Document:

Exhibit 10.3

 

AMENDMENT NO. 1

TO THE

EXECUTIVE OFFICER SEPARATION AGREEMENT AND
RELEASE

 

This Amendment No. 1 (the
“Amendment”) to the “Separation Agreement” (defined in R-1 below), is entered into as of September 17,
2021 (the “Amendment Effective Date”), by and between Douglas T. Moore (the “Executive” or “Moore”)
and 1847 Goedeker Inc. (the “Company”)) (collectively referred to in this Amendment and the Separation Agreement as
the “Parties” or individually referred to as a “Party”).

 

RECITALS:

 

R-1.  The Executive and
the Company are Parties to the Executive Officer Separation Agreement and Release that each signed August 30, 2021 (the “Separation
Agreement”).

 

R-2. The Executive and
the Company desire to amend the Separation Agreement as set forth in this Amendment.

 

R-3. Section 17 of the
Separation Agreement provides that the Separation Agreement may be amended in accordance with the terms set forth in Section 17.

 

NOW THEREFORE, in consideration
of the mutual promises contained herein, and other good and valuable consideration, the receipt, adequacy, and sufficiency of which is
hereby acknowledged by each Party, the Parties agree as follows:

 

AGREEMENT:

 

1.   Definitions;
References. Unless otherwise specifically defined in this Amendment, the terms used in this Amendment, including the Recitals hereto,
shall have the meaning assigned to such term in the Separation Agreement as amended by this Amendment.

 

2.   Amendment
to the Separation Agreement. The Separation Agreement is hereby amended to insert and include the following section 19.5 immediately
after Section 19:

 

19.5   Section
409A. It is intended that the payments and benefits provided under this Separation Agreement shall be exempt from the application
of the requirements of Section 409A of the U.S. Internal Revenue Code of 1986, as amended (“Section 409A”) by reason
of one or more of the exceptions in Treas. Reg. 1.409A-1; to the extent not so exempt, it is intended that the payments and benefits provided
under this Separation Agreement shall comply with Section 409A. The Parties agree that Executive’s termination of employment shall
constitute an involuntary “separation from service” under Treas. Reg. 1.409A-1(n)(1). Notwithstanding the provisions of the
immediately preceding sentences in this Section 19.5, the Company does not warrant or otherwise assure that the payments and benefits
provided under this Separation Agreement will be considered by the federal Internal Revenue Service (“IRS”) or other
appropriate governmental authorities to be exempt from the application of the requirements of Section 409A, and a finding by the IRS or
other appropriate governmental authority that the payments and benefits (or any of them) provided under this Separation Agreement are
not exempt, either in whole or in part, from the application of the requirements of Section 409A shall be no grounds for the Executive
to seek or obtain any form of relief against the Company or rescission or reformation of this Separation Agreement.

 

    1

     

    

 

3.   Effect
of this Amendment. This Amendment shall go into effect and become binding on the Parties on the Amendment Effective Date, and, upon
the Amendment becoming binding and effective, the amendment set forth in Section 2 above of this Amendment shall be deemed to amend the
Separation Agreement retroactive to the date that the Separation Agreement because fully effective and enforceable as provided in Section
14 of the Separation Agreement. Upon this Amendment going into effect and become binding on the Parties, it shall form a part of the Separation
Agreement for all purposes, and each Party to the Separation Agreement and to this Amendment shall be bound by this Amendment. From and
after the Amendment Effective Date, any reference to the Separation Agreement shall be deemed a reference to the Separation Agreement
as amended by this Amendment.

 

4.   Authority.
The Company represents and warrants that the undersigned representative of the Company has the authority to act on behalf of the Company
and to bind the Company and all who may claim through it to the terms and conditions of this Amendment. The Executive represents and warrants
that he has the capacity to act on his/her own behalf and on behalf of all who might claim through him/her to bind them to the terms and
conditions of this Amendment.

