Document:

EX-10.16

 Exhibit 10.16 

EXECUTION VERSION 
 SECURITY ASSIGNMENT AGREEMENT

 (SICHERUNGSZESSIONSVERTRAG) 

dated 2 October 2019 

between 
 Allego GmbH 

as Assignor 
 and 

Société Générale 

as Security Agent 
  

 
 Ref: L-277024/MTS/FNR 

Linklaters LLP 

 THIS SECURITY ASSIGNMENT AGREEMENT (the “Agreement”) is dated 2 October 2019 and made
between: 
  

	(1)	 Allego GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung)
incorporated under the laws of Germany, having its registered seat at Stralauer Platz 34, 10243 Berlin, Germany and registered in the commercial register (Handelsregister) of the local court (Amtsgericht) of Charlottenburg under HRB
155351 B, as assignor (the “Assignor”); and 

  

	(2)	 Société Générale, a société anonyme incorporated under
the laws of France, having its registered seat located at 29 boulevard Haussmann, 75009 Paris, France and registered with the trade and companies registry (registre du commerce et des sociétés) of Paris under number 552 120 222,
as assignee (the “Security Agent”). 

 The Assignor and the Security Agent are hereinafter referred to as the
“Parties”, and each a “Party”. 
 Preamble 

 

	(A)	 By a facility agreement dated 27 May 2019, as amended, modified or supplemented from time to time
(including, but not limited, by way of amendment letters dated 26 June 2019 and 28 August 2019) (the “Facility Agreement”), Société Générale as agent, Kommunalkredit Austria AG and
Société Générale as mandated lead arrangers, the Security Agent as security agent and the lenders named therein (together the “Finance Parties”) have agreed to provide to Allego B.V. and Allego
Innovations B.V as borrowers (the “Borrowers”) a term loan facility in the aggregate amount of EUR 150,000,000 (including the option to increase the total commitments by an EUR 30,000,000 accordion facility (the
“Accordion Increase Option”)),such facility being guaranteed by Allego Holding Holding B.V. and the Borrowers as original guarantors (the “Original Guarantors”, and together with the Borrowers and any future
borrower and/or future guarantor acceding to the Facility Agreement in any such capacity, the “Obligors”). 

  

	(B)	 On 27 May 2019, inter alios, the Finance Parties, Opera Charging B.V. as parent, Madeleine Charging
B.V. as subordinated creditor and the Borrowers as original debtors have entered into an intercreditor agreement regarding their respective claims under the Facility Agreement (the “Intercreditor Agreement”). 

 

	(C)	 On 27 May 2019, the Original Guarantors as debtors and the Security Agent as agent and security agent have
entered into a parallel debt agreement (the “Parallel Debt Agreement”), the terms of which provide for a separate and independent obligation of any Obligor to pay to the Security Agent an amount which will be equal at any
time to the aggregate of all amounts owed at such time by that Obligor under the Secured Documents (as defined below) to any Finance Party. 

The Parallel Debt Agreement, the Facility Agreement, the Intercreditor Agreement, any fee letter, any accession letter, each utilisation
request, any resignation letter, each security document entered into in connection with the Facility Agreement and any other document entered into in connection with the afore-mentioned documents are together referred to as the “Secured
Documents”. 
  

	(D)	 Under an accession deed dated on or about the date of this Agreement, the Assignor has acceded to the Facility
Agreement as additional guarantor and to the Intercreditor Agreement and the Parallel Debt Agreement as additional debtor. 

  

					
	    	  	 	  	 

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	(E)	 It is a condition precedent under the Facility Agreement to the Finance Parties making the credit facility
available to the Borrowers that the Assignor enters into this Agreement. 

  

	(F)	 It is the intention of the Assignor to secure all claims of the Finance Parties under the Secured Documents by
way of an assignment for security of certain receivables. 

  

	(G)	 The Security Agent will hold and administer the security created under this Agreement for the benefit of the
Finance Parties subject to the terms of the Intercreditor Agreement. 

 It is agreed as follows: 

Capitalised terms used herein and not otherwise defined shall have the meaning assigned to them in the Facility Agreement or the Intercreditor Agreement, as
the case may be. 
 In this Agreement 
 “Material
Commercial Agreements” means each commercial agreement between the Assignor and a third-party as set out in Annex 1 (List of Material Commercial Agreements) of this Agreement and as notified to the Security Agent pursuant to Clause
6.1 (Semi-annually Reports) in relation to the Group’s core business which is generating annual revenues (individually per contract) of more than EUR 3,000,000 per Financial Year or lifetime revenues (individually per contract) of more
than EUR 10,000,000. 
 “Structural Intercompany Loan” means any intercompany loan(s) made available from time to time by the Assignor to
any of its Subsidiaries as set out in Annex 2 (List of Structural Intercompany Loans) and as notified to the Security Agent pursuant to Clause 6.1 (Semi-annually Reports) for an individual amount or aggregate amount of more than: 

 

	(a)	 in relation to any intercompany loan(s) made to any such Subsidiary on or before 31 December 2019, EUR
3,000,000 (individually or in aggregate); and 

  

	(b)	 in relation to any intercompany loan(s) made to any such Subsidiary thereafter, EUR 2,000,000 (individually or
in aggregate). 

  

	1	 Assignment 

  

	1.1	 Assignment of Receivables 

In order to secure all claims of the Finance Parties as described in Clause 1.6 (Secured Claims) below, the Assignor hereby assigns for
security purposes (Sicherungsabtretung) to the Security Agent for the Finance Parties: 
  

	 	1.1.1	 all present and future rights and monetary claims of the Assignor arising from the delivery of goods and
rendering of services including any service fee receivables and development fee receivables against its customers arising under any Material Commercial Agreements; and 

 

	 	1.1.2	 all present and future rights and claims of the Assignor against any of its Subsidiaries arising under or in
connection with Structural Intercompany Loans. 

  

	1.2	 Current accounts 

  

	 	1.2.1	 If there is a genuine or non-genuine current account relationship
(echtes oder unechtes Kontokorrentverhältnis) between the Assignor and any third party debtor relating to the claims assigned under Clause 1.1 (Assignment of Receivables) or if such relationship is entered into at any time
after the date of this Agreement, the Assignor hereby assigns to the Security Agent (i) its right to terminate such current account relationship and (ii) the right to determine the present balance. 

  

					
	    	  	 	  	 

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	 	1.2.2	 The Assignor shall be authorised to exercise these rights alone, subject to the provisions of this Agreement,
unless and until the Security Agent revokes such authorisation. 

  

	 	1.2.3	 The Security Agent may revoke such authorisation and exercise the rights referred to above under the same
conditions under which it may revoke the authorisation under Clause 2.1 (Authorisation to collect) in accordance with Clause 2.3 (Revocation). 

  

	1.3	 Payment by cheque or bill of exchange 

If a payment in respect of any of the claims assigned under Clause 1.1 (Assignment of Receivables) is rendered by way of cheque
(Scheck) or bill of exchange (Wechsel), the Assignor hereby assigns to the Security Agent for security purposes all rights and claims arising from that cheque or bill of exchange. Physical delivery of such cheque or bill of
exchange shall be replaced by the Assignor’s obligation to hold it in safe custody (Verwahrung) for the Security Agent or, if the Assignor does not obtain actual possession of such cheque or bill of exchange, the Assignor hereby assigns
to the Security Agent its right to physical delivery against a third party (Abtretung des Herausgabeanspruches) in respect of that cheque or bill of exchange. 
  

