Document:

EMPLOYMENT AGREEMENT

 

THIS AGREEMENT (this "Agreement'')
is made as of May 23, 2016 (the "Effective Date"), between Rx Safes,Inc. (the "Company"), doing business
at 170 South Green Valley Parkway, Suite 300, Henderson, NV 89012 and J. Richard Iler (the "Employee"), residing
at 817 Dawson Street, Uhrichsville, OH 44683 . The Company and the Employee are sometimes hereinafter referred to individually
as a "Party" and together as "Parties." Capitalized terms used in this Agreement but not otherwise defined
herein shall have the meaning given to them in Section 12 below.

 

WHEREAS, the Employee has substantial
business knowledge, expertise and experience in the conduct of the business of the Company and the Company desires to retain the
knowledge, expertise and experience of the Employee to assist in the operations and management of the Company and its Subsidiaries;

 

WHEREAS, Employee acknowledges
that the Company and its Subsidiaries expend substantial resources establishing long term relationships with their Customers and
Employee will from time to time during the course of his employment be exposed to such Customers and prospective customers and
clients;

 

WHEREAS, Employee acknowledges
that in connection with his employment Employee will have access to valuable Confidential Information (as defined in Section 8
below) including, but not limited to, the Company's and its Subsidiaries' methods of doing business, business plans and trade secrets;
and

 

WHEREAS, the Company desires
that the Employee not directly or indirectly compete with the Company or its Subsidiaries for a reasonable period of time because
of the detrimental effect such competition would have on the business of the Company and its Subsidiaries;

 

NOW THEREFORE, in consideration
of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereto, intending to be legally bound, agree as follows:

 

1.                  
Employment. The Company hereby employs the Employee and the Employee hereby accepts employment, pursuant to the terms and
conditions of this Agreement.

 

2.                  
Employment; Term. The Company hereby employs Employee, and Employee hereby accepts employment with the Company, upon the
terms and conditions set forth in this Agreement for the period beginning on the Effective Date for an initial 6 month period ending
on November 23, 2016 except if terminated as provided in Section 6 hereof (such period being the "Employment Period").
The Employment Period may be extended beyond the initial Term, my mutual agreement between the Parties.

 

3.                  
Position and Duties.

 

(a)                
During the Employment Period, Employee wil1 serve as Chief Financial Officer for the Company and will have the normal duties, responsibilities
and authority of this office, subject to the power of the CEO and the Board to expand or limit such duties, responsibilities and
authority and to override Employee's actions.

 

(b)                
During the Employment Period, Employee will report to the CEO and will devote at least 20 hours per week of his time, best efforts
and attention (except for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and
affairs of the Company and its Subsidiaries and to the performance of such duties, as aforesaid and as may be assigned to him from
time to time by the Company. Employee will act in the best interest of the Company and its Subsidiaries and, except as may be specifically
permitted by the CEO and the Board, will not engage in any other business activity, except as in his capacity as a significant
shareholder of InfoGPS, a cyber security company which does not compete in the Company’s market. Employee will perform his
duties, responsibilities and function on behalf of the Company and its Subsidiaries hereunder to the best of his abilities in a
diligent, trustworthy, businesslike and efficient manner. However, nothing in this Agreement shall bar or impair the Employee from
continuing his existing or future Corporate Board Affiliations providing any affiliation is not deemed a competitor of Company.

 

    	 		 

     

    

 

4.                  
Compensation.

 

(a)                
During the Employment Period, Employee's base salary will be no less than $100,000 per annum (as adjusted from time to time, the
"Base Salary"). Employee's Base Salary will be paid by the Company in regular installments in accordance with
the Company's general payroll practices and may be increased in the sole discretion of the Board. Employee understands that compensation
will be accrued until such time as the Company has the resources to make regular payroll payments of the compensation outlined
in this agreement.

 

(b) In addition
to the Base Salary, for each complete calendar year during the Employment Period so long as Employee is employed by the Company
on the last day of such calendar year Employee will be eligible to earn a performance bonus ("Performance Bonus").
Employee's target Performance Bonus for each complete fiscal year will be equal to ten percent (25%) of his Base Salary for such
fiscal year (the "Target Bonus"). The actual amount of the Performance Bonus payable to Employee for any fiscal
year may be greater than or less than the Target Bonus for such fiscal year and will be determined by the decision of the disinterested
members of the Board based on the achievement of certain financial and individual performance goals to be established annually
by the Board. Any Performance Bonus payable pursuant to this Section 3(b) will be payable in a lump sum at such time as may be
determined by the Board, but no later than the earlier of (i) ten (10) business days after the Company finalizes its audited financial
statements for the applicable year or (ii) 150 days following the end of such fiscal year.

 

(c) Upon Employee's
execution of this Agreement, the Company will immediately grant to Employee an option to purchase 25,000 shares of the Company's
Common Stock with a vesting and strike price set as follows:

 

(i) 12,500 shares
vested immediately with a strike price of $0.001 per share

 

(ii) 6,250 shares
vested on the six month anniversary of this agreement if Employee is still working for the Company with a strike price of $0.001
per share.

 

(iii) 3,750 shares
vested on the first anniversary of this agreement if Employee is still working for the Company with a strike price of $0.001 per
share.

 

(iv) 2,500 shares
vested on the second anniversary of this agreement if Employee is still working for the Company with a strike price of $0.001 per
share.

 

(d) The options above shall vest according
to the above schedule, and can be exercised at any time, up to and including 24 months after expiration or termination of this
agreement. The options above shall be delivered to employee in the form of an option within 14 days of execution of this agreement
and approval by the board of directors.

 

(e)  Upon any
merger and/or acquisition transaction involving the Company, or a Change in Control of the Company, all of the stock options referred
to in Paragraphs 4(c) shall vest automatically and immediately.

 

(f) Employee will
have the right, at any time during the course of this agreement, and up to 6 months after the expiration of the term of this agreement
or any extension thereto, to convert any then unpaid compensation to Company stock at a price equal to 50% of the lowest
trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s
shares are traded or any exchange upon which the Common Stock may be traded in the future ("Exchange"), for the
ten prior trading days including the day upon which a Notice of Conversion is received by the Company, in
the form of registered securities (S8 shares). Employee shall notify the company in writing at least 5 business days prior to the
end of the month that the Employee elects to take said compensation in the form of stock. The company must make arrangements for
said stock transfer within 5 business days of the receipt of the written notification, and said stock must be delivered within
15 days of receipt of said notice to the Company or the Company shall be deemed in default, this agreement terminated, and all
compensation due shall be automatically accelerated and all unvested options shall become vested.

 

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(g) Employee will
be entitled to an annual salary increase of no less than 10% of the prior year’s annual salary to commence on the first day
after each year anniversary.

 

5. Benefits.

 

In addition to the
Base Salary and other compensation provided for in Section 4 above, Employee will be entitled to the following benefits during
the Employment Period:

 

		(a)	Employee will be entitled to participate in the Company's health
and welfare benefit programs and vacation and other benefit programs for which other employees of the Company are generally eligible,
subject to any eligibility requirements of such plans and programs. If the Company does not offer a health and welfare benefit
program, employee will be entitled to reimbursement of expenses paid by employee for a private health and benefit program up to
$350 each calendar month.

