Document:

Exhibit 10.11

INITIALS INITIALS © 2019AIR CRE. All Rights Reserved. SBS - 9.04, Revised 10 - 22 - 2020 Last Edited: 10/13/2022 3:33 PM Page 1 of 6 the Sublessor's Agent (salesperson or broker associate); or both the Sublessor's  Agent NA License No. is (check one): Sublessee's Agent and  the Sublessor's Agent (dual agent). Sublessee's Brokerage Firm NA License No. Is the broker of (check one): (dual agent). SUBLEASE FOR A SINGLE SUBLESSEE To be used if the entire space (Premises) will be subleased by a single sublessee whether or not the space (Premises) is a single tenant building or is located in a multi - tenant building . If there will be one or more sublessees sharing the space with each other and/or the lessee, whether or not the space (Premises) is a single tenant building or is located in a multi - tenant building, use the Sublease for Multiple Tenants . 1. Basic Provisions ("Basic Provisions"). 1. Parties : This Sublease (" Sublease "), dated for reference purposes only October 13, 2022 , is made by and between SPI Solar, Inc. (" Sublessor ") and Solar4america Technology Inc.  (" Sublessee "), (collectively the " Parties ", or individually a " Party "). 2. Premises : That certain real property, including all improvements therein, and commonly known as (street address, city, state, zip) Building 783, 4741 Urbani Avenue, McClellan located in the County of Sacramento , State of California and generally described as (describe briefly the nature of the property) 125,190 square feet which is a portion of the "Premises" described in the Master Lease (" Premises "). 3. Term : 0 years and 6 months commencing January 1, 2022 (" Commencement Date ") and ending June 30, 2022 (" Expiration Date "). 4. Early Possession : If the Premises are available Sublessee may have non - exclusive possession of the Premises commencing NA (" Early Possession Date "). 5. Base Rent : January 1, 2022 to January 31, 2022: $43,779; February 1, 2022 to June 30, 2022: $45,093 per month (" Base  Rent "), payable on the 1st day of each month commencing January 1, 2022 . Sublessee  agrees to pay  Additional Rent pursuant to Section 5 of the Master Lease. If this box is checked, there are provisions in this Sublease for the Base Rent to be adjusted. 6. Base Rent and Other Monies Paid Upon Execution : (a) Base Rent : $45,093 for the period January 1, 2022 to January 31, 2022  . (b) Security  Deposit : (" Security Deposit "). (c) Association  Fees : for  the period . (d) Other : for . (e) Total Due Upon Execution of this Lease : $45,093 . 7. Agreed Use : The Premises shall be used and occupied only for office, solar panel assembly, warehouse,  manufacturing and related uses and for no other purposes. 8. Real Estate Brokers. (a) Representation : Each Party acknowledges  receiving a Disclosure Regarding Real Estate Agency Relationship, confirms and consents to  the following agency relationships in this Sublease with the following real estate brokers (" Broker(s) ") and/or  their agents ("Agent(s)"): Sublessor's Brokerage Firm NA License No. is the broker of (check one): the Sublessor; or both the Sublessee and Sublessor (dual agent). the Sublessee; or both the Sublessee and Sublessor Sublessee's Agent NA License No. is (check one): the Sublessee's Agent (salesperson or broker associate); or both the Sublessee's Agent and  the Sublessor's Agent (dual agent). (b) Payment to Brokers : Upon execution and delivery of this Sublease by both Parties, Sublessor  shall pay to the Brokers the brokerage fee agreed to in a separate written agreement (or if there is no such agreement, the sum of or % of the total Base Rent) for the brokerage services rendered by the Brokers. 9. Guarantor . The obligations of the Sublessee under this Sublease shall be guaranteed by NA (" Guarantor "). 10. Attachments . Attached hereto are the following, all of which constitute a part of this Sublease: an Addendum consisting of Paragraphs 14 through 17 ; a plot plan depicting the Premises; a Work Letter; a copy of the master lease and any and all amendments to such lease (collectively the " Master Lease "); other (specify): . DocuSign Envelope ID: 265AB576 - 1685 - 4F9D - B2A1 - DB749C6BF0B5

    	 

    	 

    

INITIALS INITIALS © 2019AIR CRE. All Rights Reserved. SBS - 9.04, Revised 10 - 22 - 2020 Last Edited: 10/13/2022 3:33 PM Page 2 of 6 DocuSign Envelope ID: 265AB576 - 1685 - 4F9D - B2A1 - DB749C6BF0B5 2. Premises. 1. Letting . Sublessor hereby subleases to Sublessee, and Sublessee hereby subleases from Sublessor, the Premises, for the term, at the rental, and upon all of the terms, covenants and conditions set forth in this Sublease. While the approximate square footage of the Premises may have been used in the marketing of the Premises for purposes of comparison, the Base Rent stated herein is NOT tied to square footage and is not subject  to adjustment should the actual size be determined to be different. Note: Sublessee is advised to verify the actual size prior to executing this Sublease. 2. Condition . Sublessor shall deliver the Premises to Sublessee broom clean and free of debris on the Commencement Date or the Early Possession Date, whichever first occurs (" Start Date "), and warrants that the existing electrical, plumbing, fire sprinkler, lighting, heating, ventilating and air conditioning systems (" HVAC "), and any items which the Sublessor is obligated to construct pursuant to the Work Letter attached hereto, if any, other than those constructed by Sublessee, shall be in good operating condition on said date. If a non - compliance with such warranty exists as of the Start Date, or if one of such systems or elements should malfunction or fail within the appropriate  warranty period, Sublessor shall, as Sublessor's sole obligation with respect to such matter, except as otherwise provided in this Sublease, promptly after receipt of written notice from Sublessee setting forth with specificity the nature and extent of such non - compliance, malfunction or failure, rectify same at Sublessor's expense. The warranty periods shall be as follows: (i) 6 months as to the HVAC systems, and (ii) 30 days as to the remaining systems and other elements. If Sublessee does not give Sublessor  the required notice within the appropriate warranty period, correction of any such non - compliance, malfunction or failure shall be the obligation of Sublessee at Sublessee's sole cost and expense. 3. Compliance . Sublessor warrants that any improvements, alterations or utility installations made or installed by or on behalf of Sublessor to or on the Premises comply with all applicable covenants or restrictions of record and applicable building codes, regulations and ordinances (" Applicable Requirements ") in effect on the date that they were made or installed. Sublessor makes no warranty as to the use to which Sublessee will put the Premises or to modifications which may be required by the Americans with Disabilities Act or any similar laws as a result of Sublessee's use. NOTE: Sublessee is responsible for determining whether or not the zoning and other Applicable Requirements are appropriate for Sublessee's intended use, and acknowledges that past uses of the Premises may no longer be allowed. If the Premises do not comply with said warranty, Sublessor shall, except as otherwise provided, promptly after  receipt of written notice from Sublessee setting forth with specificity the nature and extent of such non - compliance, rectify the same. 4. Acknowledgements . Sublessee acknowledges that: (a) it has been given an opportunity to inspect and measure the Premises, (b) it has been advised by Sublessor and/or Brokers to satisfy itself with respect to the size and condition of the Premises (including but not limited to the electrical, HVAC and fire sprinkler systems, security, environmental aspects, and compliance with Applicable Requirements and the Americans with Disabilities Act), and their suitability for Sublessee's intended use, (c) Sublessee has made such investigation as it deems necessary with reference to such matters and assumes all responsibility therefor as the same relate to its occupancy of the Premises, (d) it is not relying on any representation as to the size of the Premises made by Brokers or Sublessor, (e) the square footage of the Premises was not material to Sublessee's decision to sublease the Premises and pay the Rent stated herein, and (f) neither Sublessor , nor Sublessor's agents, nor Brokers have made any oral or written representations or warranties with respect to said matters other than as set forth in this Sublease. In addition, Sublessor acknowledges that : (i) Brokers have made no representations, promises or warranties concerning Sublessee's ability to honor the Sublease or suitability to occupy the Premises, and (ii) it is Sublessor's sole responsibility  to investigate the financial capability and/or suitability  of all proposed tenants. 5. Americans with Disabilities Act . In the event that as a result of Sublessee's use, or intended use, of the Premises the Americans with Disabilities Act or any similar law requires modifications or the construction or installation of improvements in or to the Premises, Building, Project and/or Common Areas, the Parties agree that such modifications, construction or improvements shall be made at: Sublessor's  expense Sublessee's expense. 3. Possession. 1. Early Possession . Any provision herein granting Sublessee Early Possession of the Premises is subject to and conditioned upon the Premises being available for such possession prior to the Commencement Date. Any grant of Early Possession only conveys a non - exclusive right to occupy the Premises. If Sublessee totally or partially occupies the Premises prior to the Commencement Date, the obligation to pay Base Rent shall be abated for the period of such Early Possession. All other terms of this Sublease (including but not limited to the obligations to pay Sublessee's Share of Common Area Operating Expenses, Real Property Taxes and insurance premiums and to maintain the Premises) shall, however, be in effect during such period. Any such Early Possession shall not affect the Expiration Date. 2. Delay in Commencement . Sublessor agrees to use its best commercially reasonable efforts to deliver possession of the Premises by the Commencement Date. If, despite said efforts, Sublessor is unable to deliver possession as agreed, the rights and obligations of Sublessor and Sublessee shall be as set forth in Paragraph 3.3 of the Master Lease (as modified by Paragraph 6.3 of this Sublease). 3. Sublessee Compliance . Sublessor shall not be required to tender possession of the Premises to Sublessee until Sublessee complies with its obligation to provide evidence of insurance. Pending delivery of such evidence, Sublessee shall be required to perform all of its obligations under this Sublease from and after the Start Date, including the payment of Rent, notwithstanding Sublessor's election to withhold possession pending receipt of such evidence of insurance. Further, if Sublessee is required to perform any other conditions  prior to or concurrent with the Start Date, the Start Date shall occur but Sublessor may elect to withhold possession until such conditions are satisfied. 4. Rent and Other Charges. 1. Rent Defined . All monetary obligations of Sublessee to Sublessor under the terms of this Sublease (except for the Security Deposit) are deemed to be rent (" Rent "). Rent shall be payable in lawful money of the United States to Sublessor at the address  stated herein or to such other persons or at such other places as Sublessor may designate in writing. 2. Utilities . Sublessee shall pay for all water, gas, heat, light, power, telephone, trash disposal and other utilities and services supplied to the Premises, together with any taxes thereon. 5. Security Deposit . The rights and obligations of Sublessor and Sublessee as to said Security Deposit shall be as set forth in Paragraph 5 of the Master Lease (as modified by Paragraph 6.3 of this Sublease). 6. Master Lease. 1. Sublessor is the lessee of the Premises by virtue of the " Master Lease ", wherein McClellan Realty, LLC is the lessor,  hereinafter the " Master Lessor ". 2. This Sublease is and shall be at all times subject and subordinate to the Master Lease. 3. The terms, conditions and respective obligations of Sublessor and Sublessee to each other under this Sublease shall be the terms and conditions of the Master Lease except for those provisions of the Master Lease which are directly contradicted by this Sublease in which event the terms of this Sublease document shall control over the Master Lease. Therefore, for the purposes of this Sublease, wherever in the Master Lease the word "Lessor" is used it shall be deemed to mean the Sublessor herein and wherever in the Master Lease the word "Lessee" is used it shall be deemed to mean the Sublessee herein. 4. During the term of this Sublease and for all periods subsequent for obligations which have arisen prior to the termination of this Sublease, Sublessee does