 

5.   No
Representations. The Executive represents that he has had an opportunity to consult with an attorney, and the Executive has carefully
read and understands the scope and effect of the provisions of this Amendment. In entering this Amendment, the Executive represents that
he has not relied upon any representations or statements made by the Company that are not specifically set forth in this Amendment.

 

6.   ARBITRATION.
THE PARTIES AGREE THAT ANY AND ALL DISPUTES ARISING OUT OF THE TERMS OF THIS AMENDMENT, THEIR INTERPRETATION, AND ANY OF THE MATTERS HEREIN,
SHALL BE SUBJECT TO ARBITRATION IN BALLWIN, MISSOURI BEFORE THE JUDICIAL ARBITRATION
& MEDIATION SERVICES, INC. (“JAMS”), PURSUANT TO ITS EMPLOYMENT ARBITRATION RULES & PROCEDURES (“JAMS RULES”).
THE ARBITRATOR MAY GRANT INJUNCTIONS AND OTHER RELIEF IN SUCH DISPUTES. THE ARBITRATOR SHALL ADMINISTER AND CONDUCT ANY ARBITRATION IN
ACCORDANCE WITH MISSOURI LAW, AND THE ARBITRATOR SHALL APPLY SUBSTANTIVE AND PROCEDURAL MISSOURI LAW TO ANY DISPUTE OR CLAIM, WITHOUT
REFERENCE TO ANY CONFLICT-OF-LAW PROVISIONS OF ANY JURISDICTION. TO THE EXTENT THAT THE JAMS RULES CONFLICT WITH MISSOURI LAW, MISSOURI
LAW SHALL TAKE PRECEDENCE. THE DECISION OF THE ARBITRATOR SHALL BE FINAL, CONCLUSIVE, AND BINDING ON THE PARTIES TO THE ARBITRATION. THE
PARTIES AGREE THAT THE PREVAILING PARTY IN ANY ARBITRATION SHALL BE ENTITLED TO INJUNCTIVE RELIEF IN ANY COURT OF COMPETENT JURISDICTION
TO ENFORCE THE ARBITRATION AWARD. THE PARTIES TO THE ARBITRATION SHALL EACH PAY AN EQUAL SHARE OF THE COSTS AND EXPENSES OF SUCH ARBITRATION,
AND EACH PARTY SHALL SEPARATELY PAY FOR ITS RESPECTIVE COUNSEL FEES AND EXPENSES; PROVIDED, HOWEVER, THAT THE ARBITRATOR SHALL AWARD ATTORNEYS’
FEES AND COSTS TO THE PREVAILING PARTY, EXCEPT AS PROHIBITED BY LAW. THE PARTIES HEREBY AGREE TO WAIVE THEIR RIGHT TO HAVE ANY DISPUTE
BETWEEN THEM RESOLVED IN A COURT OF LAW BY A JUDGE OR JURY. NOTWITHSTANDING THE FOREGOING, THIS SECTION WILL NOT PREVENT EITHER PARTY
FROM SEEKING INJUNCTIVE RELIEF (OR ANY OTHER PROVISIONAL REMEDY) FROM ANY COURT HAVING JURISDICTION OVER THE PARTIES AND THE SUBJECT MATTER
OF THEIR DISPUTE RELATING TO THIS AMENDMENT AND THE AGREEMENTS INCORPORATED HEREIN BY REFERENCE. SHOULD ANY PART OF THE ARBITRATION AGREEMENT
CONTAINED IN THIS PARAGRAPH CONFLICT WITH ANY OTHER ARBITRATION AGREEMENT BETWEEN THE PARTIES, THE PARTIES AGREE THAT THIS ARBITRATION
AGREEMENT SHALL GOVERN.

 

7.   Governing
Law. This Amendment is governed by the laws of the State of Missouri, without regard to its principles of conflicts of law.

 

8.   Counterparts.
This Amendment may be executed in counterparts and by facsimile, scan or other electronic means, and each counterpart, facsimile or electronic
copy shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of the
undersigned.