 

		(b)	The Company will reimburse Employee for all reasonable expenses incurred
by him in the course of performing his duties and responsibilities under this Agreement which are consistent with the Company's
policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company's
requirements with respect to reporting and documentation of such expenses. For purposes of Code Section 409A, any reimbursements
otherwise payable to Employee under this Section 4(b) shall be paid no later than the end of the calendar month following the month
in which related expense was incurred, the amount of expenses reimbursed in one month shall not effect the amount eligible for
reimbursement in any subsequent month, and Employee's right to reimbursement under this Agreement will not be subject to liquidation
or exchange for another benefit.

 

		(c)	The Company shall indemnify and hold harmless the Employee against
all claims arising out of Employee's actions or omissions occurring during Employee's employment with the Company to the fullest
extent provided (A) by the Company's Certificate of Incorporation and/or Bylaws, and (B) under the Nevada General Corporation Law,
as each may be amended from time to time. The Company shall maintain a Directors & Officers liability insurance policy ("D&O
Coverage") covering Employee to the same extent as the Company provides such coverage for its other executive officers and
directors. The Company agrees to make such policy available to Employee within 30 days of the commencement of his employment. The
aforesaid indemnification and hold harmless obligations shall include any costs or expenses (including attorneys' fees), judgments,
fines, losses, claims, damages or liabilities incurred in connection with any claim, action, suit, proceeding or investigation,
whether civil, criminal, administrative or investigative, by reason of the fact that the Employee is or was a director, officer,
employee or agent of the Company or any Subsidiary, whether asserted or claimed prior to, at or after the date of the Employee's
termination of employment, to the fullest extent permitted under applicable law and on a basis no less favorable than in existence
under the Company's Bylaws and Certificate of Incorporation in effect as of the Effective Date of this Agreement. This provision
shall survive the Employee's employment and require the Company to maintain a Directors & Officers liability insurance policy
("D&O Coverage") on behalf of the Employee, for a period of two (2) years.

 

6.  Termination.

 

		(a)	Notwithstanding Section 1 of this Agreement, Employee's employment
with the Company and the Employment Period will end on the earlier of (i) the Employee's death or mental or physical disability
or incapacity, such that he is unable to fulfill his duties and responsibilities, with or without a reasonable accommodation (as
determined by a physician selected by the Company in its good faith judgment), (ii) the Employee's resignation or (iii) termination
by the Company at any time with or without Cause (as defined below). Except as otherwise provided herein, any termination of the
Employment Period by the Company or by the Employee will be effective as specified in a written notice from the terminating Party
to the other Party.

 

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		(b)	If during the Employment Period the Employee's employment with the
Company is terminated pursuant to Section 6(a)(i) above, or is terminated by the Company with Cause or if the Employee
resigns for any reason other than Good Reason, then Employee will only be entitled to receive his Base Salary through the date
of termination and payment (at the rate of base salary then in effect) for any vacation time accrued during the portion of the
then-current calendar year ending with the date of such termination and not used prior to that date and will not be entitled to
any other salary, bonus, severance, compensation or benefits from the Company or any of its Subsidiaries or affiliates or their
benefit plans, other than vested retirement benefits or insurance continuation rights expressly required under applicable law (such
as the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA").

 

		(c)	If (i) Employee's employment with the Company is terminated during
the Employment Period by the Company without Cause or by the Employee with Good Reason and, in either case, (ii) Employee executes
a general release (the "Release") in favor of the Company, their Subsidiaries and their affiliates in form and
substance satisfactory to the Company within 25 days of such termination and such release becomes effective and is not revoked
or rescinded, (iii) Employee complies with the terms of this Agreement and the Release, and (iv) Employee has worked for the company
for at least one month, Employee will be entitled to receive as severance his Base Salary for a period equal to the number of complete
months he has worked for the Company, up to a maximum of twelve (12) months. The severance payments payable to Employee pursuant
to this clause (c) of this Section will be paid over time at the times and in the manner that his Base Salary is paid pursuant
to Section 3 hereof, beginning at the end of the first complete pay period following the sixtieth (60th) day after such
termination. Notwithstanding the foregoing, if the Company is a "public company" within the meaning of Internal Revenue
Code Section 409A, any amounts payable to Employee during the first six months and one day following the date of termination pursuant
to this Section 6(c) will be deferred until the date which is six (6) months and one day following such termination, and if such
payments are required to be so deferred the first payment will be in an amount equal to the total amount to which Employee would
otherwise have been entitled during the period following the date of termination of employment if deferral had not been required.

 

		(d)	Except as otherwise expressly provided herein, all of Employee' s
rights to salary, bonuses, fringe benefits, severance and other compensation hereunder or under any policy or program or benefit
plans of the Company or any of its Subsidiaries which might otherwise accrue or become payable on or after the termination of the
Employment Period will cease upon such termination other than vested retirement benefits or insurance continuation rights expressly
required under applicable law (such as COBRA).

 

		(e)	For purposes of this Agreement, "Cause" will mean
(i) conviction of a felony, (ii) repeated and continuous failure to perform lawful duties as reasonably directed by the Board and
only after written notice has been provided to Employee within 10 days after each such incident of failure, (iii) gross negligence
or willful misconduct with respect to the Company or any of its Subsidiaries or affiliates or in the performance of Employee's
duties hereunder, (iv) violating any of the terms of the Company's established rules or policies which, if curable, is not cured
to the Board's reasonable satisfaction within forty-five (45) days after written notice thereof to Employee, (v) any other material
breach of this Agreement or any other agreement between the Employee and the Company or any of its Subsidiaries which, if curable,
is not cured to the Board's reasonable satisfaction within fifteen (15) days after written notice thereof to Employee.

 

		(f)	For purposes of this Agreement, "Good Reason" will
mean (i) Employee is demoted to a position other than Chief Financial Officer, (ii) any material breach of this Agreement by the
Company, which breach is not cured within forty-five (45) business days following written notice to the Company of such breach,
or (iii) the Company requiring Employee, without Employee' s prior consent, to be permanently based at any office located more
than ten (10) miles from the Company's office at which Employee is based as of the date of this Agreement, excluding travel reasonably
required in the performance of Employee's duties hereunder, (iv) a Change of Control, or (v) the Company's liquidation, insolvency,
assignment for the benefit of creditor(s), or upon the filing of a petition in bankruptcy provided that in the case of clauses
(i), (ii), (iii), or (iv) an event or circumstance, (v) shall only constitute "Good Reason" during the ninety (90) day
period following the date of such assignment (after which it shall be deemed waived by Employee if prior thereto Employee has not
exercised his right to resign for "Good Reason"), (vi) shall only constitute "Good Reason" if Employee gives
written notice to the Company of his intent to terminate this Agreement and the Company fails to remedy the same within forty five
(45) days after such notice.

 

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7.  Non-Disparagement.

 

Employee agrees
not to disparage or impugn the Company, its subsidiaries, management employees or any members of its Board. Likewise, the Company,
its subsidiaries, the members of its Board and its management level employees will not disparage or impugn Employee. Any inquiries
regarding Employee will be forwarded to the CEO or other dis-interested Board member, who will provide a neutral employment reference
for Employee (which includes dates of employment, the position held, the duties of that position and with Employee's authorization,
compensation information).

