EX-10.31.1



 Exhibit 10.31.1 

This Lease, dated the 3rd day of June 1999, between HELLER, ALPER, ROBERTS, VOLK – EDISON, a New Jersey general partnership having an
office at 205 Mill Road, Edison, New Jersey 08837 (hereinafter designated as “Landlord”), and JOSHEN PAPER AND PACKAGING COMPANY, an Ohio corporation having an office at 5808 Grant Avenue, Cuyahoga Heights, Ohio 44105 (hereinafter
designated as “Tenant”). 
 W I T N E S S E T H: 

FOR AND IN CONSIDERATION of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties hereto do hereby covenant and agree as follows: 
 ARTICLE
I—DEMISE and PREMISES 
 Section 1.01. Demise and Premises. Landlord does hereby demise and lease to Tenant and Tenant
does hereby take and hire from Landlord a portion of all that certain tract or parcel of land, together with the building and improvements (the building and improvements being leased to Tenant hereunder collectively hereinafter designated as the
“Building”) erected thereon by Landlord, as provided herein, situate, lying and being in the Township of Edison, County of Middlesex, State of New Jersey and shown on the plan(s) designated Exhibit A, annexed hereto and made a part hereof,
the lands aforesaid being more particularly described on Exhibit B annexed hereto and made a part hereof, together with the fixtures and equipment therein and the appurtenances now or hereafter belonging or pertaining thereto (all referred to
hereinafter as the “Demised Premises” or the “Premises”). 
 TO HAVE AND TO HOLD for the Term and at the rents as
herein provided, subject to the terms, covenants and conditions herein contained which each of the parties hereto expressly covenants and agrees to keep, perform and observe. 

ARTICLE II—TERM and COMMENCEMENT 

Section 2.01. Term and Commencement. 

(a) Term. The term of this Lease is five (5) years (“Term”). 

(b) Commencement of Term. The Term shall commence on July 1, 1999 (hereinafter designated as “Commencement Date”)
and shall terminate at 5:00 P.M. (prevailing time) on June 30 , 2004. 







 (c) Commencement Date Agreement. Within ten (10) days after the request of
either party, Landlord and Tenant shall execute, acknowledge and deliver to each other duplicate originals of an agreement, in recordable form, setting forth the Commencement Date. 

Section 2.02. Right of Renewal. Provided this Lease is not in default, the Tenant is granted a right of renewal of this Lease as
follows: At the option of the Tenant, the Term of this Lease may be extended for two (2) renewal period(s) of three (3) years and two (2) years respectively, each by written notice to the Landlord at least six (6) months prior to
the expiration of the Term, or any renewal Term thereof, as the case may be. Upon valid exercise of any such rights of renewal, the terms of this Lease shall remain in full force and effect except that Basic Rent shall be as stipulated in
Section 5.03 and the Term shall include the exercised renewal term. 
 ARTICLE III—PLANS 

Section 3.01. Plans. The parties hereto have approved plans of the Building (hereinafter called “Plans”) prepared by
Abraham Hertzberg, Consulting Engineer, P.C (hereinafter called “Architect”) and attached hereto as Exhibit A. 
 It is to
be noted that the Demised Premises consist of a portion of the one-story building which encloses a total area of 202,705 square feet (including 868 square feet of Mezzanine area). The portion of said building demised by said Lease as shown on the
Plans comprises 97,194 square feet. 
 The Demised Premises also include the land under the portion of the building aforesaid, as well as
land outside of the building area within the “Lease Line” as shown on Exhibit A. The Demised Premises are more particularly described in Exhibit B. 

Section 3.02. Work Prior or Subsequent to Commencement. Prior to or subsequent to the Commencement Date, Landlord represents that
it will perform certain “Work To Be Performed By Landlord” as specifically set forth on Exhibit A. Landlord shall perform such work in an expeditious manner and there shall be no reduction in Basic Rent or additional rent pending the
completion of said work. 
 ARTICLE IV—LANDLORD’S COVENANTS 

Section 4.01. No Waiver by Tenant. No act of Tenant, including the taking possession of the Demised Premises, shall constitute a
waiver by Tenant of any of Landlord’s obligations respecting the Building or to correct any defects in materials or workmanship as provided in this Lease. 

  
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 Section 4.02. Landlord’s Covenants Regarding Construction. Landlord represents,
warrants and covenants that on the Commencement Date: 
 (i) The Building will be structurally safe and sound and that all parts
thereof and all mechanical equipment therein (except such as may be installed by Tenant) will be in good working order; 
 (ii) Liability of
the Landlord as to the foregoing (i) shall be limited in time and to the extent set forth in Section 10.01; and 
 (iii) All
utilities serving the Demised Premises will have been installed and paid for. 
 ARTICLE V—RENT and PAYMENT 

Section 5.01. Rent During Term. Landlord reserves and Tenant covenants to pay to Landlord during the Term of this Lease without
demand or notice, and without any setoff or deduction, a net basic rental (herein called “Basic Rent”) in advance on the first day of each and every month, as follows: 

7/1/99 – 6/30/2004         $370,309.14/yr         payable
        $30,859.10/mo 
 Section 5.02. Payment of Rent. The Basic Rent and all
additional rents and moneys payable to Landlord under this Lease shall be paid at the above address of Landlord or at such other address or to any entity Landlord transfers the management of the real property leased hereunder to as may be specified
by Landlord from time to time by notice given to Tenant. 
 Section 5.03. Rent During Renewal Term(s). In the event the
Tenant shall exercise the option(s) to renew this Lease for any of the renewal periods provided for in Section 2.02, the annual Basic Rent during each renewal period shall be adjusted for the applicable term thereof by multiplying $370,309.14
by the “Index Change” hereinafter defined, provided, however, that the Basic Rent during the renewal period(s) shall not be less than the Basic Rent paid upon expiration of the immediately preceding period. 

Section 5.04. The first monthly installment of Basic Rent shall be due and payable by Tenant on the Commencement Date. Subsequent
monthly installments of Basic Rent shall be due and payable by Tenant on or before the first day of each month following the Commencement Date and continuing thereafter until the expiration of the Term. Basic Rent for the Fractional Month, if any,
shall be prorated and shall be due and payable by Tenant on the first day of the month following the month in which the Commencement Date occurs. 

  
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 Upon the execution of this Lease, Tenant shall pay to Landlord a deposit in the amount of the
first monthly installment of Basic Rent which deposit shall be held by Landlord as additional security for Tenant’s performance of this Lease and applied by Landlord against the first monthly installment of Basic Rent due on the Commencement
Date. 
 ARTICLE VI—TAXES and IMPOSITIONS 

Section 6.01. Real Estate Taxes. Tenant shall pay to Landlord, as additional rent, its pro rata share of real estate taxes and
assessments levied or assessed against the property of which the Demised Premises forms a part (hereinafter “Landlord’s Property”) and all those real estate taxes and assessments levied or assessed against the Demised Premises or any
part thereof applicable to the period of time Tenant leases the Demised Premises, whether payable during the Term of the Lease, or subsequent to the expiration of this Lease. This obligation shall include those real estate taxes and assessments
presently in effect, as well as those enacted in the future. 
 Tenant acknowledges that Real Estate Taxes are currently payable to
the local assessing authority on a quarterly basis and that such tax bills represent payment of Real Estate Taxes applicable to the quarter in which the bill is issued. 

Such payment as to all real estate taxes or assessments levied or assessed against Landlord’s Property or the Demised Premises or any
part thereof, shall be made by Tenant to Landlord within ten (10) days after Tenant’s receipt of an invoice or statement from Landlord setting forth the amount of such taxes or assessments and Tenant’s pro rata share thereof. Such
invoice or statement shall include a copy of the Real Estate Tax bill or assessment for which Tenant is responsible. 
 The real estate
taxes and assessments aforesaid shall be apportioned by Landlord among tenants or users of Landlord’s Property, including Landlord, to arrive at Tenant’s pro rata share of real estate taxes and assessments. The computation of Tenant’s
pro rata share of taxes on land and buildings shall be made by multiplying the real estate taxes or assessments levied against the Landlord on Landlord’s Property of which the Demised Premises forms a part by a fraction the numerator of which
is the number of square feet of building premises demised to Tenant and the denominator of which is the total number of square feet in the building assessed by the taxing authorities. In the calculation of the total number of square feet of building
premises demised to Tenant, finished space, i.e. offices, including toilet areas, shall be weighted in determination of the numerator in the fraction described in this subsection by doubling the square footage devoted to such finished space. 

  
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 To the extent that Tenant shall be liable for the payment of other taxes under this Article VI
which may be assessed against Landlord or for which Landlord may become liable by reason of its estate or interest in the Demised Premises, Tenant shall pay its pro rata share thereof in accordance with the above. 

Tenant’s pro rata share on the Commencement Date shall be 50.20%. 

Section 6.02. Other Taxes and Payment Thereof. In addition to the pro rata taxes and assessments described in Section 6.01,
Tenant shall pay pro rata in accordance with Section 6.01 for each and every item of expense in the nature of a tax or charge or assessment for which Landlord is or shall become liable by reason of its estate or interest in the Demised
Premises, or any part thereof, including, without limiting the generality thereof, all personal property taxes, gross receipts taxes, use and occupancy taxes, and excise taxes levied or assessed against Landlord or Tenant by reason of the use,
occupancy or any other activity by the Tenant in connection with the Demised Premises or any part thereof, or which may be levied or assessed or imposed upon any rents or rental income, as such, payable to Landlord or payable to Tenant from any
subtenant in connection with the Demised Premises or any part thereof. There is expressly included among Tenant’s obligations with respect to taxes and assessments as set forth in this Article any tax which may be levied against Landlord
enacted as part of tax reform legislation in lieu of taxes presently levied against real estate or any portion thereof. 

Section 6.03. Certain Taxes Not Payable by Tenant. Tenant shall not be required to pay any of the following taxes or governmental
impositions which shall be levied or imposed against Landlord by any governmental authority: 
 (i) Any estate, inheritance,
devolution, succession, transfer, legacy or gift tax which may be imposed upon or with respect to any transfer of Landlord’s interest in the Demised Premises; 

(ii) Any capital stock tax or other tax imposed against Landlord for the privilege of doing business; 

(iii) Any income tax levied upon or against the profits of the Landlord from all sources. 

Section 6.04. Apportionment During First and Last Year of Term. Any bill for real estate taxes and assessments (including
installments pursuant to Section 6.05 below) which includes a period of time within the Term and a period of time prior to the commencement of the Term or a period of time after the expiration of the Term shall be apportioned between Landlord
and Tenant so that Tenant shall only be responsible for that portion of the bill that covers real estate taxes or assessments assessed for the period of time within the Term. Accordingly, Tenant shall remain responsible for any and all such bills
issued after the Term of this Lease that are applicable to the period of time within the Lease Term. 

