Document:

Exhibit 10.22

 

J. Elmer Turner, REALTORS, Inc

 

 

NORTH
TEXAS COMMERCIAL ASSOCIATION OF REALTORS®

 

COMMERCIAL LEASE AGREEMENT

 

between

 

Pasha & Sina, Inc.

(Landlord)

 

and

 

Harper & Jones, LLC

(Tenant)

 

    	

     

    

 

TABLE OF CONTENTS

 

Article

 

		1.	Defined Terms	2

		2.	Lease and Term	8

		3.	Rent and Security Deposit	9

		4.	Taxes	10

		5.	Insurance and Indemnity	10

		6.	Use of Premises	12

		7.	Property Condition, Maintenance, Repairs and Alterations	13

		8.	Damage or Destruction	16

		9.	Condemnation	16

		10.	Assignment and Subletting	17

		11.	Default and Remedies	17

		12.	Landlord’s Contractual Lien	20

		13.	Protection of Lenders	21

		14.	Environmental Representations and Indemnity	22

		15.	Professional Service Fees	23

		16.	Miscellaneous and Additional Provisions	25

 

	J. Elmer Turner REALTORS, Inc. 2626 Cole Avenue Dallas TX 75204	 	Phone: (214) 954-1221	 	Fax:	 	2736 Routh St.

Logan
Turner

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COMMERCIAL LEASE AGREEMENT

 

[Throughout this Lease, complete all blanks
and check all boxes that apply. Blanks not completed and boxes not checked do not apply.]

 

For good and valuable consideration, the parties to this Commercial
Lease Agreement (the “Lease”) agree as follows:

 

ARTICLE ONE

 

DEFINED TERMS

 

As used in this Lease, the terms set forth in this Article One
have the following meanings:

 

		1.01	Effective Date: The last date beneath the signatures
of Landlord and Tenant on this Lease.

 

		1.02	Landlord:	Pasha &
                                            Sina, Inc.

	 	Address:	15175 Quorum Dr

	 	Addison, Texas 75001

	 	Telephone:	(214)598-2191	Fax:	 

	 	 	Email:	pashaheidari@sbcglobal.net

 

	 	1.03	Tenant:	Harper & Jones, LLC

	 	Address:	2736 Routh St

	 	Dallas, TX 75204

	 	Telephone:	(972)564-8336	Fax:	 

	 	Email:	 

 

		1.04	Premises
                                            [include Suite or Unit No., if applicable]: 	2736
                                            Routh Street

 

 

	 	A. Building Name:	2736 Routh Street

 

	 	B. Street address:	2736 Routh St

	 	Dallas, TX 75201-1970

	 	 	in	Dallas	 County, Texas.

 

C. Legal description: The property on which the Premises
are situated is described as; BEING a building on Part of Lot 7, Block 3/955 in the Ahab Bowen Homestead Addition to the City
of Dallas, save and except the small office addition attached to the rear of the main building.

and may be more particularly described
on the attached Exhibit “A”, Survey or Legal Description (the “Property”). The term “Property”
includes the land described on Exhibit “A”, and any improvements on the land (including the Premises).

 

D. Floor Plan or Site Plan: Being a floor area of
approximately           2,860          
square feet, or a land area of approximately           n/a          
square feet or approximately            n/a           
acres, and being more particularly shown in outline form on the attached Exhibit “B”, Floor Plan
or Site Plan.

 

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E. Tenant’s
Pro Rata Share:           94.000         %.

 

		1.05	Term:      3     
                                            years and      four     
                                            months beginning on      See Additional Provisions     ,
                                                      (the “Commencement
                                            Date”) and ending on           June 30         ,
                                            2022      (the “Expiration Date”).
                                            Unless the context requires otherwise, references in this Lease to the “Term”
                                            include any renewal or extension of this Lease. [See Addendum “A”,
                                            Renewal Options, if applicable].

 

		1.06	Base Rent: Base Rent is due and payable in monthly installments during the Term of this Lease as set forth in this Section.
Base Rent and all other sums due or payable by Tenant to Landlord under this Lease are collectively referred to in this Lease as the “Rent”

 

Base Rent Payment Schedule

 

On or before the first day of each month during the Term
of this Lease, Tenant shall pay monthly installments of Base Rent as follows:

 

	 	 	Dates	 	 	 	Monthly Base Rent	 
	 	From	Month Zero (0)	to	Month Three (3)	 	$	 	;
	 	From	Month Four (4)	to	Month Twelve (12)	 	$	6,500.00	;
	 	From	Month Thirteen (13)	to	Month Thirteen (13)	 	$	 	;
	 	From	Month Fourteen (14)	to	Month Twenty-Four (24)	 	$	6,825.00	;
	 	From	Month Twenty-Five (25)	to	Month Forty(40)	 	$	7,166.00	;
	 	From	 	to	 	 	$	 	;

 

[Rent for any Renewal Term is determined
pursuant to a separate Addendum, if applicable, and should not be set forth here.]

 

		1.07	Percentage-Rental Rate:                            
%. [See Addendum “D”, Percentage Rental and Gross Sales Reports,
if applicable]

 

		1.08	Security Deposit: $ 6,500.00                    
(due upon execution of this Lease). [See Section 3.04]

 

		1.09	Expense Reimbursements:

 

A. Tenant shall pay Landlord
as additional Rent (or pay the charges directly to the service provider, if applicable) the following expenses (or a portion of the expenses,
if applicable) (each an “Expense Reimbursement” and collectively the “Expense Reimbursements”)
that are incurred by or assessed against the Premises (as each of these terms is defined in this Lease) [check all boxes that apply]:

 

 ̈ 
Real Estate Taxes;

 ̈ 
Insurance Premiums;

 ̈ 
Common Area Maintenance (CAM) Expenses;

 ̈ 
Operating Expenses;

 ̈ 
Roof and Structural Maintenance Expenses;

x 
Electricity;

x 
Cable;

x 
Gas;

x  Internet Access;

 

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x 
Water;

x 
Sewer;

x 
Telephone;

x 
Trash Removal; and

x  All other Utilities.

 

		B.	Expense Definitions.

 

1.    Real
Estate Taxes. “Real Estate Taxes” means all general real-estate taxes, ad valorem taxes, general
and special assessments, parking surcharges, rent taxes,  and other similar government charges levied against or applicable
to the Property for each calender year.

 

2.    Insurance
Premiums. “Insurance Premiums” means all Landloard’s insurance premiums attributable to
the Property, including but not limited to insurance for fire, casualty, general liability, property damage, medical expenses, extended
severage, and less of rents coverage for up to 12 months’ Rent.

 

3.    Common
Area Maintenance Expenses. “Common Area Maintenance Expenses” or “CAM Expenses” means all costs
of maintenance, inspection and repairs of the Common Areas of the Property, including, but not limited to, those costs for security, lighting,
painting, cleaning, decorations and fixtures. Utilities, ice and snow removal, trash disposal, project signs, reef repairs, pest
control, project promotional expenses, property owners’ association dues, wages and salary costs of maintenance personnel,
and other expenses benefiting all the Property that may be incurred by Landlord, in its discretion, including sales taxes and a reasonable
service charge for the administration thereof. The term “Common Areas” is defined as that part of the Property
intended for the collective use of all tenants including, but not limited to, the parking areas, driveways, loading areas, landscaping,
gutters and downspouts, plumbing, electrical systems, HVAC systems roof, exterior walls, sidewalks, malls, promenades
(enclosed or otherwise), meeting rooms, doors, otherwise), meeting rooms, doors, windows, corridors and public rest rooms. CAM
Expenses do not include the cost of capital Improvements, the cost of management office equipment and furnishings, depreciation on Landlord’s
original investment, the cost of tenant improvements, real estate brokers’ fees, advertising of space for lease, or interest or
depreciation on capital investments.

 

4.    Operating
Expenses. “Operating Expenses” means all costs of ownership, building management, maintenance,
repairs and operation of the Property, including but not limited to roof and structural maintenance, Real Estate Taxes, Insurance
Premiums, CAM Expenses, reasonable management fees, wages and salary costs of building management personnel, overhead and operation costs
of a management office, janiterial, Utilities, and professional services such as accounting and legal fees. Operating Expenses do not
include the cost of capital improvements, the cost of management office equipment and furnishings, depreciation on Landlord’s original
investment, the cost of tenant improvements, reel estate brokers’ fees, advertising of space for lease, or interest of depreciation
on capital investments.

 

5.    Roof
and Structural Maintenance Expenses. “Roof and Structural Maintenance Expenses” means all costs
of maintenance, repair and replacement of the roof, roof desk, flashings, skylights, foundation, floor slabs, structural compenents and
the structural soundness of the building in general.

 

6.    Utilities.
 “Utilities” means charges for electricity, cable, gas, Internel access, water, sewer, telephone, trash removal,
and any other services that are commonly understood to be utilities, including connection charges.

 

7.    Other
Terms. Other terms that are not expressly defined are intended to have the meanings given those terms in common usage.

 

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		C.	Expense Reimbursement Limitations.
                                            The amount of Tenant’s Expense Reimbursement will be determined by one of the following
                                            methods as described and defined below [check only one]:

 ̈ 
Base Year Adjustment;

 ̈ 
Expense Stop Adjustment;

 ̈ 
Pro Rata Adjustment;

x 
Fixed Amounts; or

 ̈  Net Lease.

 

		D.	Expense Reimbursement Limitation Definitions.

 

		1.	Base Year Adjustment. If “Base
                                            Year Adjustment” has been checked above, Tenant shall pay to Landlord as additional Rent Tenant's Pro
                                            Rata Share of increases in the applicable expenses (these checked in Section 1.09.A,
                                            above) for the Property for any calender year during the Term or during any Extension of
                                            this Lease, over such amounts paid by Landlord for the Base Year                          
                                            (the “Base Year”).

 

		2.	Expense Stop Adjustment. If
                                            “Expense Step Adjustment” has been checked above. Tenant shall pay to Landlord
                                            as additional Rent Tenant’s Pro Rata Share of increases in the applicable expenses
                                            (these checked in Section 1.09.A. above), for
                                            the Property for any calender year during the Term or during any Extension of this Lease,
                                            over $                           
                                            per square feet of floor area (as set forth in Section 1.04D) per year.

 

		3.	Pro Rata Adjustment.
                                            If “Pro Rata Adjustment” has been checked above, Tenant
                                            shall pay to Landlord as additional Rent Tenant’s Pre-Rata Share of the total amount
                                            of the applicable expenses (these checked in Section 1.09.A
                                            above) for every calender year during the Term and during any extension of this Lease.

 

		4.	Fixed Amounts. If “Fixed Amounts” has been checked above, Tenant shall pay to Landlord as additional Rent the following
monthly amounts (regardless of whether they have been checked in Section 1.09.A, above) as Tenant’s Expense Reimbursements
to Landlord for the following expenses that are incurred by or assessed against the Property:

 

	Real Estate Taxes	$	 	per month.
	Insurance Premiums	$	 	per month.
	CAM Expenses	$	 	per month.
	Operating Expenses	$	 	per month.
	Roof & Structural Maintenance Expenses	$	 	per month.
	Electricity	$	 	per month.
	Cable	$	 	per month.
	Gas	$	 	per month.
	Internet Access	$	 	per month.
	Water	$	 	per month.
	Sewer	$	 	per month.
	Telephone	$	 	per month.
	Trash Removal	$	 	per month.
	All Other Utilities	$	 	per month.

 

		5.	Net Lease. If
                                            “Net Lease” has been checked above, then notwithstanding anything contained in
                                            this Lease to the contrary in Section 6.02,
                                            Article Seven or otherwise, Tenant shall be
                                            responsible for paying Tenant’s Pro Rata Share of all costs of complience with laws,
                                            ownership, maintenance, repairs, replacements, operation of the Premises, and Operation of
                                            the Property, including but not limited to all costs of Real Estate Taxes, Insurance
                                            Premiums, Common Area Maintenance Expenses, Operating Expenses, Roof and Structural Maintenance
                                            Expenses, and all Utilities (regardless of whether they have been checked in Section 1.09.A.
                                            above).

 

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		E.	First Payment. The sum of the Monthly Base Rent for the first month of the Term for which Base Rent is due (which may
be later than the first month of the Term, if there is a free rent period), and the initial estimated monthly Expense Reimbursement payments
(before adjustments) is set forth below. Upon the execution of this Lease, in addition to the Security Deposit, Tenant shall pay the first
monthly payment in the sum of the amounts set forth below.

 

	Initial Monthly Base Rent	$	 	6,500.00
	Real Estate Taxes	$	 	 
	Insurance Premiums	$	 	 
	CAM Expenses	$	 	 
	Operating-Expenses	$	 	 
	Roof & Structural Maintenance Expenses	$	 	 
	Electricity	$	 	 
	Cable	$	 	 
	Gas	$	 	 
	Internet Access	$	 	 
	Water	$	 	 
	Sewer	$	 	 
	Telephone	$	 	 
	Trash Removal	$	 	 
	All Other Utilities	$	 	 
	Total	$	 	6,500.00

 

[Complete the amount of the first Base Rent payment to be due,
as well as estimated amounts of any other monthly payments that start at the beginning of the Term of this Lease. Put N/A or strike through
the rest. Any estimated amounts are subject to adjustment pursuant to other provisions of this Lease. If any expense payments are not
due at the beginning of the Term, they may begin later in the Term pursuant to other provisions of this Lease.]

 

		F.	Expense Reimbursement Payments. Tenant agrees to pay any end-of-year lump sum Expense Reimbursement within 30 days after receiving
an invoice from Landlord. Any time during the Term, Landlord may direct Tenant to pay monthly an estimated portion of the projected future
Expense Reimbursement amount. Any such payment directed by Landlord will be due and payable monthly on the same day that the Base Rent
is due. Landlord may, at Landlord’s option and to the extent allowed by applicable law, impose a Late Charge on any Expense Reimbursement
payments that are not actually received by Landlord on or before the due date, in the amount and manner set forth in Section 3.03
of this Lease. Any Expense Reimbursements relating to partial calendar years will be prorated accordingly. If Tenant’s Pro Rata
Share is not expressed in Section 1.04.E of this Lease, then Tenant’s Pro Rata Share of such Expense Reimbursements
will be based on the square footage of useable area contained in the Premises in proportion to the square footage of useable building
area of the Property. Tenant may audit or examine those items of expense in Landlord’s records that relate to Tenant’s obligations
under this Lease. Landlord shall promptly refund to Tenant any overpayment that is established by an audit or examination. If the audit
or examination reveals an error of more than 5% over the figures billed to Tenant, Landlord shall pay the reasonable cost of the audit
or examination.

 

		G.	 ̈ Cross
Up Provisions. [Check this only if applicable.] If the Property is a multi tenant building and is not fully
occupied during the Base Year or any portion of the Term, an adjustment will be made in computing the variable costs for the Base Year
and each applicable calendar year of the Term. Variable costs that are included in the CAM Expenses, Operating Expenses and Utilities
will be increased proportionately to the amounts that, in Landlord’s reasonable judgment, would have been incurred had 95% of the
useable area of the Property been occupied during these years.

 

COMMERCIAL LEASE AGREEMENT - Page 6

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		1.10	Permitted Use: 	General Office

	 	[See Section 6.01]

 

	1.11	Party to whom Tenant is to deliver payments under this Lease is the Landlord, unless one of the following boxes is
checked, in which case Tenant shall deliver payments to:  ̈ Principal Broker, or  ̈
Other [Set forth name and address, if other than Landlord or Principal Broker]:
	 	 
	 	 

 

	1.12	Principal Broker:                           
                                            J. Elmer Turner, Realtors Inc.                                    
                                            , is acting as the agent for Landlord exclusively, unless one of the following
                                            boxes is checked, in which case Principal Broker is acting as:  ̈
                                            the agent for Tenant exclusively, or  ̈
                                            and intermediary.
	 	 
