Document:

EX-10.1

 Exhibit 10.1 

PURCHASE AND SALE AGREEMENT 

AND ESCROW INSTRUCTIONS 

BY AND BETWEEN 
 SELLER:

 M/A-COM TECHNOLOGY SOLUTIONS INC., 

a Delaware corporation 

BUYER: 
 CALARE
PROPERTIES, INC., 
 a Delaware corporation 

Dated as of: May 23, 2016 

 PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS 

Buyer and Seller hereby enter into this Purchase and Sale Agreement and Escrow Instructions (this “Agreement”) as of the
Effective Date. In consideration of the mutual covenants set forth herein, Seller agrees to sell, convey, assign and transfer the Property to Buyer, and Buyer agrees to buy the Property from Seller, on the terms and conditions set forth in this
Agreement. 
 1. DEFINED TERMS. The terms listed below shall have the following meanings throughout this Agreement: 

 

			
	Approvals:	  	All permits, licenses, franchises, certifications, authorizations, approvals and permits issued by any governmental or quasi- governmental authorities for the ownership, operation, use and occupancy of the Property or any part
thereof.
		
	Business Day:	  	Any day that is not a Saturday or Sunday or a legal holiday in the state in which the Real Property is located.
		
	Buyer:	  	Calare Properties, Inc., a Delaware corporation, or its successors, nominees or assigns
		
	Buyer’s Address:	  	 Calare Properties, Inc.
 43 Broad Street

Hudson, MA 01749
 Attn: Bill Manley

Email: wmanley@calare.com
  

With copy to:
  

Brown Rudnick LLP
 One Financial Center

Boston, MA 02111
 Attn: Thomas J. Phillips, Esq.

Email: tphillips@brownrudnick.com
 Attn: Nathaniel H.
Amendola, Esq.
 Email: namendola@brownrudnick.com

		
	Build-to-Suit Lease:	  	The Lease Agreement pursuant to which Buyer (or its nominee or affiliate), as landlord, agrees to lease to Seller, as tenant, that portion of the Land shown as “BTS Parcel” on Exhibit A-1 (the “BTS
Parcel”) including a new building consisting of approximately 50,000 square feet and associated site improvements to be constructed by Buyer (or its nominee or affiliate), at Buyer’s sole cost and expense, on the BTS Parcel, subject to
the terms and conditions of such Lease Agreement, all in a form to be mutually agreed to by Seller and Buyer, each acting in their sole and absolute discretion, prior to the expiration of the Contingency Expiration Date.

  
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	Buyer/Seller Lease:	  	The Lease Agreement pursuant to which Buyer (or its nominee or affiliate), as landlord, agrees to lease to Seller, as tenant, that portion of the Land shown as the “Leased Parcel” on Exhibit A-1 (the “Leased
Parcel”) including the Building and Improvements located thereon, in a form to be mutually agreed to by Seller and Buyer, each acting in their sole and absolute discretion, prior to the expiration of the Contingency Expiration
Date.
		
	Closing:	  	The consummation of the sale and purchase of the Property, as described in Section 8 below.
		
	Closing Date:	  	The date that is thirty (30) days after the expiration of the Contingency Period (the “Scheduled Closing Date”), subject, however, to extension pursuant to Section 8(d).
		
	Contingency Period:	  	The period commencing on the Effective Date and expiring at 5:00 p.m. (Eastern Time) on the date which is sixty (60) days thereafter (the “Contingency Expiration Date”).
		
	Deposit:	  	One Hundred Thousand and 00/100 Dollars ($100,000.00) (the “Initial Deposit”) together with any increase to the same if Buyer deposits the additional sum of One Hundred Thousand and 00/100 Dollars ($100,000.00) (the
“Additional Deposit”) with Escrow Holder pursuant to and subject to the terms of Section 2.
		
	Documents:	  	All documentation owned by Seller and in Seller’s possession or control, including any and all intellectual property rights pertaining to such documentation, related to the Building and the Real Property in Seller’s
possession or control now or on the Closing Date including without limitation all environmental reports, soil reports, utility arrangements (except as expressly set forth herein), warranties, guarantees, indemnities, claims, licenses, applications,
permits, governmental approvals, plans, drawings, specifications, surveys, maps, engineering reports and other technical descriptions, books and records, licenses, authorizations, applications, permits and all other Approvals, and documentation, if
any, related to insurance proceeds and condemnation awards as described on Exhibit B and including all materials listed in Exhibit B, but excluding (i) any documentation reports and any and all other items of any nature relating to the
business operations of Seller (the “Confidential Documents”), which Confidential Documents shall not be disclosed or delivered; and (ii) all rights of ownership or control over any such Documents as are reserved by the preparers of
such Documents pursuant to the terms of such Documents and/or in any agreements relating to the preparation of the such Documents.

  
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	Effective Date:	  	May 23, 2016
		
	Escrow Holder:	  	Kensington Vanguard National Land Services
		
	Escrow Holder’s Address:	  	 39 West 37th Street, 3rd floor
 New
York, NY 10018
 Attention: Jarett Fein, Esq.
 Email:
jfein@kvnational.com

		
	Excluded Items:	  	All personal items, all furniture, trade fixtures and equipment, and all fixtures used exclusively in connection with the specific business (the “Business”) being conducted at the Property by Seller or
an Affiliated Occupant (as hereinafter defined) including but not limited to the following: (i) any apparatus or personal property that is located in or on the Property and used in connection with the Business, (ii) Seller’s artwork, and (iii)
all trade fixtures, equipment, furniture, furnishings, supplies, records, documents, cash, coin and other items of moveable personal property relating to the operation of the Business, and/or any other materials and/or items located within any
engineering, product testing or other laboratory space, including, without limitation, all safes, Seller identification signage, telecommunication equipment, security systems and equipment, infrastructure, satellite dishes and antennas, computers,
computer terminals and computer equipment, network switches and servers, any office equipment (whether leased or owned) located in the Improvements and any personal property belonging to any tenant and/or individual occupying any portion of the
Property. All of the Excluded Items are hereby excluded from the Property to be conveyed hereunder and shall remain the property of Seller.
			
	Exhibits:	  	 Exhibit A:
 Exhibit A-1:

Exhibit B:
 Exhibit C:

Exhibit D:
 Exhibit E:

Exhibit F:
 Exhibit G:

Exhibit H:
	  	 Legal Description of the Land
 Dividing Line
Plan
 Documents
 Deed

Bill of Sale
 FIRPTA Affidavit

Seller’s Closing Certificate
 Buyer’s Closing
Certificate
 Disclosures

		
	Existing Contracts:	  	All written brokerage (other than the brokerage agreement regarding the sale of the Property to Buyer), service, maintenance,

  
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		  	operating, repair, supply, purchase, consulting, professional service, advertising and other contracts to which Seller, or its agents, representatives, employees or predecessors-in-interest is a party, relating to the operation
or management of the Property (but excluding any leases, insurance contracts and any recorded documents evidencing the Permitted Exceptions).
		
	Hale Street Lease Amendment:	  	The Fifth Amendment to Lease to be entered into between ND Hale Street, LLC (an affiliate of Buyer), as landlord, and Seller, as tenant, which modifies a certain lease dated May 31, 2007, as amended, relating to certain premises
in Lowell, Massachusetts known as and numbered 121 Hale Street, in a form to be mutually agreed to by Seller and Buyer, each acting in their sole and absolute discretion, prior to the expiration of the Contingency Expiration Date.
		
	Improvements:	  	All buildings and other improvements owned by Seller located on or affixed to the Land, including, without limitation, the existing building containing approximately 162,000 square feet (including the basement and mechanical
areas) (the “Building”) and the existing parking lots, together with (to the extent existing at the time of Closing) all mechanical systems (including without limitation, all heating, air conditioning and ventilating systems and
overhead doors), all plumbing, electrical, and life-saving systems, electrical equipment, conduits, motors, appliances, boiler pressure systems and equipment, air compressors serving the Building itself (as opposed to serving any Business operations
conducted at the Property by Seller or an Affiliated Occupant (as hereinafter defined)) air lines, gas-fixed unit heaters, baseboard heating systems, water heaters and water coolers, plumbing fixtures, lighting systems (including all fluorescent and
mercury vapor fixtures), transformers, switches, furnaces, bus ducts, controls, risers, installations and sprinkling systems to provide fire protection, serving the Building itself (as opposed to serving any Business operations conducted at the
Property by Seller or an Affiliated Occupant) security, telephone, cabling, storm drainage, and sewer and water systems and facilities, waste handling systems (e.g. acid waste neutralizing systems, scrubbers and air handlers in the Building roof),
fiber optic cables, all cable television fixtures and antenna, elevators, escalators, incinerators, disposals and rest room fixtures located in or upon the Building, and other improvements now or hereafter on the Land. Notwithstanding the foregoing
the sale shall not include the fixtures, equipment, installation and/or improvements which relate to the operation of the Business conducted on the Property by Seller or an Affiliated Occupant, whether attached to the Building or otherwise,
including but not limited to all Excluded Items.

  
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	Land:	  	Those certain parcels of land known as 100 and 144 Chelmsford Street, containing approximately 9.8 acres of land, located in Lowell, Massachusetts, more particularly described in Exhibit A hereto, together with and subject to
all rights and interests appurtenant thereto, including, without limitation, any water and mineral rights, development rights, air rights, easements and all rights of Seller in and to any strips and gores, alleys, passages or other
rights-of-way.
		
	Permitted Exceptions:	  	All of the following: applicable zoning and building ordinances and land use regulations, the lien of taxes and assessments not yet delinquent, any exclusions from coverage set forth in the jacket of any Owner’s Policy of Title
Insurance, any state of facts which would be shown by an accurate survey of the Land and Improvements, any and all violations of building, fire, sanitation, environmental, housing and similar laws and regulations, any encroachments of any nature,
and any existing Certificates of Occupancy, any exceptions caused by Buyer, its agents, representatives or employees, public utility easements of record, all terms and conditions of the Buyer/Seller Lease, and any matters deemed to constitute
Permitted Exceptions under Section 5(d) hereof.
		
	Property:	  	The Real Property and the Documents.
		
	Purchase Price:	  	Four Million Two Hundred Fifty Thousand and 00/100 Dollars ($4,250,000.00).
		
	REA:	  	The Reciprocal Easement Agreement contemplated by each of the Build-to-Suit Lease, Buyer/Seller Lease, and Hale Street Lease Amendment in a form to be mutually agreed to by Seller and Buyer, each acting in their sole and absolute
discretion, prior to the Contingency Expiration Date.
		
	Real Property:	  	The Land and the Improvements.
		
	Seller:	  	M/A-COM Technology Solutions Inc., a Delaware corporation
		
	Seller’s Address:	  	 100 Chelmsford Street
 Lowell, MA 01851

Attn: Chief Financial Officer
 Email:
bob.mcmullan@macom.com

  
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		  	 With a copy to:
  

Scarinci Hollenbeck
 1100 Valley Brook Avenue

Lyndhurst, New Jersey 07071
 Attn: Victor E. Kinon, Esq.

Email: VKinon@scarincihollenbeck.com

		
	Title Company:	  	Kensington Vanguard National Land Services

 2. DEPOSIT AND PAYMENT OF PURCHASE PRICE; INDEPENDENT CONSIDERATION. Within one
(1) Business Day of the Effective Date, Buyer shall deposit the Initial Deposit with Escrow Holder, at Escrow Holder’s office, by check or by wire transfer, funds in the amount of the Initial Deposit as a deposit on account of the Purchase
Price. Immediately upon Escrow Holder’s receipt of the Initial Deposit (and, if applicable, the Additional Deposit), Escrow Holder shall place the same in an interest-bearing account in a federally insured bank reasonably acceptable to Buyer
and Seller (any subsequent references herein to the Deposit shall be deemed to include any interest accrued thereon) and shall deliver to Seller written proof and confirmation of such deposit and the name and account number of the bank in which the
Deposit was placed. 
 Within one (1) business day after the expiration of the Contingency Period, provided that Buyer has provided an
Approval Notice in accordance with Section 4 and that the Agreement has not otherwise been terminated by Buyer in accordance with the terms hereof, Buyer shall deposit the Additional Deposit in immediately available funds with Title
Company to further secure Buyer’s obligations under this Agreement, which Escrow Holder shall promptly deposit with the Initial Deposit and provide the same documentation to Seller as above required. Upon payment of the Additional Deposit, the
term Deposit shall mean the Initial Deposit and the Additional Deposit. At such time as the Additional Deposit has been made by Buyer the entire Deposit shall be nonrefundable except as otherwise specifically provided herein. 

The Deposit (as and when paid to Escrow Holder) shall be held by Escrow Holder in accordance with this Agreement, and, if applicable, in
accordance with Escrow Holder’s standard form of escrow agreement which Escrow Holder, Buyer and Seller agree to execute in addition to this Agreement. 

If the transactions contemplated hereby close as provided herein, the Deposit shall be paid to Seller and shall be credited toward the
Purchase Price and Buyer shall pay through escrow to Seller the balance of the Purchase Price net of all prorations and other adjustments provided for in this Agreement. If Buyer, in its sole discretion, timely elects not to purchase the Property,
by either affirmatively delivering notice of its intention not to purchase the Property during the Contingency Period or by choosing to forgo delivery of an Approval Notice pursuant to Section 4, Buyer shall have the right to direct
Escrow Holder to return the Deposit to Buyer, and no consent on the part of Seller shall be required. If this Agreement is otherwise terminated pursuant to the terms hereof or if the transactions do not close, the Deposit shall be returned to Buyer
or delivered to Seller as otherwise specified in this Agreement. 

  
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 3. DELIVERY OF MATERIALS FOR REVIEW. On or before five (5) Business Days after
the Effective Date, Seller shall make available to Buyer at Buyer’s address set forth in Section 1 above, the Documents for Buyer’s review, to the extent the same are in Seller’s possession or control. In the alternative,
at Seller’s option, Seller may make the Documents available to Buyer on a secure web site, and in such event, Buyer agrees that any item to be delivered by Seller under this Agreement shall be deemed delivered to the extent available to Buyer
on such secured web site. Without limitation on the foregoing, Seller shall make such other non-confidential and/or non-internal documents, files and information reasonably requested by Buyer concerning the Property and which are in Seller’s
possession or control available for Buyer’s inspection at Seller’s general offices or such other location as shall be mutually convenient to the parties. Subject to the terms and conditions of this Agreement, (a) Buyer acknowledges
that any Documents made available by Seller to Buyer concerning the Property are for the convenience of Buyer; (b) any environmental reports or other Property information delivered to Buyer by Seller or its agents or consultants are being made
available solely as an accommodation to Buyer and may not be relied upon by Buyer in connection with the purchase of the Property unless the same has been certified to Buyer by the preparer thereof for reliance (which certification shall be secured
at the sole cost and expense of Buyer); and (c) Buyer agrees that Seller shall have no liability or obligation whatsoever for any inaccuracy in or omission from any Documents. Buyer has conducted, or will conduct pursuant to the provisions of
this agreement, its own investigation of the physical, engineering, environmental and any other condition of the Property to the extent Buyer deems such an investigation to be necessary or appropriate. 

4. BUYER CONTINGENCIES. Buyer’s obligation under this Agreement to purchase the Property and consummate the transactions
contemplated hereby is subject to and conditioned upon, among other things, the satisfaction or waiver by Buyer, in its sole and absolute discretion and in the manner hereinafter provided, of each of the contingencies (individually, a
“Contingency”, and collectively, the “Contingencies”) set forth in this Section 4 in each case within the Contingency Period and Buyer’s timely election to cancel this Agreement in conformance with
the limited cancellation rights herein set forth. 
 (a) Property Review. On or before the expiration of the Contingency Period,
Seller shall have given Buyer an opportunity to conduct its due diligence review, investigation and analysis of the Property (the “Due Diligence Review”) independently or through agents of Buyer’s own choosing, and Buyer shall
have completed and shall be satisfied, in Buyer’s sole and absolute discretion, with Buyer’s Due Diligence Review, which may include, but shall not necessarily be limited to, Buyer’s review, investigation and analysis of: (i) all
of the Documents; (ii) the physical condition of the Property; (iii) the adequacy and availability at reasonable prices of all necessary utilities, including, without limitation, the services necessary to operate the Improvements for
Buyer’s intended use of the Property; (iv) the adequacy and suitability of applicable zoning and Approvals; (v) market feasibility studies; and (vi) such tests and inspections of the Property as Buyer in its sole and absolute
discretion may deem necessary or desirable. Buyer understands and agrees that any on-site inspections of the Property shall occur only during the Due Diligence Period at reasonable times agreed upon by Seller and Buyer after forty-eight
(48) hours prior notice to Seller and shall be conducted so as not to interfere unreasonably with the use and operation of the Property by any occupants of the Property. Seller 

  
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reserves the right to have a representative present during any such investigation. Incident to the execution of this Agreement, and prior to any entry upon the Property, Buyer shall deliver to
Seller a Certificate of Insurance evidencing commercial general liability coverage of One Million ($1,000,000.00), for Buyer’s inspection activities on the Property naming Seller, any affiliate of Seller that is in occupancy of any portion of
the Property (an “Affiliated Occupant”) and any Seller’s lender as additional named insureds thereunder. Buyer hereby agrees to defend, protect, indemnify and hold harmless Seller and, as the case may be, its partners,
trustees, shareholders, directors, members, officers, employees, occupants, lenders and agents, from and against all costs, claims, personal injuries and property damage resulting from Buyer’s inspections of the Property pursuant to this
Agreement or in any manner relating to such entry and such activities; provided, however, such indemnity shall not extend to protect the Seller from any pre-existing liabilities for matters merely discovered by Buyer (i.e., latent environmental
contamination) so long as Buyer’s negligence or willful misconduct do not materially aggravate any pre-existing liability of the Seller. This obligation to indemnify shall survive the Closing and any termination of this Agreement. 

(b) Environmental Audit. On or before the expiration of the Contingency Period, Buyer shall have completed to the satisfaction of
Buyer, in its sole and absolute discretion, and at its sole cost and expense, an environmental audit and assessment of the Real Property (the “Environmental Audit”), including but not limited to the performance of such tests and
inspections as Buyer may deem necessary or desirable, subject to the terms and provisions hereof, in order to determine the presence or absence of any Hazardous Materials (as defined in Section 12(i) hereof). In the event Buyer desires
to undertake soil tests or any other invasive testing at the Property (“Invasive Testing”) (subject to Seller’s prior approval which Seller may withhold in Seller’s sole and unfettered discretion in all instances), Buyer
shall provide Seller with written notification in the form of a detailed scope of work and maps indicating its proposed sampling points prior to such testing, and Seller shall, within five (5) business days of receipt thereof, provide its
approval or disapproval of said Invasive Testing, which approval Seller may withhold in Seller’s sole and unfettered discretion. In the event Buyer desires entry to the Property to perform certain due diligence activities during the Contingency
Period and Seller does not approve of such request, Buyer shall have the right to terminate this Agreement on or before the expiration of the Contingency Period without owing any further liability to Seller. If Buyer makes any test borings or
performs any other inspections or environmental tests that disturb the Property, upon completion of any such test boring or such other inspections or environmental tests, Buyer shall remove from the Property all machinery and equipment used in
connection with such tests and shall promptly restore the Property to substantially the condition which existed immediately prior to such inspections and substantially repair any and all damage caused thereby at Buyer’s sole cost and expense.
Except for environmental reports and studies which Buyer shall deliver to Seller, only upon the request of Seller, Buyer will promptly furnish to Seller copies of any third-party reports received by Buyer relating to the condition of the Property.

 (c) Lease Documents. On or before the Contingency Expiration Date, Buyer, in its sole and absolute discretion, shall have approved
the forms of the Build-to-Suit Lease, Buyer/Seller Lease, Hale Street Lease Amendment and REA. 

