Document:

EX-10.2

 Exhibit 10.2 

PROCORE TECHNOLOGIES, INC. 

2014 EQUITY INCENTIVE PLAN 
  

	1.	 Establishment, Purpose and Types of Awards 

Procore Technologies, Inc., a Delaware corporation (the “Company”), hereby establishes the PROCORE
TECHNOLOGIES, INC. 2014 EQUITY INCENTIVE PLAN (the “Plan”). The purpose of the Plan is to promote the long-term growth and profitability of the Company by (i) providing key people with incentives to improve
stockholder value and to contribute to the growth and financial success of the Company through their future services, and (ii) enabling the Company to attract, retain and reward the best-available personnel. 

The Plan permits the granting of stock options (including incentive stock options qualifying under Code section 422 and nonstatutory stock
options), stock appreciation rights, restricted or unrestricted stock awards, phantom stock, restricted stock units, performance awards, other stock-based awards, or any combination of the foregoing. 

 

	2.	 Definitions 

Under this Plan, except where the context otherwise indicates, the following definitions apply: 

(a) “Administrator” means the Board or the committee(s) or officer(s) appointed by the Board that have authority to
administer the Plan as provided in Section 3 hereof. 
 (b) “Affiliate” means any entity, whether now or
hereafter existing, which controls, is controlled by, or is under common control with, the Company (including, but not limited to, joint ventures, limited liability companies, and partnerships). For this purpose, “control”
shall mean ownership of 50% or more of the total combined voting power or value of all classes of stock or interests of the entity, or the power to direct the management and policies of the entity, by contract or otherwise. 

(c) “Award” means any stock option, stock appreciation right, stock award, phantom stock award, restricted stock unit
award, performance award, or other stock-based award. 
 (d) “Board” means the Board of Directors of the Company.

 (e) “Change in Control” means: (i) the acquisition (other than from the Company) in one or more transactions
by any Person, as defined in this Section 2(e), of the beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended) of 50% or more of
(A) the then outstanding shares of the securities of the Company, or (B) the combined voting power of the then outstanding securities of the Company entitled to vote generally in the election of directors (the “Company Voting
Stock”); (ii) the closing of a sale or other conveyance of all or substantially all of the assets of the Company; or (iii) the effective time of any merger, share exchange, consolidation, or other business combination involving the
Company if immediately after such transaction persons who hold a majority of the outstanding voting securities entitled to vote generally in the election of directors 

  
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 of the surviving entity (or the entity owning 100% of such surviving entity) are not persons who,
immediately prior to such transaction, held the Company Voting Stock; and provided, however, that a Change in Control shall not include (x) any consolidation or merger effected exclusively to change the domicile of the Company;
(y) any transaction or series of transactions principally for bona fide equity financing purposes in which cash is received by the Company or indebtedness of the Company is cancelled or converted or a combination thereof; or (z) a public
offering of capital stock of the Company that for purposes of any Award or subplan that constitutes a “nonqualified deferred compensation plan,” within the meaning of Code section 409A, the Administrator, in its discretion, may specify a
different definition of Change in Control in order to comply with or cause an Award to be exempt from the provisions of Code section 409A. 

For purposes of this Section 2(e), a “Person” means any individual, entity or group within the meaning of
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended, other than: employee benefit plans sponsored or maintained by the Company and by entities controlled by the Company or an underwriter of the Common Stock in a
registered public offering. 
 (f) “Code” means the Internal Revenue Code of 1986, as amended, and any regulations
promulgated thereunder. 
 (g) “Common Stock” means shares of common stock of the Company, par value of $0.0001 per
share. 
 (h) “Fair Market Value” means, with respect to the Common Stock, as of any date: 

(i) if the principal market for the Common Stock (as determined by the Administrator if the Common Stock is listed or admitted to trading on
more than one exchange or market) is a national securities exchange or an established securities market, the official closing price per share of Common Stock for the regular market session on that date on the principal exchange or market on which
the Common Stock is then listed or admitted to trading or, if no sale is reported for that date, on the last preceding day for which a sale was reported; 

(ii) if the principal market for the Common Stock is not a national securities exchange or an established securities market, the average of
the highest bid and lowest asked prices for the Common Stock on that date as reported on a national quotation system or, if no prices are reported for that date, on the last preceding day for which prices were reported; or 

(iii) if the Common Stock is neither listed or admitted to trading on a national securities exchange or an established securities market, nor
quoted by a national quotation system, the value determined by the Administrator in good faith by the reasonable application of a reasonable valuation method. 

(i) “Grant Agreement” means a written document, including an electronic writing acceptable to the Administrator,
memorializing the terms and conditions of an Award granted pursuant to the Plan and which shall incorporate the terms of the Plan. 

  
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	3.	 Administration 

(a) Administration of the Plan. The Plan shall be administered by the Board or by such committee or committees as may be
appointed by the Board from time to time. To the extent allowed by applicable state law, the Board by resolution may authorize an officer or officers to grant Awards (other than stock Awards) to other officers and employees of the Company and its
Affiliates, and, to the extent of such authorization, such officer or officers shall be the Administrator. 
 (b) Powers of the
Administrator. The Administrator shall have all the powers vested in it by the terms of the Plan, such powers to include authority, in its sole and absolute discretion, to grant Awards under the Plan, prescribe Grant Agreements evidencing
such Awards and establish programs for granting Awards. 
 The Administrator shall have full power and authority to take all other actions
necessary to carry out the purpose and intent of the Plan, including, but not limited to, the authority to: (i) determine the eligible persons to whom, and the time or times at which Awards shall be granted; (ii) determine the types of Awards
to be granted; (iii) determine the number of shares to be covered by or used for reference purposes for each Award; (iv) impose such terms, limitations, restrictions and conditions upon any such Award as the Administrator shall deem
appropriate; (v) modify, amend, extend or renew outstanding Awards, or accept the surrender of outstanding Awards and substitute new Awards; provided however, that, except as otherwise permitted under Section 7(d) of the Plan, any
modification, amendment, extension, renewal or substitution that would materially adversely affect any outstanding Award shall not be made without the consent of the holder, but if any of the foregoing actions results in a change in the tax
consequences with respect to an Award such change shall not be considered to be a material adverse affect on the Award; (vi) accelerate or otherwise change the time in which an Award may be exercised or becomes payable and to waive or
accelerate the lapse, in whole or in part, of any restriction or condition with respect to such Award, including, but not limited to, any restriction or condition with respect to the vesting or exercisability of an Award following termination of any
grantee’s employment or other relationship with the Company; (vii) establish objectives and conditions, if any, for earning Awards and determining whether Awards will be paid with respect to a performance period; and (viii) for any
purpose, including but not limited to, qualifying for preferred tax treatment under foreign tax laws or otherwise complying with the regulatory requirements of local or foreign jurisdictions, to establish, amend, modify, administer or terminate sub-plans, and prescribe, amend and rescind rules and regulations relating to such sub-plans. 

The Administrator shall have full power and authority, in its sole and absolute discretion, to administer, construe and interpret the Plan,
Grant Agreements and all other documents relevant to the Plan and Awards issued thereunder, to establish, amend, rescind and interpret such rules, regulations, agreements, guidelines and instruments for the administration of the Plan and for the
conduct of its business as the Administrator deems necessary or advisable, and to correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any Award in the manner and to the extent the Administrator shall deem it
desirable to carry it into effect. 

  
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 (c) Non-Uniform Determinations. The
Administrator’s determinations under the Plan (including without limitation, determinations of the persons to receive Awards, the form, amount and timing of such Awards, the terms and provisions of such Awards, and the Grant Agreements
evidencing such Awards, and the ramifications of a Change in Control upon outstanding Awards) need not be uniform and may be made by the Administrator selectively among Awards or persons who receive, or are eligible to receive, Awards under the
Plan, whether or not such persons are similarly situated. 
 (d) Limited Liability. To the maximum extent permitted by law, no member
of the Administrator shall be liable for any action taken or decision made in good faith relating to the Plan or any Award thereunder. 

(e) Indemnification. To the maximum extent permitted by law and by the Company’s charter and
by-laws, the members of the Administrator shall be indemnified by the Company in respect of all their activities under the Plan. 

(f) Effect of Administrator’s Decision. All actions taken and decisions and determinations made by the Administrator on all
matters relating to the Plan pursuant to the powers vested in it hereunder shall be in the Administrator’s sole and absolute discretion and shall be conclusive and binding on all parties concerned, including the Company, its stockholders, any
participants in the Plan and any other employee, consultant, or director of the Company, and their respective successors in interest. 
  

	4.	 Shares Available for the Plan; Maximum Awards 

(a) Subject to adjustments as provided in Section 7(d) of the Plan, the shares of Common Stock that may be issued with respect to Awards
granted under the Plan shall not exceed an aggregate of Eleven Million Three Hundred Seventy One Thousand Four Hundred And Sixty (11,371,460) shares of Common Stock. The Company shall reserve such number of shares of Common Stock for Awards under
the Plan, subject to adjustments as provided in Section 7(d) of the Plan. If any Award, or portion of an Award, under the Plan expires or terminates unexercised, becomes unexercisable, is settled in cash without delivery of shares of Common
Stock, or is forfeited or otherwise terminated, surrendered or canceled as to any shares, or if any shares of Common Stock are repurchased by or surrendered to the Company in connection with any Award (whether or not such surrendered shares were
acquired pursuant to any Award), or if any shares are withheld by the Company, the shares subject to such Award and the repurchased, surrendered and withheld shares shall thereafter be available for further Awards under the Plan; provided,
however, that any such shares that are surrendered to or repurchased or withheld by the Company in connection with any Award or that are otherwise forfeited after issuance shall not be available for purchase pursuant to incentive stock options
intended to qualify under Code section 422. 

  
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	5.	 Participation 

Participation in the Plan shall be open to all employees, officers, and directors of, and other individuals providing bona fide services to or
for, the Company, or of any Affiliate of the Company, as may be selected by the Administrator from time to time. The Administrator may also grant Awards to individuals in connection with hiring, retention or otherwise, prior to the date the
individual first performs services for the Company or an Affiliate, provided that such Awards shall not become vested or exercisable, and no shares shall be issued to such individual, prior to the date the individual first commences performance of
such services. 
  

	6.	 Awards 

The Administrator, in its sole discretion, establishes the terms of all Awards granted under the Plan. Awards may be granted individually or in
tandem with other types of Awards, concurrently with or with respect to outstanding Awards. All Awards are subject to the terms and conditions provided in the Grant Agreement. 

(a) Stock Options. The Administrator may from time to time grant to eligible participants Awards of incentive stock options as
that term is defined in Code section 422 or nonstatutory stock options; provided, however, that Awards of incentive stock options shall be limited to employees of the Company or of any current or hereafter existing “parent
corporation” or “subsidiary corporation,” as defined in Code sections 424(e) and (f), respectively, of the Company and any other individuals who are eligible to receive incentive stock options under the provisions of Code
section 422. Options intended to qualify as incentive stock options under Code section 422 must have an exercise price at least equal to Fair Market Value as of the date of grant, but nonstatutory stock options may be granted with an exercise price
less than Fair Market Value. No stock option shall be an incentive stock option unless so designated by the Administrator at the time of grant or in the Grant Agreement evidencing such stock option. 

(b) Stock Appreciation Rights. The Administrator may from time to time grant to eligible participants Awards of Stock
Appreciation Rights (“SAR”). A SAR entitles the grantee to receive, subject to the provisions of the Plan and the Grant Agreement, a payment having an aggregate value equal to the product of (i) the excess of
(A) the Fair Market Value on the exercise date of one share of Common Stock over (B) the base price per share specified in the Grant Agreement, times (ii) the number of shares specified by the SAR, or portion thereof, which is
exercised. The base price per share specified in the Grant Agreement shall not be less than the lower of the Fair Market Value on the grant date or the exercise price of any tandem stock option Award to which the SAR is related. No SAR shall have a
term longer than ten years’ duration. Payment by the Company of the amount receivable upon any exercise of an SAR may be made by the delivery of Common Stock or cash, or any combination of Common Stock and cash, as determined in the sole
discretion of the Administrator. If upon settlement of the exercise of an SAR a grantee is to receive a portion of such payment in shares of Common Stock, the number of shares shall be determined by dividing such portion by the Fair Market Value of
a share of Common Stock on the exercise date. No fractional shares shall be used for such payment and the Administrator shall determine whether cash shall be given in lieu of such fractional shares or whether such fractional shares shall be
eliminated. 
 (c) Stock Awards. The Administrator may from time to time grant restricted or unrestricted stock Awards to
eligible participants in such amounts, on such terms and conditions, and for such consideration, including no consideration or such minimum consideration as may be required by law, as it shall determine. A stock Award may be paid in Common Stock, in
cash, or in a combination of Common Stock and cash, as determined in the sole discretion of the Administrator. 

  
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 (d) Phantom Stock Units. The Administrator may from time to time grant Awards to
eligible participants denominated in stock-equivalent units or restricted stock units (“phantom stock units”) in such amounts and on such terms and conditions as it shall determine. Phantom
stock units granted to a participant shall be credited to a bookkeeping reserve account solely for accounting purposes and shall not require a segregation of any of the Company’s assets. An Award of phantom stock units may be settled in
Common Stock, in cash, or in a combination of Common Stock and cash, as determined in the sole discretion of the Administrator. Except as otherwise provided in the applicable Grant Agreement, the grantee shall not have the rights of a stockholder
with respect to any shares of Common Stock represented by a phantom stock unit solely as a result of the grant of a phantom stock unit to the grantee. 

(e) Performance Awards. The Administrator may, in its discretion, grant performance awards which become payable on account of
attainment of one or more performance goals established by the Administrator. Performance awards may be paid by the delivery of Common Stock or cash, or any combination of Common Stock and cash, as determined in the sole discretion of the
Administrator. Performance goals established by the Administrator may be based on the Company’s or an Affiliate’s operating income or one or more other business criteria selected by the Administrator that apply to an individual or group of
individuals, a business unit, or the Company or an Affiliate as a whole, over such performance period as the Administrator may designate. 

(f) Other Stock-Based Awards. The Administrator may from time to time grant other stock-based awards to eligible participants in
such amounts, on such terms and conditions, and for such consideration, including no consideration or such minimum consideration as may be required by law, as it shall determine. Other stock-based awards may be denominated in cash, in Common Stock
or other securities, in stock-equivalent units, in stock appreciation units, in securities or debentures convertible into Common Stock, or in any combination of the foregoing and may be paid in Common Stock or other securities, in cash, or in a
combination of Common Stock or other securities and cash, all as determined in the sole discretion of the Administrator. 
  

	7.	 Miscellaneous 

(a) Withholding of Taxes. Grantees and holders of Awards shall pay to the Company or its Affiliate, or make provision
satisfactory to the Administrator for payment of, any taxes required to be withheld in respect of Awards under the Plan no later than the date of the event creating the tax liability. The Company or its Affiliate may, to the extent permitted by law,
deduct any such tax obligations from any payment of any kind otherwise due to the grantee or holder of an Award. In the event that payment to the Company or its Affiliate of such tax obligations is made in shares of Common Stock, such shares shall
be valued at Fair Market Value on the applicable date for such purposes and shall not exceed in amount the minimum statutory tax withholding obligation. 

  
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 (b) Loans. To the extent otherwise permitted by law, the Company or its Affiliate
may make or guarantee loans to grantees to assist grantees in exercising Awards and satisfying any withholding tax obligations. 
 (c)
Transferability. Except as otherwise determined by the Administrator, and in any event in the case of an incentive stock option or a stock appreciation right granted with respect to an incentive stock option, no Award granted under the
Plan shall be transferable by a grantee otherwise than by will or the laws of descent and distribution. Unless otherwise determined by the Administrator in accord with the provisions of the immediately preceding sentence, an Award may be exercised
during the lifetime of the grantee, only by the grantee or, during the period the grantee is under a legal disability, by the grantee’s guardian or legal representative. 

(d) Adjustments for Corporate Transactions and Other Events. 

(i) Stock Dividend, Stock Split and Reverse Stock Split. In the event of a stock dividend of, or stock split or reverse stock
split affecting, the Common Stock, (A) the maximum number of shares of such Common Stock as to which Awards may be granted under this Plan, as provided in Section 4 of the Plan, and (B) the number of shares covered by and the exercise
price and other terms of outstanding Awards, shall, without further action of the Board, be adjusted to reflect such event. The Administrator may make adjustments, in its discretion, to address the treatment of fractional shares and fractional cents
that arise with respect to outstanding Awards as a result of the stock dividend, stock split or reverse stock split. 
 (ii) Non-Change in Control Transactions. Except with respect to the transactions set forth in Section 7(d)(i), in the event of any change affecting the Common Stock, the Company or its capitalization, by reason of a
spin-off, split-up, dividend, recapitalization, merger, consolidation or share exchange, other than any such change that is part of a transaction resulting in a Change
in Control of the Company, the Administrator, in its discretion and without the consent of the holders of the Awards, may make (A) appropriate adjustments to the maximum number and kind of shares reserved for issuance or with respect to which
Awards may be granted under the Plan, as provided in Section 4 of the Plan; and (B) any adjustments in outstanding Awards, including but not limited to modifying the number, kind and price of securities subject to Awards, as the
Administrator determines to be appropriate and equitable. 
 (iii) Change in Control Transactions. In the event of any transaction resulting
in a Change in Control of the Company, outstanding stock options and other Awards that are payable in or convertible into Common Stock under this Plan will terminate upon the effective time of such Change in Control unless provision is made in
connection with the transaction for the continuation or assumption of such Awards by, or for the substitution of equivalent awards, as determined in the sole discretion of the Administrator, of, the surviving or successor entity or a parent thereof.
In the event of such termination, the holders of stock options and other Awards under the Plan will be permitted, immediately before the Change in Control, to exercise or convert all portions of such stock options or other Awards under the Plan that
are then exercisable or convertible or which become exercisable or convertible upon or prior to the effective time of the Change in Control. Notwithstanding any other provision of the Plan to the contrary, in the event of a Change in Control, the
Administrator may, in its sole discretion, take 

  
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such actions as it deems appropriate in connection with such Change in Control to provide for the full or partial acceleration of the exercisability of any or all outstanding stock options or
other Awards, subject to compliance with Section 409A of the Code. There will be no automatic acceleration of the exercisability of any or all outstanding stock options or other Awards upon a Change in Control unless otherwise determined by the
Administrator. If, immediately before the Change in Control, no stock of the Company is readily tradeable on an established securities market or otherwise, and the vesting of an Award or Awards pursuant to this Section 7(d)(iii) or the terms of
the applicable Grant Agreement would be treated as a “parachute payment” (as defined in section 280G of the Code), then such Award or Awards shall not vest unless the requirements of the shareholder approval exemption of section 280G(b)(5)
of the Code have been satisfied with respect to such Award or Awards. 
 (iv) Unusual or Nonrecurring Events. The Administrator is
authorized to make, in its discretion and without the consent of holders of Awards, adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events affecting the Company, or
the financial statements of the Company or any Affiliate, or of changes in applicable laws, regulations, or accounting principles, whenever the Administrator determines that such adjustments are appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available under the Plan; provided that no such adjustment shall be made in contravention of Code section 409A with respect to any Award that constitutes a deferred
compensation arrangement within the meaning of Code section 409A. 
 (e) Substitution of Awards in Mergers and Acquisitions. Awards
may be granted under the Plan from time to time in substitution for awards held by employees, officers, consultants or directors of entities who become or are about to become employees, officers, consultants or directors of the Company or an
Affiliate as the result of a merger or consolidation of the employing entity with the Company or an Affiliate, or the acquisition by the Company or an Affiliate of the assets or stock of the employing entity. The terms and conditions of any
substitute Awards so granted may vary from the terms and conditions set forth herein to the extent that the Administrator deems appropriate at the time of grant to conform the substitute Awards to the provisions of the awards for which they are
substituted. 
 (f) Other Agreements. As a condition precedent to the grant of any Award under the Plan, the exercise pursuant
to such an Award, or to the delivery of certificates for shares issued pursuant to any Award, the Administrator may require the grantee or the grantee’s successor or permitted transferee, as the case may be, to become a party to a stock
restriction agreement, shareolders’ agreement, voting trust agreement, voting agreement, right of first refusal agreement, co-sale agreement, lock-up agreement, or
other agreements regarding the Common Stock of the Company in such form(s) as the Administrator may determine from time to time in its sole discretion. 

(g) Termination, Amendment and Modification of the Plan. The Board may terminate, amend or modify the Plan or any portion thereof
at any time. Except as otherwise determined by the Board, termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of
such termination. 

  
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 (h) Non-Guarantee of Employment or Service.
Nothing in the Plan or in any Grant Agreement thereunder shall confer any right on an individual to continue in the service of the Company or shall interfere in any way with the right of the Company to terminate such service at any time with
or without cause or notice and whether or not such termination results in (i) the failure of any Award to vest; (ii) the forfeiture of any unvested or vested portion of any Award; and/or (iii) any other adverse effect on the
individual’s interests under the Plan. 
 (i) Compliance with Securities Laws; Listing and Registration. If at any time the
Administrator determines that the delivery of Common Stock under the Plan is or may be unlawful under the laws of any applicable jurisdiction, or Federal, state or foreign securities laws, the right to exercise an Award or receive shares of
Common Stock pursuant to an Award shall be suspended until the Administrator determines that such delivery is lawful. If at any time the Administrator determines that the delivery of Common Stock under the Plan would or may violate the rules of the
national exchange on which the shares are then listed for trade, the right to exercise an Award or receive shares of Common Stock pursuant to an Award shall be suspended until the Administrator determines that such delivery would not violate such
rules. The Company shall have no obligation to effect any registration or qualification of the Common Stock under Federal, state or foreign laws. The Company may require that a grantee, as a condition to exercise of an Award, and as a condition to
the delivery of any share certificate, make such written representations (including representations to the effect that such person will not dispose of the Common Stock so acquired in violation of Federal, state or foreign securities laws) and
furnish such information as may, in the opinion of counsel for the Company, be appropriate to permit the Company to issue the Common Stock in compliance with applicable Federal, state or foreign securities laws. The stock certificates for any shares
of Common Stock issued pursuant to this Plan may bear a legend restricting transferability of the shares of Common Stock unless such shares are registered or an exemption from registration is available under the Securities Act of 1933, as amended,
and applicable state or foreign securities laws. 
 (j) No Trust or Fund Created. Neither the Plan nor any Award shall create or be
construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and a grantee or any other person. To the extent that any grantee or other person acquires a right to receive payments from the Company
pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company. 
 (k) Governing
Law. The validity, construction and effect of the Plan, of Grant Agreements entered into pursuant to the Plan, and of any rules, regulations, determinations or decisions made by the Administrator relating to the Plan or such Grant
Agreements, and the rights of any and all persons having or claiming to have any interest therein or thereunder, shall be determined exclusively in accordance with applicable federal laws and the laws of the State of Delaware, without regard to its
conflict of laws principles. 
 (l) 409A Savings Clause. The Plan and all Awards granted hereunder are intended to comply with,
or otherwise be exempt from, Code section 409A. The Plan and all Awards granted under the Plan shall be administered, interpreted, and construed in a manner consistent with Code section 409A to the extent necessary to avoid the imposition of
additional taxes under Code section 409A(a)(1)(B). Should any provision of the Plan, any Grant Agreement, or any 

  
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other agreement or arrangement contemplated by the Plan be found not to comply with, or otherwise be exempt from, the provisions of Code section 409A, such provision shall be modified and given
effect (retroactively if necessary), in the sole discretion of the Administrator, and without the consent of the holder of the Award, in such manner as the Administrator determines to be necessary or appropriate to comply with, or to effectuate an
exemption from, Code section 409A. Notwithstanding anything in the Plan to the contrary, in no event shall the Administrator exercise its discretion to accelerate the payment or settlement of an Award where such payment or settlement constitutes
deferred compensation within the meaning of Code section 409A unless, and solely to the extent that, such accelerated payment or settlement is permissible under Treasury Regulation section 1.409A-3(j)(4) or
any successor provision. 
 (m) Effective Date; Termination Date. The Plan is effective as of the date on which the Plan is
adopted by the Board, subject to approval of the stockholders within twelve months before or after such date. No Award shall be granted under the Plan after the close of business on the day immediately preceding the tenth anniversary of the
effective date of the Plan, or if earlier, the tenth anniversary of the date this Plan is approved by the stockholders. Subject to other applicable provisions of the Plan, all Awards made under the Plan prior to such termination of the Plan shall
remain in effect until such Awards have been satisfied or terminated in accordance with the Plan and the terms of such Awards. 

  
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 APPENDIX A 

PROVISIONS FOR CALIFORNIA RESIDENTS 

With respect to Awards granted to California residents prior to a public offering of capital stock of the Company that is effected pursuant to
a registration statement filed with, and declared effective by, the Securities and Exchange Commission under the Securities Act of 1933, as amended, and only to the extent required by applicable law, the following provisions shall apply
notwithstanding anything in the Plan or a Grant Agreement to the contrary: 
 1. With respect to any Award granted in the form of a stock option pursuant to
Section 6(a) of the Plan: 
 (a) The exercise period shall be no more than 120 months from the date the option is granted. 

(b) The options shall be non-transferable other than by will, by the laws of descent and distribution,
or, if and to the extent permitted under the Grant Agreement, to a revocable trust or as permitted by Rule 701 of the Securities Act of 1933, as amended (17 C.F.R. 230.701). 

(c) Unless employment is terminated for “cause” as defined by applicable law, the terms of the Plan or Grant Agreement, or a contract
of employment, the right to exercise the option in the event of termination of employment, to the extent that the Award recipient is entitled to exercise on the date employment terminates, will continue until the earlier of the option expiration
date, or: 
 (1) At least 6 months from the date of termination if termination was caused by death or disability. 

(2) At least 30 days from the date of termination if termination was caused by other than death or disability. 

2. With respect to an Award, granted pursuant to Section 6(c) of the Plan, that provides the Award recipient the right to purchase stock, the Award shall
be non-transferable other than by will, by the laws of descent and distribution, or, if and to the extent permitted under the Grant Agreement, to a revocable trust or as permitted by Rule 701 of the Securities
Act of 1933, as amended (17 C.F.R. 230.701). 
 3. The Plan shall have a termination date of not more than 10 years from the date the Plan is adopted by the
Board or the date the Plan is approved by the security holders, whichever is earlier. 
 4. Security holders representing a majority of the Company’s
outstanding securities entitled to vote must approve the Plan by the later of (a) 12 months after the date the Plan is adopted or (b) 12 months after the granting of any Award to a resident of California. Any option exercised or any securities
purchased before security holder approval is obtained must be rescinded if security holder approval is not obtained within the period described in the preceding sentence. Such securities shall not be counted in determining whether such approval is
obtained. 

  
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 5. At the discretion of the Administrator, the Company may reserve to itself and/or its assignee(s) in the
Grant Agreement or any applicable stock restriction agreement a right to repurchase securities held by an Award recipient upon such Award recipient’s termination of employment at any time within six months after such Award recipient’s
termination date (or in the case of securities issued upon exercise of an option after the termination date, within six months after the date of such exercise) for cash or cancellation of purchase money indebtedness, at: 

(A) no less than the Fair Market Value of such securities as of the date of the Award recipient’s termination of employment,
provided, that such right to repurchase securities terminates when the Company’s securities have become publicly traded; or 

(B) the Award recipient’s original purchase price, provided, that such right to repurchase securities at the original purchase
price lapses at the rate of at least 20% of the securities per year over 5 years from the date the option is granted (without respect to the date the option was exercised or became exercisable). 

The securities held by an officer, director, manager or consultant of the Company or an affiliate may be subject to additional or greater
restrictions. 
 6. The Company will provide financial statements to each Award recipient annually during the period such individual has Awards outstanding,
or as otherwise required under Section 260.140.46 of Title 10 of the California Code of Regulations. Notwithstanding the foregoing, the Company will not be required to provide such financial statements to Award recipients when the Plan complies
with all conditions of Rule 701 of the Securities Act of 1933, as amended (17 C.F.R. 230.701); provided that for purposes of determining such compliance, any registered domestic partner shall be considered a “family member” as that term is
defined in Rule 701. 
 7. The Plan is intended to comply with Section 25102(o) of the California Corporations Code. Any provision of this Plan which is
inconsistent with Section 25102(o), including without limitation any provision of this Plan that is more restrictive than would be permitted by Section 25102(o) as amended from time to time, shall, without further act or amendment by the
Board, be reformed to comply with the provisions of Section 25102(o). If at any time the Administrator determines that the delivery of Common Stock under the Plan is or may be unlawful under the laws of any applicable jurisdiction, or federal
or state securities laws, the right to exercise an Award or receive shares of Common Stock pursuant to an Award shall be suspended until the Administrator determines that such delivery is lawful. The Company shall have no obligation to effect any
registration or qualification of the Common Stock under federal or state laws. 

  
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 AMENDMENT TO 

PROCORE TECHNOLOGIES, INC. 

2014 EQUITY INCENTIVE PLAN 

RECITALS 
 A.
PROCORE TECHNOLOGIES, INC., a corporation organized under the laws of the State of Delaware (the “Company”), established the Company’s 2014 Equity Incentive Plan,
as amended (the “Plan”); 
 B. The Company now wishes to amend the Plan to increase the number of shares of
Common Stock reserved for issuance under the Plan by 2,500,000 shares to an aggregate of 34,712,969. 
 AMENDMENT 

1. The first sentence of Section 4(a) of the Plan is hereby amended and restated in its entirety as follows: 

“Subject to adjustments as provided in Section 7(d) of the Plan, the shares of Common Stock that may be issued with respect to Awards
granted under the Plan shall not exceed an aggregate of 34,712,969 shares of Common Stock.” 
 2. Except as set forth in this
amendment, the Plan shall be unaffected hereby and shall remain in full force and effect. 
 [SIGNATURE PAGE
FOLLOWS] 

  

 IN WITNESS WHEREOF, the
Company has caused this Amendment to the Plan to be executed as of this 30th day of August, 2019. 
  

			
	THE COMPANY:
	
	PROCORE TECHNOLOGIES, INC.
		
	By:	 	 /s/ Craig F. Courtemanche, Jr.

	Print: Craig F. Courtemanche, Jr.
	Title: Chief Executive Officer

 SIGNATURE PAGE TO AMENDMENT TO
2014 EQUITY INCENTIVE PLAN (AUGUST 30, 2019 INCREASE) 

  

 PROCORE TECHNOLOGIES, INC. 

2014 EQUITY INCENTIVE PLAN 

UK CSOP SUB-PLAN 
 CSOP
OPTIONS FOR UK ELIGIBLE EMPLOYEES 
  

	1	 GENERAL 

This sub-plan to the Procore Technologies, Inc. 2014 Equity Incentive Plan (“the
Plan”) is intended to take effect as a Schedule 4 Company Share Option Plan (“the CSOP Sub-Plan”). 
  

	2	 ESTABLISHMENT OF CSOP
SUB-PLAN 

 Procore Technologies, Inc. (“the
Company”) has established the CSOP Sub-Plan under Section 3(b) of the Plan, which authorises the Board to establish sub-plans to the Plan. 

 

	3	 PURPOSE OF CSOP SUB-PLAN

 The purpose of the CSOP Sub-Plan is to enable the grant to, and subsequent
exercise by, employees and directors in the United Kingdom, on a tax favoured basis, of options to acquire shares in the Company under the Plan. 
  

	4	 COMPLIANCE 

The CSOP Sub-Plan is intended to comply with Schedule 4 to ITEPA 2003. 

 

	5	 RULES OF CSOP SUB-PLAN

 The rules of the Plan, in their present form and as amended from time to time, shall, with the modifications set out
in this sub-plan, form the rules of the CSOP Sub-Plan. In the event of any conflict between the rules of the Plan and this
sub-plan, the sub-plan shall prevail. 
  

	6	 RELATIONSHIP OF CSOP SUB-PLAN
TO PLAN 

 The CSOP Sub-Plan
shall form part of the Plan and not a separate and independent plan. 
  

	7	 INTERPRETATION 

In the CSOP Sub-Plan, unless the context otherwise requires, the following words and expressions have
the following meanings: 
  

	 	(a)	 “Acquiring Company” is a company which obtains Control of the Company in the circumstances
referred to in rule 26; 

  

	 	(b)	 “Adoption Date” is the date on which the CSOP Sub-Plan
is adopted by the Board; 

  
 1 

	 	(c)	 “Associate” has the meaning given to that expression by paragraph 12 of Schedule 4;

  

	 	(d)	 “Constituent Company” means any of the following: 

 

	 	(i)	 the Company; and 

  

	 	(ii)	 any Eligible Company nominated by the Board to be a Constituent Company at the relevant time.

  

	 	(e)	 “Control” has the meaning given to that word by Section 719 of ITEPA 2003 and
“Controlled” shall be construed accordingly; 

  

	 	(f)	 “Date of Grant” is the date on which an Option is granted under the CSOP Sub-Plan; 

  

	 	(g)	 “Eligible Company” means any company of which the Company has Control, including any jointly
owned company (as defined in paragraph 34 of Schedule 4): 

  

	 	(i)	 which is treated as being under the Company’s Control under paragraph 34 of Schedule 4; and

  

	 	(ii)	 which is not excluded from being a Constituent Company under paragraph 34(4) of Schedule 4;

  

	 	(h)	 “Eligible Employee” means any Employee who: 

 

	 	(i)	 does not have a Material Interest (either on his own or together with one or more of his Associates), and has
not had such an interest in the last 12 months; and 

  

	 	(ii)	 has no Associate or Associates which has or (taken together) have a Material Interest, or had such an interest
in the last 12 months; and 

  

	 	(iii)	 is either: 

  

	 	(A)	 not a director of any Constituent Company; or 

 

	 	(B)	 a director of a Constituent Company who is required to devote at least 25 hours per week (excluding meal
breaks) to his duties; 

  

	 	(i)	 “Employee” means an employee of a Constituent Company; 

 

	 	(j)	 “Employer NICs” means secondary class 1 (employer) NICs that are included in any Tax Liability
(or that would be included in any Tax Liability if an election of the type referred to in rule 22.2 had not been made) and that may be lawfully recovered from the Participant; 

  
 2 

	 	(k)	 “Exercise Price” means the price at which each Share subject to an Option may be acquired on
the exercise of that Option, which (subject to rule 29): 

  

	 	(i)	 if the Shares are to be newly issued to satisfy the exercise of the Option, many not be less than the nominal
value of a Share; and 

  

	 	(ii)	 may not be less than the Market Value of a Share on the Date of Grant. 

 

	 	(l)	 “Existing EMI Options” means all qualifying options (as defined in section 527 of ITEPA 2003)
that have been granted as a result of employment with the Company (or any other member of a group of companies to which the Company belongs) that can still be exercised; 

 

	 	(m)	 “Group Company” means any of the following: 

 

	 	(i)	 the Company; 

  

	 	(ii)	 a company of which the Company has Control; and 

 

	 	(iii)	 a jointly owned company (as defined in paragraph 34 of Schedule 4) that is: 

 

	 	(A)	 treated as being under the Company’s Control under paragraph 34 of Schedule 4; and 

 

	 	(B)	 that is not excluded from being a Constituent Company under paragraph 34(4) of Schedule 4.

  

	 	(n)	 “HMRC” means HM Revenue and Customs; 

 

	 	(o)	 “ITEPA 2003” means The Income Tax (Earnings and Pensions) Act 2003; 

 

	 	(p)	 “Key Feature” means any provision of the CSOP Sub-Plan
which is necessary to meet the requirements of Schedule 4; 

  

	 	(q)	 “Market Value” means the market value of a Share as determined in accordance with the
applicable provisions of Part VIII of the Taxation of Chargeable Gains Act 1992, and any relevant published HMRC guidance, on the relevant date. If Shares are subject to a Relevant Restriction, Market Value shall be determined as if they were not
subject to a Relevant Restriction; 

  

	 	(r)	 “Material Interest” has the meaning given to that expression by paragraph 9 of Schedule 4;

  

	 	(s)	 “Option” means a right to acquire Shares granted under the CSOP
Sub-Plan; 

  

	 	(t)	 “Option Agreement” means a written agreement between the Company and Participant evidencing
the terms of an individual Option grant, subject to the terms and conditions of the CSOP Sub-Plan; 

  

	 	(u)	 “Participant” means an individual who holds an Option or, where the context permits, that
individual’s personal representatives; 

  

	 	(v)	 “Redundancy” has the meaning given by the Employment Rights Act 1996; 

  
 3 

	 	(w)	 “Relevant CSOP Options” means all Options granted under the Plan (and any other Schedule 4
CSOP) as a result of employment with the Company (or any other member of a group of companies to which the Company belongs) that can still be exercised; 

  

	 	(x)	 “Relevant Restriction” means any provision included in any contract, agreement, arrangement,
or condition to which sections 423(2), 423(3), and 423(4) of ITEPA 2003 would apply if references in those sections to employment-related securities were references to Shares; 

 

	 	(y)	 “Schedule 4” means Schedule 4 to ITEPA 2003; 

 

	 	(z)	 “Schedule 4 CSOP” means a share plan that meets the requirements of Schedule 4 to ITEPA 2003;

  

	 	(aa)	 “Shares” means common stock of the Company; 

 

	 	(bb)	 “Sufficient Shares” means the smallest number of Shares that, when sold, will produce an
amount at least equal to the relevant Tax Liability (after deduction of brokerage and any other charges or taxes on the sale); 

  

	 	(cc)	 “Tax Liability” means the pounds sterling total of: 

 

	 	(i)	 any PAYE income tax and primary class 1 (employee) national insurance contributions that the Company or any
employer (or former employer) of a Participant is liable to account for as a result of the exercise of an Option; and 

  

	 	(ii)	 if the relevant Option includes the requirement specified in rule 22.2, any Employer NICs that the Company or
any employer (or former employer) of a Participant is liable to pay as a result of the exercise of an Option. 

 In this
supplement, unless the context otherwise requires: 
  

	 	(a)	 words and expressions not defined above have the same meanings as are given to them in the Plan;

  

	 	(b)	 the rule headings are inserted for ease of reference only and do not affect their interpretation;

  

	 	(c)	 a reference to a rule is a reference to a rule in this supplement; 

 

	 	(d)	 the singular includes the plural and vice-versa and the masculine includes the feminine; and

  

	 	(e)	 a reference to a statutory provision is a reference to a United Kingdom statutory provision and includes any
statutory modification, amendment or re-enactment thereof. 

  
 4 

	8	 COMPANIES PARTICIPATING IN CSOP
SUB-PLAN 

 The companies participating in the CSOP Sub-Plan shall be each a Constituent Company. 
  

	9	 SHARES USED IN CSOP
SUB-PLAN 

 The Shares shall form part of the ordinary share capital
of the Company which satisfy the conditions specified in paragraphs 16-20 inclusive of Schedule 4. 
  

	10	 GRANT OF OPTIONS

 An option granted under the CSOP Sub-Plan shall be granted under and subject
to the rules of the Plan as modified by this sub-plan. 
  

	11	 IDENTIFICATION OF OPTIONS

 An Option Agreement issued in respect of an Option shall expressly state that it is issued in respect of an Option.
An option which is not so identified shall not constitute an Option. 
  

	12	 CONTENTS OF OPTION
AGREEMENT 

 An Option Agreement issued in respect of an Option shall specify: 

 

	 	(a)	 the Date of Grant of the Option; 

 

	 	(b)	 the number of Shares subject to the Option; 

 

	 	(c)	 the Exercise Price; 

  

	 	(d)	 any performance criteria imposed on the exercise of the Option; 

 

	 	(e)	 the date(s) on which the Option will ordinarily become exercisable; 

 

	 	(f)	 the date(s) on which the Option will lapse; and 

 

	 	(g)	 a statement that: 

  

	 	(i)	 the Option is subject to these rules, Schedule 4, and any other legislation applying to Schedule 4 CSOPs; and

  

	 	(ii)	 the provisions listed in rule 12(g)(i) shall prevail over any conflicting statement relating to the
Option’s terms. 

  

	13	 EARLIEST DATE FOR GRANT OF
OPTIONS 

 An Option may not be granted earlier than the Adoption Date. 

 

	14	 PERSONS TO WHOM OPTIONS MAY
BE GRANTED 

 An Option may not be granted to an individual who is not
an Eligible Employee at the Date of Grant. 

  
 5 

 If an Eligible Employee’s status changes, this shall be regarded as a termination of
employment for the purposes of the CSOP Sub-Plan. 
  

	15	 OPTIONS NON-TRANSFERABLE

 An Option shall be personal to the Eligible Employee to whom it is granted and, subject to rule 25 hereof, shall not
be capable of being transferred, charged, or otherwise alienated and shall lapse immediately if the Participant purports to transfer, charge, or otherwise alienate the Option. 

The Plan shall be construed accordingly. 
  

	16	 LIMIT ON NUMBER OF SHARES
PLACED UNDER OPTION UNDER CSOP SUB-PLAN 

For the avoidance of doubt, Shares placed under Option under the CSOP Sub-Plan shall be taken into
account for the purpose of Section 4 of the Plan. 
  

	17	 HMRC LIMIT (£30,000) 

 

	17.1.	 An Option may not be granted to an Eligible Employee if the result of granting the Option would be that the
aggregate Market Value of the Shares subject to all outstanding options granted to him under the CSOP Sub-Plan or any other Schedule 4 CSOP would exceed sterling £30,000 or such other limit as may from
time to time be specified in paragraph 6 of Schedule 4. For this purpose, the United Kingdom sterling equivalent of the Market Value of a share on any day shall be determined by taking the sterling/dollar exchange rate for that day as shown in the
Wall Street Journal. 

  

	17.2.	 If the grant of an Option would otherwise cause the limit in rule 17.1 above to be exceeded, it shall take
effect as the grant of an Option under the CSOP Sub-Plan over the highest number of Shares which does not cause the limit to be exceeded. 

 

	17.3.	 If the grant of any share option intended to be an Option (referred to in this rule 17.3 as the Excess Option)
would cause the total Market Value of Shares subject to: 

  

	 	(a)	 the Excess Option; and 

 

	 	(b)	 all Relevant CSOP Options held by the relevant Eligible Employee; and 

 

	 	(c)	 all Existing EMI Options held by the relevant Eligible Employee, 

to exceed £250,000 (or any other amount specified in section 536(1)(e) of ITEPA 2003 at the relevant time), the whole of that Excess
Option shall take effect as a share option granted outside the UK Sub-Plan) but subject to the same terms and conditions as if it were an Option) and without the tax advantages available for Options. 

 

	18	 NON-GUARANTEE OF EMPLOYMENT OR
SERVICE 

 The following additional wording shall be included at the end of
Section 7(h) of the Plan: 
 “A Participant waives all and any rights to compensation or damages under the Plan in consequence of
the termination of his office or employment with the Company or an Affiliate for any reason (including, without limitation, any breach of contract by his employer).” 