	 	 

 

	 	Principal Broker’s Address: 	2626 Cole Avenue, Suite 606
	 	Dallas, Texas75204

	 	Telephone:	(214)954-1221
    	Fax:	(214)954-6410

	 	Email:	turner1898@gmail.com

 

		1.13	Cooperating Broker:                               Esrp
                                            Advisory Dallas, LLC                             
                                              is acting as the agent for Tenant exclusively, unless one of the following
                                            boxes is checked, in which case Cooperating Broker is acting as:  ̈the agent for Landlord exclusively, or  ̈
                                            on intermediary.

 

	 	Cooperating Broker’s Address: 	One Cowboys Way
                                            Suite 350

	 	Frisco, TX 75034

	 	Telephone:	(972)977-7200
    	Fax:	 

	 	Email:	jake.pavelka@esrp.com

 

		1.14	The Professional Service Fee (the “Fee”):

 

		A.	The percentages applicable in Section 15.01 and
                                            Section 15.02 to leases will be 4.500 % of the Base Rent to Principal
                                            Broker and               
                                            ,% of the Base Rent to Cooperating Broker, if the Fee is based on an amount per square
                                            feet, that amount is $                                    
                                            per square feet to Principal Broker and $                              
                                            per square feet to Cooperating Broker. The Fee will be paid in this manner
                                            described in Subsection 15.01A (half on execution and half on the Commencement Date),
                                            unless this box  ̈is checked, in which
                                            case the Fee will be paid in this manner described in Subsection 15.01B
                                            (monthly).

 

		B.	The percentages applicable in Section 15.03 in
                                            the event of a sale will be                 
                                            % to Principal Broker and                        
                                            % to Cooperating Broker.

 

		1.15	Disclosure of Dual Capacity as Broker and Principal. [Complete
if applicable]

 

A.                      n/a
                              
is a licensed Texas real estate broker and is acting in a dual capacity as broker for Landlord and as a principal in this transaction, as
he or she may be Landlord (or one of the owners of Landlord).

 

B.                      n/a
                               is a licensed Texas real estate broker and is acting in a dual capacity as broker for Tenant and as a principal in this transaction,
as he or she may be Tenant (or one of the owners of Tenant).

 

		1.16	Exhibits and Addenda. Any exhibit or addendum attached to this Lease (as Indicated by the boxes checked below) is incorporated
as a part of this Lease. Any term not specifically defined in an Addendum will have the same meaning given to it in the body of this Lease.

 

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	 	 ̈	Exhibit “A”	Survey and/or Legal Description of the Property	 
	 	 ̈ 	Exhibit “B”	Floor plan and/or Site Plan	 
	 	x	Exhibit “C”	Information About Brokerage Services	 
	 	 ̈ 	Exhibit “D”	Other	 	 

	 	x	Addendum “A”	Renewal Options	 
	 	 ̈ 	Addendum “B”	Construction of Improvements by Landlord	 
	 	 ̈ 	Addendum “C”	Construction of Improvements by Tenant	 
	 	 ̈ 	Addendum “D”	Percentage Rental and Gross Sales Reports	 
	 	 ̈ 	Addendum “E”	Right of First Refusal for Additional Space	 
	 	 ̈ 	Addendum “F”	Guaranty	 
	 	x	Addendum “G”	Rules and Regulations	 
	 	 ̈ 	Addendum “H”	Rooftop Lease	 
	 	 ̈ 	Addendum “I”	Parking	 
	 	x	Addendum “J”	Additional Provisions Addendum	 
	 	 ̈ 	Addendum “K”	Other	 	 

 

ARTICLE TWO

 

LEASE AND TERM

 

2.01        Lease
of Premises for Term. Landlord leases the Premises to Tenant and Tenant leases the Premises from Landlord for the Term stated in Section 1.05.
The Commencement Date is the date specified in Section 1.05, unless advanced or delayed under any provision of this Lease.

 

2.02        Delays
in Commencement. Landlord will not be liable to Tenant if Landlord does not deliver possession of the Premises to Tenant on the Commencement
Date specified in Section 1.05 above. Landlord’s non-delivery of possession of the Premises to Tenant on the Commencement
Date will hot affect this Lease or the obligations of Tenant under this Lease. However, the Commencement Date will be delayed until possession
of the Premises is delivered to Tenant. The Term will be extended for a period equal to the delay in delivery of possession of the Premises
to Tenant, plus the number of days necessary for the Term to expire on the last day of a month. If Landlord does not deliver possession
of the Premises to Tenant within 60 days after the Commencement Date specified in Section 1.05. Tenant may cancel this Lease
by giving a written notice to Landlord at any time after the 60-day period ends, but before Landlord actually delivers possession of the
Premises to Tenant. If Tenant gives such notice, this Lease will be canceled effective as of the date of its execution, any prepaid amounts
will be reimbursed to Tenant, and no party will have any rights or obligations under this Lease. If Tenant does not give such notice within
the time specified, Tenant will have no right to cancel this Lease, and the Term will commence upon the delivery of possession of the
Premises to Tenant. If delivery of possession of the Premises to Tenant is delayed, Landlord and Tenant shall, upon such delivery, execute
an amendment to this Lease setting forth the revised Commencement Date and Expiration Date of the Term.

 

2.03        Early
Occupancy. If Tenant occupies the Premises before the Commencement Date, Tenant’s occupancy of the Premises will be subject
to all of the provisions of this Lease. Early occupancy of the Premises will not advance the Expiration Date. Unless otherwise provided
in this Lease, Tenant shall pay Base Rent and all other charges specified in this Lease for the period of occupancy.

 

2.04        Holding
Over. Tenant shall vacate the Premises immediately upon the expiration of the Term or earlier termination of this Lease. Tenant shall
reimburse Landlord for and indemnify Landlord against all damages incurred by Landlord as a result of any delay by Tenant in vacating
the Premises. If Tenant does not vacate the Premises upon the expiration of the Term or earlier termination of this Lease, Tenant’s
occupancy of the Premises will be a day-to-day tenancy, subject to all of the terms of this Lease, except that the Base Rent during the
holdover period will be increased to an amount that is one-and-one-half (11⁄2) times the Base Rent in effect on the expiration or
termination of this Lease, computed on a daily basis for each day of the holdover period, plus all additional sums due under this Lease.
This Section will not be construed as Landlord’s consent for Tenant to hold over or to extend this Lease.

 

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ARTICLE THREE

 

RENT AND SECURITY DEPOSIT

 

3.01        Manner
of Payment. Tenant shall pay the Rent to Landlord at the address set forth in Section 1.02, unless another person is designated
in Section 1.11, or to any other party or address Landlord may designate in any written notice delivered to Tenant Landlord
may designate, in a written notice delivered to Tenant, the party authorized to receive Rent and act on behalf of Landlord to enforce
this Lease. Any such authorization will remain in effect until it is revoked by Landlord in a subsequent written notice delivered to Tenant.
Any payments made to a third party designated by Landlord will be deemed made to Landlord when received by the designated third party.
All sums payable by Tenant under this Lease, whether or not expressly denominated as Rent, will constitute rent for the purposes of Section 502(b)(6) of
the Bankruptcy Code and for all other purposes.

 

3.02        Time
of Payment. Upon execution of this Lease, Tenant shall pay the installment of Base Rent for the first month of the Term for which
Base Rent Is due (which may be later than the first month of the Term, if there is a free rent period). On or before the first day
of the next month and each month thereafter, the installment of Base Rent and other sums due under this Lease will be due and payable,
in advance, without off-set deduction or prior demand. Tenant shall cause payments to be properly mailed or otherwise delivered so as
to be actually received (and not merely deposited in the mail) by Landlord (or the party identified in Section 1.11, or any
other third party designated by Landlord) on or before the due date. If the Term commences or ends on a day other than the first or last
day of a calendar month, the rent for any partial calendar month following the Commencement Date or preceding the end of the Term will
be prorated. Tenant shall pay any such prorated portion for a partial calendar month at the beginning of the Term on the Commencement
Date. Tenant shall pay any such prorated portion for a partial calendar month at the end of the Term on the first day of that calendar
month.

 

3.03        Late
Charges. Tenant’s failure to promptly pay sums due under this Lease may cause Landlord to incur unanticipated costs. The exact
amount of those costs is impractical or extremely difficult to ascertain. The costs may include, but are not limited to, processing and
accounting charges and late charges that may be imposed on Landlord by any ground lease or deed of trust encumbering the Premises. Payments
due to Landlord under this Lease are not an extension of credit. Therefore, if any payment under this Lease is not actually received on
or before the due date (and not merely deposited in the mail), Landlord may, at Landlord’s option and to the extent allowed by applicable
law, impose a Late Charge on any late payments in an amount equal to 10% of the amount of the past due payment (the “Late Charge”)
after the payment is more than five days past due. A Late Charge may be Imposed only once on each past due payment. Any Late Charge will
be in addition to Landlord’s other remedies for nonpayment of Rent. If any check tendered by Tenant under this Lease is dishonored
for any reason, Tenant shall pay to Landlord a dishonored check foe of $30.00, plus (at Landlord’s option) a Late Charge as provided
above until Good Funds (defined below) are received by Landlord. The parties agree that any Late Charge and dishonored check fee represent
a fair and reasonable estimate of the costs Landlord will incur by reason of the late payment or dishonored check. If there are any Late
Charges, dishonored check fees, installments of Base Rent, arid any other unpaid charges or reimbursements due to Landlord, then Landlord
may apply any payments received from Tenant to any amounts due in any order Landlord may choose. Notwithstanding the foregoing, Landlord
will not impose a Late Charge as to the first late payment in any calendar year, unless Tenant fails to pay the late payment to Landlord
within three business days after the delivery of a written notice from Landlord to Tenant demanding the late payment be paid. However,
Landlord may impose a Late Charge without advance notice to Tenant on any subsequent late payment in the same calendar year.

 

3.04.       Security
Deposit. Upon execution of this Lease, in addition to the installment of Base Rent due under Section 3.02, and in addition
to any other amounts that are due from Tenant upon the execution of this Lease, Tenant shall deliver to Landlord a Security Deposit in
the amount stated in Section 1.08. Landlord may apply all or part of the Security Deposit to any unpaid Rent, and damages
and charges for which Tenant is legally liable under this Lease, and damages and charges that result from a breach of this Lease, including
but not limited to, the cost to cure Tenant’s failure to comply with Section 7.05 and any other provision that requires
Tenant to leave the Premises in a certain condition upon the expiration or termination of this Lease. If Landlord uses any part of the
Security Deposit, Tenant shall restore the Security Deposit to its full amount within 10 days after
Landlord’s written demand. Tenant’s failure to restore the full amount of the Security Deposit within the time specified will
be a default under this Lease. No interest will be paid on the Security Deposit Landlord will not be required to keep the Security Deposit
separate from its other accounts, and no trust relationship is created with respect to the Security Deposit. After the expiration of this
Lease, Landlord shall refund the unused portion of the Security Deposit, if any, to Tenant within 60 days after the date Tenant surrenders
possession of the Premises and provides a written notice to Landlord of Tenant’s forwarding address for the purpose of refunding
the Security Deposit. The provisions of this Section will survive the expiration or termination of this Lease.

 

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3.05        Good
Funds Payments. If any two or more payments by check from Tenant to Landlord for Rent are dishonored and returned unpaid, thereafter
Landlord may, at Landlord’s option, by the delivery of a written notice to Tenant, require that all future payments of Rent for
the remaining Term of this Lease must be made by cash, certified check, cashier’s check, official bank check, money order, wire
transfer or automatic electronic funds transfer (“Good Funds”), and that the delivery of Tenant’s personal
or corporate check will no longer constitute payment of Rent under this Lease. Any acceptance by Landlord of a payment for Rent by Tenant’s
personal or corporate check thereafter will not be construed as a waiver of Landlord’s right to insist upon payment by Good Funds
as set forth in this Section.

 

ARTICLE FOUR

 

TAXES

 

4.01        Payment
by Landlord. Landlord shall pay the real estate taxes on the Premises during the Term, subject to reimbursement by Tenant pursuant
to any other provision in this Lease.

 

4.02        Improvements
by Tenant. If the real estate taxes levied against the Premises for the year in which the Term commences are increased as a result
of any additions or improvements made by Tenant, or by Landlord at Tenant’s request, Tenant shall pay to Landlord upon demand the
amount of the increase and continue to pay the increase during the Term. Landlord shall use reasonable efforts to obtain from the tax
assessor a written statement of the amount of the increase due to such additions or improvements.

 

4.03        Joint
Assessment. If the real estate taxes are assessed against the Premises jointly with other property that is not part of the Premises,
the real estate taxes applicable to the Premises will be equal to the amount bearing the same proportion to the aggregate assessment that
the total square feet of building area in the Premises bears to the total square feet of building area included in the joint assessment.
If there are no improvements on the Property or the other property, then land area will be used instead of building area for the calculation
of the proportional assessment. If there are improvements on one of the jointly assessed properties but not on the other property, then
the calculation of the proportional assessment must be done in a reasonable manner.

 

4.04        Personal
Property Taxes. Tenant shall pay all taxes assessed against trade fixtures, furnishings, equipment, inventory, products, or any other
personal property belonging to Tenant. Tenant shall use reasonable efforts to have Tenant’s property taxed separately from the Premises.
If any of Tenant’s property is taxed with the Premises, Tenant shall pay the taxes for Tenant’s property to Landlord within
15 days after Tenant receives a written statement from Landlord for the property taxes.

 

4.05        Waiver
of Right to Protest Taxes. Unless otherwise provided in this Lease: (i) Landlord retains the right to protest the tax assessment
of the Property, and Tenant waives the right to protest; and (ii) Tenant waives Landlord’s obligation to provide Tenant with
a notice of the tax valuation of the Property.

 

ARTICLE FIVE

 

INSURANCE AND INDEMNITY

 

5.01            Property
Insurance. During the Term, Landlord shall maintain insurance policies covering damage to the Premises in an amount or percentage
of replacement value as Landlord deems reasonable in relation to the age, location, type of construction and physical condition of the
Premises and the availability of insurance at reasonable rates. The policies
will provide protection against risks and causes of loss that landlord reasonably deems necessary. Landlord may, at Landlord’s option,
obtain Insurance coverage for Tenant’s fixtures, equipment and Improvements in or on the Premises. Promptly after the receipt of
a written request from Tenant, Landlord shall provide a certificate of insurance showing the insurance coverage then in effect Tenant
shall, at Tenant’s expense, obtain and maintain insurance on Tenant’s fixtures, equipment and improvements in or on the Premises
as Tenant reasonably deems necessary to protect Tenant’s interest, Any property insurance carried by Landlord or Tenant will be
for the sole benefit of the party carrying the insurance and under its sole control.

 

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5.02            Increases
in Premiums. Tenant shall not conduct or permit any operation or activity, or store or use any materials, in or around the Premises
that would cause suspension or cancellation of any insurance policy carried by Landlord. If Tenant’s use or occupancy of the Premises
causes Landlord’s insurance premiums to increase, then Tenant shall pay to Landlord, as additional Rent, the amount of the increase
within 10 days after Landlord delivers written evidence of the increase to Tenant.

