Document:

Exhibit
10.17

 

520
Main Street Canon City Real Estate Lease

 

This
Lease Agreement (this “Lease”) is dated June 1, 2014, by and between Jannie Coyne (“Landlord”), and {Darren
Lampert, CEO, GrowGeneration Pueblo Colp,(“Tenant”). The parties agree as follows.

 

PREMISES. Landlord,
in consideration of the lease payments provided in this Lease, leases to Tenant retail, and office space (the
“premises”) at 520 Main Street, Canon City, Colorado 81212.

 

TERM.
The lease term will begin on June 1, 2014 and will terminate on May 31, 2017 at 11:00 AM.

 

LEASE
PAYMENTS. Year 1, tenant shall pay to Landlord monthly installments of $850.00, payable in advance on the first day of each
month for 12 months, beginning June 1, 2014 and ending May 1, 2015. Year 2 tenant shall pay to Landlord monthly installments of
$900.00, payable in advance on the first day of each month for 12 months, beginning June 1, 2015 and ending May 1, 2016. Year
3 tenant shall pay to Landlord monthly installments of $950.00, payable in advance on the first day of each month for 12 months,
beginning June 1, 2016 and ending May 1, 2017.

 

Lease
payment shall be made to the Landlord at P.O. Box 151189, Denver Co. 80215-1189.

 

SECURITY
DEPOSIT. Current security deposit of $500 paid November 17, 2012, will is applied to this lease. Tenant is responsible for
damages to the Premises (if any),all unpaid rents and utilities as provided by law. If no damages, are detected and all rents
and utilities have been paid at the end of this lease the $500 deposit will be returned to Tenant within 45 days. Any damages,
unpaid rents or unpaid utilities will be subtracted from the deposit and the deposit balance returned to the tenant. If unpaid
rents, damages or utilities exceed the amount of the deposit, the tenant is responsible to pay the documented amount within 10
days of notification.

 

POSSESSION.
Tenant shall be entitled to possession on June 1, 2014 for the term of this Lease, and shall yield possession to Landlord
on the last day of the term, May 31, 2017, unless otherwise agreed by both parties in writing. At the expiration of the term,
Tenant shall remove all goods and effects and peaceably yield up the Premises to Landlord in as good a condition as when delivered
to Tenant, ordinary wear and tear excepted.

 

USE
OF PREMISES. Tenant may use the Premises only for sales, training, and office operations.

 

City,
State and Federal Code Requirements. Tenant is responsible for modification costs required to meet city, state, and federal
building code applicable to the occupancy and operations of the tenants business.

 

FURNISHINGS.
All unattached furnishings are Tenant owned.

 

    

     

    

 

PROPERTY
INSURANCE. Landlord and Tenant shall each maintain appropriate insurance for their respective interests in the Premises and
property located on the Premises. Landlord shall be name as an additional insured in such policies. Tenant shall deliver appropriate
evidence to Landlord as proof that adequate insurance is in force issued by companies reasonably satisfactory to Landlord. Landlord
shall receive advance written notice from the insurer prior to any termination of such insurance policies. Tenant shall also maintain
any other insurance which Landlord may reasonably require for the protection of Landlord’s interest in the Premises. Tenant is
responsible for maintaining casualty insurance on their own property.and business operations. Increases in insurance over 5% will
require a rent adjustment.

 

LIABILITY
INSURANCE. Tenant shall maintain liability insurance on the Premises in a total aggregate sum of at least $1,000,000.00. Tenant
shall deliver appropriate evidence to Landlord as proof that adequate insurance is in force issued by companies reasonably satisfactory
to Landlord. Landlord shall receive advance written notice from the insured prior to any terminations of such insurance policies.

 

MAINTENANCE.
Landlord’s obligations for maintenance shall include: the roof, outside walls, and other structural parts of the building.
All other items of maintenance not specifically are delegated to Tenant under this Lease.

 

Tenant’s
obligation for maintenance shall include all items not specified under landlords obligation. Any structural changes or remodeling
of the store and will require landlord approval, and must meet all City, County and State Code and inspections.