 

8.  Confidential Information.

 

		(a)	Employee recognizes and acknowledges that the continued success of
the Company and its Subsidiaries depends upon the use and protection of a large body of confidential and proprietary information
and that Employee will have access to certain Confidential Information of the Company, its Subsidiaries and affiliates and Persons
with which the Company and its Subsidiaries do business, and that such Confidential Information constitutes valuable, special and
unique property of the Company, its Subsidiaries and affiliates and such other Persons. "Confidential Information" will
be interpreted to include all information of any sort (whether merely remembered or embodied in a tangible or intangible form)
that is (i) related to the Company's or its Subsidiaries' or affiliates' (including their predecessors) current or potential business
and (ii) not generally or publicly known. Confidential Information includes, without limitation, the information and data obtained
by Employee while employed by the Company and its Subsidiaries concerning the business or affairs of the Company or any of its
Subsidiaries or affiliates, including information concerning acquisition opportunities in or reasonably related to the Company's
or its Subsidiaries' or affiliates' business or industry, the identities of the current, former or prospective employees, suppliers
and customers of the Company or its Subsidiaries, development, transition and transformation plans, methodologies and methods of
doing business, strategic, marketing and expansion plans, financial and business plans, financial data, pricing information, employee
lists and telephone numbers, locations of sales representatives, new and existing customer or supplier programs and services, customer
terms, customer service and integration processes, requirements and costs of providing service, support and equipment, any or all
of which are not generally or publicly known. The Employee agrees that he will use the Confidential Information only as necessary
and only in connection with the performance of his duties hereunder. Employee agrees that he will not knowingly disclose to any
unauthorized Person or use for his own or any other purposes (except as described in the immediately preceding sentence) any Confidential
Information without the prior written consent of the Board, unless and to the extent that (a) the Confidential Information becomes
generally known to and available for use by the public other than as a result of Employee's acts or omissions or (b) Employee is
ordered by a court of competent jurisdiction to disclose Confidential Information, provided that Employee must (i) provide prompt
written notice to the Company of any relevant process or pleadings that could lead to such an order and (ii) cooperate with the
Company to contest, object to or limit such a request and, in any case, when revealing, such Confidential Information to such court
order.

 

		(b)	Employee understands that the Company and its Subsidiaries and affiliates
will receive from third parties confidential or proprietary information ("Third Party Information") subject to
a duty on the Company and its Subsidiaries and affiliates to maintain the confidentiality of such information and to use it only
for certain limited purposes. During the Employment Period and thereafter, and without in any way limiting the foregoing provisions
of this Section 8, Employee will hold Third Party Information in the strictest confidence and will not knowingly disclose to anyone
(other than personnel and consultants of the Company or its Subsidiaries and affiliates who need to know such information in connection
with their work for the Company or its Subsidiaries and affiliates) or use Third Party Information unless expressly authorized
by such third party or by the Board.

  

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		(c)	Employee will use in the performance of his duties only information
which is (i) generally known and used by persons with training and experience comparable to Employee's and which is (a) common
knowledge in the industry or (b) is otherwise legally in the public domain, (ii) is otherwise provided or developed by the Company
or any of its Subsidiaries or affiliates or (iii) in the case of materials, property or information belonging to any former employer
or other person or entity to whom Employee has an obligation of confidentiality, approved for such use in writing by such former
employer or other Person.

 

9. Return of Corporate Property.

Employee acknowledges
and agrees that all notes, records, reports, sketches, plans, unpublished memoranda or other documents, whether in paper, electronic
or other form (and all copies thereof), held by Employee concerning any information relating to the business of the Company or
any of its Subsidiaries, whether confidential or not, are the property of the Company. Employee will deliver to the Company at
the termination or expiration of the Employment Period, or at any other time the Company may request, all equipment, files, property,
memoranda, notes, plans, records, reports, printouts and software and other documents and data (and all electronic, paper or other
copies thereof) belonging to the Company or any of its Subsidiaries which he may then possess or have under his control.

 

10. Intellectual Property Rights.

 

Employee acknowledges
and agrees that all inventions, technology, processes, innovations, ideas, improvements, developments, methods, designs, analyses,
trademarks, service marks, and other indicia of origin, writings, audiovisual works, concepts, drawings, reports and all similar,
related, or derivative information or works (whether or not patentable or subject to copyright), including but not limited to all
patents, copyrights, copyright registrations, trademarks, and trademark registrations in and to any of the foregoing, along with
the right to practice, employ, exploit, use, develop, reproduce, copy, distribute copies, publish, license, or create works derivative
of any of the foregoing, and the right to choose not to do or permit any of the aforementioned actions, which relate to the Company's
or any of its Subsidiaries' or affiliates' actual or anticipated business, research and development or existing or future products
or services and which are conceived, developed or made by Employee while employed by the Company and its Subsidiaries or any of
their predecessors (collectively, the "Work Product") belong to the Company or such Subsidiary. All Work Product
created by Employee while employed by the Company or any of its predecessors will be considered "work made for hire,"
and as such, the Company is the sole owner of all rights, title, and interests therein. All other rights to any new Work Product
and all rights to any existing Work Product, including but not limited to all of Employee's rights to any copyrights or copyright
registrations related thereto, are conveyed, assigned and transferred to the Company pursuant to this Agreement. Employee will
promptly disclose and deliver such Work Product to the Company and, at the Company's expense, perform all actions reasonably requested
by the Company (whether during or after the Employment Period) to establish, confirm and protect such ownership (including, without
limitation, the execution of assignments, copyright registrations, consents, licenses, powers of attorney and other instruments).

 

11. Employee's Representations.

 

Employee hereby
represents and warrants to the Company that (i) he has entered into this Agreement of his own free will for no consideration other
than as referred to herein, (ii) the execution, delivery and performance of this Agreement by Employee does not and will not conflict
with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree to which Employee
is a party or by which Employee is bound, (iii) Employee is not a party to or bound by any employment, non-competition, confidentiality
or other similar agreement with any other Person and (iv) upon the execution and delivery of this Agreement by the Company, this
Agreement will be the valid and binding obligation of Employee, enforceable in accordance with its terms. Employee hereby acknowledges
and represents that Employee has had the opportunity to consult with independent legal counsel regarding Employee's rights and
obligations under this Agreement and that Employee fully understands the terms and conditions contained herein.

 

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12. Definitions.

 

"Board" means the Board
of Directors of the Company.

 

"Business" means the
business (whether conducted or to be conducted in the future) of (a) developing, providing, marketing and selling medicine safes
with fingerprint technology, and (b) providing any other products or services which the Company or any of its Subsidiaries provide
during the Employment Period.

