Document:

Exhibit 10.21

 

Commercial
Lease

 

THIS
LEASE, is made and entered into this 1st day of December, 2014, by and between PurRecycling Corporation d.b.a.
Terra Firma Recycling/Fund referred to herein as “Landlord”, and GrowGeneration (Pueblo) Corporation residing at 503
North Main Street #740 Pueblo, CO 81003 referred to herein as “Tenant”;

 

1.          Premises.
In consideration of the payment of the rent hereinafter provided for and the keeping and performance of the covenants and
agreements of the Tenant hereinafter set forth, the Landlord hereby leases unto the Tenant those premises located in Block 4 Collier’s
Subdivision approximately 13 Lots of Las Animas, State of Colorado, as generally shown on the site plan attached hereto as Exhibit
A and by this reference made part hereof (the “Premises”).

 

2.         Term.
Tenant may lease the Premises with all the appurtenances for a term of 37 months, commencing on December 1st, 2014
, and terminating on December 31st, 2017, unless the lease shall be sooner terminated as hereinafter provided. This
lease may be extended to Tenant for an additional three years starting on January 1st, 2018. Any extension or part
thereof will be subject to re-evaluation by Landlord.

 

3.         Rent.
Tenant shall pay to Landlord, as rent for the full term hereafter for the Premises, the sum of ($36,000.00). The monthly rental
amount of $1000.00 will be due and payable by January 1st, 2015 and by the 1st day of each calendar month
thereafter. Rent shall be payable in advance and without notice at the office of the Landlord at 2400 Nevada Avenue, Trinidad
Colorado 81082 (a.k.a. The Water Station) or at such other place as Landlord from time to time designates in writing. Notwithstanding
the foregoing, the first installment of rent payable hereunder shall be payable by Tenant concurrently with execution of this
Lease.

 

4.         Utility Charges. It is agreed that in addition to any other sums to be paid by Tenant, all assessments for water and septic
rents that may be levied against the leased Premises during the continuance of the Lease shall be paid by the Tenant, and that
all charges for heating, electrical, lighting, and telephone services or any other services contracted by Tenant to the Premises
shall be paid by the Tenant as the same become due and payable.

 

5.         Injury or Damage. Landlord shall not be responsible to the Tenant for loss of property in or from the Premises, or for
any damage done to furniture, fixtures or effects therein, however occurring, nor shall the Landlord be liable for any injury
or damage, either proximate or remote, occurring through or caused by any repairs, alterations, or accident occurring in or to
the Premises or adjacent premises, or other parts of the above Premises than herein demised, or by reason of the negligence or
default of the owners or occupants thereof, or any other person, nor liable for any injury or damage occasioned by defective electrical
wiring, loss of power, or the breakage or stoppage of the plumbing or sewerage upon the premises or upon adjacent premises, whether
such breakage or stoppage results from freezing or otherwise.

 

6.         Inspection. Landlord or its agents shall have the right at any time to enter the Premises by giving reasonable notice of
such to the Tenant to examine the same, or to make such repairs as it may deem necessary or proper for the safety, improvement,
or preservation thereof. The Landlord shall at all times have the right, at its election, to make such alterations of, changes
in, or additions to any adjoining buildings, if any, not leased to the Tenant, as may appear desirable to the Landlord, and to
demolish and/or dispose of the adjoining premises as it shall elect, at Landlord’s sole expense.

 

    

     

    

 

7.         Alterations. The Tenant shall not make any alterations in the Premises without the prior written consent of the Landlord,
which consent shall not be unreasonably withheld.

 

8.         Fixtures. Any alterations made in the building located on the Premises (the “Building”) by the Tenant and any
equipment or fixtures built into the Premises by the Tenant shall upon the termination of this Lease become the sole property
of the Landlord.

 

9.         Use.
It is understood and agreed that the only business to be conducted from the Premises shall be Sales of Garden and Grow
Supplies and Hydroponics. Tenant shall not use the Premises for any other purposes without the prior written consent of
Landlord. Tenant also agrees not to conduct or to permit to be conducted upon the Premises any business or any act which is
contrary to or in violation of the laws of the United States of America or of the State of Colorado County of Las Animas or
of any ordinances, regulations, or orders of the City of Trinidad or other public authority affecting the
Premises.

 

10.        Maintenance
and Repair. 

 

(a)        Tenant’s
Obligation to Maintain and Repair. Tenant covenants to maintain, repair, replace and keep all exterior signage, lighting fixtures
as well as the interior of the Building, and all improvements, fixtures and personal property therein, including, but not limited
to, all bay doors, all restrooms, and all plumbing, electrical, and mechanical systems and fixtures, in good, safe and sanitary
condition, order and repair and in accordance with all applicable laws, ordinances, orders, rules and regulations of governmental
authorities having jurisdiction; to pay all costs and expenses in connection therewith, including but not limited to the costs
of maintaining the Premises in compliance with the Americans with Disabilities Act of 1990, to the extent it applies to Tenants
occupying the Premises. All maintenance and repairs by Tenant shall be done promptly, in a good and workmanlike fashion, and without
diminishing the original quality of the Premises.