 

9.   Section
Headings. The Section headings (e.g., “Counterparts”) used in this Amendment are inserted for convenience
only and shall be disregarded in construing this Amendment.

 

[The remainder of this
page is purposefully blank; the execution page follows.]

 

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IN WITNESS WHEREOF, the Parties
have executed this Amendment on the respective dates set forth below.

 

	1847 GOEDEKER INC.	 
	 	 	 
	By:	/s/ Albert Fouerti	 
	 	 	 
	Name:	Albert Fouerti	 
	 	 	 
	Title:	Chief Executive Officer	 
	 	 	 
	Dated:	September 20, 2021	 

 

	DOUGLAS T. MOORE	 
	 	 	 
	Signed:	/s/ Douglas T. Moore	 
	 	 	 
	Dated:	September 18, 2021	 

 

 

3Exhibit 10.4

 

WAREHOUSE AGREEMENT

 

This WAREHOUSE AGREEMENT
(this “Agreement”), dated as of the 9th day of September, 2021, is by and between Brook Warehousing Corporation,
a New Jersey Corporation having an address at 18 Van Veghten Drive, Bridgewater, NJ 08807 (“Licensor”) and 1847
Goedeker Inc., a Delaware Corporation having an address at 3817 Millstone Pkwy, St. Charles, MO 63301 (“Licensee”)
and, together with Licensor, collectively referred to herein as the “Parties,” or individually, a “Party”. 

 

WHEREAS, Licensor
is a party to that certain Lease Agreement, dated November 26, 2002 (as amended by First Amendment to Lease, dated June 22, 2007, Second
Amendment to Lease, dated April 17, 2009, Third Amendment to Lease, dated October 18, 2010, Fourth Amendment to Lease, dated June 8, 2015,
and Fifth Amendment to Lease, dated June 14, 2018, collectively, the “Lease”), pursuant to which Licensor leases a portion
of the property located at 8 Heller Park Lane, Somerset, NJ (the “Building”) consisting of approximately 129,785 square
feet in the Building as more particularly described in the Lease attached hereto as Exhibit A (the “Leased Premises”);
and

 

WHEREAS, the Parties desire
by this Agreement to provide for the storage of merchandise by Licensor to Licensee on a per square foot basis within the Leased Premises,
as more particularly described in Exhibit B attached hereto and made a part hereof (the “Licensed Area”).

 

NOW, THEREFORE, in
consideration of the mutual covenants, terms and conditions set forth herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

		1.	License; Furniture. Fixtures. and Personal Property; As-Is.

 

(a) License.
Licensor hereby grants to Licensee, and Licensee hereby accepts, license (the “License”) to use and occupy the Licensed
Area for the purposes permitted under the Lease subject to the terms and conditions set forth in this Agreement. The Parties do not intend
to create a lease or any other interest in real property for Licensee through this Agreement. Licensee and its employees, agents, and
invitees are, except as otherwise specifically provided in this Agreement, authorized to use the common areas in the Building for their
intended purposes.

 

(b) Furniture,
Fixtures, and Personal Property. Licensee shall also have the right to use Licensor’s furniture, fixtures, and personal property (“Licensor’s
Personal Property”), as may be located in the Licensed Area on the Commencement Date, which shall be returned to Licensor on
the Expiration Date or earlier termination of the License Period (each of these terms as defined in Section 2) pursuant to the terms
and conditions of this Agreement. Throughout the License Period, Licensee shall take reasonable care of the Licensed Area and the Licensor’s
Personal Property, provided however, that such Licensed Area and Licensor’s Personal Property are subject to normal wear and tear; and
Licensor’s Personal Property is not removed from the Licensed Area without prior notification to the Licensee.

