Document:

EX-10.2

 Exhibit 10.2 

STATE OF GEORGIA 
 COUNTY OF HALL 

FIRST LEASE AMENDMENT 

THIS FIRST LEASE AMENDMENT (the “Amendment”) is made and entered into as of the 20th day of January, 2016, by and between CENTENNIAL PROPERTIES OF GEORGIA, LLC, a Georgia limited liability company (“Landlord”), and PEACHSTATE HEALTH MANAGEMENT, LLC, a Georgia
limited liability company (“Tenant”). 
 WHEREAS the parties entered into a Lease Agreement (See Exhibit “A”
attached hereto; the “Lease”) on March 1, 2014, with respect to that certain parcel of real property located at 2225 Centennial Drive, Gainesville, Hall County, Georgia 30504; and, 

WHEREAS the parties wish to amend selected portions of said Lease to better reflect the terms of same as such have evolved since its
Commencement Date; and, 
 NOW, THEREFORE, in consideration of the payment of Ten Dollars ($10.00) and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, it is hereby agreed as follows: 
 1. Representations and
warranties. In connection with the Lease, the parties represent and warrant to one another that: 
 (a) Tenant is the present lessee, and
Landlord is the present lessor, under the Lease and each has the full right and power and lawful right to enter into this Amendment; 
 (b)
Landlord has not heretofore transferred, sold, conveyed, assigned, bargained, set over or otherwise disposed of its interest in and to the Lease to any other party; 

(c) There are no uncured defaults on the part of Tenant as Lessee under the Lease, nor any acts which, but for the passage of time or the
giving of notice, or both, would constitute such a default; and, 
 (d) The Lease is in full force and effect, and there have been no
amendment,, modification or other agreement relating to the Lease except as otherwise provided for above or in Section Two (2) below. 

2. Amendments. The Lease is hereby agreed by all parties hereto to be amended as follows: 

(a) Section 1.13 is amended to reflect a Term of twelve (12) years; 

(b) Section 1.14 is amended to include the monthly rent of $46,500 from February 1, 2016 through March 31, 2017;
the monthly rent of $48,000 from April 1, 2017 through March 31, 2018; the monthly sum of $49,500 from April 1, 2018 through March 31, 2019, and the monthly rent of $51,000 from April 1, 2019 through March 31, 2020; the
monthly rent of $52,500 from April 1, 2020 through March 31, 2021; the monthly rent of $54,000 from April 1, 2021 through March 31, 2022; the monthly sum of $55,500 from April 1, 2022 through March 31, 2023, the monthly
rent of $57,000 from April 1, 2023 through March 31, 2024; the monthly rent of $58,500 from April 1, 2024 through March 31, 2025; and, the monthly rent of $60,000 from April 1, 2025 through March 31, 2026. 

  

			
	First Lease Amendment for 2225 Centennial Drive, Gainesville, Georgia 30504	  	PAGE 1

 (c) Section 3.01 is amended as follows: Tenant covenants and agrees to pay
Landlord the Minimum Rent specified in Section 1.14 in advance on the first (1st) day of each month of the Term; 

(d) Section 10.03 is amended in its entirety and replaced with the following: All trade fixtures, personal property,
equipment and merchandise belonging to Tenant which are, or may be, put or placed into the Premises during the Term, whether exempt or not from sale under execution and attachment under the laws of the state where the Premises are located, shall at
all times be subject to a first lien and security interest in favor of Landlord for the purpose of securing all rent, additional rent, other sums or other duties and obligations which may become due and owing to Landlord from Tenant under this
Lease. Accordingly, Landlord may file a UCC-1 financing statement with the appropriate authorities to reflect such security interest and, upon default or breach of any covenant(s) of this Lease of whatever nature, Landlord is to immediately become
the titled owner of any and all such personal property of Tenant located upon the Premises, and may likewise afford itself of any and all other remedies available to it under the Uniform Commercial Code; 

(e) The first sentence of Section 10.04 is excised in its entirety; and, 

(f) Section 15.01(a) is amended in its entirety and replaced with the following: (a) If Tenant at any time during the Term
shall (i) fail to make any payment of rent, additional rent or other sum herein required to be paid by Tenant (for example, those monies contemplated in Section 13.01 above), or (ii) fails to immediately cure any hazardous condition
which Tenant has created or suffered in violation of law or this Lease, or (iii) fails to observe or perform any of the covenants in respect to assignment, subletting and encumbrance set forth in Article 15; or (iv) fails to observe or
perform any other provision hereof, then Tenant shall be in default of the Lease and will not be afforded any opportunity to cure same. 

It is understood and acknowledged by all parties that, except as may otherwise be stated herein, the parties’ Lease remains as written,
and where conflicts exist between the original Lease and this Amendment, the terms herein shall control. 
 3. Parties and Terms. This
document shall be binding on and run to the benefit of the heirs, successors, legal representatives and assigns of the parties. 
 4. Future
Amendments. This Agreement can only be modified in writing signed by all parties or their duly authorized agents. All of the parties hereby acknowledge that by executing this Agreement they have the authority and capacity to represent and bind the
respective parties hereto. 
 5. Authorized Signatory. All parties executing this Assignment are authorized to execute same on behalf of
Landlord and Tenant. 
 6. Counterparts. This Amendment may be executed in several counterparts, each of which shall be fully effective as an
original and all of which together shall constitute one and the same instrument. Signature pages may be detached from the counterparts and attached to a single copy of this document to physically form one document. 

7. Entire Agreement. The parties execute this Agreement freely and voluntarily and each acknowledges that in executing such they have not
relied upon any promises, inducements, or representations, whether express or implied, made by any party or their representatives. This writing is intended by the parties as a complete and exclusive statement of the terms of this Agreement, and
shall supersede all prior negotiations and all communications or understandings of any nature whatsoever between the parties. Consequently, no evidence in any form whatsoever shall be relevant or admissible to supplement, explain, vary, or alter the
terms of this Agreement. 

  

			
	First Lease Amendment for 2225 Centennial Drive, Gainesville, Georgia 30504	  	PAGE 2

 8. Construction. Except as otherwise expressly provided in this Agreement or related agreements,
in all respects, including all matters of construction, validity and performance, this Agreement and the obligations set forth hereunder shall be governed by, and construed and enforced in accordance with, the laws of the state of Georgia. 

IN WITNESS WHEREOF, Landlord and Tenant have duly executed this First Lease Amendment under seal as of the day and year first above
written, each acknowledging receipt of an executed counterpart hereof. 
  

							
	 LANDLORD:
	  	 CENTENNIAL PROPERTIES OF GEORGIA, LLC

a Georgia limited liability company

			
		  	 /s/ Pyarali Roy
	 	(SEAL)
		  	By:	  	Pyarali Roy	 	
		  	Its:	  	Member	 	
		
	 TENANT:
	  	 PEACHSTATE HEALTH MANAGEMENT, LLC

a Georgia limited liability company

			
		  	 /s/ Hanif A. Roshan
	 	(SEAL)
		  	By:	  	Hanif A. Roshan	 	
		  	Its:	  	Member	 	

  

			
	First Lease Amendment for 2225 Centennial Drive, Gainesville, Georgia 30504	  	PAGE 3

 EXHIBIT “A” 

LEASE 
 Between 

CENTENNIAL PROPERTIES OF GEORGIA, LLC. 

a Georgia limited company 

(Landlord) 
 and 

PEACHSTATE HEALTH MANAGEMENT, LLC. 

d/b/a AEON CLINICAL LABORATORIES 

a Georgia limited company 

(Tenant) 
 Dated: 

MARCH 1, 2014 
  

 
 2225 Centennial
Drive 
 Gainesville, Georgia 30504 

 STATE OF GEORGIA 

COUNTY OF HALL 
 THIS LEASE is
made and entered into by and between Landlord and Tenant (as said terms are hereafter defined in Article 1) as of the date stated on the title page. 

ARTICLE 1 
 When used in this Agreement
the following terms shall have the respective meanings set forth opposite each such term. Other definitions are given elsewhere in this Agreement. 
  

					
	1.01	  	Lease or Agreement:	  	This Agreement, including the following exhibits, riders and addenda which are incorporated herein and made a part of hereof by this reference.
			
	1.02	  	Landlord:	  	CENTENNIAL PROPERTIES OF GEORGIA, LLC
			
	1.03	  	Landlord’s Address:	  	 2225 Centennial Drive
 Gainesville, Georgia
30504

			
	1.04	  	Rental Payment Place:	  	 2225 Centennial Drive
 Gainesville, Georgia
30504

			
	1.05	  	Managing Agent:	  	N/A
			
	1.06	  	Managing Agent’s Address:	  	N/A
			
	1.07	  	Tenant:	  	 PEACHSTATE HEALTH MANAGEMENT, LLC
 d/b/a AEON
CLINICAL LABORATORIES

			
	1.08	  	Tenant’s Trade Name	  	AEON
			
	1.09	  	Tenant’s Address:	  	 2225 Centennial Drive
 Gainesville, Georgia
30504

			
	1.10	  	Premises:	  	That building and adjoining parking lots located at, and commonly known as, 2225 Centennial Drive, Gainesville, Georgia, 30504, as better described in that certain aerial photograph attached hereto as Exhibit
“A”.
			
	1.11	  	Leasable Space:	  	When used with respect to the Premises means Landlord’s best estimate of the number of square feet for use by the Tenant is 28,000 square feet. Tenant acknowledges such is not a warranty by Landlord and that Tenant has examined
the Premises and accepts such is their “AS IS” condition and configuration.
			
