Document:

Exhibit 10.85

 Exhibit 10.85 
 AGREEMENT OF SUBLEASE 
 THIS
AGREEMENT OF SUBLEASE (“Sublease”) is made as of the 31st day of December, 2009 by and between Comstock Asset Management, L.C. (“Sublandlord”) and Comstock Property Management, L.C., a Virginia limited liability company (“Subtenant”). 
 WITNESSETH 
 WHEREAS, pursuant to a Lease Agreement between Sublandlord and 11465 SH I, LC (f/k/a Comstock Partners, L.C.) (“Landlord”) dated October 1, 2004, as amended (“Lease”), Landlord leased to Sublandlord a portion
(“Premises”) of Landlord’s building (“Building”) at 11465 Sunset Hills Road, Reston, Virginia. 
 WHEREAS, Subtenant desires to sublet from Sublandlord a portion of the Premises, and Subtenant and Sublandlord desire to enter into this Sublease to set forth their respective rights, duties and liabilities relating to the Subleased
Premises. 
 NOW, THEREFORE, in consideration of the mutual covenants herein and for other valuable consideration, the receipt
and sufficiency of which is hereby acknowledged by the parties, Sublandlord and Subtenant mutually agree and intend to be legally bound as follows: 
  

	1.	Subleased Premises. Sublandlord leases to Subtenant those premises known as “Suite 410,” comprising 7,620 rentable square feet, and
“Suite 110,” comprising 550 rentable square feet, as the same are depicted on Exhibit A attached hereto (collectively, the “Subleased Premises”). 

  

	2.	Sublease Term. 

  

	 	A.	The “Sublease Term” shall commence on January 1, 2010, or at such later date as the Subleased Premises becomes available for use and occupancy by
Subtenant, or when Sublandlord has secured the consent of the Landlord (“Commencement Date”). 

  

	 	B.	The Sublease Term shall expire on the last day of the calendar month which completes three years after the Commencement Date (i.e., December 31, 2012)
(“Expiration Date”). 

  

	 	C.	After the Commencement Date, the parties shall promptly execute a Commencement and Expiration Date Memorandum substantially in the Landlord’s standard form, which
is attached hereto as Exhibit B, wherein the parties shall specify the Commencement Date, the Expiration Date and the date on which Subtenant is to commence paying Basic Rent. 

  

	3.	 Basic Rent. Subtenant shall pay to Sublandlord rent in equal monthly installments on the first (1st) day of each month. If the Commencement Date is not the 1st of the month, then for the initial partial month of the Sublease
Term, Subtenant shall pay to Sublandlord a prorated amount of the Monthly Basic Rent. The Basic Rent during the Sublease Term hereunder will be as follows: 

  

																						
	  	  	Suite 110 - 550 SF	  	Suite 410 – 7,620 SF	  	Premises
	 	  	Annual	  	Monthly	  	Rent PSF	  	Annual	  	Monthly	  	Rent PSF	  	Monthly Total
	 Lease Year 1
	  	$	11,000.00	  	$	916.67	  	$	20.00	  	$	188,595.00	  	$	15,716.25	  	$	24.75	  	$	16,632.92
	 Lease Year 2
	  	$	11,440.00	  	$	953.33	  	$	20.80	  	$	196,138.80	  	$	16,344.90	  	$	25.74	  	$	17,298.23
	 Lease Year 3
	  	$	11,897.60	  	$	991.47	  	$	21.63	  	$	203,984.35	  	$	16,998.70	  	$	26.77	  	$	17,990.16

  

					
	11465 – CPM Sublease	  	1 of 13	  	

	4.	 Late Payments. Should Monthly installments of the Basic Rent not be made on or before the 5th day of a calendar month, the payment shall be considered overdue and Sublandlord may begin charging
Subtenant an interest rate per annum equal to the sum of (i) the prime rate of interest established and publicly announced by The Chase Manhattan Bank, N.A., New York, plus (ii) four percent (4%), until such payment is made. In no event
shall the default rate of interest be less then twelve percent (12%) nor more then eighteen percent (18%). 

  

	5.	Subordination. This Sublease is in all respects subject and subordinated to the Lease between Landlord and Sublandlord, a copy of which is attached hereto and
incorporated as Exhibit E. 

  

	6.	Assignment. No assignment of this Sublease nor further sublease of any portion of the Subleased Premises shall be made without the prior written consent of Sublandlord
and approval of Landlord. 

