Document:

Exhibit
10.1

 

CERTAIN
INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT 10.1 BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT
IF PUBLICLY DISCLOSED. [***] DENOTES INFORMATION THAT HAS BEEN OMITTED.

 

SALT
LAKE CITY

 

INDUSTRIAL
LEASE

 

SLS
INDUSTRIAL SLCP

 

Dated:
August 19, 2021

 

1.
BASIC LEASE TERMS. For purposes of this Lease, the following terms have the following definitions and meanings:

 

(a)
Landlord: SLS INDUSTRIAL PORTFOLIO OWNER SLCP, LLC, a Delaware limited liability company

 

Landlord’s
Address (For Notices):

 

SLS
INDUSTRIAL PORTFOLIO OWNER SLCP, LLC

c/o The Koll Company

17755 Sky Park East, Suite 100

Irvine,
CA 92614

Attention:
[***], Property Manager

 

Landlord’s
Address (For Payment of Rent):

 

SLS
Industrial Portfolio Owner SLCP, LLC

c/o
The Koll Company

17755 Sky Park East, Suite 100

Irvine,
CA 92614

 

(b)
Tenant: Sintx Technologies, Inc., a Delaware corporation

 

Tenant’s
Trade Name: SINTX Technologies

 

Tenant’s
Address for Notices (Premises):

 

3284
W. 2100 S., Suite A

Salt
Lake City, Utah 84104

Attention:
[***], Chief Operating Officer

 

With
copy to:

SINTX
Technologies, Inc.

1885
W 2100 S

Salt
Lake City, UT 84119

Attention:
[***], Chief Operating Officer

 

(c)
Premises: Suite(s) A of 3284 W. 2100 S. (the “Building”) of SLS SLCP (the “Project”), located
at 3284 W. 2100 S., in the City of Salt Lake City (“City”), County of Salt Lake County (“County”),
State of Utah (“State”) as shown on Exhibit “A-I”. The Premises contain approximately 10,936 Rentable
Square Feet (subject to adjustment as provided in this Lease).

 

(d)
Tenant’s Share of Operating Expenses: [***]% based upon 10,936 Rentable Square Feet in the Premises and [***] Rentable Square
Feet in the Building.

 

(e)
Term: One hundred twenty-two (122) calendar months

 

(f)
Commencement Date: Subject to Landlord’s ability to complete the Tenant Improvements which is estimated to be September
1, 2021, provided, however, that Landlord, at no charge, shall provide delivery of the Premises fifteen (15) days prior to the lease
commencement date for the purpose of Tenant installing Tenant’s FF&E, de-bugging and test fit of material handling systems
and equipment. Subject to Lease execution and Tenant supplying Landlord proof of insurance, security deposit and any required governmental
approvals, Landlord shall provide access to the Premises to the extent allowable by applicable law and code upon mutual execution of
the Lease.

 

(g)
Expiration Date: October 31, 2031

 

(h)
Monthly Base Rent:

 

	PERIOD
    COVERED:	MONTHLY
    BASE RENT:
	09/01/21
    – 10/31/21	Abate
	11/01/21
    – 08/31/22	$9,295.60
	09/01/22
    – 08/31/23	$9,574.47
	09/01/23
    – 08/31/24	$9,861.70
	09/01/24
    – 08/31/25	$10,157.55
	09/01/25
    – 08/31/26	$10,462.28
	09/01/26
    – 08/31/27	$10,776.15
	09/01/27
    – 08/31/28	$11,099.43
	09/01/28
    – 08/31/29	$11,432.42
	09/01/29
    – 08/31/30	$11,775.39
	09/01/30
    – 08/31/31	$12,128.65
	09/01/31
    – 10/31/31	$12,492.51

 

*Base
Rent for months 1 and 2 of the lease term are abated.

 

    	1

    	 

    

 

(i)
Monthly Operating Expense Charge: Tenant shall pay its pro rata share of the operating expenses, real property taxes, and property
insurance for the Building based on Tenant’s percentage of the total Building rentable square footage. Tenant’s pro rata
share is [***]% based upon 10,936 Rentable Square Feet in the Premises and 70,641 Rentable Square Feet in the Building The triple net
(“NNN”) Expenses are estimated at $[***] per rentable square foot which equates to $[***]. During the base rent abatement
period, tenant is still responsible for payment of its pro rata shares of operating expense estimates.

 

(j)
Security Deposit: $[***]

 

(k)
Non-Refundable Cleaning Fee Portion of Security Deposit: N/A

 

(l)
Permitted Use: General office and warehouse, light manufacturing, storage and sale and distribution of goods, and no other use
without the express written consent of Landlord, which consent Landlord may withhold in its sole and absolute discretion.

 

(m)
Broker(s): Newmark Knight Frank representing Landlord and representing Colliers International (Travis Yates) representing
Tenant.

 

(n)
Guarantor(s): N/A

 

(o)
Interest Rate: The greater of ten percent (10%) per annum or two percent (2%) in excess of the prime lending or reference rate
of Wells Fargo Bank N.A., or any successor bank in effect on the twenty-fifth (25th) day of the calendar month immediately prior to the
event giving rise to the Interest Rate imposition; provided, however, the Interest Rate will in no event exceed the maximum interest
rate permitted to be charged by applicable law.

 

(p)
Exhibits: Exhibit “A-1” through Exhibit “H”, inclusive, which Exhibits are attached to this
Lease and incorporated herein by this reference.

 

This
Paragraph 1 represents a summary of the basic terms and definitions of this Lease. In the event of any inconsistency between the
terms contained in this Paragraph 1 and any specific provision of this Lease, the terms of the more specific provision of this Lease
shall prevail.

 

2.
PREMISES AND COMMON AREAS.

 

(a)
Premises. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises upon and subject to the terms,
covenants and conditions contained in this Lease to be performed by each party.

 

(b)
Tenant’s Use of Common Areas. During the Term of this Lease, Tenant shall have the nonexclusive right to use in common with
all other occupants of the Project, the following common areas of the Project (collectively, the “Common Areas”):
the parking facilities of the Project which serve the Building, loading and unloading areas, trash areas, roadways, sidewalks, walkways,
parkways, driveways, landscaped areas, and similar areas and facilities situated within the Project and appurtenant to the Building which
are not reserved for the exclusive use of any Project occupants.

 

(c)
Landlord’s Reservation of Rights. Provided that Landlord uses commercially reasonable efforts to not materially and adversely
interfere with Tenant’s use of the Premises, Landlord reserves for itself and for all other owner(s) and operator(s) of the Common
Areas and the balance of the Project, the right from time to time to: (i) install, use, maintain, repair, replace and relocate pipes,
ducts, conduits, wires and appurtenant meters and equipment above the ceiling surfaces, below the floor surfaces and within the walls
of the Building; (ii) make changes to the design and layout of the Project, including, without limitation, changes to buildings, driveways,
entrances, loading and unloading areas, direction of traffic, landscaped areas and walkways, parking spaces and parking areas; and (iii)
use or close temporarily the Common Areas, and/or other portions of the Project while engaged in making improvements, repairs or alterations
to the Building, the Project, or any portion thereof.

 

3.
TERM. The term of this Lease (“Term”) will be for the period designated in Subparagraph 1(e), commencing
on the Commencement Date, and ending on the Expiration Date. Each consecutive twelve (12) month period of the Term of this Lease, commencing
on the Commencement Date, will be referred to herein as a “Lease Year”, provided, however, if the Commencement Date
occurs on a day other than the first day of a calendar month, the first Lease Year shall include the partial month in which the Commencement
Date occurs plus the succeeding twelve (12) calendar months.

 

4.
POSSESSION.

 

(a)
Delivery of Possession. Landlord will deliver possession of the Premises to Tenant in its current “as-is” condition
and configuration, broom clean with all electrical, mechanical and plumbing systems in working order, with the addition of only those
items of work described on Exhibit “B” which are to be completed by Landlord on or before the Commencement Date. If,
for any reason not caused by Tenant, Landlord cannot deliver possession of the Premises to Tenant on the Commencement Date, this Lease
will not be void or voidable, nor will Landlord be liable to Tenant for any loss or damage resulting from such delay, but in such event,
the Commencement Date and Tenant’s obligation to pay rent will not commence until Landlord delivers possession to Tenant. If the
delay in possession is caused by Tenant, then the Term and Tenant’s obligation to pay rent will commence as of the Commencement
Date even though Tenant does not yet have possession. Notwithstanding the foregoing, Landlord will not be obligated to deliver possession
of the Premises to Tenant (but Tenant will be liable for rent if Landlord can otherwise deliver the Premises to Tenant) until Landlord
has received from Tenant all of the following: (i) a copy of this Lease fully executed by Tenant and the guaranty of Tenant’s obligations
under this Lease, if any, executed by the Guarantor(s); (ii) the Security Deposit and the first installment of Monthly Base Rent; and
(iii) copies of policies of insurance or certificates thereof as required under Paragraph 19 of this Lease.

 

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(b)
Condition of Premises. Except as otherwise set forth in 4(a), Landlord shall have no obligation whatsoever to improve or
otherwise fund any improvements to the Premises in conjunction with this Lease. By taking possession of the Premises, Tenant will be
deemed to have accepted the Premises in its “as-is” condition on the date of delivery of possession and to have acknowledged
that all work to be completed by Landlord as described on Exhibit “B” has been completed and there are no additional
items needing work or repair by Landlord. Tenant acknowledges that neither Landlord nor any agent of Landlord has made any representation
or warranty with respect to the Premises, the Building, the Project or any portions thereof or with respect to the suitability of same
for the conduct of Tenant’s business and Tenant further acknowledges that Landlord will have no obligation to construct or complete
any additional buildings or improvements within the Project.

 

(c)
Lease Confirmation. Concurrently with the delivery of the Premises by Landlord, Landlord shall deliver to Tenant and Tenant shall
execute a written statement in the form attached hereto as Exhibit “G, (the “Tenant Commencement Certificate”)
confirming the Commencement Date of the Lease and the Expiration Date of the Lease. If Tenant fails to sign and return the Tenant Commencement
Certificate to Landlord upon the delivery of the Premises by Landlord, the Tenant Commencement Certificate as sent by Landlord shall
be deemed to have correctly set forth the Commencement Date and the other matters addressed in the Certificate. The form of certificate
shown in Exhibit “G” may also be used in conjunction with amendments to this Lease, if any, and Tenant shall execute
the same within ten (10) days after receipt of a request therefor from Landlord.

 

(d)
Early Occupancy. Any occupancy of the Premises by Tenant prior to the Commencement Date (“Early Possession”)
will be subject to all of Tenant’s obligations under this Lease (except that Tenant will not be obligated to pay Base Rent during
such early occupancy until it commences operations at the Premises). Tenant shall provide Landlord with copies of certificates of insurance,
complying in all respects with the terms of this Lease for all insurance required to be provided hereunder prior to entering the Premises.
Tenant hereby releases and discharges Landlord, its contractors, agents, employees and manager from and against any and all claims of
loss, damage or injury to persons or property, including without limitation any product inventory, which is alleged to have occurred
during the period of Early Possession. Landlord makes no representation or warranty about safety of the Premises during any period of
Early Possession, as construction and other activities will be ongoing. Tenant shall coordinate its activities in the Premises during
Early Possession with Landlord and Landlord’s contractor.

 

5.
RENT.

 

(a)
Monthly Base Rent. Tenant agrees to pay Landlord the Monthly Base Rent for the Premises (subject to adjustment as hereinafter
provided) in advance on the first day of each calendar month during the Term without prior notice or demand, except that Tenant agrees
to pay the Monthly Base Rent for the first month of the Term directly to Landlord concurrently with Tenant’s delivery of the executed
Lease to Landlord. The obligation of Tenant to pay Monthly Base Rent and other sums to Landlord and the obligations of Landlord under
this Lease are independent obligations. All rent must be paid to Landlord, without any deduction or offset, in lawful money of the United
States of America, at the address designated by Landlord or to such other person or at such other place as Landlord may from time to
time designate in writing. Monthly Base Rent will be adjusted during the Term of this Lease as provided in Subparagraph 1(h) of
this Lease.

 

(b)
Additional Rent. All amounts and charges to be paid by Tenant hereunder, including, without limitation, payments for Operating
Expenses, insurance and repairs, will be considered additional rent for purposes of this Lease, and the word “rent” as used
in this Lease will include all such additional rent unless the context specifically or clearly implies that only Monthly Base Rent is
intended.

 

(c)
Late Payments. Late payments of Monthly Base Rent and/or any item of additional rent will be subject to interest and a late charge
as provided in Subparagraph 22(f) below.

 

6.
OPERATING EXPENSES.

 

(a)
Operating Expenses. Throughout the Term of this Lease, commencing on the Commencement Date, Tenant agrees to pay Landlord as additional
rent in accordance with the terms of this Paragraph 6, Tenant’s Share of Operating Expenses for the taxes and insurance
for the Project and all costs and expenses for the operation, maintenance, repair, and replacement of the Project including, without
limitation: (i) any form of real property tax assessment, license fee, license tax, business license fee, commercial rental tax, levy,
charge, improvement bond or similar imposition of any kind or nature imposed by any authority having the direct power to tax, including
any city, county, state or federal government, or any school, agricultural, lighting, drainage or other improvement or special assessment
district thereof, including, without limitation, any new taxes which are in substitution for or in addition to any current taxes payable
hereunder; (ii) any and all assessments under any covenants, conditions and restrictions affecting the Project; (iii) water, sewer and
other utility charges; (iv) costs of insurance obtained by Landlord pursuant to Paragraph 19 of the Lease; (v) waste disposal
and janitorial services; (vi) security; (vii) labor; (viii) management costs including, without limitation: (A) wages and salaries (and
payroll taxes and similar charges ) of property management employees, and (B) management office rental, supplies, equipment and related
operating expenses and management fees; (ix) supplies, materials, equipment and tools including rental of personal property; (x) repair
and maintenance of the structural portions of the buildings with the Project, including the plumbing, heating, ventilating, air-conditioning
and electrical systems installed or furnished by Landlord; (xi) maintenance, costs and upkeep of all parking and other Common Areas;
(xii) depreciation on a straight line basis and rental of personal property used in maintenance; (xiii) amortization on a straight line
basis over the useful life [together with interest at the Interest Rate on the unamortized balance] of all capitalized expenditures which
are: (A) reasonably intended to produce a reduction in operating charges or energy consumption; or (B) required under any governmental
law or regulation that was not applicable to the Project at the time it was originally constructed; or (C) for replacement of any Project
equipment needed to operate the Project at the same quality levels as prior to the replacement; (xiv) gardening and landscaping; (xv)
maintenance of signs (other than signs of tenants of the Project); (xvi) personal property taxes levied on or attributable to personal
property used in connection with the Common Areas; (xvii) reasonable accounting, audit, verification, legal and other consulting fees
in connection with the operation, maintenance, or repair of the Project; and (xviii) costs and expenses of repairs, resurfacing, repairing,
maintenance, painting, lighting, cleaning, refuse removal, security and similar items, including appropriate reserves.

 

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(b)
Estimate Statement. Prior to the Commencement Date and on or about March 1st of each subsequent calendar year during the Term
of this Lease, Landlord will endeavor to deliver to Tenant a statement (“Estimate Statement”) wherein Landlord will
estimate both the Operating Expenses and Tenant’s Monthly Operating Expense Charge for the then current calendar year. Tenant agrees
to pay Landlord, as additional rent, Tenant’s estimated Monthly Operating Expense Charge each month thereafter, beginning with
the next installment of rent due, until such time as Landlord issues a revised Estimate Statement or the Estimate Statement for the succeeding
calendar year; except that, concurrently with the regular monthly rent payment next due following the receipt of each such Estimate Statement,
Tenant agrees to pay Landlord an amount equal to one monthly installment of Tenant’s estimated Monthly Operating Expense Charge
(less any applicable Operating Expenses already paid) multiplied by the number of months from January, in the current calendar year,
to the month of such rent payment next due, all months inclusive. If at any time during the Term of this Lease, but not more often than
quarterly, Landlord reasonably determines that Tenant’s Share of Operating Expenses for the current calendar year will be greater
than the amount set forth in the then current Estimate Statement, Landlord may issue a revised Estimate Statement and Tenant agrees to
pay Landlord, such greater amount in the next monthly installment of rent due, the difference between the amount owed by Tenant under
such revised Estimate Statement and the amount owed by Tenant under the original Estimate Statement for the portion of the then current
calendar year which has expired. Thereafter Tenant agrees to pay Tenant’s Monthly Operating Expense Charge based on such revised
Estimate Statement until Tenant receives the next calendar year’s Estimate Statement or a new revised Estimate Statement for the
current calendar year.

 

(c)
Actual Statement. By March 1st of each calendar year during the Term of this Lease, Landlord will also endeavor to deliver to
Tenant a statement (“Actual Statement”) which states Tenant’s Share of the actual Operating Expenses for the
preceding calendar year. If the Actual Statement reveals that Tenant’s Share of the actual Operating Expenses is more than the
total Additional Rent paid by Tenant for Operating Expenses on account of the preceding calendar year, Tenant agrees to pay Landlord
the difference in the next monthly installment of rent due. If the Actual Statement reveals that Tenant’s Share of the actual Operating
Expenses is less than the Additional Rent paid by Tenant for Operating Expenses on account of the preceding calendar year, Landlord will
credit any overpayment toward the next monthly installment(s) of Tenant’s Share of the Operating Expenses due under this Lease.
Notwithstanding the foregoing, the last reconciliation payment and/or credit will be made within a ten (10) day advance notice from Landlord.

 

(d)
Miscellaneous. Any delay or failure by Landlord in delivering any Estimate Statement or Actual Statement pursuant to this Paragraph
6 will not constitute a waiver of its right to require an increase in rent nor will it relieve Tenant of its obligations pursuant
to this Paragraph 6, except that Tenant will not be obligated to make any payments based on such Estimate Statement or Actual
Statement until the next monthly installment of rent due after receipt of such Estimate Statement or Actual Statement, provided further
that in no event shall Tenant be responsible to Landlord under this Section 6 for any item which is first invoiced by Landlord more than
six (6) months after the date such item is incurred by Landlord.. If Tenant does not object to any Estimate Statement or Actual Statement
within thirty (30) days after Tenant receives any such statement, such statement will be deemed final and binding on Tenant. Even though
the Term has expired and Tenant has vacated the Premises, when the final determination is made of Tenant’s Share of the actual
Operating Expenses for the year in which this Lease terminates, Tenant agrees to promptly pay any increase due over the estimated expenses
paid and, conversely, any overpayment made in the event said expenses decrease shall promptly be rebated by Landlord to Tenant. Such
obligation will be a continuing one which will survive the expiration or termination of this Lease. Prior to the expiration or sooner
termination of the Lease Term and Landlord’s acceptance of Tenant’s surrender of the Premises, Landlord will have the right
to estimate the actual Operating Expenses for the then current Lease Year and to collect from Tenant prior to Tenant’s surrender
of the Premises, Tenant’s Share of any excess of such actual Operating Expenses over the estimated Operating Expenses paid by Tenant
in such Lease Year.

 

7.
SECURITY DEPOSIT AND CLEANING FEE. Upon Tenant’s execution of this Lease, Tenant will deposit with Landlord the Security Deposit
designated in Subparagraph 1(j). The Security Deposit will be held by Landlord as security for the full and faithful performance
by Tenant of all of the terms, covenants, and conditions of this Lease to be kept and performed by Tenant during the Term hereof. The
Security Deposit is not, and may not be construed by Tenant to constitute, rent for the last month or any portion thereof. If Tenant
defaults with respect to any provisions of this Lease including, but not limited to, the provisions relating to the payment of rent or
additional rent, Landlord may (but will not be required to) use, apply or retain all or any part of the Security Deposit for the payment
of any rent or any other sum in default, or for the payment of any other amount which Landlord may spend by reason of Tenant’s
default or to compensate Landlord for any loss or damage which Landlord may suffer by reason of Tenant’s default. If any portion
of the Security Deposit is so used or applied, Tenant agrees, within ten (10) days after Landlord’s written demand therefor, to
deposit cash with Landlord in an amount sufficient to restore the Security Deposit to its original amount and Tenant’s failure
to do so shall constitute a default under this Lease. Landlord is not required to keep Tenant’s Security Deposit separate from
its general funds, and Tenant is not entitled to interest on such Security Deposit. If Tenant is not in default at the expiration or
termination of this Lease, Landlord will return the Security Deposit to Tenant, less the non-refundable Cleaning Fee portion designated
in Subparagraph 1(k). Landlord’s obligations with respect to the Security Deposit are those of a debtor and not of a trustee.

 

8.
USE.

 

(a)
Tenant’s Use of the Premises. The Premises may be used for the use or uses set forth in Subparagraph 1(l) only, and
Tenant will not use or permit the Premises to be used for any other purpose without the prior written consent of Landlord, which consent
Landlord may withhold in its sole and absolute discretion. Nothing in this Lease will be deemed to give Tenant any exclusive right to
such use in the Project.

 

(b)
Compliance. At Tenant’s sole cost and expense, Tenant agrees to procure, maintain and hold available for Landlord’s
inspection, all governmental licenses and permits required for the proper and lawful conduct of Tenant’s business from the Premises,
if any. Tenant agrees not to use, alter or occupy the Premises or allow the Premises to be used, altered and occupied in violation of,
and Tenant, at its sole cost and expense, agrees to use and occupy the Premises, and cause the Premises to be used and occupied, in compliance
with: (i) any and all laws, statutes, zoning restrictions, ordinances, rules, regulations, orders and rulings now or hereafter in force
and any requirements of any insurer, insurance authority or duly constituted public authority having jurisdiction over the Premises,
the Building or the Project now or hereafter in force, (ii) the requirements of the Board of Fire Underwriters and any other similar
body, (iii) the Certificate of Occupancy issued for the Building, and (iv) any recorded covenants, conditions and restrictions and similar
regulatory agreements, if any, which affect the use, occupation or alteration of the Premises, the Building and/or the Project. Tenant
agrees to comply with the Rules and Regulations referenced in Paragraph 28 below. Tenant agrees not to do or permit anything to
be done in or about the Premises which will in any manner obstruct or interfere with the rights of other tenants or occupants of the
Project, or injure or unreasonably annoy them, or use or allow the Premises to be used for any unlawful or unreasonably objectionable
purpose. Tenant agrees not to place or store any articles or materials outside of the Premises or to cause, maintain or permit any nuisance
or waste in, on, under or about the Premises or elsewhere within the Project. Tenant shall not use or allow the Premises to be used for
lodging, bathing or the washing of clothes.

 

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(c)
Hazardous Materials. Except for ordinary and general office supplies, such as copier toner, liquid paper, glue, ink and common
household cleaning materials (some or all of which may constitute “Hazardous Materials” as defined in this Lease),
Tenant agrees not to cause or permit any Hazardous Materials to be brought upon, stored, used, handled, generated, released or disposed
of on, in, under or about the Premises, the Building, the Common Areas or any other portion of the Project by Tenant, its agents, employees,
subtenants, assignees, licensees, contractors or invitees (collectively, “Tenant’s Parties”), without the prior
written consent of Landlord, which consent Landlord may withhold in its sole and absolute discretion. Concurrently with the execution
of this Lease and annually thereafter, within ten (10) days of written request from Landlord, Tenant agrees to complete and deliver to
Landlord an Environmental Questionnaire in the form of Exhibit “F” attached hereto. Upon the expiration or earlier
termination of this Lease, Tenant agrees to promptly remove from the Premises, the Building and the Project, at its sole cost and expense,
any and all Hazardous Materials, including any equipment or systems containing Hazardous Materials which are installed, brought upon,
stored, used, generated or released upon, in, under or about the Premises, the Building and/or the Project or any portion thereof by
Tenant or any of Tenant’s Parties. To the fullest extent permitted by law, Tenant agrees to promptly indemnify, protect, defend
and hold harmless Landlord and Landlord’s partners, officers, directors, employees, agents, successors and assigns (collectively,
“Landlord Indemnified Parties”) from and against any and all claims, damages, judgments, suits, causes of action,
losses, liabilities, penalties, fines, expenses and costs (including, without limitation, clean-up, removal, remediation and restoration
costs, sums paid in settlement of claims, attorneys’ fees, consultant fees and expert fees and court costs) which arise or result
from the presence of Hazardous Materials on, in, under or about the Premises, the Building or any other portion of the Project and which
are caused or permitted by Tenant or any of Tenant’s Parties. Tenant agrees to promptly notify Landlord of any release of Hazardous
Materials in the Premises, the Building or any other portion of the Project which Tenant becomes aware of during the Term of this Lease,
whether caused by Tenant or any other persons or entities. In the event of any release of Hazardous Materials caused or permitted by
Tenant or any of Tenant’s Parties, Landlord shall have the right, but not the obligation, to cause Tenant to immediately take all
steps Landlord deems necessary or appropriate to remediate such release and prevent any similar future release to the satisfaction of
Landlord and Landlord’s mortgagee(s). At all times during the Term of this Lease, Landlord will have the right, but not the obligation,
to enter upon the Premises to inspect, investigate, sample and/or monitor the Premises to determine if Tenant is in compliance with the
terms of this Lease regarding Hazardous Materials. As used in this Lease, the term “Hazardous Materials” shall mean
and include any hazardous or toxic materials, substances or wastes as now or hereafter designated under any law, statute, ordinance,
rule, regulation, order or ruling of any agency of the State, the United States Government or any local governmental authority, including,
without limitation, asbestos, petroleum, petroleum hydrocarbons and petroleum based products, urea formaldehyde foam insulation, polychlorinated
biphenyls (“PCBs”), and freon and other chlorofluorocarbons. The provisions of this Subparagraph 8(c) will
survive the expiration or earlier termination of this Lease.

