EX-10.21





 Exhibit 10.21 

FIRST AMENDMENT TO LEASE 

THIS FIRST AMENDMENT TO LEASE (“Amendment”) made as of the 13th day of November, 2015, by PREMIER ARHAUS LLC, an Ohio
limited liability company (“Landlord”) and ARHAUS, LLC, a Delaware limited liability company (“Tenant”). 

W I T N E S S E T H: 

WHEREAS, Landlord and Tenant entered into a certain Lease dated September 19, 2014 (“Original Lease”) for the lease of
certain real property and improvements commonly located in Boston Heights, Ohio, and more fully described on Exhibit A attached to the Original Lease and incorporated herein by reference; and 

WHEREAS, the parties desire to amend the terms and conditions of the Original Lease in certain respects; 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged and agreed, the
parties hereto hereby agree as follows: 
 1. All capitalized terms used herein shall have the same definitions as those set forth in the
Original Lease, unless otherwise specifically defined herein. 
 2. Section 1.02.H. of the Original Lease is hereby amended to provide
as follows: “Rent Commencement Date: March 1, 2016; provided, however, that the Rent Commencement Date shall be extended on a day for day basis to the extent that the Completion Date for the Warehouse portion of the Building does not occur on
or before December 31, 2015, for any reason except for a Tenant Delay.” 
 3. Section 2.02.A. of the Original Lease is hereby
amended to provide as follows: “Project Schedule; Completion Dates. Landlord and Tenant agree that a preliminary project schedule is attached hereto as an Exhibit B (the “Project Schedule”). The Project Schedule
shall only be modified or changed by a writing executed by Landlord and Tenant, or as otherwise required or permitted by the terms of this Lease. Subject to Landlord Excusable Delays, Landlord shall cause the Completion Date with respect to the
Warehouse space to occur no later than December 31, 2015. If for any reason the Completion Date shall not occur by December 31, 2016 (the “Outside Completion Date”), this Lease shall automatically be null and void, and neither
party shall have any claim against the other in damages or otherwise, provided, however, should the failure of the Completion Date to occur on or before the Outside Completion Date be due to Tenant Delay, then the Outside Completion Date shall be
extended for one day for each day of Tenant Delay; provided that the Tax Exemption pursuant to the Community Reinvestment Area Agreement with the Village of Boston Heights, Ohio remains in effect.” 












 4. Pursuant to Section 2.02.D., Landlord and Tenant agree that Tenant elected to
exercise the Office Expansion Option and, as a result, the Minimum Annual Base Rent shall be increased by the amount of the Office Expansion Rent Increase for the remainder of the initial Lease Term. As result, Section 1.02.B. shall be modified
as follows: 
 Minimum Annual Base Rent: 
  

					
	 Period
	  	Annual Total	 
	 Lease Years 1-5
	  	$	4,154,323	 
	 Lease Years 6-10
	  	$	4,648,680	 
	 Lease Years 11-15
	  	$	5,200,167	 
	 Lease Years 16-17
	  	$	5,824,113	 
	 Lease Years 18-20
	  	$	5,824,113	 
	 Lease Years 21-25
	  	$	6,523,005	 
	 Lease Years 26-27
	  	$	7,305,765	 

 5. Notwithstanding Section 4 of this Amendment, with respect to the rent payable during Lease Year 1, the
Rent Commencement Date: (i) with respect to the Warehouse space, remains March 1, 2016, and shall be paid in monthly installments of $220,893.75. and (ii) with respect to the Office and Expansion Space, rent shall not commence until
the date which is sixty (60) days after the Completion Date with respect to such space, currently estimated to be between May 1, 2016 and May 31, 2016, and shall be paid in monthly installments of $125,293.75. 

6. Except as specifically amended by the terms hereof, the terms and conditions of the Original Lease shall continue in full force and effect
and are ratified hereby. 
 IN WITNESS WHEREOF, the parties hereto have executed this First amendment to Lease under seal as of the
date first above written. 
  

											
		 	PREMIER ARHAUS LLC, an Ohio limited liability company
			
	 



    
  
	 	By:	 	 Premier Boston Hts., LLC, an Ohio limited liability

company, Manager

				
	 




  
	 		 	 By:
	 	 Premier Boston Hts. Management, LLC,

an Ohio limited liability company, Manager

					
		 		 		 	By:	 	 /s/ Spencer N. Pisczak

		 		 		 	Name:	 	Spencer N. Pisczak
		 		 		 	Title:	 	Manager


											
			
	  
  
	 	   ARHAUS, LLC	 	


											
			
	 



    
  
  
	 	 By:	 	 /s/ Greg Teed

	 	  Name and Title:   Greg Teed CFO
	 	
	 	
	 	
	 	
	 	
	 	
	 	
	 	
		 	


  
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	STATE OF OHIO	  	:	  	
		  	:	  	SS.
	COUNTY OF CUYAHOGA	  	:	  	

 BEFORE ME, a Notary Public, personally appeared Spencer N. Pisczak, who is the Manager of Premier
Boston HTS Management LLC, who acknowledged that he executed this Amendment on behalf of such corporation and that the same is his free act and deed and the free act and deed of such corporation. 

IN WITNESS WHEREOF, the undersigned has set my hand and seal as of the 2nd
day of December, 2015. 
  

	
	 /s/ Holly M. Tufts

	Notary Public


  

							
	STATE OF OHIO	  	:	  		  	
		  	:	  	SS.	  	
	COUNTY OF CUYAHOGA	  	:	  		  	

 BEFORE ME, a Notary Public, personally appeared Greg Teed, who is the CFO of Arhaus, LLC, who
acknowledged that he executed this Amendment on behalf of such corporation and that the same is his free act and deed and the free act and deed of such corporation. 

IN WITNESS WHEREOF, the undersigned has set my hand and seal as of the 2nd day of
December, 2015. 
  

	
	 /s/ Holly M. Tufts

	Notary Public
	
	



  
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