  

	7.	Operating Expenses. A pro-rata portion of any operating expenses due under the Lease in excess of the Sublease Base Year (2009) shall be payable as additional rent
hereunder in the same manner as Basic Rent. 

  

	8.	Parking. Subtenant will have the right to utilize a proportionate share of Sublandlord’s parking spaces at the Building at no cost during the Sublease Term. The
number of parking spaces and the location of reserved parking spaces, if any, available for Subtenant’s use under the current parking program for the Building are set forth on Exhibit C attached hereto and incorporated herein.

  

	9.	Condition, Acceptance and Use of Subleased Premises 

  

	 	A.	Sublandlord will deliver the Subleased Premises with certain improvements having been constructed based upon plans and specifications previously approved by the
parties. Upon the Commencement Date, Subtenant shall accept the Subleased Premises in their existing condition and state of repair. Sublandlord and Subtenant acknowledge that the Subleased Premises contains certain furniture, fixtures and/or
equipment (“Existing FF&E”) which is the property of Landlord, an inventory of which is set forth on Exhibit D attached hereto and incorporated herein. Without payment of additional rent, Subtenant shall have the right to
use the Existing FF&E during the Sublease Term. At the expiration of the Sublease Term, the Existing FF&E shall be delivered to Landlord in condition substantially the same as its condition as of the effective date hereof, with the exception
of normal wear and tear. Subtenant acknowledges that no representations, statements or warranties, express or implied, have been made by or on behalf of the Sublandlord in respect to the condition of the Subleased Premises, or the use or occupation
that may be made thereof, and that Sublandlord shall in no event whatsoever be liable for any latent defects in the Subleased Premises or in the Existing FF&E. Sublandlord shall enforce the provisions of the Lease with regard to Landlord’s
obligations to provide services to the Subleased Premises and common areas. 

  

	 	B.	Acceptance of the Subleased Premises by Subtenant shall be construed as recognition that the Subleased Properties are in a good state of repair and in sanitary
condition. Sublandlord shall not be liable for any losses or damages incurred by Subtenant due to failure of operation of the heating, cooling, or other utility equipment or due to the necessity of repair of the same. 

  

					
	11465 – CPM Sublease	  	2 of 13	  	

	 	C.	The Subleased Premises shall be used or occupied by Subtenant solely for executive and general office uses as permitted in Section 6 of the Lease and shall not be
used for any other purpose. Subtenant shall not use or occupy the Subleased Premises for any unlawful purpose nor place any excessive or unreasonable demands upon the Building. 

  

	 	D.	Subtenant shall surrender the Subleased Premises at the expiration of the Sublease Term, or upon earlier termination thereof, in the same condition as when Subtenant
took possession, reasonable wear and tear excepted. 

  

	 	E.	Except as specifically provided herein, Sublandlord shall have no responsibility whatsoever with respect to the Subleased Premises, the condition thereof or
Subtenant’s property situated therein, except for loss, injury or damage caused by Sublandlord’s gross negligence or willful misconduct. Sublandlord shall not be liable for the failure by Landlord to keep and perform, according to the
terms of the Lease, Landlord’s duties, covenants, agreements, obligations, restrictions, conditions and provisions, nor for any delay or interruption in Landlord’s keeping and performing the same. Sublandlord hereby assigns to Subtenant,
for so long as this Sublease shall be in force and effect, any and all rights of Sublandlord under the Lease with respect to the Subleased Premises and causes of action which Sublandlord may have against Landlord with respect to the Subleased
Premises because of any default by Landlord under the Lease, excluding, however, any right of self-help or rent abatement. Sublandlord agrees to cooperate with and join Subtenant in any claims or suits brought by Subtenant against Landlord under the
Lease, provided that such participation shall be without cost or expense to Sublandlord. Subtenant has inspected the Subleased Premises and its contents to its satisfaction and, except as specifically set forth herein, agrees to accept the Subleased
Premises and its contents in its “as-is, where-is” condition without any obligations on Sublandlord to repair or modify the same. 

  

	 	F.	Sublandlord and Subtenant, and each of their affiliates, shall have a shared right to use the reception area(s), conference room(s) and kitchen facilities within Suite
410 and shall cooperate with each other to establish reasonable requirements for advance scheduling (the parties acknowledging that the rentable square footage of Suite 410 upon which Basic Rent and operating expenses are determined has been reduced
to reflect this right). Sublandlord reserves the right to use and to grant other persons a license to use the exterior hallway of Suite 110, the door to which shall remain unlocked at all times. 