  
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 The foregoing Due Diligence Review, Environmental Audit, and Lease Documents Contingencies are
solely for Buyer’s benefit and only Buyer may determine such Contingencies to be satisfied or waived in writing. Buyer shall have the Contingency Period in which to satisfy or waive such Contingencies by delivering written notice to Seller with
a copy to Escrow Holder. A Contingency shall be deemed not to have been satisfied or waived by Buyer unless prior to the expiration of the Contingency Period (time being of the essence as to such delivery), Buyer shall deliver to Seller a written
notice to such effect (each such notice being herein referred to as an “Approval Notice”). 
 Buyer and its agents,
servants, consultants and employees shall maintain as confidential and not disclose any information obtained as a result of or pursuant to the Due Diligence Period and Inspections except to the extent that any law or regulation shall require such
disclosure or if such information shall be subpoenaed by court order. Buyer shall advise (in writing) any agent performing the investigation or inspections on its behalf that such agent must maintain all such information as confidential and may not
disclose such information to any person other than Buyer (or upon Seller’s request, Seller) and/or Buyer’s legal counsel except as may be required by law or if such information shall be subpoenaed by court order. 

If Buyer provides an Approval Notice for all Contingencies, then the Contingencies shall be deemed satisfied or waived and the parties shall,
subject to the satisfaction of all other terms and conditions applicable to the respective parties’ obligations hereunder, be obligated to proceed to Closing. If Buyer does not provide an Approval Notice with respect to any or all of the
Contingencies during the Contingency Period, then such Contingency(ies) shall be deemed not satisfied or waived, and this Agreement shall automatically terminate and be of no further force and effect at the end of the Contingency Period without the
further action of either party. During the Contingency Period Buyer may elect not to purchase the Property for any reason or for no reason whatsoever, all in Buyer’s sole and absolute discretion. Upon any termination under this
Section 4 or under Section 4A below, Escrow Holder shall return the Deposit (if any) to Buyer, and except for those provisions of this Agreement which expressly survive the termination of this Agreement, the parties hereto
shall have no further obligations hereunder. In addition, upon any termination under this Section 4 or under Section 4A below, Buyer shall, upon Seller’s request and at no cost to Seller and without any representation or
warranty by Buyer, deliver to Seller copies of any and all non-privileged tests, studies, reports, documents pertaining to the Property obtained by Buyer during the Contingency Period. 

4A. SELLER’S CONTINGENCIES. Notwithstanding anything to the contrary contained herein, Seller shall have the right to
terminate this Agreement by notice thereof given to Buyer prior to the Contingency Expiration Date if Seller, in its sole sand absolute discretion, shall not have approved the forms of the Build-to-Suit Lease, Buyer/Seller Lease, Hale Street Lease
Amendment and REA. 
 5. TITLE COMMITMENT; SURVEY; SEARCHES. Buyer’s obligation to purchase the Property and to
consummate the transactions contemplated hereby shall also be subject to and conditioned upon Buyer’s having approved the condition of title to the Property and a survey of the Real Property in the manner provided for in this
Section 5 on or prior to the dates set forth herein. 

  
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 (a) Title Commitment. On or before the date which is ten (10) days after the
Effective Date, Buyer shall cause the Title Company to deliver to Seller, Seller’s counsel, and Buyer a commitment (the “Title Commitment”) for the Title Policy (as defined in Section 6 hereof), issued by the Title
Company showing Seller as the owner of good and indefeasible fee simple title to the Real Property, together with legible copies of all documents (“Exception Documents”) referred to in Schedule B of the Title Commitment. 

(b) Survey. Seller shall deliver Seller’s existing ALTA/ACSM survey of the Real Property to Buyer (if in Seller’s
possession), or such other plans or surveys of the Real Property that Seller has in its possession, and Seller shall cooperate with Buyer to obtain, at Buyer’s sole cost and expense, an update of Seller’s existing survey from a surveyor
licensed in the Commonwealth of Massachusetts, which shall be certified to Buyer, Title Company and Buyer’s lender (if applicable) with a certification in accordance with the “Minimum Standard Detail Requirements for ALTA/ACSM Land Title
Surveys,” jointly established and adopted by ALTA and NSPS in 2011 (the “Survey”). 
 (c) Searches. Buyer may
obtain, at its sole cost and expense, current UCC, tax lien and judgment searches with respect to Seller liens, security interests and adverse claims affecting the Seller’s interest in the Real Property (collectively,
“Searches”). 
 (d) Permitted/Unpermitted Exceptions. Buyer shall have the right, on or before ten (10) days
before the end of the Contingency Period, to object in writing (“ Buyer’s Exception Notice”) to any title matters that are not Permitted Exceptions which are disclosed in the Title Commitment or Survey (herein collectively
called “Liens”). Unless Buyer shall timely object to the Liens, such Liens shall be deemed to constitute additional Permitted Exceptions. Any exceptions which are timely objected to by Buyer shall be herein collectively called the
“Title Objections.” If, on or before two (2) Business Days before the end of the Contingency Period, Seller fails to cause or covenant to Buyer in writing to remove or endorse over any Title Objections prior to the Closing in a
manner satisfactory to Buyer in its sole and absolute discretion (Seller having no obligation to agree to cure or correct or to actually cure or correct any such Title Objections and failure to cure a Title Objection shall not constitute a default
by Seller pursuant to this Agreement or otherwise, in each case except as otherwise set forth herein), Buyer may elect, prior to the expiration of the Contingency Period to either (a) terminate this Agreement by giving written notice to Seller
and Escrow Holder or by failing to deliver the Approval Notice in accordance with Section 4, in either of which event the Deposit shall be paid to Buyer and, thereafter, the parties shall have no further rights or obligations hereunder
except for those obligations which expressly survive the termination of this Agreement, or (b) waive any such Title Objections, in which event such Title Objections shall be deemed additional Permitted Exceptions (except as otherwise set forth
herein) and the Closing shall occur as herein provided without any reduction of or credit against the Purchase Price. Buyer shall have the right to amend Buyer’s Exception Notice (“ Buyer’s Amended Exception Notice”) to
reasonably object to any title matters that are not Permitted Exceptions which are disclosed in any supplemental reports or updates to the Title Commitment or Survey delivered to Buyer after the end of the Contingency Period (which title matters
were not reflected in the Title Commitment or Survey provided to Buyer prior to the end of the Contingency Period) provided that Buyer objects to the same within five (5) days after Buyer’s receipt of the applicable supplemental

  
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reports or updates to the Title Commitment or Survey but in no event later than five (5) days prior to Closing. If Seller fails or elects not to take the action requested by Buyer in
Buyer’s Amended Exception Notice within two (2) Business Days of receipt of Buyer’s Amendment Exception Notice, Buyer may elect prior to Closing to proceed under either clause (a) or (b) of the sentence which precedes the
immediately preceding sentence. Notwithstanding anything to the contrary contained in this Agreement, any Lien which is a financial encumbrance such as a mortgage, deed of trust, or other debt security, attachment, judgment, lien for delinquent real
estate taxes and delinquent assessments, mechanic’s or materialmen’s lien, or any lis pendens or notices of lease, any of which is outstanding against the Property, or any part thereof, that is revealed or disclosed by the Title Commitment
or any updates thereto and/or the Searches (herein such matters are referred to as “Impermissible Encumbrances”) shall in no event be deemed a Permitted Exception, and Seller hereby covenants to remove all Impermissible Encumbrances
to which it is a party on or before the Closing Date at Seller’s cost, but not to exceed the Purchase Price, as adjusted by prorations herein provided, under any circumstances. Further notwithstanding anything to the contrary contained in this
Agreement, to the extent that Seller, in its sole and absolute discretion, shall agree in writing to cure or correct a Title Objection then the same shall not be deemed a Permitted Exception (unless Buyer elects to waive the Title Objection pursuant
to its rights set forth above) and Seller hereby covenants to remove the same on or before the Closing Date at Seller’s cost. 
 (e)
Approved Title and Survey. The condition of title as approved by Buyer in accordance with this Section 5 is referred to herein as the “Approved Title” and the Survey as approved by Buyer in accordance with this
Section 5 is referred to herein as the “Approved Survey”. 
 6. DEED; TITLE POLICY. Seller shall
convey the Real Property to Buyer by a quitclaim deed substantially in the form of Exhibit C attached hereto (the “Deed”). As a condition to Buyer’s obligation to consummate the purchase of the Property and other
transactions contemplated hereby, as of Closing the Title Company shall be unconditionally committed to issue to Buyer an ALTA extended coverage Owner’s Policy of Title Insurance in the amount of the Purchase Price, dated effective as of the
date the Deed is recorded and insuring Buyer (or its nominee or assignee, if applicable) as the owner of good and indefeasible fee simple title to the Real Property, free from all Impermissible Encumbrances and subject to no exceptions other than
Permitted Exceptions (the “Title Policy”). To the extent that Seller has elected to do so as provided in Section 5 above, Seller shall deliver to the Title Company reasonable and customary instruments, documents,
payments, indemnities, releases, and evidence of authority relating to the issuance of the Title Policy based upon the requirements of Schedule B of the Title Commitment applicable to Seller, including without limitation affidavit(s) pertaining to
mechanic’s liens, parties in possession, and gap indemnification in form(s) reasonably acceptable to the Title Company (collectively, the “Owner’s Affidavit”). 

7. PRORATIONS. Subject to the terms of the Buyer/Seller Lease, Seller as tenant under the Buyer/Seller Lease shall continue to
be responsible for the payment of all real estate taxes and special assessments, if any, assessed against the Property (“Taxes”), for all charges attributable to the Property for utilities and fuel, including, without limitation,
steam, water, electricity, gas and oil, and for any/all charges under the Existing Contracts. Notwithstanding, Seller shall provide evidence that Seller has notified the required parties of any necessary change in billing attributable to
Seller’s change in interest in the Property (i.e., from owner to tenant). 

  
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 8. CLOSING. 

(a) Closing Requirements. The consummation of the sale and purchase of the Property (the “Closing”) shall be effected
through a closing escrow which shall be established by Seller and Buyer with the Escrow Holder utilizing a so-called “Escrow Closing” (i.e., meaning a Closing which has, on the Closing Date, the concurrent delivery of the documents (as in
this Agreement required) of title, transfer of interests, delivery of the Title Policy or “marked-up” title commitment as described herein and the payment of the Purchase Price). Seller and Buyer shall provide any reasonable and customary
undertakings to the Title Company necessary for the aforedescribed “Escrow” type of Closing to occur. All documents to be delivered at the Closing and all payments to be made shall be delivered on or before the Closing Date as provided
herein. 
 (b) Buyer’s Conditions to Closing. It is a condition to Buyer’s obligation to proceed to Closing and to
consummate the transactions contemplated hereby, that, as of the Closing Date: 
 (i) all of the Seller’s
representations hereunder shall be true and correct in all material respects and Seller’s Closing Certificate delivered pursuant to Section 9 hereof shall not disclose any material qualifications or material changes in Seller’s
representations and warranties set forth in Section 12 hereof; 
 (ii) Seller shall have performed in all
material respects all of its covenants hereunder required to be performed by no later than Closing; 
 (iii) this Agreement
shall not have terminated during the Contingency Period; 
 (iv) the Title Company shall be unconditionally committed to
issue the Title Policy at Closing; 
 (v) The Buyer/Seller Lease shall have been fully executed and be in full force and
effect; 
 (vi) The Built-to-Suit Lease shall have been fully executed and be in full force and effect; 

(vii) The Hale Street Lease Amendment shall have been fully executed and be in full force and effect; and 

(viii) Seller shall have delivered all other documents and other deliveries listed in Section 9 hereof. 

If any condition to Buyer’s obligations set forth in this Section 8(b) is not fulfilled, then Buyer shall have the right to terminate this
Agreement by written notice to Seller delivered on or before the Closing Date (or such sooner date as is herein required), in which event the Deposit shall be 

  
 12 

 
returned to Buyer, all obligations of the parties hereto shall thereupon cease (except for those which survive the early termination of this Agreement as expressly provided herein) and this
Agreement shall thereafter be of no further force and effect, unless such failure of condition constitutes a default on the part of Seller under any other provision of this Agreement, in which case the terms of Section 11(b) shall also
apply. 
 (c) Seller’s Conditions to Closing. It is a condition to Seller’s obligation to proceed to Closing and to
consummate the transactions contemplated hereby, that, as of the Closing Date, 
 (i) all of the Buyer’s representations
and warranties hereunder shall be true and correct in all material respects and the Buyer’s Closing Certificate delivered pursuant to Section 9 hereof shall not disclose any change in Buyer’s Representations and Warranties as
herein set forth; 
 (ii) Buyer shall have performed in all material respects all of its covenants hereunder required to be
performed by no later than Closing; 
 (iii) this Agreement shall not have terminated during the Contingency Period; 

(iv) Buyer shall have delivered all other documents and other deliveries required of it under Section 9 hereof;

 (v) Buyer shall have paid to Seller the full Purchase Price; 

(vi) The Buyer/Seller Lease shall have been fully executed and be in full force and effect; 

(vii) The Hale Street Lease Amendment shall have been fully executed and be in full force and effect; and 

(viii) The Built-to-Suit Lease shall have been fully executed and be in full force and effect. 

If any condition to Seller’s obligations set forth in this Section 8(c) hereunder is not fulfilled, then Seller shall have the right to
terminate this Agreement by written notice to Buyer, in which event all obligations of the parties hereto shall thereupon cease (except for those which survive the early termination of this Agreement as expressly set forth herein) and this Agreement
shall thereafter be of no further force and effect, unless such failure of conditions constitutes a default hereunder on the part of Buyer under any provisions of this Agreement in which event the terms of Section 11(a) shall also apply
and Seller shall be entitled to the Deposit in accordance with Section 11(a) of this Agreement if Buyer failed to consummate the Closing when required with all Buyer’s conditions precedent to Closing having been satisfied, but
otherwise the Deposit, less the Independent Contract Consideration, shall be returned to Buyer. 

  
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 (d) Extension Rights. Buyer and Seller shall each have a one-time right to extend the
Closing Date (regardless whether the other has extended the same or not pursuant to this Section 8(d)) for up to five (5) Business Days for any reason (the “Extension Period”) by (i) giving written notice of
such election to the other party on or before 5:00 p.m. (Eastern) on the date that is two (2) Business Days prior to the Scheduled Closing Date. 

9. ESCROW. 
 (a)
Seller’s Closing Deliveries. On or before the day prior to the Closing Date, Seller shall deliver to Escrow Holder the following documents and materials, all of which shall be in such form and substance as required hereunder: 

(i) Deed; Transfer Declarations. The Deed, duly executed, acknowledged and in recordable form, accompanied by all
necessary transfer tax declarations of Seller as may be required under applicable law in order to permit the recording of the Deed. 

(ii) Bill of Sale and Assignment. A duly executed and acknowledged bill of sale and assignment for the Documents,
conveying and assigning to Buyer all of the Documents in the form of Exhibit D attached hereto (the “Bill of Sale”). 

(iii) Buyer/Seller Lease. Two (2) originals of the Buyer/Seller Lease signed by Seller as tenant. 

(iv) Built-to-Suit Lease. Two (2) originals of the Built-to-Suit Lease signed by Seller as tenant. 

(v) Hale Street Lease Amendment. Two (2) originals of the Hale Street Lease Amendment signed by Seller as tenant.

 (vi) Title Clearance Documents. An Owner’s Affidavit executed by Seller and a “gap” undertaking duly
executed by Seller in a form reasonably acceptable to the Title Company. 
 (vii) FIRPTA Affidavit. A non-foreign
certification, duly executed by Seller under penalty of perjury, certifying that Seller is not a “foreign person”, pursuant to Section 1445 (as may be amended) of the Internal Revenue Code of 1986, as amended in the form of Exhibit
E attached hereto (“Section 1445”) (the “FIRPTA Affidavit”). If Seller shall fail or be unable to deliver the same, then Buyer shall have the right to withhold such portion of the Purchase Price as may be
necessary, in the reasonable opinion of Buyer and its counsel, to comply with Section 1445 and applicable law. 
 (viii)
Authority Documents. Such other documents as the Title Company may reasonably require including evidence confirming the due authorization, execution and delivery of this Agreement and the other documents to be executed in connection herewith
by Seller. 

  
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 (ix) Seller’s Closing Certificate. A certificate duly executed by
Seller in the form of Exhibit F attached hereto (the “Seller’s Closing Certificate”). 
 (x)
Other Documents. Such other documents as may reasonably be required to be delivered by Seller pursuant to the terms of this Agreement, duly executed and acknowledged by Seller (as applicable). 

On or prior to the Closing Date, Seller shall deliver to Buyer the following documents and materials: 

(1) Documents. Originals of all Documents to the extent in Seller’s possession or reasonable control, if not
already delivered, or copies of same to the extent originals do not exist and those books and records which are not Seller’s internal and/or confidential records (including those in electronic format) reasonably required in connection with the
maintenance and operation of the Property, which Buyer may not rely upon and for which Seller shall have no responsibility as to the accuracy and/or the content thereof. 

(2) Keys; Manuals. Keys to all entrance doors in the Improvements, properly tagged for identification, and, to the
extent in Seller’s possession or reasonable control, all operating manuals relating to operation of the equipment and systems which are part of the Property, except for keys for internal locations which are private and/or within which
confidential documents are contained. 
 (3) Closing Statement. A duplicate counterpart of a closing statement
prepared by Escrow Holder subject to the approval of Seller and Buyer (the “Closing Statement”), setting forth all prorations and credits required hereunder, signed by Seller. 

To the extent that Seller identifies any documents or materials that should have been turned over to Buyer at Closing pursuant to this
Section 9(a), the obligation for Seller to deliver such materials shall survive Closing. 
 (b) Buyer’s Deliveries at
Closing. On or before the Closing Date, Buyer shall deliver to Escrow Holder the Purchase Price for the Property as provided in Section 2. On or prior to the day prior to the Closing Date, Buyer shall deliver to Escrow Holder two
(2) duly executed counterparts of the Buyer/Seller Lease signed by Buyer (or its nominee or affiliate) as landlord, two (2) duly executed counterparts of the Built-to-Suit Lease signed by Buyer (or its nominee or affiliate) as landlord,
two (2) duly executed counterparts of the Hale Street Lease Amendment signed by ND Hale Street, LLC as landlord, two (2) duly executed counterparts of the Closing Statement, the Buyer’s Closing Certificate duly executed by Buyer in
the form attached hereto as Exhibit G, executed Closing Instructions to Escrow Holder approved by Seller, such other documents as Seller and/or the Title Company may reasonably require including evidence confirming the due authorization,
execution and delivery of any document executed by Buyer, and the other documents as may be reasonably required to be delivered by Buyer pursuant to the terms of this Agreement, duly executed and acknowledged by Buyer (as applicable). 

  
 15 

 (c) Closing Instructions. This Agreement shall constitute both an agreement between Buyer
and Seller and escrow instructions for Escrow Holder. If Escrow Holder requires separate or additional escrow instructions which it reasonably deems necessary for its protection, Seller and Buyer hereby agree promptly upon request by Escrow Holder
to execute and deliver to Escrow Holder such separate or additional standard escrow instructions of Escrow Holder (the “Additional Instructions”). In the event of any conflict or inconsistency between this Agreement and the
Additional Instructions, this Agreement shall prevail and govern, and the Additional Instructions shall so provide. The Additional Instructions shall not modify or amend the provisions of this Agreement or impose any additional obligations upon
either Seller or Buyer, unless otherwise agreed to in writing by Seller and Buyer. 
 (d) Procedures Upon Failure of Condition.
Except as otherwise expressly provided herein, if any of the conditions set forth in this Agreement is not timely satisfied or waived for a reason other than the default of Buyer or Seller in the performance of their respective obligations under
this Agreement: 
 (i) This Agreement, the escrow and the respective rights and obligations of Seller and Buyer hereunder
shall terminate, subject to the survival of such obligations hereunder as survive such termination; 
 (ii) Escrow Holder
shall promptly return to Buyer all funds of Buyer in its possession, including the Deposit, and to Seller and Buyer all documents deposited by them respectively, which are then held by Escrow Holder; and 

(iii) Any escrow cancellation and title charges shall be shared equally buy Buyer and Seller. 

