Document:

Exhibit 10.11

 

OFFICE LEASE

 

NETPARK TAMPABAY

 

by and between

 

BLUETT CAPITAL REALTY, INC.,
a Florida corporation,

as Authorized Agent for Landlord

 

and

 

CONTINENTAL BENEFITS, LLC, a Florida limited
liability company, Tenant

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	1.	SUMMARY OF TERMS	1
	 	1.1	Summary of Terms	1
	2.	DEFINITIONS	4
	 	2.1	Definitions	4
	3.	LEASED PREMISES; MEASUREMENT	5
	 	3.1	Premises	5
	4.	TERM AND COMMENCEMENT OF TERM	5
	 	4.1	Term	5
	 	4.2	Ready For Occupancy	6
	 	4.3	Option to Renew	7
	5.	CONSTRUCTION OF IMPROVEMENTS AND ACCEPTANCE OF PREMISES	7
	 	5.1	Construction of Tenant Improvements	7
	 	5.2	Improvement Allowance	8
	 	5.3	Inspection/Acceptance of Premises	8
	 	5.4	Construction Management Fee	9
	 	5.5	Commencement Date Certificate	9
	6.	RENT	9
	 	6.1	Annual Basic Rent	9
	 	6.2	Additional Rent	9
	 	6.3	Advance Rent and Security Deposit	9
	 	6.4	Late Charge	10
	 	6.5	Taxes on Rental	10
	7.	OPERATING COST ESCALATIONS	10
	 	7.1	Definitions	10
	 	7.2	Payment of Operating Cost Escalation	13
	8.	USE, CARE AND REPAIR OF PREMISES BY TENANT	14
	 	8.1	Permitted Uses	14
	 	8.2	Care of Premises	14
	 	8.3	Hazardous Substances	15
	 	8.4	Compliance with Laws	16
	 	8.5	Tenant Access	16
	 	8.6	Janitorial	16
	9.	RULES AND REGULATIONS	17
	 	9.1	Rules and Regulations	17
	 	9.2	No Smoking	17
	10.	COMMON AREA	17
	 	10.1	Definition of Common Area	17
	 	10.2	Use of Common Area	17
	 	10.3	Alterations to the Common Area	18
	 	10.4	Maintenance	18

 

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	11.	UTILITIES	18
	 	11.1	Utilities	18
	12.	FLOOR LOADS	19
	 	12.1	Floor Loads	19
	13.	LOSS, DAMAGE AND INJURY	19
	 	13.1	Loss, Damage and Injury	19
	14.	REPAIRS BY LANDLORD	20
	 	14.1	Repairs by Landlord	20
	15.	ALTERATIONS, TITLE AND PERSONAL PROPERTY	20
	 	15.1	Alterations	20
	 	15.2	Title	21
	 	15.3	Tenant’s Personal Property	21
	 	15.4	Required Removal of Tenant’s Personal Property and Cabling	21
	16.	INSURANCE	21
	 	16.1	Tenant’s Insurance	21
	 	16.2	Tenant’s Failure to Insure	22
	 	16.3	Compliance with Policies	23
	 	16.4	Waiver of Right of Recovery	23
	 	16.5	Landlord’s Insurance	23
	17.	DAMAGE AND DESTRUCTION	23
	 	17.1	Landlord’s Obligation to Repair and Reconstruct	23
	 	17.2	Termination of Lease	24
	 	17.3	Demolition of the Building	24
	 	17.4	Insurance Proceeds	24
	18.	CONDEMNATION	24
	 	18.1	Termination	24
	 	18.2	Rights to Award	25
	19.	BANKRUPTCY	25
	 	19.1	Event of Bankruptcy	25
	 	19.2	Assumption by Trustee	26
	20.	DEFAULT PROVISIONS AND REMEDIES	26
	 	20.1	Events of Default	26
	 	20.2	Remedies	27
	 	20.3	Damages	28
	 	20.4	No Waiver	29
	 	20.5	Remedies Not Exclusive	29
	 	20.6	Persistent Failure to Pay Rent	29
	21.	LANDLORD’S LIEN	29
	 	21.1	Landlord’s Lien	29
	22.	INDEMNITY	30
	 	22.1	Indemnity	30
	23.	LIMITATION ON LANDLORD LIABILITY	30
	 	23.1	Limitation on Landlord Liability	30
	24.	LANDLORD OBLIGATIONS	31
	 	24.1	Landlord Obligations	31

 

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	25.	ASSIGNMENT AND SUBLETTING	31
	 	25.1	Prohibited Without Landlord’s Consent	31
	 	25.2	Stock Transfer	31
	 	25.3	Rents from Transfer	32
	 	25.4	Procedure for Obtaining Landlord’s Consent	32
	26.	HOLDING OVER	32
	 	26.1	Holding Over	32
	27.	SUBORDINATION AND ATTORNMENT	33
	 	27.1	Subordination and Attornment	33
	28.	ESTOPPEL CERTIFICATES	33
	 	28.1	Estoppel Certificates	33
	29.	PEACEFUL AND QUIET POSSESSION	34
	 	29.1	Peaceful and Quiet Possession	34
	30.	LANDLORD’S ACCESS TO PREMISES	34
	 	30.1	Landlord’s Access to Premises	34
	31.	RELOCATION	34
	 	31.1	Relocation	34
	32.	BROKERS, COMMISSIONS, ETC.	34
	 	32.1	Brokers, Commissions, Etc	34
	33.	RECORDATION	35
	 	33.1	Recordation	35
	34.	MISCELLANEOUS	35
	 	34.1	Separability	35
	 	34.2	Applicable Law	35
	 	34.3	Authority	35
	 	34.4	No Discrimination	35
	 	34.5	Integration of Agreements	35
	 	34.6	Third Party Beneficiary	36
	 	34.7	Captions; Gender	36
	 	34.8	Successors and Assigns	36
	 	34.9	Waiver of Jury Trial	36
	 	34.10	Joint and Several Liability	36
	 	34.11	Notices	36
	 	34.12	Effective Date of this Lease	37
	 	34.13	Construction Liens	37
	 	34.14	Waiver of Right of Redemption	37
	 	34.15	Mortgagee’s Performance	37
	 	34.16	Mortgagee’s Liability	37
	 	34.17	Schedules	37
	 	34.18	Time of Essence	38
	 	34.19	Amendment	38
	 	34.20	Rent a Separate Covenant	38
	 	34.21	Absence of Option	38
	 	34.22	Attorneys’ Fees	38
	 	34.23	Financial Reports	38

 

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	35.	ROOF AND CONNECTING RIGHTS	38
	 	35.1	Roof and Connecting Rights	38
	36.	SIGNAGE	40
	 	36.1	Signage	40
	37.	AMENITIES	40
	 	37.1	Amenities	40
	38.	RADON	40
	 	38.1	Radon	40
	39.	PARKING AREAS	40
	 	39.1	Parking Areas	40
	40.	REPRESENTATIONS AND WARRANTIES	41
	 	40.1	Tenant’s Representations and Warranties	41
	41.	ANTI-TERRORISM STATUTE COMPLIANCE	41
	 	41.1	Anti-Terrorism Statute Compliance	41

 

SCHEDULES

 

	A 	-	Plat showing location of the Premises
	B 	-	Tenant Improvements
	C 	-	Rules and Regulations
	D	-	Commencement Date Certificate
	X 	-	Method of Building Measurement for Office Space

 

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OFFICE LEASE

 

NETP@RK.TAMPABAY

 

THIS OFFICE
LEASE (this “Lease”) is made and entered into as of the _____ day of ____, 201___, by and between NETPARK
HOLDING, LLC; NNN NETPARK, LLC; NNN NETPARK 1, LLC; NNN NETPARK 2, LLC; NNN NETPARK 3, LLC; NNN NETPARK 4, LLC; NNN NETPARK 5,
LLC; NNN NETPARK 6, LLC; NNN NETPARK 7, LLC; NNN NETPARK 8, LLC; NNN NETPARK 9, LLC; NNN NETPARK 10, LLC; NNN NETPARK 12, LLC;
NNN NETPARK 13, LLC; NNN NETPARK 15, LLC; NNN NETPARK 16, LLC; NNN NETPARK 17, LLC; NNN NETPARK 18, LLC; NNN NETPARK 19, LLC;
NNN NETPARK 20, LLC; NNN NETPARK 21, LLC; NNN NETPARK 22, LLC; NNN NETPARK 23, LLC; NNN NETPARK 24, LLC; NNN NETPARK II, LLC; NNN
NETPARK II 1, LLC; NNN NETPARK II 2, LLC; NNN NETPARK II 3, LLC; NNN NETPARK II 4, LLC; NNN NETPARK II 5, LLC; NNN NETPARK II 6,
LLC; NNN NETPARK II 7, LLC; NNN NETPARK II 8, LLC; NNN NETPARK II 9, LLC; NNN NETPARK II 10, LLC, each a Delaware limited liability
company (“Landlord”), acting by and through BLUETT CAPITAL REALTY, INC., a Florida corporation,
as Authorized Agent for Landlord, hereinafter known as “Agent” for Landlord, and CONTINENTAL BENEFITS, LLC,
a Florida limited liability company (“Tenant”).

 

In consideration of the rents hereinafter
reserved and the agreements hereinafter set forth, Landlord and Tenant mutually agree as follows:

 

1.            SUMMARY
OF TERMS.

 

1.1            Summary
of Terms. The following is a summary of the principal terms of this Lease. Any capitalized term set forth below shall, for
the purposes of this Lease, have the meaning ascribed to it in this Subsection 1.1.

 

A.            Description
of Premises.

 

(1)            “Building”:
The buildings known as Netpark Tampa Bay and located at 5701 East Hillsborough Avenue, Tampa, Florida 33610.

 

(2)            “Business
Community”: N/A

 

(3)            “Premises”:
Approximately 32,842 rentable square feet (usable square feet) on the first (1st) floor of the Building as shown on
Schedule A and commonly referred to as Suite 1417.

 

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B.            Rent.*

 

(1)            “Annual
Basic Rent”:

 

	Months 1 – 12	
        Five Hundred Fifty Eight Thousand Three Hundred Fourteen and
        No/100 Dollars ($558,314.00) per annum ($17.00 per rentable square foot) payable in monthly installments of Forty Six Thousand
        Five Hundred Twenty Six and 17/100 Dollars ($46,526.17) subject to the abatement provisions in Subsection 1.1.B(4) below

         

	Months 13 – 24	
        Five Hundred Seventy Five Thousand Sixty Three and 42/100 Dollars
        ($575,063.42) per annum ($17.51 per rentable square foot) payable in monthly installments of Forty Seven Thousand Nine Hundred
        Twenty One and 95/100 Dollars $47,921.95)

         

	Months 25 – 36	
        Five Hundred Ninety Two Thousand Three Hundred Fifteen and 32/100
        Dollars ($592,315.32) per annum ($18.04 per rentable square foot) payable in monthly installments of Forty Nine Thousand Three
        Hundred Fifty Nine and 61/100 Dollars ($49,359.61)

         

	Months 37 – 48	
        Six Hundred Ten Thousand Eighty Four and 78/100 Dollars ($610,084.78)
        per annum ($18.58 per rentable square foot) payable in monthly installments of Fifty Thousand Eight Hundred Forty and 40/100 Dollars
        ($50,840.40)

         

	Months 48 – 60	
        Six Hundred Twenty Eight Thousand Three Hundred Eighty Seven
        and 33/100 Dollars ($628,387.33) per annum ($19.13 per rentable square foot) payable in monthly installments of Fifty Two Thousand
        Three Hundred Sixty Five and 61/100 Dollars ($52,365.61)

         

	Months 61 – 65	
        Two Hundred Sixty Nine Thousand Six Hundred Eighty
Two and 90/100 Dollars ($269,682.90) for the final five (5) months of the initial Term ($19.71 per rentable square foot)
payable in monthly installments of Fifty Three Thousand Nine Hundred Thirty Six and 58/100 Dollars ($53,936.58)

 

(2)            “Advance
Rent”: Upon execution and delivery of this Lease, Tenant shall deposit with Landlord the first full monthly rental payment
for the Premises, plus applicable Florida sales tax, to be held by Landlord as provided in Subsection 6.3 of this Lease, which
shall be applied to Annual Basic Rent and sales tax thereon for the sixth (6th) month of the Term.

 

(3)            “Security
Deposit”: Fifty Thousand and No/100 Dollars ($50,000.00) to be held by Landlord as provided in Subsection 6.3 of this
Lease.

 

(4)            “Abatement”:
Provided that Tenant is not in default beyond any applicable notice or cure periods, Tenant shall be entitled to an abatement of
Annual Basic Rent in respect of the Premises for the first five (5) months following the Rent Commencement Date, subject,
however, to the provisions of Subsection 20.3 of this Lease.

 

 

* Rental payments shown above do not include applicable
monthly sales tax.

 

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C.            Adjustments.

 

(1)            “Base
Operating Costs”: An amount equal to the actual Operating Costs incurred in the calendar year 2019 (adjusted to equal
the Operating Costs which Landlord reasonably projects would have been incurred had the Building been ninety-five percent (95%)
occupied during such calendar year) multiplied by Tenant’s Fractional Share, which amount is included in the Annual Basic
Rent.

 

D.            Term.

 

(1)            “Term”:
Five (5) years and five (5) months, from the Rent Commencement Date, subject to Section 4 of this Lease.

 

(2)            “Rent
Commencement Date”: July 1, 2018, subject to Section 4 of this Lease.

 

(3)            “Delivery
Date”: The date upon which Landlord notifies Tenant that the Premises are Ready for Occupancy (as defined in Subsection
4.2 of this Lease).

 

(4)            “Termination
Date”: Sixty five (65) months from the Rent Commencement Date, subject to Section 4 of this Lease.

 

E.            Notice
and Payment.

 

	(1)	“Tenant Notice Address”:	
        Continental Benefits, LLC

        5701 E. Hillsborough Avenue

        Suite 1417

        Tampa, FL 33610

        Tel: (813) __________

         

	(2)	“Landlord Notice Address”:	
        Bluett Capital Realty, Inc.

        Attn:Lori Bluett

        401 Watt Avenue, Suite 200

        Sacramento, CA 95864

        Tel: (916) 779-1031

         

	 	With a copy to:	
        Netpark Building Office

        5701 E. Hillsborough Avenue

        Suite 1120

        Tampa, FL 33610

        Attn: Nat Cherry

        Tel: (813) 621-7575

         

	(3)	“Landlord Payment Address”:	
        Bluett Capital Realty, Inc.

        Post Office Box 31001-2171

        Pasadena, CA 91110-2171

         

	 	 	Make checks payable to: Bluett Capital Realty, Inc.

 

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F.            Brokers.

 

	Landlord:	 	Bluett Capital Realty,Inc.
	 	 	 
	Tenant:	 	Foundry Commercial

 

2.            DEFINITIONS.

 

2.1            Definitions.
For purposes of this Lease, the Schedules attached and made a part hereof and all agreements supplemental to this Lease, the following
terms shall have the respective meanings as set forth in the following Section, Subsection, paragraph and Schedule references:

 

Reference

 

	Abatement	 	1.1.B.(4)
	Additional Rent	 	6.2
	Advance Rent	 	1.1.B.(2)
	Alterations	 	15.1
	Annual Basic Rent	 	1.1.B.(1)
	Bankruptcy Code	 	19.1
	Base Operating Costs	 	1.1.C.(1)
	Building	 	1.1.A.(1)
	Casualty	 	17.1
	Common Area	 	10.1
	Default Rate	 	6.4
	Events of Default	 	20.1
	Event of Tenant’s Bankruptcy	 	19.1
	Fractional Share	 	7.1(d)
	Hazardous Substances	 	8.3
	Insolvency Laws	 	19.1
	Landlord Indemnified Parties	 	22.1
	Landlord Notice Address	 	1.1.E.(2)
	Landlord Payment Address	 	1.1.E.(3)
	Mortgages	 	27.1
	Mortgagees	 	27.1
	Notices	 	21.1
	Operating Costs	 	7.1(c)
	Operating Costs Statement	 	7.2(a)
	Operating Year	 	7.1
	Plans and Specifications	 	     Schedule B and 5.1(b)
	Premises	 	1.1.A.(3)
	Prevailing Market Rate (Renewal Term)	 	4.3
	Property	 	7.1(b)
	Public Areas	 	     Schedule C
	Ready for Occupancy	 	4.2
	Renewal Term	 	4.3
	Rent Commencement Date	 	1.1.D.(2)
	Rental Area	 	3.1
	Rental Year	 	6.1
	Rules and Regulations	 	     Schedule C and 9.1
	Security Deposit	 	1.1.B.(3)
	Taxes	 	7.1(c)(xiv)
	Tenant-at-Will	 	26.1
	Tenant-Holding Over	 	26.1
	Tenant Improvements	 	     Schedule B and 5.1(a)
	Tenant Notice Address	 	1.1.E.(1)
	Tenant’s Share of Increased Operating Costs	 	7.2
	Tenant’s Personal Property	 	15.3
	Term	 	4.1
	Termination Date	 	1.1.D.(4)
	Transfer	 	25.1

 

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3.            LEASED
PREMISES; MEASUREMENT.

 

3.1            Premises.
Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Premises as shown on the plan attached hereto as
Schedule A, together with the right to use, in common with others, the Common Area. The rental area of the Premises (“Rental
Area”) has been computed in accordance with the applicable formula set forth in Schedule X attached hereto and
made a part hereof.

 

Landlord expressly reserves (i) the use
of exterior rear and sidewalls and roof of the Premises and the exclusive use of any space between the ceiling of the Premises
and the floor above or the roof of the Building, (ii) the right to install, maintain, use, repair and replace the pipes, ducts
and conduits and wires leading into or running through the Premises (in locations which will not materially interfere with Tenant’s
use of the Premises), and (iii) the right in its sole and absolute discretion to expand, enlarge, delete, make alterations
or additions to, build additional stories on, the Building and to build other buildings or improvements on the Common Areas (hereinafter
defined in Section 10 of this Lease). These reservations in favor of Landlord are in addition to any other rights granted
to Landlord under this Lease.

 

4.            TERM
AND COMMENCEMENT OF TERM.

 

4.1            Term.
The term of this Lease (the “Term”) shall commence on the Rent Commencement Date set forth in Subsection 1.1.D.(2) above;
provided, however, that if the Premises are not Ready for Occupancy (as defined below) as of the Rent Commencement Date set forth
in Subsection 1.1.D.(2) above for any reason, except for a Tenant Delay (as defined in Schedule B attached hereto), then the
Rent Commencement Date shall be delayed until the date that the Premises are Ready for Occupancy; and, if necessary, the Termination
Date shall be adjusted to effect the total number of years in the Term, as set forth in Subsection 1.1.D.(4) of this Lease
plus the part of the month, if any, from the adjusted Rent Commencement Date to the first full calendar month of the Term.

 

In the event the Premises are not Ready
for Occupancy by the Rent Commencement Date set forth in Subsection 1.1.D(2) above, because of a Tenant Delay, then said Rent
Commencement Date shall not be delayed and Tenant’s obligations shall commence as of said date, notwithstanding the status
of construction.

 

The Term shall be for the period of time specified
in Subsection 1.1.D.(1) of this Lease plus the part of the month, if any, from the Rent Commencement Date to the first day
of the first full calendar month in the Term, unless earlier terminated pursuant to any other provision of this Lease or pursuant
to law. At Landlord’s request, Tenant shall promptly enter into one or more supplementary written agreements, in such form
as Landlord shall reasonably prescribe, specifying the Rent Commencement Date and the Termination Date.

 

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Tenant may occupy
portions of the Premises designated by Landlord prior to the Rent Commencement Date for commencement of business operations by
Tenant’s employees (“Tenant’s Early Occupancy”) as hereinafter provided, pursuant to the following schedule:
(a) thirty (30) of Tenant’s employees may commence operations in the Premises as of April 1, 2018, and (b) an
additional thirty (30) of Tenant’s employees may commence operations in the Premises as of June 1, 2018, with full occupancy
of the Premises for the remainder of Tenant’s operations in the Premises commencing as of the Rent Commencement Date. In
addition, Tenant and/or its agents may enter the Premises prior to the Rent Commencement Date to install Tenant’s furniture,
fixtures and equipment and to perform such decorative or other tenant finishing work including, without limitation, installation
of voice, data and other telecommunications equipment (“Tenant’s Work”), as is reasonably required to permit
Tenant’s Early Occupancy in accordance with the schedule set forth above, and at such other times prior to the Rent Commencement
Date as are mutually agreed upon by Landlord and Tenant to permit the remainder of Tenant’s Work required for full occupancy
of the Premises (which shall be no later than two (2) weeks prior to the Rent Commencement Date). Tenant’s Early Occupancy
and Tenant’s Work shall in no way interfere with the performance of the Tenant Improvements, and all such entry shall be
governed by and subject to all the terms, covenants, conditions and obligations of this Lease including specifically, without limitation,
Tenant’s indemnity obligations, but excluding the covenant to pay Rent for the Premises prior to the Rent Commencement Date,
subject to the abatement provided in Section 1.1.B(4). Prior to any entry onto the Premises by Tenant or its employees, agents
or contractors, Tenant shall furnish to Landlord proof of the insurance coverages required of Tenant under this Lease. Tenant acknowledges
and agrees that Landlord shall not be obligated to demise any portion of the Premises to accommodate Tenant’s Early Occupancy
and that Landlord may not be able to provide full Building services to the Premises during Tenant’s Early Occupancy. Tenant
further acknowledges and agrees that Landlord will be performing the Tenant Improvements during normal business hours throughout
Tenant’s Early Occupancy and concurrently with Tenant’s Work and, as such, the parties agree to use commercially
reasonable efforts to coordinate the scheduling of their respective activities in the Premises to permit Landlord’s completion
of the Tenant Improvements; provided that Tenant shall not be entitled to any abatement or reduction of Rent or any credit against
future Rent or any other damages by reason of any interruption to Tenant’s operations in the Premises caused by the performance
of the Tenant Improvements.

 

4.2            Ready
For Occupancy. For purposes hereof, the Premises shall be deemed conclusively ready for occupancy (“Ready for Occupancy”)
upon the completion of the following conditions:

 

(a)            Landlord
has “substantially completed” (as defined in Schedule B attached to this Lease) the Tenant Improvements set
forth in Schedule B except for Punchlist Items (as defined in Schedule B attached to this Lease); and

 

(b)            Landlord
shall have received any governmental approvals which are necessary in connection with the Tenant Improvements, unless Tenant’s
acts or omissions have caused such approvals to be delayed or denied, in which case Tenant shall be deemed to have waived this
condition.

 

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4.3            Option
to Renew. Provided Tenant is in possession of the Premises and is not in default of any term, covenant or condition of this
Lease, Tenant shall have the options to renew the Term of this Lease for two (2) additional periods of five (5) years
(each, a “Renewal Term”) to commence immediately upon the expiration of the initial Term and the first Renewal Term,
as applicable, upon the same terms, covenants and conditions as contained in this Lease, except that (i) the Annual Basic
Rent during each Renewal Term shall be at the “Prevailing Market Rate” and (ii) following the second Renewal
Term there shall be no further option to renew except as specifically provided herein and (iii) there shall be no abatement
of rent, and (iv) Landlord shall not be obligated to construct, pay for or grant an allowance with respect to tenant improvements
unless otherwise specifically provided for in this Lease. “Prevailing Market Rate” shall mean the current market
rental rate at which Landlord would offer such space or space of approximately the same size and location to a third party. In
no event, however, shall the Annual Basic Rent during the Renewal Term be less than the Annual Basic Rent reserved under this Lease
for the Rental Year immediately preceding the Renewal Term for which the determination is being made.

 

In order to exercise the option granted
herein, Tenant shall notify Landlord, in writing, no earlier than twelve (12) months and no later than nine (9) months prior
to the expiration of the initial Term or the first Renewal Term, as applicable, that it is considering exercising its option to
renew the Term. On receipt of such notice, Landlord will, in writing, not later than thirty (30) days after receipt of the notice
from Tenant, quote Tenant what the new Annual Basic Rent will be for the applicable Renewal Term. Tenant shall then notify Landlord,
in writing, not later than fifteen (15) days after notice received of such Annual Basic Rent, as to whether or not it will exercise
the option herein granted and if no such notice of exercise of the option is received, the option shall be deemed waived. In the
event Tenant exercise the option, Landlord and Tenant shall execute a modification to this Lease acknowledging such renewal and
setting forth the new Annual Basic Rent.

 

The options shall be void if, at the time
of exercise of such options, Tenant is not in possession of the Premises or is in default under this Lease or if Tenant fails to
deliver the requisite notice thereof within the time period specified above. The options granted herein shall not be severed from
this Lease, separately sold, assigned or transferred.

 

5.            CONSTRUCTION
OF IMPROVEMENTS AND ACCEPTANCE OF PREMISES.

 

5.1            Construction
of Tenant Improvements.

 

(a)            On
or prior to the Rent Commencement Date, Landlord shall complete, at Tenant’s sole cost and expense, subject to the Improvement
Allowance described below and in accordance with Schedule B attached hereto, the “Tenant Improvements”
(as defined in Schedule B hereto). Upon depletion of the Improvement Allowance, Landlord shall pay all of said construction
costs but shall be entitled to reimbursement from Tenant of any amounts expended by Landlord within fifteen (15) days of providing
written notice to Tenant, together with copies of invoices as reasonably requested by Tenant. The failure of Tenant to timely reimburse
Landlord in accordance with this Subsection shall constitute an Event of Default under this Lease. Unless otherwise specified therein,
all materials shall meet building standards as described in Schedule B hereto.

