Document:

EX-10.18

 Exhibit 10.18 

EMPLOYMENT AGREEMENT 

This Employment Agreement (“Agreement”) is dated as of July 9, 2012 by and between Derek Harmer
(“Employee”) and Accel Entertainment Gaming, LLC, an Illinois limited liability company (the “Company”). 

Recitals 
 A. The Company
has established a business to engage in the sale, lease, operation, management, product development and licensing, etc. with respect to Video Gaming, pursuant to the requirements and laws of the State of Illinois (the “Business”);

 B. The parties desire to enter into this Agreement to set forth the terms and conditions of Employee’s employment with the Company;
and 
 C. The parties recognize that as an employee of the Company, Employee will be employed in a confidential capacity and will be given
access to certain proprietary and/or confidential information of the Company. 
 Terms 

In consideration of the foregoing, which is made part hereof, as well as the mutual covenants and promises set forth below, the parties agree
as follows: 
 1. Employment. The Company agrees to employ Employee, and Employee hereby accepts employment with the Company, on a
full-time basis consistent with the position and duties of General Counsel and Chief Compliance Officer, upon the terms and conditions set forth in the Agreement for the period beginning on July 9, 2012 (“Beginning Employment
Date”) and ending as provided in section 1(c) below (the resulting term of employment being referred to hereafter as the “Employment Period”). 

(a) Title and Duties. 

(i) The Company shall employ Employee as General Counsel and Chief Compliance Officer, reporting to the Chief Executive Officer. The primary
responsibilities of this position will include, but not be limited to, the direct management of all legal interests, affairs and activities of the Company and the development and administration of a comprehensive risk management and compliance
program in accordance with all internal and external regulatory requirements. 
 (ii) Employee will devote all of his professional time
and attention to the Business, and shall not engage in any other profession or business without first obtaining the Company’s written consent. Employee will perform his duties and responsibilities to the best of their abilities in a diligent,
trustworthy, workmanlike and efficient manner. Given the nature of the Business and the geographic scope of operations, this position may require significant travel time and overnight stays. 

 (b) Compensation and Benefits. 

(i) Compensation. Employee’s compensation package will be comprised of a base salary (“Base Salary”) in the
initial amount of $155,000 per year, less appropriate tax withholdings required by applicable law. The base salary will be increased $5,000 for every 100 licensed live locations the Company adds to its live gaming portfolio up to a total of 500 live
locations. These potential increases will occur during the first twenty (24) months of employment and will be capped at a total of $25,000, or a total base salary of $180,000.00. Employee shall also be eligible for an annual salary increase
based on Employee’s prior year performance evaluations, the amount of which will be determined at the sole discretion of the Company. Additionally, Employee shall be entitled to be considered, at the sole discretion of the Company, for future
equity compensation under such terms and conditions as are agreeable to the parties. 
 (ii) Cash Bonus. After the first 500
licensed locations go live, Employee will receive a one-time cash bonus of $5,000 for every additional 100 licensed locations other than those added by the merger or acquisition of another company prior to
June 30, 2014 to the live gaming portfolio up to a maximum total of 1,000 new additional locations. 
 (iii) Equity Incentive
Plan. Following the approval of the Board of Directors of Accel Entertainment, Inc. (“Inc.”), Employee shall receive an initial award of options to purchase 15,000 shares of Inc. as a part of the existing long-term compensation
program. These share options will be priced at the fair market value which is at a discount to the most recent capital offering of Class C Preferred Shares of Inc. The options will be vested equally annually over a period of five
(5) years. Documentation regarding the equity incentive plan and Employee’s participation will be provided separately. 
 (iv)
Commission. Employee is eligible to earn a sales commission (“Commission”) for certain Contracted Establishments (establishments which sign the Company’s Terminal Use Agreement for a term of at least five
(5) years). Specifically, a commission shall be paid for each establishment that a) is eligible under The Act; b) is not already assigned to a Company sales associate; c) does not have an existing relationship with and is not an active sales
target of an Accel business partner; d) contracts with the Company as a direct result of Employee’s relationship and effort; e) passes the Company’s validation, acceptance, and due diligence procedures. The commission shall be paid as
follows: a) a first payment of $1,000 will be paid upon signing, after the Company successfully completes due diligence; b) a second payment of $1,000 plus $100 per terminal will be paid ninety (90) days after the establishment goes live with
video gaming, except that if Employee is no longer engaged by or employed with the Company at that time the second payment will be adjusted to $500 plus $50 per terminal. In the event a Contracted Establishment fails to obtain its gaming license
from the State of Illinois and/or the Illinois Gaming Board, reconciliation will be performed by making adjustments against future payments. For example, if Employee receives a $1,000 Commission for an eligible Contracted Establishment but it fails
to obtain its gaming license, an adjustment of $1,000 shall be made against subsequent payments to Employee. 

  
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 (v) Relocation/Expense Reimbursement. The Company will reimburse Employee for up to
a total of $12,500 for moving and/or transitional housing expenses subject to receipt and approval of related documentation. The Company will reimburse Employee for all reasonable business-related travel and related (lodging, meals, etc.) expenses
incurred by him in connection with the performance of his duties and obligations under this Agreement, according to the Company’s expense reimbursement policies. Employee will comply with such reasonable limitations and reporting requirements
with respect to expenses as the Company may establish from time to time. Employee shall use his best efforts to have all expenses in excess of $50.00 pre-approved by the Company. 

(vi) Vacation and Other Benefits. Employee will initially be entitled to fifteen (15) paid days off to be used as sick days,
personal days or vacation days (“Day”) per calendar year. These Days shall be in addition to major holidays including Memorial Day, Fourth of July, Labor Day, Thanksgiving, and Christmas; or any other holiday during which the
Company’s offices are closed. These Days will be added at a constant rate with each pay period, dating to Employee’s first day of employment with the Company. Vacation days will be used in no more than five (5) consecutive days at a
time and the maximum roll-over of unused vacation and sick days in a given year will be five (5) Days. Written permission from the Company will be required to take Days that have not yet been added. Upon Employee’s termination by the
Company without Cause, Employee’s final payroll will be adjusted to account for any Days taken but not accrued, or any unused Days. After two years of employment Employee may be eligible for an increase in paid time off per year, in an amount
determined at the sole discretion of the Company. 
 (vii) Cellular Phone. The Company will provide Employee with a cellular phone
allowance of $50.00 a month as reimbursement for Employee using his personal phone in furtherance of Company related activities. 
 (viii)
Management Team Performance Incentive Plan. Employee shall be eligible for any participation in any future management team incentive plan approved by the Board of Directors. 

(ix) Other Benefits. Employee shall be eligible to participate in the Company’s health insurance coverage (“Plan”) for
Employee and the family members of Employee when such Plan is implemented by the Company. 
 (x) Signing Bonus. Employee shall
receive a one-time signing bonus in the amount of Five Thousand Dollars ($5,000.00) upon execution of this Agreement. 

(c) Term. 
 (i)
Employment Period. The Employment Period commences on the Beginning Employment Date and is terminable by either party on thirty (30) days prior written notice to the other party to this Agreement. 