  
 6 

	19	 PERFORMANCE CRITERIA IMPOSED ON
EXERCISE OF OPTION 

  

	19.1.	 Any performance criteria imposed on the exercise of an Option shall be: 

 

	 	(a)	 objective; 

  

	 	(b)	 such that, once satisfied, the exercise of the Option is not subject to the discretion of any person; and

  

	 	(c)	 stated on the Date of Grant. 

 

	19.2.	 If an event occurs as a result of which the Board considers that any performance criteria imposed on the
exercise of an Option is no longer appropriate and amends or modifies the performance criteria, such amendment or modification shall: 

  

	 	(a)	 be fair and reasonable in the circumstances; and 

 

	 	(b)	 produce a measure of performance that is no more difficult to satisfy than the original. 

 

	20	 EXERCISE OF OPTIONS BY
LEAVERS 

  

	20.1.	 The period during which an Option shall remain exercisable following termination of employment, shall be stated
at grant in the Option Agreement, which period may not thereafter be altered. 

  

	20.2.	 A Participant who ceases to be an Employee due to: 

 

	 	(a)	 injury; 

  

	 	(b)	 ill health; 

  

	 	(c)	 disability; 

  

	 	(d)	 retirement; 

  

	 	(e)	 Redundancy; 

  

	 	(f)	 the Participant’s employer ceasing to be a Group Company; or 

 

	 	(g)	 the transfer of the business that employs the Participant to a person that is not a Group Company,

 will be a “Good Leaver” and may exercise his Option as provided in the Option Agreement during the
period of six months following the date the Participant ceased to be an Employee and the Option shall lapse at the end of the exercise period to the extent it is not exercised. 

 

	21	 LATEST DATE FOR EXERCISE OF
OPTIONS 

 The period during which an Option shall remain exercisable shall be stated
in the Option Agreement and any Option not exercised by that time shall lapse immediately. 

  
 7 

	22	 TAX LIABILITIES 

 

	22.1.	 Each Option shall include a requirement that the Participant irrevocably agrees to: 

 

	 	(a)	 pay to the Company, his employer, or former employer (as appropriate) the amount of Tax Liability; or

  

	 	(b)	 enter into arrangements to the satisfaction of the Company, his employer, or former employer (as appropriate)
for payment of any Tax Liability. 

  

	22.2.	 Unless the Constituent Company which employs the relevant Eligible Employee directs that it shall not, each
Option shall include a requirement that the Participant agrees that the Company, his employer or former employer (as appropriate) may recover the whole or any part of any Employer NICs from the Participant: 

A Participant’s employer or former employer may decide to release the Participant from, or not to enforce, any part of the
Participant’s obligations in respect of Employer NICs under rule 22.1 and rule 22.2. 
  

	22.3.	 If a Participant does not fulfil his obligations under rule 22.1(a) or rule 22.1(b) in respect of any Tax
Liability arising from the exercise of an Option within seven days after the date of exercise and Shares are readily saleable at that time, the Company shall withhold Sufficient Shares from the Shares which would otherwise be delivered to the
Participant. From the net proceeds of sale of those withheld Shares, the Company shall pay to the employer or former employer an amount equal to the Tax Liability and shall pay any balance to the Participant. 

 

	22.4.	 Participants shall have no rights to compensation or damages on account of any loss in respect of Options or
the CSOP Sub-Plan where such loss arises (or is claimed to arise), in whole or in part, from the CSOP Sub-Plan ceasing to be a Schedule 4 CSOP. 

 

	23	 MANNER OF PAYMENT FOR SHARES
ON EXERCISE OF OPTIONS 

 The amount due
on the exercise of an Option shall be paid in cash or by cheque or banker’s draft and may be paid out of funds provided to the Participant on loan by a bank, broker, or other person. The amount may not be paid by the transfer to the Company of
Shares or by a “net exercise”. 
  

	24	 ISSUE OR TRANSFER OF SHARES
ON EXERCISE OF OPTIONS 

 Subject only
to compliance by the Participant with the rules of the CSOP Sub-Plan and to any delay necessary to complete or obtain: 
  

	 	(a)	 the listing of the Shares on any stock exchange on which Shares are then listed; 

 

	 	(b)	 such registration or other qualification of the Shares under any applicable law, rule, or regulation as the
Company determines is necessary or desirable; 

 the Company shall, as soon as reasonably practicable and in any event not
later than thirty days after the date of exercise of an Option, issue or transfer to the Participant, or procure the issue or transfer to the Participant of, the number of Shares specified in the notice of exercise and shall deliver to the
Participant, or procure the delivery to the Participant of, a share certificate in respect of such Shares (unless the Shares are held in uncertificated book entry form) together with, in the case of the partial exercise of an Option, an Option
Agreement in respect of, or the original Option Agreement endorsed to show, the unexercised part of the Option. 

  
 8 

	25	 DEATH OF PARTICIPANT

 If a Participant dies, his personal representatives shall be entitled to exercise his Options for the twelve-month
period following his death. If not so exercised, the Options shall lapse immediately. 
  

	26	 CHANGE IN CONTROL

  

	26.1.	 Exchange of Options 

If an Acquiring Company obtains Control of the Company as a result of: 

 

	 	(a)	 making a general offer to acquire the whole of the issued share capital of the Company which is made on a
condition such that if it is satisfied the person making the offer will have Control of the Company; 

  

	 	(b)	 making a general offer to acquire all the shares in the Company that are the same class as the Shares;

  

	 	(c)	 the court sanctioning a compromise or arrangement under section 899 of the Companies Act 2006 that is
applicable to or affects: 

  

	 	(i)	 all the ordinary share capital of the Company or all the Shares of the same class as the Shares to which the
Option relates; or 

  

	 	(ii)	 all the Shares, or all the Shares of that same class, which are held by a class of shareholders identified
otherwise than by reference to their employment or directorships or their participation in a Schedule 4 CSOP; or 

  

	 	(d)	 shareholders becoming bound by a non-UK reorganisation (as defined by
paragraph 35ZA of Schedule 4) that is applicable to or affects (i) all the ordinary share capital of the Company or all the shares of the same class as the Shares to which the Option relates; or (ii) all the shares, or all the shares of
that same class, which are held by a class of shareholders identified otherwise than by reference to their employment or directorships or their participation in a Schedule 4 CSOP, 

a Participant may, at any time during the period set out in rule 26.2, by agreement with the Acquiring Company, release his Option in whole or
in part in consideration of the grant to him of a new option (“New Option”) which is equivalent to the Option but which relates to shares in the Acquiring Company (or some other company falling within paragraph 27(2) (b) of Schedule
4) (“New Shares”). 

  
 9 

	26.2.	 Period allowed for exchange of Options 

The period referred to in rule 26.1 is the period of six months beginning with the time when the person making the offer has obtained Control
of the Company and any condition subject to which the offer is made has been satisfied or such other period as is specified in Schedule 4. 
  

	26.3.	 Meaning of “equivalent” 

The New Option shall not be regarded for the purpose of this rule 26 as equivalent to the Option unless: 

 

	 	(a)	 the New Shares satisfy the conditions specified in paragraphs 16 to 20 inclusive of Schedule 4; and

  

	 	(b)	 save for any performance criteria imposed on the exercise of the Option, the New Option will be exercisable in
the same manner as the Option and subject to the provisions of the CSOP Sub-Plan as it had effect immediately before the release of the Option; and 

 

	 	(c)	 the total Market Value, immediately before the release of the Option, of the Shares which were subject to the
Option is equal to the total Market Value, immediately after the grant of the New Option, of the New Shares determined using a methodology agreed by HMRC; and 

 

	 	(d)	 the total amount payable by the Participant for the acquisition of the New Shares under the New Option is equal
to the total amount that would have been payable by the Participant for the acquisition of the Shares under the Option. 

  

	26.4.	 Date of grant of New Option 

The date of grant of the New Option shall be deemed to be the same as the Date of Grant of the Option. 

 

	26.5.	 Application of CSOP Sub-Plan to New Option

 In the application of the CSOP Sub-Plan to the New Option, where appropriate,
references to “Company” and “Shares” shall be read as if they were references to the company to whose shares the New Option relates and the New Shares, respectively. 

 

	26.6.	 Interaction with Section 7(d)(iii) of the Plan 

 

	 	(a)	 Reference in Section 7(d)(iii) of the Plan to the continuation or assumption or substitution of Options,
shall be disapplied for the purposes of the CSOP Sub-Plan. 

  

	 	(b)	 In the event that a “Transaction” does not fall within rule 26.1 above, or where it does, but an
Acquiring Company does not agree to grant a New Option, or if a New Option would not be regarded as ‘equivalent’ in accordance with rule 26.3 above, the Board shall give written notice to the Participants and all Options shall be
exercisable in full up to 20 days before a Transaction save that any Option exercised in anticipation of a Transaction that does not take place will be treated as not having been exercised. 

  
 10 

	27	 RIGHTS ATTACHING TO SHARES
ISSUED ON EXERCISE OF OPTIONS 

All Shares issued on the exercise of an Option shall, as to any voting, dividend, transfer, and other rights, including those arising on a
liquidation of the Company, rank equally in all respects and as one class with the Shares in issue at the date of such exercise save as regards any rights attaching to such Shares by reference to a record date prior to the date of such exercise.

  

	28	 AMENDMENT OF CSOP SUB-PLAN

 Notwithstanding Section 7(g) of the Plan, no amendment to a Key Feature of the CSOP Sub-Plan shall take effect if, as a result of the amendment, the CSOP Sub-Plan would no longer be a Schedule 4 CSOP. 

 

	29	 ADJUSTMENT OF OPTIONS

  

	29.1.	 Notwithstanding Section 7(d) (i) and (ii) of the Plan, no adjustment may be made to an Option
(i) other than in accordance with paragraph 22 of Schedule 4 and (ii) in the event of a demerger or payment of a capital dividend or similar event. 

  

	29.2.	 Where an adjustment to an Option is made, the total Market Value of the Shares subject to the Option and the
total amount payable on the exercise of the Option before and after the adjustment must be the same. 

  

	30	 EXERCISE OF DISCRETION BY THE
BOARD 

 In exercising any discretion which it may have under the CSOP Sub-Plan, the Board shall act fairly and reasonably. 
  

	31	 DISAPPLICATION OF CERTAIN PROVISIONS
OF PLAN 

 The provisions of the Plan dealing with: 

 

	 	(a)	 Incentive Stock Options (contained in Section 6(a)); 

 

	 	(b)	 Stock Appreciation Rights (contained in Section 6(b)); 

 

	 	(c)	 Stock Awards (contained in Section 6(c)); 

 

	 	(d)	 Phantom Stock Units (contained in Section 6(d)); 

 

	 	(e)	 Performance Awards (contained in Section 6(e)); 

 

	 	(f)	 Other Stock Based Awards (contained in Section 6(f)); 

 

	 	(g)	 The power to modify, amend, extend or renew (Section 3(b)(v)); 

 

	 	(h)	 The power to accelerate (Section 3(b)(vi)); 

 

	 	(i)	 Compliance with Section 409A of the Code (Section 7(l)); 

  
 11 

	 	(j)	 The ability to change the kind of shares (set out in Section 7(d)(ii)); 

 

	 	(k)	 Action in connection with a Change in Control in relation to the continuation, assumption or substitution (set
out in Section 7(d)(iii)); 

  

	 	(l)	 The ability to make adjustments in recognition of unusual or nonrecurring events (set out in
Section 7(d)(iv)); and 

  

	 	(m)	 Appendix A with provisions for California residents. 

shall not form part of, and shall be disregarded for the purposes of the CSOP Sub-Plan. 

  
 12 

 Grant No.: 

PROCORE TECHNOLOGIES, INC. 

2014 EQUITY INCENTIVE PLAN 

INCENTIVE STOCK OPTION NOTICE 

This Incentive Stock Option Notice (this “Notice”) evidences the award of a stock option (the
“Option”) that has been granted to you,                 , subject to and conditioned upon your agreement to the terms of the attached
Incentive Stock Option Agreement (the “Agreement”). The Option entitles you to purchase shares of Common Stock, par value $0.0001 per share (“Common Stock”), of Procore Technologies, Inc., a Delaware
corporation (the “Company”), under the Procore Technologies, Inc. 2014 Equity Incentive Plan (the “Plan”). The number of shares you may purchase and the exercise price at which you may purchase them
are specified below. This Notice constitutes part of and is subject to the terms and provisions of the Agreement and the Plan, which are incorporated by reference herein. You must return an executed copy of this Notice to the
Company within 30 days of the date hereof. If you fail to do so, the Administrator may declare the Option to be null and void. 
  

	
	Grant Date:                    
	
	Number of Shares:                
	
	Exercise Price: $                  per share
	
	Vesting Commencement Date:                    

 Expiration Date: The Option expires at 5:00 p.m. Pacific Time on the
10th anniversary of the Grant Date (the “Expiration Date”), unless fully exercised or terminated earlier. 

Exercisability Schedule: Subject to the terms and conditions described in the Agreement, the Option becomes exercisable in accordance with the schedule
below: 
 [Vesting Schedule] 
 The shares of
Common Stock subject to the Option which become exercisable as of a particular date shall be rounded down to the nearest whole share. However, exercisability shall be rounded 

up to 100% on the [                 ] year anniversary date of the Vesting
Commencement Date. 
 (signatures on following page) 

 
			
	PROCORE TECHNOLOGIES, INC.

 
			
		
	By:	 	  

 
			
	Printed Name:	 	  

 
			
	Title:	 	  

 
			
	Date:	 	  

 I acknowledge that I have carefully read the attached Agreement and the Plan and agree to be bound by all of the
provisions set forth in these documents. 
  

			
	OPTIONEE:

 
			
		
	Signed:	 	  

 
			
		 	
	Date:	 	  

 Enclosures: 

  Incentive Stock Option Agreement 

  Procore Technologies, Inc. 2014 Equity Incentive Plan 

  Exercise Form 
   Stock
Restriction Agreement 
 SIGNATURE PAGE TO INCENTIVE OPTION NOTICE 

 PROCORE TECHNOLOGIES, INC. 

2014 EQUITY INCENTIVE PLAN 

INCENTIVE STOCK OPTION AGREEMENT 

1. Terminology. Capitalized terms used in this Incentive Stock Option Agreement (this “Agreement”) are defined
in the correlating Incentive Stock Option Notice and/or the Glossary at the end of the Agreement. 
 2. Exercise of Option. 

(a) Exercisability. The Option will become exercisable in accordance with the Exercisability Schedule set forth in the Stock Option
Notice, so long as you are in the Service of the Company from the Grant Date through the applicable exercisability dates. None of the Option will become exercisable after your Service with the Company ceases, unless the Stock Option Notice provides
otherwise with respect to exercisability that arises as a result of your cessation of Service. 
 (b) Right to Exercise. You may
exercise the Option, to the extent exercisable, at any time on or before 5:00 p.m. Pacific Time on the Expiration Date or the earlier termination of the Option, unless otherwise provided under applicable law. Notwithstanding the foregoing, if at any
time the Administrator determines that the delivery of Shares under the Plan or this Agreement is or may be unlawful under the laws of any applicable jurisdiction, or Federal, state or foreign securities laws, the right to exercise the Option or
receive Shares pursuant to the Option shall be suspended until the Administrator determines that such delivery is lawful. If at any time the Administrator determines that the delivery of Shares under the Plan or this Agreement is or may violate the
rules of the national securities exchange on which the shares are then listed for trade, the right to exercise the Option or receive Shares pursuant to the Option shall be suspended until the Administrator determines that such exercise or delivery
would not violate such rules. Section 3 below describes certain limitations on exercise of the Option that apply in the event of your death, Total and Permanent Disability, or termination of Service. The Option may be exercised only in
multiples of whole Shares and may not be exercised at any one time as to fewer than one hundred Shares (or such lesser number of Shares as to which the Option is then exercisable). No fractional Shares will be issued under the Option. 

(c) Exercise Procedure. In order to exercise the Option, you must provide the following items to the Secretary of the Company or his or
her delegate before the expiration or termination of the Option: 
  

	 	(i)	 notice, in such manner and form as the Administrator may require from time to time, specifying the number of
Shares to be purchased under the Option; and 

  

	 	(ii)	 full payment of the Exercise Price for the Shares or properly executed, irrevocable instructions, in such
manner and form as the Administrator may require from time to time, to effectuate a broker-assisted cashless exercise, each in accordance with Section 2(d) of this Agreement; 

  
 - 1 - 

	 	(iii)	 full payment of applicable withholding taxes, if any, pursuant to Section 7 of the Agreement; and

  

	 	(iv)	 an executed copy of the Stock Restriction Agreement, the Company’s then-current voting agreement and right
of first refusal and co-sale agreement and any other agreements requested by the Administrator pursuant to Section 2(e) of this Agreement or pursuant to Section 7(f) of the Plan.

 An exercise will not be effective until the Secretary of the Company or his or her delegate receives all of the foregoing items, and
such exercise otherwise is permitted under and complies with all applicable federal, state and foreign securities laws. Notwithstanding the foregoing, if the Administrator permits payment by means of delivering properly executed, irrevocable
instructions, in such manner and form as the Administrator may require from time to time, to effectuate a broker-assisted cashless exercise and such instructions provide for sale of Shares under a limit order rather than at the market, the exercise
will not be effective until the earlier of the date the Company receives delivery of cash or cash equivalents in full payment of the Exercise Price or the date the Company receives confirmation from the brokerage firm that the sale instruction has
been fulfilled, and the exercise will not be effective unless the earlier of such dates occurs on or before termination of the Option. 
 (d)
Method of Payment. You may pay the Exercise Price by: 
  

	 	(i)	 delivery of cash, certified or cashier’s check, money order or other cash equivalent acceptable to the
Administrator in its discretion; 

  

	 	(ii)	 a broker-assisted cashless exercise in accordance with Regulation T of the Board of Governors of the Federal
Reserve System through a brokerage firm designated or approved by the Administrator; 

  

	 	(iii)	 subject to such limits as the Administrator may impose from time to time, tender (via actual delivery or
attestation) to the Company of other shares of Common Stock of the Company which have a Fair Market Value on the date of tender equal to the Exercise Price, provided that tender of such shares will not result in the Company having to record a
charge to earnings under United States generally accepted accounting principles then applicable to the Company; 

  

	 	(iv)	 any other method approved by the Administrator; or 

 

	 	(v)	 any combination of the foregoing. 

 

  
 - 2 - 

 (e) Agreement to Execute Other Agreements. You agree to execute, as a condition
precedent to the exercise of the Option and at any time thereafter as may reasonably be requested by the Administrator, any agreements requested by the Administrator pursuant to Section 7(f) of the Plan and a Stock Restriction Agreement
substantially in the form, and containing the terms and provisions, of the Stock Restriction Agreement attached hereto as Exhibit A, with respect to any shares you acquire pursuant to this Agreement; provided, however, that execution of the Stock
Restriction Agreement will not be required upon any exercise that occurs after the closing of the first public offering of capital stock of the Company that is effected pursuant to a registration statement filed with, and declared effective by, the
Securities and Exchange Commission under the Securities Act of 1933 or, if later, the expiration of any market stand-off agreement that applies to other stockholders of the Company respecting such public
offering of capital stock. 
 (f) Issuance of Shares upon Exercise. The Company shall issue to you the Shares underlying the Option
you exercise as soon as practicable after the exercise date, subject to the Company’s receipt of the aggregate exercise price and the requisite withholding taxes, if any. Upon issuance of such Shares, the Company may deliver, subject to the
provisions of Section 7 below, such Shares on your behalf electronically to the Company’s designated stock plan administrator or such other broker-dealer as the Company may choose at its sole discretion, within reason, or deliver a share
certificate to you or retain such Shares in uncertificated book-entry form. Any share certificates delivered will, unless the Shares are registered or an exemption from registration is available under applicable federal and state law, bear a legend
restricting transferability of such Shares and referencing any applicable stock restriction agreements. 
 3. Termination of Service.

 (a) Termination of Unexercisable Option. If your Service with the Company ceases for any reason, any portion of the Option that is
then unexercisable will terminate immediately upon such cessation[; provided, however, that if your Service ceases within twelve (12) months following a Change in Control due to your termination by the Company other than for Cause, then any portion
of the Option that is then unexercisable shall become fully exercisable as of immediately prior to such termination of Service]. 
 (b)
Exercise Period Following Termination of Service. If your Service with the Company ceases for any reason other than discharge for Cause, the Option that is then exercisable will terminate upon the earliest of: 

(i) the expiration of 90 days following such cessation, if your Service ceases on account of (1) your termination by the
Company other than a discharge for Cause, or (2) your voluntary termination other than for Total and Permanent Disability or death; 

  
 - 3 - 

 (ii) the expiration of 6 months following such cessation, if your Service
ceases on account of your Total and Permanent Disability or death; 
 (iii) the expiration of 6 months following your death,
if your death occurs during the periods described in clauses (i) or (ii) of this Section 3(b), as applicable; or 

(iv) the Expiration Date. 
 In
the event of your death, the exercisable Option may be exercised by your executor, personal representative, or the person(s) to whom the Option is transferred by will or the laws of descent and distribution. 

(c) Misconduct. The Option will terminate at the election of the Administrator in its entirety, regardless of whether the Option is then
exercisable, immediately upon your discharge from Service for Cause, or upon your commission of any of the following acts during the exercise period following your termination of Service: (i) fraud on or misappropriation of any funds or
property of the Company, or (ii) your breach of any provision of any employment, non-disclosure, non-solicitation, assignment of inventions, or other similar
agreement executed by you for the benefit of the Company, as determined by the Administrator, which determination will be conclusive. 
 (d)
Changes in Status. If you cease to be a “common law employee” of the Company but you continue to provide bona fide services to the Company following such cessation in a different capacity, including without limitation as a director,
consultant or independent contractor, then a termination of Service shall not be deemed to have occurred for purposes of this Section 3 upon such change in capacity. Notwithstanding the foregoing, the Option shall not be treated as an incentive
stock option within the meaning of Code section 422 with respect to any exercise that occurs more than three months after such cessation of the common law employee relationship (except as otherwise permitted under Code section 421 or 422). In the
event that your Service is with a business, trade or entity that, after the Grant Date, ceases for any reason to be part or an Affiliate of the Company, your Service will be deemed to have terminated for purposes of this Section 3 upon such
cessation if your Service does not continue uninterrupted immediately thereafter with the Company or an Affiliate of the Company. 
 4.
Market Stand-Off Agreement. You agree that following the effective date of a registration statement of the Company filed under the Securities Act of 1933, you, for the duration specified by and to the
extent requested by the Company and an underwriter of Common Stock or other securities of the Company, shall not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any equity securities of the Company, or any
securities convertible into or exchangeable or exercisable for such securities, enter into a transaction which would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic
consequences of ownership of such securities, whether any such aforementioned transaction is to be settled by delivery of such securities or other securities, in cash or otherwise, or publicly disclose the intention to make

  
 - 4 - 

 
any such offer, sale, pledge or disposition, or to enter into any such transaction, swap, hedge or other arrangement, in each case during the seven days prior to and the 180 days after the
effectiveness of any underwritten offering of the Company’s equity securities (or such longer or shorter period as may be requested in writing by the managing underwriter and agreed to in writing by the Company) (the “Market Stand-Off Period”), except as part of such underwritten registration if otherwise permitted. In addition, you agree to execute any further letters, agreements and/or other documents requested by the
Company or its underwriters that are consistent with the terms of this Section 4. The Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of such Market Stand-Off Period. 
 5. Nontransferability of Option. This Option is nontransferable otherwise than
by will or the laws of descent and distribution and during your lifetime, the Option may be exercised only by you or, during the period you are under a legal disability, by your guardian or legal representative. Except as provided above, the Option
may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. 

6. Qualified Nature of the Option. 

(a) General Status. The Option is intended to qualify as an incentive stock option within the meaning of Code section 422
(“Incentive Stock Option”), to the fullest extent permitted by Code section 422, and this Agreement shall be so construed. The Company, however, does not warrant any particular tax consequences of the Option. Code section 422
provides limitations, not set forth in this Agreement, respecting the treatment of the Option as an Incentive Stock Option. You should consult with your personal tax advisors in this regard. 

(b) Code Section 422(d) Limitation. Pursuant to Code section 422(d), the aggregate fair market value (determined as
of the Grant Date) of shares of Common Stock with respect to which the Incentive Stock Option first becomes exercisable by you in any calendar year under the Plan or any other plan of the Company (and its parent and subsidiary corporations, within
the meaning of Code section 424(e) and (f), as may exist from time to time) may not exceed $100,000 or such other amount as may be permitted from time to time under Code section 422. To the extent that such aggregate fair market value exceeds
$100,000 or other applicable amount in any calendar year, such portion of the stock option will be treated as a nonstatutory stock option with respect to the amount of aggregate fair market value thereof that exceeds the Code section 422(d) limit.
For this purpose, the Incentive Stock Options will be taken into account in the order in which they were granted. In such case, the Company may designate the shares of Common Stock that are to be treated as stock acquired pursuant to the exercise of
the Incentive Stock Option and the shares of Common Stock that are to be treated as stock acquired pursuant to the nonstatutory stock option by issuing separate certificates for such shares and identifying the certificates as such in the stock
transfer records of the Company. 

  
 - 5 - 

 (c) Significant Stockholders. Notwithstanding anything in this Agreement or the Stock
Option Notice to the contrary, if you own, directly or indirectly through attribution, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or of any of its subsidiaries (within the meaning of Code
section 424(f)) on the Grant Date, then the Exercise Price is the greater of (a) the Exercise Price stated on the Stock Option Notice or (b) 110% of the Fair Market Value of the Common Stock on the Grant Date, and the Expiration Date is the
last business day prior to the fourth anniversary of the Grant Date. 
 (d) Disqualifying Dispositions. If you make a disposition (as
that term is defined in Code section 424(c)) of any Shares acquired pursuant to the Option within two years of the Grant Date or within one year after the Shares are transferred to you, you must notify the Company of such disposition in writing
within 30 days of the disposition. The Administrator may, in its discretion, take reasonable steps to ensure notification of such dispositions, including but not limited to requiring that Shares acquired under the Option be held in an account with a
Company-designated broker-dealer until they are sold. 
 7. Withholding of Taxes. At the time the Option is exercised, in whole or in
part, or at any time thereafter as requested by the Company, you hereby authorize withholding from payroll or any other payment of any kind due to you and otherwise agree to make adequate provision for foreign, federal, state and local taxes
required by law to be withheld, if any, which arise in connection with the Option (including upon a disqualifying disposition within the meaning of Code section 421(b)). The Company may require you to make a cash payment to cover any withholding tax
obligation as a condition of exercise of the Option or issuance of share certificates representing Shares. 
 The Administrator may, in its
sole discretion, permit you to satisfy, in whole or in part, any withholding tax obligation which may arise in connection with the Option either by electing to have the Company withhold from the Shares to be issued upon exercise that number of
Shares, or by electing to deliver to the Company already-owned shares, in either case having a Fair Market Value not in excess of the amount necessary to satisfy the statutory minimum withholding amount due. 

8. Adjustments. The Administrator may make various adjustments to your Option, including adjustments to the number and type of
securities subject to the Option and the Exercise Price, in accordance with the terms of the Plan. In the event of any transaction resulting in a Change in Control (as defined in the Plan) of the Company, the unexercised portion of the Option will
terminate upon the effective time of such Change in Control unless provision is made in connection with the transaction for the continuation or assumption of the unexercised portion of the Option by, or for the substitution of the equivalent awards
of, the surviving or successor entity or a parent thereof. In the event of such termination, you will be permitted, immediately before the Change in Control, to exercise or convert all portions of the unexercised Option that are then exercisable or
which become exercisable upon or prior to the effective time of the Change in Control. 
 9.
Non-Guarantee of Employment or Service Relationship. Nothing in the Plan or this Agreement will alter your at-will or other employment status or other service
relationship with the Company, nor be construed as a contract of employment or service relationship between you and the Company, or as a contractual right for you to continue in the employ of, or in a service relationship with, the Company for any
period of time, or as a limitation of the right of the Company to discharge you at any time with or without Cause or notice and whether or not such discharge results in the failure of the Option to become exercisable or any other adverse effect on
your interests under the Plan. 

  
 - 6 - 

 10. No Rights as a Stockholder. You shall not have any of the rights of a stockholder
with respect to the Shares until such Shares have been issued to you upon the due exercise of the Option. No adjustment will be made for dividends or distributions or other rights for which the record date is prior to the date such Shares are
issued. 
 11. The Company’s Rights. The existence of the Option shall not affect in any way the right or power of the Company or
its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds,
debentures, preferred or other stocks with preference ahead of or convertible into, or otherwise affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of the
Company’s assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
 12. Entire
Agreement. This Agreement, together with the correlating Stock Option Notice and the Plan, contain the entire agreement between you and the Company with respect to the Option. Any oral or written agreements, representations, warranties, written
inducements, or other communications made prior to the execution of this Agreement with respect to the Option shall be void and ineffective for all purposes. 

13. Amendment. This Agreement may be amended from time to time by the Administrator in its discretion; provided, however,
that this Agreement may not be modified in a manner that would have a materially adverse effect on the Option or Shares as determined in the discretion of the Administrator, except as provided in the Plan or in a written document signed by you and
the Company. 
 14. Conformity with Plan. This Agreement is intended to conform in all respects with, and is subject to all applicable
provisions of, the Plan. Any conflict between the terms of this Agreement and the Plan shall be resolved in accordance with the terms of the Plan. In the event of any ambiguity in this Agreement or any matters as to which this Agreement is silent,
the Plan shall govern. A copy of the Plan is provided to you with this Agreement. 
 15. Section 409A. This
Agreement and the Option granted hereunder are intended to comply with, or otherwise be exempt from, Section 409A of the Code. Nothing in the Plan or this Agreement shall be construed as including any feature for the deferral of compensation
other than the deferral of recognition of income until the exercise of the Option. Should any provision of the Plan or this Agreement be found not to comply with, or otherwise be exempt from, the provisions of Section 409A of the Code, it may
be modified and given effect, in the sole discretion of the Administrator and without requiring your consent, in such manner as the Administrator determines to be necessary or appropriate to comply with, or to effectuate an exemption from,
Section 409A of the Code. The foregoing, however, shall not be construed as a guarantee by the Company of any particular tax effect to you. 

  
 - 7 - 

 16. Electronic Delivery of Documents. By your signing the Stock Option Notice, you
(a) consent to the electronic delivery of this Agreement, all information with respect to the Plan and the Option, and any reports of the Company provided generally to the Company’s stockholders; (b) acknowledge that you may receive from
the Company a paper copy of any documents delivered electronically at no cost to you by contacting the Company by telephone or in writing; (c) further acknowledge that you may revoke your consent to the electronic delivery of documents at any
time by notifying the Company of such revoked consent by telephone, postal service or electronic mail; and (d) further acknowledge that you understand that you are not required to consent to electronic delivery of documents. 

17. No Future Entitlement. By execution of the Stock Option Notice, you acknowledge and agree that: (a) the grant of the Option is
a one-time benefit which does not create any contractual or other right to receive future grants of stock options, or compensation in lieu of stock options, even if stock options have been granted repeatedly
in the past; (b) all determinations with respect to any such future grants, including, but not limited to, the times when stock options shall be granted or shall become exercisable, the maximum number of shares subject to each stock option, and
the purchase price, will be at the sole discretion of the Administrator; (c) the value of the Option is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (d) the value of the Option is
not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards,
pension or retirement benefits; (e) the vesting of the Option ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be
explicitly provided in this Agreement; (f) if the underlying Common Stock does not increase in value, the Option will have no value, nor does the Company guarantee any future value; and (g) no claim or entitlement to compensation or
damages arises if the Option does not increase in value and you irrevocably release the Company from any such claim that does arise. 
 18.
Personal Data. For the purpose of implementing, administering and managing the Option, you, by execution of the Stock Option Notice, consent to the collection, receipt, use, retention and transfer, in electronic or other form, of your
personal data by and among the Company and its third party vendors or any potential party to any Change in Control transaction or capital raising transaction involving the Company. You understand that personal data (including but not limited to,
name, home address, telephone number, employee number, employment status, social security number, tax identification number, date of birth, nationality, job and payroll location, data for tax withholding purposes and shares awarded, cancelled,
exercised, vested and unvested) may be transferred to third parties assisting in the implementation, administration and management of the Option and the Plan and you expressly authorize such transfer as well as the retention, use, and the subsequent
transfer of the data by the recipient(s). You understand that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country. You understand
that data will be held only as long as is necessary to implement, administer and manage the Option. You understand that you may, at any time, request a list with the names and addresses of any potential recipients of the personal data, view data,
request additional information about the storage and processing of data, require any necessary amendments to data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing the Company’s Secretary. You
understand, however, that refusing or withdrawing your consent may affect your ability to accept a stock option. 

  
 - 8 - 

 19. Governing Law. The validity, construction, and effect of this Agreement, and of
any determinations or decisions made by the Administrator relating to this Agreement, and the rights of any and all persons having or claiming to have any interest under this Agreement, shall be determined exclusively in accordance with the laws of
the State of California (except to the extent that the General Corporation Law of the State of Delaware applies), without regard to its provisions concerning the applicability of laws of other jurisdictions. Any suit with respect hereto will be
brought in the federal or state courts in the district which includes the city or town in which the Company’s principal executive office is located, and you hereby agree and submit to the personal jurisdiction and venue thereof. 

20. Headings. The headings in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this
Agreement. 
 {Glossary begins on next page} 

  
 - 9 - 

 GLOSSARY 

(a) “Administrator” means the Board or the committee(s) or officer(s) appointed by the Board that have authority to
administer the Plan. 
 (b) “Affiliate” means any entity, whether now or hereafter existing, which controls, is
controlled by, or is under common control with, Procore Technologies, Inc. For this purpose, “control” means ownership of 50% or more of the total combined voting power or value of all classes of stock or interests of the entity. 

(c) “Cause” shall have the meaning set forth in any written employment agreement entered into between you and the
Company. If there is no such employment agreement, then “Cause” shall mean (i) your failure to perform duties or follow directions communicated to you by the Company, (ii) your commission of an act of fraud, misappropriation or
embezzlement with respect to the Company, (iii) your conviction of, or a plea of guilty or nolo contendere to, a felony or a crime of moral turpitude, in each case as determined by the Board, (iv) your unauthorized use or disclosure of the
confidential information or trade secrets of the Company; (v) your material misconduct or your material violation of a material Company policy; or (vi) your material breach of any agreement between you and the Company. The foregoing,
however, shall not be deemed an exclusive list of all acts or omissions that the Company may consider as grounds for your discharge. 
 (d)
“Change in Control” has the meaning ascribed to it in the Plan. 
 (e) “Company” includes
Procore Technologies, Inc. and its Affiliates, except where the context otherwise requires. For purposes of determining whether a Change in Control has occurred, Company shall mean only Procore Technologies, Inc. 

(f) “Fair Market Value” of a share of Common Stock generally means the value determined by the Administrator in good
faith at any time while such shares are not registered for trade on a public market. When shares of the Common Stock are registered for trade on a public market, “Fair Market Value” generally means the closing price per share of
Common Stock on the relevant date, as reported by the principal market or exchange upon which the Common Stock is listed or admitted for trade. Refer to the Plan for a detailed definition of Fair Market Value. 

(g) “Service” means your employment or other service relationship with the Company and its Affiliates. Your Service
will be considered to have ceased with the Company and its Affiliates if, immediately after a sale, merger or other corporate transaction, the trade, business or entity with which you are employed or otherwise have a service relationship is not the
Company or its successor or an Affiliate of the Company or its successor. 
 (h) “Shares” means the shares of Common
Stock underlying the Option. 
 (i) “Stock Option Notice” means the written notice evidencing the award of the Option
that correlates with and makes up a part of this Agreement. 

  
 - 10 - 

 (j) “Total and Permanent Disability” means the inability to engage
in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve months.
The Administrator may require such proof of Total and Permanent Disability as the Administrator in its sole discretion deems appropriate and the Administrator’s good faith determination as to whether you are totally and permanently disabled
will be final and binding on all parties concerned. 
 (k) “You”; “Your” means the recipient
of the award of Option as reflected on the Stock Option Notice. Whenever the Agreement refers to “you” under circumstances where the provision should logically be construed, as determined by the Administrator, to apply to your estate,
personal representative, or beneficiary to whom the Option may be transferred by will or by the laws of descent and distribution, the word “you” shall be deemed to include such person. 

 

  
 -11- 

 EXERCISE FORM 

Administrator of Procore Technologies, Inc. 2014 Equity Incentive Plan 

c/o Office of the Corporate Secretary 
 6309 Carpinteria Ave 

Carpinteria, CA 93013 
 Ladies and Gentlemen: 

I hereby exercise the Option granted to me
on                 , by Procore Technologies, Inc. (the “Company”), subject to all the terms and provisions of the applicable grant
agreement and of the Procore Technologies, Inc. 2014 Equity Incentive Plan (the “Plan”), and notify you of my desire to
purchase                     shares of Common Stock of the Company at a price of $         per
share pursuant to the exercise of said Option. 
 This will confirm my understanding with respect to the shares to be issued to me by reason
of this exercise of the Option (the shares to be issued pursuant hereto shall be collectively referred to hereinafter as the “Shares”) as follows: 

(a) I am purchasing the Shares for my own account for investment only, and not with a view to, or for sale in connection with, any distribution
of the Shares in violation of the Securities Act of 1933 (the “Securities Act”), or any rule or regulation under the Securities Act. 

(b) I understand that the Shares are being issued without registration under the Securities Act, in reliance upon one or more exemptions
contained in the Securities Act, and such reliance is based in part on the above representation. I also understand that the Company is not obligated to comply with the registration requirements of the Securities Act or with the requirements for an
exemption under Regulation A under the Securities Act for my benefit. 
 (c) I have had such opportunity as I deemed adequate to obtain from
representatives of the Company such information as is necessary to permit me to evaluate the merits and risks of my investment in the Company. 

(d) I have sufficient experience in business, financial and investment matters to be able to evaluate the risks involved in the purchase of the
Shares and to make an informed investment decision with respect to such purchase. 
 (e) I can afford a complete loss of the value of the
Shares and am able to bear the economic risk of holding such Shares for an indefinite period. 
 (f) I understand that (i) the Shares
have not been registered under the Securities Act and are “restricted securities” within the meaning of Rule 144 under the Securities Act; (ii) the Shares cannot be sold, transferred or otherwise disposed of unless they
are subsequently registered under the Securities Act or an exemption from registration is then available and, therefore, they may need to be held indefinitely; and (iii) there is now no registration statement on file with the Securities and
Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register the Shares under the Securities Act. As a condition to any transfer of the Shares, I understand that the Company may
require an opinion of counsel satisfactory to the Company to the effect that such transfer does not require registration under the Securities Act or any state securities law. 

 (g) I understand that the certificates for the Shares to be issued to me will bear a legend
substantially as follows: 
 The shares of stock represented by this certificate are subject to restrictions on transfer, an option to
purchase and/or a market stand-off agreement set forth in a certain Incentive Stock Option Agreement, a certain Stock Restriction Agreement and other agreements, each between the corporation and the registered
owner of this certificate (or his/her predecessor in interest), and no transfer of such shares may be made without compliance with those Agreements. A copy of those Agreements is available for inspection at the office of the corporation upon
appropriate request and without charge. 
 The securities represented by this stock certificate have not been registered under the Securities
Act of 1933 (the “Act”) or applicable state securities laws (the “State Acts”), and shall not be sold, pledged, hypothecated, donated, or otherwise transferred (whether or
not for consideration) by the holder except upon the issuance to the corporation of a favorable opinion of its counsel and/or submission to the corporation of such other evidence as may be satisfactory to counsel for the corporation, to the effect
that any such transfer shall not be in violation of the Act and the State Acts. 
 The Company will issue appropriate stop transfer instructions to its
transfer agent. 
 (h) I agree that the Company does not have a duty to design or administer the 2014 Equity Incentive Plan or its other
compensation programs in a manner that minimizes my tax liabilities. I will not make any claim against the Company or its Board of Directors, officers or employees related to tax liabilities arising from my options or my other compensation. In
particular, I acknowledge that my options are exempt from §409A of the Internal Revenue Code only if the exercise price per share is at least equal to the fair market value per share of the Company’s Common Stock at the time the option was
granted by the Company’s Board of Directors. Since shares of the Company’s Common Stock are not traded on an established securities market, the determination of their fair market value was made by the Company’s Board of Directors or
by an independent valuation firm retained by the Company. I acknowledge that there is no guarantee in either case that the Internal Revenue Service will agree with the valuation, and I will not make any claim against the Company or its Board of
Directors, officers or employees in the event that the Internal Revenue Service asserts that the valuation was too low. 
 (i) I am a party
to an Incentive Stock Option Agreement, a Stock Restriction Agreement and other agreements with the Company, pursuant to which I have agreed to certain restrictions on the transferability of the Shares and other matters relating thereto. 

 Total Amount Enclosed: $             

 

							
	Date:                     	 		 	Signed:	 	  

							
			
		 		 	Received
on                                        
, 20        
			
		 		 	Procore Technologies, Inc.
				
		 		 	By:	 	  

		 		 		 	Printed Name:                                   
                                         
             
		 		 		 	Title:                                     
                                         
                          

 Exhibit A 

STOCK RESTRICTION AGREEMENT 

THIS STOCK RESTRICTION AGREEMENT (this “Agreement”) is made as of
                    , 20     , by and between Procore Technologies, Inc., a Delaware corporation (the
“Company”), and                    (the “Stockholder”). 

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Option Shares. The Stockholder was granted the right to purchase up to
                     shares (the “Option Shares”) of Common Stock of the Company, par value $0.0001 per
share (the “Common Stock”), pursuant to a stock option awarded under the Procore Technologies, Inc. 2014 Equity Incentive Plan (the “Plan”)
on                    , subject to the terms and conditions of the applicable stock option notice and stock option agreement evidencing such
award (the “Option Grant Agreement”). The Stockholder has purchased on even date herewith,                    Option
Shares (the “Shares”). The Stockholder agrees that the Shares shall be subject to the terms, conditions and restrictions set forth in this Agreement and the Option Grant Agreement. The Stockholder further agrees that any
additional Option Shares purchased by the Stockholder shall be subject to the terms, conditions and restrictions set forth in this Agreement, and such shares shall be deemed Shares for all purposes hereunder. Upon receipt of payment by the Company
for the Shares, the Company shall either issue and deliver to the Stockholder one or more certificates in the name of the Stockholder for that number of Shares purchased by the Stockholder, hold such Share certificates in escrow until the underlying
Shares may be transferred freely without restriction under this Agreement, or provide for uncertificated, book entry issuance of those Shares. 

