Document:

AMENDMENT NO. 1 TO  

SECOND AMENDED AND RESTATED AGREEMENT 

AND CONSENT TO ASSIGNMENT

  

This Amendment No.
1 (“Amendment No. 1”), is made and effective as of July 2, 2013 (the “Amendment Effective Date”),
changing and amending that certain Second Amended and Restated Agreement and Consent to Assignment (the “Agreement”),
dated as of September 28, 2011, by and among QVC, Inc. (“QVC”), on the one hand, and IM Brands, LLC (“Company”),
IM Ready Made, LLC, Xcel Brands, Inc., and Isaac Mizrahi, on the other hand. Capitalized terms not defined in this Amendment No.
1 shall have the meaning ascribed to them in the Agreement.

  

WHEREAS, the
Parties wish to modify and amend the Agreement as provided below.

  

NOW, THEREFORE,
for good and valuable consideration, including in consideration of their mutual promises set forth herein, and with the intent
to be legally bound hereby, the Parties hereto agree to the following:

  

			1.          New Paragraph 12. The following
is added as new Paragraph 12 to the Agreement:

 

Notwithstanding
anything contained in this Agreement to the contrary, but providing that Company is not otherwise in breach of this Agreement,
and for so long as QVC holds the License granted to it in Paragraph 1 above of this Agreement and subject to the terms set forth
in this Paragraph 12, Company may license, sell, market, consign or otherwise distribute for sale, for a period of time not to
exceed two (2) years from December 31, 2013 unless otherwise extended pursuant to this Paragraph 12 (the “Third Party
License Period”) any products (including, without limitation, any of the Products) bearing and/or marketed in connection
with or otherwise associated with the Company’s trademarks and brands (collectively, the “Third Party License Products”
for purposes of this Paragraph 12) for promotion, marketing, sale and distribution (collectively, “Distribute”
or “Distribution”) by or through Direct Response Television Programs produced by (A) TVSN Channel PTY Ltd (“TVSN”),
CJ Corporation (“CJO”) and its subsidiaries engaged solely in the transmission of, or the distribution of goods and
products by and through Direct Response Television Programs within the geographic boundaries permitted by this Paragraph 12 and/or
The Shopping Channel (“TSC”), a division of Rogers Broadcasting Ltd. and its affiliates engaged soley in the transmission
of, or the distribution of goods and products by and through Direct Response Television Programs within the geographic boundaries
permitted by this Paragraph 12; and (B) such other non-QVC entity (or affiliate thereof) whose primary means of deriving revenue
is the transmission of Direct Response Television Programs outside of the *** provided,
in any event, that QVC grants prior written consent to do so by an officer of QVC at the level of Executive Vice President or higher
(which permission may be withheld for any reason or for no reason at all at the sole and unfettered discretion of QVC). TVSN, CJO,
TSC and any and all entities (or affiliates thereof) for which QVC grants consent pursuant to this Paragraph 12 shall each be deemed
an “Approved DRT Entity” and collectively, the “Approved DRT Entities” for purposes of the
Agreement.

 

***Redacted.

 

    	 

    	 

    

 

Notwithstanding
anything contained in this Agreement to the contrary, the following restrictions (in addition to any other conditions set forth
in this Paragraph 12) shall apply to the Distribution of any and all Third Party License Products by Approved DRT Entities during
the Third Party License Period (collectively, the “Distribution Restrictions”):

 

(A)          TVSN
shall not Distribute any Third Party License Products to any person or entity (including, without limitation, any Retail Customer
as defined below) outside the geographic borders of the Commonwealth of Australia;

 

(B)          CJO
shall not Distribute any Third Party License Products to any person or entity (including, without limitation, any Retail Customer)
outside the geographic borders of the Republic of Korea;

 

(C)          TSC
shall not Distribute any Third Party License Products to any person or entity (including, without limitation, any Retail Customer)
outside the geographic borders of Canada;

 

(D)          No
Approved DRT Entity shall Distribute any Third Party License Products to any person or entity (including, without limitation, any
Retail Customer) outside the geographic borders of the country in which its principal place of business is located; and

 

(E)          No
Approved DRT Entity, including, without limitation, TVSN, CJO and TSC, shall Distribute any Third Party License Product by or through
a Brick and Mortar Retailer (excluding any and all liquidation sales to third party liquidators of goods and products that have
been Promoted on at least one (1) occasion by the applicable Approved DRT Entity by or through its Direct Response Television Programs).

