Document:

Exhibit 10.8

 

COMMERCIAL LEASE

 

LEASE made this 13th day of March,
2019, by and between Lexvest Parker LLC, a Massachusetts limited liability company with a principal place of business at Two Shaker
Road Street, Shirley, Massachusetts 01464 (hereinafter referred to as the “LESSOR”) and Mynd Analytics, Inc., a California
corporation with a principal place of business at 26522 La Alameda Suite 290 Mission Viejo CA 92648 (hereinafter referred to as
the “LESSEE”).

 

1.       Leased
Premises - The LESSOR hereby leases to the LESSEE and the LESSEE hereby leases from the LESSOR approximately 1,800 rentable
square feet being a portion of Suite 306 and as defined in the Lease Schedule listed below in section 2 of this agreement and identified
on Exhibit A, located at 141 Parker Street, Maynard, MA (hereinafter referred to as 141 Parker).

 

The LESSEE shall have as appurtenant to (and to the extent
necessary for the uses permitted hereunder) the right to use 24 hours per day, 7 days per week, for their intended purposes, in
common with the LESSOR and all others, including other tenants of 141 Parker and their guests and invitees, and subject to such
rules and regulations as LESSOR may adopt from time to time, i) walkways, , and ii) other common areas of 141 Parker (collectively
hereinafter referred to as the Common Areas or the Facilities). In addition to the rights reserved to the LESSOR in this Lease,
LESSOR also reserves the right from time to time, to: construct additions to the Building(s); make alterations to the Building(s);
adjust the Total Rentable Area of the Building(s) and 141 Parker and LESSEE’S Proportionate Share thereof (as hereinafter
defined); change the size, location or arrangement of Common Areas, install, use, maintain, relocate, repair and replace pipes,
ducts, conduits, wires, fixtures, facilities, meters and equipment for service to or in the Leased Premises or to 141 Parker;
also to relocate any other Facility, and grant easements or other rights in the Common Areas, if necessary. All changes shall
be reasonable, to require that the changes can not unreasonably infringe upon LESSEE’S business operation or use of the
leased premises, and shall require advance notice. The LESSEE shall not be entitled to any compensation or abatement of Base Rent
(as hereinafter defined) or Additional Rent (as herein after defined) as a result of the granting of such easements so long as
LESSOR does not diminish the LESSEE’S right to quiet enjoyment of the Leased Premises and its contemplated operation as
an office suite, and for general office use incident thereto and for no other purposes.

 

     

     

    

 

2.       Term - The
term of this Lease shall be Month to Month (hereinafter referred to as the Term) commencing and ending on the following dates
unless sooner terminated, as provided herein. Lessee or Lessor shall have the right to terminate this lease (the “Termination
Notice”) with 30 days written notice to other during the Term of this Lease.

 

Lease Schedule

 

	Floor	Rentable Square 

Feet	Commencement Date	End Date
	3rd floor	+/- 1,800	March 18, 2019	September 30, 2019

 

3.       Base
Rent – Rent for the period of March 18, 2019 to March 31, 2019 shall be $1,050.00. Beginning on April 1, 2019 and continuing
during the Term, except as hereinafter provided, the LESSEE shall pay to the LESSOR monthly BASE RENT of $2,100, prorated for a
partial month, for the term of the lease, subject to Base Rent Escalation, on or before the first (1st) day of each
month which shall include LESSEE’s electric, heat and cooling. Upon execution of this Lease the LESSEE shall pay first month’s
rent and Security Deposit.

 

4.       Intentionally Omitted

 

5.       Security
Deposit/Security Interest – $2,100. The Lessor shall return the Security Deposit or any portion thereof due back to Lessee
within 30 days after the termination of the lease and provide Lessee with written explanation for any portion withheld.

 

6.       Utilities
- Lessor shall not be required to furnish or arrange for the furnishing of utilities or services of any kind to the Leased
Premises, or to provide utilities or equipment other than the utilities and equipment within the Leased Premises as of the Commencement
Date of this Lease. In the event LESSEE requires additional utilities or equipment, the installation and maintenance thereof shall
be the LESSEE’S sole obligation, provided that such installation shall be subject to the written consent of the LESSOR,
which consent shall not be unreasonably withheld or delayed. In no event shall LESSOR be liable to LESSEE in damages or otherwise
for any interruption, curtailment or suspension of any of the foregoing utility services in the event of a default by the LESSEE
under this Lease, or due to repairs, action of public authority, strikes, acts of God or public enemy, or any other cause, whether
similar or dissimilar to the aforesaid. Lessee shall not be not responsible for the cost of electric and gas usage.

 

7.       Use
- The LESSEE shall use the Leased Premises only for office uses relating thereto and for no other purposes.

 

     

     

    

 

The LESSEE shall only use the
Premises for the purpose set forth in this Lease. The LESSEE, at its own expense, shall:

 

		a)	Comply with all federal, state, county, and municipal laws, ordinances, rules, and regulations
related to the LESSEE’s specific business and the LESSEE’s specific use of the Premises;

 

		b)	Obtain Certificate of Occupancy from the local municipality

 

		c)	Use the Premises in a safe manner;

 

		d)	Keep nothing which is hazardous, dangerous or explosive or which might unreasonably increase
the risk of fire or other casualty at the Premises.

 

		e)	Comply with all reasonable requirements of the Landlord’s property casualty insurance carrier;
provided same does not require any structural or exterior repairs to the Premises and/or the Building.

 

		f)	Allow landlord to provide fire extinguishers and “No
Smoking” signs in accordance with reasonable instructions from the Landlord’s property casualty insurance carrier;

 

		g)	Use the Premises without causing an increase of the Landlord’s property casualty insurance
rates or pay the amount of any increase caused by the LESSEE’s use of the Premises as Additional Rent; (unless such increase
is based on LESSEE’s use of the Premises pursuant to the terms of this Lease).

 

		h)	Use the Premises without causing a termination of the Landlord’s property casualty insurance
policy

 

		i)	Use the Premises without causing any liens to affect the Premises;

 

		j)	Maintain the Premises in a neat, clean, habitable condition, free of trash, vermin, and insects;

 

		k)	Keep the walkways, driving aisles, parking areas, and landscaped areas, which surround and serve
the Premises, free of trash and free of goods.

 

		I)	Keep all trash within tied bags within a covered dumpster
or container;

 

		m)	Keep no animals at the Premises;

 

		n)	Use only equipment which does not damage the subfloors;

 

		o)	Use the Premises without unreasonably disturbing the possession or quiet enjoyment of any other
tenant;

 

		p)	Keep all vehicles related to its business from parking on the street;

 

     

     

    

 

		q)	Use the Premises in accordance with reasonable, nondiscriminatory regulations established from
time to time by the Landlord, which will not interfere with LESSEE’s use of the Premises for the use provided in this lease.

 

8.       Compliance
with Laws - The LESSEE shall conduct no trade or business in or on the Leased Premises or make any use thereof which will
constitute a legal nuisance, be unlawful, or be contrary to any law or municipal by-law. LESSEE agrees that if it or anyone claiming
under it generates upon, stores upon, disposes of or transfers to and from the Leased Premises any hazardous materials as defined
in any Federal or State law or regulation, LESSEE shall forthwith remove the same from the Leased Premises in the manner provided
by applicable law, regardless of when such hazardous materials shall be discovered. Furthermore, LESSEE shall forthwith repair
and restore any portion of the Leased Premises, which LESSEE shall disturb in so removing any hazardous materials to the condition,
which existed prior to the disturbance thereof. This section shall survive the expiration or other termination of this Lease,
and LESSEE agrees that, in addition to any other remedies which LESSOR may have at law, or in equity to enforce this section after
the termination of this Lease, the LESSOR shall have the remedy hereinafter set forth. For the purpose of this section, “hazardous
materials” shall be deemed to be any materials (including oil) defined as such in any law (Federal, State and/or Local)
applicable to the Leased Premises. If LESSEE shall at anytime breach or default in the performance of any of the obligations,
covenants or agreements of LESSEE under this section, LESSOR shall have the right to enter upon the Leased Premises and to perform
such obligations of LESSEE, including payment of money and the performance of any other act. All sums so paid by LESSOR and all
necessary incidental costs and expenses in connection therewith shall be deemed to be Additional Rent under this Lease which shall
be payable to LESSOR immediately upon demand. The LESSEE hereby further agrees to indemnify the LESSOR against and hold the LESSOR
harmless from any and all liability, damage, cost and expense (including, without implied limitation, costs of collection and
attorneys’ fees and costs) arising from any claim of liability for environmental damage attributable to the use or occupancy
of the Leased Premises during the term of this Lease. As used herein, the term “environmental damage” shall mean any
deleterious effect on air, water, or soil having a material adverse impact on persons or property, wherever located, arising from
any use of the premises then constituting a violation of any law, rule, or regulation of any governmental authority. The agreements
of LESSEE in this section shall survive the termination of this Lease, and the waiver of any such indemnification with respect
to any particular instance shall not operate as a waiver with respect to any subsequent or other instance.

