Document:

EX-10.1

 Exhibit 10.1 
  

 
 October 5, 2018 

Pat Grismer 
 2018 N. Dayton St. 

Chicago, IL 60614 
 Dear Pat, 

Congratulations! It is with great pleasure that I confirm your offer of employment for the position of evp, chief financial officer at Starbucks Corporation
(“Starbucks” or “the Company”) reporting directly to me. I look forward to your first day as evp on November 12, 2018 and assuming the role of evp, chief financial officer on November 30, 2018. 

As a new partner, you will soon be participating in various immersion activities that will provide you information about Starbucks history and culture. 

Please note, this offer is contingent upon the approval of the Compensation and Management Development Committee of the Board of Directors
(“Committee”) or its designee as well as meeting all pre-employment requirements listed on the last page of the offer. 

Here Are The Specifics Of Your Offer: 
 Base Salary

 You will be paid a base salary that annualizes to $845,000. 

Sign-On Bonus 

You will receive a one-time cash sign-on bonus of $1,500,000, less payroll
taxes, payable on your next regularly scheduled pay period after 30 days of employment. 
 Please note, should you voluntarily leave Starbucks during your
first year of employment, you will be responsible for reimbursing Starbucks for a pro-rata portion of the sign-on bonus and such reimbursement to be calculated as
follows: 
 ((365 - # days employed)/365) x $1,500,000 
 Your sign-on bonus is not eligible pay for purposes of making contributions into Starbucks savings plans. By accepting this position you agree that in the event you are responsible for reimbursing a prorated gross
portion of the sign-on bonus, the amount may be deducted from your final pay, to the extent allowed by law. If the amount due exceeds that collected from the final pay, then you agree to pay the balance within
30 days after the effective termination date of employment with Starbucks. 
 Sign-On Equity Award 

You will receive an equity award with an economic value of $7,500,000 (USD) under the 2005 Key Employee Sub-Plan to
Starbucks Corporation Amended and Restated 2005 Long-Term Equity Incentive Plan (the “Key Employee Plan”) with 100% in the form of restricted stock units. 

 The grant date for your equity awards will be after you assume your new position and otherwise effective in
accordance with the Company’s equity grant timing guidelines. Subject to your continued employment, the restricted stock units will vest 40% in year 1, 30% in year 2 and 30% in year 3 beginning on the first anniversary of the grant date. 

To ensure processing of this grant, please sign this offer letter and email a copy to Stock Administration at stockadm@starbucks.com. 

Executive Management Bonus Plan 
 You will be eligible to
participate in the Executive Management Bonus Plan (EMBP) in fiscal 2019. Your incentive target will be 100% of your eligible base salary, prorated from your eligibility date through the end of fiscal 2019. For more information about the EMBP please
talk with your Partner Resources contact. Starbucks reserves the right to review, change, amend, or cancel incentive plans at any time. 
 Long-Term
Incentives 
 Starbucks Total Rewards philosophy includes long-term incentives. Each year, as determined by the Committee, you may be eligible to receive
an equity award under the Leadership Stock Plan with 60% of the economic value in the form of performance restricted stock units and 40% of the economic value in the form of time-based restricted stock units. Annual awards are typically granted in
November and are contingent upon Committee approval after considering a number of factors. You will be eligible for an annual long-term incentive award starting in fiscal 2020 (with an expected grant sometime in November 2019). Starbucks reserves
the right to review, change, amend, or cancel long-term incentive plans at any time. 
 Stock Ownership 

As a senior executive, the Company’s executive stock ownership guidelines will apply to you. The guidelines require covered executives to achieve a
minimum investment in Starbucks stock within five (5) years. Your minimum investment as evp, chief financial officer is three (3) times your annual base salary. A copy of the guidelines will be provided to you. 

Management Deferred Compensation Plan 
 Eligibility for
the Management Deferred Compensation Plan (MDCP) is limited to certain partners on Starbucks (or a participating affiliate’s) U.S. payroll who are in the position of director level or above. The MDCP is a
non-qualified deferred compensation plan that provides eligible partners with the opportunity to save a portion of their eligible pay on a pre-tax basis. If you are
eligible, you will receive enrollment information at your home address as soon as administratively possible after your start date. These materials will outline the limited window in which you will have an opportunity to enroll. If you have questions
about the MDCP, please contact the Starbucks Savings Team at savings@starbucks.com. Once eligible, you may also obtain more information about the MDCP online at netbenefits.fidelity.com. 

