Document:

Exhibit 10.56

 

EARLY
OCCUPANCY LETTER AGREEMENT

 

THIS
EARLY OCCUPANCY LETTER AGREEMENT (The “Agreement”) made this 19th day of July, 2013
by and between ST. JOHN PROPERTIES, INC., as agent for owner (herein called “Landlord”) and AirPatrol Corporation,
a Nevada corporation (herein called “Tenant”).

 

WITNESSETH:

 

Lease
for Premises at: Maple Lawn 1

 

WHEREAS,
by (the “Lease”), Landlord leased to Tenant 5,168 square feet of rentable area at: 8171 Maple Lawn Boulevard, Suite
310, Maple Lawn, Maryland 20759 (the “Premises”);

 

WHEREAS,
said Lease will commence: January 1, 2014,

 

NOW,
THEREFORE, in consideration of the mutual covenants of the parties hereto, the parties agree as follows:

 

1. Pursuant
to this Agreement, the Tenant shall be permitted occupancy of the Premises as of October 1, 2013. Tenant shall not be responsible
for any Annual Rent or Additional Rent payments during the three (3) month period between October 1, 2013 and December 31, 2013.
During the term of this Agreement, unless provided otherwise in this Agreement, the rights and obligations of the parties shall
be governed by the Lease, which is incorporated in this Agreement by reference.

 

2. Upon
the termination of this Early Occupancy Letter Agreement, Tenant shall occupy the Premises pursuant to the Lease.

 

3. The
parties represent to one another that they have full power and authority to enter into this Agreement.

 

IN
WITNESS WHEREOF, the parties have caused this Early Occupancy Letter Agreement to be executed and delivered under seal as of the
date first above written.

 

	WITNESS:	LANDLORD:
    St. John Properties, Inc.
	 	 	 
	 	By:	/s/
    Richard Williamson
	 	Printed
    Name: Richard Williamson
	 	Title:	Senior
    Vice President
	 	 	 
	WITNESS:	TENANT:
    AirPatrol Corporation
	 	 	 
	 	By:	/s/
    Cleve Adams
	 	Printed
    Name: Cleve Adams
	 	Title:	Chief
    Executive Officer

 

 

     

     

    

 

FULL
SERVICE OFFICE BUILDING LEASE AGREEMENT

 

THIS
AGREEMENT OF LEASE, herein after called “Lease”, made this 19th day of July 2013, by and between ST. JOHN
PROPERTIES, INC., (hereinafter called “Landlord”), and AirPatrol Corporation, a Nevada corporation (hereinafter called
“Tenant”).

 

WITNESSETH,
that Tenant covenants and agrees with Landlord as follows:

 

LEASED
PREMISES 

 

1. Landlord
is the agent for owner of 8171 Maple Lawn Boulevard, (hereinafter referred to as the “Building”), an office building
and the land upon which the Building is situated, and any additional facilities in subsequent years as may be determined by Landlord
to be reasonably necessary or desirable for the management, maintenance or operation of the Building located in Maple Lawn, Maryland
20759, (hereinafter referred to as the “Property”).

 

Landlord
does hereby lease unto Tenant, and Tenant does hereby lease from Landlord, that portion of the Building on the third (3rd)
floor containing an agreed upon 5,168 square feet of rentable area, commonly known as Suite 310, (hereinafter referred to as the
“Leased Premises”).

 

TERM

 

2. The
term of this Lease, (hereinafter referred to as the “Term”), shall be for a period of five (5) years commencing on the
first (1st) day of January, 2014, and ending on the thirty-first (31st) day of December, 2018, unless the
Lease is earlier terminated or extended pursuant to any other provision of this Lease or to law.

 

RENT

 

3. Tenant
shall pay to Landlord a base annual rental, (hereinafter called “Annual Rent”), in the amount of $155,040.00 payable
in advance on the first day of each and every month during the Term in equal monthly installments of $12,920.00.

 

Tenant
agrees to pay each installment of the Annual Rent promptly as and when due without any setoff or deduction whatsoever. Said installments
of Annual Rent shall be mailed to: St. John Properties, Inc. — A, P.O. Box 62707, Baltimore, Maryland 21264. For incoming
payments via Overnight Mail, the following address should be used: M&T Bank c/o St. John Properties, Inc. — A, Box #
62707, 1800 Washington Blvd., Baltimore, Maryland 21230 or at such other place or to such appointee of Landlord, as Landlord may
from time to time designate in writing.

 

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ADDITIONAL
RENT

 

4. All
sums of money other than Annual Rent required to be paid by Tenant to Landlord pursuant to the terms of this Lease, unless otherwise
specified herein, shall be considered additional rent,(hereinafter referred to as “Additional Rent”), and shall be collectible
by Landlord as Additional Rent, in accordance with the terms of this Lease.

 

RENTAL
- ESCALATION 

 

5. Beginning
with the first anniversary of the commencement date of the Term and each anniversary hereafter throughout the remainder of the
Lease and renewal term, if any, the Annual Rent shall be increased by an amount equal to three percent (3%) of the previous year’s
Annual Rent, which sum shall be payable in equal monthly installments in advance as hereinafter set forth.

 

ANNUAL
OPERATING COST ADJUSTMENT

 

6.
Tenant shall pay, as Additional Rent, Tenant’s pro rata share of Landlord’s annual operating costs in excess of those
operating costs incurred by Landlord in 2013. Tenant’s pro rata share is six and ten hundredths (6.10%) percent subject to
change due to a subsequent increase or decrease of the rentable area of the Building. Operating costs (hereinafter referred
to as the “Operating Costs”) are defined as follows: all expenses paid or incurred by Landlord in connection with
the ownership, management, insurance, maintenance, operation, and repair of the Building and the Property, the parking
facilities, or if applicable any parking structure provided by Landlord for tenants of the Building.

 

Operating
Costs include but are not limited to:

 

a. all
expenses paid or incurred by Landlord for heating, cooling, electricity, water, gas, sewers, refuse collection, exterminating,
telephone charges not chargeable to tenants and similar utilities services; the cost of supplies, janitorial and cleaning
services; window washing; landscaping, snow removal; management fees; accounting fees; insurance; security services;

 

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b. the
cost of compliance with any governmental rules, regulations, requirements or orders;

 

c. real
estate taxes, assessments and appeals;

 

d. cost
of services of independent contractors; the cost of compensation (including employment taxes and fringe benefits) of all persons
who perform duties in connection with such Operating Costs and any other expenses or charges which, in accordance with generally
accepted accounting and management principles, would be considered an expense of owning, managing, insuring, maintaining, operating,
and repairing the Building and Property.

 

Operating
Costs shall not include:

 

e. any
expenses paid by any tenant directly to third parties, or as to which Landlord is otherwise reimbursed by any third party or by
any insurance proceeds. Landlord may, in a reasonable manner, allocate insurance premiums for so-called “blanket” insurance
policies, which insure other properties as well as the Building, and said allocated amounts shall be deemed to be operating expenses.

 

f. Payments
of principal and interest on any mortgages, deeds of trust or other financing instruments relating to the financing of the Property

 

g. Leasing
commissions or brokerage fees

 

h. Costs
associated with preparing, improving or altering a space for any leasing or releasing of any space within the Building.

 

In
the event that during all or any portion of any calendar year the Building is not fully rented and occupied, Landlord may
elect to make an appropriate adjustment in Operating Costs for such year, using sound accounting and management principles,
to determine the Operating Costs that would have been paid or incurred by Landlord had the Building been fully rented and
occupied. The amount so determined shall be deemed to have been Operating Costs for such year.

 

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Within
one hundred twenty (120) days after the end of the calendar year Landlord shall submit a Statement (hereinafter referred to as
the “Operating Costs Statement”) to Tenant setting forth the actual Operating Costs for the preceding calendar year
and any adjustments for overpayment or underpayment shall be made between the parties within thirty (30) days thereafter.

 

Each
Operating Costs Statement provided by Landlord shall be conclusive and binding upon Tenant unless within thirty (30)
sixty (60) days after receipt thereof, Tenant notifies Landlord that it disputes the correctness thereof, specifying those
respects in which it claims the Operating Costs Statement to be incorrect. Unless resolved by the parties, such dispute shall
be determined by arbitration in accordance with the then prevailing rules of the American Arbitration Association. If the arbitration
proceedings result in a determination that the Operating Costs Statement contained an aggregate discrepancy of less than five
percent (5%), Tenant shall bear all costs in connection with such arbitration. Pending determination of the dispute, Tenant shall
pay any costs due from Tenant in accordance with the Operating Costs Statement, but such payment shall be without prejudice to
Tenant’s claims. Tenant, for a period of thirty (30) days after delivery of the Operating Costs Statement for each calendar
year and upon at least ten (10) days written notice to Landlord, shall have reasonable access during normal business hours to
the books and records of Landlord relating to Operating Costs for the purpose of verifying the Operating Costs Statement, Tenant
to bear all costs relating to such inspection. Tenant shall reimburse Landlord for any cost for photocopying that it desires above
the first $500.

 

During
the Lease Term, Tenant’s Pro Rata Share of Controllable Operating Expenses (defined below) shall not increase by more than
five percent (5%) per calendar year on a cumulative basis. “Controllable Operating Expenses” are defined as any and
all expenses which Landlord has the ability to control, including but not limited to wages, salaries and other benefits paid to
Landlord’s employees engaged in the operation, management or security of the Building, the management fee, and any rental
paid for any management office in the Building, but specifically excluding the following expenses: Taxes, utilities, insurance,
and snow removal.

 

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USE

 

7. Tenant
shall use and occupy the Leased Premises solely for the following purpose: general office for a technology company.

 

MUNICIPAL
REGULATIONS 

 

8. Tenant
shall observe and comply with and execute at its expense, all laws, orders, rules, requirements, and regulations of the United
States, State, City or County of the said State, in which the Leased Premises are located, and of any and all governmental authorities
or agencies and of any board of the fire underwriters or other similar organization, respecting the Leased Premises and the manner
in which said Leased Premises are or should be used by Tenant.

 

Construction
and interpretation of this Lease shall be governed by the laws of the State of Maryland, excluding any principles of conflicts
of laws. Tenant hereby consents to the jurisdiction and venue of the Courts of the State of Maryland and to the jurisdiction and
venue of any United States District Court in the State of Maryland.

 

ASSIGNMENT
AND SUBLET 

 

9. Tenant
shall not assign this Lease, in whole or in part, or sublet the Leased Premises, or any part or portion thereof, without the prior
written consent of Landlord, and said consent shall not be unreasonably withheld, conditioned or delayed. If Landlord consents
to such assignment or subletting, Tenant shall not be relieved from any liability whatsoever under this Lease. Landlord shall
be entitled to any additional considerations over and above those stated in this Lease, which are obtained in or for the sublease
and/or assignment. An assignment of this Lease shall be permitted in connection with a merger, the sale of stock of the Tenant,
or the sale of substantially all of the assets of the Tenant or division operating at this Premises; however, Tenant shall not
be relieved from any liability whatsoever under this Lease. Landlord may assess processing fees that shall be paid by Tenant
as Additional Rent. Such fees shall not exceed $1,000.00.

 

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INSURANCE

 

10.  a.  TENANT’S
INSURANCE

 

Throughout the term of this Lease, Tenant shall obtain and maintain

 

1. Business
Personal Property insurance covering Special Causes of Loss. Such Business Personal Property insurance shall not be in an amount
less than that required to replace all of the Tenant’s trade fixtures, decorations, furnishings, equipment and personal property
and in an amount required to avoid the application of any coinsurance provision. Such Business Personal Property insurance shall
contain a Replacement Cost valuation provision.

 

2. Business
Income insurance covering Special Causes of Loss. Such Business Income insurance shall be in minimum amounts typically
carried by prudent businesses engaged in similar operations, but in no event shall be in an amount less than the Base Rent
then in effect for the Lease Year.

 

3. Commercial
General Liability insurance (written on an occurrence basis) including Contractual Liability coverage insuring the
obligations assumed by Tenant under this Lease, Premises and Operations coverage, Personal Injury Liability coverage,
Independent Contractor’s Liability coverage. Such Commercial General Liability insurance shall be in minimum amounts
typically carried by prudent businesses engaged in similar operations, but in no event shall be in an amount less than Two
Million Dollars ($2,000,000) combined single limit per occurrence with a Three Million Dollar ($3,000,000) annual aggregate.
If Tenant conducts operations at locations and/or projects other than the Premises, such annual aggregate limit will be
expressed on a “per location” and/or “per project” basis, as the case may be. Such Commercial General
Liability insurance shall be primary to — and non-contributory with — any similar insurance carried by
Landlord.

 

4. Workers’
Compensation insurance including Employer’s Liability insurance. Such Workers’ Compensation insurance shall be
for the statutory benefits which may, from time to time throughout the term of this Lease, become payable in the jurisdiction
in which the Premises are located. Such Employer’s Liability insurance shall be in amounts not less than One Hundred
Thousand Dollars ($100,000) for each accident, Five Hundred Thousand Dollars ($500,000) as a policy limit for disease and One
Hundred Thousand Dollars ($100,000) per employee for disease. Such Workers’ Compensation insurance will include a
Waiver of Subrogation in favor of Landlord.

 

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All
such insurance shall: (1) be issued by a company that is “Admitted” to do business in the jurisdiction in which the
Premises are located, and that has a rating equal to or exceeding A: XI from A.M. Best Company; (2) (except for Workers’ Compensation
and Employer’s Liability) name the building-owner (Maple Lawn Office I, LLC) and St. John Properties, Inc and the holder of any
Mortgage as Additional Insureds; (3) contain an endorsement prohibiting cancellation or failure to renew without the insurer first
giving Landlord thirty (30) days’ prior written notice (by certified or registered mail, return receipt requested) of such proposed
action (no less than ten [10] days’ notice of cancellation or failure to renew for non-payment of premium).

 

No
such Commercial General Liability, Workers’ Compensation or Employer’s Liability insurance shall contain a self-insured retention
provision except as otherwise approved in writing by Landlord, which approval shall not be unreasonably withheld. Landlord reserves
the right from time to time to require Tenant to obtain higher minimum amounts or different types of insurance if it becomes customary
for other landlords of similar buildings as that which contains the Premises to require similar-sized tenants in similar industries
to carry insurance of such higher minimum amounts or of different types. At the commencement of this Lease, Tenant shall deliver
a certificate of all required insurance and will continue throughout the term of this Lease to do so not less than ten (10) days
prior to the expiration of any required policy of insurance. Neither the issuance of any insurance policy required under this
Lease nor the minimum limits specified herein shall be deemed to limit or restrict in any way Tenant’s liability arising under
or out of this Lease.

 

To
the fullest extent permitted by law, Tenant shall indemnify and hold harmless Landlord, its partners, employees, agents,
representatives and any other party required to be indemnified and/or held harmless under the terms of any written contract
or agreement with Landlord pertaining to this Lease and/or to the Premises, from and against all claims, damages, losses,
costs and/or expenses, including, but not limited to reasonable attorneys’ fees, arising out of or resulting from
Tenant’s acts or omissions, occupancy of the Premises or obligations under this Lease. Such indemnification and/or hold
harmless shall not be invalidated by the partial negligence of one or more of the indemnities. If the laws of the governing
jurisdiction do not permit such an indemnification and/or hold harmless, then Tenant’s obligations to indemnify and hold
harmless the indemnities will be to the fullest extent permitted and all other parts of this Lease and this paragraph will
apply.

 

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b.
LANDLORD’S INSURANCE

 

Throughout
the term of this Lease, Landlord shall obtain and maintain:

 

1. Real
Property insurance against Special Causes of Loss and subject to Replacement Cost valuation covering the Building and all of
Landlord’s property therein in an amount required by its insurance company to avoid the application of any coinsurance
provision.

 

2. Commercial
General Liability insurance (written on an occurrence basis) including Contractual Liability coverage insuring the
obligations assumed by Landlord under this Lease, Premises and Operations coverage, Personal Injury Liability coverage,
Independent Contractor’s Liability coverage. Such Commercial General Liability insurance shall be in amounts not less than
Two Million Dollars ($2,000,000) combined single limit per occurrence with a Four Million Dollar ($4,000,000) annual
aggregate.

 

ALTERATIONS

 

11.  a.  Tenant
shall make no alterations, installations, additions or improvements (herein collectively referred to as
“Alterations”) in or to the Leased Premises without the Landlord’s prior written consent, which consent shall not
be unreasonably withheld, conditioned or delayed and then only by contractors or mechanics approved by Landlord, and at such
times and in such manner as Landlord may from time to time reasonably designate.

 

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b. If
Tenant shall desire to make any Alterations, plans for the same shall first be issued to Landlord, and the Alterations shall
be constructed by Landlord’s contractors or mechanics at Tenant’s expense, and the cost of said Alterations shall be due and
payable to Landlord as Additional Rent. In the event that a building permit is required, Landlord shall have the first option
to submit the permit application on behalf of the Tenant. Any permit cost shall be at Tenant’s expense. Such Alterations
shall become the property of Landlord as soon as they are affixed to the Leased Premises and all rights, title and interest
therein of Tenant shall immediately cease, unless otherwise agreed to in writing.

 

c. Tenant
shall not be required to obtain Landlord consent for aesthetic improvements to the Lease Premises, excluding paint and carpet,
which shall not be unreasonably withheld, conditioned or delayed.

 

REPAIRS
AND MAINTENANCE 

 

12.  a.   Tenant
shall maintain the interior of the Leased Premises in good order and condition, ordinary wear and tear excepted. Landlord
shall maintain the interior common areas of the Building, the roof and the exterior of the Building, as well as the structure
thereof, and shall maintain the Property, in good order and repair, reasonable wear and tear excepted.

 

b. Tenant
shall, at the expiration of the Term or at the sooner termination thereof by forfeiture or otherwise, deliver-up the Leased
Premises in the same good order and condition as they were at the beginning of the tenancy, reasonable wear and tear
excepted.

 

SERVICES

 

13.  a.   Landlord
shall furnish the Leased Premises with electricity suitable for Tenant’s intended use as general office space, heating and
air conditioning for the comfortable use and occupancy of the Leased Premises between 6:00 A.M. and 7:00 P.M., Monday through
Friday and on Saturdays, 7:00 A.M. through 2:00 P.M. (hereinafter called “Normal Business Hours”) of each week
during the Term (legal holidays excepted), janitorial service and trash removal, Monday through Friday of each week during
the Term (legal holidays excepted), all at Landlord’s expense.

 

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If
Tenant shall require electrical current or install electrical equipment including but not limited to, electrical heating, additional
or supplemental air conditioning equipment, or machines or equipment using current in excess of 110 volts, which will in any way
increase the amount of the electricity usually furnished for use as general office space, or if Tenant shall intend to use the
Leased Premises in such a manner that the services to be furnished by Landlord hereunder would be required during periods other
than or in addition to the Normal Business Hours, Tenant shall be required to obtain Landlord’s written approval, and Tenant agrees
to pay periodically for the additional direct expense to Landlord resulting from the same including expenses resulting from any
such installation of equipment as Additional Rent. Providing Heating, Ventilating and Air Conditioning (“HVAC”) service
beyond the Normal Business Hours will be billed directly to Tenant as Additional Rent, on a $35.00 per HVAC unit,
per hour basis. To contract for additional HVAC service, Tenant must contact Landlord at least twenty four (24) hours prior to
the time period Tenant requires additional HVAC services and in the event Tenant requires HVAC service on Sunday, Tenant must
contact Landlord prior to Noon on the Friday previous to the Sunday requirement.

 

b. Landlord
shall furnish, supply and maintain any hallways, stairways, lobbies, elevators, restroom facilities and maintain the grounds,
parking facilities and other common areas of the Property, all at Landlord’s expense except as may be otherwise provided in this
Lease.

 

c. Landlord
shall provide necessary passenger elevator service during the Normal Business Hours as described herein. Tenant shall obtain Landlord’s
written consent prior to using the elevators for any use other than passenger service. Landlord reserves the right to exclude
any other use of the elevators during Normal Business Hours of the Building.

 

d. Landlord
shall have no liability or responsibility to supply heat, air conditioning, elevator, plumbing, cleaning, and/or electric
service, when prevented from so doing by laws, orders or regulations of any Federal, State, County or Municipal authority or
by strikes, accidents, or by any other cause whatsoever, beyond Landlord’s control.

 

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DEFAULT

 

14.
If Tenant shall fail to pay said installments of Annual Rent, Additional Rent, or any other sum required by the terms of this
Lease to be paid by Tenant and such failure shall continue for five (5) days after Landlord has given written notice thereof to
Tenant and/or in case Tenant shall fail to comply with any of the provisions, covenants, or conditions of this Lease, on its part
to be kept and performed, and such default shall continue for a period of ten (10) days after Landlord has given written notice
to Tenant, then, upon the happening of any such event, and in addition to any and all other remedies that may thereby accrue to
Landlord, Landlord may do the following:

 

a. Landlord’s
Election to Retake possession without Termination of Lease. Landlord may retake possession of the Leased Premises and shall
have the right, but not the obligation, without being deemed to have accepted a surrender thereof, and without terminating this
Lease, to relet the same for the remainder of the Term upon terms and conditions satisfactory to Landlord; and if the rent received
from such reletting does not at least equal the rent payable by Tenant hereunder, Tenant shall pay and satisfy the deficiency
between the amount of rent so provided in this Lease and the rent received through reletting the Leased Premises; and, in addition,
Tenant shall pay reasonable expenses in connection with any such reletting, including, but not limited to, the cost of renovating,
altering and decorating for any occupant, leasing commissions paid to any real estate broker or agent, and attorney’s fees incurred.

 

b. Landlord’s
Election to Terminate Lease. Landlord may terminate the Lease and forthwith repossess the Leased Premises by operation of
law and be entitled to recover as damages a sum of money equal to the total of the following amounts:

 

i.      any
unpaid rent or any other outstanding monetary obligation of Tenant to Landlord under the Lease;

 

ii.     the
balance of the rent for the remainder of the Term less the reasonable rental value of the Leased Premises if subleased under the
terms of the Lease that Tenant so proves;

 

iii.     damages
for the wrongful withholding of the Leased Premises by Tenant;

 

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iv.     all
reasonable legal expenses, including attorney’s fees, expert and witness fees, court costs and other costs incurred in exercising
its rights under the Lease;

 

v.      all
costs incurred in recovering the Leased Premises, restoring the Leased Premises to good order and condition, and all commissions
incurred by Landlord in reletting the Leased Premises; and

 

vi.     any
other reasonable amount necessary to compensate Landlord for all detriment proximately caused by Tenant’s default.

 

DAMAGE

 

15. In
the case of the total destruction of said Leased Premises by fire, other casualties, the elements, or other cause, or of such
damage thereto as shall render the same totally unfit for occupancy by Tenant for more than sixty (60) days, this Lease, upon
surrender and delivery to Landlord of the said Leased Premises, together with the payment of the Annual Rent to the date of such
occurrence and a proportionate part thereof to the date of surrender, shall terminate and be at an end. If the Leased Premises
are rendered partly untenantable by any cause mentioned in the preceding sentence, Landlord shall, at its own expense, restore
said Leased Premises with reasonable diligence, and the rent shall be abated proportionately for the period of said partial untenantability
and until the Leased Premises shall have been fully restored by Landlord.

 

BANKRUPTCY

 

16. In
the event of the appointment of a receiver or trustee for Tenant by any Federal or State court, in any legal proceedings under
any provision of the Bankruptcy Act; if the appointment of such receiver or such trustee is not vacated within sixty (60) days,
or if said Tenant be adjudicated bankrupt or insolvent, or shall make an assignment for the benefit of its creditors, then and
in any of said events, Landlord may, at its option, terminate this tenancy by ten (10) days written notice, and re-enter upon
said Leased Premises.

 

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POSSESSION/BENEFICIAL
OCCUPANCY

 

17. Landlord
covenants and agrees that possession of said Leased Premises shall be given to Tenant as soon as said Leased Premises are ready
for occupancy. In case possession, in whole or in part, cannot be given to Tenant on or before the Commencement Date of this Lease,
Landlord agrees to abate the Annual Rent proportionately until possession is given to said Tenant, and Tenant agrees to accept
such pro rata abatement as liquidated damages for the failure to obtain possession.

 

Occupancy
in any manner and in any part shall be deemed to be beneficial occupancy and installments of Annual Rent shall be due on the part
of Tenant. Beneficial occupancy and Annual Rent thereby due shall not depend on official government approval of such occupancy,
state of completion of the Building, availability or connection of utilities and services such as but not limited to sewer, water,
gas, oil or electric. No credit for Annual Rent shall be given due to lack of utilities or services, unless caused by gross negligence
of Landlord.

 

SIGNS

 

18. Signage
criteria for the Building has been established by Landlord and all such information for Tenant’s suite sign and digital
directory shall be submitted to Landlord for Landlord’s approval of confirmation to this criteria. Once approved by Landlord,
Landlord will order and install Tenant’s signage. The cost to manufacture the signage shall be solely at
Tenant’s expense and will be payable by-Tenant-as Additional-Rent, while and the cost to install said signage
shall be borne by Landlord.

 

LIABILITY

 

19. Landlord
shall not be liable to Tenant for any loss, damage or injury to Tenant or to any other person, or for any loss or damage to
the property of Tenant or of any other person, unless such loss, damage or injury shall be caused by or result from a
negligent act or omission solely on the part of Landlord or any of its agents, servants, or employees. Tenant shall, and does
hereby indemnify and hold harmless Landlord and any other parties in interest from and against any and all liabilities,
fines, claims, damages and actions, costs and expenses of any kind or nature (including attorneys’ fees) and of anyone
whatsoever (i) relating to or arising from the use and occupancy of the Leased Premises; (ii) due to or arising out of
any mechanic’s lien filed against the Building, or any part thereof, for labor performed or for materials furnished or
claimed to be furnished to Tenant, or (iii) due to or arising out of any breach, violation or nonperformance of any covenant,
condition or agreement in this Lease set forth and contained on the part of Tenant to be fulfilled, kept, observed or
performed.

