Document:

EX-10.18

 Exhibit 10.18 

NET LEASE AGREEMENT 

(Multi-Tenant) 
 by and
between 
 CELL BIOSCIENCES, INC., 

a Delaware corporation 

(“Tenant”) 

and 
 702/703 INVESTORS,
LLC, 
 a Delaware limited liability company 

(“Landlord”) 
  

 NET LEASE AGREEMENT 

(Multi-Tenant) 
 For and in consideration
of the rentals, covenants, and conditions hereinafter set forth, Landlord hereby leases to Tenant, and Tenant hereby rents from Landlord, the following described Premises for the term, at the rental and subject to and upon all of the terms,
covenants and agreements set forth in this Net Lease Agreement (“Lease”): 
  

	 	1.	Summary of Lease Provisions. 

  

	 	1.1	Tenant: Cell Biosciences, Inc., a Delaware corporation (“Tenant”). 

  

	 	1.2	Landlord: 702/703 Investors, LLC, a Delaware limited liability company (“Landlord”). 

  

	 	1.3	Date of Lease, for reference purposes only: March 17, 2011. 

  

	 	1.4	Premises: That certain space shown cross-hatched on the floor plan attached hereto as Exhibit A, consisting of approximately twenty thousand seventy-three (20,073) rentable square feet (and having a
street address of 81 E. Daggett Drive, San Jose, California), situated in that certain approximately forty thousand four hundred thirteen (40,413) rentable square foot building shown cross-hatched or otherwise identified on the site plan
attached hereto as Exhibit B (and such building having a street address of 71 and 81 E. Daggett Drive, San Jose, California). (Paragraph 2.1) 

  

	 	1.5	Term: Sixty-nine (69) months (from and after the Commencement Date until the Ending Date), unless sooner terminated pursuant to the terms of this Lease. (Paragraph 3) 

 

	 	1.6	Commencement Date: April 1, 2011, subject to the provisions of Paragraph 3 below. (Paragraph 3) 

  

	 	1.7	Ending Date: December 31, 2016, unless sooner terminated or extended pursuant to the terms of this Lease. (Paragraph 3) 

 

	 	1.8	Rent: During the Lease Term, Tenant shall pay base Rent for the Premises to Landlord in accordance with the schedule set forth below: 

 

									
	 Lease Months During Term
	  	Monthly Rental Rates
Per Rentable Square
Foot (NNN)	 	 	Monthly Rent
(NNN)	 
	 01-09
	  	$	0.00/RSF	* 	 	$	0.00	* 
	 10-21
	  	$	0.90/RSF	  	 	$	18,065.70	  
	 22-33
	  	$	0.95/RSF	  	 	$	19,069.35	  
	 34-45
	  	$	1.00/RSF	  	 	$	20,073.00	  
	 46-57
	  	$	1.05/RSF	  	 	$	21,076.65	  
	 58-69
	  	$	1.10/RSF	  	 	$	22,080.30	  

  
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	*	The Rent payable during each of the first nine (9) months of the Lease Term is actually Eighteen Thousand Sixty-five and 70/100 Dollars ($18,065.70) per month; however, Landlord agrees that such monthly Rent during
the first nine (9) months of the Lease Term shall be conditionally abated (together with the management fee provided under Paragraph 12.1, which shall be abated during the same nine (9) month period), so long as Tenant is not in breach or
default of any provision under this Lease beyond any applicable cure period. In the event Tenant is in breach or default of any provision contained in the Lease and such breach or default is not cured by Tenant within the applicable cure period,
then the unamortized portion of the aggregate abated Rent (based on a sixty (60) month period commencing on the ninth month of the Lease Term) shall become due and payable upon notice or demand and Landlord shall be entitled to include such
unamortized abated Rent in the amount of rentals that it is entitled to recover from Tenant under Paragraph 14.2.1 and under California Civil Code Section 1951.2 following Tenant’s Default. During the period in which Rent is conditionally
abated pursuant to the schedule above (and thereafter during the Term of this Lease, as such Term may be extended), Tenant shall be obligated to pay Tenant’s percentage share of Operating Expenses pursuant to the terms of the Lease below.

 Concurrently with the execution of this Lease, Tenant shall pay to Landlord the sum of $18,065.70, which shall be credited
against the Rent payable for the tenth (10th) month of the Lease Term (Paragraph 4). 
  

	 	1.9	Use of Premises: General office, research, development, assembly, testing, shipping and product and device assembly use and other legally related uses (Paragraph 6). 

 

	 	1.10	Tenant’s percentage share of Operating Expenses: forty-nine and sixty-seven one hundredths percent (49.67%) with respect to the Building and eight and seven one hundredths percent (8.07%) with
respect to the Project generally and not specifically allocable to any other building located on the Land (Paragraph 12). As an illustrative example of the foregoing, Landlord’s casualty and commercial general liability insurance premiums
are allocated on a Project basis and not on a per Building basis and therefore Tenant’s percentage share of such insurance premiums and other Operating Costs allocated on a Project basis would be 8.07% of such Operating Costs. Ad valorem real
property taxes and assessments levied or assessed against the Land (as defined in Section 2.1) and the buildings and improvements constructed thereon, including, without limitation, the Building, similarly are allocated on a Project basis and
not on a per building basis. 

  

	 	1.11	Security Deposit Amount: Two Hundred Sixty-four Thousand Nine Hundred Sixty-three and 60/100 Dollars ($264,963.60) (Paragraph 5) 

  
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	 	1.12	Addresses for Notices: 

  

			
	To Landlord:	    	702/703 Investors, LLC,
		    	c/o South Bay Development Company
		    	1690 Dell Avenue
		    	Campbell, CA 95008
		    	Attn: Scott Trobbe
		
	With a courtesy copy to:	    	Pacific Coast Capital Partners
		    	150 California Street, 22nd Floor
		    	San Francisco, CA 94111
		    	Attn: Aaron Giovara
		
	To Tenant:	    	 To the Premises; however, prior to the Commencement

Date notices to Tenant shall be addressed to:

		
		    	Cell Biosciences, Inc.
		    	3040 Oakmead Village Drive
		    	Santa Clara, CA 95051
		    	Attn: Jason Novi
		
	With a courtesy copy to:	    	Cooley LLP
		    	3175 Hanover Street
		    	Palo Alto, CA 94304
		    	Attn: Sally A. Kay, Esq.

  

	 	1.13	Nonexclusive Right to Use No More Than: Eighty (80) parking spaces within the Common Area. (Paragraph 11.2) 

  

	 	1.14	Summary Provisions in General. Parenthetical references in this Paragraph 1 to other paragraphs in this Lease are for convenience of reference, and designate some of the other Lease paragraphs where
applicable provisions are set forth. All of the terms and conditions of each such referenced paragraph shall be construed to be incorporated within and made a part of each of the above referring Summary of Lease Provisions. In the event of any
conflict between any Summary of Lease Provision as set forth above and the balance of the Lease, the latter shall control. 

2. Property Leased. 
 2.1
Premises. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord upon the terms and conditions herein set forth, those certain premises (“Premises”) referred to in Paragraph 1.4 above and shown
cross-hatched on the floor plan attached hereto as Exhibit A. In addition, Tenant shall have such rights in and to the Common Area (defined in Paragraph 11.1 below) as are more fully described in Paragraph 11.1 below. 

The building in which the Premises are located is referred to herein as the “Building.” The “Land” shall
mean and refer to all of the real property described on Exhibit F attached hereto. Any reference in this Lease to the “Parcel” shall be deemed a reference to the Land. The Land, Building and any other building(s) or
improvement(s) now or hereafter located on the Land are referred to herein 

  
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collectively as the “Project.” Landlord and Tenant agree that all measurements of area contained in this Lease, including, without limitation, the size of the Premises, Building
and Project, are an approximation which Landlord and Tenant agree are reasonable. Such measurements of area contained in this Lease also are conclusively agreed to be correct and binding upon the parties, and any subsequent determination that the
area is more or less than shown in this Lease shall not result in a change in any way in the computations of Rentals. 
 Landlord reserves
the right to grant to tenants of the Project, and to the agents, employees, servants, invitees, contractors, guests, customers and representatives of such tenants or to any other user authorized by Landlord, the nonexclusive right to use the Land
for pedestrian and vehicular ingress and egress and vehicular parking (excluding only that portion of the Land designated herein for Tenant’s exclusive use for vehicular parking, if any). 

2.2 Improvements. Landlord shall not be obligated to construct or install any leasehold improvements in, on or around the Premises,
Building or Project or, except as otherwise expressly provided in Paragraph 2.3 below, to provide any tenant improvement allowance to Tenant. The foregoing, however, shall not in any way excuse Landlord from performing its repair and maintenance
obligations under this Lease. 
 2.3 Improvement Allowance. At the request of Tenant and subject to the terms of this
Paragraph 2.3, Landlord shall provide Tenant with an improvement allowance in an amount not to exceed One Hundred Thousand Three Hundred Sixty-five and 00/1000 Dollars ($100,365.00) (the “Improvement Allowance”), which
Improvement Allowance shall be applied to the costs paid by Tenant in designing, permitting and completing the Initial Tenant Improvements (as defined in Paragraph 2.3(e) below). 

(a) Request for Payment. Prior to the commencement of construction or installation of the Initial Tenant Improvements, Tenant shall
deliver to Landlord an estimate of the total costs of designing and constructing the Initial Tenant Improvements and a schedule of values and line item breakdown of such costs. Tenant may request disbursements from the Improvement Allowance not more
frequently than once each month after the commencement of construction of the Initial Tenant Improvements, but Tenant shall not request any such disbursements after the twelfth (12th) month
of the Lease Term. Each request for disbursement with respect to the design or construction of the Initial Tenant Improvements shall be accompanied by: (i) a written request for disbursement itemizing each category of cost for work in place for
which payment is requested, in form and content reasonably acceptable to Landlord; (ii) conditional partial lien releases, in a form and content reasonably satisfactory to Landlord, from all persons and entities providing work or materials
covered by such request; (iii) unconditional partial lien releases (or full lien releases if the contractor in question were paid in full) from all persons or entities providing work or materials who were paid out of the prior disbursement; and
(iv) cancelled checks or invoices marked “Paid in Full” and/or other documents in a form reasonably acceptable to Landlord which substantiate and justify the disbursement requested. Within thirty (30) days after Landlord’s
receipt of each fully completed disbursement request with respect to the design or construction of the Initial Tenant Improvements, Landlord shall pay ninety percent (90%) of the portion of the Improvement Allowance sought to be disbursed (or
one hundred percent (100%) of that amount if Tenant has requested only ninety percent (90%) of the value of the work completed) directly to Tenant, or, in Landlord’s sole and absolute discretion, to the general contractor and the
subcontractors, laborers, or suppliers entitled thereto; provided, however, Landlord reserves the right to reasonably disapprove some or all of the matters disclosed by such disbursement request and to withhold the amount relating to such
disapproved matters from the disbursement, upon the following grounds: (1) work covered by disbursement request is defective or not constructed or performed pursuant to approved plans covering 

  
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such work, (2) monies requested by such disbursement do not relate to work actually performed or (3) monies requested by such disbursement request do not relate to costs paid or
incurred by Tenant. The ten percent (10%) remaining after any of the above disbursements shall be paid by Landlord within thirty-five (35) days after all of the following have occurred: (i) Tenant has submitted a final request for
disbursement in accordance with the procedure set forth in this paragraph above, (ii) a notice of completion has been duly recorded with respect to the Initial Tenant Improvements, and (iii) no lien claim shall have been recorded within
the thirty (30) day period following such recordation (or if there be a lien claim, such lien shall have been removed or bonded). If the projected costs of designing, permitted and constructing the Initial Tenant Improvements (as set forth in
the schedule of values and work cost estimate) exceeds the Improvement Allowance (the amount by which the estimated Tenant’s Costs exceeds the Improvement Allowance shall be referred to herein as the “Excess Cost”), then each
disbursement shall be in an amount equal to the proportion of the Initial Tenant Improvement work completed and covered by the disbursement request, as determined under the approved schedule of values, multiplied by a fraction, the numerator of
which is the Improvement Allowance, and the denominator of which is the amount set forth in the schedule of values. In such event, Tenant shall pay to its general contractor and all persons entitled thereto any and all Excess Cost (i.e., any
portions of the Tenant’s Costs not paid through the Improvement Allowance). Tenant acknowledges that Landlord shall have no obligation to disburse any amounts for Initial Tenant Improvements in excess of $100,365.00 total. Landlord shall have
no obligation to disburse any amounts from the Improvement after the date twelve (12) months following the Commencement Date of this Lease. 

“Tenant’s Costs” means: (i) all design, architectural and engineering fees and consultant fees incurred by Tenant in
connection with the preparation, review and approval of the architectural plans and specifications related to the Initial Tenant Improvements; (ii) governmental agency plan check, permit and other fees; (iii) sales and other taxes;
(iv) Title 24 fees; (v) inspection costs; and (vi) the actual costs and charges for material and labor and general contractor’s profit and general overhead incurred by Tenant in connection with the construction of the Initial
Tenant Improvements. In the event that there are funds remaining in the Improvement Allowance after Tenant’s Costs have been paid in full, up to the balance of the Improvement Allowance may be used by Tenant for the costs and charges for the
installation of cabling in the Premises. 
 (b) Costs to be Paid From Improvement Allowance. No portion of the Improvement Allowance
may be used for moving and/or set up costs or to pay for any furniture or furnishings or information technology equipment (or cabling, except as otherwise expressly provided in Paragraph 2.3(a) above) to be used by Tenant in the Premises or in
connection with Tenant’s business to be conducted therein. Subject to satisfaction of the conditions set forth in this Paragraph 2.3, the Improvement Allowance may be used by Tenant to pay for Tenant’s Costs referred to above. Landlord
agrees not to charge Tenant any construction management fee, supervisions fee or design, architectural or engineering fees in connection with the construction of the Initial Tenant Improvements. In the event the entire Improvement Allowance is not
disbursed to Tenant pursuant to the terms of this Paragraph 2.3 on or before the date twelve (12) months following the Commencement Date of this Lease, then Tenant shall be entitled to no further disbursement of the Improvement Allowance,
Landlord shall have no liability to Tenant for any portion of the Improvement Allowance that is not disbursed to Tenant pursuant to the terms hereof and Tenant shall not be entitled to any reduction in the amount of Rent or Additional Rent owing
under this Lease. The twelve (12) month period referred to in the immediately preceding sentence shall be extended one day for each day, if any, beyond April 1, 2011 that Landlord does not deliver possession of the Premises to Tenant in
the Delivery Condition and/or that Landlord or any its agents, employees or contractors causes a delay in the completion of the Initial Tenant Improvements; provided, however, any day for day extension of the twelve (12) month period referred
to in the immediately preceding sentence due to any delay(s) in the completion of the Initial Tenant Improvements caused by Landlord or any of its agents, employees or contractors shall not commence earlier than two (2) business days following
the date Tenant notifies Landlord of such delay. 

  
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 (c) Conditions To Disbursement of Improvement Allowance. Landlord shall not be obligated
to make any disbursements of the Improvement Allowance to or for the benefit of Tenant unless at the time of each request for disbursement, all of the following conditions are satisfied: (i) such request shall be made prior to twelve
(12) months from the commencement of the Term, as such date may be extended pursuant to the provisions of Paragraph 2.3(b) above, (ii) there shall exist no Default by Tenant under this Lease, (iii) this Lease shall be in full force
and effect, and (iv) Tenant shall have furnished to Landlord receipts, bills and releases of lien rights (in form and content reasonably satisfactory to Landlord as provided above) covering work done and/or materials furnished in connection
with the construction of the Initial Tenant Improvements for which disbursement is sought by Tenant. 
 (d) Completion of Initial Tenant
Improvements. Upon completion of the Initial Tenant Improvements, Tenant shall: (i) obtain and deliver to Landlord a certificate of completion for the Initial Tenant Improvements from Tenant’s architect; (ii) obtain and deliver to
Landlord a copy of the building permit(s) issued for the Initial Tenant Improvements signed off as complete by the City of San Jose building inspector; (iii) make available to Landlord receipted invoices (or invoices with canceled checks
attached) from Tenant’s contractor(s) showing evidence of full payment for such portion of the Initial Tenant Improvements as is shown on such invoices; (iv) deliver to Landlord a full set of reproducible as-built drawings for the Tenant
Improvements to the extent applicable, including, without limitation, architectural drawings, structural drawings, mechanical drawings, including plumbing, fire sprinkler, electrical and life safety; (v) obtain and deliver to Landlord the
building permit or permits for the Initial Tenant Improvements with final sign-off by the City of San Jose; and (vi) deliver to Landlord copies of all written construction and equipment warranties, if any, related to the portions of the Initial
Tenant Improvements work involving building systems or those portions of the Premises Landlord is required to maintain or repair under the Lease. Tenant shall make such receipted invoices (or invoices with canceled checks attached) from
Tenant’s general contractor available to Landlord for a period of one (1) year following completion of the Tenant Improvements. 

(e) Definition of Initial Tenant Improvements. As used in this Paragraph 2.3, the term “Initial Tenant Improvements”
shall mean those general utility or general purpose office improvements that are made to the Premises by Tenant in accordance with the terms of Paragraph 13 below and pursuant to all applicable laws as part of Tenant’s initial improvements to
the Premises for its occupancy thereof, and shall not mean and include special purpose improvements needed by Tenant for the conduct its business or which might not be a permanent improvement to the New Premises (e.g., demountable partitions,
special security requirements; or trade fixtures, furniture or furnishings of Tenant). 
 (f) Course of Construction Insurance.
During the course of construction of the Initial Tenant Improvements, Tenant’s contractor shall procure and maintain builder’s all risk insurance in an amount equal to the projected total cost of the construction of the Initial Tenant
Improvements. Landlord and Tenant shall be named as loss payees on such builder’s all risk insurance and any proceeds of such insurance shall be paid to Landlord and Tenant as their interests may appear. 

2.4 Acceptance of Premises. By taking possession of the Premises, Tenant shall be deemed to have accepted the Premises as being in good
and sanitary order, condition and repair and to have accepted the Premises in their condition existing as of the date Tenant takes possession of the Premises, subject to all applicable laws, covenants, conditions, restrictions, easements and other
matters of public record and the reasonable rules and regulations from time to time promulgated by Landlord 

  
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governing the use of any portion of the Project. Further, by taking possession of the Premises, Tenant shall be deemed to have accepted tenant improvements to be constructed by Landlord (if any)
as being completed in accordance with the plans and specifications for such improvements, unless Tenant indicates otherwise on a written punch-list submitted to Landlord within ninety (90) days of the delivery of possession or when work to be
done by Landlord has been completed, whichever is later. If Tenant does not submit any such written punchlist to Landlord within such ninety (90 day period, then Tenant waives any right to object to any tenant improvements constructed by Landlord
prior to delivery of possession of the Premises to Tenant. Tenant acknowledges that, except as otherwise expressly provided in this Paragraph 2.4 below, neither Landlord nor any of Landlord’s agents, employees, affiliates, or property manager
have made any representation or warranty (express or implied) as to the suitability of the Premises for the conduct of Tenant’s business, the condition of the Building or Premises, the compliance of the Premises with any codes, laws,
ordinances, rules or regulations, or the use or occupancy which may be made thereof and Tenant has independently investigated and is satisfied that the Premises are suitable for Tenant’s intended use and that the Building and Premises meet all
governmental requirements for such intended use. 
 Notwithstanding anything to the contrary contained in this Lease, Landlord agrees to
deliver the Premises to Tenant with all Building systems and components in good working order and repair, including, but not limited to, the plumbing, lighting, electrical, mechanical, fire/life safety and heating, ventilation and air conditioning
systems serving the Premises, and with the ceiling tiles and office doors in the Premises in good working order and repair (the “Delivery Condition”). 

Landlord hereby warrants the mechanical systems, including, HVAC units, serving the Premises against defects for a period of one (1) year
following the Commencement Date. Such warranty shall not be applicable to any defects in or to the such mechanical systems or HVAC units to the extent caused by (i) Tenant or any of its agents, employees, contractors, subcontractors, licensees,
invitees, customers, vendors, sublessees or other representatives, (ii) any alterations, additions or improvements constructed or installed in, on or about the Premises by or on behalf of Tenant, (iii) any misuse of any of the mechanical
systems or HVAC units serving the Premises by, or negligence or willful misconduct of, Tenant or any of its agents, employees, contractors, subcontractors, licensees, customers, vendors, sublessees or other representative or (iv) any breach by
Tenant of this Lease. If any non-compliance with such warranty set forth in this paragraph exists as of the Commencement Date or within the one (1) year period referred to in this paragraph above, then, as Tenant’s sole remedy for such
non-compliance, Landlord shall, promptly after receipt of written notice from Tenant setting forth the nature of such non-compliance, and notwithstanding anything to the contrary set forth in Paragraph 10.2 below, cure or remedy the same at
Landlord’s sole cost. If Tenant does not give Landlord written notice of such non-compliance with this warranty within the one (1)-year period referred to above, then such warranty shall be deemed to have expired and shall be of no further
force or effect. 
 Notwithstanding anything herein to the contrary, Landlord represents that, to Landlord’s actual knowledge, Landlord
has not received any written notice from any governmental agency that the Building, or any portion thereof, is in violation of any of the provisions and requirements of the Americans with Disabilities Act of 1990, as amended
(“ADA”). Landlord (and not Tenant) shall be responsible, at no cost to Tenant, for remedying or curing any violations of building codes, laws, ordinances, or other governmental requirements (including, without limitation, the ADA)
that (x) exist as of the Commencement Date with respect to the Premises, or any part thereof, and/or (y) that are triggered within the Building (but outside of the Premises) by demolition or construction or installation of any of the
improvements shown on the demolition floor plan and/or floor plan attached hereto as Exhibit C that are contemplated to be constructed or installed by Tenant in the Premises as part of Tenant’s initial leasehold improvements (the
“Code Compliance Improvements”); provided, however, Landlord shall not 

  
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be obligated to commence remedying or curing any such violations of building codes, laws, ordinances, or other governmental requirements existing as of the Commencement Date with respect to the
Premises unless and until the governmental agency having jurisdiction over such matter requires such violation(s) be cured or remedied by Landlord (or Tenant) or unless Tenant cannot physically occupy the Premises until such violation(s) are cured
or remedied. Landlord’s obligation to cure violations existing as of the Commencement Date or that are triggered by Tenant’s construction or installation of any of the Code Compliance Improvements shall not be applicable to violations that
arise or are triggered by (i) any alterations, additions or improvements (other than the Code Compliance Improvements) undertaken, or caused to be undertaken by Tenant, (ii) Tenant’s application(s) for any permits (including, without
limitation, building permits), licenses or approvals from any governmental or quasi-governmental authority (except for any applications for permits, licenses or approvals for the construction of the Code Compliance Improvements), or
(iii) Tenant’s use of the Premises, but notwithstanding the foregoing Landlord shall be obligated for the Building’s compliance with the provisions and requirement of the ADA to the extent such compliance pertains to a violation of
ADA existing as of the Commencement Date of this Lease or is triggered within the Building (but outside of the Premises) by the construction or installation of any Code Compliance Improvements. 

3. Term. 
 3.1
Commencement Date. The term of this Lease (“Lease Term”) shall be for the period specified in Paragraph 1.5 above, commencing on the date set forth in Paragraph 1.6 (“Commencement Date”); provided,
however, if Landlord does not deliver the Premises in the Delivery Condition referred to in Paragraph 2.4 above on or before April 1, 2011, then the Commencement Date of this Lease shall be the date Landlord delivers the Premises to Tenant in
the Delivery Condition required above, the Ending Date shall be the date sixty-nine (69) months following the date Landlord delivers the Premises to Tenant in the Delivery Condition and no base Rent shall be due for the first nine
(9) months following the date of such delivery of the Premises to Tenant in the Delivery Condition. Promptly following the Commencement Date of this Lease, upon presentation of the same to Tenant, Landlord and Tenant shall confirm the
Commencement Date and Ending Date in writing, by completing and executing the Commencement Date Letter in the form of Exhibit D attached hereto. Tenant’s failure to execute and deliver the letter attached hereto as
Exhibit D within ten (10) days after Tenant receives written request from Landlord to do so (subject to any legitimate disagreement by Tenant with the terms thereof, which both parties shall use reasonable efforts to resolve) shall
not be a Default by Tenant hereunder, but the failure of either party to execute and deliver such letter shall not change the Commencement Date as determined in accordance with this Lease. The expiration of the Lease Term or sooner termination of
this Lease is referred to herein as the “Lease Termination.” 
 3.2 Delay of Commencement Date. Landlord shall not
be liable for any damage or loss incurred by Tenant for Landlord’s failure for whatever cause to deliver possession of the Premises by any particular date (including the Commencement Date), nor shall this Lease be void or voidable on account of
such failure to deliver possession of the Premises; provided that if Landlord does not deliver possession of the Premises to Tenant by May 1, 2011 in the Delivery Condition required by this Lease, Tenant shall have the right to terminate this
Lease by written notice delivered to Landlord at any time prior to Landlord’s delivery of possession of the Premises to Tenant in the Delivery Condition required by this Lease, and Landlord and Tenant shall be relieved of their respective
obligations hereunder; provided further that said date of May 1, 2011 above shall be extended by the number of days delivery of possession of the Premises is delayed due to fault or neglect of Tenant, acts of Tenant or Tenant’s agents, or
due to acts of God, fires, earthquake, war, insurrection, riots and/or other causes beyond Landlord’s reasonable control. 

  
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 4. Rent. 

4.1 Rent. Tenant shall pay to Landlord as rent for the Premises (“Rent”), in advance, on the first day of each
calendar month, commencing on the date specified in Paragraph 1.6 and continuing throughout the Lease Term the Rent set forth in Paragraph 1.8 above. Rent shall be prorated, based on thirty (30) days per month, for any partial month
during the Lease Term. Except as otherwise expressly set forth herein, Rent shall be payable without deduction, offset, prior notice or demand in lawful money of the United States to Landlord at the address herein specified for purposes of notice or
to such other persons or such other places as Landlord may designate in writing. 
 4.2 Late Charge. Tenant hereby acknowledges that
late payment by Tenant to Landlord of Rent will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting
charges, and late charges which may be imposed on Landlord by the terms of any mortgage or deed of trust covering the Premises. Accordingly, Tenant shall pay to Landlord, as Additional Rent (as defined in Paragraph 4.3 below), without the
necessity of prior notice or demand, a late charge equal to five percent (5%) of any installment of Rent or other amount payable by Tenant under this Lease which is not received by Landlord within ten (10) days after the due date for such
installment or payment. Notwithstanding the foregoing, Landlord will not assess a late charge until Landlord has given written notice of such late payment for the first late payment in any twelve (12) month period and after Tenant has not cured
such late payment within three (3) days from receipt of such notice. No other notices will be required during the following twelve (12) months for a late charge to be imposed or incurred. The parties hereby agree that such late charge
represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. In no event shall this provision for a late charge be deemed to grant to Tenant a grace period or extension of time within which to pay
any installment of Rent or other sum payable by Tenant to Landlord under this Lease or prevent Landlord from exercising any right or remedy available to Landlord upon Tenant’s failure to pay such installment of Rent or other sum when due,
including without limitation the right to terminate this Lease. In the event any installment of Rent or other sum payable by Tenant to Landlord under this Lease is not received by Landlord by the due date for such installment, such installment shall
bear interest at the annual rate set forth in Paragraph 34 below, commencing on the date such Rent installment or other sum payable under this Lease is due and continuing until such installment or other sum payable under this Lease is paid in
full. 
 4.3 Additional Rent. All taxes, charges, costs and expenses and other sums which Tenant is required to pay hereunder
(together with all interest and charges that may accrue thereon in the event of Tenant’s failure to pay the same), and all damages, costs and reasonable expenses which Landlord may incur by reason of any Default by Tenant shall be deemed to be
additional rent hereunder (“Additional Rent”). Additional Rent shall accrue commencing on the Commencement Date. In the event of nonpayment by Tenant of any Additional Rent, Landlord shall have all the rights and remedies with
respect thereto as Landlord has for the nonpayment of Rent. The term “Rentals” as used in this Lease shall mean Rent and Additional Rent. 

5. Security Deposit; Letter of Credit. 

5.1 Cash Security Deposit. Concurrently with Tenant’s execution of this Lease, unless Tenant delivers to Landlord the Letter of
Credit referred to below, Tenant shall deposit with Landlord a cash security deposit (“Security Deposit”) in the amount set forth in Paragraph 1.11 above. The Security Deposit shall be held by Landlord as security for the
faithful performance by Tenant of each and every term, covenant and condition of this Lease applicable to Tenant, and not as prepayment of Rent. If Tenant shall at any time fail to keep or perform any term, covenant or condition of this Lease

  
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applicable to Tenant, including without limitation, the payment of Rentals or those provisions requiring Tenant to repair damage to the Premises caused by Tenant or to surrender the Premises in
the condition required pursuant to Paragraph 35 below, after notice and failure to cure, Landlord may, but shall not be obligated to, and without waiving or releasing Tenant from any obligation under this Lease, use, apply or retain the whole
or any part of the Security Deposit reasonably necessary for the payment of any amount which Landlord may spend by reason of Tenant’s default or as necessary to compensate Landlord for any loss or damage which Landlord may suffer by reason of
Tenant’s default. In the event Landlord uses or applies any portion of the Security Deposit, Tenant shall, within ten (10) business days after written demand by Landlord, remit to Landlord sufficient funds to restore the Security Deposit
to its original sum. Failure by Tenant to so remit funds shall be a Default by Tenant. Tenant waives any restriction on the uses to which the Security Deposit or any portion thereof may be put contained in California Civil Code Section 1950.7
and Tenant hereby agrees that such Security Deposit may be applied against, among other things, delinquent rents accruing prior to termination of this Lease and future rent damages under California Civil Code Section 1951.2. Tenant also waives
those provisions of California Civil Code Section 1950.7, except subsection (b), and all other provisions of law now or hereafter in force, which provide that Landlord may claim from the Security Deposit only those sums reasonably necessary to
remedy defaults in the payment of rent, to repair damage caused by Tenant or to clean the Premises. If Tenant fully and faithfully performs every provision of this Lease to be performed by it, the Security Deposit or any balance of it shall be
returned to Tenant within thirty (30) days following the expiration of the Term and Tenant vacating possession of the Premises. If Landlord sells or transfers its interest in the Premises during the Term and deposits with the purchaser or
credits to the purchaser the Security Deposit or balance of it, then, upon such sale or transfer and notice thereof to Tenant, Landlord shall be discharged from any further liability with respect to the Security Deposit. 

5.2 Letter of Credit. At any time during the Lease Term, Tenant shall have the right, subject to the provisions of this Paragraph 5.2,
to substitute for the cash Security Deposit referred to above (and deliver to Landlord) an unconditional, irrevocable, transferable, standby letter of credit (the “Letter of Credit”) in the amount of the Security Deposit Amount and
issued by Comerica, or other a financial institution (“Issuer”) satisfactory to Landlord in its sole discretion. The Letter of Credit shall be substantially in the form attached as Exhibit G-1 or Exhibit G-2 hereto.
The Letter of Credit shall permit partial draws, and provide that draws thereunder will be honored upon presentation by Landlord of Landlord’s drafts at site without conditions (other than typical draft request certification) at a location in
the San Francisco Bay Area metropolitan area (which draft may be submitted by FedEx or similar overnight courier service). The Letter of Credit shall have an expiration period of one (1) year but shall automatically renew by its terms unless
affirmatively cancelled by Issuer, in which case Issuer must provide Landlord thirty (30) days’ prior written notice of such expiration or cancellation. The Letter of Credit shall remain in effect, whether through replacement, renewal or
extension, until forty-five (45) days after the expiration of the Lease Term, as the same may be extended. Any amount drawn under the Letter of Credit and not utilized by Landlord for the purposes permitted by this Lease shall be held as
collateral for Tenant’s obligations under this Lease as provided in Paragraph 5.1 above or applied by Landlord for the payment of any amount which Landlord may spend by reason of Tenant’s default (after the expiration of applicable notice
and cure periods) or as necessary to compensate Landlord for any loss or damage which Landlord may suffer by reason of Tenant’s default (including, without limitation, delinquent Rentals owing by Tenant to Landlord and future rent damages under
California Civil Code Section 1951.2). If the Tenant fails to renew or replace the Letter of Credit as required under this Lease at least ten (10) days before its stated expiration date, Landlord may draw upon the entire amount of the
Letter of Credit. No fees applicable to the Letter of Credit shall be charged to Landlord. 
 The Letter of Credit shall provide, among
other things, that (i) Landlord (or Landlord’s lender holding a security interest in the Premises and Building (“Lender”) if such Lender is named as a 

  
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beneficiary, co-beneficiary with Landlord or authorized by Landlord to draw on the Letter of Credit) shall have a right to draw down an amount up to the face amount of the Letter of Credit upon
presentation to the Issuer of Landlord’s (or its Lender’s) statement that such amount is due to Landlord under the terms and conditions of this Lease, as the same may be amended; it being understood that if Landlord is a corporation,
partnership, limited liability company or other entity, then such statement shall be signed by an officer (if a corporation), a general partner (if a partnership), a managing member, manager or other authorized member (if a limited liability
company) or any authorized party (if another entity); and (ii) the Letter of Credit will be honored by the Issuer without inquiry as to the accuracy thereof and regardless of whether the Tenant disputes the content of the statement. 

If, after Landlord accepts any Letter of Credit pursuant to the terms of this Paragraph 5.2, the Issuer of such Letter of Credit enters into
any form of regulatory or governmental receivership or other similar regulatory or governmental proceeding, including, without limitation, any receivership instituted or commenced by the Federal Deposit Insurance Corporation
(“FDIC”), or is otherwise declared insolvent or downgraded by the FDIC (or is closed for any reason), or the FDIC repudiates the Letter of Credit, then, within ten (10) business days following the occurrence of such event,
Tenant shall deliver to Landlord a replacement Letter of Credit in the same form and amount as the original Letter of Credit accepted by Landlord and from a new Issuer acceptable to Landlord in its sole and absolute discretion (or, in lieu thereof,
Tenant may deliver a cash Security Deposit). 
 If Tenant breaches or fails to perform any obligation or covenant under or of this Lease
beyond the expiration of any applicable notice and cure period, including, but not limited to, the payment of monthly Rent or any Additional Rent, Landlord may (but shall not be required to) draw upon all or any part of the Letter of Credit and use,
apply, or retain all or any part of the cash proceeds thereof for the payment of any sums in default, or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant’s default (including, without limitation,
delinquent Rentals owing by Tenant to Landlord and future rent damages under California Civil Code Section 1951.2). If Landlord draws upon all or any portion of the Letter of Credit for the foregoing purposes, Tenant shall, within ten
(10) business days after written demand therefor, deliver a new Letter of Credit (in a form and issued by an Issuer meeting the requirements above) in an amount equal to the full amount required hereunder less the amounts, if any, drawn by
Landlord under the Letter of Credit which were not used by Landlord to cure any then existing default by Tenant hereunder or to reimburse Landlord for any damage or loss caused by any such default (and which unapplied amounts so drawn by Landlord
shall continue to be held by Landlord pursuant to the terms of this Paragraph 5.2, except that if Landlord later applies any of such previously unapplied amounts as permitted hereunder, then Tenant shall, within ten (10) business days after
written demand therefor, deliver a new Letter of Credit (in a form and issued by an Issuer meeting the requirements above) in an amount equal to the amount of Letter of Credit proceeds so applied by Landlord). Tenant agrees not to interfere in any
way with payment to Landlord of the proceeds of the Letter of Credit, either prior to or following a draw by Landlord of any portion of the Letter of Credit. Tenant’s failure to timely deliver such new Letter(s) of Credit shall be a Default by
Tenant (or default) under this Lease and shall entitle Landlord to draw upon the balance of the Letter(s) of Credit in full and retain the cash proceeds thereof in accordance with this Paragraph 5.2. Landlord shall not be required to keep any such
amount separate from its general funds and Tenant shall not be entitled to interest on such funds. So long as Tenant is not in default at the expiration or termination of this Lease, as the same may be amended, the Letter(s) of Credit, and/or any
cash proceeds thereof, held by Landlord or its Lender shall be returned to Tenant (or any assignee of Tenant), not later than thirty (30) days after Tenant has vacated the Premises, provided that subsequent to the expiration or earlier
termination of this Lease, Landlord may draw upon the Letter(s) of Credit and retain therefrom sums in default by Tenant under this Lease, and/or amounts to compensate Landlord for any other loss or damage which Landlord may suffer by reason of
Tenant’s default, including, without limitation, (a) any and all 

  
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amounts permitted by California Civil Code Section 1950.7, and (b) such sums as Landlord reasonably estimates will thereafter become due by reason of Tenant’s default, if any,
under this Lease (including, without limitation, future rent damages under California Civil Code Section 1951.2). Landlord and Tenant hereby agree that Landlord may, in addition, claim those sums necessary to compensate Landlord for any other
direct and foreseeable loss or damage caused by the act or omission of Tenant or Tenant’s officers, members, partners, agents, employees, independent contractors or invitees or the default of Tenant under this Lease. 

Tenant agrees that Landlord shall have the right to pledge the Letter of Credit or otherwise grant a security interest therein to
Landlord’s Lender, and shall have the right to deliver the Letter of Credit or all or any portion of the proceeds of such Letter of Credit to Landlord’s Lender in connection therewith, provided such Letter of Credit (or proceeds thereof)
shall only be used in accordance with, and shall continue to be governed by, the terms and provisions of this Paragraph 5.2. At Landlord’s election, the Letter of Credit may name Landlord’s Lender as a beneficiary, or as a co-beneficiary
with Landlord and/or may require that Landlord’s Lender sign the certification required to be presented for any draw against the Letter of Credit. Any draw-down on the Letter of Credit by Lender shall be credited against the applicable default
by Tenant under the Lease. In the event of a termination or transfer of Landlord’s interest in this Lease or in the event Landlord sells and conveys the Building or Project to a third party, Landlord shall transfer its interest in the Letter of
Credit to Landlord’s successor-in-interest under the Lease. In addition, upon termination or transfer of Landlord’s interest in this Lease, within ten (10) days after request by Landlord or Landlord’s successor, Tenant shall, as
Landlord or Landlord’s successor shall request, either cause the Letter of Credit to be amended to name Landlord’s successor as the party entitled to draw down on the Letter of Credit subject to the terms and conditions of this Paragraph 5
and deliver such amendment to the requesting party, or shall obtain and deliver to the requesting party a new Letter of Credit meeting the requirements of this Paragraph 5.2, naming Landlord’s successor as the party entitled to draw down on the
Letter of Credit subject to the terms and conditions of this Paragraph 5.2. At Landlord’s election, within ten (10) business days after request by Landlord, Tenant shall either cause the Letter of Credit to be amended to name
Landlord’s Lender as the beneficiary, or as a co-beneficiary with Landlord, and/or as a signatory or cosigner of any certification presented for a draws down of the Letter of Credit, and to incorporate other changes to the Letter of Credit
reasonably requested by Landlord’s Lender which do not alter or increase in any material respect Tenant’s obligations under this Paragraph 5.2 or in connection with the Letter of Credit, or shall obtain a new Letter of Credit to effectuate
such changes and otherwise meeting the requirements of this Paragraph 5.2 above. Any reasonable fee due in connection with the transfer of Landlord’s rights as beneficiary under the Letter of Credit to a successor Landlord or to Landlord’s
Lender, or in connection with an amendment to, or substitution of, a Letter of Credit, shall be paid by Tenant to the financial institution owed such fee upon demand. If Tenant fails to execute any documents necessary to transfer the Letter of
Credit to Landlord’s successor-in-interest or Landlord’s Lender within ten (10) business days after Landlord’s written request therefor, Landlord may draw upon the Letter of Credit and transfer the cash proceeds thereof to
Landlord’s successor-in-interest or Lender to be held as collateral for Tenant’s performance hereunder and applied, if applicable, in accordance with and subject to the terms and conditions of Paragraph 5.1. Tenant agrees that Landlord
shall be released from liability for the return of the Letter of Credit or the unapplied cash proceeds thereof or any accounting of such proceeds upon a transfer of the Letter of Credit or unapplied cash proceeds thereof to Landlord’s
successor-in-interest or lender in accordance with the foregoing procedure. 
 Tenant agrees not to look to Landlord’s
successor-in-interest or Lender for accountability for any Letter of Credit or proceeds thereof required by the Landlord hereunder, unless such Letter of Credit or proceeds thereof has actually been received by Landlord’s successor-in-interest
or Lender and has not been returned to Landlord. 

  
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 5.3 Reduction of Cash Security Deposit or Letter of Credit. Notwithstanding the provisions
of Paragraph 5.1 and 5.2 above, if (i) Tenant has generated gross revenues of at least Forty-six Million Five Hundred One Thousand Six Hundred and 00/100 Dollars ($46,501,600.00) during calendar year 2012, and (ii) no Default by Tenant has
occurred under this Lease prior to the expiration of calendar year 2012, then the cash Security Deposit or Letter of Credit, as the case may be, held by Landlord at the end of calendar year 2012 shall be reduced to One Hundred Thirty-two Thousand
Four Hundred Eighty-one and 80/100 Dollars ($132,481.80); provided, however, prior to reducing such cash Security Deposit or Letter of Credit as provided above, Tenant shall produce evidence, reasonably satisfactory to Landlord (including, without
limitation, audited financial statements), that the event described in clause (i) immediately above has occurred. In addition, notwithstanding the provisions of Paragraph 5.1 and 5.2 above, if (x) Tenant has generated gross revenues of at
least Sixty-two Million Seven Hundred Twelve Thousand Eight Hundred and 00/100 Dollars ($62,712,800.00) during calendar year 2013, and (y) no Default by Tenant has occurred under this Lease prior to the expiration of calendar year 2013, then
the cash Security Deposit or Letter of Credit, as the case may be, held by Landlord at the end of calendar year 2012 shall be reduced to Twenty-two Thousand Eighty and 30/100 Dollars ($22,080.3); provided, however, prior to reducing such cash
Security Deposit or Letter of Credit as provided immediately above, Tenant shall produce evidence, reasonably satisfactory to Landlord (including, without limitation, audited financial statements), that the events described in clause
(x) immediately above has occurred. 
 6. Use of Premises. 

6.1 Permitted Uses. Tenant shall use the Premises and the Common Area only in conformance with applicable governmental or
quasi-governmental laws, statutes, orders, regulations, rules, ordinances and other requirements now or hereafter in effect (collectively, “Laws”) for the purposes set forth in Paragraph 1.9 above, and for no other purpose
without the prior written consent of Landlord, which consent shall not be unreasonably withheld or delayed, provided that such other use is in conformance with applicable Laws. Tenant acknowledges and agrees that Landlord has selected or will be
selecting tenants for the Building in order to produce a mix of tenant uses compatible and consistent with the design integrity of the Building and with other uses of the Building; provided, however, the selection of Building tenants shall be in
Landlord’s reasonable discretion and Landlord in making such selection shall not be deemed to be warranting that any use of the Building made by any such tenant is compatible or consistent with the design integrity of the Building or other uses
of the Building. Any change in use of the Premises or the Common Area without the prior written consent of Landlord shall be a Default by Tenant. Tenant and Tenant’s agents shall comply with the provisions of any Declaration of Covenants,
Conditions, and Restrictions affecting the Premises and the Common Area. 
 During the Term of this Lease, Tenant shall be permitted to have
access to the Premises 24 hours per day, 7 days per week, 365 days per year, unless such access is prohibited, limited or restricted by any governmental or quasi-governmental law, statute, ordinance, rule or regulation, damage to or destruction or
condemnation of the Premises, Building or other portion of the Project or due to an emergency. 
 6.2 Tenant to Comply with Legal
Requirements. Tenant shall, at its sole cost, promptly comply with all Laws relating to or affecting Tenant’s particular use or occupancy of the Premises or use of the Common Area, now in force, or which may hereafter be in force, including
without limitation those relating to utility usage and load or number of permissible occupants or users of the Premises, whether or not the same are now contemplated by the parties; with the provisions of all recorded documents affecting the
Premises or the Common Area insofar as the same relate to or affect Tenant’s particular use or occupancy of the Premises or use of the Common Area; and with the requirements of any board of fire underwriters (or similar body now or hereafter
constituted) relating to or affecting Tenant’s particular use or occupancy of the Premises or use of the Common Area. Tenant’s 

  
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obligations pursuant to this Paragraph 6.2 shall include, without limitation, maintaining or restoring the Premises and making structural and non-structural alterations and additions in
compliance and conformity with all Laws (except to the extent Landlord’s responsibility pursuant to the provisions of the last paragraph of Paragraph 2.4 above) and recorded documents, in each case to the extent relating to Tenant’s
particular use or occupancy of the Premises during the Lease Term, Tenant’s application for any permit or governmental approval or alterations, additions or improvements made to the Premises by Tenant or the negligence or willful misconduct of
Tenant or any of its agents, employees, contractors, invitees, licensees, sublessees or other representatives. Any alterations or additions undertaken by Tenant pursuant to this Paragraph 6.2 shall be subject to the requirements of
Paragraph 13.1 below. At Landlord’s option, Landlord may make the required alteration, addition or change, and Tenant shall pay the cost thereof as Additional Rent. With respect to any structural alterations or additions as may be
hereafter required with respect to the Building, Premises, or Common Area due to a change in laws and unrelated to Tenant’s specific use of the Premises or the Common Area, Tenant’s application(s) for any permit or governmental approval,
Tenant’s alterations, additions or improvements to the Premises or the negligence or willful misconduct of Tenant or any of its agents, employees, contractors, invitees, licensees, sublessees or other representatives, the cost thereof shall be
amortized at the lesser of (i) the annual rate of interest charged on the loan obtained by Landlord to finance the applicable structural alteration(s), addition(s) or improvement(s) (or if Landlord does not obtain a loan to finance such
structural alteration(s), addition(s) or improvement(s), then at two percent (2%) above the prime rate or reference rate published in the Wall Street Journal (or if such rate is not published in the Wall Street Journal, then the prime rate or
reference rate established by a national bank selected by Landlord)), or (ii) the maximum rate permitted by law, over the useful life of the alteration or addition, and Tenant shall pay its percentage share (as defined in Paragraph 1.10 above)
of such monthly amortized cost on the first day of each month (prorated for any partial month) from the date of installation or repair through Lease Termination. 