 

    

     

    

 

(c) As-Is.
Licensee will inspect the Licensed Area, document in writing within thirty (30) days hereof any faults; and agrees to accept the Licensed
Area “AS-IS,” “WHERE-IS,” and “WITH ALL FAULTS”. THE PARTIES DO NOT MAKE ANY WARRANTIES, EXPRESS OR IMPLIED,
WITH RESPECT TO THIS AGREEMENT, THE LICENSED AREA, THE LICENSOR’S PERSONAL PROPERTY, THE BUILDING, OR THE REAL PROPERTY OR PROPERTY INTERESTS,
INCLUDING THE WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

 

		2.	License Period; Access; Surrender.

 

(a) License
Term. Licensee’s right to use the Licensed Area shall commence on October 1, 2021 (the “Commencement Date”) and,
subject to sooner termination as hereinafter provided, shall expire automatically and immediately upon the earlier of: (x) November 29,
2023; or (y) termination of the Lease for the Leased Premises for any reason (the earlier of (x) or (y) being, the “Expiration
Date”). The time period between the Commencement Date and the Expiration Date shall be known as the “License Period”.

 

(b) Access.
Licensee, its employees, contractors, and agents shall at all times have access to the Licensed Area subject to the terms set forth in
the Lease; provided, however, Licensor, its employees, contractors, and agents shall also at all times have access to the Licensed Area,
no consent of the Licensee being required for any such access at any time. Licensor may not remove Licensor’s Personal Property without
prior notification to the Licensee.

 

(c) Surrender.
On or before the Expiration Date, Termination Date, or sooner termination of this Agreement, Licensee shall remove all inventory from
the Licensed Area, but shall leave in place all of Licensor’s Personal Property in substantially similar condition as on the Commencement
Date (reasonable wear and tear excepted). Licensee shall vacate and surrender full and complete possession of the Licensed Area to Licensor,
vacant and broom clean, in its “as-is” condition and state of repair, subject only to: (i) reasonable wear and tear; (ii) damage
by the elements, fire or other casualty (unless such damage or casualty is caused by the gross negligence or wrongful act of Licensee,
its employees or agents); and (iii) damage caused by the gross negligence or wrongful act of Licensor. The surrender obligations outlined
herein shall survive any cancellation, expiration, or termination, for any reason, of this Agreement.

 

		3.	Storage Fee.

 

(a) Storage
Fee. Licensee shall pay a license fee (the “Storage Fee”) for the Licensed Area in the monthly amount of One Hundred
Thirty-Six Thousand Two Hundred Seventy-Four Dollars and Fifty-Six Cents ($136,274.25) on the First (1st) day of each calendar month.
Payments of the Storage Fee shall be made payable to Licensor in United States dollars and shall be delivered to Licensor at the address
specified herein or such other address as Licensor may designate by written notice from time to time or through electronic funds transfer.
The Storage Fee will be increased by three percent (3%) on each anniversary of the Commencement Date. Notwithstanding anything in this
Agreement to the contrary, except for the Storage Fee, except as may be expressly set forth herein, Licensee shall not be responsible
for payment of any portion of any costs, or for the performance of any alterations or repairs, which Licensor is or may be held responsible
for under the Lease.

 

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		4.	Permitted Uses: Compliance with Lease: Modifications to Lease.

 

(a) Permitted
Uses. The Licensed Area shall only be used for bulk storage of appliances, appliance accessories, furniture, furniture accessories,
and the supplies or equipment necessary for storage, shipping, and processing such products; which are non- hazardous, non-toxic, non-regulated
products.

 

(b) Compliance
with Lease and Subordination. Licensor has provided Licensee with a redacted copy of the Lease and Licensee acknowledges receipt thereof
and attached hereto as Exhibit A. Licensor and Licensee hereby agree not to take any action or fail to take any action in its use of a
portion of the Leased Premises, a result of which would be Licensor’s violation of any of the terms or conditions of the Lease, the provisions
of which are hereby incorporated by reference to the extent that they applicable to this Agreement. Licensee agrees to comply with the
terms and provisions (other than with respect to payment of monies) of the Lease with respect to its use of the Licensed Area and the
common areas, including, without limitation, any rules or regulations imposed under the Lease at any time.

