Exhibit 10.1


LEASE


 





This Lease Agreement
made between D’AMATO INVESTMENTS, LLC, of Milford, Connecticut, hereinafter called "LANDLORD", and


Rel-Tech Electronics, Inc.


hereinafter
called the "TENANT".


 


WITNESSETH: That the LANDLORD does hereby demise and lease to
TENANT and TENANT does hereby hire from the LANDLORD the premises located at: 215 Pepe Farm Rd.., Milford, CT, Units A2, B2,
C, D & E1 subject to the following terms and conditions:


 


 


ARTICLE l - LEASE TERM


The term of this lease shall be for a period
of two years, which shall commence September 1, 2017 (Commencement Date) and terminate on August 31, 2019.


 


 


ARTICLE 2 - RENT


The rent hereinafter specified shall be
paid in advance in monthly installments on the 1st day of each month commencing Sept. 1, 2017. All rental checks
received after the 10th of each month are subject to ten percent (10%) late fee. Said rent shall be payable to D’Amato Investments,
LLC. Said rent shall be payable at l83 Quarry Road, Milford, Connecticut or such other place as the LANDLORD may require. Rental
checks are to be mailed to D'Amato Bros., P.O. Box 3063, Milford, Connecticut 06460.


The rent for the term shall be $104,487.48
payable in monthly installments as follows: $8,707.29.


 


 


ARTICLE 3 - TENANT'S MAINTENANCE AND REPAIR OF PREMISES


Except as hereinafter provided, TENANT shall
maintain and keep the interior of the premises in good repair, free of refuse and rubbish and shall return the same at the expiration
or termination of this Lease in as good condition as received by TENANT, ordinary wear and tear, damage or destruction by fire,
flood, storm, civil commotion or other unavoidable cause excepted. TENANT shall be responsible for all trash removal, and shall
at all times keep the premises free of accumulations of trash. TENANT shall be responsible for paying the first $300.00 per occurrence
of all non-structural repairs including repairs to the heating or air conditioning systems, once its established that they are
in working order. If any repair exceeds $300.00, prior approval from LANDLORD must be obtained. TENANT is also responsible for
installation and repairs to any emergency lighting and fire alarm systems required by any regulatory bodies. TENANT hereby agrees
to obtain a service contract with a reputable heating/air-conditioning contractor in order to provide proper maintenance of the
existing HVAC system.


 






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The TENANT shall neither encumber nor obstruct any sidewalk
or parking area in front of, or any entrance to the premises.


 


 


ARTICLE 4 - TENANT'S ALTERATIONS, ADDITIONS, INSTALLATIONS AND
REMOVAL THEREOF


TENANT may at its own expense, either at
the commencement of, or during the term of this Lease, make such alterations in and/or additions to the leased premises, upon first
obtaining the written approval of LANDLORD as to the materials to be used and the manner of making such alterations and/or additions.
LANDLORD covenants not to unreasonably withhold approval of alterations and/or additions proposed to be made by TENANT. TENANT
may also, at its own expense, install such counters, racks, shelving, fixtures, fittings, machinery and equipment upon or within
the leased premises as TENANT may consider necessary to the conduct of its business. At any time prior to expiration or earlier
termination of the Lease, TENANT shall, if required by the LANDLORD, remove any or all such alterations, additions, or installments
in such a manner as will not substantially injure the leased premises. TENANT shall restore the premises or portion/'s affected
by such removal, to the same conditions as existed prior to the making of such alteration, addition or installation; ordinary wear
and tear, damage or destruction by fire, flood, storm, civil commotion or other unavoidable cause excepted.


All alterations, additions or installations
not so removed by TENANT shall become the property of LANDLORD without liability on LANDLORD's part to pay for the same.


