suffers an event
of default of any term or condition of this Lease beyond applicable notice and cure periods. In the event Landlord terminates Tenant’s rights under this Paragraph 12(d) as provided for in the immediately preceding sentence, Tenant
shall remove the One Almaden Sign from the One Almaden Building and repair any damage to the One Almaden Building caused by the installation, maintenance and/or removal thereof within thirty (30) days following receipt of Landlord’s
written notice of termination, and, in the event Tenant fails to timely remove the One Almaden Sign and/or repair such damage, Landlord shall have the right to do the same and Tenant shall reimburse Landlord on demand for all costs incurred by
Landlord in connection therewith, plus an additional charge equal to ten percent (10%) of such costs incurred by Landlord as a coordination fee (and Tenant shall be deemed to have abandoned the One Almaden Sign and Landlord shall have the right to
dispose of the One Almaden Sign in any manner Landlord shall choose in its sole discretion without any liability whatsoever to Tenant with respect thereto). In no event does Landlord make any representation or warranty to Tenant that the One Almaden
Sign shall be permitted under the Applicable Rules and Restrictions and, to the extent the One Almaden Sign is not permitted by the Applicable Rules and Restrictions, Tenant acknowledges and agrees that this Second Amendment shall remain in full
force and effect despite Tenant not being permitted to install such One Almaden Sign. Tenant shall be responsible, at its cost and expense, to obtain any necessary approvals or permits from the applicable governmental authorities for the purposes of
installing and maintaining such One Almaden Sign (the “One Almaden Sign Approvals”); provided, however, at Landlord’s option it can apply for such One Almaden Sign Approvals on Tenant’s behalf, at
Tenant’s cost and expense. Promptly following obtaining such One Almaden Sign Approvals (and in no event later than one hundred eighty (180) days following obtaining such One Almaden Sign Approvals), Tenant shall install such One Almaden
Sign in accordance with the terms of this Paragraph 12(d). In no event shall Landlord be required to remove any existing fascia sign or other signage 

  
 13 

	 	
present existing in order to accommodate any approvals required by the Applicable Rules and Restrictions affecting the Building for the One Almaden Sign. The terms and provisions of this
Paragraph 12(d) shall survive the expiration or earlier termination of this Lease. As consideration for Tenant’s right to install and maintain the One Almaden Sign, commencing on the date that the One Almaden Sign Approvals are
obtained and the One Almaden Sign has been installed and continuing thereafter for the remainder of the Lease Term, Tenant shall pay to Landlord $6,500.00 per month (the “One Almaden Sign Rent”), with such One Almaden
Sign Rent being payable in advance on the first day of the month in the same manner and time as Tenant is obligated to pay Basic Annual Rent (provided, however, any abatement of the Basic Annual Rent shall not apply with respect to the One Almaden
Sign Rent). 

  

	 	(e)	 Right of First Offer to Western Bank Fascia Signage Location. In the event that Western Bank ever
relinquishes and removes its signage rights on the fascia of the Building and thereafter Landlord intends to offer to another third party tenant or occupant the right to install fascia signage in the location previously surrendered by Western Bank,
then, so long as Tenant is leasing and occupying at least seventy-five percent (75%) of the Rentable Area of the Suite 400 Space, Suite 500 Space and Suite 600 Space and provided further that all other Signage Conditions (as defined in Paragraph
19(ff) of the Original Lease) are satisfied, then Landlord shall first offer to Tenant the right to install fascia signage in the location where Western Bank previously had its fascia sign (the “Fascia Sign
Offer”). The Fascia Sign Offer shall be upon the terms and conditions that Landlord intends to offer to third parties the right to install such replacement fascia sign (which may include the payment of signage rent and/or the requirement to
lease certain space in the Building or Project). Tenant shall be required to accept any such Fascia Sign Offer on the terms set forth therein by providing a written acceptance to Landlord no later than ten (10) business days following receipt
of the Fascia Sign Offer. Tenant’s failure to provide a timely acceptance to the Fascia Sign Offer shall forfeit Tenant’s rights to install any fascia signage and shall entitle Landlord to offer any such fascia sign rights to any third
party, including on terms that may be less favorable to Landlord than those set forth in the Fascia Sign Offer. Landlord shall only be required to provide Tenant with one Fascia Sign Offer (it being agreed that if Western Bank had more than one
sign, that Tenant is only receiving a right of first offer with respect to the first sign that Western Bank surrenders that Landlord intends to replace with the signage of another tenant or occupant). Unless otherwise set forth in the Fascia Sign
Offer, any fascia signage of Tenant shall be subject to all Applicable Rules and Restrictions and otherwise subject to all of the terms and conditions of Paragraph 12(c) of this Second Amendment (including, subject to Landlord’s prior
written approval as to the aesthetics, locations, size, color and method of attachment of such signage, which approval shall not be unreasonably withheld, conditioned or delayed). In the event of a conflict between the terms of the Fascia Sign Offer
and the terms of Paragraph 12(c), the terms of the Fascia Sign Offer shall prevail. 

  

	 	(f)	 Elevator Button Signage. Subject to Landlord’s prior written approval as to the aesthetics, size,
color, and specifications, which approval shall not be unreasonably withheld, conditioned or delayed, Tenant may install elevator button signage on any full floor that Tenant leases. Upon Tenant failing to lease and occupy any particular full floor,
Tenant shall remove any previously installed elevator button signage for such floor and pay for the cost to reinstall any replacement elevator buttons required by Landlord. 

 

	13.	 Riser Management Company. Notwithstanding anything herein to the contrary, Landlord may require that
Tenant utilize Landlord’s building riser management company in connection with any access to or installation of cabling and wiring in the vertical risers for the Building. Tenant shall pay any actual and reasonable costs charged by the riser
management company in connection with the installation of Tenant’s cabling and wiring. Landlord, at its option, may reasonably restrict access to the telephone closets of the Project and may exclude Tenant and its contractors from such
telephone closets. 

  
 14 

	14.	 Renewal Option. Landlord hereby grants to Tenant one (1) option to further extend the Lease Term
for an additional period of five (5) years in accordance with the terms and conditions of Exhibit C attached hereto and incorporated herein for all purposes. In the event that tenant elects to exercise the renewal option, it shall be
required to exercise it for the entirety of the Premises then being leased by Tenant (i.e., it cannot exercise the renewal option for only a portion of the Premises being leased). 

 

	15.	 Right of First Offer. Landlord hereby grants to Tenant a right of first offer to certain space in the
Project as more particularly described in Exhibit D attached hereto and incorporated herein for all purposes. 

  

	16.	 No Preferential Rights or Options. Except for (i) the renewal option set forth in
Paragraph 14 and Exhibit C of this Second Amendment and (ii) the right of first offer set forth in Paragraph 15 and Exhibit D of this Second Amendment, notwithstanding anything contained in the Lease to
the contrary, Landlord and Tenant stipulate and agree that Tenant has no preferential rights or options under the Lease, as herein amended, such as any rights of renewal, expansion, reduction, refusal, offer, purchase, termination, relocation or any
other such preferential rights or options, such rights originally set forth in the Lease, including, without limitation, (A) the two renewal options set forth in Addendum One of the Original Lease, (B) the right of first offer set forth in
Addendum Two of the Original Lease, and (C) the cancellation option set forth in Addendum Three of the Original Lease, being hereby null and void in their entirety and of no further force or effect. 

 

	17.	 Relocation. The parties hereby agree that Paragraph 15 of the Original Lease is hereby deleted in
its entirety and of no further force or effect. 

  

	18.	 Subordination. During the thirty (30) day period following the Effective Date of this Second
Amendment, Landlord agrees to use commercially reasonable efforts to obtain and provide to Tenant a Subordination, Non-Disturbance and Attornment Agreement (“SNDA”) in substantially the form
of the agreement used by the lender holding the existing mortgage encumbering the Building (the “Lender”); provided, however, in no event shall Landlord be in default under the Lease (as amended by this Second Amendment), and in no
event shall Tenant be entitled to terminate the Lease or this Second Amendment, if Landlord is unable to provide Tenant with such SNDA. Tenant shall reimburse Landlord upon demand for any actual and reasonable costs, including attorneys fees, that
Landlord incurs in seeking to obtain an SNDA for Tenant. 

  

	19.	 Alterations and Improvements. Notwithstanding anything in the Lease to the contrary, any alterations or
improvements existing in the Premises as of the Effective Date do not have to be removed and restored at the expiration or earlier termination of the Lease; provided, however, Tenant shall be required to remove any telephone/data cabling and wiring
installed in the Premises and repair any damage arising from such removal. With respect to the Tenant Improvements being constructed pursuant to Exhibit B attached hereto, at the time that Landlord approves the Final Plans in accordance with
the procedures set forth in Exhibit B, Landlord shall advise Tenant which, if any, portions of such Tenant Improvements Tenant shall be required to remove and restore at the expiration of the Lease Term; provided, however, in all cases Tenant
shall be required to remove any telephone/data cabling and wiring installed in the Premises and repair any damage arising from such removal. Notwithstanding the foregoing to the contrary, upon the expiration or earlier termination of the Lease, in
no event shall Tenant be required to restore any multi-tenant corridors existing in the Suite 900 Space as of the Effective Date hereof. 

  
 15 

	20.	 Brokers. Landlord and Tenant each warrant that it has had no dealings with any broker or agent other
than CBRE, Inc., representing Tenant, and Cushman & Wakefield U.S., Inc., representing Landlord (collectively, the “Broker”) in connection with the negotiation or execution of this Second Amendment, and Landlord and Tenant
each agree to indemnify the other and hold the other harmless from and against any and all costs, expenses, or liability for commissions or other compensations or charges claimed by any broker or agent, other than the Broker, who claim to have
represented the indemnifying party with respect to this Second Amendment or otherwise claim a commission with respect to this Second Amendment due to their dealings with the indemnifying party. 

 

	21.	 OFAC. Tenant certifies, represents, warrants and covenants that: (i) it is not acting and will not
act, directly or indirectly, for or on behalf of any person, group, entity, or nation named by any Executive Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked Person”, or other banned
or blocked person, entity, nation or transaction pursuant to any law, order, rule, or regulation that is enforced or administered by the Office of Foreign Assets Control; and (ii) it is not engaged in this transaction, directly or indirectly on
behalf of, or instigating or facilitating this transaction, directly or indirectly on behalf of, any such person, group, entity or nation. Tenant hereby agrees to defend (with counsel reasonably acceptable to Landlord), indemnify and hold harmless
Landlord and its designated property management company, and their respective partners, members, affiliates and subsidiaries, and all of their respective officers, directors, shareholders, employees, servants, partners, representatives, insurers and
agents from and against any and all claims or damages arising from or related to any such breach of the foregoing certifications, representations, warranties and covenants. 

 

	22.	 CASp Disclosure. In accordance with California Civil Code Section 1938, Landlord makes the
following disclosure to Tenant: 

 As of the Effective Date, neither the Building nor the Premises has undergone inspection
by a Certified Access Specialist (CASp). A CASp can inspect the Premises and determine whether the Premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp
inspection of the Premises, Landlord may not prohibit Tenant from obtaining a CASp inspection of the Premises for the occupancy of Tenant, if requested by Tenant. The parties shall mutually agree on the arrangements for the time and manner of the
CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the Premises. 

Except as otherwise expressly agreed upon in writing by Landlord, neither Landlord nor any Landlord Affiliate shall have any obligation for the payment of the
CASp fee or the cost of making repairs pursuant thereto, nor shall Landlord or any Landlord Affiliate have any liability to Tenant arising out of or related to the fact that neither the Building nor the Premises has been inspected by a CASp, and
Tenant waives all such liability and acknowledges that Tenant shall have no recourse against Landlord or the Project as a result of or in connection therewith. 
  

	23.	 Miscellaneous. With the exception of those terms and conditions specifically modified and amended
herein, the herein referenced Lease shall remain in full force and effect in accordance with all its terms and conditions. In the event of any conflict between the terms and provisions of this Second Amendment and the terms and provisions of the
Lease, the terms and provisions of this Second Amendment shall supersede and control. 

  
 16 

	24.	 Counterparts/Facsimiles. This Second Amendment may be executed in any number of counterparts, each of
which shall be deemed an original, and all of such counterparts shall constitute one agreement. To facilitate execution of this Second Amendment, the parties may execute and exchange telefaxed or e-mailed
counterparts of the signature pages and such counterparts shall serve as originals. 

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left blank] 

  
 17 

 SIGNATURE PAGE TO SECOND AMENDMENT TO OFFICE LEASE AGREEMENT 

BY AND BETWEEN KBSIII ALMADEN FINANCIAL PLAZA, LLC, AS LANDLORD, 

AND ZOOM VIDEO COMMUNICATIONS, INC., AS TENANT 

IN WITNESS WHEREOF, Landlord and Tenant, acting herein by duly authorized individuals, have caused these presents to be executed, effective as of the
Effective Date set forth herein. 
  

					
	LANDLORD:
	
	KBSIII ALMADEND FINANCIAL PLAZA, LLC,
	a Delaware limited liability company
		
	By:	 	KBS Capital Advisors, LLC,
		 	a Delaware limited liability company, as agent
			
		 	By:	 	 /s/ Brent Carroll

		 		 	Brent Carroll,
		 		 	Senior Vice President
			
		 	Date:	 	August 8, 2018

  

			
	TENANT:
	
	 ZOOM VIDEO COMMUNICATIONS, INC.,

a Delaware corporation

		
	By:	 	 /s/ Kelly Steckelberg

	Name:	 	Kelly Steckelberg
	Title:	 	CFO
		
	Date:	 	August 6, 2018

  
 [S-1] 

 EXHIBIT A 

SUITE 400 SPACE 
  

 

  
 A-1 

 EXHIBIT A-1 

SUITE 900 SPACE 
  

 

  
 A-1-1 

 EXHIBIT B 

Work Letter 
 THIS WORK
LETTER is attached as Exhibit B to the Second Amendment to Office Lease between KBSIII ALMADEN FINANCIAL PLAZA, LLC, a Delaware limited liability company, as Landlord, and ZOOM VIDEO COMMUNICATIONS, INC., a Delaware
corporation, as Tenant, and constitutes the further agreement between Landlord and Tenant as follows: 

(a)    Tenant Improvements; Landlord’s Construction Allowance. The leasehold
improvements to be constructed by Tenant (the “Tenant Improvements”), at Tenant’s sole cost and expense (except for the Landlord’s Construction Allowance, as specified in Paragraph 7 of this Second Amendment), shall
be constructed in accordance with the Final Plans to be submitted by Tenant and reviewed and approved by Landlord in accordance with the provisions of Paragraph (b) of this Exhibit B. 

Landlord shall have no obligation to construct or to pay for the construction of the Tenant Improvements. However, Landlord agrees to
contribute toward the cost of construction of the Tenant Improvements the cash sum of up to the Landlord’s Construction Allowance (as defined in Paragraph 7 of this Second Amendment). Notwithstanding anything in this Second Amendment or
in this Work Letter to the contrary, except as provided in the last sentence of Paragraph 7, Landlord’s Construction Allowance shall be used only for the construction of the Tenant Improvements, and if construction of the Tenant
Improvements is not completed by the applicable Construction Termination Date (as defined below), then Landlord’s obligation to provide the unused portion of the Landlord’s Construction Allowance allocable to the applicable Construction
Termination Date shall terminate and become null and void, and Tenant shall be deemed to have waived its rights in and to said unused portion of the Landlord’s Construction Allowance. The “Construction Termination Dates” shall
be as follows: (i) with respect to the portion of the Landlord’s Construction Allowance attributable to the Suite 400 Space, the Construction Termination Date shall be deemed to be February 28, 2021, (ii) with respect to the portion
of the Landlord’s Construction Allowance attributable to the Suite 500 Space, the Construction Termination Date shall be deemed to be February 28, 2023, (iii) with respect to the portion of the Landlord’s Construction Allowance
attributable to the Suite 600 Space, the Construction Termination Date shall be deemed to be July 31, 2020, and (iv) with respect to the portion of the Landlord’s Construction Allowance attributable to the Suite 900 Space, the
Construction Termination Date shall be deemed to be December 31, 2019. The Landlord’s Construction Allowance may be used to pay any reasonable out-of-pocket
costs incurred by Landlord in connection with the construction of the Tenant Improvements and any work related to the construction of the Tenant Improvements in the Premises. The construction costs that may be reimbursed from the Landlord’s
Construction Allowance shall include the following: “hard costs” of the Tenant Improvements including costs of labor, equipment, supplies and materials furnished for construction of the Tenant Improvements; governmental fees and charges
for required permits, plan checks, and inspections for the Tenant Improvements; Tenant’s project management costs, charges of Tenant’s design professionals; and charges of Landlord’s design professionals for review of plans and
monitoring of construction or installation of the Tenant Improvements. Except as otherwise provided herein, no other costs, fees or expenses of the Tenant Improvements shall be reimbursable out of the Landlord’s Construction Allowance. 