 

9.       Insurance
- At all times, subsequent to the Commencement Date of this Lease (and immediately, if occupancy in any form has commenced at the
date of the execution of this Lease) the LESSEE shall, at its sole cost and expense, maintain with respect to the Leased Premises,
the following insurance:

 

(a)     Insurance
against damage by such other hazards and in such amounts as any bank, trust company or other institutional lender holding a first
mortgage on the Leased Premises may, from time to time, require;Comprehensive public liability insurance, with a combined
single limit of not less than One Million ($1,000,000.00) Dollars for bodily injury and for property damage, and, at the LESSOR’S
request, in such higher amounts as may be customarily carried from time to time by commercial tenants utilizing space as warehousing,
distribution and Office facilities.

 

     

     

    

  

All policies of insurance
required to be maintained by the LESSEE shall name the LESSOR and the LESSEE as the insured, as their respective interests may
appear, and shall be written by responsible insurance companies qualified to do business in Massachusetts and approved by any lending
institution holding a first mortgage on the Leased Premises. LESSEE agrees that all such policies shall not be materially changed,
canceled or terminated without at least fifteen (15) days prior written notice to the LESSOR and any holder of a mortgage of record
covering the Leased Premises. The LESSEE shall furnish to the LESSOR and any holder of a mortgage of record covering the Leased
Premises, certificates for such insurance complying with this paragraph at the commencement of the Lease term, and certificates
of any renewal or replacement policy not later than ten (10) days prior to the expiration date of the policy being renewed or replaced.

 

10.     Maintenance
and Repair - The LESSEE agrees to maintain the Leased Premises in good condition, reasonable wear and tear, and damage by fire
or other casualty not caused by the negligence of the LESSEE only excepted, and whenever necessary, to repair damage caused by
LESSEE, acknowledging that the Leased Premises are to be rented as is. The LESSEE shall not permit the Leased Premises to be overloaded,
damaged, or defaced, nor suffer any waste. The LESSOR agrees to maintain the structure of the Building(s) constituting the Leased
Premises in the same condition as they are at the Commencement Date or as they may be put in by LESSOR during the term of this
Lease, reasonable wear and tear and damage by fire and other casualty only excepted, unless such maintenance is required because
of actions of the LESSEE or those for whose conduct the LESSEE is legally responsible. The LESSEE
shall be responsible for all interior maintenance of the premises, (other than structural repairs as herein noted), and LESSEE
agrees to:

 

     

     

    

 

		(a)	Maintain all equipment, fixtures, and improvements in good repair and a sanitary, neat and clean
appearance, free of any infestation.

 

		(b)	Make all necessary repairs to the Premises,
and all equipment, fixtures, and improvements therein, except structural or other repairs as heretofore made the responsibility
of others.

 

		(c)	Use all plumbing, electric, and other facilities safely and in the way for which they were intended.

 

		(d)	Use no more electricity than the wiring or feeders were designed for, or can safely accommodate.

 

		(e)	Properly dispose of its garbage, trash, debris, end product, by product or other waste, etc.
in a proper manner, complying with all relevant rules and regulations.

 

		{f)	Replace any and all broken windows in the Premises if
damage is caused by Lessee.

 

		(g)	Keep nothing dangerous, explosive, flammable, or combustible,
in the Premises that will increase the risk of fire.

 

		(h)	Promptly notify the Landlord of conditions that need repair, and
promptly execute repairs that are the responsibility of the LESSEE.

 

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		(h)	Avoid littering on the building grounds, including but not limited to, the littering by the LESSEE’s
employees, agents, or visitors of the LESSEE. Maintain the Demised Premises, and area around the Demised Premises in such a manner
to avoid the blowing or release of litter, rubbish, packaging materials, and the like from the Demised Premises
or LESSEE’s trash containers. Promptly clean up any spillage of trash from
the LESSEE’s trash removal contractor(s).

 

		(i)	Do nothing to destroy the peace and quiet of the neighborhood, Landlord, other tenants, or people
in the neighboring areas.

 

		(j)	Promptly comply with all laws, orders, rules and requirements of all governmental authorities,
insurance carriers, board of fire underwriters, or similar groups.

 

11.     Alterations
and Additions –The LESSEE acknowledges that it is leasing the Leased Premises in their current condition or in the condition
as agreed to by LESSOR, and that it shall be its responsibility to make any improvements to the Leased Premises necessary to make
them more suitable for the LESSEE’S intended use. The LESSEE shall not, however, make any structural or non-structural alterations
including but not limited to window treatments or additions to the Leased Premises except with the prior written consent of the
LESSOR, which consent shall not be unreasonably withheld or delayed. All such allowed alterations and additions shall be at the
LESSEE’S expense and shall be in quality equal to present construction standards and code requirements. The LESSEE shall
not permit any mechanics’ liens or similar liens to remain upon the Leased Premises for labor and material furnished to
the LESSEE or claimed to have been furnished to the LESSEE in connection with work of any character performed or claimed to have
been performed at the direction of the LESSEE and shall cause any such lien to be released of record forthwith without cost to
the LESSOR. Any alterations and additions made by the LESSEE shall become the property of the LESSOR at the time the LESSEE terminates
occupancy of the Leased Premises. .

  

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12.     Assignment
and Subletting - The LESSEE shall not assign this Lease nor sublet the whole or any part of the Leased Premises without the
LESSOR’S prior written consent which consent shall not be unreasonably withheld. Notwithstanding any such consent,
the LESSEE shall remain liable to the LESSOR for the payment of all Base Rent and Additional Rent and for the full performance
of the covenants and conditions of this Lease. Any surplus rent received beyond the obligation of the lease by Lessee shall be
paid to the Lessor on a monthly basis.

 

13.     LESSOR’S Access - The LESSOR or agents of the LESSOR may, with 24 hour notice except upon emergency, enter the Leased
Premises to inspect the condition of the same, to make such repairs and perform such maintenance as it shall be required or elect
to make or perform, and to show the same to prospective buyers, lenders, and tenants and others and, access any common building
utility rooms. At any time within twelve (12) months of the expiration of the term, the LESSOR may affix to any suitable part of
the Leased Premises a sign or notice for the sale or lease of the Leased Premises.

 

14.     Non-Liability
and Indemnification - Except to the extent prohibited by law, all property kept on the Leased Premises by the LESSEE or others
claiming under the LESSEE, shall be so kept at the risk of the LESSEE; the LESSOR shall have no liability for damage to or destruction
of such property caused by fire, the bursting or leakage of pipes, or otherwise; the LESSOR shall have no liability for any injury
to the LESSEE, the employees, agents, or invitees of the LESSEE, or others claiming under the LESSEE; and the LESSEE shall indemnify
the LESSOR against and hold it harmless from any and all liability, damage, cost and expense (including, without implied limitation,
cost of collection and attorneys’ fees and costs) on account of any such damage or injury.

 

15.     Waiver of Subrogation
- The LESSEE and the LESSOR agree that, with respect to any insurance coverage carried by either the LESSEE or the LESSOR
in connection with the Leased Premises, whether or not such insurance is required by the terms of this Lease, such insurance shall
provide for the waiver by the insurance carrier of any subrogation rights against the LESSOR, its agents, servants, and employees
under the LESSEE’S insurance policies or against the LESSEE, its agents, servants, and employees under the LESSOR’S
insurance policies, where such waiver of subrogation rights either does not require the payment of an additional premium, or,
if an additional premium is required to be paid, the party to be benefited by the waiver offers to pay such premium after being
notified of such additional premium.

 

Notwithstanding any other
provision of this Lease and without limiting the effect of any such provision, the LESSOR shall not be liable to the LESSEE, and
the LESSEE hereby waives any right of recovery against the LESSOR, for any loss or damage, whether or not such loss or damage
is caused by the negligence of the LESSOR, its agents, servants, or employees, but only to the extent that such loss or damage
is actually recovered under insurance carried by the LESSEE. Likewise, notwithstanding any other provisions of this Lease and
without limiting the effect of any such provision, the LESSEE shall not be liable to the LESSOR and the LESSOR hereby waives any
right of recovery against the LESSEE for any loss or damage whether or not such loss or damage
is caused by the negligence of the LESSEE or its agents, servants, or employees, but only to the extent that such loss or damage
is actually recovered under insurance carried by the LESSOR.