	1.12	  	Commencement Date:	  	March 1, 2014.
			
	1.13	  	Term:	  	A period of ten (10) years.
			
	1.14	  	Minimum Rent:	  	The fixed rent payable by Tenant during the Term in monthly installments as follows: The monthly sum of $23,750 beginning on April 1, 2014, rough March 31, 2015; the monthly sum of $24,250 from April 1, 2015, through March 31, 2016;
the monthly sum of 24,750 from April 1, 2016, through March 31, 2017; the monthly sum of $25,250 from April 1, 2017, through March 31, 2018; the monthly sum of $25,750 from April 1, 2018, through March 31, 2019; the monthly sum of $26,250 from April
1, 2019, through March 31, 2020; the monthly sum of $26,750 from April 1, 2020, through March 31, 2021; the

  
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		  		  	monthly sum of $27,250 from April 1, 2021, through March 31, 2021; the monthly sum of $27,750 from April 1, 2022, through March 31, 2022; the monthly sum of $28,250 from April 1, 2022, through March 31,
2023; and, finally, the monthly sum of $28,750 from April 1, 2023, through March 31, 2024. Such rent shall become due and payable to Landlord by the 6th day of each and every month
hereunder.
			
	1.15	  	Security Deposit:	  	N/A
			
	1.16	  	Permitted Uses:	  	A clinical reference laboratory and no other.
			
	1.17	  	Guarantor(s):	  	N/A
			
	1.18	  	Broker’s Name and Address:	  	N/A

 ARTICLE 2 - Grant and Term 

2.01 Grant. In consideration of the rents agreed to be paid, and the agreements made by the respective parties hereto, Landlord demises and leases to
Tenant and Tenant hereby leases from Landlord the Premises upon the terms and conditions herein provided. 
 2.02 Term. Subject to the terms,
covenants and agreements contained herein, Tenant shall have and hold the Premises for the entire Term as defined above. 
 ARTICLE 3 -
RENT 
 3.01 Minimum Rent. Tenant covenants and agrees to pay Landlord the Minimum Rent specified in Section 1.14 in advance on the sixth (6th) day of each month of the Term. 
 3.02 Utility Charge. Tenant shall be solely responsible for
and pay when due all charges for heat, water, gas, electricity or any other utility services used or consumed in the Premises. In the event such charges shall not be paid when due, Landlord shall have the right to pay same, which amount so paid is
hereby declared to be additional rent due on demand with interest as provided in Section 3.05. 
 3.03 Taxes. Tenant shall pay as additional rent
all real estate and ad valorem related taxes for the Premises. Tenant shall further pay and discharge when due any federal, state, county or municipal tax levied or assessed against the leasehold estate created hereby, and any taxes levied or
assessed against any trade fixtures, furnishings, equipment, leasehold improvements, alterations or additions made by Tenant, merchandise and personal property of any kind owned, installed or used by Tenant in or upon the Premises during the Term.
Upon Landlord receiving the actual real property tax bill from the county in which the Premises are located, then such bill will be presented to Tenant at which time Tenant shall remit the balance due to Landlord within thirty (30) days. 

3.04 Insurance. Tenant shall, during the Term, keep in full force and effect public liability, property damage, fire, extended coverage, casualty, rent
loss and flood (if required) insurance covering the Premises and shall name Landlord as an additional loss payee. 
 3.05 Additional Rent. Tenant
covenants to pay and discharge when the same shall become due, as additional rent, all amounts, liabilities and obligations which Tenant has assumed or agreed to pay or discharge pursuant to this Lease including those enumerated in this Article 3
and elsewhere in this Lease, together with every fine, penalty, interest and cost which may be added for non-payment thereof. 
 3.06 Method of Payment,
Past Due Rents. The term “rent” as used in this Lease shall mean and include all Minimum Rent and additional amounts payable hereunder. All rent shall be paid to Landlord at the Rental Payment Place or at such other place or to such
other person as Landlord may from time to time direct in writing, or as otherwise provided herein, in lawful money of the United States of America. In the event the Tenant fails to make any such payment within ten (10) days after the same
becomes due, then in addition to all rights, powers and remedies provided herein, by law or otherwise in the case of non-payment of rent, Landlord shall be entitled to 

  
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 recover from Tenant two percent (2%) of the amount due as liquidated damages if payment is made therefore
during said ten (10) day period, and the sum of five percent (5%) of the amount due as liquidated damages should payment be tendered after said ten (10) day period. Tenant will also pay to Landlord on demand, interest at the rate of
twelve percent (12%) per annum, commencing after said ten (10) day period, on all overdue installments of rent and on overdue amounts of additional rent relating to obligations which Landlord shall have paid on behalf of Tenant, in each
case from the due date thereof until paid in full. 
 3.07 Net Lease. This is a net lease and the rent, additional rent and all other sums payable
hereunder by Tenant shall be paid without notice, demand, set-off, counterclaim, deduction, or defense and, except as otherwise expressly provided herein without abatement or suspension. Except as otherwise expressly provided in this Lease, this
Lease shall not terminate, nor shall Tenant have any right to terminate this Lease nor shall Tenant be entitled to any abatement or reduction of rent hereunder, nor shall the obligations of Tenant under this Lease be affected, by reason of
(i) any damage to or the destruction of all or any part of the Premises from whatever cause, (ii) the taking of the Premises or any portion thereof by condemnation, requisition or otherwise for any reason, (iii) the prohibition,
limitation or restriction of Tenant’s use of all or any part of the Premises, or any interference with such use, by law or ordinance or other governmental regulation by injunction, (iv) any default on the part of Landlord under this Lease,
or under any other agreement to which Landlord and Tenant may be parties, (v) the bankruptcy, insolvency, reorganization, composition, readjustment, liquidation, dissolution, winding up or other proceeding affecting Landlord or any assignee of
Landlord, or (vi) any other cause whether similar or dissimilar to the foregoing. 
 ARTICLE 4 - Construction of Improvements

 4.01 Condition of Premises. Tenant acknowledges that it has inspected the Premises and hereby accepts the Premises “AS IS” with no
representation or warranty by Landlord as to the condition of the Premises or their suitability for Tenant’s proposed improvements thereto or use thereof, and with no promise by Landlord or its agents to improve or repair the Premises. 

4.02 Tenant’s Work. All improvements to the Premises necessary for the Tenant’s use and occupancy thereof shall be completed by Tenant, at
Tenant’s expense, and shall hereinafter be referred to as “Tenant Improvements”. Any work contemplated by Tenant must comply with the directions outlined in Section 10.04 below. Tenant agrees that all work will be completed, and
Tenant shall open for business, within six (6) months of this Lease’s execution. 
 4.03 Excuse of Performance. Anything in this Lease to
the contrary notwithstanding, neither Tenant nor Landlord shall be deemed in default with respect to the performance of any and all terms, covenants and conditions of this Lease if such failure of performance shall be due to any strike, lock-out,
boycott, labor dispute, civil commotion, war-like operation, invasion, rebellion, hostilities, military or usurped power, sabotage, governmental regulation or control, inability to obtain any material or service, Act of God, adverse weather
conditions, energy shortage or any other cause whether similar or dissimilar beyond reasonable control of the Tenant or Landlord, as the case may be; provided, however, such cause is not due to the willful act of the Tenant or Landlord, as the case
may be; and further provided that the party claiming any such excuse for its performance hereunder has given the other party notice of the cause and anticipated duration of such failure of performance. 

ARTICLE 5 - Use of Premises 
 5.01
Use. (a) The Premises shall be occupied and used only for the Permitted Uses and for no other purpose whatever unless Landlord in its sole right and discretion and/or with the approval and consent of any other interested party who has a
right consents to a change in such uses. Tenant acknowledges and agrees that the Permitted Uses of the Premises set forth herein are a critical element of the bargain of the parties hereto and that actual and substantial detriment will result to
Landlord in the event that a change or deviation in such uses shall occur or be permitted without the express written consents herein required. Said use will comply with all applicable laws, codes and government restrictions. 

(b) Tenant agrees to keep the Premises open and diligently operate the business conducted therein under the trade name specified in
Section 1.08. Tenant agrees to conduct Tenant’s business at all times in a proper business manner consistent with the then re-imaged condition of said business. Tenant agrees that storage and office space in the Premises shall only exist
to the extent required for Permitted Uses conducted on the Premises. No auction, fire, liquidation or bankruptcy sales may be conducted in the Premises without the prior written consent of Landlord having been first obtained. 

  
 4 

 ARTICLE 6 - Quiet Enjoyment and Landlord’s Right of Entry 

6.01 Quiet Enjoyment. If and so long as Tenant shall pay rent specified herein and observe and perform all covenants, agreements and obligations
required by it to be observed and performed hereunder, Tenant shall peaceably and quietly hold and enjoy the Premises for the Term without hindrance or interruption by Landlord or any other person or persons lawfully or equitably claiming by,
through or under Landlord, subject, nevertheless, to the terms and conditions of this Lease and the mortgages and other matters to which this Lease is subordinate. 

6.02 Right of Entry. Tenant agrees that Landlord, Managing Agent, their agents, employees or servants or any person authorized by Landlord may enter the
Premises for the purpose of inspecting the condition of the same and to make such repairs, additions, improvements, changes or alterations to the Premises or the building of which they are a part as Landlord may elect to make, and to exhibit the
same to prospective purchasers, mortgagees and tenants of other areas of the building and to prospective tenants and to place in and upon the Premises during the last six months of the Term at such places as may be determined by Landlord “For
Rent” signs or notices, and Tenant undertakes and agrees that neither Tenant nor any person with Tenant’s control will interfere with such signs or notices. 

ARTICLE 7 - Nuisance, Waste, Rules and Regulations 

7.01 Nuisance. Tenant shall not perform any acts or carry on any practices which may injure the building of which the Premises are a part, violate any
certificate of occupancy affecting same, constitute a public or private nuisance or a menace to other tenants, produce undue noise, create obnoxious fumes or odors or otherwise cause unreasonable interference with other tenants. 