  

	10.	Default Under Superior Leases. 

  

	 	A.	 Subtenant agrees to assume and perform, according to the terms of the Lease, all of the duties, covenants, agreements and obligations of Sublandlord
under the Lease, as and when required by the Lease, with respect to the Subleased Premises, except Sublandlord’s duty to make rent payments to Landlord. Subtenant further agrees to keep and obey, according to the terms of the Lease, all of the
rules, restrictions, conditions and provisions which pertain to the Subleased Premises, and are imposed by the terms of the Lease upon Sublandlord with respect to the Subleased Premises or upon the use of the Subleased Premises. Subtenant agrees
that it will take good care of the Subleased Premises, and will commit no waste, and will not do, suffer, or permit to be done any injury to the same. It is hereby understood and agreed that Subtenant’s rights to use, possess and enjoy the
Subleased Premises are subject to the terms, conditions, rules and regulations of the Lease and the rights and remedies of Landlord thereunder. Subtenant agrees to indemnify, defend, and protect Sublandlord against, and to hold Sublandlord

  

					
	11465 – CPM Sublease	  	3 of 13	  	

	 	 
harmless from, any liability, damages, costs or expenses of any kind or nature, including court costs and reasonable attorneys’ fees, resulting from any failure by Subtenant to perform, keep
and obey the terms of this Sublease and the requirements of the Lease with respect to the Subleased Premises. Any failure by Subtenant to perform, keep and obey the same shall be a default by Subtenant hereunder. 

  

	 	B.	Subtenant shall not act in any manner which would cause a default under the terms of the Lease. Within five (5) business days of Sublandlord’s receipt of
notice of any default under the Lease which may jeopardize Subtenant’s quiet enjoyment of the Subleased Premises, Sublandlord shall notify Subtenant of the nature of the default and of Sublandlord’s intention to cure such default. In the
event Subtenant or Sublandlord receives a notice of default from Landlord as a direct result of Subtenant’s actions, then Subtenant shall have all the rights to cure such event of default that Sublandlord enjoys under the Lease; provided,
however, that in the event Subtenant fails to timely cure any event of default, Sublandlord shall have the right to terminate this Sublease and Subtenant shall vacate the Subleased Premises within thirty (30) days (or such lesser period as may
be required to effect a cure of the default under the Lease). Further, Sublandlord shall have the right to recover from Subtenant all damages to which Sublandlord is entitled including, without limitation, reletting expenses (vacancy, commissions,
improvements, etc.) and any unpaid rent due hereunder up until the time of the reletting of the Subleased Premises; provided, that Sublandlord’s re-occupying of the Subleased Premises will be deemed a reletting with respect to such portion of
the space as is re-occupied by Sublandlord. 

  

	 	C.	Subtenant shall be in default of this Sublease to the extent that Subtenant fails to abide by the terms or conditions of this Sublease and/or the Lease, with Subtenant
being afforded the rights as to notice of default and curing of default as set forth above. Furthermore, if any default under the Lease shall occur with respect to Subtenant, or if Subtenant fails to perform of any of its own covenants and
obligations under this Sublease, then and in any of said cases, Subtenant shall be deemed in default, and Sublandlord shall have the right to exercise all remedies set forth in the Lease as if Sublandlord were “Landlord” and Subtenant were
“Tenant” thereunder. 

  

	 	D.	Subtenant hereby waives trial by jury in any action, proceeding, claim or counterclaim brought by Landlord or Sublandlord with respect to any matter whatsoever arising
out of or in any way connected with this Sublease, the relationship between Sublandlord and Subtenant, and/or Subtenant’s use or occupancy of the Subleased Premises. Subtenant further waives receipt of any notice to quit the Subleased Premises
in the event of any default hereunder. 

  

	 	E.	In the event either party files suit at law or equity to enforce the terms of this Sublease, the party substantially prevailing in such action shall recover from the
other party its reasonable expenses, including, but not limited to, court costs and reasonable attorneys’ fees. All such expenses shall bear interest at the highest rate allowable under the laws of the Commonwealth of Virginia until paid in
full by the substantially non-prevailing party. 