	1.4	 Retention of title 

  

	 	1.4.1	 If any claims assigned under Clause 1.1 (Assignment of Receivables) are subject to an extended retention
of title arrangement (verlängerter Eigentumsvorbehalt) the assignment of such claims shall become effective only upon the expiration of such extended retention of title arrangement. If any claims assigned under Clause 1.1 (Assignment
of Receivables) are only partly subject to an extended retention of title agreement only the assignment of the part that is subject to the extended retention of title agreement shall become effective only upon the expiration of such extended
retention of title arrangement, whereas the assignment of the part that is not subject to the extended retention of title agreement shall become effective in accordance with Clause 1.8 (Effect) of this Agreement. 

 

	 	1.4.2	 The Assignor assigns to the Security Agent all claims for re-assignment
of claims assigned to a supplier in connection with such an extended retention of title agreement together with any possible inchoate right (Anwartschaftsrecht) with respect to the assignment of claims assigned under Clause 1.1 (Assignment
of Receivables) which is subject to a dissolving condition (auflösende Bedingung). The Assignor also assigns to the Security Agent all claims to the transfer of proceeds paid out to the supplier and all rights in connection
thereto. The Security Agent is authorised but not obliged to discharge the extended retention of title arrangement in paying the relevant amount to the respective supplier. 

All present claims assigned under Clause 1.1 (Assignment of Receivables), Clause 1.2 (Current accounts), Clause 1.3 (Payment
by cheque or bill of exchange) or Clause 1.4 (Retention of title) are referred to hereinafter as the “Present Receivables”, all future claims assigned under Clause 1.1 (Assignment of Receivables), Clause 1.2
(Current accounts), Clause 1.3 (Payment by cheque or bill of exchange) or Clause 1.4 (Retention of title) are referred to hereinafter as the “Future Receivables”. Together, the Present Receivables and the
Future Receivables are hereinafter referred to as the “Receivables”. 

  

					
	    	  	 	  	 

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	1.5	 Ancillary rights 

The assignment of Receivables extends to ancillary rights and claims to and substitutes (surrogate) for any of the Receivables, as well as any
right deriving from the underlying contractual or other relationship on which such Receivable is based including without limitation to unilateral rights (Gestaltungsrechte) of the Assignor. To the extent that any such ancillary rights are not
assignable as a matter of law, the Assignor hereby grants power of attorney to the Security Agent to exercise these rights upon the occurrence of an Enforcement Event (as defined in Clause 7.1 (Enforcement Event) below). 

 

	1.6	 Secured Claims 

  

	 	1.6.1	 The assignment of Receivables under this Agreement and every other transferred right under this Agreement shall
secure all present and future claims (including conditional (bedingt) and time-limited (befristet) claims) of the Finance Parties against any Obligor arising: 

 

	 	(i)	 under the Secured Documents; 

 

	 	(ii)	 under the Secured Documents each as increased (including by way of increase of the margin or existing
facilities or by including new facilities (including by way of the Accordion Increase Option)) or extended (in particular by way of extension of the maturity) from time to time; and 

 

	 	(iii)	 in connection with the Secured Documents (including by way of increase of the margin or existing facilities or
by including new facilities) or extended (in particular by way of extension of the maturity) from time to time). 

  

	 	1.6.2	 The claims described in paragraph 1.6.1 above are hereinafter referred to as the “Secured
Claims”. The Secured Claims shall include in particular any claims for the payment of principal, interest, costs, fees and damages based on contract, unjust enrichment (ungerechtfertigte Bereicherung) or tort (Delikt).

  

	1.7	 Acceptance of assignment 

The Security Agent hereby accepts the assignment of the Receivables. 
  

	1.8	 Effect 

The Present Receivables shall pass to the Security Agent upon the conclusion of this Agreement. Each Future Receivable shall pass to the
Security Agent on the date on which such Future Receivable comes into existence. 
  

	2	 Authorisation to collect, disposal of Receivables 

 

	2.1	 Authorisation to collect 

The Security Agent hereby authorises the Assignor to collect the Receivables within the Assignor’s ordinary course of business
(gewöhnlicher Geschäftsbetrieb) and with the care of a prudent businessman (Sorgfalt eines ordentlichen Kaufmanns), as well as to take all necessary measures related thereto either itself or through any reputable collection
agency. 

  

					
	    	  	 	  	 

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	2.2	 Authorisation to disposal of Receivables (Factoring) 

Subject to Clause 2.3 (Revocation) below, the Assignor shall be free to sell or dispose of the Receivables: 

 

	 	2.2.1	 pursuant to a factoring agreement on a non-recourse basis (echtes
Factoring); or 

  

	 	2.2.2	 pursuant to a factoring agreement on a recourse basis (unechtes Factoring). 

For the avoidance of doubt, the authorisation of the Assignor set out in this Clause 2.2 (Authorisation to Disposal of Receivables
(Factoring)) is an authorisation to dispose within the meaning of § 185 of the German Civil Code (Bürgerliches Gesetzbuch – “BGB”) (Ermächtigung aufgrund Einwilligung des Berechtigten). 

 

	2.3	 Revocation 

The Security Agent may revoke the authorisation under Clause 2.1 (Authorisation to collect) and Clause 2.2 (Authorisation to disposal
of Receivables (Factoring)) upon the occurrence of an Enforcement Event (as defined in Clause 7.1 (Enforcement Event) below). 
  

	3	 Notification of assignments 

 

	3.1	 Promptly, and in any event not later than 10 business days after execution of this Agreement, the Assignor will
deliver to the Security Agent three (3) blank notice forms duly signed by an authorised signatory of the Assignor who is registered as director (Geschäftsführer) of the Assignor in the commercial register substantially in the
form attached hereto as Annex 3 (Form of Blank Notice) on its own letterhead to allow notification of the assignment of Receivables to the respective third party debtors of the Receivables (the “Debtors”) in accordance with
Clause 7.2.1 (Collection) below. 

  

	3.2	 The Security Agent is hereby irrevocably authorised to prepare photocopies of that form, complete that form or
photocopy by including addresses, invoice numbers, amounts and other details and to use such form to notify any Debtor. 

  

	3.3	 The right of the Security Agent to effect the notification in any other way remains unaffected.

  

	4	 Representations 

The Assignor represents to the Security Agent that: 
  

	4.1	 all Present Receivables are governed by German law; and 

 

	4.2	 all information included in this Agreement regarding the Present Receivables and the Assignor is correct and
complete. 

  

	5	 Undertakings 

The Assignor undertakes: 
  

	5.1	 not to assign or transfer in any other way any of the Future Receivables to a third party unless so required
under an extended retention of title agreement (verlängerter Eigentumsvorbehalt) in the ordinary course of the Assignor’s business; 

  

					
	    	  	 	  	 

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	5.2	 not to take, or participate in, any action or omit to take any action which impairs, or which would for any
other reason be inconsistent with, the security interest of the Security Agent or the security purpose as described in Clause 1.6 (Secured Claims) or which would have an adverse effect on the rights of the Security Agent under this Agreement;

  

	5.3	 not to agree to any other agreement adversely affecting the assignability of any of the Receivables or that
will subject any of the Receivables to any law other than German law; and 

  

	5.4	 to the extent collateral has been provided as security for the Receivables (including any retention right
(Eigentumsvorbehalt) of the Assignor) which will not be acquired by the Security Agent by operation of law, to transfer any such collateral to the Security Agent promptly upon request of the Security Agent. 

 

	6	 Information 

  

	6.1	 Semi-annually Reports 

 

	 	6.1.1	 The Assignor shall no later than 15 Business Days after the last day of each calendar half-year (being
30 June and 31 December) or upon reasonable request of the Security Agent at more regular intervals upon the occurrence of an Event of Default provide to the Security Agent a list of all Receivables outstanding as at the last day of the period
to which such list relates (the “Reports”). 

  

	 	6.1.2	 Unless otherwise agreed between the Assignor and the Security Agent, the Reports must be in the form of Annex 1
(List of Material Commercial Agreements) and Annex 2 (List of Structural Intercompany Loans) of this agreement and include the name and address of all of the Debtors, the amount owed by each Debtor and the date of the underlying
Material Commercial Agreement or Structural Intercompany Loan, as the case may be, and the due date with regard to each Receivable. 