  
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 Section 6.05. Assessments Payable in Installments. Landlord agrees to exercise its
option, if applicable, to pay any assessments levied by any governmental or municipal agency or authority (other than periodic real estate tax payments covered by Section 6.01 above) in annual installments. 

Tenant shall pay the first installment within ten (10) days of its receipt of an invoice for same. Subsequent installments shall be paid
by Tenant to Landlord annually, from the date of payment of the first installment paid, or at least five (5) days before the last day on which each such installment may be paid without penalty or interest, whichever comes first. 

Section 6.06. Contest. In the event Landlord contests any assessment for taxes or assessments by the taxing authorities of the
Township of Edison Tenant agrees that Tenant will reimburse Landlord for its pro rata share of all costs of such appeal. 

Section 6.07. Alternate Method of Payment of Taxes. At the request of Tenant or Landlord, Landlord shall prepare an estimate of
Real Estate Taxes and/or Fire Service Billing applicable to the current calendar year (whether payable in that year or later) and shall give notice to Tenant of the monthly payment to be made to Landlord. The first monthly payment shall be due
within ten (10) days of Tenant’s receipt of Landlord’s notice. Subsequent payments shall thereafter be due and payable simultaneously with the payment of Basic Rent. 

The parties further agree that each year Landlord shall submit to Tenant a statement, with copies of actual bills, setting forth the amount of
Real Estate Taxes and/or Fire Service Billing applicable to the current year or the previous year, as applicable. Such statement shall include either an Invoice for additional monies due or a reimbursment to Tenant as appropriate. Payment of the
aforesaid Invoice shall be made by Tenant to Landlord within ten (10) days of Tenant’s receipt of same. Such statement shall be accompanied by a revised estimate of the monthly payment due for the then current calendar year (or a portion
thereof if this Lease shall be terminated during such calendar year). 
 ARTICLE VII—INSURANCE 

Section 7.01. Coverage and Amount. Tenant covenants and agrees to pay to Landlord, as additional rent, during the Term of this
Lease its pro rata share, to be calculated as hereinafter provided, of premiums for insurance to be procured by Landlord, insuring Landlord, the coverage to be as follows: 

  
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 (i) Insurance on the Building and building equipment, fixtures and appurtenances,
against all loss and damage including, but not limited to, coverage by an insurance policy with agreed amount endorsement and replacement cost endorsement, in an amount no less than One Hundred percent (100%) of the full replacement value
thereof (exclusive of cost of excavation and land) from time to time; 
 (ii) Rent insurance covering the risks described in
(i) above in the amount equal to the Basic Rent and additional rent payable; 
 (iii) If and when obtainable and
generally carried on buildings of the type to be leased hereunder, war risks and nuclear damage, as well as flood and earthquake insurance for the full replacement value of the Demised Premises if such insurance is required by any institutional
first mortgagee of the Premises; 
 (iv) Any additional insurance coverages as may be reasonably required from time to time,
by Landlord, in the exercise of its reasonable judgement, or by any institutional first mortgagee of the Premises; and 
 (v)
Commercial general liability insurance for claims arising out of the ownership, operation and control of the Demised Premises as to liability of Landlord in limits of not less than Five Million Dollars ($5,000,000.00) combined single limit arising
out of one occurrence. The Landlord may insure his liability under his Blanket Comprehensive General Liability Policy, Umbrella Liability Policy, and Environmental Impairment Liability Policy, and the Tenant will reimburse the Landlord for the
Tenant’s pro rata share of the premium. 
 Section 7.02. Tenant’s Pro Rata Share of Insurance Premiums. Tenant’s
pro rata share of insurance premiums shall be calculated in accordance with Section 6.01 of Article VI. In addition to the premiums to be paid as aforesaid by Tenant, in the event of loss to the Demised Premises as a result of an insured
casualty, any deductible amount on the policy coverage in question shall be paid by Tenant. In the event of a loss to the Demised Premises and any other portion of the Building of which the Demised Premises is a part, any deductible amount on the
policy coverage in question shall be paid by Tenant to the extent of the proportion which the damage to the Demised Premises bears to the total damage to the Building. 

Section 7.03. Method of Payment of Pro Rata Insurance Premiums. Landlord shall furnish to Tenant statements with calculations of
the actual Premiums paid by the Landlord for the coverage aforesaid, and the pro rata share thereof which is Tenant’s responsibility under the Lease. Tenant will pay to Landlord, as additional rent, its pro rata share of such Premiums, plus a
15% handling charge, within ten (10) days of Tenant’s receipt of said statement. 

  
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 Section 7.04. Insurance Procured by Tenant. 

(a) Tenant covenants and agrees to provide on or before the earlier of (i) the Commencement Date; or (ii) Tenant’s, or any third
party acting on behalf of Tenant, entering upon the Demised Premises for any purpose; and to keep in force during the Term and Renewal Term, if any, commercial general liability insurance relating to the Demised Premises and its appurtenances on an
occurrence basis, including but not limited to contractual liability in connection with Tenant’s indemnity of Landlord herein, with minimum limits of liability in the amount of $5,000,000.00 in respect of bodily injury or death and/or property
damage combined. 
 (b) Tenant covenants and agrees to provide insurance coverage for any and all trade fixtures and personal property
(including, but not limited to, any furniture, machinery, goods, products or supplies) of Tenant, which Tenant may have upon or within the Demised Premises. Landlord shall not be responsible to insure any of Tenant’s trade fixtures or personal
property. 
 (c) The aforesaid liability insurance coverage shall be issued in the name of Tenant naming Landlord, and any entity Landlord
transfers the management of the real property leased hereunder to, as additional insureds and shall be written by one or more responsible insurance companies satisfactory to Landlord, in form satisfactory to Landlord; all such insurance may be
carried under a blanket policy covering the Premises or any other of Tenant’s facilities. The minimum limits of such insurance shall in no way limit or diminish Tenant’s liability pursuant to Article XX hereto. Tenant shall deliver to
Landlord a certificate of insurance to show compliance with its obligations hereunder on or before the earlier of (i) the Commencement Date; or (ii) Tenant’s entering upon the Demised Premises for any purpose and thereafter at least
thirty (30) days prior to the expiration of each policy, together with satisfactory evidence of the payment of premiums thereof. 

Section 7.05. Limits of All Insurance. The limits of all insurance contemplated in this Lease shall be subject to change at any
time and from time to time after the Commencement Date as the Landlord, in the exercise of its reasonable judgement, or mortgagee may deem same necessary for adequate protection. 

Section 7.06. Fire Insurance Premiums and Requirements. Tenant agrees, at its own cost and expense, to comply with all
requirements of the insurance carriers providing the insurance coverage in force pursuant to the provisions hereof and to the applicable sections of the “National Fire Codes” as published by the National Fire Protection Association. If, at
any time, and from time to time, as a result of or in connection with any failure by Tenant to comply with the foregoing sentence or any act or omission or commission by Tenant, its employees, agents, contractors or licensees, or as a result of or
in connection with the use to which the Premises are put (notwithstanding that such use may be for the purposes herein permitted or that such use may have been  

  
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consented to by Landlord) the fire insurance premium(s) applicable to the Premises, or the Building in which same are located, or to any other premises in said Building (including rent insurance
relating thereto) shall be increased as a result of such act, use, or occupancy; Tenant agrees it will pay to Landlord on demand as additional rent such portion of the premiums for all fire insurance policies in force with respect to the premises of
the Landlord of which the Demised Premises are a part (including rent insurance relating thereto) as shall be attributable to such act, use or occupancy. 

Section 7.07. Waiver of Subrogation. Landlord shalt not be liable for any damage by fire or other peril insured against in the
coverage afforded by an “all risk” policy of insurance or in the insurance required to be provided by Tenant under Section 7.04(b) above (whether or not such coverage is in effect), no matter how caused, it being understood that the
Tenant will look solely to its insurer for reimbursement. 
 Tenant shall not be liable for any damage by fire or other peril
includable in the coverage afforded by an “all risk” policy required to be provided by Landlord under Section 7.01(i) above (whether or not such coverage is in effect), no matter how caused, it being understood that the Landlord will
look solely to its insurer for reimbursement. 
 Each party, as applicable, shall obtain a waiver of subrogation endorsement if necessary to
permit the waiver of subrogation and mutual release as set forth herein in connection with any applicable insurance policy carried by it. Any waiver of either party’s rights against the other as contained in this Section shall be ineffective if
such waiver of subrogation endorsement is not be obtained by both parties. 
 ARTICLE VIII—CONSTRUCTION OR OTHER WORK 

Section 8.01. Conditions as to Repairs, Alterations or Other Work. Whenever any repairs, alterations, changes or other work in,
on, to or about the Premises shall be made by either Landlord or Tenant as provided in this Lease: 
 (i) The work
shall be done in a good and workmanlike manner and in compliance with all applicable laws, ordinances and codes, and all applicable governmental rules, regulations and requirements, and in accordance with the standards, if any, of the Board of Fire
Underwriters, or other organizations exercising the functions of a board of fire underwriters whose jurisdiction includes the Demised Premises; 

(ii) All materials and workmanship shall be of good quality, and in case of repairs, restoration, changes, additions,
alterations or improvements, shall be at least equal to the original and consistent with the original construction as to design, appearance, function and wearability; 

  
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 (iii) All said work shall be paid for as promptly as is practicable and
consistent with good business practices under the then existing circumstances; 
 (iv) Such work shall be done as promptly as
is possible and practicable under the existing circumstances; 
 (v) The commercial general liability insurance provided for
in Section 7.04 shall be extended by Tenant, if necessary, to apply to the work being done, and evidence thereof shall be delivered to the Landlord prior to the commencement of such work. Tenant’s failure to have such insurance extended or
its failure to provide such certificate shall in no way limit or diminish Tenant’s liability pursuant to Article XX below; 

In the case of Tenant(s) contractor(s) performing such work, Tenant’s contractor(s) shall carry commercial general
liability insurance relating to the work being done on an occurrence basis, with minimum limits of liability in the amount of 51,000,000.00 in respect of bodily injury or death and/or property damage combined; evidence thereof shall be obtained by
Tenant prior to the commencement of such work. The aforesaid liability insurance shall be issued in the name of Tenant’s contractor(s) naming Tenant and Landlord as additional insureds and shall be written by one or more responsible insurance
companies. The minimum insurance limits of Tenant’s contractor(s), or such contractor(s) failure to obtain or retain such insurance, shall in no way limit or diminish Tenant’s liability pursuant to Article XX below; 

(vi) The party doing or having work done shall carry or cause its contractors, if any, to carry worker’s compensation
insurance as required by law in connection with such work, and evidence thereof shall be delivered to the other party prior to the commencement of such work; 

(vii) Title to all buildings, building fixtures and improvements erected and installed by Tenant (but not Tenant’s trade
fixtures, however the same may be attached to the realty) shall become the property of Landlord upon the expiration or earlier termination of this Lease; 

(viii) The contractor or the party performing the work shall obtain an official certificate of occupancy or an amended
certificate of occupancy upon completion of the work in each instance if under local practice such certificates of occupancy are issued or required in connection with such work. The party performing the work shall also obtain the certificate from
the Board of Fire Underwriters, or other organization exercising the same functions, whose jurisdiction includes the Demised Premises in each instance, certifying that the electrical work has been properly completed whenever the work done involves
any electrical work for which such a certificate is issued under local practice. If, 

  
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under local practice, official certificates of occupancy are not issued or required by a governmental officer or department, or if the Board of Fire Underwriters, or other such organization does
not issue certificates on proper completion of electrical work, this covenant shall be satisfied upon issuance of such certifications by an architect or engineer licensed in the state in which the Demised Premises is located; and 

(ix) Landlord agrees to join in the applications for all permits and authorizations whenever necessary. 