 

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RIGHT
OF ENTRY

 

20. It
is understood and agreed that Landlord, and its agents, servants, and employees, including any builder or contractor employed
by Landlord, shall have, and Tenant hereby gives them the absolute, and unconditional right, license and permission, at any and
all reasonable times, and for any reasonable purpose whatsoever, to enter through, across or upon the Leased Premises or any part
thereof, and, at the option of Landlord, to make such reasonable repairs to or changes in said Leased Premises as Landlord may
deem necessary or proper. During anytime that Landlord enters Tenant’s suite, Landlord assumes liability for any and all of Landlord’s
agents and assigns during the visit. In no way shall the Landlord’s actions disrupt Tenant’s business operations unless in an
emergency situation.

 

EXPIRATION

 

21. It
is agreed that the Term expires on November 30, 2018, without the necessity of any notice by or to any of the parties hereto.
If Tenant shall occupy said Leased Premises after such expiration, it is understood that, in the absence of any written agreement
to the contrary, said Tenant shall hold the Leased Premises as a “Tenant from month to month”, subject to all the other
terms and conditions of this Lease, at double one hundred and fifty percent (150%) the highest monthly
rental installments reserved in this Lease; provided that Landlord shall, upon such expiration, be entitled to the benefit of
all public general or public local laws relating to the speedy recovery of the possession of land and tenements held over by Tenant
that may be now in force or may hereafter be enacted including but not limited to the recovery of consequential damages.

 

Prior
to expiration, Tenant agrees to schedule an inspection with Landlord to confirm that the Leased Premises will be in proper order
at expiration.

 

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CONDEMNATION

 

22. It
is agreed in the event that condemnation proceedings are instituted against the Leased Premises and title taken by any Federal,
State, Municipal or other body, then this Lease shall become null and void at the date of settlement of condemnation proceedings
and Tenant shall not be entitled to recover any part of the award which may be received by Landlord.

 

SUBORDINATION

 

23. It
is agreed that Landlord shall have the right to place a mortgage or any form of mortgages on the Leased Premises and this Lease
shall be subordinate to any such mortgage or mortgages, whether presently existing or hereafter placed on the Leased Premises,
and Tenant agrees to execute any and all documents assisting the effectuating of said subordination. Furthermore, if any person
or entity shall succeed to all or part of Landlord’s interest in the Leased Premises, whether by purchase, foreclosure, deed in
lieu of foreclosure, power of sale, termination of Lease, or otherwise, Tenant shall automatically attorn to such successor in
interest, which attornment shall be self operative and effective upon the signing of this Lease, and shall execute such other
agreement in confirmation of such attornment as such successor in interest shall reasonably request.

 

NOTICES

 

24. Any
written notice required by this Lease shall be deemed sufficiently given, if hand delivered, or sent via first class mail, certified
mail or by overnight courier service.

 

Any
notice required by this Lease is to be sent to Landlord at:

 

          2560
Lord Baltimore Drive               

 

          Baltimore.
Maryland 21244            

 

Any notice
required by this Lease is to be sent to Tenant at: 

 

           8171 Maple Lawn Boulevard, Suite 310        

 

           Maple
Lawn, Maryland 20759           

 

	 	Tenant’s
Initials  	

 

    	 	15	 

     

    

 

Account
Contact Information:

 

Address:
         8171 Maple Lawn Boulevard, Suite 310

 

                          Maple
Lawn, Maryland 20759             

 

Contact:
          Guy Levy-Yurista                                 

 

Title:
                Chief Technology Officer                   

 

Telephone:
      240.888.1499                                        

 

Fax:________________________________________

 

E-mail
Address:         guy@airpatrolcorp.com        _  _

 

Emergency Contact Information:

 

Address:    Same
as above                                         

 

 _________________________________________

 

Contact:___________________________________

 

Title:_____________________________________

 

Telephone:_________________________________

 

Fax:
______________________________________

 

E-mail
Address:_____________________________

 

REMEDIES
NOT EXCLUSIVE 

 

25. No
remedy conferred upon Landlord shall be considered exclusive of any other remedy, but shall be in addition to every other
remedy available to Landlord under this Lease or as a matter of law. Every remedy available to Landlord may be exercised
concurrently or from time to time, as often as the occasion may arise. Tenant hereby waives any and all rights which it may
have to request a jury trial in any proceeding at law or in equity in any court of competent jurisdiction.

 

WAIVERS

 

26.
It is understood and agreed that nothing shall be construed to be a waiver of any of the terms, covenants and conditions herein
contained, unless the same be in writing, signed by the party to be charged with such waiver, and no waiver of the breach of any
covenant shall be construed as the waiver or the covenant of any subsequent breach thereof.

 

	 	Tenant’s
Initials  	

 

    	 	16	 

     

    

 

PERFORMANCE

 

27. It
is agreed that the failure of Landlord to insist in any one or more instances upon a strict performance of any covenant of this
Lease or to exercise any right herein contained shall not be construed as a waiver or relinquishment for the future of such covenant
or right, but the same shall remain in full force and effect, unless contrary is expressed in writing by Landlord.

 

SECURITY
DEPOSIT AND FINANCIAL STATEMENTS 

 

28. A
security deposit of $87,920.00 will accompany this Lease, when submitted for approval by Landlord, subject to all the conditions
of the Security Deposit Agreement attached. If this Lease is not approved by Landlord within forty-five (45) days of its submission
to Landlord, the security deposit will be refunded in full.

 

Within
thirty (30) days of delivery to Landlord from Tenant, a Letter of Credit pursuant to Section 44 (Letter of Credit), Landlord shall
return to Tenant $75,000.00 of the security deposit, leaving a balance of $12,920.00.

 

Landlord
shall have the right, at a limit of once per year, to require annual financial statements of Tenant and/or Guarantor of this Lease.
Requested statements must be provided no later than ninety (90) days after the closing of each fiscal year. Tenant or Guarantor
shall provide written answers to any questions from Landlord which are related to Tenant’s financial statements or provide written
projections on Tenant’s business, if the financials are unacceptable to Landlord.

 

AGREEMENT
CONTENTS

 

29. This
Lease contains the final and entire agreement between the parties hereto, and neither they nor their agents shall be bound by
any terms, conditions or representations not herein written.

 

	 	Tenant’s
Initials  	

 

    	 	17	 

     

    

 

LEGAL
EXPENSE

 

30. In
the event, to enforce the terms of this Lease, either party files legal action against the other, and is successful in said action,
the losing party agrees to pay all reasonable expenses to the prevailing party, including reasonable attorneys’ fee incident to
said legal action. In the event that Landlord is successful in any legal action filed against Tenant, Landlord’s expenses incident
to said legal action shall be due as Additional Rent within thirty (30) days of invoice.

 

RELOCATION

 

31. Landlord
shall have the right at any time during the Term, upon not less than thirty (30) days written notice to Tenant, to relocate Tenant
to another location within the project, provided: (1) that the new location is reasonably similar in size, utility and appearance
(including a comparable glass line on a corner unit suite, comparable level of improvements (to include the upgraded doors, interior
glass windows and doors countertops and flooring), visibility from lobby and access) and (2) Landlord pays all reasonable moving
costs incurred by Tenant in connection with such move, including the cost of voice/data, company stationary and the physical move.
The parties shall execute an amendment to this Lease which will specify the change in Leased Premises, but this Lease shall in
no other respect be amended. In no event shall the new location be in the 1st floor of a building and all the conditions
of Section 43 (Antennas) shall apply at the new building.

 

LATE
CHARGE

 

32. If
Tenant shall fail to pay when due, the Annual Rent, Additional Rent or any other sum required by the terms of this Lease to be
paid by Tenant, then, upon the happening of any such event, and in addition to any and all other remedies that may thereby accrue
to Landlord, Tenant agrees to pay to Landlord a late charge of five percent (5%) of the monthly account balance. The late charge
on the Annual Rent accrues after ten (10) days of the due date and said late charge shall become part of and in addition to the
then due monthly rental. In the event Tenant’s rent is received fifteen (15) days after due date, Landlord shall have the option
to require the rental payment be made with a certified or cashiers check.

 

	 	Tenant’s
Initials  	

 

    	 	18	 

     

    

 

DOCUMENT
EXECUTION 

 

33. Tenant
agrees to execute any and all reasonable documents required of Tenant by the mortgage holder of the Leased Premises during the
Term of this Lease.

 

LEASEHOLD
IMPROVEMENTS 

 

34. The
Leased Premises shall contain only the following items at the expense of Landlord: (the “Original Alterations”) Landlord
shall construct the tenant improvements, using building standard materials, according to the attached Exhibit A, dated June 17,
2013. Tenant shall pay to Landlord upon execution of this Lease a payment in the amount of $19,126.50 toward to cost of the improvements.
Tenant shall also pay to Landlord upon the earlier of Substantial Completion or Tenant’s occupancy a payment in the amount of
$19,126.50 toward the cost of the improvements.

 

QUIET
ENJOYMENT

 

35. Tenant,
upon paying the Annual Rent on a monthly basis, Additional Rent and other charges herein provided and observing and keeping all
of its covenants, agreements, and conditions in this Lease, shall quietly have and enjoy the Leased Premises during the Term without
hindrance or molestation by anyone claiming by or through Landlord: subject, however, to all exceptions, reservations and conditions
of this Lease.

 

ESTOPPEL
CERTIFICATE

 

36. Tenant
shall, at any time during the Term or any renewal thereof, upon request of Landlord, execute, acknowledge, and deliver to Landlord
or its designee, a statement in writing, certifying that this Lease is unmodified and in full force and effect if such is the
fact that the same is in full force. Landlord shall bear any and all reasonable costs associated with Tenant’s execution, acknowledgement,
and delivery of said Estoppel Certificate.

 

	 	Tenant’s
Initials  	

 

    	 	19	 

     

    

 

ENVIRONMENTAL
REQUIREMENTS 

 

37. Tenant
hereby covenants and agrees that if at any time it is determined that there are materials placed on the Leased Premises by
Tenant, which, under any environmental requirements require special handling in collection, storage, treatment, or disposal,
Tenant shall, within thirty (30) days after written notice thereof, take or cause to be taken, at its sole expense,
such actions as may be necessary to comply with all environmental requirements. If Tenant shall fail to take such action,
Landlord may make advances or payments towards performance or satisfaction of the same but shall be under no obligation to do
so; and all sums so advanced or paid, including all sums advanced or paid in connection with any judicial or administrative
investigation or proceeding relating thereto, including, without limitation, reasonable attorney’s fees, fines, or other
penalty payments, shall be at once repayable by Tenant as Additional Rent and shall bear interest at the rate of four
percent (4%) per annum above the Prime Rate from time to time as published by the Wall Street Journal, from the date
the same shall become due and payable until the date paid. Failure of Tenant to comply with all environmental requirements
shall constitute and be a default under this Lease.

 

Tenant
will remain totally liable hereunder regardless of any other provisions which may limit recourse.

 

EXCULPATION
CLAUSE 

 

38. Neither
Landlord nor any principal, partner, member, officer, director, trustee or affiliate of Landlord (collectively, “Landlord
Affiliates”) shall have any personal liability under any provision of this Lease.

 

CORPORATE
TENANTS 

 

39. In
the event Tenant is a corporation, the persons executing this Lease on behalf of Tenant hereby covenant and warrant that: i) Tenant
is a duly constituted corporation qualified to do business in Maryland; ii) all Tenants franchises and corporate taxes have been
paid to date; and such person(s) that is (are) executing this Lease are duly authorized by the Board of Directors of such corporation
to execute and deliver this Lease on behalf of the corporation.

 

	 	Tenant’s
Initials  	

 

    	 	20	 

     

    

 

RULES
AND REGULATIONS 

 

40. Tenant
agrees to be bound by the Rules and Regulations as set forth on the schedule attached hereto and labeled Exhibit “B”
and made a part hereof. Landlord shall have the right, from time to time, to issue additional or amended Rules and Regulations
regarding the use of the Building and Property. Tenant covenants that said additional or amended Rules and Regulations shall likewise
be faithfully observed by Tenant, the employees of Tenant and all persons invited by Tenant into the Building. So long as they
are applied equitably to all tenants of the building and Property.

 

EXPANSION
CLAUSE

 

41. Provided
Tenant is not in default under this Lease, and in the event Tenant requires to significantly increase its leased square footage,
Tenant may lease a larger space in any available space in a building controlled by St. John Properties, Inc.

 

Landlord
and Tenant shall then execute a new lease for the larger space and Tenant’s current lease will terminate in conjunction with the
commencement of the new lease.

 

RENEWAL OPTION

 

42. Provided
Tenant is not then in default hereunder, Tenant may extend the term of this Lease and as it may be amended from time to time,
for one (1) further successive period of five (5) years, by notifying Landlord in writing of its intention to do so at least one
hundred eighty (180) days prior to the expiration of the then current term. The Annual Rent for each succeeding extension shall
be on the fair market rent (“Fair Market Rent”) based on the current rent for comparable space in the same general area
and similar use in the vicinity of the Premises, taking into account all market conditions including without limitation: rent
abatements, moving allowances, and customary brokers’ commissions. All other terms and conditions of this Lease shall remain in
full force and effect.

 

	 	Tenant’s
Initials  	

 

    	 	21	 

     

    

 

ANTENNAS

 

43. Landlord
agrees that during the duration of the Lease Term, and any renewals thereof, they will not permit any third-party, tenant, non-tenant,
and/or commercially operated cellular phone towers on the Building.

 

LETTER
OF CREDIT

 

44. Provided
that Tenant is not then in default, pursuant to Section 28 (Security Deposit & Financial Statements), Tenant shall be reimbursed
$75,000.00 of the security deposit within thirty (30) days after delivery to Landlord a Letter of Credit issued by a United States
Bank acceptable from time to time by Landlord. In the event that Landlord at any time determines that the issuer of the Letter
of Credit is not acceptable to Landlord, Landlord shall send written notice thereof to Tenant, and Tenant shall have thirty (30)
days to replace the Letter of Credit with a Letter of Credit issued by an issuer acceptable to Landlord. Failure of Tenant to
do so shall be a default under this Lease. Tenant shall maintain the aforesaid Letter of Credit in full force and effect according
to the following amounts and schedule;

 

	Year 1	 	January 1, 2014 — December 31, 2014	 	$	75,000.00	 
	 	 	 	 	 	 	 
	Year 2	 	January 1, 2015 — December 31, 2015	 	$	56,250.00	 
	 	 	 	 	 	 	 
	Year 3	 	January 1, 2016 — December 31, 2016	 	$	37,500.00	 
	 	 	 	 	 	 	 
	Remaining Term	 	No letter of credit shall be required	 	$	0.00	 

 

In
the event that the Letter of Credit initially provides that its expiry is prior to ninety (90) days after the end of the
term of this Lease, Tenant shall renew the Letter of Credit, in each instance for at least one (1) year, at least ninety (90)
days prior to the expiry thereof, and Tenant shall promptly provide Landlord with written notice of each renewal. Tenant
shall immediately notify Landlord of Tenant’s receipt of notice that the Letter of Credit has not been renewed at least
ninety (90) days prior to the expiry thereof or has been revoked or that the Letter of Credit may not be renewed as of any
anniversary date of the Letter of Credit. If the Letter of Credit is not renewed as aforesaid, or if the issuer of the Letter
of Credit states that the issuer will not renew the Letter of Credit, there shall be a default under this Lease, in
which case Landlord may exercise all remedies available under this Lease, including, but not limited to, drawing up to the
full amount of the Letter of Credit.

 

Upon
Tenant’s default in the performance of any of Tenant’s obligations under this Lease, including payment of Rent and Additional
Rent, which default continues beyond any applicable grace or cure period herein set forth, or in the event Landlord is notified
or determines that the Letter of Credit is not being renewed as provided above, Landlord shall have the right (but not the obligation)
to draw upon such Letter of Credit. Landlord shall apply the proceeds of such draw to all amounts owed by Tenant to Landlord,
in such application as determined by Landlord in its sole discretion, including all costs and expenses, including reasonable legal
fees, incurred by Landlord. Any surplus remaining from such draw shall be held by Landlord as a security deposit for the faithful
performance of Tenant’s obligations under this Lease, and Landlord shall have the right, but not the obligation, to apply such
security deposit, or any portion thereof, to any amounts due by Tenant upon any subsequent default by Tenant hereunder, including
all costs and expenses including reasonable legal fees incurred by Landlord. Such surplus, if not sooner applied, shall be returned
to Tenant, without interest, within thirty (30) days after vacating of the Premises by Tenant and termination of this Lease provided
(i) Tenant is not then in default under any provision of this Lease; (ii) Tenant has returned the Premises to Landlord in the
condition required by this Lease; (iii) there is no damage to the Premises beyond ordinary wear and tear, and the Premises have
been left in a clean condition and in good order, with all debris, rubbish and trash placed in proper containers; and (iv) Tenant’s
forwarding address has been left with Landlord. Tenant further agrees that Landlord shall be entitled to commingle said surplus
with Landlord’s own funds.

 

	 	Tenant’s
Initials  	

 

    	 	22	 

     

    

 

AS
WITNESS THE HAND AND SEALS OF THE PARTIES HERETO THE DAY AND YEAR FIRST ABOVE WRITTEN:

 

	WITNESS:	TENANT:
    AirPatrol Corporation
	 	 	 
	 	By:	/s/
    Cleve Adams
	 	Printed
    Name: Cleve Adams
	 	Title:	Chief
    Executive Officer
	 	 	 
	WITNESS:	LANDLORD:
    St. John Properties, Inc.
	 	 	 
	 	By:	/s/
    Richard Williamson
	 	Printed
    Name: Richard Williamson
	 	Title:	Senior
    Vice President

 

	 	Tenant’s
Initials  	

 

    	 	23	 

     

    

 

SECURITY
DEPOSIT AGREEMENT

 

This is NOT a rent receipt.

 

Date July 19, 2013

 

Received from AirPatrol
Corporation, the amount of 87,920.00, as security deposit for Leased Premises 8171 Maple Lawn Boulevard, Suite 310, Maple Lawn,
Maryland 20759.

 

Landlord
agrees that, subject to the conditions listed below, this security deposit will be returned in full within forty-five (45) days
of vacancy. However, in the event Tenant provides Landlord with a Letter of Credit pursuant to Section 44 (Letter of Credit)
of the Lease, within thirty (30) days Landlord shall return to Tenant $75,000.00 of the security deposit, leaving a remaining
balance of $12,920.00

 

Tenant
agrees that this security deposit may not be applied by Tenant as rent and that the full monthly rent will be paid on or before
the first day of every month, including the last month of occupancy. Tenant further agrees that a mortgagee of the property demised
by the Lease to which this Security Deposit Agreement is appended and/or a mortgagee thereof in possession of said property and/or
a purchaser of said property at a foreclosure sale shall not have any liability to Tenant for this security deposit.

 

SECURITY
DEPOSIT RELEASE PREREQUISITES:

 

	 	1.	Full term of Lease has expired
	 	2.	No damage to property beyond fair wear and tear.
	 	3.	Entire Leased Premises clean and in order.
	 	4.	No unpaid late charges or delinquent rents.
	 	5.	All keys returned to Landlord.
	 	6.	All debris and rubbish and discards placed in proper
rubbish containers.
	 	7.	Forwarding address left with Landlord.

 

	 	Tenant’s
Initials  	

 

    	 	24	 

     

    

 

AS
WITNESS THE HANDS AND SEALS OF THE PARTIES HERETO THE DAY AND YEAR FIRST ABOVE WRITTEN:

 

	WITNESS:	TENANT:
    AirPatrol Corporation
	 	 	 
	 	By:	/s/
    Cleve Adams
	 	Printed
    Name: Cleve Adams
	 	Title:	Chief
    Executive Officer
	 	 	 
	WITNESS:	LANDLORD:
    St. John Properties, Inc.
	 	 	 
	 	By:	/s/
    Richard Williamson
	 	Printed
    Name: Richard Williamson
	 	Title:	Senior
    Vice President

 

	 	Tenant’s
Initials  	

 

    	 	25	 

     

    

 

Exhibit
"B"

 

Maple
Lawn I 

RULES
AND REGULATIONS

 

1.
The common facilities, and the sidewalks, driveways, and other public portion of the Property (herein "Public Areas")
shall not be obstructed or encumbered by any tenant or used for any purpose other than ingress or egress to and from its Leased
Premises, and no tenant shall permit any of its employees, agents, licensees or invitees to congregate or loiter in any of the
Public Areas. No tenant shall invite to, or permit to visit its Leased Premises, persons in such numbers or under such conditions
as may interfere with the use and enjoyment by others of the Public Areas. Landlord reserves the right to control and operate,
and to restrict and regulate the use of, the Public Areas and the public facilities, as well as facilities furnished for the common
use of the tenants, in such manner as it deems best for the benefit of the tenants generally, including the right to allocate
certain elevators and times of use of elevators for delivery service or moving of Tenant's property, and the right to designate
which Building entrances shall be used by persons making deliveries in the Building. The employees, agents, licensees and invitees
of any Tenant shall not loiter around the Public Areas or the front, roof or any part of the Building used In common by other
occupants of the Building. No bicycles, vehicles, animals (except seeing-eye-dogs) fish or birds of any kind shall be brought
into, or kept in or about any Leased Premises within the Building.

 

2.
No doormat of any kind whatsoever shall be placed or left in any public hail or outside any entry door of the Leased Premises.
Tenant does hereby further irrevocably constitute and appoint Landlord as its attorney-in-fact only to remove any object placed
in violation of said Rules and Regulations, and to store the same at the expense of Tenant in such place or places as Landlord,
as its sole discretion, may deem proper.

 

3.
There shall not be used in any space, or in the Public Areas, either by any tenant or by others, in the moving or delivery of
receipt of safes, freight, furniture, packages, boxes, crates, paper, office material or any other matter or thing, only hand
trucks equipped with rubber tires, side guards and such other safeguards as Landlord shall require.

 

4.
All removals, or the carrying in or out of any safes, freight, furniture, large packages, boxes, crates or any other object or
matter of any description shall take place after Normal Building Hours or such hours and in such elevators as Landlord may determine,
and which may involve overtime work for Landlord's employees. Tenant shall reimburse Landlord for extra costs incurred by Landlord
as Additional Rent. Landlord reserves the right to inspect all objects and matter to be brought into the Building and to exclude
from the Building all objects and matter which violate any of these Rules and Regulations or the Lease of which these Rules and
Regulations are a part. Landlord shall in no way be liable to any tenant for damages or loss arising from the admission, exclusion
or ejection of any person to or from the Leased Premises or the Building under the provisions of this Rule or of Rule 3 thereof.

 

5.
Nothing shall be done or permitted in Tenant's Leased Premises, and nothing shall be brought into, or kept in or about the Leased
Premises, which would impair or interfere with any of the HVAC, plumbing, electrical, structural components of the Building or
the services of the Building or the proper and economic heating or cooling, cleaning or other services of the Building or the
Leased Premises, nor shall there be installed by any tenant any ventilating, air-conditioning, electrical or other equipment of
any kind which, in the judgment of Landlord, might cause any such impairment or interference. No tenant, or the employees, agents,
licensees or invitees of any tenant, shall at any time bring or keep upon the Leased Premises Building or Property any flammable,
combustible or explosive fluid, chemical or substance. When electric wiring of any kind is introduced, it must be connected as
directed by Landlord, and shall be done only by contractors approved by Landlord. Plumbing facilities shall not be used for any
purpose other than those for which they were constructed; and no sweepings, rubbish, ashes, newspapers or other substances of
any kind shall be thrown into them. Waste and excessive or unusual use of electricity or water is prohibited.

 

	 	Tenant’s
Initials  	

 

    	 	26	 

     

    

 

6.
Tenant shall not employ any person or persons other than Landlord's janitors for the purpose of cleaning its Leased Premises,
without prior written consent of Landlord. Landlord shall not be responsible to any tenant for any loss of property from its Leased
Premises however occurring, or for any damage done to the effects of any tenant by such janitors or any of its employees, or by
any other person or any other cause. The janitorial service furnished by Landlord does not include the beating or cleaning of
carpets or rugs. Tenant agrees to keep the Leased Premises in a neat, good and sanitary condition and to place garbage, trash,
rubbish and all other disposables only where Landlord directs

 

7.
No awnings or other projections shall be attached to the outside walls of the Building. No curtains, blinds, shades or screens
shall be attached to or hung in, or used in connection with, any window or door of a tenant's Leased Premises, without the consent
of Landlord. Nothing shall be placed on the Building's window sills or projections. Such curtains, blinds shades or screens must
be of a quality, type, design and color, and attached in the manner, approved by Landlord. If Landlord installs or allows Tenant
to install any shades, blinds, curtains in the Leased Premises, Tenant shall not remove them without the prior written consent
of Landlord. In order that the Building can be and will maintain a uniform appearance to those persons outside of the Building,
each tenant occupying the perimeter areas of the Building shall (a) use only building standard lighting in areas where lighting
is visible from the outside of the building and (b) use only building standard blinds in window areas which are visible from the
outside of the building.

 

8.
No sign, insignia, advertisement, lettering, notice or other object shall be exhibited, inscribed, painted or affixed by any tenant
on any part of the exterior of the Building or Property or on doors, corridor walls, the Building directory or in the elevator
cabs or any portion of the Leased Premises which may be seen from outside of the Building or on any windows or window spaces without
the prior written approval of Landlord. If approved by Landlord, Tenant shall obtain all necessary approvals and permits from
all governmental or quasi-governmental authorities in connection with such signs. Such signs shall, at the expense of each Tenant,
be inscribed, painted or affixed by sign-maker as approved by Landlord. In the event of the violation of the foregoing by any
tenant, Landlord may remove such signs without any liability, and may charge the expense incurred in such removal to the Tenant
or tenants violating this Rule.

 

9.
Landlord shall have the right to prohibit any advertising or identifying sign or by any tenant which, in the judgment of Landlord,
tends to impair the appearance or reputation of the Building or the desirability of the Building as a building for offices, and
upon written notice from Landlord such tenant shall refrain from the discontinue such advertising or identifying sign.

