Document:

Exhibit 10.3

 

 

Marcus MilIichap

 

COMMERCIAL

EARNEST MONEY CONTRACT

(Real Estate Purchase Agreement)

 

THIS DOCUMENT IS MORE THAN A
RECEIPT FOR MONEY. THIS DOCUMENT IS INTENDED TO BE A LEGALLY BINDING CONTRACT. READ IT CAREFULLY.

 

This Earnest Money Contract ("Agreement")
concerns the purchase by Rich Uncles NNN Operating Partnership, LP and/or assigns (hereinafter referred to as "Buyer)
and sale by ANS Real Estate Ltd. (hereinafter referred to as "Seller") of that certain real property and improvements
referred to as Texas Harley-Davidson generally located at 1 Texas Harley Way in the City of Bedford County
of Tarrant State of Texas, and more particularly described on attached Addendum A, (Property).

 

The Property shall also include Seller's interests
in'

		1)	Any and all privileges and appurtenances pertaining to
the Property, including any right, title and interest of Seller in or to adjacent streets, alleys or right(s)-of-way;

		2)	Any and all leases, occupancy agreements, permits, rents,
warranties, guarantees, wastewater capacity and/or security deposits with respect to the Property, or any portion thereof;

 

TERMS AND CONDITIONS

 

For the mutual covenants contained
in this Agreement, Seller agrees to convey the Property to Buyer, and Buyer agrees to purchase the Property from Seller, on the
following terms and conditions:

 

		1)	PURCHASE PRICE: The total purchase price for the Property
is Twelve Million Seven Hundred Fifty Thousand Dollars ($12,750,000) (the 'Purchase Price").

 

The Purchase Price will be paid with ALL CASH

 

		2)	EARNEST MONEY DEPOSIT:
                                         Within three (3) business days after the Effective Date of this Agreement (as defined
                                         below in paragraph 25 below), Buyer shall deposit with Title Company Five Hundred
                                         Thousand Dollars ($500.000) in the form of a certified check, cashier's check
                                         or wire transfer as the earnest money deposit ("Deposit") to be held in trust
                                         for the benefit of the parties by Rattikin Title, 201 Main Street. Suite 800, Fort
                                         Worth, TX 76102, attn.: Megan Newburn, mnewburnnrattikintitle.com ('Title Company)
                                         in Its capacity as escrow agent in one or more fully insured and Interest bearing accounts
                                         of Federally Insured banking or savings Institution(s), pursuant to the terms of this
                                         Agreement. This sum, any additions thereto, and any interest earned thereon Is the Deposit
                                         to be applied to the Purchase Price.

 

		3)	CLOSING DATE: The closing of the sale will be thirty (30)
calendar days following expiration of the Feasibility Period (as defined below) or within 7 days after objections to title have
been cured, whichever date is later (the "Closing Date"). If either party falls to close by the Closing Date, the non-defaulting
party may exercise the remedies in Paragraph 13.

 

		A.	At closing, Seller will execute and deliver, at Seller's
expense, a special warranty deed (in form reasonably approved by Buyer). The deed must include a vendor's lien if any part of
the Purchase Price is financed. The deed must convey good and indefeasible title to the Property and show no exceptions other
than those permitted under Paragraph 4 or other provisions of the Agreement. Seller must convey the Property at closing:

		(1)	with no liens, assessments, or Uniform Commercial Code
or other security interest against the Property which will not be satisfied out of the Purchase Price, unless the Buyer Is assuming
existing loans;

		(2)	without any assumed loans in default; and

		(3)	with no persons in possession of any part of the Property
as lessees, tenants at sufferance, or trespassers except tenants under the written leases assigned to Buyer under this Agreement.

 

		B.	At closing, Seller, at Seller's expense, will also deliver:

		(1)	tax statements showing no delinquent taxes on the Property;

		(2)	a bill of sale with warranties to title conveying title,
free and clear of all Hens, to any personal property defined as part of the Property above, or sold under this Agreement;

 

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		(3)	to the extent that the following Items are assignable,
an assignment to Buyer of the following items as they relate to the Property or its operations (all of which shall be approved
by Buyer during the Feasibility Period);

{ia4
licenses andpermits (not management,dan including otherthe agreements; Harley-Davidson a

n
Franchise Agreement);

c) warranties
and guaranties, including without limitation, all construction and roof warranties;

		(4)	evidence that the person executing this Agreement is legally
capable and authorized to bind Seller; and

		(6)	any notices, statements, certificates, affidavits, releases, and other documents required by this
Agreement, the title commitment, or applicable law that is necessary for the closing of the sale and the issuance of the title
policy;

		(6)	an Owner's Policy of Title Insurance Issued by the Title Company (and underwritten by Chicago Title
Insurance Company) in the amount of the Purchase Price dated at or after the Closing Date, insuring Buyer against all loss under
the Title Policy, subject only to: (1) those title exceptions permitted by this Agreement or as may be approved by Buyer in writing;
and (2) the standard printed exceptions contained in the promulgated form of title policy. The standard printed exception as to
discrepancies, conflicts, or shortages in area and boundary lines may be deleted by Buyer at Buyer's sole cost and expense and
at Buyer's sole option.

		(7)	possession of the Property to Buyer upon closing and funding of the sale In its present condition with any repairs Seller is
obligated to complete under this Agreement, ordinary wear and tear excepted.

		(8)	If required by Buyer's lender, a subordination, non-disturbance and attornment agreement (SNDA and an Estoppel Certificate)
executed by Tenant, each in a form reasonably acceptable to Buyers lender

 

Until Closing Date, Seller will
operate the Property in the same manner as on the Effective Date and will not transfer or dispose of any of the personal property
described in this Agreement or to be sold under this Agreement before closing that is not authorized by separate agreement.

 

		C.	At closing, Buyer will:

		(1)	pay the Purchase Price in good funds acceptable to the
escrow agent;

		(2)	deliver evidence that the person executing this Agreement
Is legally capable and authorized to bind Buyer;

		(3)	execute and deliver any notices, statements, certificates,
or other documents required by this Agreement or law necessary to close the sale.

 

		D.	SALES EXPENSES:

		(1)	Seller's Expenses: Seller will pay for the following at
or before closing:

		(a)	releases of existing liens, other than those liens assumed
by Buyer, including prepayment penalties and recording fees:

		{b)	release of Seller's loan liability, If applicable;

		c)	tax statements or certificates;

		d)	preparation of the deed and any bill of sale;

		e)	one-half of any escrow fee;

		f)	costs to record any documents to cure title objections
that Seller must cure; and

		g)	other expenses that Seller will pay under other provisions
of this Agreement.
	 	 	 

		(2)	Buyer's Expenses: Buyer will pay for the following at or
before closing:

		a)	all loan expenses (for example, application fees, origination
fees, discount fees, buy-down fees, commitment fees, appraisal fees, assumption fees, recording fees, tax service fees, mortgage
title policy expenses, credit report fees, document preparation fees, interest expense that Buyer's lender requires Buyer to pay
at closing, loan related inspection fees, amortization schedule fees, courier fees, underwriting fees, wire transfer fees, and
other fees required by Buyer's lender);

		 	i

		b	preparation fees of any deed of trust;

recording fees for the deed and any deed of trust;

		d	premiums for flood and hazard Insurance as may be required
by Buyers lender;

		e)	one-half of any escrow fee;

copy and delivery fees for delivery of the
title commitment and related documents; and

		g)	other expenses that Buyer will pay under other provisions
of this Agreement.

 

		4)	TITLE:

 

		A.	TITLE INSURANCE POLICY: Within Ten Lig calendar
days after the Effective Date of this Agreement, Seiler shall furnish or cause to be furnished to Buyer a commitment for a standard
Texas owner's policy of title Insurance ('Commitment") to be issued at the Closing Date by the Title Company for the Property.
Seller authorizes the company to deliver the commitment and related documents to Buyer at Buyers address.

 

		B.	SURVEY: Survey must be made by a registered professional
land surveyor acceptable to the Title Company and Buyer's lender:

 

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		X	Within 2 days after the Effective Date of this Agreement,
Seller shall furnish Seller's existing Survey of the Property to Buyer and the Title Company, along with Seller's Affidavit acceptable
to the Title Company for approval of the Survey. If the Survey Is not approved by the Title Company or Buyer's Lender, a new Survey
will be obtained by Buyer at Buyer's expense, no later than three (3) days prior to Closing Date.

 

The survey must Identify the
Property by metes and bounds or platted lot description; show that the survey was made and staked on the ground with the corners
permanently marked; set forth the dimensions and total area of the Property; show the locations of all Improvements, highways,
streets, roads, railroads, rivers, creeks or other waterways, fences, easements, and rights of way on the Property with all easements
and rights of way referenced to the recording Information; show any discrepancies or conflicts in boundaries, any visible encroachments,
and any portion of the Property lying in a special flood hazard area as shown on the current Federal Emergency Management Agency
Flood Insurance Rate Map; and contain the Surveyors Certificates that the survey is true and correct.

 

		C.	UCC SEARCH: N/A

 

		5)	NOTICES:

 

		A.	SPECIAL ASSESSMENT DISTRICTS: If the Property Is
determined to be situated within a utility district or other statutorily created district providing water, sewer, drainage, or
flood control facilities and services, Chapter 49 of the Texas Water Code requires Seller to deliver to Buyer as part of the title
documents the required written notice ("MUD Notice") and Buyer agrees to acknowledge receipt of the MUD Notice in writing
prior to the Closing Date. The MUD Notice shall set forth the current tax rate, the current bonded indebtedness and the authorized
indebtedness of the district, and must comply with all other applicable requirements of the Texas Water Code. If the Property
is subject to mandatory membership In a property owner's association, Seller shall notify Buyer of the current annual budget of
the property owners' association, and the current authorized fees, dues and/or assessments relating to the Property. Buyer and
Seller hereby agree and acknowledge that Agent shall have no responsibility for determining whether the Property is In any such
district, nor the compliance by any party with the requirements applicable to such property. If applicable, Buyer, Seller and
their respective legal advisors shall prepare and execute an appropriate Addendum to this Agreement as they deem necessary.