ARTICLE IX—MECHANIC’S LIENS 

Section 9.01. Mechanic’s Liens Prohibited. Tenant shall not suffer any mechanic’s lien to be filed against the Demised
Premises by reason of work, labor, services or materials performed or furnished to Tenant or to anyone holding the Demised Premises, or any part thereof, through or under Tenant. If any mechanic’s lien or any notice of intention to file a
mechanic’s lien shall at any time be filed against the Demised Premises, (unless the labor or materials were actually performed for or furnished to Landlord in connection with its obligations under this Lease) Tenant shall at Tenant’s
cost, within fourteen (14) days after knowledge or notice of the filing of any mechanic’s lien cause the same to be removed or discharged of record by payment, bond, order of a court of competent jurisdiction, or otherwise. 

Section 9.02. Landlord’s Remedy for Tenant’s Breach. If Tenant shall fail to remove or discharge any mechanic’s
lien or any notice of intention to file a mechanic’s lien within the prescribed time, then in addition to any other right or remedy of Landlord, Landlord may, at its option, procure the removal or discharge of same by payment or bond or
otherwise. Any amount paid by Landlord for such purpose, together with all legal and other expenses of Landlord in procuring the removal or discharge of such lien or notice of intention and together with interest thereon at the Lease Interest Rate
(as hereinafter defined) shall be and become due and payable by Tenant to Landlord as additional rent, and in the event of Tenant’s failure to pay therefor within fifteen (15) days after demand, the same shall be added to and be due and
payable with the next month’s rent. 
 Section 9.03. Non-Consent of Landlord to Filing of Liens. Nothing contained
in this Lease shall be construed as a consent on the part of Landlord to subject Landlord’s estate in the Demised Premises to any lien or liability arising out of Tenant’s use or occupancy of the Premises. 

  
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 ARTICLE X—REPAIRS and MAINTENANCE 

Section 10.01. (a) Landlord’s Covenants. Landlord at its sole cost and expense shall remedy all defects in workmanship
and materials in the Demised Premises, evidence of which shall appear or be discovered within twelve (12) months after the Commencement Date. Landlord shall not be liable under this Section however unless Tenant shall give Landlord notice
specifying such defects or the need for remedying them on or before the last day of the twelfth month of the Term. 
 (b)
Structural Components. In addition Landlord at its sole cost and expense shall remedy all defects in workmanship and materials in the Demised Premises with respect to the Structural Components of the Building, evidence of which shall appear
or be discovered within thirty-six (36) months after the Commencement Date, and shall repair all damage to the Demised Premises caused thereby. For the purpose of this paragraph, this term Structural Components shall be limited to the
structural steel framing including roof framing, the foundations, and the masonry perimeter walls (excluding all windows, plate glass, and doors). Landlord shall not be liable under this Section however unless Tenant shall give Landlord notice
specifying such defects or the need for remedying them on or before the last day of the thirty-sixth (36th) month of the Term. 

(c) Alterations by Tenant. Notwithstanding any of the above, if Tenant shall make any changes or alterations, structural or
otherwise, to any portion of the Building, Landlord’s obligations under this Section 10.01 shall not thereafter extend to any portion of the Building affected by such change or alteration. 

(d) Limited Liability of Landlord. Landlord’s liability under the provisions of this Article X is limited to repair or
correction of the defect or condition to be rectified, and Landlord shall not be liable for any loss or damage, direct or consequential. Landlord shall not be required to make any repairs caused by Tenant’s abuse or misuse, or lack of routine
maintenance, of the Demised Premises. 
 Section 10.02. Tenant’s Obligations. Except for items which are the
obligation of Landlord under Section 10.01 hereof, Tenant, for and during the Term of this Lease, at Tenant’s sole cost and expense, assumes all responsibility and obligation for the physical condition of the Demised Premises and shall:

 (a) Keep and maintain in good repair, as well as paint and decorate, the exterior and interior of the Demised Premises
including, but not limited to, all structural repairs, roof, floor, doors, windows, dock levelors, heating, ventilating and air conditioning systems, electrical system, sprinkler system and plumbing facilities. Damage to party walls shall be
repaired by Tenant if the cause of the damage is initiated on the Demised Premises. 

  
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 Notwithstanding anything herein to the contrary, Tenant shall not be required to
install a new roof membrane on the building, unless such new roof membrane is required as result of any action by Tenant or Tenant’s abuse of the roof membrane. 

(b) Keep and maintain the Demised Premises in a clean and sanitary condition free from rubbish, flammable or other
objectionable materials. 
 (c) Perform all normal routine adjustments and maintenance on all equipment, including but not
limited to filter changes, cleaning and lubrication of heating, ventilating and air conditioning systems. 
 (d) Repair or
replace as required, all mechanical and working parts used in connection with doors, windows, dock levelors, the heating, air conditioning, electrical, plumbing and sprinkler and other systems. 

(e) Keep, maintain and repair all drainage facilities including drainage pipes, ditches and detention areas, as well as the
lawns, shrubbery, driveways and parking areas, including the keeping of the driveways, sidewalks and steps and parking areas free and clear of ice and snow. 

(f) Comply with all present and future applicable Federal, State and local laws, ordinances and codes and all applicable rules,
regulations and requirements, including without limitations, those relating to environmental protection and the requirement set forth in the applicable sections of the “National Fire Codes” as published by the National Fire Protection
Association; and pay any and all costs of compliance and all fines and penalties imposed upon Landlord, or consequential damages incurred, by reason of any violations thereof. 

Section 10.03. Landlord’s Remedy for Tenant’s Breach. In the event Tenant shall fail or neglect to comply with the
aforesaid statutes, ordinances, rules, orders, regulations and requirements referred to in this Article X, or any of them, or in the event Tenant shall fail or neglect to make any repairs required of it, then Landlord or Landlord’s agents may,
after compliance with the notice requirements set forth in Article XIII hereof, enter in and upon the Demised Premises to make an inspection and make said repairs and comply with any and all said statutes, ordinances, rules, orders, regulations or
requirements, at the cost and expense of Tenant, and in the event of Tenant’s failure to pay therefor within fifteen (15) days after demand the said cost and expense shall be added to the next month’s rent and be due and payable as
additional rent. This provision is in addition to the right of the Landlord to terminate this Lease by reason of any default on the part of Tenant, and Landlord’s remedies provided in Article XXI. 

  
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 ARTICLE XI—FIRE, DAMAGE and DESTRUCTION 

Section 11.01. Notice of Casualty, Continuation of Lease, Restoration. In the event of the total destruction of the Building or
the Demised Premises by fire or otherwise during the Term created hereby or prior thereto, or in the event of such partial destruction thereof: (a) Tenant shall immediately notify Landlord in writing thereof; (b) upon receipt of said
notice Landlord shall have its Architect make a full and comprehensive report on the damage of the Premises and/or Building, and ascertain the number of days to complete the repair of the Building or Premises. Unless such damages can, in the opinion
of Landlord’s Architect, be repaired within one hundred twenty (120) days after its occurrence, this Lease and the Term hereby created shall cease and become null and void from the date of such damage or destruction, and Tenant shall upon
written notice from Landlord, then immediately surrender the Demised Premises and all interest therein to Landlord, and Tenant shall pay Basic Rent and any additional rent within said Term only to the time of such damage or destruction. 

If, however, in such Architect’s opinion, the damage aforesaid can be repaired within one hundred twenty (120) days from the
occurrence thereof, Landlord shall repair or rebuild the Demised Premises with all reasonable speed, and this Lease shall continue in full force and effect, but there shall be an abatement of Basic Rent and any additional rent to the extent of
insurance payments received from rent insurance. 
 Section 11.02. Statutory Conditions. Tenant hereby expressly waives the
benefit of N.J.S.A. 46:8-6 and 46:8-7. Tenant agrees that it will not be relieved of the obligation to pay basic net rent or any additional rent in case of damage to or destruction of the Demised Premises except as specifically provided in this
Lease. 
 ARTICLE XII—EMINENT DOMAIN 

Section 12.01. Total Taking. In the event that any public authority or agency holding the power of eminent domain under applicable
law shall at any time during the term of this Lease condemn or acquire title in lieu of condemnation of substantially all of the Demised Premises, this Lease and the Term hereby created shall terminate and expire as of the date upon which title
shall vest in such authority, and Tenant shall pay Basic Rent and any additional rent only to the time of such vesting of title. 

Section 12.02. Partial Taking. If there shall be only a partial taking or condemnation as aforesaid which shall not substantially
prevent Tenant’s use of the Demised Premises for purposes of its business, this Lease shall thereafter continue as to the untaken part and Tenant shall be entitled to a reduction in the Basic Rent in such proportion and in such manner us shall
be fair and equitable, and if the parties hereto cannot agree thereto the dispute shall be settled by arbitration as set forth in this Lease. 

  
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 Section 12.03. Restoration by Landlord. If there shall be a partial taking and this
Lease shall continue as to the remaining balance of the Demised Premises, Landlord, at its own expense and as promptly as practicable, shall restore the remaining building and land as nearly as may be practicable to their former condition.

 Section 12.04. Award to Landlord. Landlord reserves the exclusive right to negotiate with the condemning authority with
respect to any proposed award, and all damages and compensation paid for the taking under the power of eminent domain, whether for the whole or a part of the Demised Premises shall belong to and be the property of Landlord, except that Landlord
consents to efforts by Tenant separately to seek additional compensation from the condemning authority for the loss of depreciated value of leasehold improvements installed by Tenant resulting from the taking, provided always, that Tenant hereby
releases and disclaims any interest or right whatsoever in the award or compensation offered or paid by the condemning authority to the Landlord for the loss of the fee. There is expressly excluded from any right of compensation to the Tenant and
the Tenant expressly waives, any claim against the condemning authority for dimunition in the value of the leasehold. 

