Document:

Exhibit 10.1

STANDARD OFFER, AGREEMENT
AND ESCROW INSTRUCTIONS

FOR PURCHASE OF REAL ESTATE

(Non-Residential)

Dated: October 20, 2020

1.      
Buyer.

1.1      
Alliant Capital, Ltd. and/or Assignee , ("Buyer")
hereby offers to purchase the real property, hereinafter described, from the owner thereof ("Seller")
(collectively, the "Parties" or individually, a "Party"),
through an escrow ("Escrow") to close 30 or see Paragraph 26.2 days after
the waiver or satisfaction of the Buyer's Contingencies, ("Expected Closing Date")
to be held by Lawyers Title Company att: Shirley Franks ("Escrow Holder")
whose address is 2751 Park View Ct, Suite 241, Oxnard, CA 93036, Phone No. 805.484.2701 , Facsimile No. ------- upon the terms
and conditions set forth in this agreement ("Agreement"). Buyer shall have
the right to assign Buyer's rights hereunder, but any such assignment shall not relieve Buyer of Buyer's obligations herein unless
Seller expressly releases Buyer.

1.2      
The term "Date of Agreement" as used herein shall be the date when
by execution and delivery (as defined in paragraph 20.2) of this document or a subsequent counteroffer thereto, Buyer and Seller
have reached agreement in writing whereby Seller agrees to sell, and Buyer agrees to purchase, the Property upon terms accepted
by both Parties.

2.      
Property.

2.1      
The real property ("Property") that is the subject
of this offer consists of (insert a brief physical description) an approximately 46,899 square foot building is located in the
County of Los Angeles , is commonly known as (street address, city, state, zip) 26050 Mureau Rd, Calabasas, CA 91302 and is legally
described as: to be supplied in Escrow (APN: 2052-043-015 ).

2.2      
If the legal description of the Property is not complete or is inaccurate, this Agreement shall not be invalid and the legal
description shall be completed or corrected to meet the requirements of ("Title Company"),
which shall issue the title policy hereinafter described.

2.3      
The Property includes, at no additional cost to Buyer, the permanent improvements thereon, including those items which pursuant
to applicable law are a part of the property, as well as the following items, if any, owned by Seller and at present located on
the Property: electrical distribution systems (power panel, bus ducting, conduits, disconnects, lighting fixtures); telephone distribution
systems (lines, jacks and connections only); space heaters; heating, ventilating, air conditioning equipment ("HVAC");
air lines; fire sprinkler systems; security and fire detection systems; carpets; window coverings; wall coverings; and see Paragraph
26.3 (collectively, the "Improvements").

2.4     
The fire sprinkler monitor: □ is owned by Seller and included in the Purchase
Price, □ is leased by Seller, and Buyer will need to negotiate a new lease with the fire
monitoring company, x ownership will be determined during Escrow, or □
there is no fire sprinkler monitor.

3.      
Purchase Price.

3.1     
The purchase price ("Purchase Price") to be paid
by Buyer to Seller for the Property shall be $12,695,000.00 , payable as follows:

(Strike any not applicable)

Cash down payment, including the
Deposit as defined in paragraph 4.3 (or if an all cash transaction, the Purchase Price):

$4,443,250.00

Amount of "New Loan"
as defined in paragraph 5.1 if any:

$8,251,750.00

 

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

 

     

     

    

Total Purchase Price: $12,695,000.00

3.2  
If Buyer is taking title to the Property subject to, or assuming, an Existing Deed of Trust and such deed of trust permits
the beneficiary to demand payment of fees including, but not limited to, points, processing fees, and appraisal fees as a condition
to the transfer of the Property, Buyer agrees to pay such fees up to a maximum of 1.5% of the unpaid principal balance of the applicable
Existing Note.

4.      
Deposits.

4.1                          
√ Buyer has delivered
to Broker a check in the sum of $380,850 , payable to Escrow Holder, to be delivered | by Broker to Escrow Holder within 2 __business
days after both Parties have executed this Agreement and the executed Agreement has been delivered to Escrow Holder, or
□ box within 2 or __business days after both Parties have executed this Agreement and the executed Agreement has been delivered
to Escrow Holder Buyer shall deliver to Escrow Holder a check in the sum of . If said check is not received by Escrow Holder within
said time period then Seller may elect to unilaterally terminate this transaction by giving written notice of such election to
Escrow Holder whereupon neither Party shall have any further liability to the other under this Agreement. Should Buyer and Seller
not enter into an agreement for purchase and sale, Buyer's check or funds shall, upon request by Buyer, be promptly returned to
Buyer.

4.3                      
Escrow Holder shall deposit the funds deposited with it by Buyer pursuant to paragraphs 4.1 and 4.2 (collectively the "Deposit"),
in a State or Federally chartered bank in an interest bearing account whose term is appropriate and consistent with the timing
requirements of this transaction. The interest therefrom shall accrue to the benefit of Buyer, who hereby acknowledges that there
may be penalties or interest forfeitures if the applicable instrument is redeemed prior to its specified maturity. Buyer's Federal
Tax Identification number is _______________. NOTE: Such interest bearing account cannot
be opened until Buyer's Federal Tax Identification Number is provided.

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

4.4                      
Notwithstanding the foregoing, within 5 days after Escrow Holder receives the monies
described in paragraph above, Escrow Holder shall release $100 of said monies to Seller as and for independent consideration
for Seller's' execution of this Agreement and the granting of the contingency period to Buyer as herein provided. Such independent
consideration is non-refundable to Buyer but shall be credited to the Purchase Price in the event that the purchase of the Property
is completed.

4.5                      
Upon waiver of all of Buyer's contingencies the Deposit shall become non-refundable but applicable to the Purchase Price
except in the event of a Seller breach, or in the event that the Escrow is terminated pursuant to the provisions of Paragraph 9.1(n)
(Destruction, Damage or Loss) or 9.1(o) (Material Change).

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

7. Real Estate Brokers.

7.1       Each
Party acknowledges receiving a Disclosure Regarding Real Estate Agency Relationship, confirms and consents to the following agency
relationships in this transaction with the following real estate broker(s) ("Brokers")
and/or their agents (“Agent(s)”):

Seller's Brokerage Firm Lee &
Associates - LA North/ Ventura, Inc. License No. 01191898 is the broker of (check one): ☒
the Seller; or ☐ both the Buyer and Seller (dual agent).

Seller's Agent Jay Rubin/ Eugene
Kim License No. 01320005/ 01521416 is (check one): ☒ the
Seller's Agent (salesperson or broker associate); or ☐both
the Seller's Agent and the Buyer's Agent (dual agent).

Buyer's Brokerage Firm Stone Miller
License No. 01125581 is the broker of (check one): ☒ the
Buyer; or ☐ both the Buyer and Seller (dual agent).

Buyer's Agent Craig Miller/ Todd
Cobin License No. 01006713/ 01398609 is (check one): ☒the
Buyer's Agent (salesperson or broker associate); or both the Buyer's Agent and the Seller's Agent (dual agent).

The Parties acknowledge that other than
the Brokers and Agents listed above, there are no other brokers or agents representing the Parties or due any fees and/or commissions
under this Agreement. Buyer shall use the services of Buyer's Broker exclusively in connection with any and all negotiations and
offers with respect to the Property for a period of 1 year from the date inserted for reference purposes at the top of page 1.

7.2       Buyer
and Seller each represent and warrant to the other that he/she/it has had no dealings with any person, firm, broker, agent or finder
in connection with the negotiation of this Agreement and/or the consummation of the purchase and sale contemplated herein, other
than the Brokers and Agents named in paragraph 7.1, and no broker, agent or other person, firm or entity, other than said Brokers
and Agents is/are entitled to any commission or finder's fee in connection with this transaction as the result of any dealings
or acts of such Party. Buyer and Seller do each hereby agree to indemnify, defend, protect and hold the other harmless from and
against any costs, expenses or liability for compensation, commission or charges which may be claimed by any broker, agent, finder
or other similar party, other than said named Brokers and Agents by reason of any dealings or act of the indemnifying Party.

8.       Escrow
and Closing.

8.1        Upon
acceptance hereof by Seller, this Agreement, including any counteroffers incorporated herein by the Parties, shall constitute not
only the agreement of purchase and sale between Buyer and Seller, but also instructions to Escrow Holder for the consummation of
the Agreement through the Escrow. Escrow Holder shall not prepare any further escrow instructions restating or amending the Agreement
unless specifically so instructed by the Parties or a Broker herein. Subject to the reasonable approval of the Parties, Escrow
Holder may, however, include its standard general escrow provisions. In the event that there is any conflict between the provisions
of the Agreement and the provisions of any additional escrow instructions the provisions of the Agreement shall prevail as to the
Parties and the Escrow Holder.

8.2        As
soon as practical after the receipt of this Agreement and any relevant counteroffers, Escrow Holder shall ascertain the Date of
Agreement as defined in paragraphs 1.2 and 20.2 and advise the Parties and Brokers, in writing, of the date ascertained.

8.3       Escrow
Holder is hereby authorized and instructed to conduct the Escrow in accordance with this Agreement, applicable law and custom and
practice of the community in which Escrow Holder is located, including any reporting requirements of the Internal Revenue Code.
In the event of a conflict between the law of the state where the Property is located and the law of the state where the Escrow
Holder is located, the law of the state where the Property is located shall
prevail.

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

8.4       Subject
to satisfaction of the contingencies herein described, Escrow Holder shall close this escrow (the "Closing")
by recording a general warranty deed (a grant deed in California) and the other documents required to be recorded, and by disbursing
the funds and documents in accordance with this Agreement.

8.5       Buyer
and Seller shall each pay one-half of the Escrow Holder's charges and Seller shall pay the usual recording fees and any required
documentary transfer taxes. Seller shall pay the premium for a standard coverage owner's or joint protection policy of title insurance.
(See also paragraph 11.)

8.6       Escrow
Holder shall verify that all of Buyer's contingencies have been satisfied or waived prior to Closing. The matters contained in
paragraphs 9.1 subparagraphs (b), (c), (d), (e), (g), (i), (n), and (o), 9.4, 12, 13, 14, 16, 18, 20, 21, 22, and 24 are, however,
matters of agreement between the Parties only and are not instructions to Escrow Holder.

8.7       If
this transaction is terminated for non-satisfaction and non-waiver of a Buyer's Contingency, as defined in Paragraph 9.2 or disapproval
of any other matter subject to Buyer's approval, then neither of the Parties shall thereafter have any liability to the other under
this Agreement, except to the extent of a breach of any affirmative covenant or warranty in this Agreement. In the event of such
termination, Buyer shall, subject to the provisions of paragraph 8.10, be promptly refunded all funds deposited by Buyer with Escrow
Holder, less only the $100 provided for in paragraph 4.4 and the Title Company and Escrow Holder cancellation fees and costs, all
of which shall be Buyer's obligation. If this transaction is terminated as a result of Seller's breach of this Agreement then Seller
shall pay the Title Company and Escrow Holder cancellation fees and costs.

8.8       The
Closing shall occur on the Expected Closing Date, or as soon thereafter as the Escrow is in condition for Closing; provided, however,
that if the Closing does not occur by the Expected Closing Date and said Date is not extended by mutual instructions of the Parties,
a Party not then in default under this Agreement may notify the other Party, Escrow Holder, and Brokers, in writing that, unless
the Closing occurs within 5 business days following said notice, the Escrow shall be deemed terminated without further notice or
instructions.

8.9       Except
as otherwise provided herein, the termination of Escrow shall not relieve or release either Party from any obligation to pay Escrow
Holder's fees and costs or constitute a waiver, release or discharge of any breach or default that has occurred in the performance
of the obligations, agreements, covenants or warranties contained therein.

8.10       If
this Escrow is terminated for any reason other than Seller's breach or default, then as a condition to the return of Buyer's deposit,
Buyer shall within 5 days after written request deliver to Seller, at no charge, copies of all surveys, engineering studies, soil
reports, maps, master plans, feasibility studies and other similar items prepared by or for Buyer that pertain to the Property.

9.       Contingencies
to Closing.

9.1       The
Closing of this transaction is contingent upon the satisfaction or waiver of the following contingencies. IF BUYER FAILS TO
NOTIFY ESCROW HOLDER, IN WRITING, OF THE DISAPPROVAL OF ANY OF SAID CONTINGENCIES WITHIN THE TIME SPECIFIED THEREIN, IT SHALL BE
CONCLUSIVELY PRESUMED THAT BUYER HAS APPROVED SUCH ITEM, MATTER OR DOCUMENT. Buyer's conditional approval shall constitute
disapproval, unless provision is made by the Seller within the time specified therefore by the Buyer in such conditional approval
or by this Agreement, whichever is later, for the satisfaction of the condition imposed by the Buyer. Escrow Holder shall promptly
provide all Parties with copies of any written disapproval or conditional approval which it receives. With regard to subparagraphs
(a) through (m) the pre-printed time periods shall control unless a different number of days is inserted in the spaces provided.

Disclosure. Seller shall make
to Buyer, through Escrow, all of the applicable disclosures required by law (See AIR CRE ("AIR")
standard form entitled "Seller's Mandatory Disclosure Statement") and provide
Buyer with a completed Property Information Sheet ("Property Information Sheet")
concerning the Property, duly executed by or on behalf of | Seller in the current form or equivalent to that published by the AIR
within 10 days following the Date of Agreement. Buyer has 10 days from the receipt of said disclosures to approve or disapprove
the matters disclosed.

(b) Physical Inspection. Buyer
has 10 days following the receipt of the Property Information Sheet or the Date of Agreement, whichever is later, to satisfy itself
with regard to the physical aspects and size of the Property.

(c) Hazardous Substance Conditions
Report. Buyer has 15 days following the receipt of the Property Information Sheet or the Date of Agreement, whichever is later,
to satisfy itself with regard to the environmental aspects of
the Property. Seller recommends that Buyer obtain a Hazardous Substance Conditions Report concerning the Property and relevant
adjoining properties. Any such report shall be paid for by Buyer. A "Hazardous Substance"
for purposes of this Agreement is defined as any substance whose nature and/or quantity of existence, use, manufacture, disposal
or effect, render it subject to Federal, state or local regulation, investigation, remediation or removal as potentially injurious
to public health or welfare. A "Hazardous Substance Condition" for purposes
of this Agreement is defined as the existence on, under or relevantly adjacent to the Property of a Hazardous Substance that would
require remediation and/or removal under applicable Federal, state or local law.