Tenant shall obtain prior to taking possession of the Premises any permits, licenses or other authorizations required for the lawful operation
of its business at the Premises. The judgment of any court of competent jurisdiction or the admission of Tenant in any action or proceeding against Tenant, regardless of whether Landlord is a party thereto or not, that Tenant has violated such Law
or recorded document relating to Tenant’s particular use or occupancy of the Premises or use of the Common Area shall be conclusive of the fact of such violation by Tenant. 

Without limiting the foregoing, Landlord agrees that it, at Landlord’s sole cost, shall be responsible for complying with any Laws that
are violated as a result of the gross negligence or willful misconduct of Landlord or any of its agents, employees or contractors. Landlord also shall be responsible, at its sole cost, for compliance with Laws to the extent expressly provided in the
last paragraph of Paragraph 2.4 above. 
 6.3 Prohibited Uses. Tenant and Tenant’s agents shall not commit or suffer to be
committed any waste upon the Premises. Tenant and Tenant’s agents shall not do or permit anything to be done in or about the Premises, Building, Project or Common Area which will in any way obstruct or interfere with the rights of any other
tenants of the Building or Project, other authorized users of the Common Area, or occupants of neighboring property, or injure them. Tenant shall not conduct or permit any auction or sale open to the public to be held or conducted on or about the
Premises, Building, Project or Common Area. Tenant and Tenant’s agents shall not use or allow the Premises to be used for any unlawful, or hazardous purpose or any purpose not permitted by this Lease, nor shall Tenant or Tenant’s agents
cause, maintain, or permit any nuisance in, on or about the Premises, Building, Project or Common Area. Tenant shall not overload existing electrical systems or other mechanical equipment servicing the Building, impair the efficient operation of the
sprinkler system or the heating, ventilation or 

  
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air conditioning equipment within or servicing the Building or damage, overload or corrode the sanitary sewer system. Tenant and Tenant’s agents shall not do or permit anything to be done in
or about the Premises nor bring or keep anything in the Premises which will in any way increase the rate of any insurance upon any portion of the Project or any of its contents, or cause a cancellation of any insurance policy covering any portion of
the Project or any of its contents, nor shall Tenant or Tenant’s agents keep, use or sell or permit to be kept, used or sold in or about the Premises any articles which may be prohibited by a standard form policy of fire insurance. In the event
the rate of any insurance upon any portion of the Project or any of its contents is increased because of Tenant’s particular use (as distinct from normal office use or normal ancillary use) of the Premises or that of Tenant’s agents,
Tenant shall pay, as Additional Rent, the full cost of such increase; provided, however this provision shall in no event be deemed to constitute a waiver of Landlord’s right to declare a default hereunder by reason of the act or conduct of
Tenant or Tenant’s agents causing such increase or of any other rights or remedies of Landlord in connection therewith. Tenant and Tenant’s agents shall not place any loads upon the floor, walls or ceiling of the Premises which would
endanger the Building or the structural elements thereof or of the Premises, nor place any harmful liquids in the drainage system of the Building or Common Area. No waste materials or refuse shall be dumped upon or permitted to remain upon any part
of the Project except in enclosed trash containers designated for that purpose by Landlord. No materials, supplies, equipment, finished products (or semi-finished products), raw materials, or other articles of any nature shall be stored upon, or be
permitted to remain on, any portion of the Project outside the Premises. 
 6.4 Hazardous Materials. Neither Tenant nor Tenant’s
agents shall permit the introduction, placement, use, storage, manufacture, transportation, release or disposition (collectively “Release”) of any Hazardous Material(s) (defined below) on or about any portion of the Project without
the prior written consent of Landlord, which consent may be withheld in the sole and absolute discretion of Landlord without any requirement of reasonableness in the exercise of that discretion. Notwithstanding the immediately preceding sentence to
the contrary, Tenant may use de minimis quantities of the types of materials which are technically classified as Hazardous Materials but commonly used in domestic or office use to the extent not in an amount, which, either individually or
cumulatively, would be a “reportable quantity” under any applicable Law and such other Hazardous Materials as are commonly used in connection with, and necessary for the operation of, Tenant’s business provided that Landlord receives
notice prior to such Hazardous Materials being brought onto the Premises and Landlord consents in writing to such Hazardous Materials. In all cases, Tenant shall use such Hazardous Materials in compliance with all applicable Laws. Tenant covenants
that, at its sole cost and expense, Tenant will comply, and cause its agents, employees, contractors, sublessees, licensees and invitees to comply, with all applicable Laws with respect to the Release by Tenant, its agents, employees, contractors,
sublessees, licensees or invitees of such permitted Hazardous Materials. Any Release beyond the scope allowed in this paragraph shall be subject to Landlord’s prior consent, which may be withheld in Landlord’s sole and absolute discretion,
and shall require an amendment to the Lease in the event Landlord does consent which shall set forth the materials, scope of use, indemnification and any other matter required by Landlord in Landlord’s sole and absolute discretion. Tenant shall
indemnify, defend and hold Landlord and Landlord’s agents, members and lenders harmless from and against any and all claims, losses, damages, liabilities, actions, causes of action, clean up and remediation costs, penalties, liens, costs and/or
expenses arising in connection with the Release of Hazardous Materials in violation of Hazardous Materials Laws by Tenant, Tenant’s agents or any other person using the Premises with Tenant’s knowledge and consent or authorization.
Tenant’s obligation to defend, hold harmless and indemnify pursuant to this Paragraph 6.4 shall survive Lease Termination. 
 The
foregoing indemnity shall not apply to, and Tenant shall not be responsible for, the presence of Hazardous Materials on, under, or about the Premises, Building or Common Area to the extent in existence as of the date hereof or to the extent caused
by any third parties (i.e. persons or entities other 

  
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than Tenant or its agents, employees, affiliates, contractors, subcontractors, sublessees, licensees, invitees, and other representatives) or by Landlord or Landlord’s employees, agents or
contractors unless and to the extent such Hazardous Materials are exacerbated by the negligent acts of Tenant or any of Tenant’s agents, employees, affiliates, contractors, invitees, licensees, sublessees or other representatives. 

As used in this Lease, the term “Hazardous Materials” means any chemical, substance, waste or material which has been or is
hereafter determined by any federal, state or local governmental authority to be capable of posing risk of injury to health or safety, including without limitation, those substances included within the definitions of “hazardous
substances,” “hazardous materials,” “toxic substances,” or “solid waste” under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, the Resource Conservation and Recovery Act of 1976,
and the Hazardous Materials Transportation Act, as amended, and in the regulations promulgated pursuant to said laws; those substances defined as “hazardous wastes” in section 25117 of the California Health & Safety Code, or
as “hazardous substances” in section 25316 of the California Health & Safety Code, as amended, and in the regulations promulgated pursuant to said laws; those substances listed in the United States Department of
Transportation Table (49 CFR 172.101 and amendments thereto) or designated by the Environmental Protection Agency (or any successor agency) as hazardous substances (see, e.g., 40 CFR Part 302 and amendments thereto); such
other substances, materials and wastes which are or become regulated or become classified as hazardous or toxic under any Laws, including without limitation the California Health & Safety Code, Division 20, and Title 26 of the
California Code of Regulations; and any material, waste or substance which is (i) petroleum, (ii) asbestos, (iii) polychlorinated biphenyls, (iv) designated as a “hazardous substance” pursuant to section 311 of the
Clean Water Act of 1977, 33 U.S.C. sections 1251 et seq. (33 U.S.C. § 1321) or listed pursuant to section 307 of the Clean Water Act of 1977 (33 U.S.C. § 1317), as amended; (v) flammable explosives;
(vi) radioactive materials; or (vii) radon gas. 
 Landlord shall have the right, upon reasonable advance notice to Tenant, to
inspect, investigate, sample and/or monitor the Premises, the Building and Common Area, including any soil, water, groundwater, or other sampling, to the extent reasonably necessary to determine whether Tenant is complying with the terms of this
Lease with respect to Hazardous Materials. In connection therewith, Tenant shall provide Landlord with reasonable access to all portions of the Premises; provided, however, that Landlord shall avoid any unreasonable interference with the operation
of Tenant’s business on the Premises. In the event Tenant has violated any of its covenants or agreements set forth in this Paragraph 6.4 or it is determined that Tenant has discharged or released Hazardous Materials in, on or under the
Premises or any other portion of the Project, then all reasonable costs incurred by Landlord in performing such inspections, investigation, sampling and/or monitoring shall be reimbursed by Tenant to Landlord as Additional Rent within thirty
(30) days after Landlord’s demand for payment. 
 7. Taxes. 

7.1 Personal Property Taxes. Tenant shall cause Tenant’s trade fixtures, equipment, furnishings, furniture, merchandise,
inventory, machinery, appliances and other personal property installed or located on the Premises (collectively the “personal property”) to be assessed and billed separately from the Land and the Building. Tenant shall pay before
delinquency any and all taxes, assessments and public charges levied, assessed or imposed upon or against Tenant’s personal property. If any of Tenant’s personal property shall be assessed with the Land or the Building, Tenant shall pay to
Landlord, as Additional Rent, the amounts attributable to Tenant’s personal property within thirty (30) days after receipt of a written statement from Landlord setting forth the amount of such taxes, assessments and public charges
attributable to Tenant’s personal property. Tenant shall comply with the provisions of any Law which requires Tenant to file a report of Tenant’s personal property located on the Premises. 

  
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 7.2 Other Taxes Payable Separately by Tenant. Tenant shall pay (or reimburse Landlord, as
Additional Rent, if Landlord is assessed), prior to delinquency or within thirty (30) days after receipt of Landlord’s statement thereof, any and all taxes, levies, assessments or surcharges payable by Landlord or Tenant and relating to
this Lease or the Premises (other than Landlord’s net income, succession, transfer, gift, franchise, estate or inheritance taxes, and Taxes, as that term is defined in Paragraph 7.3(a) below, payable as an Operating Expense), whether or
not now customary or within the contemplation of the parties hereto, whether or not now in force or which may hereafter become effective, including but not limited to taxes: 

(a) Upon, allocable to, or measured by the area of the Premises or the Rentals payable hereunder, including without limitation any gross
rental receipts, excise, or other tax levied by the state, any political subdivision thereof, city or federal government with respect to the receipt of such Rentals; 

(b) Upon or with respect to the use, possession occupancy, leasing, operation and management of the Premises or any portion thereof; 

(c) Upon this transaction or any document to which Tenant is a party creating or transferring an interest or an estate in the Premises; or

 (d) Imposed as a means of controlling or abating the use of energy or any natural resource (including without limitation gas,
electricity or water), including, without limitation, any parking taxes, levies or charges or vehicular regulations imposed by any governmental agency. Tenant shall also pay, prior to delinquency, all privilege, sales, excise, use, business,
occupation, or other taxes, assessments, license fees, or charges levied, assessed or imposed upon Tenant’s business operations conducted at the Premises. 

In the event any such taxes are payable by Landlord and it shall not be lawful for Tenant to reimburse Landlord for such taxes, then the
Rentals payable hereunder shall be increased to net Landlord the same net Rental after imposition of any such tax upon Landlord as would have been payable to Landlord prior to the imposition of any such tax. 

7.3 Common Taxes. 
 (a)
Definition of Taxes. The term “Taxes” as used in this Lease shall collectively mean (to the extent any of the following are not paid by Tenant pursuant to Paragraphs 7.1 and 7.2 above) all real estate taxes and general and
special assessments (including, but not limited to, assessments for public improvements or benefit); personal property taxes; taxes based on vehicles utilizing parking areas on the Land; taxes computed or based on rental income or on the square
footage of the Premises or the Building (including without limitation any municipal business tax but excluding federal, state and municipal net income taxes); increases in real property taxes arising from a change in ownership of the Project, or
applicable portion thereof; environmental surcharges; excise taxes; gross rental receipts taxes; sales and/or use taxes; employee taxes; water and sewer taxes, levies, assessments and other charges in the nature of taxes or assessments (including,
but not limited to, assessments for public improvements or benefit); and all other governmental, quasi-governmental or special district impositions of any kind and nature whatsoever; regardless of whether any of the foregoing are now customary or
within the contemplation of the parties hereto and regardless of whether resulting from 

  
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increased rate and/or valuation, or whether extraordinary or ordinary, general or special, unforeseen or foreseen, or similar or dissimilar to any of the foregoing and which during the Lease Term
are laid, levied, assessed or imposed upon Landlord and/or become a lien upon or chargeable against any portion of the Project under or by virtue of any present or future laws, statutes, ordinances, regulations, or other requirements of any
governmental, quasi-governmental or special district authority whatsoever. The term “environmental surcharges” shall include any and all expenses, taxes, charges or penalties imposed by the Federal Department of Energy, Federal
Environmental Protection Agency, the Federal Clean Air Act, or any regulations promulgated thereunder, or imposed by any other local, state or federal governmental agency or entity now or hereafter vested with the power to impose taxes, assessments
or other types of surcharges as a means of controlling or abating environmental pollution or the use of energy or any natural resource in regard to the use, operation or occupancy of the Project. The term “Taxes” shall include (to the
extent the same are not paid by Tenant pursuant to Paragraphs 7.1 and 7.2 above), without limitation, all taxes, assessments, levies, fees, impositions or charges levied, imposed, assessed, measured, or based in any manner whatsoever upon or
with respect to the use, possession, occupancy, leasing, operation or management of the Project or in lieu of or equivalent to any Taxes set forth in this Paragraph 7.3(a). In the event any such Taxes are payable by Landlord and it shall not be
lawful for Tenant to reimburse Landlord for such Taxes, then the Rentals payable hereunder shall be increased to net Landlord the same net Rental after imposition of any such Tax upon Landlord as would have been payable to Landlord prior to the
imposition of any such Tax. 
 (b) Operating Expense. All Taxes which are levied or assessed or which become a lien upon any portion
of the Project or which become due or accrue during the Lease Term shall be an Operating Expense, and Tenant shall pay as Additional Rent each month during the Lease Term 1/12th of its annual share of such Taxes, based on Landlord’s estimate
thereof, pursuant to Paragraph 12 below. Tenant’s share of Taxes during any partial tax fiscal year(s) within the Lease Term shall be prorated according to the ratio which the number of days during the Lease Term or of actual occupancy of
the Premises by Tenant, whichever is greater, during such year bears to 365. 
 8. Insurance; Indemnity; Waiver. 

8.1 Insurance by Landlord. Landlord shall, during the Lease Term, procure and keep in force the following insurance, the cost of which
shall be an Operating Expense, payable by Tenant pursuant to Paragraph 12 below: 
 (a) Property Insurance. “Special
Form” or “all risk” property insurance, covering the Building and other buildings located within the Project (and improvements located with the Common Area to the extent desired to be insured by Landlord). Such insurance shall be in
the full amount of the replacement cost of the foregoing, with reasonable deductible amounts, which deductible amounts shall be an Operating Expense, payable by Tenant pursuant to Paragraph 12. Such insurance may also include rental income
insurance, insuring that one hundred percent (100%) of the Rentals (as the same may be adjusted hereunder) will be paid to Landlord for a period of up to twelve (12) months if the Premises are destroyed or damaged, or such longer period as
may be determined by Landlord or required by any beneficiary of a deed of trust or any mortgagee of any mortgage affecting the Premises. Landlord may so insure the Project separately, or may insure the Project with other property owned by Landlord
which Landlord elects to insure together under the same policy or policies. Landlord shall have the right, but not the obligation, in its sole and absolute discretion, to obtain insurance for such additional perils that Landlord deems appropriate,
including, without limitation, coverage for damage by earthquake and/or flood. Such insurance maintained by Landlord as provided herein shall not cover any leasehold improvements installed in the Premises by Tenant at its expense, or Tenant’s
equipment, trade fixtures, inventory, fixtures, furniture or furnishings or personal property located on or in the Premises; 

  
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 (b) Liability Insurance. Commercial general liability (lessor’s risk) insurance
against any and all claims for personal injury, death or property damage occurring in or about the Building or the Land. Such insurance shall be on an occurrence basis and shall be in an amount as determined by Landlord; and 

(c) Other. Such other insurance as Landlord deems necessary and prudent. 

8.2 Insurance by Tenant. Tenant shall, during the Lease Term, at Tenant’s sole cost and expense, procure and keep in force the
following insurance: 
 (a) Personal Property Insurance. “Special Form” or “all risk” property insurance on all
leasehold improvements installed in the Premises by or on behalf of Tenant, and on all equipment, trade fixtures, inventory, fixtures and personal property located on or in the Premises, including improvements or fixtures hereinafter constructed or
installed on the Premises by Tenant or Tenant’s agents, employees, contractors or subcontractors. Such insurance shall be in an amount equal to the full replacement cost of the aggregate of the foregoing and shall provide coverage comparable to
the coverage in the standard ISO all risk form, subject to reasonable deductibles. Such insurance shall also provide coverage for water damage from any cause whatsoever, including, but not limited to, back up or overflow from sprinkler leakage,
bursting, leaking or stoppage of any pipes, explosion and back up of sewers and drainage. Landlord shall be named as a loss payee on Tenant’s property insurance covering any leasehold improvements the cost of which was paid for, in whole or in
part, by the Improvement Allowance referred to in Paragraph 2.3 above, and any proceeds of such property insurance policy attributable to such improvements shall be paid to Landlord and Tenant as their interests may appear. Tenant shall not be
required to maintain earthquake or flood insurance with respect to any leasehold improvements installed in the Premises by or on behalf of Tenant or any equipment, trade fixtures, inventory, fixtures and/or personal property located on or in the
Premises, including improvements or fixtures hereinafter constructed or installed on the Premises by Tenant or Tenant’s agents, employees, contractors or subcontractors. 

(b) Liability Insurance. Commercial general liability insurance for the mutual benefit of Landlord and Tenant, against any and all
claims for personal injury, death or property damage occurring in or about the Premises and Common Area or arising out of Tenant’s or Tenant’s agents’ use of the Common Area, use or occupancy of the Premises or Tenant’s
operations on the Premises. Such insurance shall be on an occurrence basis and have a combined single limit of not less than Two Million Dollars ($2,000,000) per occurrence (such minimum limit may take into consideration excess or umbrella liability
insurance maintained by Tenant covering the Premises and Common Area). The minimum limits specified above are the minimum amounts required by Landlord, and may be revised by Landlord from time to time to meet changed circumstances, including without
limitation to reflect changes consistent with the standards required by other landlords in the county in which the Premises are located and which are then being required of all other tenants at the Project whose use of their respective premises is
similar to Tenant’s permitted uses. Such liability insurance shall be primary and not contributing to any insurance available to Landlord, and Landlord’s insurance (if any) shall be in excess thereto. Such insurance shall specifically
insure Tenant’s performance of the indemnity, defense and hold harmless agreements contained in Paragraph 8.4, although Tenant’s obligations pursuant to Paragraph 8.4 shall not be limited to the amount of any insurance required
of or carried by Tenant under this Paragraph 8.2(b). Tenant shall be responsible for insuring that the amount of insurance maintained by Tenant is sufficient for Tenant’s purposes. 

(c) Intentionally Omitted. 

  
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 (d) Business Auto Liability Insurance. If applicable, business auto liability covering
owned, non-owned and hired vehicles with a limit of not less than $1,000,000 per accident. 
 (e) Workers Compensation Insurance.
Insurance protecting against liability under worker’s compensation laws with limits at least as required by statute. 
 (f)
Other. Such other insurance that is either (i) reasonably required by any lender holding a security interest in the Building and which is then commercially available at commercially reasonable rates and is customarily carried by tenants
of similar property in similar businesses, or (ii) reasonably required by Landlord and customarily carried by tenants of similar property in similar businesses. 

(g) Form of Policies. The policies required to be maintained by Tenant pursuant to Paragraphs 8.2(a), (b), (c) (d),
(e) and (f) above shall be with companies having a Best’s Insurance rating of A- VIII or better and be on forms, with deductible amounts (if any), and loss payable clauses (as to the insurance referred to in Paragraph 8.2(a)
applicable to leasehold improvements installed by or on behalf of Tenant) reasonably satisfactory to Landlord, shall include Landlord and the beneficiary or mortgagee of any deed of trust or mortgage encumbering the Premises and/or the Land as
additional insureds (other than for Workers Compensation), and shall provide that such parties may, although additional insureds, recover for any loss suffered by Tenant’s negligence. Certified copies of policies or certificates of insurance
shall be delivered to Landlord prior to the Commencement Date; a new policy or certificate shall be delivered to Landlord prior to the expiration date of the old policy. Tenant shall have the right to provide insurance coverage which it is obligated
to carry pursuant to the terms hereof in a blanket policy, provided such blanket policy expressly affords coverage to the Premises and Common Area and to Tenant as required by this Lease. Tenant shall notify and, if then generally obtainable from
Tenant’s insurance agent or broker or insurer, Tenant shall obtain a written obligation on the part of Tenant’s insurance agent or broker or insurer(s) to notify, Landlord and any beneficiary or mortgagee of a deed of trust or mortgage
encumbering the Premises and/or the Land in writing of any delinquency in premium payments and at least thirty (30) days prior to any cancellation or modification of any policy (but at least ten (10) days prior to cancellation of any
policy for non-payment of any premium). Tenant’s policies shall provide coverage on an occurrence basis and not on a claims made basis. In no event shall the limits of any policies maintained by Tenant be considered as limiting the liability of
Tenant under this Lease. 
 8.3 Failure by Tenant to Obtain Insurance. If Tenant does not take out the insurance required pursuant to
Paragraph 8.2 or keep the same in full force and effect, Landlord may, but shall not be obligated to, take out the necessary insurance and pay the premium therefor, and Tenant shall repay to Landlord, as Additional Rent, the amount so paid
promptly upon demand. In addition, Landlord may recover from Tenant and Tenant agrees to pay, as Additional Rent, any and all reasonable expenses (including reasonable attorneys’ fees) and damages which Landlord may sustain by reason of the
failure of Tenant to obtain and maintain such insurance, it being expressly declared that the expenses and damages of Landlord shall not be limited to the amount of the premiums thereon. 

8.4 Indemnification. Tenant shall indemnify, hold harmless, and defend Landlord with competent counsel reasonably satisfactory to
Landlord against all claims, liabilities, losses, damages, actions, causes of action, demands, judgments, penalties, costs and expenses arising out of any occurrence in, on or about the Building, Common Area or Land, if caused or contributed to by
Tenant or any of Tenant’s agents, employees, affiliates, contractors, subcontractors, invitees, licensees, sublessees 

  
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or other representatives or arising out of any occurrence in, upon or at the Premises or on account of the use, condition, or occupancy of the Premises; provided, however, such indemnification,
defense and hold harmless obligation shall not be applicable to any claims, losses, damages, expenses or liabilities to the extent arising out of the negligence or willful misconduct of Landlord or that of its agents, employees or contractors.
Tenant’s indemnification, defense and hold harmless obligations under this Lease shall include and apply to reasonable attorneys’ fees, investigation costs, and other costs actually incurred by Landlord. Tenant shall further indemnify,
defend and hold harmless Landlord from and against any and all claims, losses, damages, liabilities or expenses arising from any breach or default in the performance of any obligation on Tenant’s part to be performed under the terms of this
Lease. The provisions of this Paragraph 8.4 shall survive Lease Termination with respect to any damage, injury, liability, claim, death, breach or default occurring prior to such termination. Except as set forth in this Paragraph 8.4, this
Lease is made on the express condition that Landlord shall not be liable for, or suffer loss by reason of, injury to person or property, from whatever cause, in any way connected with the condition, use, or occupancy of the Premises specifically
including, without limitation, any liability for injury to the person or property of Tenant or Tenant’s agents, employees, affiliates, contractors, subcontractors, invitees, licensees, sublessees or other representatives. 

Notwithstanding anything to the contrary contained in this Lease, in no event shall Tenant be liable hereunder for any consequential damages;
provided, however, that the foregoing shall not limit Tenant’s liability for consequential damages as expressly provided in this Lease (e.g., third party claims under Tenant’s indemnity obligations, nor for consequential damages that may
be suffered by Landlord in connection with (i) any holding over in the Premises after the expiration of the Lease Term or earlier termination of this Lease without Landlord’s prior written consent in accordance with Paragraph 35 below, or
(ii) any breach by Tenant of any of the provisions of Paragraph 6.4 above. Further, nothing contained in this paragraph shall affect Landlord’s rights and remedies under Paragraph 14.2 below, including, without limitation, the remedy
afforded Landlord by California Civil Code Section 1951.2(a)(4) and more specifically described in Paragraph 14.2.1(d) below. 
 8.5
Claims by Tenant. Except as expressly provided in Paragraph 8.4, Landlord shall not be liable to Tenant, and Tenant waives all claims against Landlord, for injury or death to any person, damage to any property, or loss of use of any
property in any portion of the Project by and from all causes, including without limitation, any defect in any portion of the Project and/or any damage or injury resulting from fire, steam, electricity, gas, water or rain, which may leak or flow
from or into any part of the Premises, or from breakage, leakage, obstruction or other defects of pipes, sprinklers, wires, appliances, plumbing, air conditioning or lighting fixtures, whether the damage or injury results from conditions arising
upon the Premises or upon other portions of the Project or from other sources. Landlord shall not be liable for any damages arising from any act or negligence of any other tenant or user of the Project. Tenant or Tenant’s agents shall
immediately notify Landlord in writing of any known defect in the Project. Tenant’s waiver of claims and release of Landlord as provided in this Paragraph 8.5 above shall not apply to any damage or injury caused by Landlord’s willful
misconduct or negligence, or that of its agents, employees or contractors; provided, however, under no circumstances shall Landlord be liable to Tenant for consequential damages, such as lost profits, loss of business or lost income. 

8.6 Mutual Waiver of Subrogation. Landlord hereby releases Tenant, and Tenant hereby releases Landlord, and their respective officers,
agents, employees and servants, from any and all claims or demands of damages, loss, expense or injury to the Project, or to the furnishings, fixtures, equipment, inventory or other property of either Landlord or Tenant in, about or upon the
Project, which is caused by or results from perils, events or happenings which are the subject of insurance carried by the respective parties pursuant to this Paragraph 8 and in force at the time of any such loss, whether due to

  
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the negligence of the other party or its agents and regardless of cause or origin; provided, however, that such waiver shall be effective only to the extent permitted by the insurance covering
such loss, to the extent such insurance is not prejudiced thereby, and to the extent insured against. 
 9. Utilities. Tenant shall
pay during the Lease Term and prior to delinquency all charges for water, gas, light, heat, power, electricity, telephone or other communication service, janitorial service, trash pick-up, sewer and all other services supplied to Tenant or consumed
by Tenant on the Premises (collectively the “Services”) and all taxes, levies, fees or surcharges therefor. Tenant shall arrange for Services (except water service) to be supplied to the Premises and shall contract for all of the Services
(except for water service) in Tenant’s name prior to the Commencement Date (or prior to the date Tenant accepts possession of the Premises, or applicable portion thereof, pursuant to the terms of Paragraph 3.3 above). The Commencement Date
shall not be delayed by reason of any failure by Tenant to so contract for such Services. Landlord discloses to Tenant that gas and electrical usage is separately metered to the Premises and Tenant shall timely pay the applicable gas and electricity
provider (currently PG&E), prior to delinquency, for all gas and electricity used or consumed in the Premises during the Term of the Lease as measured by such separate meter. In the event that any of the Services are not separately metered (such
as water service) as of the Commencement Date, the cost of such Services shall be an Operating Expense and Tenant shall pay, as Additional Rent, Tenant’s proportionate share of such cost to Landlord as provided in Paragraph 12 below,
except that if any meter services less than the entire Building, Tenant’s proportionate share of the costs measured by such meter shall be based upon the square footage of the gross leasable area in the Premises as a percentage of the total
square footage of the gross leasable area of the portion of the Building serviced by such meter. Landlord may elect in its sole and absolute discretion to install a separate meter to measure water usage by Tenant with respect to the Premises and, if
such a separate meter is so installed by Landlord, Tenant shall pay, as Additional Rent, within thirty (30) days following receipt of invoice from time to time, for its water consumption and usage measured by such meter. If Landlord determines
that Tenant is using a disproportionate amount of any commonly metered Services or an amount in excess of the customary amount of any Services ordinarily furnished for use of the Premises in accordance with the uses set forth in Paragraph 6
above, then Landlord may elect to periodically charge Tenant, as Additional Rent, a sum equal to Landlord’s reasonable estimate of the cost of Tenant’s excess use of any or all such Services. If Tenant disputes the amount charged by
Landlord pursuant to the terms of the immediately preceding sentence, then Tenant shall have a right to dispute and audit such charges in accordance with the provisions of the last paragraph of Paragraph 12.2 below. Tenant may not withhold payment
of such charges pending completion of such audit. 
 The lack or shortage of any Services due to any cause whatsoever (except for a lack or
shortage proximately caused by the negligence or willful misconduct Landlord or that of its agents or employees) shall not affect any obligation of Tenant hereunder, and Tenant shall faithfully keep and observe all the terms, conditions and
covenants of this Lease and pay all Rentals due hereunder, all without diminution, credit or deduction. Tenant acknowledges and agrees that in no event shall Landlord be liable to Tenant for any consequential damages, such as lost profits, loss of
business or lost income, if there is any lack or shortage of any Services or utilities to the Premises. Notwithstanding the foregoing, if Services are interrupted as a result of the gross negligence or willful misconduct of Landlord for more than
three (3) consecutive business days and such interruption of Services renders the Premises or any portion thereof untenantable for the normal conduct of Tenant’s business at the Premises and Tenant has ceased using such untenantable
portion, then, provided Tenant gives Landlord written notice of such interruption of Service(s) within two (2) business days following the date Tenant first becomes aware of such interruption of Service(s), Tenant’s obligation to pay Rent
shall be abated with respect to the untenantable portion of the Premises that Tenant has ceased using for the period beginning on the fourth consecutive business day after the aforementioned conditions are met and ending on the earlier of
(x) the date Tenant recommences using the Premises or the applicable portion thereof, or (y) the date on which 

  
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the Service(s) is fully restored. In addition, if there is an interruption of Services not caused by Landlord’s gross negligence or willful misconduct that renders the Premises or any
portion thereof untenantable for the normal operation of Tenant’s business at the Premises and Tenant has ceased using such untenantable portion, but Tenant is not entitled to an abatement of Rent with respect to such untenantable portion of
the Premises pursuant to the terms of the immediately preceding sentence (because the interruption of such Services was not caused by Landlord’s gross negligence or willful misconduct), then, provided Tenant gives Landlord written notice of
such interruption of such Service(s) within two (2) business days following the date Tenant first becomes aware of such interruption of such Service(s) and provided further that Landlord is maintaining rental loss insurance and rental loss
insurance proceeds would be payable to Landlord if Tenant’s Rent were abated with respect to the portion of the Premises rendered untenantable by the interruption of such Service(s), then Tenant’s obligation to pay Rent shall be abated
with respect to the untenantable portion of the Premises that Tenant has ceased using for the period beginning on the fourth (4th) consecutive business day after the aforementioned conditions are met and ending on the earlier of (x) the
date Tenant recommences using the Premises or the applicable portion thereof, or (y) the date on which the Service(s) is fully restored; provided, however, Tenant’s Rent shall not be abated in an amount greater than the amount of rental
loss proceeds actually paid to Landlord with respect to the portion of the Premises rendered untenantable by the interruption of such Service(s). 

10. Repairs and Maintenance. 

10.1 Landlord’s Responsibilities. Subject to the provisions of Paragraph 15 below, Landlord shall maintain in good order and
repair the structural roof (and roof membrane), structural and exterior walls (including painting thereof) and foundations of the Building. Tenant shall give prompt written notice to Landlord of any known maintenance work required to be made by
Landlord pursuant to this Paragraph 10.1. The costs incurred by Landlord in maintaining and repairing (and replacing, if necessary) the roof membrane shall be an Operating Expense and Tenant shall pay, as Additional Rent, Tenant’s share of
such costs to Landlord as provided in Paragraph 12 below. All other costs incurred by Landlord pursuant to the provisions of this Paragraph 10.1 shall not be an Operating Expense but shall be the responsibility of Landlord to maintain and repair;
provided, however, however, if repair or replacement of the structural roof (and/or roof membrane), structural or exterior walls or foundations of the Building or subsurface utilities is caused by (i) Tenant’s breach of any of
Tenant’s obligations under this Lease, (ii) any misuse of the Premises or Building by, or negligence or willful misconduct of, Tenant or any of Tenant’s agents, employees, contractors, subcontractors, invitees, licensees, sublessees
or other representatives, then, to the extent so caused, Tenant, subject to Tenant’s right to dispute the same, shall reimburse or pay to Landlord as Additional Rent, within thirty (30) days following receipt of a written statement or
invoice and reasonable back up documentation of such costs, for one hundred percent (100%) of the costs paid or incurred by Landlord to repair or replace the same less any insurance proceeds received by Landlord allocable to such structural
roof (or roof membrane), structural or exterior walls, foundation or subsurface utilities. If Tenant disputes any of the costs or charges required to be paid by Tenant pursuant to the terms of the immediately preceding sentence, Tenant may not
withhold payment of such costs or charges billed or invoiced by Landlord to Tenant pending the resolution of such dispute. 
 10.2
Tenant’s Responsibilities. Except as expressly provided in Paragraph 10.1 above, and subject to the provisions of Paragraph 2.4 above, Tenant shall, at its sole cost, maintain the entire Premises and every part thereof,
including without limitation, windows, skylights, window frames, plate glass, freight docks, doors and related hardware, interior walls and partitions (but not structural walls), and the electrical, plumbing, lighting, heating, ventilation and air
conditioning systems servicing the Premises in good order, condition and repair. Tenant’s obligations with respect to the heating and air conditioning systems of the Premises shall, subject to Landlord’s one (1) year warranty set
forth in 

  
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Paragraph 2.4 above, include the replacement of components thereof; however, if an entire HVAC unit(s) shall need to be replaced, then Landlord shall be responsible for replacing such HVAC
unit(s) and, unless otherwise covered by Landlord’s one (1) year warranty referred to in Paragraph 2.4 above, the cost thereof shall be amortized at the lesser of (i) the annual rate of interest charged on the loan obtained by
Landlord to finance the replacement of such HVAC unit(s) (or if Landlord does not obtain a loan to finance such improvement, then at two percent (2%) above the prime rate or reference rate published in the Wall Street Journal (or if such rate
is not published in the Wall Street Journal, then the prime rate or reference rate established by a national bank selected by Landlord)), or (ii) the maximum rate permitted by law, over the useful life of the HVAC unit(s) (as reasonably
determined by Landlord) of such replacement HVAC unit(s), and shall be paid monthly by Tenant from the date of installation through Lease Termination or the expiration of the useful life of such replacement HVAC unit(s); provided, however, if the
replacement is made necessary due to Tenant’s breach of this Lease, any misuse of the Premises or Building by, or negligence or willful misconduct of, Tenant or any of Tenant’s agents, employees, contractors, subcontractors, invitees,
licensees, sublessees or other representatives, then Landlord (or Tenant if Landlord designates Tenant in writing to undertake such replacement of the applicable HVAC unit) shall undertake such replacement but the cost of such replacement shall,
subject to dispute by Tenant, be borne 100% by Tenant (or such lesser percentage as is commensurate with the percentage of fault of Tenant or its agents’, employees’, contractors’, subcontractors’, invitees’,
licensees’, sublessees’ or other representatives’ if Tenant was not the sole cause of such need for replacement) and shall be paid by Tenant to Landlord within thirty (30) days following Tenant’s receipt of a written invoice
or bill therefor. If Tenant disputes any of such replacement costs, then Tenant may not withhold payment of such replacement costs billed or charged to Tenant by Landlord pending resolution of such dispute. Tenant shall maintain continuously
throughout the Lease Term a service contract for the maintenance of all such HVAC equipment exclusively servicing the Premises with a licensed HVAC repair and maintenance contractor reasonably approved by Landlord, which contract provides for normal
quarterly periodic inspection and servicing of the HVAC equipment, and Tenant shall provide Landlord with inspection reports prepared by such HVAC repair and maintenance contractor within thirty (30) days following such quarterly inspections.
Tenant shall furnish Landlord with copies of the HVAC service contract(s), which shall provide that they may not be canceled or changed without at least thirty (30) days’ prior written notice to Landlord. Notwithstanding the foregoing,
Landlord may elect at any time to assume responsibility for the maintenance, repair and replacement of such HVAC equipment, and the cost of the repair, maintenance and/or replacement, as the case may be, shall be included in Operating Expenses
charged to Tenant unless such repair or replacement costs are covered by Landlord’s one (1) year warranty under Paragraph 2.4 above; provided, however, such replacement costs (together with interest thereon as provided in this paragraph
above) shall be amortized over the useful life of such replacement HVAC equipment unless covered by Landlord’s one (1) year warranty referred to in Paragraph 2.4 above. 

If Tenant fails to commence repairs or perform maintenance work required of Tenant hereunder within fourteen (14) days after written
notice from Landlord specifying the need for such repairs or maintenance work or Tenant thereafter fails to diligently process such repair or maintenance work to completion, Landlord or Landlord’s agents may, in addition to all other rights and
remedies available hereunder or by law and without waiving any alternative remedies, enter into the Premises and make such repairs and/or perform such maintenance work. If Landlord makes such repairs and/or performs such maintenance work, Tenant
shall reimburse Landlord upon demand and as Additional Rent, for the reasonable cost of such repairs and/or maintenance work. Landlord shall use reasonable efforts to avoid causing any inconvenience to Tenant or interference with the use of the
Premises by Tenant or Tenant’s agents during the performance of any such repairs or maintenance. Landlord shall have no liability to Tenant for any damage, inconvenience or interference with the use of the Premises by Tenant or Tenant’s
agents as a result of Landlord performing any such repairs or maintenance (except to the extent arising 

  
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out of the gross negligence or willful misconduct Landlord or that of its agents or employees; provided, however, under no circumstances shall Landlord be liable to Tenant for consequential
damages, including, without limitation, lost profits, loss of business or lost income). Tenant shall reimburse Landlord, on demand and as Additional Rent, for the cost of damage to the Project caused by Tenant or Tenant’s agents. Tenant
expressly waives the benefits of any statute now or hereafter in effect (including without limitation the provisions of subsection 1 of Section 1932, Section 1941 and Section 1942 of the California Civil Code and any similar law,
statute or ordinance now or hereafter in effect) which would otherwise afford Tenant the right to make repairs at Landlord’s expense (or to deduct the cost of such repairs from Rentals due hereunder) or to terminate this Lease because of
Landlord’s failure to keep the Premises in good and sanitary order. 
 11. Common Area. 

11.1 In General. Subject to the terms and conditions of this Lease and such rules and regulations as Landlord may from time to time
prescribe, Tenant and Tenant’s agents shall have, in common with other tenants of the Building and other buildings located on the Land and other permitted users, the nonexclusive right to use during the Lease Term the access roads, parking
areas, sidewalks, landscaped areas and other facilities on the Land or in the Building designated by Landlord for the general use and convenience of the occupants of the Building and other authorized users, which areas and facilities are referred to
herein as the “Common Area.” This right to use the Common Area shall terminate upon Lease Termination. Landlord reserves the right to promulgate such reasonable rules and regulations relating to the use of all or any portion of the
Common Area and/or the safety of tenants and occupants of the Project and to amend such rules and regulations from time to time with or without advance notice, as Landlord may deem appropriate for the best interests of the occupants of the Building
and other authorized users. Any amendments to the rules and regulations shall be effective as to Tenant, and binding on Tenant, upon delivery of a copy of such rules and regulations to Tenant. Tenant and Tenant’s agents shall observe such rules
and regulations, as the same may be amended, and any failure by Tenant or Tenant’s agents to observe and comply with the rules and regulations, as the same may be amended, shall be a Default by Tenant. Landlord shall not be responsible for the
nonperformance of the rules and regulations by any tenants or occupants of the Building or other authorized users, nor shall Landlord be liable to Tenant by reason of the noncompliance with or violation of the rules and regulations by any other
tenant or user. 
 Landlord shall at all times have exclusive control of the Common Area. Landlord shall have the right, without the same
constituting an actual or constructive eviction and without entitling Tenant to any abatement of rent, to: (i) close any part of the Common Area to whatever extent required in the opinion of Landlord’s counsel to prevent a dedication
thereof or the accrual of any prescriptive rights therein; (ii) temporarily close the Common Area to perform maintenance or for any other reason deemed sufficient by Landlord; (iii) change the shape, size, location and extent of the Common
Area; (iv) eliminate from or add to the Project any land or improvement, including multi-deck parking structures; (v) make changes to the Common Area including, without limitation, changes in the location of driveways, entrances
passageways, doors and doorways, elevators, stairs, restrooms, exits, parking spaces, parking areas, sidewalks or the direction of the flow of traffic and the site of the Common Area; (vi) remove unauthorized persons from the Project; and/or
(vii) change the name or address of the Building or Project. Landlord agrees not to make any change in the Common Areas that will materially and adversely interfere with Tenant’s use of the Premises as permitted under this Lease or reduce
Tenant’s parking spaces or reasonable access to the Premises. Tenant shall keep the Common Area clear of all obstructions created or permitted by Tenant. If in the opinion of Landlord unauthorized persons are using any of the Common Area by
reason of the presence of Tenant in the Building, Tenant, upon demand of Landlord, shall restrain such unauthorized use by appropriate proceedings. In exercising any 

  
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such rights regarding the Common Area, Landlord shall make a reasonable effort to minimize any disruption to Tenant’s business. Landlord shall have no obligation to provide guard services or
other security measures for the benefit of the Project. Tenant assumes all responsibility for the protection of Tenant and Tenant’s agents from acts of third parties; provided, however, that nothing contained herein shall prevent Landlord, at
its sole option, from providing security measures for the Project. 
 11.2 Parking Areas. Tenant is allocated and Tenant and
Tenant’s employees and invitees shall have the nonexclusive right to use not more than the number of parking spaces set forth in Paragraph 1.13, the location of which may be designated from time to time by Landlord. Neither Tenant nor
Tenant’s agents shall at any time use more parking spaces than the number so allocated to Tenant or park or permit the parking of their vehicles in any portion of the Land not designated by Landlord as a nonexclusive parking area. Tenant and
Tenant’s agents, employees, contractors, invitees, sublessees and guests shall not have the exclusive right to use any specific parking space. Notwithstanding the number of parking spaces designated for Tenant’s nonexclusive use, in the
event by reason of any Law relating to or affecting parking on the Land, or any other cause beyond Landlord’s reasonable control, Landlord is required to reduce the number of parking spaces on the Land, Landlord shall have the right to
proportionately reduce the number of Tenant’s parking spaces and the nonexclusive parking spaces of other tenants in the Building. Landlord reserves the right to promulgate such reasonable rules and regulations relating to the use of such
parking areas on the Land as Landlord may deem appropriate, provided that the same do not in any way charge Tenant for the right to use such parking areas. Landlord furthermore reserves the right, after having given Tenant reasonable notice, to have
any vehicles owned by Tenant or Tenant’s agents which are parked in violation of the provisions of this Paragraph 11.2 or in violation of Landlord’s rules and regulations relating to parking, to be towed away at the cost of the owner
of the towed vehicle. In the event Landlord elects or is required by any law to limit or control parking on the Land, by validation of parking tickets or any other method, Tenant agrees to participate in such validation or other program under such
reasonable rules and regulations as are from time to time established by Landlord, provided that the same do not in any way charge Tenant for the right to use such parking areas. Provided that Tenant’s use, occupancy and enjoyment of the
Premises or access to the Premises is not unreasonably interfered with, Landlord shall have the right to close, at reasonable times, all or any portion of the parking areas for any reasonable purpose, including without limitation, the prevention of
a dedication thereof, or the accrual of rights of any person or public therein. Tenant and Tenant’s agents shall not at any time park or permit the parking of (i) trucks or other vehicles (whether owned by Tenant or other persons) adjacent
to any loading areas so as to interfere in any manner with the use of such areas, (ii) Tenant’s or Tenant’s agents’ vehicles or trucks, or the vehicles or trucks of Tenant’s suppliers or others, in any portion of the Common
Area not designated by Landlord for such use by Tenant, or (iii) any inoperative vehicles or equipment on any portion of the Common Area. 