 

"Change of Control"
means the occurrence of any of the following events, whether in one or a series of related transactions: (a) the acquisition of
at least fifty percent (50%) of the then outstanding shares of common stock of RX Safes, Inc. by any Person or entity, (b) the
acquisition of all or substantially all of the assets of RX Safes, Inc., or (c) any merger or consolidation of RX Safes, Inc.,
provided that the events described in clause (b) or (c) of this definition will not be deemed a Change of Control if more than
fifty percent (50%) of the then outstanding shares of common stock of the acquiring entity or surviving entity (in the case of
a merger) are owned by Persons who, immediately prior to such event, owned more than fifty percent (50%) of the then outstanding
shares of common stock of RX Safes, Inc., as the case may be. In determining whether the fifty percent (50%) threshold discussed
above has been met, shares which are subject to voting control by a Person or Persons acting under a voting agreement (but not
a revocable proxy) will be counted, even though such shares may not be owned by such Person.

 

"Customer" means any
Person who: (a) purchased products or services from the Company or any Subsidiary during the two years prior to the date of termination
of Employee's employment.

 

"Person" means any
natural person, corporation, general partnership, limited partnership, limited liability company or partnership, proprietorship,
other business organization, trust, union, association or governmental or regulatory entities, department, agency or authority.

 

"Subsidiaries" means
any corporation, limited liability company or other entity of which the securities or other ownership interests having the voting
power to elect a majority of the board of directors or other governing body are, at the time of determination, owned by the Company
or any corporation or other entity of which the Company or one of its Subsidiaries serves as the managing member or in a similar
capacity, in each case either directly or through one or more Subsidiaries, the names and addresses of which will be provided to
the Employee upon execution of this Agreement .

 

13. Survival.

 

Sections 7, 8, 9
and 10 will survive and continue in full force in accordance with their terms notwithstanding the termination of the Employment
Period.

 

14. Notices.

 

Any notice provided
for in this Agreement will be in writing and will be either personally delivered, sent by reputable overnight courier service,
sent by facsimile (with hard copy to follow by regular mail) or mailed by first class mail, return receipt requested, to the recipient
at the address below indicated:

 

Notices to the Employee:

 

J. Richard Iler

 

Email: Rick.Iler@infogpsnetworks.com

 

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Notices to the Company:

 

Rx Safes, Inc.

170 South Green Valley Parkway, Suite
300

Henderson, NV 89012

lorraine@rxsafes.com

 

or such other address or to the attention
of such other person as the recipient Party will have specified by prior written notice to the sending Party. Any notice under
this Agreement will be deemed to have been given when so delivered, sent or mailed.

 

15. Severability.

 

Whenever possible,
each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable Jaw, but if any
provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in
any jurisdiction ,such invalidity, illegality or unenforceability will not affect any other provision or any action in any other
jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable
provision had never been contained herein.

 

16. Complete Agreement.

 

This Agreement embodies
the complete agreement and understanding among the Parties and supersedes and preempts any prior understandings, agreements or
representations by or among the Parties, written or oral, which may have related to the subject matter hereof in any way.

 

17. Counterparts.

 

This Agreement may
be executed in separate counterparts (including by facsimile and electronic signature pages), each of which is deemed to be an
original and all of which taken together constitute one and the same agreement.

 

18. No Strict Construction.

 

The parties hereto
jointly participated in the negotiation and drafting of this Agreement. The language used in this Agreement will be deemed to be
the language chosen by the parties hereto to express their collective mutual intent, this Agreement will be construed as if drafted
jointly by the parties hereto, and no rule of strict construction will be applied against any Person.

 

19. Successors and Assigns.

 

This Agreement is
intended to bind and inure to the benefit of and be enforceable by Employee, the Company and their respective heirs, successors
and assigns. Employee may not assign his rights or delegate his duties or obligations hereunder without the prior written consent
of the Company. The Company may assign its rights and obligations hereunder (including without limitation its rights under Section
IO), without the consent of, or notice to, the Employee, to any of the Company's affiliates or any Subsidiary of the Company. In
the event of a Change of Control, the Company will assign this Agreement to the Person that acquires the Company and retains the
Employee, in which case all references to the Company will refer to such assignee.

 

 

20. Choice of Law; Exclusive
Venue.

 

THIS
AGREEMENT, AND ALL ISSUES AND QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS
AGREEMENT, WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEVADA, WITHOUT GIVING
EFFECT TO ANY CHOICE OF LAW OR CONFLICT OF LAW RULES OR PROVISIONS {WHETHER OF THE STATE OF NEVADA OR ANY OTHER JURISDICTION)
THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE. THE PARTIES AGREE THAT ALL
DISPUTES, LEGAL ACTIONS, SUITS AND PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT MUST BE BROUGHT EXCLUSIVELY IN A
FEDERAL DISTRICT COURT LOCATED IN LAS VEGAS, NEVADA OR THE SUPERIOR COURT LOCATED IN LAS VEGAS, NEVADA(COLLECTIVELY THE
"DESIGNATED COURTS"). EACH PARTY HEREBY CONSENTS AND SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE DESIGNATED
COURTS. NO LEGAL ACTION, SUIT OR PROCEEDING WITH RESPECT TO THIS AGREEMENT MAY BE BROUGHT IN ANY OTHER FORUM. EACH PARTY
HEREBY IRREVOCABLY WAIVES ALL CLAIMS OF IMMUNITY FROM JURISDICTION AND ANY OBJECTION WHICH SUCH PARTY MAY NOW OR HEREAFTER
HAVE TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING IN ANY DESIGNATED COURT, INCLUDING ANY RIGHT TO OBJECT ON THE
BASIS THAT ANY DISPUTE, ACTION, SUIT OR PROCEEDING BROUGHT IN THE DESIGNATED COURTS HAS BEEN BROUGHT IN AN IMPROPER OR
INCONVENIENT FORUM OR VENUE. EACH OF THE PARTIES ALSO AGREES THAT DELIVERY OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT TO A
PARTY HEREOF IN COMPLIANCE WITH SECTION 13 OF THIS AGREEMENT SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY ACTION, SUIT OR
PROCEEDING IN A DESIGNATED COURT WITH RESPECT TO ANY MATTERS TO WHICH THE PARTIES HAVE SUBMITTED TO JURISDICTION AS SET FORTH
ABOVE.

 

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21. Mutual Waiver of Jury Trial.

 

THE PARTIES EACH
WAIVE THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS
AGREEMENT IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES AGAINST ANY OTHER PARTY OR ANY
AFFILIATE OF ANY OTHER SUCH PARTY, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS OR OTHERWISE. THE PARTIES EACH AGREE THAT
ANY SUCH CLAIM OR CAUSE OF ACTION WILL BE TRIED BY A JUDGE WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING, THE PARTIES FURTHER
AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION , COUNTERCLAIM OR
OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT OR ANY PROVISION
HEREOF. THIS WAIVER WILL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT.

 

22. Business Days.

 

If any time period
for giving notice or taking action hereunder expires on a day which is a Saturday, Sunday or legal holiday in the state in which
the Company's chief-executive office is located, the time period shall automatically be extended to the business day immediately
following such Saturday, Sunday or legal holiday.

 

23. Withholding.

 

The Company and
its Subsidiaries will be entitled to deduct or withhold from any amounts owing to Employee any federal, state, local or foreign
withholding taxes, excise tax, or employment taxes ("Taxes") imposed with respect to Employee' s compensation
or other payments from the Company or any of its Subsidiaries or Employee' s ownership interest in the Company or any of its Subsidiaries
or its parent (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt
or vesting of restricted equity).

