Document:

EX-10.16

 Exhibit 10.16 

LEASE 
 3 Executive Campus, Suite 145 &
155, Cherry Hill, New Jersey 
 THIS LEASE is made on the   1   day of June , 2021, between 3 ECCH Owner LLC, a
Delaware limited liability company (hereinafter referred to as “Landlord”); and The Real Good Food Company LLC, a California limited liability company (hereinafter referred to as “Tenant”). 

PREAMBLE 
 BASIC LEASE PROVISIONS AND
DEFINITIONS 
 In addition to other terms elsewhere defined in this Lease, the following terms whenever used in this Lease should have only the meanings set forth
in this Preamble, unless such meanings are expressly modified, limited or expanded elsewhere herein. 
 (1)    Additional
Rent: All sums in addition to Basic Rent payable by Tenant to Landlord pursuant to the provisions of this Lease for the collection of which Landlord shall have all the remedies as are permitted for the collection of Basic Rent. 

(2)    Building Hours: The Building Hours shall be any and all hours during which the tenants wish to operate provided that
such hours are not in violation of any law or any approval of Cherry Hill Township that has been granted with respect to the Land or the Building. 

(3)    Common Area(s):    Common Areas shall be all facilities that service all of the tenants in the
Building and include by way of example and not by way of limitation, the parking areas designated for common use, sidewalks, lawn and landscaped areas, hallways, stairwells, elevators, all air conditioning systems and rooms, electrical rooms and
closets and other utility rooms, janitors’ closets, telephone closets, and machine rooms, the roof, flues, stacks, pipe shafts, and vertical ducts with their enclosing walls. Tenant’s use of those Common Areas not open to all tenants is
subject to Landlord’s consent, which may be denied for any reason. Landlord may at any time close temporarily any of the Common Areas to make repairs or to prevent the dedication of the same, and may do such other acts in and to the Common
Areas as in its judgment may be desirable to improve the convenience thereof but shall always in connection therewith endeavor to minimize any inconvenience to Tenant. Landlord may change or modify the size, use, shape, or location of the Common
Areas. 
 (4)    Common Area Maintenance Costs (“CAM”): All Real Estate Taxes
assessed against the Land and the Building of which the Premises are a part of including assessments for improvements, sidewalks, parking areas, walkways, as more particularly defined in Section 3 below.    All Operating
Costs of any nature whatsoever, 

  
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including but not limited to utility and energy costs, repairs, maintenance, replacement, plant maintenance and replacement, lawn maintenance and replacement, cleaning, and other costs of
maintaining Common Areas as more particularly defined in Section 3 below. 
 (5)    Broker(s): Jones Lang LaSalle
(“Listing Broker”) and Markeim Chalmers, Inc. (“Cooperating Broker”) (collectively, the “Brokers”) 

(6)    Improvements: The building and appurtenances located at 3 Executive Campus, Cherry Hill Township, County of Camden,
State of New Jersey and anything that affixed thereto. 
 (7)    Commencement Date: The date that Landlord turns
over possession of the Premises substantially completed in accordance with Exhibit “B” attached. As used in this Lease, the terms “substantial completion” and “substantially complete” shall mean that Landlord’s
Work has been completed with the exception of minor items which can be fully completed without material interference with Tenant. Following determination of the actual Commencement Date, upon request by either Landlord or Tenant both parties hereto
shall complete, execute and deliver a Commencement Date Agreement in the form attached hereto as Exhibit D. 

(8)    Rent Commencement Date: Four (4) months following the Commencement Date. 

(9)    Demised Premises or Premises: Suite 145 containing approximately 844 gross rentable square feet, Suite 155 containing
approximately 4,920 gross rentable square feet (for a combined total of approximately 5,764 gross rentable square feet), as shown on Exhibit A hereto. 

(10)    Expiration Date: Sixty-fourth (64) months following the Commencement Date. 

(11)    Basic Rent: 
  

					
	        Lease Months        	 	  Annual Basic Rent  	 	  Monthly Basic Rent  
	0-4	 	$0	 	$0
	5-16	 	$103,752.00	 	$8,646.00
	17-28	 	$106,634.04	 	$8,886.17
	29-40	 	$109,515.96	 	$9,126.33
	41-52	 	$112,398.00	 	$9,366.50
	53-64	 	$115,280.04	 	$9,606.67

 (12)    Tenant’s Percentage: The percentage which is determined by
reference to a fraction, the numerator of which is the number of rentable square feet in the Premises and the denominator of which is the number of rentable square feet in the Building. It is acknowledged and agreed that any storage, exterior wall,
roof, garage or amenity space that is rented or offered for rent shall be excluded from the denominator. As of the date hereof, Tenant’s Percentage is 1.34%. 

  
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 (13)    Land: Lot 1, Block 68.01, on the tax map of the Cherry Hill
Township, Camden County, State of New Jersey. 
 (14)    Lease Year: As used in this Lease, Lease Year shall mean the
twelve (12) month period commencing on the Commencement Date and each twelve (12) month period thereafter. 

(15)    Permitted Use:    Suite 145: test kitchen, and for no other purpose; Suite 155: general office
and administrative purposes, and for no other purpose. 
 (16)    Term: Sixty-four (64) months, commencing on the
Commencement Date and expiring on the Expiration Date. 
 (17)    Base Year: 2021 

(18)    Security Deposit: $50,000.00 (due and payable upon Tenant’s execution of this Lease). Provided Tenant is not in
default of this Lease and no event has occurred that with the giving or notice and/or the passage of time would give rise to an event of default hereunder, and (a) in the event that Tenant provides evidence to Landlord that Tenant has become a
publicly traded entity, then promptly following Tenant’s request Landlord shall refund the entire then outstanding Security Deposit to Tenant, or (b) in the event that Tenant has paid all rent as and when due for twenty eight
(28) consecutive months from the Rent Commencement Date, then promptly following Tenant’s request Landlord shall refund fifty percent (50%) of the then outstanding Security Deposit to Tenant. 

(19)    Prepaid Rent: $8,646.00 (due and payable upon Tenant’s execution of this Lease; to be applied to the first
month’s rent following the Rent Commencement Date) 
 (20)    Notice Address For Landlord: 3 Executive Campus, Suite
130, Cherry Hill, New Jersey 08002 
 (21)     Notice Address For Tenant:
                                 [Please
provide]             

            Sean Varner, Varner & Brandt, LLP 

            3750 University Ave., Riverside, CA 92501 

(22)     Tenant Options To Renew: One (1) five (5) year option (See Section 41 hereof) 

(23)     Tenant’s Tax ID#:     [***]     [Please provide] 

  
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 (24)     Force Majeure: Those situations beyond either party’s
control, including by way of example and not limitation, acts of God, pandemics, accidents, repairs, strikes, shortages of labor, supplies or materials, inclement weather, or, where applicable, the passage of time while waiting for an adjustment of
insurance proceeds. Notwithstanding anything herein to the contrary, Force Majeure shall not apply to Tenant’s obligation to pay Rent and/or Additional Rent. 

(25)     Parking Permits. Twenty-eight (28), determined based on 4.93 spaces for each 1,000 rentable square feet in the
Premises. 
 (26)     Tenant Occupancy Level. In no event shall Tenant permit more than twenty-eight (28) (based on 4.93
persons per 1,000 rentable square feet of the Premises) people to occupy the Premises at any one time. 
 W I T N E S S E T H: 

For and in consideration of the covenants herein contained, and upon the terms and conditions herein set forth, Landlord and Tenant agree as follows:

 1.        DESCRIPTION Landlord hereby leases to Tenant, and Tenant hereby hires from
Landlord, the Demised Premises, as shown on the plan or plans, initialed by the parties hereto, marked Exhibit A attached hereto and made part of this Lease, in the building located at 3 Executive Campus, Cherry Hill Township, County of
Camden, State of New Jersey (the “Building”), together with the non-exclusive right to use the Common Areas in common with Landlord, its invitees, other tenants of the Building, and their invitees,
customers and employees. 
 2.        TERM The Premises are leased for the Term to commence on the Commencement
Date, and to end at 11:59 p.m. on the Expiration Date. 
 3.        RENT Commencing on the Rent
Commencement Date, Tenant shall pay to Landlord during the Term the Basic Rent. The Basic Rent shall be payable in advance on the first day of each calendar month in equal monthly installments, except that Basic Rent shall be prorated for the first
and last months if the Rent Commencement Date commences on a day other than the first day of a calendar month or if the Term ends on a day other than the last day of a calendar month. Tenant shall pay the Prepaid Rent (as set forth in
Section 19 of the Basic Lease Provisions) in advance upon execution of this Lease. Tenant shall pay Basic Rent, and any Additional Rent as hereinafter provided, to Landlord at Landlord’s above stated address, or at such other place as
Landlord may designate, without demand and without counterclaim, deduction or setoff. 

  
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 It is expressly agreed that Tenant will pay in addition to the Basic Rent, an additional rental to
cover Tenant’s Percentage, as defined in the Preamble, of CAM as hereinabove defined and as further described by each of the following categories: 

(A)    Operating Costs. “Operating Costs” means all reasonable and actual costs and expenses incurred by Landlord
in the operation, maintenance, and management of the Common Areas of the Building, including, by way of illustration and not of limitation: management fees, labor, including all wages and salaries; social security taxes, and other taxes which may be
levied against Landlord upon such wages and; supplies; repairs and maintenance; maintenance and service contracts; repaving, restriping, painting; wall and window washing; tools and equipment (which are not required to be capitalized for federal
income tax purposes); the cost of any loss which is the responsibility of Landlord because of the existence of commercially reasonable deductibles; fire, rent, liability and other insurance and deductibles thereunder; trash removal;
lawn care; snow removal; sums levied, assessed, imposed or required to be paid to any governmental authority on account of the parking of motor vehicles, including all sums required to be paid pursuant to transportation controls imposed by the
Environmental Protection Agency under the Clean Air Act of 1970, or otherwise required to be paid by any governmental authority with respect to the parking, use, or transportation of motor vehicles, or reduction or control of motor vehicle traffic,
or motor vehicle pollution; utility costs, and all other items properly constituting direct operating costs according to standard accounting practices, but, notwithstanding anything to the contrary herein, Operating Costs shall not include
depreciation and amortization of the Building or equipment; interest and late fees; income or excess profits taxes; costs of maintaining Landlord’s corporate existence and Landlord’s general corporate overhead; franchise, inheritance,
estate, succession, transfer and gift taxes; capital levy, margin, revenue, corporation or net profit taxes calculated upon Landlord’s net income, except to the extent such items substitute for Real Estate Taxes (as defined below) as expressly
provided in subsection (c) below; any expenditures required to be capitalized for federal income tax purposes, unless said expenditures are for the purpose of reducing Operating Costs for the Building or on the Land or are required under any
governmental law, ordinance or regulation, in which event the costs thereof shall be included. Commencing upon the Rent Commencement Date, Tenant shall pay to Landlord as Additional Rent, Tenant’s Percentage of increases in Operating Costs over
and above the Base Year. 
 Notwithstanding the foregoing, with the exception of utilities, taxes and insurance, Tenant’s share of the remaining
Operating Expenses (“Controllable Operating Expenses”) shall be subject to the following cap (the “OE Cap”): For the calendar year 2022, the OE Cap shall be four percent (4%) over the 2021 Controllable Operating Expenses, and for
each calendar year thereafter the OE Cap shall increase cumulatively by four percent (4%) per annum. For example, if 2021 Controllable Operating Expenses are 100.00, then the 2022 OE Cap shall 

  
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be $104.00 and the 2023 OE Cap shall be $108.16, etc... Tenant shall then pay Tenant’s Percentage of the increase in Controllable Operating Expenses (subject to the applicable OE Cap) over
the Base Year Controllable Operating Expenses. The OE Cap shall have no effect on non-Controllable Operating Expenses, as to which Tenant shall continue to pay Tenant’s Percentage as set forth herein.

 (B) Utilities and Electric Costs. Landlord shall provide, at no additional cost to Tenant, HVAC services to the Premises between the hours
of 8 am and 6 pm Monday through Friday except on the following holidays: Christmas Day, Thanksgiving Day, Labor Day, Memorial Day, New Year’s Day and July 4th. Any overtime HVAC shall be
requested by Tenant in writing and shall be billed back to Tenant monthly at $75.00 per hour per Suite (provided however that Landlord may increase such hourly charge from time to time to reflect increases in the costs of electricity). Tenant shall
pay to Landlord as a CAM charge constituting Additional Rent, Tenant’s Percentage of electricity costs to the Building and the other Improvements (including the Premises). As of the date hereof the electrical cost is $3.00 per rentable square
foot per annum. The electric cost shall be due and payable monthly commencing upon the Commencement Date (notwithstanding the Rent Commencement Date may occur at a later date). The electric charge shall be
pro-rated from the Commencement Date through the last day of the month in which the Commencement Date occurs. Thereafter the electric cost shall be due and payable on the first day of each month of the Term
and shall be payable in advance on the first day of each calendar month. The electric costs shall be reconciled annually as set forth in Section 3(E) hereof. If any utilities serving the Premises are separately metered, then Tenant shall pay
all charges for such utilities directly to the applicable utility company. 
 (C) Taxes. Tenant shall pay to Landlord as a CAM charge
constituting Additional Rent, Tenant’s Percentage of increases in Real Estate Taxes for the Building and Land at which the Demised Premises are located above the Base Year. “Real Estate Taxes” include, but are not limited to, real
estate, city, county, village, school and transit taxes, or taxes, assessments or charges levied, imposed, or assessed against the Building and Land by any other taxing authority, whether general or specific, ordinary or extraordinary, foreseen or
unforeseen. Notwithstanding the foregoing, Real Estate Taxes shall not include franchise, inheritance, estate, succession, transfer and gift taxes, capital levy, margin, revenue, corporation or net profit taxes calculated upon Landlord’s
net income; provided, however, if due to a future change in the method of taxation, any franchise, income or profit tax shall be levied against Landlord in substitution for, or in lieu of any tax which would otherwise constitute a Real Estate Tax,
such franchise, income or profit tax shall be deemed to be a Real Estate tax for the purposes hereof; conversely, any additional real estate tax hereafter imposed in substitution for, or in lieu of, any franchise, income or profit tax (which is not
in substitution for, or in lieu of, a Real Estate tax as hereinbefore provided) shall not be deemed a Real Estate tax for the purposes hereof. 

  
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 Notwithstanding anything contained herein to the contrary, Tenant shall assume and pay to Landlord in
full at the time of paying the Basic Rent any excise, sales, use, gross receipts or other taxes (other than a net income or excess profits tax) which may be imposed on or measured by such Basic Rent or Additional Rent or may be imposed on Landlord
or on account of the letting or which Landlord may be required to pay or collect under any law now in effect or hereafter enacted. 

(D)    In the event any lease period is less than twelve (12) months, then the CAM shall be adjusted to equal the proportion
that said period bears to twelve (12) months, and Tenant shall pay to Landlord as Additional Rent for such period, an amount equal to Tenant’s Percentage of the CAM for said period with respect to each of the aforesaid categories. 

(E)    Payment. At any time, and from time to time, Landlord shall advise Tenant in writing of Tenant’s Percentage with
respect to CAM as estimated for the current calendar year as then known to Landlord, and thereafter, Tenant shall pay as Additional Rent, Tenant’s Percentage, of CAM for the then current period affected by such advice (as the same may be
periodically revised by Landlord as additional costs are incurred) in equal monthly installments of Additional Rent on the first day of each month, such new rates being applied to any months for which the monthly Basic Rent shall have already been
paid which are affected by any escalation in Operating Costs, utility and energy costs or Real Estate Taxes. The adjustment for the then expired months shall be made at the payment of the next succeeding installment of Basic Rent, all subject to
final adjustment at the expiration of each calendar year. 
 (F)    Books and Records. Landlord shall maintain books of
account which shall be open to Tenant and its representatives at all reasonable times so that Tenant can determine that such CAM charges have, in fact, been paid or incurred. Any disagreement with respect to any one or more of said charges if not
satisfactorily settled between Landlord and Tenant, shall be referred by either party to an independent certified public accountant to be mutually agreed upon in good faith by Landlord and Tenant. Pending resolution of said dispute, Tenant shall pay
to Landlord the sum so billed by Landlord subject to its ultimate resolution as aforesaid. If it is determined by such independent certified public accountant that any CAM charge by the Landlord was incorrect, Landlord shall promptly (but in any
event within thirty (30) days after the accountant’s determination) repay to Tenant the amount of such charge. 
 (G)
    Right of Review. Once Landlord shall have finally determined CAM at the expiration of a calendar year it shall so notify Tenant of such determination and Tenant specifically waives any right to dispute any such charge
more than twelve (12) months after the date of the notice of such determination. 

  
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 (H)    Tenant’s percentage allocation of Operating Costs shall be based one
hundred percent (100%) occupancy of the Building. Operating Costs that vary with occupancy and which are attributable to any part of the Term of this Lease in which less than one hundred percent (100%) of the net rentable area of the Building is
occupied by tenants shall be adjusted by Landlord to the amount which Landlord reasonably believes such Operating Costs would have been if one hundred percent (100%) of the net rentable area of the Building had been so occupied and the tenants
therein paying full rent without regard to any rental abatements. Notwithstanding the foregoing, Landlord shall not collect or be entitled to collect more than one hundred percent (100%) of the Operating Costs actually paid by Landlord in connection
with the operation of the Building. 
 4.    USE AND OCCUPANCY Tenant shall use and occupy Premises for the Permitted Use and for no
other purpose. Tenant shall not use or permit the use of the Premises or any part thereof in any way which would violate any certificate of occupancy for the Building or Premises, or any of the covenants, agreements, terms, provisions and conditions
of this Lease or for any unlawful purposes or in any unlawful manner and Tenant shall not suffer or permit the Premises or any part thereof to be used in any manner or anything to be done therein or suffer or permit anything to be brought into or
kept in the Premises which, in the reasonable judgment of Landlord, shall in any way impair the character, reputation or appearance of the Building, impair or interfere with any of the Building services or the proper and economic heating, cleaning,
air conditioning or other servicing of the Building or the Premises, or impair or interfere with the use of any of the other areas of the Building by, or occasional discomfort, inconvenience or annoyance to, any of the other tenants or occupants of
the Building, if any. 
 Tenant shall, with commercially reasonable diligence, perform all work for which it is responsible, as described and in
accordance with the requirements set forth in Exhibit C hereto (“Tenant’s Work”), in order to prepare Demised Premises for the opening of business. 

5.    ENVIRONMENTAL 
 (A) Landlord
warrants that, to the best of its knowledge, there is no Hazardous Substances (as defined below) in or around the Premises. Tenant covenants to commit no act of waste and to take good care of the Premises and the fixtures and appurtenances thereon,
and shall, in the use and occupancy of the Premises comply with all present and future laws, orders and regulations of the federal, state and municipal governments or any of their departments affecting the Premises and with any and all environmental
requirements resulting from the Tenant’s use of the Premises. This covenant shall survive the expiration or sooner termination of this Lease. With respect to Hazardous Substances and/or environmental laws, Landlord shall make all necessary
repairs to the Premises and to the Common Areas, to include but not be limited to, repairs to all Improvements outside of the Building, including to the parking 

  
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lot, sidewalks, landscaped areas, the roof, windows and other structural portions of the Building and to the Building systems (including the heating, ventilating and air conditioning, electrical
and plumbing lines) unless said systems service only the Premises, except where the repair has been made necessary by misuse or neglect by Tenant or Tenant’s agents, servants, visitors or licensees, in which event Landlord shall nevertheless
make the repair but Tenant shall pay to Landlord, as Additional Rent, within thirty (30) days after demand including reasonable supporting documentation, the reasonable and actual cost therefor (net of any insurance proceeds which Landlord may
receive on account of such repair). Landlord shall comply with all present and future laws, orders and regulations of the federal, state and municipal governments or any of their departments affecting Hazardous Substances in the Common Areas, except
where the need for such compliance has been made necessary by the specific manner of Tenant’s use, in which case Landlord shall effect the compliance but Tenant shall pay to Landlord, as Additional Rent, immediately upon demand, the costs
thereof. 
 (B) Tenant acknowledges the existence of environmental laws, rules and regulations. Tenant shall comply with any and all such laws, rules
and regulations. 
 (C) Tenant agrees not to generate, store, manufacture, refine, transport, treat, dispose of, or otherwise permit to be present on
or about the Premises, any Hazardous Substances. As used herein, “Hazardous Substances” shall be defined as any “hazardous chemical,” “hazardous substance” or similar term as defined in the Comprehensive Environmental
Responsibility Compensation and Liability Act, as amended (42 U.S.C. 9601, et seq.), the New Jersey Environmental Cleanup Responsibility Act, as amended, N.J.S.A. 13:1K-6 et seq. and/or the
Industrial Site Recovery Act (“ISRA”), the New Jersey Spill Compensation and Control Act, as amended, N.J.S.A. 58:10-23.11b, et seq., any rules or regulations promulgated thereunder, or in any
other applicable federal, state or local law, rule or regulation dealing with environmental protection. Hazardous Substances shall not include office supplies, cleaning supplies, and other similar supplies and materials used in the ordinary course
of Tenant’s business. It is understood and agreed that the provisions contained in this Section shall be applicable notwithstanding the fact that any substance shall not be deemed to be a Hazardous Substance at the time of its use by the Tenant
but shall thereafter be deemed to be a Hazardous Substance. 
 (D) In the event Tenant fails to comply with any governmental law relating to Hazardous
Substances applicable to Tenant as of the termination or sooner expiration of the Lease and as a consequence thereof Landlord is unable to rent the Demised Premises, then the Landlord shall treat the Tenant as one who has not removed at the end of
its Term, and thereupon be entitled to all remedies against the Tenant provided by law in that situation including a monthly rental of one hundred fifty (150%) percent of the Basic Rent for the last month of the Term of this Lease or any renewal
term (plus any Additional Rents), payable in advance on the first day of each month, until such time as Tenant provides Landlord with a negative declaration or confirmation that any required clean-up plan has
been successfully completed. 