 

(b)        Landlord’s Obligation to Maintain and Repair. So long as Tenant is not in default under the terms of this Lease, Landlord covenants
and agrees to maintain, repair, replace and keep the exterior walls and roof of the Building (excluding glass, signage, bay doors,
and lighting), and the driveways and sidewalks located on the Premises, in good, safe and sanitary condition, order and repair
and in accordance with all applicable laws, ordinances. orders, rules and regulations of governmental authorities having jurisdiction;
to pay all costs and expenses in connection therewith.

 

(c)        No Abatement for Repairs. There shall be no allowance to Tenant for a diminution of rental value and no liability on the part
of Landlord, by reason or inconvenience, annoyance or injury to, or interruption of business, arising from Landlord, Tenant or
others making any repairs, restorations, replacements, alterations, additions or improvements in or to any portion of the Building
or the Premises, or in or to fixtures, appurtenances or equipment thereof.

 

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(d)        Electricians. Landlord will direct licensed electricians as to where and how telephone and telegraph wires are to be introduced.
No boring or cutting for wires will be allowed without the written consent of the Landlord. The location of telephones, call boxes,
and other office equipment affixed to the Premises shall be subject to the approval of Landlord

 

(e)        Landlord’s Consent Required. Tenant shall not sell, assign, mortgage, pledge, hypothecate, encumber, or otherwise transfer this
Lease or any interest therein, and shall not sublet the Premises or any part thereof, or suffer or permit the Premises or any
part thereof to be occupied by any third person (the agents, employees, invites, and customers of Tenant excepted), without the
prior written consent of Landlord in each instance and any attempt to do so without such consent shall be voidable and, at Landlord’s
election, shall constitute a non-curable default under this Lease. Subject to the terms and conditions of this lease.

 

11.       Landlord’s
Services. So long as Tenant is not in default under the terms of this Lease, Landlord shall furnish the following
services:

 

(a)       Subject
to Section 4 above, electricity, telephone and water connections to the Premises.

 

(b)       Sweeping
of any driveway (including snow and ice removal) located on the Premises during those times that similar services are provided
to the The Water Station property which is owned by Landlord, and which is adjacent to the Premises on the east (“Landlord’s
Adjacent Property”).

 

(c)        Forklift/Skidsteer services shall be provided by Landlord to Tenant for a fee of $150.00/month, which is included in the monthly
rent amount of $1000.00 for the purpose of unloading and loading material on an as needed basis at the leased and described property
herein. Such services will be limited to no more than 15 hours per month. Tenant agrees not to hold Landlord liable for any damage
or injury that may occur to any person or property while providing such service.

 

12.        Other
Covenants of Tenant. 

 

(a)        Compliance
with Insurance Requirements. Tenant covenants and agrees that nothing shall be done or kept on the Premises which might impair
or increase the cost of insurance maintained with respect to the Premises, which might increase the insured risks, or which might
result in cancellation of any such insurance.

 

(b)        No Waste or Impairment of Value. Tenant covenants and agrees that nothing shall be done or kept on the Premises which might impair
the value of the Premises or which would constitute waste

 

(c)        No
Nuisance Noxious or Offensive Activity. Tenant covenants and agrees that no noxious or offensive activity shall be carried on
upon the Premises nor shall anything be done or kept on the Premises which may be or may become a public or private nuisance
or which may cause embarrassment, disturbance, or annoyance to others on adjacent or nearby property.

 

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(d)        No Unsightliness. Tenant covenants and agrees that no unsightliness detected by Landlord shall be permitted on the Premises which
is visible from any adjacent or nearby property. Without limiting the generality of the foregoing, all unsightly conditions, equipment,
objects and conditions shall be kept enclosed within the Premises: no refuse, scrap, debris, garbage, trash, bulk materials, used
automobile parts, or waste shall be kept, stored or allowed to accumulate on or in the Premises. No storage of abandoned vehicles
shall be permitted on the Premises: and no vehicles shall remain parked on the Premises longer than that period of time which
is reasonably required to service or repair said vehicles, and in no event longer than seventy-two (72) hours.