Landlord’s payment of the Landlord’s Construction Allowance, or such portion thereof as Tenant may be entitled to, shall be made
within thirty (30) days after each and all of the following conditions shall have been satisfied (it being agreed that the disbursement shall be made in phases based on Substantial Completion of each of the particular suites): (i) the Tenant
Improvements shall have been Substantially Completed in accordance with the Final Plans (as hereinafter defined); (ii) Tenant shall have delivered to Landlord satisfactory evidence that all mechanics’ lien rights of all contractors, suppliers,
subcontractors, or materialmen furnishing labor, supplies or materials in the construction or installation of the Tenant Improvements have been unconditionally waived, released, or extinguished; (iii) Tenant shall have delivered to Landlord
paid receipts or other written evidence reasonably satisfactorily substantiating the actual amount of the construction costs of the Tenant Improvements; (iv) Tenant shall have delivered to 

  
 B-1 

 
Landlord a final certificate of occupancy, if required, for the Premises; and (v) Tenant shall not then be in default of any of the provisions of the Lease beyond any applicable notice and
cure period (in which event all such disbursements shall be suspended until such default is fully cured). The Landlord’s Construction Allowance shall be disbursed as each of the phases of the Tenant Improvements are Substantially Completed
(e.g., the Landlord’s Construction Allowance with respect to the Suite 600 Space shall be disbursed following Substantial Completion of the Tenant Improvements to the Suite 600 Space and satisfaction of the disbursement requirements above). If
the actual cost of the Tenant Improvements is less than the Landlord’s Construction Allowance, then, except as set forth in Paragraph (g) below, Tenant shall not receive any credit whatsoever for the difference between the
actual cost of the Tenant Improvements and Landlord’s Construction Allowance. In the event any portion of the Landlord’s Construction Allowance remains outstanding and has not otherwise lapsed or expired and Landlord sells the Project to
an unaffiliated third party entity, then, as of the closing of any such sale, Landlord shall either (i) enter into a mutually agreeable amendment to the Lease in order to provide Tenant with an offset right to the extent Landlord thereafter
fails to disburse any such remaining portion of the Landlord’s Construction Allowance following Tenant’s satisfaction of all of the disbursement conditions or (ii) agree to escrow the then remaining balance of the Landlord’s
Construction Allowance with a title or escrow company reasonably selected by Landlord pursuant to an escrow agreement that is consistent with the terms and conditions of this Work Letter and Second Amendment (i.e., relating to disbursement
conditions and expiration of the Landlord’s Construction Allowance as of the respective Construction Termination Date, except as set forth in Paragraph (g) below). 

(b)    Preparation and Review of Plans for Tenant Improvements. Tenant has retained a space planner (the
“Space Planner”), and the Space Planner has prepared (or will prepare) certain plans, drawings and specifications (the “Temporary Plans”) for the construction of the Tenant Improvements in the Premises to be
installed in the Premises by a general contractor selected by Tenant pursuant to this Work Letter. Tenant shall deliver to Space Planner within thirty (30) days after the execution of this Second Amendment, all necessary information required by
the Space Planner to complete the Temporary Plans with respect to the Suite 600 Space. Tenant understands that the Tenant Improvements are to be completed in phases with respect to the Suite 400 Space, Suite 500 Space, Suite 600 Space and Suite 900
Space. Except with respect to the Movable Amounts (as defined below), Tenant shall only be permitted to apply the Landlord’s Construction Allowance allocable to each floor of the Premises so to such floor (i.e., Tenant cannot take a portion of
the allowance allocable to the Suite 600 Space and apply it to improvements for the Suite 400 Space). As used herein, the term “Movable Amounts” means (i) up to $875,700.00 out of the Landlord’s Construction Allowance
allocable to the Suite 600 Space can be allocated to other suites of the Premises and (ii) up to $199,365.00 out of the Landlord’s Construction Allowance allocable to the Suite 500 Space can be allocated to other suites of the Premises.
The plan approval process set forth in this Paragraph (b) shall be applicable with respect to each phase of construction in each of the suites of the Premises. Landlord shall have ten (10) business days after Landlord’s receipt of the
proposed Temporary Plans to review the same and notify Tenant in writing of any comments or required changes, or to otherwise give its approval or disapproval of such proposed Temporary Plans. If Landlord fails to give written comments to or approve
the Temporary Plans within such ten (10) business day period, then Landlord shall be deemed to have rejected the Temporary Plans as submitted. Tenant shall have ten (10) business days following its receipt of Landlord’s comments and
objections to redraw the proposed Temporary Plans in compliance with Landlord’s request and to resubmit the same for Landlord’s final review and approval or comment within ten (10) business days of Landlord’s receipt of such
revised plans. Such process shall be repeated twice and if at such time final approval by Landlord of the proposed Temporary Plans has not been obtained, then Landlord shall complete such Temporary Plans, at Tenant’s sole cost and expense, to
reflect Landlord’s objections or comments. Once Landlord has approved the Temporary Plans, the approved Temporary Plans shall be thereafter known as the “Final Plans”. The Final Plans shall include the complete and final
layout, plans and specifications for the Premises showing all doors, light fixtures, electrical outlets, telephone outlets, wall coverings, plumbing improvements (if any), data systems wiring, floor coverings, wall coverings, painting, any other
improvements to the Premises beyond the shell and core improvements 

  
 B-2 

 
provided by Landlord and any demolition of existing improvements in the Premises. The improvements shown in the Final Plans shall (i) utilize Landlord’s building standard materials and
methods of construction unless otherwise expressly set forth in the Final Plans, (ii) be compatible with the shell and core improvements and the design, construction and equipment of the Premises, and (iii) comply with all applicable laws,
rules, regulations, codes and ordinances. Tenant, using the Space Planner, shall prepare or cause to be prepared and submitted the Final Plans, concurrently, and in each case by receipted courier or delivery service, to Landlord’s construction
representative (“Landlord’s Construction Representative”), and Landlord’s offices for Landlord’s review and approval, which shall be consistent with the description of the Tenant Improvements set forth
in the Temporary Plans. 
 Each set of proposed Final Plans furnished by Tenant shall include at least two (2) sets of prints. The
Final Plans shall be compatible with the design, construction, and equipment of the Building, and shall be capable of logical measurement and construction. Unless Landlord shall otherwise agree in writing, the Final Plans shall be signed/stamped by
the Space Planner, and shall include (to the extent relevant or applicable) such additional plans reasonably requested by Landlord related to the Tenant Improvements, including, without limitation, any and all additional plans related to
Tenant’s specific use of the Premises, or as may be required by local city ordinance or building code. 
 Tenant shall submit all Final
Plans concurrently to Landlord’s construction representative and offices, as designated above, for Landlord’s review and approval. Landlord shall have ten (10) business days after Landlord’s receipt of the proposed Final Plans to
review the same and notify Tenant in writing of any comments or required changes, or to otherwise give its approval or disapproval of such proposed Final Plans. If Landlord fails to give written comments to or approve the Final Plans within such ten
(10) business day period, then Landlord shall be deemed to have rejected the Final Plans as submitted. Tenant shall have ten (10) business days following its receipt of Landlord’s comments and objections to redraw the proposed Final
Plans in compliance with Landlord’s request and to resubmit the same for Landlord’s final review and approval or comment within ten (10) business days of Landlord’s receipt of such revised plans. Such process shall be repeated as
necessary until final approval by Landlord of the proposed Final Plans has been obtained. Landlord may at any time by written notice given in accordance with the notice provisions of the Lease change the name and/or address of the designated
Landlord’s construction representative to receive plans delivered by Tenant to Landlord. In the event that Tenant disagrees with any of the changes to the proposed Final Plans required by Landlord, then Landlord and Tenant shall consult with
respect thereto and each party shall use all reasonable efforts to promptly resolve any disputed elements of such proposed Final Plans. If such Final Plans are not resolved by Landlord and Tenant, then Tenant shall accept Landlord’s final
changes to the proposed Final Plans. For purposes hereof, “business days” shall be all calendar days except Saturdays and Sundays and holidays observed by national banks in the State in which the Premises are situated. 

Notwithstanding the preceding provisions of this Paragraph (b), under no circumstances whatsoever shall (i) any combustible materials be
utilized above finished ceiling or in any concealed space, (ii) any structural load, temporary or permanent, be placed or exerted on any part of the Building without the prior written approval of Landlord, or (iii) any holes be cut or
drilled in any part of the roof or other portion of the Building shell without the prior written approval of Landlord. 
 In the event that
Tenant proposes any changes to the Final Plans (or any portion thereof) after the same have been approved by Landlord, Landlord shall not unreasonably withhold its consent to any such changes, provided the changes do not, in Landlord’s
reasonable opinion, adversely affect the Building structure, systems, or equipment, or the external appearance of the Premises. 
 As soon
as the Final Plans (or a portion thereof sufficient to permit commencement of construction or installation of the Tenant Improvements, if Tenant elects to proceed with a “fast track” construction) are mutually agreed upon, Tenant shall use
diligent efforts to obtain all required permits, authorizations, and licenses from appropriate governmental authorities for construction of the Tenant Improvements (or such portion thereof, as applicable). Tenant shall be solely responsible for
obtaining any business or other license or permit required for the conduct of its business at the Premises. 

  
 B-3 

 (c)    Construction of the Tenant Improvements.
Construction or installation of the Tenant Improvements shall be performed by a licensed general contractor or contractors selected by Tenant and approved by Landlord, such approval not to be unreasonably withheld or delayed (the
“Tenant’s Contractor,” whether one or more), pursuant to a written construction contract negotiated and entered into by and between the Tenant’s Contractor and Tenant and approved by Landlord. Each such
contract shall (i) obligate Tenant’s Contractor to comply with all reasonable rules and regulations of Landlord relating to construction activities in the Building, (ii) name Landlord as an additional indemnitee under the provisions
of the contract whereby the Tenant’s Contractor holds Tenant harmless from and against any and all claims, damages, losses, liabilities and expenses arising out of or resulting from the performance of such work, (iii) name Landlord as a
beneficiary of (and a party entitled to enforce) all of the warranties of the Tenant’s Contractor with respect to the work performed thereunder and the obligation of the Tenant’s Contractor to replace defective materials and correct
defective workmanship for a period of not less than one (1) year following final completion of the work under such contract, (iv) evidence the agreement of the Tenant’s Contractor that the provisions of the Lease shall control over
the provisions of the contract with respect to distribution or use of insurance proceeds, in the event of a casualty during construction, and (v) evidence the waiver and release by the Tenant’s Contractor of any lien or right to assert a
lien on all or any portion of the fee estate of Landlord in and to the Building as a result of the work performed or to be performed thereunder (and obligating the Tenant’s Contractor to include a substantially similar release and waiver
provision in all subcontracts and purchase orders entered under or pursuant to the contract). Notwithstanding anything to the contrary, union labor shall not be required to be used for construction of the Tenant Improvements; provided, however,
Landlord shall be permitted to withhold its consent to a contractor proposed to be utilized by Tenant to the extent such contractor would create a labor dispute at the Building or Project that could impair or affect the Landlord’s ability to
operate the Building or otherwise provide the services it is required to provide to its tenants. In the event there is any labor dispute as a result of Tenant’s contractor and such labor dispute is impairing or affecting Landlord’s ability
to operate the Building or otherwise provide the services it is required to provide to its tenants, then Tenant shall immediately take such actions as may be required in order to cause such labor dispute to cease. Tenant and its contractors shall be
required to comply with the constructions rules and regulations set forth Exhibit B-1 attached hereto (and the Tenant Improvement shall be required to incorporate all design elements set forth in such
Exhibit B-1). 
 Tenant acknowledges and understands that all roof penetrations involved in
the construction of the Tenant Improvements must be performed by the Landlord’s Building roofing contractor. All costs, fees and expenses incurred with such contractor in performing such work shall be a cost of the Tenant Improvements (which
such cost may be payable out of the Landlord’s Construction Allowance), in accordance with the provisions of this Exhibit B. Tenant or Tenant’s Contractor shall be responsible for all water, gas, electricity, sewer or other
utilities used or consumed at the Premises during the construction of the Tenant Improvements. 
 Tenant specifically agrees to carry, or
cause the Tenant’s Contractor to carry, during all such times as the Tenant’s work is being performed, (a) builder’s risk completed value insurance on the Tenant Improvements, in an amount not less than the full replacement cost
of the Tenant Improvements, (b) a policy of insurance covering commercial general liability, in an amount not less than One Million Dollars ($1,000,000.00), combined single limit for bodily injury and property damage per occurrence (and
combined single limit coverage of $2,000,000.00 in the aggregate), and automobile liability coverage (including owned, non-owned and hired vehicles) in an amount not less than One Million Dollars
($1,000,000.00) combined single limit (each person, each accident), and endorsed to show Landlord as an additional insured, and (c) workers’ compensation insurance as required by law, endorsed to show a waiver of subrogation by the insurer
to any claim the Tenant’s Contractor may have against Landlord. Tenant shall not commence construction of the Tenant Improvements until Landlord has issued to Tenant a written authorization to proceed with construction after Tenant has
delivered to Landlord’s construction 

  
 B-4 

 
representative (i) certificates of the insurance policies described above, (ii) copies of all permits required for construction of the Tenant Improvements and a copy of the permitted
Final Plans as approved by the appropriate governmental agency, and (iii) a copy of each signed construction contract for the Tenant Improvements (a copy of each subsequently signed contract shall be forwarded to Landlord’s construction
representative without request or demand, promptly after execution thereof and prior to the performance of any work thereunder). All of the construction work shall be the responsibility of and supervised by Tenant. 

(d)    Requirements for Tenant’s Work. All of Tenant’s construction with respect to
the Premises shall be performed in substantial compliance with this Exhibit B and the Final Plans therefor previously approved in writing by Landlord (and any changes thereto approved by Landlord as herein provided), and in a good and
workmanlike manner, utilizing only new materials. All such work shall be performed by Tenant in strict compliance with all applicable building codes, regulations and all other legal requirements. All materials utilized in the construction of
Tenant’s work must be confined to within the Premises. All trash and construction debris not located wholly within the Premises must be removed each day from the Project at the sole cost and expense of Tenant. Landlord shall have the right at
all times to monitor the work for compliance with the requirements of this Exhibit B. If Landlord reasonably determines that any such requirements are not being strictly complied with, Landlord may immediately require the cessation of all
work being performed in or around the Premises or the Project until such time as Landlord is reasonably satisfied that the applicable requirements will be observed. Any approval given by Landlord with respect to Tenant’s construction or the
Temporary Plans or Final Plans therefor, and/or any monitoring of Tenant’s work by Landlord, shall not make Landlord liable or responsible in any way for the condition, quality or function of such matters or constitute any undertaking, warranty
or representation by Landlord with respect to any of such matters. 
 (e)    No Liens; Indemnification. Tenant
shall have no authority to place any lien upon the Premises, or the Building, or any portion thereof or interest therein, nor shall Tenant have any authority in any way to bind Landlord, and any attempt to do so shall be void and of no effect. If,
because of any act or omission of Tenant, or Tenant’s Contractor, or any subcontractors or materialmen, any lien, affidavit, charge or order for the payment of money shall be filed against Landlord, the Premises, the Building, or any portion
thereof or interest therein, whether or not such lien, affidavit, charge or order is valid or enforceable, Tenant shall, at its sole cost and expense, cause the same to be discharged of record by payment, bonding or otherwise no later than fifteen
(15) days after notice to Tenant of the filing thereof, but in any event prior to the foreclosure thereof. With respect to the contract for labor or materials for construction of the Tenant Improvements, Tenant acts as principal and not as the
agent of Landlord. Landlord expressly disclaims liability for the cost of labor performed for or supplies or materials furnished to Tenant. Landlord may post one or more “notices of
non-responsibility” for Tenant’s work on the Building. No contractor of Tenant is intended to be a third-party beneficiary with respect to the Landlord’s Construction Allowance, or the agreement
of Landlord to make such Landlord’s Construction Allowance available for payment of or reimbursement for the costs of construction of the Tenant Improvements. Tenant agrees to indemnify, defend and hold Landlord, the Premises and the Project,
harmless from all claims (including all reasonable costs and expenses of defending against such claims) arising from any act or omission of Tenant or Tenant’s agents, employees, contractor, subcontractors, suppliers, materialmen, architects,
designers, surveyors, engineers, consultants, laborers, or invitees, or arising from any bodily injury or property damage occurring incident to any of the work to be performed by Tenant or its contractors or subcontractors with respect to the
Premises, except to the extent caused by the negligence or willful misconduct of Landlord. Any Default by Tenant under this Exhibit B shall constitute a default by Tenant under the Lease for all purposes. Additionally, any approval given by
Landlord with respect to the Tenant Improvements or the Final Plans and/or any monitoring of the construction of the Tenant Improvements by Landlord shall not make Landlord liable or responsible in any way for the condition, quality or function of
such matters or constitute any undertaking, warranty or representation by Landlord with respect to any such matters. 

  
 B-5 

 (f)    Substantial Completion. “Substantial
Completion” (or any grammatical variant thereof) of construction of the Tenant Improvements shall be defined as the later of (i) the date upon which Landlord’s Construction Representative (or other consultant engaged by Landlord)
determines that the Tenant Improvements have been substantially completed in accordance with the Final Plans, and (ii) the date upon which a temporary certificate of occupancy (or its equivalent) is issued for the Premises by the appropriate
governmental authority. After the completion of the Tenant Improvements, Tenant shall, within ten (10) business days of demand, execute and deliver to Landlord a letter of acceptance of improvements performed on the Premises. The failure of
Tenant to take possession of or to occupy the Premises shall not serve to relieve Tenant of obligations arising on the Commencement Date or delay the payment of Rent by Tenant. 

(g)    Excess Allowance. 

