Abstract Report

Main Lease

Property Name 4th Floor Occupation Name 4th Floor

Building ID 0 Lease ID MA-Burlington-02

Address 4th Floor 1 Van De Graaff Drive Company Neopost USA Inc.

City Burlington Name on Lease NEOPOST USA INC.

State Massachusetts Portfolio Type Not Specified

Country United States Status Preliminary

Post/Zip Code 01803 Vacant No

Term Status Standard Processing Group Not Specified

Company Hierarchy
Company Neopost USA Inc.

Company Hierarchy Neopost USA Inc.

Categories

District Not Specified

Basic Lease Details

Lease Type Triple Net Lease End 30-Sep-2024

Lease Term 5 Years 3 Months Lease Execution Date 01-Apr-2019

Lease Start 01-Jul-2019

Monthly Cost as of September 2019

Rent Type Current Month Amount (Net) Current Month Amount (Gross) Currency

Base Rent 10,934.00 10,934.00 USD

Prepaid Rent (364.47) (364.47) USD

Free Rent (10,569.53) (10,569.53) USD

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Total 0.00 0.00 USD

Area Ftð
Property Type Vacant Comments Effective Ending Rentable Usable Area
Date Date Area
Office No 4th Floor. (L, Sec. 1.2, 5.1, Pg. 2, 9) 01-Jul-2019 30-Sep- 3,976.00 3,976.00
2024
Total Current Area 3,976.00 3,976.00

Car Parking
Date Reserved Non-Reserved Description

01-Jul-19 0 12 During the term of this lease, and T shall be entitled to use the 12 spaces compounded at 3.2 spaces per
1000 SF of Premises rentable area, on an unreserved, first come, first served basis in the parking facility of
the Building. If T commits or allows in the parking facility any of the activities prohibited by the lease, then
LL shall have the right, w/o notice, in addition to such other rights and remedies that it may have, to remove
or tow away the vehicle involved and charge the cost to T, which cost shall be immediately payable by T
upon demand by LL. (L, Sec. 1.2, 14.21, Pg. 3, 42)

Head & Desk Count

Date Head Count Projected Head Count Desk Count

No Records

Allocation Details
Percentage
100

100

Events
Event Type Event Date Event Prompt (Mths) Notice Date Notice Prompt (Mths) Action Status

Option – Termination (Landlord) 29-Oct-2019 6 29-Sep-2019 6 Ongoing

LL shall have the right to terminate this lease by giving notice of LL's election to do so within 90 days after occurrence of such casualty or the effective date of such taking,
whereupon this lease shall terminate 30 days after the date of such notice with the same force and effect. (L, Sec. 12.2, Pg. 29)
Option – Renewal 01-Oct-2024 6 30-Dec-2023 6 Unactioned

T shall have the one right to renew the term of 5 years by giving written notice to LL not later than 9 months prior to the expiration of the initial term. (L, Sec. 115.1, Pg. 45)

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Cost Schedule
Charge Type From To Amount Tax Amount Currency Cost Type Pass Through
Free Rent 01-Jul-19 29-Sep-19 (10,934.00) 0.00 US Dollar /Month No

Vendor : Tax : 0.00000 %

RCD is Sep 30, 2019. (L, Sec. 1.2, pg. 3)
Base Rent 01-Jul-19 30-Sep-20 10,934.00 0.00 US Dollar /Month No

Vendor : Tax : 0.00000 %

Base Rent shall be @ $33.00/RSF/annum (L, Sec. 1.2, pg. 2)
Prepaid Rent 30-Sep-19 29-Oct-19 (10,934.00) 0.00 US Dollar /Month No

Vendor : Tax : 0.00000 %

T shall pay first month rent at the time of execution. (L, Sec. 3.1, pg. 5)
Base Rent 01-Oct-20 30-Sep-21 11,265.33 0.00 US Dollar /Month No

Vendor : Tax : 0.00000 %

Base Rent shall be @ $34.00/RSF/annum (L, Sec. 1.2, pg. 2)
Base Rent 01-Oct-21 30-Sep-22 11,596.67 0.00 US Dollar /Month No