 

10.
No additional locks or bolts of any kind shall be placed upon any of the doors or windows by any tenant, nor shall any changes
be made in locks or the mechanism thereof. Each tenant shall upon the expiration or sooner termination of the Lease of which these
Rules and Regulations are a part, turn over to Landlord all keys to stores, offices and toilet rooms, either furnished to, or
otherwise procured by, such tenant, and in the event of the loss of any keys furnished by Landlord, such tenant shall pay to Landlord
the cost of replacement locks. Notwithstanding the forgoing, Tenant may, with Landlord's prior written consent, install a security
system on its Leased Premises which uses master codes or cards instead of keys, provided that Tenant shall provide Landlord with
the master code or card, for such system.

 

	 	Tenant’s
Initials  	

 

    	 	27	 

     

    

 

11.
Landlord shall furnish to Tenant at the time of occupancy of the Leased Premises, two (2) keys to the entrance door(s)
to the Leased Premises, and two (2) access cards to the Building. Any additional keys or access cards Tenant requires shall
be purchased from Landlord and is payable as Additional Rent. The cost for each additional key is $5.00 per key. The cost for
each additional access card is $15.00 per card. It is the Tenant's responsibility to record the serial number of each access
card it assigns to its employees.

 

12.
Tenant, before closing and leaving its Leased Premises at any time, shall see that all lights, computers, copying
machines and all other non-essential electrical equipment are turned off. All entrance doors to Tenant's in its Leased
Premises shall be kept locked by Tenant when its Leased Premises are not in use. Entrance doors shall not be left open at any
time.

 

13.
The use of the Building Property and any Leased Premises for sleeping quarters or for any immoral or illegal purpose
is strictly prohibited at all times.

 

14.
Canvassing, soliciting and peddling in the Building or on the Property are prohibited and each tenant shall cooperate
to prevent the same.

 

15.
No tenant shall cause or permit any odors of cooking or other processes, or any unusual or objectionable odors, to
emanate from its Leased Premises which would annoy other tenants or create a public or private nuisance. No cooking shall be
done in a tenant's Leased Premises except as is expressly permitted in the Lease unless consented to in writing by the
Landlord.

 

16.
No noise, including, but not limited to, music, the playing of musical instruments, recordings, radio or television,
which, in the judgement of Landlord, might disturb other tenants in the Building, shall be made or permitted by any
tenant.

 

17.
Tenant shall not install a vending machine of any kind in the Building or on or about the Property.

 

18.
Landlord hereby reserves to itself any and all rights not granted to Tenant hereunder, including, but not limited to,
the following rights which are reserved to Landlord for its purposes in operating the Office Building:

 

(a)
the exclusive right to the use of the name of the Building for all purposes, except that a tenant may use the name as its business
address and for no other purpose;

 

(b)
the right to change the name or address of the Building, without incurring any liability to any tenant for so doing;

 

(c)
the right to install and maintain a sign or signs on the interior of the Building:

 

(d)
the right to limit the space on the directory of the Building to be allotted to a tenant; and

 

(e)
the right to grant anyone the right to conduct any particular business or undertaking in the Building.

 

19.
Landlord reserves the right to rescind, alter, waive or add, any Rule or Regulation at any time prescribed for the
Building when, in the reasonable judgment of Landlord, Landlord deems it necessary or desirable for the reputation, safety,
character, security, care, appearance or interests of the Building, or the preservation of good order therein, or the
operation or maintenance of the Building, or the equipment thereof, or the comfort of tenants or others in the Building. No
rescission, alteration, waiver or addition of any Rule or Regulation in respect of one tenant shall operate as a rescission,
alteration or waiver in respect of any other tenant.

 

	 	Tenant’s
Initials  	

 

    	 	28Exhibit 10.57

 

LEASE
AGREEMENT

 

 

between

 

 

ECI
TWO BAYSHORE LLC

as “Landlord”

 

 

and

 

 

SYSOREX
GLOBAL HOLDINGS CORP.

as “Tenant”

 

    	 		Bayshore Standard Lease Form

     

    

 

TABLE
OF CONTENTS

 

	SECTION	PAGE
	1.	PREMISES	3
	2.	TERM;
    POSSESSION	3
	3.	RENT	4
	4.	SECURITY
    DEPOSIT	9
	5.	USE
    AND COMPLIANCE WITH LAWS	10
	6.	TENANT
    IMPROVEMENTS & ALTERATIONS	13
	7.	MAINTENANCE
    AND REPAIRS	15
	8.	TENANT’S
    TAXES	16
	9.	UTILITIES
    AND SERVICES	16
	10.	EXCULPATION
    AND INDEMNIFICATION	19
	11.	INSURANCE	20
	12.	DAMAGE
    OR DESTRUCTION	22
	13.	CONDEMNATION	23
	14.	ASSIGNMENT
    AND SUBLETTING	25
	15.	DEFAULT
    AND REMEDIES	29
	16.	LATE
    CHARGE AND INTEREST	31
	17.	WAIVER	31
	18.	ENTRY,
    INSPECTION AND CLOSURE	31
	19.	SURRENDER
    AND HOLDING OVER	32
	20.	ENCUMBRANCES	33
	21.	ESTOPPEL
    CERTIFICATES AND FINANCIAL STATEMENTS	34
	22.	NOTICES	34
	23.	ATTORNEYS’
    FEES	35
	24.	QUIET
    POSSESSION	35
	25.	SECURITY
    MEASURES	35
	26.	FORCE
    MAJEURE	35
	27.	RULES
    AND REGULATIONS	36
	28.	LANDLORD’S
    LIABILITY	36
	29.	CONSENTS
    AND APPROVALS	36
	30.	WAIVER
    OF RIGHT TO JURY TRIAL	37
	31.	BROKERS	37
	32.	RELOCATION
    OF PREMISES	37
	33.	OFAC	37
	34.	ENTIRE
    AGREEMENT	38
	35.	MISCELLANEOUS	38
	36.	AUTHORITY	38

 

    	 	- i -	Bayshore Standard Lease Form

     

    

 

INDEX
OF DEFINED TERMS

 

	Abated
    Base Rent	4	 	Landlord
    Improvements	 
	Additional
    Cost	Exhibit
    B	 	Landlord
    Parties	12
	Additional
    Rent	7	 	Laws	5
	Affiliate	28	 	Mortgagee	33
	Alterations	13	 	OFAC	37
	Audit	8	 	Operating
    Costs	5
	Award	23	 	Parking
    Facility	3
	Broker	37	 	Permitted
    Hazardous Materials	11
	Building	3	 	Permitted
    Transfer	28
	Building
    Rules	36	 	Permitted
    Transferee	28
	Building
    Systems	10	 	Premises	3
	Business
    Days	16	 	Property	3
	Business
    Hours	16	 	Property
    Manager	20
	Changes	Exhibit
    B	 	Proposed
    Transferee	25
	Claims	19	 	Rent	9
	Commencement
    Date	3	 	Rental
    Tax	16
	Condemnation	24	 	Representatives	11
	Condemnor	24	 	Rescission	27
	Construction
    Rider	3	 	Review
    Notice	8
	Control	28	 	Scheduled
    Commencement Date	3
	Controls	16	 	SD
    Reduction Effective Date	9
	Cosmetic
    Changes	13	 	Security
    Deposit	9
	Cost
    Estimate	Exhibit
    B	 	Security
    Reduction Notice	9
	Cost
    Pools	5	 	Service
    Failure	18
	CPA	8	 	Substantial
    Completion	Exhibit
    B
	Date
    of Condemnation	24	 	Substantially
    Complete	Exhibit
    B
	Earthquake
    Contribution Amount	5	 	Substantially
    Completed	Exhibit
B
	Encumbrance	33	 	Taxes	7
	Environmental
    Losses	11	 	Telecommunications
    Provider	19
	Environmental
    Requirements	11	 	Tenant	3
	Event
    of Default	29	 	Tenant
    Delay	3
	Excess
    Deductible Share	5	 	Tenant
    Delays	Exhibit
    B
	Expiration
    Date	3	 	Tenant
    Improvements	13
	Extension
    Option	Exhibit
    D	 	Tenant’s
    Rescission Notice	27
	Extension
    Period	Exhibit
    D	 	Tenant’s
    Review	8
	Fair
    Market Base Rental	Exhibit
    D	 	Tenant’s
    Share	7
	Fees	35	 	Tenant’s
    Taxes	16
	Handled
    by Tenant	11	 	Term	3
	Handling
    by Tenant	11	 	Trade
    Fixtures	15
	Hazardous
    Materials	11	 	Transfer	25
	HVAC	10	 	Transfer
    Consideration	26
	Interest
    Rate	31	 	Transferee	25
	Interior
    Common Areas	Exhibit
    C	 	Visitors	11
	Landlord	3	 	Work
    List	Exhibit
    B

 

    	 	- ii -	Bayshore Standard Lease Form

     

    

 

BASIC
LEASE INFORMATION

 

	Lease
    Date:	For
    identification purposes only, the date of this Lease is August 21, 2014
	 	 
	Landlord:	ECI
    TWO BAYSHORE LLC, 

a Delaware limited liability company
	 	 
	Tenant:	SYSOREX
    GLOBAL HOLDINGS CORP., 

a Nevada corporation
	 	 
	Building
    Addresses:	One
    building with the following address:
	 	 
	 	2479
    East Bayshore Road Palo Alto, CA 94303
	 	 
	Rentable
    Area of Building:	Approximately
    100,734 rentable square feet

 

	Premises:	Address:	2479
    East Bayshore Road
	 	Floor:	First
	 	Suite
    Number:	195
	 	Rentable
    Area:	Approximately
    4,377 rentable square feet

 

	Term:	Sixty-four
    (64) full calendar months (plus any partial month at the beginning of the Term)

 

	Scheduled
                                                                                                 Commencement Date:
	1-Oct-14
	 	 
	Expiration
    Date:	The
    last day of the sixty-fourth (64th) full calendar month in the Term

 

	Base
    Rent:	Months
    1 - 12:	$3.25
    per rentable square foot per month*
	 	Months
    13 - 24:	$3.35
    per rentable square foot per month
	 	Months
    25 - 36:	$3.45
    per rentable square foot per month
	 	Months
    37 - 48:	$3.55
    per rentable square foot per month
	 	Months
    49 - 60:	$3.66
    per rentable square foot per month
	 	Months
    61 - 64:	$3.77
    per rentable square foot per month

 

	 	*
    Base Rent with respect to the Premises for the first four (4) full calendar months of the initial Term is subject to
    abatement pursuant to Section 3.1 of the Lease.

 

	Maintenance,
                                                                                                 Operating Costs and Taxes:
	This
    is a “triple net lease” where Tenant is responsible for maintenance, and reimbursing Landlord for operating costs
    and taxes, all in accordance with the applicable provisions of the Lease.

 

	Tenant’s
    Share:	4.35%
	 	 
	Security
    Deposit:	$70,000.00,
    subject to the terms of Section 4 of the Lease
	 	 
	Landlord’s
    Address for
    Payment of Rent:	ECI
    Two Bayshore LLC
	 	Dept
    # 35100
	 	P.O.
    Box 39000
	 	San
    Francisco, CA. 94139
	 	 
	Business
    Hours:	8:00
    a.m. — 6:00 p.m., Monday through Friday, except holidays

 

    		1 	Bayshore Standard Lease Form

     

    

 

	Landlord’s
    Address for Notices:	ECI
    Two Bayshore LLC
	 	c/o
    Embarcadero Capital Partners,
	 	LLC
    1301 Shoreway Road, Suite
	 	250
    Belmont, CA 94002 Attn:
	 	John
    Hamilton
	 	 
	 	with
    a copy to:
	 	 
	 	Mr.
    Gregory B. Shean Farella
	 	Braun
    + Martel LLP The Russ
	 	Building,
    30th Floor 235
	 	Montgomery
    Street San
	 	Francisco,
    CA 94104
	 	 
	Tenant’s
    Address for Notices:	Prior
    to the Commencement Date:
	 	Sysorex
    Global Holdings Corp.
	 	3375
    Scott Boulevard, Suite 440
	 	Santa
    Clara, CA 95054
	 	 
	 	From
    and after the Commencement Date:
	 	The
    Premises
	 	 
	Broker:	Cornish
    & Carey Commercial Newmark Knight Frank, representing Landlord and Tenant
	 	 
	Guarantor:	None
    as of the date of this Lease
	 	 
	Property
    Manager:	Embarcadero
    Realty Services LP

 

	Additional
    Provisions:	37.	Parking
	 	38.	Extension
    Option
	 	39.	Signage

 

	Exhibits:	 
	Exhibit
    A:	The
    Premises
	Exhibit
    B:	Construction
    Rider
	Exhibit
    C:	Building
    Rules
	Exhibit
    D:	Additional
    Provisions

 

The
Basic Lease Information set forth above is part of the Lease. In the event of any conflict between any provision in the Basic
Lease Information and the Lease, the Lease shall control.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    		2 	Bayshore Standard Lease Form

     

    

 

 

THIS
LEASE is made as of the Lease Date set forth in the Basic Lease Information, by and between the Landlord identified in the Basic
Lease Information (“Landlord”), and the Tenant identified in the Basic Lease Information (“Tenant”).
Landlord and Tenant hereby agree as follows:

 

1.            PREMISES.
Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, upon the terms and subject to the conditions of this
Lease, the office space identified in the Basic Lease Information as the Premises (the “Premises”), in the
Office Building located at the address specified in the Basic Lease Information (the “Building”). The approximate
configuration and location of the Premises is shown on Exhibit A. Landlord and Tenant agree that the rentable area of the
Premises and the Building for all purposes under this Lease shall be the Rentable Areas specified in the Basic Lease Information.
The Building, together with the parking areas dedicated to the Building and the parcel(s) of land on which the Building and such
parking areas are situated are collectively called the “Property”. The surface parking areas serving the Property
are referred to as the “Parking Facility”. Landlord agrees that the base Building Systems (as such term is
defined in Section 5.1 below) shall be in working order as of the date Landlord delivers possession of the Premises to Tenant.
Except to the extent caused by the acts or omissions of Tenant, Tenant Representatives and/or Visitors or by any alterations or
improvements performed by or on behalf of Tenant, if such systems are not in working order as of the date Landlord delivers possession
of the Premises to Tenant and Tenant provides Landlord with notice of the same within forty-five (45) days following the date
Landlord delivers possession of the Premises to Tenant, Landlord shall be responsible for repairing or restoring the same, at
Landlord’s sole cost and expense. Pursuant to Civil Code section 1938, Landlord states that, as of the date of this Lease, the
Premises has not undergone inspection by a “Certified Access Specialist” to determine whether the Premises meet all
applicable construction-related accessibility standards under California Civil Code section 55.53.

 

2.            TERM;
POSSESSION. The term of this Lease (the “Term”) shall commence on the Commencement Date as described below
and, unless sooner terminated, shall expire on the Expiration Date set forth in the Basic Lease Information (the “Expiration
Date”). The “Commencement Date” shall be the later of (a) the date on which Landlord tenders possession
of the Premises to Tenant (or, in the event of any “Tenant Delay,” as defined in the Construction Rider, the
date on which Landlord could have done so had there been no such Tenant Delay); or (b) Scheduled Commencement Date. Landlord shall
tender possession of the Premises to Tenant with all of Landlord’s construction obligations, if any, “Substantially Completed”
as provided in the Construction Rider attached as Exhibit B (the “Construction Rider”). The parties
anticipate that the Commencement Date will occur on or about the Scheduled Commencement Date set forth in the Basic Lease Information
(the “Scheduled Commencement Date”); provided, however, that Landlord shall not be liable for any claims, damages
or liabilities if the Premises are not ready for occupancy by the Scheduled Commencement Date. When the Commencement Date has
been established, Landlord and Tenant shall at the request of either party confirm the Commencement Date and Expiration Date in
writing.

 

After
the Commencement Date Tenant (and such employees of Tenant who maintain offices primarily in the Premises, and to whom
Landlord has given access keys or cards pursuant to the provisions of this Lease) shall have access to the Premises 24 hours
per day, 365 days per year, subject to (a) security controls, such as having keys and access cards to the Building and the
Premises, (b) limitations and denial of access due to emergencies and Landlord’s scheduled maintenance of Building Systems,
and (c) limitations and denial of access due to reasons beyond the control of Landlord, such as actions by governmental
authorities.

 

    		3 	Bayshore Standard Lease Form

     

    

 

3.            RENT.

 

3.1       Base
Rent. Tenant agrees to pay to Landlord the Base Rent set forth in the Basic Lease Information, without prior
notice or demand, on the first day of each and every calendar month during the Term, except that Base Rent for the first full
calendar month in which Base Rent is payable shall be paid upon Tenant’s execution of this Lease and Base Rent for any
partial month at the beginning of the Term shall be paid on the Commencement Date. Base Rent for any partial month at the
beginning or end of the Term shall be prorated based on the actual number of days in the month.

 

Notwithstanding
anything in this Lease to the contrary, so long as Tenant is not in default under this Lease, Tenant shall be entitled to an abatement
of Base Rent with respect to the Premises, as originally described in this Lease, in the amount of $14,225.25 per month for first
four (4) full calendar months of the initial Term. The maximum total amount of Base Rent abated with respect to the Premises in
accordance with the foregoing shall equal $56,901.00 (the “Abated Base Rent”). If Tenant defaults under this
Lease at any time during the Term and fails to cure such default within any applicable cure period under this Lease, then all
Abated Base Rent shall immediately become due and payable. The payment by Tenant of the Abated Base Rent in the event of a default
shall not limit or affect any of Landlord’s other rights, pursuant to this Lease or at law or in equity. Only Base Rent shall
be abated pursuant to this Section, as more particularly described herein, and Tenant’s Share of Operating Costs and Taxes and
all other Rent and other costs and charges specified in this Lease shall remain as due and payable pursuant to the provisions
of this Lease.

 

If
the Basic Lease Information provides for any change in Base Rent by reference to years or months (without specifying particular
dates), the change will take effect on the applicable annual or monthly anniversary of the Commencement Date (which might not
be the first day of a calendar month).

 

    		4 	Bayshore Standard Lease Form

     

    

 

3.2       Additional
Rent: Operating Costs and Taxes.

 

(a)       Definitions.

 

(1)       “Operating Costs” means all costs of managing, operating, maintaining and repairing the Property, including
all costs, expenditures, fees and charges for: (A) operation, maintenance and repair of the Property (including maintenance,
repair and replacement of glass, the roof covering or membrane, and landscaping); (B) utilities and services (including
telecommunications facilities and equipment, recycling programs and trash removal), and associated supplies and materials;
(C) compensation (including employment taxes and fringe benefits) for persons who perform duties in connection with the
operation, management, maintenance and repair of the Building, such compensation to be appropriately allocated for persons
who also perform duties unrelated to the Building; (D) property (including coverage for earthquake and flood if carried by
Landlord), liability, rental income and other insurance relating to the Property, and expenditures for deductible amounts
under such insurance, provided that, if applicable, the payment of Tenant’s Share of any earthquake deductible which is
included in Operating Costs shall not exceed One Hundred Thousand Dollars ($100,000.00) for any single earthquake event
during the initial Term (the “Earthquake Contribution Amount”); provided, however, that Tenant shall pay
as part of Operating Costs an initial Twenty-Five Thousand Dollars ($25,000.00) and the remaining amount (that is the amount
in excess of Twenty-Five Thousand Dollars ($25,000.00) up to the Earthquake Contribution Amount (the “Excess
Deductible Share”)) shall be amortized over a period of ten (10) years commencing the year following Tenant’s
initial $25,000.00 payment, with interest on the unamortized amount at one percent (1%) in excess of the Wall Street Journal
prime lending rate announced from time to time. Tenant shall only pay the initial Twenty-Five Thousand Dollars ($25,000.00)
in the year incurred and thereafter pay only the amortized portion of such Excess Deductible Share in equal
monthly installments during each remaining Lease Year of the Tenn (including any extension thereof) following the year in
which the initial payment was made; (E) licenses, permits and inspections; (F) subject to the terms of this Section 3.2,
complying with the requirements of any law, statute, ordinance or governmental rule or regulation or any orders pursuant
thereto (collectively “Laws”); (G) subject to the terms of this Section 3.2, amortization of capital
improvements which are required to comply with Laws, or which are intended to reduce Operating Costs or improve the utility,
efficiency or capacity of any Building System, or otherwise for the safety, comfort and convenience of tenants, or which are
required to comply with present or future conservation programs, with interest on the unamortized balance at the rate paid by
Landlord on funds borrowed to finance such capital improvements (or, if Landlord finances such improvements out of Landlord’s
funds without borrowing, the rate that Landlord would have paid to borrow such funds, as reasonably determined by Landlord),
over such useful life as Landlord shall reasonably determine; (H) an office in the Building for the management of the
Property, including expenses of furnishing and equipping such office and the rental value of any space occupied for such
purposes; (I) property management fees (not to exceed three percent (3%) of the gross revenue of the Building); (J)
accounting, legal and other professional services incurred in connection with the operation of the Property and the
calculation of Operating Costs and Taxes; (K) a reasonable allowance for depreciation on machinery and equipment used to
maintain the Property and on other personal property owned by Landlord in the Property (including window coverings and
carpeting in common areas); (L) contesting the validity or applicability of any Laws that may affect the Property; (M) the
Building’s share of any shared or common area maintenance costs and expenses (including costs and expenses of operating,
managing, owning and maintaining the Parking Facility and the common areas of the Property and any fitness center or
conference center in the Property); (N) any reasonable costs incurred to make any alterations or improvements to the Building
or Property necessary for any voluntary certification as “green” or sustainable, or other similar certifications,
and any costs for such certification; and (O) any other cost, expenditure, fee or charge, whether or not hereinbefore
described, which in accordance with generally accepted property management practices would be considered an expense of
managing, operating, maintaining and repairing the Property. Operating Costs for any calendar year during which average
occupancy of the Building is less than one hundred percent (100%) shall be calculated based upon the Operating Costs that
would have been incurred if the Building had an average occupancy of one hundred percent (100%) during the entire calendar
year. Landlord shall have the right, from time to time, to equitably allocate some or all of the costs for the Building among
different portions or occupants of the Building (the “Cost Pools”), in Landlord’s reasonable discretion.
The Cost Pools may include, but shall not be limited to, the office space tenants, the retail space tenants and storage space
of the Building. The costs within each Cost Pool shall be allocated and charged to the tenants in the Cost Pool in an
equitable manner.

 

    		5 	Bayshore Standard Lease Form

     

    

 

Operating
Costs shall not include (1) capital improvements (except as specifically enumerated above); (ii) costs of special services rendered
to individual tenants (including Tenant) for which a separate reimbursement is received; (iii) ground rent, and interest and principal
payments on loans or indebtedness secured by the Building; (iv) costs of tenant improvements for Tenant or other tenants of the
Building; (v) costs of services or other benefits of a type which are not available to Tenant but which are available to other
tenants or occupants, and costs for which Landlord is reimbursed by other tenants of the Building other than through payment of
tenants’ shares of Operating Costs and Taxes; (vi) leasing commissions, attorneys’ fees and other expenses incurred in connection
with leasing space in the Building or enforcing such leases; (vii) depreciation or amortization, other than as specifically enumerated
above; (viii) costs, fines or penalties incurred due to Landlord’s violation of any Law; (ix) costs incurred by Landlord for the
repair of damage to the Building, to the extent that Landlord is reimbursed for such costs by insurance proceeds, contractor warranties,
guarantees, judgments or other third party sources; (x) marketing costs, leasing commissions, finders’ fees, attorney’s fees,
costs, and disbursements and other expenses incurred in connection with leasing space in the Building or disputes with tenants,
other occupants, or prospective tenants, or in enforcing leases, or legal fees incurred in connection with negotiating this Lease;
(xi) costs of repairs directly resulting from the gross negligence or willful misconduct of Landlord; (xii) salaries, fringe benefits
and other compensation of employees above the grade of general manager (or of equal level); (xiii) costs associated with the operation
of the business of the partnership or entity which constitutes Landlord, or the operation of any parent, subsidiary or affiliate
of Landlord, as the same are distinguished from the costs of operation of the Building, including without limitation, partnership
accounting and legal matters, costs of defending any lawsuits with any mortgagee, and costs of selling, syndicating, financing,
mortgaging or hypothecating any of Landlord’s interest in the Building; (xiv) costs, fines or penalties incurred due to Landlord’s
violation of any Law; (xv) any cost or expense related to removal, cleaning, abatement or remediation of Hazardous Materials existing
as of the date of this Lease in or about the Building or common areas except to the extent such removal, cleaning, abatement or
remediation is related to the general repair and maintenance of the Building; (xvi) the cost of complying with any Laws in effect
(and as interpreted and enforced) as of the date of this Lease, provided that if any portion of the common areas of the Building
that was in compliance with all applicable Laws on the date of this Lease becomes out of compliance due to normal wear and tear,
the cost of bringing such portion of the Building into compliance shall be included in Operating Costs unless otherwise excluded
pursuant to the terms hereof; and (xvii) attorney’s fees and disbursements, brokerage commissions, transfer taxes, recording costs
and taxes, title insurance premiums, title closer’s fees and gratuities and other similar costs incurred in connection with the
sale or transfer of an interest in Landlord or the Building.

 

    		6 	Bayshore Standard Lease Form

     

    

 

(2)       “Taxes”
means: all real property taxes and general, special or district assessments or other governmental impositions, of whatever
kind, nature or origin, imposed on or by reason of the ownership or use of the Property; governmental charges, fees or assessments
for transit or traffic mitigation (including area-wide traffic improvement assessments and transportation system management fees),
housing, police, fire or other governmental service or purported benefits to the Property; personal property taxes assessed on
the personal property of Landlord used in the operation of the Property; service payments in lieu of taxes and taxes and assessments
of every kind and nature whatsoever levied or assessed in addition to, in lieu of or in substitution for existing or additional
real or personal property taxes on the Property or the personal property described above; any increases in the foregoing caused
by changes in assessed valuation, tax rate or other factors or circumstances; and the reasonable cost of contesting by appropriate
proceedings the amount or validity of any taxes, assessments or charges described above. To the extent paid by Tenant or other
tenants as “Tenant’s Taxes” (as defined in Section 8 - Tenant’s Taxes), “Tenant’s Taxes” shall be
excluded from Taxes.

 

(3)       “Tenant’s Share” means the Rentable Area of the Premises divided by the total Rentable Area of the Building,
as set forth in the Basic Lease Information. If the Rentable Area of the Premises is changed by Tenant’s leasing of
additional space hereunder or for any other reason, Tenant’s Share shall be adjusted accordingly.

