Document:

License Agreement

 Exhibit 10.14 

 
  

 
 LICENSE AGREEMENT

 between 
 HARRISON 160, LLC, 
 as Licensor, 

and 
 MRL
Ventures Inc. 
 as Licensee 
 dated as of April 16, 2004 
  

 
  

 BASIC LICENSE TERMS 
  

							
	 1 Parties
	    		 	 
	

 
	  

	 Data Center Operator:

365 The Main Exchange, Inc.

365 Main Street, San Francisco, CA 94105

Contact: Kevin Shanahan            
415-546-6258
	    	 Licensee:
 MRL
Ventures Inc.
 650 Mission, Suite 2

San Francisco, CA 94105
	 
	  

Licensor:
 Harrison 160, LLC
 c/o Union Property Capital,
Inc.
 353 Sacramento Street, Suite 560

San Francisco, CA 94111
	    	 Licensee Contact:

Max Levchin
 Principal

650-218-0563
 max@levchin.com
	 
			
	 Licensor Contacts:

Martin B. Dalton             415-989-8846

Chris
Dolan                     415-764-1601
	    		 			
	 2 License Term
	    		 			

  

			
	Base Term:	  	12 Months
	Optional Term:	  	Renewal options to be presented within 90 days of conclusion of original term.
	Early Access Date:	  	April 23, 2004
	Commencement Date:	  	August 1, 2004 through July 31, 2005

  

																			
	 DESCRIPTION
	  	UNITS	  	NON-RECURRING
CHARGE/UNIT	 	  	RECURRING
CHARGE/UNIT	 	  	NON-RECURRING
CHARGES	 	  	RECURRING
CHARGES	 
	 3 License Area Requirement
	   

	 Secure Private Cabinet
	  	1	  	$	1,100.00	  	  	$	400.00	  	  	 	Waived	  	  	$	400.00	  
	
	 4 Electrical Charges Power Billing Options: Billed Actual
	   

	 20 Amp Power Circuit, 1 Phase
	  	1	  	$	395.00	  	  				  	$	395.00	  	  	 	Billed Actual	  
	 Circuit Grounding
	  	1	  	$	65.00	  	  				  	$	65.00	  	  	 	N/A	  
	 BCMS Circuit Monitoring
	  	1	  	$	25.00	  	  	$	25.00	  	  	 	Waived	  	  	 	Waived	  
	
	 5 Cross Connect Charges
	   

	 Ethernet 10/100 Cabinet to IP
	  	1	  	$	75.00	  	  	$	50.00	  	  	 	Waived	  	  	$	50.00	  
	
	 6 Additional Products and Feature Charges
	   

	 Committed Bandwidth (per MB)
	  	0	  				  				  	$	0.00	  	  	$	0.00	  
	 Burst Bandwidth (95th % Billing)
	  	0	  				  				  	$	0.00	  	  	$	0.00	  
	 Remote Hands (Tier 1 Support)
	  	1	  				  				  	$	0.00	  	  	 	Included	  
						
	 7 Grand Total
	  		  				  				  				  			
	 Total Extension of all Charges:
	   
	  	$	460.00	  	  	$	450.00	  
	 Security Deposit:
	   
	  	$	440.00	  	  			
	
TOTAL DUE AT INCEPTION (Includes NRC, Security Deposit & One Month 
License Fees):
	   
	  	$	1,350.00	  	  			
	 TOTAL MONTHLY CHARGE:
	   
	  	$	450.00	  

 Requires execution of License Terms & Conditions and Bandwidth Terms & Conditions. Quote valid for 10
days. Beginning August 1, customer agrees to pay for all racks occupied at the rate listed above. During the Early Access period, customer to pay only power. 

  
 1 

 9 Commitment Levels 
  

	 	a)	Electrical Power. Licensor shall use commercially reasonable efforts to provide electricity to the License Area without interruption. In the event of any power outage
for reasons other than Licensee actions or omissions, Licensee shall be entitled to an abatement of one day’s License Fee for each hour that delivery of electricity to the License Area is disrupted during any twenty-four (24) hour period,
provided in no event shall the License Fees be abated for a period longer than thirty (30) days. Except as otherwise expressly provided in the previous sentence, Licensor shall not in any way be liable or responsible to Licensee for any loss,
damage or expense which Licensee may sustain or incur as a result of the unavailability of or interruption in the supply of electric current to the License Area or a change in the quantity or character or nature of such current and such change,
interruption or unavailability shall not constitute an actual or constructive eviction, in whole or in part, or entitle Licensee to any abatement or diminution of, or relieve Licensee from any of its obligations under this License Agreement, or
impose any liability upon Licenser or its agents, by reason of inconvenience or annoyance to or interruption of Licensee’s business, or otherwise. 

  

	 	b)	Environmental Control: Licensor shall use commercially reasonable efforts to maintain conditions in the License Area as follows: (i) the relative humidity shall be
maintained between 47.5% ambient and 52.5% ambient, and (ii) the temperature shall not exceed 78° Fahrenheit ambient. In the event that Licensor shall fail to maintain conditions as described above, Licensor shall make the necessary
adjustments to obtain the conditions set forth herein within one hour of receiving notice of such failure to maintain such conditions. 

  

	 	c)	Work Order Request: Subject to any other provisions of this Agreement which may limit or impair the availability of the following items or place conditions on the
availability of such items, Licensor shall implement Licensee’s requests for the following work order items within the time periods designated below following fully executed work order: 

 

			
	 Type of Work Order
	  	 Time Period

	 Increase Electrical Capacity
	  	Qty: 1-10 – Five (5) days
	 (20 amp – 120V circuit)
	  	Qty: 11-20 - Ten (10) days
		  	Qty: 21 + - agreed upon work order
	 Install Cross Connects
	  	24 hours from approved work order

  

	 	    	Licensee shall submit a work order for any such requested change in accordance with the provisions of this Agreement and the Policies and Procedures. If Licensor
determines in its reasonable commercial judgment that Licensor has failed to meet the work order commitment, Licensee shall receive a credit equal to 50% of Licensor’s standard charge for the service with respect to which this commitment has
not been met. 

  

	 	d)	Preparation of License Area: Licensor shall use commercially reasonable efforts to make the License Area available to Licensee in the condition required under this
Agreement on or prior to the commencement of the Term. In the event Licensor fails to do so, Licensee shall be entitled to an abatement of one days License Fee for each day of Licensor’s delay in making the License Area available to Licensee,
up to a maximum of thirty (30) days; provided, however, that this provisions with respect to preparation of the License Area shall not apply if (i) Licensee has given Licensor incorrect or incomplete information with respect to the
configuration of the License Area (ii) Licensee has altered or modified the requested configuration of the License Area after submission of such information to Licensor and acceptance thereby, or (iii) Licensee has requested that Licensor
configure the License Area in accordance with specifications other than those that are standard for the Building. 

  

	 	e)	Remote Hands: Licensor or its independent contractor shall respond to a request for “Remote Hands” as described in the table below. Licensor’s or its
independent contractor’s response time in connection with such a request shall be measured from the time Licensor or its independent contractor receives and logs Licensee’s request with all necessary information requested by Licensor or
its independent contractor until a representative of Licensor or its independent contractor first calls Licensee in response to such request. In the event Licensor or its independent contractor fails to satisfy the Remote Hand commitment Licensee
shall be entitled to an abatement of one day’s License Fee for each failed occurrence. 

  
 2 

 Response Table (Schedule 1) 

 

											
	 Severity
	  	Alarm
Description	  	 Meaning
	  	Generic
Response	  	
NOC “Target”
Response Time
	  	 Field Staff “Target”
Response
Time

	1	  	Critical	  	Site Down	  	Immediate	  	15 minutes	  	15 minutes
	2	  	Major	  	Degrading Performance	  	ASAP	  	30 minutes	  	15 minutes
	3	  	Minor	  	Required Maintenance	  	Normal	  	Next Business Day	  	As advised by NOC

  

	 	f)	Any abatement of License Fees or other credit permitted pursuant to these Basic License Terms shall be subject to the following conditions: 

 

	 	1)	The failure of Licensor to satisfy the applicable commitment level shall not have been caused in whole or in part by any scheduled maintenance events, unavoidable
delay, Licensee actions or inactions, Licensee-supplied power or equipment, actions or inactions of any third party, excluding any third party directly involved in the operation and maintenance of the Building, but including, without limitation,
Licensee’s end users, third party network providers, traffic exchange points controlled by third parties, any power, equipment or services provided by third parties, or an event of force majeure. 

 

	 	2)	Licensee must notify Licensor within five (5) business days from the time Licensee becomes eligible to receive an abatement of License Fees or any other credit
pursuant to these Basic License Terms. Licensee shall forfeit any right to receive such an abatement of License Fees or other credit if Licensee fails to timely notify Licensor. 

 

	 	3)	If Licensee is entitled to multiple credits or abatement of License Fees for multiple reasons under these Basic License Terms, such credits or abatement of License Fees
shall be limited to a maximum of thirty (30) days’ License Fees. 

  

	 	4)	In no event shall Licensee be entitled to a credit or abatement of License Fees if Licensee is in default under this Agreement or has otherwise failed to comply with
Policies and Procedures. 

 These Basic License Terms shall not be binding upon Licensor and Licensees until such time as the
parties have agreed to and executed a License Agreement into which this summary of Basic License Terms shall be incorporated. 
  

					
	LICENSOR:	 		 	LICENSEE:
			
	 Harrison 160, LLC 

a California limited liability company
	 		 	 By: /s/ Max Levchin

			
	 By: /s/ M. B. Dalton
	 		 	Print Name: Max Levchin
			
	 Print Name: M. B. Dalton
	 		 	Title: CEO
			
	 Date signed: 4/27/04
	 		 	Date signed: 4/20/04

  
 3 

 License Terms and Conditions 

These License Terms and Conditions together with any schedules and exhibits attached hereto and the immediately preceding summary of
Basic License Terms (the “Basic License Terms”) when taken together comprise the “License Agreement” or “Agreement” between 160 Harrison, LLC, a California limited liability company
(“Licensor”), and the licensee identified in the Basic License Terms (the “Licensee”). 
 1. Grant of
License. 
 Licensor hereby grants Licensee the right during the Term of this Agreement to install, maintain and operate the
equipment described on Exhibit A-1 attached hereto (together with any customary cabling and any replacement or additional equipment of a type similar to such original equipment, collectively, the “Equipment”) within the space
designated on Exhibit A-2 attached hereto (the “License Area”) within the building commonly known as 365 Main Street, San Francisco, California 94105 (the “Building”), Licensor shall not be obligated to
provide any telecommunications services or managed services to Licensee under this Agreement. In addition, Licensor shall have no obligation to make any alterations, install any equipment or otherwise prepare the License Area for use by Licensee
other than the work specifically set forth on Exhibit A-2 as work to be completed by Licensor in the License Area prior to the commencement of the Term (the “Licensor Work”). Licensee acknowledges and agrees that any services
to be provided by Licensor hereunder in connection with the Equipment or the License Area may be performed by an independent contractor or contractors on behalf of Licensor and Licensor shall have no liability for the work of such contracts except
as specifically set forth in the Commitment Levels section of the Basic License Terms. 
 2. Term. 

The term of this Agreement shall be the “Base Term” shown in the Basic License Terms, as extended by any “Optional
Term” described therein with respect to which Licensee has duly exercised its option to extend (the “Term”), unless this Agreement is sooner terminated in accordance with Section 13.1 below. 

3. Policies and Procedures, Access and Security. 
 The Policies and Procedures of the Building in effect as of the date hereof are attached hereto as Exhibit B (the “Policies and Procedures”). Licensor reserves the right, from time
to time to adopt additional Policies and Procedures to amend the Policies and Procedures then in effect. Licensor shall provide to Licensee written notice of any such additions or amendments to the Policies and Procedures. Licensee and Licensees
Representatives (as defined in Section 4.1(c) below) shall comply with the Policies and Procedures, as so supplemented or amended. Nothing contained in this Agreement shall be construed to impose upon Licensor any duty or obligation to enforce
the Policies and Procedures or terms, covenants or conditions in any other lease or license against any other lessee or licensee, and Licensor shall not be liable to Licensee for violation of the same by any other lessee or licensee, its employees,
agents, visitors or licensees. If there shall be any inconsistencies between this Agreement and the Policies and Procedures, the provisions of this Agreement shall prevail. Access to the Building and the License Area is governed by the Policies and
Procedures. 
 4. Use; Hazardous Materials; Compliance with Laws; Inspection. 

4.1 Use. 

(a) Licensee shall use and occupy the License Area only for the use set forth in the Basic License Terms, and for no other purpose.
Licensee shall not use or keep in the License Area any hazardous materials, foul or noxious gas or substance, or any flammable or combustible fluid or material (collectively, “Hazardous Materials”) other than those specifically
approved by Licensor in writing and permitted to be used under local governing code and ordinances in the operation of Licensee’s business that are used and stored in compliance with Legal Requirements (as defined in Section 492(a) below).
Licensor may in its sole discretion, modify the definition of Hazardous Materials from time to time during the Term upon written notice to Licensee. Licensee’s violation of this Section 4.1(a) will be grounds for termination of this
Agreement by Licensor in Licensor’s sole and absolute discretion. 
 (b) Licensee shall not place a load upon any
area of the License Area, which load either exceeds the floor load per square foot that such area is designed to carry or violates Legal Requirements. Pursuant to Building specifications, the designated loads per square foot are: (i) two
thousand (2000) pounds with respect to any raised floor, and (ii) two hundred fifty (250) pounds with respect to areas other than a raised floor. 
 (c) Licensee’s Indemnification. Licensee agrees to indemnify, defend and hold harmless Licensor, its successors and assigns, and its and their trustees, beneficiaries, directors,
officers, shareholders, members, managers, employees, agents, and partners from all costs, expenses, damages, liabilities, claims, fines, penalties, interest, judgments, and losses of any kind, including, without limitation, reasonable
attorneys’ fees and costs, arising from or In any way related to Licensee’s or Licensee’s officers, employees, contractors, representatives, affiliates, assignees, sublicensees, agets, invitees (collectively, “Licensee’s
Representatives”) handling of Hazardous Materials during the Term or violation of any of the provisions of this Agreement pertaining to Hazardous Materials (collectively, “Environmental Losses”), including consequential
damages, damages for personal or bodily injury, property damage, damage to natural resources occurring on or off the License Area, encumbrances, 

  
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liens, costs and expenses of investigations, monitoring, clean up, removal or remediation of Hazardous Materials, defense costs of any claims (whether or not such claim is ultimately defeated),
good faith settlements, attorneys” and consultants’ fees and costs, and losses attributable to the diminution of value, loss or use or adverse effects on marketability or use of any portion of the License Area, whether or not such
Environmental Losses are contingent or otherwise, matured or unmatured, foreseeable or unforeseeable. 
  

	 	4.2	Licensee’s Compliance with Legal Requirement 

 (a) Definitions. 
 “Legal Requirements” means all present
and future laws, rules, orders, ordinances, regulations, statutes, requirements, codes, executive orders, rules of common law, and any judicial interpretations thereof, extraordinary as well as ordinary, of all Government Authorities, including
without limitation, the Comprehensive Environmental Response Compensation and Liability Act, 42 U.S.C. § 9601 et seq. and the Resource Conservation and Recovery Act, 42 U.S.C. § 9601 et seq., the Americans with Disabilities Act, 42 U.S.C.
§12,101 et seq., and any law of like import, any statute, rule or regulation designing any substance as a hazardous material or substance, and all rules, regulations and government orders with respect thereto, and of any applicable fire rating
bureau, or other body exercising similar functions, affecting Licensee’s use of the License Area, the Building or the maintenance, use or occupation thereof, or any street or sidewalk comprising a part of or in front thereof or any vault in or
under the Building. 
 “Governmental Authority” means any of the United States of America, the State of
California, the City and County of San Francisco, any political subdivision thereof and any agency, department, commission, board, bureau or instrumentality of any of the foregoing; now existing or hereafter created, having jurisdiction over the
Building or any portion thereof or the vaults, curbs, sidewalks, streets and areas adjacent thereto. 
 (b) Compliance with
Legal Requirements. Licensee, at its sole expense, shall comply with all Legal Requirements applicable to the License Area or the use and occupancy thereof by Licensee. Licensee shall not do or permit to be done any act or thing upon the License
Area which will invalidate or be in conflict with Licensor’s insurance policies. If, as a result of Licensee’s acts or omissions, the insurance rates for the Building shall be increased, then Licensee shall reimburse Licensor for the
amount of any such increase upon demand by Licensor. 
 (c) City and County of San Francisco. Licensee shall have the sole
responsibility to secure any and all governmental approvals relating to Licensee’s use of the License Area other than building permits required in connection with any Licensor Work. Licensee shall secure such approvals prior to execution of
this Agreement and hold Licensor harmless from any costs and fees Incurred in the process of obtaining such approvals, and from any fines or penalties Imposed by a Governmental Authority arising from Licensee’s non-conformance with Legal
Requirements (other than building permits required in connection with any Licensor Work). 
 4.3 Access and
Inspection. Licensor and Licenser’s lender and consultants, and each of their respective officers, agents, employees, members or managers, shall have the right, but not the obligation, to enter into the License Area at any time, in the case
of an emergency, and otherwise at reasonable times to inspect the License Area. In any such case, Licensee shall upon request reimburse Licensor for the reasonable cost of such inspections, so long as such inspections are reasonably related to any
violation of Legal Requirements or other provision of this Agreement. In addition, Licensor or Licensor’s agents may have access to the License Area at reasonable times for the purpose of showing the same to prospective purchasers, lenders, or
licensees, and making such alterations, repairs, improvements or additions to the License Area as Licensor may deem necessary. All such activities shall be without abatement of License Fees or liability to Licensee. 