11.3 Maintenance by Landlord. Landlord shall maintain the Common Area in good repair and condition as determined by Landlord and shall
manage the Common Area in accordance with Landlord’s customary standards. The expenditures for such maintenance shall be at the reasonable discretion of Landlord. The cost of such maintenance, operation and management shall be an
“Operating Expense,” and Tenant shall pay to Landlord, as Additional Rent, Tenant’s share of such costs as provided in Paragraph 12 below. 

12. Operating Expenses. 

12.1 Definition. “Operating Expense” or “Operating Expenses” as used in this Lease shall mean and include all items
identified in other paragraphs of this Lease as an Operating Expense and the total cost paid or incurred by Landlord for the operation, maintenance, repair, security and management of the Project which costs shall include, without limitation: the
cost of Services and utilities 

  
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supplied to the Project (to the extent the same are not separately charged or metered to tenants of the Building or the Premises); water; sewage; trash removal; fuel; electricity; heat; lighting
systems; fire protection systems; storm drainage and sanitary sewer systems; periodic inspection and regular servicing of the heating, ventilation and air conditioning systems of the Premises (if undertaken, or caused to be undertaken, by Landlord
and not covered by Landlord’s one (1) year warranty referred to in Paragraph 2.4)); maintaining, repairing and replacing, if necessary, the roof membrane; property and liability insurance covering the Building (and other buildings located
on the Land) and the Land and any other insurance carried by Landlord pursuant to Paragraph 8 above; commercially reasonable deductibles under such insurance policies maintained by Landlord (provided, however, if payment of such deductible by
Landlord is caused or triggered by the willful misconduct of Tenant or any of its agents, employees, contractors, subcontractors, invitees, licensees, sublessees or other representatives, then Tenant shall reimburse or pay to Landlord, within thirty
(30) days following receipt of a statement or invoice, one hundred percent of the amount of such deductible); window cleaning; cleaning, sweeping, striping, sealing and/or resurfacing of parking and driveway areas; cleaning the Common Area;
cleaning and repairing of sidewalks, curbs, stairways; costs related to irrigation systems and Project signs; fees for licenses and permits required for the operation of the Project; the non-capital cost of complying with Laws, including, without
limitation, maintenance, alterations and repairs required in connection therewith (it being understood that capital costs of complying with Laws is further addressed below); costs related to landscape maintenance; the cost of contesting the validity
or applicability of any governmental enactments which may affect Operating Expenses; all additional costs and expenses incurred by Landlord with respect to the operation, protection, maintenance, repair and replacement of the Project which would be
considered a current expense (and not a capital expenditure) pursuant to generally accepted accounting principles; and, except to the extent such capital expenditures are to be borne by Landlord at its sole cost pursuant to the terms of Paragraph
2.4 or Paragraph 6.2 above, the costs of the following capital improvements to the Project: (x) capital improvements required to be constructed in order to comply with any Law (excluding hazardous materials Laws) not in effect or applicable to
the Project as of the date of this Lease (it being agreed that Landlord may not charge as an Operating Expense any compliance with any existing or future hazardous materials Law), (y) modification of existing or construction of additional
capital improvements or building service equipment for the purpose of reducing the consumption of utility Services or Operating Expenses of the Project or (z) replacement of capital improvements or building service equipment existing as of the
date of this Lease when required because of normal wear or obsolescence. The cost of (i) capital repair items or capital improvements (i.e., items which Landlord is required to capitalize and not expense in the current year for federal income
tax purposes) that are permitted herein, including, without limitation, replacement of the HVAC system serving the Premises and replacement of exterior windows, (ii) replacement of the roof membrane, (iii) resurfacing the parking lot, and
(iv) repainting the exterior of the Building, shall be amortized at the lesser of (x) the annual rate of interest charged on the loan obtained by Landlord to finance such improvement (or if Landlord does not obtain a loan to finance such
improvement, then at two percent (2%) above the prime rate or reference rate published in the Wall Street Journal (or if such rate is not published in the Wall Street Journal, then the prime rate or reference rate established by a national bank
selected by Landlord), or (y) the maximum rate permitted by law, over the useful life of the repair or item, and such amortized cost shall be included in Operating Expenses from the date of installation or repair through Lease Termination;
provided, however, if the HVAC system serving the Premises, parking areas, exterior windows or roof membrane need to be replaced due to (A) Tenant’s breach of any of Tenant’s obligations under this Lease, (B) any misuse of the
HVAC system, parking areas, exterior windows or roof membrane by, or negligence or willful misconduct of, Tenant or any of Tenant’s agents, employees, contractors, subcontractors, invitees, licensees, sublessees or other representatives, then
Tenant shall reimburse or pay to Landlord, within ten (10) days following receipt of a statement or invoice and reasonable back up documentation of such costs, for one hundred percent (100%) (or such lesser percentage as is commensurate
with the percentage of fault of Tenant or 

  
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its agents’, employees’, contractors’, subcontractors’, invitees’, licensees’, sublessees’ or other representatives’ if Tenant was not the sole cause of
such need for replacement) of the costs paid or incurred by Landlord to replace such HVAC system, parking areas, exterior windows or roof membrane, as the case may be, less any insurance proceeds received by Landlord allocable to the HVAC system,
parking areas, exterior windows or roof membrane. 
 In addition to Tenant’s obligation to pay to Landlord the Tenant’s percentage
share of Operating Expenses as provided herein, provided it is not included in the Operating Expenses, Tenant also shall pay to Landlord a management fee, as Additional Rent, on the first day of each month during the Lease Term, in an amount equal
to three percent (3%) of the monthly Rent payable by Tenant to Landlord under this Lease. 
 The specific examples of Operating
Expenses stated in this Paragraph 12.1 are in no way intended to and shall not limit the costs comprising Operating Expenses (except where otherwise expressly limiting, if at all), nor shall such examples be deemed to obligate Landlord to incur
such costs or to provide such services or to take such actions except as Landlord may be expressly required in other portions of this Lease, or except as Landlord, in its reasonable discretion, may elect. Subject to the terms and conditions hereof,
and the right of Tenant to audit Operating Expenses, all reasonable costs incurred by Landlord in good faith for the operation, maintenance, repair, security and management of the Project shall be deemed conclusively binding on Tenant. 

Notwithstanding the foregoing or anything to the contrary contained herein, the following shall be excluded from Landlord’s Operating
Expenses: 
  

	 	(1)	All capital expenditures and depreciation, except as otherwise explicitly provided in this Section 12.1; 

  

	 	(2)	Leasing fees or commissions, advertising and promotional expenses, legal fees, the cost of tenant improvements, build out allowances, moving expenses, assumption of rent under existing leases and other concessions
incurred in connection with leasing space in the Building or the Project; 

  

	 	(3)	Interest on indebtedness, debt amortization, ground rent, and refinancing costs for any mortgage or ground lease of the Building, the Project or the Land; 

 

	 	(4)	Legal, auditing, consulting and professional fees and other costs paid or incurred in connection with financings, refinancings or sales of any of Landlord’s interest in the Building, the Project or the Land;

  

	 	(5)	Costs incurred in performing work or furnishing services for any tenant (including Tenant), whether at such tenant’s or Landlord’s expense, to the extent that such work or service is in excess of any work or
service that Landlord is obligated to furnish to Tenant at Landlord’s expense (e.g., if Landlord agrees to provide extra cleaning to another tenant, the cost thereof would be excluded); 

 

	 	(6)	The cost of any item or service to the extent to which Landlord is actually reimbursed or compensated by insurance, any tenant (other than as an Operating Expense), or any third party; 

  
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	 	(7)	Insurance premiums to the extent any tenant causes Landlord’s existing insurance premiums to increase or requires Landlord to purchase additional insurance because of such tenant’s use of the Building for
other than office purposes; 

  

	 	(8)	Any advertising, promotional or marketing expenses for the Building or the Project; 

  

	 	(9)	The cost of any service or materials provided by any party related to Landlord, to the extent such costs exceed the reasonable cost for such service or materials absent such relationship in buildings similar to the
Buildings in the vicinity of the Building owned by third parties; 

  

	 	(10)	Penalties and interest for late payment of any obligations of Landlord, including, without limitation, taxes, insurance, equipment leases and other past due amounts; 

 

	 	(11)	Unfunded contributions to operating expense reserves; 

  

	 	(12)	Any management fee and any salaries or other compensation paid to employees of Landlord above the grade of Building manager (however, provided it is not included in Operating Expenses, Tenant shall be obligated to pay
to Landlord as a direct and separate charge a monthly management fee each month during the Lease Term equal to three percent (3%) of the monthly Rent payable by Tenant to Landlord under this Lease); 

 

	 	(13)	The cost of testing, remediation or removal of Hazardous Materials in the Building or on the Land, unless caused by Tenant or its contractors, subcontractors, agents, employees or invitees, in which event Tenant shall
pay one hundred percent (100%) of such costs; 

  

	 	(14)	Costs of repairs, replacements, alterations or improvements necessary to make the Building, the Project or the Land comply with applicable law as of the date of this Lease; 

 

	 	(15)	The cost of any services or systems for that portion of the Project occupied by Landlord or affiliates of Landlord or which are not provided generally to other tenants in the Project; 

 

	 	(16)	Landlord’s charitable and political contributions; 

  

	 	(17)	Costs of acquiring, leasing, installing, displaying, protecting, insuring, restoring or renewing works of art (however, the cost of routine maintenance of such artwork, if any, shall be an Operating Expense);

  

	 	(18)	Costs with respect to any common area cost of the Project in excess of the Building’s proportionate share thereof as described in Paragraph 1.10 above; 

 

	 	(19)	Costs incurred with respect to a sale or transfer of all or any portion of the Project or any interest therein; 

  

	 	(20)	Costs incurred in connection with building additional stories on the Building, or adding buildings or other structures adjoining the Building; and 

 

	 	(21)	Any bad debt loss, rent loss or reserves for bad debts or rent loss. 

  
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 12.2 Payment of Operating Expenses by Tenant. Prior to the Commencement Date, and annually
thereafter, Landlord shall deliver to Tenant an estimate of Operating Expenses for the succeeding year. Tenant’s payment of its percentage share of Operating Expenses shall be based upon Landlord’s estimate of Operating Expenses and shall
be payable in equal monthly installments in advance on the first day of each calendar month commencing on the date specified in Paragraph 1.6 and continuing throughout the Lease Term. Tenant shall pay to Landlord, as Additional Rent and without
deduction or offset, an amount equal to Tenant’s percentage share (stated in Paragraph 1.10 above) of the Operating Expenses. Alternatively, as Landlord may elect at any time or from time to time, to invoice Tenant directly for
Tenant’s percentage share of any Operating Expense(s) actually incurred or paid by Landlord but not theretofore billed to Tenant, and Tenant shall pay such the same within thirty (30) days after receipt of Landlord’s invoice, but not
more often than once each calendar month. 
 Landlord shall revise its estimate of Operating Expenses on an annual basis, and Landlord may
adjust the amount of Tenant’s monthly installment in the event of a material change in Operating Expenses during any year. 
 Within
one hundred twenty (120) days following the end of each calendar year, Landlord shall furnish Tenant an annual reconciliation statement (and a statement within one hundred twenty (120) days after Lease Termination) showing the actual
Operating Expenses for the period to which Landlord’s estimate pertains and shall concurrently either bill Tenant for the balance due (payable upon demand by Landlord) or credit Tenant’s account for the excess previously paid.
Notwithstanding anything to the contrary contained in this Lease, within one hundred eighty (180) days after receipt by Tenant of Landlord’s statement of Operating Expenses prepared pursuant to this Paragraph 12.2 for any prior annual
period during the Lease Term, any employee of Tenant or a certified public accountant or lease auditor selected by Tenant and reasonably approved by Landlord (provided such certified public accountant or lease charges for its services on an hourly
basis and not based on a percentage of recovery or similar incentive method) shall have the right to inspect the books of Landlord applicable to Operating Expenses for the immediately preceding year during the business hours of Landlord and upon not
less than five (5) business days’ advance notice, at Landlord’s office or, at Landlord’s option, such other location as Landlord reasonably may specify, for the purpose of verifying the information contained in the statement. All
expenses of such inspection shall be borne by Tenant unless it is determined by such accountant or lease auditor (and CPA Firm (as defined below) if such CPA firm is retained by Landlord or Tenant as provided below), that Landlord overstated
Tenant’s percentage share of Operating Expenses by more than five percent (5%), in which event Landlord shall reimburse Tenant for the reasonable cost of such audit. If Tenant’s inspection reveals a discrepancy in the comparative annual
reconciliation statement, Tenant shall deliver a copy of the inspection report and supporting calculations to Landlord within sixty (60) days after completion of the inspection. If Tenant and Landlord are unable to resolve the discrepancy
within thirty (30) days after receipt of the inspection report, either party may upon written notice to the other have the matter decided by an inspection by an independent certified public accounting firm approved by Landlord and Tenant (the
“CPA Firm”), which approval shall not be unreasonably withheld or delayed (or, if neither approve, then by expedited commercial arbitration pursuant to the rules of the American Arbitration Association, the cost of which shall be borne
equally by Landlord and Tenant). If the inspection by the CPA Firm shows that the actual amount of Operating Expenses payable by Tenant is greater than the amount previously paid by Tenant for such accounting period, Tenant shall immediately pay
Landlord the difference. If the inspection by the CPA firm shows that the actual amount to be paid by Tenant is less than the amount actually paid by Tenant, then the difference (plus Tenant’s reasonable audit expenses if such CPA firm
determines that Landlord overstated Tenant’s percentage share of Operating Expenses by more than five percent (5%)) shall be applied in payment of the next estimated monthly installments of Operating Expenses owing by Tenant, or in the
event such accounting follows the expiration of the Term hereof, such difference shall be 

  
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refunded to Tenant. Tenant may not withhold payment of any Operating Expenses pending completion of any inspection or audit of Operating Expenses. Unless Tenant asserts specific errors in its
inspection report with respect to a particular annual reconciliation statement, such annual reconciliation statement shall be deemed correct as between Landlord and Tenant, except as to individual components subsequently determined to be in error by
future audit. 
 13. Alterations and Improvements. 

13.1 In General. Tenant shall not make, or permit to be made, any alterations, removals, changes, enlargements, improvements or
additions (collectively “Alterations”) in, on, about or to the Premises, or any part thereof, including Alterations required pursuant to Paragraph 6.2, without the prior written consent of Landlord (which consent shall not be
unreasonably withheld or delayed) and without acquiring and complying with the conditions of all permits required for such Alterations by any governmental authority having jurisdiction thereof. Landlord hereby consents to Tenant making the
Alterations shown on the demo floor plan and floor plan attached hereto as Exhibit C, provided Tenant complies with all the other provisions of Paragraph 13 and 17 with respect to such Alterations. The term “Alterations” as used in
this Paragraph 13 shall also include all heating, lighting, electrical (including all wiring, conduit outlets, drops, buss ducts, main and subpanels), air conditioning and partitioning in the Premises made by Tenant regardless of how affixed to
the Premises. As a condition to the giving of its consent, Landlord may impose such reasonable requirements as Landlord reasonably may deem necessary, including without limitation, the manner in which the work is done; a right of approval of the
contractor (not to be unreasonably withheld, delayed or conditioned) by whom the work is to be performed (it being agreed that Tenant may use non-union labor); the times during which the work is to be accomplished; and the requirement that Tenant
reimburse Landlord, as Additional Rent, for Landlord’s actual costs for outside consultants incurred in reviewing any proposed Alteration (other than with respect to the Initial Tenant Improvements referred to in Section 2.3 below),
whether or not Landlord’s consent is granted. No completion bond shall be required to be posted by Tenant with respect to any Alteration unless the estimated cost of the Alterations comprising a work of improvement (as reasonably determined by
Landlord) is greater than Five Hundred Thousand Dollars ($500,000.00), in which event Landlord reserves the right to require that Tenant post a completion bond in an amount and form reasonably satisfactory to Landlord. In the event Landlord consents
to the making of any Alterations by Tenant, the same shall be made by Tenant at Tenant’s sole cost and expense, substantially in accordance with the plans and specifications approved by Landlord and in a manner causing Landlord and
Landlord’s agents and other tenants of the Building the least interference and inconvenience practicable under the circumstances. Tenant shall give written notice to Landlord five (5) days prior to employing any laborer or contractor to
perform services related to, or receiving materials for use upon the Premises, and prior to the commencement of any work of improvement on the Premises. Any Alterations to the Premises made by Tenant shall be made in accordance with applicable Laws
and in a first-class workmanlike manner. In making any such Alterations, Tenant shall, at Tenant’s sole cost and expense, file for and secure and comply with any and all permits or approvals required by any governmental departments or
authorities having jurisdiction thereof and any utility company having an interest therein. In no event shall Tenant make any structural changes to the Premises without Landlord’s prior written consent (which may be given or withheld in
Landlord’s sole and absolute discretion) or make any changes to the Premises which would weaken or impair the structural integrity of the Building or adversely affect any of the building systems serving the Building or Premises. 

13.2 Removal Upon Lease Termination. At the time Tenant requests Landlord’s consent to any Alterations, Tenant shall request a
decision from Landlord in writing as to whether Landlord will require Tenant, at Tenant’s expense, to remove any such Alterations and restore the Premises to their prior condition at Lease Termination and Landlord shall make such determination
and 

  
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shall so inform Tenant. Landlord may elect, at the time it approves Tenant’s Alterations (or if Tenant fails to requests Landlord’s consent to any Alterations, then at any time prior to
Lease Termination), to have all or a portion of such Alterations removed from the Premises at Lease Termination, and Tenant shall, at its sole cost and expense, remove at Lease Termination such Alterations designated by Landlord for removal and
repair all damage to the Project arising from such removal. In the event Tenant fails to remove any such Alterations designated by Landlord for removal, Landlord, without waiving any or all other rights and remedies available to Landlord, may remove
any Alterations made to the Premises by Tenant, restore the Premises to their prior condition and repair all damage to the Premises and Common Area arising from such removal, and may recover from Tenant all costs and expenses actually incurred
thereby, together with an amount equal to the fair rental value of the Premises for the period of time required for Landlord to accomplish such removal and restoration. Tenant’s obligation to pay such costs and expenses to Landlord shall
survive Lease Termination. Unless Landlord elects to have Tenant remove any such Alterations (or Landlord removes any such Alterations pursuant to its right above), all such Alterations, except for moveable furniture, personal property and
equipment, and trade fixtures of Tenant not affixed to the Premises, shall become the property of Landlord upon Lease Termination (without any payment therefor) and remain upon and be surrendered with the Premises at Lease Termination. 

13.3 Landlord’s Improvements. All fixtures, improvements or equipment which are installed, constructed on or attached to the
Premises, Building or Common Area by Landlord shall be a part of the realty and belong to Landlord. 
 14. Default and Remedies. 

14.1 Events of Default. The term “Default by Tenant” as used in this Lease shall mean the occurrence of any of the
following events: 
 (a) Tenant’s failure to pay when due any Rentals and such failure is not cured within ten (10) days after
delivery of written notice from Landlord specifying such failure to pay; 
 (b) Commencement and continuation for at least ninety
(90) days of any case, action or proceeding by, against or concerning Tenant under any federal or state bankruptcy, insolvency or other debtor’s relief law, including without limitation, (i) a case under Title 11 of the United States
Code concerning Tenant, whether under Chapter 7, 11, or 13 of such Title or under any other Chapter, or (ii) a case, action or proceeding seeking Tenant’s financial reorganization or an arrangement with any of Tenant’s creditors; 

(c) Voluntary or involuntary appointment of a receiver, trustee, keeper or other person who takes possession for more than ninety
(90) days of substantially all of Tenant’s assets or of any asset used in Tenant’s business on the Premises, regardless of whether such appointment is as a result of insolvency or any other cause; 

(d) Execution of an assignment for the benefit of creditors of substantially all assets of Tenant available by law for the satisfaction of
judgment creditors; 
 (e) Commencement of proceedings for winding up or dissolving (whether voluntary or involuntary) the entity of
Tenant, if Tenant is a corporation, limited liability company or a partnership (other than pursuant to a merger or consolidation in which Tenant is not the surviving entity and which does not require the consent of Landlord); 

  
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 (f) Levy of a writ of attachment or execution on Tenant’s interest under this Lease, if
such writ continues for a period of sixty (60) days; 
 (g) Transfer of this Lease or the Premises by Tenant in violation of the
provisions of Paragraph 24 below and such violation is not cured within ten (10) days after written notice of such violation if given by Landlord to Tenant; or 

(h) Breach by Tenant of any term, covenant, condition, warranty, or provision contained in this Lease (other than those referred to in any
other subsection of this Paragraph 14.1) or of any other obligation owing or due to Landlord and such breach is not cured within thirty (30) days after written notice of such breach is given by Landlord to Tenant (or if a breach under this
subparagraph 14.1(h) cannot be reasonably cured within thirty (30) days, if Tenant does not commence to cure the breach within the thirty (30) day period or does not diligently and in good faith prosecute the cure to completion). 

14.2 Remedies. Upon any Default by Tenant, Landlord shall have the following remedies, in addition to all other rights and remedies
provided by law, to which Landlord may resort cumulatively, or in the alternative: 
 14.2.1 Termination. Landlord may terminate this
Lease by giving written notice of termination to Tenant, in which event this Lease shall terminate on the date set forth for termination in such notice. In the event Landlord terminates this Lease, Landlord shall have the right to recover from
Tenant: 
 (a) The worth at the time of award of the unpaid Rentals which had been earned at the time of termination; 

(b) The worth at the time of award of the amount by which the unpaid Rentals 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; 
 (c) The worth at the time of award
(computed by discounting at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent) of the amount by which the Rentals for the balance of the Lease Term after the time of award exceed the amount of such
rental loss that Tenant proves could be reasonably avoided; 
 (d) Any other amounts necessary to compensate Landlord for all detriment
proximately caused by the Default by Tenant or which in the ordinary course of events would likely result, including without limitation the following: 

(i) Expenses in retaking possession of the Premises; 

(ii) Expenses for cleaning, repairing or restoring the Premises; 

(iii) Any unamortized real estate brokerage commission paid in connection with this Lease; 

(iv) Expenses for removing, transporting, and storing any of Tenant’s property left at the Premises (although Landlord shall have no
obligation to remove, transport, or store any such property); 

  
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 (v) Expenses of reletting the Premises, including without limitation, brokerage commissions and
reasonable attorneys’ fees; 
 (vi) Reasonable attorneys’ fees and court costs; and 

(vii) Costs of carrying the Premises such as repairs, maintenance, taxes and insurance premiums, utilities and security precautions (if any).

 (e) The “worth at the time of award” of the amounts referred to in subparagraphs (a) and (b) of this
Paragraph 14.2.1 is computed by allowing interest at an annual rate equal to the greater of: ten percent (10%); or five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth
(25th) day of the month immediately preceding the Default by Tenant, on advances to member banks under Sections 13 and 13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended, not to exceed the maximum rate
allowable by law. 
 14.2.2 Continuance of Lease. Upon any Default by Tenant and unless and until Landlord elects to terminate this
Lease pursuant to Paragraph 14.2.1 above, this Lease shall continue in effect after the Default by Tenant and Landlord may enforce all its rights and remedies under this Lease, including without limitation, the right to recover payment of
Rentals as they become due, less any amounts collected by Landlord as consideration for a re-letting of the Premises. Neither efforts by Landlord to mitigate damages caused by a Default by Tenant nor the acceptance of any Rentals shall constitute a
waiver by Landlord of any of Landlord’s rights or remedies, including the rights and remedies specified in Paragraph 14.2.1 above, except to the extent that such damages are actually mitigated or liquidated. 

15. Damage or Destruction. 

15.1 Definition of Terms. For the purposes of this Lease, the term: (a) “Insured Casualty” means damage to or
destruction of the Premises from a cause actually insured against, or required by this Lease to be insured against, for which the insurance proceeds paid or made available to Landlord are sufficient to rebuild or restore the Premises under then
existing building codes to the condition existing immediately prior to the damage or destruction; and (b) “Uninsured Casualty” means damage to or destruction of the Premises from a cause not actually insured against, or not
required to be insured against, or from a cause actually insured against but for which the insurance proceeds paid or made available to Landlord are for any reason insufficient to rebuild or restore the Premises under then-existing building codes to
the condition existing immediately prior to the damage or destruction, or from a cause actually insured against but for which the insurance proceeds are not paid or made available to Landlord within ninety (90) days of the event of damage or
destruction. 
 15.2 Insured Casualty. 

15.2.1 Rebuilding Required. In the event of an Insured Casualty where the extent of damage or destruction is less than twenty-five
percent (25%) of the then full replacement cost of the Premises, Landlord shall rebuild or restore the Premises to the condition existing immediately prior to the damage or destruction, provided the damage or destruction was not a result of a
willful act of Tenant, and that there exist no governmental codes or regulations that would interfere with Landlord’s ability to so rebuild or restore. 

  
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 15.2.2 Landlord’s Election. In the event of an Insured Casualty where the extent of
damage or destruction is equal to or greater than twenty-five percent (25%) of the then full replacement cost of the Premises, Landlord may, at its option and at its sole discretion, rebuild or restore the Premises to the condition existing
immediately prior to the damage or destruction, or terminate this Lease. Landlord shall notify Tenant in writing within sixty (60) days after the event of damage or destruction of Landlord’s election to either rebuild or restore the
Premises or terminate this Lease. 
 15.2.3 Continuance of Lease. If Landlord is required to rebuild or restore the Premises
pursuant to Paragraph 15.2.1 or if Landlord elects to rebuild or restore the Premises pursuant to Paragraph 15.2.2, this Lease shall remain in effect and Tenant shall have no claim against Landlord for compensation for inconvenience or
loss of business during any period of repair or restoration and all Rentals shall proportionately abate during the period following such casualty until the completion of such repair or restoration based upon the extent to which the damage or
destruction renders the Premises untenantable and Tenant is unable to occupy the Premises as a result of the same. 
 15.3 Uninsured
Casualty. In the event of an Uninsured Casualty, Landlord may, at its option and at its sole discretion (i) rebuild or restore the Premises as soon as reasonably possible at Landlord’s expense unless the damage or destruction was
caused by a willful act of Tenant, in which event Tenant shall pay all costs of rebuilding or restoring, in which event this Lease shall continue in full force and effect or (ii) terminate this Lease, in which event Landlord shall give written
notice to Tenant within sixty (60) days after the event of damage or destruction of Landlord’s election to terminate this Lease as of the date of the event of damage or destruction, and if the damage or destruction was caused by a willful
act of Tenant, then Tenant shall be liable therefore to Landlord. 
 15.4 Tenant’s Election. Notwithstanding anything to the
contrary contained in this Paragraph 15, Tenant may elect to terminate this Lease in the event the Premises are damaged or destroyed and, in the reasonable opinion of Landlord’s architect or construction consultants, the restoration of the
Premises cannot be substantially completed within two hundred ten (210) days after the event of damage or destruction (and such notice shall provide the later date by which such architect or consultant estimates the restoration to be complete).
Tenant’s election shall be made by written notice to Landlord within twenty (20) days after Tenant receives from Landlord the estimate of the time needed to complete repair or restoration of the Premises. If Tenant does not deliver said
notice within said twenty (20) day period, Tenant may not later terminate this Lease if substantial completion of the rebuilding or restoration occurs subsequent to said two hundred ten (210) day period, provided that Landlord is not
proceeding with diligence to rebuild or restore the Premises. If Tenant delivers said termination notice within said twenty (20) day period, this Lease shall terminate as of the date of the event of damage or destruction. 

15.5 Damage or Destruction Near End of Lease Term. Notwithstanding anything to the contrary contained in this Paragraph 15, in the
event the Premises are materially damaged or destroyed in whole or in part from any cause during the last twelve (12) months of the Lease Term and cannot reasonably be restored within thirty (30) days following the occurrence of such
damage or destruction, Landlord (or Tenant provided such damage or destruction was not caused by the acts, omissions, negligence or willful misconduct of Tenant or any of its agents, employees, contractors, invitees, licensees or other
representatives) may, at its option, terminate this Lease as of the date of the event of damage or destruction by giving written notice to the other of its election to do so within thirty (30) days after the event of such damage or destruction.

 15.6 Termination of Lease. If the Lease is terminated pursuant to this Paragraph 15, the current Rent and all other Rentals
shall be fully proportionately reduced during the period following 

  
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the event of damage or destruction until the date on which Tenant surrenders the Premises based upon the extent to which the damage or destruction renders the Premises untenantable and Tenant is
unable to occupy the Premises as a result of the same. The proceeds of insurance carried by Tenant pursuant to Paragraph 8.2 shall be paid to Landlord and Tenant, as their interests appear. 

15.7 Abatement of Rentals. If the Premises are to be rebuilt or restored pursuant to this Paragraph 15, the then all current
Rentals shall be proportionately reduced during the period of repair or restoration, based upon the extent to which the damage or destruction renders the Premises untenantable and Tenant is unable to occupy the Premises as a result of the same. 

15.8 Liability for Personal Property. Except to the extent arising out of the gross negligence or willful misconduct Landlord or that
of its agents, employees, contractors or invitees (and then subject to the provisions of Paragraph 8.6 above), in no event shall Landlord have any liability for, nor shall it be required to repair or restore, any injury or damage to any Alterations
to the Premises made by Tenant, trade fixtures, equipment, merchandise, furniture, or any other property installed by Tenant or at the expense of Tenant. If Landlord or Tenant does not elect to terminate this Lease pursuant to this
Paragraph 15, Tenant shall be obligated to promptly rebuild or restore the same to substantially the same condition existing immediately prior to the damage or destruction in accordance with the provisions of Paragraph 13.1, subject to
changes needed for Tenant’s business. 
 15.9 Waiver of Civil Code Remedies. Landlord and Tenant acknowledge that the rights and
obligations of the parties upon damage or destruction of the Premises are as set forth herein; therefore Tenant hereby expressly waives any rights to terminate this Lease upon damage or destruction of the Premises, except as specifically provided by
this Lease, including without limitation any rights pursuant to the provisions of Subdivision 2 of Section 1932 and Subdivision 4 of Section 1933 of the California Civil Code, as amended from time to time, and the provisions of any similar
law hereinafter enacted, which provisions relate to the termination of the hiring of a thing upon its substantial damage or destruction. Notwithstanding anything to the contrary contained herein, in no event shall Tenant have any liability to
Landlord (or any of its insurers or lenders or any other party) with respect to a casualty except for Landlord’s deductibles under Landlord’s casualty and/or property insurance policy or policies maintained by Landlord and except to the
extent such casualty is caused by the willful misconduct of Tenant or any of Tenant’s agents, employees, contractors, invitees, licensees, sublessees or other representatives; it being agreed by Landlord that Landlord has either obtained all
insurance that it requires for such a risk, or has, as a business decision, determined not to maintain such coverage. 
 16.
Condemnation. 
 16.1 Definition of Terms. For the purposes of this Lease, the term: (a) “Taking” means
a taking of the Premises, Common Area or Building or damage related to the exercise of the power of eminent domain and includes, without limitation, a voluntary conveyance, in lieu of court proceedings, to any agency, authority, public utility,
person or corporate entity empowered to condemn property; (b) “Total Taking” means the Taking of the entire Premises or so much of the Premises, Building or Common Area as to prevent or substantially impair the use thereof by
Tenant for the uses herein specified; provided, however, that in no event shall the Taking of less than twenty percent (20%) of the Premises or fifty percent (50%) of the Building and Common Area be considered a Total Taking;
(c) “Partial Taking” means the Taking of only a portion of the Premises, Building or Common Area which does not constitute a Total Taking; (d) “Date of Taking” means the date upon which the title to the Premises,
Building or Common Area or a portion thereof, passes to and vests in the condemnor or the effective date of any order for possession if issued prior to the date title vests in the condemnor; and (e) “Award” means the amount of
any award made, consideration paid, or damages ordered as a result of a Taking. 

  
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 16.2 Rights. The parties agree that in the event of a Taking all rights between them or in
and to an Award shall be as set forth herein. 
 16.3 Total Taking. In the event of a Total Taking during the Lease Term:
(a) the rights of Tenant under this Lease and the leasehold estate of Tenant in and to the Premises shall cease and terminate as of the Date of Taking; (b) Landlord shall refund to Tenant any prepaid Rent and the unused balance of the
Security Deposit; (c) Tenant shall pay Landlord any Rentals due Landlord under the Lease, prorated as of the Date of Taking; (d) to the extent the Award is not payable to the beneficiary or mortgagee of a deed of trust or mortgage
affecting the Premises, Tenant shall receive from the Award those portions of the Award attributable to trade fixtures of Tenant; and (e) the remainder of the Award shall be paid to and be the property of Landlord. Nothing contained in this
Paragraph 16.3 shall be deemed to deny Tenant its right to recover awards made by the condemning authority for moving costs, relocation costs, and costs attributable to goodwill and leasehold improvements installed by Tenant at Tenant’s
sole cost. 
 16.4 Partial Taking. In the event of a Partial Taking during the Lease Term: (a) the rights of Tenant under the
Lease and the leasehold estate of Tenant in and to the portion of the Premises taken shall cease and terminate as of the Date of Taking; (b) from and after the Date of Taking the Rent shall be an amount equal to the product obtained by
multiplying the then current Rent by the quotient obtained by dividing the fair market value of the Premises immediately after the Taking by the fair market value of the Premises immediately prior to the Taking; (c) to the extent the Award is
not payable to the beneficiary or mortgagee of a deed of trust or mortgage affecting the Premises, Tenant shall receive from the Award the portions of the Award attributable to trade fixtures of Tenant; and (d) the remainder of the Award shall
be paid to and be the property of Landlord. Each party waives the provisions of California Code of Civil Procedure Section 1265.130 allowing either party to petition the Superior Court to terminate this Lease in the event of a Partial Taking.
Nothing contained in this Paragraph 16.4 shall be deemed to deny Tenant its right to recover awards made by the condemning authority for moving costs, relocation costs, and costs attributable to goodwill and leasehold improvements installed by
Tenant. 
 17. Liens. 

17.1 Premises to Be Free of Liens. Tenant shall pay for all labor and services performed for, and all materials used by or furnished to
Tenant, Tenant’s agents, or any contractor employed by Tenant with respect to the Premises, subject to Tenant’s right to dispute the same. Tenant shall indemnify, defend and hold Landlord harmless from and keep the Project free from any
liens, claims, demands, encumbrances, or judgments, including all costs, liabilities and attorneys’ fees with respect thereto, created or suffered by reason of any labor or services performed for, or materials used by or furnished to Tenant or
Tenant’s agents or any contractor employed by Tenant with respect to the Premises. Tenant’s obligations under the immediately preceding sentence shall survive Lease Termination. Landlord shall have the right, at all times, to post and keep
posted on the Premises any notices permitted or required by law, or which Landlord shall deem proper for the protection of Landlord and the Premises, Building, Common Area and Land, and any other party having an interest therein, from
mechanics’ and materialmen’s liens, including without limitation a notice of non-responsibility. In the event Tenant is required to post an improvement bond with a public agency in connection with any work performed by Tenant on or to the
Premises, Tenant shall include Landlord as an additional obligee. 

  
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 17.2 Notice of Lien; Bond. Should any claims of lien be filed against, or any action be
commenced affecting the Premises, Tenant’s interest in the Premises or any other portion of the Project, Tenant shall give Landlord notice of such lien or action within five (5) business days after Tenant receives notice of the filing of
the lien or the commencement of the action. In the event that Tenant shall not, within thirty (30) days following the date Tenant becomes aware or receives notice of the imposition of any such lien, cause such lien to be released of record by
payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including
payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses incurred by Landlord in connection therewith, including attorneys’ fees and costs, shall be payable to Landlord by Tenant
as Additional Rent on demand. 
 18. Landlord’s Right of Access to Premises. Landlord reserves and shall have the right and
Tenant and Tenant’s agents shall permit Landlord and Landlord’s agents to enter the Premises at any reasonable time during normal business hours (except in the event of an emergency) and subject to any reasonable security measures of
Tenant that are applied to visitors to the Premises on a non-discriminatory basis for the purpose of (i) inspecting the Premises, (ii) performing Landlord’s maintenance and repair
responsibilities set forth herein, (iii) posting notices of non-responsibility during any period of construction, (iv) protecting the Premises in the event of an emergency and (v) exhibiting the Premises to prospective purchasers or
lenders at any reasonable time or, within the last twelve (12) months of the Term or following a Default by Tenant hereunder, to prospective tenants. In the event of an emergency, Landlord shall have the right to use any and all means which
Landlord reasonably may deem proper to gain access to the Premises. Any entry to the Premises by Landlord or Landlord’s agents in accordance with this Paragraph 18 or any other provision of this Lease shall not under any circumstances be
construed or deemed to be a forcible or unlawful entry into, or a detainer of the Premises, or an eviction of Tenant from the Premises or any portion thereof nor give Tenant the right to abate the Rentals payable under this Lease. Tenant hereby
waives any claims 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, except to the extent caused by the gross negligence or willful misconduct of
Landlord, its agents, employees or contractors, any other loss occasioned by Landlord’s or Landlord’s agents’ entry into the Premises as permitted by this Paragraph 18 or any other provision of this Lease. 

19. Landlord’s Right to Perform Tenant’s Covenants. Except as otherwise expressly provided herein, if Tenant shall at any
time fail to make any payment or perform any other act required to be made or performed by Tenant under this Lease beyond the expiration of applicable notice and cure periods, Landlord may upon ten (10) days written notice to Tenant, but shall
not be obligated to and without waiving or releasing Tenant from any obligation under this Lease, make such payment or perform such other act to the extent that Landlord may deem desirable, and in connection therewith, pay expenses and employ
counsel. All reasonable sums so paid by Landlord and all penalties, interest and reasonable costs in connection therewith shall be due and payable by Tenant as Additional Rent upon demand. 

20. Lender Requirements. 

20.1 Subordination. This Lease, at Landlord’s option, shall be subject and subordinate to the lien of any mortgages or deeds of
trust (including all advances thereunder, renewals, replacements, modifications, supplements, consolidations, and extensions thereof) in any amount(s) whatsoever now or hereafter placed on or against or affecting the Premises, Building or Land, or
Landlord’s interest or estate therein without the necessity of the execution and delivery of any further instruments on the part of Tenant to effectuate such subordination; provided, however, Tenant shall not

  
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be obligated to subordinate its rights and interests under this Lease to any future mortgage or deed of trust unless such mortgagee or holder of such deed of trust grants to Tenant
non-disturbance rights which shall provide that this Lease shall not be terminated or modified in any material way in the event of any foreclosure if Tenant is not in default beyond any applicable notice and cure periods under this Lease. If any
mortgagee or beneficiary shall elect to have this Lease prior to the lien of its mortgage or deed of trust, and shall give written notice thereof to Tenant, this Lease shall be deemed prior to such mortgage or deed of trust, whether this Lease is
dated prior or subsequent to the date of such mortgage or deed of trust or the date of the recording thereof. 
 20.2 Subordination
Agreements. Tenant shall execute and deliver, without charge therefor, such further instruments evidencing subordination of this Lease to the lien of any mortgages or deeds of trust affecting the Premises, Building or Land as may be required by
Landlord within twenty (20) days following Landlord’s request therefor; provided that such mortgagee or beneficiary under such mortgage or deed of trust agrees in writing that this Lease shall not be terminated or modified in any material
way in the event of any foreclosure if Tenant is not in default under this Lease beyond any applicable notice and cure periods under this Lease. Tenant shall not be obligated to subordinate this Lease to any future mortgage or deed of trust
affecting the Premises, Building or Land unless such mortgagee or beneficiary under such mortgage or deed of trust grants non-disturbance rights to Tenant pursuant to such mortgagee’s or beneficiary’s customary form of subordination,
non-disturbance and attornment agreement (“SNDA”). Failure of Tenant to execute such instruments evidencing subordination of this Lease shall constitute a Default by Tenant hereunder. Landlord agrees that, promptly following the
execution of this Lease, Landlord will obtain from its existing lender, if any, holding a security interest in the Building and Land a SNDA with Tenant on such lender’s customary form of SNDA and otherwise reasonably acceptable to Tenant. If,
as of the date this Lease is executed by Tenant, the Building, Land and/or Premises is encumbered by a mortgage or deed of trust, then this Lease shall be conditioned upon such existing mortgagee or deed of trust holder executing and delivering a
SNDA to Tenant. 
 20.3 Approval by Lenders. Tenant recognizes that the provisions of this Lease may be subject to the approval of
any financial institution that may make a loan secured by a new or subsequent deed of trust or mortgage affecting the Premises, Building or Land. If the financial institution should require, as a condition to such financing, any non-material
modifications of this Lease in order to protect its security interest in the Premises, Tenant agrees to negotiate in good faith with Landlord and such financial institution to agree on mutually acceptable modifications and execute the appropriate
amendments; provided, however, that no modification shall change the size, location or dimension of the Premises, or increase the Rentals payable by Tenant hereunder, or reduce Landlord’s obligations hereunder, or reduce Tenant’s rights
hereunder. 
 20.4 Attornment. In the event of foreclosure or the exercise of the power of sale under any mortgage or deed of trust
made by Landlord and covering the Premises, Building or Land, then, upon written request made therefore by the foreclosing lender or purchaser at such foreclosure sale, Tenant shall attorn to such foreclosing lender or such purchaser upon any such
foreclosure or sale and recognize such foreclosing lender or purchaser as the Landlord under this Lease. 
 20.5 Estoppel Certificates
and Financial Statements. 
 (a) Delivery by Tenant. Tenant shall, within ten (10) business days following request by
Landlord therefor and without charge, execute and deliver to Landlord any and all estoppel certificates and current financial statements of Tenant reasonably requested by Landlord in connection with the sale or financing of the Premises, Building or
Land, or requested by any lender 

  
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making a loan affecting the Premises, Building or Land. Landlord may require that Tenant in any estoppel certificate shall (i) certify that this Lease is unmodified and in full force and
effect (or, if modified, state the nature of such modification and certify that this Lease, as so modified, is in full force and effect) and has not been assigned, (ii) certify the date to which Rentals are paid in advance, if any,
(iii) acknowledge that there are not, to Tenant’s knowledge, any uncured defaults on the part of Landlord hereunder, or specify such defaults if claimed, (iv) evidence the status of this Lease as may be required either by a lender
making a loan to Landlord to be secured by a deed of trust or mortgage covering the Premises, Building or Land or a purchaser of the Premises, Building or Land from Landlord, (v) warrant that in the event any beneficiary of any security
instrument encumbering the Premises, Building or Land forecloses on the security instrument or sells the Premises, Building or Land pursuant to any power of sale contained in such security instrument, such beneficiary shall not be liable for the
cash Security Deposit or Letter of Credit, as applicable, unless the cash Security Deposit or Letter of Credit actually has been received by the beneficiary from Landlord, (vi) certify that all improvements to be constructed on the Premises by
Landlord have been substantially completed except for punch list items which do not prevent Tenant from using the Premises for its intended use, and (vii) certify such other matters relating to the Lease and/or Premises as may be reasonably
requested by a lender making a loan to Landlord or a purchaser of the Premises, Building or Land from Landlord. Any such estoppel certificate may be conclusively relied upon by any prospective purchaser of, or entity seeking to encumber, the
Premises, Building or Land. Any such estoppel certificate may be conclusively relied upon by any prospective purchaser or encumbrancer of the Premises, Building or Land. Any financial statements of Tenant shall include an opinion of a certified
public accountant (if available) (or otherwise certified as true and correct by an officer or managing member or managing partner of Tenant) and a balance sheet and profit and loss statement for the most recent fiscal year, or a reasonable
substitute for the form of such financial information, all prepared in accordance with generally accepted accounting principles consistently applied. 

(b) Nondelivery by Tenant. Tenant’s failure to deliver any financial statement or estoppel certificate as required pursuant to
Paragraph 20.5(a) above shall be a Default by Tenant if not delivered to Landlord within five (5) days following Tenant’s receipt of written notice that such financial statement or estoppel certificate required pursuant to Paragraph
20.5(a) is past due. 
 (c) Delivery by Landlord. Landlord shall, within ten (10) business days following request by Tenant
therefor and without charge, execute and deliver to Landlord any and all estoppel certificates reasonably requested by Tenant in connection with the assignment or subletting of this Lease or the Premises, or any portion thereof, or requested by any
lender making a loan to Tenant to be secured by any personal property, trade fixtures or equipment of Tenant to be placed in the Premises. Tenant may require that Landlord in any estoppel certificate shall (i) certify that this Lease is
unmodified and in full force and effect (or, if modified, state the nature of such modification and certify that this Lease, as so modified, is in full force and effect) and has not been assigned (or if assigned, state to whom this Lease has been
assigned by Landlord), (ii) certify the date to which Rentals are paid in advance, if any, (iii) acknowledge that there are not, to Landlord’s knowledge, any uncured defaults on the part of Tenant hereunder, or specify such defaults
if claimed, (iv) evidence the status of this Lease as may be required either by a lender making a loan to Tenant to be secured by any personal property, trade fixtures or equipment of Tenant to be placed in the Premises, (v) certify that
all improvements to be constructed on the Premises by Landlord have been substantially completed except for punch list items which do not prevent Tenant from using the Premises for its intended use, and (vi) certify such other matters relating
to the Lease and/or Premises as may be reasonably requested by a lender making a loan to Tenant to be secured by personal property, trade fixtures or equipment of Tenant to be placed in the Premises or an assignee or sublessee of Tenant’s
rights and interests under this Lease or the Premises, or applicable portion thereof. Any such estoppel certificate may be conclusively relied upon by any prospective 

  
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assignee or sublessee of Tenant or entity seeking to encumber such personal property, trade fixtures or equipment of Tenant to be placed in the Premises. Landlord’s failure to deliver any
estoppel certificate as required herein shall be a default by Landlord if not delivered to Tenant within five (5) days following Landlord’s receipt of a notice that such estoppel certificates required pursuant hereto is past due. 