Section 12.05. Notwithstanding any of the paragraphs above pertaining to eminent domain, there is expressly reserved to the Tenant
the right to recover against the condemning authority for its actual reasonable expenses in moving its business from the Demised Premises and its actual direct losses in tangible personal property by virtue of the taking, all as contemplated in the
Relocation Assistance Act (R.S. 20:4-1 et seq), and rules and regulations adopted by the Department of Community Affairs of the State of New Jersey pursuant to the legislation aforesaid, and applicable regulations of the State Department of
Transportation contemplated in the said Relocation Assistance Act. 
 ARTICLE XIII—NOTICES 

Section 13.01. Notices. Every notice required or permitted under this Lease shall, unless otherwise specifically provided herein,
be given in writing and shall be sent by United States Certified Mail, return receipt requested, addressed by the party giving, making or sending the same to the Landlord at the address first above given, and to the Tenant at the Demised Premises or
to such other address as either party may designate from time to time by a notice given to the other party. Notice shall be deemed to be given upon receipt, provided, however, that in the event a party shall refuse to accept delivery of said
Certified Mail, the notice shall nevertheless be deemed to be given upon the date of refusal to accept delivery and further provided that if the postal service is unable to deliver said Certified Mail the notice shall nevertheless be deemed to be
given as of the date of the Postal Service’s second notice of attempted delivery. Notwithstanding the above, a notice of change of address shall not be effective until received. 

  
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 Landlord may, at its option, substitute for service by United States First Class Certified Mail,
service by Federal Express or similar overnight courier, provided that such courier obtains and makes available to its customers evidence of delivery. Notice given via such courier shall be deemed to be given upon receipt. 

ARTICLE XIV—MEMORANDUM of LEASE 

Section 14.01. Memorandum of Lease. Tenant shall not record this Lease, but if either party should desire to record a short form
Memorandum of Lease setting forth only the parties, the Demised Premises and the Term, such Memorandum of Lease shall be executed, acknowledged and delivered by both parties upon notice from either party. 

ARTICLE XV—USE 

Section 15.01. Use. The Demised Premises shall be used and occupied by Tenant as an office, warehouse and distribution facility
for non-hazardous and non-caustic products. 
 This shall not be construed to restrict the Tenant’s use of the Demised Premises
for any lawful purposes in connection with its business, provided that such uses shall be in accordance with all applicable laws and do not damage the Building. Tenant shall not have the right to use the Demised Premises for the manufacturing,
processing, transferring or piping of any liquid or storage of any hazardous materials. 
 ARTICLE XVI—ASSIGNMENT, SUBLETTING, ETC.

 Section 16.01. Assignment, Subletting, Etc. Tenant shall not sell, assign, mortgage, pledge, or, in any manner, transfer
or encumber this Lease or any estate or interest hereunder (hereinafter designated as Assignment), or sublet the Demised Premises or any part thereof without the previous written consent of the Landlord; provided, however, with respect to a
corporation into which Tenant shall have been merged or consolidated or which shall have purchased all or substantially all of the assets of Tenant, such previous written consent by Landlord shall not be necessary. In the event of any Assignment of
this Lease or subletting of the Demised Premises, Tenant, nevertheless, shall remain primarily liable for the payment of the Basic Rent and all additional rents, and the performance of Tenant’s other covenants and obligations under this Lease
including any amendments thereto. In the event of an Assignment of this Lease, the assignee shall assume, by written recordable instrument reasonably satisfactory to Landlord, the due performance of all of Tenant’s obligations under this Lease.
A true copy of such Assignment and the original assumption agreement or the sublease, as the case may be, shall be delivered to Landlord within ten (10) days of the effective date thereof. No Assignment shall be valid or effective in the
absence of such assumption. 

  
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 No consent to any Assignment of this Lease or subletting of any or all of the Demised Premises
shall be deemed or be construed as a consent by Landlord to any further or additional Assignment or subletting. Notwithstanding anything hereinabove contained to the contrary, Landlord’s consent shall not be unreasonably withheld provided that
(i) Tenant is not in default hereunder (without regard to whether a notice of default has been served pursuant to Section 21.01); (ii) Tenant shall provide Landlord with access to the Demised Premises for inspection and testing
thereof; (iii) the use by the proposed assignee or subtenant does not, in Landlord’s sole discretion, adversely affect the Demised Premises by virtue of environmentally related factors or lessen the present or future value of the Premises;
and (iv) does not increase risk or endanger the Building or the occupants thereof. 
 Notwithstanding anything contained herein to the
contrary, Landlord may refuse to permit Tenant to assign this Lease or sublet to a third party any portion of the Demised Premises if Landlord agrees to sublet back the Demised Premises from Tenant under the same terms and conditions as set forth in
this Lease and for the remaining Term of this Lease. 
 ARTICLE XVII—WARRANTY of TITLE 

Section 17.01. Warranty of Title. Landlord covenants, represents and warrants that Landlord on the Commencement Date will be the
sole and absolute owner of the fee title to the Demised Premises and has the right to execute this Lease, and that on the Commencement Date there will be no liens affecting the Demised Premises, or any covenants, easements or restrictions adversely
affecting Tenant’s use of the Demised Premises except as set forth in Exhibit B. Such exceptions are herein referred to as Permitted Encumbrances. 

ARTICLE XVIII—SUBORDINATION 

Section 18.01. Subordination to Mortgages. At the option of the Landlord, this Lease shall either be: 

(a) Subject and subordinate to all mortgages which may now or hereafter affect the Demised Premises, and to all renewals,
modifications, consolidations, replacements or extensions thereof; or 

  
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 (b) Paramount in priority as an encumbrance against the Demised Premises with
respect to the lien of any mortgage which may now or hereafter affect the Demised Premises and to all renewals, modifications, consolidations, replacements and extensions thereof. 

Section 18.02. Subordination, Non-Disturbance and Attornment Agreement. Tenant agrees, upon written request from Landlord, to
execute with Landlord and the holder of any mortgage on the Building, a Subordination, Non-Disturbance and Attornment Agreement substantially in the form annexed hereto as Exhibit D. Landlord agrees, upon written request from Tenant, to use all
reasonable efforts to have the holder of any mortgage on the Building execute a Subordination, Non-Disturbance and Attornment Agreement substantially in the form annexed hereto as Exhibit D. In the event any such mortgagee imposes a fee for its
review, execution and recording of said Subordination, Non-Disturbance and Attornment Agreement, and said Agreement is being executed at Tenant’s request, Tenant agrees that it shall pay to Landlord, as additional rent, the amount of said fee
within ten (10) days of Landlord delivering a fully executed copy of said Agreement to Tenant. 
 Landlord represents that
Principal Mutual’s current fee for it review, execution and recording of said Subordination, Non-Disturbance and Attornment Agreement is $500.00. 

Section 18.03. Tenant’s Certificate. Tenant further agrees, upon the request of Landlord, to certify by written instruments
duly executed and acknowledged to any mortgagee or purchaser, or any proposed mortgage lender, or purchaser, that this Lease is in full force and effect or, if not, in what respect it is not; that this Lease has not been modified, or to the extent
to which it has been modified; that there are no existing defaults hereunder to the best of the knowledge of the party so certifying, or specifying the defaults, if any; and any additional statements of fact that may be requested or required from
time to time by any mortgagee or purchaser, or any proposed mortgage lender or purchaser. Any such certification shall be without prejudice as between the Landlord and Tenant, it being agreed that any document required hereunder shall not be used in
any litigation between Landlord and Tenant. 
 Section 18.04. Landlord’s Certificate. Landlord further agrees, upon
the request of Tenant, to certify by written instruments duly executed and acknowledged, that this Lease is in full force and effect or, if not, in what respect it is not; that this Lease has not been modified, or to the extent to which it has been
modified; that there are no existing defaults hereunder to the best of the knowledge of the party so certifying, or specifying the defaults, if any; and any additional statements of fact that may be requested or required from time to time by any
mortgagee or purchaser, or any proposed mortgage lender or purchaser. Any such certification shall be without prejudice as between the Landlord and Tenant, it being agreed that any document required hereunder shall not be used in any litigation
between Landlord and Tenant. 

  
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 ARTICLE XIX—QUIET ENJOYMENT 

Section 19.01. Quiet Enjoyment. Tenant, upon payment of the Basic Rent and all additional rents and all sums herein reserved and
due, and upon the due performance of all of the terms, covenants and conditions herein contained on the Tenant’s part to be kept and performed, shall and may at all times during the Term hereby granted peaceably and quietly enjoy the Demised
Premises, subject, however, to the terms of this Lease. 
 ARTICLE XX—INDEMNIFICATION 

Section 20.01. Indemnification of Landlord. Tenant agrees to indemnify and save Landlord harmless from and against all liability,
and all loss, cost and expense, including reasonable attorneys’ fees, arising out of Tenant’s operation, maintenance, management and control of the Premises or in connection with (a) any loss, injury or damage whatsoever caused by
Tenant, its employees or agents, (b) any breach of this Lease by Tenant, (c) any act or omission of Tenant occurring in, on, or about the Premises or on the sidewalks adjoining the same, or (d) any contest or proceeding brought by
Tenant as provided for herein. However, notwithstanding anything herein contained to the contrary, Tenant shall not be obligated or required hereunder, to hold harmless or indemnify Landlord from or against any liability, loss, cost, expense, or
claim to the extent arising from any act, omission or negligence of Landlord or its agents, servants, employees or contractors. The provisions of this Section 20.01 shall survive the expiration or earlier termination of this Lease. This
Section 20.01 is not intended to abrogate the provisions regarding waiver of subrogation by the parties to this Lease. 