 

(d)
Refuse and Sewage. Tenant agrees not to keep any trash, garbage, waste or other refuse on the Premises except in sanitary containers
and agrees to regularly and frequently remove same from the Premises. Tenant shall keep all containers or other equipment used for storage
of such materials in a clean and sanitary condition. Tenant shall properly dispose of all sanitary sewage and shall not use the sewage
disposal system for the disposal of anything except sanitary sewage. Tenant shall keep the sewage disposal system free of all obstructions
and in good operating condition. If the volume of Tenant’s trash becomes excessive in Landlord’s judgment, Landlord shall
have the right to charge Tenant for additional trash disposal services and/or to require that Tenant contract directly for additional
trash disposal services at Tenant’s sole cost and expense.

 

9.
NOTICES. Any notice required or permitted to be given hereunder must be in writing and may be given by personal delivery (including
delivery by overnight courier or an express mailing service) or by mail, if sent by registered or certified mail. Notices to Tenant shall
be sufficient if delivered to Tenant at the Premises and notices to Landlord shall be sufficient if delivered to Landlord at the address
designated in Subparagraph 1(a). Either party may specify a different address for notice purposes by written notice to the other,
except that the Landlord may in any event use the Premises as Tenant’s address for notice purposes.

 

10.
BROKERS. The parties acknowledge that the broker(s) who negotiated this Lease are stated in Subparagraph 1(m). Landlord and
Tenant each agree to promptly indemnify, protect, defend and hold harmless the other from and against any and all claims, damages, judgments,
suits, causes of action, losses, liabilities, penalties, fines, expenses and costs (including attorneys’ fees and court costs)
resulting from any breach by the indemnifying party of the foregoing representation, including, without limitation, any claims that may
be asserted by any broker, agent or finder undisclosed by the indemnifying party. The foregoing mutual indemnity shall survive the expiration
or earlier termination of this Lease. Tenant agrees that Landlord will not recognize or compensate any third party broker with regards
to any renewals and/or expansions.

 

11.
SURRENDER; HOLDING OVER.

 

(a)
Surrender. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not constitute a
merger, and shall, at the option of Landlord, operate as an assignment to Landlord of any or all subleases or subtenancies. Upon the
expiration or earlier termination of this Lease, Tenant agrees to timely and peaceably surrender the Premises to Landlord broom clean
and in a state of good order, repair and condition, ordinary wear and tear and casualty damage excepted, with all of Tenant’s personal
property and alterations removed from the Premises to the extent required under Paragraph 13 and all damage caused by such removal
repaired as required by Paragraph 13. The delivery of keys to any employee of Landlord or to Landlord’s agent or any employee
thereof alone will not be sufficient to constitute a termination of this Lease or a surrender of the Premises.

 

(b)
Holding Over. If Tenant holds over after the expiration or earlier termination of the Term, Landlord may, at its option, treat
Tenant as a tenant at sufferance only, and evict Tenant immediately, or consent in writing to the continued occupancy by Tenant which
shall be subject to all of the terms, covenants and conditions of this Lease, so far as applicable, including the payment of Operating
Expenses, except that the Monthly Base Rent for any month or partial month during which Tenant holds over shall be equal to one hundred
fifty percent (150%) of the Monthly Base Rent in effect under this Lease immediately prior to such holdover. Acceptance by Landlord of
rent after such expiration or earlier termination will not result in a renewal of this Lease. If Tenant fails to surrender the Premises
upon the expiration of this Lease in accordance with the terms of this Paragraph 11 despite demand to do so by Landlord, Tenant
agrees to promptly indemnify, protect, defend and hold Landlord harmless from all claims, damages, judgments, suits, causes of action,
losses, liabilities, penalties, fines, expenses and costs (including attorneys’ fees and costs), including, without limitation,
costs and expenses incurred by Landlord in returning the Premises to the condition in which Tenant was to surrender it and claims made
by any succeeding tenant founded on or resulting from Tenant’s failure to timely surrender the Premises in accordance with the
terms of this Lease. The provisions of this Subparagraph 11(b) will survive the expiration or earlier termination of this Lease.

 

    	5

    	 

    

 

12.
TAXES ON TENANT’S PROPERTY. Tenant agrees to pay before delinquency, all taxes and assessments (real and personal) levied against
Tenant’s business operations or any personal property, improvements, alterations, trade fixtures or merchandise placed by Tenant
in or about the Premises.

 

13.
ALTERATIONS. Tenant shall not make any alterations to the Premises or any other aspect of the Project, without Landlord’s prior
written consent, which consent Landlord may withhold in its reasonable but subjective discretion. Notwithstanding the foregoing to the
contrary, Tenant shall not make (i) any structural alterations, improvements or additions to the Premises, or (ii) any alterations, improvements
or additions to the Premises which (a) will adversely impact the Building’s mechanical, electrical or heating, ventilation or air
conditioning systems, or (b) will adversely impact the structure of the Building, or (c) are visible from the exterior of the Premises,
or (d) which will result in the penetration or puncturing of the roof or floor, without, in each case, first obtaining Landlord’s
prior written consent or approval to such Alterations (which consent or approval shall be in the Landlord’s sole and absolute discretion).
All permitted alterations must be performed in compliance with Landlord’s standard rules and regulations regarding alterations.
All alterations will become the property of Landlord and will remain upon and be surrendered with the Premises at the end of the Term
of this Lease; provided, however, Landlord may require Tenant to remove any or all alterations at the end of the Term of this Lease.
If Tenant fails to remove by the expiration or earlier termination of this Lease all of its personal property, or any alterations identified
by Landlord for removal, Landlord may, at its option, treat such failure as a hold-over pursuant to Subparagraph 11(b) above,
and/or Landlord may (without liability to Tenant for loss thereof) treat such personal property and/or alterations as abandoned and,
at Tenant’s sole cost and expense and in addition to Landlord’s other rights and remedies under this Lease, at law or in
equity: (a) remove and store such items; and/or (b) upon ten (10) days’ prior notice to Tenant, sell, discard or otherwise dispose
of all or any such items at private or public sale for such price as Landlord may obtain or by other commercially reasonable means. Tenant
shall be liable for all costs of disposition of Tenant’s abandoned property and Landlord shall have no liability to Tenant with
respect to any such abandoned property. Landlord agrees to apply the proceeds of any sale of any such property to any amounts due to
Landlord under this Lease from Tenant (including Landlord’s attorneys’ fees and other costs incurred in the removal, storage
and/or sale of such items), with any remainder to be paid to Tenant.

 

14.
REPAIRS.

 

(a)
Landlord’s Obligations. Landlord agrees to repair and maintain the structural portions of the Building, including the foundations,
bearing and exterior walls (excluding glass), subflooring and roof (excluding skylights), and the unexposed electrical, plumbing and
sewer systems, including those portions of such systems which are outside the Premises (gutters and downspouts on the Building), unless
such maintenance and repairs are caused in part or in whole by the act, neglect or omission of any duty by Tenant, its agents, servants,
employees or invitees, in which case Tenant will pay to Landlord, as additional rent, the reasonable cost of such maintenance and repairs.
The costs of maintenance and repairs performed by Landlord will be included in Operating Expenses. Except as provided in this Subparagraph
14(a), Landlord has no obligation to alter, remodel, improve, repair, decorate or paint the Premises or any part thereof. Landlord
will not be liable for any failure to make any such repairs or to perform any maintenance unless such failure shall persist for an unreasonable
time after written notice of the need of such repairs or maintenance is given to Landlord by Tenant. Tenant will not be entitled to any
abatement of rent and Landlord will not have any liability by reason of any injury to or interference with Tenant’s business arising
from the making of any repairs, alterations or improvements in or to any portion of the Building or the Premises or in or to fixtures,
appurtenances and equipment therein.

 

(b)
Tenant’s Obligations. Tenant agrees to keep, maintain and preserve the Premises in a state of condition and repair consistent
with the Building and the permitted Use and, when and if needed, at Tenant’s sole cost and expense, to make all repairs to the
Premises and every part thereof including, without limitation, all walls, storefronts, floors, ceilings, interior and exterior doors
and windows and fixtures, interior plumbing, heating, ventilating and air conditioning systems including HVAC service contracts which
serve the Premises, and supplemental HVAC systems, if any, installed by Tenant. Any such maintenance and repairs will be performed by
Landlord’s contractor, or at Landlord’s option, by such contractor or contractors as Tenant may choose from an approved list
to be submitted by Landlord or, Tenant may recommend its vendor(s) for Landlord’s consideration and approval versus choosing Landlord’s
contractor prior to performing any such maintenance. Tenant agrees to pay all costs and expenses incurred in such maintenance and repair
within ten (10) days after billing by such contractor or contractors. If Tenant refuses or neglects to repair and maintain the Premises
properly as required hereunder to the reasonable satisfaction of Landlord, Landlord, at any time following ten (10) days from the date
on which Landlord makes a written demand on Tenant to effect such repair and maintenance, may enter upon the Premises and make such repairs
and/or maintenance, and upon completion thereof, Tenant agrees to pay to Landlord as additional rent, Landlord’s costs for making
such repairs plus an amount not to exceed ten percent (10%) of such costs for overhead, within ten (10) days of receipt from Landlord
of a written itemized bill therefor. Any amounts not reimbursed by Tenant within such ten (10) day period will bear interest at the Interest
Rate until paid by Tenant.

 

15.
LIENS. Tenant agrees not to permit any mechanic’s, materialmen’s or other liens to be filed against all or any part of
the Project, the Building or the Premises, nor against Tenant’s leasehold interest in the Premises, by reason of or in connection
with any repairs, alterations, improvements or other work contracted for or undertaken by Tenant or any other act or omission of Tenant
or Tenant’s agents, employees, contractors, licensees or invitees. At Landlord’s request, Tenant agrees to provide Landlord
with enforceable, conditional and final lien releases (or other evidence reasonably requested by Landlord to demonstrate protection from
liens) from all persons furnishing labor and/or materials at the Premises. Landlord will have the right at all reasonable times to post
on the Premises and record any notices of non-responsibility which it deems necessary for protection from such liens. If any such liens
are filed, Tenant will, at its sole cost and expense, promptly cause such liens to be released of record or bonded so that it no longer
affects title to the Project, the Building or the Premises. If Tenant fails to cause any such liens to be so released or bonded within
ten (10) days after filing thereof, such failure will be deemed a material breach by Tenant under this Lease without the benefit of any
additional notice or cure period described in Paragraph 22 below, and Landlord may, without waiving its rights and remedies based
on such breach, and without releasing Tenant from any of its obligations, cause such liens to be released by any means it shall deem
proper, including payment in satisfaction of the claims giving rise to such liens. Tenant agrees to pay to Landlord within ten (10) days
after receipt of invoice from Landlord, any sum paid by Landlord to remove such liens, together with interest at the Interest Rate from
the date of such payment by Landlord. Tenant shall also indemnify each and all of the Landlord Indemnified Parties against any damages,
losses or costs arising out of any such mechanic’s, materialmen’s or other liens filed against all or any part of the Project,
Building or the Premises by reason of or in connection with any repairs, alterations, improvements or other work contracted for or undertaken
by Tenant or any other act or omission of Tenant or Tenant’s agents, employees, contractors, licensees or invitees.

 

    	6

    	 

    

 

16.
ENTRY BY LANDLORD. Landlord and its employees and agents will at all reasonable times have the right to enter the Premises to inspect
the same, to show the Premises to prospective purchasers or tenants, to post notices of non-responsibility, and/or to repair the Premises
as permitted or required by this Lease. In exercising such entry rights, Landlord will endeavor to minimize, as reasonably practicable,
the interference with Tenant’s business, and will provide Tenant with reasonable advance notice of any such entry (except in emergency
situations). Landlord will at all times have and retain a key with which to unlock all doors in the Premises, excluding Tenant’s
vaults and safes. Tenant shall not alter any lock or install any new or additional locks or bolts on any door of the Premises without
Landlord’s prior written consent and without providing Landlord with a key to all such locks. Except in the case of the gross negligence
or willful misconduct of Landlord, any entry to the Premises obtained by Landlord will not be construed or deemed to be a forcible or
unlawful entry into the Premises, or an eviction of Tenant from the Premises and Landlord will not be liable to Tenant for any damages
or losses resulting from any such entry.

 

17.
UTILITIES AND SERVICES.

 

(a)
Throughout the Term of this Lease, Tenant shall pay directly to the utility company providing such service all costs for water, gas,
heat, light, power, sewer, electricity, telephone and other services metered, chargeable or provided to the Premises. Landlord will not
be liable to Tenant for any failure to furnish any of the foregoing utilities and services if such failure is caused by all or any of
the following: (i) accident, breakage or repairs; (ii) strikes, lockouts or other labor disturbance or labor dispute of any character;
(iii) governmental regulation, moratorium or other governmental action or inaction; (iv) inability despite the exercise of reasonable
diligence to obtain electricity, water or fuel; or (v) any other cause beyond Landlord’s reasonable control. In addition, in the
event of any stoppage or interruption of services or utilities, Tenant shall not be entitled to any abatement or reduction of rent (except
as expressly provided in Subparagraph 20(f) or Subparagraph 21(b) if such failure results from a damage or taking described
therein), no eviction of Tenant will result from such failure and Tenant will not be relieved from the performance of any covenant or
agreement in this Lease because of such failure. In the event of any failure, stoppage or interruption thereof, Landlord agrees to diligently
attempt to resume service promptly.

 

(b)
The electricity for the Premises is currently in Landlord’s name. Tenant agrees to contact Rocky Mountain Power at (888) 221-7070
within ten (10) days from the date Tenant takes possession of the Premises and have the bill for electricity put into Tenant’s
name. Tenant shall reimburse Landlord for any interim charges actually billed to Landlord for electricity from the date Tenant takes
possession of the Premises until the date the bill is put into Tenant’s name. In the event Tenant fails to put the bill for electricity
in Tenant’s name within ten (10) days from the date Tenant takes possession of the Premises, Landlord shall have the right to contact
Rocky Mountain Power on the eleventh (11th) day after Tenant takes possession of the Premises and have the electricity for the Premises
turned off and Tenant shall be responsible for any additional costs incurred by Landlord plus an administration fee of Five Hundred Dollars
($500.00). Tenant hereby acknowledges that Tenant has the absolute responsibility to contact Rocky Mountain Power and have electrical
service put into Tenant’s name. In the event Tenant fails to put the bill for electrical service into Tenant’s name as required
hereinabove and Landlord has electrical service turned off, Tenant understands that there will be no electrical service to the Premises.
In such event, Tenant releases and holds Landlord harmless from any claims, demands, liabilities, damages, expenses, actions and causes
of action based on, arising out of, or related thereto. Tenant waives the right to additional notice of any kind from Landlord and/or
Rocky Mountain Power and specifically waives any rights or remedies provided by law.

 

18.
ASSUMPTION OF RISK AND INDEMNIFICATION.

 

(a)
Assumption of Risk. Tenant, as a material part of the consideration to Landlord, agrees that neither Landlord nor any Landlord
Indemnified Parties (as defined in Subparagraph 8(c) above) will be liable to Tenant for, and Tenant expressly assumes the risk
of and waives any and all claims it may have against Landlord or any Landlord Indemnified Parties with respect to, (i) any and all damage
to property or injury to persons in, upon or about the Premises, the Building or the Project resulting from the act or omission (except
for the grossly negligent or intentionally wrongful act or omission) of Landlord, (ii) any such damage caused by other tenants or persons
in or about the Building or the Project, or caused by quasi-public work, (iii) any damage to property entrusted to employees of the Building,
(iv) any loss of or damage to property by theft or otherwise, or (v) any injury or damage to persons or property resulting from any casualty,
explosion, falling plaster or other masonry or glass, steam, gas, electricity, water or rain which may leak from any part of the Building
or any other portion of the Project or from the pipes, appliances or plumbing works therein or from the roof, street or subsurface or
from any other place, or resulting from dampness. Neither Landlord nor any Landlord Indemnified Parties will be liable for consequential
damages arising out of any loss of the use of the Premises or any equipment, property or facilities therein by Tenant or any Tenant Parties
(as defined in Subparagraph 8(c) above) or for interference with light. Tenant agrees to give prompt notice to Landlord in case
of fire or accidents in the Premises or the Building, or of defects therein or in the fixtures or equipment.

 

(b)
Indemnification. Tenant will be liable for, and agrees, to the maximum extent permissible under applicable law, to promptly indemnify,
protect, defend and hold harmless Landlord and all Landlord Indemnified Parties, from and against, any and all claims, damages, judgments,
suits, causes of action, losses, liabilities, penalties, fines, expenses and costs, including attorneys’ fees and court costs (collectively,
“Indemnified Claims”), arising or resulting from (i) any act or omission of Tenant or any Tenant Parties; (ii) the
use of the Premises and Common Areas and conduct of Tenant’s business by Tenant or any Tenant Parties, or any other activity, work
or thing done, permitted or suffered by Tenant or any Tenant Parties, in or about the Premises, the Building or elsewhere within the
Project; and/or (iii) any default by Tenant of any obligations on Tenant’s part to be performed under the terms of this Lease.
In case any action or proceeding is brought against Landlord or any Landlord Indemnified Parties by reason of any such Indemnified Claims,
Tenant, upon notice from Landlord, agrees to promptly defend the same at Tenant’s sole cost and expense by counsel approved in
writing by Landlord, which approval Landlord will not unreasonably withhold.

 

(c)
Survival; No Release of Insurers. Tenant’s indemnification obligations under Subparagraph 18(b) will survive the
expiration or earlier termination of this Lease. Tenant’s covenants, agreements and indemnification obligation in Subparagraph
18(a) and Subparagraph 18(b) above, are not intended to and will not relieve any insurance carrier of its obligations under
policies required to be carried by Tenant pursuant to the provisions of this Lease.

 

    	7

    	 

    

 

19.
INSURANCE.

 

(a)
Tenant’s Insurance. Commencing on the date of final mutual execution and delivery of this Lease and continuing throughout
the entire Term hereof and any other period of occupancy, Tenant agrees to keep in full force and effect, at its sole cost and expense,
the insurance specified on Exhibit “E” attached hereto. Landlord reserves the right to require any other form or forms
of insurance as Tenant or Landlord or any mortgagees of Landlord may reasonably require from time to time in form, in amounts, and for
insurance risks against which, a prudent tenant would protect itself, but only to the extent coverage for such risks and amounts are
available in the insurance market at commercially acceptable rates. Landlord makes no representation that the limits of liability required
to be carried by Tenant under the terms of this Lease are adequate to protect Tenant’s interests and Tenant should obtain such
additional insurance or increased liability limits as Tenant deems appropriate.

 

(b)
Supplemental Tenant Insurance Requirements. All policies must be in a form reasonably satisfactory to Landlord and issued by an
insurer admitted to do business in the State. All policies must be issued by insurers with a policyholder rating of “A” and
a financial rating of “X” in the most recent version of Best’s Key Rating Guide. All policies must contain a requirement
to notify Landlord (and Landlord’s property manager and any mortgagees or ground lessors of Landlord who are named as additional
insureds, if any) in writing not less than thirty (30) days prior to any material change, reduction in coverage, cancellation or other
termination thereof. Tenant agrees to deliver to Landlord, prior to occupancy and within 10 days of each renewal, certificate(s) of insurance
including endorsements providing requested additional insured, primary and non-contributory, waiver of subrogation and notice of cancellation
and/or if required by Landlord, certified copies of each policy evidencing the existence of such insurance and Tenant’s compliance
with the provisions of this Paragraph 19. Tenant agrees to cause replacement policies or certificates to be delivered to Landlord
within 10 days of the expiration of any such policy or policies. If any such initial or replacement policies or certificates are not
furnished within the time(s) specified herein, Landlord will have the right, but not the obligation, to obtain such insurance as Landlord
deems necessary to protect Landlord’s interests at Tenant’s expense. Tenant’s insurance under Subparagraph 19(a)
above must name Landlord and Landlord’s property manager (and at Landlord’s request, Landlord’s mortgagees and
ground lessors of which Tenant has been informed in writing) as additional insureds and must also contain a provision that the insurance
afforded by such policy is primary insurance and any insurance carried by Landlord and Landlord’s property manager or Landlord’s
mortgagees or ground lessors, if any, will be excess over and non-contributing with Tenant’s insurance.

 

(c)
Waiver of Right of Recovery. Tenant and Landlord each assumes all risk with respect to damage to or theft of its respective property
located at the Premises and with respect to Tenant, interruption of its business and agrees to look solely to its own insurance in the
case of any damage to its property or and with respect to Tenant, interruption to its business. Landlord, Tenant, each waive any right
of recovery against the other and their respective agents, employees, contractors and managers for any loss or damage with respect to
its property, or the Premises or the Building. Failure of a party to insure shall not void this waiver. Any fire, extended coverage or
property insurance policy maintained by Tenant or Landlord shall contain a waiver of subrogation provision. The waivers of right or recovery
contained in this provision shall apply EVEN IF THE LOSS OR DAMAGE TO WHICH THIS PROVISION APPLIES IS CAUSED SOLELY OR IN PART BY THE
NEGLIGENCE OF LANDLORD OR TENANT.

 

(d)
Business Interruption. Landlord shall not be responsible for, and Tenant releases and discharges Landlord from, and Tenant
further waives any right of recovery from Landlord and its agents, employees, contractors and managers for, any loss for or from business
interruption or loss of use of the Premises or Property suffered by Tenant in connection with Tenant’s use or occupancy of the
Premises, EVEN IF SUCH LOSS IS CAUSED SOLELY OR IN PART BY THE NEGLIGENCE OF LANDLORD.

 

20.
DAMAGE OR DESTRUCTION.

 

(a)
Partial Destruction. If the Premises or the Building are damaged by fire or other casualty to an extent not exceeding twenty-five
percent (25%) of the full replacement cost thereof, and Landlord’s contractor reasonably estimates in a writing delivered to Landlord
and Tenant that the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such
damage within one hundred eighty (180) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to
cover the costs of such repairs, reconstruction and restoration (including proceeds from Tenant and/or Tenant’s insurance which
Tenant is required to deliver to Landlord pursuant to Subparagraph 20(d) below to cover Tenant’s obligation for the costs
of repair, reconstruction and restoration of any portion of the tenant improvements and any alterations for which Tenant is responsible
under this Lease), then Landlord agrees to commence and proceed diligently with the work of repair, reconstruction and restoration and
this Lease will continue in full force and effect.

 

(b)
Substantial Destruction. Any damage or destruction to the Premises or the Building which Landlord is not obligated to repair pursuant
to Subparagraph 20(a) above will be deemed a substantial destruction. In the event of a substantial destruction, Landlord may
elect to either: (i) repair, reconstruct and restore the portion of the Building or the Premises damaged by such casualty, in which case
this Lease will continue in full force and effect, subject to Tenant’s termination right contained in Subparagraph 20(c)
below; or (ii) terminate this Lease effective as of the date which is thirty (30) days after Tenant’s receipt of Landlord’s
election to so terminate.

 

(c)
Termination Rights. If Landlord elects to repair, reconstruct and restore pursuant to Subparagraph 20(b)(i) hereinabove,
and if Landlord’s contractor estimates that as a result of such damage, Tenant cannot be given reasonable use of and access to
the Premises within two hundred forty (240) days after the date of such damage, then either Landlord or Tenant may terminate this Lease
effective upon delivery of written notice to the other within ten (10) days after Landlord delivers notice to Tenant of its election
to so repair, reconstruct or restore; provided, however, Tenant shall have no right to terminate this Lease if Landlord can relocate
Tenant to other comparable Premises in the Building or the Project within one hundred eighty (180) days after the date of such damage.

 

(d)
Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant
agrees to immediately (i) notify Landlord thereof, and (ii) deliver to Landlord all property insurance proceeds received by Tenant with
respect to any tenant improvements installed by or at the cost of Tenant and any alterations, but excluding proceeds for Tenant’s
furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Paragraph
20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If for any reason (including Tenant’s
failure to obtain required insurance), Tenant fails to receive insurance proceeds covering the full replacement cost of any tenant improvements
and any alterations which are damaged, Tenant will be deemed to have self-insured the replacement cost of such items, and upon any damage
or destruction thereto, Tenant agrees to immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds
actually received by Landlord from Landlord’s or Tenant’s insurance with respect to such items.

 

    	8

    	 

    

 

(e)
Abatement of Rent. In the event of any damage, repair, reconstruction and/or restoration described in this Paragraph 20,
rent will be abated or reduced, as the case may be, from the date of such casualty in proportion to the degree to which Tenant’s
use of the Premises is impaired during such period of repair until such use is restored. Except for abatement of rent as provided hereinabove,
Tenant will not be entitled to any compensation or damages for loss of, or interference with, Tenant’s business or use or access
of all or any part of the Premises or for lost profits or any other consequential damages of any kind or nature, which result from any
such damage, repair, reconstruction or restoration.

 

(f)
Damage Near End of Term. Landlord and Tenant shall each have the right to terminate this Lease if any damage to the Premises or
the Building occurs during the last twelve (12) months of the Term of this Lease where Landlord’s contractor estimates in a writing
delivered to Landlord and Tenant that the repair, reconstruction or restoration of such damage cannot be completed within sixty (60)
days after the date of such casualty. If either party desires to terminate this Lease under this Subparagraph (f), it shall provide
written notice to the other party of such election within ten (10) days after receipt of Landlord’s contractor’s repair estimates.

 

(g)
Waiver of Termination Right. Landlord and Tenant agree that the foregoing provisions of this Paragraph 20 are to govern
their respective rights and obligations in the event of any damage or destruction and supersede and are in lieu of the provisions of
any applicable law, statute, ordinance, rule, regulation, order or ruling now or hereafter in force which provide remedies for damage
or destruction of leased premises.