    	 

    	 

    

INITIALS INITIALS © 2019AIR CRE. All Rights Reserved. SBS - 9.04, Revised 10 - 22 - 2020 Last Edited: 10/13/2022 3:33 PM Page 3 of 6 DocuSign Envelope ID: 265AB576 - 1685 - 4F9D - B2A1 - DB749C6BF0B5 hereby expressly assume and agree to perform and comply with, for the benefit of Sublessor and Master Lessor, each and every obligation of Sublessor under the Master Lease except for the following paragraphs which are excluded therefrom: Paragraphs 2, 3.1.A - 3.1.I, 4, 29, 31.2 and Exhibit B of Master Lease, 3 of 1st Amendment, 3 of 2nd Amendment, and 3, 4 and 6 of 3rd Amendment. . 5. The obligations that Sublessee  has assumed under paragraph 6.4 hereof are hereinafter referred to as the " Sublessee's Assumed Obligations ". The obligations that sublessee  has not  assumed under paragraph 6.4 hereof are hereinafter referred to as the " Sublessor's Remaining Obligations ". 6. Sublessee shall hold Sublessor free and harmless from all liability, judgments, costs, damages, claims  or demands, including reasonable attorneys fees, arising out of Sublessee's failure to comply with or perform Sublessee's Assumed Obligations. 7. Sublessor agrees to maintain the Master Lease during the entire term of this Sublease, subject, however, to  any earlier termination of the Master Lease without the fault of the Sublessor, and to comply with or perform Sublessor's Remaining Obligations and to hold Sublessee free  and harmless from all liability, judgments, costs, damages, claims or demands arising out of Sublessor's failure to comply with or perform Sublessor's Remaining Obligations. 8. Sublessor represents to Sublessee that the Master Lease is in full force and effect and that no default exists on the part of any Party to the Master Lease. 7. Assignment of Sublease and Default. 1. Sublessor hereby  assigns and transfers to Master Lessor the Sublessor's interest in this Sublease, subject however to the provisions of Paragraph 8.2 hereof. 2. Master Lessor, by executing this document, agrees that until a Default shall occur in the performance of Sublessor's Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the Rent accruing under this Sublease. However, if Sublessor shall Default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all Rent owing and to be owed under this Sublease. In the event, however, that the amount collected by Master Lessor exceeds Sublessor's obligations any such excess shall be refunded to Sublessor subject to Section  27.1(A)(4) of Master Lease . . Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the Rent from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 3. Sublessor hereby irrevocably authorizes and directs Sublessee upon receipt of any written notice from the Master Lessor stating that a Default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the Rent due and to become due under the Sublease. Sublessor agrees that Sublessee  shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such Rent to Master Lessor without any obligation or right to inquire as to whether such Default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such Rent so paid by Sublessee. 4. No changes or modifications shall be made to this Sublease without the consent of Master Lessor. 8. Consent  of Master Lessor. 1. In the event that the Master Lease requires that Sublessor obtain the consent of Master Lessor to any subletting  by Sublessor then, this Sublease shall not be effective unless, within 10 days of the date hereof, Master Lessor signs this Sublease or  executes a separate Landlord Consent thereby giving its consent to this Subletting. 2. In the event that the obligations of the Sublessor under the Master Lease have been guaranteed by third parties, then neither this Sublease, nor the Master Lessor's consent, shall be effective unless, within 10 days of the date hereof, said guarantors sign this Sublease thereby giving their consent to this Sublease. 3. In the event that Master Lessor does give such consent then: (a) Such consent shall not release Sublessor of its obligations or alter the primary liability of Sublessor to pay the Rent and perform and comply with all of the obligations of Sublessor to be performed under the Master Lease. (b) The acceptance of Rent by Master Lessor from  Sublessee or any one else liable under the Master Lease shall not be deemed a waiver by Master Lessor of any provisions of the Master Lease. (c) The consent to this Sublease shall not constitute a consent to any subsequent subletting or assignment. (d) In the event  of any Default of Sublessor under the Master Lease, Master Lessor may proceed directly against Sublessor, any guarantors or any one else liable under the Master Lease or this Sublease without first exhausting Master Lessor's remedies against any other person or entity liable thereon to Master Lessor. (e) Master Lessor may consent to subsequent sublettings and assignments of the Master Lease or this Sublease or any amendments or modifications thereto without notifying Sublessor or any one else liable under the Master Lease and without obtaining their consent and such action shall not relieve such persons from liability. (f) In the event that Sublessor shall Default in its obligations  under the Master Lease, then Master Lessor, at its option and without being obligated to do so, may require  Sublessee to attorn to Master Lessor in which event Master Lessor shall undertake the obligations of Sublessor under this Sublease from the time of the exercise of said option to termination of this Sublease but Master Lessor shall not be liable for any prepaid Rent nor any Security Deposit paid by Sublessee, nor shall Master Lessor be liable for any other Defaults of the Sublessor under the Sublease. (g) Unless directly contradicted by other provisions of this Sublease, the consent of Master Lessor to this Sublease shall not constitute an agreement to allow Sublessee to exercise any options which may have been granted to Sublessor in the Master Lease or contained in a separate Landlord  Consent document (see Paragraph 39.2 of the Master Lease). . 4. The signatures  of the Master Lessor and any Guarantors of Sublessor at the end of this document shall constitute their consent to the terms of this Sublease. 5. Master Lessor acknowledges that, to the best of Master Lessor's knowledge, no Default presently exists under the Master Lease of obligations to be performed by Sublessor and that the Master Lease is in full force and effect. 6. In the event that Sublessor Defaults under its obligations to be performed under the Master Lease by Sublessor, Master Lessor agrees to deliver to Sublessee a copy of any such notice of default concurrently with the notice delivered to Sublessor . Sublessee shall have the right to cure any Default of Sublessor described in any notice of default if Sublessee does so within the same number of days set forth in the notice of default given to Sublessor. If such Default is cured by Sublessee then Sublessee shall have the right of reimbursement and offset from and against Sublessor. 7. Additional Brokers Commissions. 1. Sublessor agrees that if Sublessee exercises any option or right of first refusal as granted by Sublessor herein, or any option or right substantially similar thereto, either to extend the term of this Sublease, to renew this Sublease, to purchase the Premises, or to lease or purchase adjacent property which Sublessor may own or in which Sublessor has an interest, then Sublessor shall pay to Broker a fee in accordance with the schedule of Broker in effect at the time of the execution of