(ii) Termination by Company for Cause. This Agreement shall terminate if the Company gives Employee notice of termination for Cause, in
which case the effective date of termination shall be the date on which such notice is given unless otherwise indicated. The term “Cause” shall mean: (i) a material breach of this Agreement, including a material violation by
Employee of any of the restrictive covenants (Confidentiality, Non-Competition and Non-Solicitation) contained herein; (ii) the commission of an act of fraud,

  
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conversion, misappropriation, embezzlement, or similar illegal acts or other misconduct involving moral turpitude; (iii) a repeated failure to report to work or to perform his duties as
requested by the Company; (iv) negligence with respect to the Company, its customers, its employees and its activities which has an adverse effect on the assets, business, financial condition or results of operations of the Company or any of
its affiliates; (v) any material misrepresentations or nondisclosures to the Company; and (vi) any actions that could cause Employee or the Company to be in violation of the Illinois Video Gaming Act or rules established by the Illinois
Gaming Board. For purposes of this Agreement, no act, or failure to act, on Employee’s part may not be deemed “negligent” if done, or omitted to be done, by Employee in good faith and with reasonable belief that Employee’s action
or omission was legal and was in the best interest of the Company. 
 (iii) Termination by Change of Control. If Employee is
terminated without Cause within sixty (60) days following a change of control (as defined below), Employee will receive a lump sum severance payment equal to 50% of Employee’s annual base salary paid over the preceding twelve
(12) months, payable in twelve (12) monthly installments. 
 Change of control shall be defined as a change in effective control
of the Company whereby any person or contained group becomes the beneficial owner of at least 51% of the voting shares in the Company. 
 2.
Representations and Warranties. Employee represents and warrants that he is not subject to any contractual or legal obligation arising out of any prior employment or working relationship he has had that restricts his right to work for the
Company. Employee further represents that he does not possess and will not utilize in connection with his employment with the Company any confidential or proprietary documents obtained during the course of any prior employment or working
relationships to which he does not have entitlement or that he otherwise is restricted from possessing or using. 
 3.
Confidentiality. Employee acknowledges that during the course of his association and engagement with the Company, he will continue to be in contact with and may have access to trade secrets, proprietary information, customers and potential
customers, suppliers and various confidential materials with respect to the Business of the Company, its affiliates and their respective operations (collectively “Confidential Information”). 

Recognizing that the disclosure or improper use of such Confidential Information will cause serious and irreparable injury to the Company,
Employee agrees that he will not at any time, directly or indirectly, during the term of his employment with the Company and for a period of five (5) years from the termination of his employment with the Company (this time period as a whole
being referred to herein as the “Restrictive Period”), directly or indirectly, disclose, sell, give, loan or otherwise transfer the Confidential Information to any person or entity or otherwise use Confidential Information for his
own benefit or the benefit of others, unless authorized in writing by the Company. Employee will hold any and all Confidential Information received by, or otherwise disclosed to, him in the strictest confidence. Without limiting the foregoing,
Employee will comply with all of the Company’s instructions for preserving its confidentiality and use Confidential Information only in furtherance of the Business. 

  
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 Notwithstanding the foregoing, this obligation of confidentiality shall not apply to any
information which (i) was known to the receiving party at the time of receipt; (ii) was in the public domain at the time of receipt; (iii) becomes public through no fault of the party obligated to keep it confidential; (iv) such
party legitimately learns from third parties who are under no obligation of confidentiality with respect to the information; or (v) is required by applicable law to be divulged. 

4. Non-Competition. Employee acknowledges that in the course of his employment with the Company
he will become familiar with the Company’s trade secrets and with Confidential Information and that his services will be of special, unique and extraordinary value to the Company. Therefore, Employee agrees that during the Restrictive Period
(notwithstanding any reason for termination), he will not directly or indirectly own, invest in, make loans to, operate, manage, control, participate in, consult with, advise, or engage in services for any entity which directly or indirectly
competes with the Business of the Company in the State of Illinois, since his knowledge of the Company’s trade secrets and Confidential Information would be very useful to such competitor and/or detrimental to the Company. The foregoing will
not prohibit Employee from having passive investments of less than one percent (1%) of the outstanding equity securities of any entity listed for trading on a national stock exchange (as defined in the Securities Exchange Act of 1934) or
any recognized automatic quotation system. 
 5. Non-Solicitation. During the Restrictive
Period, Employee will not, directly or indirectly: 
  

	 	(i)	 solicit, divert, or take away any of the Company’s customers, supplies or accounts; and/or

  

	 	(ii)	 assist another party, or himself divert, take away, hire, solicit or seek to induce employment of any person
who is then an employee of the Company or who was employed by the Company at any time during the term of Employee’s employment with the Company. 

6. Work Product. Employee agrees that all discoveries, inventions, ideas, concepts, research and other information, processes, products,
methods and improvements, directly or indirectly related to the Business, (collectively “Inventions”) which are conceived, developed or otherwise made by him alone or jointly with others during his engagement with the Company, shall
be the sole property of the Company. Employee therefore transfers and assigns the Inventions and all developments related to such Inventions created within one (1) year after the termination of his engagement (“Developed
Inventions”) exclusively to the Company. Employee shall currently and promptly disclose to the Company all Inventions and Developed Inventions. Employee shall execute any and all documents and shall provide such assistance necessary either
to evidence or register the assignment of these rights. 
 7. Return of Material. Upon the termination of Employee’s employment
with the Company for any reason, by either party, with or without Cause, (or earlier if requested by the Company), Employee immediately will deliver to the Company all Confidential Information, keys and other tangible materials and things relating
to Confidential Information which the Company entrusted to Employee and all other tangible materials which Employee created or developed, in whole or in part, within the scope of his engagement with the Company. 

  
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 8. Acknowledgement. Employee agrees that: (i) the covenants set forth herein are
reasonable in geographical and temporal scope and in all other respects; (ii) the Company would not have entered into this Agreement but for the covenants of Employee contained herein; and (iii) the covenants herein have been made in order
to induce the Company to enter into this Agreement. 
 9. Remedies. Employee agrees that it would be difficult to measure any
damages caused to the Company which might result from any breach by Employee of the promises set forth in Sections 3 through 7 of this Agreement and that, in any event, money damages would be an inadequate remedy for any such breach. Accordingly,
Employee agrees that if he breaches, or proposes to breach any portion of Sections 3 through 7 of this Agreement, the Company shall be entitled, in addition to all other remedies that it may have, to an injunction or other appropriate equitable
relief to restrain any such breach without showing or proving any actual damage to the Company. Employee agrees that he will be personally liable for all attorneys’ fees, costs, damages and penalties relating to the enforcement of any act to
prevent or stop the violation of the confidentiality, non-compete, non-solicitation, work product and return of materials provisions of this Agreement. 

10. Miscellaneous. 
 (a)
Applicable Law, Severability and Venue/Jurisdiction. This Agreement will be governed by and construed in accordance with the laws of Illinois. In the event any term or provision of this Agreement is held invalid, illegal or unenforceable, in
whole or in part, the validity, legality and enforceability of the remaining terms and provisions of this Agreement will not in any way be affected thereby. In the event that any term or provision of this Agreement is determined to be in violation
of any law or regulation, including but not limited to the Illinois Video Gaming Act, then the Agreement shall be modified in accordance with such applicable law or regulation so that the revised terms can best legally replicate the economic and
business terms set forth herein. If the parties cannot agree on such modification, then an arbitrator appointed by the American Arbitration Association shall determine such modification. 

Except as set forth in Section 9 hereof, the sole venue and jurisdiction for any matter or action related to this Agreement shall be the
federal or state courts residing in Cook County, Illinois. 
 (b) Complete Agreement. This Agreement embodies the complete
agreement and understanding among the parties and supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof. 

(c) Waiver of Jury Trial. The parties of this Agreement pursuant to Section 9 hereof, each hereby waives, to the fullest extent
permitted by law, any right to trial by jury on any claim, demand, action, or cause of action (i) arising under this Agreement or (ii) in any way connected with or related or incidental to the dealings of the parties hereto in respect of
this Agreement, in each case whether now existing or hereafter arising, and whether in contract, tort, equity, or otherwise. The parties of this Agreement each hereby agrees and consents that any such claim, demand, action, or cause of action shall
be decided by court trial without a jury and that the parties to this Agreement may file an original counterpart of a copy of this Agreement with any court as written evidence of the consent of the parties hereto to the waiver of their right to
trial by jury. 

  
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 (d) Counterparts; Facsimile or Email Transmission. This Agreement may be executed
simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together will constitute one and the same Agreement. This Agreement may also be executed and
delivered by facsimile or email transmission. 
 (e) Successors and Assigns. Except as otherwise provided herein, this Agreement
shall bind and inure to the benefit of and be enforceable by Employee, by the Company, and by the Company’s successors and assigns. 

(f) Amendment and Waiver. The provisions of this Agreement may be amended and waived only with the prior written consent of the Company
and Employee. 
 EMPLOYEE ACKNOWLEDGES AND AGREES THAT HE HAS HAD AMPLE OPPORTUNITY TO REVIEW THIS AGREEMENT WITH HIS ATTORNEY. EMPLOYEE ACKNOWLEDGES
THAT THE RESTRICTIONS CONTAINED HEREIN ARE FAIR, APPROPRIATE AND REASONABLE UNDER THE CIRCUMSTANCES. 
 IN WITNESS WHEREOF, the patties hereto have
executed this Agreement as of the date first above written. 