 

24. Assistance in Proceedings.

 

During the Employment
Period and for twelve (12) months thereafter, Employee will reasonably cooperate with the Company and its Subsidiaries in any internal
investigation or administrative, regulatory or judicial proceeding as reasonably requested by the Company (including, without limitation,
Employee being available to the Company and its Subsidiaries upon reasonable notice for interviews and factual investigations,
appearing at the Company's request to give testimony without requiring service of a subpoena or other legal process, volunteering
to the Company and its Subsidiaries all pertinent information and turning over to the Company and its Subsidiaries all relevant
documents which are or may come into Employee' s possession, all at times and on schedules that are reasonably consistent with
Employee' s other permitted activities and commitments). In the event the Company requires Employee's cooperation in accordance
with this Section 24, the Company will pay Employee a reasonable per diem as determined by the Board and reimburse Employee
for reasonable expenses incurred in connection therewith (including lodging and meals, upon submission of receipts).

 

25. Amendment and Waiver.

 

The provisions of
this Agreement may be amended or waived only with the prior written consent of the Company and Employee, and no course of conduct
or course of dealing or failure or delay by any Party hereto in enforcing or exercising any of the provisions of this Agreement
will affect the validity, binding effect or enforceability of this Agreement or be deemed to be an implied waiver of any provision
of this Agreement.

 

    	 	9	 

     

    

 

26. 409A.

 

It is intended that
any amounts payable under this Agreement shall comply with the provisions of Section 409A of the Internal Revenue Code of 1986,
as amended (the "Code"), and this Agreement shall be construed and interpreted consistent with that intent. Employee
and the Company agree to agree to make such reasonable amendments to this Agreement as may be necessary to avoid the imposition
of penalties and additional taxes on Employee under Code Section 409A of the Code. For purposes of Code Section 409A, (i) references
herein to the Employee's ''termination of employment" or like references shall refer to the Employee's "separation from
service" with the Company within the meaning of Section 409A of the Code and the Treasury Regulations thereunder and (ii)
each amount payable under this Agreement as a result of the separation of the Employee's service shall constitute a "separate
payment within the meaning of Treasury Regulation §l.409A- 2(b)(2)(iii),and each such payment shall at all times be considered
a separate and distinct payment for all purposes of Code Section 409A. Employee acknowledges and agrees that notwithstanding this
Section 26 or any other provision of this Agreement, the Company is not providing any tax advice with respect to Code Section 409A
or otherwise and is not making any guarantees or other assurances of any kind to Employee with respect to the tax consequences
or treatment of any amounts paid or payable to Employee hereunder.

 

IN WITNESS WHEREOF, the Parties
hereto have executed this Employment Agreement as of the date first written above.

 

 

For the Employee

 

/s/ J. Richard Iler 

J. Richard Iler   

 

 

For Rx Safes, Inc.

 

/s/ Lorraine Yarde 

Lorraine Yarde, CEO, 

 

    	 	10PROPERTY MANAGEMENT AGREEMENT

            THIS PROPERTY MANAGEMENT AGREEMENT (this "Agreement") is entered into as of December 11, 2014 among Three SAC Self-Storage Corporation, a Nevada corporation ("Owner"), and U-Haul Co (Canada), Ltd.  ("Manager").

            RECITALS

            A.Owner is the lessee of the real property and all improvements thereon and appurtenances thereto located at the street addresses identified on Exhibit A hereto (hereinafter, collectively the “Property”).

             

            B.Owner intends that the Property be rented on a space-by-space retail basis to corporations, partnerships, individuals and/or other entities for use as self-storage facilities.

             

            C.Owner desires that Manager manage the Property and Manager desires to act as the property manager for the Property, all in accordance with the terms and conditions of this Agreement.

             

            NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto hereby agree as follows.

             

            	Employment.	             Owner hereby retains Manager, and Manager agrees to act as manager of the Property upon the terms and conditions hereinafter set forth. Any prior property management agreement between Owner and Manager is hereby terminated.  
	            Owner acknowledges that Manager, and/or Manager affiliates, is in the business of managing self-storage facilities and businesses conducted thereat, including, but not limited to, the sale of packing supplies and rental of trucks and equipment, both for its own account and for the account of others.  It is hereby expressly agreed that notwithstanding this Agreement, Manager and such affiliates may continue to engage in such activities, may manage facilities other than those presently managed by Manager and its affiliates (whether or not such other facilities may be in direct or indirect competition with Owner) and may in the future engage in other business which may compete directly or indirectly with activities of Owner.  
	             In the performance of its duties under this Agreement, Manager shall occupy the position of an independent contractor with respect to Owner.  Nothing contained herein shall be construed as making the parties hereto (or any of them) partners or co-parties to a joint venture, nor construed as making Manager an employee of Owner.

	Duties and Authority of Manager.

            Subject to the terms and conditions of this Agreement, on behalf of, and as agent of, the Owner:

            	             General Duties and Authority.  Manager shall have the sole and exclusive duty and authority to fully manage the Property and supervise and direct the business and affairs associated or related to the daily operation thereof, to collect on behalf of Owner all revenues related

        
            

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            	 to the Property, to pay on behalf of Owner all expenses of the Property, and to execute on behalf of Owner such documents and instruments as, in the sole judgment of Manager, are reasonably necessary or advisable under the circumstances in order to fulfill Manager's duties hereunder.  Such duties and authority shall include, without limitation, those set forth below.  Notwithstanding the foregoing or any other term or provision herein, upon notice to Manager, Owner shall have the right to assume responsibility for the direct payment of certain expenses of Owner, as may be determined by Owner.  In such event, Owner shall provide an accounting of such costs to Manager.  In the event Owner fails to provide such accounting to Manager, Manager shall assume no liability for nonpayment for such expenses so assumed by Owner.   The parties acknowledge and agree that Owner will retain title to, ownership of, and exclusive right to control the Property, subject to the terms of this Agreement, and that portion of the Gross Revenue (as hereinafter defined) owned by Owner (“Owner’s Revenue”); and that Manager will not acquire title to, any interest in, or any income or revenues from the Property or Owner’s Revenue.  For purposes of this Agreement, Owner’s Revenue consists of the revenue from storage operations, retail sales, miscellaneous income and the commissions (“U-Move Commissions”) paid to Owner pursuant to the terms of that Dealer Contract between Owner and Manager dated as of the date hereof (the “Dealer Contract”), in each case with respect to the Property. In performing its services and making any payments hereunder, Manager will make known to third parties that Manager is acting solely as the agent of Owner.  Under no circumstances will Manager represent or hold itself out to any third party as having any title to or property interest in the Property or Owner’s Revenue.  
	            Renting of the Property.  Manager shall establish policies and procedures for the marketing activities for the Property, and shall advertise the Property through such media as Manager deems advisable.  Manager's marketing activities for the Property shall be consistent with the scope and quality implemented by Manager and its affiliates at any other properties operated by Manager or its affiliates.  Manager shall have the sole discretion, which discretion shall be exercised in good faith, to establish the terms and conditions of occupancy by the tenants of the Property, and Manager is hereby authorized to enter into rental agreements on behalf and for the account of Owner with such tenants and to collect rent from such tenants on behalf and for the account of Owner. Manager may jointly advertise the Property with other properties owned or managed by Manager or its Affiliates, and in that event, Manager shall reasonably allocate the cost of such advertising among such properties.
	             Repair, Maintenance and Improvements.  Manager shall make, execute, supervise and have control over the making and executing of all decisions concerning the acquisition of furniture, fixtures and supplies for the Property, and may purchase, lease or otherwise acquire the same and which items shall be owned by Manager.  Manager shall make and execute, or supervise and have control over the making and executing of all decisions concerning the maintenance, repair and landscaping of the Property, provided, however, that such maintenance, repair and landscaping shall be consistent with the maintenance, repair and landscaping implemented by Manager and its affiliates at any other properties operated by Manager or its affiliates.  Manager shall, on behalf of Owner, negotiate and contract for and supervise the installation of all capital improvements related to the Property; provided, however, that Manager agrees to secure the prior written approval of Owner on all such expenditures in excess of $10,000.00 for any one item, except monthly or recurring operating charges and/or emergency repairs if in the opinion of Manager such emergency repairs are necessary to protect the Property from damage or to maintain services to the Owner or any customers.  In the event such emergency repairs exceed $10,000, Manager shall notify Owner and the insurer as applicable of the cost estimate for such work.