  
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 (E) Tenant agrees to defend, indemnify and hold harmless Landlord and each mortgagee of the Premises
from and against any and all liabilities, damages, claims, losses, judgments, causes of action, costs and expenses (including the reasonable fees and expenses of counsel) which may be incurred by the Landlord or any such mortgagee or threatened
against Landlord or such mortgagee, relating to or arising out of any breach by Tenant of the undertakings set forth in this Section, said indemnity to survive the Lease expiration or sooner termination. 

(F) Notwithstanding anything contained herein to the contrary, Tenant shall have no responsibility for any cost or expense for any Hazardous Substance
or environmental condition caused or created by Landlord or Landlord’s agents, employees or contractors, or determined to have been in existence at the Premises prior to the Commencement Date of this Lease. Landlord agrees to defend, indemnify
and hold harmless Tenant from and against any and all liabilities, damages, claims, losses, judgments, causes of action, costs and expenses (including the reasonable fees and expenses of counsel, environmental cleanup costs, administrative and
remediation costs, fines and penalties levied or assessed by the NJDEP or other state or federal administrative agencies having jurisdiction with respect to the Demised Premises) which may be incurred by Tenant as a result of said pre-existing Hazardous Substance or pre-existing condition caused or created by Landlord, Landlord’s agents, employees or contractors. Tenant agrees to notify Landlord
immediately upon the discovery of any such pre-existing Hazardous Substance or environmental condition. 
 6.
    ALTERATIONS, ADDITIONS OR IMPROVEMENTS 
 (A) Tenant shall not, without first obtaining the written consent
of Landlord, make any alterations, additions or improvements in, to or about the Premises. Provided Tenant first provides Landlord with written plans or information detailing any proposed alterations, additions or improvements, Landlord shall not
unreasonably withhold, condition or delay its consent. For purposes hereof, Landlord shall not be deemed to have unreasonably withheld its consent if the proposed alteration, addition or improvement impacts any structural portion of the Building or
any Building system, including by way of example but not limitation, the HVAC, plumbing or electrical systems. Nothing herein contained shall be construed to prevent Tenant from making cosmetic or decorative changes (e.g., painting, wall covering)
to the interior of the Premises without Landlord’s prior written approval. All alterations of the exterior of the Premises are subject to the Landlord’s prior written approval. Notwithstanding the foregoing, Tenant shall have the right to
erect or install such signage as shall be allowed by law which cannot be seen from the street in the interior of the Lease Premises. Landlord shall install (i) an electric sign on the main lobby directory of the Building on Tenant’s
behalf, and (ii) signage on Tenant’s suite entry door, at the cost and expense of Landlord. Such sign shall be comparable in size and appearance with the existing signs in the Building. Tenant shall not have the right to construct, erect,
place, put, or maintain any sign inside or outside of the Building without the prior written 

  
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consent of Landlord, which may be withheld in its sole discretion. Any and all alterations to the Premises shall be performed in accordance with the requirements of Exhibit C hereto. 

(B) Tenant Improvements. All improvements made by Tenant to the Premises, which are so attached to the Premises that they cannot be removed
without material injury to the Premises, shall become the property of Landlord upon installation, whether paid for in whole or in part by Tenant, and shall be and remain a part of the Premises and the property of Landlord. Not later than the last
day of the Term, Tenant shall, at Tenant’s expense, remove all Tenant’s personal property and those improvements made by Tenant which have not become the property of Landlord, including trade fixtures (other than built-in cabinetwork), and movable paneling partitions, and all IT wiring; repair all injury done by or in connection with the installation or removal of said property, improvements, and the like; cap or terminate
all electrical and telephone connections at service entry panels as required by law; and surrender the Premises in as good condition as they were at the beginning of the Term, reasonable wear and tear, and damage by fire, the elements, casualty, or
other cause not due to the misuse or neglect by Tenant, Tenant’s agents, servants, visitors or licensees excepted. All other property of Tenant remaining on the Premises after the last day of the Term of this Lease shall be conclusively deemed
abandoned and may be removed by Landlord, and Tenant shall reimburse Landlord for the actual cost of such removal. Landlord may have any such property stored at Tenant’s risk and expense. 

7.    ASSIGNMENT AND SUBLEASE Tenant may not mortgage, pledge, hypothecate, assign, transfer, license, sublet or otherwise deal with
this Lease or the Premises in any manner except as follows: 
 (A)    In the event that Tenant desires to sublease the whole or
any portion of the Premises or assign the Lease to any other party, the terms and conditions of such sublease or assignment shall be communicated to Landlord in writing at least fifteen (15) days before the proposed sublease or assignment is to
take effect. Provided that in Tenant’s request for approval of a proposed sublease or assignment Tenant cites this Section 7(A) and explicitly informs Landlord of this fifteen (15) day requirement, then if Landlord fails to timely
object to a proposed sublease or assignment, Landlord’s shall be deemed to have consented to such sublease or assignment. Any proposed sublease or assignment shall be subject to Landlord’s prior written consent, which may not be
unreasonably withheld, conditioned or delayed and subject to the consent of any mortgagee, trust deed holder or ground Landlord, on the basis of the following terms and conditions: 

(1)The Tenant shall provide to Landlord the name and address of the assignee or subtenant. 

  
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 (2)The assignee shall assume, by written instrument in form and substance acceptable to Landlord, all
of the obligations of this Lease, and a copy of such assumption agreement shall be furnished to Landlord on or prior to the effective date of such assignment. Any sublease shall expressly acknowledge that said subtenant’s rights against the
Landlord shall be no greater than those of the Tenant. 
 (3)The Tenant and each assignee shall be and remain liable for the observance of all the
covenants and provisions of this Lease, including, but not limited to, the payment of Basic Rent and Additional Rent reserved herein, as and when required to be paid, through the entire Term of this Lease, as the same may be renewed, extended or
otherwise modified. 
 (4) The Tenant and any assignee shall pay to Landlord, upon application for approval of an assignment or sublease, a fee of
$1,000.00, which shall non-refundable regardless of whether or not Landlord’s consent is provided. 

(5) In any event, the acceptance by Landlord of any rent (Basic and Additional) from the assignee or from any of the subtenants or the failure of
Landlord to insist upon a strict performance of any of the terms, conditions and covenants herein shall not release Tenant herein, nor any assignee assuming this Lease, from any and all of the obligations herein during and for the entire Term of
this Lease. 
 (6) Tenant shall have no claim, and hereby waives the right to any claim; against Landlord for money damages by reason of any
reasonable refusal, withholding or delaying by Landlord of any consent, and in such event, Tenant’s only remedies therefore shall be an action for specific performance, injunction or declaratory judgment to enforce any such requirement.
Landlord acknowledges that Tenant may commence such action by way of an expedited proceeding (e.g. Order to Show Cause) before the Superior Court of New Jersey, Camden County and Landlord shall take all reasonable actions (including acceptance of a
Verified Complaint and an Order to Show Cause) requested by Tenant to ensure that such dispute is heard before the Superior Court in such an expedited proceeding. Landlord and Tenant further agree that the determination of such Court shall be final
and non-appealable. 
 (B)    Except as specifically provided for herein, no portion of
the Demised Premises or of Tenant’s interest in this Lease may be acquired by any other person or entity, whether by assignment, mortgage, sublease, transfer, operation of law or act of the Tenant, nor shall Tenant pledge its interest in this
Lease or in any security deposit required hereunder. 

  
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 (C)    In the event that this Lease shall be assigned or that any portion of the
Premises shall be sublet by Tenant, it is expressly understood that it shall be reasonable for Landlord to require that a security deposit in an amount equal to three (3) months of the base rent be delivered by the assignee or subtenant as a
condition for the assignment/sublease. 
 8.    COMPLIANCE WITH RULES AND REGULATIONS Tenant shall observe and comply with any
reasonable rules and regulations as Landlord may prescribe, on written notice to Tenant, for the safety, care and cleanliness of the Building and Improvements and the comfort, quiet, convenience, quality and enjoyment of other occupants of the
Building. The initial rules and regulations are attached hereto as Exhibit F. Tenant shall not place a load upon any floor of the Demised Premises exceeding the floor load per square foot area which it was designed to carry and which is allowed by
law. Such installations shall be placed and maintained by Tenant, at Tenant’s expense, in settings sufficient, in Landlord’s judgment, to absorb and prevent vibration, noise and annoyance. 

9.     DAMAGES TO BUILDING/WAIVER OF SUBROGATION If the Building is damaged by fire or any other cause to such extent that the cost of
restoration, as reasonably estimated by Landlord, will equal or exceed twenty-five (25%) percent of the replacement value of the Building (exclusive of foundations) just prior to the occurrence of the damage
or if any damage to the Premises costing more than Fifty Thousand and 00/100 ($50,000.00) Dollars occurs within the last twelve (12) months of the Term, then Landlord may, no later than the sixtieth (60th) day following the damage, give Tenant
a notice of election to terminate this Lease. In the event of such election, this Lease shall be deemed to terminate on the thirtieth (30th) day after the giving of said notice, and Tenant shall surrender possession of the Premises on or prior to
such date; and the Basic Rent and any Additional Rent shall be apportioned as of the date of such damage. If the cost of restoration shall not entitle Landlord to terminate this Lease or if, despite the cost, Landlord does not elect to terminate
this Lease pursuant to any right contained herein, Landlord shall restore the Building and the Premises with reasonable promptness, subject to Force Majeure and further subject to the availability and adequacy of the insurance proceeds and Tenant
shall have no right to terminate this Lease, except as specifically set forth above and as follows: In the event that following a casualty Landlord elects to make such repairs and Landlord’s repairs are not substantially completed within one
hundred eighty (180) days following the casualty (which date will be extended to the extent the work is in progress and Landlord is diligently pursuing the completion of same), then Tenant may elect to terminate this Lease by providing 30
days’ written notice to Landlord of such election. Landlord need not restore fixtures and improvements owned by Tenant. 

  
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 In any case in which use of the interior of the Premises is affected by any casualty to the Building,
there shall be an equitable adjustment in Basic Rent and an equitable reduction in the CAM depending on the period for which and the extent to which the interior of the Premises is not reasonably usable or accessible for the purpose for which they
are leased hereunder. The words “restoration” and “restore” as used in this Section shall include repairs. If the damage results from the fault of Tenant or Tenant’s agents, servants or licensees, Tenant shall not be
entitled to any abatement or reduction in Basic Rent, except to the extent of any rent insurance received by Landlord. 
 Except as provided in
Section 5 hereof, notwithstanding the provisions of this Section 9 of this Lease or any other provision of this Lease, in the event of any loss or damage to the Building, the Premises and/or any contents, each party waives all claims
against the other and its or their agents, servants, employees and partners for any such loss or damage and each party shall look only to any insurance which it has obtained to protect against such loss (or in the case of Tenant, waives all claims
against any tenant of the Building that has similarly waived claims against such Tenant) and each party shall obtain, for each policy of such insurance, provisions waiving any claims against the other party (and against any other tenant[s] in the
Building that has waived subrogation against the Tenant) for loss or damage within the scope of such insurance. 
 10.    EMINENT
DOMAIN In the event that the whole of the Land and the Building or any portion of the Premises shall be lawfully condemned or taken in any manner for any public or quasi-public use (a “Taking” or “Taken”), this Lease and
the term and estate hereby granted shall forthwith cease and terminate as of the date of vesting of title. In the event that a part of the Land or Building shall be so Taken, then Landlord (whether or not the Premises be affected) may at
Landlord’s option terminate this Lease and the term and estate hereby granted as of the date of such vesting of title by notifying Tenant in writing of such termination within sixty (60) days following the date on which Landlord shall have
received notice of vesting of title. If Landlord does not so elect to terminate this Lease, as aforesaid, this Lease shall be and remain unaffected by such Taking, and the rent payable hereunder shall not be abated. In the event of any Taking of all
or a part of the Land and the Building (which may include the Premises), Landlord (or the mortgagee of any interest in the Land and/or the Building, if pursuant to the terms of the mortgage, or if pursuant to terms of the mortgage, or if pursuant to
law, mortgagee is entitled to receive all or a portion of the condemnation award), shall be entitled to receive the entire award in the condemnation proceeding. Tenant hereby expressly assigns to Landlord or to the mortgagee, as provided above any
and all right, title and interest of Tenant now or hereafter arising in or to any such award or any part thereof. Tenant shall not be entitled to receive any part of such award from Landlord, the mortgagee, or the condemning authority. Tenant shall
not have the right to participate in the condemnation proceeding. Notwithstanding the foregoing, Tenant may bring a separate claim for a separate award against the Taking authority for the value of the estate vested by this Lease in Tenant and any
fixtures or improvements made by Tenant, provided such claim and/or award does not impact Landlord’s award. 

  
 14 

 11.    INSOLVENCY OF TENANT If any of the following events occur, they shall
constitute a default under this Lease: (a) the appointment of a receiver to take possession of all or substantially all of the assets of Tenant, or (b) a general assignment by Tenant for the benefit of creditors, or (c) any action
taken or suffered by Tenant under any insolvency or bankruptcy act (unless, in the case of an action filed against Tenant, the same is dismissed within thirty (30) days of filing), shall constitute a default of this Lease by Tenant, and
Landlord may terminate this Lease forthwith and upon notice of such termination Tenant’s right to possession of the Demised Premises shall cease, and Tenant shall then quit and surrender the Premises to Landlord but Tenant shall remain liable
as hereinafter provided in Section 12 hereof. 
 12.    DEFAULT / LANDLORD’S REMEDIES ON
DEFAULT In the event that Tenant does not deliver any payment of Basic Rent or any Additional Rent to Landlord within ten (10) days of its due date, same shall constitute a default hereunder, without notice. In the event that Tenant
fails to perform any of the other covenants and conditions hereof or permits the Premises to become deserted, abandoned or vacated (except in the event of a casualty), Landlord may give Tenant a written notice, and if Tenant does not perform such
covenant within thirty (30) days after delivery of such notice (or if such other failure to perform is of such nature that it cannot be remedied within such thirty (30) day period and Tenant commences to remedy such non-performance within such thirty (30) day period and thereafter proceeds with reasonable diligence and in good faith to perform, then such thirty (30) day period shall be extended for an additional sixty
(60) days), same shall constitute a default hereunder. In the event of such a default beyond the applicable notice and cure period, Landlord may terminate this Lease on not less than ten (10) days’ written notice to Tenant, and on the
date specified in said notice, Tenant’s right to possession of the Demised Premises shall cease, and Tenant shall then quit and surrender the Premises to Landlord, but Tenant shall remain liable as hereinafter provided. If this Lease shall have
been so terminated by Landlord pursuant to Sections 11 or 12 hereof, Landlord may at any time thereafter resume possession of the Premises by any lawful means and remove Tenant or other occupants and their effects. Tenant hereby waives all right of
redemption to which Tenant or any person under Tenant might be entitled by any law now or hereafter in force. If Landlord shall pay any monies or incur any expenses, including attorney’s fees and costs, in connection with the enforcement of any
violation of any covenant, undertaking, obligation or agreement of Tenant as set forth in, and due by Tenant, under this Lease, the amounts so paid or incurred, shall be considered Additional Rent payable by Tenant with the next installment of rent
thereafter to become due and payable and may be collected or enforced as by provided law with respect to payment of rent. Landlord’s remedies hereunder are in addition to any remedy allowed by law and/or in equity. 

In the event of any litigation (including all appeals) arising out of this Lease and involving Landlord and Tenant, the prevailing party shall be
entitled to receive all costs incurred, including reasonable attorney’s fees. 

  
 15 

 13.    SUBORDINATION OF LEASE This Lease and any option contained herein shall be
subject and subordinate to any mortgage and/or trust deed which may now or hereafter affect the real property of which the Premises form a part, and also to all renewals, modifications, consolidations and replacements of said mortgage or trust deed.
In the event of the sale, transfer or assignment of Landlord’s interest in the Demised Premises, or all or any portion of the real property of which it is a part, or in the event any proceedings are brought for the foreclosure of or for the
exercise of any power of sale under any mortgage on the Demised Premises or such real property, at the option of the mortgagee Tenant shall attorn to the respective transferee, assignee or purchaser and recognize such party as Landlord under this
Lease (to the extent applicable). Although no instrument or act on the part of Tenant shall be necessary to effectuate such subordination and attornment, Tenant will, nevertheless, execute and deliver such further instruments confirming such
subordination of this Lease and attornment as may be reasonably requested by the holders of said mortgage or trust deed consistent with the provisions of this Lease, provided that such party provides the Tenant with a non disturbance agreement in
form and substance reasonably required by such holders. If Tenant fails to execute and deliver any such documents or instruments within ten (10) days after written request therefore, at Landlord’s option, such shall be considered to be
default by Tenant under this Lease (without any further obligation for notice and/or right to cure). 
 14.     SECURITY DEPOSIT.
Landlord acknowledges receipt, subject to clearance if by check, from Tenant of an amount as specified in the Basic Lease Provisions hereof as the Security Deposit, such amount as partial consideration for Landlord to enter into this Lease, and
which is to be held as collateral security for the payment of any rentals and other sums of money payable by Tenant under this Lease and for the faithful performance of all other covenants and agreements of Tenant hereunder; amount of said Security
Deposit without interest to be repaid to Tenant after the termination of this Lease and any renewal thereof, provided Tenant shall have made all such payments, performed all such covenants and agreement and left Demised Premises in same physical
condition as when Tenant first occupied Demised Premises, normal wear and tear excepted, and has made no modifications requiring a building permit without first obtaining such permit and consent of Landlord. Upon any default by Tenant hereunder,
after expiration of any applicable notice or cure period set forth herein, all or part of said Security Deposit may at Landlord’s sole option, be applied on account of such defaults, and thereafter Tenant shall promptly restore the resulting
deficiency in Security Deposit. Tenant hereby irrevocably waives the benefit of any provision of law requiring such Security Deposit to be held in escrow or by a third party, and said Security Deposit shall (subject to the terms and conditions set
forth herein) remain the property of Tenant, but may be co-mingled by Landlord (with its own funds). In the event that Landlord’s interest in the Demised Premises be sold, Landlord may deliver or merely
credit the funds deposited hereunder by Tenant to the purchaser of Landlord’s interest; and, thereupon, provided such purchaser acknowledges receipt of the Security Deposit, Landlord shall by virtue of such circumstance and these terms fully,
finally, and 

  
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absolutely be discharged from any further liability with respect to such Security Deposit; and this provision shall also apply to the benefit of any and all other deposits; and this provision
shall also apply to the benefit of any and all subsequent transferees. Tenant agrees that Tenant will look solely to the Landlord or its successor(s) in interest, as applicable, for the return of its Security Deposit, and not in any event to any
mortgagee who has assumed Landlord’s position, either by mortgagee in possession, foreclosure or the acceptance of a deed in lieu thereof, unless said mortgagee shall have first in writing actually acknowledged receipt of that specific Security
Deposit. Tenant further agrees that Security Deposit cannot be used as last month’s rent. 
 15.    RIGHT TO CURE
TENANT’S BREACH If Tenant breaches any covenant or condition of this Lease beyond applicable notice and cure periods, Landlord may, on reasonable notice to Tenant (except that no notice need be given in case
of emergency), cure such breach at the expense of Tenant and the reasonable and actual amount of all expenses, including reasonable attorneys’ fees, incurred by Landlord in so doing (whether paid by Landlord or not) shall be deemed Additional
Rent payable on demand. 
 16.     LIENS Tenant shall not do any act, or make any contract, which may create or be the foundation
for any lien or other encumbrance upon any interest of Landlord or any ground or underlying Landlord in any portion of the Premises. If, because of any act or omission (or alleged act or omission) of Tenant, any Construction Lien Claim or other lien
(collectively “Lien”), charge, or order for the payment of money or other encumbrance shall be filed against Landlord and/or any ground or underlying Landlord and/or any portion of the Premises (whether or not such Lien, charge, order, or
encumbrance is valid or enforceable as such), Tenant shall, at its own cost and expense, cause same to be discharged of record or bonded within thirty (30) days after the filing thereof; and Tenant shall indemnify and save harmless Landlord and
all ground and underlying Landlord(s) against and from all costs, liabilities, suits, penalties, claims, and demands, including reasonable counsel fees, resulting therefrom. If Tenant fails to comply with the foregoing provisions, Landlord shall
have the option of discharging or bonding any such Lien, charge, order, or encumbrance, and Tenant agrees to reimburse Landlord for all actual and reasonable costs, expenses and other sums of money in connection therewith (as additional rental) with
interest at the maximum rate permitted by law promptly upon demand. All materialmen, contractors, artisans, mechanics, laborers, and any other persons now or hereafter contracting with Tenant or any contractor or subcontractor of
Tenant for the furnishing of any labor services, materials, supplies, or equipment with respect to any portion of the Premises, at any time from the date hereof until the end of the Term, are hereby charged with notice that they look exclusively to
Tenant to obtain payment for same. 
 17.    RIGHT TO INSPECT AND REPAIR Landlord may enter the Premises but shall not be obligated
to do so (except as required by any specific provision of this Lease) at any reasonable time upon no less than 48 hours’ prior written notice to Tenant (except in the event of an emergency in which event no notice is required) for the purpose
of 

  
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inspection or the making of such repairs, replacement or additions, in, to, on and about the Premises or the Building, as Landlord deems necessary or desirable. Landlord’s entry into the
Premises shall not unreasonably interfere with Tenant’s business and operations upon the Premises. A representative of Tenant may accompany Landlord during its inspection of any portion of the Premises where such unaccompanied entry by Landlord
is restricted by applicable law. 
 18.     INTERRUPTION OF SERVICES OR USE Interruption or curtailment of any service maintained in
the Building or at the Land, if caused by Force Majeure, shall not entitle Tenant to any claim against Landlord or to any abatement of Basic Rent or Additional Rent, and shall not constitute a constructive or partial eviction, unless Landlord fails
to take reasonable measures under the circumstances to restore the service or as otherwise set forth in this Section 18. If Landlord fails to take such reasonable measures under the circumstances to restore the curtailed service, Tenant’s
remedies shall be limited to an equitable abatement of Basic Rent and Additional Rent for the duration of the curtailment beyond said reasonable period to the extent such Premises are not reasonably usable or accessible by Tenant. If the Premises
are rendered untenable or inaccessible in whole or in part, for a period of two (2) consecutive business days, by the making of repairs, replacements or additions, other than those made with Tenant’s consent or caused by misuse or neglect
by Tenant, or Tenant’s agents, servants, visitors or licensees, there shall be a proportionate abatement of Basic Rent and Additional Rent from and after said second (2nd) consecutive
business day and continuing for the period of such untenability or inaccessibility. In no event shall Tenant be entitled to claim a constructive eviction from the Premises unless Tenant shall first have notified Landlord in writing of the condition
or conditions giving rise thereto, and, if the complaints be justified, unless Landlord shall have failed, within a reasonable time after receipt of such notice, to remedy, or commence and proceed with due diligence to remedy, such condition or
conditions. Any time limits required to be met by either party pursuant to this Section 18 shall, unless specifically stated to the contrary elsewhere in this Lease, be automatically extended by the number of days by which any performance
called for is delayed due to Force Majeure. The remedies provided for in this Section 18 shall be Tenant’s sole remedies for any interruption of service or use as described above. 