 

(e)        Environmental
Compliance and Indemnity. Tenant covenants and agrees to conduct its business and operations on and from the Premises in
accordance with all federal, state and local environmental laws, regulations, executive orders, ordinances and directives
including, but not limited to, the Clean Air Act, Clean Water Act, Resource Conservation and Recovery Act, Toxic Substances
Control Act, and state law counterparts, and any amendments thereto, including, without limitation, the Colorado Hazardous
Waste Management Act, C.R.S. § 25-15-101 et seq, and not to cause, suffer or permit any damage or impairment to the
health, safety or comfort of any person or to the environment at or on the Premises and surrounding property, including, but
not limited to, damage or threatened damage to the soil, surface or ground water resources at the Premises and surrounding
property or any condition constituting a nuisance or causing a violation of or resulting in liability under any state,
federal or local law, regulation or ordinance. The foregoing obligations of Tenant shall hereinafter collectively be referred
to as the “Environmental Obligations.” In the event of any violation of, or failure to comply with, any of the
Environmental Obligations, Tenant agrees. at its sole cost and expense, promptly to remedy and correct such violation or
failure, including all required or appropriate clean up, clean up- related activities and all other appropriate remedial
action. Tenant covenants and agrees to protect, indemnify and save Landlord harmless from and against any and all liability,
obligations, claims, including administrative claims and claims for injunctive relief, loss, cost, damage, expense or
liability. including without limitation, any liability arising under the Comprehensive Environmental Response, Compensation
and Liability Act of 1980, as amended, plus reasonable attorney fees, incurred by or asserted against Landlord resulting from
any failure to comply with the provisions of this Sectionl2(e). Landlord shall have the right to defend itself in any action,
suit or proceeding commenced against Landlord as a result of Tenants violation of or failure to comply with the provision of
this Section 12(e), with attorneys and, as necessary, technical consultants chosen by Landlord, and Tenant agrees to pay to
Landlord all reasonable attorney fees, consultant fees, and other costs in connection therewith incurred by Landlord. The
provisions of this Section 12(e) shall survive the expiration or termination of this Lease.

 

(f)        Restrictions on Signs. Tenant covenants and agrees that signs and advertising devices of any nature shall be erected and maintained
by or on behalf of Tenant on the Premises such shall be (i) in compliance with all zoning or other applicable regulations of any
governmental body or authority having jurisdiction thereof, and (ii) approved in writing by Landlord and (iii) paid for by Tenant

 

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(g)        Taxes.

 

(i)        Tenant’s
Taxes. During the term of this Lease, Tenant shall pay in full, as and when the same become due and payable, all personal property
taxes levied on or with respect to Tenant’s personal property located in or used in connection with the Premises, and all sales,
use, and other taxes levied on or in connection with the operation of Tenant’s business in the Premises.

  

(ii)        Real Property Taxes. Real property taxes and assessments are payable with respect to the Premises for each lease year during the
term of this Lease shall be paid as follows:

 

	 	(A)	Additional
    Taxes levied against leased property because of business by the Tenant shall be paid to Landlord

 

	 	(B)	Property
    Taxes that are not additional taxes levied against leased property because of Business by the Tenant shall be paid by the
    Landlord

 

Tenant
shall pay its portion of such taxes and assessments to Landlord due immediately upon receipt.

 

13.      
Condition of the Premises. The taking of possession of the Premises by the Tenant shall be conclusive evidence as against
the Tenant that the Premises were in satisfactory condition when possession of the same was taken. Tenant shall be permitted to
make a final walk-through inspection of the Premises prior to its taking possession thereof.

 

14.      
Common Areas. Subject to the terms of this Lease, Tenant, and its employees. agents, guests and invitees, shall have a
non-exclusive right of ingress and egress to and from the Premises over and across that portion of the Landlord’s Adjacent Property
generally identified on Exhibit A as the “Common Areas.”

 

15.      
Parking. During the term of this Lease, Landlord shall provide to Tenant that number of parking spaces which are required
to be provided with respect to the Premises pursuant to the applicable zoning regulations of the County of Las Animas, Colorado,
Such parking spaces shall be for the non-exclusive use of Tenant and its employees, agents, guests and invitees and shall be located
within that portion of the Common Areas identified on Exhibit A as “Common Area Parking.” Landlord shall have the right
at any time to change the arrangement or location of, or to regulate the use of, the Common Area Parking areas without incurring
any liability to Tenant.

 

16.      
Condemnation. If the whole or a substantial part of the Premises leased by Tenant shall be taken for any public or quasi-public
use, under any statute or right of eminent domain or purchase by the governmental authority in lieu of or under threat of any
such taking, then, when possession shall be taken of the Premises, or any part thereof, the term herein demised and all rights
of the Tenant hereunder shall immediately cease and terminate, and the rent shall be adjusted as of the time of such termination.

