Document:

EX-10.16

 Exhibit 10.16 
 Land and Factory Lease Agreement 
  

			
	The Lessor:	 	Hong-Ming Lee, Zhi-Ming Lee, Qing-Yu Lee, Fu-Zhong Lu, Yu-Wei Lu, and Guan-Lun Lu (“the Lessor”)
		
	The Lessee:	 	FOX FACTORY, INC. (“FOX”)
		 	Legal Representative: Graham Sills

 For lease of the real property, including the land and factory, the Parties by mutual agreement, enter the Lease
Agreement with the following conditions: 
 I. Objects of the Lease 
 All the Use Scope of the factory (Nantun Baowen Section Building No.00185-000) and the land (Nantun Baowen Section Land No. 621-20, 621-21, 621-22) on which the factory resides at the address of
Jing-Ke Liu Road No. 8, Nantun, Taichung, Taiwan (The Taichung City Precision Machinery Innovation Technology Park). The total area of usage is 5,252.55 square meter. The detailed Use Scope of the Lease is provided as one attachment.

 II. Term 
  

	1.	The period of lease is 5 years, starting from April 10, 2012 to April 9, 2017. 

 

	2.	One party should notify the other party in writing two months before the Lease expire if the party will not continue or renew the Lease. 

 

	3.	The Lessor agree that FOX enjoys the right of first offer to lease when the Lease expires. When FOX exercises such right, the Lessor agree to enter the new lease
agreement with the same conditions of this Agreement. 

 III. Rent 

 

	1.	 The monthly rent is NT$ 430,000. FOX will pay the rent by wiring cash on the 4th day of the month into the bank account designated by the Lessor. 

  
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	2.	Information of the Lessor’s bank account 

 Bank Name:
                                        

 Account Name:
                                        

 Account Number:
                                        

  

	3.	Starting from the fourth year of the Lease, the rent of the year will be adjusted according to the consumer price index in January of the year with 2012/ NT$ 430,000 as
the base. 

 IV. Deposit 
  

	1.	FOX agree to provide the Lessor with NT$ 1,290,000 of cash or check as deposit of the Lease at the time when executing the Agreement. 

 

	2.	The Lessor should return the Deposit to FOX when FOX return the Objects of the Lease to the Lessor in compliance with the conditions in this Agreement at the time when
the Lease expires or is terminated. The Lessor may deduct from the Deposit the expenses of Article V, Section 9, the penalty provided in this Agreement, or the repair cost for the damages resulting from FOX’ improper use of the Objects.

 V. Use of Objects 
  

	1.	The Objects are for FOX’ production or other business use. 

  

	2.	FOX should exercise the due care of a good administrator when using the Objects. FOX bears the damage liability or public safety responsibility if the damage on the
Objects is caused by FOX’ intent or gross negligence, except cause of force majeure. 

  

	3.	FOX should not without the Lessor’s permission, sublease, lent out, transfer the whole or a portion of the Objects of the Lease, or in any other ways allow others
to use the Objects of the Lease. 

  

	4.	The Objects of the Lease should not be used for illegal purposes and should not be stored with dangerous items that will affect the public safety.

  

	5.	The Lessor should install a gate in front of the factory (gate drawing as the attachment). The cost of such installment is bore by the Lessor. The type or style of the
gate should be decided by the Parties. 

  
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	6.	The Lessor agree that FOX may renovate, partition, or redecorate the factory for the necessity of its operation. FOX should receive the Lessor’s written approval
if such renovation will affect the architectural structure (the base and pillars) of the factory. The Lessor is made aware that FOX will build a second floor in the factory for its manufacturing business, and the structural security of such
renovation will be certified by a licensed structure engineer. FOX agrees to notify the Lessor when the renovation starts and that the Lessor may be present at the site to observe the renovation. The lessor may request to suspend the renovation if
FOX does not comply with the certified drawing of the renovation. By executing this Agreement, the Lessor agree FOX’ renovation plan is certified by structure engineer. The Lessor agree not to delay or reject FOX’ renovation plan without
good cause. FOX bears the cost or expenses of the renovation. 

  

	7.	The Lessor represent that the water or electricity system and fire fighting equipments on the Objects are in compliance with the fire control regulation, and is
serviceable. FOX bears the cost or expenses if additional fire fighting equipments are required due to the renovation or the unique requirements in the industry which FOX is in. FOX is responsible for the maintenance or replacement of the water,
electricity and fire fighting equipments during the Term of the Lease. 

  

	8.	FOX’ business operation on the Objects should be in compliance with the fire control regulations or environment protection regulations. 

 

	9.	FOX bears the expenses or fees of utilities, telephone service, public infrastructure maintenance and sewage disposal system during the Term of the Lease.

  

	10.	During the Term of the Lease, the Lessor is responsible for and bears the cost or expenses of repair on the damage caused by the rule of nature while FOX is responsible
for and bears the cost or expenses of repair on the damage cause by other reasons. During the Term of the Lease, FOX is responsible for the replacement of the expendables. 

  
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 VI. Registration 
  

	1.	The Lessor should cooperate with FOX in applying for factory registration. 

 

	2.	FOX should request for change or cancelation of its company or factory registration when the Lease expires or is terminated. 

VII. Tax and Insurance 
  

	1.	The Lessor bear the tax relating to the Objects, including Land Tax, Land Value Tax, House Tax and their own Income Tax resulting from the Lease.