  
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	ACCEL ENTERTAINMENT GAMING, LLC:	 		 	EMPLOYEE:
	
	By:
			
	 /s/ Andrew H. Rubenstein
	 		 	 /s/ Derek Harmer

	Signature	 		 	Signature
			
	 Andrew H. Rubenstein
	 		 	 Derek Harmer

	Printed Name/Title	 		 	Print Name
			
	 3/6/2013
	 		 	 3/6/2013

	Date	 		 	Date

 FIRST AMENDMENT TO EMPLOYMENT AGREEMENT 

This First Amendment (“Amendment”) modifies the terms and conditions of the Employment Agreement between Accel Entertainment Gaming,
LLC (“Company”) and Derek S. Harmer (“Employee”) entered into on March 6, 2013 (the “Agreement”) with an effective date of July 9, 2012. 

The Company and Employee agree to modify the terms of the Agreement as follows: 

1. Sections 1(b)(i); 1(b)(ii); and 1(b)(iii) are hereby deleted in their entirety and replaced with the following new Sections l(b)(i);
l(b)(ii); and l(b)(iii): 
 “1. (b) Compensation and Benefits. 

(i) Compensation. Employee’s base salary will be $265,000. The target range for any annual upward adjustments to
Employee’s Base Salary shall be between 3%-10% which shall be based upon both the performance of the Employee and the Company. Any upward adjustments to Employee’s Base Salary must be approved by the
Company’s Governance Committee, in their sole discretion, and also must be approved by the Company’s Board of Directors. 

(ii) Cash Bonus. (1) Employee is eligible for a cash bonus from the Company for 2017, as approved by the
Company’s Governance Committee, in their sole discretion, and also approved by the Company’s Board of Directors. (2) Beginning January 1, 2018, Employee is eligible in any calendar year for a target cash bonus of 35% of the
Employee’s Base Salary (“Target Cash Bonus”). 
 (iii) Equity Incentive Program. Beginning
January 1, 2018, Employee shall be eligible in any calendar year for up to 2,000 common share options priced at the end of that year share price in each year (“Target Equity Bonus”). For purpose of this Section 1(b)(iii), the
value of each common stock option shall be 100% of the stock option price. (For example, if the stock option price is $60.00, the value of an option for one share of common stock would be $60.00.) In no event shall the value of the Target Equity
Bonus of stock options or equity awarded under the provision contained in this Agreement together exceed an amount of 50% of the then Base Salary in any such year. Any Target Equity Bonus must be approved by the Company’s Board of Directors, in
their sole discretion. The terms of the Company’s Equity Incentive Plan will govern any employee stock options or equity granted.” 

 2. The following new Section l(b)(xi) is hereby added to and shall be part of the Agreement:

 “(xi) Approval. Notwithstanding anything to the contrary herein, all awards of Target Cash Bonus and Target
Equity Bonus of stock options or equity must be approved by the Company’s Board of Directors, in their sole discretion.” 
 3. The
following new Section l(c)(iv) is hereby added to and shall be part of the Agreement: 
 “(iv). Termination by the
Company without Cause or by the Employee for Good Reason. If (i) the Employment Period is terminated by the Company for any reason other than for Cause, Disability or death, (ii) the Employment Period is terminated by the Company for
what the Company believes is Cause or Disability, and it is ultimately determined that the Employment Period was terminated without Cause or Disability (iii) the Employee resigns for Good Reason, (iv) this Agreement is not renewed or
otherwise extended by the Company after the Expected Completion Date, and the reason for such non-renewal or extension is not related to a termination for Cause, Disability or death of the Employee, the
Employee shall be entitled to receive, as damages for such a termination, resignation or non-renewal, an amount equal to two-thirds of his Base Salary and Target Cash
Bonus (collectively the “Termination Payment”) received during the period 360 days prior to the Termination Date. The Termination Payment shall be paid to Employee within 30 days of the Termination Date.” 

4. Section 4. Non-Competition is hereby deleted in its entirety and replaced with the
following new Section 4. Non-Competition: 
 “4.
Non-Competition. Employee acknowledges that in the course of his employment with the Company he will become familiar with the Company’s trade secrets and with Confidential Information and that his services will be of special, unique and
extraordinary value to the Company. Therefore, Employee agrees that, during the two year period following the termination of his employment (notwithstanding any reason for termination), he will not directly or indirectly own, invest in, make loans
to, operate, manage, control, participate in, consult with, advise, or engage in services for any entity which directly or indirectly competes with the Business of the Company in the State of Illinois and any other jurisdiction that Accel is
licensed or has applied for licensing for gaming, since his knowledge of the Company’s trade secrets and Confidential Information would be very useful to such competitor and/or detrimental to the Company. The foregoing will not prohibit
Employee from having passive investments of less than one percent (1%) of the outstanding equity securities of any entity listed for trading on a national stock exchange (as defined in the Securities Exchange Act of 1934) or any recognized automatic
quotation system.” 

  
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 No other sections of the Agreement have been modified in any way by this Amendment.
Accordingly, all terms not modified by the terms of this Amendment shall remain in full force and effect. If there are any inconsistencies between the te1ms of this Agreement and this Amendment, the Amendment shall control. 

Agreed this 8th of November, 2017 
  

									
	ACCEL ENTERTAINMENT GAMING, LLC	 		 		 	EMPLOYEE
					
	By:	 	 /s/ Andrew H. Rubenstein
	 	        	 	        	 	 /s/ Derek S. Harmer

		 	Andrew H. Rubenstein	 		 		 	Derek S. Harmer
		 	Manager	 		 		 	General Counsel and
		 		 		 		 	Chief Compliance Officer

  
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 SECOND AMENDMENT TO EMPLOYMENT AGREEMENT 

This Second Amendment (“Amendment”) modifies the terms and conditions of the Employment Agreement between Accel Entertainment
Gaming, LLC (“Company”) and Derek S. Harmer (“Employee”) entered into on March 6, 2013 with an effective date of July 9, 2012 and the First Amendment entered into on November 8, 2017. The Employment Agreement
and First Amendment to Employment Agreement shall collectively be referred to as the “Agreement.” 
 The Company and Employee
agree to modify the terms of the Agreement as follows: 
 1. Section 1(b)(ii) is hereby deleted in its entirety and replaced with the
following new Section 1(b)(ii): 
 “1. (b) Compensation and Benefits. 

(ii) Cash Bonus. Beginning January 1, 2018, Employee is eligible in any calendar year for a target cash bonus of
45% of the Employee’s Base Salary (“Target Cash Bonus”). 
 No other sections of the Agreement have been modified in any way
by this Amendment. Accordingly, all terms not modified by the terms of this Amendment shall remain in full force and effect. If there are any inconsistencies between the terms of this Agreement and this Amendment, the Amendment shall control. 

Agreed to this 9th day of July, 2018: 

 

									
	ACCEL ENTERTAINMENT GAMING, LLC	 		 		 	EMPLOYEE
					
	By:	 	 /s/ Andrew H. Rubenstein
	 		 	        	 	 /s/ Derek S. Harmer

		 	Andrew H. Rubenstein	 		 		 	Derek S. Harmer
		 	Manager	 		 		 	General Counsel and
		 		 		 		 	Chief Compliance OfficerExhibit 10.13

 

PURCHASE AND SALE AGREEMENT

 

THIS PURCHASE AND
SALE AGREEMENT (this “Agreement”) is made and entered into as of the  9 day of April, 2019 (the “Effective
Date”), by and between GLOBAL WELLS INVESTMENT GROUP LLC, a Texas limited liability company (“Seller”),
and ATOSA CATERING EQUIPMENT, INC., a California corporation (“Purchaser”).