 

21.
EMINENT DOMAIN.

 

(a)
Substantial Taking. If the whole of the Premises, or such part thereof as shall substantially interfere with Tenant’s use
and occupancy of the Premises, as contemplated by this Lease, is taken for any public or quasi-public purpose by any lawful power or
authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, either party will
have the right to terminate this Lease effective as of the date possession is required to be surrendered to such authority.

 

(b)
Partial Taking; Abatement of Rent. In the event of a taking of a portion of the Premises which does not substantially interfere
with Tenant’s use and occupancy of the Premises including any temporary taking of ninety (90) days or less, then, neither party
will have the right to terminate this Lease and Landlord will thereafter proceed to make a functional unit of the remaining portion of
the Premises (but only to the extent Landlord receives proceeds therefor from the condemning authority), and rent will be abated with
respect to the part of the Premises which Tenant is deprived of on account of such taking. Notwithstanding the immediately preceding
sentence to the contrary, if any part of the Building or the Project is taken (whether or not such taking substantially interferes with
Tenant’s use of the Premises), Landlord may terminate this Lease upon sixty (60) days’ prior written notice to Tenant if
Landlord also terminates the leases of the other tenants of the Building which are leasing comparably sized space for comparable lease
terms.

 

(c)
Condemnation Award. In connection with any taking of the Premises or the Building, Landlord will be entitled to receive the entire
amount of any award which may be made or given in such taking or condemnation, without deduction or apportionment for any estate or interest
of Tenant, it being expressly understood and agreed by Tenant that no portion of any such award will be allowed or paid to Tenant for
any so-called bonus or excess value of this Lease, and such bonus or excess value will be the sole property of Landlord. Tenant agrees
not to assert any claim against Landlord or the taking authority for any compensation because of such taking (including any claim for
bonus or excess value of this Lease); provided, however, if any portion of the Premises is taken, Tenant will have the right to recover
from the condemning authority (but not from Landlord) any compensation as may be separately awarded or recoverable by Tenant for the
taking of Tenant’s furniture, fixtures, equipment and other personal property within the Premises, for Tenant’s relocation
expenses, and for any loss of goodwill or other damage to Tenant’s business by reason of such taking.

 

22.
DEFAULTS AND REMEDIES.

 

(a)
Defaults. The occurrence of any one or more of the following events will be deemed a default by Tenant:

 

	 	(i)	The
    abandonment or vacation of the Premises by Tenant.
	 	 	 
	 	(ii)	The
    failure by Tenant to make any payment of rent or additional rent or any other rent required to be made by Tenant hereunder, as and
    when due, where such failure continues for a period of five (5) business days after written notice thereof from Landlord to Tenant
    (which notice shall be in lieu of, and not in addition to, any notice required by law).
	 	 	 
	 	(iii)	The
    failure by Tenant to observe or perform any of the express or implied covenants or provisions of this Lease to be observed or performed
    by Tenant, other than as specified in Subparagraph 22(a)(i) or Subparagraph 22(a)(ii) above, where such failure continues
    for a period of five (5) days after written notice thereof from Landlord to Tenant. If the nature of Tenant’s default is such
    that more than five (5) days are reasonably required for its cure, then Tenant will not be deemed to be in default if Tenant, with
    Landlord’s concurrence, commences such cure within such five (5) day period and thereafter diligently prosecutes such cure
    to completion.
	 	 	 
	 	(iv)	(A)
    The making by Tenant of any general assignment for the benefit of creditors; (B) the filing by or against Tenant of a petition to
    have Tenant adjudged a bankrupt or a petition for reorganization or arrangement under any law relating to bankruptcy (unless, in
    the case of a petition filed against Tenant, the same is dismissed within sixty (60) days); (C) the appointment of a trustee or receiver
    to take possession of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this Lease,
    where possession is not restored to Tenant within thirty (30) days; or (D) the attachment, execution or other judicial seizure of
    substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this Lease where such seizure
    is not discharged within thirty (30) days.

 

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(b)
Landlord’s Remedies; Termination. In the event of any default by Tenant, in addition to any other remedies available to
Landlord at law or in equity under applicable law, Landlord will have the immediate right and option to terminate this Lease and all
rights of Tenant hereunder. If Landlord elects to terminate this Lease then, to the extent permitted under applicable law, Landlord may
recover from Tenant: (i) the worth at the time of award of any unpaid rent which had been earned at the time of such termination; plus
(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 rent loss that Tenant proves could have been reasonably avoided; plus (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 rent loss
that Tenant proves could be reasonably avoided; plus (iv) any other amount necessary to compensate Landlord for all the detriment proximately
caused by Tenant’s failure to perform its obligations under this Lease or which, in the ordinary course of things, results therefrom
including, but not limited to: attorneys’ fees and costs; brokers’ commissions; the costs of refurbishment, alterations,
renovation and repair of the Premises, and removal (including the repair of any damage caused by such removal) and storage (or disposal)
of Tenant’s personal property, equipment, fixtures, alterations, the tenant improvements and any other items which Tenant is required
under this Lease to remove but does not remove, as well as the unamortized value of any free rent, reduced rent, free parking, reduced
rate parking and any tenant improvement allowance or other costs or economic concessions provided, paid, granted or incurred by Landlord
pursuant to this Lease. As used in Subparagraphs 22(b)(i) and Subparagraphs 22(b)(ii) above, the “worth at the time
of award” is computed by allowing interest at the Interest Rate. As used in Subparagraph 22(b)(iii) above, the “worth
at the time of award” is computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco
at the time of award plus one percent (1%).

 

(c)
Landlord’s Remedies; Re-Entry Rights. In the event of any default by Tenant, in addition to any other remedies available
to Landlord under this Lease, at law or in equity, Landlord will also have the right, with or without terminating this Lease, to re-enter
the Premises and remove all persons and property from the Premises; such property may be removed and stored in a public warehouse or
elsewhere and/or disposed of at the sole cost and expense of and for the account of Tenant in accordance with the provisions of Paragraph
13 of this Lease or any other procedures permitted by applicable law. No re-entry or taking possession of the Premises by Landlord
pursuant to this Subparagraph 22(c) will be construed as an election to terminate this Lease unless a written notice of such intention
is given to Tenant or unless the termination thereof is decreed by a court of competent jurisdiction.

 

(d)
Landlord’s Remedies; Re-Letting. If Landlord does not elect to terminate this Lease, Landlord may from time to time, without
terminating this Lease, either recover all rent as it becomes due or relet the Premises or any part thereof on terms and conditions as
Landlord in its sole and absolute discretion may deem advisable with the right to make alterations and repairs to the Premises in connection
with such reletting. If Landlord elects to relet the Premises, then rents received by Landlord from such reletting will be applied: first,
to the payment of any indebtedness other than rent due hereunder from Tenant to Landlord; second, to the payment of any cost of such
reletting; third, to the payment of the cost of any alterations and repairs to the Premises incurred in connection with such reletting;
fourth, to the payment of rent due and unpaid hereunder and the residue, if any, will be held by Landlord and applied to payment of future
rent as the same may become due and payable hereunder. Should that portion of such rents received from such reletting during any month,
which is applied to the payment of rent hereunder, be less than the rent payable during that month by Tenant hereunder, then Tenant agrees
to pay such deficiency to Landlord immediately upon demand therefor by Landlord. Such deficiency will be calculated and paid monthly.

 

(e)
Landlord’s Remedies; Performance for Tenant. All covenants and agreements to be performed by Tenant under any of the terms
of this Lease are to be performed by Tenant at Tenant’s sole cost and expense and without any abatement of rent. If Tenant fails
to pay any sum of money owed to any party other than Landlord, for which it is liable under this Lease, or if Tenant fails to perform
any other act on its part to be performed hereunder, and such failure continues for ten (10) days after notice thereof by Landlord, Landlord
may, without waiving or releasing Tenant from its obligations, but shall not be obligated to, make any such payment or perform any such
other act to be made or performed by Tenant. Tenant agrees to reimburse Landlord upon demand for all sums so paid by Landlord and all
necessary incidental costs, together with interest thereon at the Interest Rate, from the date of such payment by Landlord until reimbursed
by Tenant. This remedy shall be in addition to any other right or remedy of Landlord set forth in this Paragraph 22.

 

(f)
Late Payment. If Tenant fails to pay any installment of rent when due or if Tenant fails to make any other payment for which Tenant
is obligated under this Lease when due, such late amount will accrue interest at the Interest Rate until such amount is paid by Tenant
to Landlord. In addition, Tenant agrees to pay to Landlord concurrently with such late payment amount, as additional rent, a late charge
equal to ten percent (10%) of the amount due to compensate Landlord for the extra costs Landlord will incur as a result of such late
payment. Landlord and Tenant agree that such late charge represents a fair and reasonable estimate of the costs that Landlord will incur
by reason of any such late payment. Acceptance of any such interest and late charge will not constitute a waiver of the Tenant’s
default with respect to the overdue amount, or prevent Landlord from exercising any of the other rights and remedies available to Landlord.
If Tenant incurs a late charge more than three (3) times in any period of twelve (12) months during the Lease Term, then, notwithstanding
that Tenant cures the late payments for which such late charges are imposed, Landlord will have the right to require Tenant thereafter
to pay all installments of Monthly Base Rent quarterly in advance in the form of a cashier’s check throughout the remainder of
the Lease Term. Any payments of any kind returned for insufficient funds will be subject to an additional handling charge of $40.00,
and thereafter, Landlord may require Tenant to pay all future payments of rent or other sums due by money order or cashier’s check.

 

(g)
Rights and Remedies Cumulative. All rights, options and remedies of Landlord contained in this Lease will be construed and held
to be cumulative, and no one of them will be exclusive of the other, and Landlord shall have the right to pursue any one or all of such
remedies or any other remedy or relief which may be provided by law or in equity, whether or not stated in this Lease. Nothing in this
Paragraph 22 will be deemed to limit or otherwise affect Tenant’s indemnification of Landlord pursuant to any provision
of this Lease.

 

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23.
LANDLORD’S DEFAULT. Landlord will not be in default in the performance of any obligation required to be performed by Landlord
under this Lease unless Landlord fails to perform such obligation within thirty (30) days after the receipt of written notice from Tenant
specifying in detail Landlord’s failure to perform; provided however, that if the nature of Landlord’s obligation is such
that more than thirty (30) days are required for performance, then Landlord will not be deemed in default if it commences such performance
within such thirty (30) day period and thereafter diligently pursues the same to completion. Upon any default by Landlord, Tenant may
exercise any of its rights provided at law or in equity, subject to the limitations on liability set forth in Paragraph 35 of
this Lease.

 

24.
ASSIGNMENT AND SUBLETTING.

 

(a)
Restriction on Transfer. Except as otherwise expressly provided in this Paragraph 24, Tenant will not, either voluntarily or by
operation of law, assign or encumber this Lease or any interest herein or sublet the Premises or any part thereof, or permit the use
or occupancy of the Premises by any party other than Tenant (any such assignment, encumbrance, sublease or the like will sometimes be
referred to as a “Transfer”), without the prior written consent of Landlord, which consent Landlord will not unreasonably
withhold. For purposes of this Paragraph 24, if Tenant is a corporation, partnership or other entity, any transfer, assignment,
encumbrance or hypothecation of fifty percent (50%) or more (individually or in the aggregate) of any stock or other ownership interest
in such entity, and/or any transfer, assignment, hypothecation or encumbrance of any controlling ownership or voting interest in such
entity, will be deemed a Transfer and will be subject to all of the restrictions and provisions contained in this Paragraph 24;
provided, however, this provision will not apply to public corporations, the stock of which is traded through a public stock exchange
or over the counter system. Additionally, Tenant may assign this Lease to a wholly owned subsidiary of Tenant without Landlord’s
consent, provided that Tenant shall remain responsible for, and act as guarantor of, all the obligations and duties set forth in this
Agreement. Should Tenant assign this Lease to a wholly owned subsidiary, Tenant shall so advise Landlord of such assignment within five
(5) business days of such assignment.

 

(b)
Transfer Notice. If Tenant desires to effect a Transfer, then at least thirty (30) days prior to the date when Tenant desires
the Transfer to be effective (the “Transfer Date”), Tenant agrees to give Landlord a notice (the “Transfer
Notice”), stating the name, address and business of the proposed assignee, sublessee or other transferee (sometimes referred
to hereinafter as “Transferee”), reasonable information (including references) concerning the character, ownership,
and financial condition of the proposed Transferee, the Transfer Date, any ownership or commercial relationship between Tenant and the
proposed Transferee, and the consideration and all other material terms and conditions of the proposed Transfer, all in such detail as
Landlord may reasonably require.

 

(c)
Landlord’s Options. Within fifteen (15) days of Landlord’s receipt of any Transfer Notice, and any additional information
requested by Landlord concerning the proposed Transferee’s financial responsibility, Landlord will notify Tenant of its election
to do one of the following: (i) consent to the proposed Transfer subject to such reasonable conditions as Landlord may impose in providing
such consent; (ii) refuse such consent, which refusal shall be on reasonable grounds; or (iii) terminate this Lease as to all or such
portion of the Premises which is proposed to be sublet or assigned and recapture all or such portion of the Premises for reletting by
Landlord.

 

(d)
Additional Conditions. A condition to Landlord’s consent to any Transfer of this Lease will be the delivery to Landlord
of a true copy of the fully executed instrument of assignment, sublease, transfer or hypothecation, in form and substance reasonably
satisfactory to Landlord. Tenant agrees to pay to Landlord, as additional rent, all sums and other consideration payable to and for the
benefit of Tenant by the assignee or sublessee in excess of the rent payable under this Lease for the same period and portion of the
Premises. In calculating excess rent or other consideration which may be payable to Landlord under this paragraph, Tenant will be entitled
to deduct commercially reasonable third party brokerage commissions and attorneys’ fees and other amounts reasonably and actually
expended by Tenant in connection with such assignment or subletting if acceptable written evidence of such expenditures is provided to
Landlord. Notwithstanding anything herein to the contrary, no Transfer will release Tenant of Tenant’s obligations under this Lease
or alter the primary liability of Tenant to pay the rent and to perform all other obligations to be performed by Tenant hereunder. Landlord
may require that any Transferee remit directly to Landlord on a monthly basis, all monies due Tenant by said Transferee. Consent by Landlord
to one Transfer will not be deemed consent to any subsequent Transfer. In the event of default by any Transferee of Tenant or any successor
of Tenant in the performance of any of the terms hereof, Landlord may proceed directly against Tenant without the necessity of exhausting
remedies against such Transferee or successor. If Tenant effects a Transfer or requests the consent of Landlord to any Transfer (whether
or not such Transfer is consummated), then, upon demand, Tenant agrees to pay Landlord a non-refundable administrative fee of not less
than One Hundred Dollars ($100.00) and not more than Five Hundred Dollars ($500.00), plus Landlord’s reasonable attorneys’
fees.

 

25.
SUBORDINATION. Without the necessity of any additional document being executed by Tenant for the purpose of effecting a subordination,
and at the election of Landlord or any mortgagee or beneficiary with a deed of trust encumbering the Building and/or the Project, or
any lessor of a ground or underlying lease with respect to the Building, this Lease will be subject and subordinate at all times to:
(i) all ground leases or underlying leases which may now exist or hereafter be executed affecting the Building; and (ii) the lien of
any mortgage or deed of trust which may now exist or hereafter be executed for which the Building, the Project or any leases thereof,
or Landlord’s interest and estate in any of said items, is specified as security. Notwithstanding the foregoing, Landlord reserves
the right to subordinate any such ground leases or underlying leases or any such liens to this Lease. If any such ground lease or underlying
lease terminates for any reason or any such mortgage or deed of trust is foreclosed or a conveyance in lieu of foreclosure is made for
any reason, at the election of Landlord’s successor in interest, Tenant agrees to attorn to and become the tenant of such successor
in which event Tenant’s right to possession of the Premises will not be disturbed as long as Tenant is not in default under this
Lease. Tenant hereby waives its rights under any law which gives or purports to give Tenant any right to terminate or otherwise adversely
affect this Lease and the obligations of Tenant hereunder in the event of any such foreclosure proceeding or sale. Tenant covenants and
agrees to execute and deliver, upon demand by Landlord and in the form reasonably required by Landlord, any additional documents evidencing
the priority or subordination of this Lease and Tenant’s attornment agreement with respect to any such ground lease or underlying
leases or the lien of any such mortgage or deed of trust. If Tenant fails to sign and return any such documents within ten (10) days
of receipt, Tenant will be in default hereunder.

 

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26.
ESTOPPEL CERTIFICATE. Within ten (10) days following any written request which Landlord may make from time to time, Tenant agrees
to execute and deliver to Landlord an estoppel certificate, in Landlord’s standard form or as may reasonably be required by Landlord’s
lender. Landlord and Tenant intend that any statement delivered pursuant to this Paragraph 26 may be relied upon by any mortgagee,
beneficiary, purchaser or prospective purchaser of the Building or any interest therein. Tenant’s failure to deliver such statement
within such time will be conclusive upon Tenant (i) that this Lease is in full force and effect, without modification except as may be
represented by Landlord, (ii) that there are no uncured defaults in Landlord’s performance, and (iii) that not more than one (1)
month’s rent has been paid in advance. Without limiting the foregoing, if Tenant fails to deliver any such statement within such
ten (10) day period, Landlord may deliver to Tenant an additional request for such statement and Tenant’s failure to deliver such
statement to Landlord within ten (10) days after delivery of such additional request will constitute a default under this Lease. Tenant
agrees to indemnify and protect Landlord from and against any and all claims, damages, losses, liabilities and expenses (including attorneys’
fees and costs) attributable to any failure by Tenant to timely deliver any such estoppel certificate to Landlord as required by this
Paragraph 26.

 

27.
BUILDING PLANNING. If Landlord requires the Premises for use in conjunction with another suite or for other reasons connected with
the planning program for the Building or the Project, Landlord will have the right, upon thirty (30) days’ prior written notice
to Tenant, to move Tenant to other space in the Project of substantially similar size as the Premises, and with tenant improvements of
substantially similar age, quality and layout as then existing in the Premises. Any such relocation will be at Landlord’s cost
and expense, including the cost of providing such substantially similar tenant improvements (but not any furniture or personal property)
and Tenant’s reasonable moving, telephone installation and stationary reprinting costs. If Landlord so relocates Tenant, the terms
and conditions of this Lease will remain in full force and effect and apply to the new space, except that (a) a revised Exhibit “A”
will become part of this Lease and will reflect the location of the new space, (b) Paragraph 1 of this Lease will be amended
to include and state all correct data as to the new space, (c) the new space will thereafter be deemed to be the “Premises”,
and (d) all economic terms and conditions (e.g. rent, total Operating Expense Allowance, etc.) will be adjusted on a per square foot
basis based on the total number of rentable square feet of area contained in the new space. Landlord and Tenant agree to cooperate fully
with one another in order to minimize the inconvenience to Tenant resulting from any such relocation.

 

28.
RULES AND REGULATIONS. Tenant agrees to faithfully observe and comply with the “Rules and Regulations,” a copy of which
is attached hereto and incorporated herein by this reference as Exhibit “D,” and all reasonable and nondiscriminatory
modifications thereof and additions thereto from time to time put into effect by Landlord. Landlord will not be responsible to Tenant
for the violation or non-performance by any other tenant or occupant of the Building of any of the Rules and Regulations.

 

29.
MODIFICATION AND CURE RIGHTS OF LANDLORD’S MORTGAGEES AND LESSORS. Tenant, within ten (10) days after request therefor, agrees
to execute any reasonable amendments to this Lease which may be requested by any lender or ground lessor of the Project, provided any
such amendments do not increase the obligations of Tenant under this Lease or adversely affect the leasehold estate created by this Lease.
In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a
deed of trust or mortgage covering the Premises or ground lessor of Landlord whose address has been furnished to Tenant, and Tenant agrees
to offer such beneficiary, mortgagee or ground lessor a reasonable opportunity to cure the default (including with respect to any such
beneficiary or mortgagee, time to obtain possession of the Premises, subject to this Lease and Tenant’s rights hereunder, by power
of sale or a judicial foreclosure, if such should prove necessary to effect a cure).

 

30.
DEFINITION OF LANDLORD. The term “Landlord,” as used in this Lease, so far as covenants or obligations on the part of
Landlord are concerned, means and includes only the owner or owners, at the time in question, of the fee title of the Premises or the
lessees under any ground lease, if any. In the event of any transfer, assignment or other conveyance or transfers of any such title (other
than a transfer for security purposes only), Landlord herein named (and in case of any subsequent transfers or conveyances, the then
grantor) will be automatically relieved from and after the date of such transfer, assignment or conveyance of all liability as respects
the performance of any covenants or obligations on the part of Landlord contained in this Lease thereafter to be performed, so long as
the transferee assumes in writing all such covenants and obligations of Landlord arising after the date of such transfer. Landlord and
Landlord’s transferees and assignees have the absolute right to transfer all or any portion of their respective title and interest
in the Project, the Building, the Premises and/or this Lease without the consent of Tenant, and such transfer or subsequent transfer
will not be deemed a violation on Landlord’s part of any of the terms and conditions of this Lease.

 

31.
WAIVER. The waiver by either party of any breach of any term, covenant or condition herein contained will not be deemed to be a waiver
of any subsequent breach of the same or any other term, covenant or condition herein contained, nor will any custom or practice which
may develop between the parties in the administration of the terms hereof be deemed a waiver of or in any way affect the right of either
party to insist upon performance in strict accordance with said terms. The subsequent acceptance of rent or any other payment hereunder
by Landlord will not be deemed to be a waiver of any preceding breach by Tenant of any term, covenant or condition of this Lease, other
than the failure of Tenant to pay the particular rent so accepted, regardless of Landlord’s knowledge of such preceding breach
at the time of acceptance of such rent. No acceptance by Landlord of a lesser sum than the basic rent and additional rent or other sum
then due will be deemed to be other than on account of the earliest installment of such rent or other amount due, nor will any endorsement
or statement on any check or any letter accompanying any check be deemed an accord and satisfaction, and Landlord may accept such check
or payment without prejudice to Landlord’s right to recover the balance of such installment or other amount or pursue any other
remedy provided in this Lease. The consent or approval of Landlord to or of any act by Tenant requiring Landlord’s consent or approval
will not be deemed to waive or render unnecessary Landlord’s consent or approval to or of any subsequent similar acts by Tenant.

 

32.
PARKING. So long as this Lease is in effect and provided Tenant is not in default hereunder, Landlord grants to Tenant, Tenant’s
visitors and guests a non-exclusive license to use the parking areas which serve the Building subject to the terms and conditions of
this Paragraph 32. Tenant will not use or allow any of Tenant’s employees or guests to use any parking spaces which have
been specifically assigned by Landlord to other tenants or occupants or for other uses such as visitor parking or which have been designated
by any governmental entity as being restricted to certain uses. Landlord may assign any unreserved and unassigned parking spaces and/or
make all or any portion of such spaces reserved, if Landlord reasonably determines that it is necessary for orderly and efficient parking
or for any other reasonable reason. Landlord reserves the right from time to time to adopt other reasonable and non-discriminatory rules
and regulations for the parking facilities as it deems reasonably necessary for the operation of the parking facilities.

 

33.
FORCE MAJEURE. If either Landlord or Tenant is delayed, hindered in or prevented from the performance of any act required under this
Lease by reason of strikes, lock-outs, labor troubles, inability to procure standard materials, failure of power, restrictive governmental
laws, regulations or orders or governmental action or inaction (including failure, refusal or delay in issuing permits, approvals and/or
authorizations which is not the result of the action or inaction of the party claiming such delay), riots, civil unrest or insurrection,
war, fire, earthquake, flood or other natural disaster, unusual and unforeseeable delay which results from an interruption of any public
utilities (e.g., electricity, gas, water, telephone) or other unusual and unforeseeable delay not within the reasonable control of the
party delayed in performing work or doing acts required under the provisions of this Lease, then performance of such act will be excused
for the period of the delay and the period for the performance of any such act will be extended for a period equivalent to the period
of such delay. Notwithstanding the foregoing, the provisions of this Paragraph 33 will not operate to excuse Tenant from prompt
payment of rent or any other payments required under the provisions of this Lease.

 

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34.
SIGNS. Landlord has designated the location on the Premises, for two (2) city approved Tenant identification signs which location
is shown on Exhibit “H” attached hereto. Tenant has no right to install Tenant identification signs in any other location
in, on or about the Premises or the Project and will not display or erect any other signs, displays or other advertising materials that
are visible from the exterior of the Building or from within the Building in any interior or exterior common areas. The size, design,
color and other physical aspects of any and all permitted sign(s) will be subject to (i) Landlord’s written approval prior to installation,
which approval may be withheld in Landlord’s discretion, (ii) any covenants, conditions or restrictions and sign criteria governing
the Project, and (iii) any applicable municipal or governmental permits and approvals. The current sign criteria for the Project is shown
on Exhibit C attached hereto. Tenant will be solely responsible for all costs for installation, maintenance, repair and removal of any
Tenant identification sign(s). If Tenant fails to remove Tenant’s sign(s) upon termination of this Lease and repair any damage
caused by such removal, Landlord may do so at Tenant’s sole cost and expense. Tenant agrees to reimburse Landlord for all costs
incurred by Landlord to effect any installation, maintenance or removal on Tenant’s account, which amount will be deemed additional
rent, and may include, without limitation, all sums disbursed, incurred or deposited by Landlord including Landlord’s costs, expenses
and actual attorneys’ fees with interest thereon at the Interest Rate from the date of Landlord’s demand until paid by Tenant.
Any sign rights granted to Tenant under this Lease are personal to Tenant and may not be assigned, transferred or otherwise conveyed
to any assignee or subtenant of Tenant without Landlord’s prior written consent, which consent Landlord may withhold in its sole
and absolute discretion.