Vendor : Tax : 0.00000 %

Base Rent shall be @ $35.00/RSF/annum (L, Sec. 1.2, pg. 2)
Base Rent 01-Oct-22 30-Sep-23 11,928.00 0.00 US Dollar /Month No

Vendor : Tax : 0.00000 %

Base Rent shall be @ $36.00/RSF/annum (L, Sec. 1.2, pg. 2)
Base Rent 01-Oct-23 30-Sep-24 12,259.33 0.00 US Dollar /Month No

Vendor : Tax : 0.00000 %

Base Rent shall be @ $37.00/RSF/annum (L, Sec. 1.2, pg. 2)
Base Rent 01-Oct-23 30-Sep-24 12,590.67 0.00 US Dollar /Month No

Vendor : Tax : 0.00000 %

Base Rent shall be @ $38.00/RSF/annum (L, Sec. 1.2, pg. 2)

Lease Conditions
Lease Condition Comments

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Alterations T shall make no alterations, additions or improvements in or to the Premises w/o LL's PWC. Any such alterations, additions or improvements shall
be in accordance with complete plans and specifications approved in advance by LL. All of T's alterations and additions and installation and
delivery of telephone systems, furnishings, and equipment shall be coordinated with any work being performed by LL and shall be performed in
such manner, and by such reputable, licensed and insured contractors and subcontractors as may be approved in advance by LL. Such work
shall (i) be performed in a good and workmanlike manner and in compliance with all applicable laws (ii) be made at T's sole cost and expense
and at such times and in such a manner as LL may from time to time designate, and in accordance with the construction regulations and (iii)
become part of the Premises and the property of LL. (b) All articles of personal property and all business fixtures, machinery and equipment and
furniture owned or installed by T solely at its expense in the Premises shall remain the property of T and may be removed by T at any time prior to
the expiration of this lease, provided that T, at its expense, shall repair any damage to the Building caused by such removal. (c) In any case, at
the time of LL's approval, T shall pay to LL a fee equal to 6% of the cost any alteration, addition or improvement for which T requests LL's consent
to compensate LL for the overhead and other costs it incurs in reviewing the plans and in monitoring the construction. (L, Sec. 5.2, Pg. 10-11)
Damage and Destruction (L, Sec. 12, Pg. 28-29)
Default (L, Sec. 13.1, Pg. 30-34)
Estoppel and SNDA (United States Only) ESTOPPEL: Not more often than 2 times per calendar year, and upon not less than 10 days' PWR by LL, to execute, acknowledge and deliver to
LL a statement in writing, which may be in the another form reasonably similar, or such other form as LL may provide from time to time, certifying
all or any of the following: (i) whether this lease is unmodified and in full force and effect. (L, Sec. 14.16, Pg. 40-41)
SNDA: This lease shall be subordinate to any mortgage or ground lease from time to time encumbering the Premises, whether executed and
delivered prior to or subsequent to the date of this lease, if the holder of such mortgage or ground lease shall so elect. If this lease is subordinate
to any mortgage or ground lease and the holder shall succeed to the interest of LL, at the election of such holder, T shall attorn to such holder
and this lease shall continue in full force and effect between such holder and T. T agrees to execute such instruments of subordination or
attornment in confirmation of the foregoing agreement as such holder may request, and T hereby appoints such holder as T's attorney-in-fact to
execute such subordination or attornment agreement upon default of T in complying with such holder's request. (L, Sec. 14.15, Pg. 40)
Guaranty/Guarantee Guarantor: TBD (L, Sec. 1.2, Pg. 2)
Holdover Clause Any holding over by T after the expiration of the term of this lease shall be treated as a daily tenancy at sufferance at a rate equal to 2 times the
sum of the basic rent then in effect plus escalation charges and other charges. Nothing shall be construed to constitute LL's consent to T holding
over at the expiration or earlier termination of the term. T agrees to indemnify, hold harmless and defend LL from any cost, loss, claim or liability
LL may incur as a result of T's failure to surrender possession of the Premises to LL upon the termination of this lease. Otherwise, such holding
over shall be on the terms and conditions in this lease. The LL may, but shall not be required to, and only on written notice to T after the
expiration of the term, elect to treat such holding over as a renewal of 1 year, to be on the terms and conditions. (L, Sec. 14.19, Pg. 42)
Initial Build-Out Date or Last Renovation Date Lease is silent.
Insurance (a) T shall obtain and keep in force during the term of this lease a CGL policy of insurance with coverages acceptable to LL, in LL's reasonable
discretion, which, by way of example and not limitation, protects T and LL against claims for bodily injury, personal injury and property damage
based upon, involving or arising out of the use, occupancy or maintenance of the Premises and all areas appurtenant, and under which the
insurer agrees to indemnify and hold LL, agent and those in privity of estate with LL, harmless from and against all cost, expense and/or liability
arising out of or based upon any and all claims, accidents, injuries and damages. Such insurance shall be written on an occurrence basis
providing coverage in an amount not less than the amounts of the IGLI $3M per occurrence for property damage, bodily injury or death. (b) T
shall, at all times during the term, maintain the following insurance with coverages reasonably acceptable to LL (i) workers' compensation
insurance as required by applicable law and including a waiver of subrogation in favor of LL (ii) employers liability insurance with limits of at least
$1M per occurrence and including a waiver of subrogation in favor of LL (iii) automobile liability insurance for owned, non-owned and hired
vehicles with limits of at least $1M per occurrence and (iv) business interruption and extra expense insurance in an amount no less than an
amount of rent earned during the next 12 month period. LL shall have the right to require T to increase the limits of its insurance and/or obtain
such additional insurance as is customarily required by LL owning similar real property in the geographical area of the property. All costs,
premium and deductibles or retentions for the insurance required shall be the sole responsibility of the T. Waiver of subrogation: Yes. (L, Sec.
10.2, 14.20, Pg. 26-27, 42)
Late Fees and Interest Any payment of basic rent, escalation charges or other sums payable not paid when due shall, at the option of LL, bear interest at a rate equal to
3% over the base rate in effect from time to time at bank of America from the due date and shall be payable forthwith on demand by LL, as an
additional charge. (L, Sec. 3.1, 14.18, Pg. 5-6, 41-42)