 

In consideration of
the mutual covenants and provisions herein contained and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Seller and Purchaser agree as follows:

 

ARTICLE 1

 

DESCRIPTION OF PROPERTY

 

1.1          Purchase
and Sale.

 

Seller hereby
agrees to sell, assign, and convey to Purchaser, and Purchaser agrees to purchase from Seller, in accordance with the terms
and subject to the conditions contained herein, Unit B of 3201 Capital Blvd. Condominium, a condominium project in Rockwall,
Rockwall County, Texas created under and described in the Declaration of Condominium Regime For The 3201 Capital Blvd.
Condominium recorded in ____________________ of the ___________________ Records of Rockwall County, Texas, and any amendments
thereto (the “Declaration”), together with such Unit’s undivided interest in the Common Elements defined in
and designated by the Declaration (the “Premises”), together with:

 

(a)          All
fixtures, furniture, equipment, machinery, appliances, supplies and other types and items of personal property affixed to, located
on or used in connection with the operation of the Premises (the “Personal Property”);

 

(b)          All
licenses, permits, certificates of occupancy, development rights consents and approvals (whether governmental, regulatory or otherwise)
relating to the use, operation or maintenance of the Premises including, without limitation, those described on Exhibit “A”
attached hereto and incorporated by reference herein (the “Permits”); and

 

(c)          All
intangible personal property used in connection with the Premises and the business operated thereon including, without limitation,
all plans and specifications and other architectural and engineering drawings for the Improvements, all warranties relating to
the Property, and all licenses, franchises, logos, trade names, trademarks, service marks, telephone numbers and advertising materials
(the “Intangibles”).

 

The Premises, Personal
Property, Permits and Intangibles are hereinafter sometimes collectively referred to as the “Property”.

 

     

     

    

 

ARTICLE 2

 

PURCHASE PRICE

 

2.1          Purchase
Price.

 

The total purchase
price for the Property which Purchaser agrees to pay to Seller shall be $10,055,284.00 (the “Purchase Price”).

 

2.2          Payment
of Purchase Price.

 

Purchaser shall pay
to Seller at Closing the Purchase Price, subject to adjustments and credits as set forth in this Agreement, as follows:

 

(a)          The
Earnest Money (hereinafter defined) shall be credited to the Purchase Price; and

 

(b)         The
balance of the Purchase Price shall be paid by Purchaser to Seller either by (i) wire transfer of immediately available funds or
(ii) such other method as is approved by Seller. In the event payment is made by wire transfer, sums shall be deemed paid by Purchaser
when receipt of the wire transfer is acknowledged by a financial institution designated by Seller as the recipient.

 

ARTICLE 3

 

EARNEST MONEY

 

3.1         Amount;
Terms.

 

Seller acknowledges
that Purchaser has previously deposited with Seller the sum of One Million Five Hundred Thousand and No/100 Dollars ($2,000,000.00)
(the “Earnest Money”). If the sale of the Property is consummated pursuant to the terms of this Agreement, the Earnest
Money shall be applied as a credit to Purchaser’s account for payment of the Purchase Price. If Purchaser terminates or is
deemed to terminate this Agreement in accordance with any right to terminate granted by this Agreement, or if Seller is in default
under this Agreement, $100.00 out of the Earnest Money shall be retained by Seller as independent consideration for its execution
of this Agreement, and the remainder of the Earnest Money shall be immediately returned to Purchaser, and Purchaser shall have
no further obligations hereunder.

 

ARTICLE 4

 

INSPECTION PERIOD

 

4.1          Duration.

 

Purchaser shall have
the right, subject to the terms herein, for a thirty (30) day period commencing on the Effective Date and ending at 6:00 p.m. (Houston,
Texas time) thirty (30) days thereafter (the “Inspection Period”) to enter upon the Premises to inspect and investigate
the

 

    	 	2	 

     

    

 

Property to determine whether or not the
same is satisfactory to Purchaser, in Purchaser’s sole discretion.

 

4.2          Entry
and Inspection.

 

During the Inspection
Period, Seller shall make the Property available for inspection by Purchaser, Purchaser’s employees, agents and contractors,
during normal business hours and at such other times upon reasonable notice. During the Inspection Period, Purchaser may undertake
a complete physical inspection of the Property as Purchaser deems appropriate. In addition, Purchaser shall have the right to review
any files maintained by Seller or its property manager relating to the construction, operation, leasing, maintenance and/or management
of the Property including, without limitation, appraisals, permits and approvals, rent rolls, financial and operating statements,
environmental audits, inspection reports and studies, structural engineering studies, environmental studies (including soil surveys),
Service Contracts, plans and specifications, lease files, operating agreements and bills, invoices, receipts and other records
relating to the income and expenses of the Property, and to conduct such investigations, tests, surveys and other analyses as Purchaser
determines is necessary including, without limitation, entry into or upon any space within the Premises.

 

All such inspections,
investigations and examinations shall be undertaken at Purchaser’s sole cost and expense. Seller shall have the option of
having one of Seller’s representatives present at any and all on-site inspections. After completing any inspections, Purchaser
shall restore and repair any damage caused by Purchaser’s inspections to substantially the same condition that existed immediately
prior to such inspection. Purchaser shall not be responsible for any loss, claim or damage to the Property or to any person related
to any environmental or other condition or issue which existed prior to Purchaser’s inspection or to the existence of any
hazardous materials or substances which are discovered during Purchaser’s inspection. Purchaser agrees to use commercially
reasonable efforts to not unreasonably disrupt the business operations of any of the Tenants during its inspections under this
Section 4.2.

 

Seller shall deliver
the following items to Purchaser within ten (10) days after the Effective Date (the “Due Diligence Materials”): all
information, drawings, permits, correspondence and reports relating to the Property; all boundary surveys, as-built surveys and
maps pertaining to the Property; all restrictive covenants, conditions or restrictions imposed on or benefitting the Property;
all engineering data, drawings, plan specifications, site plans and architectural renderings relating to the Property; all book
and records of any retailers association pertaining to the Property; all environmental studies, surveys, soil tests, audits, reports
and other information relating to the Property including, but not limited to, information pertaining to jurisdictional wetlands,
environmental soil conditions or subsurface conditions of the Property; a current rent roll; the Leases and Guaranties; all estoppel
certificates and subordination or non-disturbance agreements executed by any Tenant with respect to a Lease; financial operating
reports and income and expense statements for the Property for the last three (3) years; ad valorem and personal property tax bills
for the Property for the last three (3) years; all utility bills for the Property for the most recent month and the six (6) months
prior thereto; a list of onsite staff for the Property; all Service Contracts; each ALTA Owner’s Policy of Title Insurance
obtained by Seller with respect to the Premises or any part thereof; all mold or moisture reports

 

    	 	3	 

     

    

 

or plans; Seller’s policy of property
and casualty insurance applicable to the Property; and names and addresses of all consultants and engineers retained by Seller
to study the Property.

 

Seller shall make available
to Purchaser such other documentation as reasonably requested at the Property or Seller’s office. Seller shall cooperate
with Purchaser in its due diligence review and investigation of the Property and shall direct its employees, agents and management
company to cooperate with Purchaser in such review and investigation.

 

4.3          Termination
of Inspection Period.

 

Purchaser shall have
the right, for any reason and at any time during the Inspection Period (as it may be extended), to notify Seller in writing that
it has elected to terminate this Agreement and receive a return of the Earnest Money, other than $100.00 thereof, which shall be
retained by Seller as independent consideration for its execution of this Agreement.

 

ARTICLE 5

 

TITLE POLICY

 

5.1          Title.

 

Seller shall cause
Ranger Title Co. (the “Title Company”), within ten (10) days after the Effective Date, to deliver to Purchaser a commitment
of title insurance (the “Commitment”), together with copies of all title documents listed as exceptions, committing
to issue to Purchaser an Owner Policy of Title Insurance in the total amount of the Purchase Price, insuring fee simple title to
the Premises, subject only to the hereinafter defined Permitted Exceptions. Within twenty (20) days after its receipt of the Commitment,
Purchaser shall notify Seller in writing of any defects or objections to the title appearing in the Commitment (the “Title
Defects”). Within ten (10) days after receipt of Purchaser’s notice of Title Defects, Seller shall provide notice to
Purchaser of which Title Defects it elects to cure and Seller shall have until Closing to cure said Title Defects. Seller agrees
to take such actions to satisfy the all Schedule C requirements in the Commitment within its control and satisfy, pay or bond-off
at Closing from the sales proceeds amounts secured by consensual liens or deeds of trust, real estate taxes and assessments which
are due and payable (subject to proration adjustments as provided herein) and liens or judgments affecting all or any portion of
the Property (collectively, the “Mandatory Cure Items”), and the failure to do so shall constitute a material default
of Seller hereunder. If Seller fails to remedy any Title Defect that is not a Mandatory Cure Item prior to Closing, Purchaser may,
in its sole discretion, either (a) terminate this Agreement and receive return of the Earnest Money, other than $100.00 thereof,
which shall be retained by Seller as independent consideration for its execution of this Agreement or (b) waive such Title Defect
and consummate the Closing.