 

		B.	TIDALLY INFLUENCED PROPERTY: If the Property abuts the tidally Influenced waters of the
state, Section 33.135 of the Texas Natural Resources Code requires a notice regarding coastal area property to be included in this
Agreement. Buyer and Seller hereby agree and acknowledge that Agent shall have no responsibility for determining whether the Property
is a tidally Influenced property, nor the compliance by any party with the requirements applicable to such property. If applicable,
Buyer, Seller, and their respective legal advisors shall prepare and execute an appropriate Addendum to thls Agreement as they
deem necessary.

 

		C.	ABSTRACT: At the time of the execution of this Agreement, Buyer acknowledges that Agent
has advised and hereby advises Buyer, by this writing, that Buyer should have the abstract covering the Property examined by an
attorney of Buyer's own selection or that Buyer should be furnished with or obtain a policy of title insurance.

 

		D.	DISCLOSURE OF REAL ESTATE LICENSURE:

 

The       in
this transaction is a licensed real estate agent acting as a principal, and is associated with a licensed real estate broker.

 

The_____in
this transaction is a licensed real estate agent acting as a principal, and is associated with a licensed real estate broker.

 

		E.	INTRACOASTAL WATERWAY: if the Property is located seaward of the Gulf Intracoastal Waterway, Section 61.025, Texas Natural
Resources Code, requires a notice regarding the seaward location of the Property to be included as part of this Agreement.

 

		F.	MOLD/ALLERGEN
ADVISORY: Buyer is advised of the possible presence within properties of toxic (or otherwise illness-causing) molds, fungi,
spores, pollens and/or other botanical substances and/or allergens (e.g. dust, pet dander, insect material, etc.). These substances
may be either visible or Invisible, may adhere to walls and other accessible and inaccessible surfaces, may be embedded in carpets
or other fabrics, may become airborne, and may be mistaken for other household substances and conditions. Exposure carries the
potential of possible health consequences. Agent strongly recommends that Buyer contact the Texas Department of Health for further
information on this topic. Buyer is advised to consider engaging the services of an environmental or Industrial hygienist (or
similar, qualified professional) to inspect and test for the presence of harmful mold, fungi, and botanical allergens and substances
as part of Buyer's physical condition inspection of the Property, and Buyer is further advised to obtain from such qualified professionals
information regarding the level of health-related risk involved and the advisability and feasibility of eradication and abatement.
Buyer Is expressly cautioned that Agent has no expertise In this area and is, therefore, incapable of conducting any level
of Inspection of the Property for the possible presence of mold and botanical allergens. Buyer acknowledges that Agent has not
made any investigation, determination, warranty or representation with respect to the possible presence of mold or other botanical
allergens, and Buyer agrees that the investigation and analysis of the foregoing mailers is Buyer's sole responsibility and that
Buyer shall not hold Agent responsible therefore.

 

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		6)	MATERIAL FACTS:

 

To the best of Seller's knowledge and belief: (Check
(A) or (B) only)

 

		(A)	Seller is not aware of any material defects to the Property
except as stated in the attached Property Condition Statement (Addendum F).

 

		A	(B) Seller is not aware of any of the following, except
as described otherwise in this Agreement:

		(1)	any subsurface: structures, pits, waste, springs, or improvements;

	

		2)	any pending or threatened litigation, condemnation, or
assessment affecting the Property;

		3)	any environmental hazards or conditions that affect the
Property;

		4)	whether the Property is or has been used for the storage
or disposal of hazardous materials or toxic waste, a dump site or landfill, or any underground tanks or containers (other than
oil and gas and other possible hazardous materials for use at dealership);

		(5)	whether radon, asbestos insulation or fireproofing, urea-formaldehyde
foam insulation, lead-based paint, toxic mold (to the extent that It adversely affects the health of ordinary occupants), or other
pollutants or contaminants of any nature now exist or ever existed on the Property;

{

		{6	whether wetlands, as defined by federal or state law or
regulation, are on the Property;

		7	whether threatened or endangered species or their habitat
are on the Property; and any material physical defects in the improvements on the Property.

 

(describe any exceptions to (1)-(8) In an addendum.)

 

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		7)	INSPECTION
CONTINGENCIES:

 

		7.1)	FEASIBILITY: Within 3 days after the Effective Date, Seller
will deliver to Buyer the following Items, as well as any additional items reasonably requested by Buyer (which shall be delivered
3 days after request), to the extent that the items are In Seller's possession or readily available to Seller ("Seller's
Property Information'). Any item not delivered is deemed not to be in Seller's possession or readily available to Seller,
The items Seller will deliver are:

 

		A.	Any leases or other occupancy agreements pertaining to
the Property, including without limitation the Lease (as defined below)

		B.	Any service contracts pertaining to the Property

		C.	All title insurance policies and underlying title documents

		D.	All plans including "as built' plans, drawings and specifications

		E.	All structural, seismic, geotechnical, engineering, and soils assessments or reports

		F.	All Phase I and Phase II environmental reports

		G.	Current certificate of occupancy and all licenses, permits and approvals

		H.	All recent tax bills or estimates

		I.	Any applicable Seller Disclosures required by law

		J.	All prior ALTA surveys

		K.	All inspection reports regarding the Property including roof, HVAC, plumbing, sewer and electrical
systems

		L.	All governmental and insurance notices received regarding the Property

		M.	Financial statements for Seller for the prior three calendar years, including but not limited to
balance sheet, income statement and operating statement, in the form required under the Lease

		N.	Annual gross sales reports for Seller for the past three calendar years

		0.	Current financial statements for Guarantor (as defined
below) dated no earlier than February 1, 2017, including but not limited to balance sheet, income statement and cash flow statement
in form required under the Guaranty.

 

		7.2)	INSPECTIONS, STUDIES, OR ASSESSMENTS:

 

		(A)	During the term of this Agreement, Buyer shall have a license
to enter the Property during which Buyer, at Buyers expense, may complete or cause to be completed Inspections, studies, or assessments
of the Property, including all Improvements and fixtures. Inspections, studies, or assessments may include, but are not limited
to:

		(1)	physical property inspections (for example, structural
pest control, mechanical, structural, electrical, and plumbing inspections);

		(2	economic feasibility studies;

		(3	environmental assessments (for example, soil tests, air
sampling, and paint sampling);

		(4	engineering studies; and

		(5	compliance inspections (for example, compliance determination
with zoning ordinances, restrictions, building codes, and statutes).

		(6)	profit and loss statements for the last 2 years.

 

		(B)	Seller, at Seller's expense, will turn on all utilities
necessary for Buyer to make inspections, studies, or assessments.

 

		(C)	Buyer must:

		1)	employ only trained and qualified inspectors and assessors;

		2)	notify Seller, in advance, of when the inspectors or assessors
will be on the Property;

		(3)	abide by any reasonable entry rules or requirements that
Seller may require;

		(4)	not interfere with existing operations or occupants of
the Property; and

		(5)	restore the Property to its original condition if altered
due to inspections, studies, or assessments that Buyer completes or causes to be completed.

 

		(D)	Except for those matters that arise from the negligence
or wrongful conduct of Seller or Seller's agents or from the discovery of any conditions on or under the Property, Buyer is responsible
for any claim, liability, encumbrance, cause of action, and expense resulting from Buyer's inspections, studies, or assessments
conducted by Buyer or Buyer's agents on the Property, including any property damage or personal Injury. Buyer will indemnify,
hold harmless, and defend Seller and Seller's agents against any claim involving a matter for which Buyer is responsible under
this paragraph. This paragraph survives termination of this Agreement.

 

		7.3)	FEASIBILITY
PERIOD AND RIGHT TO TERMINATE: Buyer may terminate this Agreement for any reason on or before 5:00 p.m. (California time zone)
on the thirtieth (30th) calendar day following the Effective Date (the 'Feasibility Period") by providing Seller with written
notice of termination. If Buyer elects not to terminate before this time, Buyer shall deliver its written Notice of Approval to
Seller in which event Buyer's objections for inspections shall be deemed to be waived. If Buyer does not deliver its Notice of
Approval before the end of the Feasibility Period, this Agreement shall be deemed terminated. Notwithstanding anything herein
to the contrary, $100 of the Deposit will be nonrefundable and will be distributed to Seller upon any termination of this Agreement
as full payment and independent consideration for Seller's performance under this Agreement. If this Agreement terminates as provided
above In this Section 7.3, the Deposit less the non-refundable portion will be promptly returned to Buyer and the parties will
have no further rights or obligations under this agreement except for any that expressly survive the termination of this Agreement.

 

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		7.4)	CURRENT OPERATIONS: If Buyer has timely delivered
to Seller its Notice of Approval under Section 7.3, Seller may not thereafter enter into, amend, or terminate any lease or other
agreemeht that affects the operations of the Property without Buyer's prior written approval. Seller will continue to operate
the Property in its normal course of business, Including routine maintenance, payment of Insurance premiums, and other day-to-day
obligations.

 

		7.5)	NONCONFORMANCE: Buyer has or will Independently Investigate
and verify to Buyer's satisfaction the extent of any limitations of uses of the Property. Buyer acknowledges that the current
use of the Property or the Improvements located on the Property (or both) may not conform to applicable Federal, State or municipal
laws, ordinances, codes or regulations. Zoning, permitted uses, height limitations, setback requirements, minimum parking requirements,
limitations on coverage of Improvements to total area of land, Americans with Disabilities Act requirements, wetlands restrictions
and other matters may have a significant economic Impact upon the intended use of the Property by Buyer. However, If Seller is
aware of pending zoning changes and/or current nonconformance with any Federal, State or focal laws, ordinances, codes or regulations,
Seller shall disclose same to Buyer in writing within 3 days after the Effective Date, or if later, as soon as Seller becomes
aware of such pending zoning change or nonconformance.

 

		7.6)	OTHER INSPECTION:

 

		8)	SELLER EXCHANGE: Buyer agrees to cooperate should Seller
elect to sell the Property as part of a like-kind exchange under IRC Section 1031. Seller's contemplated exchange shall not Impose
upon Buyer any additional liability or financial obligation, and Seller agrees to hold Buyer harmless from any liability that
might arise from such exchange. This Agreement is not subject to or contingent upon Seller's ability to acquire a suitable exchange
property or effectuate an exchange. In the event any exchange contemplated by Seller should fail to occur, for whatever
reason, the sale of the Property shall nonetheless be consummated as provided herein.

