Document:

Exhibit 10.2

 

JOINT VENTURE AGREEMENT

 

THIS
JOINT VENTURE AGREEMENT ("JVA") is made on the 9th day of September, 2011, by and among Good Earth
Energy Conservation, Inc., a corporation incorporated in the State of Delaware, U.S.A. ("GEEC USA"), Carens Pte
Ltd, a company incorporated in the Republic of Singapore ("Carens"), and Good Earth Energy Conservation (Asia)
Pte Ltd, a company incorporated in the Republic of Singapore ("GEEC Asia").

 

 

RECITALS

 

WHEREAS, GEEC
USA is the owner or licensee of the Intellectual Property and the Technology and conducts the Business relating to Electric Vehicles;
and

 

WHEREAS, GEEC
USA has incorporated GEEC Asia to conduct the Business relating to Electric Vehicles in the Asian Territory; and

 

WHEREAS, on
the Closing Date Carens will novate to GEEC Asia, the Exclusive License Agreement ("ELA"), concerning the Intellectual
Property and Technology relating to Electric Vehicles in the Asian Territory, incorporated herein as Schedule 4; and

 

WHEREAS, the
novation of the ELA will facilitate GEEC Asia to effectively undertake the Business relating to Electric Vehicles in the Asian
Territory subject to the terms and provisions set forth herein; and

 

WHEREAS, in
consideration of Carens novating the ELA to GEEC Asia, GEEC USA agrees to transfer to Carens legal and beneficial ownership of
shares in GEEC Asia representing 50% of the Issued Share Capital of GEEC Asia; and

 

WHEREAS, GEEC
USA and Carens wish to enter into this JVA in order to record their rights and obligations as shareholders in GEEC Asia.

 

NOW, THEREFORE,
the Parties agree as follows:

 

		1.	DEFINITIONS AND INTERPRETATION

 

For the purposes of interpreting
this JVA, unless otherwise defined herein, the following terms shall have following meanings:

 

		1.1	Asian Territory means and includes those countries and territories listed in Schedule 1
to the ELA incorporated in Schedule 4 herein.

 

		1.2	Business means the business of owning, researching, developing, manufacturing, assembling,
servicing, maintaining and Commercialising the Intellectual Property and Technology relating to Electric Vehicles or Components
(defined below), and all related commercial reports.

 

		1.3	Business Day means a day that is not a Saturday, Sunday or any other day which is a public
holiday or a bank holiday in the place where an act is to be performed or a payment is to be made.

 

		1.4	Commercialising means any activity undertaken for the purpose of earning or deriving revenue,
proceeds or other valuable consideration, including by way of sale, assignment, transfer, lease, license or other disposal or contractual
right or arrangement relating to Electric Vehicles, the Intellectual Property or Technology herein.

 

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		1.5	Components mean and include all and any components, parts, products, systems or subsystems
incorporated into or relating to the Electric Vehicles.

 

		1.6	Deadlock in relation to a matter requiring a Major Resolution, that Major Resolution is
considered, voted on, but fails to obtain the required majority and results in GEEC Asia being unable to operate its Business in
the normal course while complying with this Agreement and meeting its financial, legal and regulatory obligations.

 

		1.7	Effective Date means the date of this JVA.

 

		1.8	Electric Vehicles means a vehicle with a propulsion system, including controller, powered
by an electric motor drawing current from rechargeable storage batteries, fuel cells, or other portable sources of electrical current,
and which may include a nonelectrical source of power designed to charge batteries; and incorporating Intellectual Property or
Technology owned by or licensed to GEEC USA.

 

		1.9	Encumbrances means any encumbrance, mortgage, lien, charge, restriction or any other third
party right, title or interest of any nature.

 

		1.10	Exclusive License Agreement ("ELA") means the exclusive license agreement dated
January 17, 20 II between GEEC USA and Halewood Enterprises Limited ("Halewood") as amended and restated on or before
the date of this JVA including any schedules thereto and incorporated in Schedule 4 herein, and which has been novated to Carens
by Halewood.

 

		1.11	Intellectual Property means any and all intellectual property of whatever nature, relating
to Electric Vehicles or Components, owned by or licensed to GEEC USA, including:

 

		(I)	copyright, trademark, patents, patent applications, rights in inventions, service marks, trade
and business names, registered designs, know-how, trade secrets, goodwill or any other intellectual property rights subsisting
in or created during the development of the Technology, including software, source and object codes, scripts, records, documents,
specifications, plans, program listings, calculations or drawings and any advertising and promotional materials in respect of the
Business; and

 

		(2)	any confidential information necessary for, or which may be used in connection with, the administration,
operation or marketing of the Business, and including all related commercial reports.

 

		1.12	Major Directors Resolution means a resolution of directors of GEEC Asia passed by a majority
representing more than 50% of all votes capable of being cast at a board meeting attended by all directors.

 

		1.13	Major Resolution means a Major Directors Resolution or a Major Shareholders Resolution.

 

 

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		1.14	Major Shareholders Resolution means a resolution of the shareholders in GEEC Asia passed
by shareholders representing more than 50% by value and number of all the Issued Share Capital (defined herein) in GEEC Asia at
a shareholders meeting.

 

		1.15	Parties means the parties to this JVA, namely GEEC USA, Carens and GEEC Asia, and Party
means any one of them, as the context may indicate;

 

		1.16	Technology means Intellectual Property, including all technical information, software, source
code, knowledge and know-how whatsoever, owned by or licensed to GEEC USA except that GEEC USA will not be obliged to provide
the source code of the software related to the Electric Vehicles.

 

		1.17	Transfer means sale, assignment, novate, transfer or other disposal of any legal, equitable
or other interest in any relevant property or asset.

 

		1.18	Trigger Event in relation to a Party means:

 

		(1)	any person, other than a Party to this JVA, acquiring any legal or equitable interest in the Issued
Share Capital shares held by the Parties other than as specifically provided for herein;

 

		(2)	a Party is or becomes insolvent or a receiver, receiver and manager, trustee, administrator or
similar official is appointed (or steps are taken for such appointment) over all or a part of its assets or business; or

 

		(3)	a Party breaches this JVA (other than in an insignificant manner) and if capable of remedy that
breach remains unremedied for twenty (20) business days after GEEC Asia or another Party has notified that Party in breach.

 

		1.19	Reference to:

 

		(1)	one gender includes the others;

 

		(2)	the singular includes the plural and the plural includes the singular;

 

		(3)	a person includes a partnership or body corporate;

 

		(4)	a Party includes a Party's executors, administrators, successors and permitted assigns;

 

		(5)	a thing includes the whole and each part of it separately;

 

		(6)	a statute, regulation, code or other law or a provision of any of them includes:

 

		(a)	any amendment or replacement of it; and

 

		(b)	another regulation or other statutory instrument made under it, or made under it as amended or replaced; and

 

		(7)	$, USD or dollars means the lawful currency of the United States of America from time to time unless
otherwise stated.

 

 

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		1.20	"Including" or "include" and similar expressions are not words of limitation.

 

		1.21	Where any term is defined within the context of any particular clause in this JVA, the term so
defined shall, unless it appears clearly from the clause in question that such term has limited application to the relevant clause,
bear the meaning ascribed to it for all purposes in terms of this JVA, notwithstanding that such term has not been defined in this
clause 1.

 

		1.22	Section and paragraph headings to this JVA are inserted for reference purposes only and shall not
affect the meaning or interpretation of any of the provisions to which they relate.

 

		1.23	A provision of this JVA must not be construed to the disadvantage of a Party merely because that
Party was responsible for the preparation of the JVA or the inclusion of the provision thereof.

 

		1.24	If an act must be performed on a specified day which is not a Business Day, then such act shall
be performed on the next day which is a Business Day.

 

		1.25	When any number of days is prescribed in this JVA, the same shall be reckoned exclusively of the
first and inclusively of the last day.

 

		1.26	Any provision of this JVA that contemplates performance or observance subsequent to any termination
or expiration of this JVA shall survive any termination or expiration of this JVA and continue in full force and effect.

 

		1.27	Should this JVA be signed on a date that results in the use of any tenses herein being inappropriate,
the terms shall be read in the appropriate tense.

 

		1.28	A reference to this JVA or any other document includes respectively this JVA or any other document
as amended, varied, notated, supplemented, restated, ratified or replaced from time to time.

 

		2	INCORPORATION OF GEEC ASIA

 

		2.1	GEEC USA represents and warrants to Carens in respect of GEEC Asia as of the Effective Date and the Closing Date (as defined
in Section 3.2 below) as follows:

 

		(1)	GEEC Asia has been duly incorporated, at GEEC USA's own cost and expense, as a private limited
company in the Republic of Singapore and that GEEC Asia is validly existing under the laws of the place of its incorporation;

 

		(2)	the initial issued and paid up share capital of GEEC Asia is One Hundred Singapore Dollars (SGD
100.00) divided into 100 ordinary shares of SGD 1.00 each ("Issued Share Capital"), and no other interest of any kind,
including preference shares or options, have been or will be issued in GEEC Asia without the written consent of Carens;

 

		(3)	GEEC Asia has not incurred, and the Sale Shares (as defined in Section 3.3 (1) below) are not subject
to, any known, liabilities or obligations (absolute or contingent);

 

 

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		(4)	there are no existing, pending or to its knowledge threatened claims, demands, suits, actions,
investigations, proceedings, governmental actions or causes of action of any kind against GEEC USA or GEEC Asia;

 

		(5)	there are no Encumbrances over GEEC Asia or any of its assets or GEEC USA's shares in GEEC Asia
including the Sale Shares; and

 

		(6)	GEEC Asia has duly filed in a timely manner with appropriate governmental authorities all corporate
and tax filings, returns, statements and reports which are required to be made or filed and there are no liens for unpaid taxes
on the GEEC Asia or any of its assets and GEEC Asia has no employees.

 

		2.2	This Agreement overrides the provisions of the constitutional documents of GEEC Asia if there is any inconsistency between
them and this Agreement.

 

		3	CLOSING

 

		3.1	Closing shall take place on the Closing Date as provided under clause 3.2.

 

		3.2	The "Closing Date" for the purposes of this JVA will be the earlier of (i) the date on which GEEC USA's Conditions
Precedent are fulfilled to the satisfaction of Carens and (ii) 30 September 2011, or such later date as the Parties may agree.
GEEC USA's Conditions Precedent are the conditions specified in Schedule 1 herein.

 

		3.3	The Parties agree that at the Closing Date the following shall occur:

 

		(1)	GEEC USA shall transfer to Carens and Carens shall accept the transfer of, all right, title, and
interest, both legal and beneficial, in and to 50 shares of SGD 1.00 in GEEC Asia ("Sale Shares"), which GEEC USA represents
and warrants shall constitute 50% by value and number of all of the Issued Share Capital in GEEC Asia in existence as at the Closing
Date, in consideration of the novation of the ELA to GEEC Asia;

 

		(2)	Carens shall execute a deed novation in favour of GEEC Asia novating its rights, interests and
obligations under the ELA to GEEC Asia;

 

		(3)	GEEC USA shall convey good, marketable and indefeasible title to every and each Sale Share to Carens
free and clear of all Encumbrances;

 

		(4)	GEEC USA shall (i) Transfer and deliver to Carens all share certificates and any other share ownership
or transfer documentation in respect of the Sale Shares, duly endorsed and executed by GEEC USA, and (ii) immediately procure that
Carens' particulars are entered into the register of shareholders of GEEC Asia as the holder of the Sale Shares;

 

		(5)	the current board of directors of GEEC Asia shall hold a board meeting promptly following the Closing
Date to appoint new directors and alternates which shall comprise James Hawes (alternate James Emmons) and Ahmad Iqbal Saddique
(alternate Paul Barley); and

 

		(6)	after the GEEC Asia board meeting has been held to appoint directors, the GEEC Asia directors shall
meet as a soon as the business circumstances dictate, to draft an Operations & Procedures Memorandum for GEEC-Asia which will
provide for the general operations, policies, and procedures of GEEC Asia.