 

UTILITIES
AND SERVICES. Electricity, gas, water, sewer and trash are the Tenant responsibility. Water and sewer are shared expenses
and divided between the three properties that share water and sewer. Average cost over the past year is $35 per month and this
amount is in addition to the rent. Cost increases will continue to be share by the three tenants. The tenant will be notified
of the increase and adjustments and will pay the adjusted amount and increase the following month. Excess water use do to failure
to maintain plumbing will be tenant responsibility.

 

TAXES.
Taxes attributable to the Premises or the user of the Premises shall be has follows: Real Estate Taxes. Landlord shall pay
all real estate taxes and reassessments for the Premises. All other business related taxes are tenants responsibility. Increases
in property tax over 5% will requite a rent adjustment.

 

TERMINATION.
A 90 day written and signed notice of termination is required. The 90 day notice to terminate may be given as early as 90
days prior, within 90 days of lease completion. Notwithstanding any other provision of this Lease, Landlord or Tenant may terminate
this lease upon 90 day’s written notice. Once notice is given the Landlord has the right to place for rent/lease signs in the
windows and to show the property to prospective tenants. Landlord will notify the tenant prior to scheduled showings Once termination
notice has been give landlord will be allowed to show the property upon request.

 

    2

     

    

 

DEFAULTS.
Tenant shall be in default of this Lease if Tenant fails to fulfill any lease obligation or term by which Tenant is bound.
Subject to any governing provisions of law to the contrary, if Tenant fails to cure any financial obligation within 3 day (or
any other obligation with 5 days) after written notice of such default is provided by Landlord, to tenant, Landlord may take possession
of the Premises without further notice (to the extent permitted by law) and without prejudging Landlord’s right to damages. In
the alternative, Landlord may elect to cure any default and the cost of such action shall be added to Tenant’s financial obligations
under this Lease. Tenant shall pay all costs, damages, and expense (including reasonable attorney fees and expenses) suffered
by Landlord by reason of Tenant’s defaults. All sums of money or charges required to be paid by Tenant under this lease shall
be additional rents. Whether or not such sums or charges are designated as “additional rent”. The rights provided by
this paragraph are cumulative in nature and are in additional to any other rights afforded by law.

 

LATE
PAYMENT. For any payment that is not paid within 3 days after its due date, Tenant shall pay a late fee of $50.00 and $10
per day until the rent is paid.

 

CUMULATIVE
RIGHTS. The rights of the parties under this lease are cumulative, and shall not be construed as exclusive unless otherwise
required bylaw.

 

MECHANIC
LIENS. Neither the Tenant nor anyone claiming through the Tenant shall have the right to file mechanics liens or any other
kind of lien on the premises and the filing of this Lease constitutes notice that such liens are invalid. Further, Tenant agrees
to (1) give actual advance notice to any contractors, subcontractors or suppliers of goods, labor, or services that such liens
will not be valid, and (2) take whatever additional steps that are necessary in order to keep the premises free of all liens resulting
from construction done by the Tenant.

 

ASSIGNABILITY/SUBLETTING.
Tenant may not sublet without the landlords written approval. Tenant may assign the lease to a new purchaser should the business
be sold. The new owner will assume all responsibility and obligation of the lease. The landlord may assign the lease to the purchaser
of the real property know as 518-520 Main should the real property be sold. Deposit will transfer to the new owners.

 

NOTICE.
Notice under this Lease shall not be deemed valid unless given or served in writing and forwarded by mail, postage prepaid,
address as follows. Electronic mail may be used with both parties agreement. Signatures will be required. A named Colorado manager
with local address will always be used by the Landlord for notice. It is the named manager responsibility to communicate with
GrowGeneration Pueblo Corp. It is GrowGeneration Pueblo Corp responsibility to notify the landlord of management name and address
changes.

 

LANDLORD:

 

Jannie
Coyne P.O. Box 151189, Denver CO. 80215-1189

 

    3

     

    

 

TENANT:

 

GrowGeneration
Pueblo Corp. (CEO Darren Lampert) Local Manager Shantel Arguello

 

	520
    Man Street, Canon City, CO 80228	113
    W 4th St. Pueblo, CO 81003

Parent Company
Address is 800 Westchester Ave, Suite S-638 Rye Brook, NY 10573.