 

		9)	BUYER EXCHANGE: Seller agrees to cooperate should Buyer
elect to purchase the Property as part of a like-kind exchange under IRC Section 1031. Buyer's contemplated exchange shall not
impose upon Seller any additional liability or financial obligation, and Buyer agrees to hold Seller harmless from any liability
that might arise from such exchange. This Agreement Is not subject to or contingent upon Buyer's ability to dispose of its exchange
property or effectuate an exchange. In the event any exchange contemplated by Buyer should fall to occur, for whatever reason,
the sale of the Property shall nonetheless be consummated as provided herein.

 

		10)	"AS IS" CONDITION OF PROPERTY: AS A MATERIAL
PART OF THE CONSIDERATION FOR THIS AGREEMENT, SELLER AND BUYER AGREE THAT EXCEPT FOR THE EXPRESS REPRESENTATIONS IN THIS AGREEMENT,
BUYER IS TAKING THE PROPERTY "AS IS WITH ANY AND ALL LATENT AND PATENT DEFECTS AND THAT THERE IS NO WARRANTY BY SELLER THAT
THE PROPERTY IS FIT FOR A PARTICULAR PURPOSE. EXCEPT FOR THE EXPRESS REPRESENTATIONS IN THIS AGREEMENT, BUYER ACKNOWLEDGES THAT
IT IS NOT RELYING UPON ANY REPRESENTATION, STATEMENT, ASSERTION OR NONASSERTION BY SELLER OR SELLER'S AGENTS WITH RESPECT TO THE
PROPERTY CONDITION, BUT IS RELYING SOLELY UPON ITS OWN EXAMINATION OF THE PROPERTY. BUYER TAKES THE PROPERTY UNDER THE EXPRESS
UNDERSTANDING THERE ARE NO EXPR SS OR IMPLIED WARRANTIES (EXCEPT FOR LIMITED WARRANTIES OF TITLE SET FORTH IN THE CLOSIFJG DOCUMENTS).
THIS PROVISION WILL SURVIVE THE CLOSING.

 

	 	Buyer's Inftlalstitli:	Seller's Initials:	______________

 

		11)	RISK OF LOSS: Risk of loss to the Properly shall
be borne by Seller until title has been conveyed to Buyer or Buyer's designee. In the event that the improvements on the Property
are destroyed or materially damaged between the Effective Date of this Agreement and the Closing Date, Buyer shall have the option
of terminating this Agreement and demanding and receiving back the Deposit, with the parties being released from all obligations
of this Agreement, or, alternatively, electing to purchase the Property and taking such improvements as Seller can deliver. If
Buyer elects to purchase the Property, Seller shall pay all deductible amounts that are due under the insurance policy and assign
all insurance proceeds to Buyer and credit the amount of the deductible due under the insurance policy or will give Buyer a credit
against the Purchase Price at closing. Upon Buyer's removal of all inspection contingencies set forth in this Agreement relating
to the condition of the Property, Seller shall maintain the Property through the Closing Date in substantially the same condition
and repair as approved by Buyer, reasonable wear and tear excepted.

 

		12)	CONDEMNATION: If before closing, condemnation proceedings
are commenced against any part of the Property, Buyer may:

 

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		(A)	terminate
this Agreement by providing written notice to Seller within 15 days after Buyer is advised of the condemnation proceedings
and the Deposit, less any Independent consideration under Paragraph 7.3, will be refunded to Buyer; or

 

		(B)	appear and defend the condemnation proceedings and any
award will, at Buyer's election, belong to:

		(1)	Seiler and the Purchase Price will be reduced by the same
amount; or

		(2)	Buyer and the Purchase Price will not be reduced.

 

		13)	DEFAULT:

 

		(A)	If Buyer fails to comply with this Agreement, Buyer is
in default and Seller may terminate this Agreement and receive the Deposit as liquidated damages, thereby releasing the parties
from this Agreement.

 

		(B)	If, without fault, Seller is unable within the time allowed
to deliver the estoppel certificates or the commitment, Buyer may:

		(1)	terminate
this Agreement and receive the Deposit, less any independent consideration under Paragraph 7.3, as the sole remedy; or

		(2)	extend the time for performance up to 14 days and the closing
will be extended as necessary.

 

		(C)	Except as provided in Paragraph 13B, if Seller fails to
comply with this Agreement, Seller Is in default and Buyer may:

		(1)	terminate this Agreement and receive the Deposit, less
any independent consideration under Paragraph 7.3, as liquidated damages, and Seller shall reimburse Buyer for Its documented,
actual and reasonable out-of-pocket costs and expenses in connection with Its investigation of the Property and the transactions
contemplated by this Agreement and incurred following the Effective Date, up to $50,000.00 (Pursuit Costs') thereby releasing
the parties from this Agreement; or

		(2)	enforce specific performance, or seek such other relief
as may be provided bylaw, or both.

 

		14)	ESCROW:

 

		(A)	At closing, the Deposit will be applied first to any cash
down payment, then to 'Buyer's closing costs, and any excess will be refunded to Buyer.

 

		(B)	If both parties make written demand for the Deposit, escrow
agent may require payment of unpaid expenses Incurred on behalf of the parties and a written release of liability of escrow agent
from all parties.

 

		(C)	If one party makes written demand for the Deposit, escrow
agent will give notice of the demand by providing to the other party a copy of the demand. If escrow agent does not receive written
objection to the demand from the other party within 30 days after the date escrow agent sent the demand to the other party, escrow
agent may disburse the Deposit to the party making demand, reduced by the amount of unpaid expenses incurred on behalf of the
party receiving the Deposit and escrow agent may pay the same to the creditors.

 

		(D)	Escrow agent will deduct any independent consideration under Paragraph 7.3 before disbursing any
Deposit to Buyer and will pay the independent consideration to Seller.

 

		(E)	if escrow agent complies with this Paragraph 14, each party hereby releases escrow agent from all claims related to the disbursal
of the Deposit.

 

		(F)	Notices under this Paragraph 14 must be sent by certified mail, return receipt requested, or by fax. Notices to escrow agent
are effective upon receipt by escrow agent.

 

		15)	ROLLBACK TAXES: If Seller changes the use of the Property
before closing or If a denial of the special evaluation of the Property claimed by Seller results in the assessment of additional
taxes, penalties, or Interest for periods before closing, the assessments will be the obligation of the Seller. This Paragraph
15 survives the Closing Date.

 

		16)	AUTHORIZATION: Seller does not authorize Agent to disseminate
sales information regarding this transaction, including the Purchase Price of the Property.

 

		17)	OTHER BROKERS: Buyer and Seller agree that, in the event
any broker, other than Agent or a broker affiliated with Agent, is involved in the disposition of the Property, Agent shall have
no liability to Buyer, Seller or other person or entity, for the acts or omissions of such other broker, who shall not be deemed
to be a subagent of Agent.

 

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		18)	AGENT'S
DISCLAIMER: Buyer and Seller acknowledge that Agent has not made any Investigation, determination, warranty or representation
with respect to, without limitation, any of the following: (a) the financial condition or business prospects of the Property,
or of any occupant of the Property, or any occupant's Intent to continue or renew its occupancy in the Property; (b) the legality
of the present or any possible future use of the Property under any federal, state or local law or ordinance; (c) pending or possible
future action by any third party or governmental entity or agency which may affect the Property; (d) the condition of the Property,
including but not limited to, Its physical condition, soil conditions, the integrity and quality of any improvements, and the
presence or absence of fungi or wood destroying organisms or pests; (e) the accuracy or completeness of financial Information
concerning the Property Including, without limitation, any Income and expense information, projections of square footage, leases,
licenses, options and other agreements affecting the Property; (f) the possibility that leases, options, or other agreements,
matters or documents exist which affect or encumber the Property and which have not been provided or disclosed by Seller; (g)
the presence or location of any hazardous materials on or about the Property, including but not limited to, asbestos, PCB's, lead
paint, underground storage tanks or other toxic, hazardous or contaminated substances; (h) the accuracy of any Information contained
in any estoppel certificate or similar letter from any occupant of the Property; (D whether the Property Is In any special assessment
district or is a tidally influenced property; or, g) the number of legal parcels or units within the Property. When involved,
Agent has acted solely as a conduit for the exchange of such information between Buyer and Seller and makes no representation
or warranty whatsoever concerning the accuracy or reliability of such information. The Agents do not warrant that Seller will
disclose any or all property defects or other matters pertaining to the Property or its condition.

 

BUYER AGREES THAT INVESTIGATION AND ANALYSIS OF THE
PROPERTY, INCLUDING BUT NOT LIMITED TO THE FOREGOING MATTERS, ARE BUYER'S SOLE, INDEPENDENT RESPONSIBILITY AND THAT BUYER SHALL
NOT HOLD AGENT RESPONSIBLE THEREFORE. BUYER AGREES AND ACKNOWLEDGES THAT BUYER HAS NOT RELIED UPON ANY REPRESENTATION OF AGENT
IN CONNECTION WITH BUYER'S PURCHASE OF THE PROPERTY.

 

		19)	AGENT'S LIMITED AUTHORITY AND RESPONSIBILITY: Agent shall
have no authority to bind either Buyer or Seller to any modification or amendment of this Agreement. Agent shall not be responsible
for performing any due diligence or other investigation of the Property on behalf of either Buyer or Seller, or for providing
either party with professional advice with respect to, without limitation, any legal, tax, engineering, construction or hazardous
materials issues.

 

		20)	LIMITATION OF AGENT'S LIABILITY: EXCEPT FOR AGENT'S SOLE
GROSS NEGLIGENCE OR SOLE WILLFUL MISCONDUCT, SELLER AGREES TO HOLD THE AGENTS HARMLESS FROM ANY DAMAGES, CLAIMS, COSTS AND EXPENSES
RESULTING FROM OR RELATED TO ANY PARTY FURNISHING TO THE AGENTS OR BUYER ANY FALSE, INCORRECT OR INACCURATE INFORMATION WITH RESPECT
TO THE PROPERTY OR SELLER'S CONCEALING ANY MATERIAL INFORMATION WITH RESPECT TO THE CONDITION OF THE PROPERTY. TO THE EXTENT PERMITTED
BY APPLICABLE LAW, THE AGENTS' LIABILITY FOR ERRORS OR OMISSIONS, NEGLIGENCE, OR OTHERWISE, IS LIMITED TO THE RETURN OF THE FEE,
IF ANY, PAID TO THE RESPONSIBLE AGENT PURSUANT TO THIS CONTRACT. IN ADDITION, SELLER AGREE TO DEFEND AND HOLD THE AGENTS PARTICIPATING
IN THIS TRANSACTION HARMLESS FROM AND AGAINST ANY AND ALL LIABILITIES, CLAIMS, DEBTS, DAMAGES, COSTS, AND EXPENSES INCLUDING,
BUT NOT LIMITED TO, REASONABLE ATTORNEYS FEES AND COURT COSTS, RELATED TO OR ARISING OUT OF OR IN ANY WAY CONNECTED TO REPRESENTATIONS
ABOUT THE PROPERTY OR MATTERS THAT SHOULD BE ANALYZED BY EXPERTS.