If you are determined to be eligible to enroll during the MDCP open enrollment period between November 25 and December 18. Any amount that you elect
to deferwill be subject to the terms and conditions of the MDCP. 
 Relocation Benefits 

You will be eligible for relocation benefits if you accept our offer of employment. Starbucks wants your move to the Seattle, Washington area to be a
positive one. Our relocation provider will support your relocation. 

 Your relocation benefits will be determined after you complete an assessment call with a consultant from our
relocation provider. After the completion of the assessment, you will be provided with an outline of the relocation benefits that will be offered to you. Relocation benefits will not be authorized until you accept our offer of
employment. Once accepted, a relocation consultant will then contact you to begin the process. You will be required to sign the Partner Relocation Repayment Agreement and return it to your relocation consultant before relocation benefits
will be administered. If you have any questions in the interim, please consult your Starbucks Partner Resources contact. 
 401(k) 

The Future Roast 401(k) Savings Plan provides eligible partners with the opportunity to save on a 401(k) pre-tax as
well as a Roth after-tax basis, and to receive Starbucks Match of 100% on the first 5% of eligible pay (subject to IRS imitations) contributed each pay period. Partners will be able to enroll online at
netbenefits.fidelity.com or by phone by calling Fidelity at (866) 697-1048 starting approximately 75 days prior to attainment of Plan eligibility (90 days of employment, age 18 and on the Starbucks or a
participating affiliate’s U.S. payroll). Payroll contributions will start within one to two pay periods after you enroll or the date you meet the Plan’s eligibility requirements. Fidelity will mail a welcome letter containing
enrollment instructions and information to your home shortly before you are expected to meet the eligibility requirements if you have not yet enrolled. These materials will outline the specific Plan provisions including eligibility for and crediting
of the employer matching contributions. If after meeting the eligibility requirements, you do not receive the welcome letter, or if you have any questions about the Future Roast 401(k) Savings Plan, please contact the Starbucks Savings team via
email at savings@starbucks.com. Once you are eligible to enroll, you may obtain more information about the Plan online at netbenefits.fidelity.com. 

COBRA 
 Should you elect COBRA (continuation of health
coverage) from your previous employer, Starbucks will reimburse you for your COBRA premiums less applicable taxes until you become eligible for Starbucks benefits after the mandatory waiting period. Once you have signed up for COBRA coverage
(within the 60-day election period), submit proof of payment(s) to your Partner Resources contact for processing. The proof of payment must be submitted for reimbursement within 60 days of your Starbucks
benefit eligibility date. The reimbursement is classified as income by the federal government and is subject to all applicable payroll taxes and deductions.

Executive Life Insurance 
 As an executive, you and your
family have a greater exposure to financial loss resulting from your death. Starbucks recognizes this exposure and has provided for coverage greater than outlined in Your Special Blend. You will receive partner life coverage equal to three
(3) times your annualized base pay, paid for by Starbucks. You may purchase up to an additional two (2) times your annualized base pay (for a total of five (5) times pay) to a maximum life insurance benefit of $2,000,000. 

Executive Physical Exam 
 You are eligible to participate
in Starbucks executive physical program. Information about the program and our program provider will be emailed to you (new participants are notified at the beginning of each calendar quarter). The program provider will contact you shortly
thereafter to establish an appointment. If you have questions about this physical, please consult your Partner Resources contact. 

 Insider Trading 

You will be prohibited from trading Starbucks securities (or, in some circumstances, the securities of companies doing business with Starbucks) from time to
time in accordance with the Company’s Insider Trading Policy. A copy of the policy will be provided to you on your first day and you will be required to complete an online training and certify that you have read and understood the policy. 

Coffee and Dairy Hedging 
 As an officer of the Company
you are prohibited from trading in coffee or dairy futures, options or similar instruments for your own account. If you have further questions, please consult your Partner Resources contact. 

An overview of Starbucks benefits, savings and stock programs can be found at http://www.starbucks.com/ysb. If you have questions regarding these
programs or eligibility, please call the Starbucks Benefits Center at (877) SBUXBEN. Please note that although it is Starbucks intent to continue these plans, they may be amended or terminated at anytime without notice. 