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

(d) Soil Inspection. Buyer has
15 days following the receipt of the Property Information Sheet or the Date of Agreement, whichever is later, to satisfy itself
with regard to the condition of the soils on the Property. Seller recommends that Buyer obtain a soil test report. Any such report
shall be paid for by Buyer. Seller shall provide Buyer copies of any soils report that Seller may have within 10 days following
the Date of Agreement.

(e) Governmental Approvals. Buyer
has 15 days following the Date of Agreement to satisfy itself with regard to approvals and permits from governmental agencies or
departments which have or may have jurisdiction over the Property and which Buyer deems necessary or desirable in connection with
its intended use of the Property, including, but not limited to, permits and approvals required with respect to zoning, planning,
building and safety, fire, police, handicapped and Americans with Disabilities Act requirements, transportation and environmental
matters.

(f) Conditions of Title. Escrow
Holder shall cause a current commitment for title insurance ("Title Commitment")
concerning the Property issued by the Title Company, as well as legible copies of all documents referred to in the Title Commitment
("Underlying Documents"), and a scaled and dimensioned plot showing the
location of any | easements to be delivered to Buyer within 10 days following the Date of Agreement. Buyer has 10 days from the
receipt of the Title Commitment, the Underlying Documents and the plot plan to satisfy itself with regard to the condition of title.
The disapproval by Buyer of any monetary encumbrance, which by the terms of this Agreement is not to remain against the Property
after the Closing, shall not be considered a failure of this contingency, as Seller shall have the obligation, at Seller's expense,
to satisfy and remove such disapproved monetary encumbrance at or before the Closing.

 (g) Survey. Buyer
has 15 days following the receipt of the Title Commitment and Underlying Documents to satisfy itself with regard to any ALTA title
supplement based upon a survey prepared to American Land Title Association ("ALTA")
standards for an owner's policy by a licensed surveyor, showing the legal description and boundary lines of the Property, any
easements of record, and any improvements, poles, structures and things located within 10 feet of either side of the Property
boundary lines. Any such survey shall be prepared at Buyer's direction and expense. If Buyer has obtained a survey and approved
the ALTA title supplement, Buyer may elect within the period allowed for Buyer's approval of a survey to have an ALTA extended
coverage owner's form of title policy, in which event Buyer shall pay any additional premium attributable thereto.

(h) Existing Leases and Tenancy Statements.
Seller shall within 10 days following the Date of Agreement provide both Buyer and Escrow Holder with legible copies of all leases,
subleases or rental arrangements (collectively, "Existing Leases") affecting
the Property, and with a tenancy statement ("Estoppel Certificate") in the
latest form or equivalent to that published by the AIR, executed by Seller and/or each tenant and subtenant of the Property. Seller
shall use its best efforts to have each tenant complete and execute an Estoppel Certificate. If any tenant fails or refuses to
provide an Estoppel Certificate then Seller shall complete and execute an Estoppel Certificate for that tenancy. Buyer has 10 days
from the receipt of said Existing Leases and Estoppel Certificates to satisfy itself with regard to the Existing Leases and any
other tenancy issues.

(i) Owner's Association. Seller
shall within 10 days following the Date of Agreement provide Buyer with a statement and transfer package from any owner's association
servicing the Property. Such transfer package shall at a minimum include: copies of the association's bylaws, articles of incorporation,
current budget and financial statement. Buyer has 10 days from the receipt of such documents to satisfy itself with regard to the
association.

(j) Other Agreements. Seller
shall within 10 days following the Date of Agreement provide Buyer with legible copies of all other agreements ("Other
Agreements") known to Seller that will affect the Property after Closing. Buyer has 10 days from the receipt of
said Other Agreements to satisfy itself with regard to such Agreements.

(k) Financing. If paragraph 5
hereof dealing with a financing contingency has not been stricken, the satisfaction or
waiver of such New Loan contingency.

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

(m)       Personal
Property. In the event that any personal property is included in the Purchase Price, Buyer has 10-days
following the Date of Agreement to satisfy itself with regard to the title condition of such personal property. Seller recommends
that Buyer obtain a UCC-1 report. Any such report shall be paid for by Buyer. Seller shall provide | Buyer copies of any liens
or encumbrances affecting such personal property that it is aware of within 10 days following the Date of Agreement.

(n)       Destruction,
Damage or Loss. Subsequent to the Date of Agreement and prior to Closing there shall not have occurred a destruction of, or
damage or loss to, the Property or any portion thereof, from any cause whatsoever, which would cost more than $10,000.00 to repair
or cure. If the cost of repair or cure is $10,000.00 or less, Seller shall repair or cure the loss prior to the Closing. Buyer
shall have the option, within 10 days after receipt of written notice of a loss costing more than $10,000.00 to repair or cure,
to either terminate this Agreement or to purchase the Property notwithstanding such loss, but without deduction or offset against
the Purchase Price. If the cost to repair or cure is more than $10,000.00, and Buyer does not elect to terminate this Agreement,
Buyer shall be entitled to any insurance proceeds applicable to such loss. Unless otherwise notified in writing, Escrow Holder
shall assume no such destruction, damage or loss has occurred prior to Closing.

(o)       Material
Change. Buyer shall have 10 days following receipt of written notice of a Material Change within which to satisfy itself with
regard to such change. "Material Change" shall mean a substantial adverse
change in the use, occupancy, tenants, title, or condition of the Property that occurs after the date of this offer and prior to
the Closing. Unless otherwise notified in writing, Escrow Holder shall assume that no Material Change has occurred prior to the
Closing.

(p)       Seller
Performance. The delivery of all documents and the due performance by Seller of each and every undertaking and agreement to
be performed by Seller under this Agreement.

(q)       Brokerage
Fee. Payment at the Closing of such brokerage fee as is specified in this Agreement or later written instructions to Escrow Holder
executed by Seller and Brokers ("Brokerage Fee"). It is agreed by the Parties and Escrow Holder that Brokers are a third
party beneficiary of this Agreement insofar as the Brokerage Fee is concerned, and that no change shall be made with respect to
the payment of the Brokerage Fee specified in this Agreement, without the written consent of Brokers.

9.2       All
of the contingencies specified in subparagraphs (a) through (m) of paragraph 9.1 are for the benefit of, and may be waived by,
Buyer, and may be elsewhere herein referred to as "Buyer's Contingencies."

9.3       If
any of Buyer's Contingencies or any other matter subject to Buyer's approval is disapproved as provided for herein in a timely
manner ("Disapproved Item"), Seller shall have the right within 10 days
following the receipt of notice of Buyer's disapproval to elect to cure such Disapproved Item prior to the Expected Closing Date
("Seller's Election"). Seller's failure to give to Buyer within such period,
written notice of Seller's commitment to cure such Disapproved Item on or before the Expected Closing Date shall be conclusively
presumed to be Seller's Election not to cure such Disapproved Item. If Seller elects, either by written notice or failure to give
written notice, not to cure a Disapproved Item, Buyer shall have the right, within 10 days after Seller's Election to either accept
title to the Property subject to such Disapproved Item, or to terminate this Agreement. Buyer's failure to notify Seller in writing
of Buyer's election to accept title to the Property subject to the Disapproved Item without deduction or offset shall constitute
Buyer's election to terminate this Agreement. The above time periods only apply once for each Disapproved Item. Unless expressly
provided otherwise herein, Seller's right to cure shall not apply to the remediation of Hazardous Substance Conditions or to the
Financing Contingency. Unless the Parties mutually instruct otherwise, if the time periods for the satisfaction of contingencies
or for Seller's and Buyer's elections would expire on a date after the Expected Closing Date, the Expected Closing Date shall be
deemed extended for 3 business days following the expiration of: (a) the applicable contingency period(s), (b) the period within
which the Seller may elect to cure the Disapproved Item, or (c) if Seller elects not to cure, the period within which Buyer may
elect to proceed with this transaction, whichever is later.

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

9.4       The
Parties acknowledge that extensive local, state and Federal legislation establish broad liability upon owners and/or users of real
property for the investigation and remediation of Hazardous Substances. The determination of the existence of a Hazardous Substance
Condition and the evaluation of the impact of such a condition are highly technical and beyond the expertise of Brokers. The Parties
acknowledge that they have been advised by Brokers to consult their own technical and legal experts with respect to the possible
presence of Hazardous Substances on the Property or adjoining properties, and Buyer and Seller are not relying upon any investigation
by or statement of Brokers with respect thereto. The Parties hereby assume all responsibility for the impact of such Hazardous
Substances upon their respective interests herein.

10.    
Documents and Other Items Required at or Before Closing.

10.1                       
Five days prior to the Closing date Escrow Holder shall obtain an updated Title Commitment concerning the Property from
the Title Company and provide copies thereof to each of the Parties.

10.2                       
Seller shall deliver to Escrow Holder in time for delivery to Buyer at the Closing:

(a)    
Grant or general warranty deed, duly executed and in recordable form, conveying fee title to the Property to Buyer.

(b)    
If applicable, the Beneficiary Statements concerning Existing Note(s).

(c)    
If applicable, the Existing Leases and Other Agreements together with duly executed assignments thereof by Seller and Buyer.
The assignment of Existing Leases shall be on the most recent Assignment and Assumption of Lessor's Interest in Lease form published
by the AIR or its equivalent.

(d)   
An affidavit executed by Seller to the effect that Seller is not a "foreign person" within the meaning of Internal
Revenue Code Section 1445 or successor statutes. If Seller does not provide such affidavit in form reasonably satisfactory to Buyer
at least 3 business days prior to the Closing, Escrow Holder shall at the Closing deduct from Seller's proceeds and remit to the
Internal Revenue Service such sum as is required by applicable Federal law with respect to purchases from foreign sellers.

(e)   
If the Property is located in California, an affidavit executed by Seller to the effect that Seller is not a ''nonresident"
within the meaning of California Revenue and Tax Code Section 18662 or successor statutes. If Seller does not provide such affidavit
in form reasonably satisfactory to Buyer at least 3 business days prior to the Closing, Escrow Holder shall at the Closing deduct
from Seller's proceeds and remit to the Franchise Tax Board such sum as is required by such statute.

(f)     
If applicable, a bill of sale, duly executed, conveying title to any included personal property to Buyer.

(g)    
If the Seller is a corporation, a duly executed corporate resolution authorizing the execution of this Agreement and the
sale of the Property.

10.3                       
Buyer shall deliver to Seller through Escrow:

(a)    
The cash portion of the Purchase Price and such additional sums as are required of Buyer under this Agreement shall be deposited
by Buyer with Escrow Holder, by federal funds wire transfer, or any other method acceptable to Escrow Holder in immediately collectable
funds, no later than 2:00 P.M. on the business day prior to the Expected Closing Date provided, however, that Buyer shall not be
required to deposit such monies into Escrow if at the time set for the deposit of such monies Seller is in default or has indicated
that it will not perform any of its obligations hereunder. Instead, in such circumstances in order to reserve its rights to proceed
Buyer need only provide Escrow with evidence establishing
that the required monies were available.

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

(b)    
If a Purchase Money Note and Purchase Money Deed of Trust are called for by this Agreement, the duly executed originals
of those documents, the Purchase Money Deed of Trust being in recordable form, together with evidence of fire insurance on the
improvements in the amount of the full replacement cost naming Seller as a mortgage loss payee, and a real estate tax service contract
(at Buyer's expense), assuring Seller of notice of the status of payment of real property taxes during the life of the Purchase
Money Note.

(c)     
The Assignment and Assumption of Lessor's Interest in Lease form specified in paragraph 10.2(c) above, duly executed by
Buyer.

(d)     
Assumptions duly executed by Buyer of the obligations of Seller that accrue after Closing under any Other Agreements.

(e)    
If applicable, a written assumption duly executed by Buyer of the loan documents with respect to Existing Notes.

(f)      
If the Buyer is a corporation, a duly executed corporate resolution authorizing the execution of this Agreement and the
purchase of the Property.

10.4                       
At Closing, Escrow Holder shall cause to be issued to Buyer a standard coverage (or ALTA extended, if elected pursuant to
9.1(g)) owner's form policy of title insurance effective as of the Closing, issued by the Title Company in the full amount of the
Purchase Price, insuring title to the Property vested in Buyer, subject only to the exceptions approved by Buyer. In the event
there is a Purchase Money Deed of Trust in this transaction, the policy of title insurance shall be a joint protection policy insuring
both Buyer and Seller.

IMPORTANT: IN A PURCHASE OR EXCHANGE
OF REAL PROPERTY, IT MAY BE ADVISABLE TO OBTAIN TITLE INSURANCE IN CONNECTION WITH THE CLOSE OF ESCROW SINCE THERE MAY BE PRIOR
RECORDED LIENS AND ENCUMBRANCES WHICH AFFECT YOUR INTEREST IN THE PROPERTY BEING ACQUIRED. A NEW POLICY OF TITLE INSURANCE SHOULD
BE OBTAINED IN ORDER TO ENSURE YOUR INTEREST IN THE PROPERTY THAT YOU ARE ACQUIRING.

11.    
Prorations and Adjustments.

11.1                       
Taxes. Applicable real property taxes and special assessment bonds shall be prorated through Escrow as of the date
of the Closing, based upon the latest tax bill available. The Parties agree to prorate as of the Closing any taxes assessed against
the Property by supplemental bill levied by reason of events occurring prior to the Closing. Payment of the prorated amount shall
be made promptly in cash upon receipt of a copy of any supplemental bill.

11.2                       
Insurance. WARNING: Any insurance which Seller may have maintained will terminate on the Closing. Buyer is
advised to obtain appropriate insurance to cover the Property.

11.3                       
Rentals, Interest and Expenses. Scheduled rentals, interest on Existing Notes, utilities, and operating expenses
shall be prorated as of the date of Closing. The Parties agree to promptly adjust between themselves outside of Escrow any rents
received after the Closing.