  

	2.	The Lessor bear the cost of building safety inspection and are responsible for purchasing fire insurance, typhoon insurance and earthquake insurance for the factory.
The Lessor bear the insurance cost while FOX bears the cost of fire control inspection. 

  

	3.	FOX bears the tax arising from its business operation. 

  

	4.	FOX should purchase and bear the cost of property insurance and third party liability insurance for the equipments or facilities saved inside the Objects during the
Term of Lease. 

  

	5.	The Parties should incorporate with each other when the insurance company is conducting investigation, appraisal and compensation. 

VIII. Representations and Warranties 
  

	1.	The Lessor represent that they are the legal users of the Objects (including land and factory), and have the right to y lease the Objects for the exclusive use of FOX.
The Lessor also warrant that FOX’ use on the Objects will not be affected by any existing flaw in the process of the Lessor’s obtaining their user right and will not be interrupted by any third party. 

 

	2.	The Lessor warrant that their deposition or transfer of the Objects or any mortgages they put on the Objects during the Term of the Lease will not affect FOX’ use
of the Objects or the validity of this Agreement. 

  
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	3.	The Lessor guarantee not to claim any damage or right over the renovation that FOX will do on the Objects. The Lessor warrant that the owner of the land and/or the
owner of the factory will not claim any damage or right if FOX renovates the Objects in accordance with the certified plan and the appearance of the Objects is not damaged. 

 

	4.	The Lessor is liable for any damage resulting from the Lessor’s violation of the Representations and Warranties. 

IX. Termination of the Agreement 
  

	1.	The Lessor should give a two-month pre-notice in writing before it terminates the Lease. The Lessor is liable for compensating FOX’ damage resulting from the
termination. 

  

	2.	FOX should give a three-month pre-notice in writing if it wants to terminate the Lease. 

 

	3.	The Lessor may terminate the Lease if FOX delays paying rent for more than 2 months. The Lessor may also terminate the Lease after sending a reminder notice of
performance for FOX’ violation of the use restriction under Article V and FOX ignores the notice. 

  

	4.	FOX should return the Objects when the Lease expires or is terminated. FOX is liable for the rent during the delay and the following penalties if it refuse to return:

 (1) Delay for less than 1 month: 2% of monthly rent as penalty. 

(2) Delay for more than 1 month and less than 2 months: 5% of monthly rent per month as penalty. 

(3) Delay for more than 2 months and less than 3 months, 10% monthly rent per month as penalty. 

(4) Delay for more than 3 months, 15% of monthly rent per month as penalty. 
 X. Return of Objects of Lease 
  

	1.	When the Lease expires or is terminated, the Lessor should give FOX a 30 day notice for cleaning out the Objects. The Lessor are free to make any arrangement for the
furniture, machines or other items that still remain on the Objects after the 30 day period. FOX bears the cost or expense for such arrangement. From the Lessor’s arrangement, FOX should not claim any damage for any precious items or by other
excuses. 

  
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	2.	The Lessor may request FOX to recover the Objects or to return the Objects in the status quo. 

 XI. Notice 
  

	1.	All notices in this Agreement should be made in writing and to the address and telephone number listed in this Agreement. The Lessor agree that the notice made to Lee,
Zhi-Ming is regarded as a notice to all the members of the Lessor. 

  

	2.	One party should inform the other party promptly in writing of the change of such party’s address or telephone number. If the change is not notified in time and
results in other party’ failure of notice, the date of sending out the notice to the post office is deemed as the arrival date of the notice. 

 XII. Force Majeure 
 If the Lease becomes impossible because of any act of God or other
causes of force majeure, any party may terminate the Agreement or revise the Agreement with the other party’s consent. In the event that the whole or a part of the Objects becomes unsuitable for use because of any force majeure reason, FOX
enjoys the right to terminate the Agreement or request abatement of rent based on the percentage of unusable space. 
 XIII. Modification,
Interpretation and Jurisdiction 
  

	1.	This Agreement becomes effective on the execution date and supersedes all prior writing or oral, express or implicit agreements relating to the Lease between the
Parties. The modification or revision of this Agreement should be entered by the Parties in writing unless otherwise specified in this Agreement. 

  

	2.	The Parties understand the provisions in this Agreement and agree to perform accordingly. Unsettled items will be interpreted according to the Civil Code of the
Republic of China (Taiwan), customary law and good faith. 

  

	3.	The attachments of this Agreement are part of this Agreement and form a complete contract between the Parties. The attachments have the same effect as the previsions of
this Agreement. The Agreement governs if there is any conflict in the attachments. 

  
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	4.	The Parties agree the Taichung District Court has jurisdiction over the disputes arising from this Agreement. 

XIV. Form of Agreement 
  

	1.	The Agreement should be notarized and the notarization fee is bore by the Parties. 

 

	2.	There are 5 executed copies of this Agreement. The Lessor, FOX, and the witness (the Broker) each preserve a copy and the fifth copy will be preserved by the notary.