 


 


ARTICLE 5 - LANDLORD'S MAINTENANCE AND REPAIR OF PREMISES


LANDLORD shall maintain and make all necessary
repairs to the foundations, load bearing walls, gutters, downspouts, water mains, gas and sewer lines and roof & all other
structural repairs to the demised premises. TENANT shall be responsible for the first $300.00 per occurrence of non-structural
repairs including but not limited to the heating & air conditioning systems, once it is established that they are in working
order. TENANT is also responsible for installation and repairs to any emergency lighting and fire alarm systems required by any
regulatory bodies.


 






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TENANT shall permit LANDLORD and LANDLORD's
agents to enter at all reasonable times, to view the state and condition of the premises or to make such alterations or repairs
therein as may be necessary for the safety and preservation thereof, or for any other reasonable purpose.


 


 


ARTICLE 6 - FIRE AND CASUALTY


If the premises are damaged by fire or other
casualty, LANDLORD may cause the damage to be repaired and the rent will be abated for such period of time as the premises may
be untenantable, but if the premises are destroyed or so damaged that LANDLORD shall decide that it is inadvisable to repair same,
this lease shall cease and terminate, and rental shall be adjusted to the date when such fire or casualty occurred. TENANT agrees
to release LANDLORD from any and all claims for loss, damage, or inconvenience arising from such fire or casualty. In any determination
to terminate pursuant to this paragraph, the LANDLORD shall exercise good faith in its determination regarding the repair of the
premises.


 


 


ARTICLE 7 - SIGNS


No sign, advertisement or notice shall be
affixed to or placed upon any part of the demised premises by the TENANT, except in such manner, and of such size, design and color
as shall be approved in advance in writing by the LANDLORD. Such approval shall not be unreasonably withheld.


 


 


ARTICLE 8 - SUBORDINATION TO MORTGAGES


This lease is subject and is hereby subordinated
to all present and future mortgages, deed of trust and other encumbrances affecting the demised premises or the property of which
said premises are part. The TENANT agrees to execute, at no expense to the TENANT, any instrument which may be deemed necessary
or desirable by the LANDLORD to further effect the subordination of this lease to any such mortgage, deed of trust or encumbrance.


 


 


ARTICLE 9 - CONDEMNATION


In the event that the leased premises shall
be taken for public use by the city, state, federal government, public authority or other corporation having the power of eminent
domain, then this lease shall terminate as of the date on which possession thereof shall be taken for such public use, or, at the
option of TENANT, as of the date on which the premises shall become unsuitable for TENANT's regular business by reason of such
taking. If such a taking of only a part of the leased premises occurs, and TENANT elects not to terminate the lease, there shall
be a proportionate reduction of the rent to be paid under this lease from and after the date such possession is taken for public
use. TENANT shall not have the right to participate, directly or indirectly in any award for such public taking.


 






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ARTICLE 10 - TAXES


LANDLORD shall pay all base taxes, assessments
and charges which shall be assessed and levied upon the leased premises or any part thereof during the said term as they shall
become due. Personal property taxes shall be paid by the TENANT.


 


 


ARTICLE 11 - INSURANCE


The TENANT further agrees that it will at
all times indemnify the LANDLORD and save it harmless from any and all claims for injury or damage sustained upon the Leased Premises
to the person or property of any person other than the TENANT unless said damage or injury be caused by or be due to the negligence
of the LANDLORD and that it will at its own expense carry public liability insurance in the amount of $1,000,000.00, with such
companies as may be satisfactory to the LANDLORD. Said policies shall name the LANDLORD as additional parties. The TENANT shall
provide the LANDLORD with proof of said insurance.


 


 


ARTICLE 12 - PERSONAL PROPERTY


All personal property placed or moved in
the premises above described shall be at the risk of the TENANT or owner thereof, and LANDLORD shall not be liable for any damage
to said personal property, or to the TENANT arising from the bursting or leaking of water pipes or any other causes.


