Document:

Exhibit 10.41

 

AMENDMENT NO. 7 TO LOAN DOCUMENTS

 

Quality Gold, Inc.,
an Ohio corporation (“QGI”), MTM, Inc., a Delaware corporation (“MTM”), Gold Limited
Liability Company, a California limited liability company (“Gold”), LogoArt LLC, a Kentucky limited liability
company (“Logo”) (QGI, MTM, Gold, Logo, collectively, the “Borrowers”, and each individually, a
 “Borrower”), and PNC Bank, National Association (“Lender”) agree as follows effective as
of September 29, 2022 (the “Effective Date”):

 

		1.	Recitals.

 

		1.1	As of December 20, 2018, Borrowers and
                                            Lender entered into a Revolving Credit, Term Loan and Security Agreement (as amended, extended,
                                            modified, or restated, the “Credit Agreement”) pursuant to which Borrowers
                                            executed and delivered to Lender certain Other Documents. Capitalized terms used herein and
                                            not otherwise defined will have the meanings given such terms in the Credit Agreement, as
                                            amended. The Credit Agreement, the Other Documents, and all related loan and/or security
                                            documents related thereto are referred to herein as the “Loan Documents”.

 

		1.2	The Loan Documents were amended by Amendment
                                            No. 1 to Loan Documents dated as of October 1, 2019, by Amendment No. 2 to Loan Documents
                                            dated as of September 29, 2020, by Amendment No. 3 to Loan Documents dated as of February
                                            24, 2021, by Joinder and Amendment No. 4 to Loan Documents dated as of October 19, 2021,
                                            by Amendment No. 5 to Loan Documents dated as of April 26, 2022, and by Amendment No. 6 to
                                            Loan Documents dated as of June 28, 2022.

 

		1.3	The Loan Documents are further amended
                                            by this Amendment No. 6 to Loan Documents (this “Amendment”).

 

		2.	Amendments.

 

		2.1	The definition of Maximum Revolving Advance
                                            Amount set forth in Section 1.2 of the Credit Agreement is hereby amended and restated by
                                            the following:

 

“Maximum Revolving
Advance Amount” shall mean $60,000,000.

 

		2.2	The definition of Revolving Note Maturity
                                            Date set forth in Section 1.2 of the Credit Agreement is hereby amended and restated by the
                                            following:

 

“Revolving
Note Maturity Date” shall mean September 30, 2023.”

 

		2.3	The maximum principal amount set forth
                                            in the third paragraph of the Revolving Credit Note is hereby amended from FIFTY MILLION
                                            DOLLARS ($50,000,000) to SIXTY MILLION DOLLARS ($60,000,000). The reference to the $50,000,000
                                            principal amount of the Revolving Credit Note on the top of the first page thereof is hereby
                                            amended from $50,000,000 to $60,000,000.

 

    1 

    

    

 

		3.	Waiver. Lender hereby waives
                                            its rights and powers under the Loan Documents with respect to the Event of Default that
                                            has occurred under Section 10.3 of the Credit Agreement as a result of Borrowers’ violation
                                            of Section 9.12 from the failure to timely deliver to Lender the required projections for
                                            the fiscal year beginning April 1, 2022. Lender hereby waives its rights and powers under
                                            the Loan Documents with respect to the Event of Default that has occurred under Section 10.5(i)
                                            of the Credit Agreement as a result of Borrowers’ violation of Sections 5.2(b), 7.1(a),
                                            and 7.12 of the Credit Agreement from the acquisition of Gotham EJewelry, LLC as a Subsidiary.
                                            This waiver of rights and powers shall not affect any other Default or Event of Default of
                                            the same or different nature arising at any time. This waiver will not constitute a modification
                                            or an alteration of the terms, conditions or covenants of the Credit Agreement or the other
                                            Loan Documents.   This waiver will not relieve or release Borrowers in any way from
                                            their duties, obligations, covenants or agreements under the Credit Agreement or the other
                                            Loan Documents or from the consequences of any Default or Event of Default thereunder, except
                                            as expressly described above.  This waiver will not obligate Lender, or be construed
                                            to require Lender, to waive any other Default or Events of Default, whether now existing
                                            or which may occur after the Effective Date.  No course of dealing is established
                                            hereby. This waiver shall be effective immediately, without any further action by Borrowers
                                            or Lender, upon receipt by Lender of a corresponding waiver by each of BMO and HSBC.

 

		4.	Representations, Warranties and Covenants.
                                            To induce Lender to enter into this Amendment, each Borrower represents, warrants, and covenants
                                            as follows:

 

		4.1	Representations and Warranties.
                                            The representations and warranties of Borrowers and Guarantors contained in the Loan Documents
                                            are deemed to have been made again on and as of the Effective Date, except to the extent
                                            that such representations and warranties were expressly limited to an earlier date.

 

		4.2	No Defaults. After giving effect
                                            to this Amendment, no Event of Default or Default exists on the Effective Date.

 

		4.3	No Claims. Each Borrower represents
                                            and warrants that it has no claims, counterclaims, setoffs, actions or causes of actions,
                                            damages or liabilities of any kind or nature whatsoever whether at law or in equity, in contract
                                            or in tort, existing as of the Effective Date (collectively, “Claims”)
                                            against Lender, its direct or indirect parent corporations or any direct or indirect Affiliates
                                            of such parent corporations, or any of the foregoing's respective directors, officers, employees,
                                            agents, attorneys and legal representatives, or the heirs, administrators, successors or
                                            assigns of any of them (collectively, “Lender Parties”) that directly
                                            or indirectly arise out of, are based upon or are in any manner connected with any Prior
                                            Related Event. As an inducement to Lender to enter into this Amendment, each Borrower on
                                            behalf of itself, and all of its respective successors and assigns hereby knowingly and voluntarily
                                            releases and discharges all Lender Parties from any and all Claims, whether known or unknown
                                            in existence as of the Effective Date, that directly or indirectly arise out of, are based
                                            upon or are in any manner connected with any Prior Related Event. As used herein, the term
                                            “Prior Related Event” means any transaction, event, circumstance, action,
                                            failure to act, occurrence of any sort or type, whether known or unknown, which occurred,
                                            existed, was taken, permitted or begun at any time prior to the Effective Date or occurred,
                                            existed, was taken, was permitted or begun in accordance with, pursuant to or by virtue of
                                            any of the terms of the Loan Documents or any documents executed in connection with the Loan
                                            Documents or which was related to or connected in any manner, directly or indirectly to the
                                            extension of credit represented by the Loan Documents or the relationship of Borrowers with
                                            Lender.

 

		4.4	Authorization. The Person executing
                                            this Amendment for each Borrower is a duly elected officer or member of each Borrower or
                                            its respective sole member and is duly authorized by the board of directors or other governing
                                            authority of such Borrower to execute and deliver this Amendment on behalf of it. Each Borrower
                                            has the full right, power, and authority to enter into this Amendment and the related documents
                                            and to perform its respective obligations hereunder.

 

     

    

    

 

		4.5	No Misrepresentations. No information
                                            or material submitted to Lender in connection with this Amendment contains any material misstatement
                                            or misrepresentation nor omits to state any material fact or circumstance.

 

		4.6	No Conflicts. The execution and
                                            delivery of this Amendment and the related documents, and the performance by each Borrower
                                            of its respective obligations do not and will not conflict with any provision of law or the
                                            Organizational Documents of Borrowers or of any agreement binding upon Borrowers.

 

		4.7	Enforceability. This Amendment
                                            and each of the related documents is a valid and binding obligation of Borrowers, enforceable
                                            against each in accordance with its terms.

 

		4.8	Reaffirmation. Except as expressly
                                            modified herein, the Loan Documents, as amended, are and remain in full force and effect.
                                            The Loan Documents are hereby ratified and confirmed as the continuing obligation of Borrowers.
                                            Each Borrower hereby reaffirms and re-grants to Lender a security interest in and lien upon
                                            all of the Collateral.

 

		4.9	Intercreditor Agreement. The Intercreditor
                                            Agreement is and remains in full force and effect, as amended and restated as of the Effective
                                            Date. No consent to this Amendment by HSBC or BMO is required under the Intercreditor Agreement.

 

		4.10	Fees and Expenses. Borrowers will
                                            pay to Lender all reasonable attorneys’ fees and expenses of Lender incurred in connection
                                            with this Amendment, and all related documentation. Such fees and expenses may be charged
                                            by Lender to Borrowers as a Revolving Advance or to any account of a Borrower with Lender.

 

		4.11	Consignment Facility Agreements.
                                            None of BMO Facility Agreements or the HSBC Facility Agreements has been amended or supplemented,
                                            nor have any of the provisions thereof been waived, except pursuant to a written agreement
                                            or instrument which has been delivered to Lender.

 

		4.12	Beneficial Ownership Certification.
                                            To the best knowledge of any Borrower, the information included in the Beneficial Ownership
                                            Certification provided to Lender is true and correct in all respects

 

		5.	Conditions Precedent. The closing
                                            and effectiveness of this Amendment is subject to the following conditions precedent:

 

		5.1	Amendment. Lender shall have executed
                                            this Amendment and the Borrowers shall have delivered, and shall have caused Guarantors to
                                            deliver, to Lender a fully executed copy of this Amendment and the Reaffirmation attached
                                            hereto.

 

		5.2	Incumbency Certificates. Lender
                                            shall have received a certificate of an officer or manager of each Borrower and each Guarantor
                                            certifying to the incumbency of the Person executing this Amendment on behalf of each such
                                            Borrower and each Guarantor.

 

		5.3	Closing Checklist. Borrowers and
                                            Guarantors will have delivered to Lender (and executed, as applicable) each of the other
                                            items listed on the Closing Memorandum prepared by Lender in connection with the closing
                                            of this Amendment.

 

     

    

    

 

		5.4	Representations and Warranties.
                                            The representations and warranties of Borrowers herein will be true.

 

		5.5	USA PATRIOT Act, Etc. (a) Lender
                                            shall have received, at least five (5) days prior to the Effective Date, all documentation
                                            and other information regarding the Borrowers requested in connection with applicable “know
                                            your customer” and anti-money laundering rules and regulations, including the USA PATRIOT
                                            Act, to the extent requested in writing of the Borrowers at least ten (10) days prior to
                                            the Effective Date, and (b) to the extent any Borrower qualifies as a “legal entity
                                            customer” under the Beneficial Ownership Regulation, at least five (5) days prior to
                                            the Effective Date, if Lender has requested, in a written notice to the Borrowers at least
                                            ten (10) days prior to the Effective Date, a Beneficial Ownership Certification in relation
                                            to each Borrower it shall have received such Beneficial Ownership Certification.