 

35.
LIMITATION ON LIABILITY. In consideration of the benefits accruing hereunder, Tenant on behalf of itself and all successors and assigns
of Tenant covenants and agrees that, in the event of any actual or alleged failure, breach or default hereunder by Landlord: (a) Tenant’s
recourse against Landlord for monetary damages will be limited to Landlord’s interest in the Building including, subject to the
prior rights of any Mortgagee, Landlord’s interest in the rents of the Building and any insurance proceeds payable to Landlord;
(b) except as may be necessary to secure jurisdiction of the partnership, no partner of Landlord shall be sued or named as a party in
any suit or action and no service of process shall be made against any partner, member, shareholder, officer or director of Landlord;
(c) no partner, member, shareholder, officer or director of Landlord shall be required to answer or otherwise plead to any service of
process; (d) no judgment will be taken against any partner, member, shareholder, officer or director of Landlord and any judgment taken
against any partner, member, shareholder, officer or director of Landlord may be vacated and set aside at any time after the fact; (e)
no writ of execution will be levied against the assets of any partner, member, shareholder, officer or director of Landlord; (f) the
obligations under this Lease do not constitute personal obligations of the individual partners, members, directors, officers or shareholders
of Landlord, and Tenant shall not seek recourse against the individual partners, members, directors, officers or shareholders of Landlord
or any of their personal assets for satisfaction of any liability in respect to this Lease; and (g) these covenants and agreements are
enforceable both by Landlord and also by any partner, member, shareholder, officer or director of Landlord.

 

36.
FINANCIAL STATEMENTS. Prior to the execution of this Lease by Landlord and at any time during the Term of this Lease upon ten (10)
days prior written notice from Landlord, Tenant agrees to provide Landlord with a current financial statement for Tenant and any guarantors
of Tenant and financial statements for the two (2) years prior to the current financial statement year for Tenant and any guarantors
of Tenant. Such statements are to be prepared in accordance with generally accepted accounting principles and, if such is the normal
practice of Tenant, audited by an independent certified public accountant.

 

37.
QUIET ENJOYMENT. Landlord covenants and agrees with Tenant that upon Tenant paying the rent required under this Lease and paying
all other charges and performing all of the covenants and provisions on Tenant’s part to be observed and performed under this Lease,
Tenant may peaceably and quietly have, hold and enjoy the Premises in accordance with this Lease.

 

38.
MISCELLANEOUS.

 

(a)
Conflict of Laws. This Lease shall be governed by and construed solely pursuant to the laws of the State of Utah, without giving
effect to choice of law principles thereunder.

 

(b)
Successors and Assigns. Except as otherwise provided in this Lease, all of the covenants, conditions and provisions of this Lease
shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors
and assigns.

 

(c)
Professional Fees and Costs. If either Landlord or Tenant should bring suit against the other with respect to this Lease, then
all costs and expenses, including without limitation, actual professional fees and costs such as appraisers’, accountants’
and attorneys’ fees and costs, incurred by the party which prevails in such action, whether by final judgment or out of court settlement,
shall be paid by the other party, which obligation on the part of the other party shall be deemed to have accrued on the date of the
commencement of such action and shall be enforceable whether or not the action is prosecuted to judgment. As used herein, attorneys’
fees and costs shall include, without limitation, attorneys’ fees, costs and expenses incurred in connection with any (i) post
judgment motions; (ii) contempt proceedings; (iii) garnishment, levy and debtor and third party examination; (iv) discovery; and (v)
bankruptcy litigation. Tenant agrees to pay all collection agency fees and attorneys’ fees charged to Landlord in connection with
any late payment or non-payment of rent or any other amounts due under this Lease including, without limitation, a fee of $75.00 for
the preparation of any demand for delinquent rent or any notice to pay rent or quit.

 

(d)
Terms and Headings. The words “Landlord” and “Tenant” as used herein shall include the plural as well
as the singular. Words used in any gender include other genders. The paragraph headings of this Lease are not a part of this Lease and
shall have no effect upon the construction or interpretation of any part hereof.

 

(e)
Time. Time is of the essence with respect to the performance of every provision of this Lease in which time of performance is
a factor.

 

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(f)
Prior Agreement; Amendments. This Lease constitutes and is intended by the parties to be a final, complete and exclusive statement
of their entire agreement with respect to the subject matter of this Lease. This Lease supersedes any and all prior and contemporaneous
agreements and understandings of any kind relating to the subject matter of this Lease. There are no other agreements, understandings,
representations, warranties, or statements, either oral or in written form, concerning the subject matter of this Lease. No alteration,
modification, amendment or interpretation of this Lease shall be binding on the parties unless contained in a writing which is signed
by both parties.

 

(g)
Separability. The provisions of this Lease shall be considered separable such that if any provision or part of this Lease is ever
held to be invalid, void or illegal under any law or ruling, all remaining provisions of this Lease shall remain in full force and effect
to the maximum extent permitted by law.

 

(h)
Recording. Neither Landlord nor Tenant shall record this Lease nor a short form memorandum thereof without the consent of the
other.

 

(i)
Counterparts. This Lease may be executed in one or more counterparts, each of which shall constitute an original and all of which
shall be one and the same agreement.

 

(j)
Nondisclosure of Lease Terms. Tenant acknowledges and agrees that the terms of this Lease are confidential and constitute proprietary
information of Landlord. Disclosure of the terms could adversely affect the ability of Landlord to negotiate other leases and impair
Landlord’s relationship with other tenants. Accordingly, Tenant agrees that it, and its partners, officers, directors, employees,
agents and attorneys, shall not disclose the terms and conditions of this Lease to any newspaper or other publication or any other tenant
or apparent prospective tenant of the Building or other portion of the Project, or real estate agent, either directly or indirectly,
without the prior written consent of Landlord, provided, however, that Tenant may disclose the terms to prospective subtenants or assignees
under this Lease. Notwithstanding the foregoing, Landlord acknowledges that Tenant will be required to file with the US Securities and
Exchange Commission (the “SEC”) a Current Report on Form 8-K disclosing the material terms of the Lease Agreement and to
file a copy of the Lease in Tenant’s next Quarterly Report on From 10-Q. Tenant shall file a redacted version of the Lease with
the SEC and shall allow Landlord the opportunity to review and comment on the redacted version to be filed with the SEC.

 

(k)
Non-Discrimination. Tenant acknowledges and agrees that there shall be no discrimination against, or segregation of, any person,
group of persons, or entity on the basis of race, color, creed, religion, age, sex, marital status, national origin, or ancestry in the
leasing, subleasing, transferring, assignment, occupancy, tenure, use, or enjoyment of the Premises, or any portion thereof.

 

(l)
Joint Product. This Lease is the result of arms-length negotiations between Landlord and Tenant and their respective attorneys.
Accordingly, neither party shall be deemed to be the author of this Lease and this Lease shall not be construed against either party.

 

39.
EXECUTION OF LEASE.

 

(a)
Joint and Several Obligations. If more than one person executes this Lease as Tenant, their execution of this Lease will constitute
their covenant and agreement that (i) each of them is jointly and severally liable for the keeping, observing and performing of all of
the terms, covenants, conditions, provisions and agreements of this Lease to be kept, observed and performed by Tenant, and (ii) the
term “Tenant” as used in this Lease means and includes each of them jointly and severally. The act of or notice from, or
notice or refund to, or the signature of any one or more of them, with respect to the tenancy of this Lease, including, but not limited
to, any renewal, extension, expiration, termination or modification of this Lease, will be binding upon each and all of the persons executing
this Lease as Tenant with the same force and effect as if each and all of them had so acted or so given or received such notice or refund
or so signed.

 

(b)
Tenant as Corporation or Partnership. If Tenant executes this Lease as a corporation or partnership, then Tenant and the persons
executing this Lease on behalf of Tenant represent and warrant that such entity is duly qualified and in good standing to do business
in Utah and that the individuals executing this Lease on Tenant’s behalf are duly authorized to execute and deliver this Lease
on its behalf, and in the case of a corporation, in accordance with a duly adopted resolution of the board of directors of Tenant, a
copy of which is to be delivered to Landlord on execution hereof, if requested by Landlord, and in accordance with the by-laws of Tenant,
and, in the case of a partnership, in accordance with the partnership agreement and the most current amendments thereto, if any, copies
of which are to be delivered to Landlord on execution hereof, if requested by Landlord, and that this Lease is binding upon Tenant in
accordance with its terms.

 

(c)
Examination of Lease. Submission of this instrument by Landlord to Tenant for examination or signature by Tenant does not constitute
a reservation of or option for lease, and it is not effective as a lease or otherwise until execution by and delivery to both Landlord
and Tenant.

 

40.
TELECOMMUNICATIONS LINES. Tenant shall be solely responsible for contacting the appropriate telephone company and contracting to
have telephone and data lines brought to the Premises and connected to Tenant’s telecommunications equipment. Tenant must obtain
prior written approval for the installation of all such lines from the management office. All work required in connection with the installation
of such telephone and data lines shall be done by licensed contractors that have been pre-approved in writing by the management office.
Tenant shall be solely responsible for any and all costs connected with the installation, maintenance and repair of any telephone and
data lines. In addition, Tenant shall be solely responsible for any monthly charge incurred relative to such telephone and data lines.
Once telephone and data lines have been installed and connected to the Premises, such lines shall, at Landlord’s election, become
the property of Landlord. In the event Tenant vacates the Premises or relocates or expands within the Project, Tenant shall discontinue
service to such lines but may NOT have the lines removed, re-routed or redirected for Tenant’s use without Landlord’s prior
consent.

 

41.
LEASE GUARANTY. Intentionally omitted.

 

    	14

    	 

    

 

42.
OFAC COMPLIANCE.

 

(a)
Certification. Tenant certifies, represents, warrants and covenants that:

 

	 	(i)	It
    is not acting and will not act, directly or indirectly, for or on behalf of any person, group, entity, or nation named by any Executive
    Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked Person”, or
    other banned or blocked person, entity, nation or transaction pursuant to any law, order, rule, or regulation that is enforced or
    administered by the Office of Foreign Assets Control; and
	 	 	 
	 	(ii)	It
    is not engaged in this transaction, directly or indirectly on behalf of, or instigating or facilitating this transaction, directly
    or indirectly on behalf of, any such person, group, entity or nation.

 

(b)
Indemnity. Tenant hereby agrees to defend (with counsel reasonably acceptable to Landlord), indemnify and hold harmless
Landlord and the Landlord Indemnified Parties from and against any and all Indemnified Claims arising from or related to any such breach
of the foregoing certifications, representations, warranties and covenants.

 

43.
INDUCEMENT RECAPTURE IN EVENT OF DEFAULT. Any agreement by Landlord for free or abated rent or other charges applicable to the Premises,
or for the giving or paying by Landlord to or for Tenant of any cash or other bonus, inducement or consideration for Tenant’s entering
into this Lease, including, but not limited to, any tenant finish allowance, all of which concessions are hereinafter referred to as
“Inducement Provisions” shall be deemed conditioned upon Tenant’s full and faithful performance of all of the terms,
covenants and conditions of this Lease to be performed or observed by Tenant during the term hereof as the same may be extended. Upon
the occurrence of an event of default under this Lease by Tenant, 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 Landlord under such an Inducement Provision shall be immediately due and payable by Tenant to Landlord, and recoverable
by Landlord, as additional rent due under this Lease, notwithstanding any subsequent cure of said event of default by Tenant. The acceptance
by Landlord of rent or the cure of the event of default which initiated the operation of this Paragraph shall not be deemed a waiver
by Landlord of the provisions of this Paragraph unless specifically so stated in writing by Landlord at the time of such acceptance.

 

[SIGNATURE
PAGE TO FOLLOW]

 

    	15

    	 

    

  

signature
page to lease

by
and between SLS INDUSTRIAL PORTFOLIO OWNER SLCP, LLC, a delaware limited liability company (“LANDLORD”) and

sintx
technologies, inc., a delaware corporation (“TENANT”)

 

IN
WITNESS WHEREOF, the parties have caused this Lease to be duly executed by their duly authorized representatives.

 

	TENANT:	 	LANDLORD:
	 	 	 
	SINTX
    TECHNOLOGIES, INC.,	 	SLS
    INDUSTRIAL PORTFOLIO OWNER SLCP, LLC,
	a
    Delaware corporation	 	a
    Delaware limited liability company
	 	                                           	 	 	                                                      
	By:
    	 	 	By:	 
	 	 	 	 	[***],
    Authorized Signatory
	Title:
    	 	 	 	
	 	 	 	 	 
	Date:
    _________________________, 2021	 	Date:
    _________________________, 2021

  

    	16

    	 

    

 

EXHIBIT
“A-I”

 

LOCATION
OF PREMISES

 

    	EXHIBIT “A-1”

    	 

    

 

EXHIBIT
“B”

 

WORK
LETTER

 

    	EXHIBIT “B-1”

    	 

    

 

CONTRACTOR’S
INSURANCE REQUIREMENTS

 

Exhibit
1 - Insurance

 

    	EXHIBIT “B-2”

    	 

    

 

EXHIBIT
“C”

 

SIGN
CRITERIA

 

    	EXHIBIT “C-1”

    	 

    

 

EXHIBIT
“D”

 

RULES
AND REGULATIONS

 

    	EXHIBIT “D-1”

    	 

    

 

EXHIBIT
“E”

 

TENANT’S
INSURANCE REQUIREMENTS

 

    	EXHIBIT “E-1”

    	 

    

  

EXHIBIT
“F”

 

FORM
OF ENVIRONMENTAL QUESTIONNAIRE

 

    	EXHIBIT “F”

    	 

    

  

EXHIBIT
“G”

 

		 	Phone:

    Fax:
	(949)
                                            261-2499

    (949)
    261-1186

 

TENANT
COMMENCEMENT CERTIFICATE

 

    	EXHIBIT “G”

    	 

    

 

APPROVED
TENANT IDENTIFICATION SIGNAGE EXHIBIT

 

    	EXHIBIT “H”EX-10.14

 Exhibit 10.14 

 

					
	[logo:] Scotiabank	  	 [stamp:] NOTARIA PAINO Av.

Aramburu 668 - Surquillo No. 4228811

KARDEX ENTRY TEL No.: 6185151
	  	
 1

		  	Chiclayo Financial Lease
		  	

 Notary: 
 Please issue in your
Register of Public Deeds, one for Financial Lease, which in accordance with Legislative Decree No. 299, its Regulations, amending rules and the provisions of this agreement, in entered into by, on the one hand, SCOTIABANK PERU S.A.A.,
with RUC (Registro Único de Contribuyentes [Unique Taxpayer Registry]) No. 20100043140, a company registered in the Record 11008578 of the Book of Companies of the Registry of Legal Entities of Lima, duly represented by the proxies
listed in Annex I, empowered with the powers registered in the Record 11008578 of the same Registry, with address in Av. Dionisio Derteano No. 102, San Isidro, hereinafter referred to as THE LESSOR; and, on the other hand, THE LESSEE, the data
of which are set out in Annex I to this agreement, under the following terms and conditions. 
 FIRST.- OF THE DEFINITIONS USED 

Without prejudice to the other capitalized definitions used in the text of this agreement, the parties agree that the following definitions shall have the
following meanings: 
  

	1.1	 FINAL ACCEPTANCE CERTIFICATE: It is the document by which THE LESSEE agrees with and accepts the WORKS received
from the CONSTRUCTOR, which will be issued in accordance with the provisions of Clause 5.1 of the FINANCIAL LEASE AGREEMENT. 

  

	1.2	 AFFILIATED: It is, with respect to a legal entity, any PERSON exercising EFFECTIVE CONTROL over it and the
other PERSONS on whom the legal entity also exercises an EFFECTIVE CONTROL. 

  

	1.3	 AUNA: It is Grupo de Salud del Perú S.A.C. 

 

	1.4	 GOVERNMENT AUTHORITY: It is any entity that exercises executive, legislative, regulatory or administrative
functions that correspond to government functions and exercise jurisdiction over the persons or matters in question. 

  

	1.5	 CHANGE IN CONTROL: means any event or series of events by which: (a) Enfoca SAFI no longer exercises for
any reason, directly or indirectly, the EFFECTIVE CONTROL over AUNA; or (b) AUNA no longer controls, directly or indirectly, 66.6% of the voting rights at the general meeting of shareholders of Oncosalud S.A.C. Upon termination of the
INTERNATIONAL LOAN AGREEMENT, there will be a CHANGE IN CONTROL in the case (b) that AUNA no longer controls for any reason, directly or indirectly 51% of the voting rights at the general meeting of shareholders of Oncosalud S.A.C.

  

	1.6	 CERTIFICATE OF FINAL COMPLETION: It is the document that will be issued by the WORKS SUPERVISOR, within ten
(10) calendar days of having validated the completion of the WORKS, under which he or she declares in favor of THE LESSOR, that (i) the WORKS has been correctly constructed, in accordance with the WORK SPECIFICATIONS and the CONSTRUCTION
CONTRACT; and, (ii) that the funds granted under this FINANCIAL LEASE AGREEMENT have been duly channeled as established in Annex I to this document. 

  

	1.7	 CLINIC: They are, together, the civil works that will be built within the framework of the WORKS financed by
this FINANCIAL LEASE AGREEMENT, as well as the acquisition and implementation of the MEDICAL EQUIPMENT under the EQUIPMENT FINANCIAL LEASE AGREEMENT, in order to be able to operate as an establishment dedicated to the provision of general health
services. 

  

	1.8	 STRUCTURING FEE: It is the fee that THE LESSEE must pay to THE LESSOR on the CLOSING DATE, equivalent to 1.00%
(one percent) of the AMOUNT OF CAPITAL FINANCED. 

  

	1.9	 PREPAYMENT FEE: It is the fee that THE LESSEE will pay to THE LESSOR equivalent to 2.00% (two percent) on the
amount to be prepaid, in addition to the cost of breach in funding, if applicable. 

  

	1.10	 FINANCIAL LEASE AGREEMENT: It is this contract signed between THE LESSOR and THE LESSEE. 

 

	1.11	 EQUIPMENT FINANCIAL LEASE AGREEMENT: It is the financial lease agreement that will be signed between THE LESSOR
and THE LESSEE, through which, THE LESSOR undertakes to acquire the MEDICAL EQUIPMENT and lease them in favor of THE LESSEE. 

  

	1.12	 ASSIGNMENT AGREEMENT: It is the assignment agreement signed between THE LESSOR and THE LESSEE, on the same date
on which this FINANCIAL LEASE AGREEMENT is signed, by means of which THE LESSEE assigns in favor of THE LESSOR thirty percent (30%) of the COLLECTION RIGHTS, in order to guarantee the due and faithful fulfillment of the obligations assumed by THE
LESSEE under the FINANCING DOCUMENTS. Likewise, THE LESSEE, through such ASSIGNMENT OF RIGHTS, undertakes to comply with a minimum Debt Coverage Ratio of 1.00x in the years 2021 and 2022 and 1.20x in the years 2023 to 2027, as established in the
ASSIGNMENT AGREEMENT. 

  

							
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		  		  	Chiclayo Financial Lease

  

	1.13	 PARKING SPACE MORTGAGE AGREEMENT: It is the mortgage agreement signed between THE LESSOR and THE LESSEE, on the
same date on which this FINANCIAL LEASE AGREEMENT is signed, by means of which THE LESSEE grants first and preferential mortgage guarantee on the PARKING SPACES in favor of THE LESSOR, in order to guarantee the due and faithful fulfillment of the
obligations assumed by THE LESSEE under the FINANCIAL LEASE AGREEMENT. 

  

	1.14	 LAND MORTGAGE AGREEMENT: It is the mortgage agreement signed between THE LESSOR and THE LESSEE, on the same
date on which this FINANCIAL LEASE AGREEMENT is signed, by means of which THE LESSEE grants first and preferential mortgage guarantee on the LAND in favor of THE LESSOR, in order to guarantee the due and faithful fulfillment of the obligations
assumed by THE LESSEE under the FINANCIAL LEASE AGREEMENT. 

  

	1.15	 MORTGAGE AGREEMENTS: They are, together, the PARKING SPACE MORTGAGE AGREEMENT and the LAND MORTGAGE AGREEMENT.

  

	1.16	 CONSTRUCTION CONTRACT: It is the contract entered into by and between THE LESSEE and the CONSTRUCTOR for the
construction of the WORKS, as well as its first, second and third addendum signed simultaneously to this document, by means of which THE LESSEE assigns in favor of THE LESSOR certain rights and obligations under said contract. 

 

	1.17	 SURFACE USE AGREEMENT: It is the contract of incorporation of a surface right signed between THE LESSOR and THE
LESSEE, on the same date on which this FINANCIAL LEASE AGREEMENT is signed, by means of which THE LESSEE constitutes a real right to use a surface on the LAND in favor of THE LESSOR. 

 

	1.18	 GUARANTOR AGREEMENTS: They are, together, the MORTGAGE AGREEMENTS and the ASSIGNMENT AGREEMENT.

  

	1.19	 EFFECTIVE CONTROL: It is the control exercised by a PERSON over a person or legal entity: (a) when,
through direct or indirect ownership of shares or holdings, usufruct, pledge, collateral pledge, trust agreements or the like, agreements with other shareholders or partners or other acts of any nature, he or she can exercise more than fifty per
cent (50%) of the voting rights at the general meeting of shareholders or partners; or, (b) when without having more than fifty per cent (50%) of the voting rights at the general meeting of shareholders or partners, he or she may designate or
remove most members of its board, or if there is no board, its principal manager or executive. 

  

	1.20	 CONSTRUCTOR: It is Estremadoyro y Fassioli Contratistas Generales S.A. identified with RUC (Registro
Único de Contribuyentes [Unique Taxpayer Registry]) No. 20100348501, contractor chosen by THE LESSEE, who will be in charge of the construction of the WORKS that will be owned by THE LESSOR. 

 

	1.21	 INTERNATIONAL LOAN AGREEMENT: It is the loan agreement dated December 21, 2018, signed by Auna Colombia
S.A.S., under which it has assumed monetary obligations with Citibank N.A. and Banco Santander, S.A. for up to the sum of USD 110,000,000.00 (One hundred ten million and 00/100 Dollars). 

 

	1.22	 PAYMENT SCHEDULE: It is the schedule describing the amount of each of the FEES, as well as the BALLOON FEE,
which must be paid by THE LESSEE on each PAYMENT DATE and which is included as Annex II to this FINANCIAL LEASE AGREEMENT. The PAYMENT SCHEDULE listed as Annex II is a reference, since it has been prepared considering the total DISBURSEMENT of the
AMOUNT OF CAPITAL FINANCED, and can be modified by THE LESSOR on the DATE OF ACTIVATION. In the event that the DATE OF ACTIVATION occurs before the expiration of the GRACE PERIOD, the PAYMENT SCHEDULE must reflect said GRACE PERIOD.

  

	1.23	 FEE: It is each of the sixty (60) equal and consecutive monthly fees, as well as the BALLOON FEE, which
must be paid by THE LESSEE in favor of THE LESSOR, as consideration for the financial lease of the WORKS, on each DATE OF PAYMENT. 

  

	1.24	 BALLOON FEE: It is the equivalent to thirty percent (30%) of the AMOUNT OF CAPITAL FINANCED, which will be paid
by THE LESSEE to THE LESSOR on the DATE OF PAYMENT of the last FEE. 

  

	1.25	 COLLECTION RIGHTS: These are the collection rights held by THE LESSEE over 100% (one hundred per cent) of the
revenue generated by the CLINIC, once it starts its operations. 

  

							
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		  		  	Chiclayo Financial Lease

  

	1.26	 DISBURSEMENT: It is any sum actually paid by THE LESSOR in favor of THE LESSEE, including any payment related
to the construction of the WORKS, in execution of this FINANCIAL LEASE AGREEMENT. The total sum of DISBURSEMENTS may in no case be greater than the AMOUNT OF CAPITAL FINANCED. 

 

	1.27	 BUSINESS DAY: It is each of the five (5) days of the week, which start on Monday and end on Friday, except
holidays or non-working days, in which all banks operating in the city of Lima are open, assisting the general public, in their main offices. 

 

	1.28	 FINANCING DOCUMENTS: They are, together (i) the FINANCIAL LEASE AGREEMENT, (ii) the EQUIPMENT
FINANCIAL LEASE AGREEMENT; (iii) the MORTGAGE AGREEMENTS; (iv) the ASSIGNMENT AGREEMENT; and (iv) the SURFACE USE AGREEMENT. 

  

	1.29	 SUBSTANTIALLY ADVERSE EFFECT: It is any act, fact or circumstance that, in the reasonable opinion of THE
LESSOR, generates an adverse effect or impairment that substantially affects: (a) the business, operations, financial condition, ability to pay or assets of THE LESSEE or of its SUBSIDIARIES, including but not limited to, filing disputes,
legal, arbitral, administrative actions, precautionary measures or foreclosures on any of its assets and to the notification of any action, investigation or judicial, arbitral or administrative proceedings against it; or, (b) the legality,
validity, duration, claimability or enforceability of this FINANCIAL LEASE AGREEMENT or the other FINANCING DOCUMENTS, or the obligations generated therefrom, or the rights or actions of THE LESSOR. 

 

	1.30	 EVENT OF DEFAULT: It has the meaning given to said term in the Twenty-Fifth Clause of the FINANCIAL LEASE
AGREEMENT. 

  

	1.31	 SUBSTANTIALLY ADVERSE EVENT: It is any fact or circumstance that, in the reasonable opinion of THE LESSOR,
substantially changes in an adverse manner the conditions of the national or international capital and/or financial market and/or financial conditions, the political, economic, legal, foreign exchange, local and/or international banking conditions
and/or the political and/or economic situation of the Republic of Peru, in such a way that it affects the capacity and/or modifies the financial conditions of THE LESSEE to obtain the necessary funds to meet its obligations under this financial
lease in the terms set out in the FINANCING DOCUMENTS. 