 

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16.     Casualty
and Eminent Domain - Should a substantial part of the Leased Premises be substantially damaged by fire or other casualty or
should a substantial part of the Leased Premises be taken by eminent domain, the LESSOR may elect to terminate this Lease. When
such fire, casualty, or taking renders the Leased Premises substantially unsuitable for this intended use, a just and proportionate
abatement of rent shall be made, and the LESSEE may elect to terminate this Lease if:

 

(a)       the
LESSOR fails to give written notice within thirty (30) days of intention to restore the Leased Premises; or

 

(b)       the
LESSOR fails to restore the Leased Premises to a condition substantially suitable for their intended use within ninety (90) days
of said fire, casualty or taking.

 

The LESSOR reserves, and the LESSEE grants to
the LESSOR, all rights which the LESSEE may have for damages or injury to the Leased Premises for any taking by eminent domain,
except for damage to the LESSEE’S fixtures, property or equipment.

 

17.     Subordination
- This Lease shall be subject and subordinate to any and all mortgages, deeds of trust and other instruments in the nature
of a mortgage, now or at any time hereafter, constituting a lien or liens on the Leased Premises and the LESSEE shall, when requested,
promptly execute and deliver such written instruments (commonly known as a Subordination No Disturbance and Attornment agreement)
as shall be necessary to show the subordination of this Lease to said mortgages, deeds of trust, or other such instruments in the
nature of a mortgage.

 

18.     Status
Certificate - The LESSEE agrees that, from time to time upon written request by the LESSOR, it shall execute and deliver to
the LESSOR, a statement (commonly known as an Estoppel Certificate) in writing certifying that this Lease is unmodified and in
full force and effect (or, if there have been modifications, that this Lease is in full force and effect and stating the modifications);
that the LESSEE has no defenses, offsets, or counterclaims against its obligations hereunder or, if there are any defenses, offsets,
or counterclaims, setting them forth in reasonable detail; and the date to which the Base Rent, Additional Rent, and other charges
have been paid. Any such statement may be relied upon by any purchaser or mortgagee of the Leased Premises.

 

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19.     Default - In the event that:

 

(a)       the
LESSEE shall default in the payment of any installment of rent or other sum payable under this Lease and such default shall continue
for seven (7) business days after written notice thereof;

 

(b)       the
LESSEE shall default in the observance or performance of any other of the LESSEE’S covenants, agreements, or obligations
hereunder and such default shall not be corrected within thirty (30) days after written notice thereof;

 

(c)       the
LESSEE shall make an assignment for the benefit of creditors; admit in writing its inability to pay its debts as they become due;
file a petition in bankruptcy, be adjudicated a bankrupt or insolvent, or shall file a petition seeking any reorganization, arrangement,
composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, or file an answer admitting
or not contesting the material allegations or a petition filed against it in any such proceeding; or seek, consent to, or acquiesce
in the appointment of any trustee, receiver or liquidator of any material part of its assets;

 

(d)       within
thirty (30) days after the commencement of any proceeding against the LESSEE seeking any reorganization, arrangement, composition,
readjustment, liquidation, dissolution or similar relief under any present or future statute, such proceeding shall not have been
dismissed, or if, within thirty (30) days after the appointment without the consent or acquiescence of the LESSEE of any trustee,
receiver or liquidator of any material part of its assets, such appointment shall not have been vacated; or

 

(e)       the
interest of LESSEE in the Leased Premises shall be sold under execution or other legal process; then the LESSOR shall have the
right shall have the right thereafter to immediately and without further notice to Lessee retain all moneys held as “Security
Deposit” and while such default continues, to re-enter and take complete possession of the Leased Premises, to declare the
term of this Lease ended, and remove the LESSEE’S effects, after written notice, without prejudice to any remedies which
might be otherwise used for arrears of rent or other default. The LESSEE shall indemnify the LESSOR against all loss of rent and
other payments, which the LESSOR may incur by reason of such termination during the residue of the term. If the LESSEE shall default,
after written notice thereof, in the observance or performance of any conditions or covenants on LESSEE’S part to be observed
or performed under or by virtue of any of the provisions of this Lease, the LESSOR, without being under any obligation to do so
and without thereby waiving such default, may remedy such default on the account and at the expense of the LESSEE. If the LESSOR
makes any expenditures or incurs any obligations for the payment of money in connection therewith, including but not limited to,
reasonable attorneys’ fees in instituting, prosecuting or defending any action or proceeding, such sums paid or obligations
incurred, with interest at the rate of eighteen percent
(18%) per annum, shall be paid to the LESSOR by the LESSEE as additional rent. Upon the occurrence of default, LESSOR may exercise
the rights and remedies accorded a secured party by the Uniform Commercial Code any other rights and remedies provided therein.

 

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20.     Reimbursement
of LESSOR’S Expenses - In the case of termination of this Lease pursuant to Paragraph 19 above, LESSEE shall reimburse
LESSOR for all expenses arising out of such termination, including, without limitation, all costs incurred in collecting amounts
due from LESSEE under this Lease (including attorneys’ fees, costs of litigation and the like); all expenses incurred by
LESSOR in attempting to re-let the Leased Premises or parts thereof (including advertisements, brokerage commissions, LESSEE’S
allowances, costs of preparing space and the like); and all of LESSOR’S other reasonable expenditures necessitated by the
termination. The reimbursement from the LESSEE shall be due and payable immediately from time to time, upon notice from the LESSOR
that an expense has been incurred, without regard to whether the expense was incurred before or after the termination.

 

21.     Late
and Bank Charges - If any payment of Base Rent or Additional Rent or other payment due from LESSEE to LESSOR is not paid when
due, then LESSOR may, at its option, with written notice and in addition to all other remedies hereunder, impose a late charge
on LESSEE equal to 1.5% of the amount in question for each month and part thereof while said delinquency continues. Such late charge
shall constitute Additional Rent hereunder payable upon demand. A fee of $100.00 will be charged by LESSOR and due from LESEE for
each and any check returned to LESSOR for insufficient funds or canceled payment.

 

22.     Surrender - The LESSEE
shall, on the expiration of the term or earlier termination of this Lease, remove all of its personal property and effects from
the Leased Premises and surrender the same, together with all additions, alterations, and improvements made by the LESSEE, to
the LESSOR in good tenantable condition, ordinary wear and tear and damage by fire or other casualty not occurring as a result
of the LESSEE’S negligence only excepted. If the LESSOR shall so elect, any personal property belonging to the LESSEE not
removed from the Leased Premises shall be deemed abandoned and become the property of the LESSOR without the necessity of any
payment to the LESSEE. If the LESSEE leaves any property at the Premises after the end of the Term or after the rightful termination
of this Lease, then all such property is considered abandoned. The Landlord may store, use, sell, or dispose of the abandoned
property. The LESSEE shall pay 125% of all reasonable expenses related to disposal of the abandoned property as Additional Rent.
In the event the LESSEE remains in possession of the leased premises after expiration of the tenancy created hereunder, and without
execution of a new lease, the LESSEE, at the option of the Lessor shall be deemed to be Holding Over, as a LESSEE from month to month, at twice the latest base Rent
and Additional Rent, and subject to all other conditions, provisions and obligations of the lease insofar as the same are applicable
to a month to month tenancy. Notwithstanding the foregoing, LESSEE will refrain from moving the Collateral from the Leased Premises
without LESSOR’S prior written consent and will advise LESSOR as to the location of all other Collateral in its possession.

 

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23.     Notices
- Any notice permitted or required to be given by the terms of this Lease shall be in writing and shall be duly given if mailed
by overnight mail or certified mail, return receipt requested, addressed as follows: if intended for the LESSOR, addressed to Eric
Shapiro, Manager, Lexvest Parker LLC, P. O. Box 608, Lexington, Massachusetts 02420, with a copy Attorney Phil Lombardo, 41 North
Road - Suite 100A, Bedford, Massachusetts 01730, and if intended for the LESSEE, to the address shown in paragraph 1 hereof. Either
party may designate a different mailing address for the receipt of notices by advance written notice to the other party, given
in accordance with the provisions hereto. Notice is effective upon receipt.

 

24.     Binding Effect - This
Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns,
and legal representatives. In the event of a sale of Leased Premises by Lessor to a single tenant buyer/user, Lessor shall have
the right to terminate Lease subject to 120 days Notice given to Lessee during which time Base Rent shall be waived. This Lease
shall constitute a valid Security Agreement as defined under the Uniform Commercial Code Revised § 9-102 (73) with all rights
appurtenant to.

 

25.     Relocation
of Leased Premises -Lessor shall have the right with sixty (60) days written notice to Lessee to relocate Lessee and to substitute
for the Leased Premises other space in 141 Parker of approximately the same size, provided that Lessor shall deliver such other
space to Lessee in the same condition as the Leased Premises are then in and shall pay all reasonable moving costs.

 

26.     Amendment
and Waiver - This Lease may be modified or amended only by an instrument in writing signed by both parties. No provision of
this Lease may be waived except by an instrument in writing signed by the party intended to be benefited by the provision.