 

The License
granted herein is subject and subordinate to all ground and underlying leases affecting the real property of which the Licensed Area forms
a part and to all mortgages which may now or hereafter affect such leases or such real property.

 

(c) Modification
to Lease. Licensee acknowledges and agrees that Licensor has the right to modify or otherwise amend the Lease without the consent
of Licensee; Licensor will provide Licensee with fifteen (15) business days prior notice of, and a copy of, any lease amendment.

 

		5.	Alterations: Services: Repairs.

 

(a) Alterations.
Licensee may not make any alterations, installations, additions, or improvements in or to the Licensed Area without the prior written
consent of Licensor, which consent may not be unreasonably withheld or conditioned. Any signage to be used by Licensee with respect to
the Licensed Area must be pre-approved in writing by Licensor, which approval may not be unreasonably withheld or conditioned.

 

(b) Services.
Licensor hereby grants to Licensee, subject to the terms and conditions of the Lease, the right to receive all of the services and
benefits with respect to the Licensed Area that are to be provided by the landlord under the Lease. Notwithstanding the foregoing, Licensee
recognizes that Licensor is not furnishing the services set forth in the Lease and shall not be liable to Licensee for any failure or
interruption of services to be provided by the landlord under the Lease. In the event of any default or failure of such performance by
the landlord, Licensor will, upon written request of Licensee, make a demand upon the landlord to perform its obligations for the services
under the Lease. If Licensor receives an abatement of rent or other concession from the landlord or institutes an enforcement action
to compel the landlord under the Lease to perform services to the Licensed Area and other portions of the Leased Premises, then the benefit
of such abatement or concession, or the reasonable costs and expenses of such enforcement action, as the case may be shall be equitably
apportioned so that, insofar as can be practically determined, each Party shall enjoy, or bear, its allocable share of such benefit or
such costs and expenses.

 

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(c) Repairs.
Licensee shall be responsible for the cost to repair any damage caused by the Licensee to the Licensed Area that the Licensor would otherwise
be responsible for under the Lease. The repair obligations outlined herein shall survive any cancellation, expiration, or termination,
for any reason, of this Agreement.

 

		6.	Default; Limitation of Damages.

 

(a) Defaults.
If either Party defaults in the performance of any of its obligations under this Agreement, and such default continues for more than
ten (10) business days after receipt of written notice from the non-defaulting Party, the non-defaulting Party shall have the right
to terminate this Agreement and pursue any other remedies available at law or in equity, except as limited herein.

 

(b) Re-entry.
Licensee hereby agrees that Licensor and its agents and servants may immediately or at any time after Licensee commits a material default
of this Lease, after the expiration of any applicable notice or cure period, or after the date upon which this License and the Term shall
expire and come to an end, re-enter the Licensed Area or any part thereof, in accordance with Licensee’s rights by means of peaceable
self-help remedies, without any duty, requirement, or necessity to provide due process or to seek a court order, by summary dispossess
proceedings, or by any other action or proceeding at law, before removing Licensee from the Licensed Area and removing Licensee’s property
and/or any person therefrom, without being liable to indictment, prosecution, or damages therefor, and may repossess the same, and may
remove any person therefrom, to the end that Licensor may have, hold, and enjoy the Licensed Area. Notwithstanding anything to the contrary
contained herein, Licensor acknowledges and agrees to comport with a certain Licensor Waiver and Consent Agreement between Licensor and
Manufacturers and Traders Trust Company prior to removing any of Licensee’s property.