21. Holding Over. This Lease shall terminate without further notice at the expiration of the Lease Term. Any holding over by Tenant
after Lease Termination shall not constitute a renewal or extension of the Lease Term, nor give Tenant any rights in or to the Premises except as expressly provided in this Lease. Any holding over after Lease Termination with the consent of Landlord
shall be construed to be a tenancy from month to month, during the first ninety (90) days, at one hundred twenty five percent (125%) of the greater of (i) the monthly Rent for the month preceding Lease Termination, or (ii) the
fair market rental value of the Premises (as reasonably determined by Landlord), in addition to all Additional Rent payable hereunder, and thereafter at one hundred fifty percent (150%) of the greater of (i) the monthly Rent for the month
preceding Lease Termination, or (ii) the fair market rental value of the Premises (as reasonably determined by Landlord), in addition to all Additional Rent payable hereunder, and shall otherwise be on the terms and conditions herein specified
insofar as applicable. If Tenant remains in possession of the Premises after Lease Termination without Landlord’s consent, Tenant shall indemnify, defend and hold Landlord harmless from and against any loss, damage, expense, claim or liability
resulting from Tenant’s failure to surrender the Premises, including, without limitation, any claim made by any succeeding tenant based on delay in the availability of the Premises resulting from Tenant’s failure to surrender the Premises
following the expiration or earlier termination of the Lease Term. The provisions of this Paragraph 21 shall survive the expiration or earlier termination of this Lease. 

22. Notices. Any notice required or desired to be given under this Lease shall be in writing, and all notices shall be given by
personal delivery or mailing. All notices personally given on Tenant may be delivered to any person apparently in charge at the Premises, on any corporate officer or agent of Tenant if Tenant is a corporation, or on any one signatory party if more
than one party signs this Lease on behalf of Tenant; any notice so given shall be binding upon all signatory parties as if served upon each such party personally. Any notice given pursuant to this Paragraph 22 shall be deemed to have been given
when personally delivered, or if mailed, when three (3) business days have elapsed from the time when such notice was deposited in the United States mail, certified or registered mail and postage prepaid, addressed to the party at the last
address given for purposes of notice pursuant to the provisions of this Paragraph 22. At the date of execution of this Lease, the addresses of Landlord and Tenant are set forth in Paragraph 1.12 above. 

23. Attorneys’ Fees. In the event either party hereto shall bring any action or legal proceeding for damages for an alleged breach
of any provision of this Lease, to recover Rentals, to enforce an indemnity, defense or hold harmless obligation, to terminate the tenancy of the Premises, or to enforce, protect, interpret, or establish any term, condition, or covenant of this
Lease or right or remedy of either party, the prevailing party shall be entitled to recover, as a part of such action or proceeding, reasonable attorneys’ fees and court costs, including reasonable attorneys’ fees and costs for appeal, as
may be fixed by the court or jury. Notwithstanding anything to the contrary contained in this Lease, “prevailing party” as used in this paragraph shall include the party who dismisses an action for recovery hereunder in exchange for sums
allegedly due, performance of covenants allegedly breached or considerations substantially equal to the relief sought in the action. 

  
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 24. Assignment, Subletting and Hypothecation. 

24.1 In General. Tenant shall not voluntarily sell, assign or transfer all or any part of Tenant’s interest in this Lease or in
the Premises or any part thereof, sublease all or any part of the Premises, or permit all or any part of the Premises to be used by any person or entity other than Tenant or Tenant’s employees, except as specifically provided in this
Paragraph 24. 
 24.2 Voluntary Assignment and Subletting. 

(a) Notice to Landlord. Except for transfers pursuant to Section 24.4, Tenant shall, by written notice, advise Landlord of
Tenant’s desire by a stated date (which date shall not be less than thirty (30) days nor more than one hundred twenty (120) days after the date of Tenant’s notice) to assign this Lease or to sublet all or any part of the Premises
for any part of the Lease Term. Tenant’s notice shall state the name, legal composition and address of the proposed assignee or subtenant, and Tenant shall provide the following information to Landlord with said notice: a term sheet containing
the terms of the proposed assignment agreement or sublease; a financial statement of the proposed assignee or subtenant prepared in accordance with generally accepted accounting principles (or otherwise in a manner reasonably acceptable to Landlord
to be able to evaluate the creditworthiness of such proposed assignee or subtenant) within one year prior to the proposed effective date of the assignment or subletting; the nature of the proposed assignee’s or subtenant’s business to be
carried on in the Premises; the payments to be made or other consideration to be given on account of the assignment or sublease; and such other pertinent information as may be reasonably requested by Landlord, all in sufficient detail to enable
Landlord to evaluate the proposed assignment or sublease and the prospective assignee or subtenant. If Landlord elects not to recapture the Premises pursuant to the terms of Paragraph 24.2(b) below, then Tenant also shall provide Landlord within a
true and complete copy of the proposed assignment agreement or sublease. Tenant’s notice shall not be deemed to have been served or given until such time as Tenant has provided Landlord with substantially all information reasonably requested by
Landlord pursuant to this Paragraph 24.2. Tenant shall promptly notify Landlord of any modification to the proposed terms of such assignment or sublease. 

(b) Offer to Terminate. If Tenant notifies Landlord of its desire to assign this Lease or Tenant’s interest herein or sublet more
than fifty percent of the Premises for more than fifty percent of the balance of the Lease Term (other than to a Permitted Transferee as provided in Paragraph 24.4 below), Tenant’s notice shall constitute an offer to terminate this Lease and
Landlord shall have the right, to be exercised by giving written notice to Tenant within fifteen (15) days after receipt of Tenant’s notice, to terminate the Lease and, in the event of such termination, this Lease shall terminate on the
date stated in the notice given by Tenant pursuant to Paragraph 24.2(a) or if not date is so stated in such notice then, this Lease shall terminate on the date such proposed assignment or subletting was to become effective, subject to any
obligations which have accrued and are unfulfilled as of such date. 
 (c) Landlord’s Consent. If Landlord does not exercise
its right to terminate pursuant to Paragraph 24.2(b) within fifteen (15) days after receipt of Tenant’s notice, Landlord shall not unreasonably withhold, condition or delay its consent to the proposed assignment or subletting, on the terms
and conditions specified in said notice, and Landlord shall deliver its notice to Tenant with respect to its consent or its withholding of its consent within such fifteen (15) day period. Without otherwise limiting the criteria upon which
Landlord may withhold its consent to any proposed assignment or sublease, if Landlord withholds its consent where Tenant is in material default beyond any applicable notice and cure period under this Lease, at the time of the giving of Tenant’s
notice or at any time thereafter, such withholding of consent shall be presumptively reasonable until such default is cured. In the event Landlord fails to deliver the required notice within such fifteen (15) day period, Tenant shall

  
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provide Landlord with an additional five (5) business days’ written notice (and such written notice shall expressly include the following: FAILURE TO RESPOND TO THIS NOTICE WITHIN
FIVE BUSINESS DAYS FOLLOWING RECEIPT OF THIS NOTICE, SHALL BE DEEMED A WITHHOLDING OF CONSENT BY LANDLORD TO THE PROPOSED ASSIGNMENT OR SUBLETTING REFERRED TO IN THIS NOTICE) and, if Landlord does not deliver its consent or notice of its
withholding of same within said additional five (5) business day period following Landlord’s receipt of such written notice, Landlord shall be deemed to have withheld its consent to the proposed assignment or subletting referred to in such
notice. Except for transfers pursuant to Section 24.4, fifty percent (50%) of any and all rent paid by an assignee or subtenant in excess of the Rentals to be paid under this Lease (prorated in the event of a sublease of less than the
entire Premises), after Tenant’s deduction therefrom of (i) tenant improvement costs paid by Tenant in order to obtain the Lease assignment or subletting in question, and (ii) all reasonable brokerage commissions paid by Tenant to
third parties not affiliated with Tenant in order to obtain the Lease assignment or subletting in question, shall be paid directly to Landlord, as Additional Rent, at the time and place specified in this Lease. For the purposes of this
Paragraph 24, the term “rent” shall include any consideration of any kind received, or to be received, by Tenant from an assignee or subtenant, if such sums are related to Tenant’s interest in this Lease or in the Premises,
including, but not limited to key money, bonus money, and payments (in excess of the fair market value thereof) for Tenant’s assets, fixtures, trade fixtures, inventory, accounts, goodwill, equipment, furniture, general intangibles, and any
capital stock or other equity ownership interest of Tenant. Any assignment or subletting without Landlord’s consent shall be voidable at Landlord’s option, and shall constitute a Default by Tenant. Landlord’s consent to any one
assignment or sublease shall not constitute a waiver of the provisions of this Paragraph 24 as to any subsequent assignment or sublease nor a consent to any subsequent assignment or sublease; further, Landlord’s consent to an assignment or
sublease shall not release Tenant from Tenant’s obligations under this Lease, and Tenant shall remain jointly and severally liable with the assignee or subtenant. 

(d) Assumption of Obligations. In the event Landlord consents to any assignment, such consent shall be conditioned upon the assignee
expressly assuming and agreeing to be bound by each of Tenant’s covenants, agreements and obligations contained in this Lease, pursuant to a written assignment and assumption agreement in a form reasonably approved by Landlord. Landlord’s
consent to any assignment or sublease shall be evidenced by Landlord’s signature on said assignment and assumption agreement or on said sublease or by a separate written consent prepared by Landlord and to be executed by Tenant and the
applicable assignee or sublessee. In the event Landlord consents to a proposed assignment or sublease, such assignment or sublease shall be valid and the assignee or subtenant shall have the right to take possession of the Premises only if an
executed original of the assignment or sublease is delivered to Landlord, and such document contains the same terms and conditions as stated in Tenant’s notice to Landlord given pursuant to Paragraph 24.2(a) above, except for any such
modifications to which Landlord has consented in writing. 
 24.3 Collection of Rent. Tenant hereby irrevocably gives to and confers
upon Landlord, as security for Tenant’s obligations under this Lease, the right, power and authority to collect all rents from any assignee or subtenant of all or any part of the Premises as permitted by this Paragraph 24, or otherwise,
and Landlord, as assignee of Tenant, or a receiver for Tenant appointed on Landlord’s application, may collect such rent and apply it toward Tenant’s obligations under this Lease; provided, however, that until the occurrence of any Default
by Tenant, or except as provided by the provisions of Paragraph 24.2(c) above, Tenant shall have the right to collect such rent. Upon the occurrence of any Default by Tenant, Landlord may at any time without notice in Landlord’s own name
sue for or otherwise collect such rent, including rent past due and unpaid, and apply the same, less costs and expenses of operation and collection, including reasonable attorneys’ fees, toward Tenant’s

  
 -44 

 
obligations under this Lease. Landlord’s collection of such rents shall not constitute an acceptance by Landlord of attornment by such subtenants. In the event of a Default by Tenant,
Landlord shall have all rights provided by this Lease and by law, and Landlord may, upon re-entry and taking possession of the Premises, eject all parties in possession or eject some and not others, or eject none, as Landlord shall determine in
Landlord’s sole discretion. 
 24.4 Corporations and Partnerships. If Tenant is a corporation or limited liability company, any
dissolution, merger, consolidation or other reorganization of Tenant, any sale or transfer (or cumulative sales or transfers) of the capital stock or membership interests of Tenant in excess of fifty percent (50%) (other than any sale or
transfer on a stock exchange), or any sale (or cumulative sales) of all or substantially all of the assets of Tenant shall be deemed an assignment of this Lease requiring the prior written consent of Landlord. If Tenant is a partnership, any
withdrawal or substitution (whether voluntary, involuntary, or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning fifty percent (50%) or more (cumulatively) of the partnership, any
assignment(s) of fifty percent (50%) or more (cumulatively) of any interest in the capital or profits of the partnership, or the dissolution of the partnership shall be deemed an assignment of this Lease requiring the prior written consent of
Landlord. Any such withdrawal or substitution of partners or assignment of any interest in or dissolution of a partnership tenant, and any such sale of stock, membership interests or assets of a corporate or limited liability company tenant or
dissolution, merger, consolidation or other reorganization of a corporate or limited liability company without the prior written consent of Landlord shall be a Default by Tenant hereunder. The foregoing notwithstanding, the sale or transfer of any
or all of the capital stock of a corporation, the capital stock of which is now or hereafter becomes publicly traded, shall not be deemed an assignment of this Lease. 

Notwithstanding anything to the contrary contained in this Lease, Tenant, without Landlord’s prior written consent (but with prior
written notice to Landlord), may sublet the Premises or assign this Lease to (i) a subsidiary, affiliate or corporation controlled by, which controls or is under common control with Tenant; (ii) a successor corporation related to Tenant by
merger, consolidation, non-bankruptcy reorganization or government action; or (iii) a purchaser of all or substantially all of Tenant’s assets, provided that in either of the latter two instances the
successor or purchaser has a net worth not less than the greater of (x) the net worth of Tenant at the time Tenant execute this Lease or (y) the net worth of Tenant as of the effective date of such assignment or subletting (each of the
transferees in (i), (ii) and (iii) hereof, a “Permitted Transferee”). Notwithstanding that a Transfer is made to a Permitted Transferee, Tenant shall not be released from any of its obligations under this Lease and such Permitted
Transferee shall be required to assume in writing all of Tenant’s obligations hereunder as a condition to such transfer being permitted without Landlord’s prior written consent. 

24.5 Reasonable Provisions. Tenant expressly agrees that the provisions of this Paragraph 24 are not unreasonable standards or
conditions for purposes of Section 1951.4(b)(2) of the California Civil Code, as amended from time to time, under bankruptcy laws, or for any other purpose. 

24.6 Attorneys’ Fees. Except for transfers pursuant to Section 24.4, Tenant shall pay, as Additional Rent, Landlord’s
reasonable attorneys’ fees for reviewing, investigating, processing and/or documenting any requested assignment or sublease, whether or not Landlord’s consent is granted. 

24.7 Involuntary Transfer. No interest of Tenant in this Lease shall be assignable involuntarily or by operation of law, including,
without limitation, the transfer of this Lease by testacy or intestacy. Each of the following acts shall be considered an involuntary assignment: 

  
 -45 

 (a) If Tenant is or becomes bankrupt or insolvent, makes an assignment for the benefit of
creditors, or a proceeding under any bankruptcy law is instituted in which Tenant is the bankrupt; or, if Tenant is a partnership or consists of more than one person or entity, if any partner of the partnership or other person or entity is or
becomes bankrupt or insolvent, or makes an assignment for the benefit of creditors; 
 (b) Levy of a writ of attachment or execution on
this Lease; 
 (c) Appointment of a receiver with authority to take possession of the Premises in any proceeding or action to which Tenant
is a party; or 
 (d) Foreclosure of any lien affecting Tenant’s interest in the Premises, which lien was not consented to by Landlord
pursuant to Paragraph 24.8. 
 An involuntary assignment shall constitute a Default by Tenant and Landlord shall have the right to terminate this
Lease, in which case this Lease shall not be treated as an asset of Tenant. In the event the Lease is not terminated, the provisions of Paragraph 24.2(c) regarding rents paid by an assignee or subtenant shall apply. If a writ of attachment or
execution is levied on this Lease, or if any involuntary proceeding in bankruptcy is brought against Tenant or a receiver is appointed, Tenant shall have sixty (60) days in which to cause the attachment or execution to be removed, the
involuntary proceeding dismissed, or the receiver removed. 
 24.8 Hypothecation. Tenant shall not hypothecate, mortgage or encumber
Tenant’s interest in this Lease or in the Premises or otherwise use this Lease as a security device in any manner without the consent of Landlord, which consent Landlord may withhold in its sole and absolute discretion. Consent by Landlord to
any such hypothecation or creation of a lien or mortgage shall not constitute consent to an assignment or other transfer of this Lease following foreclosure of any permitted lien or mortgage. The foregoing shall not prevent the leasing or financing
of equipment or moveable fixtures at the Premises by Tenant. 
 24.9 Binding on Successors. The provisions of this Paragraph 24
expressly apply to all heirs, successors, sublessees, assignees and transferees of Tenant. 
 25. Successors. Subject to the
provisions of Paragraph 24 above and Paragraph 30.2(a) below, the covenants, conditions, and agreements contained in this Lease shall be binding on the parties hereto and on their respective heirs, successors and assigns. 

26. Landlord Default; Mortgagee Protection. Landlord shall not be in default under this Lease unless Tenant shall have given Landlord
written notice of the breach and, within thirty (30) days after notice, Landlord has not cured the breach or, if the breach is such that it cannot reasonably be cured under the circumstances within thirty (30) days, has not commenced
diligently to prosecute the cure to completion; provided, however, if Landlord’s failure to perform any obligation under this Lease causes an imminent threat to persons or property, then Landlord shall, upon becoming aware of such imminent
threat, promptly take action to alleviate such threat. Any money judgment obtained by Tenant based upon Landlord’s breach of this Lease shall be satisfied only out of the proceeds of the sale or disposition of Landlord’s interest in the
Project (whether by Landlord or by execution of judgment) and/or insurance and condemnation proceeds to which Landlord is entitled with respect to the Project. In the event of any breach or default of this Lease by Landlord, Tenant shall not have
any recourse against any of Landlord’s members, officers, directors, shareholders or partners with respect to such breach and under no circumstances shall Landlord be liable to Tenant for any claim of consequential damages, including,

  
 -46 

 
without limitation, lost profits, loss of income or loss of business. In the event of any default on the part of Landlord under this Lease, Tenant shall give notice by registered or certified
mail to any beneficiary of a deed of trust or any mortgagee of a mortgage affecting the Premises, Building or Land whose address shall have been furnished to Tenant, and shall offer such beneficiary or mortgagee a reasonable opportunity to cure the
default, including time to obtain possession of the Premises by power of sale or judicial foreclosure, if such should prove necessary to effect a cure. 

27. Exhibits. All exhibits attached to this Lease shall be deemed to be incorporated herein by the individual reference to each such
exhibit, and all such exhibits shall be deemed to be a part of this Lease as though set forth in full in the body of the Lease. 
 28.
Surrender of Lease Not Merger. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger and shall, at the option of Landlord, terminate all or any existing subleases or subtenants, or
may, at the option of Landlord, operate as an assignment to Landlord of any or all such subleases or subtenants. 
 29. Waiver. The
waiver by Landlord or Tenant, as applicable, of any breach of any term, covenant or condition herein contained (or the acceptance by Landlord or Tenant of any performance by the other party after the time the same shall become due) shall not be
deemed to be a waiver of such term, covenant or condition or any subsequent breach thereof or of any other term, covenant or condition herein contained, unless otherwise expressly agreed to by such waiving party in writing. The acceptance by
Landlord of any sum less than that which is required to be paid by Tenant shall be deemed to have been received only on account of the obligation for which it is paid (or for which it is allocated by Landlord, in Landlord’s reasonable
discretion, if Tenant does not designate the obligation as to which the payment should be credited), and shall not be deemed an accord and satisfaction notwithstanding any provisions to the contrary written on any check or contained in any letter of
transmittal. The acceptance by Landlord of any sum tendered by a purported assignee or transferee of Tenant shall not be deemed a consent by Landlord to any assignment or transfer of Tenant’s interest herein. No custom or practice which may
arise between the parties hereto in the administration of the terms of this Lease shall be construed as a waiver or diminution of Landlord’s right to demand performance by Tenant in strict accordance with the terms of this Lease. 

30. General. 
 30.1
Captions and Headings. The captions and paragraph headings used in this Lease are for convenience of reference only. They shall not be construed to limit or extend the meaning of any part of this Lease, and shall not be deemed relevant in
resolving any question of interpretation or construction of any paragraph of this Lease. 
 30.2 Definitions. 

(a) Landlord. The term Landlord as used in this Lease, so far as the covenants or obligations on the part of Landlord are concerned,
shall be limited to mean and include only the owner at the time in question of the fee title to the Premises. In the event of any transfer(s) of such interest, the Landlord herein named (and in case of any subsequent transfers or conveyances, the
then grantor) shall have no further liability under this Lease to Tenant except as to matters of liability which have accrued and are unsatisfied as of the date of such transfer or which the successor (other than a foreclosing lender or purchaser at
a foreclosure sale) has not expressly assumed, it being intended that the covenants and obligations contained in this Lease on the part of Landlord shall be binding on Landlord and its successors and assigns only during and in respect of their
respective periods of 

  
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ownership of the fee; provided that any funds in the possession of Landlord or the then grantor and as to which Tenant has an interest, less any deductions permitted by law or this Lease, shall
be turned over to the grantee. The covenants and obligations contained in this Lease on the part of Landlord shall, subject to the provisions of this Paragraph 30.2(a), be binding upon each Landlord and such Landlord’s heirs, personal
representatives, successors and assigns only during its respective period of ownership. 
 (b) Agents. For purposes of this Lease
and without otherwise affecting the definition of the word “agent” or the meaning of an “agency,” the term “agents” shall be deemed to include the agents and employees of Landlord or Tenant, as the case may be, and also
with respect to Tenant, its officers, directors, members, partners, invitees, contractors, successors, representatives, subcontractors, guests, customers, suppliers, affiliated companies, and any other person or entity related in any way to Tenant.

 (c) Interpretation of Terms. The words “Landlord” and “Tenant” as used herein shall include the plural as
well as the singular. Words in the neuter gender include the masculine and feminine and words in the masculine or feminine gender include the neuter. 

30.3 Copies. Any executed copy of this Lease shall be deemed an original for all purposes. 

30.4 Time of Essence. Time is of the essence as to each and every provision in this Lease requiring performance within a specified
time. 
 30.5 Severability. In case any one or more of the provisions contained herein shall for any reason be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Lease, but this Lease shall be construed as if such invalid, illegal or unenforceable provision had not been
contained herein. However, if Tenant’s obligation to pay the Rentals is determined to be invalid or unenforceable, this Lease at the option of Landlord shall terminate. 

30.6 Governing Law. This Lease shall be construed and enforced in accordance with the laws of the State of California. 

30.7 Joint and Several Liability. If Tenant is more than one person or entity, each such person or entity shall be jointly and
severally liable for the obligations of Tenant hereunder. If Tenant is a husband and wife, the obligations hereunder shall extend to their sole and separate property as well as community property. 

30.8 Construction of Lease Provisions. Although the provisions of this Lease were prepared by Landlord, the doctrine or rule of
construction that ambiguities in this Lease shall be construed against the party drafting the same shall not be employed in connection with this Lease and this Lease shall be construed in accordance with the general tenor of the language to reach a
fair and equitable result. 
 30.9 Tenant’s Financial Statements. Tenant hereby warrants that all financial statements delivered
by Tenant to Landlord are true, correct, and complete, and prepared in accordance with generally accepted accounting principles. Tenant acknowledges and agrees that Landlord is relying on such financial statements in accepting this Lease, and that a
breach of Tenant’s warranty as to such financial statements shall constitute a Default by Tenant. 

  
 -48 

 30.10 Withholding of Landlord’s Consent. Notwithstanding any other provision of this
Lease where Tenant is required to obtain the consent (whether written or oral) of Landlord to do any act, or to refrain from the performance of any act, Tenant agrees that if Tenant is in material default with respect to any term, condition,
covenant or provision of this Lease, then, solely for the period that Tenant remains in material default, Landlord shall be deemed to have acted reasonably in withholding its consent if said consent is, in fact, withheld. 

31. Signs. Tenant shall not place or permit to be placed any sign or decoration on the Land or on the exterior of the Building or that
would be visible from the exterior of the Building or Premises, without the prior written consent of Landlord, which consent shall not be unreasonably withheld, delayed or conditioned. Subject to compliance with the provisions of this Paragraph 31,
Landlord agrees that Tenant, at its sole cost and expense, may place Tenant identification signage on one panel of the monument sign located outside of the exterior of the Building and dedicated to the Building. Tenant may place “for
lease” signs in connection with efforts to assign or sublease the Premises, subject to the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed; provided that all such for lease signs of
Tenant shall be removed by Tenant, at Tenant’s cost, not later than one hundred eighty (180) days prior to Lease Termination. In no event shall any Tenant sign revolve, rotate, move or create the illusion of revolving, rotating or moving
or be internally illuminated and there shall be no exterior spotlighting or other illumination on any such sign. Tenant, upon written notice by Landlord, shall immediately remove any of Tenant’s signs or decorations that are visible from the
exterior of the Building or Premises or that Tenant has placed or permitted to be placed on the Land or the exterior of the Building without the prior written consent of Landlord. If Tenant fails to so remove such sign or decoration within fifteen
(15) days after Landlord’s written notice (or such earlier time period as may be prescribed by the City of San Jose if such sign is in violation of any City sign ordinance, rule or regulation), Landlord may enter the Premises and remove
such sign or decoration and Tenant shall pay Landlord, as Additional Rent upon demand, the cost of such removal. All signs placed on the Premises, Building or Land by Tenant shall comply with all recorded documents affecting the Premises, including
but not limited to any Declaration of Conditions, Covenants and Restrictions; the sign criteria attached hereto as, or set forth in, Exhibit E (as the same may be amended from time to time); and applicable statutes, ordinances, rules and
regulations of governmental agencies having jurisdiction thereof. At Landlord’s option, Tenant shall at Lease Termination remove any sign which Tenant has placed on the Premises, Land or the Building, and shall, at its sole cost, repair any
damage caused by the installation or removal of such sign. Landlord hereby approves Tenant’s identification sign as depicted on Exhibit H attached hereto and to be placed on the monument sign panel referred to above. Tenant may replace
such sign depicted on Exhibit H attached hereto from time to time during the Lease Term provided such replacement sign is substantially the same as that depicted on Exhibit H attached hereto. 

32. Landlord as Party Defendant. If, by reason of any act or omission by Tenant or Tenant’s agents, Landlord is made a party
defendant concerning this Lease, or any portion of the Project, Tenant shall indemnify Landlord against all liability actually incurred (or threatened against) Landlord as a party defendant, including all damages, costs and reasonable
attorneys’ fees. 
 33. Landlord Not a Trustee. Landlord shall not be deemed to be a trustee of any funds paid to Landlord by
Tenant (or held by Landlord for Tenant) pursuant to this Lease, including without limitation the Security Deposit or proceeds of the Letter of Credit. Landlord shall not be required to keep any such funds separate from Landlord’s general funds
or segregated from any funds paid to Landlord by (or held by Landlord for) other tenants of the Building. Any funds held by Landlord pursuant to this Lease shall not bear interest. 

  
 -49 

 34. Interest. Any payment due from Tenant to Landlord shall bear interest from the date
due until paid, at an annual rate equal to the greater of: ten percent (10%); or five percent (5%) plus the rate established by the Federal Reserve Bank of San Francisco, as of the twenty-fifth (25th) day of the month immediately preceding
the due date, on advances to member banks under Sections 13 and 13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended. In addition, Tenant shall pay all costs and reasonable attorneys’ fees incurred by
Landlord in the collection of such amounts. 
 35. Surrender of Premises. On the last day of the Lease Term or upon the sooner
termination of this Lease, Tenant shall, to the reasonable satisfaction of Landlord, surrender the Premises to Landlord in good condition (reasonable wear and tear, obsolescence, acts of God, Hazardous Materials other than those stored, used or
disposed of by Tenant, its agents, employees, contractors, sublessees, licensees or invitees, and alterations concerning which Landlord has not reserved the right to require removal excepted). Tenant shall remove all of Tenant’s personal
property and trade fixtures from the Premises (but not any data communication cabling), and all property not so removed shall be deemed abandoned by Tenant. Furthermore, Tenant shall immediately repair all damage to the Project caused by any such
removal. In addition, prior to Lease Termination, Tenant shall, at its sole cost, take all actions necessary to obtain any necessary environmental closure from the applicable governmental authority with respect to Tenant’s use of Hazardous
Materials in connection with Tenant’s business. If the Premises are not so surrendered at Lease Termination, Tenant shall indemnify, defend and hold Landlord harmless from and against any loss, damage, expense, claim or liability resulting from
delay by Tenant in so surrendering the Premises including, without limitation, any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenants. The provisions of this Paragraph 35 shall survive
Lease Termination. 
 36. Labor Disputes. In the event Tenant shall in any manner be involved in or be the object of a labor dispute
with respect to its contractors or subcontractors for an Alteration which subjects the Premises or any part of the Project to any picketing, work stoppage or other concerted activity which in the reasonable opinion of Landlord is detrimental to the
operation of the Project or its tenants, Landlord shall have the right to require Tenant, at Tenant’s own expense and within a reasonable period of time, to use Tenant’s best efforts to either resolve such labor dispute or terminate or
control any such picketing, work stoppage or other concerted activity to the extent necessary to eliminate any interference with the operation of the Project. To the extent such labor dispute interferes with the performance of Landlord’s duties
hereunder, Landlord shall be excused from the performance of such duties. Failure by Tenant to use its best efforts to so resolve such dispute or terminate or control such picketing, work stoppage or other concerted activity within a reasonable
period of time shall (subject to events beyond Tenant’s reasonable control) constitute a Default by Tenant hereunder. Nothing contained in this Paragraph 36 shall be construed as placing Landlord in an employer/employee relationship with
any of Tenant’s employees or with any other employees who may be involved in such labor dispute. 
 37. No Partnership or Joint
Venture. Nothing in this Lease shall be construed as creating a partnership or joint venture between Landlord, Tenant, or any other party, or cause Landlord to be responsible for the debts or obligations of Tenant or any other party. 

38. Entire Agreement. Any agreements, warranties, or representations not expressly contained herein shall in no way bind either
Landlord or Tenant, and Landlord and Tenant expressly waive all claims for damages by reason of any statement, representation, warranty, promise or agreement, if any, not contained in this Lease. This Lease supersedes and cancels any and all
previous negotiations, arrangements, brochures, agreements and understandings, whether written or oral, between Landlord and its agents and Tenant and its agents with respect to the Project or this Lease. This Lease constitutes the entire agreement
between the parties hereto and no addition to, or modification of, any term or provision of this Lease shall be effective until and unless set forth in a written instrument signed by both Landlord and Tenant. 

  
 -50 

 39. Submission of Lease. Submission of this instrument for Tenant’s examination or
execution does not constitute a reservation of space nor an option to lease. This instrument shall not be effective until executed by both Landlord and Tenant. Execution of this Lease by Tenant shall constitute an offer by Tenant to lease the
Premises, which offer shall be deemed accepted by Landlord when this Lease is executed by Landlord and delivered to Tenant. 
 40. Quiet
Enjoyment. Landlord covenants and agrees with Tenant that upon Tenant paying Rentals and performing its covenants and conditions under the Lease, Tenant shall and may peaceably and quietly have, hold and enjoy the Premises for the Lease Term,
subject, however, to the terms of this Lease and of any mortgages or deeds of trust affecting the Premises, and the rights reserved by Landlord hereunder. 

41. Authority. The undersigned parties hereby warrant that they have proper authority and are empowered to execute this Lease on behalf
of the Landlord and Tenant, respectively. If Tenant is a corporation, limited liability company or partnership, each individual executing this Lease on behalf of said corporation, limited liability company or partnership represents and warrants that
he is duly authorized to execute and deliver this Lease on behalf of said corporation in accordance with a duly adopted resolution of the Board of Directors of said corporation or in accordance with the by-laws of said corporation, or on behalf of
said limited liability company in accordance with a duly adopted resolution of the managing member or members of the limited liability company, or on behalf of said partnership in accordance with the partnership agreement of such partnership, and
that this Lease is binding upon said corporation, limited liability company or partnership, as the case may be, in accordance with its terms. If Tenant is a corporation, and this Lease is not executed by two corporate officers, Tenant shall upon
execution of this Lease, deliver to Landlord evidence of the authority of the individual executing this Lease on behalf of Tenant to execute this Lease on behalf of Tenant. In the event Tenant should fail to deliver such evidence to Landlord upon
execution of this Lease, Landlord shall not be deemed to have waived its right to require delivery of such evidence, and at any time during the Lease Term Landlord may request Tenant to deliver the same, and Tenant agrees it shall thereafter
promptly deliver such evidence to Landlord. If Tenant is a corporation, Tenant warrants that: (a) Tenant is a valid and existing corporation; (b) Tenant is qualified to do business in California; (c) all fees and all franchise and
corporate taxes are paid to date, and will be paid when due; (d) all required forms and reports will be filed when due; and (e) the signers of this Lease are properly authorized to execute this Lease. 

42. Brokerage Commissions. Each party hereto represents and warrants to the other that it has not retained or worked with any broker or
finder other than Cassidy Turley BT Commercial (“BT”), representing the Landlord, and CRESA Partners (“CRESA”), representing the Tenant, in connection with the negotiation of this Lease and/or the
consummation of the transaction contemplated hereby. BT and CRESA are collectively referred to in this Paragraph 42 as “Brokers”. Landlord agrees to pay Brokers a brokerage commission in connection with this Lease pursuant to a separate
agreement between Landlord and Brokers. Landlord and Tenant do each hereby agree to indemnify, defend and hold the other harmless from and against liability for compensation or charges which may be claimed by any broker, finder or other similar
party (other than Brokers (except that Landlord shall indemnify, defend and hold harmless Tenant with respect to any breach of Landlord’s obligation to pay the Brokers a brokerage commission in connection with this Lease as provided above)) by
reason of any dealings or actions of the indemnifying party, including any costs, expenses and/or attorneys’ fees reasonably incurred with respect thereto. The obligation to indemnify, defend and hold harmless as set forth in the immediately
preceding sentence shall survive the termination of this Lease. 

  
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 43. Counterparts. This Lease may be executed in counterparts, each of which shall be
deemed an original and together shall constitute one instrument. 
 [balance of page is intentionally blank; signature page follows on next
page] 

  
 -52 

 IN WITNESS WHEREOF, the parties have executed this Lease effective as of the date set forth
below. 
  

					
	LANDLORD:
	
	 702/703 INVESTORS LLC,
 a Delaware
limited liability company

		
	By:	 	PCCP CS III 702/703, LLC,
		 	a Delaware limited liability company
	Its:	 	Managing Member
			
		 	By:	 	 /s/ Aaron A. Giovara

		 	Name:	 	 Aaron A. Giovara

		 	Its:	 	 Vice President

	
	TENANT:
	
	 CELL BIOSCIENCES, INC.,
 a Delaware
corporation

		
	By:	 	 /s/ Jason Novi

	Name:	 	 Jason Novi

	Its:	 	 CFO

		
	By:	 	  

	Name:	 	  

	Its:	 	  

  
 -53 

  
 

 
 EXHIBIT A 

  
 

 
 EXHIBIT B 

  
 

 
 EXHIBIT C 

 

 
  

  
 EXHIBIT C 

 EXHIBIT D 

COMMENCEMENT DATE LETTER 
  

	Re:	Lease dated March 17, 2011, between 702/703 Investors, LLC, a Delaware limited liability company, as Landlord, and Cell Biosciences, Inc., as Tenant, concerning that premises, consisting of approximately twenty
thousand seventy-three (20,073) rentable square feet, more or less, located in an approximately forty thousand four hundred thirteen (40,413) square foot building situated at 71 and 81 E. Daggett Drive, San Jose, California (the
“Premises”). 

 Ladies and Gentlemen: 

In accordance with the subject Lease, we wish to advise and/or confirm as follows: 

1. Landlord delivered possession of the Premises to Tenant on             , 2011,
with all improvements and work, if any, completed in a good and workmanlike manner and otherwise in the condition required under the Lease and Tenant accepted possession of the Premises, subject to the provisions of Paragraph 2.4 of the Lease. 

2. The Commencement Date of the Lease Term for the Premises is             , 2011
(the “Commencement Date”) and the initial Lease Term for the Premises expires on             ,             ,
2011 (the “Ending Date”), unless sooner terminated according to the terms of the Lease. 
 3. Each party represents and
warrants to the other that it is duly authorized to enter into this document and that the person signing on its behalf is duly authorized to sign on behalf of such party. 

 

					
	LANDLORD:
	
	 702/703 Investors, LLC,
 a Delaware
limited liability company

		
	By:	 	 PCCP CS III 702/703, LLC,
 a
Delaware limited liability company

		
	Its:	 	Managing Member
		 	By:	 	  

		 	Name:	 	  

		 	Its:	 	  

	
	ACCEPTED AND AGREED:
	
	TENANT:
	
	 Cell Biosciences, Inc.,
 a
California corporation

		
	By:	 	 /s/ Jason Novi

	Name:	 	 Jason Novi

	Its:	 	 CFO

  
 -1- 

 EXHIBIT E 

SIGN CRITERIA 
 None existing as
of date of Lease 

  
 -1- 

 EXHIBIT F 

LEGAL DESCRIPTION OF LAND WITHIN PROJECT 
 Real
property in the City of San Jose, County of Santa Clara, State of California, described as follows: 
 PARCEL 1 AS SHOWN ON THAT PARCEL MAP FILED FOR RECORD
IN THE OFFICE OF THE RECORDER OF THE COUNTY OF SANTA CLARA ON APRIL 17, 1981 IN BOOK 483 OF MAPS, PAGES 3 AND 4. 
 APN: 101-30-004 AND 101-30-005 

  
 -1- 

 EXHIBIT G-1 

COMERICA FORM OF LETTER OF CREDIT 

SPECIMEN LANGUAGE ONLY 
 COMERICA BANK HAS
PREPARED THIS SPECIMEN UPON THE REQUEST AND BASED ON THE INFORMATION PROVIDED. NO REPRESENTATION AS TO THE ACCURACY OR WILLINGNESS FOR COMMITMENT IS MADE BY COMERICA BANK TO ISSUE THIS LETTER OF CREDIT IN THIS OR ANY OTHER FORM. 

APPROVED BY <Applicant’s name> 

                          
                                         
                                         
                                    DATE    
                     
 ---WHEN SIGNED, THIS EXHIBIT A
WILL BECOME AN INTEGRAL PART OF THE CORRESPONDING STANDBY LETTER OF CREDIT APPLICATION AND AGREEMENT. 
  

<bank header> 
 DATE OF ISSUE: ... 

IRREVOCABLE STANDBY LETTER OF CREDIT NO. ******-** 
  

			
	 “BENEFICIARY”
	  	: <name and physical address>
	 “ACCOUNT PARTY”
	  	: <name>
	 “EXPIRY DATE”
	  	: <date>, AND ANY AUTOMATICALLY EXTENDED DATE, AS HEREIN PROVIDED
	 “TOTAL AMOUNT”
	  	: <amount in figure and words>

 WE HEREBY ESTABLISH OUR IRREVOCABLE STANDBY LETTER OF CREDIT IN YOUR FAVOR, FOR THE ACCOUNT PARTY, FOR A SUM NOT EXCEEDING THE
TOTAL AMOUNT, STATED ABOVE, AVAILABLE WITH COMERICA BANK, BY PRESENTATION OF THE FOLLOWING: 
 + THIS ORIGINAL LETTER OF CREDIT AND ALL AMENDMENTS HERETO.

 + SIGHT DRAFT, DRAWN ON COMERICA BANK AND REFERENCING THIS LETTER OF 

CREDIT NUMBER 
 + A STATEMENT SIGNED BY THE BENEFICIARY WITH THE
FOLLOWING WORDING: 
 “THE BENEFICIARY CERTIFIES THAT THERE HAS BEEN A FAILURE TO PERFORM UNDER LEASE DATED <date> BETWEEN ACCOUNT
PARTY AND <bene>. ALL APPLICABLE NOTIFICATION AND CURE PERIODS AS SET FORTH IN SAID LEASE HAVE EXPIRED AND THE AMOUNT HEREBY DRAWN REFLECTS FUNDS OWED TO <bene>.” 

IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL BE DEEMED AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR A PERIOD OF ONE YEAR FROM THE PRESENT OR ANY
FUTURE EXPIRATION DATE, UNLESS AT LEAST FORTY FIVE (045) DAYS PRIOR TO THE EXPIRATION DATE WE SHALL SEND TO YOU BY COURIER, OUR WRITTEN NOTICE THAT WE ELECT NOT TO EXTEND THIS CREDIT FOR ANY SUCH ADDITIONAL PERIOD. SAID NOTIFICATION WILL BE
SENT TO THE BENEFICIARY’S ADDRESS INDICATED ABOVE, UNLESS A CHANGE OF ADDRESS IS OTHERWISE NOTIFIED BY YOU TO US IN WRITING BY RECEIPTED MAIL OR COURIER, QUOTING OUR LETTER OF CREDIT NUMBER. SAID CHANGE OF ADDRESS NOTIFICATION MUST BE RECEIVED
BY COMERICA BANK, AT OUR ABOVE ADDRESS. 
 THIS IRREVOCABLE STANDBY LETTER OF CREDIT IS TRANSFERABLE AND CAN BE SUCCESSIVELY TRANSFERRED TO ANY TRANSFEREE
THAT BENEFICIARY STATES IN WRITING TO US HAS SUCCEEDED AS BENEFICIARY UNDER THIS LETTER OF CREDIT, PROVIDED THAT TRANSFEREE IS NOT LOCATED IN OR A NATIONAL OF, OR CONTROLLED BY AN ENTITY LOCATED IN ANY COUNTRY SUBJECT TO FOREIGN ASSET CONTROL
REGULATIONS OF THE U.S. DEPARTMENT OF TREASURY. THIS LETTER OF CREDIT IS TRANSFERABLE ONLY BY COMERICA BANK. IF TRANSFERRED, THE CREDIT MUST BE RETURNED TO US 

  
 -1- 

 
ALONG WITH ALL AMENDMENTS TOGETHER WITH A TRANSFER REQUEST SUPPLIED BY COMERICA BANK UPON REQUEST, DULY EXECUTED. IN CASE OF ANY TRANSFER UNDER THIS STANDBY LETTER OF CREDIT, THE DRAFT AND ANY
REQUIRED STATEMENT MUST BE EXECUTED BY THE TRANSFEREE AND WHERE THE BENEFICIARY’S NAME APPEARS WITHIN THIS STANDBY LETTER OF CREDIT, THE TRANSFEREE’S NAME IS AUTOMATICALLY SUBSTITUTED THEREFOR. 

IN THE EVENT YOU WISH TO CANCEL THIS LETTER OF CREDIT, THIS ORIGINAL LETTER OF CREDIT AND ALL AMENDMENTS HERETO MUST BE SUBMITTED TO COMERICA BANK,
ACCOMPANIED BY YOUR LETTER NOTIFYING US OF YOUR INTENT TO CANCEL. 
 ALL DOCUMENTS ARE TO BE FORWARDED IN ONE LOT AT THE BENEFICIARY’S EXPENSE BY
COURIER TO COMERICA BANK, INTERNATIONAL TRADE SERVICES, AT THE COMERICA BANK ADDRESS EVIDENCED ABOVE. 
 WE ENGAGE WITH YOU THAT THE DRAFT(S) AND OR
DOCUMENTS DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT WILL BE DULY HONORED ON DELIVERY OF DOCUMENTS AT OUR OFFICES AS INDICATED HEREIN OR ANY OTHER SUCH LOCATION AS WE MAY ADVISE YOU IN WRITING. 

EXCEPT SO FAR AS OTHERWISE EXPRESSLY STATED, THIS LETTER OF CREDIT IS SUBJECT TO THE “INTERNATIONAL STANDBY PRACTICES—ISP98”, ICC PUBLICATION
NO.590. 
 SPECIMEN LANGUAGE ONLY 

  
 -2- 

 EXHIBIT G-2 

FORM OF LETTER OF CREDIT 
 LETTER
OF CREDIT 
  

			
	 IRREVOCABLE STANDBY LETTER OF CREDIT NO.
	 	  

					
	DATE:	 	
                     
                    
	  	
		
	BENEFICIARY:	 	702/703 INVESTORS, LLC
		 	c/o South Bay Development Company
		 	 1690 Dell Avenue

Campbell, CA 95008

		 
		 	Attn: Scott Trobbe
		
	APPLICANT:	 	CELL BIOSCIENCES, INC.
		