  

	 	6.1.3	 For the avoidance of doubt, the assignment of Receivables under this Agreement shall be effective irrespective
of whether the relevant Receivable has been included or accurately described in a Report. 

  

	6.2	 Data processing services 

 

	 	6.2.1	 If the Assignor has entered into a contract for bookkeeping or data processing services relating to the
Receivables with a third party (the “Service Provider”), the Assignor will either ensure that the information kept or processed by the Service Provider is included in the Reports or that the Service Provider submits the complete
Reports to the Security Agent to satisfy the Assignor’s obligations under Clause 6.1 (Quarterly Reports) on behalf and at the expense of the Assignor. 

 

	 	6.2.2	 The Assignor hereby authorises the Security Agent to request any information in respect of the Receivables from
the Service Provider directly. The Assignor will instruct the Service Provider, by presenting a copy of this Agreement, to comply with any information request by the Security Agent at the cost of the Assignor. 

 

	6.3	 Information on request 

Promptly upon reasonable request of the Security Agent, the Assignor will provide to the Security Agent all necessary information and proof and
will hand over any document relating to Receivables necessary or expedient to exercise the Security Agent’s rights under this Agreement. The Security Agent will treat such information as confidential. 

  

					
	    	  	 	  	 

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	6.4	 Information in electronic form 

The Assignor will be entitled to fulfil its information obligations under Clause 6.1 (Quarterly Reports), 6.2 (Data processing
services) and 6.3 (Information on request) above by providing information in electronic form, provided that such information can be read with the Security Agent’s standard office software. 

 

	6.5	 Information on attachment 

The Assignor will promptly inform the Security Agent in writing if the Security Agent’s rights under this Agreement are endangered by
attachment (Pfändung) or if any other circumstances arise which might materially impair the rights of the Security Agent. In the event of an attachment, the Assignor will promptly (unverzüglich) forward to the Security Agent
a copy of the attachment order (Pfändungsbeschluss), any transfer order (Überweisungsbeschluss) and all other documents necessary for a defence against the attachment. The Assignor will promptly inform the attaching creditor
(Pfändungsgläubiger) or other third party in writing of the Security Agent’s rights under this Agreement. 
  

	7	 Enforcement 

  

	7.1	 Enforcement Event 

If (i) the Secured Claims become due and payable in whole or in part and (ii) a Major Default has occurred or an acceleration notice
under the Facility Agreement has been submitted to any Borrower or the Secured Claims become due and payable in whole or in part by operation of law in the event of the opening of insolvency proceedings in respect of a Borrower, (an
“Enforcement Event”), the Security Agent is entitled to enforce its rights under this Agreement. 
  

	7.2	 Procedure 

  

	 	7.2.1	 Collection 

  

	 	(i)	 Upon the occurrence of an Enforcement Event, the Security Agent shall be entitled to collect the Receivables by
notifying the Debtors of the assignment of the Receivables under this Agreement and instructing them to pay to a designated account by the notice provided to it in accordance with Clause 3 (Notification of assignments) (or a copy thereof).

  

	 	(ii)	 Upon request of the Security Agent, the Assignor shall collect the Receivables on behalf of the Security Agent.
The Security Agent has the right to instruct the Assignor to pay proceeds of collection to an account of the Security Agent, to procure that the Debtors pay directly to an account of the Security Agent or otherwise direct the manner of collection as
the Security Agent deems appropriate. 

  

	 	7.2.2	 Notification of enforcement 

The Security Agent shall notify the Assignor seven (7) calendar days prior to any enforcement of the Receivables unless: 

 

	 	(i)	 the Assignor or any of the Obligors generally has ceased to make payments (Zahlungseinstellung); or

  

					
	    	  	 	  	 

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	 	(ii)	 an application has been filed for the opening of insolvency proceedings (Antrag auf Eröffnung eines
Insolvenzverfahrens) over the assets of the Assignor or any of the Obligors, 

 in which cases no notification of the
Assignor will be required. 
  

	7.3	 Selection 

The Security Agent may, at its sole discretion, determine which of several security interests (persönliche oder dingliche
Sicherheiten), created under this Agreement or other agreements shall be realised to satisfy the Secured Claims. 
  

	7.4	 Assistance 

The Assignor will render all assistance which the Security Agent considers necessary or expedient in order to facilitate the enforcement of the
Receivables in the event the Security Agent seeks the enforcement of the Receivables in accordance with the terms of this Agreement and the statutory provisions. 
  

	7.5	 Dealing with Debtors 

The Security Agent shall be entitled to enter into such agreements and take other steps with any of the respective Debtors as the Security
Agent considers necessary and, in particular, shall be entitled to accept deferred payments and discounts and to enter into compromises or arrangements with any of the Debtors. 

 

	7.6	 Application of proceeds 

The Security Agent will use any proceeds received from any enforcement of the Receivables for the settlement of the Secured Claims. Any amount
exceeding the Secured Claims will be paid to the Assignor upon complete and irrevocable satisfaction of all Secured Claims. 
  

	7.7	 Recourse claims 

The Assignor undertakes vis-à-vis the Security Agent not
to seek satisfaction for any recourse claim it may have against any Obligor as a result of the enforcement of the assignment under this Agreement or any payment made by the Assignor in respect of any Secured Claims unless and until all Secured
Claims have been fully and finally discharged. 
  

	7.8	 Limitation on enforcement 

Notwithstanding anything to the contrary in this Clause 7(Enforcement), the liability of a Assignor incorporated or established in
Germany as a limited liability company (GmbH) or a limited partnership with a limited liability company as its general partner (GmbH & Co. KG) (a “German Assignor”) in its capacity as Assignor
shall be subject to the following: 
 In this Clause 7.8 (Limitation on enforcement) 

“Net Assets” means an amount equal to the sum of the amounts of a German Assignor’s (or, in case of a GmbH & Co.
KG, its general partner’s) assets (consisting of all assets which correspond to the items set forth in section 266 para 2 A, B, C, D and E of the German Commercial Code (Handelsgesetzbuch – HGB)) less the aggregate amount of such
German Assignor’s (or, in case of a GmbH & Co. KG, its general partner’s) liabilities (consisting of all liabilities and liability reserves which correspond to the items set forth in section 266 para 3 B, C, D and E HGB), save
that any obligations (Verbindlichkeiten) of the German Assignor (and, in case of a GmbH & Co. KG, of its general partner) 

  

					
	    	  	 	  	 

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	 	(i)	 owing to any member of the Group or any other affiliated company which are subordinated by law or by contract
to any Financial Indebtedness outstanding under the Secured Documents (including, for the avoidance of doubt, obligations that would in an insolvency be subordinated pursuant to section 39 para. 1 no 5 or section 39 para 2 of the German Insolvency
Code (Insolvenzordnung)) and including obligations under guarantees for obligations which are so subordinated; and/or 

  

	 	(ii)	 incurred in violation of any of the provisions of the Secured Documents, 

shall be disregarded. 
 The Net
Assets shall be determined in accordance with the generally accepted accounting principles applicable from time to time in Germany (Grundsätze ordnungsmäßiger Buchführung) and be based on the same principles
that were applied by a German Assignor (or, in case of a GmbH & Co. KG, its general partner) in the preparation of its most recent annual balance sheet (Jahresbilanz). 

“Protected Capital” means in relation to a German Assignor the aggregate amount of: 

 

	 	(i)	 its (or, where the German Assignor is a GmbH & Co. KG, its general partner’s) share capital
(Stammkapital) as registered in the commercial register (Handelsregister) provided that any increase registered after the date of this Agreement shall (x) not be taken into account unless such increase has been effected with the
prior written consent of the Security Agent (even if such increase is permitted under any of the Secured Documents) and (y) otherwise be taken into account only to the extent it is fully paid up; and 

 

	 	(ii)	 its (or when applicable where the relevant German Assignor is a GmbH & Co. KG, its general
partner’s) amount of profits (Gewinne) or reserves (Rücklagen) which are not available for distribution to its shareholder(s) in accordance with section 268 para 8 HGB. 