  

	1.32	 MEDICAL EQUIPMENT: It shall have the meaning given to such term in the EQUIPMENT LEASE AGREEMENT.

  

	1.33	 PARKING SPACES: It is the property located in Avenida Mariscal Nieto No. 480, Campodónico Corner,
District and Province of Chiclayo; Department of Lambayeque, which is registered in Electronic Record No. 11099471 of the Real Estate Registry Office of the Registration District No. II—Chiclayo Headquarters—Registration Office of
Chiclayo, in which the parking spaces of the CLINIC will be located. 

  

	1.34	 DATE OF ACTIVATION: It will be the date on which (i) all the DISBURSEMENTS for the construction of the
WORKS are consolidated; (ii) the AVAILABILITY PERIOD has ended; (iii) THE LESSEE has granted the FINAL ACCEPTANCE CERTIFICATE to THE LESSOR; and/or (iv) the WORKS SUPERVISOR has issued the CERTIFICATE OF FINAL COMPLETION. The DATE OF
ACTIVATION will occur, even if the conditions set out above have not been met, on the expiration date of the twenty-four (24) month term counted as from the CLOSING DATE. 

 

	1.35	 CLOSING DATE: This is the date on which the FINANCING DOCUMENTS have been signed. 

 

	1.36	 DATES OF DISBURSEMENT: These are the dates on which THE LESSOR makes the DISBURSEMENTS in favor of THE LESSEE.

  

	1.37	 PAYMENT DATES: These are the dates on which THE LESSEE must pay each of the FEES and any other amounts owed
under this FINANCIAL LEASE AGREEMENT in favor of THE LESSOR. 

  

	1.38	 WORKS PROGRESS REPORT: It is the document issued by the WORKS SUPERVISOR, on a monthly basis for the purpose of
certifying that: (i) there is correspondence between the amounts disbursed by THE LESSOR to THE LESSEE and the amount actually invested for the execution of the WORKS; (ii) the construction of the WORKS is progressing in accordance with
the provisions of the WORK SPECIFICATIONS and the CONSTRUCTION CONTRACT; and, (iii) there are no overruns in the WORKS. The WORKS PROGRESS REPORT must be issued within seven (7) calendar days following the respective REQUEST FOR WORK
PROGRESS APPRAISAL. 

  

							
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		  		  	Chiclayo Financial Lease

  

	1.39	 INTEREST: These are the interest, fees, expenses and any sum or expenditure in addition to the AMOUNT OF
CAPITAL FINANCED included in the fess of the financial lease. 

  

	1.40	 LEASING VALLESUR: It is (i) the financial lease agreement to be signed between THE LESSEE and THE LESSOR
for the construction of the towers of the Vallesur clinic; and, (ii) the medical equipment financial lease agreement in order to equip the Vallesur clinic in the department of Arequipa, Peru. 

 

	1.41	 APPLICABLE LAWS: They are the laws, decrees, legal rules of any rank, hierarchy and nature applicable in the
Republic of Peru, or decisions of any GOVERNMENT AUTHORITY, as they may be interpreted or modified in the future. 

  

	1.42	 WORK SPECIFICATIONS: It is the document containing the description of the WORKS that will be built in
accordance with the CONSTRUCTION CONTRACT, the execution of which will be carried out by the CONSTRUCTOR. The WORK SPECIFICATIONS are included as Annex VI to this AGREEMENT. 

 

	1.43	 AMOUNT OF CAPITAL FINANCED: This is the approved amount of financing under this FINANCIAL LEASE AGREEMENT of up
to S/ 70,000,000.00 (Seventy Million and 00/100 SOLES). The AMOUNT OF FINANCED CAPITAL will be effectively determined on the DATE OF ACTIVATION, depending on the VALUE OF THE WORKS. 

 

	1.44	 WORKS: It is the civil construction to be built on the LAND, the characteristics of which are described in the
WORK SPECIFICATIONS that is inserted as part of Annex VI. 

  

	1.45	 PARTIES: They are, together, THE LESSOR and THE LESSEE. 

 

	1.46	 AVAILABILITY PERIOD: It is the period during which THE LESSEE may request DISBURSEMENTS from THE LESSOR, which
will be fifteen (15) months from the CLOSING DATE. In the case that the AVAILABILITY PERIOD is extended by THE LESSOR, the GRACE PERIOD will be reduced proportionately. 

 

	1.47	 GRACE PERIOD: This is the term during which THE LESSEE shall not make capital payments, which shall be nine
(9) months counted as from the expiration of the AVAILABILITY PERIOD. The AVAILABILITY PERIOD and the GRACE PERIOD may not exceed, together, the term of twenty-four (24) months counted as from the CLOSING DATE. 

 

	1.48	 ALL-RISK INSURANCE POLICY: it is the
all-risk insurance policy that must be contracted by THE LESSEE in accordance with the provisions of section number 21.4 of this FINANCIAL LEASE AGREEMENT. 

 

	1.49	 CAR INSURANCE POLICY: it is the Construction All Risk policy that must be contracted by THE LESSEE for
the entire term of the WORKS, in order to insure material damages and civil liability in the WORKS. 

  

	1.50	 INSURANCE POLICIES: These are: (i) the ALL-RISK INSURANCE POLICY;
and (ii) the CAR INSURANCE POLICY. The INSURANCE POLICIES may be contracted by THE LESSEE in order to keep the WORKS insured during construction and subsequent to the conclusion thereof, as established in the Twenty-First Clause of the
FINANCIAL LEASE AGREEMENT. 

  

	1.51	 TERM: It has the meaning attributed to it in section number 3.4 of this FINANCIAL LEASE AGREEMENT.

  

	1.52	 SOLES: It is the legal tender in the Republic of Peru. 

 

	1.53	 REQUEST FOR DISBURSEMENT: It is the request for disbursement to be made by THE LESSEE to THE LESSOR for the
realization of the DISBURSEMENTS, in accordance with the rules and requirements of this FINANCIAL LEASE AGREEMENT, according to the form included as Annex IV. 

 

	1.54	 REQUEST FOR WORK PROGRESS APPRAISAL: It is the request that THE LESSEE will submit to the WORKS SUPERVISOR for
the issuance of the respective WORKS PROGRESS REPORT. 

  

	1.55	 SUBSIDIARY: It is, with respect to a legal entity: (i) any legal entity which shares representing the
share capital or equity interest are owned by the legal entity in a percentage greater than 50% (fifty per cent), either directly or through another SUBSIDIARY; and, (ii) any legal entity over which it exercises EFFECTIVE CONTROL, as well as
its SUBSIDIARIES. 

  

	1.56	 WORKS SUPERVISOR: It is the Engineer Fidel Ortiz Zapata, or the individual or company that replaces him, after
authorization of THE LESSOR, who will carry out the supervision and appraisal of the WORKS, as well as the use of the DISBURSEMENTS, for the benefit of THE LESSOR as indicated in this FINANCIAL LEASE AGREEMENT. It is established that the functions
of the WORKS SUPERVISOR as set out in this AGREEMENT are independent of the other functions of supervision of the WORKS that will be maintained under the responsibility of the supervisor appointed by THE LESSEE, that is, Thiessen Dirección de
Proyectos. 

  

							
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		  		  	Chiclayo Financial Lease

  

	1.57	 LAND: It is the land located on the corner of Avenida Mariscal Nieto No. 480, Campodónico Corner,
District and Province of Chiclayo; Department of Lambayeque, which is registered in Electronic Record No. 11099472 of the Real Estate Registry Office of the Registration District No. II—Chiclayo Headquarters—Registration Office of
Chiclayo, owned by THE LESSEE, where the WORKS will be built. 

  

	1.58	 VALUE OF THE WORKS: It is the value of the WORKS, including all expenses incurred by THE LESSOR in connection
with its construction and availability, net of the General Sales Tax, determined by the sum of all DISBURSEMENTS made as of the DATE OF ACTIVATION. 

Unless expressly stated otherwise or the context so requires, the following rules shall be observed in the interpretation of this FINANCIAL LEASE AGREEMENT:

  

	(i)	 The singular includes the plural and vice versa. 

 

	(ii)	 Reference to any gender includes the other gender. 

 

	(iii)	 Reference to any agreement (including this FINANCIAL LEASE AGREEMENT and its Annexes), document or instrument
is understood to be made to such contract, document or instrument, as may be amended or regulated from time to time, in accordance with the terms contained in each of them and, if applicable, in accordance with the terms contained in this FINANCIAL
LEASE AGREEMENT. 

  

	(iv)	 Unless the context requires an interpretation to the contrary, the reference to any Clause, Section or Annex
means that Clause, Section or Annex to this FINANCIAL LEASE AGREEMENT. 

  

	(v)	 “Including” (and consequently “includes”, “included” or “even”) means
that it involves everything indicated immediately after, without limiting the generality of the description preceding the use of such term. 

  

	(vi)	 Titles that head the Clauses of the Agreement are only as a reference and will not be taken into account for
the interpretation of its content and scopes. 

  

	(vii)	 Any reference to “PARTY” or “PARTIES” in this FINANCIAL LEASE AGREEMENT shall be understood
as made to a party or the parties to this FINANCIAL LEASE AGREEMENT, as the case may be. 

  

	(viii)	 Any enumeration or list of concepts where the disjunctive conjunction “or” exists includes some or
all the elements of such enumeration or list; and any enumeration or list of concepts where the coordinating conjunction “and” exists includes each and every element of such enumeration. 

SECOND.- OF THE BACKGROUND 
  

	2.1	 THE LESSEE is a closely held corporation incorporated and in force in accordance with the APPLICABLE LAWS,
whose corporate purpose is the provision of general health services, which requires financing for the construction of the WORKS. 

  

	2.2	 THE LESSEE declares to be the owner of the LAND, and that there are no liens and encumbrances of any kind on
it, except for the surface right and the mortgage constituted in favor of THE LESSOR under the SURFACE USE AGREEMENT and the MORTGAGE AGREEMENT, respectively. 

 

	2.3	 Through Public Deed signed simultaneously to that originated herein, THE LESSEE and THE LESSOR entered into the
SURFACE USE AGREEMENT, through which, THE LESSEE establishes the surface right on the LAND in favor of THE LESSOR., in order to sign this FINANCIAL LEASE AGREEMENT. 

 

	2.4	 By express instructions from THE LESSEE, the construction of the WORKS, which consists of various civil works,
installations, building finishing and other constructions on the LAND, as described in the WORK SPECIFICATIONS and the WORK CONTRACT, has been contracted to the CONSTRUCTOR. 

 

	2.5	 As a result of the above, THE LESSOR will acquire the WORKS, to give it to THE LESSEE on financial lease, under
the conditions and stipulations contained in this FINANCIAL LEASE AGREEMENT. In this way, the WORKS will be the exclusive property of THE LESSOR. The WORKS does not include the LAND on which it will be built, which remains owned by THE LESSEE, and
on which THE LESSEE has granted in favor of THE LESSOR a surface right under the SURFACE USE AGREEMENT, as well as a mortgage as established in the LAND MORTGAGE AGREEMENT. 

  

							
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 THIRD.- FINANCIAL LEASE 

 

	3.1	 THE LESSOR, in accordance with its by-laws and the APPLICABLE LAWS, is
authorized to enter into this FINANCIAL LEASE AGREEMENT, at the request of THE LESSEE, for the construction of the WORKS and its subsequent financial lease in favor of THE LESSEE. 

 

	3.2	 This FINANCIAL LEASE AGREEMENT is concluded in accordance with Legislative Decree No. 299, Supreme Decree
No. 559-84-EFC, Law No. 27394, Legislative Decree No. 915 and the other APPLICABLE LAWS. 

 

	3.3	 THE LESSEE has requested THE LESSOR the financial lease of the WORKS to be built by the CONSTRUCTOR selected
and chosen by THE LESSEE, which will be intended to be used as a clinic dedicated to the provision of health services in general. Based on the foregoing, THE LESSOR grants in financial lease and THE LESSEE takes in such condition, the WORKS.

 The characteristics, details appraisal, period of execution and other of the WORKS, are described in the WORK
SPECIFICATIONS and/or the CONSTRUCTION CONTRACT. It is stated for the record that the goods to be supplied by third parties that will be included as integral parts of the WORKS are also object of the FINANCIAL LEASE AGREEMENT. 

 

	3.4	 The TERM of the financial lease subject matter of this FINANCIAL LEASE AGREEMENT is of up to seven
(7) years counted for both PARTIES. The term indicated above will start on the date on which THE LESSOR makes the first DISBURSEMENT and will end on the date corresponding to the payment of the last FEE, as stated in the PAYMENT SCHEDULE.

  

	3.5	 THE LESSEE grants the GUARANTOR AGREEMENTS in favor of THE LESSOR, in order to guarantee the due and faithful
fulfillment of each and every one of the obligations assumed by THE LESSEE to THE LESSOR under the FINANCING DOCUMENTS. 

FOURTH.- OF THE CHOICE, LICENSES AND PERMITS FOR THE WORKS 
  

	4.1	 THE LESSEE, in exercise of the inalienable right established in Article 5 of Legislative Decree No. 299,
has identified the WORKS as the good it wishes to receive from THE LESSOR on financial lease, also declaring that it meets the desired specifications and characteristics. Accordingly, it is the sole responsibility of THE LESSEE that the WORKS is
suitable for the use that it intends to give thereto established in Clause 3.3 of this document. 

  

	4.2	 Likewise, THE LESSEE declares (i) its full consent and conformity on the terms and conditions of the
CONSTRUCTION CONTRACT and the WORK SPECIFICATIONS, as well as its acceptance with respect to the specifications established in Annex I to this document; and, (ii) its acceptance that the WORKS is to be built by the CONSTRUCTOR in favor of THE
LESSOR, so that in turn the latter can give it on financial lease to THE LESSEE. 

 Without prejudice to the foregoing, the
PARTIES hereby state for the record that it is the intention of THE LESSEE to make a change in the facade of the WORKS, which will imply a modification of the WORK SPECIFICATIONS. In this case, it will be necessary to enter into an addendum to the
WORK CONTRACT in order to make the necessary modifications to the WORK SPECIFICATIONS, to the satisfaction of THE LESSOR. In addition, THE LESSEE may request from THE LESSOR the necessary funds to make such change of facade, which will be granted by
THE LESSEE provided that (i) according to the partial appraisals made of the WORKS, the VALUE OF THE WORKS does not exceed the AMOUNT OF CAPITAL FINANCED; and, (ii) the total number of DISBURSEMENTS granted to THE LESSEE under this
FINANCIAL LEASE AGREEMENT (including the DISBURSEMENT requested to make the facade change) do not jointly exceed the AMOUNT OF CAPITAL FINANCED. The PARTIES agree that, if the conditions set out in the preceding paragraph are not met, the expenses
will be borne by THE LESSEE, and a security deposit must be made to the BANK for the total amount that such additional expenses represent. 
  

	4.3	 Pursuant to the provisions of the preceding paragraphs, THE LESSOR grants the WORKS on financial lease in favor
of THE LESSEE, which specifications have been indicated to it in the WORK SPECIFICATIONS and in the CONSTRUCTION CONTRACT. 

  

	4.4	 By virtue of the constitution of the surface right granted by THE LESSEE in favor of THE LESSOR, in accordance
with the terms of the SURFACE USE AGREEMENT, THE LESSOR is entitled to hold ownership over the WORKS, so that there may be an owner of the WORKS other than the owner of the LAND, as provided for in Article 1030 of the Civil Code.

 In this way, when this FINANCIAL LEASE AGREEMENT refers to the WORKS, said term is understood to refer only to the
construction that will be the exclusive property of THE LESSOR on or under the LAND, excluding the LAND, which remains owned by THE LESSEE. 

THE LESSEE expresses its full consent and agreement on the terms of acquisition and execution of the WORKS, as well as with the description,
characteristics and specifications of the WORKS set out in this FINANCIAL LEASE AGREEMENT. 

  

							
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	4.5	 THE LESSEE irrevocably undertakes before THE LESSOR, jointly and severally with the CONSTRUCTOR, to regularize
and obtain all the licenses, authorizations, permits and other documents necessary before the corresponding authorities for the construction of the WORKS, including without limitation, the licenses, authorizations and permits listed in Annex VII of
this document, which it declares to have obtained as of the date of this document. 

  

	4.6	 In addition, THE LESSEE irrevocably undertakes, together with the CONSTRUCTOR, to carry out all the relevant
formalities for the purpose of delivering to THE LESSOR, at the end of the execution of the works, the Public Deed of Construction Declaration of the WORKS issued in the name of THE LESSOR, within the term of one hundred eighty (180) calendar
days from the issuance of the CERTIFICATE OF FINAL COMPLETION, in the name of THE LESSOR, and the respective Proof of Registration of the Construction Declaration in the Land Registry (formerly the Real Estate Registry Office), within ninety
(90) calendar days of obtaining the Construction Declaration. Such terms may be extended for similar additional terms in the event that the competent authorities have submitted observations that are in the process of being corrected, prior
approval of THE LESSOR, which may not be unreasonably denied and provided that THE LESSEE has made its best efforts and there is no cause attributable to THE LESSEE with respect to the delay in obtaining the Construction Declaration.

  

	4.7	 Without prejudice to the provisions of the preceding paragraph, both parties undertake to sign all public and
private documents, as well as affidavits and requests, which are necessary for the processing, renewal and/or obtaining of any permit or license before the respective District or Metropolitan Municipality, as well as before any governmental body, or
administrative entity for the granting of the Construction Declaration, in favor of THE LESSOR. 

 FIFTH.- OF THE DELIVERY OF
THE WORKS 
  

	5.1	 The parties declare that the WORKS will be understood to be delivered to THE LESSEE, on the date on which the
CONSTRUCTOR completes the construction thereof, according to the schedule included in the CONSTRUCTION CONTRACT, at which time, THE LESSEE will sign, if it accepts the works that the CONSTRUCTOR intends to deliver, the corresponding FINAL ACCEPTANCE
CERTIFICATE. Within five (5) BUSINESS DAYS following the signing of the FINAL ACCEPTANCE CERTIFICATE, THE LESSEE will forward a copy of it to THE LESSOR. If THE LESSEE fails to deliver a copy of the FINAL ACCEPTANCE CERTIFICATE to THE LESSOR
within the indicated term, it will be understood that the WORKS has been received at the complete satisfaction of THE LESSEE. THE LESSEE declares that the WORKS must be delivered by the CONSTRUCTOR no later than on the DATE OF ACTIVATION. Also, on
the DATE OF ACTIVATION, THE LESSOR must have received from the WORKS SUPERVISOR the CERTIFICATE OF FINAL COMPLETION. 

  

	5.2	 Without prejudice to the provisions of section number 5.1 above, as from the signing of this FINANCIAL LEASE
AGREEMENT, THE LESSEE assumes sole responsibility for the costs and risks of the delivery and construction of the WORKS subject matter of this contract, even if it has not signed the CERTIFICATE OF FINAL COMPLETION. From time to time, THE LESSEE
assumes responsibility for the suitability of THE WORKS, its operating conditions and technical qualities for the uses and purposes it pursues, expressly and unequivocally holding THE LESSOR harmless from all liability for such concepts, therefore,
it waives it right to the actions and/or defenses that could be enforced against THE LESSOR, such as warranty of title and right of possession. Likewise, THE LESSEE holds THE LESSOR harmless from all liability in the case that for any reason or
circumstance the title of acquisition of the LAND or THE WORKS is harmed, whatever the cause. The verifications and control of the construction of the WORKS will be carried out by THE LESSEE, through the WORKS SUPERVISOR, who assumes the
responsibility of verifying that the WORKS has the progress scheduled and its delivery by the CONSTRUCTOR is made in accordance with its indications, according to the internal supporting documentation. 

  

							
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	5.3	 Likewise, THE LESSEE undertakes, as from the signing of this instrument, to preserve the peaceful possession of
the WORKS that is owned by THE LESSOR. 

 SIXTH.- OF THE DELAY IN DELIVERING THE WORKS 

 

	6.1	 If any cause of non-conformity is alleged or if there is for any reason
a delay or failure to comply with the delivery of the WORKS attributable to the CONSTRUCTOR or to third parties, THE LESSEE may exercise against them all those actions and/or rights that would correspond to THE LESSOR, such as applying penalties,
executing the performance bond, using the guarantee fund, performing interventions, and other actions as described in the CONSTRUCTION CONTRACT, provided that it has the prior written authorization of THE LESSOR, which cannot be unreasonably denied.
THE LESSOR will have a term of five (5) BUSINESS DAYS to issue its pronouncement, otherwise THE LESSEE may proceed as requested. THE LESSEE undertakes to inform THE LESSOR of the actions taken and the result thereof by virtue of the approval
received. THE LESSEE may not terminate the WORK CONTRACT, if it does not have the express prior written authorization of THE LESSOR. 

The delay in the delivery of the WORKS will not delay the entry into force of the DATE OF ACTIVATION, nor will it release THE LESSEE from the
payment of the FEES of the FINANCIAL LEASE AGREEMENT, in accordance with the provisions of the PAYMENT SCHEDULE. 
  

	6.2	 If a period of more than thirty (30) calendar days elapsed since the DATE OF ACTIVATION, without complying
with the delivery of the WORKS, or if for any reason the delivery of the WORKS turns to be impossible, THE LESSOR is entitled to unilaterally terminate this FINANCIAL LEASE AGREEMENT, resolving it automatically and without the need for prior
judicial declaration, notifying THE LESSEE of such a decision by means of a notice given by a Notary Public. 

  

	6.3	 Upon receipt of the notary’s communication of termination of the FINANCIAL LEASE CONTRACT executed by THE
LESSOR, THE LESSEE will proceed to: 

  

	 	•	 Reimburse THE LESSOR all those DISBURSEMENTS that it has made for the construction of the WORKS, plus the
interest accrued, as well as all expenses incurred up to the date of the termination of the FINANCIAL LEASE AGREEMENT. 

  

	 	•	 Hold THE LESSOR harmless from all the obligations that as a result of the CONSTRUCTION CONTRACT or its
termination, THE LESSOR had or came to have with the CONSTRUCTOR or third parties, reimbursing, immediately, THE LESSOR all payments, expenses, interest, disbursements or compensation that it had paid or that may be obliged to pay in order to
terminate its relationship with the CONSTRUCTOR, and where appropriate, to subrogate to all the rights and obligations that correspond to THE LESSOR against the CONSTRUCTOR if applicable, THE LESSEE being exclusively responsible for the operation
and the costs and expenses that its judicial or extrajudicial defense entail. 

  

	 	•	 In the event of termination of the FINANCIAL LEASE AGREEMENT and having THE LESSEE reimbursed all the amounts
paid by THE LESSOR and expenses mentioned in the previous points, the transfer of ownership of everything built or the WORKS will automatically apply, in the case of completion thereof, in favor of THE LESSEE, automatically terminating the SURFACE
USE AGREEMENT concluded simultaneously to this instrument. 

  

	6.4	 In no case will THE LESSOR be responding to THE LESSEE for the failure to comply or delay in delivering the
WORKS, or for the qualities or characteristics of the works executed, THE LESSEE waiving as from now on its right to any judicial or extrajudicial action -and the terms to raise them- that it could file
against THE LESSOR. 

 SEVENTH.- OF THE TITLE OF OWNERSHIP OF THE WORKS 

 

	7.1	 It is understood that THE LESSEE exclusively assumes the responsibility for the study of the titles of
ownership of the LAND on which the surface right is granted and the WORKS subject matter of this contract will be built, therefore, THE LESSEE holds THE LESSOR harmless from all responsibility arising out of the establishment of the surface right
and the construction of the WORKS that it will perform as mentioned in this FINANCIAL LEASE AGREEMENT. Consequently, THE LESSOR shall not incur any liability whatsoever to THE LESSEE in the event that the titles of ownership of the LAND, the WORKS
and the surface right are null, void, or if for any reason they are terminated, resolved or become insufficient or ineffective, or if the surface right is not registered. 

  

							
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	7.2	 THE LESSEE also holds THE LESSOR harmless from all responsibility for the stipulations of the CONSTRUCTION
CONTRACT, as well as for the plans, projects, characteristics and qualities of the WORKS established in the WORK SPECIFICATIONS, the CONSTRUCTION CONTRACT and/or any other document, and for any possible problems that may arise from obtaining the
permits, licenses or authorizations that could be necessary for the construction of the WORKS, including but not limited to, the permits, licenses or authorizations listed in Annex VII to this FINANCIAL LEASE AGREEMENT. 

Likewise, THE LESSEE declares that THE LESSOR will not incur any liability whatsoever to THE LESSEE for the registration of the Construction
Declaration in favor of THE LESSOR. 
  

	7.3	 In addition, THE LESSEE waives its rights before THE LESSOR to the actions of warranty of title and right of
possession, having been THE LESSEE who has identified and chosen the characteristics of the WORKS on its own initiative as the object of this FINANCIAL LEASE AGREEMENT. THE LESSEE also waives the right to request the refund of the consideration in
accordance with the provisions of Articles 1497 and 1519 of the Civil Code. Consequently, in the event of a case of warranty of title and right of possession, THE LESSEE will have its expedited right to demand the warranty corresponding to THE
CONSTRUCTOR if applicable, THE LESSOR not responding for the construction flaws that the WORKS may have. 

  

	7.4	 THE LESSOR is not responsible for any damages or losses that may be caused to THE LESSEE or to third parties,
as a result of the defects of the WORKS. Consequently, THE LESSEE exclusively assumes the corresponding risks. Likewise, THE LESSEE undertakes to compensate THE LESSOR for any damages and losses that it may suffer as a result of deficiencies in the
titles of ownership of the WORKS. 