 

		21)	ARBITRATION OF DISPUTES AND WAIVER OF JURY TRIAL: All disputes arising between the Parties
                                                                             with respect to the subject matter of this Purchase Agreement or the transaction contemplated herein (including but not
                                                                             limited to the parties' rights to the Deposit or the payment of commissions as provided herein) shall be settled exclusively
                                                                             by final, binding arbitration. The judgment upon the award rendered by the arbitrator may be entered in any court having
                                                                             jurisdiction.

 

The arbitration will proceed
in Tarrant County and be conducted by the American Arbitration Association ('AAA'). Any party who falls or refuses to submit to
arbitration following a demand by the other party shall bear all costs and expenses, including attorneys' fees, incurred by such
other party In compelling arbitration.

 

Any arbitration will be decided
by a single arbitrator selected according to the Rules. The arbitrator will decide any pre-hearing motions which are similar to
motions to dismiss for failure to state a claim or motions for summary adjudication and may grant any remedy or relief that a court
could order or grant on similar motions. The arbitrator shall apply the provisions of this Purchase Agreement without varying therefrom,
and shall not have the power to add to, modify, or change any of the provisions hereof.

 

In any arbitration proceeding
discovery will be permitted only in accordance with the terms of this paragraph. Discovery by each party shall be limited to: (i)
a maximum number of five (5) depositions limited to four hours each; (ii) requests for production of documents; (iii) ten interrogatories:
inquiring into the facts and amount of damages sought by the other party and another into the calculation of those damages; and
(iv) subpoenas upon third parties for production of documents, depositions, and to appear at a hearing. The scope of discovery
may be expanded only upon the mutual consent of the parties.

 

The Parties understand and agree
that they are entering into this arbitration agreement voluntarily, and that by doing so they are waiving their rights to a jury
trial or to have their claims otherwise litigated in court. Notwithstanding the foregoing, If necessary to record a us pendens
or similar instrument as to the Property, Buyer may initiate a judicial proceeding.

 

    	Purchase Agreement
	8 of 12	Seller's Initials ________ Buyers Initials _________

	 	 	Copyright Marcus & Millichap 2015

     

    

 

		22)	SUCCESSORS & ASSIGNS: This Agreement and any
addenda hereto shall be binding upon and inure to the benefit of the heirs, successors, agents, representatives and assigns of
the parties hereto.

 

		23)	TIME: Time is of the essence of this Agreement.
The parties require strict compliance with the times for performance. If the last date to perform under a provision of this Agreement
falls on a Saturday, Sunday or legal holiday, the time for performance is extended until 5:00 p.m. the next day which is not a
Saturday, Sunday or legal holiday.

 

		24)	FOREIGN INVESTOR DISCLOSURE: Seller and Buyer agree
to execute and deliver any instrument, affidavit or statement, and to perform any act reasonably necessary to carry out the provisions
of the Foreign Investment In Real Property Tax Act (FIRPTA) and regulations promulgated there under. Buyer and Seller both agree
to provide a signed FIRPTA form to Agent on or before the closing date.

 

		25)	ACCEPTANCE AND EFFECTIVE DATE: The "Effective
Date" of this Agreement for the purpose of performance of all obligations is the date the escrow agent receives this Agreement
after all parties execute this Agreement.

 

This Agreement may be executed
In counterparts, and transmitted by facsimile by and to the parties, and each such counterpart shall be deemed an original, and
all of them together shall constitute a single instrument.

 

		26)	GOVERNING LAW: This Agreement shall be construed
under and governed by the laws of the State of Texas and, unless otherwise provided herein, all obligations of the parties hereunder
are to be performed in the county where the Property Is located.

 

		27)	NON-DISCRIMINATION: Buyer and Seller acknowledge
that it Is illegal for either Seller, Buyer or Agent to refuse to lease or sell to any person on the basis of, without limitation,
race, color, religion, national origin, sex, age, marital status or physical disability.

 

		28)	INTEGRATION AND SURVIVAL: This Agreement contains
the entire understanding and agreement between Buyer and Seller concerning the subject matter herein, and supersedes any and all
prior agreements, understandings, promises and representations, whether written or oral, between the Buyer and Seller, concerning
the subject matter hereof. There are no other understandings, oral or written, which in any way alter or enlarge the terms of
this Agreement, and there are no warranties or representations with respect to the Property or this Agreement of any nature whatsoever,
either express or implied, except as set forth herein. Should any provision of this A9reement or portion thereof be deemed illegal,
invalid or otherwise unenforceable, then to the maximum extent permitted by law, the remainder of the Agreement shall remain valid
and binding as between the parties.

 

		29)	NOTICES: All notices required or permitted hereunder
shall be given to the parties In writing (with a copy to Agent) at their respective addresses as set forth below, unless otherwise
agreed by the parties. Should the date upon which any act required to be performed by this Agreement fall on a Saturday, Sunday
or holiday, the time for performance shall be extended to 5:00 p.m. the next business day. All notices between Buyer and Seller
must be in writing and are effective when hand-delivered, mailed by certified mail return receipt requested, sent via a nationally
recognized overnight carrier, or sent by facsimile transmission to the parties' addresses set out as follows:

 

	 	Seller:	ANS Real Estate Ltd.	 	Buyer	Rich Uncles NNN Operating

    Partnership, LP
	 	do:	Adam Smith	 	do:	David Perduk 3080
	 	Address:	PO Box 586

    Ranoke, TX 76262	 	Address:	Bristol Street, Suite 550 Costa Mesa, CA
	 	Telephone No.:	(817),
    q 26 7 -2 6 4 4	 	Telephone No.:	92626 (949) 873-6535
	 	Fax No.:	r17-421-ilst ntletActlel	 	Fax No.:	 
	 	Email:	adam@terasharhyreutfis	 	Email:	david@richuncles.com 

                                                                 

	 	Seler’s 

    Attorney:	Griffith, Jay & Michel, 

    LLP	 	Buyer’s 

    Attorney:	Dan K. Winton
	 	 	Richard L. Bourland	 	do:	Daniel K. Winton
	 	Address:	2200 Forest Park	 	Address:	4685 MacArthur Court, Suite 450
	 	 	Boulevard Park	 	 	 
	 	 	Worth, Texas 76110	 	 	Newport Beach, CA 92660
	 	Telephone No.:	(817)
    932-6123	 	Telephone No.:	(949) 252-0516
	 	 	 	 	 	 
	 	Email:	richardb@lawgjm.com	 	Fax No:	(949) 476-2477
	 	 	 	 	Email:	dwinton@wintonlaw.com

 

    	Purchase Agreement
	9 of 12	Seller's Initials ________ Buyers Initials _________

	 	 	Copyright Marcus & Millichap 2015

     

    

 

	30)	ATTACHED ADDENDA:	0	Information About Brokerage Services
	 	 	m	Addendum A - Legal Description
	 	 	m	Addendum B - Third Party Financing
	 	 	m	Addendum C - Lead Based Paint (required for residential dwellings constructed prior to 1978)
	 	 	m	Addendum D - Estoppel Certificates CI Addendum E – Intermediary Relationship Notice
	 	 	m	Addendum F - Disclosure Notice
	 	 	m	Addendum G - MUD Notice
	 	 	m	Lease
	 	 	1:1	SNDA Agreement (to be prepared by Buyer and approved by Seller during the Feasibility Period)
	 	 	m	Purchase Addendum

 

		31)	AGENCY: The Term "Agent' refers to Marcus & Millichap
Real Estate Investment Services and/or Other Broker, if applicable as set forth below. Each Agent only has duties to the party
they represent as identified below. If either Agent is acting as an Intermediary, then that Agent will only have the duties of
an Intermediary and both Buyer and Seller consent by their signature below that Agent has provided all proper notices and disclosures
to this sale:

 

Marcus & Millichap Real Estate

Investment Services:

 

	c/o:	Philip Levy	 
	Address:	300 Throckmorton
    St, Ste 1500	 
	 	Fort
    Worth, TX 76262	 
	Telephone No.:	(817)
    932-6123	 
	Fax No.:	(817)
    380-1153	 
	Email:	pleyy0,maretismillichap.com	 

 

Buyer and Seller both acknowledge that they have
been presented with the Information About Brokerage Services form prior to execution of this contract and have been advised of
the below agency status.

 

Marcus & MillIchap Real Estate Investment Services:

 

X Represents Seller only

 

Buyer is not represented by a Real Estate
Agent.

 

Seller will pay Marcus &
Millichap the Commission specified by separate written Representation Agreement. Payment of the Commission will not alter the
fiduciary relationships between the parties and the Agents.

 

		32)	CONSENT REQUIRED: Buyer, Seller, and Title Company agree
that the Agents are third party beneficiaries of this Agreement with respect to the Commission established in the separate Representation
Agreement, and that no changes may be made by Buyer, Seller, or Title Company as to the time of payment, amount of payment or
the conditions for payment of the Commission without the written consent of the Agents.

 

		33)	RIGHT TO CLAIM A LIEN: Pursuant to Chapter 62 of the Texas
Property Code, the Agents hereby disclose their right to claim a lien based on the separate Representation Agreement and any other
commission agreements referenced in this Agreement or applicable to the transaction contemplated by this Agreement. This disclosure
is hereby incorporated in any such commission agreements.

 

		34)	AGREEMENT AS OFFER. The execution of this Agreement by
the first party constitutes an offer to purchase or sell the Property. Unless, within two (2) business days after the date of
execution of this Agreement by the first party, this Agreement is accepted by the other party by signing the offer and delivering
a fully executed copy to the first party or Title Company, the offer of this Agreement will be deemed automatically withdrawn,
and the Deposit, if any, will be promptly returned to Buyer.