(i)    Suite 500 Space. Notwithstanding anything herein to the contrary, if the total cost of the
Tenant Improvements with respect to the Suite 500 Space are less than the total amount of the Landlord’s Construction Allowance allocable to such Suite 500 Space (the difference between the cost of the Tenant Improvements to the Suite 500 Space
and the cost of the Landlord’s Construction Allowance allocable to the Suite 500 Space being referred to herein as the “Excess Suite 500 Allowance”), then Landlord agrees that, upon Tenant’s written request and subject to
the further terms of this Paragraph (g)(i), Tenant shall have the right to have up to (but not to exceed) $264,585.00 out of such Excess Suite 500 Allowance disbursed to Tenant as a reimbursement of the actual out-of-pocket expenses paid by Tenant to third parties in connection with Tenant’s move to the Premises, including space planning and design, built-in and movable
furniture, signage costs and the installation of Tenant’s wiring and cabling in the Suite 500 Space and Suite 600 Space (the “Moving Reimbursement”); provided, however, in no event shall the total amount advanced by Landlord to
Tenant for the Moving Reimbursement exceed the lesser of the amount of the Excess Suite 500 Allowance or $264,585.00. In the event Tenant desires any such reimbursement, Tenant shall notify Landlord of the amounts that Tenant wants reimbursed (and
such request shall include actual copies of paid invoices reflecting amounts Tenant desires to have reimbursed) by the Construction Termination Date applicable to the Suite 500 Space, and, notwithstanding anything herein to the contrary, if Tenant
fails to so notify Landlord in writing of such amounts Tenant desires to have reimbursed by the Construction Termination Date applicable to the Suite 500 Space, Tenant shall not be entitled to any such reimbursement and all such Excess Suite 500
Allowance shall belong to Landlord and Tenant shall have no rights thereto other than apply such Excess Suite 500 Allowance amounts to the installation of the FANWALL system as contemplated in Paragraph 11 (i.e., if there is any Excess Suite
500 Allowance that has not been utilized as of the Construction Termination Date allocable to the Suite 500 Space, then Tenant can only access such Excess Suite 500 Allowance in order to pay for any costs related to the FANWALL system being
installed pursuant to the terms of Paragraph 11). 
 (ii)    Suite 600 Space.
Notwithstanding anything herein to the contrary, if the total cost of the Tenant Improvements with respect to the Suite 600 Space are less than the total amount of the Landlord’s Construction Allowance allocable to such Suite 600 Space (the
difference between the cost of the Tenant Improvements to the Suite 600 Space and the cost of the Landlord’s Construction Allowance allocable to the Suite 600 Space being referred to herein as the “Excess Suite 600 Allowance”),
then Landlord agrees that, upon Tenant’s written request and subject to the further terms of this Paragraph (g)(ii), Tenant shall have the right to have up to (but not to exceed) $262,710.00 out of such Excess Suite 600 Allowance
disbursed to Tenant as a reimbursement of the actual out-of-pocket expenses paid by Tenant to third parties in connection with Tenant’s move to the Premises,
including space planning and design, built-in and movable furniture, signage costs and the installation of Tenant’s wiring and cabling in the Suite 500 Space and Suite 600 Space (the “Moving
Reimbursement”); provided, however, in no event shall the total amount advanced by Landlord to Tenant for the Moving Reimbursement exceed the lesser of the amount of the Excess Suite 600 Allowance or $262,710.00. In the event Tenant desires
any such reimbursement, Tenant 

  
 B-6 

 
shall notify Landlord of the amounts that Tenant wants reimbursed (and such request shall include actual copies of paid invoices reflecting amounts Tenant desires to have reimbursed) by the
Construction Termination Date applicable to the Suite 600 Space, and, notwithstanding anything herein to the contrary, if Tenant fails to so notify Landlord in writing of such amounts Tenant desires to have reimbursed by the Construction Termination
Date applicable to the Suite 600 Space, Tenant shall not be entitled to any such reimbursement and all such Excess Suite 600 Allowance shall belong to Landlord and Tenant shall have no rights thereto other than apply such Excess Suite 600 Allowance
amounts to the installation of the FANWALL system as contemplated in Paragraph 11 (i.e., if there is any Excess Suite 600 Allowance that has not been utilized as of the Construction Termination Date allocable to the Suite 600 Space, then
Tenant can only access such Excess Suite 600 Allowance in order to pay for any costs related to the FANWALL system being installed pursuant to the terms of Paragraph 11). 

  
 B-7 

 EXHIBIT B-1 

One Renewal Option at Market 

Construction Rules and Regulations 
  

	To:	 All Tenants and Contractors 

 

	From:	 KBSIII ALMADEN FINANCIAL PLAZA, 

LLC 
  

	Date:	 5/15/2018 

  

	Re:	 KBS Construction Rules and Regulations as provided for construction projects at

 The Almaden - 1, 55 &99 Almaden Blvd., San Jose, CA. 95113 

The following rules and regulations shall apply for projects at The Almaden: 

Tenant Construction Release: 
 A Construction
Release form signed by the Property Manager is required before construction begins. This is a check-off form to ensure that all required documentation has been provided. 

Display of Building Permits 
 Tenant and/or General
Contractor must post all building permits on a wall of the construction site prior to commencement of work. Permit shall remain posted until final inspections are completed. 

Project Directory List 
 Provide numbered list
of contractors and subcontractors to be involved with the project, with the contact names and telephone numbers of key personnel. Contractor will also be required to provide a numbered badge to all personnel on the project, showing
Contractor’s Logo and worker’s name and trade. These must be worn at all times while working in the building - no exceptions. 
 Landlord
Drawing Approval 
 No work shall start until Contractor/Tenant has submitted proper drawings and received written approval from KBS project manager
and or property manager. 
 Pre-Construction Building Inspection 

Prior to commencement of work Contractor/Tenant shall inspect building conditions outside of work area (paths of travel, elevators, electrical/mechanical
rooms, etc.) to verify existing building conditions. When final inspections are completed Tenant shall notify the Property Management Office and a post-construction walk thru will be conducted and any construction related damages to existing
building areas/finishes will be determined at that time 

  
 B-1-1 

 Hours of Operation: 

The building is typically staffed with engineers between 7:00 AM and 5:00 PM, Monday through Friday. No engineers are specifically on duty at the building on
Weekends and Holidays. Overtime charge for KBS to provide an engineer during Contractor’s after-hours work will be billed accordingly to union rates. 

Work requiring the disabling of fire alarm systems must be finished before 2:00 PM. This is to allow sufficient time to restore the systems to
normal operation, and to resume monitoring by the offsite security contractor before key engineering personnel leave for the day. 
 All planned sprinkler
work will be conducted only as arranged with the Building Engineer on duty. No sprinkler valves are to be closed or opened until the OK is given by the Building Engineer. From time to time there may also be limits on the times during which sprinkler
work may be performed. Provide a minimum of two business days advance notice for any planned sprinkler work. 
 Contractor Parking 

Landlord shall designate contractor parking areas, if available. Parking may be limited. Contractor parking is prohibited in and around the loading dock area.

 Roof Penetrations 
 Landlord must approve all
roof top equipment installations. All penetrations must be cut, flashed and sealed by the roof warranty holder or other vendor approved by property manager. Cost of such work shall be the sole responsibility of the Tenant/General Contractor 

Structural Slab or Wall Penetrations: 
 Some
projects may require independent review by the Owner’s preferred Structural Consultant, who maintains a record set of drawings. Typical projects requiring structural review would include slab penetrations or installations where weight/slab
loading may be an issue. Costs associated with such special review requirements may be billed to the tenant. Add extra time for any additional reviews required. 

Nishkian Menninger Structural 
 1200 Folsom Street 

San Francisco, CA 94103 
 The Contractor shall use whatever means
necessary to avoid damaging electrical conduit buried in walls or slabs. Non-destructive GPR (ground penetrating radar) technology is now available to scan concrete structures. Any and all damages to buried
conduit are to be repaired quickly, and at the Contractor’s expense. Life Safety Systems shall be restored by the building’s approved Life Safety Contractor. 

Roof work is to be completed by Prospect Waterproofing Company. Contact: 

GoGreen Roofing Corp. 
 3315 Woodward Ave. 

Santa Clara, CA 95054 
 Openings and/or damaged areas shall be
patched with non-shrink grout. In areas subject to moisture such as toilet rooms, kitchens, etc., the opening shall be filled with expanding grout, which will completely seal the opening from moisture
penetration, and a liquid-tight approved Fire Stop Compound shall be applied as per the manufacturer’s standard detail. 

  
 B-1-2 

 Public Facilities: 

Please use the restrooms designated by the Property Management Office. The General Contractor shall be responsible for cleaning and maintaining restroom
designated by Property Management. 
 Contractor and its employees shall not litter or abuse the restrooms. If it is determined by the Property Manager that
the Contractor is not utilizing the building restrooms in the manner intended, or that the restrooms are being abused, the Contractor will be required to provide outdoor portable toilet facilities in a location determined by the Property Manager,
and maintain same at the Contractor’s sole expense. 
 Contractor and its employees are not to congregate or eat in public lobbies, corridors or at the
front entrance of the building. No eating or open containers are allowed in the elevators, public hallways or in any carpeted area in the building. No alcohol is permitted on the premises at any time. Radios are allowed only with in the construction
area but must be kept at a reasonable level or at landlord’s sole discretion may be prohibited from the job site. 
 Deliveries: 

All deliveries must be coordinated with the Property Management Office. Deliveries must occur afterhours, before 7AM and after 6PM Monday through Friday, or on
weekends. If the scope requires an engineer to be present for the delivery, Contractors will be subject to an engineering charge. 
 No Smoking:

 Smoking is not permitted anywhere within the building. Contractor smoking outdoors shall be limited to those areas designated by the Property
Management Office. 
 Safety: 
 Wooden ladders
are not allowed on construction projects. Only OSHA - approved fiberglass ladders are permitted. The building does not lend ladders to Contractors due to insurance regulations. The Owner will not be responsible for injuries or damages that may occur
due to the Contractor’s unauthorized use of ladders. 
 Contractor must maintain a copy of all product MSDS sheets used on the project on site, per
OSHA HazCom Standards. 
 All areas of fire egress must be maintained at all times. Under no circumstances should any equipment or materials be stored in a
fire egress path. This includes stairwells and fire exit corridors. 
 No combustible materials shall be stored in any mechanical, electrical, or telephone
rooms. A staging area must be set up on site for all equipment and material storage and agreed upon by Property Management and Tenant. 
 All trash or
foreign objects must be removed from above the ceiling prior to ceiling close-in for the safety of building personnel working above the ceiling. Superintendent shall verify the ceiling is “clean”
prior to closing out the job. 
 All lighting fixtures, electrical wiring, piping, data cabling, and any other equipment installed above the ceiling must be
properly supported per building codes. Under no circumstances shall anything but ceiling panels be supported solely by the ceiling grid or any wiring or cabling lay resting on the grid. Superintendent shall verify the ceiling is “clean”
prior to closing out the job. 

  
 B-1-3 

 Any electrical switch or circuit breaker turned off for the purposes of working on a downstream circuit must
be locked and tagged according to OSHA guidelines. Any live exposed electrical component/s shall be clearly marked with a warning sign, such as “Danger, Exposed Live Electrical Components. Authorized Personnel Only”, and proper protection
shall be put up to protect personnel from entering proximity of electrical hazard. Under no circumstances shall an electrical closet be left propped in the open position while unattended unless the entire floor is under renovation and
approved by Property Management, no other exceptions! Superintendent on site will be responsible for enforcing this policy with electrical contractors. 

All “Hot Work” must first be approved by Building Engineer and “Hot Work” procedures must be followed per Building Engineer and FM Global
standards. 
 Protection: 
 Protection shall
pertain to, but not be limited to, the following concerns: noise, fumes, odors, dust, moisture, vibration, static electricity around integrated circuits, and other potentially harmful elements and actions. 

All window blinds and tint are to be checked, and any damage or operational problems brought to the attention of the Project Manager or Senior Property
Manager, before the project commences. All window glass is to be inspected prior to work commencement, and any broken glass shall be brought to the attention of the KBS Project Manager and the Property Manager. Any broken glass which occurs after
project commencement is the responsibility of the Contractor, and shall be replaced promptly and at the expense of the Contractor. Public areas and corridors are to be protected by non-slip runners and walk
off mats from the elevator (or entrance) to the entrance door of the suite under construction and in all areas of work. 
 A designated freight elevator
shall be used for all deliveries to the building and must be properly protected including floors, walls, ceilings, side frames, and common area floors and walls with plywood or Masonite. Protection must be approved by the on-site Building Engineer prior to beginning work. Contractor/Tenant will be held liable for any damages to the building resulting from improper protection. 

Return air ducts and return air shaft openings shall be covered with filter material throughout the construction period, and the filters are to be checked and
changed on a regular basis as required to maintain return air flow from the space and avoid space pressurization. The Mechanical Contractor shall reduce flow on the supply air systems to the extent necessary to create a slightly negative pressure
within the construction area, to prevent the migration of dust. 
 Temporary partitions and polyethylene plastic curtains are to be installed as necessary.
The Mechanical Contractor shall reduce flow on the supply air systems to the extent necessary to create a slightly negative pressure within the construction area, to prevent the migration of dust. 

All existing carpeting to remain will be protected with matting, drop cloths, or similar covering. 

All fire alarm devices and wiring shall be identified, bagged and protected prior to any demolition work so as to prevent damage and false alarms. 

All pneumatic thermostats and related temperature controls shall be covered with plastic bags and tied up with their respective lines to the ceiling, taking
care not to create leaks - notify the Building Engineer immediately if a leak occurs. 

  
 B-1-4 

 Fire Alarm System Protection: 

The Contractor shall be fully responsible for the payment of any fines levied by Santa Clara County Fire Marshal, and any and all other such monetary damages
which may result from the failure of the Contractor’s employees and/or subcontractors to properly guard the fire alarm system from accidental alarm activation. It should be noted that the local Authority having jurisdiction could determine that
such fines are directly attributable to an individual or responsible person, who in the Authority’s judgment could have or should have prevented the alarm. In no instance will the Owner be responsible for the payment of fines/damages that
result from the Contractor’s negligence in this regard. 
 Deactivation of the fire alarm system must be arranged by written request from the
Contractor to Building Management 24 hours in advance. Work requiring disabling of fire alarm systems must be finished before 2:00 p.m. This is to allow sufficient time to restore systems to normal operation, and to resume off-site monitoring by Red-Hawk before key engineering personnel leave for the day. 

Hazardous Materials: 
 No paints or chemicals shall
be left behind after project completion. Should the Tenant request touch-up samples, provide the appropriate Material Safety Data Sheets, in soft plastic covers, affixed to the respective containers. No
application of VOC or odor-producing products is permitted before 6:30 p.m. or after 7:30 a.m. 
 Project Close Out: 

Once construction has been completed, whether new or remodeling, previous revisions and/or notes shall be removed from
as-built drawings so that they properly reflect existing conditions. 
 Prior to closing the ceiling, while building
HVAC systems are off, disable and cover all plenum smoke detectors, then remove filter media at all return air openings. 
 On all projects where changes to
mechanical systems have occurred, after the ceiling is closed, all HVAC systems serving the newly constructed area and any adjacent areas in the same control zone shall be air balanced by third party. Contractor must notify property manager 48 hours
prior to the start of air balancing work. Landlord’s operating personnel may witness balancing effort, if they so desire. A completed air balancing report shall be submitted to the mechanical engineer of record & Building Owner within
thirty days after the completion of the project. 
 Provide 100% CAD drawings on disc, saved in both “.dwg” and “.dwf” formats. 

Emergencies: 
 To reach the building engineer in an
emergency, after normal hours of operation, call the Security, (408) 768- 4547. Officers are on duty at The Almaden 24/7. They maintain an
up-to-date calling list for all engineers, so they will be able to notify someone to help you with your problem. 

Security Access & Keying: 
 To protect our
tenants and the integrity of our key system, it is our policy to have the contractor sign for any keys received for the project. A receipt is provided at project completion for the PM and Contractor’s records, showing that all keys have been
returned. It is recommended that the Tenant arrange to have suite entry doors re-keyed on or before move-in day. All locks must be keyed to the Master, Floor Master, and
change key. The base building key system is Sargent LB key way. 

  
 B-1-5 

 Key work is to be completed by: 

Silicon Valley Locksmith 
 1444 South Main Street 

Milpitas, CA 95035 
 Close Out Documentation: 

Provide 100% CAD drawings on disc, saved in both “.dwg” and “.dwf” formats. Provide 100% As-Built
Drawings, hard copies, full set. 
 Sprinkler System: 

Due to demonstrated unreliability, the building Owner does not permit “plain end”, “slip type” or “torque type” fittings that
rely upon a break-off fastener or bite screw to connect the fitting to the pipe. 
 All fire sprinkler heads shall
be Tyco series RFII 5.6 K-Factor “Royal Flush” concealed pendent sprinklers. Centered in tile. 

General Demolition and Construction: 
 No utilities
(electricity, water, gas, plumbing) or services to Tenants are to be cut off or interrupted without first having requested the permission of the Property Manager in writing at least 48 hours in advance. 

Any work that results in noise which can be heard outside of the Tenant’s leased premises is considered to be disturbing or inconvenient. All core
drilling, hammer drilling, duct installation or other loud work must be completed prior to 7:30 a.m. or after 6:30 p.m. Monday-Friday. 
 Most demolition
and some construction work will require the fire sprinkler valves on that floor to be closed to protect against major property damage in the event a sprinkler head is accidentally bumped and discharged during the process. It will be the Chief
Building Engineer’s decision or any other designated on-site Building Engineer to determine when the valves will need to be secured. Designated Construction Superintendent for the project must review
(with the on-site Building Engineer) the planned work for the day prior to beginning any work day. The Engineer will make a determination based on this information whether to close the valves. The Contractor
may be required to provide an individual assigned as Fire Watch during all times any part of the fire alarm system is disabled, and shall be equipped with a fire extinguisher and a working telephone. The building engineer/property management will
make that determination. 
 All activities which create excessive dust or smoke (e.g. burning or welding) must be coordinated with Building Management and
the Building Engineer with 24 hours written notice, and shall be performed prior to 7:30 AM unless otherwise instructed. The Contractor must provide an individual assigned as Fire Watch during all hot work, equipped with a fire extinguisher and a
working telephone. A Hot Work Permit, issued by the Building, is required. The Contractor shall arrange with the Building Engineer to protect smoke detectors during such work. Protection shall be removed at the conclusion of every workday. In that
the work is being performed in an occupied building, the Contractor is responsible for providing a means of local exhaust are necessary to remove smoke, fumes and odors from the building. 

Contractor or subcontractor signage may not be displayed in the building common areas or any of the window glass without prior Building Management approval.

 Access to suite immediately below and adjacent to construction area must be coordinated at least 48 hours prior to actual work with the Property Manager
through written request. 

  
 B-1-6 

 If sprinkler system or HVAC must be temporarily out of service, the Property Manager must be notified in
writing and approval given 48 hours prior to drain down. 
 Contractors are not to use Tenant’s telephone, fax machines, photocopiers or other office
equipment. Premises must be secured and doors to the work area, mechanical and electrical room and stairwells closed and lights turned off at the end of each day. 