“Up-stream and/or Cross-stream Security” means any security by way of assignment of
Receivables if and to the extent the assignment secures the obligations of an Obligor which is a shareholder of a German Assignor (and/or, in the case of a GmbH & Co. KG, of its general partner) or an affiliated company (verbundenes
Unternehmen) of such shareholder within the meaning of section 16, 17 or 18 of the German Stock Corporation Act (Aktiengesetz) (other than the German Assignor and its Subsidiaries and, in the case of a GmbH & Co. KG, the general
partner and its Subsidiaries), provided that it shall not constitute an Up-stream or Cross-stream Security if and to the extent the assignment of Receivables secure amounts outstanding under any Secured
Document in relation to any funds or financial accommodation made available under such Secured Document to or at the request of any Borrower and on-lent or otherwise passed on to, or issued for the benefit of,
a German Assignor or any of its Subsidiaries (and, where a German Assignor is a GmbH & Co. KG, to, or for the benefit of, its general partner or any of its Subsidiaries) and outstanding from time to time, provided that the Security Agent
has waived with binding effect on the Finance Parties any provision of any Secured Document restricting the right to set-off (aufrechnen; verrechnen) any recourse, indemnification, sharing of losses or
other compensation claim against such lending member of the Group which the German Assignor may have with its loan obligation towards such lending member of the Group, in order and to the extent required to allow for the settlement or discharge of
such loan obligation arising out of the on-lending vis-à-vis such lending member of the Group. 

  

					
	    	  	 	  	 

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	 	7.8.1	 This Clause 7.8 (Limitation on enforcement) applies if and to the extent the assignment of Receivables
is made by a German Assignor and is an Up-stream and/or Cross-stream Security. 

  

	 	7.8.2	 The Security Agent agrees that the enforcement of the assignment of Receivables made by a German Assignor shall
be limited if and to the extent that: 

  

	 	(i)	 the assignment constitutes an Up-stream and/or Cross-stream Security;
and 

  

	 	(ii)	 the enforcement of the assignment would otherwise 

 

	 	(a)	 have the effect of reducing the relevant German Assignor’s (or, where the German Assignor is a
GmbH & Co. KG, its general partner’s) Net Assets to an amount that is lower than the amount of its (or, in the case of a GmbH & Co. KG, its general partner’s) Protected Capital or, if the amount of the Net Assets is
already lower than the amount of its (or, in the case of a GmbH & Co. KG, its general partner’s) Protected Capital, cause the Net Assets to be further reduced; and 

 

	 	(b)	 thereby give rise to a violation of the capital maintenance requirement as set out in section 30 para. 1 of the
German Limited Liability Companies Act (Gesetz betreffend die Gesellschaften mit beschränkter Haftung), 

provided that the relevant German Assignor has complied with its obligation to deliver the Management Determination (as defined below)
and the Auditor’s Determination (as defined below), in each case together with an up-to-date balance sheet, in accordance with the requirements set out in
paragraphs 7.8.3 and 7.8.4 below. 
  

	 	7.8.3	 Within 10 Business Days after the notification of enforcement pursuant to Clause 7.2.2 (Notofication of
enforcement) above by the Security Agent, the relevant German Assignor shall provide a certificate signed by its managing director(s) (Geschäftsführer) confirming in writing (x) if and to what extent the enforcement is an Up-stream and/or Cross-stream Security and (y) whether an enforcement of the assignment would have the effects referred to in paragraph 7.8.2(ii) above (the “Management Determination”). Such
confirmation shall comprise an up-to-date balance sheet of the German Assignor (and, in the case of a GmbH & Co. KG, its general partner) and a detailed
calculation, based on the provisions of this Agreement, of the amount of the Net Assets and the Protected Capital of the German Assignor (or, in the case of a GmbH & Co. KG, its general partner). The enforcement of the assignment shall be
unlimited up to an amount which, pursuant to the Management Determination, would not cause the effects set out in paragraph 7.8.2(ii) above (irrespective of whether or not the Security Agent agrees with the Management Determination).

  

	 	7.8.4	 If the Security Agent (acting on the instructions of the Majority Lenders) disagrees with the Management
Determination, it may within twenty (20) Business Days of its receipt request the relevant German Assignor to deliver, at the German Assignor’s own cost and expense, within 25 Business Days of such request an
up-to-date balance sheet of the German Assignor (and, in the case of a GmbH & Co. KG, of 

  

					
		  	 	  	 

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 its general partner), drawn-up by a firm of
auditors appointed by the German Assignor in consultation with the Security Agent, together with (x) a detailed calculation, based on the provisions of this Agreement, of the amount of the Net Assets and the Protected Capital of the German
Assignor (or, in the case of a GmbH & Co. KG, its general partner) (the “Auditor’s Determination”), (y) a confirmation if and to what extent the enforcement of the assignment is an
Up-stream and/or Cross-stream Security and (z) whether an enforcement of the assignment would had the effects referred to in paragraph 7.8.2(ii) above. The enforcement of the assignment shall be unlimited
up to an amount which, pursuant to the Auditor’s Determination, would not cause the effects set out in paragraph 7.8.2(ii) above. 
  

	 	7.8.5	 If the amount being enforceable pursuant to the Auditor’s Determination is lower than the amount being
enforceable pursuant to the Management Determination and, if and to the extent that the assignment of Receivables has been enforced up to the amount set out in the Management Determination, the Security Agent shall upon written demand by the German
Assignor to the Security Agent repay any proceeds from the enforcement of the assignment already received by the Security Agent to the German Assignor in an amount equal to the difference between the amount enforceable pursuant to the Management
Determination and the amount enforceable pursuant to the Auditor’s Determination, provided that such demand for repayment is made by the relevant German Assignor to the Security Agent within one month after the Auditor’s Determination has
been delivered as required by Clause 7.8.3 above. 

  

	 	7.8.6	 The limitation in Clause 7.8.2 above shall not apply if: 

 

	 	(i)	 a domination and/or profit and loss pooling agreement
(Beherrschungs-und/oder Gewinnabführungsvertrag) is in force between the German Assignor (with the German Assignor as dominated entity) and the relevant primary obligor or a holding company
of the relevant primary obligor (or an uninterrupted chain of domination agreements in force between the German Assignor (with the German Assignor as dominated entity) and the relevant primary obligor or a holding company of the relevant primary
obligor) whose obligations and liabilities are secured, except where the existence of such domination and/or profit and loss agreement does not prevent the assertion or enforcement of the assignment of Receivables from having the effects referred to
in paragraph 7.8.2(ii) above; or 

  

	 	(ii)	 if and to the extent that the relevant German Assignor has a fully recoverable recourse claim
(Gegenleistungs- und Rückgewähranspruch). 

  

	 	7.8.7	 No reduction of the amount enforceable pursuant to this Clause 7.8 (Limitation on enforcement) will
prejudice the right of the Security Agent to continue to enforce the assignment of Receivables (subject always to the operation of the limitations set out above at the time of such enforcement) until full satisfaction of the claims secured.

  

	8	 Release of security interest upon satisfaction of Secured Claims 

Upon complete and irrevocable satisfaction of the Secured Claims, the Security Agent will (at the Assignor’s costs) reassign the
Receivables to the Assignor and will surrender the excess proceeds (Übererlöse), if any, resulting from any realisation of Receivables or part thereof to the Assignor. The Security Agent will, however, transfer Receivables or
transfer the excess proceeds to a third party to the extent that it is obliged to do so by law. 