 

5.2          Permitted
Exceptions.

 

It is understood and
agreed that the Premises are being sold by Seller to Purchaser free and clear of all liens, claims and encumbrances, except the
hereinafter Permitted Exceptions, and it is further understood and agreed that the conveyance by General Warranty Deed to be delivered
by Seller at Closing shall be subject only to the following (“Permitted Exceptions”):

 

    	 	4	 

     

    

 

(a)          Laws,
ordinances and governmental regulations affecting the occupancy, use or enjoyment of the Premises none of which prevent its present
use;

 

(b)          All
matters shown on Schedule B of the Commitment which do not constitute Title Defects; and

 

(c)          Real
estate taxes and assessments for the year of Closing and subsequent years.

 

5.3          Later
Title Exceptions.

 

If any new matters
appear on any update to the Commitment obtained by Purchaser, then all of the provisions of Section 5.1 shall apply thereto except:
(1) the time for Purchaser to object shall be five (5) days after it receives said update; (2) the time for Seller to respond shall
be five (5) days after it receives Purchaser’s notice of any objection; and (3) the time for Purchaser to exercise its remedies
shall be five (5) days after receiving Seller’s written response. Seller must cure any later objection which is a Mandatory
Cure Item or a matter created or arising in violation of any of Seller’s obligations under this Agreement. In addition, if
any of the time periods provided for in this Section 5.4 extend beyond the Closing Date, then the Closing Date will be extended
until a date which is five (5) days after the last applicable date.

 

ARTICLE 6

 

REPRESENTATIONS, WARRANTIES AND COVENANTS
BY SELLER

 

6.1          Seller’s
Representations and Warranties.

 

Seller hereby represents
and warrants to Purchaser that the following matters are true and correct as of the Effective Date and as of the Closing Date:

 

(a)          Seller
owns good and indefeasible title to the Property, subject only to the Permitted Exceptions and those liens or encumbrances which
Seller will pay off and release at Closing.

 

(b)          The
execution, delivery and performance by Seller of this Agreement is within the authority of Seller, has been authorized by all necessary
proceedings and do not and will not contravene any provision of law, any organizational document of Seller or any written agreement
or contract to which Seller is a party.

 

(c)        There
are no judgments outstanding against Seller or petitions, suits, claims, causes of actions or moratoria or any other proceedings
pending or threatened against Seller before any court or other governmental, administrative, regulatory, adjudicatory, or arbitrational
body of any kind which, if decided adversely to Seller, would adversely affect Seller’s ability to perform its obligations
under this Agreement.

 

(d)          Upon
execution and delivery of this Agreement by Seller, this Agreement will be a valid and binding obligation of Seller, enforceable
against Seller in accordance with its terms.

 

    	 	5	 

     

    

 

(e)         There
is no pending or, to the best of Seller’s knowledge, threatened, litigation, condemnation, investigation or other legal proceeding
affecting the Property or any portion thereof, and there are no actions, suits, proceedings, orders, administrative proceedings
or investigations pending or, to the best of Seller’s knowledge, threatened, against or affecting the Property or any portion
thereof.

 

(f)          There
are no leases, licenses, occupancy agreements or other agreements giving any person the right to occupy all or any part of the
Premises.

 

(g)          There
are no service contracts or agreements pertaining to the use, operation or maintenance of the Premises.

 

(h)        To
the best of Seller’s knowledge, the Premises have not contained and do not now contain any Hazardous Materials or substances
in quantities or concentrations that require removal or remediation in accordance with applicable law. “Hazardous Material”
means any hazardous or toxic waste, substance or material, pollutant or contaminant, or words of similar import, as the same may
be defined from time to time in the Comprehensive Environmental Response Compensation and Liability Act of 1980 (42 U.S.C. Section
9601 et. seq.), as amended, or the Resource Conservation and Recovery Act (42 U.S.C. Section 6901 et. seq.), as amended, or any
other applicable federal, state or local law, ordinance, rule or regulation relating to the environment, pollutants, contamination
or similar matters. The Premises have been operated by Seller in compliance with all applicable federal, state and local laws and
regulations (“Environmental Laws”) governing Hazardous Materials; Seller has not received any notice or citation for
noncompliance with respect to any Environmental Laws relating to the Premises; no Hazardous Material has been or is currently generated,
stored, transported, utilized, disposed of, managed, treated, released or located on or from the Premises (whether or not in reportable
quantities); and there are no underground storage tanks under the Premises.

 

(i)          Seller
has received no notice of any special assessments for public improvements against the Premises, nor has any knowledge of any such
assessments that may be or are pending or threatened, including, without limitation, those for construction of sewer and water
lines or mains, street lights, streets, sidewalks and curbs. If Seller receives notice of any such assessment during the term of
this Agreement, Seller will promptly notify Purchaser of same.

 

(j)          There
are no sums due as leasing commissions or brokerage or finders fees in connection with the Premises that will become due and payable
or occur after the Closing Date.

 

(k)          All
fixtures, machinery, equipment and other articles of Personal Property attached or appurtenant to, or used in connection with,
the Property are owned by Seller, free of any liens or encumbrances.

 

(l)          No
notice of violation of any laws has been received by Seller, and Seller has no reason to believe that any such notice may or will
be issued.

 

(m)        The
Property is not a “plan asset” as defined in ERISA and the sale of the Property by Seller is not a “prohibited
transaction” under ERISA.

 

(n)         There
are no tax protest proceedings pending with respect to Property.

 

    	 	6	 

     

    

 

(o)          Seller
has not commenced nor threatened any construction defect claim against any contractor, engineer or architect with respect to the
Property.

 

(p)          No
insurance claims have been filed by Seller with respect to the Property. To the best of Seller’s knowledge, no fact or condition
exists which with the giving of notice or passage of time, or both, would give rise to Seller’s right to file a claim with
any of its insurance carriers with respect to any portion of the Property.

 

6.2         Violations.

 

Seller shall cure and
remove of record any violations noted or issued by any governmental authority prior to the Closing Date provided that the monetary
cost of removal or cure thereof does not exceed One Hundred Thousand And NO/100 Dollars ($100,000.00).

 

6.3         Survival.

 

All of the provisions of Article 6 shall
survive Closing.

 

ARTICLE 7

 

REPRESENTATIONS. WARRANTIES AND COVENANTS
BY PURCHASER

 

7.1         Purchaser’s
Representations and Warranties.

 

The execution, delivery
and performance by Purchaser of this Agreement is within the authority of Purchaser, has been authorized by all necessary proceedings
and do not and will not contravene any provision of law, Purchaser’s organizational document or any written agreement or
contract to which Purchaser is a party. There are no judgments outstanding against Purchaser or petitions, suits, claims, causes
of actions or moratoria or any other proceedings pending or threatened against Purchaser before any court or other governmental,
administrative, regulatory, adjudicatory, or arbitrational body of any kind which, if decided adversely to Purchaser, would adversely
affect Purchaser’s ability to perform its obligations under this Agreement. Upon execution and delivery by Purchaser of this
Agreement, this Agreement will be a valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with
its terms.

 

7.2         Survival.

 

All the provisions of Article 7 shall survive
Closing.

 

ARTICLE 8

 

CLOSING

 

8.1         Closing.

 

The Closing shall be
held in the offices of Title Company, at 10:00 a.m. on or before the tenth (10th) day after the expiration of the Inspection Period
(the “Closing Date”) unless the parties mutually agree in writing upon another place, time or date.