All Starbucks partners in the State of Washington are required to have their pay electronically deposited in a bank or financial institution of their choice
within the United States or electronically loaded on a paycard. The deposits may be made to your checking, savings, paycard, or money market account or a combination thereof. Please be prepared to fill out the necessary automatic deposit
information during your first week of employment with the company. 
 If you accept this offer it is contingent on the following conditions of hire
including: 
  

	 	•	 	 Employment Eligibility Verification; proof of eligibility to work in the United States (All Employees)

  

	 	•	 	 Background Check 

  

	 	•	 	 Signing a Confidentiality, Non-Solicitation and Non-Competition Agreement 

  

	 	•	 	 Partner Guide Acknowledgement 

Your employment with Starbucks Corporation will be “at will,” meaning that either you or the Company will be entitled to terminate your employment
at any time and for any reason, not prohibited by law. 
 On behalf of the entire team, I am excited to welcome you to Starbucks and look forward to working
with you. 
 Warm regards, 
 /s/ Kevin R. Johnson 

Kevin Johnson 
 president and ceo 

 

	Cc:	 Stock Administration 

Executive Recruiting 

	Enc.	 MDCP Summary and Enrollment Guide 

Your Special Blend 
 COBRA
Reimbursement Information 
 Enrollment Guide 

Future Roast 401(k) Plan Summary 

Insider Trading Policy 

Confidentiality, Non-Solicitation and Non-Competition Agreement

 Stock Ownership Guidelines 
 I accept
employment with Starbucks Corporation, or its wholly-owned subsidiaries, according to the terms set forth above. 
  

							
		 	 /s/ Pat Grismer
	 		 	 10/6/2018

		 	Pat Grismer	 		 	Date of Acceptance

 Please email this signed letter to: 

Stock Administration Stockadm@starbucks.com 
 And Executive
Recruiting ExecutiveRecruiting@starbucks.comExhibit 10.1

 

MANAGEMENT AGREEMENT

 

THIS MANAGEMENT AGREEMENT (this “Agreement”)
is made effective this 5th day of October, 2018 (the “Effective Date”), between 876CO, LLC, a California limited liability
company(“Manager”), I.AM INC., a Nevada corporation (the “Company”), and solely with respect to Section
3.01(a), Digital Power Lending, LLC (“DPL”).

 

WHEREAS, the Company owns all of
the assets of four “Prep Kitchen” restaurants located in California all as identified on Schedule 1 attached hereto
(collectively, the “Original Restaurants”);

 

WHEREAS, the Company is party to
a securities purchase agreement (the “SPA”) with DPL, David J. Krause, and Deborah J. Krause, pursuant to which DPL
acquired a majority of the outstanding equity of the Company;

 

WHEREAS, pursuant to the SPA, the
parties agreed to use negotiate in good faith and use commercially reasonable efforts for the Company and the Manager to enter
into a management agreement for the management of the Company;

 

WHEREAS, the Company desires to retain
Manager to manage and operate the Original Restaurants and the Additional Management Agreement Restaurants (as defined herein)
on the terms and conditions set forth in this Agreement;

 

NOW, THEREFORE, in consideration
of the foregoing, the mutual covenants and agreements contained in this Agreement and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1. Engagement and Authorization.

 

1.01 Engagement As Manager. Company hereby
engages Manager as its sole and exclusive agent to supervise, manage, direct and control the operations of the Management Agreement
Restaurants (defined below), in accordance with the terms and conditions hereof. Manager hereby accepts such engagement as the
manager of the Management Agreement Restaurants during the Term, as hereafter defined, of this Agreement. Manager agrees that David
J. Krause will be involved in all aspects of the Services (defined below) to be provided by Manager under this Agreement, by directly
providing or supervising such Services.

 

1.02 Grant of Authority. Company hereby grants
Manager full power and authority to take all actions and to do all things reasonably required to perform the obligations of the
Manager under this Agreement; provided that: (i) Manager shall not have the power and authority to grant any mortgage, encumbrance,
security interest, pledge or other lien on any tangible or intangible asset of Company without the approval of Company, (ii) in
the performance of this Agreement, Manager shall act as the agent of Company; and (iii) such power and authority will be limited
to providing the Services, as defined herein. Nothing herein shall constitute or be construed to be or create a partnership, joint
venture or lease between Company and Manager.