        
            

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            	            Personnel.  Manager shall select all vendors, suppliers, contractors, subcontractors and employees with respect to the Property and shall hire, discharge and supervise all labor and employees required for the operation and maintenance of the Property.  Any employees so hired shall be employees of Manager, and shall be carried on the payroll of Manager.  Employees may include, but need not be limited to, on-site resident managers, on-site assistant managers, and relief managers located, rendering services, or performing activities on the Property in connection with its operation and management.  The cost of employing such persons shall not exceed prevailing rates for comparable persons performing the same or similar services with respect to real estate similar to the Property in the general vicinity of each respective Property.  Manager shall be responsible for all legal and insurance requirements relating to its employees.
	             Service Agreements.  Manager shall negotiate and execute on behalf of Owner such agreements which Manager deems necessary or advisable for the furnishing of utilities, services, concessions and supplies, for the maintenance, repair and operation of the Property and such other agreements which may benefit the Property or be incidental to the matters for which Manager is responsible hereunder.
	              Other Decisions.  Manager shall make the decisions in connection with the day-to-day operations of the Property.
	            Regulations and Permits.  Manager shall comply in all respects with any statute, ordinance, law, rule, regulation or order of any governmental or regulatory body pertaining to the Property (collectively, "Laws"), respecting the use of the Property or the maintenance or operation thereof, the non-compliance with which could reasonably be expected to have a material adverse effect on Owner or any Property.  Manager shall apply for and obtain and maintain, on behalf of Owner, all licenses and permits required or advisable (in the reasonable judgment of Manager) in connection with the management and operation of the Property.  Notwithstanding the foregoing, Manager shall be permitted to contest any Applicable Laws to the extent and pursuant to the same conditions that Owner is permitted to contest any Laws.  To the extent that Manager does not comply, Manager will be responsible for the costs and penalties incurred as a result of the non-compliance.
	            Records and Reports of Disbursements and Collections.  Manager shall establish, supervise, direct and maintain the operation of a system of cash record keeping and bookkeeping with respect to all receipts and disbursements and all business activities and operations conducted by Manager in connection with the management and operation of the Property.  Manager shall be responsible for cash shortages and discrepancies incurred in the normal course of management operations.  The books, records and accounts shall be maintained at the Manager's office or at Owner's office, or at such other location as Manager and Owner shall determine, and shall be available and open to examination and audit quarterly by Owner, its representatives, its lender, if any (“Lender”), and as provided by Owner, and, subject to any mortgagee of the Property, and such mortgagee's representative.  Manager shall cause to be prepared and delivered to Owner a monthly statement on a per-Property basis, of receipts, expenses and charges, and any other information as reasonably required by Owner to prepare its financials statements, together with a statement, on a per-Property basis, of the disbursements made by Manager during such period on Owner's behalf, which shall include separate lines for prepaid items and inventory.  Manager shall provide Owner with rent rolls and occupancy reports if requested.

        
            

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            	              Collection.  Manager shall be responsible for the billing and collection of all receipts and for payment of all expenses with respect to the Property and shall be responsible for establishing policies and procedures to minimize the amount of bad debts. Bad debt incurred as a result of non compliance with management policies and procedures (such as improper verifications or acceptance of bad credit cards or bad checks) will be the responsibility of Manager.  
	              Legal Actions.  Manager shall cause to be instituted, on behalf and in its name or in the name of Owner as appropriate, any and all legal actions or proceedings Manager deems necessary or advisable in connection with the Property, including, without limitation, to collect charges, rent or other income due to Owner with respect to the Property and to oust or dispossess tenants where appropriate or other persons unlawfully in possession under any lease, license, concession agreement or otherwise, and to collect damages for breach thereof or default thereunder by such Owner, licensee, concessionaire or occupant.
	            Insurance.  Manager will insure, on its Master Policy, against all liabilities at the Property at Manager’s sole cost and expense (“General Liability Insurance”). Any deductibles or self-insured retentions with respect to the General Liability Insurance shall be at Manager’s (or Manager’s U-Haul affiliates’) responsibility and sole cost and expense.   Manager will insure equipment at Manager’s cost, as determined by Manager.  If requested by Owner, Manager will obtain for Owner, at Owner’s sole cost and expense, a policy of property insurance (“Property and Casualty Insurance”).  Any such Property & Casualty Insurance shall meet Lender’s required coverage, to include earthquake, flood and other Lender requirements, as the case may be, and shall be the cost of Owner.  
	              Taxes.  During the term of this Agreement, Manager shall pay on behalf of Owner, prior to delinquency, real estate taxes, personal property taxes, and other taxes assessed to, or levied upon, the Property, but only in the event requested by Owner.  If requested, Manager will charge to Owner an expense monthly equal to 1/12 of annual- real property taxes.
	          Limitations on Manager Authority.  Notwithstanding anything to the contrary set forth in this Section 2, Manager shall not, without obtaining the prior written consent of Owner, (i) rent storage space in the Property by written lease or agreement for a stated term in excess of one year unless such lease or agreement is terminable by the giving of not more than thirty (30) days written notice, (ii) alter the building or other structures of the Property in violation of loan documents executed by Owner in connection with the Property (“Loan Documents”); (iii) enter on behalf of Owner any other agreements which exceed a term of one year and are not terminable on thirty day's notice at the will of Owner, without penalty, payment or surcharge; (iv) act in violation of any Law, (v) violate any term or condition of the Loan Documents; (vi) fail to correct any misunderstanding of any third party of which Manager becomes aware as to the separateness of Owner and Manager; or (vii) except as explicitly set forth in this Agreement, exercise any authority to act on behalf of, or hold itself out has having authority to act on behalf of, Owner.  
	            Shared Expenses.  Owner acknowledges that certain economies may be achieved with respect to certain expenses to be incurred by Manager on behalf of Owner hereunder if materials, supplies, insurance or services are purchased by Manager in quantity for use not only in connection with Owner's business at the Property but in connection with other properties owned or managed by Manager or its affiliates.  Manager shall have the right to purchase such materials, supplies, insurance (subject to the terms of this Agreement) and/or services in its own name and charge Owner a pro rata allocable share of the cost of the foregoing; provided, however, that the pro