 

		7.	Indemnification; Limitation of Liability.

 

(a) Indemnification. Each
Party (an “Indemnifying Party”) shall indemnify, defend and hold harmless the other Party, and its officers,
directors, members, partners, employees, agents, affiliates, successors, and permitted assigns (collectively, the “Indemnified
Parties”) against all Claims/claims made or judicial or administrative actions filed which allege that any of the
Indemnified Parties are liable to the claimant by reason of: (a) any injury to or death of any person, or damage to or loss of
property, or any other thing occurring on or about any part of the Building, or in any manner growing out of, resulting from or
connected with the use, condition, or occupancy of the Licensed Area if caused by any negligent or wrongful act or omission of the
Indemnifying Party or its agents, partners, contractors, employees, permitted assignees, licensees, sublessees, invitees, or any
other person or entity for whose conduct the Indemnifying Party is legally responsible; (b) violation by the Indemnifying Party of
any contract or agreement (including, with respect to Licensor, the Lease) to which the Indemnifying Party is a party in each case
affecting any part of the Licensed Area or the occupancy or use thereof by the Indemnifying Party; and (c) violation of or failure
to observe or perform any condition, provision, or agreement of this Agreement on the Indemnifying Party’s part to be observed or
performed hereunder. The indemnity obligations outlined herein shall survive any cancellation, expiration, or termination, for any
reason, of this Agreement.

 

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(b) Limitation
of Liability. Licensor and Licensee agree that none of their respective directors, officers, employees, shareholders, or any of their
(or any of those parties’) respective agents shall have any personal obligation hereunder, and that Licensor and Licensee shall not seek
to assert any claim or enforce any of their rights hereunder against any of such parties.

 

		8.	Miscellaneous.

 

(a) Notices.
Any notice, demand, request, or other communication under this Agreement shall be in writing and shall be addressed to the Parties at
the addresses set forth below (or at such other address for a Party as shall be specified in a notice given in accordance with this Section
9(a)). Each Party may amend its address for notices from time to time upon written notice to the other Party in accordance herewith. Communications
may be delivered and shall be deemed to have been given by the delivering Party and received by the receiving Party: (i) when delivered
by hand; (ii) one-day after deposit with a nationally recognized overnight courier or delivery service if sent priority overnight delivery;
(iii) on the date sent by electronic mail (with confirmation of transmission) if sent during normal business hours of the recipient and
if also transmitted by one of the other means permitted hereunder; or (iv) on the third day after the date mailed by certified or registered
mail (in each case, return receipt requested and postage pre-paid). The rejection or other refusal to accept or the inability to deliver
because of a changed address of which no notice was given shall be deemed to be receipt of the communication sent.

 

If to Licensor:

Brook Warehousing Corp.

1735 Jersey Avenue, North Brunswick, 08902

Attention: Arvee Claravall and Eleanor Marin

Email: arvee@tfxny.com and eleanor@tfxny.com

 

with copy to:

Jonathan A. Ozarow, Clark Guldin
Attorneys at Law

20 Church Street, Suite 15, Montclair, NJ 07039

Telephone: (973) 707-5346

Email: jozarow@clarkguldin.com

 

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If to Licensee:

 

1847 Goedeker, Inc.

1870 Bath Ave, Brooklyn, NY 11214 Telephone:

Attention: Maria Johnson

Email: Maria.Johnson@appliancesconnection.com

 

with copy to:

BEVILACQUA PLLC

1050 Connecticut Ave, NW, Suite 500,
Washington DC 20036

Telephone: 202-869-0888

Attention: Mary Sheridan

Email: mary@bevilacquapllc.com

 

(b) Defined
Terms. All capitalized terms used in this Agreement that are not otherwise defined herein are given the meanings set forth in the
Lease.

 

(c) No
Assignment. This Agreement and the rights, duties, obligations, and privileges hereunder may not be assigned by Licensee without the
prior written consent of Licensor, which shall not be unreasonably withheld, conditioned, or delayed. Any change in control of Licensee
shall constitute an assignment for purposes of this Agreement.