 The Parties: 

The Lessor: 
 1. Lee, Zhi-Ming

 Id. No.: L121324103 
 Address:

 Telephone: 

  
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 2. Lee, Hong-Ming 
 Id. No.: L121324096 
 3. Lee, Qing-Yu 

Id. No.: L121325244 
 4. Lu, Fu-Zhong

 Id. No.: F122153131 
 5. Lu,
Yi-Wei 
 Id. No.: F122153159 

6. Lu, Guan-Lun 
 Id. No.: F123570967

 The Lessee: 
 FOX FACTORY,
Inc. 
 The Legal Representative: Graham Sills 
 Corporate Id. No.: 53019078 
 Address: 
 Telephone: 
 Witness: 
 Real Estate Broker: Gong-Shang Real Estate Consultant Inc., Co.

 
 Real Estate Agent: Luo, Fong-Lan 
 Agent’s License No.: (92) Chong-Shi-Chi No. 00358 
 Date: April 2, 2012 

  
 8EX-10.17

 Exhibit 10.17 
 SUBLEASE 
 This SUBLEASE, dated as of the 1 day of January, 2012
(“Effective Date”), is entered into and agreed between Fox Factory, Inc., a California corporation, having its headquarters at 915 Disk Drive, Scotts Valley, CA 95066 (“Sublandlord”), and Robert Fox Jr. an
individual, having his residence at 20411 Kent Way, Los Gatos, California 95030 (“Subtenant”). 
 RECITALS

 WHEREAS, Sublandlord is the tenant of certain premises (the “Subleased Premises”) consisting of
approximately 3,665 square feet of the first floor of the building located at 915 Disk Drive, Scotts Valley California 95066 (the entire structure being referred to as the “Building”), pursuant to a lease (the “Prime
Lease”) commencing as of December 1, 2011, with Sammie Rae Abitbol LLC., as landlord (“Prime Landlord”). A copy of the Prime Lease is annexed hereto as Exhibit A; and 

WHEREAS, Subtenant wishes to sublet from Sublandlord the Subleased Premises as more particularly described as an area of the first floor
of 915 Disk Drive, Scotts Valley, CA 95066 including generally the numbered spaces 112-117, 119-122, A10-A23, and A25-A28 as shown on the floor plan annexed hereto in Exhibit A on page 51 of that Exhibit and being herein referred to as the
“Subleased Premises”. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Sublandlord and Subtenant agree as follows: 
 1. Demise and Term. 

(a) Subject to and in accordance with all of the terms, covenants and conditions of this Sublease, Sublandlord hereby subleases the
Subleased Premises to Subtenant, and Subtenant hires and accepts the Subleased Premises from Sublandlord, for a term (the “Sublease Term”) to commence on January 1, 2012 (the “Sublease Commencement Date”), and
to expire on December 31, 2012 (the “Sublease Expiration Date”) unless early terminated in accordance herewith, both dates inclusive, unless the Sublease Term shall sooner end pursuant to any of the terms, covenants and
conditions of this Sublease or the Prime Lease. Sublandlord and Subtenant acknowledge and agree that notwithstanding the fact this Sublease demises the Subleased Premises for up to the remainder of the term of the Prime Lease, this Sublease shall be
deemed to be a sublease and not an assignment of the Prime Lease, and in the event that under any applicable rule of law this Sublease would be deemed to be an assignment of the Prime Lease by reason thereof, the term of this Sublease shall
automatically be deemed to expire on the day immediately preceding the last day of the term of the Prime Lease so as to preserve the intention of the parties that this Sublease be construed as a sublease and not an assignment. 

(b) In the event that Sublandlord is unable to deliver possession of the Subleased Premises to Subtenant on the Sublease Commencement
Date due to factors beyond Sublandlord’s reasonable control, Sublandlord shall not be subject to any liability there for and the validity of this Sublease shall not be, impaired, but all Rent and other obligations of Subtenant attributable to
the Subleased Premises shall be abated until such time as possession thereof is delivered to Subtenant. 
 (c) The date upon
which Sublandlord actually delivers the Subleased Premises to Subtenant for the early entry period described herein shall be the “Delivery Date”. 
 2. Use. Subtenant shall use the Subleased Premises solely for those purpose(s) permitted pursuant to the Prime Lease and for no other purpose(s). 

 3. Rent. 
 (a) From and after the Sublease Commencement Date, Subtenant shall pay to Sublandlord the base rent specified in subsection (b) below (“Base Rent”). Base Rent and all other items of
additional rent, charges and expenses payable by Subtenant hereunder (all of the foregoing except for Base Rent deemed, collectively, “Additional Rent”) shall be paid to Sublandlord on the first day of each calendar month, without
deduction, abatement, counterclaim or setoff of any amount for any reason whatsoever. Rent shall be paid to Sublandlord in lawful money of the United States at its address set forth above, or to such other person, or at such other address, as
Sublandlord may from time to time designate by notice to Subtenant. Any payment by Subtenant or receipt by Sublandlord of an amount less than the amount stipulated hereunder for any portion of Rent shall be deemed a payment on account of such
amount(s) payable. An endorsement or statement by Subtenant on any check or letter shall not be deemed to create an accord and satisfaction, and Sublandlord may accept any such check or payment without prejudice to Sublandlord’s right to
recover the balance due or to pursue any other remedy available to it. Any provision in the Prime Lease referring to “Rent” or “rent” (or words of similar meaning) incorporated herein by reference shall be deemed to
refer to all items of Base Rent and Additional Rent due under this Sublease. Base Rent and Additional Rent shall be referred to as “Rent”. 
 (b) Base Rent shall consist of the following amounts, and shall be paid by Subtenant to Sublandlord as herein provided: payable as $5,000.00 per month. 