Cleaning of spackling knives, painting equipment, tools and buckets shall only be permitted in the janitor’s closet slop sink. The contractor is
responsible for protecting and cleaning the slop sinks and the walls at the closet. Painting the walls within the janitor’s closet may be required at project completion as determined by the Project Manager or Property Manager. The contractor is
responsible for any plumbing blockages that occur in the janitor’s closet slop sink or at floor drains utilized by the Contractor over the course of the project. If the Building is required to call a plumber in the event the Contractor fails to
address blockages in a timely manner, all charges will be billed back to the Contractor. 
 The Contractor will not be permitted to use the Building
Management’s maintenance tools, vacuum cleaners, ladders or materials. 
 No materials may be stored or stocked in main lobbies at any time. 

Only the Landlord designated elevator shall be used to ferry material and workers to the construction areas. Construction personnel are prohibited from using
normal passenger elevators at any time except during an emergency. 
 Mechanical & HVAC: 

All new HVAC installations which pull ventilation air from the outdoors, independent of the base- building central fans, shall have
spring-operated/normally-closed motorized dampers on all ductwork, fitted and installed in such a manner as to prevent the infiltration of outside air when the unit is commanded OFF. The control circuit(s) for all system START/STOP functions shall
be interrupted by a control circuit relay tied into the BAS/EMS One-Point Shutdown EMERGENCY OFF Switch. Operation of the EMERGENCY OFF switch shall result in the immediate shutdown of all system fans, and closing of all system dampers, regardless
of HOA switch position, in the event of terrorist attack or other event requiring immediate H V A C system shutdown or isolation. Coordinate with Environmental Services Inc., the building EMS vendor. 

Environmental Systems Inc. 
 3353 De La Cruz Blvd. 

Santa Clara, CA 95054 
 Contact: T.J. Kay 

Any exception to this rule must be approved by the Project Manager or Property Manager. 

VAV units shall upgraded to Titus with integral heat as needed to meet design. All VAV shall have Delta DDC controls. All boxes will fail open for fire life
safety. Any exceptions must be approved by the Building Owner. 
 Tenant installed self-contained units are to be complete with all factory wiring installed
within the unit. They are to have ball valves installed as stop valves on the supply and return lines near the unit. Back flush hose connections shall be installed between the shut off valve and the unit. A/C unit water strainers are to be a minimum
of 1.5 times (x) the pipe size, with an insert screen designed for water use. Steam type mesh screens are not acceptable. Dielectric fittings are to be used at all piping material changes. 

  
 B-1-7 

 Tenant is responsible for obtaining regular maintenance and service on any additional mechanical equipment
added that is not part of the base building system, and is also responsible for any service lines connected to such mechanical equipment along the entire length of those lines and up to where connected to the base building risers, regardless of
whether such lines or connections are located in the tenant’s demised premises. 
 All HVAC equipment duct flex connectors are to be bridged with a
bonding cable provided and installed by the Electrical Contractor, to insure the electrical grounding of all ductwork. 
 All duct joints are to be sealed
with duct sealant compound to make air tight. All new ductwork is to be insulated to match the base building ductwork for the same type of use. Do not use internally insulated (sound lined) ductwork on any base building ductwork modifications. 

All duct openings not used for supply or return connections are to be capped, sealed, and insulated. 

Plumbing: 
 All waste lines are to be a minimum of
2” ID pipe size with clean outs. Dielectric fittings are to be used at all piping material changes. 
 Provide shut off valves in domestic water system
branch lines serving all fixtures. Architectural panels or doors shall be provided where necessary to allow free access to the valves. Non-metal piping such as PVC shall not be used. Piping for drainage or
venting is to be DWV. 
 IMPORTANT: Do to recurring problems with point of use hot water heaters, their use is not permitted in the building. These units
have a demonstrated history of sudden failure at the seams, resulting in severe flooding. 
 Fire Alarm System: 

The property has a Notifier 3030 addressable fire alarm system. The following vendors are approved to work in the building. 

Cal Building 
 2624 Vern Roberts Circle Suite 102 

Antioch, CA 94509 
 EMT Electric Inc. 

1282 Dupont Court 
 Manteca, CA 95336 

Speaker / Strobe circuits are to be run in plenum rated shielded 14-gauge cabling. 

Fire Alarm-related work is to be completed by 2:00 P.M. This is to allow sufficient time to restore the systems to normal operation, and to resume monitoring
by the off-site Security Company before key engineering personnel leave for the day. 
 Duct smoke detectors may be
required on Air Handling Units, per the following schedule: 
 0-1,999 CFM – Not required 

2000 CFM and up – Return duct only 

  
 B-1-8 

 An allowance should be made for smoke detectors in each of these locations, even if they are not called for
on the plans. 
 Smoke detection is required in full floor build outs without smoke detection in the exit corridors. Multi-tenant floors with corridors with
smoke control do not require smoke detection in the suits. 
 Full floor suites with smoke detection will require smoke detectors in each beam bay in open
ceiling areas. 
 Smoke detectors located above suspended ceilings will require remote alarm indicators to be mounted in the suspended ceiling below, so as
to be easily visible from the floor level. 
 Electrical: 

Regarding circuit(s) in corridors, Tenant Architects may wish to consider a separate utility circuit in hallway areas for use by the night cleaners, to avoid
nuisance tripping of office circuits supporting computers, fax machines, and other critical loads. 
 Dependent upon the lease, the Tenant may be
responsible for providing some types of specialty LED fixtures, which are not building standard and therefore not normally purchased or stocked by the building. 

All penetrations at fire rated walls and floors at shafts, stairwells, elevators, telephone and electric closets are to be fire-stopped per NEC and Building
Code requirements. 
 Rules for Telecommunications/Utility Closet work. 

Any cabling or equipment proposed to be mounted or placed in core telephone closets must be pre-approved by Project or
Property Manager. 
 Provide a sketch of the intended route for cabling. Contractor will be responsible for fire stopping all penetrations used along that
route. 
 Prior notification of work dates will be required to allow notification of tenants on all floors to be accessed during cabling work. 

Cables, if more than one, shall be joined with cable ties. The cable/bunched cables shall be clearly tagged at each phone closet with the name of the Vendor
(example: AT&T) and the Tenant served (example: International Widgets Co., Suite 1100). 
 NEC 800.53 Fire and Smoke Classifications: 

Plenum–Cables installed in ducts, plenums, and other spaces used for environmental air shall be type CMP Riser – Cables installed in vertical
runs and penetrating more than one floor or cables installed in vertical runs in a shaft shall be type CMR. Also acceptable (preferred) cable type – Type LCC, limited combustible cable (less smoke, less flame) 

Lighting: 
 The Almaden building standard for
lighting is Metulx 2x2 cooper skybridge fixtures. 4000K lumens with 0-10 dimmable driver. Wattstopper Title 24 compliant controls. 
 Exit signs and
emergency lighting are 277 volts with no battery backup. New fixtures should be ordered accordingly. 

  
 B-1-9 

 All new exit signs are to be LED type, with green letters on a white or similar background field. Per code,
there must be sufficient contrast to clearly distinguish the letters from the field even when the sign is not powered. Building Standard is: Hubbell dual lite LES series fixtures. 

 

	 	1.	 ELECTRICAL CONTRACTORS: 

PLEASE BE ADVISED, THE BUILDING STANDARD LIGHTING CONTROL SYSTEMS SHALL BE A WATTSTOPPER DLM SYSTEM. TYPICAL INSTALLATIONS SHALL INCLUDE USE OF
THE FOLLOWING: 
  

	 	1.1	 WATTSTOPPER LMSW-105 MULTI-BUTTON LOW VOLTAGE SWITCHES OR OTHER DLM
MODELS AS APPROPRIATE FOR EACH CONTROL SPACE 

  

	 	1.2	 WATTSTOPPER LMRC ROOM CONTROLLERS AS REQUIRED PER TITLE-24 REQUIREMENTS
AND THE NECESSARY ZONE CONFIGURATION FOR EACH CONTROL SPACE 

  

	 	1.3	 WATTSTOPPER LMDC-100 CEILING OCCUPANCY SENSORS AS REQUIRED PER TITLE-24 REQUIREMENTS AND THE NECESSARY ZONE CONFIGURATION FOR EACH CONTROL SPACE 

  

	 	1.4	 WATTSTOPPER LMLS-400 CLOSED LOOP DAYLIGHT SENSORS AS REQUIRED PER TITLE-24 REQUIREMENTS AND THE NECESSARY ZONE CONFIGURATION FOR EACH CONTROL SPACE (EACH EXPOSURE SIDE OF THE BUILDING TO BE ZONES SEPARATELY) 

 

	 	1.4	 WATTSTOPPER LMPL-100 PLUG-CONTROLLERS AS REQUIRED PER TITLE-24 REQUIREMENTS AND THE NECESSARY ZONE CONFIGURATION FOR EACH CONTROL SPACE (INCLUDING OPEN OFFICE FURNITURE CIRCUIT DISTRIBUTION) 

 

	 	1.5	 WATTSTOPPER ELCU-200 EM RELAYS AS REQUIRED PER TITLE-24 REQUIREMENTS AND THE NECESSARY ZONE CONFIGURATION FOR EACH CONTROL SPACE 

  

	 	1.6	 WATTSTOPPER LMIO-101 DIGITAL INPUT/OUTPUT INTERFACE AS REQUIRED PER TITLE-24 REQUIREMENTS AND THE NECESSARY ZONE CONFIGURATION TO MEET DEMAND CONTROL RESPONSE REQUIREMENTS 

NOTE: PRE-WIRE OF ALL DEMAND CONTROL INTERFACES TO THE BUILDING MANAGEMENT SYSTEM POINT OF CONNECTION
SHALL BE INCLUDED IN ELECTRICAL CONTRACTOR PRICING 
 ELECTRICAL CONTRACTORS SHALL PROVIDE THE BUILDING ENGINEER WITH A
COPY OF THEIR PERMIT SUBMITTAL DRAWINGS FOR REVIEW AND APPROVAL PRIOR TO INSTALLATION. 

  
 B-1-10 

 The Almaden 

Tenant Construction Release 
 All tenant
improvement projects require the approval of the Landlord. At a minimum, the following items will be required to obtain approval. Failure to meet these requirements may result in delayed construction schedules. Management reserves the right to shut
down any construction project(s) found to be underway without proper authorization per the Lease requirements. A copy of KBS Construction Rules and Regulations is attached, to familiarize designers and contractors with Landlord requirements.
To help insure prompt approval, please provide the following: 
 Copies of all Building Permits required for the project prior to commencement of any
construction activities. If the work scope is such that no building permits are required under current San Jose, CA, the General Contractor shall provide our office with a statement, on their letterhead, stating such fact. 

Numbered list of contractors and subcontractors to be involved with the project, with the contact names and telephone numbers of key personnel. 

Two complete sets of professionally prepared Architectural and MEP drawings. Allow a minimum of 10 working days for Landlord review. The plans are
checked for general design concept only. It is the Tenant’s responsibility to comply with all governing codes, and all accepted engineering standards and practices. Note: Some projects may require independent review by the Landlord’s
architect. Slab penetrations, or installations where weight may be an issue, may also require review by the Landlord’s structural engineer. Costs associated with special review requirements may be billed to the tenant. Add extra time for any
additional reviews required. 
 Two sets of drawings incorporating the Landlord’s review comments to the Property Management Office, prior to
submission for permit. San Jose Permits division approvals are not, in and of themselves, authorization to proceed. Important: Construction bids that do not allow for Landlord’s requirements
may not reflect actual costs. General Contractors and Subcontractors should be given drawings and specifications with Landlord comments for bid purposes. 

Certificates of Insurance with the coverage limits and additional insured’s as required by the Landlord. Specific requirements may be obtained at the
Management Office. 

  
 B-1-11 

          Special Requirements or Waivers for this project (if
any): 
  
  

 
  
  

 

                     

Authorization and Notice to Proceed: 
 The Tenant Improvements
for
                                        
on the
                                        
floor(s), per the drawings and specifications dated         /    /         are approved for construction. 

Signed:                        
                                         
                                         
                                         
                                         
                              

Date:                      

 EXHIBIT C 

One Renewal Option at Market 

(a)    Provided that as of the time of the giving of the Renewal Notice and the Commencement Date of the Renewal Term (as
such terms are defined below), (x) Tenant is the Tenant originally named herein or an assignee pursuant to a Permitted Transfer, (y) Tenant or a sublessee pursuant to a Permitted Transfer actually occupies at least seventy-five percent (75%) of
the Rentable Area of the Premises initially demised under this Lease and any space added to the Premises, and (z) no event of default exists beyond applicable notice and cure periods; then Tenant shall have the right to extend the Lease Term
for an additional term of five (5) years (such additional term is hereinafter called the “Renewal Term”) commencing on the day following the expiration of the Lease Term (hereinafter referred to as the “Commencement
Date of the Renewal Term”). Tenant must give Landlord notice (hereinafter called the “Renewal Notice”) of its election to extend the term of the Lease Term at least nine (9) months, but not more than twelve
(12) months, prior to the scheduled expiration date of the Lease Term. 
 (b)    The Basic Annual Rent payable by
Tenant to Landlord during the Renewal Term shall be the Fair Market Rent, as defined and determined pursuant to Paragraph (c), Paragraph (d), and Paragraph (e) below. 

(c)    The term “Fair Market Rent” shall mean the Basic Annual Rent, expressed as an annual rent per
square foot of Rentable Area, which Landlord would have received from leasing the Premises for the Renewal Term to an unaffiliated person which is not then a tenant in the Project, assuming that such space were to be delivered in “as-is” condition, and taking into account the rental which such other tenant would most likely have paid for such premises, including market escalations taking into account the terms of the Lease. Fair
Market Rent means only the rent component defined as Basic Annual Rent in the Lease and does not include reimbursements and payments by Tenant to Landlord with respect to operating expenses and other items payable or reimbursable by Tenant under the
Lease, but such reimbursement and payments shall be considered in determining the Basic Annual Rent. In addition to its obligation to pay Basic Annual Rent (as determined herein), Tenant shall continue to pay and reimburse Landlord as set forth in
the Lease with respect to such operating expenses and other items with respect to the Premises during the Renewal Term. The arbitration process described below shall be limited to the determination of the Basic Annual Rent and shall not affect or
otherwise reduce or modify the Tenant’s obligation to pay or reimburse Landlord for such operating expenses and other reimbursable items. 

(d)    Landlord shall notify Tenant of its determination of the Fair Market Rent (which shall be made in Landlord’s
sole discretion) for the Renewal Term, and Tenant shall advise Landlord of any objection within thirty (30) days of receipt of Landlord’s notice. Failure to respond within the thirty (30) day period shall constitute Tenant’s
deemed objection to such Fair Market Rent. If Tenant objects (or is deemed to have objected), Landlord and Tenant shall commence negotiations to attempt to agree upon the Fair Market Rent within thirty (30) days of Landlord’s receipt of
Tenant’s notice (or within thirty (30) days after the expiration of the thirty-day period in the event of a deemed objection). If the parties cannot agree, each acting in good faith but without any
obligation to agree, then the arbitration procedure provided below to determine the Fair Market Rent shall be invoked. 

(e)    Arbitration to determine the Fair Market Rent shall be in accordance with the Real Estate Valuation Arbitration
Rules of the American Arbitration Association. Unless otherwise required by state law, arbitration shall be conducted in the metropolitan area where the Project is located by a single arbitrator unaffiliated with either party. Each party shall
send written notice to the other party and the Regional Office of the American Arbitration Association within ten (10) days after the thirty (30) day negotiating period provided in Paragraph (d), invoking the binding
arbitration provisions of this 

  
 C-1 

 
paragraph. Landlord and Tenant shall each submit to the arbitrator their respective proposal of Fair Market Rent. The arbitrator must choose between the Landlord’s proposal and the
Tenant’s proposal and may not compromise between the two or select some other amount. The cost of the arbitration shall be paid by Landlord if the Fair Market Rent is that proposed by Tenant and by Tenant if the Fair Market Rent is that
proposed by Landlord; and shall be borne equally otherwise. If the arbitrator has not determined the Fair Market Rent as of the end of the Lease Term, Tenant shall pay one hundred five percent (105%) of the Basic Annual Rent in effect under the
Lease as of the end of the Lease Term until the Fair Market Rent is determined as provided herein. Upon such determination, Landlord and Tenant shall make the appropriate adjustments to the payments between them. 

(f)    The parties consent to the jurisdiction of any appropriate court to enforce the arbitration provisions of this
Exhibit C and to enter judgment upon the decision of the arbitrator. 
 (g)    Except for the Basic Annual Rent
as determined above, Tenant’s occupancy of the Premises during the Renewal Term shall be on the same terms and conditions as are in effect immediately prior to the expiration of the initial Lease Term; provided, however, Tenant shall have no
further right to extend the Lease Term pursuant to this Exhibit C or to any allowances, credits or abatements or any options to expand, contract, terminate, renew or extend the Lease. 

(h)    If Tenant does not give the Renewal Notice within the period set forth in Paragraph (a) above,
Tenant’s right to extend the Lease Term shall automatically terminate. Time is of the essence as to the giving of the Renewal Notice and the notice of Tenant’s objection under Paragraph (d). 

(i)    Landlord shall have no obligation to refurbish or otherwise improve the Premises for the Renewal Term. The Premises
shall be tendered on the Commencement Date of the Renewal Term in “as-is” condition. 

(j)    If the Lease is extended for the Renewal Term, then Landlord shall prepare and Tenant shall execute an amendment to
the Lease confirming the extension of the Lease Term and the other provisions applicable thereto (the “Amendment”); provided, however, the failure of either party to execute such Amendment shall not void or nullify the Renewal Term.

 (k)    If Tenant exercises its right to extend the term of the Lease for the Renewal Term pursuant to this
Exhibit C, the defined term “Lease Term” as used in the Lease, shall be construed to include, when practicable, the Renewal Term except as provided in Paragraph (g) above. 

  
 C-2 

 EXHIBIT D 

Right of First Offer 

(a)    “Offered Space” shall mean any full floor in any building in the Project (it being agreed that
Landlord shall only be required to offer to Tenant full floors and Landlord is entitled to lease to third parties any partial floors without being obligated to offer to Tenant such partial floors to Tenant under this Exhibit D). 