 

2. Manager’s Duties. Throughout the
Term of this Agreement, Manager shall use the Manager's commercially reasonable efforts and due diligence to manage and operate
the Management Agreement Restaurants. Without limiting the generality of the foregoing, during the Term, Manager shall provide
Company with the following specific services (hereinafter collectively referred to as the “Services”), at each of the
Management Agreement Restaurants:

 

    		1	 

    	 

    

 

2.01 Restaurant Management. Manager shall
oversee the day-to-day management of the Management Agreement Restaurants, which responsibilities shall include: (a) the hiring,
training and supervising of all restaurant employees, as more particularly described below; (b) the reviewing, approving and paying
of all operating expense; (c) the maintenance of business files and records; (d) the performance of general administrative functions;
and (e) the preparation of the Management Agreement Restaurants’ monthly activities, as more particularly described below,
and (f) such other actions as may be reasonably requested by the Company. In addition, Manager shall manage, operate, and maintain
the Management Agreement Restaurants in such a manner that each Management Agreement Restaurant is at all times in substantial
compliance with: (i) all zoning and use restrictions, fire codes, building codes, and other requirements issued by any governmental
authority; (ii) all licenses, permits and other authorizations required in the operation of the Management Agreement Restaurants;
(iii) any policy of insurance covering the Management Agreement Restaurants; (iv) any real estate lease, as applicable, to avoid
any default by Company thereunder; (v) the negotiation of inventory purchase contracts with vendors; and (vi) all applicable laws
and regulations.

 

2.03 Operating Expenses. The Manager will
(subject to the right of the Company to disapprove any such actions by providing prior written notice of such disapproval): (a)
pay all expenses of operating the Management Agreement Restaurants; (b) negotiate and enter into on Company’s behalf all
service contracts, including without limitation, water, electricity, gas, fuel, telephone, contracts for janitorial services, vermin
extermination, trash removal, landscaping services, and other services required to operate and maintain the Management Agreement
Restaurants; (c) purchase supplies, equipment and materials which are required to operate and maintain the Management Agreement
Restaurants; (d) maintain the premises of the Management Agreement Restaurants in a manner which maximizes the appearance and operation
of the Management Agreement Restaurants to the Management Agreement Restaurants’ potential, including without limitation,
interior and exterior cleaning, plumbing, and such other normal maintenance and repair work as might be desirable; and (e) negotiate
and enter into contracts for the marketing, promotion and advertisement of the Management Agreement Restaurants.

 

2.04 Monthly Reports. Manager shall
maintain full and adequate records and books of account and such other records as might be appropriate to reflect the results of
operation of the Management Agreement Restaurants, and which shall reflect all revenues and expenditures and all other receipts
and disbursements relating to each of the Management Agreement Restaurants. All books and records will be the property of the Company
and the Company will have access thereto at all reasonable times. Within fifteen (15) days after the end of each month, Manager
shall prepare and furnish to Company such information for the preceding month for each of the Management Agreement Restaurants
as may reasonably be requested by Company.

 

2.06 Human Resources. Manager shall, on Company’s
behalf, hire, train, supervise, and pay all Management Agreement Restaurants employees and other personnel (“Employees”)
necessary to fulfill its obligations hereunder. All Employees shall be the employees or independent contractors of Company and
not the employees or independent contractors of Manager. Manager may discharge any Employee in its discretion and pursuant to applicable
state and federal law. Manager shall, at Company’s expense, cause Employees to be covered by workers’ compensation
insurance and such other insurance as is now or hereafter required by law. Manager shall maintain all personnel and payroll records
and manage all Employee benefits programs, including, but not limited to, health insurance, dental insurance, short and long term
disability plans, life insurance, workers compensation, cafeteria plans, vacation plans, sick leave and employee policy manuals.