 

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		4	FUNCTION OF GEEC ASIA

 

		4.1	Each of GEEC USA and Carens agrees that, in relation to GEEC Asia or any matter directly or indirectly
related to this JVA or the performance of its obligations under this JVA, it shall (i) act at all times with full transparency,
honesty and equity when dealing with the other Party; (ii) cooperate fully with the other Party in good faith; and (iii) not attempt
to circumvent or avoid the spirit of this JVA.

 

		4.2	Subject to clause 4.3 below, on and from Closing all funding requirements of GEEC Asia (whether
working capital or otherwise) shall be borne by the shareholders from time to time in GEEC Asia in proportion to their respective
shareholding in the Issued Share Capital of GEEC Asia and from their own funds, unless otherwise agreed by the Parties.

 

		4.3	The shareholders of GEEC Asia may allow GEEC Asia to satisfy its funding requirements by borrowings
(secured if necessary by charges over the GEEC Asia's assets) from a bank or another commercial financial institution or by such
other method of funding as the shareholders of GEEC Asia may from time to time agree.

 

		4.4	If funding pursuant to clause 4.2 is insufficient to meet GEEC Asia's working capital and other
funding requirements or the bank borrowings or other method of funding pursuant to clause 4.3 are not available or the terms of
such are not agreed by the shareholders of GEEC Asia, then unless they otherwise agree the shareholders of GEEC Asia shall exercise
all voting and other rights and powers of control available to them in relation to GEEC Asia to promptly place GEEC Asia into voluntary
liquidation and shall appoint PricewaterhouseCoopers or such other substantial international accounting firm operating in Singapore,
as the shareholders may agree, to assist with an orderly liquidation of GEEC Asia.

 

		4.5	If section 4.4 applies, a party ("Funding Party") may provide or procure the provision
of funding to GEEC Asia ("Additional Funding").

 

		4.6	All Additional Funding shall be treated as loans by the Funding Party to GEEC Asia and shall be
repayable by GEEC Asia on demand (provided that it has sufficient funds to repay such amounts). The Additional Funding shall:

 

		(1)	be advanced by or on behalf of the Funding Party as and when operating costs are due and payable
by GEEC Asia;

 

		(2)	be subject to a maximum aggregate principal amount of US$1,000,000;

 

		(3)	accrue interest daily at 10% per annum from the date any Additional Funding is advanced to GEEC
Asia up to and including the date on which all Additional Funding is repaid in full. Unpaid interest shall be capitalised quarterly
and any interest unpaid in any calendar year shall be carried to the next calendar year; and

 

		(4)	shall otherwise be solely determined by the Funding Party.

 

		4.7	No dividends or any other payments or distributions of any kind shall be made to any shareholder
in GEEC Asia who is not a Funding Party until all Additional Funding (and all interest whether capitalised or not) has been repaid
in full to the Funding Party by GEEC Asia.

 

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		4.8	No shareholder of GEEC Asia shall Transfer or create an Encumbrance over any of its shares in GEEC
Asia except for those agreed in writing by the non-Transferring shareholder or as otherwise provided in this clause 4.

 

		4.9	The board of directors of GEEC Asia shall comprise a maximum of three directors but subject to
Section 4.10 only two shall be appointed.

 

		4.10	Each shareholder in GEEC Asia, for so long as it holds 50% of the Issued Share Capital in GEEC
Asia, shall have the right to appoint one director and to remove and replace any such appointee. Otherwise, a Shareholder holding
more than 50% thereof shall be entitled to appoint one additional director and to remove and replace any such appointee.

 

		4.11	The Parties agree that:

 

		(1)	If GEEC USA's shareholders Transfer or propose to Transfer, in aggregate, 50% or more of the shares
in GEEC USA, as referenced in Schedule 2 herein, to a third party on arm's length commercial terms, Carens shall have the option
to require GEEC USA to procure that the third party acquires all of Carens' shares in GEEC Asia on terms no less favourable than
those offered to GEEC USA's shareholders by that third party;

 

		(2)	if Carens' shareholders Transfer or propose to Transfer, in aggregate, 50% or more of the shares
in Carens, as referenced in Schedule 3 herein, to a third party on arm's length commercial terms, GEEC USA shall have the option
to require that third party to acquire all of GEEC USA's shares in GEEC Asia on terms no less favourable than those offered to
Carens' shareholders by that third party; and

 

		(3)	each of GEEC USA and Carens undertakes to notify the other promptly of any changes or proposed
changes to the shareholding in it from that referenced in Schedule 2 or 3 herein.

 

		4.12	Pre-emption and Tag Along

 

		(1)	If a shareholder in GEEC Asia intends to sell all or any of its shares in GEEC Asia ("Selling
Shareholder") to a third party, other than a related entity in which the Selling Shareholder owns a controlling interest of
more than fifty percent (50%), it shall give notice in writing ("Transfer Notice") to GEEC Asia and the other shareholder
setting out full details of the terms of the proposed sale including (i) the shares in GEEC Asia it proposes to sell ("Transfer
Shares"), (ii) the name of the proposed purchaser and of any person who holds the controlling interest in the proposed purchaser
(if applicable) and (iii) the price per Transfer Share (which must be payable on completion of the purchase).

 

		(2)	A Transfer Notice will constitute an offer by the Selling Shareholder to sell the Transfer Shares
to the other shareholder at the price and on the terms of the proposed sale and the other shareholder shall notifY the secretary
of GEEC Asia and the Selling Shareholder no later than 30 days of its receipt of the Transfer Notice whether it will buy the Transfer
Shares ("Buy Notice"). A Buy Notice is irrevocable.

 

		(3)	If GEEC Asia and the Selling Shareholder do not receive a Buy Notice within the time specified
in Section 4.12(2) above, this pre-emption process ends and the Selling Shareholder shall be free to proceed with the proposed
sale of the Transfer Shares to the purchaser named in, and on terms specified in, the Transfer Notice subject, where applicable,
to Section 4.12(5) below.

 

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		(4)	If the transferee is not already a shareholder in GEEC Asia, the transferee must sign a deed of
accession in the form contained in Schedule 5 which is incorporated herein ("Deed of Accession Deed Poll") on completion
of its purchase of the Transfer Shares. GEEC Asia shall not register in its records or otherwise recognize any interest in or Encumbrance
over any shares unless such Deed of Accession Deed Poll has been executed and delivered and unless all obligations of the Selling
Shareholder under this JVA have been satisfied.

 

		(5)	A shareholder in GEEC Asia who receives a Transfer Notice may require the Selling Shareholder to
cause the purchaser named in the Transfer Notice to also buy all of its shares in GEEC Asia at the same price as specified in the
Transfer Notice ("Tag Along Right"). To exercise this Tag Along Right, that shareholder shall notify the Selling Shareholder
in writing no later than 30 days of its receipt of the Transfer Notice that it wishes to exercise this Tag Along Right. Such notice
is irrevocable. If the Selling Shareholder completes the sale notified in the Transfer Notice, it must ensure that the purchaser
of its shares simultaneously completes acquisition of all shares the subject of the exercise of a Tag Along Right. Apart from selling
its shares in GEEC Asia under a Tag Along Right the shareholder shall have no obligations to the Selling Shareholder or the purchaser
of its shares.

 

		4.13	Deadlock.

 

		(1)	If a Deadlock arises a Party may issue a written notice to the other Parties stating that a Deadlock
has arisen, identifying why there is a Deadlock together with relevant details and requiring the Deadlock to be dealt with under
this section.

 

		(2)	On receiving the notice GEEC Asia must expeditiously call a meeting of its shareholders to consider
the Deadlock.

 

		(3)	The Deadlock is resolved if, a Major Shareholders Resolution is passed, or a solution is agreed
in writing, by such number and combination of shareholders as would be sufficient to pass a Major Shareholders Resolution, and
that resolution enables GEEC Asia to operate its Business in the normal course while meeting all its financial, legal and regulatory
obligations.

 

		(4)	The Parties are bound by a resolution passed or agreed solution reached under section 4.13(3) above.
Each Party must take whatever steps are required of it to implement the resolution or solution.

 

		4.14	Triggering Events

 

		(1)	If a Party is the subject of a Trigger Event ("Defaulting Party") and remains so, the
other Party ("Non-Defaulting Party") may notify the Defaulting Party and GEEC Asia that it will buy, at a specified price,
all of the Defaulting Party's shares in GEEC Asia. If no agreement is reached as to the price for such shares within 30 days of
the said offer, the Parties agree to appoint PricewaterhouseCoopers ("PwC") to determine a fair market price for such
shares, and whose determination shall be binding on the Parties. Upon receipt by the Parties of written notice from PwC giving
the fair market price for such shares, the Parties agree to conclude the sale and transfer of the said shares within 30 days thereof
(and which must be paid in full on completion of that purchase);

 

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		(2)	A notice under section 4.14(1) is irrevocable;

 

		(3)	If a Non-Defaulting Party issues a notice under section 4.14(1), the Parties shall proceed with
the sale of the Defaulting Party's shares and the Defaulting Party shall be treated as having issued to the Non-Defaulting Party
a Transfer Notice for sale of all its shares under section 4.12 above and that clause shall apply;

 

		(4)	Tag Along Rights under section 4.12 above do not apply to a sale of shares under this section.

 

		5	GEEC ASIA SUB-LICENSING

 

		5.I	The Parties acknowledge that the GEEC Asia may sub-license its rights under the ELA, which are
assigned to GEEC Asia as a part of this JVA, in respect of which royalties, commissions or other payments may be received by GEEC
Asia ("Sub License Payments").

 

		5.2	GEEC USA undertakes to register and keep current at its cost all patents, trademarks and other
Intellectual Property that the Parties determine are necessary for GEEC Asia to effectively conduct its Business and properly perform
its obligations under the ELA in the Asian Territory and to be fully protected or indemnified when utilizing its rights thereof.
GEEC USA shall hold all such patents, trademarks and Intellectual Property rights in trust for GEEC Asia.

 

		6	REPRESENTATIONS AND WARRANTIES

 

		6.1	GEEC USA represents and warrants to Carens on the date of this JVA and at the Closing Date as follows:

 

		(1)	GEEC USA is duly organized, validly existing and in good standing under the laws of Delaware, with
a principal place of business at as recited in Section 9.7 and has all requisite authority and power to enter into and perform
its obligations under this JVA and the other instruments and agreements contemplated hereby;

 

		(2)	the execution, delivery and performance by GEEC USA of this JVA and the other instruments and agreements
contemplated hereby to be delivered by GEEC USA have been, or will by the Closing Date be, duly authorized by all requisite corporate
action. This JVA and the other instruments and agreements contemplated hereby are, or as of the Closing Date will be, the valid
and binding obligations of GEEC USA enforceable in accordance with their respective terms subject to equitable principles generally
affecting creditor's rights;

 

		(3)	GEEC USA is or on the Closing Date will be in actual or constructive possession of all of the shares
representing the Transfer Shares. GEEC USA will deliver on or before the Closing date, good and marketable title and legal and
beneficial ownership to all of the Transfer Shares to Carens, free and clear of all Encumbrances, and any share transfer documents
will be duly executed;

 

		(4)	Schedule 2 herein is true and correct and not misleading and no change has occurred to that information
since March II, 20 II;

 

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		(5)	GEEC Asia has not incurred, and the Sale Shares are not subject to, any known, liabilities or obligations
(absolute or contingent); and

 

		(6)	there are no existing, pending or to its knowledge threatened claims, demands, suits, actions,
investigations, proceedings, governmental actions or causes of action of any kind against GEEC USA or GEEC Asia.