    	 

    	 

    

 INITIALS INITIALS © 2019AIR CRE. All Rights Reserved. SBS - 9.04, Revised 10 - 22 - 2020 Last Edited: 10/13/2022 3:33 PM Page 4 of 6 DocuSign Envelope ID: 265AB576 - 1685 - 4F9D - B2A1 - DB749C6BF0B5 this Sublease. Notwithstanding the foregoing, Sublessor's obligation under this Paragraph is limited to a transaction in which Sublessor is acting as a Sublessor, lessor or seller. 2. If a separate brokerage fee agreement is attached then Master Lessor agrees that if Sublessee shall exercise any option or right of first refusal granted to Sublessee by Master Lessor in connection with this Sublease, or any option or right substantially similar thereto, either to extend or renew the Master Lease, to purchase the Premises or any part thereof, or to lease or purchase adjacent property which Master Lessor may own or in which Master Lessor has an interest, or if Broker is the procuring cause of any other lease or sale entered into between Sublessee and Master Lessor pertaining to the Premises, any part thereof, or any adjacent property which Master Lessor owns or in which it has an interest, then as to any of said transactions, Master Lessor shall pay to Broker a fee, in cash, in accordance with the schedule attached to such brokerage fee agreement . 3. Any fee due from Sublessor or Master Lessor hereunder shall be due and payable upon the exercise of any option to  extend or renew, upon the execution of any new lease, or, in the event of a purchase, at the close of escrow. 4. Any transferee of Sublessor's  interest in this Sublease, or of Master Lessor's interest in the Master Lease, by accepting an assignment thereof, shall be deemed to have assumed the respective obligations of Sublessor or Master Lessor under this Paragraph 9. Broker  shall be deemed to be a third - party beneficiary of this paragraph 9 . 10. Representations and Indemnities of Broker Relationships. The Parties each represent and warrant to the other that it has had no dealings with any person, firm, broker, agent or finder (other than the Brokers and Agents, if any) in connection with this Sublease, and that no one other than said named Brokers and Agents is entitled to any commission or finder's fee in connection herewith. Sublessee and Sublessor do each hereby agree to indemnify, protect, defend and hold the other harmless  from and against liability for compensation or charges which may be claimed by any such unnamed broker, finder or other similar party by reason of any dealings or actions  of the indemnifying Party, including any costs, expenses, attorneys' fees reasonably incurred with respect thereto. 11. Attorney's fees. If any Party or Broker brings an action or proceeding involving the Premises whether founded in tort, contract or equity, or to declare rights hereunder, the Prevailing Party (as hereafter defined) in any such proceeding, action, or appeal thereon, shall be entitled to reasonable attorneys' fees. Such fees may be awarded in the same suit or recovered  in a separate suit, whether  or not such action or proceeding is pursued to decision or judgment. The term, " Prevailing Party " shall include, without limitation, a Party or Broker who substantially obtains or defeats the relief sought, as the case may be, whether by compromise, settlement, judgment, or the abandonment by the other Party or Broker of its claim or defense. The attorneys' fees award shall not be computed in accordance with any court fee schedule, but shall be such as to fully reimburse all attorneys' fees reasonably incurred. In addition, Sublessor shall be entitled to attorneys' fees, costs and expenses incurred in the preparation and service of notices of Default and consultations in connection therewith, whether or not a legal action is subsequently commenced in connection with such Default or resulting Breach ($200 is a reasonable minimum per occurrence for such services and consultation). 12. No Prior or Other Agreements; Broker Disclaimer. This Sublease contains all agreements between the Parties with respect to any matter mentioned herein, and no other prior or contemporaneous agreement or understanding shall be effective. Sublessor and Sublessee each represents and warrants to the Brokers that it has made, and is relying solely upon, its own investigation as to the nature, quality, character and financial responsibility of the other Party to this Sublease and as to the use, nature, quality and character of the Premises. Brokers have no responsibility with respect thereto or with respect to any default or breach hereof by either Party. The liability (including court costs and attorneys' fees), of any Broker with respect to negotiation, execution, delivery or performance by either Sublessor or Sublessee under this Sublease or any amendment or modification hereto shall be limited to an amount up to the fee received by such Broker pursuant to  this Sublease; provided, however, that the foregoing limitation on each Broker's liability shall not be applicable to any gross negligence or willful misconduct of such Broker. Signatures  to this Sublease accomplished by means of electronic signature or similar technology  shall be legal and binding. 13. Accessibility; Americans with Disabilities Act. (a) The Premises: have not undergone an inspection by a Certified Access Specialist (CASp). Note: A Certified Access Specialist (CASp)  can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction - related accessibility standards under state law.  Although state law does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary  to correct  violations of construction - related accessibility standards within the premises. have undergone an inspection by a Certified Access Specialist (CASp) and it was determined that the Premises met all applicable construction - related accessibility standards pursuant to California Civil Code Α 55.51 et seq. Lessee acknowledges that it received a copy of the inspection report at least 48 hours prior to executing this Lease and agrees to keep such report confidential. have undergone an inspection by a Certified Access Specialist (CASp) and it was determined that the Premises did not meet all applicable construction - related accessibility standards pursuant to California Civil Code Α 55.51 et seq. Lessee acknowledges that it received a copy of the inspection report at least 48 hours prior to executing this Lease and agrees to keep such report confidential except as necessary to complete repairs and corrections of violations of construction related accessibility standards. In the event that the Premises have been issued an inspection report by a CASp the Lessor shall provide a copy of the disability access inspection certificate to Lessee within 7 days of the execution of this Lease. (b) Since compliance with the Americans with Disabilities Act (ADA) and other state and local accessibility statutes are dependent upon Lessee's specific use of the Premises, Lessor makes no warranty or representation as to whether  or not the Premises comply with ADA or any similar legislation. In the event that Lessee's use of the Premises requires  modifications or additions to the Premises in order to be in compliance with ADA or other accessibility statutes, Lessee agrees to make any such necessary modifications and/or additions at Lessee's expense. ATTENTION : NO REPRESENTATION OR RECOMMENDATION IS MADE BY AIR CRE OR BY ANY REAL ESTATE BROKER AS TO THE LEGAL SUFFICIENCY, LEGAL EFFECT, OR TAX CONSEQUENCES OF THIS SUBLEASE OR THE TRANSACTION TO WHICH IT RELATES . THE PARTIES ARE URGED TO : 1. SEEK ADVICE OF COUNSEL AS TO THE LEGAL AND TAX CONSEQUENCES OF THIS SUBLEASE . 2. RETAIN APPROPRIATE CONSULTANTS TO REVIEW AND INVESTIGATE THE CONDITION OF THE PREMISES . SAID INVESTIGATION SHOULD INCLUDE BUT NOT BE LIMITED TO : THE POSSIBLE PRESENCE OF HAZARDOUS SUBSTANCES, THE ZONING OF THE PROPERTY, THE STRUCTURAL INTEGRITY, THE CONDITION OF THE ROOF AND OPERATING SYSTEMS, AND THE SUITABILITY OF THE PREMISES FOR SUBLESSEE'S INTENDED USE .