(e) Actions of Escrow Holder. On the Closing Date, provided Buyer and Seller have satisfied (or waived in writing) the conditions set
forth in this Agreement and any Additional Instructions, Escrow Holder shall take the following actions: 
 (i) Deliver to
Buyer the closing documents required to be delivered to Buyer under this Agreement and any supplemental instructions provided by Buyer; 

(ii) Deliver to Seller in cash or current funds, all sums due Seller pursuant to this Agreement and any documents required to
be delivered to Seller under this Agreement and any supplemental instructions provided by Seller; 
 (iii) Record the Deed in
the Recording Location; 
 (iv) Cause the Title Company to issue and deliver the Title Policy to Buyer; and 

(v) Deliver to Seller and Buyer the Closing Statement which has been approved by Buyer and Seller and certified by Escrow
Holder to be true and correct. 

  
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 10. CLOSING COSTS; PROPERTY COSTS. Seller shall pay: (a) Any deed taxes,
documentary stamps, transfer taxes, intangible taxes or other similar taxes, fees or assessments; (b)  1⁄2 of the escrow fees and other charges owing to Escrow
Holder; and (c) all of the Seller’s legal fees and expenses and the cost of all performances by Seller of its obligations hereunder. 

Buyer shall pay: (a) the cost of recording the deed; (b) the cost of the Title Policy and for all endorsements to the Title Policy
requested by Buyer; (c)  1⁄2 of the escrow fees and other charges owing to Escrow Holder; (d) the cost of updating the Survey; and (e) all of
Buyer’s legal fees and expenses and the cost of all performances by Buyer of its obligations hereunder (including costs associated with its Due Diligence Review). 

All other closing costs shall be allocated between Buyer and Seller in accordance with local custom or otherwise paid by the party incurring
such costs. 
 11. REMEDIES. 

(a) LIQUIDATED DAMAGES ON BUYER’S DEFAULT. BUYER AND SELLER HEREBY ACKNOWLEDGE AND AGREE THAT, IN THE EVENT THE CLOSING FAILS TO
OCCUR DUE TO A BUYER DEFAULT, SELLER WILL SUFFER DAMAGES IN AN AMOUNT WHICH WILL, DUE TO THE SPECIAL NATURE OF THE TRANSACTION CONTEMPLATED BY THIS AGREEMENT AND THE SPECIAL NATURE OF THE NEGOTIATIONS WHICH PRECEDED THIS AGREEMENT, BE IMPRACTICAL OR
EXTREMELY DIFFICULT TO ASCERTAIN. IN ADDITION, BUYER WISHES TO HAVE A LIMITATION PLACED UPON THE POTENTIAL LIABILITY OF BUYER TO SELLER IN THE EVENT THE CLOSING FAILS TO OCCUR DUE TO A BUYER DEFAULT, AND WISHES TO INDUCE SELLER TO WAIVE OTHER
REMEDIES WHICH SELLER MAY HAVE IN THE EVENT OF SUCH A BUYER DEFAULT. BUYER AND SELLER, AFTER DUE NEGOTIATION, HEREBY ACKNOWLEDGE AND AGREE THAT THE AMOUNT OF THE DEPOSIT REPRESENTS A REASONABLE ESTIMATE OF THE DAMAGES WHICH SELLER WILL SUSTAIN IN
THE EVENT OF SUCH BUYER DEFAULT. BUYER AND SELLER HEREBY AGREE THAT SELLER MAY, IN THE EVENT THE CLOSING FAILS TO OCCUR DUE TO A BUYER DEFAULT (ALL OF THE CONDITIONS TO BUYER’S OBLIGATIONS TO CLOSE HAVING BEEN SATISFIED OR WAIVED), AS ITS SOLE
AND EXCLUSIVE REMEDY TERMINATE THIS AGREEMENT AND CANCEL THE ESCROW BY WRITTEN NOTICE TO BUYER AND ESCROW HOLDER, WHEREUPON ESCROW HOLDER SHALL DELIVER THE DEPOSIT TO SELLER AND SELLER SHALL RECEIVE THE DEPOSIT AS LIQUIDATED DAMAGES FOR SUCH DEFAULT
AND SELLER WAIVES ALL OTHER REMEDIES. SUCH RETENTION OF THE DEPOSIT BY SELLER IS INTENDED TO CONSTITUTE LIQUIDATED DAMAGES TO SELLER AND SHALL NOT BE DEEMED TO CONSTITUTE A FORFEITURE OR PENALTY. FOLLOWING TERMINATION OF THIS AGREEMENT, CANCELLATION
OF THE ESCROW AND THE DELIVERY TO AND RETENTION OF THE DEPOSIT BY SELLER AS LIQUIDATED DAMAGES PURSUANT TO THIS SECTION 11(a), ALL OF THE RIGHTS AND OBLIGATIONS OF BUYER AND SELLER UNDER THIS AGREEMENT SHALL BE TERMINATED SUBJECT TO SURVIVAL
OF SUCH OBLIGATIONS HEREUNDER AS SURVIVE SUCH TERMINATION. 

  
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 (b) Buyer’s Remedies. In the event of a default by Seller of its obligation to
proceed to Closing under this Agreement, Buyer may, at its option, (i) terminate this Agreement in which case the Deposit shall be immediately returned to Buyer, or (ii) specifically enforce the terms and conditions of this Agreement. 

(c) Aggregate Liability. Without limiting Buyer’s specific performance remedy under Section 11(b), Seller’s
aggregate liability to Buyer under this Agreement after the Closing as a result of a breach of any representation or warranty or any other covenant or indemnity made by Seller shall in no event collectively exceed One Hundred Thousand and 00/100
Dollars ($100,000.00), in the aggregate (the “Claim Cap”) and in no event shall Seller be responsible or liable for any consequential damages, damages for lost business, and/or any other indirect damages. Seller agrees that it shall
maintain a minimum net worth equal to the Claim Cap during the Survival Period (as defined in Section 16 below). Alternatively, at the election of Seller, and subject to Buyer’s reasonable consent, Seller may cause one its members
or affiliated entities to assume the obligations of Seller under this Section 11(c); provided that Seller shall provide notice to Buyer of such election along with evidence of the parent company’s assumption of these obligations in
a form reasonably acceptable to Buyer (which form shall certify to the parent company’s ability to assume Seller’s financial obligations). The obligations of Seller under this Section 11(c) shall survive Closing. For purposes
of this Section 11(c), the Survival Period shall be deemed extended to include any period during which a claim is pursued, provided that such claim is instituted and notice thereof is delivered to Seller before the otherwise applicable
expiration date of the Survival Period. Notwithstanding anything to the contrary herein, the limitation of Seller’s liability set forth in this Section 11(c) shall not apply to any liabilities or obligations of Seller under
Sections 7, 10, 21 and 28, or any Seller liability for claims brought under applicable law based on fraud or intentional misrepresentation. 

12. SELLER’S REPRESENTATIONS AND WARRANTIES. As a material inducement to the execution and delivery of this Agreement by
Buyer and the performance by Buyer of its duties and obligations hereunder, Seller does hereby acknowledge, represent and agree to and with Buyer that as of the Effective Date and as of the Closing Date: 

(a) Delivery of Written Materials. To Seller’s knowledge, Seller has not made to Buyer any misstatement of any material fact
relating to the Property, or this Agreement, nor failed to deliver to Buyer any written materials in Seller’s possession or of which Seller has knowledge which contain information that would have a material adverse impact on Buyer’s
ability to use and operate the Property as it is currently being used and operated. 
 (b) Compliance With Laws. Except as disclosed
on Exhibit H, Seller has received no written notice of, and to Seller’s knowledge there are no material violations of, any legal requirement affecting the Property which have not been corrected in all material respects. 

(c) Litigation. Except as disclosed on Exhibit H, Seller has not received written notice of any pending or to Seller’s
knowledge threatened litigation or governmental proceeding adversely affecting Seller, or the Property, which relates to the Property, the validity or enforceability of this Agreement or any instrument or document to be delivered by Seller in
connection with the transactions contemplated hereby. 

  
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 (d) Existing Contracts. Seller is not a party to, and, to Seller’s knowledge, the
Property is not subject to, any contract or agreement of any kind whatsoever, written or oral, with respect to the Property that would be binding upon Buyer after Closing, other than the Permitted Exceptions. 

(e) Proceedings. Except as disclosed on Exhibit H, there is no pending, or to Seller’s knowledge, threatened litigation or
other proceeding against Seller related to the Property, or which may affect Seller’s ability to convey the Property (including without limitation any condemnation action). 

(f) Due Authorization. Seller is a corporation organized, validly existing and in good standing under the laws of the State of
Delaware. Seller has full power to execute, deliver and carry out the terms and provisions of this Agreement and each of the other agreements, instruments and documents herein required to be made or delivered by Seller pursuant hereto, and has taken
(or, as it relates to the agreements instruments and documents required to be delivered after the Effective Date, will take prior to Closing), all necessary action in connection with the execution, delivery and performance of this Agreement and such
other agreements, instruments and documents. The individuals executing this Agreement and all other agreements, instruments and documents herein required to be made or delivered by Seller pursuant hereto on behalf of Seller are and shall be duly
authorized to sign the same on Seller’s behalf and to bind Seller thereto. 
 (g) Enforceability. This Agreement has been, and
each and all of the other agreements, instruments and documents herein required to be made or delivered by Seller pursuant hereto have been, or on the Closing Date will have been, executed by Seller and when so executed, are and shall be legal,
valid, and binding obligations of Seller enforceable against Seller in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting the rights of creditors
generally and, as to enforceability, the general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). 

(h) No Conflict. The execution and delivery of, and consummation of the transactions contemplated by, this Agreement by Seller are not
prohibited by, and will not conflict with, constitute grounds for termination of, or result in the breach of any agreement or instrument to which Seller is now a party or by which it or the Property is bound, or, to the knowledge of Seller, any
order, rule or regulation of any court or other governmental agency or official. 
 (i) Environmental Matters. To Seller’s
knowledge without investigation and except as has been disclosed to Buyer, none of the Property, including subsurface soil and groundwater, contains any Hazardous Materials. As used in this Agreement, “Hazardous Materials” shall
mean any asbestos, flammable substances, explosives, radioactive materials, mold, PCB laden oil, hazardous waste, pollutants, contaminates, toxic substances, pollution or related materials specified as such in, or regulated under any federal, state
or local laws, ordinances, rules, regulations or policies governing use, storage, treatment, transportation, manufacture, refinement, handling, production or disposal of such materials but excluding office supplies, cleaning materials, personal
grooming items or other items that are sold for consumer or commercial use and typically used in other similar buildings or space. 

  
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 (j) Leases. There are no leases, licenses, subleases, occupancy agreements or other
agreements for the use, possession or occupancy of any portions of the Real Property. 
 (k) Bankruptcy Matters. Seller has not made
a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its creditors, suffered the appointment of a receiver to take possession of substantially all of its
assets, suffered the attachment or other judicial seizure of substantially all of its assets, admitted its inability to pay its debts as they come due, or made an offer of settlement, extension or composition to its creditors generally. 

(l) Approvals. To Seller’s knowledge, without investigation, Seller has heretofore delivered to Buyer (or will make available to
Buyer as part of the Documents) true complete copies of all Approvals secured by Seller. Seller has not received any currently effective notice in writing of any uncured material breach or default under any of the Approvals. 

(m) OFAC. Seller is not, nor will it become, a person or entity with whom U.S. persons or entities are restricted from doing business
under regulations of the Office of Foreign Asset Control of the Department of the Treasury (including those named on OFAC’s Specially Designated and Blocked Persons List) or under any statute, executive order (including the September 24,
2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action. 

13. BUYER’S REPRESENTATIONS AND WARRANTIES. As a material inducement to the execution and delivery of this Agreement by
Seller and the performance by Seller of its duties and obligations hereunder, Buyer does hereby acknowledge, warrant, represent and agree to and with Seller that as of the Effective Date and as of the Closing Date: 

(a) Due Authorization. Buyer is a corporation organized, validly existing and in good standing under the laws of the State of Delaware.
Buyer has full power to execute, deliver and carry out the terms and provisions of this Agreement and each of the other agreements, instruments and documents herein required to be made or delivered by Buyer pursuant hereto, and, has taken all
necessary action to authorize the execution, delivery and performance of this Agreement and such other agreements, instruments and documents. The individuals executing this Agreement and all other agreements, instruments and documents herein
required to be made or delivered by Buyer pursuant hereto on behalf of Buyer are or will be duly authorized to sign the same on Buyer’s behalf and to bind Buyer thereto. 

(b) Enforceability. This Agreement has been, and each and all of the other agreements, instruments and documents herein required to be
made or delivered by Buyer pursuant hereto have been, or on the Closing Date will have been, executed by Buyer or on behalf of Buyer, and when so executed, are and shall be legal, valid, and binding obligations of Buyer enforceable against Buyer in
accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting the rights of creditors generally and, as to enforceability, the general principles of equity
(regardless of whether enforcement is sought in a proceeding in equity or at law). 

  
 20 

 (c) No Conflict. The execution and delivery of, and consummation of the transactions
contemplated by, this Agreement by Buyer are not prohibited by, and will not conflict with, constitute grounds for termination of, or result in the breach of any agreement or instrument to which Buyer is now a party or by which it is bound, or any
order, rule or regulation of any court or other governmental agency or official. 
 (d) OFAC. Buyer is not, nor will it become, a
person or entity with whom U.S. persons or entities are restricted from doing business under regulations of the Office of Foreign Asset Control of the Department of the Treasury (including those named on OFAC’s Specially Designated and Blocked
Persons List) or under any statute, executive order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental
action. 
 (e) AS-IS. 

(i) BUYER AGREES THAT BUYER IS PURCHASING THE PROPERTY ON AN “AS IS, WHERE IS” BASIS AND, EXCEPT FOR THE EXPRESS
COVENANTS, REPRESENTATIONS AND WARRANTIES BY SELLER IN THIS AGREEMENT, (A) SELLER MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, EITHER ORAL OR WRITTEN, WITH RESPECT TO THE PHYSICAL OR STRUCTURAL CONDITION OF THE
PROPERTY, FINANCIAL PROJECTIONS, THE FINANCIAL CONDITION AND/OR VIABILITY OF ANY TENANT, THE PROPERTY’S COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT, WITH RESPECT TO THE EXISTENCE OR ABSENCE OF TOXIC OR HAZARDOUS MATERIALS, SUBSTANCES OR
WASTES IN, ON, UNDER OR AFFECTING THE PROPERTY OR ANY INFORMATION SUPPLIED BY OR SECURED FROM PUBLIC AGENCIES OR GOVERNMENT SOURCES; (B) SELLER HAS NOT MADE AND HEREBY MAKES NO WARRANTY OR REPRESENTATION WHATSOEVER REGARDING THE FITNESS FOR
PARTICULAR PURPOSE, QUALITY OR MERCHANTABILITY OF THE PROPERTY OR ANY PORTION THEREOF; AND (C) SELLER IS NOT LIABLE OR BOUND IN ANY MANNER BY ANY WARRANTIES, EITHER EXPRESSED OR IMPLIED, GUARANTEES, PROMISES, STATEMENTS, REPRESENTATIONS OR
INFORMATION PERTAINING TO THE PROPERTY MADE OR FURNISHED BY ANY REAL ESTATE AGENT, BROKER, EMPLOYEE, SERVANT OR OTHER PERSON REPRESENTING OR PURPORTING TO REPRESENT SELLER. 

(ii) BUYER ALSO ACKNOWLEDGES THAT THE PURCHASE PRICE REFLECTS AND TAKES INTO ACCOUNT THAT THE PROPERTY IS BEING SOLD
“AS-IS.” 

  
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 (iii) BUYER REPRESENTS TO SELLER THAT BUYER IS A SOPHISTICATED BUYER OF REAL
ESTATE AND HAS CONDUCTED, OR WILL CONDUCT PRIOR TO CLOSING, SUCH INVESTIGATIONS OF THE PROPERTY, INCLUDING BUT NOT LIMITED TO, THE PHYSICAL AND ENVIRONMENTAL CONDITIONS THEREOF, AS BUYER DEEMS NECESSARY OR DESIRABLE TO SATISFY ITSELF AS TO THE
CONDITION OF THE PROPERTY AND THE EXISTENCE OR NONEXISTENCE OR CURATIVE ACTION TO BE TAKEN, IF ANY, WITH RESPECT TO ANY HAZARDOUS OR TOXIC SUBSTANCES ON OR DISCHARGED FROM THE PROPERTY, AND WILL RELY SOLELY UPON SAME AND NOT UPON ANY INFORMATION
PROVIDED BY OR ON BEHALF OF SELLER OR ITS AGENTS OR EMPLOYEES WITH RESPECT THERETO, OTHER THAN SUCH REPRESENTATIONS, WARRANTIES AND COVENANTS OF SELLER AS ARE EXPRESSLY SET FORTH IN THIS AGREEMENT. UPON CLOSING, BUYER SHALL ASSUME THE RISK THAT
ADVERSE MATTERS, INCLUDING BUT NOT LIMITED TO, ADVERSE PHYSICAL AND ENVIRONMENTAL CONDITIONS, MAY NOT HAVE BEEN REVEALED BY BUYER’S INVESTIGATIONS, AND BUYER AND BUYER’S SUCCESSORS, ASSIGNS AND TRANSFEREES, UPON CLOSING, SHALL BE DEEMED TO
HAVE WAIVED, RELINQUISHED AND RELEASED SELLER AND SELLER’S SUCCESSORS AND ASSIGNS, FROM AND AGAINST ANY AND ALL CLAIMS, DEMANDS, CAUSES OF ACTION (INCLUDING CAUSES OF ACTION IN TORT), LOSSES, DAMAGES, LIABILITIES, COSTS AND EXPENSES (INCLUDING
REASONABLE ATTORNEYS’ FEES) OF ANY AND EVERY KIND OR CHARACTER, KNOWN OR UNKNOWN, WHICH BUYER MIGHT HAVE ASSERTED OR ALLEGED AGAINST SELLER (AND SELLER’S OFFICERS, DIRECTORS, MEMBERS, SHAREHOLDERS, EMPLOYEES, AGENTS, SUCCESSORS AND
ASSIGNS) AT ANY TIME BY REASON OF OR ARISING OUT OF ANY LATENT OR PATENT PHYSICAL CONDITIONS, VIOLATIONS OF ANY APPLICABLE LAWS AND ANY AND ALL OTHER ACTS, OMISSIONS, EVENTS, CIRCUMSTANCES OR MATTERS (INCLUDING BUT NOT LIMITED TO ENVIRONMENTAL
MATTERS) REGARDING THE PROPERTY, EXCLUDING HOWEVER, ANY CLAIMS, DEMANDS, CAUSES OF ACTION, LOSSES, DAMAGES, LIABILITIES, COSTS AND EXPENSES INCURRED BY BUYER AND ARISING OR RESULTING FROM A BREACH OF ANY SELLER’S REPRESENTATIONS AND WARRANTIES
IN THIS AGREEMENT, SUBJECT, HOWEVER, TO THE LIMITATION ON THE PERIOD DURING WHICH SUCH BREACH CLAIMS MAY BE MADE AND THE LIMITATION ON SELLER’S LIABILITY AS EXPRESSLY PROVIDED IN THIS AGREEMENT. NOTWITHSTANDING THE FOREGOING, HOWEVER,
BUYER’S RELEASE OF SELLER SET FORTH ABOVE SHALL NOT PRECLUDE BUYER FROM ANY DEFENSE OF BUYER IN OR RELATING TO THIRD-PARTY CLAIMS BROUGHT BY OTHERS, INCLUDING CLAIMS BROUGHT BY GOVERNMENT AGENCIES RELATING TO ENVIRONMENTAL MATTERS. 