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Legal Counsel Name Lease is silent.

Operating Hours Business hours shall be from 8:00 a.m. to 6:00 p.m. (L, Sec. 7.4, Pg. 18)
Real Estate Taxes (a) Taxes shall include all taxes, assessments, betterments and other charges and impositions levied, assessed or imposed at any time during
the term by any governmental authority upon or against the Building, or taxes in lieu, and additional types of taxes to supplement RET due to
legal limits imposed. If, at any time during the term, any tax or excise on rents or other taxes, however, are levied or assessed against LL with
respect to the rent reserved, either wholly or partially in substitution for, or in addition to, RET assessed or levied on the Building, such tax or
excise on rents shall be included in taxes. Taxes shall include any estimated payment made by LL on account of a fiscal tax period for which the
actual and final amount of taxes for such period has not been determined by the governmental authority as of the date of any such estimated
payment. (b) In the event that for any reason, taxes during any tax year shall exceed base taxes, T shall pay to LL, as an escalation charge, an
amount equal to (i) the excess of taxes over base taxes for such tax year, multiplied by (ii) The Building escalation factor, such amount to be
apportioned for any portion of a tax year in which the CD falls or the term of this lease ends. (c) Estimated payments by T on account of taxes
shall be made on the first day of each and every calendar month during the term of this lease, and otherwise in the fashion provided for the
payment of basic rent. The monthly amount so to be paid to LL shall be sufficient to provide LL by the time RET payments are due with a sum
equal to T's required payments, as estimated by L from time to time, on account of taxes for the then current tax year. (d) T shall pay all taxes
charged, assessed or imposed upon the personal property of T in or upon the Premises. (L, Sec. 8.1, Pg. 22-23)
Redecoration T will not place on the exterior of the Premises or on any part of the Building outside the Premises, any signs, symbol, advertisement or the like
visible to public view outside of the Premises w/o LL's PWC. LL will NTUW consent for T's standard corporate signs or lettering on the entry doors
to the Premises, provided such signs conform to building standards adopted by LL in its sole discretion and T has submitted to LL for approval a
plan or sketch in reasonable detail of the sign to be placed on such entry doors. T shall be responsible for obtaining any necessary governmental
approvals for such signs, and for the maintenance, repair and replacement of such signs. LL agree to maintain a T directory in the lobby of the
Building in which will be placed T's name and the location of the Premises in the Building. The initial cost of placing T's name in the directory shall
be paid by LL. The cost of any subsequent modifications shall be paid by T, at T's sole expense. T shall be solely responsible for maintaining,
repairing and removing any signage not provided by LL. (L, 5.1(ii), Pg. 9)
Reinstatement, Restoration, and Surrender Upon the expiration or earlier termination of the term of this lease, T shall peaceably quit and surrender to LL the Premises in neat and clean
condition and in good order, condition and repair, together with all alterations, additions and improvements which may have been made or
installed in, on or to the Premises prior to or during the term of this lease, excepting only ordinary wear and use and damage by fire or other
casualty for which, under other provisions of this lease, T has no responsibility of repair or restoration. T shall remove all of T's removable
property and, to the extent specified by LL, all alterations and additions made by T and all partitions wholly within the Premises unless installed
initially by LL in preparing the Premises for T's occupancy and shall repair any damages to the Premises or the Building caused by such removal.
Any T's removable property which shall remain in the Building or on the Premises after the expiration or termination of the term of this lease shall
be deemed conclusively to have been abandoned, and either may be retained by LL as its property or may be disposed of in such manner as LL
may see fit, at T's sole cost and expense. T shall have the right to terminate this lease by giving notice to LL within 30 days after the expiration of