 

Such
addresses may be changed from time to time by either party by providing notice as set forth above. Notices mailed in accordance
with the above provisions shall be deemed received on the third day after posting.

 

GOVERNING
LAW. This lease shall be construed in accordance with the laws of the State of Colorado.

 

ENTIRE
AGREEMENT / AMENDEMNT. This lease Agreement contains the entire agreement of the parties and there are not
promises, conditions, understanding or other agreements, whether oral or written, relating to the subject mater of this
Lease. This Lease may be modified or amended by writing, if the writing is signed by the party obligated under the
amendment.

 

SEVERABILITY.
If any portion of this Lease shall be held to be invalid or unenforceable for any reason, the remaining provision shall continue
to be valid and enforceable. If a court finds that any provision of this Lease is invalid or unenforceable, but that by limiting
such provisions, it would become valid and enforceable then such provision shall be deemed to be written, construed and enforced
as so limited.

 

WAIVER.
The failure of either party to enforce any provision of this Lease shall not be construed as a waiver or limitation of that
party’s right to subsequently enforce and compel strict compliance with every provision of this Lease,

 

BINDING
EFFECT. The provisions of this Lease shall be binding upon and inure to the benefit of both parties and their respective
legal representative, successors and assigns.

 

Special
Provisions: The $500.00 for the security deposit is carried forward. The $650.00 for last month’s rent will carry
forward and apply to the May 1, 2017 last month’s rent, making the last month’s rent $300.00, due May 1, 2017.
Additional keys are $15 per key, rekey is a tenant expense.

 

	LANDLORD:	/s/ Jannie L. Coyne	 	Date: 6-6-14
	 	 	 	 
	Jannie L. Coyne	 	 	 
	 	 	 	 
	TENANT:	/s/ Darren Lampert	 	Date:

 

GrowGeneration
Pueblo Corn. CEO Darren Lampert

 

 

4Exhibit
10.18

 

LEASE
AGREEMENT

 

THIS
LEASE AGREEMENT, made and entered into this 27th DAY OF MAY, 2014 by and between LARRY SCHREDER (hereinafter called (“LANDLORD”),
and GROWGENERATIONS, PUEBLO CORP, DARREN LAMPERD, CEO, (hereinafter called “TENANT”).

 

WITNESSETH:

 

LANDLORD
desires to lease to TENANT and TENANT desires to lease from LANDLORD, 609 ENTERPRISE, UNIT 150, PUEBLO WEST, CO 81007
(hereinafter called the “Leased Premises”).

 

THEREFORE,
LANDLORD does hereby.lease unto TENANT the Leased Premises, together with appurtenances thereunto belonging, upon the terms and
conditions hereinafter set forth:

 

1.            TERM.

 

A.           The
term of this Lease shall commence JUNE 1, 2014

 

B.           This
lease is for a term of 3 YEARS and will terminate on MAY 31, 2017.

 

2.            RENT:

 

A.           TENANT
covenants and agrees to pay without prior demand thereof a fixed minimum rental for the Leased Premises the sum ;

 

$2,000.00
PER MONTH FOR 1 YEAR

RENT WILL
INCREASE BY $100.00/MONTH EACH YEAR

THEREAFTER:

 

JUNE
1, 2015, RENT WILL BE $2,100.00 PER MONTH

JUNE 1, 2016, RENT WILL BE $2,200.00 PER MONTH

 

All
such sums (unless otherwise provided) are due and payable in advance on or before. the 1st day of each and every calendar
month during said term of the Lease at the: LANDLORD’S address of 6005 OVERTON RD., PUEBLO,. CO 81008 or such other place
as LANDLORD may in writing designate.

 

B. Rent
shall be due on the 1st day of each month. TENANT shall pay a LATE PAYMENT PENALTY of $100.00 for any payment not received by
the 3rd day of the month for which they are payable. Said service charge is to partially cover extra expense involved in handling
delinquent payments. In addition to the above, any rental and any. other sums payable hereunder by TENANT which are not paid within
ten (10) days after the due date shall bear interest at the rate of eighteen percent (18%) per annum from the date due to the
date paid.