 

		5.6	Other. All corporate and other
                                            proceedings, and all documents, instruments, and other legal matters in connection with this
                                            Amendment all the related documentation shall be satisfactory in form and substance to Lender
                                            and its counsel.

 

		6.	General.

 

		6.1	This Amendment is an “Other Document”
                                            as defined in the Credit Agreement. The Loan Documents are hereby modified to include this
                                            Amendment within the definition of the term “Other Documents”, or “Loan
                                            Documents” as used therein.

 

		6.2	Nothing contained herein will be construed
                                            as waiving any Default or Event of Default under the Loan Documents or will affect or impair
                                            any right, power, or remedy of Lender under or with respect to the Loan Documents, as amended,
                                            or any agreement or instrument guaranteeing, securing or otherwise relating to any of the
                                            Advances.

 

		6.3	All representations and warranties made
                                            by Borrowers herein will survive the execution and delivery of this Amendment.

 

		6.4	This Amendment will be binding upon and
                                            inure to the benefit of Borrowers and Lender and their respective successors and assigns.

 

		6.5	This Amendment will in all respects be
                                            governed and construed in accordance with the laws of the State of Ohio.

 

		6.6	A copy of this Amendment may be attached
                                            to the Notes as an allonge.

 

		6.7	This Amendment and the documents and instruments
                                            to be executed hereunder constitute the entire agreement among the parties with respect to
                                            the subject matter hereof and shall not be amended, modified, or terminated except by a writing
                                            signed by the party to be charged therewith.

 

		6.8	Each Borrower agrees to execute such other
                                            instruments and documents and provide Lender with such further assurances as Lender may reasonably
                                            request to more fully carry out the intent of this Amendment.

 

     

    

    

 

		6.9	Notwithstanding any other provision herein
                                            or in the other Loan Documents, each Borrower agrees that this Amendment, the Loan Documents,
                                            any other amendments thereto and any other information, notice, signature card, agreement
                                            or authorization related thereto (each, a “Communication”) may, at Lender’s
                                            option, be in the form of an electronic record. Any Communication may, at Lender’s
                                            option, be signed or executed using electronic signatures. For the avoidance of doubt, the
                                            authorization under this Section may include, without limitation, use or acceptance by Lender
                                            of a manually signed paper Communication which has been converted into electronic form (such
                                            as scanned into PDF format) for transmission, delivery and/or retention. Borrowers and Lender
                                            acknowledge and agree that the methods for delivering Communications, including notices,
                                            under the Loan Documents include electronic transmittal to any electronic address provided
                                            by either party to the other party from time to time.

 

		6.10	Without limiting the generality of the
                                            foregoing, any signature delivered by a party hereto by electronic means shall be deemed
                                            to be an original signature hereto. This Amendment may be executed in any number of and by
                                            different parties hereto on separate counterparts, all of which, when so executed, shall
                                            be deemed an original, but all such counterparts shall constitute one and the same agreement.

 

		6.11	No provision of this Amendment is intended
                                            or shall be construed to be for the benefit of any third party.

 

		6.12	THE PARTIES EACH HEREBY WAIVE ANY
                                            RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION ARISING UNDER THIS
                                            AMENDMENT.

 

		6.13	EACH BORROWER WAIVES, TO THE MAXIMUM
                                            EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER FROM LENDER IN ANY
                                            LEGAL ACTION OR PROCEEDING ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES.

 

Signature Pages
Follow

 

     

    

    

 

Signature Page to Amendment No. 7 to Loan Documents
(QGI)

 

	 	Borrowers:
	 	 
	 	Quality Gold, Inc.

 

	 	By:	/s/ Michael Langhammer
	 	 	       Michael Langhammer
	 	 	       Chief Executive Officer

 

	 	MTM, Inc.

 

	 	By:	/s/ Michael Langhammer
	 	 	       Michael Langhammer
	 	 	       Vice President

 

	 	Gold Limited Liability Company

 

	 	By:	/s/ Michael Langhammer
	 	 	       Michael Langhammer
	 	 	       Chief Financial Officer

 

	 	LogoArt LLC

 

	 	By:	/s/ Michael Langhammer
	 	 	       Michael Langhammer
	 	 	       Manager

 

     

    

    

 

Signature Page to Amendment No. 7 to Loan Documents
(QGI)

 

	 	PNC Bank, National Association

 

	 	By:	/s/ David C. Beckett
	 	 	David C. Beckett
	 	 	Senior Vice President

 

     

    

    

 

Reaffirmation of Guaranty

 

Each of the undersigned guarantors
(jointly and severally, “Guarantor”) consents to the provisions of the foregoing Amendment No. 7 to Loan Documents
(the “Amendment”) and all prior amendments and agrees that: (a) Guarantor’s obligations under the Guarantor
Security Agreement and its Guaranty in favor of PNC Bank, National Association, each dated as of December 20, 2018 (the “Guaranty”)
are unimpaired by the Amendment; (b) Guarantor has no claims, defenses, set offs, or counterclaims of any kind against Lender, its officers,
directors, employees, agents or attorneys with respect to the Guaranty and all such claims, defenses, set offs, and counterclaims are
hereby released; and (c) all of the terms of the Guaranty remain unaltered and in full force and effect and are hereby reaffirmed and
apply to the Obligations, as modified by the Amendment. Guarantor certifies that all representations and warranties made in the Guaranty
are true and correct. Capitalized terms used herein and not defined have the meanings set forth in the Amendment or if not defined therein,
in the Credit Agreement. Guarantor confirms that all Collateral for the Obligations, including liens, security interests, and pledges
granted by Guarantor or third parties to Lender continue unimpaired and in full force and effect, and secure all of the Guarantor’s
existing and future Obligations to Lender, as modified by the Amendment.

 

	 	Gold/Gold/Gold, Inc.

 

	 	By:	/s/ Michael Langhammer
	 	 	       Michael Langhammer
	 	 	       Chief Financial Officer

 

	 	QGM, LLC

 

	 	By:	/s/ Michael Langhammer
	 	 	       Michael Langhammer
	 	 	       Manager

 

	 	QG Refining, LLC

 

	 	By:	/s/ Michael Langhammer
	 	 	       Michael Langhammer
	 	 	       President/Treasurer

 

	 	J&M Group Holdings Inc.

 

	 	By:	/s/ Michael Langhammer
	 	 	       Michael Langhammer
	 	 	       President

 

	 	L & L Group Holdings, LLC

 

	 	By:	/s/ Michael Langhammer
	 	 	       Michael Langhammer
	 	 	       ManagerExhibit 10.42

 

INTERCOMPANY MASTER LEASE AGREEMENT

 

between

 

QGC Landholdings, LLC,

an Ohio limited liability company

 

Landlord

 

and

 

Quality Gold, Inc.,

an Ohio corporation

 

Tenant

 

Effective Date:

 

April 1, 2022

 

     

     

    

 

TABLE OF CONTENT

 

	BASIC LEASE INFORMATION	1
	DEFINITIONS	2
	ARTICLE I.
    TERM, RENT, & USE	3
	Section 1.1.
    Lease of the Demised Premises	3
	Section 1.2.
    Operative Documents	4
	Section 1.3.
    Tenant’s Extension Options	4
	Section 1.4.
    Rent	4
	Section 1.5.
    Use	4
	ARTICLE II.
    RENT & OPERATIVE DOCUMENTS	4
	Section 2.1.
    Covenant to Pay Rent	4
	Section 2.2.
    Covenant to Perform Operative Documents	4
	ARTICLE III.
    TAXES, ASSESSMENTS & OTHER CHARGES	5
	Section 3.1.
    Impositions	5
	Section 3.2.
    Taxes of Landlord	5
	Section 3.3.
    Receipts for Imposition	5
	ARTICLE IV.
    INSURANCE	5
	Section 4.1.
    Casualty Insurance	5
	Section 4.2.
    Public Liability Insurance; Workers’ Compensation	5
	Section 4.3.
    Other Insurance Terms	6
	Section 4.4.
    Blanket Insurance Policies	6
	ARTICLE V.
    LANDLORD’S RIGHT TO PERFORM TENANT’S COVENANTS	7
	ARTICLE VI.
    MAINTENANCE & SURRENDER	7
	Section 6.1.
    Repairs and Maintenance of Demised Premises	7
	Section 6.2.
    Surrender of Building and Fixtures	7
	Section 6.3.
    Waste	7
	ARTICLE VII.
    COMPLIANCE WITH LAW	8
	Section 7.1.
    Compliance with Law	8
	Section 7.2.
    Contests by Tenant	8
	Section 7.3.
    Compliance with Title Restrictions	8
	ARTICLE VIII.
    ALTERATIONS	8
	ARTICLE IX.
    DAMAGE OR DESTRUCTION	9
	Section 9.1.
    Obligation to Repair	9
	Section 9.2.
    Casualty Insurance Proceeds	9
	Section 9.3.
    Termination by Tenant	9
	ARTICLE X.
    CONDEMNATION	9
	Section 10.1.
    Condemnation of Entire Demised Premises	9
	Section 10.2.
    Partial Condemnation - Demised Premises Not Usable	9
	Section 10.3.
    Partial Condemnation - Remaining Demised Premises Usable	10
	Section 10.4.
    Application of Condemnation Proceeds	11
	Section 10.5.
    Tenant Condemnation Award	11
	Section 10.6.
    Other Condemnations	11
	ARTICLE XI.
    WORK FOR REPAIRS, ALTERATIONS, RESTORATION	12
	Section 11.1.
    Work For Repairs, Alterations and Restoration	12
	Section 11.2.
    Disbursement of Deposit	12

 

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	ARTICLE XII. MECHANICS’ LIENS	13
	ARTICLE XIII. LANDLORD’S RIGHT TO ENTER PREMISES	13
	Section 13.1. Entry for Emergencies, Inspection and Work	13
	Section 13.2. Entry for Sale, Leasing or Mortgaging	14
	Section 13.3. Entry under Operative Documents	14
	ARTICLE XIV. ASSIGNMENT AND SUBLETTING	14
	Section 14.1. Approved Assignment	14
	Section 14.2. General Prohibition on Assignments and Transfers	14
	ARTICLE XV. LIABILITIES	15
	Section 15.1. Indemnification by Tenant of Landlord	15
	Section 15.2. Indemnification by Landlord of Tenant	15
	Section 15.3. Representation by Landlord to Tenant	15
	Section 15.4. Net Lease	15
	Section 15.5. Independent Obligations of Tenant	16
	Section 15.6. Survival	16
	ARTICLE XVI. DEFAULTS AND REMEDIES	16
	Section 16.1. Bankruptcy Defaults by Tenant	16
	Section 16.2. Other Defaults by Tenant	16
	Section 16.3. Remedies of Landlord	17
	Section 16.4. Landlord’s Damages	18
	ARTICLE XVII. MISCELLANEOUS	18
	Section 17.1. Severability	18
	Section 17.2. Notices	18
	Section 17.3. Quiet Enjoyment	18
	Section 17.4. Limitation of Landlord’s Liability	19
	Section 17.5. Estoppel Certificate by Tenant	19
	Section 17.6. Cumulative Remedies	19
	Section 17.7. No Waiver	19
	Section 17.8. Modifications of Lease	20
	Section 17.9. Application of Tenant Deposits	20
	Section 17.10. Successors and Assigns	20
	Section 17.11. Recordation	20
	Section 17.12. Priority	20
	Section 17.13. Covenants as Conditions	20
	Section 17.14. Captions	20
	Section 17.15. Number and Gender	20
	Section 17.16. Applicable Law	20
	Section 17.17. Exhibits	20
	Section 17.18. Intercompany Lease	20