 

(b)       Additional
Rent.

 

(1)       Tenant
shall pay Landlord as “Additional Rent” for each calendar year or portion thereof during the Term Tenant’s Share
of the sum of (x) the amount of Operating Costs, and (y) the amount of Taxes.

 

(2)       Prior
to the Commencement Date and each calendar year thereafter, Landlord shall notify Tenant of Landlord’s estimate of Operating Costs,
Taxes and Tenant’s Additional Rent for the following calendar year (or first partial year following the Commencement Date). Commencing
on the Commencement Date, and in subsequent calendar years, on the first day of January of each calendar year and continuing on
the first day of every month thereafter in such year, Tenant shall pay to Landlord one-twelfth (1/12th) of the Additional Rent,
as reasonably estimated by Landlord for such full calendar year. If Landlord thereafter estimates that Operating Costs or Taxes
for such year will vary from Landlord’s prior estimate, Landlord may, by notice to Tenant, revise the estimate for such year (and
Additional Rent shall thereafter be payable based on the revised estimate).

 

(3)       As
soon as reasonably practicable after the end of each calendar year, Landlord shall furnish Tenant a statement with respect to
such year, showing Operating Costs, Taxes and Additional Rent for the year, and the total payments made by Tenant with respect
thereto. Unless Tenant raises any objections to Landlord’s statement within sixty (60) days after receipt of the same, such statement
shall conclusively be deemed correct and Tenant shall have no right thereafter to dispute such statement or any item therein or
the computation of Additional Rent based thereon. If Tenant does object to such statement, then Landlord shall provide Tenant
with reasonable verification of the figures shown on the statement and the parties shall negotiate in good faith to resolve any
disputes. Any objection of Tenant to Landlord’s statement and resolution of any dispute shall not postpone the time for payment
of any amounts due Tenant or Landlord based on Landlord’s statement, nor shall any failure of Landlord to deliver Landlord’s statement
in a timely manner relieve Tenant of Tenant’s obligation to pay any amounts due Landlord based on Landlord’s statement.

 

    		7 	Bayshore Standard Lease Form

     

    

 

(4)      If
Tenant’s Additional Rent as finally determined for any calendar year exceeds the total payments made by Tenant on
account thereof, Tenant shall pay Landlord the deficiency within ten (10) Business Days of Tenant’s receipt of Landlord’s
statement. If the total payments made by Tenant on account thereof exceed Tenant’s Additional Rent as finally determined for
such year, Tenant’s excess payment shall be credited toward the rent next due from Tenant under this Lease. For any partial
calendar year at the beginning or end of the Term, Additional Rent shall be prorated on the basis of a 360-day year by
computing Tenant’s Share of the Operating Costs and Taxes for the entire year and then prorating such amount for the number
of days during such year included in the Term. The obligations of Landlord to refund any overpayment of Additional Rent and
of Tenant to pay any Additional Rent not previously paid shall survive the expiration or termination of this Lease, Landlord
shall pay to Tenant or Tenant shall pay to Landlord, as the case may be, within ten (10) Business Days after Tenant’s receipt
of Landlord’s final statement for the calendar year in which this Lease terminates, the difference between Tenant’s
Additional Rent for that year, as finally determined by Landlord, and the total amount previously paid by Tenant on account
thereof.

 

If
for any reason Taxes for any year during the Term are reduced, refunded or otherwise changed, Tenant’s Additional Rent shall be
adjusted accordingly. If Taxes are temporarily reduced as a result of space in the Project being leased to a tenant that is entitled
to an exemption from property taxes or other taxes, then for purposes of determining Additional Rent for each year in which Taxes
are reduced by any such exemption, Taxes for such year shall be calculated on the basis of the amount the Taxes for the year would
have been in the absence of the exemption.

 

(c)       Tenant’s
Review and Audit Right. Within sixty (60) days after Tenant receives Landlord’s statement of Operating Costs for a
calendar year, if Tenant in good faith questions or contests the accuracy of Landlord’s statement of Operating Costs for such
calendar year, then Tenant may give Landlord written notice (“Review Notice”) that Tenant intends to review
Landlord’s records of the Operating Costs for that calendar year to which the statement applies (“Tenant’s Review”),
subject to the following terms and conditions: (a) Tenant shall not conduct Tenant’s Review at any time that Tenant is in default
of any of the terms of this Lease; (b) Tenant’s Review shall be done during normal business hours, at the office of the property
manager for the Building, (c) Tenant shall not conduct Tenant’s Review more than one (1) time for any calendar year, and (d) the
Review Notice shall specify in detail which items of expense Tenant, in good faith, believes have been misstated. Failure of Tenant
to give Landlord a Review Notice within the above sixty (60)-day period shall render the statement of Operating Costs conclusive
and binding on Tenant for all purposes. Tenant’s Review shall be conducted only by an employee of Tenant or a certified public
accountant employed by Tenant on an hourly or fixed fee basis, and not on a contingency fee basis. Tenant acknowledges that Tenant’s
right to conduct Tenant’s Review for the preceding calendar year is for the exclusive purpose of determining whether Landlord
has complied with the terms of the Lease with respect to Operating Costs. Within a reasonable time after receipt of the Review
Notice, Landlord shall make all pertinent records available for inspection that are reasonably necessary for Tenant to conduct
Tenant’s Review. Tenant shall not remove such records from the location where the same have been made available, but Tenant shall
have the right to make copies of the same at Tenant’s expense. If any records are maintained at a location other than the management
office for the Building, Tenant may either inspect the records at such other location or pay for the reasonable cost of copying
and shipping the records. Tenant shall have forty-five (45) days after Landlord shall have provided copies of or access to the
relevant documents and data to complete Tenant’s Review. Tenant shall deliver to Landlord a copy of the results of Tenant’s Review
within fifteen (15) days after completing Tenant’s Review. If, after conducting Tenant’s Review, Tenant disputes the amount of
Operating Costs charged by Landlord, Tenant may, by written notice to Landlord, request an independent audit of such books and
records (the “Audit”). The Audit shall be conducted by an independent certified public accountant (“CPA”)
selected by Landlord, who is reasonably acceptable to Tenant, and who is with a certified public accounting firm licensed to do
business in the State of California. Tenant shall be solely responsible for all costs, expenses and fees incurred for the Audit,
provided, however, if the Audit shows that Landlord overstated Operating Costs for the subject year by more than five percent
(5%), then Landlord shall pay all costs and expenses of the Audit. The records obtained by Tenant shall be treated as confidential.
In no event shall Tenant be permitted to examine Landlord’s records or to dispute any statement of Operating Costs unless Tenant
has paid and continues to pay all Rent when due. Within thirty (30) days after final determination, the party that owes the other
party an amount to bring the amounts actually paid into agreement with the amounts that should have been paid, shall pay such
amounts to the other party. The provisions of this Subsection (e) shall survive the expiration of this Lease.

 

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3.3       Payment
of Rent. All amounts payable or reimbursable by Tenant under this Lease, including late charges and interest (collectively,
“Rent”), shall constitute rent and shall be payable and recoverable as rent in the manner provided in this
Lease. All sums payable to Landlord on demand under the terms of this Lease shall be payable within ten (10) Business Days after
Landlord invoices Tenant therefor or otherwise makes demand of the amounts due. All rent shall be paid without offset or deduction
in lawful money of the United States of America to Landlord at Landlord’s Address for Payment of Rent as set forth in the Basic
Lease Information, or to such other person or at such other place as Landlord may from time to time designate.

 

4.            SECURITY
DEPOSIT. On execution of this Lease, Tenant shall deposit with Landlord the amount specified in the Basic Lease Information
as the Security Deposit, if any (the “Security Deposit”), as security for the performance of Tenant’s obligations
under this Lease. Landlord may (but shall have no obligation to) use the Security Deposit or any portion thereof to cure any breach
or default by Tenant under this Lease (which breach or default continues beyond any applicable notice and cure period), to fulfill
any of Tenant’s obligations under this Lease, or to compensate Landlord for any damage Landlord incurs as a result of Tenant’s
failure to perform any of Tenant’s obligations hereunder. In such event Tenant shall pay to Landlord on demand an amount sufficient
to replenish the Security Deposit. If Tenant is not in default at the expiration or termination of this Lease, Landlord shall
return to Tenant the Security Deposit or the balance thereof then held by Landlord and not applied as provided above. Landlord
may commingle the Security Deposit with Landlord’s general and other funds. Landlord shall not be required to pay interest on
the Security Deposit to Tenant. Tenant waives the provisions of Section 1950.7 of the California Civil Code, and all other provisions
of Law now in force or that become in force after the date of this Lease, which provide that Landlord may claim from a security
deposit only those sums reasonably necessary to remedy defaults in the payment of Rent, to repair damage caused by Tenant, or
to clean the Premises. Landlord and Tenant agree that Landlord may, in addition, claim and use those sums necessary to compensate
Landlord for any foreseeable or unforeseeable loss or damage caused by the act or omission by Tenant, including, without limitation,
any post default damages and such remedies to which Landlord is entitled under the provisions of Section 15.2 of this Lease. Subject
to the remaining terms of this Section 4, and provided Tenant is not in default and has not been in default at any time preceding
the effective date of any reduction of the Security Deposit (beyond any applicable notice and cure periods) (each a “SD
Reduction Effective Date”), Tenant shall have the right to reduce the amount of the Security Deposit so that the new
Security Deposit amounts will be as follows: (i) $50,000.00 effective as of the first day of the eighteenth (18th)
full calendar month of the initial Term; (ii) $30,000.00 effective as of the first day of the twenty-eighth (28th)
full calendar month of the initial Term; and (iii) $21,972.54 effective as of the first day of the thirty-seventh (37th)
full calendar month of the initial Term. Notwithstanding anything to the contrary contained herein, if Tenant has been in default
under this Lease at any time prior to any SD Reduction Effective Date and Tenant has failed to cure such default within any applicable
cure period, then Tenant shall have no further right to reduce the amount of the Security Deposit as described herein. If Tenant
is entitled to a reduction in the Security Deposit, Tenant shall provide Landlord with written notice requesting that the Security
Deposit be reduced as provided above (the “Security Reduction Notice”). If Tenant provides Landlord with a
Security Reduction Notice, and Tenant is entitled to reduce the Security Deposit as provided herein, Landlord shall refund the
applicable portion of the Security Deposit to Tenant within forty-five (45) days after the later to occur of (a) Landlord’s receipt
of the Security Reduction Notice, or (b) the date upon which Tenant is entitled to a reduction in the Security Deposit as provided
above.

 

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5.             USE
AND COMPLIANCE WITH LAWS.

 

5.1       Use.
The Premises shall be used and occupied for general business office purposes and for no other use or purpose. Tenant shall
comply with all present and future Laws relating to Tenant’s use or occupancy of the Premises (and make any repairs, alterations
or improvements as required to comply with all such Laws to the extent that such Laws relate to or are triggered by (a) Tenant’s
occupancy and particular use of the Premises (as opposed to general office use), or (b) any Alterations made by or on behalf of
Tenant (excluding the Tenant Improvements)), and shall observe the “Building Rules” (as defined in Section 27 - Rules
and Regulations). Tenant shall not do, bring, keep or sell anything in or about the Premises that is prohibited by, or that
will cause a cancellation of or an increase in the existing premium for, any insurance policy covering the Property or any part
thereof. Tenant shall not permit the Premises to be occupied or used in any manner that will constitute waste or a nuisance, or
disturb the quiet enjoyment of or otherwise annoy other tenants in the Building. Without limiting the foregoing, the Premises
shall not be used for educational activities, practice of medicine or any of the healing arts, providing social services, for
any governmental use (including embassy or consulate use), or for personnel agency, customer service office, studios for radio,
television or other media, travel agency or reservation center operations or uses. Tenant shall not, without the prior consent
of Landlord, (i) bring into the Building or the Premises anything that may cause substantial noise, odor or vibration, overload
the floors in the Premises or the Building or any of the heating, ventilating and air-conditioning (“HVAC”),
mechanical, elevator, plumbing, electrical, fire protection, life safety, security or other systems in the Building (“Building
Systems”), or jeopardize the structural integrity of the Building or any part thereof; (ii) connect to the utility systems
of the Building any apparatus, machinery or other equipment other than typical low power task lighting or office equipment; or
(iii) connect to any electrical circuit in the Premises any equipment or other load with aggregate electrical power requirements
in excess of 80% of the rated connected load capacity of the circuit. Tenant’s use of electricity shall never exceed the safe
capacity of the feeders to the Property or the risers or wiring installation of the Building. Tenant agrees to reasonably cooperate
with Landlord with respect to any voluntary “green” or sustainable programs with respect to the Premises; provided,
however, that notwithstanding anything to the contrary, Tenant shall not be responsible to make any improvements or alterations
to the Premises or to replace any equipment or property of Tenant in connection therewith unless Landlord agrees to pay for all
costs for such improvements, alterations or replacements. The foregoing sentence shall not apply to Tenant’s construction of the
initial Tenant Improvements in the Premises.

 

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5.2       Hazardous
Materials.

 

(a)       Definitions.

 

(1)       “Hazardous
Materials” shall mean any substance: (A) that now or in the future is regulated or governed by, requires investigation
or remediation under, or is defined as a hazardous waste, hazardous substance, pollutant or contaminant under any governmental
statute, code, ordinance, regulation, rule or order, and any amendment thereto, including the Comprehensive Environmental Response
Compensation and Liability Act, 42 U.S.C. §9601 et seq., and the Resource Conservation and Recovery Act, 42 U.S.C.
§6901 etsue., or (B) that is toxic, explosive, corrosive, flammable, radioactive, carcinogenic, dangerous or otherwise hazardous,
including gasoline, diesel fuel, petroleum hydrocarbons, polychlorinated biphenyls (PCBs), asbestos, radon and urea formaldehyde
foam insulation.

 

(2)       “Environmental
Requirements” shall mean all present and future Laws, orders, permits, licenses, approvals, authorizations and other
requirements of any kind applicable to Hazardous Materials.

 

(3)       “Handled
by Tenant” and “Handling by Tenant” shall mean and refer to any installation, handling, generation,
storage, use, disposal, discharge, release, abatement, removal, transportation, or any other activity of any type by Tenant or
its agents, employees, contractors, licensees, assignees, sublessees, transferees or representatives (collectively, “Representatives”)
or its guests, customers, invitees, or visitors (collectively, “Visitors”), at or about the Premises in connection
with or involving Hazardous Materials.

 

(4)       “Environmental
Losses” shall mean all costs and expenses of any kind, damages, including foreseeable and unforeseeable consequential
damages, fines and penalties incurred in connection with any violation of and compliance with Environmental Requirements and all
losses of any kind attributable to the diminution of value, loss of use or adverse effects on marketability or use of any portion
of the Premises or Property.

 

(b)       Tenant’s
Covenants. No Hazardous Materials shall be Handled by Tenant at or about the Premises or Property without Landlord’s prior
written consent, which consent may be granted, denied, or conditioned upon compliance with Landlord’s requirements, all in Landlord’s
absolute discretion. Notwithstanding the foregoing, normal quantities and use of those Hazardous Materials customarily used in
the conduct of general office activities, such as copier fluids and cleaning supplies (“Permitted Hazardous Materials”),
may be used and stored at the Premises without Landlord’s prior written consent, provided that Tenant’s activities at or about
the Premises and Property and the Handling by Tenant of all Hazardous Materials shall comply at all times with all Environmental
Requirements. At the expiration or termination of the Lease, Tenant shall promptly remove from the Premises and Property all Hazardous
Materials Handled by Tenant at the Premises or the Property. Tenant shall keep Landlord fully and promptly informed of all Handling
by Tenant of Hazardous Materials other than Permitted Hazardous Materials. Tenant shall be responsible and liable for the compliance
with all of the provisions of this Section by all of Tenant’s Representatives and Visitors, and all of Tenant’s obligations under
this Section (including its indemnification obligations under paragraph (e) below) shall survive the expiration or termination
of this Lease.

 

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(c)       Compliance.
Tenant shall at Tenant’s expense promptly take all actions required by any governmental agency or entity in connection with or
as a result of the Handling by Tenant of Hazardous Materials at or about the Premises or Property, including inspection and testing,
performing all cleanup, removal and remediation work required with respect to those Hazardous Materials, complying with all closure
requirements and post-closure monitoring, and filing all required reports or plans. All of the foregoing work and all Handling
by Tenant of all Hazardous Materials shall be performed in a good, safe and workmanlike manner by consultants qualified and licensed
to undertake such work and in a manner that will not interfere with any other tenant’s quiet enjoyment of the Property or Landlord’s
use, operation, leasing and sale of the Property. Tenant shall deliver to Landlord prior to delivery to any governmental agency,
or promptly after receipt from any such agency, copies of all permits, manifests, closure or remedial action plans, notices, and
all other documents relating to the Handling by Tenant of Hazardous Materials at or about the Premises or Property. If any lien
attaches to the Premises or the Property in connection with or as a result of the Handling by Tenant of Hazardous Materials, and
Tenant does not cause the same to be released, by payment, bonding or otherwise, within ten (10) days after the attachment thereof,
Landlord shall have the right but not the obligation to cause the same to be released and any sums expended by Landlord (plus
Landlord’s administrative costs) in connection therewith shall be payable by Tenant on demand.

 

(d)       Landlord’s
Rights. Landlord shall have the right, but not the obligation, to enter the Premises at any reasonable time and except in
the case of the emergency, upon reasonable prior notice (i) to confirm Tenant’s compliance with the provisions of this Section
5.2, and (ii) to perform Tenant’s obligations under this Section if Tenant has failed to do so after reasonable notice to Tenant.
Landlord shall also have the right to engage qualified Hazardous Materials consultants to inspect the Premises and review the
Handling by Tenant of Hazardous Materials, including review of all permits, reports, plans, and other documents regarding same.
Tenant shall pay to Landlord on demand the costs of Landlord’s consultants’ fees and all costs incurred by Landlord in performing
Tenant’s obligations under this Section. Landlord shall use reasonable efforts to minimize any interference with Tenant’s business
caused by Landlord’s entry into the Premises, but Landlord shall not be responsible for any interference caused thereby.

 

(e)       Tenant’s
Indemnification. The term Landlord Parties (“Landlord Parties”) refers singularly and collectively to Landlord
and the shareholders, partners, venturers, and members of Landlord, and the respective officers, directors, employees, managers,
owners and any affiliates or agents of such entities and persons. Tenant agrees to indemnify, defend, protect and hold harmless
the Landlord Parties from all Environmental Losses and all other claims, actions, losses, damages, liabilities, costs and expenses
of every kind, including reasonable attorneys’, experts’ and consultants’ fees and costs, incurred at any time and arising from
or in connection with the Handling by Tenant of Hazardous Materials at or about the Property or Tenant’s failure to comply in
full with all Environmental Requirements with respect to the Premises.

 

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6.            TENANT
IMPROVEMENTS & ALTERATIONS.

 

6.1       Landlord
and Tenant shall perform their respective obligations with respect to design and construction of any improvements to be
constructed and installed in the Premises (the “Tenant Improvements”), as provided in the Construction Rider.
Except for any Tenant Improvements to be constructed by Tenant as provided in the Construction Rider, Tenant shall not make any
alterations, improvements or changes to the Premises, including installation of any security system or telephone or data communication
wiring, (“Alterations”), without Landlord’s prior written consent, which may be withheld in Landlord’s reasonable
discretion. Notwithstanding the foregoing, Tenant shall have the right, without the consent of, but with prior written notice
to, Landlord, to make Alterations to the Premises which (i) are not structural in nature, (ii) are not visible from the exterior
of the Building, (iii) do not affect or require modification of the Building Systems, (iv) do not affect the water tight character
of the Building or its roof, (v) do not move any interior walls or otherwise change the layout of the Premises, and (vi) cost
in the aggregate less than Fifty Thousand Dollars ($50,000.00) during any calendar year (“Cosmetic Changes”).
Landlord may, in its sole discretion, withhold consent to any alteration, addition or improvement that may affect the structure
of the Building or may adversely or materially affect, or otherwise require modification to, any Building System. Any such Alterations
shall be completed by Tenant at Tenant’s sole cost and expense: (i) with due diligence, in a good and workmanlike manner, using
new materials; (ii) in compliance with plans and specifications approved by Landlord; (iii) in compliance with the construction
rules and regulations promulgated by Landlord from time to time; (iv) in accordance with all applicable Laws (including all work,
whether structural or non-structural, inside or outside the Premises, required to comply fully with all applicable Laws and necessitated
by Tenant’s work); and (v) subject to all conditions which Landlord may in Landlord’s reasonable discretion impose. Such conditions
may include requirements for Tenant to: (i) with respect to Alterations costing $15,000.00 or more, provide payment or performance
bonds or additional insurance (from Tenant or Tenant’s contractors, subcontractors or design professionals); (ii) use contractors
or subcontractors designated by Landlord; and (iii) remove all or part of the Alterations prior to or upon expiration or termination
of the Term, as designated by Landlord. Notwithstanding anything to the contrary contained herein, so long as Tenant’s written
request for consent for a proposed Alteration contains the following statement in large, bold and capped font “PURSUANT
TO SECTION 6 OF THE LEASE, IF LANDLORD CONSENTS TO THE SUBJECT ALTERATION, LANDLORD SHALL NOTIFY TENANT IN WRITING WHETHER OR
NOT LANDLORD WILL REQUIRE SUCH ALTERATION TO BE REMOVED AT THE EXPIRATION OR EARLIER TERMINATION OF THE LEASE.”, at the
time Landlord gives its consent for any Alterations, if it so does, Tenant shall also be notified whether or not Landlord will
require that such Alterations be removed upon the expiration or earlier termination of this Lease. Notwithstanding anything to
the contrary contained in this Lease, at the expiration or earlier termination of this Lease and otherwise in accordance with
Paragraph 19.1 hereof, Tenant shall be required to remove all Alterations made to the Premises except for any such Alterations
which Landlord expressly indicates or is deemed to have indicated shall not be required to be removed from the Premises by Tenant.
If Tenant’s written notice strictly complies with the foregoing and if Landlord fails to notify Tenant within twenty (20) days
of Landlord’s receipt of such notice whether Tenant shall be required to remove the subject alterations or improvements at the
expiration or earlier termination of this Lease, it shall be assumed that Landlord shall require the removal of the subject Alterations.
If any work outside the Premises, or any work on or adjustment to any of the Building Systems, is required in connection with
or as a result of Tenant’s work, such work shall be performed at Tenant’s expense by contractors designated by Landlord. Landlord’s
right to review and approve (or withhold approval of) Tenant’s plans, drawings, specifications, contractor(s) and other aspects
of construction work proposed by Tenant is intended solely to protect Landlord, the Property and Landlord’s interests. No approval
or consent by Landlord shall be deemed or construed to be a representation or warranty by Landlord as to the adequacy, sufficiency,
fitness or suitability thereof or compliance thereof with applicable Laws or other requirements. Except as otherwise provided
in Landlord’s consent, all Alterations shall upon installation become part of the realty and be the property of Landlord. Notwithstanding
anything to the contrary contained in this Section 6, Tenant shall not be required to remove any portion of the Tenant Improvements
described on the Work List as of the date of this Lease (as such terms are defined in the Construction Rider).

 

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6.2       Before
making any Alterations, Tenant shall submit to Landlord for Landlord’s prior approval reasonably detailed final plans
and specifications prepared by a licensed architect or engineer, a copy of the construction contract, including the name of
the contractor and all subcontractors proposed by Tenant to make the Alterations and a copy of the contractor’s license.
Tenant shall reimburse Landlord upon demand for any expenses incurred by Landlord (not to exceed $2,500.00) in connection
with any Alterations made by Tenant, including reasonable fees charged by Landlord’s contractors or consultants to review
plans and specifications prepared by Tenant and to update the existing as-built plans and specifications of the Building to
reflect the Alterations. Before commencement of any Alterations Tenant shall (i) obtain all applicable permits,
authorizations and governmental approvals and deliver copies of the same to Landlord, and (ii) give Landlord at least ten
(10) days prior written notice and shall cooperate with Landlord in posting and maintaining notices of non-responsibility in
connection with the Alterations. Within thirty (30) days following the completion of any Alterations Tenant shall deliver to
Landlord “as built” plans showing the completed Alterations. The “as built” plans shall be “hard
copy” on paper and in digital form (if done on CAD), and show the Alterations in reasonable detail, including (a) the
location of walls, partitions and doors, including fire exits and ADA paths of travel, (b) electrical, plumbing and life
safety fixtures, and (c) a reflected ceiling plan showing the location of heating, ventilating and air conditioning
registers, lighting and life safety systems.

 

6.3       In
connection with all Alterations (other than the Tenant Improvements), Landlord shall be entitled to a construction coordination
fee equal to four percent (4%) of the first one hundred thousand dollars ($100,000) of construction costs, three percent (3%)
of the next four hundred thousand dollars ($400,000) of construction costs, two percent (2%) of the next five hundred thousand
dollars ($500,000) of construction costs, and one percent (1%) of any additional construction costs.

 

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6.4      Tenant
shall keep the Premises and the Property free and clear of all liens arising out of any work performed, materials furnished
or obligations incurred by Tenant. If any such lien attaches to the Premises or the Property, and Tenant does not cause the same
to be released by payment, bonding or otherwise within ten (10) days after the attachment thereof, Landlord shall have the right
but not the obligation to cause the same to be released, and any sums expended by Landlord (plus Landlord’s administrative costs)
in connection therewith shall be payable by Tenant on demand with interest thereon from the date of expenditure by Landlord at
the Interest Rate (as defined in Section 16.2 - Interest).

 

6.5       Subject
to the provisions of Section 5 - Use and Compliance with Laws and the other provisions of this Section 6, Tenant
may install and maintain furnishings, equipment, movable partitions, business equipment and other trade fixtures (“Trade
Fixtures”) in the Premises, provided that the Trade Fixtures do not become an integral part of the Premises or the Building.
Tenant shall promptly repair any damage to the Premises or the Building caused by any installation or removal of such Trade Fixtures.