 

Any and
all agreements by and between Company and each and every Approved DRT Entity, including, without limitation, TVSN, CJO and TSC,
shall provide that any and all licensing for the Distribution of Third Party License Products (and any sublicensing with respect
to use of the Designs as defined below) shall terminate upon the violation of the Distribution Restrictions set forth above.

 

The Third
Party License Period shall expire (if not terminated earlier pursuant to the provisions of this Paragraph 12) at 12:00 a.m. (prevailing
Eastern Time) on January 1, 2016, provided, however, that QVC may consent (which consent may be withheld for any reason or for
no reason at all at the sole and unfettered discretion of QVC) to one or more extensions of the Third Party License Period each
for a period of time of no less than ninety (90) days and no more than one (1) year. No extension of the Third Party License Period
shall be valid or enforceable unless set forth in a writing executed by an officer of QVC at the level of Executive Vice President
or higher. Absent an extension or extensions of the Third Party License Period by QVC pursuant to this Paragraph 12, and for so
long as QVC holds the License granted to it in Paragraph 1 above of this Agreement, Company may not grant any license of any kind
for the Distribution of Third Party License Products for any period of time after the expiration or termination of the Third Party
License Period, provided that upon the termination of the Third Party License Period, any previously approved DRT entities may
sell off their then-existing inventory (or inventory already in production at their suppliers) for a period not to exceed ninety
(90) days therefrom.

 

    	 

    	 

    

 

Company
shall pay QVC a royalty equal to *** of the Brick and Mortar Net Revenues (the “DRT
Entity Royalties”) earned and received by Company from such sales of the above described products (including, without
limitation, any of the Products), directly or indirectly, to any Approved DRT Company and/or for Distribution by or through Direct
Response Television Programs produced by any such Approved DRT Entity. In the event that either Company or any Approved DRT Entity,
directly or indirectly, purchases or otherwise acquires, or causes a third party to purchase or otherwise acquire on behalf of
Company or any Approved DRT Entity, any Third Party License Products from a vendor, distributor or supplier to QVC of the Products,
which vendor, distributor, or supplier utilizes technical specifications provided by QVC to produce the Third Party License Products
(each a “QVC Direct Supplier”), Company shall pay QVC a sourcing fee in an amount equal to ***
of the gross purchase or acquisition price of such Third Party License Products (the “Sourcing Fee”) purchased
from such QVC Direct Suppliers. Within thirty (30) days after the end of each calendar quarter, Company shall send to QVC a statement
of the total purchases by Approved DRT Entities from QVC Direct Suppliers and the Third Party Sourcing Fee due and owing to QVC
pursuant to this Paragraph 12, and shall remit to QVC payment of such Sourcing Fee due and owing to QVC.

 

The DRT
Entity Royalties shall be paid to QVC in the same manner, and subject to the same obligations by Company, as set forth in Agreement,
as with respect to the Third Participating Royalty Payments, provided, however, the DRT Entity Royalties shall be due and payable
to QVC regardless of any right on the part of Assignor to any monies (or money’s worth), credits or offsets on account of
the First Participating Royalty Payments and/or the Second Participating Royalty Payments.

 

The DRT
Entity Royalties and the Sourcing Fee shall be paid to QVC in United States Dollars. Notwithstanding anything contained herein
to the contrary, and for purposes of calculating the DRT Entity Royalties due for each calendar quarter on account of any Brick
and Mortar Net Revenues, such Brick and Mortar Net Revenues, as well as the Sourcing Fee, shall be converted from the respective
legal currency for each applicable country or territory to United States Dollars at a conversion rate equal to the average conversion
rate for the United States Dollar to such currency during the applicable calendar quarter as reflected on Reuters.

 

***Redacted.

 

    	 

    	 

    

 

For purposes
of this Paragraph 12 only, Distribution of products (including, without limitation, any of the Products) bearing and/or marketed
in connection with or otherwise associated with the Company’s trademarks and brands by and through Direct Response Television
Programs shall be deemed to include Distribution (A) by and through an internet site and/or mobile application operated and maintained
by an Approved DRT Entity; and/or (B) by and through an Approved DRT Entity’s social media platform.

