Document:

Exhibit 10.3

 

LICENSE
AGREEMENT

 

THIS
LICENSE AGREEMENT (“Agreement”) is made and entered into as of this       day of
November 2014, between kathy ireland Worldwide, Inc., a California corporation (“Licensor”), and NuGene Inc
(“Licensee”), as follows:

 

WITNESSETH:

 

WHEREAS,
Ms. Kathy Ireland (“Ms. Ireland”)
is an internationally famous woman and designer with a highly favorable public image and strong brand identity; and a strong portfolio
of multiple brands and ambassadors, also with a highly favorable public image and strong brand identity.

 

WHEREAS,
Licensor has the right and authority to license certain registered trademarks and rights to the name, likeness, and visual representation
of Ms. Ireland and such name, likeness, and visual representation being well known and recognized by the general public and associated
in the public mind with Licensor.

 

WHEREAS,
Licensor is the owner, by assignment, of the name, nick name, image, likeness, initials, mark, appearance, signature (including
reproduced signature), autograph, endorsement, voice, and biographical material (including history, video and motion picture film
portrayals, and still photography), Internet domain names and online social media user/screen names of Ms. Ireland and has developed
and used intellectual property (collectively, the “Ireland
IP’’) and is engaged in the licensing of the property identified in the attached Exhibit
A (hereinafter, with the Ireland IP, collectively referred to as the “Licensed
Marks”);

 

WHEREAS,
Licensee is a manufacturer and seller of Cosmeceuticals and other age defying products with biologically active or biologically
derived ingredients and desires to use the Licensed Marks, as specifically defined in Paragraph 1.1 below, in connection with the
manufacture, sale, and distribution of the Licensed Products, as specifically defined in Paragraph 1.6 below, subject to the terms
and conditions provided herein; and

 

WHEREAS,
in addition to agreeing to Licensee’s use of the Licensed Marks, Licensor wishes to cooperate with Licensee in order to develop,
promote, and expand recognition of the Licensed Marks image for the mutual benefit of Licensor, Licensee, and Licensee’s
customers;

 

WHEREAS,
Licensee agrees to fully comply with kiWW Human Rights –  Code of Conduct, EXHIBIT
C and,

 

NOW,
THEREFORE, in consideration of the mutual promises herein contained, it is hereby agreed:

 

1.     DEFINITIONS

 

		1.1	The term “Brand”
shall mean the Licensed Products offered under the Licensed Marks.

 

		1.2	The
                                         term “Allowance” or “Allowances” shall mean any
                                         reductions in the wholesale sales price of any Licensed Product by promotional off-invoice
                                         amounts or accruals which are directly reflected in Licensee’s written vendor agreement(s)
                                         with the specific retailer customer to which the Allowance applies.

 

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		1.3	The term “kathy ireland Worldwide Corporate Headquarters”
shall mean Rancho Mirage, California, 92270.

 

		1.4	The term “Channels
of Distribution” shall mean only those channels, which are listed on Exhibit B attached hereto and incorporated
by reference herein. Exhibit B may only be modified, supplemented, and/or amended by written agreement of the Parties as provided
herein.

 

		1.5	The term “Licensed
Marks” shall mean only those of Kathy Ireland’s name, likeness, visual representation and/or each of the
individual components thereof, and those trademarks, service marks, logos, designs, and/or any other symbols/devices, which are
set forth in Exhibit A attached hereto and incorporated by reference herein.

 

		1.6	The term “Licensed
Products” shall mean only those items, which are listed in Exhibit B attached hereto. Exhibit B may be modified,
supplemented, and/or amended solely by written agreement of the Parties as provided herein.

 

		1.7	The
                                         term “Manufacturing Territory” shall mean all countries worldwide
                                         other than Russia.

 

		1.8	The term ‘Territory”
shall mean the United States of America,, Canada and all other countries worldwide, other than Russia which is specifically
excluded.

 

		1.9	The
                                         term “Net Sales” shall mean the gross invoice amount billed (exclusive
                                         of any and all sales, Value Added Tax (“VAT”), Handling charges and
                                         restocking fees, excise, local privilege or any other taxes collected from customers
                                         and owed or actually paid by Licensee to any government entity and exclusive of any and
                                         all shipping and handling charges, in all cases) to customers purchasing or receiving
                                         Licensed Products from Licensee, less Allowances, and less Trade Discounts for Licensed
                                         Products given to wholesale customers actually shown on the invoices and actually given
                                         to the customers (except cash discounts, which are not deductible in the calculation
                                         of Royalty) and, further, less any bona fide Returns, not to exceed 2.5% of gross receipts
                                         per annum and actually made or allowed, or credits actually issued in lieu of Returns
                                         of the Licensed Products, as supported by credit memoranda actually issued to wholesale
                                         customers (subject to the pricing provisions of Section 5.1). No other costs incurred
                                         in the manufacturing, selling, advertising, and/or distribution of the Licensed Products
                                         shall be deducted

 

		1.10	The term “Parties”
and/or “Party” shall
mean Licensor and/or Licensee.

 

		1.11	The term “Returns”
shall mean any Licensed Product, which Licensee accepts back from any customer after purchase and delivery thereof and for which
Licensee refunds the actual purchase price, or issues a credit memo.

 

		1.12	The term “Termination
Date” shall mean the date, whichever is earliest, that (i) this Agreement (subject to any renewals or extensions)
expires by its own terms; (ii) is thirty (30) days after receipt of notice of termination under Section 22; or (iii) any other
event occurs which terminates this Agreement where no notice is required.

 

		1.13	The
                                         term “Trade Discounts” shall mean any reductions or charge backs in
                                         the wholesale sales price of any Licensed Product, and actually granted by Licensee in
                                         writing to any customer prior to delivery.

 

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		1.14	The term “Initial
Term” shall mean Contract Year 1 through Contract Year 8 plus any extensions, renewals of this Agreement or written
modifications thereof.

 

		1.15	The term “Contract
Year 1” shall mean the period of time from the Effective Date, defined to mean the date on which both Parties
have executed this Agreement, through and including December 31, 2015.

 

		1.16	The term “Contract
Year 2” shall mean the period of time from January 1, 2016 through and including December 31, 2016.

 

		1.17	The term “Contract
Year 3” shall mean the period of time from January 1, 2017 through and including December 31, 2017.

 

		1.18	The term “Contract
Year 4” shall mean that period of time from January 1, 2018 through and including December 31, 2018 and Contract
Years 5 through 8 shall mean the calendar years ending through December 31, 2019, 2020, 2021 and 2022, respectively.

 

		1.19	The term “Royalty”
                                                                                                                    or “Royalties”
                                                                                                                    shall have that meaning set out in Paragraph 5.1 below.

 

		1.20	The term “Term”
shall mean the Initial Term plus any extensions, renewals of this Agreement or modifications thereof.

 

		1.21	The term “Minimum
                                         Royalty Guarantee” shall have the meaning set forth in Paragraph 5.8
                                         below.

 

		1.22	The term “Minimum
Net Sales” shall have that meaning set forth in Paragraph 3.7 below.

 

		1.23	The term “Business
Plan” shall mean a merchandise strategy and business plan for the Brand, including any supporting brands set
forth in Exhibit A.

 

2.     GRANT
OF LICENSE

 

		2.1	Upon the terms and conditions set forth herein, Licensor
hereby grants to Licensee the exclusive, non-transferable right, license, and privilege, and Licensee hereby accepts the exclusive,
non-transferable right, license, and privilege, of using the Licensed Marks for the sale, marketing and distribution of the Licensed
Products through the Channels of Distribution in the Territory during the Term (with the exceptions as stated on Exhibit B), and
the non-exclusive, non-transferable right, license, and privilege of using the Licensed Marks in connection with the manufacture
of Licensed Products in the Manufacturing Territory.

 

		2.2	Licensee agrees that it will not distribute or sell, nor
authorize anyone else to distribute or sell, the Licensed Products bearing the Licensed Marks outside of the Territory or the
Channels of Distribution, and that it will not knowingly sell Licensed Products bearing the Licensed Marks to persons who intend
to distribute or sell the Licensed Products outside of the Territory or the Channels of Distribution.

 

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		2.3	During the Term, Licensor agrees that it will not authorize
others to distribute or sell the Licensed Products bearing the Licensed Marks in the Channels of Distribution in the Territory.
Licensee acknowledges that Licensor may continue to license the Licensed Marks and related marks to others to develop and promote
other lines apart from and not competitive with the Licensed Products in the Channels of Distribution in the Territory during
the Term. Notwithstanding the foregoing the parties acknowledge that Licensee may be able to utilize established, reputable and
regional distributors in foreign countries to promote the marketing, sale and distribution of Licensed Products and enhancement
of the Brand.

 

		2.4	All proposed Channels of Distribution and distribution
outlets not approved in Exhibit B shall be submitted in advance to Licensor and shall be subject to Licensor’s prior written
approval, which approval shall not be unreasonably withheld.

 

		2.5	Licensee may not assign or sub-license the use of the Licensed
Marks to any third party without prior written approval by Licensor, and such right is expressly withheld from this Agreement.
In the event that Licensor approves a sub-license to a third party, the Parties shall mutually agree upon the terms and conditions
of said sub-license, including without limitation the minimum royalty guarantee and royalty rate, in a separate writing signed
by the Parties.

 

		2.6	Licensee currently
                                         uses sub-contractors or other fulfillment houses to manufacture, make compounds and/or
                                         package its current products and intends to continue using such subcontractors and fulfillment
                                         houses for Licensed Products, however, such products shall only be for sale to Licensee
                                         or Licensee’s customers as sub-contractor of Licensee. By executing this Agreement
                                         Licensor shall be deemed to have approved all current sub-contractors of Licensee, provided
                                         however, that any selection of new sub-contractors must be approved by Licensor in writing
                                         (including being audited for compliance with local laws and the Approved Code of Conduct,
                                         if reasonably required by Licensor to do so, such audit results being satisfactory to
                                         Licensor in its sole discretion), must agree to be bound by the same terms and conditions
                                         as is Licensee under this Agreement, and Licensee must execute a Sub-Contractor Agreement,
                                         and provide to Licensor. Licensee will ensure that any sub-contractors will comply with
                                         all local laws regarding compensation, workplace conditions and worker ages. Licensee
                                         shall use its reasonable commercial efforts to allow Licensor or any third party auditors
                                         designated by Licensor to have reasonable access to sub-contractors’ production
                                         facilities. Further, Licensee will, and will endeavor to have its sub-contractors to,
                                         in good faith comply in all material respects to the standards of Licensor’s code
                                         of conduct or any other specific reasonable code of conduct adopted by Licensor from
                                         time to time that are also consistent with local law and practice. Licensor may withdraw
                                         its consent and approval of any sub-contractor at any time at the sole discretion of
                                         Licensor, for good cause reasonably applied and upon reasonable notice so as to allow
                                         Licensee reasonable opportunities to secure alternates under conditions that will not
                                         disrupt operations of Licensee. Licensor’s approved code of conduct is attached
                                         as Exhibit C and incorporated by reference herein (the “Approved Code”).
                                         If Licensee or any of its sub-contractors are not in material compliance with local laws
                                         or the Approved Code, Licensor, in its sole discretion, may terminate this Agreement
                                         after written notice and an opportunity to cure any such lack of compliance of not less
                                         than thirty days. Notwithstanding the foregoing, nothing herein set forth shall apply
                                         to general suppliers of commodities or vendors of ingredients and other goods that are
                                         generally “off the shelf”. A list of Licensee’s principal suppliers shall
                                         be attached to this Agreement within two business days from the date on which all Parties
                                         have executed it as Exhibit H and as of the Commencement Date are deemed approved.

 

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		2.7	The name and address of any manufacturer or sub-contractor,
other than Licensee, chosen to manufacture the Licensed Products as permitted under this Agreement and all items related thereto,
including without limitation labels, hang tags, and packaging, shall be disclosed to Licensor and approved by Licensor in writing
prior to production of the Licensed Products and items related thereto, which approval shall not be unreasonably withheld and
provided that such approvals or disapprovals shall be delivered to Licensee within five (5) business days following receipt by
Licensor of any such written request that should be sent to the attention of Stephen Roseberry, and or such other person or persons
as may be designated from time to time by Licensor, and if not so delivered shall be deemed approved. The Parties further agree
to have meaningful consultation prior to the selection and use of any new sub-contractors, vendors, and/or manufacturers. Licensor’s
approval of sub-contractors proposed by Licensee shall be in the sole discretion of the Licensor reasonably applied. Notwithstanding
the foregoing, these conditions do not apply to product formulations. Newly developed products by Licensee shall be mutually agreed
upon in advance of adding that product to the line of Licensed Products. Licensor shall not unreasonably withhold such approval
and if disapproved by Licensor, Licensee may market such new product provided that none of the Licensed Marks appear on that new
product.

 

		2.8	During the life of this Agreement, Licensee will not sell
or distribute products that directly compete with the Licensed Products unless mutually agreed upon in writing by both Parties,
and provided that Licensor shall be allowed a right of first refusal to include within Licensed Products any new or other products
developed by Licensee over or during the Term.

 

		2.9	Licensee will not be permitted to enter into any other
branded relationship that competes with Licensor’s Branded program under this Agreement without the written approval of
Licensor. If Licensor grants such approval, the product assortment for such other relationship will not exceed the volume of Licensor’s
Branded program. By way of example, however in no way comprehensive, competitive brands are Trina Turk, Martha Stewart, Jessica
Simpson and similar fashion and lifestyle type brands. In addition, Licensee will not create any branded products itself (i.e.,
in-house) that competes with the Licensor’s branded program. Licensor acknowledges that Licensee currently also markets
certain other goods and products through a separate division or subsidiary of a pharmaceutical grade used or intended primarily
for treatment of disease or a disease condition and which may require approval from the United States Food and Drug Administration
and any of such products, not bearing Licensed Marks may be sold through physicians and over the counter and are excluded from
these or any other limitations that may be herein set forth.

 

3.     BRAND
DEVELOPMENT

 

		3.1	Licensee will utilize commercially reasonable efforts to
conduct market research and design support and to develop a merchandise strategy and business plan for the Brand. Licensee shall
submit the Business Plan to Licensor for its review and approval within ninety (90) days of the Effective Date of this Agreement.
The Parties shall work in good faith to craft a Business Plan that shall best promote and benefit the Brand.

 

		3.2	Licensee will develop a long term strategic plan for major launch(es) of the Brand in the
                                                                              Channels of Distribution and Territory which shall be subject to the approval of the Licensor, such approval not to be
                                                                              unreasonably withheld (the “Launch Plan”). If Licensee has not launched any Licensed Product into any
                                                                              Channels of Distribution under the Brand by April 15, 2015, Licensor may give written notice of its intent to terminate this
                                                                              Agreement (the “Cure Notice”), following receipt of which Licensee shall be allowed an opportunity to cure this
                                                                              failure, and Licensee’s failure to launch within thirty (30) days following delivery of the Cure Notice shall cause a
                                                                              termination of this Agreement. The international segment of the Launch Plan will identify a new region or country within the
                                                                              Territory(ies) for distribution Licensed Products six (6) months (identification period) from the initial domestic launch
                                                                              date of April 15, 2015. Licensee will have eighteen (18) months to effect each launch into a new region or country within the
                                                                              Territory from the end of the identification period for each region or county within the Territory. Following each such 18
                                                                              month roll out period, Licensee shall be permitted a further six months to identify new region or country within the
                                                                              Territory, and upon such identification, Licensee shall be permitted 18 months to effect this new launch. Licensee shall
                                                                              continue this rollout for each new region or country within the Territory during the Term of this Agreement..

 

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		3.3	Licensee will begin shipping of Licensed Products prior
to April 15, 2015.

 

		3.4	Licensee will utilize commercially reasonable efforts to
cooperate with Licensor to develop cross merchandising strategies with other licensees of Licensor to capitalize on the success
of the Licensed Marks and the Ireland IP.

 

		3.5	Licensee will utilize commercially reasonable efforts to
develop a strategic four year sales growth plan to reach or exceed the forecasted minimum net sales goals set forth in paragraph
3.7 below

 

		3.6	Licensee agrees that all designs, images, sketches and
names of Licensor and those which may be created by Licensor as a result of this Agreement for use on Licensed Marks proprietary
to Licensor, and to the extent Licensee has any rights in such materials including all intellectual property in connection therewith,
Licensee agrees to assign and does hereby assign to Licensor (or any person or entity designated by Licensor) all of its right,
title and interest in and to such intellectual property. Except as so indicated nothing herein set forth shall be deemed to transfer
or to grant any property interest in any trade designs, sketches, images, products, compounds, manufacturing processes, or other
interests of Licensee independent of the Licensed Marks and Ireland IP to any of the products that Licensee markets or that it
may in the future market, Licensor’s rights being limited to its Licensed Marks hereunder, and the Ireland IP.

 

		3.7	Licensee will make commercially reasonable efforts to meet
the following minimum totals of Net Sales of Licensed Products for the specified periods:

 

	Period	 	Forecasted Minimum Net Sales	 
	Contract Year 1	 	$	1,500,000.00	 
	 	 	 	 	 
	Contract Year 2	 	$	2,500,000.00	 
	 	 	 	 	 
	Contract Year 3	 	$	3,750,000.00	 
	 	 	 	 	 
	Contract Year 4	 	$	5,000,000.00	 

 

		3.8	Notwithstanding anything herein to the contrary, should
Licensee fail to meet the Minimum Net Sales in any given Contract Year, Licensee, shall nevertheless pay the minimum royalty required
for that Contract Year.

 

		3.9	Licensee will endeavor promptly to provide to Licensor
any material trend or forecast or other industry information it obtains of a nature that may be requested by Licensor from time
to time.

 

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		3.10	Licensee upon written request from Licensor agrees to become
a member of Send Out Cards within 30 days of receipt thereof. Licensee will use Send Out Cards, or a comparable service, as a marketing
tool to help communicate our Partnership and promote sales.

 

		3.11	Licensee agrees to become a member and utilize salesforce.com
or any similar web platform as may be utilized by Licensor from time to time as a means of conducting Brand business and coordinating
with Licensor and other licensees.

 

		3.12	Licensed Products bearing the “kathy ireland”
mark may not be sold in the home improvement, drugstore, or food and grocery Channels of Distribution.

 

4     TERMS

 

		4.1	The term of the license hereby granted shall commence effective
the date on which both Parties have executed this Agreement (the “Effective Date”) and shall be effective through
the end of the Initial Term, unless terminated sooner in accordance with the provisions hereof.

 

		4.2	Licensee shall have an option to renew this Agreement for
an additional term of up to four years and it shall be renewed, commencing on the first business day after the end of the Initial
Term, only so long as the following conditions are met:

		i)	This Agreement has not been terminated for any reason prior
to the expiration of the Initial Term;

 

		ii)	At least six (6) months prior the expiration of the Initial
Term, Licensee tenders a written notice to Licensor of its intent to exercise the option to renew the Agreement (the “Extension
Notice”);

 

		iii)	Licensee is in material compliance with this Agreement,
including but not limited to all Minimum Guaranteed Royalty requirements at the date of the Extension Notice and continuing through
the expiration of the Initial Term; and,

 

		iv)	By September 30, 2018, the Parties have agreed to Minimum
Guaranteed Royalty for the renewal term.