 

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5.2            Improvement
Allowance. Landlord hereby grants to Tenant an allowance in the aggregate amount of up to $492,630.00 (“Improvement
Allowance”, which amount is equal to $15.00 per rentable square foot of the Premises) for construction of the Tenant
Improvements and payment of FF&E costs as hereinafter provided. By way of clarification, the Improvement Allowance includes
the allowance for the Tenant Improvements and all architectural and space planning (other than the separate Preliminary Space Plan
Allowance set forth below), engineering, construction management fees and all other costs associated with the Tenant Improvements,
in other words; and for the avoidance of any doubt, there will be no further allowance for any of the foregoing. Tenant
may not use any portion of the Improvement Allowance for moving expenses. As described above, Landlord shall deduct from
the Improvement Allowance, the amounts incurred by Landlord in the construction of the Tenant Improvements, as applicable, up to
the amount of the Improvement Allowance. Tenant shall pay any amounts above and beyond the Improvement Allowance for the Tenant
Improvements as described in Subsection 5.1 of this Lease. Tenant shall be entitled to a credit (“Tenant Improvement
Credit”) of up to $98,526.00 (which amount is equal to twenty percent (20%) of the Improvement Allowance) in the event
that the entire Improvement Allowance has not been depleted after the construction of the Tenant Improvements, which Tenant Improvement
Credit may be used for the cost of furniture, fixtures and equipment, including data equipment (“FF&E”)
to be installed by Tenant in the Premises. Landlord’s payment of the Tenant Improvement Credit or the applicable portion
thereof to Tenant is conditioned upon, as applicable, (a) Landlord’s receipt of copies of verifiable paid invoices for
Tenant’s FF&E and from the parties performing the installation of Tenant’s FF&E in the Premises, and (b) if
required by Landlord, final contractor's affidavits and final lien waivers from Tenant’s contractors, subcontractors and
others, as are applicable, supplying materials for and performing the installation of the FF&E in the Premises. Subject to
the preceding sentence, the Tenant Improvement Credit or the applicable portion thereof shall be paid to Tenant within thirty (30)
days of Tenant’s delivery of all of the required invoices and any applicable lien waivers to Landlord and Tenant’s
occupancy of the Premises. Tenant shall be solely responsible for any costs associated with Tenant’s FF&E which exceed
the Tenant Improvement Credit. Any portion of the Improvement Allowance and the Tenant Improvement Credit which is not disbursed
in accordance with the provisions of this Subsection 5.2 by the date which is three (3) months following the Rent Commencement
Date shall be retained by Landlord and no credit for any such unused portion of the Improvement Allowance or the Tenant Improvement
Credit shall be given to Tenant. Separate and apart from the Improvement Allowance, Landlord shall provide an allowance in an amount
not to exceed $4,926.30 (the “Preliminary Space Plan Allowance”, which amount is equal to $0.15 per rentable square
foot of the Premises) for the cost of Tenant’s preliminary space plan of the Premises.

 

5.3            Inspection/Acceptance
of Premises.

 

(a)            Prior
to occupancy, Landlord and Tenant shall conduct a joint inspection of the Premises during which they shall develop a mutually agreeable
punch list of items to be completed by Landlord. Tenant’s occupancy of the Premises shall be deemed to constitute acceptance
of the Premises and acknowledgment by Tenant that Landlord has fully complied with its obligations hereunder to construct and deliver
the Premises to Tenant, except for the punch list items (and any latent defects for which Landlord is obligated to repair pursuant
to this Lease), which shall be completed by Landlord within a reasonable time thereafter. Landlord shall have the right to enter
the Premises to complete or repair any such punch list items and entry by Landlord, its agents, servants, employees or contractors
for such purpose shall not constitute an actual or constructive eviction, in whole or in part, or entitle Tenant to any abatement
or diminution of rent or constructive eviction, in whole or in part, or entitle Tenant to any abatement or diminution of rent or
relieve Tenant of any of its obligations under this Lease, or impose any liability upon Landlord or its agents, servants, employees
or contractors.

 

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(b)            Any
disagreement arising between Landlord and Tenant about the work to be performed by Landlord shall be resolved by the decisions
of Landlord’s architect.

 

5.4            Construction
Management Fee. Upon completion of the Tenant Improvements, Tenant shall pay to Landlord a construction management fee equal
to three percent (3%) of the total cost (excluding the construction management fee) of the Tenant Improvements, which may be paid
from the Improvement Allowance. Notwithstanding the foregoing, in the event Landlord’s general contractor, ABI Companies,
constructs the Tenant Improvements, Landlord shall not charge a construction management fee in connection with the Tenant Improvements.

 

5.5            Commencement
Date Certificate. Upon Landlord’s request, Tenant shall execute a Commencement Date Certificate in the form attached
hereto as Schedule D, which form shall be completed by Landlord prior to sending the same to Tenant. Failure of Tenant
to execute and return an accurately completed Commencement Date Certificate provided by Landlord within ten (10) days of Tenant’s
receipt of the same shall constitute a default under this Lease and shall be deemed conclusive evidence that the information completed
by Landlord therein is accurate and complete.

 

6.            RENT.

 

6.1            Annual
Basic Rent. Tenant shall pay to Landlord during each Rental Year of the Term fixed rent equal to the Annual Basic Rent as set
forth in Subsection 1.1.B.(1) of this Lease. Annual Basic Rent shall be payable in advance on the first day of each month
of the Term in equal monthly installments, without notice, demand, abatement (except as otherwise specifically provided in this
Lease), deduction or set-off. If the Term of this Lease shall commence on a day other than the first day of a month, the first
payment shall include any prorated Annual Basic Rent for the period from the Rent Commencement Date to the first day of the first
full calendar month of the Term.

 

“Rental Year” shall mean
each successive twelve (12) calendar month period occurring during the Term of this Lease, or portion of such a period, with the
first Rental Year commencing as of the Rent Commencement Date and ending on the last day of the twelfth full calendar month thereafter
and the last Rental Year ending on the Termination Date. For any Rental Year of less or more than twelve full months, Annual Basic
Rent shall be adjusted accordingly. All Annual Basic Rent and Additional Rent shall be paid to Landlord at the Landlord Payment
Address.

 

6.2            Additional
Rent. Tenant shall pay to Landlord as additional rent (“Additional Rent”) all other sums of money which
shall become due and payable hereunder, including but not limited to the payment of Tenant’s Share of Increased Operating
Costs. Unless a date for payment is otherwise specified herein, all Additional Rent shall be due and payable within thirty (30)
days of invoicing by Landlord.

 

6.3            Advance
Rent and Security Deposit.

 

(a)            Advance
Rent. Upon execution and delivery of this Lease, Tenant shall deposit with Landlord the first full monthly rental payment for
the Premises, to be applied to the rental payments due pursuant to Subsection 6.1 of this Lease.

 

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(b)            Security
Deposit. Tenant shall, upon execution of this Lease, deposit with Landlord the Security Deposit to assure Tenant’s performance
of all terms, provisions and conditions of this Lease. Landlord shall have the right, but not the obligation, at any time, to apply
the Security Deposit to cure any breach by Tenant under this Lease and, in that event, Tenant shall immediately pay Landlord any
amount necessary to restore the Security Deposit to its original amount. To the extent permitted by law, Landlord shall be entitled
to the full use of the Security Deposit and shall not be required either to keep the Security Deposit in a separate account or
to pay interest on account thereof. Any portion of the Security Deposit which is not utilized by Landlord for any purpose permitted
under this Lease shall be returned to Tenant within thirty (30) days after the end of the Term provided Tenant has performed all
of the obligations imposed upon Tenant pursuant to this Lease.

 

6.4            Late
Charge. If Tenant fails to make any payment of Annual Basic Rent, Additional Rent, or other sums required to be paid hereunder
on or before the date when payment is due, Tenant shall pay to Landlord, as Additional Rent, a late charge to cover extra administrative
costs and loss of use of funds equal to (a) six percent (6%) of the amount due for the first month or portion thereof that
such amount is past due plus (b) interest on the amount remaining unpaid thereafter at the rate of eighteen percent (18%)
per annum; provided, however, that should such late charge at any time violate any applicable law, the late charge shall be reduced
to the highest rate permitted by law (the foregoing rate being herein referred to as the “Default Rate”). Landlord’s
acceptance of any rent after it has become due and payable shall not excuse any delays with respect to future rental payments or
constitute a waiver of any of Landlord’s rights under this Lease.

 

6.5            Taxes
on Rental. Tenant shall pay to the appropriate authority or agency, any sales, excise and other tax (excluding, however, Landlord’s
income taxes) levied, imposed or assessed by the State of Florida or any political subdivision thereof or other taxing authority
upon any rent payable hereunder, except Tenant shall pay to Landlord, with each payment of rent, the Florida sales tax on such
rent. In the event that any fee is ever paid in consideration of the termination of this Lease, Tenant shall pay with said fee,
the Florida sales tax on such payment.

 

7.            OPERATING
COST ESCALATIONS.

 

7.1            Definitions.
For purposes of this Lease, the following definitions shall apply:

 

(a)            “Operating
Year” means each respective calendar year or part thereof during the Term of this Lease or any renewal thereof, or at
the option of Landlord, any other twelve month period or part thereof designated by Landlord during the Term of this Lease or any
renewal thereof.

 

(b)            “Property”
means the Building, the land upon which the Building is situated, the Common Area, and such additional facilities in subsequent
years as may be determined by Landlord to be reasonably necessary or desirable for the management, maintenance or operation of
the Building.

 

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(c)            “Operating
Costs” means all expenses and costs (but not specific costs which are allocated or separately billed to and paid by specific
tenants) of every kind and nature which Landlord shall pay or become obligated to pay because of or in connection with owning,
operating, managing, monitoring, painting, repairing, insuring and cleaning the Property, including, but not limited to, the following:

 

(i)            cost
of all supplies and materials used, and labor charges incurred, in the operation, maintenance, decoration, repairing and cleaning
of the Property, including janitorial service for the Common Areas;

 

(ii)            cost
of all equipment purchased or rented which is utilized in the performance of Landlord’s obligations hereunder, and the cost
of maintenance and operation of any such equipment;

 

(iii)            cost
of all maintenance and service agreements for the Property and the equipment therein, including, without limitation, landscaping,
HVAC service, teleconferencing, and other technical services, alarm service, security service, window cleaning, and elevator maintenance;

 

(iv)            accounting
costs, including the cost of audits by certified public accountants, outside legal and engineering fees and expenses incurred in
connection with the operation and management of the Property;

 

(v)            wages,
salaries and related expenses of all on-site and off-site agents or employees engaged in the operation, maintenance, security and
management of the Property; provided, however, the wages, salaries and related expenses of any agents or employees not exclusively
engaged in the operation, maintenance, security and management of the Property shall be apportioned as deemed appropriate by Landlord;

 

(vi)            cost
of all insurance coverage for the Property from time to time maintained by Landlord, including but not limited to the costs of
premiums for insurance with respect to personal injury, bodily injury, including death, property damage, business interruption,
workmen’s compensation insurance covering personnel and such other insurance as Landlord shall deem necessary, which insurance
Landlord may maintain under policies covering other properties owned by Landlord in which event the premium shall be reasonably
allocable;

 

(vii)            cost
of repairs, replacements and general maintenance to the Property, including without limitation the mechanical, electrical and heating,
ventilating and air-conditioning equipment and/or systems (excluding alterations attributable solely to tenants, capital improvements
unless they are included under c(xi), and repairs and general maintenance paid by proceeds of insurance or by tenants or other
third parties);

 

(viii)            any
and all Common Area maintenance, repair or redecoration (including repainting) and exterior and interior landscaping;

 

(ix)            cost
of removal of trash, rubbish, garbage and other refuse from the Property as well as removal of ice and snow from the sidewalks
on or adjacent to the Property;

 

(x)            all
charges for electricity, gas, water, sewerage service, heating, ventilation and air-conditioning and other utilities furnished
to the Property (including the Common Areas and the amenities described in Article 37 below), but specifically excluding costs
which are allocated or separately billed to and payable by specific tenants;

 

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(xi)            amortization
of capital improvements made to the Building after the year of substantial completion of the Building, which improvements were
undertaken by Landlord with the reasonable expectation that the same would result in more efficient operation of the Building or
are made by Landlord pursuant to any governmental law, regulation or action not applicable to the Building at commencement of construction
of the Building; provided that the cost of each such capital improvement, together with any financing charges incurred in connection
therewith, shall be amortized over the useful life thereof and only that portion attributable to each Operating Year shall be included
herein for such Operating Year;

 

(xii)            a
management fee for the operation and management of the Property (not to exceed three percent (3%) of annual rents of the Property
received by Landlord);

 

(xiii)            costs
and expenses incurred in order to comply with covenants and conditions contained in liens, encumbrances and other matters of public
record affecting the Property; and

 

(xiv)            all
real estate taxes, assessments (special or otherwise), levies, ad valorem charges, benefit charges, water and sewer rents, rates
and charges, privilege permits and any other governmental liens, impositions or charges of a similar or dissimilar nature, and
any payments in lieu of such charges, regardless of whether any such items shall be extraordinary or ordinary, general or special,
foreseen or unforeseen, levied, assessed, or imposed on or with respect to all or any part of the Property or upon the rent due
and payable hereunder by any governmental authority (all of the aforesaid being hereinafter referred to as “Taxes”);
provided, however, that if at any time during the Term or any extension thereof the method of taxation prevailing at the commencement
of the Term shall be altered or eliminated so as to cause the whole or any part of the above items which would otherwise be included
in Taxes to be replaced by a levy, assessment or imposition, which is (A) a tax assessment, levy, imposition or charge based
on the rents received from the Property whether or not wholly or partially a capital levy or otherwise, or (B) a tax, assessment,
levy, imposition or charge measured by or based in whole or in part upon all or any portion of the Property and imposed on Landlord,
or (C) a license fee measured by the rent payable by Tenant to Landlord, or (D) any other tax, levy, imposition, charge
or license fee, however described or imposed, then such levy, assessment or imposition shall be included in Taxes; provided, however,
in no event shall Tenant be required to pay any inheritance, estate, succession, income, profits or franchise taxes unless they
are in lieu of or in substitution for any of the above items which would otherwise be included in Taxes.

 

Any of the foregoing costs which under generally
accepted accounting principles would be considered capital expenditures shall be amortized in accordance with generally accepted
accounting principles.

 

Notwithstanding the above, Operating Costs
shall not include (a) payments of principal and interest on any mortgages, deeds of trust or other financing instruments relating
to the financing of the Property, (b) leasing commissions or brokerage fees, and (c) costs associated with preparing,
improving or altering for space for any leasing or releasing of any space within the Building.

 

For any Operating Year during which less
than ninety-five percent (95%) of the Rental Area of the Building is occupied, the calculation of that portion of Operating Costs
which vary with occupancy shall be adjusted to equal the Operating Costs which Landlord projects would have been incurred had the
Building been ninety-five percent (95%) occupied during such Operating Year; it being agreed, however, that Operating Costs which
vary with occupancy shall exclude without limitation, Taxes and insurance costs and thus, those costs shall not be adjusted as
set forth in the immediately preceding sentence.

 

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(d)            “Fractional
Share” shall mean a fraction, the numerator of which is the Rental Area of the Premises and the denominator of which
is the total Rental Area of the Building. For the purposes of this Subsection, the Rental Area of the Building shall mean the sum
of the Rental Area of all floors of the Building as determined by Landlord.

 

7.2            Payment
of Operating Cost Escalation. For each Operating Year commencing on or subsequent to January 1, 2020, Tenant shall
pay to Landlord, in the manner provided herein, Tenant’s Share of Increased Operating Costs which shall be computed by multiplying
the Operating Costs for the Operating Year by Tenant’s Fractional Share and subtracting the Base Operating Costs from the
result obtained; provided, however, that for the Operating Years during which the Term begins and ends, Tenant’s Share of
Increased Operating Costs shall be prorated based upon the actual number of days Tenant occupied, or could have occupied, the Premises
during each such Operating Year.

 

Tenant’s Share of Increased Operating
Costs for each applicable Operating Year shall be paid in monthly installments, in advance, without notice, demand, abatement (except
as otherwise specifically provided in this Lease), deduction or set-off, on the first day of each calendar month during the Term,
said monthly amounts to be determined on the basis of estimates prepared by Landlord on an annual basis and delivered to Tenant
prior to the commencement of each Operating Year. If, however, Landlord fails to furnish any such estimate prior to the commencement
of an Operating Year, then (a) until the first day of the month following the month in which such estimate is furnished to
Tenant, Tenant shall pay to Landlord on the first day of each month an amount equal to the monthly sum payable by Tenant to Landlord
under this Subsection 7.2 in respect of the last month of the preceding Operating Year; (b) promptly after such estimate is
furnished to Tenant, Landlord shall give notice to Tenant whether the installments of Tenant’s Share of Increased Operating
Costs paid by Tenant for the current Operating Year have resulted in a deficiency or overpayment compared to payments which would
have been paid under such estimate, and Tenant, within ten (10) days after receipt of such estimate, shall pay any deficiency
to Landlord and any overpayment shall be credited against future payments required by Tenant under such estimate; and (c) on
the first day of the month following the month in which such estimate is furnished to Tenant and monthly thereafter throughout
the remainder of the Operating Year, Tenant shall pay to Landlord the monthly payment shown on such estimate. Landlord may at any
time or from time to time furnish to Tenant a revised estimate of Tenant’s Share of Increased Operating Costs for such Operating
Year, and in such case, Tenant’s monthly payments shall be adjusted and paid or credited, as the case may be, substantially
in the same manner as provided in the preceding sentence.

 

After the end of each Operating Year, Landlord
shall determine actual Operating Costs for such Operating Year and shall provide to Tenant an “Operating Costs Statement”
setting forth the actual Tenant’s Share of Increased Operating Costs for such Operating Year. Within thirty (30) days after
delivery of the Operating Costs Statement, Tenant shall pay Landlord any deficiency between the amount shown as Tenant’s
Share of Increased Operating Costs in the Operating Costs Statement and the total of the estimated payments made by Tenant during
the Operating Year. In the event of overpayment, such amount shall be credited against future payments required on account of Tenant’s
Share of Increased Operating Costs, or if the Term has expired, Landlord shall refund to Tenant the amount of any overpayment.

 

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Each Operating Costs Statement provided by
Landlord shall be conclusive and binding upon Tenant unless within thirty (30) days after receipt thereof, Tenant notifies Landlord
that it disputes the correctness thereof, specifying those respects in which it claims the Operating Costs Statement to be incorrect.
Unless resolved by the parties, such dispute shall be determined by arbitration in accordance with the then prevailing rules of
the American Arbitration Association. If the arbitration proceedings result in a determination that the Operating Costs Statement
contained an aggregate discrepancy of less than five percent (5%), Tenant shall bear all costs in connection with such arbitration.
Pending determination of the dispute, Tenant shall pay any amounts due from Tenant in accordance with the Operating Costs Statement,
but such payment shall be without prejudice to Tenant’s claims. Tenant, for a period of thirty (30) days after delivery of
the Operating Costs Statement in each Operating Year and upon at least ten (10) days written notice to Landlord, shall have
reasonable access during normal business hours to the books and records of Landlord relating to Operating Costs for the purpose
of verifying the Operating Costs Statement, Tenant to bear all costs relating to such inspection. Tenant shall reimburse Landlord
for any cost for photocopying that it desires.

 

Notwithstanding anything to the contrary contained
herein, Tenant’s Share of Increased Operating Costs which are “Controllable Operating Costs” (as hereinafter
defined) shall not increase in any calendar year by more than five percent (5%), with Operating Costs for any portion of the Term
which is less than a full calendar year to be calculated as if Tenant were a tenant paying Operating Costs for a full calendar
year and then pro-rated for such partial year. “Controllable Operating Costs” shall mean all Operating Costs, except
for utility costs and charges, insurance premiums, Taxes, the costs of janitorial services and costs of compliance resulting from
changes in applicable laws, rules, regulations and ordinances occurring subsequent to the Effective Date of this Lease, as to all
of which there shall not be any annual limit on increases.

 

8.            USE,
CARE AND REPAIR OF PREMISES BY TENANT.

 

8.1            Permitted
Uses. Tenant shall use and occupy the Premises solely for general administrative office purposes in accordance with applicable
zoning regulations and for no other purpose. Tenant shall not do anything or permit anything to be done in or on the Premises,
or bring or keep anything therein which will, in any way, obstruct, injure, annoy or interfere with the rights of Landlord or other
tenants, or subject Landlord to any liability for injury to persons or damage to property, or interfere with the good order of
the Building, or conflict with the laws, rules or regulations of any Federal, state or city authority.

 

8.2            Care
of Premises. Tenant shall, at its sole expense, keep the Premises and the improvements and appurtenances therein in good order
and at the expiration of the Term, or at the sooner termination of this Lease as herein provided, deliver up the same broom clean
and in as good order and condition as at the beginning of the Term, ordinary wear and tear and damage by fire or other casualty
excepted. Tenant, at its sole expense, shall promptly replace damaged or broken doors and glass in and about the interior of the
Premises and shall be responsible for the repair and maintenance (and inspections, if applicable) of all Tenant Improvements and
Alterations, including, without limitation, pest control for the Premises and the repair and replacement of appliances and equipment
installed specifically for Tenant such as refrigerators, disposals, computer room air conditioning and other computer and computer
related equipment, sinks and special plumbing, special light fixtures and bulbs for those fixtures, non-standard outlets and plug-in
strips, special cabinetry and fire extinguishers. Consistent with the provisions of Section 22 of this Lease, Tenant shall
pay for all damage to the Property and any fixtures and appurtenances related thereto, as well as for all property damage sustained
by other tenants or occupants of the Building, due to any waste, misuse or neglect of the Premises and any fixtures and appurtenances
related thereto or due to any breach of this Lease by Tenant, its employees, agents, representatives or invitees.

 

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8.3            Hazardous
Substances.

 

(a)            For
purposes of this provision, “Hazardous Substances” shall mean any hazardous or toxic substance, material or
waste, as defined under the Comprehensive Environmental Response, Compensation and Liability act of 1980 (42 U.S.C. §9601
et. Seq., as amended) and similar federal, state and local statutes, laws, rules and regulations in connection with environmental
conditions, health regulations in connection with environmental conditions, health and safety, including without limitation, asbestos
and petroleum (collectively, “Environmental Regulations”). Landlord warrants and represents to Tenant that to
the best of Landlord’s actual knowledge, there are no Hazardous Substances (in violation of any Environmental Regulations)
in the Property of which the Premises are a part.

 

From and after the date of execution of this
Lease, neither Tenant nor Landlord will use or allow the Premises or the Building to be used for the storage, use, treatment or
disposal of any Hazardous Substance, in violation of any Environmental Regulations. Notwithstanding the foregoing to the contrary,
the use and storage of office supplies (e.g. copier toner, white-out correction fluid, etc.) and cleaning supplies, in such
small amounts as are typically found in normal office use shall be permitted, so long as the presence thereof is not in violation
of any Environmental Regulations and so long as such supplies shall be used, stored, transported and disposed of in compliance
with applicable Environmental Regulations.

 

Landlord agrees to indemnify and hold harmless
Tenant and its agents with regard to any damages, claims, judgments, fines, penalties, costs, liabilities (including sums paid
in settlement of claims) or loss including reasonable attorneys’ fees, reasonable consultants’ fees, and reasonable
expert fees (collectively, “Damage”) incurred as a direct result of the use, generation, storage, treatment,
disposal or release of Hazardous Substances on the Property by Landlord or any person claiming under Landlord, to the extent that
such action is attributable as a direct result of the use, generation, storage or disposal of Hazardous Substances on the Property,
in violation of any Environmental Regulation or Landlord’s failure to comply with any Environmental Regulation, provided,
however, that such Damage did not result, directly or indirectly, wholly or in part, from the acts or omissions of Tenant, its
employees, agents or contractors.

 

Tenant agrees to indemnify and hold harmless
Landlord and its agents with regard to any damages, claims, judgments, fines, penalties, costs, liabilities (including sums paid
in settlement or claims) or loss including reasonable attorneys’ fees, reasonable consultants’ fees, and reasonable
expert fees (collectively “Damage”) incurred as a direct result of Tenant’s use, generation, storage,
treatment, disposal or release of any Hazardous Substances on the Property by Tenant or any person claiming under Tenant to the
extent that such action is attributable as a direct result of the use, generation, storage or disposal of Hazardous Substances
on the Property, in violation of any Environmental Regulation or Tenant’s failure to comply with any Environmental Regulation;
provided, however, that such Damage did not result, directly or indirectly, wholly or in part, from the acts or omissions of Landlord,
its employees, agents or contractors.

 

The indemnity provisions contained herein
shall survive the expiration or earlier termination of this Lease.

 

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(b)            Upon
any violation by Tenant of the foregoing covenants and in all events upon any expiration of the Term, Tenant shall be obligated,
at Tenant’s sole cost, to clean-up and remove from the Property and Premises all Hazardous Substances introduced into the
Premises or on the Property by Tenant or any third party for whom Tenant is responsible. Such clean-up and removal shall include
all testing and investigation required by any governmental authorities having jurisdiction and preparation and implementation of
any remedial action plan required by any governmental authorities having jurisdiction. All such clean-up and removal activities
of Tenant shall, in each instance, be conducted to the satisfaction of all governmental authorities having jurisdiction. Landlord’s
right of entry pursuant to Section 30 of this Lease shall include the right to enter and inspect the Premises for violations
of Tenant’s covenant herein.

 

(c)            Upon
any violation of any of the foregoing covenants, Landlord shall be entitled to exercise all remedies available to a landlord against
the defaulting tenant, including but not limited to those set forth in Section 20 of this Lease. Without limiting the generality
of the foregoing, Tenant expressly agrees that upon any such violation Landlord may, at its option (i) immediately terminate
this Lease, or (ii) continue this Lease in effect until compliance by Tenant with its clean-up and removal covenant (notwithstanding
the expiration of the term of this Lease). No action by Landlord hereunder shall impair the obligations of Tenant pursuant to this
Subsection 8.3.

 

8.4            Compliance
with Laws. Tenant, at its sole cost and expense, shall conform to and comply with and shall cause the Premises to conform to
and comply with all federal, state, county, municipal and other governmental statutes, laws, rules, orders, regulations, and ordinances
applicable to Tenant or resulting from Tenant’s use or occupancy of the Premises or the Property or any part thereof.

 

Without limiting the foregoing, Tenant acknowledges
that the Americans with Disabilities Act of 1990 (as amended and as supplemented by further laws from time to time, the “ADA”)
imposes certain requirements upon the owners, lessees and operators of commercial facilities and places of public accommodation,
including, without limitation, prohibitions on discrimination against any individual on the basis of disability. Accordingly, but
without limiting the generality of and in addition to all other requirements under and notwithstanding any other provision of this
Lease, Tenant agrees to take all proper and necessary action to cause the Premises to be maintained, used and occupied in compliance
with the ADA and, further, to otherwise assume all responsibility to ensure the Premises’ continued compliance with all provisions
of the ADA throughout the Term. Likewise, Landlord agrees to take all proper and necessary actions to cause the Common Areas to
be maintained in compliance with the ADA.

 

8.5            Tenant
Access. Unless prevented due to the occurrence of a casualty or condemnation or the closure of the Building by its management
in preparation for, during and subsequent to an emergency or a natural disaster such as a hurricane or severe storm event, Tenant
shall have access to the Building, the Premises and the parking facilities twenty-four (24) hours per day, seven (7) days
per week via card key access; and Tenant shall be permitted to operate its business within the Premises twenty-four (24) hours
per day, seven (7) days per week.