19.     TENANT’S ESTOPPEL. Tenant shall, from time to time, within ten (10) days of Landlord’s written request,
execute, acknowledge and deliver to Landlord a written statement certifying that the Lease is unmodified and in full force and effect, or that the Lease is in full force and effect as modified and listing the instruments of modification; the dates
to which the Basic Rent and Additional Rent and charges have been paid; and, to the best of Tenant’s knowledge, whether or not Landlord is in default hereunder, and if so, specifying the nature of the default and any such other reasonable
information as Landlord may request. It is intended that any such statement delivered pursuant to this Section may be relied on by a prospective purchaser of Landlord’s interest or mortgagee of Landlord’s interest or assignee of any
mortgage of Landlord’s interest. 

  
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 Tenant’s failure to deliver such statement within such time shall be conclusive upon Tenant that:
(i) this Lease is in full force and effect and not modified except as Landlord may represent; (ii) not more than one month’s Basic Rent payment has been paid in advance; and (iii) there are no such defaults. Notwithstanding the
presumptions of this Section, Tenant shall not be relieved of its obligation to deliver said statement. 
 20.    HOLDOVER TENANCY
If Tenant holds possession of the Premises after the Term of this Lease, Tenant, at Landlord’s option, shall become a tenant from month to month under the provisions herein provided, but at a Monthly Basic Rent as provided for pursuant to
N.J.S.A. 2A:42-6 and without the requirement for demand or notice by Landlord to Tenant demanding delivery of possession of said Premises (but Additional Rent shall continue as provided in this Lease), which
sum shall be payable in advance on the first day of each month, and such tenancy shall continue until terminated by Landlord by notice to Tenant given at least thirty (30) days prior to the intended date of termination, or until Tenant shall
have given to Landlord, at least sixty (60) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month. The time limitations described
in this Section 20 shall not be subject to extension for Force Majeure. 
 21.    RIGHT TO SHOW PREMISES Landlord may show the
Premises to prospective purchasers and mortgagees upon 48 hours’ prior written notice to Tenant; and, during the nine (9) months prior to termination of this Lease, to prospective tenants, during Building Hours on reasonable notice to and
provided that such showing does not unreasonably interfere with Tenant’s business and operations upon the Premises. 
 22.    CONDITION
OF PREMISES. 
 (A)    The Premises shall be accepted by Tenant in its as-is
condition except as set forth in Exhibit “B” hereof to the contrary. Notwithstanding the foregoing, nothing herein shall relieve Landlord from its obligation to repair latent defects in the Premises and subject to Landlord’s
obligations in Section 22(D) below. 
 (B)    Prior to the Commencement Date, Tenant will inspect the Demised Premises and
its acceptance of the occupancy of the Premises shall be deemed to be an acknowledgment that it is fully familiar with its condition and except as explicitly stated in this Agreement, including Exhibits, to the contrary is leasing same in its then “AS-IS” condition. 
 (C)    Tenant shall, at Tenant’s sole cost and expense,
keep the Premises and every part thereof in good condition and repair, ordinary wear and tear, casualty and condemnation excepted, and in compliance with all applicable laws. Tenant shall upon the expiration or sooner termination of this Lease
hereof surrender the Premises to the Landlord in good condition, ordinary wear and tear, casualty and condemnation excepted. Except as set forth in Section 22(D) and Exhibit “B”, Landlord shall have no obligation whatsoever to alter,
remodel, improve, repair, decorate or paint the Premises or any part thereof and the parties hereto affirm that Landlord has made no representations to Tenant respecting the condition of the Premises or the Building. 

  
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 (D)     Notwithstanding the provisions of Section 22(C) hereof, Landlord
shall repair and maintain the structural portions of the Building, including the basic plumbing, air conditioning, heating, and electrical systems, installed or furnished by Landlord, to the point of connection for services to the Premises, unless
such maintenance and repairs are caused in part or in whole by the act, neglect, fault or omission of the Tenant, its agents, servants or employees, in which case Tenant shall directly and individually, pay to Landlord the reasonable cost of such
maintenance and repairs. Landlord shall not be liable for any failure to make any such repairs or to perform any maintenance unless such failure shall persist for an unreasonable time after written notice of the need of such repairs or maintenance
is given to Landlord by Tenant. Except as may be hereinafter provided, there shall be no abatement of Rent and no liability of Landlord by reason of any injury to or interference with Tenant’s business arising from the making of any repairs,
alterations or improvements in or to any portion of the Building or the Premises or in or to fixtures, appurtenances and equipment therein. Tenant waives the right to make repairs at Landlord’s expense under any law, statute or ordinance now or
hereafter in effect. 
 (E)    Landlord shall be responsible for the janitorial services for the Premises described in Exhibit
“E” hereto. Tenant shall pay monthly in advance Additional Rent of $0.85/sf per annum ($408.28 per month) for janitorial services from the Commencement Date through the Rent Commencement Date. 

23.    WAIVER OF JURY TRIAL/NON-MANDATORY COUNTERCLAIMS If Landlord commences any summary
proceedings or an action for nonpayment of Rent, Tenant shall not interpose any non-mandatory counterclaim of any nature or description in any such proceedings or action. Tenant and Landlord both waive a trial
by jury of any or all issues arising in any action or proceeding between the parties hereto or their successors, under or connected with this Lease, or any of its provisions. 

24.    LATE CHARGE Anything in this Lease to the contrary notwithstanding, at Landlord’s option, Tenant shall pay a “Late
Charge” of five (5%) percent of any installment of Monthly Basic Rent or Additional Rent received by Landlord more than five (5) days after the due date thereof for each monthly period or portion thereof that the same remains unpaid, such
Late Charge to cover the extra expense involved in handling delinquent payments. Landlord and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses in light of the then-anticipated harm caused by such non-payment and is fair compensation to Landlord for its loss suffered by such late payment by Tenant. Acceptance of this late charge shall not constitute a waiver of Tenant’s default with respect to such late
or nonpayment by Tenant nor prevent Landlord from exercising all other rights and remedies available to Landlord under this Lease. 

  
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 25.    INSURANCE 

(A)    Tenant’s Insurance. Tenant shall, at its own expense, keep the Premises insured throughout the term
of this Lease: (a) under a general commercial liability insurance in which Landlord shall be an additional insured, insuring the Landlord against any and all liability or claims of liability arising out of, occasioned by or resulting from any
accident, cause, event or other happening or otherwise in or about the Premises for injuries to any person or persons and for damage to property for limits not less than $1,000,000.00 per occurrence and $2,000,000 annual aggregate, with an
additional $5,000,000.00 umbrella; (b) a commercial property insurance policy insuring the Premises, including the Tenant’s improvements to the same for a limit of Insurance not less than 100% of the then insurable value of the Premises
and the Tenant’s personal business property upon the Premises, against any loss or damage by fire and such other risks as may be included in the broadest form of extended coverage insurance from time to time available in commercially reasonable
amounts specified by Landlord but not less than 100% of the then insurable value of the Premises; and (c) Business Auto Liability covering owned, non-owned and hired vehicles with a combined single limit
of not less than $1,000,000.00 per accident; and (d) insurance protecting against liability under Worker’s Compensation Laws with limits at least as required by statute. 

All insurance provided by Tenant shall be carried in favor of Tenant, Landlord, and the holder of any mortgage as their respective interests may appear
and shall name Landlord and the holder of any mortgage as additional insureds. The loss under such policies insuring against damage to the Premises by fire or other casualty shall be payable to the Landlord and the holder of any mortgage as their
interests may appear. 
 All insurance required by any provision of this Lease shall be issued by such responsible insurance companies licensed or
authorized to do business in the State of New Jersey and having a rating of “A-“ or better. All policies referred to in this Lease shall be in such form reasonably acceptable to Landlord and shall be
obtained by Tenant for periods of not less than one (1) year. 
 (B)    Landlord’s Insurance. Landlord covenants and
agrees that throughout the Term it will insure the Building (excluding Tenant’s improvements to the Premises) against damage by fire and standard extended coverage perils, in an amount equal to the full replacement cost of the Building. In
addition, Landlord shall maintain and keep in force and effect during the Term, General Liability Insurance against any and all liability or claims of liability arising out of, occasioned by or resulting from any accident, cause, event or other
happening or otherwise in or about the Building and Land for injuries to any person or persons and for damage to property for limits not less than $1,000,000.00 per occurrence and $2,000,000 annual aggregate. Landlord may, but shall not be obligated
to, take out and carry any other forms of insurance as it or the mortgagee or ground Landlord (if any) of Landlord may require or reasonably determine available. All insurance carried by Landlord shall be included as CAM pursuant to Subsection 3(A).
Notwithstanding its inclusion as CAM or any contribution by Tenant to 

  
 21 

 
the cost of insurance premiums by Tenant as provided herein, Tenant acknowledges that it has no right to receive any proceeds from any such insurance policies carried by Landlord. Tenant further
acknowledges that the exculpatory provisions of this Lease and the provisions of Subsection 25(A) as to Tenant’s insurance are designed to insure adequate coverage as to Tenant’s property and business without regard to fault and to avoid
Landlord obtaining similar coverage for said loss for its negligence or that of its agents, servants or employees which could result in additional costs includable as part of CAM which is payable by Tenant. Landlord will not carry insurance of any
kind on Tenant’s furniture or furnishings, or on any fixtures, equipment, appurtenances or improvements of Tenant under this Lease and Landlord shall not be obligated to repair any damage thereto or replace the same. 

(C)     Waiver of Subrogation. Any all risk policy or similar casualty insurance, which either party obtains in connection
with the Premises, Building or Land, shall include a clause or endorsement denying the insurer any rights of subrogation against the other party (i.e. Landlord or Tenant) for all perils covered by said policy. Should such waiver not be available
then the policy for which the waiver is not available must name the other party as an additional named insured affording it the same coverage as that provided the party obtaining said coverage. 

26.     NO OTHER REPRESENTATIONS No representation(s) or promise(s) shall be binding on the parties hereto except those
representations and promises contained herein or in some future writing signed by the party making such representation(s) or promise(s). 

27.    QUIET ENJOYMENT Landlord covenants that if, and so long as, Tenant pays the Basic Rent, and any Additional Rent as herein
provided, and performs the covenants hereof, Landlord shall do nothing to affect Tenant’s right to peaceably and quietly have, hold and enjoy the Premises for the Term herein mentioned, subject to the provisions of this Lease
and to any mortgage or deed of trust to which this Lease shall be subordinate. 
 28.    INDEMNITY Tenant shall indemnify
and save harmless Landlord and its agents against and from (a) any and all claims (i) arising from (x) the conduct or management by Tenant, its subtenants, licensees, its or their employees, agents, contractors or invitees on the
Demised Premises or of any business therein, or (y) any work or thing whatsoever done, or any condition created (other than by Landlord for Landlord’s or Tenant’s account) by or at the request of Tenant in or about the Demised
Premises during the Term of this Lease or during the period of time, if any, prior to the Commencement Date that Tenant may have been given access to the Demised Premises, or (ii) arising from any negligent or otherwise wrongful act or omission
of Tenant or any of its subtenants or licensees or its or their employees, agents, contractors or invitees, and (b) all costs, expenses and liabilities incurred in or in connection with each such claim or action or proceeding brought thereon.
In case any action or proceeding is brought against Landlord by reason of any such claim, Tenant, upon notice from Landlord, shall resist and defend such action or proceeding. 

  
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 The provisions of this Section 28 shall survive the expiration or earlier termination of this
Lease. 
 29.    LANDLORD’S EXCULPATION Landlord and Landlord’s agents, employees and
contractors shall not be liable for, and Tenant hereby irrevocably and unconditionally releases all claims for, damage to person(s) or property sustained by Tenant or any person claiming by, through, or under Tenant resulting from a fire, accident,
occurrence or condition in or upon the Demised Premises or the Building, including but not limited to such claims for damage resulting from (i) any defect in or failure of plumbing, heating or air conditioning equipment, electric wiring or
installation thereof, water pipes, stairs, railing or walks, (ii) any equipment or appurtenance becoming out of repair, (iii) the bursting, leaking or running of any tank, washstand, water closet, waste pipe, sprinkler head or pipe, drain
or any other pipe or tank in, upon or about such building or the Demised Premises, (iv) the backup of any sewer pipe or downspouts, (v) the escape of steam or hot water, (vi) water being upon or coming through the roof or any other
place upon or near such building or Demised Premises or otherwise, (vii) the falling of any fixtures, plaster or stucco, (viii) broken glass, (ix) any act or omission of co-tenants or other
occupants of said building or adjoining or contiguous property or buildings, (x) loss of or injury to Tenant or to Tenant’s property or that for which Tenant is legally liable from any cause whatsoever, including but not limited to theft
or burglary, and (xi) the furnishing of or failure to furnish or the interruption in connection with the furnishing of any service which Landlord is obligated to furnish pursuant to this Lease, unless in any such event said damage is the direct
result of an act of gross negligence and/or intentional misconduct on the part of Landlord, its agents, employees and/or contractors. 

30.    RULES OF CONSTRUCTION/APPLICABLE LAW/ NO RECORDING Any table of contents, captions, headings and titles in this Lease are
solely for convenience of reference and shall not affect its interpretation. This Lease shall be construed without regard to any presumption or other rule requiring construction against the party causing this Lease to be drafted. If any words or
phrases in this Lease shall have been stricken out or otherwise eliminated, whether or not any other words or phrases have been added, this Lease shall be construed as if the words or phrases so stricken out or otherwise eliminated were never
included in this Lease and no implication or inference shall be drawn from the fact that said words or phrases were so stricken out or otherwise eliminated. Each covenant, agreement, obligation or other provision of this Lease on Tenant’s part
to be performed, shall be deemed and construed as a separate and independent covenant of Tenant, not dependent on any other provision of this Lease. All terms and words used in this Lease, regardless of the number or gender in which they are used,
shall be deemed to include any other number and any other gender as the context may require. This Lease shall be governed and construed in accordance with the laws of the State of New Jersey (excluding New Jersey conflict of

  
 23 

 
laws) and by the State courts of New Jersey. If any of the provisions of this Lease, or the application thereof to any person or circumstances, shall to any extent be invalid or unenforceable,
the remainder of this Lease, or the application of such provision or provisions to persons or circumstances other than those as to whom or which it is held invalid or unenforceable, shall not be affected thereby, and every provision of this Lease
shall be valid and enforceable to the fullest extent permitted by law. Neither this Lease nor any memorandum or synopsis hereof may be recorded, and any recording in violation hereof shall be but a nullity and shall constitute an event of default by
Tenant hereunder. 
 31.    BROKER Tenant and Landlord each covenants and represents that other than the Brokers there was no broker
or realtor that brought about this Lease transaction. Landlord and Tenant agree to indemnify and hold each other harmless from and against claims of any other brokers claiming through such party with respect to this transaction. Landlord shall pay
the Listing Broker in accordance with Landlord’s agreement with the Listing Broker and the Cooperating Broker shall be paid pursuant to its agreement with the Listing Broker. 

32.    PERSONAL LIABILITY. Notwithstanding anything to the contrary provided in this Lease, it is specifically understood and agreed,
such agreement being a primary consideration for the execution of this Lease by Landlord, that there shall be absolutely no personal liability on the part of Landlord, its constituent members (to include but not be limited to officers, directors,
partners and trustees), their respective successors, assigns or any mortgagee in possession (for the purposes of this Section, collectively referred to as “Landlord”), with respect to any of the terms, covenants and conditions of this
Lease, and that Tenant shall look solely to the equity of Landlord in the Building and the rents and profits therefrom for the satisfaction of each and every remedy of Tenant in the event of any breach by Landlord of any of the terms, covenants and
conditions of this Lease to be performed by Landlord, such exculpation of liability to be absolute and without any exceptions whatsoever. A deficit capital account of any portion in Landlord shall not be deemed an asset or property of Landlord. The
foregoing limitation of liability shall be noted in any judgment secured against Landlord and in the judgment index. 
 33.    NO
OPTION. The submission of this Lease Agreement for examination does not constitute a reservation of or option for the Premises and this Lease Agreement becomes effective as a Lease Agreement only upon execution and delivery thereof by
Landlord and Tenant. 
 34.    NOTICES. Any notice by either party to the other shall be in writing and shall be deemed to have been
duly given only if (a) delivered personally or (b) sent by registered mail or certified mail, return receipt requested, in a postpaid envelope or (c) sent by recognized overnight courier service such as Federal Express, addressed if
to Tenant, at the Notice Address set forth in Section 21 of the Basic Lease Provisions hereof; if to Landlord, at the Notice Address set forth in Section 20 of the Basic Lease Provisions 

  
 24 

 
hereof; or to either at such other address as Tenant or Landlord, respectively, may designate in writing. Notice shall be deemed to have been duly given upon its receipt or rejection as evidenced
by a return receipt or upon delivery if personally served. 
 35.    ACCORD AND SATISFACTION. No payment by Tenant or receipt by
Landlord of a lesser amount than the then due Basic Rent and Additional Rent payable hereunder shall be deemed to be other than a payment on account of the earliest due monthly Basic Rent and Additional Rent, nor shall any endorsement or statement
on any check or any letter accompanying any check or payment for Basic Rent or Additional Rent be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of
such Basic Rent and Additional Rent or pursue any other remedy provided herein or by law. 
 36.    EFFECT OF WAIVERS No failure by
Landlord to insist upon the strict performance of any covenant, agreement, term or condition of this Lease, or to exercise any right or remedy consequent upon a breach thereof, and no acceptance of full or partial Basic Rent or Additional Rent
during the continuance of any such breach, shall constitute a waiver of any such breach or of such covenant, agreement, term or condition. No consent or waiver, express or implied, by Landlord to or of any breach of any covenant, condition or duty
of Tenant shall be construed as a consent or waiver to or of any other breach of the same or any other covenant, condition or duty, unless in writing signed by Landlord. 

37.    MORTGAGEE’S NOTICE AND OPPORTUNITY TO CURE Tenant agrees to give any mortgagees and/or trust
deed holders of which Landlord has provided the identity and an address, by registered mail, a copy of any notice of default served upon Landlord, provided that, prior to such notice, Tenant has been notified in writing (by way of notice of
assignment of rents and leases or otherwise) of the address of such mortgagees and/or trust deed holders. Tenant further agrees that, if Landlord shall have failed to cure such default within the time provided for in this Lease, then the mortgagees
and/or trust deed holders shall have an additional thirty (30) days within which to cure such default, or if such default cannot reasonably be cured within that time, then such additional time as may be necessary, if within such thirty
(30) days, any mortgagee and/or trust deed holder has commenced and is diligently pursuing the remedies necessary to cure such default (including but not limited to commencement of foreclosure proceedings if necessary to effect such cure), in
which event this Lease shall not be terminated while such remedies are being so diligently pursued. 
 38.    LANDLORD’S RESERVED
RIGHTS. Landlord and Tenant acknowledge that the Premises are in a Building which is not open to the general public. Access to the Building is restricted to Landlord, Tenant, their agents, employees and to their invited visitors. In the
event of a labor dispute including a strike, picketing, informational or associational activities directed at Tenant or any other tenant, Landlord reserves the right unilaterally to alter Tenant’s ingress and egress to the Building or make any
other change in operating conditions to restrict pedestrian, vehicular or delivery ingress and 

  
 25 

 
egress to a particular location. Additionally, Landlord reserves unto itself all rights not granted Tenant, including by way of example and not by way of limitation, the right to change the name
by which the Building is commonly known. 
 39.    CORPORATE AUTHORITY The undersigned officers and representatives of Tenant and
Landlord executing this Lease on behalf of Tenant and Landlord represent and warrant that they are officers of the applicable entity with authority to execute this Lease on behalf of such entity. 