 

		6.2	Carens represents and warrants to GEEC USA on the date of this JVA and at the Closing Date as follows:

 

		(1)	Carens is duly organized, validly existing and in good standing under the laws of the Republic
of Singapore and has all requisite company power to enter into and perform this JVA and the other instruments and agreements contemplated
hereby; and

 

		(2)	the execution, delivery and performance by Carens of this JVA and the other instruments and agreements
contemplated hereby to be delivered by Carens have been, or will by the Closing Date be, duly authorized by all requisite corporate
action. Carens shall, on or prior to the Closing Date, deliver to GEEC USA a certified copy of the resolution by the Board of Directors
authorizing and approving the transactions contemplated herein. This JVA and the other instruments and agreements contemplated
hereby are, or as of the Closing Date will be, the valid and binding obligations of Carens enforceable in accordance with their
respective terms subject to equitable principles generally affecting creditors' rights.

 

		6.3	All statements contained herein or in any schedule, certificate or other written instrument delivered
by or on behalf of GEEC USA or Carens pursuant to this JVA, or in connection with the transactions contemplated hereby, shall be
deemed representations and warranties by GEEC USA or Carens, as the case may be.

 

		6.4	Regardless of any investigation made at any time by any Party or of any information any Party may
have in respect thereof, all representations and warranties made hereunder or pursuant hereto or in connection with the transactions
contemplated hereby shall survive the Closing Date.

 

		7	INDEMNIFICATION

 

		7.1	Each Party agrees to indemnity and hold the other harmless from, against and in respect of:

 

		(1)	any and all loss, liability, or damage sustained or incurred by such Party by reason of any untrue
representation made to it;

 

		(2)	breach of warranty or non-fulfilment of any covenant by the other Party contained herein; and

 

		(3)	any and all actions, suits, proceedings, claims, demands, assessments, judgments, out-of-pocket
cost and expenses including legal fees and expenses incident to any of the foregoing or incurred in the investigating or attempting
to avoid the same or to oppose the imposition thereof, or in enforcing this indemnity.

 

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		8	OTHER PROVISIONS

 

		8.1	Expenses. Each Party shall pay its own expenses in respect of the negotiation, preparation
and execution of this JVA including counsel, accounting fees and expenses, incidental to the preparation and carrying out of this
JVA and the consummation of the transactions contemplated herein and in the schedules and exhibits hereto.

 

		8.2	Full Effect.  Each Party must promptly at its own cost do all things (including executing
and if necessary delivering all documents) necessary or desirable to give full effect to this JVA.

 

		8.3	Assignment. A Party may not Transfer any of its rights or obligations under this
JVA without the prior written consent of the other Party, which consent shall not be unreasonably withheld or delayed.

 

		8.4	Successors Bound.  This JVA shall be binding upon and inure to the benefit of the
Parties and their respective successors and permitted assigns.

 

		8.5	Amendment. This JVA may be amended or varied only by an instrument in writing executed
by all Parties.

 

		8.6	Entire Agreement. This JVA and the exhibits, schedules, certificates, instruments,
agreements and other documents referred to herein constitute the entire agreement of the Parties pertaining to the subject hereof,
and supersede all prior understandings with respect to the subject matter hereof and thereof.

 

		8.7	Counterparts; Facsimile or Electronic Execution. This JVA may be executed in multiple
counterparts, and all counterparts so executed shall constitute one agreement, binding on all of the Parties, notwithstanding that
all the Parties are not a signatory to the original or same counterpart. This JVA may be executed by facsimile or electronic signature,
with the original signature to be provided promptly after facsimile or electronic transmission. The facsimile or electronic signature
shall be binding to the same extent as an original signature, and no party shall have a defence that the facsimile or electronic
signature was not authorized.

 

		8.8	No Waiver. The waiver or failure of any Party to exercise in any respect any right
provided in this JVA shall not be deemed a waiver of any other right or remedy to which the Party may be entitled. A Party's failure
or delay to exercise a power or right does not operate as a waiver of that power or right.

 

		8.9	Severability. If any term of this JVA is held by a court of competent jurisdiction
to be invalid or unenforceable, then this JVA, including all of the remaining terms, will remain in full force and effect as if
such invalid or unenforceable term had never been included.

 

		8.10	Third Parties. Nothing in this JVA, whether express or implied, is enforceable under
the Contracts (Rights of Third Parties) Act, by anyone who is not a party to this JVA.

 

		9	NOTICES

 

All notices, requests, consents
and other communications hereunder ("Notice") has no legal effect unless it is in writing and shall be deemed to have
been given if personally delivered or mailed, first class, registered or certified mail, postage prepaid, as follows:

 

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		9.1	In addition to any other method of service provided by law, the Notice may be:

 

		(1)	sent by prepaid ordinary post to the address for service of the addressee, if the Notice is sent
in the same country as where the addressee is situated;

 

		(2)	sent by prepaid airmail to the address for service of the addressee, if the Notice is sent from
a different country to the country where the addressee is situated;

 

		(3)	sent by facsimile to the facsimile number of the addressee;

 

		(4)	sent by email to the email address of the addressee; or

 

		(5)	delivered at the address for service of the addressee.

 

		9.2	A Notice signed by a Party or by an officer or employee of that Party stating the date on which
that Notice was sent or delivered under clause 9.I is prima facie evidence of the date on which that Notice was sent or delivered.

 

		9.3	If the Notice is sent or delivered in a manner provided by clause 9.1, it must be treated as given
to and received by the Party to which it is addressed:

 

		(1)	if sent by post from the same country as where the addressee is situated, on the 2nd Business Day
(at the address to which it is posted) after posting;

 

		(2)	if sent by post to an addressee situated in a different country to the Party posting the Notice,
on the 5th Business Day (at the address to which it is posted) after posting;

 

		(3)	if sent by facsimile or email before 5pm on a Business Day at the place of receipt, on the day
it is sent and otherwise on the next Business Day at the place of receipt; or

 

		(4)	if otherwise delivered before 5pm on a Business Day at the place of delivery, upon delivery, and
otherwise on the next Business Day at the place of delivery.

 

		9.4	Despite clause 9.3(3):

 

		(1)	a facsimile is not treated as given or received unless at the end of the transmission the sender's
facsimile machine issues a report confirming the transmission of the number of pages in the Notice;

 

		(2)	an email message is not treated as given or received if the sender's computer reports that the
message has not been delivered; and

 

		(3)	a facsimile or email message is not treated as given or received if it is not received in full
and in legible form and the addressee notifies the sender of that fact within 3 hours after the transmission ends or by 12 noon
on the Business Day on which it would otherwise be treated as given and received, whichever is later.

 

		9.5	If a Notice is served by a method which is provided by law but is not provided by clause 9.1, and
the service takes place after 5pm on a Business Day, or on a day which is not a Business Day, it must be treated as taking place
on the next Business Day.

 

    	-12-

    	 

    

 

		9.6	A Notice sent or delivered in a manner provided by clause 9.1 must be treated as validly given
to and received by the Party to which it is addressed even if:

 

		(1)	the addressee has been liquidated or deregistered or is absent from the place at which the Notice
is delivered or to which it is sent;

 

		(2)	the Notice is returned unclaimed; or

 

		(3)	in the case of a Notice sent by email, the email message is not delivered or opened (unless the
sender's computer reports that it has not been delivered).

 

		9.7	Any Notice to be sent under this JVA, including for service of process, is to be sent as follows:

 

		(1)	If to GEEC USA:

 

	Name:	Good Earth Energy Conservation, Inc
	Attention:	John Maguire
	Address :	6398 Wrens Nest Cove
	 	Springdale
	 	Arkansas 72762
	 	United States
	Facsimile no:	N/A
	Email address:	johnmagl@cox.net

 

and

 

	Attention:	James Emmons
	Address :	7513 Pebble Drive
	 	Fort Worth
	 	Texas 76118
	 	United States
	Facsimile no:	+1 (830) 336-2883
	Email address:	james.emmons@goodearthec.com

 

		(2)	If to Carens:

 

	Name:	Carens Pte Ltd
	Attention:	Ahmad Iqbal Saddique
	Address :	63 Robinson Road
	 	#03-16 Afro-Asia Building
	 	Singapore 068894
	Facsimile no:	+65 6467 9720
	Email address:	saddique@midwesternoil.com

 

		(3)	If to GEEC Asia:

 

	Name:	Good Earth Energy Conservation, Inc
	Attention:	John Maguire
	Address :	6398 Wrens Nest Cove
	 	Springdale
	 	Arkansas 72762
	 	United States
	Facsimile no:	N/A
	Email address:	johnmag1@cox.net

 

    	-13-

    	 

    

 

and

 

	Attention:	James Emmons
	Address :	7513 Pebble Drive
	 	Fort Worth
	 	Texas 76118
	 	United States
	Facsimile no:	+I (830) 336-2883
	Email address:	james.emmons@goodearthec.com and

 

	Name:	Carens Pte Ltd
	Attention:	Ahmad Iqbal Saddique 
	Address :	63 Robinson Road
	 	#03-16 Afro-Asia Building
	 	Singapore 068894
	Facsimile no:	+65 6467 9720
	Email address:	saddique@midwesternoil.com

 

		(4)	A party may change its address, facsimile number or email address by giving Notice of that change to each other Party.

 

		(5)	If the Party to which a Notice is intended to be given consists of more than one person then the
Notice must be treated as given to that Party if given to any of those persons.

 

		10	GOVERNING LAW AND JURISDICTION

 

		10.1	This JVA and any dispute or claim arising out of or in connection with it or its subject matter
shall be governed by, construed and take effect in all respects in accordance with Singapore law, without reference to the conflict
of laws provisions thereof.

 

		10.2	The courts of Singapore shall have non-exclusive jurisdiction to settle any dispute arising out
of or in connection with this JVA. The Parties agree that the courts of Singapore are the most appropriate and convenient courts
to settle any dispute and accordingly no Party will argue to the contrary and waives any objections on the grounds of venue or
forum non-conveniens or any similar grounds.

 

		10.3	Without prejudice to any other mode of service allowed under the relevant law, GEEC USA appoint
Good Earth Energy Conservation (Asia) Pte Ltd Registration No 201111808E as its agent for service of process in relation to any
proceedings before the Singapore courts in connection with this JVA and GEEC Asia accepts such appointment.

 

 

 

Signatures on following
page.

    	-14-

    	 

    

IN WITNESS WHEREOF, the
Parties hereto have caused this JVA to be signed by their duly authorized officers as of the day above written.

 

Good Earth Energy Conservation, Inc

 

 

	By:	/s/ John Maguire	 
	 	John Maguire	 
	Title:	Director/Company Secretary	 

 

 

 

The common seal of Carens
Pte Ltd 

Registration No 201108155K
was affixed

in accordance with its
constitution in the

presence of:

 

 

	By:	/s/ Ahmad Iqbal Saddique	 
	 	Ahmad Iqbal Saddique	 
	 	 	 
	Title:	Director	 

 

 

 

The common seal of Good Earth Energy 

Conservation (Asia) Pte Ltd Registration

No 201111808E was affixed in accordance

with its constitution in the presence of:

 

 

	By:	/s/ Ahmad Iqbal Saddique	 	By:	/s/ James M. Hawes	 
	 	Ahmad Iqbal Saddique	 	 	James M. Hawes	 
	 	 	 	 	 	 
	Title:	Director/Company Secretary	 	Title:	Director	 

 

 

 

    	-15-Exhibit 10.3

 

LEASE AGREEMENT

 

Made this 15th day of September, 2010, by
and between:

 

		Landlord:	RIVERBEND PROPERTIES

 

And

 

		Tenant:	GOOD EARTH ENERGY CONSERVATION, INC.

 

1.
Premises. Witnesseth: That the Landlord in consideration of the covenants and agreements set forth in this lease agreement
(this "Lease") to be performed by Tenant and upon the terms and conditions hereinafter stated does hereby lease, demise
and let unto Tenant the following described premises.