 

8.6            Janitorial.
Tenant shall provide, at Tenant’s sole cost and expense, reasonable daily janitorial and waste removal services for the Premises
throughout the Term and any renewal term of this Lease. In the event the aforesaid services provided by Tenant are deemed by Landlord
in its reasonable discretion to be inadequate for or inconsistent with, the operation of a first class office building, Landlord
shall have the right (after providing notice to Tenant and giving a reasonable opportunity to cure the same) to provide such services
to the Premises in which event Tenant shall pay to Landlord, as Additional Rent, all reasonable costs and expenses incurred by
Landlord in providing any such services to the Premises within ten (10) days after receipt of an invoice for same from Landlord.

 

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9.            RULES
AND REGULATIONS.

 

9.1            Rules and
Regulations. Tenant and its agents and invitees shall abide by and observe the rules and regulations attached hereto as
Schedule C for the operation and maintenance of the Building or any new rules and regulations which may from time to
time be issued by Landlord (“Rules and Regulations”), provided that any new rules or regulations are
not inconsistent with the provisions of this Lease. Nothing in this Lease shall be interpreted to impose upon Landlord any duty
or obligation to enforce any such rules and regulations against any other tenant in the Building, and Landlord shall not be
liable to Tenant for any violation of these rules and regulations by any other tenant or its agents or invitees.

 

If any rule or regulation conflicts with
or is inconsistent with the provisions of this Lease, this Lease shall control.

 

9.2            No
Smoking. Tenant hereby acknowledges and agrees that the Building, including the Premises, is a smoke-free environment and smoking
of any type, including, without limitation, the smoking of any cigarettes, cigars, pipes or any other lighted tobacco product,
is strictly prohibited in all portions of the Building, including the Premises. Tenant shall require all of its employees, agents,
guests and invitees to comply with the no smoking provisions of this Lease. In addition, in the event that Landlord establishes
designated smoking areas at the Property, Tenant shall require all of its employees, agents, guests and invitees to refrain from
smoking on the Property other than in such designated smoking areas.

 

10.            COMMON
AREA.

 

10.1            Definition
of Common Area. As used herein, “Common Area” means those areas and facilities which are or may be furnished
by Landlord on or near the Property, as designated by Landlord from time to time, intended for the general common use and benefit
of all tenants of the Building and their agents, representatives, licensees, employees and invitees, including, without limitation,
any and all stairs, landings, roofs, utility and mechanical rooms and equipment, service closets, corridors, elevators, lobbies,
lavatories and other public areas of the Building and all parking areas, access roads, pedestrian walkways, plazas and landscaped
areas.

 

10.2            Use
of Common Area. Tenant shall have the non-exclusive right to use the Common Area in common with Landlord, other tenants in
the Building, and others entitled to the use thereof, subject to such reasonable rules and regulations governing the use of
the Common Area as Landlord may from time to time prescribe and subject to such easements therein as Landlord may from time to
time grant to others. Tenant shall not obstruct in any way any portion of the Common Area or in any way interfere with the rights
of other persons entitled to use the Common Area and shall not, without the prior written consent of Landlord, use the Common Area
in any manner, directly or indirectly, for the location or display of any merchandise or property belonging to Tenant or for the
location of signs relating to Tenant’s operations in the Premises. The Common Area shall at all times be subject to the exclusive
control and management of Landlord and Landlord may, from time to time, make the Common Area available to non-tenants of the Building.

 

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10.3         Alterations
to the Common Area. Landlord reserves the right at any time and from time to time (i) to change or alter the location,
layout, nature or arrangement of the Common Area or any portion thereof, including but not limited to the arrangement and/or location
of entrances, passageways, doors, corridors, stairs, lavatories, elevators, parking areas, and other public areas of the building,
and (ii) to construct additional improvements on the Property and make alterations thereof or additions thereto and build
additional stories on or in any such buildings or build adjoining same; provided, however, that no such change or alteration shall
deprive Tenant of access to the Premises or reduce the Rental Area of the Premises, unless such reduction is required by Federal,
State or local laws or regulations, in which event, a reduction in the Premises shall be permitted with a commensurate reduction
in rent. Landlord shall have the right to close temporarily all or any portion of the Common Area to such extent as may, in the
reasonable opinion of Landlord, be necessary to prevent a dedication thereof to the public, provided that Tenant is not thereby
denied access to the Premises, or for repairs, replacements or maintenance to the Common Area, provided such repairs, replacements
or maintenance are performed expeditiously and in such a manner as not to deprive Tenant of access to the Premises.

 

10.4         Maintenance.
Landlord covenants to keep, maintain, manage and operate the Common Area in a manner consistent with the operation of other comparable
office parks and buildings in the immediate vicinity of the Building and to keep the sidewalks and driveways, if any, constituting
a portion of the Common Area clean and reasonably clear of snow and ice. Landlord reserves the right of access to the Common Area
through the Premises for the purposes of operation, decoration, cleaning, maintenance, safety, security, alterations and repairs.

 

11.           UTILITIES.

 

11.1         Utilities.

 

(a)       (i)          Landlord
shall provide, up to the lease line of the Premises, the mains and conduits to provide water, sewer, gas (if available by public
utilities) and electric service to the Premises. Tenant shall duly and promptly pay to the supplier thereof all bills for utilities
consumed in the Premises measured by a separate meter for the Premises.

 

(ii)         Notwithstanding
anything to the contrary provided in this Section 11, Tenant acknowledges that water and sewer service to the Premises shall
be measured by a master meter for the building together with sub-meter for the Premises, and Tenant’s charges shall be paid
monthly to Landlord (or to any third party designated by Landlord in a written notice to Tenant) as Additional Rent within ten
(10) days of Tenant’s receipt of a bill.

 

(b)           The
obligations of Tenant to pay for utility service shall begin on the earlier of the date that Landlord delivers possession of the
Premises to Tenant for performance of Tenant’s work or the Rent Commencement Date.

 

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(c)            Landlord
shall not be liable in damages or otherwise should the furnishing of services to the Premises be interrupted by fire, accident,
riot, strike, act of God, the making of necessary repairs or improvements, or other causes beyond the control of Landlord, and
Tenant shall not be entitled to any damages, abatement or reduction in rent by reason of, an interruption in the supply of utilities.
Tenant agrees that it shall not install any equipment which exceeds or overloads the capacity of the utility facilities serving
the Premises, and that if equipment installed by Tenant requires additional utility facilities, installation of the same shall
be at Tenant’s expense, but only after Landlord’s written approval of same. Landlord shall be entitled to cooperate
with the energy and water conservation efforts of governmental agencies or utility suppliers. No failure, stoppage or interruption
of any utility or service shall be construed as an eviction of Tenant nor shall it relieve Tenant from any obligation to perform
any covenant or agreement under this Lease. No representation is made by Landlord with respect to the adequacy or fitness of the
Building’s ventilating, air conditioning or other systems to maintain temperatures as may be required for the operation of
any computer, film processing or other special trade fixtures or equipment of Tenant. Landlord reserves the right from time to
time to make reasonable and nondiscriminatory modifications to the utility standards.

 

12.            FLOOR
LOADS.

 

12.1            Floor
Loads. Tenant shall not place a load upon any floor of the Premises exceeding the floor load per square foot area which such
floor was designed to carry and which may be allowed by law. Landlord reserves the right to prescribe the weight and position of
all heavy equipment and similar items, and to prescribe the reinforcing necessary, if any, which in the opinion of Landlord may
be required under the circumstances, such reinforcing to be at Tenant’s expense as Additional Rent.

 

13.            LOSS,
DAMAGE AND INJURY.

 

13.1            Loss,
Damage and Injury. To the maximum extent permitted by law, Tenant shall occupy and use the Premises, the Building and the Common
Area at Tenant’s own risk. Consistent with the provisions of Subsection 16.4 of this Lease, Tenant’s Personal Property
and the property of those claiming by, through or under Tenant, located in or on the Premises or the Building, shall be and remain
at the sole risk of Tenant or such other person.

 

No representation, guaranty, assurance, or
warranty is made or given by Landlord that the communications or security systems, devices or procedures used, if any, will be
effective to prevent injury to Tenant or any other person or damage to, or loss (by theft or otherwise) of any of Tenant’s
Personal Property or of the property of any other person, and Landlord reserves the right to discontinue or modify at any time
such communications or security systems, devices, or procedures without liability to Tenant.

 

Subject to Landlord’s approval which
shall not be unreasonably withheld, Tenant may provide such supplemental security services and may install within the Premises
such supplemental security equipment, systems and procedures as may reasonably be required for the protection of its employees
and invitees, provided that Tenant shall coordinate such services and equipment with any security provided by Landlord. The determination
of the extent to which such supplemental security equipment, systems and procedures are reasonably required shall be made in the
sole judgment, and shall be the sole responsibility, of Tenant.

 

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14.            REPAIRS
BY LANDLORD.

 

14.1            Repairs
by Landlord. Except as the same may be Tenant’s obligation pursuant to Section 8 of this Lease, Landlord shall keep
the Premises and the Building and all machinery, equipment, fixtures and systems of every kind attached to, or used in connection
with the operation of, the Building, including all electrical, heating, mechanical, sanitary, sprinkler, utility, power, plumbing,
cleaning, refrigeration, ventilating, air conditioning and elevator systems and equipment (excluding, however, lines, improvements,
systems and machinery for water, gas, steam and electricity owned and maintained by any public utility company or governmental
agency or body) in good order and repair consistent with the operation of the Building as a first-class office building in the
Tampa Bay area, including those servicing and/or located within the Premises. Landlord, at its expense (subject to reimbursement
by Tenant pursuant to Section 7 of this Lease), shall make all repairs and replacements necessary to comply with its obligations
set forth in the immediately preceding sentence, except for (a) repairs required to be made by Tenant pursuant to Section 8
of this Lease and (b) notwithstanding the provisions of Subsection 16.4 of this Lease, repairs caused by the negligence
or willful misconduct of Tenant, its agents, employees, invitees and guests, which repairs shall be made by Landlord at the cost
of Tenant, and for which Tenant shall pay promptly, as Additional Rent, upon receipt of an invoice setting forth the cost of such
repairs. There shall be no abatement in rents due and payable hereunder and no liability on the part of Landlord by reason of any
inconvenience or annoyance arising from Landlord’s making repairs, additions or improvements to the Building in accordance
with its obligations hereunder.

 

15.            ALTERATIONS,
TITLE AND PERSONAL PROPERTY.

 

15.1            Alterations.
Tenant shall in no event make or permit to be made any alteration, modification, substitution or other change of any nature to
the mechanical, electrical, plumbing, HVAC and sprinkler systems within or serving the Premises. After completion of Tenant’s
Improvements within the Premises, Tenant shall not make or permit any other improvements, alterations, fixed decorations, substitutions
or modifications, structural or otherwise, to the Premises or the Building (“Alterations”) without the prior
written approval of Landlord. Landlord’s approval shall include the conditions under which acceptable Alterations may be
made. Alterations shall include, but not be limited to, the installation or modification of carpeting, walls, partitions, counters,
doors, shelves, lighting fixtures, hardware, locks, ceiling, window and wall coverings; but shall not include the initial Tenant’s
Improvements placed within the Premises pursuant to Subsection 5.1 of this Lease. All Alterations shall be based on complete plans
and specifications prepared and submitted by Tenant to Landlord for approval, except in the instance of cosmetic changes, such
as painting and carpeting, in which case Tenant shall provide Landlord with samples showing colors, styles, etc. All Alterations
shall be made by Landlord at Tenant’s sole cost, payable by Tenant, as Additional Rent, within thirty (30) days after receipt
of an invoice for same from Landlord, which cost shall include Landlord’s standard construction management fee. Tenant shall
be responsible for the cost of any additional improvements within the Premises or the Common Area required by The Americans with
Disabilities Act of 1990 as a result of Tenant’s Alterations.

 

If Tenant makes any Alterations without the
prior consent of Landlord, then, in addition to Landlord’s other remedies, Landlord may correct or remove such Alterations
and Tenant shall pay the cost thereof, as Additional Rent, on demand.

 

Without limiting the foregoing, Landlord shall
have the right (but not the obligation), at Tenant’s expense, to connect any security, fire alarm or other monitoring system
of Tenant located on the Premises to any central monitoring system maintained by Landlord from time to time. Tenant agrees to cooperate
with Landlord to allow Landlord to exercise this right. All life safety systems installed by Tenant, or on Tenant’s behalf,
must be at Tenant’s expense and must be compatible with Landlord’s central monitoring systems.

 

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15.2            Title.
The Tenant Improvements, all Alterations and all equipment, machinery, furniture, furnishings, and other property or improvements
installed or located in the Premises by or on behalf of Landlord or Tenant, other than Tenant’s Personal Property (as defined
in Subsection 15.3 of this Lease), (a) shall immediately become the property of Landlord and (b) shall remain upon and
be surrendered to Landlord with the Premises as a part thereof at the end of the Term. Notwithstanding the foregoing, Landlord
may, upon notice to Tenant at the time Alterations are made, elect that any Alterations be removed at the end of the Term, and
thereupon, Landlord shall at Tenant’s sole expense, cause such Alterations to be removed and restore the Premises to its
condition prior to the making of such Alterations, reasonable wear and tear excepted. Tenant shall promptly reimburse Landlord,
as Additional Rent, for the cost of such work, which reimbursement obligation shall survive termination of the Lease.

 

15.3            Tenant’s
Personal Property. “Tenant’s Personal Property” means all equipment, machinery, furniture, furnishings
and/or other property now or hereafter installed or placed in or on the Premises by and at the sole expense of Tenant with respect
to which Tenant has not been granted any credit or allowance by Landlord and which (a) is not used, or was not procured for
use, in connection with the operation, maintenance or protection of the Premises or the Building; (b) is removable without
damage to the Premises or the Building; and (c) is not a replacement of any property of Landlord, whether such replacement
is made at Tenant’s expense or otherwise. Notwithstanding any other provision of this Lease, Tenant’s Personal Property
shall not include any Alterations or any improvements or other property installed or placed in or on the Premises as part of Tenant’s
Improvements, whether or not installed at Tenant’s expense. Tenant shall promptly pay all personal property taxes on Tenant’s
Personal Property, as applicable. Provided that Tenant is not then in default of any of its obligations under this Lease, Tenant
may remove all Tenant’s Personal Property from the Premises at the termination of this Lease. Any property belonging to Tenant
or any other person which is left in the Premises after the date the Lease is terminated for any reason shall be deemed to have
been abandoned. In such event, Landlord shall have the right to declare itself the owner of such property and to dispose of it
in whatever manner Landlord considers appropriate without waiving its right to claim from Tenant all expenses and damages caused
by Tenant’s failure to remove such property, and Tenant shall not have any right to compensation or claim against Landlord
as a result.

 

15.4            Required
Removal of Tenant’s Personal Property and Cabling. Without limiting anything herein, unless otherwise expressly agreed
by Landlord in writing, Tenant shall, prior to expiration of the Lease, at Tenant’s sole expense, remove any and all of Tenant’s
Personal Property and/or any cabling or wiring to the extent the same was installed by Tenant or was part of the Improvements relating
to any of Tenant’s electrical, telephones, computers and/or communications related equipment. This provision shall survive
the termination of this Lease.

 

16.            INSURANCE.

 

16.1            Tenant’s
Insurance. Tenant, at its expense, shall obtain and maintain in effect as long as this Lease remains in effect and during such
other time as Tenant occupies the Premises or any part thereof insurance policies in accordance with the following provisions.

 

(a)            Coverage.

 

(i)            commercial
general liability insurance policy, including insurance against assumed or contractual liability under this Lease, with respect
to the Property, to afford protection with limits, per occurrence, of not less than Two Million and No/100 Dollars ($2,000,000.00),
combined single limit, with respect to personal injury, bodily injury, including death, and property damage and Four Million and
No/100 Dollars ($4,000,000.00) aggregate (occurrence form), such insurance to provide for no deductible;

 

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(ii)            all-risk
property insurance policy, including theft, written at replacement cost value and with replacement cost endorsement, covering all
of Tenant’s Personal Property in the Premises, and covering loss of income resulting from casualty, such insurance to provide
for no deductible greater than Twenty-Five Thousand and No/100 Dollars ($25,000.00);

 

(iii)            automobile
liability insurance in the amount of One Million and No/100 Dollars ($1,000,000.00) combined single limit for bodily injury and
property damage;

 

(iv)            worker’s
compensation or similar insurance policy offering statutory coverage and containing statutory limits, which policy shall also provide
Employer’s Liability Coverage of not less than Five Hundred Thousand and No/100 Dollars ($500,000.00) per occurrence; and

 

(v)            Tenant
shall require any construction contractor retained by it to perform work on the Premises to carry and maintain, at no expense to
Landlord, during such times as contractor is working in the Premises, a non-deductible (a) commercial general liability insurance
policy, including, but not limited to, contractor’s liability coverage, contractual liability coverage, completed operations
coverage, broad form property damage endorsement and contractor’s protective liability coverage, to afford protection with
limits per person and for each occurrence, of not less than Two Million and No/100 Dollars ($2,000,000.00), combined single limit,
and with respect to personal injury and death and property damage, Four Million and No/100 Dollars ($4,000,000.00) aggregate (occurrence
form) and Two Million and No/100 Dollars ($2,000,000.00) aggregate completed operations; (b) automobile liability insurance
in the amount of One Million and No/100 Dollars ($1,000,000.00) combined single limit for bodily injury and property damage; (c) worker’s
compensation insurance or similar insurance in form and amounts as required by law; and (d) any other insurance reasonably
required of Tenant by Landlord or any Mortgagee.

 

(b)            Policies.
Such policies shall be maintained with companies licensed to do business in the State where the Premises are located and in form
reasonably acceptable to Landlord and will be written as primary policy coverage and not contributing with, or in excess of, any
coverage which Landlord shall carry. Tenant shall deposit the policy or policies of such required insurance or certificates thereof
with Landlord prior to the Rent Commencement Date. Such policy or policies shall include Landlord and its managing agent as additional
insured as to coverage under Subsections 16.1.(a)(i) and 16.1.(a)(v) of this Lease. Such policies shall also contain
a waiver of subrogation provision and a provision stating that such policy or policies shall not be canceled, non-renewed, reduced
in coverage or materially altered except after thirty (30) day’s written notice, said notice to be given in the manner required
by this Lease to Landlord, Attention: Risk Management Department. All such policies of insurance shall be effective as of the date
Tenant occupies the Premises and shall be maintained in force at all times during the Term of this Lease and all other times during
which Tenant shall occupy the Premises.

 

16.2            Tenant’s
Failure to Insure. If Tenant shall fail to obtain insurance as required under this Section 16, Landlord may, but shall
not be obligated to, obtain such insurance, and in such event, Tenant shall pay, as Additional Rent, the premium for such insurance
upon demand by Landlord.

 

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16.3            Compliance
with Policies. Tenant shall not do or allow to be done, or keep, or allow to be kept, anything in, upon or about the Premises
which will contravene Landlord’s policies insuring against loss or damage by fire, other casualty, or any other cause, including
without limitation, public liability, or which will prevent Landlord from procuring such policies in companies acceptable to Landlord.
If any act or failure to act by Tenant in and about the Building and the Premises shall cause the rates with respect to Landlord’s
insurance policies to be increased beyond those rates that would normally be applicable for such limits of coverage, Tenant shall
pay, as Additional Rent, the amount of any such increases upon demand by Landlord.

 

16.4            Waiver
of Right of Recovery. Except as provided in Subsection 8.3 of this Lease, neither party, including Landlord’s managing
agent, shall be liable to the other party, including Landlord’s managing agent, or to any insurance company (by way of subrogation
or otherwise) insuring the other party, for any loss or damage to any building, structure or other tangible property, or loss of
income resulting therefrom, or losses under worker’s compensation laws and benefits even though such loss or damage might
have been occasioned by the negligence of such party, its agents or employees, if and to the extent such loss or damage is covered
by the insurance benefiting the party suffering such loss as damage or is required to be covered by the insurance pursuant to Subsections
16.1 or 16.5 of this Lease. The provisions of this Subsection 16.4 shall not limit the indemnification for liability to third
parties pursuant to Section 22 of this Lease.

 

16.5            Landlord’s
Insurance. Landlord shall carry comprehensive general liability insurance with regard to the Property and all-risk property
insurance on the Property, including Tenant Improvements and Alterations but excluding Tenant’s Personal Property.

 

Landlord shall not
be obligated to repair any damage to Tenant’s Personal Property or replace the same.

 

17.            DAMAGE
AND DESTRUCTION.

 

17.1            Landlord’s
Obligation to Repair and Reconstruct. If, as the result of fire, the elements, accident or other casualty (any of such causes
being referred to herein as a “Casualty”), the Premises shall be rendered wholly or partially untenantable (damaged
to such an extent as to preclude Tenant’s use of the Premises for the purposes originally intended), then, subject to the
provisions of Subsection 17.2 of this Lease, Landlord shall cause such damage to be repaired, including Tenant Improvements and
Alterations, to the extent insurance proceeds are paid to Landlord, and the Annual Basic Rent and Additional Rent (but not any
Additional Rent due Landlord either by reason of Tenant’s failure to perform any of its obligations hereunder or by reason
of Landlord’s having provided Tenant with additional services hereunder) shall be abated proportionately as to the portion
of the Premises rendered untenantable during the period of such untenantability. All such repairs shall be made at the expense
of Landlord, subject to the availability of insurance proceeds and Tenant’s responsibilities set forth herein. Landlord shall
not be liable for interruption to Tenant’s business or for damage to or replacement or repair of Tenant’s Personal
Property, all of which replacement or repair shall be undertaken and completed by Tenant, at Tenant’s expense.

 

If the Premises shall be damaged by Casualty,
but the Premises shall not be thereby rendered wholly or partially untenantable, Landlord shall promptly cause such damage
to be repaired and there shall be no abatement of rent reserved hereunder.

 

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17.2            Termination
of Lease. If the Premises are (a) rendered wholly untenantable, or (b) damaged as a result of any cause which is
not covered by Landlord’s insurance, or if the Building is damaged to the extent of fifty percent (50%) or more of the gross
leasable area thereof, or if, for reasons beyond Landlord’s control or by virtue of the terms of any financing of the Building,
sufficient insurance proceeds are not available for the reconstruction or restoration of the Building or Premises, then, in any
of such events, Landlord may elect to terminate this Lease by giving to Tenant notice of such election within ninety (90) days
after the occurrence of such event, or after the insufficiency of such proceeds becomes known to Landlord, whichever is applicable.
If such notice is given, the rights and obligations of the parties shall cease as of the date set forth in such notice, and the
Annual Basic Rent and Additional Rent (but not any Additional Rent due Landlord either by reason of Tenant’s failure to perform
any of its obligations hereunder or by reason of Landlord’s having provided Tenant with additional services hereunder) shall
be adjusted as of the date set forth in such notice, or, if the Premises were rendered untenantable, as of the date of the Casualty.

 

17.3            Demolition
of the Building. If the Building shall be so substantially damaged that it is reasonably necessary, in Landlord’s judgment,
to demolish the Building for the purpose of reconstruction, Landlord may demolish the same, in which event the Annual Basic Rent
and Additional Rent (but not any Additional Rent due Landlord either by reason of Tenant’s failure to perform any of its
obligations hereunder or by reason of Landlord’s having provided Tenant with additional services hereunder) shall be abated
to the same extent as if the Premises were rendered wholly untenantable by a Casualty.

 

17.4            Insurance
Proceeds. If the Lease is not terminated pursuant to Subsection 17.2 of this Lease, Landlord shall, subject to the terms of
any Mortgage, disburse and apply any insurance proceeds received by Landlord to the restoration and rebuilding of the Building
in accordance with Subsection 17.1 of this Lease. All insurance proceeds payable with respect to the Premises and the Building
shall belong to and shall be payable to Landlord.

 

18.            CONDEMNATION.

 

18.1            Termination.
If either the entire Premises or the Building shall be acquired or condemned by any governmental authority under its power of eminent
domain for any public or quasi-public use or purpose, this Lease shall terminate as of the date of vesting or acquisition of title
in the condemning authority and the rents hereunder shall be abated on that date. If less than the whole but more than fifty percent
(50%) of the Rental Area of the Premises or more than fifty percent (50%) of the total area of the Building (even if the Premises
are unaffected) or such portion of the Common Area as shall render the Premises or the Building untenantable should be so acquired
or condemned, Landlord and Tenant shall each have the option to terminate this Lease by notice given to the other within ninety
(90) days of such taking. In the event that such a notice of termination is given, this Lease shall terminate as of the date of
vesting or acquisition of title in the condemning authority and the Annual Basic Rent and Additional Rent (but not any Additional
Rent due Landlord either by reason of Tenant’s failure to perform any of its obligations hereunder, or by reason of Landlord’s
having provided Tenant with additional services hereunder) shall be adjusted as of such date.

 

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If (a) neither Landlord nor Tenant shall
exercise their respective options to terminate this Lease, as hereinabove set forth, or (b) some lesser portion of the Premises
or the Building or Common Area, which does not give rise to a right to terminate pursuant to this Subsection 18.1, is taken by
the condemning authority, this Lease shall continue in force and effect, but from and after the date of the vesting of title in
the condemning authority, the Annual Basic Rent payable hereunder during the unexpired portion of the Term shall be reduced in
proportion to the reduction in the total Rental Area of the Premises, and any Additional Rent (but not any Additional Rent due
Landlord either by reason of Tenant’s failure to perform any of its obligations hereunder, or by reason of Landlord’s
having provided Tenant with additional services hereunder) payable pursuant to the terms hereof shall be adjusted to reflect the
diminution of the Premises and/or the Building, as the case may be.

 

18.2            Rights
to Award. Tenant shall have no claim against Landlord arising out of the taking or condemnation, or arising out of the cancellation
of this Lease as a result of any such taking or condemnation, or for any portion of the amount that may be awarded as damages as
a result of any taking or condemnation, or for the value of any unexpired portion of the Term, or for any property lost through
condemnation, and Tenant hereby assigns to Landlord all its right, title and interest in and to any such award with regard to the
Premises; provided, however, that, in the event of a total taking, Tenant may assert any claim it may have against the condemning
authority for compensation for Tenant’s Personal Property lost thereby, loss of income, and for any relocation expenses compensable
by statute and receive such awards therefor as may be allowed in the condemnation proceedings provided that such awards shall be
made in addition to, and stated separately from, the award made for the Building, the underlying land and the Premises. Landlord
shall have no obligation to contest any taking or condemnation.