  

	11.	 Insurance. During the Sublease Term, Subtenant shall maintain insurance in force with a company licensed to do business in Virginia, with policy limits
of at least Two Million Dollars ($2,000,000.00) general liability and One Million Dollars ($1,000,000.00) property damage. Sublandlord shall be named as an additional insured thereunder and Subtenant shall provide Sublandlord with a certificate of
such insurance prior to the Commencement Date. Subtenant and

  

					
	11465 – CPM Sublease	  	4 of 13	  	

	 	 
Sublandlord each hereby waive any and all rights of recovery against the other, or against the officers, employees, agents, members, managers and representatives of the other, for loss of or
damage to such waiving party or its property of the property of other under its control to the extent that such loss or damage is insured against under any insurance policy in force at the time of such loss or damage and such loss or damage has been
paid by the insurance company. The insuring party shall, upon obtaining the policies of insurance required hereunder, give notice to the insurance carrier or carriers that the foregoing mutual waiver of subrogation is contained in this Sublease.

  

	12.	Notices. Every notice, approval, consent or other communication authorized or required by this Sublease (“Notice”) shall not be effective unless same shall be
in writing and sent postage prepaid by the United States registered or certified mail, return receipt requested, or delivered by hand, and a written receipt acknowledging such postal or hand delivery obtained for each designated recipient (or proof
of refusal), directed to the other party at the following addresses (indicating the date and to whom delivered), or such other address as either party may designate by Notice given from time to time in accordance with this paragraph:

  

					
		 	If to Subtenant:	 	Comstock Property Management, L.C.
		 		 	11465 Sunset Hills Road
		 		 	Suite 410
		 		 	Reston, Virginia 20190
		 		 	Attention: Gregory Benson
			
		 	With a copy to:	 	Comstock Homebuilding Companies, Inc.
		 		 	11465 Sunset Hills Road
		 		 	Suite 410
		 		 	Reston, Virginia 20190
		 		 	Attention: Jubal Thompson
			
		 	If to Sublandlord:	 	Comstock Asset Management, L.C.
		 		 	11465 Sunset Hills Road
		 		 	Suite 400
		 		 	Reston, VA 20190
		 		 	Attention: Christopher Clemente

  

	13.	Security. Upon full execution of the Sublease, Sublandlord shall deliver to Subtenant a reasonable number of suite entry keys for the Subleased Premises and a
reasonable number of Building perimeter security access cards, at no cost to Subtenant. 

  

	14.	Identity. Sublandlord shall obtain Landlord’s consent, if necessary, for Subtenant’s Building Directory strips. 

  

	15.	Landlord Approval. In the event the Lease requires the prior written consent of Landlord prior to an action by Subtenant, then Sublandlord, on behalf of Subtenant,
shall initiate action to gain consent from Landlord within ten (10) days of Subtenant’s notice to Sublandlord concerning such proposed action. The preceding sentence notwithstanding, in the event the Lease specifies the time period in
which Landlord must respond to such a request for consent, then such specified time period shall control. 

  

	16.	Quiet Enjoyment. Subtenant shall have the peaceful and quiet use of the Subleased Premises, and all rights, servitude and privileges belonging or in anywise
appertaining thereto or granted thereby, for the Sublease Term, without hindrance or interruption by Sublandlord. Sublandlord warrants that it has the full right and authority to enter into this Sublease for the full term hereof.

  

					
	11465 – CPM Sublease	  	5 of 13	  	

	17.	Security Deposit. Upon Sublease execution, Subtenant shall provide or cause to be provided to Sublandlord a Security Deposit in the amount of $50,000.00. Subtenant may
satisfy this requirement by delivery of a promissory note guaranteed by Comstock Homebuilding Companies, Inc. 

  

	18.	Holdover. If Tenant shall hold over possession of the Subleased Premises after the end of the Sublease Term, then in such event this Sublease shall continue on a
month-to-month basis at 150% of the Basic Rent, adjusted to a monthly basis, and subject to all the other conditions, provisions and obligations of this Sublease insofar as the same are applicable, or as the same shall be adjusted, to a
month-to-month tenancy. 

  

	19.	Communications. Subtenant agrees that all communications regarding the tenancy under this Sublease shall be directed or copied to the Sublandlord who will in the case
of property management issues contact Landlord. 

  

	20.	Entire Agreement. This Sublease, together with the Exhibits attached hereto, contains and embodies the entire agreement of the parties hereto, and no representations,
inducements or agreements, oral or otherwise, between the parties not contained in this Sublease and the Exhibits, shall be of any force and effect. This Sublease may not be modified, changed or terminated in whole or in part in any manner other
than by an agreement in writing duly signed by the parties hereto. 