 

In addition
to, and not in lieu of, any other license that may be granted to Company under the Agreement, QVC grants Company a limited sublicense
(the “Limited Sublicense”) for use of the Designs as follows: Company may further grant a sublicense to any
and all Approved DRT Entities to have Third Party License Products manufactured using the Designs solely for Distribution by such
Approved DRT Entities to end users for personal use and not for re-sale (“Retail Customers”)
by or through Direct Response Television Programs produced by such Approved DRT Entities. The Limited Sublicense is granted to
Company for a period of time commencing as of the Amendment Effective Date and expiring (if not terminated earlier pursuant to
the terms of this Paragraph 12) at 12:00 a.m. (prevailing Eastern Time) on January 1, 2016 (the “Limited Sublicense Period”),
provided, however, that QVC may consent (which consent may be withheld for any reason or for no reason at all at the sole and unfettered
discretion of QVC to one or more extensions of the Limited Sublicense Period each for a period of time no less than ninety (90)
days and no more than one (1) year.

 

No extension
of the Limited Sublicense Period shall be valid or enforceable unless set forth in a writing executed by an officer of QVC at the
level of Executive Vice President or higher. Absent an extension or extensions of the Limited Sublicense Period by QVC pursuant
to this Paragraph 12, Company may not grant any sublicense of any kind (including, without limitation, the Limited Sublicense)
to or for use of the Designs to any Approved DRT Entity for any period of time after the Limited Sublicense Period, provided that
upon the termination of the Limited Sublicense Period, any previously approved DRT entities may utilize the Designs to sell off
their then-existing inventory (or inventory already in production at their suppliers) for a period not to exceed ninety (90) days
therefrom.

 

Notwithstanding
anything contained in this Paragraph 12 to the contrary, QVC may revoke any and all licenses granted to Company in connection with
the Third Party License Products, including, without limitation, the Limited Sublicense, upon seven (7) Business Days notice to
Company upon the occurrence of any of the following: (a) a material breach by Company of the Agreement (including, but not limited
to, a breach arising from the failure, for any reason, to remit any DRT Entity Royalties to QVC when due and owing and such failure
continues for ten (10) Business Days; (b) any Approved DRT Entity, directly or indirectly, engages (or causes a third party to
engage) in the Distribution of goods and product using the Designs in the *** and/or
in any country or territory where QVC has not granted prior written consent by an officer of QVC at the level of Executive Vice
President or higher for such Distribution; (c) any Approved DRT Entity violates the Distribution Restrictions and/or (d) any Approved
DRT Entity engages in the Distribution of any goods and products (including, without limitation, the Products) using the Designs
other than to Retail Customers by or through the Direct Response Television Programs produced by such Approved DRT Entity (excluding
any and all liquidation sales to third party liquidators of goods and products that have been Promoted on at least one (1) occasion
by the applicable Approved DRT Entity by or through its Direct Response Television Programs).

 

***Redacted.

 

    	 

    	 

    

 

2.          Non-Compete.
Subject to, and strictly conditioned upon, Company’s compliance with the terms and conditions of the Agreement, including,
but not limited to, those provisions set forth in new Paragraph 12 of this Agreement (as set forth in this Amendment No. 1), Company’s
licensing, sale, marketing and/or distribution of goods and products (including, without limitation, the Products) bearing
and/or marketed in connection with or otherwise associated with the Company’s trademarks and brands for Distribution by or
through Direct Response Television Programs produced by an Approved DRT Entity shall not be a breach of Paragraph 5 of the Agreement.

 

3.          Extension
of License Period. Notwithstanding anything contained in Paragraph 3(a) of the Agreement to the contrary, and unless terminated
earlier as a result of a material breach thereof by either Company or QVC as set forth in Paragraph 3(a), the License Period of
the Agreement shall be renewed automatically at the time of its expiration at 12:00 a.m (prevailing Eastern Time) on October 1,
2015 for an additional period of five (5) years. Such renewal term of the License Period shall expire at 12:00 a.m (prevailing
Eastern Time) on October 1, 2020, and may be terminated prior to such date and time only as a result of a material breach of the
Agreement by either Company or QVC and then only in accordance with the provisions of Paragraph 3(a) of the Agreement. Except
as expressly set forth herein, the provisions of Paragraph 3(a) of the Agreement are unmodified and remain in full force and effect.