 

5.03            Liability
Insurance. During the Term, Tenant shall maintain a commercial general liability insurance policy, at Tenant’s expense,
insuring Tenant against liability arising out of the use or occupancy of the Premises, and naming Landlord as an additional insured.
The initial amounts of the insurance must be at least $1,000,000 or, If the following blank is completed
$                          for
Each Occurrence, $2,000,000 or, if the following blank is completed
$                          General
Aggregate per policy year, and $10,000 for Medical Expense. If Tenant’s liability Insurance coverage is less than $5,000,000,
and if this box  ̈
is checked, then Tenant must also maintain a commercial liability umbrella policy in amount to provide a combination of liability
insurance coverage to equal a $5,000,000 total limit. The coverage amounts will be subject to periodic increases as Landlord may
reasonably determine from time to time. The amounts of the insurance will not limit Tenant’s liability or relieve Tenant of
any obligation under this Lease. The policies must contain cross-liability endorsements and must insure Tenant’s performance
of the indemnity provisions of Section 5.04. The policies must contain a provision that prohibits cancellation or
modification of the policy except upon 30 days’ prior written notice to Landlord. Tenant shall deliver a copy of the policy or
certificate of insurance to Landlord before the Commencement Date and before the expiration of the policy during the Term. If Tenant
fails to maintain the policy, Landlord may elect to maintain the insurance at Tenant’s expense.

 

5.04            Indemnity. Landlord will not be liable to Tenant or to
Tenant’s employees, agents, invitees or visitors, or to any other person, for any injury to persons or damage to property on or
about the Premises or any adjacent area owned by Landlord caused by the negligence or misconduct of Tenant. Tenant’s employees,
subtenants, agents, licensees or concessionaires or any other person entering the Premises under express or implied invitation of Tenant,
or arising out of the use of the Premises by Tenant and the conduct of Tenant’s business, or arising out of any breach or default
by Tenant in the performance of Tenant’s obligations under this Lease. Tenant hereby agrees to defend, indemnify and hold Landlord
harmless from any loss, expense or claims arising out of such damage or injury. Tenant will not be liable for any injury or damage caused
by the negligence or misconduct of Landlord, or Landlord’s employees or agents, and Landlord agrees to indemnify and hold Tenant
harmless from any loss, expense or damage arising out of such damage or injury.

 

5.05            Waiver of Subrogation. Each party to this Lease waives
any and every claim that arises or may arise in its favor against the other party during the Term of this Lease for any and all loss of,
or damage to, any of its property located within or upon, or constituting a part of, the Premises, to the extent the loss or damage is
covered by and recoverable under valid and collectible insurance policies. These mutual waivers are in addition to, and not in limitation
or derogation of, any other waiver or release contained in this Lease with respect to any loss of, or damage to, property of the parties.
Inasmuch as these mutual waivers will preclude the assignment of any such claim by way of subrogation to an insurance company (or any
other person), each party agrees to immediately give to each insurance company that has issued an insurance policy to such party written
notice of the terms of such mutual waivers, and to cause the policies to be endorsed to prevent the invalidation of the insurance coverage
by reason of these waivers.

 

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ARTICLE SIX

 

USE OF PREMISES

 

6.01            Permitted
Use. Tenant may use the Premises only for the Permitted Use stated in Section 1.10. Tenant acknowledges that: (i) the
current use of the Premises or the improvements located on the Premises, or both, may not conform to city ordinances or restrictive covenants
with respect to the permitted use, zoning, height limitations, setback requirements, minimum parking requirements, coverage ratio of improvements
to land area, and other matters that may have a significant impact upon the Tenant’s intended use of the Premises; (ii) Tenant
has independently investigated and verified to Tenant’s satisfaction the extent of any limitations or non-conforming uses of the
Premises; and (iii) Tenant is not relying upon any representations of Landlord or the Brokers with respect to any such matters.

 

6.02            Compliance
with Laws. Tenant shall comply with all governmental laws, ordinances and regulations applicable to the use of the Premises, and will
promptly comply with all governmental orders and directives for the correction, prevention and abatement of nuisances and other activities
in or upon, or connected with the Premises, all at Tenant’s sole expense, including any expense or cost resulting from the construction
or installation of fixtures and improvements or other accommodations for handicapped or disabled persons required for compliance with
governmental laws and regulations, including but not limited to the Texas Architectural Barriers Act (the “TABA”) and
the Americans with Disabilities Act (the “ADA”). To the extent any alterations to the Premises are required by the
TABA, the ADA or other applicable laws or regulations, Tenant shall bear the expense of the alterations. To the extent any alterations
to areas of the Property outside the Premises are required by the TABA, the ADA or other applicable laws or regulations (for “path
of travel” requirements or otherwise), Landlord shall bear the expense of the alterations.

 

6.03            Certificate
of Occupancy. If required, Tenant shall apply for Certificate of Occupancy from the municipality in which the Property is located
before the Commencement Date, and obtain a Certificate of Occupancy before Tenant occupies the Premises. If Tenant is unable to obtain
a Certificate of Occupancy after making an application and diligently pursuing it, then Tenant may terminate this Lease by delivering
a written notice to Landlord, unless either Landlord or Tenant is willing and able to cure the defects that prevented the issuance of
the Certificate of Occupancy, Either Landlord or Tenant may cure any such defects, at their own expense, including any repairs, replacements,
or installations of any items that are not presently existing on the Premises, but neither of them have any obligation to do so (unless
another provision of this Lease states otherwise). If Tenant delivers a written termination notice to Landlord under this Section, and
then any defects are cured and a Certificate of Occupancy is issued within 15 days after Tenant delivered the notice, then this Lease
will remain in force. If this Lease is terminated because Landlord and Tenant cannot get a Certificate of Occupancy, then Landlord will
return to Tenant any prepaid rent and any Security Deposit, and the parties will have no further obligations under this Lease. References
in this Lease to a “Certificate of Occupancy” mean a Certificate of Occupancy sufficient to allow the Tenant to occupy
the Premises for the Permitted Use.

 

6.04            Signs.
Without the prior written consent of Landlord, Tenant may not place any signs, ornaments or other objects on the Premises or the Property,
including but not limited to the roof or exterior of the building or other improvements on the Property, or paint or otherwise decorate
or deface the exterior of the building or other improvements on the Property. Any signs installed by Tenant must conform to applicable
laws, deed restrictions, and other applicable requirements. Tenant must remove all signs, decorations and ornaments at the expiration
or termination of this Lease, and must repair any damage and close any holes caused by installation or removal.

 

6.05            Utility
Services. Unless otherwise provided in this Lease, Tenant shall pay the cost of all Utilities used for the Premises, and the cost
of replacing light bulbs and tubes. Unless otherwise required by law, Landlord is the party entitled to designate utility and telecommunication
service providers to the Property and the Premises. Landlord may, at Landlord’s option, allow Tenant to select the provider. If
Tenant selects the provider, any access or alterations to the Property or the Premises necessary for the Utilities may be made only with
Landlord’s prior consent, which Landlord will not unreasonably withhold or delay. If Landlord incurs any utility or connection charges
that Tenant is responsible to pay and Landlord pays the charges, Tenant
shall reimburse Landlord Immediately upon receipt of a written notice from Landlord stating the amount of the charges.

 

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6.06            Landlord’s
Access. Landlord and Landlord’s agents will have the right to, upon reasonable advance notice, and without unreasonably interfering
with Tenant’s business, enter the Premises: (a) to inspect the general condition and state of repair of the Premises, (b) to
make repairs required or permitted under this Lease, (c) to show the Premises or the Property to any prospective tenant or purchaser,
and (d) for any other reasonable purpose. If Tenant changes the locks on the Premises, Tenant must provide Landlord with a copy of
each separate key upon Landlord’s request. During the last 150 days of the Term, Landlord and Landlord’s agents may erect
signs on or about the Premises advertising the Premises for lease or for sale.

 

6.07            Possession.
If Tenant pays the Rent, properly maintains the Premises, and complies with all other terms of this Lease, Tenant may occupy and enjoy
the Premises for the full Term, subject to the provisions of this Lease.

 

6.08            Exemptions
from Liability. Landlord will not be liable for any damage to the business (including any loss of income), goods, inventory, furnishings,
fixtures, equipment, merchandise or other property of Tenant, Tenant’s employees, invitees or customers, or for any injury to Tenant
or Tenant’s employees, invitees, customers or any other person in or about the Premises, whether the damage or injury is caused
by or results from: (a) fire, steam, electricity, Water, gas or wind; (b) the breakage, leakage, obstruction or other defects
of pipes, sprinklers, wires, appliances, plumbing, air conditioning or lighting fixtures or any other cause; (c) conditions arising
on or about the Premises or other portions of the Property, or from other sources or places; or (d) any act or omission of any other
occupant of the Property. The provisions of this Section will not, however, exempt Landlord from liability for Landlord’s gross
negligence or willful misconduct.

 

ARTICLE SEVEN

 

PROPERTY CONDITION, MAINTENANCE, REPAIRS AND
ALTERATIONS

 

7.01            Property
Condition. Except as disclosed in writing by Landlord to Tenant before the execution of this Lease, to the best of Landlord’s
actual knowledge: (i) the Premises have no known latent structural or construction defects of a material nature; and (ii) none
of the improvements to the Premises have been constructed with materials known to be a potential health hazard to occupants of the Premises.
Unless otherwise expressly set forth in this Lease, Landlord represents that on the Commencement Date (and for a period of 30 days thereafter):
(a) the fixtures and equipment serving the Premises are in good operating condition, including the plumbing, electrical and lighting
systems, any fire protection sprinkler system, the HVAC (defined below) systems and equipment, the roof, skylights, doors, overhead doors,
windows, dock levelers and elevators; and (b) the interior of the Premises is in good condition. Tenant will have a period of 30
days after the Commencement Date to inspect the Premises and notify Landlord in writing of any defects and maintenance, repairs or replacements
required to the above named fixtures, equipment and interior. Within a reasonable period of time after the timely receipt of any such
written notice from Tenant, Landlord shall, at Landlord’s expense, correct the defects and perform the maintenance, repairs and
replacements.

 

7.02            Acceptance
of Premises. Tenant has inspected, or has had an opportunity to inspect, the Premises, before the execution of this Lease, Tenant
has determined that the Premises may be used for the Permitted Use. Subject to the provisions in Section 7.01, and any other
express obligations of Landlord in this Lease to construct any improvements, make repairs, or correct defects, Tenant agrees to accept
the Premises in “AS IS” condition and with all faults (other than latent defects). To the extent permitted by applicable
law, Tenant waives any implied warranties of Landlord as to the quality or condition of the Premises or the Property, or as to the fitness
or suitability of the Premises or the Property for any particular use.

 

7.03            Maintenance
and Repairs. Landlord will not be required to perform any maintenance or repairs, or management services, in the Premises, except
as otherwise provided in this Lease. Tenant will be fully responsible, at Tenant’s expense, for all maintenance and repairs, and
management services, other than those that are expressly set forth in this Lease as Landlord’s responsibility.

 

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A.            Landlord’s
Obligations.

 

(1) Subject to the provisions
of Article Eight (Damage or Destruction) and Article Nine (Condemnation) and except for damage caused by any
act or omission of Tenant, Landlord shall keep the roof, skylights, foundation, structural components and the structural portions of
exterior walls of the Premises in good order, condition and repair. Landlord will not be obligated to maintain or repair windows, doors,
overhead doors, plate glass or the surfaces of walls. In addition, Landlord will not be obligated to make any repairs under this Section until
a reasonable time after receipt of written notice from Tenant of the need for repairs. If any repairs are required to be made by Landlord,
Tenant shall, at Tenant’s sole cost and expense, promptly remove Tenant’s furnishings, fixtures, inventory, equipment and
other property, to the extent required to enable Landlord to make repairs. Landlord’s liability under this Section will be
limited to the cost of those repairs or corrections. Tenant waives the benefit of any present or future law that might give Tenant the
right to repair the Premises at Landlord’s expense or to terminate this Lease because of the condition.

 

(2) All repairs, maintenance,
management and other services to be performed by Landlord or Landlord’s agents involve the exercise of professional judgment by
service providers, and Tenant expressly waives any claims against Landlord for breach of warranty arising from the performance of those
services.

 

B.            Tenant’s
Obligations. Subject to the provisions of Section 7.01, Section 7.03A, Article Eight (Damage or
Destruction) and Article Nine (Condemnation), Tenant shall, at all times, keep all other portions of the Premises in good
order, condition and repair (except for normal wear and tear), including, but not limited to, maintenance, repairs and all necessary replacements
of the windows, plate glass, doors, overhead doors, HVAC equipment, electrical and lighting systems, fire protection sprinkler system,
dock levelers, elevators, interior and exterior plumbing, the interior and exterior of the Premises in general, pest control and extermination,
down spouts, gutters, paving, railroad siding, care of landscaping and regular mowing of grass. In addition, Tenant shall, at Tenant’s
expense, repair any damage to any portion of the Property, including the roof, skylights, foundation, or structural components and exterior
walls of the Premises, caused by Tenant’s acts or omissions. If Tenant fails to maintain and repair the Property as required by
this Section, Landlord may, on 10 days’ prior written notice, enter the Premises and perform the maintenance or repair on behalf
of Tenant, except that no notice is required in case of emergency, and Tenant shall reimburse Landlord immediately upon demand for all
costs incurred in performing the maintenance or repair, plus a reasonable service charge.

 

C.            HVAC
Service. This Section pertains to the heating, ventilation and air-conditioning (“HVAC”) systems and equipment
that service the Premises, [Check one box only.]

 

		 ̈	(1) Landlord
is obligated to provide the HVAC services to the Premises only during the operating hours of the Property (as described below).

 

		 ̈	(2) Landlord
                                            will provide the HVAC services to the Premises during the operating hours of the Property
                                            (as described below) for no additional charge and will, at Tenant’s request, provide
                                            HVAC services to the Premises during other hours for an additional charge of $                          
                                             per hour. Tenant will pay Landlord the charges under this paragraph promptly after receipt
                                            of Landlord’s invoice. Hourly charges are charged on a half-hour basis. Any partial
                                            hour will be rounded up to the next half hour. Tenant will comply with Landlord’s procedures
                                            to make a request to provide the additional HVAC services in advance.

 

		x	(3) Tenant
will pay for the HVAC services under this Lease. For any HVAC system that services only the Premises, Tenant shall, at Tenant’s
own cost and expense, enter into a regularly scheduled preventative maintenance and service contract for all such HVAC systems and equipment
during the Term. If Tenant fails to enter into such a service contract acceptable to Landlord, Landlord may do so on Tenant’s behalf
and Tenant agrees to pay Landlord the cost and expense thereof, plus a reasonable service charge, periodically upon demand.

 

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D. Operating Hours of the Property. The operating
hours of the Property are the times reasonably determined by Landlord unless they are specified here, [specify the operating hours
of the Property including the days of the week, and whether Saturdays, Sundays and holidays are included]: 

	no restrictions on
    operating hours	 

 

 

E.
Cleaning. Tenant must keep the Premises clean and sanitary and promptly dispose of all trash in appropriate receptacles. Tenant will
provide, at Tenant’s expense, janitorial services to the Premises, unless this box  ̈
is checked, in which case Landlord will provide janitorial services to the Premises
that are customary for the property type. Tenant will maintain, at Tenant’s expense, any grease trap on the Property that Tenant
uses, including but not limited to periodic emplying and cleaning, as well as making any modification to the grease trap that may be necessary
to comply with any applicable law.