 

Approximately
7,200 square feet of office space located and described as 7513 Pebble Drive, Building 24 (the "Premises")
being a portion of the Riverbend Properties, Fort Worth, Texas 76118 (the "Project").

 

The
term of this Lease (the "Term”) shall commence on the date of this Lease (the "Lease Commencement Date'? and end
on the date which is Twelve (12) months after the Rent Commencement Date (as hereafter defined) plus any partial calendar
month following the Rent Commencement Date (the "Lease Expiration Date”). The Rent Commencement Date shall be October
10, 2010. The Delivery Date shall be the date which is the first day after Landlord notifies Tenant that the Premises are ready
for occupancy and possession by Tenant (the "Delivery Date”). The portion of the Term from the Lease Commencement Date
to the Rent Commencement Date shall be referred to herein as the "Initial Term" and the portion of the Term from the
Rent Commencement Date to the Lease Expiration Date shall be referred to herein as the "Lease Term."

 

Landlord
agrees the Delivery Date shall be on or before September 10, 2010, provided, however, the Delivery Date shall be extended
for a reasonable time to allow Landlord to complete preparation of the Leased Premises for occupancy if Landlord was prevented
from completing such preparations by events beyond the reasonable control of Landlord.

 

2. Use. The Premises
shall be used for Office/warehouse (the "Permitted Use") and for no other purpose. Tenant and its employees or agents
shall not perform any acts or carry on any practices which may injure the building or be a nuisance or menace to other tenants
in the building, or use the Premises for any business or purpose which is unlawful or violates any public or municipal ordinances.

 

3.
Rent  In consideration of this Lease, Tenant agrees to pay Landlord, without deduction or offset, the basic rent for the Premises,
at the rate of $3,200.00 per month, due and payable in advance on or before the first day of each calendar month during
the term of this Lease. Rent for any fractional month shall be prorated. All sums payable hereunder by Tenant shall be made to
Landlord at the address designated in Paragraph 34 or to such other party or address as Landlord may designate.

 

4.
Additional Rent. In addition to the basic rent payable under Paragraph 3 above, Tenant shall pay to Landlord, in the manner
and at the times set forth below, additional rent equal to Tenant's Proportionate Share of any increase in Operating Expenses.
In the event that during the Lease Term, the total Operating Expenses for any calendar year divided by the total square footage
of the rentable area of the Project exceed the Base Expense Rate, Tenant shall pay to Landlord Tenant's Proportionate Share of
such increase for the calendar year in question. If the first and last years during the Lease Term are less than full calendar
years, then Tenant's Proportionate Share of any increase in Operating Expenses shall be prorated based on the number of months
in such calendar year included within the Lease Tenn. As used herein, the following terms shall have the meanings respectively
indicated:

 

(a)         "Operating
Expenses" means all expenses, costs, charges and disbursements of every kind which Landlord shall pay or incur in connection
with the ownership, operation and maintenance of the Project (including such additional facilities hereafter placed in operation
as Landlord may consider necessary or beneficial for the operation of the Project), including, without limitation, the following:
(i) wages, salaries and fees (including management fees) of all personnel or entities engaged in the management, operation and
maintenance of the Project; (ii) all costs of operating, maintaining and repairing the Common Areas; (iii) all supplies, tools,
equipment and materials used in the operation and maintenance of the Project; (iv) all maintenance, janitorial and service agreements
for the Project and the equipment therein; (v) all insurance related to the Project; (vi) all taxes, assessments and other governmental
charges assessed against or attributable to the Project or its operation, exclusive of any income or profit taxes which may be
assessed against Landlord; (vii) all repairs and general maintenance on or of the Project; (viii) all utilities for the Project;
(ix) all costs incurred by Landlord in connection with any change of any company providing electricity service, including, without
limitation, maintenance, repair, installation and service costs associated therewith; and (x) amortization of capital items which
in Landlord's reasonable judgment will reduce Operating Expenses or enhance the Project or which may be required by any governmental
authority.

 

    	-1-

    	 

    

 

(b)         
The "Base Expense Rate" means $1.46 per square foot.

 

(c)         "Tenant's
Proportionate Share" means a fraction, the numerator of which is the square footage of the Premises and the denominator of
which is the total rentable area of the Project.

 

At any time and from time
to time during the Lease Term, Landlord may, by giving notice to Tenant, increase the basic rent per month payable by Tenant under
Paragraph 3 above to include Tenant's Proportionate Share of Operating Expenses in excess of the Base Expense Rate, as estimated
by Landlord in its reasonable judgment. Tenant shall begin paying the estimated amount together with the next monthly payment of
basic rent due after receipt by Tenant of Landlord's notice.

 

On
or before April I of each year, Landlord will prepare and deliver to Tenant a statement including (i) the previous calendar year's
Operating Expenses, (ii) Tenant's Proportionate Share of any increase in Operating Expenses over the Base Expense Rate for the
prior calendar year, and (iii) the net amount due Landlord or, if Tenant has made estimated payments of additional rent pursuant
to the preceding paragraph, any amount due to be reimbursed to Tenant or credited against the next rental or other payments due
from Tenant. Within thirty (30) days after receipt of such statement, Tenant shall pay to Landlord any additional rent payable
by Tenant as reflected therein.

 

If
the Lease Term expires or this Lease terminates before a final determination of Tenant's actual Proportionate Share of Operating
Expenses has been made, then the amount of any increase in Operating Expenses over the Base Expense Rate payable for the preceding
calendar year or the final partial year of the Lease Term will be estimated by Landlord based on the best data available to Landlord
at the time of the estimate. Prior to the Lease Expiration Date, or as soon as possible after an earlier termination date, an adjustment
will be made between Landlord and Tenant regarding any additional rent payable by Tenant under this Lease. All obligations set
forth in this Paragraph 4 shall survive expiration or earlier termination of this Lease.

 

5.
Possession. Tenant acknowledges that Tenant has fully inspected the Premises, and on the basis of such inspection, Tenant hereby
accepts the Premises, and the buildings and improvements situated thereon, as suitable for the purpose for which they are leased
in their present condition with such changes therein as may be caused by reasonable deterioration between the date hereof and the
Lease Commencement Date; provided that in the event any presently installed plumbing, plumbing fixtures, electrical wiring, lighting
fixtures, or air conditioning and heating equipment are not in good working condition on the Lease Commencement Date, Landlord
agrees to repair promptly any such defects of which Tenant delivers written notice to Landlord within thirty (30) days after the
Lease Commencement Date.

 

6.
Prior Tenancy.  To the extent Tenant has been a prior tenant of the Project, execution of this Lease creates a new tenancy
relationship between Landlord and Tenant and shall not be considered or interpreted to be a renewal of any prior contracts, leases
or agreements between Tenant and Landlord or Landlord's predecessors-in-interest. As additional consideration for entering into
this Lease, Tenant hereby waives any and all claims which Tenant has or may have against Landlord or Landlord's predecessors-in-interest
arising out of any prior contracts, leases or agreements or resulting from any tenancy of the Project under any such prior contracts,
leases or agreements.

 

7. Maintenance.

 

7.1
Landlord's Maintenance Obligations. Landlord shall at all times keep the root; foundation, exterior walls (excluding all windows
and doors) and underground pipes and all other outside plumbing connections of the improvements situated on the Premises in good
repair. Landlord shall not be obligated to make any repairs under this Paragraph 7.1 until a reasonable time after receipt of written
notice from Tenant of the need of such repairs. Landlord's liability hereunder shall be limited to the cost of such repairs or
corrections. Tenant waives the benefit of any present or future law, which might give Tenant the right to repair the Premises at
Landlord's expense or to terminate the Lease because of the condition of the Premises. Landlord and Tenant expressly agree that
repair, maintenance and other services to be performed by Landlord or Landlord's agents exclusively consists of the exercise of
professional judgment by such service providers, and Tenant expressly waives any claims for breach of warranty arising from the
performance of such services.

 

7.2
Tenant's Maintenance Obligations. Tenant shall keep the building and other improvements located on the Premises in good condition
and shall make all necessary repairs (except those expressly required to be made by the Landlord) including but not limited to
repairs to all glass windows, doors, plumbing work, pipes and fixtures, the interior of the building, paved areas exclusively used
by Tenant and other exterior improvements. Tenant shall also be responsible for the maintenance of air conditioning, plumbing fixtures
and heating equipment or components thereof and insect/animal eradication located on or serves the Premises. Tenant will also be
obligated to regularly maintain, service and repair air conditioning and heating equipment. Tenant shall promptly repair any damage
caused by Tenant's negligence or default thereunder, or negligence of Tenant's invitees, employees or customers. In the event Tenant
should fail to maintain the Premises as herein required, Landlord shall have the right to cause repairs or corrections to be made
and any reasonable costs therefore shall be payable by Tenant as additional rental on the next rental installment date.

 

    	-2-

    	 

    

 

7.3
HVAC Warranty and Maintenance. Landlord agrees to warrant and repair the heating, ventilating, and air conditioning (HVAC)
units during the initial six (6) months of the Lease Term, provided:

 

(a)         Tenant must contract with a qualified and properly insured HVAC contractor to have the HVAC units serviced at a minimum of one
(1) time every three (3) months. Such service shall include, but not be limited to, cleaning of the coil and condenser of each
unit, checking the electrical connections, oil or refrigerant leaks, safety devices, blower belt wear, tension and alignment, expansion
valve and coil temperature, and condensate drain, and the lubrication and addition of freon. Tenant must change filter(s) on a
monthly basis. Failure by Tenant to properly maintain HVAC units including monthly filter changes will void Landlord's warranty.

 

(b)         Tenant shall provide a copy of such service contract before the expiration of Landlord's warranty period described above and on
each anniversary date of the Lease thereafter.

 

7.4
Condition Upon Termination. Upon the termination of this Lease, Tenant shall surrender the Premises to Landlord, broom clean
and in the same condition as received, except for ordinary wear and tear which Tenant was not otherwise obligated to remedy under
any provision of this Lease. Upon termination, Tenant shall deliver to Landlord all keys to the Premises. The costs of any repairs
necessary to restore the Premises to the condition in which the Premises are required to be surrendered to Landlord shall be borne
solely by Tenant. All alterations, additions or improvements made in or upon the Premises either by Landlord or Tenant, shall be
Landlord's property on termination of this Lease and shall remain on the Premises. All furniture, movable trade fixtures and equipment
installed by Tenant may be removed by Tenant at the termination of this Lease, provided Tenant is not in default under this Lease
at the time of such removal, and shall be so removed if required by Landlord. All such removals and restoration shall be accomplished
in a good workmanlike manner so as not to damage the primary structure or structural qualities of the building and other improvements
situated on the Premises.

 

8. Utilities

 

8.1
General. Landlord covenants that the Premises are served by water, sewer, electrical and gas utilities but Tenant shall pay
all utility use and connection charges, if any, and all charges incurred for any utilities used on the Premises. Landlord may,
at Landlord's sole discretion, provide one or more utility services to the Premises, in which case Tenant agrees to pay to Landlord
its pro rata share of the costs of such utilities services. Tenant shall furnish all electrical light bulbs and tubes. Landlord's
failure to any extent to furnish or any stoppage or interruption of these utilities resulting from any cause shall not render Landlord
liable in any respect for damages to either person or property nor relieve Tenant from the fulfillment of any covenant r agreement
hereof.

 

8.2
Trash Removal. Tenant shall provide for removal of Tenant's waste and trash in a commercially reasonable manner and shall provide
all trash receptacles and dumpsters in sufficient amount and capacity to handle Tenant's waste, trash and disposals. If Tenant
fails to have Tenant's waste and trash removed in a commercially reasonable manner, Landlord after forty-eight (48) hours written
notice to Tenant, may cause said waste and trash to be removed. If/Landlord causes Tenant's waste and trash to be removed from
the Property, Tenant shall pay a trash fee, for each such incident, in an amount which shall be the greater of Fifty Dollars ($50.00)
or the Landlord's cost of having any such trash collected and removed from the Property. If the trash fee is not paid within five
(5) days following delivery of an invoice to Tenant for such trash removal or if Tenant fails to provide adequate trash receptacles
for its Premises, Tenant shall be deemed in default of the terms of this Lease.

