Document:

Blueprint

 

Exhibit 10.47

 

LEASE AGREEMENT

 

THIS
LEASE, made this First day of March, 2015, by and between Queen
Street Development Partners 1, LP of 1200 West Penn Grant Rd,
Lancaster, Pennsylvania (hereinafter called Lessor) and TetriDyn
Solutions, Inc., a Nevada Corporation (hereinafter called
"Lessee"), with a current mailing address of 1651 Alvin Ricken
Drive, Pocatello, ID 83201

 

W I T N
E S S E T H

 

WHEREAS, Lessor is
the owner of a certain parcel of land and building known and
numbered as 800 South Queen Street, Lancaster, Pennsylvania;
and

 

WHEREAS, Lessor
desires to let and Lessee desires to take one workspace of the
subject premises plus all certain furnishings and office equipment
currently situate within said workspace upon the terms and
conditions herein set forth.

 

NOW,
THEREFORE, in consideration of the promises and mutual covenants
herein contained, and the rent reserved to be paid by Lessee to
Lessor, the parties, intending to be legally bound, agree as
follows:

 

1.           PREMISES/PROPERTY.
Lessor hereby lets to Lessee, and Lessee hereby takes from Lessor,
one workspace at 800 South Queen Street, Lancaster, Pennsylvania,
together with all rights of ingress and egress within Lessor's
building and all furnishings and office equipment currently situate
within the said workspace (hereinafter called the "Leased
Premises/Property").

 

2.           TERM.
The term of this Lease shall be one (1) year commencing March 1,
2015, and ending February 28, 2016. Unless either party shall give
to the other written notice of termination in accordance with the
provisions of Paragraph 15 of this Lease, the term hereof shall
continue for a further period of one (1) year, and so on from year
to year until terminated pursuant to the provisions
hereof.

 

3.           POSSESSION.
Possession of the Leased Premises/Property by Lessee shall begin,
and the rent provided for hereunder shall be payable from March 1,
2015, which date shall be the effective date of this
Lease.

 

4.           RENT.
The rent due and owing for each month of Lessee's occupancy shall
be Two Thousand Five Hundred Dollars ($2,500.00), due and payable
in advance on the first day of each month. The first such monthly
payment shall be due on March 1, 2015, and each succeeding payment
shall be due on the first day of each succeeding month, without
prior demand thereof by Lessor. Rent shall be payable at Lessor's
place of business, or such other place as Lessor may direct from
time to time.

 

5.           UTILITIES
AND SERVICES. Lessee agrees to pay for all utilities and
other like services, including but limited to telephone, gas,
electric, water, sewer rental, insurance, air conditioning, light,
heat, power, trash removal and janitorial services which may be
used, consumed or contracted for in connection with the Leased
Premises/Property. Lessor shall not be responsible in any way in
the event that the supply of utility service or services, or like
service or services, is or are cut off by reason of any cause and
Lessee does hereby release Lessor from any damage which may result
to it by reason of any such failure. Should Lessee fail to pay for
any such utilities or services or maintenance or insurance when
due, Lessor shall have the right to pay the same, and the amount as
paid shall be chargeable to Lessee as additional rent.

 

 

1

 

 

6.           MAINTENANCE
AND REPAIR. Lessee shall keep and maintain the Leased
Premises/Property in good and serviceable repair and condition,
natural wear and tear excepted. Lessee shall provide normal
maintenance of the Leased Premises/Property during the term of this
Lease, including lawn care and maintenance, snow removal, and
janitorial service in order that the Leased Premises shall be
maintained in a neat and clear condition at all times; and Lessee
further agrees to provide janitorial supplies, paper towels, toilet
paper, soap, cleaning materials and any other items necessary for
the proper cleaning and maintenance of the interior of said Leased
Premises. Interior decoration of the Leased Premises shall also be
the responsibility of Lessee from and after the effective date
hereof. Damage to the Leased Premises/Property occasioned by the
negligence of Lessee, its agents, contractors, guests, sub-tenants
or invitees shall be repaired or corrected by Lessee.

 

Lessor
covenants and agrees that they will repair or correct any accident
to, or defects in, the roof or other structural elements of the
Leased Premises, or in the water or drain pipes, electric circuits,
heating system or air conditioning system, with due diligence;
Lessee will replace all office furniture, office equipment,
electric fixtures, bulbs, lights, plumbing fixtures, or other parts
or accessories of the building, broken or damaged by Lessee or by
servants, employees or agents of Lessee; and Lessee hereby assumes
all responsibility for the injury, or damages, to persons or
property, caused by the use of any office furniture, office
equipment, fixtures, apparatus or appliances, in, or upon the
Leased Premises which are the subject of this Lease.