7.02 Waste, Etc. Tenant agrees not to: (a) permit any unlawful or immoral practice to be carried on or committed on the Premise; (b) make any
use of or allow the Premises to be used for any purpose that might invalidate or increase the rate of insurance thereof; (c) keep or use or permit to be kept or used on the Premises any inflammable fluids or explosives without the written
permission of the Landlord first hand and obtained; (d) use the Premises for any purpose whatsoever which might create a nuisance or injure the reputation of the Premises; (e) deface or injure the Premises; (f) sell or consume or
allow the sale or consumption of alcoholic beverages on the Premises, unless the same is included in the Permitted Uses and appropriate licenses and insurances coverage has been secured; or (g) commit or suffer any waste in or about the
Premises. 
 7.03 Rules and Regulations. Tenant covenants and agrees with Landlord that: 

(a) All loading and unloading of goods shall be done only through the rear entrances designated for such purposes by Landlord. 

(b) All garbage and refuse shall be placed outside of the Premises prepared for collection in the maimer and at the times and places specified
by Landlord. Tenant shall pay the cost of removal of all of Tenant’s refuse or rubbish. 
 (c) No aerial or any other device or
structure including, but not limited to T.V. disc, etc., shall be erected on the roof or affixed to exterior walls of the Premises without such roof and wall(s) then being properly sealed so as to secure the interior of the building from the weather
and inclement elements. 
 (d) Tenant shall keep the Premises at a sufficient temperature to prevent freezing of water in pipes and fixtures.

 (e) The Premises shall be kept clean and free from dirt and rubbish by Tenant to the satisfaction of Landlord. 

(f) The plumbing facilities shall not be used for any other purpose than that for which they are constructed, and no foreign substance of any
kind shall be thrown therein. 
 (g) Tenant shall keep the signs, exterior lights and display window lights on the Premises lighted each and
every day of the Term during the hours Tenant remains open for business. 
 In the event any violation of any of the above rules and regulations continues
after five (5) days following notice to the Tenant of such violation, beginning on such fifth day Tenant shall, in addition to any and all other remedies of Landlord provided in this Lease for default by Tenant, pay liquidated damages of Fifty
Dollars ($50.00) per day for each violation for each day such violation continues. Landlord reserves the right to adopt additional rules and regulations in respect to the conduct of Tenant’s activities in the Premises, which upon adoption shall
be deemed incorporated herein, provided that Tenant is given notice hereof. 

  
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 ARTICLE 8 - Compliance with Law, Liens, Indemnity 

8.01 Compliance with Law and Contracts. Tenant shall, at its expense, comply with and shall cause the Premises and Tenant’s employees to comply
with all governmental statutes, laws, rules, orders, regulations and ordinances at any time during the Term. Tenant shall, at its expense, comply with the requirements of all policies of insurance which at any time may be in force with respect of
the Premises, and with provisions of all contracts, agreements and restrictions affecting the Premises or any part thereof or the occupancy or use thereof. 

8.02 Title and Covenant Against Liens. The Landlord’s title is and always shall be paramount to the title of the Tenant and nothing in this Lease
contained shall empower the Tenant to do any act which can, shall or may encumber the title of the Landlord. Tenant covenants and agrees not to suffer or permit any lien of mechanics or materialman to be placed upon or against the Premises or
against the Tenant’s leasehold interest in the Premises and in, case of any such lien attaching, to immediately pay and remove same or contest same, in which event Tenant will post a bond adequate to protect the interest of Landlord during the
pendency of such proceedings. Tenant has no authority or power to cause or permit any lien or encumbrance of any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach to or be placed upon the Premises, and any
and all liens and encumbrances created by Tenant shall attach only to Tenant’s interest in the Premises. If any such liens so attach and Tenant fails to pay and remove same within thirty (30) days, Landlord, at its election, may pay and
satisfy the same and in such event the sums so paid by Landlord, with interest from the date of payment at the rate set forth in Section 3.06 hereof for amounts owed Landlord by Tenant, shall be deemed to be additional rent due and payable by
Tenant at once without notice or demand. 
 8.03 Indemnification. Tenant agrees to pay, and to protect, indemnify and save harmless Landlord and all
beneficiaries, agents and employees of Landlord from and against any and all liabilities, losses, damages, costs, expenses (including all attorney’s fees and expenses of Landlord), causes of action, suits, claims, demands or judgments of any
nature whatsoever (except those arising from the gross negligent acts of Landlord, its agents or employees) arising from (a) any injury to, or the death of, any person or any damage to property on the Premises or upon adjoining sidewalks,
streets or ways, (b) violation of any agreement or condition of this Lease, and (c) violation by Tenant of any contract or agreement to which Tenant is a party or any restriction, statute, law, ordinance or regulation, in each case
affecting the Premises or any part thereof or the occupancy or use thereof. 
 ARTICLE 9 - Maintenance and Repair of Premises 

9.01 Maintenance by Tenant. Tenant shall at all times maintain the entire Premises (including maintenance of exterior entrances and all glass and show
window moldings) and all foundations, floors, roofs, ceiling, exterior and interior walls, partitions, doors, fixtures, equipment and appurtenances thereof (including lighting, plumbing fixtures, heating, air conditioning, ventilating, electrical
and fire detection and protection systems installed by Landlord or Tenant exclusively serving the Premises and including leaks around ducts, pipes, vents or other parts of the heating, air conditioning, ventilating and plumbing systems which
protrude through the roof of the Premises) in good order, appearance, condition and repair, including all necessary replacements of any said facilities. It is expressly acknowledged by Tenant, therefore, that Landlord has no duty to repair anything
associated with the Premises, such duty being exclusively that of Tenant. 
 9.02 Maintenance by Landlord. Landlord has no duty to maintain or repair
the Premises, such duty being exclusively that of Tenant. If Landlord is required to make repairs to the Premises by reasons of Tenant’s acts, omissions or negligence or if Tenant refuses or neglects to repair as required hereunder to the
reasonable satisfaction of Landlord, Landlord may make such repairs without liability to Tenant for any loss or damage that may accrue to Tenant’s merchandise, fixtures or other property or to Tenant’s business by reason thereof. Upon
completion thereof, Tenant shall reimburse Landlord’s costs for making such repairs plus twenty percent (20%) of such costs for overhead and supervision, upon presentation of a bill thereof, as additional rent. 

ARTICLE 10 - Fixtures, Signs and Alterations 

10.01 Fixtures. All readily moveable furnishings, store fixtures and equipment owned and used by Tenant in the Premises shall at all times during the
Term be and remain the property of the Tenant without regard to the means by which they are installed in or attached to the Premises. Upon expiration or termination of this Lease, Tenant shall remove all such furnishings, fixtures and equipment and
restore the Premises as provided in Section 17.01, provided that Tenant shall not remove any equipment, conduits and fixtures providing water, plumbing electrical, heating, 

  
 6 

 ventilation, air conditioning, lighting and sewer service to the Premises, all of which, together with any other
furnishings, fixtures and equipment not removed by Tenant as provided above, shall become the property of Landlord upon expiration of the Term or termination of Tenant’s right to possession of the Premises pursuant to Article 15 and shall be
conclusively presumed to have been conveyed by Tenant to Landlord under this Lease as a bill of sale without any payment or credit by Landlord to Tenant. 

10.02 Signs. Tenant shall have the right to place signs and advertisements on the exterior and interior of the Premises provided that size, style and
appearance of all exterior signs and all interior signs visible from the exterior of the Premises shall be subject to the approval of Landlord or Managing Agent and shall be in compliance with applicable law. 

10.03 Landlord’s Lien. All trade fixtures, personal property, equipment and merchandise belonging to Tenant which are, or may be, put into the
Premises during the Term, whether exempt or not from sale under execution and attachment under the laws of the state where the Premises are located, shall at all times be subject to a first lien and security interest in favor of Landlord, for the
purpose of securing all rent, additional rent or other sums which may become due to Landlord from Tenant under this Lease. Upon default or breach of any covenants of this Lease, Landlord shall have all remedies available under the Uniform Commercial
Code enacted in the state where the Premises are located including, but not limited to, the right to take possession of the above mentioned property and dispose of it by sale in a commercially reasonable manner. 

10.04 Alterations. Tenant shall not make any alterations, additions, improvements or changes in the Premises relating to the drive-thru window located
thereon, other than the installation of “bullet proof” glass. Tenant specifically understands and acknowledges that the sealing or removal of said drive-thru window will result in its loss by either Tenant, future tenant(s), and Landlord.
Tenant shall likewise not make any alterations, additions, improvements or changes in the Premises having a cost of $5,000.00 or more without in each instance first obtaining the prior written consent of Landlord, which consent shall not be
unreasonably withheld; provided, however, that Tenant may make first-class manner such interior additions, improvements and changes in the Premises so long as such alterations, additions, improvements and changes are non-structural and
do not interfere with or otherwise affect any plumbing, fire protection and protection or utility systems except those installed by Tenant or exclusively serving the Premises. All such permitted alterations, additions, improvements and changes in
the Premises shall be at Tenant’s sole and exclusive expense and comply with all insurance requirements and with applicable governmental laws, statutes, ordinances, rules and regulations. All such alterations, additions, improvements or changes
shall become upon completion the property of the Landlord, unless otherwise agreed to in writing by Landlord. 
 10.05 Loss and Damage to Tenant’s
Property. Landlord shall not be liable for any damage to property of Tenant or of others located on the Premises, nor the loss of or damage to any property of Tenant or of others by theft or otherwise. All property of Tenant kept or stored on
the Premises shall be so kept or stored at the risk of Tenant only, and Tenant shall hold Landlord harmless from any claims arising out of damage to same, including subrogation claims by Tenant’s insurance carrier, unless such damage shall be
caused by the willful act or gross negligence of the Landlord. 
 10.06 Tenant’s Improvements. It is contemplated that Tenant will make
significant improvements to the subject Premises prior to its opening for business. It is agreed by Tenant that it will provide Landlord, on a monthly basis during the time of Tenant’s improvements to the Premises, with copies of all invoices,
and proof of payment therefore, associated with Tenant’s work. It is further agreed by Tenant that the cost of improvements shall amount to $350,000.00 or more, and Tenant agrees to expend, at a minimum, said $350,000.00 in improving the
subject premises prior to opening for business. 
 ARTICLE 11 - Condemnation 

11.01 All of Premises Taken. If the whole of the Premises shall be taken or condemned either permanently or temporarily for any public or quasi-public
use or purpose by any competent authority in appropriation proceedings or by any right of eminent domain or by agreement or conveyance in lieu thereof (each of the foregoing being hereinafter referred to as “Condemnation”), this Lease
shall terminate as of the date possession shall be taken by such authority, and Tenant shall pay rent and perform all of its other obligations under this Lease up to such date. 