(iv) BUYER, WITH BUYER’S COUNSEL, HAS FULLY REVIEWED THE DISCLAIMERS AND WAIVERS SET FORTH IN THIS 

  
 22 

 AGREEMENT AND UNDERSTANDS THEIR SIGNIFICANCE AND EFFECT. BUYER ACKNOWLEDGES AND AGREES THAT THE
DISCLAIMERS AND OTHER AGREEMENTS SET FORTH IN THIS AGREEMENT, ARE AN INTEGRAL PART OF THIS AGREEMENT, AND THAT SELLER WOULD NOT HAVE AGREED TO SELL THE PROPERTY TO BUYER FOR THE PURCHASE PRICE WITHOUT THE DISCLAIMERS AND OTHER AGREEMENTS SET FORTH
IN THIS AGREEMENT. 
 THE TERMS AND CONDITIONS OF THIS SECTION 13(e) WILL EXPRESSLY SURVIVE THE CLOSING OR ANY TERMINATION AND WILL
NOT MERGE WITH THE PROVISIONS OF ANY CLOSING DOCUMENTS. 
  

					
	INITIALS OF SELLER:	 		 	INITIALS OF BUYER:
	  
	 		 	  

 14. ACTIONS AFTER THE EFFECTIVE DATE. The parties covenant to do the following through the
Closing Date: 
 (a) Title. Except as otherwise specifically contemplated in this Agreement or as may be required by legal
requirements, from and after the Effective Date, Seller shall not make or permit any changes to the Property or to the condition of title to the Property that would change the Approved Title or the Approved Survey except with Buyer’s advance
written consent, which consent shall not be unreasonably withheld. 
 (b) Maintenance and Operation of Property. From and after the
Effective Date, Seller shall maintain existing insurance coverage in full force and effect, and shall operate and maintain the Property in substantially the same manner as operated and maintained as of the Effective Date, shall not delay or defer
any repair or maintenance item, and shall pay all bills and obligations arising from the Property as payment becomes due. Seller shall not make any material alterations to or upon the Property, except with Buyer’s advance written consent, which
consent shall not be unreasonably withheld. Seller shall promptly advise Buyer in writing of any significant repair or improvement required to keep in the Property in such condition. 

(c) Leases and Agreements. From and after the Effective Date, Seller shall not enter into any new lease or other occupancy agreements
for the Property which will survive Closing without first obtaining Buyer’s advance written consent, which may be withheld in Buyer’s sole and absolute discretion. 

(d) Representations and Warranties. Each party shall use reasonable efforts to prevent any act or omission that would render any of its
representations and warranties herein untrue or misleading, and shall promptly notify the other party in writing if such act or omission occurs. 

(e) Entry. As of the Effective Date, prior to the Closing, Buyer and its agents, employees and contractors (collectively,
“Permittees”) shall have reasonable access to the Property, at agreed upon times for agreed upon purposes on at least forty-eight (48) hours prior 

  
 23 

 notice to Seller. Seller shall have the right to have a representative present during any visits to or
inspections of the Property by Buyer or any Permittees. Buyer will conduct its Due Diligence Review only during the Due Diligence Period and in a manner which is not disruptive to the normal operation of the Property. Notwithstanding the foregoing,
Buyer shall continue to have access to the portions of the Property outside of the Building following the end of the Due Diligence Period to conduct surveying and/or non-intrusive investigation needed for Buyer to plan for and design the project on
the BTS Parcel and/or to conduct other activities reasonably required of Buyer to perform under this Agreement. In the event Buyer desires to conduct any physically intrusive inspections at any time, such as sampling of soils, other media, building
materials, or the like, Buyer will identify in writing the scope of the inspections Buyer desires to perform and request Seller’s advance written consent, which consent Seller may withhold in Seller’s sole and absolute discretion. Buyer
will: (a) maintain comprehensive general liability (occurrence) insurance (at least $2,000,000), and deliver a certificate of insurance, which names Seller as an additional insured thereunder verifying such coverage to Seller promptly upon
Seller’s request; (b) promptly pay when due the costs of all entry and inspections and examinations done with regard to the Property; and (c) to the extent damaged by Buyer or its Permittees, restore the Property and Improvements to
substantially the condition in which the same were found before any such entry upon the Property and inspection or examination was undertaken. 

In addition, Buyer shall defend, indemnify and hold harmless Seller from and against all losses, costs, damages, claims and liabilities
arising out of injury or death to persons, damage to the Property or mechanics’ liens arising out of or in connection with Buyer’s Due Diligence Review, Buyer’s breach of its obligations under this Section 14(e) or
Buyer’s or any Permittees entry upon the Property unless arising from any pre-existing conditions on the Property or the negligence or willful misconduct of Seller, Seller’s managers, officers, partners, shareholders or members, as
applicable. The provisions of this Section 14(e) shall survive the earlier of the termination of this Agreement or Closing for a period of 6 months. 

(f) Applications. Following the Effective Date and until Closing, Seller shall not make application to any governmental entity for any
Approvals or any change in the zoning, affecting the Real Property, except in each case with Buyer’s advance written consent, given or withheld in Buyer’s sole discretion. 

(g) Dividing Line Changes. 

(i) The parties acknowledge that the Buyer/Seller Lease and Build-to- Suit Lease contemplate the division of the Property into
two separate lots, one of which shall be the Leased Parcel, which shall contain the Building and certain of the Improvements, and the second of which shall be BTS Parcel, which shall be the location for the construction of the new building and
improvements contemplated under the Built- to-Suit Lease. The parties further acknowledge that the lot line separating the Leased Parcel from the BTS Parcel as shown on Exhibit A-1 (the “Dividing Line”) represents the
parties’ good faith belief as of the Effective Date as to the proper location for such a dividing line. Landlord shall have the right prior to the Closing, however, to adjust the location of the Dividing Line, subject to the prior approval of
Seller (which shall not be unreasonably withheld, conditioned, or delayed). Upon such adjustment, Exhibit A-1 shall be revised accordingly. 

  
 24 

 (ii) Following the execution of this Agreement, Buyer shall engage a surveyor to
commence those activities reasonably necessary to split the Land into the Leased Parcel and the BTS Parcel based on the Dividing Line (as the same may be adjusted as set forth in clause (i) above). All plans and submissions related to the lot
split shall be subject to the prior approval of Seller and in no event shall any plan showing the lot split be recorded in the Middlesex North District Registry of Deeds or the Middlesex North Registry District of the Land Court Registered Land
Section unless and until the Closing hereunder has occurred. Seller, at no expense to Seller, shall cooperate with Buyer in connection with the proposed lot split. Under no circumstances shall Seller’s failure to comply with its obligations
under this Section 14(g)(ii) result in a delay of the Closing. 
 15. DAMAGE TO PROPERTY; TAKING. 

(a) Taking. If the Property or any part thereof is taken or is the subject of a notice of taking by eminent domain prior to the Closing
Date, Seller shall promptly notify Buyer. Within ten (10) Business Days after such notice, Buyer shall give notice to Seller (with a copy to Escrow Holder) that it elects to (a) terminate this Agreement, in which event Escrow Holder shall,
upon receipt of Buyer’s Notice to terminate this Agreement, return the Deposit to Buyer and the parties shall have no further obligations hereunder, or (b) proceed to Closing, in which event Seller shall pay over and assign to Buyer all
awards recovered or recoverable on account of such taking, net of any reasonable costs incurred by Seller in connection therewith. If Buyer elects to proceed under clause (b) above, Seller shall not compromise, settle, or adjust any claims to
such awards without Buyer’s prior written consent, given or withheld in Buyer’s sole discretion. In the event that Seller receives a notice of taking by eminent domain after the expiration of the Contingency Period but prior to Closing,
Seller shall have the right to terminate the Agreement by giving Buyer ten (10) days written notice (with a copy to Escrow Holder). Upon recipt of such notice from Seller, Escrow Holder shall return the Deposit to Buyer and the parties shall
have no further obligations hereunder. 
 (b) Damage. Risk of loss up to and including the Closing Date shall be borne by Seller
except as expressly set forth herein. In the event of any material damage to or destruction of the Property or any portion thereof, Buyer may, at its option, by notice to Seller (with a copy to Escrow Holder) given within ten (10) Business Days
after Seller notifies Buyer in writing of such damage or destruction (and if necessary the Closing Date shall be extended to give Buyer the full 10-day period to make such election): (i) terminate this Agreement, in which event Escrow Holder
shall, upon receipt of Buyer’s notice to terminate this Agreement, return the Deposit (less the Independent Contract Consideration) to Buyer and the parties shall have no further obligations hereunder (except the indemnity obligations of each
party, which shall survive indefinitely and any other obligations set forth herein which expressly survive the termination of this Agreement), or (ii) proceed under this Agreement with no adjustment of the Purchase Price, receive any insurance
proceeds (including any rent loss insurance applicable to any period on and after the Closing Date) due Seller as a result of such damage or destruction 

  
 25 

 
and assume responsibility for such repair, and Buyer shall receive a credit at Closing for any deductible amount under said insurance policies and any uninsured or underinsured loss. If Buyer
elects (ii) above, Seller will cooperate with Buyer in obtaining the insurance proceeds and such agreements from Seller’s insurers. If the Property is not materially damaged, then the parties shall proceed to Closing as provided in clause
(ii) above. “Material damage” and “Materially damaged” means damage (x) resulting in the Property not complying with all legal requirements applicable to the Property, (y) the cost to repair or
restore of which is reasonably expected to exceed $200,000 or (z) which, in Buyer’s or Seller’s reasonable estimation, will take longer than 120 days to repair. 

(c) Waiver. Failure of Buyer to timely provide a notice of election in accordance with this Section 15, shall be deemed an
election by Buyer to terminate this Agreement. Seller and Buyer each hereby agree that the provisions of this Section 15 shall govern the parties’ obligations in the event of any damage or destruction to the Property or the taking
of all or any part of the Real Property and expressly waive any provision of applicable law to the contrary. 
 16. SURVIVAL.
All covenants, obligations, representations and warranties and indemnities by the respective parties contained herein are intended to and shall remain true and correct as of the Closing, shall be deemed to be material, and shall survive the
recordation of the Deed for a period of nine (9) months (the “Survival Period”). Except as expressly set forth in this Agreement and except for any covenants and conditions that must be operative after recordation of the Deed
to be effective, any covenants, conditions, or obligations of the respective parties shall merge with the delivery of the Deed and shall not survive the Closing Date. 

17. SUCCESSORS AND ASSIGNS. The terms, covenants and conditions herein contained shall be binding upon and inure to the benefit
of the successors and assigns of the parties hereto. Seller shall not have the right, power, or authority to assign, pledge or mortgage this Agreement or any portion of this Agreement, or to delegate any duties or obligations arising under this
Agreement, voluntarily, involuntarily, or by operation of law. This Agreement and all rights of Buyer hereunder may be assigned or transferred, in whole or in part, by Buyer to one or more of its affiliates, in which event all instruments, documents
and agreements required to be delivered to the Buyer hereunder shall be delivered to, and run for the benefit of such entity, and such entity (rather than Buyer) shall execute and deliver any instruments, documents or agreements required to be
executed and delivered by Buyer hereunder; provided, however, that in the event of any such assignment to an affiliate, the original Buyer hereunder shall remain fully liable and responsible for the performance of Buyer’s obligations hereunder
prior to Closing or if this Agreement terminates following such termination. 
 18. NO THIRD PARTY BENEFITS. This Agreement is
made for the sole benefit of the Buyer and Seller and their respective successors and assigns, and no other person shall have any right or remedy or other legal interest of any kind under or by reason of this Agreement. 

19. COUNTERPARTS. This Agreement may be executed in multiple counterparts and shall be valid and binding with the same force and
effect as if all parties had executed the same Agreement. The parties hereby agree that a PDF copy of each party’s original signature to this Agreement delivered by electronic mail shall be effective as such party’s signature to this
Agreement. 

  
 26 

 20. ENTIRE AGREEMENT; FURTHER ASSURANCES. This Agreement contains all of the
covenants, conditions and agreements between the parties and shall supersede all prior correspondence, agreements and understandings, both verbal and written. The parties intend that this Agreement constitutes the complete and exclusive statement of
its terms and that no extrinsic evidence may be introduced in any proceeding involving this Agreement. 
 The parties each agree to do,
execute, acknowledge and deliver any legally necessary instruments and assurances and to take all such further action before or after the Closing as shall be necessary or desirable to fully carry out this Agreement and to fully consummate and effect
the transactions contemplated hereby. 
 21. ATTORNEYS’ FEES. In the event of any litigation regarding the rights and
obligations under this Agreement, the prevailing party (as determined in such litigation) shall be entitled to reasonable attorneys’ fees and court costs, and the right to such fees and costs shall not be limited by the provisions of
Section 11. The provisions of this Section 21 shall survive the Closing. 
 22. NOTICES. All notices
required or permitted to be given pursuant to the terms hereof shall be in writing and shall be delivered to the applicable addresses set forth in Section 1 of this Agreement either by (a) certified mail, return receipt requested,
in which case notice shall be deemed delivered three (3) Business Days after deposit, postage prepaid in the U.S. mail, (b) a nationally recognized and reputable messenger service or overnight courier which requires proof of delivery, in
which case notice shall be deemed delivered one (1) Business Day after deposit with such messenger or courier on or prior to 5:00 p.m., Eastern Standard Time (if deposited after such time, notice shall be deemed given upon receipt of the notice
by the addressee), (c) electronic mail, in which case notice shall be deemed delivered as of the date and time of the entrance of such electronic mail into the information processing system designated by the recipient’s electronic mail
address, with a copy of such notice sent promptly thereafter in accordance with (a), (b) or (d) of this section (except that electronic mail delivered after 5:00 p.m. Eastern Standard time shall be deemed delivered on the next business day
thereafter), or (d) personal delivery with receipt acknowledged in writing, in which case notice shall be deemed delivered when received. The notice address for any party may be changed by written notice to the other party as provided herein.

 23. CONSTRUCTION OF AGREEMENT. In construing this Agreement, all headings and titles are for the convenience of the parties
only and shall not be considered a part of this Agreement. Whenever required by the context, the singular shall include the plural and the masculine shall include the feminine and vice versa. This Agreement shall not be construed as if prepared by
one of the parties, but rather according to its fair meaning as a whole, as if both parties had prepared it. All Exhibits attached hereto are incorporated in this Agreement by reference thereto. 

  
 27 

 24. TIME. Time is of the essence of every provision herein contained. Whenever the
date or deadline for any action to be taken is not a Business Day, the relevant date or deadline shall be the next Business Day. 
 25.
APPLICABLE LAW. This Agreement shall be governed by the internal laws of the state in which the Real Property is located. 

26. NO ORAL MODIFICATION OR WAIVER. This Agreement may not be changed or amended orally, but only by an agreement in writing. No
waiver shall be effective hereunder unless given in writing, and waiver shall not be inferred from any conduct of either party. 
 27.
MARKETING OF PROPERTY. Unless and until this Agreement is duly terminated pursuant to the terms hereof, Seller after the Effective Date shall not market, solicit, offer for sale, or enter into any binding agreements with any party
other than Buyer relating to the sale, transfer or other disposition of the Property or any portion thereof. 
 28. BROKERAGE
COMMISSION. Buyer and Seller each represents and warrants to the other that it has not dealt with any third party in a manner which would obligate the other to pay any brokerage commission, finder’s fee or other compensation due or
payable with respect to the transaction contemplated hereby. Each party shall indemnify, defend, and hold the other party harmless from and against any losses, damages, costs and expenses (including, but not limited to, reasonable attorneys’
fees and costs) incurred by the party by reason of any actual or alleged breach or inaccuracy of the representation contained in this Section 28. The provisions of this Section 28 shall survive the Closing. 

29. RECORDATION NOT PERMITTED. In no event shall this Agreement or any memorandum hereof be recorded in the official or public
records where the Property is located, and any such recordation or attempted recordation shall constitute a default under this Agreement by the party responsible for such recordation or attempted recordation. 

30. CONFIDENTIALITY. The parties acknowledge that the transaction described herein and the Documents made available to Buyer by
Seller is of a confidential nature and shall not be disclosed except to Buyer’s or Seller’s respective affiliates, officers, directors, principals, members, employees, agents, attorneys, partners, accountants, lenders or investors
(collectively, for purposes of this Section 30, the “Permitted Outside Parties”) or as required by law. No party, including Permitted Outside Parties, shall make any public disclosure of the specific terms of this
Agreement or of any of the Documents, except as required by law (including SEC regulations and NYSE or NASDAQ requirements). In connection with the negotiation of this Agreement and the preparation for the consummation of the transactions
contemplated hereby, each party acknowledges that it will have access to confidential information relating to the other party. Each party shall treat such information as confidential, preserve the confidentiality thereof, and not duplicate or use
such information, except to Permitted Outside Parties in connection with the transactions contemplated hereby. Except as required by applicable law, neither party shall issue any press release or make any statement to the media without the other
party’s consent, which consent shall not be unreasonably withheld or delayed. The provisions of this Section shall survive any termination of this Agreement. 

  
 28 

 31. WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY LAW, SELLER AND BUYER
HEREBY EXPRESSLY WAIVE THEIR RIGHT TO A TRIAL BY JURY OF ANY CLAIM (I) ARISING UNDER ANY OF THE DOCUMENTS TO BE EXECUTED AND DELIVERED AT CLOSING, OR (II) CONNECTED WITH OR RELATED TO THE TRANSACTION CONTEMPLATED BY THIS AGREEMENT, WHETHER NOW
EXISTING OR HEREAFTER ARISING. SELLER OR BUYER MAY FILE AN ORIGINAL OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE FOREGOING WAIVER. 

32. NON-WAIVER. No waiver of any provision of this Agreement shall be deemed to have been made unless it is expressed in writing
and signed by the party charged with making the waiver. No delay or omission in the exercise of any right or remedy accruing upon a breach of this Agreement shall impair such right or remedy or be construed as a waiver of such breach. The waiver of
any breach of this Agreement shall not be deemed to be a waiver of any other breach hereof. 
 [Signatures appear on following page.] 

  
 29 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly
authorized representatives as of the Effective Date. 
  

							
	SELLER:	 		 	MA-COM TECHNOLOGY SOLUTIONS INC.,
		 		 	a Delaware corporation
				
		 		 		 	 /s/ John Croteau

		 		 	By:	 	John Croteau
		 		 		 	President and Chief Executive Officer
			
	BUYER:	 		 	CALARE PROPERTIES, INC.,
		 		 	a Delaware corporation
				
		 		 		 	 /s/ William Manley

		 		 	By:	 	William Manley
		 		 		 	Authorized Agent

 Signature Page to Purchase and Sale Agreement and Escrow Instructions 

100 and 144 Chelmsford Street, Lowell, MA 

 The undersigned Escrow Holder hereby joins in to this Agreement to acknowledge its consent to the terms and
provisions of this Agreement. 
  