(c) Notwithstanding subsection (b) above, Subtenant’s obligation to pay Rent shall commence on the Sublease Commencement Date,
subject to any abatement of Rent pursuant to Paragraph 1.(b) above. The Rent payable for the calendar month in which the Sublease Commencement Date occurs shall be prorated to reflect the number of days of Subtenant’s occupancy during such
calendar month and shall be payable on the Sublease Commencement Date. 
 (d) Rent payable hereunder shall be prorated on a
daily basis in the case of any period of less than a full calendar year or, in the case of any monthly installment, any period less than a full calendar month. Subtenant shall pay all commercial rent or occupancy taxes imposed in connection with
this Sublease, the Subleased Premises or the payment of Rent hereunder, if applicable. 
 4. Additional Rent: 

(a) The Subtenant shall be responsible for paying directly to the provider all charges for all utilities, services, materials and other
items provided to the Subleased Premises to the extent such utilities, services, materials and other items are not provided by Prime Landlord pursuant to the Prime Lease. 
 (b) The current Additional Rent payable under the Prime Lease (which sum may be adjusted annually pursuant to the applicable provisions of the Prime Lease) is $0.00 per month. 

5. Security Deposit. Subtenant shall deposit the sum of $0.00 (the “Security Deposit”) with Sublandlord as
security for the full and timely performance of Subtenant’s obligations under this Sublease. 
 6. Late Charges. If
Subtenant shall fail to pay any installment of Rent or any other sum payable under this Sublease within five (5) days after the date when such amount is due, Subtenant shall pay to Sublandlord (in addition to such installment of Rent or other
sum, as the case may be) as a late charge, an amount equal to (i) six percent (6%) of the amount unpaid plus (ii) eight percent (8%) per annum (the “Interest Rate”) of the amount unpaid, computed from the due
date of such payment to and including the 

 
date when such payment is actually made to Sublandlord; provided, however, that the total amount of such late charges shall not exceed the maximum late charge permitted by applicable law. The
late charges for any month shall be paid to Sublandlord within ten (10) business days after receipt of written demand therefor. In the case of any uncured default in payment of any late charges by Subtenant, and in addition to all other
remedies, Sublandlord shall have the same rights as provided in this Sublease (including the provisions incorporated by reference) for nonpayment of Rent. Nothing in this Paragraph, and no acceptance of late charges by Sublandlord, shall be deemed
to extend or change the time for payment of Rent. 
 7. Subordination to the Prime Lease; Prime Landlord’s Consent.

 (a) This Sublease is subject and subordinate to the Prime Lease and to each exception, encumbrance, lien or other matter to
which the Prime Lease is or shall be subordinate. In the event of lawful termination, re-entry or dispossession by Prime Landlord under the Prime Lease, Prime Landlord may take over all of the right, title and interest of Sublandlord, as Sublandlord
under this Sublease, and Subtenant shall attorn to Prime Landlord pursuant to the then executory provisions of this Sublease, except that the Prime Landlord shall not be (i) liable for any previous act or omission of Sublandlord under this
Sublease, (ii) subject to any counterclaim, offset or defense not expressly provided in this Sublease (which theretofore accrued to Subtenant against Sublandlord) or (iii) bound by any previous prepayment of more than one (1)
month’s Rent. 
 (b) Sublandlord shall pay to Prime Landlord any fee imposed on Sublandlord by the Prime Lease or otherwise
in connection therewith. 
 8. Incorporation by Reference. 

(a) Subject to the provisions of this Sublease, the terms and conditions of the Prime Lease (including, without limitation, the remedies
thereunder) are hereby incorporated by this Sublease and made a part hereof with the same force and effect as if such terms and conditions were completely set forth herein, and as if the words “Landlord” and
“Tenant”, or words of similar import, wherever the same appear in the Prime Lease, were construed to mean, respectively, Sublandlord and Subtenant under this Sublease, and as if the word “Premises”, or words of
similar import, wherever the same appear in the Prime Lease, were construed to mean the Subleased Premises under this Sublease, and as if the word “Lease”, or words of similar import, wherever the same appear in the Prime Lease,
were construed to mean this Sublease, and as if the word “Term”, or words or similar import, wherever the same appear in the Prime Lease, were construed to mean the Sublease Term under this Sublease. From and after the Sublease
Commencement Date, Subtenant shall undertake to perform and observe all the terms, covenants and conditions of the tenant under the Prime Lease except for: (i) Sublandlord’s obligation to pay Rent and additional rent thereunder (so long as
Subtenant pays all components of Rent pursuant to this Sublease); and (iii) those other terms, covenants and conditions which Sublandlord has expressly undertaken to perform or observe pursuant to the terms hereof. The time limits contained in
the Prime Lease for the giving of notices, making of demands or performing any act, condition or covenant on the part of the tenant thereunder, or forthe exercise by the tenant thereunder of any right (including any right to cure a default), remedy
or option, are changed for the purposes of incorporation herein by shortening the same by five (5) days in each instance, unless such time limit is five (5) days or less, in which event such period shall be shortened by two (2) days
(but in no event shall such time limit be shortened pursuant to this subsection to less than three (3) days), so that notices may be given, demands made, any act, condition or covenant performed, and any right, remedy or option hereunder
exercised by Sublandlord within the time limit relating thereto contained in the Prime Lease. Notwithstanding anything to the contrary in this Sublease, if any of the express provisions of this Sublease shall conflict with any of the provisions of
the Prime Lease incorporated herein by reference, as between Sublandlord and Subtenant, such conflict shall be resolved in every instance in favor of this Sublease; however, nothing contained in this Sublease shall be deemed, in any way, to modify
any of the provisions of the Prime Lease. 