  

	7.5	 Without prejudice to the foregoing, THE LESSOR is entitled to exercise the actions it deems appropriate to
protect its interests against THE LESSEE, the CONSTRUCTOR or third parties. 

 EIGHTH.- OF THE USE, MAINTENANCE AND
RESPONSIBILITY FOR THE WORKS 
  

	8.1	 THE LESSEE states that it will give the WORKS exclusively the use indicated in Annex l to this document.

  

	8.2	 It is the sole responsibility of THE LESSEE that the use of the WORKS is the one indicated in Annex I, holding
THE LESSOR harmless from all responsibility in case the administrative, municipal authorities or any other competent entity does not allow the use of the WORKS for the purposes pursued, keeping THE LESSOR informed of the use that is given to it.

  

	8.3	 In particular, it is expressly stated that THE LESSEE guarantees THE LESSOR, without prejudice to the other
obligations it assumes in this agreement, that it will hold it financially harmless from any contingency, complaint, claim, action and/or request that any authorities and/or third parties can initiate or pursue against THE LESSOR, in its capacity as
owner of the WORKS, as a result of the use given to it by THE LESSEE. 

  

	8.4	 All the repairs, maintenance tasks and the proper conservation that may be required or necessary or convenient
to carry out in the WORKS are borne by THE LESSEE. Any repair, whatever its nature, importance or urgency, will be on the account, cost and charge of THE LESSEE, without the right to reimbursement or compensation whatsoever by THE LESSOR.

  

	8.5	 THE LESSEE assumes responsibility before THE LESSOR for the damages, destruction, loss and/or harm that the
WORKS may suffer, including those arising out of act of God or force majeure. In the event that any of the aforementioned events occur, it is understood that the obligation of THE LESSEE to pay THE LESSOR all the FEES of the financial lease will
survive, at the opportunities set out in the PAYMENT SCHEDULE. 

  

	8.6	 If the repairs are structural in nature or by defect of construction or manufacture of the materials used, THE
LESSEE must inform THE LESSOR of the magnitude of the repair, within the BUSINESS DAY after having become aware of it. 

  

	8.7	 THE LESSEE undertakes not to make any kind of modifications, alterations, additions or improvements to the
WORKS without the prior written consent of THE LESSOR, which cannot be unreasonably denied. THE LESSOR will have a term of five (5) BUSINESS DAYS to issue its pronouncement, otherwise THE LESSEE may proceed as requested. THE LESSEE undertakes
to inform THE LESSOR of the result of the modifications, alterations, additions or improvements to the WORKS by virtue of its approval. Without prejudice to this, THE LESSEE may carry out improvements or repairs that are considered necessary for up
to the sum of USD 50,000.00 (Fifty thousand and 00/100 DOLLARS), without the prior written consent of THE LESSOR, and in this case THE LESSEE must inform of such necessary improvement or repair to THE LESSOR, within the BUSINESS DAY following the
day of performing it. Any modification, alteration or improvement that THE LESSEE makes in the WORKS, in any case, will be the property of THE LESSOR, without prejudice to the responsibility applicable for the breach of THE LESSEE.,

  

							
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 In the event that THE LESSEE requires additional purchases to make additions to the WORKS or
other jobs that are part of the WORK SPECIFICATIONS, it may ask THE LESSOR for the necessary funds to make such additional purchases, which will be granted to it by THE LESSEE provided that (i) according to the partial appraisals made of the
WORKS, the VALUE OF THE WORKS does not exceed the AMOUNT OF CAPITAL FINANCED; and, (ii) all the DISBURSEMENTS granted to THE LESSEE under this FINANCIAL LEASE AGREEMENT (including the DISBURSEMENT requested to make additional purchases) do not
jointly exceed the AMOUNT OF CAPITAL FINANCED. The PARTIES agree that any additional purchases required by THE LESSEE that do not comply with the conditions set out in the preceding paragraph shall be assumed by THE LESSEE, and must make a deposit
in escrow in the BANK for the total amount that such additional purchases represent. 
 In addition, the PARTIES hereby state for the record
that, in the event that the additions to the WORKS involve a modification to the WORK SPECIFICATIONS, it will be necessary to enter into an addendum to the WORK CONTRACT in order to formalize such modification. 

 

	8.8	 THE LESSEE will have full operational control over the WORKS, being able to conclude with third parties and
related companies all the contracts and acts that it deems necessary for this purpose and include all the terms and conditions therein that it deems appropriate for the proper management and operation of the CLINIC, according to the purposes set out
in Annex I of this document, the authorization of THE LESSOR not being necessary to do so, provided that this does not generate or could generate an EVENT OF DEFAULT. Likewise, THE LESSEE will make, without the need for authorization of THE LESSOR,
all the commercial decisions that it deems appropriate for the proper management and operation of the CLINIC, provided that it does not generate or could generate an EVENT OF DEFAULT. 

 

	8.9	 In the event of any of the following acts, THE LESSEE must give immediate notice to THE LESSOR, without
prejudice to initiating the corresponding actions: 

  

	 	(i)	 When a third party takes over or takes possession of the WORKS or the goods that form the WORKS, without the
consent of THE LESSEE, or adopts measures of any nature on the WORKS or the goods that form it without the consent of THE LESSEE. 

  

	 	(ii)	 When the WORKS or the goods that will form the WORKS have been affected by an act of God or force majeure event
that would have caused significant material damage, serious injury or the death of persons. 

  

	 	(iii)	 When the WORKS or the goods that will form the WORKS are seized, levied, affected or in any way, the property
of THE LESSOR or the possession of THE LESSEE is altered for actions or acts of persons. 

 In these cases, THE LESSOR may
require THE LESSEE to take measures and/or actions that it deems appropriate to recover free possession over the WORKS, and THE LESSEE must bear the costs arising out of such measures or actions. In the event that THE LESSOR has to make any payment
to recover the free possession of the WORKS, the DISBURSEMENTS it makes will be charged to THE LESSEE, in accordance with the provisions of the Fourteenth Clause of this FINANCIAL LEASE AGREEMENT. 

 

	8.10	 THE LESSEE undertakes to pay on time for all the services provided to the WORKS, including but not limited to
services for drinking water, electricity, telephone, etc., as well as to obtain and maintain in force the permits, licenses and registrations necessary for the use of the WORKS, including but not limited to the permits, licenses and authorizations
established in Annex VII of the FINANCIAL LEASE AGREEMENT. 

 NINTH.- OF INSPECTIONS 

 

	9.1	 THE LESSOR has the right to inspect the WORKS at least once a year during the term of this FINANCIAL LEASE
AGREEMENT, in order to verify that THE LESSEE makes the correct use of it. On the other hand, THE LESSEE undertakes to facilitate such inspections upon communication to THE LESSEE no less than three (3) BUSINESS DAYS in advance. THE LESSOR may
carry out the inspection and verification referred to in the presence of a Notary Public appointed by it. 

  

							
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	9.2	 During the term between the date on which THE LESSOR makes the first DISBURSEMENT and the DATE OF ACTIVATION,
THE LESSOR shall have the right to request two (2) appraisals of the WORKS per each calendar month to be carried out by the WORKS SUPERVISOR. Once the DATE OF ACTIVATION has occurred, THE LESSOR may request an independent expert to evaluate the
WORKS annually in application of what is regulated by the Superintendency of Banking, Insurance and Private Pension Fund Administrators (Superintendencia de Banca, Seguros y AFP). 

 

	9.3	 It is expressly stated for the record that the costs of inspections and appraisals of the WORKS as indicated in
section numbers 9.1 and 9.2 above, will be at the expense and risk of THE LESSEE, the latter having to reimburse such expenses to THE LESSOR, in accordance with the provisions of the Thirteenth Clause. Likewise, in the case that THE LESSEE has
incurred in an EVENT OF DEFAULT, the costs of inspection and appraisal of the WORKS, if applicable, will be borne exclusively by THE LESSEE. Finally, it is established that only in the event that any competent authority in the performance of its
functions requires THE LESSOR an additional inspection or appraisal of the WORKS before the annual term established here is due, THE LESSOR will notify of it to THE LESSEE, who will be obliged to comply with such request. 

TENTH.- OF THE CONSERVATION OF THE ENVIRONMENT 
  

	10.1	 THE LESSEE declares that it complies with the APPLICABLE LAWS regarding the environment. 

 

	10.2	 Likewise, THE LESSEE undertakes to send to THE LESSOR, whenever requested, a declaration signed by its legal
representative or, alternatively, but at most two (2) times a year, an independent expert certification, with respect to compliance with the obligations in environmental matters that may be imposed by the APPLICABLE LAWS. 

 

	10.3	 Without prejudice to the foregoing, THE LESSEE authorizes THE LESSOR, its representative or the persons it
appoints, to verify the compliance by THE LESSEE with the environmental obligations, during the term of this FINANCIAL LEASE AGREEMENT, undertaking to provide the necessary facilities for such verification. 

 

	10.4	 It is expressly stated for the record that the cost involved, in one case or another, will be at the cost and
expense of THE LESSEE. 

 ELEVENTH.- OF THE VALIDITY AND TERM OF THE AGREEMENT 

 

	11.1	 The obligations referred to in this agreement shall enter into force on the date on which THE LESSOR makes the
first DISBURSEMENT for the construction of the WORKS and shall come to an end after the payment of the last FEE of financial lease provided for in the PAYMENT SCHEDULE included as Annex II to this document. 

 

	11.2	 If the requirements established for the DATE OF ACTIVATION to occur are not met (except for the course of the
term of twenty-four (24) months from the CLOSING DATE), THE LESSOR may request THE LESSEE to cancel in favor of THE LESSOR all those disbursement that have been made or charges that are generated in connection with this FINANCIAL LEASE
AGREEMENT or its preparation, within 48 hours of receipt of the request made for this purpose by THE LESSOR, in which it will detail the concepts and amounts to be canceled. 

TWELFTH.- OF THE AMOUNT OF CAPITAL FINANCED 
  

	12.1	 The AMOUNT OF CAPITAL FINANCED (or VALUE OF THE WORKS) is described in Annex I. This value is a reference and
will only become final when THE LESSOR has made the total DISBURSEMENT for the construction and availability of the WORKS (the PURCHASE PRICE OF THE WORKS). In case the VALUE OF THE WORKS is different from the reference value for any reason, THE
LESSOR will send to THE LESSEE a communication detailing all the DISBURSEMENTS made, as well as the final figure of the AMOUNT OF CAPITAL FINANCED and the new PAYMENT SCHEDULE, which will start to govern automatically as from the DATE OF ACTIVATION.
Notwithstanding the above, THE LESSEE undertakes to sign the minutes and public deed of modification of Annex I, within three (3) BUSINESS DAYS of being notified with such request. The. costs and expenses resulting from the modification will be
borne by THE LESSEE. 

  

							
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	12.2	 It is expressly stated for the record that any other expense that are not contemplated within the AMOUNT OF
CAPITAL FINANCED, such as fees, arrears, fines, taxes and other disbursements that have to be made for the purpose of obtaining the qualification and warranty of the WORKS, will be assumed in its entirety by THE LESSEE; in this regard, the parties
specify that, in the event that the aforementioned disbursements have to be made by THE LESSOR, this will charge THE LESSEE such DISBURSEMENTS, by reimbursement, as agreed in the Fourteenth Clause. 

 

	12.3	 Since in order to sign this FINANCIAL LEASE AGREEMENT the PARTIES have agreed that the payments made by THE
LESSEE to THE LESSOR have to be in the currency indicated in Annex I, the AMOUNT OF CAPITAL FINANCED and the INTEREST have been calculated in said currency. 

  

	12.4	 In the event that any DISBURSEMENT made by THE LESSOR for the acquisition of the WORKS would have been made in
a currency other than that stipulated in Annex I, THE LESSOR will convert it into such currency. The value of conversion of the other currency into the currency indicated in Annex I shall be that corresponding to the exchange rate in force on the
day of each DISBURSEMENT, for foreign currency transactions published by THE LESSOR. 

 THIRTEENTH.- CONDITIONS PRECEDENT

 13.1 Conditions precedent to all DISBURSEMENTS: 

The following are conditions precedent to all DISBURSEMENTS (including the first DISBURSEMENT): 

 

	 	(i)	 No Event of default.- That no EVENT OF DEFAULT has occurred. 

 

	 	(ii)	 Request for Disbursement.- That THE LESSEE sends the REQUEST FOR DISBURSEMENT no less than five
(5) BUSINESS DAYS in advance to the proposed DISBURSEMENT DATE and that the proposed DISBURSEMENT DATE is within the AVAILABILITY PERIOD. 

  

	 	(iii)	 Fulfillment of obligations.- That THE LESSEE is in compliance with all its obligations under the
FINANCING DOCUMENTS and that the FINANCING DOCUMENTS remain in force and valid. 

  

	 	(iv)	 Validity of statements and assertions.- That the statements and assertions granted by THE LESSEE in this
LEASE AGREEMENT remain in force and certain, for which it will submit, attached to the APPLICATION FOR DISBURSEMENT an affidavit signed by the general manager of THE LESSEE according to the model set out in Annex IV. The affidavit shall include the
calculation certifying compliance with the financial safeguards set out in Clause 23.3 of this document. 

  

	 	(v)	 Permits, authorizations and licenses.- That the permits, authorizations and licenses required for the
construction of the WORKS listed in ANNEX VII remain in force, depending on the state in which the WORKS is on the date on which the disbursement is requested. 

 

	 	(vi)	 MORTGAGE AGREEMENTS.- That THE LESSEE has obtained the registration of the MORTGAGE AGREEMENTS in the
corresponding Public Registries (except for the first DISBURSEMENT). 

  

	 	(vii)	 Insurance.- That the INSURANCE POLICIES remain in effect, as appropriate. 

 

	 	(viii)	 Works Progress.- That THE LESSOR had received the latest PROGRESS REPORT OF WORKS issued by the WORKS
SUPERVISOR. 

  

	13.2	 Conditions precedent to the first DISBURSEMENT: 

Conditions precedent to the first DISBURSEMENT are those indicated in section number 13.1 above, as well as the following: 

 

	 	(i)	 No Processes or Litigation.- That THE LESSEE does not have pending litigation, investigation or judicial
or administrative procedure, whether pending or imminent, before any Government Authority, administrative tribunal, the Judiciary or arbitral tribunal or any other kind that could, in the reasonable opinion of THE LESSOR: (a) directly affect
the possibility of complying with its obligations under the FINANCING DOCUMENTS; and/or, (b) affect the validity, legality or enforceability of any of the FINANCING DOCUMENTS. 

 

	 	(ii)	 Permits, authorizations and licenses.- That THE LESSEE has obtained the permits, authorizations and
licenses required for the construction of the WORKS. 

  

							
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	 	(iii)	 FINANCING DOCUMENTS and powers.- That THE LESSEE has signed all THE FINANCING DOCUMENTS to the
satisfaction of THE LESSOR, and the existence and validity of the powers of the legal representatives is proven, as well as the registration of those powers in the Public Registries, which must be kept fully in force and valid at the time of the
DISBURSEMENTS. 

  

	 	(iv)	 GUARANTOR AGREEMENTS—That THE LESSEE has submitted the GUARANTOR AGREEMENTS to the corresponding
Public Registries and that they are held in the process of registration. 

  

	 	(v)	 Financial information.- That THE LESSEE has delivered the consolidated audited financial statements of
AUNA and its SUBSIDIARIES as of December 31, 2018 and their unaudited consolidated financial statements as of September 30, 2019. 

  

	 	(vi)	 Payment of expenses and fees.- That THE LESSEE has canceled the STRUCTURING FEE on the CLOSING DATE and
has paid or reimbursed any expenses or fees that it may have outstanding with THE LESSOR, in connection with this transaction, including those of legal advice where applicable. 

 

	 	(vii)	 Insurance.- That the CAR INSURANCE POLICY has been contracted and that it has been endorsed in favor of
THE LESSOR, if applicable, in accordance with the terms indicated in the Twenty-First Clause of the FINANCIAL LEASE AGREEMENT. 

  

	 	(viii)	 Subordination Agreement.- That the current creditors of THE LESSEE detailed in Annex IX, have signed the
corresponding Subordination Agreements under the terms and conditions indicated in Annex VIII to this FINANCIAL LEASE AGREEMENT. 

FOURTEENTH.- OF ADDITIONAL DISBURSEMENTS 
  

	14.1	 Once THE LESSOR has set the AMOUNT OF CAPITAL FINANCED on the DATE OF ACTIVATION, in all those cases that THE
LESSOR would have had or has to make an additional DISBURSEMENT for any of the concepts indicated in this FINANCIAL LEASE AGREEMENT, these will be transferred to THE LESSEE for reimbursement in accordance with the procedure indicated in the
following section number. 

  

	14.2	 Unless THE LESSOR has arranged the modification of the AMOUNT OF CAPITAL FINANCED in accordance with section
number 12.1, the DISBURSEMENTS indicated in section number 14.1 above will be reimbursed by THE LESSEE to THE LESSOR within ten (10) BUSINESS DAYS following receipt of the notice by the latter. In any case, the amount of the refund will be
added the corresponding General Sales Tax, if applicable, and any other taxes that may in the future levy the financial lease or the WORKS. It is established that the provisions of this numeral apply to all cases in which a refund is appropriate as
a result of taxes, fines, costs, expenses and in general any other concept in which THE LESSOR has incurred under this FINANCIAL LEASE AGREEMENT, except for the INSURANCE POLICIES, the reimbursement procedure of which is set out in the Twenty-First
Clause. In the event that the DISBURSEMENT carried out by THE LESSOR has not been made in the currency indicated in Annex I, but in another currency, the same procedure specified in section number 12.4 will be used, to determine exactly the amount
to be reimbursed by THE LESSEE to THE LESSOR. 

  

	14.3	 THE LESSEE authorizes as of now THE LESSOR to debit from any of the accounts held by THE LESSEE in THE LESSOR
the amounts generated as a result of the reimbursements, even those that are generated after the termination of this FINANCIAL LEASE AGREEMENT provided that they are duly supported, THE LESSOR being able to overdraw the account of THE LESSEE in case
it does not have sufficient funds. If THE LESSEE maintained overdue obligations to THE LESSOR for other financing under any modality, THE LESSOR shall be entitled to allocate the existing funds in the accounts of THE LESSEE in the first place to the
cancellation of such overdue obligations, without being held liable due to this. THE LESSOR shall have the same decision-making power with respect to the allocation in the event that overdue obligations arising out of this instrument and other
credit products coexist. 

 FIFTEENTH.- OF THE FINANCIAL LEASE FEES 

 

	15.1	 The FEES of the financial lease are those listed in the PAYMENT SCHEDULE attached as Annex II. To the purposes
of the provisions of Legislative Decree No. 915, in the PAYMENT SCHEDULE, the amount of each of the fees has been broken down into capital and interest. 

  

							
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	15.2	 By means of this document, the parties agree that the PAYMENT SCHEDULE shall begin to govern as from the DATE
OF ACTIVATION. For this purpose, once the total DISBURSEMENT has been made for the construction of THE WORKS, THE LESSOR will send to THE LESSEE, a communication to the contractual address indicated in Annex I, detailing the DISBURSEMENTS made, the
final PAYMENT SCHEDULE, and the exact PAYMENT DATES. 

  

	15.3	 The PARTIES declare to know that when the final PAYMENT SCHEDULE is issued and the exact PAYMENT DATES are
determined, their interest may vary depending on the PAYMENT DATE of the FEES, therefore, THE LESSEE accepts that the final amount of the FEES will be the one specified in the final PAYMENT SCHEDULE that THE LESSOR sends to THE LESSEE to the
contractual address indicated in Annex I. 

 SIXTEENTH.- INDEXATION OF FEES 

 

	16.1	 The FEES of the financial lease may be indexed, if due to a Change in Law any of the following events took
place (each of the above, an “Event”, or jointly the “Events”): (a) any increase in the costs of money affecting THE LESSOR to grant or maintain the leasing; (b) any requirement for higher regulatory capital, and the amount
of such capital is increased in or based on the existence of the outstanding balance of this FINANCIAL LEASE AGREEMENT; or, (c) a reduction in the effective rate of return on the capital of THE LESSOR as a result of changes in the tax
legislation applicable to THE LESSOR. For this purpose, THE LESSOR must send a written communication to THE LESSEE: (i) with a description of the Event reasonably described and supported, along with the date of effectiveness thereof;
(ii) the cost that such Event generates for THE LESSOR; (iv) the calculation of the amount by which THE LESSOR must be compensated for the cost of such Event and the modification to the Payment Schedule. The PARTIES agree that the new
PAYMENT SCHEDULE shall take effect thirty (30) days from the date of the above-mentioned communication. 

 Within the
term previously mentioned, THE LESSEE will have the right to prepay the total amount due (including, but not limited to, the higher cost already generated as a result of the Event) as of that date, and the PREPAYMENT FEE shall not apply. In case of
accepting the new Payment Schedule, THE LESSEE must cancel in favor of THE LESSOR a fee for the modification of said PAYMENT SCHEDULE reaching the amount of USD 500.00 (Five hundred and 00/100 DOLLARS) plus the corresponding General Sales Tax,
within the term of thirty (30) days indicated above. 
 For the purposes of this clause, “Change in Law” is understood as the
entry into force of a legal rule including laws, regulations, rulings, directives, recommendations or decisions, or their amendment, replacement, or interpretation by any Government Authority. In addition, “Government Authority” is
understood as the Government of Peru and any other national government, as well as their respective jurisdictions, political divisions, whether provincial, state, territorial or local, and any agency, authority, institution, supervisory body, court,
central bank, or any entity exercising executive, legislative, judicial, tax, supervisory or administrative powers, or functions related to the government. 

SEVENTEENTH.- OF THE MEANS OF PAYMENT 
  

	17.1	 As from now on, THE LESSEE authorizes THE LESSOR to debit from any of the accounts held by the first one in its
institution, the necessary amounts in order to comply with each of the obligations it maintains by virtue of this FINANCIAL LEASE AGREEMENT. 

  

	17.2	 Any payment made by THE LESSEE shall be applied in the following order of preference: accrued costs and
expenses, penalties, default interest, compensatory interest, to the amortization of capital of the overdue FEE(s), and finally to the amortization of capital of the closest FEE due. 

 

	17.3	 The PARTIES declare that all payments of the FEES made by THE LESSEE to THE LESSOR, arising out of this
contract, must be made in the currency indicated in Annex I. 

  

	17.4	 The PARTIES agree that, if THE LESSEE does not make the payments, in the PAYMENT DATES established in the
PAYMENT SCHEDULE, THE LESSEE will automatically incur in default, as provided for in section number 1 of Article 1333 of the Civil Code and will assume all the costs and expenses arising out of the judicial and/or extrajudicial collection, including
attorneys’ fees, therefore, it will not be necessary to notify the debtor in order for the arrears to exist. The default interest is detailed in Annex I. 

The Default Interest Rate applies for the entire period in which the corresponding EVENT OF DEFAULT remains in effect. In the case of failure
to pay a monetary obligation, the Default Interest Rate will be applied to the outstanding amount. Where the failure is non-monetary, the Default Interest Rate will be applied to the amount of the closest FEE
to be due. 

  

							
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	17.5	 In the event that THE LESSEE has entered into other financial lease agreements with THE LESSOR, and THE LESSEE
makes a payment under one of these agreements, THE LESSOR may allocate such payment to any of the financial lease agreements concluded under which overdue obligations are maintained by THE LESSEE, within thirty (30) calendar days of making such
payment, without THE LESSEE being able to object to such allocation. For this purpose, the allocation shall first be applied to cover the costs and expenses incurred, then to interest and finally to the amortization of the unpaid fees of each and
every financial lease agreement. 

 EIGHTEENTH.- ADVANCE PAYMENT 

 

	18.1	 In the event that THE LESSEE prepays in whole or in part the financial lease, THE LESSOR will charge THE LESSEE
the PREPAYMENT FEE, applicable on the amount of the principal to be prepaid. For these purposes, THE LESSEE must comply with the following conditions: 

  

	 	a)	 That the prepayment is for a minimum amount of S/ 4,000,000.00 (Four Million and 00/100 SOLES) and/or multiples
of that sum, except when the balance of the outstanding amount is less than that figure or in the case of the total prepayment of the financial lease, in which case a single prepayment will be made; 

 

	 	b)	 That THE LESSEE notifies THE LESSOR in writing five (5) BUSINESS DAYS in advance of the date on which the
partial or total prepayment of the financial lease is to be made; and, 

  

	 	c)	 That THE LESSEE has complied with paying the PREPAYMENT FEE. 

 

	18.2	 The BANK will apply the amount of the prepayments to amortize the capital portions of the FEES in reverse order
to their respective PAYMENT DATES, communicating within five (5) BUSINESS DAYS to THE LESSEE the new PAYMENT SCHEDULE, which, for all purposes, will replace Annex Il. In this sense, it is expressly established that the prepayments will
initially be intended to amortize the BALLOON FEE in accordance with the indications in the PAYMENT SCHEDULE. 

  

	18.3	 The PREPAYMENT FEE shall not apply in the event that (i) the amount to be prepaid comes from financing or
issuance on the capital market in which THE LESSOR (or any of its respective AFFILIATES) has had the role of structurer placer, or any other similar one. 

NINETEENTH.- OF THE CALL OPTION 
  

	19.1	 THE LESSOR grants CALL OPTION to THE LESSEE on the WORKS for the sum indicated in Annex I, Amount to which any
taxes affecting the sale operation will be added. 