	AMOUNT:	 	US $264,963.60
			
	EXPIRATION DATE:	 	  
	  	
		
	LOCATION:	 	AT OUR COUNTERS IN
                                , California

 DEAR SIR/MADAM: 
 WE HEREBY
ESTABLISH OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO.             IN YOUR FAVOR AVAILABLE BY YOUR DRAFTS DRAWN ON US AT SIGHT AND ACCOMPANIED BY THE FOLLOWING DOCUMENTS: 

 

	 	1.	THE ORIGINAL OF THIS LETTER OF CREDIT AND ALL AMENDMENT(S), IF ANY. 

  

	 	2.	DATED CERTIFICATION FROM THE BENEFICIARY STATING THAT BENEFICIARY IS ENTITLED TO DRAW UPON THIS LETTER OF CREDIT PURSUANT TO THAT CERTAIN LEASE BETWEEN BENEFICIARY AND APPLICANT DATED
            , 2011. 

 PARTIAL DRAWS ARE ALLOWED. THIS LETTER OF CREDIT MUST
ACCOMPANY ANY DRAWINGS HEREUNDER FOR ENDORSEMENT OF THE DRAWING AMOUNT AND WILL BE RETURNED TO THE BENEFICIARY UNLESS IT IS FULLY UTILIZED. 
 THIS LETTER
OF CREDIT MAY ONLY BE TRANSFERRED IN ITS ENTIRETY BY THE BENEFICIARY UPON OUR RECEIPT OF THE ATTACHED “EXHIBIT A” DULY COMPLETED AND EXECUTED BY THE BENEFICIARY AND ACCOMPANIED BY THE ORIGINAL LETTER OF CREDIT, A REASONABLE TRANSFER FEE
AND ALL AMENDMENT(S), IF ANY. 

  
 -1- 

 THIS LETTER OF CREDIT SHALL BE AUTOMATICALLY EXTENDED FOR AN ADDITIONAL PERIOD OF ONE YEAR, WITHOUT
AMENDMENT, FROM THE PRESENT OR EACH FUTURE EXPIRATION DATE BUT IN ANY EVENT NOT BEYOND [INSERT DATE 45 DAYS BEYOND ENDING DATE OF LEASE], WHICH SHALL BE THE FINAL EXPIRATION DATE OF THIS LETTER OF CREDIT, UNLESS, AT LEAST 30 DAYS PRIOR TO THE
THEN CURRENT EXPIRATION DATE WE NOTIFY YOU BY REGISTERED MAIL/OVERNIGHT COURIER SERVICE AT THE ABOVE ADDRESS THAT THIS LETTER OF CREDIT WILL NOT BE EXTENDED BEYOND THE CURRENT EXPIRATION DATE. IN THE EVENT THIS LETTER OF CREDIT IS NOT EXTENDED FOR
AN ADDITIONAL PERIOD AS PROVIDED ABOVE, YOU MAY DRAW HEREUNDER. SUCH DRAWING MUST BE MADE AND PRESENTED TO US BEFORE THE THEN EXPIRATION DATE OF THIS LETTER OF CREDIT.  

DRAFT(S) AND DOCUMENTS MUST INDICATE THE NUMBER AND DATE OF THIS LETTER OF CREDIT. 

DOCUMENTS MUST BE FORWARDED TO US BY OVERNIGHT DELIVERY SERVICE TO:
                                         
           . 
 WE HEREBY AGREE WITH THE DRAWERS, ENDORSERS AND BONAFIDE HOLDERS THAT THE DRAFTS
DRAWN UNDER AND IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT SHALL BE DULY HONORED UPON PRESENTATION TO THE DRAWEE, IF NEGOTIATED ON OR BEFORE THE EXPIRATION DATE OF THIS CREDIT. 

THIS LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICES FOR DOCUMENTARY CREDITS (2007 REVISION), INTERNATIONAL CHAMBER OF COMMERCE, PUBLICATION
NO. 600 
  

					
	  
	  		  	  

	AUTHORIZED SIGNATURE	  		  	AUTHORIZED SIGNATURE

  
 -2- 

 EXHIBIT “A” TO EXHIBIT “G-2” 

 

			
	 DATE:
	 	  

  

											
	TO:	 	  
	 		  	RE:	  	STANDBY LETTER OF CREDIT
		 	  
	 		  		  	NO.	  	  

		 	  
	 		  		  	ISSUED BY	  	  

		 	  
	 		  		  	L/C AMOUNT:	  	  

 GENTLEMEN: 
 FOR VALUE RECEIVED,
THE UNDERSIGNED BENEFICIARY HEREBY IRREVOCABLY TRANSFERS TO: 
 (NAME OF TRANSFEREE) 

(ADDRESS) 
 ALL RIGHTS OF THE UNDERSIGNED BENEFICIARY TO DRAW
UNDER THE ABOVE LETTER OF CREDIT UP TO ITS AVAILABLE AMOUNT AS SHOWN ABOVE AS OF THE DATE OF THIS TRANSFER. 
 BY THIS TRANSFER, ALL RIGHTS OF THE
UNDERSIGNED BENEFICIARY IN SUCH LETTER OF CREDIT ARE TRANSFERRED TO THE TRANSFEREE. TRANSFEREE SHALL HAVE THE SOLE RIGHTS AS BENEFICIARY THEREOF, INCLUDING SOLE RIGHTS RELATING TO ANY AMENDMENTS, WHETHER INCREASES OR EXTENSIONS OR OTHER AMENDMENTS,
AND WHETHER NOW EXISTING OR HEREAFTER MADE. ALL AMENDMENTS ARE TO BE ADVISED DIRECT TO THE TRANSFEREE WITHOUT NECESSITY OF ANY CONSENT OF OR NOTICE TO THE UNDERSIGNED BENEFICIARY. 

THE ORIGINAL OF SUCH LETTER OF CREDIT IS RETURNED HEREWITH, AND WE ASK YOU TO ENDORSE THE TRANSFER ON THE REVERSE THEREOF, AND FORWARD IT DIRECTLY TO THE
TRANSFEREE WITH YOUR CUSTOMARY NOTICE OF TRANSFER. 
  

	
	SINCERELY,
	
	  

	(BENEFICIARY’S NAME)
	
	  

	
	SIGNATURE OF BENEFICIARY
	
	
	SIGNATURE AUTHENTICATED
	
	  

	(NAME OF BANK)
	
	  

	AUTHORIZED SIGNATURE

  
 -3- 

 

 
 EXHIBIT HEX-10.19

 EXHIBIT 10.19 
  

 
  

FIRST AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

BY AND AMONG 
 PROTEINSIMPLE 

PROTEINSIMPLE LTD. 
 AND 

COMERICA BANK 
 DATED JANUARY 26,
2012 
  
  

 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
			
	1.	 	DEFINITIONS AND CONSTRUCTION	  	 	1	  
				
		 	1.1	  	Definitions	  	 	1	  
				
		 	1.2	  	Accounting Terms	  	 	1	  
				
		 	1.3	  	Construction with Ex-Im Documents	  	 	1	  
			
	2.	 	LOAN AND TERMS OF PAYMENT	  	 	1	  
				
		 	2.1	  	Credit Extensions	  	 	1	  
				
		 	2.2	  	Overadvances	  	 	4	  
				
		 	2.3	  	Interest Rates, Payments, and Calculations	  	 	4	  
				
		 	2.4	  	Crediting Payments	  	 	5	  
				
		 	2.5	  	Fees	  	 	6	  
				
		 	2.6	  	Term	  	 	6	  
				
		 	2.7	  	Lock Box/Collection Accounts	  	 	6	  
			
	3.	 	CONDITIONS OF LOANS	  	 	7	  
				
		 	3.1	  	Conditions Precedent to Initial Credit Extension	  	 	7	  
				
		 	3.2	  	Conditions Precedent to all Credit Extensions	  	 	7	  
				
		 	3.3	  	[Reserved]	  	 	8	  
			
	4.	 	CREATION OF SECURITY INTEREST	  	 	8	  
				
		 	4.1	  	Grant of Security Interest	  	 	8	  
				
		 	4.2	  	Perfection of Security Interest	  	 	8	  
				
		 	4.3	  	Right to Inspect	  	 	9	  
			
	5.	 	REPRESENTATIONS AND WARRANTIES	  	 	9	  
				
		 	5.1	  	Due Organization and Qualification	  	 	9	  
				
		 	5.2	  	Due Authorization; No Conflict	  	 	9	  
				
		 	5.3	  	Collateral	  	 	9	  
				
		 	5.4	  	Intellectual Property	  	 	9	  
				
		 	5.5	  	Name; Location of Chief Executive Office	  	 	10	  
				
		 	5.6	  	Litigation	  	 	10	  
				
		 	5.7	  	No Material Adverse Change in Financial Statements	  	 	10	  
				
		 	5.8	  	Solvency, Payment of Debts	  	 	10	  
				
		 	5.9	  	Compliance with Laws and Regulations	  	 	10	  
				
		 	5.10	  	Subsidiaries	  	 	11	  
				
		 	5.11	  	Government Consents	  	 	11	  
				
		 	5.12	  	Inbound Licenses	  	 	11	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	  	 	  	Page	 
				
		 	5.13	  	Full Disclosure	  	 	11	  
				
		 	5.14	  	Canadian Pension Plans	  	 	11	  
			
	6.	 	AFFIRMATIVE COVENANTS	  	 	11	  
				
		 	6.1	  	Good Standing and Government Compliance	  	 	11	  
				
		 	6.2	  	Financial Statements, Reports, Certificates	  	 	12	  
				
		 	6.3	  	Inventory; Returns	  	 	13	  
				
		 	6.4	  	Taxes	  	 	13	  
				
		 	6.5	  	Insurance	  	 	14	  
				
		 	6.6	  	Primary Depository	  	 	14	  
				
		 	6.7	  	Financial Covenants	  	 	14	  
				
		 	6.8	  	Registration of Intellectual Property Rights	  	 	15	  
				
		 	6.9	  	Consent of Inbound Licensors	  	 	15	  
				
		 	6.10	  	Creation / Acquisition of Subsidiaries	  	 	15	  
				
		 	6.11	  	Further Assurances	  	 	16	  
				
		 	6.12	  	Canada Benefit and Pension Plans	  	 	16	  
			
	7.	 	NEGATIVE COVENANTS	  	 	16	  
				
		 	7.1	  	Dispositions	  	 	16	  
				
		 	7.2	  	 Change in Name, Location, Executive Office, or Executive Management; Change in Business; Change in Fiscal Year; Change in
Control
	  	 	16	  
				
		 	7.3	  	Mergers or Acquisitions	  	 	16	  
				
		 	7.4	  	Indebtedness	  	 	17	  
				
		 	7.5	  	Encumbrances	  	 	17	  
				
		 	7.6	  	Distributions	  	 	17	  
				
		 	7.7	  	Investments	  	 	17	  
				
		 	7.8	  	Transactions with Affiliates	  	 	17	  
				
		 	7.9	  	Subordinated Debt	  	 	17	  
				
		 	7.10	  	Inventory and Equipment	  	 	17	  
				
		 	7.11	  	No Investment Company; Margin Regulation	  	 	17	  
				
		 	7.12	  	OFAC and Canadian Anti-terrorism Laws	  	 	17	  
			
	8.	 	EVENTS OF DEFAULT	  	 	18	  
				
		 	8.1	  	Payment Default	  	 	18	  
				
		 	8.2	  	Covenant Default	  	 	18	  
				
		 	8.3	  	Defective Perfection	  	 	18	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	  	 	  	Page	 
				
		 	8.4	  	Material Adverse Change	  	 	18	  
				
		 	8.5	  	Attachment	  	 	18	  
				
		 	8.6	  	Insolvency	  	 	19	  
				
		 	8.7	  	Other Agreements	  	 	19	  
				
		 	8.8	  	Subordinated Debt	  	 	19	  
				
		 	8.9	  	Judgments	  	 	19	  
				
		 	8.10	  	Misrepresentations	  	 	19	  
				
		 	8.11	  	Guaranty	  	 	19	  
			
	9.	 	BANK’S RIGHTS AND REMEDIES	  	 	19	  
				
		 	9.1	  	Rights and Remedies	  	 	19	  
				
		 	9.2	  	Power of Attorney	  	 	21	  
				
		 	9.3	  	Accounts Collection	  	 	21	  
				
		 	9.4	  	Bank Expenses	  	 	21	  
				
		 	9.5	  	Bank’s Liability for Collateral	  	 	22	  
				
		 	9.6	  	No Obligation to Pursue Others	  	 	22	  
				
		 	9.7	  	Remedies Cumulative	  	 	22	  
				
		 	9.8	  	Demand; Protest	  	 	22	  
			
	10.	 	NOTICES	  	 	22	  
			
	11.	 	CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER	  	 	23	  
			
	12.	 	REFERENCE PROVISION	  	 	23	  
				
		 	12.1	  	Mechanics	  	 	23	  
				
		 	12.2	  	Procedures	  	 	24	  
				
		 	12.3	  	Application of Law	  	 	24	  
				
		 	12.4	  	Repeal	  	 	24	  
			
	13.	 	GENERAL PROVISIONS	  	 	25	  
				
		 	13.1	  	Successors and Assigns	  	 	25	  
				
		 	13.2	  	Indemnification	  	 	25	  
				
		 	13.3	  	Time of Essence	  	 	25	  
				
		 	13.4	  	Severability of Provisions	  	 	25	  
				
		 	13.5	  	Amendments in Writing, Integration	  	 	25	  
				
		 	13.6	  	Counterparts	  	 	25	  
				
		 	13.7	  	Survival	  	 	25	  
				
		 	13.8	  	Confidentiality	  	 	25	  
				
		 	13.9	  	Co-Borrower Provisions	  	 	26	  
				
		 	13.10	  	Multinational Provisions	  	 	28	  

  
 iii 

 This FIRST AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT is entered into as of
January 26, 2012, by and among COMERICA BANK, a Texas banking association (“Bank”), PROTEINSIMPLE, a Delaware corporation (formerly known as Cell Biosciences, Inc.) (“ProteinSimple”) and PROTEINSIMPLE LTD., an Ontario
corporation (successor by amalgamation to BRIGHTWELL TECHNOLOGIES INC. and PROTEINSIMPLE LTD.) (“ProteinSimple Canada”, and together with ProteinSimple, the “Borrowers”). 

RECITALS 
 Borrowers wish
to obtain credit from time to time from Bank, and Bank desires to extend credit to Borrowers. This Agreement sets forth the terms on which Bank will advance credit to Borrowers, and Borrowers will repay the amounts owing to Bank. 

AGREEMENT 
 The parties
agree as follows: 
  

	1.	DEFINITIONS AND CONSTRUCTION. 

 1.1 Definitions. As used in this Agreement, all
capitalized terms shall have the definitions set forth on Exhibit A. Any term used in the Code and not defined herein shall have the meaning given to the term in the Code. 

1.2 Accounting Terms. Any accounting term not specifically defined on Exhibit A shall be construed in accordance with GAAP
and all calculations shall be made in accordance with GAAP. The term “financial statements” shall include the accompanying notes and schedules. 

1.3 Construction with Ex-Im Documents. This Agreement and the Ex-Im Documents must be read together to give full effect to both,
and the Borrowers shall comply with both the terms and conditions of this Agreement and the terms and conditions of the Ex-Im Documents. To the extent of any irreconcilable conflict between this Agreement or any of the other Loan Documents on the
one hand, and the Ex-Im Documents on the other, or if this Agreement or any of the other Loan Documents is more permissive or favorable to Borrowers in respect of any difference between this Agreement or any of the other Loan Documents, on the one
hand, and the Ex-Im Documents on the other, then unless specifically stated to the contrary, the terms and provisions of the Ex-Im Documents shall control. 
  

	2.	LOAN AND TERMS OF PAYMENT. 

 2.1 Credit Extensions. 

(a) Promise to Pay. Borrowers promise to pay to Bank, in lawful money of the United States of America, the aggregate unpaid principal
amount of all Credit Extensions made by Bank to Borrowers, together with interest on the unpaid principal amount of such Credit Extensions at rates in accordance with the terms hereof. 

(b) Advances Under Revolving Domestic Line. 

(i) Amount. Subject to and upon the terms and conditions of this Agreement (1) Borrowers may request Advances in an
aggregate outstanding amount not to exceed the lesser of (A) the Domestic Revolving Line or (B) the Domestic Borrowing 

  
 1 

 
Base, less any amounts outstanding under the Letter of Credit Sublimit and the Credit Card Services Sublimit and (2) amounts borrowed pursuant to this Section 2.1(b) may be repaid and
reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(b) shall be immediately due and payable. Borrowers may prepay any Advances without penalty or premium and if Borrowers elect,
Borrowers may terminate the Domestic Revolving Line upon five (5) Business Days written notice to Bank with indefeasible payment in full of all outstanding Advances, plus accrued and unpaid interest, and any other amounts owing to Bank under
this Agreement. 
 (ii) Form of Request. Whenever a Borrower desires an Advance under the Revolving Domestic Line,
such Borrower will notify Bank by facsimile transmission or telephone no later than 3:00 p.m. Pacific time (1:00 p.m. Pacific time for wire transfers), on the Business Day that the Advance is to be made. Each such notification shall be promptly
confirmed by a Payment/Advance Form in substantially the form of Exhibit C. Bank is authorized to make Advances under this Agreement, based upon instructions received from a Responsible Officer or a designee of a Responsible Officer, or
without instructions if in Bank’s discretion such Advances are necessary to meet Obligations which have become due and remain unpaid. Bank shall be entitled to rely on any telephonic notice given by a person who Bank reasonably believes to be a
Responsible Officer or a designee thereof, and Borrowers shall indemnify and hold Bank harmless for any damages or loss suffered by Bank as a result of such reliance. Bank will credit the amount of Advances made under this Section 2.1(b) to
such Borrower’s deposit account maintained at Bank. 
 (iii) Letter of Credit Sublimit. Subject to the
availability under the Domestic Revolving Line, and in reliance on the representations and warranties of Borrowers set forth herein, at any time and from time to time from the date hereof through the Business Day immediately prior to the Revolving
Maturity Date, Bank shall issue for the account of Borrowers such Letters of Credit as Borrowers may request by delivering to Bank a duly executed letter of credit application on Bank’s standard form; provided, however, that the outstanding and
undrawn amounts under all such Letters of Credit (i) shall not at any time exceed the Letter of Credit Sublimit, and (ii) shall be deemed to constitute Advances for the purpose of calculating availability under the Domestic Revolving Line.
Any drawn but unreimbursed amounts under any Letters of Credit shall be charged as Advances against the Domestic Revolving Line. All Letters of Credit shall be in form and substance acceptable to Bank in its sole discretion and shall be subject to
the terms and conditions of Bank’s form application and letter of credit agreement. Borrowers will pay any standard issuance and other fees that Bank notifies Borrowers in advance that it will charge for issuing and processing Letters of
Credit. 
 (iv) Credit Card Services Sublimit. Subject to the terms and conditions of this Agreement, Borrowers may
request corporate credit cards from Bank (the “Credit Card Services”) and standard and e-commerce merchant account services from Bank. The aggregate limit of the corporate credit cards reserves shall not exceed the Credit Card Services
Sublimit, provided that availability under the Domestic Revolving Line shall be reduced by the aggregate limits of the corporate credit cards issued to Borrowers. In addition, Bank may, in its sole discretion, charge as Advances any amounts that
become due or owing to Bank in connection with the Credit Card Services. The terms and conditions (including repayment and fees) of such Credit Card Services shall be subject to the terms and conditions of the Bank’s standard forms of
application and agreement for the Credit Card Services, which Borrowers hereby agree to execute. 

  
 2 

 (v) Collateralization of Obligations Extending Beyond Maturity. If
Borrowers have not secured to Bank’s satisfaction its obligations under the Revolving Domestic Line with respect to any Letters of Credit or Credit Card Services by the Revolving Maturity Date, then, effective as of such date, the balance in
any deposit accounts held by Bank and the certificates of deposit or time deposit accounts issued by Bank in either Borrower’s name (and any interest paid thereon or proceeds thereof, including any amounts payable upon the maturity or
liquidation of such certificates or accounts), shall automatically secure such obligations to the extent of the then continuing or outstanding and undrawn Letters of Credit or Credit Card Services. Borrowers authorize Bank to hold such balances in
pledge and to decline to honor any drafts thereon or any requests by Borrowers or any other Person to pay or otherwise transfer any part of such balances for so long as the Letters of Credit or Credit Card Services are outstanding or continue. 

(c) Advances Under Export Revolving Line. 

(i) Amount. Subject to and upon the terms and conditions of this Agreement (1) ProteinSimple may request Advances
in an aggregate outstanding amount not to exceed the lesser of (A) the Export Revolving Line less the face amount of any letters of credit issued under the Export Revolving Line, whether drawn or undrawn, or (B) the Export Borrowing Base,
and (2) amounts borrowed pursuant to this Section 2.1(c) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(c) shall be immediately due and payable.
Borrowers may prepay any Advances without penalty or premium and if Borrowers elect, Borrowers may terminate the Export Revolving Line upon five (5) Business Days written notice to Bank with indefeasible payment in full of all outstanding
Advances, plus accrued and unpaid interest, and any other amounts owing to Bank under this Agreement. 
 (ii) Form of
Request. Whenever ProteinSimple desires an Advance under the Export Revolving Line, ProteinSimple will notify Bank by facsimile transmission or telephone no later than 3:00 p.m. Pacific time (1:00 p.m. Pacific time for wire transfers), on the
Business Day that the Advance is to be made. Each such notification shall be promptly confirmed by a Payment/Advance Form in substantially the form of Exhibit D. Bank is authorized to make Advances under this Agreement, based upon
instructions received from a Responsible Officer or a designee of a Responsible Officer, or without instructions if in Bank’s discretion such Advances are necessary to meet Obligations which have become due and remain unpaid. Bank shall be
entitled to rely on any telephonic notice given by a person who Bank reasonably believes to be a Responsible Officer or a designee thereof, and Borrowers shall indemnify and hold Bank harmless for any damages or loss suffered by Bank as a result of
such reliance. Bank will credit the amount of Advances made under this Section 2.1(c) to ProteinSimple’s deposit account maintained at Bank. 

(iii) Letter of Credit Sublimit. Subject to the availability under the Export Revolving Line, and in reliance on the
representations and warranties of Borrowers set forth herein, at any time and from time to time from the date hereof through the Business Day immediately prior to the Revolving Maturity Date, Bank shall issue for the account of Borrowers such
Letters of Credit as Borrowers may request by delivering to Bank a duly executed letter of credit application on Bank’s standard form; provided, however, that the outstanding and undrawn amounts under all such Letters of Credit (i) shall
not at any time exceed any Sublimit established pursuant to the Ex-Im Documents, and (ii) shall 

  
 3 

 
be deemed to constitute Advances for the purpose of calculating availability under the Export Revolving Line. Any drawn but unreimbursed amounts under any Letters of Credit shall be charged as
Advances against the Export Revolving Line. All Letters of Credit shall be in form and substance acceptable to Bank in its sole discretion and shall be subject to the terms and conditions of Bank’s form application and letter of credit
agreement. Borrowers will pay any standard issuance and other fees that Bank notifies Borrowers in advance that it will charge for issuing and processing Letters of Credit. 

(iv) Collateralization of Obligations Extending Beyond Maturity. If Borrowers have not secured to Bank’s
satisfaction its obligations under the Export Revolving Line with respect to any Letters of Credit by the Revolving Maturity Date, then, effective as of such date, the balance in any deposit accounts held by Bank and the certificates of deposit or
time deposit accounts issued by Bank in either Borrower’s name (and any interest paid thereon or proceeds thereof, including any amounts payable upon the maturity or liquidation of such certificates or accounts), shall automatically secure such
obligations to the extent of the then continuing or outstanding and undrawn Letters of Credit. Each Borrower authorizes Bank to hold such balances in pledge and to decline to honor any drafts thereon or any requests by Borrowers or any other Person
to pay or otherwise transfer any part of such balances for so long as the Letters of Credit are outstanding or continue. 
 (d) Term
Loan. 
 (i) Advance. Subject to the terms and conditions of this Agreement, Bank agrees to make a term loan to
Borrowers in a principal amount up to but not exceeding Six Million Dollars ($6,000,000), the proceeds of which shall be made available in full on the Closing Date to repay the amounts outstanding under the existing Term Loan (the original principal
amount of which was Five Million Dollars ($5,000,000)), with the remainder for Borrowers’ working capital purposes. 

(ii) Interest on the Term Loan shall accrue from the Closing Date and be payable in accordance with Section 2.3. The
principal of the Term Loan shall be payable in thirty one (31) equal monthly installments of principal, each in the amount of $193,548.39, plus all accrued interest, beginning on January 1, 2013 and continuing on the same day of each month
thereafter through the Term Loan Maturity Date, at which time all amounts due in connection with the Term Loan made under this Section 2.1(d) shall be immediately due and payable. The Term Loan, once repaid, may not be reborrowed. 

2.2 Overadvances. If the aggregate amount of the outstanding Advances exceeds any of the Domestic Revolving Line, the Domestic
Borrowing Base the Export Revolving Line, or the Export Borrowing Base at any time, Borrowers shall immediately pay to Bank, in cash, the amount of such excess. 

2.3 Interest Rates, Payments, and Calculations. 

(a) Interest. Except as set forth in Section 2.3(b), the Advances on the Domestic Revolving Line and the Export Revolving Line and
amounts outstanding under the Term Loan shall bear interest, on the outstanding daily balance thereof, as set forth in the LIBOR/Prime Referenced Rate Addendum attached hereto as Exhibit J,. 

  
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 (b) Late Fee; Default Rate. If any payment is not made within 10 days after the date such
payment is due, Borrowers shall pay Bank a late fee equal to the lesser of (i) 5% of the amount of such unpaid amount or (ii) the maximum amount permitted to be charged under applicable law. All Obligations shall bear interest, from and
after the occurrence and during the continuance of an Event of Default, at a rate equal to 5 percentage points above the interest rate applicable immediately prior to the occurrence of the Event of Default. 

(c) Payments. Except as set forth in the LIBOR/Prime Referenced Rate Addendum, interest hereunder shall be due and payable on the first
calendar day of each month during the term hereof. Bank shall, at its option, charge such interest, all Bank Expenses, and all Periodic Payments against any of either Borrower’s deposit accounts with Bank or against the Domestic Revolving Line
or the Export Revolving Line, in which case those amounts shall thereafter accrue interest at the rate then applicable hereunder. Any interest not paid when due shall be compounded by becoming a part of the Obligations, and such interest shall
thereafter accrue interest at the rate then applicable hereunder. 
 (d) Computation. In the event the Prime Referenced Rate is
changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Referenced Rate is changed, by an amount equal to such change in the Prime Referenced Rate. All
interest chargeable under the Loan Documents shall be computed on the basis of a 360 day year for the actual number of days elapsed. 
 (e)
Maximum Rate. At no time shall any provision of this Agreement obligate the Borrowers to make any payment of interest or other amount payable to the Bank in an amount or calculated at a rate which would be prohibited by law or would result in
the receipt by the Bank of interest at a criminal rate (as construed under U.S. state or Federal law or the Criminal Code (Canada)). In the event any interest is charged or received by the Bank in excess of the legal rate, the Borrowers acknowledge,
that the amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, so as not to be so prohibited by law or result in a receipt by the Bank of interest at a criminal
rate, the adjustment shall be effected, to the extent necessary, as follows: (i) firstly, by reducing the amount or rate of interest required to be paid to the Bank under this Agreement; and (ii) thereafter, by reducing any fees,
commissions, premiums and other amounts required to be paid to the Bank which would constitute interest for purposes of U.S. state or Federal law or Section 347 of the Criminal Code (Canada). 

(f) Interest Act Canada. For purposes of the Interest Act (Canada), where in this Agreement a rate of interest is to be calculated on
the basis of a year of 360 or 365 days, the yearly rate of interest to which the rate is equivalent is the rate multiplied by the number of days in the year for which the calculation is made and divided by 360 or 365, as applicable. 

2.4 Crediting Payments. When no Event of Default has occurred and is continuing and subject to Section 2.7, Bank shall credit a
wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrowers specify. After the occurrence and during the continuance of an Event of Default, Bank shall have the right, in its sole discretion, to
immediately apply any wire transfer of funds, check, or other item of payment Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately
available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by Bank after 12:00 noon Pacific
time shall be deemed to have been received by Bank as of the opening of business on the immediately following Business Day. Whenever any payment to Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date
that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension. 

  
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 2.5 Fees. Borrowers shall pay to Bank: 

(a) such fees as are set forth on the Closing and Disbursement Statement to be executed in connection with this Agreement, 

(b) a Term Loan facility fee of $212,500, due and payable on the earlier of March 1, 2014 or acceleration of the Indebtedness as provided
hereunder; 
 (c) a Term Loan facility fee of $113,335, due and payable on the earlier of the Term Loan Maturity Date or acceleration of the
Indebtedness as provided hereunder; and 
 (d) an annual facility fee with respect to the Export Revolving Line, which is due and payable
March 1, 2012 and March 1, 2013 (but not on the Revolving Maturity Date), each annual fee payment to be in the amount of $8,750. 

(e) all Bank Expenses, as and when they become due. 

2.6 Term. This Agreement shall become effective on the Closing Date and, subject to Section 13.7, shall continue in full force and
effect for so long as any Obligations remain outstanding or Bank has any obligation to make Credit Extensions under this Agreement. Notwithstanding the foregoing, Bank shall have the right to terminate its obligation to make Credit Extensions under
this Agreement immediately and without notice upon the occurrence and during the continuance of an Event of Default. 
 2.7 Lock
Box/Collection Accounts. Borrowers acknowledge and agree that the Accounts are on a “remittance basis” in accordance with the following. In connection therewith, Borrowers shall at its sole expense establish and maintain: 

(a) A United States Post Office lock box (“Lock Box”). Borrowers agree to notify all account debtors and other parties obligated to
Borrowers that all payments made to Borrowers (other than payments by electronic funds transfer) shall be remitted, for the credit of Borrowers, to the Lock Box, and Borrowers shall include a like statement on all invoices; 

(b) The Lock Box shall remain separate from any other accounts used to collect the Export-Related Accounts Receivable as defined in the
Borrower Agreement. Unless an Event of Default has occurred and is continuing, Bank may only apply all or part of the amounts in the Lock Box to the indebtedness of Borrowers owed to the Bank upon Borrowers’ prior consent. 

Further, Borrowers shall, unless otherwise directed by Bank in writing, direct all customers or other Person owing money to Borrowers, evidenced by an
Eligible Export-Related Accounts Receivable, who make payment by electronic transfer of funds to wire such funds directly to an account of Borrowers maintained with Bank (the “Collection Account”), over which Bank shall have exclusive and
unrestricted access. All funds received by Borrowers from Eligible Export-Related Accounts Receivable debtors which are not made by electronic transfer of funds shall be deposited by the Borrowers into the Collection Account within two business days
of receipt of such funds. Borrowers irrevocably authorize Bank to transfer to the Collection Account any Borrower funds that have been deposited into any other accounts or that Bank has received by wire transfer, check, cash, or otherwise from an
Eligible Export-Related Accounts Receivable debtor. Such Collection Account shall remain separate from any other accounts 

  
 6 

 
used to collect Accounts Receivable which are not Eligible Export-Related Accounts Receivable. Unless an Event of Default has occurred and is continuing, Bank may only apply all or part of the
amounts in the Collection Account to the indebtedness of Borrowers owed to the Bank upon Borrower’s prior consent. 
  

	3.	CONDITIONS OF LOANS. 

 3.1 Conditions Precedent to Initial Credit Extension. The
obligation of Bank to make the initial Credit Extension is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: 

(a) this Agreement; 
 (b) an
officer’s certificate of each Borrower with respect to incumbency and resolutions authorizing the execution and delivery of this Agreement; 

(c) a financing statement (Form UCC-1); 

(d) agreement to provide insurance; 

(e) payment of the fees and Bank Expenses then due specified in Section 2.5; 

(f) current SOS Reports indicating that except for Permitted Liens, there are no other security interests or Liens of record in the
Collateral; 
 (g) an audit of the Collateral, the results of which shall be satisfactory to Bank; 

(h) current financial statements, including audited statements for the most recently ended fiscal year of each Borrower, together with an
unqualified opinion, company prepared consolidated balance sheets and income statements for the most recently ended month in accordance with Section 6.2, and such other updated financial information as Bank may reasonably request; 

(i) current Compliance Certificate in accordance with Section 6.2; 

(j) a Collateral Information Certificate; and 

(k) such other documents or certificates, and completion of such other matters, as Bank may reasonably deem necessary or appropriate including
noted on the closing checklist prepared in connection with this Agreement, attached hereto as Exhibit I. 
 3.2 Conditions
Precedent to all Credit Extensions. The obligation of Bank to make each Credit Extension, including the initial Credit Extension, is further subject to the following conditions: 

(a) timely receipt by Bank of the Payment/Advance Form as provided in Section 2.1; and 

(b) the representations and warranties contained in Section 5 shall be true and correct in all material respects on and as of the date of
such Payment/Advance Form and on the effective date of each Credit Extension as though made at and as of each such date, and no Event of Default shall have occurred and be continuing, or would exist after giving effect to such Credit Extension
(provided, however, that those representations and warranties expressly referring to another date shall be true, correct and complete in all material respects as of such date). The making of each Credit Extension shall be deemed to be a
representation and warranty by Borrowers on the date of such Credit Extension as to the accuracy of the facts referred to in this Section 3.2 

  
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 (c) Bank shall have received evidence, in form and substance satisfactory to Bank that
ProteinSimple (i) has delivered to the Ex-Im Bank all of the Ex-Im Documents as are required by the Ex-Im Bank, including, without limitation, any financial statements required to be delivered to Ex-Im Bank pursuant to Section 11 of the
Loan Authorization Notice and a summary of all Export Orders against ProteinSimple is requesting Advances as of the effective date and (ii) is in compliance with all terms and conditions of the Ex-Im Bank’s working capital guarantee
program, including, without limitation, receipt of all waivers from the Ex-Im Bank necessary with respect to the Export Revolving Line Advances contemplated to be made under this Agreement with respect to Eligible Export Accounts. 

3.3 [Reserved] 
  

	4.	CREATION OF SECURITY INTEREST. 

 4.1 Grant of Security Interest. Borrowers grant and
pledge to Bank a continuing security interest in the Collateral to secure prompt repayment of any and all Obligations and to secure prompt performance by Borrowers of each of their respective covenants and duties under the Loan Documents. Except as
set forth in the Schedule and except for Permitted Liens, such security interest constitutes a valid, first priority security interest in the presently existing Collateral, and will constitute a valid, first priority security interest in
later-acquired Collateral. Notwithstanding any termination, Bank’s Lien on the Collateral shall remain in effect for so long as any Obligations are outstanding. 

Pursuant to that certain General Security Agreement executed by ProteinSimple Canada in favor of Bank dated January 26, 2012 (the
“GSA”), ProteinSimple Canada grants and pledges to Bank a continuing security interest in the Collateral (as defined in the GSA) to secure prompt repayment of any and all Indebtedness and to secure prompt performance by ProteinSimple
Canada of each of its covenants and obligations under this Agreement and the Loan Documents. 
 4.2 Perfection of Security Interest.
Borrowers authorize Bank to file at any time financing statements, continuation statements, and amendments thereto that (i) either specifically describe the Collateral or describe the Collateral as all assets of Borrowers of the kind pledged
hereunder, and (ii) contain any other information required by the Code or PPSA for the sufficiency of filing office acceptance of any financing statement, continuation statement, or amendment, including whether Borrower is an organization, the
type of organization and any organizational identification number issued to Borrower, if applicable. Any such financing statements may be signed by Bank on behalf of Borrower, as provided in the Code or other applicable legislation, and may be filed
at any time in any jurisdiction whether or not Revised Article 9 of the Code is then in effect in that jurisdiction. Borrowers shall from time to time endorse and deliver to Bank, at the request of Bank, all Negotiable Collateral and other documents
that Bank may reasonably request, in form reasonably satisfactory to Bank, to perfect and continue perfected Bank’s security interests in the Collateral and in order to fully consummate all of the transactions contemplated under the Loan
Documents. Borrowers shall have possession of the Collateral, except where expressly otherwise provided in this Agreement or where Bank reasonably determines to perfect its security interest by possession in addition to the filing of a financing
statement. Where Collateral is in possession of a third party bailee, Borrower shall take such steps as Bank reasonably requests for Bank to (i) obtain an acknowledgment, in form and substance reasonably satisfactory to Bank, of the bailee that
the bailee holds such Collateral for the benefit of Bank, (ii) obtain “control” of any Collateral if Bank deems such action necessary to acquire or maintain a valid, first priority security interest in such property, which may consist
of investment property, deposit accounts, letter-of-credit rights or electronic chattel paper (as such items and the term “control” are defined in Revised Article 9 of 

  
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the Code or as may be defined by the law of the jurisdiction governing the perfection of the security interest in such collateral) by causing the securities intermediary or depositary institution
or issuing bank to execute a control agreement in form and substance reasonably satisfactory to Bank. Borrower will not create any chattel paper without placing a legend on the chattel paper acceptable to Bank indicating that Bank has a security
interest in the chattel paper. Borrower from time to time may deposit with Bank specific cash collateral to secure specific Obligations; Borrowers authorize Bank to hold such specific balances in pledge and to decline to honor any drafts thereon or
any request by Borrower or any other Person to pay or otherwise transfer any part of such balances for so long as the specific Obligations are outstanding. 

4.3 Right to Inspect. Bank (through any of its officers, employees, or agents) shall have the right, upon reasonable prior written
notice, from time to time during Borrowers’ usual business hours but no more than twice a year (unless an Event of Default has occurred and is continuing), to inspect each Borrowers’ Books and to make copies thereof and to check, test, and
appraise the Collateral in order to verify each Borrower’s financial condition or the amount, condition of, or any other matter relating to, the Collateral 
  

	5.	REPRESENTATIONS AND WARRANTIES. 

 Borrowers represent and warrant as follows: 

5.1 Due Organization and Qualification. Each Borrower and each Subsidiary is a corporation duly existing under the laws of the
jurisdiction in which it is incorporated and qualified and licensed to do business in any jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to do so would not
reasonably be expected to cause a Material Adverse Effect. 
 5.2 Due Authorization; No Conflict. The execution, delivery, and
performance of the Loan Documents are within Borrowers’ powers, have been duly authorized, and are not in conflict with nor constitute a breach of any provision contained in either Borrower’s constating documents, nor will they constitute
an event of default under any material agreement by which either Borrower is bound. No Borrower is in default under any agreement by which it is bound, except to the extent such default would not reasonably be expected to cause a Material Adverse
Effect. 
 5.3 Collateral. Each Borrower has rights in or the power to transfer the Collateral, and each of its title to the
Collateral is free and clear of Liens, adverse claims, and restrictions on transfer or pledge except for Permitted Liens. All Collateral is located solely in the Collateral States. The Eligible Accounts are bona fide existing obligations. The
property or services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or its agent for immediate shipment to and unconditional acceptance by the account debtor. No Borrower has received notice of actual or
imminent Insolvency Proceeding of any account debtor whose accounts are included in any Domestic Borrowing Base Certificate or Export Borrowing Base Certificate as an Eligible Account. All Inventory is in all material respects of good and
merchantable quality, free from all material defects, except for Inventory for which adequate reserves have been made. Except as set forth in the Schedule, none of the Collateral is maintained or invested with a Person other than Bank or Bank’s
Affiliates. 
 5.4 Intellectual Property. Each Borrower is the sole owner of its Intellectual Property, except for licenses granted
by such Borrower to its customers in the ordinary course of business. To the best of each Borrower’s knowledge, each of the Copyrights, Trademarks and Patents is valid and enforceable, and no part of the Intellectual Property has been judged
invalid or unenforceable, in whole or in part, and no claim has been made to any Borrower that any part of the Intellectual Property violates the rights of 

  
 9 

 
any third party except to the extent such claim would not reasonably be expected to cause a Material Adverse Effect. Except as set forth in the Schedule, each Borrower’s rights as a licensee
of intellectual property do not give rise to more than 5% of its gross revenue in any given month, including without limitation revenue derived from the sale, licensing, rendering or disposition of any product or service. 

5.5 Name; Location of Chief Executive Office. Except as disclosed in the Schedule, no Borrower has done business under any name other
than that specified on the signature page of this Agreement, and its exact legal name is as set forth in the first paragraph of this Agreement. The chief executive office of ProteinSimple is located in the Chief Executive Office State at the address
indicated in Section 10 hereof. The chief executive office of ProteinSimple Canada is located at the following address: 

3040 Oakmead Village 

Santa Clara, CA 95051 

5.6 Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against either Borrower or any
Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect. 

5.7 No Material Adverse Change in Financial Statements. All consolidated financial statements related to Borrowers and any Subsidiary
that are delivered by Borrowers to Bank fairly present in all material respects Borrowers’ consolidated financial condition as of the date thereof and Borrowers’ consolidated results of operations for the period then ended. There has not
been a material adverse change in the consolidated financial condition of either Borrower since the date of the most recent of such financial statements submitted to Bank. 

5.8 Solvency, Payment of Debts. Each Borrower is able to pay its debts (including trade debts) as they mature; the fair saleable value
of each Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; and neither Borrower is left with unreasonably small capital after the transactions contemplated by this Agreement. 

5.9 Compliance with Laws and Regulations. Each Borrower and each Subsidiary have met the minimum funding requirements of ERISA with
respect to any employee benefit plans subject to ERISA (to the extent applicable). No event has occurred resulting from either Borrower’s failure to comply with ERISA (to the extent applicable) that is reasonably likely to result in either
Borrower’s incurring any liability that could reasonably be expected to have a Material Adverse Effect. No Borrower is an “investment company” or a company “controlled” by an “investment company” within the meaning
of the Investment Company Act of 1940. No Borrower is engaged principally, or as one of the important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulations T and U
of the Board of Governors of the Federal Reserve System). Each Borrower has complied in all material respects with all applicable provisions of the Federal Fair Labor Standards Act (to the extent applicable). Each Borrower is in compliance with all
applicable environmental laws, regulations and ordinances except where the failure to comply is not reasonably likely to have a Material Adverse Effect. No Borrower has violated any statutes, laws, ordinances or rules applicable to it, the violation
of which could reasonably be expected to have a Material Adverse Effect. Each Borrower and each Subsidiary have filed or caused to be filed all tax returns required to be filed, and have paid, or have made adequate provision for the payment of, all
taxes reflected therein except those being contested in good faith with adequate reserves under GAAP or where the failure to file such returns or pay such taxes would not reasonably be expected to have a Material Adverse Effect. 

  
 10 

 5.10 Subsidiaries. Borrowers do not own any stock, partnership interest or other equity
securities of any Person, except for Permitted Investments. 
 5.11 Government Consents. Each Borrower and each Subsidiary have
obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices to, all governmental authorities that are necessary for the continued operation of each Borrower’s business as currently
conducted, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect. 
 5.12 Inbound
Licenses. Except as disclosed on the Schedule, no Borrower is a party to, nor is bound by, any license or other agreement that prohibits or otherwise restricts either Borrower from granting a security interest in either Borrower’s interest
in such license or agreement or any other property. 
 5.13 Full Disclosure. No representation, warranty or other statement made by a
Borrower in any certificate or written statement furnished to Bank taken together with all such certificates and written statements furnished to Bank contains any untrue statement of a material fact or omits to state a material fact necessary in
order to make the statements contained in such certificates or statements not misleading, it being recognized by Bank that the projections and forecasts provided by a Borrower in good faith and based upon reasonable assumptions are not to be viewed
as facts and that actual results during the period or periods covered by any such projections and forecasts may differ from the projected or forecasted results. 

5.14 Canadian Pension Plans. The Canadian Pension Plans are duly registered under the ITA (if required to be so registered) and any
other applicable laws which require registration, have been administered in accordance with the ITA and such other applicable laws and no event has occurred which could reasonably be expected to cause the loss of such registered status, except to
the extent that any failure to do so could not reasonably be expected to have a Material Adverse Effect. All material obligations of ProteinSimple Canada (including fiduciary, funding, investment and administration obligations) required to be
performed in connection with the Canadian Pension Plans and the funding agreements therefor have been performed on a timely basis, except to the extent that any failure to do so could not reasonably be expected to have a Material Adverse Effect.
There are no outstanding disputes concerning the assets of the Canadian Pension Plans or the Canadian Benefit Plans. All contributions or premiums required to be made or paid by ProteinSimple Canada to the Canadian Pension Plans or the Canadian
Benefit Plans have been made on a timely basis in accordance with the terms of such plans and all applicable laws, except to the extent that any failure to do so could not reasonably be expected to have a Material Adverse Effect. There have been no
improper withdrawals or applications of the assets of the Canadian Pension Plans or the Canadian Benefit Plans. 
  