 

8.3
Utility Deregulation. Landlord has advised Tenant that presently Texas Utilities ("Electric Service Provider") is
the utility company selected by Landlord to provide electricity service for the Project. Notwithstanding the foregoing, if permitted
by applicable law, Landlord shall have the right at any time and from time to time during the Lease Term to either contract for
service from a different company or companies providing electricity service (each such company shall hereinafter be referred to
as an "Alternate Service Provider") or continue to contract for service from the Electric Service Provider. Tenant shall
cooperate with Landlord, the Electric Service Provider, and any Alternate Service Provider at all times and, as reasonably necessary,
shall allow Landlord, Electric Service Provider, and any Alternate Service Provider reasonable access to the Project's electric
lines, feeders, risers, wiring, and any other machinery within the Premises. Landlord shall in no way be liable or responsible
for any loss, damage, or expense that Tenant may sustain or incur by reason of any change, failure, interference, disruption, or
defect in the supply or character of the electric energy furnished to the Premises, or if the quantity or character of the electric
energy supplied by the Electric Service Provider or any Alternative Service Provider is no longer available or suitable for Tenant's
requirements, and no such change, failure, defect, unavailability, or unsuitability shall constitute an actual or constructive
eviction, in whole or in part, or entitle Tenant to any abatement or diminution of rent, or relieve Tenant from any of its obligations
under this Lease.

 

    	-3-

    	 

    

 

9.
Leasehold Improvements. Landlord agrees to install at Landlord's cost and expense the improvements described in Exhibit "A"
attached hereto. Except as expressly set forth in Exhibit "A" attached hereto, and except for Landlord's agreement to
repair the items described in Paragraph 7.1 above, the Premises are delivered to Tenant and are being leased "AS IS"
and "WITH ALL FAULTS," and Landlord makes no representation or warranty of any kind, expressed or implied, with respect
to the condition of the Premises. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, LANDLORD HEREBY DISCLAIMS, AND TENANT WAIVES
THE BENEFIT OF, ANY AND ALL IMPLIED WARRANTIES, INCLUDING IMPLIED WARRANTIES OF HABITABILITY, FITNESS OR SUITABILITY FOR PURPOSE,
OR THAT THE BUILDING OR THE IMPROVEMENTS ON THE PREMISES HAVE BEEN CONSTRUCTED IN A GOOD AND WORKMANLIKE MANNER. TENANT EXPRESSLY
ACKNOWLEDGES THAT LANDLORD DID NOT CONSTRUCT OR APPROVE THE QUALITY OF CONSTRUCTION OF THE BUILDING.

 

10.
Signs. Tenant shall have the right to install signs upon the exterior of said building only when first approved in writing
by Landlord in its sole discretion and subject also to any applicable governmental laws, ordinances, regulations, requirements
and in accordance with Exhibit "C", Sign Specifications. Tenant shall remove all signs at the termination of this Lease.
Such installations and removals shall be made in such manner as to avoid injury, defacement of the building or other improvements.
The cost of repair of any damage to the Premises or building caused by the installation or removal of signs shall be borne by Tenant.

 

11.
Alterations. Tenant will not make or allow to be made any alterations or physical additions in or to the Premises without the
prior written consent of Landlord, which consent shall not be unreasonably withheld as to non-structural alterations. Tenant shall
fully comply with all applicable governmental laws, ordinances, codes, and regulations with respect to any alterations or additions
made by Tenant.

 

Neither
Tenant nor anyone holding possession of the Premises through Tenant, has authority, express or implied, to create or place any
lien or encumbrance of any kind or nature whatsoever upon, or in any manner to bind the interest of Landlord in the Premises, including
those who may furnish materials or perform labor for any construction or repairs at the request of Tenant. Tenant covenants and
agrees that it will pay or cause to be paid all sums legally performed on the Premises and that it will save and hold harmless
Landlord from any and all loss, cost or expense based on or arising out of asserted claims or liens against the Premises or against
the right, title and interest of Landlord therein. Tenant shall immediately provide Landlord with written notice of the placing
of any lien or encumbrance against the Premises. If a mechanics lien or other similar lien is recorded against the Premises or
the Project as a result of Tenant's failure to pay for any work provided to Tenant at the Property, Tenant shall within ten (10)
days following recordation of any such lien cause that lien be removed from the Property, regardless of the merits of any disputes
between Tenant and lienholder.

 

12.
Damage to Premises. In case of damage by fire or other insured casualty to the Premises, Tenant shall give immediate notice
to the Landlord who shall thereupon cause the damage to be repaired forthwith, and allow the Tenant a fair abatement of diminution
of rental in proportion to the extent to which the Premises are untenable; but if the Premises or the building of which the Premises
are a part, shall be deemed by Landlord, in Landlord's sole opinion, to be so damaged as to be unfit for occupancy, or if the Landlord
shall decide to not rebuild, this Lease shall terminate and Tenant shall only be liable for rent and other monetary obligations
under this Lease to the time of the fire or the casualty. Notwithstanding the foregoing, if the damage to the Premises or any portion
of the Project shall be caused by the willful or negligent acts of Tenant, or its employees, agents or invitees, Tenant shall not
be entitled to any rent abatement or other relief and shall immediately cause all such damage to be repaired forthwith at Tenant's
sole expense.

 

13.
Indemnity. Landlord shall not be liable to Tenant or to Tenant's employees, customers, invitees or visitors, for any injury
or damage to person or property caused by any act, omission or neglect of Tenant or Tenant's employees, customers, invitees or
visitors or any other tenant of the Project (or caused by the building and improvements located on the Premises becoming out of
repair) or due to any other cause whatsoever, other than as a result of Landlord's negligence or willful misconduct and Tenant
agrees to indemnify and hold Landlord free and harmless from any loss, expense or claims arising out of such injury or damage to
any person or property caused by Tenant, customers, invitees, visitors.

 

14.
Common Areas. The use and occupation by Tenant of the Premises shall include the use, in common with others entitled thereto,
of the common areas, parking areas, access roads, service roads, loading facilities, sidewalks, and other facilities as may be
designated from time to time by Landlord, subject, however, to the terms and conditions of this Lease and to reasonable rules and
regulations for the use thereof as prescribed from time to time by Landlord.

 

    	-4-

    	 

    

 

All common areas described
above shall at all times be subject to the exclusive control and management of Landlord, and Landlord shall have the right from
time to time to establish, modify and enforce reasonable rules and regulations with respect to the Common Areas. Attached hereto
as Exhibit "B" are the Rules and Regulations effective as of the date of this Lease.

 

15.
Insurance. Landlord shall, at all times during the term of this Lease maintain a policy or policies of insurance issued by
and binding upon an insurance company, insuring the building of which the Premises are a part against loss or damage by fire or
other hazards and contingencies as Landlord determines in its sole opinion or as Landlord's mortgagees may require. Tenant shall
not keep anything upon the Premises or do anything in or about the Premises, which will increase the rates for fire and standard
extended coverage insurance upon the Project or any portion thereof Tenant agrees to pay on demand any increase in insurance premiums
caused by or attributable to Tenant's tenancy at the Premises.

 

Tenant
shall procure and maintain throughout the term of this Lease a policy of insurance, at its sole cost and expense, insuring Landlord,
Landlord's Managing Agent and Tenant against all claims, demands or actions arising out of or in connection with Tenant's use or
occupancy of the Premises, or by the condition of the Premises, the limits of such policy or policies to be in an amount not less
than $1,000,000 in respect to injuries to or death of any person, and in an amount not less than $1,000,000 in respect to property
damaged or destroyed, and to be written by insurance companies satisfactory to Landlord. Tenant shall obtain a written obligation
on the part of each insurance company to notify Landlord at least thirty (30) days prior to cancellation of such insurance. Tenant
shall also maintain its own insurance on Tenant’s merchandise, equipment, and possessions in or about the Premises. Any insurance
coverage maintained by Landlord shall insure Landlord's property only and will not insure Tenant's property, trade fixtures, or
merchandise on the Premises in the event of damage however caused.

 

16. Taxes.

 

16.1
Real Estate Taxes. Landlord shall pay all real estate taxes assessed against the Premises and the Project during the Lease
Term.

 

16.2
Personal Property Taxes. Tenant shall pay all taxes assessed against trade fixtures, furnishings, equipment, or any other personal
property belonging to Tenant. Tenant shall use reasonable efforts to have its personal property taxed separately from the Premises,
but if any of Tenant's personal property is taxed with the Premises, Tenant shall pay the taxes for the personal property within
fifteen (15) days after Tenant receives a written statement for such personal property taxes.

 

17.
Relocation of Tenant. Landlord retains the right to relocate Tenant into such other space, on any floor within the Building,
as Landlord may deem advisable or necessary provided that such space is of similar size to the Lease Premises. Such relocation
shall be completed within sixty (60) days from Landlord's written notification to Tenant. If such a relocation is made hereunder,
Tenant agrees to execute, upon the request of Landlord, any amendment to the Lease redescribing the Leases Premises, but all other
terms, covenants and conditions of this Lease shall remain in full force and effect. Landlord shall pay all reasonable moving costs
incurred by Tenant in connection with such move.

 

18.
Waiver of Subrogation. The parties release each other, and their respective authorized representatives, from any claims for
damage to any person or to the Premises and the Project, and to the fixtures, personal property, tenant improvements, and alterations
of either Landlord or Tenant in or upon the Premises and the Project which are caused by or result from any of the perils to be
insured against as required by Paragraph 15 of this Lease as long as such policies of insurance are in force at the time of any
such damage or afford coverage for such damages, but only to the extent that such loss or damage is recoverable under such insurance
policies. Each party hereby agrees immediately to give to each of its insurance companies which have issued policies required under
this Lease written notice of the terms of such mutual waivers and to cause such insurance policy to be properly endorsed, if necessary,
to prevent the invalidation of such insurance coverages by reason of such waivers.

 

19.
Assignment. Tenant shall not assign this Lease and shall not sublet or underlet the Premises, or any part thereof, without
the prior written consent of Landlord, which consent Landlord agrees will not be unreasonably withheld. Notwithstanding the foregoing,
no assignment or subletting, whether consented to or not, shall release Tenant from any obligations or liability hereunder. If
an event of default occurs and the Premises or any part thereof are assigned or sublet, then Landlord, in addition to any other
remedies herein provided, or provided by law, may collect directly from any such sublessee or assignee all rents payable to Tenant
and apply such rent against any sums due Landlord under this Lease. No such collection shall be construed to constitute a novation
or a release of Tenant from the further performance of Tenant's obligations hereunder. Landlord's consent to any one sublease or
assignment shall not be deemed approval of any other sublease or assignment. If Tenant is not a natural person and there occurs
a change in ownership of a majority of the ownership interest of Tenant, then such change in ownership interest shall be deemed
an assignment of this Lease by Tenant and therefore subject in all respects to this Paragraph 19; provided, however, this provision
shall not apply if at the time of the execution 'of this Lease such ownership interests of Tenant are listed on a recognized security
exchange or over-the-counter market.

 

    	-5-

    	 

    

 

20. Default of Tenant.
 Each of the following events shall be an event of default under this Lease:

 

(a)    
     Failure of Tenant to pay any installment of rent or other sum payable to Landlord hereunder on
the date that same is due and such failure shall continue for a period often (10) days;

 

(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 such failure shall not be cured within twenty (20) days after written notice
thereof to Tenant;

 

(c)
         Tenant or any guarantor of Tenant's obligations hereunder shall commence 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;

 

(d)
         Any case, proceeding or other action against Tenant or any guarantor of Tenant's obligations hereunder shall be commenced 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 (i) fails to obtain a dismissal of such case, proceeding, or other action within sixty (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 which is not fully stayed within seven (7) business days after the entry thereof; and

 

(e)
         Abandonment by Tenant of any substantial portion of the Premises or cessation of the use of the Premises for the purpose leased.