  

					
		  	 	  	 

 11 

	9	 Continuation 

  

	9.1	 Continuing security 

This Agreement shall create continuing security and any change or amendment whatsoever to the Secured Documents or any document or agreement
relating thereto shall neither affect the validity of this Agreement nor the obligations which are imposed on the Assignor pursuant to it. The same applies, for the avoidance of doubt, in the event of a temporary expiration of the Secured Claims.

  

	9.2	 Transfer 

Waiving § 418 of the BGB (applied by analogy), the Assignor agrees that the security created hereunder shall not be affected by any
transfer, novation or assumption of obligations of any Obligor arising under or in connection with the Secured Documents to, or by, any third party. 
  

	9.3	 Substitution of the Security Agent 

The Assignor undertakes to enter into any agreement reasonably required by the Security Agent and otherwise to do whatever is reasonably
required by the Security Agent if the Security Agent transfers its rights and obligations under the Secured Documents wholly or partially to a third party. In particular, the Security Agent may require the Assignor to create new assignments over the
Receivables in favour of the third party or another person designated by the Security Agent. To the extent that the Security Agent transfers its rights and obligations under the Secured Documents to a third party, the Security Agent may also
transfer its rights and obligations under this Agreement, to which the Assignor hereby explicitly consents. 
  

	10	 Notices and communication 

Any notice and other communication made under or in connection with the matters contemplated by this Agreement, other than a notification under
Clause 3 (Notification of assignments), must be made in the English language either in writing (by fax or letter), by electronic mail or attached as an electronic photocopy to electronic mail requiring confirmation of receipt either in
writing or by electronic mail, respectively. Until a change of address has been notified to the other parties hereto in writing, any communication under this Agreement must be sent 

if directed to the Assignor, to: 

c/o Westervoortsedijk 73 6827 AV Arnhem 

The Netherlands 
 Tel.: +31 88
7500 300 
 E-mail: lenders@allego.eu 

Att.:Chief Financial Officer 

  

					
		  	 	  	 

 12 

 if directed to the Security Agent, to: 

Société Générale 

189 rue d’Aubervilliers 

75886 Paris Cedex 18 
 Tel.:
+33142141536/+33157296897 
 E-mail:
frederic.le-roy@sgcib.com / florence.meilland@sgcib.com 
 Att.: Frédéric Le Roy /
Florence Meilland 
  

	11	 Miscellaneous 

 

	11.1	 Interpretation 

In case of doubt, the meaning of the German expressions used in this Agreement prevails over the meaning of the English expressions to which
they relate. 
  

	11.2	 Remedies cumulative 

No failure or delay on the part of the Security Agent to exercise any power, right or remedy hereunder shall operate as a waiver thereof nor
shall any single or any partial exercise of any power, right or remedy preclude its further exercise or the exercise of any other power, right or remedy. 
  

	11.3	 Partial invalidity 

If any of the provisions of this Agreement is or becomes invalid or unenforceable in whole or in part for whatever reason, including a
violation of any laws applicable to it, the validity of the other provisions hereof and any other Secured Document is not and shall not be affected. In the event of an invalid, unenforceable or impractical (wirtschaftlich unmöglich)
provision, such provision shall be replaced by a valid, enforceable and practical provision or arrangement, that corresponds as closely as possible to the invalid, unenforceable or impractical provision and to the parties’ economic aims pursued
by and reflected in this Agreement. The same applies in the event that this Agreement does not contain a provision necessary to achieve the economic purpose expressed in this Agreement (Regelungslücke). 

 

	11.4	 Conclusion of this Agreement (Vertragsschluss) 

 

	 	11.4.1	 The parties to this Agreement may choose to conclude this Agreement by an exchange of signed signature page(s),
transmitted by any means of telecommunication (telekommunikative Übermittlung) such as by way of fax or electronic photocopy. 

  

	 	11.4.2	 If the parties to this Agreement choose to conclude this Agreement pursuant to Clause 11.4.1 above, they will
transmit the signed signature page(s) of this Agreement to Linklaters LLP, attention to Michael Schnurr (by e-mail to Michael.Schnurr@linklaters.com) or Rosali Reindl (by
e-mail to Rosali.Reindl@linklaters.com) (each a “Recipient”). The Agreement will be considered concluded once one Recipient has actually received the signed signature page(s) (Zugang der
Unterschriftsseite(n)) from all parties to this Agreement (whether by way of fax, electronic photocopy or other means of telecommunication) and at the time of the receipt of the last outstanding signature page(s) by such one Recipient.

  

					
		  	 	  	 

 13 

	 	11.4.3	 For the purposes of this Clause 11.4 only, the parties to this Agreement appoint each Recipient as their
attorney (Empfangsvertreter) and expressly allow (gestatten) each Recipient to collect the signed signature page(s) from all and for all parties to this Agreement. For the avoidance of doubt, each Recipient will have no further duties
connected with its position as Recipient. In particular, each Recipient may assume the conformity to the authentic original(s) of the signature page(s) transmitted to it by means of telecommunication, the genuineness of all signatures on the
original signature page(s) and the signing authority of the signatories. 

  

	11.5	 Changes 

Changes, amendments and waivers of any provision of this Agreement including this Clause 11.5 (Changes) are only valid if made in
writing, unless notarisation or another form is required by law. As written form an exchange of signed signature pages, transmitted by way of fax, computer fax or attached as an electronic photocopy to an electronic mail shall be sufficient.
However, in the case of faxes, computer faxes or electronic photocopies attached to electronic mail, any party may require that any declaration made by fax, computer fax or electronic photocopy attached to electronic mail shall be confirmed by a
letter or, in the event of the conclusion or the amendment of an agreement, that all parties sign an original copy of such agreement. 
  

	11.6	 Governing law 

  

	 	11.6.1	 This Agreement is governed by the laws of the Federal Republic of Germany. 

 

	 	11.6.2	 Any non-contractual rights and obligations arising out of or in
connection with this Agreement shall also be governed by the laws of the Federal Republic of Germany. 

  

	11.7	 Jurisdiction 

The courts of Frankfurt am Main, Germany have exclusive jurisdiction to settle any dispute arising out of or in connection with this Agreement
(including a dispute regarding the existence, validity or termination of this Agreement; but excluding any dispute in relation to the existence, validity or enforceability of the Secured Claims). 

  

					
		  	 	  	 

 14 

					
	 

	 	                        	 	     

    
  

	 		 	  

	 		 	Allego GmbH
	 		 	Name:
	 		 	Title:
	 		 	
	 		 	
	 		 	
	 		 	

  

					
	    	  	 	  	 

 15 

					
	  
 The Security Agent

	 	                        	 	     

    
  

 

	 		 	  

	 		 	Socíété Générale
	 		 	Name:
	 		 	Title:
	 		 	
	 		 	
	 		 	
	 		 	
	 		 	
	 		 	
	 		 	

  

					
	    	  	 	  	 

 16Exhibit
10.1

 

REAL
ESTATE LEASE

 

This
Real Estate Lease (“Lease”) is made this 1st day of September, 2021, between Sunflower Bank, N.A. (“Landlord”),
and XXXXX (“Tenant”).

 

Section
1 - Premises and Use. Landlord owns the real property, furniture, fixtures, equipment, and buildings located at 17171
County Road 21, Fort Morgan, CO and 12555 Energy Road, Fort Morgan, CO (“Premises”). Landlord, in consideration of the rents
agreed to be paid by Tenant as hereinafter specified, and the terms and conditions contained herein, hereby leases the properties to
Tenant (“Leased Premises”).

 

Tenant
shall use the Leased Premises solely for the purpose of processing and storage of industrial hemp, and for no other purpose without obtaining
the prior written consent of Landlord, which shall not be unreasonably withheld for uses consistent with Landlord’s then existing
use criteria for the Premises.