11.4                       
Security Deposit. Security Deposits held by Seller shall be given to Buyer as a credit to the cash required of Buyer
at the Closing.

11.5                       
Post Closing Matters. Any item to be prorated that is not determined or determinable at the Closing shall be promptly
adjusted by the Parties by appropriate cash payment outside of the Escrow when the amount due is determined.

11.6                       
Variations in Existing Note Balances. In the event that Buyer is purchasing the Property subject to an Existing Deed
of Trust(s), and in the event that a Beneficiary Statement as to the applicable Existing Note(s) discloses that the unpaid principal
balance of such Existing Note(s) at the closing will be more or less than the amount set forth in paragraph 3.1(c) hereof ("Existing
Note Variation"), then the Purchase Money Note(s) shall be reduced or increased by an amount equal to such Existing Note
Variation. If there is to be no Purchase Money Note, the cash required at the Closing per paragraph 3.1(a) shall be reduced or
increased by the amount of such Existing Note Variation.

11.7                       
Variations in New Loan Balance. In the event Buyer is obtaining a New Loan and the amount ultimately obtained exceeds
the amount set forth in paragraph 5.1, then the amount of the Purchase Money Note, if any, shall be reduced by the amount of such
excess.

11.8                       
Owner's Association Fees. Escrow Holder shall: (i) bring Seller's account with the association current and pay any
delinquencies or transfer fees from Seller's proceeds, and (ii) pay any up front fees required by the association from Buyer's
funds.

 

 

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

12.    
Representations and Warranties of Seller and Disclaimers.

12.1                       
Seller's warranties and representations shall survive the Closing and delivery of the deed for a period of one (1) year,
and any lawsuit or action based upon them must be commenced within such time period. Seller's warranties and representations are
true, material and relied upon by Buyer and Brokers in all respects. Seller hereby makes the following warranties and representations
to Buyer and Brokers:

(a)     
Authority of Seller. Seller is the owner of the Property and/or has the full right, power and authority to sell,
convey and transfer the Property to Buyer as provided herein, and to perform Seller's obligations hereunder.

(b)    
Maintenance During Escrow and Equipment Condition At Closing. Except as otherwise provided in paragraph 9.1(n) hereof,
Seller shall maintain the Property until the Closing in its present condition, ordinary wear and tear excepted.

(c)     
Hazardous Substances/Storage Tanks. Seller has no knowledge, except as otherwise disclosed to Buyer in writing, of
the existence or prior existence on the Property of any Hazardous Substance, nor of the existence or prior existence of any above
or below ground storage tank.

(d)     
Compliance. Except as otherwise disclosed in writing, Seller has no knowledge of any aspect or condition of the Property
which violates applicable laws, rules, regulations, codes or covenants, conditions or restrictions, or of improvements or alterations
made to the Property without a permit where one was required, or of any unfulfilled order or directive of any applicable governmental
agency or casualty insurance company requiring any investigation, remediation, repair, maintenance or improvement be performed
on the Property.

(e)    
Changes in Agreements. Prior to the Closing, Seller will not violate or modify any Existing Lease or Other Agreement,
or create any new leases or other agreements affecting the Property, without Buyer's written approval, which approval will not
be unreasonably withheld.

(f)      
Possessory Rights. Seller has no knowledge that anyone will, at the Closing, have any right to possession of the
Property, except as disclosed by this Agreement or otherwise in writing to Buyer.

(g)     
Mechanics' Liens. There are no unsatisfied mechanics' or materialmens' lien rights concerning the Property.

(h)     
Actions, Suits or Proceedings. Seller has no knowledge of any actions, suits or proceedings pending or threatened
before any commission, board, bureau, agency, arbitrator, court or tribunal that would affect the Property or the right to occupy
or utilize same.

(i)      
Notice of Changes. Seller will promptly notify Buyer and Brokers in writing of any Material Change (see paragraph
9.1(o)) affecting the Property that becomes known to Seller prior to the Closing.

(j)      
No Tenant Bankruptcy Proceedings. Seller has no notice or knowledge that any tenant of the Property is the subject
of a bankruptcy or insolvency proceeding.

(k)     
No Seller Bankruptcy Proceedings. Seller is not the subject of a bankruptcy, insolvency or probate proceeding.

(l)      
Personal Property. Seller has no knowledge that anyone will, at the Closing, have any right to possession of any
personal property included in the Purchase Price nor knowledge of any liens or encumbrances affecting such personal property, except
as disclosed by this Agreement or otherwise in writing to Buyer.

12.2                       
Buyer hereby acknowledges that, except as otherwise stated in this Agreement, Buyer is purchasing the Property in its existing
condition and will, by the time called for herein, make or have waived all inspections of the Property Buyer believes are necessary
to protect its own interest in, and its contemplated use of, the Property. The Parties acknowledge that, except as otherwise stated
in this Agreement, no representations, inducements, promises, agreements, assurances, oral or written, concerning the Property,
or any aspect of the occupational safety and health laws, Hazardous Substance laws, or any other act, ordinance or law, have been
made by either Party or Brokers, or relied upon by either Party hereto.

12.3                        In
the event that Buyer learns that a Seller representation or warranty might be untrue prior to the Closing, and Buyer elects
to purchase the Property anyway then, and in that event, Buyer waives any right that it may have to bring an action or
proceeding against Seller or Brokers regarding said representation or warranty.

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

12.4                       
Any environmental reports, soils reports, surveys, and other similar documents which were prepared by third party consultants
and provided to Buyer by Seller or Seller's representatives, have been delivered as an accommodation to Buyer and without any representation
or warranty as to the sufficiency, accuracy, completeness, and/or validity of said documents, all of which Buyer relies on at its
own risk. Seller believes said documents to be accurate, but Buyer is advised to retain appropriate consultants to review said
documents and investigate the Property.

13.    
Possession.

Possession of the Property shall be
given to Buyer at the Closing subject to the rights of tenants under Existing Leases.

14.    
Buyer's Entry.

At any time during the Escrow period,
Buyer, and its agents and representatives, shall have the right at reasonable times and subject to rights of tenants, to enter
upon the Property for the purpose of making inspections and tests specified in this Agreement. No destructive testing shall be
conducted, however, without Seller's prior approval which shall not be unreasonably withheld. Following any such entry or work,
unless otherwise directed in writing by Seller, Buyer shall return the Property to the condition it was in prior to such entry
or work, including the re-compaction or removal of any disrupted soil or material as Seller may reasonably direct. All such inspections
and tests and any other work conducted or materials furnished with respect to the Property by or for Buyer shall be paid for by
Buyer as and when due and Buyer shall indemnify, defend, protect and hold harmless Seller and the Property of and from any and
all claims, liabilities, losses, expenses (including reasonable attorneys' fees), damages, including those for injury to person
or property, arising out of or relating to any such work or materials or the acts or omissions of Buyer, its agents or employees
in connection therewith.

15.    
Further Documents and Assurances.

The Parties shall each, diligently
and in good faith, undertake all actions and procedures reasonably required to place the Escrow in condition for Closing as and
when required by this Agreement. The Parties agree to provide all further information, and to execute and deliver all further documents,
reasonably required by Escrow Holder or the Title Company.

16.    
Attorneys' Fees.

If any Party or Broker brings an action
or proceeding (including arbitration) involving the Property whether founded in tort, contract or equity, or to declare rights
hereunder, the Prevailing Party (as hereafter defined) in any such proceeding, action, or appeal thereon, shall be entitled to
reasonable attorneys' fees and costs. Such fees may be awarded in the same suit or recovered in a separate suit, whether or not
such action or proceeding is pursued to decision or judgment. The term "Prevailing Party" shall include, without
limitation, a Party or Broker who substantially obtains or defeats the relief sought, as the case may be, whether by compromise,
settlement, judgment, or the abandonment by the other Party or Broker of its claim or defense. The attorneys' fees award shall
not be computed in accordance with any court fee schedule, but shall be such as to fully reimburse all attorneys' fees reasonably
incurred.

17.    
Prior Agreements/Amendments.

17.1                       
This Agreement supersedes any and all prior agreements between Seller and Buyer regarding the Property.

17.2                       
Amendments to this Agreement are effective only if made in writing and executed by Buyer and Seller.

 

18.    
Broker's Rights.

18.1                       
If this sale is not consummated due to the default of either the Buyer or Seller, the defaulting Party shall be liable to
and shall pay to Brokers the Brokerage Fee that Brokers would have received had the sale been consummated. If Buyer is the defaulting
party, payment of said Brokerage Fee is in addition to any obligation with respect to liquidated or other damages.

18.2                       
Upon the Closing, Brokers are authorized to publicize the facts of this transaction.

19.    
Notices.

19.1                       
Whenever any Party, Escrow Holder or Brokers herein shall desire to give or serve any notice, demand, request, approval,
disapproval or other communication, each such communication shall be in writing and shall be delivered personally, by messenger,
or by mail, postage prepaid to the address set forth in this agreement or by facsimile transmission,
electronic signature, digital signature, or email.

 

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

19.2                       
Service of any such communication shall be deemed made on the date of actual receipt if personally delivered, or transmitted
by facsimile transmission, electronic signature, digital signature, or email. Any such communication sent by regular mail shall
be deemed given 48 hours after the same is mailed. Communications sent by United States Express Mail or overnight courier that
guarantee next day delivery shall be deemed delivered 24 hours after delivery of the same to the Postal Service or courier. If
such communication is received on a Saturday, Sunday or legal holiday, it shall be deemed received on the next business day.

19.3                       
Any Party or Broker hereto may from time to time, by notice in writing, designate a different address to which, or a different
person or additional persons to whom, all communications are thereafter to be made.

20.   
Duration of Offer.

20.1                       
If this offer is not accepted by Seller on or before 5:00 P.M. according to the time standard applicable to the city of
Los Angeles on the date of October 21, 2020 , it shall be deemed automatically revoked.

20.2                       
The acceptance of this offer, or of any subsequent counteroffer hereto, that creates an agreement between the Parties as
described in paragraph 1.2, shall be deemed made upon delivery to the other Party or either Broker herein of a duly executed writing
unconditionally accepting the last outstanding offer or counteroffer.

21.    
LIQUIDATED DAMAGES. (This Liquidated Damages paragraph is applicable only if initialed by both Parties). THE PARTIES
AGREE THAT IT WOULD BE IMPRACTICABLE OR EXTREMELY DIFFICULT TO FIX, PRIOR TO SIGNING THIS AGREEMENT, THE ACTUAL DAMAGES WHICH WOULD
BE SUFFERED BY SELLER IF BUYER FAILS TO PERFORM ITS OBLIGATIONS UNDER THIS AGREEMENT. THEREFORE, IF, AFTER THE SATISFACTION OR
WAIVER OF ALL CONTINGENCIES PROVIDED FOR THE BUYER'S BENEFIT, BUYER BREACHES THIS AGREEMENT, SELLER SHALL BE ENTITLED TO LIQUIDATED
DAMAGES IN THE AMOUNT OF $380,850 . UPON PAYMENT OF SAID SUM TO SELLER, BUYER SHALL BE RELEASED FROM ANY FURTHER LIABILITY TO SELLER,
AND ANY ESCROW CANCELLATION FEES AND TITLE COMPANY CHARGES SHALL BE PAID BY SELLER.

 

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials Seller’s
Initials

 

22.   
ARBITRATION OF DISPUTES. (This Arbitration of Disputes paragraph is applicable only if initialed by both Parties.)

22.1                       
ANY CONTROVERSY AS TO WHETHER SELLER IS ENTITLED TO THE LIQUIDATED DAMAGES AND/OR BUYER IS ENTITLED TO THE RETURN OF DEPOSIT
MONEY, SHALL BE DETERMINED BY BINDING ARBITRATION BY, AND UNDER THE COMMERCIAL RULES OF THE AMERICAN ARBITRATION ASSOCIATION ("COMMERCIAL
RULES"). ARBITRATION HEARINGS SHALL BE HELD IN THE COUNTY WHERE THE PROPERTY IS LOCATED. THE NUMBER OF ARBITRATORS SHALL
BE AS PROVIDED IN THE COMMERCIAL RULES AND EACH SUCH ARBITRATOR SHALL BE AN IMPARTIAL REAL ESTATE BROKER WITH AT LEAST 5 YEARS
OF FULL TIME EXPERIENCE IN BOTH THE AREA WHERE THE PROPERTY IS LOCATED AND THE TYPE OF REAL ESTATE THAT IS THE SUBJECT OF THIS
AGREEMENT. THE ARBITRATOR OR ARBITRATORS SHALL BE APPOINTED UNDER THE COMMERCIAL RULES AND SHALL HEAR AND DETERMINE SAID CONTROVERSY
IN ACCORDANCE WITH APPLICABLE LAW, THE INTENTION OF THE PARTIES AS EXPRESSED IN THIS AGREEMENT AND ANY AMENDMENTS THERETO, AND
UPON THE EVIDENCE PRODUCED AT AN ARBITRATION HEARING. PRE-ARBITRATION DISCOVERY SHALL BE PERMITTED IN ACCORDANCE WITH THE COMMERCIAL
RULES OR STATE LAW APPLICABLE TO ARBITRATION PROCEEDINGS. THE AWARD SHALL BE EXECUTED BY AT LEAST 2 OF THE 3 ARBITRATORS, BE RENDERED
WITHIN 30 DAYS AFTER THE CONCLUSION OF THE HEARING, AND MAY INCLUDE ATTORNEYS' FEESAND COSTS TO THE PREVAILING PARTY PER PARAGRAPH
16 HEREOF. JUDGMENT MAY BE ENTERED ON THE AWARD IN ANY COURT OF COMPETENT JURISDICTION NOTWITHSTANDING THE FAILURE OF A PARTY DULY
NOTIFIED OF THE ARBITRATION HEARING TO APPEAR THEREAT.