  

7.            MAINTENANCE
AND REPAIRS.

 

7.1       By
taking possession of the Premises Tenant agrees that the Premises are then in a good and tenantable condition. Subject
to the terms of Section 1 above, Tenant at Tenant’s expense but under the direction of Landlord, shall repair and maintain
the Premises, including the interior walls, floor coverings, ceiling (ceiling tiles and grid), Tenant Improvements,
Alterations, fire extinguishers, the portion of Building Systems exclusively serving the Premises (e.g., electrical outlets
and fixtures, dedicated HVAC equipment, distribution systems and registers) and any appliances (including dishwashers, hot
water heaters and garbage disposers) in the Premises, in good working condition (but in no event in a condition worse than
the condition existing as of the date on which Landlord delivered possession of the Premises to Tenant), and keep the
Premises in a clean, safe and orderly condition.

 

7.2       Landlord
shall maintain or cause to be maintained in reasonably good order, condition and repair, the structural portions of
the roof, foundations, floors and exterior walls of the Building, the portion of the Building Systems not covered by Tenant’s
obligations in Section 7.1, and the public and common areas of the Property, such as elevators, stairs, corridors and
restrooms; provided, however, that Tenant shall pay the cost of repairs for any damage occasioned by Tenant’s use of the
Premises or the Property or any act or omission of Tenant or Tenant’s Representatives or Visitors, to the extent not covered
by the proceeds of Landlord’s property insurance. Landlord shall be under no obligation to inspect the Premises. Tenant shall
promptly report in writing to Landlord any defective condition known to Tenant which Landlord is required to repair. As a
material part of the consideration for this Lease, Tenant hereby waives any benefits of any applicable existing or future
Law, including the provisions of California Civil Code Sections 1932(1), 1941 and 1942, that allows a tenant to make repairs
at its landlord’s expense.

 

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7.3       Landlord
hereby reserves the right, at any time and from time to time, without liability to Tenant, and without constituting an
eviction, constructive or otherwise, or entitling Tenant to any abatement of rent or to terminate this Lease or otherwise
releasing Tenant from any of Tenant’s obligations under this Lease:

 

(a)       To
make alterations, additions, repairs, improvements to or in or to decrease the size of area of, all or any part of the Building,
the fixtures and equipment therein, and the Building Systems;

 

(b)       To
change the Building’s name or street address;

 

(c)       To
install and maintain any and all signs on the exterior and interior of the Building;

 

(d)       To
reduce, increase, enclose or otherwise change at any time and from time to time the size, number, location, lay-out and nature
of the Common Areas (including the Parking Facility) and other tenancies and premises in the Property and to create additional
rentable areas through use or enclosure of common areas; and

 

(e)       If
any governmental authority promulgates or revises any Law or imposes mandatory or voluntary controls or guidelines on Landlord
or the Property relating to the use or conservation of energy or utilities or the reduction of automobile or other emissions or
reduction or management of traffic or parking on the Property (collectively “Controls”), to comply with such
Controls, whether mandatory or voluntary, or make any alterations to the Property related thereto.

 

(f)       In
exercising its rights under this Section 7.3, Landlord agrees to use commercially reasonable efforts to minimize any interruption
to or disruption of Tenant’s use of the Premises.

 

8.            TENANT’S
TAXES. “Tenant’s Taxes” shall mean (a) all taxes, assessments, license fees and other governmental charges
or impositions levied or assessed against or with respect to Tenant’s personal property or Trade Fixtures in the Premises, whether
any such imposition is levied directly against Tenant or levied against Landlord or the Property, (b) all rental, excise, sales
or transaction privilege taxes arising out of this Lease (excluding, however, state and federal personal or corporate income taxes
measured by the income of Landlord from all sources) imposed by any taxing authority upon Landlord or upon Landlord’s receipt
of any rent payable by Tenant pursuant to the terms of this Lease (“Rental Tax”), and (c) any increase in Taxes
attributable to inclusion of a value placed on Tenant’s personal property, Trade Fixtures or Alterations. Tenant shall pay any
Rental Tax to Landlord in addition to and at the same time as Base Rent is payable under this Lease, and shall pay all other Tenant’s
Taxes before delinquency (and, at Landlord’s request, shall furnish Landlord satisfactory evidence thereof). If Landlord pays
Tenant’s Taxes or any portion thereof, Tenant shall reimburse Landlord upon demand for the amount of such payment, together with
interest at the Interest Rate from the date of Landlord’s payment to the date of Tenant’s reimbursement.

 

9.            UTILITIES
AND SERVICES.

 

9.1       Description
of Services. Description of Services. The Business Hours are specified in the Basic Lease Information (“Business
Hours”). The business days are weekdays except public holidays (“Business Days”). During the Term
Landlord shall furnish to the Premises for ordinary office use and occupancy: janitorial services on Business Days; and reasonable
amounts of electricity for building standard lighting and use of office equipment requiring only 120 volt standard outlet power.
Landlord shall furnish reasonable amounts of heat, ventilation and air-conditioning for the Premises during Business Hours. Landlord
shall also provide the Building with normal fluorescent tube replacement for building standard fixtures, washing of perimeter
windows, elevator service, and common area toilet room cleaning and supplies.

 

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9.2       Payment
for Additional Utilities and Services.

 

(a)       Upon
request by Tenant in accordance with the procedures established by Landlord from time to time for furnishing heating, ventilation
and air conditioning service at times other than Business Hours on Business Days, Landlord shall furnish such service to Tenant
and Tenant shall pay for such services on an hourly basis at the then prevailing rate established for the Building by Landlord.
As of the date of this Lease, the prevailing rate for furnishing HVAC Service at times other than Business Hours on Business Days
is $55.00 per hour per suite which may be changed from time to time in Landlord’s sole discretion.

 

(b)       If
the temperature otherwise maintained in any portion of the Premises by the HVAC systems of the Building is affected as a result
of (i) any lights, machines or equipment used by Tenant in the Premises, or (ii) the occupancy of the Premises by more than one
person per 180 square feet of rentable area, then Landlord shall have the right to install any machinery or equipment reasonably
necessary to restore the temperature, including modifications to the standard air-conditioning equipment. The cost of any such
equipment and modifications, including the cost of installation and any additional cost of operation and maintenance of the same,
shall be paid by Tenant to Landlord upon demand.

 

(c)       If
Tenant’s usage of electricity, water or any other utility service exceeds the use of such utility Landlord reasonably determines
to be typical, normal and customary for the Building, Landlord may determine the amount of such excess use by any reasonable means
(including the installation at Landlord’s request but at Tenant’s expense of a separate meter or other measuring device) and charge
Tenant for the cost of such excess usage. Examples of excess electrical usage include, but are not limited to, material consumption
of electricity outside Building Hours, or consumption of extraordinary amounts of electricity at any time, such as for the operation
of above standard server(s) for an office tenant occupying comparable space, for dedicated HVAC equipment for the Premises, or
for other equipment requiring power in excess of standard 120 volt outlet power; provided, that Tenant shall be permitted to operate
small normal and customary servers that require normal electrical consumption, as reasonably determined by Landlord, and that
are otherwise in compliance with the terms and conditions of this Lease. In addition, Landlord may impose a reasonable charge
for the use of any additional or unusual janitorial services required by Tenant because of any unusual Tenant Improvements or
Alterations, the carelessness of Tenant or the nature of Tenant’s business (including hours of operation).

 

    		17 	Bayshore Standard Lease Form

     

    

 

9.3       Interruption
of Services. In the event of an interruption in, or failure or inability to provide any of the services or utilities
described in Section 9.1 - “Description of Services” (a “Service Failure”), such Service Failure
shall not, regardless of its duration, constitute an eviction of Tenant, constructive or otherwise, or impose upon Landlord any
liability whatsoever, including, but not limited to, liability for consequential damages or loss of business by Tenant or, except
as provided below in this Section 9.3, entitle Tenant to an abatement of rent or to terminate this Lease.

 

(a)       If any Service Failure not caused by Tenant or its Representatives prevents Tenant from reasonably using a material
portion of the Premises and Tenant in fact ceases to use such portion of the Premises, Tenant shall be entitled to an abatement
of Base Rent and Additional Rent with respect to the portion of the Premises that Tenant is prevented from using by reason of
such Service Failure in the following circumstances: (i) if Landlord fails to commence reasonable efforts to remedy the Service
Failure within five (5) Business Days following the occurrence of the Service Failure, and such failure has persisted and continuously
prevented Tenant from using a material portion of the Premises during that period, the abatement of rent shall commence on the
sixth (6th) Business Day following the Service Failure and continue until Tenant is no longer so prevented from using such portion
of the Premises; and (ii) if the Service Failure in all events is not remedied within thirty (30) days following the occurrence
of the Service Failure and Tenant in fact does not use such portion of the Premises for an uninterrupted period of thirty (30)
days or more by reason of such Service Failure, the abatement of rent shall commence no later than the thirty-first (31st) day
following the occurrence of the Service Failure and continue until Tenant is no longer so prevented from using such portion of
the Premises.

 

(b)       If
a Service Failure is caused by Tenant or its Representatives, Landlord shall nonetheless remedy the Service Failure, at the expense
of Tenant, pursuant to Landlord’s maintenance and repair obligations under Section 7 - “Maintenance and Repair” or Section
12.1 “Landlord’s Duty to Repair,” as the case may be, but Tenant shall not be entitled to an abatement of rent or to
terminate this Lease as a result of any such Service Failure.

 

(c)       Notwithstanding
Tenant’s entitlement to rent abatement under the preceding provisions, Tenant shall continue to pay Tenant’s then current rent
until such time as Landlord and Tenant agree on the amount of the rent abatement. If Landlord and Tenant are unable to agree on
the amount of such abatement within ten (10) Business Days of the date they commence negotiations regarding the abatement, then
either party may submit the matter to binding arbitration pursuant to Sections 1280 et seq.
of the California Code of Civil Procedure.

 

(d)       If
any Service Failure is caused by fire or other casualty then the provisions of Section 12 – “Damage or Destruction”
shall control.

 

(e)       Where
the cause of a Service Failure is within the control of a public utility or other public or quasi-public entity outside Landlord’s
control, notification to such utility or entity of the Service Failure and request to remedy the failure shall constitute “reasonable
efforts” by Landlord to remedy the Service Failure.

 

(f)       Tenant
hereby waives the provisions of California Civil Code Section 1932(1) or any other applicable existing or future law, ordinance
or governmental regulation permitting the termination of this Lease due to such interruption, failure or inability.

 

9.4       Sole
Electrical Representative. Landlord shall maintain exclusive control over and be the sole representative with
respect to reception, utilization and distribution of electric power, regardless of point or means of origin, use or
generation. Tenant shall not have the right to contract directly with any provider of electrical power or services.

 

    		18 	Bayshore Standard Lease Form

     

    

 

9.5      Telecommunications.
Tenant shall have the right to contract directly with telecommunications and media service providers (each a “Telecommunications
Provider”) of Tenant’s choice, subject to the provisions of this Section 9.5 and other provisions of this Lease. Upon
request from Tenant Landlord agrees to deliver to Tenant a list of Telecommunication Providers then serving the Building. If Tenant
desires to (a) obtain service from or enter into a contract with any Telecommunication Provider which at the time of Tenant’s
request does not serve the Building, or (b) obtain services which will require installation of new equipment by a Telecommunication
Provider then serving the Building, then prior to providing service, any such Telecommunication Provider must enter into a written
agreement with Landlord, acceptable to Landlord in Landlord’s sole discretion, setting forth the terms and conditions of the access
to be granted to any such Telecommunication Provider. Landlord shall not be obligated to incur any expense, liability or costs
in connection with any Telecommunication Provider proposed by Tenant. All installations made by Telecommunication Providers shall
be subject to Landlord’s prior written approval and shall be made in accordance with the provisions of Section 6 of this Lease.

 

9.6       Direct
Billing. If Tenant is billed directly by a public utility with respect to Tenant’s electrical usage at the
Premises, then, upon request, Tenant shall provide monthly electrical utility usage for the Premises to Landlord for the
period of time requested by Landlord (in electronic or paper format) or, at Landlord’s option, provide any written
authorization or other documentation required for Landlord to request information regarding Tenant’s electricity usage with
respect to the Premises directly from the applicable utility company.

 

10.          EXCULPATION
AND INDEMNIFICATION.

 

10.1    
Landlord’s Indemnification of Tenant. Landlord shall indemnify, protect, defend and hold Tenant harmless from and against
any claims, actions, liabilities, damages, costs or expenses, including reasonable consultants’, expert witnesses’ and attorneys’
fees and costs incurred in defending against the same (“Claims”) asserted by any third party against Tenant
for loss, injury or damage, to the extent such loss, injury or damage is caused by the willful misconduct or gross negligent acts
or omissions of Landlord or its authorized representatives.

 

10.2
    Tenant’s Indemnification of Landlord. Tenant shall indemnify, protect, defend and hold the Landlord
Parties harmless from and against Claims arising from (a) the acts or omissions of Tenant or Tenant’s Representatives or Tenant’s
Visitors in or about the Property, or (b) any construction or other work or maintenance undertaken by Tenant on the Premises or
elsewhere in the Property (including any design defects), or (c) any breach or default under this Lease by Tenant, or (d) any
loss, injury or damage, howsoever and by whomsoever caused, to any person or property arising out of or relating to Tenant’s occupancy
or operation, and occurring in or about the Premises or the elsewhere in the Property, excepting only Claims described in this
clause (d) to the extent they are caused by the willful misconduct or gross negligent acts or omissions of Landlord or its authorized
representatives.

 

10.3     Damage
to Tenant and Tenant’s Property. The Landlord Parties shall not be liable to Tenant for any loss, injury or other damage
to Tenant or to Tenant’s property in or about the Premises or the Property from any cause (including defects in the
Property or in any equipment in the Property; fire, explosion or other casualty; bursting, rupture, leakage or overflow of
any plumbing or other pipes or lines, sprinklers, tanks, drains, drinking fountains or washstands in, above, or about the
Premises or the Property; or acts of other tenants in the Property), unless caused by the gross negligence or willful
misconduct of Landlord or its authorized representative or agents. Except as otherwise provided in this Section 10, Tenant
hereby waives all claims against Landlord Parties for any such loss, injury or damage and the cost and expense of defending
against claims relating thereto, including any loss, injury or damage caused by Landlord’s negligence (active or passive) or
willful misconduct. Notwithstanding any other provision of this Lease to the contrary, in no event shall Landlord be liable
to Tenant for any punitive or consequential damages or damages for loss of business by Tenant.

 

    		19 	Bayshore Standard Lease Form

     

    

 

10.4    
Survival. The obligations of the parties under this Section 10 shall survive the expiration or termination of this Lease.

 

11.
         INSURANCE.

 

11.1     Tenant’s
Insurance.

 

(a)       Liability
Insurance. Tenant shall at all times throughout the Term (and any

 

time
prior to the Tenn during which Tenant is granted access to the Premises) maintain in full force, commercial general liability
insurance providing coverage on an occurrence form basis with limits of not less than Two Million Dollars ($2,000,000.00) each
occurrence for bodily injury and property damage combined, Two Million Dollars ($2,000,000.00) annual general aggregate, and Two
Million Dollars ($2,000,000.00) products and completed operations annual aggregate. Tenant’s liability insurance policy or policies
shall: (i) include premises and operations liability coverage, products and completed operations liability coverage, broad form
property damage coverage including completed operations, blanket contractual liability coverage including, to the maximum extent
possible, coverage for the indemnification obligations of Tenant under this Lease, and personal and advertising injury coverage;
(ii) provide that the insurance company has the duty to defend all named and additional insureds under the policy; (iii) provide
that defense costs are paid in addition to and do not deplete any of the policy limits; (iv) cover liabilities arising out of
or incurred in connection with Tenant’s use or occupancy of the Premises or the Property; (v) extend coverage to cover liability
for the actions of Tenant’s Representatives and Visitors; and (vi) either designate separate limits for the Property acceptable
to Landlord, or provide that the entire insured limits are available for occurrences relating to the Property. Each policy of
liability insurance required by this Section shall: (i) contain a separation of insureds clause or otherwise provide cross-liability
coverage; (ii) provide that any waiver of subrogation rights or release prior to a loss does not void coverage; (iii) provide
that it is primary insurance; (iv) name as additional insureds the Landlord Parties, the Property Manager identified in the Basic
Lease Information (the “Property Manager”), all Mortgagees (as defined in Section 20.2 of this Lease) and such
other parties in interest as Landlord may reasonably designate to Tenant in writing; and (v) provide that any failure to comply
with the reporting provisions under the policies shall not affect coverage provided such additional insureds. Such additional
insureds shall be provided at least the same extent of coverage as is provided to Tenant under such policies. All endorsements
effecting such additional insured status shall be at least as broad as additional insured endorsement form number CG 20 11 01
96 promulgated by the Insurance Services Office.

 

    		20 	Bayshore Standard Lease Form

     

    

 

(b)       Property Insurance. Tenant shall at all times (including any construction or installation periods, whether
or not included in the Term) maintain in effect with respect to any Alterations and Tenant’s Trade Fixtures and personal property,
commercial property insurance providing coverage, on an “all risk” or “special form” basis, in an amount equal
to at least 90% of the full replacement cost of the covered property. Tenant may carry such insurance under a blanket policy,
provided that such policy provides coverage equivalent to a separate policy. During the Term, the proceeds from any such policies
of insurance shall be used for the repair or replacement of the Alterations, Trade Fixtures and personal property so insured.
The Landlord Parties shall be provided coverage under such insurance to the extent of their insurable interest and, if requested
by Landlord, both Landlord and Tenant shall sign all documents reasonably necessary or proper in connection with the settlement
of any claim or loss under such insurance. Landlord will have no obligation to carry insurance on any Alterations or on Tenant’s
Trade Fixtures or personal property.

 

(c)       Requirements
For All Policies. Each policy of insurance required under this Section 11.1 shall: (i) be in a form, and written by an insurer,
reasonably acceptable to Landlord, (ii) be maintained at Tenant’s sole cost and expense, and (iii) require at least ten (10) days’
written notice to Landlord prior to any cancellation, nonrenewal or modification of insurance coverage. Insurance companies issuing
such policies shall have rating classifications of “A” or better and financial size category ratings of “VIII”
or better according to the latest edition of the A.M. Best Key Rating Guide. All insurance companies issuing such policies shall
be admitted carriers licensed to do business in the state where the Property is located. Any deductible amount under such insurance
shall not exceed $20,000. Tenant shall provide to Landlord, upon request, evidence that the insurance required to be carried by
Tenant pursuant to this Section, including any endorsement effecting the additional insured status, is in full force and effect
and that premiums therefor have been paid.

 

(d)       Updating
Coverage. Tenant shall increase the amounts of insurance as required by any Mortgagee, and, not more frequently than once
every three (3) years, as recommended by Landlord’s insurance broker, if, in the opinion of either of them, the amount of insurance
then required under this Lease is not adequate; provided, however, that except to the extent required by any Mortgagee, the levels
and types of insurance so requested by Landlord are commensurate with the levels and types of coverage then being required by
landlords of comparable buildings in the vicinity of the Building. Any limits set forth in this Lease on the amount or type of
coverage required by Tenant’s insurance shall not limit the liability of Tenant under this Lease.

 

(e)       Certificates
of Insurance. Prior to any entry into or occupancy of the Premises by Tenant, and not less than ten (10) days prior to expiration
of any policy thereafter, Tenant shall furnish to Landlord a certificate of insurance reflecting that the insurance required by
this Section is in force, accompanied by an endorsement showing the required additional insureds satisfactory to Landlord in substance
and form.

 

11.2      Landlord’s
Insurance. During the Term, to the extent such coverages are available at a commercially reasonable cost, Landlord shall
maintain in effect insurance on the Building with responsible insurers, on an “all risk” or “special
form” basis, insuring the Building and the Tenant Improvements in an amount equal to at least 90% of the replacement
cost thereof, excluding land, foundations, footings and underground installations. Landlord may, but shall not be obligated
to, carry insurance against additional perils and/or in greater amounts.

 

    		21 	Bayshore Standard Lease Form

     

    

 

11.3      
Mutual Waiver of Right of Recovery & Waiver of Subrogation. Landlord and Tenant each hereby waive any right of recovery
against each other and their respective partners, managers, members, shareholders, officers, directors and authorized representatives
for any loss or damage that is covered by any policy of property insurance maintained by either party (or required by this Lease
to be maintained) with respect to the Premises or the Property or any operation therein, regardless of cause, including negligence
(active or passive) of the party benefiting from the waiver. If any such policy of insurance relating to this Lease or to the
Premises or the Property does not permit the foregoing waiver or if the coverage under any such policy would be invalidated as
a result of such waiver, the party maintaining such policy shall obtain from the insurer under such policy a waiver of all right
of recovery by way of subrogation against either party in connection with any claim, loss or damage covered by such policy.

 

12.          DAMAGE
OR DESTRUCTION.

 

12.1      
Landlord’s Duty to Repair.

 

(a)       If
all or a substantial part of the Premises are rendered untenantable or inaccessible by damage to all or any part of the Property
from fire or other casualty during the Term, then, unless either party is entitled to and elects to terminate this Lease pursuant
to Sections 12.2 - Landlord’s Right to Terminate and 12.3 - Tenant’s Right to Terminate, Landlord shall, at its
expense, use reasonable efforts to repair and restore the Premises and/or the Property, as the case may be, to substantially their
former condition to the extent permitted by then applicable Laws; provided, however, that in no event shall Landlord have any
obligation for repair or restoration beyond the extent of insurance proceeds received by Landlord for such repair or restoration,
or for any of Tenant’s personal property, Trade Fixtures or Alterations.

 

(b)       If
Landlord is required or elects to repair damage to the Premises and/or the Property, this Lease shall continue in effect, but
Tenant’s Base Rent and Additional Rent shall be abated with regard to any portion of the Premises that Tenant is prevented from
using by reason of such damage or its repair from the date of the casualty until substantial completion of Landlord’s repair of
the affected portion of the Premises as required under this Lease. In no event shall Landlord be liable to Tenant by reason of
any injury to or interference with Tenant’s business or property arising from fire or other casualty or by reason of any repairs
to any part of the Property necessitated by such casualty.

 

12.2      
Landlord’s Right to Terminate. Landlord may elect to terminate this Lease following damage by fire or other casualty under
the following circumstances:

 

(a)       If,
in the reasonable judgment of Landlord, the Premises and the Property cannot be substantially repaired and restored under applicable
Laws within nine (9) months from the date of the casualty;

 

(b)       If,
in the reasonable judgment of Landlord, adequate proceeds are not, for any reason, made available to Landlord from
Landlord’s insurance policies (and/or from Landlord’s funds made available for such purpose, at Landlord’s sole option) to
make the required repairs;

 

    		22 	Bayshore Standard Lease Form

     

    

 

(c)       If
the Building is damaged or destroyed to the extent that, in the reasonable judgment of Landlord, the cost to repair and restore
the Building would exceed fifteen percent (15%) of the full replacement cost of the Building, whether or not the Premises are
at all damaged or destroyed; or

 

(d)       If
the fire or other casualty occurs during the last year of the Term or if upon completion of repair and restoration, there would
be less than one (1) year remaining in the Term.

 

If
any of the circumstances described in subparagraphs (a), (b), (c) or (d) of this Section 12.2 occur or arise, Landlord shall give
Tenant notice within ninety (90) days after the date of the casualty, specifying whether Landlord elects to terminate this Lease
as provided above and, if not, Landlord’s estimate of the time required to complete Landlord’s repair obligations under this Lease.

 

12.3     
Tenant’s Right to Terminate. If all or a substantial part of the Premises are rendered untenantable or inaccessible by
damage to all or any part of the Property from fire or other casualty, and Landlord does not elect to terminate as provided above,
then Tenant may elect to terminate this Lease if Landlord’s estimate of the time required to complete Landlord’s repair obligations
under this Lease is greater than nine (9) months, in which event Tenant may elect to terminate this Lease by giving Landlord notice
of such election to terminate within thirty (30) days after Landlord’s notice to Tenant pursuant to Section 12.2 - Landlord’s
Right to Terminate. In addition to Landlord’s and Tenant’s right to terminate as provided herein, Tenant shall have the right
to terminate this Lease if: (i) a material portion of the Premises is rendered untenantable by fire or other casualty and such
damage cannot reasonably be repaired (as determined by Landlord) within ninety (90) days after Landlord’s receipt of all required
permits to restore the Premises; (ii) there is less than one (1) year of the Term remaining on the date of such casualty; (iii)
the casualty was not caused by the negligence or willful misconduct of Tenant or any of Tenant’s Representatives or Visitors;
and (iv) Tenant provides Landlord with written notice of its intent to terminate within thirty (30) days after the date Tenant
is notified that the damage cannot be repaired within such sixty (60) day period.

 

12.4     
Waiver. Landlord and Tenant each hereby waive the provisions of California Civil Code Sections 1932(2), 1933(4) and any
other applicable existing or future Law permitting the termination of a lease agreement in the event of damage or destruction
under any circumstances other than as provided in Sections 12.2 - Landlord’s Right to Terminate and 12.3 - Tenant’s
Right to Terminate.

 

13.         
CONDEMNATION.

 

13.1       Definitions.

 

(a)       “Award”
shall mean all compensation, sums, or anything of value awarded, paid or received on a total or partial Condemnation.

 

    		23 	Bayshore Standard Lease Form

     

    

 

(b)       “Condemnation”
shall mean (i) a permanent taking (or a temporary taking for a period extending beyond the end of the Term) pursuant to the
exercise of the power of condemnation or eminent domain by any public or quasi-public authority, private corporation or individual
having such power (“Condemnor”), whether by legal proceedings or otherwise, or (ii) a voluntary sale or transfer
by Landlord to any such authority, either under threat of condemnation or while legal proceedings for condemnation are pending.

 

(c)       “Date
of Condemnation” shall mean the earlier of the date that title to the property taken is vested in the Condemnor or the
date the Condemnor has the right to possession of the property being condemned.

 

13.2      
Effect on Lease.

 

(a)       If
the Premises are totally taken by Condemnation, this Lease shall terminate as of the Date of Condemnation. If a portion but not
all of the Premises is taken by Condemnation, this Lease shall remain in effect; provided, however, that if the portion of the
Premises remaining after the Condemnation will be unsuitable for Tenant’s continued use, then upon notice to Landlord within thirty
(30) days after Landlord notifies Tenant of the Condemnation, Tenant may terminate this Lease effective as of the Date of Condemnation.