40.    GOVERNMENT REQUIREMENTS. In the event of the imposition of federal, state, or local governmental control, rules, regulations,
or restrictions on the use or consumption of energy or other utilities or with respect to any other aspect of this Lease during the Term, both Landlord and Tenant shall be bound thereby. In the event of a difference in interpretation of any
governmental control, rule, regulation or restriction between Landlord and Tenant, the interpretation of Landlord shall prevail, and Landlord shall have the right to enforce compliance, including the right of entry into the Premises to effect
compliance. 
 41.    TENANT’S RENEWAL OPTION. 

Provided the Lease is in good standing and no default by Tenant exists hereunder and no event has occurred that with the passage of time and/or the giving of notice
would result in a default by Tenant hereunder, Landlord hereby gives and grants to Tenant the right, privilege and option of extending this Lease in accordance with the Options to Renew set forth in Section 22 of the Basic Lease Provisions.
Tenant shall exercise such options by giving notice to the Landlord of its intention to so renew not less than nine (9) months prior to the then applicable expiration of the Term. Failure to give any such notice shall be deemed a waiver of
Tenant’s right to exercise this option and shall conclusively make the remaining option(s) to extend, if any, null and void. All of the terms, covenants and conditions of this Lease shall apply during the extended term(s), except that Basic
Rent during the extended term shall be determined as follows: Within thirty (30) days after Landlord’s receipt of Tenant’s written notice exercising the option to extend the term, Landlord shall deliver to Tenant written notice of the
Basic Rent for the first year of said extended term, which Basic Rent shall be at then market rates for similar premises in the area of the Building, which shall be supported by reasonable evidence supplied by Landlord, but in no event less than the
Basic Rent for the then expiring year. In the event that the Basic Rent for the Renewal Term exceeds the Basic Rent for the then expiring year, then Tenant shall thereafter have fifteen (15) days in which to revoke its notice of renewal,
failing which Tenant shall be deemed to have exercised said option to renew at the Basic Rent set forth in Landlord’s notice. So long as the Basic Rent determined by Landlord is supported by reasonable evidence, Tenant shall not have any other
remedy should it disagree with said determination. In the event of such renewal, Basic Rent shall thereafter increase annually by three percent (3%) per annum.    All renewals and extensions under this Lease shall be deemed to be
included in the definition of Term as set forth herein. 

  
 26 

 42.    AMERICANS WITH DISABILITIES ACT. Landlord assumes all responsibility for
continuing Common Area compliance with all requirements of the Americans with Disabilities Act of 1990 and as revised from time to time (the “ADA”). After the Commencement Date, Tenant shall be responsible for ADA compliance within the
Premises. 
 43.     PARKING. 

(A)    During the Term, Tenant shall have the right to use (on a non-exclusive first-come,
first-served basis) the number of Parking Permits set forth in Basic Lease Provision 25 hereof for the unreserved parking of passenger automobiles in the parking areas designated from time to time by Landlord for the use of tenants of the Building
(“Parking Areas”). Landlord shall have no obligation to police or otherwise monitor the use of the Parking Areas. 

(B)    Tenant shall park and shall cause its employees to park only in the Parking Areas. Neither Tenant nor its employees or
invitees shall park at any time more vehicles in the Parking Areas than the number of Parking Permits provided to Tenant per Provision 25 hereof. In order to restrict the use by Tenant’s employees of areas designated or which may be designated
by Landlord as handicapped, reserved or restricted parking areas, or for any other business purpose, Tenant agrees that it will, at any time and from time to time as requested by Landlord, furnish Landlord with the owners’ names and license
plate numbers of any vehicle of Tenant and Tenant’s agents and/or employees. 
 (C)    Landlord reserves the right to
institute a parking control system, and to establish and modify or amend rules and regulations governing the use thereof. Landlord shall have the right to revoke a user’s parking privileges in the event such user fails to abide by the rules and
regulations governing the use of the Parking Areas. Tenant shall be prohibited from using the Parking Areas for purposes other than for parking registered vehicles. The storage, repair or overnight parking of vehicles in the Parking Areas is
strictly prohibited. 
 (D)    Tenant shall not assign or otherwise transfer any Parking Permits (other than to a permitted
assignee of this Lease, or a permitted subtenant of the Premises), and any attempted assignment or other transfer shall be void. Tenant and its employees shall observe reasonable safety precautions in the use of the Parking Areas and shall at all
times abide by all rules and regulations governing the use of the Parking Areas promulgated by Landlord or the Parking Areas operator (if any). Landlord reserves the right to temporarily close the Parking Areas during periods of unusually inclement
weather or for repairs, or to prevent a dedication thereto, and Tenant shall not be entitled to any abatement of Rent or other damages as a result thereof. Landlord does not assume any responsibility, and shall not be held liable, for any damage or
loss to any automobile or personal property in or about the Parking Areas, or for any injury sustained by any person in or about the Parking Areas. 

  
 27 

 44.    TIME OF ESSENCE 

Time is of the essence with respect to all time frames, terms, and conditions set forth herein. 

[SIGNATURE PAGE FOLLOWS] 

  
 28 

 The parties hereto have hereunto set their hands and seals the day and year first above written. 

 

			
	Landlord: 3 ECCH Owner LLC
	
	By:      /s/ Sol
Ekstein                                
	           Sol Ekstein, Vice President
	
	Tenant: The Real Good Food Company LLC
	
	By:                  /s/ Gerard G.
Law                
	
	Name:            Gerard G.
Law                     
	
	Title:              CEO                
                      

  
 29 

 EXHIBIT A 

Premises 

  
 30 

 

 

  
 31 

 

 

  
 32 

 EXHIBIT B 

Landlord Work 
 The Demised Premises shall be accepted
by Tenant in its existing “as-is” condition except as set forth in this Exhibit “B”. All other repairs and/or alterations, whether required by a governmental agency or for any other reason
whatsoever, will be performed at the sole cost and expense of the Tenant. 
 Landlord shall perform the following “Landlord’s Work”: 

 

	 	-	 Ensure the Premises complies with all appliable laws prior to Tenant’s Work 

	 	-	 Carpet and paint in Suite 155 

Construction Contribution - Provided Tenant is not in default of any of the provisions of this Lease, Landlord agrees to give to Tenant a Construction
Contribution equal to twenty dollars ($20.00) per square foot of the Premises. Notwithstanding anything in the Lease to the contrary, Landlord will be the owner of the tenant improvements paid for by Tenant and reimbursed directly to Tenant from
Landlord. The Construction Contribution shall be payable to Tenant within 10 days upon Landlord’s receipt of the following: 
 (a) Copy of
Certificate of Occupancy; 
 (b) Confirmation that Tenant has opened for business in the Demised Premises and commenced to pay rent; 

(c) Final Releases of Liens (if applicable) from any parties with lien rights who are providing any materials and/or improvements within the Demised
Premises; 
 (d) Copies of paid invoices for improvements made by Tenant to the Premises in at least the amount of the Construction Contribution. 

  
 33 

 EXHIBIT “C” 

TENANT’S WORK 

All Tenant’s Work shall conform to all applicable governing codes and shall include the work listed below. 

Tenant shall perform the following “Tenant’s Work”: 
  

	 	1.	 Construction: 

  

	 	(a)	 Interior partitions, doors and windows (if applicable). 

	 	(b)	 Any wall and floor finishes. 

 

	 	2.	 Electrical: 

  

	 	(a)	 Any and all electrical work required by Tenant which is not Landlord’s obligation as per
Exhibit “B”. 

	 	(b)	 Telephone installation. 

  

	 	3.	 Tenant will furnish one complete set of plans with specifications to the Landlord for Landlord’s approval.

  

	 	4.	 Tenant will pay for any utility charges associated with the Demised Premises during and after Tenant’s
construction of the Demised Premises. 

  

	 	5.	 Tenant will require any contractor or sub-contractor to remove and dispose of,
at least once a week, all debris and rubbish caused by the Tenant’s Work and upon completion to remove all temporary structures, debris and rubbish of whatever kind remaining on any part of the Building and/or Land. 

 

	 	6.	 Tenant’s contractors and subcontractors (including Tenant’s movers) shall be required to provide, in
addition to the insurance required to be maintained by Tenant, the following types of insurance and the following minimum amounts naming Landlord and any other persons having interest in the Building and/or Land as additional insureds as their
interest may appear, issued by companies approved by Landlord. 

  

	 	(a)	 Workmen’s Compensation coverage with limits of at least $500,000 for the employer’s liability coverage
thereunder. 

  

	 	(b)	 Builder’s Risk-Completed Value fire and extended coverage covering damage to the construction and improvements to
be made by Tenant in amounts at least equal to the estimated completed cost of said construction and improvements with 100% coinsurance protection. 

  
 34 

	 	(c)	 Automobile Liability coverage with bodily injury limits of at least $500,000 per person. $1,000,000 per accident, and
$500,000 per accident for property damage. 

 Certificates, original or duplicate policies for all of the foregoing
insurance shall be delivered to Landlord before Tenant’s Work is started and before any contractor’s equipment is moved to any part of the whole Land and/or Building. In all other respects the insurance coverage above mentioned shall
comply with the provisions of this Lease. 
  

	 	7.	 All work done by Tenant to be by licensed contractors. Landlord may post notice of
non-responsibility for Tenant’s work. 

  

	 	8.	 In the event Tenant should elect to hire Landlord’s General Contractor to perform Tenant’s Work, and said
act creates a “co-mingling” of Landlord and Tenant’s Work that may result in the delay of the completion of Landlord’s Work in accordance with Exhibit “B”, Tenant agrees to notify
Landlord so that the parties may agree to a revised Rent Commencement Date. 

  

	 	9.	 Notwithstanding anything in the Lease to the contrary, Tenant shall not at any time make any alterations,
improvements, demolitions and/or other modifications to the Demised Premises which would directly or indirectly cause the building containing the Demised Premises and/or the Common Areas and/or any other portion of the Land and/or Building to be in
violation of any applicable governmental and/or quasi-governmental laws, codes, rules and/or regulations including but not limited to the Americans with Disabilities Act. 

  
 35 

 Exhibit D 

Commencement Date Agreement 

THIS COMMENCEMENT DATE AGREEMENT is entered into by 3 ECCH Owner LLC (“Landlord”), and
                         (“Tenant”) as of the date this Agreement is executed by the last to sign
of Landlord and Tenant as shown on the signature page(s) attached hereto. 
 WHEREAS, Landlord and Tenant entered into a Lease dated
                             (the “Lease”); pursuant to which Landlord leased to Tenant
certain Premises (Suite #             ) within the Building located at 3 Executive Campus, Cherry Hill, New Jersey, as more particularly described in the Lease; 

AND WHEREAS, for the purpose of establishing fixed dates, the parties hereby execute this Agreement setting forth the Commencement Date,
Rent Commencement Date, Expiration Date and other dates of the Lease; 
 NOW, THEREFORE, Landlord and Tenant hereby agree as follows:

 1.     Capitalized terms used in this Agreement not specifically defined herein have the meanings given such
terms in the Lease. 
 2.     Landlord delivered possession of the Premises to Tenant (for purposes of
constructing Tenant’s work or otherwise) on                     , 20        . 

3.     The Commencement date of the initial Term of the Lease is
                    , 20        . 

4.     The Rent Commencement date of the Lease is
                    , 20        . 

5.     The Expiration Date of the initial Term of the Lease is
                        , 20        , subject to
             (    ) renewal terms of              (    )
years each. 
 6.     This Agreement shall not modify the Lease except as herein expressly set forth. The parties hereto
acknowledge that the Lease is in full force and effect. 

  
 36 

 The parties hereby execute this Agreement as of the dates set forth below. 

 

			
	 Landlord: 3 ECCH Owner LLC
  

By:                     

 
 Print Name:
                            

 
 Title:
                            

 
 Date:
                            
	  	
Tenant:                          
                                  

 

By:                          
                                        
  
  
 Print
Name:                                        
             
  

Title:                          
                                    

 

Date:                           
                                   

  
 37 

 EXHIBIT “E” 

Janitorial 
 [***] 

  
 38 

 EXHIBIT F 

BUILDING RULES AND REGULATIONS 
 The following rules
and regulation shall apply to the Premises, the Building, and the appurtenances thereto: 
 1.    Sidewalks, doorways, vestibules, halls,
stairways, and other Common Areas to which Tenant has access shall not be obstructed by Tenant or Tenant’s agents, or used for purposes other than ingress to and egress from the Premises and for going from one part of the building to another.

 2.    Plumbing, fixtures and appliances shall be used only for the purposes for which designed, and no sweepings, rubbish, rags or other
unsuitable material shall be thrown or deposited therein. 
 3.    Without the prior written consent of Landlord, no signs, advertisements or
notices shall be inscribed, painted, affixed or displayed in, on, upon or behind any windows or doors (except as may be mandated by the applicable legal requirement), or to any other portion of the Premises or the building. No company name, logo,
sign, advertisement or notice shall be inscribed, painted or affixed outside the Premises or on any doors without the prior written consent of Landlord. 

4.    Landlord shall provide all door locks to the Premises at Tenant’s cost, and Tenant shall not install any additional door locks in the
Premises without Landlord’s prior written consent, which shall not be unreasonably withheld. Landlord shall initially provide to Tenant, without charge, two (2) keys each to the Premises and the Building, and upon Tenant’s request,
Landlord shall provide to Tenant, also without charge, two (2) additional sets of keys. Landlord shall provide any additional keys requested by Tenant, at Tenant’s cost. Upon the expiration date or sooner termination of the Lease, Tenant
shall return all keys to Landlord, and shall reimburse Landlord for the cost to replace any keys which are lost or otherwise not returned to Landlord. 

5.    Tenant shall not move furniture or office equipment in or out of the building, or dispatch or receive any bulky material, merchandise or
materials which require movement through the lobby or use of elevators or stairways (collectively, “moving” or “moved”) without Landlord’s consent, which shall be requested in writing at least ten (10) days prior to
such moving. All such moving shall be conducted under Landlord’s supervision, at such times and in such a manner as Landlord may reasonably require. Tenant assumes all risks of, and shall be liable for, all damage to articles moved and injury
to persons or public as a result of any such moving. Landlord reserves the right to reasonably inspect all freight to be brought into the building, and to exclude from the building any freight which violates these Rules and Regulations or the Lease.

 6.    Landlord may reasonably (i) prescribe size and weight limitations, (ii) designate 

  
 39 

 specific locations within the Premises for safes and other heavy equipment or items, and (iii) require the use of
supporting devices, so as to distribute weight in a manner reasonably acceptable to Landlord. 
 7.    Intentionally omitted. 

8.    When not in use, all doors leading from the Premises to the corridors shall be kept closed. Nothing shall be swept or thrown into the
corridors, elevator shafts, stairways or any other portion of the Common Areas. 
 9.    No portion of the Premises shall be used or occupied at
any time as sleeping or lodging quarters. 
 10.    Tenant and Tenant’s agents shall cooperate with Landlord’s employees in keeping the
Premises neat and clean. Except as provided to the contrary in the Lease, and subject to all of the terms thereof, Landlord reserves the right to reasonably designate and/or approve in writing all internal lighting that may be visible from the
public, common or exterior areas. Except as provided to the contrary in the Lease, the design, arrangement, style, color, character, quality and general appearance of the portion of the Premises visible from public, common and exterior areas, and
contents of such portion of the Premises, including furniture, fixtures, signs, artwork, wall coverings, carpet and decorations, and all changes, additions and replacements thereto shall at all times have a neat professional, attractive, first class
office appearance. Tenant shall not enter into any contract with any supplier of towels, water toilet articles, waxing, rug shampooing, venetian blind washing, furniture polishing, lamp servicing, cleaning of electrical fixtures, or other similar
services without the prior written consent of Landlord. 
 11.    Tenant shall not employ any person or persons for the purpose of cleaning the
Premises without the prior written consent of Landlord. Tenant shall endeavor to notify Landlord within eight (8) hours of any spill or stain on any carpeting within the Premises, so that Landlord may advise the janitorial service to promptly
remove such stain. If Landlord is not notified, but observes the stain, then Landlord may enter the Premises and have the stain removed. The direct, reasonable and
out-of-pocket cost of removing any such stains shall be the responsibility of Tenant, regardless of whether or not Tenant advised Landlord of the existence thereof. 

12.    To ensure orderly operation of the building, no ice, towels, etc. shall be delivered to the Premises except by parties approved in advance by
Landlord, which approval shall not be unreasonably withheld. Notwithstanding the foregoing, water and newspapers may be delivered to the Premises without Landlord’s consent. 

13.    Tenant shall not cause any nuisance in the building or otherwise unreasonably interfere in any way with other tenants or persons having
business therein. 
 14.    No machinery, other than normal office equipment, shall be operated in the Premises or in the Common Areas without
Landlord’s prior written consent. 

  
 40 

 15.    Landlord shall not be responsible to Tenant or any other party for any loss of or damage to
property, whether within the Premises or the Common Areas, however occurring. 
 16.    [INTENTIONALLY OMITTED] 

17.    [INTENTIONALLY OMITTED]. 

18.    Tenant shall not mark, drive nails into, or screw or drill into, any walls, partitions, woodwork or plaster, except in the course of
installing ordinary and customary wall hangings and artwork. No tenant shall in any way deface any part of the Premises or the building. No tenant shall lay linoleum, or other similar floor covering, so that the same shall come into direct contact
with the floor of the Premises, and if linoleum or other similar floor covering is desired to be used, an interlining of builder’s deadening felt shall be first affixed to the floor, by a paste or other material, soluble in water, the use of
cement or other similar adhesive material being expressly prohibited. 
 19.    All vehicles belonging to Tenant and Tenant’s agents which
are parked in the parking area shall be: (i) licensed; (ii) in good operating condition; (iii) parked within designated parking spaces, one vehicle to each space; and (iv) parked in such space only during such time as the operator of
such vehicle is in the Premises for the purpose of conducting business with or for Tenant. No vehicle may be parked as a “billboard” vehicle in the parking area. If any vehicle belonging to Tenant or Tenant’s agents is parked
improperly, then Landlord shall have the right to: (y) tow such vehicle from the parking area at Tenant’s expense; or (z) place a “boot” on the vehicle to immobilize it, and charge Landlord’s then-standard rate to
remove the “boot”. Notwithstanding anything contained herein or in the Lease to the contrary, in no event shall the default of any employee, agent, or invitee of Tenant with respect to Tenant’s parking rights constitute a default of
Tenant under this Lease; in any such event, Landlord’s sole rights and remedies shall be limited to towing and other legal actions against the offending individual and its automobile. 

20.    Landlord reserves the right to reasonably control access to and use of, and monitor and supervise any work in or affecting, the
“wire” or telephone, electrical, plumbing or other utility closets, the systems and equipment, and any changes, connections, new installations, and wiring work relating thereto (or Landlord may engage or designate an independent contractor
to provide such services). Tenant shall obtain Landlord’s prior written consent which consent shall not be unreasonably withheld, conditioned or delayed for any such access, use and work in each instance, and shall comply with such requirements
as Landlord may reasonably impose, and the other provisions respecting electric installations and connections, respecting telephone lines and connections, and respecting work in general. Except with Landlord’s consent as aforesaid, Tenant shall
have no right to use any broom closets, storage closets, 

  
 41 

 
janitorial closets, or other such closets, rooms and areas whatsoever. Tenant shall not install in or for the Premises any equipment which requires more electric current than Landlord is required
to provide under this Lease, without Landlord’s prior written approval. 
 21.    Tenant shall not use the Premises for any use which is
disreputable, creates fire hazards, or results in an increased rate of insurance on the building or any of its contents. 
 22.    All garbage,
refuse, trash and other waste shall be kept by Tenant in the kind of container, placed in the areas, and prepared for collection in the manner and at the times and places specified by Landlord, subject to respecting hazardous materials. 