(b)    Provided that as of the date of the giving of the First Offer Notice, (i) Tenant is the Tenant originally
named herein or an assignee pursuant to a Permitted Transfer, (ii) Tenant or a sublessee pursuant to a Permitted Transfer actually occupies at least seventy-five percent (75%) of the Rentable Area of the Premises originally demised under this
Lease and any premises added to the Premises, and (iii) no event of default has occurred and is continuing beyond any applicable notice and cure periods, if at any time during the Lease Term any portion of the Offered Space is vacant and
unencumbered by any rights of any third party, then Landlord, before offering such Offered Space to anyone, other than the tenant then occupying such space (or its affiliates), shall offer to Tenant the right to include the Offered Space within the
Premises on the same terms and conditions upon which Landlord intends to offer the Offered Space for lease; provided, however, in the event Landlord delivers the First Offer Notice prior to October 31, 2019, then (x) the term of the Lease
with respect to the Offered Space leased pursuant to the terms of such Offer Notice shall be coterminous with the Extension Term, (y) the Basic Annual Rent payable with respect to such Offered Space shall be equal to the same amounts (based on
per square foot of Rentable Area basis) required to be paid with respect to the Suite 600 Space for the same months during the Lease Term (i.e., the escalations of Basic Annual Rent shall occur at the same time as it is scheduled for the Suite 600
Space), and (z) the total amount of “Landlord’s Construction Allowance” that Landlord shall provide Tenant with respect to such Offered Space shall be equal to the product of (i) One Hundred Twenty-Five Dollars ($125.00),
multiplied by (ii) the total number of square feet of Rentable Area contained within such Offered Space, multiplied by (iii) a fraction, the numerator of which is the number of full calendar months remaining in the Extension Term from and
after the date Tenant is first obligated to pay Basic Annual Rent with respect to such Offered Space, and the denominator of which is 98. Notwithstanding anything to the contrary in the Lease, the right of first offer granted to Tenant under this
Exhibit D shall be subject and subordinate to (i) the rights of all tenants at the Project under existing leases, and (ii) the herein reserved right of Landlord to renew or extend the term of any lease with the tenant then occupying
such space (or any of its affiliates), whether pursuant to a renewal or extension option in such lease or otherwise. 

(c)    Such offer shall be made by Landlord to Tenant in a written notice (hereinafter called the “First Offer
Notice”) which offer shall designate the space being offered and shall specify the terms which Landlord intends to offer with respect to any such Offered Space. Tenant may accept the offer set forth in the First Offer Notice by
delivering to Landlord an unconditional acceptance (hereinafter called “Tenant’s Notice”) of such offer within five (5) business days after delivery by Landlord of the First Offer Notice to Tenant. Time shall
be of the essence with respect to the giving of Tenant’s Notice. If Tenant does not accept (or fails to timely accept) an offer made by Landlord pursuant to the provisions of this Exhibit D with respect to the Offered Space designated in
the First Offer Notice and execute the Amendment (defined below) within thirty (30) days after the delivery of the First Offer Notice, then, except as set forth in Paragraph (e) below, Landlord shall be under no further
obligation with respect to such space identified in the First Offer Notice by reason of this Exhibit D. 

(d)    Tenant must accept all Offered Space offered by Landlord at any one time if it desires to accept any of such
Offered Space and may not exercise its right with respect to only part of such space. 

  
 D-1 

 
In addition, if Landlord desires to lease more than just the Offered Space to one tenant, Landlord may offer to Tenant pursuant to the terms hereof all such space which Landlord desires to
lease, and Tenant must exercise its rights hereunder with respect to all such space and may not insist on receiving an offer for just the Offered Space. 

(e)    If Tenant does not accept (or fails to timely accept) an offer made by Landlord pursuant to the provisions of this
Exhibit D with respect to the Offered Space designated in the First Offer Notice, then Landlord shall be under no further obligation with respect to such space by reason of this Exhibit D; provided, however, in the event that Landlord has not
leased out the Offered Space and thereafter intends the Offered Space for terms that are materially less favorable to Landlord than those set forth in the First Offer Notice (it being understood and agreed that “materially less favorable”
shall mean that the net present value of the material economic terms of the modified transaction is at least ten percent (10%) less than the net present value of the material economic terms set forth in the First Offer Notice), Landlord agrees
that Tenant’s rights under this Exhibit D with respect to such Offered Space shall be reinstated and Landlord shall provide Tenant with a First Offer Notice if, as, and to the extent, required under the terms of this
Exhibit D. Additionally, if Tenant timely accepts such offer and fails to execute the ROFO Amendment (defined below) within thirty (30) days after the delivery of the First Offer Notice, then, at Landlord’s sole option,
Landlord shall be under no further obligation with respect to such space by reason of this Exhibit D. 

(f)    In the event that Tenant exercises its rights to any Offered Space pursuant to this Exhibit D, then Landlord
shall prepare, and Tenant shall execute, an amendment to the Lease which confirms such expansion of the Premises and the other provisions applicable thereto (the “ROFO Amendment”); provided, however, Landlord’s refusal to
execute the ROFO Amendment shall not void or nullify Tenant’s right to lease such Offered Space but Tenant’s refusal to execute the ROFO Amendment may, at Landlord’s option, void the Tenant’s right to lease the Offered
Space. 

  
 D-2 

 EXHIBIT E 

Fascia Sign Locations 
  

 

  
 E-1EX-10.1

 Exhibit 10.1 

FIRST AMENDED AND RESTATED ADVISORY AGREEMENT 

THIS FIRST AMENDED AND RESTATED ADVISORY AGREEMENT (this “Agreement”), dated as of
[                ], 2019, is entered into by and among InPoint Commercial Real Estate Income, Inc., a Maryland corporation (the “Company”),
InPoint REIT Operating Partnership, LP, a Delaware limited partnership of which the Company is the sole general partner (the “Operating Partnership”), and Inland InPoint Advisor, LLC, a Delaware limited liability company
(the “Advisor”). All references to the Company in this Agreement shall include the Company’s wholly-owned subsidiaries and, where applicable, the Operating Partnership. This Agreement amends and restates in its entirety
the Advisory Agreement dated October 25, 2016, by and among the Company, the Operating Partnership and the Advisor, and shall become effective as of the date the Company’s Registration Statement on Form
S-11 (Registration No. 333-[    ]) is initially declared effective (the “Effective Date”) by the Securities and Exchange
Commission (the “SEC”). 
 WITNESSETH: 

WHEREAS, the Company is a corporation formed under the Maryland General Corporation Law (the “MGCL”); 

WHEREAS, the Company through its interest in the Operating Partnership intends to invest primarily in (i) commercial real estate
debt, including first mortgage loans, subordinate mortgage and mezzanine loans, and participations in such loans, and (ii) commercial real estate securities, such as CMBS and unsecured debt of publicly-traded REITs; 

WHEREAS, the Company elected and intends to continue to elect to be taxed as a REIT (as defined below) for U.S. federal income tax
purposes; 
 WHEREAS, the Company and its subsidiaries including the Operating Partnership desire to avail themselves of the
experience, sources of information, advice, assistance and facilities available to the Advisor and to have the Advisor undertake the duties and responsibilities hereinafter set forth, on behalf of, and subject to the supervision of, the Board of
Directors (as defined below), all as provided herein; and 
 WHEREAS, the Advisor is willing to undertake to render these services,
subject to the supervision of the Board of Directors, on the terms and conditions hereinafter set forth. 
 NOW, THEREFORE, in
consideration of the mutual covenants set forth herein, the parties hereto agree as follows: 
 1.    Definitions.
As used herein, the following capitalized terms shall have the meanings set forth below: 
 “Acquisition Expenses” means any
and all expenses incurred by the Company, the Advisor, any Person engaged by the Advisor, including the Sub-Advisor, or any of the respective Affiliates of any of the foregoing in connection with selecting,
evaluating or acquiring any investments, regardless of whether the investment is acquired, including but not limited to legal fees and expenses, travel and communication, appraisals and surveys, nonrefundable option payments, accounting fees and
expenses, computer related expenses, architectural and engineering reports, environmental and asbestos audits and surveys, title insurance and escrow fees, and miscellaneous expenses. 

 “Advisor Nominee” means any individual designated pursuant to
Section 3(e) as a nominee to the Board of Directors by the Advisor or the Sub-Advisor, including without limitation, the Independent Director nominees. 

“Advisory Fee” means (i) prior to the NAV Pricing Date, the fee payable to the Advisor, the Sub-Advisor or their respective designees under Section 8(a) hereof and (ii) from and after the NAV Pricing Date, the fee payable to the Advisor, the
Sub-Advisor or their respective designees under Section 8(b) hereof. 

“Affiliate” or “Affiliates” means, with respect to any Person, (i) any Person directly or indirectly
owning, controlling or holding, with the power to vote, fifty percent (50.0%) or more of the outstanding voting securities of such other Person; (ii) any Person fifty percent (50.0%) or more of whose outstanding voting securities are directly
or indirectly owned, controlled or held, with the power to vote, by such other Person; (iii) any Person directly or indirectly controlling, controlled by or under common control with such other Person; (iv) any executive officer, director,
trustee, general partner or manager of such other Person; and (v) any legal entity for which such Person acts as an executive officer, director, trustee, general partner or manager. 

“Annual Total Return” means, as further described in Section 8(a), the investment return provided
to Stockholders, which shall be calculated independently for each class of Shares, and shall be equal to, for all such Shares outstanding during the calendar year (or such other applicable period), the sum of (i) Declared Distributions per
Share over the calendar year (or such other applicable period) plus (ii) change in NAV per Share over the calendar year (or such other applicable period). 

“Annual Total Return Percentage” means, as further described in Section 8(a), the Annual Total
Return divided by the NAV per Share of the applicable class of Shares at the beginning of the applicable time period. 

“Application Fees” has the meaning set forth in Section 8(c). 

“Average Invested Assets” means, for any specified period, the average of the aggregate book value of the assets of the
Company, including all intangibles and goodwill, invested, directly or indirectly, in equity interests in Real Property and all Real Estate-Related Assets or other securities and consolidated and unconsolidated Joint Ventures or other partnerships,
before non-cash charges such as depreciation, amortization, impairments, bad debt reserves or other non-cash reserves, computed by taking the average of these values at
the end of each month during the specified period. 
 “Board of Directors” means the persons holding the office of director
of the Company as of any particular time under the Charter. 
 “Business Day” means any day other than Saturday, Sunday or
any other day on which national banks are required or are authorized to be closed in Chicago, Illinois or New York, New York. 

“Bylaws” means the bylaws of the Company, as amended or restated from time to time. 

“Change of Control ” means a change of control of the Company of a nature that would be required to be reported in
response to the disclosure requirements of Schedule 14A of Regulation 14A promulgated under the Exchange Act, as enacted and in force on the date hereof, whether or not the Company is then subject to such reporting
requirements; provided, however, that, without limitation, a Change of Control shall be deemed to have occurred if: (i) any “person” (within the meaning of Section 13(d) of the Exchange Act, as enacted and in
force on the date hereof) is or becomes the “beneficial owner” (as that term is defined 

  
 2 

 
in Rule 13d-3, as enacted and in force on the date hereof, under the Exchange Act) of securities of the Company representing 9.8% or more of the
combined voting power of the Company’s securities then outstanding; (ii) there occurs a merger, consolidation or other reorganization of the Company that is not approved by the Board of Directors; (iii) there occurs a sale, exchange,
transfer or other disposition of substantially all the assets of the Company to another Person, which disposition is not approved by the Board of Directors; or (iv) there occurs a contested proxy solicitation of the Stockholders that results in
the contesting party electing candidates to a majority of the Board of Directors’ positions next up for election. 

“Charter” means the articles of incorporation of the Company, as amended or restated from time to time. 

“Class P Shares” means shares of the Company’s $.001 par value common stock that have been designated
as Class P. 
 “CMBS” means commercial mortgage backed securities. 

“Code” means the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder or corresponding
provisions of subsequent revenue laws. 
 “Control Persons” has the meaning set forth in
Section 14. 
 “CRE CLO” means commercial real estate collateralized loan obligations. 

“Dealer Manager” means Inland Securities Corporation, a Delaware corporation, or any of its successors or assigns. 

“Dealer Manager Agreement” means the dealer manager agreement then in effect between the Company and the Dealer Manager with
respect to the distribution of Shares in the Private Placement or any Public Offering. 
 “Dealer Manager Fee” means the
dealer manager fee payable to the Dealer Manager as described in the Memorandum or Prospectus, as applicable. 
 “Declared
Distributions” means the aggregate Distributions payable for the applicable period. 
 “Distributions” means
any distributions (as such term is defined in Section 2-301 of the MGCL) of money or other property, pursuant to the Charter, by the Company to owners of Equity Stock, including distributions that may
constitute a return of capital for federal income tax purposes. 
 “Draw Request Fees” has the meaning set forth in
Section 8(c). 
 “Elected Deferred Amounts” has the meaning set forth in Section 8(g)(ii).

 “Equity Stock” means all classes or series of capital stock of the Company authorized under the Charter, including,
without limit, any class or classes of common stock, $.001 par value per share, and any class or classes of preferred stock, $.001 par value per share. 

“Excess Amount” has the meaning set forth in Section 11(b). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Expense Year” has the meaning set forth in Section 11(b). 

  
 3 

 “Fiscal Year” means the calendar year ending December 31. 

“Fixed Component” means (i) prior to the NAV Pricing Date, the fee payable to the Advisor, the Sub-Advisor or their respective designees under Section 8(a)(i) hereof and (ii) from and after the NAV Pricing Date, the fee payable to the Advisor, the
Sub-Advisor or their respective designees under Section 8(b)(i) hereof. 

“GAAP” means generally accepted accounting principles as in effect in the United States of America from time to time or any
other accounting basis mandated by the Securities and Exchange Commission. 
 “Gross Offering Proceeds” means the aggregate
purchase price of Shares sold in any Offering, without deduction for volume discounts or Organization and Offering Expenses of any Offering. 

“Independent Director” means any director of the Company who is an “Independent Director” for purposes of the
Charter. 
 “Initial Public Offering” means the Company’s offering of Shares of its common stock in an initial Public
Offering, which shall commence following the commencement of the Private Placement. 
 “Inland” means Inland Business
Manager & Advisor Group, Inc., a Delaware corporation that is the parent company of the Advisor. 
 “Invested
Assets” means the sum of (i) the aggregate amount invested by the Company in Investments (including for the avoidance of doubt, any amounts invested that are derived from leverage), plus (ii) the Company’s cash and cash
equivalents. Following the NAV Pricing Date, (a) subsection (i) shall include for those Investments that have been valued in accordance the Company’s determination of NAV, such value and (b) subsection (i) shall include for those
Investments that have not been valued in accordance with the Company’s determination of NAV, the cost of such Investments. 

“Investment Company Act” means the Investment Company Act of 1940, as amended. 

“Investment Guidelines” means the investment guidelines adopted by the Board of Directors, as amended from time
to time, pursuant to which the Advisor, or, if delegated to the Sub-Advisor, the Sub-Advisor, has discretion to originate, acquire and dispose of Investments for the Company without the prior approval of the
Board of Directors. 
 “Investments” means any investments by the Company in Real Property, Real Estate-Related Assets and
all other investments in which the Company may acquire an interest, either directly or indirectly, including through ownership interests in a Joint Venture. 

“Issuer Costs” means all expenses, other than underwriting compensation, incurred by or on behalf of the Company, and to be
paid from the assets of the Company, in connection with and in preparing the Company for registration (with respect to any Public Offering) or qualification for an exemption from registration (with respect to the Private Placement) and offering its
Shares to investors, including, but not limited to, reimbursing the Dealer Manager and participating soliciting dealers for bona fide out-of-pocket, itemized and
detailed due diligence expenses incurred by these entities, expenses for printing, engraving and mailing, charges of transfer agents, registrars, trustees, escrow holders, depositaries and experts, reasonable expenses relating to attending
educational meetings and conferences (with respect to the Advisor, however, solely the reasonable expenses of attending such meetings and conferences incurred by the Chief Executive Officer of the Advisor), expenses of qualifying the sale of the
Shares under federal and state laws, including taxes and fees and accountants’ and attorneys’ fees and expenses. 

  
 4 

 “Joint Venture” means a joint venture, limited liability company,
corporation or partnership arrangement (excluding the Operating Partnership) in which the Company, or any subsidiary thereof, is a co-venturer, member, stockholder or partner with one or more other Persons or
an entity, which acquires, owns or manages Real Property or Real Estate-Related Assets. 
 “Liquidity Event” means a Sale
of all or substantially all of the Investments, a listing of the Shares on a national securities exchange or any merger, reorganization, business combination, share exchange or acquisition or other similar transaction by any Person or related group
of Persons of beneficial ownership of all or substantially all of the Shares in one or more related transactions, or another similar transaction involving the Company, pursuant to which the Stockholders receive cash or the securities of another
issuer that are listed on a national securities exchange, as full or partial consideration for their Shares. 
 “Loan Administrative
Fees” has the meaning set forth in Section 8(c). 
 “Loan Origination Fees” has the meaning set forth in
Section 8(c). 
 “Memorandum” means the Company’s confidential private placement memorandum relating to the offer
and sale of up to $500 million of Class P Shares in the Private Placement. 
 “MGCL” has the meaning set forth in
the recitals. 
 “NASAA REIT Guidelines” means the Statement of Policy Regarding Real Estate Investment Trusts published by
the North American Securities Administrators Association on May 7, 2007, and in effect on the Effective Date. 

“NAV” means the Company’s net asset value, calculated pursuant to the Valuation Guidelines. Until the NAV Pricing
Date, the NAV per share for each class of Shares shall be deemed to be $25.00. 
 “NAV Pricing Date” means the date of the
initial calculation of the NAV for each class of Shares, which will occur upon the earlier of: (1) October 24, 2019 or (2) the 90th day after the Effective Date, or such earlier
date as the Advisor shall determine if the Advisor determines such calculation shall be performed earlier. 
 “Net
Income” means, for any period, the aggregate amount of total revenues applicable to the period, less the total expenses applicable to the same period other than additions to, or allowances for,
non-cash charges such as depreciation, amortization, impairments and bad debt reserves and excluding any gain from any Sale. 