 


 


ARTICLE 13 - COMPLIANCE WITH REGULATORY AGENCIES


The TENANT shall promptly execute and comply
with all statutes, ordinances, rules, orders, regulations and requirements of the Federal, State and City Government and of any
and all their Departments and Bureaus applicable to said premises, for the correction, prevention and abatement of nuisances or
other grievances in, upon, or connected with said premises during said term TENANT's use of the premises shall be:


Mfg. of wire cable and harness


 



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ARTICLE 14 - UTILITY CHARGES


Charges will be paid as follows:


	a.	Gas	- Tenant	e.	Trash Removal	- Tenant 
	b.	Electric	- Tenant	f.	*Snow Removal	- Landlord 
	c.	Water	- **Landlord	g.	Landscaping	- Landlord 
	d.	Sewer Use	- N/A	h.	Common Area	- Landlord 


 


		*	The TENANT shall be responsible for the removal of snow
from the sidewalks and doors fronting the demised premises.



		**	Unless TENANT’s use is excessive.



 


 


ARTICLE 15 - SECURITY ASSIGNMENT


The said TENANT hereby pledges and
assigns to the Lessor all furniture, fixtures, goods and chattels of said TENANT, which shall or may be brought or put on said
premises as security for the said lien may be enforced by distress foreclosure or otherwise at the election of the said LANDLORD.



 


 


ARTICLE 16 - SUBLETTING AND ASSIGNMENT


The TENANT shall not sublet the demised
premises nor any portion thereof, nor shall this be assigned by the TENANT without the prior consent of the LANDLORD, which consent
shall not be unreasonably withheld. The TENANT shall not be entitled to any amounts received from sub-tenant's rental in excess
of the rental due under this lease.


 


 


ARTICLE 17 - MECHANIC'S LIEN


In the event that any Mechanic's Lien is
filed against the premises as a result of alterations, additions, or improvements made by the TENANT, the LANDLORD may at his option,
after sixty (60) days notice to the TENANT, and after TENANT's failure within such time either to satisfy the lien or provide the
LANDLORD with evidence of the invalidity of such lien, pay said lien, without inquiry into the validity of the lien and the LANDLORD
may terminate this lease by written notice to the TENANT. The TENANT shall forthwith reimburse the LANDLORD the total expense incurred
by the LANDLORD in discharging the said lien, as additional rent hereunder.


 





 



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ARTICLE 18 - GLASS


The TENANT agrees to replace at the TENANT's
expense any and all glass which may become broken in and on the demised premises.


 


 


ARTICLE 19 - LANDLORD'S RIGHT TO INSPECT AND EXHIBIT


The LANDLORD, or its agents, shall have
the right to enter the demised premises at reasonable hours, to examine same, make necessary repairs and/or alterations without
unreasonable interference with the conduct of the TENANT's business. LANDLORD or its agents shall be entitled to show the premises
at reasonable times to persons wishing to purchase the same, and the TENANT further agrees that the LANDLORD shall have the right
to show the premises for rental purposes on or after ninety (90) days prior to the expiration of this lease and to place reasonable
notices on the front of the premises or any part thereof, offering the premises "To Let" or "For Sale", and
TENANT hereby agrees to permit the same to remain thereon without hindrance or molestation; provided, however, that such notices
shall not interfere with TENANT's signs or the conduct of TENANT's business.


 


 


ARTICLE 20 - NO WAIVER OF RIGHTS


The failure of either party to insist upon
a strict performance of any of the terms, covenants and conditions herein shall not be deemed a waiver of any rights or remedies
of either such party, and shall not be deemed a waiver of any subsequent breach or default in any of their terms, conditions and
covenants herein contained.