 IN WITNESS WHEREOF, this Agreement of Sublease has been
executed by the parties as of the date first hereinabove written. 
  

									
	SUBLANDLORD:	 		 	SUBTENANT:
			
	Comstock Asset Management, L.C.	 		 	Comstock Property Management, L.C.
		 		 		 	By: Comstock Homebuilding Companies, Inc.
					
	By:	 	  
	 		 	By:	 	  

		 	Christopher Clemente, Manager	 		 		 	Gregory Benson, Chief Operating Officer

 *
* * 
  

					
	11465 – CPM Sublease	  	6 of 13	  	

 GUARANTY 
 For value received, the undersigned hereby absolutely, unconditionally, jointly and severally guarantees performance of Subtenant’s obligations under the Sublease, including but not limited to full
payment of all amounts coming due under this Sublease (including all reasonable attorneys fees and collection expenses), waives notice demand and any reporting requirement, and agrees that this guaranty is an obligation independent of the
obligations of Subtenant hereunder that may be enforced by Sublandlord pursuant to a separate action regardless of whether any action is first brought against Subtenant. 
  

							
		 		 	GUARANTOR:
		
	[Corporate Seal]	 	Comstock Homebuilding Companies, Inc.,
		 		 	a Delaware corporation
				
	By:	 	  
	 	By:	 	  

	Name:	 	  
	 		 	Gregory Benson
	Title:	 	  
	 		 	Chief Operating Officer

 LANDLORD’S
CONSENT AND AGREEMENT 
 11465 SH I, LC, a Virginia limited liability company, as “Landlord” under the Lease hereby
consents to the foregoing Agreement of Sublease between Comstock Asset Management, L.C. and Comstock Property Management, L.C. dated December 31, 2009 and the terms and conditions thereunder. Landlord’s consent herein shall not modify or
affect the Lease or relieve Sublandlord from any liability thereunder. 
  

			
	11465 SH I, LC
		
	By:	 	  

		 	Christopher Clemente, Manager

  

			
	Date:	 	  

  

					
	11465 – CPM Sublease	  	7 of 13	  	

 EXHIBIT A 
 Subleased Premises 

 

 

 Suite 410 
  

					
	11465 – CPM Sublease	  	8 of 13	  	

 EXHIBIT A 
 Subleased Premises 
 (continued) 

 

 

 SUITE 110 
  

					
	11465 – CPM Sublease	  	9 of 13	  	

 EXHIBIT B 
 Form of Commencement Memorandum 
 Commencement and Expiration Date Memorandum

 This Commencement and Expiration Date Memorandum is dated as of
                    , 20         between Comstock Asset Management, L.C. (“Sublandlord”) and
Comstock Property Management, L.C., a Virginia limited liability company (“Subtenant”). 
 W I T N E S S E T H:

 WHEREAS, Sublandlord and Subtenant are parties to that certain Agreement of Sublease dated
                        , 20         (the “Sublease”) relating to premises in
the Building located at 11465 Sunset Hills Road in Reston, Virginia. 
 NOW THEREFORE, Sublandlord and Subtenant hereby confirm
as follows: 
  

	 	1.	The Sublease Commencement Date is                     ,
20        . 

  

	 	2.	The scheduled Expiration Date is                     ,
20        . 

  

	 	3.	The Rentable Area of the Subleased Premises is          square feet. 

  

	 	4.	Landlord may rely upon the foregoing statements. 

 IN WITNESS WHEREOF, Sublandlord and Subtenant have caused this Memorandum to be executed by their respective duly authorized managers, members, partners or officers as of the date first set forth above.

  

									
	SUBLANDLORD:	 		 	SUBTENANT:
			
	Comstock Asset Management, L.C.	 		 	Comstock Property Management, L.C.
		 		 	By: Comstock Homebuilding Companies, Inc.
					
	By:	 	  
	 		 	By:	 	  

		 	Christopher Clemente, Manager	 		 		 	Gregory Benson, President

  

					
	11465 – CPM Sublease	  	10 of 13	  	

 EXHIBIT C 
 Number and Location of Parking Spaces 
  

			
	 Category/Type of Space
	  	Number of Spaces
		
	 Reserved and Assigned to Tenant:
	  	5
		
	 Reserved for Tenants Only, but Unassigned:
	  	10
		
	 Unreserved and Unassigned:
	  	8
		
	 Total Spaces:
	  	23
		
	 Reserved Spaces:
	  	To be assigned
by Landlord

 Landlord reserves the right to reconfigure the parking for the Property by establishing or relocating reserved parking spaces, subject to and in accordance with the Lease. 
  