 

27.     Confidentiality-
The parties to this Lease agree to strictly maintain the confidentiality of the terms of this Lease and neither of the parties,
their agents, attorneys, nor any other individual or entity acting on behalf of the parties, shall disclose the terms (exactly
or in substance) of this Lease to any third parties, including but not limited to, any actual or prospective tenants of the Landlord.
Nothing herein, however, shall preclude the parties from disclosing the terms of the Lease to their attorneys or accountants to
the extent required to comply with tax or other legal obligations.

 

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28.     Governing
Law - This Lease shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts.

 

29.     Other-

 

		(a)	Lessor Improvements:

 

	Lessor shall install a full glass panel in the front
    entry door to the Premises within forty five (45) business days of LESSEE taking possession.

 

		(b)	Lessee agrees to comply with 141 Parker Policies as updated periodically

 

		(c)	Lessee agrees that the doors to the building may be locked 24 hours per
day 7 days per week and building will only be accessible by control and key system. This policy may be changed at any time at Lessor’s
absolute and sole discretion.

 

		(d)	LESSEE is responsible to contain odors and noise within Lessees leased space at Lessees expense.

 

		(e)	Lessee shall have the right to install a small (3’ or smaller) satellite dish on the roof
provided it meets the Town of Maynard’s bylaws.

 

		(f)	Should Lessee give Landlord written notice prior to the End of the Term or prior to a Termination Notice by Landlord of Lessee’s
election to commit to a three year term, this lease shall be amended so that the Term is extended to September 30, 2022, the termination
rights shall be removed, and Premises shall be expanded to include all of Suite 306, Lessee shall install glass panels into the
conference room wall, and the rent schedule shall be:

  

	From	 	 	To	 	 	Monthly Rent	 
	 	3/11/2019	 	 	 	9/30/2019	 	 	$	2,100.00	 
	 	10/1/2019	 	 	 	3/31/2020	 	 	$	2,100.00	 
	 	4/1/2020	 	 	 	9/30/2020	 	 	$	4,025.00	 
	 	10/1/2020	 	 	 	9/30/2022	 	 	$	5,988.50	 

 

    13 

     

    

 

IN WITNESS WHEREOF, the parties have executed
this Lease under seal on the day and year first above written.

 

	 	LESSEE	 	LESSOR
	 	 	 	 	 
	Mynd Analytics, Inc.	 	Lexvest Parker LLC
	 	 	 	 	 
	By: 	 /s/ Patrick Herguth	 	By: 	 /s/ Eric Shapiro
	Patrick Herguth 	 	Eric ShapiroC
	Chief Executive Officer	 	Manager

  

    14 

     

    

 

Exhibit A

 

“Premises”

 

 

 

    15Exhibit 10.1

 

ESCROW AGREEMENT

 

This ESCROW AGREEMENT
(this “Agreement”) is made and entered into as of May 10, 2019 by and among (i) Brooge Holdings Limited,
a Cayman Islands exempted company (“Pubco”), (ii) Continental Stock Transfer & Trust Company,
as escrow agent (the “Escrow Agent”), and (iii) Brooge Petroleum and Gas Investment Company (BPGIC) PLC,
a company incorporated under the laws of England and Wales (“Seller”). Capitalized terms used but not
otherwise defined herein shall have the meaning given to such terms in the Business Combination Agreement (as defined below).

 

WHEREAS, (i) Twelve
Seas Investment Company, a Cayman Islands exempted company (“Purchaser”), (ii) Pubco, (iii) Brooge Merger
Sub Limited, a Cayman Islands exempted company and a wholly-owned subsidiary of Pubco (“Merger Sub”),
(iv) Brooge Petroleum And Gas Investment Company FZE, a company formed under the laws of the Fujairah Free Zone, UAE (the “Company”),
and (v) Seller (pursuant to the Joinder that it delivered to Purchaser, Pubco and the Company on or about the date hereof) are
parties to that certain Business Combination Agreement, dated as of April 15, 2019 (as amended from time to time in accordance
with the terms thereof, the “Business Combination Agreement”), pursuant to which, among other matters,
(a) Purchaser will merge with and into Merger Sub, with Purchaser continuing as the surviving entity (the “Merger”),
and (b) Pubco will acquire all of the issued and outstanding ordinary shares of the Company from Seller in exchange for ordinary
shares of Pubco (the “Share Exchange” and, together with the Merger and the other transactions contemplated
by the Business Combination Agreement, the “Transactions”), all upon the terms and subject to the conditions
set forth in the Business Combination Agreement and in accordance with the applicable provisions of the Cayman Act.

 

WHEREAS, pursuant to
the Business Combination Agreement, upon the closing of the Transactions (the “Closing”), Pubco shall
issue in the name of the Escrow Agent (for the benefit of Seller) Twenty Million (20,000,000) of the Pubco ordinary shares otherwise
issuable to Seller at the Closing (together with any equity securities paid as dividends or distributions with respect to such
shares or into which such shares are exchanged or converted, the “Escrow Shares”) to be held and controlled,
along with any other Escrow Property (as defined below), by the Escrow Agent in a separate segregated escrow account (the “Escrow
Account”) and released therefrom in accordance with this Agreement; and

 

WHEREAS, the Escrow
Agent is willing to administer the escrow under the terms and conditions of this Agreement.

 

NOW, THEREFORE, in
consideration of the foregoing premises and of the mutual covenants and agreements contained herein, the parties hereto hereby
agree as follows:

 

Section 1. Appointment.
Pubco and Seller hereby appoint the Escrow Agent as their escrow agent for the purposes set forth herein, effective upon and subject
to the Closing, and the Escrow Agent hereby agrees to perform the duties as escrow agent under this Agreement. The escrow services
to be rendered by the Escrow Agent under this Agreement will not begin until the Closing has occurred and the Escrow Agent has
received the documentation necessary to establish the Escrow Account on its books and has received the Escrow Shares in accordance
with this Agreement.

 

Section 2. Issuance
of Escrow Shares. Pursuant to Section 2.2(a) of the Business Combination Agreement, at the Closing, Pubco shall deposit with
the Escrow Agent share certificate(s) representing the Escrow Shares, with each such certificate being issued in the name of the
Escrow Agent for the benefit of Seller; provided that Pubco may alternatively have the Escrow Agent and Pubco’s transfer
agent account for and record any of the Escrow Shares in book entry form. Pubco shall instruct the registrar of Pubco not to register
a transfer of the Escrow Shares without the written consent of the Escrow Agent for as long as the Escrow Agreement remains in
force.

 

     

     

    

 

Section 3. Maintenance
of the Escrow Shares and other Escrow Property.

 

(a) So
long as any Escrow Shares are being held in the Escrow Account subject to the terms of this Agreement and are not released in accordance
with this Agreement, any dividends, distributions or other income paid on or otherwise accruing to such Escrow Shares (the foregoing,
together with the Escrow Shares, and as reduced by any releases of such Escrow Shares or dividends, distributions or other income
from the Escrow Account by the Escrow Agent in accordance with the terms of this Agreement and the Business Combination Agreement,
the “Escrow Property”), shall be held by the Escrow Agent in the Escrow Account in accordance with the
terms of this Agreement and be subject to the same terms as the Escrow Shares hereunder. During the term of this Agreement, subject
to Section 3(b) below, the Escrow Agent shall hold the Escrow Property in the Escrow Account and shall not sell, transfer,
dispose of, lend or otherwise subject to a Lien any of the Escrow Property except until and to the extent that they are released
in accordance with Section 4. Except as Pubco (by a Disinterested Independent Director Majority (as defined below)) and
Seller may otherwise agree in joint written instructions executed and delivered to the Escrow Agent, no part of the Escrow Property
may be withdrawn except as expressly provided in this Agreement. While the Escrow Property is held in the Escrow Account or otherwise
subject to this Agreement, Seller shall have all voting, consent and other rights with respect to the Escrow Property (other than
the rights to dividends, distributions or other income paid on or otherwise accruing to such Escrow Property, which amounts will
be held in the Escrow Account until released in accordance with this Agreement and the Business Combination Agreement), and the
Escrow Agent agrees to vote such Escrow Shares (or other Escrow Property) and otherwise provide such consents or exercise such
other legal rights (other than the rights to dividends, distributions or other income paid on or otherwise accruing to such Escrow
Property) as directed in writing by Seller, subject to the terms of this Agreement.