 

    ii

     

    

 

INTERCOMPANY MASTER LEASE AGREEMENT

BASIC LEASE INFORMATION

 

	Date of Lease: 	April 1, 2022

 

	Commencement Date:	April 1, 2022

 

	Location and Square Feet:	500 Quality Blvd., Fairfield, Ohio 45014 (119,800 square feet)

	 	530 Quality Blvd., Fairfield, Ohio 45014 (38,000 square feet)

 

		Landlord:	QGC Landholdings, LLC, an Ohio limited liability company

 

	Tenant: 	Quality Gold, Inc., an Ohio corporation

 

	Landlord’s Notice Address:	530 Quality Blvd., Fairfield, Ohio 45014

 

	Tenant’s Notice Address: 	530 Quality Blvd., Fairfield, Ohio 45014

 

	Initial Term: 	Five (5) Years

 

	Initial Termination Date:	March 31, 2027

 

	Extension Options: 	One (1) Three (3)-Year Extensions

 

	Rent:	 

 

	 	 	 	 	 	Initial Term	 	 	 	 
	Years	 	Months	 	 	Monthly Rent

 Amount	 	 	Annual
    Rent Amount	 
	1	 	 	April 1, 2022 – March 31, 2023	 	 	$	89,900.00	 	 	$	1,078,800.00	 
	2	 	 	April 1, 2023 – March 31, 2024	 	 	$	92,300.00	 	 	$	1,107,600.00	 
	3	 	 	April 1, 2024 – March 31, 2025	 	 	$	94,800.00	 	 	$	1,137,600.00	 
	4	 	 	April 1, 2025 – March 31, 2026	 	 	$	97,400.00	 	 	$	1,168,800.00	 
	5	 	 	April 1, 2026 – March 31, 2027	 	 	$	100,000.00	 	 	$	1,200,000.00	 

 

	 	 	 	 	 	Extension

 Options	 	 	 	 
	Years	 	Months	 	 	Monthly Rent

 Amount	 	 	Annual
    Rent Amount	 
	6	 	 	April 1, 2027 – March 31, 2028	 	 	$	102,700	 	 	$	1,232,400	 
	7	 	 	April 1, 2028 – March 31, 2029	 	 	$	105,500	 	 	$	1,266,000	 
	8	 	 	April 1, 2029 – March 31, 2030	 	 	$	108,300	 	 	$	1,299,600	 

 

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DEFINITIONS

 

Unless the context otherwise
requires, capitalized terms used in this Lease shall have the meanings specified as follows:

 

“Approved Assignee”
shall have the meaning specified in Article XIV.

 

“Appurtenant Interests”
shall mean, collectively, all of Landlord’s rights, benefits, and easements under the Operative Documents and under the other Existing
Encumbrances.

 

“Building”
shall mean, collectively, the buildings, structures, facilities and improvements now or hereafter located on the Real Property.

 

“Default Rate”
shall mean that per annum rate of interest equal to one percent (1%) in excess of the Prime Rate.

 

“Demised Premises”
shall mean, collectively, the leased space in each Building located on the Real Property and the Fixtures, to the extent Landlord
owns a fee title thereto or any other possessory interest therein, as depicted in the drawing on Exhibit A, together with
rights to the parking and common areas on the Real Property.

 

“Demised Property”
shall mean, individually, the leased space in each Building located on the Real Property and the Fixtures, to the extent Landlord
owns a fee title thereto or any other possessory interest therein together with rights to the parking and common areas on the Real Property.

 

“Deposit”
shall have the meaning specified in Section 11.2.

 

“Existing Encumbrances”
shall mean the Operative Documents existing on the Commencement Date and any and all other existing leases, encumbrances, conditions,
covenants, easements, restrictions and rights-of-way, recorded or otherwise, and other existing matters affecting title to or benefiting
the Demised Premises, such existing matters as may be disclosed by inspection or survey, and such matters, if any, hereafter agreed or
consented to by Tenant pursuant to Section 7.3.

 

“Fixtures”
shall mean all fixtures of every kind and nature whatsoever, currently owned or hereafter acquired by Landlord, and all appurtenances
and additions thereto and substitutions or replacements thereof, now or hereafter attached to, or intended to be attached to, the Real
Property and/or the Building or placed on any part thereof, including, by way of example and not limitation, all walls, fences, plumbing,
ventilating, air conditioning and air-cooling apparatus, refrigerating, incinerating, and escalator and elevator equipment and systems,
sprinkler systems and other fire prevention and extinguishing apparatus, and pipes, pumps, tanks and conduits.

 

“Full Insurable Value”
shall mean the actual replacement cost of the item(s) in question, excluding any and all foundation and excavation costs.

 

“Impositions”
shall have the meaning specified in Section 3.1.

 

    2

     

    

 

“Initial Term”
shall mean the term of this Lease commencing on the Commencement Date and ending on the earlier of (i) the Initial Termination Date or
(ii) such earlier date on which this Lease shall terminated as provided herein or as agreed to by the parties.

 

“Lease”
shall mean this Intercompany Master Lease Agreement, together with any and all renewals, extensions, modifications or amendments hereto.

 

“Lease Term”
shall mean the Initial Term plus any Extension Option(s) described in the Basic Lease Information which are exercised by Tenant, and any
and all other renewals or extensions of the term of this Lease.

 

“Monthly Rent Amount”
shall have the meaning specified in Section 1.4.

 

“Operative Documents”
shall mean, collectively, all agreements containing covenants or restrictions regarding the use, operation or maintenance of all or part
of the Building or Real Property or providing access, utility or other easements affecting or benefiting the Building or Real Property,
including reciprocal easement agreements, common area maintenance agreements, supplemental agreements, joint improvement agreements, allocable
share agreements, operating agreements, mortgages, security agreements, leases, subleases, license agreements and other agreements that
relate to the use or occupancy of the Real Property, recorded and unrecorded, however denominated, all existing amendments, modifications
and supplements thereto, and any and all renewals, extensions, modifications or amendments thereto, if any, consented to by Tenant pursuant
to Section 2.2.

 

“Permitted Uses”
shall mean any lawful use not prohibited by the Operative Documents.

 

“Prime Rate”
shall mean the prime commercial lending rate for secured loans announced or established at the time in question by Bank of America, N.A.,
or the successor to Bank of America, N.A.

 

“Proceeding”
shall have the meaning specified in Section 10.1.

 

“Real Property”
shall mean the real property located at 500 Quality Blvd., Fairfield, Ohio 45014 and 530 Quality Blvd., Fairfield, Ohio 45014, which is
legally described on Exhibit B.

 

“Work”
shall have the meaning specified in Section 11.1.

 

ARTICLE I. TERM, RENT,
 & USE

 

Section 1.1. Lease
of the Demised Premises. In consideration of the obligation of Tenant to pay rent hereunder and of the other terms and conditions
in this Lease and subject to the Existing Encumbrances, Landlord hereby leases the Demised Premises to Tenant and Tenant hereby leases
the Demised Premises from Landlord for the Lease Term, all upon the terms and conditions in this Lease. This Lease constitutes a single
and indivisible lease of the Demised Premises and is not an aggregation of leases for each separate Demised Property. Neither Landlord
nor Tenant would have entered into this Lease except as a single and indivisible lease.

 

    3

     

    

 

Section 1.2. Operative
Documents. In addition, and for the duration of the Lease Term, Tenant shall enjoy all of Landlord’s Appurtenant Interests
under the Operative Documents and under the other Existing Encumbrances. Landlord, however, reserves and shall retain all privity (if
any) with the parties to the Operative Documents and other Existing Encumbrances and, as between Landlord and Tenant, shall be the sole
proper party to enter into any agreement modifying or terminating an Operative Document or Existing Encumbrance, or to enter into any
agreement binding upon the Demised Premises.

 

Section 1.3. Tenant’s
Extension Options. This Lease may be extended by Tenant for the period(s) specified in the Basic Lease Information Section
by giving Landlord not less than twelve (12) months written notice of each such extension elected by Tenant, which extension(s) shall
be on all of the same terms and conditions of this Lease, except that the Monthly Rent Amount shall be the amount set forth in the Basic
Lease Information Section. Unless the context otherwise requires, the word “Lease Term” as used herein shall mean the Initial
Term, as extended in accordance with this Section 1.3, unless this Lease shall terminate as hereinafter provided, in which event the
word “Lease Term” shall mean the period commencing on the Commencement Date and ending on the date as of which this Lease
is terminated.

 

Section 1.4. Rent.
On the Commencement Date and on the first day of each subsequent calendar month during the Lease Term, Tenant shall pay to Landlord as
rent the amount set forth in the Basic Lease Information Section (“Monthly Rent Amount”); provided that, if this Lease
terminates on a date other than the last day of a month, the Monthly Rent Amount due on the first day of the calendar month in which
this Lease is to terminate shall be the prorated portion of the Monthly Rent Amount for the period from such first day of the calendar
month to the date during such month that this Lease is to terminate.

 

Section 1.5. Use.
Tenant agrees that it will use and occupy the Demised Premises only for the Permitted Uses. Tenant covenants that it will not use or
permit to be used any part of the Demised Premises for any dangerous or noxious trade or business. Tenant further covenants that it will
give Landlord prior written notice of the use, storage, transportation, discharge or disposal of any toxic or hazardous waste or substance
at the Demised Premises if such use, storage, transportation, discharge or disposal will not be in compliance with applicable laws and
regulations.

 

ARTICLE II. RENT &
OPERATIVE DOCUMENTS

 

Section 2.1. Covenant
to Pay Rent. Tenant covenants to pay, without notice or demand whatsoever except as otherwise specifically provided, the Monthly
Rent Amounts and all other sums which under any provision of this Lease may become due hereunder, at the times and in the manner provided
for in this Lease. Landlord shall have all the same rights, powers and remedies with respect to the non-payment of any Monthly Rent Amount
and/or the non-payment of such other sums as are provided herein or by law in the case of nonpayment of rent under a real property lease.