22.2                       
BUYER'S RESORT TO OR PARTICIPATION IN SUCH ARBITRATION PROCEEDINGS SHALL NOT BAR SUIT IN A COURT OF COMPETENT JURISDICTION
BY THE BUYER FOR DAMAGES AND/OR SPECIFIC PERFORMANCE UNLESS AND UNTIL THE ARBITRATION RESULTS IN AN AWARD TO THE SELLER OF LIQUIDATED
DAMAGES, IN WHICH EVENT SUCH AWARD SHALL ACT AS A BAR AGAINST ANY ACTION BY BUYER. FOR DAMAGES AND/OR SPECIFIC PERFORMANCE.

 

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

 

     

     

    

22.3                       
NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT
OF THE MATTERS INCLUDED IN THE "ARBITRATION OF DISPUTES" PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY CALIFORNIA
LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY INITIALING IN
THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS SUCH RIGHTS ARE SPECIFICALLY INCLUDED IN
THE "ARBITRATION OF DISPUTES" PROVISION. IF YOU REFUSE TO SUBMITTO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU
MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION
PROVISION IS VOLUNTARY.

WE HAVE READ AND UNDERSTAND THE FOREGOING
AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE "ARBITRATION OF DISPUTES" PROVISION TO NEUTRAL
ARBITRATION.

 

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials Seller’s
Initials

 

23.     
Miscellaneous.

23.1                       
Binding Effect. This Agreement shall be binding on the Parties without regard to whether
or not paragraphs

21 and 22 are initialed by both of the
Parties. Paragraphs 21 and 22 are each incorporated into this Agreement only if initialed by both Parties at the time that the
Agreement is executed. Signatures to this Agreement accomplished by means of electronic signature or similar technology shall be
legal and binding.

23.2                       
Applicable Law. This Agreement shall be governed by, and paragraph 22.3 is amended
to refer to, the laws

of the state in which the Property is located.
Any litigation or arbitration between the Parties hereto concerning this Agreement shall be initiated in the county in which the
Property is located.

23.3                       
Time of Essence. Time is of the essence of this Agreement.

23.4                       
Counterparts. This Agreement may be executed by Buyer and Seller in counterparts, each
of which shall be deemed an original, and all of which together shall constitute one and the same instrument. Escrow Holder, after
verifying that the counterparts are identical except for the signatures, is authorized and instructed to combine the signed signature
pages on one of the counterparts, which shall then constitute the Agreement.

23.5                       
Waiver of Jury Trial. THE PARTIES HEREBY
WAIVE THEIR RESPECTIVE RIGHTS TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING INVOLVING THE PROPERTY OR ARISING OUT OF THIS AGREEMENT.

23.6                       
Conflict. Any conflict between the printed provisions of this Agreement and the typewritten
or handwritten provisions shall be controlled by the typewritten or handwritten provisions. Seller and Buyer must
initial any and all handwritten provisions.

23.7                       
1031 Exchange. Both Seller and Buyer agree to cooperate with each other in the event
that either or both wish to participate in a 1031 exchange. Any party initiating an exchange shall bear all costs of such exchange.
The cooperating Party shall not have any liability (special or otherwise) for damages to the exchanging Party in the event that
the sale is delayed and/or that the sale otherwise fails to qualify as a 1031 exchange.

23.8                       
Days. Unless otherwise specifically indicated to the contrary, the word "days"
as used in this Agreement shall mean and refer to calendar days.

24.     
Disclosures Regarding The Nature of a Real Estate Agency Relationship.

24.1                       
The Parties and Brokers agree that their relationship(s) shall be governed by the principles
set forth in the applicable sections of the California Civil
Code, as summarized in paragraph 24.2.

24.2                       
When entering into a discussion with a real estate agent regarding a real estate transaction,
a Buyer or Seller should from the outset understand what type of agency relationship or representation it has with the agent or
agents in the transaction. Buyer and Seller acknowledge being advised by the Brokers in this transaction, as follows:

(a) Seller's Agent. A
Seller's agent under a listing agreement with the Seller acts as the agent for the Seller only. A Seller's agent or subagent
has the following affirmative obligations: (1) To the Seller: A fiduciary duty of utmost care, integrity, honesty, and
loyalty in dealings with the Seller. (2) To the Buyer and the Seller: a. Diligent exercise of reasonable skills and
care in performance of the agent's duties. duty of honest and fair dealing and good faith. c. A duty to disclose all facts
known to the agent materially affecting the value or desirability of the property that are not known to, or within the
diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential
information obtained from the other Party which does not involve the affirmative duties set forth above.

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

(b)  
Buyer's Agent. A selling agent can, with a Buyer's consent, agree to act as agent for
the Buyer only. In these situations, the agent is not the Seller's agent, even if by agreement the agent may receive compensation
for services rendered, either in full or in part from the Seller. An agent acting only for a Buyer has the following affirmative
obligations. (1) To the Buyer: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Buyer.
(2) To the Buyer and the Seller: a. Diligent exercise of reasonable skills and care in performance of the agent's duties.
b. A duty of honest and fair dealing and good faith. c. A duty to disclose all facts known to the agent materially affecting the
value or desirability of the property that are not known to, or within the diligent attention and observation of, the Parties.
An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not involve
the affirmative duties set forth above.

(c)  
Agent Representing Both Seller and Buyer. A real estate agent, either acting directly
or through one or more associate licenses, can legally be the agent of both the Seller and the Buyer in a transaction, but only
with the knowledge and consent of both the Seller and the Buyer. (1) In a dual agency situation, the agent has the following affirmative
obligations to both the Seller and the Buyer: a. A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings
with either Seller or the Buyer. b. Other duties to the Seller and the Buyer as stated above in their respective sections (a) or
(b) of this paragraph 24.2. (2) In representing both Seller and Buyer, the agent may not, without the express permission of the
respective Party, disclose to the other Party confidential information, including, but not limited to, facts relating to either
Buyer's or Seller's financial position, motivations, bargaining position, or other personal information that may impact price,
including Seller's willingness to accept a price less than the listing price or Buyer's willingness to pay a price greater than
the price offered. (3) The above duties of the agent in a real estate transaction do not relieve a Seller or Buyer from the responsibility
to protect their own interests. Buyer and Seller should carefully read all agreements to assure that they adequately express their
understanding of the transaction. A real estate agent is a person qualified to advise about real estate. If legal or tax advice
is desired, consult a competent professional. Buyer has the duty to exercise reasonable care to protect Buyer, including as to
those facts about the Property which are known to Buyer or within Buyer's diligent attention and observation. Both Seller and Buyer
should strongly consider obtaining tax advice from a competent professional because the federal and state tax consequences of a
transaction can be complex and subject to change.

(d)    Further
Disclosures. Throughout this transaction Buyer and Seller may receive more than one disclosure, depending upon the number
of agents assisting in the transaction. Buyer and Seller should each read its contents each time it is presented, considering
the relationship between them and the real estate agent in this transaction and that disclosure. Buyer and Seller each
acknowledge receipt of a disclosure of the possibility of multiple representation by the Broker representing that principal.
This disclosure may be part of a listing agreement, buyer representation agreement or separate document. Buyer understands
that Broker representing Buyer may also represent other potential buyers, who may consider, make offers on or ultimately
acquire the Property. Seller understands that Broker representing Seller may also represent other sellers with competing
properties that may be of interest to this Buyer. Brokers have no responsibility with respect to any default or breach hereof
by either Party. The Parties agree that no lawsuit
or other legal proceeding involving any breach of duty, error or omission relating to this transaction may be brought against
Broker more than one year after the Date of Agreement and that the liability (including court costs and attorneys' fees), of any
Broker with respect to any breach of duty, error or omission relating to this Agreement shall not exceed the fee received by such
Broker pursuant to this Agreement; provided, however, that the foregoing limitation on each Broker's liability shall not be applicable
to any gross negligence or willful misconduct of such Broker.

24.3                       
Confidential Information. Buyer and Seller agree to identify to Brokers as "Confidential"
any communication or information given Brokers that is considered
by such Party to be confidential.

25.   
Construction of Agreement. In construing this Agreement, all headings and titles are for
the convenience of the Parties only and shall not be considered a part of this Agreement, Whenever required by the context, the
singular shall include the plural and vice versa.
This Agreement shall not be construed as if prepared by one of the Parties, but rather according to its fair meaning as a whole,
as if both Parties had prepared it.

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

     

     

    

 

26.     
Additional Provisions.

Additional
provisions of this offer, if any, are as follows or are attached hereto by an addendum or addenda consisting of paragraphs 26.1
through 26.7 . (If there are no additional provisions write "NONE".)

26.1                       
Notwithstanding anything to the contrary, Buyer shall have Fifteen (15) days from
the receipt of all items to conduct its due diligence of any Buyer contingencies, of which Buyer shall approve or disapprove at
Buyer's sole and absolute discretion. Upon expiration of the Contingency Period, Buyer shall waive Contingencies and release Deposit
to Seller and apply as a credit to the Purchase Price.

26.2                       
The Closing Date shall be no later than January 30, 2021.

26.3                       
All existing furniture, fixtures and equipment in the building shall be included
with the Purchase, at no additional charge to Buyer. This shall exclude all FF &. E in the suites occupied by Lee & Associates
and Lake Murray Property LLC. Additionally, this shall exclude all of Crusaders Insurance’s computer equipment and servers.
During the Lease Back Period Crusader Insurance Company shall have the right to utilize all the FF &. E in the Premises.

26.4                       
Through Escrow, Seller will sign a one (1) year Lease to remain on the second (2nd) floor
of the Building at a rate of $2.25 per square foot, net of electrical and janitorial
on leased Premises only. Crusader Insurance shall have the right to utilize existing FF &. E during the Lease Period.

26.5                       
Buyer is open to discuss a long term Lease with Seller for a portion of the space on the
first (1st) floor of the building.

26.6                       
Existing Lease: Buyer acknowledges that the property is subject to existing lease between
Crusader Insurance (“Lessor”) and Lee & Associates (Expires January
31, 2021) and Lake Murray Property LLC (Expires September 30, 2021, with one (1) two (2) year option to renew. Buyer shall assume
all responsibility as Lessor for existing lease obligations.

26.7                       
As-Is. Except as otherwise expressly set forth
in this Agreement, and subject to Seller's representation and warranties set forth in this Agreement, Buyer is purchasing the Property
in its existing condition, "AS-IS, WHERE-IS, WITH ALL FAULTS," and upon the Contingency Date has made or has waived all
inspections and investigations of the Property and its vicinity which Buyer believes are necessary to protect its own interest
in, and its contemplated use of, the Property.

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

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

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

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

NOTE:

1.    
THIS FORM IS NOT FOR USE IN CONNECTION WITH THE SALE OF RESIDENTIAL PROPERTY.

2.    
IF EITHER PARTY IS A CORPORATION, IT IS RECOMMENDED THAT THIS AGREEMENT BE SIGNED BY TWO CORPORATE OFFICERS.

The undersigned Buyer offers and agrees
to buy the Property on the terms and conditions stated and acknowledges receipt of a copy hereof.

 

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

 

     

     

    

 

	 	Date: 10/23/2020
	BROKER	BUYER
	Stone Miller	Alliant Capital, Ltd, and/or Assignee
	
        Attn: Craig Miller/ Todd Cobin

        Title: Chief Executive Officer, Senior
        Vice President
	
        By: _/s/ Shawn Horwitz______________________________

        Shawn Horwitz

	
        Address: 11620 Wilshire Blvd., Suite 520,
        Los Angeles, CA 90025

        Phone: 310.202.9008

        Fax: 310.202.0630

        Email: cmiller@stone-miller.com/ tcobin@sonte-miller.com
	
        Title:

        Phone:

        Fax:

        Email:

        By:__________________________________

        Name Printed:

	
        Federal ID No.:

        Broker DRE License #: 01125581

        Agent DRE License #: 01006713/01398609
	
        Title:

        Phone:

        Fax:

        Email:

        Address:

        Federal ID No.:

 

27.      
Acceptance.

27.1          
Seller accepts the foregoing offer to purchase the Property and hereby agrees to sell the
Property to Buyer on the terms and conditions therein specified.

27.2          
In consideration of real estate brokerage service rendered by Brokers, Seller agrees to pay
Brokers a real estate Brokerage Fee. Seller's Broker per separate written agreement % and Buyer's Broker 2%. This Agreement shall
serve as an irrevocable instruction to Escrow Holder to pay such Brokerage Fee to Brokers out of the proceeds accruing to the account
of Seller at the Closing. 

27.3          
Seller acknowledges receipt of a copy hereof and authorizes Brokers to deliver a signed copy
to Buyer.

NOTE: A PROPERTY INFORMATION SHEET
IS REQUIRED TO BE DELIVERED TO BUYER BY SELLER UNDER THIS AGREEMENT.

	 	Date10/20/2020 
	BROKER	SELLER
	Lee & Associates - LA North/ Ventura, Inc.	Crusader Insurance Company
	
        Attn: Jay Rubin/ Eugene Kim

        Title: Principal/ Associate
	By:_/s/ Ron Closser______________________________
	
        Address: 26050 Mureau Road, Suite 101 Calabasas,
        CA 91302

        Phone: 818.223.4388

        Fax: 818.591.1450

        Email: jrubin@lee-re.com/ ekim@lee-re.com

        Federal ID No.:______
	
        Name Printed: Ron Closser

        Title: CEO

        Phone: 818.591.9800

        Fax:

        Email:

        By:___________________________________

        Name Printed:

 

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

 

     

     

    

 

	Broker DRE License #: 01191898	Title:
	Agent's DRE License #: 01320005/ 01521416	Phone:
	Fax: Email:	 
	Address:	 
	Federal ID No.:	 

 

 

  

_____/s/ SH__________/s/
RC_____

 Buyer’s Initials 
Seller’s Initials

 

     

     

    

 

COUNTER OFFER
BUYER

Dated:October
23, 2020

By and Between

Seller:Crusader
Insurance Company

Buyer:Alliant
Capital, Ltd. and/or Assignee

Property
Address:26050 Mureau Rd, Calabasas, CA 91302

(street address, city, state, zip)

APN:2052043015

 

Buyer executed and presented to Seller
the “Standard Offer and Agreement for Purchase of Real Estate” dated October
15, 2020, regarding the abovereferenced Property and Parties (hereinafter the “Offer”). Thereafter, Seller
executed and delivered to Buyer the “Standard Offer, Agreement and Escrow Instructions for
Purchase of Real Estate” dated October
20, 2020. Full and complete copies of both the Offer and Seller’s Counter Offer are attached hereto and
incorporated herein by reference.