	6.	AFFIRMATIVE COVENANTS. 

 Each Borrower covenants that, until payment in full of all outstanding
Obligations (other than inchoate indemnity obligations), and for so long as Bank may have any commitment to make a Credit Extension hereunder, Borrowers shall do all of the following: 

6.1 Good Standing and Government Compliance. Each Borrower shall maintain its and each of its Subsidiaries’ corporate existence
and good standing in their respective jurisdictions of formation, shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify would reasonably be expected to have a Material Adverse Effect, and shall
furnish to Bank the organizational identification number issued to such Borrower by the authorities of the state or province in which such Borrower is organized, if applicable. Each Borrower shall meet, and shall cause each

  
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Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except where the failure to meet such requirements would not reasonably
be expected to have a Material Adverse Effect. Each Borrower shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so would
reasonably be expected to have a Material Adverse Effect. Each Borrower shall comply, and shall cause each Subsidiary to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and
shall cause each of its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which would reasonably be expected to have a Material Adverse Effect. 

6.2 Financial Statements, Reports, Certificates. Borrowers shall deliver to Bank: 

(a) (i) as soon as available, but in any event within 30 days after the end of each calendar month, a company prepared balance sheet and income
statement covering Borrowers’ operations during such period, in a form reasonably acceptable to Bank and certified by a Responsible Officer; 

(ii) as soon as available, but in any event within 180 days after the end of Borrowers’ fiscal year, beginning with
Borrowers’ fiscal year ending December 31, 2011, audited financial statements of Borrowers prepared in accordance with GAAP, consistently applied, together with an opinion which is unqualified or otherwise consented to in writing by Bank
on such financial statements of an independent certified public accounting firm reasonably acceptable to Bank; 
 (iii) if
applicable, copies of all statements, reports and notices sent or made available generally by either Borrower to its security holders or to any holders of Subordinated Debt and all reports on Forms 10-K and 10-Q filed with the Securities and
Exchange Commission; 
 (iv) promptly upon receipt of notice thereof, a report of any legal actions pending or threatened
against either Borrower or any Subsidiary that could reasonably be expected to result in damages or costs to either Borrower or any Subsidiary of $250,000 or more; 

(v) promptly upon receipt, each management letter prepared by Borrowers’ independent certified public accounting firm
regarding each Borrower’s management control systems; and 
 (vi) such budgets, sales projections, operating plans or
other financial information or statements generally prepared by Borrowers in the ordinary course of business as Bank may reasonably request from time to time. All financial statements of Borrowers shall be prepared on a consolidated and
consolidating basis. 
 (b) Within 20 days after the last day of each month, Borrowers shall deliver to Bank a Domestic Borrowing Base
Certificate signed by a Responsible Officer of ProteinSimple in substantially the form of Exhibit E hereto, together with aged listings by invoice date of accounts receivable and accounts payable for the Borrowers certified by a
Responsible Officer of ProteinSimple. 
 (c) Within 30 days after the last day of each month, Borrowers shall deliver to Bank a Compliance
Certificate certified as of the last day of the preceding month and signed by a Responsible Officer in substantially the form attached hereto as Exhibit G. 

  
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 (d) Within 20 days after the last day of each month, Borrowers shall deliver to Bank a Export
Borrowing Base Certificate signed by a Responsible Officer of ProteinSimple in substantially the form of Exhibit F hereto, together with, aged listing by due date of Eligible Export Accounts, and a report of Export Orders for the
previous month. 
 (e) copies of all Export Orders, or if permitted by Bank, a summary of all Export Orders against which Borrowers are
requesting Advances, and such other schedules and reports as may be referenced in or required pursuant to the Ex-Im Documents. 
 (f) On or
before the 45th day subsequent to the last day of each fiscal year of Borrowers, a budget of each Borrower for such year, approved by each Borrower’s board of directors. 

(g) As soon as possible and in any event within 3 Business Days after becoming aware of the occurrence or existence of an Event of Default
hereunder, Borrowers shall deliver to Bank a written statement of a Responsible Officer setting forth details of the Event of Default, and the action which Borrowers have taken or proposes to take with respect thereto. 

(h) Bank shall have a right from time to time hereafter to audit (a) Borrowers’ Accounts (as defined in the GSA and in this
Agreement, as applicable) at Borrowers’ expense, provided that such audits will be conducted no more often than every 6 months as to ProteinSimple’s accounts, and no more often than annually as to ProteinSimple Canada’s accounts,
unless an Event of Default has occurred and is continuing, and (b) ProteinSimple’s inventory, at Borrowers’ expenses, provided that such one-time audit shall be conducted on or before February 29, 2012, unless an Event of Default
has occurred and is continuing; provided further that such audits shall be conducted during Borrowers’ normal business hours. 

Borrowers may deliver to Bank on an electronic basis any certificates, reports or information required pursuant to this Section 6.2, and
Bank shall be entitled to rely on the information contained in the electronic files, provided that Bank in good faith believes that the files were delivered by a Responsible Officer. If Borrowers deliver this information electronically, it shall
also deliver to Bank by U.S. Mail, reputable overnight courier service, hand delivery, facsimile or .pdf file within 5 Business Days of submission of the unsigned electronic copy the certification of monthly financial statements, the intellectual
property report, the Domestic Borrowing Base Certificate, the Export Borrowing Base Certificate and the Compliance Certificate, each bearing the physical signature of the Responsible Officer. 

6.3 Inventory; Returns. Borrowers shall keep all Inventory in good and merchantable condition, free from all material defects except
for Inventory for which adequate reserves have been made. Returns and allowances, if any, as between a Borrower and its account debtors shall be on the same basis and in accordance with the usual customary practices of such Borrower, as they exist
on the Closing Date. Borrowers shall promptly notify Bank of all returns and recoveries and of all disputes and claims involving more than $250,000. 

6.4 Taxes. Borrowers shall make, and cause each Subsidiary to make, due and timely payment or deposit of all material federal, state,
provincial and local taxes, assessments, or contributions required of it by law, including, but not limited to, those laws concerning income taxes, F.I.C.A., F.U.T.A. and state disability, and will execute and deliver to Bank, on demand, proof
satisfactory to Bank indicating that a Borrower or a Subsidiary has made such payments or deposits and any appropriate certificates attesting to the payment or deposit thereof; provided that such Borrower or such Subsidiary need not make any payment
if the amount or validity of such payment is contested in good faith by appropriate proceedings and is reserved against (to the extent required by GAAP) by such Borrower. 

  
 13 

 6.5 Insurance. 

(a) Borrowers, at their expense, shall keep the Collateral insured against loss or damage by fire, theft, explosion, sprinklers, and all other
hazards and risks, and in such amounts, as ordinarily insured against by other owners in similar businesses conducted in the locations where each Borrower’s business is conducted on the date hereof. Borrowers shall also maintain liability and
other insurance in amounts and of a type that are customary to businesses similar to that of either Borrower. 
 (b) All such policies of
insurance shall be in such form, with such companies, and in such amounts as reasonably satisfactory to Bank. All policies of property insurance shall contain a lender’s loss payable endorsement, in a form reasonably satisfactory to Bank,
showing Bank as an additional loss payee, and all liability insurance policies shall show Bank as an additional insured and specify that the insurer must give at least 20 days notice to Bank before canceling its policy for any reason. Upon
Bank’s request, Borrowers shall deliver to Bank certified copies of the policies of insurance and evidence of all premium payments. If no Event of Default has occurred and is continuing, proceeds payable under any casualty policy will, at
Borrowers’ option, be payable to Borrowers to replace the property subject to the claim, provided that any such replacement property shall be deemed Collateral in which Bank has been granted a first priority security interest (subject to
Permitted Liens that are not required to be subordinate to Bank’s Liens). If an Event of Default has occurred and is continuing, all proceeds payable under any such policy shall, at Bank’s option, be payable to Bank to be applied on
account of the Obligations. 
 6.6 Primary Depository. Borrowers shall maintain all of their respective domestic depository and
operating accounts with Bank and their primary investment accounts with Bank or Bank’s Affiliates. Borrowers shall maintain at all times unrestricted Cash on deposit with the Bank in an amount not less than $3,000,000. 

6.7 Financial Covenants. Borrowers shall maintain the following financial ratios and covenants: 

(a) Adjusted Quick Ratio. A ratio of (i) Borrowers’ unrestricted Cash on deposit with the Bank plus trade accounts receivable
outstanding less than 90 days past the invoice date, to (ii) Current Liabilities plus (to the extent not already included therein) all Indebtedness to Bank, less Deferred Maintenance Contract Revenue, less any liability arising from any
preferred stock warrant, less deferred rent liability, of (i) at least 0.70 to 1.00 as of the end of each fiscal quarter, and (ii) at least 0.55 to 1.00 as of the end of each month that is not the end of a fiscal quarter. 

(b) Rolling Revenues. Commencing January 31, 2012, Rolling Revenues for the 3 month period most recently ended shall be not less
than, as of the dates set forth below, the corresponding minimum amount. Thereafter, Rolling Revenues shall be not less than levels to be reset by January 31st of each year by Bank based on the projections that have been approved by each
Borrower’s Board of Directors and by Bank. 
  

					
	 January 31, 2012 -
	  	$	9,550,000	  
	 February 29, 2012 -
	  	$	8,300,000	  
	 March 31, 2012 -
	  	$	7,100,000	  
	 April 30, 2012 -
	  	$	7,650,000	  
	 May 31, 2012 -
	  	$	8,000,000	  
	 June 30, 2012 -
	  	$	9,000,000	  
	 July 31, 2012 -
	  	$	8,825,000	  
	 August 31, 2012 -
	  	$	8,600,000	  
	 September 30, 2012 -
	  	$	8,600,000	  
	 October 31, 2012 -
	  	$	9,050,000	  
	 November 30, 2012 -
	  	$	9,775,000	  
	 December 30, 2012 -
	  	$	10,750,000	  

  
 14 

 6.8 Registration of Intellectual Property Rights. 

(a) Borrowers shall register or cause to be registered on an expedited basis (to the extent not already registered) with the United States
Patent and Trademark Office, the United States Copyright Office or the Canadian Intellectual Property Office, as the case may be, those registrable intellectual property rights now owned or hereafter developed or acquired by a Borrower, to the
extent that such Borrower, in its reasonable business judgment, deems it appropriate to so protect such intellectual property rights. 
 (b)
Borrowers shall promptly give Bank written notice of any applications or registrations of intellectual property rights filed with the United States Patent and Trademark Office or the Canadian Intellectual Property Office, including the date of such
filing and the registration or application numbers, if any. 
 (c) Borrowers shall promptly give Bank written notice of any applications or
registrations filed with the United States Copyright Office, including a copy of such applications or registrations. 
 (d) Borrowers shall
(i) use commercially reasonable efforts to protect, defend and maintain the validity and enforceability of the trade secrets, Trademarks, Patents and Copyrights, (ii) use commercially reasonable efforts to detect infringements of the
Trademarks, Patents and Copyrights and promptly advise Bank in writing of material infringements detected and (iii) not allow any material Trademarks, Patents or Copyrights to be abandoned, forfeited or dedicated to the public without the
written consent of Bank, which shall not be unreasonably withheld. 
 (e) Bank may audit either Borrower’s Intellectual Property to
confirm compliance with this Section 6.8, provided such audit may not occur more often than twice per year, unless an Event of Default has occurred and is continuing. Bank shall have the right, but not the obligation, to take, at
Borrowers’ sole expense, any actions that a Borrower is required under this Section 6.8 to take but which such Borrower fails to take, after 15 days’ notice to Borrowers. Borrowers shall reimburse and indemnify Bank for all reasonable
costs and reasonable expenses incurred in the reasonable exercise of its rights under this Section 6.8. 
 6.9 Consent of Inbound
Licensors. Prior to entering into or becoming bound by any material license or agreement, Borrowers shall: (i) provide written notice to Bank of the material terms of such license or agreement with a description of its likely impact on
Borrowers’ business or financial condition; and (ii) in good faith use commercially reasonable efforts to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for Borrowers’ interest in such licenses or
contract rights to be deemed Collateral and for Bank to have a security interest in it that might otherwise be restricted by the terms of the applicable license or agreement, whether now existing or entered into in the future, provided, however,
that the failure to obtain any such consent or waiver shall not constitute a default under this Agreement. 
 6.10 Creation / Acquisition
of Subsidiaries. In the event a Borrower or any Subsidiary creates or acquires any Subsidiary, Borrowers and such Subsidiary shall promptly notify Bank of the creation or acquisition of such new Subsidiary and take all such action as may be
reasonably required by Bank to 

  
 15 

 
cause such Subsidiary (if such Subsidiary is a Domestic Subsidiary) to guarantee the Obligations of Borrowers under the Loan Documents and grant a continuing pledge and security interest in and
to the collateral of such Subsidiary (substantially as described on Exhibit A hereto), and such Borrower shall grant and pledge to Bank a perfected security interest in the stock, units or other evidence of ownership of such Subsidiary
(not to exceed 65% of the equity securities of any foreign organized Subsidiary). 
 6.11 Further Assurances. At any time and from
time to time Borrowers shall execute and deliver such further instruments and take such further action as may reasonably be requested by Bank to effect the purposes of this Agreement. 

6.12 Canada Benefit and Pension Plans. For each existing Canadian Pension Plan, ProteinSimple Canada shall ensure that such plan
retains its registered status under and is administered in a timely manner in all respects in accordance with the applicable pension plan text, funding agreement, the ITA and all other applicable laws. For each Canadian Pension Plan hereafter
adopted or contributed to by ProteinSimple Canada which is required to be registered under the ITA or any other applicable laws, ProteinSimple Canada shall use its best efforts to seek and receive confirmation in writing from the applicable
regulatory authorities to the effect that such plan is unconditionally registered under the ITA and such other applicable laws. For each existing Canadian Pension Plan and Canadian Benefit Plan hereafter adopted or contributed to by ProteinSimple
Canada, ProteinSimple Canada shall in a timely fashion perform in all material respects all obligations (including fiduciary, funding, investment and administration obligations) required to be performed in connection with such plan and the funding
therefor. 
  

	7.	NEGATIVE COVENANTS. 

 Borrowers covenant and agree that, so long as any credit hereunder shall
be available and until the outstanding Obligations (other than inchoate indemnity obligations) are paid in full or for so long as Bank may have any commitment to make any Credit Extensions, Borrowers will not do any of the following without
Bank’s prior written consent, which shall not be unreasonably withheld: 
 7.1 Dispositions. Convey, sell, lease, license,
transfer or otherwise dispose of (collectively, to “Transfer”), or permit any of its Subsidiaries to Transfer, all or any part of its business or property, or move cash balances on deposit with Bank to accounts opened at another financial
institution, other than Permitted Transfers. 
 7.2 Change in Name, Location, Executive Office, or Executive Management; Change in
Business; Change in Fiscal Year; Change in Control. Change its name or the Borrower State or relocate its chief executive office without 30 days prior written notification to Bank; replace its chief executive officer or chief financial officer
without written notification to Bank within 5 days after such event; engage in any business, or permit any of its Subsidiaries to engage in any business, other than or reasonably related or incidental to the businesses currently engaged in by
Borrowers; change its fiscal year end; have a Change in Control. 
 7.3 Mergers or Acquisitions. Merge or consolidate, or permit any
of its Subsidiaries to merge or consolidate, with or into any other business organization (other than mergers or consolidations of a Subsidiary into another Subsidiary or into a Borrower), or acquire, or permit any of its Subsidiaries to acquire,
all or substantially all of the capital stock or property of another Person except where (i) such transactions do not in the aggregate exceed $250,000 during any fiscal year, (ii) no Event of Default has occurred, is continuing or would
exist after giving effect to such transactions, (iii)such transactions do not result in a Change in Control, and (iv) a Borrower is the surviving entity. 

  
 16 

 7.4 Indebtedness. Create, incur, assume, guarantee or be or remain liable with respect to
any Indebtedness, or permit any Subsidiary so to do, other than Permitted Indebtedness, or prepay any Indebtedness or take any actions which impose on a Borrower an obligation to prepay any Indebtedness, except Indebtedness to Bank. 

7.5 Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right
to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that a Borrower in the future will refrain from creating, incurring, assuming or allowing
any Lien with respect to any of Borrowers’ property. 
 7.6 Distributions. Pay any dividends or make any other distribution or
payment on account of or in redemption, retirement or purchase of any capital stock. 
 7.7 Investments. Directly or indirectly
acquire or own, or make any Investment in or to any Person, or permit any of its Subsidiaries so to do, other than Permitted Investments, or maintain or invest any of its property with a Person other than Bank or Bank’s Affiliates or permit any
Subsidiary to do so unless such Person has entered into a control agreement with Bank, in form and substance satisfactory to Bank, or suffer or permit any Subsidiary to be a party to, or be bound by, an agreement that restricts such Subsidiary from
paying dividends or otherwise distributing property to a Borrower. 
 7.8 Transactions with Affiliates. Directly or indirectly enter
into or permit to exist any material transaction with any Affiliate of a Borrower except for transactions in the ordinary course of such Borrower’s business, upon fair and reasonable terms that are no less favorable to such Borrower than would
be obtained in an arm’s length transaction with a non-affiliated Person. 
 7.9 Subordinated Debt. Make any payment in respect
of any Subordinated Debt, or permit any of its Subsidiaries to make any such payment, except in compliance with the terms of such Subordinated Debt, or amend any provision affecting Bank’s rights contained in any documentation relating to the
Subordinated Debt without Bank’s prior written consent. 
 7.10 Inventory and Equipment. Store the Inventory or the Equipment
with a bailee, warehouseman, or similar third party unless the third party has been notified of Bank’s security interest and Bank (a) has received an acknowledgment from the third party that it is holding or will hold the Inventory or
Equipment for Bank’s benefit or (b) is in possession of the warehouse receipt, where negotiable, covering such Inventory or Equipment. Except for Inventory sold in the ordinary course of business and except for such other locations as Bank
may approve in writing, Borrowers shall keep the Inventory and Equipment only at the locations set forth in Section 10 and the Schedule and such other locations of which Borrowers give Bank prior written notice and as to which Bank files a
financing statement where needed to perfect its security interest. 
 7.11 No Investment Company; Margin Regulation. Become or be
controlled by an “investment company,” within the meaning of the Investment Company Act of 1940, or become principally engaged in, or undertake as one of its important activities, the business of extending credit for the purpose of
purchasing or carrying margin stock, or use the proceeds of any Credit Extension for such purpose. 
 7.12 OFAC and Canadian
Anti-terrorism Laws. To the extent any Borrower or Subsidiary is subject to such legislation, no Borrower shall, and no Borrower shall permit any of its Subsidiaries to (i) become a person whose property or interests in property are blocked
or subject to blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting 

  
 17 

 
Transactions With Persons Who Commit, Threaten to Commit or Support Terrorism (66 Fed. Reg. 49079(2001)) or Canadian Anti-Terrorism Laws, (ii) engage in any dealings or transactions
prohibited by Section 2 of such executive order or Canadian Anti-Terrorism Laws, or be otherwise associated with any such person in any manner violative of such Section 2 or Canadian Anti-Terrorism Laws, or (iii) otherwise become a
person on the list of Specially Designated Nationals and Blocked Persons or a similar list under Canadian Anti-Terrorism Laws or subject to the limitations or prohibitions under any other OFAC regulation or executive order. 

 

	8.	EVENTS OF DEFAULT. 

 Any one or more of the following events shall constitute an Event of
Default by Borrowers under this Agreement: 
 8.1 Payment Default. If Borrowers fail to pay any of the Obligations when due; 

8.2 Covenant Default. 

(a) If a Borrower fails to perform any obligation under Sections 6.2, 6.5, 6.6 or 6.7 or violates any of the covenants contained in Article 7
of this Agreement; or 
 (b) If a Borrower fails to perform any obligation under (i) Sections 6.1, 6.3, 6.4, 6.8, 6.9, 6.10 or 6.11 and
has failed to cure such default within 10 days after Borrowers receive notice thereof or any officer of a Borrower becomes aware thereof or (ii) any agreement or instrument pertaining to the Export Revolving Line, subject to any notice or cure
periods. 
 (c) If a Borrower fails or neglects to perform or observe any other material term, provision, condition, covenant contained in
this Agreement, in any of the Loan Documents, or in any other present or future agreement between a Borrower and Bank and as to any default under such other term, provision, condition or covenant that can be cured, has failed to cure such default
within 30 days after Borrowers receive notice thereof or any officer of such Borrower becomes aware thereof; provided, however, that if the default cannot by its nature be cured within the 30 day period or cannot after diligent attempts by Borrowers
be cured within such 30 day period, and such default is likely to be cured within a reasonable time, then such Borrower shall have an additional reasonable period (which shall not in any case exceed 30 days) to attempt to cure such default, and
within such reasonable time period the failure to have cured such default shall not be deemed an Event of Default but no Credit Extensions will be made; 

8.3 Defective Perfection. If Bank shall receive at any time following the Closing Date an SOS Report indicating that except for
Permitted Liens, Bank’s security interest in the Collateral is not prior to all other security interests or Liens of record reflected in the report; 

8.4 Material Adverse Change. If there occurs a material adverse change in either Borrower’s prospects, business or financial
condition, or if there is a material impairment in the prospect of repayment of any portion of the Obligations or a material impairment in the perfection, value or priority of Bank’s security interests in the Collateral; 

8.5 Attachment. If any material portion of either Borrower’s assets is attached, seized, subjected to a writ or distress warrant,
or is levied upon, or comes into the possession of any trustee, receiver or person acting in a similar capacity and such attachment, seizure, writ or distress warrant or levy has not been removed, discharged or rescinded within 30 days, or if either
Borrower is enjoined, restrained, or in any way prevented by court order from continuing to conduct all or any material part of its business affairs, or if a judgment or other claim becomes a lien or encumbrance upon any material

  
 18 

 
portion of either Borrower’s assets, or if a notice of lien, levy, or assessment is filed of record with respect to any of either Borrower’s assets by the United States or Canadian
Government, or any department, agency, or instrumentality thereof, or by any state, county, municipal, or governmental agency, and the same is not paid within ten days after a Borrower receives notice thereof, provided that none of the foregoing
shall constitute an Event of Default where such action or event is stayed or an adequate bond has been posted pending a good faith contest by such Borrower (provided that no Credit Extensions will be made during such cure period); 

8.6 Insolvency. If either Borrower becomes insolvent, or if an Insolvency Proceeding is commenced by either Borrower, or if an
Insolvency Proceeding is commenced against either Borrower and is not dismissed or stayed within 45 days (provided that no Credit Extensions will be made prior to the dismissal of such Insolvency Proceeding); 

8.7 Other Agreements. If there is a default or other failure to perform in any agreement to which a Borrower is a party with a third
party or parties resulting in a right by such third party or parties, whether or not exercised, to accelerate the maturity of any Indebtedness in an amount in excess of $250,000 or that would reasonably be expected to have a Material Adverse Effect;

 8.8 Subordinated Debt. If a Borrower makes any payment on account of Subordinated Debt, except to the extent the payment is
allowed under any subordination agreement entered into with Bank; 
 8.9 Judgments. If a judgment or judgments for the payment of
money in an amount, individually or in the aggregate, of at least $250,000 shall be rendered against either Borrower and shall remain unsatisfied and unstayed for a period of 30 days (provided that no Credit Extensions will be made prior to the
satisfaction or stay of the judgment); or 
 8.10 Misrepresentations. If any material misrepresentation or material misstatement
exists now or hereafter in any warranty or representation set forth herein or in any certificate delivered to Bank by any Responsible Officer pursuant to this Agreement or to induce Bank to enter into this Agreement or any other Loan Document 

8.11 Guaranty. If any guaranty of all or a portion of the Obligations (a “Guaranty) ceases for any reason to be in full force and
effect, or any guarantor fails to perform any obligation under any Guaranty or a security agreement securing any Guaranty (collectively, the “Guaranty Documents”), or any event of default occurs under any Guaranty Document or any guarantor
revokes or purports to revoke a Guaranty, or any material misrepresentation or material misstatement exists now or hereafter in any warranty or representation set forth in any Guaranty Document or in any certificate delivered to Bank in connection
with any Guaranty Document, or if any of the circumstances described in Sections 8.3 through 8.9 occur with respect to any guarantor. 
  

	9.	BANK’S RIGHTS AND REMEDIES. 

 9.1 Rights and Remedies. Upon the occurrence and
during the continuance of an Event of Default, Bank may, at its election, without notice of its election and without demand, do any one or more of the following, all of which are authorized by Borrowers: 

(a) Declare all Obligations, whether evidenced by this Agreement, by any of the other Loan Documents, or otherwise, immediately due and
payable (provided that upon the occurrence of an Event of Default described in Section 8.6, all Obligations shall become immediately due and payable without any action by Bank); 

  
 19 

 (b) Demand that Borrowers (i) deposit cash with Bank in an amount equal to the amount of any
Letters of Credit remaining undrawn, as collateral security for the repayment of any future drawings under such Letters of Credit, and (ii) pay in advance all Letter of Credit fees scheduled to be paid or payable over the remaining term of the
Letters of Credit, and Borrowers shall promptly deposit and pay such amounts; 
 (c) Cease advancing money or extending credit to or for the
benefit of Borrowers under this Agreement or under any other agreement between Borrowers and Bank; 
 (d) Settle or adjust disputes and
claims directly with account debtors for amounts, upon terms and in whatever order that Bank reasonably considers advisable; 
 (e) Make
such payments and do such acts as Bank considers necessary or reasonable to protect its security interest in the Collateral. Borrowers agree to assemble the Collateral if Bank so requires, and to make the Collateral available to Bank as Bank may
designate. Borrowers authorize Bank to enter the premises where the Collateral is located, to take and maintain possession of the Collateral, or any part of it, and to pay, purchase, contest, or compromise any encumbrance, charge, or lien which in
Bank’s determination appears to be prior or superior to its security interest and to pay all expenses incurred in connection therewith. With respect to any of either Borrower’s owned premises, each Borrower hereby grants Bank a license to
enter into possession of such premises and to occupy the same, without charge, in order to exercise any of Bank’s rights or remedies provided herein, at law, in equity, or otherwise; 

(f) Set off and apply to the Obligations any and all (i) balances and deposits of each Borrower held by Bank, and (ii) indebtedness
at any time owing to or for the credit or the account of each Borrower held by Bank; 
 (g) Ship, reclaim, recover, store, finish, maintain,
repair, prepare for sale, advertise for sale, and sell (in the manner provided for herein) the Collateral. Bank is hereby granted a license or other right, solely pursuant to the provisions of this Section 9.1, to use, without charge, either of
Borrowers’ labels, patents, copyrights, rights of use of any name, trade secrets, trade names, trademarks, service marks, and advertising matter, or any property of a similar nature, as it pertains to the Collateral, in completing production
of, advertising for sale, and selling any Collateral and, in connection with Bank’s exercise of its rights under this Section 9.1, Borrowers’ rights under all licenses and all franchise agreements shall inure to Bank’s benefit;

 (h) Sell the Collateral at either a public or private sale, or both, by way of one or more contracts or transactions, for cash or on
terms, in such manner and at such places (including Borrowers’ premises) as Bank determines is commercially reasonable, and apply any proceeds to the Obligations in whatever manner or order Bank deems appropriate. Bank may sell the Collateral
without giving any warranties as to the Collateral. Bank may specifically disclaim any warranties of title or the like. This procedure will not be considered adversely to affect the commercial reasonableness of any sale of the Collateral. If Bank
sells any of the Collateral upon credit, Borrowers will be credited only with payments actually made by the purchaser, received by Bank, and applied to the indebtedness of the purchaser. If the purchaser fails to pay for the Collateral, Bank may
resell the Collateral and the applicable Borrower shall be credited with the proceeds of the sale; 
 (i) Bank may credit bid and purchase
at any public sale; 
 (j) Apply for the appointment of a receiver, trustee, liquidator or conservator of the Collateral, without notice and
without regard to the adequacy of the security for the Obligations and without regard to the solvency either Borrower, any guarantor or any other Person liable for any of the Obligations; and 

  
 20 

 (k) Any deficiency that exists after disposition of the Collateral as provided above will be paid
immediately by the applicable Borrower. 
 Notwithstanding any provision of this Section 9.1 to the contrary, the exercise of remedies
hereunder is subject to the provisions of the Ex-Im Documents (including, where applicable, the consent of the Ex-Im Bank). 
 Bank may comply with any
applicable state or federal law requirements in connection with a disposition of the Collateral and compliance will not be considered adversely to affect the commercial reasonableness of any sale of the Collateral. 

9.2 Power of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, Borrowers hereby
irrevocably appoint Bank (and any of Bank’s designated officers, or employees) as Borrowers’ true and lawful attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the
Accounts; (b) endorse either of Borrower’s name on any checks or other forms of payment or security that may come into Bank’s possession; (c) sign either of Borrower’s name on any invoice or bill of lading relating to any
Account, drafts against account debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with
respect to either Borrower’s policies of insurance; (f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which Bank determines to be reasonable; and (g) to file,
in its sole discretion, one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of the applicable Borrower where permitted by law; provided Bank may exercise such power of
attorney to sign the name of the applicable Borrower on any of the documents described in clauses (g) above, regardless of whether an Event of Default has occurred. The appointment of Bank as Borrowers’ attorney in fact, and each and every
one of Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid and performed and Bank’s obligation to provide advances hereunder is terminated. 

9.3 Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any
Person owing funds to either Borrower of Bank’s security interest in such funds and verify the amount of such Account. Such Borrower shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s
trustee, and immediately deliver such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit. 

9.4 Bank Expenses. If Borrowers fail to pay any amounts or furnish any required proof of payment due to third persons or entities, as
required under the terms of this Agreement, then Bank may do any or all of the following after reasonable notice to Borrowers: (a) make payment of the same or any part thereof; (b) set up such reserves under the Domestic Revolving Line or
the Export Revolving Line as Bank reasonably deems necessary to protect Bank from the exposure created by such failure; or (c) obtain and maintain insurance policies of the type discussed in Section 6.5 of this Agreement, and take any
action with respect to such policies as Bank reasonably deems prudent. Any amounts so paid or deposited by Bank shall constitute Bank Expenses, shall be immediately due and payable, and shall bear interest at the then applicable rate hereinabove
provided, and shall be secured by the Collateral. Any payments made by Bank shall not constitute an agreement by Bank to make similar payments in the future or a waiver by Bank of any Event of Default under this Agreement. 

  
 21 

 9.5 Bank’s Liability for Collateral. Bank has no obligation to clean up or otherwise
prepare the Collateral for sale. All risk of loss, damage or destruction of the Collateral shall be borne by Borrowers. 
 9.6 No
Obligation to Pursue Others. Bank has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Bank may release, modify or waive any collateral provided by any other Person to secure any of
the Obligations, all without affecting Bank’s rights against Borrowers. Borrowers waive any right it may have to require Bank to pursue any other Person for any of the Obligations. 

9.7 Remedies Cumulative. Bank’s rights and remedies under this Agreement, the Loan Documents, and all other agreements shall be
cumulative. Bank shall have all other rights and remedies not inconsistent herewith as provided under the Code, PPSA, by law, or in equity. No exercise by Bank of one right or remedy shall be deemed an election, and no waiver by Bank of any Event of
Default on either Borrower’s part shall be deemed a continuing waiver. No delay by Bank shall constitute a waiver, election, or acquiescence by it. No waiver by Bank shall be effective unless made in a written document signed on behalf of Bank
and then shall be effective only in the specific instance and for the specific purpose for which it was given. Borrowers expressly agree that this Section 9.7 may not be waived or modified by Bank by course of performance, conduct, estoppel or
otherwise. 
 9.8 Demand; Protest. Except as otherwise provided in this Agreement, Borrowers waive demand, protest, notice of
protest, notice of default or dishonor, notice of payment and nonpayment and any other notices relating to the Obligations. 
  

	10.	NOTICES. 

 Unless otherwise provided in this Agreement, all notices or demands by any party
relating to this Agreement or any other agreement entered into in connection herewith shall be in writing and (except for financial statements and other informational documents which may be sent by first-class mail, postage prepaid) shall be
personally delivered or sent by a recognized overnight delivery service, certified mail, postage prepaid, return receipt requested, or by telefacsimile to Borrowers or to Bank, as the case may be, at its addresses set forth below: 

 

			
	If to Borrowers:	  	ProteinSimple
	  	3040 Oakmead Village Drive
	  	Santa Clara, California 95051
	  	Attn: Chief Financial Officer
	  	FAX: 408-510-5599
		
	If to Bank:	  	Comerica Bank
	  	m/c 7512
	  	39200 Six Mile Rd.
	  	Livonia, MI 48152
	  	Attn: National Documentation Services
		
	With a copy to:	  	Comerica Bank
	  	Two Embarcadero Center - Suite 300
	  	San Francisco, CA 94111
	  	Attn: Kim Crosslin
	  	FAX: 415-477-3260

  
 22 

 The parties hereto may change the address at which they are to receive notices hereunder, by
notice in writing in the foregoing manner given to the other. 
  

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

 This Agreement shall be governed by, and construed
in accordance with, the internal laws of the State of California, without regard to principles of conflicts of law. Each Borrower and Bank hereby submits to the exclusive jurisdiction of the state and Federal courts located in the County of Santa
Clara, State of California. THE UNDERSIGNED ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL ONE, BUT THAT IT MAY BE WAIVED UNDER CERTAIN CIRCUMSTANCES. TO THE EXTENT PERMITTED BY LAW, EACH PARTY, AFTER CONSULTING (OR HAVING HAD THE
OPPORTUNITY TO CONSULT) WITH COUNSEL OF ITS, HIS OR HER CHOICE, KNOWINGLY AND VOLUNTARILY, AND FOR THE MUTUAL BENEFIT OF ALL PARTIES, WAIVES ANY RIGHT TO TRIAL BY JURY IN THE EVENT OF LITIGATION ARISING OUT OF OR RELATED TO THIS AGREEMENT OR ANY
OTHER DOCUMENT, INSTRUMENT OR AGREEMENT BETWEEN THE UNDERSIGNED PARTIES. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY RESPECT OR RELINQUISHED BY BANK OR BORROWER, EXCEPT BY A WRITTEN INSTRUMENT EXECUTED BY EACH OF THEM. 

 

	12.	REFERENCE PROVISION. 

 This Reference Provision will be applicable so long as, under applicable
law and precedent, a pre-dispute Jury Trial Waiver provision similar to that contained in the Loan Documents (as defined below) is invalid or unenforceable. Delay in requesting appointment of a referee pending review of any such decision, or
participation in litigation pending review, will not be deemed a waiver of this Reference Provision. 
 12.1 Mechanics. 

(a) Other than (i) nonjudicial foreclosure of security interests in real or personal property, (ii) the appointment of a receiver or
(iii) the exercise of other provisional remedies (any of which may be initiated pursuant to applicable law), any controversy, dispute or claim (each, a “Claim”) between the parties arising out of or relating to this Agreement or any
other document, instrument or agreement between the Bank and the undersigned (collectively in this Section, the “Loan Documents”), will be resolved by a reference proceeding in California in accordance with the provisions of
Section 638 et seq. of the California Code of Civil Procedure (“CCP”), or their successor sections, which shall constitute the exclusive remedy for the resolution of any Claim, including whether the Claim is subject to the reference
proceeding. Except as otherwise provided in the Loan Documents, venue for the reference proceeding will be in the Superior Court or Federal District Court in the County or District where venue is otherwise appropriate under applicable law (the
“Court”). 
 (b) The referee shall be a retired Judge or Justice selected by mutual written agreement of the parties. If the
parties do not agree, the referee shall be selected by the Presiding Judge of the Court (or his or her representative). A request for appointment of a referee may be heard on an ex parte or expedited basis, and the parties agree that irreparable
harm would result if ex parte relief is not granted. The referee shall be appointed to sit with all the powers provided by law. Each party shall have one peremptory challenge pursuant to CCP §170.6. Pending appointment of the referee, the Court
has power to issue temporary or provisional remedies. 

  
 23 

 (c) The parties agree that time is of the essence in conducting the reference proceedings.
Accordingly, the referee shall be requested to (a) set the matter for a status and trial-setting conference within fifteen (15) days after the date of selection of the referee, (b) if practicable, try all issues of law or fact within
ninety (90) days after the date of the conference and (c) report a statement of decision within twenty (20) days after the matter has been submitted for decision. Any decision rendered by the referee will be final, binding and
conclusive, and judgment shall be entered pursuant to CCP §644. 
 (d) The referee will have power to expand or limit the amount and
duration of discovery. The referee may set or extend discovery deadlines or cutoffs for good cause, including a party’s failure to provide requested discovery for any reason whatsoever. Unless otherwise ordered, no party shall be entitled to
“priority” in conducting discovery, depositions may be taken by either party upon seven (7) days written notice, and all other discovery shall be responded to within fifteen (15) days after service. All disputes relating to
discovery which cannot be resolved by the parties shall be submitted to the referee whose decision shall be final and binding. 
 12.2
Procedures. Except as expressly set forth in this Agreement, the referee shall determine the manner in which the reference proceeding is conducted including the time and place of hearings, the order of presentation of evidence, and all other
questions that arise with respect to the course of the reference proceeding. All proceedings and hearings conducted before the referee, except for trial, shall be conducted without a court reporter, except that when any party so requests, a court
reporter will be used at any hearing conducted before the referee, and the referee will be provided a courtesy copy of the transcript. The party making such a request shall have the obligation to arrange for and pay the court reporter. Subject to
the referee’s power to award costs to the prevailing party, the parties will equally share the cost of the referee and the court reporter at trial. 

12.3 Application of Law. The referee shall be required to determine all issues in accordance with existing case law and the statutory
laws of the State of California. The rules of evidence applicable to proceedings at law in the State of California will be applicable to the reference proceeding. The referee shall be empowered to enter equitable as well as legal relief, provide all
temporary or provisional remedies, enter equitable orders that will be binding on the parties and rule on any motion which would be authorized in a trial, including without limitation motions for summary judgment or summary adjudication. The referee
shall issue a decision at the close of the reference proceeding which disposes of all claims of the parties that are the subject of the reference. The referee’s decision shall be entered by the Court as a judgment or an order in the same manner
as if the action had been tried by the Court. The parties reserve the right to appeal from the final judgment or order or from any appealable decision or order entered by the referee. The parties reserve the right to findings of fact, conclusions of
laws, a written statement of decision, and the right to move for a new trial or a different judgment, which new trial, if granted, is also to be a reference proceeding under this provision. 

12.4 Repeal. If the enabling legislation which provides for appointment of a referee is repealed (and no successor statute is enacted),
any dispute between the parties that would otherwise be determined by reference procedure will be resolved and determined by arbitration. The arbitration will be conducted by a retired judge or Justice, in accordance with the California Arbitration
Act §1280 through §1294.2 of the CCP as amended from time to time. The limitations with respect to discovery set forth above shall apply to any such arbitration proceeding. 

12.5 THE PARTIES RECOGNIZE AND AGREE THAT ALL DISPUTES RESOLVED UNDER THIS REFERENCE PROVISION WILL BE DECIDED BY A REFEREE AND NOT BY A JURY,
AND THAT THEY ARE IN EFFECT WAIVING THEIR RIGHT TO TRIAL BY JURY IN AGREEING TO THIS REFERENCE PROVISION. AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR OWN CHOICE, EACH PARTY

  
 24 

 
KNOWINGLY AND VOLUNTARILY AND FOR THEIR MUTUAL BENEFIT AGREES THAT THIS REFERENCE PROVISION WILL APPLY TO ANY DISPUTE BETWEEN THEM WHICH ARISES OUT OF OR IS RELATED TO THIS AGREEMENT OR THE LOAN
DOCUMENTS. 
  

	13.	GENERAL PROVISIONS. 

 13.1 Successors and Assigns. This Agreement shall bind and inure to
the benefit of the respective successors and permitted assigns of each of the parties and shall bind all persons who become bound as a debtor to this Agreement; provided, however, that neither this Agreement nor any rights hereunder may be assigned
by a Borrower without Bank’s prior written consent, which consent may be granted or withheld in Bank’s sole discretion. Bank shall have the right without the consent of or notice to a Borrower to sell, transfer, negotiate, or grant
participation in all or any part of, or any interest in, Bank’s obligations, rights and benefits hereunder. 
 13.2
Indemnification. Borrowers shall defend, indemnify and hold harmless Bank and its officers, employees, and agents against: (a) all obligations, demands, claims, and liabilities claimed or asserted by any other party in connection with
the transactions contemplated by this Agreement; and (b) all losses or Bank Expenses in any way suffered, incurred, or paid by Bank, its officers, employees and agents as a result of or in any way arising out of, following, or consequential to
transactions between Bank and Borrowers whether under this Agreement, or otherwise (including without limitation reasonable attorneys fees and expenses), except for losses caused by Bank’s gross negligence or willful misconduct. 

13.3 Time of Essence. Time is of the essence for the performance of all obligations set forth in this Agreement. 

13.4 Severability of Provisions. Each provision of this Agreement shall be severable from every other provision of this Agreement for
the purpose of determining the legal enforceability of any specific provision. 
 13.5 Amendments in Writing, Integration. All
amendments to or terminations of this Agreement or the other Loan Documents must be in writing. All prior agreements, understandings, representations, warranties, and negotiations between the parties hereto with respect to the subject matter of this
Agreement and the other Loan Documents, if any, are merged into this Agreement and the Loan Documents. 
 13.6 Counterparts. This
Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one
and the same Agreement. 
 13.7 Survival. All covenants, representations and warranties made in this Agreement shall continue in full
force and effect so long as any Obligations remain outstanding or Bank has any obligation to make any Credit Extension to Borrowers. The obligations of Borrowers to indemnify Bank with respect to the expenses, damages, losses, costs and liabilities
described in Section 13.2 shall survive until all applicable statute of limitations periods with respect to actions that may be brought against Bank have run. 

13.8 Confidentiality. In handling any confidential information, Bank and all employees and agents of Bank shall exercise the same
degree of care that Bank exercises with respect to its own proprietary information of the same types to maintain the confidentiality of any non-public information thereby received or received pursuant to this Agreement except that disclosure of such
information may be made (i) to the subsidiaries or Affiliates of Bank in connection with their present or prospective 

  
 25 

 
business relations with Borrowers, (ii) to prospective transferees or purchasers of any interest in the Loans, provided that they have entered into a comparable confidentiality agreement in
favor of Borrowers and have delivered a copy to Borrowers, (iii) as required by law, regulations, rule or order, subpoena, judicial order or similar order, (iv) as may be required in connection with the examination, audit or similar
investigation of Bank and (v) as Bank may determine in connection with the enforcement of any remedies hereunder. Confidential information hereunder shall not include information that either: (a) is in the public domain or in the knowledge
or possession of Bank when disclosed to Bank, or becomes part of the public domain after disclosure to Bank through no fault of Bank; or (b) is disclosed to Bank by a third party, provided Bank does not have actual knowledge that such third
party is prohibited from disclosing such information. 
 13.9 Co-Borrower Provisions. Each Borrower agrees as follows 

(a) Primary Obligation. This Agreement is a primary and original obligation of each Borrower and shall remain in effect notwithstanding
future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank and any Borrower. Each Borrower shall be
liable for existing and future Obligations, as fully as if all of all Credit Extensions were advanced to such Borrower. For the avoidance of doubt, ProteinSimple Canada shall also be primarily liable for all Obligations arising under the Export
Revolving Line. Bank may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation Request for Advance Forms, Domestic Borrowing Base Certificates, Export
Borrowing Base Certificates and Compliance Certificates. 
 (b) Enforcement of Rights. Borrowers are jointly and severally liable for
the Obligations and Bank may proceed against one or more of the Borrowers to enforce the Obligations without waiving its right to proceed against any of the other Borrowers. 

(c) Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and
receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any
waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of Borrower. 

(d) Subrogation and Similar Rights. Notwithstanding any other provision of this Agreement or any other Loan Document, each Borrower
irrevocably waives all rights that it may have at law or in equity (including, without limitation, any law subrogating any Borrower to the rights of Bank under the Loan Documents) to seek contribution, indemnification, or any other form of
reimbursement from any other Borrower, or any other Person now or hereafter primarily or secondarily liable for any of the Obligations, for any payment made by either Borrower with respect to the Obligations in connection with the Loan Documents or
otherwise and all rights that it might have to benefit from, or to participate in, any security for the Obligations as a result of any payment made by either Borrower with respect to the Obligations in connection with the Loan Documents or
otherwise. Any agreement providing for indemnification, reimbursement or any other arrangement prohibited under this Section 13.9 shall be null and void. If any payment is made to a Borrower in contravention of this Section 13.9, such
Borrower shall hold such payment in trust for Bank and such payment shall be promptly delivered to Bank for application to the Obligations, whether matured or unmatured. 

(e) Waivers of Notice. Except as otherwise provided in this Agreement, each Borrower waives notice of acceptance hereof; notice of the
existence, creation or acquisition of any of the 

  
 26 

 
Obligations; notice of an Event of Default; notice of the amount of the Obligations outstanding at any time; notice of intent to accelerate; notice of acceleration; notice of any adverse change
in the financial condition of any other Borrower or of any other fact that might increase either Borrower’s risk; presentment for payment; demand; protest and notice thereof as to any instrument; default; and all other notices and demands to
which either Borrower would otherwise be entitled. Each Borrower waives any defense arising from any defense of any other Borrower, or by reason of the cessation from any cause whatsoever of the liability of any other Borrower. Bank’s failure
at any time to require strict performance by any Borrower of any provision of the Loan Documents shall not waive, alter or diminish any right of Bank thereafter to demand strict compliance and performance therewith. Nothing contained herein shall
prevent Bank from foreclosing on the Lien of any deed of trust, mortgage or other security instrument, or exercising any rights available thereunder, and the exercise of any such rights shall not constitute a legal or equitable discharge of any
Borrower. Each Borrower also waives any defense arising from any act or omission of Bank that changes the scope of each Borrower’s risks hereunder. 