 

		4.3	The period during which the Agreement is in full force
and effect including both the Initial Term and any extension thereof shall be the Term.

 

5     ROYALTY
AND PAYMENT

 

		5.1	In consideration of the grant hereunder, Licensee shall
pay Licensor royalties in U.S. dollars at a rate of five percent (5%) of the Net Sales for all Licensed Products sold and collected
under the Licensed Marks. Licensee further agrees to utilize commercially reasonable efforts to increase sales of the Licensed
Products during each year of the Term. If any sales of Licensed Products are made in currencies aside from the U.S. dollar, then
Royalty payments for those sales shall still be made in U.S. Dollars and shall be based on the equivalent amount in local currency
calculated on the basis of the exchange rate or rates actually paid by Licensee less reasonable and customary bank fees and related
exchange charges actually incurred by Licensee with respect to non-U.S currencies, as certified by Licensee’s independent
auditing firm or other third party reasonably acceptable to Licensor.

 

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		5.2	In addition Licensor shall endeavor to utilize reasonable commercial efforts to introduce
                                                                              Licensee to established retail channels of distribution. If such introductions lead to additional sales, then in addition to
                                                                              the royalty payable under 5.1, Licensee shall pay Licensor an additional royalty of one percent (1%) of Net Sales received
                                                                              by, or derived from any new retail customer that Licensor brings to Licensee that is not a current or former customer of
                                                                              Licensee.

 

		5.3	Licensee’s Royalty obligation shall accrue upon and
be paid wholly from the receipt of revenue from all sales or distributions of Licensed Products. Licensee’s Royalty obligation
for sales shall accrue upon the sale of each Licensed Product, payable following the time of collection by Licensee and pursuant
to Section 1.9 above. Such an item shall be considered “sold” when it is billed, invoiced, delivered, transferred
to a customer or shipped, whichever occurs first. If Licensee distributes or sells any Licensed Product to any affiliated or related
party, other than any sale or distribution to Licensor, at an amount that is less than Licensee’s lowest wholesale price
charged in arms-length sales to other parties, the Royalty shall be computed at Licensee’s lowest wholesale price charged
in like arms-length sales to non-affiliated third parties.

 

		5.4	If the payment of funds to Licensor in any country is blocked
from export out of any country in the Manufacturing Territory (“Blocked Funds”), such payment either may be
held by Licensee, or, at the election of Licensor, deposited in an interest-bearing escrow banking or other interest-bearing escrow
account, in Licensee’s name on behalf of Licensor in the blocking country (if permitted by local law) or may be removed
from such country and paid to Licensor, subject to whatever restrictions, limitations, and/or taxes may be imposed by the government
of such county upon such Blocked Funds. In the event of any such blockage, Licensor and Licensee shall cooperate in seeking an
equitable solution. If no such solution is attained in 90 days Licensor may require Licensee to, or Licensee may voluntarily upon
notice to Licensor, terminate Licensee’s marketing and sale of Licensed Products in such blocked country, and this Agreement
shall be deemed amended accordingly.

 

		5.5	Within fifteen (15) business days after the end of each
month, Licensee shall furnish to Licensor a complete sales and royalty report certified to be accurate by the Chief Financial
Officer of Licensee or by some other authorized designee of Licensee showing the number, description, and Net Sales Price of the
Licensed Products distributed and/or sold by Licensee during the preceding month, as well as the number of Licensed Products in
inventory at the beginning and end of the month. For this purpose, Licensee shall use the approved report form attached hereto
as Exhibit E and incorporated by reference herein. Such report shall be furnished to Licensor whether or not any of the Licensed
Products have been sold during the preceding month. Licensee shall tender both hard copy sales and royalty report and sales in
royalty report in Excel spreadsheet format to Licensor. A Sales and Royalty report including amounts collected will be furnished
separately for each brand listed in Exhibit A in Excel spreadsheet format to the Licensor and sent to:

 

Erik Sterling and Financial Committee

P.O. Box 1410

Rancho Mirage, CA 92270

Via Email: esterling@sterlingwinters.com and

FinancialCommittee@sterlingwinters.com

 

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		5.6	The receipt or acceptance by Licensor of any of the reports
furnished by Licensee pursuant to this Agreement or of any royalties paid by Licensee hereunder (or the cashing of any royalty
checks paid by Licensee hereunder) shall not preclude Licensor from questioning the accuracy thereof at any time, and in the event
that any inconsistencies or mistakes are discovered in such reports or payments, any inconsistency, mistake, or inaccuracy shall
immediately be rectified, and any appropriate payment due and owing shall immediately be paid by Licensee to Licensor.

 

		5.7	At the time Licensee delivers the above-referenced royalty
reports to Licensor, Licensee shall pay all royalties due and owing directly to Licensor as indicated in the sales and royalty
report for the month in which earned and collected. Unless otherwise instructed by Licensor, all payments required by this agreement,
shall be sent via wire transfer to the account indicated below, or to any other account designated in writing by Licensor. Licensee
will send separate wires and reports for each Brand.

 

If to: Licensor:

kathy ireland Worldwide, Inc.

2000 Avenue of the Stars, Suite 210

Los Angeles, CA 90067

Comerica Bank

Domestic Wire - Routing #121137522

Account Name: kathy ireland Worldwide

Account #: 1891-935809

 

		5.8	Licensee shall pay Licensor the following Minimum Guaranteed
Royalties on the schedule set out below:

 

	Time Period	 	Minimum Guaranteed
 Royalty Payment	 	 	Payment Due Bate
	Contract Year 1	 	$	100,000.00	 	 	45 days after quarter end
	Contract Year 2	 	$	150,000.00	 	 	45 days after quarter end
	Contract Year 3	 	$	200,000.00	 	 	45 days after quarter end
	Contract Year 4	 	$	250,000.00	 	 	45 days after quarter end

 

Notwithstanding the foregoing,
the Royalty on that portion of Net Sales which exceeds (i) $2,000,000 but is no greater than $5,000,000 in Contract Year 1, (ii)
$3,000,000 but is no greater than $10,000,000 in Contract Year 2, (iii) $4,000,000 but is no greater than $15,000,000 in Contract
Year 3 and (iv) $5,000,000 but is no greater than $20,000,000 in Contract Year 4, shall be 4% of any such excess annual sales amounts.
In addition, the Royalty on that portion of Net Sales which exceeds (i) $5,000,000 in Contract Year 1, (ii) $10,000,000 in Contract
Year 2, (iii) $15,000,000 in Contract Year 3 and (iv) $20,000,000 in Contract Year 4, shall be 4.25% on any such excess annual
sales amounts.

 

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		5.9	Minimum Guaranteed Royalty payments shall only be credited
towards Royalties in the Contract Year for which they apply (i.e., Licensee receives credit towards Royalties for the Minimum
Guaranteed Royalty payment made in that particular Contract Year). Credits for Minimum Guaranteed Royalty payments do not carry
over into prior or subsequent Contract Years. The Parties understand and agree that each payment, whether it is a Royalty or the
Minimum Guaranteed Royalty amounts as set forth above, is a separate and independent obligation. The minimum royalty for Contract
Years 5 through 8 will adhere to the same minimum guarantee royalty payment escalation schedules as in previous years.

 

		5.10	Any amount (i.e., Royalties, Minimum Guaranteed Royalties,
Brand Participation Fees, and other payments due hereunder) not paid to Licensor within fifteen days of when due under this Agreement
shall bear a late payment charge on the unpaid balance at the rate of 1.5% per month, or the maximum amount permitted by law,
whichever is less.

 

		5.11	In addition to the payments above, Licensee shall pay Licensor
the following brand participation fees (the “Brand Participation Fee”) on the following calendar year dates for the
purpose of general advertising, good will and promotion of the overall kathy ireland brand (not limited solely to the Licensed
Products produced by Licensee under this Agreement, but the for benefit of the entire kathy ireland brand line of products):

 

Year 1: $350,000.00 due on the Effective Date (of which $150,000,
the prior deposited receipt of which is hereby acknowledged, leaving a balance of $200,000 payable) including fees due for photo
sessions as required under paragraph 14.1 below.

 

Year 2: $50,000 due on first anniversary of contract Effective
Date.

 

Year 3: $50,000 due on the second anniversary of contract Effective
Date.

 

Year 4: $50,000 due on the third anniversary of contract Effective
Date. One percent (1%) of the total gross sales of Licensed Products in Year 3.

 

These payments will continue in Contract Years 5 through 8 in
the same manner as determined above.

 

6     ACCOUNTING

 

		6.1	Licensee shall keep accurate books of account and records
covering all transactions relating to the license hereby granted, and Licensor and its duly authorized representatives shall have
the right after giving reasonable notice at all reasonable business hours of a general day of business to an examination of said
books of account and records relating to Licensee’s performance under the Agreement, and of all other documents and materials
in the possession or under the control of Licensee including its affiliated, associated, or subsidiary companies or agents, which
reasonably and directly relate to the subject matter and terms of this Agreement, and shall have free and full access thereto
for said purposes and for the purpose of making extracts therefrom. Upon request of Licensor, Licensee shall furnish to Licensor
a detailed statement by an independent certified public accountant showing the number, description, and Net Sales of the Licensed
Products covered by this Agreement distributed and/or sold by Licensee to the date of Licensor’s demand. All books of account
and records shall be kept available for no less than seven (7) years.

 

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		6.2	Within seventy five days after the close of each calendar
year or, if applicable, five business days after the parent of Licensee may deliver its report on its annual sales as filed with
the United States Securities and Exchange Commission, whichever is later, during the Term or any renewal thereof, Licensee shall
furnish to Licensor an updated audited financial statement for the preceding calendar year or such other financial information
as may be reasonably requested by Licensor.

 

		6.3	Each calendar year in which this contract is in effect,
and once after expiration or termination of this Agreement, Licensor shall be entitled to an independent audit of and be given
access to Licensee’s account books, records, invoices and other pertinent data relating to Licensee’s performance
under this Agreement during the prior contract year (“Licensor’s Performance Audit”) by a certified public accountant
or qualified auditor designated by Licensor. Licensor’s Performance Audit shall be conducted to determine, inter alia, Licensee’s
accounting reports and sales of Licensed Products, as well as all Returns and Trade Discounts, and shall be conducted during normal
business hours at Licensee’s business office or location of such files and records. The cost of Licensor’s Performance
Audit shall be borne by Licensor unless the audit reveals that Licensee understated sales and or royalties of Licensed Products
by more than five percent (5%), in which case Licensee may be required to pay the actual reasonable costs of such audit together
with any outstanding balance revealed to be payable by such audit. Notwithstanding the foregoing, should Licensee, or if applicable
its parent be engaged in or otherwise in the midst of completing audited financial statements and other year-end documents needed
to be filed with a federal or state regulatory agency, Licensor shall cooperate with Licensee in deferring commencement of Licensor’s
Performance Audit. In the event that there arises a discrepancy between Licensor’s Performance Audit and the financial statements
reported on by the independent registered accounting firm retained by Licensee or its parent the matter shall be submitted to
arbitration in accord with the provision of Section 36 below.

 

		6.4	Licensor’s exercise in whole or in part inspect records
or accounts, Licensor’s acceptance of any statement or statements from, or the receipt our acceptance by Licensor of any
payment tendered by or on behalf of, Licensee, shall be without prejudice to Licensor’s rights or remedies permitted by
this Agreement or as a matter of equity of law, and shall not preclude or prevent Licensor thereafter disputing the accuracy of
any such statement or payment.

 

7     QUALITY
ASSURANCE

 

		7.1	Licensee acknowledges the good reputation of Ms. Ireland,
and further acknowledges that all Licensed Products manufactured, distributed, and/or sold by Licensee will enhance the reputation
and recognition of Ms. Ireland to the mutual benefit of the Parties. The quality of the Licensed Products shall be consistent
with or exceed the average of similar products manufactured, distributed, and/or sold by Licensee, shall serve to enhance Brand
recognition of the Licensed Products to the mutual benefit of the Parties, and shall be generally suitable for the use for which
they are intended.

 

    	-11-

    	 

    

 

		7.2	All Licensed Products developed, manufactured and sold
hereunder, and all labels, hang tags, packaging, catalogs, brochures, publications, printed matter, advertising, signs, promotional
displays, websites, web pages, video and sound recordings, online social media pages (hereinafter the ‘‘Promotional
Materials”) and other forms of publicity material for the Licensed Products, shall be subject to Licensor’s written
approval in advance of use, distribution, marketing or sale. Without cost to Licensor, Licensee shall submit to Licensor for its
inspection and approval, at least three (3) samples of each Licensed Product, sign, promotional display, label, hang tag, packaging,
catalog, brochure, publication, printed matter, advertising, video and sound recording, and other forms of publicity material
including but not limited to website and online social network pages for the Licensed Products depicting the Licensed Marks (hereinafter
the “Samples”), prior to any use, marketing, advertising, sale or other distribution to the public. In lieu of submitting
three (3) samples of the Promotional Materials under this Paragraph 7.2, Licensee may submit either a computer diskette or e-mail
attachment containing a depiction of one (1) sample for Licensor’s inspection and approval. Licensor’s representative,
or any duly authorized representative of Licensor designated by it in writing, shall have ten (10) days from Licensee’s
delivery to Licensor of the Samples to approve or reject in writing such Samples. If any such time period lapses without Licensee
receiving express written approval or rejection of the supplied samples, the samples will be deemed approved by Licensor, provided
that copies of all correspondence accompanying the samples are submitted or sent to Licensor’s counsel in accordance with
the notice provisions of Section 24. Licensee shall not manufacture, distribute, market and/or sell any Licensed Product, or Promotional
Material depicting or incorporating the Licensed Marks until Licensee has received Licensor’s written approval of the Sample,
provided that Licensor shall respond promptly and that such approval shall not be unreasonably withheld. In the event of a disapproval
the Parties shall collaborate in making requested constructive changes that are being reasonably requested. Once Licensor approves
a Sample under the terms herein, that Sample will be deemed approved for all uses unless it is materially modified. From time
to time after Licensee has commenced selling the Licensed Products, and upon Licensor’s request, Licensee shall furnish
without cost to Licensor a minimum of two (2) additional random samples of each Licensed Product being manufactured and sold by
Licensee hereunder (and, if requested, detailed photographs, descriptions, and/or videos of the Licensed Product(s), together
with the related materials, if any, used in connection therewith.

 

		7.3	All materials submitted for approval to Licensor in a language
other than English will be accompanied by a complete and accurate English translation.

 

		7.4	In addition to the standards required above, Licensee acknowledges
the great value of the goodwill associated with Ms. Ireland and the Licensed Marks and the worldwide recognition thereof, and
Licensee agrees that it will not use the Licensed Marks in any manner which, directly or indirectly, would demean, ridicule or
otherwise tarnish the reputation or image of Licensor, Ms. Ireland or the Licensed Marks. Without limiting the foregoing, (i)
all Licensed Products shall in all respects be manufactured, marketed and distributed in a manner consistent with the high quality
standards and image of Licensor, and (ii) Licensee shall not permit the manufacture, marketing or distribution of any Licensed
Product that represents, depicts or promotes (a) the glorification of violence, including but not limited to any representations
of gang- or terrorist-related imagery, firearms or explosive devices, (b) sexual activities, including but not limited to any
representations of body parts or sex toys, (c) religious beliefs, including but not limited to any religious iconography or any
image commonly associated with any religious organization or cult, (d) any political content or (e) tobacco, alcohol or drug use.

 

		7.5	Should any Licensed Product fail to meet the quality standards
established by this Section, or fail to be manufactured, sold, and/or distributed in accordance with the same or higher quality
standards and all applicable federal, state, and local laws, or industry standards, or be subject to recall by any government
or industry organization, except as provided herein, the offending products may be removed from distribution and sale as Licensed
Products following notice as set forth below in this paragraph, and Licensor thereafter shall have the right to remove that product
from the list of Licensed Products. If any such condition or circumstance shall occur then within thirty (30) days following receipt
of written notice thereof, then if such conditions or circumstances are not substantially corrected, Licensor shall have the option
to remove the offending product from the list of Licensed Products under this Agreement in its sole discretion.

 

    	-12-

    	 

    

 

		7.6	Licensee, from time to time, shall have the right to sell
goods deemed irregulars and second quality as instructed by Licensor under the same royalty conditions as set out in Section 5.1
above. Licensee may sell such seconds in a way which shall not reduce the value of the Licensed Mark(s) or detract from Licensors
or Ms. Ireland’s reputation and shall obtain the written approval of Licensor with respect to the terms and method of such
disposal. The percentage of “seconds” of any Licensed Products which may be disposed of in any given year pursuant
to this section shall not, in any event, exceed five (5%) percent of the total number of units of that particular licensed product
distributed or sold by Licensee in that year.

 

		7.7	If any retail customer of Licensee notifies Licensee or
claims to Licensee that there is a significant quality issue with any Licensed Products sold to it by Licensee, Licensee shall
notify Licensor in writing of such alleged quality issues within five business days of being notified by the retailer customer
involved.

 

		7.8	From time to time, Licensor shall notify Licensee of consumer
quality issues received by Licensor by Licensor’s “kathyireland.com” website. Licensee shall reply back to applicable
consumers within seven business days of its receipt of the issues from kathyireland.com.

 

		7.9	Licensor will have the right to purchase products from
the Licensee at cost for personal use, wear testing, giveaways, and other promotional uses, all of which uses the parties anticipate
will not exceed $100,000 per year of Licensed Products determined by reference to Licensee’s suggested retail prices. Products
purchased hereunder shall not be for commercial resale.

 

		7.10	Licensor shall have the right to inspect Licensee’s
manufacturing premises for the sole purpose of ensuring that Licensed Marks and the quality of the Licensed Products are satisfactory.
Licensee will permit a duly authorized representative of Licensor to perform such inspection during normal business hours upon
reasonable notice for the purpose of ascertaining or determining compliance with this provision. Licensor will notify Licensee
at least five (5) Days in advance of any requested inspection date. All communication, verbal and written, will be conducted through
Licensee during the Term of this License Agreement and for a period of three years thereafter. All information regarding the manufacturer
is considered to be valuable and therefore confidential between Licensee and Licensor.

 

8     DISPLAY
OF MERCHANDISE

 

		8.1	Licensee agrees to maintain space in its showroom located
in various high traffic locations and dedicated to display of the Licensed Products under the Brand. Licensee further agrees that
the Licensed Products shall be displayed at Licensee’s showroom in the most favorable manner possible to enhance the recognition
of the Brand and the Licensed Products to the mutual benefit of the Parties. The display of the Licensed Products shall be subject
to the written approval of Licensor prior to any display thereof.

 

    	-13-

    	 

    

 

		8.2	All signage related to the Licensed Products shall be maintained,
cleaned, updated, and replaced regularly so that the signage maintains a fresh appearance to enhance the Brand recognition of
the Licensed Products to the mutual benefit of the Parties. The Parties agree to have meaningful consultation as to the design
and placement of all signage. Licensor shall approve all signage in writing prior to any use thereof.