  

	19.2	 Such CALL OPTION may be exercised during the term of the FINANCIAL LEASE AGREEMENT, but will only take effect
once THE LESSEE has faithfully and fully complied with the payment of all the obligations assumed and arising out of this FINANCIAL LEASE AGREEMENT. The CALL OPTION must be exercised and cancelled by THE LESSEE no later than thirty
(30) BUSINESS DAYS of accrual of the last financial lease fee. After this term has expired without THE LESSOR receiving any confirmation whatsoever from THE LESSEE, and provided that the conditions set forth herein are met, it will be
considered for every purpose that the CALL OPTION has been exercised in application of Article 142 of the Civil Code. 

THE LESSEE expresses its total, absolute and irrevocable acceptance of this stipulation, authorizing from now on THE LESSOR to charge the
amount of the CALL OPTION of any of the accounts that THE LESSEE maintains in THE LESSOR. 
 In any case, if THE LESSOR verifies that the
conditions for exercising the CALL OPTION agreed in this FINANCIAL LEASE AGREEMENT have not been met, THE LESSOR will presume that THE LESSEE has waived this option, empowering THE LESSOR to initiate the corresponding legal actions, even in relation
to the WORKS. 
  

	19.3	 The failure to exercise or lose the CALL OPTION will not generate any variation whatsoever in the obligations
arising out of this FINANCIAL LEASE AGREEMENT that may be pending payment. 

  

							
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	19.4	 Without prejudice to the provisions of the preceding paragraphs, in the case that THE LESSEE decides to
exercise the CALL OPTION advanced on the WORKS before the end of the term of this FINANCIAL LEASE AGREEMENT, it must request THE LESSOR in writing twenty (20) days in advance the modification of the contractual term, and the determination of
the new value of the call option, which shall be established by THE LESSOR on that occasion also considering a penalty set out in Annex I, on the date on which the new value of the CALL OPTION is determined. 

 

	19.5	 In any case, once the CALL OPTION has been exercised by THE LESSEE, either expressly or tacitly in accordance
with this clause, THE LESSOR will communicate it in writing or through the means permitted by the APPLICABLE LAWS, about the date and place for it to come to sign the documents necessary to formalize the transfer of ownership of the WORKS in its
favor, assuming the costs and expenses arising out of such formalities. 

 Without prejudice to the foregoing, the PARTIES
agree that in the event that THE LESSEE does not exercise the CALL OPTION within the term indicated in section number 19.2 and does not comply with the return of the WORKS within the term set out in section number 21.1, it must continue to insure
the WORKS and cancel all the expenses, costs, taxes, fines, and others that are generated for the use of the WORKS until it complies with the return of the same to THE LESSOR, without prejudice to the compensation to be paid to THE LESSOR in
accordance with the above section numbers. It is expressly stated that in the case that THE LESSOR decides to assume any payment for any of the concepts indicated above, these must be reimbursed by THE LESSEE. For this purpose, THE LESSEE authorizes
from now on THE LESSOR to debit from any of the accounts maintained by THE LESSEE in THE LESSOR the amounts generated as a result of the above, being able to even overdraw the account of THE LESSEE in case it does not have sufficient funds. 

TWENTIETH.- OF THE RETURN OF THE WORKS AT THE EXPIRATION OF THE CONTRACTUAL TERM 

 

	20.1	 If at the expiration of the contractual term THE LESSEE has not canceled the CALL OPTION in accordance with the
provisions of section number 19.2 of the previous clause, THE LESSEE will be obliged to deliver the WORKS immediately to THE LESSOR, a fact that will be made at the cost and risk of THE LESSEE. In the event that THE LESSEE does not deliver to THE
LESSOR the WORKS within the term of eight (8) days after the expiration of the term to exercise the CALL OPTION, THE LESSEE will continue to pay monthly, for compensation, the equivalent of the amount of the last FEE paid, without prejudice to
the right of THE LESSOR to take possession of the WORKS, as provided for in the case of termination of the contract. 

  

	20.2	 THE WORKS must be delivered to THE LESSOR in good condition. If during the lease THE LESSEE has made
modifications to THE WORKS without the consent of THE LESSOR, it may demand to be compensated for the damages and losses that such modification may cause it. 

TWENTY-FIRST.- OF THE INSURANCE 
  

	21.1	 In accordance with the APPLICABLE LAWS, the WORKS must be adequately covered against all risk likely to affect
or destroy it, for the entire term of the FINANCIAL LEASE AGREEMENT and as long as THE LESSEE must still pay any of the obligations arising thereof. 

  

	21.2	 THE LESSEE irrevocably instructs THE LESSOR to, at its expense and in its interest: 

 

	 	(i)	 Contract as from the CLOSING DATE of this FINANCIAL LEASE AGREEMENT a CAR INSURANCE POLICY in order to cover
the WORKS against all risks and for civil liability until the date on which the FINAL ACCEPTANCE CERTIFICATE is signed. 

  

	 	(ii)	 Contract as from the date on which the FINAL ACCEPTANCE CERTIFICATE is signed, the ALL-RISK INSURANCE POLICY, which THE LESSOR will sign with a first-class company, in order to contract the necessary insurance to cover the WORKS against all risks, likely to affect or destroy it and any others that
THE LESSOR deems convenient; and, 

  

	 	(ii)	 Cancel premiums, expenses, and taxes resulting from taking out the respective insurance policies.

 It is expressly stipulated that the premiums corresponding to the INSURANCE POLICIES, as well as any other expenditure
or expenses incurred by THE LESSOR in connection with the insurance of THE WORKS, is included, if applicable, within the category called INTEREST of this financial lease, in accordance with the provisions of paragraph e) of Article 1 of Legislative
Decree 915. 
 In addition to the above, in the case that THE LESSOR makes in favor of the insurance company any future payments not
initially established, regarding the INSURANCE POLICIES mentioned above, these will be canceled by THE LESSEE by means of reimbursements. For this purpose, THE LESSEE authorizes from now on THE LESSOR to debit from any of the accounts maintained by
THE LESSEE in THE LESSOR the amounts generated as a result of the above, and THE LESSOR may overdraw the account of THE LESSEE in case it does not have sufficient funds. 

  

							
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 THE LESSEE expressly declares that the inclusion of the WORKS in the INSURANCE POLICIES of
THE LESSOR does not hold THE LESSEE harmless from the obligations of care, diligence, maintenance of the WORKS and others assumed by this FINANCIAL LEASE AGREEMENT, as well as the burdens and obligations of the insured contained in the respective
INSURANCE POLICY. 
  

	21.3	 In case THE LESSOR agrees with THE LESSEE to have the latter contract the INSURANCE POLICIES at its exclusive
expense and cost, the following stipulations will apply: 

 If THE LESSEE contracts the insurance, it undertakes to take
(i) a CAR INSURANCE POLICY, endorsed in favor of THE LESSOR, that covers the WORKS against all risk that may affect or destroy it and at least according to the conditions, amounts of coverage and deductibles of the policy obtained by THE LESSOR
and any others that THE LESSOR deems relevant before the date of signing the FINAL ACCEPTANCE CERTIFICATE; and, (ii) an ALL-RISK INSURANCE POLICY, endorsed in favor of THE LESSOR, as from the date of
signing the FINAL ACCEPTANCE CERTIFICATE of the WORKS. The minimum amount of coverage of the INSURANCE POLICIES shall be sufficient to cover, for the entire term of this FINANCIAL LEASE AGREEMENT, the value to replace THE WORKS. 

For this purpose, THE LESSEE must send to THE LESSOR, for its approval, before the CLOSING DATE, the CAR INSURANCE POLICY, clauses and annexes,
with the endorsement of transfer of rights in favor of THE LESSOR. The ALL-RISK INSURANCE POLICY must be sent fifteen (15) BUSINESS DAYS before the estimated signing date of the CERTIFICATE OF FINAL
COMPLETION. INSURANCE POLICIES shall include the following stipulations detailed below, and with a copy of the invoice for payment of the duly cancelled insurance premium. 
  

	 	a)	 The insurer’s obligation to give notarized notice to THE LESSOR thirty (30) days in advance of the
date of payment of the INSURANCE POLICIES. In the event of a lack of this notice, the insurer may not claim to the LESSOR the potential failure to renew or failure to pay the premiums, which will be considered paid and therefore the rights of THE
LESSOR over the part of the insurance concerned. 

  

	 	b)	 The specification that the INSURANCE POLICIES may not be cancelled or terminated without written or notarized
notice to THE LESSOR by the insurer, at least thirty (30) days in advance. 

  

	 	c)	 Proof that, in case of renewal, these stipulations will be automatically inserted in the endorsement in the
Special Conditions, as long as the FINANCIAL LEASE AGREEMENT remains in force, even if there is no written indication expressing so. 

  

	 	d)	 Specification by the insurer that the INSURANCE POLICIES will not be invalidated by the fact that the insured
person inadvertently omits to declare any circumstance that should be considered important for the estimation of the severity of risk, when such circumstance has been proven beyond the control and/or knowledge of the insured. 

 

	 	e)	 Proof that in the event of a possible claim the insurer will be liable to THE LESSOR, up to the total maximum
limit indicated in the INSURANCE POLICIES as an insured sum. The insufficient insurance clause shall not apply. Likewise, the claims that occurred to THE WORKS will be compensated, without the request for prior approval of THE LESSEE, directly to
THE LESSOR, as owner of the insured good and endorsee of the INSURANCE POLICIES up to the maximum amount indicated and detailed in the endorsement and the Adjustment Agreement must be signed directly by THE LESSOR. 

THE LESSEE undertakes to keep the INSURANCE POLICIES in force for the entire term of the agreement, as appropriate, to pay the premiums that
accrue from the renewal of each annuity and to send to THE LESSOR a copy of the annual renewal of the INSURANCE POLICIES, clauses and annexes, with the endorsement of the transfer of rights in favor of THE LESSOR including a copy of the invoice for
the payment of the insurance premium duly cancelled, not less than fifteen (15) BUSINESS DAYS before its maturity. 

  

							
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 In the event that THE LESSEE does not comply with sending to THE LESSOR the INSURANCE
POLICIES and their renewals as detailed above and within the indicated term, THE LESSOR may contract such insurances, or their renewals and/or pay the unpaid premiums directly. Such disbursements made by THE LESSOR will be transferred to THE LESSEE
for their reimbursement. For this purpose, THE LESSEE authorizes from now on THE LESSOR to debit from any of the accounts maintained by THE LESSEE in THE LESSOR, the amounts generated as a result of the above, and THE LESSOR may overdraw the account
of THE LESSEE in case it does not have sufficient funds. 
  

	21.4	 At the request of either contracting party, the risks covered by the INSURANCE POLICIES may be reasonably
extended (depending on the last appraisal of the WORKS) and the premium and expenses accrued in the course of this extension shall be at the cost and expense of THE LESSEE. 

 

	21.5	 If for any reason the insurer refuses to pay the compensation, even in the event of no fault, it is the
obligation of THE LESSEE to continue to comply with all the outstanding obligations arising out of this FINANCIAL LEASE AGREEMENT until the end of the contractual term, to the extent that, THE LESSEE assumes the risk of loss of THE WORKS, so its
destruction or loss does not relieve it of payment of the benefits to which it has been bound in accordance with this FINANCIAL LEASE AGREEMENT. 

  

	21.6	 In the event of the total loss of THE WORKS, having the insurer paid the compensation, THE LESSOR prior request
of THE LESSEE and provided that THE LESSEE is up to date in the payment of all the obligations arising out of the FINANCIAL LEASE AGREEMENT, can apply the amount received by the insurer to (i) replace THE WORKS; or, (ii) amortize the
balance of the AMOUNT OF CAPITAL FINANCED. 

 It is perfectly understood between the PARTIES that, in the event that the
replacement of the WORKS is chosen, and the amount of compensation obtained from the insurer is not sufficient to cover the costs of replacement in its entirety, THE LESSEE undertakes to reimburse THE LESSOR the costs of replacement of the WORKS in
which THE LESSOR may incur that are not covered by such compensation, within ten (10) BUSINESS DAYS of THE LESSOR having requested it. If, on the contrary, there is a balance or excess of the insurance compensation, after the compensation has
been applied to the replacement of the WORKS, THE LESSOR will give the difference to THE LESSEE, after having made the corresponding legal tax deductions. 

On the other hand, in the event that the compensation of the insurance is applied to the balance of the AMOUNT OF CAPITAL FINANCED of the
FINANCIAL LEASE AGREEMENT, THE LESSOR will proceed to apply it to the balance of the AMOUNT OF CAPITAL FINANCED plus the interest made as of that date. In the event that the amount of the compensation is not sufficient to cover the balance of the
AMOUNT OF CAPITAL FINANCED, THE LESSEE undertakes to cancel the difference at that time being able to charge THE LESSOR the amount from any of the accounts that THE LESSEE maintains in THE LESSOR. If, on the contrary, the amount of the compensation
is greater than the balance of the AMOUNT OF CAPITAL FINANCED, THE LESSOR may apply the difference to any other unpaid obligations that THE LESSEE maintains against THE LESSOR, even other than this FINANCIAL LEASE AGREEMENT, after making the
corresponding legal tax deductions. If after this there is a credit balance, THE LESSOR will give the difference to THE LESSEE, after having made the corresponding legal tax deductions. 

In case of partial losses of the WORKS, the compensation amounts will be used to replace the affected goods. 

TWENTY-SECOND.- OF THE STATEMENTS AND ASSERTIONS OF THE LESSEE 

THE LESSEE states and declares to THE LESSOR the following: 
  

	22.1	 Organization and Qualification.- THE LESSEE is a closely held corporation organized and existing under
the APPLICABLE LAWS, which is entitled, under the APPLICABLE LAWS, to own its assets and carry out its ordinary activities. 

  

	22.2	 Powers and Authorizations.- THE LESSEE possesses and has granted the representatives listed in Annex I
all the powers and authorizations necessary to sign the FINANCING DOCUMENTS and to assume all the obligations under them. 

  

							
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	22.3	 Validity and existence.- This FINANCIAL LEASE AGREEMENT and the other FINANCING DOCUMENTS constitute
valid and binding obligations of enforceable compliance for THE LESSEE. Likewise, the signing of the FINANCING DOCUMENTS constitutes a valid legal act that does not violate any agreement, legal, statutory, or contractual provision in force to which
THE LESSEE is a party or for which it is bound. 

  

	22.4	 Government Authorities Authorizations.- THE LESSEE has all the necessary authorizations required from
Government Authorities under the APPLICABLE LAWS to carry out its usual activities, sign and comply with the FINANCING DOCUMENTS and to comply with the obligations assumed therein, which are in force and are not subject to any condition or
requirement whatsoever, even those of an environmental nature, if required, or others required for its operation. Any authorization that THE LESSEE requires as from the date of signing the FINANCING DOCUMENTS will be obtained by the latter within
the term legally established to that end. 

  

	22.5	 Authorizations for the provision of health services.- THE LESSEE declares that the services listed in
Annex X of this FINANCIAL LEASE AGREEMENT will not be provided in the CLINIC. In this regard, it declares that it does not require, under the APPLICABLE LAWS as of the date on which the declaration is granted, to obtain the authorizations, permits
or licenses related to the services listed in Annex X of this FINANCIAL LEASE AGREEMENT for the operation or functioning of the CLINIC. 

  

	22.6	 No conflict.- The signing and execution by THE LESSEE of the FINANCING DOCUMENTS is not in conflict or
creates a situation of non-compliance with respect to (i) the terms, conditions or stipulations of the by-laws and/or other organizational documents of THE LESSEE;
(ii) the APPLICABLE LAWS, or any judgment, resolution, injunction, award or decree of any court, tribunal or GOVERNMENT AUTHORITY; or, (iii) any agreement, convention or contract to which THE LESSEE is a party or by which it is bound.
Likewise, there is also no better right, lien, restriction, limitation and/or impediment of any kind that prevents, prohibits, limits and/or, in any way, restricts (x) the powers and rights of THE LESSEE to enter into and sign the FINANCING
DOCUMENTS; or, (y) the powers and/or rights of THE LESSOR arising out of the FINANCING DOCUMENTS. 

  

	22.7.	 Financial Information.- All financial and accounting information provided to THE LESSOR is correct and
complete, and accurately reflects the financial condition of AUNA, and shows substantially the entire indebtedness of AUNA and its SUBSIDIARIES on the date thereof, including obligations for substantial taxes and substantial obligations

  

	22.8.	 Non-compliance situation.- THE LESSEE is not in a situation of non-compliance with the APPLICABLE LAWS or judgment, injunction, award or decree of any court, tribunal or Government Authority that generates or may generate a SUBSTANTIALLY ADVERSE EFFECT. 

 

	22.9.	 Substantially Adverse Event or Substantially Adverse Effect.- No SUBSTANTIALLY ADVERSE EVENT or
SUBSTANTIALLY ADVERSE EFFECT has occurred. 

  

	22.10.	 Taxes.- All tax returns to be submitted by THE LESSEE have been duly submitted in accordance with the
APPLICABLE LAWS and all taxes accrued, according to such declarations, have been paid in full, except for those that have been claimed in good faith under the APPLICABLE LAWS and for which the appropriate provisions have been made in accordance with
IFRS. 

  

	22.11.	 Insolvency.- THE LESSEE is not in any ordinary insolvency proceedings, preventive insolvency
proceedings, asset restructuring, liquidation or any other payment default procedure under the APPLICABLE LAWS, whether initiated voluntarily or by third parties, nor is it in the process to reach a general refinancing of its obligations.

  

	22.12.	 Event of Default.- THE LESSEE is not in any event, act or situation that originates, or that could
originate over time, an EVENT OF DEFAULT. 

  

	22.13.	 Absence of non-compliance in other contracts.- THE LESSEE is not
in a situation of non-compliance with: (i) the FINANCING DOCUMENTS; (ii) any obligation to pay under other contracts or agreements with banking or financial institutions supervised by the
Superintendency of Banking, Insurance and Private Pension Fund Administrators, or any obligation that generates or that could originate over time a SUBSTANTIALLY ADVERSE EFFECT; or (iii) other contracts or agreements with third parties (other
than those indicated in section number (i) and (ii) above) that gives rise to the termination of the respective contract or agreement and that generates or that could generate over time a SUBSTANTIALLY ADVERSE EFFECT. 22.14. Appropriate use
of Funds.- The funds obtained through this FINANCIAL LEASE AGREEMENT shall be used only for the purposes set out in Annex I. 

  

							
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 TWENTY-THIRD: OBLIGATIONS OF THE LESSEE 

THE LESSEE undertakes during the term of this FINANCIAL LEASE AGREEMENT, and as long as it has not complied with the payment of all obligations arising
thereof, to comply with the following obligations: 
  

	23.1	 Affirmative Covenants: 

 

	 	(i)	 Pay to THE LESSOR each and every FEE due under this FINANCIAL LEASE AGREEMENT on the corresponding PAYMENT
DATES, in accordance with the PAYMENT SCHEDULE, as well as pay any sum that, for expenses, interest, fees and others is owed to THE LESSOR, in accordance with the FINANCING DOCUMENTS. 

 

	 	(ii)	 Use the funds disbursed under this FINANCIAL LEASE AGREEMENT only for the purposes set out in Annex I.

  

	 	(iii)	 Keep its books, accounting records and archives in accordance with the accounting principles and practices
accepted in Peru, also upon written request, allow representatives of THE LESSOR to obtain information from books, records and documents that are related to the operation of the company and the fulfillment of its obligations. 

 

	 	(iv)	 Preserve and maintain its corporate existence, corporate purpose, authorizations, licenses, permits and trade
names, distinctive signs, franchises and concessions required for the development of its business. 

  

	 	(v)	 Obtain, maintain and comply with each and every one of the permits, licenses, authorizations and requirements
of all GOVERNMENT AUTHORITIES, in particular those necessary for the construction of THE WORKS and/or the operation of the CLINIC, including the laws regarding the environment, health, hygiene, sanitation, occupational safety, laws related to social
security, pension fund obligations and cultural heritage that are applicable, necessary or convenient to its activities in general and particularly those for which it uses the WORKS. THE LESSEE undertakes to deliver to THE LESSOR in case it is last
requested, statements signed by its legal representative, certifying compliance with the provisions set out herein. 

  

	 	(vi)	 Inform THE LESSOR within five (5) BUSINESS DAYS of becoming aware: (i) of the occurrence of any EVENT
OF DEFAULT or SUBSTANTIALLY ADVERSE EVENT or any event that may cause, over time, an EVENT OF DEFAULT or a SUBSTANTIALLY ADVERSE EVENT; or, (ii) any event or circumstance, own or unrelated to THE LESSEE, that may generate a SUBSTANTIALLY
ADVERSE EFFECT. Such communication to THE LESSOR shall include the details of such event and the actions that THE LESSEE has taken and/or intends to take in this regard. 

 

	 	(vii)	 Inform THE LESSOR within two (2) BUSINESS DAYS of obtaining the approval of the Statement of Completion
and Construction Declaration by the Municipality of Chiclayo with respect to the WORKS. 

  

	 	(viii)	 Inform THE LESSOR of the occurrence of a CHANGE OF CONTROL of THE LESSEE, within the BUSINESS DAY following the
day it happened. THE LESSOR will evaluate such CHANGE OF CONTROL, being able to make objections to it within five (5) BUSINESS DAYS from the date of communication of the CHANGE OF CONTROL. During the course of this term THE LESSOR may inform
THE LESSEE that it has no objections to the CHANGE OF CONTROL that occurred. In the case that (i) THE LESSOR informs THE LESSEE of its objection to the CHANGE OF CONTROL; or, (ii) THE LESSOR does not communicate to THE LESSEE the result of
its evaluation with respect to the CHANGE OF CONTROL, it will be considered that an EVENT OF DEFAULT has occurred automatically under the terms of this Agreement after thirty (30) calendar days have elapsed from the date of communication of the
occurrence of a CHANGE OF CONTROL by THE LESSEE to THE LESSOR. During the aforementioned thirty (30) calendar days, THE LESSEE may make the arrangements for the assignment of contractual position by THE LESSOR in favor of another financial
institution, under the terms and conditions to the satisfaction of THE LESSOR, being the corresponding PREPAYMENT FEE applicable. 

  

	 	(ix)	 Pay its taxes on time, except in cases where there is discrepancy and a due process is followed before
the corresponding entity. 

  

							
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	 	(x)	 Keep its assets (own or those on lease or under any other title) in good condition, except for the usual wear
from their operation. 

  

	 	(xi)	 Keep INSURANCE POLICIES in force, as applicable, in accordance with the provisions of the Twenty-First Clause.

  

	 	(xii)	 Conduct all of its transactions and operations with AFFILIATED companies and individuals and/or related
companies and/or SUBSIDIARIES under market conditions. 

  

	 	(xiii)	 Keep in force one or more checking accounts in THE LESSOR, with sufficient balances for the fulfillment of the
obligations assumed by THE LESSEE by this instrument, until the transfer of the WORKS is formalized and/or until its expiration, as applicable. 

  

	 	(xiv)	 Maintain the obligations subject matter of this FINANCIAL LEASE AGREEMENT, at least, pari passu with
respect to any other current or future obligations of THE LESSEE. 

  

	 	(xv)	 Obtain the registration of GUARANTOR AGREEMENTS in the corresponding Public Registries, within a term of not
more than forty-five (45) BUSINESS DAYS from the date on which the registration was requested. The terms previously mentioned shall be automatically extended, for one time, up to an additional term of forty-five (45) BUSINESS DAYS, in the
event that registration observations are raised. THE LESSEE must inform THE LESSOR of the arrangements made to correct the registration observations, if applicable, as well as send a copy of the respective registration notes within two
(2) BUSINESS DAYS following their obtaining. 

  

	 	(xvi)	 Ensure that GUARANTOR AGREEMENTS remain in force and enforceable for the duration of this FINANCIAL LEASE
AGREEMENT, taking into account that, mortgage guarantee rights constituted under the MORTGAGE AGREEMENTS will be valid and enforceable once they are registered in the corresponding Public Registries. 

 

	 	(xvii)	 Keep the SURFACE USE AGREEMENT in force for the entire term of this FINANCIAL LEASE AGREEMENT, having to
refrain from making any amendment to such SURFACE USE AGREEMENT or assigning its contractual position and/or assigning all or some of its rights or obligations under it. 

 

	 	(xviii)	 THE LESSEE grants THE LESSOR a preemptive right so that, individually or jointly, through themselves or their
AFFILIATES or SUBSIDIARIES, it acts as an organizer, structurer and/or placer in the structuring, organization, placement and granting of any structured financial transaction and/or any capital transaction. This preemptive right (i) shall apply
to the extent that the economic, commercial, structure or other substantial conditions offered by THE LESSOR to act in such roles are the same or better than those offered by other top financial institutions, which will be communicated by THE LESSEE
to THE LESSOR in a timely manner, giving THE LESSOR the opportunity to match those conditions. 

  

	23.2	 Negative Covenants: 

 

	 	(i)	 Refrain from performing, without the prior written authorization of THE LESSOR, any process of transformation,
corporate reorganization, liquidation, merger or spin-off of THE LESSEE, except for: (a) merger processes between THE LESSEE and its AFFILIATES or SUBSIDIARIES that do not generate or reasonably generate
a SUBSTANTIALLY ADVERSE EFFECT or a breach of Financial Obligations; (b) spin-off processes of the LESSEE in which the resulting entity remains an AFFILIATE or SUBSIDIARY, and which do not generate or
could not reasonably generate a SUBSTANTIALLY ADVERSE EFFECT or a breach of Financial Obligations. 