		1.	Buyer hereby accepts Seller’s Counter Offer provided the Seller agrees to the following changes in said Counter
Offer:

(Please check the appropriate box or boxes)

☐Initialed
pen and ink changes have been made to the Offer.

☐Seller
shall be deemed to have initialed paragraph 21 regarding liquidated damages and paragraph 22 regarding arbitration of disputes

☒The
changes are detailed in the addendum attached hereto consisting of paragraphs 1 through 7.

☐The
changes are set forth below.

NOTE: PARAGRAPHS IN THE OFFER WHICH
REQUIRE INITIALS BY ALL PARTIES, BUT ARE NOT INITIALED BY ALL PARTIES, ARE EXCLUDED FROM THE FINAL AGREEMENT UNLESS SPECIFICALLY
REFERENCED FOR INCLUSION IN THIS COUNTER OFFER.

2.       REMAINING
TERMS: All of the terms and conditions contained in the Seller’s
Counter Offer which have not been specifically modified or
deleted by this Counter Offer are hereby approved by Buyer.

3.       EXPIRATION:
This Counter Offer shall expire and be revoked, without further
notice, at 5:00 pm on October 26, 2020, unless
it is accepted and signed by Seller and a fully executed copy is actually received by Buyer’s
agent Craig Miller and/or Todd Cobin prior to
said time. Upon expiration, Buyer’s Deposit, if any, shall
be promptly returned. This Counter Offer may be executed in
counterparts.

4.       TIME:
Time is of the essence.

5.       BINDING
EFFECT: This Counter Offer, when fully executed by both Buyer and Seller, and delivered and received as specified
above, shall be a binding contract. Signatures to this Counter Offer accomplished by means of electronic signature or similar
technology shall be legal and binding. NO REPRESENTATION OR RECOMMENDATION IS MADE BY AIR CRE OR BY ANY BROKER AS TO THE LEGAL
SUFFICIENCY, LEGAL EFFECT, OR TAX CONSEQUENCES OF THIS AGREEMENT OR THE TRANSACTION TO WHICH IT RELATES. THE PARTIES ARE ADVISED
TO SEEK ADVICE OF COUNSEL AS TO THE LEGAL AND TAX CONSEQUENCES OF THIS AGREEMENT.

NOTE:

1.       THIS
FORM IS NOT FOR USE IN CONNECTION WITH THE SALE OF RESIDENTIAL PROPERTY.

2.       IF
EITHER PARTY IS A CORPORATION, IT IS RECOMMENDED THAT THIS AGREEMENT BE SIGNED BY TWO OF ITS CORPORATE OFFICERS.

6.       The
undersigned Buyer agrees to purchase the Property on the terms and conditions stated herein.

	
        BUYER’S BROKER

        Stone-Miller

        Attn: Craig
        Miller / Todd Cobin

        Title: Chief
        Executive Officer, Senior Vice President

        Address: 11620
        Wilshire Boulevard, Suite 520, Los Angeles, CA 90025

        Phone: (310)
        202-9008

        Fax: (310)
        202-0630

        Email: cmiller@stonemiller.com
        / tcobin@stonemiller.com

        Federal ID No.:

        Broker DRE License
        #: 01125581

        Agent DRE License
        #: 01006713/01398609

         
	
        BUYER

        Alliant Capital, Ltd. and/or Assignee

        By:/s/ Shawn
        Horwitz

        Name Printed:
        Shawn Horwitz

        Title:

        Phone:

        Fax:

        Email:

        By:

        Name Printed:

        Title: Phone: Fax:
        Email:

        Address:

        Federal ID No.:

 

/s/ RC /s/ SH

Initials Initials

 

     

     

    

 

7.       ACCEPTANCE:
Seller accepts the foregoing Counter Offer
and agrees to sell the Property on the terms and conditions specified, and authorizes Brokers to deliver a signed copy to Buyer.

	
        SELLER’S BROKER

        Lee & Associates LA North/Ventura, Inc.

        Attn: Jay
        Rubin/Eugene Kim

        Title: Principal/Associate

        Address: 26050
        Mureau Road, Suite 101, Calabasas, CA 91302

        Phone: (818) 223-4388

        Fax: (818) 591-1450

        Email: jrubin@lee-re.com/ekim@lee-re.com

        Federal ID No.:

        Broker DRE License #: 01191898

        Agent DRE License #: 01320005/01521416

         
	
        SELLER

        Crusader Insurance Company

        By:/s/ Ron Closser

        Name Printed: Ron Closser

        Title: CEO

        Phone: (818) 591-9800

        Fax:

        Email:

        By:

        Name Printed:

        Title: Phone: Fax:
        Email:

        Address:

        Federal ID No.:

 

8.       ACKNOWLEDGMENT
OF RECEIPT: Buyer’s agent hereby acknowledges that a copy of the Counter Offer executed by Seller was received
on at ____________ am/pm.

By:

Name Printed: 

 

AIR
CRE * https://www.aircre.com
* 2136878777 * contracts@aircre.com NOTICE: No part of these works may be reproduced in any form
without permission in writing.

/s/ RC /s/ SH

Initials Initials

 

     

     

    

 

ADDENDUM TO THE COUNTER
OFFER - BUYER

Date:October
23, 2020

By and Between

Buyer:Alliant Capital, Ltd. and/or Assignee

Seller:Crusader Insurance Company

Property Address:26050 Mureau Rd, Calabasas,
CA 91302

(street address, city, state,
zip)

 

1.       Section
5 of the “Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate” dated October 20, 2020 shall
be not be redlined. Additionally, the New Loan shall be at least sixty-five percent (65%) of the Purchase Price and notification
shall be made within twenty-one (21) days.

 

2.       Section
9.1 of the “Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate” dated October 20, 2020 shall
read as follows: The Closing of this transaction is contingent upon the satisfaction or waiver of the following contingencies.
IF BUYER FAILS TO NOTIFY ESCROW HOLDER, IN WRITING, OF THE APPROVAL OF ANY OF SAID CONTINGENCIES WITHIN THE TIME SPECIFIED
THEREIN, IT SHALL BE CONCLUSIVELY PRESUMED THAT BUYER HAS DISAPPROVED SUCH ITEM, MATTER OR DOCUMENT. Buyer’s conditional
approval shall constitute disapproval, unless provision is made by the Seller within the time specified therefore by the Buyer
in such conditional approval or by this Agreement, whichever is later, for the satisfaction of the condition imposed by the Buyer.
Escrow Holder shall promptly provide all Parties with copies of any written disapproval or conditional approval which it receives.
With regard to subparagraphs (a) through (m) the preprinted time periods shall control unless a different number of days is inserted
in the spaces provided.

 

3.       The
first sentence of Section 9.1(c) of the “Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate”
dated October 20, 2020 shall read as follows: Hazardous Substance Conditions Report. Buyer has 21 days following
the receipt and review of the property information Sheet and a Hazardous Substance Conditions Report, or the Date
of Agreement, whichever is later, to satisfy itself with regard to the environmental aspects of the Property.

 

4.       The
first sentence of Section 9.1(g) of the “Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate”
dated October 20, 2020 shall read as follows: Survey. Buyer has 15 days following the receipt and review of the Title Commitment
and Underlying Documents, and 21 days from receipt and review of the ALTA survey, to satisfy itself with regard to any ALTA
title supplement based upon a survey prepared to American Land Title Association (“ALTA”) standards for an owner’s
policy by a licensed surveyor, showing the legal description and boundary lines of the Property, any easements of record, and any
improvements, poles, structures and things located within 10 feet of either side of the Property boundary lines.

 

5.       Section
9.1(r) shall be added to the “Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate” dated
October 20, 2020 and shall read as follows: (r) Phase I. Buyer shall have 21 days following receipt and review of a Phase I
Environmental Site Assessment within which to satisfy itself with regard to such report.

 

6.       Section
9.2 of the “Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate” dated October 20, 2020 shall
read as follows: All of the contingencies specified in subparagraphs (a) through (m) and (r) of paragraph 9.1 are for the
benefit of, and may be waived by, Buyer, and may be elsewhere herein referred to as “Buyer’s Contingencies.”

 

7.       The
revised Section 26 of the “Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate” dated October
20, 2020 shall be in effect and shall read as follows:

  

26.       Additional
Provisions. Additional provisions of this offer, if any, are as follows or are attached hereto by an addendum or addenda consisting
of paragraphs 26.1 through 26.8 . (If there are no additional provisions write “NONE”.)

 

/s/ RC /s/ SH

Initials Initials

     

     

    

 

26.1       Notwithstanding
anything in this Agreement to the contrary, other than the 21 days for the loan contingency, the receipt and review of
the ALTA survey, the Hazardous Substance Condition Report, Phase I report, and other environmental items, Buyer shall have
fifteen (15) days from its receipt of each item set forth in Section 9.1, to conduct its due diligence of the Buyer contingencies,
of which Buyer shall approve, waive, or disapprove at Buyer’s sole and absolute discretion. Buyer elects, pursuant to
paragraph 9.1(g), to obtain an ALTA extended coverage owner’s policy of title insurance.

 

26.2       Upon
the satisfaction or waiver of all Buyer contingencies, Escrow Holder shall release the Deposit to Seller.

 

26.3       All
existing furniture, fixtures and equipment in the building shall be included with the Purchase, at no additional charge to Buyer.
This shall exclude all FF & E in the suites occupied by Lee & Associates and Lake Murray Property LLC. Additionally, this
shall exclude all of Crusaders Insurance’s computer equipment and servers. During the Lease Back Period Crusader Insurance
Company shall have the right to utilize all the FF & E in the Premises.

 

26.4       Through
Escrow, Seller will sign a one (1) year Lease to remain on the second (2nd) floor of the Building at a rate of $2.25 per square
foot, net of electrical and janitorial on leased Premises only. Crusader Insurance shall have the right to utilize existing FF
& E during the Lease Period.

 

26.5       Buyer
is open to discuss a long term Lease with Seller for a portion of the space on the first (1st) floor of the building.

 

26.6       Existing
Lease: Buyer acknowledges that the property is subject to existing lease between Crusader Insurance (“Lessor”) and
Lee & Associates (Expires January 31, 2021) and Lake Murray Property LLC (Expires September 30, 2021, with one (1) two (2)
year option to renew. Buyer shall assume all responsibility as Lessor for existing lease obligations.

 

26.7       As-Is.
Except as otherwise expressly set forth in this Agreement, and subject to Seller’s representation and warranties set forth
in this Agreement, Buyer is purchasing the Property in its existing condition, “AS¬IS, WHERE¬IS, WITH ALL FAULTS.”

 

26.8       Property
Reports. Within five (5) days following the Date of Agreement, Seller shall make available to Buyer and Buyer’s representatives
at Seller’s offices for review and copying at Buyer’s expense, vis-à-vis an online due diligence room of Seller
relating to the Property, or as otherwise agreed to by Seller, to the extent within the possession or control of Seller, any environmental
studies, soils studies, plans, specifications, construction contracts, maps, past surveys and other similar materials relating
to the physical and environmental condition of the Property, including, without limitation, all soils reports, engineering reports,
architectural, civil, and structural reports, any Phase I, Phase II or other environmental site assessment, any test and lab results,
analyses, and/or material correspondence relating thereto (collectively, “Property Reports”). Except as set forth in
this Agreement, Seller makes no representations or warranties regarding the accuracy of the Property Reports or that the Property
Reports are complete copies of the same. Buyer acknowledges and understands that all such Property Reports made available by Seller
are to assist Buyer in conducting its examination and making its determination as to whether it wishes to purchase the Property,
and, in so doing, Buyer shall rely exclusively upon its own independent investigation, verification, and evaluation of the Property,
and not upon any of the Property Reports supplied by Seller.

This Addendum is attached and made
part of the abovereferenced Agreement (said Agreement and the Addendum are hereinafter collectively referred to as the “Agreement”).
In the event of any conflict between the provisions of this Addendum and the printed provisions of the Agreement, this Addendum
shall control.

AIR
CRE * https://www.aircre.com
* 2136878777 * contracts@aircre.com NOTICE: No part of these works may be reproduced in any form
without permission in writing.

/s/ RC /s/ SH

Initials InitialsDocument

Exhibit 10.1

TELEFLEX MEDICAL EUROPE LIMITED

and

MARIO WIJKER

_________________________________________________________________________________________________

CONTRACT OF EMPLOYMENT

_________________________________________________________________________________________________

1

THIS AGREEMENT is made on 1 September 2020 (this Agreement) BETWEEN:
(1)TELEFLEX MEDICAL EUROPE LIMITED (registered number 428329) of IDA Business & Technology Park,
Dublin Road, Garrycastle, Athlone, Co. Westmeath, N37 EC90 (the Company); and

(2)MARIO WIJKER of

1 Glenatore,

Athlone, Co. Westmeath N37 TD91
Ireland

(you),

(each a Party and together the Parties).

The Parties agree that the Company, subject to the following terms, will employ you on the conditions set out in this Agreement:

1.DEFINITIONS AND INTERPRETATION

1.1Words and expressions used in this Agreement (including the Schedule to it), except insofar as the context requires otherwise or unless defined elsewhere in this Agreement, have the meaning (if any) given to them in the Schedule hereto.

1.2This Agreement is to be construed and interpreted in accordance with the Schedule.

1.3The Schedule to this Agreement is to have effect as part of this Agreement.

1.4References to any statute, statutory instrument or any statutory provision shall be construed as references to the statute, statutory instrument or statutory provision as in force at the date of this Agreement and as subsequently re-enacted, consolidated or amended and shall include references to any statute, statutory instrument or any provision of which it is a re-enactment, consolidation or amendment.

1.5The Schedule to this Agreement is an integral part of this Agreement and references to this Agreement shall include reference thereto.

