CordenPharma Proposal

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EXECUTIVE SUMMARY

CordenPharma –

On behalf of Cushman & Wakefield’s Life Science Practice Group, we greatly appreciate the opportunity to present our services to represent CordenPharma on your real estate requirement in Colorado. As lead of our team, I’ve spent my entire career advocating on behalf of companies in all aspects of their real estate strategy and have a passion for negotiations. Furthermore, our team is unique in the fact that not only do we represent tenants only (never landlords), but take that a step further and have focused the majority of our business on the life science sector. We also try to help grow the life science ecosystem in Colorado through our involvement and sponsorship of the Colorado Bioscience Association. As it pertains to your requirement, we believe we are in the best position to drive superior results for the following reasons: Relevant Experience – We are fortunate to have the most experience and knowledge of negotiating with the three landlords that would likely present the most viable options: Biomed Realty, Beacon Capital, and Breakthrough Properties. We are in active negotiations with all of these landlords right now on behalf of clients like KBI Biopharma, Think Biosciences, Inscripta, Enveda Biosciences, and Infinome Biosciences. As you review the enclosed package, this should be apparent due to the detailed information regarding these landlords’ assets and our specific understanding of exactly where they are in the permitting timeline. Speed to Market – We are the only team that has experience negotiating a lease with Biomed and working with them on the build out timeline of a new lab. The Enveda Biosciences 60,000 square foot facility in Flatiron Park is the only lab lease signed and currently under construction with Biomed Realty since they purchased Flatiron Park in January 2022. We know exactly how long it will take to get the lab space built out and can apply short cuts based on our experience on the Enveda project. Additionally, the other key to successfully completing your facility will be assembling the right team of vendors (e.g., project manager/architect/contractor) and we are well versed with the players so we can assemble a team quickly. We would recommend getting a project manager engaged immediately to start assembling the team and we can provide this service at Cushman & Wakefield or advise on multiple third party PMs that we have worked with over the years. Engagement Guaranty – I listened to your concern as it relates to the cost of our engagement and that it would simply drive a higher rent for your lease. I respect and understand this perspective, but I know the value that we will bring to the process and have no doubt we’ll drive more value than our fee would be from the landlord. Since we have no history working together, I believe the best way to address this concern is by providing references that can speak to our value AND inserting a guaranty that we will improve on your terms in our engagement agreement. I’ve included our standard engagement agreement, but you’ll see I added a Value Guaranty section whereby I state that I will forgo any commission on this transaction if I don’t improve on the terms you have received from Biomed Realty. If there is anything that I have not addressed, please let me know! I’m hopeful I’ve demonstrated that our team is uniquely positioned with our extensive experience in Boulder and with life science companies to be selected for this assignment.

Steve Billigmeier Vice Chairman

Proposal for Real Estate Services CORDENPHARMA 5