 

17.       Insolvency.
It is further agreed between the parties hereto that if the Tenant shall be declared insolvent or bankrupt, or if any
assignment of the Tenant’s property shall be made for the benefit of creditors or otherwise, or if the
Tenant’s leasehold interest herein shall be levied upon under execution, or seized by virtue of any writ of any court
of law, or a Trustee in Bankruptcy or a receiver be appointed for the property of the Tenant, whether under the operation of
the state or the federal statutes, then and in any such case, the Landlord may at its option immediately, with or without
notice (notice being expressly waived). terminate this Lease and immediately retake possession of the Premises without the
same working any forfeiture of the obligations of the Tenant hereunder. Tenant will not allow leased property to be
encumbered by its actions.

 

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18.      
Tenant’s Default. The Tenant will observe and perform in all things the conditions and agreements herein set forth to be
observed and performed by the Tenant, and if default be made by the Tenant in payment of said rent, or in any installment or part
thereof, or if default in performance of other conditions and agreements be made by the Tenant, and such non-monetary default
shall continue for a period of ten days after written notice of such default be given by the Landlord to the Tenant, then in either
case, in addition to any other remedy Landlord may have against Tenant, it shall be lawful for the Landlord to terminate Tenant’s
right to possession under this Lease, and to re-enter and repossess the Premises, and to remove there from any personal property
belonging to the Tenant, without prejudice to any claim for rent or for the breach of covenants hereof.

 

19.      
Default by landlord. Landlord shall not be deemed to be in default in the performance of any obligation under this Lease
unless and until it has failed to perform such obligation within thirty (30) days after receipt of written notice by Tenant to
Landlord specifying such failure; provided, however, that if the nature of Landlord’s default is such that more than thirty (30)
days are required for its cure, then Landlord shall not be deemed to be in default if it commences such cure within the thirty
(30) day period and thereafter diligently prosecutes such cure to completion. Landlord for a default by Landlord of this Lease,
the judgment shall be satisfied only out of the interest of Landlord in the Building and neither Landlord nor any of its partners,
officers, employees, or agents shall be personally liable for any such default or for any deficiency.

 

20.      
Abandonment and/or Default. If the Tenant shall abandon or vacate the Premises before the end of the term of this Lease
or shall suffer the rent to be in arrears, or if Tenant is otherwise in default under this Lease, the Landlord may, at its option
and without notice. enter the Premises, remove any sign of the Tenant therefrom and re-let the same or any part thereof as it
may see fit without retaking, voiding, or terminating this Lease. and for the purpose of such re-letting, the Landlord is authorized
to make any repairs, changes, alterations, or additions in or to the Premises as may be necessary or desirable, in the opinion
of the Landlord, for the purpose of such re-letting, and, if a sum shall not be realized from such re-letting to equal the monthly
rental above stipulated to be paid by the Tenant, the Tenant will pay such deficiency each month upon demand therefor. Landlord
shall not be required to re-let the subject Premises in order for Tenant to be liable for continuing obligations under the Lease,
in the event that the Tenant violates any of the terms and conditions hereof.

 

21.      
Lien. The Landlord shall have at all times a valid lien for all rentals due hereunder from the Tenant upon all of the personal
property of the Tenant situate in the Premises, and said property shall not be removed therefrom without the consent of the Landlord
until all arrearages in rent shall have first been paid and discharged.

 

22.       Remedies
Cumulative. No reference to, nor exercise of any specific right or remedy by Landlord shall prejudice or
preclude Landlord from exercising or invoking any other remedy in respect thereof, whether allowed by law or in equity or
expressly provided for herein. No such remedy shall be exclusive or dependent upon any other such remedy, but Landlord may
from time to time exercise any one or more of such remedies independently or in combination.

 

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23.      
Condition of Premises at End of Term. The Tenant agrees to deliver up and surrender to the Landlord possession of the Premises
at the expiration or termination of this Lease, by lapse of time or otherwise, in as good repair as the Tenant obtained the same
at the commencement of said term, excepting only ordinary wear and tear.

 

24.      
Holding Over. It is mutually agreed that if, after the expiration of this Lease, the Tenant shall remain in possession
of the Premises, without a written agreement as to such holding; then such holding over shall be deemed and taken to be a holding
upon a tenancy from month to month at a monthly rental equal to the monthly rental last payable hereunder plus 100%, payable in
advance on the 1st day of each calendar month. Any month-to- month tenancy or tenancy at sufferance hereunder shall be subject
to all other terms and conditions of this Lease and nothing contained in this Section 24 shall be construed to alter or impair
any of Landlord’s rights of re-entry or eviction or constitute a waiver thereof. After six months. if no written consent
exists, Tenant agrees to vacate.