 

19.            BANKRUPTCY.

 

19.1            Event
of Bankruptcy. For purposes of this Lease, each of the following shall be deemed an “Event of Tenant’s Bankruptcy”:

 

(a)            if
Tenant becomes insolvent, as defined in the Bankruptcy Code, or under the Insolvency Laws;

 

(b)            the
commencement of any action or proceeding for the dissolution or liquidation of Tenant or for the appointment of a receiver or trustee
of the property of Tenant, whether instituted by or against Tenant, if not bonded or discharged within thirty (30) days of the
date of the commencement of such proceeding or action;

 

(c)            if
Tenant files a voluntary petition under the Bankruptcy Code or Insolvency Laws;

 

(d)            if
there is filed an involuntary petition against Tenant as the subject debtor under the Bankruptcy Code or Insolvency laws, which
is not dismissed within sixty (60) days of filing, or results in issuance of an order for relief against the debtor; and

 

(e)            if
Tenant makes or consents to an assignment of its assets, in whole or in part, for the benefit of creditors, or to a common law
composition of creditors.

 

As used herein, (i) “Bankruptcy
Code” means title 11 of the United States Code, 11 U.S.C. Section 101 et. seq. as amended or any successor statute
and (ii) “Insolvency Laws” means the insolvency laws of any state or territory of the United States.

 

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19.2            Assumption
by Trustee. If Tenant becomes the subject debtor in a case pending under the Bankruptcy Code, Landlord’s right to terminate
this Lease under Section 20 of this Lease shall be subject to the applicable rights (if any) of the Trustee in Bankruptcy
to assume or assign this Lease as then provided for in the Bankruptcy Code. However, the Trustee in Bankruptcy must give to Landlord
and Landlord must receive proper written notice of the Trustee’s assumption or rejection of this Lease, within sixty (60)
days (or such other applicable period as is provided for in the Bankruptcy Code) after the date of the Trustee’s appointment.
The failure of the Trustee to give notice of the assumption within the period shall conclusively and irrevocably constitute the
Trustee’s rejection of this Lease and waiver of any rights of the Trustee to assume or assign this Lease. The Trustee shall
not have the right to assume or assign this Lease unless the Trustee (i) promptly and fully cures all defaults under this
Lease, (ii) promptly and fully compensates Landlord for all monetary damages incurred as a result of such default, and (iii) provides
to Landlord adequate assurance of future performance. In the event Tenant is unable to: (i) cure its defaults, (ii) reimburse
Landlord for its monetary damages, or (iii) pay the Rent due under this Lease on time, then Tenant hereby agrees in advance
that it has not met its burden to provide adequate assurance of future performance, and this Lease may be terminated by Landlord
in accordance with Section 20 of this Lease.

 

20.            DEFAULT
PROVISIONS AND REMEDIES.

 

20.1            Events
of Default. Each of the following shall be deemed an Event of Default by Tenant under this Lease:

 

(a)            failure
of Tenant to pay Annual Basic Rent, any Additional Rent, or any other sum required to be paid under the terms of this Lease, including
late charges, within three (3) days after written notice from Landlord of non-payment;

 

(b)            failure
by Tenant to perform or observe any other term, covenant, agreement or condition of this Lease, on the part of Tenant to be performed
(other than those obligations of Tenant set forth in Subsection 16.2 of this Lease for which Tenant shall be entitled to receive
no prior notice, and other than the conditions set forth in Subsections 20.1.(a), (c), (d), (e), (f) and (g) of this
Lease, which shall be governed solely by the provisions set forth herein), within ten (10) days after notice thereof from
the Landlord, unless such performance shall reasonably require a longer period, in which case Tenant shall not be deemed in default
if Tenant commences the required performance promptly and thereafter pursues and completes such action diligently and expeditiously
and in any event within not more than thirty (30) days;

 

(c)            the
filing of a tax or construction lien against any property of Tenant which is not bonded or discharged within ten (10) days
of the date such lien is filed;

 

(d)            abandonment
of the Premises by Tenant;

 

(e)            an
Event of Tenant’s Bankruptcy;

 

(f)            the
sale of Tenant’s interest in the Premises under attachment, execution or similar legal process; and

 

(g)            the
failure of Tenant to vacate the Premises upon the expiration of the Term, or the earlier termination thereof pursuant to the other
provisions hereof.

 

    26 

     

    

 

20.2            Remedies.
Upon the occurrence of an Event of Default, Landlord, without notice to Tenant in any instance (except where expressly provided
for below or by applicable law) may do any one or more of the following:

 

(a)            Landlord
shall have the right, at its election, to cancel and terminate this Lease and remove all persons and property therefrom by summary
proceedings; provided, however, that any such termination of this Lease shall be at the option or election of the Landlord only,
and such termination and cancellation shall not take effect unless the Landlord elects in writing that it shall.

 

(b)            Landlord
shall have the rights (i) to accelerate and declare immediately due and payable all rents and other charges to be paid by
Tenant hereunder, to the end of the term, and to collect such rentals and charges immediately by distress proceedings or otherwise
at Landlord’s election, or (ii) in the event the Tenant abandons the Premises or in the event the Landlord dispossesses
the Tenant but does not elect to terminate this Lease, then without waiving its right to accelerate, Landlord shall have the right
to re-lease the Premises, or portions thereof, for the Tenant’s account, for such periods of time and at such rentals, for
such use and upon such covenants and conditions as Landlord may elect, applying the net rentals or avails of such letting first
to the payment of Landlord’s expenses in dispossessing the Tenant and the costs or expenses of making such repairs in the
Premises as may be necessary in order to enable the Landlord to re-lease the same, and to the payment of any brokerage commissions
or other necessary expenses of the Landlord in connection with such re-leasing; and the balance, if any, shall be applied by the
Landlord from time to time, but in any event no less than once a month, on account of the payment due or payable by the Tenant
hereunder, if any, with the right reserved to the Landlord to bring such action or proceedings for the recovery of any deficits
remaining unpaid as it may deem advisable from time to time, without being obliged to await the end of the term hereof for a final
determination of the Tenant’s account.

 

The commencement or maintenance of any one
or more actions shall not bar the Landlord from bringing other or subsequent actions for further accruals pursuant to the provisions
of this Subsection. Any balance remaining, however, after full payment and liquidation of the Landlord’s accounts as aforesaid,
shall be paid to the Tenant from time to time with the right reserved to the Landlord at any time to give notice in writing to
the Tenant of Landlord’s election to cancel and terminate this Lease and all of the Tenant’s obligations thereunder,
and upon the giving of such notice and the simultaneous payment by Landlord to Tenant of any credit balance in Tenant’s favor
that may at the time be owing, it shall constitute a final and effective cancellation and termination of this Lease and the obligations
thereof on the part of either party to the other.

 

(c)            In
the event of the termination of this Lease by Landlord because of Tenant’s default, Landlord shall, notwithstanding any other
provisions of this Lease, be entitled to recover from Tenant as damages and not as a penalty, an amount equal to all amounts incurred
by Landlord in recovering possession and leasing the Premises (and renovations or repairs to same in order to lease the Premises),
including, without limitation, all broker’s fees and commissions.

 

(d)            Landlord
may also pursue such other remedies as may be allowed by law or equity, and all such rights and remedies, whether expressly stated
above or whether available at law or in equity, shall be deemed separate and cumulative and no one remedy shall be deemed to be
exclusive of any such other remedy.

 

    27 

     

    

 

(e)            Notwithstanding
anything to the contrary herein, it is agreed that wherever it is provided in this Section that this Lease shall terminate,
the same shall be deemed and construed to mean that such termination shall be at the option or election of Landlord only, and that
such termination and cancellation shall not take effect unless Landlord elects in writing that it shall.

 

(f)            Tenant
covenants and agrees that Tenant will pay in addition to the rentals and other sums agreed to be paid hereunder, all sums and expenses
incurred by Landlord in enforcing, defending or interpreting its rights hereunder, including without limitation, all advertising
and leasing fees, all court costs, all attorneys’ fees (whether incurred out of court, at trial, on appeal, or in bankruptcy
or administrative proceedings), and all collection costs and fees charged by third parties in connection with Landlord’s
enforcement, defense or interpretation of its rights hereunder.

 

(g)            Tenant
acknowledges and agrees that if Tenant defaults in the payment of any money due to Landlord under the terms of this Lease, then
from and after the date of such default, all sums due to Landlord hereunder shall bear interest at the Default Rate. In addition,
if Tenant fails to pay any taxes, assessments, or any other payments required to be paid by Tenant hereunder (other than amounts
payable as rents), Landlord may, on behalf of Tenant, make any such payment or payments, and Tenant covenants thereupon to reimburse
and pay Landlord as additional rent within ten (10) days of Landlord’s demand therefor, any amount so paid and expended,
with interest thereon at the Default Rate from the date of the payment made by Landlord until such amount is paid by Tenant to
Landlord.

 

(h)            Nothing
contained in this Lease shall limit or prejudice the right of Landlord to prove for and obtain, in proceedings for the termination
of this Lease by reason of bankruptcy or insolvency, an amount equal to the maximum allowed by any statute or rule of law
in effect at the time when, and governing the proceedings in which, the damages are to be proved, whether or not the amount be
greater, equal to, or less than the amount of the loss or damages referred to above.

 

20.3            Damages.
If this Lease is terminated by Landlord pursuant to Subsection 20.2 of this Lease, Tenant nevertheless shall remain liable for
(a) any Annual Basic Rent, Additional Rent and damages which may be due or sustained prior to such termination, and (b) all
reasonable costs, fees and expenses including, but not limited to, reasonable attorneys’ fees, costs and expenses incurred
by Landlord in pursuit of its remedies hereunder. If Landlord terminates the Lease pursuant to this Section 20, all rent which
would have been payable to landlord prior to the termination date, but for any abatement set forth in Subsection 1.1.B. of
this Lease, shall immediately become due and payable as Additional Rent.

 

Damages shall be due and payable immediately
upon demand by Landlord following any termination of this Lease pursuant to Subsection 20.2 of this Lease.

 

If this Lease is terminated pursuant to Subsection
20.2 of this Lease, Landlord may re-lease the Premises or any part thereof, alone or together with other premises, for such term(s) (which
may be greater or less than the period which otherwise would have constituted the balance of the Term) and on such terms and conditions
(which may include concessions or free rent and alterations of the Premises) as Landlord, in its sole discretion, may determine.
The failure or refusal of Landlord to re-lease the Premises or any part or parts thereof shall not release or affect Tenant’s
liability for damages.

 

    28 

     

    

 

 

Nothing contained in this Lease shall limit
or prejudice the right of Landlord to prove and obtain in proceedings for the termination of this Lease by reason of bankruptcy
or insolvency, an amount equal to the maximum allowed by any statute or rule of law in effect at the time when, and governing
the proceedings in which, the damages are to be proved, whether or not the amount be greater, equal to, or less than the amount
of the loss or damages referred to above.

 

20.4            No
Waiver. No act or omission by Landlord shall be deemed to be an acceptance of a surrender of the Premises or a termination
of Tenant’s liabilities hereunder, unless Landlord shall execute a written release of Tenant. Tenant’s liability hereunder
shall not be terminated by the execution by Landlord of any new lease for all or any portion of the Premises or the acceptance
of rent from any assignee or subtenant.

 

20.5            Remedies
Not Exclusive. All rights and remedies of Landlord set forth in this Lease shall be cumulative, and none shall exclude any
other right or remedy, now or hereafter allowed by or available under any statute, ordinance, rule of court, or the common
law, either at law or in equity, or both. For the purposes of any suit brought or based hereon, this Lease shall be construed
to be a divisible contract, to the end that successive actions may be maintained on this Lease as successive periodic sums shall
mature hereunder. The failure of Landlord to insist, in any one or more instances, upon a strict performance of any of the covenants,
terms and conditions of this Lease or to exercise any right or option herein contained shall not be construed as a waiver or a
relinquishment for the future, of such covenant, term, condition, right or option, but the same shall continue and remain in full
force and effect unless the contrary is expressed by Landlord in writing. The receipt by Landlord of rents hereunder, with knowledge
of the breach of any covenant hereof or the receipt by Landlord of less than the full rent due hereunder, shall not be deemed
a waiver of such breach or of Landlord’s right to receive the full rents hereunder, and no waiver by Landlord of any provision
hereof shall be deemed to have been made unless expressed in writing and signed by Landlord.

 

20.6            Persistent
Failure to Pay Rent. In addition to any other remedies available to Landlord pursuant to this Lease or by law, Landlord may,
at any time throughout the Term of this Lease, terminate this Lease upon Tenant’s default on two (2) separate occasions
during any twelve (12) month period under Subsection 20.1.(a) of this Lease, regardless of whether or not such prior defaults
have been cured. Termination, pursuant to this Subsection 20.6, shall be effective upon Landlord’s delivery to Tenant of
a notice of termination.

 

21.            LANDLORD’S
LIEN.

 

21.1            Landlord’s
Lien. Tenant hereby grants to Landlord a lien and security interest on all property of Tenant now or hereafter placed in or
upon the Premises, and such property shall be and remain subject to such lien and security interest of Landlord for payment of
all Rent and other sums agreed to be paid by Tenant herein. This lien shall also secure payment of any damages or loss which Landlord
may suffer by reason of the breach by Tenant of any covenant, agreement or condition contained herein, upon all goods, wares,
equipment, fixtures, furniture, improvements and other personal property of Tenant presently or which may hereinafter be situated
in the Premises, and all proceeds therefrom, and such property shall not be removed therefrom without the consent of Landlord
until all arrearages in Rent as well as any and all other sums of money then due to Landlord hereunder shall first have been paid
and discharged and all of the covenants, agreements, and conditions hereof have been fully complied with and performed by Tenant.
In consideration of this Lease, upon the occurrence of an event of default by Tenant, Landlord may, in addition to any other remedies
provided herein, enter upon the Premises and take possession of any and all goods, wares, equipment, fixtures, furniture, improvements,
and other personal property of Tenant situated on or in the Premises, without liability for trespass or conversion, and sell the
same at public or private sale, with or without having such property at the sale, after giving Tenant reasonable notice of the
time and place of any public sale or of the time after which any private sale is to be made, at which sale Landlord or its assigns
may purchase unless otherwise prohibited by law. Unless otherwise provided by law, and without intending to exclude any other
manner of giving Tenant reasonable notice, the requirement of reasonable notice shall be met if such notice is given in the manner
prescribed in Section 34 of this Lease dealing with “Notices” in this Lease at least five (5) days
before the time of sale. The proceeds from any such disposition, less any and all expenses connected with the taking of possession,
holding and selling of the property (including reasonable attorney’s fees and other expenses), shall be applied as a credit
against the indebtedness secured by the security interest granted in this Section 21. Any surplus shall be paid to Tenant
or as otherwise required by law, and Tenant shall pay any deficiencies forthwith. Upon request by Landlord, Tenant agrees to execute
and deliver to Landlord a financing statement in form sufficient to perfect the security interest of Landlord in the aforementioned
property and proceeds thereof under the provisions of the Uniform Commercial Code in force in the State of Florida.

 

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22.            INDEMNITY.

 

22.1            Indemnity.
To the maximum extent permitted by law, Tenant shall indemnify, protect, and hold Landlord and its officers, directors and shareholders
together with their respective officers, agents, servants, employees, and independent contractors, and each of their respective
successors and assigns (collectively, the “Landlord Indemnified Parties”) harmless from and defend the Landlord
Indemnified Parties against any and all claims or liability for any injury or damage to any person or property whatsoever (i) occurring
in, on or about the Premises or any part thereof; or (ii) occurring in, on or about the Building or the Common Areas when
such injury or damage is caused in part or in whole by the act, neglect, or fault of Tenant or Tenant’s agents, contractors,
employees or invitees. Tenant shall further indemnify and hold the Landlord Indemnified Parties harmless from and against any
and all claims arising from any breach or default in the performance of any obligation on Tenant’s part to be performed
under the provisions of this Lease, or arising from any act or negligence of Tenant, or any of Tenant’s agents, contractors
or employees and, Tenant shall further indemnify and hold the Landlord Indemnified Parties harmless from and against all reasonable
costs, attorneys’ fees, expenses and liabilities incurred in the defense of any such claim or any action or proceeding brought
thereon. In case any action or proceeding be brought against the Landlord Indemnified Parties by reason of any such claim, Tenant,
upon notice from Landlord, shall defend the same at Tenant’s expense by counsel reasonably satisfactory to Landlord.

 

The provisions of this Section 22 shall
survive the expiration or sooner termination of this Lease with respect to any claims or liability arising in connection with any
event occurring prior to such expiration or termination. The term attorneys’ fees as used in this Lease shall mean all attorneys’
and paralegals’ fees, whether incurred out of court, at trial, in mediation or arbitration, on appeal or in any bankruptcy
or appellate proceeding.

 

23.            LIMITATION
ON LANDLORD LIABILITY.

 

23.1            Limitation
on Landlord Liability. The term “Landlord” as used in this Lease shall mean only the owner or the Mortgagee
or its trustees, as the case may be, then in possession of the Property so that in the event of any transfer by Landlord of its
interest in the Property, the Landlord in possession immediately prior to such transfer shall be, and hereby is, entirely released
and discharged from all covenants, obligations and liabilities of Landlord under this Lease accruing after such transfer. In consideration
of the benefits accruing hereunder, Tenant, for itself, its successors and assigns, covenants and agrees that, in the event of
any actual or alleged failure, breach or default hereunder by the Landlord, and notwithstanding anything to the contrary contained
elsewhere in this Lease, the remedies of Tenant under this Lease shall be solely and exclusively limited to Landlord’s interest
in the Property.

 

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24.            LANDLORD
OBLIGATIONS.

 

24.1            Landlord
Obligations. Landlord agrees to perform all of its obligations under this Lease in a manner consistent with the standards
applicable to similar buildings in the vicinity of the Building. Landlord shall be excused for the period of any delay in the
performance of any of its obligations when the delay is due to any cause or causes beyond Landlord’s control which include,
without limitation, acts of God, all labor disputes, governmental regulations or controls, civil unrest, war, adverse weather
condition, fire or other casualty, inability to obtain any material, services, or financing unless otherwise provided for in this
Lease. Except where specifically set forth in this Lease, there shall be no abatement, set-off or deduction of Annual Basic Rent
or Additional Rent due under this Lease.

 

25.            ASSIGNMENT
AND SUBLETTING.

 

25.1            Prohibited
Without Landlord’s Consent. Tenant agrees for itself and its permitted successors and assigns in interest hereunder
that it will not (a) assign or otherwise transfer, mortgage or otherwise encumber this Lease or any of its rights hereunder;
(b) sublet the Premises or any part thereof or permit the occupancy or use of the Premises or any part thereof by any person
other than Tenant; and/or (c) permit the assignment or other transfer of this Lease or any of Tenant’s rights hereunder
by operation of law (each of the events referred to in the foregoing clauses (a), (b) and (c) being hereinafter referred
to as a “Transfer”), without the prior written consent of Landlord in each instance first obtained, which consent
shall not be unreasonably withheld, conditioned or delayed, and any consent given shall not constitute a consent to any subsequent
Transfer. Any attempted Transfer without Landlord’s consent shall be null and void and shall not confer any rights upon
any purported transferee, assignee, mortgagee, sublessee, or occupant. No Transfer, regardless of whether Landlord’s consent
has been granted or withheld, and regardless of whether such assignment or subletting is expressly permitted under this Lease,
shall be deemed to release Tenant from any of its obligations hereunder or to alter, impair or release the obligations of any
person guaranteeing the obligations of Tenant hereunder. Tenant hereby indemnifies Landlord against liability resulting from any
claim made against Landlord by any assignee or subtenant or by any broker claiming a commission in connection with the proposed
Transfer. In the event Landlord shall consent to a Transfer of this Lease, any option which Tenant may have to renew the Term
shall be null and void.

 

25.2            Stock
Transfer. If Tenant or any Guarantor is at any time a privately held corporation, then each of the following events shall
be deemed a prohibited Transfer under this Section 25 if such event results in a change in control of Tenant or Guarantor:
any transfer of Tenant’s or Guarantor’s issued and outstanding capital stock; any issuance of additional capital stock;
or the redemption of any issued and outstanding stock. If Tenant or any Guarantor is a partnership, any Transfer of any interest
in the partnership or any other change in the composition of the partnership, which results in a change in management of Tenant
or Guarantor from the person or persons managing the partnership as of the date hereof, shall be deemed a prohibited Transfer
under this Section 25.

 

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25.3            Rents
from Transfer. In the event Landlord shall consent to a Transfer of this Lease and the amount of the rents (or other compensation)
to be paid to Tenant by any such transferee is greater than the rents required to be paid by Tenant to Landlord pursuant to this
Lease or a premium is to be paid to Tenant for an assignment of this Lease, Tenant shall pay to Landlord any such excess or any
such premium, as the case may be, upon receipt thereof by Tenant from such transferee.

 

25.4            Procedure
for Obtaining Landlord’s Consent.

 

(a)            In
the event that, at any time or from time to time prior to or during the Term, Tenant desires to Transfer this Lease in whole or
in part, whether by operation of law or otherwise, Tenant shall submit to Landlord for its consideration (a) in writing, the
name and address of the proposed subtenant or assignee, a reasonably detailed statement of the proposed subtenant’s or assignee’s
business and reasonably detailed financial references and information concerning the financial condition of the proposed subtenant
or assignee, (b) a disclosure of the rents to be paid by any subtenant in excess of the rents reserved hereunder or the premium
to be paid for the assignment, and (c) if a subletting, a description of the area of the Premises to be sublet. Tenant agrees
to pay Landlord, as Additional Rent, all costs incurred by Landlord in connection with any actual or proposed Transfer, including,
without limitation, the costs of making investigations as to the acceptability of a proposed subtenant or assignee and legal costs
incurred in connection with any requested consent.

 

(b)            Landlord’s
consent to an assignment of this Lease shall be effective upon the execution by Tenant, the assignee, and Landlord of an assignment
document prepared by Landlord in which the assignee shall agree to assume, observe, perform, and be bound by, all of Tenant’s
obligations under this Lease and Tenant shall agree to remain primarily liable for such obligations.

 

Any consent by Landlord to a subletting
of all or a portion of the Premises shall be deemed to have been given only upon the delivery by Landlord to Tenant of a consent
document prepared and executed by Landlord expressly consenting to such subletting.

 

26.            HOLDING
OVER.

 

26.1            Holding
Over. Tenant agrees to vacate the Premises at the end of the Term, and Landlord shall be entitled to the benefit of all summary
proceedings to recover possession of the Premises at the end of the Term. If Tenant remains in possession of the Premises after
the expiration of the Term, such action shall not renew this Lease by operation of law and nothing herein shall be deemed as consent
by Landlord to Tenant’s remaining in the Premises. If Tenant fails to vacate the Premises as required, Landlord may consider
Tenant as either (a) a “Tenant-at-Will” (i.e. month-to-month tenant) liable for the payment of rent at
double the then market rate as determined by Landlord or (b) as a “Tenant-Holding Over” liable for an
amount equal to the actual damages incurred by Landlord as a result of Tenant’s holding over, including, without limitation,
all incidental, prospective and consequential damages and attorney’s fees, but in no event shall such amount be less than
an amount equal to twice the Annual Basic Rent, and Additional Rent, reserved hereunder applicable to the period of the holdover.
In either event, all other covenants of this Lease shall remain in full force and effect.

 

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27.            SUBORDINATION
AND ATTORNMENT.

 

27.1            Subordination
and Attornment. This Lease is subject and subordinate to the liens of all mortgages, deeds of trust and other security instruments
now or hereafter placed upon the Building or the Property or any portion thereof and all ground and other underlying leases from
which Landlord’s interest is derived (said mortgages, deeds of trust, other security instruments, and ground leases being
hereinafter referred to as “Mortgages” and the mortgagees, beneficiaries, secured parties, and ground lessors
thereunder from time to time being hereinafter called “Mortgagees”), and to any and all renewals, extensions,
modifications, or refinancings thereof, without any further act of the Tenant. If requested by Landlord, however, Tenant shall
promptly execute any certificate or other document confirming such subordination. Tenant agrees that, if any proceedings are brought
for the foreclosure of any of the Mortgages, Tenant, if requested to do so by the purchaser at the foreclosure sale, shall attorn
to the purchaser, recognize the purchaser as the landlord under this Lease, and make all payments required hereunder to such new
landlord without any deduction or set-off of any kind whatsoever. Tenant waives the provisions of any law or regulation, now or
hereafter in effect, which may give, or purport to give, Tenant any right to terminate this Lease or to alter the obligations
of Tenant hereunder in the event that any such foreclosure or termination or other proceeding is prosecuted or completed.

 

Notwithstanding anything contained herein
to the contrary, any Mortgagee may at any time subordinate the lien of its Mortgages to the operation and effect of this Lease
without obtaining the Tenant’s consent thereto, by giving the Tenant written notice thereof, in which event this Lease shall
be deemed to be senior to such Mortgages without regard to the respective dates of execution and/or recordation of such Mortgages
and this Lease and thereafter such Mortgagee shall have the same rights as to this Lease as it would have had were this Lease executed
and delivered before the execution of such Mortgages.

 

If, in connection with obtaining financing
for the Building, a Mortgagee shall request reasonable modifications in this Lease as a condition to such financing, Tenant will
not unreasonably withhold, delay or defer its consent thereto, provided that such modifications do not materially adversely increase
the obligations of Tenant hereunder, or materially adversely affect the leasehold interest hereby created or Tenant’s use
and enjoyment of the Premises, or increase the amount of Annual Basic Rent Additional Rent payable hereunder.

 

28.            ESTOPPEL
CERTIFICATES.

 

28.1            Estoppel
Certificates. Tenant shall, without charge, at any time and from time-to-time, within fifteen (15) days after receipt of request
therefor by Landlord, execute, acknowledge and deliver to Landlord a written estoppel certificate, in such form as may be determined
by Landlord, certifying to Landlord, Landlord’s Mortgagee, any purchaser of Landlord’s interest in the Building, or
any other person designated by Landlord, as of the date of such estoppel certificate, the following, without limitation: (a) whether
Tenant is in possession of the Premises; (b) whether this Lease is in full force and effect; (c) whether there have
been any amendments to this Lease, and if so, specifying such amendments; (d) whether there are then existing any set-offs
or defenses against the enforcement of any rights hereunder, and if so, specifying such matters in detail; (e) the dates,
if any, to which any rent or other charges have been paid in advance and the amount of any Security Deposit held by Landlord;
(f) that Tenant has no knowledge of any then existing defaults of Landlord under this Lease, or if there are such defaults,
specifying them in detail; (g) that Tenant has no knowledge of any event having occurred that authorizes the termination
of this Lease by Tenant, or if such event has occurred, specifying it in detail; and (h) the address to which notices to
Tenant under this Lease should be sent. Any such certificate may be relied upon by the person or entity to whom it is directed
or by any other person or entity who could reasonably be expected to rely on it in the normal course of business. The failure
of Tenant to execute, acknowledge and deliver such a certificate in accordance with this Subsection 28.1 within fifteen (15) days
after a request therefor by Landlord shall constitute an acknowledgment by Tenant, which may be relied on by any person who would
be entitled to rely upon any such certificate, that such certificate as submitted by Landlord to Tenant is true and correct.