 

7.04            Alterations,
Additions and improvements. Tenant may not create any openings in the roof or exterior walls without the prior written consent of
Landlord. Tenant may not make any alterations, additions or improvements to the Premises (“Alterations”) without the
prior written consent of Landlord. However, Tenant is not required to obtain the Landlord’s prior written consent for non-structural
Alterations that do not cost more than $5,000 and that do not modify or affect the roof, plumbing, HVAC systems or electrical systems.
Consent for non-structural Alterations in excess of $5,000 or that modify or affect plumbing, HVAC systems or electrical systems will
not be unreasonably withheld, conditioned or delayed by Landlord. Tenant may erect or install trade fixtures, shelves, bins, machinery,
HVAC systems, and refrigeration equipment, provided that Tenant complies with all applicable governmental laws, ordinances, codes, and
regulations. At the expiration or termination of this Lease, Tenant may, subject to the restrictions of Section 7.05, remove
items installed by Tenant, provided Tenant is not in default at the time of the removal and Tenant repairs, in a good and workmanlike
manner, any damage caused by the installation or removal Tenant shall pay for all costs incurred or arising out of Alterations and will
not permit any mechanic’s or materialman’s lien to be filed against the Premises or the Property. Upon request by Landlord,
Tenant shall deliver to Landlord proof of payment, reasonably satisfactory to Landlord, of all costs incurred in connection with any Alterations.

 

7.05            Condition
upon Termination. Upon the expiration or termination of this Lease, Tenant shall surrender the Premises to Landlord broom clean and
in the same condition as received, except for normal wear and tear and any damage caused by a casualty that Tenant is not otherwise obligated
to repair under any provision of this Lease. Tenant will not be obligated to repair any damage that Landlord is required to repair under
Article Seven (Property Condition) or Article Eight (Damage or Destruction). In addition, Landlord may require
Tenant to remove any Alterations before the expiration or termination of this Lease and to restore the Premises to their prior condition,
all at Tenant’s expense. However, Tenant will not be required to remove any Alterations that were made with Landlord’s consent
or that were otherwise permitted under the terms of this Lease, All Alterations that Tenant does not remove will become Landlord’s
property upon the expiration or termination of this Lease. In no event may Tenant remove any of the following items without Landlord’s
prior written consent: (i) electrical wiring or power panels; (ii) lighting or lighting fixtures; (iii) wall coverings,
drapes, blinds or other window coverings; (iv) carpets or other floor coverings; (v) HVAC equipment; (vi) plumbing equipment;
(vii) fencing or gates; or (viii) any fixtures, equipment or other items that, if removed, would affect the operation or the
appearance of the Property. However, Tenant may remove Tenant’s trade fixtures, equipment used in Tenant’s business, and personal
property. The provisions of this Section will survive the expiration or termination of this Lease.

 

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ARTICLE EIGHT

 

DAMAGE OR DESTRUCTION

 

8.01            Notice.
If any buildings or other improvements situated on the Property are damaged or destroyed by fire, flood, windstorm, tornado or other casualty,
Tenant shall immediately give written notice of the damage or destruction to Landlord.

 

8.02          Partial
Damage. If the Premises are damaged by fire, tornado or other casualty, and rebuilding and repairs can be completed within 120 days
after the date Landlord receives written notification from Tenant of the occurrence of the damage, then this Lease will not terminate,
but Landlord shall proceed with reasonable diligence to rebuild and repair the Premises (other than leasehold improvements made by Tenant
or any assignee, subtenant or other occupant of the Premises) to substantially the condition they were in before the damage. To the extent
the Premises cannot be occupied (in whole or in part) after the casualty, the Rent payable under this Lease during the period the Premises
cannot be fully occupied will be adjusted equitably.

 

If the casualty occurs during the last 18 months of the Term, Landlord
will not be required to rebuild or repair the damage unless Tenant exercises Tenants renewal option (if any) within 15 days after the
date Landlord receives written notification of the occurrence of the damage. If the casualty occurs during the last 18 months of the Term
and Tenant does not so exercise Tenant’s renewal option, or if there is ho renewal option in this Lease, Landlord may, at Landlord’s
option, terminate this Lease by delivering a written termination notice to Tenant, in which case the Rent will be abated for the unexpired
portion of the Term, effective on the date Landlord received written notification of the damage.

 

8.03            Substantial
or Total Destruction. If the Premises are substantially or totally destroyed by fire, tornado, or other casualty, or so damaged that
rebuilding and repairs cannot reasonably be completed within 120 days after the date Landlord receives written notification from Tenant
of the occurrence of the damage, either Landlord or Tenant may terminate this Lease by promptly delivering a written termination notice
to the other party, in which event the monthly installments of Rent will be abated for the unexpired portion of the Term, effective on
the date of the damage or destruction. If neither party promptly terminates this Lease, Landlord shall proceed with reasonable diligence
to rebuild and repair the Premises (except that Tenant shall rebuild and repair Tenant’s fixtures and improvements in the Premises).
To the extent the Premises cannot be occupied (in whole or in part) after the casualty, the Rent payable under this Lease during the period
the Premises cannot be fully occupied will be adjusted equitably.

 

ARTICLE NINE

 

CONDEMNATION

 

If, during the Term, all or a substantial part of the Premises are
taken for any public or quasi-public use under any governmental law, ordinance or regulation or by right of eminent domain, or are conveyed
to the condemning authority under threat of condemnation, this Lease will terminate and the monthly installments of Rent will be abated
during the unexpired portion of the Term, effective on the date of the taking. If less than a substantial part of the Premises is taken
for public or quasi-public use under any governmental law, ordinance or regulation, or by right of eminent domain, or is conveyed to the
condemning authority under threat of condemnation, Landlord shall promptly, at Landlord’s expense, restore and reconstruct the Premises
(other than leasehold improvements made by Tenant or any assignee, subtenant or other occupant of the Premises) in order to make the Premises
reasonably suitable for the Permitted Use. The Rent payable under this Lease during the unexpired portion of the Term will be adjusted
equitably. If there is a taking of the Property that has a material, adverse effect on the operation of Tenant’s business in the
Premises, then the Rent will be adjusted equitably. Landlord and Tenant will each be entitled to receive and retain such separate awards
and portions of lump sum awards as may be allocated to their respective interests in any condemnation proceeding. The termination of this
Lease will not affect the rights of the parties to those awards.

 

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ARTICLE TEN

 

ASSIGNMENT AND SUBLETTING

 

Tenant may not assign this Lease or sublet the Premises or any portion
thereof, without the prior written consent of Landlord, which consent will not be unreasonably withheld or delayed. Any assignment or
subletting will be expressly subject to all terms and provisions of this Lease, including the provisions of Section 6.01 pertaining
to the use of the Premises. In the event of any assignment or subletting, Tenant will remain fully liable for the full performance of
all of Tenant’s obligations under this Lease. Tenant may not assign Tenant’s rights under this Lease or sublet the Premises
without first obtaining a written agreement from the assignee or sublessee whereby the assignee or sublessee agrees to assume the obligations
of Tenant under this Lease and to be bound by the terms of this Lease. If a Default occurs while the Premises is assigned or sublet, Landlord
may, at Landlord’s option, in addition to any other remedies provided in this Lease or by law, collect directly from the assignee
or subtenant all rents becoming due under the terms of the assignment or subletting and apply the rents against any sums due to Landlord
under this Lease. No direct collection by Landlord from any assignee or subtenant will release Tenant from Tenant’s obligations
under this Lease.

 

ARTICLE ELEVEN

 

DEFAULT AND REMEDIES

 

11.01            Default.
Each of the following events is a default under this Lease (a “Default”):

 

		A.	Failure of Tenant to pay any installment of the Rent or other sum payable to Landlord under this Lease on the date that it is due,
and the continuance of that failure for a period of five days after Landlord delivers written notice of the failure to Tenant. This clause
will not be Construed to permit or allow a delay in paying Rent beyond the due date and will not affect Landlord’s right to impose
a Late Charge as permitted in Section 3.03;

 

		B.	Failure of Tenant to comply with any term, condition or covenant of this Lease, other than the payment of Rent or other sum of money,
and the continuance of that failure for a period of 30 days after Landlord delivers written notice of the failure to Tenant;

 

		C.	Failure of Tenant or any guarantor of Tenant’s obligations under this Lease to pay its debts as they become due or an admission
in writing of inability to pay its debts, or the making of a general assignment for the benefit of creditors;

 

		D.	The commencement by Tenant or any guarantor of Tenant’s obligations under this Lease of any case, proceeding or other action
seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition of it or its debts under any law relating to
bankruptcy, insolvency, reorganization or relief of debtors, or seeking appointment of a receiver, trustee, custodian or other similar
official for it or for all or any substantial part of its property;

 

		E.	The commencement of any case, proceeding or other action against Tenant or any guarantor of Tenant’s obligations under this Lease seeking
to have an order for relief entered against it as debtor, or seeking reorganization, arrangement, adjustment, liquidation, dissolution
or composition of it or its debts under any law relating to bankruptcy, insolvency, reorganization or relief of debtors, or seeking appointment
of a receiver, trustee, custodian or other similar official for it or for all or any substantial part of its property, and Tenant or any
guarantor: (i) falls to obtain a dismissal of such case, proceeding, or other action within 60 days of its commencement; or (ii) converts
the case from one chapter of the Federal Bankruptcy Code to another chapter; or (iii) is the subject of an order of relief that is
not fully stayed within seven business days after the entry thereof; and

 

		F.	Vacancy or abandonment by Tenant of any substantial portion of the Premises or cessation of the use of the Premises for the purpose
leased, and the continuance of that vacancy, abandonment or cessation for a period of 30 days after Landlord
delivers a written notice to Tenant.

 

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11.02            Remedies.
Upon the occurrence of any Default listed in Section 11.01, Landlord may pursue any one or more of the following remedies
without any prior notice or demand.

 

		A.	Landlord may terminate this Lease, in which event Tenant shall immediately surrender the Premises to Landlord. If Tenant fails to
surrender the Premises, Landlord may, without prejudice to any other remedy that Landlord may have for possession of the Premises or Rent
in arrears, enter upon and take possession of the Premises and expel Tenant and any other person who may be occupying the Premises or
any part thereof, without being liable for any claim for damages due to the termination of this Lease or termination of possession. Tenant
shall pay to Landlord on demand the amount of all Rent and loss and damage Landlord may suffer by reason of the termination or inability
to relet the Premises up to the date of termination, in addition to any other liabilities that survive the termination of this Lease.

 

		B.	Landlord may enter upon and take possession of the Premises, without terminating this Lease and without being liable for any claim
for damages due to termination of possession, and expel Tenant and any other person who may be occupying the Premises or any part thereof.
Landlord may relet the Premises and receive rent from the new occupant. Tenant agrees to pay to Landlord monthly, or on demand from time
to time, any deficiency that may arise by reason of any such reletting. In determining the amount of the deficiency, professional service
fees, reasonable attorneys’ fees, court costs, remodeling expenses and other costs of reletting will be subtracted from the amount
of rent received from the new occupant.

 

		C.	Landlord may enter upon the Premises, without terminating this Lease and without being liable for any claim for damages due to such
entry, and do whatever Tenant is obligated to do under the terms of this Lease. Tenant agrees to pay Landlord on demand for expenses that
Landlord incurs in performing Tenant’s obligations under this Lease, together with interest thereon at the rate of 12% per annum
from the date spent until paid.

 

		D.	Landlord may sue Tenant for damages for breach of this Lease after Tenant’s Default and abandonment of the Premises, or after
Landlord terminates Tenant’s possession and Tenant vacates the Premises, in which case the measure of damages is the sum of: (i) the
unpaid Rent up to the date of the abandonment or vacancy, plus (ii) the difference between the Rent for the remainder of the Term
after abandonment or vacancy, and the fair market rental value of this Lease for the remainder of the Term after abandonment or vacancy,
such difference to be discounted to present value at a rate equal to the rate of interest that is allowed by law in the State of Texas
when the parties to a contract have not agreed on any particular rate of interest (or, in the absence of such law, at the rate of 6% per
annum). Neither the enforcement or collection by Landlord of those amounts nor the payment by Tenant of those amounts will constitute
a waiver by Landlord of any breach, existing or in the future, of any of the terms or provisions of this Lease by Tenant or a waiver of
any rights or remedies that the Landlord may have with respect to any breach.

 

		E.	In addition to the foregoing remedies, Landlord may change or modify the locks on the Premises if Tenant fails to pay the Rent when
due, Landlord will not be obligated to provide another key to Tenant or allow Tenant to regain entry to the Premises unless and until
Tenant pays Landlord all Rent that is delinquent. Tenant agrees that Landlord will not be liable for any damages resulting to the Tenant
from the lockout. When Landlord changes or modifies the locks, Landlord or Landlord’s agent shall post a written notice in accordance
with Section 93,002of the Texas Property Code, or its successor statute. Tenant may be subject to legal liability if Tenant
or Tenants representative tampers with any lock after the locks have been changed or modified.

 

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		F.	No re-entry or taking possession of the Premises by Landlord will be construed as an election to
                                                                      terminate this Lease, unless a written notice of that intention is given to Tenant Notwithstanding any re-entry, taking possession
                                                                      or reletting. Landlord may, at any time thereafter, elect to terminate this Lease for a previous
Default, Pursuit of any of the foregoing remedies will not preclude pursuit of any other remedies provided by law, nor will pursuit of
any remedy provided in this Lease constitute a forfeiture or waiver of any Rent due to Landlord under this Lease or of any damages accruing
to Landlord by reason of the violation of any of the provisions in this Lease. Failure of Landlord to declare any Default immediately
upon its occurrence, or failure to enforce one or more of Landlord’s remedies, or forbearance by Landlord to enforce one or more
of Landlord’s remedies upon a Default, will not be deemed to constitute a waiver of any of Landlord’s remedies for any Default.
Pursuit of any one of the remedies will not preclude pursuit by Landlord of any of the other remedies provided in this Lease. The loss
or damage that Landlord may suffer by reason of a Default by Tenant under this Lease, or the deficiency from any reletting, will include
the expense of taking possession and any repairs performed by Landlord after a Default by Tenant. If Landlord terminates this Lease at
any time for any Default in addition to other Landlord’s remedies, Landlord may recover from Tenant all damages Landlord may incur
by reason of the Default, including the cost of recovering the Premises and the Rent then remaining unpaid.

 

		G.	Nothing in this Lease will be construed as imposing any duty upon Landlord to relet the Premises. Landlord will have no duty to mitigate
Landlord’s damages except as required by applicable law. Any duty imposed by law on Landlord to mitigate damages after a Default
by Tenant will be satisfied if Landlord undertakes to lease the Premises to another tenant (a “Substitute Tenant”)
in accordance with the following criteria:

 

(1) Landlord will have
no obligation to solicit or entertain negotiations with any other prospective tenant for the Premises until Landlord obtains full possession
of the Premises including, without limitation, the final and unappealable legal right to relet the Premises free of any claim of Tenant;

 

(2) Landlord will not
be obligated to lease or show the Premises on a priority basis, or offer the Premises to a prospective tenant when other space in the
Property suitable for the prospective tenant’s use is (or soon will be) available;

 

(3) Landlord will not
be obligated to lease the Premises to a Substitute Tenant for an amount less than the current fair market rent then prevailing for similar
uses in comparable buildings in the same market area as the Property, nor will Landlord be obligated to enter into a new lease under
other terms arid conditions that are unacceptable to Landlord under Landlord’s then current leasing policies for comparable space
in the Property;

 

(4) Landlord will not
be obligated to enter into a lease with a Substitute Tenant whose use would:

 

(i)   violate any restriction, covenant,
or requirement contained in the lease of another tenant of the Property;

 

(ii)   adversely affect the reputation
of the Property; or

 

(iii)   be incompatible with other
uses of the Property.

 

(5)            Landlord
will not be obligated to enter into a lease with a Substitute Tenant that does not have, in Landlord’s reasonable opinion, sufficient
financial resources to pay the Rent under the new lease and operate the Premises In a first class manner; and

 

(6)            Landlord
will not be required to spend any amount of money to alter, remodel, or otherwise make the Premises suitable for use by a proposed Substitute
Tenant unless;

 

(i)   Tenant
pays any such sum to Landlord in advance of Landlord’s execution of a lease with the Substitute Tenant (which payment will not be
In lieu of any damages or other sums to which Landlord may be entitled as a result of Tenants Default under this Lease); or

 

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(ii)   Landlord,
in Landlord’s reasonable discretion, determines that any such expenditure is financially justified in connection with entering into
a lease with the Substitute Tenant.