 

(b) Notwithstanding
anything in this Agreement to the contrary, after the Closing Seller shall be permitted to (i) pledge or otherwise encumber the
Escrow Property as collateral security for documented loans entered into by Seller, Pubco or its Subsidiaries, including the Company,
after the Closing or (ii) transfer its rights to the Escrow Property to a third party, provided, that (A) in each case of clauses
(i) and (ii), that the lender’s or transferee’s rights to any such pledged or transferred Escrow Property shall be
subject to the provisions of this Agreement and Section 2.5 of the Business Combination Agreement, including the forfeiture provisions
herein and therein, and such lender or transferee must acknowledge such in writing to Pubco and the Escrow Agent prior to the granting
of any such pledge or the making of any such transfer, and (B) in event of a pledge or encumbrance under clause (i), Seller may
transfer such Escrow Property, including physical possession of documentation evidencing such Escrow Property (including a share
certificate or book entry, if any), to another escrow agent (including one affiliated with such lender), as selected by Seller
and reasonably acceptable to Pubco (by a Disinterested Independent Director Majority), to hold such Escrow Property in a segregated
escrow account on substantially the same terms and conditions as the Escrow Agent under this Agreement is required to hold such
Escrow Property (other than adjustments to the fees and expenses of such escrow agent as reasonably acceptable to Pubco (by a Disinterested
Independent Director Majority)), and upon receiving written notice of such new escrow agent from Seller and Pubco, the Escrow Agent
shall promptly transfer the Escrow Property to the new escrow agent to be held in accordance with such new escrow agreement (including
transferring any Escrow Shares to the name of such new escrow agent (for the benefit of Seller)).

 

    2

     

    

 

Section 4. Release
of the Escrow Property. The Escrow Agent shall hold the Escrow Property in the Escrow Account and shall release and deliver
the Escrow Property (or such portion thereof) to either Pubco (with any Escrow Shares delivered to Pubco in certificated or book
entry form surrendered by Seller for cancellation by Pubco, and for the avoidance of any doubt, only where the Escrow Property
is subject to forfeiture under this Agreement) or to Seller, as applicable (including further to Section 5 of this Agreement),
in accordance with (i) joint written instructions executed by Pubco and Seller, or (ii) a copy of a final non-appealable judgment
or order from a court of competent jurisdiction (including an order to enforce an arbitral award) establishing the rights of a
party in accordance with this Agreement and the Business Combination Agreement to such Escrow Property, together with written delivery
instructions from the applicable payee.

 

Section 5. Vesting
and Forfeiture of Escrow Property by Seller.

 

(a) Pubco
and Seller hereby agree that the Escrow Property will only become vested and not subject to forfeiture, and released and released
to Seller, in the event that Pubco meets the performance or milestone requirements set forth below in this Section 5(a)
(each, a “Milestone”) during the period commencing from the Closing until the end of the twentieth (20th)
fiscal quarter after the commencement date of the first full fiscal quarter beginning after the Closing (such period, the “Escrow
Period”).

 

(i) One-half
(1⁄2) of the Escrow Property shall become vested and no longer subject to forfeiture, and be released to Seller (the “First
Escrow Release”), in the event that either: (A) the Annualized EBITDA for any full fiscal quarter during the Escrow
Period (beginning with the first full fiscal quarter beginning after the Closing) (an “Escrow Quarter”)
equals or exceeds One Hundred and Seventy Five Million U.S. Dollars ($175,000,000) or (B) at any time during the Escrow Period,
the Closing Price of the Pubco Ordinary Shares equals or exceeds $12.50 per Pubco Ordinary Share (as equitably adjusted for share
splits, share dividends, combinations, recapitalizations and the like after the Closing) for any ten (10) Trading Days within any
twenty (20) Trading Day period during the Escrow Period. For the avoidance of doubt, if both Milestones in clauses (A) and (B)
above are achieved during the Escrow Period, such Milestones are not cumulative and only an aggregate of one-half (1⁄2) of
the Escrow Property shall become vested and be subject to an Escrow Release.

 

(ii) All
Escrow Property remaining in the Escrow Account shall become vested and no longer subject to forfeiture, and be released to Seller
(the “Second Escrow Release” and together with the First Escrow Release, the “Escrow Releases”),
in the event that either: (A) the Annualized EBITDA for any Escrow Quarter equals or exceeds Two Hundred and Fifty Million U.S.
Dollars ($250,000,000) or (B) at any time during the Escrow Period, the Closing Price of the Pubco Ordinary Shares equals or exceeds
$14.00 per Pubco Ordinary Share (as equitably adjusted for share splits, share dividends, combinations, recapitalizations and the
like after the Closing) for any ten (10) Trading Days within any twenty (20) Trading Day period during the Escrow Period. For the
avoidance of any doubt, if the situation arises that both the First Escrow Release Milestone(s) and the Second Escrow Release Milestone(s)
under this Section 5(a)(i) and Section 5(a)(ii) respectively, are met (even at the same time), then all Escrow Property
shall become vested and no longer subject to forfeiture, and are to be released to the Seller under the terms of this Agreement.

 

(b) At the end of
the Escrow Period, if there is any Escrow Property which has not vested and Seller is not entitled to receive in accordance
this Section 5 and the Business Combination Agreement, such Escrow Property will be forfeited and automatically
surrendered by Seller and distributed to Pubco from the Escrow Account, and promptly (but in any event within ten
(10) Business Days) after a final determination under Section 5(c) below that at the end of the Escrow Period there is
such Escrow Property which has not vested and to which Seller is not entitled to receive, Pubco and Seller will provide
joint written instructions to the Escrow Agent to release and surrender any remaining Escrow Property to Pubco.

 

    3

     

    

 

(c) As
soon as practicable (but in any event within forty-five (45) days) after the end of each Escrow Quarter, Pubco’s Chief Financial
Officer (the “CFO”) will prepare and deliver to Pubco’s board of directors and Seller a written
statement (each, an “EBITDA Performance Statement”) that sets forth (i) the unaudited consolidated income
statement, balance sheet and statement of cash flows for Pubco and its Subsidiaries for such fiscal quarter prepared in accordance
with IFRS on a consistent basis with Pubco’s most recent publicly filed financial statements (the “Quarterly
Financials”), and (ii) the CFO’s determination in accordance with the terms of this Section 5 and the
Business Combination Agreement with respect to such Escrow Quarter of (A) the Annualized EBITDA based on such Quarterly Financials,
and (B) whether there is an Escrow Release for such Escrow Quarter as a result of achieving a Milestone under clause (A) of Section
5(a)(i) or Section 5(a)(ii) for such Annualized EBITDA (each, an “EBITDA Milestone”). Within twenty (20)
days after receipt of the EBITDA Performance Statement, Pubco shall determine, by a Disinterested Independent Director Majority,
the Annualized EBITDA for such Escrow Quarter based on the Quarterly Financials and other relevant information relating to the
calculation of Annualized EBITDA in accordance with the terms of this Agreement, whether an EBITDA Milestone was met for such Escrow
Quarter and whether there is an Escrow Release to Seller for such Escrow Quarter as a result thereof, and such determination by
a Disinterested Independent Director Majority shall be final and binding upon all parties (other than for fraud). If for any Escrow
Quarter there is a final determination by a Disinterested Independent Director Majority in accordance with this Section 5
and the Business Combination Agreement that an EBITDA Milestone has been achieved for such Escrow Quarter and Seller is entitled
to an Escrow Release for such Escrow Quarter as a result thereof, then promptly (but in any event within ten (10) Business Days)
thereafter Pubco and Seller will provide joint written instructions to the Escrow Agent to release the applicable portion of the
Escrow Property (based on the EBITDA Milestone achieved) in the Escrow Account to Seller. Notwithstanding the foregoing, as a condition
precedent to Pubco providing joint written instructions for any Escrow Release based on achieving an EBITDA Milestone hereunder,
Pubco must first file with the SEC on Form 6-K (or other relevant SEC form) the Quarterly Financials set forth in the EBITDA Performance
Statement and the related amount of the Annualized EBITDA as determined by the Disinterested Independent Director Majority.

 

(d) The
CFO will monitor the Closing Price for the Pubco Ordinary Shares on each Trading Day during the Earnout Period, and as soon as
practicable (and in any event within five (5) Business Days after the end of each calendar month during the Escrow Period), the
CFO will prepare and deliver to Pubco’s board of directors and Seller a written statement (each, a “Share Price
Performance Statement”) that sets forth (i) the Closing Price for the Pubco Ordinary Shares on each Trading Day for
such calendar month then ended and the preceding calendar month (the “Share Price Period”) and (ii) whether
there is an Escrow Release during such Share Price Period as a result of achieving a Milestone under clause (B) of Section 5(a)(i)
or Section 5(a)(ii) for the Closing Price during such Share Price Period (each, a “Share Price Milestone”).
Within ten (10) days after receipt of the Share Price Performance Statement, Pubco shall determine, by a Disinterested Independent
Director Majority, the Closing Price during the Share Price Period based on the Share Price Performance Statement and other relevant
information relating to the calculation of Closing Price and the applicable Closing Price targets in accordance with the terms
of this Agreement, whether a Share Price Milestone was met for the Share Price Period and whether there is an Escrow Release to
Seller for such Share Price Period as a result thereof, and such determination by a Disinterested Independent Director Majority
shall be final and binding upon all parties (other than for fraud). If for any Share Price Period there is a final determination
by a Disinterested Independent Director Majority in accordance with this Section 5 and the Business Combination Agreement
that a Share Price Milestone has been achieved for such Share Price Period and Seller is entitled to an Escrow Release for such
Share Price Period as a result thereof, then promptly (but in any event within ten (10) Business Days) thereafter Pubco and Seller
will provide joint written instructions to the Escrow Agent to release the applicable portion of the Escrow Property (based on
the Share Price Milestone achieved) in the Escrow Account to Seller.