 


 


ARTICLE 21 - BANKRUPTCY, INSOLVENCY, ASSIGNMENT FOR BENEFIT


It is further agreed that if at any time
during the term of this lease the TENANT shall make any assignment to the benefit of creditor, or be decreed insolvent or bankrupt
according to law, or if a receiver shall be appointed for the TENANT, the LANDLORD may, at its option, terminate this lease. Exercise
of such option to be evidenced by notice to that effect served upon the assignee, receiver, trustee or other person in charge of
the liquidation of the property of the TENANT or the TENANT's estate, but such termination shall not release or discharge any payment
of rent payable hereunder and then accrued, or any liability then accrued by reason of any agreement or covenant herein contained
on the part of the TENANT, or the TENANT's legal representatives.


 


 


 



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ARTICLE 22 - NOTICES


All notices and/or demands, legal or otherwise,
incidental to this lease, or the occupation of the demised premises, shall be in writing. If the LANDLORD or its agents desires
to give or serve upon the TENANT any notice or demand, it shall be sufficient to send a copy thereof by first class mail, addressed
to the TENANT at the demised premises, or to leave a copy thereof with the person of suitable age found on the premises, or to
post a copy thereof upon the door to said premises. Notices from the TENANT to the LANDLORD shall be sent first class mail or delivered
to the LANDLORD at the place hereinbefore designated for the payment of rent, or to such party or place that the LANDLORD may from
time to time designate in writing.


 


 


ARTICLE 23 - RIGHTS UPON DEFAULT


In the event of the nonpayment of said rent,
or any installment thereof, at the time in the manner above provided, or if the TENANT shall be dispossessed for nonpayment of
rent, or if the leased premises shall be deserted, or vacated, the LANDLORD or its agents shall have the right to enter the said
premises as the agent of the TENANT either by force or otherwise and may relet the premises as the agent of the TENANT, and receive
the rent thereof, upon terms that may be reasonable and satisfactory to the LANDLORD, and all rights of the TENANT to repossess
the premises under this lease shall be forfeited. Such re-entry by the LANDLORD shall not operate to release the TENANT from any
rent to be paid or covenants to be performed hereunder during the full term of this lease. For the purpose of re-letting the LANDLORD
shall be authorized to make such reasonable repairs or alterations in or to the leased premises as may be necessary to restore
the premises to rentable condition. The TENANT shall be liable to the LANDLORD for the cost of such repairs or alterations, and
all reasonable expenses of such re-letting. If the sum realized or to be realized from this letting is insufficient to satisfy
the monthly or term rent provided in this lease, the LANDLORD, at his option may require the TENANT to pay such deficiency month
by month, or may hold the TENANT in advance for the entire deficiency to be realized during the term of re-letting. The TENANT
shall not be entitled to any surplus funds accruing as a result of the re-letting. The TENANT agrees to pay, as additional rent,
all reasonable Attorneys’ fees and other expenses incurred by the LANDLORD in enforcing any obligations under this lease.


 


 


 



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ARTICLE 24 - PROVISIONS NOT EXCLUSIVE


The foregoing rights and remedies are not
intended to be exclusive but as additional to all rights and remedies the LANDLORD would otherwise have by law.


 


 


ARTICLE 25 - SECURITY DEPOSIT


Upon execution of this agreement the TENANT
shall deposit with the LANDLORD the sum of $ 17,414.58 security for the faithful performance and observance by TENANT of
the terms, provisions and conditions of this Lease. In the event of any default by TENANT, the LANDLORD may use, apply, retain
the whole or any part of the security so deposited to the extent required to compensate LANDLORD for damages sustained by TENANT's
default. LANDLORD shall have the right to commingle any monies held as security with his own monies and accounts. Said security
shall not bear interest. Said security shall increase as the rent increases so as to always remain the equivalent of 2 month(s)
of the current rental payment.


 


 


ARTICLE 26 - HAZARDOUS MATERIAL/CONTAMINANTS


The TENANT hereby agrees that should it,
at any time during its occupancy of the subject premises, store or use any substance considered by the United States Environmental
Protection Agency (E.P.A.) or the State of Connecticut Department of Environmental Protection (D.E.P.) to be hazardous materials
or contaminants the following procedures of notice to the LANDLORD will be complied with:


The TENANT will give the LANDLORD written
notice in the manner set forth elsewhere herein, providing the following information:


 


A) Notice of each of said substances and the volume of each
substance used by the TENANT monthly or annually. Also a description of the TENANT's methods of handling these materials.