					
	11465 – CPM Sublease	  	11 of 13	  	

 EXHIBIT D 
 Existing FF&E 
 [Final approved list of Existing FF&E to be
attached following occupancy.] 
  

			
	 Item
	  	Quantity
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

  

					
	11465 – CPM Sublease	  	12 of 13	  	

 EXHIBIT E 
 Lease 
 [To be attached.] 
  

					
	11465 – CPM Sublease	  	13 of 13Exhibit 10.86

 Exhibit 10.86 

 

 

 Builder’s Co-Pilot Software License Agreement 
 This License Agreement dated January 1, 2010 governs the use by Comstock Homebuilding Companies, Inc. (hereafter “Licensee”),
11465 Sunset Hills Road #500 Reston VA 20190 (Phone: 703- 883-1700) of the Builder’s Co-Pilot software and system which is owned and licensed by I-Connect, L.C., with a principal place of business at 11465 Sunset Hills Road, Suite
400, Reston, Virginia 20190 (hereafter “ICG”). Subject to the timely payment by Licensee of the fees and charges set forth on the attached “Schedule of Fees and Usage Rights,” Licensee shall have the following rights:

 1. Definitions 
 (a)
“Software” or “System” refers to the Builder’s Co-Pilot brand of real estate development data management software program supplied by ICG herewith, and corresponding documentation, associated media, printed materials, and
online or electronic documentation. (b) “Computer” means computer, workstation, terminal, handheld PC, pager, “smart phone,” or other digital electronic device. (c) “User Manual” means a compendium of
operating instructions and system features that is provided to Licensee upon installation and configuration of the System. The User Manual addresses most, but not all, features and functions of the System and Licensee understands and agrees that the
User Manual can and will be updated by ICG from time to time. It is agreed that upon provision to Licensee of an updated version of the User Manual, that updated User Manual will supersede and replace the earlier User Manual, which update will be
effective when Licensee actually receives the updated User Manual. 
 2. License 
 (a) Licensee may install, use, access, display, run, or otherwise interact with as many versions of the Software as is authorized on the attached
“Schedule of Fees and Usage Rights.” 
 (b) Licensee may make one additional copy of the Software in machine-readable form solely for
backup purposes. Licensee must reproduce on any such copy all copyright notices and any other proprietary legends on the original copy of the Software. 
 (c) Licensee agrees that ICG may audit use of the Software for compliance with these terms at any time, upon reasonable notice. Audit rights include access to network and system log data and other
resources capable of detailing the use of the Software by Licensee. 
 (d) Licensee’s rights under this Agreement are non-exclusive.

 Additional Terms for Managed Service Deployment 
 Where Licensee elects to operate the System locally and on its computers and network, except for the express support obligations agreed to by ICG herein, Licensee is and shall at all times remain
responsible for data retention and related data protection and back up procedures. 
 In the event Licensee chooses the managed service
deployment option, where the System is operated and Licensee’s data is stored and processed on ICG controlled computers and networks, ICG shall use current and industry approved commercially reasonable efforts to protect Licensee’s data
and to ensure that Licensee’s authorized users are able to access and use the System 24 hours a day, 7 days a week and throughout the calendar year. In undertaking to make the System and Licensee’s data continuously available, Licensee
recognizes that 1) interruptions can occur that are beyond the reasonable control of ICG arising from hardware, software and network issues, and 2) routine maintenance and upgrades to the System will necessarily require that the System and
Licensee’s data be temporarily unavailable. ICG 
  

			
	Confidential	  	Page 1 of 6

			
	

  