 

25.      
No Waiver. No waiver of any breach of any one or more of the conditions or covenants of the Lease by the Landlord shall
be deemed to imply or constitute a waiver of any succeeding or other breach hereunder. The failure of the Landlord to insist upon
the strict performance of the terms, covenants, agreements, and conditions herein contained, or any of them, shall not constitute
or be construed as a waiver or relinquishment of the Landlord’s right to thereafter enforce any such term, covenant, agreement,
or condition, but the same shall continue in full force and effect. The Tenant acknowledges and agrees that it has not relied
upon any statements, representations, agreement, or warranties, except such as are expressed herein.

 

26.      
Insurance.

 

During the term of this Lease, Tenant shall:

 

(a)        Be responsible for obtaining fire insurance in an amount mutually agreed upon between Landlord and Tenant sufficient to fully
cover Tenant’s and Landlord’s improvements, fixtures and property on the Premises.

 

(b)        Liability Insurance. Tenant shall at all times during the Term at its own cost and expense obtain and continue in force workers’
compensation insurance and bodily injury liability and property damage liability insurance adequate to protect Landlord against
liability for injury to or death of any person in connection with the activities of Tenant in, on or about the Premises or with
the use, operation, or condition of the Premises. Such insurance at all times shall be in an amount of not less than Two Million
Dollars ($2,000,000) for injuries to persons in one accident, not less than One Million Dollars (S1,000,000) for injury to any
one person and not less than Five Hundred Thousand Dollars ($500,000) with respect to damage to property. The limits of such insurance
shall not, however, limit the liability of Tenant hereunder. All public liability and property damage policies shall contain a
provision that Landlord is named as and additional insured on the policy.

 

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Policies
for such insurance shall be in a form and with an insurer reasonably acceptable to Landlord, shall require at least 15 days
written notice to Landlord of termination or material alteration during the term of this Lease, and shall waive any right of
subrogation against Landlord and all individuals and entities for whom Landlord is responsible in law. Tenant shall deliver
to Landlord, on the commencement date of the term of this Lease and on each anniversary thereof, certified copies or other
evidence of such policies. or other evidence satisfactory to Landlord that all premiums thereof have been paid and that the
policies are in full force and effect.

 

27.      
Successors. The covenants and agreements contained in the within Lease shall apply to, inure to the benefit of, and be
binding upon the parties hereto and upon their respective heirs, executors, administrators, successors, and assigns, except as
expressly otherwise hereinbefore provided.

 

28.       
General Provisions:

 

(a)       
Attorney Fees. In the event of a default by either party under the terms of this Lease, then the non-defaulting party shall be
entitled to reimbursement of all reasonable costs incurred in efforts to enforce the terms of this Lease and/or collect monies
owed under the Lease, including but not limited to the non-defaulting party’s reasonable attorney fees. Both Landlord and
Tenant agree that venue shall rest in Las Animas County, State of Colorado.

 

(b)       
Late Charges. In the event Tenant fails to timely pay any installment of monies as required under this Lease, then and in such
event Landlord shall be entitled to collect a late fee of five percent (5%) of any such installment not paid within five days
of the due date.

 

(c)       
Brokerage Fees. Landlord shall have no liability for any brokerage or finder’s fees as a result of entering into this Lease.

 

(d)       
Deposit. A damage deposit of $1000.00 is payable to Landlord by Tenant upon execution of this lease to be held without accruing
interest, at Landlord’s option in a separate account or commingled with other funds. If Tenant fails to comply with the provisions
hereof, such deposit shall be retained by Landlord in payment for its expenses or damages, but such retention shall not limit
or preclude Landlord’s right of action for damages or other remedies for breach of the provisions of this Lease.

 

(e)       
Guarantee. GrowGeneration (Pueblo) Corporation will guarantee the performance of Tenant’s covenants and adhere to this lease.

 

(f)       
Time of the Essence. The parties hereto agree that time is of the essence of this Lease.

 

29.       Landlord’s
Assignment. Landlord may. without notice. assign this Lease in whole or in part. Any such assignment shall operate to release
Landlord from liability from and after the effective date thereof upon all of the covenants, terms and conditions of this lease,
express or implied, and Tenant shall thereafter look solely to Landlord’s successor in interest in and to this Lease. This
Lease shall not be affected by any such assignment.

 

30.       Estoppel. Tenant shall, at any time and from time to time, upon not less than ten (10) days’ prior notice from Landlord,
execute, acknowledge and deliver a written statement ratifying this Lease and certifying any information concerning Tenant’s
lease and occupancy of the Premises reasonably required by Landlord.

 

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31.      Payment of Rent. In General all amounts payable by Tenant to Landlord under this Lease shall be deemed to be rent and shall
be payable and recoverable as rent in the manner herein provided, and Landlord shall have all rights against Tenant for default
in any such payment as in the case of arrears of rent.