 (b) All capitalized words and phrases not otherwise defined or described in this Sublease
shall have the meanings ascribed to them in the Prime Lease. 
 9. Performance by Sublandlord. 

(a) Subtenant shall not have any rights in respect of the Subleased Premises greater than Sublandlord’s rights under the Prime Lease
with respect thereto. Subject to the provisions of Paragraph 10(b) below, notwithstanding anything to the contrary in this Sublease, Sublandlord shall have no liability to Subtenant by reason of any default of Prime Landlord (as to obligations
of Sublandlord contained in this Sublease by the incorporation by reference of any provision of the Prime Lease), it being understood that if Sublandlord shall fail to fulfill any obligation of Prime Landlord hereunder and such failure is caused by
the failure of Prime Landlord to comply with its obligations under the Prime Lease, then Sublandlord shall have no obligation or liability by reason of such failure. Subtenant expressly acknowledges that all of the services provided to the Building
and the Subleased Premises are supplied by Prime Landlord, that Sublandlord has no control thereof and assumes no responsibility in connection therewith and that no such failure or interruption shall give rise to any (i) abatement, diminution
or reduction of Subtenant’s obligations under this Sublease (except to the extent that Sublandlord is granted rent abatement under the Prime Lease), (ii) constructive eviction, whether in whole or in part, or (iii) liability on the
part of Sublandlord, unless and to the extent such failure or interruption is directly attributable only to the negligence or willful misconduct of Sublandlord. 
 (b) Sublandlord shall not be required to make any payment or perform any obligation, and shall have no liability to Subtenant for any matter whatsoever, except for Sublandlord’s obligations:

  

	 	(i)	to pay the Rent and Additional Rent due under the Prime Lease (provided Subtenant is not in default, beyond applicable notice and cure periods, in the payment of Rent
payable under this Sublease); 

  

	 	(ii)	to use commercially reasonable good faith efforts, upon written request of Subtenant, to cause Prime Landlord to observe and perform its obligations under the Prime
Lease with respect to the Subleased Premises (provided that Subtenant pays all costs incurred by Sublandlord in connection therewith) and provided that Sublandlord shall not be obligated to commence any litigation; 

 

	 	(iii)	provided that Subtenant is not in default under this Sublease beyond applicable notice and cure periods, not to take any action during the Sublease Term that would
cause a default by Sublandlord as tenant under the Prime Lease. Sublandlord hereby represents and warrants for the benefit of Subtenant that, as of the date hereof, (i) the copy of the Prime Lease attached hereto as Exhibit A is a true
and correct copy thereof and that no amendments or modifications have been executed by Sublandlord and Prime Landlord, and the Prime Lease is in full force and effect; (ii) Sublandlord has not received any notice of default from the Prime
Landlord under the Prime Lease; and (iii) Sublandlord is in possession of the Subleased Premises; and 

  

	 	(iv)	Sublandlord promptly shall provide Subtenant with copies of all notices, including notices of default, received by Sublandlord from Prime Landlord.

 10. No Breach of the Prime Lease. Subtenant shall not do, or permit to be done,
during the Sublease Term, any act or thing which constitutes a breach or violation of any provision of the Prime Lease, whether or not such act or thing is permitted under the provisions of this Sublease. 

11. Indemnification. Subtenant shall indemnify, defend and hold Sublandlord harmless from and against all third-party loss, cost,
damage, expense and liability, including, without limitation, reasonable attorneys’ fees and disbursements, which Sublandlord may incur by reason of: (i) any accident, damage or injury to any person or property occurring in, on or about
the Subleased Premises from and after the Sublease Commencement Date; (ii) any breach or default under this Sublease by Subtenant; (iii) any work done in or to the Subleased Premises, either by or on behalf of Subtenant after the Sublease
Commencement Date; or (iv) any act, omission or negligence by Subtenant or any of its officers, employees, agents, customers, licensees or invitees, or any person claiming through or under Subtenant; provided, however, and notwithstanding
anything to the contrary contained in this Section, Subtenant shall not be obligated to indemnify Sublandlord against any such loss, cost, damage, expense or liability to the extent caused by Sublandlord’s gross negligence or willful
misconduct, or that of its agents, employees or contractors. Notwithstanding anything to the contrary contained in this Sublease or the Prime Lease, in no event shall either party be liable for any consequential damages incurred by the other
(including, without limitation, any injury to a party’s business or loss of income or profit therefrom) in connection with this Sublease, the Subleased Premises or the Building or Project. 