 

Section 2.2. Covenant
to Perform Operative Documents. Except as provided to the contrary elsewhere in this Lease, Tenant agrees, during the Lease
Term, to keep and perform all terms, covenants and conditions of the Operative Documents therein required to be kept or performed by
either Landlord or any other party occupying the Demised Premises. The Operative Documents shall not be renewed, modified, extended or
amended without Tenant’s prior written consent, not to be unreasonably withheld. Landlord will not during the Lease Term exercise
any right or power contained in the Operative Documents without the prior approval of Tenant. Landlord will exercise any right or power
contained in the Operative Documents during the Lease Term if so requested by Tenant. Landlord shall provide to Tenant copies of all
notices and other matters received by Landlord which pertain to the Operative Documents. Tenant’s agreements and undertakings under
this Lease in respect of the Operative Documents and/or the Appurtenant Interests are intended solely for the benefit of Landlord. Each
party agrees that no third party shall have any right to enforce or to benefit from such agreements and undertakings, and that Landlord
may not assign any of its rights or claims with respect to such agreements or undertakings without the without Tenant’s express
prior written consent, not to be unreasonably withheld.

 

    4

     

    

 

ARTICLE III. TAXES, ASSESSMENTS
 & OTHER CHARGES

 

Section 3.1. Impositions.
Landlord covenants and agrees to pay all real estate taxes, special assessments, water and sewer charges, and other governmental charges,
general and special, ordinary and extraordinary, unforeseen as well as foreseen, of any kind and nature whatsoever, relating to any part
of a Demised Property, which have been or shall become payable with respect to any portion of the Lease Term (all of which taxes, assessments
and charges are hereinafter referred to as “Impositions”) except to the extent a party other than Landlord is obligated
to pay any Impositions pursuant to the Operative Documents.

 

Section 3.2. Taxes
of Landlord. Nothing contained in this Lease shall require Tenant to pay any franchise, inheritance, succession or capital
levy tax of Landlord, or any income, excess profits or revenue tax upon the amounts paid by Tenant to Landlord under this Lease unless
any of the same is in lieu of Impositions, in which event Tenant shall pay such income-type taxes.

 

Section 3.3. Receipts
for Imposition. Landlord and Tenant covenant to furnish to each other, within thirty (30) days after the date when each Imposition
is paid, a receipt by the official designated by law to issue the same, or other proof satisfactory to the other party, in its reasonable
discretion, evidencing the payment thereof.

 

ARTICLE IV. INSURANCE

 

Section 4.1. Casualty
Insurance. Tenant will keep the Demised Premises insured in the name of Landlord, Landlord’s lender (if any), and Tenant
under valid and enforceable policies issued by insurers of recognized responsibility and acceptable to Landlord in its reasonable discretion
against loss or damage by fire and extended coverage risks for the Full Insurable Value thereof and with a deductible of not more than
the deductible amount usually carried by Tenant, from time to time, for properties similar to the Demised Premises. Tenant will also
keep the Demised Premises insured against all other risks usually insured against, and in the amounts usually carried by Tenant, from
time to time, for properties similar to the Demised Premises.

 

Section 4.2. Commercial
General Liability Insurance; Workers’ Compensation. Tenant will maintain general public liability insurance under valid
and enforceable policies, with insurers of recognized responsibility and acceptable to Landlord in its reasonable discretion, covering
claims against Landlord or Tenant for bodily injury or death or property damage occurring in or on or about the Demised Premises or any
part thereof or occurring as a result of Tenant’s maintenance or operation of any automobiles, trucks or other vehicles or facilities
in connection with Tenant’s maintenance or operation of the Demised Premises in at least such amounts, and with such limits, as
is carried by Tenant, from time to time, for properties similar to the Demised Premises. Tenant will also maintain all such workers’
compensation or similar insurance in respect of any operation, maintenance, protection, repair, alteration, enlargement or reconstruction
by it of the Demised Premises or any part thereof as may be required by law or hereunder.

 

    5

     

    

 

Section 4.3. Other
Insurance; Terms. Prior to the commencement of and during the construction of any permitted construction, restoration, renovation
or alteration to the Demised Premises, Tenant shall maintain builders’ risk insurance on a completed value form insuring against
 “all risks” or an equivalent form in accordance with the reasonable requirements of Landlord. All of the insurance specified
herein shall be subject to such premium payment terms as are usually agreed to by Tenant, from time to time, for properties similar to
the Demised Premises. Any such issuance may be provided by Tenant under blanket insurance policies which cover properties in addition
to the Demised Premises. All insurance proceeds for losses, other than under public liability and workers’ compensation insurance
policies, shall be payable to Landlord; such funds shall be held by Landlord in a segregated account in trust for Tenant, and distributed
by Landlord to Tenant in accordance with the provisions of Article XI. All public liability insurance policies shall name Landlord, Landlord’s
lender (if any), and Tenant as insured parties. Each insurance policy or certificate therefor shall provide that neither Landlord nor
any other person shall be a co-insurer under such policy or certificate and shall, to the extent obtainable without payment of additional
money, contain an agreement by the insurer (a) that such policy shall not be modified or cancelled or not renewed without at least three
(3) days’ prior written notice to Landlord, as may be practical, (b) that any losses shall be paid notwithstanding any act or neglect
of Tenant or Landlord and (c) that either (i) the insurer waives all rights of subrogation or (ii) the insurance shall not be invalidated
if Tenant waives in writing prior to a loss any or all right of recovery against any party for loss occurring to the Demised Premises.
If any portion of the fire or other risks insured pursuant to this Article IV are reinsured, the policies shall contain an agreement
by the reinsurer to provide Landlord at least three (3) days’ notice of cancellation or material change, provided that each can
be obtained from the insurers without payment of additional money. Upon the execution of this Lease, and thereafter within fifteen (15)
days after the expiration dates of the expiring policies theretofore delivered pursuant to this Article IV, Tenant shall deliver to Landlord
certificates issued by the insurers for the insurance specified in this Article IV.

 

Section 4.4. Blanket
Insurance Policies. Notwithstanding the foregoing provisions of this Article IV, Landlord may elect, with the prior written
consent of Tenant, to maintain any or all of the above insurance, under blanket insurance policies or otherwise, at the expense of Tenant.
The cost of such insurance, or the amount allocable to the Demised Premises if under blanket insurance policies, shall be payable by
Tenant within thirty (30) days after written demand therefor by Landlord and any amount not so paid shall bear interest at the Default
Rate from the expiration of said thirty (30)-day period until paid.

 

    6

     

    

 

ARTICLE V. LANDLORD’S
RIGHT TO PERFORM TENANT’S COVENANTS

 

Tenant covenants and agrees
that if Tenant shall at any time fail to make any payment or perform any other act on its part to be made or performed under this Lease,
and such failure continues uncured beyond any applicable notice and/or cure period, then at any time thereafter while such failure continues
Landlord may, but shall not be obligated to, and without further notice or demand and without waiving or releasing Tenant from any obligation
of Tenant under this Lease, make such payment or perform such other acts to the extent Landlord reasonably may deem desirable, and in
connection therewith to pay reasonable expenses and employ counsel. All reasonable sums so paid by Landlord and all reasonable expenses
in connection therewith, together with interest thereon at the Default Rate from the date of such payment, shall be payable to Landlord
on demand.

 

ARTICLE VI. MAINTENANCE
 & SURRENDER

 

Section 6.1. Repairs
and Maintenance of Demised Premises. Tenant covenants, at Tenant’s sole cost and expense, to take good care of the Demised
Premises and the sidewalks, curbs, if any, adjoining the Demised Premises and to keep the same in good order and condition, and to make
promptly all necessary repairs, interior and exterior, structural and nonstructural, ordinary as well as extraordinary, foreseen as well
as unforeseen, and equal in quality and class to the original work, except for ordinary wear and tear (taking into account, by way of
example and not limitation, the condition of the Demised Premises as of the date hereof and Tenant’s intended use of the Demised
Premises), loss or damage by fire or other casualty not required to be repaired by Tenant, and condemnation. When used in this Section
6.1, the term “repairs” shall include alterations, replacements, renewals and additions. The work of such repairs shall be
done pursuant to the provisions of Section 11.1. Tenant covenants to keep the Demised Premises and sidewalks adjacent to the Demised
Premises in a clean and orderly condition and free of dirt, rubbish, snow and ice.

 

Section 6.2. Surrender
of Building and Fixtures. Tenant covenants that upon the expiration of the Lease Term, Tenant will surrender to Landlord the
Demised Premises and the Fixtures, equal in order, condition and repair as when Tenant took possession of the Demised Premises, except
for ordinary wear and tear (taking into account, by way of example and not limitation, the duration of the Lease Term, the condition
of the Demised Premises as of the date hereof and Tenant’s intended use of the Demised Premises), loss or damage by fire or other
casualty not required to be repaired by Tenant, and condemnation. As used in this Section 6.2, the term “Fixtures” shall
not include, to the extent owned by Tenant or leased by Tenant from third parties: movable trade fixtures, furniture and furnishings,
machinery and other items of personal property which are a part of Tenant’s business or operations. All Fixtures and the Building
shall be and remain unencumbered unless such encumbrance exists on the Commencement Date.

 

Section 6.3. Waste.
Tenant covenants not to do or suffer any material waste or damage, disfigurement or injury to the Demised Premises or permit or suffer
any overloading of the floors of the Building.

 

    7

     

    

 

ARTICLE VII. COMPLIANCE
WITH LAW

 

Section 7.1. Compliance
with Law. Tenant covenants, at Tenant’s sole cost and expense, to comply promptly, and pursuant to the provisions of
Section 11.1, with all current and future laws and ordinances and the orders, regulations and requirements of all federal, state and
municipal governmental agencies and the requirements of any insurer, foreseen or unforeseen, ordinary as well as extraordinary, and whether
or not the same require structural repairs or alterations, which are applicable to the Demised Premises or the sidewalks, curbs, if any,
adjoining the Demised Premises, or the use thereof.

 

Section 7.2. Contests
by Tenant. Tenant shall have the right, provided it does so with due diligence, to contest by appropriate legal proceeding,
without cost or expense to Landlord, the validity of any law, ordinance, order, regulation or requirement of the nature referred to in
Section 7.1, and if compliance therewith may legally be held in abeyance without the imminent incurrence of any lien, charge or liability
of any kind against the fee of the Demised Premises or Tenant’s leasehold interest in the Demised Premises, and without subjecting
Tenant or Landlord to the imminent and substantial risk of any civil or criminal liability for failure to comply therewith, Tenant may
postpone compliance until the final determination of any such proceeding.