2. Restrictions on Transfer. Subject to applicable provisions in any other governing documents of the Company or other agreements
entered into by the Stockholder, including but not limited to the Company’s certificate of incorporation or bylaws, the Stockholder shall not transfer any of the Shares, except by a transfer that meets the following requirements: 

(a) Notice Requirement. If at any time the Stockholder proposes to sell or otherwise transfer or assign for cash, cash equivalents or
any other form of consideration (including a promissory note) pursuant to a bona fide offer from any third party all or any part of his or her vested Shares (the “Offered Shares”), the Stockholder shall first give written
notice of the proposed transfer (the “Transfer Notice”) to the Company. The Transfer Notice shall name the proposed transferee(s) and state the number of shares to be transferred, the price per share and all other material
terms and conditions of the transfer. 
 (b) Company’s Right to Purchase. For 30 days following its receipt of such Transfer
Notice, the Company shall have the right to purchase all or any lesser part of the Offered Shares at the price and upon the terms and conditions set forth in the Transfer Notice. In the event the Company elects to purchase all or any lesser part of
the Offered Shares, it shall give written notice of its election to the Stockholder within such 30-day period, and the settlement of the sale on such Offered Shares shall be made as provided below in
Section 2(c) of this Agreement. 

  
 - 1 - 

 (c) Settlement. If the Company elects to acquire all or any lesser part of the
Offered Shares, the Company shall so notify the Stockholder, and settlement shall be made at the principal executive office of the Company in cash within 60 days after the Company receives the Transfer Notice; provided, however, if the
terms of payment set forth in the Stockholder’s Transfer Notice were other than cash against delivery, the Company may pay for such Offered Shares on the same terms and conditions set forth in the Transfer Notice or may pay cash in lieu of such
other consideration. If the consideration offered for the Offered Shares includes non-cash consideration, the dollar value of such non-cash consideration shall be
determined by the Company’s Board of Directors, whose good faith determination shall be conclusive. Notwithstanding anything in this Agreement to the contrary, the provisions of Section 6 of this Agreement shall be controlling, to the
extent applicable, regarding any payment due with respect to the Company’s purchase of the Offered Shares and shall not preclude a determination for purposes of this Agreement that “settlement” of the Company’s purchase of the
Offered Shares has been duly made pursuant to this Section 2(c) if any payment due the Stockholder is deferred accordingly. 
 (d)
Sales Free of Restrictions. If the Company does not elect to purchase all of the Offered Shares, the Stockholder may, not sooner than 35 or later than 120 days following delivery of the Transfer Notice, enter into an agreement providing for
the closing of the transfer of the Offered Shares covered by the Transfer Notice within 30 days of the date such agreement is entered into on the same terms and conditions as those described in the Transfer Notice. Any proposed transfer on different
terms and conditions than those described in the Transfer Notice, as well as any subsequent proposed transfer of any of the Shares, shall again be subject to the right of first refusal of the Company and shall require compliance by the Stockholder
with the procedures described in this Section 2. 
 (e) Exempt Transactions. The following transactions shall be exempt from the
provisions of this Section 2: 
 (i) the Stockholder’s transfer of any or all of the Stockholder’s Shares, either during the
Stockholder’s lifetime or on death by will or the laws of descent and distribution, to one or more members of the Stockholder’s immediate family, to a trust for the exclusive benefit of the Stockholder or such immediate family members, to
any other entity owned exclusively by the Stockholder or such immediate family members, or to any combination of the foregoing (each, a “Permitted Transferee”); provided, however, that no transfers made pursuant
to any divorce or separation proceedings or settlements shall be exempt from this Section 2. “Immediate family member” shall mean spouse, children, grandchildren, parents or siblings of the Stockholder, including in each
case in-laws and adoptive relations; 
 (ii) any transfer to the Company in pledge as security for
any purchase-money indebtedness incurred by the Stockholder in connection with the acquisition of the Shares; or 
  

  
 - 2 - 

 (iii) any transfer pursuant to a registration statement filed by the Company with the
Securities and Exchange Commission. 
 Notwithstanding anything to the contrary contained elsewhere in this Section 2, except with
respect to a transfer pursuant to Section 2(e)(iii), any proposed transferee or Permitted Transferee of the Stockholder shall receive and hold such stock subject to the provisions of this Agreement, and, as a condition of such transfer, shall
deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement. There shall be no subsequent transfer of such stock except in accordance with this Section 2. 

(f) Termination of Restrictions on Transfer. The foregoing restrictions on transfer in this Section 2 shall terminate upon the
closing of the first public offering of capital stock of the Company that is effected pursuant to a registration statement filed with, and declared effective by, the Securities and Exchange Commission under the Securities Act of 1933 (the
“Securities Act”) or the exchange of the Shares for shares of an entity that are so registered. 
 3. Effect of
Prohibited Transfer. The Company shall not be required to (a) transfer on its books any of the Shares that have been sold or transferred in violation of any of the provisions set forth in this Agreement, or (b) treat as owner of such
Shares or to pay dividends or other distributions to any transferee to whom any such Shares shall have been so sold or transferred. 
 4.
Company’s Repurchase Right. 
 (a) Upon the termination of the Stockholder’s employment or service relationship with the
Company for any reason, the Company shall have the right and option to purchase, and the Stockholder or the Stockholder’s personal representative, estate, heirs, legatees, or Permitted Transferees, as the case may be, shall have the obligation
to sell upon the Company’s request, any or all of the Stockholder’s Shares, which option may be exercised at any time and from time to time by the Company by giving written notice to the Stockholder or personal representative, estate,
heirs, legatees, or Permitted Transferees, as the case may be, stating the number of Shares to be purchased. The purchase price for such Shares shall be determined pursuant to Section 4(b) of this Agreement. Settlement of the purchase shall be
made at the principal executive office of the Company within 30 days after delivery of such written notice. Notwithstanding the foregoing, the repurchase option of the Company described in this Section 4: (i) shall not be exercisable with
respect to Offered Shares when the Company has a right to purchase such Offered Shares pursuant to Section 2(b) of this Agreement nor, if the Company does not elect to purchase all of the Offered Shares, during the period set forth in
Section 2(d) of this Agreement in which the Offered Shares are transferable pursuant to the terms of the Transfer Notice; and (ii) shall terminate, solely with respect to vested Shares, upon the closing of the first public offering of
securities of the Company that is effected pursuant to a registration statement filed with, and declared effective by, the Securities and Exchange Commission under the Securities Act of 1933 or the exchange of the Shares for shares of an entity that
are so registered. 

  
 - 3 - 

 (b) The purchase price for any Shares sold and purchased pursuant to this Section 4
shall be equal to their Fair Market Value as determined under Section 4(c) of this Agreement. 
 (c) For purposes of this Agreement, the
Fair Market Value of Shares shall be determined in good faith by the Board of Directors of the Company. In making such determination, the Board of Directors may take into account any valuation factors it deems appropriate or advisable in its sole
discretion, including, without limitation, profitability, financial position, asset value or other factor relating to the value of the Company, as well as discounts to account for minority interests and lack of marketability. 

5. Drag-Along Right. Notwithstanding anything contained herein to the contrary, if at any time the Company’s Board of Directors
approves the entering into of any transaction involving (a) a sale of more than 50% of the outstanding voting capital stock of the Company in a non-public sale or (b) any merger, share exchange,
consolidation or other reorganization or business combination of the Company immediately after which a majority of the directors of the surviving entity is not comprised of persons who were directors of the Company immediately prior to such
transaction or after which persons who hold a majority of the voting capital stock of the surviving entity are not persons who held voting capital stock of the Company immediately prior to such transaction (a “Change-in-Control Transaction”), the Company may require the Stockholder to participate in such
Change-in-Control Transaction with respect to all or such number of the Stockholder’s Shares as the Company may specify in its discretion, by giving the Stockholder
written notice thereof at least ten days in advance of the date of the transaction or the date that tender is required, as the case may be. Upon receipt of such notice, the Stockholder shall tender the specified number of Shares, at the same price
and upon the same terms and conditions applicable to other holders of the same series or class of securities in the transaction or, in the discretion of the acquirer or successor to the Company, upon payment of the purchase price to the Stockholder
in immediately available funds. In addition, if at any time the Company proposes to enter into any such Change-in-Control Transaction, the Company may require the
Stockholder to vote in favor of such transaction, where approval of the shareholders is required by law or otherwise sought, by giving the Stockholder notice thereof within the time prescribed by law and the Company’s Certificate of
Incorporation and By-Laws for giving notice of a meeting of shareholders called for the purpose of approving such transaction. If the Company requires such vote, the Stockholder agrees that he or she will, if
requested, deliver his or her proxy to the person designated by the Company to vote his or her Shares in favor of such Change-in-Control Transaction. 

6. Company’s Right to Defer Payments. Notwithstanding anything herein to the contrary, no payment shall be made under this
Agreement that would cause the Company to violate any law, or any rights or preference of preferred shareholders of the Company, any banking agreement or loan or other financial covenant or cause default of any senior indebtedness of the Company,
regardless of when such agreement, covenant or indebtedness was created, incurred or assumed. Any payment under this Agreement that would cause such violation or default shall be deferred until, in the sole discretion of the Board of Directors of
the Company, such payment shall no longer cause any such violation or default. Any payment deferred in consequence of the provisions of the preceding sentence shall bear simple interest from the date such payment would otherwise have been made to
the date when such payment is 

  
 - 4 - 

 
actually made, at a rate which is equal to the prime rate of interest published in the Wall Street Journal on the date such payment would otherwise have been made, but in no event
shall such rate of interest exceed 10 percent per annum. The Company shall pay interest at the same time as it makes the payment to which such interest relates. 

7. Restrictive Legend. All certificates representing Shares shall have affixed thereto a legend in substantially the following form, in
addition to any other legends that may be required under federal or state securities laws or other applicable agreements: 
 The shares of
stock represented by this certificate are subject to restrictions on transfer, provisions, limitations and restrictions set forth in a certain Stock Restriction Agreement between the corporation and the registered owner of this certificate (or such
person’s predecessor in interest), and no transfer of such shares may be made without compliance with that Agreement. A copy of that Agreement is available for inspection at the office of the corporation upon appropriate request and without
charge. 
 The securities represented by this stock certificate have not been registered under the Securities Act of 1933 (the
“Act”) or applicable state securities laws (the “State Acts”), and shall not be sold, pledged, hypothecated, donated, or otherwise transferred (whether or not for consideration) by the holder except
upon the issuance to the corporation of a favorable opinion of its counsel and/or submission to the corporation of such other evidence as may be satisfactory to counsel for the corporation, to the effect that any such transfer shall not be in
violation of the Act and the State Acts. 
 8. Investment Representations. The Stockholder represents, warrants and covenants 

as follows: 
 (a) Stockholder is purchasing the
Shares for the Stockholder’s own account for investment only, and not with a view to, or for sale in connection with, any distribution of the Shares in violation of the Securities Act of 1933 (the “Securities Act”), or
any rule or regulation under the Securities Act. 
 (b) Stockholder understands that the Shares are being issued without registration under
the Securities Act, in reliance upon one or more exemptions contained in the Securities Act, and such reliance is based in part on the above representation. The Stockholder also understands that the Company is not obligated to comply with the
registration requirements of the Securities Act or with the requirements for an exemption under Regulation A under the Securities Act for the Stockholder’s benefit. 

(c) Stockholder has had such opportunity as the Stockholder deemed adequate to obtain from representatives of the Company such information as
is necessary to permit the Stockholder to evaluate the merits and risks of the Stockholder’s investment in the Company. 

  
 - 5 - 

 (d) Stockholder has sufficient experience in business, financial and investment matters to
be able to evaluate the risks involved in the purchase of the Shares and to make an informed investment decision with respect to such purchase. 

(e) Stockholder can afford a complete loss of the value of the Shares and is able to bear the economic risk of holding such Shares for an
indefinite period. 
 (f) Stockholder understands that (i) the Shares have not been registered under the Securities Act and are
“restricted securities” within the meaning of Rule 144 under the Securities Act; (ii) the Shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the Securities Act or an
exemption from registration is then available and, therefore, they may need to be held indefinitely; and (iii) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company
and the Company has no obligation or current intention to register the Shares under the Securities Act. As a condition to any transfer of the Shares, the Stockholder understands that the Company may require an opinion of counsel satisfactory to the
Company to the effect that such transfer does not require registration under the Securities Act or any state securities law. 
 9.
Adjustments for Stock Splits, Stock Dividends, etc. 
 (a) If from time to time there is any
spin-off, stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional
securities to which the Stockholder is entitled by reason of his or her ownership of the Shares shall be immediately subject to the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the
Shares. 
 (b) If the Shares are converted into or exchanged for, or shareholders of the Company receive by reason of any distribution in
total or partial liquidation, securities of another corporation, or other property (including cash), pursuant to any merger of the Company or acquisition of its assets, then the rights of the Company under this Agreement shall inure to the benefit
of the Company’s successor, and this Agreement shall apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares. 

10. Market Stand-Off. The Stockholder acknowledges that he or she is subject to a Market Stand-Off Period and other stop-transfer restrictions with respect to the Shares as set forth in the Option Grant Agreement. 

11. Withholding Taxes. The Stockholder acknowledges and agrees that the Company has the right to deduct from payments of any kind
otherwise due to the Stockholder any federal, state or local taxes of any kind required by law to be withheld with respect to the purchase, sale or vesting of the Shares by the Stockholder. 

12. Invalidity or Unenforceability. It is the intention of the Company and the Stockholder that this Agreement shall be enforceable to
the fullest extent allowed by law. In the event that a court having jurisdiction holds any provision of this Agreement to be invalid or unenforceable, in whole or in part, the Company and the Stockholder agree that, if allowed by law, that provision
shall be reduced to the degree necessary to render it valid and enforceable without affecting the rest of this Agreement. 

  
 - 6 - 

 13. Waiver. No delay or omission by the Company in exercising any right under this
Agreement shall operate as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion.

 14. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Company and the Stockholder and their
respective heirs, executors, administrators, legal representatives, successors and assigns, subject to the terms, conditions and restrictions set forth in this Agreement. The Company may assign its rights under this Agreement to a third party,
provided that such assignee agrees to be bound by all of the Company’s obligations under this Agreement. 
 15. No Rights To
Employment. Nothing contained in this Agreement shall be construed as giving the Stockholder any right to be retained, in any position, as an employee or other service provider of the Company for any period of time or to restrict the
Company’s right to terminate the Stockholder’s employment or other service relationship at any time with or without cause or notice. 

16. Notices. All notices and other communications made or given pursuant to this Agreement shall be in writing and shall be sufficiently
made or given if hand delivered or mailed by certified mail, addressed to the Stockholder at the address contained in the records of the Company, or addressed to the Company for the attention of its Corporate Secretary at its principal executive
office or transmitted and received via telecopy or via such other electronic transmission mechanism as may be available to the parties. 

17. Pronouns. Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine
or neuter forms, and the singular form of nouns and pronouns shall include the plural, and vice versa. 
 18. Stockholder. Whenever
the word “Stockholder” is used in any provision of this Agreement under circumstances where the provision should logically be construed, as determined by the Board of Directors of the Company, to apply to the
Stockholder’s estate, personal representative, beneficiary to whom the Shares may be transferred by will or by the laws of descent and distribution, transferees, successors or assignees, the word “Stockholder” shall be
deemed to include such persons. 
 19. Entire Agreement. This Agreement constitutes the entire agreement between the parties, and
supersedes all prior agreements and understandings, relating to the subject matter of this Agreement. 
 20. Amendment. This Agreement
may be amended or modified only by a written instrument executed by both the Company and the Stockholder. 

  
 - 7 - 

 21. Governing Law. This Agreement shall be construed, interpreted and enforced in
accordance with the laws of the State of California, without regard to its provisions concerning the applicability of laws of other jurisdictions. Any suit with respect hereto will be brought in the federal or state courts in the districts which
include the principal executive offices of the Company, and the Stockholder hereby agrees and submits to the personal jurisdiction and venue thereof. 

*    *    *    *    * 

IN WITNESS WHEREOF, the parties hereto have executed this Stock Restriction Agreement as of the day and year first above
written. 
  

			
	PROCORE TECHNOLOGIES, INC.
		
	By:	 	
                     
        

		
	Name:	 	  

	Print
		
	Title:	 	  

	
	STOCKHOLDER
	
	  

	Signature
		
	Name:	 	
                 

		
	Address:	 	  

		 	  

		 	  

  
 - 8 - 

 If the Stockholder resides in a community property state, including Arizona, California, Idaho,
Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin, the Stockholder’s spouse must execute the following Consent of Community Property Spouse. 

Consent of Community Property Spouse 

The undersigned spouse of the Stockholder has read, understands, and hereby approves the purchase of shares of Common Stock pursuant to this
Stock Restriction Agreement and the related Option Grant Agreement between the Stockholder and the Company (the “Agreements”). In consideration of the Company’s granting my spouse the right to purchase the Shares as set
forth in the Agreements, the undersigned hereby agrees to be irrevocably bound by the Agreements and further agrees that any community property interest shall similarly be bound by the Agreements. The undersigned hereby appoints the Stockholder as
my attorney-in-fact with respect to any amendment or exercise of any rights under the Agreements. 

 

					
	Date:                                    
	 	        Signed:	 	
                     

		 	        Signature of Stockholder’s Spouse
			
		 	Address:	 	  

		 		 	  

		 		 	  

  
 - 9 - 

 Grant No.: 

PROCORE TECHNOLOGIES, INC. 

2014 EQUITY INCENTIVE PLAN 

NONQUALIFIED STOCK OPTION NOTICE 

This Nonqualified Stock Option Notice (this “Notice”) evidences the award of a stock option (the
“Option”) that has been granted to you, ____________, subject to and conditioned upon your agreement to the terms of the attached Nonqualified Stock Option Agreement (the “Agreement”). The Option
entitles you to purchase shares of Common Stock, par value $0.0001 per share (“Common Stock”), of Procore Technologies, Inc., a Delaware corporation (the “Company”), under the Procore Technologies,
Inc. 2014 Equity Incentive Plan (the “Plan”). The number of shares you may purchase and the exercise price at which you may purchase them are specified below. This Notice constitutes part of and is subject to the terms and
provisions of the Agreement and the Plan, which are incorporated by reference herein. You must return an executed copy of this Notice to the Company within 30 days of the date hereof. If you fail to do so, the Administrator may
declare the Option to be null and void. 
 Grant Date: __________ 

Number of Shares: __________ 
 Exercise
Price: $                     per share 

Vesting Commencement Date: __________ 

Expiration Date: The Option expires at 5:00 p.m. Pacific Time on the 10th anniversary of the Grant
Date (the “Expiration Date”), unless fully exercised or terminated earlier. 
 Exercisability Schedule: Subject to the terms
and conditions described in the Agreement, the Option becomes exercisable in accordance with the schedule below: 
 [Vesting Schedule] 

The shares of Common Stock subject to the Option which become exercisable as of a particular date shall be rounded down to the nearest whole share. However,
exercisability shall be rounded up to 100% on the [                 ] year anniversary date of the Vesting Commencement Date. 

  
 (signatures on
following page) 

 
			
	PROCORE TECHNOLOGIES, INC.

 
			
		
	By:	 	
                     
        

 
			
	Printed Name:	 	  

 
			
	Title:	 	  

	Date:	 	  

 I acknowledge that I have carefully read the attached Agreement and the Plan and agree to be bound by all of the
provisions set forth in these documents. 
  

			
	OPTIONEE:
		
	Signed:	 	
                 

		
	Date:	 	

  
  

Enclosures: 
   Nonqualified Stock Option
Agreement 
   Procore Technologies, Inc. 2014 Equity Incentive Plan 

  Exercise Form 
   Stock
Restriction Agreement 

  
 SIGNATURE PAGE TO
NONQUALIFIED OPTION NOTICE 

 PROCORE TECHNOLOGIES, INC. 

2014 EQUITY INCENTIVE PLAN 

NONQUALIFIED STOCK OPTION AGREEMENT 

1. Terminology. Capitalized terms used in this Nonqualified Stock Option Agreement (this “Agreement”) are
defined in the correlating Nonqualified Stock Option Notice and/or the Glossary at the end of the Agreement. 
 2. Exercise of Option.

 (a) Exercisability. The Option will become exercisable in accordance with the Exercisability Schedule set forth in the Stock Option
Notice, so long as you are in the Service of the Company from the Grant Date through the applicable exercisability dates. None of the Option will become exercisable after your Service with the Company ceases, unless the Stock Option Notice provides
otherwise with respect to exercisability that arises as a result of your cessation of Service. 
 (b) Right to Exercise. You may
exercise the Option, to the extent exercisable, at any time on or before 5:00 p.m. Pacific Time on the Expiration Date or the earlier termination of the Option, unless otherwise provided under applicable law. Notwithstanding the foregoing, if at any
time the Administrator determines that the delivery of Shares under the Plan or this Agreement is or may be unlawful under the laws of any applicable jurisdiction, or Federal, state or foreign securities laws, the right to exercise the Option or
receive Shares pursuant to the Option shall be suspended until the Administrator determines that such delivery is lawful. If at any time the Administrator determines that the delivery of Shares under the Plan or this Agreement is or may violate the
rules of the national securities exchange on which the shares are then listed for trade, the right to exercise the Option or receive Shares pursuant to the Option shall be suspended until the Administrator determines that such exercise or delivery
would not violate such rules. Section 3 below describes certain limitations on exercise of the Option that apply in the event of your death, Total and Permanent Disability, or termination of Service. The Option may be exercised only in
multiples of whole Shares and may not be exercised at any one time as to fewer than one hundred Shares (or such lesser number of Shares as to which the Option is then exercisable). No fractional Shares will be issued under the Option. 

(c) Exercise Procedure. In order to exercise the Option, you must provide the following items to the Secretary of the Company or his or
her delegate before the expiration or termination of the Option: 
  

	 	(i)	 notice, in such manner and form as the Administrator may require from time to time, specifying the number of
Shares to be purchased under the Option; and 

  
 - 1 - 

	 	(ii)	 full payment of the Exercise Price for the Shares or properly executed, irrevocable instructions, in such
manner and form as the Administrator may require from time to time, to effectuate a broker-assisted cashless exercise, each in accordance with Section 2(d) of this Agreement; 

 

	 	(iii)	 full payment of applicable withholding taxes, if any, pursuant to Section 7 of the Agreement; and

  

	 	(iv)	 an executed copy of the Stock Restriction Agreement, the Company’s then-current voting agreement and right
of first refusal and co-sale agreement and any other agreements requested by the Administrator pursuant to Section 2(e) of this Agreement or pursuant to Section 7(f) of the Plan.

 An exercise will not be effective until the Secretary of the Company or his or her delegate receives all of the foregoing items, and
such exercise otherwise is permitted under and complies with all applicable federal, state and foreign securities laws. Notwithstanding the foregoing, if the Administrator permits payment by means of delivering properly executed, irrevocable
instructions, in such manner and form as the Administrator may require from time to time, to effectuate a broker-assisted cashless exercise and such instructions provide for sale of Shares under a limit order rather than at the market, the exercise
will not be effective until the earlier of the date the Company receives delivery of cash or cash equivalents in full payment of the Exercise Price or the date the Company receives confirmation from the brokerage firm that the sale instruction has
been fulfilled, and the exercise will not be effective unless the earlier of such dates occurs on or before termination of the Option. 
 (d)
Method of Payment. You may pay the Exercise Price by: 
  

	 	(i)	 delivery of cash, certified or cashier’s check, money order or other cash equivalent acceptable to the
Administrator in its discretion; 

  

	 	(ii)	 a broker-assisted cashless exercise in accordance with Regulation T of the Board of Governors of the Federal
Reserve System through a brokerage firm designated or approved by the Administrator; 

  

	 	(iii)	 subject to such limits as the Administrator may impose from time to time, tender (via actual delivery or
attestation) to the Company of other shares of Common Stock of the Company which have a Fair Market Value on the date of tender equal to the Exercise Price, provided that tender of such shares will not result in the Company having to record a
charge to earnings under United States generally accepted accounting principles then applicable to the Company; 

  

	 	(iv)	 any other method approved by the Administrator; or 

 

	 	(v)	 any combination of the foregoing. 

 

  
 - 2 - 

 (e) Agreement to Execute Other Agreements. You agree to execute, as a condition
precedent to the exercise of the Option and at any time thereafter as may reasonably be requested by the Administrator, any agreements requested by the Administrator pursuant to Section 7(f) of the Plan and a Stock Restriction Agreement
substantially in the form, and containing the terms and provisions, of the Stock Restriction Agreement attached hereto as Exhibit A, with respect to any shares you acquire pursuant to this Agreement; provided, however, that execution of the Stock
Restriction Agreement will not be required upon any exercise that occurs after the closing of the first public offering of capital stock of the Company that is effected pursuant to a registration statement filed with, and declared effective by, the
Securities and Exchange Commission under the Securities Act of 1933 or, if later, the expiration of any market stand-off agreement that applies to other stockholders of the Company respecting such public
offering of capital stock. 
 (f) Issuance of Shares upon Exercise. The Company shall issue to you the Shares underlying the Option
you exercise as soon as practicable after the exercise date, subject to the Company’s receipt of the aggregate exercise price and the requisite withholding taxes, if any. Upon issuance of such Shares, the Company may deliver, subject to the
provisions of Section 7 below, such Shares on your behalf electronically to the Company’s designated stock plan administrator or such other broker-dealer as the Company may choose at its sole discretion, within reason, or deliver a share
certificate to you or retain such Shares in uncertificated book-entry form. Any share certificates delivered will, unless the Shares are registered or an exemption from registration is available under applicable federal and state law, bear a legend
restricting transferability of such Shares and referencing any applicable stock restriction agreements. 
 3. Termination of Service.

 (a) Termination of Unexercisable Option. If your Service with the Company ceases for any reason, any portion of the Option that is
then unexercisable will terminate immediately upon such cessation[; provided, however, that if your Service ceases within twelve (12) months following a Change in Control due to your termination by the Company other than for Cause, then any portion
of the Option that is then unexercisable shall become fully exercisable as of immediately prior to such termination of Service]. 
 (b)
Exercise Period Following Termination of Service. If your Service with the Company ceases for any reason other than discharge for Cause, the Option that is then exercisable will terminate upon the earliest of: 

(i) the expiration of 90 days following such cessation, if your Service ceases on account of (1) your termination by the
Company other than a discharge for Cause, or (2) your voluntary termination other than for Total and Permanent Disability or death; 

(ii) the expiration of 6 months following such cessation, if your Service ceases on account of your Total and Permanent
Disability or death; 
  
  

  
 - 3 - 

 (iii) the expiration of 6 months following your death, if your death occurs
during the periods described in clauses (i) or (ii) of this Section 3(b), as applicable; or 
 (iv) the Expiration
Date. 
 In the event of your death, the exercisable Option may be exercised by your executor, personal representative, or the person(s) to whom the Option
is transferred by will or the laws of descent and distribution. 
 (c) Misconduct. The Option will terminate at the election of the
Administrator in its entirety, regardless of whether the Option is then exercisable, immediately upon your discharge from Service for Cause, or upon your commission of any of the following acts during the exercise period following your termination
of Service: (i) fraud on or misappropriation of any funds or property of the Company, or (ii) your breach of any provision of any employment, non-disclosure,
non-solicitation, assignment of inventions, or other similar agreement executed by you for the benefit of the Company, as determined by the Administrator, which determination will be conclusive. 

(d) Changes in Status. If you cease to be a “common law employee” of the Company but you continue to provide bona fide
services to the Company following such cessation in a different capacity, including without limitation as a director, consultant or independent contractor, then a termination of Service shall not be deemed to have occurred for purposes of this
Section 3 upon such change in capacity. In the event that your Service is with a business, trade or entity that, after the Grant Date, ceases for any reason to be part or an Affiliate of the Company, your Service will be deemed to have
terminated for purposes of this Section 3 upon such cessation if your Service does not continue uninterrupted immediately thereafter with the Company or an Affiliate of the Company. 

4. Market Stand-Off Agreement. You agree that following the effective date of a registration
statement of the Company filed under the Securities Act of 1933, you, for the duration specified by and to the extent requested by the Company and an underwriter of Common Stock or other securities of the Company, shall not offer, sell, contract to
sell, pledge or otherwise dispose of, directly or indirectly, any equity securities of the Company, or any securities convertible into or exchangeable or exercisable for such securities, enter into a transaction which would have the same effect, or
enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of such securities, whether any such aforementioned transaction is to be settled by delivery of such securities or
other securities, in cash or otherwise, or publicly disclose the intention to make any such offer, sale, pledge or disposition, or to enter into any such transaction, swap, hedge or other arrangement, in each case during the seven days prior to and
the 180 days after the effectiveness of any underwritten offering of the Company’s equity securities (or such longer or shorter period as may be requested in writing by the managing underwriter and agreed to in writing by the Company) (the
“Market Stand-Off Period”), except as part of such underwritten registration if otherwise permitted. In addition, you agree to execute any further letters,
agreements and/or other documents requested by the Company or its underwriters that are consistent with the terms of this Section 4. The Company may impose stop-transfer instructions with respect to securities subject to the foregoing
restrictions until the end of such Market Stand-Off Period. 

  
 - 4 - 

 5. Nontransferability of Option. This Option is nontransferable otherwise than by
will or the laws of descent and distribution and during your lifetime, the Option may be exercised only by you or, during the period you are under a legal disability, by your guardian or legal representative. Except as provided above, the Option may
not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. 

6. Nonqualified Nature of the Option. The Option is intended to be a nonqualified stock option. You should consult with your personal
tax advisors in this regard. 
 7. Withholding of Taxes. At the time the Option is exercised, in whole or in part, or at any time
thereafter as requested by the Company, you hereby authorize withholding from payroll or any other payment of any kind due to you and otherwise agree to make adequate provision for foreign, federal, state and local taxes required by law to be
withheld, if any, which arise in connection with the Option. The Company may require you to make a cash payment to cover any withholding tax obligation as a condition of exercise of the Option or issuance of share certificates representing Shares.

 The Administrator may, in its sole discretion, permit you to satisfy, in whole or in part, any withholding tax obligation which may arise
in connection with the Option either by electing to have the Company withhold from the Shares to be issued upon exercise that number of Shares, or by electing to deliver to the Company already-owned shares, in either case having a Fair Market Value
not in excess of the amount necessary to satisfy the statutory minimum withholding amount due. 
 8. Adjustments. The Administrator
may make various adjustments to your Option, including adjustments to the number and type of securities subject to the Option and the Exercise Price, in accordance with the terms of the Plan. In the event of any transaction resulting in a Change in
Control (as defined in the Plan) of the Company, the unexercised portion of the Option will terminate upon the effective time of such Change in Control unless provision is made in connection with the transaction for the continuation or assumption of
the unexercised portion of the Option by, or for the substitution of the equivalent awards of, the surviving or successor entity or a parent thereof. In the event of such termination, you will be permitted, immediately before the Change in Control,
to exercise or convert all portions of the unexercised Option that are then exercisable or which become exercisable upon or prior to the effective time of the Change in Control. 

9. Non-Guarantee of Employment or Service Relationship. Nothing in the Plan or this Agreement
will alter your at-will or other employment status or other service relationship with the Company, nor be construed as a contract of employment or service relationship between you and the Company, or as a
contractual right for you to continue in the employ of, or in a service relationship with, the Company for any period of time, or as a limitation of the right of the Company to discharge you at any time with or without Cause or notice and whether or
not such discharge results in the failure of the Option to become exercisable or any other adverse effect on your interests under the Plan. 

  
 - 5 - 

 10. No Rights as a Stockholder. You shall not have any of the rights of a stockholder
with respect to the Shares until such Shares have been issued to you upon the due exercise of the Option. No adjustment will be made for dividends or distributions or other rights for which the record date is prior to the date such Shares are
issued. 
 11. The Company’s Rights. The existence of the Option shall not affect in any way the right or power of the Company or
its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds,
debentures, preferred or other stocks with preference ahead of or convertible into, or otherwise affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of the
Company’s assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
 12. Entire
Agreement. This Agreement, together with the correlating Stock Option Notice and the Plan, contain the entire agreement between you and the Company with respect to the Option. Any oral or written agreements, representations, warranties, written
inducements, or other communications made prior to the execution of this Agreement with respect to the Option shall be void and ineffective for all purposes. 

13. Amendment. This Agreement may be amended from time to time by the Administrator in its discretion; provided, however,
that this Agreement may not be modified in a manner that would have a materially adverse effect on the Option or Shares as determined in the discretion of the Administrator, except as provided in the Plan or in a written document signed by you and
the Company. 
 14. Conformity with Plan. This Agreement is intended to conform in all respects with, and is subject to all applicable
provisions of, the Plan. Any conflict between the terms of this Agreement and the Plan shall be resolved in accordance with the terms of the Plan. In the event of any ambiguity in this Agreement or any matters as to which this Agreement is silent,
the Plan shall govern. A copy of the Plan is provided to you with this Agreement. 
 15. Section 409A. This
Agreement and the Option granted hereunder are intended to comply with, or otherwise be exempt from, Section 409A of the Code. Nothing in the Plan or this Agreement shall be construed as including any feature for the deferral of compensation
other than the deferral of recognition of income until the exercise of the Option. Should any provision of the Plan or this Agreement be found not to comply with, or otherwise be exempt from, the provisions of Section 409A of the Code, it may
be modified and given effect, in the sole discretion of the Administrator and without requiring your consent, in such manner as the Administrator determines to be necessary or appropriate to comply with, or to effectuate an exemption from,
Section 409A of the Code. The foregoing, however, shall not be construed as a guarantee by the Company of any particular tax effect to you. 

  
 - 6 - 

 16. Electronic Delivery of Documents. By your signing the Stock Option Notice, you
(a) consent to the electronic delivery of this Agreement, all information with respect to the Plan and the Option, and any reports of the Company provided generally to the Company’s stockholders; (b) acknowledge that you may receive from
the Company a paper copy of any documents delivered electronically at no cost to you by contacting the Company by telephone or in writing; (c) further acknowledge that you may revoke your consent to the electronic delivery of documents at any
time by notifying the Company of such revoked consent by telephone, postal service or electronic mail; and (d) further acknowledge that you understand that you are not required to consent to electronic delivery of documents. 

17. No Future Entitlement. By execution of the Stock Option Notice, you acknowledge and agree that: (a) the grant of the Option is
a one-time benefit which does not create any contractual or other right to receive future grants of stock options, or compensation in lieu of stock options, even if stock options have been granted repeatedly
in the past; (b) all determinations with respect to any such future grants, including, but not limited to, the times when stock options shall be granted or shall become exercisable, the maximum number of shares subject to each stock option, and
the purchase price, will be at the sole discretion of the Administrator; (c) the value of the Option is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (d) the value of the Option is
not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards,
pension or retirement benefits; (e) the vesting of the Option ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be
explicitly provided in this Agreement; (f) if the underlying Common Stock does not increase in value, the Option will have no value, nor does the Company guarantee any future value; and (g) no claim or entitlement to compensation or
damages arises if the Option does not increase in value and you irrevocably release the Company from any such claim that does arise. 
 18.
Personal Data. For the purpose of implementing, administering and managing the Option, you, by execution of the Stock Option Notice, consent to the collection, receipt, use, retention and transfer, in electronic or other form, of your
personal data by and among the Company and its third party vendors or any potential party to any Change in Control transaction or capital raising transaction involving the Company. You understand that personal data (including but not limited to,
name, home address, telephone number, employee number, employment status, social security number, tax identification number, date of birth, nationality, job and payroll location, data for tax withholding purposes and shares awarded, cancelled,
exercised, vested and unvested) may be transferred to third parties assisting in the implementation, administration and management of the Option and the Plan and you expressly authorize such transfer as well as the retention, use, and the subsequent
transfer of the data by the recipient(s). You understand that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country. You understand
that data will be held only as long as is necessary to implement, administer and manage the Option. You understand that you may, at any time, request a list with the names and addresses of any potential recipients of the personal data, view data,
request additional information about the storage and processing of data, require any necessary amendments to data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing the Company’s Secretary. You
understand, however, that refusing or withdrawing your consent may affect your ability to accept a stock option. 

  
 - 7 - 

 19. Governing Law. The validity, construction, and effect of this Agreement, and of
any determinations or decisions made by the Administrator relating to this Agreement, and the rights of any and all persons having or claiming to have any interest under this Agreement, shall be determined exclusively in accordance with the laws of
the State of California (except to the extent that the General Corporation Law of the State of Delaware applies), without regard to its provisions concerning the applicability of laws of other jurisdictions. Any suit with respect hereto will be
brought in the federal or state courts in the district which includes the city or town in which the Company’s principal executive office is located, and you hereby agree and submit to the personal jurisdiction and venue thereof. 

20. Headings. The headings in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this
Agreement. 
 {Glossary begins on next page} 

  
 - 8 - 

 GLOSSARY 

(a) “Administrator” means the Board or the committee(s) or officer(s) appointed by the Board that have authority to
administer the Plan. 
 (b) “Affiliate” means any entity, whether now or hereafter existing, which controls, is
controlled by, or is under common control with, Procore Technologies, Inc. For this purpose, “control” means ownership of 50% or more of the total combined voting power or value of all classes of stock or interests of the entity. 

(c) “Cause” shall have the meaning set forth in any written employment agreement entered into between you and the
Company. If there is no such employment agreement, then “Cause” shall mean (i) your failure to perform duties or follow directions communicated to you by the Company, (ii) your commission of an act of fraud, misappropriation or
embezzlement with respect to the Company, (iii) your conviction of, or a plea of guilty or nolo contendere to, a felony or a crime of moral turpitude, in each case as determined by the Board, (iv) your unauthorized use or disclosure of the
confidential information or trade secrets of the Company; (v) your material misconduct or your material violation of a material Company policy; or (vi) your material breach of any agreement between you and the Company. The foregoing,
however, shall not be deemed an exclusive list of all acts or omissions that the Company may consider as grounds for your discharge. 
 (d)
“Change in Control” has the meaning ascribed to it in the Plan. 
 (e) “Company” includes
Procore Technologies, Inc. and its Affiliates, except where the context otherwise requires. For purposes of determining whether a Change in Control has occurred, Company shall mean only Procore Technologies, Inc. 

(f) “Fair Market Value” of a share of Common Stock generally means the value determined by the Administrator in good
faith at any time while such shares are not registered for trade on a public market. When shares of the Common Stock are registered for trade on a public market, “Fair Market Value” generally means the closing price per share of
Common Stock on the relevant date, as reported by the principal market or exchange upon which the Common Stock is listed or admitted for trade. Refer to the Plan for a detailed definition of Fair Market Value. 

(g) “Service” means your employment or other service relationship with the Company and its Affiliates. Your Service
will be considered to have ceased with the Company and its Affiliates if, immediately after a sale, merger or other corporate transaction, the trade, business or entity with which you are employed or otherwise have a service relationship is not the
Company or its successor or an Affiliate of the Company or its successor. 
 (h) “Shares” means the shares of Common
Stock underlying the Option. 
 (i) “Stock Option Notice” means the written notice evidencing the award of the Option
that correlates with and makes up a part of this Agreement. 

  
 - 9 - 

 (j) “Total and Permanent Disability” means the inability to engage
in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve months.
The Administrator may require such proof of Total and Permanent Disability as the Administrator in its sole discretion deems appropriate and the Administrator’s good faith determination as to whether you are totally and permanently disabled
will be final and binding on all parties concerned. 
 (k) “You”; “Your” means the recipient
of the award of Option as reflected on the Stock Option Notice. Whenever the Agreement refers to “you” under circumstances where the provision should logically be construed, as determined by the Administrator, to apply to your estate,
personal representative, or beneficiary to whom the Option may be transferred by will or by the laws of descent and distribution, the word “you” shall be deemed to include such person. 

  
 -10- 

 EXERCISE FORM 

Administrator of Procore Technologies, Inc. 2014 Equity Incentive Plan 

c/o Office of the Corporate Secretary 
 6309 Carpinteria Ave 

Carpinteria, CA 93013 
 Ladies and Gentlemen: 

I hereby exercise the Option granted to me
on                     , by Procore Technologies, Inc. (the “Company”), subject to all the terms and provisions of the
applicable grant agreement and of the Procore Technologies, Inc. 2014 Equity Incentive Plan (the “Plan”), and notify you of my desire to
purchase                     shares of Common Stock of the Company at a price of $ per share pursuant to the exercise of said Option. 

This will confirm my understanding with respect to the shares to be issued to me by reason of this exercise of the Option (the shares to be
issued pursuant hereto shall be collectively referred to hereinafter as the “Shares”) as follows: 
 (a) I am
purchasing the Shares for my own account for investment only, and not with a view to, or for sale in connection with, any distribution of the Shares in violation of the Securities Act of 1933 (the “Securities Act”), or any
rule or regulation under the Securities Act. 
 (b) I understand that the Shares are being issued without registration under the Securities
Act, in reliance upon one or more exemptions contained in the Securities Act, and such reliance is based in part on the above representation. I also understand that the Company is not obligated to comply with the registration requirements of the
Securities Act or with the requirements for an exemption under Regulation A under the Securities Act for my benefit. 
 (c) I have had such
opportunity as I deemed adequate to obtain from representatives of the Company such information as is necessary to permit me to evaluate the merits and risks of my investment in the Company. 

(d) I have sufficient experience in business, financial and investment matters to be able to evaluate the risks involved in the purchase of the
Shares and to make an informed investment decision with respect to such purchase. 
 (e) I can afford a complete loss of the value of the
Shares and am able to bear the economic risk of holding such Shares for an indefinite period. 
 (f) I understand that (i) the Shares
have not been registered under the Securities Act and are “restricted securities” within the meaning of Rule 144 under the Securities Act; (ii) the Shares cannot be sold, transferred or otherwise disposed of unless they
are subsequently registered under the Securities Act or an exemption from registration is then available and, therefore, they may need to be held indefinitely; and (iii) there is now no registration statement on file with the Securities and
Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register the Shares under the Securities Act. As a condition to any transfer of the Shares, I understand that the Company may
require an opinion of counsel satisfactory to the Company to the effect that such transfer does not require registration under the Securities Act or any state securities law. 

 (g) I understand that the certificates for the Shares to be issued to me will bear a legend
substantially as follows: 
 The shares of stock represented by this certificate are subject to restrictions on transfer, an option to
purchase and/or a market stand-off agreement set forth in a certain Nonqualified Stock Option Agreement, a certain Stock Restriction Agreement and other agreements, each between the corporation and the
registered owner of this certificate (or his/her predecessor in interest), and no transfer of such shares may be made without compliance with those Agreements. A copy of those Agreements is available for inspection at the office of the corporation
upon appropriate request and without charge. 
 The securities represented by this stock certificate have not been registered under the
Securities Act of 1933 (the “Act”) or applicable state securities laws (the “State Acts”), and shall not be sold, pledged, hypothecated, donated, or otherwise transferred
(whether or not for consideration) by the holder except upon the issuance to the corporation of a favorable opinion of its counsel and/or submission to the corporation of such other evidence as may be satisfactory to counsel for the corporation, to
the effect that any such transfer shall not be in violation of the Act and the State Acts. 
 The Company will issue appropriate stop transfer instructions
to its transfer agent. 
 (h) I agree that the Company does not have a duty to design or administer the 2014 Equity Incentive Plan or its
other compensation programs in a manner that minimizes my tax liabilities. I will not make any claim against the Company or its Board of Directors, officers or employees related to tax liabilities arising from my options or my other compensation. In
particular, I acknowledge that my options are exempt from §409A of the Internal Revenue Code only if the exercise price per share is at least equal to the fair market value per share of the Company’s Common Stock at the time the option was
granted by the Company’s Board of Directors. Since shares of the Company’s Common Stock are not traded on an established securities market, the determination of their fair market value was made by the Company’s Board of Directors or
by an independent valuation firm retained by the Company. I acknowledge that there is no guarantee in either case that the Internal Revenue Service will agree with the valuation, and I will not make any claim against the Company or its Board of
Directors, officers or employees in the event that the Internal Revenue Service asserts that the valuation was too low. 
 (i) I am a party
to a Nonqualified Stock Option Agreement, a Stock Restriction Agreement and other agreements with the Company, pursuant to which I have agreed to certain restrictions on the transferability of the Shares and other matters relating thereto. 