12. Condition of the Subleased Premises. Subtenant agrees to accept the Subleased Premises in its “as is”
condition. Notwithstanding anything to the contrary contained in the foregoing, on the Sublease Commencement Date every system or item that is the obligation of Sublandlord to maintain and repair pursuant to the Prime Lease shall be in good working
condition and repair, and if any system or item is not so delivered to Subtenant, Subtenant shall so notify Sublandlord and Sublandlord shall repair the item at no cost to Subtenant. If Subtenant notifies Sublandlord of a need for repair of any
system or item that is the obligation of Prime Landlord to maintain and repair pursuant to the Prime Lease, Subtenant shall so notify Sublandlord and Sublandlord shall notify the Prime Landlord to initiate repairs to bring such condition into good
working condition and repair. Sublandlord shall deliver the Subleased Premises to Subtenant in clean condition. Subtenant acknowledges that Sublandlord shall have no obligation to perform any work or to make any installations in order to prepare the
Subleased Premises for Subtenant’s occupancy. Subtenant’s taking possession of the Subleased Premises shall be conclusive evidence as against Subtenant that, subject to Sublandlord’s obligations set forth in this Paragraph, as of such
date the Subleased Premises and the relevant portions of the Building were in the condition required by this Paragraph. 
 13.
Access. Prime Landlord, Sublandlord or either’s agents shall have the right to enter the Subleased Premises at all reasonable times, upon giving Subtenant reasonable advance notice, to examine the Subleased Premises and/or to maintain
and repair any improvements installed therein by or on behalf of Prime Landlord or Sublandlord (if Subtenant has failed to do so as may be required pursuant to this Sublease). Subtenant shall have access to the Subleased Premises
twenty-four (24) hours a day, seven (7) days a week. 
 14. Consents and Approvals. In any instance when
Sublandlord’s consent or approval is required under this Sublease, Sublandlord’s refusal to consent to or approve any matter or thing shall be deemed reasonable if Prime Landlord’s consent also is required and Sublandlord has made a
good faith effort to obtain the consent or approval to such matter or thing of Prime Landlord and such consent or approval was not obtained. If Subtenant shall seek the approval or consent by Sublandlord and Sublandlord shall fail or refuse to give
such approval or consent, Subtenant’s sole remedy shall be an action for injunction or specific performance with respect thereto. 

 15. Assignment and Subletting. 

(a) Subtenant shall not, by operation of law or otherwise, assign, sell, mortgage, pledge or in any manner transfer this Sublease or any
interest therein, or sub-sublet any portion of the Subleased Premises, without the prior written consent of Sublandlord and Prime Landlord in each instance, and otherwise required in accordance with the provisions of the Prime Lease. To the extent
the rentals or income derived from any sublease or assignment exceed the rentals due hereunder, one hundred percent (100%) of such excess rentals and income shall be paid to Sublandlord after Subtenant deducts its reasonable out of pocket costs
incurred in connection with such sublease or assignment, including, without limitation, leasing commissions, leasehold improvements, costs and allowances and legal fees, to the extent the rent payable by the proposed transferee equals the rent being
paid by Sublandlord under the Master Lease. Thereafter, any excess rentals and income shall be shared by the parties on a 50%/50% basis. 
 (b) If this Sublease shall be assigned or if the Subleased Premises or any portion thereof shall be sublet or occupied by any person(s) other than the original Subtenant named herein, then Sublandlord may
collect rent from any such assignee, subtenant or occupant, and apply the net amounts collected to Rent payable pursuant to this Sublease, but no such assignment, occupancy or collection shall be deemed a waiver of any of the provisions of this
Article, an acceptance of the assignee, subtenant or occupant as subtenant hereunder, or a release of any person from the further performance by such person of the obligations of Subtenant under this Sublease. The consent by Sublandlord and Prime
Landlord to any assignment, mortgage, pledge, encumbrance, transfer or subletting shall not constitute a waiver of the necessity for such consent to any subsequent assignment, mortgage, pledge, encumbrance, transfer or subletting. No such assignment
or subletting shall cause Subtenant to be released from its obligations under this Sublease unless expressly agreed to in writing by Sublandlord. Any proposed assignment or subletting shall be subject to the restrictions regarding assignment and
subletting contained in the Prime Lease and the rights of Prime Landlord thereunder. For avoidance of doubt, the provisions of the Prime Lease regarding Assignment and Subletting shall apply to any assignment or subletting hereunder by Subtenant.

 16. Insurance. Without limiting any of the provisions of the Prime Lease, Subtenant shall maintain throughout the
Sublease Term, for the benefit of Sublandlord and Prime Landlord as additional insureds, such insurance as Sublandlord may be required to provide pursuant to the Prime Lease, provided that Subtenant shall not be required to provide any insurance
with respect to any portion of the Subleased Premises other than the Subleased Premises. 
 17. Alterations. Subtenant
shall not make or cause or permit the making of, any alteration, addition, change, replacement, installation or addition in or to the Subleased Premises without obtaining the prior written consent of Sublandlord (which shall not be unreasonably
withheld or delayed) and Prime Landlord thereto in each instance. Any permitted changes shall be made only in compliance with the Prime Lease. If, upon the expiration or earlier termination of this Sublease, Subtenant shall surrender the Subleased
Premises in the condition existing as of the Sublease Commencement Date, reasonable wear and tear, acts of God, casualty and condemnation excepted, and otherwise in accordance with the provisions of the Prime Lease. The provisions of this Paragraph
shall survive the Sublease Expiration Date or earlier termination of this Sublease. In no event shall Subtenant be obligated to remove any alterations, additions or improvements installed in the Subleased Premises by Sublandlord or any
predecessor-in-interest prior to the earlier of the Delivery Date or the Sublease Commencement Date. 
 18. Right to Cure
Subtenant’s Default. If Subtenant shall default in the observance or performance of any term or covenant of this Sublease on Subtenant’s part to be observed or performed, and if such default has not been cured following ten (10)
days’ notice to Subtenant, then Sublandlord may, 