 

Section 7.3. Compliance
with Title Restrictions. Landlord will not, without the prior consent of Tenant, create, place, suffer or permit to be created
or placed or, through any act or failure to act, acquiesce in the placing of or allow to remain, any lease, encumbrance, condition, covenant,
easement, restriction or right-of-way except for the Existing Encumbrances. Tenant covenants, at Tenant’s sole cost and expense,
to comply with and abide by all restrictions, conditions, reservations, covenants and other matters to which title to the Demised Premises
is subject (including, without limitation operating or reciprocal easement agreements) and which are contained in (i) the Operative Documents,
(ii) the other Existing Encumbrances, and (iii) the matters, if any, consented to in writing by Tenant pursuant to the immediately preceding
sentence in this Section 7.3, and shall pay to Landlord any and all operating costs and common area maintenance charges arising thereunder
and payable by Landlord in respect of the Demised Premises (or the pro rata share applicable to the Demised Premises).

 

ARTICLE VIII. ALTERATIONS

 

Subject to the Operative Documents,
Tenant shall have the right at any time and from time to time during the Lease Term to make such changes and alterations, structural or
otherwise, to the Demised Premises and the Fixtures as Tenant shall deem necessary or desirable in connection with the requirements of
Tenant’s business, provided that:

 

A.               
No change or alteration shall weaken permanently the structure of the Demised Premises or any Building nor, when completed, shall
be of such a character as to (i) materially adversely affect the value of the Demised Premises or any Building, (ii) materially reduce
the cubic size of the Demised Premises or Building, or (iii) materially diminish the general utility of the Demised Premises or Building
for the Permitted Uses.

 

B.                
The work of any such change or alteration shall be performed pursuant to the provisions of Section 11.1.

 

If Tenant notifies Landlord of Tenant’s
desire to make any alterations requiring the approval of any party to any of the Operative Documents, Landlord shall promptly request
such approval(s) and make diligent, good faith efforts to obtain such approval(s).

 

    8

     

    

 

ARTICLE IX. DAMAGE OR
DESTRUCTION

 

Section 9.1. Obligation
to Repair. Tenant covenants and agrees that in case of damage to or destruction of a Demised Property, Building or of any
Fixtures, by fire or any other cause whatsoever (including any casualty for which insurance coverage was not obtained or obtainable by
Tenant), then Tenant, at Tenant’s sole cost and expense, and pursuant to the provisions of Section 11.1, will promptly repair,
restore and rebuild the same (a) in accordance with the requirements of the Operative Documents, or (b) if the Operative Documents do
not establish requirements applicable to the specific instance of damage or destruction, then as nearly as possible to the condition
they were in immediately prior to such damage or destruction (ordinary wear and tear excepted) or with such changes or alterations as
may be made in conformity with Article VIII.

 

Section 9.2. Casualty
Insurance Proceeds. Subject to any prior rights of any party or parties under any of the Operative Documents, all insurance
money recovered by Landlord on account of such damage or destruction, less the cost, if any, to Landlord of such recovery, shall be paid
out from time to time as provided in Article XI.

 

Section 9.3. Termination
by Tenant. If a Demised Property is substantially damaged or destroyed by fire or through any other cause, then (subject to
any prior rights of any party or parties under any of the Operative Documents) at the option of Tenant, which shall be exercised by notice
in writing to Landlord within sixty (60) days after the occurrence of the damage or destruction, this Lease shall terminate if such termination
is not inconsistent with the obligations of Landlord under the Operative Documents, and in the event of such a termination, Tenant need
not restore and shall not be entitled to any part of the insurance proceeds payable by reason of such fire or other insured casualty
and applicable to a Demised Property, and all such proceeds shall be retained by Landlord.

 

ARTICLE X. CONDEMNATION

 

Section 10.1. Condemnation
of Entire Demised Property. If, during the Lease Term, as a result of the exercise of the power of eminent domain, condemnation
or similar proceeding (hereinafter referred to as a “Proceeding”), an entire Demised Property shall be taken, this
Lease and all right, title and interest of Tenant hereunder as to such Demised Property shall cease and come to an end on the date of
vesting of title pursuant to such Proceeding if such cessation is not inconsistent with the obligations of Landlord under the Operative
Documents, and in the event of such cessation the Monthly Rent Amount shall be apportioned as of the date of such vesting, Landlord shall
be entitled to and shall receive the total award made in such Proceeding, and Tenant hereby assigns such award to Landlord. Such award
shall be dealt with as between Landlord and Tenant in accordance with the provisions of Section 10.4.

 

Section 10.2. Partial
Condemnation - Demised Property Not Usable. If, during the Lease Term, less than an entire Demised Property shall be taken
in any such Proceeding, and Tenant shall determine that the injury, damage or loss suffered from such taking cannot be so repaired, restored
or replaced that the remainder of the Demised Property can effectively be used in the business of Tenant, and if termination in such
circumstance is not prohibited by the Operative Documents, then this Lease shall, upon vesting of title pursuant to the Proceeding, terminate
as to the portion of such Demised Property so taken, and Tenant may terminate this Lease as to the remainder of such Demised Property.
Such termination as to the remainder of the Demised Property shall be effected by notice in writing given not more than ninety (90) days
after the date of the vesting of title in such Proceeding and shall specify a date not more than ninety (90) days after the giving of
such notice as the date for such termination. On the date specified in such notice, this Lease and all right, title and interest of Tenant
hereunder as to such Demised Property shall cease and come to an end upon the payment by Tenant to Landlord of cash in an amount equal
to the amount of Monthly Rent Amounts, if any, unpaid and accrued to the date of such termination. If this Lease is terminated in full
as to a Demised Property as in this Section 10.2 provided, Landlord shall be entitled to and shall receive the total award made in any
such Proceeding, and Tenant hereby assigns such award to Landlord, and the same shall be dealt with as between Landlord and Tenant in
accordance with the provisions of Section 10.4.

 

    9

     

    

 

Section 10.3. Partial
Condemnation - Remaining Demised Property Usable. If, during the Lease Term, less than the entire Demised Property shall be
taken in any such Proceeding and Tenant shall determine that the injury, damage or loss suffered from such taking can be so repaired,
restored or replaced that the remainder of the Demised Property can be effectively used in the business of Tenant, or if, in the case
of a taking of the character described in Section 10.2, Tenant does not exercise its right to terminate this Lease in full as provided
in Section 10.2, this Lease shall, upon the vesting of title in the Proceeding, terminate only as to the part of the Demised Property
so taken, and Landlord shall be entitled to and shall receive the total award made in such Proceeding, and Tenant hereby assigns such
award to Landlord. In any such case, Tenant covenants and agrees, at Tenant’s sole cost and expense (subject to reimbursement to
the extent hereinafter provided), promptly, and pursuant to the provisions of Section 11.1, to restore that portion of the Demised Property
not so taken to a complete architectural unit for the Permitted Uses and otherwise in accordance with the requirements, if any, contained
in the Operative Documents and applicable to the Demised Property. Landlord agrees to pay to, or at the direction of, Tenant, to reimburse
Tenant for expenditures made to restore the remaining portion of the Demised Property so that same shall constitute a complete architectural
unit and otherwise in accordance with the requirements, if any, contained in the Operative Documents and applicable to the Demised Property,
in the manner provided in Section 11.2, but only to the extent of the amount of any award that may be received by Landlord in any Proceeding.
If payment of such award shall not be received by Landlord in time to permit payments when required by Section 11.2, Tenant shall nevertheless
perform and fully pay for such Work pursuant to the provisions of Section 11.1 and payment of the amount to which Tenant may be entitled
under Section 11.2 (and interest thereon which is payable by the condemning authority) shall thereafter be made by Landlord as and when
payment of the award is received by Landlord. If the funds to be applied by Landlord as set forth in this Section 10.3 shall be insufficient
to pay the entire cost of such repairs, restorations or replacements, Tenant agrees to pay the deficiency. If less than an entire Demised
Property shall be taken in any Proceeding, and this Lease shall not have been terminated under the provisions of Section 10.2, the Monthly
Rent Amount shall be reduced in proportion to the extent to which the size of the Demised Property is reduced in consequence of such
Proceeding.

 

    10

     

    

 

Section 10.4. Application
of Condemnation Proceeds. If this Lease shall be terminated pursuant to Section 10.1 or Section 10.2, the total award in such
Proceeding to which Landlord is entitled and not payable to another party under the Operative Documents, including any amounts assigned
to Landlord by Tenant pursuant to Section 10.1 or Section 10.2, less the reasonable expenses incurred by Landlord in connection with
such Proceeding, shall be apportioned and paid to the following parties in the following order of priority:

 

(a)              
first, to Tenant, an amount equal to the aggregate of (i) Tenant’s consequential costs and/or losses (including, by way of
example and not limitation, relocation and business interruption costs and/or losses), if any, in the case of a taking of the character
described in Section 10.2, and (ii) the reasonable expenses incurred by Tenant in connection with such Proceeding; and

 

(b)              
second, to Landlord, the remaining balance, if any.

 

Section 10.5. Tenant
Condemnation Award. To the extent allowed by the Operative Documents and notwithstanding anything in this Article X to the
contrary, in any taking of a Demised Property, or any part thereof, whether or not this Lease is terminated as in this Article X provided,
Tenant shall have the right to prove in the Proceeding and to receive any award which may be made for damage to or condemnation of or
for (a) relocation costs and/or losses for interruption of a business and (b) the following to the extent owned by Tenant or leased by
Tenant from third parties: movable trade fixtures, furniture and furnishings, machinery and other items of personal property which are
a part of Tenant’s business or operations.

 

Section 10.6. Other
Condemnations. A taking of any facility not included within the Demised Property or a taking which shall result merely in
the removal of projecting portions of the Building upon any street, or of a portion of the outer facing of the walls of the Building
not requiring the demolition or reconstruction of a main building wall, or a taking of an underground right-of-way for a conduit or other
purpose not necessitating the demolition or substantial alteration of any portions of the Building above the street level, shall not
be deemed a taking of any part of the Demised Property for the purposes of this Article X, and this Lease shall not be affected by any
such taking of the nature referred to in this Section 10.6. Any alteration required because of a taking in the nature referred to in
this Section 10.6 shall be done by Tenant at its sole cost and expense and Landlord covenants and agrees to apply the net amount of any
award to which Landlord is entitled and is not payable to another party under the Operative Documents, after deduction of all Landlord’s
reasonable costs and expenses, that may be made for any such taking of the nature in this Section 10.6 referred to for physical damage,
if any, to the Building in the same manner as in Section 10.3 provided.