ARTICLE XXI—DEFAULTS and REMEDIES 

Section 21.01. Tenant’s Defaults. If Tenant defaults (a) in the payment of Basic Rent or any additional rent and fails
to cure the default within ten (10) days after receipt of notice specifying the default, or (b) in compliance with or in the performance of any of the other covenants or conditions of this Lease, and fails to cure the same within thirty
(30) days after the receipt of notice specifying the default, or within such additional period of time beyond said thirty (30) days as shall be required by reason of strikes, lockouts, acts of God, governmental restrictions or
prohibitions, or other causes beyond Tenant’s control, whether similar or dissimilar to the foregoing or within such additional time as shall be required due to Tenant’s inability to complete the required cure, provided Tenant has promptly
commence the action(s) needed to cure the default and is diligently pursuing its completion (each of which notices specifying a default is referred to in this Lease as “FIRST NOTICE”), then at the expiration of said ten (10) days in
the case of a default described in (a), at the expiration of said thirty (30) days (or longer period as  

  
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aforesaid) in the case of a default described in (b), Landlord may (x) cancel and terminate this Lease on not less than five (5) days notice (hereinafter called “SECOND
NOTICE”) to Tenant, and on the date specified in the Second Notice the term of this Lease shall terminate and expire, and Tenant shall then quit and surrender the Premises to Landlord, but Tenant shall remain liable as hereinafter provided
and/or (y) at any time thereafter re-enter and resume possession of the Premises by summary proceedings, and action in ejectment or by force or otherwise and dispossess or remove Tenant and other occupants and their effects and hold the
Premises as if this Lease had not been made; and Tenant waives the service of any additional notice of intention to re-enter or to institute legal proceedings to that end. Any and all payments made by Tenant to correct a default described in
(a) above shall be made by Certified Check or Federal Funds. 
 Section 21.02. Landlord’s Remedies. If this Lease
shall be terminated or if Landlord shall be entitled to re-enter the Demised Premises and dispossess or remove Tenant under the provisions of Section 21.01, the Landlord, or Landlord’s agents or servants, may immediately or at any time
thereafter re-enter the Demised Premises and remove therefrom the Tenant, its agents, employees, servants, licensees, and any subtenants and other persons, firms or corporations, and all or any of its or their property therefrom, either by summary
dispossess proceedings or by any suitable action or proceeding at law or by force or otherwise, without being liable to indictment, prosecution or damages therefor, and repossess and enjoy said Premises together with all additions, alterations and
improvements thereto. 
 Section 21.03. Landlord’s Damages. In case of such termination, re-entry, or dispossess or
removal by summary proceedings or otherwise, the annual rent and all other charges required to be paid by the Tenant hereunder shall thereupon become due and be paid up to the time of such termination, re-entry, or dispossess or removal, and the
Tenant shall also pay to the Landlord all reasonable expenses which the Landlord may then or thereafter incur for necessary legal expenses, attorneys’ fees, brokerage commissions, and all other necessary costs paid or incurred by the Landlord
for restoring the Demised Premises to good order and condition and for altering and otherwise preparing the same for re-letting. The Landlord may, at any time and from time to time, re-let the Demised Premises, in whole or part, either in its own
name or as agent of the Tenant, for a term or terms which, at the Landlord’s option, may be for the remainder of the then current Term of this Lease, or for any longer or shorter period, and (unless the statute or rule of law which governs the
proceedings in which such damages are to be proved, limits or shall limit the amount of such claim capable of being so proved and allowed, in which case the Landlord shall be entitled to prove as and for liquidated damages and have allowed an amount
equal to the maximum allowed by or under any such statute or rule of law) the Tenant shall be obligated to, and shall pay to the Landlord as damages, upon demand, and the Landlord shall be entitled to recover of and from the Tenant, at the election
of the Landlord, either: 

  
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 (a) liquidated damages, in an amount which, at the time of such termination, re-entry or
dispossess or removal by the Landlord, as the case may be, is equal to the excess, if any, of the then present value of the installments of annual rent reserved hereunder, for the period which would otherwise have constituted the unexpired portion
of the then current Term of this Lease, over the then present value of the market rental value of the Demised Premises for such unexpired portion of the then current Term of this Lease, discounted at the rate of six percent (6%) per annum; or

 (b) damages (payable in monthly installments, in advance, on the first day of each calendar month following such termination, re-entry or
dispossess, and continuing until the date originally fixed herein for the expiration of the then current Term of this Lease) in any amount or amounts equal to the excess, if any, of the sums of the aggregate expenses paid by the Landlord during the
month immediately preceding such calendar month for all such items as, by the terms of this Lease, are required to be paid by the Tenant, plus an amount equal to the amount of the installment of annual rent which would have been payable by the
Tenant hereunder in respect to such calendar month, had this Lease and the Demised Term not been so terminated, and had the Landlord not so re-entered, over the sum of rents, if any, collected by or accruing to the Landlord in respect to such
calendar month pursuant to such re-letting or any holding over by any subtenants of the Tenant, plus the amount of the rental value of any portion of the Demised Premises occupied by the Landlord or any agent of the Landlord. Any suit for any month
shall not prejudice in any way the rights of the Landlord to collect the deficiency for any subsequent month by a similar proceeding. The Landlord, at its option and at its expense, may make such alterations, repairs and/or decorations in the
Demised Premises as in its reasonable judgment the Landlord considers advisable and necessary, and the making of such alterations, repairs and/or decorations shall not operate or be construed to release the Tenant from liability hereunder. The
Landlord shall in no event be liable in any way whatsoever for failure to re-let the Demised Premises, or in the event that the Demised Premises are re-let, for failure to collect rent thereof under such re-letting; and in no event shall the Tenant
be entitled to receive any excess of such annual rents over the sums payable by the Tenant to the Landlord hereunder but such excess shall be credited to the unpaid rentals due hereunder, and to the expenses of re-letting and preparing for
re-letting as provided in this Section 21.03. Suit or suits for the recovery of such damages, or any installments thereof, may be brought by the Landlord from time to time at its election, and nothing herein contained shall be deemed to require
the Landlord to postpone suit until the date when the Term of this Lease would have expired if it has not been terminated under the provisions of this Lease, or under any provision of law, or had the Landlord not re-entered into or upon the Demised
Premises. 
 Section 21.04. Waiver of Redemption. Tenant hereby waives all rights of redemption to which Tenant or any person
claiming under Tenant might be entitled, after an abandonment of the Premises, or after a surrender and acceptance of the Premises and the Tenant’s leasehold estate, or after a dispossession of Tenant from the Demised Premises, or after a
termination of this Lease, or after a judgment against Tenant in action in an ejectment, or after the issuance of a final order or warrant of dispossess in a summary proceeding, or any other proceeding or action authorized by any rule of law or
statute now or hereafter in force or effect. 

  
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 ARTICLE XXII—BANKRUPTCY 

Section 22.01. Bankruptcy, Insolvency, Etc. If the Tenant shall have applied or consented to the appointment of a custodian,
receiver, trustee or liquidator, or other court appointed fiduciary of all or a substantial part of its property; or a custodian shall have been appointed with or without the consent of the Tenant; or Tenant is generally not paying its debts as they
become due by means of available assets and the fair use of credit; or has made a general assignment for the benefit of creditors; or has committed an act of bankruptcy, or has filed a voluntary petition in bankruptcy, or a petition or an answer
seeking reorganization or an arrangement with creditors or seeking to take advantage of any insolvency law, or an answer admitting the material allegations of a petition in any bankruptcy, reorganization or insolvency proceeding; or has taken
corporate action for the purpose of effecting any of the foregoing, or if within thirty (30) days after the commencement of any proceeding against the Tenant seeking any reorganization, rehabilitation, arrangement, composition, readjustment,
liquidation, dissolution or similar relief under the present or any future federal bankruptcy code or any present or future applicable federal, state or other statute or law, such proceeding shall not have been dismissed; or if, within thirty
(30) days after entry of an Order for Relief under the present Bankruptcy Code, or similar order under future similar legislation, or the appointment of any trustee, receiver, custodian, liquidator, or other court appointed fiduciary of the
Tenant (without the consent or acquiescence of such party), or of all or any substantial part of its property or any of the leased Premises, such order or appointment shall not have been vacated or stayed on appeal or otherwise or if, within thirty
(30) days after the expiration of any such stay, such order or appointment shall not have been vacated, the occurrence of any one of such contingencies shall be deemed to constitute and shall be construed as a repudiation by Tenant of
Tenant’s obligations hereunder and shall cause this Lease ipso facto to be cancelled and terminated, without thereby releasing Tenant; and upon such termination Landlord shall have the immediate right to re-enter the Demised Premises and
to remove all persons and property therefrom and this Lease shall not be treated as an asset of the Tenant’s estate and neither the Tenant nor anyone claiming by, through or under Tenant by virtue of any law or any order of any Court shall be
entitled to the possession of the Demised Premises or to remain in the possession thereof. Upon the termination of this Lease, as aforesaid, Landlord shall have the right to retain as partial damages, and not as a penalty, any prepaid rents and any
security deposited by Tenant hereunder and Landlord shall also be entitled to exercise such rights and remedies to recover from Tenant as damages such amounts as are specified in Article XXI hereof, unless any statute or rule of law 


  
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governing the proceedings in which such damages are to be proved shall lawfully limit the amount of such claims capable of being so proved, in which case Landlord shall be entitled to recover, as
and for liquidated damages, the maximum amount which may be allowed under any such statute or rule of law. As used in this Article XXII, the term “Tenant” shall be deemed to include Tenant and its successors and assigns and the guarantor
of the Tenant’s obligations under this Lease, if any. 
 ARTICLE XXIII—CHANGES, ALTERATIONS 

Section 23.01. Changes or Alterations. If Landlord shall have first consented thereto in writing, Tenant may make structural and
nonstructural changes, alterations, additions and improvements to the Demised Premises, Landlord’s reasonable consent shall be granted if the proposed work does not: 

(a) Impair the structural soundness of the Building; 

(b) Lessen the present and future value of the Building or improvement; 

(c) Change the type of use from a general warehouse to a specialty type of building with a limited resale or re-letting market; or 

(d) Increase risk, endanger the Building or occupants in the Building, or create or increase risk of contamination. 

If Landlord requests, Tenant shall deliver to Landlord assurance, reasonably satisfactory to Landlord, of Tenant’s financial ability to
complete and pay for such changes, alterations, additions or improvements, and restorations thereof. In any event, however, Tenant may, without Landlord’s consent, make nonstructural changes, alterations, additions and improvements costing in
each case less than $10,000.00 (hereinafter called Minor Alterations). Tenant shall give written notice to Landlord of each change, alteration, addition and improvement costing more than $10,000.00 and obtain Landlord’s consent as provided
herein. In the event, however, that as the result of any changes, alterations, additions and improvements made by Tenant with or without Landlord’s consent, the Building or any other part of the Demised Premises is damaged thereby, Tenant, at
Tenant’s sole cost, shall be obligated and responsible to repair said damage forthwith and restore the Building or Demised Premises to the condition they were in just prior to the damage. Landlord shall have no obligation to make any repairs
with respect to any changes, alterations, additions, and improvements made by Tenant. Tenant need not obtain or furnish Landlord any certificate of completion or otherwise (unless required by law) with respect to Minor Alterations. Landlord reserves
the right to require Tenant to restore the Premises to the original condition as nearly as may be practical, upon the expiration or sooner termination of this Lease. 

  
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 Landlord acknowledges that it shall not require Tenant to remove any of the Work To Be Performed
By Landlord or the Special Tenant Improvements or restore any portion of the Demised Premises modified as a result of same. 
 ARTICLE
XXIV—END OF TERM 
 Section 24.01. End of Term. 