    	 

    	 

    

INITIALS © 2019AIR CRE. All Rights Reserved. SBS - 9.04, Revised 10 - 22 - 2020 INITIALS Last Edited: 10/13/2022 3:33 PM Page 5 of 6 DocuSign Envelope ID: 265AB576 - 1685 - 4F9D - B2A1 - DB749C6BF0B5 WARNING : IF THE SUBJECT PROPERTY IS LOCATED IN A STATE OTHER THAN CALIFORNIA, CERTAIN PROVISIONS OF THE SUBLEASE MAY NEED TO BE REVISED TO COMPLY WITH LAWS OF THE STATE  IN WHICH THE PROPERTY IS LOCATED By: Name Printed: Denton Peng Title: CEO Phone: Fax: Email: Executed  At: On :  2022 㣥 10 㲖 13 㰀 By Sublessor: SPI Solar, Inc. By: Name  Printed: Title: Phone: Fax: Email: Address: Federal  ID No.: Executed  At: On: October 13,  2022 By Sublessee: Solar4america Technology Inc. Title: Phone: Fax: Email: By: Name Printed: Title: Phone: Fax: Email: Address: Federal  ID No.: BROKER NA Attn: NA Title: Address: Phone: Fax: Email: Federal  ID No.: Broker  DRE License #: Agent  DRE License  #: BROKER NA Attn: NA Title: Address: Phone: Fax: Email: Federal  ID No.: Broker  DRE License #: Agent  DRE License #: Consent to the above Sublease is hereby given. Executed  At: Executed  On: By Master Lessor: McClellan Realty, LLC By Guarantor: By: Name  Printed: Title: Phone: Fax: Email: By: Name  Printed: Title: Phone: Executed  At: Executed  On: By: Name Printed: Title: Address: By: Name Printed: Title: Address: By: Name Printed: HK Cheong CEO

    	 

    	 

    

INITIALS INITIALS © 2019AIR CRE. All Rights Reserved. SBS - 9.04, Revised 10 - 22 - 2020 Last Edited: 10/13/2022 3:33 PM Page 6 of 6 DocuSign Envelope ID: 265AB576 - 1685 - 4F9D - B2A1 - DB749C6BF0B5 Fax: Email: Address: Federal  ID No.: AIR CRE * https:// www.aircre.com * 213 - 687 - 8777 * contracts@aircre.com NOTICE: No part of these works may be reproduced in any form without permission in writing.

    	 

    	 

    

1 22831667.1 237260 - 10001 ADDENDUM TO SUBLEASE FOR A SINGLE SUBLESSEE THIS ADDENDUM TO SUBLEASE FOR A SINGLE SUBLESSEE (“ Addendum ”) modifies and amends that certain Sublease for a Single Sublessee (the “ Sublease ”), dated as of October , 2022, by and  between SPI Solar, Inc. (“ Sublessor ”) and Solar4america Technology Inc. (“ Sublessee ”), to which this  Addendum is attached. In the event of a conflict between the terms and conditions of the Sublease and the  terms and conditions of this Addendum, the terms and conditions of this Addendum shall control. The term  “Sublease” as used in this Addendum and in the Sublease (and in any other addenda, riders and exhibits to  the Sublease) shall mean the Sublease as modified and amended by this Addendum (and by any other  addenda, riders and exhibits to the Sublease). 14. ORAL LEASE : The Parties previously entered into an oral agreement for Sublessor to sublease the Premises to Sublessee for the period commencing on January 1 , 2022 through and including June 30 , 2022 . Notwithstanding that such term has expired pursuant to the oral agreement, the Parties desire to document for their records, the terms and provisions of such lease arrangement by entering into the Sublease and this Addendum . Sublessee is currently occupying the Premises as of the date hereof, pursuant to a separate sublease with Sublessor, which covers the successive term commencing on July 1 , 2022 through and including January 31 , 2031 . 15. TERMINATION RIGHT OF SUBLESSOR UNDER MASTER LEASE : The Parties acknowledge that Sublessor has a one - time right to terminate the Master Lease, pursuant to Section 2 . 4 of the Master Lease . Notwithstanding anything contained in the Sublease to the contrary, Sublessor agrees not to exercise such termination right for the duration of the term of the Sublease and Sublessor expressly waives such right to terminate the Master Lease pursuant to this paragraph . 16. NOTICES . All notices or other correspondence required or permitted under the Sublease shall comply with the provisions of Section 26 of the Master Lease, except that such notices or other correspondence to Sublessor and Sublessee shall be delivered as follows : TO  SUBLESSOR : SPI Solar, Inc. 4803 Urbani Avenue Mcclellan, CA 95652  Attn: George Milionis Telephone: (650) 274 - 5083 Email: gmilionis@solarjuiceamerica.com TO  SUBLESSEE : Solar4america Technology Inc.  4803 Urbani Avenue Mcclellan, CA 95652 Attn: Randy Conone  Telephone: (646) 221 - 4830 Email: randy.conone@solar4america.com 17 . RENT PAYMENT : All payments under the Sublease to be made by Sublessee shall be made payable to, mailed, electronically transferred or personally delivered to Subessor at the following address or such other address(es) of which Sublessor may notify Tenant from time to time : SPI Solar, Inc . 4803 Urbani Avenue Mcclellan, CA 95652 _Attn : George Milionis . In the event of payment by wire transfer, Sublessor shall provide Sublessee with Sublessor’s bank information for the bank to which such payment is to be made . DocuSign Envelope ID: 265AB576 - 1685 - 4F9D - B2A1 - DB749C6BF0B5

    	 

    	 

    

2 22831667.1 237260 - 10001 IN WITNESS WHEREOF, Sublessor and Sublessee have duly executed this Addendum as of the  effective date set forth in the Sublease. SUBLESSOR : SPI SOLAR, INC., a Delaware corporation By:  Name: Its:  CEO SUBLESSEE : SOLAR4AMERICA TECHNOLOGY INC., a Delaware corporation By:  Name: Its:  CEO DocuSign Envelope ID: 265AB576 - 1685 - 4F9D - B2A1 - DB749C6BF0B5 Denton Peng HK Cheong

    	 

    	 

    

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LANDLORD'S
CONSENT TO SUBLEASE

(56,000
SF Sublease)

 

 

 

This Landlord's Consent
to Sublease ("Consent"), dated for reference purposes only as October 13, 2022 ("Consent Date"), is
made by McCLELLAN REALTY, LLC, a Delaware limited liability company ("Landlord").

 

1.             
The predecessor-in-interest to Landlord, whose address is 3140 Peacekeeper Way, McClellan, California 95652, and the predecessor-in-interest
to SPI SOLAR, INC., a Delaware corporation ("Tenant"), entered into that certain written McClellan Park Standard
Form Lease Agreement ("Prime Lease") dated December 15, 2016, as amended, pursuant to which Landlord leased to Tenant,
and Tenant leased from Landlord, certain premises (the "Premises") located within (i) Building 783, Bay L, 4741 Urbani
Avenue, McClellan, California, (ii) Building 783, Bay M, 4761 Parker Avenue, McClellan, California, (iii) Building 783, Bay 0, 4805 Urbani
Avenue, McClellan, California, and (iv) Building 783, Bay P, 4801 Urbani Avenue, McClellan, California, as is more particularly described
in the Prime Lease.

 

2.             
Tenant and SOLAR4AMERICA TECHNOLOGY INC., a Delaware corporation ("Subtenant"), have entered into that
certain Sublease for a Single Sublessee ("Sublease"), dated for reference purposes as October 13, 2022, which subleases
a portion of the Premises consisting of approximately 56,000 square feet (as more particularly described therein), a copy of which is
attached hereto as Exhibit A.