 

21. Landlord's Remedies.
Upon the occurrence of any of the events of default listed in Paragraph 20, Landlord shall have the option to pursue any one or
more of the following remedies without any prior notice or demand whatsoever:

 

(a)
         Terminate this Lease, in which event Tenant shall immediately surrender the Premises to Landlord. If Tenant fails to so ender the
Premises, Landlord m y, without prejudice to any other remedy which it may have for possession of the Premises or arrearages in
rent, enter upon and take possession of the Premises and expel or remove Tenant and any other person who may be occupying the Premises
or any part thereof without being liable for prosecution or any claim for damages therefor. Tenant shall pay to Landlord on demand
the amount of all loss and damage which Landlord may suffer by reason of such termination, whether through inability to relet the
Premises on satisfactory terms or otherwise.

 

(b)
         Enter upon and take possession of the Premises, without terminating this Lease and without being liable for prosecution or for
any claim for damages therefor, and expel or remove Tenant and any other person who may be occupying the Premises or any part thereof
Landlord may relet the Premises and receive the rent therefor. 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 such deficiency, leasing commissions,
attorneys' fees, remodeling expenses and other costs of reletting shall be subtracted from the amount of rent received under such
reletting.

 

(c)
         Enter upon the Premises, without terminating this Lease and without being liable for prosecution or for any claim for damages
therefor, and do whatever Tenant is obligated to do under the terms of this Lease. Tenant agrees to pay Landlord on demand for
expenses which Landlord may incur in thus effecting compliance with Tenant's obligations under this Lease, together with interest
thereon at the rate of twelve percent (12%) per annum from the date expended until paid. Landlord shall not be liable for any damages
resulting to Tenant from such action, whether caused by negligence of Landlord or otherwise.

 

(d)
         In addition to the foregoing remedies, Landlord shall have the right to change or modify the locks on the Premises in the event
Tenant fails to pay any rent when due hereunder. Landlord shall 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 which is delinquent. Tenant agrees that Landlord
shall not be liable for any damages resulting to Tenant from the lockout.

 

    	-6-

    	 

    

 

(e)
         No re-entry or taking possession of the Premises by Landlord shall be construed as an election to terminate this Lease, unless
a written notice of such intention is given to Tenant. Notwithstanding any such reletting or re-entry or taking possession, Landlord
may, at any time thereafter, elect to terminate this Lease for a previous default. Pursuit of any of the foregoing remedies shall
not preclude pursuit of any of the other remedies provided by law, nor shall pursuit of any remedy herein provided constitute a
forfeiture or waiver of any monthly installment of rent due to Landlord hereunder or of any damages accruing to Landlord by reason
of the violation of any of the terms, provisions and covenants herein contained. Forbearance by Landlord to enforce one or more
of the remedies herein provided upon an event of default shall not be deemed or construed to constitute a waiver of any other violation
or default. The loss or damage that Landlord may suffer by reason of termination of this Lease or the deficiency from any reletting
as provided for above shall include the expense of repossession and any repairs or remodeling undertaken by Landlord following
possession. Should Landlord terminate this Lease at any time for any default, in addition to any other remedy Landlord may have,
Landlord may recover from Tenant all damages Landlord may incur by reason of such default, including the cost of recovering the
Premises and the cost of the rental then remaining unpaid.

 

22.
Tenant's Remedies/Limitation of Liability.  Landlord shall not be in default hereunder and Tenant shall not have any remedy
or cause of action unless Landlord fails to perform any of its obligations hereunder within thirty (30) days after written notice
from Tenant specifying such failure (unless such performance will, due to the nature of the obligation, require a period of time
in excess of thirty (30) days, then after such period of time as is reasonably necessary). All obligations of Landlord hereunder
shall be construed as covenants, not conditions; and, except as may be otherwise expressly provided in this Lease, Tenant may not
terminate this Lease for breach of Landlord's obligations hereunder. All obligations of Landlord under this Lease will be binding
upon Landlord only during Landlord's period of ownership of the Premises and not thereafter. The term "Landlord" in this
Lease shall mean only the owner, for the time being of the Premises, and in the event of the transfer by such owner of its interest
in the Premises, such owner shall thereupon be released and discharged for all obligations of Landlord thereafter accruing, but
such obligations shall be binding during the Lease Term upon each new owner for the duration of such owner's ownership. Any liability
of Landlord under this Lease shall be limited solely to its interest in the Project, and in no event shall any personal liability
be asserted against Landlord in connection with this Lease nor shall any recourse be to any other property or assets of Landlord.

 

23. Landlord's Lien.
In addition to the statutory landlord's lien, Landlord shall have at all times a valid security interest to secure payment of all
rent and other sums of money becoming due hereunder from Tenant, and to secure payment of any damages or loss which Landlord may
suffer by reason of the breach by Tenant of any covenant, agreement or condition contained herein, upon all goods, wares, equipment,
fixtures, furniture, improvements and other personal property of Tenant presently, or which may hereafter be, situated on the Premises,
and all proceeds therefrom, and such property shall not be removed therefrom without the consent of Landlord until all arrangements
in rent as well as any and all other sums of money then due to Landlord hereunder shall first have been paid and discharged and
all the covenants, agreements and conditions hereof have been fully complied with and performed by Tenant. Upon the occurrence
of an event of default by Tenant, Landlord may in addition to any other remedies provided herein or under the Uniform Commercial
Code as adopted by the state in which the Premises are located (including without limitation Texas section 9.505(b) or its equivalent),
enter upon the Premises and take possession of any and all goods, wares, equipment, fixtures, furniture, improvements and other
personal property of Tenant situated on the Premises, without liability for trespass or conversion, and sell the same at public
or private sale, with or without having such property at the sale, after giving Tenant reasonable notice of the time and place
of any public sale or of the time after which any private sale is to be made, at which sale the Landlord or its assigns may purchase
unless otherwise prohibited by law. Unless otherwise provided by law, and without intending to exclude any other manner of giving
Tenant reasonable notice, the requirement of reasonable notice shall be met if such notice is given in the manner prescribed in
this Lease at least ten (10) days before the time of sale. Any sale made pursuant to the provisions of this paragraph shall be
deemed to have been a public sale conducted in a commercially reasonable manner if held in the above described 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 in which the Premises are located for five consecutive days before
the date of the sale. The proceeds from any such disposition, less any and all expenses connected with the taking of possession,
holding and selling of the property (including reasonable attorney's fees and legal expenses), shall be applied as a credit against
the indebtedness secured by the security granted in this paragraph. Any surplus shall be paid to Tenant or as otherwise required
by law. The Tenant shall pay any deficiencies forthwith upon request or demand by Landlord. Tenant agrees to execute and deliver
to Landlord a financing statement in form sufficient to perfect the security interest of Landlord in the aforementioned property
and proceeds thereof under the provisions of the Uniform Commercial Code in force in the state in which the Premises are located.
The statutory lien for rent is not hereby waived, the security interest herein granted being in addition and supplementary thereto.

 

    	-7-

    	 

    

 

24. Condemnation

 

24.1
Interest of Parties. If all or a substantial part of the Premises are taken for any public or quasi-public use under governmental
law, ordinance or regulations, or by right of eminent domain, or by purchase in lieu thereof, and the taking prevents or materially
interferes with the use of the Premises for the purpose of which they were leased to Tenant, this Lease shall terminate and the
rent shall be abated during the unexpired portion of this Lease, effective on the date of such taking. If less than a substantial
part of the Premises are taken for any public or quasi-public use under governmental law, ordinance or regulations, or by right
of eminent domain, or by purchase in lieu thereof, this Lease shall not terminate, but the rent payable hereunder during the unexpired
portion of this Lease shall be reduced to such extent as may be fair and reasonable under all of the circumstances. All compensation
awarded in connection with or as a result of any of the foregoing proceedings shall be the property of Landlord and Tenant hereby
assigns any interest in such award to Landlord. All compensation awarded in connection with or as a result of any of the foregoing
proceedings shall be the sole property of Landlord and Tenant hereby assigns any interest in such award to Landlord.

 

24.2
Voluntary Conveyance. Nothing in Paragraph 24.1 above prohibits Landlord from voluntarily conveying all or part of the Premises
to a public utility, agency or authority under threat of a taking under the power of eminent domain. Any such voluntary conveyance
shall be treated as a taking within the meaning of this Article.

 

25.
Holding Over. In the event Tenant holds over after the expiration of this Lease, it shall be deemed to be occupying said Premises
as a tenant from month-to-month, subject to all of the conditions, provisions, and obligations of this Lease insofar as the same
are applicable to a month-to-month tenancy except that monthly rental shall be 1500/o of the last monthly rental payment due before
the ending date of this Lease. This provision shall not be construed as an extension of this Lease but is to define any holding
over, with or without the consent of the Landlord.

 

26. Access. Landlord
or its representatives shall have the right to enter into and upon the Premises at reasonable hours to inspect, clean, make repairs
or alterations as Landlord may deem necessary.

 

27. Outside Storage.
No outside storage shall be permitted except by written agreement between Tenant and Landlord.

 

28. Late Payments.
A penalty charge shall be applied to all monthly rental payments which have not been received by Landlord on or before the 10m
of each month. An additional penalty charge shall be applied to monthly rental payments which have not been receive by Landlord
on or before the 20th of such month. If paying by check $25.00 return check fee will be charged on all returned checks. If this
occurs more than two (2) times, Tenant must make monthly rental payments for the remainder of the Lease term by cashier's check
or money order.

 

29.
Brokers. Landlord or its assignees agree to pay DFW Lee & Associates, L.P. a Texas limited partnership for negotiating
this Lease, the leasing fee that has been previously negotiated. No other agents or brokers are involved. Except for commissions
payable to the brokers identified above for which Landlord has agreed in writing to pay, Landlord and Tenant hereby indemnify each
other, and shall hold each other harmless from and against, all liabilities arising from any claim for a broker's or leasing agent's
commission.

 

30.
Security Deposit. Upon execution hereof; Tenant shall deposit with Landlord the amount of$ 3.200.00 to be held by Landlord,
without interest, as a security deposit. In the event Tenant has performed all of the terms and conditions of this Lease throughout
the term, upon Tenant vacating the Premises, the security deposit shall be returned to Tenant after deducting any sums which might
be owing to Landlord. Landlord may apply all or part of the security deposit to any unpaid rent or other charges due from Tenant
or to cure any other defaults of Tenant. Landlord shall 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. If Tenant is in default of this Lease more than two
(2) times within any twelve-month period, irrespective of whether or not such default is cured, then, without limiting Landlord's
other rights and remedies provided for in this Lease or at law or equity, the security deposit shall automatically be increased
by an amount equal to the greater of (a) three (3) times the original security deposit, or (b) three (3) months' basic rent (as
set forth in Paragraph 3 hereof), which shall be paid by Tenant to Landlord forthwith on demand.

 

31.
Compliance with Laws. Tenant, at its expense. shall comply with all environmental, air quality, zoning, planning, building,
health, labor, discrimination, fire, safety and other governmental or regulatory laws, ordinances, codes and other requirements
applicable to the Premises or pertaining to Tenant's use of and activities on the Premises, including, without limitation, the
Americans with Disabilities Act of 1990 (collectively, the "Building Laws"). Prior to occupancy, Tenant shall obtain
certificates as may be required or customary evidencing compliance with all building codes and permits and approval of full occupancy
of the Premises and of all installations therein. Tenant shall cause the Premises to be continuously in compliance with all Building
Laws (as they may be amended from time to time).