 

7.           ALTERATIONS
AND CHANGES. All additions to the Leased Premises by Lessee,
including but not limited to furniture, furnishings, draperies,
carpeting, lighting, telephone facilities, equipment, and wiring
shall be provided at the sole cost and expense of Lessee. Except as
hereinafter expressly provided, changes in original plans and
alterations to the Leased Premises shall not be permitted without
the prior written consent of Lessor and may, at Lessor's option, be
performed under Lessor's control, although at all times at the cost
of Lessee. Lessee may remove such alterations, additions, or
improvements upon the termination hereof to the extent such removal
can be accomplished without substantial damage to the Leased
Premises.

 

8.           QUIET
ENJOYMENT. Lessor covenants to allow Lessee quiet and
peaceably to enjoy possession of the Leased Premises, free from
interference or interruption of Lessor or any other person claiming
under or through Lessor.

 

9.           USE
OF THE PREMISES. Lessee hereby releases Lessor from any
future liability for any and all injuries or damages which may be
suffered by Lessee, its successors or assigns, in Lessee's use of
the Leased Premises. Lessee covenants and agrees that it will bear,
pay and discharge, when and as the same become due and payable, all
judgments and lawful claims for damages or otherwise against Lessor
arising from Lessee's use or occupancy of said Leased Premises, and
will assume the burden and expense of defending all such suits,
whether brought before the expiration of this Lease, or otherwise
and will protect, indemnify and save harmless Lessor, their agents,
servants, employees, heirs and personal representatives by reason
of or on account of the use or misuse of the said Leased Premises
hereby leased, or any part thereof, due to the negligence of
Lessee, or of its agents, servants or employees.

 

10.           DESTRUCTION
OF THE PREMISES. In the event of damage to or destruction of
the Leased Premises for whatever reason, Lessor shall have no
obligation to rebuild the Leased Premises and this Lease shall
thereupon terminate.

 

 

2

 

 

11.           CONDEMNATION.
In the event the Leased Premises or any substantial portion thereof
are taken or sold pursuant to the exercise of the right of eminent
domain by any authority having or claiming to have the same, this
Lease shall thereupon terminate. In no event shall Lessee be
entitled to or receive any part of the award or price paid to
Lessor in connection therewith. Lessee hereby assigns to Lessor all
such awards, compensation and agreed settlements and authorizes
payment thereof by the condemnor directly to Lessor.

 

12.           LESSOR'S
RIGHT OF ENTRY. Lessee shall permit Lessor and their agents
to enter into and upon said Leased Premises at all reasonable times
for the purpose of inspecting the same, or for the purpose of
showing the Leased Premises for sale or lease to third parties, or
for the purpose of making repairs, alterations or additions to said
building, or for any other reasonable business purpose without any
rebate of rent to Lessee or damages for any loss of occupation or
quiet enjoyment of the Leased Premises thereby
occasioned.

 

13.           DEFAULT.
The following events shall constitute default
hereunder:

 

(a)           Nonpayment
of rent for a period of thirty (30) days from its due
date.

 

(b)           Assignment
by Lessee for the benefit of creditors, issuance of execution
against Lessee, appointment of a receiver of the assets of Lessee,
the filing for, by, or against Lessee of any action under the
Federal Bankruptcy Act or comparable state or local
legislation.

 

(c)           Violation
of any of the terms or conditions of this Lease.

 

(d)           Abandonment
of the Premises by Lessee.

 

14.           LESSOR'S
REMEDIES ON DEFAULT. Upon default by Lessee hereunder,
Lessor may, without limiting their rights in law or in equity,
forfeit and annul any unexpired portion of this Lease and enter
upon and repossess the Leased Premises with or without process of
law. Lessee agrees that upon Lessee=s default Lessor may, as
liquidation damages, recover from Lessee an amount equal to one (1)
year rent without mitigation by Lessor.

 

l5.           TERMINATION.
Either party may terminate this Lease at the end of the initial
five (5) year term by giving ninety (90) days' advance written
notice to the other party. In such event, this Lease shall expire
on the last day of Lessee's term of occupancy and Lessee shall
surrender, and the Lessor shall immediately be entitled to recover
possession of the Leased Premises.

 

16.           ASSIGNMENT
AND SUBLETTING. Lessee shall not assign or sublet the Leased
Premises or any part thereof without the written consent of
Lessor.