  
 7 

 11.02 Less Than All of Premises Taken. If less than all but more than twenty-five percent (25%) of
the Leasable Space in the Premises is taken by Condemnation, or if (regardless of the percentage of Leasable Space in the Premises which is taken) the remainder of the Premises cannot be used for Tenant’s continued use or occupancy for
Tenant’s business, in the reasonable judgment of Landlord, then in either such event Landlord or Tenant shall each have the right to terminate this Lease upon notice the other party within sixty (60) days after possession is taken by such
Condemnation. 
 ARTICLE 12 - Insurance 

12.01 Insurance to be Provided by Tenant. Tenant shall maintain throughout the Term, at its expense, insurance of the following character:
(a) casualty insurance against loss or damage by fire and other risks from time to time included under “extended coverage” policies, in the amount of the full replacement cost of all Tenant Improvements and all subsequent alterations,
additions and improvements to the Premises and all furniture, trade fixtures, equipment, merchandise and all other items of Tenant’s property on the Premises; (b) comprehensive general public liability insurance (including contractual
liability) against claims for bodily injury, death or property damage occurring on, in or about the Premises and the adjoining streets, sidewalks and passageways, such insurance to afford protection of not less than $1,000,000 combined single limit
per occurrence; (c) workmen’s compensation insurance in amounts required by applicable law or statute covering all personnel employed by Tenant (i.e., employees and not independent contractors) in connection with any work done on or about
the Premises; (d) insurance against loss or damage to plate glass in or on the Premises; and (e) such other insurance on the Premises in such amounts and against such other insurable hazards which at the time are commonly obtained in the
case of property similar to the Premises. 
 12.02 General Insurance Requirements. Each policy of insurance referred to in Section 12.01 shall
name as the insured parties thereunder Landlord (including its agents and other parties designated by Landlord) and Tenant, as their interest may appear, and shall be written as a primary policy which does not contribute to and is not in excess of
coverage which Landlord may carry. Every policy which Tenant is obligated to carry under the terms of Section 12.01 shall contain an agreement by the insurer that it will not cancel or fail to renew or amend such policy or reduce the coverage
thereunder except after thirty (30) days prior written notice to the Landlord. Tenant shall deliver to Landlord certificates of the insures, evidencing all of the insurance which is required to be maintained by Tenant hereunder together with
evidence of the payments therefore within ten (10) days of this Lease’s execution, and Tenant shall, within thirty (30) days prior to the expiration of any such insurance, deliver other certificates of the insurers evidencing the
renewal or replacement of such insurance together with evidence of the payment of all premiums therefore. 
 12.03 Waiver of Claims. Landlord and
Landlord’s agents and employees shall not be liable for and Tenant waives all claims for damage to person or property sustained by Tenant or any party claiming through Tenant resulting from any accident of occurrence in or upon the Premises or
the building of which they shall be a part. 
 ARTICLE 13 - Damage or Destruction 

13.01 Destruction of Premises. In the event that the Premises are totally or partially damaged or destroyed by fire or other casualty or occurrence
covered by insurance, the damage shall be repaired by Landlord within one hundred eighty (180) days of the casualty and the Premises restored to the same condition as they were in immediately before such damage or destruction, by Landlord at
Landlord’s expense to the extent of insurance recovery. During said repair period, rent will not abate. 
 ARTICLE 14 - Assignment,
Subletting and Encumbrance 
 14.01 Assignment and Subletting. Tenant shall not assign this Lease or any interest therein or sublet the Premises
or any portion thereof, without the prior written consent of Landlord, which consent shall not be unreasonably withheld. The consent of Landlord to any one assignment or sublease pursuant hereto shall not be deemed to be a waiver of the provisions
of this Section with respect to any subsequent assignment or sublease. Each such permitted sublease shall expressly be made subject to the provisions of this Lease. If Tenant assigns any of its rights and interests under this Lease, the assignee
under such assignment shall expressly assume all of the obligations of Landlord or otherwise affect any of the rights of Landlord under this Lease nor shall it affect or reduce any obligations of a principal and not as obligations of a guarantor or
surety to the same extent as though no assignment or subletting had been made. In the event Tenant shall assign this Lease or sublease the Premises for rent or other consideration in excess of the rent payable hereunder, Landlord shall receive all
such excess rent or other consideration as additional rent hereunder. 

  
 8 

 14.02 Criteria for Assignment and Subletting. In evaluating and determining whether or not to consent to a
requested assignment or sublease of the Premises by Tenant, Landlord must be satisfied in its sole reasonable determination that the criteria elements set forth above must continue to be satisfied and the Landlord must receive adequate assurance of
the financial condition and stability of the proposed assignee, sublessee or subtenant (“assignee”). 
 14.03 Encumbrance. Neither this
Lease nor the Term shall be mortgaged, pledged or encumbered by Tenant, nor shall Tenant mortgage, pledge or encumber the interest of Tenant in and to any sublease of the Premises or the rental payable thereunder, without the prior written consent
of Landlord, which consent may be granted or withheld in sole discretion of Landlord, and Tenant shall not allow or permit any transfer of this Lease or any interest hereunder by operation of Law. Any such mortgage, pledge, encumbrance, sublease or
assignment made in violation of this Section shall be void. 
 ARTICLE 15 - Default 

15.01 Events of Default. Any of the following occurrences or acts shall constitute an event of default under this Lease. 

(a) If Tenant, at any time during the Term, shall (i) fail to make any payment of rent, additional rent or other sum herein required to be
paid by Tenant for a period of ten (10) days after delivery by Landlord or written notice to Tenant that any such payment has become due, or (ii) fail to pay rent, additional rent or other sums herein required to be paid by Tenant when due
on three (3) or more occasions during any twelve (12) month period, or (iii) fail to cure, immediately after notice from Landlord, any hazardous condition which Tenant has created or suffered in violation of law or this Lease, or
(iv) fail to observe or perform any of the covenants in respect to assignment, subletting and encumbrance set forth in Article 15; or (v) fail to observe or perform any other provision hereof for thirty (30) days after Landlord shall
have delivered to Tenant written notice of such failure provided that in the case of any default referred to in this clause (vi) which cannot be cured by the payment of money and cannot with diligence be cured within such thirty (30) day
period, if Tenant shall commence to cure the same within such thirty (30) day period and thereafter shall prosecute the curing of same with diligence and continuity, then the time within which such failure may be cured shall be extended for
such period not to exceed sixty (60) days as may be necessary to complete the curing of the same with diligence and continuity; or 

(b) To the full extent permissible under the Bankruptcy Reform Act of 1978 as amended, or any successor thereto, (i) if Tenant or any
Guarantor shall file a petition in bankruptcy or for reorganization or for an arrangement pursuant to any present or future federal or state bankruptcy law or under any similar federal or state law, or shall be adjudicated a bankrupt or insolvent or
shall make assignment for the benefit of its creditors or shall admit in writing the inability to pay its debts generally as they become due, or if a petition or answer proposing the adjudication of Tenant or any Guarantor as a bankrupt or its
reorganization under any present or future federal or state bankruptcy law or any similar federal or state law shall be filed in any court and such petition or answer shall not be discharged or denied within thirty (30) days after the filing
thereof, (ii) if a receiver, trustee or liquidator of Tenant or any Guarantor of all or substantially all of the assets of Tenant or any Guarantor of the Premises or any portion thereof shall be appointed in any preceding brought by or against
Tenant or any Guarantor and shall not be discharged within thirty (30) days after such appointment, or if Tenant or any Guarantor shall consent to or acquiesce in such appointment; or (iii) if the applicable provisions of the Bankruptcy
Reform Act of 1978 as amended, specifically Sections 363 and 365 thereof, are not satisfied to the fullest possible extent; or 
 (c) If the
Premises shall have been abandoned, provided that the Premises shall be deemed to have been abandoned if Tenant transfers a substantial part of Tenant’s operations, business and personnel from the Premises to another location or fails to carry
on its business at the Premises for a period of five (5) consecutive business days; or 
 (d) If Tenant fails to take possession of the
Premises when possession is tendered by Landlord, or fails to submit plans or other information regarding the Tenant Improvements for Landlord’s approval or to commence and complete construction of the Tenant Improvements to be constructed by
Tenant when as required by the provisions of this Lease and open its business therein promptly upon such completion. 
 15.02 Right to Terminate. If
an event of default shall have occurred, Landlord shall have the right at its election, then or at any time thereafter, to give Tenant written notice of Landlord’s election to terminate this Lease on a date specified in such notice. Upon giving
of such notice, this Lease and the estate hereby granted shall expire and terminate on such date as fully and completely and with the same effect as if such date were the date hereinbefore fixed for the expiration of the Term, and all rights of
Tenant hereunder shall expire and terminate, but Tenant shall remain liable as hereinafter provided. 