 

32.      Representation. If Tenant is a corporation, each individual executing this Lease on behalf of Tenant represents and warrants
that Tenant is qualified to do business in Colorado and that such individual is duly authorized to execute and deliver this Lease
on behalf of Tenant and shall deliver appropriate certification to that effect if requested.

 

33.      Feasibility of Location. Tenant acknowledges that tenant has made its own independent investigation and evaluation of the
feasibility of the location of the premises and the building for the operation of tenant’s business. tenant further acknowledges
that, in executing this lease, tenant is not in any way relying upon any statements or representations by landlord, or by landlord’s
agents, representatives, or employees, concerning possible volume of business, traffic in the building, future expansion or changes
in the configuration of the building or the building’s common areas, future tenants in the building, or any other matters
or commitments relating to the premises or the building which are not specifically described in this lease.

 

34.      Execution by Landlord. The submission of this document for examination and negotiation does not constitute an offer to
lease, or a reservation of, or option for, the Premises. This document becomes effective and binding only upon execution and delivery
hereof by Tenant and by Landlord. No act or omission of any employee or agent of Landlord or of Landlord’s broker shall
alter, change or modify any of the provisions hereof.

 

35.      Entire Agreement. This Lease, together with its exhibits (all of which are incorporated herein by this reference), contains
all of the agreements of the parties hereto and supersedes any previous negotiations. There have been no representations made
by the Landlord or understandings made between the parties other than those set forth in this Lease and its exhibits. This Lease
may not be modified except by a written instrument duly executed by the parties hereto.

 

IN
WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals the day and year first above written.

 

LANDLORD-
                                         Terra Firma Recycling Corporation/Fund:

 

	By:	/s/ Kelli Vanmatre	 	 
	It’s:	President /Executive Director	 	
	 	Kelli Vanmatre	 	Date: 10/15/14

 

TENANT-
GrowGeneration (Pueblo) Corporation:

 

	By:	/s/ Darren Lampert	 	 
	It’s:	 	 	
	 	Darren Lampert	 	Date:  10/15/14

 

 

9Exhibit 10.22

 

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Property Address: 353 College Avenue Santa Rosa, CA 94501

 

		9.	INDEMNIFICATION
                                         OF LESSOR. Lessor will not be liable for any damage or injury to Lessee, or any other
                                         person, or to any property, occurring on the premises. Lessee agrees to hold Lessor harmless
                                         from arty claims for damages arising out of Lessee's use of the premises, and to indemnify
                                         Lessor far any expense incurred by Lessor in defending any such claims.
	 	 	 
		10.	POSSESSION.
                                         If Lessor is unable so deliver possession of the premises at the commencement date set
                                         forth above, Lessor will not be liable for any damage caused by the delay, nor will this
                                         Lease be void or voidable, but Lessee will not be liable for any rent until possession
                                         is delivered. Lessee may terminate this Lease if possession is not delivered within na
                                         days of the commencement terns item 1.
	 	 	 
		11.	LESSEE'S
                                         INSURANCE. Lessee, at his or her expense, will maintain plate glass, public liability,
                                         and property damage Insurance insuring Lessee and Lessor with minimum coverage as follows: $1,000
                                         000 per occurrence Lessee will provide Lessor with a Certificate of Insurance showing
                                         lessor as additional insured. The policy will require ten (10) day's written notice to
                                         lessor prior to cancellation or material change of coverage.
	 	 	 
		12.	LESSOR'S
                                         INSURANCE. Lessor will maintain hazard insurance covering one hundred percent (100%)
                                         actual cash value of the improvements throughout the Lease term. Lessor's insurance will
                                         not insure Lessee's personal property, leasehold improvements, or trade fixtures.
	 	 	 
		13.	SUBROGATION.
                                         To the maximum extent permitted by insurance policies which may be owned by the parties,
                                         Lessor and Lessee waive any and all rights of subrogation against each other which might
                                         otherwise exist.
	 	 	 
		14.	UTILITIES.
                                         Lessee agrees that he or she will be responsible for the payment of all utilities,
                                         including water, gas, electricity, heat and other services delivered to the premises,
                                         except:__________________________________
	 	 	 
		15.	SIGNS.
                                         Lessee will not place, maintain, nor permit any sign or awning on any exterior door,
                                         wail, or window of the premises without the express written consent of Lessor, which
                                         will not be unreasonably withheld, and of appropriate governmental authorities.
	 	 	 
		16.	ABANDONMENT
                                         OF PREMISES. Lessee will not vacate or abandon the premises at anytime during the
                                         term of this Lease. If Lessee does abandon or vacate the premises, or is dispossessed
                                         by process of law, or otherwise, any personal property belonging to Lessee left on the
                                         premises will be deemed to be abandoned, at the option of Lessor.
	 	 	 