			
	KENSINGTON VANGUARD NATIONAL LAND SERVICES,
	Escrow Holder
		
		 	 /s/ Simona Rosen

	By:	 	Simona Rosen
		 	Commercial Underwriter

 Signature Page to Purchase and Sale Agreement and Escrow Instructions 

100 and 144 Chelmsford Street, Lowell, MA 

 EXHIBIT A 

LEGAL DESCRIPTION OF THE LAND 

100 & 144 Chelmsford Street 

Lowell, Massachusetts 
 The land situated on
Chelmsford Street, in Lowell, Middlesex County, Massachusetts, shown as Lots I- 1B-4 and I-1B-5 on a plan entitled “Compiled Disposition Map of Lots I-1B-3, I-1B-4 & I-1B-5 in Lowell, Mass., Hale Howard Urban Renewal Area, Project No. Mass.
R-130” dated March 30, 1977, by Dana P. Perkins & Sons, Inc. Civil Engineers & Surveyors”, recorded with Middlesex North District Deeds in Plan Book 124, Plan 46, bounded and described as follows: 

NORTHEASTERLY: by land now or formerly of the Boston & Maine Railroad Corp., as shown on said plan, by three bounds totaling 649.97 feet; 

SOUTHEASTERLY by said land of Boston & Maine Railroad Corp., as shown on said plan, 27.97 feet; 

NORTHEASTERLY again, by said land of Boston & Mane Railroad Corp., as shown on said plan, 265.16 feet; 

SOUTHEASTERLY again, by Lot I-1 B-3, as shown on said plan, 412.45 feet; 

SOUTHEASTERLY again, by said Lot I-1 B-3, as shown on said plan, 277.71 feet; 

SOUTHWESTERLY by Lot I-IA, as shown on said plan, 300 feet; 

NORTHWESTERLY by Chelmsford Street, 270 feet; and 

NORTHWESTERLY again, by said Chelmsford Street by three courses totaling 1,042.23 feet; 

Comprised in part by two parcels of registered land; namely, 

Registered Parcel 1: 
 A certain parcel of land situated
in said Lowell, bounded and described as follows: 
 NORTHEASTERLY by Howard Street, fifty-two (52) feet; 

SOUTHEASTERLY by land now or formerly of David Ziskind, one hundred twelve (112) feet; 

SOUTHWESTERLY by land now or formerly of Charles E. Jameson, fifty-two and 1/100 (52.01) feet; and 

NORTHWESTERLY by land now or formerly of Israel Levin, one hundred thirteen and 28/100 (113.28) feet. 

All of said boundaries of said Registered Parcel 1 are determined by the Land court to be located as shown on Plan 5672-A entitled “Plan of Land in
Lowell” drawn by Smith and Brooks, Civil Engineers, dated October 15, 1915, as approved by the Court, filed in the Land Registration Office, a copy of a portion of which is filed with Certificate of Title No. 951 issued by
Middlesex North Registry District of the Land Court. 

  
 A-1 

 Registered Parcel 2: 

A certain parcel of land situated in said Lowell, bounded and described as follows: 

NORTHWESTERLY by land now or formerly of Minnie Bernstein and Mazy F. Hardy, forty-six and 68/100 (46.68) feet; 

SOUTHEASTERLY by Lot 5, twenty-five and 071100 (25.07) feet; 

SOUTHWESTERLY by Lot 6, thirty-three and 94/100 (33.94) feet. 

All of said boundaries of said Registered Parcel 2 are determined by the Land Court to be located and shown on Subdivision Plan 6039-B entitled
“Subdivision Plan of Land in Lowell” drawn by Dana F. Perkins & Sons, Inc., Surveyors, dated December 22, 1976, as approved by the Court, filed in the Land Registration Office, a copy of a portion of which is filed with
Certificate of Title No. 21963 issued by said Registry District, and said Registered Parcel 3 is shown as Lot 7 on said plan. 
 Excepting and
excluding from the foregoing the following: 
 So much of the premises as lies within former Railroad Street as the same is now or formerly owned by Boston
and Maine Corporation as set forth in Deed from the Trustees of Boston and Maine Railroad Corporation to City Development Authority dated January 5, 1977, recorded in Book 2242, Page 527. 

So much of the land taken by the City of Lowell by right of eminent domain by Order of Taking dated September 8, 1998, recorded in Book 9590, Page 157
and filed as Document No. 178630, and shown thereon as Parcel 1 and Parcel 2 on a “Plan of Land in Lowell, Mass. Prepared for Lowell Regional Transit Authority” dated September 25, 1998 by Vaidya Consultants, Inc., recorded in
Plan Book 198, Plan 71, and filed as Document No. 178630. See also Land Court Order flied as Document No. 184737. 
 Said land is also shown as
Lot 1-1B-5 on plan entitled “Plan of Land in Lowell, Mass.” dated September 25, 1998, prepared by Vaidya Consultants, Inc. recorded with the Middlesex North District Registry of Deeds in Plan Book 198, Plan 71. 

  
 A-2 

 EXHIBIT A-1 

DIVIDING LINE PLAN 
  

 

  
 A-3 

 EXHIBIT B  

DOCUMENTS 
  

	1.	Tax Statements, Tax ID. Copies or a summary of ad valorem tax statements for the current or most recently available tax period and for the prior 24 months including the Property’s
tax identification number(s); and latest value renditions. Seller’s federal tax ID number. 

  

	2.	Insurance. Copies of Seller’s certificate of insurance for the Property, all insurance policies, a loss history, a list of any current claims relating to the Property, and any notices received by Seller from
insurance carriers within the last 12 months. 

  

	3.	Proceedings. Copies of any documents or materials relating to any current litigation, investigation, condemnation, or other proceeding pending or threatened against Seller or affecting the Property.

  

	4.	Maintenance Records. All maintenance work orders for the prior 12 months. 

  

	5.	List of Capital Improvements. A list of all capital improvements performed on the Property within the prior 24 months. 

  

	6.	Reports. Any environmental, geotechnical, soil, engineering and drainage reports, assessments, audits and surveys. 

  

	7.	As-Built Survey; Title Policy. Any existing as-built surveys of the Property; and all existing title policies related to the Property. 

 

	8.	Site Plans. Any site plans relating to the Property. 

  

	9.	As-Built Plans and Specifications. All as-built construction, architectural, mechanical, electrical, plumbing, landscaping and grading plans and specifications relating to the Property. 

 

	10.	Permits and Warranties. Copies of all warranties and guaranties (including without limitation any roof warranty), permits, certificates of occupancy, licenses and other approvals related to the Property.

  
 B-1 

 EXHIBIT C 

FORM OF QUITCLAIM DEED 
 Record
and Return To: 
  

                          
               

                          
               

                          
               
 QUITCLAIM DEED 

M/A-COM Technology Solutions Inc., a Delaware corporation having an address at 100 Chelmsford Street, Lowell, MA 01851 (“Grantor”),
for consideration of Four Million Two Hundred Fifty Thousand and 00/100 Dollars ($4,250,000.00), grants to                     , a
                     having an address at c/o Calare Properties, Inc., 43 Broad Street, Hudson, MA 01749 (“Grantee”), with quitclaim
covenants, a certain parcel of land with the buildings thereon, situate and now numbered 100 and 144 Chelmsford Street, in Lowell, Middlesex County, Massachusetts, as more particularly described on Schedule A attached hereto and made a part
hereof. 
 The premises are conveyed subject to, and with the benefit of all other rights, easements, restrictions and encumbrances of
record, if any, insofar as the same are in force and applicable, however not intending to revive any of the same hereby, and further subject to real estate taxes assessed for the current fiscal year, but not yet due and payable which the Grantee by
acceptance hereof hereby assumes and agrees to pay. 
 Subject to the terms and provisions of that certain Notice of Activity and Use
Limitation dated March 6, 2008, recorded with the Middlesex North District Registry of Deeds in Book 21997, Page 35. 
 Grantor
represents that the sale does not constitute a conveyance of all or substantially all of the assets of Grantor within the Commonwealth of Massachusetts. 

For reference to Grantor’s title, see deed dated June 29, 2015, and recorded with the Middlesex North District Registry of Deeds in
Book 29193, Page 190, and filed with the Middlesex North Registry District of the Land Court as Document No. 282773, on Certificate of Title No. 42353. 

[Signatures appear on following page.] 

  
 C-1 

 EXECUTED as of             , 2016. 

 

			
	M/A-COM TECHNOLOGY SOLUTIONS INC.,
	a Delaware corporation
		
	By:	 	  

	Name:	 	
	Title:	 	[President or Vice President]
		
	By:	 	  

	Name:	 	
	Title:	 	[Treasurer or Assistant Treasurer]

 COMMONWEALTH OF MASSACHUSETTS 

COUNTY OF                     

On this      day of             , 2016, before
me, the undersigned notary public, personally appeared                     , proved to me through satisfactory evidence of identification,
which was                     , to be the person whose name is signed on the preceding or attached document and acknowledged to me that he
signed it voluntarily for its stated purpose, as [[President or Vice President] of M/A-COM Technology Solutions Inc., a Delaware corporation. 
  

			
	  

	(official signature and seal of notary)
	
	My commission
	expires:	 	  

 COMMONWEALTH OF MASSACHUSETTS 

COUNTY OF                      

On this      day of             , 2016, before
me, the undersigned notary public, personally appeared                     , proved to me through satisfactory evidence of identification,
which was                     , to be the person whose name is signed on the preceding or attached document and acknowledged to me that he
signed it voluntarily for its stated purpose, as [Treasurer or Assistant Treasurer] of M/A-COM Technology Solutions Inc., a Delaware corporation. 
  

			
	  

	(official signature and seal of notary)
	
	My commission
	expires:	 	  

  
 C-2 

 SCHEDULE A 

100 & 144 Chelmsford Street 

Lowell, Massachusetts 
 The land situated on
Chelmsford Street, in Lowell, Middlesex County, Massachusetts, shown as Lots I- 1B-4 and I-1B-5 on a plan entitled “Compiled Disposition Map of Lots I-1B-3, I-1B-4 & I-1B-5 in Lowell, Mass., Hale Howard Urban Renewal Area, Project No. Mass.
R-130” dated March 30, 1977, by Dana P. Perkins & Sons, Inc. Civil Engineers & Surveyors”, recorded with Middlesex North District Deeds in Plan Book 124, Plan 46, bounded and described as follows: 

NORTHEASTERLY: by land now or formerly of the Boston & Maine Railroad Corp., as shown on said plan, by three bounds totaling 649.97 feet; 

SOUTHEASTERLY by said land of Boston & Maine Railroad Corp., as shown on said plan, 27.97 feet; 

NORTHEASTERLY again, by said land of Boston & Mane Railroad Corp., as shown on said plan, 265.16 feet; 

SOUTHEASTERLY again, by Lot I-1 B-3, as shown on said plan, 412.45 feet; 

SOUTHEASTERLY again, by said Lot I-1 B-3, as shown on said plan, 277.71 feet; 

SOUTHWESTERLY by Lot I-IA, as shown on said plan, 300 feet; 

NORTHWESTERLY by Chelmsford Street, 270 feet; and 

NORTHWESTERLY again, by said Chelmsford Street by three courses totaling 1,042.23 feet; 

Comprised in part by two parcels of registered land; namely, 

Registered Parcel 1: 
 A certain parcel of land situated
in said Lowell, bounded and described as follows: 
 NORTHEASTERLY by Howard Street, fifty-two (52) feet; 

SOUTHEASTERLY by land now or formerly of David Ziskind, one hundred twelve (112) feet; 

SOUTHWESTERLY by land now or formerly of Charles E. Jameson, fifty-two and 1/100 (52.01) feet; and 

NORTHWESTERLY by land now or formerly of Israel Levin, one hundred thirteen and 28/100 (113.28) feet. 

All of said boundaries of said Registered Parcel 1 are determined by the Land court to be located as shown on Plan 5672-A entitled “Plan of Land in
Lowell” drawn by Smith and Brooks, Civil Engineers, dated October 15, 1915, as approved by the Court, filed in the Land Registration Office, a copy of a portion of which is filed with Certificate of Title No. 951 issued by
Middlesex North Registry District of the Land Court. 

  
 C-3 

 Registered Parcel 2: 

A certain parcel of land situated in said Lowell, bounded and described as follows: 

NORTHWESTERLY by land now or formerly of Minnie Bernstein and Mazy F. Hardy, forty-six and 68/100 (46.68) feet; 

SOUTHEASTERLY by Lot 5, twenty-five and 071100 (25.07) feet; 

SOUTHWESTERLY by Lot 6, thirty-three and 94/100 (33.94) feet. 

All of said boundaries of said Registered Parcel 2 are determined by the Land Court to be located and shown on Subdivision Plan 6039-B entitled
“Subdivision Plan of Land in Lowell” drawn by Dana F. Perkins & Sons, Inc., Surveyors, dated December 22, 1976, as approved by the Court, filed in the Land Registration Office, a copy of a portion of which is filed with
Certificate of Title No. 21963 issued by said Registry District, and said Registered Parcel 3 is shown as Lot 7 on said plan. 
 Excepting and
excluding from the foregoing the following: 
 So much of the premises as lies within former Railroad Street as the same is now or formerly owned by Boston
and Maine Corporation as set forth in Deed from the Trustees of Boston and Maine Railroad Corporation to City Development Authority dated January 5, 1977, recorded in Book 2242, Page 527. 

So much of the land taken by the City of Lowell by right of eminent domain by Order of Taking dated September 8, 1998, recorded in Book 9590, Page 157
and filed as Document No. 178630, and shown thereon as Parcel 1 and Parcel 2 on a “Plan of Land in Lowell, Mass. Prepared for Lowell Regional Transit Authority” dated September 25, 1998 by Vaidya Consultants, Inc., recorded in
Plan Book 198, Plan 71, and filed as Document No. 178630. See also Land Court Order flied as Document No. 184737. 
 Said land is also shown as
Lot 1-1B-5 on plan entitled “Plan of Land in Lowell, Mass.” dated September 25, 1998, prepared by Vaidya Consultants, Inc. recorded with the Middlesex North District Registry of Deeds in Plan Book 198, Plan 71. 

  
 C-4 

 EXHIBIT D 

BILL OF SALE AND ASSIGNMENT 

FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, effective as of the Closing Date, M/A-COM Technology
Solutions Inc., a Delaware corporation (“Seller”), does hereby bargain, sell, grant, assign, transfer, set over and deliver unto
                    , LLC, a
                     limited liability company (“Buyer”), all of Seller’s right, title and interest in and to all of the
Documents. Seller warrants and represents that it has good title to the Documents conveyed hereby, and it has not been pledged, transferred or assigned to any other person, and Seller is duly authorized to sell and convey the property to Buyer. 

SELLER MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE DOCUMENTS, INCLUDING, WITHOUT LIMITATION, THE
CONDITION OR FITNESS THEREOF FOR ANY PARTICULAR USE OR PURPOSE. BUYER AGREES THAT THE DOCUMENTS ARE CONVEYED BY SELLER AND ACCEPTED BY BUYER IN AN “AS IS, WHERE IS” CONDITION, AND SELLER SPECIFICALLY DISCLAIMS ALL WARRANTIES
OF MERCHANTABILITY OR OF FITNESS FOR A PARTICULAR PURPOSE. 
 As used herein, all initially capitalized terms not defined herein shall
have the meanings assigned to such terms in that certain Purchase and Sale Agreement and Escrow Instructions dated as of             , 2016 between Buyer and Seller (the
“Purchase Agreement”). 
 IN WITNESS WHEREOF, Seller has executed this Bill of Sale and Assignment as of Closing Date. 

 

			
	M/A-COM TECHNOLOGY SOLUTIONS INC.,
	a Delaware corporation
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 D-1 

 EXHIBIT E 

SELLER’S FIRPTA CERTIFICATE 

To inform [                    ]
(the “Transferee”) that withholding of tax under Section 1445 of the Internal Revenue Code of 1986, as amended (“Code”) will not be required by M/A-COM Technology Solutions Inc., a Delaware corporation (the
“Transferor”), the undersigned hereby certifies the following on behalf of the Transferor: 
 1. The Transferor is not a
foreign corporation, foreign partnership, foreign trust, foreign estate or foreign person (as those terms are defined in the Code and the Income Tax Regulations promulgated thereunder); 

2. The Transferor is not a disregarded entity as defined in Section 1.1445- 2(b)(2)(iii); 

3. The Transferor’s U.S. employer or tax (social security) identification number is
                    ; and 
 4.
The Transferor’s address is [                    ]. 

The Transferor understands that this Certification may be disclosed to the Internal Revenue Service by the Transferee and that any false
statement contained herein could be punished by fine, imprisonment, or both. 
 Under penalty of perjury I declare that I have examined this
Certification and to the best of my knowledge and belief it is true, correct and complete, and I further declare that I have authority to sign this document on behalf of the Transferor. 

 

							
	Dated:             , 2016	 		 	M/A-COM TECHNOLOGY SOLUTIONS INC.,
		 		 	a Delaware corporation
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

  
 E-1 

 EXHIBIT F 

SELLER’S CLOSING CERTIFICATE 

This Certificate (“Certificate”) is furnished pursuant to
                     of that certain Purchase and Sale Agreement and Escrow Instructions dated as of
            , 2016 (the “Agreement”) by and between M/A-COM Technology Solutions Inc., a Delaware corporation (“Seller”), and Calare Properties,
Inc., a Delaware corporation (“Buyer”). 
 Unless otherwise defined herein, all capitalized terms used herein shall have
the meanings ascribed thereto in the Agreement. 
 The undersigned hereby certifies that they are familiar with the Agreement, have made
such investigations as they have deemed necessary to enable them to deliver this Certificate and, based thereon, further certifies on behalf of Seller that: 

All of the representations and warranties made by Seller in the Agreement are true and correct in all material respects as of the Closing Date
as if made on and as of the Closing Date. 
 The foregoing certifications are made and delivered this      day of
            , 2016. 
  

			
	SELLER:
	
	 M/A-COM TECHNOLOGY SOLUTIONS INC.,

a Delaware corporation

		
	By:	 	  

	Name:	 	
	Title:	 	

  
 F-1 

 EXHIBIT G 

BUYER’S CLOSING CERTIFICATE 

This Certificate (“Certificate”) is furnished pursuant to
                     of that certain Purchase and Sale Agreement and Escrow Instructions dated as of
            , 2016 (the “Agreement”) by and between M/A-COM Technology Solutions Inc., a Delaware corporation (“Seller”), and Calare Properties,
Inc., a Delaware corporation (“Buyer”). 
 Unless otherwise defined herein, all capitalized terms used herein shall have
the meanings ascribed thereto in the Agreement. 
 The undersigned hereby certifies that they are familiar with the Agreement, have made
such investigations as they have deemed necessary to enable them to deliver this Certificate and, based thereon, further certifies on behalf of Seller that: 

All of the representations and warranties made by Buyer in the Agreement are true and correct in all material respects as of the Closing Date
as if made on and as of the Closing Date. 
 The foregoing certifications are made and delivered this      day of
            , 2016. 
  

			
	BUYER:
	
	                                    
                        ,
	a                      limited liability company
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 G-1 

 EXHIBIT H  

DISCLOSURES 
 NONE.

  
 H-1Amended and Restated Investors' Rights Agreement

 Exhibit 4.2 

EXECUTION COPY 

IMPINJ, INC. 
 AMENDED
AND RESTATED INVESTORS’ RIGHTS AGREEMENT 
 July 13, 2012 

 IMPINJ, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

This Amended and Restated Investors’ Rights Agreement (this “Agreement”) is made as of July 13, 2012 by and among
Impinj, Inc., a Delaware corporation (the “Company”), the holders of the Company’s Series 1 and Series 2 Preferred Stock set forth on Exhibit A attached hereto (the “Preferred Holders”), the
holders of Common Stock set forth on Exhibit B attached hereto (the “Common Holders” and together with the Preferred Holders, the “Investors”) and Carver Mead, Christopher Diorio and Todd Humes (the
“Founders”). 
 RECITALS 

A. The Company, the Founders and the Investors (in their capacities as holders of Series A Preferred Stock, Series B Preferred Stock, Series C
Preferred Stock, Series D Preferred Stock and Series E Preferred Stock (collectively, “Prior Preferred Stock”) have previously entered into an Amended and Restated Investors’ Rights Agreement dated as of July 3, 2008 (the
“Prior Rights Agreement”), pursuant to which the Company granted the Founders and the Investors certain rights. 
 B. The
Company and the Preferred Holders have entered into a Preferred Stock Purchase Agreement, of even date herewith, providing for the recapitalization of the Prior Preferred Stock (the “Recapitalization”) and the sale and issuance of
Series 2 Preferred Stock and Series 1 Preferred Stock (together with the Recapitalization, the “Transaction”). 
 C.
Section 3.3 of the Prior Rights Agreement provides that any term thereof may be amended or waived only with the written consent of the Company and the holders of a majority of the Registrable Securities then outstanding, not including the
Founders’ Stock, and any amendment or waiver effected in accordance with Section 3.3 of the Prior Rights Agreement shall be binding upon each party to the Prior Rights Agreement, whether or not such party has signed such amendment or
waiver, each future holder of all such Registrable Securities, and the Company. 
 D. In connection with the Transaction, the Company and
the undersigned Requisite Investors have agreed to amend and restate the Prior Rights Agreement in its entirety effective as of the date first set forth above. 