  
 9 

 15.03 Right of Re-Entry. If any default shall have occurred, Landlord shall have the immediate right,
whether or not this Lease shall have been terminated pursuant to Section 15.02, to re-enter and repossess the Premises or any part thereof by force, summary proceedings, ejectment or otherwise with the right to remove all persons and property
therefrom. Landlord shall be under no liability for or by any reason of any such entry, repossession or removal. No such re-entry or taking of possession of the Premises by Landlord shall be construed as an election on Landlord’s part to
terminate this Lease unless a written notice of such election be given to Tenant pursuant to Section 15.02 or unless the termination of this Lease be decreed by a court of competent jurisdiction. 

15.04 Right to Re-Let. At any time or from time to time after the repossession of the Premises or any part thereof pursuant to Section 15.03,
whether or not this Lease shall have been terminated pursuant to Section 15.02, Landlord may (but shall be under no obligation) re-let the Premises or any other part thereof for the account of Tenant, in the name of Tenant or Landlord or
otherwise, without notice to Tenant, for such term or terms (which may be greater or less than the period which would otherwise have constituted the balance of the Term) and on such conditions (which may include concession or free rent) and for such
uses as Landlord, in its absolute discretion, may determine, and Landlord may collect and receive any rents payable by reason of such re-letting. Landlord shall not be responsible or liable for any failure to collect any rent due upon such
re-letting. 
 15.05 Tenant to Remain Liable. No expiration or termination of this Lease pursuant to Section 15.02, by operation of law or
otherwise, and no repossession of the premises or any part thereof pursuant to Section 15.03 or otherwise, and no re-letting of the Premises or any part thereof pursuant to Section 15.04, shall relieve Tenant of its liabilities and
obligations hereunder, all of which shall survive such expiration, termination, repossession or re-letting. 
 15.06 Current Damages. In the event of
any expiration or termination of this Lease or repossession of the Premises or any part thereof by reason of the occurrence of default, Tenant will pay to Landlord the rent, additional rent and other sums required to be paid by the Tenant for the
period to and including the date of such expiration, termination or repossession; and thereafter until the end of what would have been the Term in the absence of such expiration, termination or repossession, and whether or not Premises or any part
thereof shall have been re-let, Tenant shall be liable to Landlord for, and shall pay to Landlord, as liquidated and agreed current damages the rent, additional rent and other sums which would be payable under this Lease by Tenant in the absence of
such expiration, termination or repossession, less the net proceeds, if any of re-letting affected for the account of Tenant pursuant to Section 15.04, after deducting from such proceeds all of Landlord’s expenses reasonably incurred in
connection with such re-letting (including, without limitation, all repossession costs, brokerage commissions, legal expenses, attorney’s fees, employee expenses, alterations costs and expenses of preparation for such re-letting). Tenant will
pay such current damages on the days on which rent would have been payable under this Lease in the absence of such expiration, termination or repossession, and Landlord shall be entitled to recover the same from Tenant on each such day. 

15.07 Rights Cumulative, Non-Waiver. No right or remedy herein conferred upon or reserved to Landlord is intended to be exclusive of any other right or
remedy, and each and every right and remedy shall be cumulative and in addition to any other right or remedy given hereunder or now or hereafter existing at law or in equity or by statute. The failure of Landlord to insist at any time upon the
strict performance of any covenant or agreement or to exercise any option, right, power or remedy contained in the Lease shall not be construed as a waiver or relinquishment thereof for the future. The receipt by Landlord of any rent, additional
rent or any other sum payable hereunder with knowledge of the breach of any covenant or agreement contained in this Lease shall not be deemed a waiver of such breach, and no waiver by Landlord of any provision of this Lease shall be deemed to have
been made unless expressed in writing and signed by Landlord. In addition to the other remedies provided in this Lease, Landlord shall be entitled, to the extent permitted by applicable law, to injunctive relief in case of the violation, or
attempted or threatened violation, of any of the covenants, agreements, conditions or provisions of this Lease, or to a decree compelling performance of this Lease, or to any other remedy allowed to Landlord at law or in equity. 

15.08 Legal Expenses. In the event either Landlord or Tenant shall be in default in the performance of any of its obligations under this Lease, and an
action shall be brought for the enforcement thereof in which it shall be finally and no further appeal determined that Landlord or Tenant was in default, the party in default shall pay to the other 

  
 10 

 
party all attorney’s fees and litigation expense incurred or paid by it in connection therewith. In the event Landlord shall, without fault on its part, be made a party to any litigation
commenced against Tenant, if Tenant, at its expense, shall fail to provide Landlord with counsel approved by Landlord, Tenant shall pay as additional rent all costs and attorney’s fees incurred or paid by Landlord in connection with such
litigation. In the event Tenant shall, without fault on its part, be made a party to any litigation commenced against Landlord, if Landlord, at its expense, shall fail to provide Tenant with counsel approved by Tenant, Landlord shall reimburse
Tenant for all costs and attorney’s fees incurred or paid by Tenant in connection with such litigation. 
 15.09 Landlord’s Right to Cure.
Landlord may, but shall not be obligated to, cure any default by Tenant after complying with the notice provisions herein set forth, and whenever Landlord so elects, all costs and expenses paid or incurred by Landlord in curing such default,
including without limitation reasonable attorney’s fees, shall be so much additional rent due on demand with interest as provided in Sections 3.06 and 3.07. 

15.10 Default by Landlord. Landlord shall not be in default unless Landlord fails to perform obligations required of Landlord within a reasonable time,
but in no event later than thirty (30) days after written notice by Tenant to Landlord and to the holder of any first mortgage or deed of trust covering the Premises whose name and address shall have therefore been furnished to Tenant in
writing, specifying wherein Landlord has failed to perform such obligation; provided however, that if the nature of Landlord’s obligation is such that more than thirty (30) day period and thereafter diligently prosecute the same to
completion. In no event shall Tenant have the right to terminate this Lease as a result of Landlord’s default and Tenant’s remedies shall be limited to damages and/or an injunction. 

ARTICLE 16 - Estoppel Certificates, Subordination, Mortgage Protection 

16.01 Estoppel Certificates. Within ten (10) days after request therefore by Landlord, Tenant agrees to execute and deliver a certificate in the
form presented by Landlord to any proposed mortgagee or purchaser of the Premises, or to Landlord, certifying (if such be the case) to matters requested by Landlord. Failure of Tenant to execute and deliver the requested certificate shall constitute
an event of default. 
 16.02 Subordination/Superiority. The rights and interest of Tenant under this Lease shall be subject and subordinate to any
mortgage, trust deed or deed or trust that is or may hereafter be placed upon the Premises and to any and all advances to be made thereunder and to the interest thereon and all renewals, amendments, modifications, replacements and extensions
thereof, if the mortgagee or trustee or secured party named in such mortgage or trust deed and shall agree by instrument in writing to recognize this Lease in the event of foreclosure, if and so long as Tenant is not in default hereunder. 

ARTICLE 17 - Surrender and Holdover 

17.01 Surrender. Upon the expiration or earlier termination of this Lease, Tenant shall peaceably leave and surrender the Premises to Landlord
broom-clean and otherwise in the condition in which Premises are required to be maintained by the terms of this Lease. Tenant shall surrender all keys for the Premises to Landlord at the place then fixed for the payment and shall inform Landlord of
all combinations on locks, safes, vaults, if any, in the Premises. Tenant shall, at its expense, remove from the Premises on or prior to such expiration or earlier termination all furnishings, fixtures and equipment situated thereon (including all
exterior and interior signs) which are not the property of Landlord as provided in Section 10.01, and Tenant shall, at its expense, on or prior to such expiration or earlier termination, repair any damage caused by such removal. Any property
not so removed shall become the property of Landlord, and Landlord may thereafter cause such property to be removed from the Premises and disposed of, but the cost of any such removal and disposition and the cost of repairing any damage caused by
such removal shall be borne by Tenant. 
 17.02 Holdover. Should be Tenant or any party claiming under Tenant hold over in possession at the
expiration of the Term, such holding over shall not be deemed to extend the Term or renew this Lease, and such holding over shall be an unlawful detainer and such parties shall be subject to immediate eviction and removal. Tenant shall pay upon
demand to Landlord during any period while Tenant shall hold the Premises after expiration of the term, as liquidated damages, a sum equal to 150% the monthly rate of Minimum Rent in effect for the last month of the Term, and Tenant shall also pay
all damages, consequential as well as direct, sustained by Landlord by reason of such holding over. 

  
 11 

 ARTICLE 18 - Security Deposit 

[Intentionally omitted] 
 ARTICLE 19 -
Advertising 
 19 Advertising. Tenant shall not change its Trade Name/Trade Style without written notification to Landlord. 

ARTICLE 20 - General Provisions 
 20.01
Successors. All of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns. 

20.02 Notices. All notices, demands, requests, consents, approvals and other instruments required or permitted to be given pursuant to the terms of this
Lease shall be in writing and shall be deemed to have been properly given if sent by overnight courier (e.g. FedEx) addressed to Tenant at Tenant’s address or Landlord at Landlord’s address, as the case may be, and such notice so mailed
shall be deemed to have been delivered on the second business day following deposits in the mails. Landlord and Tenant shall each have the right from time to time to specify as its address for purposes of this Lease any other addresses in the United
States of America upon three (3) days’ notice thereof, similarly given, to the other party. 
 20.03 No Option. The submission of this Lease
for examination does not constitute an offer to enter into a Lease, and this Lease shall become effective only upon execution and delivery hereof by Landlord and Tenant. 

20.04 No Joint Venture. The relationship of the parties is that of Landlord and Tenant only, and nothing in this Lease shall be construed as creating a
partnership, joint venture, principal-agent or any other relationship. Except as expressly otherwise provided herein, neither party shall have any right or power to create any expense or liability chargeable to the other party. 