 

    	 	7	 

     

    

 

8.2          Seller’s
Obligations at Closing.

 

At Closing, Seller
shall deliver or caused to be delivered to Purchaser the following documents:

 

(a)          General
Warranty Deed (the “Deed”) in the form attached hereto as Exhibit “B”, executed and acknowledged
by Seller, conveying the Premises to Purchaser, free and clear of all encumbrances other than the Permitted Exceptions;

 

(b)          Bill
of Sale, in the form attached hereto as Exhibit “C”, executed by Seller, conveying the Personal Property
to Purchaser;

 

(c)          an
Owner’s Affidavit in the form required by Title Company to remove the standard exceptions from the Owner and Loan Title Policies,
including the “gap”, mechanics liens and parties in possession (except for Tenants in possession as tenants only pursuant
to the Leases, and which shall specifically note that such Tenants do not have any rights of first refusal or options to purchase
or renew) exceptions and Service Contracts (to the extent the Service Contracts are listed in the Commitment);

 

(d)          a
Non-Foreign Affidavit stating that Seller is not a foreign person or disregarded entity for purposes of the Internal Revenue Code;

 

(e)          possession
of the Property together with all keys;

 

(f)          all
construction plans and as-built drawings of the Premises in Seller’s possession or control;

 

(g)          a
Pro-Forma Owner Policy of Title Insurance, substantially in the form of the Commitment, containing such modifications and endorsements
as Purchaser may require, subject only to the Permitted Exceptions, and in the amount of the Purchase Price; and

 

(h)          closing
or settlement statements, and such other documents, instruments, and pay-off letters, if any, as may be required by applicable
law or as Purchaser, Purchaser’s attorney, Purchaser’s lender or Title Company may reasonably request in order to effectuate
the transaction contemplated by this Agreement.

 

8.3         Purchaser’s
Obligations at Closing.

 

At Closing, Purchaser shall deliver
to Seller the following:

 

(a)          the
Purchase Price in accordance with the provisions of Article 2; and

 

(b)          closing
or settlement statements, and such other documents or instruments as may be required by applicable law or as Seller, Seller’s
attorney or Title Company may reasonably request in order to effectuate the transaction contemplated by this Agreement.

 

    	 	8	 

     

    

 

ARTICLE 9

 

CLOSING COSTS, PRORATIONS OF RENTS,

TAXES AND MISCELLANEOUS EXPENSES

 

9.1         Closing
Costs.

 

Purchaser and Seller
shall each pay their own attorney’s fees. At Closing, (a) Purchaser and Seller shall each pay one-half of all recording costs
for the Deed, title insurance premiums for the Owner Policy of Title Insurance and any escrow fee, (b) Seller shall pay all costs
(including recording costs) associated with curing any Title Defects, and all costs (including recording costs) to payoff and release
any and all liens and (c) Purchaser shall pay all recording costs for any lender documents, all fees associated with financing
the Purchase Price, all costs associated with any mortgagee’s title policy (at simultaneous issue rates) and one-half of
any escrow fee.

 

9.2         Real
and Personal Property Taxes.

 

Real estate taxes and
assessments on the Premises and personal property taxes on the Personal Property for the year of Closing shall be prorated as of
the Closing Date. Seller shall be responsible for all real estate and personal property taxes and assessments accrued for the period
ending on the day immediately preceding the Closing Date and Purchaser shall be responsible for all such taxes and assessments
from and after the Closing Date. If the tax or assessments bills for the year of Closing have not been issued prior to Closing,
such taxes or assessments shall be prorated based upon the tax or assessment bills issued for the previous year.

 

9.3         Expenses.

 

All bills and expenses
of every nature relating to the Property, including those for labor, materials, utilities, services, and capital improvements incurred
through the day immediately preceding the Closing Date shall be paid by Seller, except for any such expenses incurred by or at
the direction of Purchaser in connection with Purchaser’s inspection of the Property, all of which expenses incurred by or
at the direction of Purchaser shall be paid by Purchaser. All expenses or costs relating to the Property incurred on or after the
Closing Date shall be paid by Purchaser.

 

9.4         Survival.

 

All of the provisions
of Article 9 shall survive Closing and the execution and delivery of the Deed.

 

    	 	9	 

     

    

 

ARTICLE 10

 

RISK OF LOSS

 

10.1        Casualty.

 

Seller assumes all
risk and liability, damage to or injury occurring to the Premises and/or Personal Property by fire, storm, accident or any other
casualty or cause until the Closing has been consummated. If the Premises and/or Personal Property or any part thereof, suffers
any damages prior to Closing from fire or other casualty, Seller shall promptly notify Purchaser of such damage. If such damage
is not material and will not take more than two (2) months to repair from the date of the casualty, then Seller shall repair such
damage, in which event the time for Closing shall be extended by the length of time reasonably necessary for Seller to complete
such repairs. If such damage is material, then Purchaser shall have the option to: (a) terminate this Agreement whereupon the Earnest
Money shall be returned to Purchaser, other man $100.00 thereof, which shall be retained by Seller as independent consideration
for its execution of this Agreement, in which event the parties shall have no further rights and liabilities hereunder except with
respect to those matters specifically surviving termination or Closing; or (b) elect to proceed to Closing whereupon Purchaser
shall have the option to either (i) require Seller to repair such damage, in which event the time for Closing shall be extended
by the length of time reasonably necessary for Seller to complete such repairs; or (ii) without Seller repairing such damage, consummate
the Closing, in which latter event the proceeds of all insurance covering such damage shall be assigned by Seller to Purchaser
at Closing and the Purchase Price shall be reduced by the amount of any deductible and co-insurance and any amounts retained by
Seller’s lender. For purposes hereof, “material” shall be deemed to mean any damage to more than three percent
(3%) of the square footage of the Premises, any damage which will cost more than three percent (3%) of the Purchase Price to replace
and/or repair or any damage which will take more than two (2) months to replace and/or repair. Seller agrees to provide to Purchaser
copies of all claims, correspondence, and damage reports and such other information as reasonably requested by Purchaser, submitted
to or received by Seller in connection with any casualty.

 

10.2        Condemnation.

 

If, prior to
Closing, any action is initiated or threatened to take a material part of the Premises by eminent domain proceedings or by
deed in lieu under threat thereof, Seller shall promptly notify Purchaser thereof, and Purchaser may either (a) terminate
this Agreement whereupon the Earnest Money shall be returned to Purchaser, other than $100.00 thereof, which shall be
retained by Seller as independent consideration for its execution of this Agreement, in which event the parties shall have no
further rights or obligations hereunder except those matters specifically surviving termination or Closing; or (b) elect to
proceed to Closing, in which latter event the award of the condemning authority shall be assigned to Purchaser at Closing and
Purchaser and the Purchase Price shall be reduced by the amount of any proceeds received by Seller or Seller’s lender.
For purposes hereof, a “material part” shall be deemed to mean (a) more than three percent (3%) of the square
footage of the Premises or the Improvements or (b) any parking or common areas in the Premises which causes the Premises to
be nonconforming as to any governmental or covenant requirement. The provisions of this

 

    	 	10	 

     

    

 

Section 10.2 shall control, and be effective
notwithstanding, the provisions of the Uniform Vendor and Purchaser Risk Act set forth in Section 5.007 of the Texas Property Code.

 

ARTICLE 11

 

DEFAULT

 

11.1       Default
by Seller.

 

If Seller is in default
or breaches the terms or provisions of this Agreement, then Purchaser shall give Seller written notice specifying the nature of
the default. Seller shall have until the earlier of the Closing Date or the date that is five (5) business days after receipt of
Purchaser’s notice of default to cure the specified default. If Seller does not cure such default within said period, and
such default is not waived in writing by Purchaser, then Purchaser, at its option, may either, as its sole and exclusive remedy,
(a) terminate this Agreement and be entitled to the immediate return of the Earnest Money, plus reimbursement of Purchaser’s
out of pocket expenses not to exceed one hundred thousand and No/100 Dollars ($100,000), (b) enforce specific performance of this
Agreement or (c) waive such default by Seller and proceed to Closing.

 

11.2       Default
by Purchaser.

 

If Purchaser is in default
or breaches the terms or provisions of this Agreement, then Seller shall give Purchaser written notice specifying the nature of
the default. Purchaser shall have until the earlier of the Closing Date or the date that is five (5) business days after receipt
of Seller’s notice of default to cure the specified default. If Purchaser does not cure such default within said period,
and such default is not waived in writing by Seller, then Seller shall be entitled to retain the Earnest Money, as liquidated damages
(and not as a penalty), as Seller’s sole remedy and relief. Seller and Purchaser have made these provisions for liquidated
damages as it would be difficult to calculate on the date hereof the amount of actual damages for such breach and agree that these
sums represent reasonable compensation to Seller for such breach.