 

4.          Effect
Upon Agreement. Except as expressly set forth in this Amendment No. 1, the Agreement is unmodified and remains in full force
and effect. The choice of law and forum selection provisions of the Agreement shall apply to this Amendment No. 1. This Amendment
No. 1 supersedes all prior communications between the Parties regarding the subject matter hereof and constitutes the entire understanding
between the Parties with respect to the matters set forth herein.

 

5.          Consent.
Execution of this Amendment by QVC shall constitute consent by QVC for TVSN, CJO and TSC as Approved DRT Entities
within the meaning and the scope of new Paragraph 12 of the Agreement and subject to the terms and conditions thereof.

 

6.          Execution.
This Amendment No. 1 may be executed in one or more counterparts, each of which shall be deemed to be an original, and all of which
together shall constitute one and the same instrument. This Amendment No. 1 may be executed and delivered via electronic or telefacsimile
transmission with the same force and effect as if it were executed and delivered by the Parties simultaneously in the presence
of one another.

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the Parties, with the intent to be legally bound hereby, have caused their duly authorized representatives to execute this Amendment
No. 1 to the Second Amended and Restated Agreement and Consent to Assignment as of the Effective Date.

 

	 	 	QVC, INC.	 
	 	 	 	 	 
	 	 	By:	/s/ Douglas Howe	 
	 	 	Name:  	Douglas Howe	 
	 	 	Title:    	EVP	 
	 	 	 	 	 
	 	 	IM BRANDS, LLC	 
	 	 	 	 	 
	 	 	By:	/s/ Robert D’Loren	 
	 	 	Name:   	Robert D’Loren	 
	 	 	Title:     	CEO	 
	 	 	 	 	 
	 	 	IM READY MADE, LLC	 
	 	 	 	 	 
	 	 	By:	/s/ Marisa Gardini	 
	 	 	Name:   	Marisa Gardini	 
	 	 	Title:     	Member	 
	 	 	 	 	 
	 	 	XCEL BRANDS, INC.	 
	 	 	 	 	 
	 	 	By:	/s/ Robert D’Loren	 
	 	 	Name:  	Robert D’Loren	 
	 	 	Title:    	CEOSIXTH AMENDMENT TO LEASE

 

THIS AGREEMENT is made this 15th
day of February, 2013 by and between MEPT LIGHTON PLAZA LLC, a Delaware limited liability company
(“Landlord”), and THE MANAGEMENT NETWORK GROUP, INC., a Delaware corporation (“Tenant”).

 

Recitals

 

Under date of April 23, 1998, a predecessor
of Landlord entered into a written lease with Tenant for certain office premises (the “Premises”) located within Landlord’s
building (the “Building”) located at 7300 College Boulevard, Overland Park, Kansas, as more particularly described
in such lease. Under date of May 11, 1999 (the “First Amendment”), May 30, 2000 (the “Second Amendment”),
August 30, 2005 (the “Third Amendment”), July 10, 2007 (the “Fourth Amendment) and May, 2008 (the “Fifth
Amendment”), the parties or their predecessors entered into amendments to said lease. Said lease, as amended, is hereinafter
referred to as the “Lease”. The term of the Lease expires on August 31, 2013. Landlord and Tenant now desire to
further amend the Lease as more particularly set forth herein.

 

Agreement

 

In consideration of the foregoing, the covenants
and agreements hereinafter contained and other good and valuable consideration, the receipt of which is acknowledged, the parties
hereto agree as follows:

 

1.The Lease Term is hereby extended
for one additional period of five (5) years commencing on September 1, 2013 and ending on August 31, 2018. Except as
expressly herein provided, such extension of the Lease Term shall be upon all of the same terms, covenants, provisions and conditions
as contained in the Lease, as amended herein.