 

    4

     

    

 

(e) Notwithstanding
anything to the contrary contained herein or in the Business Combination Agreement (and in lieu of the provisions of Section 2.5(f)
of the Business Combination Agreement), no fractional Escrow Share shall be transferred from the Escrow Account, and in the event
that the First Escrow Release would otherwise result in a fraction of an Escrow Share being released to Seller by virtue of this
Section 5, the number of Escrow Shares to be released to Seller shall instead be rounded up to the nearest whole Escrow
Share. For the avoidance of doubt, nothing herein will affect the provisions of Section 2.5(d) of the Business Combination Agreement.

 

(f) For
the purposes of this Agreement, the following terms shall have the meanings set forth below:

 

(i) “Annualized
EBITDA” for any applicable fiscal quarter means four times the earnings before interest, income Taxes, depreciation
and amortization of Pubco and its Subsidiaries, on a consolidated basis, for such fiscal quarter, as determined in accordance with
IFRS, consistently applied, but subject to the adjustments set forth on Exhibit A.

 

(ii) “Closing
Price” means, for any security as of any Trading Day, the last reported sales price for such security on the principal
securities exchange or securities market on which such security is then traded.

 

 

(iii) “Disinterested
Independent Director” means an independent director serving on Pubco’s board of directors at the applicable
time of determination that is disinterested in the Escrow Property (i.e., such independent director is not Seller, an Affiliate
of Seller, or an officer, director, manager, employee, trustee or beneficiary of Seller, nor an immediate family member of any
of the foregoing).

 

(iv) “Disinterested
Independent Director Majority” means the vote or consent of a majority of the Disinterested Independent Directors.

 

(v) “Trading
Day” means any day on which Pubco Ordinary Shares are actually traded on the principal securities exchange or securities
market on which the Pubco Ordinary Shares are then traded.

 

Section 6. Tax
Matters. Pubco and Seller agree and acknowledge that, for all U.S. and foreign tax purposes, except as required by applicable
Law, Pubco shall be treated as the owner of the Escrow Property while held in the Escrow Account until released in accordance with
this Agreement and the Business Combination Agreement, and all interest, earnings or income, if any, earned with respect to the
Escrow Property while held by the Escrow Agent shall be treated as earned by Pubco until released in accordance with this Agreement
and the Business Combination Agreement. The Escrow Agent shall have the right to deduct and withhold taxes from any payments to
be made hereunder if such withholding is required by law and to request and receive any necessary tax forms, including Form W-9
or the appropriate series of Form W-8, as applicable, or any similar information, from the applicable recipient of Escrow Property.

 

    5

     

    

 

Section 7. Duties.
The Escrow Agent’s duties are entirely ministerial and not discretionary, and the Escrow Agent will be under no duty or obligation
to do or to omit the doing of any action with respect to any Escrow Property, except to give notice, provide monthly reports, make
releases, keep an accurate record of all transactions with respect to the Escrow Property, hold the Escrow Property in accordance
with the terms of this Agreement and to comply with any other duties expressly set forth in this Agreement. The Escrow Agent shall
not have any interest in any Escrow Property, but shall serve as escrow holder only and have only possession thereof. Subject to
the following sentence, nothing contained herein shall be construed to create any obligation or liability whatsoever on the part
of the Escrow Agent to anyone other than the parties to this Agreement. There are no third party beneficiaries to this Agreement,
other than the express rights of the Company and Purchaser under this Agreement for periods until after the Closing, who the parties
acknowledge are express third party beneficiaries of this Agreement until after the Closing.

 

Section 8. Monthly
Reports Upon Request. From and after the Closing, the Escrow Agent shall provide monthly account statements to Pubco and Seller
with respect to the Escrow Account. Pubco and Seller have one hundred twenty (120) days to object in writing to such reports. If
no written notice detailing a party’s objections has been received by the Escrow Agent within this period, an acceptance
of such reports shall be deemed to have occurred.

 

Section 9. Authorized
Parties; Reliance. The parties hereby acknowledge that notwithstanding anything to the contrary contained in this Agreement,
any actions or determinations on behalf of Pubco under this Agreement after the Closing (including any amendments, modifications
or waivers of the provisions of, or consents or approvals provided under or in connection with, this Agreement, and any determinations
by Pubco under Section 5) shall exclusively be made and determined by a Disinterested Independent Director Majority (subject
to the actions to be taken by the CFO pursuant to the express provisions of Section 5(c) and Section 5(d)). Pubco
agrees to provide on Exhibit B (as it may be amended from time to time by a Disinterested Independent Director Majority)
to this Agreement the names and specimen signatures of those persons who are authorized on behalf of Pubco after the Closing to
issue notices and instructions to the Escrow Agent and execute required documents under this Agreement. Seller agrees to provide
on Exhibit B (as it may be amended from time to time by Seller) to this Agreement the names and specimen signatures of those
persons who are authorized on behalf of Seller to issue notices and instructions to the Escrow Agent and execute required documents
under this Agreement. The Escrow Agent may rely and shall be protected in acting or refraining from acting upon any written notice,
instruction or request furnished to it hereunder and believed by it to be genuine and to have been signed or presented by the proper
party or parties. The Escrow Agent is entitled to rely on, and shall be fully protected in relying on, the instructions and notices
from any one of the authorized signers of Pubco or Seller, as identified on the attached Exhibit B (as it may be amended
from time to time) to this Agreement after the Closing, either acting alone, until such time as their authority is revoked in writing,
or until successors have been appointed and identified by notice in the manner described in Section 15 below.

 

Section 10. Good
Faith. The Escrow Agent shall not be liable for any action taken by it in good faith and reasonably believed by it to be authorized
or within the rights or powers conferred upon it by this Agreement and may consult with counsel of its own choice and shall have
full and complete authorization and protection for any action taken or suffered by it hereunder in good faith and in accordance
with the opinion of such counsel.

 

    6

     

    

 

Section 11. Right
to Resign. The Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving such notice in
writing of such resignation to each of the other parties specifying a date when such resignation shall take effect, which shall
be a date not less than sixty (60) days after the date of the notice of such resignation, and shall be conditioned upon the appointment
of a replacement Escrow Agent in accordance with this Section 11. Similarly, the Escrow Agent may be removed and replaced
following the giving of ten (10) days’ notice to the Escrow Agent by all of the other parties hereto; provided that such
removal shall not take effect prior to the appointment of a replacement Escrow Agent in accordance with this Section 11.
In either event, Pubco and Seller shall agree upon a successor Escrow Agent (however for the avoidance of any doubt, this ‎
Section 11 does not apply to Seller’s unilateral right to transfer the Escrow Property to another escrow agent or lender
under the terms of Section 3(b) of this Agreement). If Seller and Pubco are unable to agree upon a successor Escrow Agent
or shall have failed to appoint a successor Escrow Agent prior to the expiration of sixty (60) days following the date of resignation
or ten (10) days following the date of removal, the then-acting Escrow Agent may petition any court of competent jurisdiction for
the appointment of a successor escrow agent or otherwise appropriate relief, and any such resulting appointment shall be binding
upon all of the parties hereto. Any successor Escrow Agent shall execute and deliver to the predecessor Escrow Agent, Pubco and
Seller an instrument accepting such appointment and the transfer of the Escrow Property and agreeing to the terms of this Agreement.

 

Section 12. Compensation.
The Escrow Agent shall be entitled to receive the fees as set forth on Exhibit C for the services to be rendered hereunder,
and to be paid or reimbursed for all reasonable documented out-of-pocket expenses, disbursements and advances, including reasonable
documented out-of-pocket attorneys’ fees, incurred or paid in connection with carrying out its duties hereunder, such amounts
to be paid by Pubco.

 

Section 13. Indemnification.
Pubco hereby agrees to indemnify the Escrow Agent for, and to hold it harmless against any loss, liability or expense incurred
without gross negligence or willful misconduct on the part of the Escrow Agent, arising out of or in connection with its entering
into this Agreement and carrying out its duties hereunder.