 shall undertake and use its commercially reasonable efforts to minimize all such interruptions and as to
Licensee’s data shall cause periodic and regular backups to be made using ICG’s established on-site and off-site data protection procedures. 
 3. License Grant. Other than as set forth in Section 2, Licensee may not make or distribute copies of the Software, or electronically transfer the Software from one computer to another or over a network. Licensee may not alter,
merge, modify, adapt or translate the Software, or decompile, reverse engineer, disassemble, or reduce the Software to a human-perceivable form. Unless otherwise provided herein, Licensee may not rent, lease, or sublicense the Software. Licensee may
transfer its rights hereunder to a successor entity provided ICG is notified in advance of and approves such transfer. Unless specifically agreed to by ICG in writing or otherwise provided herein, Licensee may not modify the Software or create
derivative works based upon the Software. Licensee may receive the Software in more than one medium but shall only install or use one medium. Licensee shall comply with the User Manual and with all reasonable instructions provided by ICG when using
the System and processing data on ICG data storage facility. In the event Licensee fails to comply with any material provision of this Agreement, ICG may terminate the license, all Licensee usage rights shall cease and Licensee must destroy all
copies of the Software (with all other rights of ICG and provisions protecting ICG surviving any such termination arising from breach by Licensee). 
 4. Ownership. Licensee is authorized to make use the Software and, if applicable, the ICG network and data storage capacities. This license is non-exclusive and ICG retains all right, title and interest, including all copyright and
intellectual property rights, in and to, the Software and System. All rights not specifically granted in this Agreement, including US and International Copyrights, are reserved to ICG. 
 5. LIMITED WARRANTY AND DISCLAIMER 
 (a) ICG warrants that, for a period of ninety
(90) days from the date of delivery, and when used with a recommended hardware configuration, the Software will, subject to the following, perform in substantial conformance with the User Manual documentation supplied with the Software.

 (b) THE SOFTWARE AND SYSTEM IS PROVIDED “AS IS” AND ICG EXPRESSLY DISCLAIMS ALL WARRANTIES AND ALL LIABILITIES ASSOCIATED WITH
DATA INPUTTED, PROCESSED, STORED OR MADE AVAILABLE BY OR THROUGH THE SOFTWARE OR PURSUANT TO ANY DATA STORAGE OR ACCESS SERVICES OFFERED BY ICG HEREUNDER. EXCEPT AS SET FORTH IN THE FOREGOING LIMITED WARRANTY, ICG AND ITS SUPPLIERS DISCLAIM ALL
OTHER WARRANTIES AND REPRESENTATIONS, WHETHER EXPRESS, IMPLIED, OR OTHERWISE, INCLUDING THE WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. WHILE REASONABLE EFFORTS HAVE BEEN MADE, ICG DOES NOT WARRANT THAT THE SOFTWARE IS
COMPLETELY ERROR-FREE. SOME STATES DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY. 
 6.
Exclusive Remedy. Licensee exclusive remedy for any breach of warranty is to return the Software to ICG. Provided that any non-compliance with the above warranty is reported in writing to ICG no more than ninety (90) days following delivery
of the Software, ICG will use reasonable commercial efforts to supply Licensee with a replacement copy of the Software that substantially conforms to the User Manual documentation, provide a replacement for defective media, or refund the purchase
price for the 
  

			
	Confidential	  	Page 2 of 6

			
	

  

 
Software, at ICG’s sole option. ICG shall have no responsibility if the Software has been altered in any way, if the media has been damaged by misuse, accident, abuse, modification or
misapplication, or if the failure arises out of use of the Software with other than a recommended hardware configuration. Any misuse, accident, abuse, modification or misapplication of the Software voids all warranties. THIS REMEDY IS THE SOLE
AND EXCLUSIVE REMEDY AVAILABLE FOR BREACH OF EXPRESS OR IMPLIED WARRANTIES WITH RESPECT TO THE SOFTWARE AND RELATED DOCUMENTATION. 
 7.
LIMITATION OF LIABILITY. NEITHER ICG NOR ITS SUPPLIERS SHALL BE LIABLE TO LICENSEE OR ANY THIRD PARTY FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, COVER OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR THE INABILITY TO USE
EQUIPMENT OR ACCESS DATA, LOSS OF BUSINESS, LOSS OF PROFITS, BUSINESS INTERRUPTION OR THE LIKE), ARISING OUT OF THE USE OF, OR INABILITY TO USE, THE SOFTWARE AND BASED ON ANY THEORY OF LIABILITY INCLUDING BREACH OF CONTRACT, BREACH OF WARRANTY, TORT
(INCLUDING NEGLIGENCE), PRODUCT LIABILITY, BREACH OF COPYRIGHT, INFRINGEMENT OR INTELLECTUAL PROPERTY RIGHTS OF THIRD PARTIES INCLUDING BUT NOT LIMITED TO ANY RIGHTS HELD BY OWNERS OF WEBSITES AGAINST WHICH THE SOFTWARE IS APPLIED OR USED, OR
OTHERWISE, EVEN IF ICG OR ITS REPRESENTATIVES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND EVEN IF A REMEDY SET FORTH HEREIN IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE. ICG’S TOTAL LIABILITY TO LICENSEE FOR ACTUAL DAMAGES FOR
ANY CAUSE WHATSOEVER WILL BE LIMITED TO THE GREATER OF $2000 OR THE AMOUNT PAID FOR THE SOFTWARE THAT CAUSED SUCH DAMAGE. 
 8. Basis of
Bargain. The Limited Warranty and Disclaimer, Exclusive Remedies and Limited Liability set forth above are fundamental elements of the basis of the agreement between ICG and Licensee. ICG would not be able to provide the Software on an economic
basis without such limitations. Such Limited Warranty and Disclaimer, Exclusive Remedies and Limited Liability inure to the benefit of ICG’s licensors. 
 9. No Distinction between End Users. The foregoing limitations or exclusions of warranties and liability contained in this Agreement affect all users regardless of type or size. 
 10. General. This Agreement shall be governed by the internal laws of the Commonwealth of Virginia, without giving effect to principles of conflict
of laws. Licensee hereby consents to the exclusive jurisdiction and venue of the state courts or federal courts sitting in the Commonwealth of Virginia, to resolve any disputes arising under this Agreement. In each case this Agreement shall be
construed and enforced without regard to the United Nations Convention on the International Sale of Goods. 
 This Agreement contains the
complete agreement between the parties with respect to the subject matter hereof, and supersedes all prior or contemporaneous agreements or understandings, whether oral or written. Licensee agree that any varying or additional terms contained in any
purchase order or other written notification or document issued in relation to the Software licensed hereunder shall be of no effect. The failure or delay of ICG to exercise any of its rights under this Agreement or upon any breach of this