 

(d) Governing Law. This Agreement
shall be governed by and construed in accordance with the laws of the State of New Jersey

 

(e) Counterparts.
This Agreement may be executed by the Parties hereto in separate counterparts, each of which when so executed and delivered shall be an
original for all purposes, but all such counterparts shall together constitute but one and the same instrument. A signed copy of this
Agreement delivered by email shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement. Notwithstanding
the foregoing, each Party hereto shall deliver original counterpart signatures to the other Parties by no later than five (5) days after
the date hereof.

 

(f) Section
Headings. The section titles contained herein are for convenience only and do not define, limit, or construe the interpretation of
any of the contents of such sections.

 

(g) Severability.
If one or more provision in this Agreement is found to be invalid, illegal, or otherwise unenforceable, all other provisions will remain
unaffected and shall be deemed to be in full force and effect. If any provision in this Agreement is found to be invalid, illegal, or
otherwise unenforceable, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
Parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally
intended by the Parties.

 

(h) Binding
Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective
successors and permitted assigns, and shall not be modified except by an express written agreement signed by a duly authorized
representative of both Parties.

 

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		(i)	Force Majeure.

 

(i) “Force
Majeure Event” means any of the following events: (i) acts of God; (ii) floods, fires, earthquakes, explosions, or other natural
disasters; (iii) war, invasions, hostilities (whether war is declared or not), terrorist threats or acts, riots or other civil unrest;
(iv) governmental authority, proclamations, orders, laws, actions, or requests; (v) embargoes or blockades; (vi) epidemics, pandemics,
or other national or regional public health emergencies; (vii) strikes, labor stoppages or slowdowns, or other industrial disturbances;
and (viii) shortages of supplies, adequate power, or transportation facilities[; and (ix) other similar events beyond the reasonable control
of the parties.

 

(ii) Neither
party shall be liable or responsible to the other party, nor be deemed to have defaulted under or breached this Agreement, for any failure
or delay in fulfilling or performing any obligation under this Agreement (except for any obligations to make payments to the other party
hereunder), when and to the extent such failure or delay is caused by a Force Majeure Event. The failure or inability of either party
to perform its obligations in this Agreement due to a Force Majeure Event shall be excused for the duration of the Force Majeure Event
and extended for a period equivalent to the period of such delay, but not in excess of fifteen (15) days in the aggregate. Nothing contained
in this Section shall excuse either party from paying in a timely fashion any payments due under the terms of this Agreement or extend
the term of this Agreement.

 

(iii) Either
party (the “Noticing Party”) shall give the other party notice within five (5) days of the commencement of the Force
Majeure Event, explaining the nature or cause of the delay and stating the period of time the delay is expected to continue. The Noticing
Party shall use best efforts to end the failure or delay and ensure the effects of such Force Majeure Event are minimized. The Noticing
Party shall resume the performance of its obligations as soon as reasonably practicable after the removal of the cause. In the event that
the failure or delay remains uncured for a period of ten (10) days following written notice given by the Noticing Party under this Section,
Licensor may thereafter terminate this Agreement upon five (5) days’ written notice.

 

(j) Waiver
of Jury Trial/Counterclaim. Each party hereby waives trial by jury of any or all issues arising in any action out of or in any way
connected with this License, or any of its provisions, the Licensees use or occupancy of the Premises, and/or any claim of injury or damage

 

(k) Attachments
and Exhibits. All attachments and exhibits to this Agreement are hereby made a part hereof as if fully set out herein.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, the Parties hereto
have duly executed this Agreement as of the date first above written.

 

	 	LICENSOR:
	 	 
	 	BROOK WAREHOUSING CORP.
	 	 
	 	By:	/s/ Eleanor D. Marin                     9/9/21
	 	 	Name: 	Eleanor D. Marin
	 	 	Title: 	Vice President of Finance & Administration

	 	 	 	 
	 	LICENSEE:
	 	 
	 	1847 GOEDEKER INC.
	 	 
	 	By:	/s/ Jacob Guilhas
	 	 	Name: 	 Jacob Guilhas
	 	 	Title: 	 Vice President of Logistics

 

 

8

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