2.WARRANTIES

2.1You warrant that:

2.1.1by virtue of entering into this Agreement you will not be in breach of any express or implied terms of any contract, court order or any other obligation to any third party binding upon you;

2.1.2you have not made any material misrepresentations or omissions to the Company in respect of your previous employment, qualifications or generally;

2.1.3you are not prevented, restricted or disqualified from holding the office of director or secretary to any company, including, for the avoidance of doubt, the Board or the board of any Group Company;

2.1.4you are entitled to work and reside in Ireland without any additional approvals and/or permits and you will notify the Company immediately if you cease to be so entitled at any time during your employment with the Company; and
2.1.5you will not without the written consent of the Company work for anyone else while in the employment of the Company.

2

2.2You expressly acknowledge that all prior agreements, understandings, assurances, statements, promises, warranties, representations or misrepresentations (whether written or oral) between the Parties are superseded by this Agreement, including but not limited to your Employment Contract dated October 16, 2018.

3.APPOINTMENT

3.1The Company shall employ you and you agree to serve the Company as Corporate Vice President, QA/RA of the Company.

3.2Your employment under this Agreement will commence on 1 September 2020 and shall continue (subject to the provisions of this Agreement) until terminated by either party giving to the other not less than six (6) months' prior written notice (the Notice Period).

3.3Your prior service with the Company under Dutch contract will be recognised for continuity of service purposes and, accordingly, your commencement date for the purposes of any period of continuous employment with the Company will be January 2, 2019, your original hire date.

4.DUTIES

4.1Your normal duties are as follows:

4.1.1responsible for all of Quality Assurance and Regulatory Affairs with the Teleflex Group; and

4.1.2such other duties as may be assigned to you in accordance with Section 4.4 hereof.

4.2You will directly report to the CEO of Teleflex Incorporated (the CEO) and/or the Board and/or such other persons as the Company may direct from time to time.

4.3You agree to:

4.3.1faithfully and diligently perform duties and exercise such powers appropriate to your position which are from time to time assigned to or vested in you by the CEO and/or the Board and/or such other persons as the Company may direct from time to time. Your functions and responsibilities have been agreed between you and the CEO and/or the Board and/or such other persons as the Company may direct from time to time and whilst these may be changed from time to time, after consultation with you in the case of material changes, no change shall be made which would be inconsistent with your position;

4.3.2comply with all lawful and reasonable directions of the CEO and/or the Board and/or such other persons as the Company may direct from time to time;

4.3.3comply with the Company's and the Group's rules, regulations, policies and procedures from time to time in force as well as any applicable regulatory obligations and codes of practice whether or not such obligations are otherwise legally binding. In so far as there is any conflict between the terms of this Agreement or any other document, this Agreement shall prevail;

4.3.4use your best endeavours to promote the interests, business and welfare of the Company and the Group;

4.3.5keep the CEO and/or the Board and/or such other persons as the Company may direct from time to time promptly and fully informed (in writing if so requested) of your conduct of the business or affairs of the Company and the Group and provide such explanations as may be required by the CEO and/or the Board and/or such other persons as the Company may direct from time to time; and

4.3.6not knowingly do or willingly permit to be done anything to the prejudice, loss or injury of the Company or any Group Company and shall carry out such duties in a competent manner.

4.4The CEO and/or the Board and/or such other persons as the Company may direct from time to time may assign to you other appropriate duties at its discretion at any time during your employment which may include duties to be performed on behalf of any Group Company.

4.5You shall (without further remuneration) if and for so long as is required by the CEO and/or the Board and/or such other persons as the Company may direct from time to time:

3

4.5.1carry out duties on behalf of any Group Company;

4.5.2act as an officer of any Group Company or hold any other appointment or office as nominee or representative of the Company or any Group Company; and

4.5.3carry out such duties and the duties attendant on any such appointment as if they were duties to be performed by you on behalf of the Company.

5.PLACE OF WORK

5.1Your normal place of work is at the Company's premises at the IDA Business & Technology Park, Dublin Road, Garrycastle, Athlone, Co. Westmeath, Ireland. However, the Company reserves the right and by signing this Agreement you hereby agree to carry out your work, either on a temporary or permanent basis, at such location nationally or internationally as the Company may reasonably require from time to time.

5.2The Company reserves the right to change the place of your employment, in which event, you will be given reasonable notice.

5.3Any such change to place of work will not constitute a breach of this Agreement or give rise to any entitlement to payment to you for disturbance or otherwise.

6.HOURS OF WORK

6.1The normal office hours of the Company are between 8:15am and 5:00pm Monday to Thursday and 8:15am to 4:00pm on Friday. You determine your own working hours for the purposes of section 3(2)(c) of the Organisation of Working Time Act 1997. You will be expected to work such hours as are necessary to ensure the fulfilment of your job function and proper performance of the duties, including at weekends and beyond normal business hours. You are entitled to rest breaks in accordance with the Organisation of Working Time Act 1997.

6.2Save where on authorised leave (for holiday, or sickness or other reason) and save as modified by the provisions of this Agreement where you are placed on Garden Leave or suspended, your responsibilities with the Company will be such that you will devote the whole of your time, attention and ability during your hours of work to the Company (or where applicable any Group Company) to the performance of your duties under this Agreement.

6.3From time to time, you may be required to travel and/or work such additional time outside normal core hours as may be required to complete your responsibilities without additional remuneration, holidays or leave.

7.CONFLICTS OF INTEREST AND DEALINGS IN SECURITIES

7.1You shall be bound by and shall comply with the terms of the Teleflex Incorporated Code of Ethics at all times during the Term.
8.SALARY

8.1During the Term, the Company shall pay you a basic annual salary of €285,749 (gross) which shall accrue from day to day and be payable by equal monthly instalments in arrears by way of direct transfer into your nominated bank account on the 21st of each calendar month subject to PAYE, PRSI, USC and such other deductions or withholdings as are required by law (including benefit-in-kind taxation).

8.2There is no obligation on the Company to make any increase to your basic annual salary and any increase given in any year shall not create an entitlement or expectation of future increase.

8.3Your basic annual salary shall be deemed to include any fees receivable by you as an officer of the Company or any Group Company or of any company or unincorporated body in which you hold office as a nominee or representative of the Company.

8.4Your salary, remuneration, and all benefits shall at all times be subject to approval by the Compensation Committee of the Board of Directors of Teleflex Incorporated and amendments shall be at their discretion.

4

9.BONUS

9.1The Company operates a discretionary performance-related bonus scheme called the Teleflex Annual Incentive Program (AIP). In addition to your basic annual salary, you will be considered for participation in the AIP with a target payout of 50% of your annual salary. The AIP is designed to provide an annual cash incentive award to eligible employees who meet certain performance criteria. Any potential award would be based on the achievement of certain specified financial and other performance criteria and your achievement of certain specified individual performance objectives.

9.2Your participation in the AIP and any potential AIP award to be paid to you for any given year shall, in each case, be subject to approval by the Compensation Committee of the Board of Directors of Teleflex Incorporated, which shall have the authority to reduce any AIP award in its sole discretion in accordance with the terms of the applicable AIP plan.

10.ANNUAL LONG-TERM INCENTIVE PROGRAM

10.1You will be eligible to be considered for a long-term equity incentive award through the Teleflex Incorporated Stock Plan.

10.2Equity incentive award values are based on the Company's performance, your role in the organization and your individual performance.

10.3The form of equity incentive award may include restricted share units, stock options, other equity awards provided for under the Teleflex Incorporated Stock Plan or any combination thereof. Equity incentive awards, including the amount, form and allocation thereof and the vesting schedules and other terms applicable thereto, are subject to approval by the Compensation Committee of the Board of Directors of Teleflex Incorporated and may change from time to time.

11.OTHER BENEFITS

11.1The Company may, from time to time, offer you benefits other than those specified in this Agreement.

11.2Participation in benefit schemes shall be subject always to the rules and conditions applicable to each such scheme. The Company reserves the right at all times to vary or discontinue any benefits or benefit schemes in which you may be entitled to participate and/or substitute new benefit schemes for any scheme in which you may be eligible to participate. Any Company benefit scheme, which is insured, will be subject to and conditional upon the terms and conditions of the relevant policy of insurance.
12.CAR ALLOWANCE

12.1You will receive on an annual basis €18,000 gross as a car allowance, paid in 12 monthly instalments.

13.PRIVATE HEALTH INSURANCE

13.1From the date of this Agreement you are eligible to receive fully subsidised health insurance for you and your eligible dependents, subject to completion of an application form.

14.EXPENSES

14.1You shall be entitled to be reimbursed for all reasonable out-of-pocket expenses (including hotel, travelling and entertainment expenses) which you may from time to time be authorised to incur in the proper performance of your duties in accordance with any relevant policy from time to time subject to the production of such receipts or other evidence as the Company may reasonable require.

15.PENSION

15.1You will be eligible to participate in the Teleflex Pension Scheme which is a defined contribution scheme which has a sliding scale for employee contributions and Company matches.

15.2Whilst the Company intends to continue the operation of the current Teleflex Pension Scheme indefinitely it must as a matter of ordinary business prudence reserve its right to amend or terminate the Scheme at its discretion.

5

16.DEDUCTIONS

16.1The Company shall be entitled at any time during your employment, or in any event on its termination, to deduct from your remuneration any monies due from you to the Company including but not limited to any overpayments made to you, outstanding loans, advances, the cost of repairing any damage or loss to the Company's property caused by you (and of recovering the same) due to your negligence, excess holiday pay, any sums due from you in respect of sickness benefit and any other monies owed by you to the Company including any amounts owing by you to any credit card provider in relation to any corporate card provided to you through the Company. By signing this Agreement, you hereby consent to any such deductions from remuneration or other sums due by the Company.

17.ANNUAL LEAVE

17.1You are entitled to 24 working days' annual leave per annum calculated by reference to time worked on a pro rata basis (exclusive of public holidays).

17.2Annual Leave must be agreed with your manager as early as possible. Management will normally try to accommodate individual preferences for holiday dates, but the needs of the business may have to take precedence, particularly where inadequate notice is given.

17.3The Company holiday year runs from January 1st to December 31st. You will be allowed to carry over 5 unused holidays from one year to the next to be used by June 30th, unless otherwise agreed with the Company in writing.

17.4You are also entitled to paid public holidays subject to compliance with the Organisation of Working Time Act 1997.

17.5Upon termination of your employment you shall either be entitled to salary in lieu of any accrued but untaken holiday entitlement or be required to repay to the Company (by way of deductions or otherwise) any salary received in respect of holiday taken in excess of your holiday entitlement, such payment to be calculated on the basis of 1/260th of your basic annual salary for each day of outstanding or excess holiday entitlement as appropriate.
18.ILLNESS & ABSENCE PROCEDURE

18.1In case of sickness or other incapacity for work, you must comply with the Company's policy from time to time in force, regarding notification and medical certification. Full details of the Company's policy are set out in the Employee Handbook.

18.2You must notify the Company of any unplanned absence before 10am on the first and any subsequent day of absence (whether through illness or otherwise). Where there is continuing absence, you shall keep the Company fully informed on a regular basis of their condition and expected return to work.

18.3A medical certificate must be produced in respect of absence of three days or more and afterwards, at such intervals as required by the Company.

18.4The Company reserves the right to have you medically examined by a registered medical practitioner to be selected by the Company at any time during employment. Failure to attend at a medical examination when requested to do so may result in disciplinary action and/or termination of sick pay (if applicable). The Employee acknowledges and agrees that the Company is entitled to make relevant determinations based on the advice of its nominated doctor and/or consultant.

18.5The Company is not obliged to pay you during any unauthorised absence (whether through illness or otherwise), and in such event you should avail of any appropriate social welfare benefits from the Department of Employment Affairs and Social Protection. However, the Company may in its absolute discretion and without creating any expectation, precedent or entitlement, decide to pay you during periods of certified sickness absence. Such payment will be strictly conditional on your complying with all notification and certification requirements and attending medical examinations when requested by the Company.

18.6Where the Company makes payments to you during absence through illness and the illness is or appears to be an occasion of actionable negligence of a third party in which damages are or may be recoverable, you shall immediately notify the Company of that fact and of any claim, settlement, agreement or judgment made or awarded in connection with it, and shall give to the Company all particulars which the Company may reasonably 

6

require and shall, if required by the Company refund to the Company that part of any damages recovered related to loss of earnings for the period of the illness as the Company may reasonably determine, provided that the amount to be refunded will not exceed the amount of damages or compensation recovered by you less any cost borne by you in connection with the recovery of such damages or compensation and will not exceed the total remuneration paid to you by the Company by way of salary in respect of the period of illness.

19.TERMINATION

19.1The Company and/or the Board shall at all times be entitled to terminate this Agreement pursuant to clause 3.2 and 19.2.

19.2The Board may, at its sole and absolute discretion, terminate your employment at any time by serving a notice under this clause stating that this Agreement is being determined in accordance with this clause and undertaking to pay to you within 21 days a sum equal to your basic annual salary in lieu of the Notice Period or unexpired part thereof (subject to the deduction of applicable PAYE, PRSI and USC) together with any accrued holiday entitlement pursuant. For the avoidance of doubt, the payment in lieu shall not include any element in relation to:

19.2.1any bonus or commission payment that might otherwise have been due during the period for which the payment in lieu is made;

19.2.2any payment in respect of any additional benefits which you would have been entitled to receive during the period for which the payment in lieu is made; and/or
19.2.3any payment in respect of any holiday entitlement that would have accrued during the period for which the payment in lieu is made.

19.3On termination of this Agreement howsoever arising, the terms of clauses 20 (Confidentiality), 21 (Intellectual Property Rights), and 26 (Restrictive Covenants) shall remain in full force and effect.