5. Alterations. 

5.1 The term “Alterations” shall mean any modification of the License Area from and after the commencement of the
Term, whether by addition or deletion and shall exclude any Licensor Work. 
 5.2 Licensee shall not make any Alterations
to the License Area without Licensor’s prior written consent, which may be given or withheld in Licensor’s sole and absolute discretion; provided, however, that Licensor shall not unreasonably withhold its consent to the installation in
the License Area by Licensee of customary cabling and trade fixtures. Any proposed Alterations that Licensee shall desire to make shall be presented to Licensor in written form with detailed plans. Any proposed Alterations shall be bonded in the
amount of one hundred fifty percent (150%) of the estimated costs, shall be undertaken at Licensee’s sole cost and expense and risk, shall be made in a safe and workmanlike manner, shall not cause or result in any mechanics or labor and
materials liens for the work to be levied on the License Area and shall be subject to Licensor’s customary conditions of construction, as set r In Licensor’s form of Consent to Alterations. 

5.3 Indemnification. Licensee shall keep the License Area free from any liens and shall pay, when due, all claims for labor
or materials furnished or alleged to have been furnished or for Licensee or for use on or in the License Area. Licensee shall give Licensor not less than ten (10) days’ notice prior to the commencement of any work in on or about the
License Area and Licensor shall have the right to post notices of non-responsibility in connection with such work. If Licensee shall contest the validity of any such lien claim or demand, then Licensee shall, at its sole expense defend and protect
itself, Licensor and the License, Area against the same, shall post adequate security in connection therewith and shall pay and satisfy any such adverse judgment that may be rendered thereon before the enforcement thereof. 

  
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 6. Commitment Levels. 
 Licensor shall use commercially reasonable efforts to provide or cause an independent contractor to provide on behalf of Licensor, at Licensor’s expense, except as otherwise set forth herein, the
following, in accordance with the commitment levels described in the Basic License Terms, as applicable: 

6.1 Electricity. Licensee has elected be charged for electricity service on either an actual usage basis (as described in
Section 6.1(a) below) or on a charge per circuit basis (as described in Section 6.1(b) below), as such election is indicated in the Basic License Terms. Licensor, subject to the provisions of this Section 6.1, shall use commercially
reasonable efforts to make available to Licensee, AC electric capacity at a level not less than the level described In the Basic License Terms (the “Basic Capacity”). Licensee shall be solely responsible, at Licensee’s sole cost and
expense, for the installation of all power circuits and rack grounding to the base Building grounding grid system required in order to deliver the Basic Capacity to the License Area and to distribute it therein. Licensee shall use Licensor’s
designated electrical contractor to perform the tap-in to the Building’s electrical system located at the remote power panel. In the event that Licensee shall require electrical capacity in excess of the Basic Capacity, then upon request, and
subject to the availability of additional electrical capacity in the Building, as determined by Licensor in its sole and absolute discretion, Licensor shall make additional electric power available to Licensee. Licensee shall pay to Licensor a
one-time charge equal to Licensor’s designated electrical contractor’s expense to install such electrical facilities and equipment necessary to enable Licensee to obtain such additional electrical capacity. Licensor’s current rate for
additional power as of the date of this Agreement is set forth in the Basic License Terms, subject to increase during the term due to increases in Licensor’s costs and the charges of the Electricity Provider (as defined below). Licensee shall
pay. Licensor, as additional License Fees, on a monthly basis, for its consumption of electrical energy at the License Area, which consumption shall be deemed to include both the electrical energy consumed by each circuit in the License Area as well
as the electrical energy required to cool the heat generated thereby (the “License Area Consumption”), as more particularly provided herein. “Licensor’s Electricity Cost” means the cost per kilowatt hour and cost per
kilowatt demand, adjusted by applicable rate adjustments, to Licensor for the purchase of electricity from the public utility or other electricity provider furnishing electricity service to the Building from time to time (the “Electricity
Provider”), including sales and other taxes or other impositions imposed by any Governmental Authority on Licensor’s purchase of electricity. If at any time during the term the cost elements comprising Licensor’s Electricity Cost
shall be increased by the Electricity Provider, or Licensor’s Electricity Cost shall be increased for any other reason, then effective as of the date of such increase, Licensee’s payment for submetered electricity under this
Section 6.1 shall be proportionately increased. Licensor res6004Wright to contract with different Electricity Providers from time to time in its sole discretion, and without reference to whether any Electricity Provider selected by Licensor
provides lower rates than any other electricity supplier. Licensee covenants that Licensee’s License Area Consumption shall not at any time exceed the capacity of any of the electrical facilities and installations in or otherwise serving or
being used in the License Area and Licensee shall, upon the submission by Licensor to Licensee of written notice, promptly cease the use of any of Licensee’s electrical equipment which Licensor believes will cause Licensee to exceed such
capacity. If, within twenty-four (24) hours of receiving such a notice from Licensor, Licensee shall fail to reduce its License Area Consumption to a level. that complies with the terms of this Section 6.1, Licensor shall have the right to
disconnect power to the applicable circuit. Any additional feeders, risers, electrical facilities and other such installations required for electric service to the License Area will be supplied by Licensor, at Licensee’s expense, upon
Licensor’s prior consent in each instance, provided that, in Licensor’s judgment, such additional electrical facilities and installations, feeders or risers are necessary for Licensee’s use of the License Area and are permissible
under Legal Requirements and insurance regulations, and provided further that the installation of such feeders or risers will not cause permanent damage or injury to the Building or the License Area or cause or create a dangerous or hazardous
condition or entail excessive or unreasonable alterations or repairs or interfere with, or disturb, other licensee or occupants of the Building. In addition, Licensor shall have no obligation to consent to such additional feeders, risers, electrical
facilities and installations if in Licensor’s judgment, the same would give Licensee a disproportionate amount of the electrical current supplied to the Building at the expense of, or in derogation of the needs of other licensees or occupants
of the Building. 
 (a) Electricity Charge based upon Actual Usage.1f Licensee has elected to pay for electricity
based upon actual usage, the calculations and determinations of the charges for Licensee’s License Area Consumption shall be based on the readings of one or more circuit monitors to be installed by Licensor, applied to Licensor’s
Electricity Cost, as defined below. The cost for installation of such submeters be borne by Licensor if the License Area comprises an entire colocation area; otherwise, Licensee shall bear such cost as set forth in the Basic License Terms. Licensee
shall pay on a monthly Licensor’s Electricity Cost for Licensee’s License Area Consumption for circuit power and cooling, as determined hereunder as measured and calculated by such circuit monitor or monitors including a factor of two
(2) applied to the monitored totals to account for cooling electricity usage. in .addition, Licensee shall pay to Licensor, as additional License Fees (i) the fees and expenses of Licensor’s electrical contractor for services rendered
based upon readings of such contractor in the maintenance and repair of such circuit monitors and (ii) the amount of any taxes or other impositions imposed by any Governmental Authority on Licensors receipts from the sale of electricity to
Licensee. 
 (b) Electricity Charged Per Circuit. If Licensee has elected to pay for electricity on a per circuit
basis, Licensee shall pay additional License Fees for such circuits in the amounts identified in the Basic License Terms. Such additional License Fees shall be based on the consumption rate per circuit shown in the Basic License Terms. In addition,
Licensee shall pay to Licensor as additional License Fees (i) the fees and expenses of Licensor’s. designated electrical contractor for services rendered by such contractor in the maintenance and repair of any such circuits, and
(ii) the amount of taxes or other impositions-imposed by any Governmental Authority on Licensor’s receipts from the sale of electricity to Licensee. 
 6.2 Environmental Controls. Provided that no Event of Default shall have occurred and be continuing, Licensor shall use commercially reasonable efforts to provide heating, ventilation and
air conditioning (“HVAC”) to the License Area twenty-

  
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four (24 hours a day, seven (7) days a week, three hundred sixty-five (365) days a year through use of the Building standard HVAC system. 

6.3 Security. Licensor, or an independent contractor on behalf of Licensor, shall provide security services for the
Building twenty-four (24) hours a day, seven (7) days a week. Such security services shall be consistent with those provided at buildings comparable to the Building, including, without limitation, monitoring alarm and surveillance systems,
responding to emergencies, escorting visitors, safekeeping licensee cage keys, and monitoring and controlling access to the Building. Licensee shall provide to Licensor the names of Licensee’s Representatives who are authorized to access the
Building and the License Area in accordance with the Policies and Procedures attached hereto as Exhibit B. Notwithstanding the foregoing, Licensee acknowledges and agrees that neither Licensor’s agreement to provide such security
services nor Licensor’s actual provision of the same pursuant to this Agreement shall directly or indirectly create any liability (and Licensee hereby waives any claim based on any such liability) on the part of Licensor to Licensee, any
persons occupying or visiting the License Area or the Building, or any other person or entity with respect to any loss by theft, injury or loss of life, or any other damage suffered or incurred in connection with any entry into the License Area or
any other breach of security with respect to the License Area or the Building; provided, however, that the foregoing acknowledgment and agreement shall not apply to any such loss or damage that results from Licensor’s failure to use
commercially reasonable efforts to comply with its obligations under this subparagraph or from Licensor’s willful misconduct. 
 6.4 Fire Detection and Suppression. Licensor shall maintain a very early smoke detection system and a double interlock pre-action and detection system in the Building. In addition, Licensor
shall provide and maintain fire extinguishers in the Building, Including clean agent extinguishers for use in “mission critical” portions of the Building, as determined by Licensor. Licensee shall review and approve the smoke detection and
fire suppression systems prior to commencement of the Term. 
 6.5 Remote Hands. Licensor, or an independent
contractor on behalf of Licensor, shall provide personnel capable of performing certain limited maintenance services in accordance with the Licensee’s written directions (“Remote Hands”) on equipment belonging to Licensee
installed in the License Area, provided that Remote Hands shall not be available beyond the point at which a login prompt appears on Licensee’s Equipment. Remote Hands shall be available twenty-four (24) hours a day, seven (7) days a
week. Licensee shall access and utilize Remote Hands in accordance with the Policies and Procedures. Notwithstanding anything to the contrary contained herein, in no event shall Licensor be responsible for the repair, configuration, tuning or
installation of the Equipment or the License Area or any damage or loss caused by Remote Hands, except to the extent resulting from Licensor’s gross negligence or willful misconduct. 

6.6 Changes In Configuration. Licensor, or an independent contractor on behalf of Licensor, shall implement Licensee
requests for changes in electrical capacity (to the extent additional capacity is available and in accordance with Section 6.1 above), installation of cross connects and any other modifications to Licensee’s License Area that Licensor is
required by this Agreement to provide to Licensee upon Licensee’s request, in accordance with the applicable commitment level set forth in the Basic License Term. 
 6.7 Elevators. Licensor, or an independent contractor on behalf of Licensor, shall use commercially reasonable efforts to provide passenger elevator service to the License Area twenty-four
(24) hours a day, seven (7) days a week, three hundred sixty-five (365) days a year. Such elevator service shall be subject to such rules and regulations as Licensor may promulgate from time to time with respect thereto: 

6.8 Cleaning and Rubbish Removal. Licensor, or an independent contactor on behalf of Licensor, shall provide janitorial
service consistent with a telecommunications building similar to the Building. Licensee shall use Building trash containers for office-generated trash only and shall not use Building trash containers for disposal of construction-related materials,
equipment or other bulky debris. Licensee shall remove from the License Area any debris generated by Licensee other than paper and other customary office waste and dispose of such debris in accordance with the Policies and Procedures and Legal
Requirements. 
 6.9 Water. Licensor shall furnish water in such quantities as Licensor deems sufficient for
ordinary drinking, lavatory and cleaning purposes in the License Area. 
 7. Condition of License Area. 

Licensee understand that the License Area and related services are provided on an “AS-IS” basis, and Licensor makes no warranty
that the space or such services are suitable for Licensees intended purpose. Licensee acknowledges that: (a) Licensee has made such investigations as it deems necessary with reference to such matters and assumes all responsibility therefor as
the same relate to its use of the License Area and (b) neither Licensor, Licensor’s agents, nor any broker has made any oral or written representations or warranties with respect to said matters other than as set forth in this Agreement.
Installation of any Equipment by Licensee shall be deemed conclusive evidence that Licensee accepts the same “as-is” and agrees that Licensor is under no obligation to perform any work or provide any materials to prepare the License Area
or the Building for Licensee except for any Licensor Work. WITHOUT LIMITING THE FOREGOING, LICENSOR MAKES NO WARRANTIES, EXPRESS OR IMPLIED, IN FACT OR BY OPERATION OF LAW, STATUTORY OR OTHERWISE, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS
FOR A PARTICULAR PURPOSE, EXCEPT THOSE EXPRESSLY STATED HEREIN: 

  
 -4-

 8. Fees, Billing and Payment. 

Licensee agrees to pay all fees detailed in the Basic License Terms and any additional fees described in this Agreement (collectively,
“License Fees”) when due. Upon execution of this Agreement, Licensee wilt pay all amounts designated in the Basic License Terms as “Non-recurring Charges”, including, without limitation, installation charges, security
deposit and License Fees with respect to the first full month of the Term. After the commencement of the Term, ongoing License Fees will be billed monthly in advance with payment due on the first business day of each month, provided that any failure
of Licensee to timely receive a detailed billing statement shall not affect Licensee’s obligation to pay such License Fees when due. Any credit due Licensee as a result of Licensee having paid a full month’s License Fees upon execution of
this Agreement and the Term having commenced on a date other than the first calendar day of a month will be applied to License Fees with respect to the first full calendar month of the Term and reflected in the applicable billing statement sent by
Licensor to Licensee. 
 9. Removal of Equipment. 
 9.1 During Term. Licensee agrees not to remove any Equipment from the License Area except in strict compliance with the Policies and Procedures, including, without limitation, the completion
of Licensor’s equipment check-out form. 
 9.2 Upon Termination. Upon the expiration or earlier termination
of this Agreement, Licensee shall remove all Equipment from the License Area and from the Building in accordance with the Policies and Procedures. If Licensee fails to do so, Licensor may treat the Equipment as abandoned and charge Licensee for the
removal and/or storage costs. Licensor has no duty to preserve or care for any Equipment abandoned or deemed abandoned hereunder, and Licensee hereby waives and releases any claims it may have in connection with any such removal or storage.

 10. Insurance; Indemnity. 
 10.1 Insurance. At all times during the Term of this Agreement, Licensee maintain and pay for (a) commercial general liability insurance in an amount not less than $2,000,000 per
occurrence, (b) workers’ compensation insurance in an amount not less than that prescribed by applicable law; (c) employer’s liability insurance in an amount not less than $2,000,000 per occurrence, (d) commercial automobile
liability insurance applicable to bodily injury and property damages, covering owned, non-owned, leased and other hired vehicles in an amount not less than $1,000,000 per accident, (e) insurance coverage on all of Licensee’s Equipment and
property in the License Area with full replacement cost coverage .and a deductible not to exceed $100,000 per occurrence, and (f) umbrella or excess liability Insurance with a combined single limit of not less than $5,000,000 to apply over the
above mentioned policies. The policies for such commercial general liability insurance and umbrella or excess liability coverage shall name Licensor as an additional insured. In additional, all insurance policies required under this
Section 10.1 shall (i) be non-cancelable except upon thirty (30) day written notice to Licensor, (ii) be issued by an insurer with an AM Best’s Rating of B+ or better, (iii) include a waiver of subrogation rights and
(iv) be primary in nature. Licensee shall provide Licensor with certificates evidencing the required coverages prior to bringing any Equipment into the Building. if Licensee fails to maintain the required coverages, Licensor may, but shall not
be obligated to, purchase such coverage for Licensee, at Licensee’s cost. Licensee shall insure that all of its subcontractors and agents maintain insurance in the amounts required in this Section 10.1. 

10.2 Waiver of Subrogation. Without affecting any other rights or remedies, Licensee and Licensor each hereby release and
relieve the other and their respective officers, employees, agents and representatives, and waive their entire right to recover damages against the other, for loss of or damage to its property arising out of or incident to the perils required to be
insured against within. The effect of such releases and waivers is not limited by the amount of insurance carried or required, or by any deductibles applicable hereto. The parties agree to have their respective property damage insurance carriers
waive any right to subrogation that such companies may have against Licensor or Licensee, as the case may be, so long as the insurance is not invalidated thereby. Licensor and Licensee each agree to take any necessary action to make this release
effective and binding upon their respective insurance carriers so that such carriers specifically waive any right of subrogation that such carriers might otherwise have against either the parties hereto or their officers, employees, agents or
representatives. 
 10.3 Indemnity. 
 (a) Except for any matter resulting from Licensor’s gross negligence or willful misconduct, Licensee shall indemnify, protect, defend and hold harmless Licensor and its agents, partners and
Lenders (as defined in Section 30 below), from and against any and all claims, loss of rents and/or damages, liens, judgments, penalties, attorneys’ and consultants’ fees, expenses and/or liabilities arising out of involving, or in
connection with the use and/or occupancy of the License Area by Licensee. If any action or proceeding is brought against Licensor by reason of any of the foregoing matters, Licensee shall upon notice defend the same at Licensees expense by counsel
reasonably satisfactory to Licensor and Licensor shall cooperate with Licensee in such defense. Licensor need not have first paid any such claim in order to be defended or indemnified. 

(b) Licensor shall have no liability or responsibility for the content of any communications transmitted via third party services,
and Licensee shall defend, indemnify and hold Licensor harmless from any and all claims (including claims by any Governmental Authority seeking to impose penal sanctions) related to such content or for claims by third parties relating to
Licensee’s use of the License Area. Licensor does not operate or control the information, services, opinions or other content of third party services that may utilize equipment in the Building or provide services therein. Licensee agrees that
it shall make no claim whatsoever against Licensor relating to the content of any such services or respecting any information, product, service or software ordered through or provided by virtue of such third party services. 