 

Section
2 - Term and Renewal. This Lease shall be for a Term of Month to Month, which shall commence on the 1st day of September,
2021, and terminate 30 days after either party notifies the other of their intent to terminate this Lease.

 

Section
3 - Rent and Other Expenses. Tenant shall be responsible for the following:

 

(a) Rent.
Tenant shall pay, without abatement, deduction, or offset, to Landlord each month in the amount of $22,250.00 due on the first day
of each and every successive month. (“Base Rent”). Tenant shall forward all Base Rent payments, as well as Additional
Rent payments, to Landlord at Landlord’s address stated in the “Notices” Section of this Lease.

 

(b)
Additional Rent. In addition to such Base Rent, during any Term of this Lease, Tenant agrees as follows:

 

(1) Maintenance
and Repairs. Tenant shall, at Tenant’s own expense, perform all routine and non-routing maintenance and repairs to the
Premises during the term of this Lease, provided, however, that Tenant shall not perform any non-routine maintenance and repairs
without Landlord’s prior written consent, which consent shall not be unreasonably withheld. “Routine” maintenance
and repairs shall be maintenance and repairs that do not exceed One Thousand and No/100 Dollars ($1,000.00) in a singular event.
“Non-routine” maintenance and repairs shall be maintenance and repairs that exceed One Thousand and No/100 Dollars
($1,000.00) in a singular event. Tenant shall keep the Premises, including the public and private parking areas, driveways, and
walks which are associated with or a part of the Premises in a clean, orderly, and slightly condition, free and clear of debris.
Subject to the provisions of this Section 3(b)(1), Tenant shall regularly perform Routine and Non-routine maintenance and repairs to
the exterior of the building, the roof, structural supports, foundations, gutters, and the heater and air conditioning units, and
landscaping areas, which shall be kept in a neat and slightly condition. Tenant shall surrender the Premises at the expiration or
termination of this Lease in as good of condition as received by Tenant, normal wear and tear casualty excepted.

 

    	Sunflower Bank, N.A. Real Estate Lease
	Page 1	Rev. 01/2015

    	 

    

 

If
Tenant does not comply with this Section 3(b)(1) of this Lease, Landlord may, at its discretion and without notice to Tenant, pay all
such amounts required to be paid by Tenant. Such amounts advanced by Landlord will be billed by Landlord to Tenant, as Additional Rent,
which Tenant shall pay to Landlord by no later than 14 days after such billing.

 

(2) Utilities.
Tenant shall obtain and maintain all utilities at the Leased Premises, in its own name, and shall pay all utility bills or charges
for services consumed at the Leased Premises, as and when they shall be due and payable.

 

(3) Taxes.
Landlord shall be responsible for payment of all real property taxes assessed against and attributable to the Leased Premises for
the period of the term of this Leases and shall pay the same as and when they shall be due and payable. Tenant shall be solely
responsible for payment of all personal property taxes assessed against personal property located on the Leased Premises. If Tenant
does not comply with this Sections 3(b)(1)(3) of this Lease, Landlord may, at its discretion and without notice to Tenant, pay all
such amounts required to be paid by Tenant. Such amounts advanced by Landlord will be billed by Landlord to Tenant, as Additional
Rent, which Tenant shall pay to Landlord by no later than 14 days after such billing.

 

(4) Liability
and Casualty Insurance. Tenant shall, at its expense, keep in force, for the mutual benefit of Landlord and Tenant,
comprehensive general public liability insurance. Such insurance shall insure Landlord and Tenant against claims and liabilities for
personal injury, death, or property damage arising from the use, occupancy, disuse, or condition of the Leased Premises, or
adjoining areas or ways, providing protection of at least $1,000,000 for bodily injury or death to any one person and at least
$1,000,000 for any one accident or occurrence, with an aggregate level of protection of $2,000,000. Tenant, at its expense, shall at
all times during the term of this Lease also maintain fire, and extended coverage casualty insurance for the building and other
improvements on the Premises, with such comprehensive or so called “All risk” endorsements and in such amounts as
Landlord may, from time to time, deem reasonably necessary, but in no case less than the full extent of the insurable value of the
building on the Premises. Tenant shall provide Landlord with certificates of insurance showing Landlord as an additional insured on
such policies. The certificates shall provide for a thirty (30) day written notice to Landlord in the event of cancellation or
material change in the coverage.

 

In
addition, Landlord shall be permitted to retain any other insurance policies on the Premises as it deems appropriate to protect its interests.

 

If
Tenant does not comply with this Section 3(b)(4) of this Lease, Landlord may, at its discretion and without notice to Tenant, pay all
such amounts required to be paid by Tenant. Such amounts advanced by Landlord will be billed by Landlord to Tenant, as Additional Rent,
which Tenant shall pay to Landlord by no later than 14 days after such billing.

 

(5) Interest.
All unpaid amounts of Base Rent and Additional Rent due Landlord under this Lease shall bear interest at the less of 18% per annum, or
the maximum allowable legal rate in effect in the State of Colorado from the due date until paid in full.

 

    	Sunflower Bank, N.A. Real Estate Lease
	Page 2	Rev. 01/2015

    	 

    

  

Section
4 – Security Deposit. Tenant agrees to deposit with Landlord upon the execution of this Lease the sum of
$22,250.00 (“Security Deposit”) which sum shall be in addition to the payment for the first month’s rent, as security
for the full and faithful performance by Tenant of each term, provision, covenant, and condition of this Lease. In the event that Tenant
defaults in respect to any of the terms, provisions, covenants, and conditions of this Lease, including but not limited to payment of
Rent and Additional Rent, Landlord may use, apply, or retain the whole or any part of the Security Deposit for the payment of any Rent
and Additional Rent in default or for any other sum which Landlord may expend or be required to expend by reason of Tenant’s default,
including any damage or deficiency in the re-letting of the Leased Premises. If any portion of the Security Deposit is used or applied
by Landlord for reasonable cause in accordance with this Section, Tenant shall, within five (5) days after written demand by Landlord,
deposit cash with Landlord in amount sufficient to restore Security Deposit to its original amount, and Tenant’s failure to do
so shall be a default under this Lease. In the event that Tenant shall fully and faithfully comply with all of the terms, provisions,
covenants, and conditions of this Lease, the Security Deposit or any balance remaining shall be returned to Tenant upon the termination
of the Lease and after the removal of Tenant and the surrender of possession of the Leased Premises to Landlord. Tenant shall not be
entitled to any interest on the Security Deposit.

 

Section
5 - Condition of Leased Premises. Tenant agrees that the Leased Premises are tenantable and in good condition, and its
taking possession shall be conclusive evidence of receiving the Leased Premises in good order and repair. Upon termination of this Lease,
Tenant shall surrender the Leased Premises to Landlord in as good a condition as on the date it took possession, except for ordinary
wear and tear.

 

Tenant
acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty with respect to the Leased Premises
or with respect to the suitability of the Leased Premises or the Premises for the conduct of Tenant’s business, nor has Landlord
agreed to undertake any modification, alteration or improvement to the Leased Premises or the Premises, except as may be provided in
writing in this Lease. Tenant acknowledges that Landlord may from time to time, at its sole discretion, make such modifications, alterations,
repairs, deletions or improvements to the Premises as Landlord may deem necessary or desirable, without compensation or notice to Tenant.
Tenant shall not do or permit anything to be done in or about the Premises or bring or keep anything in the Premises that will in any
way increase the premiums paid by Landlord on its insurance related to the Premises.