 

    11

     

    

 

ARTICLE XI. WORK FOR REPAIRS,
ALTERATIONS, RESTORATION

 

Section 11.1. Work
For Repairs, Alterations and Restoration. All work for the making of repairs as required by Section 6.1, for complying with
laws, ordinances, orders, regulations or requirements as required by Section 7.1, for making changes or alterations as permitted by Article
VIII, and for repairing, restoring or rebuilding as required by Sections 9.1 and 10.3 (the “Work”) shall be done subject
to the following conditions:

 

A.               
No Work involving structural change, alteration, restoration or rebuilding and estimated (by Tenant) to cost more than $1,000,000
shall be undertaken until detailed plans and specifications have first been submitted to and approved by Landlord, which approval will
not be unreasonably withheld or delayed.

 

B.                
No structural Work involving an estimated (by Tenant) cost of more than $1,000,000 and no Work involving an estimated (by Tenant)
cost of more than $3,000,000 shall be undertaken except under the supervision of an architect or engineer who shall have been approved
by Landlord, which approval will not be unreasonably withheld or delayed.

 

C.            All
Work shall be commenced only after all required municipal and other governmental permits and authorizations and all authorizations required
by the Operative Documents have been obtained (Landlord agreeing to join in any application therefor, at Tenant’s expense, whenever
necessary) and shall be done in a good and workmanlike manner and in substantial compliance with the Operative Documents, the other Existing
Encumbrances, applicable building and zoning laws and all other applicable laws, ordinances, regulations and requirements of all federal,
state and municipal governmental agencies, and in substantial accordance with the requirements of any insurer. The Work shall be prosecuted
with reasonable dispatch, subject to unavoidable delays. At all times when any Work is in progress, Tenant shall maintain or cause to
be maintained (i) adequate workers’ compensation insurance covering all persons employed in connection with the Work and with respect
to whom death or injury claims could be asserted against Landlord, Tenant or the Demised Premises, and (ii) for the mutual benefit of
Tenant and Landlord, commercial general liability insurance against all hazards, including liability assumed under contract such as under
Section 15.1, to limits of not less than those required for public liability insurance under Article IV. Such commercial general liability
insurance shall be in addition to the insurance required under Article IV but may be effected by an appropriate endorsement, if obtainable,
upon the insurance policy referred to in said Article IV. All policies of such insurance shall comply with the provisions of said Article
IV.

 

Section 11.2. Disbursement
of Deposit. All proceeds of insurance described in Sections 4.3 and 9.2, and the amount of any award which Landlord has agreed
or is obligated, in Section 10.3, to pay to or at the direction of Tenant (referred to herein as the “Deposit”) shall
be paid out or caused to be paid out by Landlord from time to time as the Work progresses upon the written request of Tenant (subject,
however, to the prior rights of any party or parties under any of the Operative Documents). Tenant shall furnish Landlord at the time
of final payment with an official search or other evidence reasonably satisfactory to Landlord that there has not been filed with respect
to the Demised Premises any mechanic’s or other lien which has not been discharged of record, in respect of any work, labor, services
or materials performed, furnished or supplied, in connection with the Work and that all of said materials have been purchased free and
clear of any chattel mortgage or title retention or other security agreement. Upon submission of proof satisfactory to Landlord that
the Work has been paid for in full, Landlord, subject to the provisions of Section 10.3, shall disburse to Tenant the balance of the
Deposit, except that the balance of any award remaining after applying the same to the payment of any Work required shall be retained
by Landlord.

 

    12

     

    

 

ARTICLE XII. MECHANICS’
LIENS

 

Tenant shall not suffer or
permit any mechanics’ or other liens to be filed against the Demised Premises or against Tenant’s leasehold interest therein
by reason of work, labor, services or materials supplied or claimed to have been supplied to Tenant or anyone holding the Demised Premises
or any part thereof through or under Tenant, and nothing contained in this Lease shall be deemed or construed in any way as constituting
the consent or request of Landlord, expressed or implied, to any contractor, subcontractor, laborer or materialman for the performance
of any labor or the furnishing of any materials for any specific improvement, alteration or repair of the Demised Premises, nor as giving
Tenant any right, power or authority to contract for or permit the rendering of any services or the furnishing of any materials that would
give rise to the filing of any mechanics’ liens against the Demised Premises. Landlord shall have the right at all reasonable times
to post and keep posted on the Demised Premises any notices that may be provided by law which Landlord may reasonably deem necessary or
advisable for the protection of Landlord and the Demised Premises from mechanics’ liens. If any such mechanic’s lien shall
at any time be filed against the Demised Premises, within sixty (60) days after the date of filing, Tenant shall cause the same to be
discharged of record or bonded (at Tenant’s option). If Tenant shall fail to discharge or bond such mechanic’s lien within
such period, then, in addition to any other right or remedy of Landlord, Landlord may, but shall not be obligated to, discharge such lien
by paying the amount claimed to be due or by deposit in court or by bonding, and in any such event Landlord may compel the prosecution
of an action for the foreclosure of such mechanic’s lien by the lienor and pay the amount of the judgment, if any, in favor of the
lienor with interest, costs and allowances. Any reasonable amount so paid by Landlord, and all reasonable legal and other expenses of
Landlord, including reasonable counsel fees, in defending any such action or in procuring the discharge of such lien, with all necessary
disbursements in connection therewith, with interest thereon at the Default Rate from the date of payment, shall be repaid by Tenant to
Landlord on demand. Notwithstanding the foregoing, Tenant at its expense may contest by appropriate legal proceedings, conducted in good
faith and with due diligence the amount, validity or application in full or in part, of any lien referred to in this Article XII, provided
that (a) neither the Demised Premises or any substantial part thereof would be in substantial danger of imminently being forfeited or
lost in consequence of the enforcement of the contested lien, and (b) Tenant shall have furnished such security, if any, as may be required
in the proceedings. Landlord covenants and agrees not to exercise any right or remedy prior to the final and unappealable resolution of
any contest by Tenant, except as may be required of Landlord by any party to any of the Operative Documents in the exercise of such other
party’s rights thereunder.

 

ARTICLE XIII. LANDLORD’S
RIGHT TO ENTER PREMISES

 

Section 13.1. Entry
for Emergencies, Inspection and Work. Subject to the limitations contained in this Section 13.1, Tenant agrees to permit Landlord
and any authorized representatives of Landlord to enter the Demised Premises at all times during usual business hours upon at least 24
hours prior notice (or at any other time without notice in the case of an emergency), to inspect the same and if Landlord shall desire,
but without implying any obligation on Landlord to do so, to make any repairs reasonably deemed necessary or desirable by Landlord and
to perform any work in the Demised Premises reasonably deemed necessary by Landlord to comply with any laws, ordinances, orders, regulations
or requirements of any governmental authority. No work performed by or on behalf of Landlord permitted pursuant to this Section 13.1
shall unreasonably interfere with, inconvenience, annoy or disturb Tenant’s business. During the progress of any such work, Landlord
may keep and store upon the Demised Premises all necessary materials, tools and equipment provided that doing so will not unreasonably
interfere with, inconvenience, annoy or disturb Tenant’s business. Landlord shall be liable for unreasonable inconvenience, annoyance,
disturbance, loss of business or other damage to Tenant by reason of the performance of any such work or of bringing and/or storing materials,
supplies and equipment into, through or on the Demised Premises during the course thereof.

 

    13

     

    

 

Section 13.2. Entry
for Sale, Leasing or Mortgaging. Tenant agrees to permit Landlord and any authorized representatives of Landlord to enter
the Demised Premises at all times during usual business hours to exhibit the same for the purpose of sale or mortgage and, during the
last six (6) months of the Lease Term, for the purpose of lease.

 

Section 13.3. Entry
under Operative Documents. Any party to any of the Operative Documents (other than Landlord) which has the right under the
Operative Documents to enter the Demised Premises or perform any work in the Demised Premises shall be permitted by Tenant to so enter
or perform work in accordance with the Operative Documents.

 

ARTICLE XIV. ASSIGNMENT
AND SUBLETTING

 

Section 14.1. Approved Assignment.
Landlord agrees that Tenant may, unless expressly prohibited by a provision of the Operative Documents, assign this Lease or sublease
the Demised Premises, respectively, or any right or interest therein, without Landlord’s written consent to any subsidiary or affiliate
of Tenant or of Tenant’s parent (collectively, “Approved Assignee”). In the event of any such assignment or transfer,
Tenant herein named (and, in case of any subsequent transfer, the transferor) shall be automatically released and relieved from and after
the date of such assignment or transfer of all personal liability as respects the performance of any covenants or agreements on the part
of Tenant contained in this Lease thereafter to be performed (including, but not limited to, the agreement described in Section 2.2 pertaining
to the Operative Documents), and provided further that upon any such permitted assignment or transfer, the assignee or transferee shall
be deemed to have assumed all of the covenants, agreements and conditions in this Lease contained to be performed on the part of Tenant,
it being intended hereby that the covenants and agreements contained in this Lease on the part of Tenant shall, subject as aforesaid,
be binding on Tenant, its successors and assigns, only during and in respect of their respective successive periods of ownership.

 

Section 14.2. General Prohibition
on Assignments and Transfers. Except for as provided in Section 14.1 above, Tenant shall not assign or transfer this Lease or any
interest therein without Landlord’s prior written consent, which consent may be withheld in Landlord’s sole and absolute discretion.

 

    14

     

    

 

ARTICLE XV. LIABILITIES

 

Section 15.1. Indemnification
by Tenant of Landlord. Tenant agrees to indemnify and save harmless Landlord against and from any and all claims by or on
behalf of any persons, firms or corporations, arising from the conduct or management of, or from any work or thing whatsoever done by
Tenant in or about the Demised Premises during the Lease Term, and will further indemnify and save Landlord harmless against and from
any and all claims arising during the Lease Term from any condition of the Demised Premises, or any street, curb or sidewalk adjoining
the Demised Premises, or arising from any breach or default on the part of Tenant in the performance of any covenant or agreement on
the part of Tenant to be performed pursuant to the terms of this Lease during the Lease Term, or arising from any act or omission, if
the result of negligence of Tenant, or any of its agents, contractors, servants, employees or licensees, or arising from any accident,
injury or damage whatsoever caused to any person, firm or corporation occurring during the Lease Term, in or about the Demised Premises,
or upon or under the sidewalks and the land adjacent thereto, or any claim based on strict or vicarious liability in tort or otherwise,
and from and against all reasonable costs, counsel fees, expenses and liabilities incurred in or about any such claim or action or proceeding
brought thereon; and in case any action or proceeding be brought against Landlord by reason of any such claim Tenant, upon notice from
Landlord, covenants to resist or defend such action or proceeding.