 

    		2	 

    	 

    

 

2.07 Accounting. Manager shall
perform general accounting functions, on behalf of Company with respect to the Management Agreement Restaurants , including,
without limitation: cash management and banking relations; budgeting, forecasting and financial statement reporting; the
preparation and maintenance of records necessary to produce financial statements; the preparation of financial statements, as
requested by Company; the preparation, execution, and filing, punctually, when due all forms, reports, and returns required
by law relating to the employment of Employees or to the management, operation, occupancy, maintenance or use of the
Management Agreement Restaurants, including without limitation any sales or use tax forms, reports, and income tax returns;
audit support; and any other general accounting function as requested by Company. In addition, Manager shall pay punctually
when due any sales, use, employment or other taxes relating to the operation of the Management Agreement Restaurants.

 

2.08 Marketing. Manager shall devise a strategy
for and assist in the implementation, of a marketing program to advertise and promote the business of the Management Agreement
Restaurants. Manager may cause the Management Agreement Restaurants to participate in such marketing plans, oral and written presentations,
promotional materials, public relations, media relations and any other general marketing functions to promote the Management Agreement
Restaurants.

 

2.09 Point-of-Sale Management Information System.
Manager shall operate, administer, maintain, and repair the existing point-of-sale management information system for tracking purchases
and inventory of each of the Management Agreement Restaurants.

 

3.01 Term and Events for Termination.

 

(a) This Agreement will be in effect for a term (the
“Term”) of ten (10) years commencing on the Effective Date, subject to earlier termination in accordance with this
Section 3. The Company may, at its sole option, terminate this Agreement, with or without Cause (as defined below) at any time
upon written notice to the Manager. In the event the Company terminates the Agreement without Cause, the Company shall pay Manager
One Million Dollars ($1,000,000), which sum is separately guaranteed by DPL, and will be payable in an initial payment of $250,000,
with the remainder due in a lump sum no later than the tenth (10th) day of March of the year following the year the Company has
terminated this Agreement without Cause. In the event the Company terminates this Agreement with Cause, the Manager will not be
owed any further compensation under this Agreement

 

“Cause” shall mean the following: (a) gross
mismanagement of any Management Agreement Restaurant by the Manager; where “gross mismanagement” means a management
action or inaction which creates a real and substantial risk on any Management Agreement Restaurant’s ability to continue
to operate for more than thirty (30) days following the alleged act or failure to act; (b) any Material default by the Manager
in the performance of the of the Manager’s obligations hereunder, after receipt of written notice from Company and a reasonable
opportunity to cure such default, if such default is capable of being cured; (c) the ongoing failure, after receipt of written
notice from Company and a reasonable opportunity to cure an alleged failure, of Manager to perform any of its Material duties as
set forth within this Agreement; (d) the Manager’s or David J. Krause’s willful engagement in dishonesty, illegal conduct,
or misconduct, which is, in each case, Materially injurious (within the meaning of “Material” as defined below) to
the Company or its affiliates; (e) the Manager’s or David J. Krause’s criminal conviction or plea of guilty or no contest
for embezzlement, misappropriation of Management Agreement Restaurant property, or fraud, or a crime that constitutes a felony
(or state law equivalent).

 

“Material” shall mean an act or failure
to act which has such a significant effect on the operation of the business that it makes it infeasible to operate the
business for a period of greater than 90 days. 

 

    		3	 

    	 

    

 

(b) Manager, at its sole option, may terminate this Agreement after ten (10)
days’ written notice to Company. In the event Manager terminates this Agreement Manager will be owed only such
compensation for services it has performed under this Agreement to the date of termination.

 

3.02 Certain Obligations of Manager After Termination.
Upon termination of this Agreement, Manager shall: (i) deliver to Company all records, books, accounts, files, and other documentation
(the “Records”) pertaining to the management, maintenance, operation, marketing and use of the Management Agreement
Restaurants, including, without limitation, all records relative to the employees, suppliers, finances, and affairs of the Management
Agreement Restaurants; (ii) deliver and assign, transfer or otherwise convey to Company all contracts and all personal property
relating to or used in the management, operation and maintenance of the Management Agreement Restaurants, including, without limitation,
all keys, combinations to locks and other security devices, documents, materials, operating supplies, furnishings and equipment,
provided that any personal property owned by Manager may be retained by Manager; (iii) prepare and deliver to Company a full set
of reports for each of the Management Agreement Restaurants in accordance with paragraph 2.05, current to the date of termination;
(iv) deliver all funds held by Manager on behalf of Company; and (v) render such assistance as Company might reasonably request
to facilitate an orderly transition in the management and operation of the Management Agreement Restaurants.

