EX-10.23





 Exhibit 10.23 

THIRD AMENDMENT TO LEASE 

THIS THIRD AMENDMENT TO LEASE (“Amendment”) made as of 1st day of
January, 2019, 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 that certain Lease dated September 19, 2014 (the “Original Lease”),
that certain First Amendment to Lease dated November 13, 2015 (the “First Amendment”), and that certain Second Amendment to Lease dated November 17, 2017 (the “Second Amendment”; the Original Lease as amended by the
First Amendment and Second Amendment, the “Amended Lease”; the Amended Lease, as amended by this Third Amendment, the “Lease Agreement”); and 

WHEREAS, the parties desire to amend the terms and conditions of the Amended 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 in this Third Amendment shall have the same definitions as those
set forth in the Amended Lease, unless otherwise specifically defined herein. 
 2. Landlord shall have an additional 108 parking spaces
installed at the Property (“Additional Parking”). 
 3. As a result of the Additional Parking, commencing on January 1, 2019
and continuing thereafter for the remainder of the Lease Term and any subsequent extension option term exercised by Tenant, Tenant agrees to pay an additional $2,000 in monthly Base Rent. 

4. Except as specifically amended by the terms hereof, the terms and conditions of the Amended Lease shall continue in full force and effect
and are ratified hereby. 
 5. Landlord represents and warrants that it has obtained all consents, approvals or authorizations, including,
without limitation, any applicable lender, necessary to enter into this Third Amendment. 
 6. This Third Amendment may be executed in
counterparts, each of which shall be deemed to be an original, but such counterparts when taken together shall constitute but one agreement. 

7. The law of the State of Ohio shall govern in any and all matters relating to the execution and completion of this Amendment. 












 8. In the event of a conflict between this Third Amendment and the Amended Lease, the terms contained herein
shall prevail. This Third Amendment shall be binding upon and inure to the benefit of the parties and their respective heirs, successors and assigns. 

[Remainder of Page Intentionally Left Blank] 












 IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment to Lease on
the dates set forth in the respective notary clauses below. 
  

							
	 PREMIER ARHAUS LLC, an Ohio limited liability

company

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

				
		 		 	By:	 	 /s/ Kevin R. Callahan

		 		 	Name:	 	Kevin R. Callahan
		 		 	Title:	 	Manager


 
							
	
	ARHAUS LLC, a Delaware limited liability company
		
	By:	 	 /s/ Dawn Phillipson





							
	Name and Title:	 	Dawn Phillipson, Chief Financial Officer















			
	STATE OF OHIO	  	:
		  	: SS.
	COUNTY OF CUYAHOGA	  	:

 The Foregoing instrument was acknowledged before me this
13th day of February, 2019, by Kevin R. Callanan, the Manager of Premier Managers, LLC, an Ohio limited liability company, the Manager of Premier Boston Hts., LLC, an Ohio limited liability
company, the Manager of Premier Arhaus, LLC, an Ohio limited liability company, on behalf of the aforesaid limited liability companies. 

IN WITNESS WHEREOF, the undersigned has set my hand and seal on the 13th day of
February, 2019. 
  

	
	 /s/ Holly M. Tufts

	Notary Public


  













			
	STATE OF OHIO	  	:
		  	: SS.
	COUNTY OF SUMMIT	  	:

 The foregoing instrument was acknowledged before me this
13th day of February, 2019, by Dawn Phillipson, the CFO of Arhaus, LLC, a Delaware limited liability company, on behalf of the aforesaid limited liability company. 

IN WITNESS WHEREOF, the undersigned has set my hand and seal on the 13th day of
February, 2019. 
  

	
	 /s/ Allan Churchmack

	Notary Public