such period provided that such restoration is not completed within such period. This lease shall cease and come to an end w/o further liability or
obligation on the part of either party 30 days after such giving of notice by T unless, within such 30-day period, LL substantially completes such
restoration. Such right of termination shall be T's sole and exclusive remedy at law or in equity for LL's failure so to complete such restoration,
and time shall be of the essence with respect. (L, Sec. 12.3, 14.22, Pg. 29, 42-43)
Relocation If LL so requests, T shall vacate the Premises and relinquish its rights with respect to the same provided that LL shall provide to T substitute
space in the Building, such space to be reasonably comparable in size, layout, finish and utility to the Premises, and further provided that LL
shall, at its sole cost and expense, move T and its removable property from the Premises to such new space in such manner as will minimize, to
the greatest extent practicable, undue interference with the business or operations of T. Any such substitute space shall, from and after such
relocation, be treated as the Premises demised under this lease, and shall be occupied by T under the same terms, provisions and conditions in
this lease. (L, Sec. 14.23, Pg. 43)
Right of Offer or Right of Refusal Lease is silent.

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Security Deposit
Signage Rights
Signatory, Lessor Signatory, and Date
Tenant Improvement Allowance
Operating Expenses_Dynamic
Neopost
Abstract Report
T shall deliver to LL at the time of execution of this lease by T the security deposit of $11,762.33, as security for T's faithful performance of T's
obligations. If T fails to pay basic rent, additional rent or other charges due or otherwise defaults with respect to any provision of this lease, LL
may use all or any portion of said deposit for the payment of any basic rent or other charge due to pay any other sum to which LL may become
obligated by reason of T's default or to compensate LL for any loss or damage which LL may suffer. If LL so uses or applies all or any portion of
said deposit, T shall within 10 days after written demand deposit cash with LL in an amount sufficient to restore said deposit to its full amount. If T
performs all of T's obligations, said deposit, or so much as shall not then have been applied by LL, shall be returned, w/o payment of interest or
other amount for its use, to T within a reasonable time after the expiration of the term. T acknowledges that the security deposit is not an advance
payment of any kind or a measure of or limit on LL's damages in the event of T's default. (L, Sec. 1.2, 14.17, Pg. 3, 41)
No signs, advertisements or notices shall be painted or affixed to windows, doors or other parts of the Building, except those of such color, size,
style and in such places as are first approved in writing by LL. All T identification and suite numbers at the entrance to the Premises shall be
installed by LL, at T's cost and expense, using the standard graphics for the Building. Except in connection with the hanging of lightweight
pictures and wall decorations, no nails, hooks or screws shall be inserted into any part of the Premises or Building except by the Building
maintenance personnel w/o LL's prior approval, which approval shall NTBUW. (L, Exh. D, Sec. 3, Pg. 55)
Lease is silent.
Lease is silent.
Operating Expenses
Does Tenant pay Operating Expenses? Yes
Basis of payment Estimates with reconciliation
Estimates/payment on acccount frequency Month
Reconciliation / Actuals/ Fixed frequency Annual
Total building area 155,593 SF
Area unit of measure Ftð
Former Pro-rata share
Pro-rata share effective date
Current Pro-rata Share 2.69%
Expense cap applicable Lease is Silent
Expense cap Notes Lease is silent.
Calculation Lease is silent
Former Base Year/expense stop
Current BaseYear/Expense Stop
Gross up applicable Yes
Gross up percentage 95%
Gross up Notes Gross up shall be 95%. (L, Sec. 9.1(c), Pg. 25)
Operating Expense Notes OPEX shall include RET, insurance, repair and maintenance, utilities, janitorial
services, electricity services, management fees not to exceed 5% of the rents.
(L, Sec. 9.1, Pg. 24-25)
DocClauseRef. (L, Sec. 9.1, Pg. 24-25)
Audit Rights
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Operating Expenses_Dynamic Lease grants right to audit? Lease is Silent