Total Amount Enclosed: $                 

					
	Date:                                     
                                   	 	Signed:                                   
                                         
            
		
		 	Received
on                                    ,
20     _
		
		 	Procore Technologies, Inc.
			
		 	By:	 	                                      
                            
		 		 	Printed
Name:                                        
  
		 		 	Title:                                     
                    
		 		 	
		 		 	
		 		 	

 Exhibit A 

STOCK RESTRICTION AGREEMENT 

THIS STOCK RESTRICTION AGREEMENT (this “Agreement”) is made as
of                 , 20     , by and between Procore Technologies, Inc., a Delaware corporation (the “Company”),
and                     (the “Stockholder”). 

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Option Shares. The Stockholder was granted the right to purchase up
to                 shares (the “Option Shares”) of Common Stock of the Company, par value $0.0001 per share (the “Common
Stock”), pursuant to a stock option awarded under the Procore Technologies, Inc. 2014 Equity Incentive Plan (the “Plan”) on
                    , subject to the terms and conditions of the applicable stock option notice and stock option agreement evidencing such
award (the “Option Grant Agreement”). The Stockholder has purchased on even date
herewith,                     Option Shares (the “Shares”). The Stockholder agrees that the Shares shall be subject to
the terms, conditions and restrictions set forth in this Agreement and the Option Grant Agreement. The Stockholder further agrees that any additional Option Shares purchased by the Stockholder shall be subject to the terms, conditions and
restrictions set forth in this Agreement, and such shares shall be deemed Shares for all purposes hereunder. Upon receipt of payment by the Company for the Shares, the Company shall either issue and deliver to the Stockholder one or more
certificates in the name of the Stockholder for that number of Shares purchased by the Stockholder, hold such Share certificates in escrow until the underlying Shares may be transferred freely without restriction under this Agreement, or provide for
uncertificated, book entry issuance of those Shares. 
 2. Restrictions on Transfer. Subject to applicable provisions in any other
governing documents of the Company or other agreements entered into by the Stockholder, including but not limited to the Company’s certificate of incorporation or bylaws, the Stockholder shall not transfer any of the Shares, except by a
transfer that meets the following requirements: 
 (a) Notice Requirement. If at any time the Stockholder proposes to sell or
otherwise transfer or assign for cash, cash equivalents or any other form of consideration (including a promissory note) pursuant to a bona fide offer from any third party all or any part of his or her vested Shares (the “Offered
Shares”), the Stockholder shall first give written notice of the proposed transfer (the “Transfer Notice”) to the Company. The Transfer Notice shall name the proposed transferee(s) and state the number of shares
to be transferred, the price per share and all other material terms and conditions of the transfer. 
 (b) Company’s Right to
Purchase. For 30 days following its receipt of such Transfer Notice, the Company shall have the right to purchase all or any lesser part of the Offered Shares at the price and upon the terms and conditions set forth in the Transfer Notice. In
the event the Company elects to purchase all or any lesser part of the Offered Shares, it shall give written notice of its election to the Stockholder within such 30-day period, and the settlement of the sale
on such Offered Shares shall be made as provided below in Section 2(c) of this Agreement. 

  
 - 1 - 

 (c) Settlement. If the Company elects to acquire all or any lesser part of the
Offered Shares, the Company shall so notify the Stockholder, and settlement shall be made at the principal executive office of the Company in cash within 60 days after the Company receives the Transfer Notice; provided, however, if the
terms of payment set forth in the Stockholder’s Transfer Notice were other than cash against delivery, the Company may pay for such Offered Shares on the same terms and conditions set forth in the Transfer Notice or may pay cash in lieu of such
other consideration. If the consideration offered for the Offered Shares includes non-cash consideration, the dollar value of such non-cash consideration shall be
determined by the Company’s Board of Directors, whose good faith determination shall be conclusive. Notwithstanding anything in this Agreement to the contrary, the provisions of Section 6 of this Agreement shall be controlling, to the
extent applicable, regarding any payment due with respect to the Company’s purchase of the Offered Shares and shall not preclude a determination for purposes of this Agreement that “settlement” of the Company’s purchase of the
Offered Shares has been duly made pursuant to this Section 2(c) if any payment due the Stockholder is deferred accordingly. 
 (d)
Sales Free of Restrictions. If the Company does not elect to purchase all of the Offered Shares, the Stockholder may, not sooner than 35 or later than 120 days following delivery of the Transfer Notice, enter into an agreement providing for
the closing of the transfer of the Offered Shares covered by the Transfer Notice within 30 days of the date such agreement is entered into on the same terms and conditions as those described in the Transfer Notice. Any proposed transfer on different
terms and conditions than those described in the Transfer Notice, as well as any subsequent proposed transfer of any of the Shares, shall again be subject to the right of first refusal of the Company and shall require compliance by the Stockholder
with the procedures described in this Section 2. 
 (e) Exempt Transactions. The following transactions shall be exempt from the
provisions of this Section 2: 
 (i) the Stockholder’s transfer of any or all of the Stockholder’s Shares, either during the
Stockholder’s lifetime or on death by will or the laws of descent and distribution, to one or more members of the Stockholder’s immediate family, to a trust for the exclusive benefit of the Stockholder or such immediate family members, to
any other entity owned exclusively by the Stockholder or such immediate family members, or to any combination of the foregoing (each, a “Permitted Transferee”); provided, however, that no transfers made pursuant
to any divorce or separation proceedings or settlements shall be exempt from this Section 2. “Immediate family member” shall mean spouse, children, grandchildren, parents or siblings of the
Stockholder, including in each case in-laws and adoptive relations; 
 (ii) any
transfer to the Company in pledge as security for any purchase-money indebtedness incurred by the Stockholder in connection with the acquisition of the Shares; or 

(iii) any transfer pursuant to a registration statement filed by the Company with the Securities and Exchange Commission. 

  
 - 2 - 

 Notwithstanding anything to the contrary contained elsewhere in this Section 2, except
with respect to a transfer pursuant to Section 2(e)(iii), any proposed transferee or Permitted Transferee of the Stockholder shall receive and hold such stock subject to the provisions of this Agreement, and, as a condition of such transfer,
shall deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement. There shall be no subsequent transfer of such stock except in accordance with this Section 2.

 (f) Termination of Restrictions on Transfer. The foregoing restrictions on transfer in this Section 2 shall terminate upon the
closing of the first public offering of capital stock of the Company that is effected pursuant to a registration statement filed with, and declared effective by, the Securities and Exchange Commission under the Securities Act of 1933 (the
“Securities Act”) or the exchange of the Shares for shares of an entity that are so registered. 
 3. Effect of
Prohibited Transfer. The Company shall not be required to (a) transfer on its books any of the Shares that have been sold or transferred in violation of any of the provisions set forth in this Agreement, or (b) treat as owner of such
Shares or to pay dividends or other distributions to any transferee to whom any such Shares shall have been so sold or transferred. 
 4.
Drag-Along Right. Notwithstanding anything contained herein to the contrary, if at any time the Company’s Board of Directors approves the entering into of any transaction involving (a) a sale of more than 50% of the outstanding
voting capital stock of the Company in a non-public sale or (b) any merger, share exchange, consolidation or other reorganization or business combination of the Company immediately after which a majority
of the directors of the surviving entity is not comprised of persons who were directors of the Company immediately prior to such transaction or after which persons who hold a majority of the voting capital stock of the surviving entity are not
persons who held voting capital stock of the Company immediately prior to such transaction (a “Change-in-Control Transaction”), the Company may
require the Stockholder to participate in such Change-in-Control Transaction with respect to all or such number of the Stockholder’s Shares as the Company may
specify in its discretion, by giving the Stockholder written notice thereof at least ten days in advance of the date of the transaction or the date that tender is required, as the case may be. Upon receipt of such notice, the Stockholder shall
tender the specified number of Shares, at the same price and upon the same terms and conditions applicable to other holders of the same series or class of securities in the transaction or, in the discretion of the acquirer or successor to the
Company, upon payment of the purchase price to the Stockholder in immediately available funds. In addition, if at any time the Company proposes to enter into any such
Change-in-Control Transaction, the Company may require the Stockholder to vote in favor of such transaction, where approval of the shareholders is required by law or
otherwise sought, by giving the Stockholder notice thereof within the time prescribed by law and the Company’s Certificate of Incorporation and By-Laws for giving notice of a meeting of shareholders
called for the purpose of approving such transaction. If the Company requires such vote, the Stockholder agrees that he or she will, if requested, deliver his or her proxy to the person designated by the Company to vote his or her Shares in favor of
such Change-in-Control Transaction. 
 5. Company’s
Right to Defer Payments. Notwithstanding anything herein to the contrary, no payment shall be made under this Agreement that would cause the Company to violate any law, or any rights or preference of preferred shareholders of the Company, any
banking agreement or loan or other financial covenant or cause default of any senior indebtedness of the Company, regardless of when such agreement, covenant or indebtedness was created, incurred or 

  
 - 3 - 

 
assumed. Any payment under this Agreement that would cause such violation or default shall be deferred until, in the sole discretion of the Board of Directors of the Company, such payment shall
no longer cause any such violation or default. Any payment deferred in consequence of the provisions of the preceding sentence shall bear simple interest from the date such payment would otherwise have been made to the date when such payment is
actually made, at a rate which is equal to the prime rate of interest published in the Wall Street Journal on the date such payment would otherwise have been made, but in no event shall such rate of interest exceed 10 percent per annum.
The Company shall pay interest at the same time as it makes the payment to which such interest relates. 
 6. Restrictive Legend. All
certificates representing Shares shall have affixed thereto a legend in substantially the following form, in addition to any other legends that may be required under federal or state securities laws or other applicable agreements: 

The shares of stock represented by this certificate are subject to restrictions on transfer, provisions, limitations and restrictions set forth
in a certain Stock Restriction Agreement between the corporation and the registered owner of this certificate (or such person’s predecessor in interest), and no transfer of such shares may be made without compliance with that Agreement. A copy
of that Agreement is available for inspection at the office of the corporation upon appropriate request and without charge. 
 The securities
represented by this stock certificate have not been registered under the Securities Act of 1933 (the “Act”) or applicable state securities laws (the “State Acts”), and shall not be sold, pledged,
hypothecated, donated, or otherwise transferred (whether or not for consideration) by the holder except upon the issuance to the corporation of a favorable opinion of its counsel and/or submission to the corporation of such other evidence as may be
satisfactory to counsel for the corporation, to the effect that any such transfer shall not be in violation of the Act and the State Acts. 

7. Investment Representations. The Stockholder represents, warrants and covenants as follows: 

(a) Stockholder is purchasing the Shares for the Stockholder’s own account for investment only, and not with a view to, or for sale in
connection with, any distribution of the Shares in violation of the Securities Act of 1933 (the “Securities Act”), or any rule or regulation under the Securities Act. 

(b) Stockholder understands that the Shares are being issued without registration under the Securities Act, in reliance upon one or more
exemptions contained in the Securities Act, and such reliance is based in part on the above representation. The Stockholder also understands that the Company is not obligated to comply with the registration requirements of the Securities Act or with
the requirements for an exemption under Regulation A under the Securities Act for the Stockholder’s benefit. 

  
 - 4 - 

 (c) Stockholder has had such opportunity as the Stockholder deemed adequate to obtain from
representatives of the Company such information as is necessary to permit the Stockholder to evaluate the merits and risks of the Stockholder’s investment in the Company. 

(d) Stockholder has sufficient experience in business, financial and investment matters to be able to evaluate the risks involved in the
purchase of the Shares and to make an informed investment decision with respect to such purchase. 
 (e) Stockholder can afford a complete
loss of the value of the Shares and is able to bear the economic risk of holding such Shares for an indefinite period. 
 (f) Stockholder
understands that (i) the Shares have not been registered under the Securities Act and are “restricted securities” within the meaning of Rule 144 under the Securities Act; (ii) the Shares cannot be sold, transferred
or otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available and, therefore, they may need to be held indefinitely; and (iii) there is now no registration
statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register the Shares under the Securities Act. As a condition to any transfer of the
Shares, the Stockholder understands that the Company may require an opinion of counsel satisfactory to the Company to the effect that such transfer does not require registration under the Securities Act or any state securities law. 

9. Adjustments for Stock Splits, Stock Dividends, etc. 

(a) If from time to time there is any spin-off, stock split-up,
stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Stockholder is entitled by reason of his or her ownership of the Shares shall be
immediately subject to the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as the Shares. 

(b) If the Shares are converted into or exchanged for, or shareholders of the Company receive by reason of any distribution in total or partial
liquidation, securities of another corporation, or other property (including cash), pursuant to any merger of the Company or acquisition of its assets, then the rights of the Company under this Agreement shall inure to the benefit of the
Company’s successor, and this Agreement shall apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Shares. 

10. Market Stand-Off. The Stockholder acknowledges that he or she is subject to a Market Stand-Off Period and other stop-transfer restrictions with respect to the Shares as set forth in the Option Grant Agreement. 

11. Withholding Taxes. The Stockholder acknowledges and agrees that the Company has the right to deduct from payments of any kind
otherwise due to the Stockholder any federal, state or local taxes of any kind required by law to be withheld with respect to the purchase, sale or vesting of the Shares by the Stockholder. 

  
 - 5 - 

 12. Invalidity or Unenforceability. It is the intention of the Company and the
Stockholder that this Agreement shall be enforceable to the fullest extent allowed by law. In the event that a court having jurisdiction holds any provision of this Agreement to be invalid or unenforceable, in whole or in part, the Company and the
Stockholder agree that, if allowed by law, that provision shall be reduced to the degree necessary to render it valid and enforceable without affecting the rest of this Agreement. 

13. Waiver. No delay or omission by the Company in exercising any right under this Agreement shall operate as a waiver of that or any
other right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion. 

14. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Company and the Stockholder and their
respective heirs, executors, administrators, legal representatives, successors and assigns, subject to the terms, conditions and restrictions set forth in this Agreement. The Company may assign its rights under this Agreement to a third party,
provided that such assignee agrees to be bound by all of the Company’s obligations under this Agreement. 
 15. No Rights To
Employment. Nothing contained in this Agreement shall be construed as giving the Stockholder any right to be retained, in any position, as an employee or other service provider of the Company for any period of time or to restrict the
Company’s right to terminate the Stockholder’s employment or other service relationship at any time with or without cause or notice. 

16. Notices. All notices and other communications made or given pursuant to this Agreement shall be in writing and shall be sufficiently
made or given if hand delivered or mailed by certified mail, addressed to the Stockholder at the address contained in the records of the Company, or addressed to the Company for the attention of its Corporate Secretary at its principal executive
office or transmitted and received via telecopy or via such other electronic transmission mechanism as may be available to the parties. 

17. Pronouns. Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine
or neuter forms, and the singular form of nouns and pronouns shall include the plural, and vice versa. 
 18. Stockholder. Whenever
the word “Stockholder” is used in any provision of this Agreement under circumstances where the provision should logically be construed, as determined by the Board of Directors of the Company, to apply to the
Stockholder’s estate, personal representative, beneficiary to whom the Shares may be transferred by will or by the laws of descent and distribution, transferees, successors or assignees, the word “Stockholder” shall be
deemed to include such persons. 
 19. Entire Agreement. This Agreement constitutes the entire agreement between the parties, and
supersedes all prior agreements and understandings, relating to the subject matter of this Agreement. 

  
 - 6 - 

 20. Amendment. This Agreement may be amended or modified only by a written instrument
executed by both the Company and the Stockholder. 
 21. Governing Law. This Agreement shall be construed, interpreted and enforced in
accordance with the laws of the State of California, without regard to its provisions concerning the applicability of laws of other jurisdictions. Any suit with respect hereto will be brought in the federal or state courts in the districts which
include the principal executive offices of the Company, and the Stockholder hereby agrees and submits to the personal jurisdiction and venue thereof. 

*  *  *  *  * 

IN WITNESS WHEREOF, the parties hereto have executed this Stock Restriction Agreement as of the day and year first above
written. 
  

			
	PROCORE TECHNOLOGIES, INC.

 
			
		
	By:	 	  

 
			
		
	Name:	 	  

		 	                              
Print

 
			
		
	Title:	 	  

 
			
	
	STOCKHOLDER
	
	  

	Signature

 
			
		
	Name:	 	  

 
			
		
	Address:	 	  

		 	  

		 	  

  
 - 7 - 

 If the Stockholder resides in a community property state, including Arizona, California, Idaho,
Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin, the Stockholder’s spouse must execute the following Consent of Community Property Spouse. 

Consent of Community Property Spouse 

The undersigned spouse of the Stockholder has read, understands, and hereby approves the purchase of shares of Common Stock pursuant to this
Stock Restriction Agreement and the related Option Grant Agreement between the Stockholder and the Company (the “Agreements”). In consideration of the Company’s granting my spouse the right to purchase the Shares as set
forth in the Agreements, the undersigned hereby agrees to be irrevocably bound by the Agreements and further agrees that any community property interest shall similarly be bound by the Agreements. The undersigned hereby appoints the Stockholder as
my attorney-in-fact with respect to any amendment or exercise of any rights under the Agreements. 

 

									
	Date:	 	  
	 	        	  	Signed:	  	  

		 		 		  	Signature of Stockholder’s Spouse

									
					
		 		 		  	Address:	  	  

		 		 		  		  	  

		 		 		  		  	  

  
 - 8 - 

 PROCORE TECHNOLOGIES, INC. 

RESTRICTED STOCK UNIT GRANT NOTICE 

(2014 EQUITY INCENTIVE PLAN) 

Procore Technologies, Inc. (the “Company”), pursuant to its 2014 Equity Incentive Plan (the “Plan”), hereby
awards to Participant (as of the date indicated below) Restricted Stock Units for the number of shares of the Company’s Common Stock set forth below (the “Award”). The Award is subject to all of the terms and conditions
as set forth herein and in the Plan and the Restricted Stock Unit Agreement, both of which are attached hereto and incorporated herein in their entirety. Capitalized terms not otherwise defined herein will have the meanings set forth in the Plan or
the Restricted Stock Unit Agreement. In the event of any conflict between the terms in the Award and the Plan, the terms of the Plan will control. 
  

					
	Participant:	  	  
	  	
	Date of Grant:	  	  
	  	
	Vesting Commencement Date:	  	 As set forth below
	  	
	Expiration Date:	  	  
	  	
	Number of Units (“RSUs”) Subject to Award:	  	  
	  	

  

			
		
	Expiration Date:	  	The Expiration Date is set forth above. All RSUs that are not Vested RSUs as of the Expiration Date will be forfeited to the Company without consideration as of the Expiration Date.
		
	Vesting:	  	Participant will receive a benefit with respect to an RSU only if it vests. Except as explicitly set forth below, the Liquidity Event Requirement and the Service-Based Requirement must be satisfied on or before the applicable
Expiration Date specified above in order for an RSU to vest. An RSU shall actually vest (and therefore become a “Vested RSU”) on the first date upon which both of the Service-Based Requirement and the Liquidity Event
Requirement are satisfied with respect to that particular RSU.
		
	Liquidity Event Requirement:	  	The Liquidity Event Requirement will be satisfied as to any then-outstanding RSUs on the first to occur of: (1) a Change in Control (as defined in the Restricted Stock Unit Agreement), or (2) the effective date of a
registration statement for an initial public offering of the Company’s Common Stock.
		
	Service-Based Requirement:	  	The Vesting Commencement Date of the Award shall be the Company Vesting Date (as defined below) that most closely precedes the Date of Grant (or, if the Date of Grant is a Company Vesting Date, the Date of Grant). The Service-Based
Requirement will be satisfied in installments as to the RSUs as follows: [Service Based Vesting Schedule]. For the avoidance of doubt, once a Participant ceases to provide Service to the Company, no additional RSUs will be deemed to have the
Service-Based Requirement satisfied with respect to such RSUs.
		
		  	“Company Vesting Date” means each February 20, May 20, August 20 and November 20.

			
		
	Settlement:	  	If an RSU vests as provided for above, the Company will deliver one share of Common Stock for each Vested RSU. The shares will be issued in accordance with the issuance schedule set forth in Section 5 of the Restricted
Stock Unit Agreement.

 Additional Terms/Acknowledgements: Participant acknowledges receipt of, and understands and agrees to, this
Restricted Stock Unit Grant Notice, the Restricted Stock Unit Agreement and the Plan (the “Grant Documents”). Participant further acknowledges that as of the Date of Grant, the Grant Documents set forth the entire understanding between
Participant and the Company regarding this Award and supersede all prior oral and written agreements, offer letters, promises and/or representations on that subject with the exception of (i) other equity awards previously or simultaneously
granted and delivered to Participant, (ii) any compensation recovery policy that is adopted by the Company or is otherwise required by applicable law and (iii) any written employment or severance arrangement that would provide for vesting
acceleration of this award upon the terms and conditions set forth therein (provided that if there is any conflict in the vesting and/or acceleration terms, those contained in this Restricted Stock Unit Grant Notice and Restricted Stock Unit
Agreement shall control). 
 By accepting the Award, Participant acknowledges having received and read the Grant Documents and agrees to all of the terms
and conditions set forth in these documents. Furthermore, by accepting the Award, Participant consents to receive such documents by electronic delivery and to participate in the Plan through an on-line or
electronic system established and maintained by the Company or another third party designated by the Company. 
 Notwithstanding the above, if Participant
has not actively accepted the Award within 90 days of the Date of Grant set forth in this Restricted Stock Unit Grant Notice, Participant is deemed to have accepted the Award, subject to all of the terms and conditions of the Grant Documents. 

 

									
	 PROCORE TECHNOLOGIES, INC.
	 		 		 	PARTICIPANT:	 	
					
	By:                                     
                                        
                   	 		 		 	  
	 	
	Signature	 		 		 	Signature	 	
	Name & Title:                                 
                                        
   	 		 		 	Date:                                     
                               	 	
	Date:                                     
                                        
               	 		 		 		 	

 ATTACHMENTS: Restricted Stock Unit Agreement, 2014 Equity Incentive Plan 

  
 2 

 ATTACHMENT I 

PROCORE TECHNOLOGIES, INC. 

RESTRICTED STOCK UNIT AGREEMENT 

(2014 EQUITY INCENTIVE PLAN) 

Pursuant to the Restricted Stock Unit Grant Notice (the “Grant Notice”) and this Restricted Stock Unit Agreement (the
“Agreement”) and in consideration of your services, Procore Technologies, Inc. (the “Company”) has awarded you Restricted Stock Units (the “Award”) under its 2014 Equity
Incentive Plan (the “Plan”). The Award is granted to you effective as of the Date of Grant set forth in the Grant Notice for this Award. Capitalized terms not explicitly defined in this Agreement will have the same meanings
given to them in the Plan and Grant Notice. In the event of any conflict between the terms in this Agreement and the Plan, the terms of the Plan will control. The details of the Award, in addition to those set forth in the Grant Notice and the Plan,
are as follows. 
 1. GRANT OF THE AWARD. The Award represents the right
to be issued on a future date the number of shares of the Common Stock as indicated in the Grant Notice (the “Shares”) upon the satisfaction of the terms set forth in this Agreement. Except as otherwise provided
herein, you will not be required to make any payment to the Company with respect to your receipt of the Award, the vesting of the shares or the delivery of the underlying Common Stock. 

2. VESTING. 

(a) Subject to the limitations contained herein, the Award will vest in accordance with the vesting schedule provided in the Grant
Notice. Except as set forth in the Grant Notice, any units or shares that have yet to satisfy any time or service-based requirement, including the Service-Based Requirement, will be forfeited at no cost to the Company and you will have no further
right, title or interest in or to such underlying shares of Common Stock. For purposes of determining whether the Liquidity Event Requirement has been satisfied, Change in Control has the same meaning as in the Plan except as follows in this
Section 2. A transaction or event will not constitute a Change in Control unless the transaction or event qualifies as a change in control event within the meaning of Code Section 409A. “Service” means your
employment or other service relationship with the Company and its Affiliates. 
 (b) For purposes of this Agreement,
“Cause” has the meaning ascribed to such term or words of similar import in your written employment or service contract with the Company as in effect at the time at issue and, in the absence of such agreement or definition,
means your (i) conviction of, or plea of nolo contendere to, a felony or crime involving moral turpitude; (ii) fraud on or misappropriation of any funds or property of, the Company, any affiliate, customer or vendor;
(iii) personal dishonesty, incompetence, willful misconduct, willful violation of any law, rule or regulation (other than minor traffic violations or similar offenses) or breach of fiduciary duty which involves personal profit;
(iv) willful misconduct in connection with your duties or willful failure to perform your responsibilities in the best interests of the Company; (v) illegal use or distribution of drugs; (vi) violation of any Company rule, regulation,
procedure or policy; (vii) breach of any provision of any employment, non-disclosure, non- competition, non-solicitation or other similar agreement executed by you
for the benefit of the Company; or (viii) conduct which demonstrates gross unfitness to serve. 

  
 1 

 3. NUMBER OF SHARES. 

(a) The number of units/shares subject to the Award may be adjusted from time to time, as provided in the Plan. 

(b) Any units, shares, cash or other property that become subject to the Award pursuant to this Section 3 if any, will be subject,
in a manner determined by the Company’s Board of Directors (the “Board”), to the same forfeiture restrictions, restrictions on transferability, and time and manner of delivery as applicable to the other shares covered by
the Award. 
 (c) Notwithstanding the provisions of this Section 3, no fractional shares or rights for fractional shares of
Common Stock will be created pursuant to this Section 3. The Board will, in its discretion, determine an equivalent benefit for any fractional shares or fractional shares that might be created by the adjustments referred to in this
Section 3. 
 4. SECURITIES LAW AND OTHER COMPLIANCE.
You may not be issued any shares under the Award unless either (a) the shares are registered under the Securities Act; or (b) the Company has determined that such issuance would be exempt from the registration requirements of the
Securities Act. The Award also must comply with other applicable laws and regulations governing the Award, and you will not receive such shares if the Company determines that such receipt would not be in material compliance with such laws and
regulations. 
 5. DATE OF ISSUANCE. Subject to the satisfaction of the withholding
obligations set forth in Section 12 of this Agreement, the Company will deliver to you a number of shares of Common Stock equal to the number of Vested RSUs subject to the Award, including any additional shares received pursuant to
Section 3 above that relate to those Vested RSUs on the applicable vesting date(s) as provided in the Grant Notice. However, if a scheduled delivery date falls on a date that is not a business day, such delivery date will instead fall on the
next following business day. The form of such delivery (e.g., a stock certificate or electronic entry evidencing such shares) will be determined by the Company. In all cases, the delivery of shares under this Award is intended to comply with
Treasury Regulation Section 1.409A-1(b)(4) and will be construed and administered in such a manner. 

6. DIVIDENDS. You will receive no benefit or adjustment to your RSUs with respect to any cash dividend, stock
dividend or other distribution except as provided in the Plan. 
 7. MARKET STAND-OFF
PERIOD. You agree that following the effective date of a registration statement of the Company filed under the Securities Act of 1933, you, for the duration specified by and to the extent requested by the
Company and an underwriter of Common Stock or other securities of the Company, shall not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any equity securities of the Company, or any securities convertible into
or exchangeable or exercisable for such securities, enter into a transaction which would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership

  
 2 

 
of such securities, whether any such aforementioned transaction is to be settled by delivery of such securities or other securities, in cash or otherwise, or publicly disclose the intention to
make any such offer, sale, pledge or disposition, or to enter into any such transaction, swap, hedge or other arrangement, in each case during the seven days prior to and the 180 days after the effectiveness of any underwritten offering of the
Company’s equity securities (or such longer or shorter period as may be requested in writing by the managing underwriter and agreed to in writing by the Company) (the “Market Stand-Off
Period”), except as part of such underwritten registration if otherwise permitted. In addition, you agree to execute any further letters, agreements and/or other documents requested by the Company or its underwriters that are consistent
with the terms of this Section 7. The Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of such Market Stand-Off Period. 

8. TRANSFER RESTRICTIONS. In addition to any other limitation on transfer created by applicable
securities laws and the restrictions in Sections 9 and 10, as applicable, you will not sell, assign, hypothecate, donate, encumber or otherwise dispose of all or any part of your Award, the shares subject to your Award or any interest in such shares
except in compliance with this Agreement (including without limitation Section 9), the Company’s bylaws and applicable securities law. 

9. RIGHT OF FIRST REFUSAL. Subject to applicable provisions in any other
governing documents of the Company or other agreements entered into by the holder of the Shares (the “Stockholder”), including but not limited to the Company’s certificate of incorporation or bylaws, the Stockholder
shall not transfer any of the Shares, except by a transfer that meets the following requirements: 
 (a) Notice
Requirement. If at any time the Stockholder proposes to sell or otherwise transfer or assign for cash, cash equivalents or any other form of consideration (including a promissory note) pursuant to a bona fide offer from any third
party all or any part of his or her Shares (the “Offered Shares”), the Stockholder shall first give written notice of the proposed transfer (the “Transfer Notice”) to the Company. The Transfer Notice
shall name the proposed transferee(s) and state the number of shares to be transferred, the price per share and all other material terms and conditions of the transfer. 

(b) Company’s Right to Purchase. For 30 days following its receipt of such Transfer Notice, the Company shall
have the right to purchase all or any lesser part of the Offered Shares at the price and upon the terms and conditions set forth in the Transfer Notice. In the event the Company elects to purchase all or any lesser part of the Offered Shares, it
shall give written notice of its election to the Stockholder within such 30-day period, and the settlement of the sale on such Offered Shares shall be made as provided below in Section 9(c) of this
Agreement. 
 (c) Settlement. If the Company elects to acquire all or any lesser part of the Offered Shares, the
Company shall so notify the Stockholder, and settlement shall be made at the principal executive office of the Company in cash within 60 days after the Company receives the Transfer Notice; provided, however, if the terms of payment set forth in the
Stockholder’s Transfer Notice were other than cash against delivery, the Company may pay for such Offered 

  
 3 

 
Shares on the same terms and conditions set forth in the Transfer Notice or may pay cash in lieu of such other consideration. If the consideration offered for the Offered Shares includes noncash
consideration, the dollar value of such non-cash consideration shall be determined by the Company’s Board of Directors, whose good faith determination shall be conclusive. Notwithstanding anything in this
Agreement to the contrary, the provisions of Section 9 of this Agreement shall be controlling, to the extent applicable, regarding any payment due with respect to the Company’s purchase of the Offered Shares and shall not preclude a
determination for purposes of this Agreement that “settlement” of the Company’s purchase of the Offered Shares has been duly made pursuant to this Section 9(c) if any payment due the Stockholder is deferred accordingly. 

(d) Sales Free of Restrictions. If the Company does not elect to purchase all of the Offered Shares, the
Stockholder may, not sooner than 35 or later than 120 days following delivery of the Transfer Notice, enter into an agreement providing for the closing of the transfer of the Offered Shares covered by the Transfer Notice within 30 days of the date
such agreement is entered into on the same terms and conditions as those described in the Transfer Notice. Any proposed transfer on different terms and conditions than those described in the Transfer Notice, as well as any subsequent proposed
transfer of any of the Shares, shall again be subject to the right of first refusal of the Company and shall require compliance by the Stockholder with the procedures described in this Section 9. 

(e) Exempt Transactions. The following transactions shall be exempt from the provisions of this Section 9:

 (i) the Stockholder’s transfer of any or all of the Stockholder’s Shares, either during the Stockholder’s lifetime
or on death by will or the laws of descent and distribution, to one or more members of the Stockholder’s immediate family, to a trust for the exclusive benefit of the Stockholder or such immediate family members, to any other entity owned
exclusively by the Stockholder or such immediate family members, or to any combination of the foregoing (each, a “Permitted Transferee”); provided, however, that no transfers made pursuant to any divorce or separation
proceedings or settlements shall be exempt from this Section 9. “Immediate family member” shall mean spouse, children, grandchildren, parents or siblings of the Stockholder, including in each case in-laws and adoptive relations; 
 (ii) any transfer to the Company in pledge as security for any
purchase-money indebtedness incurred by the Stockholder in connection with the acquisition of the Shares; or 
 (iii) any transfer
pursuant to a registration statement filed by the Company with the Securities and Exchange Commission. 
 Notwithstanding anything to the
contrary contained elsewhere in this Section 9, except with respect to a transfer pursuant to Section 9(e)(iii), any proposed transferee or permitted Transferee of the Stockholder shall receive and hold such stock subject to the provisions
of this Agreement, and, as a condition of such transfer, shall deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement. There shall be no subsequent transfer of
such stock except in accordance with this Section 9. 

  
 4 

 (f) Termination of Restrictions on Transfer. The foregoing restrictions
on transfer in this Section 9 shall terminate upon the closing of the first public offering of capital stock of the Company that is effected pursuant to a registration statement filed with, and declared effective by, the Securities and
Exchange Commission under the Securities Act or the exchange of the Shares for shares of an entity that are so registered. 
 (g)
Effect of Prohibited Transfer. The Company shall not be required to (a) transfer on its books any of the shares that have been sold or transferred in violation of any of the provisions set forth in this Agreement, or
(b) treat as owner of such shares or to pay dividends or other distributions to any transferee to whom any such shares shall have been so sold or transferred. 

10. RESTRICTIVE LEGENDS. All certificates representing the Common Stock issued under this Agreement
will be endorsed with legends in substantially the following forms (in addition to any other legend that may be required by other agreements between you and the Company): 

(a) “THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS AND CONDITIONS SET FORTH IN A RESTRICTED STOCK UNIT
AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER, OR SUCH HOLDER’S PREDECESSOR IN INTEREST, A COPY OF WHICH IS ON FILE AT THE COMPANY’S PRINCIPAL CORPORATE OFFICES. ANY TRANSFER OR ATTEMPTED TRANSFER OF ANY SHARES IN VIOLATION OF
SUCH RESTRICTIONS IS VOID WITHOUT THE PRIOR EXPRESS WRITTEN CONSENT OF THE COMPANY.” 
 (b) “THE SHARES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN
OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.” 
 (c) “THE SHARES REPRESENTED BY
THIS CERTIFICATE ARE SUBJECT TO CERTAIN RIGHTS OF REFUSAL GRANTED TO THE COMPANY AND ACCORDINGLY MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED OR IN ANY MANNER DISPOSED OF EXCEPT IN CONFORMITY WITH THE TERMS OF THE BYLAWS OF THE COMPANY AND/OR
A RESTRICTED STOCK UNIT AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER, OR SUCH HOLDER’S PREDECESSOR IN INTEREST, A COPY OF WHICH IS ON FILE AT THE COMPANY’S PRINCIPAL CORPORATE OFFICES.” 

(d) Any legend required by appropriate blue sky officials. 

  
 5 

 11. AWARD NOT AN EMPLOYMENT
OR SERVICE CONTRACT. 
 (a) Your Services with the Company or any Parent or
Subsidiary of the Company (an “Affiliate”) is not for any specified term and may be terminated by you or by the Company or an Affiliate at any time, for any reason, with or without cause and with or without notice. Nothing in
this Agreement (including, but not limited to, the vesting of the Award pursuant to Section 2 or the issuance of the shares subject to the Award), the Plan or any covenant of good faith and fair dealing that may be found implicit in this
Agreement or the Plan will: (i) confer upon you any right to continue in the employ of, or affiliation with, the Company or an Affiliate; (ii) constitute any promise or commitment by the Company or an Affiliate regarding the fact or nature
of future positions, future work assignments, future compensation or any other term or condition of employment or affiliation; (iii) confer any right or benefit under this Agreement or the Plan unless such right or benefit has specifically
accrued under the terms of this Agreement or Plan; or (iv) deprive the Company or an Affiliate of the right to terminate you at will and without regard to any future vesting opportunity that you may have. 

(b) By accepting this Award, you acknowledge and agree that the right to continue vesting in the Award pursuant to Section 2 and
the schedule set forth in the Grant Notice is earned only by continuing as an employee, director or consultant at the will of the Company or an Affiliate (not through the act of being hired, being granted this Award or any other award or benefit)
and that the Company has the right to reorganize, sell, spin-out or otherwise restructure one or more of its businesses or Affiliates at any time or from time to time, as it deems appropriate (a
“reorganization”). You further acknowledge and agree that such reorganization could result in the termination of your Services, or the termination of Affiliate status of your employer and the loss of benefits available to you
under this Agreement, including but not limited to, the termination of the right to continue vesting in the Award. You further acknowledge and agree that this Agreement, the Plan, the transactions contemplated hereunder and the vesting schedule set
forth in the Grant Notice or any covenant of good faith and fair dealing that may be found implicit in any of them do not constitute an express or implied promise of continued engagement as an employee or consultant with the Company or an Affiliate
for the term of this Agreement, for any period, or at all, and will not interfere in any way with your right or the right of the Company or an Affiliate to terminate your Services at any time, with or without cause and with or without notice. 

12. RESPONSIBILITY FOR TAXES. 

(a) You acknowledge that, regardless of any action taken by the Company, the ultimate liability for all income tax, social insurance,
payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you or deemed by the Company in its discretion to be an
appropriate charge to you even if legally applicable to the Company (“Tax-Related Items”) is and remains your responsibility and may exceed the amount actually withheld by the Company.

 (b) Prior to any relevant taxable or tax withholding event, as applicable, you agree to make adequate arrangements satisfactory to
the Company and/or your employer (if not the Company) to satisfy all Tax-Related Items. In this regard, you authorize the Company or its agent to satisfy their withholding obligations with regard to all Tax-Related Items, if any, by any 

  
 6 

 
of the following means or by a combination of such means: (i) withholding from any compensation otherwise payable to you by the Company or your employer; (ii) causing you to tender a
cash payment; (iii) entering on your behalf (pursuant to this authorization without further consent) into a “same day sale” commitment with a broker dealer that is a member of the Financial Industry Regulatory Authority (a
“FINRA Dealer”) whereby you irrevocably elect to sell a portion of the shares to be delivered under the Award to satisfy the Tax-Related Items and whereby the FINRA Dealer irrevocably
commits to forward the proceeds necessary to satisfy the Tax-Related Items directly to the Company and/or its Affiliates; or (iv) withholding shares of Common Stock from the shares of Common Stock issued
or otherwise issuable to you in connection with the Award with a Fair Market Value (measured as of the date shares of Common Stock are issued to you or, if and as determined by the Company, the date on which the
Tax-Related Items are required to be calculated) equal to the amount of such Tax-Related Items. The Company will use commercially reasonable efforts (as determined by
the Company) to facilitate the satisfaction of Tax-Related Items by you using one of the methods described in clauses (iii) and (iv) of the preceding sentence or by permitting you to sell shares of Common
Stock in any initial public offering by the Company. However, the Company does not guarantee that you will be able to satisfy any Tax-Related Items through any of the methods described in the preceding
sentence and in all circumstances you remain responsible for timely and fully satisfying the Tax-Related Items. Depending on the withholding method employed, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum applicable rates, in which case you will receive a refund of any over-withheld
amount in cash and will have no entitlement to the Common Stock equivalent. If the obligation for Tax-Related Items is satisfied by withholding in shares of Common Stock, for tax purposes, you are deemed to
have been issued the full number of shares of Common Stock subject to the vested portion of the Award, notwithstanding that a number of the shares of Common Stock are held back solely for the purpose of paying the
Tax-Related Items. 
 (c) Finally, you agree to pay to the Company or your employer any amount
of Tax-Related Items that the Company or your employer may be required to withhold or account for as a result of your participation in the Plan that cannot be satisfied by any of the means previously
described. Notwithstanding any contrary provision of the Plan, the Notice of Grant or of this Agreement, if you fail to make satisfactory arrangements for the payment of any Tax-Related Items when due, you
permanently will forfeit the RSUs on which the Tax-Related Items were not satisfied and will also permanently forfeit any right to receive shares of Common Stock thereunder. In that case, the RSUs will be
returned to the Company at no cost to the Company. 
 13. INVESTMENT REPRESENTATIONS. In connection with
your acquisition of the Common Stock under your Award, you represent to the Company the following: 
 (a) You are aware of the
Company’s business affairs and financial condition and have acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Common Stock. You are acquiring the Common Stock for investment for
your own account only and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the Securities Act. 

  
 7 

 (b) You understand that the Common Stock has not been registered under the Securities
Act by reason of a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of your investment intent as expressed in this Agreement. 

(c) You further acknowledge and understand that the Common Stock must be held indefinitely unless the Common Stock is subsequently
registered under the Securities Act or an exemption from such registration is available. You further acknowledge and understand that the Company is under no obligation to register the Common Stock. You understand that the certificate evidencing the
Common Stock will be imprinted with a legend that prohibits the transfer of the Common Stock unless the Common Stock is registered or such registration is not required in the opinion of counsel for the Company. 

(d) You are familiar with the provisions of Rules 144 and 701 under the Securities Act, as in effect from time to time, which, in
substance, permit limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer), in a non-public offering subject to
the satisfaction of certain conditions. Rule 701 provides that if the issuer qualifies under Rule 701 at the time of issuance of the securities, such issuance will be exempt from registration under the Securities Act. In the event the Company
becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the securities exempt under Rule 701 may be sold by you 90 days thereafter, subject to the satisfaction of certain of the
conditions specified by Rule 144 and the Market Standoff Period agreement described in Section 7. 
 (e) In the event that the
sale of the Common Stock does not qualify under Rule 701 at the time of issuance, then the Common Stock may be resold by you in certain limited circumstances subject to the provisions of Rule 144, which requires, among other things: (i) the
availability of certain public information about the Company; and (ii) the resale occurring following the required holding period under Rule 144 after you have purchased, and made full payment of (within the meaning of Rule 144), the securities
to be sold. 
 (f) You further understand that at the time you wish to sell the Common Stock there may be no public market upon which
to make such a sale, and that, even if such a public market then exists, the Company may not be satisfying the current public current information requirements of Rule 144 or 701, and that, in such event, you would be precluded from selling the
Common Stock under Rule 144 or 701 even if the minimum holding period requirement had been satisfied. 
 14. NO
OBLIGATION TO MINIMIZE TAXES. You acknowledge that the Company is not making representations or undertakings regarding the treatment of any
Tax-Related Items in connection with any aspect of the Award, including, but not limited to, the grant, vesting or settlement of the Award, the subsequent sale of shares of Common Stock acquired pursuant to
such settlement and the receipt of any dividends and/or any dividend equivalent payments. Further, you acknowledge that the Company does not have any duty or obligation to minimize your liability for
Tax-Related Items arising from the Award and will not be liable to you for any Tax-Related Items arising in connection with the Award. 