 

3.             
Pursuant to the provisions of the Prime Lease, including, but not limited, to Section 27, Tenant seeks from, and Landlord does
hereby consent to, the Sublease, subject to the following terms and conditions of this Consent.

 

AGREEMENT

 

1.             
Effective Date. The Effective Date of this Consent shall be the date Landlord executes this Consent as set forth below.

 

2.             
Conditions to Consent.
Nothing contained in this Consent or in the Sublease shall be construed to:

 

a.             
Modify, waive or affect (i) any of the provisions, covenants or conditions in the Prime Lease, (ii) any of the Tenant's obligations
under the Prime Lease, or (iii) any rights, remedies or obligations of the Landlord under the Prime Lease or otherwise;

 

b.             Waive any present or future breach
or default on the part of the Tenant under the Prime Lease; or

 

 c.              Release or discharge Tenant from any of its obligations under the Prime Lease.

 

 

 

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 3. Miscellaneous Provisions:

 

a.              Tenant
shall remain primarily liable and responsible for the full and timely performance and observation of all of the provisions,
covenants, and conditions set forth in the Prime Lease to be performed and observed by the Tenant under the Prime Lease,
notwithstanding the existence of (and Landlord's consent to) the Sublease, or any breach committed by Subtenant under the
Sublease.

 

b.             
In the case of any conflict between the provisions of this Consent and the provisions of the Sublease, the provisions of this Consent
shall prevail unaffected by the Sublease.

 

c.             
This Consent shall not be construed as a consent to any further assignment or subletting of any party to the other without Landlord's
prior written consent.

 

IN WITNESS WHEREOF, Landlord has
executed this Consent as of the date set forth below.

 

 

LANDLORD:

 

McCLELLAN
REALTY, LLC, a Delaware limited liability company

 

 

By: /s/ Frank L. Myers                                                                                                    

 

Name: Frank L. Myers                                                                                                     

 

Title: COO                                                                                                                         

 

Date: 10/13/22                                                                                                                   

 

 

 

 

 

 

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    	 	3EX-4.1

 Exhibit 4.1 

SCHEDULE OF WARRANT HOLDERS 
 In
accordance with Instruction 2 to Item 601 of Regulation S-K, below is a schedule setting forth details in which the omitted executed warrants differ from the form of warrant that follows: 

 

					
	 Holder
	  	Number of Shares of
Common Stock	 
	 INPRS Strategic Credit Holdings, LLC
	  	 	7,966	 
	 Oaktree Gilead Investment Fund AIF (Delaware), L.P.
	  	 	34,226	 
	 Oaktree Specialty Lending Corporation
	  	 	53,700	 
	 Oaktree Strategic Credit Fund
	  	 	79,075	 
	 Oaktree AZ Strategic Lending Fund, L.P.
	  	 	84,681	 
	 Oaktree Loan Acquisition Fund, L.P.
	  	 	213,619	 
	 Oaktree LSL Fund Delaware Holdings EURRC, L.P.
	  	 	43,078	 
		  	  
	  
	 
	 Total
	  	 	516,345	 
		  	  
	  
	 

 WARRANT 

NEITHER THIS WARRANT NOR THE SECURITIES ISSUABLE UPON ITS EXERCISE OR CONVERSION HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY APPLICABLE STATE SECURITIES LAW AND MAY NOT BE TRANSFERRED EXCEPT (I) IN ACCORDANCE WITH THE SECURITIES ACT OR SUCH APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION
THEREFROM, OR (II) WHERE, IN THE OPINION OF COUNSEL, REGISTRATION UNDER THE SECURITIES ACTS OR SUCH APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED TRANSFER. 

 

					
	[•] Shares of Common Stock	  	No. [•] WARRANT	  	

 This WARRANT (this “Warrant”) is issued as of October 13, 2022 (the “Initial
Issuance Date”), by SCPHARMACEUTICALS INC., a Delaware corporation (the “Company”), to [•], a [•] (“Purchaser” and, together with any assignee(s) or transferee(s), “Holder” or
“Holders”). 
 WHEREAS, the Company, any subsidiaries of the Company which are guarantors, the Purchaser as lender
and the other lenders party thereto (collectively, the “Lenders”), and Oaktree Fund Administration, LLC as administrative agent are parties to that certain Credit Agreement and Guaranty, dated as of October 13, 2022 (the
“Credit Agreement”), pursuant to which the Company may borrow from the Lenders, and the Lenders may loan to the Company, up to $100,000,000 from the date of the Credit Agreement through the Maturity Date; and 

WHEREAS, the Company is issuing this Warrant to Purchaser as a condition precedent to the making of the loans by Purchaser pursuant to
the Credit Agreement. 

 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Company and Purchaser agree as follows: 
 Section 1. Definitions.
Unless otherwise defined herein, capitalized terms have the meanings set forth in the Credit Agreement (as in effect on the date hereof), however, the following terms when used herein have the following meanings: 

“Aggregate Exercise Price” means, in connection with any Exercise of this Warrant pursuant to Section 4
(whether in whole or in part), an amount equal to the product of (i) the number of Underlying Shares in respect of which this Warrant is then being exercised pursuant to such Section 4, multiplied by (ii) the
Exercise Price. 
 “Fair Market Value” means, with respect to any security or other property, the fair market value of such
security or other property as determined by the independent members of the Board of Directors of the Company, acting in good faith. If the Holder objects in writing to the Board of Directors’ calculation of Fair Market Value within ten
(10) days of receipt of written notice thereof and the Holder and the Company are unable to agree on Fair Market Value during the five (5) day period following the delivery of the Holder’s objection, the valuation dispute resolution
procedure set forth in Section 21 hereof shall be invoked to determine Fair Market Value. 
 “Initial
Number” has the meaning given in Section 7(b) hereof. 
 “Market Price” means, with
respect to a particular security, on any given day, the last reported sale price, regular way, or, in case no such reported sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case on the principal
Trading Market, or if not listed or admitted to trading on any national securities exchange, the last quoted bid price in the over-the-counter market as reported by Pink
Sheets LLC or similar organization. “Market Price” shall be determined without reference to after hours or extended hours trading. If such security is not listed and traded in a manner that the quotations referred to above are available
for the period required hereunder, the Market Price per share of Common Stock shall be deemed to be the fair market value per share of such security as determined in good faith by the members of the Board of Directors. For the purposes of
determining the Market Price of the Common Stock on the Trading Day preceding, on or following the occurrence of an event, (i) that Trading Day shall be deemed to commence immediately after the regular scheduled closing time of trading on the
Trading Market on which the Common Stock is listed or, if trading is closed at an earlier time, such earlier time and (ii) that Trading Day shall end at the next regular scheduled closing time, or if trading is closed at an earlier time, such
earlier time (for the avoidance of doubt, and as an example, if the Market Price is to be determined as of the last Trading Day preceding a specified event and the closing time of trading on a particular day is 4:00 p.m. and the specified event
occurs at 5:00 p.m. on that day, the Market Price would be determined by reference to such 4:00 p.m. closing price). 
 “Trading
Day” means a day on which the Common Stock is traded on a Trading Market or, if the Common Stock is not traded on a Trading Market, then on the principal securities exchange or securities market on which the Common Stock is then traded.

  
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 “Trading Market” means any market or exchange of The Nasdaq Stock Market
LLC or the New York Stock Exchange. 
 “VWAP” means, for any date, the price determined by the first of the following
clauses that applies: (i) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common
Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:00 pm (New York City time)), (ii) if the Common Stock is not then listed on a Trading Market or quoted for trading on the
OTC Bulletin Board and if prices for the Common Stock are then reported in the “Pink Sheets” published by OTC Markets Group Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid
price per share of the Common Stock so reported or (iii) in all other cases, the fair market value of a share of Common Stock as determined by an independent nationally recognized investment banking, accounting or valuation firm selected in
good faith by the Company and reasonably acceptable to the Holder, the fees and expenses of which shall be paid by the Company. 