 


B) Notice of the approximate monthly or annual volume of waste
material resulting from the TENANT's use of said hazardous material or contaminants. TENANT will also describe its handling and
methods of disposal of said materials including the names of all outside firms employed in handling and disposal.


 






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It is further understood that the TENANT
bears full and absolute responsibility for any and all "spills" as defined by the E.P.A. and D.E.P., which occur upon
any property of the LANDLORD or any other adjacent properties as a result of the TENANT's operations or those operations of the
TENANT's invitees and/or outside contractors. The TENANT will hold the LANDLORD harmless from any claims whatsoever, resulting
from a "spill" related to the TENANT's occupancy and use. TENANT will bear full financial responsibility for any and
all cost related to any spill or spills, including immediate remediation and any long term monitoring required by the E.P.A. or
D.E.P.


 


Additionally, the TENANT covenants and agrees
that in such instance of a "spill", the TENANT will, at a minimum, provide telephone and/or written notice to the Connecticut
Department of Environmental Protection and to the LANDLORD within four (4) hours of each occurrence, and begin immediate actions
of clean up and remediation.


 


 


ARTICLE 27 - OTHER PROVISIONS-This agreement shall be subject
to the terms, conditions and provisions contained in "Addendum To Lease", if any, attached hereto.


 


 


ARTICLE 28 - LANDLORD'S RULES & REGULATIONS


 


		1)	Use of Common Elements



 


		a)	All motor vehicle parking will be in common with the other Tenants. There will be no parking set aside or reserved except for
handicapped access parking as required by law. Tenants shall use reasonable efforts to insure that non-handicapped people do not
occupy the handicapped spaces.



 


		b)	Picnic tables and other similar amenities which the Land-lord or others may from time to time establish, for the use of Tenant
shall be kept reasonable clean and orderly by those who use these amenities.



 


		c)	Tenant further agrees that he shall not park any vehicle on the premises overnight if the weather forecast calls for snow.



 


		2)	Unregistered Motor Vehicles



 


No unregistered vehicles or motor vehicles of any
kind may be present upon any part of the premises. This includes, but is not limited to, any automobiles, trailers, boats, vans,
trucks, motorcycles, etc.


 






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		3)	Outside Storage



 


No outside storage of any kind is allowed upon the
property.


 


This is an all inclusive prohibition and includes
any of the Tenant's goods, fixtures, barrels, skids and so forth.


 


No truck bodies, storage sheds or storage containers
may be placed upon the premises.


 


 


ARTICLE 29 - This lease may not be changed orally.


 


 


 


 






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IN WITNESS WHEREOF, the parties have caused these
presents to two counterparts of this Agreement, each of which shall be deemed an original as of the date of execution by the
Landlord.


 


 


	In the presence of: 	 
	 	 
	 	LANDLORD
	 	D’Amato Investments, LLC
	 	By: JohnLou Corp., its Manager
	 	 
	 	 
	 	 
	__________________________	/s/ Louis J. D’Amato
	 	By: LOUIS J. D'AMATO, PRESIDENT
	 	Duly Authorized 


 


 


	 	TENANT:
	 		Rel-Tech Electronics, Inc.
	 	 	 
	 	 	 
	__________________________	BY:	/s/ Ralph Palumbo
	 	 	Ralph Palumbo
	 	 	Duly Authorized
	 	 	 
	 	 	 
	 	 	 
	__________________________	BY:	_________________________
	 	 	 
	 	 	Duly Authorized


 


 


	SIGNED BY LANDLORD	7/25/17
	SIGNED BY TENANT	7/21/17


 








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