  
 8 

 15. NO ADVICE REGARDING
GRANT. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying shares of Common
Stock. You are hereby advised to consult with your own personal tax, financial and/or legal advisors regarding the Tax-Related Items arising in connection with the Award and by accepting the Award, you have
agreed that you have done so or knowingly and voluntarily declined to do so. 
 16. UNSECURED OBLIGATION.
The Award is unfunded, and as a holder of a vested Award, you will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares pursuant to this Agreement. You will not have
voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Agreement until such shares are issued to you pursuant to Section 5 of this Agreement. Upon such issuance, you will obtain full
voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the
Company or any other person. 
 17. NOTICES. Any notices provided for in the Grant Notice, this Agreement or the
Plan will be given in writing and will be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last
address you provided to the Company. Notwithstanding the foregoing, the Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this Award by electronic means or to request your consent to
participate in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and, if requested, to agree to participate in the Plan through an on-line or electronic system
established and maintained by the Company or another third party designated by the Company. 
 18. MISCELLANEOUS. 

(a) As a condition to the grant of your Award or to the Company’s issuance of any shares of Common Stock under this Agreement, the
Company may require you to execute certain customary agreements entered into with the holders of capital stock of the Company, including without limitation a right of first refusal and co-sale agreement and a
stockholders agreement. 
 (b) The rights and obligations of the Company under the Award will be transferable to any one or more
persons or entities, and all covenants and agreements hereunder will inure to the benefit of, and be enforceable by the Company’s successors and assigns. Your rights and obligations under the Award may only be assigned with the prior written
consent of the Company. 
 (c) You agree upon request to execute any further documents or instruments necessary or desirable in the
sole determination of the Company to carry out the purposes or intent of the Award. 

  
 9 

 (d) You acknowledge and agree that you have reviewed the documents provided to you in
relation to the Award in their entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting the Award, and fully understand all provisions of such documents. 

(e) This Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or
national securities exchanges as may be required. 
 (f) All obligations of the Company under the Plan and this Agreement will be
binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 

19. GOVERNING PLAN DOCUMENT. The Award is subject to all the provisions of the Plan,
the provisions of which are hereby made a part of the Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan. Except as expressly provided
herein, in the event of any conflict between the provisions of the Award and those of the Plan, the provisions of the Plan will control. For purposes of the Award, a transaction or event will not constitute a Change in Control unless the transaction
or event qualifies as a change of control event within the meaning of Code Section 409A. 
 20. SEVERABILITY. If
all or any part of this Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity will not invalidate any portion of this Agreement or the Plan not declared to be
unlawful or invalid. Any Section of this Agreement (or part of such a Section) so declared to be unlawful or invalid will, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest
extent possible while remaining lawful and valid. 
 21. EFFECT ON OTHER
EMPLOYEE BENEFIT PLANS. The value of the Award subject to this Agreement will not be included as compensation, earnings, salaries, or other similar terms used when calculating the employee’s
benefits under any employee benefit plan sponsored by the Company or any Affiliate, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any
Affiliate’s employee benefit plans. 
 22. AMENDMENT. This Agreement may not be modified, amended or terminated
except by an instrument in writing, signed by you and by a duly authorized representative of the Company. Notwithstanding the foregoing, this Agreement may be amended solely by the Board by a writing which specifically states that it is amending
this Agreement, so long as a copy of such amendment is delivered to you, and provided that, except as otherwise expressly provided in the Plan, no such amendment adversely affecting your rights hereunder may be made without your written consent.
Without limiting the foregoing, the Board reserves the right to change, by written notice to you, the provisions of this Agreement in any way it may deem necessary or advisable to carry out the purpose of the grant as a result of any change in
applicable laws or regulations or any future law, regulation, ruling, or judicial decision, provided that any such change will be applicable only to rights relating to that portion of the Award which is then subject to restrictions as provided
herein. 

  
 10 

 23. COMPLIANCE WITH SECTION 409A
OF THE CODE. This Award is intended to comply with the “short-term deferral” rule set forth in Treasury Regulation
Section 1.409A-1(b)(4). Notwithstanding the foregoing, if it is determined that the Award fails to satisfy the requirements of the short-term deferral rule and is otherwise deferred compensation subject
to Section 409A, and if you are a “Specified Employee” (within the meaning set forth Section 409A(a)(2)(B)(i) of the Code) as of the date of your separation from service (within the meaning of Treasury Regulation Section 1.409A-1(h)), then the issuance of any shares that would otherwise be made upon the date of the separation from service or within the first six months thereafter will not be made on the originally
scheduled date(s) and will instead be issued in a lump sum on the date that is six months and one day after the date of the separation from service, with the balance of the shares issued thereafter in accordance with the original vesting and
issuance schedule set forth above, but if and only if such delay in the issuance of the shares is necessary to avoid the imposition of taxation on you in respect of the shares under Section 409A of the Code. Each installment of shares that
vests is intended to constitute a “separate payment” for purposes of Treasury Regulation Section 1.409A-2(b)(2). Notwithstanding any contrary provision of the Plan, the Notice of Grant, or of
this Agreement, under no circumstances will the Company reimburse you for any taxes or other costs under Section 409A or any other tax law or rule. All such taxes and costs are solely your responsibility. 

*     *     * 

This Agreement will be deemed to be signed by you upon the signing by you of the Restricted Stock Unit Grant Notice to which it is attached.

  
 11 

 ATTACHMENT II 

2014 EQUITY INCENTIVE PLAN 

  
 2EX-10.4

 Exhibit 10.4 
  

 
 AIR COMMERCIAL REAL ESTATE ASSOCIATION 

STANDARD INDUSTRIAL/COMMERCIAL MULTI-TENANT LEASE - NET 

1. Basic Provisions (“Basic Provisions”). 

1.1 Parties: This Lease (“Lease”), dated for reference purposes only August 13, 2013, is made by and between Carp
Two, LLC, a California limited liability company (“Lessor”) and Procore Technologies, Inc., a California corporation (“Lessee”), (collectively the “Parties”, or individually a
“Party”). 
 1.2(a) Premises: That certain portion of the Project (as defined below), including all improvements
therein or to be provided by Lessor under the terms of this Lease, commonly known by the street address of 6309 Carpinteria Avenue, located in the City of Carpinteria, County of Santa Barbara, State
of California, with zip code 93013, as outlined on Exhibit A attached hereto (“Premises”) and generally described as (describe briefly the nature of the Premises):
approximately 12,769 square foot office building. 
 In addition to Lessee’s rights to use and occupy the Premises as hereinafter specified, Lessee
shall have non-exclusive rights to any utility raceways of the building containing the Premises (“Building”) and to the common Areas (as defined in Paragraph 2.7 below), but shall not have any
rights to the roof or exterior walls of the Building or to any other buildings in the Project. The Premises, the Building, the Common Areas, the land upon which they are located, along with all other buildings and improvements thereon, are herein
collectively referred to as the “Project.” (See also Paragraph 2) 
 1.2(b) Parking: fifteen (15)
uncovered / unreserved and nineteen (19) covered / reserved vehicle parking spaces. (See also Paragraph 2.6 and Addendum) 

1.3 Term: five (5) years and approximately seven (7) months (“Original Term”)
commencing the date Lessor delivers the Premises with Lessor’s Work substantially completed, excepting minor punch list items (“Commencement Date”) and ending July 31, 2019 (“Expiration
Date”). (See also Paragraph 3) 
 1.4 Early Possession: If the Premises are available Lessee may have non-exclusive possession of the Premises commencing upon completion of Lessor’s Work (“Early Possession Date”). See Addendum. (See also Paragraphs 3.2 and 3.3) 

1.5 Base Rent: $20,430.40 per month (“Base Rent”), payable on the first day of each month
commencing August 1, 2014. (See also Paragraph 4) See Addendum If this box is checked, there are provisions in this Lease for the Base Rent to be adjusted. See Paragraph 50 and Addendum
 
 1.6 Lessee’s Share of Common Area Operating Expenses: thirty-nine
percent (39%) (“Lessee’s Share”). In the event that the size of the Premises and/or the Project are modified during the term of this Lease, Lessor shall recalculate Lessee’s Share
to reflect such modification. 
 1.7 Base Rent and Other Monies Paid Upon Execution: 

(a) Base Rent: $7,000.00 for the period January 1-31, 2014.

 (b) Common Area Operating Expenses: $0.00 for the period na. 

(c) Security Deposit: $20,430.40 (“Security Deposit”). (See also Paragraph 5) 

(d) Other: $na for na. 

(e) Total Due Upon Execution of this Lease: $27,430.40. 

1.8 Agreed Use: office. (See also Paragraph 6) 

1.9 Insuring Party. Lessor is the “Insuring Party”. (See also Paragraph 8) 

1.10 Real Estate Brokers: (See also Paragraph 15 and 25) 

(a) Representation: The following real estate brokers (the “Brokers”) and brokerage relationships exist in this
transaction (check applicable boxes): 
 Francois DeJohn and Steve Hayes, Hayes Commercial Group and David K. Beerman represents Lessor exclusively
(“Lessor’s Broker”); Liam Murphy, Hayes Commercial Group represents Lessee exclusively (“Lessee’s Broker”); or represents both Lessor and Lessee (“Dual Agency”). 

(b) Payment to Brokers: Upon execution and delivery of this Lease by both Parties, Lessor shall pay to the Brokers for the brokerage
services rendered by the Brokers the fee agreed to in the attached a separate written agreement or if no such agreement is attached, the sum of ____________ or _________ % of the total Base Rent payable for the Original
Term, the sum of ____________ or _________ of the total Base Rent payable during any period of time that the Lessee occupies the Premises subsequent to the Original Term, and/or the sum of ____________ or _________ % of the purchase price in the
event that the Lessee or anyone affiliated with Lessee acquires from Lessor any rights to the Premises. 
 1.11 Guarantor.
The obligations of the Lessee under this Lease are to be guaranteed by na (“Guarantor”). (See also Paragraph 37) 

  

					
	  
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	©1999 - AIR COMMERCIAL REAL ESTATE ASSOCIATION	  	FORM MTN-14-2/13E

 1.12 Attachments. Attached hereto are the following, all of which constitute a part
of this Lease: 
 an Addendum consisting of Paragraphs 52 through 60; 

a site plan depicting the Premises (Exhibits A-1 & A2); 

a site plan depicting the Project (Exhibit B); 
 a current
set of the Rules and Regulations for the Project (Exhibit C); 
 a current set of the Rules and Regulations adopted by the owners’ association;

 a Work Letter; 
 other (specify); Paragraph 50 (Rent
Adjustments), Paragraph 51 (Options to Extend), Exhibits D-1 & D2 (Plans), Exhibit E (Common Area Operating Expenses) and Exhibit F (Sign Plan). 

2. Premises. 
 2.1 Letting. Lessor
hereby leases to Lessee, and Lessee hereby leases from Lessor, the Premises, for the term, at the rental, and upon all of the terms, covenants and conditions set forth in this Lease. While the approximate square footage of the Premises may have been
used in the marketing of the Premises for purposes of comparison, the Base Rent stated herein is NOT tied to square footage and is not subject to adjustment should the actual size be determined to be different. NOTE: Lessee is advised to verify
the actual size prior to executing this Lease. 
 2.2 Condition. Lessor shall deliver that portion of the Premises contained
within the Building (“Unit”) to Lessee broom clean and free of debris on the Commencement Date or the Early Possession Date, whichever first occurs (“Start Date”), and, so long as the required service contracts
described in Paragraph 7.1(b) below are obtained by Lessee and in effect within thirty days following the Start Date, warrants that the existing electrical, plumbing, fire sprinkler, lighting, heating, ventilating and air conditioning systems
(“HVAC”), loading doors, sump pumps, if any, and all other such elements in the Unit, other than those constructed by Lessee, shall be in good operating condition on said date, that the structural elements of the roof, bearing walls
and foundation of the Unit shall be free of material defects, and that the Unit does not contain hazardous levels of any asbestos, mold or fungi defined as toxic under applicable state or federal law. If a
non-compliance with such warranty exists as of the Start Date, or if one of such systems or elements should malfunction or fail within the appropriate warranty period, Lessor shall, as Lessor’s sole
obligation with respect to such matter, except as otherwise provided in this Lease, promptly after receipt of written notice from Lessee setting forth with specificity the nature and extent of such
non-compliance, malfunction or failure, rectify same at Lessor’s expense. The warranty periods shall be 12 months from the Commencement Date as follows: (i) 6 months as to the HVAC systems, and
(ii) 30 days as to the remaining systems and other elements of the Unit. If Lessee does not give Lessor the required notice within the appropriate warranty period, correction of any such
non-compliance, malfunction or failure shall be the obligation of Lessee at Lessee’s sole cost and expense (except for the repairs to the fire sprinkler systems, roof, foundations, and/or bearing
walls—see Paragraph 7). 
 2.3 Compliance. Lessor warrants that to the best of its knowledge the improvements on the Premises and
the Common Areas comply with the building codes that were in effect at the time that each such improvement, or portion thereof, was constructed, and also with all applicable laws, covenants or restrictions of record, regulations, and ordinances in
effect on the Start Date, including the ADA (“Applicable Requirements”). Said warranty does not apply to the use to which Lessee will put the Premises, modifications which may be required by the Americans with Disabilities
Act or any similar laws as a result of Lessee’s use (see Paragraph 49), or to any Alterations or Utility Installations (as defined in Paragraph 7.3(a)) made or to be made by Lessee. NOTE: Lessee is responsible for determining
whether or not the Applicable Requirements and especially the zoning are appropriate for Lessee’s intended use, and acknowledges that past uses of the Premises may no longer be allowed. If the Premises do not comply with said warranty,
Lessor shall, except as otherwise provided, promptly after receipt of written notice from Lessee setting forth with specificity the nature and extent of such non-compliance, rectify the same at Lessor’s
expense. If Lessee does not give Lessor written notice of a non-compliance with this warranty within 6 months following the Start Date, correction of that non-compliance
shall be the obligation of Lessee at Lessee’s sole cost and expense. If the Applicable Requirements are hereafter changed so as to require during the term of this Lease the construction of an addition to or an alteration of the Unit, Premises
and/or Building, the remediation of any Hazardous Substance, or the reinforcement or other physical modification of the Unit, Premises and/or Building (“Capital Expenditure”), Lessor and Lessee shall allocate the cost of such work
as follows: 
 (a) Subject to Paragraph 2.3(c) below, if such Capital Expenditures are required as a result of the specific and unique use of
the Premises by Lessee as compared with uses by tenants in general, Lessee shall be fully responsible for the cost thereof, provided, however that if such Capital Expenditure is required during the last 2 years of this Lease and the cost thereof
exceeds 6 months’ Base Rent, Lessee may instead terminate this Lease unless Lessor notifies Lessee, in writing, within 10 days after receipt of Lessee’s termination notice that Lessor has elected to pay the difference between the actual
cost thereof and the amount equal to 6 months’ Base Rent. If Lessee elects termination, Lessee shall immediately cease the use of the Premises which requires such Capital Expenditure and deliver to Lessor written notice specifying a termination
date at least 90 days thereafter. Such termination date shall, however, in no event be earlier than the last day that Lessee could legally utilize the Premises without commencing such Capital Expenditure. 

(b) If such Capital Expenditure is not the result of the specific and unique use of the Premises by Lessee (such as, governmentally mandated
seismic modifications), then Lessor shall pay for such Capital Expenditure and Lessee shall only be obligated to pay, each month during the remainder of the term of this Lease or any extension thereof, on the date that on which the Base Rent is due,
an amount equal to 1/144th of the portion of such costs reasonably attributable to the Premises. Lessee shall pay Interest on the balance but may prepay its obligation at any time. If, however, such Capital Expenditure is required during the last 2
years of this Lease or if Lessor reasonably determines that it is not economically feasible to pay its share thereof, Lessor shall have the option to terminate this Lease upon 90 days prior written notice to Lessee unless Lessee notifies Lessor, in
writing, within 10 days after receipt of Lessor’s termination notice that Lessee will pay for such Capital Expenditure. If Lessor does not elect to terminate, and fails to tender its share of any such Capital Expenditure, Lessee may advance
such funds and deduct same, with Interest, from Rent until Lessor’s share of such costs have been fully paid. If Lessee is unable to finance Lessor’s share, or if the balance of the Rent due and payable for the remainder of this Lease is
not sufficient to fully reimburse Lessee on an offset basis, Lessee shall have the right to terminate this Lease upon 30 days written notice to Lessor. 

(c) Notwithstanding the above, the provisions concerning Capital Expenditures are intended to apply only to
non-voluntary, unexpected, and new Applicable Requirements. If the Capital Expenditures are instead triggered by Lessee as a result of an actual or proposed change in use, change in intensity of use, or
modification to the Premises then, and in that event, Lessee shall either: (i) immediately cease such changed use or intensity of use and/or take such other steps as may be necessary to eliminate the requirement for such Capital Expenditure, or
(ii) complete such Capital Expenditure at its own expense. Lessee shall not have any right to terminate this Lease. 
 2.4
Acknowledgements. Except as otherwise provided in this Lease, Lessee acknowledges that: (a) it has been given an opportunity to inspect and measure the Premises, (b) it has been advised by Lessor and/or Brokers to satisfy itself
with respect to the size and condition of the Premises (including but not limited to the electrical, HVAC and fire sprinkler systems, security, environmental aspects, and compliance with Applicable Requirements and the Americans with Disabilities
Act), and their suitability for Lessee’s intended use, (c) Lessee has made such investigation as it deems necessary with reference to such matters and assumes all responsibility therefor as the same relate to its occupancy of the Premises,
(d) it is not relying on any representation as to the size of the Premises made by Brokers or Lessor, (e) the square footage of the Premises was not material to Lessee’s decision to lease the Premises and pay the Rent stated herein,
and (f) neither Lessor, Lessor’s agents, nor Brokers have made any oral or written representations or warranties with respect to said matters other than as set forth in this Lease. In addition, Lessor acknowledges that: (i) Brokers
have made no representations, promises or warranties concerning Lessee’s ability to honor the Lease or suitability to occupy the Premises, and (ii) it is Lessor’s sole responsibility to investigate the financial capability and/or
suitability of all proposed tenants. 

  

					
	  
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	©1999 - AIR COMMERCIAL REAL ESTATE ASSOCIATION	  	FORM MTN-14-2/13E

 2.5 Lessee as Prior Owner/Occupant. The warranties made by
Lessor in Paragraph 2 shall be of no force or effect if immediately prior to the Start Date Lessee was the owner or occupant of the Premises. In such event, Lessee shall be responsible for any necessary corrective work. 

2.6 Vehicle Parking. Lessee shall be entitled to use the number of parking spaces specified in Paragraph 1.2(b) on those portions of the
Common Areas designated from time to time by Lessor for parking. Lessee shall not use more parking spaces than said number. Said parking spaces shall be used for parking by vehicles no larger than full-size
passenger automobiles or pick-up trucks, herein called “Permitted Size Vehicles.” Lessor may regulate the loading and unloading of vehicles by adopting Rules and Regulations as provided in
Paragraph 2.9. No vehicles other than Permitted Size Vehicles may be parked in the Common Area without the prior written permission of Lessor. In addition: 

(a) Lessee shall not permit or allow any vehicles that belong to or are controlled by Lessee or Lessee’s employees, suppliers, shippers,
customers, contractors or invitees to be loaded, unloaded, or parked in areas other than those designated by Lessor for such activities. 

(b) Lessee shall not service or store any vehicles in the Common Areas. 

(c) If Lessee permits or allows any of the prohibited activities described in this Paragraph 2.6, then Lessor shall have the right, without
notice, in addition to such other rights and remedies that it may have, to remove or tow away the vehicle involved and charge the cost to Lessee, which cost shall be immediately payable upon demand by Lessor. 

2.7 Common Areas - Definition. The term “Common Areas” is defined as all areas and facilities outside the Premises and
within the exterior boundary line of the Project and interior utility raceways and installations within the Unit that are provided and designated by the Lessor from time to time for the general non-exclusive
use of Lessor, Lessee and other tenants of the Project and their respective employees, suppliers, shippers, customers, contractors and invitees, including parking areas, loading and unloading areas, trash areas, roadways, walkways, driveways and
landscaped areas. 
 2.8 Common Areas - Lessee’s Rights. Lessor grants to Lessee, for the benefit of Lessee and its employees,
suppliers, shippers, contractors, customers and invitees, during the term of this Lease, the non-exclusive right to use, in common with others entitled to such use, the Common Areas as they exist from time to
time, subject to any rights, powers, and privileges reserved by Lessor under the terms hereof or under the terms of any rules and regulations or restrictions governing the use of the Project. Under no circumstances shall the right herein granted to
use the Common Areas be deemed to include the right to store any property, temporarily or permanently, in the Common Areas. Any such storage shall be permitted only by the prior written consent of Lessor or Lessor’s designated agent, which
consent may be revoked at any time. In the event that any unauthorized storage shall occur then Lessor shall have the right, without notice, in addition to such other rights and remedies that it may have, to remove the property and charge the cost
to Lessee, which cost shall be immediately payable upon demand by Lessor. 
 2.9 Common Areas - Rules and Regulations. Lessor or such
other person(s) as Lessor may appoint shall have the exclusive control and management of the Common Areas and shall have the right, from time to time, to establish, modify, amend and enforce reasonable rules and regulations (“Rules and
Regulations”) for the management, safety, care, and cleanliness of the grounds, the parking and unloading of vehicles and the preservation of good order, as well as for the convenience of other occupants or tenants of the Building and the
Project and their invitees, so long as such Rules and Regulations (and any amendments and modifications thereto) (a) are reasonable and uniformly applied and enforced, and (b) do not materially and adversely affect Lessee’s use of the
Premises or Lessee’s rights or obligations under this Lease. Lessee agrees to abide by and conform to all such Rules and Regulations, and shall use its best efforts to cause its employees, suppliers, shippers, customers, contractors and
invitees to so abide and conform. Lessor shall not be responsible to Lessee for the non-compliance with said Rules and Regulations by other tenants of the Project. 

2.10 Common Areas - Changes. Lessor shall have the right, in Lessor’s sole discretion, from time to time: 

(a) To make changes to the Common Areas, including, without limitation, changes in the location, size, shape and number of driveways,
entrances, parking spaces, parking areas, loading and unloading areas, ingress, egress, direction of traffic, landscaped areas, walkways and utility raceways; provided, however, that such changes to the Common Areas shall not materially and
adversely interfere with Lessee’s use of the Premises or reduce the number or type of parking spaces allotted to Lessee hereunder; 

(b) To close temporarily any of the Common Areas for maintenance purposes so long as reasonable access to the Premises remains available; 

(c) To designate other land outside the boundaries of the Project to be a part of the Common Areas; 

(d) To add additional buildings and improvements to the Common Areas; 

(e) To use the Common Areas while engaged in making additional improvements, repairs or alterations to the Project, or any portion thereof; and

 (f) To do and perform such other acts and make such other changes in, to or with respect to the Common Areas and Project as Lessor may, in
the exercise of sound business judgment, reasonably deemed to be appropriate, provided, however, that such changes to the Common Areas shall not materially and adversely interfere with Lessee’s use of the Premises or reduce the number or type
of parking spaces allotted to Lessee hereunder. 
 3. Term. 

3.1 Term. The Commencement Date, Expiration Date and Original Term of this Lease are as specified in Paragraph 1.3. 

3.2 Early Possession. Any provision herein granting Lessee Early Possession of the Premises is subject to and conditioned upon
the Premises being available for such possession prior to the Commencement Date. Any grant of Early Possession only conveys a non-exclusive right to occupy the Premises. If Lessee totally or partially occupies
the Premises prior to the Commencement Date, the obligation to pay Base Rent shall be abated for the period of such Early Possession. All other terms of this Lease (including but not limited to the obligations to pay Lessee’s Share of Common
Area Operating Expenses, Real Property Taxes and insurance premiums and to maintain the Premises) shall be in effect during such period. Any such Early Possession shall not affect the Expiration Date. During the course of construction of
Lessor’s Work, Lessor shall grant Lessee reasonable access to the Premises for the purposes of (i) ensuring that the computer, data and telephone networks are installed correctly and working and (ii) for the purpose of installing
signage. Lessor shall deliver possession of the Premises upon completion of Lessor’s Work, as defined in the Addendum attached to this Lease. If Lessee occupies the Premises after completion of Lessor’s Work and prior to the Commencement
Date, Lessee’s obligation to pay Rent (including but not limited to the obligation to pay Base Rent, Lessee’s Share of Common Area Operating Expenses, Real Project Taxes and insurance premiums) shall be abated for the period of such early
possession up to the Commencement Date. All other terms of this Lease shall be in effect during such period. 
 3.3 Delay In
Possession. Lessor agrees to use its best commercially reasonable efforts to deliver possession of the Premises to Lessee by the Commencement Date. If, despite said efforts, Lessor is unable to deliver possession by such date, Lessor shall not
be subject to any liability therefor, nor shall such failure affect the validity of this Lease or change the Expiration Date. Lessee shall not, however, be obligated to pay Rent or perform its other obligations until Lessor delivers possession of
the Premises and any period of rent abatement that Lessee would otherwise have enjoyed shall run from the date of delivery of possession and continue for a period equal to what Lessee would otherwise have enjoyed under the terms hereof, but
minus any days of delay caused by the acts or omissions of Lessee. If possession is not delivered within 60 days after the Commencement Date, as the same may be extended under the terms of any Work Letter executed by Parties, Lessee may, at its
option, by notice in writing within 10 days after the end of such 60 day period, cancel this Lease, in which event the Parties shall be discharged from all obligations hereunder. If such written notice is not received by Lessor within said 10 day
period, Lessee’s right to cancel shall terminate. If possession of the Premises is not delivered by March 15, 2014 within 120 days after the Commencement Date, this Lease shall terminate unless other agreements
are reached between Lessor and Lessee, in writing. 

  

					
	  
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 3.4 Lessee Compliance. Lessor shall not be required to tender possession of the
Premises to Lessee until Lessee complies with its obligation to provide evidence of insurance (Paragraph 8.5). Pending delivery of such evidence, Lessee shall be required to perform all of its obligations under this Lease from and after the Start
Date, including the payment of Rent, notwithstanding Lessor’s election to withhold possession pending receipt of such evidence of insurance. Further, if Lessee is required to perform any other conditions prior to or concurrent with the Start
Date, the Start Date shall occur but Lessor may elect to withhold possession until such conditions are satisfied. 
 4. Rent. 

4.1 Rent Defined. All monetary obligations of Lessee to Lessor under the terms of this Lease (except for the Security Deposit) are
deemed to be rent (“Rent”). 
 4.2 Common Area Operating Expenses. Beginning August 1, 2014, Lessee shall pay to
Lessor during the term hereof, in addition to the Base Rent, Lessee’s Share (as specified in Paragraph 1.6) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with
the following provisions: 
 (a) “Common Area Operating Expenses” are defined, for purposes of this Lease, as all costs
incurred by Lessor relating to the ownership and operation of the Project, including, but not limited to, the following: 
 (i) The
operation, repair and maintenance, in neat, clean, good order and condition, and if necessary the replacement, of the following: 
 (aa) The
Common Areas and Common Area improvements, including parking areas, loading and unloading areas, trash areas, roadways, parkways, walkways, driveways, landscaped areas, bumpers, irrigation systems, Common Area lighting facilities, fences and gates,
elevators, roofs, exterior walls of the buildings, building systems and roof drainage systems. 
 (bb) Exterior signs and any tenant
directories. 
 (cc) Any fire sprinkler systems. 

(dd) All other areas and improvements that are within the exterior boundaries of the Project but outside of the Premises and/or any other
space occupied by a tenant. 
 (ii) The cost of water, gas, electricity and telephone to service the Common Areas and any utilities not
separately metered. 
 (iii) The cost of trash disposal, pest control services, property management, security services, owners’
association dues and fees, the cost to repaint the exterior of any structures and the cost of any environmental inspections. 
 (iv)
Reserves set aside for maintenance, repair and/or replacement of Common Area improvements and equipment. 
 (v) Real
Property Taxes (as defined in Paragraph 10). 
 (vi) The cost of the premiums for the insurance maintained by Lessor pursuant to Paragraph
8. 
 (vii) Any deductible portion of an insured loss concerning the Building or the Common Areas. 

(viii) Auditors’, accountants’ and attorneys’ fees and costs related to the operation, maintenance, repair and replacement of
the Project. 
 (ix) The cost of any capital improvement to the Building or the Project not covered under the provisions of Paragraph 2.3
provided; however, that Lessor shall allocate the cost of any such capital improvement over a 12 year period and Lessee shall not be required to pay more than Lessee’s Share of 1/144th of the cost of such capital improvement in any given month.

 (x) The cost of any other services to be provided by Lessor that are stated elsewhere in this Lease to be a Common Area Operating
Expense. 
 (b) Any Common Area Operating Expenses and Real Property Taxes that are specifically attributable to the Unit, the Building or to
any other building in the Project or to the operation, repair and maintenance thereof, shall be allocated entirely to such Unit, Building, or other building. However, any Common Area Operating Expenses and Real Property Taxes that are not
specifically attributable to the Building or to any other building or to the operation, repair and maintenance thereof, shall be equitably allocated by Lessor to all buildings in the Project. 

(c) The inclusion of the improvements, facilities and services set forth in Subparagraph 4.2(a) shall not be deemed to impose an obligation
upon Lessor to either have said improvements or facilities or to provide those services unless the Project already has the same, Lessor already provides the services, or Lessor has agreed elsewhere in this Lease to provide the same or some of them.

 (d) Lessee’s Share of Common Area Operating Expenses is payable monthly on the same day as the Base Rent is due hereunder. The amount
of such payments shall be based on Lessor’s estimate of the annual Common Area Operating Expenses. Within 60 days after written request (but not more than once each year) Lessor shall deliver to Lessee a reasonably detailed statement showing
Lessee’s Share of the actual Common Area Operating Expenses for the preceding year. If Lessee’s payments during such year exceed Lessee’s Share, Lessor shall credit the amount of such over-payment against Lessee’s future
payments. If Lessee’s payments during such year were less than Lessee’s Share, Lessee shall pay to Lessor the amount of the deficiency within 10 days after delivery by Lessor to Lessee of the statement. 

(e) Common Area Operating Expenses shall not include any expenses paid by any tenant directly to third parties, or as to which Lessor is
otherwise reimbursed by any third party, other tenant, or insurance proceeds. 
 (f) Notwithstanding any provision to the contrary in this
Lease, “Common Area Operating Expenses” shall not include, and Lessee shall pay no part of, any of the following: 
 (i)
Expenses relating to any tenant improvements for a specific tenant at the Project; 
 (ii) Leasing commissions, attorney’s fees and
costs, or other expenses incurred in connection with leasing space in the Project, or in connection with any dispute with any tenant or other occupant of the Project; 

(iii) Expenses of complying with any laws, rules, or regulations relating to Hazardous Substances, unless caused by Lessee; 

(iv) Any administrative, overhead or property management expense to the extent they exceed 5% of all Rents collected; 

(v) Debt service on any mortgages or other debt, or rent on any ground or underlying lease or other similar financing device; 

(vi) Any depreciation on the Building, the Project or any portion thereof; 

(vii) Costs of furnishing any item or service to other tenants in the Project; 

(viii) Advertising, marketing or promotional expenses, or the costs of signs in or on the Building or Project identifying the owner thereof;

 (ix) Any tax or similar fee (including, without limitation, any income, inheritance, franchise, gift or estate tax, any tax or fee based
on rent or Lessor’s revenues or receipts, or any other business tax or assessment) other than Real Property Taxes; 
 (x) Any penalty
or late charge resulting from any failure to pay Real Property Taxes prior to delinquency; 
 (xi) Cash contributions made gratuitously by
Lessor to benefit political or charitable causes; 
 (xii) Any cost or expense for which Lessor is otherwise reimbursed by any third party,
other tenant, or insurance proceeds; or 
 (xiii) Any cost or expense that is duplicative of another Common Area Operating Expense
Item.” 

  

					
	  
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 (g) Lessor shall keep accurate and complete books and records that show all Common Area
Operating Expenses that include, without limitation, invoices, receipts, canceled checks, and like matters. Lessor shall retain such books and records for at least three (3) years after the expiration of the calendar year to which they relate.
Lessee or its designees shall have the right, within one (1) year of billing by Lessor, to review such books and records upon giving notice to Lessor of an intent to review such books and records at least fifteen (15) days prior to a
mutually agreeable review date. If the audit discloses any error in the determination of the Common Area Operating Expenses, or in the allocation thereof, an appropriate adjustment shall be promptly made. Common Area Operating Expenses to be
accounted for and billed substantially in accordance with Exhibit E. 
 4.3 Payment. Lessee shall cause payment of Rent to be received
by Lessor in lawful money of the United States, without offset or deduction (except as specifically permitted in this Lease), on or before the day on which it is due. All monetary amounts shall be rounded to the nearest whole dollar. In the event
that any invoice prepared by Lessor is inaccurate such inaccuracy shall not constitute a waiver and Lessee shall be obligated to pay the amount set forth in this Lease. Rent for any period during the term hereof which is for less than one full
calendar month shall be prorated based upon the actual number of days of said month. Payment of Rent shall be made to Lessor at its address stated herein or to such other persons or place as Lessor may from time to time designate in writing.
Acceptance of a payment which is less than the amount then due shall not be a waiver of Lessor’s rights to the balance of such Rent, regardless of Lessor’s endorsement of any check so stating. In the event that any check, draft, or other
instrument of payment given by Lessee to Lessor is dishonored for any reason, Lessee agrees to pay to Lessor the sum of $25 in addition to any Late Charge and Lessor, at its option, may require all future Rent be paid by cashier’s check.
Payments will be applied first to accrued late charges and attorney’s fees, second to accrued interest, then to Base Rent and Common Area Operating Expenses, and any remaining amount to any other outstanding charges or costs. 

5. Security Deposit. Lessee shall deposit with Lessor upon execution hereof the Security Deposit as security for Lessee’s faithful performance of
its obligations under this Lease. If Lessee fails to pay Rent, or otherwise Defaults under this Lease, Lessor may use, apply or retain all or any portion of said Security Deposit for the payment of any amount already due Lessor, for Rents which will
be due in the future, and/ or to reimburse or compensate Lessor for any liability, expense, loss or damage which Lessor may suffer or incur by reason thereof. If Lessor uses or applies all or any portion of the Security Deposit, Lessee shall within
10 days after written request therefor deposit monies with Lessor sufficient to restore said Security Deposit to the full amount required by this Lease. If the Base Rent increases during the term of this Lease, Lessee shall, upon written request
from Lessor, deposit additional monies with Lessor so that the total amount of the Security Deposit shall at all times bear the same proportion to the increased Base Rent as the initial Security Deposit bore to the initial Base Rent. Should the
Agreed Use be amended to accommodate a material change in the business of Lessee or to accommodate a sublessee or assignee, Lessor shall have the right to increase the Security Deposit to the extent necessary, in Lessor’s reasonable judgment,
to account for any increased wear and tear that the Premises may suffer as a result thereof. If a change in control of Lessee occurs during this Lease and following such change the financial condition of Lessee is, in Lessor’s reasonable
judgment, significantly reduced, Lessee shall deposit such additional monies with Lessor as shall be sufficient to cause the Security Deposit to be at a commercially reasonable level based on such change in financial condition. Lessor shall not be
required to keep the Security Deposit separate from its general accounts. Within 90 days after the expiration or termination of this Lease, Lessor shall return that portion of the Security Deposit not used or applied by Lessor. No part of the
Security Deposit shall be considered to be held in trust, to bear interest or to be prepayment for any monies to be paid by Lessee under this Lease. 
 6.
Use. 
 6.1 Use. Lessee shall use and occupy the Premises only for the Agreed Use, or any other legal use which is reasonably
comparable thereto, and for no other purpose. Lessee shall not use or permit the use of the Premises in a manner that is unlawful, creates damage, waste or a nuisance, or that disturbs occupants of or causes damage to neighboring premises or
properties. Other than guide, signal and seeing eye dogs, Lessee shall not keep or allow in the Premises any pets, animals, birds, fish, or reptiles. Lessor shall not unreasonably withhold or delay its consent to any written request for a
modification of the Agreed Use, so long as the same will not impair the structural integrity of the Building or the mechanical or electrical systems therein, and/or is not significantly more burdensome to the Project. If Lessor elects to withhold
consent, Lessor shall within 7 days after such request give written notification of same, which notice shall include an explanation of Lessor’s objections to the change in the Agreed Use. 

6.2 Hazardous Substances. 

(a) Reportable Uses Require Consent. The term “Hazardous Substance” as used in this Lease shall mean any product,
substance, or waste whose presence, use, manufacture, disposal, transportation, or release, either by itself or in combination with other materials expected to be on the Premises, is either: (i) potentially injurious to the public health,
safety or welfare, the environment or the Premises, (ii) regulated or monitored by any governmental authority, or (iii) a basis for potential liability of Lessor to any governmental agency or third party under any applicable statute or
common law theory. Hazardous Substances shall include, but not be limited to, hydrocarbons, petroleum, gasoline, and/or crude oil or any products, by-products or fractions thereof. Lessee shall not engage in
any activity in or on the Premises which constitutes a Reportable Use of Hazardous Substances without the express prior written consent of Lessor and timely compliance (at Lessee’s expense) with all Applicable Requirements. “Reportable
Use” shall mean (i) the installation or use of any above or below ground storage tank, (ii) the generation, possession, storage, use, transportation, or disposal of a Hazardous Substance that requires a permit from, or with
respect to which a report, notice, registration or business plan is required to be filed with, any governmental authority, and/or (iii) the presence at the Premises of a Hazardous Substance with respect to which any Applicable Requirements
requires that a notice be given to persons entering or occupying the Premises or neighboring properties. Notwithstanding the foregoing, Lessee may use any ordinary and customary materials reasonably required to be used in the normal course of the
Agreed Use, ordinary office supplies (copier toner, liquid paper, glue, etc.) and common household cleaning materials, so long as such use is in compliance with all Applicable Requirements, is not a Reportable Use, and does not expose the Premises
or neighboring property to any meaningful risk of contamination or damage or expose Lessor to any liability therefor. In addition, Lessor may condition its consent to any Reportable Use upon receiving such additional assurances as Lessor reasonably
deems necessary to protect itself, the public, the Premises and/or the environment against damage, contamination, injury and/or liability, including, but not limited to, the installation (and removal on or before Lease expiration or termination) of
protective modifications (such as concrete encasements) and/or increasing the Security Deposit. 
 (b) Duty to Inform Lessor. If
Lessee knows, or has reasonable cause to believe, that a Hazardous Substance has come to be located in, on, under or about the Premises, other than as previously consented to by Lessor, Lessee shall immediately give written notice of such fact to
Lessor, and provide Lessor with a copy of any report, notice, claim or other documentation which it has concerning the presence of such Hazardous Substance. 

(c) Lessee Remediation. Lessee shall not cause or permit any Hazardous Substance to be spilled or released in, on, under, or about the
Premises (including through the plumbing or sanitary sewer system) and shall promptly, at Lessee’s expense, comply with all Applicable Requirements and take all investigatory and/or remedial action reasonably recommended, whether or not
formally ordered or required, for the cleanup of any contamination of, and for the maintenance, security and/or monitoring of the Premises or neighboring properties, that was caused or materially contributed to by Lessee, or pertaining to or
involving any Hazardous Substance brought onto the Premises during the term of this Lease, by or for Lessee, or any related third party. 

(d) Lessee Indemnification. Lessee shall indemnify, defend and hold Lessor, its agents, employees, lenders and ground lessor, if any,
harmless from and against any and all loss of rents and/or damages, liabilities, judgments, claims, expenses, penalties, and attorneys’ and consultants’ fees arising out of or involving any Hazardous Substance brought onto the Premises by
or for Lessee, or any third party (provided, however, that Lessee shall have no liability under this Lease with respect to underground migration of any Hazardous Substance under the Premises from areas outside of the Project not caused or
contributed to by Lessee). Lessee’s obligations shall include, but not be limited to, the effects of any contamination or injury to person, property or the environment created or suffered by Lessee, and the cost of investigation, removal,
remediation, restoration and/or abatement, and shall survive the expiration or termination of this Lease. No termination, cancellation or release agreement entered into by Lessor and Lessee shall release Lessee from its obligations under this Lease
with respect to Hazardous Substances, unless specifically so agreed by Lessor in writing at the time of such agreement. 

  

					
	  
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 (e) Lessor Indemnification. Except as otherwise provided in paragraph 8.7, Lessor and
its successors and assigns shall indemnify, defend, reimburse and hold Lessee, its employees and lenders, harmless from and against any and all environmental damages, including the cost of remediation, which are suffered as a direct result of
Hazardous Substances on the Premises prior to Lessee taking possession or which are caused by the gross negligence or willful misconduct of Lessor, its agents or employees. Lessor’s obligations, as and when required by the Applicable
Requirements, shall include, but not be limited to, the cost of investigation, removal, remediation, restoration and/or abatement, and shall survive the expiration or termination of this Lease. 

(f) Investigations and Remediations. Lessor shall retain the responsibility and pay for any investigations or remediation measures
required by governmental entities having jurisdiction with respect to the existence of Hazardous Substances on the Premises prior to the Lessee taking possession, unless such remediation measure is required as a result of Lessee’s use
(including “Alterations”, as defined in paragraph 7.3(a) below) of the Premises, in which event Lessee shall be responsible for such payment. Lessee shall cooperate fully in any such activities at the request of Lessor, including
allowing Lessor and Lessor’s agents to have reasonable access to the Premises at reasonable times in order to carry out Lessor’s investigative and remedial responsibilities. 