        
            

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                	 rata cost of such purchase to Owner shall not result in expenses that are either inconsistent with the expenses of other "U-Haul branded" locations in the general vicinity of the applicable Property or greater than would otherwise be incurred at competitive prices and terms available in the area where the Property is located; and provided further, Manager shall give Owner access to records (at no cost to Owner) so Owner may review any such expenses incurred.
	            Deposit of Gross Revenues.  All revenue from operations at the Property (“Gross Revenue”) shall be deposited daily by Manager into (i) a bank account that has been established for the benefit of Owner (the “Deposit Account”) and maintained by Manager (or its parent company); or (ii) a collective bank account (the “Collective Account”) maintained by Manager (or its parent company) for the benefit of multiple property owners.  In either case, although the account may be in Owner’s name, Owner’s right to the proceeds therein only extends to Owner’s Revenue.  On a daily basis, Manager shall transfer Owner’s Revenue in the Deposit Account or Collective Account, as the case may be, to Owner’s separately identified depositary account pledged to Lender (“Blocked Account”). To the extent that Gross Revenue is deposited into a Collective Account, Manager (or its parent company) shall on a daily basis reconcile such Collective Account and maintain such records as shall clearly identify the respective interest of each property owner in such account.  Manager shall not, and shall not permit any other property owner or any affiliate of Manager to borrow, lend or use Owner’s Revenue while it is in a Collective Account.  The payment of Owner’s U-Move Commissions shall be governed by the terms of the Dealer Contract.    Nothing in this Section shall be construed to limit Owner’s access to Owner’s Revenue.  All funds shall be deposited and applied as required pursuant to Owner’s loan documents with Lender.  
	            Obligations under Loan Documents and other Material Contracts.  Manager shall take such actions as are necessary or appropriate under the circumstances to ensure, to the extent Manager is privy to the information, that Owner is in compliance with the terms of the Loan Documents and any other material agreement relating to the Property to which Owner is a party and for which Manager is privy to the information.  Notwithstanding the foregoing, nothing herein contained shall be deemed to obligate Manager to fund from its own resources any payments owed by Owner under the Loan Documents or otherwise be deemed to make Manager a direct obligor under the Loan Documents.
	            Obligations notwithstanding other Tenancy at the Property.  Manager shall perform all of its obligations under this Agreement in a professional manner consistent with the standards it employs at all of its managed locations.  
	              Segregation.   Owner and Manager shall maintain the Property and Owner’s Revenue in such a manner that it is not costly or difficult to segregate, ascertain or identify Owner’s individual assets from those of Manager or any other person.   

	Duties of Owner.  

            Owner shall cooperate with Manager in the performance of Manager's duties under this Agreement and to that end, upon the request of Manager, shall provide, at such rental charges, if any, as are deemed appropriate, reasonable office space for Manager employees on the premises of the Property (to the extent available). Owner shall not unreasonably withhold or delay any consent or authorization to Manager required or appropriate under this Agreement.  Owner shall provide Manager with copies of all Loan Documents and any amendments thereto.  

        
            

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            	Compensation of Manager.	             Reimbursement of Expenses.  Manager shall be entitled to request and receive timely reimbursement for all timely authorized out-of-pocket reasonable and customary expenses (“Expenses”) actually incurred by Manager in the discharge of its duties hereunder.  Such expense reimbursement shall be due by the last business day of each month, for all expenses billed during such month, unless a written request is received by Manager detailing a legitimate dispute as to a billed amount.    Such reimbursement shall be the obligation of Owner, whether or not Owner’s Revenues are sufficient to pay such amounts.  Unpaid balances shall accrue interest at the rate of the 30 day libor + 100 basis points, commencing as of the first day of the month following the due date therefor, or the first day of the month  following resolution of the dispute. 
	            Management Fee.  Owner shall pay to Manager as the full amount due for the services herein provided a monthly fee (the “Management Fee”) which shall be six percent (6%) of the Property’s current month Owner’s Revenue, as determined on a cash basis.  The Management Fee payment shall be included with the reimbursement of Expenses pursuant to Section 4(a) above, for the same month.  The invoice for the management fee shall be itemized and shall include reasonable detail to explain the expenses incurred. 

            Except as provided in this Section 4, it is further understood and agreed that Manager shall not be entitled to additional compensation of any kind in connection with the performance by it of its duties under this Agreement.

            	             Inspection of Books and Records.  Owner shall have the right, upon prior reasonable notice to Manager, to inspect Manager's books and records with respect to the Property, to assure that proper fees and charges are assessed hereunder.  Manager shall cooperate with any such inspection.  Owner shall bear the cost of any such inspection; provided, however, that if it is clearly demonstrated that Manager has overcharged Owner by more than 5% in any given quarter and such overcharge was not caused in whole pr part by Owner, the cost of such inspection shall be borne by Manager. Manager shall promptly reimburse Owner for any overpayment.

            	Use of Trademarks, Service Marks and Related Items.

            Owner acknowledges the significant value of the "U-Haul" name in the operations of Owner's property and it is therefore understood and agreed that the name, trademark and service mark "U-Haul", and related marks, slogans, caricatures, designs and other trade or service items (the "Manager Trade Marks") shall be utilized for the non-exclusive benefit of Owner in the rental and operation of the Property, and in comparable operations elsewhere.  It is further understood and agreed that this name and all such marks, slogans, caricatures, designs and other trade or service items shall remain and be at all times the property of Manager and its affiliates, and that, except as expressly provided in this Agreement, Owner shall have no right whatsoever therein.  Owner agrees that during the term of this agreement the sign faces at the property will have the name "U-Haul."  Upon termination of this agreement at any time for any reason, all such use by and for the benefit of Owner of any such name, mark, slogan, caricature, design or other trade or service item in connection with the Property shall be terminated and any signs bearing any of the foregoing shall be removed from view and no longer used by Owner.  In addition, upon termination of this Agreement at any time for any reason, Owner shall not enter into any new leases of Property using the Manager lease form or use other forms prepared by Manager.  It is understood and agreed that Manager will use and shall be unrestricted in its use of such name, mark, slogan, caricature, design or other trade or

        
            

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             service item in the management and operation of other storage facilities both during and after the expiration or termination of the term of this Agreement.  