 

ARTICLE 12

 

MISCELLANEOUS

 

12.1        Notices.

 

All notices, demands
and requests which may be given or which are required to be given by either party to the other, and any exercise of a right of
termination provided by this Agreement, shall be in writing and shall be deemed received (a) when personally delivered to the party
to receive such notice or (b) whether actually received or not, one (1) business day after deposit with a reputable overnight delivery
service such as FedEx or UPS, with delivery costs prepaid, addressed as follows:

 

	If to Seller:	Global Wells Investment Group LLC	 
	 	 	 
	 	/s/ Alan Yu	 
	 	 	 

 

    	 	11	 

     

    

 

	 	Attn:	 	 
	 	 	 
	With a copy to:	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	If to Purchaser:	Atosa Catering Equipment, Inc.	 
	 	 	 
	 	 	 
	 	Attn:	/s/ Xuxian Shao	 
	 	 	 
	With a copy to:	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

12.2       Broker.

 

Each party represents
to the other party that neither it nor any of its agents, affiliates, shareholders or partners have dealt with any person or entity
that might have a claim for sales or brokerage commission or finder’s fee with respect to the transaction contemplated by
this Agreement. The parties hereto agree that each party will indemnify, hold harmless and defend the other from and against any
claim for any commission or fee by any other broker or similar person or entity claiming to have acted through the defaulting party
or its agents, affiliates, shareholders, or partners. The provisions of this Section 12.2 shall survive Closing.

 

12.3       Entire
Agreement.

 

This Agreement and
the Exhibits hereto embody the entire agreement between the parties relative to the subject matter, and there are no oral or written
agreements between the parties, nor any representations made by either party relative to the subject matter, which are not expressly
set forth herein.

 

12.4       Amendment.

 

This Agreement may
be amended only by a written instrument executed by the party or parties to be bound thereby.

 

12.5       Headings.

 

The captions and headings
used in this Agreement are for convenience only and do not in any way limit, amplify, or otherwise modify the provisions of this
Agreement.

 

    	 	12	 

     

    

 

12.6       Time
of the Essence.

 

Time is of the essence
of this Agreement. However, if the final date of any period which is set out in any provision of this Agreement falls on a Saturday,
Sunday or legal holiday under the laws of the State of Texas, in such event, the time of such period shall be extended to the next
day which is not a Saturday, Sunday or legal holiday.

 

12.7       Governing
Law.

 

This Agreement shall
be construed in accordance with and governed by the laws of the State of Texas, without reference to its choice of law principles.

 

12.8       Successors
and Assigns.

 

This Agreement shall
bind and inure to the benefit of Seller, Purchaser and their respective successors and assigns. Except (i) to an entity controlling,
controlled by or under common control with Purchaser, (ii) to an entity controlling, controlled by or under common control with
one of the principals of Purchaser, (iii) to one of the principals of Purchaser, Purchaser shall not assign, sell, convey, encumber
or otherwise transfer Purchaser’s rights under this Agreement without the prior written consent of Seller.

 

12.9       Invalid
Provision.

 

If any provision of
this Agreement is held to be illegal, invalid or unenforceable under present or future laws, such provision shall be fully severable;
this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part
of this Agreement; and, the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected
by such illegal, invalid or unenforceable provision or by its severance from this Agreement.

 

12.10     Attorneys’
Fees.

 

In the event it becomes
necessary for either party hereto to file suit to enforce this Agreement or any provision contained herein, the party prevailing
in such suit shall be entitled to recover, in addition to all other remedies or damages as herein provided, reasonable attorneys’,
paralegals’ and expert witnesses’ fees and costs incurred in such suit at trial or on appeal or in connection with
any bankruptcy or similar proceedings.

 

12.11     Multiple
Counterparts.

 

This Agreement may
be executed in a number of identical counterparts, each of which for all purposes is deemed an original, and all of which constitute
collectively one (1) agreement, but in making proof of this Agreement, it shall not be necessary to produce or account for more
than one such counterpart.

 

    	 	13	 

     

    

 

12.12     Non-Merger.

 

In addition to the
specific language of non-merger found in certain sections of this Agreement, any provision hereof which by its terms would be performed
after Closing shall survive the Closing and shall not merge in the Closing or in the Deed, except as specifically provided to the
contrary herein.

 

12.13     Confidentiality.

 

Neither Purchaser nor
Seller shall, prior to the Closing, issue any press releases or make any public statement, public announcement, or public disclosures
of any kind concerning the subject matter hereof, structure of the transactions or the status of negotiations conducted hereunder
except as may be jointly agreed to by Seller and Purchaser or as either of them may consider necessary in order to satisfy the
requirements of applicable law.

 

12.14     Operations
Pending Closing.

 

From the Effective
Date until Closing, Seller agrees to manage and operate the Premises free from waste and neglect and consistent with the ordinary
course of business and current management practices. Seller further agrees: (a) to maintain the Premises in their current condition
and repair (normal wear and tear and casualty loss excepted); (b) to maintain the existing property and casualty insurance on the
Premises; and (c) to perform timely all of its obligations under all existing Permits.

 

12.15          New
Leases and Service Contracts.

 

Except with the prior
written consent of Purchaser, Seller shall not enter into any new leases (“New Lease”) for any portion of the Premises
nor any new service, maintenance, or other contract (“New Contract”) with respect to the Property. A draft of each
New Lease or New Contract proposed to be entered into by Seller after the Effective Date will be submitted to Purchaser for its
approval prior to execution by Seller, which approval shall not be unreasonably withheld, conditioned or delayed. Purchaser shall
notify Seller in writing within five (5) business days after its receipt of each such proposed New Lease or New Contract of either
its approval or disapproval thereof. In the event Purchaser informs Seller that Purchaser does not approve any such proposed New
Lease or New Contract. Seller shall not enter into such New Lease or New Contract. In the event Purchaser fails to notify Seller
in writing of its approval or disapproval of any such proposed New Lease or New Contract within such five (5) business day time
period, such failure shall be deemed the approval by Purchaser of such New Lease or New Contract. In the event Purchaser approves
any New Lease, Seller shall deliver to Purchaser an Estoppel Certificate from the Tenant(s) thereunder as required hereunder for
Leases and otherwise shall comply, as to each such New Lease, with the terms of this Agreement relating to Leases. Further, except
with the prior written consent of Purchaser, which consent shall not be unreasonably withheld, delayed or conditioned, Seller shall
not extend, terminate, accept surrender of, or permit any assignments or subleases of, any of the Leases, nor accept any rental
thereunder more than one (1) month in advance.

 

[SIGNATURE PAGE FOLLOWS]

 

    	 	14	 

     

    

 

IN WITNESS WHEREOF,
Purchaser and Seller have executed this Agreement as of the Effective Date.

 

	 	GLOBAL WELLS INVESTMENT GROUP LLC
	 	 
	 	By:   	/s/ Alan Yu
	 	 	Name:  	Alan Yu
	 	 	Title:	Manager
	 	 	 	 
	 	 	 	 
	 	ATOSA CATERING EQUIPMENT, INC.
	 	 
	 	 
	 	By:   	/s/ Xuxian Shao
	 	 	Name:  	Xuxian Shao
	 	 	Title:	President

 

 

 

 

 

[Signature page to Purchase and Sale
Agreement]

 

    	 	15	 

     

    

 

EXHIBIT “A”

 

PERMITS

 

 

 

 

 

[TO COME]

 

    

     

    

 

EXHIBIT “B”

 

DEED

 

NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU
ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST
IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE
NUMBER.