Section 2. Issuance of Warrant; Term. For good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Company hereby grants to Holder the right to purchase from the Company [•] fully paid and nonassessable shares of the Company’s common stock having a par value $0.0001 per share (the
“Common Stock”). The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the “Underlying Shares.” This Warrant shall be exercisable at any time and from time to
time, in whole or in part, during the seven (7) year period commencing on the date hereof (the last day of this seven (7) year period is referred to as the “Expiration Date”). 

Section 3. Exercise Price. The exercise price per share of Common Stock for which each Underlying Share may
be purchased pursuant to this Warrant shall be $5.40 (the “Exercise Price”), subject to adjustment pursuant to Section 7 hereof. 

Section 4. Exercise. 

(a) This Warrant may be exercised by the Holder hereof as to all or any portion of the Underlying Shares, upon delivery of
written notice by the Holder to the Company, together with this original Warrant and (x) payment to the Company of the Aggregate Exercise Price or (y) instruction to the Company to withhold a number of the Underlying Shares then issuable
upon exercise of this Warrant with an aggregate value (determined on the basis of the average Market Price per share for the Common Stock on the last five Trading Days for such stock ended immediately prior to the applicable Exercise Date, as
defined below) equal to such Aggregate Exercise Price (collectively, the “Exercise”, with the date of an Exercise being an “Exercise Date”). The Exercise Price (if paid pursuant to clause (x) above) shall be
payable by delivery by the Holder of a certified or official bank check payable to the order of the Company or wire transfer of immediately available funds to an account designated by the Company. This Warrant shall be deemed to have been so
exercised as of the applicable Exercise Date, and the Holder shall be entitled to receive the Underlying Shares issuable upon such Exercise 

  
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and be treated for all purposes as the holder of record of the Underlying Shares as of such date. Upon the Exercise of this Warrant, the Company shall, within two (2) Business Days of the
applicable Exercise Date (the “Underlying Share Delivery Date”), execute and deliver to the Holder of this Warrant (a) a statement confirming the total number of Underlying Shares for which this Warrant is being exercised, and
(b) (i) if the Underlying Shares are issued in certificate form, a certificate or certificates for the number of Underlying Shares issuable upon such Exercise, or (ii) if the Underlying Shares are issued in uncertificated form, a written
confirmation evidencing the book-entry registration of such Underlying Shares in the Holder’s name; provided that if the Company fails to deliver to Holder such certificate or certificates (in the case of Underlying Shares issued in
certificate form) or written confirmation (in the case of Underlying Shares issued in uncertificated form) by the Underlying Share Delivery Date, the Holder will have the right to rescind such Exercise. Any rescission by the Holder pursuant to this
Section 4(a) shall not affect any other remedies available to the Holder under applicable law or equity or pursuant to Section 13 hereof as a result of the Company’s failure to timely deliver
the Underlying Shares. If this Warrant shall be exercised with respect to less than all of the Underlying Shares, the Company shall deliver a new Warrant covering the number of Underlying Shares in respect of which this Warrant shall not have been
exercised, which new Warrant shall in all other respects be identical to this Warrant. The Company covenants and agrees that it will pay when due any and all state and federal issue taxes which may be payable in respect of the issuance of this
Warrant or the issuance of any Underlying Shares upon exercise; provided, however, that the Company shall not be required to pay any tax that may be payable in respect of any transfer involved in the registration of any certificates for Underlying
Shares or the Warrant in a name other than that of the Holder. The Holder shall be responsible for all other tax liability that may arise as a result of holding or transferring this Warrant or receiving Warrant Shares upon exercise hereof. The
Company shall not register any transfer or issue or deliver any Warrant Shares unless or until the persons requesting the registration or issuance shall have paid to the Company the amount of such tax, if any, or shall have established to the
reasonable satisfaction of the Company that such tax, if any, has been paid. 
 (b) In the event of any withholding of shares
of Underlying Shares pursuant to Section 4(a)(y) above where the number of the Underlying Shares then issuable upon exercise of this Warrant with an aggregate value equal to the Aggregate Exercise Price is not a whole
number, the number of the Underlying Shares withheld by the Company shall be rounded up to the nearest whole share, and the Company shall make a cash payment to the Holder (by delivery of a certified or official bank check or by wire transfer of
immediately available funds) based on the incremental fraction of Underlying Shares being so withheld by the Company in an amount equal to the product of (x) such incremental fraction of Underlying Shares being so withheld multiplied by
(y) the value per share of Underlying Shares (determined on the basis of the average Market Price per share for the Common Stock on the last five Trading Days for such stock ended immediately prior to the applicable Exercise Date). 

  
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 (c) The Company shall not knowingly effect the exercise of this Warrant, and
the Holder shall not have the right to exercise this Warrant to the extent that, after giving effect to such exercise, the Holder (together with such Person’s Affiliates) would beneficially own in excess of 9.99% (the “Maximum
Percentage”) of the Common Stock outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned by such Person and its Affiliates shall
include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which the determination of such sentence is being made, but shall exclude shares of Common Stock which would be issuable upon (i) exercise of
the remaining, unexercised portion of this Warrant beneficially owned by such Person and its Affiliates and (ii) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company beneficially owned by such
Person and its Affiliates (including, without limitation, any convertible notes or convertible shares or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein. Except as set forth in the preceding
sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act. For purposes of this Warrant, in determining the number of outstanding shares of Common Stock, a Holder of
this Warrant may rely on the number of outstanding shares of Common Stock as reflected in the most recent of (1) the Company’s Form 10-K, Form 10-Q or other
public filing with the United States Securities and Exchange Commission, as the case may be, (2) a more recent public announcement by the Company or (3) any other notice by the Company or its transfer agent setting forth the number of
shares of Common Stock outstanding. Upon the written or oral request of a Holder, the Company shall, within five (5) Business Days, confirm to such Holder the number of shares of its Common Stock then outstanding. Furthermore, upon the written
request of the Company, a Holder shall confirm to the Company its then current beneficial ownership with respect to the Company’s Common Stock. 

Section 5. No Fractional Shares. No fractional shares may be issued upon any exercise of this Warrant or as
a consequence of any adjustment pursuant to Section 7, and any fractions shall be rounded upwards to the nearest whole number of shares, provided that the exercise price per share shall not be less than the par value. 

Section 6. Securities Laws. 

(a) Holder acknowledges that the Underlying Shares are being offered and sold by the Company in accordance with
Section 4(a)(2) and/or Regulation D under the Securities Act and that the Underlying Shares will constitute “restricted securities” as defined in Rule 144 under the Securities Act. Neither this Warrant nor the Underlying Shares have
been registered under the Securities Act, or any state securities laws (“Blue Sky Laws”). This Warrant has been acquired for the Holder’s own account for investment purposes and not with a current view to distribution or resale
and may not be sold or otherwise transferred (i) without an effective registration statement for such Warrant under the Securities Act and such applicable Blue Sky Laws, or (ii) unless Holder shall have delivered to the Company an opinion
of counsel to the effect that the Warrant or such portion of the Warrant to be sold or transferred may be sold or transferred under an exemption from such registration; provided, that the foregoing conditions shall not apply to any transfer
of this Warrant from Purchaser to any Affiliate, managed fund or account of Oaktree Capital Management, L.P. 

  
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 (b) Holder represents that is an “accredited investor” as defined
in Rule 501 of Regulation D promulgated under the Securities Act. Holder acknowledges that it can bear the economic and financial risk of its investment for an indefinite period and has such knowledge and experience in financial or business matters
that it is capable of evaluating the merits and risks of the investment in this Warrant Certificate and the Warrant Shares. The Holder has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of
the offering of this Warrant and the business, properties, prospects and financial condition of the Company. Holder acknowledges that it did not learn of the investment in this Warrant as a result of any general solicitation or general advertising.

 (c) The Company covenants and agrees that all Underlying Shares will, upon issuance and payment therefor, be legally and
validly issued and outstanding, free from all taxes, liens, charges and preemptive or similar rights, if any, with respect thereto or to the issuance thereof. The Company will take all such action as may be reasonably necessary or appropriate to
assure that the Underlying Shares may be issued as provided herein without violating any applicable law or regulation, or any requirements of the Trading Market upon which the Common Stock may be listed. 