19.4The Board shall be entitled, by notifying you in writing, to terminate this Agreement and your employment without notice or any payment by way of compensation, damages, payment in lieu of notice or otherwise if you shall:

19.4.1commit any act of serious misconduct;

19.4.2commit any material or persistent breach of any of the terms or conditions of this Agreement;

19.4.3have a bankruptcy order made against you or shall compound with or enter into any voluntary arrangements with your creditors;

19.4.4be charged with or convicted of any criminal offence (other than an offence under the Road Traffic Acts for which a penalty of imprisonment is not imposed);

19.4.5commit any act of dishonesty or act in any way which may, in the reasonable opinion of the Company, bring the Company or any Group Company into disrepute or discredit;

19.4.6wilfully neglect or refuse to carry out any of your duties or to comply with any instruction given to you;

19.4.7be prevented by illness or accident from performing your duties for a period in aggregate of 20 weeks in any 40 consecutive weeks or if you shall be absent from your duties by reason of illness or accident for more than 150 working days in any consecutive 12 months except where such incapacity arises out of the performance of your duties. You confirm that you do not suffer from any mental or physical illness that would affect your performance of your duties herein;

19.4.8be restricted or disqualified from holding office in any company or cease to have any regulatory approval required to enable you to properly perform your duties;

19.4.9engage in fraud or embezzlement or any other illegal conduct with respect to the Company;

19.5The Board shall have the right to suspend you on full pay for a reasonable period pending any investigation and subsequent disciplinary hearing (if any), including any appeal hearing, into any potential dishonesty, gross misconduct or any other circumstances which may give rise to a right to the Company to terminate pursuant to clause 19.4 above. In such circumstances the Board may:

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19.5.1exclude you from all or any premises of the Company or any Group Company;

19.5.2require you to abstain from engaging in any contact (whether or not initiated by you) which concerns any of the business affairs of the Company or any Group Company with any customer, client, supplier, other business connection, employee, director, officer, consultant or agent of the Company or any Group Company;

19.5.3require you to deliver up to the Company without destruction, deletion or redaction of any data or images, any correspondence, documents, laptops, computer drives, computer disks and other computer equipment, tapes, mobile telephones or Blackberry or Smartphone wireless devices (or similar) in your profession or under your control and which belong to the Company or any Group Company and to provide to the Company full details of all then current passwords or other privacy or security measures used by you in respect of such equipment; or
19.5.4suspend or limit your access to the Company's computer, e-mail, telephone, voicemail and other communication systems or databases.

19.6You shall not at any time during any period when you are required to cease the performance of your duties under clause 19.10 or after the Termination Date make any public statements in relation to the Company or any Group Company or any of their officers or employees. You shall not after the Termination Date represent yourself as being employed by or connected with the Company or any Group Company.

19.7All property of the Company and any Group Company including all Confidential Business Information, credit, charge and expense cards, books, notes, memoranda, correspondence, tapes, codes, keys, papers, drawings, designs, documents, records, computer disks, computer hardware, computer software, laptops, mobile phones, memory sticks and other storage devices, client contact information posted by you to social media sites such as LinkedIn and passes in your possession or control are and remain the property of the Company or such Group Company and you shall deliver all such items in your possession, custody or control immediately to the Company on the Termination Date, or earlier if requested by the Company (including, for the avoidance of doubt, where you are required to cease the performance of your duties under clause 19.10). You shall, if so required by the Company, confirm in writing compliance with your obligations under this clause and in particular that all Company property has been delivered up to the Company before the termination of your employment.

19.8If, before the termination of this Agreement, your employment shall be terminated by reason of the liquidation or other cesser of operations of the Company for the purpose of reconstruction or amalgamation and you shall be offered employment with any concern or undertaking resulting from such reconstruction or amalgamation on terms and conditions not less favourable than the terms of this Agreement, then you shall have no claim against the Company or any Group Company in respect of the termination of your employment or loss of office.

19.9If you are a director of the Company or any Group Company, you shall, at the request of the Company, resign without claim for compensation as an officer of the Company or of any Group Company and from all other appointments or offices which you hold as nominee or representative of the Company or any Group Company:

19.9.1on termination of this Agreement for whatever reason; or

19.9.2if at any time during the Term you are prevented from performing your duties whether through incapacity or otherwise and the Company requires you to resign; or

19.9.3during any period when the Company has ceased to provide work for you pursuant to clause 19.10, and in any event, on the Termination Date.

If you should fail to do so within seven days, the Company is hereby irrevocably authorised to appoint some person in your name, as your attorney and on your behalf to sign any documents or do any things necessary or requisite to effect such resignation(s).

19.10The Company may, at any time and for any reason, following the giving of notice by either Party to terminate this Agreement and for such period as it may specify not exceeding the Notice Period:

19.10.1require you to perform:

(a)all your normal duties; or

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(b)a part only of your normal duties and no other; or

(c)such other duties as it may require and no others; or

(d)no duties whatever;
19.10.2exclude you from all or any premises of the Company and any Group Company;

19.10.3require you not to contact any customers, clients, consultants, officers, suppliers or employees of the Company of any Group Company in connection with the business of the Company or any Group Company;

19.10.4require you to perform some or all of your duties from home;

19.10.5require you to assist the Company to arrange a proper handover of your duties and responsibilities to another employee of the Company;

19.10.6require you to resign from any directorship or office you may hold by virtue of your employment and in the event of your failure to do so, the Company is hereby irrevocably authorised to appoint some person in your name to sign and deliver the letter(s) of resignation to the Board and the board of directors for the time being of any other Group Company, as applicable;

19.10.7suspend your access to all or any information technology systems of the Company and any Group Company; and/or

19.10.8any combination of the above.

Any such period during which one or more of the above circumstances pertains shall be referred to as Garden Leave provided that the Company has so specified in writing that you have been placed on Garden Leave.

During Garden Leave:

19.10.9you shall remain entitled to your normal remuneration provided that you comply with the terms of this Agreement, such compliance or otherwise to be determined at the sole discretion of the Board;

19.10.10if requested by the Company, you should keep the Company reasonably informed of your whereabouts so that you can be called upon, on reasonable notice, to perform any appropriate duties as required by the Company or any Group Company;

19.10.11all other terms of your employment will continue including, without limitation, your obligations of good faith, fidelity, confidentiality, fiduciary duties and all of your express and implied obligations; and

19.10.12the Company shall be entitled at any time to appoint a further executive, director or employee having the responsibilities similar to those undertaken by you to act jointly with you and in that event with such appointment.

20.CONFIDENTIALITY

20.1You acknowledge that during the Term you shall, in the performance of your duties, become aware of trade secrets and other Confidential Business Information relating to the Company, the Group Companies, their businesses and its or their past, current or prospective suppliers, clients or customers and their businesses.

20.2Without prejudice to your general duties at common law in relation to such trade secrets and other confidential information, you shall not (except in the proper performance of your duties under this Agreement) during the Term or at any time after the Termination Date (without limit):

20.2.1use for your own account or directly or indirectly disclose, communicate or divulge to any person whomsoever and shall use your best endeavours to prevent the publication, communication or disclosure of any Confidential Business Information or any trade secret or other confidential information concerning the business finances, dealings, transactions or affairs of the Company or any Group Company or of any of their respective customers or clients entrusted to you or arising or coming to your knowledge during the course of your employment or otherwise.

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20.2.2make, otherwise than for the benefit of the Company or any Group Company, any notes or memoranda relating to any Confidential Business Information or other matter within the scope of the business of the Company or any Group Company or concerning any of the dealings or affairs of the Company or any Group Company; or

20.2.3use or permit to be used any such notes or memoranda otherwise than for the benefit of the Company or any Group Company, it being the intention of the parties hereto, that all such notes or memoranda made by you during this Agreement shall be the property of the Company or the relevant Group Company and left at its registered office or place of business upon the termination of your employment.

20.3The obligations contained in this clause shall not apply to any disclosures required by law and shall cease to apply to information or knowledge which may subsequently come into the public domain otherwise than by reason of your default.

20.4Any breach by you of the provisions of this clause will be regarded by the Company as a serious disciplinary matter and may, if committed while you are employed by the Company, result in disciplinary action being taken against you up to and including dismissal without notice.

21.INTELLECTUAL PROPERTY RIGHTS

21.1This clause relates to all Intellectual Property (as defined in clause 21.8 below) discovered, conceived, invented, developed, created or improvements in procedure made or discovered by you (whether alone or jointly with others) while in the employment or service of the Company and/or the Group in connection with or in any way affecting or relating to the businesses of the Company and/or the Group or capable of being used by the Company and/or the Group. You shall promptly notify and disclose to the Company and/or the Group, or any person(s) designated by the Company and/or the Group, all such Intellectual Property and, whenever requested by the Company and/or the Group and in any event upon the termination of this Agreement, deliver up to the Company and/or the Group all correspondence and other documents, papers and records and all copies thereof in your possession, custody or power relating to any such Intellectual Property.

21.2All Intellectual Property to which this clause applies shall to the fullest extent permitted by law automatically vest in, belong to, and be the absolute sole and unencumbered property of the Company and/or the Group. You undertake to hold on trust for the benefit of the Company and/or the Group any such Intellectual Property to the extent that the same may not be, and until the same is, vested absolutely in the Company and/or the Group.

21.3To the extent any Intellectual Property to which this clause applies is not already owned by the Company and/or the Group as a matter of law or by prior written assignment by you to the Company and/or the Group, you hereby assign (including, without limitation, by way of present assignment of future rights) to the Company and/or the Group, and agree to assign to the Company and/or the Group in the future (to the extent required), all right, title and interest that you now have or acquire in the future in and to any and all such Intellectual Property. You shall further cooperate with the Company and/or the Group in obtaining, protecting and enforcing the Company's and/or the Group's rights and interests in Intellectual Property. Such cooperation shall be at the Company's and/or the Group's expense, and shall include, at the Company's and/or the Group's election, without limitation, signing all documents reasonably requested by the Company and/or the Group for patent, copyright and other Intellectual Property applications and registrations, and individual assignments thereof, and providing other reasonably requested assistance. Your obligation to assist the Company and/or the Group in obtaining, protecting and enforcing the Company's and/or the Group's Intellectual Property rights shall continue following your employment with the Company and/or the Group, but the Company and/or the Group shall be obliged to compensate you at the prevailing reasonable consulting rate for any time spent and any out-of-pocket expenses incurred at the Company's and/or the Group's request for providing such assistance. Such compensation shall be paid irrespective of, and is not contingent upon, the substance of any testimony you may give or provide while assisting the Company and/or the Group.

21.4If the Company and/or the Group is unable for any reason whatsoever to secure your signature on any lawful and necessary document to apply for, execute or otherwise further prosecute or register any patent or copyright application or any other Intellectual Property application or registration, you hereby irrevocably designate and appoint the Company and/or the Group and its duly authorised officers and agents as your agents and attorneys-in-fact to act for and on your behalf and instead of you to execute and file such lawful and necessary documents and to do all other lawfully permitted acts to further prosecute, issue and/or register patents, copyrights and any 

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other Intellectual Property rights with the same legal force and effect as if executed by you. Where any Intellectual Property rights to which this clause 21 apply have been created jointly by you and any other person or persons, you shall, without prejudice to his or her obligations under this clause 21, use your best endeavours to procure that the other person or persons assign(s) to the Company and/or the Group the relevant interests in such rights.

21.5You acknowledge that, save as provided in this Agreement, no further remuneration or compensation is or may become due to you in respect of the performance of their obligations under this clause.

21.6You agree to waive any moral rights in the Intellectual Property to which you are now or may at any future time be entitled under the Copyright and Related Rights Act 2000 or any similar provision of law in any jurisdiction, including (but without limitation) the right to be identified, the right of integrity and the right against false attribution, and agrees not to institute, support, maintain or permit any action or claim to the effect that any treatment, exploitation or use of such work or other materials, infringe your moral rights.

21.7You shall immediately on the date of termination deliver to the Company and/or the Group all materials in your possession or in your control relating to any Intellectual Property rights belonging to the Company and/or the Group (including rights falling within scope of this clause 21 which have not yet formally vested in the Company and/or the Group) which shall include (without limitation) all reports, studies, data, drawings, diagrams, charts, designs, records and computer software on whatever media together with all drafts and working papers relating to such materials.

21.8"Intellectual Property" means any and all discoveries, concepts, ideas, inventions, formulae, trade secrets, devices, designs, models, methods, techniques, processes, specifications, tooling, improvements to existing technology whether or not written down or otherwise converted to tangible form, rights with respect to software, works of authorship, copyrighted and copyrightable works, mask works, rights in know-how and confidential information, database rights, trademarks and service marks, goodwill, domain names, technical and product information, patents, any rights equivalent or similar to any of the foregoing and any other proprietary or intellectual property rights now known or hereafter recognised, in each case: (i) anywhere in the world; (ii) whether unregistered or registered (including applications, rights to apply and rights to claim priority); (iii) including all divisionals, continuations, continuations-in-part, reissues, extensions, re- examinations and renewals; (iv) including rights to derivatives, improvements, modifications, enhancements, revisions, and releases to any of the foregoing; and (v) claims and causes of action arising out of or related to infringement, misappropriation or violation of any of the foregoing.

22.DIRECTORSHIPS

22.1You undertake that, if you are appointed a director of the Company or any Group Company, you shall not during the continuance of this Agreement disqualify yourself from holding office as a director. If you are or become disqualified from being a director by reason of any order made by any competent court, the Company may terminate your employment summarily without compensation in accordance with the provisions of this Agreement.

22.2You shall not be entitled to any additional remuneration in respect of your directorship (if any) of the Company or any Group Company
23.DISCIPLINARY PROCEDURE

23.1The Company requires a good standard of discipline and conduct from you together with satisfactory standards of work. Disciplinary action up to and including dismissal may take place if your conduct or standard of work falls below an acceptable level. Summary dismissal may take place where gross misconduct occurs. The disciplinary procedures do not apply to employees who have not completed probation. Full details of the Company's Disciplinary Procedure are contained in the Employee Handbook.

24.1GRIEVANCE PROCEDURE

242The Company has a grievance procedure, applicable to all employees. The purpose of the grievance procedure is to resolve any work-related problem as quickly as possible. All grievances will be dealt with seriously and confidentially and you need not fear victimisation for making or being involved in a complaint. Full details of the Company's Grievance Procedure is contained in the Employee Handbook.