Market practice allows audits? Lease is Silent
Audit window
Failure to bill provision? Lease is Silent
Audit Notes Lease is silent.
DocClauseRef.
Approved to Reach out to LL Not Specified
Last Date LL contacted for Missing Recon
Reconciliation Due Not Specified

Services
Obligation Type Responsible Recoverable From Comments
Tenant
Fire Sprinklers or Wet Fire Protection Not Specified Lease is silent.
System
Freight Elevator Cost N/A Lease is silent.

Maintenance - Landlord LL No
Maintenance - Tenant T N/A
LL agrees to keep in good order, condition and repair the roof, public areas, exterior walls and structure of
the Building all insofar as they affect the Premises, except that LL shall in no event be responsible to T for
the repair of glass in the Premises, the doors leading to the Premises, or any condition in the Premises or
the Building caused by any act or neglect of T, its invitees or contractors. LL shall not be responsible to
make any improvements or repairs to the Building other than provided, unless expressly provided otherwise
in this lease. (L, Sec. 7.1, Pg. 16-17)
T will keep neat and clean and maintain in good order, condition and repair the Premises and every part,
excepting only those repairs for which LL is responsible under the terms of this lease, reasonable wear and
tear of the Premises, and damage by fire or other casualty and as a consequence of the exercise of the
power of eminent domain, and shall surrender the Premises at the end of the term of this lease in such
condition. W/o limitation, T shall continually during the term of this lease maintain the Premises in
accordance with all laws, codes and ordinances from time to time in effect and all directions, rules and
regulations of the proper officers of governmental agencies having jurisdiction, and of the applicable board
of fire underwriters, and shall, at T's own expense, obtain all permits, licenses and the like required by
applicable law. T shall be responsible, for making the Premises comply with such act. (L, Sec. 7.2, Pg. 17)

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Services
Obligation Type Responsible Recoverable From Comments
Tenant
Utilities LL/T In Part LL shall, on business days from 8:00 a.m. to 6:00 p.m. furnish heating and cooling as normal seasonal
changes may require to provide reasonably comfortable space temperature and ventilation for occupants of
the Premises under normal business operation at an occupancy of not more than one person per 100
square feet of Premises rentable area and an electrical load not exceeding 4 watts per SF of usable area
within the Premises. T will pay to LL, as additional rent, for any such additional heat, cleaning or air
conditioning service required by T for the overtime hours. The cost for any HVAC service during overtime
hours requested by T and provided by LL will be LL's cost of providing the same plus 10%. T shall pay
electricity rent to L for the cost of electricity furnished to or consumed on the Premises, all charges for any
utilities supplied by LL that are separately metered, and all charges for telephone and other utilities or
services not supplied by LL, whether designated as a charge, tax, assessment, fee or otherwise, all such
charges to be paid as the same from time to time become due. It is understood and agreed that T shall
make its own arrangements for the installation or provision of all such utilities and that LL shall be under no
obligation to furnish any utilities to the Premises and shall not be liable for any interruption or failure in the
supply of any such utilities to the Premises. (L, Sec. 7.4, 9.3, Pg. 18, 25-26)
Water - Condenser Cost Not Specified Lease is silent.