		17.	CONDEMNATION.
                                         If any part of the premises is condemned for public use, and a part remains which
                                         is susceptible of occupation by Lessee, this Lease will, as to the part taken, terminate
                                         as of the date the condemnor acquires possession. Lessee will be required to pay such
                                         proportion of the rent for the remaining term as the value of the premises remaining
                                         bears to the total value of the premises at the date elf condemnation; provided, however,
                                         that either party may, at his or her option, terminate this lease as of the date the
                                         condemnor acquires possession. In the event that the premises are condemned in whole,
                                         or the remainder is not susceptible for use by the Lessee, this Lease will terminate
                                         upon the date which the condemnor acquires possession. All sums which may be payable
                                         on account of arty condemnation will belong solely to the Lessor; except that Lessee
                                         will be entitled to retain any amount awarded to him or her for his or her trade fixtures
                                         arid moving expenses.
	 	 	 
		l8.	TRADE
                                         FIXTURES. Any and all improvements made to the premises during the term will belong
                                         to the Lessor, except trade fixtures of the Lessee. Lessee may, upon termination, remove
                                         all his or her trade fixtures, but will pay for all costs necessary to repair any damage
                                         to the premises occasioned by the removal.
	 	 	 
		19.	DESTRUCTION
                                         OF PREMISES. In the event of a partial destruction of the premises during the term,
                                         from any cause except act4. qr omission of Lessee, Lessor will promptly repair
                                         the premises, provided that such repairs can be reasonably made within sixty (60) days.
                                         Such partial destruction will not terminate this Lease, except that Lessee will be entitled
                                         to a proportionate reduction of rent which such repairs are being made, based upon the
                                         extent to which the making of such repairs interferes with the business of Lessee on
                                         the premises. If the repairs cannot be made within sixty (6) days, this Lease may be
                                         terminated at the option of either party by giving written notice to the other party
                                         within the sixty (60) day period.
	 	 	 
		20.	HAZARDOUS
                                         MATERIALS. Lessee will not use, store, or dispose of any hazardous substances upon
                                         the premises, except the use and storage of such substances that are customarily used
                                         in Lessee's business, and are in compliance with all environmental laws. Hazardous substances
                                         means any hazardous waste, substance or toxic materials regulated under any environmental
                                         laws or regulations applicable to the property. Lessee will be responsible for the cost
                                         of removal of any toxic contamination cause by Lessee's use of the premises.
	 	 	 
		21.	INSOLVENCY.
                                         The appointment of a receiver, an assignment for the benefits of creditors, or the
                                         filing of a petition in bankruptcy by or against Lessee, will constitute a breach of
                                         this Lease by Lessee.
	 	 	 
		22.	DEFAULT.
                                         In the event of any breach of this Lease by Lessee, Lessor may, at his or her option,
                                         terminate the Lease and recover from Lessee: (a) the worth at the time of award of the
                                         unpaid rent which had been earned at the time of termination; (b) the worth at the time
                                         of award of the amount by which the unpaid rent which would have been earned after termination
                                         until the time of the award exceeds the amount of such rental loss that the Lessee proves
                                         could have been reasonably avoided; (c) the worth at the time of award of the amount
                                         by which the unpaid rent for the balance of the term after the time of award exceeds
                                         the amount of such rental loss that the Lessee proves could be reasonably avoided; and
                                         (d) any other amount necessary to compensate Lessor for all the detriment proximately
                                         caused by the Lessee's failure to perform his or her obligations under the Lease or which
                                         in the Ordinary course of things would be likely to result therefrom, including, but
                                         not limited to, that portion of any leasing commission paid by Lessor and applicable
                                         to the unexpired term of the lease.
	 	 	 
	 	 	Lessor
                                         may, in the alternative, continue this Lease in effect, as long as Lessor does not terminate
                                         Lessee's right to possession, and Lessor may enforce all of Lessor's rights anti remedies
                                         under the Lease, including the right to recover the rent as it becomes due under the
                                         Lease. If said breach of Lease continues, Lessor may, at any lime thereafter, elect to
                                         terminate the Lease.

 

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Property Address: 353 College Avenue Santa Rosa, CA 94501

 

These
provisions will not limit any other rights or remedies which Lessor may have.

 

	 	23.	SECURITY.
    The security deposit will secure the performance of the Lessees obligations. Lessor may, but will not be obligated to,
    apply all or portions of the deposit on account of Lessee's obligations. Any balance remaining upon termination will be returned
    to Lessee. Lessee will not have the right to apply the security deposit in payment of the last month's rent.
	 	 	 
	 	24.	DEPOSIT
    REFUNDS. The balance of all deposits will be refunded within thirty (30) days (or as otherwise required by law), from
    date possession is delivered to Lessor or his or her authorized agent, together with a statement showing any charges made
    against the deposits by Lessor.
	 	 	 