 

		H.	No right or remedy of Landlord is intended to be exclusive of any other right or remedy, and each and every right and remedy will
be cumulative and in addition to any other right or remedy now or hereafter existing under this Lease, at law, in equity or by statute.
Landlord will not be liable for any damages resulting to Tenant from any right or remedy exercised by Landlord, regardless of the cause,
even If it is caused by the sole, joint or concurrent negligence of Landlord.

 

11.03            Notice
of Default. Tenant shall give written notice of any failure by Landlord to perform any of Landlord’s obligations under this
Lease to Landlord and to any ground lessor, mortgagee or beneficiary under any deed of trust encumbering the Premises whose name and address
have been furnished to Tenant in writing. Landlord will not be in default under this Lease unless Landlord (or the ground lessor, mortgagee
or beneficiary) fails to cure the nonperformance within 30 days after receipt of Tenant’s notice. However, if the nonperformance
reasonably requires more than 30 days to cure, Landlord will not be in default if the cure is commenced within the 30-day period and is
thereafter diligently pursued to completion.

 

11.04            Limitation
of Landlord’s Liability. As used in this Lease, the term “Landlord” means only the current owner or owners
of the fee title to the Premises, or the leasehold estate under a ground lease of the Premises, at the time in question. Each Landlord
is obligated to perform the obligations of Landlord under this Lease only during the time such Landlord owns such title or estate. Any
Landlord who transfers its title, estate or other interest is relieved of all liability with respect to the obligations of Landlord under
this Lease accruing on or after the date of the transfer, and Tenant agrees to recognize the transferee as Landlord under this Lease.
However, each Landlord shall deliver to its transferee the Security Deposit held by Landlord, to the extent the Security Deposit has not
then been applied under the terms of this Lease.

 

ARTICLE TWELVE

 

LANDLORD’S CONTRACTUAL LIEN

 

In addition to the statutory
Landlord’s lien, Tenant hereby grants to Landlord a security interest to secure payment of all Rent and other sums of money
becoming due under this Lease from Tenant, upon all inventory, goods, wares, equipment, fixtures, furniture and all other personal
property of Tenant situated in or on the Premises, together with the proceeds from the sale thereof. Tenant may not remove such
property without the consent of Landlord until all Rent in arrears and other sums then due to Landlord under this Lease have been
paid. Upon the occurrence of a Default, Landlord may, in addition to any other remedies provided in this Lease or by law, enter upon
the Premises and take possession of any and all goods, wares, equipment, fixtures, furniture and other personal property of Tenant
situated in or on the Premises without liability for trespass or conversion, and sell the property at public or private sales, with
or without having the property at the sale, after giving Tenant reasonable notice of the time and place of any such sale. Unless
otherwise required by law, notice to Tenant of the sale will be deemed sufficient if given in the manner prescribed in this Lease at
least 10 days before the time of the sale. Any public sale made under this Article will be deemed to have been conducted in a
commercially reasonable manner if held on the Premises or where the property is located, after the time, place and method of sale
and a general description of the types of property to be sold have been advertised in a daily newspaper published in the county
where the Premises is located for five consecutive days before the date of the sale. Landlord or its assigns may purchase at a
public sale and, unless prohibited by law, at a private sale. The proceeds from any disposition pursuant to this Article, less any
and all expenses connected with the taking of possession, holding and selling of the property (including reasonable attorneys’
fees and expenses), will be applied as a credit against the indebtedness secured by the security interest granted in this Article.
Any surplus will be paid to Tenant or as otherwise required by law, and Tenant shall promptly pay any deficiencies. Landlord is
authorized to file a financing statement to perfect the security interest of Landlord in the aforementioned property and proceeds
thereof under the provisions of the Texas Business and Commerce Code in effect in the State of Texas. Provided Tenant is not in
default under any of the terms of this Lease, upon written request by Tenant, Landlord shall
deliver a written subordination of Landlord’s statutory and contractual liens to any liens and security interests securing any institutional
third party financing of Tenant Landlord shall not unreasonably withhold or delay the delivery of Landlord’s written subordination.

 

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ARTICLE THIRTEEN

 

PROTECTION OF LENDERS

 

13.01      Subordination
and Attornment. Landlord may subordinate this Lease to any future ground Lease, deed of trust or mortgage encumbering the Premises,
and advances made on the security thereof  and any renewals, modifications, consolidations, replacements or extensions thereof,
whenever made or recorded. Landlord’s right to subordinate is subject to Landlord providing Tenant with a written Subordination,
Non-disturbance and Attornment Agreement from the ground lessor, beneficiary or mortgagee wherein Tenant’s right to peaceable possession
of the Premises during the Term will not be disturbed if Tenant pays the Rent and performs all of Tenant’s obligations under this
Lease and is not otherwise in default, in which case Tenant shall attorn to the transferee of or successor to Landlord’s interest
in the Premises and recognize the transferee or successor as Landlord under this Lease. Tenant’s rights under this Lease are subordinate
to any existing ground lease, deed of trust or mortgage encumbering the Premises. However, if any ground lessor, beneficiary or mortgagee
elects to have this Lease be superior to its ground lease, deed of trust or mortgage and gives Tenant written notice thereof, then this
Lease will be deemed superior to the ground lease, deed of trust or mortgage whether this Lease is dated prior or subsequent to the date
of the ground lease, deed of trust or mortgage or the date of recording thereof.

 

13.02      Signing
of Documents. Tenant shall sign and deliver any document that may be requested to evidence any attornment or subordination, or any
agreement to attorn or subordinate, as long as the document is consistent with the provisions of Section 13.01. If Tenant
fails to do so within 10 days after a written request, Tenant hereby irrevocably appoints Landlord as Tenant’s attorney-in-fact
to execute and deliver the attornment or subordination document.

 

13.03      Estoppel
Certificates.

 

		A.	Upon Landlord’s written request, Tenant shall execute
                                            and deliver to Landlord a written statement (an “Estoppel Certificate”)
                                            certifying:

 

(1) whether Tenant is an assignee or subtenant;

(2) the Expiration Date of this Lease;

(3) the number of renewal options under this Lease, if
any, and the total period of time covered by the renewal options,

(4) that none of the terms or provisions of this Lease
have been changed since the original execution of this Lease, except as shown on any attached amendments or modifications;

(5) that no default exists under the terms of this Lease
by either Landlord or Tenant;

(6) that Tenant has no claim against Landlord under this
Lease and has no defense or right of offset against collection of Rent or other charges accruing under this Lease;

(7) the amount and payment date of the last payment of
Rent, the period of time covered by that payment, and the amount of any rental payments made in advance;

(8) the amount of any Security Deposit and other deposits,
if any; and

(9) the Identity and address of any guarantor of this
Lease.

Tenant shall deliver the statement to Landlord within 10
days after Landlord’s request. Landlord may forward any such statement to any prospective purchaser or lender of the Premises. The
purchaser or lender may rely conclusively upon the statement as true and correct.

 

		B.	If Tenant does not deliver the Estoppel Certificate to Landlord within the 10-day period, Landlord, and any prospective purchaser
or lender, may conclusively presume and rely upon the following facts: (1) that the terms and provisions of this Lease have hot been
changed except as otherwise represented by Landlord; (2) that
this Lease has not been terminated except as otherwise represented by Landlord; (3) that not more than one monthly installment of
Base Rent and other charges have been paid in advance; (4) there are no claims against Landlord nor any defenses or rights of offset
against collection of Rent; and (5) that Landlord is not in default under this Lease. In such event, Tenant will be estopped from
denying the truth of the presumed facts.

 

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		C.	Also, if Tenant does not deliver
                                            the Estoppel Certificate to Landlord within the 10-day period, Landlord may deliver a written
                                            notice to Tenant stating that Tenant must deliver an Estoppel Certificate under this Section within
                                            five days after Tenant receives the notice. If Tenant does not deliver an Estoppel Certificate
                                            to Landlord within five days after Tenant receives the notice, then Tenant’s failure
                                            to deliver an Estoppel Certificate will constitute a Default under this Lease, notwithstanding
                                            any longer period of time under Section 11.01 that Tenant would otherwise be
                                            allowed to cure a failure before the failure would become a Default.

 

13.04     Tenant’s
Financial Condition. Within 10 days after a written request from Landlord, but not more than two times in any calendar year, Tenant
shall deliver to Landlord financial statements as are reasonably required by Landlord to verify the net worth of Tenant, or any assignee,
subtenant, or guarantor of Tenant. In addition, Tenant shall deliver to any lender designated by Landlord any financial statements required
by the lender to facilitate the financing or refinancing of the Premises. Tenant represents to Landlord that each financial statement
is a true, complete, and accurate statement as of the date of the statement. All financial statements will be confidential and will be
used only for the purposes set forth in this Lease.

 

ARTICLE FOURTEEN

 

ENVIRONMENTAL REPRESENTATIONS AND INDEMNITY

 

14.01     Tenant’s
Compliance with Environmental Laws. Tenant, at Tenant’s expense, shall comply with all laws, rules, orders, ordinances, directions,
regulations and requirements of Federal, State, county and municipal authorities pertaining to Tenant’s use of the Property and
with the recorded covenants, conditions and restrictions, regardless of when they become effective, including, without limitation, all
applicable Federal, State and local laws, regulations or ordinances pertaining to air and water quality, Hazardous Materials (as defined
in Section 14.05). waste disposal, air emissions and other environmental matters, all zoning arid other land use matters,
and with any direction of any public officer or officers, pursuant to law, which impose any duty upon Landlord or Tenant with respect
to the use or occupancy of the Property.

 

14.02     Tenant’s
Indemnification. Tenant shall not cause or permit any Hazardous Materials to be brought upon, kept or used in or about the Property
by Tenant, or Tenant’s agents, employees, contractors or invitees without the prior written consent of Landlord. If the presence
of Hazardous Materials on the Property caused or permitted by Tenant results in contamination of the Property or any other property, or
if contamination of the Property or any other property by Hazardous Materials otherwise occurs for which Tenant is legally liable to Landlord
for damage resulting therefrom, then Tenant shall indemnify, defend and hold Landlord harmless from any and all claims, judgments, damages,
penalties, fines, costs, liabilities or losses (including, without limitation, diminution in value of the Property, damages for the loss
or restriction on use of rentable or unusable space or of any amenity or appurtenance of the Property, damages arising from any adverse
impact on marketing of building space or land area, sums paid in settlement of claims, reasonable attorneys’ fees, court costs,
consultant fees and expert fees) that arise during or after the Term as a result of the contamination. This indemnification of Landlord
by Tenant includes, without limitation, costs incurred in connection with any investigation of site conditions or any clean-up, remedial
work, removal or restoration work required by any Federal, State or local government agency because of Hazardous Materials present in
the soil or ground water on or under the Property. Without limiting the foregoing, if the presence of any Hazardous Materials on the Property
(or any other property) caused or permitted by Tenant results in any contamination of the Property, Tenant shall promptly take all actions
at Tenant’s sole expense as are necessary to return the Property to the condition existing prior to the introduction of any such
Hazardous Materials, provided that Landlord’s approval of such actions is first obtained.

 

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14.03      Landlord’s
Representations. Landlord represents, to the best of Landlord’s actual knowledge, that: (i) any handling, transportation,
storage, treatment or usage of Hazardous Materials that has occurred on the Property to date has been in compliance with all applicable
Federal, State, and local laws, regulations and ordinances; and (ii) no leak, spill, release, discharge, emission or disposal of Hazardous
Materials has occurred on the Property to date and that the soil or groundwater on or under the Property is free of Hazardous Materials
as of the Commencement Date, unless expressly disclosed by Landlord to Tenant in writing.

 

14.04      Landlord’s
Indemnification. Landlord hereby indemnifies, defends and holds Tenant harmless from any claims, judgments, damages, penalties, fines,
costs, liabilities, (including sums paid in settlements of claims) or loss, Including, without limitation, reasonable attorneys’
fees, court costs, consultant fees, and expert fees, which arise during or after the Term of this Lease from or in connection with the
presence or suspected presence of Hazardous Materials in the soil or groundwater on or under the Property, unless the Hazardous Material
is released by Tenant or is present as a result of the negligence or willful conduct of Tenant. Without limiting the generality of the
foregoing, the indemnification provided by this Section will specifically cover costs incurred in connection with any Investigation
of site conditions or any clean-up, remedial work, removal or restoration work required by any Federal, State or local governmental authority.

 

14.05      Definition.
For purposes of this Lease, the term “Hazardous Materials” means any one or more pollutant, toxic substance, hazardous
waste, hazardous material, hazardous substance, solvent or oil as defined in or pursuant to the Comprehensive Environmental Response,
Compensation and Liability Act, as amended, the Clean Water Act, as amended, the Water Pollution Control Act, as amended, the Solid Waste
Disposal Act, as amended, or any other Federal, State or local environmental law, regulation, ordinance, or rule, whether existing as
of the date of this Lease or subsequently enacted.

 

14.06      Survival.
The representations and indemnities contained in this Article Fourteen will survive the expiration or termination of this
Lease.

 

ARTICLE FIFTEEN

 

PROFESSIONAL SERVICE FEES

 

15.01       Amount
and Manner of Payment. Professional service Fees due to the Principal Broker and Cooperating Broker (together, the “Brokers”)
will be calculated and paid as follows:

 

		A.	Lump
                                            Sum. Unless the box for Section 15.01B is checked in Section 1.14A,
                                            then Landlord agrees to pay to each of the Brokers a lump sum professional service
                                            Fee for negotiating this Lease, plus any applicable sales taxes, equal to: (i) the percentages
                                            stated in Section 1.14A of the total Base Rent to become due to Landlord during
                                            the Term, if the blanks for percentages are completed; or (ii) the amounts per square
                                            foot in the Premises stated in Section 1.14A. if the blanks for amounts per square
                                            foot are completed. The Fees will be paid to the Brokers (i) one-half on the date of
                                            final execution of this Lease, and (ii) the balance on the Commencement Date of this
                                            Lease.

 

		B.	Monthly: If the box for this Section 15.01B is checked
in Section 1.14A, then Landlord agrees to pay to each of the Brokers a monthly professional
service Fee for negotiating this Lease, plus any applieable sales taxes, equal to the percentages stated in Section 1.14A
of each monthly Base Rent payment at the time the payment is due.

 

15.02      Payments
on Renewal, Expansion or New Lease. Subject to the termination date stated in this Section below, if Tenant or Tenant’s
successors or assigns: (a) exercises any right or option to renew or extend the Term (whether contained in this Lease or in any amendment
to this Lease) or enters into a new lease covering the Premises, a portion of the Premises, or the Premises and additional space; or (b) enters
into any new lease, expansion or other rental agreement as to any premises located on or constituting all or part of any real property
owned by Landlord adjacent to the Property, then Landlord shall pay to each of the Brokers an additional Fee covering the full period
of the renewal, extension, new lease, expansion or other rental agreement. The additional
Fees will be due on the date of exercise of a renewal option, or the date of execution in the case of a new lease, expansion or other
agreement The additional Fees will be computed and paid under Section 15.01A or Section 15.01B above (whichever
has been made applicable under Section 1.14), as if a new lease had been made for such period of time. The Brokers’
right to receive these additional Fees will terminate on the date that is 10 years after the expiration of the Term of this Lease, as
amended or extended.