 

    	Purchase Agreement
	10 of 12	Seller's Initials ________ Buyers Initials _________

	 	 	Copyright Marcus & Millichap 2015

     

    

 

		35)	OTHER TERMS AND CONDITIONS:

 

The closing of the sale
of the Property as set forth in this Agreement is contingent upon the delivery at the closing of a new Commercial Lease Agreement
(the form of which is attached hereto as Addendum H) (the "Lease') executed by Calculated Risk Bedford, LP d/bla Texas
Harley-Davidson ("Tenant"), as Tenant, and by Buyer, as Landlord. The Lease shall contain the following terms Of there
are any conflicts between the provisions of the Lease and of this Agreement, the provisions of the Lease shall control):

 

		·	Absolute
Triple Net Lease — Tenant is responsible for paying all Taxes, Insurance, and Common Area Maintenance, and shall maintain,
repair, and if necessary, replace the roof, structure and parking lot

		·	15-year Primary Term with Two, Five Year Option Periods

		·	Initial Annual Base Rent shall be $900,000

		·	Rent shall increase by 10%, every 5 Years

		·	The Lease shall contain a Personal Guaranty
(in the form of the Lease Guaranty Agreement attached to the Lease)(the "Guaranty") from Adam Smith ("Guarantor"),
which shall terminate seven (7) years after the closing.

		·	Tenant shall have a Right of First Offer
to purchase the Property, the form of which is attached to the Lease

		·	Tenant shall be able to assign the entire
Guaranty to an entity approved by Harley-Davidson, with a minimum net worth of $10,000,000, which purchases the dealership operated
by Tenant

		·	In the event Tenant assigns the lease,
the Guaranty shall continue in effect for the first seven years from the Lease Commencement Date of the Lease

 

BUYER AND SELLER HEREBY ACKNOWLEDGE
THAT AGENT HAS ADVISED THE PARTIES TO CONSULT WITH THEIR RESPECTIVE LEGAL COUNSEL CONCERNING THE LEGAL EFFECT AND VALIDITY OF THIS
AGREEMENT PRIOR TO ITS EXECUTION.

 

The rest of this page intentionally left
blank

 

    	Purchase Agreement
	11 of 12	Seller's Initials ________ Buyers Initials _________

	 	 	Copyright Marcus & Millichap 2015

     

    

 

Executed below and to be effective as of the Effective Date.

 

	 	 	 	BUYER:
	DATE:	February9 , 2017	 	RICH UNCLES NNN OPERATING PARTNERSHIP, LP, a Delaware limited partnership

 

	Telephone:	Attn: David Perduk (949) 873-6535	 	By:	Rich Uncles NNN REIT, Inc. a Maryland
	 	 	 	 	c
	 	 	 	 	o
	 	 	 	 	r
	 	 	 	 	po,iwtlon, Its General Partner
	 	 	 	 	 
	Facsimile:	NIA	 	By:	 
	 	 	 	 	 
	 	 	 	 	H old Ho
	 		 	 	C ef Ex          utive Officer

 

		 	 	SELLER:
	DATE:	February et ,2017	 	ANS REAL ES
	Telephone:	(817) 312 _____2007 7.0-2,6149	 	By:	 
	Facsimile:	117             —14 c 1	 	Name:	Adarrh Smith
	 	 	 	Title:	if ft-5

 

TITLE COMPANY RECEIPT: The title company acknowledges
receipt of this contract on February_, 2017___ (the "Effective Date') and, upon receipt of the Deposit, accepts the Deposit
subject to the terms and conditions in this Agreement.

 

	DATE:      	     	February       2017 	 	TITLE COMPANY:	 
	Telephone:	 	 	RATTIKIN TITLE 	 
	
        Facsimile:  
	 	 	 	By: 	 

	 	 	 	 	Name: 	 
	 	 	 	 	Title:	 

 

	PARTIES
                                         UNDERSTAND AND ACKNOWLEDGE THAT BROKER IS NOT QUALIFIED TO PROVIDE, AND HAS NOT BEEN
                                         CONTRACTED TO PROVIDE, LEGAL, FINANCIAL OR TAX ADVICE, AND THAT ANY SUCH ADVICE MUST
                                         BE OBTAINED FROM PARTIES' ATTORNEY, ACCOUNTANT OR TAX PROFESSIONAL. 

 

    	Purchase Agreement
	12 of 12	Seller's Initials ________ Buyers Initials _________

	 	 	Copyright Marcus & Millichap 2015

     

    

 

Addendum A 

Legal Description

 

5.943 ACRES DESCRIPTION

 

STATE OF TEXAS

COUNTY OF TARRANT

 

WHEREAS ANS Real Estate, Ltd.,
a Texas limited partnership, is the sole owner of a tract of land situated in the City of Bedford, Tarrant County, Texas, out of
the T. W. Williams Survey, Abstract Number 1735, and being part of Lot 1-R, Block 1 of the First State Bank Addition to the City
of Bedford, Tarrant County, Texas, as per plat recorded in Tarrant County Document Number 0215149020 of the Plat Records of Tarrant
County, Texas, the same being part of that called 5.822 acres of land described in a deed to ANS Real Estate, Ltd, recorded in
Tarrant County Clerk's Document Number 0212289619, and part of that called 1.00 acres of land described in a deed to ANS Real Estate,
Ltd, recorded in Tarrant County Document Number 0215007238, and being further described by metes and bounds as follows:

 

BEGINNING at a 1/2 inch steel
rod found at the Northwest corner of said 5.822 acres, being the Northwest corner of said Lot 1-R;

 

THENCE North 89 degrees 21 minutes
15 seconds East, 417.55 feet to a 5/8 inch steel rod found at the Northeast corner of said 5.822 acres, being the Northeast corner
of said Lot 1-R;

 

THENCE South 01 degrees 01 minutes
50 seconds East, 627.94 feet to a 1/2 inch steel rod found in the North line of Shoalmont Road, at the Southeast corner of said
5.822 acres, being the Southeast corner of said Lot 1R;

 

THENCE North 89 degrees 45 minutes
36 seconds West, 401.39 feet to a 1/2 inch steel rod set capped "1519 Surveying" in the North line of Shoalmont Road;

 

THENCE North 00 degrees 19 minutes
00 seconds West, 182.35 feet to a 1/2 inch steel rod set capped "1519 Surveying";

 

THENCE South 89 degrees 35 minutes
38 seconds West, 24.00 feet to a 5/8 inch steel rod found at an inside ell corner of said 5.822 acres, being the inside ell corner
of said Lot 1-R;

 

THENCE North 00 degrees 19 minutes
00 seconds West, 439.27 feet to the Point of Beginning, containing 5.943 acres of land.

 

Bearings based on Grid North, State Plane Coordinate
System, NAD83, Texas North Central Zone 4202.

 

     

     

    

 

	PARTIES UNDERSTAND
AND ACKNOWLEDGE THAT BROKER IS NOT QUALIFIED TO PROVIDE, AND HAS NOT BEEN CONTRACTED TO PROVIDE, LEGAL, FINANCIAL OR TAX ADVICE,
AND THAT ANY SUCH ADVICE MUST BE OBTAINED FROM PARTIES' ATTORNEY, ACCOUNTANT OR TAX PROFESSIONAL. 

 

     

     

    

 

	Cr	11-2-2015

 

Information
About Brokerage Services

Texas law requires all real
estate license holders to give the following information about

Brokerage services to prospective buyers, tenants, seller and landlords.

 

TYPES OF REAL ESTATE LICENSE HOLDERS:

		·	A BROKER is responsible for all brokerage activities Including
acts performed by sales agents sponsored by the broker.

		·	A SALES AGENT must be sponsored by a broker and works with
clients on behalf of the broker.

 

A BROKER'S MINIMUM DUTIES REQUIRED BY LAW (A client
is the person or party that the broker represents):

		·	Put the interests of the client above all others, including the brokers
own interests;

		·	inform the client of any material information about the property or
transaction received by the broker;

		·	Answer the client's questions and present any offer to or counter-offer
from the client; and

		·	Treat all parties to a real estate transaction honestly and fairly.

 

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL
ESTATE TRANSACTION:

 

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker
becomes the property owners agent through an agreement with the owner, usually In a written listing to sell or properly management
agreement. An owner's agent must perform the broker's minimum duties above and must Inform the owner of any material Information
about the property or transaction known by the agent, Including information disclosed to the agent or subagent by the buyer or
buyer's agent.

 

AS AGENT FOR BUYER/TENANT: The broker becomes
the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent
must perform the brokers minimum duties above and must Inform the buyer of any material Information about the properly or transaction
known by the agent, Including Information disclosed to the agent by the seller or saes agent.

 

AS AGENT FOR BOTH — INTERMEDIARY: To
act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction.
The written agreement must state who will pay the broker and, In conspicuous bold or underlined print, set forth the broker's obligations
as an Intermediary. A broker who acts as an intermediary:

		·	Must treat all parties to the transaction impartially and fairly;

		·	May, with the parties' written consent,
appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with provide opinions
and advice to, and carry out the Instructions of each party to the transaction;

		·	Must not, unless specifically authorized
in writing to do so by the Party, disclose:

		o	That the owner will accept a price less than the written asking price;

		o	That the buyer/tenant will pay a price greater than the price submitted In a written offer, and

		o	Any confidential information or any other Information that a party specifically Instructs the broker In writing not to disclose,
unless required to do so by law.

 

AS SUBAGENT: A license holder acts as a subagent
when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not
represent the buyer and must place the Interest of the owner first.

 

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU
AND A BROKER SHOULD BE IN WRITING AND CLEARY ESTABLISH:

		·	The brokers duties and responsibilities to you, and your obligations
under the representation agreement.

		·	Who will pay the broker for services provided to you, when payment
will be made and how the payment will be calculated.

 

LICENSE HOLDER CONTACT INFORMATION: This notice
is being provided for information purposes. It does not create an obligation for you to use the broker's services. Please acknowledge
receipt of this notice below and retain a copy for your records.