 

		8.3	Licensee may display and offer the Licensed Products on
its own company or business web page/site in a manner, which makes the Licensed Products distinctive and enhances the recognition
of the Brand and the Licensed Products to the mutual benefit of the Parties. Products other than Licensed Products bearing the
Licensed Marks may be displayed on the web page/site only with the written approval of Licensor. Licensee shall provide a link
from its web page/site to Licensor’s web page/site. In addition, Licensor’s right to approve any display of the Licensed
Products bearing the Licensed Marks on Licensee’s web page/site in writing prior to any display or use thereof, and which
shall not be unreasonably withheld and if following two business days after giving notice thereof. Licensor shall also have the
right to approve the content, look and feel of the Licensed Products on the webpage/site. Licensee shall establish its web page/site
within forty-five (45) days of the Effective Date of this Agreement and shall update its web page/site as needed on a monthly
basis.

 

		8.4	Licensee shall not supply Licensed Products to television
channels or other channels that are expressly excluded from the Channels of Distribution under this License as defined in Exhibit
B. From time to time, in its sole discretion, Licensor may seek opportunities for distribution of the Brand through certain electronic
channels of distribution not set forth on Exhibit B, and in that event, Licensee shall assist in such efforts as may be reasonably
requested by Licensor, however, Licensor is in no way bound to seek such opportunities.

 

9     LABELING

 

		9.1	Licensee agrees that it will cause to appear on or within
each Licensed Product manufactured, sold, and/or distributed under this Agreement and on or within all advertising, marketing,
promotional, or display material bearing the Licensed Marks, the appropriate trademark and copyright notices, markings, and/or
designations, and/or any other notice requested by Licensor. Each Licensed Product that is distributed and/or sold in a carton,
container, packing and/or wrapping material bearing the Licensed Marks, shall have such notices appear upon the said carton, container,
packing, and/or wrapping material.

 

		9.2	Licensee further agrees that on all descriptive and marketing
materials for the Licensed Products, a licensing statement inclusive of Licensor’s web page/site address, and a mission
statement, both subject to Licensor’s approval which shall not be unreasonably withheld, and shall appear during the term
of this Agreement and any renewal or extension thereof provided that such approvals or disapprovals shall be delivered to Licensee
within seven(7) business days following request and if not so delivered shall be deemed approved. A true and correct copy of the
licensing statement and mission statement approved by Licensor is set forth in Exhibit F attached hereto and incorporated by reference
herein. Licensor reserves the right to modify, supplement, and/or alter the licensing statement or mission statement in its sole
discretion and upon reasonable notice to Licensee. Each Related Material containing any such statements or Licensed Marks, as
well as all advertising, marketing, promotional, and/or display material which reference the Licensed Marks and/or relate to the
Licensed Products, shall be submitted to Licensor for its approval prior to any use by Licensee provided that such approvals or
disapprovals shall be delivered to Licensee within seven (7) business days following request and if not so delivered shall be
deemed approved.

 

    	-14-

    	 

    

 

		9.3	The Parties further agree that should any of the Licensed
Products be manufactured, distributed, or sold without the appropriate or requested trademark and copyright notices, markings,
and/or designations, in addition to any other rights it may have, Licensor may demand the removal of the offending product from
distribution and sale, and may remove that product from the list of Licensed Products. In that event any such product may be re-labeled
and packaged to have a different look from the prior version of the product.

 

10     PROMOTIONAL
MATERIAL

 

		10.1 	Licensee is required to provide reasonable advertising
and promotional support for the Licensed Products bearing the Licensed Marks each Contract Year including, but not limited to,
the following:

 

		a.	Licensee will budget on an annual basis not less than fifteen percent (15%) of its corporate resources
attributed to the Brand to design, market, present and sell the Licensed Products under the Brand.

 

		b.	Licensee will budget not less than seventy percent (70%) of the ratio of sales of all Licensed Products to all sales of Licensee
to the ratio its annual media-advertising budget for the Licensed Products to all products sold by Licensee.

 

		c.	Licensee will run full-page advertising in trade publications including, but not limited to, InStyle, Vanity Fair, Vogue, American
Academy of Dermatology, American Society of Plastic Surgeons to provide retail recognition for the Brand in the Physician, spa
and retail marketplaces.

 

		d.	Any print advertisements for the Licensed Products under the Brand shall be full-page advertisements. In the event that a print
advertisement of less than a full page is published, Licensee agrees to buy two (2) full page advertisements in the next issue
of the publication, and if no next issue then in a comparable publication, as well as publishing online advertising in a manner
to be agreed between the parties.

 

		e.	Licensee will use reasonable commercial efforts to convey to the market that other than products being sold under NuGene Pharma
or similar labels, it has converted all Licensed Products to the Brand, including but not limited to answering its telephones by
stating the Brand, and placing signage depicting the Brand prominently and in the first position at Licensee’s corporate
offices and showrooms and exhibition space, and on Licensee’s corporate stationery, point of sale and other marketing materials.

 

		f.	Licensee will use reasonable commercial efforts to convey to the markets in which Licensee distributes the Licensed Products
that it is a licensee of the Brand, and these efforts shall include but not be limited to placing signage depicting the Brand prominently
at Licensee’s corporate offices and showrooms, and shall also have prominence on Licensee’s corporate stationery, point
of sale, marketing and other materials.

 

		g.	Carton/box marking denoting Brand.

 

		h.	Custom Brand hangtags for each Licensed Product.

 

		i.	Point of purchase easels supplied to dealers.

 

    	-15-

    	 

    

 

 

j.
Point of purchase banners, mobiles and signage supplied to dealers as needed for display set-up.

 

k.
Licensee will use contacts in marketplace to gain product placement with key customers.

 

		1.	Licensee will merchandise the Licensed Products to motivate customers to build the Brand within stores, including opening order
discount co-op advertising and promotional discounts as needed to properly promote the Licensed Products.

 

m.
Licensee will make reasonable efforts to assure adequate public relations and press coverage of the Brand within the trade.

 

n.
Web-Based sales training programs for Brand dealers, to extent reasonably applicable or commercially productive..

 

o.Sales
event support and display set-up assistance as reasonably required.

 

p.
Custom catalog inserts, lithographs, tear sheets and brochures supporting the Licensed Products under the Brand.

 

q.
Editorial content for use on kathyireland.com.

 

		10.2	No advertising, marketing, promotional, and display materials, or other artwork shall be used without prior written approval
by Licensor, provided that such approvals or disapprovals shall be delivered to Licensee in writing within seven business days
following request and if not so delivered shall be deemed approved. The Parties further agree that all new artwork and designs
jointly created by Licensee and Licensor for the Licensed Marks shall be produced under appropriate “work for hire”
provisions, or are hereby assigned to and shall remain the property of Licensor, notwithstanding their joint creation by Licensee
and Licensor. Licensee shall ensure that, prior to its utilizing any non-employees to create advertising, marketing, promotional,
and display materials or other artwork, advertising copy, and/or other copyrightable materials related to the Licensed Marks, such
persons or entities shall have executed the necessary valid agreements to convey the ownership and copyrights to these items to
Licensor.

 

		10.3	Licensee agrees not to offer for sale, advertise, publicize, market, or otherwise promote any of the Licensed Products in any
manner whatsoever, including without limitation print media, radio, television, cable, internet, or other multi-media, without
the prior written approval of Licensor, which approval shall not be unreasonably withheld and provided further that such approvals
or disapprovals shall be delivered to Licensee in writing within seven (7) business days following request and if not so delivered
shall be deemed approved, however, notwithstanding the foregoing Licensee shall be allowed to issue press releases made in the
ordinary course of business, and in which descriptions of the License and Licensed Products are generally referenced, upon notice
delivered not later than two business days prior to the release for publication of such items consistent with the provisions of
paragraph 12.1 below.

 

		10.4	The Parties further agree that in the event Licensor elects to pay for or to otherwise make a voluntary
financial contribution to produce any advertising, marketing, promotional, and/or display materials of any kind, including without
limitation print media, radio, television, cable, internet, or other multi-media, in connection with the Licensed Products, Licensor
shall consult with Licensee but nevertheless shall have unfettered discretion to do so.

 

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11BRAND
MANAGER

 

		11.1	Licensee agrees to establish and fill a position of Brand Manager to work with Licensor to facilitate the merchandising, promotion
and public relations, development, assortment, quality, and design of the Licensed Products. The choice of individual to fill the
position of Brand Manager shall be subject to the prior written approval of Licensor, provided that such approval or disapproval
shall be delivered to Licensee within seven business days following request, shall not be unreasonably withheld, and if not so
delivered then the choice of Brand Manager for Licensee shall be deemed approved. Said Brand Manager (or approved substitute or
replacement therefor) shall perform his/her/their duties during the term of this Agreement, and any renewal or extension thereof,
and shall cooperate with Licensor to maximize the opportunities for brand development and/or brand recognition of the Licensed
Products to the mutual benefit of the Parties. Brand Manager’s services will be in mutual cooperation with Licensor to achieve
the common goals of the Brand. Licensor acknowledges that the Brand Manager will coordinate with specific departments inside Licensee
to carry out the business under this Agreement, and that the Brand Manager will have other duties tasked to them by Licensee.

 

		11.2	Licensor may periodically hold a Brand Summit for attendance of representatives of its licensees.

 

12CONSULTATION

 

		12.1	Licensor and Licensee agree to have meaningful consultation with each other regularly throughout the term of this Agreement
and any renewal or extension thereof. The Parties agree that the purpose of the consultation will be to discuss methods and strategies
to develop, promote, and expand the kathy ireland brand and image for the mutual benefit of Licensor, Licensee and Licensee’s
customers. To attain this mutual goal of the Parties, Licensor, or its designees, agrees to meet in person from time to time as
may be reasonably appropriate throughout the calendar year, in conformity with mutually agreed upon schedules, with Licensee, or
its designees, to discuss merchandise, marketing, showroom and advertising plans and to solicit input and ideas from Licensor or
its designees. Licensor acknowledges that Licensee or a parent of Licensee may be required or may deem it appropriate to issue
press releases relating to periodic developments and Licensor agrees that it will either approve or disapprove any such press release
containing references to the Licensed Products, Licensed Marks or to Ms. Kathy Ireland, provided that (1) Licensor shall deliver
its suggestions, corrections or other comments to Licensee regarding the press release within one business day of receipt,(2) both
Licensor and Licensee shall diligently thereafter work together to assure a final version of the press release within the next
business following submission to Licensor, and (3) if Licensee has made the requested corrections or changes agreed upon or if
not otherwise disapproved in writing shall be deemed approved at the end of two business days following the initial submission
thereof by Licensee. Any disapproval from Licensor shall be accompanied by good constructive requests for changes to be made in
order for approvals to be given.

 

		12.2	Ms. Ireland is the Chief Designer of the Brand. In addition to the services provided by Brand Manager,
Licensor hereby designates Jason Winters and Jon Carrasco to serve as liaison with Licensee. Licensor may designate additional
members of the kathy ireland Worldwide team to serve as its liaison with Licensee. Licensor reserves the right to change, modify,
supplement, and/or alter this designation in any way and at any time in its sole and unfettered discretion.

 

    	-17-

    	 

    

  

		12.3	The Parties further agree that Licensor may from time to time recommend sub-contractors, vendors, and/or manufacturers to Licensee
that Licensee will consider in good faith. Licensee will use commercially reasonable efforts to use the sub-contractors, vendors,
and/or manufacturers suggested by Licensor.

 

13TRADE
SHOWS

 

		13.1	Licensor agrees to make Ms. Ireland available for two personal appearances at trade shows or other Licensee sponsored events
that promote Licensee and the Licensed Products (each a “Trade Show Event”) in the United States on behalf of Licensee
during each twelve (12) month period this Agreement is in effect. Licensee may also request that Ms Ireland make at least one appearance
in an important foreign market in connection with a public launch or distribution of Licensed Products, which Licensee as of the
date of this Agreement anticipates is likely to be in Dubai. Requests for such appearances shall be made not less than five (5)
weeks prior to the desired appearance and shall be subject to Ms. Ireland’s pre-existing personal and professional commitments
and approval. Each Trade Show Event will occur at a single location and Ms. Ireland shall not be obligated to appear for more than
(90) ninety consecutive minutes per Event (unless approved by Licensor in its sole discretion). Licensee shall not promote in any
manner any Trade Show Event as an autograph show.

 

		13.2	All travel, lodging, meals, and related incidental expenses incurred by Ms. Ireland and by all traveling companions she reasonably
requires for the personal appearances provided under this Section shall be paid by Licensee. Ms. Ireland and the traveling companions
she reasonably requires shall either travel via private plane or first class air and with portal-to-portal SUV ground transportation.
If private plane travel is used, Licensee shall pay the round trip fuel costs and landing fees for the relevant flight, and if
airline travel is used, then Licensee shall pay for first class air travel. Ms. Ireland and the traveling companions she reasonably
requires shall be lodged in first class hotel accommodations, and each shall be provided with all meals in connection with such
appearances. Where any appearance is for the benefit of multiple licensees, Licensee’s portion of expenses shall be the relative
percentage of such expenses based upon the number of other licensees involved. Licensor and Licensee acknowledge that it will be
appropriate to establish a budget in advance of any such travel that is mutually acceptable and takes into account Ms Ireland's
comfort, support and other reasonable needs and those of her travelling companions.

 

		13.3	Licensee initially to provide no later than December 5, 2014 and annually thereafter during each
November, via email to Licensor, a list of trade shows that representatives of Licensee will be attending the following year. Email
address: partners@sterlingwinters.com.

 

14
PHOTO SESSIONS

 

		14.1	Licensor shall make Ms. Ireland available to participate in at
                                         least one photo session each year during the term of this Agreement at a mutually acceptable
                                         time and place in California featuring Ms. Ireland with Licensed Products, under
                                         the Brand. These photo sessions shall be scheduled at Ms. Ireland’s convenience
                                         upon not less than five (5) weeks’ prior notice subject to her reasonable approval
                                         and pre-existing personal and professional commitments. The photo sessions may not exceed
                                         ten (10) hours in length (including hair, make-up, wardrobe, rest periods. Licensee expects
                                         within these photo sessions also to arrange for video and audio recordings that will
                                         allow Licensee promotional uses which may include: (i) short radio advertisements on
                                         Bloomberg and other radio outlets, (ii) a general website video, and marketing video
                                         and (iii) advertisements and messages suitable for promoting the Licensed Products.

  

    	-18-

    	 

    

  

		14.2	In addition to any other sums payable hereunder, Licensee shall pay to Licensor on execution of this Agreement the sum of $50,000
as payment in full for the services rendered under this section, which amount is included within the sum required to be paid under
paragraph 5.11 for Contract Year 1, and the same amount on the commencement of each Contract Year following the First Contract
Year. The Parties agree that Licensor shall have the right to produce and/or manage any such photo session in all respects. Any
amount paid under this Section shall not be included in the calculation of royalties pursuant to Section 5, or Brand Participation
Fees pursuant to Section 5.11. Licensor shall approve and deliver to Licensee fully completed photo and audio results of photo
sessions, within forty five (45) days following the date on which the photo session was conducted, suitable for immediate commercial
use by Licensee.

 

		14.3	The photographs resulting from any photo session(s) shall be contracted for under “work for hire” provisions and
all rights, including without limitation copyright, to the photos, negatives, and any other tangible materials bearing Ms. Ireland’s
image, Ireland IP or relating to said photo session(s), shall be the property of Licensor and are hereby assigned to Licensor.
If Licensee uses a photographic service of anyone other than its employees, Licensee shall obtain written assignments to the Licensor
of all copyright and other rights in any photographs, negatives, or any other materials bearing Ms. Ireland’s image. All
photographs of Ms. Ireland, which the Licensee desires to use, shall be submitted to Licensor for its absolute written approval
prior to any use thereof provided that such approvals or disapprovals shall be delivered to Licensee within seven (7) business
days following request and if not so delivered shall be deemed approved. This shall include the approval of all final retouched
versions of the photos as well as the specific negatives, which might be used.

 

		14.4	All travel, lodging, meals, and related incidental expenses incurred by Ms. Ireland or her designee and by all traveling companions
she reasonably requires for the photo session(s) provided under this Section shall be paid by Licensee, but Licensor shall endeavor
to provide no later than two business days prior thereto a reasonable estimate or budget for such costs. Ms. Ireland or her designee
and the traveling companions she reasonably requires shall travel either by private plane or via first class air and with portal-to-portal
SUV ground transportation. If private plane travel is used, Licensee shall pay the round trip fuel costs and landing fees for the
relevant flight, and if airline travel is used, then Licensee shall pay for first class air travel. Ms. Ireland or her designee
and the traveling companions she reasonably requires shall be lodged in first class hotel accommodations, and each shall be provided
with all meals in connection with such photo session(s).

 

    	-19-

    	 

    

  

15.
RECORDING & FILMING

 

		15.	Except as provided herein, under no circumstance shall
any recording be made by Licensee in any manner whatsoever, whether on video or audio tape, film, celluloid, and/or by any other
means possible, of Ms. Ireland in connection with any appearance provided under this Agreement, including without limitation all
personal appearances and photo sessions, without the prior written approval of Licensor. Should Licensor approve any such recording
of any appearance by Ms. Ireland in connection herewith, said recording shall be contracted for under “work for hire”
provisions and all rights, including the copyright, related to said recording of Ms. Ireland, shall belong solely to Licensor
and are hereby assigned to Licensor. If Licensee uses the services of anyone other than its employees to make any such recording,
Licensee shall obtain written assignments to Licensor of all copyright and other rights in any recordings, negatives, or any other
materials bearing Ms. Ireland’s image and/or voice. It is further agreed that any such recording of Ms. Ireland, which Licensee
desires to use for any purpose whatsoever, shall be submitted to Licensor for its absolute written approval prior to any use thereof.
In addition to approving the recording itself, the intended use must also be approved in writing by Licensor prior to any use
thereof. Licensee further agrees to pay Ms. Ireland’s Screen Actors Guild union costs that are attributable to her in direct
connection with her work for or with Licensee and her paid broadcasts in any media.

 

16
GOOD WILL

 

		16.1	Licensee recognizes the great value of the good will associated with the Licensed Marks and acknowledges that the Licensed
Marks are distinct and all rights therein and good will pertaining thereto belong exclusively to Licensor, and that the Licensed
Marks have a secondary meaning in the mind of the public.

 

		16.2	Licensee consistent with its general operations will take all commercially reasonable steps to
enhance the reputation of Ms. Ireland and the good will associated with the Licensed Marks, and will not intentionally do harm
thereto at any time.

 

17LICENSOR’S
RIGHTS

 

		17.1	Nothing in this Agreement shall be construed to prevent Licensor from granting any other license for the use of the Licensed
Marks or from utilizing the Licensed Marks in any manner whatsoever, except that Licensor will not maintain or grant any other
License or otherwise utilize Licensed Marks in any manner for products marketed by any non-Licensee that competes with and/or age
defying products with biologically active or biologically derived ingredients.

 

		17.2	Licensee agrees that rights not specifically granted to Licensee are reserved by Licensor and may be used by Licensor without
limitation, provided that except as specifically described, nothing herein shall impinge on or grant Licensor any rights to Licensee’s
IP.