23.    In order to ensure security of the building, Landlord reserves the right to: (i) reasonably limit or regulate access to the building
during nights and weekends; (ii) exclude from the building, at any time other than normal business hours (i.e., 9:00 A.M. and 5:00 P.M.), all persons who do not present an employee identification card or a pass to the building signed by an
authorized signatory of Tenant. Tenant shall be responsible for all persons to whom it issues such an identification card or pass. If Landlord provides overtime HVAC service, same shall only be provided to the perimeter units located within the
Premises, and not to any central system serving the building. 
 24.    The building is a smoke-free environment, and smoking is not permitted
anywhere in the building, including the Common Areas and the Premises. Any persons wishing to smoke shall extinguish their cigarettes in the receptacles to be provided outside of the rear entrance to the building, and are prohibited from discarding
cigarette butts on the ground or outside of any building entrance. 
 25.    Tenant shall not waste electricity, water, heat or air conditioning
or other utilities or services, and agrees to cooperate with Landlord in Landlord’s reasonable efforts to cause the building to operate in and to assure the most effective and energy efficient manner and shall not allow the adjustment (except
by Landlord’s authorized building personnel) of any controls. Tenant shall not obstruct, alter or impair the efficient operation of the building systems and equipment, and shall not place any item so as to interfere materially with air flow.
Tenant shall keep corridor doors closed. 
 26.    Employees of Landlord shall not perform any work for Tenant or do anything outside of their
regular duties unless under special instructions from Landlord. 
 27.    Tenant shall not conduct, or permit any other person to:
(i) conduct any auction within the Premises; (ii) manufacture or store goods, wares or merchandise upon the Premises, except for the storage of usual supplies and inventory to be used by Tenant in the conduct of its business within the
Premises; (iii) use the Premises for gambling; (iv) cause a nuisance from the Premises; 
 (v) adversely affect the indoor air quality of the Premises or
building; (vi) produce 

  
 42 

 
unusual odors within the Premises; (vii) occupy any portion of the Premises as an office of a public stenographer, o·r as a barber or manicure shop; (viii) manufacture or sell
any intoxicating beverages or tobacco within the Premises; (ix) bring any no dangerous, inflammable, combustible or explosive object or material into the building other than normal office products stored and disposed of in compliance with all
Environmental Laws; (x) use strobe or flashing lights in or on the Premises; (xi) use any source of power other than electricity; (xii) operate any electrical or other device from which may emanate electrical, electromagnetic, x-ray, magnetic resonance, energy, microwave, radiation or other waves or fields so to unreasonably interfere with or impair radio, television, microwave, or other broadcasting or reception from or in the building,
or impair or interfere with computers, faxes or telecommunication lines or equipment at the building or elsewhere, or create a health hazard; (xiii) bring or permit any bicycle or other vehicle (except a wheelchair or cart for a handicapped
person), or dog (except in the company of a blind person or except where specifically permitted) or other animal or bird in the building; or 
 (xiv) do or permit any
Tenant’s agents to do upon the Premises or building anything in any way tending to unreasonably disturb, bother, annoy or interfere with Landlord or any other tenant at the building, or otherwise disrupt orderly and quiet use and occupancy of
the building. 
 28.    Landlord reserves the right to exclude or expel from the building any person who, in the judgment of Landlord, is
intoxicated or under the influence of liquor or drugs, or who shall in any manner do any act in violation of any of these Rules. 
 29.    Except
as expressly provided to the contrary in the Lease, and subject to all of the terms thereof, Tenant shall not at any time cook or sell food in any form by or to any of Tenant’s agents or employees or any other parties on the Premises, nor
permit any of the same to occur (other than in microwave ovens and coffee makers properly maintained in good and safe working order and repair in lunch rooms or kitchens for employees as may be permitted or installed by Landlord, which does not
violate any applicable legal requirements or bother or annoy any other tenant). 
 30.    No awnings or other projections shall be attached to the
outside walls of the building. No curtains, blinds, shades or screens shall be attached or hung in, or used in connection with, any window or door of the Premises without the prior written consent of Landlord as to quality, type, design and color,
and method of attachment. 
 31.    Canvassing, solicitation and peddling in the building are prohibited, and Tenant shall cooperate to prevent
the same. 
 32.    Furniture, freight and other large or heavy articles, and all other deliveries may be brought into the building only at times
and in the manner reasonably designated by Landlord, and always at the Tenant’s sole responsibility and risk. Landlord may inspect items brought into the building or Premises with respect to weight or dangerous nature or compliance with all
applicable legal requirements. Landlord may (but shall have no 

  
 43 

 
obligation to) require that all furniture, equipment, cartons and other articles removed from the Premises or the building be listed and a removal permit therefor first be obtained from Landlord.
Tenant shall not take nor permit Tenant’s agents or visitors to take in or out of other entrances or elevators of the building any item normally taken, or which Landlord otherwise reasonably requires to be taken, in or out through service doors
or on freight elevators. Landlord may impose reasonable charges and requirements for the use of freight elevators and loading areas, and reserves the right to alter schedules without notice. Any handcarts used at the building shall have rubber
wheels and sideguards, and no other material handling equipment may be brought upon the building without Landlord’s prior written approval. 

33.    Except in connection with prospective subleasing and assignments, Landlord shall have the right to prohibit any advertising by Tenant which
includes references to or depictions of the Building and which, in Landlord’s reasonable opinion, tends to impair the reputation of the Building or its desirability as an office building, and upon written notice from Landlord, Tenant shall
refrain from or discontinue such advertising. 
 34.    Tenant shall cooperate with Landlord in connection with, and shall participate in
(including all of Tenant’s employees and invitees who are in the Premises at the time of any fire drill), fire drills for. the building that are organized by or on behalf of Landlord from time to time (not more frequently than once per calendar
quarter). Landlord shall give Tenant reasonable advance notice of each fire drill. 
 35.    At Landlord’s option, tenants shall purchase
from Landlord or its designee all lighting tubes, lamps, bulbs and ballasts used at the Premises and tenants shall pay Landlord’s actual costs within thirty (30) days after demand therefor. 

36.    Tenant shall be responsible for ensuring compliance by Tenant’s agents with these Rules, as they may be amended from time to time upon
reasonable prior notice to Tenant. Tenant shall cooperate with any reasonable program or requests by Landlord to monitor and enforce the Rules and Regulations and taking appropriate action against such of the foregoing parties who violate these
provisions. 
 37.    Intentionally deleted. 

38.    Unless otherwise defined in these Rules and Regulations, capitalized terms shall have the meaning ascribed to them in the Lease. In the event
of any conflict between these Rules and Regulations and the terms and provisions of the Lease, the latter shall control the resolution of such conflict. 

39.    Landlord reserves the right to rescind, alter or waive any rule or regulation at any time prescribed for the building. No rescission,
alteration or waiver of any rule or regulation in favor of one tenant shall operate as a rescission, alteration or waiver in favor of any other tenant. 

  
 44 

 EXHIBIT G 

GYM ADDENDUM TO LEASE 
 BY
AND BETWEEN 
 3 ECCH OWNER LLC (“LANDLORD”) AND 

THE REAL GOOD FOOD COMPANY LLC (“TENANT”) 

i)    Conflict. In the event of a conflict between the provisions of this Addendum and that certain Lease to which
this Addendum is attached by and between Landlord and Tenant (the “Lease”) for the Premises located at 3 Executive Campus, Suites 145 & 155, Cherry Hill Township, County of Camden, State of New Jersey, this Addendum shall control.
Except as specifically modified herein, all terms and conditions of the Lease shall remain in full force and effect. 

ii)    Definitions. All terms capitalized but not defined herein shall have the meanings ascribed thereto in the
Lease. 
 iii)    Gym Use. Landlord has leased or may lease the gym located on the ground floor of the building
containing the Premises (the “Gym”) to a third party operator (the “Gym Owner”). Prior to the expiration or earlier termination of the Lease, provided Tenant is not in default of the Lease beyond any applicable notice and cure
period, then Tenant and its employees and principals (collectively, the “Tenant Parties”) shall have the non-exclusive right to use the Gym subject to the following conditions: 

 

	 	(i)	 Tenant’s use of the Gym shall be limited to the Tenant Parties, and in no event shall any other guests
or invitees of Tenant be permitted to enter and/or use the Gym. 

	 	(ii)	 Landlord, Gym Owner, and their respective owners, officers, agents, employees, organizers, representatives
and successors (collectively, the “Owner Parties”) shall not be liable for the loss, theft or damage to the personal property of the Tenant Parties, and Tenant agrees to hold the Owner Parties harmless from any and all claims, damages,
lawsuits, contracts, actions, suits, demands, agreements, liabilities, obligations and/or proceedings of every nature and description both at law and in equity (collectively, “Claims”) associated with the loss, theft or damage the personal
property of the Tenant Parties. 

	 	(iii)	 Landlord urges all Tenant Parties to obtain a physical examination from their physicians prior to the use of
the Gym. Tenant warrants that each of the Tenant Parties shall be in good health, qualified, and in proper physical condition to engage in the activities to which he/she partakes in the Gym, and shall not have any disability, impairment or ailment
preventing them from engaging in any form of exercise or activity at the Gym that will be detrimental to their health or safety. 

	 	(iv)	 Tenant understands and agrees that the Tenant Parties are voluntarily participating in the various
activities at the Gym and assuming any and all risks that may result from participating in such activities, including but not limited to death, serious bodily injury, permanent disability, paralysis, pain, suffering and/or similar or related
conditions (collectively “Injury”). The Owner Parties have not made any 

  
 45 

	 	 
effort or taken any action, and shall not be required to make any effort or take any action, to protect the Tenant Parties from any and all risks of Injury described in this Addendum. In
recognition of the possible dangers connected with any physical activity, Tenant on behalf of itself and the Tenant Parties hereby knowingly and voluntarily fully and forever releases, discharges, acquits and forgives the Owner Parties from any and
all Claims that the Tenant Parties ever had, now has, or hereafter can, shall or may hereafter have of any kind whatsoever arising as the result of the entry and/or use of the Gym by the Tenant Parties. This waiver and release includes, without
limitation, all injuries which may occur as a result of: (a) participation in any activity at the Gym; (b) equipment or amenity malfunction; (c) negligent use of equipment or amenities by the Tenant Parties and/or anyone else in the
Gym; and/or (d) the Tenant Parties slipping and/or falling in the Gym. 

	 	(v)	 The Tenant Parties shall follow any and all Gym rules as may be promulgated from time to time by the Gym
Owner. Violation of these rules may result in suspension or cancellation of the applicable Tenant Party’s right to enter and/or use the Gym. 

	 	(vi)	 The Tenant Parties’ participation in the use of the Gym is entirely at his/her own risk.

	 	(vii)	 TENANT, FOR ITSELF AND EACH OF THE TENANT PARTIES, HEREBY WAIVES, RELEASES AND DISCHARGES ANY AND ALL CLAIMS
(as defined above) THAT IT AND/OR ANY OF THEM MAY OTHERWISE HAVE TO SUE ANY OF THE OWNER PARTIES FOR ANY INJURY (as defined above), INCLUDING ANY INJURY ARISING FROM THE ACTIVE OR PASSIVE NEGLIGENCE OF ANY OF THE OWNER PARTIES, ANY LOSS OF PROPERTY,
AND/OR ANY PROPERTY DAMAGE. 

	 	(viii)	 Tenant has read and fully understands this Addendum. Tenant understands that it has given up substantial
rights by signing this Addendum, understands that this Addendum cannot be modified orally, and Tenant is fully aware of the legal consequences as a full release of liability for Injury, loss of property and/or property damage. Tenant signs this
Addendum freely and voluntarily without any inducement, assurance, or guarantee being made to it by Landlord and/or any person or entity on its behalf. Tenant intends that its signature operate as a complete and unconditional release of all
liability to the greatest extent allowed by the laws of the State of New Jersey. 

	 	(ix)	 Tenant shall obtain and deliver to Landlord the “Individual Fitness Center Waiver Of
Liability & Release” (the current form of which is attached hereto as Exhibit “A”, subject to modifications as required by Landlord and/or the Gym Owner from time to time in their sole and absolute discretions) from all
Tenant Parties prior to allowing such Tenant Parties to enter and/or use the Gym. 

 Notwithstanding the foregoing
or anything herein to the contrary, the Owner Parties reserve the following rights: 

  
 46 

	 	(a)	 The right to temporarily or permanently close the Gym for renovations or as otherwise determined by Landlord
and/or the Gym Owner, without any liability to Tenant or any reduction in Tenant’s rent. 

	 	(b)	 The right to restrict the hours that the Gym is open and available for use. 

	 	(c)	 The right to expand or contract the size of the Gym. 

	 	(d)	 The right to add and/or remove equipment from the Gym. 

In consideration for the Tenant Parties right to use the Gym, Tenant shall pay to Landlord additional rent in the following amounts: (a)
$75.00 per Tenant Party initiation fee, due and payable in advance prior to such Tenant Party first using the gym, plus (b) $29.00 per Tenant Party per month, due and payable in advance on the first day of each calendar month simultaneous with the
payment of Tenant’s Basic Rent. The monthly fee shall be prorated on a per diem basis for any partial calendar months. 
 If any
portion of this Addendum shall be deemed by a court of competent jurisdiction to be invalid, then the remainder of this Addendum shall remain in full force and effect and the offending provision or provisions severed herefrom. 

This Addendum shall survive the expiration or earlier termination of the Lease. 

 

			
	LANDLORD:	  	            TENANT:
	3 ECCH Owner LLC,	  	The Real Good Food Company LLC
		
	BY:                                    
            	  	BY:                                   
                    
	             Sol Ekstein, Vice President	  	
		  	Print
Name:                                      
    
		
	Date:                                     
         	  	
		  	Title:                                   
                  
		
		  	Date:                                   
                   

  
 47 

 EXHIBIT “A” 

FITNESS CENTER WAIVER OF LIABILITY & RELEASE 

INDIVIDUAL 
 As
consideration for Participant having the non-exclusive right to use the fitness center located at 3 Executive Campus, Cherry Hill, New Jersey (the “Fitness Center”), and as a condition to any such
use, Participant hereby agrees as follows: 
 Participant understands and agrees that Participant’s participation in various
activities at the Fitness Center shall be completely voluntary, and Participant hereby assumes any and all risks that may result from participating in such activities, including but not limited to death, serious bodily injury, non-serious bodily injury, illness, permanent and/or temporary disability, paralysis, pain, suffering and/or similar or related conditions (collectively “Injury”). 3 ECCH Owner LLC (“Building
Owner”), the owner of the Fitness Center, if applicable (“Gym Owner”), and their respective directors, owners, officers, agents, employees, organizers, representatives, and successors and assigns (collectively, the “Owner
Parties”) shall not be required to make any effort or take any action to protect Participant from any and/or all risks of Injury. 

Because physical exercise can be strenuous and subject to risk of serious injury, Owner Parties recommend that Participant obtain a physical
examination from a doctor before using any exercise equipment or participating in any exercise activity in the Fitness Center. Participant agrees that if Participant engages in any physical exercise or activity or otherwise enters and/or uses the
Fitness Center and/or uses any Fitness Center amenities, Participant does so entirely at Participant’s own risk. 
 Participant
acknowledges and agrees that Participant is not permitted to use the Fitness Center if any of the following conditions exist at the time of such intended use: (a) Participant has a cough, (b) Participant has or has within the last 14 day
had a fever, (c) Participant has come in contact with any confirmed COVID-19 positive patient(s) in the last 14 days, (d) Participant is experiencing shortness of breath or difficulty breathing,
(e) Participant is experiencing other flu-like symptoms, such as gastrointestinal upset, headache or fatigue, (f) Participant has experienced recent loss of taste and/or smell, and/or
(g) Participant has traveled in the past 14 days to any regions affected by COVID-19. 

Participant acknowledges that Participant is physically fit and mentally capable of performing the physical activity Participant chooses to
participate in. After having read this Fitness Center Waiver Of Liability & Release and knowing these facts, and in consideration of acceptance of Participant’s entry and use of the Fitness Center, Participant agrees, for
Participant’s self and anyone entitled to act on Participant’s behalf, to HOLD HARMLESS, INDEMNIFY, WAIVE AND RELEASE each and every of the Owner Parties from any and all claims, actions, causes of action, damages, liabilities and/or
expenses including, without limitation, reasonable attorney’s fees, in connection with Participant’s entry and/or use of the Fitness Center (including loss, theft, Injury and/or damage to personal property), and Participant agrees to
voluntarily give up and waive any right that Participant may otherwise have to bring a legal action against any and/or all of the Owner Parties for Injury and/or property damage. To the extent that statute or case law does not prohibit releases for
negligence, this release is also for negligence on the part of the Owner Parties. 

  
 48 

 The foregoing waiver and release includes, without limitation, all Injuries which may
occur as a result of: (1) Participant’s use of any and/or all of the amenities and/or equipment in the Fitness Center and Participant’s participation in any activity in the Fitness Center; (2) the sudden and unforeseen
malfunctioning of any equipment; (3) Participant’s slipping and/or falling while in the Fitness Center; (4) contact with other participants; (5) the effects of the weather, including high heat and/or humidity; (6) Covid-19 and/or any other pandemic, epidemic or other sickness, and (7) all other risks being known and appreciated by me. 

Participant’s use of the Fitness Center shall be limited to Participant only, and in no event shall any other guests or invitees of
Participant be permitted to enter and/or use the Fitness Center. Participant shall follow any and all Fitness Center rules as may be promulgated from time to time by Owner Parties. Violation of these rules may result in suspension or cancellation of
Participant’s right to enter and/or use the Fitness Center.     
 Notwithstanding the foregoing or anything
herein to the contrary, Owner Parties reserve the following rights: 
  

	 	(a)	 The right to close the Fitness Center for renovations or as otherwise determined by Owner Parties in their
sole and absolute discretion, without any liability to Participant. 

	 	(b)	 The right to reasonably restrict the hours that the Fitness Center is open and available for use.

	 	(c)	 The right to expand or contract the size of the Fitness Center. 

	 	(d)	 The right to add and/or remove equipment from the Fitness Center. 

If any portion of this Fitness Center Waiver Of Liability & Release shall be deemed by a court of competent jurisdiction to be
invalid, then the remainder of this Fitness Center Waiver Of Liability & Release shall remain in full force and effect, and the offending provision or provisions severed herefrom. 

By signing this Fitness Center Waiver Of Liability & Release, Participant acknowledges that Participant understands its content and
that this Fitness Center Waiver Of Liability & Release cannot be modified orally. 
  

	
	 Participant’s Name (Please Print):
                                         
                                         
                                  

	
	 Participant’s Signature:
                                         
        Date:
                                    

	
	 Company employed with:
                                         
        Work Phone/ Ext:
                            

	
	 In case of emergency, contact:
                                     Phone:
                                        

  
 49EX-10.17

 Exhibit 10.17 

 

			
	            	  	            

  

 

 PMC Financial Services Group, LLC 

Loan and Security Agreement 
  

			
	Borrower:	  	The Real Good Food Company LLC
		
	Address:	  	 3750 University Avenue, Suite 610

Riverside, CA 92501

		
	Date:	  	June 30, 2016 (the “Effective Date”)

 THIS LOAN AND SECURITY AGREEMENT is entered into on the above date between PMC Financial Services
Group, LLC, a Delaware limited liability company (“Lender”), whose address is 3816 E. La Palma Avenue, Anaheim, CA 92807, and the borrower(s) named above (jointly and severally, the “Borrower”), whose chief executive office is
located at the above address (“Borrower’s Address”). The Schedule to this Agreement (the “Schedule”) shall for all purposes be deemed to be a part of this Agreement, and the same is an integral part of this Agreement.
(Definitions of certain terms used in this Agreement are set forth in Section 8 below.) 

 

 1. LOANS. 

1.1 Loans.    Lender will make loans to Borrower (the “Loans”), in amounts
determined by Lender in its good faith business judgment. up to the amounts (the “Credit Limit”) shown on the Schedule, provided no Default or Event of Default has occurred and is continuing, and subject to deduction of Reserves for
accrued interest and such other Reserves as Lender deems proper from time to time in its good faith business judgment. 

1.2 Interest.    All Loans and all other monetary Obligations shall bear interest at the
rate shown on the Schedule, except where expressly set forth to the contrary in this Agreement. Accrued interest shall be payable monthly, on the last day of the month, and shall be charged to Borrower’s loan account (and the same shall
thereafter bear interest at the same rate as the other Loans). Regardless of the amount of outstandings under the Revolver Maximum Amount from time to time, Borrower shall pay Lender minimum monthly interest on the Revolving Loans during the term of
this Agreement in the amount set forth on the Schedule (“Minimum Monthly Interest”). 
 1.3
Overadvances.    If at any time or for any reason the total of all outstanding Loans and all other monetary Obligations exceeds the Credit Limit (an “Overadvance”), Borrower shall immediately pay the amount of
the excess to Lender, without notice or demand. Without limiting

 
Borrower’s obligation to repay to Lender the amount of any Overadvance, Borrower agrees to pay Lender interest on the outstanding amount of any Overadvance, on demand, at the Default Rate.

 1.4 Fees.    Borrower shall pay Lender the fees shown on the Schedule, which are in
addition to all interest and other sums payable to Lender and are not refundable. 
 1.5 Loan
Requests.    To obtain a Loan, Borrower shall make a request to Lender by facsimile or telephone, such request to provide Lender with at least one Business Day’s notice. Loan requests received after 3:00 PM
(California time) will not be considered by Lender until the second Business Day after such request. Lender may rely on any telephone request for a Loan given by a person whom Lender believes is an authorized representative of Borrower, and Borrower
will indemnify Lender for any loss Lender suffers as a result of that reliance. 
 2. SECURITY INTEREST.
    To secure the payment and performance of all of the Obligations when due, Borrower hereby grants to Lender a security interest in all of the following (collectively, the “Collateral”): all right, title
and interest of Borrower in and to all of the following, whether now owned or hereafter arising or acquired and wherever located: all Accounts; all Inventory; all Equipment; all Deposit Accounts; all General Intangibles (including
without limitation all 

 

  
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	PMC	  	Loan and Security Agreement            

 
  

 Intellectual Property); all Investment Property; all Other Property; and any and all claims,
rights and interests in any of the above, and all guaranties and security for any of the above, and all substitutions and replacements for, additions, accessions, attachments, accessories, and improvements to, and proceeds (including proceeds of any
insurance policies, proceeds of proceeds and claims against third parties) of, any and all of the above, and all Borrower’s books relating to any and all of the above. 

3. REPRESENTATIONS, WARRANTIES AND COVENANTS OF BORROWER. 

In order to induce Lender to enter into this Agreement and to make Loans, Borrower represents and warrants to Lender as
follows, and Borrower covenants that the following representations will continue to be true, and that Borrower will at all times comply with all of the following covenants, throughout the term of this Agreement and until all Obligations have been
paid and performed in full: 
 3.1 Corporate Existence and Authority.    Borrower is
and will continue to be, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization. Borrower is and will continue to be qualified and licensed to do business in all jurisdictions in
which any failure to do so would result in a Material Adverse Change. The execution, delivery and performance by Borrower of this Agreement, and all other documents contemplated hereby (i) have been duly and validly authorized, (ii) are
enforceable against Borrower in accordance with their terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors’ rights generally), and
(iii) do not violate Borrower’s articles or certificate of incorporation, or Borrower’s by-laws, Borrower’s partnership agreement or operating agreement (as the case may be), or any law or
any material agreement or instrument which is binding upon Borrower or its property, and (iv) do not constitute grounds for acceleration of any indebtedness or obligation under any agreement or instrument which is binding upon Borrower or its
property. 
 3.2 Name; Trade Names and Styles.    The name of Borrower set forth in the
heading to this Agreement is its correct name. Listed in the Representations are all prior names of Borrower and all of Borrower’s present and prior trade names. Borrower shall give Lender 30 days’ prior written notice before changing its
name or doing business under any other name. Borrower has complied, and will in the future comply, in all material respects, with all laws relating to the conduct of business under a fictitious business name. 