 

	Marcus & Millichap	 	9002994	 	tim.sneckamercusmillichaacom	 	972-755-5200
	Licensed Broker/Broker Firm Name or Primary Assumed Business Name	 	License No.	 	Email Address	 	Phone
	 	 	 	 	 	 	 
	Tim A. Speck	 	432723	 	tim.soeckemarcusmillichaa.com	 	972-755-5200
	Designated Broker or Firm	 	License No.	 	Email Address	 	Phone
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Licensed Supervisor of Sales Agent/ Associate	 	License No.	 	Email Address	 	Phone
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Sales Agent/Associate's Name	 	License No.	 	Email Address	 	Phone
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Buyer/Tenant/Seller/Landlord Initials	 	Date	 	 	 	 

 

	Regulated by the Texas Real Estate Commission	Information available at viswv.trec.texas.go
	 	 
	 	Off

 

     

     

    

 

ADDENDUM D

 

ESTOPPEL CERTIFICATE

 

[See Attached]

 

     

     

    

 

TENANT ESTOPPEL CERTIFICATE

 

[Name of Lender]

 

Rich Uncles NNN Operating Partnership, LP

3080 Bristol Street, Suite 550

Costa Mesa, CA 92626

 

		Re:	Commercial Lease Agreement dated                                                 
, 2017 ("Lease") between Rich Uncles NNN Operating Partnership, LP, a Delaware limited partnership ("Landlord")
and Calculated Risk Bedford, LP, a Texas limited partnership, dba Texas Harley-Davidson ("Tenant") for that
certain Premises located at 1 Texas Harley Way in the City of Bedford, Tarrant County, Texas ("Premises" or "Property")

 

Ladies and Gentlemen:

 

As of the date hereof, the
undersigned hereby certifies to Landlord and to                                                             
("Lender") and to their respective successors and assigns as follows:

 

1.          Tenant
is the current tenant under the Lease. A true, correct and complete copy of the Lease (including all addenda, riders, amendments,
modifications and supplements thereto) is attached hereto as Schedule 1. The Lease constitutes the entire agreement
between Landlord and Tenant with respect to the Premises and the Lease has not been modified, changed, altered or amended in any
respect except as shown on Schedule 1.

 

2.          The
Lease is in full force and effect, having been duly executed and delivered by Tenant.

 

3.          Tenant
has unconditionally accepted and is in possession of the Premises. All improvements to be constructed on the Premises by Landlord
have been completed to Tenant's

satisfaction and accepted by
Tenant except for                                                                                       
.. Any tenant construction allowances payable to Tenant have been paid in full. The Premises are in good condition and are in material
compliance with all applicable laws, regulations and building codes and require no repair, replacement or maintenance other than
routine maintenance.

 

4.          The
current base monthly rent under the Lease is $       which has been paid through and including                                            .
Tenant's percentage of operating expenses, real estate taxes and other pass-through expenses is one hundred percent
(100%). Tenant has not paid rent for more than one (1) month after the month during which this Estoppel Certificate is
executed.

 

5.          Tenant
has not entered into any sublease, assignment or other agreement transferring any of its interest in the Lease or the Premises.

 

     

     

    

 

6.            The
term of the Lease commenced on          , 2017, and expires on                                        .
Tenant has no options to extend the term of the Lease except for three (3) five year options.

 

7.            Tenant
has no expansion option or right of first offer or right of first refusal to lease or occupy any other space within the real property
of which the Premises form a part.

 

8.            Tenant
has no claim against Landlord for any security or other refundable deposit except for a security deposit in the amount of $                                       

 

9.            Tenant
has no offsets, deductions or credits against the payment of rents or other charges due or to become due under the Lease.

 

10.          Except
for right of first offer as set forth in Section          of the Lease, Tenant has no option,
right of first refusal or preferential right to purchase all or any part of the Premises, nor any right or interest with respect
to the Premises other than as the tenant under the Lease.

 

11.          Neither
Tenant nor to Tenant's current, actual knowledge is Landlord currently in default or breach under the Lease, nor is there
any state of facts or any condition which, with notice, the passage of time, or both, which would result in a default or
breach on the part of either Landlord or Tenant under the Lease, except as follows:                                                   

 

12.          To
the best of Tenant's current, actual knowledge, no dispute or controversy exists between Landlord and Tenant, and to Tenant's current,
actual knowledge, Tenant has no claims or cause of action against Landlord.

 

13.          There
has not been filed by or against Tenant a petition in bankruptcy, voluntary or otherwise, any assignment for the benefit of creditors,
any petition seeking reorganization of arrangement under the bankruptcy laws of the United States, or any state thereof, or any
other action brought under said bankruptcy laws with respect to Tenant.

 

14.          Other
than oil, gas, other lubricants, solvents, fluids and batteries used in connection with Tenant's business as a motorcycle dealership,
which uses have been in compliance with federal, state and local environmental laws, there are no Hazardous Materials (as defined
in Section 14.03 of the Lease) or underground storage tanks located in, on, under or adjacent to the Property which are in violation
of applicable federal, state and local environmental laws.

 

15.          The
individual signing this Certificate on behalf of Tenant is duly authorized to execute this Certificate on behalf of Tenant.

 

16.          Tenant
acknowledges that this Estoppel Certificate is made to Landlord and Lender in connection with Lender's prospective financing of
the Property. Landlord and Lender and their respective affiliates, successors, agents and assigns, will be relying on this Estoppel
Certificate in connection with Lender's financing of the Property and, but for the assurances and agreements contained herein,
Lender would not finance the Property.

 

     

     

    

 

17.          In
the event of foreclosure of Lender's deed of trust, Tenant will attom to and recognize Lender as Landlord under the Lease and will
pay all rents and other amounts due thereunder to Lender upon notice to the undersigned that Lender has become the owner of Landlord
's interest in the Premises under the Lease.

 

	 	"Tenant"	CALCULA r   ISK BEDFORD, LP, a Texas
	 	 	limited part —sl is, dba Texas Harley-Davidson
	 	 	 	 
	 	 	By:	 
	 	 	 	 
	 	 	Name:	 
	 	 	 	 
	 	 	Title:	 
	 	 	 	 
	 	 	Date:                                   ,
2017

 

     

     

    

 

SCHEDULE 1 TO ESTOPPEL CERTIFICATE

 

THE LEASE

 

[To be Attached]

 

     

     

    

 

ADDENDUM H

 

LEASE

 

[See Attached]

 

     

     

    

 

COMMERCIAL LEASE AGREEMENT

 

THIS IS A TRIPLE NET LEASE. ALL TAXES, INSURANCE,
UTILITIES,

CAPITAL IMPROVEMENTS AND OPERATIONAL EXPENSES ARE PAID

BY TENANT UNLESS EXPRESSLY SET FORTH OTHERWISE HEREIN.

 

COMMERCIAL LEASE AGREEMENT

 

     

     

    

 

 

TABLE 01? CONTENTS

 

	ARTICLE	PAGE
	 	 
	ARTICLE ONE DEFINED TERMS	1
	ARTICLE TWO LEASE AND TERM	2
	ARTICLE THREE RENT	2
	ARTICLE FOUR TAXES	3
	ARTICLE FIVE INSURANCE AND INDEMNITY	3
	ARTICLE SIX USE OF PREMISES	4
	ARTICLE SEVEN PROPERTY CONDITION, MAINTENANCE, REPAIRS AND ALTERATIONS	6
	ARTICLE EIGHT DAMAGE OR DESTRUCTION	7
	ARTICLE NINE CONDEMNATION	8
	ARTICLE TEN ASSIGNMENT AND SUBLETTING	8
	ARTICLE ELEVEN DEFAULT AND REMEDIES	9
	ARTICLE TWELVE LANDLORD'S CONTRACTUAL LIEN	11
	ARTICLE THIRTEEN PROTECTION OF LENDERS	12
	ARTICLE FOURTEEN ENVIRONMENTAL REPRESENTATIONS AND INDEMNITY	13
	ARTICLE FIFTEEN MISCELLANEOUS	14

 

    	COMMERCIAL LEASE AGREEMENT	Page i 

     

    

 

FOR GOOD AND VALUABLE CONSIDERATION, the parties to this Lease
agree as follows:

 

ARTICLE ONE

 

DEFINED TERMS

 

As used in this Commercial Lease Agreement
(the "Lease"), the terms set forth in this ARTICLE One have the following meanings:

 

		1.01	Effective Date: The last date beneath the signatures of
Landlord and Tenant on this Lease.

 

		1.02	Parties to Lease:

 

		A.	Landlord: Rich Uncles NNN Operating Partnership, LP [insert closing entity

when determined]

Attn: David Perduk

Address:       3080
Bristol Street, Suite 550, Costa Mesa, CA 92626

Telephone:   949.873.6535

E-mail            david@richuneles.com

 

		B.	Tenant:          Calculated Risk Bedford, LP dba Texas Harley-

Davidson Attn: Adam Smith

Address:       PO
Box 586, Roanoke, TX 7626

Telephone:   (817)3:-222899— 267 24%

Email:             adain(q)b,....3611‘,/

       00CActicIrlAtehtol.

		1.03	Premises:

 

		A.	Street address: 1 Texas Harley Way, Bedford, Texas 76021

 

		B.	Legal description: The property on which the Building (defined in subsection C below) is situated
(the "Property") is more particularly described on Exhibit "A".

 

		C.	Building: For purposes of this lease, the Premises includes a building which Landlord and Tenant
stipulate contains 70,96Q square feet ("Building").

 

		D.	Premises: The defined term Premises shall be deemed to include the Property and the Building and
other improvements located on the Property.

 

		1.04	Term: 15 years. The term shall commence upon that date
which Landlord acquires fee title to the Premises ("Commencement Date") and end upon the day immediately preceding the
fifteenth (15th) year anniversary thereof ("Expiration Date.")

 

		1.05	Rent: Initial annual Base Rent shall be $900,000.00

 

	Years 1-5	$75,000.00 per month
	Years 6-10	$82,500.00 per month
	Years 11-15	$90,750.00 per month
	1:     Years 11-15	$99,825.00 per month
	2:     Years 16-20	$109,807.50 per month

 

(The term "Rent" is defined in Section 3.01.)

 

    	COMMERCIAL LEASE AGREEMENT	Page 1 

     

    

 

		1.06	Permitted Use: Tenant shall only use the Premises for the
following purpose and all other purposes incident thereto: a Motorcycle Dealership store selling Harley-Davidson Motorcycles and
related merchandise and services and events. No other use will be permitted without Landlord's prior written consent.

 

		1.07	Payments: Tenant shall deliver payments under this Lease to Landlord at 3080 Bristol Street.
Suite 550 Costa Mesa CA 92626 Attn: Asset Management.  Landlord may designate in writing the party authorized to act on behalf
of Landlord to enforce this Lease. Any such authorization will remain in effect until it is revoked by Landlord in writing.