 

		17.3	Licensee agrees to furnish any Licensed Product requested by Licensor, Ms. Ireland, or Sterling/Winters Company, at manufacturer’s
cost; provided, however, that any Licensed Product provided by Licensee under Section 7 shall be at no charge.

 

		17.4	Any approval by Licensor hereunder shall not constitute waiver of Licensor’s rights or Licensee’s duties under
any provision of the License Agreement.

 

		17.5	Licensor agrees that all patents, applications for patents, formulations, ingredients in products, trademarks, copyrights,
service marks, Internet domain names and social media user/screen names of Licensee, and the like, that have been used in the past,
and are being presently used, are all Licensee’s IP and shall remain in ownership of Licensee. Future formulations, patents, applications
for patents, scientific inventions and discoveries of new products, are also Licensee's IP and shall remain the sole property of
Licensee.

 

    	-20-

    	 

    

  

		17.6	Licensor will not hold, or grant any endorsement or similar license to any competitive brand or product line that is or will
be in competition with any of Licensed Products.

 

		17.7	Nothing herein set forth shall prohibit or prevent Licensee from obtaining any necessary, needed or otherwise appropriate
trademark, copyright, registration, trade dress, service mark, logo, or other appropriate protection of Licensee's intellectual
property or products in a timely manner including but not limited to filing actions or defending against the infringements of others.

 

18PROTECTION
OF LICENSOR’S RIGHTS;

PROTECTION
OF LICENSEE’S RIGHTS

 

		18.1	Licensee agrees that during the term of this Agreement, or thereafter, it will not register or
attempt to register any of the Licensed Marks, nor will Licensee form or incorporate any entity under a name that includes the
Licensed Marks. Licensee will not attack the title or any rights of Licensor in and to the Licensed Marks or the Licensed Products
or attack the validity of this Agreement and further acknowledges the goodwill inherent to the Licensed Marks.

 

		18.2	Licensee recognizes the great value of the goodwill that is associated with the trademarks, service marks, copyrights, Internet
domain names and social media user/screen names in the Licensed Marks, and Licensee acknowledges that, as between the Parties,
such goodwill in the Licensed Marks is owned exclusively by Licensor and any goodwill created for the Licensed Marks, by Licensee’s
use of the Licensed Marks shall inure to Licensor’s benefit. Licensee further acknowledges that, as between the Parties,
all right, title and interest in and to the trademarks, service marks, copyrights, Internet domain names and social media user/screen
names in and of the Licensed Marks are owned exclusively by Licensor. Licensee
shall not challenge or contest Licensor’s ownership of the trademarks, service marks, copyrights, Internet domain names and
social media user/screen names in the Licensed Marks, or their validity, or the validity of the license granted by this License
Agreement. Any trademarks, service marks, copyrights, Internet domain names and social media user/screen names of Licensee, including
without limitation its patents and applications for patents (collectively "Licensee's IP"), or the validity of Licensee’s
IP, shall at all times remain those of the Licensee and Licensor shall not challenge or contest Licensee's ownership of Licensee’s
IP.

 

		18.3	Licensee further agrees to cooperate fully and in good faith with Licensor for the purpose of securing and preserving Licensor’s
rights in and to the Licensed Marks. In the event there has not been a previous registration of any Licensed Mark and/or any material
relating thereto for a particular Licensed Product, Licensor may register and maintain, at its Licensee’s expense, trademarks
and/or service marks in the appropriate class(es) and/or copyrights in the name of Licensor. Licensee is not permitted to register
any copyright, trademark, and/or service mark on behalf of Licensor. It is further agreed that nothing contained in this Agreement,
and no act or omission by Licensor and/or by Licensee shall be construed as an assignment or grant to Licensee of any right, title,
or interest in or to the Licensed Marks, it being understood that all rights relating thereto are reserved by Licensor, except
for the license hereunder to Licensee of the right to use and utilize the Licensed Marks only as specifically and expressly provided
in this Agreement. It is further agreed that nothing contained in this Agreement, and no act or omission by Licensor and/or by
Licensee shall be construed as an assignment or grant to Licensor of any right, title, or interest in or to the Licensee's IP,
it being understood that all rights relating thereto are reserved by Licensee.

 

    	-21-

    	 

    

 

		18.4	Licensee also agrees to assist Licensor to the extent reasonably necessary in the procurement of any protection or to protect
any of Licensor’s rights to the Licensed Marks. Licensor, if it so desires, may commence or prosecute any claims or suits
in its own name, and Licensee may commence or prosecute any claims or suits only with the prior written approval of Licensor. Licensee
shall notify Licensor in writing within five (5) days of any infringement or imitation by others of the Licensed Marks which may
come to Licensee’s attention, and Licensor shall have the sole right to determine whether or not any action shall be taken
on account of any such infringement or imitation. Licensor may, but is not required, to seek, obtain and maintain, in its own name,
such intellectual property. Internet Domain name and social media user/screen name protection for the Licensed Marks in the Territory(ies),
which Licensor, in its sole discretion, believes to be appropriate and financially sound. Licensor in its sole discretion, shall
designate, appoint and retain, the attorney or attorneys responsible for filing, producing and maintaining all intellectual property,
Internet domain name and social media user / screen name registrations and protection for the Licensed Marks and any and all expenses
and costs associated with the foregoing shall be borne exclusively by the Licensor and not by Licensee.

 

		18.5	Licensee acknowledges that Licensor has sole and exclusive ownership of all right, title, and interest
in and to the Licensed Marks and any registrations that have been issued or may be issued thereon. Licensee agrees that it will
not at any time do or cause to be done any act or thing contesting or in any way impairing or tending to impair any part of such
right, title and interest, including without limitation applying for trademark registration in Licensee’s name for any word
or mark that is the same or likely to be confusingly similar to the Licensed Marks. Licensee further agrees that use of the Licensed
Marks shall inure to the benefit of Licensor, and that Licensee shall not at any time acquire any rights in such Licensed Marks
by virtue of any use it may make of the Licensed Marks.

 

		18.6	Nothing contained in this License Agreement shall give Licensee any right, title or interest in
or to the Licensed Marks except for the rights expressly licensed by this License Agreement, and subject to its terms and conditions.
Licensee shall not knowingly make any representation or do any act, which may reasonably be taken to indicate that it owns the
Licensed Marks, or owns any rights in the Licensed Marks other than the rights to use Licensed Marks licensed by this License Agreement.

 

		18.7	Adaptations and modifications of Licensed Marks prepared under this License Agreement shall be included as part of the Licensed
Marks.

 

		18.8	All registrations for intellectual property, Internet domain names and social media user/screen names in the Licensed Marks
are to be applied for and obtained exclusively in Licensor’s name. Licensee shall not file or register any intellectual property
applications or seek any Internet domain name and/or social media user/screen name registration in the Licensed Marks, or any derivations,
improvements, variations or modification thereof, without Licensor’s prior written approval, notwithstanding the foregoing,
nothing herein set forth shall in any way abridge the rights of the Licensee to apply for or obtain or register intellectual property
that is exclusive of the Licensed Marks or of the Ireland IP.

 

    	-22-

    	 

    

 

		18.9	Licensee shall notify Licensor, or its designated representative, prior to entering into any agreement with any
                                                             individual, company or business, for sales outside the United States of any Licensed Product, to permit the timely filing of
                                                             foreign and/or international trademark and copyright applications, or other intellectual property protection, covering the
                                                             Licensed Marks, in Licensor’s sole discretion. Licensee agrees to cooperate fully and in good faith with Licensor for
                                                             the purpose of securing and preserving Licensor’s rights in and to the Licensed Marks. In the event there has not been
                                                             a previous registration of any Licensed Mark and/or any material relating thereto for a particular Licensed Product, Licensor
                                                             may register and maintain, at its Licensee's expense, trademarks and/or service marks in the appropriate class(es) and/or
                                                             copyrights in the name of Licensor. Licensee is not permitted to register any copyright, trademark, and/or service mark on
                                                             behalf of Licensor. It is further agreed that nothing contained in this Agreement, and no act or omission by Licensor and/or
                                                             by Licensee shall be construed as an assignment or grant to Licensee of any right, title, or interest in or to the Licensed
                                                             Marks, it being understood that all rights relating thereto are reserved by Licensor, except for the license hereunder to
                                                             Licensee of the right to use and utilize the Licensed Marks only as specifically and expressly provided in this
                                                             Agreement.

 

		18.10	The Licensee shall (a) provide Licensor with copies of any material proceedings or actions affecting or involving the Licensee
including, without limitation, copies of any orders, injunctions, to which the Licensee and any of its officers or directors is
a party or subject, including those issued or sought in such proceedings or actions by a state or federal governmental agency (such
as the Department of Justice, Securities and Exchange Commission or Federal Trade Commission). At any time following the receipt
of the materials and data identified above, Licensor may request that Licensee meet with Licensor to discuss the matters covered
by such materials and data, the basis for any related claims or demands and the corrective steps that Licensee intends to take
to address and cure the related matters. If, within 90 days following the date of the meeting between
Licensor and Licensee, Licensee has not cured or discharged the matters disclosed to Licensor's reasonable satisfaction,
then Licensor may terminate the license granted under this Agreement.

 

		18.11	Licensor agrees that all patents, pending patents, formulations, ingredients in products, trademarks, copyrights, service marks,
Internet domain names and social media user/screen names of Licensee, etc., that have been used in the past, and are being presently
used, are all Licensee's IP and shall remain in ownership of Licensee. Future formulations, patents, scientific inventions and
discoveries of new products, are also Licensee's IP and shall remain the property of Licensee.

 

		18.12	Licensor will not hold, or grant any endorsement or similar license to any competitive brand or product line that is or will
be in competition with any of the Licensed Products.

 

		18.13	Nothing herein set forth shall prohibit or prevent Licensee from obtaining any necessary, needed or otherwise appropriate
trademark, copyright, registration, trade dress, service mark, logo, or other appropriate protection of Licensee’s intellectual
property or products in a timely manner including but not limited to filing actions or defending against the infringements of others.

 

    	-23-

    	 

    

  

19
WARRANTIES AND INDEMNIFICATION

 

		19.1	Licensor hereby indemnifies Licensee and undertakes to hold it
                                         harmless against any claims or suits, demands, losses, injuries, liabilities costs, judgments,
                                         arbitration awards, license fees, settlement, damages and expenses (including reasonable
                                         attorneys’ fees and costs, whether or not any legal proceeding is commenced) (“Losses”)
                                         for trademark infringement arising solely out of the validity of the rights to the Licensed
                                         Marks and from Licensee’s use of the Licensed Marks as granted herein and authorized
                                         under the terms of this Agreement, provided that prompt notice is given to Licensor within
                                         ten (10) days of any such claim or suit, and provided, further, that Licensor shall have
                                         the option to undertake and conduct the defense of any suit so brought, and no settlement
                                         of any such claim or suit is made without the prior written consent of Licensor. Licensor’s
                                         indemnification under this Section shall be apportioned and limited to only the portion
                                         of, and extent that, such Losses are, or are claimed to be, proximately caused by or
                                         attributable specifically to Licensee’s use of Licensed Marks in a manner permitted
                                         by this License Agreement. It is further agreed that Licensor reserves the right to select
                                         counsel to defend any such claims subject to the reasonable approval of the Licensee.
                                         Licensor shall be solely responsible for any and all attorneys fees, costs, and expenses
                                         of counsel relating to any and all such actions.

  

		19.2	Licensee shall defend, indemnify, and hold Licensor harmless against any and all actions, claims, demands, lawsuits, loss,
costs, damages, judgments, liabilities, license fees, settlement or expenses incurred, claimed, obtained, or sustained, including
without limitation attorneys’ fees and costs, of any nature whatsoever, whether in law or in equity, including without limitation
claims relating to or allegedly relating to the design, manufacture, sale, purchase, use, advertising, marketing, and/or distribution
of any Licensed Product, whether for personal injury, product liability, intellectual property infringement (other than Losses
arising under paragraph 19.1 above), dilution, misappropriation or otherwise. Licensor reserves the right to select counsel to
defend and/or bring any such claims, subject to the reasonable approval of the Licensee. Notwithstanding Licensor’s right
to the choice of counsel, Licensee shall solely be responsible for any and all attorneys’ fees, costs, and expenses of counsel
relating to any and all such actions.

 

		19.3	Licensor warrants that it has the lawful capacity to execute this Agreement and that it is the
owner of the Licensed Marks or the authorized licensor with right to sublicense. Licensor believes that it and Licensee are entitled
to use the Licensed Marks in commerce relating to the Licensed Products, and that to the best of its knowledge and belief, no other
person or entity has the right to use the Licensed Marks in commerce on the Licensed Products, either in the identical form or
in such near resemblance thereto as may be likely, when applied to the goods of such other person or entity, to cause confusion,
mistake, or deception.

 

		19.4	Licensor makes no representations or warranties with respect to the design, manufacture, sale, purchase, use, marketing, and/or
distribution of any Licensed Product manufactured, sold, and/or distributed by Licensee and disclaims any liability arising out
of the design, manufacture, sale, purchase, use, marketing, and/or distribution of any Licensed Product, and any such express or
implied warranties (including merchantability or fitness for a particular purpose) are hereby disclaimed.

 

		19.5	Licensee represents and warrants to Licensor that: (i) Licensee has the full power and authority
to enter into this Agreement on behalf of Licensee and to perform all of Licensee’s material obligations pursuant to this
Agreement, and that the Licensed Products manufactured, sold, and/or distributed by Licensee under this Agreement shall be suitable
for the purpose for which they are intended to be used and shall comply with all applicable laws (including federal, state, and
local), and industry standards. (ii) Licensee will not knowingly harm or misuse the Licensed Marks or bring the Licensed Marks
into disrepute, (iii) except as specifically provided in this Agreement, Licensee will not create any expenses chargeable to Licensor
or Ms. Ireland without the prior written approval of Licensor or of Ms. Ireland, (iv) all Licensed Products (and the content contained
or used in the Licensed Products) designed, developed, marketed, distributed, published, performed or sold by Licensee pursuant
to this Agreement do not, and will not, infringe any intellectual property right or any personal right of any third party, and
(v) Licensee will not knowingly permit, do or commit any act or thing that would degrade, tarnish or deprecate or disparage the
Licensed Property or Licensor’s or Ms. Ireland’s public image in society or standing in the community, or prejudice
Licensor or Ms. Ireland and that it will terminate such activities promptly following written notice, and failure to do so constitutes
a material breach of this Agreement. Licensee acknowledges and agrees that there are no warranties, guarantees, conditions, covenants,
or representations whatsoever by Licensor, express or implied, as to marketability, fitness for a particular purpose, or other
attributes of the Licensed Products, whether express or implied (in law or in fact), oral or written.

  

    	-24-

    	 

    

 

		19.6	Licensee shall provide Licensor with prompt written notice of any material lawsuits, or other significant developments, formal
investigations, or final refusals which will lead to material impact on Licensee and in which Licensee is or may be named as a
party or for which Licensee is obligated or has agreed to indemnify any party, and Licensee shall thereafter provide Licensor with
periodic written updates concerning relevant material developments in any such lawsuits as they arise.

 

		19.7	 For purposes of this Section 19, the term “Licensor” shall mean Licensor and, without limitation, any of its
agents, employees, servants, representatives, parents, subsidiaries, affiliates, officials, directors, officers, shareholders,
attorneys, divisions, branches, units, affiliated organizations, successors, predecessors, contractors, assigns, and all persons
acting by, through, under, or in concert with them, past or present, specifically including Ms. Ireland, kathy ireland Worldwide,
Sterling/Winters Company or its executives and employees.

 

    	-25-

    	 

    

 

20INSURANCE

 

		20.1	Licensee represents that it has obtained, and agrees to maintain, at its own expense, in full force and effect at all times
during which the Licensed Products are being manufactured, sold, and distributed, insurance against those risks customarily covered
under comprehensive liability policies including, without limitation, insurance for bodily injury, advertising injury, property
damage, and product liability from a recognized insurance company approved by Licensor, which approval shall not be unreasonably
withheld, and which is qualified to do business in the State of California, providing protection at least in the amount of $2,000,000
per occurrence and $2,000,000 in the aggregate in the first contract year, and at least in the amount of $5,000,000 per occurrence
and $5,000,000 in the aggregate in each subsequent contract year, against any actions, claims, demands, lawsuits, loss, costs,
attorneys’ fees, damages, judgments, and liabilities of any nature whatsoever relating to the Licensed Products. As proof
of such insurance, within 30 days of the Effective Date, Licensee shall provide certificates of insurance to Licensor, certifying
that the entities set forth under Exhibit G have been added as additional insured to each of the policies set forth above, a fully
paid certificate of insurance naming Licensor an insured party shall be submitted to Licensor for Licensor’s prior written
approval before any Licensed Product is manufactured, sold, or distributed. Any proposed change in certificates of insurance shall
be submitted to Licensor for its prior written approval. Licensor shall be entitled to a copy of the prevailing certificate of
insurance, which shall be furnished to Licensor by Licensee. The certificate(s) shall conform to the language requirements set
out in Exhibit G attached hereto. All such approvals or disapprovals shall be delivered to Licensee within five business days following
request by Licensee and if not so delivered shall be deemed approved.

 

		20.2	For purposes of this Section 20, the term “Licensor” shall mean Licensor, including without limitation, its agents,
employees, servants, representatives, parents, subsidiaries, affiliates, officials, directors, officers, shareholders, attorneys,
divisions, branches, units, affiliated organizations, successors, predecessors, contractors, assigns, and all persons acting by,
through, under, or in concert with them, past or present, specifically including Ms. Ireland, kathy ireland Worldwide, Sterling/Winters
Company, or its executives and employees.

 

21INSOLVENCY;
CHANGE OF CONTROL

 

		21.1	If Licensee files a petition in bankruptcy or is adjudicated a bankrupt or if a petition in bankruptcy is filed against Licensee,
or if it becomes dissolved, or becomes insolvent or unable to pay or discharge its liabilities in the ordinary course of business,
or if Licensee assigns the whole or any substantial part of its assets or undertakings for the benefit of creditors or makes an
assignment for the benefit of its creditors or any similar arrangement pursuant to any federal or state law, compulsory or voluntarily,
or if a receiver or other similar officer is appointed for the whole or any part of the assets or undertakings of Licensee or its
business, or if Licensee stops payment to its creditors generally, or ceases or threatens to cease to carry on its business or
any substantial part thereof, Licensor may terminate this Agreement by giving notice to Licensee of its intention to terminate
and such termination shall be effective immediately. Licensor is aware of and consents to Licensee's intention to merge with, or
otherwise be acquired by, another entity ("Parent") so that Licensee will become a wholly owned subsidiary of Parent
(the "Merger") and that following the Merger the current shareholders of Licensee will remain in control of the post
Merger entity. Following the Merger nothing herein set forth shall prevent Licensee from acquiring or being acquired by another
entity or entering into any corporate transaction deemed to be favorable to Licensee, its shareholders or shareholders of Parent
provided no such transaction shall be permitted hereunder with any purchaser, acquirer or merger candidate or any other third party
that is engaged in the business of marketing or selling fire arms, tobacco or alcohol or is engaged in adult entertainment or providing
other products and services associated with sexual, prurient or illicit activity that in the reasonable judgment of Licensor may
demean or cause harm to the Brand (each a "Proscribed Transaction" in the singular and, if in the plural, "Proscribed
Transactions"). In the event a Proscribed Transaction, Licensor may elect to terminate the License. In the event this Agreement
is so terminated, and other than as set forth in paragraph 26.2 below, Licensee, its receivers, representatives, trustees, agents,
administrators, successors, and/or assigns shall have no right to sell, exploit, or in any way deal with or in any Licensed Products
covered by this Agreement or any related advertising, marketing, promotional, and display materials, including without limitation
cartons, containers, packing, and wrapping materials, except with and under the special consent and instructions of Licensor in
writing, which they shall be obligated to follow.