 

2.Commencing on April 1, 2013 and
continuing thereafter until the expiration of the Lease Term, as extended herein, the monthly Base Rent payable by Tenant pursuant
to Section 3.1 of the Lease shall be amended to be as follows:

 

	Period	Monthly Base Rent	Annual Base Rent Per Sq. Ft.
	4/1/13 to 3/31/14	$18,697.83	$21.50
	4/1/14 to 3/31/15	$19,132.67	$22.00
	4/1/15 to 3/31/16	$19,567.50	$22.50
	4/1/16 to 3/31/17	$20,002.33	$23.00
	4/1/17 to 3/31/18	$20,437.17	$23.50
	4/1/18 to 8/31/18	$20,872.00	$24.00

 

Base Rent is payable in monthly installments
in advance on or before the first day of each month pursuant to the foregoing schedule. Notwithstanding anything to the contrary
contained in the Lease, as amended herein, the monthly Base Rent payable by Tenant hereunder shall be abated for the months of
September and October, 2013, provided, however, in the event that Tenant fails to pay any sums due and payable under the Lease,
as amended herein, when such sums are due, or Tenant otherwise defaults under the Lease, as amended herein, then Tenant shall not
be entitled to any abatement after the date of such default and all abated rent shall become immediately due and payable to Landlord.

 

3.Commencing on April 1, 2013,
the Base Year for calculating Tenant’s Pro Rata Share of Excess Operating Costs pursuant to Section 3.3 of the Lease (the
“Additional Rent”) shall be calendar year 2013. Tenant’s Pro Rata Share of Excess Operating Costs for the period
ending on March 31, 2013 shall be prorated for a partial year and Tenant shall have no obligation
to pay Tenant’s Pro Rata Share of Excess Operating Costs for the period from April 1, 2013 to December 31, 2013.
Commencing on January 1, 2014 and continuing until the expiration of the Lease Term, as extended herein, Tenant shall pay,
as additional rent, Tenant’s Pro Rata Share of Operating Costs for the calendar year which exceed the Operating Costs for
calendar year 2013.

 

    	 

    	 

    

 

4.Landlord shall perform the improvements
to the Premises set forth on Exhibit A attached hereto (“Landlord’s Work”). All Landlord’s
Work shall be performed in a good and workmanlike order in compliance with all building codes and regulations. Tenant agrees to
cooperate with Landlord in the performance of Landlord’s Work, and Tenant agrees that if any such work inconveniences Tenant
or disrupts business operations in the Premises, the work shall not constitute an actual or constructive eviction of Tenant or
entitle Tenant to any deduction or offset in the payment of rent and other charges due and payable under the Lease, as amended
herein, provided, however, Landlord shall use reasonable efforts to minimize disruption of Tenant’s normal business operations
in the Premises and when feasible, to perform any work that is disruptive to Tenant’s work environment after normal business
hours or during a weekend. Landlord agrees to pay the cost of Landlord’s Work in accordance with the attached Exhibit A-1
which is estimated not to exceed $112,708.80 ($10.80 per rentable square foot in the Premises (the “Allowance”) as
shown on Exhibit A-2. Any Landlord Work that exceeds the Allowance must be approved by Tenant in advance. To the extent that Tenant
has approved such work, then Tenant shall pay such excess to Landlord within ten (10) days after Landlord’s statement therefor.
The cost of Landlord’s Work shall include any architectural fees and costs of working drawings and a construction management
fee of five percent (5%) of the total cost of the work. No construction management fee shall be charged to Tenant for any work
in excess of the Allowance.

 