 

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29.            PEACEFUL
AND QUIET POSSESSION.

 

29.1            Peaceful
and Quiet Possession. Tenant, if and so long as it pays all rents due hereunder and performs and observes the other terms
and covenants to be performed and kept by it as provided in this Lease, shall have the peaceable and quiet possession of the Premises
during the Term free of any claims of Landlord or anyone lawfully claiming by, through or under Landlord, subject, however, to
the terms of this Lease and to matters of public record existing as of the date of this Lease.

 

30.            LANDLORD’S
ACCESS TO PREMISES.

 

30.1            Landlord’s
Access to Premises. Landlord and its agents may at any reasonable time and without incurring any liability to Tenant, other
than liability for personal injuries and damages resulting solely from the negligence of Landlord or its agents, enter the Premises
to inspect them or to make alterations or repairs or for any purpose which Landlord considers necessary for the repair, operation,
or maintenance of the Building; provided, however, that in the case of an emergency, Landlord may enter the Premises at any time.
Tenant shall allow the Premises to be exhibited by Landlord (a) at any time to any representative of a lender or to any prospective
purchaser of the Building or Landlord’s interest therein or (b) within six (6) months of the end of the Term to
any persons who may be interested in leasing the Premises. Tenant agrees to provide Landlord with such keys or security access
codes as are necessary to access the Premises in accordance with the foregoing.

 

31.            RELOCATION.

 

31.1            Relocation.
Landlord shall have the right, either before or during the Term, upon not less than thirty (30) days written notice to Tenant,
to change the location of the Premises to another location within the Building, if any, provided that the new location is reasonably
similar in size, utility and appearance. If Tenant is occupying the Premises when Landlord exercises its rights hereunder, Landlord,
at its expense, shall remove, relocate and reinstall Tenant’s equipment (including telephones), furniture and fixtures in
the new premises and redecorate the new premises so that they will substantially resemble the former Premises. Landlord shall
also pay Tenant’s cost of reprinting stationery and business cards. On completion of the change in location of the Premises,
the parties shall execute an amendment to this Lease which sets forth the new description of the Premises and amendments to any
other terms of this Lease, if any, required by the relocation of the Premises.

 

32.            BROKERS,
COMMISSIONS, ETC.

 

32.1            Brokers,
Commissions, Etc. Landlord and Tenant acknowledge, represent and warrant each to the other that, except as listed in Subsection
1.1.F. of this Lease, no broker or real estate agent brought about or was involved in the making of this Lease and that no brokerage
fee or commission is due to any other party as a result of the execution of this Lease. Each of the parties hereto agrees to indemnify
and hold harmless the other against any claim by any broker, agent or finder based upon the execution of this Lease and predicated
upon a breach of the above representation and warranty.

 

    	 	34	 

     

    

 

33.            RECORDATION.

 

33.1            Recordation.
Neither Landlord nor Tenant shall record this Lease, any amendment to this Lease or any other memorandum of this Lease without
the prior written consent of the other party, which consent may be withheld in the sole discretion of either party and, in the
event such consent is given, the party requesting such consent and recording shall pay all transfer taxes, recording fees and
other charges in connection with such recording.

 

34.            MISCELLANEOUS.

 

34.1            Separability.
If any term or provision of this Lease or the application thereof to any person or circumstance shall, to any extent, be invalid
or unenforceable, the remainder of this Lease or the application of such term or provision to persons or circumstances other than
those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term and provision of this Lease
shall be valid and enforceable to the fullest extent permitted by law.

 

34.2            Applicable
Law. This Lease shall be given effect and construed by application of the laws of the state where the Property is located,
and any action or proceeding arising hereunder shall be brought in the courts of the State where the Premises are located.

 

34.3            Authority.
If Tenant is a business organization or partnership, the person executing this Lease on behalf of Tenant represents and warrants
that Tenant is duly organized and validly existing; that this Lease has been authorized by all necessary parties, is validly executed
by an authorized officer or agent of Tenant and is binding upon and enforceable against Tenant in accordance with its terms.

 

If Landlord is a business
organization or partnership, the person executing this Lease on behalf of Landlord represents and warrants that Landlord is duly
organized and validly existing; that this Lease has been authorized by all necessary parties, is validly executed by an authorized
officer or agent of Landlord and is binding upon and enforceable against Landlord in accordance with its terms.

 

34.4            No
Discrimination. Landlord requires the Building be operated in such a manner so that all tenants and their customers, employees,
licensees and invitees shall have an equal opportunity to obtain all the goods, services, accommodations, advantages, facilities
and privileges of the Building without discrimination because of the race, creed, color, sex, age, national origin, ancestry or
handicap. Tenant agrees not to discriminate in the conduct and operation of its business in the Premises against any person or
group of persons because of the race, creed, color, sex, age, handicap, national origin or ancestry of such person or group of
persons.

 

34.5            Integration
of Agreements. This writing is intended by the parties as a final expression of their agreement and is a complete and exclusive
statement of its terms, and all negotiations, considerations and representations between the parties hereto are incorporated herein.
No course of prior dealings between the parties or their agents shall be relevant or admissible to supplement, explain, or vary
any of the terms of this Lease. Acceptance of, or acquiescence to, a course of performance rendered under this Lease or any prior
agreement between the parties or their agents shall not be relevant or admissible to determine the meaning of any of the terms
or covenants of this Lease. Other than as specifically set forth in this Lease, no representations, understandings or agreements
have been made or relied upon in the making of this Lease. This Lease can only be modified by a writing signed by each of the
parties hereto.

 

    	 	35	 

     

    

 

34.6            Third
Party Beneficiary. Except as expressly provided elsewhere in this Lease, nothing contained in this Lease shall be construed
so as to confer upon any other party the rights of a third party beneficiary.

 

34.7            Captions;
Gender. The captions used in this Lease are for convenience only and do not in any way limit or amplify the terms and provisions
hereof. As used in this Lease and where the context so requires, the singular shall be deemed to include the plural and the masculine
shall be deemed to include the feminine and neuter, and vice versa.

 

34.8            Successors
and Assigns. Subject to the express provisions of this Lease to the contrary (e.g., Section 25 of this Lease), the terms,
provisions and covenants contained in this Lease shall apply to, inure to the benefit of, and be binding upon the parties hereto
and their respective heirs, personal representatives, successors and assigns.

 

34.9            Waiver
of Jury Trial. Landlord and Tenant hereby expressly waive trial by jury in any action or proceeding or counterclaim brought
by either party hereto against the other party on any and every matter, directly or indirectly arising out of or with respect
to this Lease, including, without limitation, the relationship of Landlord and Tenant, the use and occupancy by Tenant of the
Premises, any statutory remedy and/or claim of injury or damage regarding this Lease. The provisions of this Subsection 34.9
have been fully discussed by the parties hereto. No party has in any way agreed with or represented to any other party that the
provisions of this Subsection 34.9 will not be fully enforced in all instances.

 

34.10           Joint
and Several Liability. In the event that two (2) or more persons (i.e., natural persons, corporations, partnerships,
associations and other legal entities) shall become liable for Tenant’s obligations hereunder (i.e. such as in the event
of assignment), the liability of each such party to pay all rents due hereunder and perform all the other covenants of this Lease
shall be joint and several. In the event Tenant is a general partnership or a limited partnership with two or more general partners,
the liability of each partner, or general partner, under this Lease shall be joint and several.

 

34.11           Notices.
All notices, demands and requests required under this Lease shall be in writing. All such notices, demands and requests shall
be deemed to have been properly given if sent (i) by United States certified mail, return receipt requested, postage prepaid,
or (ii) by hand delivery, or (iii) by overnight delivery (by a recognized commercial overnight courier service), or
(iv) by electronic mail, in which event it will be deemed received upon the sender’s receipt of evidence of complete
and successful transmission of the entire notice during normal business hours. All notices must be addressed to Landlord or Tenant,
at the Landlord Notice Address and Tenant Notice Address, respectively. Any notice given by electronic mail must be re-sent at
the same time by one of the other methods of delivery in this Subsection. Either party may designate a change of address by written
notice to the other party, in the manner set forth above. Notice, demand and requests which shall be served by certified mail
in the manner aforesaid, shall be deemed to have been given three (3) days after mailing. Notices sent by overnight delivery
shall be deemed to have been given the day after sending. Without intending to limit the generality of the foregoing requirement
that all notices, demands and requests be in writing, there are certain provisions in this Lease where, for emphasis alone, such
requirement is reiterated.

 

    	 	36	 

     

    

 

34.12            Effective
Date of this Lease. Unless otherwise expressly provided, all terms, conditions and covenants by Tenant and Landlord contained
in this Lease shall be effective as of the date first above written.

 

34.13            Construction
Liens. Landlord’s interest in the Premises shall not be subject to liens for improvements made by the Tenant, and Tenant
shall have no power or authority to create any lien or permit any lien to attach to the Premises or to the present estate, reversion
or other estate of Landlord in the Premises herein demised or on the Building or other improvements thereon as a result of improvements
made by Tenant or for any other cause or reason. All materialmen, contractors, artisans, mechanics and laborers and other persons
contracting with Tenant with respect to the Premises or any part thereof, or any such party who may avail himself of any lien
against realty (whether same shall proceed in law or in equity), are hereby charged with notice that such liens are expressly
prohibited and that they must look solely to Tenant to secure payment for any work done or material furnished for improvements
by Tenant or for any other purpose during the term of this Lease. Tenant shall indemnify Landlord against any loss or expenses
incurred as a result of the assertion of any such lien, and Tenant covenants and agrees to transfer any claimed or asserted lien
to a bond or such other security as may be permitted by law within ten (10) days of the assertion of any such lien or claim
of lien. In the event Tenant fails to transfer such lien to a bond or other security within such ten (10) day period, then,
in addition to its other remedies specified in this Lease, Landlord shall have the right to discharge the lien claimed to bond
or other security permitted by law and in any such event, Tenant shall pay all costs so incurred by Landlord immediately upon
demand therefor. Tenant shall advise all persons furnishing designs, labor, materials or services to the Premises in connection
with Tenant’s improvements thereof, of the provisions of this Article.

 

34.14            Waiver
of Right of Redemption. Tenant hereby expressly waives (to the extent legally permissible) for itself and all persons claiming
by, through or under it, any right of redemption or right to restore the operation of this Lease under any present or future law
in the event Tenant is dispossessed for any proper cause, or in the event Landlord shall obtain possession of the Premises pursuant
to the terms of this Lease. Tenant understands that the Premises are leased exclusively for business, commercial and mercantile
purposes and therefore shall not be redeemable under any provision of law.

 

34.15            Mortgagee’s
Performance. If requested by any Mortgagee, Tenant shall give such Mortgagee written notice of any default by Landlord under
this Lease and a reasonable opportunity to cure such default. Tenant shall accept performance of any of Landlord’s obligations
hereunder by any ground lessor or mortgagee relating to the financing of the Property.

 

34.16            Mortgagee’s
Liability. No mortgagee or ground lessor relating to the financing of the Property, not in possession of the Premises or the
Building, shall have any liability whatsoever hereunder.

 

34.17            Schedules.
Each writing or plat referred to herein as being attached hereto as a schedule or exhibit is hereby made a part hereof, with the
same full force and effect as if such writing or plat were set forth in the body of this Lease.

 

    	 	37	 

     

    

 

34.18            Time
of Essence. Time shall be of the essence of this Lease with respect to the performance by Tenant of its obligations hereunder.

 

34.19            Amendment.
This Lease may be amended by and only by an instrument executed and delivered by each party hereto. No amendments of this Lease
entered into by Landlord and Tenant, as aforesaid, shall impair or otherwise affect the obligations of any guarantor of Tenant’s
obligations hereunder, all of which obligations shall remain in full force and effect and pertain equally to any such amendments,
with the same full force and effect as if the substance of such amendments was set forth in the body of this Lease.

 

34.20            Rent
a Separate Covenant. Tenant shall not for any reason withhold or reduce Tenant’s required payments of Rent and other
charges provided in this Lease, it being expressly understood and agreed by the parties that the payment of Rent and Additional
Rent is a covenant by Tenant that is independent of the other covenants of the parties hereunder.

 

34.21            Absence
of Option. The submission of this Lease for examination does not institute a reservation of or option for the Premises, and
this Lease becomes effective only upon execution and delivery thereof by Landlord.

 

34.22            Attorneys’
Fees. Should either party file suit against the other in order to enforce any of its rights under this Lease, then the party
which prevails in such suit shall be entitled to collect from the other party all costs of such suit, including reasonable attorneys’
fees, court costs and such fees as determined by a court of competent jurisdiction. A party shall be deemed to have prevailed
if: (i) it initiated the litigation and substantially obtained the relief it sought, either through a judgment or the losing
party’s voluntary action before arbitration (after it is scheduled), trial, or judgment; (ii) the other party withdraws
its action without substantially obtaining the relief it sought; or (iii) it did not initiate the litigation and the judgment
is entered for either party, but without substantially granting the relief sought by the other party.

 

34.23            Financial
Reports. Within 15 days after Landlord’s request, Tenant will furnish Tenant’s most recent audited financial
statements (including any notes to them) to Landlord, or, if no such audited statements have been prepared, such other financial
statements (and notes to them) as may have been prepared by an independent certified public accountant or, failing those, Tenant’s
internally prepared financial statements. Tenant will discuss its financial statements with Landlord and will give Landlord access
to Tenant’s books and records in order to enable Landlord to verify the financial statements. Landlord will not disclose
any aspect of Tenant’s financial statements that Tenant designates to Landlord as confidential except (a) to Landlord’s
lenders or prospective purchasers of the project, (b) in litigation between Landlord and Tenant, and (c) if required
by court order.

 

35.            ROOF
AND CONNECTING RIGHTS.

 

35.1           Roof
and Connecting Rights. Upon the request of Tenant, Landlord shall install at
Tenant’s sole expense, a satellite dish, antennae and ancillary equipment on the roof of the Building, subject to the following
which shall be deemed to apply during the initial Term of this Lease and any renewal term:

 

(a)            The
location and amount of space for the installation of the antennae and ancillary equipment shall be as designated as the Antennae
and Ancillary Equipment Area on Schedule A attached hereto per mutually agreed to by Landlord and Tenant. It is agreed
that any installation of antennae and ancillary equipment made pursuant to this Section 35.1 shall not exceed 4 feet in diameter
or 6 feet in height;

 

    	 	38	 

     

    

 

(b)            To
the extent Landlord provides the same, Tenant shall reimburse Landlord for all charges for electricity, or other utilities used
in connection with Tenant’s operation and the antennae and ancillary equipment on the roof of the Building;

 

(c)            Tenant
shall, at its expense, obtain any municipal, state or federal permits and/or licenses required for its operations, and each of
Tenant’s permits or licenses shall be submitted to Landlord;

 

(d)            Tenant
assumes full responsibility for the engineering and maintenance of all the equipment installed on its behalf. Tenant shall indemnify
and save harmless Landlord from and against any and all loss, cost (including reasonable attorneys’ fees), damages, expense
and liability (including statutory liability, liability under Workers Compensation laws and construction liens), in connection
with claims or damages as a result of injury or death of any person or property damage, including without limitation repairs, due
to installation and use and/or removal of installations by Tenant or any other acts or negligence of Tenant, Tenant’s agents,
employees, customers, invitees, contractors, and subcontractors in connection with said installation unless such claims or damages
are a result of the misconduct or gross negligence or Landlord, Landlord’s agents, employees, contractors or invitees;

 

(e)            All
costs for such installation, including the cost of electrical equipment, antennas, mounting fixtures and engineering studies, required
by Tenant hereunder, or which are required to comply with Landlord’s site engineering or aesthetic standards, will be at
Tenant’s sole expense. All equipment or other properties attached to or otherwise brought into or onto the Building shall
be at all times the personal property of Tenant except for any permanent modifications to Landlord’s property which shall
become the property of Landlord upon termination of this Lease;

 

(f)             Landlord
shall retain the right to use or allow others to use other roof space on the Building for the purpose of transmitting and receiving
broadcast radio, television, cable television, one-way and two-way communication, microwave transmission and weather radio antennae
and underground. Tenant’s installations shall be installed so as not to interfere with the use or operation of communications
equipment previously installed on the Building by others;

 

(g)            Tenant
and/or its contractors, agents and subcontractors, shall have the unrestricted right of access to the antennae at all times provided
that Tenant complies with the security regulations of the Building and obtains Landlord’s consent prior to entering such
areas;

 

(h)            Tenant
shall keep the antennae and ancillary equipment and the Antennae and Ancillary Equipment Area in good condition and repair and
allow no waste thereon. The antennae and ancillary equipment will be and remain Tenant’s property and Tenant will have the
right at its option to remove same at any time during the term or the termination of the Lease provided that Tenant will seal any
and all holes left by the removal of said equipment. If Tenant has not elected to remove said equipment upon termination or expiration
of the Lease then, at Landlord’s request, Tenant will remove the same and weather seal all of its related equipment and weather
seal any and all holes left by the removal of said equipment.

 

    	 	39	 

     

    

 

The licenses granted by Landlord in this
Section are non-exclusive rights to use such areas in common with Landlord, other tenants of the Building and others entitled
to the use thereof and are subject to easements therein as Landlord may from time to time grant others. Tenant shall not in any
fashion obstruct access to or use of any portion of said areas or in any way interfere with the rights of other persons entitled
to use such areas. These areas licensed to Tenant shall at all times be subject to the exclusive control and management of Landlord
(subject to the provisions hereof).

 

36.            SIGNAGE.

 

36.1           Signage.
Building standard signage is available for Tenant on the directory located in the lobby of the Building as well as the main entrance
to the Property. Other than as expressly provided for herein, Tenant is not permitted to erect any signs in, on or around the
Building without the prior written approval of Landlord.

 

37.            AMENITIES.

 

37.1           Amenities.
The following amenities are available at the Building as of the Lease Execution Date; provided Landlord expressly reserves the
right to modify or discontinue any of the following amenities in its sole discretion, and in no event will any such modification
or discontinuance entitle Tenant to any abatement or reduction of Rent or other damages:

 

		(a)	Childcare facility;

 

		(b)	Corporate dining facility;

 

		(c)	Conference Room and Auditorium;

 

		(d)	On-site, regional bus transfer center;

 

		(e)	After hours card ready access at main building entries;

 

		(f)	Security sweep with building cameras and monitors to
view exterior and interior;

 

		(g)	Health and fitness center.

 

38.            RADON.

 

38.1            Radon.
As required by F.S. 404.056(8), Landlord notifies Tenant as follows: “RADON GAS: Radon is a naturally occurring radioactive
gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are exposed
to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional
information regarding radon and radon testing may be obtained from your county public health unit.”

 

39.            PARKING
AREAS.

 

39.1            Parking
Areas. Landlord shall keep and maintain in good condition any parking areas that may be provided. Landlord reserves the right
to control the method manner and type of parking in parking spaces. Landlord will provide to Tenant (a) one hundred ninety
three (193) unreserved parking spaces, and (b) four (4) reserved parking spaces in locations designated by Landlord,
in each case at no additional charge to Tenant. Tenant shall not use, and shall not allow Tenant’s employees and/or invitees
to use, more than the allocated number of parking spaces provided in this Lease.

 

    	 	40	 

     

    

 

40.            REPRESENTATIONS
AND WARRANTIES.

 

40.1            Tenant’s
Representations and Warranties. Tenant hereby represents, warrants and agrees that: (1) there exists no breach, default
or event of default by Landlord under this Lease, or any event or condition which, with notice or passage of time or both, would
constitute a breach, default or event of default by Landlord under this Lease; (2) this Lease continues to be a legal, valid
and binding agreement and obligation of Tenant; and (3) Tenant has no current offset or defense to their performance or obligations
under this Lease.

 

Tenant hereby waives and releases all demands,
charges, claims, accounts or causes of action of any nature against Landlord or Landlord’s employees or agents, including
without limitation, both known and unknown demands, charges, claims, accounts, and causes of action that have previously arisen
out of or in connection with this Lease.

 

41.            ANTI-TERRORISM
STATUTE COMPLIANCE.

 

41.1            Anti-Terrorism
Statute Compliance. Tenant hereby represents and warrants to Landlord that Tenant is not: (1) in violation of any Anti-Terrorism
Law; (2) conducting any business or engaging in any transaction or dealing with any Prohibited Person, including the making
or receiving or any contribution of funds, goods or services to or for the benefit of any Prohibited Person; (3) dealing
in, or otherwise engaging in any transaction relating to, any property or interest in property blocked pursuant to Executive Order
No. 13224; (4) engaging in or conspiring to engage in any transaction that evades or avoids, or had the purpose of evading
or avoiding, or attempts to violate any of the prohibitions set forth in any Anti-Terrorism Law; or (5) a Prohibited Person,
nor are any of its partners, members, managers, officers or directors a Prohibited Person. As used herein, “Antiterrorism
Law” is defined as any law relating to terrorism, anti-terrorism, money laundering or anti-money laundering activities,
including Executive Order No. 13224 and Title 3 of the USA Patriot Act. As used herein “Executive Order No. 13224”
is defined as Executive Order No. 13224 on Terrorist Financing effective September 24, 2001, and relating to “Blocking
Property and Prohibiting Transactions With Persons Who Commit, or Support Terrorism” - “Prohibited Person”
is defined as (1) a person or entity that is listed in the Annex to Executive Order 13224; (ii) a person or entity
with whom Tenant or Landlord is prohibited from dealing or otherwise engaging in any transaction by any Anti Terrorism Law, or
(iii) a person or entity that is named as a “specially designated national and blocked person” on the most current
list published by the U.S. Treasury Department Office Of Foreign Assets Control as its official website, http://www.treas.gov/ofac/t11sdn.pdf
or at any replacement website or other official publication of such list. “USA Patriot Act” is defined
as the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001”
(Public Law 107-56).

 

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    	 	41	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Lease under their respective seals as of the day and year first above written.

 

	SIGNED, SEALED AND DELIVERED IN THE PRESENCE
    OF:	 	LANDLORD:
	 	 	 
	/s/ Lisa Jensen	 	BLUETT CAPITAL REALTY, INC.,
    a Florida corporation, as Authorized Agent for Landlord
	(Signature)	 	 
	Lisa Jensen	 	By:	/s/ Lori Bluett
	(Printed Name)	 	 	Name:	Lori Bluett
	 	 	 	Title:	President
	/s/ Monica Rookey	 	 
	(Signature)	 	Date:	1/1/18
	Monica Rookey	 	 
	(Printed Name)	 	 
	 	 	 
	 	 	TENANT:
	 	 	 
	/s/ David Heuermann	 	CONTINENTAL BENEFITS, LLC,
    a Florida limited liability company
	(Signature)	 	 
	David Heuermann	 	By:	/s/ Steve Johnson
	(Printed Name)	 	 	Name:	Steve Johnson
	 	 	 	Title:	CFO
	/s/ Tim Kilkelly	 	 
	(Signature)	 	Date:	1/4/18
	Tim Kilkelly	 	 
	(Printed Name)	 	 

 

    	 	42	 

     

    

 

SCHEDULE A

 

PLAT SHOWING LOCATION OF THE PREMISES

 

 

    	 	A-1	 

     

    

 

 

SCHEDULE B

 

Tenant Improvements

 

	TENANT:	CONTINENTAL BENEFITS, LLC, a Florida limited liability company
	 	 
	PREMISES:	Approximately 32,842 square feet of Rental Area on the First (1st) Floor
	 	 
	BUILDING:	Netpark Tampa Bay

 

1.            Tenant’s
Initial Plans; the Tenant Improvements. Tenant desires Landlord to perform certain leasehold improvement work in the Premises
in substantial accordance with the plan or plans now or hereafter attached to this Schedule B and made a part hereof as
Schedule 1 (collectively, the “Initial Plan”). Such work, as shown in the Initial Plan and as more
fully detailed in the Working Drawings (as defined and described in Paragraph 2 below), shall be hereinafter referred to as the
 “Tenant Improvements”. Not later than ten (10) days from the date hereof, Tenant shall furnish to Landlord
such additional plans, drawings, specifications and finish details as Landlord may reasonably request to enable Landlord’s
architects and engineers to prepare mechanical, electrical and plumbing plans and to prepare the Working Drawings, including a
final telephone layout and special electrical connection requirements, if any. All plans, drawings, specifications and other details
describing the Tenant Improvements which have been or are hereafter furnished by or on behalf of Tenant shall be subject to Landlord’s
approval, which Landlord agrees shall not be unreasonably withheld. Landlord shall not be deemed to have acted unreasonably if
it withholds its approval of any plans, specifications, drawings or other details or of any Tenant Delivery Items (as defined in
Paragraph 7 below) because, in Landlord’s reasonable opinion, the work, as described in any such item, or the Tenant Delivery
Items, as the case may be: (a) is likely to adversely affect Building systems, the structure of the Building or the safety
of the Building and/or its occupants; (b) might impair Landlord’s ability to furnish services to Tenant or other tenants
in the Building; (c) would increase the cost of operating the Building; (d) would violate any governmental laws, rules or
ordinances (or interpretations thereof); (e) contains or uses hazardous or toxic materials or substances; (f) would adversely
affect the appearance of the Building; (g) might adversely affect another tenant’s premises; (h) is prohibited
by any ground lease affecting the Building or any mortgage, trust deed or other instrument encumbering the Building; or (i) is
likely to be substantially delayed because of unavailability or shortage of labor or materials necessary to perform such work or
the difficulties or unusual nature of such work. The foregoing reasons, however, shall not be the only reasons for which Landlord
may withhold its approval, whether or not such other reasons are similar or dissimilar to the foregoing. Neither the approval by
Landlord of the Tenant Improvements or the Initial Plan or any other plans, drawings, specifications or other items associated
with the Tenant Improvements nor Landlord’s performance, supervision or monitoring of the Tenant Improvements shall constitute
any warranty by Landlord to Tenant of the adequacy of the design for Tenant’s intended use of the Premises.