 

17.           WAIVER.
The waiver by Lessor of any breach of any term, covenant, or
condition herein contained shall not be deemed to be a waiver of
such term, covenant, or condition or any subsequent breach of the
same or any other term, covenant or condition herein
contained.

 

18.           CONSTRUCTION.
Paragraph headings are for convenience only and do not constitute a
part of this Lease. This Lease is made and executed in the
Commonwealth of Pennsylvania and shall be construed and enforced in
accordance with the laws thereof.

 

 

3

 

 

19.           NOTICES.
All notices or other communication pursuant hereto to any party
shall be deemed given when deposited in the United States mail,
certified mail postage prepaid, return receipt requested, addressed
to the parties at the last known address, or to such other
addresses the parties may in writing direct.

 

20.           ENTIRE
AGREEMENT. This Lease contains the entire understanding
between the parties hereto and supersedes any prior written or oral
agreements between them respecting the within subject matter. There
are no representations, agreements, arrangements, or
understandings, oral or written, between or among the parties
hereto relating to the subject matter of this Lease which are not
fully expressed herein.

 

21.           SUCCESSORS.
Except as herein otherwise specified, this Lease shall legally
benefit and bind the parties hereto, their respective heirs,
beneficiaries, executors, personal representatives, successors and
assigns.

 

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

 

WITNESSES:

 

TetriDyn Solutions,
Inc.

 

By: /s/
Peter Wolfson

Peter
Wolfson, Director

 

Attest:

 

Queen
Street Development Partners, 1 LP

 

By: /s/
Jeremy P. Feakins

Jeremy
P. Feakins, Managing Partner

 

 

 

4

 

 

LEASE AMENDMENT

 

This
Lease Amending Agreement dated June 1, 2017 between Queen Street
Development Partners 1, LP (the “landlord”) AND Ocean
Thermal Energy Corporation (formerly TetriDyn Solutions, Inc.) (the
“Tenant”).

 

Background

 

A. 

The landlord and
the Tenant entered into the Lease (the “Lease”) dated
March 1, 2015, for the premises located at 800 South Queen Street,
Lancaster, PA 17603.

 

B. 

The Landlord and
the Tenant desire to amend the Lease on the terms and conditions
set forth in this lease amending agreement (the
“Agreement”).

 

C. 

This Agreement is
the second amendment to the Lease.

 

In Consideration Of the Landlord and Tenant agreeing to
amend their existing Lease, both parties agree to keep, perform,
and fulfill the promises, conditions, and agreements
below:

 

A. 

Amendment - The Lease is amended to
increase the monthly rental from $5,000.00 per month to $10,000.00
per month beginning on June 1, 2017.

 

B. 

No Other Changes – Except as
otherwise expressly provided in this agreement, all of the terms
and conditions of the Lease remain unchanged and in full force and
effect.

 

	

Landlord:

	

Queen
Street Development Partners, 1 LP

	
 

	
 

	
 

	

By: /s/
Jeremy P. Feakins

	
 

	

Jeremy
P. Feakins, Managing Partner

	
 

	
 

	

Tenant:

	

Ocean
Thermal Energy Corporation

	
 

	

(TetriDyn
Solutions, Inc.)

	
 

	
 

	
 

	

By: /s/
Peter Wolfson

 

 

 

5

 

 

LEASE AMENDMENT

 

This
Lease Amending Agreement dated January 1, 2017 between Queen Street
Development Partners I, LP (the "landlord") AND TetriDyn Solutions,
Inc. (the "Tenant").

 

Background

 

A. 

The landlord and
the Tenant entered into the Lease (the "Lease") dated March 1,
2015, for the premises located at 800 South Queen Street,
Lancaster, PA 17603.

 

B. 

The Landlord and
the Tenant desire to amend the Lease on the terms and conditions
set forth in this lease amending agreement (the
"Agreement").

 

C. 

This Agreement is
the first amendment to the Lease.

 

In Consideration Of the Landlord and Tenant agreeing to
amend their existing Lease, both parties agree to keep, perform,
and fulfill the promises, conditions, and agreements
below:

 

A. 

Amendment - The Lease is amended to
increase the monthly rental from $2,500.00 per month to $5,000.00
per month beginning on January l, 2017.

 

B. 

No Other Changes - Except as otherwise
expressly provided in this agreement, all of the terms and
conditions of the Lease remain unchanged and in full force and
effect.

 

	

Landlord:

	

Queen
Street Development Partners, 1 LP

	
 

	
 

	
 

	

By: /s/
Jeremy P. Feakins

	
 

	

Jeremy
P. Feakins, Managing Partner

	
 

	
 

	

Tenant:

	

Ocean
Thermal Energy Corporation

	
 

	

(TetriDyn
Solutions, Inc.)