20.05 Broker. The parties hereto represent to one another that neither has used the services of a broker with respect to this Lease. 

20.06 Headings and Captions. The headings and captions contained in this Lease are inserted for convenience of reference only, and are not to be deemed
part of or to be used in construing this Lease. 
 20.07 Partial Individuality. If any term or prevision of this Lease which obligates the Landlord or
the Tenant to pay an amount or perform an obligation before the commencement of the Term or after the expiration of the Term shall be binding and unenforceable, the remainder of this Lease, or the application of such term or provision to persons or
circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term and provision of this Lease shall be valid and enforced to the fullest extent permitted by law. 

20.08 Survival. Any provision of this Lease which obligates the Landlord or the Tenant to pay an amount or perform an obligation before the commencement
of the Term or after the expiration of the Term shall be binding and enforceable notwithstanding that payment or performance is not within the Term, and the same shall survive. 

20.09 Definition of Landlord, Exculpation. The term Landlord as used in this Lease, so far as the covenants or obligations on the part of Landlord are
concerned, shall be limited to mean and include only the owner or owners at the time in question of the Premises, and in the event of any transfer or transfers of title thereto, Landlord named herein (and in case of any subsequent transfer or
conveyance, the then grantor) shall be automatically relieved from and after the date of such transfer or conveyance of all liability as respects the performance of any covenants or obligations on the part of Landlord contained in this Lease
thereafter to be performed. It is expressly understood and agreed by and between parties hereto, anything herein to the contrary notwithstanding, that all of the representations, warranties, covenants, undertakings and agreements by Landlord for the
purpose or with the intention of binding Landlord personally, but are made and intended for the purpose only of subjecting Landlord’s interest in the Premises to the terms of this Lease and for no other purpose whatsoever, and that in the case
of default hereunder by Landlord, the Tenant shall look solely to the interest of Landlord in the Premises for satisfaction of any obligation of Landlord to Tenant. 

  
 12 

 20.10 Time of Essence. Time is of essence of this Lease, and all provisions herein relating thereto shall
be strictly construed. 
 20.11 Accord and Satisfaction. No payment by Tenant or receipt by Landlord of a lesser amount than the rent or other amounts
herein stipulated rent and amounts due, nor shall any endorsement or statement on any check or any letter accompanying any check or payment thereof be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice
to Landlord’s right to recover the balance of such amounts or pursue any other remedy provided in this Lease. 
 20.12 Entire Agreement. This
Lease and any attachments hereto and forming a part hereof, set forth all the covenants, promises, agreements, conditions or understandings, either oral or written, between Landlord and Tenant except those herein set forth. Except as otherwise
provided herein, no subsequent alteration, amendment, change or addition to this Lease shall be binding upon Landlord or Tenant unless reduced to writing and signed by them. 

20.13 Recordation. Tenant shall not record this Lease without the written consent of Landlord. 

20.14 Governing Law. This Lease shall be construed and enforced in accordance with the laws of the State of Georgia. 

20.15 Corporate Tenants. In the event the Tenant hereunder is a corporation, the persons executing this Lease on behalf of the Tenant hereby covenant
and warrant that all corporate taxes and all future forms, reports, fees and other documents necessary for Tenant to comply with applicable laws will be filed by Tenant when due. 

20.16 Governmental Regulations. Tenant shall comply with all laws, rules, orders, ordinances and regulations including, without limitation,
environmental regulations (the “Regulations”) of the Municipality, County, State or Federal Government and of any department or bureau of any of them, and of any other governmental authority having jurisdiction over the Premises,
Tenant’s occupancy of the Premises or Tenant’s business conducted thereon. 
 20.17 Authority. The officers of Tenant executing this Lease
on Tenant’s behalf hereby make the following representations, in their personal and corporate capacities, upon which Landlord is relying in consenting hereto: 

(a) that Tenant has been duly organized, is validly existing and is in good standing in the State of Georgia and is, as of the date hereof, in
good standing to transact business in the State of Georgia; and, 
 (b) that the officers executing this Lease on Tenant’s behalf have
been duly authorized by all necessary corporate action to executed the same, and that upon the execution hereof, this Lease shall be the valid and binding obligation of Tenant. 

IN WITNESS WHEREOF, the parties have executed and delivered this Lease as of the day and year first written above. 

 

			
	LANDLORD:	  	TENANT:
		
	CENTENNIAL PROPERTIES OF GEORGIA, LLC	  	PEACHSTATE HEALTH MANAGEMENT, LLC
		
	 /s/ Pyarali Roy
	  	 /s/ Sonny Roshan

	By: Pyarali Roy, its Member	  	By: Sonny Roshan, its CEO
		
	WITNESS:	  	WITNESS:
		
	 /s/ Paul S Suda
	  	 /s/ Paul S Suda

  
 13 

 Exhibit “A” 

Entire Lease Premises 
  

 

  
 14EXHIBIT 4.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CITIGROUP INC.

 

and

 

THE BANK OF NEW YORK MELLON

 

FIRST SUPPLEMENTAL INDENTURE

 

Dated as of February 1,
2016

 

Supplemental to Indenture
dated as of November 13, 2013

providing for the issuance of

Senior Debt Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

    

    

 

 

FIRST SUPPLEMENTAL INDENTURE dated as of
February 1, 2016 (this “First Supplemental Indenture”), between Citigroup Inc., a Delaware corporation (the
“Company”), and The Bank of New York Mellon, a New York banking corporation, not in its individual capacity
but solely as trustee (the “Trustee”) under the Indenture dated as of November 13, 2013 (the “Indenture”).

 

WHEREAS, pursuant to Section 15.01(a)(iii)
of the Indenture, the Company and the Trustee may enter into a supplemental indenture to change any provision of the Indenture;
provided that any such change shall become effective only when there is no Outstanding Security of any series created prior
to the execution of such supplemental indenture that is entitled to the benefit of such provision and as to which such supplemental
indenture would apply;

 

WHEREAS, this First Supplemental Indenture
shall not apply to any Security that is Outstanding on the date hereof and shall apply only to Specified Securities (as defined
below) issued after the date hereof;

 

WHEREAS, the Company desires to enter into
this First Supplemental Indenture and hereby requests that the Trustee enter into the same;

 

NOW, THEREFORE, the Company and the Trustee
agree as follows:

 

ARTICLE ONE

 

Modifications

 

Section 1.01. Section 15.01(a)(iv) of
the Indenture is hereby amended and restated, solely with respect to Specified Securities, to read as follows:

 

“(iv) to evidence the succession
or successive successions of another entity to the Company or the Guarantor to the extent permitted by this Indenture, and the
assumption by a successor, transferee or lessee entity of the covenants and obligations of the Company or the Guarantor contained
in the Securities of one or more series and in this Indenture (it being understood that any supplemental indenture that is entered
into in accordance with Section 16.14 may be entered into pursuant to this clause (iv));”

 

Section 1.02.The Indenture is hereby
amended by adding a new Section 16.14 thereto as follows:

 

“SECTION 16.14. Assumption of Obligations;
Release of Obligations; Guarantee.

 

(a) The terms of this Section 16.14 shall
apply solely with respect to any Security issued after February 1, 2016 the terms of which provide, pursuant to Section 3.01,
that the provisions set forth in this Section 16.14 are applicable to such Security (any such Security, a “Specified Security”).

 

(b) Upon at least fifteen Business Days’
written notice to the Trustee in the manner provided in Section 16.03 and to holders of Specified Securities in the manner
provided in Section 16.04, any wholly owned subsidiary (subject to satisfaction of the conditions set forth

 

    1

     

    

 

below, the “Successor
Issuer”) of the Company may, without the consent of any holder of the Specified Securities (or any other Securities),
assume all of the Company’s obligations under the Specified Securities and the Indenture (insofar as it relates to the Specified
Securities), and the Company shall be released from such obligations (in each case, except as otherwise provided below), subject
to the following conditions:

 

(i) the Successor Issuer shall
expressly assume, by supplemental indenture substantially in the form of Exhibit B hereto or such other form as shall be
established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, the due and punctual payment
of the principal of and interest on the Specified Securities, according to their tenor, and the due and punctual performance and
observance of all other obligations to the holders of the Specified Securities and to the Trustee under this Indenture or under
the Specified Securities to be performed or observed by the Company;

 

(ii) the Company (in such capacity,
the “Guarantor”) shall, by supplemental indenture substantially in the form of Exhibit B hereto or such
other form as shall be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, fully
and unconditionally guarantee all payments on the Specified Securities and all amounts, including without limitation indemnities,
owed to the Trustee under the Indenture with respect to the Specified Securities, in each case when due, and undertake each of
the other obligations set forth in Exhibit B hereto;

 

(iii) the Successor Issuer shall
be organized under the laws of the United States of America, any State thereof or the District of Columbia;

 

(iv) immediately after giving
effect to such assumption of obligations, no Default or Event of Default shall have occurred and be continuing; and

 

(v) after giving effect to such
assumption of obligations, neither the Guarantor nor the Successor Issuer will be required to register as an “investment
company” under the Investment Company Act.

 

(c) Upon execution of the supplemental indenture
described in Section 16.14(b) by all parties thereto, the Successor Issuer shall succeed to and be substituted for, and may exercise
every right and power of, the Company under the Specified Securities with the same effect as if the Successor Issuer had been named
as the Company herein, and the Company shall be relieved from all obligations and covenants with respect to the Specified Securities;
provided that (i) the Company (as Guarantor) shall have the obligations with respect to the Specified Securities described
under Section 16.14(b)(ii) above and (ii) the Company (as Guarantor) shall remain obligated to comply with Section 5.06(a)
and Section 9.03(a). For the avoidance of doubt, by assuming the obligations of the Company under Section 5.04 and
Section 5.05, the Successor Issuer shall be obligated to comply with such provisions as applied to itself (substituting
the Successor Issuer for the Company in such provisions), and not as applied to the Company.