 

Section
15.2. Indemnification by Landlord of Tenant. Landlord shall defend, indemnify and save and hold Tenant harmless from and against
any and all liabilities, obligations, losses, damages, claims, demands, costs and expenses, including reasonable attorneys’ fees
and court costs (but specifically excluding any punitive, incidental, consequential, indirect, special and exemplary damages and Landlord
shall have no liability for said types of damages), incurred by Tenant and arising directly or indirectly from or out of the negligent,
reckless, or intentional acts of Landlord or its agents, contractors, materialmen, or suppliers alleged to have happened on or about
the Demised Premises. Landlord’s indemnity obligations under this Section 15.2 arising prior to the expiration or earlier termination
of the Lease Term shall survive any such expiration or termination of this Lease.

 

Section 15.3. Representation
by Landlord to Tenant. Landlord hereby represents to Tenant that this Lease constitutes the legal, valid and binding obligation
of Landlord, enforceable against Landlord in accordance with its terms. Tenant is fully familiar with the physical condition of the Demised
Premises and every part thereof. Except for the representations and warranties of Landlord in this Section 15.3, Landlord has made no
representations of whatever nature in connection with the condition of the Demised Premises or any part thereof, and Landlord shall not
be liable for any latent or patent defects therein.

 

Section 15.4. Net
Lease. This Lease shall be deemed and construed to be an absolutely net lease, and in no circumstances and under no conditions,
whether now existing or hereafter arising, or whether within or beyond the present contemplation of the parties, shall Landlord be required
to make any payment of any kind whatsoever or be under any other obligation or liability hereunder, except as herein expressly set forth,
nor shall any rent due hereunder be subject to deduction or set-off on account of taxes, insurance premiums, utility charges, debt service,
ground rents or other charges.

 

    15

     

    

 

Section 15.5. Independent
Obligations of Tenant. The covenants and agreements of Tenant hereunder shall be separate obligations independent of Landlord’s
covenants and agreements and shall continue unaffected unless such obligations are affected or modified or terminated pursuant to an
express provision of this Lease.

 

Section 15.6. Survival.
The obligations of Tenant under this Article XV shall survive the expiration or earlier termination of this Lease, subject to the terms
of Article 14.

 

ARTICLE XVI. DEFAULTS
AND REMEDIES

 

Section 16.1. Bankruptcy
Defaults by Tenant. If Tenant shall (a) apply for or consent to the appointment of a receiver, trustee or liquidator of Tenant
or of all or a substantial part of its assets, (b) file a voluntary petition in bankruptcy, or admit in writing its inability to pay
its debts as they come due, (c) make a general assignment for the benefit of creditors, (d) file a petition or an answer seeking reorganization
or arrangement with creditors or to take advantage of any insolvency law, or (e) file an answer admitting the material allegations of
a petition filed against Tenant in any bankruptcy, reorganization or insolvency proceeding, or if an order, judgment or decree shall
be entered by any court of competent jurisdiction adjudicating Tenant a bankrupt or insolvent or approving a petition seeking reorganization
of Tenant or appointing a receiver, trustee or liquidator of Tenant or of all or a substantial part of its assets, and such order, judgment
or decree shall continue unstayed and in effect for any period of ninety (90) consecutive days, then, in any of such events, Landlord
may give to Tenant a notice of intention to end the Lease Term, specifying a day not earlier than five (5) days thereafter, and upon
the giving of such notice the Lease Term and all right, title and interest of Tenant hereunder shall expire as fully and completely on
the day so specified as if that day were the date herein specifically fixed for the expiration of the Lease Term, but Tenant shall remain
liable as hereinafter provided.

 

Section 16.2. Other
Defaults by Tenant. If (a) Tenant shall make default in fulfilling any of the covenants of this Lease (other than the covenant
for the payment of Monthly Rent Amounts), or (b) the Demised Premises are used in violation of Section 1.5, except during a period of
governmental occupancy referred to in Section 10.5, or (c) the Demised Premises shall be abandoned for a period of thirty (30) or more
consecutive days, Landlord may give Tenant notice of any such default or of the happening of any such contingency, and if, at the expiration
of thirty (30) days after the giving of such notice, the default or the happening of the contingency upon which said notice was based
shall continue to exist, or in the case of a default which cannot with due diligence be cured within a period of thirty (30) days, if
Tenant fails to proceed promptly after the giving of such notice to commence to cure the same and thereafter to prosecute the curing
of such default with due diligence (it being intended that in connection with such a default not susceptible of being cured with due
diligence within thirty (30) days, the time within which Tenant may cure the same shall be extended for such period as may be necessary
to complete the curing with due diligence), Landlord may give to Tenant a notice of intention to end the Lease Term, specifying a day
not earlier than thirty (30) days thereafter, and upon the giving of such second notice the Lease Term and all right, title and interest
of Tenant hereunder shall expire as fully and completely on the day so specified as if that day were the date herein specifically fixed
for the expiration of the Lease Term, but Tenant shall remain liable as hereinafter provided. Notwithstanding any provision of this Lease
to the contrary, Landlord specifically agrees that the suspension or cessation of Tenant’s business operations at the Demised Premises
shall not constitute a breach, default or event of default under this Lease.

 

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Section 16.3. Remedies
of Landlord. If Tenant shall default in the performance of any of its obligations under this Lease beyond the applicable cure
period in Section 16.2, or if this Lease shall terminate as in Section 16.1 or Section 16.2 provided, Landlord or Landlord’s agents
and servants may immediately or at any time thereafter reenter the Demised Premises and remove all persons and all or any property therefrom,
either by summary dispossess proceedings or by any suitable action or proceeding at law or by force or otherwise, without being liable
to indictment, prosecution or damages therefor, and repossess and enjoy the Demised Premises together with all alterations, improvements
and additions. If this Lease shall terminate as provided in Section 16.1 or Section 16.2, or in the event of the termination of this
Lease by summary dispossess proceedings or under any provision of law now or at any time hereafter in force by reason of or based upon
or arising out of a default under or breach of this Lease on the part of Tenant, or upon Landlord recovering possession of the Demised
Premises in the manner or in any of the circumstances hereinbefore mentioned or in any other manner or circumstances whatsoever, whether
with legal proceedings, by reason of or based upon or arising out of a default under or breach of this Lease on the part of Tenant, Landlord
may, at its option, at any time and from time to time relet the Demised Premises, or any part or parts thereof, for the account of Tenant
or otherwise, and receive and collect the rents therefor, applying the same first to the payment of such reasonable expenses, commissions
and charges as Landlord may have paid or incurred, including reasonable legal expenses and attorneys’ fees, in recovering possession
of the Demised Premises, in putting the same in good order and condition, in preparing or altering the same for reletting or in or about
reletting the Demised Premises, and then to the fulfillment of the covenants of Tenant hereunder. Any such reletting herein provided
for may be for the remainder of the Lease Term as originally provided in this Lease, or for a longer or shorter period. In any such case
and whether or not the Demised Premises, or any part thereof, be relet, Tenant shall pay to Landlord the Monthly Rent Amounts and all
other charges required to be paid by Tenant up to the time of such termination of this Lease, or of such recovery of possession of the
Demised Premises by Landlord, as the case may be, and thereafter, except in a case in which the liability of Tenant as hereinafter provided
arises by reason of the termination of this Lease under Section 16.1, Tenant covenants and agrees, if required by Landlord, to pay to
Landlord until the end of the Lease Term (which, for the purposes of this Section 16.3, shall be determined as if Tenant would not exercise
any remaining options to extend the Lease Term), the equivalent of the amount of all the Monthly Rent Amounts reserved herein and all
other charges required to be paid by Tenant, less the net avails of reletting, if any, and the same shall be due and payable by Tenant
to Landlord on the date specified in Section 1.4, that is to say, upon the date that the Monthly Rent Amounts are due, Tenant shall pay
to Landlord the amount of the deficiency then existing. In any case of the character described in the immediately preceding sentence,
Landlord may (provided that the same is not prohibited by applicable law), instead of holding Tenant liable as in such sentence provided,
forthwith to recover from Tenant, as damages for loss of the bargain and not as a penalty, an aggregate sum which at the time of such
termination of this Lease or of such recovery of possession of the Demised Premises, as the case may be, represents the then present
value, computed using a per annum discount rate of six percent (6%) in excess of the Prime Rate in effect on the date of the termination
of this Lease, compounded annually, of the excess, if any, of (a) the amount of the Monthly Rent Amounts that would have accrued for
the balance of the Lease Term (which, for the purposes of this Section 16.3, shall be determined as if Tenant would not elect to exercise
any remaining options to extend the Lease Term) over (b) the aggregate rental value of the Demised Premises for the balance of such Lease
Term (which, for the purposes of this Section 16.3, shall be determined as if Tenant would not elect to exercise any remaining options
to extend the Lease Term). Notwithstanding the foregoing to the contrary, the maximum amount payable to Landlord for the damages described
in the preceding sentence shall not exceed the greatest amount to which Landlord would be entitled under applicable law.

 

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Section 16.4. Landlord’s
Damages. If this Lease shall terminate as a result of any contingency described in Section 16.1, whether or not terminated
by Landlord, Landlord shall be entitled, notwithstanding any other provision of this Lease or any present or future law, to recover from
Tenant, as damages for loss of the bargain and not as a penalty, an aggregate sum which at the time of such termination of this Lease
represents the then present value, calculated in the manner set forth in Section 16.3, of the excess, if any, of (a) the amount of the
Monthly Rent Amounts that would have accrued for the balance of the Lease Term (which, for the purposes of this Section 16.4, shall be
determined as if Tenant would not elect to exercise any remaining options to extend the Lease Term) over (b) the aggregate rental value
of the Demised Premises for the balance of such Lease Term (which, for the purposes of this Section 16.4, shall be determined as if Tenant
would not elect to exercise any remaining options to extend the Lease Term), unless any statute or rule of law governing the proceeding
in which such damages are to be proved shall limit the amount of such claim capable of being so proved, in which case Landlord shall
be entitled to prove as and for liquidated damages by reason of such breach and termination of this Lease, the lesser of (i) the amount
to which Landlord would be entitled under the other applicable provisions of this Lease, and (ii) the maximum amount which may be allowed
by or under any such statute or rule of law.

 

ARTICLE XVII. MISCELLANEOUS

 

Section 17.1. Severability.
If any covenant, agreement or condition of this Lease or the application thereof to any person, firm or corporation or to any circumstance,
shall to any extent be invalid or unenforceable, the remainder of this Lease, or the application of such covenant, agreement or condition
to persons, firms or corporations or to circumstances other than those as to which it is invalid or unenforceable, shall not be affected
thereby. Each covenant, agreement or condition of this Lease shall be valid and enforceable to the fullest extent permitted by law.