NOW THEREFORE, in consideration of the foregoing premises and certain other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties hereby agree as follows: 

  
 -2- 

 AGREEMENT 

The parties hereby agree as follows: 

1. Registration Rights. The Company and the Investors covenant and agree as follows: 

1.1 Definitions. For purposes of this Section 1: 

(a) The terms “register,” “registered,” and “registration” refer to a registration
effected by preparing and filing a registration statement or similar document in compliance with the Securities Act of 1933, as amended (the “Securities Act”), and the declaration or ordering of effectiveness of such registration
statement or document; 
 (b) The term “Registrable Securities” means (i) the shares of Common Stock issued upon the
conversion of the Prior Preferred Stock in connection with the Recapitalization, (ii) the shares of Common Stock issuable or issued upon conversion of the Series 1 and Series 2 Preferred Stock and any shares of capital stock, including any
Founders’ Stock (as defined below), hereafter acquired by any Preferred Holder, other than shares for which registration rights have terminated pursuant to Section 1.15 hereof, (iii) the shares of Common Stock issuable or issued upon
conversion of the Series 2 Preferred Stock (the “SVB Shares”) issued or issuable upon exercise of the Warrants to Purchase Stock originally issued to Silicon Valley Bank (“SVB”) on June 2, 2010 and
February 2, 2011 (and amended and restated as of the date hereof) and the shares of Common Stock issued or issuable upon exercise of the Warrant to Purchase Stock issued to SVB on March 25, 2011 (collectively, the “SVB
Warrants”), provided, however, that for the purposes of Section 1.2, 1.4, 1.7(a), 1.7(c), 1.13 and 2.2, the SVB Shares and any shares described in (vi) below attributable to the SVB Shares shall not be deemed
Registrable Securities and SVB shall not be deemed a Holder, (iv) the shares of Common Stock issued to the Founders (the “Founders’ Stock”), provided, however, that for the purposes of Section 1.2, 1.4,
1.7(a), 1.7(c), 1.13 and 2.2, the Founders’ Stock and any shares described in (vi) below attributable to the Founders’ Stock shall not be deemed Registrable Securities and the Founders shall not be deemed Holders, (v) the shares
of Common Stock issuable or issued to Horizon upon exercise of the Horizon Warrant, other than shares for which registration rights have terminated pursuant to Section 1.15 hereof, provided, however, that for purposes of
Section 1.2 and Section 1.4, Horizon may not initiate a registration request but may otherwise participate in any registration requested by the initiating Holders, and (vi) any other shares of Common Stock of the Company issued as (or
issuable upon the conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of, the shares listed in (i), (ii). (iii) and
(iv); provided, however, that the foregoing definition shall exclude in all cases any Registrable Securities sold by a person in a transaction in which his or her rights under this Agreement are not assigned. Notwithstanding the
foregoing, Common Stock or other securities shall only be treated as Registrable Securities if and so long as they have not been (A) sold to or through a broker or dealer or underwriter in a public distribution or a public securities
transaction, or (B) sold in a transaction exempt from the registration and prospectus delivery requirements of the Securities Act under Section 4(1) thereof so that all transfer restrictions, and restrictive legends with respect thereto,
if any, are removed upon the consummation of such sale; 
 (c) The number of shares of “Registrable Securities then
outstanding” shall be determined by the number of shares of Common Stock outstanding which are, and the number of shares of Common Stock issuable pursuant to then exercisable or convertible securities which are, Registrable Securities; 

  
 -3- 

 (d) The term “Holder” means any person owning or having the right to acquire
Registrable Securities or any assignee thereof in accordance with Section 1.12 of this Agreement; 
 (e) The term “Form S-3” means such form under the Securities Act as in effect on the date hereof or any successor form under the Securities Act that permits significant incorporation by reference of the
Company’s subsequent public filings under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); 

(f) The term “SEC” means the Securities and Exchange Commission; and 

(g) The term “Qualified IPO” means a firm commitment underwritten public offering by the Company of shares of its Common
Stock pursuant to a registration statement under the Securities Act, in which (x) the pre-money equity value of the Company (as determined by the Board of Directors in its reasonable discretion) is at least $300,000,000 and (y) results in
at least $50,000,000 of proceeds (net of underwriting discounts and commissions) to the Company. 
 (h) The term “Horizon
Warrant” means the warrant to purchase shares of the Company’s Series E Preferred Stock issued to Horizon on October 3, 2007 in connection with the $10,000,000 working capital facility pursuant to the Loan and Security Agreement
between the Company and Horizon on October 3, 2007 (as amended and restated as of the date hereof). 
 1.2 Request for
Registration. 
 (a) If the Company shall receive at any time after the earlier of (i) July 13, 2015 and (ii) six
(6) months after the effective date of the first registration statement for a public offering of securities of the Company (other than a registration statement relating directly or indirectly either to the sale of securities to employees of the
Company pursuant to a stock option, stock purchase or similar plan or a Rule 145 transaction under the Securities Act), a written request from (i) in the case of the initial public offering of the Company other than an offering the Board
of Directors expects to be a Qualified IPO (as defined in the Company’s Amended and Restated Certificate of Incorporation, as amended from time to time), Holders that represent a Requisite Series 2 Majority (as defined in the Company’s
Amended and Restated Certificate of Incorporation, as amended from time to time) of the then outstanding shares of Series 2 Preferred Stock, voting together as a single class on an as-if converted basis or (ii) in other cases, the Holders of at
least thirty percent (30%) of the Registrable Securities then outstanding that the Company file a registration statement under the Securities Act covering the registration of at least twenty percent (20%) of the Registrable Securities then
outstanding (or a lesser percent if the anticipated aggregate offering price, net of underwriting discounts and commissions, would exceed $25,000,000), then the Company shall, within ten (10) days of the receipt thereof, give written notice of
such request to all Holders and shall, subject to the limitations of subsection 1.2(b), use its best efforts to effect as soon as practicable, and in any event within sixty (60) days of the receipt of such request, the registration under
the Securities Act of all Registrable Securities which the Holders request to be registered within twenty (20) days of the mailing of such notice by the Company in accordance with Section 3.4. 

  
 -4- 

 (b) If the Holders initiating the registration request hereunder (“Initiating
Holders”) intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to this Section 1.2 and the Company shall include
such information in the written notice referred to in subsection 1.2(a). The underwriter will be selected by a majority of the Registrable Securities then held by the Initiating Holders (an “Initiating Majority in Interest”)
and shall be reasonably acceptable to the Company. In such event, the right of any Holder to include his Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of
such Holder’s Registrable Securities in the underwriting (unless otherwise mutually agreed by an Initiating Majority in Interest and such Holder) to the extent provided herein. All Holders proposing to distribute their securities through such
underwriting shall (together with the Company as provided in subsection 1.5(g)) enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting. Notwithstanding any other provision of
this Section 1.2, if the underwriter advises the Initiating Holders in writing that marketing factors require a limitation of the number of shares to be underwritten, then the Initiating Holders shall so advise all Holders of Registrable
Securities which would otherwise be underwritten pursuant hereto, and the number of shares of Registrable Securities that may be included in the underwriting shall be allocated among all Holders thereof, including the Initiating Holders, in
proportion (as nearly as practicable) to the amount of Registrable Securities of the Company owned by each Holder; provided, however, that the number of shares of Registrable Securities to be included in such underwriting shall not be
reduced unless all other securities are first entirely excluded from the underwriting. For the purposes of the preceding sentence concerning apportionment, for any selling stockholder that is a holder of Registrable Securities and that is a
partnership or corporation, the partners, retired partners and stockholders of such holder, or the estates and family members of any such partners and retired partners and any trusts for the benefit of any of the foregoing persons shall be deemed to
be a single “selling stockholder,” and any pro-rata reduction with respect to such “selling stockholder” shall be based upon the aggregate amount of shares carrying registration rights owned by all entities and individuals
included in such “selling stockholder,” as defined in this sentence. 
 (c) Notwithstanding the foregoing, if the Company shall
furnish to Holders requesting a registration statement pursuant to this Section 1.2, a certificate signed by the President or other executive officer of the Company stating that in the good faith judgment of the Board of Directors of the
Company, it would be seriously detrimental to the Company and its stockholders for such registration statement to be filed and it is therefore essential to defer the filing of such registration statement, the Company shall have the right to defer
such filing for a period of not more than one hundred twenty (120) days after receipt of the request of the Initiating Holders; provided, however, that the Company may not utilize this right more than once in any twelve-month
period. 
 (d) In addition, the Company shall not be obligated to effect, or to take any action to effect, any registration pursuant to
this Section 1.2: 
 (i) After the Company has effected two (2) registrations pursuant to this Section 1.2 and such
registrations have been declared or ordered effective; 

  
 -5- 

 (ii) During the period starting with the date sixty (60) days prior to the Company’s
good faith estimate of the date of filing of, and ending on a date one hundred eighty (180) days after the effective date of, a registration subject to Section 1.3 hereof; provided that the Company is actively employing in good faith all
reasonable efforts to cause such registration statement to become effective; or 
 (iii) If the Initiating Holders propose to dispose of
shares of Registrable Securities that may be registered on Form S-3 pursuant to a request made pursuant to Section 1.4 below. 

1.3 Company Registration. If (but without any obligation to do so) the Company proposes to register (including for this purpose
a registration effected by the Company for stockholders other than the Holders) any of its stock under the Securities Act in connection with the public offering of such securities solely for cash (other than a registration relating solely to the
sale of securities to participants in a Company stock plan or a transaction covered (directly or indirectly) by Rule 145 under the Securities Act, a registration in which the only stock being registered is Common Stock issuable upon conversion
of debt securities which are also being registered, or any registration on any form which does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable
Securities), the Company shall, at such time, promptly give each Holder written notice of such registration. Upon the written request of each Holder given within ten (10) days after mailing of such notice by the Company in accordance with
Section 3.4, the Company shall, subject to the provisions of Section 1.8, cause to be registered under the Securities Act all of the Registrable Securities that each such Holder has requested to be registered. 

1.4 Form S-3 Registration. In case the Company shall receive from any Holder or
Holders of not less than ten percent (10%) of the Registrable Securities then outstanding a written request or requests that the Company effect a registration on Form S-3 and any related
qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder or Holders, the Company will: 

(a) promptly give written notice of the proposed registration, and any related qualification or compliance, to all other Holders; and 

(b) as soon as practicable, effect such registration and all such qualifications and compliances as may be so requested and as would permit
or facilitate the sale and distribution of all or such portion of such Holder’s or Holders’ Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any other Holder or
Holders joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written notice from the Company; provided, however, that the Company shall not be obligated to effect any
such registration, qualification or compliance, pursuant to this Section 1.4: (i) if Form S-3 is not available for such offering by the Holders; (ii) if the Holders, together with the holders of any other securities of the
Company entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities (if 

  
 -6- 

 
any) at an aggregate price to the public (net of any underwriters’ discounts or commissions) of less than $1,000,000; (iii) if the Company shall furnish to the Holders a certificate
signed by the President or other executive officer of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be seriously detrimental to the Company and its stockholders for such Form S-3
registration to be effected at such time, in which event the Company shall have the right to defer the filing of the Form S-3 registration statement for a period of not more than 120 days after receipt of the request of the Holder or Holders
under this Section 1.4; provided, however, that the Company shall not utilize this deferral right more than once in any twelve-month period; (iv) in any particular jurisdiction in which the Company would be required to
qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance; or (v) during the period ending one hundred eighty (180) days after the effective date of a
registration statement subject to Section 1.3. 
 (c) Subject to the foregoing, the Company shall file a registration statement
covering the Registrable Securities and other securities so requested to be registered as soon as practicable after receipt of the request or requests of the Holders. Registrations effected pursuant to this Section 1.4 shall not be counted as
demands for registration or registrations effected pursuant to Sections 1.2 or 1.3, respectively. 
 1.5 Obligations of the
Company. Whenever required under this Section 1 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 

(a) Prior to the filing of the registration statement and each amendment thereof and each amendment or supplement to the prospectus, make
available for inspection by the Holders of Registrable Securities covered by such registration statement and any attorney, accountant, or other agent retained by such Holders all documents incorporated by reference in such registration statement,
relevant financial and other records, pertinent corporate documents, and properties of the Company and its subsidiaries, if any, and cause the officers, directors, and employees of the Company to make reasonably available for inspection all other
relevant information reasonably requested by such Holders in connection therewith, in each case as is customary for similar due diligence examinations; provided, however, that any information that is designated in writing by the
Company, in good faith, as confidential at the time of delivery of such information shall be kept confidential by the Holders or any such attorney, accountant, or agent, unless such disclosure is required by law after notice to the Company, or such
information becomes available to the public generally or through a third party without an accompanying obligation of confidentiality. 

(b) Prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its best efforts to cause such
registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for up to one hundred twenty (120) days. 

(c) Prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection with
such registration 

  
 -7- 

 
statement as may be necessary to comply with the provisions of the Securities Act (including the anti-fraud provisions thereof) with respect to the disposition of all securities covered by such
registration statement for up to one hundred twenty (120) days. 
 (d) Take such action as may be necessary so that (i) any
registration statement, and any amendment thereto, and any prospectus forming a part thereof, and any amendment or supplement thereto (and each report or other document incorporated therein by reference in each case) complies in all material
respects with the Securities Act and the Exchange Act, and the respective rules and regulations thereunder, (ii) any registration statement, and any amendment thereto, does not, when it becomes effective, contain an untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (iii) any prospectus forming part of any
registration statement, and any amendment or supplement to such prospectus, does not include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements, in the light of the circumstances under
which they were made, not misleading. 
 (e) Furnish to the Holders such numbers of copies of a prospectus, including a preliminary
prospectus, in conformity with the requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them. 

(f) Use its best efforts to register and qualify the securities covered by such registration statement under such other securities or Blue
Sky laws of such jurisdictions as shall be reasonably requested by the Holders, provided, however, that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general
consent to service of process in any such states or jurisdictions. 
 (g) In the event of any underwritten public offering, enter into and
perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter of such offering. Each Holder participating in such underwriting shall also enter into and perform its obligations under such an
agreement. 
 (h) Notify each Holder of Registrable Securities covered by such registration statement at any time when a prospectus
relating thereto is required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or
omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing, such obligation to continue for one hundred twenty (120) days after the
effective date of such registration. The Company will use reasonable efforts to amend or supplement such prospectus in order to cause such prospectus not to include any untrue statement of a material fact or omit to state a material fact required to
be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. 

  
 -8- 

 (i) Cause all such Registrable Securities registered pursuant to this Agreement to be listed on
each securities exchange on which similar securities issued by the Company are then listed. 
 (j) Provide a transfer agent and registrar
for all Registrable Securities registered pursuant hereunder and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration. 

(k) Advise each Holder of Registrable Securities covered by such registration statement and, if requested by any such Holder, confirm such
advice in writing: 
 (i) when such registration statement, and any amendment thereto, has been filed with the Commission and when the
registration statement or any post-effective amendment thereto has become effective; 
 (ii) of any request by the Commission for
amendments or supplements to such registration statement or the prospectus included therein or for additional information; 
 (iii) of the
issuance by the Commission of any stop order suspending effectiveness of the registration statement or the initiation of any proceedings for that purpose; and 

(iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the securities included in the
registration statement for sale in any jurisdiction or the initiation of any proceeding for such purpose. 
 (l) Use its reasonable efforts
to prevent the issuance, and, if issued, to obtain the withdrawal, of any order suspending the effectiveness of any registration statement at the earliest possible time. 

(m) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be
sold or delivered pursuant to such registration statement free of any restrictive legends and in such permitted denominations and registered in such names as the Holders may request in connection with the sale or delivery of Registrable Securities
pursuant to such registration statement. 
 (n) Use its best efforts to comply with all applicable rules and regulations of the SEC and
make generally available to its security holders or otherwise provide in accordance with Section 11(a) of the Securities Act as soon as practicable after the effective date of such registration statement an earnings statement satisfying the
provisions of Section 11(a) of the Securities Act. 
 (o) Use its best efforts to furnish, at the request of any Holder requesting
registration of Registrable Securities pursuant to this Section 1, on the date that such Registrable Securities are delivered to the underwriters for sale in connection with a registration pursuant to this Section 1, if such securities are
being sold through underwriters, (i) an opinion, dated such date, of the counsel representing the Company for the purposes of such registration, 

  
 -9- 

 
in form and substance as is customarily given to underwriters in an underwritten public offering, addressed to the underwriters and to the Holders requesting registration of Registrable
Securities and (ii) a letter dated such date, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public
offering, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities. 
 (p) Deliver such
other customary documents and certificates as may be reasonably requested by the Holders of Registrable Securities covered by such registration statement and the managing underwriters, if any, including those to evidence compliance with any
customary conditions contained in the underwriting agreement or other agreement entered into by the Company. 
 1.6 Furnish
Information. It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 1 with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the
Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as shall be required to effect the registration of such Holder’s Registrable Securities. The Company
shall have no obligation with respect to any registration requested pursuant to Section 1.2 or Section 1.4 of this Agreement if, as a result of the application of the preceding sentence, the number of shares or the anticipated aggregate
offering price of the Registrable Securities to be included in the registration does not equal or exceed the number of shares or the anticipated aggregate offering price required to originally trigger the Company’s obligation to initiate such
registration as specified in subsection 1.2(a) or subsection 1.4(b)(2), whichever is applicable. 
 1.7 Expenses of
Registration. 
 (a) Demand Registration. All expenses other than underwriting discounts and commissions (which
expenses shall be borne by the holders of the securities so registered pro rata on the basis of the number of shares so registered) incurred in connection with registrations, filings or qualifications pursuant to Section 1.2, including (without
limitation) all registration, filing and qualification fees, printers’ and accounting fees, fees and disbursements of counsel for the Company, and the reasonable fees and disbursements of one counsel for the selling Holders selected by them
with the approval of the Company, which approval shall not be unreasonably withheld, shall be borne by the Company; provided, however, that the Company shall not be required to pay for any expenses of any registration proceeding begun
pursuant to Section 1.2 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered (in which case all participating Holders shall bear such expenses in
proportion to the number of shares for which registration was requested), unless the Holders of a majority of the Registrable Securities agree to forfeit their right to one demand registration pursuant to Section 1.2; provided
further, however, that if at the time of such withdrawal, the Holders have learned of a material adverse change in the condition, business, or prospects of the Company from that known to the Holders at the time of their request and
have withdrawn the request with reasonable promptness following disclosure by the Company of such material adverse change, then the Holders shall not be required to pay any of such expenses and shall retain their rights pursuant to Section 1.2.