 

(d) If a Successor Issuer assumes the obligations
of the Company under the Specified Securities as described above, then upon the execution of the supplemental indenture referred
to in Section 16.14(b), (i) references to the Company in the definition of Events of Default with

 

    2

     

    

 

respect to the Specified Securities
shall refer to the Successor Issuer, and not the Company (as defined prior to giving effect to such supplemental indenture), (ii)
the words “or the Guarantor” shall be deemed to be inserted immediately following the words “the Company”
in clauses (i) and (ii) in the definition of Events of Default with respect to the Specified Securities and (iii) no other event,
action or omission by or with respect to the Guarantor shall be an Event of Default with respect to the Specified Securities except
as specifically provided in the supplemental indenture or in or pursuant to the Board Resolution applicable to such Specified Securities
as contemplated by Section 3.01. For the avoidance of doubt, if a Successor Issuer assumes the obligations of the Company
under the Specified Securities as described above, then upon and after such assumption no Event of Default under Section 6.01(a)(i)-(vii)
shall occur with respect to any Specified Securities, and nothing herein contained shall be deemed to authorize the Trustee to
exercise any remedy against the Successor Issuer or the Guarantor with respect to any Specified Securities, in each case solely
as a result of, or because it is related directly or indirectly to, the insolvency of the Guarantor or the commencement of any
proceedings relative to the Guarantor under the Federal bankruptcy laws, as now or hereafter constituted, or the appointment of
a receiver for the Guarantor under Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 or the commencement
of any other applicable Federal or State bankruptcy, insolvency, resolution or other similar law now or hereafter in effect, or
solely as a result of, or because it is related directly or indirectly to, the appointment of or taking possession by a receiver,
liquidator, assignee, trustee, custodian or sequestrator (or similar official) of the Guarantor or substantially all of the property
of the Guarantor or solely as a result of, or because it is related directly or indirectly to, the institution of any other comparable
judicial or regulatory proceedings relative to the Guarantor, or to the creditors or property of the Guarantor.”

 

Section 1.03.The Indenture is hereby
amended by adding a new Exhibit B thereto in the form attached hereto as Annex A.

 

ARTICLE TWO

 

Miscellaneous

 

Section 2.01. The Trustee accepts the
trusts created by this First Supplemental Indenture upon the terms and conditions set forth in the Indenture. The Trustee shall
not be responsible or accountable in any manner whatsoever for or in respect of, and makes no representation with respect to, the
validity or sufficiency of this First Supplemental Indenture or the due execution hereof by the Company and shall not be responsible
in any manner whatsoever for or in respect of the correctness of the recitals and statements contained herein, all of which recitals
and statements are made solely by the Company.

 

Section 2.02. Capitalized terms used
but not defined in this First Supplemental Indenture shall have the meanings given to such terms in the Indenture.

 

Section 2.03. Except as hereby expressly
modified, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain
in full force and effect.

 

    3

     

    

 

Section 2.04. This First Supplemental
Indenture may be executed in any number of counterparts, each of which shall be deemed to be an original for all purposes; but
such counterparts shall together be deemed to constitute but one and the same instrument.

 

Section 2.05. This First Supplemental Indenture
shall not apply to any Securities other than Specified Securities.

 

    4

     

    

 

IN WITNESS WHEREOF, each of CITIGROUP INC.
and THE BANK OF NEW YORK MELLON, as Trustee, has caused this First Supplemental Indenture to be signed by one of its officers thereunto
duly authorized as of February 1, 2016.

 

	 	CITIGROUP INC.
	 	 
	 	 
	 	By: 	/s/ Le Roy Davis
	 	Name:

        Title: 

        
	Le Roy Davis
Assistant Treasurer

 

	 	

THE BANK OF NEW YORK MELLON

	 	 
	 	 
	 	By: 	/s/ Laurence J. O’Brien
	 	Name:

        Title: 

        
	Laurence J. O’Brien
Vice President

 

    

    

    

 

ANNEX A

 

SUPPLEMENTAL INDENTURE dated as of [ ] (this
“Supplemental Indenture”), among [ ], a [ ] (the “Successor Issuer”), Citigroup Inc., a Delaware
corporation (as original issuer of the Specified Securities, the “Original Issuer”, and in its capacity set
forth in Article Two hereof, the “Guarantor”), and The Bank of New York Mellon, a New York banking corporation,
not in its individual capacity but solely as trustee (the “Trustee”) under the Indenture dated as of November
13, 2013 (as supplemented prior to the date hereof, the “Indenture”).

 

WHEREAS, pursuant to Section 16.14 of the
Indenture, the Successor Issuer may assume the obligations of the Original Issuer with respect to the Specified Securities, and
the Original Issuer may be released from such obligations, subject to the condition that (among other things) the Original Issuer
undertake the obligations set forth in Article Two hereof as Guarantor with respect to the Specified Securities;

 

WHEREAS, the Successor Issuer and the Original
Issuer (including in its capacity as the Guarantor) desire to enter into this Supplemental Indenture and hereby request that the
Trustee enter into the same;

 

NOW, THEREFORE, the parties hereto agree
as follows:

 

ARTICLE ONE

 

Assumption of Obligations;
Release of Obligations

 

Section 1.01. The Successor Issuer hereby
assumes the obligations of the Company with respect to the Specified Securities in accordance with, and to the extent and with
the effect set forth in, Section 16.14 of the Indenture. Subsequent references to the Company herein shall refer to the Successor
Issuer.

 

Section 1.02. Subject to Article Two hereof,
the Original Issuer is hereby relieved from its obligations and covenants with respect to the Specified Securities in accordance
with, and to the extent and with the effect set forth in, Section 16.14 of the Indenture.

 

Section 1.03. For purposes of Section 16.03
of the Indenture, notices to the Company shall be delivered as follows: [notice details to be inserted]. Notices to the
Guarantor shall be delivered in the manner specified with respect to the Original Issuer in Section 16.03 of the Indenture prior
to giving effect to this Supplemental Indenture.

 

ARTICLE TWO

 

Guarantee

 

Section 2.01. Unconditional Guarantee.

 

(a) The Guarantor does hereby fully
and unconditionally guarantee (the “Guarantee”) to the holders of the Specified Securities all payments on the
Specified Securities when due, in

 

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accordance with the provisions of the Indenture, as provided below, and to the Trustee all amounts,
including without limitation indemnities, owed to the Trustee under the Indenture.

 

(b) The Guarantor hereby waives notice
of acceptance of the Guarantee and of Default of performance by the Company, and hereby agrees that payment under the Guarantee
shall be subject to no condition other than the giving of a written request for payment, stating the fact of Default of performance,
in the manner provided in Section 16.03 of the Indenture. This Guarantee is a guarantee of payment and not of collection.

 

(c) The obligations of the Guarantor
under the Guarantee shall in no way be impaired by: (1) any extension, amendment, modification or renewal of the Specified Securities;
(2) any waiver of any Event of Default, extension of time or failure to enforce any of the Specified Securities; or (3) any extension,
moratorium or other relief granted to the Company pursuant to any applicable law or statute.

 

(d) The Guarantor shall be obligated
to make payment under the Guarantee, for the benefit of the holders of the Specified Securities, at the same address as the Company
is obligated to make payment.

 

(e) Subject to clause (f) below,
the Guarantor hereby agrees that:

 

(i) the Specified Securities
and all amounts, including without limitation indemnities, owed to the Trustee will be paid strictly in accordance with the terms
of the Indenture, regardless of the value, genuineness, validity, regularity or enforceability of the Specified Securities, and
of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the
Trustee with respect thereto; and

 

(ii) the liability of the
Guarantor to the extent herein set forth shall be absolute and unconditional, not subject to any reduction, limitation, impairment,
termination, defense, offset, counterclaim or recoupment whatsoever (all of which are hereby expressly waived by the Guarantor)
whether by reason of any claim of any character whatsoever, including, without limitation, any claim of waiver, release, surrender,
alteration or compromise, or by reason of any liability at any time to the Guarantor or otherwise, whether based upon any obligations
or any other agreement or otherwise, and howsoever arising, whether out of action or inaction or otherwise and whether resulting
from Default, willful misconduct, negligence or otherwise, and without limiting the foregoing, irrespective of:

 

(A) any lack of validity
or enforceability of any agreement or instrument relating to the Specified Securities;

 

(B) any change in the time,
manner or place of payment of, or in any other term in respect of, all or any of the Specified Securities, or any other amendment
or waiver of or consent to any departure from any other agreement relating to any Specified Securities;

 

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(C) any increase in, addition
to, exchange or release of, or non-perfection of any lien on or security interest in, any collateral, or any release or amendment
or waiver of or consent to any departure from or failure to enforce any other guarantee, for all or any of the indebtedness;

 

(D) any other circumstance
that might otherwise constitute a defense available to, or a discharge of, the Company in respect of the Specified Securities;

 

(E) the absence of any action
on the part of the Trustee to obtain payment of the Specified Securities from the Company;

 

(F) any insolvency, bankruptcy,
reorganization or dissolution, or any similar proceeding of the Company, including, without limitation, rejection of the Specified
Securities in such bankruptcy; or

 

(G) the absence of notice
or any delay in any action to enforce any Specified Securities or to exercise any right or remedy against the Guarantor or the
Company, whether hereunder, under the Indenture, under any Specified Securities or any agreement or any indulgence, compromise
or extension granted.

 

(f) Notwithstanding anything to the
contrary in this Guarantee, the Guarantor does not waive any defense that would be available to the Company based on a breach,
default or misrepresentation by the Trustee, or failure of any condition to the Company’s obligations under the Indenture
or the illegality of any provision of the Indenture.