	 	25.	ATTORNEY
    FEES. in any action, arbitration, or other proceeding involving a dispute between Lessor and Lessee arising out of this
    Lease, the prevailing party will be entitled to a reasonable attorney fee, expert witness fees, and costs.
	 	 	 
	 	26.	WAIVER.
    No failure of Lessor to enforce any term of this Lease will be deemed to be a waive:.
	 	 	 
	 	27.	NOTICES.
    Any notice which either party may or is required to give, will be given by mailing the notice, postage prepaid,
    to Lessee at the premises, or to Lesser at the address shown in Item 2, or at such other places as may be designated in writing
    by the parties from time to time. Notice will be effective five (5) days after mailing, or on personal delivery, or when receipt
    is acknowledged in writing.
	 	 	 
	 	28.	HOLDING
    OVER. Any holding over after the expiration of the Lease, with the consent of Owner, will be a month-to-month tenancy
    at a monthly rent equal to the preceding month's rent plus 12 percent payable in advance and otherwise subject to the
    terms of this Lease, as applicable, until either party terminates the tenancy by giving the other party thirty (30) days written
    notice.
	 	 	 
	 	29.	TIME.
    Time is of the essence of this Lease.
	 	 	 
	 	30.	HEIRS,
    ASSIGNS, SUCCESSORS. This lease is binding upon arid inures to the benefit of the heirs, assigns, and successors of the
    parties.
	 	 	 
	 	31.	OPTION
    TO RENEW. Provided that Lessee is not in default in the performance of this Lease, Lessee wilt have the option to renew
    the Lease for an additional term of  24  months commencing at the expiration of the initial Lease term. All of
    the terms and conditions of the Lease will apply during the renewal term in accordance with the cost of living increase provision
    set forth in item 2. The option will be exercised by written notice given to lessor not less than 90 days
    prior to the expiration of the initial Lease term. If notice is not given within the time specified, this Option will expire.
	 	 	 
	 	32.	AMERICANS
    WITH DISABILITIES ACT. The parties are alerted to the existence of the Americans with Disabilities Act, which may require
    costly structural modifications. The parties are advised to consult with a professional familiar with the requirements of
    the Act.
	 	 	 
	 	33.	LESSOR'S
    LIABILTY. in the event of a transfer of Lessor's title or interest to the property during the term of this Lease, Lessee
    agrees that the grantee of such title or interest will be substituted as the Lessor under this Lease, and the original Lessor
    will be released of all further liability; provided, that all deposits will be transferred to the grantee.
	 	 	 
	 	34.	ESTOPPEL
    CERTIFICATE.

 

		a.	On
                                         ten (10) days' prior written notice from Lessor, Lessee will execute, acknowledge, and
                                         delivery to Lessor a statement in writing: [1] certifying that this Lease is unmodified
                                         and in full force and effect (or; if modified, stating the nature of such modifications
                                         and certifying that this Lease, as so modified, is in full force and effect), the amount
                                         of any security deposit, and the date to which the rent and other charges are paid in
                                         advance, if any; and [2] acknowledging that there are not, to Lessee's knowledge, any
                                         uncured defaults on the part of Lessor, or specifying such defaults if any arc claimed.
                                         Any such statement may be conclusively relied upon by any prospective buyer or encumbrancer
                                         of the premises.
	 	 	 
		b.	At
                                         Lessor's option, Lessee's failure to deliver such statement with such time will be a
                                         material breach of this Lease or wit be conclusive upon Lessee: [1] that this Lease is
                                         in full force and effect, without modification except as may be represented by Lessor;
                                         [2] that there are no uncured defaults in Lessor's performance; and [3] that not more
                                         than one month's rent has been paid in advance.
	 	 	 
		c.	If
                                         Lessor desires to finance, refinance, or sell the premises, or any part thereof, Lessee
                                         agrees to deliver to any lender or buyer designated by Lessor such financial statements
                                         of Lessee as may be reasonably required by such lender or buyer. All financial statements
                                         will be received by the Lessor or the lender or buyer in confidence and will be used
                                         only for the purposes set forth.

 

	 	35.	SUBORDINATION.
    This Lease, at Lessor's oration, will be subordinate to any mortgage, deed of trust, or other security now existing or
    later placed upon the property provided, however, that Lessee's right to quiet possession will not be disturbed if LesSee
    IS riot in default on the payment of rent or other provision of this lease.
	 	 	 
	 	36.	ENTIRE
    AGREEMENT. The foregoing constitutes the entire agreement between the parties anti may be modified only in wiring signed
    by all parties. The following exhibits are a part of this Lease:

 

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