 

4. Management Fee and Addition of Restaurants.

 

4.01 Management Fee. As compensation for
all Services to be rendered by Manager during the Term of this Agreement, the Company shall pay to Manager a management fee (the
“Management Fee”) due in each case, within 10 days of the end of each calendar month (pro rated for any partial month)
equal to (i) for each Management Agreement Restaurant, (a) for each month that such Management Agreement Restaurant is not profitable,
$5,000 per month, or (b) for each month that such Management Agreement Restaurant achieves a gross profit, the greater of 6% of
the gross revenue for such month, or $5,000, whichever is greater, provided that in the event that payment of the 6% Management
Fee would cause such Management Agreement Restaurant to become unprofitable, the Management Company will only be entitled to receive
as much of the 6% Management Fee, if greater than $5,000, as would cause such Management Agreement Restaurant to break even, (c)
for each Additional Non-Management Agreement Restaurant (as defined below), Company shall pay Manager for each month that such
Additional Non-Management Agreement Restaurant is not profitable, $2,500, per month,(x) or for each month that such Additional
Non-Management Agreement Restaurant achieves a gross profit, the greater of 3% of the gross revenue for such month, or $2,500,
whichever is greater, provided that in the event that payment of the 3% Management Fee would cause such Additional Non-Management
Agreement Restaurant to become unprofitable, the Management Company will only be entitled to receive as much of the 3% Management
Fee, if greater than $2,500, as would cause such Additional Non-Management Agreement Restaurant to break even.

 

4.02 Addition of Restaurants or Other Hospitality Venues.
In the event, that while this Agreement is in effect, the Company acquires through the efforts of the Management Company or David
Krause, any additional restaurant or other hospitality venue(s), for example, a hotel, these shall be deemed an “Additional
Management Agreement Restaurant” (and together with the Original Restaurants, the “Management Agreement Restaurants”),
and compensation shall be that assigned under sub-section 4.01 for this classification. Such other restaurants or hospitality venue(s)
operated by the Company either alone or in concert with others shall be deemed an “Additional Non-Management Agreement Restaurant”
and be entitled to the designated compensation under sub-section 4.01.

 

    		4	 

    	 

    

 

4.03 Presentment of Business Opportunities. During the
Term, the Management Company shall promptly present to the Company any and all business opportunities relating to hospitality ventures
that the Management Company becomes aware of promptly upon Management Company becoming aware of such opportunities. In the event
the Company chooses not to undertake an opportunity presented by the Management Company or David Krause, including the operation
or establishment of a Prep Kitchen restaurant, which may or may not compete with Company owned or operated businesses, then the
Management Company shall be at liberty to pursue the opportunity declined by the Company. The Company shall have thirty (30) days
to either accept or decline an opportunity once the same is presented in writing by David Krause or the Management Company.

 

5. Representations and Warranties of Manager.
Manager represents and warrants to the Company that (a) it has the power, authority, and legal capacity to enter into and to perform
this Agreement, (b) this Agreement when executed and delivered by the Manager will be a legal, valid and binding obligation enforceable
against Manager in accordance with its terms; (c) all acts required to be taken by the Manager to enter into this Agreement and
to carry out the transactions contemplated hereby have been properly taken, and (d) the execution and delivery of this Agreement
by the Manager and the performance by the Manager of its obligations hereunder in accordance with the terms hereof: (i) will not
require the consent of any third party or any federal, state, local or foreign government or any court of competent jurisdiction,
administrative agency or commission or other governmental authority or instrumentality, domestic or foreign (“Governmental
Entity”) under any statutes, laws, ordinances, rules, regulations, orders, writs, injunctions, judgments, or decrees (collectively,
“Laws”); (ii) does not and will not violate any Laws applicable to the Manager; and (iii) does not and will not violate
or breach any contractual obligation to which the Manager is a party.

 

6. Representations and Warranties of Company.
Company represents and warrants to the Manager that (a) it has the power, authority, and legal capacity to enter into and to perform
this Agreement, (b) this Agreement when executed and delivered by the Company will be a legal, valid and binding obligation enforceable
against the Company in accordance with its terms; (c) all acts required to be taken by the Company to enter into this Agreement
and to carry out the transactions contemplated hereby have been properly taken, and (d) the execution and delivery of this Agreement
by the Company and the performance by the Company of its obligations hereunder in accordance with the terms hereof: (i) will not
require the consent of any third party or any Governmental Entity under any Laws; (ii) does not and will not violate any Laws applicable
to the Company; and (iii) does not and will not violate or breach any contractual obligation to which the Company is a party.