 

(g) The Guarantor further agrees
that, to the extent that the Company or the Guarantor makes a payment or payments to the Trustee, which payment or payments or
any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid
to the Company or the Guarantor or their respective estate, trustee, receiver or any other party under any federal bankruptcy laws,
state or federal law, common law or equitable cause, then to the extent of such payment or repayment, this Guarantee and the advances
or part thereof which have been paid, reduced or satisfied by such amount shall be reinstated and continued in full force and effect
as of the date such initial payment, reduction or satisfaction occurred.

 

Section 2.02. Waiver
of Subrogation. The Guarantor shall be subrogated to all rights of the holders of Specified Securities and the Trustee against
the Company in respect of any amounts paid to such holders by the Guarantor pursuant to the provisions of the Guarantee; provided,
however, that the Guarantor shall not be entitled to enforce, or to receive any payments arising out of or based upon such
right of subrogation until the principal of, interest on and additional interest, if any, payable in respect of all Specified
Securities of the same series issued under such Indenture shall have been paid in full.Section 2.03. Restrictions on Sales
of Voting Stock of Certain Significant Subsidiaries.

 

(a) The Guarantor will not, and
will not permit any Subsidiary to, incur, issue, assume or guarantee any Indebtedness if such Indebtedness is secured by a pledge
of, lien on, or security interest in any shares of Voting Stock of any Significant Subsidiary, whether such Voting Stock is now
owned or shall hereafter be acquired, without effectively providing that the Specified Securities (together with, if the Guarantor
shall so determine, any other indebtedness or

 

    7

    

    

 

obligations of the Guarantor or any Subsidiary ranking equally with such Specified
Securities and then existing or thereafter created) shall be secured equally and ratably with such Indebtedness. For the purposes
of the foregoing, pledging, placing a lien on or creating a security interest in any shares of Voting Stock of a Significant Subsidiary
in order to secure then outstanding Indebtedness of the Guarantor or any Subsidiary shall be deemed to be the incurrence, issuance,
assumption or guarantee (as the case may be) of such Indebtedness, but the foregoing shall not apply to Indebtedness secured by
a pledge of, lien on or security interest in any shares of Voting Stock of any corporation at the time it becomes a Significant
Subsidiary, including extensions, renewals and replacements of such Indebtedness without increase in the amount thereof.

 

(b) For the purposes of Section
2.03(a), (i) the term “Voting Stock” shall mean capital stock the holders of which have general voting power
under ordinary circumstances to elect a majority of the board of directors of a corporation, or substantially equivalent interests
in the case of an entity other than a corporation; provided that, for the purposes hereof, capital stock which carries only
the right to vote conditioned on the happening of an event shall not be considered voting stock whether or not such event shall
have happened and (ii) the term “Subsidiary”, when used with respect to the Guarantor, shall mean any corporation
or other entity of which a majority of the voting power of the voting equity securities or in the case of a partnership or any
other entity other than a corporation, the outstanding equity interests, are owned, directly or indirectly, by the Guarantor; and
for the purposes of this clause (ii), “voting equity securities” means equity securities having voting power for the
election of directors, whether at all times or only so long as no senior class of securities has such voting power by reason of
any contingency.

 

(c) For the purposes of Section
2.03(a), the term “Significant Subsidiary” shall mean a Subsidiary, including its Subsidiaries, which meets
any of the following conditions:

 

(i) The Guarantor’s
and its other Subsidiaries’ investments in and advances to the Subsidiary exceed 10% of the total assets of the Guarantor
and its Subsidiaries consolidated as of the end of the most recently completed fiscal year; or

 

(ii) The Guarantor’s
and its other Subsidiaries’ proportionate share of the total assets (after inter-company eliminations) of the Subsidiary
exceeds 10% of the total assets of the Guarantor and its Subsidiaries consolidated as of the end of the most recently completed
fiscal year; or

 

(iii) The Guarantor’s
and its other Subsidiaries’ equity in the income from continuing operations before income taxes, extraordinary items and
cumulative effect of a change in accounting principle of the Subsidiary exceeds 10% of such income of the Guarantor and its Subsidiaries
consolidated for the most recently completed fiscal year.

 

(d) For the purposes of making the
prescribed income test in Section 2.03(c)(iii), the following shall be applicable:

 

(i) When a loss has been
incurred by either the Guarantor and its Subsidiaries consolidated or the tested Subsidiary, but not both, the equity in the income
or loss of the

 

    8

    

    

 

tested Subsidiary shall be excluded from the income of the Guarantor and its Subsidiaries consolidated for purposes
of the computation; and

 

(ii) If income of the Guarantor
and its Subsidiaries consolidated for the most recent fiscal year is at least 10% lower than the average of the income for the
last five fiscal years, such average income shall be substituted for purposes of the computation. Any loss years shall be omitted
for purposes of computing average income.

 

Section 2.04. Restrictions on
Merger, Consolidation, Sale and Lease of Assets.

 

(a) The Guarantor will not consolidate
with any other entity or accept a merger of any other entity into the Guarantor or permit the Guarantor to be merged into any other
entity, or sell other than for cash or lease all or substantially all its assets to another entity, unless:

 

(i) in the case where the Guarantor
shall consolidate with or merge into another entity or sell other than for cash or lease all or substantially all of its assets
to another entity, the entity formed by such consolidation or into which the Guarantor is merged or the entity which acquires other
than for cash, or which leases, all or substantially all of the assets of the Guarantor, shall be a corporation, partnership or
trust organized and existing under the laws of the United States of America, any State thereof or the District of Columbia;

 

(ii) either the Guarantor shall
be the continuing entity, or the successor, transferee or lessee entity (if other than the Guarantor) shall expressly assume, by
supplemental indenture satisfactory to the Trustee, executed and delivered by such entity prior to or simultaneously with such
consolidation, merger, sale or lease, the full and unconditional guarantee of the due and punctual payment of the principal of
and interest on all the Specified Securities, according to their tenor and the due and punctual performance and observance of all
other obligations to the holders of the Specified Securities and the Trustee under the Indenture or under the Specified Securities
to be performed or observed by the Guarantor;

 

(iii) immediately after such merger,
consolidation, sale or lease, the Guarantor or the successor, transferee or lessee entity (if other than the Guarantor) would not
be in default in the performance of any covenant or condition of the Indenture; and

 

(iv) after giving effect to such
merger, consolidation, sale or lease, neither the Guarantor nor any successor will be required to register as an “investment
company” under the Investment Company Act.

 

(b) Upon any consolidation with or
merger into any other entity, or any sale, conveyance or lease of all or substantially all of the assets of the Guarantor in accordance
with this Section 2.04, the successor entity formed by such consolidation or into or with which the Guarantor is merged or to which
such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of,
the Guarantor under the Indenture with the same effect as if such successor entity had been named as the Guarantor herein, and
thereafter, except in the case of a lease, the predecessor Guarantor shall be relieved of all obligations and covenants under the
Guarantee.

 

    9

    

    

 

Section 2.05. Assumption by Guarantor.
The Guarantor may, without the consent of the holders, assume all of the rights and obligations of the Company under the Indenture
with respect to a series of Specified Securities, including amounts owed to the Trustee, and under the Specified Securities of
such series if, after giving effect to such assumption, no Default or Event of Default shall have occurred and shall be continuing.
Upon such an assumption, the Guarantor shall execute a supplemental indenture evidencing its assumption of all such rights and
obligations of the Company and the Company shall be released from its liabilities under the Indenture with respect to the Specified
Securities and under such Specified Securities as obligor on the Specified Securities of such series.

 

Section 2.06. Article Two Applicable
to Paying Agent. At any time that a Paying Agent other than the Trustee shall have been appointed by the Company and be then
acting under the Indenture, the term “Trustee” as used in this Article Two shall in such case (unless the context otherwise
requires) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes
as if such Paying Agent were named in this Article Two in addition to or in place of the Trustee.

 

Section 2.07. No Suspension of Remedies.
Nothing contained in this Article Two shall limit the right of the Trustee or the holders of Specified Securities to take any action
to accelerate the maturity of the Specified Securities pursuant to Article Six of the Indenture or to pursue any rights or remedies
thereunder, hereunder or under applicable law.

 

ARTICLE THREE

 

Miscellaneous

 

Section 3.01. The Trustee accepts the
trusts created by this Supplemental Indenture upon the terms and conditions set forth in the Indenture. The Trustee shall not be
responsible or accountable in any manner whatsoever for or in respect of, and makes no representation with respect to, the validity
or sufficiency of this Supplemental Indenture or the due execution hereof by the Successor Issuer or the Company and shall not
be responsible in any manner whatsoever for or in respect of the correctness of the recitals and statements contained herein, all
of which recitals and statements are made solely by the Successor Issuer and the Company.

 

Section 3.02. Capitalized terms used
but not defined in this Supplemental Indenture shall have the meanings given to such terms in the Indenture.

 

Section 3.03. Except as hereby expressly
modified, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain
in full force and effect.

 

Section 3.04. This Supplemental Indenture
may be executed in any number of counterparts, each of which shall be deemed to be an original for all purposes; but such counterparts
shall together be deemed to constitute but one and the same instrument.

 

    10

    

    

 

IN WITNESS WHEREOF, each of [NAME OF SUCCESSOR
ISSUER], CITIGROUP INC. and THE BANK OF NEW YORK MELLON, as Trustee, has caused this Supplemental Indenture to be signed by one
of its officers thereunto duly authorized as of [ ].

 

	 	[NAME OF SUCCESSOR ISSUER]
	 	
	 	
	 	By:	
	 	Name:

        Title:

        
	

 

	 	CITIGROUP INC.
	 	
	 	
	 	By:	
	 	Name:

        Title:

        
	

 

 

	 	

THE BANK OF NEW YORK MELLON

	 	
	 	
	 	By:	
	 	Name:

        Title:

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