 

ARTICLE TWO

 

LEASE AND TERM

 

		2.01	Lease of Premises
for Term. Landlord leases the Premises to Tenant and Tenant leases the Premises from Landlord for the Term stated in Section
1.05. The Commencement Date is the date specified in Section LOS unless advanced or delayed under any provision of
this Lease.

 

		2.02	Holding Over. Tenant shall vacate the Premises immediately upon the expiration of the Term or earlier
termination of this Lease. Tenant shall reimburse Landlord for and indemnify Landlord against all damages incurred by Landlord
as a result of any delay by Tenant in vacating the Premises. If Tenant does not vacate the Premises upon the expiration of the
Term or earlier termination of this Lease, Tenant's occupancy of the Premises will be a day-to-day tenancy, subject to all of the
terms of this Lease, except that the Base Rent during the holdover period will be increased to an amount that is one-and-one-half
(11/2) times the Base Rent in effect on the expiration or termination of this Lease, computed on a daily
basis for each day of the holdover period, plus all additional sums due under this Lease. This Section will not be construed as
Landlord's consent for Tenant to hold over or to extend this Lease.

 

ARTICLE THREE

 

RENT

 

		3.01	Manner of Payment. All sums of Base Rent or other amounts
payable under this Lease by Tenant to Landlord (the "Rent") will be made to the Landlord at the address designated in
Section 1.07 unless another person is designated in Section 1.07 or to any other party or address as Landlord may
designate in writing. Any and all payments made to a designated third party for the account of the Landlord shall be deemed made
to Landlord when received by the designated third party. The Base Rent is the minimum rent for the Premises and is subject to
the terms and conditions contained in this Lease, together with the attached Addenda, if any.

 

		3.02	Time of Payment. Upon execution of this Lease, Tenant shall
deposit with Rattikin Title, at 201 Main Street, Suite 800, Fort Worth, Texas, 70102, Attn: Megan Newborn, as the escrow holder
in connection with Landlord's acquisition of the Premises, the installment of Base Rent for the first 30 days of the Term. Upon
the closing of the Premises, said first installment of Base Rent shall be disbursed to Landlord. On or before the first
day of each succeeding month of the Term, the installment of Base Rent and other sums due under this Lease will be due and payable,
in advance, without off-set, deduction or prior demand. If the Term commences or ends on a day other than the first or last day
of a calendar month, the Rent for any fractional calendar month following the Commencement Date or preceding the end of the Term
will be prorated by days. If any Rent is not received by Landlord or Landlord's designee within five (5) days after that Rent
is due, Tenant shall pay to Landlord a late charge of 5% of the amount due as liquidated damages in lieu of actual damages (other
than interest and attorneys' fees and costs). Tenant shall pay such amount to Landlord as Rent concurrently with the next installment
of Base Rent due and owing under the Lease. In addition, if any Rent is not received by Landlord or Landlord's designee within
five (5) days after that Rent is due, Tenant shall pay to Landlord annual interest on the past due amount from the date due until
paid at the rate of 10% per year, or such lesser rate allowed by law.

 

    	COMMERCIAL LEASE AGREEMENT	Page 2 

     

    

 

ARTICLE FOUR

 

TAXES

 

		4.01	Payment. Subject to the provisions of Section 4.02 below, Tenant shall pay directly to the
applicable authority, prior to the earlier of delinquency or the accrual of interest on the unpaid balance, all taxes and assessments
of every type or nature assessed against or imposed upon the Premises ("Impositions") during the Lease Term related to
or arising out of this Lease and the activities hereunder, including without limitation: (i) all taxes or assessments upon the
Premises or any part thereof and upon any personal properly, trade fixtures, and improvements located on the Premises, or any tax
or charge levied in lieu of such taxes and assessments; (ii) all taxes, charges, license fees, and or similar fees imposed because
of the use of the Premises by Tenant; and (iii) all excise, franchise, transaction, privilege, license, rental, sales, use, and
other taxes upon the Rent hereunder, the leasehold estate, or activities pursuant to tins Lease. The term Imposition as used herein
shall be deemed to include any increases in any Impositions which are assessed or imposed during the term of the Lease, including,
without limitation, any reassessment arising from the sale of Landlord's interest in the Premises. Tenant shall not be required
to pay or reimburse Landlord for any capital stock, privilege, franchise, estate, inheritance, devolution, succession, transfer,
gift or income tax, non-ad valorem tax or tax of a similar nature which is or may become payable by Landlord or which may be imposed
against Landlord or against the rents payable hereunder or upon the income or profits of Landlord because of any law now in force
or hereafter enacted. Tenant may take the maximum benefit of any law allowing Impositions or assessments to be paid in installments,
and in such event only the amount actually owed by Landlord during the applicable tax year shall be included in Impositions for
purposes of this Section.

 

		4.02	Delivery. If Landlord receives the bills for Impositions levied or assessed on the Premises, Landlord
shall furnish Tenant with copies of all bills for such Impositions, together with any and all back-up documentation provided therewith,
within ten (10) days after receipt thereof by Landlord. Landlord shall bear all interest, penalties, late charges and lost discount
amounts incurred as a result of Landlord's failure to provide Tenant with the bills for the Impositions in a timely manner. If
Tenant receives the bills for the Impositions from Landlord or the taxing authority on a timely basis, Tenant shall pay all Impositions
levied or assessed thereon directly to the taxing authority prior to the date any fine, penalty, interest or cost may be added
thereto, or become due or be imposed by operation of law for the non-payment or late payment thereof. Within thirty (30) days after
each tax and assessment payment is required by this ARTICLE Pour to be paid, Tenant shall, upon prior written request of
Landlord, provide Landlord with evidence reasonably satisfactory to Landlord that such payment was made in a timely fashion.

 

ARTICLE FIVE

 

INSURANCE AND INDEMNITY

 

		5.01	Property Insurance. In addition to such other insurance
as Landlord may reasonably require from time to time, Tenant, at its own expense, shall procure and continue in force broad form
commercial property insurance against damage occurring to the Premises, and Tenant's machinery, furniture, inventory and merchandise,
during the term of this Lease and any extension thereof with loss payable to Landlord and to any lender having a loan secured
by the Premises. Such insurance shall provide replacement cost coverage at 100% of the replacement value for any and all such
property damage (less a deductible of not to exceed $10,000). Tenant shall provide Landlord with a copy of the policy or certificate
(or a renewal) prior to the Commencement Date and at least ten (10) business days prior to the expiration of the policy during
the term of this Lease. The policy shall state that the coverage cannot be canceled or modified without thirty (30) days' prior
written notice to Landlord. If the Tenant fails to maintain the policy, Landlord may elect to maintain the insurance at Tenant's
expense.

 

    	COMMERCIAL LEASE AGREEMENT	Page 3 

     

    

 

 

		5.02	Liability Insurance. During
the Term, Tenant shall maintain a commercial general liability policy of insurance, at Tenant's expense, insuring Landlord against
liability arising out of the ownership, use, occupancy, or maintenance of the Premises. The initial combined single limit amounts
of the insurance must be at least: $2,000,000 for each occurrence, $5,000,000 General Aggregate per policy year. In addition,
Tenant shall carry Business Auto Liability with limits of not less than $500,000 for each occurrence and $2,500,000
General Aggregate per policy year. Tenant shall carry umbrella liability coverage of not less than $10,000,000. Landlord shall
be added as an additional insured to each such liability policy. The amounts of the insurance will not limit Tenant's liability
or relieve Tenant of any obligation under this Lease. The policies must contain contractual liability coverage, cross-liability
endorsements, if applicable, be primary and non-contributing with any policy carried by Landlord, and must insure Tenant's performance
of the indemnity provisions in this Lease, including but not limited to Section 5.03. Tenant must also maintain business
interruption insurance in commercially reasonable amounts to allow Tenant to maintain, rebuild and reopen its operations on the
Premises, as well as Workers' compensation and Employers Liability Insurance with statutorily mandated limits covering all persons
employed by Tenant on the Premises for any work done on or about any of thePremises for which claims for death or bodily injury
could be asserted against Landlord, Tenant, or the Premises. The policies must contain a provision that prohibits cancellation
or modification of the policy except upon thirty (30) days' prior written notice to Landlord and must name Landlord as an additional
insured Tenant may discharge Tenant's obligations under this Section by naming Landlord as an additional insured under a commercial
general liability insurance policy maintained by Tenant and containing the coverage and provisions described in this Section.
Tenant shall deliver a copy of the policy or certificate (or a renewal) to Landlord prior to the Commencement Date and at least
ten (10) business days prior to the expiration of the policy during the Term. If Tenant fails to maintain the policy, Landlord
may elect to maintain the insurance at Tenant's expense. Tenant may, at Tenant's expense, maintain other liability insurance as
Tenant deems necessary. Tenant shall provide copies of all such insurance to Landlord and all renewals and/or amendments to same.
All policies of insurance to be carried by Tenant under this ARTICLE Five shall be written by a company or companies authorized
to engage in the business of providing the applicable insurance in the State of Texas with a general policyholder's rating of
at least A and a financial rating of at least XI as defined by A.M. Best. Tenant's policies of insurance required to be carried
under this ARTICLE Five shall contain a commercially reasonable waiver of subrogation clause serving to waive any rights
of subrogation that such insurer may have against Landlord, its managers, parents, members, shareholders, directors, officers,
employees, and agents.

 

		5.03	Indemnity. Landlord shall not be liable to Tenant or to Tenant's employees, agents, invitees or
visitors, or to any other person, for any injury to persons or damage to property on or about the Premises or any adjacent area
owned by Landlord caused by the negligence or misconduct of Tenant, Tenant's employees, subtenants, agents, licensees or concessionaires
or any other person entering the Premises under express or implied invitation of Tenant, or arising out of the use of the Premises
by Tenant and the conduct of Tenant's business, or arising out of any breach or default by Tenant in the performance of Tenant's
obligations under this Lease; and Tenant hereby agrees to indemnify, defend with counsel reasonably approved by Landlord, and hold
Landlord, its members, and its lenders and their respective partners, officers, directors, employees and agents harmless front
any loss, expense (including, without limitation, reasonable attorneys' fees), liabilities, damages, judgements, or claims arising
out of such damage or injury, WHETHER OR NOT CAUSED IN WHOLE OR IN PART BY THE NEGLIGENCE OF LANDLORD OR LANDLORD'S EMPLOYEES
OR AGENTS. Tenant shall not be liable for any injury or damage caused by the gross negligence or intentional misconduct of
Landlord, or Landlord's employees or agents.