  
 -5-

 10.4 Exemption of Licensor from Liability. Licensor shall not be liable for
injury or damage to the person or goods, wares, merchandise or other property of Licensee, Licensee’s employees, contractors, Invitees, customers, or any other person in or about the License Area; whether such damage or injury is caused by or
results from fire, steam, electricity, gas, water or rain, or from the breakage, leakage, obstruction or other defects of pipes, fire sprinklers, wires, appliances, plumbing, HVAC or lighting fixtures, or from any other cause, whether such injury or
damage results from conditions arising upon the License Area or from other sources or places, other than damages proximately caused by reason of Licensors gross negligence or willful misconduct and not covered by insurance required to be carried by
Licensee under this Agreement. Licensor shall not be liable any damages arising from any act or neglect of any other licensee of Licensor. Notwithstanding any other provision of this Agreement, Licensor shall not be liable to Licensee for any
indirect special, consequential, exemplary or punitive damages (including but not limited to damages for lost profits, lost revenues or the cost of purchasing replacement services) arising out the performance or failure to perform Licensor’s
obligations under this Agreement. 
 11. Casualty and Condemnation. 

In the event of material damage to, destruction of or condemnation of the Building or the License Area Licensor shall have the right, in
Licensor’s sole discretion, to terminate this Agreement upon notice to Licensee, and upon delivery of such notice, Licensor shall have no further obligations to Licensee under this Agreement. 

12. Events of Default. 

Each of the following shall be an “Event of Default” under this Agreement: 

(a) the failure of Licensee to make any payment of License Fees or any other monetary payment required to be made by Licensee hereunder,
whether to Licensor or to a third party, when due; 
 (b) the failure of Licensee to provide reasonable evidence of insurance or
surety bond required under this Agreement; 
 (c) the failure of Licensee to fulfill any obligation under this Agreement which
endangers or threatens life or property, where such failure continues for a period of five (5) days after receipt of written notice of such breach; 
 (d) the failure by Licensee to provide reasonable written evidence of compliance with Legal Requirements or any other documentation or information which Licensor may reasonably require of Licensee under
the terms of this Agreement, where any such failure continues for a period of ten (10) days following written notice to Licensee; 
 (e) the failure of Licensee to comply with any of the provisions of Section 4 of this Agreement; 
 (f) Licensee’s abandonment of the Equipment in License Area or the Building; 

(g) Licensee’s commencement of any case, proceeding or other action under any existing or future law of any jurisdiction, domestic or
foreign, relating to bankruptcy, insolvency, reorganization, conservatorship or relief of debtors, seeking to have an order for relief entered with respect to it or seeking to adjudicate it a bankrupt or insolvent or Licensee’s admitting in
writing its inability to pay its debts as they become due; or 
 (h) Licensee’s breach of any other provision of this
Agreement or any agreement referred to herein (except those breaches described in clauses (a) through (g) of this Section 12), including without limitation, violation of the Policies and Procedures, if not cured within ten
(10) days after receipt of written notice of such breach. 
 No remedy or election hereunder shall be deemed exclusive but shall, wherever
possible, be cumulative with all other remedies at law or in equity. 
 13. Remedies/Termination. 

13.1 Upon occurrence of an Event or Default, Licensor shall have available to it all remedies at law or In equity and, in addition
to any other remedy available to Licensor at law or in equity, Licensor may elect to terminate this Agreement by notice to Licensee, and this Agreement shall terminate as of the effective date of the notice. If Licensee files a petition under the
Bankruptcy Code or under any other similar federal or state law, Licensee; unconditionally and Irrevocably agrees that Licensor shall be entitled, and. Licensee unconditionally consents, to relief from the automatic stay so as to allow Licensor to
exercise its rights and remedies under this Agreement with respect to the Building or the License Area. In such event, Licensee hereby agrees it shall not, in any manner, oppose or otherwise delay any motion filed by Licensor for relief from the
automatic stay. Licensor’s enforcement of the rights granted herein for relief from the automatic stay is subject to the approval of the bankruptcy court in which the case is then pending. 

13.2 Late Charges. Licensee hereby acknowledges that late payment by Licensee of License Fees will cause Licensor to incur
costs not contemplated by this Agreement, the exact amount of which will be extremely difficult to ascertain. Such 

  
 -10-

 
costs include, but are not limited to processing and accounting charges, and late charges which may be imposed upon Licensor by any Lender. Accordingly, if any License Fees shall not be received
by Licensor within three (3) days after such amount shall be due, then, without any requirement for notice to Licensee, Licensee shall pay to Licensor a late charge for each such occurrence equal to ten percent (10%) of each such overdue
amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Licensor will incur by reason of such late payment. Acceptance of such late charge by Licensor shall in no event constitute a waiver of
Licensee’s Default with respect to such overdue amount, nor prevent the exercise of any of the other rights and remedies granted hereunder. 
 13.3 Interest. Any monetary payment due Licensor hereunder, other than late charges, not received by Licensor when due shall bear interest at the highest interest rate allowable by law from
the date due until paid in full. Interest is payable in addition to the potential late charge provided for in Section 13.2. 
 13.4 Breach by Licensor. Licensor shall not be deemed in breach of this Agreement unless Licensor fails within a reasonable time to perform an obligation required to be performed by
Licensor. For purposes of this Section 13.4, a reasonable time shall in no event be less than thirty (30) days after receipt by Licensor, and any lender whose name and address shall have been furnished Licensee in writing for such purpose,
of written notice specifying the obligation of Licensor that has not been performed; provided, however, that if the nature of Licensor’s obligation is such that more than thirty 930) days are reasonably required for its performance, then
Licensor shall not be in breach if performance is commenced within such thirty (30) day period and thereafter diligently pursued to completion. 
 14. Assignment and Sublicensing. 
 14.1 Licensee’s Assignment
or Subletting. Licensee shall not assign, mortgage, pledge or otherwise transfer this Agreement, in whole or in part, nor sublicense or permit use by any party other than Licensee of all or any part of the License Area, without obtaining in each
instance the prior written consent of Licensor, which consent Licensor shall not unreasonably withhold, subject to the terms and provisions of Licensor’s form of Consent to Assignment/Sublicensing. Any purported assignment or sublicensing
contrary to the provisions hereof without Licensor’s written consent shall be void. The written consent by Licensor to any assignment or sublicensing shall not constitute a waiver of such consent to any subsequent assignment or sublicensing.

 14.2 Licensor’s Assignment. If Licensor conveys its interest in the License Area or the Building, Licensor
shall provide Licensee with notice of such conveyance and Licensor shall be automatically relieved from all liability as respects the further performance of its covenants or obligations hereunder after the effective date of such conveyance and from
any and all further obligations, liabilities, and claims arising from or connected with this Agreement. 
 15. Notice. 

15.1 Notice Requirements. All notices required or permitted by this Agreement shall be in writing and may be delivered in
person (by hand or by courier) or may be sent by certified or registered mail or U.S. Postal Service Express Mail, with postage prepaid, or by facsimile transmission, and shall be deemed sufficiently given if served in a manner specified in this
Section 15. The addresses noted in the Basic License Terms shall be that party’s address for delivery or mailing of notices. Either party may by written notice to the other specify a different address for notice. A copy of all notices to
Licensor shall be concurrently transmitted to such party or parties at such addresses as Licensor may from time to time hereafter designate in writing. 
 15.2 Date of Notice. Any notice sent by registered or certified mail, return receipt requested, shall be deemed given on the date of delivery shown on the receipt card. Notices delivered by
U.S. Postal Service Express Mail or overnight courier that guarantee next day delivery shall be deemed given upon delivery. Notices transmitted by facsimile transmission or similar means shall be deemed delivered upon telephone confirmation of
receipt, provided a copy is also delivered via overnight courier or mail. If notice is received on a Saturday, Sunday or legal holiday, it shall be deemed received on the next business day. 
 16. Force Majeure. 
 Except for monetary obligations, neither party shall be
responsible for failure to act in accordance with the terms of this Agreement if such failure is due to causes beyond the party’s reasonable control, financial inability excluded, such as earthquake, flood, acts of God, war, or terrorist
attacks, whether physical or electronic, or failure of the Internet; provided that the party who is unable to act promptly provides written notice detailing the problem and further provided that such party use commercially reasonable efforts to
overcome such delay. 
 17. Advertising. 
 Licensee consents to the disclosure and use by Licensor of Licensee’s name and status as a Licensee of the Building, in any advertising or marketing efforts of Licensor. 

18. Governing Law. 
 This
Agreement shall be governed by and construed under the laws of the State of California. 

  
 -7-

 19. Successors. 
 This Agreement shall inure to the binding on the parties, and their heirs, successors, assigns and legal representatives, but nothing contained in this Section 19 shall be construed to permit an
assignment or other transfer except as provided in Section 14. 
 20. Severability. 

The invalidity of any provision of this Agreement, as determined by a court of competent jurisdiction, shall in no way affect the validity
of any other provision hereof. 
 21. Days. 
 Unless otherwise specifically indicated to the contrary, the word “days” as used in this Agreement shall mean and refer to calendar days. 

22. Limitations on Liability. 
 The obligations of Licensor under this Agreement shall not constitute personal obligations of Licensor, the individual partners, managers or members of Licensor or its or their individual partners,
directors, officers, employees, members, investors or shareholders, and Licensee shall look to the License Area and the Building, and to no other assets of Licensor, for the satisfaction of any liability of Licensor with respect to this Agreement,
and shall not seek recourse against Licensor or the individual partners or members of Licensor, or its or their individual partners, directors, officers, members, investors or shareholders, or any of their personal assets for such satisfaction .

 23. Time of Essence. 
 Time is of the essence with respect to the performance of all obligations to be performed or observed by the parties under this Agreement. 
 24. Waivers. 
 No waiver by Licensor of any Event of Default hereunder by
Licensee shall be deemed a waiver of any other term, covenant or condition hereof, or of any subsequent Event of Default by Licensee of the same or of any other term, covenant or condition hereof. A party’s consent to, or approval of, any act
shall not be deemed to render unnecessary the obtaining of such party’s consent to, or approval of, any subsequent or similar act by the other party, or be construed as the basis of an estoppel to enforce the provision or provisions of this
Agreement requiring such consent The acceptance of License Fees by Licensor shall not be a waiver of any Event of Default by Licensee. Any payment by Licensee may be accepted by Licensor on account of moneys or damages due Licensor, notwithstanding
any qualifying statements or conditions made by Licensee in connection therewith, which such statements and/or conditions shall be of no force or effect whatsoever unless specifically agreed to in writing by Licensor at or before the time of deposit
of such payment. 
 25. Covenants and Conditions; Construction of Agreement. 

All provisions of this Agreement to be observed or performed by Licensee are both covenants and conditions. 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 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. 
 26.
Consents. 
 Whenever the consent, approval, judgment or determination of Licensor is required or permitted under this
Agreement, Licensor may exercise such judgment in Licensor’s sole and absolute discretion in granting or withholding such consent or approval or in making such judgment or determination without reference to any extrinsic standard of
reasonableness, unless the provision providing for such consent, approval, judgment or determination specifies that Licensor’s consent or approval not to be unreasonably withheld, or that such judgment or determination is to be reasonable, or
otherwise specifies the standards under which Licensor may withhold its consent. The review and/or approval by Licensor of an item to be reviewed or approved by Licensor under the terms of this Agreement or any Exhibits hereto shall not impose upon
Licensor any liability for accuracy or sufficiency of any such item or the quality or suitability of such item for its intended use. Any such review or approval is for the sole purpose of protecting Licensor’s interest in the Building, and no
third parties, including Licensee or Representatives and visitors or Licensee or any person or entity claiming by through or under Licensee, shall have any rights hereunder. 

  
 -8-

 27. Reservations. 
 Licensor reserves to itself the right, from time to time, to grant, without the consent or joinder of Licensee, such easements, rights and dedications that Licensor deems necessary, and to cause the
recordation of parcel maps and restrictions, so long as such easements, rights, dedications, maps and restrictions do not unreasonably interfere with the use of the License Area by Licensee. Licensee agrees to sign any documents reasonably requested
by Licensor to effectuate any such easement rights, dedication, map or restrictions. 
 28. Authority. 

If either party hereto is a corporation, trust, limited liability company, partnership, or similar entity, each individual executing this
Agreement on behalf of such entity represents and warrants that he or she is duly authorized to execute and deliver this Agreement on its behalf. 
 29. Survival. 
 Section 4.1(a) (Use), 9 (Removal of Equipment), 10.3
(Indemnity), WA (Exemption of Licensor from Liability) and 32 (Attorney’s Fees) shall survive the expiration or earlier termination of the Agreement. 
 30. Amendment. 
 The Agreement may be changed only by a written agreement
signed by both parties. As long as they do not materially change Licensee’s obligations hereunder, Licensee agrees to make such reasonable non monetary modifications to this Agreement as may be reasonably required by a lender in connection with
the obtaining of normal financing or refinancing of the Building (“Lender”). 
 31. Subordination; Estoppel Certificates.

 This Agreement shall be subject and subordinate to any ground lease, mortgage, deed of trust or other hypothecation or
security device now or hereafter placed upon the License Area or the Building (collectively, “Security Device”), to any and all advances made on the security thereof and to all renewals, modifications and extensions thereof. Lessee
agrees that the holders of any such Security Devices shall have no liability or obligation to perform any of the obligations of Licensor under this License. Any Lender may elect to have this Agreement superior to the lien of its Security Device by
giving written notice thereof to Licensee, notwithstanding the relative dates of documentation or recordation thereof. Any Lender who succeeds to the interests of Licensor hereunder shall have the option to either terminate this Agreement upon
notice to Licensee or to maintain this Agreement in full force and effect, in the sole discretion of such Lender. The agreements in this Section 31 shall be effective without the execution of any further documents; provided, however, that upon
written request from Licensor or Lender in connection with a sale, financing or refinancing of the Building, Licensee and Licensor shall execute such further writings as may be reasonably required to separately document any subordination provided
for herein. In addition, Licensee shall, within ten (10) days after the written notice from Licensor, execute, acknowledge and deliver to Licensor an estoppel certificate in the form requested by Licensor or any Lender, together with any
additional information, confirmation and/or statements reasonably requested by Licensor. 
 32. Attorneys’ Fees. 

If either party commences an action or arbitration against the other party arising out of or concerning this Agreement, . the prevailing
party in such litigation or arbitration shall be entitled to reasonable attorneys’ fees and costs in addition to such relief as may be awarded. 
 33. No Real Property Interest Conveyed; No Joint Venture. 
 Licensee’s
interest is as a licensee; with such license revocable upon an Event of Default. Nothing in this Agreement grants Licensee an easement, leasehold, or other property or ownership right in the License Area or the Building or creates a partnership or
joint venture between Licensor and Licensee. Licensee acknowledges and agrees that this agreement does not comprise a leasehold or any other interest in real estate involving the Building, the License Area or otherwise. Except as expressly provided
herein, nothing in this Agreement shall be construed to limit Licensor’s right to maintain and operate Building and the License Area in its sole discretion. 
 34. Entire Agreement. 
 This Agreement, consisting of the Basic License
Terms and the Exhibits attached hereto, contains the entire agreement between the parties regarding the subject matter hereof, and there are no verbal or other agreements which modify or affect this Agreement. The Agreement supersedes all prior
discussions and agreements made by or on behalf of Licensor and Licensee regarding the subject matter hereof. 

  
 -9-

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as this 25th day of
April, 2004. 
  

			
	 LICENSEE:
  
	  	LICENSOR:
	 MRL Ventures, Inc.,

a Delaware corporation
	  	 HARRISON 160, LLC,
 a
California limited liability company

  

									
					
	By:	 	/s/    Max Levchin	 		 	By:	 	/s/    Martin B. Dolan
		 	Print Name: Max Levchin	 		 		 	Authorized Signatory
		 	Title: CE0	 		 		 	

  
 -14-

 EXHIBIT A-1  

Equipment 

  
 A-1-1

 EXHIBIT A-2  

License Area 

  
 A-2-1

 EXHIBIT B  

Policies and Procedures 
  

	1.	The License Area is to be used by Licensee solely for lawful purposes in accordance with these Policies a Procedures and the other terms and conditions of the License
Agreement. 

  

	2.	Licensee Access — Licensee shall designate in writing, its primary contact (“Primary Contact”) and three representatives having authorization to
add/remove Licensee representatives from the “Licensee Access List” Only those individuals identified in writing by Licensee on the Licensee Access List may access the License Area and the Building It is the responsibility of Licensee to
inform security personnel of Licensor of any change of status for authorized personnel. 

  

	3.	Licensee acknowledges that the security and access provisions employed by Licensor or an independent contractor on behalf of Licensor shall not be construed as
Licensor’s acceptance of responsibility or liability or the security of persons or property within the Building or the License Area. Licensor does not guaranty the security of Licensees property or Equipment. Licensor may require access to the
License Area in order to install or maintain Infrastructure systems to support the Building and the Building systems. 

  

	4.	The Primary Contact, utilizing the Security Authorization Form, must identify visitors in advance of their visit to the Building. A temporary cardkey (good for one
visit) will be issued when the authorized visitor presents their authorized company ID and surrenders their valid driver’s license or valid photo ID in exchange for the temporary ID. Such form of identification will be held at security until
each visitor completes his or her activities in the Building. A Licensee Representative must accompany any visitor to the License Area or the Building. 

  

	5.	Upon entering and leaving the Building, each Licensee Representative and authorized visitor must sign in or out in the Building logbook. Upon signing out and returning
the security access card, a visitor’s photo identification will be returned. 

  

	6.	Licensee shall cooperate in keeping the Building locked and in restricting access to unauthorized personnel. On entering or leaving the Building each Licensee
Representative and authorized visitor must make sure the door is shut and not left ajar. At no time shall entrance be granted by Licensee or any Licensee Representative to anyone except employees or contractors for whom security access has been
authorized by use of the Security Authorization Form. 

  

	7.	Licensee, Licensee’s Representatives, authorized visitors and guests shall not obstruct corridors, halls, stairways, sidewalks, building entrance ramps, or site
driveways at any time. Corridors, halls, stairways, sidewalks, building entrance ramps and site driveways shall be used for egress and ingress only There shall be no congregating in hallways. 