(f) Subrogation Defenses. Each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other rights
against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899, and 3433 and California Code of Civil Procedure Sections 580a,
580b, 580d and 726, as those statutory provisions are now in effect and hereafter amended, and under any other similar statutes now and hereafter in effect. 

(g) Right to Settle, Release. 

(i) The liability of Borrowers hereunder shall not be diminished by (i) any agreement, understanding or representation
that any of the Obligations is or was to be guaranteed by another Person or secured by other property, or (ii) any release or unenforceability, whether partial or total, of rights, if any, which Bank may now or hereafter have against any other
Person, including another Borrower, or property with respect to any of the Obligations. 
 (ii) Without affecting the
liability of any Borrower hereunder, Bank may, with the consent of any one (1) Borrower, which consent shall not be unreasonably withheld (i) compromise, settle, renew, extend the time for payment, change the manner or terms of payment,
discharge the performance of, decline to enforce, or release all or any of the Obligations with respect to a Borrower, (ii) grant other indulgences to a Borrower in respect of the Obligations, (iii) modify in any manner any documents
relating to the Obligations with respect to a Borrower, (iv) release, surrender or exchange any deposits or other property securing the Obligations, whether pledged by a Borrower or any other Person; provided that Bank may release any property
securing the Obligations if in Bank’s reasonable opinion the potential liabilities associated therewith exceed any collateral benefit to Bank, or (v) compromise, settle, renew, or extend the time for payment, discharge the performance of,
decline to enforce, or release all or any obligations of any guarantor, endorser or other Person who is now or may hereafter be liable with respect to any of the Obligations. 

(h) Subordination. All indebtedness of a Borrower now or hereafter arising held by another Borrower is subordinated to the Obligations
and the Borrower holding the indebtedness shall take all actions reasonably requested by Lender to effect, to enforce and to give notice of such subordination. 

  
 27 

 13.10 Multinational Provisions. 

(a) Judgment Currency. If for the purpose of obtaining judgment in any court it is necessary to convert any amount owing or payable to
Bank under this Agreement or any note executed by a Borrower from the currency in which it is due (the “Agreed Currency”) into a particular currency (the “Judgment Currency”), the rate of exchange applied in that conversion shall
be that at which Bank, in accordance with its normal procedures, could purchase the Agreed Currency with the Judgment Currency at or about noon on the Business Day immediately preceding the date on which judgment is given. The obligation of
Borrowers and any guarantor in respect of any amount owing or payable under this Agreement to Bank in the Agreed Currency shall, notwithstanding any judgment and payment in the Judgment Currency, be satisfied only to the extent that Bank, in
accordance with its normal procedures, could purchase the Agreed Currency with the amount of the Judgment Currency so paid at or about noon on the next Business Day following that payment; and if the amount of the Agreed Currency which Bank could so
purchase is less than the amount originally due in the Agreed Currency shall, as a separate obligation and notwithstanding the judgment or payment, indemnify Bank against any loss. 

(b) Withholding Tax Indemnification. 

(i) Payments. If, any payments to be made by or on behalf of any Borrower under or with respect to this Agreement or any
other Loan Document are subject to any deduction or withholding for, or on account of, any present or future Taxes the following shall apply: (a) the amount payable shall be increased as may be necessary so that, after making all required
deductions or withholdings (including deductions and withholdings applicable to, and taking into account all Taxes on, or arising by reason of the payment of, additional amounts under this Section 13.10), Bank receives and retains an amount
equal to the amount that it would have received had no such deductions or withholdings been required, (b) Borrowers shall make such deductions or withholdings, and (c) the Borrowers shall remit the full amount deducted or withheld to the
relevant taxing authority in accordance with applicable laws. Notwithstanding the foregoing, Borrowers shall not be required to pay additional amounts in respect of Excluded Taxes (as defined in subsection (d) below). 

(ii) Indemnity. Borrowers shall indemnify Bank for the full amount of any Taxes (other than Excluded Taxes but including
any applicable withholding taxes) imposed by any jurisdiction on amounts payable by either Borrower under this Agreement or any other Loan Document and paid by Bank and any liability (including penalties, interest and reasonable expenses) arising
therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted. The indemnifications contained in this Section 2.6 shall be made within 30 days after the date Bank makes written demand therefor. 

(iii) Evidence of payment. Within thirty (30) days after the date of any payment of Taxes by a Borrower, such
Borrower shall furnish to Bank the original or a certified copy of a receipt evidencing payment by such Borrower of any Taxes with respect to any amount payable to Bank hereunder. 

(iv) Excluded Taxes. “Excluded Taxes” shall mean, in relation to Bank, any Taxes imposed on the net income or
capital of Bank by any Governmental Authority as a result of Bank (i) carrying on a trade or business or having a permanent establishment in any jurisdiction or political subdivision thereof, (ii) being organized under the laws of such
jurisdiction or any political subdivision thereof, or (iii) being or being deemed to be resident in such jurisdiction or political subdivision thereof. 

  
 28 

 (v) Survival. Each of Borrower’s obligations under this
Section 13.10 shall survive the termination of this Agreement and the payment of all amounts payable under or with respect to this Agreement. 

[Signature Page to Follow] 

  
 29 

 Signature Page To First Amended And Restated Loan And Security Agreement 

IN WITNESS WHEREOF, the parties hereto have caused this First Amended and Restated Loan and Security Agreement to be executed as of the date
first above written. 
  

			
	PROTEINSIMPLE
		
	By:	 	 /s/ Jason Novi

		
	Title:	 	 CFO

	
	PROTEINSIMPLE LTD.
		
	By:	 	 /s/ Jason Novi

		
	Title:	 	 CFO

	
	COMERICA BANK
		
	By:	 	 /s/ Kim Crosslin

		 	Kim Crosslin
	Title:	 	Vice President

  
 30 

 EXHIBIT A 

DEFINITIONS 

“Accounts” means all presently existing and hereafter arising accounts, contract rights, payment intangibles and all other forms of
obligations owing to a Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by a Borrower and any and all credit insurance, guaranties, and
other security therefor, as well as all merchandise returned to or reclaimed by a Borrower and Borrowers’ Books relating to any of the foregoing. 

“Advance” or “Advances” means a cash advance or cash advances under the Domestic Revolving Line or the Export Revolving
Line. 
 “Affiliate” means, with respect to any Person, any Person that owns or controls directly or indirectly such Person, any
Person that controls or is controlled by or is under common control with such Person, and each of such Person’s senior executive officers, directors, and partners. 

“Bank Expenses” means all reasonable costs or expenses (including reasonable attorneys’ fees and expenses, whether generated
in-house or by outside counsel) incurred in connection with the preparation, negotiation, administration, and enforcement of the Loan Documents; reasonable Collateral audit fees; and Bank’s reasonable attorneys’ fees and expenses (whether
generated in-house or by outside counsel) incurred in amending, enforcing or defending the Loan Documents (including fees and expenses of appeal), incurred before, during and after an Insolvency Proceeding, whether or not suit is brought. 

“BIA” means Bankruptcy and Insolvency Act (Canada), as amended, and any successor thereto, and any regulations promulgated
thereunder, as in effect from time to time. 
 “Borrower Agreement” shall mean the Borrower Agreement among ProteinSimple and Bank
dated as of January 26, 2012, as supplemented by the Economic Impact Certification delivered with it, and any Ex-Im Bank waivers. 

“Borrower State” means Delaware, the state under whose laws ProteinSimple is organized. 

“Borrowers’ Books” means all of Borrowers’ books and records including: ledgers; records concerning Borrowers’ assets
or liabilities, the Collateral, business operations or financial condition; and all computer programs, or tape files, and the equipment, containing such information. 

“Business Day” means any day that is not a Saturday, Sunday, or other day on which banks in the State of California are authorized
or required to close. 
 “Buyer” shall mean a Person that has entered into one or more Export Orders with ProteinSimple or who is
an obligor on an Eligible Export Account. 
 “Canadian Anti-Terrorism Laws” means the anti-terrorist provisions of the
Criminal Code (Canada), the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), the United Nations Suppression of Terrorism Regulations and the Anti-terrorism Act (Canada) and all regulations and orders
made thereunder. 

  
 Exhibit A, Page 1 

 “Canadian Benefit Plans” means all material employee benefit plans or arrangements
maintained or contributed to by ProteinSimple Canada that are not Canadian Pension Plans, including all profit sharing, savings, supplemental retirement, retiring allowance, severance, pension, deferred compensation, welfare, bonus, incentive
compensation, phantom stock, legal services, supplementary unemployment benefit plans or arrangements and all life, health, dental and disability plan and arrangements in which the employees or former employees of ProteinSimple Canada participate or
are eligible to participate but excluding all stock option or stock purchase plans. 
 “Canadian Pension Plans” means all plans
and arrangements which are considered to be pension plans for the purposes of any applicable pension benefits standard statute and/or regulation in Canada established, maintained or contributed to by ProteinSimple Canada for its employees or former
employees. 
 “Capital Stock” shall mean (i) in the case of any corporation, all capital stock and any securities
exchangeable for or convertible into capital stock, (ii) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents of corporate stock (however designated) in or to such
association or entity, (iii) in the case of a partnership or limited liability company, partnership or membership interests (whether general or limited) and (iv) any other interest or participation that confers on a Person the right to
receive a share of the profits and losses of, or distribution of assets of, the issuing Person, and including, in all of the foregoing cases described in clauses (i), (ii), (iii) or (iv), any warrants, rights or other options to purchase or
otherwise acquire any of the interests described in any of the foregoing cases. 
 “Cash” means unrestricted cash and cash
equivalents. 
 “Change in Control” shall mean with respect to any entity formed under the laws of any political subdivision of
the United States, a transaction in which any “person” or “group” (within the meaning of Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934) becomes the “beneficial owner” (as defined in Rule 13d-3
under the Securities Exchange Act of 1934), directly or indirectly, of a sufficient number of shares of all classes of stock then outstanding of Borrower ordinarily entitled to vote in the election of directors, empowering such “person” or
“group” to elect a majority of the Board of Directors of Borrower, who did not have such power before such transaction, and with respect to any other entity, a comparable transaction effected pursuant to the laws of its jurisdiction of
formation. 
 “Chief Executive Office State” means California, where ProteinSimple’s chief executive office is located. 

“Code” means the California Uniform Commercial Code as amended or supplemented from time to time. 

“Closing Date” means the date of this Agreement. 

“Collateral” means the property described on Exhibit B attached hereto and all Negotiable Collateral to the extent not
described on Exhibit B, except to the extent any such property (i) is nonassignable by its terms without the consent of the licensor thereof or another party (but only to the extent such prohibition on transfer is enforceable under
applicable law, including, without limitation, Sections 9406 and 9408 of the Code), (ii) the granting of a security interest therein is contrary to applicable law, provided that upon the cessation of any such restriction or prohibition, such
property shall automatically become part of the Collateral or (iii) constitutes the capital stock of a controlled foreign corporation (as defined in the IRC), in excess of 65% of the voting power of all classes of capital stock of such
controlled foreign corporations entitled to vote. 

  
 Exhibit A, Page 2 

 “Collateral Information Certificate” means a certificate setting forth all collateral,
in form and content satisfactory to Bank. 
 “Collateral State” means the state or provinces where the Collateral is located,
which is California as to property of ProteinSimple, and Ontario as to the property of ProteinSimple Canada. 
 “Collection
Account” shall mean that account established pursuant to Section 2.6 of this Agreement and as defined therein. 
 “Contingent
Obligation” means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of that Person with respect to (i) any indebtedness, lease, dividend, letter of credit or other obligation of another, including,
without limitation, any such obligation directly or indirectly guaranteed, endorsed, co-made or discounted or sold with recourse by that Person, or in respect of which that Person is otherwise directly or indirectly liable; (ii) any obligations
with respect to undrawn letters of credit, corporate credit cards or merchant services issued for the account of that Person; and (iii) all obligations arising under any interest rate, currency or commodity swap agreement, interest rate cap
agreement, interest rate collar agreement, or other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices; provided, however, that the term “Contingent
Obligation” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determined amount of the primary obligation
in respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by such Person in good faith; provided, however, that such amount shall not in
any event exceed the maximum amount of the obligations under the guarantee or other support arrangement. 
 “Copyrights” means any
and all copyright rights, copyright applications, copyright registrations and like protections in each work or authorship and derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret, now
or hereafter existing, created, acquired or held. 
 “Credit Card Services Sublimit” means a sublimit for corporate credit cards
and e-commerce or merchant account services under the Domestic Revolving Line not to exceed $500,000. 
 “Credit Extension” means
each Advance, or any other extension of credit by Bank to or for the benefit of a Borrower hereunder. 
 “Current Liabilities”
means, as of any applicable date, all amounts that should, in accordance with GAAP, be included as current liabilities on the consolidated balance sheet of Borrowers and its Subsidiaries, as at such date, plus, to the extent not already included
therein, undrawn Letters of Credit and Borrowers’ maximum potential obligations under the Credit Card Services Sublimit, if any. 

“Deferred Maintenance Contract Revenue” means all amounts received in advance of performance under maintenance contracts and not yet
recognized as revenue. 
 “Domestic Borrowing Base” means an amount equal to 80% of Eligible Domestic Accounts less Priority
Payables, as determined by Bank with reference to the most recent Domestic Borrowing Base Certificate delivered by Borrowers. Bank shall convert the amount of any Eligible Domestic Account outstanding in Canadian Dollars to the Equivalent Amount in
U.S. Dollars for the purpose of calculating the Domestic Borrowing Base. 

  
 Exhibit A, Page 3 

 “Domestic Borrowing Base Certificate” shall mean the Certificate in the form of Exhibit
E hereto. 
 “Domestic Revolving Line” means a Credit Extension to Borrowers of up to $6,500,000 (inclusive of any amounts
outstanding under the Letter of Credit Sublimit and the Credit Card Services Sublimit). 
 “Domestic Subsidiary” means any
Subsidiary of a Borrower or Parent organized under the laws of any political subdivision of the United States or Canada. 
 “Eligible
Accounts” means the Eligible Domestic Accounts and the Eligible Export Accounts. 
 “Eligible Domestic Accounts” means those
Accounts that arise in the ordinary course of Borrowers’ business that comply with all of Borrowers’ representations and warranties to Bank set forth in Section 5.3; provided, that Bank may reasonably change the standards of
eligibility by giving Borrowers 30 days prior written notice. Unless otherwise agreed to by Bank, Eligible Domestic Accounts shall not include the following: 

(a) Accounts that the account debtor has failed to pay in full within 90 days of invoice date; 

(b) Credit balances over 90 days from invoice date; 

(c) Accounts with respect to an account debtor, 25% of whose Accounts the account debtor has failed to pay within 90 days of invoice date;

 (d) Accounts with respect to an account debtor, including Subsidiaries and Affiliates, whose total obligations to Borrowers exceed 25% of
all Accounts, to the extent such obligations exceed the aforementioned percentage, except as approved in writing by Bank; 
 (e) Accounts
with respect to which the account debtor does not have its principal place of business in the United States or Canada, except for Eligible Foreign Accounts; 

(f) Accounts with respect to which the account debtor is the United States or Canada or any department, agency, or instrumentality of the
United States or Canada, except for (i) Accounts of the United States if the payee has assigned its payment rights to Bank and the assignment has been acknowledged under the Assignment of Claims Act of 1940 (31 U.S.C. 3727); and
(ii) Accounts of Canada if the payee has assigned its payment rights to Bank and all steps have been take to comply with the Financial Administration Act (Canada), as amended; 

(g) Offset, inter-company, contra and other Accounts with respect to which a Borrower is liable to the account debtor for goods sold or
services rendered by the account debtor to such Borrower, other than non-refundable deposits or Deferred Maintenance Contract Revenue, but only to the extent of any amounts owing to the account debtor against amounts owed to such Borrower; 

(h) Accounts with respect to which goods are placed on consignment, guaranteed sale, sale or return, sale on approval, bill and hold, demo or
promotional, or other terms by reason of which the payment by the account debtor may be conditional; 
 (i) Accounts with respect to which
the account debtor is an officer, employee, agent or Affiliate of either Borrower; 

  
 Exhibit A, Page 4 

 (j) pre-billed Accounts or Accounts that have not yet been billed to the account debtor or that
relate to deposits (such as good faith deposits) or other property of the account debtor held by either Borrower or accounts related to the performance of services or delivery of goods which either Borrower has not yet performed or delivered,
including unfulfilled maintenance contracts; 
 (k) Accounts with respect to which the account debtor disputes liability or makes any claim
with respect thereto as to which Bank believes, in its sole discretion, that there may be a basis for dispute (but only to the extent of the amount subject to such dispute or claim), or is subject to any Insolvency Proceeding, or becomes insolvent,
or goes out of business; 
 (l) Accounts the collection of which Bank reasonably determines after inquiry and consultation with either
Borrower to be doubtful; 
 (m) Accounts payable to an Affiliate of either Borrower; 

(n) Retentions and hold-backs; and 

(o) Accounts which qualify as Eligible Export Accounts. 

“Eligible Export Accounts” shall mean and include, Accounts of ProteinSimple that qualify as “Eligible Export-Related Accounts
Receivable,” as such term is defined in the Ex-Im Documents, provided, that Bank may change the standards of eligibility based on the results of Collateral audits by giving Borrowers thirty (30) days prior written notice, and provided
further that notwithstanding anything to the contrary in the Borrower Agreement, including but not limited to Section 1.01: “Eligible Export-Related Accounts Receivable” of the Borrower Agreement, shall not include any account
receivable: 
 (a) with an invoice that is due and payable more than 90 days from the date of the invoice; 

(b) that is not paid within 60 days of its original invoice due date; 

(c) with credit balances over 90 days past due; 

(d) which are foreign government accounts; 

(e) Offset, inter-company, contra and other Accounts with respect to which ProteinSimple is liable to the account debtor for goods sold or
services rendered by the account debtor to ProteinSimple, other than non-refundable deposits or Deferred Maintenance Contract Revenue, but only to the extent of any amounts owing to the account debtor against amounts owed to ProteinSimple; 

(f) for which the payment is not directed to a Lockbox or Collection Account per the terms of Section 2.6 of this Agreement; 

(g) pre-billed Accounts or accounts that have not yet been billed to the account debtor or that relate to deposits (other than non-refundable
deposits), or other property of the account debtor held by ProteinSimple for the performance of services or delivery of goods which ProteinSimple has not yet performed or delivered; 

(h) Accounts with respect to which the account debtor disputes liability or makes any claim with respect thereto as to which Bank believes, in
its sole discretion, that there may be a basis for dispute (but only to the extent of the amount subject to such dispute or claim), or is subject to any Insolvency Proceeding, or becomes insolvent, or goes out of business; 

  
 Exhibit A, Page 5 

 (i) Accounts the collection of which Bank reasonably determines after inquiry and consultation
with ProteinSimple to be doubtful; 
 (j) Accounts with respect to which the account debtor is an officer, employee, agent or Affiliate of
ProteinSimple; 
 (k) any portion of an Account that is subject to any retentions and hold-backs; 

(l) Accounts with respect to a Buyer, including Subsidiaries and Affiliates for whom 50% or more of its Accounts Receivable are past due more
than 90 days from the invoice due date shall be considered Eligible Export-Related Accounts Receivable; and 
 (m) Accounts with respect to
an account debtor, including Subsidiaries and Affiliates, whose total obligations to ProteinSimple exceed twenty-five percent (25%) of all Accounts, to the extent such obligations exceed the aforementioned percentage, except as approved in
writing by Bank. 
 “Eligible Foreign Accounts” means Accounts with respect to which the account debtor does not have its
principal place of business in the United States or Canada (“Foreign Accounts”) and that are (i) supported by foreign credit insurance acceptable to the Bank or one or more letters of credit in an amount and of a tenor, and issued by
a financial institution, acceptable to Bank, or (ii) approved by Bank on a case-by-case basis. Bank hereby agrees that up to $750,000 of Foreign Accounts of ProteinSimple Canada shall be deemed Eligible Foreign Accounts. All Eligible Foreign
Accounts must be calculated in U.S. Dollars. 
 “Environmental Laws” means all laws, rules, regulations, orders and the like
issued by any federal, state, provincial, local, foreign or other governmental or quasi-governmental authority or any agency pertaining to the environment or to any hazardous materials or wastes, toxic substances, flammable, explosive or radioactive
materials, asbestos or other similar materials. 
 “Equipment” means all present and future machinery, equipment, tenant
improvements, furniture, fixtures, vehicles, office equipment, tools, parts and attachments in which a Borrower has any interest. 

“Equivalent Amount” means, on any date of determination, with respect to obligations or valuations denominated in one currency (the
“first currency”), the amount of another currency (the “second currency”) which would result from the conversion of the relevant amount of the first currency into the second currency at the 12:00 noon rate quoted on the Reuters
Monitor Screen (Page BOFC or such other Page as may replace such Page for the purpose of displacing such exchange rates) on such date or, if such date is not a Business Day, on the Business Day immediately preceding such date of determination, or at
such other rate as may have been agreed in writing between Borrowers and Bank. 
 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended, and the regulations thereunder. 
 “Event of Default” has the meaning assigned in Article 8.

 “Ex-Im Bank” shall mean the Export-Import Bank of the United States. 

“Ex-Im Documents” shall mean the Borrower Agreement, the Loan Authorization Notice and the Master Guarantee Agreement and all
modifications, supplements, documents and agreements related to any of the foregoing. 

  
 Exhibit A, Page 6 

 “Export Borrowing Base” means “as of any date of determination thereof, an amount
equal to the sum of (i) eighty percent (80%) of Eligible Export Accounts which are payable in US Dollars; provided that the Ex-Im Borrowing Base shall be determined on the basis of the most current Export Borrowing Base Certificate
required or permitted to be submitted hereunder; and, provided further that (i) the advance percentages hereunder shall be subject to any Ex-Im Bank waiver letter, and (ii) Bank may change the aforementioned advance percentages based on
the results of Collateral audits by giving ProteinSimple thirty (30) days prior written notice of such change. 
 “Export
Borrowing Base Certificate” shall mean the Certificate in the form of Exhibit F hereto. 
 “Export Order” shall mean a
documented purchase order or contract evidencing a Buyer’s agreement to purchase Items from ProteinSimple for export from the United States, which documentation shall include written information that is necessary to confirm such purchase order
or contract, including identification of the Items, the name of the Buyer, the country of destination, contact information for the Buyer and the total amount of the purchase order or contract; in the case of Indirect Exports, such documentation
shall further include a copy of the written purchase order or contract from a foreign purchaser or other documentation clearly evidencing a foreign purchasers’ agreement to purchase the Items. 

“Export Revolving Line” means the $2,500,000 line of credit from Bank to ProteinSimple guaranteed by the Ex-Im Bank of the United
States. 
 “GAAP” means generally accepted accounting principles, consistently applied, as in effect from time to time. 

“Governmental Authority” means the Government of Canada, the United States of America, any other nation or any political subdivision
thereof, whether provincial, state, territorial or local, and any agency, authority, instrumentality, regulatory body, court, central bank, fiscal or monetary authority or other authority regulating financial institutions, and any other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, including the Bank Committee on Banking Regulation and Supervisory Practices of the Bank of International
Settlements. 
 “Indebtedness” means (a) all indebtedness for borrowed money or the deferred purchase price of property or
services, including without limitation reimbursement and other obligations with respect to surety bonds and letters of credit, (b) all obligations evidenced by notes, bonds, debentures or similar instruments, (c) all capital lease
obligations, (d) all Contingent Obligations, and (e) all obligations arising under the Credit Card Services Sublimit. 

“Indirect Exports” shall mean finished goods or services that are sold by ProteinSimple to a Buyer located in the United States, are
intended for export from the United States and are identified in Section 4.A.(2.) of the Loan Authorization Notice. 
 “Insolvency
Proceeding” shall mean and includes any proceeding or case commenced by or against a Borrower, or any guarantor of Borrowers’ Indebtedness, or any of either Borrower’s account debtors, under any provisions of the United States
Bankruptcy Code as amended, the BIA, the Winding-up and Restructuring Act (Canada), the Companies’ Creditors Arrangement Act (Canada), or other similar federal, state or provincial legislation, or any other bankruptcy or insolvency law,
including, but not limited to assignments for the benefit of creditors, formal or informal moratoriums, composition or extensions with some or all creditors, any proceeding seeking a reorganization, arrangement or any other relief under the United
States Bankruptcy Code, as amended, or the BIA, as applicable, or any other bankruptcy or insolvency law. 

  
 Exhibit A, Page 7 

 “Intellectual Property” means all of Borrowers’ right, title, and interest in and
to the following: 
 (a) Copyrights, Trademarks and Patents; 

(b) Any and all trade secrets, and any and all intellectual property rights in computer software and computer software products now or
hereafter existing, created, acquired or held; 
 (c) Any and all design rights which may be available to either Borrower now or hereafter
existing, created, acquired or held; 
 (d) Any and all claims for damages by way of past, present and future infringement of any of the
rights included above, with the right, but not the obligation, to sue for and collect such damages for said use or infringement of the intellectual property rights identified above; 

(e) All licenses or other rights to use any of the Copyrights, Patents or Trademarks, and all license fees and royalties arising from such use
to the extent permitted by such license or rights; 
 (f) All amendments, renewals and extensions of any of the Copyrights, Trademarks or
Patents; and 
 (g) All proceeds and products of the foregoing, including without limitation all payments under insurance or any indemnity
or warranty payable in respect of any of the foregoing. 
 “Inventory” means all present and future inventory in which a Borrower
has any interest. 
 “Investment” means any beneficial ownership of (including stock, partnership or limited liability company
interest or other securities) any Person, or any loan, advance or capital contribution to any Person. 
 “IRC” means the Internal
Revenue Code of 1986, as amended, and the regulations thereunder. 
 “ITA” means the Income Tax Act (Canada), as amended, and any
successor thereto, and any regulations promulgated thereunder, as in effect from time to time. 
 “Items” shall mean the Inventory
intended for export from the United States, either directly or as an Indirect Export, meet the U.S. Content requirements in accordance with Section 2.01(b)(ii) of the Borrower Agreement and are specified in Section 4.A. of the Loan
Authorization Notice. 
 “Letter of Credit” means a commercial or standby letter of credit or similar undertaking issued by Bank
at Borrowers’ request in accordance with Section 2.1(b)(iii). 
 “Letter of Credit Sublimit” means a sublimit for
Letters of Credit under the Domestic Revolving Line not to exceed $1,000,000. 
 “Lien” means any mortgage, lien, deed of trust,
charge, pledge, security interest or other encumbrance. 

  
 Exhibit A, Page 8 

 “Loan Authorization Notice” shall mean the Loan Authorization Notice between Comerica
Bank and Ex-Im Bank. 
 “Loan Documents” means, collectively, this Agreement, any note or notes executed by Borrowers, and any
other document, instrument or agreement entered into in connection with this Agreement, all as amended or extended from time to time. 

“Master Guarantee Agreement” shall mean the Master Guarantee Agreement dated as of November 1, 2005 between Ex-Im Bank and
Comerica Bank. 
 “Material Adverse Effect” means a material adverse effect on (i) the business operations, condition
(financial or otherwise) or prospects of Borrowers and their Subsidiaries taken as a whole, (ii) the ability of Borrowers to repay the Obligations or otherwise perform their obligations under the Loan Documents, (iii) Borrowers’
interest in, or the value, perfection or priority of Bank’s security interest in the Collateral. 
 “Negotiable Collateral”
means all of Borrowers’ present and future letters of credit of which it is a beneficiary, drafts, instruments (including promissory notes), securities, documents of title, and chattel paper, and Borrowers’ Books relating to any of the
foregoing. 
 “Obligations” means all debt, principal, interest, Bank Expenses and other amounts owed to Bank by Borrowers
pursuant to this Agreement or any other agreement, whether absolute or contingent, due or to become due, now existing or hereafter arising, including any interest that accrues after the commencement of an Insolvency Proceeding and including any
debt, liability, or obligation owing from either Borrower to others that Bank may have obtained by assignment or otherwise. Notwithstanding anything to the contrary contained herein, the term “Obligations” shall not include obligations of
Borrowers under any Warrant or any agreements or documents executed solely in connection with any such Warrant. 
 “Patents” means
all patents, patent applications and like protections including without limitation improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same. 

“Periodic Payments” means all installments or similar recurring payments that either Borrower may now or hereafter become obligated
to pay to Bank pursuant to the terms and provisions of any instrument, or agreement now or hereafter in existence between a Borrower and Bank. 

“Permitted Indebtedness” means: 

(a) Indebtedness of Borrowers in favor of Bank arising under this Agreement or any other Loan Document; 

(b) Indebtedness existing on the Closing Date and disclosed in the Schedule attached here to as Exhibit H; 

(c) Indebtedness not to exceed $250,000 in the aggregate in any fiscal year of Borrowers secured by a lien described in clause (c) of the
defined term “Permitted Liens,” provided such Indebtedness does not exceed the lesser of the cost or fair market value of the equipment financed with such Indebtedness; 

(d) Subordinated Debt; 

  
 Exhibit A, Page 9 

 (e) Indebtedness to trade creditors incurred in the ordinary course of business; and 

(f) Extensions, refinancings and renewals of any items of Permitted Indebtedness, provided that the principal amount is not increased or the
terms modified to impose more burdensome terms upon either Borrower or its Subsidiary, as the case may be. 
 “Permitted
Investment” means: 
 (a) Investments existing on the Closing Date disclosed in the Schedule attached here to as Exhibit H;

 (b) Marketable direct obligations issued or unconditionally guaranteed by the United States of America or any agency or any State thereof
maturing within one year from the date of acquisition thereof, (ii) commercial paper maturing no more than one year from the date of creation thereof and currently having rating of at least A-2 or P-2 from either Standard & Poor’s
Corporation or Moody’s Investors Service, (iii) Bank’s certificates of deposit maturing no more than one year from the date of investment therein, and (iv) Bank’s money market accounts; 

(c) Repurchases of stock from former employees or directors of a Borrower under the terms of applicable repurchase agreements (i) in an
aggregate amount not to exceed $100,000 in any fiscal year, provided that no Event of Default has occurred, is continuing or would exist after giving effect to the repurchases, or (ii) in any amount where the consideration for the repurchase is
the cancellation of indebtedness owed by such former employees to a Borrower regardless of whether an Event of Default exists; 
 (d)
Investments accepted in connection with Permitted Transfers; 
 (e) Investments of Subsidiaries in or to other Subsidiaries or a Borrower
and Investments by a Borrower in Subsidiaries not to exceed $500,000 in the aggregate in any fiscal year; 
 (f) Investments not to exceed
$100,000 in the aggregate in any fiscal year consisting of (i) travel advances and employee relocation loans and other employee loans and advances in the ordinary course of business, and (ii) loans to employees, officers or directors
relating to the purchase of equity securities of a Borrower or its Subsidiaries pursuant to employee stock purchase plan agreements approved by a Borrower’s Board of Directors; 

(g) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in
settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of Borrowers’ business; 

(h) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not
Affiliates, in the ordinary course of business, provided that this subparagraph (h) shall not apply to Investments of a Borrower in any Subsidiary; and 

(i) Joint ventures or strategic alliances in the ordinary course of a Borrower’s business consisting of the non-exclusive licensing of
technology, the development of technology or the providing of technical support, provided that any cash Investments by Borrowers do not exceed $250,000 in the aggregate in any fiscal year. 

(j) investments in obligations issued by the Government of Canada or the United States of America, or an instrumentality or agency of either
such country, maturing within 365 days of the date of acquisition of such obligation, and guaranteed fully as to principal, premium, if any, and interest by the Government of Canada or the United States of America; 

  
 Exhibit A, Page 10 

 (k) investments in certificates of deposits issued or acceptances accepted by or guaranteed by
any bank to which the Bank Act (Canada) applies or by any company licensed to carry on the business of a trust company in one or more provinces of Canada or by the bank or trust company organized under the laws of the United States or any
state thereof or the District of Columbia having combined capital and surplus of not less than $100,000,000, maturing within 365 days of the date of purchase; and 

(l) investments in commercial paper given the highest rating by two established national credit rating agencies in Canada or the United States
and maturing not more than 90 days from the date of acquisition thereof. 
 “Permitted Liens” means the following: 

(a) Any Liens existing on the Closing Date and disclosed in the Schedule attached here to as Exhibit H (excluding Liens to be
satisfied with the proceeds of the Advances) or arising under this Agreement or the other Loan Documents; 
 (b) Liens for taxes, fees,
assessments or other governmental charges or levies, either not delinquent or being contested in good faith by appropriate proceedings and for which Borrowers maintain adequate reserves, provided the same have no priority over any of Bank’s
security interests; 
 (c) Liens not to exceed $250,000 in the aggregate (i) upon or in any Equipment acquired or held by a Borrower or
any of its Subsidiaries to secure the purchase price of such Equipment or indebtedness incurred solely for the purpose of financing the acquisition or lease of such Equipment, or (ii) existing on such Equipment at the time of its acquisition,
provided that the Lien is confined solely to the property so acquired and improvements thereon, and the proceeds of such Equipment; 
 (d)
Liens incurred in connection with the extension, renewal or refinancing of the indebtedness secured by Liens of the type described in clauses (a) through (e) above, provided that any extension, renewal or replacement Lien shall be limited
to the property encumbered by the existing Lien and the principal amount of the indebtedness being extended, renewed or refinanced does not increase; and 

(e) Liens arising from judgments, decrees or attachments in circumstances not constituting an Event of Default under Sections 8.5 or 8.9.

 “Permitted Transfer” means the conveyance, sale, lease, transfer or disposition by a Borrower or any Subsidiary of: 

(a) Inventory in the ordinary course of business; 

(b) licenses and similar arrangements for the use of the property of a Borrower or its Subsidiaries in the ordinary course of business; 

(c) worn-out or obsolete Equipment; 

(d) other assets of a Borrower or its Subsidiaries that do not in the aggregate exceed $250,000 during any fiscal year; or 

  
 Exhibit A, Page 11 

 (e) any asset of a Borrower to the other Borrower. 

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

“PPSA” means the Personal Property Security Act (Ontario) as amended, and any successor thereto, and any regulations promulgated
thereunder, as in effect from time to time. 
 “Prime Rate” means the per annum interest rate established by Bank as its prime
rate for its borrowers, as such rate may vary from time to time, which rate is not necessarily the lowest rate on loans made by Bank at any such time. 

“Priority Payables” means, at any time, the full amount of liabilities of ProteinSimple Canada at such time which have a trust
imposed to provide for payment or security interest, lien or charge ranking or capable of ranking senior to or pari passu with the liens of Bank against the Collateral (as defined in the GSA and in this Agreement, as applicable) of ProteinSimple
Canada (excepting from the foregoing, however, any purchase money financing liens which may be expressly permitted under this Agreement) under federal, provincial, state, county, municipal or local law including, but not limited to, claims for
unremitted and/or accelerated rents, taxes, wages, workers’ compensation obligations, health insurance premiums, vacation pay, governmental royalties or pension fund obligations, together with the aggregate value, determined in accordance with
GAAP, of all inventory which Bank reasonably considers may be or may become subject to a right of a supplier to recover possession thereof under any federal or provincial law, where such supplier’s right may have priority over the security
interests of Bank in the Collateral (as defined in the GSA and in this Agreement, as applicable), including, without limitation, inventory subject to a right of a supplier to repossess goods pursuant to Section 81.1 of the BIA. 

“Responsible Officer” means each of the Chief Executive Officer, the Chief Operating Officer, the Chief Financial Officer and the
Controller of each Borrower. 
 “Revolving Maturity Date” means March 1, 2014. 

“Rolling Revenues” means gross revenues of Borrowers for the current month plus the two previous months. 

“Schedule” means the schedule of exceptions in the form of Exhibit H attached hereto and approved by Bank, if any. 

“SOS Reports” means the official reports from the Secretaries of State of each Collateral State, Chief Executive Office State and
the Borrower State and other applicable federal, provincial, state or local government offices identifying all current security interests filed in the Collateral and Liens of record as of the date of such report. 

“Subordinated Debt” means any debt incurred by a Borrower that is subordinated in writing to the debt owing by Borrowers to Bank on
terms reasonably acceptable to Bank (and identified as being such by Borrowers and Bank). 
 “Subsidiary” means any corporation,
partnership or limited liability company or joint venture in which (i) any general partnership interest or (ii) more than 50% of the stock, limited liability company interest or joint venture of which by the terms thereof ordinary voting
power to elect the Board of Directors, managers or trustees of the entity, at the time as of which any determination is being made, is owned by a Borrower, either directly or through an Affiliate. 

  
 Exhibit A, Page 12 

 “Taxes” shall mean all taxes, charges, fees, levies, imposts and other assessments,
including all income, sales, use, goods and services, value added, capital, capital gains, alternative, net worth, transfer, profits, withholding, payroll, employer health, excise, real property and personal property taxes, and any other taxes,
customs duties, fees, assessments, or similar charges in the nature of a tax, including Canadian Pension Plans and provincial pension plan contributions, unemployment insurance payments and workers’ compensation premiums, together with any
installments with respect thereto, and any interest, fines and penalties with respect thereto, imposed by any Governmental Authority (including federal, state, provincial, municipal and foreign Governmental Authorities), and whether disputed or not.

 “Term Loan” means the term loan described under Section 2.1(c). 

“Term Loan Maturity Date” means July 1, 2015. 

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

  
 Exhibit A, Page 13 

 EXHIBIT B 

COLLATERAL DESCRIPTION ATTACHMENT TO FIRST AMENDED AND RESTATED 

LOAN AND SECURITY AGREEMENT 
  

			
	DEBTOR	 	PROTEINSIMPLE AND PROTEINSIMPLE LTD.
		
	SECURED PARTY:	 	COMERICA BANK

 All personal property of Borrower (herein referred to as “Borrower” or “Debtor”) of every
kind, whether presently existing or hereafter created or acquired, and wherever located, including but not limited to: (a) all accounts (Including health-care-insurance receivables), chattel paper (including tangible and electronic chattel
paper), deposit accounts, documents (including negotiable documents), equipment (including all accessions and additions thereto), general intangibles (including payment intangibles and software), goods (including fixtures), instruments (including
promissory notes), inventory (including all goods held for sale or lease or to be furnished under a contract of service, and including returns and repossessions), investment property (including securities and securities entitlements), letter of
credit rights, money, and all of Debtor’s books and records with respect to any of the foregoing, and the computers and equipment containing said books and records; and (b) any and all cash proceeds and/or non cash proceeds thereof;
including, without limitation, insurance proceeds, and all supporting obligations and the security therefor or for any right to payment. All terms above have the meanings given to them in the California Uniform Commercial Code, as amended or
supplemented from time to time. 
 Notwithstanding the foregoing, the Collateral shall not include any copyrights, patents, trademarks,
servicemarks and applications therefor, now owned or hereafter acquired, or any claims for damages by way of any past, present and future infringement of any of the foregoing (collectively, the “Intellectual Property”); provided, however,
that the Collateral shall include all accounts and general intangibles that consist of rights to payment from the sale, licensing or disposition of all or any part of, or rights in, the Intellectual Property (the “Rights to Payment”).
Notwithstanding the foregoing, if a judicial authority (including a U.S. Bankruptcy Court) holds that a security interest in the underlying Intellectual Property is necessary to have a security interest in the Rights to Payment, then the Collateral
shall automatically, and effective as of January 26, 2012, include the Intellectual Property to the extent necessary to permit perfection of Bank’s security interest in the Rights to Payment. 

  
 Exhibit B, Page 1 

 EXHIBIT C 

LOAN ADVANCE/PAYDOWN REQUEST FORM – DOMESTIC REVOLVING LINE 

TECHNOLOGY & LIFE SCIENCES DIVISION 

LOAN ANALYSIS 
 DEADLINE
FOR SAME DAY PROCESSING IS [3:00* P.M., PACIFIC TIME] 
 DEADLINE FOR WIRE TRANSFERS IS [1:00 P.M., PACIFIC TIME] 

 

			
	To: Loan Analysis	  	DATE:                      TIME:             
	FAX (650) 846-6840	  	

 

			
	FROM: ProteinSimple or PROTEINSIMPLE LTD.
		
	FROM:	 	  

		 	Authorized Signer’s Name
		
	FROM:	 	  

		 	Authorized Signer’s Name
	
	 PHONE #:
  

FROM ACCOUNT #:
 (please include Note number, if applicable)

TO ACCOUNT #:
 (please include Note number, if
applicable)

 TELEPHONE REQUEST (For Bank Use Only): 

The following person is authorized to request the loan payment transfer/loan advance on the designated account and is known to me. 

Authorized Request & Phone # 
 Received by (Bank) &
Phone # 
 Authorized Signature (Blank)

 

  

					
	 REQUESTED TRANSACTION TYPE
	  	 REQUESTED DOLLAR AMOUNT
	  	For Bank Use Only
			
	 A. DOMESTIC REVOLVING LINE:
	  		  	Date Rec’d:
	  
 i. PRINCIPAL INCREASE* (ADVANCE)

ii. PRINCIPAL PAYMENT (ONLY)
  

OTHER INSTRUCTIONS:
	  	  

$                       
                     

$                       
                     
	  	 Time:
 Comp.
Status:  YES  NO
 Status Date:
 Time:

Approval:

 All representations and warranties of Borrower stated in the First Amended and Restated Loan and Security Agreement are true,
correct and complete in all material respects as of the date of the telephone request for and advance confirmed by this Certificate; provided, however, that those representations and warranties expressly referring to another date shall be true,
correct and complete in all material respects as of such date. 
  

	*	IS THERE A WIRE REQUEST TIED TO THIS LOAN ADVANCE? (PLEASE CIRCLE ONE YES        NO) 

If YES, the Outgoing Wire Transfer Instructions must be completed below. 
  

					
	OUTGOING WIRE TRANSFER INSTRUCTIONS	 	Fed Reference Number        	 	Bank Transfer Number
	The items marked with an asterisk (*) are required to be completed.
	*Beneficiary Name	 	
	*Beneficiary Account Number	 	
	*Beneficiary Address	 	
	Currency Type	 	US DOLLARS ONLY
	*ABA Routing Number (9 Digits)	 	
	*Receiving Institution Name	 	
	*Receiving Institution Address	 	
	*Wire Account	 	$

  
 Exhibit C, Page 1 

 EXHIBIT D 

LOAN ADVANCE/PAYDOWN REQUEST FORM – EXPORT REVOLVING LINE 

TECHNOLOGY & LIFE SCIENCES DIVISION 

LOAN ANALYSIS 
 DEADLINE
FOR SAME DAY PROCESSING IS [3:00* P.M., PACIFIC TIME] 
 DEADLINE FOR WIRE TRANSFERS IS [1:00 P.M., PACIFIC TIME] 

 

			
	To: Loan Analysis	  	DATE:                      TIME:             
	FAX (650) 846-6840	  	

 

			
	FROM: ProteinSimple
		
	FROM:	 	  

		 	Authorized Signer’s Name
		
	FROM:	 	  

		 	Authorized Signer’s Name
	
	 PHONE #:
  

FROM ACCOUNT #:
 (please include Note number, if applicable)

TO ACCOUNT #:
 (please include Note number, if
applicable)

 TELEPHONE REQUEST (For Bank Use Only): 

The following person is authorized to request the loan payment transfer/loan advance on the designated account and is known to me. 

Authorized Request & Phone # 
 Received by (Bank) &
Phone # 
 Authorized Signature (Blank)

 

  

					
	 REQUESTED TRANSACTION TYPE
	  	 REQUESTED DOLLAR AMOUNT
	  	For Bank Use Only
			
	 A. DOMESTIC REVOLVING LINE:
	  		  	Date Rec’d:
	  
 i. PRINCIPAL INCREASE*
(ADVANCE)
 ii. PRINCIPAL PAYMENT (ONLY)
  

OTHER INSTRUCTIONS:
	  	  

$                       
                     

$                       
                     
	  	 Time:
 Comp.
Status:  YES  NO
 Status Date:
 Time:

Approval:

 All representations and warranties of Borrower stated in the First Amended and Restated Loan and Security Agreement are true,
correct and complete in all material respects as of the date of the telephone request for and advance confirmed by this Certificate; provided, however, that those representations and warranties expressly referring to another date shall be true,
correct and complete in all material respects as of such date. 
  

	*	IS THERE A WIRE REQUEST TIED TO THIS LOAN ADVANCE? (PLEASE CIRCLE ONE YES        NO) 

If YES, the Outgoing Wire Transfer Instructions must be completed below. 
  