(g) Lessor Termination Option. If a Hazardous Substance Condition (see Paragraph 9.1(e)) occurs during the term of this Lease, unless
Lessee is legally responsible therefor (in which case Lessee shall make the investigation and remediation thereof required by the Applicable Requirements and this Lease shall continue in full force and effect, but subject to Lessor’s rights
under Paragraph 6.2(d) and Paragraph 13), Lessor may, at Lessor’s option, either (i) investigate and remediate such Hazardous Substance Condition, if required, as soon as reasonably possible at Lessor’s expense, in which event this
Lease shall continue in full force and effect, or (ii) if the estimated cost to remediate such condition exceeds 12 times the then monthly Base Rent or $100,000, whichever is greater, give written notice to Lessee, within 30 days after receipt
by Lessor of knowledge of the occurrence of such Hazardous Substance Condition, of Lessor’s desire to terminate this Lease as of the date 60 days following the date of such notice. In the event Lessor elects to give a termination notice, Lessee
may, within 10 days thereafter, give written notice to Lessor of Lessee’s commitment to pay the amount by which the cost of the remediation of such Hazardous Substance Condition exceeds an amount equal to 12 times the then monthly Base Rent or
$100,000, whichever is greater. Lessee shall provide Lessor with said funds or satisfactory assurance thereof within 30 days following such commitment. In such event, this Lease shall continue in full force and effect, and Lessor shall proceed to
make such remediation as soon as reasonably possible after the required funds are available. If Lessee does not give such notice and provide the required funds or assurance thereof within the time provided, this Lease shall terminate as of the date
specified in Lessor’s notice of termination. 
 6.3 Lessee’s Compliance with Applicable Requirements. Except as otherwise
provided in this Lease, Lessee shall, at Lessee’s sole expense, fully, diligently and in a timely manner, materially comply with all Applicable Requirements, the requirements of any applicable fire insurance underwriter or rating bureau, and
the recommendations of Lessor’s engineers and/or consultants which relate in any manner to such Requirements, without regard to whether said Requirements are now in effect or become effective after the Start Date. Lessee shall, within 10 days
after receipt of Lessor’s written request, provide Lessor with copies of all permits and other documents, and other information evidencing Lessee’s compliance with any Applicable Requirements specified by Lessor, and shall immediately upon
receipt, notify Lessor in writing (with copies of any documents involved) of any threatened or actual claim, notice, citation, warning, complaint or report pertaining to or involving the failure of Lessee or the Premises to comply with any
Applicable Requirements. Likewise, Lessee shall immediately give written notice to Lessor of: (i) any water damage to the Premises and any suspected seepage, pooling, dampness or other condition conducive to the production of mold; or
(ii) any mustiness or other odors that might indicate the presence of mold in the Premises. 
 6.4 Inspection; Compliance. Lessor
and Lessor’s “Lender” (as defined in Paragraph 30) and consultants shall have the right to enter into Premises at any time, in the case of an emergency, and otherwise at reasonable times after reasonable (and in no case less
than 24 hours) notice, for the purpose of inspecting the condition of the Premises and for verifying compliance by Lessee with this Lease. The cost of any such inspections shall be paid by Lessor, unless a violation of Applicable Requirements, or a
Hazardous Substance Condition (see Paragraph 9.1) is found to exist or be imminent, or the inspection is requested or ordered by a governmental authority. In such case, Lessee shall upon request reimburse Lessor for the cost of such inspection, so
long as such inspection is reasonably related to the violation or contamination. In addition, Lessee shall provide copies of all relevant material safety data sheets (MSDS) to Lessor within 10 days of the receipt of written request therefor. 

7. Maintenance; Repairs, Utility Installations; Trade Fixtures and Alterations. 

7.1 Lessee’s Obligations. 

(a) In General. Subject to the provisions of Paragraph 2.2 (Condition), 2.3 (Compliance), 6.3 (Lessee’s Compliance with Applicable
Requirements), 7.2 (Lessor’s Obligations), 9 (Damage or Destruction), and 14 (Condemnation), Lessee shall, at Lessee’s sole expense, keep the Premises, Utility Installations (intended for Lessee’s exclusive use, no matter where
located), and Alterations in good order, condition and repair (whether or not the portion of the Premises requiring repairs, or the means of repairing the same, are reasonably or readily accessible to Lessee, and whether or not the need for such
repairs occurs as a result of Lessee’s use, any prior use, the elements or the age of such portion of the Premises), including, but not limited to, all equipment or facilities, such as plumbing, HVAC equipment, electrical, lighting facilities,
boilers, pressure vessels, fixtures, interior walls, interior surfaces of exterior walls, ceilings, floors, windows, doors, plate glass, and skylights but excluding any items which are the responsibility of Lessor pursuant to Paragraph 7.2. Lessee,
in keeping the Premises in good order, condition and repair, shall exercise and perform good maintenance practices, specifically including the procurement and maintenance of the service contracts required by Paragraph 7.1(b) below. Lessee’s
obligations shall include restorations, replacements or renewals when necessary to keep the Premises and all improvements thereon or a part thereof in good order, condition and state of repair. 

(b) Service Contracts. Lessee shall, at Lessee’s sole expense, procure and maintain contracts, with copies to Lessor, in customary
form and substance for, and with contractors specializing and experienced in the maintenance of the following equipment and improvements, if any, if and when installed on the Premises: (i) HVAC equipment, (ii) boiler and pressure vessels,
and (iii) clarifiers. However, Lessor reserves the right, upon notice to Lessee, to procure and maintain any or all of such service contracts, and Lessee shall reimburse Lessor, upon demand, for the cost thereof. 

(c) Failure to Perform. If Lessee fails to perform Lessee’s obligations under this Paragraph 7.1, Lessor may enter upon the
Premises after 10 days’ prior written notice to Lessee (except in the case of an emergency, in which case no notice shall be required), perform such obligations on Lessee’s behalf, and put the Premises in good order, condition and repair,
and Lessee shall promptly pay to Lessor a sum equal to 115% of the cost thereof. 
 (d) Replacement. Subject to Lessee’s
indemnification of Lessor as set forth in Paragraph 8.7 below, and without relieving Lessee of liability resulting from Lessee’s failure to exercise and perform good maintenance practices, if an item described in Paragraph 7.1(b) cannot be
repaired other than at a cost which is in excess of 50% of the cost of replacing such item, then such item shall be replaced by Lessor, and the cost thereof shall be prorated between the Parties and Lessee shall only be obligated to pay, each month
during the remainder of the term of this Lease, on the date on which Base Rent is due, an amount equal to the product of multiplying the cost of such replacement by a fraction, the numerator of which is one, and the denominator of which is 144 (ie.
1/144th of the cost per month). Lessee shall pay interest on the unamortized balance but may prepay its obligation at any time. 
 7.2
Lessor’s Obligations. Subject to the provisions of Paragraphs 2.2 (Condition), 2.3 (Compliance), 4.2 (Common Area Operating Expenses), 6 (Use), 7.1 (Lessee’s Obligations), 9 (Damage or Destruction) and 14 (Condemnation), Lessor,
subject to reimbursement pursuant to Paragraph 4.2, shall keep in good order, condition and repair the foundations, exterior walls, structural condition of interior bearing walls, exterior roof, fire sprinkler

  

					
	  
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system, Common Area fire alarm and/or smoke detection systems, fire hydrants, parking lots, walkways, parkways, driveways, landscaping, fences, signs and utility systems serving the Common Areas
and all parts thereof, as well as providing the services for which there is a Common Area Operating Expense pursuant to Paragraph 4.2. Lessor shall not be obligated to paint the exterior or interior surfaces of exterior walls nor shall Lessor be
obligated to maintain, repair or replace windows, doors or plate glass of the Premises. Lessee expressly waives the benefit of any statute now or hereafter in effect to the extent it is inconsistent with the terms of this Lease. 

7.3 Utility Installations; Trade Fixtures; Alterations. 

(a) Definitions. The term “Utility Installations” refers to all floor and window coverings, air and/or vacuum
lines, power panels, electrical distribution, security and fire protection systems, communication cabling, lighting fixtures, HVAC equipment, plumbing, and fencing in or on the Premises. The term “Trade Fixtures” shall mean
Lessee’s machinery and equipment that can be removed without doing material damage to the Premises. The term “Alterations” shall mean any modification of the improvements, other than Utility Installations or Trade Fixtures,
whether by addition or deletion. “Lessee Owned Alterations and/or Utility Installations” are defined as Alterations and/or Utility Installations made by Lessee that are not yet owned by Lessor pursuant to Paragraph 7.4(a).

 (b) Consent. Lessee shall not make any Alterations or Utility Installations to the Premises without Lessor’s prior written
consent, which shall not be unreasonably withheld, conditioned or delayed. Lessee may, however, make non-structural Alterations or Utility Installations to the interior of the Premises (excluding the roof)
without such consent but upon notice to Lessor, as long as they are not visible from the outside, do not involve puncturing, relocating or removing the roof or any existing walls, will not affect the electrical, plumbing, HVAC, and/or life safety
systems, and the cumulative cost thereof during this Lease as extended does not exceed a sum equal to 3 month’s Base Rent in the aggregate or a sum equal to one month’s Base Rent in any one year. Notwithstanding the foregoing, Lessee shall
not make or permit any roof penetrations and/or install anything on the roof without the prior written approval of Lessor. Lessor may, as a precondition to granting such approval, require Lessee to utilize a contractor chosen and/or approved by
Lessor. Any Alterations or Utility Installations that Lessee shall desire to make and which require the consent of the Lessor shall be presented to Lessor in written form with detailed plans. Consent shall be deemed conditioned upon Lessee’s:
(i) acquiring all applicable governmental permits, (ii) furnishing Lessor with copies of both the permits and the plans and specifications prior to commencement of the work, and (iii) compliance with all conditions of said permits and
other Applicable Requirements in a prompt and expeditious manner. Any Alterations or Utility Installations shall be performed in a workmanlike manner with good and sufficient materials. Lessee shall promptly upon completion furnish Lessor with as-built plans and specifications. For work which costs an amount in excess of one month’s Base Rent, Lessor may condition its consent upon Lessee providing a lien and completion bond in an amount equal
to 150% of the estimated cost of such Alteration or Utility Installation and/or upon Lessee’s posting an additional Security Deposit with Lessor. 

(c) Liens; Bonds. Lessee shall pay, when due, all claims for labor or materials furnished or alleged to have been furnished to or for
Lessee at or for use on the Premises, which claims are or may be secured by any mechanic’s or materialman’s lien against the Premises or any interest therein. Lessee shall give Lessor not less than 10 days notice prior to the commencement
of any work in, on or about the Premises, and Lessor shall have the right to post notices of non-responsibility. If Lessee shall contest the validity of any such lien, claim or demand, then Lessee shall, at
its sole expense defend and protect itself, Lessor and the Premises against the same and shall pay and satisfy any such adverse judgment that may be rendered thereon before the enforcement thereof. If Lessor shall require, Lessee shall furnish a
surety bond in an amount equal to 150% of the amount of such contested lien, claim or demand, indemnifying Lessor against liability for the same. If Lessor elects to participate in any such action, Lessee shall pay Lessor’s attorneys’ fees
and costs. 
 7.4 Ownership; Removal; Surrender; and Restoration. 

(a) Ownership. Subject to Lessor’s right to require removal or elect ownership as hereinafter provided, all Alterations and Utility
Installations made by Lessee shall be the property of Lessee, but considered a part of the Premises. Lessor may, at any time, elect in writing to be the owner of all or any specified part of the Lessee Owned Alterations and Utility Installations.
Unless otherwise instructed per paragraph 7.4(b) hereof, all Lessee Owned Alterations and Utility Installations shall, at the expiration or termination of this Lease, become the property of Lessor and be surrendered by Lessee with the Premises. 

(b) Removal. By delivery to Lessee of written notice from Lessor not earlier than 90 and not later than 30 days prior to the end of the
term of this Lease, Lessor may require that any or all Lessee Owned Alterations or Utility Installations be removed by the expiration or termination of this Lease. Lessor may require the removal at any time of all or any part of any Lessee Owned
Alterations or Utility Installations made without the required consent. 
 (c) Surrender; Restoration. Lessee shall surrender the
Premises by the Expiration Date or any earlier termination date, with all of the improvements, parts and surfaces thereof broom clean and free of debris, and in good operating order, condition and state of repair, ordinary wear and tear excepted.
“Ordinary wear and tear” shall not include any damage or deterioration that would have been prevented by good maintenance practice. Notwithstanding the foregoing, if this Lease is for 12 months or less, then Lessee shall surrender the
Premises in the same condition as delivered to Lessee on the Start Date with NO allowance for ordinary wear and tear. Lessee shall repair any damage occasioned by the installation, maintenance or removal of Trade Fixtures, Lessee owned Alterations
and/or Utility Installations, furnishings, and equipment as well as the removal of any storage tank installed by or for Lessee. Lessee shall also completely remove from the Premises any and all Hazardous Substances brought onto the Premises by or
for Lessee, or any related third party (except Hazardous Substances which were deposited via underground migration from areas outside of the Project) even if such removal would require Lessee to perform or pay for work that exceeds statutory
requirements. Trade Fixtures shall remain the property of Lessee and shall be removed by Lessee. Any personal property of Lessee not removed on or before the Expiration Date or any earlier termination date shall be deemed to have been abandoned by
Lessee and may be disposed of or retained by Lessor as Lessor may desire. The failure by Lessee to timely vacate the Premises pursuant to this Paragraph 7.4(c) without the express written consent of Lessor shall constitute a holdover under the
provisions of Paragraph 26 below. 
 8. Insurance; Indemnity. 

8.1 Payment of Premiums. The cost of the premiums for the insurance policies required to be carried by Lessor, pursuant to Paragraphs
8.2(b), 8.3(a) and 8.3(b), shall be a Common Area Operating Expense. Premiums for policy periods commencing prior to, or extending beyond, the term of this Lease shall be prorated to coincide with the corresponding Start Date or Expiration Date.

 8.2 Liability Insurance. 

(a) Carried by Lessee. Lessee shall obtain and keep in force a Commercial General Liability policy of insurance protecting Lessee and
Lessor as an additional insured against claims for bodily injury, personal injury and property damage based upon or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall
be on an occurrence basis providing single limit coverage in an amount not less than $1,000,000 per occurrence with an annual aggregate of not less than $2,000,000. Lessee shall add Lessor as an additional insured by means of an endorsement at least
as broad as the Insurance Service Organization’s “Additional Insured-Managers or Lessors of Premises” Endorsement. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall
include coverage for liability assumed under this Lease as an “insured contract” for the performance of Lessee’s indemnity obligations under this Lease. The limits of said insurance shall not, however, limit the liability of
Lessee nor relieve Lessee of any obligation hereunder. Lessee shall provide an endorsement on its liability policy(ies) which provides that its insurance shall be primary to and not contributory with any similar insurance carried by Lessor, whose
insurance shall be considered excess insurance only. 
 (b) Carried by Lessor. Lessor shall maintain liability insurance as described
in Paragraph 8.2(a), in addition to, and not in lieu of, the insurance required to be maintained by Lessee. Lessee shall not be named as an additional insured therein. 

  

					
	  
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 8.3 Property Insurance - Building, Improvements and Rental Value. 

(a) Building and Improvements. Lessor shall obtain and keep in force a policy or policies of insurance in the name of Lessor, with loss
payable to Lessor, any ground-lessor, and to any Lender insuring loss or damage to the Premises. The amount of such insurance shall be equal to the full insurable replacement cost of the Premises, as the same shall exist from time to time, or the
amount required by any Lender, but in no event more than the commercially reasonable and available insurable value thereof. Lessee Owned Alterations and Utility Installations, Trade Fixtures, and Lessee’s personal property shall be insured by
Lessee not by Lessor. If the coverage is available and commercially appropriate, such policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake unless required by a Lender),
including coverage for debris removal and the enforcement of any Applicable Requirements requiring the upgrading, demolition, reconstruction or replacement of any portion of the Premises as the result of a covered loss. Said policy or policies shall
also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S.
Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located. If such insurance coverage has a deductible clause, the deductible amount shall not exceed $5,000 per occurrence. 

(b) Rental Value. Lessor shall also obtain and keep in force a policy or policies in the name of Lessor with loss payable to Lessor and
any Lender, insuring the loss of the full Rent for one year with an extended period of indemnity for an additional 180 days (“Rental Value Insurance”). Said insurance shall contain an agreed valuation provision in lieu of any
coinsurance clause, and the amount of coverage shall be adjusted annually to reflect the projected Rent otherwise payable by Lessee, for the next 12 month period. 

(c) Adjacent Premises. Lessee shall pay for any increase in the premiums for the property insurance of the Building and for the Common
Areas or other buildings in the Project if said increase is caused by Lessee’s acts, omissions, use or occupancy of the Premises. 
 (d)
Lessee’s Improvements. Since Lessor is the Insuring Party, Lessor shall not be required to insure Lessee Owned Alterations and Utility Installations unless the item in question has become the property of Lessor under the terms of this
Lease. 
 8.4 Lessee’s Property; Business Interruption Insurance; Worker’s Compensation Insurance. 

(a) Property Damage. Lessee shall obtain and maintain insurance coverage on all of Lessee’s personal property, Trade Fixtures, and
Lessee Owned Alterations and Utility Installations. Such insurance shall be full replacement cost coverage with a deductible of not to exceed $1,000 per occurrence. The proceeds from any such insurance shall be used by Lessee for the replacement of
personal property, Trade Fixtures and Lessee Owned Alterations and Utility Installations. 
 (b) Business Interruption. Lessee shall
obtain and maintain loss of income and extra expense insurance in amounts as will reimburse Lessee for direct or indirect loss of earnings attributable to all perils commonly insured against by prudent lessees in the business of Lessee or
attributable to prevention of access to the Premises as a result of such perils. 
 (c) Worker’s Compensation Insurance. Lessee
shall obtain and maintain Worker’s Compensation Insurance in such amount as may be required by Applicable Requirements. Such policy shall include a ‘Waiver of Subrogation’ endorsement. Lessee shall provide Lessor with a copy of such
endorsement along with the certificate of insurance or copy of the policy required by paragraph 8.5. 
 (d) No Representation of Adequate
Coverage. Lessor makes no representation that the limits or forms of coverage of insurance specified herein are adequate to cover Lessee’s property, business operations or obligations under this Lease. 

8.5 Insurance Policies. Insurance required herein shall be by companies maintaining during the policy term a “General
Policyholders Rating” of at least A-, VII, as set forth in the most current issue of “Best’s Insurance Guide”, or such other rating as may be required by a Lender. Lessee shall
not do or permit to be done anything which invalidates the required insurance policies. Lessee shall, prior to the Start Date, deliver to Lessor certified copies of policies of such insurance or certificates with copies of the required endorsements
evidencing the existence and amounts of the required insurance. No such policy shall be cancelable or subject to modification except after 30 days prior written notice to Lessor. Lessee shall, at least 10 days prior to the expiration of such
policies, furnish Lessor with evidence of renewals or “insurance binders” evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand.
Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If either Party shall fail to procure and maintain the insurance required to be carried by it, the other Party may, but
shall not be required to, procure and maintain the same. 
 8.6 Waiver of Subrogation. Without affecting any other rights or remedies,
Lessee and Lessor each hereby release and relieve the other, 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 herein. 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 Lessor or Lessee, as the case may be, so long as the insurance is not invalidated thereby. 
 8.7
Indemnity. Except for Lessor’s gross negligence or willful misconduct, Lessee shall indemnify, protect, defend and hold harmless the Premises, Lessor and its agents, Lessor’s master or ground lessor, partners and Lenders, 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 Premises
by Lessee. If any action or proceeding is brought against Lessor by reason of any of the foregoing matters, Lessee shall upon notice defend the same at Lessee’s expense by counsel reasonably satisfactory to Lessor and Lessor shall cooperate
with Lessee in such defense. Lessor need not have first paid any such claim in order to be defended or indemnified. 
 8.8 Exemption of
Lessor and its Agents from Liability. Notwithstanding the negligence or breach of this Lease by Lessor or its agents, neither Lessor nor its agents shall be liable under any circumstances for: (i) injury or damage to the person or goods,
wares, merchandise or other property of Lessee, Lessee’s employees, contractors, invitees, customers, or any other person in or about the Premises, whether such damage or injury is caused by or results from fire, steam, electricity, gas, water
or rain, indoor air quality, the presence of mold 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 the said injury or
damage results from conditions arising upon the Premises or upon other portions of the Building, or from other sources or places, (ii) any damages arising from any act or neglect of any other tenant of Lessor or from the failure of Lessor or
its agents to enforce the provisions of any other lease in the Project, or (iii) injury to Lessee’s business or for any loss of income or profit therefrom. Instead, it is intended that Lessee’s sole recourse in the event of such
damages or injury be to file a claim on the insurance policy(ies) that Lessee is required to maintain pursuant to the provisions of paragraph 8. 

8.9 Failure to Provide Insurance. Lessee acknowledges that any failure on its part to obtain or maintain the insurance required herein
will expose Lessor to risks and potentially cause Lessor to incur costs not contemplated by this Lease, the extent of which will be extremely difficult to ascertain. Accordingly, for any month or portion thereof that Lessee does not maintain the
required insurance and/or does not provide Lessor with the required binders or certificates evidencing the existence of the required insurance, the Base Rent shall be automatically increased, without any requirement for notice to Lessee, by an
amount equal to 10% of the then existing Base Rent or $100, whichever is greater. The parties agree that such increase in Base Rent represents fair and reasonable compensation for the additional risk/costs that Lessor will incur by reason of
Lessee’s failure to maintain the required insurance. Such increase in Base Rent shall in no event constitute a waiver of Lessee’s Default or Breach with respect to the failure to maintain such insurance, prevent the exercise of any of the
other rights and remedies granted hereunder, nor relieve Lessee of its obligation to maintain the insurance specified in this Lease. 

  

					
	  
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 8.10 Waiver of Consequential Damages. Neither Lessor nor Lessee shall be liable to
the other (or any person or entity claiming by, through or under the other) for, and each hereby releases and waives any claims with respect to, any consequential damages arising under or in connection with this Lease, including but not limited to,
lost profits and business interruption. 
 9. Damage or Destruction. 

9.1 Definitions. 
 (a)
“Premises Partial Damage” shall mean damage or destruction to the improvements on the Premises, other than Lessee Owned Alterations and Utility Installations, which can reasonably be repaired in 3 months or less from the date of the
damage or destruction, and the cost thereof does not exceed a sum equal to 6 month’s Base Rent. Lessor shall notify Lessee in writing within 30 days from the date of the damage or destruction as to whether or not the damage is Partial or Total.

 (b) “Premises Total Destruction” shall mean damage or destruction to the improvements on the Premises, other than Lessee
Owned Alterations and Utility Installations and Trade Fixtures, which cannot reasonably be repaired in 3 months or less from the date of the damage or destruction and/or the cost thereof exceeds a sum equal to 6 month’s Base Rent. Lessor shall
notify Lessee in writing within 30 days from the date of the damage or destruction as to whether or not the damage is Partial or Total. 

(c) “Insured Loss” shall mean damage or destruction to improvements on the Premises, other than Lessee Owned Alterations and
Utility Installations and Trade Fixtures, which was caused by an event required to be covered by the insurance described in Paragraph 8.3(a), irrespective of any deductible amounts or coverage limits involved. 

(d) “Replacement Cost” shall mean the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence
to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation. 

(e) “Hazardous Substance Condition” shall mean the occurrence or discovery of a condition involving the presence of, or a
contamination by, a Hazardous Substance, in, on, or under the, Premises which requires restoration. 
 9.2 Partial Damage - Insured
Loss. If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at Lessor’s expense, repair such damage (but not Lessee’s Trade Fixtures or Lessee Owned Alterations and Utility Installations) as soon as reasonably
possible and this Lease shall continue in full force and effect; provided, however, that Lessee shall, at Lessor’s election, make the repair of any damage or destruction the total cost to repair of which is $10,000 or less, and, in such event,
Lessor shall make any applicable insurance proceeds available to Lessee on a reasonable basis for that purpose. Notwithstanding the foregoing, if the required insurance was not in force or the insurance proceeds are not sufficient to effect such
repair, the Insuring Party shall promptly contribute the shortage in proceeds as and when required to complete said repairs. In the event, however, such shortage was due to the fact that, by reason of the unique nature of the improvements, full
replacement cost insurance coverage was not commercially reasonable and available, Lessor shall have no obligation to pay for the shortage in insurance proceeds or to fully restore the unique aspects of the Premises unless Lessee provides Lessor
with the funds to cover same, or adequate assurance thereof, within 10 days following receipt of written notice of such shortage and request therefor. If Lessor receives said funds or adequate assurance thereof within said 10 day period, the party
responsible for making the repairs shall complete them as soon as reasonably possible and this Lease shall remain in full force and effect. If such funds or assurance are not received, Lessor may nevertheless elect by written notice to Lessee within
10 days thereafter to: (i) make such restoration and repair as is commercially reasonable with Lessor paying any shortage in proceeds, in which case this Lease shall remain in full force and effect, or (ii) have this Lease terminate 30
days thereafter. Lessee shall not be entitled to reimbursement of any funds contributed by Lessee to repair any such damage or destruction. Premises Partial Damage due to flood or earthquake shall be subject to Paragraph 9.3, notwithstanding that
there may be some insurance coverage, but the net proceeds of any such insurance shall be made available for the repairs if made by either Party. 

9.3 Partial Damage - Uninsured Loss. If a Premises Partial Damage that is not an Insured Loss occurs, unless caused by a negligent or
willful act of Lessee (in which event Lessee shall make the repairs at Lessee’s expense), Lessor may either: (i) repair such damage as soon as reasonably possible at Lessor’s expense, in which event this Lease shall continue in full
force and effect, or (ii) terminate this Lease by giving written notice to Lessee within 30 days after receipt by Lessor of knowledge of the occurrence of such damage. Such termination shall be effective 60 days following the date of such
notice. In the event Lessor elects to terminate this Lease, Lessee shall have the right within 10 days after receipt of the termination notice to give written notice to Lessor of Lessee’s commitment to pay for the repair of such damage without
reimbursement from Lessor. Lessee shall provide Lessor with said funds or satisfactory assurance thereof within 30 days after making such commitment. In such event this Lease shall continue in full force and effect, and Lessor shall proceed to make
such repairs as soon as reasonably possible after the required funds are available. If Lessee does not make the required commitment, this Lease shall terminate as of the date specified in the termination notice. 

9.4 Total Destruction. Notwithstanding any other provision hereof, if a Premises Total Destruction occurs, this Lease shall terminate 60
days following such Destruction. If the damage or destruction was caused by the gross negligence or willful misconduct of Lessee, Lessor shall have the right to recover Lessor’s damages from Lessee, except as provided in Paragraph 8.6. 

9.5 Damage Near End of Term. If at any time during the last 6 months of this Lease there is damage for which the cost to repair exceeds
one month’s Base Rent, whether or not an Insured Loss, Lessor may terminate this Lease effective 60 days following the date of occurrence of such damage by giving a written termination notice to Lessee within 30 days after the date of
occurrence of such damage. Notwithstanding the foregoing, if Lessee at that time has an exercisable option to extend this Lease or to purchase the Premises, then Lessee may preserve this Lease by, (a) exercising such option and
(b) providing Lessor with any shortage in insurance proceeds (or adequate assurance thereof) needed to make the repairs on or before the earlier of (i) the date which is 10 days after Lessee’s receipt of Lessor’s written notice
purporting to terminate this Lease, or (ii) the day prior to the date upon which such option expires. If Lessee duly exercises such option during such period and provides Lessor with funds (or adequate assurance thereof) to cover any shortage
in insurance proceeds, Lessor shall, at Lessor’s commercially reasonable expense, repair such damage as soon as reasonably possible and this Lease shall continue in full force and effect. If Lessee fails to exercise such option and provide such
funds or assurance during such period, then this Lease shall terminate on the date specified in the termination notice and Lessee’s option shall be extinguished. 

9.6 Abatement of Rent; Lessee’s Remedies. 

(a) Abatement. In the event of Premises Partial Damage or Premises Total Destruction or a Hazardous Substance Condition for which
Lessee is not responsible under this Lease, the Rent payable by Lessee for the period required for the repair, remediation or restoration of such damage shall be abated in proportion to the degree to which Lessee’s use of the Premises is
impaired, but not to exceed the proceeds received from the Rental Value insurance. All other obligations of Lessee hereunder shall be performed by Lessee, and Lessor shall have no liability for any such damage, destruction, remediation, repair or
restoration except as provided herein. 
 (b) Remedies. If Lessor is obligated to repair or restore the Premises and does not
commence, in a substantial and meaningful way, such repair or restoration within 90 days after such obligation shall accrue, Lessee may, at any time prior to the commencement of such repair or restoration, give written notice to Lessor and to any
Lenders of which Lessee has actual notice, of Lessee’s election to terminate this Lease on a date not less than 60 days following the giving of such notice. If Lessee gives such notice and such repair or restoration is not commenced within 30
days thereafter, this Lease shall terminate as of the date specified in said notice. If the repair or restoration is commenced within such 30 days, this Lease shall continue in full force and effect. “Commence” shall mean either the
unconditional authorization of the preparation of the required plans, or the beginning of the actual work on the Premises, whichever first occurs. 

  

					
	  
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 9.7 Termination; Advance Payments. Upon termination of this Lease pursuant to
Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee’s Security Deposit as has
not been, or is not then required to be, used by Lessor. 
 10. Real Property Taxes. 

10.1 Definition. As used herein, the term “Real Property Taxes” shall include any form of assessment; real estate,
general, special, ordinary or extraordinary, or rental levy or tax (other than inheritance, personal income or estate taxes); improvement bond; and/or license fee imposed upon or levied against any legal or equitable interest of Lessor in the
Project, Lessor’s right to other income therefrom, and/or Lessor’s business of leasing, by any authority having the direct or indirect power to tax and where the funds are generated with reference to the Project address and where the
proceeds so generated are to be applied by the city, county or other local taxing authority of a jurisdiction within which the Project is located. The term “Real Property Taxes” shall also include any tax, fee, levy, assessment or charge,
or any increase therein: (i) imposed by reason of events occurring during the term of this Lease, including but not limited to, a change in the ownership of the Project, (ii) a change in the improvements thereon, and/or (iii) levied
or assessed on machinery or equipment provided by Lessor to Lessee pursuant to this Lease. In calculating Real Property Taxes for any calendar year, the Real Property Taxes for any real estate tax year shall be included in the calculation of Real
Property Taxes for such calendar year based upon the number of days which such calendar year and tax year have in common. Notwithstanding the foregoing, the term “Real Property Taxes” shall not include, and Lessee shall pay no part of,
(i) any income, inheritance, franchise, gift or estate tax, any tax or fee based on rent or Lessor’s revenues or receipts, or any other business tax or assessment, (ii) or any taxes or assessments applicable to any period outside the
term of this Lease. 
 10.2 Payment of Taxes. Except as otherwise provided in Paragraph 10.3, Lessor shall pay the Real Property Taxes
applicable to the Project, and said payments shall be included in the calculation of Common Area Operating Expenses in accordance with the provisions of Paragraph 4.2. 

10.3 Additional Improvements. Common Area Operating Expenses shall not include Real Property Taxes specified in the tax assessor’s
records and work sheets as being caused by additional improvements placed upon the Project by other lessees or by Lessor for the exclusive enjoyment of such other lessees. Notwithstanding Paragraph 10.2 hereof, Lessee shall, however, pay to Lessor
at the time Common Area Operating Expenses are payable under Paragraph 4.2, the entirety of any increase in Real Property Taxes if assessed solely by reason of Alterations, Trade Fixtures or Utility Installations placed upon the Premises by Lessee
or at Lessee’s request or by reason of any alterations or improvements to the Premises made by Lessor subsequent to the execution of this Lease by the Parties. 

10.4 Joint Assessment. If the Building is not separately assessed, Real Property Taxes allocated to the Building shall be an equitable
proportion of the Real Property Taxes for all of the land and improvements included within the tax parcel assessed, such proportion to be determined by Lessor from the respective valuations assigned in the assessor’s work sheets or such other
information as may be reasonably available. Lessor’s reasonable determination thereof, in good faith, shall be conclusive. 
 10.5
Personal Property Taxes. Lessee shall pay prior to delinquency all taxes assessed against and levied upon Lessee Owned Alterations and Utility Installations, Trade Fixtures, furnishings, equipment and all personal property of Lessee contained
in the Premises. When possible, Lessee shall cause its Lessee Owned Alterations and Utility Installations, Trade Fixtures, furnishings, equipment and all other personal property to be assessed and billed separately from the real property of Lessor.
If any of Lessee’s said property shall be assessed with Lessor’s real property, Lessee shall pay Lessor the taxes attributable to Lessee’s property within 10 days after receipt of a written statement setting forth the taxes applicable
to Lessee’s property. 
 11. Utilities and Services. Prior to August 1, 2014, Lessor shall be responsible to pay for all gas, water and
electrical utilities serving the Premises and the Common Area. Commencing August 1, 2014, Lessee shall pay for all utilities serving the Premises, plus its pro rata share of utilities serving the Common Area and reimbursed as Common Area
Expenses. At Lessor’s election, Lessee shall commencing on August 1, 2014, contract directly with all utility providers for water, electricity, gas, telephone and cable (but excluding such utilities that serve the 6305 Building and/or the
Common Areas). water, gas, heat, light, power, telephone, trash disposal and other utilities and services supplied to the Premises, together with any taxes thereon. Notwithstanding the provisions of Paragraph 4.2, if at any time in
Lessor’s sole judgment, Lessor determines that Lessee is using a disproportionate amount of water, electricity or other commonly metered utilities, or that Lessee is generating such a large volume of trash as to require an increase in the size
of the trash receptacle and/or an increase in the number of times per month that it is emptied, then Lessor may increase Lessee’s Base Rent by an amount equal to such increased costs. There shall be no abatement of Rent and Lessor shall not be
liable in any respect whatsoever for the inadequacy, stoppage, interruption or discontinuance of any utility or service due to riot, strike, labor dispute, breakdown, accident, repair or other cause beyond Lessor’s reasonable control or in
cooperation with governmental request or directions. Notwithstanding the foregoing, upon the Early Possession Date, Lessee shall be responsible to provide its own janitorial services for the Premises, and to pay for any internet, telephone or cable
it desires. 
 12. Assignment and Subletting. 

12.1 Lessor’s Consent Required. 

(a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or encumber (collectively, “assign or assignment”)
or sublet all or any part of Lessee’s interest in this Lease or in the Premises without Lessor’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed. 

(b) Unless Lessee is a corporation and its stock is publicly traded on a national stock exchange, a change in the control of Lessee shall
constitute an assignment requiring consent. The transfer, on a cumulative basis, of 2535% or more of the voting control of Lessee shall constitute a change in control for this purpose. 

(c) The involvement of Lessee or its assets in any transaction, or series of transactions (by way of merger, sale, acquisition, financing,
transfer, leveraged buy-out or otherwise), whether or not a formal assignment or hypothecation of this Lease or Lessee’s assets occurs, which results or will result in a reduction of the Net Worth of
Lessee by an amount greater than 25% of such Net Worth as it was represented at the time of the execution of this Lease or at the time of the most recent assignment to which Lessor has consented, or as it exists immediately prior to said transaction
or transactions constituting such reduction, whichever was or is greater, shall be considered an assignment of this Lease to which Lessor may withhold its consent. “Net Worth of Lessee” shall mean the net worth of Lessee (excluding
any guarantors) established under generally accepted accounting principles. 
 (d) An assignment or subletting without consent shall, at
Lessor’s option, be a Default curable after notice per Paragraph 13.1(c), or a noncurable Breach without the necessity of any notice and grace period. If Lessor elects to treat such unapproved assignment or subletting as a noncurable Breach,
Lessor may either: (i) terminate this Lease, or (ii) upon 30 days written notice, increase the monthly Base Rent to 110% of the Base Rent then in effect. Further, in the event of such Breach and rental adjustment, (i) the purchase
price of any option to purchase the Premises held by Lessee shall be subject to similar adjustment to 110% of the price previously in effect, and (ii) all fixed and non-fixed rental adjustments scheduled
during the remainder of the Lease term shall be increased to 110% of the scheduled adjusted rent. 
 (e) Lessee’s remedy for any breach
of Paragraph 12.1 by Lessor shall be limited to compensatory damages and/or injunctive relief. 
 (f) Lessor may reasonably withhold consent
to a proposed assignment or subletting if Lessee is in Default at the time consent is requested. 
 (g) Notwithstanding the foregoing,
allowing a de minimis portion of the Premises, ie. 20 square feet or less, to be used by a third party vendor in connection with the installation of a vending machine or payphone shall not constitute a subletting. 

(h) Notwithstanding any provision to the contrary in this Lease, Lessee may, without the consent of Lessor, but by providing advance written
notice to Lessor, assign (a “Permitted Transfer”) this Lease to (a) a parent, subsidiary, division, affiliate or entity controlled by or under common control with Lessee, (b) any successor entity arising out of any merger,
consolidation, reorganization, acquisition, financing, transfer, leveraged buy-out, or similar action involving 

  

					
	  
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Lessee, (c) any successor entity arising out of any governmental action involving Lessee (d) any person or entity who purchases or acquires all or substantially all of Lessee’s
assets, or (e) any person or entity who purchases or acquires all or substantially all of the shares, partnership interest, membership interests, or other ownership interests of Lessee (each a “Permitted Transferee”). Notwithstanding
anything to the contrary in this Lease, no Transfer or transaction described in this Section 12.1(h) to a Permitted Transferee shall result in the loss of any rights, benefits or options of Lessee under this Lease, including without limitation,
the options to extend this Lease. 
 12.2 Terms and Conditions Applicable to Assignment and Subletting. 

(a) Regardless of Lessor’s consent, no assignment or subletting shall: (i) be effective without the express written assumption by
such assignee or sublessee of the obligations of Lessee under this Lease, (ii) release Lessee of any obligations hereunder, or (iii) alter the primary liability of Lessee for the payment of Rent or for the performance of any other
obligations to be performed by Lessee. 
 (b) Lessor may accept Rent or performance of Lessee’s obligations from any person other than
Lessee pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of Rent or performance shall constitute a waiver or estoppel of Lessor’s right to exercise its
remedies for Lessee’s Default or Breach. 
 (c) Lessor’s consent to any assignment or subletting shall not constitute consent to
any subsequent assignment or subletting. 
 (d) In the event of any Default or Breach by Lessee, Lessor may proceed directly against Lessee,
any Guarantors or anyone else responsible for the performance of Lessee’s obligations under this Lease, including any assignee or sublessee, without first exhausting Lessor’s remedies against any other person or entity responsible
therefore to Lessor, or any security held by Lessor. 
 (e) Each request for consent to an assignment or subletting shall be in writing,
accompanied by information relevant to Lessor’s determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited to the intended use and/or required
modification of the Premises, if any, together with a fee of $500 as consideration for Lessor’s considering and processing said request. Lessee agrees to provide Lessor with such other or additional information and/or documentation as may be
reasonably requested. (See also Paragraph 36) 
 (f) Any assignee of, or sublessee under, this Lease shall, by reason of accepting such
assignment, entering into such sublease, or entering into possession of the Premises or any portion thereof, be deemed to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be
observed or performed by Lessee during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Lessor has specifically consented to in writing.

 (g) Lessor’s consent to any assignment or subletting shall not transfer to the assignee or sublessee any Option granted to the
original Lessee by this Lease unless such transfer is specifically consented to by Lessor in writing. (See Paragraph 39.2) 
 12.3
Additional Terms and Conditions Applicable to Subletting. The following terms and conditions shall apply to any subletting by Lessee of all or any part of the Premises and shall be deemed included in all subleases under this Lease whether or
not expressly incorporated therein: 
 (a) Lessee hereby assigns and transfers to Lessor all of Lessee’s interest in all Rent payable on
any sublease, and Lessor may collect such Rent and apply same toward Lessee’s obligations under this Lease; provided, however, that until a Breach shall occur in the performance of Lessee’s obligations, Lessee may collect said Rent. In the
event that the amount collected by Lessor exceeds Lessee’s then outstanding obligations any such excess shall be refunded to Lessee. Lessor shall not, by reason of the foregoing or any assignment of such sublease, nor by reason of the
collection of Rent, be deemed liable to the sublessee for any failure of Lessee to perform and comply with any of Lessee’s obligations to such sublessee. Lessee hereby irrevocably authorizes and directs any such sublessee, upon receipt of a
written notice from Lessor stating that a Breach exists in the performance of Lessee’s obligations under this Lease, to pay to Lessor all Rent due and to become due under the sublease. Sublessee shall rely upon any such notice from Lessor and
shall pay all Rents to Lessor without any obligation or right to inquire as to whether such Breach exists, notwithstanding any claim from Lessee to the contrary. 

(b) In the event of a Breach by Lessee, Lessor may, at its option, require sublessee to attorn to Lessor, in which event Lessor shall undertake
the obligations of the sublessor under such sublease from the time of the exercise of said option to the expiration of such sublease; provided, however, Lessor shall not be liable for any prepaid rents or security deposit paid by such sublessee to
such sublessor or for any prior Defaults or Breaches of such sublessor. 
 (c) Any matter requiring the consent of the sublessor under a
sublease shall also require the consent of Lessor. 
 (d) No sublessee shall further assign or sublet all or any part of the Premises without
Lessor’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed. 
 (e) Lessor shall deliver a copy of
any notice of Default or Breach by Lessee to the sublessee, who shall have the right to cure the Default of Lessee within the grace period, if any, specified in such notice. The sublessee shall have a right of reimbursement and offset from and
against Lessee for any such Defaults cured by the sublessee. 
 13. Default; Breach; Remedies. 

13.1 Default; Breach. A “Default” is defined as a failure by the Lessee to comply with or perform any of the terms,
covenants, conditions or Rules and Regulations under this Lease. A “Breach” is defined as the occurrence of one or more of the following Defaults, and the failure of Lessee to cure such Default within any applicable grace period:

 (a) The abandonment of the Premises; or the vacating of the Premises without providing a commercially reasonable level of security, or
where the coverage of the property insurance described in Paragraph 8.3 is jeopardized as a result thereof, or without providing reasonable assurances to minimize potential vandalism. 

(b) The failure of Lessee to make any payment of Rent or any Security Deposit required to be made by Lessee hereunder, whether to Lessor or to
a third party, when due, to provide reasonable evidence of insurance or surety bond, or to fulfill any obligation under this Lease which endangers or threatens life or property, where such failure continues for a period of 3 business days following
written notice to Lessee. THE ACCEPTANCE BY LESSOR OF A PARTIAL PAYMENT OF RENT OR SECURITY DEPOSIT SHALL NOT CONSTITUTE A WAIVER OF ANY OF LESSOR’S RIGHTS, INCLUDING LESSOR’S RIGHT TO RECOVER POSSESSION OF THE PREMISES. 

(c) The failure of Lessee to allow Lessor and/or its agents access to the Premises or the commission of waste, act or acts constituting public
or private nuisance, and/or an illegal activity on the Premises by Lessee, where such actions continue for a period of 3 business days following written notice to Lessee. 

(d) The failure by Lessee to provide (i) reasonable written evidence of compliance with Applicable Requirements, (ii) the service
contracts, (iii) the rescission of an unauthorized assignment or subletting, (iv) an Estoppel Certificate or financial statements, (v) a requested subordination, (vi) evidence concerning any guaranty and/or Guarantor,
(vii) any document requested under Paragraph 41, (viii) material data safety sheets (MSDS), or (ix) any other documentation or information which Lessor may reasonably require of Lessee under the terms of this Lease, where any such failure
continues for a period of 10 days following written notice to Lessee. 
 (e) A Default by Lessee as to the terms, covenants, conditions or
provisions of this Lease, or of the rules adopted under Paragraph 2.9 hereof, other than those described in subparagraphs 13.1(a), (b), (c) or (d), above, where such Default continues for a period of 30 days after written notice; provided, however,
that if the nature of Lessee’s Default is such that more than 30 days are reasonably required for its cure, then it shall not be deemed to be a Breach if Lessee commences such cure within said 30 day period and thereafter diligently prosecutes
such cure to completion. 