 

(b)       If
fifteen percent (15%) or more of the Property or of the parcel(s) of land on which the Building is situated or of the Parking
Facility or of the floor area in the Building is taken by Condemnation, or if as a result of any Condemnation the Building is
no longer reasonably suitable for use as an office building, whether or not any portion of the Premises is taken, Landlord may
elect to terminate this Lease, effective as of the Date of Condemnation, by notice to Tenant within thirty (30) days after the
Date of Condemnation.

 

(c)       If
all or a portion of the Premises is temporarily taken by a Condemnor for a period not extending beyond the end of the Term, this
Lease shall remain in full force and effect.

 

13.3     
Restoration. If this Lease is not terminated as provided in Section 13.2 - Effect on Lease, Landlord, at its expense,
shall diligently proceed to repair and restore the Premises to substantially its former condition (to the extent permitted by
then applicable Laws) and/or repair and restore the Building to an architecturally complete office building; provided, however,
that Landlord’s obligations to so repair and restore shall be limited to the amount of any Award received by Landlord and not
required to be paid to any Mortgagee (as defined in Section 20.2 below). In no event shall Landlord have any obligation to repair
or replace any improvements in the Premises beyond the amount of any Award received by Landlord for such repair or to repair or
replace any of Tenant’s personal property, Trade Fixtures, or Alterations.

 

13.4      Abatement
and Reduction of Rent. If any portion of the Premises is taken in a Condemnation or is rendered permanently
untenantable by repairs necessitated by the Condemnation, and this Lease is not terminated, the Base Rent and Additional Rent
payable under this Lease shall be proportionally reduced as of the Date of Condemnation based upon the percentage of rentable
square feet in the Premises so taken or rendered permanently untenantable. In addition, if this Lease remains in effect
following a Condemnation and Landlord proceeds to repair and restore the Premises, the Base Rent and Additional Rent payable
under this Lease shall be abated during the period of such repair or restoration to the extent such repairs prevent Tenant’s
use of the Premises.

 

    		24 	Bayshore Standard Lease Form

     

    

 

13.5      
Awards. Any Award made shall be paid to Landlord, and Tenant hereby assigns to Landlord, and waives all interest in or
claim to, any such Award, including any claim for the value of the unexpired Term; provided, however, that Tenant shall be entitled
to receive, or to prosecute a separate claim for, an Award for a temporary taking of the Premises or a portion thereof by a Condemnor
where this Lease is not terminated (to the extent such Award relates to the unexpired Term), or an Award or portion thereof separately
designated for relocation expenses or the interruption of or damage to Tenant’s business or as compensation for Tenant’s personal
property, Trade Fixtures or Alterations, provided that in no event will any Award to Tenant reduce any Award to which Landlord
would otherwise be entitled.

 

13.6      
Waiver. Landlord and Tenant each hereby waive the provisions of California Code of Civil Procedure Section 1265.130 and
any other applicable existing or future Law allowing either party to petition for a termination of this Lease upon a partial taking
of the Premises and/or the Property.

 

14.       ASSIGNMENT
AND SUBLETTING.

 

14.1      
Landlord’s Consent Required. Tenant shall not assign this Lease or any interest therein, or sublet or license or permit
the use or occupancy of the Premises or any part thereof by or for the benefit of anyone other than Tenant, or in any other manner
transfer all or any part of Tenant’s interest under this Lease (each and all a “Transfer”), without the prior
written consent of Landlord, which consent (subject to the other provisions of this Section 14) shall not be unreasonably withheld.
Subject to the terms of Section 14.9 below, if Tenant is a business entity, any direct or indirect transfer of fifty percent (50%)
or more of the ownership interest of the entity (whether in a single transaction or in the aggregate through more than one transaction),
including a merger or consolidation, shall be deemed a Transfer. Notwithstanding any provision in this Lease to the contrary,
Tenant shall not mortgage, pledge, hypothecate or otherwise encumber this Lease or all or any part of Tenant’s interest under
this Lease. Any assignee, subtenant, user or other transferee under any proposed Transfer is herein called a “Proposed
Transferee”. Any assignee, subtenant, user or other transferee is herein called a “Transferee”.

 

14.2      
Reasonable Consent.

 

(a)       At
least forty-five (45) days prior to any proposed Transfer, Tenant shall submit in writing to Landlord (i) the name and
legal composition of the Proposed Transferee; (ii) the nature of the business proposed to be carried on in the Premises;
(iii) a current balance sheet, and income and cash flow statements for the last two years and such other reasonable financial
and other information concerning the Proposed Transferee as Landlord may request; and (iv) a copy of the proposed assignment,
sublease or other agreement governing the proposed Transfer in final form. Within fifteen (15) Business Days after Landlord
shall have received all such information it shall notify Tenant whether it approves or disapproves such Transfer or if it
elects to proceed under Section 14.7 - Landlord’s Right to Space.

 

    		25 	Bayshore Standard Lease Form

     

    

 

(b)      Tenant
acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a
proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend
itself to occupy the entire portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed
Transferee’s business operating ability or history, reputation or creditworthiness or the character of the business to be
conducted by the Proposed Transferee at the Premises, (iii) the Proposed Transferee is a governmental agency or unit or an
existing tenant or an affiliate of an existing tenant (other than Tenant) in the Building, (iv) the proposed Transfer would
violate any “exclusive” rights of any tenants in the Building, (v) Landlord or Landlord’s agent has shown space in
the Building to the Proposed Transferee or responded to any inquiries from the Proposed Transferee or the Proposed
Transferee’s agent concerning availability of space in the Building, at any time within the preceding nine months, (vi) a
proposed Transfer would violate any Encumbrance, (vii) any Mortgagee objects to the proposed Transfer, or (viii) the proposed
agreement governing the Transfer purports to expand the Tenant’s rights under the Lease, or modify or constrain any of
Landlord’s rights under the Lease, or (ix) Landlord otherwise determines that the proposed Transfer would have the effect of
decreasing the value of the Property or increasing the expenses associated with operating, maintaining and repairing the
Property. In no event may Tenant publicly offer or advertise all or any portion of the Premises for assignment or sublease at
a rental less than seventy-five percent (75%) of that then sought by Landlord for a direct lease (non-sublease) of comparable
space in the Building; provided, however, that the foregoing shall not be deemed to be a minimum requirement on the actual
sublease rental rate Tenant may charge an approved or permitted subtenant in any applicable sublease.

 

14.3      
Excess Consideration. If Landlord consents to a Transfer, Tenant shall pay to Landlord, as Additional Rent, within ten
(10) days after receipt by Tenant, fifty percent (50%) of all “Transfer Consideration”, which shall mean any
consideration paid or payable by the Transferee for the Transfer. In the case of a sublease, Transfer Consideration includes any
“key money” or other non-rent consideration payable in connection with the sublease, plus the excess of the rent payable
by the subtenant over the amount of Base Rent and Additional Rent payable hereunder applicable to the subleased space, less the
direct, out-of-pocket expenses and costs for necessary Alterations, reasonable attorneys’ fees and brokerage commission costs
paid by Tenant to procure the subtenant. Any such costs for Alterations, reasonable attorneys’ fees and brokerage commissions
shall be amortized on a straight basis over the term of the sublease. In the case of an assignment (including any Transfer resulting
from a change in ownership, merger or consolidation), Transfer Consideration includes the value of the Lease (whether or not expressly
allocated or otherwise provided for in such transaction) and any other consideration paid or payable by the Transferee for the
assignment of the Lease, less the direct, out-of-pocket expenses and costs for reasonably necessary Alterations made for the subject
transfer, reasonable attorneys’ fees, and reasonable brokerage commissions paid by Tenant to procure the assignment.

 

14.4       No
Release Of Tenant. No consent by Landlord to any Transfer shall relieve Tenant of any obligation to be performed
by Tenant under this Lease, whether occurring before or after such consent, assignment, subletting or other Transfer. Each
Transferee shall be jointly and severally liable with Tenant (and Tenant shall be jointly and severally liable with each
Transferee) for the payment of rent (or, in the case of a sublease, rent in the amount set forth in the sublease) and for the
performance of all other terms and provisions of this Lease. The consent by Landlord to any Transfer shall not relieve Tenant
or any such Transferee from the obligation to obtain Landlord’s express prior written consent to any subsequent Transfer by
Tenant or any Transferee. The acceptance of rent by Landlord from any other person (whether or not such person is an occupant
of the Premises) shall not be deemed to be a waiver by Landlord of any provision of this Lease or to be a consent to any
Transfer.

 

    		26 	Bayshore Standard Lease Form

     

    

 

14.5      
Expenses and Attorneys’ Fees. Tenant shall pay to Landlord on demand all costs and expenses (including reasonable attorneys’
fees which fees shall not to exceed $2,500.00 per request for Landlord’s consent to a proposed Transfer so long as the documentation
is commercially reasonable and Tenant and/or the proposed Transferee does not materially or unreasonably negotiate the terms and
conditions of Landlord’s consent documentation) incurred by Landlord in connection with reviewing or consenting to any proposed
Transfer (including any request for consent to, or any waiver of Landlord’s rights in connection with, any security interest in
any of Tenant’s property at the Premises).

 

14.6
      Effectiveness of Transfer. Prior to the date on which any Transfer becomes effective (whether or not requiring Landlord’s
consent), Tenant shall deliver to Landlord a counterpart of the fully executed Transfer document and Landlord’s standard form
of Consent to Assignment or Consent to Sublease executed by Tenant and the Transferee in which each of Tenant and the Transferee
confirms its obligations pursuant to this Lease. Failure or refusal of a Transferee to execute any such instrument shall not release
or discharge the Transferee from liability as provided herein. The voluntary, involuntary or other surrender of this Lease by
Tenant, or a mutual cancellation by Landlord and Tenant, shall not work a merger, and any such surrender or cancellation shall,
at the option of Landlord, either terminate all or any existing subleases or operate as an assignment to Landlord of any or all
of such subleases.

 

14.7
      Landlord’s Right to Space. Notwithstanding any of the above provisions of this Section
to the contrary, if Tenant notifies Landlord that it desires to enter into a Transfer, Landlord, in lieu of consenting to such
Transfer, may elect (a) in the case of an assignment or a sublease of the entire Premises, to terminate this Lease, or (b) in
the case of a sublease for a term greater than fifty (50%) of the remaining term of this Lease and which sublease results in more
than fifty percent (50%) of the entire Premises being subleased at any given time, to terminate this Lease as it relates to the
space proposed to be subleased by Tenant. In such event, this Lease will terminate (or the space proposed to be subleased will
be removed from the Premises subject to this Lease and the Base Rent and Tenant’s Share under this Lease shall be proportionately
reduced) on the earlier of (x) sixty (60) days after the date of Landlord’s notice to Tenant making the election set forth in
this Section 14.7, or (y) the date the Transfer was proposed to be effective, if such date is specified in Tenant’s notice to
Landlord regarding the proposed Transfer, and Landlord may lease such space to any party, including the prospective Transferee
identified by Tenant. Notwithstanding the provisions of this Section 14.7 to the contrary, if (i) Tenant proposes to sublease
a portion of the Premises, and (ii) Landlord elects to terminate this Lease with respect to the space Tenant proposes to sublease,
then Tenant shall have the right to rescind (a “Rescission”) any such termination by Landlord only with respect
to any sublease which cumulatively, whether through one (1) or more subleases, does not result in Tenant subleasing, in the aggregate,
more than seventy-five percent (75%) of the rentable area in the Premises. Any Rescission shall be effective, if at all, only
by Tenant giving Landlord written notice (“Tenant’s Rescission Notice”) within five (5) Business Days following
Landlord’s written notice of termination pursuant to the provisions of this Section 14.7. Upon Tenant giving Tenant’s Rescission
Notice, (iii) this Lease shall remain in full force and effect in accordance with the provisions contained herein, and (iv) Tenant
shall be deemed to have withdrawn the request for consent to a sublease, and the proposed sublease which was the basis for Landlord’s
termination under the provisions of this Section 14.7 shall be void, and of no force and effect. Tenant shall not have the right
to rescind Landlord’s termination of a sublease which cumulatively would result in Tenant subleasing more than seventy-five percent
(75%) of the rentable area in the Premises.

 

    		27 	Bayshore Standard Lease Form

     

    

 

14.8      
Assignment of Sublease Rents. Tenant hereby absolutely and irrevocably assigns to Landlord any and all rights to receive
rent and other consideration from any sublease and agrees that Landlord, as assignee or as attorney-in-fact for Tenant for purposes
hereof, or a receiver for Tenant appointed on Landlord’s application may (but shall not be obligated to) collect such rents and
other consideration and apply the same toward Tenant’s obligations to Landlord under this Lease; provided, however, that Landlord
grants to Tenant at all times prior to occurrence of any breach or default by Tenant (which breach or default continues beyond
any applicable notice and cure periods) a revocable license to collect such rents (which license shall automatically and without
notice be and be deemed to have been revoked and terminated immediately upon any Event of Default).

 

14.9      
Permitted Transfers. Notwithstanding any provision contained in the Section 14 to the contrary, Tenant shall have the right,
without the consent of Landlord, upon ten (10) days prior written notice to Landlord, to Transfer this Lease to any of the following
entities (each a “Permitted Transferee”, a Transfer to a Permitted Transferee being a “Permitted Transfer”),
so long as the Permitted Transferee has a tangible net worth sufficient to fulfill the obligations of the original Tenant under
this Lease being assumed by the Permitted Transferee and no less than the tangible net worth of Tenant immediately prior to such
Transfer, and so long as such Transfer is not objectionable to Landlord under any of Subsections 14.2(b)(iii), (iv), (vi), (viii)
or (ix) of this Lease: (i) a successor corporation related to Tenant by merger, consolidation, or non-bankruptcy reorganization,
(ii) a purchaser of at least ninety percent (90%) of Tenant’s assets as an ongoing concern, or (iii) an “Affiliate”
of Tenant. The provisions of Sections 14.3 and 14.7 shall not apply with respect to a Permitted Transfer, but any Permitted Transfer
pursuant to the provisions of this Section 14.9 shall be subject to all of the other provisions of this Lease. Tenant shall remain
liable under this Lease after any such transfer. For the purposes of this Article 14, the term “Affiliate”
of Tenant shall mean and refer to any entity controlling, controlled by or under common control with Tenant or Tenant’s parent
or subsidiary, as the case may be. “Control” as used herein shall mean the possession, direct or indirect, of
the power to direct or cause the direction of the management and policies of such controlled entity; and the ownership, or possession
of the right to vote, in the ordinary direction of its affairs, of at least fifty percent (50%) of the voting interest in any
entity. Notwithstanding Tenant’s right to make a Permitted Transfer pursuant to the provisions of this Section 14.9, Tenant may
not, through use of its rights under this Article 14 in two or more transactions (whether separate transactions or steps or phases
of a single transaction), at one time or over time, whether by first assigning this Lease to a subsidiary and then merging the
subsidiary into another entity or selling the stock of the subsidiary or by other means, assign or sublease the Premises, or transfer
control of Tenant, to any person or entity which is not a subsidiary, affiliate or controlling corporation of the original Tenant,
as then constituted, existing prior to the commencement of such transactions, without first obtaining Landlord’s prior written
consent and complying with all other applicable provisions of this Section 14.

 

    		28 	Bayshore Standard Lease Form

     

    

 

15.          DEFAULT
AND REMEDIES.

 

15.1      
Events of Default. The occurrence of any of the following shall constitute an “Event of Default” by
Tenant:

 

(a)       Tenant
fails to make any payment of Rent when due, or any amount required to replenish the Security Deposit as provided in Section 4
above, if payment in full is not received by Landlord within three (3) days after written notice that it is due. If Landlord accepts
any past due Rent, such acceptance shall not be a waiver of any other prior breach by Tenant under this Lease, other than the
failure of Tenant to pay the particular past due Rent which Landlord has accepted.

 

(b)       Tenant
abandons the Premises and fails to pay rent hereunder.

 

(c)       Tenant
fails timely to deliver any subordination document, estoppel certificate or financial statement requested by Landlord within the
applicable time period specified in Sections 20 - Encumbrances - and 21 - Estoppel Certificates and Financial Statements
- below.

 

(d)       Tenant
violates the restrictions on Transfer set forth in Section 14 Assignment and Subletting.

 

(e)       Tenant
ceases doing business as a going concern; makes an assignment for the benefit of creditors; is adjudicated an insolvent, files
a petition (or files an answer admitting the material allegations of a petition) seeking relief under any state or federal bankruptcy
or other statute, law or regulation affecting creditors’ rights; all or substantially all of Tenant’s assets are subject to judicial
seizure or attachment and are not released within 30 days, or Tenant consents to or acquiesces in the appointment of a trustee,
receiver or liquidator for Tenant or for all or any substantial part of Tenant’s assets.

 

(f)       Tenant
fails, within ninety (90) days after the commencement of any proceedings against Tenant seeking relief under any state or federal
bankruptcy or other statute, law or regulation affecting creditors’ rights, to have such proceedings dismissed, or Tenant fails,
within ninety (90) days after an appointment, without Tenant’s consent or acquiescence, of any trustee, receiver or liquidator
for Tenant or for all or any substantial part of Tenant’s assets, to have such appointment vacated.

 

(g)       Tenant
fails to perform or comply with any provision of this Lease other than those described in (a) through (f) above, and does
not fully cure such failure within thirty (30) days after notice to Tenant or, if such failure cannot be cured within such
thirty (30)-day period, Tenant fails within such thirty (30)-day period to commence, and thereafter diligently proceed with,
all actions necessary to cure such failure as soon as reasonably possible but in all events within one hundred twenty (120)
days of such notice; provided, however, that if Landlord in Landlord’s reasonable judgment determines, at the end of said
thirty (30)-day period, that such failure cannot or will not be cured by Tenant within such one hundred twenty (120) days,
then such failure shall constitute an Event of Default immediately upon such notice to Tenant.

 

    		29 	Bayshore Standard Lease Form

     

    

 

15.2      
Remedies. Upon the occurrence of an Event of Default, Landlord shall have the following remedies, which shall not be exclusive
but shall be cumulative and shall be in addition to any other remedies now or hereafter allowed by law:

 

(a)       Landlord
may terminate Tenant’s right to possession of the Premises at any time by written notice to Tenant. Tenant expressly acknowledges
that in the absence of such written notice from Landlord, no other act of Landlord, including re-entry into the Premises, efforts
to relet the Premises, reletting of the Premises for Tenant’s account, storage of Tenant’s personal property and Trade Fixtures,
acceptance of keys to the Premises from Tenant or exercise of any other rights and remedies under this Section, shall constitute
an acceptance of Tenant’s surrender of the Premises or constitute a termination of this Lease or of Tenant’s right to possession
of the Premises. Upon such termination in writing of Tenant’s right to possession of the Premises, as herein provided, this Lease
shall terminate and Landlord shall be entitled to recover damages from Tenant as provided in California Civil Code Section 1951.2
and any other applicable existing or future Law providing for recovery of damages for such breach, including the worth at the
time of award of the amount by which the rent which would be payable by Tenant hereunder for the remainder of the Term after the
date of the award of damages, including Additional Rent as reasonably estimated by Landlord, exceeds the amount of such rental
loss as Tenant proves could have been reasonably avoided, discounted at the discount rate published by the Federal Reserve Bank
of San Francisco for member banks at the time of the award plus one percent (1%).

 

(b)       Landlord
shall have the remedy described in California Civil Code Section 1951.4 (Landlord may continue this Lease in effect after Tenant’s
breach and abandonment and recover rent as it becomes due, if Tenant has the right to sublet or assign, subject only to reasonable
limitations).

 

(c)       Landlord
may cure the Event of Default at Tenant’s expense. If Landlord pays any sum or incurs any expense in curing the Event of Default,
Tenant shall reimburse Landlord upon demand for• the amount of such payment or expense with interest at the Interest Rate
from the date the sum is paid or the expense is incurred until Landlord is reimbursed by Tenant.

 

(d)       Landlord
may remove all Tenant’s property from the Premises, and such property may be stored by Landlord in a public warehouse or elsewhere
at the sole cost and for the account of Tenant. If Landlord does not elect to store any or all of Tenant’s property left in the
Premises, Landlord may consider such property to be abandoned by Tenant, and Landlord may thereupon dispose of such property in
any manner deemed appropriate by Landlord. Any proceeds realized by Landlord on the disposal of any such property shall be applied
first to offset all expenses of storage and sale, then credited against Tenant’s outstanding obligations to Landlord under this
Lease, and any balance remaining after satisfaction of all obligations of Tenant under this Lease shall be delivered to Tenant.

 

    		30 	Bayshore Standard Lease Form

     

    

 

16.          LATE
CHARGE AND INTEREST.

 

16.1      
Late Charge. If any payment of Rent is not received by Landlord when due, Tenant shall pay to Landlord on demand as a late
charge an additional amount equal to four percent (4%) of the overdue payment. A late charge shall not be imposed more than once
on any particular installment not paid when due, but imposition of a late charge on any payment not made when due does not eliminate
or supersede late charges imposed on other (prior) payments not made when due or preclude imposition of a late charge on other
installments or payments not made when due.

 

16.2     
Interest. In addition to the late charges referred to above, which are intended to defray Landlord’s costs resulting from
late payments, any payment from Tenant to Landlord not paid when due shall at Landlord’s option bear interest from the date due
until paid to Landlord by Tenant at the rate of twelve percent (12%) per annum or the maximum lawful rate that Landlord may charge
to Tenant under applicable laws, whichever is less (the “Interest Rate”). Acceptance of any late charge and/or
interest shall not constitute a waiver of Tenant’s default with respect to the overdue sum or prevent Landlord from exercising
any of its other rights and remedies under this Lease.

 

17.          WAIVER.
No provisions of this Lease shall be deemed waived by either party unless such waiver is in a writing signed by such party. The
waiver by either party of any breach of any provision of this Lease shall not be deemed a waiver of such provision or of any subsequent
breach of the same or any other provision of this Lease. No delay or omission in the exercise of any right or remedy of either
party upon any default by the other party shall impair such right or remedy or be construed as a waiver. Landlord’s acceptance
of any payments of rent due under this Lease shall not be deemed a waiver of any default by Tenant under this Lease (including
Tenant’s recurrent failure to timely pay rent) other than Tenant’s nonpayment of the accepted sums, and no endorsement or statement
on any check or payment or in any letter or document accompanying any check or payment shall be deemed an accord and satisfaction.
Landlord’s consent to or approval of any act by Tenant requiring Landlord’s consent or approval shall not be deemed to waive or
render unnecessary Landlord’s consent to or approval of any subsequent act by Tenant.

 

18.          ENTRY,
INSPECTION AND CLOSURE. Upon reasonable oral or written notice to Tenant (and without notice in emergencies), Landlord and
its authorized representatives may enter the Premises at all reasonable times to: (a) determine whether the Premises are in
good condition, (b) determine whether Tenant is complying with its obligations under this Lease, (c) perform any maintenance
or repair of the Premises or the Building that Landlord has the right or obligation to perform, (d) install or repair
improvements for other tenants where access to the Premises is required for such installation or repair, (e) serve, post or
keep posted any notices required or allowed under the provisions of this Lease, (f) show the Premises to prospective brokers,
agents, buyers, transferees, Mortgagees or tenants provided that Landlord may only show the Premises to prospective tenants
during the last nine (9) months of the Term, or (g) do any other act or thing necessary for the safety or preservation of the
Premises or the Building. When reasonably necessary Landlord may temporarily close entrances, doors, corridors, elevators or
other facilities in the Building without liability to Tenant by reason of such closure. Landlord shall use commercially
reasonable efforts to conduct its activities under this Section in a manner that will minimize inconvenience to Tenant
without incurring additional expense to Landlord. In no event shall Tenant be entitled to an abatement of rent on account of
any entry by Landlord, and Landlord shall not be liable in any manner for any inconvenience, loss of business or other damage
to Tenant or other persons arising out of Landlord’s entry on the Premises in accordance with this Section. No action by
Landlord pursuant to this paragraph shall constitute an eviction of Tenant, constructive or otherwise, entitle Tenant to an
abatement of rent or to terminate this Lease or otherwise release Tenant from any of Tenant’s obligations under this
Lease.

 

    		31 	Bayshore Standard Lease Form

     

    

 

19.          SURRENDER
AND HOLDING OVER.

 

19.1     
Surrender. Upon the expiration or termination of this Lease, Tenant shall surrender the Premises and all Tenant Improvements
and Alterations to Landlord broom-clean and in their original condition, except for reasonable wear and tear, damage from casualty
or condemnation, any changes resulting from approved Alterations and Landlord’s express obligations hereunder; provided, however,
that prior to the expiration or termination of this Lease Tenant shall, at Landlord’s request, remove all telephone and other
cabling installed in the Building by Tenant and remove from the Premises all Tenant’s personal property and any Trade Fixtures
and, subject to Section 6.1 — Tenant Improvements & Alterations, all Alterations that Landlord has elected to
require Tenant to remove as provided in Section 6.1 - Tenant Improvements & Alterations, and repair any damage caused
by such removal. If such removal is not completed before the expiration or termination of the Term, Landlord shall have the right
(but no obligation) to remove the same, and Tenant shall pay Landlord on demand for all costs of removal and storage thereof and
for the rental value of the Premises for the period from the end of the Term through the end of the time reasonably required for
such removal. Landlord shall also have the right to retain or dispose of all or any portion of such property if Tenant does not
pay all such costs and retrieve the property within ten (10) days after notice from Landlord (in which event title to all such
property described in Landlord’s notice shall be transferred to and vest in Landlord). Tenant waives all Claims against Landlord
for any damage or loss to Tenant resulting from Landlord’s removal, storage, retention, or disposition of any such property. Upon
expiration or termination of this Lease or of Tenant’s possession, whichever is earliest, Tenant shall surrender all keys to the
Premises or any other part of the Building and shall deliver to Landlord all keys for or make known to Landlord the combination
of locks on all safes, cabinets and vaults that may be located in the Premises. Tenant’s obligations under this Section shall
survive the expiration or termination of this Lease.