 

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15.03      Payments
on Sale. Subject to the termination date stated in this Section below, if Tenant or Tenant’s successors or assigns, purchases
the Premises pursuant to a purchase option contained in this Lease (or in any amendment to this Lease or any other agreement) or otherwise
purchases the Premises, the Property or any portion of either the Premises or the Property, then Landlord shall pay to each of the Brokers
a Fee equal to the percentages stated in Section 1.14B of the purchase price, payable in Good Funds at the
closing. Upon the closing of a sale to Tenant, any monthly lease Fees will terminate upon payment of the Fee on the sale. The Brokers’
right to receive the Fees set forth in this Section 15.03 will terminate on the date that is 10 years after the expiration
of the Term of this Lease, as amended or extended.

 

15.04      Other
Brokers. Both Landlord and Tenant represent to the other party that they have had no dealings with any person, firm or agent in the
negotiation of this Lease other than the Brokers) named in this Lease, and no other broker, agent, person, firm or entity other than
Broker(s) is entitled to any commission or fee in connection with this Lease.

 

15.05      Landlord’s
Liability. Landlord will be liable for payment of all Fees solely to the Brokers, and Landlord will not be obligated to pay any claims
by any undisclosed broker. The Principal Broker may pay a portion of the Fee to any Cooperating Broker pursuant to a separate agreement
between the Brokers.

 

15.06      Joint
Liability of Tenant. If Tenant enters into any new lease, extension, renewal, expansion, or other agreement to rent, occupy, or purchase
any property described in Section 15.02 or Section 15.03 within
the time specified in those Sections, the negotiations must be communicated through the Principal Broker (which may be done through the
Cooperating Broker), otherwise Tenant will be jointly and severally liable with Landlord for any payments due or to become due to the
Principal Broker.

 

15.07      Assumption
on Sale. In the event of a sale or other transfer of the Premises by Landlord, Landlord shall assign this Lease to the purchaser or
other transferee, and obtain from the purchaser or other transferee an Assumption Agreement in recordable form whereby the purchaser or
other transferee agrees to pay the Brokers all Fees payable under this Lease. Landlord shall deliver a fully executed original counterpart
of the Assumption Agreement to each of the Brokers upon the closing of the sale or other transfer of the Premises. Landlord will be released
from personal liability for subsequent payments of Fees payable under this Lease only upon the delivery of the Assumption Agreement to
the Brokers.

 

15.08     Termination.
Landlord and Tenant agree that the Brokers are third party beneficiaries of this Lease with respect to the Fees, and that no change may
be made by Landlord or Tenant as to the time of payment, amount of payment or the conditions for payment of the Fees without the written
consent of the Brokers. The termination of this Lease by the mutual agreement of Landlord and Tenant will not affect the right of the
Brokers to continue to receive the Fees agreed to be paid under this Lease, just as if Tenant had continued to occupy the Premises and
had paid the Rent during the entire Term. Amendment or termination of this Lease under Article Eight (Damage or Destruction)
and Article Nine (Condemnation) will not amend or terminate the Brokers’ right to collect the Fees.

 

15.09      Intermediary
Relationship.

 

		A.	If either of the Brokers has indicated in Section 1.12
or Section 1.13 or otherwise that they are acting as an intermediary, then Landlord and Tenant consent to the intermediary
relationship, authorize such Broker or Brokers to act as an intermediary between Landlord and Tenant in connection with this Lease, and
acknowledge that the source of any expected compensation to the Brokers will be Landlord, and the Brokers may also be paid a fee by Tenant.
A broker, and any broker or salesperson appointed to communicate with and carry out instructions of one party, who acts as
an intermediary is required to act fairly and impartially, and may not:

 

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(1) disclose to Tenant that Landlord
will accept a rent less than the asking rent, unless otherwise instructed in a separate writing by Landlord;

 

(2) disclose
to Landlord that Tenant will pay a rent greater than the rental submitted in a written offer to Landlord, unless otherwise instructed
in a separate writing by Tenant;

 

(3) disclose
any confidential information, or any information a party specifically Instructs the real estate broker or salesperson in writing not
to disclose, unless:

 

(a) the broker or salesperson is
otherwise instructed in a separate writing by the respective party;

 

(b) the broker or salesperson is
required to disclose the information by the Texas Real Estate License Act or a court order ; or

 

(c) the information materially
relates to the condition of the property;

 

(4) treat a party to the transaction
dishonestly; or

 

(5) violate the Texas Real Estate
License Act.

 

		B.	Appointments. Each Broker is authorized to appoint, by providing written notice to the parties, one or more license holders
associated with the Broker to communicate with and carry out instructions of one party, and one or more other license holders associated
with the Broker to communicate with and cany out instructions of the other party. An appointed license holder may provide opinions and
advice during negotiations to the party to whom the license holder is appointed.

 

ARTICLE SIXTEEN

 

MISCELLANEOUS AND ADDITIONAL PROVISIONS

 

16.01      Disclosure.
Landlord and Tenant understand that a real estate broker is not an expert in matters of law, tax, financing, surveying, hazardous
materials, engineering, construction, safety, zoning, land planning, architecture, the TABA, or the ADA. The Brokers hereby advise
Tenant to seek expert assistance on such matters. Brokers do not investigate a property’s compliance with building codes,
governmental ordinances, statutes and laws that relate to the use or condition of a property and its construction, or that relate to
its acquisition. If the Brokers provide names of consultants or sources for advice or assistance, Tenant acknowledges that the
Brokers do not warrant the services of the advisors or their products and cannot warrant the suitability of property to be acquired
or leased. Furthermore, the Brokers do not warrant that the Landlord will disclose any or all property defects, although the Brokers
Will disclose to Tenant any actual knowledge possessed by Brokers regarding defects of the Premises and the Property. In this
regard, Tenant agrees to make all necessary and appropriate inquiries and to use diligence in investigating the Premises and the
Property before signing this Lease. Tenant acknowledges and agrees that neither the Principal Broker nor any Cooperating Broker has
made any representation to Tenant with respect to the condition of the Premises, and that Tenant is relying exclusively upon
Tenant’s own investigations and the representations of Landlord, if any, with respect to the condition of the Premises.
Landlord and Tenant agree to hold the Brokers harmless from any and all damages, claims, costs arid expenses resulting from or
related to Landlord’s furnishing to the Brokers any inaccurate information with respect to the Premises, or Landlord’s
concealing any material information with respect to the Premises. Landlord arid Tenant hereby agree to indemnify and defend the
Brokers against any and all liabilities, claims, debts, damages, costs, or expenses, including but not limited to reasonable
attorneys’ fees and court costs, related to or arising out of or in any way connected to (a) representations concerning
matters properly the subject of advice by experts; or (b) any dispute directly between Landlord and Tenant regarding this
Lease. In addition, to the extent permitted by applicable law, the Brokers’ liability for errors, omissions, or negligence is
limited to the return of the Fee, if any, paid to the Brokers pursuant to this Lease.

 

COMMERCIAL LEASE AGREEMENT - Page 25

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16.02      Force Majeure. If performance by Landlord of any term,
condition or covenant in this Lease is delayed or prevented by any Act of God, strike, lockout, shortage of material or labor, restriction
by any governmental authority, civil riot, flood, or any other cause not within the control of Landlord, the period for performance of
the term, condition or covenant will be extended for a period equal to the period Landlord is so delayed or prevented.

 

16.03      Interpretation. The captions of the Articles or Sections
of this Lease are to assist the parties in reading this Lease and are not part of the terms or provisions of this Lease. Whenever required
by the context of this Lease, the singular will include the plural and the plural will include the singular, and the masculine, feminine
and neuter genders will each include the other.

 

16.04      Waivers. Any waivers of any provisions of this Lease must
be in writing and signed by the waiving party. Landlord’s delay or failure to enforce any provisions of this Lease or Landlord’s acceptance
of late installment of Rent will not be a waiver and will not prevent Landlord from enforcing that provision or any other provision of
this Lease in the future. No statement on a check from Tenant or in a letter accompanying a check will be binding on Landlord. Landlord
may, with or without notice to Tenant, negotiate, cash, or endorse the check without being bound to the conditions of any such statement.

 

16.05      Severability.
A determination by a court of competent jurisdiction that any provision of this Lease is invalid or unenforceable will not
invalidate the remainder of that provision or any other provision of this Lease, which will remain in full force arid effect.

 

16.06      Joint and Several Liability. All parties signing this Lease
as Tenant will be jointly and severally liable for all obligations of Tenant. Tenant will be responsible for the conduct, acts and omissions
of Tenant’s agents, employees, customers, contractors, invitees, agents, successors or others using the Premises with Tenant’s express
or implied permission.

 

16.07      Amendments or Modifications. This Lease is the only agreement
between the parties pertaining to the lease of the Premises and no other agreements are effective unless made a part of this Lease. All
amendments to this Lease must be in writing and signed by all parties.

 

16.08      Notices.
All notices and other communications required or permitted under this Lease must be in writing and will be deemed delivered, whether
actually received or not, on the earlier of: (i) actual receipt if delivered in person or by messenger with evidence of delivery;
or (ii) receipt of an electronic facsimile transmission (“Fax”) with confirmation of delivery; or (iii) upon
deposit in the United States Mail as required below. Notices may be transmitted by Fax to the Fax telephone numbers specified in Article
One of this Lease, if any. Notices delivered by mail must be deposited in the U.S. Postal Service, certified mail, return receipt
requested, postage prepaid, and properly addressed to the intended recipient as set forth in Article One. Notices sent by
any other means will be deemed delivered when actually received, with proof of delivery. After possession of the Premises by Tenant,
Tenant’s address for notice purposes will be the address of the Premises unless Tenant notifies Landlord in writing of a different
address to be used for that purpose. Any party may change its address for notice by delivering written notice of its new address to all
other parties in the manner set forth above. Copies of all notices should also be delivered to the Brokers, but failure to notify the
Brokers will not cause an otherwise properly delivered notice to be ineffective. Also, copies of all notices must also be delivered to
the following persons [if the blanks have been completed]:

 

Copies of notices to Landlord are to be delivered to:

 

	 
	 	 	 	 
	Address:	 	 	 
	 	 	 	 
	Telephone:	 	Fax:	 
	Email:	 	 	 

 

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Copies of notices to Tenant are to be delivered to:

 

Drew Jones

 

	Address:	 2260 5th Avenue	 
	Fort Worth TX 76110	 
	Telephone:	2142260133	Fax	                       
	Email:	 	drew@harperandjones.com
	 	 	 	 

 

x Landlord
also consents to receive any notices by e-mail. [Check the box, if applicable.]

 

x
Tenant also consents to receive any notices by e-mail. [Check the box, if applicable ]

 

16.09      Attorneys’ Fees. If, on account of any breach or
default by any party to this Lease in its obligations to any other party to this Lease (including, but not limited to, the Brokers), it
becomes necessary for a party to employ an attorney to enforce or defend any of its rights or remedies under this Lease, the non-prevailing
party agrees to pay the prevailing party its reasonable attorneys’ fees and court costs, if any, whether or not suit is instituted
in connection with the enforcement or defense.

 

16.10      Venue. All obligations under this Lease, including, but
not limited to, the payment of Fees to the Brokers, will be performed and payable in the county in which the Property is located. The
laws of the State of Texas will govern this Lease.

 

16.11      Survival. All obligations of any party to this Lease that
are not fulfilled at the expiration or the termination of this Lease will survive such expiration or termination as continuing obligations
of the party,

 

16.12      Binding Effect. This Lease will inure to the benefit of,
and be binding upon, each of the parties to this Lease and their respective heirs, representatives, successors and assigns. However, Landlord
will not have any obligation to Tenant’s successors or assigns unless the rights or interests of the successors or assigns are acquired
in accordance with the terms of this Lease.

 

16.13      Right to Claim a Lien. If a commission agreement or other
agreement to pay Fees to the Brokers is not included in this Lease, then be advised that pursuant to Chapter 62 of the Texas Property
Code, each Broker hereby discloses the Broker’s right to claim a lien based on a separate written commission agreement or other
agreement to pay Fees to the Broker, and this disclosure is incorporated in the commission agreement or other agreement to pay Fees.

 

16.14      Patriot Act Representation. Landlord and Tenant each represent
to the other that: (1) its property interests are not blocked by Executive Order No. 13224, 66 Fed. Reg. 49079; (2) it is not
a person listed on the Specially Designated Nationals and Blocked Persons list of the Office of Foreign Assets Control of the United States
Department of the Treasury; and (3) it is not acting for or on behalf of any person on that list.

 

16.15      Counterparts. This Lease may be executed
in a number of identical counterparts, and all counterparts will be construed together as one agreement.

 

16.16      Offer. The
execution of this Lease by the first party to do so constitutes an offer to lease the Premises. Unless this Lease is signed by the
other party and a fully executed copy is delivered to the first  party by the earlier of this date March 1st, 2019
or the date that is 10 days after the date of execution by the first party, such offer to lease will be deemed automatically
withdrawn. Any acceptance of an offer that has been withdrawn will only be effective if the party that withdrew the offer
subsequently agrees to the acceptance either in writing or by course of conduct.

 

COMMERCIAL LEASE AGREEMENT - Page 27 

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16.17      Additional Provisions. Landlord and Tenant agree to any
provisions set forth on the attached Addenda (if any) and the following additional provisions (if any):

 

See Additional Provisions attached hereto as Addendum J and made
part of thereof for all purposes.

 

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    	Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.ziplogix.com                               2736 Routh St.

     

    

 

16.18      Consult
an Attorney. This Lease is an enforceable, legally binding agreement. Read it carefully. The Brokers involved in the negotiation
of this Lease cannot give you legal advice. Landlord and Tenant acknowledge that they have been advised by the Brokers to have this Lease
reviewed by competent legal counsel of their choice before signing this Lease. By executing this Lease, Landlord and Tenant each agree
to the provisions contained in this Lease.

 

This Lease has been executed as of the Effective Date (as defined
in Section 1.01).

 

	LANDLORD:	 	LANDLORD:
	 	 	 
	Pasha & Sina, Inc.	 	 
	 	 	 	 
	By [Signature]:	/s/ Mohsen Heidari	 	By [Signature]:	 
	Name: 	Mohsen Heidari	 	Name: 	 
	Title:	President	 	Title:	 
	Date of Execution:	2/27/19	 	Date of Execution:	 
	 	 	 
	TENANT:	 	TENANT:
	 	 	 
	Harper & Jones, LLC	 	 
	DocuSigned by:	 	 
	5B128B167CBE457	 	 
	By [Signature]:	/s/ Drew Jones	 	By [Signature]:	 
	Name: 	Drew Jones	 	Name: 	 
	Title:	Manager	 	Title:	 
	Date of Execution:	2/27/2019	 	Date of Execution:	 
	 	 	 	 
	PRINCIPAL BROKER:	 	COOPERATING BROKER:
	 	 	 
	J. Elmer Turner, Realtors Inc.	 	Esrp Advisory Da11as, LLC
	 	 	 
	By [Signature]:	 	 	By [Signature]:	  
	Name:	Michael C. Turner	 	Name:	Damian M. Rivera
	Title:	President	 	Title:	President National Account Services/Attroney-in-fact
	Address:	2626 Cole Ave, Suite 606, Dallas, TX75204	 	Address:	One Cowboys Way Suite 350 Frisco, TX75034
	Broker’s License No.:	381055	 	Broker’s License No.:	9002573
	Tax ID No.:	75-2145972	 	Tax ID No.:	 
	 	 	 	 	 

 

PERMISSION TO USE: This form is provided
for the use of members of the North Texas Commercial Association of REALTORS®, Inc. (“NTCAR”), members of the North
Texas Commercial Association of Real Estate Professionals, Inc, and other licensed users of an NTCAR electronic forms system, Permission
is given to make limited copies of the current version of this form for use in a particular Texas real estate transaction. Please contact
the NTCAR office to confirm that you are using the current version of this form, Mass production, or reproduction for resale, is not allowed
without express permission. Any changes to this form must be made in a manner that is obvious. If any words are deleted, they must be
left in the form with a line drawn through them. If changes are made that are not obvious, the person who made the change could be subject
to a claim of fraud or misrepresentation for passing off an altered form as if it were the genuine NTCAR form.