  

					
	  
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 (f) The occurrence of any of the following events: (i) the making of any general
arrangement or assignment for the benefit of creditors; (ii) becoming a “debtor” as defined in 11 U.S.C. § 101 or any successor statute thereto (unless, in the case of a petition filed against Lessee, the same is dismissed within
60 days); (iii) the appointment of a trustee or receiver to take possession of substantially all of Lessee’s assets located at the Premises or of Lessee’s interest in this Lease, where possession is not restored to Lessee within 30 days;
or (iv) the attachment, execution or other judicial seizure of substantially all of Lessee’s assets located at the Premises or of Lessee’s interest in this Lease, where such seizure is not discharged within 30 days; provided, however,
in the event that any provision of this subparagraph is contrary to any applicable law, such provision shall be of no force or effect, and not affect the validity of the remaining provisions. 

(g) The discovery that any financial statement of Lessee or of any Guarantor given to Lessor was materially false. 

(h) If the performance of Lessee’s obligations under this Lease is guaranteed: (i) the death of a Guarantor, (ii) the
termination of a Guarantor’s liability with respect to this Lease other than in accordance with the terms of such guaranty, (iii) a Guarantor’s becoming insolvent or the subject of a bankruptcy filing, (iv) a Guarantor’s
refusal to honor the guaranty, or (v) a Guarantor’s breach of its guaranty obligation on an anticipatory basis, and Lessee’s failure, within 60 days following written notice of any such event, to provide written alternative assurance
or security, which, when coupled with the then existing resources of Lessee, equals or exceeds the combined financial resources of Lessee and the Guarantors that existed at the time of execution of this Lease. 

13.2 Remedies. If Lessee fails to perform any of its affirmative duties or obligations, within 10 days after written notice (or in case
of an emergency, without notice), Lessor may, at its option, perform such duty or obligation on Lessee’s behalf, including but not limited to the obtaining of reasonably required bonds, insurance policies, or governmental licenses, permits or
approvals. Lessee shall pay to Lessor an amount equal to 115% of the costs and expenses incurred by Lessor in such performance upon receipt of an invoice therefor. In the event of a Breach, Lessor may, with or without further notice or demand, and
without limiting Lessor in the exercise of any right or remedy which Lessor may have by reason of such Breach: 
 (a) Terminate Lessee’s
right to possession of the Premises by any lawful means, in which case this Lease shall terminate and Lessee shall immediately surrender possession to Lessor. In such event Lessor shall be entitled to recover from Lessee: (i) the unpaid Rent
which had been earned at the time of termination; (ii) the worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that the
Lessee proves could have been reasonably avoided; (iii) the worth at the time of award of the amount by which the unpaid rent for the balance of the term after the time of award exceeds the amount of such rental loss that the Lessee proves
could be reasonably avoided; and (iv) any other amount necessary to compensate Lessor for all the detriment proximately caused by the Lessee’s failure to perform its obligations under this Lease or which in the ordinary course of things
would be likely to result therefrom, including but not limited to the cost of recovering possession of the Premises, expenses of reletting, including necessary renovation and alteration of the Premises, reasonable attorneys’ fees, and that
portion of any leasing commission paid by Lessor in connection with this Lease applicable to the unexpired term of this Lease. The worth at the time of award of the amount referred to in provision (iii) of the immediately preceding sentence
shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of the District within which the Premises are located at the time of award plus one percent. Efforts by Lessor to mitigate damages caused by Lessee’s
Breach of this Lease shall not waive Lessor’s right to recover any damages to which Lessor is otherwise entitled. If termination of this Lease is obtained through the provisional remedy of unlawful detainer, Lessor shall have the right to
recover in such proceeding any unpaid Rent and damages as are recoverable therein, or Lessor may reserve the right to recover all or any part thereof in a separate suit. If a notice and grace period required under Paragraph 13.1 was not previously
given, a notice to pay rent or quit, or to perform or quit given to Lessee under the unlawful detainer statute shall also constitute the notice required by Paragraph 13.1. In such case, the applicable grace period required by Paragraph 13.1 and the
unlawful detainer statute shall run concurrently, and the failure of Lessee to cure the Default within the greater of the two such grace periods shall constitute both an unlawful detainer and a Breach of this Lease entitling Lessor to the remedies
provided for in this Lease and/or by said statute. 
 (b) Continue the Lease and Lessee’s right to possession and recover the Rent as it
becomes due, in which event Lessee may sublet or assign, subject only to reasonable limitations. Acts of maintenance, efforts to relet, and/or the appointment of a receiver to protect the Lessor’s interests, shall not constitute a termination
of the Lessee’s right to possession. 
 (c) Pursue any other remedy now or hereafter available under the laws or judicial decisions of
the state wherein the Premises are located. The expiration or termination of this Lease and/or the termination of Lessee’s right to possession shall not relieve Lessee from liability under any indemnity provisions of this Lease as to matters
occurring or accruing during the term hereof or by reason of Lessee’s occupancy of the Premises. 
 13.3 Inducement
Recapture. Any agreement for free or abated rent or other charges, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lessee’s entering into this Lease, all of
which concessions are hereinafter referred to as “Inducement Provisions”, shall be deemed conditioned upon Lessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease
by Lessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by Lessor under such
an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by Lessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the operation of this
paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance. 

13.4 Late Charges. Lessee hereby acknowledges that late payment by Lessee of Rent will cause Lessor to incur costs not contemplated by
this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Lessor by any Lender. Accordingly, if any Rent
shall not be received by Lessor within 5 days after such amount shall be due, then, without any requirement for notice to Lessee, Lessee shall immediately pay to Lessor a one-time late charge equal to 10% of
each such overdue amount or $100, whichever is greater. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Lessor will incur by reason of such late payment. Acceptance of such late charge by Lessor
shall in no event constitute a waiver of Lessee’s Default or Breach with respect to such overdue amount, nor prevent the exercise of any of the other rights and remedies granted hereunder. In the event that a late charge is payable hereunder,
whether or not collected, for 3 consecutive installments of Base Rent, then notwithstanding any provision of this Lease to the contrary, Base Rent shall, at Lessor’s option, become due and payable quarterly in advance. 

13.5 Interest. Any monetary payment due Lessor hereunder, other than late charges, not received by Lessor, when due shall bear interest
from the 31st day after it was due. The interest (“Interest”) charged shall be computed at the rate of 10% per annum but shall not exceed the maximum rate allowed by law. Interest is payable in addition to the potential late charge
provided for in Paragraph 13.4. 
 13.6 Breach by Lessor. 

(a) Notice of Breach. Lessor shall not be deemed in breach of this Lease unless Lessor fails within a reasonable time to perform an
obligation required to be performed by Lessor. For purposes of this Paragraph, a reasonable time shall in no event be less than 30 days after receipt by Lessor, and any Lender whose name and address shall have been furnished Lessee in writing for
such purpose, of written notice specifying wherein such obligation of Lessor has not been performed; provided, however, that if the nature of Lessor’s obligation is such that more than 30 days are reasonably required for its performance, then
Lessor shall not be in breach if performance is commenced within such 30 day period and thereafter diligently pursued to completion. 
 (b)
Performance by Lessee on Behalf of Lessor. In the event that neither Lessor nor Lender cures said breach within 30 days after receipt of said notice, or if having commenced said cure they do not diligently pursue it to completion, then Lessee
may elect to cure said breach at Lessee’s expense and offset from Rent the actual and reasonable cost to perform such cure, provided however, that such offset shall not exceed an amount equal to the greater of one month’s Base Rent
or the Security Deposit, reserving Lessee’s right to reimbursement from Lessor for any such expense in excess of such offset. Lessee shall document the cost of said cure and supply said documentation to Lessor. 

  

					
	  
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 14. Condemnation. If the Premises or any portion thereof are taken under the power of eminent domain
or sold under the threat of the exercise of said power (collectively “Condemnation”), this Lease shall terminate as to the part taken as of the date the condemning authority takes title or possession, whichever first occurs. If more
than 10% of the floor area of the Unit, or more than 25% of the parking spaces is taken by Condemnation, Lessee may, at Lessee’s option, to be exercised in writing within 10 days after Lessor shall have given Lessee written notice of such
taking (or in the absence of such notice, within 10 days after the condemning authority shall have taken possession) terminate this Lease as of the date the condemning authority takes such possession. If Lessee does not terminate this Lease in
accordance with the foregoing, this Lease shall remain in full force and effect as to the portion of the Premises remaining, except that the Base Rent shall be reduced in proportion to the reduction in utility of the Premises caused by such
Condemnation. Condemnation awards and/or payments shall be the property of Lessor, whether such award shall be made as compensation for diminution in value of the leasehold, the value of the part taken, or for severance damages; provided, however,
that Lessee shall be entitled to any compensation paid by the condemnor for Lessee’s relocation expenses, loss of business goodwill and/or Trade Fixtures, without regard to whether or not this Lease is terminated pursuant to the provisions of
this Paragraph. All Alterations and Utility Installations made to the Premises by Lessee, for purposes of Condemnation only, shall be considered the property of the Lessee and Lessee shall be entitled to any and all compensation which is payable
therefor. In the event that this Lease is not terminated by reason of the Condemnation, Lessor shall repair any damage to the Premises caused by such Condemnation. 

15. Brokerage Fees. 
 15.1 Additional
Commission. In addition to the payments owed pursuant to Paragraph 1.10 above, and unless Lessor and the Brokers otherwise agree in writing, Lessor agrees that: (a) if Lessee exercises any Option, (b) if Lessee or anyone affiliated
with Lessee acquires from Lessor any rights to the Premises or other premises owned by Lessor and located within the Project, (c) if Lessee remains in possession of the Premises, with the consent of Lessor, after the expiration of this Lease,
or (d) if Base Rent is increased, whether by agreement or operation of an escalation clause herein, then, Lessor shall pay Brokers a fee in accordance with the fee schedule of the Brokers in effect at the time the Lease was executed. 

15.2 Assumption of Obligations. Any buyer or transferee of Lessor’s interest in this Lease shall be deemed to have assumed
Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then
such amounts shall accrue interest. In addition, if Lessor fails to pay any amounts to Lessee’s Broker when due, Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10
days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between
Lessor and Lessor’s Broker for the limited purpose of collecting any brokerage fee owed. 
 15.3 Representations and Indemnities of
Broker Relationships. Lessee and Lessor each represent and warrant to the other that it has had no dealings with any person, firm, broker or finder (other than the Brokers, if any) in connection with this Lease, and that no one other than said
named Brokers is entitled to any commission or finder’s fee in connection herewith. Lessee and Lessor do each hereby agree to indemnify, protect, defend and hold the other harmless from and against liability for compensation or charges which
may be claimed by any such unnamed broker, finder or other similar party by reason of any dealings or actions of the Indemnifying Party, including any costs, expenses, attorneys’ fees reasonably incurred with respect thereto. 

16. Estoppel Certificates. 
 (a) Each Party
(as “Responding Party”) shall within 10 days after written notice from the other Party (the “Requesting Party”) execute, acknowledge and deliver to the Requesting Party a statement in writing in form similar to the
then most current “Estoppel Certificate” form published by the AIR Commercial Real Estate Association, plus such additional information, confirmation and/or statements as may be reasonably requested by the Requesting Party. 

(b) If the Responding Party shall fail to execute or deliver the Estoppel Certificate within such 10 day period, the Requesting Party may
execute an Estoppel Certificate stating that: (i) the Lease is in full force and effect without modification except as may be represented by the Requesting Party, (ii) there are no uncured defaults in the Requesting Party’s
performance, and (iii) if Lessor is the Requesting Party, not more than one month’s rent has been paid in advance. Prospective purchasers and encumbrancers may rely upon the Requesting Party’s Estoppel Certificate, and the Responding
Party shall be estopped from denying the truth of the facts contained in said Certificate. In addition, Lessee acknowledges that any failure on its part to provide such an Estoppel Certificate will expose Lessor to risks and potentially cause Lessor
to incur costs not contemplated by this Lease, the extent of which will be extremely difficult to ascertain. Accordingly, should the Lessee fail to execute and/or deliver a requested Estoppel Certificate in a timely fashion the monthly Base Rent
shall be automatically increased, without any requirement for notice to Lessee, by an amount equal to 10% of the then existing Base Rent or $100, whichever is greater for remainder of the Lease. The Parties agree that such increase in Base Rent
represents fair and reasonable compensation for the additional risk/costs that Lessor will incur by reason of Lessee’s failure to provide the Estoppel Certificate. Such increase in Base Rent shall in no event constitute a waiver of
Lessee’s Default or Breach with respect to the failure to provide the Estoppel Certificate nor prevent the exercise of any of the other rights and remedies granted hereunder. 

(c) If Lessor desires to finance, refinance, or sell the Premises, or any part thereof, Lessee and all Guarantors shall within 10 days after
written notice from Lessor deliver to any potential lender or purchaser designated by Lessor such financial statements as may be reasonably required by such lender or purchaser, including but not limited to Lessee’s financial statements for the
past 3 years. All such financial statements shall be received by Lessor and such lender or purchaser in confidence and shall be used only for the purposes herein set forth. 

17. Definition of Lessor. The term “Lessor” as used herein shall mean the owner or owners at the time in question of the fee title to
the Premises, or, if this is a sublease, of the Lessee’s interest in the prior lease. In the event of a transfer of Lessor’s title or interest in the Premises or this Lease, Lessor shall deliver to the transferee or assignee (in cash or by
credit) any unused Security Deposit held by Lessor. Upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the prior Lessor shall be relieved of all liability with respect to the obligations and/or covenants under this
Lease thereafter to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Lessor shall be binding only upon the Lessor as hereinabove defined. 

18. Severability. The invalidity of any provision of this Lease, as determined by a court of competent jurisdiction, shall in no way affect the validity
of any other provision hereof. 
 19. Days. Unless otherwise specifically indicated to the contrary, the word “days” as used
in this Lease shall mean and refer to calendar days. 
 20. Limitation on Liability. The obligations of Lessor under this Lease shall not constitute
personal obligations of Lessor, or its partners, members, directors, officers or shareholders, and Lessee shall look to the Premises, and to no other assets of Lessor, for the satisfaction of any liability of Lessor with respect to this Lease, and
shall not seek recourse against Lessor’s partners, members, directors, officers or shareholders, or any of their personal assets for such satisfaction. 

21. 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
Lease. 
 22. No Prior or Other Agreements; Broker Disclaimer. This Lease contains all agreements between the Parties with respect to any matter
mentioned herein, and no other prior or contemporaneous agreement or understanding shall be effective. Lessor and Lessee each represents and warrants to the Brokers that it has made, and is relying solely upon, its own investigation as to the
nature, quality, character and financial responsibility of the other Party to this Lease and as to the use, nature, quality and character of the Premises. Brokers have no responsibility with respect thereto or with respect to any default or
breach hereof by either Party. 

  

					
	  
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 23. Notices. 

23.1 Notice Requirements. All notices required or permitted by this Lease or applicable law shall be in writing and may be delivered in
person (by hand or by courier) or may be sent by regular, 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 Paragraph 23. The addresses noted adjacent to a Party’s signature on this Lease 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,
except that upon Lessee’s taking possession of the Premises, the Premises shall constitute Lessee’s address for notice. A copy of all notices to Lessor shall be concurrently transmitted to such party or parties at such addresses as Lessor
may from time to time hereafter designate in writing. 
 23.2 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, or if no delivery date is shown, the postmark thereon. If sent by regular mail the notice shall be deemed given 72 hours after the same is addressed as
required herein and mailed with postage prepaid. Notices delivered by United States Express Mail or overnight courier that guarantees next day delivery shall be deemed given 24 hours after delivery of the same to the Postal Service or courier.
Notices transmitted by facsimile transmission or similar means shall be deemed delivered upon telephone confirmation of receipt (confirmation report from fax machine is sufficient), provided a copy is also delivered via delivery or mail. If notice
is received on a Saturday, Sunday or legal holiday, it shall be deemed received on the next business day. 
 24. Waivers. 

(a) No waiver by Lessor of the Default or Breach of any term, covenant or condition hereof by Lessee, shall be deemed a waiver of any other
term, covenant or condition hereof, or of any subsequent Default or Breach by Lessee of the same or of any other term, covenant or condition hereof. Lessor’s consent to, or approval of, any act shall not be deemed to render unnecessary the
obtaining of Lessor’s consent to, or approval of, any subsequent or similar act by Lessee, or be construed as the basis of an estoppel to enforce the provision or provisions of this Lease requiring such consent. 

(b) The acceptance of Rent by Lessor shall not be a waiver of any Default or Breach by Lessee. Any payment by Lessee may be accepted by Lessor
on account of moneys or damages due Lessor, notwithstanding any qualifying statements or conditions made by Lessee in connection therewith, which such statements and/or conditions shall be of no force or effect whatsoever unless specifically agreed
to in writing by Lessor at or before the time of deposit of such payment. 
 (c) THE PARTIES AGREE THAT THE TERMS OF THIS LEASE SHALL GOVERN
WITH REGARD TO ALL MATTERS RELATED THERETO AND HEREBY WAIVE THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE TO THE EXTENT THAT SUCH STATUTE IS INCONSISTENT WITH THIS LEASE. 

25. Disclosures Regarding The Nature of a Real Estate Agency Relationship. 

(a) When entering into a discussion with a real estate agent regarding a real estate transaction, a Lessor or Lessee should from the outset
understand what type of agency relationship or representation it has with the agent or agents in the transaction. Lessor and Lessee acknowledge being advised by the Brokers in this transaction, as follows: 

(i) Lessor’s Agent. A Lessor’s agent under a listing agreement with the Lessor acts as the agent for the Lessor only. A
Lessor’s agent or subagent has the following affirmative obligations: To the Lessor: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Lessor. To the Lessee and the Lessor: (a) Diligent
exercise of reasonable skills and care in performance of the agent’s duties. (b) A duty of honest and fair dealing and good faith. (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of
the property that are not known to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not involve the
affirmative duties set forth above. 
 (ii) Lessee’s Agent. An agent can agree to act as agent for the Lessee only. In these
situations, the agent is not the Lessor’s agent, even if by agreement the agent may receive compensation for services rendered, either in full or in part from the Lessor. An agent acting only for a Lessee has the following affirmative
obligations. To the Lessee: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Lessee. To the Lessee and the Lessor: (a) Diligent exercise of reasonable skills and care in performance of the
agent’s duties. (b) A duty of honest and fair dealing and good faith. (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent
attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not involve the affirmative duties set forth above. 

(iii) Agent Representing Both Lessor and Lessee. A real estate agent, either acting directly or through one or more associate licenses,
can legally be the agent of both the Lessor and the Lessee in a transaction, but only with the knowledge and consent of both the Lessor and the Lessee. In a dual agency situation, the agent has the following affirmative obligations to both the
Lessor and the Lessee: (a) A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings with either Lessor or the Lessee. (b) Other duties to the Lessor and the Lessee as stated above in subparagraphs (i) or (ii).
In representing both Lessor and Lessee, the agent may not without the express permission of the respective Party, disclose to the other Party that the Lessor will accept rent in an amount less than that indicated in the listing or that the Lessee is
willing to pay a higher rent than that offered. The above duties of the agent in a real estate transaction do not relieve a Lessor or Lessee from the responsibility to protect their own interests. Lessor and Lessee should carefully read all
agreements to assure that they adequately express their understanding of the transaction. A real estate agent is a person qualified to advise about real estate. If legal or tax advice is desired, consult a competent professional. 

(b) Brokers have no responsibility with respect to any Default or Breach hereof by either Party. The Parties agree that no lawsuit or other
legal proceeding involving any breach of duty, error or omission relating to this Lease may be brought against Broker more than one year after the Start Date and that the liability (including court costs and attorneys’ fees), of any Broker with
respect to any such lawsuit and/or legal proceeding shall not exceed the fee received by such Broker pursuant to this Lease; provided, however, that the foregoing limitation on each Broker’s liability shall not be applicable to any gross
negligence or willful misconduct of such Broker. 
 (c) Lessor and Lessee agree to identify to Brokers as “Confidential” any
communication or information given Brokers that is considered by such Party to be confidential. 
 26. No Right To Holdover. Lessee has no right to
retain possession of the Premises or any part thereof beyond the expiration or termination of this Lease. In the event that Lessee holds over, then the Base Rent shall be increased to 150120% of the Base Rent applicable immediately
preceding the expiration or termination. Nothing contained herein shall be construed as consent by Lessor to any holding over by Lessee. 
 27. Cumulative
Remedies. No remedy or election hereunder shall be deemed exclusive but shall, wherever possible, be cumulative with all other remedies at law or in equity. 

28. Covenants and Conditions; Construction of Agreement. All provisions of this Lease to be observed or performed by Lessee are both covenants and
conditions. In construing this Lease, all headings and titles are for the convenience of the Parties only and shall not be considered a part of this Lease. Whenever required by the context, the singular shall include the plural and vice versa. This
Lease 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. 

  

					
	  
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	©1999 - AIR COMMERCIAL REAL ESTATE ASSOCIATION	  	FORM MTN-14-2/13E

 29. Binding Effect; Choice of Law. This Lease shall be binding upon the parties, their personal
representatives, successors and assigns and be governed by the laws of the State in which the Premises are located. Any litigation between the Parties hereto concerning this Lease shall be initiated in the county in which the Premises are located.

 30. Subordination; Attornment; Non-Disturbance. 

30.1 Subordination. This Lease and any Option granted hereby shall be subject and subordinate to any ground lease, mortgage, deed of
trust, or other hypothecation or security device (collectively, “Security Device”), now or hereafter placed upon the Premises, 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 (in this Lease together referred to as “Lender”) shall have no liability or obligation to perform any of the obligations of Lessor under this Lease. Any Lender may
elect to have this Lease and/or any Option granted hereby superior to the lien of its Security Device by giving written notice thereof to Lessee, whereupon this Lease and such Options shall be deemed prior to such Security Device, notwithstanding
the relative dates of the documentation or recordation thereof. 
 30.2 Attornment. In the event that Lessor transfers title to the
Premises, or the Premises are acquired by another upon the foreclosure or termination of a Security Devise to which this Lease is subordinated (i) Lessee shall, subject to the non-disturbance provisions
of Paragraph 30.3, attorn to such new owner, and upon request, enter into a new lease, containing all of the terms and provisions of this Lease, with such new owner for the remainder of the term hereof, or, at the election of the new owner, this
Lease will automatically become a new lease between Lessee and such new owner, and (ii) Lessor shall thereafter be relieved of any further obligations hereunder and such new owner shall assume all of Lessor’s obligations, except that such
new owner shall not: (a) be liable for any act or omission of any prior lessor or with respect to events occurring prior to acquisition of ownership; (b) be subject to any offsets or defenses which Lessee might have against any prior
lessor, (c) be bound by prepayment of more than one month’s rent, or (d) be liable for the return of any security deposit paid to any prior lessor which was not paid or credited to such new owner. 

30.3 Non-Disturbance. With respect to Security Devices entered into by Lessor after the
execution of this Lease, Lessee’s subordination of this Lease shall be subject to receiving a commercially reasonable non-disturbance agreement (a
“Non-Disturbance Agreement”) from the Lender which Non-Disturbance Agreement provides that Lessee’s possession of the Premises, and this Lease,
including any options to extend the term hereof, will not be disturbed so long as Lessee is not in Breach hereof and attorns to the record owner of the Premises. Further, within 60 days after the execution of this Lease, Lessor shall, if requested
by Lessee, use its commercially reasonable efforts to obtain a Non-Disturbance Agreement from the holder of any pre-existing Security Device which is secured by the
Premises. In the event that Lessor is unable to provide the Non-Disturbance Agreement within said 60 days, then Lessee may, at Lessee’s option, directly contact Lender and attempt to negotiate for the
execution and delivery of a Non-Disturbance Agreement. 
 30.4 Self-Executing. The agreements
contained in this Paragraph 30 shall be effective without the execution of any further documents; provided, however, that, upon written request from Lessor or a Lender in connection with a sale, financing or refinancing of the Premises, Lessee and
Lessor shall execute such further writings as may be reasonably required to separately document any subordination, attornment and/or Non-Disturbance Agreement provided for herein. 

31. Attorneys’ Fees. If any Party or Broker brings an action or proceeding involving the Premises whether founded in tort, contract or equity, or
to declare rights hereunder, the Prevailing Party (as hereafter defined) in any such proceeding, action, or appeal thereon, shall be entitled to reasonable attorneys’ fees. Such fees may be awarded in the same suit or recovered in a separate
suit, whether or not such action or proceeding is pursued to decision or judgment. The term, “Prevailing Party” shall include, without limitation, a Party or Broker who substantially obtains or defeats the relief sought, as the case
may be, whether by compromise, settlement, judgment, or the abandonment by the other Party or Broker of its claim or defense. The attorneys’ fees award shall not be computed in accordance with any court fee schedule, but shall be such as to
fully reimburse at attorneys’ fees reasonably incurred. In addition, Lessor shall be entitled to attorneys’ fees, costs and expenses incurred in the preparation and service of notices of Default and consultations in connection therewith,
whether or not a legal action is subsequently commenced in connection with such Default or resulting Breach ($200 is a reasonable minimum per occurrence for such services and consultation). 

32. Lessor’s Access; Showing Premises; Repairs. Lessor and Lessor’s agents shall have the right to enter the Premises at any time, in the case
of an emergency, and otherwise at reasonable times after reasonable (and in no event less than 24 hours) prior notice for the purpose of showing the same to prospective purchasers, lenders, or tenants, and making such alterations, repairs,
improvements or additions to the Premises as Lessor may deem necessary or desirable and the erecting, using and maintaining of utilities, services, pipes and conduits through the Premises and/or other premises as long as there is no material adverse
effect on Lessee’s use of the Premises. All such activities shall be without abatement of rent or liability to Lessee. 
 33. Auctions. Lessee
shall not conduct, nor permit to be conducted, any auction upon the Premises without Lessor’s prior written consent. Lessor shall not be obligated to exercise any standard of reasonableness in determining whether to permit an auction. 

34. Signs. Lessor may place on the Premises ordinary “For Sale” signs at any time and ordinary “For Lease” signs during the last 6
months of the term hereof. Except for ordinary “For Sublease” signs which may be placed only on the Premises, Lessee shall not place any sign upon the Project without Lessor’s prior written consent. All signs must comply with
all Applicable Requirements. 
 35. Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender
of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to
continue any one or all existing subtenancies. Lessor’s failure within 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such
event constitute the termination of such interest. 
 36. Consents. Except as otherwise provided herein, wherever in this Lease the consent of a Party
is required to an act by or for the other Party, such consent shall not be unreasonably withheld, conditioned or delayed. Lessor’s actual reasonable costs and expenses (including but not limited to architects’, attorneys’,
engineers’ and other consultants’ fees) incurred in the consideration of, or response to, a request by Lessee for any Lessor consent, including but not limited to consents to an assignment, a subletting or the presence or use of a
Hazardous Substance, shall be paid by Lessee upon receipt of an invoice and supporting documentation therefor. Lessor’s consent to any act, assignment or subletting shall not constitute an acknowledgment that no Default or Breach by Lessee of
this Lease exists, not shall such consent be deemed a waiver of any then existing Default or Breach, except as may be otherwise specifically stated in writing by Lessor at the time of such consent. The failure to specify herein any particular
condition to Lessor’s consent shall not preclude the imposition by Lessor at the time of consent of such further or other conditions as are then reasonable with reference to the particular matter for which consent is being given. In the event
that either Party disagrees with any determination made by the other hereunder and reasonably requests the reasons for such determination, the determining party shall furnish its reasons in writing and in reasonable detail within 10 business days
following such request. 
 37. Guarantor. 

37.1 Execution. The Guarantors, if any, shall each execute a guaranty in the form most recently published by
the AIR Commercial Real Estate Association. 
 37.2 Default. It shall constitute a Default of the
Lessee if any Guarantor fails or refuses, upon request to provide: (a) evidence of the execution of the guaranty, including the authority of the party signing on Guarantor’s behalf to obligate Guarantor,
and in the case of a corporate Guarantor, a certified copy of a resolution of its board of directors authorizing the making of such guaranty, (b) current financial statements,
(c) an Estoppel Certificate, or (d) written confirmation that the guaranty is still in effect. 

  

					
	  
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	©1999 - AIR COMMERCIAL REAL ESTATE ASSOCIATION	  	FORM MTN-14-2/13E

 38. Quiet Possession. Subject to payment by Lessee of the Rent and performance of all of the
covenants, conditions and provisions on Lessee’s part to be observed and performed under this Lease, Lessee shall have quiet possession and quiet enjoyment of the Premises during the term hereof. 

39. Options. If Lessee is granted any option, as defined below, then the following provisions shall apply. 

39.1 Definition. “Option” shall mean: (a) the right to extend or reduce the term of or renew this Lease or to extend or
reduce the term of or renew any lease that Lessee has on other property of Lessor; (b) the right of first refusal or first offer to lease either the Premises or other property of Lessor; (c) the right to purchase, the right of first offer to
purchase or the right of first refusal to purchase the Premises or other property of Lessor. 
 39.2 Options Personal To Original
Lessee. Any Option granted to Lessee in this Lease is personal to the original Lessee, and cannot be assigned or exercised by anyone other than said original Lessee or a Permitted Transfereeand only while the original Lessee is in full
possession of the Premises and, if requested by Lessor, with Lessee certifying that Lessee has no intention of thereafter assigning or subletting. 

39.3 Multiple Options. In the event that Lessee has any multiple Options to extend or renew this Lease, a later Option cannot be
exercised unless the prior Options have been validly exercised. 
 39.4 Effect of Default on Options. 

(a) Lessee shall have no right to exercise an Option: (i) during the period commencing with the giving of any notice of Default and
continuing until said Default is cured, (ii) during the period of time any Rent is unpaid (without regard to whether notice thereof is given Lessee), (iii) during the time Lessee is in Breach of this Lease, or (iv) in the event that Lessee
has been given 3 or more notices of separate Default, whether or not the Defaults are cured, during the 12 month period immediately preceding the exercise of the Option. 

(b) The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Lessee’s inability to
exercise an Option because of the provisions of Paragraph 39.4(a). 
 (c) An Option shall terminate and be of no further force or effect,
notwithstanding Lessee’s due and timely exercise of the Option, if, after such exercise and prior to the commencement of the extended term or completion of the purchase, (i) Lessee fails to pay Rent for a period of 30 days after such Rent
becomes due (without any necessity of Lessor to give notice thereof), or (ii) if Lessee commits a Breach of this Lease. 
 40. Security Measures.
Lessee hereby acknowledges that the Rent payable to Lessor hereunder does not include the cost of guard service or other security measures, and that Lessor shall have no obligation whatsoever to provide same. Lessee assumes all responsibility for
the protection of the Premises, Lessee, its agents and invitees and their property from the acts of third parties. 
 41. Reservations. Lessor
reserves the right: (i) to grant, without the consent or joinder of Lessee, such easements, rights and dedications that Lessor deems necessary, (ii) to cause the recordation of parcel maps and restrictions, and (iii) to create and/or
install new utility raceways, so long as such easements, rights, dedications, maps, restrictions, and utility raceways do not unreasonably interfere with the use of the Premises by Lessee or increase Lessee’s financial burden. Lessee agrees to
sign any documents reasonably requested by Lessor to effectuate such rights. 
 42. Performance Under Protest. If at any time a dispute shall arise as
to any amount or sum of money to be paid by one Party to the other under the provisions hereof, the Party against whom the obligation to pay the money is asserted shall have the right to make payment “under protest” and such payment shall
not be regarded as a voluntary payment and there shall survive the right on the part of said Party to institute suit for recovery of such sum. If it shall be adjudged that there was no legal obligation on the part of said Party to pay such sum or
any part thereof, said Party shall be entitled to recover such sum or so much thereof as it was not legally required to pay. A Party who does not initiate suit for the recovery of sums paid “under protest” within 6 months shall be deemed
to have waived its right to protest such payment. 
 43. Authority; Multiple Parties; Execution. 

(a) If either Party hereto is a corporation, trust, limited liability company, partnership, or similar entity, each individual executing this
Lease on behalf of such entity represents and warrants that he or she is duly authorized to execute and deliver this Lease on its behalf. Each Party shall, within 30 days after request, deliver to the other Party satisfactory evidence of such
authority. 
 (b) If this Lease is executed by more than one person or entity as “Lessee”, each such person or entity shall
be jointly and severally liable hereunder. It is agreed that any one of the named Lessees shall be empowered to execute any amendment to this Lease, or other document ancillary thereto and bind all of the named Lessees, and Lessor may rely on the
same as if all of the named Lessees had executed such document. 
 (c) This Lease may be executed by the Parties in counterparts, each of
which shall be deemed an original and all of which together shall constitute one and the same instrument. 
 44. Conflict. Any conflict between the
printed provisions of this Lease and the typewritten or handwritten provisions shall be controlled by the typewritten or handwritten provisions. 
 45.
Offer. Preparation of this Lease by either party or their agent and submission of same to the other Party shall not be deemed an offer to lease to the other Party. This Lease is not intended to be binding until executed and delivered by all
Parties hereto. 
 46. Amendments. This Lease may be modified only in writing, signed by the Parties in interest at the time of the modification. As
long as they do not materially change Lessee’s obligations hereunder, Lessee agrees to make such reasonable non-monetary modifications to this Lease as may be reasonably required by a Lender in connection
with the obtaining of normal financing or refinancing of the Premises. 
 47. Waiver of Jury Trial. THE PARTIES HEREBY WAIVE THEIR RESPECTIVE RIGHTS
TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING INVOLVING THE PROPERTY OR ARISING OUT OF THIS AGREEMENT. 
 48. Arbitration of Disputes. An Addendum
requiring the Arbitration of all disputes between the Parties and/or Brokers arising out of this Lease is is not attached to this Lease. 
 49.
Accessibility; Americans with Disabilities Act. 
 (a) The Premises: have not undergone an inspection by a Certified Access Specialist
(CASp). have undergone an inspection by a Certified Access Specialist (CASp) and it was determined that the Premises met all applicable construction-related accessibility standards pursuant to California Civil Code §55.51 et seq. have
undergone an inspection by a Certified Access Specialist (CASp) and it was determined that the Premises did not meet all applicable construction-related accessibility standards pursuant to California Civil Code §55.51 et seq. 

(b) Since compliance with the Americans with Disabilities Act (ADA) is dependent upon Lessee’s specific use of the Premises,
Lessor makes no warranty or representation as to whether or not the Premises comply with ADA or any similar legislation. In the event that Lessee’s use of the Premises requires modifications or additions to the Premises in order to be in ADA
compliance, Lessee agrees to make any such necessary modifications and/or additions at Lessee’s expense. 
 LESSOR AND LESSEE HAVE CAREFULLY
READ AND REVIEWED THIS LEASE AND EACH TERM AND PROVISION CONTAINED HEREIN, AND BY THE EXECUTION OF THIS LEASE SHOW THEIR INFORMED AND VOLUNTARY CONSENT THERETO. THE PARTIES HEREBY AGREE THAT, AT THE TIME THIS LEASE IS EXECUTED, THE TERMS OF THIS
LEASE ARE COMMERCIALLY REASONABLE AND EFFECTUATE THE INTENT AND PURPOSE OF LESSOR AND LESSEE WITH RESPECT TO THE PREMISES. 
 ATTENTION: NO
REPRESENTATION OR RECOMMENDATION IS MADE BY THE AIR COMMERCIAL REAL ESTATE ASSOCIATION OR BY ANY BROKER AS TO THE LEGAL SUFFICIENCY, LEGAL EFFECT, OR TAX CONSEQUENCES OF THIS LEASE OR THE TRANSACTION TO WHICH IT RELATES. THE PARTIES ARE URGED TO:

 1. SEEK ADVICE OF COUNSEL AS TO THE LEGAL AND TAX CONSEQUENCES OF THIS LEASE. 

  

					
	  
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	©1999 - AIR COMMERCIAL REAL ESTATE ASSOCIATION	  	FORM MTN-14-2/13E

 2. RETAIN APPROPRIATE CONSULTANTS TO REVIEW AND INVESTIGATE THE CONDITION OF THE PREMISES. SAID
INVESTIGATION SHOULD INCLUDE BUT NOT BE LIMITED TO: THE POSSIBLE PRESENCE OF HAZARDOUS SUBSTANCES, THE ZONING OF THE PREMISES, THE STRUCTURAL INTEGRITY, THE CONDITION OF THE ROOF AND OPERATING SYSTEMS, COMPLIANCE WITH THE AMERICANS WITH DISABILITIES
ACT AND THE SUITABILITY OF THE PREMISES FOR LESSEE’S INTENDED USE. 
 WARNING: IF THE PREMISES ARE LOCATED IN A STATE OTHER THAN CALIFORNIA,
CERTAIN PROVISIONS OF THE LEASE MAY NEED TO BE REVISED TO COMPLY WITH THE LAWS OF THE STATE IN WHICH THE PREMISES ARE LOCATED. 

  

					
	  
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	©1999 - AIR COMMERCIAL REAL ESTATE ASSOCIATION	  	FORM MTN-14-2/13E

 The parties hereto have executed this Lease at the place and on the dates specified above
their respective signatures. 
  

									
	Executed at:
                                         
                                 	  		  	Executed at:
                                         
                                 
	On:
                                         
                                         
      	  		  	On:
                                         
                                         
      
			
	By LESSOR:	  		  	By LESSEE:
	Carp Two, LLC, a California limited liability company	  		  	Procore Technologies, Inc., a California corporation
					
	By:	 	/s/ Paul J.
Orfalea                                        
                	  		  	By:	  	                                      
                                         
     
	Name Printed: Paul J. Orfalea	  	                	  	Name Printed: Steve Zahm
	Title: Manager	  		  	Title: President
					
	By:	 	                                      
                                         
     	  		  	By:	  	/s/ Craig
Courtemanche                                       
       
	Name Printed:
                                         
                             	  		  	Name Printed: Craig Courtemanche
	Title:
                                         
                                         
  	  		  	Title: CEO
	Address: 2151 Alessandro Dr. #145	  		  	Address:
                                         
                                      
	               Ventura, CA 93001	  	                                    
                                         
                 
		  	                                    
                                         
                 
			
	Telephone: (805) 648-6448	  		  	Telephone: (805) 290-4184
	Facsimile: (    )
                                         
                           	  		  	Facsimile: (    )
                                         
                            
	Email:
                                         
                                         
	  		  	Email:
                                         
                                         

	Email:
                                         
                                         
	  		  	Email: [***]@procore.com
	Federal ID No. 77-0525079	  		  	Federal ID No. 73-1636261
			
	BROKER:	  		  	BROKER:
	Hayes Commercial Group	  		  	Hayes Commercial Group
			
	Attn: Francois DeJohn	  		  	Attn: Liam Murphy
	Title: Partner	  		  	Title: Associate
	Address: 222 E. Carrillo Street, Suite 101	  		  	Address: 222 E. Carrillo Street, Suite 101
	Santa Barbara, CA 93101	  		  	
	Telephone: (805) 898-4365	  		  	Telephone: (805) 898-4385
	Facsimile: (805) 898-4360	  		  	Facsimile: (805) 898-4360
	Email: fran@hayescommercial.com	  		  	Email: liam@hayescommercial.com
	Federal ID No.
                                         
                             	  		  	Federal ID No.
                                         
                           
	Broker/Agent DRE License #: 01157821 / 01144570	  		  	Broker/Agent DRE License #: 01439777

 NOTICE: These forms are often modified to meet changing requirements of law and industry needs. Always write
or call to make sure you are utilizing the most current form: AIR Commercial Real Estate Association, 500 N Brand Blvd, Suite 900, Glendale, CA 91203. 

Telephone No. (213) 687-8777. Fax No.: (213) 687-8616.

 ©Copyright 1999 By AIR Commercial Real Estate Association. 

All rights reserved. No part of these works may be reproduced in any form without permission in writing. 

  

					
	  
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	©1999 - AIR COMMERCIAL REAL ESTATE ASSOCIATION	  	FORM MTN-14-2/13E

 

 
 RENT ADJUSTMENT(S) 

STANDARD LEASE ADDENDUM 
  

			
	Dated	  	August 13, 2013
	By and Between (Lessor)	  	Carp Two, LLC, a California limited liability company
	(Lessee)	  	Procore Technologies, Inc., a California Corporation
	Address of Premises:	  	6309 Carpinteria Avenue
	 	  	Carpinteria, CA 93013

 Paragraph 50 
 A. RENT
ADJUSTMENTS: 
 The monthly rent for each month of the adjustment period(s) specified below shall be increased using the method(s)
indicated below: 
 (Check Method(s) to be Used and Fill in Appropriately) 

I. Cost of Living Adjustment(s) (COLA) 

a. On (Fill in COLA Dates): August 1, 2015 and annually thereafter the Base Rent shall be adjusted by the change, if any, from the Base
Month specified below, in the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of Labor for (select one): CPI W (Urban Wage Earners and Clerical Workers) or CPI U (All Urban Consumers), for (Fill in Urban Area): Los
Angeles – Riverside – Orange County. All Items (1982-1984 = 100), herein referred to as “CPI”. 
 b. The monthly rent
payable in accordance with paragraph A.l.a. of this Addendum shall be calculated as follows: the Base Rent set forth in paragraph 1.5 of the attached Lease, shall be multiplied by a fraction the numerator of which shall be the CPI of the
calendar month 2 months prior to the month(s) specified in paragraph A.I.a. above during which the adjustment is to take effect, and the denominator of which shall be the CPI of the calendar month which is 2 months prior to (select one): the
first month of the term of this Lease as set forth in paragraph 1.3 (“Base Month”) or (Fill in Other “Base Month”): August 1, 2014. The sum so calculated shall constitute the new monthly rent hereunder, but in no event,
shall any such new monthly rent be less than the rent payable for the month immediately preceding the rent adjustment. See Addendum. 
 c. In
the event the compilation and/or publication of the CPI shall be transferred to any other governmental department or bureau or agency or shall be discontinued, then the index most nearly the same as the CPI shall be used to make such calculation. In
the event that the Parties cannot agree on such alternative index, then the matter shall be submitted for decision to the American Arbitration Association in accordance with the then rules of said Association and the decision of the arbitrators
shall be binding upon the parties. The cost of said Arbitration shall be paid equally by the Parties. 
 II. Market Rental Value
Adjustment(s) (MRV) 
 a. On (Fill in MRV Adjustment
Date(s):                                       
                                         
                                         
            the Base Rent shall be adjusted to the “Market Rental Value” of the property as follows: 

1) Four months prior to each Market Rental Value Adjustment Date described above, the Parties shall attempt to agree upon what the new MRV will
be on the adjustment date. If agreement cannot be reached within thirty days, then: 
 (a) Lessor and Lessee shall immediately appoint a
mutually acceptable appraiser or broker to establish the new MRV within the next 30 days. Any associated costs will be split equally between the Parties, or 

(b) Both Lessor and Lessee shall each immediately make a reasonable determination of the MRV and submit such determination, in writing, to
arbitration in accordance with the following provisions: 
 (i) Within 15 days thereafter, Lessor and Lessee shall each select an appraiser
or broker (“Consultant” - check one) of their choice to act as an arbitrator. The two arbitrators so appointed shall immediately select a third mutually acceptable Consultant to act as a third arbitrator. 