 

Section
6 - Indemnification. Tenant shall hold harmless and indemnify Landlord, its agents and employees, against all
liability, loss, damage, expense, and judgment, including attorneys’ fees so incurred, relating to Tenant’s use of the
Leased Premises, including but not limited to any damage, neglect, or misadventure arising from or in any way growing out of the
use, misuse, or abuse of the Leased Premises, or any failure of Tenant to comply with the terms of this Lease. In addition, such
indemnity shall extend to any liability imputed to Landlord resulting from Tenant’s failure to comply with all federal, state,
county, and city laws, ordinances and regulations, including but not limited to, the A.D.A. and all applicable environmental laws.
Each party shall give immediate written notice to the other of all claims, actions, or proceedings brought against the party giving
such notice. Tenant agrees to defend against all claims brought or actions filed against Landlord with respect to Tenant’s use
of the Leased Premises, whether such claims are rightfully or wrongfully brought or filed. Landlord agrees that Tenant may employ
attorneys of its own selection to appear and defend the claim or action on behalf of Landlord, at the sole expense of Tenant. Tenant
shall have control of the defense in any such lawsuit and negotiations relating to its settlement. Landlord shall assist Tenant as
reasonably requested by Tenant regarding such lawsuit. Tenant agrees to reimburse Landlord for all expenses, costs, and
attorneys’ fees incurred by Landlord in the enforcement of any part of Tenant’s agreement to indemnify
Landlord.

 

    	Sunflower Bank, N.A. Real Estate Lease
	Page 3	Rev. 01/2015

    	 

    

  

Section
7 - Improvements. Tenant shall not make any improvements, alterations, or other changes or additions in or to the Leased
Premises without the prior written consent of Landlord in each instance. Landlord agrees that its consent shall not be unreasonably withheld.
All such alterations, additions, or improvements shall be completed in a workmanlike manner and shall not weaken or impair the structural
strength or lessen the value of the Premises, or change the purposes(s) for which the Premises, or any part, may be used. Tenant shall
repair any damage to the Leased Premises caused by removal of such alterations, changes, or additions.

 

Section
8 - Liens. Tenant shall not do or allow anything to be done whereby the Premises may be encumbered by a mechanics’
lien or any other lien and shall, whenever and as often as any mechanics’ lien or other lien is filed against the Premises purporting
to be for labor or material furnished or to be furnished to Tenant, discharge the same of record within 10 days after the date of filing.
Landlord shall not be liable for any labor or materials furnished or to be furnished to Tenant. Tenant further agrees that it shall indemnify
and hold Landlord harmless from any such payment or from damages and expenses associated with any such lien.

 

Section
9 - Assignment of Lease. Tenant shall not, either voluntarily or by operation of law, assign this Lease, or any interest
therein, and shall not sublet the Leased Premises or any part thereof, or any right or privilege appurtenant thereto, or suffer any other
person (the agents and servants of Tenant excepted) to occupy or use the Leased Premises, or any portion thereof, without the prior written
consent of Landlord in each instance. Any consent to one assignment, subletting, occupation or use by any other person, shall not be
deemed to be consent to any subsequent assignment, subletting, occupation or use by another person. Any such assignment or subletting
without such consent shall be void, and shall, at the option of Landlord, terminate this Lease.

 

Section
10 - Landlord’s Right of Entry. Tenant agrees at any reasonable time to permit entry onto the Leased Premises, in
the presence of a representative of Tenant, by or on behalf of Landlord for the purposes of: (1) inspecting the Leased Premises; (2)
tendering the Leased Premises for sale or encumbrances; and (3) maintenance or making any repairs or alterations in the structure on
the Leased Premises.

 

Section
11 - Personal Property. All of Tenant’s easily removable articles of personal property, business and trade fixtures,
machinery, equipment, and furniture shall be and remains the property of Tenant, and may be removed by Tenant upon the expiration of
this Lease. Tenant, however, shall repair any and all damage to the Leased Premises caused by such removal, and shall additionally be
liable to Landlord for any damages caused by such removal or repairs. Tenant hereby expressly agrees that the crane systems are fixtures
of the properties and owned by Landlord.

 

    	Sunflower Bank, N.A. Real Estate Lease
	Page 4	Rev. 01/2015

    	 

    

  

Section
12 - Risk of Loss. All property of any kind that may be on the Leased Premises during any Term of this Lease, or any renewal
thereof, shall be at the sole risk of Tenant, and Landlord shall not be liable to Tenant or any other person for any injury, loss, or
damage to the property of any person on the Leased Premises, except resulting from the negligence of Landlord.

 

Section
13 - Compliance with Law. Tenant shall comply with all applicable federal, state, county, and city laws, ordinances, and
regulations regarding construction, sanitation, licenses, or permits to do business and all other matters.

 

Section
14 - Quiet Enjoyment. Landlord hereby covenants that Tenant, upon paying Rent and Additional Rent as herein provided,
and performing all covenants and agreements herein contained to be performed on the part of Tenant, shall and may peacefully and quietly
have, hold, and enjoy the Leased Premises during the Term of this Lease, but no rights to air or light are granted.

 

Section
15 - Breach of Lease and Waiver. If Tenant fails to make a required Rent or Additional Rent payment within 10 days after
the due date, or Tenant fails to comply with any other term of this Lease within 30 days after written notice to so comply has been mailed
to Tenant by Landlord, such failure shall be deemed as an immediate breach and forfeiture of this Lease. In such case, all unpaid installments
of Rent and Additional Rent and other expenses herein provided for shall immediately become due and payable. In addition, Landlord shall
be entitled to exercise all rights afforded them under Colorado law, including the rights to declare the Lease forfeited, to recover
immediate possession of the Leased Premises, and to recover its reasonable attorneys’ fees and costs incurred in remedying any
breach. Further, notwithstanding that Landlord may elect to terminate this Lease, and during the full period that would otherwise have
constituted the balance of any Term of this Lease, Tenant shall continue to be liable for the performance of all the covenants of Tenant
under this Lease, including Tenants’ covenant to pay the full amount of Rent and Additional Rent stated above. Landlord, at its
option, may rent the Leased Premises to a term(s) that may be shorter or longer than the balance of the Term hereof, in which case Landlord
shall apply any moneys collected first to the expense of resuming or obtaining possession of and reletting the Leased Premises, and second,
to the payment of the Rent and Additional Rent due and to become due to Landlord hereunder, with Tenant remaining liable for any deficiency.
The waiver by Landlord of any breach of any term of this Lease shall not be deemed to be a waiver of such term as to any subsequent breach
of the same or any other term of this Lease. The parties further understand and agree that if the same or a similar violation occurs
after the appropriate remedy period, the Landlord may give the Tenant a 30 notice of termination of this Lease without providing an opportunity
to remedy the violation.

 

Section
16 - Damage by Casualty or Fire.

 

(a) Partial
Destruction. If the Leased Premises is partially damaged by fire or other cause without the fault or neglect of Tenant,
Tenant’s servants, employees, visitors, agents, or licensees, the damages shall be repaired by Landlord. The Base Rent, until
such repairs are completed, shall be apportioned and abated according to the portion of the Leased Premises that is usable by
Tenant. If such partial damage is due to the fault or neglect of Tenant, Tenant’s servants, employees, visitors, agents, or
licensees, the damages shall be repaired by Tenant, at Tenant’s expense, and there shall be no apportionment or abatement of
Base Rent.

 

    	Sunflower Bank, N.A. Real Estate Lease
	Page 5	Rev. 01/2015

    	 

    

 

 (b)
Substantial Destruction. If the Leased Premises are substantially damaged or rendered wholly untenantable by fire, wind, explosion,
or other casualty, or if any part of the Leased Premises is taken under the power of eminent domain, then this Lease shall automatically
terminate at the option of either Landlord or Tenant upon written notice to the other party within 30 days after the date of the applicable
event. If Tenant is not in default under this Lease, then, upon the termination of this Lease under the conditions provided in the sentence
immediately preceding, Tenant’s liability for Base Rent and Additional Rent shall cease as of the day following the casualty. All
casualty insurance proceeds and all proceedings and damages from any such taking of any part of the Leased Premises by eminent domain
shall be payable, in full, and shall be the property of Landlord. Such amounts include, but are not limited to, any damages or proceeds
paid as compensation for loss of value of the leasehold estate, or loss of any part of the Leased Premises. Tenant hereby assigns and
transfers to Landlord all such awards and proceeds granted in connections with such casualty loss and eminent domain proceeding.