 

	8.	Parking — Only Licensee and Licensee’s Representatives may access the Building parking area. Parking is permitted on a first come first serve basis. Licensee
vendors and/or contractors may not have access to the parking garage unless otherwise approved by Licensor. Licensee and its employees shall not allow any unauthorized persons to have access to the parking garage without written approval by
Licensor. Licensee and Licensee’s Representatives shall park in the designated parking spaces. Any vehicles parked outside the designated areas will be subject to removal from parking garage at owner’s expense. 

 

	9.	All activities in the License Area and the Building must be in compliance with all laws, including all applicable local, state, and federal laws, rules, codes and
regulations. Prior to commencement of any work in the License Area, Licensee must obtain any necessary federal, state, and municipal permit, licenses and approvals. Licensor must also approve all work to be undertaken by Licensee in advance.’

  

	10.	Licensee is responsible for installation of its own Equipment. All of the Equipment must fit inside the License Area. All equipment must be UL approved. All cabling
used by Licensee must meet national electrical and fire standards. All cables must be clearly labeled. Licensee shall not place or leave any Equipment or other items outside the License Area without the express written consent of Licensor.

  

	11.	Licensee shall maintain the License Area in a neat and orderly manner and shall promptly remove all trash, packing materials, boxes, etc. that Licensee has brought or
had delivered to the Building. 

  

	12.	Upon the expiration or earlier termination of Licensee’s License Agreement, Licensee shall remove all Equipment from the License Area and shall repair, or
reimburse Licensor for the reasonable costs to repair any damage caused by Licensee during the course of any such removal. 

  

	13.	Licensee will not permit any third party to locate any equipment in the License Area without the prior written consent of Licensor. Any such permitted use shall be
subject to these Policies and Procedures and the other terms and conditions. 

  

	14.	 The following items are banned from the Building, and Licensee agrees not to bring these into the Building or the License Area: alcohol, cameras,
controlled substances, explosives, flammable liquids, gases or chemicals, tape recorders, chemical agents, weapons of any kind, wet cell batteries and all similar equipment and materials. There is no smoking

  
 B-1

	 	
permitted in the Building. There is also no smoking permitted in front of the Building front entrance. There will be a designated smoking area adjacent to the loading dock. No food or drink will
be allowed in the License Area. No animals are permitted in the Building. 

  

	15.	Licensee shall maintain and operate the Equipment in a safe manner, so as to avoid interference, physical or electronic, with other occupants of the Building and their
equipment, Licensee shall not disrupt, adversely affect or interfere, physically or electronically, with other licensees of space in the Building or with any other licensee’s use and enjoyment of such licensee’s license area within the
Building or the common areas of the Building. 

  

	16.	Any interference, physical or electronic, caused to the equipment of other licensees of the Building by the installation, operation, maintenance replacement or repair
of Licensee’s Equipment shall result in the immediate disconnection and removal of such Equipment by Licensor, at Licensee’s sole risk, cost and expense. Licensor reserves the right to take other reasonable actions to prevent such
interference. 

  

	17.	Relocation of License Area Licensor may, in Licensor’s reasonable discretion and at Licensor’s expense, change the location or the configuration of the
License Area or other space within the Building. Licensor and Licensee shall cooperate in good faith minimize any disruption in Licensee’s operations that might be caused by such changes in location or configuration of the License Area.

  

	18.	Work Orders—Licensee will be required to complete a “Request for Work Order” form to Licensor in connection with any proposed changes to Licensee’s
use or configuration of the License Area Upon submission of the work order, Licensor will evaluate the request and return a written estimate and schedule for the work. All work orders requiring changes to the existing License Agreement will result
in an Amendment to License Agreement to be approved by Licensee prior to any work being performed in the License Area. 

  

	19.	Remote Hands (Data Center Technicians) — Licensor, or an independent contractor on behalf of Licensor, shall provide Data Center Technicians capable of performing
certain limited maintenance services with respect to the Equipment in accordance with the Licensee’s written directions, provided that Remote Hands shall not be available beyond the point at which a login prompt appears on Licensee’s
Equipment. Licensee shall access Remote Hands by contacting the Licensor’s Help Desk. All written instructions shall be submitted along with the ticket. 

 

	20.	Help Desk Call In — Licensor shall provide a Help Desk phone number for Licensee to call in to report troubles. The Help desk will create a ticket that will be
sent via e-mail to Licensee and to the Data Center Technician on site. The Help Desk will monitor the ticket and notify Licensee when the ticket Item is closed or escalate to the appropriate level based on escalation procedures.

  

	21.	Escalation protocol — The Help Desk is the communications facilitator whose function is to assist in communicating events that occur in the Data Center environment
to all the people who need to be informed during an event. The people who are paged are notified according to the “criticality” levels that the Help Desk members report. To perform this function effectively, the Help Desk uses the
“escalation protocol” flow chart. This flow chart guides the Help Desk through the process of reporting and managing an event from the moment it is discovered by or reported to the Help Desk. The flow chart describes how to instruct the
Help Desk to page out according to “Class”, how to escalate and de-escalate the event, and how to close the event. Since this procedure is general in nature and cannot anticipate all possible contingencies, the Data Center Technicians
staffing the Help Desk may, at times, need to use their own judgment regarding the definitions for a specific event classification. For any unscheduled event that is escalated using the Help Desk, a Post Incident Report (PIR) will be written to
document the event. 

  

	22.	Shipping and receiving — It is the Licensee’s responsibility to notify Licensor of the impending receipt of any shipments through the Help Desk. Licensor, or
an Independent contractor on behalf of Licensor, will take receipt of Licensee supplied equipment for a limited period of time and store it in a secure environment. It is the Licensee’s responsibility to notify the shipping location of the
impending receipt via e-mail. Licensor, or an independent contractor on behalf of Licensor, will only release a shipment upon obtaining an authorized signature and verifying identification. Security personnel use commercially reasonably efforts to
monitor incoming and outgoing packages to ensure that goods entering and leaving the premises are accompanied by duly completed documentation. Once Licensor has released a shipment to Licensee, Licensor is longer responsible for tracking the
shipment and it becomes Licensee’s responsibility. 

  

	23.	No Equipment will be permitted to be removed from the Building without the submission of a duly completed equipment check-out form. 

 

	24.	No work will be done below the raised floor area without the prior written approval of Licensor. 

 

	25.	No exposed cables shall be installed under raised flooring. 

  

	26.	Licensee shall not inscribe, paint or affix advertisements, identifying signs or other notices on any part of the corridors, doors, public areas, common areas or the
grounds of the License Area or any subdivision related thereof. 

  
 B-2

	27.	Licensee shall be allowed full use of provided common areas of the Building (bathrooms, coffee station, hallways, etc.). Licensee and Licensee’s Representatives
shall not-conduct activities in common areas that interfere with the activities of other licensees of the Building or Licensor. Licensee should make a concerted effort to keep all such areas clean and neat at all times. Licensee and Licensee’s
Representatives shall only use the common areas of the Building for their designated purposes. 

  

	28.	Failure by Licensee or Licensee’s Representatives to materially comply with the Policies and Procedures in effect from time to time may result in (a) removal
of Licensee or any Licensee Representative from the Building, (b) restriction of Licensee’s access to the Building; (c) impositions of additional charges, and/or (c) termination of the License Agreement. 

 

	29.	Licensor reserves the right, in Licensor’s sole discretion, to amend these Policies and Procedures at any time. Licensee acknowledges that the Polices and
Procedures are subject to change from time to time Licensor shall provide to Licensee written notice of any such additions or amendments to the Policies and Procedures. 

  
 B-3

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	1.	  	GRANT OF LICENSE	  	 	1	  
	2.	  	TERM	  	 	1	  
	3.	  	POLICIES AND PROCEDURES, ACCESS AND SECURITY	  	 	1	  
	4.	  	USE; HAZARDOUS MATERIALS; COMPLIANCE WITH LAWS; INSPECTION	  	 	1	  
	5.	  	ALTERATIONS	  	 	2	  
	6.	  	COMMITMENT LEVELS	  	 	3	  
	7.	  	CONDITION OF LICENSE AREA	  	 	4	  
	8.	  	FEES, BILLING AND PAYMENT	  	 	5	  
	9.	  	REMOVAL OF EQUIPMENT	  	 	5	  
	10.	  	INSURANCE; INDEMNITY	  	 	5	  
	11.	  	CASUALTY AND CONDEMNATION	  	 	6	  
	12.	  	EVENTS OF DEFAULT	  	 	6	  
	13.	  	REMEDIES/TERMINATION	  	 	6	  
	14.	  	ASSIGNMENT AND SUBLICENSING	  	 	7	  
	15.	  	NOTICE	  	 	7	  
	16.	  	FORCE MAJEURE	  	 	7	  
	17.	  	ADVERTISING	  	 	7	  
	18.	  	GOVERNING LAW	  	 	7	  
	19.	  	SUCCESSORS	  	 	8	  
	20.	  	SEVERABILITY	  	 	8	  
	21.	  	DAYS	  	 	8	  
	22.	  	LIMITATIONS ON LIABILITY	  	 	8	  
	23.	  	TIME OF ESSENCE	  	 	8	  
	24.	  	WAIVERS	  	 	8	  
	25.	  	COVENANTS AND CONDITIONS; CONSTRUCTION OF AGREEMENT	  	 	8	  
	26.	  	CONSENTS	  	 	8	  
	27.	  	RESERVATIONS	  	 	9	  
	28.	  	AUTHORITY	  	 	9	  
	29.	  	SURVIVAL	  	 	9	  
	30.	  	AMENDMENT	  	 	9	  
	31.	  	SUBORDINATION; ESTOPPEL CERTIFICATES	  	 	9	  
	32.	  	ATTORNEYS’ FEES	  	 	9	  
	33.	  	NO REAL PROPERTY INTEREST CONVEYED; NO JOINT VENTURE	  	 	9	  
	34.	  	ENTIRE AGREEMENT	  	 	9	  

  

					
	 Exhibit A-1 — Equipment
	  	 	A-1-1	  
	 Exhibit A-2 — License Area

Exhibit B — Policies and Procedures
	  	 
  
	A-2-1

B-1
	  
   

  
 -1-

					
	 Basic License Terms Change Order
	  	 	

 	  
	This Addendum is made by and between Rincon 365 Borrower, LLC (Licensor) and MRL Ventures Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number
365.047.000.	  

  

			
	Not withstanding anything to the contrary contained in the License Agreement Licensor and Licensee agree to the following modifications;	  	  
 Licensee:

MRL Ventures Inc.
 650 Mission, Suite
2
 San Francisco, CA 94105

	 1.      The Licensee is responsible to Initiate a work order request via email to
service@365maln.com or via phone by calling 1-866-365-MAIN (6246).
	  
		
	 2.      Unless otherwise noted, billing commencement will coincide with activation date as is
tracked through the 365 Main Ticketing system.
	  	Licensee Contact:
 Max Levchin

Principal
 max@levchin.com

	 3.      Licensee fax signed change order to 1-866-487-9581 and mail original.
	  

 LICENSE TERM 
  

					
	Term:	  	Coterminous with existing agreement	  	Ticket #: 2006052510002823
			
	Billing Date:	  	6/1/2006	  	

  

																			
	 DESCRIPTION
	  	UNITS	  	ONE-TIME
CHARGE
PER UNIT	  	MONTHLY
CHARGE
PER UNIT	 	  	BILL DATE	 	  	ONE-TIME
CHARGES
EXTENDED	  	RECURRING
CHARGES
EXTENDED	 
	 CROSS CONNECTIONS
	  	1	  		  	$	50.00	  	  	 	06/01/2006	  	  		  	$	50.00	  
	 Ethernet 10/100 or T1/DSL (Copper)
	  		  		  				  				  		  			
	 Total extension of all charges
	   
	  		  	$	50.00	  
		
	 Security Deposit
	  	$	0.00	  
		
	 Net Installation charges
	  			
		
	 Total to be billed (includes NRC and Security Deposit)
	  	$	50.00	  
		  	  
	  
	 
	 TOTAL MONTHLY CHARGE
	  	$	50.00	  

 Quote valid through June 2006. 
  

									
	LICENSEE:	 		 	LICENSOR:
				
	By:	 	/s/    Max Levchin	 		 	RINCON 365 BORROWER, LLC, a Delaware limited liability company
		 		 		 	By:	 	Rincon 365 Mezz, LLC, a Delaware limited liability company, its manager and sole member
				
	Print Name: Max Levchin	 		 	By:	 	Above Rincon LLC, a Delaware limited liability company, its manager and sole member
				
	Title: CEO	 		 	By:	 	Rincon Point, LLC, a California limited liability company, its manager
				
	Date: 5/26/06	 		 	By:	 	RP Holdings, LLC, a Delaware limited liability company, its manager
				
		 		 	By:	 	/s/
		 		 		 	Authorized Signatory
			
		 		 	Date Signed: 8/23/06

					
	Basic License Terms Change Order	  	 	

 	  
	This Addendum is made by and between Rincon 365 Borrower, LLC (Licensor) and (Licensee), and modifies the License Agreement for original Licensee Customer Number
365.047.000.	  

  

			
	Not withstanding anything to the contrary contained in the License Agreement Licensor and Licensee agree to the following modifications;	  	  
 Licensee:

MRL Ventures Inc.

650 Mission, Suite 2

San Francisco, CA 94105

	 1.      The Licensee is responsible to Initiate a work order request via email to
service@365maln.com or via phone by calling 1-866-365-MAIN (6246).
	  
		
	 2.      Unless otherwise noted, billing commencement will coincide with activation date as is
tracked through the 365 Main Ticketing system.
	  	 Licensee Contact:
 Max Levchin
 Principal
 max@levchin.com

	 3.      Licensee fax signed change order to 1-866-487-9581 and mail original.
	  

 LICENSE TERM 
  

					
	Term:	  	Coterminous with existing agreement	  	Ticket #: 2006052510002823
			
	Billing Date:	  	5/1/2006	  	

  

																					
	 DESCRIPTION
	  	UNITS	  	ONE-TIME
CHARGE
PER UNIT	 	  	MONTHLY
CHARGE
PER UNIT	  	BILL DATE	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	RECURRING
CHARGES
EXTENDED	 
	 ELECTRICAL POWER
	  		  				  		  				  				  			
	 20 Amp 120v (requires plug strip)
	  	1	  	$	450.00	  	  		  	 	05/01/2006	  	  	$	450.00	  	  	 	Billed actual	  
	 Branch Circuit Monitoring System
	  	1	  	$	25.00	  	  		  	 	05/01/2006	  	  	$	25.00	  	  			
	 Horizontal Plug Strips

Please note this will be a vertical plug strip)
	  	1	  	$	125.00	  	  		  	 	05/01/2006	  	  	$	125.00	  	  			
	Total extension of all
charges                                	  	  			
		
	Security Deposit	  	  			
		
	First Month Rent	  	  			
		
	Net Installation charges	  	  	$	600.00	  
		
	Total Due at inception (includes NRC and Security Deposit)	  	  	$	600.00	  
		  		  				  		  				  				  	  
	  
	 
	 TOTAL MONTHLY CHARGE
	   
	  			

  

									
	LICENSEE:	 		 	LICENSOR:
				
	By:	 	/s/    Kenneth R. Brownfield	 		 	RINCON 365 BORROWER, LLC, a Delaware limited liability company
	 Print Name: Kenneth R. Brownfield
 Title: Director IT
 Date: 4/19/2006
	 		 	By:	 	Rincon 365 Mezz, LLC, a Delaware limited liability company, its manager and sole member
	 		 	By:	 	Above Rincon LLC, a Delaware limited liability company, its manager and sole member
	 		 	By:	 	Rincon Point, LLC, a California limited liability company, its manager
					
		 		 		 	By:	 	RP Holdings, LLC, a Delaware limited liability company, its manager
					
		 		 		 	By:	 	/s/
		 		 		 		 	Authorized Signatory
				
		 		 		 	Date Signed: 8/23/06

					
	 Basic License Terms Change Order – FILE AUDIT COPY
	  	 	

 	  
	This Addendum is made by and between Rincon 365 Borrower, LLC (Licensor) and Yelp fka MRL Ventures Inc. (Licensee), and modifies the License Agreement for original Licensee Customer
Number 365.047.000.	  

  

			
		  	Licensee:
		  	Yelp fka MRL Ventures Inc.
		  	650 Mission, Suite 2
		  	San Francisco, CA 94105
		
		  	Licensee Contact:
		  	Max Levchin
		  	Principal
		  	max@levchin.com

 LICENSE TERM 
  

					
	Term:	  	Coterminous with existing agreement	  	Ticket #:
			
	Billing Date:	  	11/01/2005	  	

  

																											
	 DESCRIPTION
	  	UNITS	 	  	  ONE-TIME  
CHARGE
PER UNIT	 	  	MONTHLY
CHARGE
PER UNIT	 	  	BILL DATE	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	RECURRING
CHARGES
EXTENDED	 
	 LICENSE AREA REQUIREMENTS
	  				  				  				  				  				  			
	 Rack in a Private Cage
	  	 	5	  	  				  	$	400.00	  	  	 	11/01/2005	  	  				  	$	2,000.00	  
							
	 Rack in a Private Cage
	  	 	1	  	  				  	$	400.00	  	  	 	11/01/2005	  	  				  	$	400.00	  
								
	 ELECTRICAL POWER
	  		  				  				  				  				  				  			
	 L520 – 20 Amp 120v (requires plug)
	  				  				  				  	 	11/01/2005	  	  				  	 	Billed Actual	  
							
	 CROSS CONNECTIONS
	  				  				  				  				  				  			
	 Ethernet 10/100 or T1/DSL (Copper)
	  	 	1	  	  				  	$	50.00	  	  	 	11/01/2005	  	  				  	$	50.00	  
							
	 SECURITY DEPOSIT
	  				  				  				  				  				  			
	 Additional Security Deposit
	  	 	1	  	  	-$	400.00	  	  				  	 	11/01/2005	  	  	-$	400.00	  	  			
		  				  				  				  	 	11/01/2005	  	  				  			
			
	Total extension of all charges	  	  				  	$	2,450.00	  
		
	Security Deposit	  	  	$	2,000.00	  
		
	Net Installation charges	  	  			
		
	Total to be billed (includes NRC and Security Deposit)	  	  	$	4,450.00	  
			  	  
	  
	 
	TOTAL MONTHLY CHARGE	  	  	$	2,450.00	  

 Racks and cross-connections & power installed from previous contract. Security deposit may be over by $40.
Confirm from 000 & Skyline billing. 