“Offering” means any Private Placement or Public Offering. 

“Organization and Offering Expenses” means the aggregate of all Issuer Costs, plus all underwriting compensation (including
without limitation Selling Commissions, Dealer Manager Fees and Stockholder Servicing Fees) incurred in any particular Offering. 

“Performance Component” means (i) prior to the NAV Pricing Date, the fee payable to the Advisor, the Sub-Advisor or their respective designees under Section 8(a)(ii) hereof and (ii) from and after the NAV Pricing Date the fee payable to the Advisor, the
Sub-Advisor or their respective designees under Section 8(b)(ii) hereof. 

  
 5 

 “Person” means any individual, corporation, partnership, estate, trust
(including a trust qualified under Sections 401(a) or 501(c)(17) of the Code), a portion of a trust permanently set aside for or to be used exclusively for the purposes described in Section 642(c) of the Code, association, private
foundation within the meaning of Section 509(a) of the Code, joint stock company or other entity and also includes a group as that term is used for purposes of Section 13(d)(3) of the Exchange Act, or any successor statute thereto and a
group to which an Excepted Holder Limit (as defined in the Charter) applies. 
 “Priority Return Percentage” has
(i) the meaning set forth in Section 8(a)(ii)) prior to the NAV Pricing Date and (ii) the meaning set forth in Section 8(b)(ii) from and after the NAV Pricing Date. 

“Private Placement” means the unregistered private Offering of Class P Shares by the Company pursuant to the Memorandum.
“Prospectus” has the meaning set forth in Section 2(10) of the Securities Act, including a preliminary prospectus, an offering circular as described in Rule 253 of the general rules and regulations under the Securities Act, or,
in the case of an intrastate offering, any document by whatever name known, utilized for the purpose of offering and selling Shares to the public in an Offering. 

“Public Offering” means a public offering of Shares pursuant to the applicable Prospectus, as amended and supplemented from
time to time. 
 “Real Estate Loans” means any indebtedness or obligations in respect of borrowed money backed
principally by real estate, such as mortgage, mezzanine, bridge and other loans. 
 “Real Estate Manager” means any Person
engaged by the Company or the Operating Partnership to manage any Real Property, including Inland Commercial Real Estate Services, LLC, a Delaware limited liability company, or any of its successors or assigns, or other entities Affiliated with the
Advisor. 
 “Real Estate-Related Assets” means any investments by the Company or the Operating Partnership in Real Estate
Loans and Real Estate-Related Securities. 
 “Real Estate-Related Securities” means commercial real estate securities, such
as CMBS, unsecured debt of publicly-traded REITs and CRE CLO notes. 
 “Real Property” means land, rights or interests in
land (including, but not limited to, leasehold interests), and any buildings, structures, improvements, furnishings, fixtures and equipment located on, or used in connection with, land and rights or interest in land, in each case owned or to be
owned by the Company either directly or indirectly through one or more Affiliates, Joint Ventures, partnerships or other legal entities. 

“Registration Statement” means any registration statement on Form S-11 the Company
may file with regard to a Public Offering, as amended from time to time, and the Prospectus contained therein. 
 “REIT”
means a corporation, trust, association or other legal entity (other than a real estate syndication) that is engaged primarily in investing in equity interests in real estate (including fee ownership and leasehold interests) or in loans secured by
real estate or both as defined pursuant to the REIT Provisions of the Code. 
 “REIT Provisions of the Code” means
Sections 856 through 860 of the Code and any successor or other provisions of the Code relating to REITs (including provisions as to the attribution of ownership of beneficial interests therein) and the regulations promulgated thereunder. 

  
 6 

 “Sale” or “Sales” means: 

 

	 	(i)	 any transaction or series of transactions whereby: 

 

	 	(a)	 the Company or the Operating Partnership directly or indirectly, including through any Affiliate (except as
described in other subsections of this definition), sells, grants, transfers, conveys or relinquishes its ownership of any Investment or portion thereof, including the sale-leaseback of any Real Property, and including any event with respect to any
Investment which gives rise to a significant amount of insurance proceeds or condemnation awards; 

  

	 	(b)	 the Company or the Operating Partnership directly or indirectly, including through any Affiliate (except as
described in other subsections of this definition) sells, grants, transfers, conveys or relinquishes its ownership of all or substantially all of the interest of the Company or the Operating Partnership in any Joint Venture in which it is a co-venturer or partner; 

  

	 	(c)	 the Company or the Operating Partnership directly or indirectly, including through any Affiliate (except as
described in other subsections of this definition) sells, grants, conveys or relinquishes its interest in any Real Estate Loan or portion thereof, including any payments thereunder or in satisfaction thereof (other than regularly scheduled interest
payments) or any amounts owed pursuant to such Real Estate Loan, and including any event with respect to any Real Estate Loan which gives rise to a significant amount of insurance proceeds or similar awards; or 

 

	 	(d)	 the Company or the Operating Partnership directly or indirectly, including through any Affiliate (except as
described in other subsections of this definition) sells, grants, transfers, conveys or relinquishes its ownership of any other asset not previously described in this definition or any portion thereof; but 

 

	 	(ii)	 not including any transaction or series of transactions specified in clause (i)(a) through (d) above in
which the proceeds of such transaction or series of transactions are reinvested by the Company in one or more assets within 180 days thereafter. 

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

“Selling Commissions” means, in any Offering, any and all selling commissions payable to underwriters, dealer managers or
other broker-dealers in connection with the sale of any Shares, including, without limitation, commissions payable to the Dealer Manager. 

“Shares” means any shares of common stock, par value $.001 per share, of the Company, and “Share” means one of
those Shares. 
 “Stockholder Servicing Fee” means the stockholder servicing fees payable to the Dealer Manager as
described in any Prospectus. 
 “Stockholders” means the holders of record of the Equity Stock, including the Shares, as
maintained in the books and records of the Company or its transfer agent. 

“Sub-Advisor” means SPCRE InPoint Advisors, LLC, a Delaware limited liability
company. 

  
 7 

 “Sub-Advisory Agreement” means that
certain Sub-Advisory Agreement between the Advisor and the Sub-Advisor, dated as of the date hereof, as amended from time to time. 

“Termination Date” means the date of termination of this Agreement. 

“Total Operating Expenses” means all costs and expenses paid or incurred by the Company, as determined under GAAP, that are
in any way related to the operation of the Company or its business, including the Advisory Fee, but excluding: (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage,
listing, registration, and other fees, printing and other such expenses and taxes incurred in connection with the issuance, distribution, transfer and registration and listing of shares of the Equity Stock, (ii) interest payments,
(iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines; (vi) acquisition fees
and Acquisition Expenses, (vii) real estate commissions on the Sale of Real Property, (viii) expenses incurred at each Real Property, including expenses and fees payable under the Company’s agreement with any Real Estate Manager, and
(ix) other fees and expenses connected with the acquisition, disposition, management and ownership of Investments or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair, and improvement of
property). The definition of “Total Operating Expenses” set forth above is intended to encompass only those expenses which are required to be treated as Total Operating Expenses under the NASAA REIT Guidelines. As a result, and
notwithstanding the definition set forth above, any expense of the Company which is not part of Total Operating Expenses under the NASAA REIT Guidelines shall not be treated as part of Total Operating Expenses for purposes hereof. 

“Valuation Guidelines” means the valuation guidelines adopted by the Board of Directors, as may be amended from time to time.

 “2%/25% Guidelines” has the meaning set forth in Section 11(b) hereof. 

2.    Duties of the Advisor. The Advisor shall consult with the Company and its Board of Directors and shall furnish
advice and recommendations with respect to all aspects of the business and affairs of the Company and its subsidiaries, including the Operating Partnership. The Advisor shall inform the Board of Directors of factors that come to the Advisor’s
attention that may, in its opinion, influence the policies of the Company. Subject to the supervision of the Board of Directors and consistent with the provisions of the Charter, the Advisor, directly or indirectly through an Affiliate, the Sub-Advisor or third parties supervised by the Advisor, shall use commercially reasonable efforts to: 

(a)    identify potential opportunities for Investments consistent with the Company’s investment objectives and
policies, including but not limited to: 
  

	 	(i)	 locate, analyze and select potential Investments; 

 

	 	(ii)	 structure and negotiate the terms and conditions of acquisition and disposition transactions;

  

	 	(iii)	 arrange financing and refinancing or other changes in the asset or capital structure of the Company as well as
the reinvesting of proceeds from the Sale of, or otherwise deal with the Investments in, Real Property and Real Estate-Related Assets; and 

  

	 	(iv)	 oversee material leases and service contracts related to Real Property. 

  
 8 

 (b)    manage the Company’s day-to-day operations, consistent with the investment objectives and policies established by the Board of Directors from time to time, including hiring and supervising Company employees, if any; 

(c)    investigate and conduct relations with lenders, consultants, accountants, brokers, third party asset managers,
attorneys, underwriters, appraisers, insurers, corporate fiduciaries, banks, builders and developers, sellers and buyers of investments and persons acting in any other capacity specified by the Company from time to time, and enter into contracts in
the name of the Company or the Operating Partnership with, and retain and supervise services performed by, such parties in connection with investments that have been or may be acquired or disposed of by the Company or the Operating Partnership; 

(d)    cooperate with any Real Estate Manager in connection with real estate management services and other activities
relating to the Company’s Real Property, subject to any requirement under the laws, rules and regulations affecting REITs that the Advisor or any Real Estate Manager, as the case may be, qualifies as an “independent contractor” as
that phrase is used in connection with applicable laws, rules and regulations affecting REITs; 
 (e)    make investments
in, and dispositions of, Investments approved by the Board of Directors or within the discretionary limits and authority as granted by the Board of Directors pursuant to the Investment Guidelines, and upon request of the Company, act, or obtain the
services of others to act, as attorney-in-fact or agent of the Company in making, acquiring and disposing of investments, disbursing and collecting funds in connection
with any origination, acquisition or disposition, paying the debts and fulfilling the obligations of the Company and handling, prosecuting and settling any claims of the Company, including foreclosing and otherwise enforcing mortgage and other liens
and security interests securing Investments; 
 (f)    provide the Board of Directors with updates on Investments made by
the Company that are within the discretionary limits and authority as granted by the Board of Directors pursuant to the Investment Guidelines, and provide the Board of Directors with research and other statistical data and analysis in connection
with Investments to be approved by the Board of Directors as a result of such Investments being outside the discretionary limits and authority as granted by the Board of Directors pursuant to the Investment Guidelines; 

(g)    assist in negotiations on behalf of the Company with investment banking firms and other institutions or investors
for public or private sales of Equity Stock or for other financing on behalf of the Company, provided that in no event may the Advisor or the Sub-Advisor act as a broker, dealer or underwriter of, or for, the
Company; provided, however, that any fees and costs payable to third parties incurred by the Advisor or the Sub-Advisor in connection with the foregoing shall be the responsibility of the Company; 

(h)    maintain, with respect to any Real Property and to the extent available, title insurance or other assurance of title
and customary fire, casualty and public liability insurance; 
 (i)    coordinate placement of casualty and public
liability insurance and directors’ and officers’ insurance; 
 (j)    except as otherwise provided by the
Company, provide office space, equipment and personnel as required for the performance of the foregoing services as the Advisor; 

(k)    advise the Board of Directors, from time to time, of the Company’s operating results; 

  
 9 

 (l)    coordinate preparation, with any Real Estate Manager, of an
operating budget and such other reports as may be appropriate for each Real Property owned by the Company; 

(m)    prepare, on behalf of the Company, and supervise the filing of all reports required by the Securities and Exchange
Commission, including without limitation Current Reports on Form 8-K, Quarterly Reports on Form 10-Q and Annual Reports on
Form 10-K, and all reports and returns required by the Internal Revenue Service, other state or federal governmental agencies or other Company vendors relating to the Company and its operations, including
specifically its compliance with the REIT Provisions of the Code; 
 (n)    prepare, on behalf of the Company, and
supervise the distribution of reports to Stockholders, and act on behalf of the Company to communicate with Stockholders, brokers, dealers, financial advisors and custodians, whether by in person, written, electronic or telephonic means; 

(o)    arrange for, and plan, the Company’s annual meetings of Stockholders; 

(p)    supervise communications with the Company’s transfer agent; 

(q)    maintain the Company’s books and records including, but not limited to, appraisals and fairness opinions
obtained in connection with acquiring or disposing of Investments if such reports are necessary; 
 (r)    assist the
Board of Directors in evaluating Sales and Liquidity Events, including without limitation: (i) performing due diligence in connection with investigating potential Sales or Liquidity Events; (ii) selecting and conducting relations with
experts, investment banking firms and potential acquirers of Real Property and Real Estate-Related Assets, among others; (iii) preparing investment and other strategic models regarding Sales and Liquidity Events for evaluation by the Board of
Directors; and (iv) preparing written reports and making presentations regarding potential Sales and Liquidity Events to the Board of Directors; 

(s)    administer the Company’s bookkeeping and accounting functions, including without limitation:
(i) establishing and implementing accounting and financial reporting procedures, processes and policies; (ii) maintaining the Company’s general ledger and sub ledgers; (iii) recording Investments and any funding of indebtedness;
(iv) performing accounting research; (v) budgeting, forecasting and analyzing the Company’s performance; (vi) assisting in selecting and implementing accounting and financial system software; (vii) overseeing platform
accounting functions and practices; (viii) reporting to the Board of Directors and the audit committee thereof; (ix) monitoring the Company’s compliance with The Sarbanes–Oxley Act of 2002, as amended, and the effectiveness
of the Company’s internal controls; (x) monitoring and ensuring compliance with ratios and covenants set forth in the loan documents for any debt financing; (xi) providing required monthly, quarterly and annual financial reporting, as
applicable, to the Company’s lenders; and (xii) ensuring proper accounting treatment for derivative instruments; 

(t)    undertake and perform all services or other activities necessary and proper to carry out the Company’s
investment objectives, including providing secretarial, clerical and administrative assistance for the Company and maintaining the Company’s website; 

(u)    from time to time, or at any time reasonably requested by the Board of Directors, make reports to the Board of
Directors of its performance of services to the Company under this Agreement, including reports with respect to potential conflicts of interest involving the Advisor, the Sub-Advisor or any of their respective
Affiliates; 

  
 10 

 (v)    administer the valuation of Investments and the calculation of
the NAV per share for each class of Shares outstanding in accordance with the Valuation Guidelines, including supervising any third parties engaged by the Board of Directors to assist with this process and report on compliance with the Valuation
Guidelines to the Board of Directors; 
 (w)    select Joint Venture partners, if and as appropriate for the Company,
structure corresponding agreements and oversee and monitor these relationships; 
 (x)    evaluate and recommend to the
Board of Directors, if and as appropriate for the Company, hedging strategies and modifications thereto in effect and cause the Company to engage in overall hedging strategies consistent with the Company’s status as a REIT and with the
Company’s investment policies approved by the Board of Directors; 
 (y)    advise the Company regarding the
maintenance of the Company’s exception from the Investment Company Act and monitor compliance with the requirements for maintaining an exception from such act; 

(z)    advise the Company regarding the Company’s ability to elect REIT status, and thereafter maintenance of the
Company’s status as a REIT, and monitor compliance with the various REIT qualification tests in the REIT Provisions of the Code; 

(aa)     take all necessary actions to enable the Company and the Operating Partnership to make required tax filings
and reports, including soliciting Stockholders for required information to the extent provided by the REIT Provisions of the Code; 

(bb)    cause the Company and the Operating Partnership to qualify to do business in all applicable jurisdictions and to
obtain and maintain all appropriate licenses; 
 (cc)    handle and resolve all claims, disputes or controversies
(including all litigation, arbitration, settlement or other proceedings or negotiations) in which the Company and the Operating Partnership may be involved or to which the Company and the Operating Partnership may be subject, arising out of the
Company’s or the Operating Partnership’s day-to-day operations, subject to such limitations or parameters as may be imposed from time to time by the Board of
Directors; 
 (dd)    use commercially reasonable efforts to cause the Company and the Operating Partnership to comply
with all applicable laws; and 
 (ee)    perform such other services as may be required from time to time for the
management and other activities relating to the Company’s and the Operating Partnership’s respective business and assets as the Board of Directors shall reasonably request or the Advisor shall deem appropriate under the particular
circumstances. 
 3.    Authority of Advisor. 

(a)    Pursuant to the terms of this Agreement (including the restrictions included in this
Section 3 and in Section 5), and subject to the continuing and exclusive authority of the Board of Directors over the supervision of the Company, the Company, acting on the authority of the Board
of Directors, hereby delegates to the Advisor the authority to take, or cause to be taken, any and all actions and to execute and deliver any and all agreements, certificates, assignments, instruments or other documents and to do any and all things
that, in the judgment of the Advisor, may be necessary or advisable in connection with the Advisor’s duties described in Section 2 hereof, including the making of any Investment that fits within the Investment
Guidelines. 

  
 11 

 (b)    Notwithstanding the foregoing, any investment in an Investment
that does not adhere to the Investment Guidelines will require the prior approval of the Board of Directors or any duly authorized committee of the Board of Directors, as the case may be. 

(c)    If a transaction requires approval by the Independent Directors, the Advisor will deliver, or cause the Sub-Advisor to deliver, to the Independent Directors all documents and other information reasonably required by them to evaluate properly the proposed transaction. 