 

    	-26-

    	 

    

  

		21.2	In the event this Agreement is so terminated under this Section 21 or is terminated under Section 22, Licensee, its receivers,
representatives, trustees, agents, administrators, successors, and/or assigns shall have no right to sell, exploit, or in any way
deal with or in any Licensed Products covered by this Agreement or any related advertising, marketing, promotional, and display
materials, including without limitation cartons, containers, packing, and wrapping materials, except with and under the special
consent and reasonable instructions of Licensor in writing, which they shall be obligated to follow, provided nothing herein set
forth shall restrict the rights of Licensee to sell its inventory following termination according to the provisions of paragraph
26.2 below.

 

22TERMINATION

 

		22.1	Except as otherwise provided herein, in the event either party breaches or fails to perform any of its material duties and
obligations pursuant to the terms of this Agreement, the non-breaching party shall have the right to terminate this Agreement upon
thirty (30) days' notice in writing, and such notice of termination shall become effective unless the breaching party shall remedy
the breach within the thirty (30) day period to the reasonable satisfaction of the non-breaching party. The Parties agree to make
a reasonable effort to resolve any disputes or breaches prior to exercising the right of termination.

 

		22.2	Termination of this Agreement shall be without prejudice to any rights, which Licensor may otherwise have against Licensee
or which Licensee may have against Licensor. Upon the termination of this Agreement, notwithstanding anything to the contrary herein,
all royalties on sales theretofor made and collected and any other monies owed, shall become immediately due and payable, and all
rights and licenses granted hereunder shall cease and revert to Licensor. Other than as may be permitted by paragraph 26.2 below,
Licensee shall immediately cease and desist from using the Licensed Marks in any way. Unless otherwise stated in this Agreement,
and except as may be permitted by paragraph 26.2 below, Licensee shall have no right to sell, exploit, or in any way deal with
or in any Licensed Products covered by this Agreement or any related advertising, marketing, promotional, and display materials,
including without limitation cartons, containers, packing, and wrapping materials, except with and under the special consent and
instructions of Licensor in writing, which they shall be obligated to follow. Licensee shall immediately return any and all Confidential
Information of Licensor to Licensor, as well as marketing and advertising materials bearing the Licensed Marks and Licensor shall
immediately return any and all confidential or non-public information and materials of Licensee to Licensee.

  

    	-27-

    	 

    

  

		22.3	Upon the natural expiration or termination of this Agreement, neither Party shall make any publicly disparaging comments regarding
the other or its business, whether written, oral, or electronic. This provision shall survive the expiration or termination of
this Agreement. However, nothing herein shall limit either Party’s right to arbitration or other judicial remedies as set
out in this Agreement.

 

		22.4	Licensee acknowledges that a failure (except as otherwise expressly provided herein) to cease the manufacture, sale, transmission,
broadcast or distribution of the Licensed Products upon the terminations or expiration of this License Agreement will result in
immediate and irreparable damage to Licensor and Ms. Ireland. Licensee further acknowledges that there is no adequate remedy at
law for such failure to cease manufacture, sale or distribution, and in the event of such failure, Licensor and / or Ms. Ireland
shall be entitled to equitable relief and such further relief as a court or agency with jurisdiction may deem just and proper.

 

		22.5	Upon termination or expiration of this License Agreement, all of Licensee's rights granted
                                                              hereunder including all Licensee's rights and interest in and to the Licensed Marks including but not limited to,  ,
                                                              copyright, trademark, service mark, trade dress and all additions and changes thereto, trade secret rights, and goodwill
                                                              relating to the Licensed Marks shall revert to Licensor. Each Party agrees with the other promptly to execute all documents
                                                              that may be reasonably necessary to effect the rights of the other in their respective intellectual property. This right and
                                                              obligation shall survive the terminations or expiration of this Agreement.

 

23FORCE
MAJEURE

 

		23.1	The Parties shall be released from their obligations hereunder, and this Agreement shall terminate in the event that governmental
regulations or regulatory causes beyond the control of the Parties render performance impossible for a period of three months or
more, and one Party so informs the other in writing of such causes and its desire to be so released. In such event, all royalties
that are then due and all other monies then owing, including pro rated minimum annual royalties for that contract year shall become
immediately due and promptly payable to Licensor. In the event of causes arising out of a state or national emergency or war including
nature disaster or other acts of God all parties are released of their obligations immediately.

 

24NOTICES

 

		24.1	Any notice, communication, statement, payment, or legal service of process required or permitted under this Agreement shall
be in writing and shall be effective when hand delivered; or on the date when the notice, communication, statement, payment, or
legal service of process is transmitted by confirmed electronic facsimile (with a confirmation copy sent by mail); or the day after
the notice, communication, statement, payment, or legal service of process is sent by reputable overnight air courier service (e.g.,
Federal Express). All such communications shall be sent to the Parties at the notice addresses listed below or to such other persons
and the Parties to each other may designate notice addresses as in writing.

 

	If to Licensor:	kathyireland Worldwide

                                                                                PO
Box #1410 

Rancho Mirage, CA 92270 

Facsimile: 310 557-1722 

Attention: Erik Sterling 

Email: esterling@sterlingwinters.com
	

 

    	-28-

    	 

    

 

	With
    a copy to:	Mr.
        Tom Hoberman

        FAX:
        310) 550-5220

        Email:
        tt@hjth.com

	 	 
	If
    to Licensee:	NuGene
        Inc.

        720
        Paularino Avenue

        Costa
        Mesa, California 92626

        Facsimile
        No.: 714-641-2646

        Attention:
        Ali Kharazmi

        Email:
        mak41258@aol.com

	 	 
	With
    a copy (not

 constituting 

notice) to:	Mr.
    Aaron A. Grunfeld
	 	Email:
    agrunfeld@grumfeldlaw.com

 

25NEGATION
OF AGENCY

 

		25.1	Licensee is an independent contractor. Nothing contained herein shall be deemed to create an agency, joint venture, franchise,
or partnership relation between the Parties, and neither Party shall so hold itself out. Licensee shall have no right to obligate
or bind Licensor in any manner whatsoever, and nothing contained in this Agreement shall give, or is intended to give, any rights
of any kind to any third person(s).

 

26
ASSIGNABILITY

 

		26.1	This Agreement shall inure to the benefit of Licensor, its successors, and assigns, but will be personal to Licensee, and shall
be assignable by Licensee only with the prior written consent of Licensor. Licensee shall not mortgage, assign, sub-license, or
otherwise encumber this Agreement without the prior written consent of Licensor. Licensor shall be entitled to assign this Agreement
to any third party with notice to Licensee, including any such assignment in connection with the sale or transfer of Licensor’s
business.

 

		26.2	If this Agreement is terminated for any reason, Licensee shall have a period of six (6) months from the effective date of termination
in which to sell off its inventory of Licensed Products, subject to the terms and conditions of this Agreement, including paying
applicable Royalties.

 

27MODIFICATION
AND WAIVER

 

		27.1	Except as otherwise provided herein, no agreement or understanding
                                         purporting to add to or to modify the terms and conditions of this Agreement shall be
                                         binding unless agreed to by the Parties in writing. Any terms and conditions set forth
                                         in any forms used by the Parties, which are in conflict with the terms and conditions
                                         of this Agreement, shall be void and have no effect. The Parties further agree that the
                                         Exhibits to this Agreement may be modified, amended, altered, and/or supplemented
                                         from time to time in writing signed by authorized representatives of the Parties.

 

    	-29-

    	 

    

 

		27.2	It is agreed that no waiver by either Party hereto or any breach or default of any of the provisions set forth herein shall
be deemed a waiver as to any subsequent and/or similar breach or default.

 

28GOVERNING
LAW

 

		28.1	This Agreement shall be construed in accordance with and the laws of the State of California shall govern all disputes relating
hereto without giving effect to any conflicts of law provisions.

 

29CONFIDENTIALITY

 

		29.1	The Parties agree that the terms, conditions, and subject matter
                                         of this Agreement constitute confidential and proprietary information belonging to Licensor
                                         and where applicable constitute confidential and proprietary information belonging to
                                         Licensee. Each Party agrees not to divulge any confidential and proprietary information
                                         pertaining to the other Party or this Agreement to any third party without prior written
                                         consent of the other Party. Each of Licensee and Licensor shall take any and all lawful
                                         measures to prevent the unauthorized use and/or disclosure of such confidential information
                                         belonging to the other, and to prevent unauthorized persons or entities from obtaining
                                         or using such information. Each Party further agrees to refrain from directly or indirectly
                                         taking any action, which would constitute or facilitate the unauthorized use or disclosure
                                         of such confidential information belonging to the other. Each Party may disclose such
                                         confidential and proprietary information to its officers, directors, employees, agents,
                                         and authorized representatives to the extent necessary to enable each Party to perform
                                         its obligations under this Agreement, provided that said officers, directors, employees,
                                         agents, and/or authorized representatives execute an appropriate confidentiality agreement
                                         reasonably satisfactory to the other Party, which by its terms shall be enforceable by
                                         injunctive relief. Each Party shall be liable to the other shall be liable for any unauthorized
                                         use and disclosure of such confidential information by its officers, directors, employees,
                                         agents, and authorized representatives, including without limitation its attorneys and
                                         accountants. The Parties further agree that any breach or threatened breach of this Section
                                         would cause irreparable harm to to the Party whose confidential information has been
                                         so
                                         disclosed or so compromised, that a remedy at law or in damages would be inadequate,
                                         and that the provisions of this Section may be enforced by way of injunctive relief in
                                         addition to any other rights available to Licensor in law or in equity. Notwithstanding
                                         the foregoing or anything else herein set forth, Licensee or its parent shall be permitted
                                         to attach a copy of this Agreement, and all attachments thereto, as an exhibit to filings
                                         that are made with the United States Securities and Exchange Commission, and to disclose
                                         the general contents of this Agreement to the extent it is advised that such disclosure
                                         is necessary or appropriate under applicable federal or state securities laws or other
                                         applicable regulations

 

		29.2	For purposes of this Agreement, “confidential and proprietary information” includes, but is not limited to, the
terms, conditions, and subject matter of this Agreement, and Licensor’s or Licensee's business, including any financial,
cost, pricing, and royalty information; product development, business, marketing, promotion, distribution, sales, sales plans,
and strategies; information concerning Licensor’s or Licensee’s product development and intellectual property; information
concerning manufacturing processes and formulas, marketing and efficacy studies, all as they relate to the Licensed Products and
other products of Licensee, or trade secrets. The foregoing confidentiality obligations shall not apply to information that:

 

    	-30-

    	 

    

 

(1)
was previously known to the recipient free of any obligation to keep it confidential;

(2)
was independently developed by recipient; or (3) is or becomes publicly available by means other than the unauthorized
disclosure by recipient.

  

		29.3	In the event that any judicial or regulatory authority requests or requires disclosure of any Confidential Information of the
other Party, the receiving Party shall promptly notify the disclosing Party of the requested or required disclosure and shall cooperate
with the disclosing Party in any effort to avoid or limit such disclosure, but not to extent of delaying any time period within
which disclosure is required to be made.

 

30   ENTIRE AGREEMENT
AND ADMISSIBILITY

 

		30.1	This Agreement constitutes the complete understanding between the Parties and supersedes any and makes void any and all prior
agreements, promises, representations, or inducements, no matter their form, concerning the subject matter of this Agreement. The
Parties desire that this Agreement shall represent a single and completely integrated contract expressing the entire agreement
of the Parties with respect to the subject matter of this Agreement. No promises, agreements, or modifications to this Agreement
made subsequent to the execution of this Agreement by the Parties shall be binding unless reduced to writing and signed by authorized
representatives of the Parties. The Parties to this Agreement agree that this Agreement may be used as evidence in any subsequent
proceeding in which any Party alleges a breach of this Agreement or seeks to enforce its terms, provisions, or obligations.

 

31   SEVERABILITY

 

		31.1	Whenever possible, each provision of this Agreement shall be interpreted in such a manner to be effective and valid under applicable
law. Should any of the provisions or terms of this Agreement be determined illegal, invalid, or unenforceable by any court of competent
jurisdiction, validity of the remaining parts, terms, or provisions shall not be affected thereby, and said illegal, invalid, or
unenforceable part, term, or provision shall be deemed not to be a part of this Agreement.

 

32   RECITALS AND SECTION HEADINGS

 

		32.1	The terms of this Agreement are contractual, not a mere recital, and are the result of joint negotiations between, and joint
drafting by, the Parties, and are therefore not to be construed in favor of or against either Party. All recitals are incorporated
by reference into this Agreement. Caption and paragraph headings are used for convenience and reference only, are no part of this
Agreement, and shall not be used in interpreting, construing, defining, limiting, extending, or describing the scope of this Agreement,
or any provision hereof, in any way.

 

33   ATTORNEY FEES AND
COSTS

 

		33.1	Should any action be necessary to enforce the terms of this Agreement, the prevailing Party will be entitled to recover reasonable
attorneys’ fees and costs.

 

34   EXECUTION
OF COUNTERPARTS

 

		34.1	This Agreement may be executed in two or more duplicate bond or facsimile counterparts, each of which shall be considered an
original, but all of which together shall constitute one and the same instrument, and in pleading or proving any provision of the
Agreement, it shall not be necessary to produce more than one such counterpart.

 

    	-31-

    	 

    

 

35  EQUITABLE RELIEF

 

		35.1	The Parties acknowledge that the subject matter of this Agreement relates to services and rights, which are extraordinary and
unique and which cannot be replaced or adequately compensated in money damages, and any breach by Licensee or Licensor of this
Agreement will cause irreparable injury to the other.

 

36   ARBITRATION

 

		36.1	The Parties agree that any and all disputes, controversies or claims arising out of, regarding, or in any way relating to the
interpretation, application, or enforcement of this Agreement, or any matter reasonably related thereto, shall be handled by way
of arbitration and administered by and in accordance with the JAMS Streamlined Arbitration Rules and Regulations (the “JAMS
Rules”) of the Judicial Arbitration and Mediation Service in effect at the time of any such proceedings. Such arbitration
shall be the sole, exclusive, and final remedy for resolving any such claims and disputes. Judgment on the final award rendered
by the arbitrator may be entered into in any court of competent jurisdiction and shall be final and binding upon the Parties.

 

		36.2	In the event the Parties cannot agree on an arbitrator within ten (10) days, the arbitrator shall be appointed by the Parties
in the following manner JAMS, and/or another alternative dispute resolution provider agreed upon by the Parties, shall furnish
the Parties with a list of potential qualified arbitrators. For purposes of this Section, a “qualified arbitrator” shall
mean a retired judge of a superior or appellate court or an experienced attorney agreed upon by the Parties. If any Party objects
to all the names on the list, AAA, and/or another alternative dispute resolution provider agreed upon by the Parties, shall provide
the Parties with an alternative list of potential qualified arbitrators; provided, however, that each Party shall be entitled to
so object only once. Once the Parties have agreed upon a particular list, or a list is furnished pursuant to the preceding sentence,
the Parties shall alternately eliminate unacceptable arbitrators until only one name remains. The remaining person shall be appointed
arbitrator. The Parties agree to draw lots to decide which Party shall remove the first name from the list of arbitrators. Should
a Party whose turn it is to eliminate an unacceptable arbitrator fail to do so within twenty-four (24) business hours of the written
request of the other Party, then the choice of the other Party of an arbitrator then remaining on such list shall be binding on
the Parties. All costs of the arbitration, including the cost of any record or transcript of the arbitration proceedings, all administrative
fees, the fee of the arbitrator, and all other fees and costs shall initially be borne equally by the Parties, provided, however,
that the arbitrator shall award the prevailing Party its reasonable attorneys’ fees, expenses and costs, including all costs
of arbitration.

 

		36.3	The arbitrator shall not extend, modify, or suspend any of the terms of this Agreement. The arbitration and all proceedings
related thereto shall be deemed private and confidential and, subject to the provisions of paragraph 29.1, shall not be disclosed
to the public by either the arbitrator or the Parties to the arbitration. If the rules of AAA, JAMS or another agreed upon alternative
dispute resolution provider differ from those of this Section, the provisions of this Section shall control.

 

    	-32-

    	 

    

 

		36.4	Notwithstanding the foregoing, the Parties may seek provisional relief, including a preliminary injunction or temporary restraining
order, in any federal or state court of competent jurisdiction located in Los Angeles, California, without prejudice to the above-described arbitration procedures, if in that Party’s sole judgment such provisional relief is necessary to avoid irreparable
injury or to preserve the status quo. Nevertheless, the arbitration procedure set forth in this Section is intended to be the sole
and exclusive method of resolving any claims arising out of, relating to, or regarding this Agreement.

 

(remainder
of the page intentionally left blank –  signature page follows)

 

    	-33-

    	 

    

 

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

 

kathy ireland WORLDWIDE, Inc.,

a California Corporation

 

	By:	/s/ Kathy Ireland	 
	Name:	 	 
	Title:	 	 

 

November __,
2014

 

NuGene
Inc., a California corporation

 

	By:	/s/ Ali Kharazmi	 
	Name: Ali Kharazmi	 
	Title: President	 

 

November 4,
2014

 

    	-1-

    	 

    

 

EXHIBIT
A

 

Licensed
Marks

 

		1.	Kathy Ireland likeness, only as approved in writing by Licensor and only in connection with the Licensed Products specified
in Exhibit B to this Agreement and only as shown in the following specimen(s): Specimen(s) are located on Examples on Brand
Partner Resource link; on kathyireland.com - upon your signature a password will be provided

 

		2.	kathy ireland logo(s) only for the Licensed Products
specified in Exhibit B to this Agreement and only as shown in the following specimen(s):

 

Examples
on Brand Partner Resource link; on kathyireland.com; upon your signature a password will be provided

 

Other
supporting brands as may be designated by Licensor in writing from time to time

 

    	- 1 -

    	 

    

 

EXHIBIT
B

 

LICENSED PRODUCTS:

 

Each of the
following products of Licensee containing stem cell derived or containing biologically active or biologically derived ingredients:
NuGene Face Wash, NuGene Universal Cream, NuGene Universal Serum, NuGene Light and Bright, NuGene Eye Serum, NuGene Anti-Hair Loss
Serum, NuGene Regenerative Shampoo & Conditioner, NuGene FaceMask, NuGene Melasma Serum, NuGene Acne Serum, NuGene Revitalizing
Night Cream, NuGene Toner NuGene Body Lotion, NuGene Specialty Soap, NuGene Neck & Decollete Lotion, Advanced Infusion Serums
and other age defying products that are stem cell derived or which contain biologically active or biologically derived ingredients.