 Basic License Terms 
  

							
	1. Parties	  		  		  	

	Data Center Operator	  		  	Licensee:	  
	365 The Main Exchange Inc.	  		  		  
	365 Main Street, San Francisco,	  	CA 94105	  	MRL Ventures Inc.	  	
	Contact: Kevin Shanahan	  	415-901-5707	  	650 Mission, Suite 2	  	
		  	FAX 866-487-9581	  		  	
	Licensor:	  		  	San Francisco, CA 94105	  	
	Harrison 160, LLC	  		  		  	
	c/o Union Property Capital, Inc.	  		  	Licensee Contact:	  	
	201 California Street, Suite 1250	  		  		  	
	San Francisco, CA 94111	  		  	Max Levchin	  	
		  		  	Principal	  	
	Licensor Contacts:	  		  	650-218-0563	  	
	Martin B. Dalton	  	415-989-8846	  	max@levchin.com	  	
	Chris Dolan	  	415-901-5708	  		  	

 2. License Term 
  

			
	Base Term:	  	36 Months
		
	Early Access Date:	  	Three weeks from receipt of Licensee signature.
		
	Commencement Date:	  	November 01, 2005 through October 31, 2008

  

																							
	 DESCRIPTION
	  	UNITS	  	NON-RECURRING
CHARGE/UNIT	 	  	RECURRING
CHARGE/
UNIT	 	  	NON-RECURRING
CHARGES	 	  	RECURRING
CHARGES	 
	 3. License Area Requirements
	  		  				  				  				  			
	 Rack in a Private Cage
	  	6	  	$	425.00	  	  	$	400.00	  	  	 	Installed	  	  	$	2,400.00	  
						
	 4. Electrical Charges Power Billed Actual
	  		  				  				  				  			
	 20 Amp Power Circuit, 1 Phase
	  		  	$	450.00	  	  				  	 	Installed	  	  	 	Billed Actual	  
	 Rack Grounding
	  		  	$	65.00	  	  				  	 	Installed	  	  	 	N/A	  
	 BCMS Circuit Monitoring
	  		  	$	25.00	  	  	$	25.00	  	  	 	Installed	  	  	 	Waived	  
						
	 5. Cross Connect Charges
	  		  				  				  				  			
	 Ethernet 10/100 or Cabinets to IP
	  	1	  	$	75.00	  	  	$	50.00	  	  	 	Installed	  	  	$	50.00	  
						
	 6. Additional Products and Feature Charges
	  		  				  				  				  			
	 Remote Hands – (Tier 1 Support)
	  	0	  				  				  	 	Included	  	  	 	Included	  
						
	 7. Grand Total
	  		  				  				  				  			
	 Total Extension of all Charges:
	   
	  				  	$	2,450.00	  
			
	 Additional Security Deposit
	   
	  	$	2,000.00	  	  			
			
	TOTAL DUE AT INCEPTION (Includes Additional Security Deposit & First Month MRC):	  	  	 	$ 4,450.00	  	  			
		
	TOTAL MONTHLY CHARGE:	  	  	$	2,450.00	  

  

	8.	Notes: 

 Quote valid for
August 2005. Replaces Basic License Terms with Commencement Date of August 1, 2004 while retaining the already executed License Agreement dated April 16, 2004. Terms above valid only if received via fax or delivered on site by Midnight
8/31/2005. 

	9.	Commitment Levels 

  

	 	a)	Electrical Power: Licensor shall use commercially reasonable efforts to provide electricity to the License Area without interruption. In the event of any power outage
for reasons other than Licensee actions or omissions, Licensee shall be entitled to an abatement of one day’s License Fee for each hour that delivery of electricity to the License Area is disrupted during any twenty-four (24) hour period,
provided in no event shall the License Fees be abated for a period longer than thirty (30) days. Except as otherwise expressly provided in the previous sentence, Licensor shall not in any way be liable or responsible to Licensee for any loss,
damage or expense which Licensee may sustain or incur as a result of the unavailability of or interruption in the supply of electric current to the License Area or a change in the quantity or character or nature of such current and such change,
interruption or unavailability shall not constitute an actual or constructive eviction, in whole or in part, or entitle Licensee to any abatement or diminution of, or relieve Licensee from any of its obligations under this License Agreement, or
impose any liability upon Licensor or its agents, by reason of inconvenience or annoyance to or interruption of Licensee’s business, or otherwise. 

  

	 	b)	Environmental Control: Licensor shall use commercially reasonable efforts to maintain conditions in the License Area as follows: (i) the relative humidity shall be
maintained between 47.5% ambient and 52.5% ambient, and (ii) the temperature shall not exceed 78° Fahrenheit ambient. In the event that Licensor shall fail to maintain conditions as described above, Licensor shall make the necessary
adjustments to obtain the conditions set forth herein within one hour of receiving notice of such failure to maintain such conditions. 

  

	 	c)	Work Order Request: Subject to any other provisions of this Agreement which may limit or impair the availability of the following items or place conditions on the
availability of such items, Licensor shall implement Licensee’s requests for the following work order items within the time periods designated below following fully executed work order: 

 

			
	Type of Work Order	  	Time Period
	 Increase Electrical Capacity
	  	Qty: 1-10 - Five (5) days
		  	Qty: 11- 20 - Ten (10) days
		  	Qty: 21 + - agreed upon work order
	 Install Cross Connects
	  	24 hours from approved work order

  

			
	Equipment Access Services	  	 
	 Pre-Approved use of loading dock & freight elevator
	  	M-F 8 AM to 5PM – included
	 Outside standard business hours
	  	$50/hr (4hr min.)

 Licensee shall submit a work order for any such requested change in accordance with the provisions of
this Agreement and the Policies and Procedures. If Licensor determines in its reasonable commercial judgment that Licensor has failed to meet the work order commitment, Licensee shall receive a credit equal to 50% of Licensor’s standard charge
for the service with respect to which this commitment has not been met. 
  

	 	d)	Preparation of License Area: Licensor shall use commercially reasonable efforts to make the License Area available to Licensee in the condition required under. this
Agreement on or prior to the commencement of the Term. In the event Licensor fails to do so, Licensee shall be entitled to an abatement of one day’s License Fee for each day of Licensor’s delay in making the License Area available to
Licensee, up to a maximum of thirty (30) days; provided, however, that this provisions with respect to preparation of the License Area shall not apply if (i) Licensee has given Licensor incorrect or incomplete information with respect to
the configuration of the License Area, (ii) Licensee has altered or modified the requested configuration of the License Area after submission of such information to Licensor and acceptance thereby, or (iii) Licensee has requested that
Licensor configure the License Area in accordance with specifications other than those that are standard for the Building. 

  

	 	e)	Remote Hands: Licensor or its independent contractor shall respond to a request for “Remote Hands” as described in the table below. Licenser’s or its
independent contractor’s response time in connection with such a request shall be measured from the time Licensor or its independent contractor receives and logs Licensee’s request with all necessary information requested by Licensor or
its independent contractor until a representative of Licensor or its independent contractor first calls Licensee in response to such request. In the event Licensor or its independent contractor fails to satisfy the Remote Hands commitment, Licensee
shall be entitled to an abatement of one day’s License Fee for each failed occurrence. 

  
 2. 

 Response Table (Schedule 1) 

 

											
	 Severity
	  	Alarm
Description	  	Meaning	  	Generic
Response	  	NOC “Target”
Response Time	  	Field Staff “Target”
Response Time
	1	  	Critical	  	Site Down	  	Immediate	  	15 minutes	  	15 minutes
	2	  	Major	  	Degrading Performance	  	ASAP	  	30 minutes	  	15 minutes
	3	  	Minor	  	Required Maintenance	  	Normal	  	Next Business Day	  	As advised by NOC

  

	 	f)	Any abatement of License Fees or other credit permitted pursuant to these Basic License Terms shall be subject to the following conditions: 

 

	 	1)	The failure of Licensor to satisfy the applicable commitment level shall not have been caused in whole or in part by any scheduled maintenance events, unavoidable
delay, Licensee actions or inactions, Licensee-supplied power or equipment, actions or inactions of any third party, excluding any third party directly involved in the operation and maintenance of the Building, but including, without limitation,
Licensee’s end users, third party network providers, traffic exchange points controlled by third parties, any power, equipment or services provided by third parties, or an event of force majeure. 

 

	 	2)	Licensee must notify Licensor within five (5) business days from the time Licensee becomes eligible to receive an abatement of License Fees or any other credit
pursuant to these Basic License Terms. Licensee shall forfeit any right to receive such an abatement of License Fees or other credit if Licensee fails to timely notify Licensor. 

 

	 	3)	If Licensee is entitled to multiple credits or abatement of License Fees for multiple reasons under these Basic License Terms, such credits or abatement of License Fees
shall be limited to a maximum of thirty (30) days’ License Fees. 

  

	 	4)	In no event shall Licensee be entitled to a credit or abatement of License Fees if Licensee is in default under this Agreement or has otherwise failed to comply with
the Policies and Procedures. 

 These Basic License Terms shall be binding upon Licensee for incurred installation costs. The
monthly recurring shall not be binding until such time as the parties have agreed to and executed a License Agreement into which this summary of Basic License Terms shall be incorporated. 

 

							
	 LICENSEE:

 
	 	LICENSOR:
			
	By:	 	/s/    Max Levchin	 	Harrison 160, LLC
		 	a California limited liability company
	Print Name: Max Levchin	 	
		 	By:	 	/s/
		 		 	Authorized Signatory
	Title: Principal	 	
		
		 	Print Name: Terry Sternberg
		
	Date: 9/6/05	 	
		 	Date Signed: 1-2-89

  
 3. 

  

			
	Basic License Terms OOC Documentation	  	

 
	  
 This Addendum is made by and between Harrison 160, LLC (Licensor)
and MRL Ventures Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number 365.047.000.
	  
		
	Not withstanding anything to the contrary contained in the License Agreement Licensor and Licensee agree to the following modifications;	  	  
 Licensee:

MRL Ventures
Inc. 650 Mission,
Suite 2 San
Francisco, CA
94105

	 1.      The Licensor will provide the additional below listed items.
	  
		
	 2.      The Licensee is responsible to Initiate a work order request via email to
service@365maln.com or via phone by calling 1-866-365-MAIN (6246).
	  	Licensee
Contact: Max
Levchin Principal

max@levchin.com

	 3.      Unless otherwise noted, billing commencement will coincide with activation date as is
tracked through the 365 Main Ticketing system.
	  
		
	 4.      Licensee fax signed change order to 1-866-487-9581 and mail original.
	  	

 LICENSE TERM 
  

			
	Term:	  	OOC 3.00 months
		
	Billing Date:	  	8/1/2005

  

																					
	 DESCRIPTION
	  	UNITS	 	  	ONE-TIME
CHARGE
PER UNIT	  	MONTHLY
CHARGE
PER UNIT	 	  	BILL DATE	 	  	ONE-TIME
CHARGES
EXTENDED	  	RECURRING
CHARGES
EXTENDED	 
	LICENSE AREA REQUIREMENTS	  				  		  				  				  		  			
	 Secure Private Cabinet
	  	 	1	  	  		  	$	400.00	  	  	 	08/01/2005	  	  		  	$	400.00	  
	ELECTRICAL POWER	  				  		  				  				  		  			
	 20 Amp 120v (requires plug)
	  	 	1	  	  		  				  	 	08/01/2005	  	  		  	 	Billed Actual	  
	 Branch Circuit Monitoring System
	  	 	1	  	  		  				  	 	08/01/2005	  	  		  			
	 Rack/Cabinet Grounding
	  	 	1	  	  		  				  	 	08/01/2005	  	  		  			
	CROSS CONNECTIONS	  				  		  				  				  		  			
	 Ethernet 10/100 or T1/DSL (Copper)
	  	 	1	  	  		  	$	50.00	  	  	 	08/01/2005	  	  		  	$	50.00	  
	 SECURITY DEPOSIT
	  				  		  				  				  		  			
	 Additional Security Deposit OOC additional deposit on file
	  	 	1	  	  		  				  	 	08/01/2005	  	  		  			
		  	 	Total extension of all charges	  	$	450.00	  
			
		  	 	Security Deposit	  			
			
		  	 	First month rent	  	$	450.00	  
			
		  	 	Installation charges	  	$	4,450.00	  
		  				  		  				  				  		  	  
	  
	 
		  	 	TOTAL MONTHLY CHARGE	  	$	450.00	  

 Basic License Terms Renewal Order 

 

							
	This Addendum is made by and between Rincon 365 Borrower, LLC (Licensor) and Yelp fka MRL Ventures Inc. (Licensee), and modifies the License Agreement for original
Licensee Customer Number 365.047.000.	  	

		  		  		  	
	Data Center Operator:	  		  		  	Licensee:
	Rincon 365 Borrower, LLC	  		  		  	Yelp fka MRL Ventures Inc.
	Contact:	  		  		  	706 Mission Street, 7th Floor
		  	Shaun Reid	  	415-901-5706	  	San Francisco, CA 94103
		  	Peter Pagano	  	415-901-5754	  	
		  	Asa Donohugh	  	415-901-5739	  	Licensee Contact:
		  	Confidential FAX	  	866-487-9581	  	Vlado Herman
		  		  		  	VP of Finance
	Licensor:	  		  		  	415.908.3801
	Rincon 365 Borrower, LLC	  		  		  	vlado@yelp.com
	365 Main Street	  		  		  	
	San Francisco, CA 94105	  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

 LICENSE TERM 
  

			
	Base Term:	  	36 months
	Billing Date:	  	11/1/2008 through 10/31/2011

  

																									
	      DESCRIPTION	  	UNITS	 	  	ONE-TIME
CHARGE
PER UNIT	 	  	MONTHLY
CHARGE
PER UNIT	 	  	BILL DATE	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	RECURRING
CHARGES
EXTENDED	 
	LICENSE AREA REQUIREMENTS	  				  				  				  				  				  			
	 Rack in a Private Cage
	  	 	10	  	  				  	$	1,000.00	  	  	 	11/01/2008	  	  				  	$	10,000.00	  
	 Power Allocation per 2 kW
	  	 	5	  	  				  	$	1,000.00	  	  	 	11/01/2008	  	  				  	$	5,000.00	  
							
	 ELECTRICAL POWER – ACTUAL RECURRING
	  				  				  				  				  				  			
	 L520 – 20 Amp 120v (requires plug strip)
	  	 	18	  	  				  				  	 	11/01/2008	  	  				  	 	Billed Actual	  
							
	CROSS CONNECTIONS	  				  				  				  				  				  			
	 Ethernet 10/100 or T1/DSL (Copper)
	  	 	3	  	  				  	$	75.00	  	  	 	11/01/2008	  	  				  	$	225.00	  
							
	 SECURITY DEPOSIT
	  				  				  				  				  				  			
	 Offset for security deposit on account
	  	 	1	  	  	-$	11,440.00	  	  				  	 	11/01/2008	  	  	-$	11,440.00	  	  			

  
 1. 

							
	 ONE-TIME
 CHARGES

EXTENDED
	  	RECURRING
CHARGES
EXTENDED	 
	 Total extension of all charges
	  	$	15,225.00	  
	 Additional Security Deposit
	  	$	3,560.00	  
	 First Month Rent
	  	$	15,225.00	  
	 Net Installation Charges
	  			
	 Total to be billed (includes NRC and Security Deposit)
	  	$	18,785.00	  
		  	  
	  
	 
	 TOTAL MONTHLY CHARGE (includes ramp-ups and rate adjustments)
	  	$	15,225.00	  

 Quote valid through October, 2008. Pursuant to Section 6.1 of the License Agreement, the Basic Capacity for the
license area is 30 kW. 
  

													
	LICENSEE:	 		 		 	LICENSOR:
				
	By: /s/    Aaron Vinson         	 		 		 	RINCON 365 BORROWER, LLC, a Delaware limited liability company
	Print Name: Aaron Vinson	 		 		 	 By: Rincon 365 Mezz, LLC, a Delaware limited liability company,
 its manager and sole member

				
	Title: System Administrator	 		 		 	 By: Above Rincon LLC, a Delaware limited liability company,
 its manager and sole member

				
	Date: 10/6/08	 		 		 	 By: Rincon Point, LLC, a California limited liability company,
 its manager

					
		 		 		 		 	 By: RP Holdings, LLC, a Delaware limited liability company,
 its manager

					
		 		 		 	BY:	 	/s/
		 		 		 		 	Authorized Signatory
					
		 		 		 		 	Date Signed: 10/24/08

  
 2. 

							
	 Basic License Terms Change Order

 
	  	 	

 	  
	This addendum (“Change Order’) is entered into by and between Rincon 365 Borrower, LLC (Licensor) and Yelp (Licensee), and modifies the License Agreement for
original Licensee Customer Number 365.047.000 dated 04/16/2004 (the “Agreement”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement. Except as amended hereby, the above-referenced
Agreement is hereby ratified and confirmed and shall continue in full force and effect.	  