(d) The certificates representing the Underlying Shares will bear the following or similar legend, unless the Company
determines otherwise in compliance with applicable law: 
 “THE SHARES OF COMMON STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (1) IN AN OFFSHORE TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF
REGULATION S UNDER THE SECURITIES ACT, (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, OR (3) PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, IN EACH CASE IN
ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS.” 
 Section 7. Anti-Dilution Adjustments. 

(a) If the Company shall at any time prior to the expiration of this Warrant (i) pay a stock dividend or otherwise make a
distribution or distributions on shares of Common Stock of shares of Common Stock or any other equity or equity securities, (ii) subdivide the Common Stock (by stock split, recapitalization, or any other similar event) into a larger number of
shares, (iii) combine the Common Stock (by stock split or reverse stock split, recapitalization, combination of shares, or any other similar event) or (iv) issue by reclassification of shares of Common Stock any shares of capital stock of
the Company (with the exception of any reclassification that constitutes a Fundamental 

  
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Change, as hereinafter defined), then in each such case the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to (x) the record date for the
determination of stockholders entitled to receive such dividend or distribution or (y) the effective date in the case of a subdivision, combination or re-classification by a fraction, the numerator of
which shall be the number of shares of Common Stock outstanding immediately before such event and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such event, and the number of shares issuable upon
exercise of this Warrant shall be proportionately adjusted such that the Aggregate Exercise Price shall remain unchanged. Before taking any action which would result in an adjustment in the number of Underlying Shares for which this Warrant is
exercisable or to the Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from any public regulatory body or bodies having jurisdiction thereof. 

(b) If the Company shall at any time prior to the expiration of this Warrant (in each case, occurring after the date hereof) be
a party to any merger, consolidation, exchange of shares of Common Stock, sale of a majority of the Common Stock, sale of all or substantially all of the assets of the Company, separation, reorganization, recapitalization, winding up or liquidation
of the Company, or other similar event or transaction (each, a “Fundamental Change”), as a result of which shares of Common Stock shall be exchanged or converted into the same or a different number or class or classes of securities
of the Company or another entity, or the holders of shares of Common Stock are entitled to receive cash or other property, then, upon the Exercise of this Warrant by the Holder, such Holder shall receive, for the Aggregate Exercise Price as in
effect immediately prior to such Fundamental Change (subject to all other adjustments under this Warrant), the aggregate number of shares or such other securities, cash or other property which such Holder would have received if this Warrant had been
exercised immediately prior to such Fundamental Change (collectively, the “Fundamental Change Receivable”), which, upon the Holder’s election, may be received net of the Aggregate Exercise Price (for the avoidance of doubt,
without payment by the Holder of any cash in an amount equal to the then Exercise Price). In the case of any Fundamental Change, the successor, acquirer or resulting parent entity in such merger, consolidation, exchange of shares of Common Stock,
sale of all or substantially all of the assets of the Company or reorganization (if other than the Company) (the “Successor”) shall duly execute and deliver to the Holder a supplement to this Warrant acknowledging the
Successors’ obligations under this Section 7(c). The terms of this Warrant shall be applicable to the Fundamental Change Receivable due to the Holder upon the consummation of any such Fundamental Change. 

(c) If the Company, at any time while this Warrant is outstanding, shall otherwise distribute to all holders of Common Stock
(and not to the Holder or Holders) evidences of its indebtedness or assets (including cash and cash dividends) or rights or warrants to subscribe for or purchase any security, then in each such case the Exercise Price shall be adjusted by
multiplying the Exercise Price in effect immediately prior to the record date fixed for determination of stockholders entitled to receive such distribution by a fraction, the numerator of which shall be such VWAP on such record date less the then
Fair Market Value at such record date of the portion of such assets or evidence of indebtedness so distributed applicable to one outstanding share of Common Stock, and the denominator of which shall be the VWAP determined as of the record date
mentioned above. Such adjustment shall be made whenever any such distribution is made and shall become effective immediately after the record date mentioned above. 

  
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 (d) Not less than five (5) days prior to the record date or effective
date, as the case may be, of any event which requires or might require an adjustment or readjustment pursuant to Section 7(a), Section 7(c) or Section 7(g) (each, an
“Adjustment Event”), and not less than ten (10) days prior to the record date or effective date, as the case may be, of any Fundamental Change, the Company shall give written notice of such Adjustment Event or Fundamental
Change (as applicable) to the Holder or Holders, describing such Adjustment Event or Fundamental Change in reasonable detail and specifying the record date or effective date, as the case may be. Such notice shall additionally include the
Company’s certification of the following computations, as applicable, each of which shall have been made by the Company in good faith: (i) in the case of an Adjustment Event, if determinable, the required adjustment and the computation
thereof or, if the required adjustment is not determinable at the time of such notice, the Company shall give notice to the Holder or Holders of such adjustment and computation promptly after such adjustment becomes determinable, and (ii) in
the case of a Fundamental Change, the number of shares or such other securities, cash or other property which is payable to the Holder or Holders upon the Fundamental Change, the computation thereof, and the computation of the then applicable
Exercise Price. Except as otherwise prohibited by applicable laws, to the extent that any notice provided pursuant to this Section 7(d) contains material, non-public information
regarding the Company, the Company shall disclose such information regarding the Company in a Current Report on Form 8-K and file such Current Report on Form 8-K with
the SEC no later than the second Trading Day following the date such notice is delivered to the Holder. 
 (e)
Notwithstanding any other provision hereof, if an exercise of all or any portion of this Warrant is to be made in connection with a Fundamental Change or a public offering, such exercise may, at the election of the Holder, be conditioned upon the
consummation of such transaction, in which case such exercise shall not be deemed to be effective until immediately prior to the consummation of such transaction. 

(f) At all times on and prior to the Expiration Date, the Company shall at all times reserve and keep available out of its
authorized but unissued Common Stock (or other equity interests then constituting Underlying Shares), solely for the purpose of issuance upon the exercise of this Warrant, the maximum number of Underlying Shares issuable upon the exercise of this
Warrant. The Company further covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged with the duty of executing stock certificates or effectuating the book entry of uncertificated shares to execute
and issue, or enter, the necessary certificates or book entries (as applicable) for the Underlying Shares upon the exercise of the purchase rights under this Warrant. The Company shall not increase the par value of any Underlying Shares receivable
upon the exercise of this Warrant above the Exercise Price then in effect, and shall take all such actions within its power as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and non-assessable Underlying Shares upon the exercise of this Warrant. 

  
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 (g) If any event of the type contemplated by the provisions of this
Section 7 but not expressly provided for by such provisions occurs, then the Board of Directors of the Company shall make an appropriate adjustment in the Exercise Price and the number of Underlying Shares issuable upon
exercise of this Warrant so as to protect the rights of the Holder in a manner consistent with the provisions of this Section 7; provided, that no such adjustment pursuant to this
Section 7(h) shall increase the Exercise Price or decrease the number of Underlying Shares issuable as otherwise determined pursuant to this Section 7. 

(h) Notwithstanding anything to the contrary, if the Company or other applicable withholding agent pays withholding taxes or
backup withholding on behalf of the Holder as a result of an adjustment to the Exercise Price (or any other adjustment, non-adjustment, or distribution with respect to the Warrant treated for U.S. tax purposes
as a distribution to which Section 301 of the Internal Revenue Code of 1986, as amended, applies), the Company or other applicable withholding agent may, at its option, set off such payments against payments or other deliveries on the Warrant.

 Section 8. Transfer of Warrant. Subject to compliance with applicable federal and state securities
laws, the Holder may, from time to time, transfer this Warrant or the Underlying Shares, in each case, in whole or in part, by giving the Company a written notice of the portion of the Warrant or the shares of the Underlying Shares being
transferred, such notice to set forth the name, address and taxpayer identification number of the transferee, the anticipated date of such transfer, and surrendering this Warrant or the certificates or book-entry records representing shares of the
Underlying Shares, as applicable, to the Company for reissuance to the transferee(s). Upon surrender of this Warrant by a Holder to the Company for transfer, in whole or in part, the Company shall issue a new warrant to such Holder in such
denomination as shall be requested by such Holder covering the number of Underlying Shares, if any, in respect of which this Warrant shall not have been transferred. Such new warrant shall be identical in all other respects to this Warrant. This
Warrant may be divided or combined with other Warrants upon presentation hereof at the office of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its
agent or attorney. Subject to compliance with this Section 8 as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the
Warrant or Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated as of the Initial Issuance Date and shall be identical with this Warrant except as to the number of Underlying
Shares issuable pursuant thereto. 