(a) Condition of the Demised Premises. Tenant shall, on the last day of the Term, or upon its earlier termination, peaceably and
quietly surrender and deliver up to Landlord the Demised Premises broom clean, including all buildings, alterations, rebuildings, replacements, changes or additions placed by Tenant thereon (except as expressly provided to the contrary in
Section 23.01), with all equipment in or appurtenant thereto, in as good condition and repair as when delivered to Tenant; subject, however, to reasonable wear and tear. Reasonable wear and tear shall not be deemed to include damage to the
Demised Premises; broken items or equipment; or anything rendered dysfunctional as a result of Tenant’s abuse or misuse or Tenant’s lack of routine maintenance, repair or replacement as required under Article VIII, Article X or elsewhere
in this Lease. Notwithstanding the above, Tenant shall not be responsible to repair damage or destruction by any of the risks covered by insurance required under Section 7.01 of this Lease, or a taking by eminent domain, if this Lease is
terminated by reason of such damage or destruction, or such taking. 
 (b) Removal of Trade Fixtures. Notwithstanding
anything to the contrary contained in this Lease, and provided Tenant is not in default hereunder beyond any grace period to cure same, Tenant may remove all trade fixtures installed or paid for by it, however affixed to the realty. If any trade
fixtures or personal property are not removed by the end or earlier termination of the Term, they shall be deemed abandoned if Landlord shall so elect, and if Landlord shall not so elect, it may cause the removal and storage of same at Tenant’s
risk and expense, but if the Term ends by reason of a condemnation or destruction of all or part of the Premises, Tenant shall have a reasonable time to effect such removal without being deemed to abandon said property. Tenant, at Tenant’s
cost, shall repair any damage caused to the Demised Premises by reason of such removal. All obligations of Tenant under this paragraph shall survive the termination of this Lease. 

(c) Completion of Repairs. Any repair or restoration required to be performed by Tenant in order for Tenant to comply with its
obligations under this Section 24.01 shall be completed on or before thirty (30) days prior to the end of the Term, or any applicable Renewal Term, or earlier termination of this Lease (“End of Term”). On or about thirty
(30) days prior to the End of Term, representatives of Landlord and Tenant shall inspect the Demised Premises to determine what repair or restoration remains to be 

  
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completed, if any. If Tenant has not completed said repair or restoration within the time set forth above Landlord shall promptly advise Tenant of such fact and shall specify the work which has
not been completed. Notwithstanding any other provisions of this Lease, Tenant’s failure to complete such repair or restoration by no later than fifteen (15) days prior to the End of Term shall, without further notice, constitute an
uncured event of default hereunder. Landlord shall have the right to inspect the Demised Premises to determine whether Tenant has completed such work within the time periods provided herein. During the last thirty (30) days prior to the End of
Term, Landlord shall be permitted access to the Demised Premises for the purpose of performing such work as Landlord may desire, in which event Landlord shall use reasonable efforts not to interfere with Tenant’s activities at the Demised
Premises. 
 Section 24.02. Landlord’s Right to Inspect and Exhibit Signs. Tenant shall permit Landlord or its agents to
enter the Demised Premises during business hours on not less than 48 hours prior notice for the purpose of inspecting or showing the Demised Premises to persons wishing to purchase the same and, at any time within one year prior to the expiration of
the Term, to persons wishing to rent same; and Tenant shall, within one year prior to the expiration of the Term, permit the usual notice of “To Let”, “For Rent” and “For Sale” to be placed at reasonable locations on
the Demised Premises and to remain thereon without hindrance and molestation. 
 ARTICLE XXV—ARBITRATION 

Section 25.01. Method of Arbitrating Disputes; Disputes to be Arbitrated. All disagreements, controversies and disputes (other
than with regard to the payment of the Basic Rent and additional rent) between the parties arising out of or related to interpretation, performance, validity or enforcement of any of the provisions of this Lease shall be resolved by arbitration
pursuant to the Rules of Commercial Arbitration of the American Arbitration Association. Such arbitration proceedings to be held in the State in which the Demised Premises are located, at the offices of the American Arbitration Association located
in the city nearest to the Demised Premises. The parties intend that the scope of matters to be arbitrable is all inclusive, and submission to arbitration is intended to constitute the exclusive remedy available to the parties. The award to the
arbitrators shall be binding and conclusive upon the parties and may be entered as a final judgment in any court of competent jurisdiction. The submission to arbitration as contemplated herein and completion of proceedings in arbitration by award of
the arbitrators shall be a condition precedent to the right of either party to commence an action with respect to any of such matters in any other court or forum. The parties agree that any arbitration proceeding shall be conducted before a panel of
three (3) arbitrators. 

  
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 Section 25.02. No Abatement in Rent Pending Arbitration; Limited Right of Offset After
Award. The parties expressly agree that during the pendency of any arbitration proceeding and until such dispute shall have been resolved thereby, Tenant shall continue to pay the Basic Rent and any additional rent stipulated herein without any
abatement or deduction. If the dispute as resolved by the Arbitrators results in an award to Tenant, and Landlord does not promptly satisfy the said award in accordance with the terms thereof, then Tenant shall have the right to offset said award
against the Basic Rent to become due hereunder; provided, however, that the right of offset is expressly limited to exclude from any right of offset that portion of the Basic Rent necessary to satisfy (i) the mortgage obligations of the
Landlord as Mortgagor, to the extent such obligations are set forth in the provisions of the Note and Mortgage; and (ii) in addition to the amount required under (i) above, such amounts as then may be required to satisfy the obligations of
the Landlord in the operation of the Demised Premises under the provisions of this Lease. 
 ARTICLE XXVI—GENERAL PROVISIONS

 Section 26.01. No Waste. The Tenant covenants not to do or suffer any waste or damage, or injury to any building or
improvement now or hereafter on the Demised Premises, or the fixtures and equipment thereof, or permit or suffer any overloading of the floors thereof. 

Section 26.02. Landlord’s Liability. If Landlord shall breach any of the provisions hereof, Landlord shall only be liable to
Tenant for monetary damages and Landlord’s liability shall in no event exceed the Landlord’s interest in the Demised Premises as of the date of Landlord’s breach; and Tenant expressly agrees that any judgment or award which it may
obtain against Landlord shall be recoverable and satisfied solely out of the right, title and interest of Landlord in the Demised Premises and Tenant shall have no rights of lien or levy against any other property of Landlord, nor shall any other
property or assets of the Landlord be subject to levy, execution or other enforcement proceedings for the collection of any such sums or satisfaction of any such judgment or award. 

Section 26.03. Partial Invalidity. If any term or provision of this Lease or the application thereof to any party or circumstances
shall to any extent be invalid or unenforceable, the remainder of this Lease or the application of such term or provision to parties or circumstances other than those to which it is held invalid or unenforceable, shall not be affected thereby, and
each term and provision of this Lease shall be valid and enforced to the fullest extent permitted by law. 
 Section 26.04.
No Waiver. One or more waivers by either party of the obligation of the other to perform any covenant or condition shall not be construed as a waiver of a subsequent breach of the same or any other covenant or condition. 

  
 26 








 The receipt of rent by the Landlord, with knowledge of any breach of this Lease by the Tenant or
of any default on the part of the Tenant in the observance or performance of any of the conditions or covenants of this Lease shall not be deemed to be a waiver of any provision of this Lease. Neither the payment by Tenant of a lesser amount than
the installments of Basic Rent, additional rent or of any sums due hereunder, nor any endorsement or statement on any check or in any letter accompanying a check for payment of Basic Rent, additional rent or other sums payable hereunder, shall be
deemed to create an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such rent or other sums or to pursue any other remedy available to Landlord. Neither the
acceptance of the keys nor any other act or thing done by the Landlord or any agent or employee during the Term herein demised shall be deemed to be an acceptance of a surrender of said Premises, excepting only an agreement, in writing, signed by
the Landlord accepting or agreeing to accept such a surrender. 
 Section 26.05. Number and Gender. Wherever herein the singular
number is used, the same shall include the plural and the masculine gender shall include the feminine and neuter genders. 

Section 26.06. Successors and Assigns. The terms, covenants and conditions herein contained shall be binding upon and inure to the
benefit of the respective parties and their successors and assigns. 
 Section 26.07. Article and Marginal Headings. The
article and marginal headings herein are intended for convenience in finding the subject matters, are not to be used in determining the intent of the parties to this Lease. 

Section 26.08. Entire Agreement. This instrument contains the entire and only agreement between the parties, and no oral
statements or representations or prior written matter not contained in this instrument shall have any force or effect. This Lease shall not be modified in any way or terminated except by a writing executed by both parties. 

Section 26.09. Obligations also Covenants. Whenever in this Lease any words of obligation or duty are used, such words or
expressions shall have the same force and effect as though made in the form of covenants. 
 Section 26.10. Cost of
Performing Obligations. The respective obligations of the parties to keep, perform and observe any terms, covenants or conditions of this Lease shall be at the sole cost and expense of the party so obligated. 

Section 26.11. Remedies Cumulative. The specified remedies to which the Landlord or Tenant may resort under the Terms of this
Lease are cumulative and are not intended to be exclusive of any other remedies or means of redress to which the Landlord or Tenant may be lawfully entitled in case of any breach or threatened breach of any provision of this Lease. 

  
 27 








 Section 26.12. Holding Over. If Tenant holds over after the expiration or earlier
termination of this Lease, and if Tenant is not otherwise in default hereunder, such holding over shall not be deemed to create an extension of the Term, but such occupancy shall be deemed to create a month-to-month tenancy at a rental rate of 150%
of the then current Basic Rent, and on the same terms and conditions as are in effect on the date of said expiration or earlier termination. 

Section 26.13. Utilities. 

(a) Utility Lines. Landlord shall be responsible for bringing all utilities and utility services to the Building and connecting
them to the interior lines installed in the Demised Premises. 
 (b) Utility Charges. Tenant shall undertake and be
responsible for having all utilities metered in its name in the Demised Premises and agrees to pay all charges for same directly to the respective utility companies. Such utilities include gas, water, sewer, electricity, heat, power, telephone or
other communication service or other utility or service used, rendered or supplied to Tenant at the Demised Premises throughout the demised Term. 

(c) Sprinkler and Security Monitoring Service. Tenant shall install a Sprinkler Monitoring Service and a Security Monitoring
Service (including a low temperature sensor) with associated key box as required, with respect to the Demised Premises, all at Tenant’s own cost and expense, and subject to all provisions of this Lease pertaining to construction and alterations
in Articles VIII and XXIII. 
 (d) Common Utilities. Tenant acknowledges that portions of the water line, sanitary sewer
and storm sewer and electric and gas utility lines serving the Demised Premises are used in common with other tenants of the Building of which the Demised Premises forms a part (“Common Utilities”). The operation, maintenance and repair of
the Common Utilities shall be performed by Landlord and the costs thereof shall be charged pro rata to the tenants using the Common Utilities. 

Tenant further acknowledges that portions of the sprinkler system servicing the Demised Premises are used in common with other tenants of the
Building of which the Demised Premises forms a part (“Sprinkler System”). Landlord will inspect, service and maintain the Sprinkler System, including the risers, valves and piping. All costs relating to the inspection, service and
maintenance of the Sprinkler System, including the costs of any required governmental inspections, permits or approval, will be charged pro rata to the tenants using the Sprinkler System. 