  

					
			
	 Not withstanding anything to the contrary contained in the License Agreement Licensor and Licensee agree to the following
modifications:
	  	 Licensee:
 Yelp
fka MRL Ventures Inc.
	  	365.047.012
		  	706 Mission Street, 7th Floor	  	
	 1.      The Licensee is responsible to initiate a work order request via email to
service@365main.com or via phone by calling (866) 365-MAIN
	  	San Francisco, CA 94103	  	
		  	Licensee Contact:	  	
	 2.      Unless otherwise noted, billing commencement will coincide with activation date as is
tracked through the 365 Main Ticketing system.
	  	 Aaron Vinson

aaron@yelp.com
	  	
		  		  	
	 3.      Licensee fax signed change order to 866-487-9581 and mail original.
	  		  	

 LICENSE TERM 
  

			
	Term:	  	Coterminous with existing agreement
		
	Billing Date:	  	8/1/2009

  

																					
	 DESCRIPTION
	  	UNITS	 	  	ONE-TIME
CHARGE
PER UNIT	  	MONTHLY
CHARGE
PER UNIT	 	  	BILL DATE	 	  	ONE-TIME
CHARGES
EXTENDED	  	RECURRING
CHARGES
EXTENDED	 
	LICENSE AREA REQUIREMENTS	  				  		  				  				  		  			
	 Basic Capacity (power allocation)
	  	 	6 kW	  	  		  	$	500.00	  	  	 	08/01/2009	  	  		  	$	3,000.00	  

  
 3. 

							
	 	  	ONE-TIME
CHARGES
EXTENDED	  	RECURRING
CHARGES
EXTENDED	 
	 Total extension of all charges
	  	$	3,000.00	  
		
	 Security Deposit
	  	$	3,000.00	  
		
	 Net Installation Charges
	  			
		
	 Total to be billed (includes NRC and Security Deposit)
	  	$	6,000.00	  
		  		  	  
	  
	 
	 TOTAL MONTHLY CHARGE (includes ramp-ups and rate
adjustments)
	  	$	3,000.00	  

 All additional License Fees set forth in this Change Order are payable in addition to all License Fees payable under the
Agreement and any other change orders relating thereto. 
 This Change Order shall not be valid unless executed by Licensee by May 31,
2009. From and after the Commencement Date, the Basic Capacity pursuant to Section 6.1 of the Agreement shall be increased by 6 kW to a total Basic Capacity of 36 kW. All License Fees shown as “Monthly Recurring Charges” under the
License Area Requirements and the Additional Basic Capacity Rate Schedule shall be payable by Licensee in full on a monthly basis every month of the Term from and after the Commencement Date in accordance with the terms and conditions of the
Agreement whether or not Licensee fully utilizes its allotted Basic Capacity and notwithstanding any removal, modification or operation or non-operation of all or any portion of Licensee’s Equipment or Infrastructure in the License Area.

 Without limiting any remedies of Licensor under the Agreement, upon the occurrence of an event of default thereunder, the Licensor shall be
entitled to apply to or to set off against any the security deposit or any other deposits or other sums held by Licensor from or on behalf of Licensee against payment of any License Fees or other obligations of Licensee now or hereafter arising
under the Agreement. 
  

											
		 	 LICENSEE:

 
	    	LICENSOR:
	By:  	 	/s/    Aaron Vinson         	    	RINCON 365 BORROWER, LLC, a Delaware limited liability company
	Print Name: Aaron Vinson	    	By: Rincon 365 Mezz, LLC, a Delaware limited liability company, its manager and sole member
		
	Title: Sys Admin	    	By: Above Rincon LLC, a Delaware limited liability company, its manager and sole member
		
	Date: 5/14/09	    	By: Rincon Point, LLC, a California limited liability company, its manager
			
		 		    	 By: RP Holdings, LLC, a Delaware limited liability company,
 its manager

						
		 		 		    	By:  	 	/s/	 	 
		 		 		    		 	Authorized Signatory
		 		 		    	Date Signed: 6-12-09

  
 4. 

 EXHIBIT A 
 [graphic] 

  
 5. 

									
	Basic License Terms Change Order	  	 

	  
 This addendum (“Change Order”) is entered
into by and between Rincon 365 Borrower, LLC (Licensor) and Yelp fka MRL Ventures Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number 365.047.000 dated 4/20/2004 (the “Agreement”). Capitalized terms
used but not defined herein shall have the meanings ascribed to them in the Agreement. Except as amended hereby, the above-referenced Agreement is hereby ratified and confirmed and shall continue in full force and effect.
	  
					
	Data Center Operator:	  		  		  	Licensee:	  	365.047.013
	 Rincon 365 Borrower, LLC
	  		  		  	Yelp fka MRL Ventures Inc.	  	
	 Contact:
	  		  		  	706 Mission Street, 7th Floor	  	
		  	Shaun Reid	  	415-901-5706	  	San Francisco, CA 94103	  	
		  	Amir Moon	  	415-901-5750	  		  	
		  	Peter Pagano	  	415-901-5754	  	Licensee Contact:	  	
		  	Confidential FAX	  	866-487-9581	  	Max Levchin	  	
	 Licensor:
	  		  		  	Principal	  	
	 Rincon 365 Borrower, LLC
	  		  		  	max@levchin.com	  	
	 365 Main Street
	  		  		  		  	
	 San Francisco, CA 94105
	  		  		  		  	

 CHANGE ORDER TERM 
  

			
	Term: Coterminous with existing agreement	  	Ticket #:
	Change Order Commencement Date: 11/1/2009	  	

  

																					
	 DESCRIPTION
	  	QUANTITY	 	  	ONE-TIME
CHARGE PER
QUANTITY	 	  	MONTHLY
CHARGE PER
QUANTITY	  	EFFECTIVE
DATE	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	MONTHLY
RECURRING
CHARGES
EXTENDED
	 LICENSE AREA REQUIREMENTS
	  				  				  		  				  				  	
	 Rack in a Private Cage (Licensor Provided)
	  	 	1	  	  	$	715.00	  	  		  	 	11/01/2009	  	  	$	715.00	  	  	
							
	 We are installing a 365 Main provided rack into C7.15.00.
	  				  				  		  				  				  	

  
 6. 

									
	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	RECURRING
CHARGES
EXTENDED	 
		  	$	715.00	  	  			
	 Additional License Fees
	   
	  			
	 Additional Monthly Recurring Charges
	  				  			
	 Net One-Time Installation Charges
	   
	  	$	715.00	  
	 Additional Security Deposit
	   
	  	$	0.00	  
	 Total Additional License Fees payable upon invoice
	   
	  	$	715.00	  

 All additional License Fees set forth in this Change Order are payable in addition to all License Fees payable under the
Agreement and any other change orders relating thereto. 
 This Change Order shall not be valid unless executed by Licensee by October 31,
2009. From and after the Commencement Date, the Basic Capacity pursuant to Section 6.1 of the Agreement shall not be increased and shall remain at a total Basic Capacity of 36 kW. All License Fees shown as “Monthly Recurring Charges”
under the License Area Requirements shall be payable by Licensee in full on a monthly basis every month of the Term from and after the Change Order Commencement Date in accordance with the terms and conditions of the Agreement whether or not
Licensee fully utilizes its allotted Basic Capacity and notwithstanding any removal, modification or operation or non-operation of all or any portion of Licensee’s Equipment or Infrastructure in the License Area. 

Without limiting any remedies of Licensor under the Agreement, upon the occurrence of an event of default thereunder, the Licensor shall be entitled to
apply to or to set off against any the security deposit or any other deposits or other sums held by Licensor from or on behalf of Licensee against payment of any License Fees or other obligations of Licensee now or hereafter arising under the
Agreement. 
  

									
	LICENSEE:	 		 	LICENSOR:
				
	By:	 	/s/ Aaron Vinson	 		 	RINCON 365 BORROWER, LLC, a Delaware limited liability company
			
	Print Name: Aaron Vinson	 		 	By: Rincon 365 Mezz, LLC, a Delaware limited liability company, its manager and sole member
			
	Title: Sys Admin	 		 	By: Above Rincon LLC, a Delaware limited liability company, its manager and sole member
			
	Date: 10/8/09	 		 	By: Rincon Point, LLC, a California limited liability company, its manager
			
		 		 	By: RP Holdings, LLC, a Delaware limited liability company, its manager
					
		 		 		 	By:	 	/s/
		 		 		 		 	Authorized Signatory
				
		 		 		 	Date Signed: 10/20/09

  
 7. 

			
	Basic License Terms Change Order	  	

	  
 This addendum (“Change Order”) is entered into by and
between Rincon 365 Borrower, LLC (Licensor) and Yelp fka MRL Ventures Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number 365.047.000 dated 4/20/2004 (the “Agreement”). Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Agreement. Except as amended hereby, the above-referenced Agreement is hereby ratified and confirmed and shall continue in full force and effect.
	  

  

											
	Data Center Operator:	  		  	 Licensee:
	  	365.047.014
	Rincon 365 Borrower, LLC	  		  	 Yelp fka MRL Ventures Inc.
	  	
	 Contact:
	  		  	 706 Mission Street, 7th Floor
	  	
		  	Shaun Reid	  	415-901-5706	  	 San Francisco, CA 94103
	  	
		  	Amir Moon	  	415-901-5750	  		  		  	
		  	Peter Pagano	  	415-901-5754	  	 Licensee Contact:
	  	
		  	Confidential FAX	  	866-487-9581	  	 Max Levchin
	  	
	Licensor:	  		  	 Principal
	  	
	 Rincon 365 Borrower, LLC
	  		  	 max@levchin.com
	  	
	365 Main Street	  		  		  		  	
	San Francisco, CA 94105	  		  		  		  	

 CHANGE ORDER TERM 
  

					
	 Term: Coterminous with existing agreement
	  	 	Ticket 	#: 2009101410000867 
	 Change Order Commencement Date: 11/1/2009
	  			

  

																									
	 DESCRIPTION
	  	QUANTITY	 	  	ONE-TIME
CHARGE PER
QUANTITY	 	  	MONTHLY
CHARGE PER
QUANTITY	 	  	EFFECTIVE
DATE	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	MONTHLY
RECURRING
CHARGES
EXTENDED	 
	 CROSS CONNECTIONS
	  				  				  				  				  				  			
	 Ethernet 10/100 or T1/DSL (Copper)
	  	 	1	  	  	$	75.00	  	  	$	75.00	  	  	 	11/01/2009	  	  	$	75.00	  	  	$	75.00	  

  
 8. 

									
	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	RECURRING
CHARGES
EXTENDED	 
		  	$	75.00	  	  	$	75.00	  
	 Additional License Fees
	   
	  			
		
	 Additional Monthly Recurring Charges
	   
	  	$	75.00	  
	 Net One-Time Installation Charges
	   
	  	$	75.00	  
	 Additional Security Deposit
	   
	  	$	0.00	  
		
	 Total Additional License Fees payable upon invoice
	   
	  	$	150.00	  

 All additional License Fees set forth in this Change Order are payable in addition to all License Fees payable under the
Agreement and any other change orders relating thereto. 
 This Change Order shall not be valid unless executed by Licensee by October 31,
2009. From and after the Commencement Date, the Basic Capacity pursuant to Section 6.1 of the Agreement shall not be increased and shall remain at a total Basic Capacity of 36 kW. All License Fees shown as “Monthly Recurring Charges”
under the License Area Requirements shall be payable by Licensee in full on a monthly basis every month of the Term from and after the Change Order Commencement Date in accordance with the terms and conditions of the Agreement whether or not
Licensee fully utilizes its allotted Basic Capacity and notwithstanding any removal, modification or operation or non-operation of all or any portion of Licensee’s Equipment or Infrastructure in the License Area. 

This is a xconnect to Internap. 
  

									
	LICENSEE:	 		 	LICENSOR:
				
	By:	 	/s/ Aaron Vinson	 		 	RINCON 365 BORROWER, LLC, a Delaware limited liability company
				
	Print	 	Name: Aaron Vinson	 		 	By: Rincon 365 Mezz, LLC, a Delaware limited liability company, its manager and sole member
			
	Title: System Admin	 		 	 By: Above Rincon LLC, a Delaware limited liability company,
 its manager and sole member

			
	Date:	 	10/14/09	 	 By: Rincon Point, LLC, a California limited liability company,
 its manager

			
		 		 	 By: RP Holdings, LLC, a Delaware limited liability company,
 its manager

				
		 		 	By:	 	    /s/
		 		 		 		 	Authorized Signatory
				
		 		 		 	Date Signed: 10/22/09

  
 9. 

 9/23/2011 
  

			
	 Basic License Terms Renewal Order
	  	

 
	  
 This renewal (“Renewal”) is entered into by and between
Digital 365 Main, LLC (Licensor) and Yelp fka MRL Ventures, Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number 365.047.000 dated 4/20/2004 (the “Agreement”). Capitalized terms used but not defined
herein shall have the meanings ascribed tot hem in the Agreement. In the event of a conflict between the terms of this Renewal and the terms of the Agreement, the terms of this Renewal shall govern. The Agreement is hereby amended as and where
necessary to give effect to the terms of this Renewal. Except as amended hereby, the above-referenced Agreement is hereby ratified and confirmed and shall continue in full force and effect.
	  

 This renewal (“Renewal”) is entered into by and between Digital 365 Main, LLC (Licensor) and Yelp fka MRL
Ventures, Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number 365.047.000 dated 4/20/2004 (the “Agreement”). Capitalized terms used but not defined herein shall have the meanings ascribed tot hem in
the Agreement. In the event of a conflict between the terms of this Renewal and the terms of the Agreement, the terms of this Renewal shall govern. The Agreement is hereby amended as and where necessary to give effect to the terms of this Renewal.
Except as amended hereby, the above-referenced Agreement is hereby ratified and confirmed and shall continue in full force and effect. 
  

									
	Data Center Operator:	  		  	Licensee:
	Digital 365 Main, LLC	  		  	Yelp fka MRL Ventures Inc.
	 Contact:
	  		  	706 Mission Street, 9th Floor
		  	Shaun Reid	  	415-848-9287	  	San Francisco, CA 94103
		  	Amir Moon	  	415-848-9310	  		  	
		  	Peter Pagano	  	415-901-5754	  	Licensee Contact:
		  	Confidential FAX	  	866-487-9581	  	Michael Stoppelman
	Licensor:	  		  	VP of Enginnering
	Digital 365 Main, LLC	  		  	(451) 254-7803
	365 Main Street	  		  	stop@yelp.com
	San Francisco, CA 94105	  		  		  	

 RENEWAL TERM 
 The Term of the Agreement is hereby extended to 10/31/2013, and the License Fees applicable to the portion of the Term from 11/1/2011 (the “Renewal Commencement Date”) through 10/31/2013 are set
forth below. 
  

																									
	 DESCRIPTION
	 	QUANTITY	 	 	ONE-TIME
CHARGE
PER UNIT	 	 	MONTHLY
CHARGE
PER UNIT	 	 	EFFECTIVE
DATE	 	 	ONE-TIME
CHARGES
EXTENDED	 	 	MONTHLY
RECURRING
CHARGES
EXTENDED	 
	 LICENSE AREA REQUIREMENTS
	 				 				 				 				 				 			
	 License Area (Custom Private Cage)
	 	 	1	  	 				 				 	 	11/01/2011	  	 				 			
	 Basic Capacity (power allocation)
	 	 	45 kW	  	 				 	$	325.00	  	 	 	11/01/2011	  	 				 	$	14,625.00	  
	 Subject to annual rate increases described in the schedule below
	 				 				 				 				 				 			
	 Rack in a Private Cage (Existing)
	 	 	10	  	 				 				 	 	11/01/2011	  	 				 			
							
	 ELECTRICAL POWER – ACTUAL RECURRING
	 				 				 				 				 				 			
	 L520 – 20 Amp 120v (requires plug strip)
	 	 	24	  	 				 				 	 	11/01/2011	  	 				 	 	Billed Actual	  
							
	 CROSS CONNECTIONS
	 				 				 				 				 				 			
	 Ethernet 10/100 or T1/DSL (Copper)
	 	 	9	  	 				 	$	75.00	  	 	 	11/01/2011	  	 				 	$	675.00	  
	 Fiber
	 	 	1	  	 				 	$	200.00	  	 	 	11/01/2011	  	 				 	$	200.00	  
	 Ethernet 10/100 or T1/DSL (Copper)

To SFMix; no MRC.
	 	 	1	  	 				 				 	 	11/01/2011	  	 				 			
							
	 ADDITIONAL PRODUCTS AND FEATURES
	 				 				 				 				 				 			
	 Permanent Badges
	 	 	2	  	 				 	$	10.00	  	 	 	11/01/2011	  	 				 	$	20.00	  
							
	 SECURITY DEPOSIT

Offset for security deposit on account
	 	 	1	  	 	-$	18,000.00	  	 				 	 	11/01/2008	  	 	-$	18,000.00	  	 			

  
 1 

							
	 	 	ONE-TIME
CHARGES
EXTENDED	 	MONTHLY
RECURRING
CHARGES
EXTENDED	 
	 License Fee Summary
	 		 	$	15,520.00	  
			
	 First Month’s Recurring Charges
	 		 	$	15,520.00	  
	 Net One-Time Installation Charges
	 		 			
	 Security Deposit
	 		 	-$	2,936.25	  
			
	 Total License Fees payable upon invoice
	 		 	$	12,583.75	  

  

																					
	       BASIC CAPACITY
RATE SCHEDULE

 
	 	  	Dollars per kW	 	  	Effective Period	 	  	Basic Capacity
Monthly
Recurring Charge	 
	 With scheduled annual rate increases of 3%
	  	 	45 kW	  	  	$	325.00	  	  	11/1/2011	  	 	10/31/2012	  	  	$	14,625.00	  
	 Basic Capacity (Power Allocation)
	  	 	45 kW	  	  	$	334.75	  	  	11/1/2012	  	 	10/31/2013	  	  	$	15,063.75	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  		  	  
	  
	 	  	  
	  
	 

 This Renewal shall not be valid unless executed by Licensee by September 30, 2011. From and after the Renewal
Commencement Date, the Basic Capacity pursuant to Section 6.1 of the Agreement shall be 45 kW. All License Fees shown as “Monthly Recurring Charges” under the License Area Requirements and the Basic Capacity Rate Schedule shall be
payable by Licensee in full on a monthly basis every month of the Term from and after the Renewal Commencement Date in accordance with the terms and conditions of the Agreement whether or not Licensee fully utilizes its allotted Basic Capacity and
notwithstanding any removal, modification or operation or non-operation of all or any portion of Licensee’s Equipment or Infrastructure in the License Area. 
 Without limiting any remedies of Licensor under the Agreement, upon the occurrence of an event of default thereunder, the Licensor shall be entitled to apply to or to set off against the security deposit
or any other deposits or other sums held by Licensor from or on behalf of Licensee against payment of any License Fees or other obligations of Licensee now or hereafter arising under the Agreement. 