Water - Domestic Cost Not Specified Lease is silent.

Tracking Worksheet

Type Date Tracking Amount Status Received Identifier Amount Variance Currency

Security Deposit 01-Jul-2019 11,762.33 Open 0.00 11,762.33 USD

T shall deliver to LL at the time of execution of this lease by T the security deposit of $11,762.33, as security for T's faithful performance of T's obligations. If T fails to pay basic rent, additional rent or other
charges due or otherwise defaults with respect to any provision of this lease, LL may use all or any portion of said deposit for the payment of any basic rent or other charge due to pay any other sum to which
LL may become obligated by reason of T's default or to compensate LL for any loss or damage which LL may suffer. If T performs all of T's obligations, said deposit, or so much as shall not then have been
applied by LL, shall be returned, w/o payment of interest or other amount for its use, to T within a reasonable time after the expiration of the term. T acknowledges that the security deposit is not an advance
payment of any kind or a measure of or limit on LL's damages in the event of T's default. (L, Sec. 1.2, 14.17, Pg. 3, 41)
Contacts

Contact Type Landlord Legal Entity Phone

Contact Description C/o TA Realty LLC Mobile

Contact Name C/o TA Realty LLC Fax

Contact Title E-mail Address

Address Post/Zip Code

Vendor ID

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Contacts

Contact Type Landlord Notice Phone

Contact Description c/o TA Realty LLC Mobile

Contact Name c/o TA Realty LLC Fax

Contact Title Attn: Burlington Asset Manager E-mail Address

Address 28 State Street Boston MA Post/Zip Code 02109

Vendor ID

Contact Type Remittance Address Phone

Contact Description c/o TA Realty LLC Mobile

Contact Name c/o TA Realty LLC Fax

Contact Title Attn: Burlington Asset Manager E-mail Address

Address 28 State Street Boston MA Post/Zip Code 02109

Vendor ID

Contact Type Landlord Copy Notice Phone

Contact Description Langer & McLaughlin, LLP Mobile

Contact Name Langer & McLaughlin, LLP Fax

Contact Title Attn: TA Burlington Leasing E-mail Address

Address 535 Boylston Street Boston MA Post/Zip Code 02116

Vendor ID

Lease Notes
Date Note Type Title Lease Notes

No Records

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Lease Assignment and Subletting

Subletting

Landlord Legal Entity C/o TA Realty LLC T has right to sublet? No

T may sublet to 3rd party? No LL 3rd party approval required? No

T may sublet to affiliate/group company? No LL group approval required? No

Max. no of subtenants Profit shared with LL? No

Subletting Notes

Assignment

T has right to assign? No T may assign to 3rd party? No

LL 3rd party approval required? No T may assign to affiliate/group company? No

LL group approval required? No Does LL have right of recapture? No

Recapture notes Is T change of control a breach? No

Can LL accelerate rent on assignment? No Rent Acceleration Notes

Assignee net worth restriction? No Net worth notes

T pays LL costs? No LL cost notes

Pending Items

Pending Item Type Pending Item Date Status Criticality Notes

Critical Missing Documents 23-Sep-2019 Open High LCD is estimated. Please provide CDA.

Missing Documents 23-Sep-2019 Open Low For Estoppel Lease is saying to refer Exh. F but
Exh. F is not provided in this lease. Please
provide document.

Documents
Document Date Document Name Document Abstract Location of Document Document Reference

Folder 10 - Correspondence

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Folder Correspondence Support

Folder 20 - Invoices

Folder Invoices Support

Folder 30 - Lease Documents

Folder Lease Documents Support

Folder 40 - Reconciliations

Folder Reconciliations Support

Folder 90 - Other

Folder Other Support

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