 

CHANNELS OF DISTRIBUTION:

 

Approved channels
of distribution include Web Advertising and, Physicians and Spas, Retail Stores (other than those excluded in the paragraph which
immediately follows), Duty Free Shops; retail websites owned and operated by retailers in the above channels, Licensee’s
websites, websites maintained by American Express alone or with partners such as vente-prive, as well as dermstore.com and Alphaeon.com;
Nordstrom's, Sephora, Dillards, Bloomingdales, Saks, Neiman Marcus, Bergdorf Goodman, Macy's and other categories of “Macy's
and above” stores, as well as all military and post exchange stores.

 

Price Club,
Sam’s Club, Fedco and other “Club” type stores are currently excluded but will be permitted commencing any year
in which Licensee achieves sales of $5 million or more.

 

Mass Market,
discount and Low Tier Department Stores (i.e., Wal-Mart, K-Mart, Target, and Sears), are excluded from the approved Channels of
Distribution under this Agreement. Internet Retailers will be handled on an individually approved by Licensor basis, and except
as so proscribed herein, all other channels shall be permitted.

 

Licensed
Products bearing the “kathy ireland” mark may not be sold in the home improvement, drugstore, or food and grocery Channels
of Distribution.

 

Televised retail
channels (HSN, QVC, etc.) are specifically excluded from the approved Channels of Distribution.

 

    	- 2 -

    	 

    

 

EXHIBIT C

 

CODE
OF CONDUCT

 

 

1. PURPOSE:
[LICENSEE] is committed to using only manufacturers to strive to conduct business in a highly professional and ethical manner.
This document outlines those commitments each facility makes in respect to its compliance with applicable law and tis personal
practices and policies.

 

 

2. CHILD
LABOR: The facility agrees not to use child labor in the manufacturing, or distribution of the Goods. The term “child”
refers to a person younger than the local legal minimum age for employment or the age for completing compulsory education; provided,
however, in no event shall the Facility use any person below the age of (15) fifteen. The Facility also agrees to comply with all
other Laws applicable to employees, regardless of the age of an employee.

 

 

3.
FORCED LABOR: The Facility agrees to employ only persons whose presence is voluntary. The Facility agrees not to use any forced
or involuntary labor, whether prison, bonded, indentured or otherwise.

 

 

4. ABUSE
OF LABOR: The Facility agrees to treat each employee with dignity and respect and not to use corporal punishment, threats of violence,
or other forms of physical, sexual, psychological or verbal harassment or abuse.

 

 

    	- 3 -

    	 

    

 

5.
NON-DISCRIMINATION: The Facility agrees not to discriminate in hiring and employment practices, including salary, benefits, advancement,
discipline, termination, or retirement on the basis of race, religion, age, nationality, social or ethnic origin, sexual orientation,
gender, political opinion or disability.

 

 

6. ASSOCIATION:
The Facility agrees to follow employees to organize and bargain collectively without penalty or interference in accordance with
local Laws.

 

 

7. WAGES,
DENEFITS AND WORKING HOURS: The facility recognizes that wages are essential to meeting employee’s basic needs. The Facility
agrees to comply, at a minimum, with all applicable wages and hour Laws, including minimum wage, overtime hours, maximum hours,
piece rates and other elements of compensation and shall provide legally mandated benefits.

 

 

8. HEALTH
AND SAFETY: The Facility agrees to provide employees with a safe and healthy workplace environment in accordance with all applicable
Laws, ensuring at a minimum, reasonable access to potable water and sanitary facilities, fine safety and adequate lighting and
ventilation. The Facility also agrees to ensure that the same standards of health and safety are applied to any housing it provides
for employees.

 

 

9. COMPLIANCE:
The Facility agrees to take appropriate steps to ensure that the provisions of the COC are communicated to its employees, including
by prominent posting a copy of this COC in the local language on one or more bulletin boards in places readily accessible to employees
at all times.

 

    	- 4 -

    	 

    

 

 

10. ENVIRONMENT:
Business partners should share our concern for the environment and adhere to their local and national laws regarding the protection
and preservation of the environment.

 

 

11.
LEGAL REQUIREMENTS: Business partners should be in compliance with all legal requirements involved in conducting the business.

 

 

12. Our Business
Partners are required to provide full access to their facilities and those of their manufacturers, vendors and subcontractors,
and to release records relating to employment practices. We may conduct on-site inspections of facilities to monitor the standards
and assure the quality of our products.

 

 

Please report Violations Anonymously by emailing to: esterling@sterlingwinters.com

 

	
        esterling@sterlingwinters.com:

        
	 

 

    	- 5 -

    	 

    

 

EXHIBIT
D

 

INTENTIONALLY BLANK

 

    	- 6 -

    	 

    

 

EXHIBIT
E

 

Approved
Royalty Report Form

 

Examples on Brand Partner Resource link;

 

On kathyireland.com; upon your signature
a password will be provided

 

    	 

    	 

    

 

EXHIBIT F

 

Approved
Licensing Statement

 

Manufactured
and distributed by.

 

A
member of the

kathy
ireland Worldwide Partnership.

for
kathy ireland Worldwide.

 

Website

 

www.kathvireland.com

 

Approved
Mission Statement

 

“...finding
solutions for families,

especially
busy moms.”TM

 

“...encontrando
soluciones para familias,

especialmente
madres ocupadas.”TM

 

“...finding solutions for people
in love.”TM

 

“...finding solutions for people in Business.”TM

 

    	 

    	 

    

 

EXHIBIT
G

 

REQUIRED INSURANCE CERTIFICATE

 

Under Description of Operations state the following: 

 

Certificate Holder Kathy Ireland, kathy ireland Worldwide,
The Sterling/Winters

 

Company, subsidiaries, affiliates; their directors, officers
and employees are named additional insured with regards to liability arising out of operations of the named insured.

 

The Certificate Holder should be listed as:

 

kathy ireland Worldwide

PO Box #1410

Rancho Mirage, CA., 92270

 

Send copies of Certificate to:

 

kathy ireland Worldwide

Erik Sterling

FinancialCommittee@sterlingwinters.com

 

Jane Hirata

JHirata@mmibi.com

Momentous Insurance Brokerage, Inc.

 

    	 

    	 

    

 

EXHIBIT
H

 

LICENSEE’S PRINCIPAL SUPPLIERS

 

To be supplied
two business days following full execution of this Agreement by the Parties.

 

    	 

    	 

    

 

-
END OF CONTRACT-Exhibit 10.4

 

STANDARD
SUBLEASE AGREEMENT

 

1.   Parties.
This Sublease, dated, for reference purposes only, December
1, 2014 is made by and between
Advanced Surgical Partners, Inc., a California corporation (herein
called “Sublessor”) and Nugene, Inc., a California corporation (herein
called “Sublessee”).

2.  
Premises. Sublessor hereby subleases to Sublessee and
Sublessee hereby subleases from Sublessor for the term, at the rental, and upon all of the conditions set forth herein, that certain
real property situated in the County of Orange,
State of California, commonly known as
17912 Cowan Street Irvine, CA 92614 and
described as Said real property, including the land and all improvements thereon, is hereinafter called the "Premises".

3.   Term.

3.1  Term.
The term of this Sublease shall be for Twelve
Months,
commencing on December
1,
2014 , unless sooner terminated pursuant to any provision hereof.

3.2  Delay
in Commencement. Notwithstanding said commencement date, if for any reason Sublessor cannot
deliver possession of the Premises to Sublessee on said date. Sublessor shall not be subject to any liability therefore, nor shall
such failure affect the validity of this Lease or the obligations of Sublessee hereunder or extend the term hereof, but in such
case Sublessee shall not be obligated to pay rent until possession of the Premises is tendered to Sublessee; provided, however,
that if Sublessor shall not have delivered possession of the Premises within sixty (60) days from said commencement date, Sublessee
may, at Sublessee's option, by notice in writing to Sublessor within ten (10) days thereafter, cancel this Sublease, in which
event the parties shall be discharged from all obligations thereunder. If Sublessee occupies the Premises prior to said commencement
date, such occupancy shall be subject to all provisions hereof, such occupancy shall not advance the termination date and Sublessee
shall pay rent for such period at the initial monthly rates set forth below.

4.   Rent. Sublessee
shall pay to Sublessor as rent for the Premises equal monthly payments of $ 12,000.00 in
advance, on the First day of each
month of the term hereof. Sublessee shall pay Sublessor upon the execution hereof $ 12,000.00 as
rent for December 2014.

Rent
for any period during the term hereof which is for less than one month shall be a prorata portion of the monthly installment.
Rent shall be payable in lawful money of the United States to Sublessor at the address stated herein or to such other persons
or at such other places as Sublessor may designate in writing.

5.   Security
Deposit. Sublessee shall deposit with Sublessor upon execution hereof $ Zero
as security for Sublessee's faithful performance of Sublessee's obligations hereunder. If Sublessee fails to pay rent or
other charges due hereunder, or otherwise defaults with respect to any provision of this Sublease, Sublessor, may use, apply or
retain all or any portion of said deposit for the payment of any rent or other charge in default or for the payment of any other
sum to which Sublessor may become obligated by reason of Sublessee's default, or to compensate Sublessor for any loss or damage
which Sublessor may suffer thereby. If Sublessor so uses or applies all or any portion of said deposit, Sublessee shall within
ten (10) days after written demand therefore deposit cash with Sublessor in an amount sufficient to restore said deposit to the
full amount hereinabove stated and Sublessee's failure to do so shall be a material breach of this Sublease. Sublessor shall not
be required to keep said deposit separate from its general accounts. If Sublessee performs all of Sublessee's obligations hereunder,
said deposit, or so much thereof as has not theretofore been applied by Sublessor, shall be returned, without payment of interest
or other increment for its use to Sublessee (or at Sublessor s option, to the last assignee, if any, of Sublessee's interest hereunder)
at the expiration of the term hereof, and after Sublessee has vacated the Premises. No trust relationship is created herein between
Sublessor and Sublessee with respect to said Security Deposit.

6.  Use.

6.1  Use.
The Premises shall be used and occupied only for Research
and Development.

 

    	 

    	 

    

 

6.2  Compliance
with Law.

(a)  Sublessor
warrants to Sublessee that the Premises, in its existing state, but without regard to the use for which Sublessee will use the
Premises, does not violate any applicable building code regulation or ordinance at the time that this Sublease is executed. In
the event that it is determined that this warranty has been violated, then it shall be the obligation of the Sublessor, after
written notice from Sublessee, to promptly, at Sublessor's sole cost and expense, rectify any such violation. In the event that
Sublessee does not give to Sublessor written notice of the violation of this warranty within 1 year from the commencement of the
term of this Sublease, it shall be conclusively deemed that such violation did not exist and the correction of the same shall
be the obligation of the Sublessee.

(b)  Except
as provided in paragraph 6.2(a). Sublessee shall, at Sublessee's expense, comply promptly with all applicable statutes, ordinances,
rules, regulations, Orders, restrictions of record, and requirements in effect during the term or any part of the term hereof
regulating the use by Sublessee of the Premises.

Sublessee
shall not use or permit the use of the Premises in any manner that will tend to create waste or a nuisance or, if there shall
be more than one tenant of the building containing the Premises, which shall tend to disturb such other tenants.

6.3  Condition
of Premises. Except as provided in paragraph 6.2(a) Sublessee hereby accepts the Premises in their condition existing as of the
date of the execution hereof, subject to all applicable zoning, municipal, county and state laws, ordinances, and regulations
governing and regulating the use of the Premises, and accepts this Sublease subject thereto and to all matters disclosed thereby
and by any exhibits attached hereto Sublessee acknowledges that neither Sublessor nor Sublessor’s agents have made any representation
or warranty as to the suitability of the Premises for the conduct of Sublessee’s business.

7.   Master
Lease

7.1  Sublessor
is the lessee of the premises by virtue of a lease, hereinafter referred to as the “Master Lease”, a copy of which
is attached hereto marked Exhibit 1. Dated November
19,
2014 wherein Pan
Pacific Plumbing is the lessor, hereinafter referred to as the “Master Lessor”.

7.2  This
Sublease is and shall be at all times subject and subordinate to the Master Lease.

7.3  The
terms, conditions and respective obligations of Sublessor and Sublessee to each other under this Sublease shall be the terms and
conditions of the Master Lease except for those provisions of the Master Lease which are directly contradicted by this Sublease
in which event the terms of this Sublease docuent shall control over the Master Lease. Therefore, for the purposes of this Sublease,
wherever in the Master Lease the word “Lessor” is used it shall be deemed to mean the Sublessor herein and wherever
in the Master Lease the word “Lessee” is used it shall be deemed to mean the Sublessee herein.

7.4  During
the term of this Sublease and for all periods subsequent for obligations which have arisen prior to the termination of this Sublease
Sublessee does hereby expressly assume and agree to perform and comply with, for the benefit of Sublessor and Master Lessor, each
and every obligation of Sublessor under the Master Lease except for the following paragraphs which are excluded therefrom: N/A

7.5  The
obligations that Sublessee has assumed under paragraph 7.4 hereof are hereinafter referred to as the "Sublessee's Assumed
Obligations". The obligations that Sublessee has not assumed under paragraph 7.4 hereof are hereinafter referred to as the
"Sublessor's Remaining Obligations".

7.6  Sublessee
shall hold Sublessor free and harmless of and from all liability, judgments, costs, damages, claims or demands, including reasonable
attorneys fees, arising out of Sublessee's failure to comply with or perform Sublessee's Assumed Obligations.

7.7  Sublessor
agrees to maintain the Master Lease during the entire term of this Sublease, subject, however, to any earlier termination of the
Master Lease without the fault of the Sublessor, and to comply with or perform Sublessor's Remaining Obligations and to hold Sublessee
free and harmless of and from all liability, judgments, costs, damages, claims or demands arising out of Sublessor’s failure
to comply with or perform Sublessor's Remaining Oblioations.

7.8  Sublessor
represents to Sublessee that the Master Lease is in full force and effect and that no default exists on the part of any party
to the Master Lease.

8.   Assignment
of Sublease and Default.

8.1  Sublessor
hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefrom,
subject however to terms of Paragraph 8.2 hereof.

 

    	 

    	 

    

 

8.2  Master
Lessor, by executing this document, agrees that until a default shall occur in the performance of Sublessor's Obligations under
the Master Lease, that Sublessor may receive, collect and enjoy the rents accruing under this Sublease. However, if Sublessor
shall default In the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect,
directly from Sublessee, all rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment
of the Sublease nor by reason of the collection of the rents from the Sublessee, be deemed liable to Sublessee for any failure
of the Sublessor to perform and comply with Sublessor's Remaining Obligations.

8.3  Sublessor
hereby irrevocably authorizes and directs Sublessee, upon receipt of any written notice from the Master Lessor stating that a
default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the rents due and
to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request
from Master Lessor, and that Sublessee shall pay such rents to Master Lessor without any obligation or right to inquire as to
whether such default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have
no right or claim against Sublessee for any such rents so paid by Sublessee.

8.4  No
changes or modifications shall be made to this Sublease without the consent of Master Lessor.

9.   Consent
of Master Lessor.

9.1  In
the event that the Master Lease requires that Sublessor obtain the consent of Master Lessor to any subletting by Sublessor then,
this Sublease shall not be effective unless, within 10 days of the date hereof, Master Lessor signs this Sublease thereby giving
its consent to this Subletting.

9.2  In
the event that the obligations of the Sublessor under the Master Lease have been guaranteed by third parties then this Sublease,
nor the Master Lessor’s consent, shall not be effective unless, within 10 days of the date hereof, said guarantors sign
this Sublease thereby giving guarantors consent to this Sublease and the terms thereof.

9.3  In
the event that Master Lessor does give such consent then:

(a)  Such
consent will not release Sublessor of its obligations or alter the primary liability of Sublessor to pay the rent and perform
and comply with all of the obligations of Sublessor to be performed under the Master Lease.

(b)  The
acceptance of rent by Master Lessor from Sublessee or any one else liable under the Master Lease shall not be deemed a waiver
by Master Lessor of any provisions of the Master Lease.

(c)  The
consent to this Sublease shall not constitute a consent to any subsequent subletting or assignment.

(d)  In
the event of any default of Sublessor under the Master Lease, Master Lessor may proceed directly against Sublessor, any guarantors
or any one else liable under the Master Lease or this Sublease without first exhausting Master Lessor's remedies against any other
person of, entity liable thereon to Master Lessor.

(e)  Master
Lessor may consent to subsequent sublettings and assignments of the Master Lease or this Sublease or any amendments or modifications
thereto without notifying Sublessor nor any one else liable under the Master Lease and without obtaining their consent and such
action shall not relieve such persons from liability.

(f)  In
the event that Sublessor shall default in its obligations under the Master Lease, then Master Lessor, at its option and without
being obligated to do so, may require Sublessee to attorn to Master Lessor in which event Master Lessor shall undertake the obligations
of Sublessor under this Sublease from the time of the exercise of said option to termination of this Sublease but Master Lessor
shall not be liable for any prepaid rents nor any security deposit paid by Sublessee, nor shall Master Lessor be liable for any
other defaults of the Sublessor under the Sublease.

9.4  The
signatures of the Master Lessor and any Guarantors of Sublessor at the end of this document shall constitute their consent to
the terms of this Sublease.

9.5  Master
Lessor acknowledges that, to the best of Master Lessor's knowledge, no default presently exists under the Master Lease of obligations
to be performed by Sublessor and that the Master Lease is in full force and effect.

9.6  In
the event that Sublessor defaults under its obligations to be performed under the Master Lease by Sublessor, Master Lessor agrees
to deliver to Sublessee a copy of any such notice of default. Sublessee shall have the right to cure any default of Sublessor
described in any notice of default within ten days after service of such notice of default on Sublessee. If such default is cured
by Sublessee then Sublessee shall have the right of reimbursement and offset from and against Sublessor.

 

    	 

    	 

    

 

10.  Brokers
Fee.

10.1  Upon
execution hereof by all parties, Sublessor shall pay to NOT
APPLICABLE a licensed real estate broker, (herein called Broker"), a fee as set forth in a separate agreement between
Sublessor and Broker, or in the event there is no separate agreement between Sublessor and Broker, the sum of $ NOT
APPLICABLE for brokerage services rendered by Broker to Sublessor in this transaction.

10.2  Sublessor
agrees that it Sublessee exercises any option or right of first refusal granted by Sublessor herein, or any option or right substantially
similar thereto, either to extend the term of this Sublease, to renew this Sublease, to purchase the Premises, or to lease or
purchase adjacent property which Sublessor may own or in which Sublessor has an interest, or if Broker is the procuring cause
of any lease, sublease, or sale pertaining to the Premises or any adjacent property which Sublessor may own or in which Sublessor
has an interest, then as to any of said transactions Sublessor shall pay to Broker a fee, in cash, in accordance with the schedule
of Broker in effect at the time of the execution of this Sublease. Notwithstanding the foregoing, Sublessor's obligation under
this Paragraph 10.2 is limited to a transaction in which Sublessor is acting as a Sublessor, lessor or seller.