3.3 Place of Business; Location of Collateral.    The address set forth in the heading to
this Agreement is Borrower’s chief executive office. In addition, Borrower has places of business and Collateral is located only at

 
the locations set forth in the Representations. Borrower will give Lender at least 30 days prior written notice before opening any additional place of business, changing its chief executive
office, or moving any of the Collateral to a location other than Borrower’s Address or one of the locations set forth in the Representations, without Lender’s prior written consent. 

3.4 Title to Collateral; Perfection; Permitted Liens. 

(a) Borrower is now, and will at all times in the future be, the sole owner of all the Collateral, except for items of
Equipment which are leased to Borrower. The Collateral now is and will remain free and clear of any and all liens, charges, security interests, encumbrances and adverse claims, except for Permitted Liens. Lender now has, and will continue to have, a
first-priority perfected and enforceable security interest in all of the Collateral, subject only to Permitted Liens, and Borrower will at all times defend Lender and the Collateral against all claims of others. 

(b) Borrower has set forth in the Representations all of Borrower’s Deposit Accounts, and Borrower will give Lender
five Business Days advance written notice before establishing any new Deposit Accounts and will cause the institution where any such new Deposit Account is maintained to execute and deliver to Lender a control agreement in form sufficient to perfect
Lender’s security interest in the Deposit Account and otherwise satisfactory to Lender in its good faith business judgment. 

(c) In the event that Borrower shall at any time after the date hereof have any commercial tort claims against others, which
it is asserting or intends to assert, and in which the potential recovery exceeds $50,000, Borrower shall promptly notify Lender thereof in writing and provide Lender with such information regarding the same as Lender shall request. Such
notification to Lender shall constitute a grant of a security interest in the commercial tort claim and all proceeds thereof to Lender, and Borrower shall execute and deliver all such documents and take all such actions as Lender shall request in
connection therewith. 
 (d) None of the Collateral now is or will be affixed to any real property in such a manner, or
with such intent, as to become a fixture. Borrower is not and will not become a lessee under any real property lease pursuant to which the lessor may obtain any rights in any of the Collateral and no such lease now prohibits, restrains, impairs or
will prohibit, restrain or impair Borrower’s right to remove any Collateral from the leased premises. Whenever any Collateral is located upon real property in which any third party has an interest, Borrower shall, whenever requested by Lender,
cause such third party to execute and deliver to Lender, in form acceptable to Lender, such waivers and subordinations as Lender shall specify. Borrower will keep in full force and effect, and will comply with all terms of, any lease of real
property where any of the Collateral now or in the future may be located. 

 

  
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	PMC	  	Loan and Security Agreement            

 
  

 3.5 Maintenance of Collateral.    Borrower
will maintain the Collateral in good working condition (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Lender in writing of any material loss or damage to the
Collateral. 
 3.6 Books and Records.    Borrower has maintained and will maintain at
Borrower’s Address complete and accurate books and records, comprising an accounting system in accordance with GAAP. 

3.7 Financial Condition, Statements and Reports.    All financial statements now or in
the future delivered to Lender have been, and will be, prepared in conformity with GAAP and now and in the future will fairly present the results of operations and financial condition of Borrower, in accordance with GAAP, at the times and for the
periods therein stated. Between the last date covered by any such statement provided to Lender and the date hereof, there has been no Material Adverse Change. 

3.8 Tax Returns and Payments; Pension Contributions.    Borrower has timely filed, and
will timely file, all required tax returns and reports, and Borrower has timely paid, and will timely pay, all foreign, federal, state and local taxes, assessments, deposits and contributions now or in the future owed by Borrower. Borrower may,
however, defer payment of any contested taxes, provided that Borrower (i) in good faith contests Borrower’s obligation to pay the taxes by appropriate proceedings promptly and diligently instituted and conducted, (ii) notifies Lender
in writing of the commencement of, and any material development in, the proceedings, and (iii) posts bonds or takes any other steps required to keep the contested taxes from becoming a lien upon any of the Collateral. Borrower is unaware of any
claims or adjustments proposed for any of Borrower’s prior tax years which could result in additional taxes becoming due and payable by Borrower. Borrower has paid, and shall continue to pay all amounts necessary to fund all present and future
pension, profit sharing and deferred compensation plans in accordance with their terms, and Borrower has not and will not withdraw from participation in, permit partial or complete termination of, or permit the occurrence of any other event with
respect to, any such plan which could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency. 

3.9 Compliance with Law.    Borrower has complied, and will comply, in all respects, with
all provisions of all foreign, federal, state and local laws and regulations applicable to Borrower, including, but not limited to, those relating to Borrower’s ownership of real or

 
personal property, the conduct and licensing of Borrower’s business, and all environmental matters. 

3.10 Litigation.    There is no claim, suit, litigation, proceeding or investigation
pending or threatened against or affecting Borrower in any court or before any governmental agency (or any basis therefor known to Borrower). Borrower will promptly inform Lender in writing of any claim, proceeding, litigation or investigation in
the future threatened or instituted against Borrower. 
 3.11 Use of Proceeds.    All
proceeds of all Loans shall be used solely for Borrower’s working capital. Borrower is not purchasing or carrying any “margin stock” (as defined in Regulation G of the Board of Governors of the Federal Reserve System) and no part of
the proceeds of any Loan will be used to purchase or carry any “margin stock” or to extend credit to others for the purpose of purchasing or carrying any “margin stock.” 

4. ACCOUNTS; INVENTORY. 

4.1 Representations Relating to Accounts; Representations Relating to Inventory. 

(a) Borrower represents and warrants to Lender as follows: Each Account with respect to which Loans are requested by
Borrower shall, on the date each Loan is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or
the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower’s business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below. 

(b) Borrower represents and warrants to Lender as follows: (i) All Eligible Inventory is of good and merchantable
quality, free from defects; and (ii) As to each item of Inventory that is identified by Borrower as Eligible Inventory in a borrowing base report submitted to Lender, such Inventory is not excluded as ineligible by virtue of one or more of the
excluding criteria set forth in the definition of Eligible Inventory. 
 4.2 Representations Relating to Documents
and Legal Compliance.    Borrower represents and warrants to Lender as follows: All statements made and all unpaid balances appearing in all invoices, instruments and other documents evidencing the Accounts are and shall
be true and correct and all such invoices, instruments and other documents and all of Borrower’s books and records are and shall be genuine and in all respects what they purport to be. All sales and other transactions underlying or giving rise
to each Account shall comply in all material respects with all applicable laws and governmental rules and regulations. To the best of Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and agreements relating
to all Accounts are and shall be genuine, and all such documents, instruments and agreements are and shall be legally enforceable in accordance with their terms.

 

  
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 4.3 Schedules and Documents relating to
Accounts.    Borrower shall deliver to Lender transaction reports and schedules of collections, as provided in the Schedule, on Lender’s standard forms; provided, however, that Borrower’s failure to execute and
deliver the same shall not affect or limit Lender’s security interest and other rights in all of Borrower’s Accounts. If requested by Lender, Borrower shall furnish Lender with copies (or, at Lender’s request, originals) of all
contracts, orders, invoices, and other similar documents, and all shipping instructions, delivery receipts, bills of lading, and other evidence of delivery, for any goods the sale or disposition of which gave rise to such Accounts, and Borrower
warrants the genuineness of all of the foregoing. Borrower shall also furnish to Lender an aged accounts receivable trial balance as provided in the Schedule. In addition, Borrower shall deliver to Lender, on its request, the originals of all
instruments, chattel paper, security agreements, guarantees and other documents and property evidencing or securing any Accounts, in the same form as received, with all necessary endorsements, and copies of all credit memos. 

4.4 Collection of Accounts.    Upon future activation of lockbox arrangements, at
Lender’s sole discretion, Borrower agrees that any and all Accounts must be collected through the lockbox arrangements required under this Section 4.4, until such time, Borrower shall have the right to collect all Accounts, unless and
until a Default or an Event of Default has occurred and is continuing. If any Default or Event of Default has occurred and is continuing, Borrower shall hold all payments on, and proceeds of, Accounts in trust for Lender, and Borrower shall
immediately deliver all such payments and proceeds to Lender in their original form, duly endorsed, to be applied to the Obligations in such order as Lender shall determine. If any Event of Default has occurred and is continuing, Lender may,
(a) require that all proceeds of Accounts be deposited by Borrower into a lockbox account, or such other “blocked account” as Lender may specify, pursuant to a blocked account agreement in such form as Lender may specify, and
(b) in that event, Borrower shall notify all Account Debtors to make all payments to the lockbox or blocked account. Lender may also notify all Account Debtors to make all payments to such lockbox or blocked account. Nothing herein limits any
other remedies of Lender on the occurrence of any Default or Event of Default. 
 4.5 Remittance of
Proceeds.    All proceeds arising from the disposition of any Collateral shall be delivered, in kind, by Borrower to Lender in the original form in which received by Borrower not later than the following Business Day
after receipt by Borrower, to be applied to the Obligations in such order as Lender shall determine. Borrower agrees that it will not commingle proceeds of Collateral with any of Borrower’s other funds or

 
property, but will hold such proceeds separate and apart from such other funds and property and in an express trust for Lender. Nothing in this Section limits the restrictions on disposition of
Collateral set forth elsewhere in this Agreement. 
 4.6 Disputes.    Borrower shall
notify Lender promptly of all disputes or claims relating to Accounts. Borrower shall not forgive (completely or partially), compromise or settle any Account for less than payment in full, or agree to do any of the foregoing, except that Borrower
may do so, provided that: (i) Borrower does so in good faith, in a commercially reasonable manner, in the ordinary course of business, and in arm’s length transactions, which are reported to Lender on the regular reports provided to
Lender; (ii) no Default or Event of Default has occurred and is continuing; and (iii) taking into account all such discounts, settlements and forgiveness, the total outstanding Loans will not exceed the Credit Limit. 

4.7 Verification.    Lender may, from time to time, verify directly with the respective
Account Debtors the validity, amount and other matters relating to the Accounts, by means of mail, telephone or otherwise, either in the name of Borrower or Lender or such other name as Lender may choose, and Lender or its designee may, at any time,
notify Account Debtors that it has a security interest in the Accounts. 
 4.8 No
Liability.    Lender shall not be responsible or liable for any shortage or discrepancy in, damage to, or loss or destruction of, any goods, the sale or other disposition of which gives rise to an Account, or for any
error, act, omission, or delay of any kind occurring in the settlement, failure to settle, collection or failure to collect any Account, or for settling any Account in good faith for less than the full amount thereof, nor shall Lender be deemed to
be responsible for any of Borrower’s obligations under any contract or agreement giving rise to an Account. 
 5. ADDITIONAL
DUTIES OF BORROWER. 
 5.1 Financial and Other Covenants.    Borrower shall at
all times comply with the financial and other covenants set forth in the Schedule. 
 5.2
Insurance.    Borrower shall, at all times insure all of the tangible personal property Collateral and carry such other business insurance, with insurers reasonably acceptable to Lender, in such form and amounts as Lender
may require in its good faith business judgment, and Borrower shall provide evidence of such insurance to Lender. All such insurance policies shall name Lender as the exclusive loss payee, and shall contain a lenders loss payee endorsement in form
reasonably acceptable to Lender. Upon receipt of the proceeds of any such insurance, Lender shall have the discretion to either deliver such proceeds (or any portion thereof) to Borrower for the repair or replacement of Collateral or apply such
proceeds (or portion thereof not delivered to 

 

  
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Borrower) in reduction of the Obligations as Lender shall determine in its good faith business judgment; provided, however, so long as no Default or Event of default has occurred
and is continuing at such time, Lender shall not unreasonably withhold its consent to a request from Borrower to use such proceeds for purposes of repairing or replacing the Collateral. If Borrower fails to provide or pay for any insurance, Lender
may, but is not obligated to, obtain the same at Borrower’s expense. Borrower shall promptly deliver to Lender copies of all material reports made to insurance companies. 

5.3 Reports.    Borrower, at its expense, shall provide Lender with the written reports
set forth in the Schedule, and such other written reports with respect to Borrower as Lender shall from time to time specify in its good faith business judgment. 

5.4 Access to Collateral, Books and Records.    At reasonable times, and on one Business
Day’s notice, Lender, or its agents, shall have the right to inspect the Collateral, and the right to audit and copy Borrower’s books and records. Such inspections or audits shall be conducted no more often than four times during each
calendar year, but nothing herein restricts Lender’s right to conduct such audits more frequently if (i) Lender believes that it is advisable to do so in Lender’s good faith business judgment, or (ii) Lender believes in good
faith that a Default or Event of Default has occurred. The foregoing inspections and audits shall be at Borrower’s expense and the charge therefor shall be $900 per person per day (or such higher amount as shall represent Lender’s then
current standard charge for the same), plus reasonable out-of-pocket expenses. 

5.5 Negative Covenants.    Except as may be permitted in the Schedule, Borrower shall
not, without Lender’s prior written consent (which shall be a matter of its good faith business judgment), do any of the following: 

(i) merge or consolidate with another corporation or entity; 

(ii) acquire any assets, except in the ordinary course of business; 

(iii) enter into any other transaction outside the ordinary course of business; 

(iv) sell or transfer any Collateral, except for the sale of finished Inventory in the ordinary course of Borrower’s
business; 
 (v) store any Inventory or other Collateral with any warehouseman or other third party; 

(vi) make any loans of any money or other assets or make any other Investments, other than Permitted Investments;

 (vii) create, incur, assume or permit to be outstanding any Indebtedness
other than (a) the Obligations, (b) trade payables and other contractual obligations to suppliers and customers incurred in the ordinary course of business, (c) other unsecured subordinated Indebtedness in a total principal amount at
any time outstanding for all such other Indebtedness not to exceed $500,000; 
 (viii) guarantee or otherwise become
liable with respect to the obligations of another party or entity; 
 (ix) pay or declare any dividends on, or
distributions with respect to Borrower’s stock (except for dividends payable solely in stock of Borrower and dividends payable to owners for tax liabilities solely attributable to the earnings of Borrower), or make any other distributions,
directly or indirectly, with respect to any equity interest in Borrower; 
 (x) redeem, retire, purchase or otherwise
acquire, directly or indirectly, any of Borrower’s stock or other equity securities; 
 (xi) engage, directly or
indirectly, in any business other than the businesses currently engaged in by Borrower or reasonably related thereto; or 

(xii) dissolve or elect to dissolve. 

Transactions permitted by the foregoing provisions of this Section are only permitted if no Default or Event of Default has occurred and is
continuing, or would occur as a result of such transaction. 
 5.6 Litigation
Cooperation.    Should any third-party suit or proceeding be instituted by or against Lender with respect to any Collateral or relating to Borrower, Borrower shall, without expense to Lender, make available Borrower and
its officers, employees and agents and Borrower’s books and records, to the extent that Lender may deem them reasonably necessary in order to prosecute or defend any such suit or proceeding. 

5.7 Notification of Changes.    Borrower will promptly notify Lender in writing of
(i) any change in its officers or directors, and (ii) any Material Adverse Change. 
 5.8 Further
Assurances.    Borrower agrees, at its expense, on request by Lender, to execute all documents and take all actions, as Lender, may, in its good faith business judgment, deem necessary or useful in order to perfect and
maintain Lender’s perfected first-priority security interest in the Collateral (subject only to Permitted Liens), and in order to fully consummate the transactions contemplated by this Agreement. 

6. TERM. 

6.1 Maturity Date.    This Agreement shall continue in effect until the maturity date set
forth on the Schedule (the “Maturity Date”), subject to Section 6.3 below. 

 

  
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 6.2 Early Termination. 

(a) Early Termination.    This Agreement may be terminated prior to the Maturity Date as follows:
(i) by Borrower on or after the twelve month anniversary of the Effective Date, effective sixty days after written notice of termination is given to Lender; or (ii) by Lender at any time after the occurrence and during the continuance of
an Event of Default, without notice, effective immediately. 
 (b) Revolver.    If this
Agreement is terminated by Borrower or by Lender under this Section 6.2, Borrower shall pay to Lender a termination fee in an amount equal to the following: (i) 1.0% of the Maximum Revolver Amount, if the effective date of termination occurs
during months 1-12 after the Effective Date. The termination fee shall be due and payable on the effective date of termination and thereafter shall bear interest at a rate equal to the highest rate applicable
to any of the Obligations. No termination fee shall be payable on the Revolver if it is never approved by Lender and activated by Borrower. 

(c) Capex Line.    At any time after the Effective Date, Borrower shall have the option to prepay
outstanding debt under the Capex Line (together with all accrued but unpaid interest and the Capex Line Prepayment Fee) in whole, but not in part, upon not less than 60 days prior written notice to Lender. As used herein, the term “Capex Line
Prepayment Fee” means, as of any date of determination, (i) 1.0% of the aggregate original principal amount of advances under the Capex Line, if the effective date of termination occurs during months 1-12
after the Effective Date. The Capex Line Prepayment Fee shall be due from Borrower to Lender upon any prepayment of outstanding debt under the Capex Line, including without limitation any prepayment as a result of an Event of Default or the exercise
of any rights or remedies by Lender following the same. 
 6.3 Payment of
Obligations.    On the Maturity Date or on any earlier effective date of termination, Borrower shall pay and perform in full all Obligations, whether evidenced by installment notes or otherwise, and whether or not all or
any part of such Obligations are otherwise then due and payable. Notwithstanding any termination of this Agreement, all of Lender’s security interests in all of the Collateral and all of the terms and provisions of this Agreement shall continue
in full force and effect until all Obligations have been paid and performed in full; provided that Lender may, in its sole discretion, refuse to make any further Loans after termination. No termination shall in any way affect or impair any right or
remedy of Lender, nor shall any such termination relieve Borrower of any Obligation to Lender, until all of the Obligations have been paid and performed in full. Upon payment and performance in full of all the Obligations, termination of this

 Agreement, and execution and delivery by Borrower to Lender of a general release on
Lender’s standard form, Lender shall promptly terminate its financing statements with respect to the Borrower and deliver to Borrower such other documents as may be required to fully terminate Lender’s security interests. Notwithstanding
any such termination, the indemnity provisions of this Agreement shall continue in full force and effect. 
 7. EVENTS OF DEFAULT AND
REMEDIES. 
 7.1 Events of Default.    The occurrence of any of the following
events shall constitute an “Event of Default” under this Agreement, and Borrower shall give Lender immediate written notice thereof: 

(a) Any warranty, representation, statement, report or certificate made or delivered to Lender by Borrower or any of
Borrower’s officers, employees or agents, now or in the future, shall be untrue or misleading in a material respect when made or deemed to be made; or 

(b) Borrower shall fail to pay when due any Loan or any interest thereon or any other monetary Obligation; or 

(c) the total Loans and other Obligations outstanding at any time shall exceed the Credit Limit; or 

(d) Borrower shall fail to comply with any of the financial covenants set forth in the Schedule, or shall fail to perform
any other non-monetary Obligation which by its nature cannot be cured, or shall fail to permit Lender to conduct an inspection or audit as specified in Section 5.4 hereof; or 

(e) Borrower shall fail to perform any other non-monetary Obligation, which failure
is not cured within five Business Days after the date due; or 
 (f) any levy, assessment, attachment, seizure, lien or
encumbrance (other than a Permitted Lien) is made on all or any part of the Collateral which is not cured within 10 days after the occurrence of the same; or 

(g) any default or event of default occurs under any obligation secured by a Permitted Lien, which is not cured within any
applicable cure period or waived in writing by the holder of the Permitted Lien; or 
 (h) Borrower breaches any material
contract or obligation, which has resulted or may reasonably be expected to result in a Material Adverse Change; or 
 (i)
Dissolution, termination of existence, temporary or permanent suspension of business, insolvency or business failure of Borrower or any Guarantor; or appointment of a receiver, trustee or custodian, for all or any part of the property of, assignment
for the benefit of creditors by, or the commencement of any proceeding by Borrower or any Guarantor under any reorganization, bankruptcy, insolvency, arrangement, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction,
now or in the future in effect 

 

  
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 (j) the commencement of any proceeding against Borrower or any Guarantor
under any reorganization, bankruptcy, insolvency, arrangement, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction, now or in the future in effect, which is not cured by the dismissal thereof within 30 days after the
date commenced; or 
 (k) revocation or termination of, or limitation or denial of liability upon, any guaranty of the
Obligations or any attempt to do any of the foregoing, or death of any Guarantor; or 
 (l) revocation or termination of,
or limitation or denial of liability upon, any pledge of any certificate of deposit, securities or other property or asset of any kind pledged by any third party to secure any or all of the Obligations, or any attempt to do any of the foregoing, or
commencement of proceedings by or against any such third party under any bankruptcy or insolvency law; or 
 (m) Borrower
makes any payment on account of any indebtedness or obligation which has been subordinated to the Obligations other than as permitted in the applicable subordination agreement, or if any Person who has subordinated such indebtedness or obligations
terminates or in any way limits his subordination agreement; or 
 (n) there shall be a change in the record or beneficial
ownership of an aggregate of more than 20% of the outstanding shares of stock of, or equity ownership interest in, Borrower, in one or more transactions, compared to the ownership of—the same in effect on the date hereof, without the prior
written consent of Lender; or 
 (o) there shall be a change in the President, Chief Executive Officer, or Chief Financial
Officer, and such person is not replaced with another person acceptable to Lender in its good faith business judgment within 30 days thereafter; or 

(p) Borrower shall generally not pay its debts as they become due, or Borrower shall conceal, remove or transfer any part of
its property, with intent to hinder, delay or defraud its creditors, or make or suffer any transfer of any of its property which may be fraudulent under any bankruptcy, fraudulent conveyance or similar law; or 

(q) a Material Adverse Change shall occur. 