  

	 	(ii)	 Refrain from making investments in, or acquiring, directly or indirectly, under any modality (including through
any corporate reorganization), shares of other companies (other than their AFFILIATES or SUBSIDIARIES), unless such investments or acquisitions do not cause a CHANGE OF CONTROL or generate or could reasonably generate in the future a SUBSTANTIALLY
ADVERSE EFFECT or a breach of the Financial Obligations. The investments or acquisitions that generate a CHANGE OF CONTROL shall be governed by the provisions of section number 23.1 (viii) of this AGREEMENT. THE LESSEE must inform THE LESSOR of the
execution of the investments or acquisitions permitted by this section number, within five (5) BUSINESS DAYS of being made. 

  

							
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	 	(iii)	 Refrain from making direct or indirect acquisitions of other companies’ assets, unless such acquisitions
do not generate or could reasonably generate in the future a SUBSTANTIALLY ADVERSE EFFECT or a breach of Financial Obligations. 

  

	 	(iv)	 Refrain from making, in the event of an EVENT OF DEFAULT and for the duration of it, distributions in favor of
the shareholders of THE LESSEE, either by paying dividends or other distribution of profits of THE LESSEE, through any payment arising from a reduction of capital, redemption, purchase or acquisition of shares representing the share capital of THE
LESSEE, or the exercise by THE LESSEE of options or other rights to acquire own shares. 

  

	 	(v)	 Refrain from reimbursing loans to its shareholders, directors, administrators or companies financially related
or not, AFFILIATES or SUBSIDIARIES, in the case that an EVENT OF DEFAULT has been incurred and for the duration thereof, or when as a result of such reimbursement, an EVENT OF DEFAULT is generated or could be generated. 

 

	 	(vi)	 Refrain from selling, leasing, benefiting, alienating or transferring, without the prior written authorization
of THE LESSOR, fixed assets (whether these fixed or intangible, such as trademarks) that are part of the CLINIC and/or assigning rights on them, under any title or modality, including transfers in possession in trust, except as set forth in section
number (ix) below. 

  

	 	(vii)	 Refrain from granting financing in favor of third parties. 

 

	 	(viii)	 Refrain from granting financing in favor of its SUBSIDIARIES or AFFILIATES, without the prior written
authorization of THE LESSOR, provided that such acts do not generate or could not reasonably generate a SUBSTANTIALLY ADVERSE EFFECT 

  

	 	(ix)	 Refrain from granting real guarantees or personal guarantees, charging against the assets that are part of the
CLINIC and/or flows from its operation, to guarantee its own or third party obligations, without the prior written authorization of THE LESSOR. Without prejudice to this, THE LESSEE may, without the prior authorization of THE LESSOR, levy its
assets, including, granting collateral, financial leases and transfers in possession in trust, when such guarantees are granted in support of the financing granted for the acquisition of such assets, and provided that: (i) THE LESSEE is in
compliance with its obligations established in the FINANCING DOCUMENTS and (ii) provided that such acts do not generate or could not reasonably generate a SUBSTANTIALLY ADVERSE EFFECT 

 

	 	(x)	 Refrain from changing the main business activity 

 

	 	(xi)	 Refrain from assigning its contractual position, or assigning or transferring, in whole or in part, all or some
of the rights or obligations, debts contracted with THE LESSOR under the FINANCING DOCUMENTS, without the prior written authorization of THE LESSOR. 

  

	 	(xii)	 Refrain from subordinating or promising to subordinate the obligations assumed under the FINANCING DOCUMENTS to
any other present or future indebtedness. 

  

	 	(xiii)	 Refrain from guaranteeing to third parties, flows from the operations of the CLINIC, not assigned through the
ASSIGNMENT AGREEMENT. 

  

	 	(xiv)	 Refrain from transacting with AFFILIATES under conditions other than market. 

TWENTY-FOURTH.- ANTICORRUPTION 
 THE LESSEE
declares that neither itself nor its shareholders, partners, directors, managers, officers, agents, employees, advisers or any other person acting on behalf of or in the interest of THE LESSEE (hereinafter referred to as
“Representatives”), have incurred any of these cases detailed below: 
  

	24.1	 Participate in acts of corruption and/or bribery in respect of any national or foreign authority, or any third
party (public or private) and/or grant or offer, or attempted to grant or offer payments, gifts, promises of payment, personal benefits or the like, contrary to law, to a public official or person related to or who may influence a public official or
third party (public or private), which could generate a benefit for THE LESSEE or its Representatives. 

  

	24.2	 Have been or be formally investigated or charged or sentenced civilly or criminally, suspended and disqualified
in any of their functions administratively sanctioned, in respect of cases detailed in section number (i) above, in Peru or abroad. 

  

							
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	24.3	 Be included within the scopes of Law No. 30737 or any rule, in its broadest form, which rules, modifies,
extends or replaces the Law No. 30737 mentioned, whether or not they have been expressly included in the list published by the Ministry of Justice and Human Rights (under that rule) or the entity that replaces it. 

 

	24.4	 Have admitted or acknowledged the commission of any of these offenses mentioned in this paragraph a) before any
competent national or foreign authority. 

 TWENTY-FIFTH.- EVENTS OF DEFAULT 

The PARTIES agree that each of the following circumstances constitutes an EVENT OF DEFAULT: 

 

	25.1	 If THE LESSEE fails to pay: (i) any FEE or any amount corresponding to the capital or interest due under
this FINANCIAL LEASE AGREEMENT; or, (ii) any of the commissions, fees, expenses, taxes, fines or any other concept it must pay and/or reimburse on the occasions when such payments must be made in accordance with the provisions of the FINANCING
DOCUMENTS. 

  

	25.2	 If THE LESSEE refuses to receive the WORKS or having received it, it intends to sublet, transfer, levy, assign
the possession, the use, or make available THE WORKS to third parties in whole or in part, without the prior written authorization of THE LESSOR. 

  

	25.3	 If the CONSTRUCTION CONTRACT is terminated without the prior written authorization of THE LESSOR, the
construction of the WORKS becomes impossible or is paralyzed for a term greater than thirty (30) BUSINESS DAYS. 

  

	25.4	 If THE LESSEE fails to comply with the financial obligations set out in Annex III to this FINANCIAL LEASE
AGREEMENT. 

  

	25.5	 If THE LESSEE: (i) loses any of the authorizations, permits or licenses necessary for the construction of
the WORKS and/or the operation of the CLINIC, including but not limited to those listed in Annex VIl to this document; or, (ii) an event occurs that results in the loss of such authorizations, permits or licenses; and such loss or event is not
remedied in the term of twenty (20) BUSINESS DAYS. 

  

	25.6	 If THE LESSEE fails to pay the reimbursements to THE LESSOR for the payments of the corresponding premiums or
any sum generated by the payment of the insurance policies made by THE LESSOR, in accordance with the provisions of the Twenty-First Clause. 

  

	25.7	 If THE LESSEE fails to constitute or conclude the GUARANTOR AGREEMENTS in favor of THE LESSOR, within the term
established in this FINANCIAL LEASE AGREEMENT, or if any of the guarantees constituted under the GUARANTOR AGREEMENTS cease to be in force or lose first rank and priority in favor of THE LESSOR. 

 

	25.8	 If THE LESSEE does not comply with signing the public deed of amendment to this FINANCIAL LEASE AGREEMENT
referred to in the Twelfth Clause, within the terms and under the conditions established in that clause. 

  

	25.9	 If THE LESSEE is delayed or fails to comply with the payment of any reimbursement owed to THE LESSOR, required
by it in accordance with the provisions of the Fourteenth Clause of this FINANCIAL LEASE AGREEMENT. 

  

	25.10	 If THE LESSEE does not facilitate the inspection of the WORKS within the maximum term of seventy-two (72) hours required for it. 

  

	25.11	 If: any of the statements and assertions made by THE LESSEE in the Twenty-Second or Twenty-Fourth Clauses of
this FINANCIAL LEASE AGREEMENT or in the other FINANCING DOCUMENTS is (i) false or (ii) incomplete in its substantial aspects. 

  

	25.12	 If THE LESSEE fails to comply with any of the obligations set out in the Twenty-Third Clause of this FINANCIAL
LEASE AGREEMENT, any of the terms, conditions or agreements contained in the FINANCING DOCUMENTS other than those indicated in this Twenty-Fifth Clause. 

  

	25.13	 If THE LESSEE fails to comply, in general, with any other obligation assumed before THE LESSOR under any
financial debt agreement (other than this FINANCIAL LEASE AGREEMENT), and such breach may result in the early termination or expiration of the term for the fulfillment of the obligations of THE LESSEE arising out of such financial debt agreement.

  

	25.14	 If THE LESSEE or any of its SUBSIDIARIES fails to comply with any of the obligations assumed under any other
contract, convention and/or substantial agreement that it has concluded with any third party (cross default), for amounts that individually or jointly exceed USD 7,000,000.00 (Seven Million and 00/100 US Dollars) or its equivalent in another
currency. Likewise, if THE LESSEE fails to comply with any obligation to pay under any contract, convention and/or agreement that it has entered into with any third party for amounts that, individually or jointly, exceed USD 7,000,000.00 (Seven
Million and 00/100 US Dollars) or its equivalent in another currency, and such breach results in the early termination or expiration of the term for fulfilling its obligations arising out of said contract, convention and/or agreement (cross
acceleration). 

  

							
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	25.15	 If THE LESSEE or any of its SUBSIDIARIES fails to comply, within the terms established, with the provisions of
any judicial ruling, arbitral award or administrative decision that is final, non-appealable or of a last instance whose outcome would reasonably have or could have a Substantially Adverse Effect, unless, in
the case that such judicial ruling, arbitration award or final administrative decision establishes an obligation to pay THE LESSEE, the payment order is rendered ineffective within the term granted. 

 

	25.16	 If: (i) THE LESSEE undergoes any type of bankruptcy process, insolvency proceedings or asset restructuring
regulated under the APPLICABLE LAWS, or any process of payment suspension or liquidation; or, (ii) THE LESSEE initiates any bankruptcy, insolvency or asset restructuring proceedings regulated under the APPLICABLE LAWS, process of payment
suspension or liquidation; or, (iii) THE LESSEE abides by a process of dissolution and liquidation or its shareholders adopt an agreement to that effect. 

 

	25.17	 If the CHANGE OF CONTROL of THE LESSEE has been objected by THE LESSOR or if THE LESSOR has not communicated to
THE LESSEE the result of its evaluation regarding the CHANGE OF CONTROL; and the thirty (30) calendar days indicated in section number (viii) of Clause 23.1 of the FINANCIAL LEASE AGREEMENT would have elapsed. 

 

	25.18	 If THE LESSEE participates, without the prior written authorization of THE LESSOR, in processes of
transformation and/or corporate reorganization, mergers, spin-offs, or direct or indirect acquisitions of shares or assets of other companies. 

  

	25.19	 If THE LESSEE conducts any act intended to assign its contractual position or its rights or obligations in this
FINANCIAL LEASE AGREEMENT and/or in the other FINANCING DOCUMENTS, or to transfer its obligations arising thereof, without the prior written authorization of THE LESSOR. 

 

	25.20	 If THE LESSEE, its AFFILIATES, SUBSIDIARIES or economically related companies initiates a procedure intended to
obtain a pronouncement from a GOVERNMENT AUTHORITY regarding the nullity, voidability, enforcement, rescission or termination of any of the FINANCING DOCUMENTS, or if any of the FINANCING DOCUMENTS is declared null, void, unenforceable, illegal,
terminated, rescinded or amended without the prior written authorization of THE LESSOR. 

  

	25.21	 If the obligations subject matter of this FINANCIAL LEASE AGREEMENT cease to take precedence of at least
parí passu with respect to any other current or future obligation of THE LESSEE. 

  

	25.22	 If THE LESSEE assigns, in whole or in part, the WORKS or the goods that form the CLINIC, without the prior
written authorization of THE LESSOR, to a use other than that agreed in Annex I to this FINANCIAL LEASE AGREEMENT. 

  

	25.23	 In the event of any SUBSTANTIALLY ADVERSE EVENT or a fact or event that has a SUBSTANTIALLY ADVERSE EFFECT.

  

	25.24	 If THE LESSEE fails to comply with the payment of any tax affecting this agreement or the WORKS and such
failure to comply is not remedied within three (3) BUSINESS DAYS, or does not reimburse the amount of the taxes that have been paid by THE LESSOR pursuant to this agreement. 

TWENTY-SIXTH.- CONSEQUENCE OF THE EVENT OF DEFAULT 
  

	26.1	 If an EVENT OF DEFAULT is established and the applicable remediation terms have elapsed, the default interest
will begin to be generated at the applicable Default Interest Rate, until the day the EVENT OF DEFAULT ceases. The default interest will be accrued automatically as from the date on which THE LESSEE incurred an EVENT OF DEFAULT, without the need for
declaration of default, additional notification or some formality, in accordance with the provisions of section number 1 of Article 1333 of the Civil Code. 

	26.2	 If an EVENT OF DEFAULT is established, THE LESSOR may, by operation of law: 

 

	 	(i)	 Render pending DISBURSEMENTS ineffective, if applicable; 

  

							
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	 	(ii)	 Declare this FINANCIAL LEASE AGREEMENT terminated, in accordance with the provisions of Article 1430 of the
Civil Code and/or consider the terms of the financial lease due, by means of written communication sent by notarial procedures to THE LESSEE, accompanied by the settlement of the debtor balance referred to in section number 7 of Article 132 of the
General Law, and demand the immediate payment of all the sums owed to THE LESSOR under this FINANCIAL LEASE AGREEMENT, leaving THE LESSOR entitled to collect all the FEES owed up to said date plus the legal taxes; and/or, 

 

	 	(iii)	 Request the execution of the guarantees constituted under the GUARANTOR AGREEMENTS. 

The delay by THE LESSOR in the exercise of the rights referred to in this section number 26.2 shall in no case mean the presumption of waiver
thereof. 
 TWENTY-SEVENTH.- OF THE TERMINATION 
  

	27.1	 In the event that THE LESSOR declares the termination referred to in section number 26.2(ii) of the previous
Twenty-Sixth Clause, it will be sufficient for THE LESSOR to send a communication to THE LESSEE to the contractual address indicated in Annex I, declaring that the termination of the agreement has occurred and indicating the cause in which it has
incurred as well as the concepts and amounts enforceable in accordance with the provisions of the following numeral. The termination shall occur automatically and by operation of law from the moment of delivery of the aforementioned communication at
the contractual address of THE LESSEE. 

  

	27.2	 As from the delivery of the said communication to the contractual address of THE LESSEE, or together with it,
THE LESSOR may immediately recover the WORKS and demand, at the same time, the total payment of the overdue lease fees, their interest, the expenses incurred, the taxes accrued and/or to be accrued and, in view of the particular nature of the
financial lease agreement, require payment of the full amount of the fees due until the end of the agreement, without prejudice to the right of THE LESSOR to demand compensation for the subsequent damage arising from the termination of the contract.
The payment of all financial lease fees shall be demanded from THE LESSEE even if no fee has yet been accrued on the date of communication of the termination. 

 

	27.3	 Upon communication of the termination, THE LESSEE must deliver the WORKS immediately to THE LESSOR, on the date
it designates and in the same conditions of conservation in which it was given thereto, except the natural wear for the diligent use of THE WORKS. 

In the case that THE LESSEE fails to comply with returning the WORKS, it must continue to insure the WORKS and cancel all the expenses, costs,
fines, taxes and others generated for the use of it. In the event that these concepts are assumed by THE LESSOR, these must be reimbursed by THE LESSEE within 48 hours of being requested. 

	27.4	 Without prejudice to the obligation of THE LESSEE indicated above, THE LESSOR may, if it so decides, take
possession of THE WORKS on the date it deems appropriate. Likewise, in case of non-compliance with the restitution, it can initiate the actions for the return of the WORKS. 

 

	27.5	 All the expenses generated to make THE WORKS available to THE LESSOR shall be borne by THE LESSEE and will be
paid directly by THE LESSEE. Otherwise, THE LESSOR will set them and shall be covered, within 48 hours, counted as from the request made to THE LESSEE. 

TWENTY-EIGHTH.- OF THE RESPONSIBILITY 
  

	28.1	 THE LESSEE holds THE LESSOR and/or any of its affiliates and/or directly or indirectly related companies
harmless, as well as the shareholders, directors, managers, representatives, executives, officers, employees, agents in general and their advisers (hereinafter “Persons entitled to Compensation”), from any responsibility that may arise out
of the execution of this agreement, except that caused by willful misconduct or gross negligence of Persons entitled to Compensation duly declared by a final and non-appealable decision of a court of competent
jurisdiction. In this sense, THE LESSEE will indemnify and defend the Persons entitled to Compensation, without any reserve or limitation whatsoever, in the face of any claim, action, litigation, contractual or
non-contractual liability, fine, penalty, damages and losses (including emerging damages, loss of profit and indirect damages), contingency, cost and/or expense, or the risk thereof, arising out of the
execution of this contract or any of the activities carried out by THE LESSEE, particularly those for which it uses the WORKS. In the case that THE LESSOR has to cancel any sum that originates as a result of what is indicated in this clause, it will
be transferred to THE LESSEE by reimbursement, THE LESSEE authorizing from now on THE LESSOR to charge the amounts, from any of the accounts that THE LESSEE maintains in THE LESSOR. 

  

							
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	28.2	 In the event that any of the Persons entitled to Compensation are involved in any action, judicial or
administrative proceeding or investigation resulting from the execution of this agreement, THE LESSEE will reimburse thereto the expenses, costs and legal and/or other fees that have reasonably been incurred for the defense against such actions,
procedures or investigations, THE LESSEE authorizing from now on THE LESSOR to charge it directly from any of the accounts that THE LESSEE maintains in THE LESSOR. THE LESSEE shall also indemnify the Persons entitled to Compensation for any loss,
damage or harm resulting directly or indirectly from the execution of this agreement, unless they originate exclusively from the willful misconduct or gross negligence of the Persons entitled to Compensation, declared by a final and non-appealable decision of a court of competent jurisdiction. 

  

	28.3	 THE LESSEE agrees that, without the prior written consent of the Persons entitled to Compensation, it will not
reach any type of transaction, agreement or commitment with respect to any action, claim or proceeding, whether present or future, actually comprising or possibly comprising any of the Persons entitled to Compensation, in accordance with the terms
of this clause, unless such transaction, agreement or commitment includes an express, unconditional, valid and enforceable waiver of any liability to such Persons entitled to Compensation in respect of any action, claim or proceeding arising
directly or indirectly out of the execution of this agreement. 

 TWENTY-NINTH.- OF THE ADDITIONAL STIPULATIONS 

 

	29.1	 THE LESSEE agrees and expressly authorizes THE LESSOR to assign or transfer, in whole or in part, all rights
and obligations arising out of this agreement in favor of a third party, as well as its contractual position provided that (i) these are assignments that do not result in additional costs to THE LESSEE due to the nature of the assignee; and,
(ii) the contractual position or rights under this contract or the other FINANCING DOCUMENTS are not assigned in whole or in part to persons or entities competing with, or that are part of an economic group (as this term is defined in the
Regulations on Indirect Ownership, Relationship and Economic Groups approved by Superintendence Resolution No. 00019-2015) comprising persons or entities that compete with Grupo Salud del Perú S.A.C. and/or its Affiliates. This pact
includes both the assignment of rights and the assignment of the contractual position. Likewise, THE LESSOR may allocate or give in warranty, whatever form is chosen, the rights that this agreement confers on it. THE LESSOR is also fully authorized
to assign, transfer or provide as security in whole or in part the WORKS, without having to communicate it to THE LESSEE, provided that they do not affect the rights of THE LESSEE acquired under the agreement. 

 

	29.2	 Any tax, fine, right or lien, created or to be created, and in general any expense that according to the
corresponding public or private entity, affects this agreement or the WORKS for any reason, or the WORKS contract, or any other related agreement, will be transferred to THE LESSEE, and the reimbursement must be made in accordance with the
provisions of the Eleventh Clause of this agreement 

 These amounts will be added any tax that levies, or that in the
future could levy the financial lease, or the ownership, use or possession of the WORKS object of this agreement. This obligation will persist even after the Call Option is exercised, when the WORKS. If, after THE LESSOR had made any of these
payments on behalf of THE LESSEE, it is determined that the collection of the tax, fine, duty or levy has been improper, THE LESSOR will refund to THE LESSEE the amount that would have transferred to it only after THE LESSOR had obtained the
corresponding reimbursement or refund from the respective entity. This clause shall remain in force even after the termination of this document. 
  

	29.3	 Without prejudice to the foregoing, and for the sole purpose of facilitating the payment of the above concepts
(hereinafter, the Debts) and not generating higher costs to THE LESSEE for delays in payment, it is hereby established that the checking account in the name of THE LESSEE that is associated with this facility, will remain in force even after the
termination of this agreement for any reason, for a term of three years from such termination. In this sense, THE LESSEE undertakes not to cancel such checking account, and expressly authorizes THE LESSOR, in the case of receiving any notice of
payment related to the Debts, to charge the corresponding amounts in the aforementioned account, under the terms established in the General and Specific Contract Conditions Applicable to the Banking Products and Service Agreement of THE LESSOR,
which THE LESSEE declares to know and accept, and in its amendments if applicable. Such charges will be informed in a timely manner to THE LESSEE to the address indicated below, who must pay the amounts charged within the term indicated in the
respective communication, otherwise THE LESSOR may initiate the corresponding legal actions. Once the term indicated in this paragraph has expired, the account may be cancelled by THE LESSEE. 

  

							
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	29.5	 All the communications relating to the execution of this agreement shall be made to the following contractual
domiciles established by the parties: 

  

	 	a)	 THE LESSOR: At the address indicated in Annex I. 

 

	 	b)	 THE LESSEE: At the address indicated in Annex I. 

The addresses and/or emails specified (at THE LESSOR’s choice) will be used to send all communications and notifications that may be
applicable in connection with this agreement, including, without the following list being limited but rather merely expository, those arising from its resolution. For all legal effects and purposes, any change of contract address of THE LESSEE
and/or the GUARANTORS (if applicable) must be communicated to THE LESSOR by means of a formal communication 30 (thirty) calendar days before the effective change date of the address. In the case of a legal entity, the communication must be signed by
the legal representative of the company. 
  

	29.6	 In the event that THE LESSOR deems it relevant, it may carry out general communications inherent thereto, such
as change of address, etc., through publications or any other means of communication other than the written communication addressed to the domicile of THE LESSEE. 

 

	29.7	 The PARTIES expressly submit to the jurisdiction and competence of the judges and tribunals of the Superior
Court of Lima, in the event of any dispute arising from the interpretation and/or execution of this agreement. This agreement is governed by the Laws of the Republic of Peru 

 

	29.8	 The PARTIES expressly acknowledge that in the event that any of the clauses of this agreement has a voiding
defect, such a situation shall not determine the invalidity of the agreement but only of the related clause or clauses deemed null and void; reason why the agreement will remain in full validity and enforceability. Without prejudice to the
foregoing, in the event that, within a clause of the agreement, any of the numerals of said clause had a voiding defect, such situation shall not determine the invalidity of the entire clause if that numeral can be removed without affecting the
validity of the corresponding clause. 

  

	29.9	 By this act, and without prejudice to the duties of secrecy and confidentiality under its responsibility, THE
LESSEE authorizes THE LESSOR from now on so that if deemed necessary it can share and/or transfer by any means or procedure, all or part of the information that it accesses whether it was provided by it, or developed by the LESSOR itself, in
relation to this financing (hereinafter referred to as the Information), to the following persons: (i) SUBSIDIARIES and/or AFFILIATES of THE LESSOR whichever their location, or to third parties selected by the aforementioned entities;
(ii) employees, officials, advisors and/or consultants, appraisers and/or inspectors of THE LESSOR; or (iii) authorities and/or supervisors under legal mandate. It is established that the duties of secrecy and confidentiality will also
extend to persons who, due to their professional activities, access the Information. 

 THIRTIETH.- OF THE FINAL STATEMENTS

  

	30.1	 THE LESSEE declares that all doubts have been cleared and that it has actually been previously informed of the
fees and expenses that are applicable to this agreement, in accordance with the provisions of the current rate schedule of THE LESSOR, which is exhibited to the public in all of its offices and the relevant part of which, THE LESSEE declares to know
and accept. 

  

	30.2	 It is expressly stated for the record that this instrument is not subject to taxes, and that all the expenses
arising out of this minutes, such as notary, registration and other expenses that are relevant, will be borne in full by THE LESSEE. Likewise, the PARTIES hereby state for the record that this agreement constitutes a sufficient title of the direct
possession of THE LESSEE over the WORKS, so that it is fully authorized to appear in any formality or procedure related to the use of the WORKS and obtain its possession, unless there is a manifestation or request to the contrary of THE LESSOR
expressed in any form. 

  

	30.3	 THE LESSEE declares to accept all of the terms and conditions of this FINANCIAL LEASE AGREEMENT and to have
read, signed and received this document and the Annexes at the time of their execution. 

  

							
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 Please add, Mr. Notary, the other Clauses required by Law, register the corresponding inserts and submit
the records of the Public Deed that this minutes originate, for registration at the request of THE LESSOR. 
 February 3, 2020. 

[Signature sheets on the following pages] 
  

					
	[Signature sheet of Oncosalud S.A.C.]
			
	ONCOSALUD S.A.C.	 		  	
			
	 [signature]
	 		  	 [signature]

	[*]	 		  	[*]
			
	  
	 	        	  	  

			
	[signature]	 		  	[signature]

  

							
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	[Signature sheet of Oncosalud S.A.C.]
			
	SCOTIABANK PERU S.A.A.	 		  	
	  
	 		  	  

	[*]	 	        	  	[*]
			
	[signature]	 		  	[signature]

 [stamp:] GSP SERVICIOS GENERALES S.A.C. CENTRAL MANAGEMENT DEPARTMENT OF 

ADMINISTRATION AND FINANCE 

[signature] 

  

							
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