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25.NOTICES

Any notice to be given under this Agreement shall be in writing. Notices may be served by either party by personal service or by recorded delivery or by registered post addressed to the other party or by leaving such notice at (in the case of the Company) its registered office for the time being and (in your case) your last known address and any notice given shall be deemed to have been served at the time at which the notice was personally served or if sent by recorded delivery at the time of delivery as recorded or if sent by first- class post on the second working day after posting or in the case of being left as appropriate at the registered office or last known address, the date on which it was so left.

26.RESTRICTIVE COVENANTS

26.1You acknowledge and agree that:

26.1.1The Group is in a unique and highly specialised business, which is international in scope with a large number of competitors;

26.1.2The Company and Group possess a valuable body of Confidential Business Information and that your knowledge of that Confidential Business Information directly benefits you by enabling you to perform your duties;

26.1.3During the course of your employment with the Company you are likely to develop close links with customers, clients, suppliers and other employees of the Company and the Group and to have access to Confidential Business Information;

26.1.4The protection of Confidential Business Information, intellectual property, customer connections, supplier connections, goodwill and the stability of the workforce of the Company and its Group Companies are legitimate business interests requiring protection; and

26.1.5The disclosure of any Confidential Business Information to any actual or potential competitor of the Company or any Group Company would place the Company at a serious competitive disadvantage and would cause immeasurable (financial and other) damage to the Company.

26.2Without prejudice to your general duties or obligations under common law or statutory law, in order to protect the Company's legitimate business interests, you undertake to the Company that you shall not, both (i) during your employment with the Company and (ii) for the duration of the Restricted Period and within the Restricted Area either directly or indirectly without the prior written consent of the Company and/or the Group:

26.2.1hold any Material Interest in any business which is or shall be wholly or substantially in competition with any of the Businesses, save that you may hold for investment up to 1% of any class of securities quoted or dealt in on a recognised investment exchange; and
26.2.2hold any Material Interest in any person, firm or company which requires or might reasonably be thought by the Company or any Group Company to require you to disclose or make use of any Confidential Business Information in order to properly discharge your duties or to further your interest in such person, firm or company;

26.2.3accept, canvass or solicit the custom of or entice away (or try to entice away) from the Company or any Group Company, whether on your own behalf or on behalf of others, the custom or business for any Restricted Products or Restricted Services of any person who is or was a Customer of the Company or any Group Company at any time during the Relevant Period and in respect of whom you had access to Confidential Business Information or with whose custom or business you were personally concerned or employees reporting directly to you were personally concerned;

26.2.4deal with or otherwise accept, in competition with the Company or any Group Company, the custom of, any person who was, during the Relevant Period, a customer or client of, or in the habit of dealing with, the Company or, as the case may be, any Group Company and in respect of whom you had access to Confidential Business Information or with whose custom or business you were personally concerned or employees reporting directly to you were personally concerned;

26.2.5interfere or seek to interfere or take such steps as may interfere with the continuance of supplies to the Company or any Group Company (or the terms relating to such supplies) from any suppliers who have 

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been supplying components, materials or services to the Company or any Group Company at any time during the Relevant Period and in respect of whom you had access or with whose supplies you were personally concerned or employees reporting directly to you were personally concerned;

26.2.6canvass or solicit the services of or entice away (or try to entice away) from the Company or any Group Company or engage, whether on your own behalf or on behalf of others any person with whom you worked, or had managerial responsibility for, at any time during the Relevant Period, and who is or was at the Termination Date (i) employed or directly or indirectly engaged by the Company or any Group Company in an executive, sales, marketing, research or technical capacity; and (ii) whose departure from the Company or any Group Company would have a material adverse effect on the business (a Restricted Person); and

26.2.7employ or engage or otherwise facilitate the employment or engagement of any Restricted Person whether or not such person would be in breach of contract as a result of such employment or engagement.

26.3You agree that you will not, whether directly or indirectly:

26.3.1after the Termination Date, use in connection with any business, any name that includes the name of the Company or any Group Company, or any colourable imitation of such names.

26.3.2at any time during the Restricted Period, induce or seek to induce by any means involving the disclosure or use of Confidential Business Information, any Customer to cease dealing with the Company or any Group Company or to restrict or vary the terms upon which it deals with the Company or any Group Company;

26.3.3at any time during the Restricted Period, represent yourself or permit yourself to be held out by any person, firm or company as being in any way connected with or interested in the business of the Company or any Group Company and that you shall take such steps as are necessary to comply with this obligation (including but not limited to amending your social media profile) provided that such steps are not inconsistent with your ongoing obligations under this Agreement; and

26.3.4at any time during the Restricted Period, disclose to any person, firm or company or make use of any Confidential Business Information.
26.4You acknowledge and agree that the restrictions in this clause are independent and severable and are fair and reasonable in all the circumstances. If any of the restrictions are adjudged by a court of competent jurisdiction to go beyond what is reasonable in all the circumstances for the protection of the legitimate interests of the Company or any Group Company but would be reasonable if any particular restriction or restrictions, or part of their wording, were deleted, such restrictions shall apply with such deletion as may be necessary to make them valid and effective.

26.5You agree that if, during the continuance in force of the restrictions set out in this clause you receive an offer of employment, you will immediately provide the prospective employer with a complete and accurate copy of the restrictions set out in this clause and shall tell the Company the identity of that person as soon as possible.

26.6You acknowledge and agree that the restrictions set out in this clause are reasonable and go no further than is reasonably necessary to protect the legitimate business interests of the Company and any Group Company.

26.7Nothing contained in this clause shall act to prevent you from using generic skills learnt while employed by the Company in any business or activity which is not in competition with the Company.

26.8You have given the undertakings contained in this clause to the Company as trustee for itself and for each Group Company and will at the request and cost of the Company enter into direct undertakings with any Group Company which correspond to the undertakings in this clause, or which are less onerous only to the extent necessary (in the opinion of the Company or its legal advisers) to ensure that such undertakings are valid and enforceable.

26.9Upon termination of your employment, the Company may require you to attend an interview which shall be conducted by a representative of the Company at which the Company's representative shall review with you the terms of this clause and the precise nature of your obligations to the Company under this clause.

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26.10For the avoidance of doubt, the period of any restrictive covenant under this clause shall be reduced by any period that you spend on Garden Leave immediately before termination of this Agreement.

26.11If your employment is transferred to any firm, company, person or entity other than a Group Company (i.e. a New Employer) pursuant to the European Communities (Protection of Employees on Transfer of Undertakings) Regulations 2003, you will, if required, enter into an agreement with the New Employer containing post-termination restrictions corresponding to those restrictions in this clause.

27.DATA PROTECTION

27.1Details of how and why the Company processes your personal data are contained in the Employee Handbook and/or the Company's data privacy notice, which may be provided to you separately. You expressly acknowledge and agree that the terms of the data privacy notice do not form part of your terms and conditions of employment, however, you may be asked to acknowledge receipt of the data privacy notice.

28.VARIATION

28.1In addition to any specific reservations referred to in this Agreement, the Company reserves the right to make reasonable changes to the terms and conditions of your employment from time to time. You will be notified in writing of any change as soon as possible and in any event within one month of the change.

29.GOVERNING LAW

This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of Ireland and the parties to this Agreement hereby submit to the exclusive jurisdiction of the Irish Courts.
30.COUNTERPARTS

This Agreement may be executed in any number of counterparts, each of which, when executed, shall be an original and all the counterparts together shall constitute one and the same instrument.

31.GENERAL

31.1This Agreement shall form the statement of your terms and conditions of employment in compliance with the provisions of the Terms of Employment (Information) Act 1994 – 2014.

31.2This Agreement constitutes the entire and only legally binding agreement between the Parties relating to your employment by the Company or any Group Company. All previous agreements, understandings, assurances, statements, promises, warranties, representations or misrepresentations (whether written or oral) between the Parties are superseded by this Agreement.

31.3Where, in connection with this Agreement you undertake any obligation in respect of any Group Company, you unconditionally and irrevocably acknowledge and agree that the Company is entering into this Agreement and accepting the benefit of such obligations not only for itself but also as agent and trustee for such other Group Company. For the purposes of this Agreement, and notwithstanding any of the other provisions of this Agreement, the Company will be entitled to carry out all or any of its obligations under this Agreement, whether as to payment of remuneration, deduction of amounts or otherwise, through any Group Company as it may from time to time determine and the Company may enforce the provisions of this Agreement either directly as a party to it or as an agent for and on behalf of any such Group Company.

31.4No failure or delay by the Company in exercising any remedy, right, power or privilege under or in relation to this Agreement shall operate as a waiver of the same nor shall any single or partial exercise of any remedy, right, power or privilege preclude any further exercise of the same or the exercise of any other remedy, right, power or privilege.

31.5No waiver by the Company of any of the requirements of this Agreement or of any of its rights under this Agreement shall have effect unless given in writing and signed by the Company. No waiver of any particular breach of the provisions of this Agreement shall operate as a waiver of any repetition of that breach.

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31.6If any provision of this Agreement shall be, or become, void or unenforceable for any reason within any jurisdiction, this shall affect neither the validity of that provision within any other jurisdiction nor any of the remaining provisions of this Agreement.

31.7You agree that the Company may transfer, upon agreement, your employment from the Company to such other Group Company as the Company may determine and/or require you to execute a service agreement with that other company (provided that the terms of that agreement are no less favourable than those of this Agreement).

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SCHEDULE DEFINITIONS
In this Agreement the following words and expressions shall have the following meanings:

Board means the board of directors for the time being of the Company and includes any person or committee duly authorised by the board of directors, or any nominee of a Group Company, or any majority or sole shareholder of the Company duly authorised to act on its behalf for the purposes of this Agreement (including any committee of the Board duly appointed by it);

Businesses means all and any trades or other commercial activities (including without limitation Restricted Products and/or Restricted Services) of the Company or any Group Company:

(a)with which you were concerned or involved to any material extent at any time during Relevant Period which the Company or any Group Company carries on with a view to profit; or

(b)which the Company or any Group Company, at the Termination Date, had determined to carry on with a view to profit in the immediate or foreseeable future and in relation to which you possess any Confidential Business Information as at the Termination Date; 1

CEO means the CEO of Teleflex Incorporated;

Companies Act means the Companies Act 2014 and all other statutes and statutory instruments or parts thereof which are to be read as one with or construed or read together as one with such statutes;

Confidential Business Information means all and any Corporate Information, Marketing Information, Technical Information and other information (whether or not recorded in documentary form or on computer disk or tape or howsoever) which the Company or any Group Company considers confidential or in respect of which it owes an obligation of confidentiality to any third party:

(a)which you acquire at any time during your employment by the Company or you have acquired during your prior employment with the Company but which does not form part of your own general knowledge or stock in trade; and

(b)which is not in the public domain or readily ascertainable to persons not connected with the Company or any Group Company either at all or without a significant expenditure of labour, skill or money;

Corporate Information means all and any information (whether or not recorded in documentary form or on computer disk or tape or howsoever) relating to the business methods, corporate plans, management systems, finances, maturing new business opportunities or research and development products of the Company or any Group Company;

Customer means any person, firm or company with whom you had material or regular dealings at any time during the Relevant Period or which is, at the Termination Date, negotiating with the Company or any Group Company for the supply of any Restricted Products or the provision of any Restricted Services or to whom or which the Company or any Group Company, during the Relevant Period, supplied any Restricted Products or provided any Restricted Services;

Group means the Company and each Group Company;

Group Company means Teleflex Incorporated and each of its direct and indirect Subsidiaries from time to time (and for this purpose Subsidiary has the meaning given to it in section 7 of the Companies Act 2014);

Immediate Relative means in relation to you, any spouse, civil partner, children and the foresaid relatives by marriage;

Marketing Information means all and any information (whether or not recorded in documentary form or on computer disk or tape or howsoever) relating to the marketing, branding, or sales of any past, present or future product or service of the Company or any Group Company including without limitation sales targets and statistics, market share and pricing statistics, marketing surveys and plans, market research reports, sales techniques, price lists, discount structures, advertising and promotional material, the names, addresses, telephone numbers, contact names and identities of customers and potential customers of and suppliers and potential suppliers to the Company or any Group Company, the nature of their business operations, their requirements for any product or service sold to or purchased by the Company or 

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any Group Company and all confidential aspects of their business relationship with the Company or any Group Company;

Material Interest means:

(a)the holding of any position as director, officer, employee, consultant, partner, principal or agent; or

(b)the direct or indirect control or ownership (whether jointly or alone) of any shares (or any voting rights attached to them) or debentures save for the ownership for investment purposes only of not more than 3% of the issued ordinary shares of any company whose shares are listed or dealt in on any recognised stock exchange or securities market; or

(c)the direct or indirect provision of any financial assistance; or

(d)property interests, whether leasehold or freehold.

month means calendar month and "months" and "monthly" shall be construed accordingly;

officer means a director or secretary of a company;

Relevant Period means the 12 months prior to, and including, the Termination Date;

Restricted Area means anywhere within the island of Ireland;

Restricted Period means the period of nine months from the Termination Date;

Restricted Products means all and any products of a kind which are or shall be dealt in, produced, marketed or sold by the Company or any Group Company in the ordinary course of the Businesses, the sale, production or marketing of which you were involved to any material extent at any time during the Relevant Period;

Restricted Services means all and any services of a kind which are or shall be provided by the Company or any Group Company in the ordinary course of the Businesses, the supply of which you were involved to any material extent at any time during the Relevant Period;

Technical Information means all and any trade secrets, secret formula, processes, inventions, designs, know-how, discoveries, intellectual property, technical specifications and other technical information (whether or not recorded in documentary form or on computer disk or tape or howsoever) relating to the creation, production or supply of any past, present or future product or service of the Company or any Group Company;

Teleflex Incorporated Stock Plan means the Teleflex Incorporated 2014 Stock Incentive Plan or any successor plan.

Term means the period of your employment;

Termination Date means the date on which your employment under this Agreement shall terminate for whatever reason, and derivative expressions shall be construed accordingly;

17

IN WITNESS whereof the parties have executed this Agreement on the date first written above.

TELEFLEX MEDICAL EUROPE LIMITED

By:  /s/ Monika Vikander Hegarty
Name:  Monika Vikander-Hegarty
Title:  Director

  /s/ Mario Wijker        
MARIO WIJKER

18

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