 

19.2       Holding
Over. If Tenant (directly or through any Transferee or other successor-in-interest of Tenant) remains in possession of
the Premises after the expiration or termination of this Lease, Tenant’s continued possession shall be on the basis of a
tenancy at the sufferance of Landlord. No act or omission by Landlord, other than its specific written consent, shall
constitute permission for Tenant to continue in possession of the Premises, and if such consent is given or declared to have
been given by a court judgment, Landlord may terminate Tenant’s holdover tenancy at any time upon seven (7) days written
notice. In such event, Tenant shall continue to comply with or perform all the terms and obligations of Tenant under this
Lease, except that the monthly Base Rent shall be one hundred fifty percent (150%) of the Base Rent payable in the last full
month prior to the termination hereof on a per diem basis for each day Tenant remains in possession for the first sixty (60)
days of any such holdover period. Commencing on the sixty first (61st) day, such rate shall be increased to two
hundred percent (200%) of the Base Rent payable in the last full month prior to the termination hereof Acceptance by Landlord
of rent after such termination shall not constitute a renewal or extension of this Lease; and nothing contained in this
provision shall be deemed to waive Landlord’s right of re-entry or any other right hereunder or at law. Tenant shall
indemnify, defend and hold Landlord harmless from and against all Claims arising or resulting directly or indirectly from
Tenant’s failure to timely surrender the Premises, including (i) any rent payable by or any loss, cost, or damages claimed by
any prospective tenant of the Premises, and (ii) Landlord’s damages as a result of such prospective tenant rescinding or
refusing to enter into the prospective lease of the Premises by reason of such failure to timely surrender the
Premises.

 

    		32 	Bayshore Standard Lease Form

     

    

 

20.
         ENCUMBRANCES.

 

20.1      
Subordination. This Lease is expressly made subject and subordinate to any mortgage, deed of trust, ground lease, underlying
lease or like encumbrance affecting any part of the Property or any interest of Landlord therein which is now existing or hereafter
executed or recorded (“Encumbrance”); provided, however, that such subordination shall only be effective, as
to future Encumbrances, if the holder of the Encumbrance agrees in writing that this Lease shall survive the termination of the
Encumbrance by lapse of time, foreclosure or otherwise so long as Tenant is not in default under this Lease beyond any applicable
notice and cure period. Provided the conditions of the preceding sentence are satisfied, Tenant shall execute and deliver to Landlord,
within ten (10) Business Days after written request therefor by Landlord and in a form reasonably requested by Landlord, and the
holder of any Encumbrance, any additional documents evidencing the subordination of this Lease with respect to any such Encumbrance
and the nondisturbance agreement of the holder of any such Encumbrance, which documents may include customary commercially reasonable
terms, such as the agreement of Tenant to provide such holder notice and opportunity to cure any Landlord default under the Lease
(including the opportunity to take possession of the Property as provided in the Encumbrance). If the interest of Landlord in
the Property is transferred pursuant to or in lieu of proceedings for enforcement of any Encumbrance (including, without limitation,
any judicial foreclosure or foreclosure by a power of sale in a deed of trust), Tenant shall, at the request of the new owner,
immediately attorn to, and become the tenant of, the new owner, and this Lease shall continue in full force and effect as a direct
lease between the transferee and Tenant on the terms and conditions set forth in this Lease and, at such new owner’s request,
shall execute a new lease confirming the lease terms of this Lease. In furtherance of the foregoing, any such successor to the
Landlord shall not be liable for any offsets, defenses, claims, counterclaims, liabilities or obligations of the “landlord”
under the Lease accruing prior to the date that such new owner exercises its rights pursuant to the preceding sentence.

 

20.2    
 Mortgagee Protection. Tenant agrees to give any holder of any Encumbrance covering any part of the Property (“Mortgagee”),
by registered mail, a copy of any notice of default served upon Landlord, provided that prior to such notice Tenant has been notified
in writing (by way of notice of assignment of rents and leases, or otherwise) of the address of such Mortgagee. If Landlord shall
have failed to cure such default within thirty (30) days from the effective date of such notice of default, then the Mortgagee
shall have an additional thirty (30) days within which to cure such default or if such default cannot be cured within that time,
then such additional time as may be necessary to cure such default (including the time necessary to foreclose or otherwise terminate
its Encumbrance, if necessary to effect such cure), and this Lease shall not be terminated so long as such remedies are being
diligently pursued.

 

    		33 	Bayshore Standard Lease Form

     

    

 

21.          ESTOPPEL
CERTIFICATES AND FINANCIAL STATEMENTS.

 

21.1      
Estoppel Certificates. Within ten (10) Business Days after written request therefor, Tenant shall execute and deliver to
Landlord, in a form provided by or satisfactory to Landlord, a certificate stating that this Lease is in full force and effect,
describing this Lease and any amendments or modifications hereto, acknowledging that this Lease is subordinate or prior, as the
case may be, to any Encumbrance and stating any other information Landlord may reasonably request, including the commencement
and expiration dates of the Term, the monthly Base Rent, the date to which Rent has been paid, the amount of any security deposit
or prepaid rent, whether either party hereto is in default under the terms of the Lease, whether Landlord has completed its construction
obligations hereunder (if any), and whether Tenant has accepted the Premises. Any person or entity purchasing, acquiring an interest
in or extending financing with respect to the Property shall be entitled to rely upon any such certificate. If Tenant fails to
deliver such certificate within ten (10) Business Days after Landlord’s second written request therefor, Tenant shall be liable
to Landlord for any damages incurred by Landlord including any profits or other benefits from any financing of the Property or
any interest therein which are lost or made unavailable as a result, directly or indirectly, of Tenant’s failure or refusal to
timely execute or deliver such estoppel certificate.

 

21.2     
Financial Statements. Within ten (10) days after written request therefor, but not more than once a year, Tenant shall
deliver to Landlord a copy of the financial statements (including at least a year end balance sheet, a statement of profit and
loss, and a statement of cash flows) of Tenant (and of each guarantor of Tenant’s obligations under this Lease) for each of the
three most recently completed years, prepared in accordance with generally accepted accounting principles (and, if such is Tenant’s
normal practice, audited by an independent certified public accountant), all then available subsequent interim statements, and
such other financial information as may reasonably be requested by Landlord or required by any Mortgagee.

 

22.          NOTICES.
Any notice, demand, request, consent or approval that either party desires or is required to give to the other party under this
Lease shall be in writing and shall be served personally, delivered by messenger or courier service, or sent by U.S. certified
mail, return receipt requested, postage prepaid, addressed to the other party at the party’s address for notices set forth in
the Basic Lease Information. Any notice required pursuant to any Laws may be incorporated into, given concurrently with or given
separately from any notice required under this Lease. Notices shall be deemed to have been given and be effective on the earlier
of (a) receipt (or refusal of delivery or receipt); or (b) one (1) day after acceptance by the independent service for delivery,
if sent by independent messenger or courier service, or three (3) days after mailing if sent by mail in accordance with this Section.
Either party may change its address for notices hereunder, effective fifteen (15) days after notice to the other party complying
with this Section. If Tenant sublets the Premises, notices from Landlord shall be effective on the subtenant when given to Tenant
pursuant to this Section.

 

    		34 	Bayshore Standard Lease Form

     

    

 

23.          ATTORNEYS’
FEES. In the event of any dispute between Landlord and Tenant in any way related to this Lease, and whether involving contract
and/or tort claims, the non-prevailing party shall pay to the prevailing party all reasonable attorneys’ fees and costs and expenses
of any type, without restriction by statute, court rule or otherwise, incurred by the prevailing party in connection with any
action or proceeding (including any appeal and the enforcement of any judgment or award), whether or not the dispute is litigated
or prosecuted to final judgment (collectively, “Fees”). The “prevailing party” shall be determined
based upon an assessment of which party’s major arguments or positions taken in the action or proceeding could fairly be said
to have prevailed (whether by compromise, settlement, abandonment by the other party of its claim or defense, final decision,
after any appeals, or otherwise) over the other party’s major arguments or positions on major disputed issues. Any Fees incurred
in enforcing a judgment shall be recoverable separately from any other amount included in the judgment and shall survive and not
be merged in the judgment. The Fees shall be deemed an “actual pecuniary loss” within the meaning of Bankruptcy Code
Section 365(b)(1)(B), and notwithstanding the foregoing, all Fees incurred by either party in any bankruptcy case filed by or
against the other party, from and after the order for relief until this Lease is rejected or assumed in such bankruptcy case,
will be “obligations of the debtor” as that phrase is used in Bankruptcy Code Section 365(d)(3).

 

24.          QUIET
POSSESSION. Subject to Tenant’s full and timely performance of all of Tenant’s obligations under this Lease and subject to the
terms of this Lease, including Section 20 Encumbrances, Tenant shall have the quiet possession of the Premises throughout
the Term as against any persons or entities lawfully claiming by, through or under Landlord.

 

25.          SECURITY
MEASURES. Landlord may, but shall be under no obligation to, implement security measures for the Property, such as the registration
or search of all persons entering or leaving the Building, requiring identification for access to the Building, evacuation of
the Building for cause, suspected cause, or for drill purposes, the issuance of magnetic pass cards or keys for Building or elevator
access and other actions that Landlord deems necessary or appropriate to prevent any threat of property loss or damage, bodily
injury or business interruption; provided, however, that such measures shall be implemented in a way as not to materially inconvenience
tenants of the Building unreasonably. If Landlord uses an access card system, Landlord may require Tenant to pay Landlord a deposit
for each after-hours Building access card issued to Tenant. Tenant shall be responsible for any loss, theft or breakage of any
such cards, which must be returned by Tenant to Landlord upon expiration or earlier termination of the Lease. Landlord may retain
the deposit for any card not so returned. Landlord shall at all times have the right to change, alter or reduce any such security
services or measures. Tenant shall cooperate and comply with, and cause Tenant’s Representatives and Visitors to cooperate and
comply with, such security measures. Landlord, its agents and employees shall have no liability to Tenant or its Representatives
or Visitors for the implementation or exercise of, or the failure to implement or exercise, any such security measures or for
any resulting disturbance of Tenant’s use or enjoyment of the Premises.

 

26.          FORCE
MAJEURE. If Landlord is delayed, interrupted or prevented from performing any of its obligations under this Lease,
including its obligations under the Construction Rider (if any), and such delay, interruption or prevention is due to fire,
act of God, governmental act or failure to act, terrorist act, labor dispute, unavailability of labor or materials or any
other cause outside the reasonable control of Landlord, then the time for performance of the affected obligations of Landlord
shall be extended for a period equivalent to the period of such delay, interruption or prevention.

 

    		35 	Bayshore Standard Lease Form

     

    

 

27.          RULES
AND REGULATIONS. Tenant shall be bound by and shall comply with the rules and regulations attached to and made a part of this
Lease as Exhibit C to the extent those rules and regulations are not in conflict with the terms of this Lease, as well
as any reasonable rules and regulations hereafter adopted by Landlord for all tenants of the Building, upon notice to Tenant thereof
(collectively, the “Building Rules”). Landlord shall not be responsible to Tenant or to any other person for
any violation of, or failure to observe, the Building Rules by any other tenant or other person.

 

28.          LANDLORD’S
LIABILITY. The term “Landlord,” as used in this Lease, shall mean only the owner or owners of the Building at the time
in question. In the event of any conveyance of title to the Building, then from and after the date of such conveyance, the transferor
Landlord shall be relieved of all liability with respect to Landlord’s obligations to be performed under this Lease after the
date of such conveyance. Notwithstanding any other term or provision of this Lease, the liability of Landlord for its obligations
under this Lease is limited solely to Landlord’s interest in the Building as the same may from time to time be encumbered, and
no personal liability shall at any time be asserted or enforceable against any other assets of Landlord or against Landlord’s
partners or members or its or their respective partners, shareholders, members, directors, officers or managers on account of
any of Landlord’s obligations or actions under this Lease.

 

29.          CONSENTS
AND APPROVALS.

 

29.1     
Determination in Good Faith. Wherever the consent, approval, judgment or determination of Landlord is required or permitted
under this Lease, Landlord may exercise its good faith business judgment in granting or withholding such consent or approval or
in making such judgment or determination without reference to any extrinsic standard of reasonableness, unless the specific provision
contained in this Lease providing for such consent, approval, judgment or determination specifies that Landlord’s consent or approval
is not to be unreasonably withheld, or that such judgment or determination is to be reasonable, or otherwise specifies the standards
under which Landlord may withhold its consent. If it is determined that Landlord failed to give its consent where it was required
to do so under this Lease, Tenant shall be entitled to injunctive relief but shall not to be entitled to monetary damages or to
terminate this Lease for such failure.

 

29.2       No Liability Imposed on Landlord. The review and/or approval by Landlord of any item or matter to be reviewed or approved
by Landlord under the terms of this Lease or any Exhibits or Addenda hereto shall not impose upon Landlord any liability for the
accuracy or sufficiency of any such item or matter or the quality or suitability of such item for its intended use. Any such review
or approval is for the sole purpose of protecting Landlord’s interest in the Property, and no third parties, including Tenant
or the Representatives and Visitors of Tenant or any person or entity claiming by, through or under Tenant, shall have any rights
as a consequence thereof

 

    		36 	Bayshore Standard Lease Form

     

    

 

30.          WAIVER
OF RIGHT TO JURY TRIAL. To the extent permitted by applicable Law, Landlord and Tenant waive their respective rights to
trial by jury of any contract or tort claim, counterclaim, cross-complaint, or cause of action in any action, proceeding, or
hearing brought by either party against the other on any matter arising out of or in any way connected with this Lease, the
relationship of Landlord and Tenant, or Tenant’s use or occupancy of the Premises, including any claim of injury or damage or
the enforcement of any remedy under any current or future law, statute, regulation, code, or ordinance.

 

31.          BROKERS.
Landlord shall pay the fee or commission of the broker or brokers identified in the Basic Lease Information (the “Broker”)
in accordance with Landlord’s separate written agreement with the Broker, if any. Tenant warrants and represents to Landlord that
in the negotiating or making of this Lease neither Tenant nor anyone acting on Tenant’s behalf has dealt with any broker or finder
who might be entitled to a fee or commission for this Lease other than the Broker. Tenant shall indemnify and hold Landlord harmless
from any claim or claims, including costs, expenses and attorney’s fees incurred by Landlord asserted by any other broker or finder
for a fee or commission based upon any dealings with or statements made by Tenant or Tenant’s Representatives. Landlord shall
indemnify and hold Tenant harmless from any claim or claims, including costs, expenses and attorney’s fees incurred by Tenant
asserted by any other broker or finder for a fee or commission based upon any dealings with or statements made by Landlord or
Landlord’s Representatives.

 

32.          RELOCATION
OF PREMISES. For the purpose of maintaining an economical and proper distribution of tenants acceptable to Landlord throughout
the Building, commencing on the first day of the twenty-fifth (25th) month of the initial Term of this Lease, Landlord
shall have the right from time to time during the Term to relocate the Premises within the Building (but during the initial Term
of this Lease, Landlord shall not exercise such right to relocate Tenant more than one (1) time), provided that (a) the rentable
and usable area of the new Premises is of equivalent size to the existing Premises, subject to a variation of up to fifteen percent
(15%), (b) Landlord, not Tenant, shall pay the cost of providing tenant improvements in the new Premises (Tenant shall have no
liability for any construction management fee related to any such tenant improvements), which shall be substantially comparable
to those in the existing Premises, (c) if Tenant relocates into larger Premises under the provisions of this Section, then during
the remainder of the initial Term the total Base Rent and Additional Rent shall not increase after such relocation for comparable
dates as Tenant would otherwise pay in the existing Premises prior to such relocation, (d) Landlord shall pay reasonable costs
(to the extent such costs are submitted in writing to Landlord and approved in writing by Landlord prior to such move) of (i)
moving Tenant’s Trade Fixtures and personal property to the new Premises, (ii) relocating wiring and cabling to the new Premises
and (iii) new stationery and business cards to replace the then existing stock on hand in the Premises and which may be required
by any change in address, and (e) the new Premises shall be located on the ground floor of the Building. Landlord shall deliver
to Tenant written notice of Landlord’s election to relocate the Premises, specifying the new location and the amount of rent payable
therefor, at least one hundred twenty (120) days prior to the date the relocation is to be effective.

 

33.          OFAC.
Tenant hereby represents and warrants that neither Tenant, nor any persons or entities holding any legal or beneficial interest
whatsoever in Tenant, are (i) the target of any sanctions program that is established by Executive Order of the President or published
by the Office of Foreign Assets Control, U.S. Department of the Treasury (“OFAC”); (ii) designated by the President
or OFAC pursuant to the Trading with the Enemy Act, 50 U.S.C. App. § 5, the International Emergency Economic Powers
Act, 50§§ 1701-06, the Patriot Act, Public Law
107-56, Executive Order 13224 (September 23, 2001) or any Executive Order of the President issued pursuant to such statutes; or
(iii) named on the following list that is published by OFAC: “List of Specially Designated Nationals and Blocked Persons.”
If the foregoing representation is untrue at any time during the Term, an Event of Default will be deemed to have occurred, without
the necessity of notice to Tenant.

 

    		37 	Bayshore Standard Lease Form

     

    

 

34.          ENTIRE
AGREEMENT. This Lease, including the Exhibits and any Addenda attached hereto, and the documents referred to herein, if any, constitute
the entire agreement between Landlord and Tenant with respect to the leasing of space by Tenant in the Building, and supersede
all prior or contemporaneous agreements, understandings, proposals and other representations by or between Landlord and Tenant,
whether written or oral, all of which are merged herein. Neither Landlord nor Landlord’s agents have made any representations
or warranties with respect to the Premises, the Building, the Property or this Lease except as expressly set forth herein, and
no rights, easements or licenses shall be acquired by Tenant by implication or otherwise unless expressly set forth herein. The
submission of this Lease for examination does not constitute an option for the Premises and this Lease shall become effective
as a binding agreement only upon execution and delivery thereof by Landlord to Tenant.

 

35.          MISCELLANEOUS.
This Lease may not be amended or modified except by a writing signed by Landlord and Tenant. Subject to Section 14 - Assignment
and Subletting and Section 28 - Landlord’s Liability, this Lease shall be binding on and shall inure to the benefit
of the parties and their respective successors, assigns and legal representatives. The determination that any provisions hereof
may be void, invalid, illegal or unenforceable shall not impair any other provisions hereof and all such other provisions of this
Lease shall remain in full force and effect. The unenforceability, invalidity or illegality of any provision of this Lease under
particular circumstances shall not render unenforceable, invalid or illegal other provisions of this Lease, or the same provisions
under other circumstances. This Lease shall be construed and interpreted in accordance with the laws (excluding conflict of laws
principles) of the State in which the Building is located. The provisions of this Lease shall be construed in accordance with
the fair meaning of the language used and shall not be strictly construed against either party, even if such party drafted the
provision in question. When required by the context of this Lease, the singular includes the plural. Wherever the term “including”
is used in this Lease, it shall be interpreted as meaning “including, but not limited to” the matter or matters thereafter
enumerated. The captions contained in this Lease are for purposes of convenience only and are not to be used to interpret or construe
this Lease. If more than one person or entity is identified as Tenant hereunder, the obligations of each and all of them under
this Lease shall be joint and several. Time is of the essence with respect to this Lease, except as to the conditions relating
to the delivery of possession of the Premises to Tenant. Neither Landlord nor Tenant shall record this Lease. This Lease may be
executed and delivered by facsimile in one or more counterparts, each of which shall constitute one and the same Lease. If this
Lease is signed and delivered in such manner, Landlord and Tenant shall promptly deliver an original signed version to the other.
Any digital image copy of this Lease (to the extent fully executed and delivered) shall be treated by the parties as a true and
correct original of the same and admissible as best evidence to the extent permitted by a court of proper jurisdiction.

 

36.          AUTHORITY.
If Tenant is a corporation, partnership, limited liability company or other form of business entity, Tenant warrants
and represents that Tenant is a duly organized and validly existing entity, that Tenant has full right and authority to enter
into this Lease and that the persons signing on behalf of Tenant are authorized to do so and have the power to bind Tenant to
this Lease. Tenant shall provide Landlord upon request with evidence reasonably satisfactory to Landlord confirming the
foregoing representations.

 

[SIGNATURE
PAGE FOLLOWS]

 

    		38 	Bayshore Standard Lease Form

     

    

 

IN WITNESS WHEREOF, Landlord and
Tenant have entered into this Lease as of the date first above written.

 

	TENANT:	 	LANDLORD:
	 	 	 
	SYSOREX GLOBAL HOLDINGS CORP.,	 	ECI TWO BAYSHORE LLC, 
	a Nevada corporation	 	a Delaware limited liability
    company
	 	 	 	 
	By:	/S/
NADIR ALI	 	By:	Embarcadero Capital Investors Two
    LP, 
	Name:	NADIR ALI 	 	 	a Delaware limited partnership,
    
	Title:	 CEO	 	 	its sole member
	 	 	 	 	 	 	 
	 By:	/s/ WENDY
    LOUNDERMON	 	 	By:	Embarcadero Capital Partners LLC,
    
	 Name:	WENDY LOUNDERMON

	 	 	 	a Delaware limited liability company,
    
	 Title:	CFO	 	 	 	its sole general partner
	 	 	 	 	 	 	 
	 	 	 	 	 	By:	/s/ ERIC
    YOPES
	 	 	 	 	 	 	ERIC YOPES
	 	 	 	 	 	 	MANAGER

 

(For
corporate entities, signature by TWO corporate officers is required: one by (x) the chairman of the board, the president, or any
vice president; and the other by (y) the secretary, any assistant secretary, the chief financial officer, or any assistant treasurer.)

 

    		39 	Bayshore Standard Lease Form

     

    

 

EXHIBIT
A

 

ATTACHED
TO AND FORMING A PART OF

LEASE AGREEMENT

DATED AS OF AUGUST 21, 2014

BETWEEN

ECI TWO BAYSHORE LLC, AS LANDLORD,

AND

SYSOREX GLOBAL HOLDINGS CORP., AS TENANT (“LEASE”)

 

THE
PREMISES 

 

 

 

 

 

	 	Exhibit A, Page 1	 
	 	 	Initials

    	 		Bayshore Standard Lease Form

     

    

 

EXHIBIT
B

 

ATTACHED
TO AND FORMING A PART OF

LEASE AGREEMENT

DATED AS OF AUGUST 21, 2014

BETWEEN

ECI TWO BAYSHORE LLC, AS LANDLORD,

AND

SYSOREX GLOBAL HOLDINGS CORP., AS TENANT (“LEASE”)

 

CONSTRUCTION
RIDER

 

1.       Tenant
Improvements. Landlord shall with reasonable diligence through a contractor, and/or subcontractors, designated by Landlord
perform the Work List (as defined below) items in the Premises as provided for in this Construction Rider (“Tenant Improvements”).
Upon request by Landlord, Tenant shall designate in writing an individual authorized to act as Tenant’s Representative with respect
to all approvals, directions and authorizations pursuant to this Construction Rider. Landlord shall have no obligation to perform
any work to prepare the Premises for use or occupancy by Tenant except as expressly provided herein and as otherwise expressly
provided in Section 1 of the Lease. Landlord, at its sole cost and expense (subject to the terms and provisions of Section 1.1
below) shall perform improvements to the Premises in accordance with the following work list (the “Work List”)
using Building standard methods, materials and finishes and as otherwise reasonably determined by Landlord.

 

WORK
LIST

 

		(a)	Construct
a kitchen in the Premises with a sink, upper and lower cabinetry and a dishwasher;

 

		(b)	Replace
existing carpeting in the Premises with new Building standard carpeting, as selected by Tenant;

 

		(c)	Repaint
currently painted exposed, interior walls of the Premises in a color selected by Tenant;

 

		(d)	Install
glass entry doors in the Premises that are substantially similar to the glass entry doors currently installed in Suite 185 of
the Building;

 

		(e)	Construct
the “Division” demising wall, as shown on the plan attached hereto as Schedule 1;

 

		(f)	Remove
one (1) wall in the Premises, as shown on the plan attached hereto as Schedule 1; and

 

		(g)	Remove
the closet located in the conference room within the Premises, as shown on the plan attached hereto as Schedule 1.

 

 

	 	Exhibit B, Page 1	 
	 	 	Initials

    	 		Bayshore Standard Lease Form

     

    

 

1.1.       All
other work and upgrades, subject to Landlord’s approval, shall be at Tenant’s sole cost and expense, plus any
applicable state sales or use tax thereon, payable upon demand as Additional Rent. Tenant shall be responsible for any Tenant
Delay (defined below) in completion of the Tenant Improvements resulting from any such other work and upgrades requested or
performed by Tenant.

 

1.2.       Landlord’s
supervision or performance of any work for or on behalf of Tenant shall not be deemed to be a representation by
Landlord that such work complies with applicable insurance requirements or that the improvements constructed will be adequate
for Tenant’s use.

 

1.3.       Construction.
Landlord shall proceed with reasonable diligence to cause the Tenant Improvements to be Substantially Completed on or prior
to the Scheduled Commencement Date. The Tenant Improvements shall be deemed to be “Substantially Completed” when
they have been completed except for finishing details, minor omissions, decorations and mechanical adjustments of the type normally
found on an architectural “punch list”. (The definition of Substantially Completed shall also define the terms “Substantial
Completion” and “Substantially Complete.”)

 

Following
Substantial Completion of the Tenant Improvements and before Tenant takes possession of the Premises (or as soon thereafter as
may be reasonably practicable and in any event within thirty (30) days after Substantial Completion), Landlord and Tenant shall
inspect the Premises and jointly prepare a “punch list” of agreed items of construction remaining to be completed. Landlord
shall complete the items set forth in the punch list as soon as reasonably possible. Landlord, as part of the Tenant Improvements,
shall use commercially reasonable efforts to correct all such items within thirty (30) days following the completion of the punch
list. Tenant shall cooperate with and accommodate Landlord and Landlord’s contractor in completing the items on the punch list.