 

    	-8-

    	 

    

 

Tenant
agrees to defend, indemnify, and hold Landlord harmless from and against all liability threatened against or suffered by Landlord
due to a breach by Tenant of its obligations and covenants set forth in the preceding paragraph. The foregoing indemnity shall
include the cost of all alterations to the Premises, all fines, fees, and penalties, and all legal and other expenses (including
reasonable attorneys' fees) incurred by Landlord because of Tenant's breach of such obligations and covenants.

 

32.
Hazardous Material. Tenant shall not cause or permit any Hazardous Material to be brought upon, kept or used in or about the
Premises or the Project by Tenant, its agents, employees, contractors or invitees without the express written consent of Landlord.
If the presence of Hazardous Material on the Premises or the Project caused or permitted by Tenant results in contamination of
the Premises or the Project, or if contamination of the Premises or the Project by Hazardous Material otherwise occurs for which
Tenant is responsible, 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 Project, damages for the loss or
restriction of use of rentable or usable space or any amenity of the Project or damages arising from any adverse impact on the
marketing of space, and sums paid in settlement of claims, attorney's fees, consultant fees and expert fees) which arise during
or after the Lease Term as a result of such contamination.

 

This
indemnification includes, without limitation, costs incurred in connection with any investigation of on-site conditions or any
clean up, remedial, removal or restoration work required by any federal, state or local government agency or political subdivision
because of Hazardous Material present in the soil or ground water on or under the Project. Without limiting the foregoing, if the
presence of any Hazardous Material on the Project caused or permitted by Tenant results in any contamination of the Project, Tenant
shall promptly take all actions at its sole expense as are necessary to return the Project to the condition existing prior to the
introduction of any such Hazardous Material to the Project, provided that Landlord's approval of such action shall first be obtained
with respect to actions required by Tenant, Landlord's approval not to be unreasonably withheld. The foregoing indemnity shall
survive the expiration or earlier termination of the Lease.

 

As
used herein, "Hazardous Material" means any element, compound, mixture, solution, particle or substance which presents
danger or potential danger for damage or injury to health, welfare or to the environment and shall include, but shall not be limited
to any pollutant, toxic substance, hazardous waste, hazardous material, hazardous substance, or oil as defined in or pursuant to:
(a) the Resource Conservation and Recovery Act, as amended; (b) the Comprehensive Environmental Response, Compensation and Liability
Act of 1980, as amended, the Federal Clean Water Act, as amended; (c) any other chemical, material or substance (i) which is regulated
as a "toxic substance" (as defined by the Toxic Substance Control Act, 15 U.S.C. Sec. 2601 et seq., as amended); or (ii) which
is a "hazardous waste" (as defined by the Resource Conservation and Recovery Act, 42 U.S.C. Sec. 6901 et seq., as amended);
or (iii) which is a "hazardous substance" (as defined by the Comprehensive Environment Response, Compensation and Liability
Act of 1980 ("CERCLA"), 42 U.S.C. Sec. 9601 et seq., as amended); (d) those substances which are inherently or potentially
radioactive, explosive, ignitable, corrosive, reactive, carcinogenic or toxic; (e) those substances which have been recognized
as dangerous or potentially dangerous to health, welfare or to the environment by any federal, state, municipal, county or other
governmental or quasi-governmental authority and/or any department or agency thereof or which are the subject of any other federal,
state or local environmental law, regulation, ordinance, rule or bylaw, whether existing as of the date hereof, previously enforced
or subsequently enacted, including but not limited to: (i) polychlorinated byphenyls ("PCBs") or "PCB items"
(as defined in 40 C.F.R. Sec. 761.3) or any equipment which contains PCBs; (ii) any asbestos or asbestos-containing materials;
(iii) stored, leaked or spill petroleum products; or (iv) exposure to which is prohibited, limited or regulated by any federal,
state, county, regional, local or other governmental statute, regulation, ordinance or authority of which, even if not so regulated,
may or could pose a hazard to the health and safety of the Tenant, Landlord and the occupants of or invitees to the Premises. The
term Hazardous Material does not include reasonable amounts of common janitorial/cleaning supplies kept on and/or used in the Premises
for cleaning of the Premises.

 

33.
Subordination. Tenant accepts this Lease subject and subordinate to any mortgage, deed of trust or other lien presently existing
or hereafter arising upon the Premises, or upon the Project and to any renewals, refinancing and extensions thereof Tenant agrees
that any such mortgagee shall have the right at any time to subordinate such mortgage, deed of trust or other lien of this Lease
on such term and subject to such conditions as such mortgagee may deem appropriate in its discretion. Landlord is hereby irrevocably
vested with full power and authority to subordinate this Lease to any mortgage, deed of trust or other lien now existing or hereafter
placed upon the Premises, or the Project as a whole and Tenant agrees upon demand to execute such further instruments subordinating
this Lease or attorning to the holder of any such liens as Landlord may request. The terms of this Lease are subject to approval
by the Landlord's lender(s), and such approval is a condition precedent to Landlord's obligations hereunder. In the event that
Tenant should fail to execute any subordination or other agreement required by this paragraph, promptly as requested, Tenant hereby
irrevocably constitutes Landlord as its attorney in fact to execute such instrument in Tenant's name, place and stead, it being
agreed that such power is not coupled with an interest. Tenant agrees that it will from time to time upon request by Landlord execute
and deliver to such persons as Landlord shall request a statement in recordable form certifying that this Lease is unmodified (or
if modified, the terms of such modification) and in full force and effect, stating the dates to which rent and other charges payable
under this Lease have been paid, stating that Landlord is not in default hereunder (or, if Landlord is claimed to be in default,
stating why) and further state such other matters as Landlord shall reasonably require.

 

    	-9-

    	 

    

 

34. Notices. All
rents and any notices required to be delivered hereunder shall be mailed to the following addresses (rent shall be delivered to
Landlord's first address below):

 

		Landlord:	Riverbend Properties

2501 Gravel Drive

Fort Worth, Texas 76118

 

		Tenant:	Good Earth Energy Conservation, Inc.

7513 Pebble Drive

Fort Worth, Texas 76118

 

35. Miscellaneous

 

35.1
No Agency or Partnership Relationship. Nothing herein contained shall be deemed or construed by the parties hereto, nor by
any third party, as creating the relationship of principal and agent or of partnership or of joint venture between the parties
hereto, it being understood and agreed that neither the method of computation of Rent, nor any other provision contained herein,
nor any acts of the parties hereto, shall be deemed to create any relationship between the parties hereto other than the relationship
of Landlord and Tenant. Whenever herein the singular number is used, the same shall include the plural, and words of any gender
shall include each other gender.

 

35.2          Captions.
The captions used herein are for convenience only and do not limit or amplify the provisions hereof.

 

35.3
Waivers. One or more waivers of any covenant, term or condition of this Lease by either party shall not be construed as a waiver
of a subsequent breach of the same covenant, term or condition. The consent or approval by either party to or of any act by the
other party requiring such consent or approval shall not be deemed to waive or render unnecessary consent to or approval of any
subsequent similar act.

 

35.4
Reasonable Delays Beyond Control. Except for the payment of Rent by Tenant, whenever a period of time is herein prescribed
for action to be taken by Tenant or Landlord, Landlord or Tenant shall not be liable or responsible for, and there shall be excluded
from the computation of any such period of time, any delays due to strikes, riots, acts of God, shortages of labor or materials,
war, government laws, regulations or restrictions or any other causes of any kind whatsoever which are beyond the reasonable control
of Landlord or Tenant.

 

35.5
Quiet Enjoyment and Possession. Landlord agrees that if Tenant shall perform all of the covenants and agreements herein required
to be performed by Tenant, Tenant shall, subject to the terms of this Lease, at all times during the continuance of this Lease
have the peaceable and quiet enjoyment and possession of the Premises.

 

35.6
Entire Agreement of Parties. This Lease and those documents set forth in Paragraph 37 of this Lease contain the entire agreement
between the parties, and no agreement shall be effective to change, modify or terminate this Lease in whole or in part unless such
agreement is in writing and duly signed by the party against whom enforcement of such change, modification or termination is sought.

 

35.7         Applicable Law.
The laws of the State of Texas shall govern the interpretation, validity, performance and enforcement of this Lease.

 

35.8         Invalid
Terms Not to Affect Remainder. If any provision of this Lease should be held to be invalid or unenforceable, the
validity and enforceability of the remaining provisions of this Lease shall not be affected thereby.

 

 

    	-10-

    	 

    

 

35.9         Terms Binding.
The terms, provisions and covenants contained in this Lease shall apply to, inure to the benefit of and be binding upon the parties
hereto and their respective heirs, successors in interest and legal representatives except as otherwise herein expressly provided.

 

36.
Tenant must provide first months rent, security deposit and a Certificate of Insurance to Landlord prior to taking possession of
the Premises. The Certificate of Occupancy will not be applied for until all of these requirements have been met.

 

37 Additional Provisions.

 

37.1         Grant of Option
to Renew. Provided that no Default exists under the Lease and no event has event has occurred which with the passage of time
or the giving of notice, or both, would be Default under the Lease, Tenant shall have the right to renew and extend the Lease with
respect to all of the Premises for one (1) Renewal Term (herein so called) of one (1) year at $3,200.00 per month, at Tenant's
election, commencing upon the expiration of the initial Term by giving Landlord written notice thereof at least three (3) months
prior to the expiration of the initial Term except as set forth in this Amendment.

 

37. Other Documents

The following Exhibits are
attached hereto and incorporated herein.

 

Exhibit "A" -Tenant
Improvements

Exhibit "A-1"- Floor Plan

Exhibit ''B" - Rules and Regulations

Exhibit "C" - Sign Specifications

Exhibit "D" - Lease Guaranty

Exhibit "E" - Hazardous Material
Statement

 

TENANT:

 

GOOD EARTH ENERGY CONSERVATION, INC.

 

 

	By:	Jin Hawes	 
	Name:	Jim Hawes	 
	Title:	CEO	 

 

LANDLORD:

 

HALAWA VIEW APTS G.P., DBA RIVERBEND PROPERTIES

 

 

	By:	/s/ Sandra Knight	 
	 	Sandra Knight, President	 
	 	S&K Management, Inc. as agent for Halawa
	 	View Apartments GP dba Riverbend Properties

 

Executed on the 1st day of September, 2010.

 

    	-11-

    	 

    

EXHIBIT "A"

 

RIVERBEND PROPERTIES

TENANT IMPROVEMENTS

 

 

Except for the refurbishing,
modification and additions indicated below, Tenant accepts the Premises in "AS IS" condition and acknowledges that no
other improvements or alterations will be made to the Premises by Landlord.

 

Landlord at Landlords sole expense shall:

 

		I.	Carpet office area

		2.	Install hot water heater

		3.	Paint only the white office area with a fresh coat of white paint

		4.	Install Warehouse heater

		5.	Install two 30 amp 250-volt 3-wire twist-lock receptacles on dedicated circuits and three 20 amp 120-volt double duplex receptacles
on dedicated circuits.

 

 

 

    	-12-

    	 

    

FIRST AMENDMENT TO LEASE AGREEMENT

 

THIS
FIRST AMENDMENT TO LEASE AGREEMENT (this "Amendment") is made this 15th day of December, 2011, between HALAWA VIEW
APTS G.P., DBA RIVERBEND PROPERTIES ("Landlord") and GOOD EARTH ENERGY CONSERVATION, INC. ("Tenant").

 

WHEREAS,
Landlord and Tenant executed that certain Lease Agreement dated September 1, 2010 (collectively referred to herein with
all amendments as the "Lease"), with respect to certain Premises located at 7513 Pebble Drive, Building 24, being a 7,200
square foot portion of Riverbend Business Park, Fort Worth, Texas; all as more particularly described in the Lease; and

 

WHEREAS,
Landlord and Tenant desire to modify certain terms and provisions of the Lease.