Notwithstanding anything to the contrary contained in the License Agreement Licensor’s sole obligation with respect to
environmental conditions in the License Area shall be to maintain at all times during the Term of the Agreement conditions in accordance with the then-current ASHRAE TC 9.9 (American Society of Heating, Refrigeration and Air-Conditioning Engineers,
Technical Committee 9.9) Design Considerations for Datacom Equipment Centers©, for Class 1 buildings and
Licensor shall have no liability to Licensee for failure to satisfy any other standard or commitment levels. In connection therewith, Licensor shall maintain filtration quality per design specifications and relative humidity control ranges shall be
non-condensing. 
 This Renewal shall become effective only upon execution and delivery of both Licensor and Licensee. 

Each party agrees that the terms and provisions of this Renewal are confidential and constitute proprietary information of the parties as though the
terms hereof were originally part of the Agreement. 
  

											
	LICENSEE:	 		 	LICENSOR:
			
	By: /s/ Michael Stoppelman	 		 	DIGITAL 365 MAIN, LLC a Delaware limited liability company
				
	 Print Name: Michael Stoppelman
  

Title: VP of Engineering
	 		 	By:	 	 Digital Realty Trust, L.P., a Maryland limited partnership,
 Its Member and Manager

					
	Date: 9/26/2011	 		 		 	By:	 	 Digital Realty Trust, Inc. a Maryland corporation,
 Its General Partner

			
		 		 	By: /s/ Richard Berk
				
		 		 		 	Print Name: Richard Berk
				
		 		 		 	Title: VP Portfolio Management
				
		 		 		 	Date: 9/30/2011

  
 2. 

 EXHIBIT A 
 [graphic] 

  
 3. 

			
	Basic License Terms Change Order	  	

 
	  
 This Addendum (“Change Order”) is entered into by and
between Rincon 365 Borrower, LLC (Licensor) and Yelp fka MRL Ventures Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number 365.047.000 dated 4/20/2004 (the “Agreement”). Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Agreement. Except as amended hereby, the above-referenced Agreement is hereby ratified and confirmed and shall continue in full force and effect.
	  

  

									
	Data Center Operator:	  		  	 Licensee:

	Rincon 365 Borrower, LLC	  		  	 Yelp fka MRL Ventures Inc.

	 Contact:
	  		  	 706 Mission Street, 7th Floor

		  	Shaun Reid	  	415-901-5706	  	 San Francisco, CA 94103

		  	Amir Moon	  	415-901-5750	  		  	
		  	Peter Pagano	  	415-901-5754	  	 Licensee Contact:

		  	Confidential FAX	  	866-487-9581	  	 Max Levchin

	Licensor:	  		  	 Principal

	Rincon 365 Borrower, LLC	  		  	 365.047.015

max@levchin.com

	365 Main Street	  		  		  	
	San Francisco, CA 94105	  		  		  	

 CHANGE ORDER TERM 
  

					
	 Term: Coterminous with existing agreement
	  	 	Ticket 	#: 2009102710001074 
	Change Order Commencement Date: 11/1/2009	  			

  

																	
	 DESCRIPTION
	  	QUANTITY	 	  	ONE-TIME
CHARGE PER
QUANTITY	  	MONTHLY
CHARGE PER
QUANTITY	  	EFFECTIVE
DATE	 	  	ONE-TIME
CHARGES
EXTENDED	  	MONTHLY
RECURRING
CHARGES
EXTENDED
	 ADDITIONAL PRODUCTS AND FEATURES
	  				  		  		  				  		  	
	 Permanent Badges
	  	 	1	  	  		  		  				  		  	
	 This is a permanent badge for Daniel Chen
	  				  		  		  	 	11/01/2009	  	  		  	

  
 1. 

							
	 	  	ONE-TIME
CHARGES
EXTENDED	  	RECURRING
CHARGES
EXTENDED	 
	 Additional License Fees
	  		  			
			
	 Additional Monthly Recurring Charges
	  		  			
	 Net One-Time Installation Charges
	  		  			
	 Additional Security Deposit
	  		  	$	0.00	  
	 Total Additional License Fees payable upon invoice
	  		  	$	0.00	  

 All additional License Fees set forth in this Change Order are payable in addition to all License Fees payable under the
Agreement and any other change orders relating thereto. 
 This Change Order shall not be valid unless executed by Licensee by October 31,
2009. From and after the Commencement Date, the Basic Capacity pursuant to Section 6.1 of the Agreement shall not be increased and shall remain at a total Basic Capacity of 36 KW. All License Fees shown as “Monthly Recurring Charges”
under the License Area Requirements shall be payable by Licensee in full on a monthly basis every month of the Term from and after the Change Order Commencement Date in accordance with the terms and conditions of the Agreement whether or not
Licensee fully utilizes its allotted Basic Capacity and notwithstanding any removal, modification or operation or non-operation of all or any portion of Licensee’s Equipment or infrastructure in the License Area. 

 

									
	LICENSEE:	 		 	LICENSOR:
			
	By: /s/    Aaron Vinson	 		 	RINCON 365 BORROWER, LLC, a Delaware limited liability company
	Print Name: Aaron Vinson	 		 	By: Rincon 365 Mezz, LLC, a Delaware limited liability company, its manager and sole member
			
	Title: System Administrator	 		 	By: Above Rincon LLC, a Delaware limited liability company, its manager and sole member
			
	Date: 10/29/09	 		 	By: Rincon Point, LLC, a California limited liability company, its manager
			
		 		 	By: RP Holdings, LLC, a Delaware limited liability company, its manager
				
		 		 	  
 By:
	 	/s/
		 		 		 		 	Authorized Signatory
				
		 		 		 	Date Signed: 11/2/09

  
 2. 

			
	Basic License Terms Change Order	  	

 
	  
 This addendum (“Change Order’) is entered into by and
between Rincon 365 Borrower, LLC (Licensor) and Yelp fka MRL Ventures Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number 365.047.000 dated 04/20/2004 (the “Agreement”). Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Agreement. Except as amended hereby, the above-referenced Agreement is hereby ratified and confirmed and shall continue in full force and effect.
	  

  

									
	Data Center Operator:	  		  	 Licensee:

	Rincon 365 Borrower, LLC	  		  	 Yelp fka MRL Ventures Inc.

	 Contact:
	  		  	 706 Mission Street, 7th Floor

		  	Shaun Reid	  	415-901-5706	  	 San Francisco, CA 94103

		  	Amir Moon	  	415-901-5750	  		  	
		  	Peter Pagano	  	415-901-5754	  	 Licensee Contact:

		  	Confidential FAX	  	866-487-9581	  	 Max Levchin

	Licensor:	  		  	 Principal

	Rincon 365 Borrower, LLC	  		  	365.047.016
	365 Main Street	  		  	max@levchin.com	  	
	San Francisco, CA 94105	  		  		  	

 CHANGE ORDER TERM 
  

					
	 Term: Coterminous with existing agreement
	  	 	Ticket 	#: 2010010410000561 
	 Change Order Commencement Date: 2/1/2010
	  			

  

																					
	 DESCRIPTION
	  	QUANTITY	 	  	ONE-TIME
CHARGE PER
QUANTITY	  	MONTHLY
CHARGE PER
QUANTITY	 	  	EFFECTIVE
DATE	 	  	ONE-TIME
CHARGES
EXTENDED	  	MONTHLY
RECURRING
CHARGES
EXTENDED	 
	 CROSS CONNECTIONS
	  				  		  				  				  		  			
	 Ethernet 10/100 or T1/DSL (Copper)
	  	 	-1	  	  		  	$	75.00	  	  	 	02/01/2010	  	  		  	-$	75.00	  

 This is a disconnect from original ticket #2008072410002738 and order #365.047.007. This xconnect was renewed on order
365.047.011. 

  
 3. 

							
	 	  	 ONE-TIME
 CHARGES

EXTENDED
	  	 RECURRING
 CHARGES

EXTENDED
	 
		  		  	-$	75.00	  
	 Additional License Fees
	  		  			
			
	 Additional Monthly Recurring Charges
	  		  	-$	75.00	  
	 Net One-Time Installation Charges
	  		  			
	 Additional Security Deposit
	  		  	$	0.00	  
			
	 Total Additional License Fees payable upon invoice
	  		  	-$	75.00	  

 All additional License Fees set forth in this Change Order are payable in addition to all License Fees payable under the
Agreement and any other change orders relating thereto. 
 This Change Order shall not be valid unless executed by Licensee by January 31,
2010. From and after the Commencement Date, the Basic Capacity pursuant to Section 6.1 of the Agreement shall not be increased and shall remain at a total Basic Capacity of 36 kW. All License Fees shown as “Monthly Recurring Charges”
under the License Area Requirements shall be payable by Licensee in full on a monthly basis every month of the Term from and after the Change Order Commencement Date in accordance with the terms and conditions of the Agreement whether or not
Licensee fully utilizes its allotted Basic Capacity and notwithstanding any removal, modification or operation or non-operation of all or any portion of Licensee’s Equipment or Infrastructure in the License Area. 

This is a disconnect from original ticket #2008072410002738 and order #365.047.007. This xconnect was renewed on order 365.047.011. 

 

									
	LICENSEE:	 		 	LICENSOR:
			
	By: /s/    Aaron Vinson	 		 	RINCON 365 BORROWER, LLC, a Delaware limited liability company
	Print Name: Aaron Vinson	 		 	By: Rincon 365 Mezz, LLC, a Delaware limited liability company, its manager and sole member
			
	Title: Sys Admin	 		 	By: Above Rincon LLC, a Delaware limited liability company, its manager and sole member
			
	Date: 1/4/10	 		 	By: Rincon Point, LLC, a California limited liability company, its manager
			
		 		 	By: RP Holdings, LLC, a Delaware limited liability company, its manager
				
		 		 	By:	 	/s/
		 		 		 		 	Authorized Signatory
				
		 		 		 	Date Signed: 6-18-10

  
 4. 

 EXHIBIT A 
 [graphic] 

  
 5. 

			
	Basic License Terms Change Order	 	

 
	  
 This addendum (“Change Order”) is entered into by and
between Rincon 365 Borrower, LLC (Licensor) and Yelp fka MRL Ventures Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number 365.047.000 dated 4/20/2004 (the “Agreement”). Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Agreement. Except as amended hereby, the above-referenced Agreement is hereby ratified and confirmed and shall continue in full force and effect.
	 

  

									
	 Data Center Operator:
	  		  		  	Licensee:	  	365.047.013
	Rincon 365 Borrower,LLC	  		  		  	Yelp fka MRL Ventures Inc.	  	
	Contact:	  		  		  	706 Mission Street, 7th Floor	  	
	 Shaun Reid
	  	415-901-5706	  		  	San Francisco, CA 94103	  	
	 Amir Moon
	  	415-901-5750	  		  		  	
	 Peter Pagano
	  	415-901-5754	  		  	Licensee Contact:	  	
	 Confidential FAX
	  	866-487-9581	  		  	Max Levchin	  	
	Licensor:	  		  		  	Principal	  	
	Rincon 365 Borrower, LLC	  		  		  	max@levchin.com	  	
	365 Main Street	  		  		  		  	
	San Francisco, CA 94105	  		  		  		  	

  

	
	CHANGE ORDER TERM

  

			
	Term: Coterminous with existing agreement	  	Ticket #:
	Change Order Commencement Date: 11/1/2009	  	

  

																					
	 DESCRIPTION
	  	QUANTITY	 	  	ONE-TIME
CHARGE PER
QUANTITY	 	  	MONTHLY
CHARGE PER
QUANTITY	  	EFFECTIVE
DATE	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	MONTHLY
RECURRING
CHARGES
EXTENDED
	 LICENSE AREA REQUIREMENTS
	  				  				  		  				  				  	
	 Rack in a Private Cage (Licensor Provided)
	  	 	1	  	  	$	715.00	  	  		  	 	11/01/2009	  	  	$	715.00	  	  	
	 We are installing a 365 Main provided rack into C7.15.00.
	  				  				  		  				  				  	

  
 6. 

									
	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	RECURRING
CHARGES
EXTENDED	 
		  	$	715.00	  	  			
	 Additional License Fees
	  				  			
	 Additional Monthly Recurring Charges
	  				  			
	 Net One-Time Installation Charges
	  				  	$	715.00	  
	 Additional Security Deposit
	  				  	$	0.00	  
	 Total Additional License Fees payable upon invoice
	  				  	$	715.00	  

 All additional License Fees set forth in this Change Order are payable in addition to all License Fees payable under the
Agreement and any other change orders relating thereto. 
 This Change Order shall not be valid unless executed by Licensee by October 31,
2009. From and after the Commencement Date, the Basic Capacity pursuant to Section 6.1 of the Agreement shall not be increased and shall remain at a total Basic Capacity of 36 kW. All License Fees shown as “Monthly Recurring Charges”
under the License Area Requirements shall be payable by Licensee in full on a monthly basis every month of the Term from and after the Change Order Commencement Date in accordance with the terms and conditions of the Agreement whether or not
Licensee fully utilizes its allotted Basic Capacity and notwithstanding any removal, modification or operation or non-operation of all or any portion of Licensee’s Equipment or Infrastructure in the License Area. 

Without limiting any remedies of Licensor under the Agreement, upon the occurrence of an event of default thereunder, the Licensor shall be entitled to
apply to or to set off against any the security deposit or any other deposits or other sums held by Licensor from or on behalf of Licensee against payment of any License Fees or other obligations of Licensee now or hereafter arising under the
Agreement. 
  

									
	LICENSEE:	 		 	LICENSOR:
				
	By:	 	/s/    Aaron Vinson	 		 	RINCON 365 BORROWER, LLC, a Delaware limited liability company
	Print Name: Aaron Vinson	 		 	By: Rincon 365 Mezz, LLC, a Delaware limited liability company, its manager and sole member
			
	Title: Sys Admin	 		 	By: Above Rincon LLC, a Delaware limited liability company, its manager and sole member
			
	  
 Date: 10/8/09
	 		 	 By: Rincon Point, LLC, a California limited liability company, its manager

			
		 		 	 By: RP Holdings, LLC, a Delaware limited liability company, its manager

		 		 	  
 By:
	 	/s/
		 		 		 		 	Authorized Signatory
		 		 		 	Date Signed: 10/20/09

  
 7. 

			
	Basic License Terms Change Order	 	

 
	  
 This addendum (“Change Order”) is entered into by and
between Rincon 365 Borrower, LLC (Licensor) and Yelp fka MRL Ventures Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number 365.047.000 dated 4/20/2004 (the “Agreement”). Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Agreement. Except as amended hereby, the above-referenced Agreement is hereby ratified and confirmed and shall continue in full force and effect.
	 

  

									
	 Data Center Operator:
	  		  		  	Licensee:	  	365.047.014
	Rincon 365 Borrower, LLC	  		  		  	Yelp fka MRL Ventures Inc	  	
	Contact:	  		  		  	706 Mission Street, 7th Floor	  	
	 Shaun Reid
	  	415-901-5706	  		  	San Francisco, CA 94103	  	
	 Amir Moon
	  	415-901-5750	  		  		  	
	 Peter Pagano
	  	415-901-5754	  		  	Licensee Contact:	  	
	 Confidential FAX
	  	866-487-9581	  		  	Max Levchin	  	
	Licensor:	  		  		  	Principal	  	
	Rincon 365 Borrower, LLC	  		  		  	max@levchin.com	  	
	365 Main Street	  		  		  		  	
	San Francisco, CA 94105	  		  		  		  	

 CHANGE ORDER TERM 
  

			
	Term: Coterminous with existing agreement	  	Ticket #: 2009101410000867
	Change Order Commencement Date: 11/1/2009	  	

  

																									
	 DESCRIPTION
	  	QUANTITY	 	  	ONE-TIME
CHARGE
PER
QUANTITY	 	  	MONTHLY
CHARGE
PER
QUANTITY	 	  	EFFECTIVE
DATE	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	MONTHLY
RECURRING
CHARGES
EXTENDED	 
	 CROSS CONNECTIONS
	  				  				  				  				  				  			
	 Ethernet 10/100 or T1/DSL (Copper)
	  	 	1	  	  	$	75.00	  	  	$	75.00	  	  	 	11/01/2009	  	  	$	75.00	  	  	$	75.00	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

  
 8. 

									
	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	RECURRING
CHARGES
EXTENDED	 
		  	$	75.00	  	  	$	75.00	  
	 Additional License Fees
	   
	  			
	 Additional Monthly Recurring Charges
	   
	  	$	75.00	  
	 Net One-Time Installation Charges
	   
	  	$	75.00	  
	 Additional Security Deposit
	   
	  	$	0.00	  
	 Total Additional License Fees payable upon invoice
	   
	  	$	150.00	  

 All additional License Fees set forth in this Change Order are payable in addition to all License Fees payable under the
Agreement and any other change orders relating thereto. 
 This Change Order shall not be valid unless executed by Licensee by October 31,
2009. From and after the Commencement Date, the Basic Capacity pursuant to Section 6.1 of the Agreement shall not be increased and shall remain at a total Basic Capacity of 36 kW. All License Fees shown as “Monthly Recurring Charges”
under the License Area Requirements shall be payable by Licensee in full on a monthly basis every month of the Term from and after the Change Order Commencement Date in accordance with the terms and conditions of the Agreement whether or not
Licensee fully utilizes its allotted Basic Capacity and notwithstanding any removal, modification or operation or non-operation of all or any portion of Licensee’s Equipment or Infrastructure in the License Area. 