	
 

	
 

	
 

	

By: /s/
Peter Wolfson

 

 

 

6Blueprint

 

Exhibit 10.58

 

	
 

	

PROMISSORY NOTE

	
 

	
 

	
 

	
 

	

$200,000

	

Lancaster, PA

	

March 9, 2017

 

FOR
VALUE RECEIVED, the undersigned, OCEAN THERMAL ENERGY CORPORATION.,
a Delaware corporation (“Maker”), whose mailing address
and principal office is 800 South Queen Street, Lancaster, PA
17603, USA, hereby promises to pay to JEREMY P. FEAKINS &
ASSOCIATES LLC., a Delaware corporation (“Payee”),
whose mailing address is 800 South Queen Street, Lancaster, PA
17603, up to the principal sum of TWO HUNDRED THOUSAND DOLLARS AND
NO CENTS ($200,000), as represented by advances from time to time,
in lawful money of the United States of America for payment of
private debts, together with interest (calculated on the basis of
the actual number of days elapsed but computed as if each year
consisted of 360 days) on the unpaid principal balance from time to
time outstanding at a rate, except as otherwise provided in this
Note, of Ten percent (10%) per annum.

 

1.           

Payments. All unpaid principal
and all accrued and unpaid interest shall be due and payable within
90 days after demand.

 

2.           

Time and Place of Payment. If
any payment falls due on a day that is considered a legal holiday
in the state of Delaware, Maker shall be entitled to delay such
payment until the next succeeding regular business day, but
interest shall continue to accrue until the payment is in fact
made. Each payment or prepayment hereon must be paid at the office
of Payee set forth above or at such other place as the Payee or
other holder hereof may, from time to time, designate in
writing.

 

3.           

Prepayment. Maker reserves the
right and privilege of prepaying this Note in whole or in part, at
any time or from time to time, upon 30 days’ written notice,
without premium, charge, or penalty. Prepayments on this Note shall
be applied first to accrued and unpaid interest to the date of such
prepayment, next to expenses for which Payee is due to be
reimbursed under the terms of this Note, and then to the unpaid
principal balance hereof

 

4.           

Default.

 

(a)           

Without notice or
demand (which are hereby waived), the entire unpaid principal
balance of, and all accrued interest on, this Note shall
immediately become due and payable at Payee’s option upon the
occurrence of one or more of the following events of default
(“Events of Default”):

 

(i)           

the failure or
refusal of Maker to pay principal or interest on this Note within
10 days of when the same becomes due in accordance with the terms
hereof;

 

(ii)           

the failure or
refusal of Maker punctually and properly to perform, observe, and
comply with any covenant or agreement contained herein, and such
failure or refusal continues for a period of 30 days after Maker
has (or, with the exercise of reasonable investigation, should
have) notice hereof;

 

(iii)           

Maker shall: (1)
voluntarily seek, consent to, or acquiesce in the benefit or
benefits of any Debtor Relief Law (defined hereinafter); or (2)
become a party to (or be made the subject of) any proceeding
provided for by any Debtor Relief Law, other than as a creditor or
claimant, that could suspend or otherwise adversely affect the
Rights (defined hereinafter) of Payee granted herein (unless, in
the event such proceeding is involuntary, the petition instituting
same is dismissed within 60 days of the filing of same).
“Debtor Relief Law” means the Bankruptcy Code of the
United States of America and all other applicable liquidation,
conservatorship, bankruptcy, moratorium, rearrangement,
receivership, insolvency, reorganization, suspension of payments,
or similar Laws from time to time in effect affecting the Rights of
creditors generally. “Rights” means rights, remedies,
powers, and privileges. “Laws” means all applicable
statutes, laws, ordinances, regulations, orders, writs,
injunctions, or decrees of any state, commonwealth, nation,
territory, possession, county, parish, municipality, or Tribunal.
“Tribunal” means any court or governmental department,
commission, board, bureau, agency, or instrumentality of the United
States or of any state, commonwealth, nation, territory,
possession, county, parish, or municipality, whether now or
hereafter constituted and/or existing;

 

 

1

 

 

(iv)           

the failure to have
discharged within a period of 30 days after the commencement
thereof any attachment, sequestration, or similar proceeding
against any of the assets of Maker, or the loss, theft, or
destruction of, or occurrence of substantial damage to, a material
part of the assets of Maker, except to the extent adequately
covered by insurance; and

 

(v)           

Maker fails to pay
any money judgment against it at least 10 days prior to the date on
which any of Maker’s assets may be lawfully sold to satisfy
such judgment.