 

    	 	B-1	 

     

    

 

2.            Working
Drawings and Budget. Landlord shall prepare or cause to be prepared final working drawings and specifications for the Tenant
Improvements (as approved by Tenant, the “Working Drawings”) based on and consistent with the Initial Plan and
the other plans, drawings, specifications, finish details and other information furnished by Tenant to Landlord and approved by
Landlord pursuant to Paragraph 1 above. Landlord shall simultaneously prepare a budget for the Tenant Improvements (“Proposed
Budget”). Tenant shall give written notice of its approval or disapproval (and reasons for any disapproval) of the Working
Drawings and the Proposed Budget within five (5) days after receipt of same from Landlord by initialing and returning to Landlord
each sheet of the Working Drawings and the Proposed Budget or by executing Landlord’s approval form then in use, whichever
method of approval Landlord may designate. In the event that Tenant does not approve the Working Drawings and/or the Proposed Budget
for any reason, and provided further, that the Working Drawings are consistent with the Initial Plan and any other plans, drawings,
specifications, finish details or other information provided by Tenant pursuant to Paragraph 1 above, Tenant shall, within five
(5) days of receipt of the same, propose to Landlord in writing, changes to the Proposed Budget and/or the Working Drawings
so as to make them acceptable to Tenant and Landlord. Once approved by Landlord and Tenant, the Proposed Budget shall be referred
to herein as the “Budget”.

 

3.            Performance
of the Tenant Improvements. Except as hereinafter provided to the contrary, the Tenant Improvements shall be constructed using
(except as may be stated below or shown otherwise in the Working Drawings) Building standard materials, quantities and procedures
currently in use by Landlord (“Building Standards”) which includes without limitation: 2’ x 4’ parabolic
fluorescent lights with cool white bulbs (1 per 85 square feet of usable space); Armstrong 2’x 2’ white ceiling tiles,
HVAC constant volume air system (based on 1 tone/350 square feet of usable space) including HVAC distribution and balancing; electric
service (120/208 volt, 3-phase); fire sprinkler system to code; perimeter walls smooth and ready for paint; perimeter walls receive
windows in locations agreeable to Landlord and Tenant.

 

4.            Change
Orders. The Tenant Improvements shall be in accordance with Working Drawings as set forth above. To the extent that Tenant
requests changes to the Tenant Improvements which changes increase the budgeted costs to complete the Tenant Improvements, Landlord
shall notify Tenant of the same. If after receiving any such notice, Tenant confirms in writing its request to make the changes,
then the same shall take effect and any increased costs shall be deducted from the Improvement Allowance to the extent available
or reimbursed by Tenant pursuant to Subsection 5.1 of this Lease. If Tenant fails to confirm in writing its request for the requested
changes within five (5) business days of Landlord’s notice, then Landlord shall not be obligated to make any of the
changes and shall proceed to complete the work specified in the Working Drawings. Notwithstanding the foregoing, Landlord shall
in no event be required to perform any work which is not outlined in the Working Drawings if such work substantially increases
the scope of the Tenant Improvements, or requires structural modifications to the Building or delays Landlord’s ability to
substantially complete the Tenant Improvements in accordance with this Lease.

 

    	 	B-2	 

     

    

 

5.            Substantial
Completion. Landlord shall cause the Tenant Improvements to be “substantially completed” on or before the Rent
Commencement Date as specified in Subsection 1.1.D.(2) of the Lease, subject to delays caused by strikes, lockouts, boycotts
or other labor problems, casualties, discontinuance of any utility or other service required for performance of the Tenant Improvements,
unavailability or shortages of materials or other problems in obtaining materials necessary for performance of the Tenant Improvements
or any other matter beyond the reasonable control of Landlord (or beyond the reasonable control of Landlord’s contractors
or subcontractors performing the Landlord Improvements and the Tenant Improvements) and also subject to “Tenant Delays”
(as defined and described in Paragraph 6 below of this Schedule B). The Tenant Improvements shall be deemed to be “substantially
completed” for all purposes under this Schedule B and the Lease if and when (a) Landlord’s architect issues
a written certificate to Landlord and Tenant, certifying that the Tenant Improvements have been substantially completed (i.e.,
completed except for Punchlist Items (as defined below)); and (b) the Tenant Improvements have been sufficiently completed
to allow Tenant’s use of the Premises for the uses permitted under the Lease. For purposes of this Lease, “Punchlist
Items” shall mean any punchlist items specified in the certificate of Landlord’s architect referenced above together
the list of punchlist items mutually agreed upon between the parties. If the Tenant Improvements are not deemed to be substantially
completed on or before the Rent Commencement Date as specified in Subsection 1.1.D.(2) of the Lease, (a) Landlord
agrees to use reasonable efforts to complete the Tenant Improvements as soon as practicable thereafter, (b) the Lease shall
remain in full force and effect, (c) Landlord shall not be deemed to be in breach or default of the Lease or this Schedule
B as a result thereof and Landlord shall have no liability to Tenant as a result of any delay in occupancy (whether for damages,
abatement of Rent or otherwise), and (d) except in the event of Tenant Delays, and notwithstanding anything contained in the
Lease to the contrary, the Rent Commencement Date as specified in Subsection 1.1.D.(2) of the Lease shall be extended
to the date on which the Tenant Improvements are deemed to be substantially completed. At the request of either Landlord or Tenant
in the event of such extensions in the commencement and expiration dates of the term of the Lease, Tenant and Landlord shall execute
and deliver an amendment to the Lease reflecting such extensions. Landlord shall complete the Punchlist Items within a commercially
reasonable period of time following substantial completion of the Tenant’s Improvements.

 

6.            Tenant
Delays. There shall be no extension of the Rent Commencement Date or Termination Date of the term of the Lease as set forth
in Subsection 1.1.D of the Lease if the Tenant Improvements have not been substantially completed on said scheduled Rent Commencement
Date by reason of any delay attributable to Tenant (“Tenant Delays”). Examples of Tenant Delays shall include
without limitation the following:

 

6.1            the
failure of Tenant to furnish all or any plans, drawings, specifications, finish details or the other information required under
Paragraph 1 above on or before the date stated in Paragraph 1 above;

 

6.2            the
failure of Tenant to grant approval of the Working Drawings or to propose revisions to the Working Drawings within the time periods
required under Paragraph 2 above;

 

6.3            the
failure of Tenant to comply with the requirements of Paragraph 4 above;

 

6.4            Tenant’s
requirements for special work or materials, finishes, or installations other than the Building Standards or Tenant’s requirements
for special construction staging or phasing;

 

6.5            any
delays caused by Tenant’s Early Occupancy or Tenant’s Work; or

 

6.6            any
other act or omission of Tenant that causes a delay.

 

    	 	B-3	 

     

    

 

7.            Items
that are the responsibility of Tenant.

 

Tenant shall
be responsible for all costs of furnishing, purchasing, delivering and installing any personal property and leasehold improvements
which are not included in the Working Drawings and the Budget (collectively, “Tenant Delivery Items”) which,
to the extent any of the following are desired by Tenant, may include (without limitation):

 

	Data and voice lines	Lock sets and keying
	Power poles	Keycard access
	Computer room equipment	Electric strikes/latches
	Computer room A/C	Security system
	UPS and accessories	Furniture
	Sound masking	Appliances
	Projectors and screens	Work stations and accessories
	Signage	Restrooms, water heater and accessories
	Drinking fountain	Above building standard items

 

    	 	B-4	 

     

    

 

Schedule 1 to SCHEDULE B

 

Tenant Improvements – Initial Plan

[To be attached when approved by Landlord
and Tenant]

 

    	 	B-1	 

     

    

 

SCHEDULE C

 

RULES AND REGULATIONS

 

1.            Tenant
shall not obstruct or encumber the Common Area, and the sidewalks, driveways, and other public portions of the Property (herein
 “Public Areas”) and such Public Areas shall not be used for any purpose other than ingress and egress to and
from its Premises. Tenant shall not permit any of its employees, agents, licensees or invitees to congregate or loiter in any of
the Public Areas. Tenant shall not invite to, or permit to visit, its Premises persons in such numbers or under such conditions
as may interfere with the use and enjoyment by others of the Public Areas. Fire exits and stairways are for emergency use only,
and they shall not be used for any other purpose. Landlord reserves the right to control, operate, restrict and regulate the use
of the Common Areas, public facilities, and any facilities furnished for the common use of the tenants in such manner as it deems
best for the benefit of the tenants, including but not limited to the allocation of elevators for delivery service, and the right
to designate which Building entrances shall be used for deliveries. No doormat of any kind whatsoever shall be placed or left in
any public hall or outside any entry door of the Premises.

 

2.            No
awnings or other projections shall be attached to the outside walls of the Building. No curtains, blinds, shades or screens shall
be attached to, hung in, or used in connection with any window or door of its Premises, without the consent of Landlord. Such window
or door coverings must be of a quality, type, design and color approved by Landlord and further they must be installed in a manner
approved by Landlord. In order that the Building can and will maintain a uniform appearance to those persons outside of the Building,
each tenant occupying the perimeter areas of the Building shall (a) use only building-standard lighting in areas where lighting
is visible from the outside of the Building and (b) use only building-standard blinds in window areas which are visible from
the outside of the Building.

 

3.            Except
as otherwise provided in the Lease, no sign, insignia, advertisement, lettering, notice or other object shall be exhibited, inscribed,
painted or affixed by Tenant on any part of the exterior or interior of the Premises or the Building or on doors, corridor walls,
the Building directory or in the elevator cabs without the prior approval of Landlord. Landlord shall review the size, color, style,
content and location of any proposed signage. Landlord shall have the right to prohibit any advertising or identifying sign by
Tenant which, in the sole judgment of Landlord, impairs the appearance, reputation, or the desirability of the Building as an office
building comparable to other similar office buildings in the Tampa Bay metropolitan area. Upon Landlord’s approval, Tenant
shall obtain all necessary approvals and permits from governmental or quasi-governmental authorities in connection with such signs.
Further, approved signs shall be inscribed, painted or affixed by signmakers approved by Landlord at Tenant’s sole cost.
In the event of a violation of the foregoing by Tenant, upon written notice from Landlord, Tenant shall refrain from and discontinue
such advertising or identifying sign. In the event that Tenant does not promptly correct said violation, Landlord may remove such
signs without any liability, and may charge the expense incurred in such removal to the Tenant violating this Rule and Tenant
hereby agrees to pay Landlord, as Additional Rent, any such expense promptly upon demand.

 

4.            No
bicycles, vehicles, animals (except those animals officially designated as service animals), fish or birds of any kind shall be
brought into or kept in or about the Premises. Bicycles need to be parked in the bicycle racks.

 

    	 	C-1	 

     

    

 

5.            Nothing
shall be done or permitted by Tenant which would impair or interfere with the use or enjoyment by any other occupant of the Building,
including the playing of music.

 

6.            Nothing
shall be done or permitted in the Premises and nothing shall be brought into, installed or kept in or about the Premises, which
would impair or interfere with any of the HVAC, plumbing, electrical, structural components of the Building or the services of
the Building or the proper and economic heating, cleaning or other services of the Building or the Premises. Tenant nor its employees,
agents, licensees or invitees shall at any time bring or keep upon the Premises any flammable, combustible or explosive fluid,
chemical or substance.

 

7.            No
additional locks or bolts of any kind shall be placed upon any of the windows by Tenant. Duplicate keys for the Premises and restrooms
shall be procured only from Landlord and Landlord may make a reasonable charge therefore. Tenant shall, upon the termination of
the Lease, turn over to Landlord all keys to stores, offices and restrooms. In the event of the loss of any keys furnished by Landlord,
Tenant shall pay to Landlord the cost of replacement locks and Tenant hereby agrees to pay said cost to Landlord, as Additional
Rent, promptly upon demand.

 

8.            Any
delivery or moving of any safes, freight, furniture, packages, boxes, crates or any other such object shall take place at such
time and in such manner so as not to interfere with other occupants of the Building. Tenant hereby acknowledges that this may involve
overtime work for Landlord’s employees. Further, Tenant hereby agrees to reimburse Landlord for extra costs incurred by Landlord
including, but not limited to, Landlord’s right to inspect all objects to be brought into the Building and to exclude from
the Building any objects which may in Landlord’s sole discretion violate the Lease and/or any of these Rules and Regulations.
Tenant hereby agrees to pay any such costs to Landlord, as Additional Rent, promptly upon demand.

 

9.            No
hand trucks shall be used for such moving activities except for those equipped with rubber tires, side guards and such other safeguards
as Landlord shall require.

 

10.            Tenant
shall not use or occupy its Premises, or permit any portion thereof to be used or occupied for telephone or secretarial service,
messenger service, wholesale or discount shop for sale of merchandise, retail service shop, labor union, classroom, company engaged
in the business of renting office or desk space, a hiring or employment agency (it being agreed, however, that this restriction
shall not prohibit Tenant from hiring mortgage professionals for Tenant’s clients in the normal course of Tenant’s
business), or for any use which constitutes a nuisance, or is hazardous, or, in Landlord’s opinion, likely to injure the
reputation of a first-class office building. No tenant shall engage or pay any employee on its Premises, except those actually
employed by such tenant, nor advertise for laborers giving an address at the Building. Except as specifically approved by Landlord
in writing, no tenant shall use or permit the use of its Premises or any part thereof as a restaurant, shop, booth or other stand,
or for the conduct of any business or occupation which predominantly involves direct patronage of the general public, manufacturing,
or the sale at auction of merchandise, goods or property of any kind.

 

11.         Tenant,
before closing and leaving its Premises at any time, shall see that all lights, typewriters, copying machines and other electrical
equipment are turned off. All entrance doors in Tenant’s Premises shall be kept locked when not in use. Entrance doors shall
not be left open at any time.

 

    	 	C-2	 

     

    

 

12.         If
Tenant shall request Landlord to perform any work on the Premises or Property, Tenant shall make such request at the management
office for the Building. Tenant shall not request employees of Landlord to perform any work or do anything outside of their regular
duties, unless under special instructions from Landlord.

 

13.         Canvassing,
soliciting and peddling in the Building are prohibited and Tenant shall cooperate to prevent the same.

 

14.         Tenant
shall not cause or permit any odors of cooking or other processes, or any unusual or objectionable odors, to emanate from its Premises
which would annoy other tenants or create a public or private nuisance. No cooking shall be done in Tenant’s Premises, except
for a household microwave oven or as is expressly permitted in the Lease, or otherwise consented to in writing by the Landlord.

 

15.         All
paneling, doors, trim or other wood products not considered furniture shall be treated with fire retardant materials. Before installation
of any such materials, certification of the materials’ fire retardant characteristics shall be submitted to and approved
by Landlord, and all such materials shall be installed in a manner approved by Landlord.

 

16.         Whenever
Tenant submits any plan, agreement or other document for the consent or approval of Landlord, Landlord may charge, on demand, a
reasonable processing fee for the review thereof, which shall include the cost of any services of an architect, engineer or attorney
employed by Landlord to review such plan, agreement or document. Tenant hereby agrees to pay any such processing fee to Landlord,
as Additional Rent, promptly upon demand.

 

17.         Landlord
shall not be responsible to Tenant for any loss of property from its Premises however occurring, or for any damage done to the
effects of Tenant by Landlord’s janitors or any of its employees, or by any other person or any other cause.

 

18.         When
electric wiring of any kind is introduced, it must be connected as directed by Landlord and no stringing or cutting of wires will
be allowed, except with the prior written consent of Landlord, and shall be done only by contractors approved by Landlord. The
number and locations of telephones, telegraph instruments, electric appliances, call boxes, etc., shall be subject to Landlord’s
approval. Tenant shall not lay linoleum or other similar floor covering so that the same shall be in direct contact with the floor
of the Premises; and if linoleum or other similar floor covering is desired to be used, an interlining of builder’s deadening
felt shall be first affixed to the floor by a paste or other material, the use of cement or other similar adhesive material being
expressly prohibited.

 

19.         Landlord
hereby reserves to itself any and all rights not granted to Tenant hereunder, including, but not limited to, the following rights
which are reserved to Landlord for its purposes in operating the Building:

 

i)            the
exclusive right to use of the name of the Building for all purposes, except that Tenant may use the name as its business address
and for no other purpose;

 

ii)           the
right to change the name or address of the Building, without incurring any liability to Tenant for so doing;

 

iii)          the
right to install and maintain a sign or signs on the exterior of the Building;

 

    	 	C-3	 

     

    

 

iv)          the
exclusive right to use or dispose of the use of the roof of the Building;

 

v)           the
right to limit the space on the directory of the Building to be allotted to Tenant; and

 

vi)          the
right to grant anyone the right to conduct any particular business or undertaking in the Building.

 

20.         Tenant
and its employees shall park their cars only in those portions of the parking area designated by Landlord.

 

21.         Tenant
shall not permit undue accumulations of garbage, trash, rubbish or any other refuse, and will keep such refuse in proper containers
in the interior of the Tenant’s Premises or other places designated by the Landlord. Tenant shall participate in any trash
recycling program reasonably established by Landlord for tenants in the Building.

 

22.         Tenant
shall not conduct or permit any bankruptcy sales, unless directed by order of a court of competent jurisdiction or any fictitious
fire or going out of business sale.

 

23.         Landlord
shall have the right to close and securely lock the Building during generally accepted holidays and during such other times as
Landlord may, in its sole discretion, deem advisable for the security of the Building and its tenants, provided that in any such
event (except in the case of an emergency), Tenant shall have keys or security code access to the Common Areas and Premises at
all times. Landlord shall give Tenant twenty-four (24) hours’ notice before so closing and securely locking the Building
except in an emergency.

 

24.         The
entire Netpark property, except designated smoking areas, is now a smoke-free environment and smoking of any type,
including, without limitation, the smoking of any cigarettes, cigars, pipes or any other lighted tobacco product, is strictly prohibited
in all portions of the Building, including the parking lot and inside vehicles while on the property. Tenant shall require all
of its employees, contractors, customers, vendors, agents, guests, invitees, students and customers, herein after known as “Employees”
to comply with the no smoking provisions of the Lease. As Landlord has established designated smoking areas at the Property;
Tenant shall require all of its Employees to refrain from smoking on the Property other than in such designated smoking areas.

 

We will have signs posted only
where the designated smoking areas are located. Please see attached site plan.

 

No one may smoke along any path way or
walk way leading to or from the designated smoking areas, nor may Employees smoke at the picnic tables nor outdoors in any of the
areas of the parking lots.

 

While Netpark makes these areas available
to smokers, Landlord has no legal responsibility to do so. Employees who choose to use these smoking areas do so at their own risk.
Finally, smokers and users of tobacco products must dispose of the remains in the proper containers. This helps to keep a neat
and clean environment for all Employees and our visiting guests and customers.

 

    	 	C-4	 

     

    

 

As a courtesy to non-smokers and all guests
to our building, we ask that you please adhere to the following guidelines:

 

		1.	Please use designated smoking areas only.

 

		2.	Please use the smoking urns provided for disposal of ashes and cigarettes.

 

		3.	Do not discard of cigarette waste on sidewalks, planters or building
landscape.

 

All persons are hereby advised that
smoking where prohibited constitutes a noncriminal violation punishable by a fine of not more than $25 for the first violation
and not more than $50 for each subsequent violation.

 

The full cooperation of all supervisors
and Employees is expected to ensure that this smoking policy is enforced.

 

Tenant is responsible that all their Employees
receive and abide by all smoking policies and rules and regulations.

 

If this policy is abused by the tenant’s
Employees, the next step will be to make Netpark a completely non-smoking site.

 

25.            Landlord
reserves the right to rescind, alter, waive or add any rule or regulation at any time prescribed for the Building when Landlord
deems it necessary or desirable for the reputation, safety, character, security, care, appearance or interests of the Building,
the preservation of good order therein, the operation or maintenance of the Building or the equipment thereof, or the comfort of
tenants or others in the Building. No rescission, alteration, waiver or addition of any rule or regulation with respect to
one tenant shall operate as a rescission, alteration or waiver in respect of any other tenant.

 

    	 	C-5	 

     

    

 

SCHEDULE D

 

Commencement Date Certificate

 

TERM –COMMENCEMENT DATE CERTIFICATE

 

THIS COMMENCEMENT DATE CERTIFICATE is entered
into by Landlord and Tenant pursuant to Subsection 5.5 of that certain Office Lease dated as of ________, 201__,
executed by and between Landlord and Tenant (the “Lease”).

 

1.            Definitions.
In this Certificate, the following terms have the meanings given to them:

 

(a)            Landlord:
BLUETT CAPITAL REALTY, INC., a Florida corporation, as Authorized Agent for Landlord.

 

(b)            Tenant:
CONTINENTAL BENEFITS, LLC, a Florida limited liability company.

 

(c)            Lease:
Office Lease dated as of _____, 201___, between Landlord, and Tenant.

 

(d)            Premises:
Suite 1417, consisting of approximately 32,842 square feet of rental area in the Building.

 

(e)            Building
Address:              5701 East Hillsborough Avenue

Tampa,
Florida 33610

 

2.            Confirmation
of Term. Landlord and Tenant confirm that the Rent Commencement Date of the Lease is ____________, 201__, and the Termination
Date is ____________, 202___.

 

3.            Acceptance
of the Premises. Tenant accepted the Premises on ____________, 201___, and first occupied the Premises on ____________,
201___.

 

Landlord and Tenant have executed this Commencement
Date Certificate as of the dates set forth below.

 	 	LANDLORD:
	 	 
	 	BLUETT CAPITAL REALTY, INC., a Florida corporation, as Authorized Agent for Landlord
	 	 
	 	 
	 	By:	
	 	 	Name:	 
	 	 	Title:	 
	 	 
	 	Date:	 
	 	 
	 	TENANT:
	 	 
	 	CONTINENTAL BENEFITS, LLC, a Florida limited liability company
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 
	 	Date:	 

 

    	 	D-1	 

     

    

 

SCHEDULE X

 

METHOD OF BUILDING MEASUREMENT FOR OFFICE
SPACE

 

I.            SINGLE-TENANCY
FLOORS

 

The Rental Area of a single-tenancy floor shall be the area
within the outside walls computed by measuring from the inside surface of the window glass to the inside surface of the opposite
window glass including columns and projections necessary to the building as well as accessory areas within and exclusively serving
only that floor, with their enclosing walls, toilets, janitors closets, electrical closets, air-conditioning rooms and fan rooms
and telephone closets, together with zero percent (0%) of the sum so determined as a “Common Area Factor”. Rental
Area will not include penetrations made by public stairs, fire towers, public elevator shafts, flues, vents, stacks, pipe shafts
and vertical ducts.

 

II.           DIVIDED
FLOORS

 

The Rental Area of an individual office or a portion of a divided
floor shall be the area computed by measuring from the inside surface of the window glass to the finished surface of the corridor
side of corridor partitions and from center to center of the partitions that separate the Premises from adjoining Rental Areas
including columns and projections necessary to the Building together with 15 percent (15%) of the sum so determined as a “Common
Area Factor”.

 

    	 	1Exhibit 10.12

 

MARPAI,
INC.

 

Global
Stock Incentive Plan (2021)

 

		1.	Name
                                            And Purpose.

 

1.1            This
plan, which has been adopted by the Board of Directors of Marpai, Inc. (the “Company”), shall be known as the
Marpai, Inc. Global Stock Incentive Plan (2021), as amended from time to time (the “Plan”).

 

1.2            The
purposes of the Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional
incentive to Service Providers of the Company and its Affiliates and subsidiaries, if any, and to promote the Company’s business
by providing such individuals with opportunities to receive Awards pursuant to the Plan and to strengthen the sense of common interest
between such individuals and the Company’s stockholders.

 

1.3            Awards
granted under the Plan to Service Providers in various jurisdictions may be subject to specific terms and conditions for such grants
may be set forth in one or more separate appendix to the Plan, as may be approved by the Board of Directors of the Company, and to the
extent required by the Stockholders of the Company, from time to time.

 

		2.	Definitions.

 

2.1            Terms
Generally. Except when otherwise indicated by the context, (i) the singular shall include the plural and the
plural shall include the singular; (ii) any pronoun shall include the corresponding masculine, feminine and neuter forms;
(iii) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring
to such agreement, instrument or other document as from time to time amended, restated, supplemented or otherwise modified (subject to
any restrictions on such amendments, restatements, supplements or modifications set forth therein or herein), (iv) references
to any law, constitution, statute, treaty, regulation, rule or ordinance, including any section or other part thereof shall refer to
it as amended from time to time and shall include any successor thereof, (v) reference to a “company”
or “entity” shall include a, partnership, corporation, limited liability company, association, trust, unincorporated organization,
or a government or agency or political subdivision thereof, and reference to a “person” shall mean any of the foregoing or
an individual, (vi) the words “herein”, “hereof” and “hereunder”, and words of similar
import, shall be construed to refer to this Plan in its entirety, and not to any particular provision hereof, (vii) all
references herein to Sections shall be construed to refer to Sections to this Plan; (viii) the words “include”,
 “includes” and “including” shall be deemed to be followed by the phrase “without limitation”; and
(ix) use of the term “or” is not intended to be exclusive.

 

     

     

    

 

2.2            Defined
Terms. The following terms shall have the meanings ascribed to them in this Section 2:

 

“Additional
Rights” means any distribution of rights, including an issuance of bonus stocks and stock dividends (but excluding cash
dividends), in connection with Awards and/or the Stocks issued upon exercise or vesting of Awards.

 

“Administrator”
means the Board of Directors or a Committee.

 

“Affiliate”
means, with respect to any person, any other person that, directly or indirectly through one or more intermediaries, controls, is controlled
by, or is under common control with, such person, including, without limitation, any parent or subsidiary.

 

“Applicable
Law” means any applicable law, rule, regulation, statute, pronouncement, policy, interpretation, judgment, order or decree
of any federal, provincial, state or local governmental, regulatory or adjudicative authority or agency, of any jurisdiction, and the
rules and regulations of any stock exchange, over-the-counter market or trading system on which the Company’s stocks are then traded
or listed.

 

“Appendix”
means any appendix to the Plan adopted by the Board of Directors containing country-specific or other special terms relating to Awards
including additional terms with respect to grants of certain types of equity-based Awards.

 

“Award”
means a grant of Options or Restricted Stock Units or allotment of Stocks (including Restricted Stocks) or other equity-based awards
under the Plan including any Additional Rights thereunder. All Awards shall be confirmed by an Award Agreement, and subject to the terms
and conditions of such Award Agreement.

 

“Award
Agreement” means a written or electronic instrument setting forth the terms applicable to a particular Award.

 

“Board
of Directors” or “Board” means the board of directors of the Company.