  
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 (b) Company Registration. All expenses other than underwriting discounts and
commissions incurred in connection with registrations, filings or qualifications of Registrable Securities pursuant to Section 1.3 for each Holder (which right may be assigned as provided in Section 1.12), including (without limitation)
all registration, filing, and qualification fees, printers’ and accounting fees, fees and disbursements of counsel for the Company and the reasonable fees and disbursements of one counsel for the selling Holder or Holders selected by them with
the approval of the Company, which approval shall not be unreasonably withheld, shall be borne by the Company. 
 (c) Registration on
Form S-3. All expenses other than underwriting discounts and commissions incurred in connection with a registration requested pursuant to Section 1.4, including (without limitation) all registration, filing, qualification,
printers’ and accounting fees and the reasonable fees and disbursements of one counsel for the selling Holder or Holders selected by them with the approval of the Company, which approval shall not be unreasonably withheld, shall be borne by the
Company. 
 1.8 Underwriting Requirements. In connection with any offering involving an underwriting of shares of the
Company’s capital stock, the Company shall not be required under Section 1.3 to include any of the Holders’ securities in such underwriting unless they accept the terms of the underwriting as agreed upon between the Company and the
underwriters selected by it (or by other persons entitled to select the underwriters) and reasonably acceptable to the Holders, and then only in such quantity as the underwriters determine in their sole discretion (and in good faith) will not
jeopardize the success of the offering by the Company. If the total amount of securities, including Registrable Securities, requested by stockholders to be included in such offering exceeds the amount of securities sold other than by the Company
that the underwriters determine in their sole discretion (and in good faith) is compatible with the success of the offering, then the Company shall be required to include in the offering only that number of such securities, including Registrable
Securities, which the underwriters determine in their sole discretion (and in good faith) will not jeopardize the success of the offering (the securities so included to be apportioned pro rata among the selling stockholders according to the total
amount of securities entitled to be included therein owned by each selling stockholder or in such other proportions as shall mutually be agreed to by such selling stockholders) but in no event shall (i) the amount of securities of the selling
Holders included in the offering be reduced below thirty percent (30%) of the total amount of securities included in such offering, unless such offering is the initial public offering of the Company’s securities, in which case, the selling
stockholders may be excluded if the underwriters make the determination described above and no other stockholder’s securities are included, (ii) any securities held by a Founder be included if any securities held by any selling Holder are
excluded or (iii) any securities of a party other than a Holder be included if any securities of any selling Holder are excluded. For purposes of the preceding parenthetical concerning apportionment, for any selling stockholder which is a
holder of Registrable Securities and which is a partnership or corporation, the partners, retired partners and stockholders of such holder, or the estates and family members of any such partners and retired partners and any trusts for the benefit of
any of the foregoing persons shall be deemed to be a single “selling stockholder,” and any pro-rata reduction with respect to such “selling stockholder” shall be based upon the aggregate amount of shares carrying
registration rights owned by all entities and individuals included in such “selling stockholder,” as defined in this sentence. 

  
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 1.9 Delay of Registration. No Holder shall have any right to obtain or seek
an injunction restraining or otherwise delaying any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 1. 

1.10 Indemnification. In the event any Registrable Securities are included in a registration statement under this
Section 1: 
 (a) To the extent permitted by law, the Company will indemnify and hold harmless each Holder, the partners, officers,
members and directors of each Holder, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or the Exchange Act, against any
losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages, or liabilities (or actions in respect
thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”): (i) any untrue statement or alleged untrue statement of a material fact contained in such
registration statement or incorporated by reference therein, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission to state therein a material
fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any state securities law or any rule or
regulation promulgated under the Securities Act, the Exchange Act or any state securities law; and the Company will pay to each such Holder, underwriter or controlling person, as incurred, any legal or other expenses reasonably incurred by them in
connection with investigating or defending any such loss, claim, damage, liability, or action; provided, however, that, in the event that the Company has assumed the defense of an action in accordance with subsection 1.10(c), the
indemnity agreement contained in this subsection 1.10(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, or action if such settlement is effected without the consent of the Company (which consent shall
not be unreasonably withheld), nor shall the Company be liable to any Holder, underwriter or controlling person for any such loss, claim, damage, liability, or action to the extent that it arises out of or is based upon a Violation which occurs in
reliance upon and in conformity with written information furnished expressly for use in connection with such registration by any such Holder, underwriter or controlling person. 

(b) To the extent permitted by law, each selling Holder, severally and not jointly, will indemnify and hold harmless the Company, each of its
directors, each of its officers who has signed the registration statement, each person, if any, who controls the Company within the meaning of the Securities Act, any underwriter, any other Holder selling securities in such registration statement or
any of such other Holder’s partners, officers, members or directors and any controlling person of any such underwriter or other Holder, against any losses, claims, damages, or liabilities (joint or several) to which any of the foregoing persons
may become subject, under the Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages, or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the
extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information furnished by such 

  
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Holder in an instrument duly executed by such Holder and stated to be specifically for use in connection with such registration; and each such Holder will pay, severally and not jointly, as
incurred, any legal or other expenses reasonably incurred by any person intended to be indemnified pursuant to this subsection 1.10(b), in connection with investigating or defending any such loss, claim, damage, liability, or action;
provided, however, that, in the event that the Holder has assumed the defense of an action in accordance with subsection 1.10(c), the indemnity agreement contained in this subsection 1.10(b) shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld; provided, further, that in no event shall any indemnity
under this subsection 1.10(b) exceed the net proceeds from the offering received by such Holder, except in the case of willful fraud by such Holder. 

(c) Promptly after receipt by an indemnified party under this Section 1.10 of notice of the commencement of any action (including any
governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 1.10, deliver to the indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the
parties; provided, however, that an indemnified party (together with all other indemnified parties which may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the reasonable fees
and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and
any other party represented by such counsel in such proceeding. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if materially prejudicial to its ability to defend such
action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 1.10, but the omission so to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to
any indemnified party otherwise than under this Section 1.10. No indemnifying party, in the defense of any action, shall, except with the consent of each indemnified party, consent to entry of any judgment or enter into any settlement that does
not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such action. 

(d) If the indemnification provided for in this Section 1.10 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any loss, liability, claim, damage or expense referred to therein, then the indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such
indemnified party as a result of such loss, liability, claim, damage, or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other in connection
with the statements or omissions that resulted in such loss, liability, claim, damage or expense as well as any other relevant equitable considerations; provided, however, that in no event shall any contribution by a Holder under this
subsection 1.10(d) exceed the net proceeds from the offering received by such Holder, except in the case of willful fraud by such Holder. The relative fault of the indemnifying party and of the 

  
 -13- 

 
indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to
information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. Notwithstanding anything to the
contrary contained herein, in no event shall any person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) be entitled to contribution from any person or entity who was not guilty of
fraudulent misrepresentation. 
 (e) Notwithstanding the foregoing, the provisions regarding indemnification and contribution contained in
an underwriting agreement entered into in connection with the underwritten public offering shall supersede the foregoing provisions in their entirety and the provisions in the underwriting agreement shall control to the extent a Holder is a party to
such underwriting agreement. 
 (f) The obligations of the Company and Holders under this Section 1.10 shall survive the completion of
any offering of Registrable Securities in a registration statement under this Section 1, and otherwise. 
 1.11 Reports Under
Securities Exchange Act of 1934. With a view to making available to the Holders the benefits of Rule 144 promulgated under the Securities Act and any other rule or regulation of the SEC that may at any time permit a Holder to sell
securities of the Company to the public without registration or pursuant to a registration on Form S-3, the Company agrees to: 

(a) make and keep public information available, as those terms are understood and defined in SEC Rule 144, at all times after ninety
(90) days after the effective date of the first registration statement filed by the Company for the offering of its securities to the general public so long as the Company remains subject to the periodic reporting requirements under
Sections 13 or 15(d) of the Exchange Act; 
 (b) take such action, including the voluntary registration of its Common Stock under
Section 12 of the Exchange Act, as is necessary to enable the Holders to utilize Form S-3 for the sale of their Registrable Securities, such action to be taken as soon as practicable after the end of
the fiscal year in which the first registration statement filed by the Company for the offering of its securities to the general public is declared effective; 

(c) file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange
Act; and 
 (d) furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon request (i) a written
statement by the Company that it has complied with the reporting requirements of SEC Rule 144 (at any time after ninety (90) days after the effective date of the first registration statement filed by the Company), the Securities Act and
the Exchange Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any time after it so qualifies), (ii) a copy of the
most recent annual or quarterly report of the Company and such 

  
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other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested in availing any Holder of any rule or regulation of the SEC which permits
the selling of any such securities without registration or pursuant to such form. 
 1.12 Assignment of Registration Rights.
The rights to cause the Company to register Registrable Securities pursuant to this Section 1 may be assigned (but only with all related obligations) by a Holder to (i) a transferee or assignee who acquires at least five percent
(5%) of the Registrable Securities held by such transferring Holder (determined immediately prior to such assignment) or (ii) a partner, affiliate or shareholder of the transferring Holder; provided, however, that the Company
is, within a reasonable time after such transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned; provided
further, however, that such assignment shall be effective only if immediately following such transfer the further disposition of such securities by the transferee or assignee is restricted under the Securities Act; and provided
further, however, that the transferee or assignee could not be reasonably deemed by the Company in good faith, to be a competitor of the Company. For the purposes of determining the number of shares of Registrable Securities held by a
transferee or assignee, the holdings of transferees and assignees of a partnership who are partners or retired partners of such partnership (including spouses and ancestors, lineal descendants and siblings of such partners or spouses who acquire
Registrable Securities by gift, will or intestate succession) shall be aggregated together and with the partnership; provided, that all assignees and transferees who would not qualify individually for assignment of registration rights shall
have a single attorney-in-fact for the purpose of exercising any rights, receiving notices or taking any action under Section 1. 

1.13 Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not, without
the prior written consent of the Holders of a majority of the outstanding Registrable Securities, enter into any agreement with any holder or prospective holder of any securities of the Company which would allow such holder or prospective holder
(a) to include such securities in any registration filed under Section 1.2 hereof, unless under the terms of such agreement, such holder or prospective holder may include such securities in any such registration only to the extent that the
inclusion of his securities will not reduce the amount of the Registrable Securities of the Holders which is included or (b) to make a demand registration. 

1.14 Lock-Up Agreement. 

(a) Lock-Up Period; Agreement. In connection with the initial public offering of the Company’s securities and upon the
request of the underwriters managing such offering of the Company’s securities, each Holder shall not, without the prior written consent of the Company and the managing underwriters, offer, pledge, sell, contract to sell or otherwise transfer,
make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, of any securities of the Company held by such Holder (other than those covered by the
registration statement for such initial public offering) during the one hundred eighty (180) day-period following the date of the final prospectus relating to the initial public offering of the Company’s securities, which period may be
extended up to an additional 34 days to comply with the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4) (or any successor provisions or amendments thereto) or 

  
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other similar regulatory restrictions on (i) the publication or other distribution of research reports and (ii) analyst recommendations and opinions. Notwithstanding the foregoing, the
preceding restrictions shall not apply to any Holder unless all officers and directors of the Company and holders of at least one percent (1%) of the Company’s voting securities (a “one percent securityholder”) have either
entered into similar agreements or are bound by the provisions of this Section 1.14(a). Further, if (i) during the last 17 days of the period described in the preceding sentence, the Company issues an earnings release or material news or a
material event relating to the Company occurs; or (ii) prior to the expiration of the period described in the preceding sentence, the Company announces that it will release earnings results during the 16-day period beginning on the last day of
such period; the restrictions imposed by this Section 1.14(a) shall continue to apply until the expiration of the 18-day period beginning on the issuance of the earnings release or the occurrence of the
material news or material event. If the managing underwriters of the Company’s initial public offering release or waive any officer, director or one percent security holder from, or exempt any such securityholder from having to agree to,
obligations similar to those described in Section 1.14(a), then each Holder shall be similarly released, waived or exempted from such obligations. The obligations described in this Section 1.14(a) shall not apply to a registration relating
solely to employee benefit plans on Form S-l or Form S-8 or similar forms that may be promulgated in the future, a registration relating solely to a transaction on Form S-4 or similar forms that may be promulgated in the future, or a transaction
pursuant to Rule 145 under the Securities Act. Each Holder agrees to execute a market standoff agreement with said underwriters in customary form consistent with the provisions of this Section 1.14(a). 

(b) Limitations. No Holder shall engage in any transaction that may be restricted by Section 1.14(a) during the 34-day
period beginning on the last day of the initial one hundred eighty (180) day period described in the first sentence of Section 1.14(a) unless such Holder requests and receives prior written confirmation from the Company or any underwriter
managing such offering that the restrictions imposed by Section 1.14(a) have expired. The Company shall not unreasonably withhold or condition a response, complying with Section 3.4, to a written request for the confirmation that the
restrictions imposed by Section 1.14(a) have expired, which response shall be made prior to 5:00 pm PT on the business day immediately following the day on which such written request is delivered to the Company. 

(c) Stop-Transfer Instructions. In order to enforce the foregoing covenants, the Company may impose stop-transfer instructions
with respect to the securities of each Holder (and the securities of every other person subject to the restrictions in subsection 1.14(a)). 

(d) Transferees Bound. Each Holder agrees that it will not transfer securities of the Company unless each transferee agrees in
writing to be bound by all of the provisions of this Section 1.14. 
 1.15 Termination of Registration Rights. No Holder
shall be entitled to exercise any right provided for in this Section 1 after the earliest of (i) five (5) years following the consummation of a Qualified IPO, (ii) such time as the Company’s shares are publicly traded on the
Nasdaq Global Market, Nasdaq Capital Market or a national securities exchange and Rule 144 or another similar exemption under the Securities Act is available for the sale of all of 

  
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such Holder’s shares during a three (3)-month period without registration, and (iii) upon termination of the entire Agreement upon a change in
control of the Company, as provided in Section 3.1. 
 2. Covenants of the Company. 

2.1 Delivery of Financial Statements. The Company shall deliver to each Major Investor (as hereinafter defined) (other than a
Holder reasonably deemed by the Company to be a competitor of the Company): 
 (a) as soon as practicable, but in any event within ninety
(90) days after the end of each fiscal year of the Company, an income statement for such fiscal year, a balance sheet of the Company and statement of stockholders’ equity as of the end of such year, and a statement of cash flows for such
year, such year-end financial reports to be in reasonable detail, prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), and audited by an independent public accounting firm of nationally
recognized standing selected by the Company; 
 (b) as soon as practicable, but in any event within forty-five (45) days after the end
of each fiscal quarter, an unaudited income statement and a statement of cash flows and balance sheet for and as of the end of such fiscal quarter; 

(c) as soon as practicable, but in any event within thirty (30) days after the end of each month, an unaudited income statement and a
statement of cash flows and balance sheet for and as of the end of such month, in reasonable detail; 
 (d) as soon as practicable, but in
no event after January 31 of any given fiscal year, a budget and business plan for such fiscal year, prepared on a monthly basis, and, as soon as prepared, any other budgets or revised budgets prepared by the Company; and 

(e) with respect to the financial statements called for in subsections 2.1(b) and 2.1(c) above, an instrument executed by the Chief
Financial Officer or President of the Company certifying that such financial statements were prepared in accordance with GAAP (with the exception of footnotes that may be required by GAAP) consistently applied with prior practice for earlier periods
and fairly present the financial condition of the Company and its results of operations for the period specified, subject to year-end audit adjustments. 

For purposes of this Agreement, a “Major Investor” shall mean any person who holds at least 257,633 shares of Series 2
Preferred Stock (as adjusted for stock splits, stock dividends, reclassifications and the like) that are Registrable Securities. Major Investor includes any general partners and affiliates of a Major Investor. 

2.2 Right of First Offer. Subject to the terms and conditions specified in this Section 2.2, the Company hereby grants to
each Major Investor a right of first offer with respect to future sales by the Company of its Shares (as hereinafter defined). A Major Investor who chooses to exercise the right of first offer may designate as purchasers under such right itself or
its partners or affiliates in such proportions as it deems appropriate. 

  
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 Each time the Company proposes to offer any shares of, or securities convertible into or
exercisable for any shares of, any class of its capital stock (“Shares”), the Company shall first make an offering of such Shares to each Major Investor in accordance with the following provisions: 

(a) The Company shall deliver a notice to the Major Investors stating (i) its bona fide intention to offer such Shares, (ii) the
number of such Shares to be offered, and (iii) the price and terms, if any, upon which it proposes to offer such Shares (“Sale Notice”). 

(b) Within fifteen (15) calendar days after delivery of the Sale Notice, the Major Investor may elect to purchase or obtain, at the
price and on the terms specified in the Sale Notice, up to that portion of such Shares which equals the proportion that the number of shares of Common Stock issued and held, or issuable upon conversion and exercise of all convertible or exercisable
securities then held, by such Major Investor bears to the total number of shares of Common Stock then outstanding (assuming full conversion and exercise of all outstanding convertible or exercisable securities, including granted options regardless
of whether or not vested). Such purchase shall be completed at the same closing as that of any third party purchasers or at an additional closing thereunder. The Company shall promptly, in writing, inform each Major Investor that purchases all the
shares available to it (each, a “Fully-Exercising Investor”) of any other Major Investor’s failure to do likewise. During the ten-day period commencing after receipt of such information, each Fully-Exercising Investor shall be
entitled to obtain that portion of the Shares for which Major Investors were entitled to subscribe but which were not subscribed for by the Major Investors that is equal to the proportion that the number of shares of Common Stock issued and held, or
issuable upon conversion and exercise of all convertible or exercisable securities then held, by such Fully-Exercising Investor bears to the total number of shares of Common Stock issued and held, or issuable upon conversion and exercise of all
convertible or exercisable securities then held, by all Fully-Exercising Investors of the Company. 
 (c) The Company may, during the
45-day period following the expiration of the period provided in subsection 2.2(b) hereof, offer the remaining unsubscribed portion of the Shares to any person or persons at a price not less than, and upon terms no more favorable to the offeree
than those specified in the Sale Notice. If the Company does not enter into an agreement for the sale of the Shares within such period, or if such agreement is not consummated within sixty (60) days of the execution thereof, the right provided
hereunder shall be deemed to be revived and such Shares shall not be offered unless first reoffered to the Major Investors in accordance herewith. 

(d) The right of first offer in this Section 2.2 shall not be applicable to (i) the issuance of securities in connection with stock
splits or dividends; (ii) the issuance or sale of Common Stock (or options therefor) to employees, consultants and directors for the primary purpose of soliciting or retaining their services, pursuant to (A) the 2000 Stock Plan of the
Company, (B) the 2010 Equity Incentive Plan of the Company (as amended in connection with the Transaction) or (C) stock option or stock purchase plans or agreements approved by (I) a majority of the directors of the Company and (II) a
majority of the directors elected solely by the holders of the Series 2 Preferred Stock (a “Board Supermajority”); (iii) the issuance of securities to financial institutions or lessors in connection with commercial credit
arrangements, equipment 

  
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financings, commercial property lease transactions, or similar transactions, the terms of which have been approved by a Board Supermajority; (iv) the issuance of securities pursuant to the
conversion or exercise of convertible or exercisable securities currently outstanding; (v) the issuance of securities in connection with a bona fide acquisition, merger or similar transaction, the terms of which have approved by a Board
Supermajority; (vi) the issuance of securities to an entity, as a component of any business relationship with such entity also involving a material marketing, distribution, product development, supply and/or technology licensing arrangement
approved by a Board Supermajority; (vii) the issuance of the Series 1 and Series 2 Preferred Stock pursuant to the Purchase Agreement; or (viii) that, with the approval of the holders of at least a Requisite Series 2 Majority of the
Series 2 Preferred Stock, voting together as a class, are not offered to any existing stockholder of the Company. 
 (e) Notwithstanding
the foregoing, in connection with the Company’s initial public offering pursuant to a registration statement filed with and declared effective by the SEC under the Securities Act (the “Initial Public Offering”), the Company
shall, pursuant to the right of first offer in this Section 2.2: 
 (1) notify each Major Investor that a registration statement
relating to the Initial Public Offering of the Shares has been filed with the SEC within five business days following the date of such filing; 

(2) deliver to each Major Investor as soon as practicable after it becomes available, the preliminary prospectus (and any amendment or
supplement thereto) contained in the registration statement; and 
 (3) notify each Major Investor that the registration statement relating
to the Initial Public Offering of the Shares has been declared effective by the SEC within three hours of such declaration. 
 2.3
Inspection. The Company shall permit each Major Investor (other than a Holder reasonably deemed by the Company to be a competitor of the Company) to visit and inspect, at the expense of the requesting entity, the Company’s
properties, to examine its books of account and records and to discuss the Company’s affairs, finances and accounts with its officers, all at such reasonable times as may be requested by the above entities; provided, however, that
the Company shall not be obligated pursuant to this Section 2.3 to provide access to any information which it reasonably believes to be a trade secret or similar confidential information. 