 

1.4.       Changes.
If Tenant requests any change, addition or alteration in or to the Tenant Improvements (whether one or more, hereinafter called
“Changes”), Landlord shall notify Tenant of the estimated cost of such Changes (the “Cost Estimate”).
Within two (2) days after receipt of such Cost Estimate, Tenant shall notify Landlord in writing whether Tenant approves the
Changes. If Tenant approves the Changes, Landlord shall proceed with the Changes and Tenant shall be liable for any additional
cost (“Additional Cost”) resulting from the Changes. If Tenant fails to approve the Changes within such two
(2) day period, Landlord shall have the option to continue construction of the Tenant Improvements disregarding the requested
Changes. Tenant shall be responsible for any Tenant Delay (defined below) in completion of the Premises resulting from any Changes.
Tenant shall pay Landlord 100% of any Additional Cost based upon the Cost Estimate within five (5) business days of Landlord’s
demand therefor. Landlord will use reasonable care in preparing the Cost Estimate, but it is an estimate only and does not limit
Tenant’s obligation to pay for the actual Additional Cost of the Tenant Improvements, whether or not it exceeds the estimated
amounts. 

 

	 	Exhibit B, Page 2	 

    	 		Bayshore Standard Lease Form

     

    

 

1.5.       Delays.
Tenant shall be responsible for, and shall pay to Landlord, any and all costs and expenses incurred by Landlord in
connection with any delay in the commencement or completion of any Tenant Improvements and any increase in the cost of Tenant
Improvements caused by (i) any delays in obtaining any items or materials constituting part
of the Tenant Improvements requested by Tenant, (ii) the inclusion by Tenant in the Tenant Improvements of any materials, equipment,
fixtures or other items in the nature of “long lead” items (including any items that are rare or not readily available,
and any custom fabricated items), (iii) any requested Changes (including, without limitation, any delays caused by Landlord’s
review of such requested Changes), (iv) Tenant’s failure to select Building standard paint, laminate and carpet for the
Tenant Improvements within ten (10) business days following the full execution of this Lease; or (v) any other delay requested
or caused by Tenant (collectively, “Tenant Delays”).

 

2.    
Delivery of Premises. Upon Substantial Completion of the Tenant Improvements, Landlord shall deliver possession of the
Premises to Tenant. If Landlord has not Substantially Completed the Tenant Improvements and tendered possession of the Premises
to Tenant on or before the Scheduled Commencement Date specified in Section 2 - Term; Possession of the Lease, or if Landlord
is unable for any other reason to deliver possession of the Premises to Tenant on or before such date, neither Landlord nor its
representatives shall be liable to Tenant for any damage resulting from the delay in completing such construction obligations
and/or delivering possession to Tenant and the Lease shall remain in full force and effect. If any delays in Substantially Completing
the Tenant Improvements are attributable to Tenant Delays, then the Premises shall be deemed to have been Substantially Completed
and delivered to Tenant on the date on which Landlord could have Substantially Completed the Premises and tendered the Premises
to Tenant but for such Tenant Delays. If Tenant fails to perform any of Tenant’s obligations under this Construction Rider within
the time periods specified herein, Landlord may treat such failure of performance as an Event of Default under the Lease.

 

3.      Ownership
of Tenant Improvements. All Tenant Improvements, whether installed by Landlord or Tenant, shall become a part of the Premises,
shall be the property of Landlord and, subject to the provisions of the Lease, shall be surrendered by Tenant with the Premises,
without any compensation to Tenant, at the expiration or termination of the Lease in accordance with the provisions of the Lease.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

 

	 	Exhibit B, Page 3	 

    	 		Bayshore Standard Lease Form

     

    

 

SCHEDULE
1 TO EXHIBIT B

 

PLANS

 

  

 

 

	 	Exhibit B, Page 4	 

    	 		Bayshore Standard Lease Form

     

    

 

EXHIBIT
C

 

ATTACHED
TO AND FORMING A PART OF

LEASE AGREEMENT

DATED AS OF AUGUST 21, 2014

BETWEEN

ECI TWO BAYSHORE LLC, AS LANDLORD,

AND

SYSOREX GLOBAL HOLDINGS CORP., AS TENANT (“LEASE”)

 

BUILDING
RULES

 

The
following Building Rules are additional provisions of the foregoing Lease to which they are attached. The capitalized terms used
herein have the same meanings as these terms are given in the Lease.

 

1.       Use
of Common Areas. Tenant will not obstruct the halls, passages, exits, entrances, elevators or stairways of the Building
(“Interior Common Areas”) or the Common Areas, and Tenant will not use the Interior Common Areas or the Common
Areas for any purpose other than ingress and egress to and from the Premises. The Interior Common Areas and the Common Areas are
not open to the general public and Landlord reserves the right to control and prevent access to the Interior Common Areas and
the Common Areas of any person whose presence, in Landlord’s opinion, would be prejudicial to the safety, reputation and interests
of the Building and its tenants.

 

2,       No
Access to Roof. Tenant has no right of access to the roof of the Building and will not install, repair or replace
any antenna, aerial, aerial wires, fan, air-conditioner or other device on the roof of the Building, without the prior
written consent of Landlord. Any such device installed without Landlord’s written consent is subject to removal at Tenant’s
expense without notice at any time. In any event Tenant will be liable for any damages or repairs incurred or required as a
result of its installation, use, repair, maintenance or removal of such devices on the roof and agrees to indemnify and hold
harmless Landlord from any liability, loss, damage, cost or expense, including reasonable attorneys’ fees, arising from any
activities of Tenant or of Tenant’s Representatives on the roof of the Building.

 

3.       Signage.
No sign, placard, picture, name, advertisement or notice visible from the exterior of the Premises will be inscribed, painted,
affixed or otherwise displayed by Tenant on or in any part of the Building without the prior written consent of Landlord which
consent may be withheld in Landlord’s sole discretion. Landlord may, at its election and at any time, adopt and furnish Tenant
with general guidelines relating to signs in or on the Building. All signage approved by Landlord shall be inscribed, painted
or affixed in a professional manner and at Tenant’s sole cost and expense and by a contractor approved in advance and in writing
by Landlord.

 

 

	 	Exhibit C, Page 1	 
	 	 	Initials

    	 		Bayshore Standard Lease Form

     

    

 

4.       Prohibited
Uses. The Premises will not be used for manufacturing, for the storage of merchandise held for sale to the general public,
for lodging or for the sale of goods to the general public. Tenant will not permit any food preparation on the Premises except
that Tenant may use Underwriters’ Laboratory approved equipment for brewing coffee, tea, hot chocolate and similar beverages
so long as such use is in accordance with all applicable federal, state and city laws, codes, ordinances, rules and regulations
and provided such activity does not generate odors outside of the Premises. Tenant shall not permit its employees, invitees or
guests to smoke in the Premises or the lobbies, passages, corridors, elevators, vending rooms, rest rooms, stairways or any other
area shared in common with other tenants in the Building. Nor shall the tenant permit its employees, invitees, or guests to loiter
at the Building entrances for the purposes of smoking. Landlord may, but shall not be required to, designate an area for smoking
outside the Building. No vending or dispensing machines of any kind (other than a water and/or soda dispensing machine) may be
maintained in any leased premises without the prior written permission of Landlord. Tenant shall not conduct any activity on or
about the Premises or Building which will draw pickets, demonstrators, or the like. Tenant shall be responsible for and hold Landlord
harmless from any and all delays, damages and extra costs suffered by Landlord as a result of any dispute with any labor unions
concerning the wage, hours, terms or conditions of the employment of any such labor.

 

5.       Janitorial
Services. Tenant will not employ any person for the purpose of cleaning the Premises or permit any person to enter the Building
for such purpose other than Landlord’s janitorial service, except with Landlord’s prior written consent. Tenant will not necessitate,
and will be liable for the cost of, any undue amount of janitorial labor by reason of Tenant’s carelessness in or indifference
to the preservation of good order and cleanliness in the Premises. Janitorial service will not be furnished to areas in the Premises
on nights when such areas are occupied after 9:30 p.m., unless such service is extended by written agreement to a later hour in
specifically designated areas of the Premises.

 

6.       Keys
and Locks. Landlord will furnish Tenant, free of charge, two keys to each door or lock in the Premises. Landlord may make
a reasonable charge for any additional or replacement keys. Tenant will not duplicate any keys, alter any locks or install any
new or additional lock or bolt on any door of its Premises or on any other part of the Building without the prior written consent
of Landlord and, in any event, Tenant will provide Landlord with a key for any such lock. On the termination of the Lease, Tenant
will deliver to Landlord all keys to any locks or doors in the Building which have been obtained by Tenant.

 

7.       Freight.
Upon not less than twenty-four hours prior notice to Landlord, which notice may be oral, an elevator will be made available for
Tenant’s use for transportation of freight, subject to such scheduling as Landlord in its discretion deems appropriate. Tenant
shall not transport freight in loads exceeding the weight limitations of such elevator. Landlord reserves the right to prescribe
the weight, size and position of all equipment, materials, furniture or other property brought into the Building, and no property
will be received in the Building or carried up or down the freight elevator or stairs except during such hours and along such
routes and by such persons as may be designated by Landlord. Landlord reserves the right to require that heavy objects will stand
on wood strips of such length and thickness as is necessary to properly distribute the weight. Landlord will not be responsible
for loss of or damage to any such property from any cause, and Tenant will be liable for all damage or injuries caused by moving
or maintaining such property.

 

 

	 	Exhibit C, Page 2	 

    	 		Bayshore Standard Lease Form

     

    

 

8.       Nuisances
and Dangerous Substances. Tenant will not conduct itself or permit Tenant’s Representatives or Visitors to conduct themselves,
in the Premises or anywhere on or in the Property in a manner which is offensive or unduly annoying to any other Tenant or Landlord’s
property managers. Tenant will not install or operate any phonograph, radio receiver, musical instrument, or television or other
similar device in any part of the Common Areas and shall not operate any such device installed in the Premises in such manner
as to disturb or annoy other tenants of the Building. Tenant will not use or keep in the Premises or the Property any kerosene,
gasoline or other combustible fluid or material other than limited quantities thereof reasonably necessary for the maintenance
of office equipment, or, without Landlord’s prior written approval, use any method of heating or air conditioning other than that
supplied by Landlord. Tenant will not use or keep any foul or noxious gas or substance in the Premises or permit or suffer the
Premises to be occupied or used in a manner offensive or objectionable to Landlord or other occupants of the Building by reason
of noise, odors or vibrations, or interfere in any way with other tenants or those having business therein. Tenant will not bring
or keep any animals in or about the Premises or the Property.

 

9.       Building
Name and Address. Without Landlord’s prior written consent, Tenant will not use the name of the Building in connection with
or in promoting or advertising Tenant’s business except as Tenant’s address.

 

10.    Building
Directory. A directory for the Building will be provided for the display of the name and location of tenants. Landlord reserves
the right to approve any additional names Tenant desires to place in the directory and, if so approved, Landlord may assess a
reasonable charge for adding such additional names.

 

11.    Window
Coverings. No curtains, draperies, blinds, shutters, shades, awnings, screens or other coverings, window ventilators, hangings,
decorations or similar equipment shall be attached to, hung or placed in, or used in or with any window of the Building without
the prior written consent of Landlord, and Landlord shall have the right to control all lighting within the Premises that may
be visible from the exterior of the Building.

 

12.    Floor
Coverings. Tenant will not lay or otherwise affix linoleum, tile, carpet or any other floor covering to the floor of the Premises
in any manner except as approved in writing by Landlord. Tenant will be liable for the cost of repair of any damage resulting
from the violation of this rule or the removal of any floor covering by Tenant or its contractors, employees or invitees.

 

13.    Wiring
and Cabling Installations. Landlord will direct Tenant’s electricians and other vendors as to where and how data, telephone,
and electrical wires and cables are to be installed. No boring or cutting for wires or cables will be allowed without the prior
written consent of Landlord. The location of burglar alarms, smoke detectors, telephones, call boxes and other office equipment
affixed to the Premises shall be subject to the written approval of Landlord.

 

 

	 	Exhibit C, Page 3	 

    	 		Bayshore Standard Lease Form

     

    

 

14.    Office
Closing Procedures. Tenant will see that the doors of the Premises are closed and locked and that all water faucets, water
apparatus and utilities are shut off before Tenant or its employees leave the Premises, so as to prevent waste or damage. Tenant
will be liable for all damage or injuries sustained by other tenants or occupants of the Building or Landlord resulting from Tenant’s
carelessness in this regard or violation of this rule. Tenant will keep the doors to the Building corridors closed at all times
except for ingress and egress.

 

15.    Plumbing
Facilities. The toilet rooms, toilets, urinals, wash bowls and other apparatus shall not be used for any purpose other than
that for which they were constructed and no foreign substance of any kind whatsoever shall be disposed of therein. Tenant will
be liable for any breakage, stoppage or damage resulting from the violation of this rule by Tenant, its employees or invitees.

 

16.    Use
of Hand Trucks. Tenant will not use or permit to be used in the Premises or in the Common Areas any hand trucks, carts or
dollies except those equipped with rubber tires and side guards or such other equipment as Landlord may approve.

 

17.    Refuse.
Tenant shall store all Tenant’s trash and garbage within the Premises or in other facilities designated By Landlord for such purpose.
Tenant shall not place in any trash box or receptacle any material which cannot be disposed of in the ordinary and customary manner
of removing and disposing of trash and garbage in the city in which the Building is located without being in violation of any
law or ordinance governing such disposal. All trash and garbage removal shall be made in accordance with directions issued from
time to time by Landlord, only through such Common Areas provided for such purposes and at such times as Landlord may designate.
Tenant shall comply with the requirements of any recycling program adopted by Landlord for the Building.

 

18.    Soliciting.
Canvassing, peddling, soliciting and distribution of handbills or any other written materials in the Building are prohibited,
and Tenant will cooperate to prevent the same.

 

19.    Parking.
Tenant will use, and cause Tenant’s Representatives and Visitors to use, any parking spaces to which Tenant is entitled under
the Lease in a manner consistent with Landlord’s directional signs and markings in the Parking Facility. Specifically, but without
limitation, Tenant will not park, or permit Tenant’s Representatives or Visitors to park, in a manner that impedes access to and
from the Building or the Parking Facility or that violates space reservations for handicapped drivers registered as such with
the California Department of Motor Vehicles. Landlord may use such reasonable means as may be necessary to enforce the directional
signs and markings in the Parking Facility, including but not limited to towing services, and Landlord will not be liable for
any damage to vehicles towed as a result of noncompliance with such parking regulations.

 

20.    Fire,
Security and Safety Regulations. Tenant will comply with all safety, security, fire protection and evacuation measures and
procedures established by Landlord or any governmental agency.

 

 

	 	Exhibit C, Page 4	 

    	 		Bayshore Standard Lease Form

     

    

 

21.    Responsibility
for Theft. Tenant assumes any and all responsibility for protecting the Premises from theft, robbery and pilferage, which
includes keeping doors locked and other means of entry to the Premises closed.

 

22.    Sales
and Auctions. Tenant will not conduct or permit to be conducted any sale by auction in, upon or from the Premises or elsewhere
in the Property, whether said auction be voluntary, involuntary, pursuant to any assignment for the payment of creditors or pursuant
to any bankruptcy or other insolvency proceeding.

 

23.    Waiver
of Rules. Landlord may waive any one or more of these Building Rules for the benefit of any particular tenant or tenants,
but no such waiver by Landlord will be construed as a waiver of such Building Rules in favor of any other tenant or tenants nor
prevent Landlord from thereafter enforcing these Building Rules against any or all of the tenants of the Building.

 

24.    Effect
on Lease. These Building Rules are in addition to, and shall not be construed to in any way modify or amend, in whole or
in part, the terms, covenants, agreements and conditions of the Lease. In the event of a conflict between the Building Rules
and the remainder of the terms of the Lease, the remainder of the terms of the Lease shall control. Violation of these
Building Rules constitutes a failure to fully perform the provisions of the Lease, as referred to in Section 15.1 - “Events
of Default”.

 

25.    Non-Discriminatory
Enforcement. Subject to the provisions of the Lease (and the provisions of other leases with respect to other tenants), Landlord
shall use reasonable efforts to enforce these Building Rules in a non-discriminatory manner, but in no event shall Landlord have
any liability for any failure or refusal to do so (and Tenant’s sole and exclusive remedy for any such failure or refusal shall
be injunctive relief preventing Landlord from enforcing any of the Building Rules against Tenant in a manner that discriminates
against Tenant).

 

26.    Additional
and Amended Rules. Landlord reserves the right to rescind or amend these Building Rules and/or adopt any other and reasonable
rules and regulations as in its judgment may from time to time be needed for the safety, care and cleanliness of the Building
and for the preservation of good order therein.

 

27.    Crane
and Rigging Operations. For safety purposes, crane or rigging operations are required to be pre-planned so that no
building occupants are working or are allowed under a loaded crane during operation. The only exception to this rule is
trained crane company employees who are responsible for hooking and unhooking the materials to the crane, or who are helping
to guide the materials into position and who are all operating subject to OSHA code compliance. To protect Landlord’s rights
and to insure the safety of all Building occupants, all rigging and crane work at or about the Building must take place
outside of normal Business Hours. All rigging or crane lifts must be scheduled with Landlord no less than fourteen (14) days
prior to the scheduled rigging date and approval is subject to the Landlords ability to reasonably coordinate with tenants
occupying the space below the affected rigging or crane lifting area. To prevent materials from falling, the material must be
rigged using self-closing safety latches. All crane operations, rigging and latching must be done by qualified riggers
or operators operating under full compliance with Federal, State and Local codes.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

  

 

	 	Exhibit C, Page 5	 

    	 		Bayshore Standard Lease Form

     

    

 

EXHIBIT
D

 

ATTACHED
TO AND FORMING A PART OF

LEASE AGREEMENT

DATED AS OF AUGUST 21, 2014

BETWEEN

ECI TWO BAYSHORE LLC, AS LANDLORD,

AND

SYSOREX GLOBAL HOLDINGS CORP., AS TENANT (“LEASE”)

 

ADDITIONAL
PROVISIONS RIDER

 

37.
        PARKING.

 

37.1      
Tenant’s Parking Rights. Landlord shall provide Tenant, on an unassigned and non-exclusive basis, 3.3 parking spaces in
the Parking Facility for each 1,000 rentable square feet of office space leased to Tenant (which based on the rentable square
footage of the Premises as originally described in the Lease, is fourteen (14) parking spaces) for use by Tenant and Tenant’s
Representatives and Visitors, at the users’ sole risk, in the Parking Facility. The parking spaces to be made available to Tenant
hereunder may contain a reasonable mix of spaces for compact cars and up to ten percent (10%) of the unassigned spaces may also
be designated by Landlord as Building visitors’ parking.

 

37.2      

Availability of Parking Spaces. Landlord shall take reasonable actions to ensure the availability of the parking spaces
leased by Tenant, but Landlord does not guarantee the availability of those spaces at all times against the actions of other tenants
of the Building and users of the Parking Facility. Access to the Parking Facility may, at Landlord’s option, be regulated by card,
pass, bumper sticker, decal or other appropriate identification issued by Landlord. Landlord retains the right to revoke the parking
privileges of any user of the Parking Facility who violates the rules and regulations governing use of the Parking Facility (and
Tenant shall be responsible for causing any employee of Tenant or other person using parking spaces allocated to Tenant to comply
with all parking rules and regulations).

 

37.3       

Assignment and Subletting. Notwithstanding any other provision of this Lease to the contrary, and except with respect to
a Permitted Transferee, Tenant shall not assign its rights to the parking spaces or any interest therein, or sublease or otherwise
allow the use of all or any part of the parking spaces to or by any other person, except (i) to a Permitted Transferee, or (ii)
with Landlord’s prior written consent, which may be granted or withheld by Landlord in its sole discretion. In the event of any
separate assignment or sublease of parking space rights that is approved by Landlord, Landlord shall be entitled to receive, as
additional Rent hereunder, one hundred percent (100%) of any profit received by Tenant in connection with such assignment or sublease.

 

 

	 	Exhibit D, Page 1	 
	 	 	Initials

    	 		Bayshore Standard Lease Form

     

    

 

37.4       
 Condemnation,
Damage or Destruction. In the event the Parking Facility is the subject of a Condemnation, or is damaged or destroyed,
and the Lease is not terminated, and if in such event the available number of parking spaces in the Parking Facility is
permanently reduced, then Tenant’s rights to use parking spaces hereunder may, at the election of Landlord, thereafter be
reduced in proportion to the reduction of the total number of parking spaces in the Parking Facility. In such event, Landlord
reserves the right to reduce the number of parking spaces to which Tenant is entitled or to relocate some or all of the
parking spaces to which Tenant is entitled to other areas in the Parking Facility.

 

38.       EXTENSION
OPTION.Provided that Sysorex Global Holdings Corp. has not assigned this Lease (except to a Peimitted Transferee pursuant
to a Permitted Transfer) or sublet any or all of the Premises (it being intended that all rights pursuant to this provision are
and shall be personal to the original Tenant under this Lease and any Permitted Transferee which is an assignee pursuant to a
Permitted Transfer and shall not otherwise be transferable or exercisable for the benefit of any Transferee), and provided Tenant
is not in default beyond any applicable notice and cure periods under this Lease at the time of exercise or at any time thereafter
until the beginning of such extension of the Term, Tenant shall have the option (the “Extension Option”) to extend
the Term for one (1) additional consecutive period of three (3) years (the “Extension Period”), by giving written
notice to Landlord of the exercise of such Extension Option at least nine (9) months, but not more than twelve (12) months, prior
to the expiration of the initial Term. The exercise of the Extension Option by Tenant shall be irrevocable and shall cover the
entire Premises leased by Tenant pursuant to this Lease. Upon such exercise, the term of the Lease shall automatically be extended
for the Extension Period without the execution of any further instrument by the parties; provided that Landlord and Tenant shall,
if requested by either party, execute and acknowledge an instrument confirming the exercise of the Extension Option. The Extension
Option shall terminate if not exercised precisely in the manner provided herein. Any extension of the Term shall be upon all the
terms and conditions set forth in this Lease and all Exhibits thereto, except that: (i) Tenant shall have no further option to
extend the Term of the Lease; (ii) Landlord shall not be obligated to contribute funds toward the cost of any remodeling, renovation,
alteration or improvement work in the Premises; (iii) Landlord shall not be obligated to pay any fee or commission to any broker;
and (iv) Base Rent for the Extension Period shall be the then Fair Market Base Rental (as defined below) for the Premises for
the space and term involved, which shall be determined as set forth below.

 

38.1
     
“Fair Market Base Rental” shall mean the “fair market” Base Rent at the time or times in question for
the applicable space in the Building, based on the prevailing rentals then being charged to tenants in the Building and tenants
in other office buildings in the general vicinity of the Building of comparable location and quality as the Building, for leases
with terms approximately equal to the term for which Fair Market Base Rental is being determined, taking into account: the desirability,
location in the building, size and quality of the space, including interior finishes and other tenant improvements; included services
and related operating expenses and tax and expense stops or other escalation clauses; and any other special rights of Tenant under
this Lease in comparison to typical market leases (e.g. for parking, signage, and extension or expansion options). Fair Market
Base Rental shall also reflect the then prevailing rental structure for comparable office buildings in the general vicinity of
the Building, so that if, for example, at the time Fair Market Base Rental is being determined the prevailing rental structure
includes periodic rental adjustments or escalations, Fair Market Base Rental shall reflect such rental structure.

 

 

	 	Exhibit D, Page 2	 

    	 		Bayshore Standard Lease Form

     

    

 

38.2       

Landlord and Tenant shall endeavor to agree upon the Fair Market Base Rental. If they are unable to so agree within thirty (30)
days after receipt by Landlord of Tenant’s notice of exercise of the Extension Option, Landlord and Tenant shall mutually select
a licensed real estate broker who is active in the leasing of office space in the general vicinity of the Property. Landlord shall
submit Landlord’s determination of Fair Market Base Rental and Tenant shall submit Tenant’s determination of Fair Market Base
Rental to such broker, at such time or times and in such manner as Landlord and Tenant shall agree (or as directed by the broker
if Landlord and Tenant do not promptly agree). The broker shall select either Landlord’s or Tenant’s determination as the Fair
Market Base Rental, and such determination shall be binding on Landlord and Tenant. If Tenant’s determination is selected as the
Fair Market Base Rental, then Landlord shall bear all of the broker’s cost and fees. If Landlord’s determination is selected as
the Fair Market Base Rental, then Tenant shall bear all of the broker’s cost and fees.

 

38.3
       In the event the Fair Market Base Rental for the Extension Period has not been determined at such time as Tenant is obligated
to pay Base Rent for the Extension Period, Tenant shall pay as Base Rent pending such determination, the Base Rent in effect for
such space immediately prior to the Extension Period; provided, that upon the determination of the applicable Fair Market Base
Rental, any shortage of Base Rent paid, together with interest at the rate specified in the Lease, shall be paid to Landlord by
Tenant.

 

38.4       

In no event shall the Base Rent during the Extension Period be less than the Base Rent in effect immediately prior to such Extension
Period.

 

38.5       

The term of this Lease, whether consisting of the Initial Term alone or the Initial Term as extended by the Extension Period (if
the Extension Option is exercised), is referred to in this Lease as the “Term.”

 

38.6       

Notwithstanding anything herein to the contrary, the Extension Option is subject and subordinate to the expansion rights (whether
such rights are designated as a right of first offer, right of first refusal, expansion option or otherwise) of any tenant of
the Building existing on the date hereof

 

39.           SIGNAGE.
Landlord shall provide and install, at Landlord’s sole cost and expense, the initial signage for Tenant in the Building
directory and at the entry to the Premises. Such signage (and any replacement or modification thereof) shall consist of Building
standard materials and shall comply with Landlord’s then current Building specifications. Any required maintenance, repair or
changes (which changes shall be subject to Landlord’s prior written approval) to such signage shall be performed by Landlord at
Tenant’s sole cost and expense, which costs shall be paid to Landlord within thirty (30) days of Landlord’s demand. At Landlord’s
option, upon the expiration or earlier termination of this Lease, Tenant shall, at Tenant’s sole cost and expense, remove any
such signage and repair any damage to the Building caused by such signage.

 

 

	 	Exhibit D, Page 3	 

 

Bayshore Standard Lease Form

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