 

“Cause”
shall, with regard to each specific Participant, have the same meaning ascribed to such term or a similar term as set forth in any agreements
and/or the Participant’s employment agreement or other documents to which the Company or any of its parent, subsidiaries and/or
Affiliates and the Participant are a party concerning the provision of services by the Participant to the Company or any of its parent,
subsidiaries and/or Affiliates, or, in the absence of such a definition: (a) the commission of a crime of moral turpitude,
unless the Board determines that such conviction will not adversely affect the Company or any of its parent, subsidiaries and/or Affiliates,
or their reputation, or the ability of the Participant’s to serve the Company or any of its parent, subsidiaries and/or Affiliates;
(b) any act of personal dishonesty by the Participant in connection with the Participant’s responsibilities to the
Company or any of its parent, subsidiaries and/or Affiliates, including, but not limited to, theft, embezzlement, or self-dealing, (c)
any material breach (as determined by the Company in its sole discretion) by the Participant engagement in competing activities, any
disclosure of confidential information of the Company or any of its parent, subsidiaries and/or Affiliates or breach of any obligation
not to violate a restrictive covenant; (d) a material breach of the Participant’s employment agreement or the agreement governing
the provision of services by a non-employee Service Provider which are not cured (if curable) within seven (7) days after receipt of
written notice thereof; or (e) any other circumstances under which severance pay (or part of them) may be denied from the Participant
upon termination of employment under any Applicable Law.

 

    2

     

    

 

“Committee”
means a compensation committee or other committee as may be appointed and maintained by the Board of Directors, in its discretion, to
administer the Plan, to the extent permissible under Applicable Law, as amended from time to time.

 

“Consideration”
means with respect to outstanding Awards, the right to receive, for each Stock subject to the Award immediately prior to the Transaction,
the consideration (whether stocks, cash, or other securities or property) received in the Transaction by holders of Stocks of the Company
for each Stock held on the effective date of the Transaction (and if holders were offered a choice of consideration, the type of consideration
determined by the Administrator, at its sole discretion); provided, however, that if the consideration received in the Transaction
is not solely shares of common stock or ordinary shares (or the equivalent), the Administrator may provide for the per stock consideration
to be received for an outstanding Award to be solely shares of common stock or ordinary shares or other type of awards (or the equivalent)
of the successor corporation or its direct or indirect parent equal in fair market value to the per stock consideration received by holders
of Stocks in the Transaction, all as determined by the Administrator.

 

“Consultant”
means any entity or individual who (either directly or, in the case of an individual, through his or her employer) is an advisor or consultant
to the Company or its subsidiary or Affiliate.

 

“Corporate
Charter” means the Articles of Association or Certificate of Incorporation of the Company or any similar document, and
any subsequent amendments or replacements thereto.

 

“Disability”
shall have the meaning ascribed to such term or a similar term in the Participant’s employment agreement (where applicable), or
in the absence of such a definition, the inability of the Participant, in the opinion of a qualified physician acceptable to the Company,
to perform the major duties of the Participant’s position with the Company because of the sickness or injury of the Participant
for a consecutive period of 180 days.

 

“Fair
Market Value” means, as of any date, the value of Stocks, determined as follows:

 

(i)            If
the Stocks are listed on any established securities exchange, the Fair Market Value of a Stock shall be (a) the closing
sales price for such stocks (or the closing bid, if no sales were reported) as traded on such exchange or market (or the exchange or
market with the greatest volume of trading in the Stocks) on the last market trading day prior to the day of determination, as reported
in a recognized daily business newspaper or internet site or such other source as the Board deems reliable, or (b) to the
extent required under the rules of the securities exchange in which the Stocks are traded, as determined in accordance with these rules.

 

(ii)          In
the absence of such exchanges for the Stocks, or in case of any other securities, property or rights, the Fair Market Value shall be
determined in good faith by the Board of Directors in its sole discretion, with full authority to determine the method for making such
determination and which determination shall be conclusive and binding on all parties.

 

“IPO”
means an initial offering of the Company’s Stocks to the public in an underwritten offering under an applicable registration statement.

 

    3

     

    

 

“Liquidation”
means the liquidation, dissolution or winding up of the Company, whether voluntary or involuntary.

 

“Options”
means options to purchase Stocks awarded under the Plan subject to the terms and conditions of Section 9.

 

“Parent”
means any company (other than the Company), which now exists or is hereafter organized, in an unbroken chain of companies ending with
the Company if, at the time of granting an Award, each of the companies (other than the Company) owns stocks possessing fifty percent
(50%) or more of the total combined voting power of all classes of stocks in one of the other companies in such chain,

 

“Participant”
means a recipient of an Award hereunder who executes an Award Agreement.

 

“Restricted
Stocks” means an Award of Stocks under this Plan that is subject to the terms and conditions of Section ‎7.

 

“Restricted
Stock Units” means an Award entitling a Participant to receive Stocks under this Plan that is subject to the terms and
conditions of Section ‎8.

 

“Service
Provider” means an employee, director, office holder or Consultant of the Company or its parent or subsidiary or Affiliate.

 

“Stocks”
means common stocks of the Company, nominal value US$ 0.0001 per stock (as adjusted for stock split, reverse stock split, bonus stocks,
combination or other recapitalization events), or stocks of such other class of stocks of the Company as shall be designated by the Board
in respect of the relevant Award(s). Stocks include any securities, property or rights issued or distributed with respect thereto.

 

“Subsidiary”
means any company (other than the Company), which now exists or is hereafter organized or acquired by the Company, in an unbroken chain
of companies beginning with the Company if, at the time of granting an Award, each of the companies other than the last company in the
unbroken chain owns stocks possessing fifty percent (50%) or more of the total combined voting power of all classes of stocks in one
of the other companies in such chain.

 

“Transaction”
means each of the following events: (i) a merger (including, a reverse merger and a reverse triangular merger) or consolidation
of the Company with or into another corporation resulting in such other corporation being the surviving entity or the direct or indirect
parent of the Company or resulting in the Company being the surviving entity and there is a change in the ownership of stocks of the
Company, such that another person or entity owning fifty percent (50%) or more of the outstanding voting power of the Company’s
securities by virtue of the transaction, (ii) an acquisition of all or a majority of the stocks of the Company or a purchase
by a stockholder of the Company or by an Affiliate of such stockholder, of all the stocks of the Company held by all or substantially
all other stockholders or by other stockholders who are not Affiliated with such acquiring party, or (iii) the sale and/or
transfer (including by way an exclusive license) of all or substantially all of the assets of the Company; or (iv) such
other transaction with a similar effect, as shall be determined by the Board.

 

    4

     

    

 

		3.	Administration
                                            of the Plan.

 

3.1            The
Plan will be administered by the Administrator. If the Administrator is a Committee, such Committee will consist of such number of members
of the Board of Directors of the Company (not less than two in number), as may be determined from time to time by the Board of Directors.
The Board of Directors shall appoint such members of the Committee, may from time to time remove members from, or add members to, the
Committee, and shall fill vacancies in the Committee however caused.

 

3.2            The
Committee, if appointed, shall select one of its members as its Chairman and shall hold its meetings at such times and places as it shall
determine. Actions at a meeting of the Committee at which a majority of its members are present or acts approved in writing by all members
of the Committee shall be the valid acts of the Committee. The Committee may appoint a secretary, who shall keep records of its meetings
and shall make such rules and regulations for the conduct of its business and the implementation of the Plan, as it shall deem advisable,
subject to the directives of the Board of Directors and in accordance with Applicable Law.

 

3.3            Subject
to the general terms and conditions of the Plan, and in particular Section ‎3.4 below, the Administrator shall have full authority
in its discretion, from time to time and at any time, to determine (i) eligible Participants, (ii) grants
of Awards, including the number of Options, Stocks, Restricted Stock Units or other equity based awards to be covered by each Award,
(iii) the time or times at which the Award shall be granted, (iv) the vesting schedule and other terms and
conditions applying to Awards, including acceleration provisions, (v) the form(s) of written agreements applying to Awards,
(vi) to accelerate, continue, extend or defer the exercisability of any Award or the vesting thereof, including with respect
to the period following a Participant’s termination of employment or other service, (vii) the interpretation of this
Plan and any Award Agreement and the meaning, interpretation and applicability of terms referred to in Applicable Law, (viii)
he Fair Market Value of the Stocks or other securities, property or rights, (ix) the authorization and approval of conversion,
substitution, cancellation or suspension under and in accordance with this Plan of any or all Awards or Stocks, (x) the
amendment, modification, waiver or supplement of the terms of each outstanding Award, unless otherwise provided under the terms of this
Plan, (xi) to correct any defect, supply any omission or reconcile any inconsistency in this Plan or any Award Agreement
and all other determinations and take such other actions with respect to this Plan or any Award as it may deem advisable (to the extent
not inconsistent with the provisions of this Plan or Applicable Law), and (xii) any other matter which is necessary or
desirable for, or incidental to, the administration of the Plan and the granting of Awards. The Board of Directors may, in its sole discretion,
delegate some or all of the powers listed above to the Committee, to the extent permitted by the Applicable Law, the Company’s
corporate documents or other Applicable Law.

 

3.4            No
member of the Board of Directors or of the Committee shall be liable for any action or determination made in good faith with respect
to the Plan or any Award granted hereunder. Subject to the Company’s decision and to all approvals legally required, each member
of the Board of Directors or the Committee shall be indemnified and held harmless by the Company against any cost or expense (including
counsel fees) reasonably incurred by him or her, or any liability (including any sum paid in settlement of a claim with the approval
of the Company) arising out of any act or omission to act in connection with the Plan unless arising out of such member’s own willful
misconduct or bad faith, to the fullest extent permitted by Applicable Law. Such indemnification shall be in addition to any rights of
indemnification the member may have as a director or otherwise under the Company’s corporate documents, any agreement, any vote
of stockholders or disinterested directors, insurance policy or otherwise.

 

    5

     

    

 

3.5            The
interpretation and construction by the Administrator of any provision of the Plan or of any Award hereunder shall be final and conclusive.
In the event that the Board appoints a Committee, the interpretation and construction by the Committee of any provision of the Plan or
of any Award hereunder shall be conclusive unless otherwise determined by the Board of Directors. To avoid doubt, the Board of Directors
may at any time exercise any powers of the Administrator, notwithstanding the fact that a Committee has been appointed.

 

3.6            The
Administrator shall have the authority to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan
and perform all acts, including the delegation of its responsibilities
(to the extent permitted by Applicable Law and applicable stock exchange rules), as it shall, from time to time, deem advisable; to construe
and interpret the terms and provisions of the Plan and any Award issued under the Plan (and any agreements relating thereto); and to
otherwise supervise the administration of the Plan. The Administrator may correct any defect, supply any omission or reconcile any inconsistency
in the Plan or in any agreement relating thereto in the manner and to the extent it shall deem necessary to effectuate the purpose and
intent of the Plan, as further detailed in Section ‎13.2 below.

 

3.7            Without
limiting the generality of the foregoing and subject to any Applicable
Law, the Administrator may adopt special appendices and/or guidelines and provisions for persons who are residing in or employed in,
or subject to, the taxes of, any domestic or foreign jurisdictions, to comply with Applicable Laws, regulations, or accounting, listing
or other rules with respect to such domestic or foreign jurisdictions.

 

		4.	Eligible
                                            Participants.

 

4.1            No
Award may be granted pursuant to the Plan to any person serving as a member of the Committee or to any other director or officer of the
Company at the time of the grant, unless such grant is approved in the manner prescribed for the approval of compensation of directors
and office holders under the Applicable Law.

 

4.2            Subject
to the limitation set forth in Section ‎4.1 above and any restriction imposed by Applicable Law, Awards may be granted to any Service
Provider of the Company or its Affiliates. The grant of an Award to a Participant hereunder shall neither entitle such Participant to
receive an additional Award or participate in other incentive plans of the Company, nor disqualify such Participant from receiving an
additional Award or participating in other incentive plans of the Company. Awards may differ in number of Stocks covered thereby, the
terms and conditions applying to them or on the Participant or in any other respect as determined by the Administrator.

 

    6

     

    

 

		5.	Reserved
                                            Stocks.

 

The
Company shall determine the number of Stocks reserved hereunder from time to time, and such number may be increased or decreased by the
Company from time to time. Any Stocks under the Plan, in respect of which the right hereunder of a Participant to purchase and/or receive
the same shall for any reason terminate, expire or otherwise cease to exist, shall again be available for grant as Awards under the Plan.
Any Stocks that remain unissued and are not subject to Awards at the termination of the Plan shall cease to be reserved for purposes
of the Plan. Until termination of the Plan the Company shall at all times reserve a sufficient number of Stocks to meet the requirements
of the Plan.

 

		6.	Award
                                            Agreement.

 

6.1            The
Board of Directors in its discretion may award to Participants Awards available under the Plan. Each Award granted pursuant to this Plan
shall be evidenced by an Award Agreement which will be set forth the terms of the Award. The Award Agreement shall comply with and be
subject to the following general terms and conditions and the provisions of this Plan, unless otherwise specifically provided in such
Award Agreement or terms prescribed by Applicable Law. Award Agreements need not be in the same form and may differ in the terms and
conditions included therein.

 

6.2            The
date of grant of each Award shall be the date specified by the Board of Directors at the time such award is made, or in the absence of
such specification, the date of approval of the Award by the Board of Directors.

 

6.3            The
Award Agreement shall state, inter alia, the number of Options or Stocks, Restricted Stocks, Restricted Stock Units, or any applicable
equity-based units covered thereby, the type of Option or Stock-based or other grant awarded, the vesting schedule, the exercise price,
if applicable and any special terms applying to such Award (if any), including the terms of any country-specific or other applicable
Appendix, as determined by the Board of Directors.

 

6.4            A
Participant shall not have any rights with respect to such Award, unless and until such Participant has delivered a fully executed copy
of the Award Agreement evidencing the Award to the Company and has otherwise complied with the applicable terms and conditions of such
Award.

 

		7.	Restricted
                                            Stocks.

 

7.1            Eligibility.
Restricted Stocks may be issued to all Participants at any time, either alone or in addition to other Awards granted under the Plan.
The Administrator shall determine the eligible Participants to whom, and the time or times at which, grants of Restricted Stocks will
be made, the number of Stocks to be awarded, the purchase price (if any) to be paid by the Participant (subject to Section ‎7.2),
the time or times at which such Awards may be subject to forfeiture (if any), the vesting schedule (if any) and rights to acceleration
thereof, and all other terms and conditions of the Awards as shall be set forth in the Award Agreement. The Administrator may condition
the grant or vesting of Restricted Stocks upon the attainment of specified performance targets or such other factors as the Administrator
may determine, in its sole discretion. Unless otherwise determined by the Administrator, the Participant shall not be permitted to sell,
assign, transfer, pledge, hypothecate or otherwise dispose of, except by will or the laws of descent and distribution (in which case
the transfer shall be subject to all restrictions then or thereafter applicable thereto) Restricted Stocks awarded and/or any Additional
Rights thereunder under this Plan during a period set by the Administrator (if any) (the “Restriction Period”)
commencing with the date of such Award, as set forth in the applicable Award Agreement.

 

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7.2            Terms.
The purchase price of Restricted Stocks shall be determined by the Administrator but shall not be less than as permitted under Applicable
Law. Awards of Restricted Stocks shall be accepted by executing an Award Agreement and by paying whatever price (if any) the Administrator
has designated thereunder.

 

7.3            Legend.
Each Participant receiving Restricted Stocks shall be issued a stock certificate in respect of such Restricted Stocks, unless the Administrator
elects to use another system, such as book entries by the transfer agent, as evidencing ownership of Restricted Stocks. Such certificate
shall be registered in the name of such Participant, and shall bear an appropriate legend referring to the terms, conditions, and restrictions
applicable to such Award, substantially in the following form (as well as other legend required by the Administrator pursuant to Section
 ‎19.4 below):

 

“THE
ANTICIPATION, ALIENATION, ATTACHMENT, SALE, TRANSFER, ASSIGNMENT, PLEDGE, ENCUMBRANCE OR CHARGE OF THE STOCKS REPRESENTED HEREBY ARE
SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING FORFEITURE) OF THE MARPAI, INC. GLOBAL INCENTIVE PLAN (2021), AND AN AWARD AGREEMENT ENTERED
INTO BETWEEN THE REGISTERED OWNER AND THE COMPANY DATED _________. COPIES OF SUCH PLAN AND AWARD AGREEMENT ARE ON FILE AT MARPAI, INC.”

 

7.4            Custody.
The Administrator may require that any stock certificates evidencing such stocks and/or Additional Rights be held in custody by the Company
or any third party determined by the Company, until the restrictions thereon shall have lapsed, and that, as a condition of any Restricted
Stocks Award, the Participant shall have delivered a duly signed stock transfer deed, endorsed in blank, relating to the Stocks covered
by such Award.

 

7.5           Rights
as Stockholder. Except as provided in this Section and Sections ‎7.3 and ‎7.4 above and as otherwise determined by the
Administrator and set forth in the Award Agreement, the Participant shall have, with respect to the Restricted Stocks and/or, all of
the rights of a holder of Stocks including, without limitation, the right to receive any dividends, the right to vote such stocks and,
subject to and conditioned upon the full vesting of Restricted Stocks, the right to tender such stocks.

 

7.6           Lapse
of Restrictions. If and when the Restriction Period expires without a prior forfeiture of the Restricted Stocks subject to such Restriction
Period, the certificates for such stocks shall be delivered to the Participant. All legends shall be removed from said certificates at
the time of delivery to the Participant except as otherwise required by Applicable Law. Notwithstanding the foregoing, actual certificates
shall not be issued to the extent that book entry recordkeeping is used.

 

		8.	Restricted
                                            Stock Units and Other Equity-Based Awards.

 

8.1            Eligibility.
Restricted Stock Units may be granted to all Participants at any time and from time to time as determined by the Administrator, either
alone or in addition to other Awards granted under the Plan. The Administrator shall determine the eligible Participants to whom, and
the time or times at which, grants of Restricted Stock Units will be made, the number of Restricted Stock Units to be awarded, the number
of Stocks subject to the Restricted Stock Units, the vesting schedule and rights to acceleration thereof, and all other terms and conditions
of the Awards as shall be set forth in the Award Agreement. The Administrator may condition the grant or vesting of Restricted Stock
Units upon the attainment of specified performance targets or such other factors as the Administrator may determine, in its sole discretion.

 

    8

     

    

 

8.2            Vesting
of Restricted Stock Units. Stocks shall be issued to or for the benefit of Participant promptly following each vesting date determined
by the Administrator, provided that Participant is still a Service Provider on the applicable vesting date. After each such vesting date,
and subject to Section ‎17, the Company shall promptly cause to be issued for the benefit of Participant Stocks with respect to
Restricted Stock Units that became vested on such vesting date. It is clarified that no Stocks shall be issued pursuant to the Restricted
Stock Units to Participant until the vesting criteria determined by the Administrator is met.

 

8.3            Terms.
Prior to the actual issuance of any Stocks, each Restricted Stock Unit will represent an unfunded and unsecured obligation of the Company,
payable only from the general assets of the Company.

 

8.4            Rights
as Stockholder. A Participant holding Restricted Stock Units shall not be, nor have any of the rights or privileges of, a stockholder
of the Company in respect of any Stocks issuable upon the vesting of any part of the Restricted Stock Units unless and until such Stocks
shall have been issued by the Company to such Participant (as evidenced by the appropriate entry on the books of the Company or of a
duly authorized transfer agent of the Company). No adjustment will be made for a dividend or other right for which the record date is
prior to the date the Stocks are issued, unless otherwise provided herein.

 

8.5            Custody.
The Administrator may require that any Restricted Stock Unit and/or Additional Rights thereunder be held in custody by the Company or
any third party determined by the Company until the lapse of the vesting period thereof and the issuance of Stocks.

 

8.6            Other
Equity-Based Awards. Other equity-based awards (including, without limitation, performance stock awards) may be granted either alone
or in addition to or other Awards granted under the Plan to all eligible Participants pursuant to such terms and conditions as the Administrator
may determine, including without limitation, in one or more appendix adopted by the Administrator and appended to this Plan.

 

		9.	Options.

 

9.1            Eligibility.
Options may be issued to all Participants at any time, either alone or in addition to other Awards granted under the Plan. The Administrator
shall determine the eligible Participants to whom, and the time or times at which, grants of Options will be made, the number of stocks
to be subject to the Options, the exercise price to be paid by the Participant (subject to Section ‎9.2), the vesting schedule
and rights to acceleration thereof, and all other terms and conditions of the Awards as shall be set forth in the Award Agreement. The
Administrator may condition the grant or vesting of Options upon the attainment of specified performance targets or such other factors
as the Administrator may determine, in its sole discretion. Unless otherwise determined by the Administrator, the Participant shall not
be permitted to sell, assign, transfer, pledge, hypothecate or otherwise dispose of, except by will or the laws of descent and distribution
(in which case the transfer shall be subject to all restrictions then or thereafter applicable thereto) Options awarded under this Plan.

 

    9

     

    

 

9.2            Vesting.
Options shall be exercisable pursuant to the terms of the Award Agreement and subject to the terms and conditions of the Plan and
any applicable Appendix, as specified in the Award Agreement. The Administrator shall have the authority to determine the vesting schedule
and accelerate the vesting of any outstanding Award at such time and under such circumstances as it, in its sole discretion, deems appropriate.
Unless otherwise resolved by the Administrator and stated in the Award Agreement, and subject to Section ‎10 hereof, Options shall
vest and become exercisable under the following schedule: twenty-five percent (25%) of the Stocks covered by the Options, on the first
anniversary of the vesting commencement date determined by the Administrator (and in the absence of such determination, of date on which
such Options were granted), and six and one-quarter percent (6.25%) of the Stocks covered by the Options at the end of each subsequent
three-month period thereafter over the course of the following three (3) years; provided that the Participant remains continuously as
a Service Provider of the Company or its Affiliates throughout such vesting dates. The Administrator may condition the vesting of Options
upon the attainment of specified performance targets or such other factors as the Administrator may determine, in its sole discretion.

 

9.3            Exercise
Price. The exercise price for each stock to be issued upon exercise of an Option shall be such price as is determined by the Board
of Directors in its discretion, provided that the price per Stock is not less than the nominal value of each Stock, or to the extent
required pursuant to Applicable Law to qualify for favorable tax treatment (as determined by the Administrator), not less than 100% of
the Fair Market Value of a Stock on the date of grant.

 

9.4            Manner
of Exercise. An Option, or any part thereof, shall be exercisable by the Participant’s signing and returning to the Company
at its principal office, a “Notice of Exercise” in such form and substance as may be prescribed by the Board of Directors
from time to time, together with full payment for the Stocks underlying such Option, and the execution and delivery of any other document
required pursuant to the applicable Award Agreement.

 

9.5            Each
payment for Stocks under an Option shall be in respect of a whole number of Stocks, shall be affected in (i) cash, or (ii)
by check payable to the order of the Company, or (iii) if the Company’s stocks are listed for trading on
any securities exchange or over-the-counter market, and if the Administrator so determines, all or part of the exercise price and any
withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker
approved by the Company to sell Stocks and to deliver all or part of the sales proceeds to the Company or the Trustee, or (iv)
if the Company’s stocks are listed for trading on any securities exchange or over-the-counter market, and if the Administrator
so determines, all or part of the exercise price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company)
of an irrevocable direction to pledge Stocks to a securities broker or lender approved by the Company, as security for a loan, and to
deliver all or part of the loan proceeds to the Company, or (v) such other method of payment acceptable to the Company
as determined by the Administrator, and shall be accompanied by a notice stating the number of Stocks being paid for thereby.

 

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9.6            Rights
as Stockholder. Until the Stocks are issued (as evidenced by the appropriate entry in the stock register of the Company or of a duly
authorized transfer agent of the Company) a Participant shall have no right to vote or right to receive dividends or any other rights
as a stockholder shall exist with respect to such Stocks, notwithstanding the exercise of the Option. Subject to Section ‎17, The
Company shall issue (or cause to be issued) such Stocks promptly after the Option is exercised. No adjustment will be made for a dividend
or other right for which the record date is prior to the date the Stocks are issued, except as provided in Section ‎11 of the Plan.
No Stocks shall be issued until payment has been made or provided for, as provided herein.

 

9.7            Restrictions.
The Administrator may designate certain periods, at its reasonable discretion, with respect to all or certain groups of Participants
and/or with respect to certain types of Awards, during which the vesting and/or exercise of Options and/or sale of Stocks thereunder
shall be restricted or prohibited, including without limitation, in order to comply with Applicable Laws in any relevant jurisdiction
and/or rules of any exchange on which the Company’s stocks are traded. During such blackout periods, Participants will not be able
to exercise the Options and/or receive and/or sell the Stocks held by or on behalf of the Participants and the Company shall not bear
any liability to Participants for any claim, loss or liability that may result from such restrictions.

 

9.8            Custody.
The Administrator may require that any Option and any Stock issued thereunder and any Additional Rights be held in custody by the Company
or any third party determined by the Company.

 

		10.	Termination
                                            of Relationship as Service Provider.

 

10.1          Effect
of Termination; Exercise after Termination. Any unvested Awards as of the Date of Termination shall terminate effective as of the
Date of Termination, and the Stocks covered by the unvested portion of the Award shall revert to the Plan. Unless otherwise determined
by the Administrator, if a Participant ceases to be a Service Provider, such Participant may exercise its outstanding Options within
such period of time as is specified in the Award Agreement or the Plan to the extent that the Options are vested on the Date of Termination
(but in no event later than the expiration of the term of the Option as set forth in the Award Agreement). If, after termination, the
Participant does not exercise the vested Options within the time specified in the Award Agreement or the Plan, the Option shall terminate,
and the Stocks covered by such Option shall revert to the Plan. In the absence of a provision specifying otherwise in the relevant
Award Agreement or unless otherwise resolved by the Administrator, then:

 

(a)  
In the event that the Participant ceases to be a Service Provider for any reason other than termination for Cause, or as a result of
Participant’s death or Disability, then (i) the vested Options shall remain exercisable until the earlier of: (a)
a period of three (3) months from the Date of Termination; or (b) expiration of the term of the Option as set forth
in Section ‎14.  

 

(b)  
In the event that the Participant ceases to be a Service Provider as a result of Participant’s Disability or death, then the vested
Options shall remain exercisable until the earlier of: (a) a period of twelve (12) months from the Date of Termination;
or (b) expiration of the term of the Option as set forth in Section ‎14.