 

COMMERCIAL LEASE AGREEMENT - Page 29 

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J. Elmer Turner, REALTORS, Inc

 

	 	Information About
Brokerage Services 

Texas law requires all real estate licensees
to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

	11/2/2015

 

TYPES OF REAL ESTATE LICENSE HOLDERS:

 

		#	A BROKER is responsible for all brokerage activities,
including acts performed by sales agents sponsored by the broker.

 

		#	A SALES AGENT must be sponsored by a broker and works
with clients on behalf of the broker.

 

A BROKER’S MINIMUM DUTIES REQUIRED BY
LAW (A  client is the person or party that the broker represents):

 

		#	Put the interests of the client above all others, including
the broker’s own interests;

 

		#	Inform the client of any material information about the property
or transaction received by the broker;

 

		#	Answer the client's questions and present any offer to or counter-offer from the client; and

 

		#	Treat all parties to a real estate transaction honestly and
fairly.

 

A LICENSE HOLDER CAN REPRESENT A PARTY IN A
REAL ESTATE TRANSACTION:

 

AS AGENT FOR OWNER (SELLER/LANDLORD): The
broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management
agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about
the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s
agent.

 

AS AGENT FOR BUYER/TENANT: The broker becomes
the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent
must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction
known by the agent, including information disclosed to the agent by the seller or seller’s agent.

 

AS AGENT FOR BOTH - INTERMEDIARY: To act
as an intermediary between the parties foe broker must first obtain the written agreement of each party to the transaction. The written
agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary.
A broker who acts as an intermediary:

 

		#	Must treat all parties to the transaction impartially and fairly;

 

		#	May, with the parties’ written consent, appoint a different license holder associated with the broker
to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the
transaction.

 

		#	Must not, unless specifically authorized in writing to do so by the party, disclose;

 

		o	that the owner will accept a price less than the written asking price;

 

		o	that the buyer/tenant will pay a price greater than the price submitted in a written offer; and

 

		o	any coincidental information or any other information that a party specifically instructs the broker in writing not to disclose,
unless required to do so by law.

 

AS SUBAGENT: A license holder acts as a subagent when aiding
a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer
and must place the interests of the owner first.

 

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU
AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:

 

		·	The broker’s duties and responsibilities to you, and your obligations
under the representation agreement.

 

		·	Who will pay the broker for services provided to you, when payment
will be made and how the payment will be calculated.

 

LICENSE HOLDER CONTACT INFORMATION: This
notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services.
Please acknowledge receipt of this notice below and retain a copy for your records.

 

	J. Elmer Turner, Realtors Inc.	 	381055	 	mike@jelmerturner.com	 	(214)954-1221
	Licensed Broker /Broker Firm Name or	 	License No.	 	Email	 	Phone
	Primary Assumed Business Name	 	 	 	 	 	 
	Michael C. Turner	 	0277978	 	mike@jelmerturner.com	 	(214)954-1221
	Designated Broker of Firm	 	License No.	 	Email	 	Phone
	 	 	 	 	 	 	 
	Licensed Supervisor of Sales Agent/	 	License No.	 	Email	 	Phone
	Associate	 	 	 	 	 	 
	Logan F. Turner	 	681322	 	logan@jelmerturner.com	 	(214)250-4578
	Sales Agent/Associate’s Name	 	License No.	 	Email	 	Phone

 

	 	[ILLEGIBLE]	 	 	 
	 	Buyer/Tenant/Seller/Landlord Intials	 	Date	 
	 		 	 	 

 

	Regulated by the Texas Real Estate Commission	Information
                                            avaliable at www.trec.texas.gov

IABS 1-0

 

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J. Elmer Turner, REALTORS, Inc

 

NORTH TEXAS COMMERCIAL ASSOCIATION OF REALTORS®

ADDENDUM “A” TO LEASE

RENEWAL OPTIONS

 

	Address of the Premises:	2736 Routh St, Dallas, TX 76201-1970

 

1.            Option
to Extend the Term. Landlord grants to Tenant             Two (2)             option(s) (each
an “Option”) to extend the Term for an additional term of             Thirty-six
(36)             months each (the “Extension”), on the
same terms, conditions and covenants set forth in this Lease, except as provided below. Each Option may be exercised only by written
note delivered to the Landlord no earlier than                          Two
Hundred Seventy                         
(   270   ) days before, and no later than                                      
(   180   )days before, the expiration of the Term or the preceding Extension of the Term, whichever is applicable. If Tenant fails
to deliver to Landlord a written notice of the exercise of an Option within the prescribed time period, such Option and any succeeding
Options will lapse, and there will be no further right to extend the Term. Each Option may only be exercised by Tenant on the express
condition that, at the time of the exercise, Tenant is not in default under any of the provisions of this Lease. The Options are personal
to Tenant and may not be exercised by an assignee or subtenant without Landlord’s written consent.

 

2.            Calculation
of Rent. The Base Rent during the Extension(s) will be determined by one of the following methods [check one]:

 

		 ̈	A.            Fair
Market Rental. The Base Rent during the Extension will be the Fair Market Rental determined as follows:

 

a.            The
 “Fair Market Rental” of the Premises means the price that a ready and willing tenant Would pay as of the commencement of
the Extension as monthly rent to a ready and willing landlord of Premises comparable to the Premises if the property were exposed for
lease on the open market for  a reasonable period of time, and taking into account the term of the Extension, the amount of improvements
made by Tenant at its expense, the creditworthiness of the Tenant, and all of the purposes for which the property may be used and not
just the use proposed to be made of Ws Premises by Tenant Upon proper written notice by Tenant to Landlord of Tenant’s intention
to elect to exercise the renewal Option, Landlord shall, within                      
days thereafter, notify Tenant in writing of Landlord’s proposed Fair Market Rental amount, and Tenant shall thereupon notify Landlord
of Tenant’s acceptance or rejection of Landlord’s proposed amount. Failure of Tenant to reject Landlord’s Fair Market
Rental amount within                     
days after receipt of Landlord’s notice will be deemed Tenant’s acceptance of Landlord’s proposed Fair Market Rental
amount.

 

b.            If
Landlord and Tenant have not been able to agree on the Fair Market Rental amount within 40 days following the exercise of the Option,
the Fair Market Rental for the Extension will be determined by the following appraisal process. Landlord and Tenant shall endeavor in
good faith to select a single Appraiser. The term “Appraiser” means a State Certified Real Estate Appraiser licensed
by the State of Texas to value commercial property. If Landlord and Tenant are able to agree upon and select a single Appraiser, that
Appraiser will determine the Fair Market Rental for the Extension.

 

If Landlord and Tenant are unable
to agree upon a single Appraiser within   days after the end of the 40-day period, each will then appoint one Appraiser by
written notice to the other, given
within                   days
after the end of the 40-day period. Within five business days after the two Appraisers are appointed, the two Appraisers will
appoint a third Appraiser. If either Landlord or Tenant fails to appoint its Appraiser within the prescribed time period, the single
Appraiser appointed will determine the Fair Market Rental amount of the Premises. Each party will bear the cost of the appraiser
appointed by it and the parties will share equally the cost of the third appraiser. The Fair Market Rental of the Premises will be
the average of two of the three appraisals that are closest in amount, and the third appraisal will be disregarded.

 

ADDENDUM “A” TO LEASE - Page 1

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c.            In
no event will the Base Rent be reduced for any Extension, regardless of the Fair Market Rental determined by any appraisal. If the Fair
Market Rental is not determined before the commencement of the extension, then Tenant shall continue to pay to Landlord the Base Rent
applicable to the Premises immediately before the Extension until the Fair Market Rental amount is determined, and when it is determined,
Tenant shall pay to Landlord the difference between the Base Rent actually paid by Tenant to Landlord and the new Base Rent

 

 ̈   B.Consumer
Price Index Adjustment. The monthly Base Rent during the Extension will be determined by multiplying the monthly installment of Base
Rent during the last month of the Term by a fraction determined as follows:

 

		a.	The numerator will be the Latest Index that means either [check
one]:

 

		 ̈	(1) the Index published for the nearest calendar month preceding
the first day of the Extension, or

 

		 ̈	(2) the Index for the month of Extension.                              
preceding the first day of the

 

		b.	The denominator will be the Initial Index that means either [check
one]:

 

		 ̈	(1) the Index published for the nearest calendar month preceding
the Commencement Date,or

 

		 ̈	(2) the Index for the month of                              
preceding the Commencement Date.

 

[If no blanks are filled in above, the choice (1) including
the phrase “the nearest calendar month preceding” will apply. If the Index Is not yet published for the nearest calendar month
preceding the applicable date, then “the nearest calendar month” means the first month preceding the applicable date for which
the Index is published].

 

c.            The
Index means the Consumer Price Index (CPI) for All Urban Consumers (All Items) U.S. City Average (unless this box is checked  ̈ in which
case the CPI for the Dallas/Fort Worth Consolidated Metropolitan Statistical Area will be used) published by the U. S. Department of
Labor, Bureau of Labor Statistics (Base Index of 1982-84 =100). If the Index is discontinued or revised, the new index or computation
that replaces the Index will be used in order to obtain substantially the same result as would have been obtained if it had not been
discontinued or revised. If such computation would reduce the Rent for the particular Extension, it will be disregarded, and the Rent
during the immediately preceding period will apply instead.

 

		x	C.Fixed Rental Adjustments. The monthly installments of Base Rent during the Extension(s) will be increased beginning
on the following dates to these amounts:

 

	 	Date:	See Additional Provisions	Amount:$	 
	 	Date:	 	Amount:$	 
	 	Date:	 	Amount:$	 
	 	Date:	 	Amount:$	 

 

ADDENDUM “A” TO LEASE - Page 2

©NTCAR 2014 - Form No. 2(3/2014)

 

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J. Elmer Turner, REALTORS, Inc

 

North Texas Commercial association of Realtors®

 

ADDENDUM “G” TO LEASE

 

RULES AND REGULATIONS

 

	Address of the Premises:	 2736 Routh St. Dallas, TX 75201-1970

 

1.     Application.
Tenant, and Tenant’s employees and Invitees, shall abide by the following standards for the mutual safety, cleanliness, care, protection,
comfort and convenience of all tenants and occupants of the Property. These Rules and Regulations apply to all of the Property as
defined in this Lease including, but not limited to, the Premises, the building(s), the parking garages, if any, the common areas, driveways,
and parking lots.

 

2.     Consent
Required. Any exception to these Rules and Regulations must first be approved in writing by Landlord. For purposes of these Rules and
Regulations, the term “Landlord” includes the building manager, the building manager’s employees, and any other agent
or designee authorized by Landlord to manage or operate the Property.

 

		3.	Rules and Regulations:

 

a.            Tenant
may not conduct any auction, “flea market1’ or “garage sale” on the Premises nor store any goods or merchandise
on the Property except for Tenant’s own business use. Food may not be prepared in the Premises except in small amounts for consumption
by Tenant and Tenant’s officers and employees. Vending machines or dispensing machines may not be placed in the Premises without
Landlord’s written approval. The Premises may not be used or occupied as sleeping quarters or for lodging purposes. Animals may
not be kept in or about the Property.

 

b.            Tenant
shall not obstruct sidewalks, driveways, loading areas, parking areas, corridors, hallways, vestibules, stairs and Other similar areas
designated for the collective use of tenants, or use such areas for Tenant’s storage, temporary or otherwise, or for any purpose
other than going to and from the Premises. Tenant shall comply with parking rules and guidelines as may be posted on the Property
from time to time.

 

c.            Tenant
shall not make any loud noises, unusual vibrations, unpleasant odors, objectionable or illegal activities on the Property. Tenant shall
not permit the operation of any equipment in the Premises that annoys other occupants of the Property. Tenant shall not interfere with
the possession of other tenants of the property.

 

d.            Tenant
may not bring any flammable, explosive, toxic, noxious, dangerous or hazardous  materials onto the Property, except in small quantities
as needed in Tenant’s business and used, stored, and disposed of in accordance with applicable laws.

 

e.            Installation
of security systems, telephone, television and other communication cables, fixtures and equipment must comply with Section 7.04
of the Lease, except that routine installation and construction of normal communication devices that do not require any holes in the roof
or exterior walls of the Property do not require the written approval of Landlord.

 

f.            Movement
into or out of the building through public entrances, lobbies or corridors that requires use of a hand truck, dolly or pallet jack to
carry freight, furniture, office equipment, supplies and other large or heavy material, must be limited to the service entrances and freight
elevators only and must’be done at times and in a manner so as not to unduly inconvenience other occupants of the Property. All
wheels for such use must have rubber tires and edge guards to prevent damage to the building. Tenant shall be responsible for and shall
pay all costs to repair damages to the building caused by the movement of materials by Tenant.

 

ADDENDUM “G” TO LEASE - Page 1

©NTCAR 2014 - Form No. 2 (3/2014)

 

    	Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.ziplogix.com                               2736 Routh St.

     

    

 

g.            Requests
by Tenant for building services, maintenance and repair must be made in writing to the office of the building manager designated by Landlord
and must be dated. Tenant shall give prompt written notice to Landlord of any significant damage to or defects in the Premises or the
Property, including plumbing, electrical and mechanical systems, heating, ventilating and air conditioning systems, roofs, windows, doors,
foundation and structural components, regardless of whose responsibility it is to repair such damage or defects.

 

h.            Tenant
shall not change locks or install additional locks on doors without the prior written consent of Landlord. If Tenant changes locks or
installs additional locks on the Property, Tenant shall provide Landlord with a copy of each separate key to each lock upon Landlord’s
request. Upon termination of Tenant’s occupancy of the Premises, Tenant must surrender all keys to the Premises and the Property
to Landlord.

 

i.            Harmful
liquids, toxic wastes, bulky objects, insoluble substances and other materials that may cause clogging, stains or damage to plumbing fixtures
or systems must not be placed in the lavatories, water closets, sinks, or drains. Tenant must pay the costs to repair and replace drains,
plumbing fixtures and piping that is required because of damage caused by Tenant

 

j.            Tenant
shall cooperate with Landlord and other occupants of the Property in keeping the Property and the Premises neat and clean. Nothing may
be swept, thrown or left in the corridors, stairways, elevator shafts, lobbies, loading areas, parking lots or any other common areas
on the Property. All trash and debris must be properly placed in receptacles provided therefor.

 

k.            Landlord
may regulate the weight and position of heavy furnishings and equipment on the floor of foe Premises, including safes, groups of filing
cabinets, machines, and any other item that may overload the floor Tenant shall notify Landlord when heavy items are to be taken into
or out of the building, and the placement and transportation of heavy items may be done only with the priorwritten approval of Landlord.

 

l.            No
window screens, blinds, draperies, awnings, solar screen films, window ventilators or other materials visible from the exterior of the
Premises may be placed in the Premises without Landlord’s approval. Landlord is entitled to control all lighting that may be visible
from the exterior of the building.

 

m.            No
advertisement, sign, notice, handbill, poster or banner may be exhibited, distributed, painted or affixed on foe Property. No directory
of tenants is allowed on the Property other than that provided by Landlord.

 

n.            Tenant
agrees to cooperate with and assist Landlord in the prevention of peddling, canvassing and soliciting on the Property.

 

o.            Tenant
accepts any and all liability for damages and injuries to persons and property resulting from the serving or sales of alcoholic beverages
by or on behalf of Tenant on or from the Property.