5.All options to extend the Lease Term
contained in the Lease are hereby deleted and are of no further force or effect. Tenant shall have the option to extend the Lease
Term for one (1) additional period of five (5) years commencing on September 1, 2018 and ending on August 31, 2023. Such
option shall be exercised only by Tenant giving written notice thereof which is received by Landlord on or before February 28,
2018, time being of the essence; provided, however, Tenant shall be entitled to exercise the option to extend granted herein, and
the Lease Term shall, in fact, be extended by reason of such exercise, only if the Lease, as amended herein, is in full force and
effect and Tenant is not in default hereunder. In the event that the Lease Term is in fact extended pursuant to the foregoing,
then any such extension shall be upon all of the same terms, covenants, provisions and conditions as contained in the Lease, as
amended herein, except the monthly Base Rent during the extension period shall be adjusted to be the Market Rent (as hereinafter
defined) for the Premises. As used herein, "Market Rent" means the product obtained by multiplying (i) the monthly rental
rate per square foot then established and prevailing in the Project for new leases or lease renewals or, if no such new leases
or lease renewals have been entered into within the twelve (12) month period preceding the date for which the determination is
being made, then the established and prevailing rental rate per square foot being charged as of such date for comparable space
to other tenants in other comparable buildings in the South Johnson County, Kansas area, all as determined in good faith by Landlord;
by (ii) the total square feet of floor area contained within the Premises. The Market Rent may increase during the extension period
depending on then current escalations, conditions and terms at the time the Market Rent is determined. At least five (5) months
prior to the expiration of the then current Lease term, Landlord shall notify Tenant of the Market Rent and Tenant may withdraw
its exercise of such option by written notice which is received by Landlord on or before the tenth (10th) day, time being of the
essence, after Tenant's receipt of notice of the Market Rent from Landlord, and in such event, this Lease shall terminate upon
the expiration of the then current Lease Term. Landlord and Tenant, within thirty (30) days after the request of either, shall
execute and deliver a supplemental memorandum confirming the monthly Base Rent during the extension period when determined. The
rights hereby granted are personal to Tenant named herein and are not transferable to any assignee or subtenant hereunder. In the
event of any assignment of the Lease or subletting of the Premises, the rights set forth in this Paragraph shall automatically
terminate and shall thereafter be null and void.

 

    	2

    	 

    

 

6.Effective as of April 1, 2013,
the second to last sentence of Section 3.3.a of the Lease is hereby amended as follows:

 

“If less than ninety-five percent (95%) of
the Building is occupied by tenants during any calendar year, then the Operating Costs which vary based on occupancy shall include
all additional costs and expenses that Landlord reasonably determines would have been incurred had ninety-five percent (95%) of
the Building been occupied by tenants during the calendar year.”

 

7.The management fees included in Operating
Costs shall not exceed four percent (4%) of the total revenues collected by Landlord from Tenant and other tenants of the Building.

 

8.The Building
is certified under a Green Agency Rating (as hereinafter defined) and/or operated pursuant to Landlord’s sustainable building
practices, as the same may be in effect or modified from time to time. Landlord’s sustainability practices address, without
limitation, whole-building operations and maintenance issues including chemical use, indoor air quality, energy efficiency, water
efficiency, recycling programs, exterior maintenance programs, and systems upgrades to meet green building energy, water, indoor
air quality, and lighting performance standards. Tenant shall not use or operate the Premises in any manner that will cause the
Building or any part thereof not to conform with Landlord’s sustainability practices or the certification of the Building
by a Green Agency Rating, provided that Tenant has received a copy of Landlord’s sustainability practices and/or the Building’s
certification requirements by a Green Agency Rating. Landlord reserves the right to change electricity providers for the Building
at any time and to purchase green or renewable energy. Provided that Tenant has received a copy of Landlord’s sustainability
practices and/or the Building’s certification requirements by a Green Agency Rating, all construction, maintenance and repairs
made by Tenant shall comply with Landlord’s sustainability practices and with the minimum standards and specifications as
outlined by the Green Agency Rating in addition to all Governmental Requirements. Tenant shall endeavor to use proven energy and
carbon reduction measures, including energy efficient bulbs in task lighting; use of lighting controls; daylighting measures to
avoid overlighting interior spaces; closing shades on the south side of the Building to avoid over-heating the space; turning off
lights and equipment at the end of the work day; and purchasing Energy Star qualified equipment, including but not limited to lighting,
office equipment, kitchen equipment, vending and ice machines; and purchasing products certified by the U.S. EPA’s WaterSense
program. Notwithstanding the foregoing that may be to the contrary, nothing herein shall require Tenant to replace any of its fixtures,
equipment or machinery currently installed in the Premises. As used herein, “Green Agency Rating” means any one or
more of the following ratings, as the same may be in effect or amended or supplemented from time to time: the U.S. EPA’s
Energy Star rating and/or Design to Earn Energy Star, the Green Building Initiative’s Green Globes for Continual Improvement
of Existing Buildings (Green Globes-CIEB), the U.S. Green Building Council’s Leadership in Energy and Environmental Design
(LEED) rating system, LEED EBOM (existing buildings operations and maintenance) and any applicable substitute third party or government
mandated rating systems.