  
 28 








 Tenant shall pay to Landlord, as additional rent, its pro rata share of the costs of inspection,
servicing, operation, maintenance and repair of the Common Utilities and the Sprinkler System, plus a 15% handling charge, such share to be calculated in accordance with the formula set forth in Section 6.01, except that the denominator shall
be the number of square feet affected by the particular inspection, servicing, operation, maintenance and repair being performed. Such additional rent shall be paid to Landlord within ten (10) days of Tenant’s receipt of Landlord’s
invoice for such additional rent. 
 The parties further agree that Landlord at his sole cost and expense, shall have the right, at any
time, to cause the Sprinkler System for the Demised Premises to be separated. Upon completion of the separation, Tenant shall assume the obligation for maintenance of the Sprinkler System in the Demised Premises as provided in Section 10.02.

 (e) Fire Service Billing. Tenant acknowledges that Tenant shall pay to Landlord, as additional rent, its pro rata share of
the Fire Service Billing issued by the Township of Edison for the Building of which the Demised Premises forms a part plus a 15% handling charge, such share to be calculated in accordance with Section 6.01. Tenant shall make payment to Landlord
within ten (10) days of receipt of an invoice for such additional rent. 
 See Section 6.07 for Alternate Method of
Payment. 
 (f) Railroad Siding. The parties hereto acknowledge that although Railroad Siding exists on the Demised Premises,
Tenant does not require said Railroad Siding in connection with its use of the Demised Premises and shall not be obligated to maintain said Railroad Siding. 

Section 26.14. Signs. 

(a) Erection of Signs. Tenant shall have the right and privilege of erecting signs for advertising purposes in connection with
its business at the Demised Premises provided, however, that no sign shall be erected on the roof and that all signs comply with the applicable rules and regulations of the applicable governmental boards and bureaus having jurisdiction thereof, and
Tenant shall remove same at the expiration or sooner termination of this Lease. 
 (b) Repair of Damage. Tenant shall be
responsible for any damage caused by said signs and any damage so caused shall be repaired forthwith at Tenant’s sole cost and expense. In the event any sign erected by Tenant is removed during the Term of this Lease or at the expiration or
earlier termination thereof, Tenant shall repair any damage whatsoever caused by the removal at Tenant’s sole cost and expense. 

  
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 Section 26.15. Force Majeure. The period of time during which the Landlord is
prevented from performing any act required to be performed under this Lease by reason of fire, catastrophe, labor difficulties, strikes, lock-outs, civil commotion, acts of God or of the public enemy, governmental prohibitions or preemptions,
embargoes, inability to obtain materials or labor by reason of governmental regulations or prohibitions, or other events beyond the reasonable control of Landlord, as the case may be, shall be added to the time for performance of such act, and
Landlord shall not be liable to Tenant or in default under this Lease as the results thereof. 
 Section 26.16. Vacancy or
Abandonment. In the event that the Demised Premises shall become vacant as the result of being vacated or abandoned by Tenant during the Term and such vacancy or abandonment shall exist for a period of two (2) months, Landlord may re-enter
the same, either by force or otherwise, without being liable to prosecution therefor and re-let said Demised Premises as agent of Tenant and receive the rent therefor and apply the same first to payment of such expenses as Landlord may be put to in
re-entering and then to payment of rent due under this Lease. In addition, such vacancy or abandonment shall constitute a default under Section 21.01. In any event, Tenant shall remain liable for any deficiency. 

Section 26.17. Governing Law. The interpretation and validity of this Lease shall be governed by the laws of the state in which
the Demised Premises are located. 
 Section 26.18. Brokerage. The parties mutually represent that Eric Bram and Co.
(“Broker”) is the sole Broker responsible for introducing the parties and Landlord agrees to pay commission on the Lease pursuant to an Agreement entered into with said Broker. Tenant covenants and agrees to hold Landlord harmless from any
claim of any other brokers, alleging to be entitled to a commission pursuant to this Lease. 
 Section 26.19. Additional
Rent. If Tenant shall be in default under any term, covenant, provision or condition hereof, Landlord, after thirty (30) days notice that Landlord intends to cure such default, or without notice if in Landlord’s reasonable judgment an
emergency shall exist, shall have the right, but not the obligation, to cure such default, and Tenant shall pay to Landlord upon demand as additional rent the reasonable cost thereof with interest at the Lease Interest Rate (as hereinafter
defined). 
 Section 26.20. Notice by Tenant to Mortgagee. If required by the holder of a mortgage lien on the Premises
(provided Tenant is furnished with written notice of such requirement), Tenant agrees (a) to notify such mortgagee of any alleged default by Landlord in any of the provisions of this Lease; and (b) to allow said mortgagee a reasonable
period of time to cure such alleged default. 
 Section 26.21. Not Used. 

  
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 Section 26.22. Definitions. 

(a) “Re-enter and Re-entry”. The terms “re-enter” and “re-entry” as used in this Lease are not
restricted to their technical legal meaning. 
 (b) “Landlord”. The term “Landlord” as used in this
Lease means only the holder, for the time being, of Landlord’s interest under this Lease so that in the event of any transfer of title to the Demised Premises Landlord shall be and hereby is entirely freed and relieved of all obligations of
Landlord hereunder accruing after such transfer, and it shall be deemed without further agreement between the parties that such grantee, transferee or assignee has assumed and agreed to observe and perform all obligations of Landlord hereunder
arising during the period it is the holder of Landlord’s interest hereunder. 
 (c) “Lease Interest
Rate”. The term “Lease Interest Rate”, as used in Section 9.02 and 26.19 of this Lease, shall mean interest at the rate which three percent (3%) in excess of the then current rate of interest charged by the First Union
National Bank as its so called “base rate”. 
 (d) “Index Change”. The term “Index Change”
shall mean the “all items” portions of the United States Department of Labor Bureau of Labor Statistics Consumer Price Index for urban wage earners and clerical workers (1982-84 = 100) for the city or region closest to the Demised Premises
for which an index is prepared for the shortest period for which an index is published which includes the date on which this Lease is signed, divided into the said index for the shortest period for which an index is published which includes the date
on which the relevant Renewal Term commences. If the index is no longer published, the index of consumer prices in such city or region most closely comparable to said index, after making such adjustments as may be prescribed by the agency publishing
same or as otherwise may be required to compensate for changes subsequent to the Commencement Date, in items included or method of compilation or computation thereof, shall be substituted therefor. 

(e) “Construction Work”. The term “Construction Work” means the performing of all services and the furnishing
of labor and material and all equipment necessary in the preparation for and completion of the construction of the Building in accordance with the Final Plans, including, but not limited to, the design of the improvements to be erected by Landlord,
site preparation and subsoil footings and foundations, grading, surfacing of parking areas, paths and ways, installation of all utilities, and the cleaning up and removal of debris, so that when the Demised Premises are completed the Building shall
be fully available for the conduct of Tenant’s business, except for such installations as Tenant may make. 

  
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 Section 26.23. Late Payment Service Charge. Tenant covenants and agrees to pay to the
Landlord a “Late Payment Service Charge” equal to four percent (4%) of any rent payment, or any other payment prescribed herein, which has not been paid in accordance with the terms and conditions of this Lease Agreement. Said
“Late Payment Service Charge” shall be paid by Tenant to Landlord promptly upon proper notice and demand therefor. Notwithstanding the above, said “Late Payment Service Charge” shall not accrue until five (5) days after
written notice to Tenant that any such payments are due. 
 Section 26.24. Consents. With respect to any provision of
this Lease which provides, or is held to provide that Landlord shall not unreasonably withhold or unreasonably delay any consent or any approval, Tenant, in no event, shall be entitled to make, nor shall Tenant make, any claim for, and Tenant hereby
waives any claim for money damages; nor shall Tenant claim any money damages by way of setoff, counterclaim or defense, based upon any claim or assertion by Tenant that Landlord has unreasonably withheld or unreasonably delayed any consent or
approval; but Tenant’s sole remedy shall be to seek specific performance of the consent or approval in question through arbitration proceedings as set forth in Article XXV. 

Section 26.25. Design and Construction Requirements. All requirements promulgated by any Federal, State or local governmental
authority, including without limitation, under the Occupational Safety and Health Act (OSHA), the Spill Compensation and Control Act, the Industrial Site Recovery Act (ISRA) and all applicable building and fire safety codes with respect to
Tenant’s use and occupancy of the Demised Premises, including storage arrangements and/or racking systems, shall be the sole responsibility of the Tenant, except that Landlord warrants that the Premises are in compliance with design and
construction requirements which are of general application at the Commencement Date of the Lease Term for light industrial type buildings, without regard to any specific use thereof (notwithstanding that such use may be for the purposes herein
permitted or may have been consented to by Landlord). 
 Section 26.26. Information for Mortgagee. The Tenant shall
furnish to the Landlord any data or information which the Landlord shall reasonably require in his preparation of applications for mortgage financing, or as may be required by the mortgagee from time to time throughout the Term of this Lease.

 Section 26.27. Inspection by Landlord. The Tenant agrees that Landlord, its agents and other representatives, shall have
the right to enter into and upon said Premises, or any part thereof, at all reasonable hours, for the purpose of examining the same upon reasonable advance notice not less than 24 hours, except in the event of emergency, or making such repairs or
alterations therein as may be necessary for the safety and preservation thereof, without unduly disturbing the operations of Tenant. 

Section 26.28. Submission. Submission of this Lease for examination or signature of Tenant does not constitute an offer,
reservation of, or option to lease; and this Lease will not be effective or binding upon the parties as a lease or otherwise, until execution and delivery by both Landlord and Tenant. 

  
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 EXHIBIT C 

APPROPRIATE BANK LETTERHEAD 
 Jeffrey J. Milanaik

 President 
 Heller Industrial Parks, Inc. 

205 Mill Road 
 Edison, New Jersey 08837 

Dear Sir: 
 At the request of Joshen Paper and
Packaging Company we hereby establish our Irrevocable Letter of Credit No.             in favor of the Landlord under the lease agreement described below, in the amount of U.S.$123,436.00
(One Hundred Twenty Three Thousand, Four Hundred Thirty Six and Zero /100 Dollars) effective upon the date hereof and expiring at our main office, on             . 

Funds under our Irrevocable Letter of Credit are available to you against your sight draft on us accompanied by a certificate of an authorized
represenative of the beneficiary stating that: (i) an uncured default or defaults exist, under a certain Lease Agreement dated between HELLER, ALPER, ROBERTS, VOLK – EDISON, as Landlord and Joshen Paper and Packaging Company, as Tenant,
and specifying and describing such default or defaults; (ii) a copy of the above certificate has been delivered to Tenant at the Demised Premises, or if Tenant no longer occupies the Demised Premises, then at such location as Tenant is then
located. 
 It is a condition of this Letter of Credit that it shall be automatically renewed, for a period of one (1) year from the
present or any future expiration date, unless at least sixty (60) days prior to such expiration date, we notify you by Certified Mail, Return Receipt Requested, that we elect not to renew. 