 

Section 14. Disputes.
If a controversy arises between the parties hereto as to whether or not or to whom the Escrow Agent shall transfer all or any portion
of any Escrow Property, or as to any other matter arising out of or relating to this Agreement or any Escrow Property, the Escrow
Agent shall not be required to determine the same, shall not make any transfer of and shall retain the Escrow Property in dispute
without liability to anyone until the rights of the parties to the dispute shall have finally been determined by mutual written
agreement of Pubco and Seller, or by a final non-appealable judgment or order of a court of competent jurisdiction (including an
order to enforce an arbitral award), but the Escrow Agent shall be under no duty whatsoever to institute or defend any such proceedings.
The Escrow Agent shall be entitled to assume that no such controversy has arisen unless it has received notice of such controversy
or conflicting written notices from the parties to this Agreement. Any disputes arising out of, related to, or in connection with,
this Agreement between Pubco and Seller, including a dispute arising from a party’s failure or refusal to sign a joint written
notice hereunder, shall be determined by arbitration conducted in accordance with the provisions of Section 11.5 of the Business
Combination Agreement (other than applications for a temporary restraining order, preliminary injunction, permanent injunction
or other equitable relief, including specific performance, or application for enforcement of a resolution pursuant to this Section
14 or Section 11.5 of the Business Combination Agreement).

 

Section 15. Notices.
Except to the extent expressly set forth herein, all notices and communications hereunder shall be in writing and shall be deemed
to be given if (a) delivered personally, (b) sent by facsimile or email (with affirmative confirmation of receipt), (c) sent by
recognized overnight courier that issues a receipt or other confirmation of delivery or (d) sent by registered or certified mail,
return receipt requested, postage prepaid to the parties as follows:

 

    7

     

    

 

	
        If to Pubco prior to the Closing, to:

         

        Brooge Holdings Limited

        4th Floor, Al Sayegh Building, Hamdan Street

        Abu Dhabi, UAE

        Attn: Meclomen Maramot

        Facsimile No.: 02-633-3152

        Telephone No.: 02-633-3149

        Email: meclomen@bpgic.com

         

        and

         

        Brooge Petroleum And Gas Investment Company FZE

        4th Floor, Al Sayegh Building, Hamdan Street

        Abu Dhabi, UAE

        Attn: Nicolaas Paardenkooper

        Facsimile No.: 02-633-3152

        Telephone No.: 02-633-3149

        Email: nico.paardenkooper@bpgic.com

         

        and

         

        Twelve Seas Investment Company

        135 E 57th St. 18th Floor

        New York, New York, 10022

        Attn: Stephen N. Cannon

        Telephone No.: +852 9500 2922

        Email: steve@twelveseascapital.com
	
        with a copy (which will not constitute notice) to:

         

        K&L Gates LLP

        599 Lexington Avenue

        New York, NY 10022

        Attn: Robert S. Matlin, Esq.

        Facsimile No.: (212) 536-3901

        Telephone No.: (212) 536-3900

        Email: Robert.Matlin@klgates.com

         

        and

         

        Ellenoff Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105, USA

        Attn:   Stuart Neuhauser, Esq.

                   Matthew A. Gray, Esq.

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email: sneuhauser@egsllp.com

                    mgray@egsllp.com

	
        If to Pubco after the Closing, to:

         

        c/o Brooge Petroleum And Gas Investment Company FZE

        4th Floor, Al Sayegh Building, Hamdan Street

        Abu Dhabi, UAE

        Attn: Nicolaas Paardenkooper

        Facsimile No.: 02-633-3152

        Telephone No.: 02-633-3149

        Email: nico.paardenkooper@bpgic.com
	
        with a copy (which will not constitute notice) to:

         

        K&L Gates LLP

        599 Lexington Avenue

        New York, NY 10022

        Attn: Robert S. Matlin, Esq.

        Facsimile No.: (212) 536-3901

        Telephone No.: (212) 536-3900

        Email: Robert.Matlin@klgates.com

	
        If to Seller, to:

         

        c/o Brooge Petroleum And Gas Investment Company FZE

        4th Floor, Al Sayegh Building, Hamdan Street

        Abu Dhabi, UAE

        Attn: Nicolaas Paardenkooper

        Facsimile No.: 02-633-3152

        Telephone No.: 02-633-3149

        Email: nico.paardenkooper@bpgic.com
	
        with a copy (which will not constitute notice) to:

         

        K&L Gates LLP

        599 Lexington Avenue

        New York, NY 10022

        Attn: Robert S. Matlin, Esq.

        Facsimile No.: (212) 536-3901

        Telephone No.: (212) 536-3900

        Email: Robert.Matlin@klgates.com

	
        If to the Escrow Agent, to:

         

        Continental Stock Transfer & Trust Company

        1 State Street, 30th Floor

        New York, NY 10004

        Attention: Escrow Administration, Patrick Small & Francis E. Wolf, Jr.

        Telephone No: (212) 845-5284

        Email: psmall@continentalstock.com & fwolf@continentalstock.com

 

or at such other address as any of the
above may have furnished to the other parties in a notice duly given as provided herein. Any such notice or communication given
in the manner specified in this Section 15 shall be deemed to have been given (i) on the date personally delivered or transmitted
by facsimile or email (with affirmative confirmation of receipt), (ii) one (1) Business Day after the date sent by recognized overnight
courier that issues a receipt or other confirmation of delivery or (iii) three (3) Business Days after being sent by registered
or certified mail, return receipt requested, postage prepaid.

 

    8

     

    

 

Section 16. Term.
This Agreement shall terminate upon the final, proper and complete distribution of all Escrow Property in accordance with the terms
hereof; provided, that Pubco’s obligations under Section 13 hereof shall survive any termination of this Agreement.
Notwithstanding the foregoing or anything to the contrary contained herein, in the event that the Business Combination Agreement
is validly terminated in accordance with its terms prior to the Closing, this Agreement shall automatically terminate and become
null and void, and the parties shall have no obligations hereunder.

 

Section 17. Entire
Agreement. The terms and provisions of this Agreement (including the Exhibits hereto, all of which are hereby incorporated
by reference herein) constitute the entire agreement between the Escrow Agent and the other parties hereto with respect to the
subject matter hereof. Notwithstanding the foregoing, as between Pubco and Seller, the terms of the Business Combination Agreement
shall control and govern over the terms of this Agreement in the event of any conflict or inconsistency between this Agreement
and the Business Combination Agreement (unless there is an express intention otherwise in this Agreement). The actions of the Escrow
Agent shall be governed solely by this Agreement.

 

Section 18. Amendment;
Waiver. Without limiting the first sentence of Section 9, this Agreement may be amended or modified only by a written
instrument duly signed by the parties hereto; provided that any amendment, supplement or modification of this Agreement at or prior
to the Closing shall also require the prior written consent of Purchaser and the Company. Without limiting the first sentence of
Section 9, any provision hereof may be waived only by a written instrument duly signed by the party against whom enforcement
of such waiver is sought; provided that any waiver of any provision of this Agreement by Pubco at or prior to the Closing shall
also require the prior written consent of Purchaser and the Company.

 

Section 19. Severability.
In the event that any provision of this Agreement or the application thereof, becomes or is declared by a court of competent jurisdiction
to be illegal, void or unenforceable, the remainder of this Agreement will continue in full force and effect and the application
of such provision to other Persons or circumstances will be interpreted so as reasonably to effect the intent of the parties hereto.
The parties further agree to replace such void or unenforceable provision of this Agreement with a valid and enforceable provision
that will achieve, to the extent possible, the economic, business and other purposes of such void or unenforceable provision.

 

    9

     

    

 

Section 20. Further
Assurances. From time to time on and after the date hereof, Pubco and Seller shall deliver or cause to be delivered to the
Escrow Agent such further documents and instruments and shall do and cause to be done such further acts as the Escrow Agent shall
reasonably request (it being understood that the Escrow Agent shall have no obligation to make any such request) to carry out more
effectively the provisions and purposes of this Agreement, to evidence compliance herewith or to assure itself that it is protected
in acting hereunder.

 

Section 21. Accounting.
In the event of the resignation or removal of the Escrow Agent, upon the termination of this Agreement or upon demand at any time
of either Pubco or Seller under reasonable circumstances, the Escrow Agent shall render to Pubco, Seller and the successor escrow
agent (if any) an accounting (free of charge) in writing of the property constituting the Escrow Property.