10.3  Master
Lessor agrees, by its consent to this Sublease, that if Sublessee shall exercise any option or right of first refusal granted
to Sublesssee by Master Lessor in connection with this Sublease, or any option or right substantially similar thereto, either
to extend the Master Lease, to renew the Master Lease, to purchase the Premises or any part thereof, or to lease or purchase adjacent
property which Master Lessor may own or in which Master Lessor has an interest, or if Broker is the procuring cause of any other
lease or sale entered into between Sublessee and Master Lessor pertaining to the Premises, any part thereof, or any adjacent property
which Master Lessor owns or in which it has an interest, then as to any of said transactions Master Lessor shall pay to Broker
a fee, in cash, in accordance with the schedule of Broker in effect at the time of its consent to this Sublease.

10.4  Any
fee due from Sublessor or Master Lessor hereunder shall be due and payable upon the exercise of any option to extend or renew,
as to any extension or renewal; upon the execution of any new lease, as to a new lease transaction or the exercise of a right
of first refusal to lease; or at the close of escrow, as to the exercise of any option to purchase or other sale transaction.

10.5  Any
transferee of Sublessor’s interest in this Sublease, or of Master Lessor’s interest in the Master Lease, by accepting
an assignment thereof, shall be deemed to have assumed the respective obligations of Sublessor or Master Lessor under this Paragraph
10. Broker shall be deemed to be a third-party beneficiary of this paragraph 10.

11.  Attorney’s
fees. If any party or the Broker named herein brings an action to enforce the terms hereof or
to declare rights hereunder, the prevailing party in any such action, on trial and appeal, shall be entitled to his reasonable
attorney’s fees to be paid by the losing party as fixed by the Court. The provision of this paragraph shall inure to the
benefit of the Broker named herein who seeks to enforce a right hereunder.

 

    	 

    	 

    

 

12.  Additional
Provisions. [If there are
no additional provisions draw a line from this point to the next printed word after the space left here. If there are additional
provisions place the same here.]

 

If
this Sublease has been filled in it has been prepared for submission to your attorney for his approval. No representation or recommendation
is made by the real estate broker or its agents or employees as to the legal sufficiency, legal effect, or tax consequences of
this Sublease or the transaction relating thereto.

 

	Executed
    at: Orange County, California	 	 
	 	 	 
	On:
    December 1, 2014 	 	By:	/s/
    Ali Kharazmi 
	 	 	 	 
	Address:	 	By:	Ali
    Kharazmi, Advanced Surgical Partners, Inc.
	 	 	“Sublessor”
	720
    Paularino Avenue, Ste 200, Costa Mesa, CA 92626	 	 
	 	 	 
	Executed
    at: Orange County, California	 	 
	 	 	 
	On:
    December 1, 2014 	 	By:	/s/ Ali
    Kharazmi
	 	 	 	 
	Address:	 	By:	Ali
    Kharazmi, NuGene, Inc.
	 	 	“Sublessee”
	720
    Paularino Avenue, Ste 200, Costa Mesa, CA 92626	 	 

 

    	 

    	 

    

 

 

STANDARD SUBLEASE

MULTI-TENANT

AIR COMMERCIAL REAL ESTATE ASSOCIATION

 

		1.	Basic Provisions (“Basic Provisions”).

 

1.1          Parties:
This Sublease (“Sublease”), dated for reference purposes only November 19, 2014, is made by and between
Pan Pacific Plumbing, a California Corporation (“Sublessor”) and Advanced Surgical Partners, Inc., a California
Corporation (“Sublessee”), (collectively the “Parties”, or individually a “Party”).

 

1.2(a)     Premises:
That certain portion of the Project (as defined below), known as 17912 Cowan consisting of approximately 20,066 - square feet
(“Premises”). The Premises are located at: 17912 Cowan Street, in the City of Irvine, County of Orange, State
of California, with zip code 92614. In addition to Sublessee’s rights to use and occupy the Premises as hereinafter specified,
Sublessee shall have nonexclusive rights to the Common Areas (as defined below) as hereinafter specified, but shall not have any
rights to the roof, the exterior walls, or the utility raceways of the building containing the Premises (“Building”)
or to any other buildings in the Project: The Premises, the Building, the Common Areas, the land upon which they are located,
along with all other buildings and improvements thereon, are herein collectively referred to as the “Project.”

 

1.2(b)     Parking:
(40) up to forty unreserved and (0) zero reserved vehicle parking spaces.

 

1.3         Term:
-------------------------- years and (7) seven months commencing December 01, 2014 (“Commencement Date”)
and ending June 30, 2015 (“Expiration Date”).

 

1.4         Early
Possession: If the Premises are available Sublessee may have non-exclusive possession of the Premises commencing upon lease
execution, insurance provided, and Sublessor vacating. (“Early Possession Date”).

 

1.5         Base
Rent: $12,000.00 per month (“Base Rent)”, payable on the (1st) first day of each month commencing January
01, 2015.

 

 ̈ If this box is checked, there are provisions in this Sublease for the
Base Rent to be adjusted.

 

1.6         Sublessee’s
Share of Operating Expenses: ------------------ percent ( ------ %) (“Sublessee’s Share”).
In the event that that size of the Premises and/or the Project are modified during the term of this Lease, Lessor shall recalculate
Lessee’s Share to reflect such modification.

 

1.7         Base
Rent and Other Monies Paid Upon Execution:

 

(a)         Base
Rent: $12,000.00 for the period December 2014

 

(b)         Security
Deposit: $12,000.00 (“Security Deposit”).

 

(c)         Other:
$------------- for                            .

 

(d)         Total
Due Upon Execution of this Lease: $24,000.00.

 

1.8          Agreed
Use: The Premises shall be used and occupied only for research and development, and for no other purposes.

 

1.9         Real
Estate Brokers:

 

(a)         Representation:
The following real estate brokers (the “Brokers”) and brokerage relationships exist in this transaction
(check applicable boxes):

 

 ̈
___________________________________________________ represents Sublessor exclusively (“Sublessor’s Broker”);

 

 ̈
___________________________________________________ represents Sublessee exclusively (“Sublessee’s Broker”);
or

 

þ Voit
Real Estate Services (Todd Martens) represents both Sublessor and Sublessee (“Dual Agency”).

 

(b)         Payment
to Brokers: Upon execution and delivery of this Sublease by both Parties, Sublessor shall pay to the Brokers the brokerage
fee agreed to in a separate written agreement (or if there is no such agreement, the sum of ------------ or ---------
% of the total Base Rent) for the brokerage services rendered by the Brokers.

 

1.10          Guarantor.
The obligations of the Sublessee under this Sublease shall be guaranteed by __________________________________________________________________________________________________________________________________________________________________
(“Guarantor”).

 

1.11          Attachments.
Attached hereto are the following, all of which constitute a part of this Sublease:

 

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		þ	an Addendum consisting of Paragraphs 14.1
through 14.4;

		 ̈	a plot plan depicting the Premises and/or
Project;

		 ̈	a current set of the Rules and Regulations;

		 ̈	a Work Letter;

		þ	a copy of the Master Lease;

		þ	other (specify): Floor Plan - Depicting
where long-term operations will be located.

 

		2.	Premises.

2.1          Letting.
Sublessor hereby subleases to Sublessee, and Sublessee hereby subleases from Sublessor, the Premises, for the term, at the rental,
and upon all of the terms, covenants and conditions set forth in this Sublease. While the approximate square footage of the Premises
may have been used in the marketing of the Premises for purposes of comparison, the Base Rent stated herein is NOT tied to square
footage and is not subject to adjustment should the actual size be determined to be different. Note: Sublessee is advised to
verify the actual size prior to executing this Sublease.

2.2          Condition.
Sublessor shall deliver the Premises to Sublessee broom clean and free of debris on the Commencement Date or the Early Possession
Date, whichever first occurs (“Start Date”), and warrants that the existing electrical, plumbing, fire sprinkler,
lighting, heating, ventilating and air conditioning systems (“HVAC”), and any items which the Sublessor is obligated
to construct pursuant to the Work Letter attached hereto, if any, other than those constructed by Sublessee, shall be in good operating
condition on said date. If a noncompliance with such warranty exists as of the Start Date, or if one of such systems or elements
should malfunction or fail within the appropriate warranty period, Sublessor shall, as Sublessor’s sole obligation with respect
to such matter, except as otherwise provided in this Sublease, promptly after receipt of written notice from Sublessee setting
forth with specificity the nature and extent of such noncompliance, malfunction or failure, rectify same at Sublessor’s expense.
The warranty periods shall be as follows: (i) 6 months as to the HVAC systems, and (ii) 30 days as to the remaining systems and
other elements. if Sublessee does not give Sublessor the required notice within the appropriate warranty period, correction of
any such noncompliance, malfunction or failure shall be the obligation of Sublessee at Sublessee’s sole cost and expense

2.3          Compliance.
Sublessor warrants that any improvements, alterations or utility installations made or installed by or on behalf of Sublessor to
or on the Premises comply with all applicable covenants or restrictions of record and applicable building codes, regulations and
ordinances (“Applicable Requirements”) in effect on the date that they were made or installed. Sublessor makes
no warranty as to the use to which Sublessee will put the Premises or to modifications which may be required by the Americans with
Disabilities Act or any similar laws as a result of Sublessee’s use. NOTE: Sublessee is responsible for determining whether
or not the zoning and other Applicable Requirements are appropriate for Sublessee’s intended use, and acknowledges that past
uses of the Premises may no longer be allowed. If the Premises do not comply with said warranty, Sublessor shall, except as
otherwise provided, promptly after receipt of written notice from Sublessee setting forth with specificity the nature and extent
of such noncompliance, rectify the same.

2.4          Acknowledgements.
Sublessee acknowledges that (a) it has been given an opportunity to inspect and measure the Premises, (b) it has been advised by
Sublessor and/or Brokers to satisfy itself with respect to the condition of the Premises (including but not limited to the electrical,
HVAC and fire sprinkler systems, security, environmental aspects, and compliance with Applicable Requirements and the Americans
with Disabilities Act), and their suitability for Sublessee’s intended use, (c) Sublessee has made such investigation as
it deems necessary with reference to such matters and assumes all responsibility therefor as the same relate to its occupancy of
the Premises, (d) it is not relying on any representation as to the size of the Premises made by Brokers or Sublessor, (e) the
square footage of the Premises was not material to Sublessee’s decision to sublease the Premises and pay the Rent stated
herein, and (f) neither Sublessor, Sublessor’s agents, nor Brokers have made any oral or written representations or warranties
with respect to said matters other than as set forth in this Sublease. In addition, Sublessor acknowledges that: (i) Brokers have
made no representations, promises or warranties concerning Sublessee’s ability to honor the Sublease or suitability to occupy
the Premises, and (ii) it is Sublessor’s sole responsibility to investigate the financial capability and/or suitability of
all proposed tenants.

2.5          Americans
with Disabilities Act. In the event that as a result of Sublessee’s use, or intended use, of the Premises the Americans
with Disabilities Act or any similar law requires modifications or the construction or installation of improvements in or to the
Premises, Building, Project and/or Common Areas, the Parties agree that such modifications, construction or improvements shall
be made at:  ̈ Sublessor’s
expense  ̈ Sublessee’s
expense.

2.6          Vehicle
Parking. Sublessee shall be entitled to use the number of Unreserved Parking Spaces and Reserved Parking Spaces specified in
Paragraph 1.2(b) on those portions of the Common Areas designated from time to time for parking. Sublessee shall not use more
parking spaces than said number. Said parking spaces shall be used for parking by vehicles no larger than fullsize passenger automobiles
or pickup trucks, herein called “Permitted Size Vehicles.” Sublessor may regulate the loading and unloading
of vehicles by adopting Rules and Regulations as provided in Paragraph 2.9. No vehicles other than Permitted Size Vehicles may
be parked in the Common Area without the prior written permission of Sublessor.

(a)          Sublessee
shall not permit or allow any vehicles that belong to or are controlled by Sublessee or Sublessee’s employees, suppliers,
shippers, customers, contractors or invitees to be loaded, unloaded, or parked in areas other than those designated by Sublessor
for such activities.

(b)          Sublessee
shall not service or store any vehicles in the Common Areas.

(c)          If
Sublessee permits or allows any of the prohibited activities described in this Paragraph 2.6, then Sublessor shall have the right
without notice, in addition to such other rights and remedies that it may have, to remove or tow away the vehicle involved and
charge the cost to Sublessee, which cost shall be immediately payable upon demand by Sublessor.

2.7          Common
Areas - Definition. The term “Common Areas” is defined as all areas and facilities outside the Premises
and within the exterior boundary line of the Project and interior utility raceways and installations within the Premises that are
provided and designated by the Sublessor from time to time for the general nonexclusive use of Sublessor, Sublessee and other tenants
of the Project and their respective employees, suppliers, shippers, customers, contractors and invitees, including parking areas,
loading and unloading areas, trash areas, roadways, walkways, driveways and landscaped areas.

2.8          Common
Areas - Sublessee’s Rights. Sublessor grants to Sublessee, for the benefit of Sublessee and its employees, suppliers,
shippers, contractors, customers and invitees, during the term of this Sublease, the nonexclusive right to use, in common with
others entitled to such use, the Common Areas as they exist from time to time, subject to any rights, powers, and privileges reserved
by Sublessor under the terms hereof or under the terms of any rules and regulations or restrictions governing the use of the Project.
Under no circumstances shall the right herein granted to use the Common Areas be deemed to include the right to store any property,
temporarily or permanently, in the Common Areas. Any such storage shall be permitted only by the prior written consent of Sublessor
or Sublessor’s designated agent, which consent may be revoked at any time. In the event that any unauthorized storage shall
occur then Sublessor shall have the right without notice, in addition to such other rights and remedies that it may have, to remove
the property and charge the cost to Sublessee, which cost shall be immediately payable upon demand by Sublessor.

2.9          Common
Areas - Rules and Regulations. Sublessor or such other person(s) as Sublessor may appoint shall have the exclusive control
and management of the Common Areas and shall have the right from time to time, to establish, modify, amend and enforce reasonable
rules and regulations (“Rules and Regulations”) for the management safety, care, and cleanliness of the grounds,
the parking and unloading of vehicles and the preservation of good order, as well as for the convenience of other occupants or
tenants of the Building and the Project and their invitees. Sublessee agrees to abide by and conform to all such Rules and Regulations,
and to cause its employees, suppliers, shippers, customers, contractors and invitees to so abide and conform. Sublessor shall not
be responsible to Sublessee for the noncompliance with said Rules and Regulations by other tenants of the Project.

 

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2.10       Common
Areas - Changes. Sublessor shall have the right, in Sublessor’s sole discretion, from time to time:

		(a)	To make changes to the Common Areas, including, without limitation, changes in the location, size,
shape and number of driveways, entrances, parking spaces, parking areas, loading and unloading areas, ingress, egress, direction
of traffic, landscaped areas, walkways and utility raceways;

		(b)	To close temporarily any of the Common Areas for maintenance purposes so long as reasonable access
to the Premises remains available;

		(c)	To add additional buildings and improvements to the Common Areas;

		(d)	To use the Common Areas while engaged in making additional improvements, repairs or alterations to
the Project, or any portion thereof; and

		(e)	To do and perform such other acts and make such other changes in, to or with respect to the Common
Areas and Project as Sublessor may, in the exercise of sound business judgment, deem to be appropriate.

 

3.           Possession.

3.3           Early
Possession. Any provision herein granting Sublessee Early Possession of the Premises is subject to and conditioned upon the
Premises being available for such possession prior to the Commencement Date. Any grant of Early Possession only conveys a non-exclusive
right to occupy the Premises. If Sublessee totally or partially occupies the Premises prior to the Commencement Date, the obligation
to pay Base Rent shall be abated for the period of such Early Possession. All other terms of this Sublease (including but not limited
to the obligations to pay Sublessee’s Share of Common Area Operating Expenses, Real Property Taxes and insurance premiums
and to maintain the Premises) shall, however, be in effect during such period. Any such Early Possession shall not affect the Expiration
Date.

3.2           Delay
in Commencement. Sublessor agrees to use its best commercially reasonable efforts to oeliver possession of the Premises by
the Commencement Date. If, despite said efforts, Sublessor is unable to deliver possession as agreed, the rights and obligations
of Sublessor and Sublessee shall be as set forth in Paragraph 3.3 of the Master Lease (as modified by Paragraph 6.3 of this Sublease).

3.3           Sublessee
Compliance. Sublessor shall not be required to tender possession of the Premises to Sublessee until Sublessee complies with
its obligation to provide evidence of insurance. Pending delivery of such evidence, Sublessee shall be required to perform all
of its obligations under this Sublease from and after the Start Date, including the payment of Rent, notwithstanding Sublessor’s
election to withhold possession pending receipt of such evidence of insurance. Further, if Sublessee is required to perform any
other conditions prior to or concurrent with the Start Date, the Start Date shall occur but Sublessor may elect to withhold possession
until such conditions are satisfied.

 

4.           Rent
and Other Charges.

4.1           Rent
Defined. All monetary obligations of Sublessee to Sublessor under the terms of this Sublease (except for the Security Deposit)
are deemed to be rent (“Rent”). Rent shall be payable in lawful money of the United States to Sublessor at the address
stated herein or to such other persons or at such other places as Sublessor may designate in writing.

4.2           Common
Area Operating Expenses. Sublessee shall pay to Sublessor during the term hereof, in addition to the Base Rent, Sublessee’s
Share of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Sublease, in
accordance with the following provisions:

(a)          “Common
Area Operating Expenses” are defined, for purposes of this Sublease, as those costs incurred by Sublessor relating to
the operation of the Project, which are included in the following list:

(i)          Costs
related to the operation, repair and maintenance, in neat, clean, good order and condition, but not the replacement of the following:

(aa)         The
Common Areas and Common Area improvements, including parking areas, loading and unloading areas, trash areas, roadways, parkways,
walkways, driveways, landscaped areas, bumpers, irrigation systems, Common Area lighting facilities, fences and gates, elevators,
roofs, and roof drainage systems.

(bb)         Exterior
signs and any tenant directories.

(cc)         Any
fire sprinkler systems.

(ii)         The
cost of water, gas, electricity and telephone to service the Common Areas and any utilities not separately metered.

(iii)        The
cost of trash disposal, pest control services, property management, security services, and the costs of any environmental inspections.

(iv)        Reserves
set aside for maintenance and repair of Common Areas.

(v)         Real
Property Taxes.

(vi)        Insurance
premiums.

(vii)       Any
deductible portion of an insured loss concerning the Building or the Common Areas.

(b)          The
inclusion of the improvements, facilities and services set forth in Subparagraph 4.2(a) shall not be deemed to impose an obligation
upon Sublessor to either have said improvements or facilities or to provide those services unless Sublessor already provides the
services, or Sublessor has agreed elsewhere in this Sublease to provide the same or some of them.