 

NOW,
THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, Landlord and Tenant agree as follows:

 

1.         The
Lease Term is hereby extended for six (7) months from November 1, 2011 to May 31st, 2012 (the "Extended Term").

 

2.         Basic
rent shall be $3,200.00 ($5.33 psf) per month.

 

3.         Except
as hereby amended, the Lease shall remain unchanged and in full force and effect. If there is any conflict between the terms and
provisions of the Lease and the terms and provisions of this Amendment, this Amendment shall control.

 

4.         All
terms and definitions used in this Amendment not herein defined are to be given the definition of the term as provided in the Lease,
unless specifically stated otherwise.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.

 

	TENANT:	 	LANDLORD:	 
	GOOD EARTH ENERGY	 	RIVERBEND PROPERTIES	 
	CONSERVATION, INC	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	By:	/s/ James R. Emmons	 	By:	/s/ Sandra Knight	 
	Name:	James R. Emmons	 	Sandra Knight, President	 
	Title:	President	 	S&K Management, Inc., as Agent for	 
	 	 	 	Halawa View Apartments GP	 
	 	 	 	Dba Riverbend Properties	 

 

 

    	 

    	 

    

SECOND AMENDMENT TO LEASE AGREEMENT

 

THIS
SECOND AMENDMENT TO LEASE AGREEMENT (this "Amendment") is made this 28th day of June, 2012, between HALAWA VIEW APTS
G.P., DBA RIVERBEND PROPERTIES ("Landlord") and GOOD EARTH ENERGY CONSERVATION, INC. ("Tenant")

 

WHEREAS,
Landlord and Tenant executed that certain Lease Agreement dated September 1, 2010 and amended by First Amendment dated
December 15, 2011 (collectively referred to herein with all amendments as the "Lease"), with respect to certain Premises
located at 7513 Pebble Drive, Building 24, being a 7,200 square foot portion of Riverbend Business Park, Fort Worth, Texas; all
as more particularly described in the Lease; and

 

WHEREAS,
Landlord and Tenant desire to modify certain terms and provisions of the Lease.

 

NOW,
THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, Landlord and Tenant agree as follows:

 

1.         The
Lease Term is hereby extended for six (6) months from June 1, 2012 to November 30, 2012 (the "Extended Term").

 

2.         Basic
rent for the Extended Term shall be $3,200.00 per month ($5.33 psf).

 

3.         Except
as hereby amended, the Lease shall remain unchanged and in full force and effect. If there is any conflict between the terms and
provisions of the Lease and the terms and provisions of this Amendment, this Amendment shall control.

 

4.         All
terms and definitions used in this Amendment not herein defined are to be given the definition of the term as provided in the Lease,
unless specifically stated otherwise.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.

 

	TENANT:	 	LANDLORD:	 
	GOOD EARTH ENERGY	 	 	 	 
	CONSERVATION, INC	 	RIVERBEND PROPERTIES	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	By:	/s/ James R. Emmons	 	By:	/s/ Sandra Knight	 
	Name:	James R. Emmons	 	Sandra Knight, President	 
	Title:	President	 	S&K Management, Inc., as Agent for	 
	 	 	 	Halawa View Apartments GP	 
	 	 	 	Dba Riverbend Properties	 

 

 

    	 

    	 

    

 

THIRD AMENDMENT TO LEASE AGREEMENT

 

THIS THIRD AMENDMENT
TO LEASE AGREEMENT (this "Amendment") is made this 13th day Of December, 2012, between HALAWA VIEW APTS G.P., DBA
RIVERBEND PROPERTIES ("Landlord") and GOOD EARTH ENERGY CONSERVATION, INC. ("Tenant").

 

WHEREAS, Landlord
and Tenant executed that certain Lease Agreement dated September 1st, 2010, as amended by First Amendment to Lease Agreement date
December 15th, 2011 and amended by Second Amendment to Lease Agreement dated June 28th, 2012 (collectively referred to herein with
all amendments as the "Lease"), with respect to certain Premises located at 7513 Pebble Drive, Building 24, being a 7,200
square foot portion of Riverbend Business Park, Fort Worth, Texas; all as more particularly described in the Lease; and

 

NOW THEREFORE,
in consideration of the premises and the mutual benefits to accrue to each of the parties hereunder, it is hereby agreed as follows:

 

1.          The Lease Term
is hereby extended for Fifty (50) months from December 1, 2012 to January 31, 2017 (the "Extended Term").

 

2.          This Third
Amendment to Lease Agreement will relocate the 7,200 rentable square feet located at 7513 Pebble Drive, Building 24,
Fort Worth, Texas to the new leased premises of 14,429 rentable square feet with an address of 7660 Pebble Drive,
Building 27, Fort Worth, Texas (the "Relocated Premises"). The Rent Commencement Date for the Relocated Premises
shall be the date which is the first day after Landlord notifies Tenant that the Premises are ready for occupancy and possession
by Tenant (the "Delivery Date").

 

Landlord agrees the
Delivery Date shall be on or before February 1, 2013; provided, however, the Delivery Date
shall be extended for a reasonable time to allow Landlord to complete preparation of the Relocated Premises for occupancy if
Landlord was prevented from completing such preparations by events beyond the reasonable control of Landlord.

 

3.          Basic rent
for the Relocated Premises shall be $5,950.00 per month beginning on the Delivery Date.

 

4.          Upon execution
hereof, Tenant shall deposit with Landlord the amount of $ 5,950.00 to be held by Landlord, without interest, as a Security
Deposit, subject to the terms of the Lease Agreement.

 

5.         Landlord is
currently in possession of a Security Deposit in the amount of $3,200.00 for the Premises located at 7513 Pebble Drive,
Building 24, Fort Worth, Texas. Upon termination of the occupancy at 7513 Pebble Drive, Building 24, Fort Worth, Texas and
Landlord's approval of the condition of the space Landlord will reimburse the Security Deposit from the Premises less any amounts
owed to repair any damage to the space or any other amounts owing associated with 7513 Pebble Drive, Building 24, Fort Worth,
Texas.

 

6.          Tenant will
notify Landlord within three (3) to five (5) days of the date they will vacate 7513 Pebble Drive, Bldg. 24. Landlord and
Tenant will schedule a walk through inspection on or about that date. Tenant's lease and obligation to pay rent on 7513 Pebble
Drive, Bldg. 24 will be terminated on the date that Tenant has vacated the Premises. Tenant agrees to return the space to Landlord
in broom clean condition, except for normal wear and tear as per the terms of the Lease Agreement.

 

    	 

    	 

    

 

7.         Tenant's notices
address will be amended as follows:

 

         Good Earth Energy Conservation, Inc.

         7660 Pebble Drive

         Fort Worth, TX 76118

 

8.         Early Termination.
Provided that no Default exists under the Lease and no event has occurred which with the passage of time or the giving of notice,
or both would be a Default under the Lease, Tenant may elect to terminate the Lease after January 31, 2016 by (i) delivering to
Landlord thirty (30) days written notice that Tenant has elected to exercise its right to terminate the Lease pursuant to this
Paragraph 10 of the Third Amendment to Lease Agreement, and (ii) payment by cash or certified check to Landlord in the amount of
$11,900.00. If Tenant fails to timely comply with the requirements herein, Tenant shall be deemed to have waived its right to such
Early Termination of the lease.

 

9.         Tenant Improvements.
See Exhibit "A," Exhibit "A-1," Exhibit "A-1(a)" and Exhibit "A-1(b)" for list of improvements.

 

10.       Tenant shall
pay to the Landlord the amount of $22,000.00 as Tenant's contribution to the cost of Tenant Improvements. $11,000.00 shall be paid
by the Tenant to the Landlord within three (3) days of execution of this Amendment and an additional $11,000.00 shall be paid by
the Tenant to the Landlord within three (3) days of the Delivery Date. Tenant shall have the option to provide warehouse exhaust
fan, break room cabinet, counter top and sink. Should Tenant provide these items, the actual cost up to, but not more than, the
Landlord's budgeted cost of each item shall be credited towards the second payment of the Tenant's contribution for the cost of
Tenant Improvements.

 

11.       Tenant acknowledges
that no improvements will be performed on the mezzanine level and that the Landlord does not warrant electrical or HVAC service
on that level.

 

12.       Except as hereby
amended, the Lease shall remain unchanged and in full force and effect. If there is any conflict between the terms and provisions
of the Lease and the terms and provisions of this Amendment, this Amendment shall control.

 

13.       All terms and
definitions used in this Amendment not herein defined are to be given the definition of the term as provided in the Lease, unless
specifically stated otherwise.

 

IN WITNESS WHEREOF,
the parties hereto have executed this Amendment as of the day and year first above written.

 

	TENANT:	 	LANDLORD:	 
	 	 	 	 	 	 
	GOOD EARTH ENERGY 	 	HALAWA VIEW APTS G.P., DBA
	CONSERVATION, INC.	 	RIVERBEND PROPERTIES	 
	 	 	 	 	 	 
	By:	/s/ James R. Emmons	 	By: 	/s/ Sandra Knight	 
	 	 	 	Sandra Knight, President	 
	Name:	James R. Emmons	 	S&K Management, Inc. as agent for Halawa
	 	 	 	View Apartments GP dba Riverbend Properties
	Title:	President/CEO	 	 	 	 

 

 

 

    	 

    	 

    

TENANT IMPROVEMENTS EXHIBIT A

 

 

		•	Install exhaust fan in warehouse area. If Tenant elects, and upon Landlord's approval of materials and installation specifications,
Landlord will use Tenant provided equipment.

		•	Build new offices with drop ceiling, and hallway, marked
"1" on attached Exhibit A-1(a)

		•	Build new bathroom with drop ceiling and ADA compliant sink and toilet, marked "2" on attached Exhibit A-1(a)

		•	Install 3' x 6'8" doors with frames, in new offices marked "1", new bathroom marked "2", and new hallway
marked "4" on attached Exhibit A-1(a)

		•	Relocate door and frame to bathroom marked "6", and "closet", so that they open in, per City code

		•	Install 6' x 2' cabinet with bar-sink and counter top, and plumbing for cold water, marked "3" on attached Exhibit
A-1(a). If Tenant elects, and upon Landlord's approval of materials and installation specifications, Landlord will use Tenant provided
cabinet, bar-sink and countertop.

		•	Install new ADA compliant toilets in existing downstairs bathrooms marked "6" on attached Exhibit A-1(a)

		•	Paint with Kelly Moore Antique White, all new and existing downstairs offices, doors, door frames, bathrooms, break room, new
cabinet in break room, and hallway

		•	Install new carpet and cove base in rooms marked "1" and "4" on attached Exhibit A-1(a) (color selection
to be determined)

		•	Install VCT and cove base in (4) approximately 4' x 4' entryways and break room marked "5", and bathrooms marked
"2" and "6", on attached Exhibit A-1(a) (color selection to be determined)

		•	Install (2) 3 1/2-ton HVAC systems, per attached Exhibit A-1(a), with (1) thermostat for each

		•	Install (17) 2' x 4' lay-in light fixtures throughout new offices marked "1" and (1) 2' x 4' lay-in fixture in new
bathroom marked "2" on attached Exhibit A-1(a)

		•	Install (24) duplex electrical outlets throughout offices and hallway marked "1" and (1) each GFI outlet in new bathroom
and at cabinet in break room as shown on attached Exhibit A-1(a)

		•	Install single switches marked "S1", 3-way switches marked "S3" and "S4" and Occupancy Sensors
marked "OC" on the attached Exhibit A-1(a)

		•	Deliver the mechanical, electrical, and plumbing building systems in good working order

		•	Upon Tenant’s written request and Landlord's prior approval, and at Tenant's sole cost and expense, Landlord will install
Tenant-provided dishwasher in break room.

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