 

Section 22. Interpretation.
The parties acknowledge and agree that: (a) this Agreement is the result of negotiations between the parties and will not be deemed
or construed as having been drafted by any one party, (b) each party and its counsel have reviewed and negotiated the terms and
provisions of this Agreement (including any Exhibits attached hereto) and have contributed to its revision and (c) the rule of
construction to the effect that any ambiguities are resolved against the drafting party will not be employed in the interpretation
of this Agreement. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement. In this Agreement, unless the context otherwise requires: (i) words of the masculine,
feminine or neuter gender will include the masculine, neuter or feminine gender, and words in the singular number or in the plural
number will each include, as applicable, the singular number or the plural number; (ii) reference to any Person includes such Person’s
successors and assigns but, if applicable, only if such successors and assigns are permitted by this Agreement, and reference to
a Person in a particular capacity excludes such Person in any other capacity; (iii) reference to any law means such law as amended,
modified codified or reenacted, in whole or in part, and in effect from time to time, including rules and regulations promulgated
thereunder; (iv) any agreement or instrument defined or referred to herein or in any agreement or instrument that is referred to
herein means such agreement or instrument as from time to time amended, modified or supplemented, including by waiver or consent
and references to all attachments thereto and instruments incorporated therein; (v) the words “herein, “hereof”
and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Article,
Section or other subdivision; (vi) the words “include,” “includes” and “including” when used
herein shall be deemed in each case to be followed by the words “without limitation”; (vii) any reference herein to
“dollars” or “$” shall mean United States dollars; and (viii) reference to any Section or Exhibit means
such Section hereof or Exhibit hereto.

 

Section 23. Successors
and Assigns. Without limiting the first sentence of Section 9, this Agreement and the rights and obligations hereunder
may not be assigned without the prior written consent of each of the parties hereto, and any purported assignment without such
consent shall be null and void ab initio; provided, that any assignment occurring at or prior to the Closing shall also require
the prior written consent of Purchaser and the Company. This Agreement will be binding upon, inure to the benefit of and be enforceable
by the parties and their respective successors and permitted assigns.

 

    10

     

    

 

Section 24. Failure
or Indulgence Not Waiver; Remedies Cumulative. No failure or delay on the part of any party hereto in the exercise of any right
hereunder will impair such right or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty,
covenant or agreement herein, nor will any single or partial exercise of any such right preclude any other (or further) exercise
thereof or of any other right. All rights and remedies existing under this Agreement are cumulative to, and not exclusive to or
exclusive of, any rights or remedies otherwise available to a party hereunder.

 

Section 25. Governing
Law. This Agreement shall be governed by, construed and enforced in accordance with the Laws of the State of New York without
regard to the conflict of laws principles thereof.

 

Section 26. Waiver
of Jury Trial. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

Section 27. Counterparts.
This Agreement may be executed simultaneously in two or more counterparts (including by facsimile or other electronic transmission),
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

Section 28. U.S.
Patriot Act. Pubco and Seller agree to provide the Escrow Agent with the information reasonably requested by the Escrow Agent
to verify and record Pubco’s and Seller’s respective identities pursuant to the Escrow Agent’s procedures for
compliance with the U.S. Patriot Act and any other applicable laws.

 

Section 29. Representations
of the Parties. Each of Pubco, Seller and the Escrow Agent hereby represents and warrants that as of the date hereof: (a) it
has the power and authority to execute and deliver this Agreement and to perform its obligations hereunder, and all such actions
have been duly and validly authorized by all necessary proceedings; and (b) this Agreement has been duly authorized, executed and
delivered by it, and constitutes a legal, valid and binding agreement of it.

 

{REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK; SIGNATURE PAGE FOLLOWS}

 

    11

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed and delivered as of the day and year first written above.

 

	 	Pubco:
	 	 
	 	BROOGE HOLDINGS LIMITED
	 	 	 
	 	By:	/s/ Meclomen Maramot
	 	Name: 	Meclomen Maramot
	 	Title:  	Director
	 	 	 
	 	The Escrow Agent:
	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as escrow agent
	 	 	 
	 	By:	/s/ Ana Gois
	 	Name: 	Ana Gois
	 	Title:	Vice President 
	 	 	 
	 	Seller:
	 	 
	 	BROOGE PETROLEUM AND GAS INVESTMENT COMPANY (BPGIC) PLC, as seller
	 	 	 
	 	By:	/s/ Nicolaas Paardenkooper 
	 	Name: 	Nicolaas Paardenkooper
	 	Title:	Director

 

[Signature Page to Escrow Agreement]

 

     

     

    

 

EXHIBIT A

ANNUALIZED EBITDA ADJUSTMENTS

 

The earnings before interest, income Taxes,
depreciation and amortization of Pubco and its Subsidiaries, on a consolidated basis, shall be adjusted as follows to determine
the Annualized EBITDA used in connection with the determinations of whether the Milestones have been achieved and whether there
will be an Escrow Release under the Escrow Agreement:

 

		1.	To deduct the following:

 

		(a)	Any income in respect of any extraordinary gains (such
as from the sale of real property, investments, securities or fixed assets) or any other extraordinary income;

 

		(b)	Any revenues attributable to a discontinued business;
and

 

		(c)	Any revenues that are non-recurring and earned outside
of the ordinary course of business.

 

		2.	To add back the following:

 

		(a)	Any expenses attributable to a discontinued business.

 

		3.	If after the Closing and prior to the end of the Escrow Period, Pubco or its Subsidiaries acquires
another entity or business where such acquisition is both (i) dilutive to Pubco’s public shareholders and (ii) not approved
by a Disinterested Independent Director Majority, then the Annualized EBITDA shall be computed without taking into consideration
(a) the financial results of such acquired entity or business or (b) any impact such acquired entity or business would have on
the consolidated financial results of Pubco.

 

Any accounting term that is used herein
but not defined in the Escrow Agreement or the Business Combination Agreement shall have the meaning normally ascribed to such
term under IFRS.

 

    A-1

     

    

 

EXHIBIT B

AUTHORIZED PUBCO SIGNERS

 

Pubco:

 

Individuals authorized by the Disinterested Independent Director
Majority:

 

	Name	 	Telephone
    Number	 	Specimen
    Signature
		 	 	 	 
		 	 	 	 
		 	 	 	 

 

AUTHORIZED SELLER SIGNERS

 

Seller:

 

Individuals authorized by Seller:

 

	Name	 	Telephone
    Number	 	Specimen
    Signature
		 		 	 
		 		 	 
		 		 	 

 

    B-1

     

    

 

EXHIBIT C

FEE INFORMATION

 

	Acceptance fee	 	$	1,500	 
	 	 	 	 	 
	Administration fee, escrow account	 	$	2,500	 

 

The acceptance fee and administration fee covers all account
set-up services, the review, negotiation and execution of this Agreement, KYC, OFAC and USA Patriot Act due diligence, claim instructions
and release instructions, on-going account, compliance review, records retention and escheat services. The acceptance fee and administration
fee is due and payable upon the effective date of appointment. See assumptions for duration.

 

	Claims processing, per claim	 	$	0	 

 

Process claims related to the shares or
other property held in the escrow account.

 

	Out-of-pocket expenses	 	At cost

 

Out-of-pocket expenses when applicable
will be billed at cost at the sole discretion of Continental Stock Transfer & Trust Company.

 

	Extraordinary services	 	Market rate

 

Fees for services not specifically covered
in this schedule will be billed in accordance with our prevailing rates for such services.

 

These costs may include, but are not limited
to, review of IRS Form W-8IMY for foreign holders, shareholder presentment status updates, shareholder record adjustments, electronic
copies of shareholder presentments and non-standard shareholder records.

 

Assumptions

 

This proposal is based upon the following
assumptions with respect to the role of escrow agent. Should any of the assumptions, duties or responsibilities change, we reserve
the right to affirm, modify or rescind this proposal.

 

		●	All
escrow releases are expected to be completed within six (6) years of signing. Beyond this duration, reasonable monthly fees of
an amount to be determined at the time by the Escrow Agent and reasonably acceptable to Pubco and Seller will be in effect.

 

Terms and conditions

 

		●	The
parties shall direct the recordkeeper of the physical securities held in escrow that no transfer, replacement or hypothecation
of such securities shall take place without the express written authorization of Continental Stock Transfer & Trust Company
while such securities are held in escrow in accordance with the terms of this Agreement.

 

		●	Invoices outstanding for over 30 days
are subject to a 1.5% per month late payment penalty. 

 

		●	Acceptance of the appointment described
in this proposal is subject to compliance with the requirements of the USA Patriot Act of 2001 described below, Continental Stock
Transfer & Trust Company satisfactory review of all governing documents, and the execution of the governing documents by all
parties.

 

		●	This fee proposal may not be modified
except in writing and will be deemed accepted upon your execution of this Agreement.

 

Important information about opening
a new account 

 

To help the government fight the funding
of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information
that identifies each person (individual, corporation, partnership, trust, estate or other entity recognized as a legal person)
for whom we open an account.

 

What this means for you: Before we open
an account, we will ask for your name, address, date of birth (for individuals), TIN/EIN or other information that will allow us
to identify you or your company. For individuals, this could mean identifying documents such as a driver’s license. For a
corporation, partnership, trust, estate or other entity recognized as a legal person, this could mean identifying documents such
as a Certificate of Formation from the issuing state agency.

 

 

C-1

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