					
	OUTGOING WIRE TRANSFER INSTRUCTIONS	 	Fed Reference Number        	 	Bank Transfer Number
	The items marked with an asterisk (*) are required to be completed.
	*Beneficiary Name	 	
	*Beneficiary Account Number	 	
	*Beneficiary Address	 	
	Currency Type	 	US DOLLARS ONLY
	*ABA Routing Number (9 Digits)	 	
	*Receiving Institution Name	 	
	*Receiving Institution Address	 	
	*Wire Account	 	$

  
 Exhibit D, Page 1 

 EXHIBIT “E” 

DOMESTIC BORROWING BASE CERTIFICATE 

Borrower: ProteinSimple and PROTEINSIMPLE LTD. 
 Lender: Comerica
Bank 
 Commitment Amount: $6,500,000 
  

									
	 DOMESTIC ACCOUNTS RECEIVABLE
	  				  			
	 1. Accounts Receivable Book Value as of Month Ending
	  				  			
	 2. +Billings
	  				  			
	 3. – Collections
	  				  			
		  	  
	  
	 	  			
	 4. Ending Accounts Receivable Balance as of Current Month Ending
	  				  			
			
	 DOMESTIC ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication)
	  				  			
	 5. Account balances > 90 days from invoice date
	  				  			
	 6. Credit Balances > 90 days from invoice date
	  	$	0	  	  			
	 7. Balance of 25% over 90 day accounts
	  	$	0	  	  			
	 8. Concentration Limit of 25%
	  				  			
	 9. Governmental Accounts
	  	$	0	  	  			
	 10. Contra Accounts
	  	$	0	  	  			
	 11. Pre-billed or Advanced Billed
	  	$	0	  	  			
	 12. Intercompany/Employee Accounts
	  				  			
	 13. Foreign Accounts (other than Eligible Foreign Accounts)
	  				  			
		  	  
	  
	 	  			
	 14. Other (please explain on reverse)
	  	$	    0	  	  			
		  	  
	  
	 	  			
	 15. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS
	  				  			
	 16. Eligible Accounts (#4 minus #15)
	  				  	 	        	  
		  				  	  
	  
	 
	 17. LOAN VALUE OF ACCOUNTS (80% of #16)
	  				  			

 The Undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected
in this Domestic Borrowing Base Certificate complies with the representations and warranties set forth in the First Amended and Restated Loan and Security Agreement by and among the undersigned and Comerica Bank. 

[Signature Page Follows] 

  
 Exhibit E, Page 1 

 [Signature Page to Domestic Borrowing Base Certificate] 

 

									
	ProteinSimple	 		 		 	
					
	Certification by:	 	  
	 		 		 	
					
	Signature:	 	  
	 		 	Date:	 	  

				
	PROTEINSIMPLE LTD.	 		 		 	
					
	Certification by:	 	  
	 		 		 	
					
	Signature:	 	  
	 		 	Date:	 	  

  
 Exhibit E, Page 2 

 EXHIBIT F 

EXPORT BORROWING BASE CERTIFICATE 
  

			
	 Borrower: ProteinSimple
 Commitment Amount:
$2,500,000
	  	Lender: Comerica Bank

  

									
	 FOREIGN ACCOUNTS RECEIVABLE (owing to ProteinSimple)
	  				  	$	0	  
	 1. Accounts Receivable Book Value as of Month Ending
	  				  	$	0	  
	 2. + Billing
	  	$	0	  	  			
	 3. – Collections
	  				  	$	0	  
	 4. Ending Accounts Receivable Balance as of Current Month Ending
	  				  	$	0	  
			
	 FOREIGN ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication)
	  				  			
	 5. Account balances > 90 days from invoice date
	  	$	0	  	  			
	 6. Credit Balances > 60 days from invoice due date
	  	$	0	  	  			
	 7. Balance of 50% over 90 day accounts
	  	$	0	  	  			
	 8. Concentration Limit of 25%
	  	$	0	  	  			
	 9. Governmental Accounts
	  	$	0	  	  			
	 10. Contra Accounts
	  	$	0	  	  			
	 11. Pre-billed or Advanced Billed
	  	$	0	  	  			
	 12. Retentions
	  	$	0	  	  			
	 13. Intra-Company Accounts
	  	$	0	  	  			
	 14. Other (please explain on reverse)
	  	$	    0	  	  			
		  	  
	  
	 	  			
	 15. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS
	  				  	$	0	  
	 16. Eligible Accounts (#4 minus #15)
	  				  	$	0	  
		  				  	  
	  
	 
	 17. LOAN VALUE OF ACCOUNTS (80% OF #16)
	  				  	$	0	  
			
	 18. LOANABLE COLLATERAL AVAILABLE TO SUPPORT DISBURSEMENTS
	  				  	$	0	  
			
	 19. LINE OF CREDIT COMMITMENT
	  				  	$	2,500,000	  
	 20. LESS TOTAL FACE VALUE OF LCs
	  	$	0	  	  			
		  	  
	  
	 	  			
	 21. NET LINE OF CREDIT AVAILABLE FOR DISBURSEMENTS
	  				  	$	2,500,000	  
			
	 TOTAL ELIGIBLE COLLATERAL (Lessor of #18 and #21)
	  				  	$	0	  
	 TOTAL RESERVES FOR LETTERS OF CREDIT (from L/C Worksheet)
	  				  	$	0	  
	 BEGINNING LOAN BALANCE
	  				  	$	0	  
	 Less: Principal Balances Received
	  	$	0	  	  			
	 Add: Disbursements Requested
	  				  	$	0	  
	 ENDING LOAN BALANCE
	  				  	$	0	  
	 NET COLLATERAL AVAILABLE FOR DISBURSEMENTS
	  				  	($	0	) 

 The undersigned represents and warrants that the foregoing is true, complete and correct, and that the information reflected
in the Borrowing Base Certificate complies with the representations and warranties set forth in the First Amended and Restated Loan and Security Agreement, Borrower Agreement, and Letter Agreement between the undersigned and Comerica Bank 

 

					
	ProteinSimple	 		 	
			
	Certification by:	 		 	
			
	  
	 		 	  

	Signature	 		 	Date:

  
 Exhibit F, Page 1 

 EXHIBIT G 

COMPLIANCE CERTIFICATE 
  

			
	TO:	  	COMERICA BANK
		
	FROM:	  	PROTEINSIMPLE and PROTEINSIMPLE LTD.

 The undersigned authorized officers of PROTEINSIMPLE and PROTEINSIMPLE LTD. hereby certify that in accordance
with the terms and conditions of the First Amended and Restated Loan and Security Agreement by and among Borrower and Bank (as amended from time to time, the “Agreement”), (i) Borrower is in complete compliance for the period ending
                     with all required covenants except as noted below and (ii) all representations and warranties of Borrower stated in the
Agreement are true and correct in all material respects as of the date hereof. Attached herewith are the required documents supporting the above certification. The Officers further certify that except as otherwise permitted these are prepared in
accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes. 

Please indicate compliance status by circling Yes/No under “Complies” column. 

 

									
	 Reporting Covenant
	 	 Required
	 	 Complies

				
	Monthly financial statements	 	Monthly within 30 days	 	Yes	 	No
	Annual (CPA Audited)	 	FYE within 180 days	 	Yes	 	No
	10K and 10Q	 	(as applicable)	 	Yes	 	No N/A
	A/R & A/P Agings, Domestic Borrowing Base Cert.	 	Monthly within 20 days	 	Yes	 	No
	Board Approved Budget	 	On or before 45th day following year end	 	Yes	 	No
	Budgets, sales projections, operating plans and other financial exhibits	 	Upon request of Bank	 	Yes	 	No

  

									
	 Financial Covenant
	 	 Required 1
	 	 Actual
	 	 Complies

					
	Minimum Adjusted Quick Ratio	 	         to 1:00	 	         to 1:00	 	Yes	 	No
	Rolling Revenues	 	$                  	 	$                  	 	Yes	 	No

  

	1 	See First Amended and Restated Loan and Security Agreement for required amount. 

  
 Exhibit G, Page 1 

 [Signature Page to Compliance Certificate] 

 

							
	Comments Regarding Exceptions: See Attached.	 		 	BANK USE ONLY
				
		 		 	Received by:	 	  

	Sincerely,	 		 		 	AUTHORIZED SIGNER
				
		 		 	Date:	 	  

				
	  
	 		 	Verified:	 	  

	SIGNATURE	 		 		 	AUTHORIZED SIGNER
				
	  
	 		 	Date:	 	  

	TITLE	 		 		 	
		 		 	Compliance Status                    Yes    No
	  
	 		 	
	DATE	 		 		 	
				
	Sincerely,	 		 		 	AUTHORIZED SIGNER
				
		 		 	Date:	 	  

				
	  
	 		 	Verified:	 	  

	SIGNATURE	 		 		 	AUTHORIZED SIGNER
				
	  
	 		 	Date:	 	  

	TITLE	 		 		 	
		 		 	Compliance
Status                                        
                                 Yes
	  
	 		 		 	
	DATE	 		 		 	

  
 Exhibit G, Page 2 

 EXHIBIT H 

SCHEDULE OF EXCEPTIONS 
 Permitted
Indebtedness (Exhibit A) 
 None. 

Permitted Investments (Exhibit A) 
 None. 

Permitted Liens (Exhibit A) 
 None. 

Collateral (Section 5.3) 
 None. 

Intellectual Property (Section 5.4) 

None. 
 Prior Names (Section 5.5) 

Prior to September 12, 2003, ProteinSimple did business under the name Signal Analytics, Inc. The “Signal Analytics” name has
been previously used by a company acquired by Scanalytics in Pennsylvania. Scanalytics owns the Signalanalytics.com domain name. On September 12, 2003, ProteinSimple filed a Certificate of Amendment to its Restated Certificate of Incorporation
to change its name to “Cell Biosciences, Inc.” On July 14, 2011, ProteinSimple filed a Certificate of Amendment to its Restated Certificate of Incorporation to change its name to “ProteinSimple” 

CONVERGENT BIOSCIENCE LTD. (predecessor entity to ProteinSimple Canada) changed its name to PROTEINSIMPLE LTD. on August 3, 2011. On or
about August 16, 201, BRIGHTWELL TECHNOLOGIES INC. (predecessor entity to ProteinSimple Canada) filed Articles of Continuance in the Province of Ontario whereby BRIGHTWELL TECHNOLOGIES INC. was continued from the Canadian federal jurisdiction
to the jurisdiction of the province of Ontario. On August 16, 2011 BRIGHTWELL TECHNOLOGIES INC. and PROTEINSIMPLE LTD. entered into an amalgamation agreement whereby BRIGHTWELL TECHNOLOGIES INC. and PROTEINSIMPLE LTD agreed, amongst other
things, to amalgamate as one corporation. On September 1, 2011 ProteinSimple Canada filed Articles of Amalgamation with the Ontario Ministry of Government Services naming the amalgamated corporation “ PROTEINSIMPLE LTD.” 

Litigation (Section 5.6) 
 None. 

Inbound Licenses (Section 5.12) 
 None.

  
 Exhibit H, Page 1 

 Inventory and Equipment (Section 7.10) 

81 Daggett, San Jose, California 95134 

  
 Exhibit H, Page 2 

 EXHIBIT I 

CLOSING CHECKLIST 

PROTEINSIMPLE 

PROTEINSIMPLE LTD. 
 FIRST
AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 
 WITH COMERICA BANK 

 

			
	Lender:	  	Comerica Bank
		
	Borrowers:	  	 ProteinSimple, a Delaware corporation (f/k/a Cell Biosciences, Inc., a Delaware corporation)

PROTEIN SIMPLE LTD. an Ontario corporation (successor by amalgamation to Brightwell Technologies Inc. and PROTEIN SIMPLE LTD.)

		
	Guarantor:	  	Alpha Innotech Corp.
		
	Transaction:	  	 First Amended and Restated Loan and Security Agreement

$6,500,000 Formula Based Domestic Line of Credit

$1,000,000 Sublimit for Letters of Credit

$500,000 Sublimit for Corporate Credit Cards

$2,500,000 Formula Based Export Line of Credit
 $6,000,000 Term
Loan

		
	Security:	  	First priority security interest on all personal property of Borrower, with a negative pledge as to Borrower’s intellectual property
		
	Closing Date:	  	January 26, 2012

  

							
	 ITEM
	  	SOURCE	  	STATUS
			
	 ORGANIZATION AND DUE DILIGENCE DOCUMENTATION
– PROTEINSIMPLE
	  		  	
				
	 1.
	 	 Evidence of Good Standing (Delaware, California)
	  	MCPS	  	Ordered
				
	 2.
	 	 Updates to UCC, judgment and tax lien search results
	  	MCPS	  	Received
				
	 3.
	 	 Collateral Audit
	  	CMA	  	Open

  
 Exhibit I, Page 1 

							
	 ITEM
	  	SOURCE	  	STATUS
				
	 4.
	 	 Evidence of Insurance – Property and General Liability Insurance, naming Bank as lender loss payee and additional insured
respectively with at least 30 days notice of cancellation or reduction in policy
	  	BOR	  	Open
				
	 5.
	 	 Secretary’s Certificate
	  	MCPS	  	Drafted
				
	 6.
	 	 Resolutions
	  	MCPS	  	Drafted
			
	 ORGANIZATION AND DUE DILIGENCE DOCUMENTATION
– PROTEINSIMPLE LTD.
	  		  	
				
	 7.
	 	 Bylaws
	  	BOR	  	Received
				
	 8.
	 	 Articles of Incorporation
	  	MCPS	  	Received
				
	 9.
	 	 Certificate of Status
	  	MCPS	  	Received
				
	 10.
	 	 Corporation Profile Report
	  	MCPS	  	Received
				
	 11.
	 	 Officer’s Certificate
	  	MCPS	  	Drafted
				
	 12.
	 	 Resolutions
	  	MCPS	  	Drafted
				
	 13.
	 	 Bankruptcy and Insolvency Searches
	  	MCPS	  	Received
				
	 14.
	 	 Bank Act Search
	  	MCPS	  	Received
				
	 15.
	 	 PPSA Searches
	  	MCPS	  	Received
				
	 16.
	 	 Collateral Audit
	  	CMA	  	Open

  
 Exhibit I, Page 2 

							
	 ITEM
	  	SOURCE	  	STATUS
				
	 17.
	 	 Evidence of Insurance – Property and General Liability Insurance, naming Bank as lender loss payee and additional insured
respectively with at least 30 days notice of cancellation or reduction in policy
	  	BOR	  	Open
			
	 ORGANIZATION AND DUE DILIGENCE DOCUMENTATION
– ALPHA INNOTECH CORP.
	  		  	
				
	 18.
	 	 Evidence of Good Standing (Delaware, California)
	  	MCPS	  	Ordered
				
	 19.
	 	 Secretary’s Certificate
	  	MCPS	  	Drafted
				
	 20.
	 	 Resolutions
	  	MCPS	  	Drafted
			
	 LOAN DOCUMENTATION – PRIMARY
	  		  	
				
	 21.
	 	 First Amended and Restated Loan and Security Agreement
	  	MCPS	  	Drafted
				
	 22.
	 	 General Security Agreement – PROTEIN SIMPLE LTD.
	  	MCPS	  	Drafted
				
	 23.
	 	 PPSA Financing Statement – PROTEIN SIMPLE LTD.
	  	MCPS	  	Drafted
				
	 24.
	 	 PPSA Amendments
	  	MCPS	  	Drafted
				
	 25.
	 	 Guaranty – Alpha Innotech Corp.
	  	MCPS	  	Drafted
				
	 26.
	 	 Judicial Reference Letter – Alpha Innotech Corp.
	  	MCPS	  	Drafted
			
	 LOAN DOCUMENTATION – ADDITIONAL EX-IM
BANK RELATED
	  		  	
				
	 27.
	 	 Joint Application for Working Capital Guarantee (with current Country Limitation Schedule provided by Comerica Trade Finance
Group)
	  	BOR	  	Received

  
 Exhibit I, Page 3 

							
	 ITEM
	  	SOURCE	  	STATUS
				
	 28.
	 	 Loan Authorization Notice
	  	MCPS	  	Drafted
				
	 29.
	 	 Schedule A to Loan Authorization Notice
	  	MCPS	  	Drafted
				
	 30.
	 	 Borrower Agreement
	  	MCPS	  	Drafted
				
	 31.
	 	 Economic Impact Certification
	  	MCPS	  	Drafted
				
	 32.
	 	 Ex-Im Waiver Letter
	  	CMA	  	Received
				
	 33.
	 	 Evidence of Satisfaction of Minimum Credit Criteria and Additionality Test
	  	CMA	  	Received/
 Waived

				
	 34.
	 	 Submission to Borrower of Country Limitation Schedule
	  	CMA	  	At Closing
				
	 35.
	 	 Submission to Ex-Im Bank of Ex-Im Bank Facility Fee, Application Fee, Joint Application, and Loan Authorization Notice
	  	CMA	  	At Closing
				
	 36.
	 	 Submission to Ex-Im Bank of Notice of Loan Closing
	  	CMA	  	At Closing
				
	 37.
	 	 Consistency Letter
	  	MCPS	  	At Closing
			
	 MISCELLANEOUS
	  		  	
				
	 38.
	 	 Payment of CMA Fees
	  	BOR	  	At Closing

  
 Exhibit I, Page 4 

 EXHIBIT J 

LIBOR/PRIME REFERENCED RATE ADDENDUM 

TO FIRST AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

This LIBOR/Prime Referenced Addendum to First Amended and Restated Loan and Security Agreement (this “Addendum”) is entered into as
of January 26, 2012, by and between Comerica Bank (“Bank”), ProteinSimple, a Delaware corporation, and PROTEINSIMPLE LTD., an Ontario corporation (each a “Borrower” and collectively, “Borrowers”). This Addendum
supplements the terms of the First Amended and Restated Loan and Security Agreement dated January 26, 2012 (as the same may be amended, modified, supplemented, extended or restated from time to time, the “Agreement”). 

 

	1.	Definitions. As used in this Addendum, the following terms shall have the following meanings. Initially capitalized terms used and not defined in this Addendum shall have the meanings ascribed thereto in the
Agreement. 

  

	 	(a)	“Advance” means a borrowing requested by a Borrower and made by Bank under the Agreement, including any refunding of an outstanding Advance as the same type of Advance or the conversion of any such outstanding
Advance to another type of Advance, and shall include a LIBOR-based Advance and a Prime-based Advance. 

  

	 	(b)	“Applicable Interest Rate” means (a) as to each Advance under the Domestic Revolving Facility or the Export Revolving Facility, the Prime Referenced Rate plus the Applicable Margin, and (b) as to
each Advance under the Term Loan, the LIBOR-based Rate plus the Applicable Margin or, as otherwise determined in accordance with the terms and conditions of this Addendum. 

 

	 	(c)	“Applicable Margin” means (a) as to each Advance under the Domestic Revolving Facility, three quarters of one percent (0.75%), (b) as to each Advance under the Export Revolving Facility, one half of
one percent (0.5%), and (c) as to each Advance under the Term Loan, four fifths of one percent (.80%). 

  

	 	(d)	“Business Day” means any day, other than a Saturday, Sunday or any other day designated as a holiday under Federal or applicable State statute or regulation, on which Bank is open for all or substantially all
of its domestic and international business (including dealings in foreign exchange) in San Jose, California, and, in respect of notices and determinations relating to LIBOR-based Advances, the LIBOR-based Rate, and the Daily Adjusting LIBOR Rate,
also a day on which dealings in dollar deposits are also carried on in the London interbank market and on which banks are open for business in London, England. 

  

	 	(e)	 “Change in Law” means the occurrence, after the date hereof, of any of the following: (i) the adoption or introduction of, or any
change in any applicable law, treaty, rule or regulation (whether domestic or foreign) now or hereafter in effect and whether or not applicable to Bank on such date, or (ii) any change in interpretation, administration or

  
 Exhibit J, Page 1 

	 	
implementation thereof of any such law, treaty, rule or regulation by any Governmental Authority, or (iii) the issuance, making or implementation by any Governmental Authority of any
interpretation, administration, request, regulation, guideline, or directive (whether or not having the force of law), including any risk-based capital guidelines. For purposes of this definition, (x) a change in law, treaty, rule, regulation,
interpretation, administration or implementation shall include, without limitation, any change made or which becomes effective on the basis of a law, treaty, rule, regulation, interpretation administration or implementation then in force, the
effective date of which change is delayed by the terms of such law, treaty, rule, regulation, interpretation, administration or implementation, and (y) the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203, H.R.
4173) and all requests, rules, regulations, guidelines, interpretations or directives promulgated thereunder or issued in connection therewith shall be deemed to be a “Change in Law”, regardless of the date enacted, adopted, issued or
promulgated, whether before or after the date hereof, and (z) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar
authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall each be deemed to be a “Change in Law”, regardless of the date enacted, adopted, issued or implemented. 

 

	 	(f)	“Daily Adjusting LIBOR Rate” means, for any day, a per annum interest rate which is equal to the quotient of the following: 

(i) for any day, the per annum rate of interest determined on the basis of the rate for deposits in United States Dollars for a period equal
to one (1) month appearing on Page BBAM of the Bloomberg Financial Markets Information Service as of 8:00 a.m. (California time) (or as soon thereafter as practical) on such day, or if such day is not a Business Day, on the immediately
preceding Business Day. In the event that such rate does not appear on Page BBAM of the Bloomberg Financial Markets Information Service (or otherwise on such Service) on any day, the “Daily Adjusting LIBOR Rate” for such day shall be
determined by reference to such other publicly available service for displaying eurodollar rates as may be reasonably selected by Bank, or in the absence of such other service, the “Daily Adjusting LIBOR Rate” for such day shall, instead,
be determined based upon the average of the rates at which Bank is offered dollar deposits at or about 8:00 a.m. (California time) (or as soon thereafter as practical), on such day, or if such day is not a Business Day, on the immediately preceding
Business Day, in the interbank eurodollar market in an amount comparable to the outstanding principal amount of the Obligations and for a period equal to one (1) month; 

divided by 
 (ii) 1.00 minus
the maximum rate (expressed as a decimal) on such day at which Bank is required to maintain reserves on “Euro-currency Liabilities” as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if
such regulation or definition is modified, and as long as Bank is required to maintain reserves against a category of liabilities which includes eurodollar deposits or includes a category of assets which includes eurodollar loans, the rate at which
such reserves are required to be maintained on such category. 
  

	 	(g)	 “Governmental Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof,
whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity 

  
 Exhibit J, Page 2 

	 	
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including, without limitation, any supranational bodies such
as the European Union or the European Central Bank). 

  

	 	(h)	“LIBOR-based Advance” means an Advance which bears interest at the LIBOR-based Rate plus the Applicable Margin. 

  

	 	(i)	“LIBOR-based Rate” means, for each Interest Period, a per annum interest rate equal to the quotient (rounded upward, if necessary, to the nearest 0.01%) of: 

(a) the per annum rate of interest determined on the basis of the rate for deposits in United States Dollars for that Interest Period,
commencing on the first day of that Interest Period, appearing on Page BBAM of the Bloomberg Financial Markets Information Service as of 11:00 a.m. (California time) (or soon thereafter as practical), two (2) Business Days prior to the first
day of that Interest Period; provided that if such rate does not appear on Page BBAM of the Bloomberg Financial Markets Information Service (or otherwise on such Service), “LIBOR” shall be determined by reference to such other
publicly available service for displaying eurodollar rates as may be reasonably selected by Bank; 
 divided by; 

(b) 1.00 minus the maximum rate (expressed as a decimal) on such day at which Bank is required to maintain reserves on “Euro-currency
Liabilities” as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as Bank is required to maintain reserves against a category of
liabilities which includes eurodollar deposits or includes a category of assets which includes eurodollar loans, the rate at which such reserves are required to be maintained on such category. 

 

	 	(j)	“LIBOR Lending Office” means Bank’s office located in the Cayman Islands, British West Indies, or such other branch of Bank, domestic or foreign, as it may hereafter designate as its LIBOR Lending Office
by notice to Borrowers. 

  

	 	(k)	“LIBOR Period” means, with respect to a LIBOR-based Advance, a period of one (1) month, or as otherwise determined pursuant to and in accordance with the terms of this Addendum, commencing on the day a
LIBOR-based Advance is made or the day an Advance is converted to a LIBOR-based Advance or the day an outstanding LIBOR-based Advance is refunded or continued as another LIBOR-based Advance for an applicable LIBOR Period, provided that any LIBOR
Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day, except that if the next succeeding Business Day falls in another calendar month, the LIBOR Period shall end on the next
preceding Business Day, and when a LIBOR Period begins on a day which has no numerically corresponding day in the calendar month during which such LIBOR Period is to end, it shall end on the last Business Day of such calendar month. In the event
that any LIBOR-based Advance is at any time refunded or continued as another LIBOR-based Advance for an additional LIBOR Period, such LIBOR Period shall commence on the last day of the preceding LIBOR Period then ending. 

  
 Exhibit J, Page 3 

	 	(l)	“LIBOR Rate” means, with respect to any Obligations outstanding under the Agreement bearing interest on the basis of the LIBOR-based Rate, the per annum rate of interest determined on the basis of the rate for
deposits in United States Dollars for a period equal to the relevant LIBOR Period for such Obligations, commencing on the first day of such LIBOR Period, appearing on Page BBAM of the Bloomberg Financial Markets Information Service as of 8:00 a.m.
(California time) (or as soon thereafter as practical), two (2) Business Days prior to the first day of such LIBOR Period. In the event that such rate does not appear on Page BBAM of the Bloomberg Financial Markets Information Service (or
otherwise on such Service), the “LIBOR Rate” shall be determined by reference to such other publicly available service for displaying eurodollar rates as may be reasonably selected by Bank, or, in the absence of such other service, the
“LIBOR Rate” shall, instead, be determined based upon the average of the rates at which Bank is offered dollar deposits at or about 8:00 a.m. (California time) (or as soon thereafter as practical), two (2) Business Days prior to the
first day of such LIBOR Period in the interbank eurodollar market in an amount comparable to the principal amount of the respective LIBOR-based Advance which is to bear interest on the basis of such
LIBOR-based Rate and for a period equal to the relevant LIBOR Period. 

  

	 	(m)	“Prime Rate” means the per annum interest rate established by Bank as its prime rate for its borrowers, as such rate may vary from time to time, which rate is not necessarily the lowest rate on loans made by
Bank at any such time. 

  

	 	(n)	“Prime-based Advance” means an Advance which bears interest at the Prime Referenced Rate plus the Applicable Margin. 

  

	 	(o)	“Prime Referenced Rate” means, for any day, a per annum interest rate which is equal to the Prime Rate in effect on such day, but in no event and at no time shall the Prime Referenced Rate be less than the sum
of the Daily Adjusting LIBOR Rate for such day plus two and one-half percent (2.50%) per annum. If, at any time, Bank determines that it is unable to determine or ascertain the Daily Adjusting LIBOR Rate for any day, the Prime Referenced Rate
for each such day shall be the Prime Rate in effect at such time, but not less than two and one-half percent (2.50%) per annum. 

  

	 	(p)	“Request for Advance” means a Request for Advance issued by Borrower in the form of Exhibit “A” attached hereto and incorporated herein by this reference. 

 

	2.	Interest Rates. Subject to the terms and conditions of this Addendum, the Obligations under the Agreement shall bear interest at the LIBOR-based Rate plus the Applicable Margin or the Prime Referenced Rate plus
the Applicable Margin, as determined under this Addendum. 

  

	3.	 Payment of Interest on Advances. Accrued and unpaid interest on the unpaid balance of each outstanding Advance shall be payable monthly, in
arrears, on the first Business Day of each month, until maturity (whether as stated herein, by acceleration, or otherwise). Subject to the definition of “LIBOR Period” hereunder, in the event that any payment under this Addendum becomes
due and payable on any day which is not a Business Day, the due date thereof shall be 

  
 Exhibit J, Page 4 

	 	
extended to the next succeeding Business Day, and, to the extent applicable, interest shall continue to accrue and be payable thereon during such extension at the rates set forth in this
Addendum. Interest accruing on the basis of the Prime Referenced Rate shall be computed on the basis of a year of 360 days, and shall be assessed for the actual number of days elapsed, and in such computation, effect shall be given to any change in
the Applicable Interest Rate as a result of any change in the Prime Referenced Rate on the date of each such change. Interest accruing on the basis of the LIBOR-based Rate shall be computed on the basis of a 360 day year and shall be assessed for
the actual number of days elapsed from the first day of the LIBOR Period applicable thereto but not including the last day thereof. 

  

	4.	Bank’s Records. The amount and date of each Advance under the Agreement, its Applicable Interest Rate, its LIBOR Period, if applicable, and the amount and date of any repayment shall be noted on Bank’s
records, which records shall be conclusive evidence thereof, absent manifest error; provided, however, any failure by Bank to make any such notation, or any error in any such notation, shall not relieve Borrower of its obligations to
repay Bank all amounts payable by Borrower to Bank under or pursuant to this Addendum and the Agreement, when due in accordance with the terms hereof. For any Advance under the Agreement bearing interest on the basis of the LIBOR-based Rate, if Bank
shall designate a LIBOR Lending Office which maintains books separate from those of the rest of Bank, Bank shall have the option of maintaining and carrying such Advance on the books of such LIBOR Lending Office. 

 

	5.	Selection/Conversion of Interest Rate Options. Borrower may request an Advance hereunder, including the refunding of an outstanding Advance as the same type of Advance, upon the delivery to Bank of a Request for
Advance executed by Borrower, subject to the following: (a) no Event of Default, or any condition or event which, with the giving of notice or the running of time, or both, would constitute an Event of Default, shall have occurred and be
continuing or exist under the Agreement; (b) each such Request for Advance shall set forth the information required on the Request for Advance form attached hereto as Exhibit “A”; (c) each such Request for Advance shall be
delivered to Bank by 10:00 a.m. (California time) on the proposed date of the requested Advance; (d) the principal amount of each LIBOR-based Advance shall be at least Two Hundred Fifty Thousand Dollars ($250,000.00) (or such lesser amount as
is acceptable to Bank in its sole discretion); (e) the proposed date of any refunding of any outstanding LIBOR-based Advance as another LIBOR-based Advance shall only be on the last day of the LIBOR Period applicable to such outstanding
LIBOR-based Advance; and (f) a Request for Advance, once delivered to Bank, shall not be revocable by Borrower. 

  

	 	(a)	 Advances hereunder may be requested in Borrower’s discretion by telephonic notice to Bank. Any Advance requested by telephonic notice shall be
confirmed by Borrower that same day by submission to Bank, either by first class mail, facsimile or other means of delivery acceptable to Bank, of the written Request for Advance aforementioned. Borrower acknowledges that if Bank makes an Advance
based on a telephonic request, it shall be for Borrower’s convenience and all risks involved in the use of such procedure shall be borne by Borrower, and Borrower expressly agrees to indemnify and hold Bank harmless therefor. Bank shall have no
duty to confirm the authority of anyone requesting an Advance by telephone. Any failure of Borrower to deliver a written Request for Advance to Bank in confirmation of any Advance made by Bank to Borrower on the basis of any such telephonic request
in accordance with this Section shall not relieve Borrower of its obligations to repay Bank all amounts payable by Borrower to Bank 

  
 Exhibit J, Page 5 

	 	
under or pursuant to this Addendum and the Agreement with respect to any such Advance made on Borrower’s telephonic request when due in accordance with the terms hereof, and the amount and
date of each such Advance, its Applicable Interest Rate, its LIBOR Period, if applicable, and the amount and date of any repayment due thereunder shall be noted on Bank’s records, which records shall be conclusive evidence thereof, absent
manifest error; provided, however, any failure by Bank to make any such notation, or any error in any such notation, shall not relieve Borrower of its obligations to repay Bank all amounts payable by Borrower to Bank under or pursuant
to this Addendum and the Agreement with respect to any such Advance, when due in accordance with the terms hereof. 

  

	 	(b)	If, as to any outstanding LIBOR-based Advance, Bank shall not receive a timely Request for Advance, or telephonic notice, in accordance with the foregoing requesting the refunding or continuation of such Advance as
another LIBOR-based Advance for a specified LIBOR Period or the conversion of such Advance to a Prime-based Advance, effective as of the last day of the LIBOR Period applicable to such outstanding LIBOR-based Advance, and as of the last day of each
succeeding LIBOR Period, the principal amount of such Advance which is not then repaid shall be automatically refunded or continued as a LIBOR-based Advance having a LIBOR Period equal to the same period of time as the LIBOR Period then ending for
such outstanding LIBOR-based Advance, unless Borrower is/are not entitled to request LIBOR-based Advances hereunder or otherwise elect the LIBOR-based Rate as the basis for the Applicable Interest Rate for the principal Obligations outstanding
hereunder in accordance with the terms of this Addendum, or the LIBOR-based Rate is not otherwise available to Borrower as the basis for the Applicable Interest Rate hereunder for the principal Obligations outstanding hereunder in accordance with
the terms of this Addendum, in which case, the Prime Referenced Rate plus the Applicable Margin shall be the Applicable Interest Rate hereunder in respect of such Obligations for such period, subject in all respects to the terms and conditions of
the Agreement. The foregoing shall not in any way whatsoever limit or otherwise affect any of Bank’s rights or remedies under the Agreement upon the occurrence of any Event of Default thereunder, or any condition or event which, with the giving
of notice or the running of time, or both, would constitute an Event of Default. 

  

	6.	Default Interest Rate. From and after the occurrence of any Event of Default, and so long as any such Event of Default remains unremedied or uncured thereafter, the Obligations outstanding under the Agreement
shall bear interest at a per annum rate of five percent (5%) above the otherwise Applicable Interest Rate(s), which interest shall be payable upon demand. In addition to the foregoing, a late payment charge equal to five percent (5%) of
each late payment hereunder may be charged on any payment not received by Bank within ten (10) calendar days after the payment due date therefor, but acceptance of payment of any such charge shall not constitute a waiver of any Event of Default
under the Agreement. In no event shall the interest payable under this Addendum and the Agreement at any time exceed the maximum rate permitted by law. 

  

	7.	 Prepayment. If Borrower make(s) any payment of principal with respect to any LIBOR-based Advance on any day other than the last day of the
LIBOR Period applicable thereto (whether voluntarily, by acceleration, required payment or otherwise), or if Borrower fail(s) to borrow any LIBOR-based Advance after notice has been given by Borrower (or any of them) to Bank in accordance with the
terms of this Addendum requesting such Advance, or if Borrower fail(s) to 

  
 Exhibit J, Page 6 

	 	
make any payment of principal or interest in respect of a LIBOR-based Advance when due, Borrower shall reimburse Bank, on demand, for any resulting loss, cost or expense incurred by Bank as a
result thereof, including, without limitation, any such loss, cost or expense incurred in obtaining, liquidating, employing or redeploying deposits from third parties, whether or not Bank shall have funded or committed to fund such Advance. Such
amount payable by Borrower to Bank may include, without limitation, an amount equal to the excess, if any, of (a) the amount of interest which would have accrued on the amount so prepaid, or not so borrowed, refunded or converted, for the
period from the date of such prepayment or of such failure to borrow, refund or convert, through the last day of the relevant LIBOR Period, at the applicable rate of interest for said Advance(s) provided under this Addendum, over (b) the amount
of interest (as reasonably determined by Bank) which would have accrued to Bank on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurodollar market. Calculation of any amounts payable to
Bank under this paragraph shall be made as though Bank shall have actually funded or committed to fund the relevant LIBOR-based Advance through the purchase of an underlying deposit in an amount equal to the amount of such Advance and having a
maturity comparable to the relevant LIBOR Period; provided, however, that Bank may fund any LIBOR-based Advance in any manner it deems fit and the foregoing assumptions shall be utilized only for the purpose of the calculation of amounts payable
under this paragraph. Upon the written request of Borrower, Bank shall deliver to Borrower a certificate setting forth the basis for determining such losses, costs and expenses, which certificate shall be conclusively presumed correct, absent
manifest error. Borrower may prepay all or part of the outstanding balance of any Prime-based Advance under this Addendum or any Obligations which is bearing interest based upon the Prime Referenced Rate at any such time without premium or penalty.
Any prepayment hereunder shall also be accompanied by the payment of all accrued and unpaid interest on the amount so prepaid. Borrower hereby acknowledges and agrees that the foregoing shall not, in any way whatsoever, limit, restrict, or otherwise
affect Bank’s right to make demand for payment of all or any part of the Obligations under the Agreement which are due on a demand basis in accordance with the terms of the Agreement (if any), whether such Obligations is bearing interest based
upon the LIBOR-based Rate or the Prime Referenced Rate at such time. 

 BY INITIALING BELOW, BORROWER ACKNOWLEDGE(S) AND AGREE(S) THAT:
(A) THERE IS NO RIGHT TO PREPAY ANY LIBOR-BASED RATE ADVANCE, IN WHOLE OR IN PART, WITHOUT PAYING THE PREPAYMENT AMOUNT SET FORTH HEREIN (“PREPAYMENT AMOUNT”), EXCEPT AS OTHERWISE REQUIRED UNDER APPLICABLE LAW; (B) BORROWER SHALL
BE LIABLE FOR PAYMENT OF THE PREPAYMENT AMOUNT IF BANK EXERCISES ITS RIGHT TO ACCELERATE PAYMENT OF ANY LIBOR-BASED RATE ADVANCE AS PART OR ALL OF THE OBLIGATIONS OWING UNDER THE AGREEMENT, INCLUDING WITHOUT LIMITATION, ACCELERATION UNDER A
DUE-ON-SALE PROVISION; (C) BORROWER WAIVES ANY RIGHTS UNDER SECTION 2954.10 OF THE CALIFORNIA CIVIL CODE OR ANY SUCCESSOR STATUTE; AND (D) BANK HAS MADE EACH LIBOR-BASED RATE ADVANCE PURSUANT TO THE AGREEMENT IN RELIANCE ON THESE
AGREEMENTS. 
  

	
	 JN

	
	BORROWER’S INITIALS

  
 Exhibit J, Page 7 

	8.	Regulatory Developments or Other Circumstances Relating to the LIBOR-based Rate. 

  

	 	(a)	If, at any time, Bank determines that, (a) Bank is unable to determine or ascertain the LIBOR-based Rate, or (b) by reason of circumstances affecting the foreign exchange and interbank markets generally,
deposits in eurodollars in the applicable amounts or for the relative maturities are not being offered to Bank for any applicable Advance or LIBOR Period, or (c) the LIBOR-based Rate plus the Applicable Margin will not accurately or fairly
cover or reflect the cost to Bank of maintaining any of the Obligations under this Addendum based upon the LIBOR-based Rate, then Bank shall forthwith give notice thereof to Borrower. Thereafter, until Bank notifies Borrower that such conditions or
circumstances no longer exist, the right of Borrower to request a LIBOR-based Advance and to convert an Advance to or refund an Advance as a LIBOR-based Advance shall be suspended, and the Prime Referenced Rate plus the Applicable Margin shall be
the Applicable Interest Rate for all Obligations during such period of time. 

  

	 	(b)	If any Change in Law shall make it unlawful or impossible for Bank (or its LIBOR Lending Office) to make or maintain any Advance with interest based upon the LIBOR-based Rate, Bank shall forthwith give notice thereof to
Borrower. Thereafter, (a) until Bank notifies Borrower that such conditions or circumstances no longer exist, the right of Borrower to request a LIBOR-based Advance and to convert an Advance to or refund an Advance as a LIBOR-based Advance
shall be suspended, and thereafter, the Prime Referenced Rate plus the Applicable Margin shall be the Applicable Interest Rate for all Obligations, and (b) if Bank may not lawfully continue to maintain an outstanding LIBOR-based Advance to the
end of the then current LIBOR Period applicable thereto, the Prime Referenced Rate plus the Applicable Margin shall be the Applicable Interest Rate for the remainder of such LIBOR Period with respect to such outstanding Advance. 

 

	 	(c)	If any Change in Law shall: (a) subject Bank (or its LIBOR Lending Office) to any tax, duty or other charge with respect to this Addendum or any Obligations under the Agreement, or shall change the basis of
taxation of payments to Bank (or its LIBOR Lending Office) of the principal of or interest under this Addendum or any other amounts due under this Addendum in respect thereof (except for changes in the rate of tax on the overall net income of Bank
or its LIBOR Lending Office imposed by the jurisdiction in which Bank’s principal executive office or LIBOR Lending Office is located); or (b) impose, modify or deem applicable any reserve (including, without limitation, any imposed by the
Board of Governors of the Federal Reserve System), special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by Bank (or its LIBOR Lending Office), or shall impose on Bank (or its LIBOR Lending
Office) or the foreign exchange and interbank markets any other condition affecting this Addendum or the Obligations; and the result of any of the foregoing is to increase the cost to Bank of maintaining any part of the Obligations or to reduce the
amount of any sum received or receivable by Bank under this Addendum by an amount deemed by Bank to be material, then Borrower shall pay to Bank, within fifteen (15) days of Borrower’s receipt of written notice from Bank demanding such
compensation, such additional amount or amounts as will compensate Bank for such increased cost or reduction. A certificate of Bank, prepared in good faith and in reasonable detail by Bank and submitted by Bank to Borrower, setting forth the basis
for determining such additional amount or amounts necessary to compensate Bank shall be conclusive and binding for all purposes, absent manifest error. 

  
 Exhibit J, Page 8 

	 	(d)	In the event that any Change in Law affects or would affect the amount of capital required or expected to be maintained by Bank (or any corporation controlling Bank), and Bank determines that the amount of such capital
is increased by or based upon the existence of any obligations of Bank hereunder or the maintaining of any Obligations, and such increase has the effect of reducing the rate of return on Bank’s (or such controlling corporation’s) capital
as a consequence of such obligations or the maintaining of such Obligations to a level below that which Bank (or such controlling corporation) could have achieved but for such circumstances (taking into consideration its policies with respect to
capital adequacy), then Borrower shall pay to Bank, within fifteen (15) days of Borrower’s receipt of written notice from Bank demanding such compensation, additional amounts as are sufficient to compensate Bank (or such controlling
corporation) for any increase in the amount of capital and reduced rate of return which Bank reasonably determines to be allocable to the existence of any obligations of Bank hereunder or to maintaining any Obligations. A certificate of Bank as to
the amount of such compensation, prepared in good faith and in reasonable detail by Bank and submitted by Bank to Borrower, shall be conclusive and binding for all purposes absent manifest error. 

 

	9.	Legal Effect. Except as specifically modified hereby, all of the terms and conditions of the Agreement remain in full force and effect. 

 

	10.	Conflicts. As to the matters specifically the subject of this Addendum, in the event of any conflict between this Addendum and the Agreement, the terms of this Addendum shall control. 

  
 Exhibit J, Page 9 

 IN WITNESS WHEREOF, the parties have agreed to the foregoing as of the date first set forth
above. 
  

									
	Comerica Bank	 		 	ProteinSimple
					
	By:	 	 /s/ Kim Crosslin
	 		 	By:	 	 /s/ Jason Novi

					
	Its:	 	 V.P
	 		 	Its:	 	 CFO

				
		 		 		 	PROTEINSIMPLE LTD.
					
		 		 		 	By:	 	 /s/ Jason Novi

					
		 		 		 	Its:	 	 CFO

  
 Exhibit J, Page 10 

 EXHIBIT A 

REQUEST FOR ADVANCE 
 Borrower hereby
requests COMERICA BANK (“Bank”) to make a
                                        
                     [LIBOR-based Rate] Advance to Borrower on
                    , in the amount of six million Dollars ($6,000,000) under the First Amended and Restated Loan and Security Agreement dated
January 26, 2012, entered into between ProteinSimple, PROTEINSIMPLE LTD. and Bank (as the same may be amended, modified, supplemented, extended or restated from time to time, the “Agreement”). Initially capitalized terms used and not
defined in this Addendum shall have the meanings ascribed thereto in the Agreement. The LIBOR Period for the requested Advance, if applicable, shall be 30 days. In the event that any part of the Advance requested hereby constitutes the refunding or
conversion of an outstanding Advance, the amount to be refunded or converted is n/a Dollars ($        ), and the last day of the LIBOR Period for the amounts being converted or refunded hereunder, if
applicable, is n/a. 
 Borrower represents, warrants and certifies that no Event of Default, or any condition or event which, with the giving of notice or
the running of time, or both, would constitute an Event of Default, has occurred and is continuing under the Agreement, and none will exist upon the making of the Advance requested hereunder. Borrower further certifies that upon advancing the sum
requested hereunder, the aggregate principal amount outstanding under the Agreement will not exceed the face amount thereof. If the amount advanced to Borrower under the Agreement shall at any time exceed the face amount thereof, Borrower will
immediately pay such excess amount, without any necessity of notice or demand. 
 Borrower hereby authorizes Bank to disburse the proceeds of the Advance
being requested by this Request for Advance by crediting the account of Borrower with Bank separately designated by Borrower or as Borrower may otherwise direct, unless this Request for Advance is being submitted for a conversion or refunding of all
or any part of any outstanding Advance(s), in which case, such proceeds shall be deemed to be utilized, to the extent necessary, to refund or convert that portion stated above of the existing outstandings under such Advance(s). 

Capitalized terms used but not otherwise defined herein shall have the respective meanings given to them in the Agreement. 

 

			
	Dated this 26th day of January.
	
	[Borrower]
		
	By:	 	 /s/ Jason Novi

	Name:	 	 Jason Novi

	Its:	 	 CFO

  
 Exhibit J, Page 11

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