  
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 Section 9. No Impairment. The Company may not, including,
without limitation, by amendment of its certificate of incorporation or bylaws, or through a Fundamental Change or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, and the Company
shall at all times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the Holder or Holders against impairment. Without limiting the
generality of the foregoing, the Company shall take (a) all such action as may be necessary or appropriate in order that the Company may duly and validly issue fully paid and non-assessable Underlying
Shares, free from any taxes, liens, charges and preemptive rights, upon the exercise of this Warrant, and (b) use its best efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction
thereof, as may be necessary to enable the Company to perform its obligations under this Warrant. 
 Section 10.
No Rights or Liabilities as a Stockholder. This Warrant shall not entitle the Holder or Holders hereof to any voting rights or other rights as a stockholder of the Company with respect to the Underlying Shares prior to the exercise of
the Warrant. No provision of this Warrant, in the absence of affirmative action by the Holder or Holders to purchase the Underlying Shares, and no mere enumeration herein of the rights or privileges of the Holder or Holders, shall give rise to any
liability of such Holder or Holders for the Exercise Price or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company. 

Section 11. Representations and Warranties of the Company. The Company hereby represents and warrants: 

(a) As of the Initial Issuance Date, the Company (A) is a corporation duly organized, validly existing and in good
standing under the laws of the State of Delaware, (B) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as currently proposed to be conducted, to issue and enter into the
Warrant and to carry out the transactions contemplated thereby, and (C) except where the failure to do so, individually or in the aggregate, has not had, and could not be reasonably expected to have, a material adverse effect on the business,
assets, financial condition or operations of the Company, is qualified to do business and, where applicable is in good standing, in every jurisdiction where such qualification is required. 

(b) This Warrant is, and any Warrant issued in substitution for or replacement of this Warrant (including pursuant to
Section 15) shall be, upon issuance, duly authorized and validly issued. This Warrant constitutes, and any Warrant issued in substitution for or replacement of this Warrant shall be, upon issuance, a legal, valid and
binding obligation of the Company, enforceable against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or other similar laws affecting the enforcement of creditors’ rights
generally and by general principles of equity. 
 (c) As of the Initial Issuance Date, the execution, delivery and
performance by the Company of the Warrant does not and will not (A) violate any material provision of applicable law or the organizational documents of the Company, (B) conflict with, result in a breach of, or constitute (with the giving
of any notice, the passage of time, or both) a default under any material agreement of the Company or (C) result in or require the creation or imposition of any lien upon any assets of the Company. 

  
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 Section 12. Successors. All the covenants and provisions
of this Warrant by or for the benefit of the Company or the Holder or Holders shall bind and inure to the benefit of their respective successors and assigns. 

Section 13. Survival. The rights of the Holder or Holders under this Warrant, and the covenants and
agreements of the Company set forth in this Warrant for the benefit of the Holder or Holders, shall survive exercise of all or any portion of this Warrant and shall inure to the Holder or Holders of any Underlying Shares. 

Section 14. Remedies. If the Company violates, breaches or defaults under this Warrant, the Holder may
proceed to protect and enforce its rights by any action at law, suit in equity or other appropriate proceeding, whether for specific performance of any agreement contained in this Warrant, or for an injunction against a violation of any of the terms
hereof, or in and of the exercise of any power granted hereby or by law, in each case without providing any bond or other security in connection with such action, suit or other proceeding. In case of any violation, breach or default under this
Warrant, the Company shall pay to the Holder on demand all reasonable costs and expenses of enforcing the Holder’s rights under this Warrant, including, without limitation, reasonable attorneys’ fees and legal expenses. 

Section 15. Loss, Theft, Destruction or Mutilation of Warrant. The Company covenants that upon its receipt
of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Underlying Shares (and, in the case of mutilation, the surrender and cancellation of this Warrant or
such stock certificate), the Company shall make and deliver to the Holder a new Warrant or stock certificate that is identical to this Warrant or to such stock certificate (as applicable). 

Section 16. Tax Treatment. No later than sixty (60) days after the Initial Issuance Date, the Company
shall provide the Purchaser with a valuation of the Warrant for tax purposes (the “Valuation”), which shall be based on a report prepared by CFGI or another third-party firm engaged by the Company that is reasonably acceptable to
the Purchaser. The Valuation shall be binding on the Holder and the Company for all tax purposes. 
 Section 17.
Article and Section Headings. Numbered and titled article and section headings are for convenience only and shall not be construed as amplifying or limiting any of the provisions of this Warrant. 

Section 18. Notice. Any and all notices, elections or demands permitted or required to be made under this
Warrant shall be in writing, signed by the party giving such notice, election or demand and shall be delivered in accordance with the notice provisions in the Credit Agreement. 

  
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 Section 19. Severability. If any provisions(s) of this
Warrant or the application thereof to any person or circumstances shall be invalid or unenforceable to any extent, the remainder of this Warrant and the application of such provisions to other persons or circumstances shall not be affected thereby
and shall be enforced to the greatest extent permitted by law. 
 Section 20. Entire Agreement. This
Warrant and between the Company and the Holder represents the entire agreement between the parties concerning the subject matter hereof, and all oral discussions and prior agreement are merged herein. 

Section 21. Valuation Dispute Resolution. In the case of any dispute as to the determination of any amount
or valuation hereunder or in connection with the amount or value of any Common Stock or Underlying Shares to be issued, withheld or otherwise determined, the calculation of the Aggregate Exercise Price or any other computation or valuation required
to be made hereunder or in connection herewith, in the event the Holder, on the one hand, and the Company, on the other hand, are unable to settle such dispute within five (5) Business Days, then either party may elect to submit the disputed
matter(s) for resolution by an independent accounting firm of nationally recognized standing as may be mutually agreed upon by the Holder and the Company. Such firm’s determination of such disputed matter(s) shall be binding upon all parties
absent demonstrable error, and the Company and the Holder shall each pay one half of the fees and costs of such firm. 

Section 22. Governing Law. This Warrant and the rights and obligations of the parties hereunder, and any
claims, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Warrant and the transactions contemplated hereby shall be governed by, and construed in accordance with, the
law of the State of New York. 
 Section 23. Jurisdiction; Waiver of Venue; Service of Process. 

(a) Each party hereto irrevocably and unconditionally agrees that it will not commence any action, litigation or proceeding of
any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against any other party hereto in any way relating to this Warrant or the transactions relating hereto, in any forum other than the courts of the State
of New York sitting in New York County, and of the United States District Court of the Southern District of New York, and any appellate court from any thereof; and each of the parties hereto irrevocably and unconditionally submits to the
jurisdiction of such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable law, in such federal court.
Each of the parties hereto agrees that a final judgment in any such action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

  
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 (b) Each party hereto irrevocably and unconditionally waives, to the fullest
extent permitted by applicable law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph (a) of this
Section 23. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

 (c) Each party hereto irrevocably consents to service of process in the manner provided for notices in
Section 18. 
 Section 24. Amendment. No amendment or modification hereof shall
be effective except in a writing executed by the Company and the Holder. 
 Section 25. Counterparts. This
Warrant may be executed in any number of counterparts (including electronic imaging means), each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same Warrant. Delivery of an
executed signature page of this Warrant by electronic transmission (e.g., “pdf” or “tif” format) shall be effective as delivery of a manually executed counterpart hereof. 

Section 26. Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS WARRANT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS WARRANT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 26. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have set their hands as of the date first
above written. 
  

			
	COMPANY:
	
	SCPHARMACEUTICALS INC.
		
	By:	 	          

		 	Name:
		 	Title:
	
	PURCHASER:
	
	[•]
	
	By: [•]
		
	By:	 	          

		 	Name:
		 	Title:

 [Signature Page to Warrant]

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