 

Section
17 - Termination. Tenant agrees that upon the expiration of any Term of this Lease, or its earlier termination in any
other way as set forth herein, Landlord may, with or without process or law, enter into the Leased Premises and each and every part thereof,
to expel, remove Tenant and every other person(s) occupying or having possession thereof, to immediately retake possession of the Leased
Premises without thereby occasioning any forfeiture of the obligations of Tenant previously accrued under this Lease. Further, if Tenant
is declared insolvent or bankrupt, if any assignment of its property shall be made for the benefit of its creditors or others, if Tenant’s
leasehold interest herein is levied upon under execution, or taken through any writ of any Court of law, or if a trustee in Bankruptcy
or a receiver is appointed for Tenant’s property, then and upon the happening of any one of these events, Landlord may immediately,
with or without notice, terminate and cancel this Lease, and immediately retake possession of the Leased Premises without occasioning
any forfeiture of the obligations of Tenant previously accrued under this Lease.

 

Section
18 - Holding Over. If Tenant holds over in possession after the expiration of a Term of this Lease, or any extension or
renewal thereof without having renewed the same or without having entered into a new lease, such holding over shall not be deemed to
extend the Term or renew the Lease, but shall be a month-to-month tenancy created upon the same covenants and conditions as are herein
set forth, at the monthly rate of rental in effect during the last month of the previous Term, until terminated at the end of any rental
month by either party by serving upon the other not less than 30 days previous notice in writing of such termination.

 

Section
19 - Signs. Tenant shall not erect, affix, or display on the exterior or interior walls, door, and windows of the Premises
any signage. At Tenant’s request, Landlord may include Tenant’s name on any building-wide directories maintained by Landlord.

 

Section
20 – Subordination. Tenant shall subordinate its rights hereunder in this Lease to any mortgage(s) or lien from
any method of financing or refinancing, now or hereafter in force against the land and/or buildings of the Premises is a part; provided,
however, that such mortgagee shall recognize the validity and continuance of this Lease in the event of a foreclosure of the Landlord’
interest, as long as the Tenant shall not be in default under the terms of this Lease. Tenant agrees to execute and deliver to Landlord,
within 20 days after request by Landlord, a subordination agreement prepared with respect to a particular mortgage, or other financing
lien. Tenant’s failure to timely deliver such agreement shall constitute a default under this Lease.

 

    	Sunflower Bank, N.A. Real Estate Lease
	Page 6	Rev. 01/2015

    	 

    

 

Section
21 – Estoppel Certificate. Tenant shall, within 20 days after written request from Landlord, execute, acknowledge,
and deliver to Landlord, or to Landlord’ mortgagee (or other lender or purchaser), any estoppel certificate requested by Landlord,
from time to time, which estoppel certificates shall show whether the Lease is in full force and effect and whether any changes may have
been made to the original Lease; whether there are any defaults by Landlord, and if so, the nature of such defaults, whether possession
has been assumed and all improvements to be provided by Landlord have been complete, and whether rent has been paid more than 30 days
in advance and that there are no liens, changes, or offsets against rental due or to become due and that the address shown on such estoppel
certificate is accurate, and containing such other matters as Landlord may reasonably require.

 

Section
22 - Parking. Tenant agrees to cause its employees and customers to park only in such places as provided and designated
by Landlord.

 

Section
23 - Hazardous Materials. Tenant agrees that it shall not, without the prior written consent of Landlord, use or permit
to be used on or bring onto or about the Premises, any materials that have been or are in the future determined to be “hazardous”
by any federal, state, or local governmental agency. Tenant shall and hereby agrees to defend, indemnify and hold the Landlord harmless
from any against any claim asserted by, or any liability to any person, including without limitation, any agency, branch or representative
of federal, state, or local government, on account of any personal injury or death or damage, destruction or loss of property (whether
it be sudden and accidental or gradual and steady) resulting from or arising out of Tenants’ usage, storage, or disposal of hazardous
materials on the Premises or Tenant’s generation, brokerage, or transference of any hazardous materials from the Premises.

 

Section
24 - Notices. For purposes of this Lease, notices and all other communications provided for herein shall be in writing
and shall be deemed to have been given when delivered in person or deposited in the United States mail, certified, return receipt requested,
postage prepaid, addressed as follows:

  

	 	If
to Landlord:	 Sunflower Bank, N.A.
	 	 	Attn:
Kevin Krebaum 3025
	 	 	 Cortland Circle
	 	 	Salina,
KS 67401
	 	 	Tel. 785-493-8816

	 	 	 
	 	If
to Tenant:	 

  

The
parties may designate such other address(es) from time to time by written notice to the other party, except that notices of changes of
address shall be effective only upon receipt.

 

Section
25 – Confidentiality. Tenant shall keep the content and all copies of this Lease, related documents or amendments
now or hereafter entered, and all proposals, materials, information and matters relating thereto strictly confidential, and shall not
disclose, disseminate or distribute any of the same, or permit the same to occur, except to the extent reasonably required for proper
business purposes by Tenant’s employees, attorneys, insurers, auditors, and lenders, and except as may be required by Law or court
proceedings.

 

    	Sunflower Bank, N.A. Real Estate Lease
	Page 7	Rev. 01/2015

    	 

    

  

Section
26 - Relationship of the Parties. Nothing contained herein shall be deemed or construed by the parties, nor by any third
party, as creating a relationship between the parties hereto other than the relationship of Landlord and Tenant.

 

Section
27 - Binding Agreement. This Lease shall extend to and be binding upon the heirs, administrators, successors, representatives,
trustees, and assigns of the Parties.

 

Section
28 - Severability. If any provision of this Lease is held by a court of competent jurisdiction to be contrary to law,
the remaining provisions of this Lease shall remain in full force and effect.

 

Section
29 - Entire Agreement. The making, execution, and delivery of this Lease have been induced by no representations, statements,
warranties, or covenants other than those expressed herein. The provisions of this Lease constitute the entire agreement between the
parties with respect to the subject matter hereof and supersede all prior agreements, oral or written, and all other communications relating
to the subject matter hereof. No amendment or modification of any provision of this Lease shall be effective unless set forth in a document,
executed by both parties, that purports to amend this Lease.

 

Section
30 - Counterparts. This Lease may be executed in counterparts but shall constitute and be one agreement notwithstanding
the fact that it may be separately executed.

 

Section
31 - Governing Law and Jurisdiction. This Lease shall be governed by the laws of the State of Colorado. The parties hereto
further consent and agree that personal jurisdiction, subject matter jurisdiction and venue all lie in Denver County, Colorado and further
consent and agree that any action(s) commenced regarding this Lease shall be litigated in the District Court of Denver County, Colorado.

 

Section
32 - Headings. The headings contained in this Lease are for purposes of reference only and shall not in any way affect
the meaning or interpretation of this Lease.

 

IN
WITNESS WHEREOF, the parties hereto have subscribed their names the day and year first above written.

 

	LANDLORD:	 	TENANT:
	 	 	 	 	 
	SUNFLOWER
    BANK, N.A.	 	XXXXXX
	 	 	 
	By:  	              	 	By:	        
	Title:	 	 	Title:	 
	 	 	 	 	 

 

    	Sunflower Bank, N.A. Real Estate Lease
	Page 8	Rev. 01/2015

    	 

    

  

EXHIBIT
A

 

    	Sunflower Bank, N.A. Real Estate Lease
	Page 9	Rev. 01/2015

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