(ii) The 3 arbitrators shall within 30 days of the appointment of the third arbitrator reach a decision as to what the actual MRV for the
Premises is, and whether Lessor’s or Lessee’s submitted MRV is the closest thereto. The decision of a majority of the arbitrators shall be binding on the Parties. The submitted MRV which is determined to be the closest to the actual MRV
shall thereafter be used by the Parties. 

  

					
	  
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 (iii) If either of the Parties fails to appoint an arbitrator within the specified 15 days,
the arbitrator timely appointed by one of them shall reach a decision on his or her own, and said decision shall be binding on the Parties. 

(iv) The entire cost of such arbitration shall be paid by the party whose submitted MRV is not selected, i.e., the one that is NOT the closest
to the actual MRV. 
 2) Notwithstanding the foregoing, the new MRV shall not be less than the rent payable for the month immediately
preceding the rent adjustment. 
 b. Upon the establishment of each New Market Rental Value: 

1) the new MRV will become the new “Base Rent” for the purpose of calculating any further Adjustments, and 

2) the first month of each Market Rental Value term shall become the new “Base Month” for the purpose of calculating any further
Adjustments. 
 III. Fixed Rental Adjustment(s) (FRA) 

The Base Rent shall be increased to the following amounts on the dates set forth below: 

 

			
	On (Fill in FRA Adjustment Date(s)):	  	The New Base Rent shall be:
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         

 B. NOTICE: 

Unless specified otherwise herein, notice of any such adjustments, other than Fixed Rental Adjustments, shall be made as specified in paragraph
23 of the Lease. 
 C. BROKER’S FEE: 

The Brokers shall be paid a Brokerage Fee for each adjustment specified above in accordance with paragraph 15 of the Lease or if
applicable, paragraph 9 of the Sublease. 
 NOTICE: These forms are often modified to meet changing requirements of law and
industry needs. Always write or call to make sure you are utilizing the most current form: AIR Commercial Real Estate Association, 500 N Brand Blvd, Suite 900, Glendale, CA 91203 

Telephone No. (213) 687-8777. Fax No.: (213) 687-8616.

  

					
	  
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	©2000 - AIR COMMERCIAL REAL ESTATE ASSOCIATION	  	FORM RA-3-8/00E

 

 
 OPTION(S) TO EXTEND 

STANDARD LEASE ADDENDUM 
  

			
	Dated	  	August 13, 2013
	By and Between (Lessor)	  	Carp Two, LLC, a California limited liability company
	(Lessee)	  	Procore Technologies, Inc., a California Corporation
	Address of Premises:	  	6309 Carpinteria Avenue
	 	  	Carpinteria, CA 93013

 Paragraph 51 
 A. OPTION(S) TO
EXTEND: 
 Lessor hereby grants to Lessee the option to extend the term of this Lease for two (2) additional sixty (60) month period(s) commencing when
the prior term expires upon each and all of the following terms and conditions: 
 (i) In order to exercise an option to extend, Lessee must
give written notice of such election to Lessor and Lessor must receive the same at least 6 but not more than 9 months prior to the date that the option period would commence, time being of the essence. If proper notification of the exercise of an
option is not given and/or received, such option shall automatically expire. Options (if there are more than one) may only be exercised consecutively. 

(ii) The provisions of paragraph 39, including those relating to Lessee’s Default set forth in paragraph 39.4 of this Lease, are
conditions of this Option. 
 (iii) Except for the provisions of this Lease granting an option or options to extend the term, all of the
terms and conditions of this Lease except where specifically modified by this option shall apply. 
 (iv) This Option is personal to the
original Lessee, and cannot be assigned or exercised by anyone other than said original Lessee and only while the original Lessee is in full possession of the Premises and without the intention of thereafter assigning or subletting. 

(v) The monthly rent for each month of the option period shall be calculated as follows, using the method(s) indicated below: 

(Check Method(s) to be Used and Fill in Appropriately) 

I. Cost of Living Adjustment(s) (COLA) 

a. On (Fill in COLA Dates): August 1, 2019 and annually thereafter the Base Rent shall be adjusted by the change, if any, from the Base
Month specified below, in the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of Labor for (select one): CPI W (Urban Wage Earners and Clerical Workers) or CPI U (All Urban Consumers), for (Fill in Urban Area): Los
Angeles – Riverside – Orange County All items (1982-1984 = 100), herein referred to as “CPI”. See Addendum. 
 b. The
monthly rent payable in accordance with paragraph A.I.a. of this Addendum shall be calculated as follows: the Base Rent set forth in paragraph 1.5 of the attached Lease, shall be multiplied by a fraction the numerator of which shall be the CPI of
the calendar month 2 months prior to the month(s) specified in paragraph A.I.a. above during which the adjustment is to take effect, and the denominator of which shall be the CPI of the calendar month which is 2 months prior to (select one): the
first month of the term of this Lease as set forth in paragraph 1.3 (“Base Month”) or (Fill in Other “Base Month”): August 1, 2014 

The sum so calculated shall constitute the new monthly rent hereunder, but in no event, shall any such new monthly rent be less than the rent payable for the
month immediately preceding the rent adjustment. 
 c. In the event the compilation and/or publication of the CPI shall be transferred to any
other governmental department or bureau or agency or shall be discontinued, then the index most nearly the same as the CPI shall be used to make such calculation. In the event that the Parties cannot agree on such alternative index, then the matter
shall be submitted for decision to the American Arbitration Association in accordance with the then rules of said Association and the decision of the arbitrators shall be binding upon the parties. The cost of said Arbitration shall be paid equally
by the Parties. 
 II. Market Rental Value Adjustment(s) (MRV) 

a. On (Fill in MRV Adjustment
Date(s)):                                       
                                         
                                         
            the Base Rent shall be adjusted to the “Market Rental Value” of the property as follows: 

1) Four months prior to each Market Rental Value Adjustment Date described above, the Parties shall attempt to agree upon what the new MRV will
be on the adjustment date. lf agreement cannot be reached, within thirty days, then: 
 (a) Lessor and Lessee shall immediately appoint a
mutually acceptable appraiser or broker to establish the new MRV within the next 30 days. Any associated costs will be split equally between the Parties, or 

(b) Both Lessor and Lessee shall each immediately make a reasonable determination of the MRV and submit such determination, in writing; to
arbitration in accordance with the following provisions: 

  

					
	  
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	©2000 - AIR COMMERCIAL REAL ESTATE ASSOCIATION	  	FORM OE-3-8/00E

 (i) Within 15 days thereafter, Lessor and Lessee shall each select an appraiser or broker
(“Consultant” check one) of their choice to act as an arbitrator. The two arbitrators so appointed shall immediately select a third mutually acceptable Consultant to act as a third arbitrator. 

(ii) The 3 arbitrators shall within 30 days of the appointment of the third arbitrator reach a decision as to what the actual MRV for the
Premises is, and whether Lessor’s or Lessee’s submitted MRV is the closest thereto. The decision of a majority of the arbitrators shall be binding on the Parties. The submitted MRV which is determined to be the closest to the actual MRV
shall thereafter be used by the Parties. 
 (iii) If either of the Parties fails to appoint an arbitrator within the specified 15 days, the
arbitrator timely appointed by one of them shall reach a decision on his or her own, and said decision shall be binding on the Parties. 

(iv) The entire cost of such arbitration shall be paid by the party whose submitted MRV is not selected, ie. the one that is NOT the closest
to the actual MRV. 
 2) Notwithstanding the foregoing, the new MRV shall not be less than the rent payable for the month immediately
preceding the rent adjustment. 
 b. Upon the establishment of each New Market Rental Value: 

1) the new MRV will become the new “Base Rent” for the purpose of calculating any further Adjustments; and 

2) the first month of each Market Rental Value term shall become the new “Base Month” for the purpose of calculating any further
Adjustments. 
 III. Fixed Rental Adjustments) (FRA) 

The Base Rent shall be increased to the following amounts on the dates set forth below: 

 

			
	On (Fill in FRA Adjustment Date(s)):	  	The New Base Rent shall be:
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         
	                                   
                         	  	                                   
                         

 B. NOTICE: 

Unless specified otherwise herein, notice of any such adjustments, other than Fixed Rental Adjustments, shall be made as specified in paragraph
23 of the Lease. 
 C. BROKER’S FEE: 

The Brokers shall be paid a Brokerage Fee for each adjustment specified above in accordance with paragraph 15 of the Lease or if
applicable, paragraph 9 of the Sublease. 
 NOTICE: These forms are often modified to meet changing requirements of law and
industry needs. Always write or call to make sure you are utilizing the most current form: AIR Commercial Real Estate Association, 500 N Brand Blvd, Suite 900, Glendale, CA 91203 

Telephone No. (213) 687-8777. Fax No.: (213) 687-8616.

  

					
	  
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	©2000 - AIR COMMERCIAL REAL ESTATE ASSOCIATION	  	FORM OE-3-8/00E

 ADDENDUM TO AIR COMMERCIAL REAL ESTATE ASSOCIATION 

STANDARD INDUSTRIAL COMMERCIAL MULTI-TENANT LEASE-NET 

This Addendum is incorporated into and made a part of that certain AIR Commercial Real Estate Association Standard Industrial/Commercial
Multi-Tenant Lease-Net dated August 13, 2013 (the “Lease”) between Carp Two, LLC, a California limited liability company, as Lessor, and Procore Technologies, Inc., a California corporation, as
Lessee. 
 This Addendum shall serve to supersede, amend, add and replace certain terms and conditions of the Lease as provided herein.
Capitalized terms shall have the meaning ascribed to them in the Lease, unless otherwise defined in this Addendum. In the event there is a conflict between the terms and conditions of this Addendum and the Lease, the terms and conditions of this
Addendum shall prevail. 
 52. Project: Building; Premises; Adjoining Property; CC&R’s. Lessee acknowledges that the Premises
solely encompass one (1) free standing building (the “6309 Building”) approximately 12,769 leasable square feet in size, and that there sits upon the Project an additional free-standing building (the “6305 Building”)
approximately 20,000 leaseable square feet in size, and commonly known as 6305 Carpinteria Avenue, Carpinteria, CA. 
 The 6305 Building and
the 6309 Building share common landscaping, driveways and parking areas and are subject to certain restrictions and covenants with the adjacent property commonly known as 6303 and 6307 Carpinteria Avenue, Carpinteria, CA (the “Adjacent
Property”). Such rights and obligations are contained in that certain document entitled “Declaration of Covenants, Conditions and Restrictions” dated November 18, 1997 and recorded on January 30, 1998 as Document No. 98-006047 in the Official Records, Santa Barbara County (the “CC&R’s”). The CC&R’s provide that all tenants of the Project and the Adjacent Property (the
“Carpinteria Corporate Center”) are entitled to the non-exclusive use of all parking areas (see paragraph 5, below), access drives, greenspaces, and picnic areas located in and on the Project
and the Adjacent Property. Lessor reserves the right to impose reasonable rules and regulations to maintain compliance with the obligations imposed upon Lessor by the CC&R’s. 

53. Base Rent; Adjustments. Section 1.5 of the Lease is supplemented with the following schedule for Base Rent for the period from
the Commencement Date to July 31, 2014: 
 Commencing on the Commencement Date, through 12/31/13, Base Rent shall be $5,000.00 per month gross. The
term “gross” for purposes of this paragraph, means that Lessee’s Share of Common Area Operating Expenses and Utilities ( excluding telephone, internet, cable and janitorial) and any other NNN costs (including Lessee’s share of
Property Insurance and Property Taxes) are included within the specified Base Rent. 

  
 1 

			
	 01/01/14
	  	$7,000.00 per month gross
	 02/01/14
	  	$9,000.00 per month gross
	 03/01/14
	  	$11,000.00 per month gross
	 04/01/14
	  	$13,000.00 per month gross
	 05/01/14
	  	$15,000.00 per month gross
	 06/01/14
	  	$17,000.00 per month gross
	 07/01/14
	  	$19,000.00 per month gross
	 08/01/14
	  	$20,430.40 per month ($1.60) plus Lessee’s Share of Common Area Expenses and Utilities.

 Base Rent is to be adjusted commencing 08/1/15, and each subsequent August 1 during the Term and the 1st
Option to Extend, in accordance with paragraph 51. Such adjustments shall not be less than two percent (2%), nor more than five percent (5%), annually, over the prior Lease Year, through July 31, 2024. 

Base Rent adjustments during the Term as extended by the 2nd Option to Extend (from and after August 1, 2024), shall not be less than two
percent (2%), nor more than six percent (6%), annually, over the prior Lease Year, through July 31, 2029. 
 54. Common Area
Expenses. Common Area Expenses identified in Section 4.2 of the Lease are not an all inclusive list of Common Area Expenses to be reimbursed by Lessor pertaining to the ownership, operation, management, maintenance, repair and replacement
of the Premises, Building and the Project. The Common Area Expenses payable by Lessee shall include 100% of all reasonable and necessary expenses attributable to the 6309 Building; Lessee’s Share of all reasonable and necessary Common Area
Expenses attributable to the Project; and Lessee’s Share of Lessor’s share of expenses payable under the CC&R’s. Management fees shall be reasonable and competitive to the local market for similar properties. 

55. Parking. Section 2.6 of the Lease is supplemented as follows: “Lessee acknowledges that the Project and the Adjacent
Property, which together comprise the Carpinteria Corporate Center, have approximately 320 total parking spaces available to serve the tenants thereof, or approximately 2.65 parking spaces for every 1,000 leasable square feet of floor space. Lessee
shall have the exclusive use of nineteen (19) covered parking spaces located directly beneath the Premises, and the non-exclusive right to use an additional fifteen (15) uncovered and unmarked
parking spaces located on or around the Building. Lessor reserves the right to impose reasonable rules and regulations to ensure and 

  
 2 

 
enforce parking for all tenants of the Carpinteria Corporate Center, so long as such rules and regulations (and any amendments and modifications thereto) (a) are reasonable and uniformly
applied and enforced, and (b) do not materially and adversely affect Lessee’s use of the Premises or Lessee’s rights or obligations under this Lease.” 

56. Signage. Lessee shall have the right to install its proportionate share of signage on the monument sign at the East entrance to the
Project, its proportionate share of signage on the monument sign in front of the 6309 Building, on the Building and on the entry doors to the Building. Final signage shall be similar in scope to the attached Exhibit F and subject to Lessor’s
prior written approval, which shall not be unreasonably withheld, conditioned, or delayed, and further subject to any necessary approvals from the City of Carpinteria. 

57. Lessor’s Work: Dates. Copies of the new floor plans for the Premises, which have been approved by Lessor and Lessee, are
attached to the Lease as Exhibit D-1 and D-2 (the “Plans”). Lessor shall, at its sole cost and expense, cause Lessor’s Work (defined
below) to be completed as soon as possible. Lessor shall cause Lessor’s Work to be completed by one or more licensed contractors in a workmanlike, prompt and expeditious manner with new materials, and in compliance with all Applicable
Requirements. The estimated completion date will be between December l and December 31, 2013. 
 “Lessor’s Work”
means the work denoted on the Plans, including the notes, schedules and specifications contained therein. 
  

	 	a)	 All paint, carpet, and Cats wiring, per mutually acceptable specifications. 

 

	 	b)	 Trellis and monument sign repair. 

 

	 	c)	 Lessor has agreed to the scope of work identified in the Work Drawings, and based upon a budget not to exceed
$285,717 (the “Budget”). To the extent that Lessee shall initiate changes or change orders to the Plans scope of Lessor’s Work and such changes result in additional costs, Lessee shall be responsible for such additional costs;
provided that Lessor shall first advise Lessee of such costs and the parties shall memorialize the additional costs in writing. 

58. Lessor Environmental Disclosure-Adjacent Property. Lessee is herein advised that to the best of Lessor’s knowledge, in or
around 1977, Santa Barbara Optics (Infrared Industries), did install two underground concrete tanks for the storage of waste oils and halogenated and non-halogenated waste solvents on the Adjacent Property.
During removal of the tanks, Infrared discovered oil and solvent contamination of soils on the project. Four monitoring wells were installed and monitored semi-annually from 1988 through 1989. In 1989, approximately 4,000 cubic yards of soil was
removed and the site, parking and landscaping were converted to drought tolerant plantings with minimal drip irrigation to minimize infiltration and prevent mobilization of seepage at the nearby cliffs. 

  
 3 

 To the best of Lessor’s knowledge, and despite the remaining wastes, the Adjacent Property currently
meets all relevant public health and safety standards. The ongoing cleanup is being monitored under the authority of the California Regional Water Quality Control Board. 

59. Lessee’s Provisions. 

59.1 Dogs. Lessee’s employees and consultants shall have the privilege to bring dogs into the Premises and on or around the
Building provided that: (i) all such dogs shall be under their owners’ control at all times; (ii) Lessor may establish reasonable rules and regulations to insure that any such dogs shall not create a nuisance to all other tenants of
the Project; (iii) Lessor shall have the ability to revoke or suspend this privilege; and (iv) Lessor shall indemnify Lessor from, and pay, any claims, damages or losses that Lessor may sustain from any person whatsoever relating to any
such dogs. 
 59.2 Car Washing. Lessee’s employees and consultants may have their cars professionally washed while parked in the
Project, provided such car washing is performed by insured providers and further provided that Lessor may establish reasonable rules and regulations relating thereto. 

59.3 Use of Grass Areas. Lessee may use the grass areas between 6305 and 6309 Carpinteria Avenue for company gatherings and events
related to Lessee’s business, subject to Lessor’s prior approval, which shall not be unreasonably withheld. Gatherings and events may include, but not limited to, company celebrations, training or lunches, and client appreciation events,
provided that no such events shall disturb the other tenants of the Project and further provided that all costs associated with such gatherings or events, including clean up and any requisite repairs to the Common Area and landscaping, shall be
borne by Lessee. 
 60. Representations and Warranties. Lessor and Lessee represent and warrant to each other, as follows: 

60.1 Lessor is the sole owner of the Project. 

60.2 Lessor and Lessee each have the full power and authority to enter into the Lease and perform its obligations under the Lease. 

60.3 The Lease is a legal, valid, and binding obligation of Lessor and Lessee, and is enforceable in accordance with its terms. 

60.4 No other person owns or has any leasehold interest in the Premises or any portion thereof or any other right to occupy the Premises or any
portion thereof. 

  
 4 

 60.5 With the exception of the previously referenced Covenants, Conditions and Restrictions
(see Paragraph 52), there are no reciprocal easement agreements or covenants, conditions, restrictions, easements or similar rights affecting the property, including any amendments thereto which could (i) interfere with or otherwise adversely
affect Lessee’s access to, or occupancy or use of, the Premises and the Building, or (ii) increase Lessee’s financial obligations under the Lease. 

60.6 Lessor has not received written notice of any, and to Lessor’s best knowledge as of the date of this Lease there are no, pending or
threatened legal proceedings or actions of any kind or character affecting the use and occupancy of the Premises by Lessee for the Agreed Use in accordance with the terms of this Lease. 

 

									
	 Carp Two, LLC,
 a California limited
liability company
	 		 	 Procore Technologies, Inc.,
 a
California corporation

					
	By:	 	 /s/ Paul J. Orfalea
	 		 	By:	 	 /s/ Craig Courtemonche

					
	Its:	 	Paul J. Orfalea	 		 	Its:	 	CEO

  
 5 

 Exhibit A-1 

 
 

 

 Exhibit A-2 

 
 

 

 Exhibit B 
  

 

 

 
 RULES AND REGULATIONS FOR 

STANDARD OFFICE LEASE 

Exhibit C 
  

	
	Dated: August 13, 2013

  

	
	By and Between Carp Two, LLC and Procore Technologies, Inc.

 GENERAL RULES 

1. Lessee shall not suffer or permit the obstruction of any Common Areas, including driveways, walkways and stairways. 

2. Lessor reserves the right to refuse access to any persons Lessor in good faith judges to be a threat to the safety and reputation of the
Project and its occupants. 
 3. Lessee shall not make or permit any noise or odors that annoy or interfere with other lessees or persons
having business within the Project. 
 4. Lessee shall not keep animals or birds within the Project, and shall not bring bicycles,
motorcycles or other vehicles into areas not designated as authorized for same. See addendum. 
 5. Lessee shall not make, suffer or permit
litter except in appropriate receptacles for that purpose. 
 6. Lessee shall not alter any lock or install new or additional locks or bolts.

 7. Lessee shall be responsible for the inappropriate use of any toilet rooms, plumbing or other utilities. No foreign substances of any
kind are to be inserted therein. 
 8. Lessee shall not deface the walls, partitions or other surfaces of the Premises or Project. 

9. Lessee shall not suffer or permit anything in or around the Premises or Building that causes excessive vibration or floor loading in any
part of the Project. 
 10. Furniture, significant freight and equipment shall be moved into or out of the building only with the
Lessor’s knowledge and consent, and subject to such reasonable limitations, techniques and timing, as may be designated by Lessor. Lessee shall be responsible for any damage to the Office Building Project arising from any such activity. 

11. Lessee shall not employ any service or contractor for services or work to be performed in the Building, except as approved by Lessor. 

12. Lessor reserves the right to close and lock the Building on Saturdays, Sundays and Building Holidays, and on other days between
thehours of 7:00 P.M. and 7:00 A.M. of the following day. If Lessee uses the Premises during such periods, Lessee shall be responsible for securely locking any doors it may have opened for entry. 

13. Lessee shall return all keys at the termination of its tenancy and shall be responsible for the cost of replacing any keys that are lost.

 14. No window coverings, shades or awnings shall be installed or used by Lessee. 

15. No Lessee, employee or invitee shall go upon the roof of the Building. 

16. Lessee shall not suffer or permit smoking or carrying of lighted cigars or cigarettes in areas reasonably designated by Lessor or by
applicable governmental agencies as non-smoking areas. 
 17. Lessee shall not use any method of
heating or air conditioning other than as provided by Lessor. 
 18. Lessee shall not install, maintain or operate any vending machines upon
the Premises without Lessor’s written consent. 
 19. The Premises shall not be used for lodging or manufacturing, commercial cooking or
food preparation. 
 20. Lessee shall comply with all safety, fire protection and evacuation regulations established by Lessor or any
applicable governmental agency. 
 21. Lessor reserves the right to waive any one of these rules or regulations, and/or as to any particular
Lessee, and any such waiver shall not constitute a waiver of any other rule or regulation or any subsequent application thereof to such Lessee. 

22. Lessee assumes all risks from theft or vandalism and agrees to keep its Premises locked as may be required. 

23. Lessor reserves the right to make such other reasonable rules and regulations as it may from time to time deem necessary for the
appropriate operation and safety of the Project and its occupants. Lessee agrees to abide by these and such rules and regulations. 

PARKING RULES 
 1. Parking
areas shall be used only for parking by vehicles no longer than full size, passenger automobiles herein called “Permitted Size Vehicles.” Vehicles other than Permitted Size Vehicles are herein referred to as “Oversized Vehicles.”

 2. Lessee shall not permit or allow any vehicles that belong to or are controlled by Lessee or Lessee’s employees, suppliers,
shippers, customers, or invitees to be loaded, unloaded, or parked in areas other than those designated by Lessor for such activities. 
 3.
Parking stickers or identification devices shall be the property of Lessor and be returned to Lessor by the holder thereof upon termination of the holder’s parking privileges. Lessee will pay such replacement charge as is reasonably
established by Lessor for the loss of such devices. 
 4. Lessor reserves the right to refuse the sale of monthly
identification devices to any person or entity that willfully refuses to comply with the applicable rules, regulations, laws and/or agreements. 

5. Lessor reserves the right to relocate all or a part of parking spaces from floor to floor, within one floor, and/or to reasonably
adjacent offsite location(s), and to reasonably allocate them between compact and standard size spaces, as long as the same complies with applicable laws, ordinances and regulations. 

6. Users of the parking area will obey all posted signs and park only in the areas designated for vehicle parking. 

7. Unless otherwise instructed, every person using the parking area is required to park and lock his own vehicle. Lessor will not be
responsible for any damage to vehicles, injury to persons or loss of property, all of which risks are assumed by the party using the parking area. 

8. Validation, if established, will be permissible only by such method or methods as Lessor and/or its licensee may establish at rates
generally applicable to visitor parking. 
 9. The maintenance, washing, waxing or cleaning of vehicles in the parking structure or
Common Areas is prohibited. 
 10. Lessee shall be responsible for seeing that all of its employees, agents and invitees comply with the
applicable parking rules, regulations, laws and agreements. 
 11. Lessor reserves the right to modify these rules and/or adopt such other
reasonable and non-discriminatory rules and regulations as it may deem necessary for the proper operation of the parking area. 

12. Such parking use as is herein provided is intended merely as a license only and no bailment is intended or shall be created hereby. 

NOTICE: These forms are often modified to meet changing requirements of law and industry needs. Always write or call to make sure you are
utilizing the most current form: AIR Commercial Real Estate Association, 500 N Brand Blvd, Suite 900, Glendale, CA 91203. 
 Telephone
No. (213) 687-8777. Fax No.: (213) 687-8616. 

  

					
	  
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	©1999 - AIR COMMERCIAL REAL ESTATE ASSOCIATION	  	FORM OFG-1-9/99E

 Exhibit D-1 

 
 

 

 Exhibit D-2 

 
 

 

 Exhibit E 

Carp Two, LLC 
 CAM
Expenses – 6305 & 6309 Carpinteria Avenue 
 2012 

 

									
	 	  	SF	 	  	%	 
	 6305
	  	 	20,000	 	  	 	61.03	% 
	 6309
	  	 	12,769	 	  	 	38.97	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	 	32,769	 	  	 	100.00	% 
		  	  
	  
	 	  	  
	  
	 

  

																	
	 	  	Shared	 	  	Building Allocations	 	  	 	 
	 	  	Amount	 	  	6305	 	  	6309	 	  	Totals	 
	 General Expenses:
	  				  				  				  			
	 Green Waste Dump Fee
	  	$	 624.00	 	  	$	 380.85	 	  	$	 243.15	 	  	$	 624.00	 
	 Landscape Maintenance
	  	 	8,458.80	 	  	 	5,162.68	 	  	 	3,296.12	 	  	 	8,458.80	 
	 Management Fees
	  	 	25,248.86	 	  	 	15,410.21	 	  	 	9,838.65	 	  	 	25,248.86	 
	 Maintenance & Repair
	  	 	3,556.17	 	  	 	2,170.45	 	  	 	1,385.72	 	  	 	3,556.17	 
	 Property Tax
	  	 	146,813.65	 	  	 	89,605.21	 	  	 	57,208.44	 	  	 	146,813.65	 
	 Property Water
	  	 	6,267.11	 	  	 	3,825.02	 	  	 	2,442.09	 	  	 	6,267.11	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Subtotal
	  	$	 190,968.59	 	  	 	116,554.42	 	  	 	74,414.17	 	  	 	190,968.59	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Building Specific Expenses:
	  				  				  				  			
	 Elevator Alarm
	  				  				  	 	954.77	 	  	 	954.77	 
	 Elevator Maintenance
	  				  	 	2,423.58	 	  	 	2,799.83	 	  	 	5,223.41	 
	 Elevator Phone Line
	  				  				  	 	362.68	 	  	 	362.68	 
	 Insurance
	  				  	 	14,374.50	 	  	 	9,508.17	 	  	 	23,882.67	 
	 Pest Control
	  				  	 	886.00	 	  	 	1,816.00	 	  	 	2,702.00	 
	 Security
	  				  	 	936.00	 	  	 	1,049.22	 	  	 	1,985.22	 
		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Subtotals
	  				  	 	18,620.08	 	  	 	16,490.67	 	  	 	35,110.75	 
		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Totals
	  				  	$	 135,174.50	 	  	$	 90,904.84	 	  	$	 226,079.34	 
		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Average Expenses:
	  				  				  				  			
	 Per Month
	  				  	$	 11,264.54	 	  	$	 7,575.40	 	  	$	 18,839.94	 
		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Per Square Foot Per Year
	  				  	$	 6.76	 	  	$	 7.12	 	  	$	 6.90	 
		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Per Square Foot Per Month
	  				  	$	 0.56	 	  	$	 0.59	 	  	$	 0.57	 
		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Tenant Utilities:
	  				  				  				  			
	 Electricity
	  				  	$	 53,016.35	 	  	$	 22,403.72	 	  	$	 75,420.07	 
	 Gas
	  				  	 	3,115.58	 	  	 	5,816.77	 	  	 	8,932.35	 
	 Refuse
	  				  	 	7,329.84	 	  	 	5,564.52	 	  	 	12,894.36	 
		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Totals
	  				  	$	 63,461.77	 	  	$	 33,785.01	 	  	$	 97,246.78	 
		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

 FIRST AMENDMENT 

TO 
 LEASE 

This First Amendment amends that certain AIR Commercial Real Estate Association Standard Industrial/Commercial Multi-Tenant Lease-Net dated August 13, 2013 (the “Existing Lease”) between Carp Two, LLC, a California limited liability company, as Lessor, and Procore Technologies, Inc., a California corporation, as
Lessee, for the premises commonly known as 6309 Carpinteria Avenue, Carpinteria, CA 93013 (the “Premises”). “Lease” means the Existing Lease, as amended by this First Amendment. Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Existing Lease. 
 Concurrently herewith, the Lessor and Lessee are entering
into a separate lease for the premises commonly known as 6305 Carpinteria Avenue, Carpinteria, CA 93013 (the “6305 Lease”). 

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows: 

1. Lease Term Extended. The Original Term of the Lease is hereby extended and the revised Expiration Date is May 31, 2021.

 2. Base Rent Payments. Payments of the Base Rent due monthly from Lessee as set forth in Paragraph 53 of the Addendum to the
Existing Lease shall remain as scheduled, except that commencing June 1, 2015, the monthly Base Rent shall be the sum of $22,345.75, until June 1, 2016, when the Base Rent is adjusted as provided in Paragraph 3, below. 

3. Base Rent Adjustments. The Base Rent adjustments as set forth in the Existing Lease (including in Paragraphs 50 and 51) shall
be revised from August 1 of each year during the Term (and any extension terms) to June 1 of each calendar year, commencing June 1, 2016. The Base Month for the purposes of Paragraphs 50 and 51 of the Existing Lease shall be
April 1, 2015. 
 4. Lessor’s Work Budget. The Budget (as defined in Paragraph 57 of the Existing Lease) is hereby
increased by an additional $161,198.00, from $285,717.00 to $446,915.00. Paragraph 57(c) of the Existing Lease is hereby restated to read as follows: 

“c) Lessor has agreed to the scope of work identified in the Plans, and based upon a budget not to exceed $446,915.00 (the
“Budget”). If the cost of Lessor’s Work, which shall include all architectural, design and permit fees, is less than the Budget, any excess shall be used to increase the budget under the 6305 Lease for the Lessor’s work to
be completed under the 6305 Lease. In addition, if the cost of the Lessor’s work to be completed under the 6305 Lease is less than the budget under the 6305 Lease, any excess shall be used to increase the Budget for Lessor’s Work
hereunder. To the extent that Lessee shall initiate changes or change orders to the scope of Lessor’s Work and such changes result in the cost of Lessor’s Work exceeding the Budget, Lessee shall be responsible for such additional costs to
the extent the cost of Lessor’s Work exceeds the Budget; provided that Lessor shall first advise Lessee of such costs and the parties shall memorialize the additional costs in a signed writing.” 

  
 Page 1 of 2 

 5. Lessee’s Option to Terminate the Lease. Provided that Lessee is not
then in default beyond any applicable notice and cure period, Lessee shall have the right to terminate the Original Term of the Lease, effective any time after May 31, 2020, by providing no less than nine (9) months advance written notice
to Lessor. Upon any such termination, Lessee shall pay to Lessor the unamortized portion, if any, of the amounts paid by Lessor for the Lessor’s Work and for brokerage commissions to real estate brokers for the Lease (all amortized on a
straight line basis over the period commencing on January 1, 2014 and terminating on May 31, 2021). This option to terminate shall not apply to any option term. 

6. Miscellaneous. Except as expressly modified by the provisions of this First Amendment, all of the terms and conditions of the
Existing Lease shall remain in full force and effect. Nothing herein shall be deemed to waive or modify any of the provisions of the Existing Lease, except as expressly stated herein. In the event of a conflict between this First Amendment and the
Existing Lease, the terms and conditions of this First Amendment shall prevail. 
 7. Authority. Lessor and Lessee represent
and warrant that the person executing this First Amendment on its behalf has the full power, authority, and legal right to execute and deliver this First Amendment and that this First Amendment constitutes the legal, valid and binding obligations of
such party and its representatives, successors and assigns, enforceable against such party in accordance with its terms. 
 8.
Counterparts. To facilitate execution of this First Amendment, this First Amendment may be executed in one or more counterparts as may be convenient or required, and an executed copy of this First Amendment delivered electronically by
facsimile or e-mail shall have the effect of an original, executed instrument. All counterparts of this First Amendment shall collectively constitute a single instrument. 

IN WITNESS WHEREOF, the parties have executed this First Amendment to Lease effective as of January 1, 2014. 

 

									
	LESSOR	 		 	LESSEE
			
	CARP TWO, LLC	 		 	PROCORE TECHNOLOGIES, INC.,
	a California limited liability company	 		 	a California corporation
					
	By:	 	 /s/ Paul J. Orfalea
	 		 	By:	 	 /s/ Craig Courtemanche

	Its:	 	Paul J. Orfalea	 		 	Its:	 	CEO
		 	Manager	 		 	

  
 Page 2 of 2 

 SECOND AMENDMENT 

TO 
 LEASE 

This Second Amendment amends that certain AIR Commercial Real Estate Association Standard Industrial/Commercial Multi-Tenant Lease-Net dated August 13, 2013 and further amended on January 1, 2014 (the “Existing Lease”) between 6303 Carpinteria Avenue, LLC, a Delaware limited liability company (successor in
interest to Carp Two, LLC, a California limited liability company), as Lessor, and Procore Technologies, Inc., a California corporation, as Lessee, for the premises commonly known as 6309 Carpinteria Avenue, Carpinteria, CA 93013 (the
“Premises”). “Lease” means the Existing Lease, as amended by this Second Amendment. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Existing Lease. 

Concurrently herewith, the Lessor and Lessee are entering into a separate lease for the premises commonly known as 6307 Carpinteria Avenue,
Suite B, Carpinteria, CA 93013 (the “6307 Lease”), and into a separate lease amendment for the premises commonly known as 6305 Carpinteria Avenue, Carpinteria, CA 93013 (the “6305 Lease”). 

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows: 

1. Lease Term Extended. The Original Term of the Lease is hereby extended from June 1, 2021 through March 31, 2023 (the
‘Extended Term”), and the revised Expiration Date is March 31, 2023. 
 2. Base Rent Adjustments. The Base Rent
adjustments during the Extended Term shall occur pursuant to Sections 50 & 53 of the Lease on June 1, 2021, and on June 1, 2022. 

3. Option(s) to Extend. Lessee’s first option period shall commence on April 1, 2023 and expire on March 31, 2028
and Lessee’s second option period shall commence on April 1, 2028 and expire on March 31, 2033. During the option periods the Base Rent shall continue to be adjusted every June 1, pursuant to Sections 51 and 53 of the Lease. 

4. Lessee’s Option to Terminate the Lease. Lessee shall no longer have the right to terminate said Lease. 

5. Real Estate Brokers and Brokerage Fees. Sections 1.10 and 15 of the Existing Lease shall be modified as follows: 

15.1 Additional Commissions. Subparagraphs (a), (b), (c) and (d) shall be deleted and no longer applicable to the Existing Lease.
Furthermore, Lessor, Lessee and Brokers hereby agree that all brokerage commissions have been paid by Lessor to Brokers and no additional brokerage commissions are due to Brokers in connection with the Existing Lease, except as set forth herein in
connection with the Extended Term. 

  
 Page 1 of 2 

 Notwithstanding anything to the contrary contained herein or in the Existing Lease, in
connection with the Extend Term, (i) Lessor and Lessee hereby agree that regarding Section 1.10 in the Lease, Lessor’s Broker shall remain as Hayes Commercial Group, and Lessee’s Broker shall be modified to Cresa Los Angeles, and
(ii) Subparagraphs 15.1 (a), (b) and (c) in the Existing Lease shall be deleted no longer applicable to the Existing Lease as amended herein. Except as set forth herein, all other terms and conditions set forth in Section 1.10 and
Section 15 in the Existing Lease shall remain unmodified, valid and in full force and effect, including the Extended Term. 
 6.
Miscellaneous. Except as expressly modified by the provisions of this Second Amendment, all of the terms and conditions of the Existing Lease shall remain in full force and effect. Nothing herein shall be deemed to waive or modify any
of the provisions of the Existing Lease, except as expressly stated herein. In the event of a conflict between this Second Amendment and the Existing Lease, the terms and conditions of this Second Amendment shall prevail. 

7. Authority. Lessor and Lessee represent and warrant that the person executing this Second Amendment on its behalf has the full
power, authority, and legal right to execute and deliver this Second Amendment and that this Second Amendment constitutes the legal, valid and binding obligations of such party and its representatives, successors and assigns, enforceable against
such party in accordance with its terms. 
 8. Counterparts. To facilitate execution of this Second Amendment, this Second
Amendment may be executed in one or more counterparts as may be convenient or required, and an executed copy of this Second Amendment delivered electronically by facsimile or e-mail shall have the effect of an
original, executed instrument. All counterparts of this Second Amendment shall collectively constitute a single instrument. 
 IN WITNESS
WHEREOF, the parties have executed this Second Amendment to Lease effective as of November 9, 2015. 
  

									
	LESSOR	 		 	LESSEE
			
	6303 CARPINTERIA AVENUE, LLC	 		 	PROCORE TECHNOLOGIES, INC.,
	a California limited liability company	 		 	a California corporation
					
	By:	 	 /s/ Jeremy K. Rogers
	 		 	By:	 	 /s/ Craig Courtemanche

	Its:	 	Manager	 		 	Its:	 	CEO
				
		 		 	By:	 	 /s/ Steven Zahm

		 		 	Its:	 	President

  
 Page 2 of 2 

 THIRD AMENDMENT 

TO 
 LEASE 

This Third Amendment amends that certain AIR Commercial Real Estate Association Standard Industrial/Commercial Multi-Tenant Lease-Net dated August 13, 2013 and further amended on January 1, 2014 and November 9, 2015 (the “Existing Lease”) between 6303 Carpinteria Avenue, LLC, a Delaware limited liability
company (successor in interest to Carp Two, LLC, a California limited liability company), as Lessor, and Procore Technologies, Inc., a Delaware corporation (successor in interest to Procore Technologies, Inc., a California corporation), as Lessee,
for the premises commonly known as 6309 Carpinteria Avenue, Carpinteria, CA 93013 (the “Premises”). “Lease” means the Existing Lease, as amended by this Third Amendment. Capitalized terms used but not defined herein
shall have the meanings ascribed to them in the Existing Lease. 
 Concurrently herewith, the Lessor and Lessee are entering into a separate
lease for the premises commonly known as 6303 Carpinteria Avenue, Carpinteria, CA 93013 (the “6303 Lease”), and into separate lease amendments for the premises commonly known as 6305 Carpinteria Avenue, Carpinteria, CA 93013 (the
“6305 Lease”) and 6307-B Carpinteria Avenue, Carpinteria, CA 93013 (the “6307-B Lease”). 

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows: 

1. Lease Term Extended. The Original Term of the Lease is hereby extended from April 1, 2023 through March 31, 2027
(the ‘Extended Term”), and the revised Expiration Date is March 31, 2027. 
 2. Base Rent Adjustments. The Base
Rent adjustments during the Term shall occur pursuant to Section 50 of the Lease as follows: 
  

					
	 April 1, 2017:
	  	$	23,476.44	 
	 April 1, 2018:
	  	$	24,180.74	 
	 April 1, 2019:
	  	$	24,906.16	 
	 April 1, 2020:
	  	$	25,653.35	 
	 April 1, 2021:
	  	$	26,422.95	 
	 April 1, 2022:
	  	$	27,215.63	 
	 April 1, 2023:
	  	$	28,032.10	 
	 April 1, 2024:
	  	$	28,873.07	 
	 April 1, 2025:
	  	$	29,739.26	 
	 April 1, 2026:
	  	$	30,631.44	 

  
 Page 1 of 2 

 3. Option(s) to Extend. Lessee’s first option period shall commence on
April 1, 2027 and expire on March 31, 2032 and Lessee’s second option period shall commence on April 1, 2032 and expire on March 31, 2037. Lessee must exercise its options at least nine (9) months, but not more than 12
months, prior to the dates that the option periods would commence. During the option periods the Base Rent shall be adjusted every April 1, pursuant to Section 51 of the Lease as follows: 

 

			
	 April 1, 2027
	  	MRV Adjustment
	 April 1, 2028
	  	3% increase
	 April 1, 2029
	  	3% increase
	 April 1, 2030
	  	3% increase
	 April 1, 2031
	  	3% increase
	 April 1, 2032
	  	MRV Adjustment
	 April 1, 2033
	  	3% increase
	 April 1, 2034
	  	3% increase
	 April 1, 2035
	  	3% increase
	 April 1, 2036
	  	3% increase

 4. Miscellaneous. Except as expressly modified by the provisions of this Third Amendment, all of
the terms and conditions of the Existing Lease shall remain in full force and effect. Nothing herein shall be deemed to waive or modify any of the provisions of the Existing Lease, except as expressly stated herein. In the event of a conflict
between this Third Amendment and the Existing Lease, the terms and conditions of this Third Amendment shall prevail. 
 5.
Authority. Lessor and Lessee represent and warrant that the person executing this Third Amendment on its behalf has the full power, authority, and legal right to execute and deliver this Third Amendment and that this Third Amendment
constitutes the legal, valid and binding obligations of such party and its representatives, successors and assigns, enforceable against such party in accordance with its terms. 

6. Counterparts. To facilitate execution of this Third Amendment, this Third Amendment may be executed in one or more
counterparts as may be convenient or required, and an executed copy of this Third Amendment delivered electronically by facsimile or e-mail shall have the effect of an original, executed instrument. All
counterparts of this Third Amendment shall collectively constitute a single instrument. 
 IN WITNESS WHEREOF, the parties have executed
this Third Amendment to Lease effective as of June ___, 2016. 
  

									
	LESSOR	 		 	LESSEE
			
	6303 CARPINTERIA AVENUE, LLC	 		 	PROCORE TECHNOLOGIES, INC.,
	a Delaware limited liability company	 		 	a Delaware corporation
					
	By:	 	              
	 		 	By:	 	 /s/ Craig Courtemanche

	Its:	 	              
	 		 	Its:	 	Craig Courtemanche
		 	        	 		 		 	CEO

  
 Page 2 of 2

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