 

9.Notwithstanding anything to the contrary
contained in the Lease, the insurance maintained by Tenant under Section 6.2 of the Lease shall name Landlord, Bentall Kennedy
(U.S.) LP, CBRE, and at Landlord’s request, Landlord’s mortgage lender(s) or investment advisors, as additional insureds.

 

10.Notwithstanding
anything contained in the Lease to the contrary, the Manager of Landlord and Bentall Kennedy (U.S.) LP (the authorized signatory
of Landlord) are the only entities authorized to amend, renew or terminate the Lease, as amended herein, to compromise any of Landlord’s
claims under the Lease, as amended herein, or to bind Landlord in any manner with respect to the Lease, as amended herein. Neither
the property manager nor any leasing agent or broker shall be considered an authorized agent of Landlord for such purposes.

 

    	3

    	 

    

 

11.The addresses for notices to Landlord
set forth in Section 1.1.n of the Lease is amended as follows:

 

MEPT Lighton Plaza LLC

c/o Bentall Kennedy (U.S.) LP

Attn: Director - Asset Management

1215 Fourth Avenue, Suite 2400

Seattle, WA 98161-1085

Facsimile: (206) 682-4769

 

and to:

 

MEPT Lighton Plaza LLC

c/o NewTower Trust Company

Attn: President

or Patrick O. Mayberry

Three Bethesda Metro Center

Suite 1600

Bethesda, MD 20814

Facsimile: (240) 235-9961

 

with a copy to:

 

CBRE

4717 Grand Avenue, Suite 500

Kansas City, MO 64112

Attn: Property Manager

 

Any notice required or permitted to be given
by Landlord hereunder may be given by Landlord, Landlord’s property manager, or Landlord’s attorneys.

 

12.Tenant was represented in this transaction
by Kessinger/Hunter & Company (“Tenant’s Broker”), a licensed real estate broker, and Landlord was represented
in this transaction by NAI Capital Realty (“Landlord’s Broker”), a licensed real estate broker. Landlord’s
Broker and Tenant’s Broker are hereinafter collectively referred to as the “Brokers”. Landlord shall be solely
responsible for the payment of all brokerage commissions or finders fees payable to the Brokers in connection with this Agreement,
and Tenant shall have no obligation or liability therefor. Each of the parties represents and warrants that there are no claims
for brokerage commissions or finders fees in connection with the execution of this Agreement other than the claims of the Brokers,
and each of the parties agrees to indemnify, defend and hold the other harmless from liabilities arising from any such claim, including,
without limitation, the cost of reasonable attorney fees in connection therewith.

 

13.Except as otherwise defined herein
or as capitalized in ordinary usage, all capitalized terms used herein shall have the same meaning as set forth for such terms
in the Lease.

 

14.Except as expressly provided herein,
all of terms, covenants and provisions of the Lease shall remain in full force and effect.

 

 

[Signatures on next page]

 

    	4

    	 

    

 

EXECUTED as of the date first written above.

 

	LANDLORD:	 	TENANT:
	 	 	 	 
	MEPT LIGHTON PLAZA LLC,	 	THE MANAGEMENT NETWORK GROUP, INC.,
	a Delaware limited liability company	 	a Delaware corporation
	 	 	 	 
	By:	MEPT Edgemoor REIT LLC,
a Delaware limited liablity company, its Manager	 	 	 
	 	 	 	 
	 	By:	Bentall Kennedy (U.S.) LP
its Authorized Signatory	 	 	 
	 	 	 	 
	 	 	By:	Bentall Kennedy (U.S.) G.P. LLC,
its General Partner	 	 	 
	 	 	 	 
	 	 	 	By:	/s/ Michael R. McCormick	 	 	By:	/s/ Donald Klumb
	 	 	 	 	Name: Michael R. McCormick	 	 	 	Name: Donald Klumb
	 	 	 	 	Title: Senior Vice President	 	 	 	Title: CEO
	 	 	 	 
	 	 	 	By:	/s/ Bruce Tuesley	 	 	 	 
	 	 	 	 	Name: Bruce Tuesley	 	 	 	 
	 	 	 	 	Title: Vice President	 	 	 	 

 

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