 

(b)           

If any one or more
of the Events of Default specified above shall have happened, Payee
may, at its option: (i) declare the entire unpaid balance of
principal and accrued interest on this Note to be immediately due
and payable without notice or demand; (ii) offset against this Note
any sum or sums owed by Payee to Maker; (iii) reduce any claim to
judgment; (iv) foreclose all liens and security interests securing
payment thereof or any part thereof; and (v) proceed to protect and
enforce its rights by suit in equity, action of law, or other
appropriate proceedings, whether for the specific performance of
any covenant or agreement contained in this Note, in aid of the
exercise granted by this Note of any right, or to enforce any other
legal or equitable right or remedy of Payee.

 

5.           

Cumulative Rights. No delay on
Payee’s part in the exercise of any power or right, or single
partial exercise of any such power or right, under this Note or
under any other instrument executed pursuant hereto shall operate
as a waiver thereof. Enforcement by Payee of any security for the
payment hereof shall not constitute any election by it of remedies,
so as to preclude the exercise of any other remedy available to
it.

 

6.           

Collection Costs. If this Note
is placed in the hands of an attorney for collection, or if it is
collected through any legal proceeding at law or in equity or in
bankruptcy, receivership, or other court proceedings, Maker agrees
to pay all costs of collection, including Payee’s court costs
and reasonable attorney’s fees.

 

7.           

Waiver. Maker, and each surety,
endorser, guarantor, and other party liable for the payment of any
sums of money payable on this Note, jointly and severally waive
presentment and demand for payment, protest, and notice of protest
and nonpayment, or other notice of default, except as specified
herein, and agree that their liability on this Note shall not be
affected by any renewal or extension in the time of payment hereof,
indulgences, partial payment, release, or change in any security
for the payment of this Note, before or after maturity, regardless
of the number of such renewals, extensions, indulgences, releases,
or changes.

 

8.           

Notices. Any notice, demand,
request, or other communication permitted or required under this
Note shall be in writing and shall be deemed to have been given as
of the date so delivered, if personally served; as of the date so
sent, if sent by electronic mail and receipt is acknowledged by the
recipient; one day after the date so sent, if delivered by
overnight courier service; or three days after the date so mailed,
if mailed by certified mail, return receipt requested, addressed to
Maker at its address on the first page.

 

9.           

Successor and Assigns. All of
the covenants, stipulations, promises, and agreements in this Note
contained by or on behalf of Maker shall bind its successors and
assigns, whether so expressed or not; provided, however, that neither Maker nor Payee
may, without the prior written consent of the other, assign any
rights, powers, duties, or obligations under this
Note.

 

 

2

 

 

11.

Headings. The headings of the
sections of this Note are inserted for convenience only and shall
not be deemed to constitute a part hereof.

 

12.

Applicable Law. This Note is
being executed and delivered, and is intended to be performed, in
the state of Delaware, and the substantive laws of such state shall
govern the validity, construction, enforcement, and interpretation
of this Note, except insofar as federal laws shall have
application.

 

13.

Security. This Note is
unsecured.

 

EXECUTED effective
the year and date first above written.

 

OCEAN
THERMAL ENERGY CORPORATION.

 

 

By:
/s/ Frank
DiCola

Frank
DiCola, Director

 

 

3

 

   

TetriDyn
Solutions, Inc.

800
South Queen Street

Lancaster,
PA 17603, USA

 

Re:           

Conversion of
Note

 

Gentlemen:

 

The
undersigned owner of this Note hereby irrevocably exercises the
option to convert this Note or the portion hereof designated, into
shares of common stock, par value $0.001 per share, of TetriDyn
Solutions, Inc., in accordance with the terms of this Note, and
directs that the shares issuable and deliverable upon the
conversion, together with any check in payment for fractional
shares, be issued in the name of and delivered to the undersigned
unless a different name has been indicated below. If shares are to
be issued in the name of a person other than the undersigned, the
undersigned will pay any transfer taxes payable with respect
thereto.

 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

(Signature)

	
 

	
 

	
 

	
 

	

Dated:

	
 

	

FILL IN
FOR REGISTRATION

	
 

	
 

	
 

	
 

	

OF
SHARES:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

(Printed
Name)

	
 

	
 

	

(Social
Security or Other Identifying Number)

	
 

	
 

	
 

	
 

	
 

	
 

	

(Street
Address)

	
 

	
 

	

(City/State/Zip
Code)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

Portion
to be converted (if less than all)

 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

 

4

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