 

7. Indemnification. Manager will indemnify
and hold harmless the Company, its affiliates and its and their respective directors, officers, shareholders, members, managers,
employees, and agents (each, an “Indemnified Party”), against and in respect of all losses, liabilities, obligations,
damages, deficiencies, actions, suits, proceedings, demands, assessments, orders, judgments, costs and expenses (including the
reasonable fees, disbursements and expenses of attorneys and consultants) of any kind or nature whatsoever to the extent sustained,
suffered or incurred by or made against any Indemnified Party, to the extent based upon, arising out of or in connection with Manager’s
(a) breach of this Agreement, or (b) any violation of law by the Manager. This provision will survive termination of this Agreement.

 

8. Miscellaneous Provisions.

 

    		5	 

    	 

    

 

8.01 Notices. All notices, requests, demands,
and other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given
if delivered by hand, mailed by certified or registered mail with postage prepaid or by overnight mail , or if sent by facsimile
or e-mail as follows:

 

Manager:

Deb Krause

1155 Camino Del Mar

Suite 116,

Del Mar, California 92014Company or DPL:

 

201 Shipward Way

Newport Beach, CA 92663

Email: bill@digitalpowerlending.com

or to such other person or address as such party hereafter
designates (by written notice to the other party).

 

8.02 Notices Concerning the Management Agreement
Restaurants. Upon the receipt by Manager of any notice pertaining to any of the Management Agreement Restaurants not of a routine
nature, including in any event, but not limited to, notices of any violation of any legal requirements, Manager shall immediately
inform Company of such notice and shall deliver a copy of the notice to Company as expeditiously as possible.

 

8.03 Assignment. This Agreement and all of
the provisions of this Agreement shall be binding upon and inure to the benefit of the parties and their respective successors
and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations shall be assigned by Manager
without the prior written consent of the Company.

 

8.04 Governing Law; Jurisdiction. . This
Agreement and the rights of the parties hereunder will be governed by and construed in accordance with the laws of the State of
New York including all matters of construction, validity, performance, and enforcement and without giving effect to the principles
of conflict of laws. The parties submit to the jurisdiction of the Courts of the County of New York, State of New York or a Federal
Court empaneled in the County of New York for the resolution of all legal disputes arising under the terms of this Agreement. The
prevailing Party(ies) in any such action will be entitled to recover from the other party(ies) all of its reasonable attorneys’
fees and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefor.

 

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

 

8.06 Headings. The headings in this Agreement
are inserted for convenience only and shall not affect the construction of this Agreement.

 

8.07 Entire Agreement; Modification. This
Agreement embodies the entire agreement and understanding of the parties with respect to the subject matter contained in this Agreement.
This Agreement supersedes all prior agreements and understandings between the parties with respect to the subject matter contained
herein. This Agreement may not be amended or modified in any manner except by an instrument in writing signed by the parties. For
the avoidance of doubt, this Agreement may not be waived or amended without the approval of the board of directors of the Company
(without the participation of David J. Krause or Deborah J. Krause.)

 

8.08 Severability. The provisions of this
Agreement are severable and the invalidity of any one provision shall not affect the validity of any other provision.

 

    		6	 

    	 

    

 

IN WITNESS WHEREOF, the undersigned
have executed effective as of the date first above written.

 

 

 

 876CO, LLC

 

 

By: /s/ Deborah Krause

Name: Deborah Krause

Title: Member

 

 

 

 

I.AM INC.

 

 

By: /s/ David Krause

Name: David Krause

Title: CEO

 

 

 

 

Solely with respect to Section 3.01(a)

 

 

 

DIGITAL POWER LENDING, LLC

 

 

By: /s/ William Corbett

Name: William Corbett

Title: CEO

 

    		7	 

    	 

    

 

SCHEDULE "1"

 

Original Restaurants

 

 

Del Mar

La Jolla

Little Italy

San Marcos

 

 

8

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