(d)    The Board of Directors may, at any time upon the giving of written notice to the Advisor, amend the Investment
Guidelines or modify or revoke the authority set forth in this Section 3; provided, however, that such modification or revocation shall be effective upon receipt by the Advisor or such later date as is
specified by the Board of Directors and included in the written notice provided to the Advisor and such modification or revocation shall not be applicable to investment transactions to which the Advisor or any third-party engaged by the Advisor,
including the Sub-Advisor, has committed the Company or the Operating Partnership prior to the date of receipt by the Advisor of such notification, or if later, the effective date of such modification or
revocation specified by the Board of Directors. 
 (e)    During the term of this Agreement, the Board of Directors shall
at all times be comprised of no fewer than five (5) individuals, subject to the Charter and Bylaws. The Advisor and the Sub-Advisor shall each have the right to designate for nomination, subject to the
approval of such nomination by the Board of Directors, one (1) director to the slate to be voted on by the Stockholders; provided, however, that in the event the number of directors constituting the Board of Directors is increased by a vote of
the Board of Directors pursuant to the Charter and Bylaws, such number of director nominees to which each of the Advisor and the Sub-Advisor is entitled shall be increased as necessary by a number that will
result in such nominees representing not less than 20% of the total number of directors. 
 The Advisor and the Sub-Advisor, after consulting with each other, will have the right to jointly designate for nomination, subject to approval of such nomination by the Board of Directors, three (3) individuals to serve as
Independent Directors; provided however, that in the event the number of directors constituting the Board of Directors is increased by a vote of the Board of Directors pursuant to the Charter and Bylaws, such number of Independent Director
nominees to which the Advisor and the Sub-Advisor are entitled shall be increased as necessary by a number that will result in such nominees representing not less than the minimum number of Independent
Directors required under applicable law and pursuant to the Charter and Bylaws. 
 The Advisor will provide, or, if such Advisor Nominee was
designated for nomination by the Sub-Advisor, request that the Sub-Advisor provide, the Board of Directors with such information about each Advisor Nominee as is
reasonably requested by the Board of Directors in order to comply with applicable disclosure rules, including without limitation, any information that a stockholder of the Company must provide to the Company in order to nominate a director under the
Bylaws. 
 If a vacancy on the Board of Directors arises as a result of the death, disability or retirement, resignation or removal of an
Advisor Nominee and such vacancy results in the number of Advisor Nominees then serving on the Board of Directors being less than the number that each of the Advisor and the Sub-Advisor are then entitled to
designate for nomination to the Board of Directors, the Advisor or the Sub-Advisor, as applicable, shall be entitled to designate for nomination an Advisor Nominee to fill such a vacancy subject to approval by
the Board of Directors. 

  
 12 

 4.    No Partnership or Joint Venture. The Company and the Advisor
are not, and shall not be deemed to be, partners or Joint Venturers with each other. 
 5.    Limitations on
Activities. Notwithstanding any other provision of this Agreement to the contrary, the Advisor shall refrain from taking any action that, in its reasonable judgment or in any judgment of the Board of Directors of which the Advisor has prior
written notice, would adversely affect the qualification of the Company as a REIT under the Code, subject the Company to regulation under the Investment Company Act or that would violate in any material respect any law, rule or regulation of any
governmental body or agency having jurisdiction over the Company, its Equity Stock or its Investments, or that would otherwise not be permitted by the Charter. If any such action is ordered by the Board of Directors, the Advisor shall promptly
notify the Board of Directors that, in the Advisor’s judgment, the action would adversely affect the Company’s, or the Operating Partnership’s, status as a REIT, exemption from regulation under the Investment Company Act or violate
any law, rule or regulation or the Charter, and that the Advisor shall refrain from taking such action pending further clarification or instruction from the Board of Directors. 

6.    Bank Accounts. At the direction of the Board of Directors or the officers of the Company, the Advisor shall
establish and maintain bank accounts in the name of the Company, and shall collect and deposit into and disburse from such accounts moneys on behalf of the Company, upon such terms and conditions as the Board of Directors may approve, provided that
no funds in any such account shall be commingled with funds of the Advisor. The Advisor shall, from time to time, as the Board of Directors or the officers of the Company may require, render appropriate accountings of such collections, deposits and
disbursements to the Board of Directors and to the Company’s auditors. 
 7.    Fidelity Bond. The Advisor
shall not be required to obtain or maintain a fidelity bond in connection with performing its services hereunder. 

8.    Compensation. Subject to the provisions of this Agreement, including Section 11
hereof, and in addition to any compensation for additional services that may be paid pursuant to Section 10 hereof, the Company shall compensate the Advisor or its designees (including the
Sub-Advisor) for services rendered hereunder, as follows: 
 (a)    Advisory
Fee (Pre-NAV Pricing Date). Prior to the NAV Pricing Date, the Advisory Fee will be comprised of two separate components: (1) a fixed component payable quarterly (the “Fixed
Component”); and (2) a performance component payable annually (the “Performance Component”), each calculated as follows. 
  

	 	(i)	 The Fixed Component shall be equal to 1/4th of 1.5% of the
average Invested Assets for each quarter, and paid quarterly in arrears. 

  

	 	(ii)	 The annual Performance Component shall be calculated on the basis of the Annual Total Return of each class of
Shares in any calendar year, such that for any year in which the Annual Total Return Percentage per share for such class exceeds 7.0% per annum (the “Priority Return Percentage”), the Performance Component will equal 20% of the
difference between the Annual Total Return Percentage and the Priority Return Percentage allocable to such class, multiplied by NAV at the beginning of the applicable period for such class, multiplied by the outstanding number of Shares of such
class at the end of the applicable period; provided that in no event will the Performance Component exceed 15% of the Annual Total Return allocable to such class for such year. 

  
 13 

 Notwithstanding the foregoing, the NAV thresholds for each class of Shares are also subject
to adjustment by the Board of Directors to account for any stock dividend, stock split, recapitalization or any other similar change in the Company’s capital structure or any Distributions that the Board of Directors has deemed to be a return
of capital to the applicable class of Stockholders. If the Performance Component is payable with respect to any class of Shares pursuant to this Section 8(a), the Advisor will be entitled to such payment even in the event
that the Annual Total Return Percentage to the Stockholders of such class (or any particular Stockholder) over any longer or shorter period has been less than the Priority Return Percentage. The performance of the Company in any future period shall
not in any way impact the amount of any Advisory Fee payable to the Advisor for prior periods, and the Advisor shall have no obligation to return any portion of any Advisory Fee paid to it or any other Person as a result of the Company’s
performance in any such future period. The Performance Component may be earned in a given period for one or more of the Company’s classes of common stock.

For these purposes only, the NAV of each class of Shares shall be (i) $25.00; (ii) the actual value accorded to each class of Shares in
connection with any merger or sale of the Company or its assets; or (iii) if any class of Shares is listed on a national securities exchange, the volume weighted average closing price of such Shares for the last thirty (30) trading days of
the current year, or such shorter period as such Shares have been “listed” during the current year. 
 The Performance Component
is payable promptly after the audited financial statements for each calendar year become available, provided that, if this Agreement or its term expires without renewal prior to December 31 of any calendar year, then the Performance Component
for such partial year shall be payable promptly after the Company files its unaudited financial statements on Form 10-Q for the quarter that includes the Termination Date. The Performance Component shall be
payable for each calendar year in which this Agreement is in effect, even if the Agreement is in effect for less than a full calendar year. 

(b)    Advisory Fee (Post-NAV Pricing Date). From and after the NAV Pricing
Date, the Advisory Fee will be comprised of two separate components: (1) a fixed component payable monthly (the “Fixed Component”); and (2) a performance component payable annually (the “Performance
Component”), each calculated as follows. 
  

	 	(i)	 The Fixed Component shall be equal to 1/12th of 1.25% of
average Invested Assets for each month, paid monthly in arrears; provided, however, with respect to any month, the Fixed Component shall not exceed 1/12th of 2.50% of the Company’s average
NAV as determined by taking the average of (x) the Company’s NAV at the end of such month and (y) the Company’s NAV at the end of the immediately prior month, before giving effect to any accruals for the Fixed Component, the
Performance Component, the Stockholder Servicing Fee or any Distributions. The average Invested Assets for each month shall be computed by taking the average of (x) the Invested Assets at the end of such month and (y) the Invested Assets
at the end of the immediately prior month. 

  

	 	(ii)	 The Performance Component shall be calculated on the basis of the Annual Total Return of each class of Shares
in any calendar year, such that for any year in which 

  
 14 

	 	
the Annual Total Return Percentage per share for such class exceeds 7.0% per annum (the “Priority Return Percentage”), the Performance Component will equal 20% of the difference
between the Annual Total Return Percentage and the Priority Return Percentage allocable to such class, multiplied by NAV at the beginning of the applicable period for such class, multiplied by the outstanding number of Shares of such class at the
end of the applicable period; provided that in no event will the Performance Component exceed 15% of the Annual Total Return allocable to such class for such year. In the event the NAV per share decreases below $25.00 for any class of Shares
during the measurement period, any subsequent increase in such NAV per share to $25.00 (or such other adjusted number) shall not be included in the calculation of the Performance Component with respect to that class, provided that the Board of
Directors may decrease this threshold if (i) there has been a fundamental and unexpected change in the overall real estate market and (ii) the Board of Directors, including a majority of Independent Directors, has determined that such
change is necessary to appropriately incent the Advisor to perform in a manner that maximizes stockholder value and is in the best interests of the Stockholders. 

Notwithstanding the foregoing, the NAV thresholds for each class of Shares are also subject to adjustment by the Board of Directors to
account for any stock dividend, stock split, recapitalization or any other similar change in the Company’s capital structure or any Distributions that the Board of Directors has deemed to be a return of capital to the applicable class of
Stockholders. If the Performance Component is payable with respect to any class of Shares pursuant to this Section 8(b), the Advisor will be entitled to such payment even in the event that the Annual Total Return Percentage
to the Stockholders of such class (or any particular Stockholder) over any longer or shorter period has been less than the Priority Return Percentage. The performance of the Company in any future period shall not in any way impact the amount of any
Advisory Fee payable to the Advisor for prior periods, and the Advisor shall have no obligation to return any portion of any Advisory Fee paid to it or any other Person as a result of the Company’s performance in any such future period. The
Performance Component may be earned in a given period for one or more of the Company’s classes of common stock.
 For these purposes
only, the NAV of each class of Shares shall be (i) $25.00 until the NAV Pricing Date, and following such date, the NAV per Share of such class; (ii) the actual value accorded to each class of Shares in connection with any merger or sale of the
Company or its assets; or (iii) if any class of Shares is listed on a national securities exchange, the volume weighted average closing price of such Shares for the last thirty (30) trading days of the current year, or such shorter period
as such Shares have been “listed” during the current year. 
 The Performance Component is payable promptly after the audited
financial statements for each calendar year become available, provided that, if this Agreement or its term expires without renewal prior to December 31 of any calendar year, then the Performance Component for such partial year shall be payable
promptly after the Company files its unaudited financial statements on Form 10-Q for the quarter that includes the Termination Date. The Performance Component shall be payable for each calendar year in which
this Agreement is in effect, even if the Agreement is in effect for less than a full calendar year.

  
 15 

 (c)    Loan Origination Fees and Loan Administrative Fees. From
and after the NAV Pricing Date, the Company acknowledges and agrees that the Advisor will receive all (i) loan origination fees (whether paid upfront or upon payoff of all or any portion of a loan) (“Loan Origination Fees”) and
(ii) (A) application fees (“Application Fees”); and (B) future funding facility draw request fees (“Draw Request Fees”; and together with Application Fees, “Loan Administrative
Fees”), in each instance, related to Real Estate Loans made by the Company or the Operating Partnership. Loan Origination Fees and Loan Administrative Fees will only be paid to the Advisor to the extent they are paid by a borrower and
generally will be paid directly from such borrower to the Advisor or Sub-Advisor. To the extent any Loan Origination Fees and Loan Administrative Fees are paid to the Company, the Company shall remit such fees
to, or as directed by, the Advisor. 
 (d)    Termination. In the event this Agreement is terminated or its term
expires without renewal, the Advisory Fee will be calculated and due and payable after the calculation of NAV on the Termination Date. If such fees are payable with respect to any partial calendar quarter or calendar year, the Fixed Component will
be prorated based on the number of days elapsed during any partial calendar quarter and the Performance Component will be prorated based on the number of days elapsed during, and Annual Total Return achieved for, the period of such partial calendar
year. 
 (e)    Liquidation. In the event the Company commences a liquidation of its Investments during any
calendar year, the Company will pay the Fixed Component from the proceeds of the liquidation and the Performance Component will be calculated and paid at the end of the liquidation period prior to the distribution of the liquidation proceeds to the
Stockholders. 
  

	 	(f)	 Form of Payment. The fees payable under this Section 8 shall be paid in cash;
provided, however that the Advisor, in its sole discretion, may elect to be paid any of the fees set forth in this Section 8 in Class I Shares (in lieu of cash payment), in which case the number of
Class I Shares shall be equal to (i) the cash amount of such fee divided by (ii) $25.00, or from and after the NAV Pricing Date, then the most recently determined NAV per Class I Share. Such Class I Shares will not be subject to
either the one-year holding requirement or the repurchase limits of the Company’s share repurchase plan. 

  

	 	(g)	 Deferral of Advisory Fees. 

 

	 	(i)	 The Advisor shall have the right, in its sole discretion, to elect to defer any portion of Advisory Fees
otherwise payable by the Company. 

  

	 	(ii)	 Any Advisory Fees otherwise payable that have not been paid pursuant to a deferral election made by the Advisor
(collectively referred to as “Elected Deferred Amounts”) shall be paid without interest on any specified later date as the Advisor may determine. 

 

	 	(iii)	 Elected Deferred Amounts shall be reduced on a dollar for dollar basis upon their payment by the Company to the
Advisor, and any such payment shall be applied to Elected Deferred Amounts in the order of oldest to newest. 

9.    Expenses. 

(a)    In addition to the compensation paid to the Advisor, the Sub-Advisor or
their respective designees pursuant to Section 8 and Section 10 hereof, and subject to the provisions of the Sub-Advisory Agreement and the limitations of
Section 9(c) hereof, the Company shall reimburse the Advisor, the Sub-

  
 16 

 
Advisor and their respective Affiliates for all out-of-pocket expenses attributable to the Company or its
subsidiaries including the Operating Partnership and paid or incurred by the Advisor, the Sub-Advisor or their respective Affiliates in providing certain services and licenses hereunder. For purposes of this
Section 9(a), expenses of the Dealer Manager will only be reimbursed to the extent provided in the Dealer Manager Agreement. 

(b)    Expenses that the Company shall reimburse pursuant to Section 9(a) hereof include, but are
not limited to: 
  

	 	(i)	 Issuer Costs incurred in the Private Placement in an amount not to exceed the aggregate organization and
offering expenses (as such term is used in the Memorandum) received by the Company in connection with the Private Placement; 

  

	 	(ii)	 Organization and Offering Expenses; provided that within 60 days after the end of the month in which a Public
Offering terminates, the Advisor shall reimburse the Company to the extent Organization and Offering Expenses borne by the Company attributable to such Public Offering exceed 15.0% of the Gross Proceeds raised in the completed Public Offering;

  

	 	(iii)	 expenses, including Acquisition Expenses incurred in connection with evaluating, selecting, originating,
structuring, financing, developing or acquiring an Investment or prospective investment or any expenses incurred in connection with any Sale or prospective Sale of an Investment or any contribution or prospective contribution of an Investment to a
Joint Venture; 

  

	 	(iv)	 the actual cost of goods and services purchased for and used by the Company and obtained from entities not
affiliated with the Advisor or the Sub-Advisor; 

  

	 	(v)	 interest and other costs for money borrowed on behalf of the Company, including points and other similar fees;

  

	 	(vi)	 taxes and assessments on income or attributed to Investments owned by the Company or its subsidiaries including
the Operating Partnership; 

  

	 	(vii)	 premiums and other associated fees for insurance policies including director and officer liability insurance;

  

	 	(viii)	 expenses of managing and operating Investments owned by the Company or the Operating Partnership, whether
payable to an Affiliate of the Company or a non-affiliated Person; 

  

	 	(ix)	 fees and expenses paid to members of the Board of Directors and the fees and costs of any meetings of the Board
of Directors or Stockholders; 

  

	 	(x)	 expenses associated with dividends or Distributions paid or caused to be paid by the Company or its
subsidiaries including the Operating Partnership; 

  

	 	(xi)	 expenses of organizing the Company or any of its subsidiaries, including the Operating Partnership, including
filing, revising, amending, converting or modifying the Charter, Bylaws or other organizational documents and legal fees associated with preparing this Agreement and the Sub-Advisory Agreement;

  
 17 

	 	(xii)	 expenses associated with Stockholder communications including the cost of preparing, printing and mailing
annual reports, proxy statements and other reports required by governmental entities; 

  

	 	(xiii)	 administrative service expenses charged to, or for the benefit of, the Company or its subsidiaries, including
the Operating Partnership, by non-affiliated third parties; 

  

	 	(xiv)	 audit, accounting and legal fees charged to, or for the benefit of, the Company or its subsidiaries, including
the Operating Partnership, by non-affiliated third parties; 

  

	 	(xv)	 legal fees charged to, or for the benefit of, the Company or its subsidiaries, including the Operating
Partnership, by Affiliates of Inland; 

  

	 	(xvi)	 marketing fees charged to, or for the benefit of, the Company or its subsidiaries, including the Operating
Partnership, by Affiliates of Inland; 

  

	 	(xvii)	 transfer agent and registrar’s fees and charges; 

 

	 	(xviii)	 expenses incurred in connection with any Liquidity Event; and 

 

	 	(xix)	 expenses incurred in connection with any investment in Real
Estate-Related Assets and charged to, or for the benefit of, the Company or its subsidiaries, including the Operating Partnership, by non-affiliated third parties.

 (c)    Notwithstanding any other provision of the Agreement to the contrary, the Company shall not
reimburse the Advisor or the Sub-Advisor for any of their respective overhead costs, including rent, utilities and personnel costs (including salaries, bonuses, benefits and severance payments). 