2.4 Compensation Committee. The Company shall continue to maintain a Compensation Committee of the Board of Directors. The
Compensation Committee shall consist of three members, at least two of whom shall not be employees of the Company. The Compensation Committee shall be responsible for recommending to the Board of Directors (a) all equity compensation guidelines
and any equity compensation above those guidelines and (b) the non-equity compensation of the Company’s officers. 
 2.5
Audit Committee. The Company shall continue to maintain an Audit Committee of the Board of Directors. The Audit Committee shall at all times consist exclusively 

  
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of non-management members of the Board of Directors. The Audit Committee shall select (subject to the approval of the Board of Directors) and provide instruction to the Company’s independent
auditors. 
 2.6 Key Man Insurance. The Company shall (so long as they remain employed by the Company) continue to maintain
key man insurance to cover death or permanent disability of Chris Diorio and William T. Colleran in an amount not less than $1,000,000 for each of them, payable to the Company as beneficiary of such policy. 

2.7 Non-Competition Agreements. All future employees and consultants of the Company will enter into a non-competition agreement
(for employees and consultants located in states where non-competition provisions are legally enforceable), non-solicitation agreement, and a non-disclosure and developments agreement in either of the forms, as applicable based on the principal
location of such employee or consultant, reasonably acceptable to the Preferred Holders and attached to the Purchase Agreement as Exhibit F-1 for employees and consultants resident in states other than California and
Exhibit F-2 for employees and consultants resident in California. The forms of such agreements previously provided to the Preferred Holders are acceptable to the Preferred Holders in satisfaction of the requirements of this
Section 2.7. 
 2.8 Creation of Indebtedness. The Company will not, without first obtaining the consent of the Board
Supermajority, create Indebtedness, in a single transaction or series of related transactions, in an amount in excess of $500,000. For purposes of this Section 2.8, “Indebtedness” shall include, but not be limited to,
(i) all obligations for borrowed money, (ii) all obligations evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations with respect to capital leases, (iv) all obligations created or arising under
any conditional sale or other title retention agreement with respect to property acquired by the Company, (v) all obligations to pay the deferred purchase price of property or services (excluding trade payables aged less than 180 days),
(vi) all obligations or liabilities of others secured by a lien on any asset of the Company, whether or not such obligation or liability is assumed, and (vii) all obligations or liabilities of others guaranteed by the Company. 

2.9 Stock Compensation Approval. The Company will not, without first obtaining the consent of the Board Supermajority
(i) execute, create, or become bound by any new plan or arrangement for the grant of stock options, warrants, or other securities convertible into Common Stock, or for the issuance of restricted stock, or (ii) increase the number of shares
reserved for issuance pursuant to any such plan or arrangement, including the Company’s 2010 Equity Incentive Plan. 
 2.10 Stock
Vesting Approval. Any shares of Common Stock of the Company or options to purchase Common Stock of the Company issued after the closing of the transaction contemplated by the Purchase Agreement to directors, consultants, and employees of the
Company shall be approved by the Board of Directors and, unless otherwise expressly approved by the Board of Directors shall vest as follows: (i) 25% of such shares or options shall vest 12 months after the date employment with, or provision of
services to, the Company commences and (ii) the remaining shares shall vest at the rate of one forty-eighth (1/48th) of the total number of shares subject to the option per month thereafter. 

  
 -20- 

 2.11 Directors’ Meetings. The frequency of meetings of the Board of Directors
shall be determined by a majority of the members of the Board of Directors. The Company shall reimburse the members of the Board of Directors for all reasonable expenses and costs incurred in attending meetings of the Board of Directors and any
other meetings so required. 
 2.12 Termination of Covenants. The covenants set forth in Sections 2.1 through
Section 2.11 shall terminate as to each Holder and be of no further force or effect (i) for Sections 2.1 and 2.3 through 2.11, (A) immediately prior to the consummation of the initial public offering of the Company or
(B) when the Company first becomes subject to the periodic reporting requirements of Sections 13 or 15(d) of the Exchange Act, (ii) for Section 2.2, (A) immediately prior to the consummation of a Qualified IPO or
(B) when less than fifteen percent (15%) of the aggregate number of shares of Series 2 Preferred Stock issued pursuant to the Purchase Agreement remains outstanding, or (iii) upon termination of the entire Agreement upon a change
in control of the Company, as provided in Section 3.1. 
 3. Miscellaneous. 

3.1 Termination of Entire Agreement Upon Change of Control. This Agreement shall terminate, and have no further force and
effect, upon a Liquidation Transaction (as defined in the Company’s Amended and Restated Certificate of Incorporation, as amended from time to time). 

3.2 Successors and Assigns. Except as otherwise provided in this Agreement, the terms and conditions of this Agreement shall
inure to the benefit of and be binding upon the respective permitted successors and assigns of the parties (including transferees of any of the Preferred Stock or any Common Stock issued upon conversion thereof). Nothing in this Agreement, express
or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this
Agreement. 
 3.3 Amendments and Waivers. Any term of this Agreement may be amended or waived only with the written consent of
the Company and the holders of a Requisite Series 2 Majority of the Series 2 Preferred Stock; provided that if such amendment has the effect of affecting the Founders’ Stock (i) in a manner different than securities issued to the
Investors and (ii) in a manner adverse to the interests of the holders of the Founders’ Stock, then such amendment shall require the consent of the holder or holders of a majority of the Founders’ Stock then providing Services (as
defined below) to the Company; provided further, that notwithstanding the foregoing, following a Qualified IPO any term contained in Section 1 (Registration Rights) of this Agreement may be amended or waived with the consent of
the holders of a majority of the Registrable Securities then outstanding (not including the Founders’ Stock); provided further, that Section 3.13 may not be amended without the consent of Intel (as defined below). Any amendment or waiver
effected in accordance with this Section 3.3 shall be binding upon each party to this Agreement, whether or not such party has signed such amendment or waiver, each future holder of all such Registrable Securities, and the Company.
Notwithstanding the foregoing, or anything to the contrary contained herein, if the Company shall issue additional shares of its Series 2 Preferred Stock pursuant to the Purchase Agreement, 

  
 -21- 

 
any purchaser of such shares of Series 2 Preferred Stock may become a party to this Agreement without the consent of any other party hereto by executing and delivering an additional
counterpart signature page to this Agreement and shall be deemed an “Investor” hereunder. For the purposes of this Section 3.3, “Services” shall mean the rendering of services to the Company or any parent or
subsidiary of the Company in the role of an employee, consultant, advisor, technical advisor, director or otherwise, whether or not compensated for such services. Notwithstanding anything to the contrary contained herein, the last sentence of
Section 3.13 shall not be amended or waived without the prior written consent of Intel Corporation. 
 3.4 Notices.
Unless otherwise provided, any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient upon delivery, when delivered personally or by overnight courier or sent by telegram, electronic mail or fax, or
forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed to the party to be notified at such party’s address, electronic mail address or fax number as set forth on
Exhibit A and Exhibit B hereto or as subsequently modified by written notice. 
 3.5 Severability. If one
or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for
such provision, then (a) such provision shall be excluded from this Agreement, (b) the balance of this Agreement shall be interpreted as if such provision were so excluded and (c) the balance of this Agreement shall be enforceable in
accordance with its terms. 
 3.6 Governing Law. This Agreement and all acts and transactions pursuant hereto shall be
governed, construed and interpreted in accordance with the laws of the State of Washington, without giving effect to principles of conflicts of laws. 

3.7 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. 
 3.8 Titles and Subtitles. The titles and subtitles used in
this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 
 3.9
Aggregation of Stock. All shares of the Preferred Stock held or acquired by affiliated entities or persons shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 

3.10 Amendment of Prior Rights Agreement. Effective and contingent upon execution of this Agreement by the Company and the
holders of a majority of the Registrable Securities, as that term is defined in the Prior Rights Agreement, not including the Founders’ Stock, as that term is defined in the Prior Rights Agreement, and upon closing of the transactions
contemplated by the Purchase Agreement, the Prior Rights Agreement is hereby amended and restated in its entirety to read as set forth in this Agreement, and the Company, the Founders, and the Investors hereby agree to be bound by the provisions
hereof as the sole agreement of the Company, the Founders and the Investors with respect to registration rights of the Company’s securities and certain other rights, as set forth herein. 

  
 -22- 

 3.11 Entire Agreement. This Agreement and the other documents delivered pursuant
hereto constitute the full and entire understanding and agreement among the parties with regard to the subjects hereof and thereof and no party shall be liable or bound to any other in any manner by any representations, warranties, covenants and
agreements except as specifically set forth herein and therein. 
 3.12 Delays or Omissions. No delay or omission to exercise
any right, power or remedy accruing to any holder of any Registrable Securities upon any breach or default of the Company under this Agreement shall impair any such right, power or remedy of such holder, nor shall it be construed to be a waiver of
any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter
occurring. Any waiver, permit, consent or approval of any kind or character on the part of any holder of any breach or default under this Agreement, or any waiver on the part of any holder of any provisions or conditions of this Agreement, must be
in writing and shall be effective only to the extent specifically set forth in such writing or as provided in this Agreement. 
 3.13.
Competitor Status. For so long as Intel Corporation (“Intel”) is in compliance with Section 2.5 of that certain License Agreement by and between Intel and the Company dated as of July 3, 2008, Intel shall not
be deemed a “competitor” of the Company with respect to Sections 2.1 “Delivery of Financial Statements” and 2.3 “Inspection” hereof. 

[Signature Page Follows] 

  
 -23- 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of the
date first above written. 
  

			
	COMPANY:
	
	IMPINJ, INC.
		
	By:	 	 /s/ Evan Fein

		 	Evan Fein
		 	 Chief Financial Officer

 
			
		
	Address:	 	701 N. 34th Street
		 	Suite 300
		 	Seattle, WA 98103
		
	Fax:	 	

 
			
	
	INVESTORS:
	
	 INTEL CORPORATION
 a Delaware
corporation

		
	By:	 	 /s/ Edward Vermeer

		
	Name:	 	 Edward Vermeer

		
	Title:	 	 Treasury Designee

 

			
	
	Address:
	Attn: Intel Corporation Portfolio Manager
	2200 Mission College Blvd., M/S RN6-59
	Santa Clara, CA 95052
	Fax Number: 
	
	 with a copy by e-mail to:

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
					
	INVESTORS:
	
	ALLIANCEBERNSTEIN Venture Fund I L.P.
		
	By:	 	AllianceBernstein ESG Venture Management, L.P.
		 	Its:	 	General Partner
		
	By:	 	AllianceBernstein Global Derivatives Corporation
		 	Its:	 	General Partner
		
	By:	 	 /s/ Mona Bhalla

		
	Name:	 	 Mona Bhalla

		 	(print name)
		
	Title:	 	 Senior Vice President and Asst.
Secretary

 
			
		
	Address:	 	1345 Avenue of The Americas
		 	New York, NY 10105
		
	Fax:	 	

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	ARCH VENTURE FUND V, L.P.
		
	By:	 	 ARCH Venture Partners V, L.P.
 its General
Partner

		
	By:	 	 ARCH Venture Partners V, LLC
 its General
Partner

		
	By:	 	 /s/ Clinton Bybee

		
	Name:	 	 Clinton Bybee

		 	(print name)
		
	Title:	 	 Managing Member

 
			
		
	Address:	 	8725 W. Higgins Road
		 	Suite 290
		 	Chicago, IL 60631
		
	Fax:	 	

 
			
	
	ARCH V ENTREPRENEURS FUND, L.P.
		
	By:	 	 ARCH Venture Partners V, L.P.
 its General
Partner

		
	By:	 	 ARCH Venture Partners V, LLC
 its General
Partner

		
	By:	 	 /s/ Clinton Bybee

		
	Name:	 	 Clinton Bybee

		 	(print name)
		
	Title:	 	 Managing Member

 
			
		
	Address:	 	8725 W. Higgins Road
		 	Suite 290
		 	Chicago, IL 60631
	Fax:	 	

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	MADRONA VENTURE FUND I-A, LP
		
	By:	 	 Madrona Investment Partners, LLC,
 Its General
Partner

		
	By:	 	 /s/ Tom A. Alberg

		
	Name:	 	 Tom A. Alberg

		 	(print name)
	Title:	 	Managing Director

 
			
		
	Address:	 	 1000 Second Avenue, Suite 3700
 Seattle, WA
98104

		
	Fax:	 	

 
			
	
	MADRONA VENTURE FUND I-B, LP
		
	By:	 	 Madrona Investment Partners, LLC,
 Its General
Partner

		
	By:	 	 /s/ Tom A. Alberg

		
	Name:	 	 Tom A. Alberg

		 	(print name)
	Title:	 	Managing Director

 
			
		
	Address:	 	 1000 Second Avenue, Suite 3700
 Seattle, WA
98104

		
	Fax:	 	

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	 MADRONA MANAGING DIRECTOR

FUND, LLC

		
	By:	 	 /s/ Tom A. Alberg

		
	Name:	 	 Tom A. Alberg

		 	(print name)
	Title:	 	Managing Director

 
			
		
	Address:	 	1000 Second Avenue, Suite 3700
		 	Seattle, WA 98104
		
	Fax:	 	

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	MOBIUS Technology Ventures VI L.P.
	
	SOFTBANK U.S. Ventures Fund VI L.P.
	
	 MOBIUS Technology Ventures

Advisors Fund VI L.P.

	
	 MOBIUS Technology Ventures

Side Fund VI L.P.

		
	By:	 	MOBIUS VI LLC, General Partner
		
	By:	 	 /s/ Brad Feld

	Name:	 	 Brad Feld

	Title:	 	 Managing Director

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	 POLARIS VENTURE PARTNERS III, L.P.

a Delaware Limited Partnership

		
	By:	 	POLARIS VENTURE MANAGEMENT
		 	CO. III, L.L.C., ITS GENERAL PARTNER
		 	a Delaware Limited Liability Company
		
	By:	 	 /s/ William E. Bilodeau

		 	William E. Bilodeau
		 	Attorney-In Fact

 
			
		
	Address:	 	1000 Winter Street
		 	Suite 3350
		 	Waltham, MA 02451
		
	Phone:	 	
	Fax:	 	

 
			
	
	POLARIS VENTURE PARTNERS
	 ENTREPRENEURS’ FUND III, L.P.

a Delaware Limited Partnership

		
	By:	 	POLARIS VENTURE MANAGEMENT
		 	CO. III, L.L.C., ITS GENERAL PARTNER
		 	a Delaware Limited Liability Company
		
	By:	 	 /s/ William E. Bilodeau

		 	William E. Bilodeau
		 	Attorney-In Fact

 
			
		
	Address:	 	1000 Winter Street
		 	Suite 3350
		 	Waltham, MA 02451
		
	Phone:	 	
	Fax:	 	

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	POLARIS VENTURE PARTNERS
	 FOUNDERS’ FUND III, L.P.

a Delaware Limited Partnership

		
	By:	 	POLARIS VENTURE MANAGEMENT
		 	CO. III, L.L.C., ITS GENERAL PARTNER
		 	a Delaware Limited Liability Company
		
	By:	 	 /s/ William E. Bilodeau

		 	William E. Bilodeau
		 	Attorney-In Fact

 
			
		
	Address:	 	1000 Winter Street
		 	Suite 3350
		 	Waltham, MA 02451
		
	Phone:	 	
	Fax:	 	

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	GF PRIVATE EQUITY GROUP, LLC
		
	By:	 	 /s/ James Thompson

		 	James Thompson
		 	President & Chief Operating Officer

 
			
		
	Address:	 	175 Mercado Street, Suite 201
		 	Durango, Colorado 81301
		
	Fax:	 	

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	UPS GENERAL SERVICES CO.
		
	By:	 	 /s/ Jerry Del Gaudio

		
	Name:	 	 Jerry Del Gaudio

		 	(print name)
		
	Title:	 	 VP, Corporate Strategy

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	VITERBI GROUP, LLC
		
	By:	 	 /s/ Andrew J. Viterbi

		
	Name:	 	 Andrew J. Viterbi

		 	(print name)
		
	Title:	 	 President

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	VENTURETECH ALLIANCE FUND II, L.P.
		
	By:	 	 /s/ R. C. Norris

		
	Name:	 	 R. C. Norris

		 	(print name)
		
	Title:	 	 Managing Member

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	INVENTEC APPLIANCES CORPORATION
		
	By:	 	 /s/ Arnold Gia-Shuh Jang

		
	Name:	 	 Arnold Gia-Shuh Jang, Ph.D.

		 	(print name)
		
	Title:	 	Vice President, Investment Alliance
		 	Management

 
			
		
	Addresse:	 	 No. 37, Wugong 5th Rd.,

		 	 Wugu Industrial Park,

		 	 Wugu, New Taipei City 248, Taiwan

		
	Fax:	 	  

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	SINOPAC VENTURE CAPITAL CORP.
		
	By:	 	 /s/ George Shiu

		
	Name:	 	 George Shiu

		 	(print name)
		
	Title:	 	 Chairman

	
	YUEN SHIN YI ENTERPRISE CO., LTD.
		
	By:	 	 /s/ Show-Chung Ho

		
	Name:	 	  

		 	(print name)
		
	Title:	 	  

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Sung-Wei Chen

	SUNG-WEI CHEN

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	DIORIO FAMILY TRUST
		
	By:	 	 /s/ Anne Marie Diorio

		
	By:	 	 /s/ Philip C. Diorio

		
	Name:	 	 Anne Marie Diorio

		 	(print name)
		
	Name:	 	 Philip C. Diorio

		 	(print name)
		
	Title:	 	  

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Philip J. Diorio

	PHILIP J. DIORIO

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Sonya Erickson

	SONYA ERICKSON

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Oren Etzioni

	OREN ETZIONI

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	GREGORY E. MOHR AND ELISA M. MOHR, AS CO-TRUSTEES OF THE GREGORY AND ELISA MOHR TRUST
		
	By:	 	 /s/ Elisa M. Mohr

		
	Name:	 	 Elisa M. Mohr

		 	(print name)
		
	Title:	 	 Trustee

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ David L. Kaplan            /s/ Anita
Kaplan

	DAVID AND ANITA KAPLAN

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Joshua Kaplan

	JOSHUA KAPLAN

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Henry M. Levy

	HENRY M. LEVY

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Carver Mead

	CARVER MEAD

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Daniel Weld

	DANIEL WELD

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	WS INVESTMENT COMPANY, LLC (2012A)
		
	By:	 	 /s/ Patrick J. Schultheis

		 	 Patrick J. Schultheis
 Member

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	CIPIO PARTNERS FUND VI S.C.S., SICAR
		
	By:	 	 /s/ C. Schlesser

		
	By:	 	 /s/ CH. Kosstiann

		
	Name:	 	 C. Schlesser

		 	(print name)
	Title:	 	 Manager

		
	Name:	 	 CH. Kosstiann

		 	(print name)
	Title:	 	 Manager

  

			
	Address:	 	 Cipio Partners S.à. r.l.

		 	 12F, rue Guillaume Kroll

		 	 L-1882 Luxembourg

	Phone:	 	  

	Fax:	 	  

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Patrick Ennis

	PATRICK ENNIS

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Michael A. Morrissey

	MICHAEL A. MORRISSEY

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Edmund S. Ruffin, Jr.

	EDMUND S. RUFFIN, JR.

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	INVESTORS:
	
	 /s/ Stephen B. Thau

	STEPHEN B. THAU

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	FOUNDERS:
	
	 /s/ Carver Mead

	Carver Mead
		
	Address:	 	
		 	
		
	Fax:	 	
	
	 /s/ Christopher Diorio

	Christopher Diorio
		
	Address:	 	
		 	
		
	Fax:	 	  

	
	  

	Todd Humes
		
	Address:	 	
		 	
		
	Fax:	 	  

  
 SIGNATURE PAGE TO IMPINJ, INC.
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT

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