            	Default; Termination.  	             Any material failure by Manager or Owner (a "Defaulting Party") to perform its respective duties or obligations hereunder (other than a default by Owner under Section 4 of this Agreement), which material failure is not cured within thirty (30) calendar days after receipt of written notice of such failure from the non-defaulting party, shall constitute an event of default hereunder; provided, however, the foregoing shall not constitute an event of default hereunder in the event the Defaulting Party commences cure of such material failure within such thirty (30) day period and diligently prosecutes the cure of such material failure thereafter but in no event shall such extended cure period exceed ninety (90) days from the date of receipt by the non-defaulting party of written notice of such material default; provided further, however, that in the event such material failure constitutes a default under the terms of the Loan Documents and the cure period for such matter under the Loan Documents is shorter than the cure period specified herein, the cure period specified herein shall automatically shorten such that it shall match the cure period for such matter as specified under the Loan Documents. In addition, following notice to Manager of the existence of any such material failure by Manager, Owner shall have the right to cure any such material failure by Manager, and any sums so expended in curing shall be owed by Manager to such curing party and may be offset against any sums owed to Manager under this Agreement.
	            Any material failure by Owner to perform its duties or obligations under Section 4, which material failure is not cured within ten (10) calendar days after receipt of written notice of such failure from Manager, shall constitute an event of default hereunder.  
	             Subject to the terms of the Loan Documents, either party hereto shall have  the right to terminate this Agreement, with or without cause, by giving not less than ninety (90) days' written notice to the other party hereto,  pursuant to Section 14 hereof.   
	            Upon termination of this Agreement, (x) Manager shall promptly return to Owner all monies, books, records and other materials held by Manager for or on behalf of Owner and shall otherwise cooperate with Owner to promote and ensure a smooth transition to the new manager and (y) Manager shall be entitled to receive its Management Fee and reimbursement of expenses through the effective date of such termination, including the reimbursement of any prepaid expenses for periods beyond the date of termination (such as Yellow Pages advertising).    

	Indemnification.  

            Manager hereby agrees to indemnify, defend and hold Owner, all persons and companies affiliated with Owner, and all officers, shareholders, directors, employees and agents of Owner and of any affiliated companies or persons (collectively, the "Indemnified Persons") harmless from any and all costs, expenses, attorneys' fees, suits, liabilities, judgments, damages, and claims in connection with the management of the Property and operations thereon (including the loss of use thereof following any damage, injury or destruction), arising from any cause or matter whatsoever, including, without limitation, any environmental condition or matter caused by Manager’s operation of the Property, except to the extent attributable to the willful misconduct or negligence on the part of the Indemnified Persons. 

        
            

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            	Assignment.  

            Manager shall not assign this Agreement, or any portion hereof of the duties hereunder, to any party without the consent of Owner.

            	Standard for Property Manager's Responsibility.

            Manager agrees that it will perform its obligations hereunder according to industry standards, in good faith, and in a commercially reasonable manner.  

            	Estoppel Certificate.  

            Each of Owner and Manager agree to execute and deliver to one another, from time to time, within ten (10) business days of the requesting party's request, a statement in writing certifying, to the extent true, that this Agreement is in full force and effect, and acknowledging that there are not, to such parties knowledge, any uncured defaults or specifying such defaults if they are claimed and any such other matters as may be reasonably requested by such requesting party.

            	Term; Scope.

            Subject to the provisions hereof, this Agreement shall have an initial term (such term, as extended or renewed in accordance with the provisions hereof, being called the "Term") commencing on the date hereof (the "Commencement Date") and ending on the later of (i) the last day of the two hundred and fortieths (240th) calendar month next following the date hereof or (ii) the maturity date, repayment or prepayment of the applicable Loan Documents ( (the "Expiration Date"); provided however, the parties shall have the right upon mutual agreement to terminate this Agreement with respect to any individual Property no longer subject to the Loan Documents (for instance due to a significant casualty or condemnation of such Property).      

            	Headings.

            The headings contained herein are for convenience of reference only and are not intended to define, limit or describe the scope or intent of any provision of this Agreement.

            	Governing Law.

            The validity of this Agreement, the construction of its terms and the interpretation of the rights and duties of the parties shall be governed by the internal laws of the State of Nevada.

            	Notices.

            Any notice required or permitted herein shall be in writing and shall be personally delivered or mailed first class postage prepaid or delivered by an overnight delivery service to the respective addresses of the parties set forth above on the first page of this Agreement, or to such other address as any party may give  to the other in writing.  Any notice required by this Agreement will be deemed to have been given when personally served or one day after delivery to an overnight delivery service or five days after deposit in the first class mail. Any notice to Owner shall be to the attention of c/o U-Haul International, Inc., 2727 N. Central Avenue, Phoenix, AZ  85004, Attn:  Secretary. Any notice to Manager shall be to the attention of c/o U-Haul International, Inc., 2721 North Central Avenue, Phoenix, AZ 85004, Attn:  Chief Financial Officer.

             

             

        
            

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            	Severability.

            Should any term or provision hereof be deemed invalid, void or unenforceable either in its entirety or in a particular application, the remainder of this Agreement shall nonetheless remain in full force and effect and, if the subject term or provision is deemed to be invalid, void or unenforceable only with respect to a particular application, such term or provision shall remain in full force and effect with respect to all other applications.

            	Successors.

            This Agreement shall be binding upon and inure to the benefit of the respective parties hereto and their permitted assigns and successors in interest.

            	Attorneys' Fees.

            If it shall become necessary for any party hereto to engage attorneys to institute legal action for the purpose of enforcing their respective rights hereunder or for the purpose of defending legal action brought by the other party hereto, the party or parties prevailing in such litigation shall be entitled to receive all costs, expenses and fees (including reasonable attorneys' fees) incurred by it in such litigation (including appeals).

            18.Counterparts.

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

            	Supersedes Prior Agreement.  

            This Agreement supersedes and serves to terminate any prior property management agreement among the parties hereto with respect to the Properties.  

             

        
            

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            IN WITNESS WHEREOF, the undersigned execute this Agreement as of the date set forth above.

             

            Owner:

            Three SAC Self-Storage Corporation, a Nevada corporation 

             

             

            By: __________________________________

            Bruce Brockhagen, Secretary and Treasurer

             

             

             

            Manager:

             

            U-Haul Co. (Canada), Ltd.

             

            By: ____________________________________

            Jennifer M. Settles, Secretary

             

        
            

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            Exhibit A

             

            List of Properties

             

            886001, U-Haul Storage Aurora, 51 Industrial Parkway North, Aurora, ON, L4G4C4

             

            886002, U-Haul Storage Hamilton, 1070-1088 Rymal Road East, Hamilton, ON, L8W3N6

             

            886003, U-Haul Storage Waterloo, 585 Colby Drive, Waterloo, ON, N2V1A1

             

            852028, U-Haul Storage Fairway Road, 555 Fairway Road SouthKitchener, ON, N2C1X4

             

            886005, U-Haul Storage Newmarket, 225 Harry Walker Parkway S., Newmarket,ON, L3Y7G3

             

            886006, U-Haul Storage Walker Road, 5025 Walker RoadWindsor, ON, N9A6J3

             

            841032, U-Haul Storage Oakville, 478 Woody RoadOakville , ON, L6K3T6

             

            886009, U-Haul Storage Vine Street, 72 Vine Street, Saint Catharines, ON, L2R7N4

             

            886010, U-Haul Storage Towerline Place, 95 Towerline Place, London, ONN6E2T3

            886011, U-Haul Storage Of Burlington, 3476 Mainway Avenue, Burlington, ON, 7M1A8

             

        
            

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