(d)    With respect to expenses incurred by Affiliates of Inland or the Sub-Advisor
related to services and licenses provided for the benefit of the Company, or payments made for these services and licenses, the Advisor, in its sole discretion, may arrange for payment to be made directly from the Company to the Affiliates of Inland
or the Sub-Advisor. 
 10.    Compensation for Additional Services, Certain
Limitations. The Company and the Advisor will separately negotiate and agree on the fees for any additional services that the Company asks the Advisor, the Sub-Advisor or any of their respective
Affiliates to render in addition to those set forth in Section 2 hereof. Any additional fees or reimbursements to be paid by the Company in connection with the additional services must be fair and reasonable and shall be
approved by a majority of the Board of Directors, including a majority of the Independent Directors. 
 11.    Timing of
and Additional Limitations on Reimbursements. 
 (a)    The Advisor shall prepare a statement documenting the
expenses paid or incurred by the Advisor, the Sub-Advisor and their respective Affiliates for the Company or its subsidiaries, including the Operating Partnership, on a monthly basis. The Company shall
reimburse the Advisor, the Sub-Advisor and their respective Affiliates for any expenses reimbursable in accordance with this Section 11 within twenty (20) days after receipt of
such statements. 

  
 18 

 (b)    The Company shall not reimburse the Advisor or the Sub-Advisor at the end of any fiscal quarter in which Total Operating Expenses incurred by the Advisor and the Sub-Advisor, in the aggregate, for the four (4) consecutive
fiscal quarters then ended (the “Expense Year”) exceed (the “Excess Amount”) the greater of two percent (2%) of Average Invested Assets or twenty-five percent (25%) of Net Income (the “2%/25%
Guidelines”) for such Expense Year unless the Independent Directors determine that such Excess Amount was justified, based on unusual and nonrecurring factors that the Independent Directors deem sufficient. If the Independent Directors do
not approve such Excess Amount as being so justified, the Advisor shall reimburse the Company the amount by which the Total Operating Expenses exceeded the 2%/25% Guidelines. If the Independent Directors determine such Excess Amount was justified,
then, within sixty (60) days after the end of any fiscal quarter of the Company for which Total Operating Expenses for the Expense Year exceed the 2%/25% Guidelines, the Advisor, at the direction of the Independent Directors, shall cause such
fact to be disclosed to the Stockholders in writing (or the Company shall disclose such fact to the Stockholders in the next quarterly report of the Company or by filing a Current Report on Form 8-K with the
Securities and Exchange Commission within sixty (60) days of such quarter end), together with an explanation of the factors the Independent Directors considered in determining that such excess were justified. Such determination shall be
reflected in the minutes of the meetings of the Board of Directors. 
 12.    Other Activities of the Advisor.
Nothing contained herein shall prevent the Advisor or any Affiliate of the Advisor from engaging in any other business or activity including, without limitation, rendering services or advising on or earning fees from real estate investment
opportunities to any other Person or entity; nor shall this Agreement limit or restrict the right of any director, officer, member, partner, employee or stockholder of the Advisor or any Affiliate of the Advisor to engage in or earn fees from any
other business or to render services of any kind to any other Person and earn fees for rendering such services; provided, however, that the Advisor must devote sufficient resources to the Company’s business to discharge its
obligations to the Company under this Agreement. 
 13.    Term; Termination of Agreement. 

(a)    Term; Renewal. The initial term of this Agreement shall begin on the Effective Date and end on
December 31, 2019 and, thereafter, will continue in force for successive one-year periods with the mutual consent of the parties including an affirmative vote of a majority of the Independent Directors;
provided, however, that in no event shall the term of this Agreement end until the date that is 60 days after the Board of Directors provides written notice to the Advisor of the Board of Directors’ determination not to renew this Agreement.
The Board of Directors will evaluate the performance of the Advisor annually before renewing this Agreement, and each renewal shall be for a term of no more than one year. 

(b)    Early Termination. Notwithstanding any other provision of the Agreement to the contrary, this
Agreement may be terminated without cause or penalty, by the Company upon a vote of a majority of the Independent Directors or by the Advisor, in each case by providing no less than sixty (60) days’ prior written notice to the other
party. In the event of the termination of this Agreement, the Advisor will cooperate with the Company and take all reasonable steps requested to assist the Board of Directors in making an orderly transition of the functions performed hereunder by
the Advisor. Notwithstanding the foregoing, the Company will reimburse the Advisor for all costs and expenses (including, without limitation, for any expenses otherwise properly incurred but not yet reimbursed and, in accordance with
Section 8(g)(ii), for any Elected Deferred Amounts that have not expired or been repaid) incurred by the Advisor for time spent by the Advisor in connection with the termination and for providing the transition services
required. In no event shall the Advisor be required to provide transition services in excess of thirty (30) days after the date of termination of this Agreement. 

(c)    Termination Pursuant to a Change of Control. This Agreement may be terminated by the Advisor upon a Change of
Control. 

  
 19 

 14.    Assignments. The Advisor may not assign this Agreement
except to a successor organization that acquires substantially all of its property and carries on the affairs of the Advisor; provided, however that following the assignment, the persons who controlled the operations of the Advisor
immediately prior thereto (the “Control Persons”), control the operations of the successor organization, including the performance of duties under this Agreement; provided, further, that if at any time
subsequent to the assignment the Control Persons cease to control the operations of the successor organization, the Company may thereupon terminate this Agreement immediately upon notice to the Advisor. This Agreement shall not be assignable by the
Company, by operation of law or otherwise, without the consent of the Advisor. Any permitted assignment of this Agreement shall bind the assignee hereunder in the same manner as the assignor is bound hereunder. 

15.    Obligations Upon Termination; Survival of Certain Provisions. Except as otherwise set forth in this Agreement,
upon termination of this Agreement, the parties shall have no further liability or obligation hereunder, provided Sections 13(b), 15, 16, 17 and 25 shall survive termination of this Agreement. Except as set forth in
Section 13(b), the Advisor and the Sub-Advisor shall not be entitled to earn compensation under this Agreement after the Termination Date. After the Termination Date, the Advisor or
the Sub-Advisor, as applicable, shall be entitled to receive from the Company within thirty (30) days after the Termination Date all amounts then accrued and owing to the Advisor or the Sub-Advisor or which the Advisor or the Sub-Advisor has deferred and then elects to be paid at the time of termination (including without limitation, any expenses otherwise
properly incurred but not yet reimbursed and any Elected Deferred Amounts that have not expired or been repaid), subject to the limitations set forth in Section 11 to the extent applicable. With respect to any Advisory Fee
payable under Section 8 of this Agreement for the calendar quarter or year in which the termination occurred, the Advisor shall be paid on a pro rata basis through the date of termination, based on the number of days for
which the Advisor served as such under this Agreement. 
 16.    Actions Upon Termination. In connection with the
termination of this Agreement, the Advisor shall: 
 (a)    pay over to the Company all moneys collected and held for the
account of the Company pursuant to this Agreement, after deducting any accrued or deferred compensation and reimbursement for expenses to which the Advisor is entitled; 

(b)    deliver to the Board of Directors a full accounting, including a statement showing all payments collected by the
Advisor and a statement of all money held by the Advisor, covering the period following the date of the last accounting furnished to the Board of Directors to the date of termination; and 

(c)    deliver to the Board of Directors all property and documents of the Company then in the custody of the Advisor. 

17.    Non-Solicitation. During the period commencing on the date on which
this Agreement is entered into and ending one year following the termination of this Agreement, the Company shall not, without the Advisor’s or the Sub-Advisor’s prior written consent, directly or
indirectly: (i) solicit, induce, or encourage any person to leave the employment or other service of the Advisor, the Sub-Advisor or any of their Affiliates to become employed by the Company or any of its
subsidiaries; or (ii) hire or offer to hire, on behalf of the Company or any other Person, any employee of the Advisor, the Sub-Advisor or any of their Affiliates. Further, with respect to any person who
left the employment of the Advisor, the Sub-Advisor or any of their Affiliates (x) during the term of this Agreement or (y) within six (6) months immediately after

  
 20 

 
the termination of this Agreement, the Company shall not, without the Advisor’s or the Sub-Advisor’s prior written consent, directly or
indirectly hire or offer to hire on behalf of the Company or any other Person, that person during the six (6) months immediately following his or her cessation of employment. The Company acknowledges and agrees that the restrictions contained
in this Section 17 are reasonable and necessary to protect the legitimate interests of the Advisor and the Sub-Advisor and constitute a material inducement of the Advisor to enter
into this Agreement and the Sub-Advisor to enter into the Sub-Advisory Agreement with the Advisor. If the Company breaches, or threatens to commit a breach of, this
Section 17, the Advisor and the Sub-Advisor shall each have the right, in addition to, and not in lieu of, any other rights and remedies available to the Advisor or Sub-Advisor, as the case may be, to have such provision specifically enforced by any court having competent jurisdiction (without any requirement to post a bond), it being acknowledged and agreed that any such
breach or threatened breach will cause irreparable injury. 
 18.    Amendments. This Agreement shall not be
amended, changed, modified or terminated, or the obligations hereunder discharged, in whole or in part except by an instrument in writing signed by both parties hereto, or their respective successors or assigns; provider, however, that no
modification that impacts the right or obligations of the Sub-Advisor may be made without the Sub-Advisor’s consent and signature. 

19.    Successors and Assigns. This Agreement shall inure to the benefit of, and shall bind, any permitted successors
or assigns of the parties hereto. 
 20.    Governing Law. The provisions of this Agreement shall be governed,
construed and interpreted in accordance with the internal laws of the State of New York without regard to its conflicts of law principles. 

21.    Liability and Indemnification. 

(a)    The Company shall indemnify the Advisor, the Sub-Advisor and their
respective Affiliates, officers, directors, employees and agents (individually an “Indemnitee,” collectively the “Indemnitees”) to the same extent as the Company may indemnify its officers, directors and
employees under its Charter and Bylaws so long as: 
  

	 	(i)	 the Indemnitee has determined, in good faith, that the course of conduct that caused the loss, liability or
expense was in the best interests of the Company; 

  

	 	(i)	 the Indemnitee was acting on behalf of, or performing services on the part of, the Company;

  

	 	(ii)	 the liability or loss was not the result of negligence or misconduct on the part of the Indemnitee; and

  

	 	(iii)	 any amounts payable to the Indemnitee are paid only out of the Company’s net assets and not from any
personal assets of any Stockholder. 

 (b)    The Company shall not indemnify any Indemnitee seeking
indemnification for losses, liabilities or expenses arising from, or out of, an alleged violation of federal or state securities laws (“Securities Claims”) unless one or more of the following conditions are met:

  

	 	(i)	 there has been a successful adjudication for the Indemnitee on the merits of each count involving alleged
material Securities Claims as to such Indemnitee; 

  

	 	(ii)	 the Securities Claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as
to such Indemnitee; or 

  
 21 

	 	(iii)	 a court of competent jurisdiction approves a settlement of the Securities Claims and finds that indemnification
for the costs of settlement and related costs should be made and the court considering the request has been advised of the position of the Securities and Exchange Commission and of the published opinions of any state securities regulatory authority
in which securities of the Company were offered and sold as to indemnification for Securities Claims. 

(c)    The Company shall advance amounts to Indemnitees entitled to indemnification hereunder for legal and other expenses
and costs incurred as a result of any legal action for which indemnification is being sought only if all of the following conditions are satisfied: 
  

	 	(i)	 the legal action relates to acts or omissions with respect to the performance of duties or services by the
Indemnitee for or on behalf of the Company; 

  

	 	(ii)	 the legal action is initiated by a third party who is not a Stockholder or the legal action is initiated by a
Stockholder acting in his or her capacity as such and a court of competent jurisdiction specifically approves advancement; and 

  

	 	(ii)	 the Indemnitee receiving the advance provides the Company with written affirmation of his, her or its good
faith belief that he or she has met the standard of conduct necessary for indemnification and undertakes to repay any monies advanced, together with interest thereon at the applicable rate, if a court finds that the person is not entitled to be
indemnified. 

 22.    Notices. All notices, requests or demands to be given under this Agreement
from one party to the other (collectively, “Notices” and individually a “Notice”) shall be in writing and shall be given by personal delivery, or by overnight courier service for next Business Day delivery at
the other party’s address set forth below, or by telecopy transmission at the other party’s facsimile telephone number set forth below. Notices given by personal delivery (i.e., by the sending party or a messenger) shall be deemed given on
the date of delivery. Notices given by overnight courier service shall be deemed given upon deposit with the overnight courier service and Notices given by telecopy transmission shall be deemed given on the date of transmission provided such
transmission is completed by 5:00 p.m. (sending party’s local time) on a Business Day, otherwise delivery by transmission shall be deemed to occur on the next succeeding Business Day. If any party’s address is a business, receipt, or
the refusal to accept delivery, by a receptionist or by any Person in the employ of such party, shall be deemed actual receipt by the party of Notices. Notices may be issued by an attorney for a party and in such case such Notices shall be deemed
given by such party. The parties’ addresses are as follows: 
 If to the Company or the Operating Partnership: 

InPoint Commercial Real Estate Income, Inc. 

2901 Butterfield Road 
 Oak
Brook, IL 60523 
 Attention: Chief Executive Officer 

Telephone: (630) 218-8000 

Facsimile: (630) 368-2218 

If to the Advisor: 
 Inland InPoint
Advisor, LLC 
 2901 Butterfield Road 

  
 22 

 Oak Brook, IL 60523 

Attention: Robert H. Baum, Esq. 

Telephone: (630) 218-8000 

Facsimile: (630) 368-2218 

Any party may at any time give notice in writing to the other party of a change of its address for the purpose of this Section 22.

 23.    Conflicts of Interest and Fiduciary Relationship to the Company and to the Stockholders. The Company and
the Operating Partnership on the one hand and the Advisor on the other hand recognize that their relationship is subject to various conflicts of interest. The Advisor, on behalf of itself and its Affiliates, acknowledges that the Advisor has a
fiduciary relationship to the Company and its Stockholders and the Operating Partnership and its partners. The Advisor, on behalf of itself and its Affiliates, shall endeavor to balance the interests of the Company and the Operating Partnership with
the interests of the Advisor and its Affiliates in making any determination where a conflict of interest exists between the Company or the Operating Partnership and the Advisor or its Affiliates. 

24.    Cyber-Security and Business Continuity. The Advisor shall maintain (i) business continuity and disaster
recovery and backup capabilities and (ii) policies and procedures reasonably designed to detect, prevent and respond to cyber-attacks. The Advisor shall promptly notify the Board of Directors of any cyber-security breach which could reasonably
be expected to affect the Company or the ability of the Advisor to perform its duties and other obligations under this Agreement. 

25.    Confidentiality. The Advisor acknowledges and agrees that it will have access to confidential and proprietary
information and materials concerning or pertaining to the Company. The Advisor, on behalf of itself and its Affiliates shall, and shall cause its and its Affiliates’ partners, managers, officers, employees, representatives and agents, to hold
such information in the strictest confidence and to not use, copy, or divulge to third parties or otherwise use, except in accordance with the terms of this Agreement in furtherance of its duties and obligations hereunder, any information obtained
from or through the Company; provided that this covenant shall not apply to information (i) which is in the public domain now or when it becomes in the public domain in the future, other than by reason of a breach of this Agreement,
(ii) which has come to the Advisor from a lawful source not bound to maintain the confidentiality of such information, or (iii) disclosures which are required by law, regulatory authority, regulation or legal process so long as the Advisor
provides prompt written notice in advance of such disclosures (to the extent permitted by applicable law and practical under the circumstances) in order to allow the Company the opportunity to seek (at the Company’s expense) a protective order
or other appropriate remedy (and if such protective order or similar remedy is obtained no such disclosure shall be made to the extent no longer required as a result of such protective order or similar remedy). 

26.    Headings. The section headings hereof have been inserted for convenience of reference only and shall not be
construed to affect the meaning, construction or effect of this Agreement. 

27.    Third-Party Beneficiary. The
Sub-Advisor is intended to be a third-party beneficiary of the Company’s payment and indemnification obligations hereunder and for the provisions in Section 17 (Non-Solicitation). Except as set forth in the immediately preceding sentence and except for those Persons entitled to indemnification under Section 21, who shall be third-party
beneficiaries of this Agreement, no other Person is a third party beneficiary of this Agreement. 
 28.    Initial
Investment. Prior to the commencement of the Initial Public Offering, the Advisor or one of its Affiliates has contributed $200,000 (the “Initial Investment”) in exchange for the issuance of Class P Shares. The Advisor
or its Affiliates may not sell any of the Shares purchased with the Initial Investment 

  
 23 

 
while the Advisor acts in an advisory capacity to the Company. The restrictions included above shall not apply to any Shares acquired by the Advisor or its Affiliates other than the Shares
acquired in the amount of the Initial Investment. Neither the Advisor not its Affiliates shall vote any Shares they now own, or hereafter acquire, or consent that such Shares be voted, on matters submitted to the Stockholders regarding (i) the
removal of Inland InPoint Advisor, LLC or any of its Affiliates as the Advisor; (ii) the removal of any member of the Board of Directors; or (iii) any transaction by and between the Company and the Advisor, a member of the Board of
Directors or any of their Affiliates. 
 [Signatures on next page] 

  
 24 

 IN WITNESS WHEREOF, the undersigned have executed this First Amended and Restated
Advisory Agreement as of the date first above written. 
  

									
	COMPANY:	 		 	ADVISOR:
			
	INPOINT COMMERCIAL REAL ESTATE INCOME, INC.	 		 	INLAND INPOINT ADVISOR, LLC
					
	By:	 	 	 		 	By:	 	 
	Name:	 	Mitchell A. Sabshon	 		 	Name:	 	Roderick S. Curtis
	Title:	 	CEO	 		 	Title:	 	President
				
	OPERATING PARTNERSHIP:	 		 		 	
				
	INPOINT REIT OPERATING PARTNERSHIP, LP	 		 		 	
					
	 By:
	 	INPOINT COMMERCIAL REAL ESTATE INCOME, INC.	 		 		 	
	Its:	 	General Partner	 		 		 	
					
	By:	 	 	 		 		 	
	Name:	 	Mitchell A. Sabshon	 		 		 	
	Title:	 	CEO	 		 		 	

 [Signature Page to the Advisory Agreement]

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