 

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(c)  
In the event that the Participant ceases to be a Service Provider for Cause, then all Options will terminate immediately upon the date
of such termination for Cause, such that the unvested portion of the Awards will not vest, and the vested portion of the Awards will
no longer be exercisable (if applicable), unless otherwise determined by the Administrator. In addition, any Stocks issued upon exercise
or (if applicable) vesting of Awards including any Additional Rights thereunder, whether held by the Participant or in custody for the
Participant’s benefit, shall be deemed to be irrevocably offered for sale to the Company, any of its Affiliates or any person designated
by the Company to purchase, at the Company’s election and subject to Applicable Law, either for no consideration, for the par value
of such Stocks or against payment of the exercise price paid with respect to such Stocks upon their issuance, as the Administrator deems
fit, upon written notice to the Participant at any time after the Participant’s termination of employment or service. Such Stocks
or other securities shall be sold and transferred within 30 days from the date of the Company’s notice of its election to exercise
its right. If the Participant fails to transfer such Stocks or other securities to the Company, the Company shall be entitled to forfeit
or repurchase such Stocks and to authorize any person to execute on behalf of the Participant any document necessary to effect such transfer,
whether or not the stock certificates are surrendered and take any other action necessary in order to achieve such results, all as shall
be determined by the Administrator, at its sole and absolute discretion, and the Participant is deemed to irrevocably empower the Company
or any person which may be designated by it to take any action by, in the name of or on behalf of the Participant to comply with and
give effect to such actions.

 

(d)  
All Restricted Stocks still subject to restriction under the applicable Restriction Period as of the Date of Termination, as set forth
in the Award Agreement, shall be forfeited or otherwise subject to repurchase by the Company as of the Date of Termination in consideration
for the par-value of such forfeited Stocks, notwithstanding the circumstances of such termination of engagement.

 

(e)  
All Restricted Stock Units shall cease vesting immediately upon the Date of Termination, and the unvested Restricted Stock Units awarded
to the Participant shall be forfeited, notwithstanding the circumstances of such termination of engagement.

 

10.2          Date
of Termination. For purposes of the Plan and any Award or Award Agreement, and unless otherwise set forth in the relevant Award Agreement,
the “Date of Termination” (whether for Cause or otherwise) shall be the effective date of termination of the
Participant’s employment or engagement as a Service Provider.

 

10.3          Leave
of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder shall be suspended during any unpaid
leave of absence (except, for the avoidance of doubt, periods of legally protected leave of absence pursuant to Applicable Law).

 

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10.4          Change
of Status. A Service Provider shall not cease to be considered as such in the case of any (a) leave of absence either
approved by the Company or its Affiliates, provided that such leave of absence was approved by entity for which the Service Provider
is engaged with, or pursuant to Applicable Law, or (b) transfers between locations of the Company and/or its Affiliates
or between the Company, and its parent, subsidiary, Affiliate, or any successor thereof; or (c) changes in status (employee
to director, employee to consultant, etc.), although such change may affect the specific terms applying to the Service Provider’s
Award, provided, in case of the foregoing clauses (b) and (c) above, that the Participant has remained continuously employed by and/or
in the service of the Company and its Affiliates since the date of grant of the Award and throughout the vesting period.

 

10.5          Extension
of Exercise Period. The Administrator may, on such terms and conditions as it may determine appropriate, extends the periods for
which Awards held by any Participant may continue to vest and be exercisable; it being clarified that such Awards may lose their entitlement
to certain tax benefits under Applicable Law as a result of such modification.

 

		11.	Adjustments.

 

Upon
the occurrence of any of the following described events, a Participant’s rights to purchase Stocks under the Plan shall be adjusted
as hereinafter provided:

 

11.1          Changes
in Capitalization. Subject to any required action by the stockholders of the Company, the number of Stocks covered by each outstanding
Award, and the number of Stocks which have been authorized for issuance under the Plan but as to which no Award have yet been granted
or which have been returned to the Plan upon cancellation or expiration of an Award, as well as the price per Stock covered by each outstanding
Award, shall be proportionately adjusted for any increase or decrease in the number of issued Stocks resulting from a stock split, reverse
stock split, combination or reclassification of the Stocks, or any other increase or decrease in the number of issued Stocks effected
without receipt of consideration by the Company. For such purpose, the conversion of any convertible securities of the Company shall
not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Board of Directors
at its sole discretion, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein,
no issuance by the Company of stocks of any class, or securities convertible into stocks of any class, shall affect, and no adjustment
by reason thereof shall be made with respect to, the number or price of Stocks subject to an Award.

 

11.2          Transactions.
In the event of a Transaction, the outstanding (including the unexercised, vested, unvested or restricted) portion of each outstanding
Award shall be assumed or substituted with an equivalent Award or the right to receive Consideration by the acquiring or successor corporation
or an affiliate thereof, as shall be determined by such entity, subject to the terms hereof. In the event that the successor corporation
or any affiliate thereof does not provide for such an assumption, and/or substitution of outstanding Awards and/or the provision of Consideration
for outstanding Awards (or any portion of outstanding Awards thereof), then unless determined otherwise with respect to a specific outstanding
Award, the Administrator shall have sole and absolute discretion to determine the effect of the Transaction on the portion of Awards
outstanding immediately prior to the effective time of the Transaction, which may include any one or more of the following, whether in
a manner equitable or not among individual Participants or groups of Participants: (i) that all or a portion of the outstanding
Awards shall become exercisable in full on a date no later than ten (10) business days prior to the date of consummation of the Transaction,
or on another date and/or dates or at an event and/or events as the Administrator shall determine at its sole and absolute discretion,
provided that unless otherwise determined by the Administrator, the exercise and/or vesting of all Awards that otherwise would not have
been exercisable and/or vested in the absence of a Transaction, shall be contingent upon the actual consummation of the Transaction and
that any or all such Awards that are not exercised at least two (2) business days prior to the consummation of the Transaction shall
be cancelled upon or immediately prior to the closing of the Transaction; and/or (ii) that all or a portion or certain
categories of the outstanding Awards shall be cancelled upon the actual consummation of the Transaction, and instead the holders thereof
will receive Consideration, or no consideration, in the amount and under the terms determined by the Administrator at it sole and absolute
discretion; and/or (iii) that an adjustment or interpretation of the terms of the Awards shall be made in order to facilitate
the Transaction and/or otherwise as required in context of the Transaction.

 

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11.3          In
the event that the Board approves a Transaction effected by way of a forced or compulsory sale then, without derogating from such provisions
and in addition thereto, the Participant shall be obligated, and shall be deemed to have agreed to the offer to effect the Transaction
on the terms approved by the Board, and shall sell all of the Stocks held by the Participant on the terms and conditions applying to
the holders of Stocks, in accordance with the instructions then issued by the Board. No Participant shall contest, bring any claims or
demands, or exercise any appraisal rights related to any of the foregoing. Each Participant shall execute (and authorizes any person
designated by the Company to so execute) such documents and agreements, as may be requested by the Company for the purpose of implementing
this Section.

 

11.4          Liquidation.
In the event of Liquidation, the Administrator shall have sole and absolute discretion to determine the effect of the Liquidation on
the outstanding unexercised, unvested or restricted portion of Awards, which may include the acceleration or cancelation of all or a
portion of the unexercised, unvested or restricted portion of the outstanding Awards.

 

11.5          Cancelation
of Awards. In the event that the Board of Directors determines in good faith that, in the context of a Transaction or Liquidation,
certain Awards have no monetary value and thus do not entitle the holders of such Awards to any consideration under the terms of the
Transaction or Liquidation, the Board of Directors may determine that such Awards shall terminate effective as of the effective date
of the Transaction or upon determination of the Board of Directors in the event of Liquidation. Without limiting the generality of the
foregoing, the Board of Directors may provide for the termination of any Award, effective as of the effective date of the Transaction
or Liquidation, that has an exercise price that is greater than the per stock Fair Market Value at the time of such Transaction or Liquidation,
without any consideration to the holder thereof.

 

11.6          Administrator’s
Authority. It is the intention that the Administrator’s authority to make determinations, adjustments and clarifications in
connection with the treatment of Awards shall be interpreted as widely as possible, to allow the Administrator maximal power and flexibility
to interpret and implement the provisions of the Plan in the event of a recapitalization, Transaction or Liquidation, provided that the
Administrator shall determine in good faith that a Participant’s vested rights are not thereby adversely affected without the Participant’s
express written consent. Without derogating from the generality of the foregoing, the Administrator shall have the authority, at its
sole discretion, to change the vesting schedule of Awards, accelerate Awards, and determine that the treatment of Awards, whether vested
or unvested, in a Transaction or Liquidation may differ among individual Participants or groups of Participants, provided that the overall
economic impact of the different approaches determined by the Administrator shall be substantively equivalent as of the date of the closing
of the Transaction or the effective date of Liquidation.

 

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		12.	Non-Transferability
                                            of Awards and Stocks.

 

12.1          Unless
otherwise explicitly approved by the Administrator, no Award may be assigned, transferred, pledged or mortgaged, other than by will or
by the laws of descent and distribution or unless otherwise required under Applicable Law, and during the Participant’s lifetime
an Award may be exercised and the Stocks subject to the Award may be purchased only by such Participant and any transfer of an Award
not permitted hereunder shall be null and void and shall not confer upon any party or person, other than the Participant, any rights.
In the event of any transfer of an Award permitted hereunder, the terms of such Award, this Plan and any applicable Award Agreement shall
be binding upon the beneficiaries, executors, administrators, heirs and successors of such Participant.

 

12.2          The
transfer of Stocks to be issued upon the exercise of the Options shall be limited as set forth in the Plan including, without limitation,
pursuant to Section 19.3 and as may be described in the Award Agreement.

 

12.3          Restricted
Stocks may not be assigned, transferred, pledged or mortgaged, other than by will or laws of descent and distribution, prior to the date
on which the date on which any applicable restriction, performance or deferred period lapses. Stocks for which full payment has not been
made, may not be assigned, transferred, pledged or mortgaged, other than by will or laws of descent and distribution.

 

12.4          For
avoidance of doubt, the foregoing shall not be deemed to restrict the transfer of a Participant’s rights in respect of Awards or
Stocks (including Restricted Stocks) purchasable pursuant to the exercise thereof upon the death of such Participant to such Participant’s
estate or other successors by operation of law or will, whose rights therein shall be governed by Section 10.1(b) hereof, and as may
otherwise be determined by the Administrator, or as otherwise required under Applicable Law.

 

		13.	Term
                                            and Amendment of the Plan.

 

13.1          The
Plan shall expire on the date which is ten (10) years from the date of its adoption by the Board of Directors (except as to Awards outstanding
on that date). Awards may be granted at any time after this Plan has been adopted by the Board and the stocks reserved for the Plan effectively
created, but not later than the date that is ten (10) years from the date of adoption of the Plan by the Board.

 

13.2          Notwithstanding
any other provision of the Plan, the Administrator may at any time, and from time to time, amend, in whole or in part, any or all of
the provisions of the Plan (including any amendment deemed necessary to ensure that the Company may comply with any regulatory requirement),
or suspend or terminate it entirely, retroactively or otherwise; provided, however, that, except (a) to correct
obvious drafting errors or as otherwise required by law or (b) as specifically provided herein, the rights of a Participant
with respect to vested Awards granted prior to such amendment, suspension or termination, may not be reduced without the consent of such
Participant. The Administrator may amend the terms of any Award theretofore granted, prospectively or retroactively, but except (a)
to correct obvious drafting errors or as otherwise required by law or applicable accounting rules, or (b) as specifically
provided herein, no such amendment or other action by the Administrator shall reduce the rights of any Participant with respect to vested
Awards without the Participant’s consent.

 

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		14.	Term
                                            of Option.

 

Unless
otherwise explicitly provided in an Award Agreement, if any Option, or any part thereof, has not been exercised and the Stocks covered
thereby not paid for within ten (10) years after the date on which the Option was granted, as set forth in the Award Agreement (or any
other period set forth in the instrument granting such Option pursuant to Section ‎9), such Option, or such part thereof, and the
right to acquire such Stocks shall terminate, all interests and rights of the Participant in and to the same shall expire, and, in the
event that in connection therewith any Stocks are held in trust as aforesaid, such trust shall expire.

 

		15.	Continuance
                                            of Engagement. 

 

Neither
the Plan nor any grant of Stocks or Awards to a Participant shall impose any obligation on the Company or any related company thereof,
to continue the employment or engagement of any Participant as a Service Provider, and nothing in the Plan or in any Award granted pursuant
thereto shall confer upon any Participant any right to continue to serve as a Service Provider of the Company or a related company thereof
or restrict the right of the Company or a related company thereof to terminate such employment or engagement at any time.

 

		16.	Application
                                            of Funds. 

 

The
proceeds received by the Company from the sale of Stocks pursuant to Awards granted under the Plan will be used for general corporate
purposes of the Company or any related company thereof.

 

		17.	Taxes.

 

17.1          Any
tax consequences and any other mandatory payments arising from the grant, or vesting or exercising of any Award, from the payment for
Stocks covered thereby, or from any other event or act (of the Company, and/or its Affiliates, or the Participant), hereunder, shall
be borne solely by the Participant. The Company and/or its Affiliates shall withhold taxes according to the requirements under the Applicable
Laws, rules, and regulations, including withholding taxes at source.
Furthermore, the Participant shall agree to indemnify the Company and/or its Affiliates and hold them harmless against and from any and
all liability for any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to
withhold, or to have withheld, any such tax from any payment made to the Participant. The Company or any of its Affiliates may make such
provisions and take such steps as it may deem necessary or appropriate for the withholding of all taxes required by law to be withheld
with respect to Awards granted under the Plan and the exercise thereof, including, but not limited, to (i) deducting the
amount so required to be withheld from any other amount (or Stocks issuable) then or thereafter to be provided to the Participant, including
by deducting any such amount from a Participant’s salary or other amounts payable to the Participant, to the maximum extent permitted
under law and/or (ii) requiring the Participant to pay to the Company or any of its Affiliates the amount so required to
be withheld as a condition of the issuance, delivery, distribution or release of any Stocks and/or (iii) by causing the
exercise and sale of any Awards or Stocks held by on behalf of the Participant to cover such liability, up to the amount required to
satisfy the statutory withholding requirements. In addition, the Participant will be required to pay any amount due in excess of the
tax withheld and transferred to the tax authorities, pursuant to applicable tax laws, regulations and rules.

 

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17.2          The
Company and its Affiliates do not undertake or assume any liability or responsibility to the effect that any award shall qualify with
any particular tax regime or rules applying to particular tax treatment or tax advantage of any type and the Company and its Affiliates
shall bear no liability in connection with the manner in which any award is treated for tax purposes, regardless of whether the Award
was granted or intended to qualify under any particular tax regime or treatment. The Company and its Affiliates do not undertake and
shall not be required to take any action in order to qualify any Award with the requirements of any particular tax treatment and no indication
in any documents to the effect that any Award is intended to qualify for any tax treatment shall imply such undertaking. Moreover, no
assurance is made by the Company or any of its Affiliates that any particular tax treatment on the date of grant will continue to exist
or that the Award would qualify at the time of exercise or disposition thereof with any particular tax treatment. The Company and its
Affiliates shall not have any liability or obligation of any nature in the event that an Award does not qualify for any particular tax
treatment, regardless whether the Company could have or should have taken any action to cause such qualification to be met.

 

17.3          In
the event a Participant obtains knowledge of any tax authority inquiry, audit, assertion, determination, investigation, or question relating
in any manner to the Awards granted hereunder and/or Stocks and/or Additional Rights issued thereunder the Participant shall immediately
notify the Company in writing and shall continuously inform the Company of any developments, proceedings, discussions and negotiations
relating to such matter, and shall allow the Company and its representatives to participate in any proceedings and discussions concerning
such matters and shall provide to the Company any information or document relating to any matter hereof, which the Company, in its discretion,
requires.

 

17.4          The
receipt of an Award and/or the acquisition of Stocks issued upon the exercise of the Awards may result in tax consequences. The description
of tax consequences set forth in the Plan or any Appendix hereto does not purport to be complete, up to date or to take into account
any special circumstances relating to a Participant.

 

17.5          THE
PARTICIPANT IS ADVISED TO CONSULT WITH A TAX ADVISOR WITH RESPECT TO THE TAX CONSEQUENCES OF RECEIVING OR EXERCISING ANY AWARD IN LIGHT
OF HIS OR HER PARTICULAR CIRCUMSTANCES. THE COMPANY DOES NOT ASSUME ANY RESPONSIBILITY TO ADVISE THE PARTICIPANT ON SUCH MATTERS, WHICH
SHALL REMAIN SOLELY THE RESPONSIBILITY OF THE PARTICIPANT.

 

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		18.	Market
                                            Stand-Off.

 

       If
so requested by the Company or any representative of the underwriters (the “Managing Underwriter”) in connection
with any registration of the offering of any securities of the Company under the securities laws of any jurisdiction, the Participant
shall not sell or otherwise transfer any Stocks or other securities of the Company during a 180-day period or such other period as may
be requested in writing by the Managing Underwriter and agreed to in writing by the Company (the “Market Standoff Period”)
following the effective date of registration statement of the Company filed under such securities laws. The Company may require the Participant
to execute a form of undertaking to this effect or impose stop transfer instructions with respect to securities subject to the foregoing
restrictions until the end of such Market Standoff Period.

 

		19.	Conditions
                                            Upon Issuance of Stocks.

 

19.1          Legal
Compliance. Stocks shall not be issued pursuant to the exercise of an Option or with respect to any other Award unless the exercise
of such Option or grant of such Award and the issuance and delivery of such Stocks shall comply with Applicable Laws and shall be further
subject to the approval of counsel for the Company with respect to such compliance. The inability of the Company to obtain authority
from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful
issuance and sale of any Stocks hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such
Stocks as to which such requisite authority shall not have been obtained.

 

19.2          Investment
Representations. As a condition to the exercise of an Option or receipt of an Award, the Administrator may require the person exercising
such Option or receiving such Award to represent and warrant at the time of any such exercise or the time of receipt of the Award that
the Stocks are being purchased only for investment and without any present intention to sell or distribute such Stocks, and make other
representations as may be required under applicable securities laws if, in the opinion of counsel for the Company, such representations
are required, all in form and content specified by the Administrator.

 

19.3          Provisions
Governing Stocks. Any Stocks issued pursuant to an Award shall be subject to this Plan and shall be subject to the Corporate Charter,
any limitation, restriction or obligation included in any stockholders agreement applicable to all or substantially all of the holders
of stocks (regardless of whether or not the Participant is a formal party to such stockholders agreement), any other governing documents
of the Company, all policies, manuals and internal regulations adopted by the Company from time to time, as may be amended from time
to time, including any provisions included therein concerning restrictions or limitations on disposition of Stocks or grant of any rights
with respect thereto, forced sale and bring along/drag along provisions, any provisions concerning restrictions on the use of inside
information and other provisions deemed by the Company to be appropriate in order to ensure compliance with Applicable Law. Each Participant
shall execute such separate agreement(s) as may be requested by the Company relating to matters set forth in or otherwise for the purpose
of implementing this Section. The Participant may be required to execute such separate agreement(s) as a condition to the exercise of
any Award or the issuance of any Stock.

 

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19.4          Legend.
The Administrator may require each person receiving Stocks pursuant to an Award granted under the Plan to represent to and agree with
the Company in writing that the Participant is acquiring the Stocks without a view to distribution thereof and such other securities
law related representations as the Administrator shall request. In addition to any legend required by the Plan, the certificates for
such Stocks may include any legend which the Administrator deems appropriate to reflect any applicable restrictions on transfer. All
certificates for Stocks delivered under the Plan shall be subject to such stock transfer orders and other restrictions as the Administrator
may deem advisable under the rules, regulations and other requirements of any relevant securities authority, any stock exchange upon
which the Stocks are then listed or any national securities association system upon whose system the Stocks are then quoted, any applicable
securities law, and any applicable corporate law, and the Administrator may cause a legend or legends to be put on any such certificates
to make appropriate reference to such restrictions.

 

		20.	Proxy.

 

The
Company, at its sole discretion, may require that as a condition of grant of an Award, exercise of an Option or issuance of Stocks, the
Participant will be required to grant an irrevocable proxy and power of attorney (“Proxy”) to any appropriate
person designated by the Company, to vote all Stocks obtained by the Participant pursuant to an Award at all general meetings of Company,
and to sign all written resolutions, waivers, consents etc. of the stockholders of the Company on behalf of the Participant, including
the right to waive on behalf of the Participant all minimum notice requirements for meetings of stockholders of the Company, and to otherwise
exercise every right, power and authority with respect to the Stocks as shall be detailed in the Proxy. Such Proxy shall remain in effect
until the consummation of an IPO and shall be irrevocable as the rights of third parties, including investors in the Company, depend
upon such Proxy. The Proxy shall be personal to the Participant and shall not survive the transfer of the Participant’s Stocks
to a third-party transferee; provided, however, that upon a transfer of the Participant’s Stocks to such a transferee (subject
to the terms and conditions of the Plan concerning any such transfer), the transferee may be required to grant an irrevocable Proxy to
such appropriate person as the Company, in giving its approval to the transfer, so requires. The Proxy may be included in the Award Agreement
of each Participant or otherwise as the Administrator determines. If contained in the Award Agreement, no further document shall be required
to implement such Proxy, and the signature of the Participant on the Award Agreement shall indicate approval of the Proxy thereby granted.
The holder of the Proxy shall be indemnified and held harmless by the Company against any cost or expense (including counsel fees) reasonably
incurred by him/her, or any liability (including any sum paid in settlement of a claim with the approval of the Company) arising out
of any act or omission to act in connection with the voting of the Proxy unless arising out of his/her own fraud, bad faith or gross
negligence, to the extent permitted by Applicable Law. Such indemnification shall be in addition to any rights of indemnification the
holder of the Proxy may have as a director, officer or otherwise under the Company’s corporate documents or any agreement, any
vote of stockholders or directors, insurance policy or otherwise.

 

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		21.	Right
                                            as a Stockholder.

 

Subject
to Section ‎‎7.5, a Participant shall have no rights as a stockholder of the Company with respect to any Stocks covered by
an Award until the Participant shall have exercised the Award, paid the exercise price therefor and becomes the record holder of the
subject Stocks. No adjustment shall be made for dividends (ordinary or extraordinary, whether in stocks or other securities, cash or
other property, or rights, or any combination thereof) or distribution of other rights for which the record date is prior to the date
on which the Participant becomes the record holder of the Stocks covered by an Award, except as provided in Section ‎11 hereof.
Any and all voting rights attached to such Stocks shall be subject to Section ‎‎20, and the Participant shall be entitled
to receive dividends distributed with respect to such Stocks, subject to the provisions of the Corporate Charter and subject to any Applicable
Law.

 

		22.	Additional
                                            Restrictions on Transfer of Stocks.

 

Until
such time as the Stocks are registered for trade to the public, a Participant shall not be permitted to transfer, sell, assign, pledge,
hypothecate, or otherwise encumber or dispose of any Stocks in any way to one or more third parties other than with the prior approval
of the Board of Directors and/or in accordance with Applicable Law, and in any event, subject to any relevant provisions of the
Company’s corporate documents, as in effect from time to time, and/or the Award Agreement.

 

		23.	Miscellaneous.

 

23.1          Data
Privacy; Data Transfer. Information related to Participant and Awards hereunder, as shall be received from Participant or others,
and/or held by, the Company or its Affiliates from time to time, and which information may include sensitive and personal information
related to Participant (“Information”), will be used by the Company or its Affiliates (or third parties appointed
by any of them) to comply with any applicable legal requirement, or for administration of the Plan as they deems necessary or advisable,
or for the respective business purposes of the Company or its Affiliates. The Company and its Affiliates shall be entitled to transfer
the Information among the Company or its Affiliates, and to third parties for the purposes set forth above, which may include persons
located abroad (including, any person administering the Plan or providing services in respect of the Plan or in order to comply with
legal requirements, their respective officers, directors, employees and representatives, and the respective successors and assigns of
any of the foregoing), and any person so receiving Information shall be entitled to transfer it for the purposes set forth above. The
Company shall use commercially reasonable efforts to ensure that the transfer of such Information shall be limited to the reasonable
and necessary scope. By receiving an Award hereunder, Participant acknowledges and agrees that the Information is provided at Participant’s
free will and Participant consents to the storage and transfer of the Information as set forth above.

 

23.2          Governing
Law. This Plan and all determinations made and actions taken pursuant hereto shall be governed by the laws of the State of Delaware
except with respect to matters that are subject to tax laws, regulations and rules of any specific jurisdiction, which shall be governed
by the respective laws, regulations and rules of such jurisdiction. The competent courts located in the State of Delaware shall have
exclusive jurisdiction over any dispute arising out of or in connection with this Plan and any Award granted hereunder. By signing any
Award Agreement or any other agreement relating to an Award, each Participant irrevocably submits to such exclusive jurisdiction.

 

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23.3          Non-Exclusivity
of the Plan. The adoption of this Plan shall not be construed as creating any limitations on the power or authority of the Company
to adopt such other or additional incentive or other compensation arrangements of whatever nature as the Company may deem necessary or
desirable or preclude or limit the continuation of any other plan, practice or arrangement for the payment of compensation or fringe
benefits to employees generally, or to any class or group of employees, which the Company or any Affiliate now has lawfully put into
effect.

 

23.4          Survival.
The Participant shall be bound by and the Stocks issued upon exercise or (if applicable) the vesting of any Awards granted hereunder
shall remain subject to this Plan after the exercise or (if applicable) the vesting of Awards, in accordance with the terms of this Plan,
whether or not the Participant is then or at any time thereafter employed or engaged by the Company or any of its Affiliates

 

23.5          Fractional
Stocks. No fractional Stock shall be issuable upon exercise or vesting of any Award and the number of Stocks to be issued shall be
rounded down to the nearest whole Stock, with any Stock remaining at the last vesting date due to such rounding to be issued upon exercise
at such last vesting date.

 

23.6          Severability.
If any provision of this Plan, any Award Agreement or any other agreement entered into in connection with an Award shall be determined
to be illegal or unenforceable by any court of law in any jurisdiction, the remaining provisions hereof and thereof shall be severable
and enforceable in accordance with their terms, and all provisions shall remain enforceable in any other jurisdiction. In addition, if
any particular provision contained in this Plan, any Award Agreement or any other agreement entered into in connection with an Award
shall for any reason be held to be excessively broad as to duration, geographic scope, activity or subject, it shall be construed by
limiting and reducing such provision as to such characteristic so that the provision is enforceable to fullest extent compatible with
Applicable Law as it shall then appear.

 

 

*                *
                 *

 

    21

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