(c)          Sublessee’s
Share of Common Area Operating Expenses is payable monthly on the same day as the Base Rent is due hereunder. The amount of such
payments shall be based on Sublessor’s estimate of the Common Area Operating Expenses. Within 60 days after written request
(but not more than once each year) Sublessor shall deliver to Sublessee a reasonably detailed statement showing Sublessee’s
Share of the actual Common Area Operating Expenses incurred during the preceding year. If Sublessee’s payments under this
Paragraph 4.2(c) during the preceding year exceed Sublessee’s Share as indicated on such statement, Sublessor shall credit
the amount of such overpayment against Sublessee’s Share of Common Area Operating Expenses next becoming due. If Sublessee’s
payments under this Paragraph 4.2(c) during the preceding year were less than Sublessee’s Share as indicated on such statement,
Sublessee shall pay to Sublessor the amount of the deficiency within 10 days after delivery by Sublessor to Sublessee of the statement.

4.3           Utilities.
Sublessee shall pay for all water, gas, heat, light, power, telephone, trash disposal and other utilities and services supplied
to the Premises, together with any taxes thereon. Notwithstanding the provisions of Paragraph 4.2, if at any time in Sublessor’s
sole judgment, Sublessor determines that Sublessee is using a disproportionate amount of water, electricity or other commonly metered
utilities, or that Sublessee is generating such a large volume of trash as to require an increase in the size of the dumpster and/or
an increase in the number of times per month that the dumpster is emptied, then Sublessor may increase Sublessee’s Base Rent
by an amount equal to such increased costs.

 

5.           Security
Deposit. The rights and obligations of Sublessor and Sublessee as to said Security Deposit shall be as set forth in Paragraph
5 of the Master Lease (as modified by Paragraph 7.3 of this Sublease).

 

6.           Master
Lease.

6.1           Sublessor
is the lessee of the Premises by virtue of the Master Lease, wherein Juergen Krogmann is the lessor, hereinafter the “Master
Lessor”.

6.2           This
Sublease is and shall be at all times subject and subordinate to the Master Lease. 

 

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6.3           The
terms, conditions and respective obligations of Sublessor and Sublessee to each other under this Sublease shall be the terms and
conditions of the Master Lease except for those provisions of the Master Lease which are directly contradicted by this Sublease
in which event the terms of this Sublease document shall control over the Master Lease. Therefore, for the purposes of this Sublease,
wherever in the Master Lease the word “Lessor” is used it shall be deemed to mean the Sublessor herein and wherever
in the Master Lease the word “Lessee” is used it shall be deemed to mean the Sublessee herein.

6.4           During
the term of this Sublease and for all periods subsequent for obligations which have arisen prior to the termination of
this Sublease, Sublessee does hereby expressly assume and agree to perform and comply with, for the benefit of Sublessor
and Master Lessor, each and every obligation of Sublessor under the Master Lease except for the following paragraphs which
are excluded therefrom: __________________________________________________
____________________________________________________________________________________________.

6.5           The
obligations that Sublessee has assumed under paragraph 6.4 hereof are hereinafter referred to as
the “Sublessee’s Assumed Obligations”. The obligations that sublessee has not assumed under
paragraph 6.4 hereof are hereinafter referred to as the “Sublessor’s Remaining Obligations”.

6.6           Sublessee
shall hold Sublessor free and harmless from all liability, judgments, costs, damages, claims or demands, including reasonable attorneys
fees, arising out of Sublessee’s failure to comply with or perform Sublessee’s Assumed Obligations.

6.7           Sublessor
agrees to maintain the Master Lease during the entire term of this Sublease, subject, however, to any earlier termination of the
Master Lease without the fault of the Sublessor, and to comply with or perform Sublessor’s Remaining Obligations and to hold Sublessee
free and harmless from all liability, judgments, costs, damages, claims or demands arising out of Sublessor’s failure to comply
with or perform Sublessor’s Remaining Obligations.

6.8           Sublessor
represents to Sublessee that the Master Lease is in full force and effect and that no default exists on the part of any Party to
the Master Lease.

 

7.           Assignment
of Sublease and Default.

7.1           Sublessor
hereby assigns and transfers to Master Lessor the Sublessor’s interest in this Sublease, subject however to the provisions of Paragraph
8.2 hereof

7.2           Master
Lessor, by executing this document agrees that until a Default shall occur in the performance of Sublessors, Obligations under
the Master Lease, that Sublessor may receive, collect and enjoy the Rent accruing under this Sublease. However, if Sublessor shall
Default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly
from Sublessee, all Rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the
Sublease nor by reason of the collection of the Rent from the Sublessee, be deemed liable to Sublessee for any failure of the
Sublessor to perform and comply with Sublessor’s Remaining Obligations.

7.3           Sublessor
hereby irrevocably authorizes and directs Sublessee upon receipt of any written notice from the Master Lessor stating that a Default
exists in the performance of Sublessor’s obligations under the Master Lease, to pay to Master Lessor the Rent due and to
become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request
from Master Lessor, and that Sublessee shall pay such Rent to Master Lessor without any obligation or right to inquire as to whether
such Default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right
or claim against Sublessee for any such Rent so paid by Sublessee.

7.4           No
changes or modifications shall be made to this Sublease without the consent of Master Lessor.

 

8.           Consent
of Master Lessor.

8.1           In
the event that the Master Lease requires that Sublessor obtain the consent of Master Lessor to any subletting by Sublessor then,
this Sublease shall not be effective unless, within 10 days of the date hereof, Master Lessor signs this Sublease thereby giving
its consent to this Subletting.

8.2           In
the event that the obligations of the Sublessor under the Master Lease have been guaranteed by third parties then neither this
Sublease, nor the Master Lessor’s consent, shall be effective unless, within 10 days of the date hereof, said guarantors sign this
Sublease thereby giving their consent to this Sublease.

8.3            In
the event that Master Lessor does give such consent then:

(a)          Such
consent shall not release Sublessor of its obligations or alter the primary liability of Sublessor to pay the Rent and perform
and comply with all of the obligations of Sublessor to be performed under the Master Lease.

(b)          The
acceptance of Rent by Master Lessor from Sublessee or any one else liable under the Master Lease shall not be deemed a waiver by
Master Lessor of any provisions of the Master Lease.

(c)          The
consent to this Sublease shall not constitute a consent to any subsequent subletting or assignment

(d)          In
the event of any Default of Sublessor under the Master Lease, Master Lessor may proceed directly against Sublessor, any guarantors
or any one else liable under the Master Lease or this Sublease without first exhausting Master Lessor’s remedies against any other
person or entity liable thereon to Master Lessor.

(e)          Master
Lessor may consent to subsequent sublettings and assignments of the Master Lease or this Sublease or any amendments or modifications
thereto without notifying Sublessor or any one else liable under the Master Lease and without obtaining their consent and such
action shall not relieve such persons from liability.

(f)          In
the event that Sublessor shall Default in its obligations under the Master Lease, then Master Lessor, at its option and without
being obligated to do so, may require Sublessee to attorn to Master Lessor in which event Master Lessor shall undertake the obligations
of Sublessor under this Sublease from the time of the exercise of said option to termination of this Sublease but Master Lessor
shall not be liable for any prepaid Rent nor any Security Deposit paid by Sublessee, nor shall Master Lessor be liable for any
other Defaults of the Sublessor under the Sublease.

8.4           The
signatures of the Master Lessor and any Guarantors of Sublessor at the end of this document shall constitute their consent to the
terms of this Sublease.

8.5           Master
Lessor acknowledges that, to the best of Master Lessor’s knowledge, no Default presently exists under the Master Lease of obligations
to be performed by Sublessor and that the Master Lease is in full force and effect.

8.6           In
the event that Sublessor Defaults under its obligations to be performed under the Master Lease by Sublessor, Master Lessor agrees
to deliver to Sublessee a copy of any such notice of default. Sublessee shall have the right to cure any Default of Sublessor described
in any notice of default within ten days after service of such notice of default on Sublessee. If such Default is cured by Sublessee
then Sublessee shall have the right of reimbursement and offset from and against Sublessor.

 

9.           Additional
Brokers Commissions.

9.1           Sublessor
agrees that if Sublessee exercises any option or right of first refusal as granted by Sublessor herein, or any option or right
substantially similar thereto, either to extend the term of this Sublease, to renew this Sublease, to purchase the Premises, or
to lease or purchase adjacent property which Sublessor may own or in which Sublessor has an interest, then Sublessor shall pay
to Broker a fee in accordance with the schedule of Broker in effect at the time of the execution of this Sublease. Notwithstanding
the foregoing, Sublessor’s obligation under this Paragraph is limited to a transaction in which Sublessor is acting as a Sublessor,
lessor or seller.

9.2            If
a separate brokerage fee agreement is attached then Master Lessor agrees that if Sublessee shall exercise any option or right of
first refusal granted to Sublessee by Master Lessor in connection with this Sublease, or any option or right substantially similar
thereto, either to extend or renew the Master Lease, to purchase the Premises or any part thereof, or to lease or purchase adjacent
property which Master Lessor may own or in which Master Lessor has an interest, or if Broker is the procuring cause of any other
lease or sale entered into between Sublessee and Master Lessor pertaining to the Premises, any part thereof, or any adjacent property
which Master Lessor owns or in which it has an interest, then as to any of said transactions, Master Lessor shall pay to Broker a fee, in cash, in accordance
with the schedule attached to such brokerage fee agreement.

 

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9.3           Any
fee due from Sublessor or Master Lessor hereunder shall be due and payable upon the exercise of any option to extend or renew,
upon the execution of any new lease, or, in the event of a purchase, at the close of escrow.

 

9.4           Any
transferee of Sublessor's interest in this Sublease, or of Master Lessor's interest in the Master Lease, by accepting an assignment
thereof, shall be deemed to have assumed the respective obligations of Sublessor or Master Lessor under this Paragraph 9. Broker
shall be deemed to be a third-party beneficiary of this paragraph 9.

 

10.         Representations
and Indemnities of Broker Relationships. The Parties each represent and warrant to the other that it has had no dealings with
any person, firm, broker or finder (other than the Brokers, if any) in connection with this Sublease, and that no one other than
said named Brokers is entitled to any commission or finder's fee in connection herewith. Sublessee and Sublessor do each hereby
agree to indemnify, protect, defend and hold the other harmless from and against liability for compensation or charges which may
be claimed by any such unnamed broker, finder or other similar party by reason of any dealings or actions of the indemnifying Party,
including any costs, expenses, attorneys' fees reasonably incurred with respect thereto.

 

11.         Attorney's
fees. If any Party or Broker brings an action or proceeding involving the Premises whether founded in tort, contract or equity,
or to declare rights hereunder, the Prevailing Party (as hereafter defined) in any such proceeding, action, or appeal thereon,
shall be entitled to reasonable attorneys' fees. Such fees may be awarded in the same suit or recovered in a separate suit, whether
or not such action or proceeding is pursued to decision or judgment. The term, “Prevailing Party” shall include,
without limitation, a Party or Broker who substantially obtains or defeats the relief sought, as the case may be, whether by compromise,
settlement, judgment, or the abandonment by the other Party or Broker of its claim or defense. The attorneys' fees award shall
not be computed in accordance with any court fee schedule, but shall be such as to fully reimburse all attorneys' fees reasonably
incurred. In addition, Sublessor shall be entitled to attorneys' fees, costs and expenses incurred in the preparation and service
of notices of Default and consultations in connection therewith, whether or not a legal action is subsequently commenced in connection
with such Default or resulting Breach ($200 is a reasonable minimum per occurrence for such services and consultation).

 

12.          No
Prior or Other Agreements; Broker Disclaimer. This Sublease contains all agreements between the Parties with respect to any
matter mentioned herein, and no other prior or contemporaneous agreement or understanding shall be effective. Sublessor and Sublessee
each represents and warrants to the Brokers that it has made, and is relying solely upon, its own investigation as to the nature,
quality, character and financial responsibility of the other Party to this Sublease and as to the use, nature, quality and character
of the Premises. Brokers have no responsibility with respect thereto or with respect to any default or breach hereof by either
Party. The liability (including court costs and attorneys’ fees), of any Broker with respect to negotiation, execution, delivery
or performance by either Sublessor or Sublessee under this Sublease or any amendment or modification hereto shall be limited to
an amount up to the fee received by such Broker pursuant to this Sublease; provided, however, that the foregoing limitation on
each Broker's liability shall not be applicable to any gross negligence or willful misconduct of such Broker.

 

13.          Accessibility;
Americans with Disabilities Act.

(a)          The
Premises:  ̈ have
not undergone an inspection by a Certified Access Specialist (CASp).  ̈
have undergone an inspection by a Certified Access Specialist (CASp) and it was determined that the Premises met all applicable
construction-related accessibility standards pursuant to California Civil Code §55.51 et seq.  ̈
have undergone an inspection by a Certified Access Specialist (CASp) and it was determined that the Premises did not meet all applicable
construction-related accessibility standards pursuant to California Civil Code §55.51 et seq.

(b)          Since
compliance with the Americans with Disabilities Act (ADA) is dependent upon Lessee's specific use of the Premises, Lessor makes
no warranty or representation as to whether or not the Premises comply with ADA or any similar legislation. In the event that Lessee's
use of the Premises requires modifications or additions to the Premises in order to be in ADA compliance, Lessee agrees to make
any such necessary modifications and/or additions at Lessee's expense.

 

ATTENTION: NO REPRESENTATION
OR RECOMMENDATION IS MADE BY THE AIR COMMERCIAL REAL ESTATE ASSOCIATION OR BY ANY REAL ESTATE BROKER AS TO THE LEGAL SUFFICIENCY,
LEGAL EFFECT, OR TAX CONSEQUENCES OF THIS SUBLEASE OR THE TRANSACTION TO WHICH IT RELATES. THE PARTIES ARE URGED TO:

 

1.   SEEK
ADVICE OF COUNSEL AS TO THE LEGAL AND TAX CONSEQUENCES OF THIS SUBLEASE.

 

2.   RETAIN
APPROPRIATE CONSULTANTS TO REVIEW AND INVESTIGATE THE CONDITION OF THE PREMISES. SAID INVESTIGATION SHOULD INCLUDE BUT NOT BE
LIMITED TO: THE POSSIBLE PRESENCE OF HAZARDOUS SUBSTANCES, THE ZONING OF THE PROPERTY, THE STRUCTURAL INTEGRITY, THE CONDITION
OF THE ROOF AND OPERATING SYSTEMS, AND THE SUITABILITY OF THE PREMISES FOR SUBLESSEE'S INTENDED USE. 

WARNING: IF THE SUBJECT PROPERTY
IS LOCATED IN A STATE OTHER THAN CALIFORNIA, CERTAIN PROVISIONS OF THE SUBLEASE MAY NEED TO BE REVISED TO COMPLY WITH THE LAWS
OF THE STATE IN WHICH THE PROPERTY IS LOCATED.

 

	Executed at:	 	 	Executed at:	Nov 21 2014

	On:	 	 	On:	 

 

	By SUBLESSOR:	 	By SUBLESSEE:
	 	Pan Pacific Plumbing & Mechanical,	 	 	Advanced Surgical Partners, Inc.,
	 	a California Corporation	 	 	a California Corporation

	By:	 	 	By:	/s/ Ali
    kharazmi

	Name Printed: 	Cindy
    McMackin	 	Name Printed: 	Ali
    kharazmi

	Title:	 	 	Title:	 

	By:	 	 	By:	 

	Name Printed:	 	 	Name Printed:	 

	Title:	 	 	Title:	 

	Address:	 	 	Address:	 
	 	 	 	 	 

	Telephone:	( ____ )	 	 	Telephone:	( ____ )	 

	Facsimile:	( ____ )	 	 	Facsimile:	( ____ )	 

	Email:	 	 	Email:	 

 

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	Email:	 	 	Email:	 

	Federal ID No.	 	 	Federal ID No.	 

	BROKER:	 	BROKER:
	 	Voit Real Estate Services	 	 	Voit Real Estate Services
	 	 	 	 	 

 

	Attn: 	Todd Martens	 	Attn:	Todd Martens
	Title: 	Vice President	 	Title:	Vice President

 

	Address: 	2020 Main Street, Suite 100	 	Address: 	2020 Main Street, Suite 100
	 	Irvine, CA 92614	 	 	Irvine, Ca 92614

	Telephone:	(949) 	851-5100	 	Telephone:	(949) 	851-5100

	Facsimile:	(949) 	261-9092	 	Facsimile:	(949) 	261-9092

	Email: 	tmartens@voitco. com	 	Email: 	tmartens@voitco.com

	Federal ID No.	 	 	Federal ID No.	 

	Broker/Agent BRE License #: 	01469247	 	Broker/Agent BRE License #: 	01469247
	 	 	 	 	 
	 	 	 	 	 

 

Consent to the above Sublease is hereby given.

 

	Executed at:	 	 	Executed at:	 

	On:	 	 	On:	 

 

	By MASTER LESSOR:	 	 	By GUARANTOR(S):	 

	 	Juergen Krogmann	 	By:	 

	 	 	 	Name Printed:	 

	 	 	 	Address:	 

	By:	 	 	 	 

	Name Printed: 	Juergen Krogmann	 	 	 

	Title:	 	 	 	 

 

	By:	 	 	By:	 

	Name Printed:	 	 	Name Printed:	 

	Title:	 	 	Address:	 
	Address:	 	 	 	 
	 	 	 	 	 

	Telephone:	( ___ )	 	 	 	 	 
	Facsimile:	( ___ )		 	 		 

	Email:	 	 	 	 

	Federal ID No.	 	 	 	 

 

NOTICE: These forms are often modified
to meet changing requirements of law and Industry needs. Always write or call to make sure you are utilizing the most current
form: AIR Commercial Real Estate Association, 500 N Brand Blvd, Suite 900, Glendale, CA 91203.

Telephone No. (213) 687-8777. Fax No.:
(213) 687-8616.

 

©Copyright 2001 By AIR Commercial
Real Estate Association.

All rights reserved. No part of these
works may be reproduced in any form without permission in writing.

 

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ADDENDUM TO STANDARD SUBLEASE

MULTI-TENANT

FOR

17912 COWAN, IRVINE, CA

 

		14.1	Base Rental Rates: The initial base rental rates
shall be as follows:

 

	Months	 	Base Rental Rate/SF/Mo	 
	1 – 7	 	$	12,000	 

 

Rental rate is
a Gross amount Additionally, Sublessee, shall pay for all associated utilities and janitorial.

 

		14.2	Tenant Improvements: Sublessee at Sublessee’s
sole cost and expense shall be allowed, with Landlord’s reasonable and prior approval, to perform the following improvements.

 

		a)	Install and certify Category 2 Clean Rooms to a hospital grade condition.

 

		b)	PROPERTY SHALL BE DELIVERED TO SUBLESSEE IN BROOM SWEPT AS IS CONDITION.

 

		14.3	Parking: Sublessee and Sublessee’s invitees shall be entitled to park free and in-common
for the term of the lease at a ratio of 2:1,000.

 

		14.4	Signage: Sublessee shall receive building signage rights at Sublessor’s expense.

 

	 	 	 	 
	 	 	 	 
	Initial 	Initial

  

    	 

    	 

    

 

FLOOR PLAN

17912 COWAN, IRVINE

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