  

			
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Agreement shall not be deemed a waiver of those rights or of the breach. 
 No amendment
may be made to this Agreement unless by writing signed by both parties. 
 If any provision of this Agreement shall be held by a court of
competent jurisdiction to be contrary to law that provision will be enforced to the maximum extent permissible and the remaining provisions of this Agreement will remain in full force and effect. 
 Notice to a party shall be as follows: 
 I-Connect, L.C. 
 Attn: Amitesh Sinha 
 11465 Sunset Hills Road 
 Suite 410 
 Reston, Virginia 20190 
 Fax: (703) 471-3982 
 Email: amitesh@iconnectgroup. com 
 Comstock Homebuilding Companies, Inc. 
 Attn: Zerrick Pearson 
 11465 Sunset Hills Road #500

 Reston, VA 20190 
 Fax:
(703) 760-1520 
 Email: zpearson@comstockhomebuilding.com 
 With a copy to: 
 Comstock Homebuilding Companies, Inc. 
 Attn: Jubal Thompson 
 11465 Sunset Hills Road #500

 Reston, VA 20190 
 Fax:
(703) 760-1520 
 Email: jthompson@comstockhomebuilding.com 
 Trademarks and Trade Dress: ICG, the ICG logo, Builders CoPilot Logo and other trademarks presented in the Software and the Software and System (including in documentation and the User Manual) are the
intellectual property of ICG. Third party trademarks, trade names, product names and logos may be the trademarks or registered trademarks of their respective owners. Licensee may not remove or alter any trademark, trade names, product names, logo,
copyright or other proprietary notices, legends, symbols or labels in the Software. 
  

			
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	ACCEPTED:	 		 		 	
			
	I-Connect, LC	 		 	Comstock Homebuilding Companies, Inc.
					
	By:	 	 /s/ Amitesh Sinha
	 		 	By:	 	 /s/ Christopher Clemente

	Name:	 	Amitesh Sinha	 		 	Name:	 	Christopher Clemente
	Title:	 		 		 	Title:	 	CEO

  

			
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 Schedule of Fees and Usage Rights 
 Initial Deposit and Payment: Upon execution of this Agreement Licensee shall pay a $ 0 initial payment for license fees and for any additional
services requested from ICG. 
 License Fees: Licensee shall compensate ICG for use of the software and the system by paying Usage Fees
based upon the number of “Neighborhoods” set up and used by Licensee in each month of use. For each Month, Licensee shall pay to I-Connect $6,000 for an unlimited number of Neighborhoods. As used herein, Neighborhood means the neighborhood
or Community where homes are being built or completed building by Licensee or agents of Licensee by the Licensee or agents of Licensee. 
 ECard / eBlast / Internet Marketing via Emails Charges: Included 
  

			
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