This is a xconnect to Internap. 
  

									
	LICENSEE:	 		 	LICENSOR:
				
	By:	 	/s/    Aaron Vinson	 		 	RINCON 365 BORROWER, LLC, a Delaware limited liability company
	Print Name: Aaron Vinson	 		 	By: Rincon 365 Mezz, LLC, a Delaware limited liability company, its manager and sole member
			
	Title: System Admin	 		 	 By: Above Rincon LLC, a Delaware limited liability company,
 its manager and sole member

			
	Date: 10/14/09	 		 	 By: Rincon Point, LLC, a California limited liability company,
 its manager

				
		 		 		 	 By: RP Holdings, LLC, a Delaware limited liability company,
 its manager

				
		 		 	  
 By:
	 	    /s/
		 		 		 		 	Authorized Signatory
				
		 		 		 	Date Signed: 10/22/09

  
 9. 

			
	Basic License Terms Change Order	 	

 
	  
 This addendum (“Change Order”) is entered into by and
between Rincon 365 Borrower, LLC (Licensor) and Yelp fka MRL Ventures Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number 365.047.000 dated 4/20/2004 (the “Agreement”). Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Agreement. Except as amended hereby, the above-referenced Agreement is hereby ratified and confirmed and shall continue in full force and effect.
	 

  

									
	 Data Center Operator:
	  		  		  	Licensee:	  	
	Rincon 365 Borrower, LLC	  		  		  	Yelp fka MRL Ventures Inc	  	
	Contact:	  		  		  	706 Mission Street, 7th Floor	  	
	 Shaun Reid
	  	415-901-5706	  		  	San Francisco, CA 94103	  	
	 Amir Moon
	  	415-901-5750	  		  		  	
	 Peter Pagano
	  	415-901-5754	  		  	Licensee Contact:	  	
	 Confidential FAX
	  	866-487-9581	  		  	Max Levchin	  	
	Licensor:	  		  		  	Principal	  	
	Rincon 365 Borrower, LLC	  		  		  	max@levchin.com	  	
	365 Main Street	  		  		  		  	
	San Francisco, CA 94105	  		  		  		  	

 CHANGE ORDER TERM 
  

			
	Term: Coterminous with existing agreement	  	Ticket #: 2010010410000561
	Change Order Commencement Date: 2/1/2010	  	

  

																					
	 DESCRIPTION
	  	QUANTITY	 	  	ONE-TIME
CHARGE PER
QUANTITY	  	MONTHLY
CHARGE PER
QUANTITY	 	  	EFFECTIVE
DATE	 	  	ONE-TIME
CHARGES
EXTENDED	  	MONTHLY
RECURRING
CHARGES
EXTENDED	 
	 CROSS CONNECTIONS
	  				  		  				  				  		  			
	 Ethernet 10/100 or T1/DSL (Copper)
	  	 	-1	  	  		  	$	75.00	  	  	 	02/01/2010	  	  		  	-$	75.00	  

 This is a disconnect from original ticket #2008072410002738 and order #365.047.007. This xconnect was renewed on order
365.047.011. 

  
 1. 

							
	 	  	ONE-TIME
CHARGES
EXTENDED	  	RECURRING
CHARGES
EXTENDED	 
		  		  	-$	75.00	  
	 Additional License Fees
	  		  			
	 Additional Monthly Recurring Charges
	  		  	-$	75.00	  
	 Net One-Time Installation Charges
	  		  			
	 Additional Security Deposit
	  		  	$	0.00	  
	 Total Additional License Fees payable upon invoice
	  		  	-$	75.00	  

 All additional License Fees set forth in this Change Order are payable in addition to all License Fees payable under the
Agreement and any other change orders relating thereto. 
 This Change Order shall not be valid unless executed by Licensee by January 31,
2010. From and after the Commencement Date, the Basic Capacity pursuant to Section 6.1 of the Agreement shall not be increased and shall remain at a total Basic Capacity of 36 kW. All License Fees shown as “Monthly Recurring Charges”
under the License Area Requirements shall be payable by Licensee in full on a monthly basis every month of the Term from and after the Change Order Commencement Date in accordance with the terms and conditions of the Agreement whether or not
Licensee fully utilizes its allotted Basic Capacity and notwithstanding any removal, modification or operation or non-operation of all or any portion of Licensee’s Equipment or Infrastructure in the License Area. 

This is a disconnect from original ticket #2008072410002738 and order #365.047.007. This xconnect was renewed on order 365.047.011. 

 

									
	LICENSEE:	 		 	LICENSOR:
				
	By:	 	/s/    Aaron Vinson	 		 	
			
	Print Name: Aaron Vinson	 		 	
				
	Title: System Administrator	 		 	By:	 	 
		 		 		 		 	Authorized Signatory
			
	Date Signed: 1/4/10	 		 	Date Signed:

  
 2. 

			
	 Basic License Terms Change Order
	 	

 
	  
 This addendum (“Change Order”) is entered into by and
between Rincon 365 Borrower, LLC (Licensor) and Yelp fka MRL Ventures Inc. (Licensee), and modifies the License Agreement for original Licensee Customer Number 365.047.000 dated 4/20/2004 (the “Agreement”). Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Agreement. Except as amended hereby, the above-referenced Agreement is hereby ratified and confirmed and shall continue in full force and effect.
	 

  

									
	 Data Center Operator:
	  		  		  	Licensee:	  	
	Rincon 365 Borrower, LLC	  		  		  	Yelp fka MRL Ventures Inc	  	
	Contact:	  		  		  	706 Mission Street, 7th Floor	  	
	 Shaun Reid
	  	415-901-5706	  		  	San Francisco, CA 94103	  	
	 Amir Moon
	  	415-901-5750	  		  		  	
	 Peter Pagano
	  	415-901-5754	  		  	Licensee Contact:	  	
	 Confidential FAX
	  	866-487-9581	  		  	Max Levchin	  	
	Licensor:	  		  		  	Principal	  	
	Rincon 365 Borrower, LLC	  		  		  	max@levchin.com	  	
	365 Main Street	  		  		  		  	
	San Francisco, CA 94105	  		  		  		  	

  

	
	 CHANGE ORDER TERM

 

			
	Term: Coterminous with existing agreement	  	Ticket #: 2010060810000599
	Change Order Commencement Date: 7/1/2010	  	

  

																					
	DESCRIPTION	  	QUANTITY	 	  	ONE-TIME
CHARGE
PER
QUANTITY	 	  	MONTHLY
CHARGE
PER
QUANTITY	  	EFFECTIVE
DATE	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	MONTHLY
RECURRING
CHARGES
EXTENDED
	 ADDITIONAL PRODUCTS AND FEATURES
	  				  				  		  				  				  	
	 Miscellaneous

Cost for the Card Reader and the installation
	  	 	1	  	  	$	3,479.00	  	  		  	 	07/01/2010	  	  	$	3,479.00	  	  	
							
	 Miscellaneous

Cost to run conduit for the Card Reader door C7.15.00
	  	 	1	  	  	$	518.00	  	  		  	 	07/01/2010	  	  	$	518.00	  	  	
							
	 Miscellaneous

Cost for the Caging material
	  	 	1	  	  	$	822.00	  	  		  	 	07/01/2010	  	  	$	822.00	  	  	

  
 1. 

									
	 	  	ONE-TIME
CHARGES
EXTENDED	 	  	RECURRING
CHARGES
EXTENDED	 
		  	$	4,819.00	  	  			
	 Additional License Fees
	  				  			
	 Additional Monthly Recurring Charges
	  				  			
	 Net One-Time Installation Charges
	  				  	$	4,819.00	  
	 Additional Security Deposit
	  				  	$	0.00	  
	 Total Additional License Fees payable upon invoice
	  				  	$	4,819.00	  

 All additional License Fees set forth in this Change Order are payable in addition to all License Fees payable under the
Agreement and any other change orders relating thereto. 
 This Change Order shall not be valid unless executed by Licensee by June 30,
2010. From and after the Commencement Date, the Basic Capacity pursuant to Section 6.1 of the Agreement shall not be increased and shall remain at a total Basic Capacity of 36 kW. All License Fees shown as “Monthly Recurring Charges”
under the License Area Requirements shall be payable by Licensee in full on a monthly basis every month of the Term from and after the Change Order Commencement Date in accordance with the terms and conditions of the Agreement whether or not
Licensee fully utilizes its allotted Basic Capacity and notwithstanding any removal, modification or operation or non-operation of all or any portion of Licensee’s Equipment or Infrastructure in the License Area. 

 

									
	LICENSEE:	 		 	LICENSOR:
				
	By:	 	/s/    Aaron Vinson	 		 	
			
	Print Name: Aaron Vinson	 		 	
				
	Title: System Administrator	 		 	By:	 	/s/
		 		 		 		 	Authorized Signatory
			
	Date: 6/15/10	 		 	Date Signed:

  
 2.Offer Letter, between Registrant and Jeremy Stoppelman

 Exhibit 10.15 
 February 3, 2012 
 Mr. Jeremy Stoppelman 

Via email 
 Re: Terms of
Employment by Yelp Inc. 
 Dear Jeremy: 
 I am very pleased to confirm the terms of your continuing employment with Yelp Inc., a Delaware corporation (the “Company” or “Yelp”), in the position of
Chief Executive Officer, reporting to the Company’s Board of Directors, on the terms set forth in this letter (the “Letter”). 
 1. Salary. Effective as of January 1, 2012, your annual base salary is $300,000 per year (as adjusted from time to time, your “Salary”), less all applicable
deductions required by law, which is payable at the times and in the installments consistent with the Company’s then current payroll practice. Your Salary is subject to periodic review and adjustment in accordance with the Company’s
policies as in effect from time to time. 
 2. Incentive Compensation & Benefits. You are eligible to participate in the
incentive compensation programs, insurance programs and other employee benefit plans established by the Company for its employees from time to time in accordance with the terms of those programs and plans. The Company reserves the right to change
the terms of its programs and plans at any time. 
 3. Equity Compensation. The Company has previously granted certain equity
compensation awards to you, including awards under one or more of the Company’s equity incentive plans. This Letter does not amend any of your outstanding awards, each of which remains subject to its respective current award agreement and plan
covering such award. 
 4. Executive Severance Plan. You are eligible to participate in the Yelp Inc. Executive Severance Benefit
Plan (the “Severance Plan”), subject to the terms and conditions thereof. For clarity, nothing in the Severance Plan modifies the vesting or other terms of your existing equity award agreements. 

5. Confidentiality. As an employee of the Company, you have access to certain confidential information of the Company and you may, during
the course of your employment, develop certain information or inventions that will be the property of the Company. To protect the interests of the Company, you signed the Company’s standard Confidentiality and Inventions Assignment Agreement
(the “Confidentiality Agreement,” the terms of which are incorporated by reference herein) as a condition of your employment. Nothing in this letter modifies the terms of the Confidentiality Agreement, which remains in full
force and effect. You further understand and agree that you will not to disclose any other information that has not been presented to you for public usage. 
 6. Non-Disparagement and Non-Solicitation. At all times during and after your Yelp employment, you agree that you will not take any actions to disrupt Yelp’s community or

 
business or tarnish Yelp’s reputation. Specifically, you will not (a) use the Yelp websites or mobile applications (“Site”) to write harsh reviews, post
negatively on Yelp Talk, or otherwise take actions that would be inconsistent with your tone and manner as an executive of the Company, (b) publicly announce or otherwise discuss your departure except as expressly permitted by Yelp in writing
or as required by law, (c) materially alter your account profile on the Site (e.g., removing or editing reviews that you have previously written, photos that you have previously uploaded, or changing your user name), (d) use the
Site or use Yelp’s confidential information to market any other product or service to the Site’s users, (e) disparage Yelp or its officers, directors, employees, shareholders, parents, subsidiaries, affiliates and agents, in any
manner likely to be harmful to its or their business, business reputation, or personal reputation, or (f) publicly discuss any non-public details about Yelp or your role at Yelp, or disclose any of Yelp’s proprietary and confidential
information, including its trade secrets. 
 In addition, at all times during the period of your Yelp employment and for the one (1) year
period thereafter, you will not, directly or indirectly, either for yourself or on behalf of another company, (i) recruit or otherwise solicit any Yelp employee or contributor to terminate his or her relationship with Yelp, or
(ii) interfere or attempt to interfere with any existing relationship between Yelp and any Yelp customer. 
 Nothing in this Section 6
is intended to restrain you in any manner from engaging in any lawful profession, trade or business of any kind. 
 7.
Conflicts & Competition. You represent that the performance of your duties in your current position will not violate the terms of any agreements you may have with others, including any former employer. You also understand that
in your work for Yelp, you are prohibited from using or disclosing any confidential, proprietary or trade secret information of any former employer or other person to whom you have an obligation of confidentiality. Rather, you may use only
information that is generally known and used by persons with training and experience comparable to your own, is common knowledge in the industry or otherwise legally in the public domain, or is otherwise provided or developed by Yelp. You agree that
you have not brought, and you will not bring, onto Yelp premises or use in your work for Yelp any unpublished documents or property belonging to any former employer or third party that you are not authorized to use and disclose. You represent
further that you have disclosed to Yelp any contract you have signed that might restrict your activities on behalf of Yelp. 
 8. Dispute
Resolution. Nothing in this Letter modifies the terms of the Dispute Resolution Policy which you previously entered into with the Company. 
 9. Section 409A. Notwithstanding anything to the contrary in this Letter, it is intended that the benefits and other payments payable under this Letter satisfy, to the greatest extent
possible, the exemptions from the application of Section 409A of the Code provided under Treasury Regulations Sections 1.409A-1(b)(4), 1.409A-1(b)(5), and 1.409A-(b)(9) and this Letter will be construed to the greatest extent possible as
consistent with those provisions. For purposes of Section 409A of the Code and the regulations and other guidance thereunder and any state law of similar effect (collectively, “Section 409A”) (including, without
limitation, Treasury Regulations Section 1.409A-2(b)(2)(iii)), all payments made under this Letter and the Severance Plan will be 

  
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treated as a right to receive a series of separate payments and, accordingly, each installment payment will at all times be considered a separate and distinct payment. 

It is intended that any payment and any other benefits provided under this Letter or the Severance Plan that are not exempt from
application of Section 409A will be interpreted and administered so as to comply with the requirements of Section 409A to the greatest extent possible, including the requirement that, notwithstanding any provision to the contrary in this
Letter or the Severance Plan, if you are deemed by the Company at the time of your Separation from Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, and to the extent any payments due to you by
the Company upon a Separation from Service are deemed to be “deferred compensation,” then to the extent delayed commencement of any portion of such payments (or delayed issuance of any shares subject to equity awards that are not
themselves exempt from Section 409A) is required to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code and the related adverse taxation under Section 409A, such payments will not be provided to you (or such
shares issued) prior to the earliest of (a) the expiration of the six month period measured from the date of your Separation from Service with the Company, (b) the date of your death, or (c) such earlier date as permitted under
Section 409A without the imposition of adverse taxation, and on the first business day following the expiration of such applicable Code Section 409A(a)(2)(B)(i) period, all payments deferred pursuant to this paragraph will be paid in a
lump sum to you, and any remaining payments due will be paid as otherwise provided in this Letter or the Severance Plan, without interest. 

10. At Will Employment. While we look forward to a long and profitable relationship, you will be an at will employee of the Company, which
means the employment relationship can be terminated by either of us for any reason, at any time, with or without prior notice and with or without cause. However, given the prominent nature of your role with the company, we ask that you provide a
minimum of sixty (60) days’ advance notice if you decide to terminate your employment relationship with Yelp. During this time, we would expect you to perform your customary job duties, and assist as requested by Yelp in transitioning
outstanding projects, tasks and relationships to other Yelp personnel. That said, nothing in this paragraph is intended to alter your at will employment relationship with Yelp, and your employment will remain on an at will basis. Any statements or
representations to the contrary (and any statements contradicting any provision in this Letter) should be regarded by you as ineffective. Further, your participation in any stock incentive or benefit program is not to be regarded as assuring you of
continuing employment for any particular period of time. Any modification or change in your at will employment status may occur only by way of a written employment agreement signed by you and an authorized member of the Board of Directors.

 11. Entire Agreement. This Letter, including your Confidentiality Agreement, and any other documents referred to herein,
constitute the entire agreement and understanding of the parties with respect to the subject matter of this Letter, and supersede any and all prior understandings and agreements, whether oral or written, between or among the parties hereto with
respect to the specific subject matter hereof. 
 12. Severability. You understand that any violation of Sections 5, 6 or 7 could
irreparably harm Yelp’s business and/or its growth potential and that, as such, Yelp may seek damages from you, in accordance with applicable law. If any provision of this Letter or any portion thereof is

  
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declared invalid, illegal, or incapable of being enforced by any court of competent jurisdiction, the remainder of such provisions and all of the remaining provisions of this Letter agreement
shall continue in full force and effect. 
 13. Acceptance. Please sign the enclosed copy of this Letter in the space indicated
and return it to me. Your signature will acknowledge that you have read and understood and agreed to the terms and conditions of this Letter and the attached documents, if any. Should you have anything else that you wish to discuss, please do not
hesitate to call me. 
 We look forward to your continued employment with the Company. 

 

	
	Very truly yours,
	
	/s/ Rob Krolik
	
	YELP INC.
	Rob Krolik, CFO

 I have read and understood this Letter and hereby acknowledge, accept and agree to the terms as set forth above and
further acknowledge that no other commitments were made to me as part of the terms of my employment except as specifically set forth herein. 
  

							
	 /s/ Jeremy Stoppelman
	 		 	Date signed:	 	 February 3, 2012

	Jeremy Stoppelman	 		 		 	

  
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