 

C. This Lease is for a full term of 3 YEARS and rent obligations of TENANT hereunder are calculated on the expectation that TENANT
shall make each and every monthly payment of rent for the full term of the Lease. If the Lease is terminated by the TENANT for
any reason, the balance of the lease payments are due and payable within 30 days and will draw 18% interest until paid in full.

 

     

     

    

 

The
Lease is for 3 YEARS and must have the LANDLORD’S permission to be transferred.

 

3.           USE

 

TENANT
agrees and covenants to use the Leased Premises only presently being used and for no other purpose whatsoever, without prior written
consent of the LANDLORD. TENANT shall have to access the Leased Premises 24 hours per day, every day of the year.

 

4.           DEPOSIT

 

A Deposit,
of $ (Transferred) is required. The property must be kept clean and free of all trash. Upon termination of this Lease, all equipment,
supplies and trash are to be removed. Deposit is refundable if all rent is current and the premises are left clean and in good
condition, and any damage is repaired to Owner’s satisfaction. Damage to property will be repaired at Tenant’s expense.

 

5.           INSURANCE

 

Fire
insurance for the building is the responsibility of the Landlord. Liability Insurance acceptable to the Landlord is to be
provided by the Tenant. Tenant to add landlord to policy as additional insured.

 

6.           ADDITIONAL
TERMS

 

TENANT
IS RESPONSIBLE FOR THE GAS ELECTRIC.

TENANT
IS RESPONSIBLE FOR MAINTENANCE OF THE INTERIOR

TENANT
IS RESPONSIBLE FOR SNOW REMOVAL AND TRASH.

 

WATER
AND SEWER ARE BILLED TO THE LANDLRD. TENANT TO PAY A SHARE OF THIS BASED ON THE NUMBER OF TENANTS IN THE BUILDING.

 

EXTERIOR
LIGHTS TO BE BILLED TO    THE LANDLORD. TENANT TO PAY A SHARE OF THIS ELECTRICAL BILL.

 

LANDLORD
IS RESPONSIBLE FOR MAINTENANCE OF THE EXTERIOR.

 

VANADLISM.
If anyone tries to break into the building, the TENANT is responsible for damages and will pay the LANDLORD for
all repairs due to the vandalism within 30 days. 

 

7.           OPTION
TO EXTEND

 

TENANT
CAN EXTEND THIS LEASE WITH THE AGREEMENT OF THE LANDLORD. TERMS TO BE NEGOTIATED.

 

    	 	2	 

     

    

 

8.            NO
PAINTING OR REMODELING TO BE DONE WITHOUT PRIOR APPROVAL IN WRITING. 

 

Tenant
agrees that is the rent is past due by more than 5 days, the LANLORD may change the locks and put TENANTS possessions
or personal property in storage until the rent is brought current.

 

In
the event either is in breach of any provision of this lease and the other party incurs costs or attorney fees to remedy the
breach, the breaching party shall pay all costs and reasonable attorney fees incurred by the non-breaching party.

 

TENANT
agrees to hold LANDLORD harmless for any liabilities caused by any negligence or international acts including, but not limited
to, the failure of TENANT, family members or guests to comply with all Municipal, State and Federal laws.

 

All
notices which either party hereto is required to make, or may desire to give to the other party, shall be in writing and
may be given by sending the same by certified or registered mail, return receipt requested, postage prepaid, to the address
which are set out above in this lease, or such other place as may from time to time be designated by written notice. Any notice
or other document mailed as aforesaid shall be deemed sufficiency served or given at the time of mailing as aforesaid,
notwithstanding the foregoing, LANDLORD may send notices to TENANT by delivering the same personally at the
premises.

 

IN
WITNESS WHEREOF, LANDLORD and TENANT have caused this Lease to be executed the day year first above
written.

 

	TENANT	 	LANDLORD
	 	 	 
	/s/ Darrent Lamperd	 	/s/ Larry Schreder
	GROWGENERATIONS, PUEBLO CORP

        DARRENT LAMPERD, CEO
	 	LARRY SCHREDER
	800 W. CHESTER AVE, STE. S638	 	 
	RYEBROOK, NY, 10573	 	 

 

 

 

3

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