Lender may cease making any Loans hereunder during any of the above cure periods, and thereafter if an Event of Default has occurred and is
continuing. 
 7.2 Remedies.    Upon the occurrence and during the continuance of any
Event of Default, Lender, at its option, and without notice or demand of any kind (all of which are hereby expressly waived by Borrower), may do any one or more of the following: (a) Cease making

 Loans or otherwise extending credit to Borrower under this Agreement or any other Loan
Document; (b) Accelerate and declare all or any part of the Obligations to be immediately due, payable, and performable, notwithstanding any deferred or installment payments allowed by any instrument or agreement evidencing or relating to any
Obligation; (c) Take possession of any or all of the Collateral wherever it may be found, and for that purpose Borrower hereby authorizes Lender without judicial process to enter onto any of Borrower’s premises without interference to
search for, take possession of, keep, store, or remove any of the Collateral, and remain on the premises or cause a custodian to remain on the premises in exclusive control thereof, without charge for so long as Lender deems it necessary, in its
good faith business judgment, in order to complete the enforcement of its rights under this Agreement or any other agreement; provided, however, that should Lender seek to take possession of any of the Collateral by court process, Borrower hereby
irrevocably waives: (i) any bond and any surety or security relating thereto required by any statute, court rule or otherwise as an incident to such possession; (ii) any demand for possession prior to the commencement of any suit or action
to recover possession thereof; and (iii) any requirement that Lender retain possession of, and not dispose of, any such Collateral until after trial or final judgment; (d) Require Borrower to assemble any or all of the Collateral and make
it available to Lender at places designated by Lender which are reasonably convenient to Lender and Borrower, and to remove the Collateral to such locations as Lender may deem advisable; (e) Complete the processing, manufacturing or repair of
any Collateral prior to a disposition thereof and, for such purpose and for the purpose of removal, Lender shall have the right to use Borrower’s premises, vehicles, hoists, lifts, cranes, and other Equipment and all other property without
charge; (f) Sell, lease or otherwise dispose of any of the Collateral, in its condition at the time Lender obtains possession of it or after further manufacturing, processing or repair, at one or more public and/or private sales, in lots or in
bulk, for cash, exchange or other property, or on credit, and to adjourn any such sale from time to time without notice other than oral announcement at the time scheduled for sale. Lender shall have the right to conduct such disposition on
Borrower’s premises without charge, for such time or times as Lender deems reasonable, or on Lender’s premises, or elsewhere and the Collateral need not be located at the place of disposition. Lender may directly or through any affiliated
company purchase or lease any Collateral at any such public disposition, and if permissible under applicable law, at any private disposition. Any sale or other disposition of Collateral shall not relieve Borrower of any liability Borrower may have
if any Collateral is defective as to title or physical condition or otherwise at the time of sale; (g) Demand payment of, and collect any Accounts and General Intangibles comprising Collateral and, in connection

 

  
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therewith, Borrower irrevocably authorizes Lender to endorse or sign Borrower’s name on all collections, receipts, instruments and other documents, to take possession of and open mail
addressed to Borrower and remove therefrom payments made with respect to any item of the Collateral or proceeds thereof, and, in Lender’s good faith business judgment, to grant extensions of time to pay, compromise claims and settle Accounts
and the like for less than face value; and (h) Demand and receive possession of any of Borrower’s federal and state income tax returns and the books and records utilized in the preparation thereof or referring thereto. All reasonable
attorneys’ fees, expenses, costs, liabilities and obligations incurred by Lender with respect to the foregoing shall be added to and become part of the Obligations, shall be due on demand, and shall bear interest at a rate equal to the highest
interest rate applicable to any of the Obligations. Without limiting any of Lender’s rights and remedies, from and after the occurrence and during the continuance of any Event of Default, the interest rate applicable to the Obligations shall be
increased by an additional five percent per annum (the “Default Rate”). 
 7.3 Standards for Determining
Commercial Reasonableness.    Borrower and Lender agree that a sale or other disposition (collectively, “sale”) of any Collateral which complies with the following standards will conclusively be deemed to be
commercially reasonable: (i) Notice of the sale is given to Borrower at least ten days prior to the sale, and, in the case of a public sale, notice of the sale is published at least five days before the sale in a newspaper of general
circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms; (iii) The sale is conducted at a place designated by
Lender, with or without the Collateral being present; (iv) The sale commences at any time between 8:00 a.m. and 6:00 p.m.; (v) Payment of the purchase price in cash or by cashier’s check or wire transfer, or by deferred payment obligation
acceptable to Lender in its discretion, is required; (vi) With respect to any sale of any of the Collateral, Lender may (but is not obligated to) direct any prospective purchaser to ascertain directly from Borrower any and all information
concerning the same. Lender shall be free to employ other methods of noticing and selling the Collateral, in its discretion, if they are commercially reasonable. 

7.4 Power of Attorney.    Upon the occurrence and during the continuance of any Event of
Default, without limiting Lender’s other rights and remedies, Borrower grants to Lender an irrevocable power of attorney coupled with an interest, authorizing and permitting Lender (acting through any of its employees, attorneys or agents) at
any time, at its option, but without obligation, with or without notice to Borrower, and at Borrower’s expense, to do any or all of the following, in

 Borrower’s name or otherwise, but Lender agrees that if it exercises any right hereunder,
it will do so in good faith and in a commercially reasonable manner: (a) Execute on behalf of Borrower any documents that Lender may, in its good faith business judgment, deem advisable in order to perfect and maintain Lender’s security
interest in the Collateral, or in order to exercise a right of Borrower or Lender, or in order to fully consummate all the transactions contemplated under this Agreement, and all other Loan Documents; (b) Execute on behalf of Borrower, any
invoices relating to any Account, any draft against any Account Debtor and any notice to any Account Debtor, any proof of claim in bankruptcy, any Notice of Lien, claim of mechanic’s, materialman’s or other lien, or assignment or
satisfaction of mechanic’s, materialman’s or other lien; (c) Take control in any manner of any cash or non-cash items of payment or proceeds of Collateral; endorse the name of Borrower upon any
instruments, or documents, evidence of payment or Collateral that may come into Lender’s possession; (d) Endorse all checks and other forms of remittances received by Lender; (e) Pay, contest or settle any lien, charge, encumbrance,
security interest and adverse claim in or to any of the Collateral, or any judgment based thereon, or otherwise take any action to terminate or discharge the same; (f) Grant extensions of time to pay, compromise claims and settle Accounts and
General Intangibles for less than face value and execute all releases and other documents in connection therewith; (g) Pay any sums required on account of Borrower’s taxes or to secure the release of any liens therefor, or both;
(h) Settle and adjust, and give releases of, any insurance claim that relates to any of the Collateral and obtain payment therefor; (i) Instruct any third party having custody or control of any books or records belonging to, or relating
to, Borrower to give Lender the same rights of access and other rights with respect thereto as Lender has under this Agreement; and (j) Take any action or pay any sum required of Borrower pursuant to this Agreement and any other Loan Documents.
Any and all reasonable sums paid and any and all reasonable costs, expenses, liabilities, obligations and attorneys’ fees incurred by Lender with respect to the foregoing shall be added to and become part of the Obligations, shall be payable on
demand, and shall bear interest at a rate equal to the highest interest rate applicable to any of the Obligations. In no event shall Lender’s rights under the foregoing power of attorney or any of Lender’s other rights under this Agreement
be deemed to indicate that Lender is in control of the business, management or properties of Borrower. 
 7.5
Application of Proceeds.    All proceeds realized as the result of any sale of the Collateral shall be applied by Lender to the Obligations, in such order as Lender shall determine in its sole discretion. Any surplus
shall be paid to Borrower or other persons legally entitled thereto; Borrower shall remain liable to Lender for any

 

  
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deficiency. If, Lender, in its good faith business judgment, directly or indirectly enters into a deferred payment or other credit transaction with any purchaser at any sale of Collateral, Lender
shall have the option, exercisable at any time, in its good faith business judgment, of either reducing the Obligations by the principal amount of purchase price or deferring the reduction of the Obligations until the actual receipt by Lender of the
cash therefor. 
 7.6 Remedies Cumulative.    In addition to the rights and remedies
set forth in this Agreement, Lender shall have all the other rights and remedies accorded a secured party under the California Uniform Commercial Code and under all other applicable laws, and under any other instrument or agreement now or in the
future entered into between Lender and Borrower, and all of such rights and remedies are cumulative and none is exclusive. Exercise or partial exercise by Lender of one or more of its rights or remedies shall not be deemed an election, nor bar
Lender from subsequent exercise or partial exercise of any other rights or remedies. The failure or delay of Lender to exercise any rights or remedies shall not operate as a waiver thereof, but all rights and remedies shall continue in full force
and effect until all of the Obligations have been fully paid and performed. 
 8. DEFINITIONS.    As used
in this Agreement, the following terms have the following meanings: 
 “Account Debtor” means the
obligor on an Account. 
 “Accounts” means all present and future “accounts” as defined in the
California Uniform Commercial Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all accounts receivable and other sums owing to Borrower. 

“Affiliate” means, with respect to any Person, a relative, partner, shareholder, director, officer, or
employee of such Person, or any parent or subsidiary of such Person, or any Person controlling, controlled by or under common control with such Person. 

“Business Day” means a day on which Lender is open for business. 

“Capital Expenditures” means all expenditures made and liabilities incurred for the acquisition of any
fixed asset or improvement, replacement, substitution or addition thereto which has a useful life of more than one year and including, without limitation, those arising in connection with any lease of property by Borrower that, in accordance with
GAAP, should be capitalized for financial reporting purposes and reflected as a liability on the balance sheet of Borrower. 

“Code” means the Uniform Commercial Code as adopted and in effect in the State of California from time to
time. 

 “Collateral” has the meaning set forth in Section 2
above. 
 “continuing” and “during the continuance of” when used with reference to a
Default or Event of Default means that the Default or Event of Default has occurred and has not been either waived in writing by Lender or cured within any applicable cure period. 

“Debt Service” means, the payment or scheduled payment of principal and interest of Indebtedness of
Borrower and its Subsidiaries determined on a consolidated basis. 
 “Default” means any event which
with notice or passage of time or both, would constitute an Event of Default. 
 “Default Rate” has the
meaning set forth in Section 7.2 above. 
 “Deposit Accounts” means all present and future
“deposit accounts” as defined in the California Uniform Commercial Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all general and special bank accounts, demand
accounts, checking accounts, savings accounts and certificates of deposit. 
 “Eligible Accounts” means
Accounts arising in the ordinary course of Borrower’s business from the sale of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, which Lender, in its good faith
business judgment, shall deem eligible for borrowing. Without limiting the fact that the determination of which Accounts are eligible for borrowing is a matter of Lender’s good faith business judgment, the following (the “Minimum
Eligibility Requirements”) are the minimum requirements for a Account to be an Eligible Account: 
 (i) the
Account must not be outstanding for more than 90 days from its invoice date (the “Eligibility Period”), 

(ii) the Account must not represent progress billings, or be due under a fulfillment or requirements contract with the
Account Debtor, 
 (iii) the Account must not be subject to any contingencies (including Accounts arising from sales on
consignment, guaranteed sale or other terms pursuant to which payment by the Account Debtor may be conditional), 
 (iv)
the Account must not be owing from an Account Debtor with whom Borrower has any dispute (whether or not relating to the particular Account), 

(v) the Account must not be owing from an Affiliate of Borrower, 

(vi) the Account must not be owing from an Account Debtor which is subject to any insolvency or

 

  
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bankruptcy proceeding, or whose financial condition is not acceptable to Lender, or which, fails or goes out of a material portion of its business, 

(vii) the Account must not be owing from the United States or any department, agency or instrumentality thereof (unless
there has been compliance, to Lender’s satisfaction, with the United States Assignment of Claims Act), 
 (viii) the
Account must not be owing from an Account Debtor located outside the United States or Canada (unless pre-approved by Lender in its discretion in writing, or backed by a letter of credit satisfactory to
Lender), 
 (ix) the Account must not be owing from an Account Debtor to whom Borrower is or may be liable for goods
purchased from such Account Debtor or otherwise (but, in such case, the Account will be deemed not eligible only to the extent of any amounts owed by Borrower to such Account Debtor), 

(x) the Account must not constitute a retention billing/invoice; 

(xi) the Account must not be assigned for collection or designated for such assignment, or an Account for which Lender in
its good faith business judgment determines collection to be doubtful; and 
 (xii) the Account must not be for C.O.D.,
cash in advance, or similar terms. 
 Accounts owing from one Account Debtor will not be deemed Eligible Accounts to the
extent they exceed 30% of the total Accounts outstanding (without the prior written consent of Lender). In addition, if more than 25% of the Accounts owing from an Account Debtor are outstanding for a period longer than their Eligibility Period
(without regard to unapplied credits) or are otherwise not Eligible Accounts, then all Accounts owing from that Account Debtor will be deemed ineligible for borrowing. Lender may, from time to time, in its good faith business judgment, revise the
Minimum Eligibility Requirements, upon written notice to Borrower. 
 “Eligible Equipment” is the
following to the extent it complies with all of Borrower’s representations and warranties to Lender, is acceptable to Lender in all respects, is located at a location which Lender has approved in writing, and is subject to Lender’s duly
perfected, first priority security interest: (a) general purpose equipment, computer equipment, office equipment, test and laboratory equipment, furnishings, subject to the limitations set forth herein, and (b) Other Equipment. 

“Eligible Inventory” means Inventory which Lender, in its good faith business judgment, deems eligible for
borrowing. Without limiting the fact that the determination of which Inventory is eligible for

 borrowing is a matter of Lender’s good faith business judgment, the following are the
minimum requirements for Inventory to be Eligible Inventory: (i) the Inventory must consist of raw materials and finished goods, in good, new and salable condition, not consist of “Perishable Agricultural Commodities” (as such term is
defined in 7 U.S.C. 499a(b)(4)), not be obsolete or unmerchantable, and not be comprised of work in process, packaging and shipping materials or supplies; (ii) the Inventory must meet all applicable governmental standards; (iii) the
Inventory must have been manufactured in compliance with the Fair Labor Standards Act; (iv) the Inventory must conform in all respects to the warranties and representations set forth in this Agreement; (v) the Inventory must be at all
times subject to Lender’s duly perfected, first priority security interest; (vi) the Inventory must be situated at Borrower’s Address or at one of the domestic locations set forth in the Representations provided that there must be at
least $20,000 (calculated at the lower of cost or market value and on a first in, first out basis) at any such domestic location in order to satisfy this eligibility criteria; (vii) the Inventory must not be located on real property leased by
Borrower or in a contract warehouse, in each case, (A) unless either (1) it is subject to a landlord agreement or bailee agreement in favor of Lender executed by the lessor, warehouseman, or other third party, as the case may be, or
(2) a Reserve, in an amount satisfactory to (and in the good faith business judgment of) Lender, in respect of the Inventory at such location has been established by Lender, and (B) unless it is segregated or otherwise separately
identifiable from goods of others, if any, stored on the premises; (viii) the Inventory must not be “slow-moving” (including without limitation, for purposes of this clause (viii), any Inventory held in excess six (6) months);
(ix) Borrower must have had good, valid, and marketable title to such Inventory; (x) the Inventory must not consist of restrictive or custom items (however, private label finished goods shall be deemed eligible if Borrower obtains a “take-or-pay” agreement or permission to sell such inventory to third parties from the owner of such private label, in the event that such owner selects not to
purchase such inventory), or goods that constitute spare parts, supplies used or consumed in Borrower’s business, bill and hold goods, defective goods, “seconds,” or Inventory acquired on consignment; and (xi) the Inventory must
not consist of Inventory in-transit from one location of Borrower to another location of Borrower. 

“Equipment” means all present and future “equipment” as defined in the California Uniform
Commercial Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the
foregoing. 

 

  
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 “Event of Default” means any of the events set forth in
Section 7.1 of this Agreement. 
 “GAAP” means generally accepted accounting principles
consistently applied. 
 “General Intangibles” means all present and future “general
intangibles” as defined in the California Uniform Commercial Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all Intellectual Property, payment intangibles, royalties,
contract rights, goodwill, franchise agreements, purchase orders, customer lists, route lists, telephone numbers, domain names, claims, income tax refunds, security and other deposits, options to purchase or sell real or personal property, rights in
all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and business interruption insurance), payments of insurance and rights to payment of
any kind. 
 “good faith business judgment” means honesty in fact and good faith (as defined in
Section 1201 of the Code) in the exercise of Lender’s business judgment. 
 “Guarantor” means
any Person who has guaranteed, or in the future guarantees, any of the Obligations. 
 “including”
means including (but not limited to). 
 “Indebtedness” means all of Borrower’s present and future
obligations, liabilities, debts, claims and indebtedness, contingent, fixed or otherwise, however evidenced, created, incurred, acquired, owing or arising, whether under written or oral agreement, operation of law or otherwise to any Person, and
includes, without limiting the foregoing (i) the Obligations, (ii) obligations and liabilities of any Person secured by a lien, claim, encumbrance or security interest upon property owned by Borrower, even though Borrower has not assumed
or become liable therefor, (iii) obligations and liabilities created or arising under any lease (including capital leases) or conditional sales contract or other title retention agreement with respect to property used or acquired by Borrower,
even though the rights and remedies of the lessor, seller or lender are limited to repossession (including, without limitation, the Sale-Leaseback Transaction), (iv) all unfunded pension fund obligations and liabilities and (v) deferred taxes.

 “Intellectual Property” means all present and future (a) copyrights, copyright rights,
copyright applications, copyright registrations and like protections in each work of authorship and derivative work thereof, whether published or unpublished, (b) trade secret rights, including all rights to unpatented inventions and know-how, and confidential information; (c) mask work or similar rights available for the protection of semiconductor chips; (d) patents, patent applications and like protections including without
limitation improvements, divisions, continuations, renewals,

 reissues, extensions and
continuations-in-part of the same; (e) trademarks, servicemarks, trade styles, and trade names, whether or not any of the foregoing are registered, and all
applications to register and registrations of the same and like protections, and the entire goodwill of the business of Borrower connected with and symbolized by any such trademarks; (f) computer software and computer software products;
(g) designs and design rights; (h) technology; (i) all claims for damages by way of past, present and future infringement of any of the rights included above; and (j) all licenses or other rights to use any property or rights of a
type described above. 
 “Inventory” means all present and future “inventory” as defined in
the California Uniform Commercial Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in
process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above. 

“Investment” means any beneficial ownership interest in any Person (including stock, securities,
partnership interest, limited liability company interest, or other interests), and any loan, advance or capital contribution to any Person, including the creation or capital contribution to an wholly-owned or partially-owned subsidiary) 

“Investment Property” means all present and future investment property, securities, stocks, bonds,
debentures, debt securities, partnership interests, limited liability company interests, options, security entitlements, securities accounts, commodity contracts, commodity accounts, and all financial assets held in any securities account or
otherwise, and all options and warrants to purchase any of the foregoing, wherever located, and all other securities of every kind, whether certificated or uncertificated. 

“Loan Documents” means, collectively, this Agreement, any Guaranty, any Subordination Agreement, the
Representations, and all other present and future documents, instruments and agreements between Lender and Borrower (or Guarantor, if applicable), including, but not limited to those relating to this Agreement, and all amendments and modifications
thereto and replacements therefor. 
 “Material Adverse Change” means any of the following: (i) a
material adverse change in the business, operations, or financial or other condition of the Borrower, or (ii) a material impairment of the prospect of repayment of any portion of the Obligations; or (iii) a material impairment of the value
or priority of Lender’s security interests in the Collateral. 

 

  
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 “Net Income” means, as calculated on a consolidated basis
for Borrower and its Subsidiaries for any period as at any date of determination, the net profit (or loss), after provision for taxes, of Borrower and its Subsidiaries for such period taken as a single accounting period. 

“Obligations” means all present and future Loans, advances, debts, liabilities, obligations, guaranties,
covenants, duties and indebtedness at any time owing by Borrower to Lender, whether evidenced by this Agreement or any note or other instrument or document, or otherwise, whether arising from an extension of credit, opening of a letter of credit,
banker’s acceptance, loan, guaranty, indemnification or otherwise, whether direct or indirect (including, without limitation, those acquired by assignment and any participation by Lender in Borrower’s debts owing to others), absolute or
contingent, due or to become due, including, without limitation, all interest, charges, expenses, fees, attorney’s fees, expert witness fees, audit fees, letter of credit fees, collateral monitoring fees, closing fees, facility fees, auction
fees, liquidation fees, appraisal fees, termination fees, minimum interest charges and any other sums chargeable to Borrower under this Agreement or under any other Loan Documents. 

“Other Equipment”  is leasehold improvements, intangible property such as computer software and
software licenses, equipment specifically designed or manufactured for Borrower, other intangible property, limited use property and other similar property and soft costs approved by Bank, including taxes, shipping, warranty charges, freight
discounts and installation expenses. 
 “Other Property” means the following as defined in the
California Uniform Commercial Code in effect on the date hereof with such additions to such term as may hereafter be made, and all rights relating thereto: all present and future “commercial tort claims” (including without limitation any
commercial tort claims identified in the Representations), “documents”, “instruments”, “promissory notes”, “chattel paper”, “letters of credit”, “letter-of-credit rights”, “fixtures”, “farm products” and “money”; and all other goods and personal property of every kind, tangible and intangible, whether or not
governed by the Code. 
 “Payment” means all checks, wire transfers and other items of payment received
by Lender (including proceeds of Accounts and payment of the Obligations in full) for credit to Borrower’s outstanding Loans. 