 
immediately or at any time thereafter, perform the same for the account of Subtenant. Notwithstanding the preceding provisions of this Paragraph, if: (i) such default cannot reasonably be
cured within such ten (10) day period; and (ii) such default does not involve Subtenant’s failure to pay any amount to Sublandlord pursuant to this Sublease, then Sublandlord shall not be entitled to exercise its remedies pursuant to
this Paragraph if Subtenant shall commence curing such default within such ten (10) day period and shall thereafter cure such default with reasonable diligence (not to exceed, in any event, sixty (60) days). If Sublandlord makes any
expenditure or incurs any obligation for the payment of money in connection therewith (including, without limitation, attorneys’ fees and disbursements, in instituting, prosecuting or defending any action or proceeding), then such sums paid, or
obligations incurred, with interest at the Interest Rate shall be deemed to be additional rent under this Sublease and shall be paid by Subtenant to Sublandlord within five (5) days after Sublandlord’s demand therefor. 

19. Brokerage. Each party to this Sublease represents that it dealt with no broker or other person who had any part, or was
instrumental in any way, in bringing about this Sublease. Each party shall indemnify and hold harmless the other party from and against: (i) all claims made by any broker or other person for a brokerage commission, finder’s fee or similar
compensation, on behalf of the indemnifying party and by reason of or in connection with this Sublease; and (ii) all loss, cost, damage, expense or liability (including, without limitation, reasonable attorneys’ fees and disbursements) in
connection with such claims if such broker or other person claims to have dealt with or otherwise through the indemnifying party. 
 20. Notices. All notices, consents, approvals, demands, requests and other communications (collectively, “Notices”) which are required or desired to be given by either party to the
other hereunder must be in writing and shall be personally delivered or sent by Federal Express or comparable courier for delivery on the morning of the next business day, and with all delivery or transmission charges prepaid. Notices delivered in
the manner provided herein shall be deemed to have been given when delivered or when receipt therefor has been refused. Until such time as Sublandlord shall designate otherwise, all Notices given to Sublandlord shall be addressed to Sublandlord at
915 Disk Drive, Scotts Valley, CA 95066, Attn: Gary Peters. All Notices given to Subtenant shall be addressed to Robert Fox Jr. at 20411 Kent Way, Los Gatos, California 95030. Sublandlord and Subtenant may from time to time change the names and/or
addresses to which Notices given to such party shall be addressed and sent as aforesaid, by designating such other names and/or addresses in a notice given in accordance with the provisions of this Paragraph. 

21. Waiver of Jury Trial and Right to Counterclaim. The parties hereby waive trial by jury in any action, proceeding or
counterclaim brought by either of them against the other on any matter arising out of or in any way connected with this Sublease, the relationship of Sublandlord and Subtenant, Subtenant’s use or occupancy of the Subleased Premises, any claim
of injury or damage, or the enforcement of any remedy under any statute. If Sublandlord commences any summary proceeding for nonpayment of Rent required to be made under this Sublease, Subtenant will not interpose any counterclaim (except for
mandatory or compulsory counterclaims) of any nature or description in any such proceeding. 
 22. No Waiver. The failure
of Sublandlord or Subtenant to insist in any one or more cases upon the strict performance or observance of any obligation of the other party under this Sublease, or to exercise any right contained in this Sublease, shall not be construed as a
waiver or relinquishment for the future of either any such obligation or any right of such party. Sublandlord’s or Subtenant’s receipt, and acceptance of performance, of any obligation by Sublandlord or Subtenant with the non-defaulting
party’s knowledge of a breach by the defaulting party of any provision of this Sublease, shall not be deemed a waiver of such breach. No waiver by Sublandlord or Subtenant of any term, covenant or condition of this Sublease shall be deemed to
have been made unless expressed in writing and signed by Sublandlord or Subtenant, as applicable. 

 23. Complete Agreement. There is no representation, agreement, arrangement or
understanding, oral or written, between Sublandlord and Subtenant relating to the subject matter of this Sublease which is not fully expressed in this Sublease. This Sublease cannot be changed orally or in any manner other than by a written
agreement executed by both parties. 
 24. Successors and Assigns. The provisions of this Sublease, except as herein
otherwise specifically provided, shall extend to, bind and inure to the benefit of the parties hereto and their respective successors and permitted assigns. If Sublandlord assigns or transfers the leasehold estate under the Prime Lease, Sublandlord
shall be entirely relieved and freed of all obligations under this Sublease from and after the date that such assignee or transferee agrees in writing to perform all of the obligations of Sublandlord hereunder from and after such date. 