 

p.            Any
person entering and leaving foe building before and after normal working hours, or building hours if posted by Landlord, whichever applies,
may be required to identify himself to security personnel by signing a list and giving the time of day and destination or location of
the applicable Premises. Normal building business hours are established by Landlord from time to time.

 

4.     Revisions.
Landlord reserves the right to revise or rescind any of these Rules and Regulations and to make additional rules that
Landlord may determine are necessary from time to time for the safety, protection, comfort and convenience of the tenants and
visitors of the Property and for the care, protection and cleanliness of foe Property. Revisions and additions will be binding upon
the Tenant as if they had been originally prescribed herein when furnished in writing by Landlord to Tenant, provided the additions
and revisions apply equally to all tenants occupying the Property and do not impose any substantial cost to Tenant.

 

5.     Enforcement.
Any failure or delay by Landlord in enforcing these Rules and Regulations will not prevent Landlord from enforcing these Rules and
Regulations in the future. If any of these Rules and Regulations is determined to be unenforceable, it will be severed from this
Lease without affecting the remainder of these Rules and Regulations.

 

ADDENDUM “G” TO LEASE - Page 2

©NTCAR 2014 - Form No. 2 (3/2014)

 

    	Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.ziplogix.com                               2736 Routh St.

     

    

 

ADDENDUM J

TO

COMMERCIAL LEASE AGREEMENT

FOR THE PROPERTY

AT 2736 ROUTH STREET, DALLAS

 

The terms and conditions contained in this Addendum J shall take precedence
over any term or condition contained in the attached Commercial Lease Agreement.

 

16.18.A. Commencement
Date. The Commencement Date shall be the later of (i) ninety (90) days from March 1, 2019 or (ii) the date in
which landlord delivers space to tenant with all Landlord work complete. The utilities shall be reimbursed by Tenant during any
period that the base rent is abated.

 

16.18.B. Signage. Tenant shall
be permitted to install exterior signage as the city permits, and subject to Article 6.04. above. Tenant shall provide the
Landlord with mockups of exterior signage and obtain the prior written approval from Landlord before installing any signage.

 

16.18.C. Tenant Improvements. Tenant shall paint
the exterior of the structure during the first year of occupancy with a color mutually agreed upon between Tenant and Landlord. Tenant
shall obtain the prior written approval from Landlord before completing any work on the exterior or interior of the building.

 

16.18.D. Landlord Improvements. Landlord shall
refinish and stain the wood floors back to their original color, or a color mutually agreed upon between Tenant and Landlord prior to lease
commencement.

 

16.18.E. Tenant Responsibilities. Tenant shall at all
times maintain the landscaping in a first-class manner.

 

16.18.F. Monetary Default Notice. Notwithstanding anything
to the contrary contained in the Commercial Lease Agreement, Landlord shall not be obligated to give more than two (2) written notices
of default in any twelve (12) month period.

 

16.18.G. Early Termination. Landlord shall have the option
to terminate this lease during the second renewal option period if the subject property and adjacent property are to be a part of a redevelopment.
Landlord shall give Tenant one hundred eighty (180) days written notice of any such lease termination. Upon written notice from Landlord,
Tenant has the option to terminate the lease at any time with thirty (30) days written notice to Landlord.

 

Page (1) of (2)

 

    	Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.ziplogix.com                               2736 Routh St.

     

    

 

16.18.H. HVAC Maintenance, Repair or Replacement. Notwithstanding
anything contained in the Commercial Lease Agreement to the contrary, Tenant’s liability for any service call to repair or replace
the HVAC equipment shall be limited to $500.00 per service call. Tenant shall not be responsible for more than $1,000.00 worth of HVAC
repairs or replacement costs during occupancy. Tenant shall cause to be performed routine filter changes and routine seasonal maintenance
at its cost and such routine maintenance expenses are to be outside the $1,000.00 limit on repair or replacement costs to the HVAC.

 

16.18.I. Landlord Suit Provision. Tenant shall
provide to Landlord three (3) suits of Landlord’s choosing.

 

16.18. J. Renewal Option. So long as Tenant is not in
monetary default, beyond any applicable cure periods, Tenant shall have the option(s) to renew per the attached addendum A. The gross
rental rates for the renewal option(s) are as follows:

 

	Option 1 - July 1, 2022	 	 
	 	 	 	 
	 	Year 1	 	$7,524.00 + Utilities
	 	Year 2	 	$7,643.00 +Utilities
	 	Year 3	 	$7,763.00 + Utilities
	 	 	 	 
	Option 2 - July 1, 2025	 	 
	 	 	 	 
	 	Year 1	 	$8,151.00 +Utilities
	 	Year 2	 	$8,270.00 + Utilities
	 	Year 3	 	$8,389.00 +Utilities

 

 

 

	Initialed:		 	Initialed:	
	 	Landlord	 	 	Tenant

 

Page (2) of (2)

 

    	Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.ziplogix.com                               2736 Routh St.Exhibit 10.27

 

BOARD
OF DIRECTORS AGREEMENT

 

THIS AGREEMENT is made and
entered into effective as of             , 2021 (the “Effective
Date”), by and between Digital Brands Group, Inc., a Delaware corporation (the “Company”) with its principal
place of business located at                                        , and Jameeka Green Aaron, an individual (“Director”) with her principal
residence at 121 Excursion, Irvine CA 92618 .

 

		1.	Term

 

This Agreement shall continue for
a period of one (1) year from the Effective Date and shall continue thereafter for as long as Director is elected as a member of the Board
of Directors by the shareholders of the Company. It may be renewed for a successive one year term upon termination.

 

		2.	Position and Responsibilities

 

(a) 
Position. The Board of Directors hereby appoints the Director to serve as a Board Member until the next annual meeting of
the Company’s shareholders or until her earlier resignation, removal or death. The Director shall perform such duties and responsibilities
as are customarily related to such position in accordance with Company’s bylaws and applicable law, including, but not limited to,
those services described on Exhibit A attached hereto (the “Services”). Director hereby agrees to use her best
efforts to provide the Services. Director shall not allow any other person or entity to perform any of the Services for or instead of
Director. Director shall comply with the statutes, rules, regulations and orders of any governmental or quasi-governmental authority,
which are applicable to the Company and the performance of the Services, and Company’s rules, regulations, and practices as they
may from time-to-time be adopted or modified.

 

(b) 
Other Activities. Director may be employed by another company, may serve on other Boards of Directors or Advisory Boards,
and may engage in any other business activity (whether or not pursued for pecuniary advantage), as long as such outside activities do
not violate Director’s obligations under this Agreement or Director’s fiduciary obligations to the Company’s shareholders.
The ownership of less than a 5% interest in an entity, by itself, shall not constitute a violation of this duty. Director represents that
Director has no outstanding agreement or obligation that is in conflict with any of the provisions of this Agreement, and Director agrees
to use her best efforts to avoid or minimize any such conflict and agrees not to enter into any agreement or obligation that could create
such a conflict without the approval of a majority of the Board of Directors. If, at any time, Director is required to make any disclosure
or take any action that may conflict with any of the provisions of this Agreement, Director will promptly notify the Board of such obligation,
prior to making such disclosure or taking such action.

 

(c) 
No Conflict. Director will not engage in any activity that creates an actual or perceived conflict of interest with Company,
regardless of whether such activity is prohibited by Company’s conflict of interest guidelines or this Agreement, and Director agrees
to notify the Board of Directors before engaging in any activity that could reasonably be assumed to create a potential conflict of interest
with Company. Notwithstanding the provisions of Section 2(b) hereof, Director shall not engage in any activity that is in direct competition
with the Company or serve in any capacity (including, but not limited to, as an employee, consultant, advisor or director) in any company
or entity that competes directly or indirectly with the Company, as reasonably determined by a majority of Company’s disinterested
board members, without the approval of the Board of Directors.

 

		3.	Compensation and Benefits

 

(a) 
Stock and Stock Options. Subject to vesting, as set forth on Exhibit B, the Company will issue to Director
options as set forth and described on Exhibit B. Company shall issue said options within sixty (60) days from the execution
of this Agreement by both parties. In addition, Company the provisions of Exhibit B “Initial Option Award”, are incorporated
in and made a part of this agreement., subject to the vesting, and other provisions of the Company’s 2020 Stock Incentive Plan.

 

b) Expenses. The Company shall
reimburse Director for all reasonable business expenses incurred in the performance of the Services in accordance with Company’s
expense reimbursement guidelines.

 

     

     

    

 

(c) 
 Indemnification. Company will indemnify and defend Director against any liability incurred in the performance of the Services
to the fullest extent authorized in Company’s Certificate of Incorporation, as amended, bylaws, as amended and applicable law. Concurrently
with the effective date of its initial public offering, the Company will purchase Director’s and Officer’s liability insurance
and Director shall be entitled to the protection of any insurance policies the Company maintains for the benefit of its Directors and
Officers against all costs, charges and expenses in connection with any action, suit or proceeding to which he may be made a party by
reason of her affiliation with Company, its subsidiaries, or affiliates.

 

(d) 
Records. So long as the Director shall serve as a member of the Company’s Board of Directors the Director shall have
full access to books and records of Company and access to management of the Company.

 

		4.	Termination

 

(a) 
Right to Terminate. At any time, Director may be removed as Board Member as provided in Company’s Certificate of Incorporation,
as amended, bylaws, as amended, and applicable law. Director may resign as Board Member or Director as provided in Company’s Certificate
of Incorporation, as amended, bylaws, as amended, and applicable law. Notwithstanding anything to the contrary contained in or arising
from this Agreement or any statements, policies, or practices of Company, neither Director nor Company shall be required to provide any
advance notice or any reason or cause for termination of Director’s status as Board Member, except as provided in Company’s
Certificate of Incorporation, as amended, Company’s bylaws, as amended, and applicable law.

 

(b) 
Effect of Termination as Director. Upon Director’s termination this Agreement will terminate; Company shall pay to
Director all compensation and expenses to which Director is entitled up through the date of termination; and Director shall be entitled
to her rights under any other applicable law. Thereafter, all of Company’s obligations under this Agreement shall cease.

 

		5.	Termination Obligations

 

(a) 
Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records,
notes, contracts, and computer-generated materials provided to or prepared by Director incident to the Services and her membership on
the Company’s Board of Directors or any committee therefore the sole and exclusive property of the Company and shall be promptly
returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors.

 

(b) 
Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue
of her position as Board Member. Director agrees that following any termination of this Agreement, he shall cooperate with Company in
the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by
law, and at Company’s expense) in the defense of any action brought by any third party against Company that relates to the Services.

 

		6.	Nondisclosure Obligations

 

Director shall maintain in confidence
and shall not, directly or indirectly, disclose or use, either during or after the term of this Agreement, any Proprietary Information
(as defined below), confidential information, or trade secrets belonging to Company, whether or not it is in written or permanent form,
except to the extent necessary to perform the Services, as required by a lawful government order or subpoena, or as authorized in writing
by Company. These nondisclosure obligations also apply to Proprietary Information belonging to customers and suppliers of Company, and
other third parties, learned by Director as a result of performing the Services. “Proprietary Information” means all
information pertaining in any manner to the business of Company, unless (i) the information is or becomes publicly known through lawful
means; (ii) the information was part of Director’s general knowledge prior to her relationship with Company; or (iii) the information
is disclosed to Director without restriction by a third party who rightfully possesses the information and did not learn of it from Company.

 

     

     

    

 

		7.	Dispute Resolution

 

(a) 
 Jurisdiction and Venue. The parties agree that any suit, action, or proceeding between Director and Company (and its affiliates,
shareholders, directors, officers, employees, members, agents, successors, attorneys, and assigns) relating to this Agreement shall be
brought in either the United States District Court for the State of Texas or in a Texas state court and that the parties shall submit
to the jurisdiction of such court. The parties irrevocably waive, to the fullest extent permitted by law, any objection the party may
have to the laying of venue for any such suit, action or proceeding brought in such court. If any one or more provisions of this Section
shall for any reason be held invalid or unenforceable, it is the specific intent of the parties that such provisions shall be modified
to the minimum extent necessary to make it or its application valid and enforceable.

 

(b) 
Attorneys’ Fees. Should any litigation, arbitration or other proceeding be commenced between the parties concerning
the rights or obligations of the parties under this Agreement, the party prevailing in such proceeding shall be entitled, in addition
to such other relief as may be granted, to a reasonable sum as and for its attorneys’ fees in such proceeding. This amount shall
be determined by the court in such proceeding or in a separate action brought for that purpose. In addition to any amount received as
attorneys’ fees, the prevailing party also shall be entitled to receive from the party held to be liable, an amount equal to the
attorneys’ fees and costs incurred in enforcing any judgment against such party. This Section is severable from the other provisions
of this Agreement and survives any judgment and is not deemed merged into any judgment.

 

		8.	Entire Agreement

 

This Agreement constitutes the entire
understanding between the parties hereto superseding all prior and contemporaneous agreements or understandings among the parties hereto
concerning the Agreement.

 

		9.	Amendments; Waivers

 

This Agreement may be amended, modified,
superseded or canceled, and any of the terms, covenants, representations, warranties or conditions hereof may be waived, only by a written
instrument executed by the parties or, in the case of a waiver, by the party to be charged. Any amendment or waiver by the Company must
be approved by the Company’s Board of Directors and executed on behalf of the Company by its Chief Executive Officer. If the Director
shall also serve as Chief Executive Officer, such amendment or waiver must be executed on behalf of the Company by an officer designed
by the Company’s Board of Directors.

 

		10.	Assignment

 

This Agreement shall not be assignable by either party.

 

		11.	Severability

 

If any provision of this Agreement
shall be held by a court to be invalid, unenforceable, or void, such provision shall be enforced to fullest extent permitted by law, and
the remainder of this Agreement shall remain in full force and effect. In the event that the time period or scope of any provision is
declared by a court of competent jurisdiction to exceed the maximum time period or scope that such court deems enforceable, then such
court shall reduce the time period or scope to the maximum time period or scope permitted by law.

 

		12.	Governing Law

 

This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware.

 

		13.	Counterparts

 

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

 

     

     

    

 

The parties have duly executed this Agreement as of the date
first written above.

 

DIGITAL BRANDS GROUP, INC.

a Delaware Corporation

  

	 	 	 	 	 
	Name 	John Davis III	 	Name 	
	Title	President	 	 	 

 

EXHIBIT A

 

DESCRIPTION OF
SERVICES

 

Responsibilities as Director. Director shall have
all responsibilities of a Director of the Company imposed by Delaware or applicable law, the Certificate of Incorporation, as amended,
and Bylaws, as amended, of Company. These responsibilities shall include, but shall not be limited to, the following:

 

 1. Attendance. Use best efforts to attend scheduled meetings of Company’s Board of Directors;

 

 2. Act as a Fiduciary. Represent the shareholders and the interests of Company as a fiduciary; and

 

 3. Participation. Participate as a full voting member of Company’s Board of Directors in setting overall objectives, approving plans and programs of operation, formulating general policies, offering advice and counsel, serving on Board Committees, and reviewing management performance.

 

EXHIBIT
B

 

STOCK OPTIONS AND VESTING

 

Options. Subject to the Vesting Requirements of
the Company’s 2020 Stock Incentive Plan and this Agreement, Company will grant Director Options to purchase up to               shares
of Company’s common stock at an exercise price of $       per share in a form as described below.

 

 1. The Options will be vested in Director at a rate of 25% per quarter, starting on the date hereof and quarterly thereafter.

 

 2. Options will expire 5 years from the date of issue.

 

 3. Company agrees to register the Company’s shares subject to the Option Grant on Form S-8 or such other registration form as may be available, and the Company shall provide a cashless exercise procedure.

 

 4. Director agrees to execute a lock-up agreement if any financing for the Company so requires and the terms of such financing are acceptable to the Director, and upon the same terms as other affiliates.

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