 

Section 17.2. Notices.
All notices, demands and requests which may or are required to be given by either party to the other shall be in writing and shall be
deemed given the earlier of the date actually received by the addressee or the day after being sent by United States registered or certified
mail, return receipt requested, or nationally recognized courier service, (a) if for Landlord, addressed to Landlord at the Landlord
Notice Address or at such other place as Landlord may designate by notice to Tenant, or (b) if for Tenant, addressed to Tenant at the
Tenant Notice Address or at such other place as Tenant may from time to time designate by notice to Landlord.

 

Section 17.3. Quiet
Enjoyment. Landlord covenants and agrees that Tenant upon paying the Monthly Rent Amounts and all other charges herein provided
for and performing and fulfilling the covenants, agreements and conditions of this Lease on Tenant’s part to be performed and fulfilled,
shall lawfully and quietly hold, occupy and enjoy the Demised Premises during the Lease Term without hindrance or molestation by Landlord
or any person or persons claiming under Landlord, subject, however, to the matters herein set forth.

 

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Section 17.4. Limitation
of Landlord’s Liability. The term “Landlord” as used in this Lease, so far as covenants or agreements on
the part of Landlord are concerned, shall be limited to mean and include only the owner or owners of Landlord’s interest in this
Lease at the time in question, and in the event of any transfer or transfers of such interest, except a transfer by way of security,
Landlord herein named (and in case of any subsequent transfer, the transferor) shall be automatically released and relieved from and
after the date of such transfer of all personal liability as respects the performance of any covenants or agreements on the part of Landlord
contained in this Lease thereafter to be performed, provided that any funds in the hands of such Landlord or the transferor at
the time of such transfer in which Tenant has an interest or which are being held pursuant to this Lease, shall be turned over to the
transferee and any amount then due and payable to Tenant by Landlord or the transferor under any provision of this Lease shall be paid
to Tenant, and provided further that upon any such transfer, the transferee shall be deemed to have assumed, subject to
the limitation of this Section 17.4, all of the covenants, agreements and conditions in this Lease contained to be performed on the part
of Landlord, it being intended hereby that the covenants and agreements contained in this Lease on the part of Landlord shall, subject
as aforesaid, be binding on Landlord, its successors and assigns, only during and in respect of their respective successive periods of
ownership.

 

Section 17.5. Estoppel
Certificate by Tenant. Tenant agrees that at any time and from time to time upon request by Landlord, Tenant will execute,
acknowledge and deliver to Landlord a statement in writing certifying (a) that this Lease is unmodified and in full force and effect
(or if there have been modifications that the same is in full force and effect as modified and identifying the modifications), (b) the
dates to which the Monthly Rent Amounts and other charges have been paid, and (c) that, to Tenant’s actual knowledge without investigation
or inquiry, Landlord is not in default under any provisions of this Lease other than those, if any, specifically set forth in such instrument.

 

Section 17.6. Cumulative
Remedies. The specified remedies to which Landlord and Tenant may resort under the terms of this Lease are cumulative and
are not intended to be exclusive of any other remedies or means of redress to which Landlord or Tenant may be lawfully entitled in case
of any breach or threatened breach by the other party of any covenant, agreement or condition of this Lease.

 

Section 17.7. No
Waiver. The failure of Landlord or Tenant to insist in any one or more cases upon the strict performance or observance of
any of the covenants, agreements or conditions of this Lease or to exercise any option herein contained shall not be construed as a waiver
or a relinquishment for the future of such covenant, agreement, condition or option. A receipt by Landlord of rent with knowledge of
the breach of any covenant, agreement or condition hereof shall not be deemed a waiver of such breach, and no waiver by Landlord of any
covenant, agreement or condition of this Lease shall be deemed to have been made unless expressed in writing and signed by Landlord.

 

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Section 17.8. Modifications
of Lease. This Lease cannot be changed orally, but only by agreement in writing signed by the party against whom or against
whose successors and assigns enforcement of the change is sought.

 

Section 17.9. Application
of Tenant Deposits. In the event of any default by Tenant under this Lease, Landlord is authorized at Landlord’s option,
to apply any moneys deposited by or for the account of Tenant under any provision of this Lease on account of such default. Tenant shall
not be entitled to interest on any moneys so deposited.

 

Section 17.10. Successors
and Assigns. This Lease is for the sole benefit of Landlord, its successors and assigns, and Tenant, its successors and assigns,
subject to the provisions of Article XIV, and is not for the benefit of any third party.

 

Section 17.11. Recordation.
Upon the request of either party, Landlord and Tenant will execute and deliver a short form of this Lease for record. Such short form
shall not modify the terms of this Lease and shall not contain the rent or any other financial terms. Notwithstanding the execution,
delivery and recording of such short form, the relations between Landlord and Tenant shall be governed by the provisions of this Lease
and not by the short form. This Lease shall not be made a matter of public record.

 

Section 17.12. Priority.
Any mortgage or deed of trust covering the Demised Premises, or any part thereof, that is not an Existing Encumbrance shall be subject
and subordinate to this Lease, unless Landlord, in its sole discretion and upon written notice to Tenant, elects that the Lease and the
rights of Tenant hereunder be subject and subordinate to the lien of any mortgage or deed of trust hereafter placed upon, affecting or
encumbering the Demised Premises or any part thereof.

 

Section 17.13. Covenants
as Conditions. All of the covenants of the parties hereunder shall be deemed and construed to be “conditions”
as well as “covenants” as though the words specifically expressing or importing covenants and conditions were used in each
separate instance.

 

Section 17.14. Captions.
The captions in this Lease and the exhibits to this Lease are for convenience and reference only and in no way define, limit, describe
or enhance the scope or intent of this Lease nor in any way affect this Lease.

 

Section 17.15. Number
and Gender. Whenever used within this Lease, the singular may be read as plural, or vice versa, and masculine, feminine and
neuter may be read as one another, where the context requires that the terms be read as such.

 

Section 17.16. Applicable
Law. This Lease shall be construed and enforced in accordance with the laws of the United States of America and the State
of Ohio.

 

Section 17.17. Exhibits.
All Exhibits to this Lease are hereby incorporated into and made part of this Lease.

 

Section 17.18. Intercompany
Lease. LANDLORD AND TENANT ACKNOWLEDGE AND AGREE THAT THIS IS AN INTERCOMPANY LEASE AGREEMENT BETWEEN RELATED PARTIES. THIS
LEASE AND THE TERMS AND CONDITIONS CONTAINED HEREIN SHALL ONLY BE APPLICABLE AS TO LANDLORD, TENANT, AND ANY APPROVED ASSIGNEE, AS EACH
ARE RELATED PARTIES.

 

[SIGNATURE PAGES FOLLOW]

 

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[SIGNATURE PAGE TO INTERCOMPANY LEASE]

 

	 	LANDLORD:
	 	 
	 	QGC Landholdings, LLC,
	 	an Ohio limited liability company

 

		By:	/s/ Michael Langhammer

		Print Name:	Michael Langhammer

		Title:	Member

 

	STATE OF OHIO	)
	 	)
	COUNTY OF BUTLER	)

 

The foregoing instrument was acknowledged
before me, a notary public, this 30th____ day of September 2022, by Michael Langhammer_________________________________,
the Member________________________, of QGC Landholdings, LLC, an Ohio limited liability company, on behalf of the limited
liability company. This is an acknowledgment certificate. No oath or affirmation was administered to the signer with regard to the notarial
act.

 

	 	/s/ Dennis Horn
	 	Notary Public

		My commission expires:	January
                                            11, 2026

 

     

     

    

 

[SIGNATURE PAGE TO INTERCOMPANY LEASE]

 

	 	TENANT:
	 	 
	 	Quality Gold, Inc.,
	 	an Ohio corporation

 

		By:	/s/ Jason Langhammer

		Print Name:	Jason Langhammer

		Title:	COO

 

	STATE OF OHIO	)
	 	)
	COUNTY OF BUTLER	)

 

The foregoing instrument was acknowledged
before me, a notary public, this 30th____ day of September     2022, by Jason Langhammer__________________________________,
the COO____________________________, of Quality Gold, Inc., an Ohio corporation, on behalf of the corporation. This is an
acknowledgment certificate. No oath or affirmation was administered to the signer with regard to the notarial act.

 

	 	/s/ Dennis Horn
	 	Notary Public

		My commission expires:	January
                                            11, 2026

 

     

     

    

 

Exhibit A

 

Depiction of Demised Premises

 

[Attached]

 

     

     

    

 

 

     

     

    

 

 

     

     

    

 

Exhibit B

 

Legal Description of Real Property

 

500 Quality Blvd, Fairfield, OH (Auditor’s Parcel
No.: A0700-151-000-037)

 

SITUATED IN THE CITY OF FAIRFIELD, COUNTY OF BUTLER, STATE OF OHIQ,
BEING LOT NUMBERED 12991, BEING A REPLAT OF PART OF LOT NUMBER 7301, LOT NUMBERED 12630, FAIRFIELD COMMERCE CENTER WEST SECTION ONE,
BLOCK "B” AND LOT NUMBERED 12633, FAIRFIELD COMMERCE CENTER WEST, SECTION 2, BLOCK “A”, AS RECORDED IN PLAT ENVELOPE
3169, PAGES A AND B OF THE SAID CITY OF FAIRFIELD, BUTLER COUNTY, OHIO,

 

530 Quality Boulevard, Fairfield, OH (Auditor’s
Parcel No.: A0700-151-000-038)

 

Situated in Section 16, Town 2, Range 2, City of Fairfield, Butler
County, Ohio and being a 2.000 acre tract of land in part of Lot #12992 as known and designated on the list of lots in said City of Fairfield
and being further described as follows:

 

Beginning at the Southwest corner of aforementioned Lot #12992, said
point being in the Easterly right-of-way line of Quality Boulevard;

 

	thence	along said right-of-way line, North 17°13'23" West, 195.06 feet to a point witnessed by a set mag nail in the centerline of aforementioned Quality Boulevard at South 72°46'37" West, 30.00 feet;
	thence	leaving said right-of-way line, North 72°46'37" East, 466.94 feet to a set 5/8" iron pin in the boundary of aforementioned Lot #12992;
	thence	along said boundary, South 01°52'56" West, 103.03 feet to an existing concrete monument;
	thence	South 28°40'13" East, 99.69 feet;
	thence	South 72°46'37" West, 453.01 feet to the point of beginning containing 87,111.96 square feet or 2.000 acres of land and being subject to all easements and right-of-ways of record.

 

The above description was prepared from a survey dated December 26,
2001 made by Todd K. Turner, Registered Surveyor #7684 in the State of Ohio.

 

The plat of which is recorded in Volume 42 , Page 33 , of the Butler
County Engineer's Records.

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