If we receive such certificate and your draft on or before the close of business on the date of expiration of this Letter of Credit, we will
forthwith honor the draft. 
 This Letter of Credit sets forth in full the terms of our undertaking and such undertaking shall not in any
way be modified, amended or amplified by reference to any document or instrument referred to herein or in which this Letter of Credit may be referred to; or to which this Letter of Credit relates; and any such reference shall not be deemed to
incorporate herein by reference any document or instrument. 







 Very truly yours, 

APPROPRIATE BANK 

APPROPRIATE SIGNATURE 







 EXHIBIT D 

RECORD AND RETURN TO: 

PRINCIPAL MUTUAL LIFE INSURANCE COMPANY 

711 High Street 
 Des Moines, Iowa, 50392 

Attn: 
 SUBORDINATION, NON-DISTURBANCE 

AND ATTORNMENT AGREEMENT 

D- 
 THIS AGREEMENT, made
and entered into as of the             day of             , 19     by and between PRINCIPAL MUTUAL LIFE
INSURANCE COMPANY, an Iowa Corporation, with its principal office at 711 High Street, Des Moines, Iowa, 50392 (hereinafter called “Mortgagee”), ISAAC HELLER, with his principal office at 205 Mill Road, Edison, New Jersey 08837 (hereinafter
called “Lessor”) and             having its principal office at (hereinafter called “Lessee”). 

WITNESSETH: 
 WHEREAS,
Lessee has by a written lease dated             as amended by together            with all future amendments and extensions
approved by Mortgagee            (hereinafter called the “Lease”)            leased from Lessor all or part of certain
real estate and improvements thereon located in the             of             County of
            , and State of             as more particularly described in Exhibit A attached hereto (the “Demised
Premises”); and  
 WHEREAS, Lessor is encumbering the Demised Premises as security for a loan from Mortgagee to Lessor
(the “Mortgage”); and  
 WHEREAS, Lessee, Lessor, and Mortgagee have agreed to the following with respect to their
mutual rights and obligations pursuant to the Lease and the Mortgage; 
 NOW, THEREFORE, for and in consideration of Ten
Dollars ($10.00) paid by each party to the other and the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt whereof is hereby acknowledged, the parties hereto do hereby covenant and agree as
follows: 

  
 PREPARED BY:
                                     








 (1) Lessee’s interest in the Lease and all rights of Lessee thereunder, including any
purchase option or right of first refusal, if any, shall be and are hereby declared subject and subordinate to the Mortgage upon the Demised Premises and its terms, and the term “Mortgage” as used herein shall also include any amendment,
supplement, modification, renewal, refinance or replacement thereof. 
 (2) After the receipt by Lessee of notice from Mortgagee of any
foreclosure of the Mortgage or any conveyance of the Demised Premises in lieu of foreclosure, Lessee will thereafter attorn to and recognize Mortgagee or any purchaser from Mortgagee at any foreclosure sale or otherwise as its substitute lessor,
under the terms and conditions set forth in the Lease. 
 (3) In the event of any foreclosure of the Mortgage or any conveyance in lieu of
foreclosure, provided that the Lessee shall not then be in default beyond any grace period under the Lease and the Lease shall then be in full force and effect, then Mortgagee shall neither terminate the Lease nor join Lessee in foreclosure
proceedings, nor disturb Lessee’s possession, and the Lease shall continue in full force and effect as a direct lease between Lessee and Mortgagee. 

(4) Without the prior written consent of Mortgagee, Lessee agrees not to enter into any agreement subordinating, terminating, amending or
modifying the Lease. In the event that the Lease shall be amended, modified or supplemented with the Mortgagee’s prior written consent, the Lease as so amended, modified or supplemented shall continue to be subject to the provisions of this
Agreement. 
 (5) Lessee shall not prepay any of the rents under the Lease more than one month in advance except with the prior written
consent of Mortgagee. 
 (6) In no event shall Mortgagee be liable for the return of any security deposit unless Mortgagee actually received
said security deposit, or for any prior act or omission of the Lessor, nor shall Mortgagee be subject to any offsets or deficiencies which Lessee may be entitled to assert against the Lessor as a result of any act or omission of Lessor occurring
prior to Mortgagee’s obtaining possession of the Demised Premises. 
 (7) So long as the Loan is outstanding, (a) upon the request
of Mortgagee, Lessee will provide Mortgagee with evidence of payment of taxes and insurance (if Lessee is obligated to make such payments under the Lease) and certificates of insurance (if Lessee is required to carry insurance under the terms of the
Lease), and (b) Lessee will give Mortgagee notice of any alleged default by Lessor in any provisions of the Lease and will allow Mortgagee reasonable time to cure such alleged default, without the obligation to cure such defaults or take such
action, provided Mortgagee has indicated its intention to cure or take action and pursues the same with diligence. 

  
 2 








 (8) Mortgagee and Lessor have represented to Lessee, and Lessee therefore acknowledges, that
pursuant to an assignment of leases, Mortgagee is entitled to collect and receive all rents to be paid under the Lease directly from Lessee upon revocation of the license to collect rents granted to Lessor as specified therein. Based upon such
representations, upon revocation of such license Lessee agrees to pay all rent and installments of rents, and installments as they become due, directly to Mortgagee or in the manner at such location as Mortgagee may hereinafter direct by written
notice to Lessee. Until such notice is given by Mortgagee to Lessee that it has revoked such license, Lessee shall pay all rent and installment of rents to Lessor in accordance with the provisions of this paragraph. 

(9) So long as the Loan is outstanding, Mortgagee or its designee may, upon reasonable advance notice, enter upon the Demised Premises at all
reasonable times to visit or inspect the Demised Premises and all facilities located thereon. 
 (10) There shall be no merger of the Lease
or the leasehold estate created thereby with any other estate in the Demised Premises, including without limitation the fee estate, by reason of the same person or entity acquiring or holding, directly or indirectly, the Lease and said leasehold
estate and any such other estate. 
 (11) All information, notices or requests provided for or permitted to be given or made pursuant to this
Agreement shall be deemed to be an adequate and sufficient notice if given in writing and service is made by either (i) certified mail, return receipt requested, postage prepaid, in which case notice shall be deemed to have been given upon
receipt of notice provided however, that in the event a party shall refuse to accept delivery of said certified mail, the notice shall nevertheless be deemed to be given upon the date of refusal to accept delivery or (ii) nationally recognized
overnight air courier, next day delivery, with evidence of delivery, prepaid, in which case such notice shall be deemed to have been given upon receipt of notice provided, however, that in the event a party shall refuse to accept delivery, the
notice shall nevertheless be deemed to be given upon the date of refusal to accept delivery. All notices shall be addressed to the addresses set forth below, or to such other addresses as may from time to time be specified in writing by Lessee,
Lessor or Mortgagee to the other parties hereto: 
  

			
	If to Mortgagee:	  	Principal Mutual Life Insurance Company
		  	711 High Street
		  	Des Moines, Iowa 50392-1450
		  	Attention: Commercial Real Estate Loan Administration
		  	Loan No.



  
 3 








 
					
	If to Lessor:	  	Heller Industrial Parks, Inc.
		  	205 Mill Road
		  	Edison, New Jersey 08837
		  	Attention: Jeffrey J. Milanaik, President
			
	If to Lessee:	  	  
	  	
		  	  
	  	
		  	  
	  	
		  	  
	  	


 (12) The Lease and this Agreement have been duly authorized, executed and delivered by the Lessee and
constitute legal, valid and binding instruments enforceable against Lessee in accordance with their respective terms, except as such terms may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally. 

(13) This Agreement and its terms shall be governed by the laws of the state where the Demised Premises is located and are binding upon and
inure to the benefit of Mortgagee, Lessor and Lessee and their respective successors and assigns, including, without limitation, any purchaser at any foreclosure sale, and the terms hereof shall survive the closing of the Loan and the delivery of
this Agreement. This Agreement may not be modified orally or in any manner other than by an agreement, in writing, signed by all the parties. 

(14) This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts when taken together
shall constitute but one agreement. 

  
 4 








 IN WITNESS WHEREOF, this Agreement has been fully executed under seal on the day and year first
above written. 
  

									
	 ISAAC HELLER, LESSOR
 by HELLER
INDUSTRIAL PARKS,
 INC., MANAGER
	 		 	 PRINCIPAL MUTUAL LIFE
 INSURANCE
COMPANY, an Iowa
 Corporation, MORTGAGEE

					
	by:	 	  
	 		 	BY:	 	  

		 	President	 		 		 	
				
	                                    
                                         
           , LESSEE	 		 	BY:	 	  

					
	BY:	 	  
	 		 		 	
					
	BY:	 	  
	 		 		 	

  

			
	STATE OF IOWA	  	:
		  	: SS
	COUNTY OF POLK 	  	:

 On this             day of
            , 199     before me, a Notary Public in and for said County, personally appeared
            and             to me personally known to be the identical persons whose names are subscribed to the instrument as
officers for the Mortgagee herein named, who being each by me duly sworn did say that they are the             and
            respectively of PRINCIPAL MUTUAL LIFE INSURANCE COMPANY, a corporation, and that said instrument was signed on behalf of said corporation by authority of its Board of Directors,
and the aforesaid officers each acknowledged the execution of said instrument to be the duly authorized act and deed of said corporation, by it and by each of them voluntarily executed. 

 

	
	  

	Notary Public in and for Polk County, Iowa



  
 5 









			
	STATE OF NEW JERSEY	  	:
		  	: SS
	COUNTY OF MIDDLESEX 	  	:

 BE IT REMEMBERED, that on this             day of
            , 199     before me the subscriber personally appeared             to me personally known to
be the identical person whose name is subscribed to the instrument as an officer for the Manager of Lessor herein named, who being by me duly sworn did say that he is the
            President of Heller Industrial Parks, Inc. and that the seal affixed to the said instrument is the seal of said Corporation, and that said instrument was signed and sealed on
behalf of the said Corporation by authority of its Board of Directors, and the aforesaid officer acknowledged the execution of said instrument to be the voluntary act and deed of said Corporation, by it and by him voluntarily executed. 

 

	
	  

	Notary Public in and for the State of New Jersey


  

			
	STATE OF	  	:
		  	: SS
	COUNTY OF 	  	:

 BE IT REMEMBERED, that on this             day of
            , 199     before me the subscriber personally appeared             to me personally known to
be the identical person whose name is subscribed to the instrument as an officer for the Tenant herein named, who being by me duly sworn did say that he is the             of
            and that the seal affixed to the said instrument is the seal of said Corporation, and that said instrument was signed and sealed on behalf of the said Corporation by authority
of its Board of Directors, and the aforesaid officer acknowledged the execution of said instrument to be the voluntary act and deed of said Corporation, by it and by him voluntarily executed. 

 

	
	  

	Notary Public in and for



  
 6