25. Interpretation. Irrespective of the place of execution of performance, this Sublease shall be governed by and construed in
accordance with the laws of California applicable to agreements made and to be wholly performed within such venue. If any provision of this Sublease, or the application thereof to any person or circumstance, shall, for any reason and to any extent,
be invalid or unenforceable, then the remainder of this Sublease, and the application of that provision to the other persons or circumstances, shall not be affected but rather shall be enforced to the extent permitted by law. This Sublease shall be
construed without regard to any presumption or other rule requiring construction against the party causing this Sublease to be drafted. If any words or phrases in this Sublease shall have been stricken out or otherwise eliminated, it shall be deemed
that such words or phrases were never included in this Sublease and no implication or inference shall be drawn from the fact that said words or phrases were so stricken out or otherwise eliminated. Each covenant, agreement, obligation or other
provision of this Sublease shall be deemed and construed as a separate and independent covenant of the party undertaking or making same (not dependent on any other provision of this Sublease unless otherwise expressly provided). All terms and words
used in this Sublease, regardless of number or gender in which they are used, shall be deemed to include any other number and any other gender as the context may require. The word “person” as used in this Sublease shall mean a
natural person or persons, a partnership, a corporation or any other form of business or legal association or entity. 
 26.
No Offer. Submission of this Sublease for examination or signature by Subtenant does not constitute a reservation of option for or option to sublease, and such submission is not effective as a sublease or otherwise until execution and
delivery by both Sublandlord and Subtenant, subject, however, to the provisions of Paragraph 8 above. 
 27. Authority.
Each party to this Sublease represents that it is authorized to execute and to deliver the same and perform its obligations as set forth herein. 
 28. Amendment or Modification. Sublandlord and Prime Landlord shall not amend or modify the Prime Lease in any way so as to materially or adversely affect Subtenant or its interest hereunder,
materially increase Subtenant’s obligations hereunder or materially restrict Subtenant’s rights hereunder, without the prior written consent of Subtenant. 
 29. Hazardous Materials. Notwithstanding anything to the contrary contained in this Sublease or the Prime Lease, Subtenant, its agents, heirs, sublessees or assigns shall not be responsible for,
and Sublandlord shall indemnify, protect, defend and hold harmless Subtenant with respect to, any claim, remediation obligation, investigation obligation, removal obligation, monitoring obligation, liability, cause of action, penalty,
attorneys’ fee, consultants’ cost, expense or damage owing or alleged to be owing with respect to any Hazardous Substance present on or about the Subleased Premises, the Building, or the soil, groundwater or surface water thereof, to the
extent caused by Sublandlord, its agents, employees, contractors, sublessees, assignees or invitees. Notwithstanding anything to the contrary 

 
contained in this Sublease or the Prime Lease, Sublandlord, its agents, employees, contractors, officers, directors, shareholders, successors, sublessees or assigns shall not be responsible for,
and Subtenant shall indemnify, protect, defend and hold harmless Sublandlord with respect to, any claim, remediation obligation, investigation obligation, removal obligation, monitoring obligation, liability, cause of action, penalty,
attorneys’ fee, consultants’ cost, expense or damage owing or alleged to be owing with respect to any Hazardous Substance present on or about the Subleased Premises, the Building or the Project, or the soil, groundwater or surface water
thereof, to the extent caused by Subtenant, its agents, employees, contractors, sublessees, assignees or invitees. 
 30.
Termination of Sublease. Either of Sublandlord or Subtenant may terminate this Sublease, without penalty, prior to the Sublease Expiration Date by providing the other party thirty (30) days written notice of intent to terminate and such
early termination will be effective upon the thirty first (31) day following such notice. Sublandlord shall not voluntarily terminate the Prime Lease during the Sublease Term unless and until Prime Landlord has agreed in writing to continue
this Sublease in full force and effect as a direct lease between Prime Landlord and Subtenant upon and subject to all of the terms, covenants and conditions of this Sublease for the balance of the Term hereof. If Prime Landlord so consents,
Subtenant shall attorn to Prime Landlord in connection with any such voluntary termination and shall execute an attornment agreement in such form as may reasonably be requested by Prime Landlord; provided, however, that the attornment agreement does
not materially adversely affect the use by Subtenant of the Premises in accordance with the terms of this Sublease, materially increase Subtenant’s obligations under this Sublease or materially decrease Subtenant’s rights under this
Sublease. 

 IN WITNESS WHEREOF, Sublandlord and Subtenant have executed this Sublease to be effective as
of the date first above written. 
  

			
	Fox Factory, Inc.,
		
	By:	 	 /s/ Zvi
Glasman            

		 	Name: Zvi Glasman
		 	Title: Chief Financial Officer
	
	Robert Fox Jr.,
		
	By:	 	 /s/ Robert Fox
Jr.            

		 	Name: Robert Fox Jr.
		 	Title: Individual

 SUBLEASE ADDENDUM 
 THE TERMS AND PROVISION OF THIS SUBLEASE ADDENDUM effective January 1, 2013 (“Addendum”), are incorporated in, supplement and modify the terms and conditions of that certain SUBLEASE dated
January 1, 2012, by and between Fox Factory, Inc., Sublandlord, and Robert Fox Jr., Subtenant, and regarding the property described as a portion of 915 Disc Drive, Scotts Valley, CA and more particularly described in the Sublease. 

THE UNDERSIGNED SUBLANDLORD AND SUBTENANT HEREBY AGREE to the following terms and conditions: 

1. The Sublease Term shall be extended uninterrupted from January 1, 2013 to December 31, 2013; 

2. Subtenant shall not be required to maintain Insurance; 
 3. Subtenant shall not be liable for any Additional Rent; 
 4. All other terms and
conditions of the Subleasse shall remain the same though the hereby extended Term. 
  

									
		  	READ AND AGREED IN SCOITS VALLEY, CA	  		  		  	
				
	By:	  	 /s/ Robert Fox
	  		  	 /s/ Larry L. Enterline

					
		  	Robert Fox	  		  	Name:	  	Larry L. Enterline
				
		  	Date: 6/26/2013	  		  	6/26/2013

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