“Permitted Investments” means: 

(i) Investments in Subsidiaries shown on the Representations and existing on the date hereof; 

(ii) cash and cash equivalents;

 (iii) Investments consisting of Deposit Accounts in which Lender has a
first-priority perfected security interest; and 
 (iv) Investments (including debt obligations) received in connection
with the bankruptcy or reorganization of customers or suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business; 

“Permitted Liens” means the following: 

(i) any purchase money security interests in specific items of Equipment listed in the Representations; 

(ii) any leases of specific items of Equipment listed in the Representations; 

(iii) liens for taxes not yet payable; 

(iv) additional security interests and liens which are subordinate to the security interest of Lender and are consented to
in writing by Lender, which consent may be withheld in its good faith business judgment; and 
 (v) security interests
being terminated substantially concurrently with this Agreement. 
 Lender will have the right to require, as a condition
to its consent under subparagraph (iv) above, that the holder of the additional security interest or lien sign an intercreditor agreement on Lender’s then standard form, acknowledge that the security interest is subordinate to the security
interest in favor of Lender, and agree not to take any action to enforce its subordinate security interest so long as any Obligations remain outstanding, and that Borrower agree that any uncured default in any obligation secured by the subordinate
security interest shall also constitute an Event of Default under this Agreement. 
 “Person” means any
individual, sole proprietorship, partnership, joint venture, trust, unincorporated organization, association, corporation, limited liability company, government, or any agency or political division thereof, or any other entity. 

“Representations” means the written Representations and Warranties provided by Borrower to Lender referred
to in the Schedule. 
 “Reserves” means, as of any date of determination, such amounts as Lender may
from time to time establish and revise in its good faith business judgment, reducing the amount of Loans, and other financial accommodations which would otherwise be available to Borrower under the lending formula(s) provided in the Schedule:
(a) to reflect events, conditions, contingencies or risks which, as determined by Lender in its good faith business judgment, do or may adversely affect (i) the Collateral or any other property which is security for the Obligations or its
value (including without limitation any increase in delinquencies of Accounts), (ii) the

 

  
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assets, business or prospects of Borrower or any Guarantor, or (iii) the security interests and other rights of Lender in the Collateral (including the enforceability, perfection and
priority thereof); or (b) to reflect Lender’s good faith belief that any collateral report or financial information furnished by or on behalf of Borrower or any Guarantor to Lender is or may have been incomplete, inaccurate or misleading
in any material respect; or (c) in respect of any state of facts which Lender determines in good faith constitutes an Event of Default or may, with notice or passage of time or both, constitute an Event of Default. 

“Subsidiary” means, with respect to any Person, a Person of which more than 50% of the voting stock or
other equity interests is owned or controlled, directly or indirectly, by such Person or one or more Affiliates of such Person. 

Other Terms.     All accounting terms used in this Agreement, unless otherwise indicated, shall
have the meanings given to such terms in accordance with GAAP, consistently applied. All other terms contained in this Agreement, unless otherwise indicated, shall have the meanings provided by the Code, to the extent such terms are defined therein.

 9. GENERAL PROVISIONS. 

9.1 Computations.    In computing interest on the Obligations, all Payments received
after 12:00 Noon Pacific Time on any day shall be deemed received on the next Business Day, and Payments received by Lender (including proceeds of Receivables and payment of the Obligations in full) shall be deemed applied by Lender on account of
the Obligations two (2) Business Days after receipt by Lender of immediately available funds. Lender shall not be required to credit Borrower’s account for the amount of any item of payment which is unsatisfactory to Lender in its good
faith business judgment, and Lender may charge Borrower’s loan account for the amount of any item of payment which is returned to Lender unpaid. 

9.2 Application of Payments.    All payments with respect to the Obligations may be
applied, and in Lender’s good faith business judgment reversed and re-applied, to the Obligations, in such order and manner as Lender shall determine in its good faith business judgment. 

9.3 Increased Costs and Reduced Return.    If Lender shall have determined that the
adoption or implementation of, or any change in, any law, rule, treaty or regulation, or any policy, guideline or directive of, or any change in, the interpretation or administration thereof by, any court, central bank or other administrative or
governmental authority, or compliance by Lender with any directive of, or guideline from, any central bank or other Governmental Authority or the introduction of, or change in, any accounting principles applicable to Lender (whether or not having
the force of

 
law) shall (i) subject the Lender to any tax, duty or other charge with respect to this Agreement or any Loan made hereunder, or change the basis of taxation of payments to Lender of any
amounts payable hereunder (except for taxes on the overall net income of Lender), (ii) impose, modify or deem applicable any reserve, special deposit or similar requirement against any Loan, or against assets of or held by, or deposits with or for
the account of, or credit extended by, Lender, or (iii) impose on Lender any other condition regarding this Agreement or any Loan, and the result of any event referred to in clauses (i), (ii) or (iii) above shall be to increase the cost to
Lender of making any Loan, or agreeing to make any Loan or to reduce any amount received or receivable by Lender, then, upon demand by Lender, the Borrower shall pay to Lender such additional amounts as will compensate the Agent or such Lender for
such increased costs or reductions in amount. All amounts payable under this Section shall bear interest from the date of demand by the Lender until payment in full to the Lender at the highest interest rate applicable to the Obligations. A
certificate of the Lender claiming compensation under this Section, specifying the event herein above described and the nature of such event shall be submitted by the Lender to the Borrower, setting forth the additional amount due and an explanation
of the calculation thereof, and the Lender’s reasons for invoking the provisions of this Section, and the same shall be final and conclusive absent manifest error. 

9.4 Charges to Accounts.    Lender may, in its discretion, require that Borrower pay
monetary Obligations in cash to Lender, or charge them to Borrower’s Loan account, in which event they will bear interest at the same rate applicable to the Loans. 

9.5 Monthly Accountings.    Lender may provide Borrower monthly with an account of
advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors
discovered by Lender), unless Borrower notifies Lender in writing to the contrary within 60 days after such account is rendered, describing the nature of any alleged errors or omissions. 

9.6 Notices.    All notices to be given under this Agreement shall be in writing and
shall be given either personally or by reputable private delivery service or by regular first-class mail, or certified mail return receipt requested, addressed (i) to Borrower at the address shown in the heading to this Agreement, or
(ii) to Lender at the address shown in the heading to this Agreement with a copy to Lender at 12243 Branford Street, Sun Valley, CA 91352, Attention: T.C. Cheong, or (iii) for either party at any other address designated in writing by one
party to the other party. All notices shall be deemed to have been given upon delivery in the case

 

  
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of notices personally delivered, or at the expiration of one Business Day following delivery to the private delivery service, or two Business Days following the deposit thereof in the United
States mail, with postage prepaid. 
 9.7 Severability.    Should any provision of this
Agreement be held by any court of competent jurisdiction to be void or unenforceable, such defect shall not affect the remainder of this Agreement, which shall continue in full force and effect. 

9.8 Integration.    This Agreement and such other written agreements,
documents and instruments as may be executed in connection herewith are the final, entire and complete agreement between Borrower and Lender and supersede all prior and contemporaneous negotiations and oral representations and agreements, all of
which are merged and integrated in this Agreement. There are no oral understandings, representations or agreements between the parties which are not set forth in this Agreement or in other written agreements signed by the parties in connection
herewith. 
 9.9 Waivers; Indemnity.    The failure of Lender at any time or times
to require Borrower to strictly comply with any of the provisions of this Agreement or any other Loan Document shall not waive or diminish any right of Lender later to demand and receive strict compliance therewith. Any waiver of any default shall
not waive or affect any other default, whether prior or subsequent, and whether or not similar. None of the provisions of this Agreement or any other Loan Document shall be deemed to have been waived by any act or knowledge of Lender or its agents
or employees, but only by a specific written waiver signed by an authorized officer of Lender and delivered to Borrower. Borrower waives the benefit of all statutes of limitations relating to any of the Obligations or this Agreement or any other
Loan Document, and Borrower waives demand, protest, notice of protest and notice of default or dishonor, notice of payment and nonpayment, release, compromise, settlement, extension or renewal of any commercial paper, instrument, account, General
Intangible, document or guaranty at any time held by Lender on which Borrower is or may in any way be liable, and notice of any action taken by Lender, unless expressly required by this Agreement. Borrower hereby agrees to indemnify Lender and its
affiliates, subsidiaries, parent, directors, officers, employees, agents, and attorneys, and to hold them harmless from and against any and all claims, debts, liabilities, demands, obligations, actions, causes of action, penalties, costs and
expenses (including reasonable attorneys’ fees), of every kind, which they may sustain or incur based upon or arising out of any of the Obligations, or any relationship or agreement between Lender and Borrower, or any other matter, relating to
Borrower or the Obligations; provided that this indemnity shall not extend to damages proximately

 
caused by the indemnitee’s own gross negligence or willful misconduct. Notwithstanding any provision in this Agreement to the contrary, the indemnity agreement set forth in this Section
shall survive any termination of this Agreement and shall for all purposes continue in full force and effect. 

9.10 Liability.    NEITHER LENDER NOR ITS PARENT, NOR ANY OF ITS AFFILIATES,
SUBSIDIARIES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR ATTORNEYS SHALL BE LIABLE FOR ANY CLAIMS, DEMANDS, LOSSES OR DAMAGES, OF ANY KIND WHATSOEVER, MADE, CLAIMED, INCURRED OR SUFFERED BY BORROWER OR ANY OTHER PARTY THROUGH THE ORDINARY NEGLIGENCE
OF LENDER, OR ITS PARENT OR ANY OF ITS AFFILIATES, SUBSIDIARIES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR ATTORNEYS, BUT NOTHING HEREIN SHALL RELIEVE LENDER FROM LIABILITY FOR ITS OWN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. NEITHER LENDER NOR ITS
PARENT, NOR ANY OF ITS AFFILIATES, SUBSIDIARIES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR ATTORNEYS SHALL BE RESPONSIBLE OR LIABLE TO BORROWER OR TO ANY OTHER PARTY FOR ANY INDIRECT, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES WHICH MAY BE ALLEGED
AS A RESULT OF ANY FINANCIAL ACCOMMODATION HAVING BEEN EXTENDED, SUSPENDED OR TERMINATED UNDER THIS AGREEMENT OR AS A RESULT OF ANY OTHER ACT, OMISSION OR TRANSACTION. 

9.11 Amendment.    The terms and provisions of this Agreement may not be waived or
amended, except in a writing executed by Borrower and a duly authorized officer of Lender. 
 9.12 Time of
Essence.    Time is of the essence in the performance by Borrower of each and every obligation under this Agreement. 

9.13 Attorneys Fees and Costs.    Borrower shall reimburse Lender for all reasonable
attorneys’ fees and all filing, recording, search, title insurance, appraisal, audit, and other reasonable costs incurred by Lender, pursuant to, or in connection with, or relating to this Agreement (whether or not a lawsuit is filed),
including, but not limited to, any reasonable attorneys’ fees and costs Lender incurs in order to do the following: prepare and negotiate this Agreement and all present and future documents relating to this Agreement; obtain legal advice in
connection with this Agreement or Borrower; enforce, or seek to enforce, any of its rights; prosecute actions against, or defend actions by, Account Debtors; commence, intervene in, or defend any action or proceeding; initiate any complaint to be
relieved of the automatic stay in bankruptcy; file or prosecute any 

 

  
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probate claim, bankruptcy claim, third-party claim, or other claim; examine, audit, copy, and inspect any of the Collateral or any of Borrower’s books and records; protect, obtain possession
of, lease, dispose of, or otherwise enforce Lender’s security interest in, the Collateral; and otherwise represent Lender in any litigation relating to Borrower. If either Lender or Borrower files any lawsuit against the other predicated on a
breach of this Agreement, the prevailing party in such action shall be entitled to recover its reasonable costs and attorneys’ fees, including (but not limited to) reasonable attorneys’ fees and costs incurred in the enforcement of,
execution upon or defense of any order, decree, award or judgment. All attorneys’ fees and costs to which Lender may be entitled pursuant to this Paragraph shall immediately become part of Borrower’s Obligations, shall be due on demand,
and shall bear interest at a rate equal to the highest interest rate applicable to any of the Obligations. 
 9.14
Benefit of Agreement.    The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Lender; provided,
however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Lender, and any prohibited assignment shall be void. No consent by Lender to any assignment shall release Borrower from its
liability for the Obligations. 
 9.15 Joint and Several Liability.    If Borrower
consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower. 

9.16 Limitation of Actions.    Any claim or cause of action by Borrower against Lender,
its directors, officers, employees, agents, accountants or attorneys, based upon, arising from, or relating to this Loan Agreement, or any other Loan Document, or any other transaction contemplated hereby or thereby or relating hereto or thereto, or
any other matter, cause or thing whatsoever, occurred, done, omitted or suffered to be done by Lender, its directors, officers, employees, agents, accountants or attorneys, shall be barred unless asserted by Borrower by the commencement of an action
or proceeding in a court of competent jurisdiction by the filing of a complaint within one year after the first act, occurrence or omission upon which such claim or cause of action, or any part thereof, is based, and the service of a summons and
complaint on an officer of Lender, or on any other person authorized to accept service on behalf of Lender, within thirty (30) days thereafter. Borrower agrees that such one-year period is a reasonable
and sufficient time for Borrower to investigate and act upon any such claim or cause of action. The one-year period provided herein shall not be waived, tolled, or extended except by the written

 
consent of Lender in its sole discretion. This provision shall survive any termination of this Loan Agreement or any other Loan Document. 

9.17 Paragraph Headings; Construction.    Paragraph headings are only used in this
Agreement for convenience. Borrower and Lender acknowledge that the headings may not describe completely the subject matter of the applicable paragraph, and the headings shall not be used in any manner to construe, limit, define or interpret any
term or provision of this Agreement. This Agreement has been fully reviewed and negotiated between the parties and no uncertainty or ambiguity in any term or provision of this Agreement shall be construed strictly against Lender or Borrower under
any rule of construction or otherwise. 
 9.18 Public Announcement.    Borrower hereby
agrees that Lender may make a public announcement of the transactions contemplated by this Agreement, and may publicize the same in marketing materials, newspapers and other publications, and otherwise, and in connection therewith may use the
Borrower’s name, tradenames and logos. 
 9.19 Governing Law; Jurisdiction;
Venue.    This Agreement and all acts, transactions disputes and controversies arising hereunder or relating hereto, and all rights and obligations of the parties shall be governed by, and construed in accordance with,
the internal laws (and not the conflict of laws rules) of the State of California. Each party consents to the jurisdiction of courts located within Los Angeles County California and the referee referred to in Section 9.20 below, and agrees that
the exclusive venue for all actions and proceedings relating directly or indirectly to this Agreement shall be Los Angeles County, California, provided that nothing herein shall limit the right of Lender to bring proceedings against Borrower in the
courts of any other jurisdiction. Any judicial proceeding by Borrower against Lender or any affiliate thereof involving, directly or indirectly, any matter in any way arising out of, related to, or connected with any Loan Document shall be brought
only in a court in Los Angeles County, California, and shall be subject to the provisions of Section 9.20 below. Each party waives any and all rights the party may have to object to the jurisdiction of any such court or said referee, or to
transfer or change the venue of any such action or proceeding from such court or said referee, including, without limitation, any objection to venue or request for change in venue based on the doctrine of forum non conveniens. Borrower
consents to service of process in any action or proceeding brought against it by Lender, by personal delivery, or by mail addressed as set forth in this Agreement or by any other method permitted by law. 

9.20 Dispute Resolution.    Any controversy, dispute or claim between the parties based
upon, arising out of, or in any way relating to: (i) this Agreement or any 

 

  
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supplement or amendment thereto; or (ii) any other present or future instrument or agreement between the parties hereto; or (iii) any breach, conduct, acts or omissions of any of the
parties hereto or any of their respective directors, officers, employees, agents, attorneys or any other person affiliated with or representing any of the parties hereto; in each of the foregoing cases, whether sounding in contract or tort or
otherwise (a “Dispute”) shall be resolved exclusively by judicial reference in accordance with Sections 638 et seq. of the California Code of Civil Procedure (“CCP”) and Rules 3.900 et seq. of the California Rules of Court
(“CRC”), subject to the following terms and conditions. (All references in this section to provisions of the CCP and/or CRC shall be deemed to include any and all successor provisions.) 

(a) The reference shall be a consensual general reference pursuant to CCP Sections 638 and 644(a). Unless the parties
otherwise agree in writing, the reference shall be to a single referee. The referee shall be a retired Judge of the Los Angeles County Superior Court (“Superior Court”) or a retired Justice of the California Court of Appeal or California
Supreme Court. Nothing in this section shall be construed to limit the right of Lender, pending or after the appointment of the referee, to seek and obtain provisional relief from the Superior Court or such referee, or any other court in a
jurisdiction in which any Collateral is located or having jurisdiction over any Collateral, including without limitation, writ of attachment, writ of possession, appointment of a receiver, temporary restraining order and/or preliminary injunction,
or other “provisional remedy” (as such term is defined in CCP Section 1281.8). 
 (b) Within fifteen
(15) days after a party gives written notice in accordance with this Agreement to all other parties to a Dispute that the Dispute exists, all parties to the Dispute shall attempt to agree on the individual to be appointed as referee. If the
parties are unable to agree on the individual to be appointed as referee, the referee shall be appointed, upon noticed motion or ex parte application by any party, by the Superior Court in accordance with CCP Section 640, subject to all rights
of the parties to challenge or object to the appointment, including without limitation the right to peremptory challenge under CCP Section 170.6. If the referee (or any successor referee) appointed by the Superior Court is unable, or at any
time becomes unable, to serve as referee in the Dispute, the Superior Court shall appoint a new referee as agreed to by the parties or, if the parties cannot agree, in accordance with CCP Section 640, which new referee shall then have the same
powers, and be subject to the same terms and conditions, as the predecessor referee. 
 (c) Venue for all proceedings
before the referee, and for any Superior Court proceeding for the appointment of the referee, shall be exclusively within the County of

 
Los Angeles, State of California. The referee shall have the exclusive power to determine whether a Dispute is subject to judicial reference pursuant to this section. Trial, and all proceedings
and hearings on dispositive motions, conducted before the referee shall be conducted in the presence of, and shall be transcribed by, a court reporter, unless otherwise agreed in writing by all parties to the proceeding. The referee shall issue a
written statement of decision, which shall be subject to objections of the parties pursuant to CRC Rule 3.1590 as if the statement of decision were issued by the Superior Court. The referee’s powers include, in addition to those set forth in
CCP Sections 638, et seq., and CRC Rules 3.900 et seq., (i) the power to grant provisional relief, including without limitation, writ of attachment, writ of possession, appointment of a receiver, temporary restraining order and/or preliminary
injunction, or other “provisional remedy” (as such term is defined in CCP Section 1281.8), and (ii) the power to hear and resolve all post-trial matters in connection with the Dispute that would otherwise be determined by the
Superior Court, including without limitation motions for new trial, reconsideration, to vacate judgment, to stay execution or enforcement, to tax costs, and/or for attorneys’ fees. The parties shall, subject to the referee’s power to award
costs to the prevailing party, bear equally the costs of the reference proceeding, including without limitation the fees and costs of the referee and the court reporter. 

(d) The parties acknowledge and agree that (i) the referee alone shall determine all issues of fact and/or law in the
Dispute, without a jury (subject, however, to the right of a party, pending or after the appointment of the referee, to seek and obtain provisional relief from the Superior Court or such referee, including without limitation, writ of attachment,
writ of possession, appointment of a receiver, temporary restraining order and/or preliminary injunction, or other “provisional remedy” (as such term is defined in CCP Section 1281.8)), (ii) the referee does not have the power to
empanel a jury, (iii) the Superior Court shall enter judgment on the decision of the referee pursuant to CCP Section 644(a) as if the decision were issued by the Superior Court, (iv) the decision of the referee shall not be subject to
review by the Superior Court, and (v) the decision of the referee, once entered as a judgment by the Superior Court, shall be binding, final and conclusive, shall have the full force and effect of a judgment of the Superior Court, and shall be
subject to appeal to the same extent as a judgment of the Superior Court. 
 9.21 Mutual Waiver of Jury
Trial.    BORROWER AND LENDER EACH HEREBY WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED UPON, ARISING OUT OF, OR IN ANY WAY RELATING TO, THIS AGREEMENT OR ANY OTHER PRESENT OR FUTURE INSTRUMENT OR
AGREEMENT 

 

  
 -16- 

			
	PMC	  	Loan and Security Agreement            

 
  

 
BETWEEN LENDER AND BORROWER, OR ANY CONDUCT, ACTS OR OMISSIONS OF LENDER OR BORROWER OR ANY OF THEIR DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, ATTORNEYS OR ANY OTHER PERSONS AFFILIATED WITH LENDER
OR BORROWER, IN ALL OF THE FOREGOING CASES, WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE. 
 Borrower: 

REAL GOOD FOOD COMPANY, LLC 
  

			
		
	 By
	 	 /s/ Josh Schreider

		 	Josh Schreider
		 	Managing Member

 Lender: 
 PMC
FINANCIAL SERVICES GROUP, LLC 
  

			
	 By
	 	 /s/ Walter E. Buttkus, III

		 	Walter E. Buttkus, III
		 	President

 

     

 

  
 -17-

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