 

GENERAL WARRANTY DEED

 

	THE STATE OF TEXAS	§
	 	§    KNOW ALL PERSONS BY THESE PRESENTS:
	COUNTY OF ROCKWALL      	§

 

THAT GLOBAL
WELLS INVESTMENT GROUP, LLC, a Texas limited liability company (herein referred to as “Grantor”),
for and in consideration of the sum of Ten Dollars ($10.00) in hand paid to Grantor by ATOSA CATERING EQUIPMENT, INC.,
a California corporation (herein referred to as “Grantee”), and other good and valuable consideration,
the receipt and sufficiency of which consideration are hereby acknowledged, has GRANTED, SOLD and CONVEYED and by these
presents does GRANT, SELL and CONVEY unto Grantee Unit B of 3201 Capital Blvd. Condominium, a condominium project in
Rockwall, Rockwall County, Texas created under and described in the Declaration of Condominium Regime For The 3201 Capital
Blvd. Condominium recorded in  _________________ of the _________________ Records of Rockwall County, Texas, and any
amendments thereto (the “Declaration”), together with such Unit’s undivided interest in the Common Elements
defined in and designated by the Declaration (the “Property”).

 

This conveyance is
made by Grantor and accepted by Grantee expressly subject to those matters more particularly described on Exhibit A attached
hereto and incorporated herein for all purposes (the “Permitted Exceptions”), to the extent, but only to the
extent, the same are valid and subsisting and affect the Property.

 

TO HAVE AND TO HOLD
the Property, together with all and singular the rights and appurtenances thereto in anywise belonging, unto Grantee, its successors
and assigns forever; and subject to the above described Permitted Exceptions, Grantor does hereby bind itself and its successors,
to WARRANT AND FOREVER DEFEND all and singular the Property unto Grantee, its successors and assigns, against every person whomsoever
lawfully claiming or to claim the same or any part thereof.

 

Real estate ad valorem
taxes against the Property for the year 2019 have been prorated between Grantor and Grantee as of the date hereof and Grantee assumes
the obligation to pay all of such taxes for such year.

 

[Signature Page to Follow.]

 

    

     

    

 

EXECUTED to be effective as of April 9,
2019.

 

 

	 	GLOBAL WELLS INVESTMENT GROUP LLC
	 	 
	 	 
	 	By:   	/s/ Alan Yu
	 	 	Name:  	Alan Yu
	 	 	Title:  	Manager

 

 

	THE STATE OF California	§
	 	§
	COUNTY OF San Bernardino      	§

 

This instrument was
acknowledged before me on April 9, 2019, by Patti San, Alan Yu of GLOBAL WELLS INVESTMENT GROUP LLC, a Texas limited liability
company, on behalf of said limited liability company.

 

 

		 	 
	/s/ Patti Q. San
	Notary Public in and for	 
	The State of California	 
	My commission expires:  	12/6/2022

 

 

    	 	2	 

     

    

 

EXHIBIT A

TO GENERAL WARRANTY DEED

Permitted Exceptions

 

[TO COME]

 

    	 	3	 

     

    

 

EXHIBIT “C”

 

BILL OF SALE

 

GLOBAL
WELLS INVESTMENT GROUP LLC., a Texas limited liability company (“Grantor”), and ATOSA CATERING EQUIPMENT,
INC., a California corporation (“Grantee”), are parties to that certain Purchase and Sale Agreement (the
 “PSA”) dated 4/9, 2019. The PSA relates to the sale to Grantor of the Land and Improvements defined therein.
Capitalized terms used herein but not defined herein shall have the respective meanings given thereto in the PSA.

 

Grantor
hereby conveys to Grantee the Personal Property, Permits and Intangibles (collectively, the “Transferred Items”).

 

TO
HAVE AND TO HOLD the Transferred Items, unto Grantee, its successors and assigns, forever, and Grantor does hereby bind itself
and its successors to WARRANT and FOREVER DEFEND title to the Transferred Items unto Grantee, its successors and assigns, against
the lawful claims of any and all persons lawfully claiming or to claim the same or any part thereof.

 

IN
WITNESS WHEREOF, Grantor has executed this Bill of Sale and Assignment to be effective as of the 9 day of April, 2019.

 

 

	 	GLOBAL WELLS INVESTMENT GROUP LLC
	 	 
	 	 
	 	By:   	/s/ Alan Yu
	 	 	Name:  	Alan Yu
	 	 	Title:   	Manager

 

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EXHIBIT “D”

 

ASSIGNMENT AND ASSUMPTION OF PERMITS
AND INTANGIBLES

 

THIS ASSIGNMENT AND
ASSUMPTION OF PERMITS AND INTANGIBLES (this “Assignment”) is entered into as of the 9 day of April,
2019, by and between GLOBAL WELLS INVESTMENT GROUP LLC, a Texas limited liability company (“Assignor”),
and ATOSA CATERING EQUIPMENT, INC., a California corporation (“Assignee”), who hereby agree as
follows:

 

1.          Property.
The “Property” means the real property located in Rockwall County, Texas described on Exhibit A
attached hereto, together with all buildings, structures and other improvements located thereon.

 

2.          Permits.
 “Permits” means all of Assignor’s right, title and interest, if any, in and to all assignable
licenses, permits, certificates of occupancy, consents, and approvals whether governmental or otherwise, relating to the use,
operation, or maintenance of the Premises, as more particularly described on Exhibit B hereto.

 

3.          Intangibles.
 “Intangibles” means all intangible personal property owned by assignor and used in connection with the
property and the business operated thereon; all assignable licenses, franchises, logos, trade names, trademarks, service marks,
telephone numbers, and advertising materials used in connection with the premises and the business operated thereon.

 

4.          Assignment.
For good and valuable consideration received by Assignor, the receipt and sufficiency of which is hereby acknowledged, Assignor
hereby grants, transfers, and assigns to Assignee the entire right, title and interest of Assignor in and to the Permits and the
Intangibles. Assignor shall continue to be responsible for and shall perform and satisfy its obligations under the Permits and
the Intangibles insofar as such obligations relate to the period prior to the date of this Assignment.

 

5.          Assumption.
Assignee hereby assumes the covenants, agreements and obligations of Assignor under the Permits and the Intangibles which are applicable
to the period, and required to be performed, from and after the date of this Assignment, but not otherwise. No person or entity
other than Assignor shall be deemed a beneficiary of the provisions of this Section 5.

 

6.         Indemnification.
Assignor shall indemnify and hold harmless Assignee from and against all obligations of the Assignor under the Permits and the
Intangibles to the extent such obligations were applicable to the period, and required to be performed, prior to the date of this
Assignment. Assignee shall indemnify and hold harmless Assignor from and against all obligations assumed by the Assignee under
the Permits and the Intangibles to the extent that such obligations are applicable to the period, and required to be performed,
from and after the date of this Assignment.

 

    	 	1	 

     

    

 

7.          Legal
Expenses. If either party to this Assignment brings suit or otherwise becomes involved in any legal proceedings seeking to
enforce the terms of this Assignment, or to recover damages for their breach, the prevailing party shall be entitled to recover
its costs and expenses (including reasonable fees of attorneys, expert witnesses, accountants, court reporters, and others) incurred
in connection therewith including all such costs and expenses incurred: (a) in trial and appellate court proceedings, (b) in connection
with any and all counterclaims asserted by one party to this Assignment against another where such counterclaims arise out of or
are otherwise related to this Assignment, (c) in bankruptcy or other insolvency proceedings, and (d) in post-judgment collection
proceedings.

 

8.          Successors
and Assigns. This Assignment shall be binding upon and inure to the benefit of Assignor and Assignee and their respective successors
and assigns.

 

9.          Power
and Authority. Each party represents and warrants to the other that it is fully empowered and authorized to execute and deliver
this Assignment, and the individual signing this Assignment on behalf of such party represents and warrants to the other party
that he or she is fully empowered and authorized to do so.

 

IN WITNESS WHEREOF,
Assignor and Assignee have executed and delivered this Assignment as of the day and year first above written.

 

	 	GLOBAL WELLS INVESTMENT GROUP LLC
	 	 
	 	By:   	/s/ Alan Yu
	 	 	Name:  	Alan Yu
	 	 	Title:  	Manager
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	ATOSA CATERING EQUIPMENT, INC.
	 	 
	 	 
	 	By:  	/s/ Xuxian Shao
	 	 	Name:  	Xuxian Shao
	 	 	Title:  	President

 

 

 

Exhibits

Exhibit A:          Legal
Description of the Property

Exhibit B:          Permits

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