 

		5.04	Increase in Premiums. Other than the use or storage of oil and gas and other possible hazardous
materials used in the day to day operations of a Harley-Davidson dealership, Tenant shall not permit any operation or activity
to be conducted, or storage or use of any volatile or any other materials, on or about the Premises that would cause suspension
or cancellation of any insurance policy carried by Tenant or Landlord, or increase the premiums therefor, without the prior written
consent of Landlord.

 

ARTICLE SIX 

 

USE OF PREMISES

 

		6.01	Permitted Use. Tenant
may use the Premises only for the Permitted Use stated in Section 1.08. The parties to this Lease acknowledge that the current
use of the Premises or the improvements located on the Premises, or both, may or may not conform to the city zoning ordinance with
respect to the permitted use, height, setback requirements, minimum parking requirements, coverage ratio of improvements
to total area of land and other matters that may have a significant economic impact upon the Tenant's intended use of the Premises. Tenant acknowledges that
Tenant has or will independently investigate and verify to Tenant's satisfaction the extent of any limitations or non-conforming
uses of the Premises. Tenant further acknowledges that Tenant is not relying upon any warranties or representations of Landlord
concerning the Permitted Use of the Premises, or with respect to any uses of the Building or any improvements located on the Premises.

 

    	COMMERCIAL LEASE AGREEMENT	Page 4 

     

    

 

		6.02	Compliance with Laws. Tenant shall comply with all governmental
laws, ordinances and regulations (including amendments and changes thereto) applicable to the Premises, and will promptly comply
with all governmental orders and directives for the correction, prevention and abatement of nuisances and other activities in
or upon, or connected with the Premises, all at Tenant's sole expense, including any expense or cost resulting from the construction
or installation of fixtures and improvements or other accommodations for handicapped or disabled persons required for compliance
with governmental laws and regulations, including but not limited to the Texas Architectural Barriers law (Article 9102 and any
successor statute) and the Americans with Disabilities Act (the "ADA"). To the extent any alterations to the Premises
are required by the ADA or other applicable laws or regulations, Tenant shall bear the expense of the alterations.

 

		6.03	Certificate of Occupancy. If required, Tenant shall obtain
a Certificate of Occupancy from the municipality in which the Premises is located prior to occupancy of the Premises. Landlord
may, but has no obligation to, cure any such defects, including any repairs, installations, or replacements of any items that
are not presently existing on the Premises, or that have not been expressly agreed upon by Landlord in writing.

 

		6.04	Signs. Tenant at its own cost shall have the right to install
signage on the Premises to include the existing pole sign. Any signs installed by Tenant must conform to applicable laws, deed
restrictions on the Premises, and other applicable requirements. Tenant must remove all signs, decorations and ornaments at the
expiration or termination of this Lease and must repair any damage and close any holes caused by the removal. Landlord does not
warrant or guarantee they type or size of sign(s) allowed.

 

		6.05	Utility Services. Tenant shall pay the cost of all utility
services, including but not limited to initial connection charges, all charges for gas, water, sewerage, storm water disposal,
communications and electricity used on the Premises, and for replacing all electric lights, lamps and tubes. Unless otherwise
required by law, Tenant is the party entitled to designate utility and telecommunication service providers to the Premises.

 

		6.06	Landlord's Access. Landlord and Landlord's agents will
have the right to, during normal business hours and upon reasonable advance notice, and without unreasonably interfering with
Tenant's business, enter the Premises: (a) to inspect the general condition and state of repair of the Premises, (b) to make repairs
required or permitted under this Lease, (c) to show the Premises to any prospective tenant or purchaser, and (d) for any other
reasonable purpose. During the final one hundred fifty (150) days of the Term, Landlord and Landlord's agents may erect and maintain
signs on or about the Premises advertising the Premises for lease or for sale.

 

		6.07	Possession. If Tenant pays the rent, properly maintains
the Premises, and complies with all other terms of this Lease, Tenant may occupy and enjoy the Premises for the full Term, subject
to the provisions of this Lease.

 

		6.08	Exemptions from Liability. Landlord shall not be liable
for any damage or injury to the persons, business (or any loss of income), goods, inventory, furnishings, fixtures, equipment,
merchandise or other property of Tenant, Tenant's employees, invitees, customers or any other person in or about the Premises,
whether the damage or injury is caused by or results from: (a) fire, steam, electricity, water, gas or wind; (b) the breakage,
leakage, obstruction or other defects of pipes, sprinklers, wires, appliances, plumbing, air conditioning or lighting fixtures
or any other cause; (e) conditions arising on or about the Premises or upon other portions of any building of which the Premises
is a part, or from other sources or places; or (d) any act or omission of any other tenant of any building on the Property. Landlord
shall not be liable for any damage or injury even though the cause of or the means of repairing the damage or injury are not accessible
to Tenant. The provisions of this Section 6.08 will not, however, exempt Landlord from liability for Landlord's gross negligence
or willful misconduct.

 

    	COMMERCIAL LEASE AGREEMENT	Page 5 

     

    

 

ARTICLE SEVEN

 

PROPERTY CONDITION, MAINTENANCE, REPAIRS
AND ALTERATIONS

 

		7.01	Acceptance of Premises. Tenant acknowledges that: (a) a full and complete inspection of the Premises
has been made and Landlord has fully and adequately disclosed the existence of any defects that would interfere with Tenant's use
of the Premises for their intended commercial purpose, and (b) as a result of such inspection and disclosure, Tenant has taken
possession of the Premises and accepts the Premises in its "As Is" condition, except as otherwise provided in this Lease.

 

		7.02	Maintenance and Repair.

 

		A.	Landlord's Obligations. Except as otherwise provided in this Lease, Landlord will be under no obligation to perform any repair,
retrofit, maintenance or management service in the Premises. Tenant shall be fully responsible, at Tenant's expense, for all repair,
retrofit, maintenance and management services other than those that are expressly assumed by Landlord.

 

		B.	Tenant's Obligations. Subject to the provisions of Section 7.02A ARTICLE Eight (Damage or
Destruction) and ARTICLE Nine (Condemnation), Tenant shall, at all times, keep all portions of the Premises in good order,
condition and repair, ordinary wear and tear excepted, to the extent they exist, including but not limited to maintenance, repairs
and all necessary replacements of the roof, foundation, structural components, exterior and interior walls, parking lot, skylights,
windows, plate glass, doors, overhead doors, heating system, ventilating equipment, air conditioning equipment, electrical and
lighting systems, fire protection sprinkler system, dock levelers, elevators, interior and exterior plumbing, the interior of the
Premises in general, pest control and extermination, down spouts, gutters, paving, railroad siding, care of landscaping and regular
mowing of grass, and including the exterior of the Premises. Tenant shall submit copies of all maintenance contracts and records,
including, without limitation, any HVAC maintenance contracts, to Landlord within fifteen (15) days of Landlord's written re-quest
for the same. If Tenant fails to maintain and repair the Premises as required by this Section, Landlord may, on fifteen (15) days'
prior written notice, enter the Premises and perform the maintenance or repair, on behalf of Tenant, except that no notice is required
in case of emergency, and Tenant shall reimburse Landlord immediately upon demand for all costs incurred in performing the maintenance
or repair, plus a reasonable service charge.

 

		7.03	Alterations, Additions and Improvements. Tenant may not create any openings in the roof or exterior
walls, or make any alterations, additions or improvements to the Premises without the prior written consent of Landlord, which
consent shall not be unreasonably withheld or delayed. If Tenant requests Landlord's consent to any alterations, additions or improvements,
Tenant may also request Landlord to advise Tenant whether Landlord will require Tenant to remove such alteration, addition or improvement
upon termination of this Lease as provided in Section 7.04 below. Landlord's consent shall not be required for non-structural alterations,
additions or improvements costing less than $25,000 (which amount shall be adjusted annually in proportion to increase in CPI)
in any calendar year ("Minor Alteration"). Tenant may erect or install trade fixtures, shelves, bins, machinery, heating,
ventilating and air conditioning equipment, provided that Tenant complies with all applicable governmental laws, ordinances, codes,
and regulations. At the expiration or termination of this Lease, Tenant may, subject to the restrictions of Section 7.04
below, remove items installed by Tenant, provided Tenant is not in default at the time of the removal and provided further that
Tenant repairs, at the time of removal of the items, in a good and workmanlike manner, any damage caused by the installation or
removal. Tenant shall pay for all costs incurred or arising out of alterations, additions or improvements in or to the Premises
and will not permit any mechanic's or materialman's lien to be filed against the Premises, unless being contested in good faith.
Upon request by Landlord, Tenant shall deliver to Landlord proof of payment reasonably satisfactory to Landlord of all costs incurred
or arising out of any alterations, additions, or improvements. Notwithstanding any provision of this Section 7.03 to the
contrary, Tenant shall provide Landlord with at least 15 business days written notice of any Minor Alteration stating: (i) the
nature of the Minor Alteration, (ii) verification that the Minor Alteration will not affect the structural or base Building systems
and that the cost of the Minor Alteration is less than $25,000, (iii) the name of the contractor performing the Minor Alteration,
and (iv) the anticipated commencement date of construction and completion
date. Any work performed by Tenant pursuant to this Section 7.03 shall be performed in accordance with all applicable governmental
laws, ordinances, codes and regulations. If requested by Landlord, Tenant shall provide Landlord with written evidence of insurance
coverage, in amounts reasonably acceptable to Landlord, for any damage to the Premises, property or person during the course of
construction of any work pursuant to this Section 7.03. Any contractors performing work on behalf of Tenant shall be required
to carry worker's compensation insurance. Tenant shall promptly pay any and all costs and expenses incurred in connection with
any work performed hereunder and shall not cause or permit any liens, or allow liens to exist, attach to or encumber Landlord's
interest in the Premises. If any such lien attaches against the Premises, Tenant shall cause the lien to be removed of record (by
payment or by bond) within 20 days after Landlord's demand. In the event that such lien is not removed in said 20-day period, Landlord
shall have the right to take any action it deems necessary to remove and release the lien from the Premises. All expenses (including
reasonable attorney fees) incurred by Landlord in connection with the release of the lien shall be considered Rent under this Lease
and shall be immediately due and payable by Tenant.

 

    	COMMERCIAL LEASE AGREEMENT	Page 6 

     

    

 

		7.04	Condition upon Termination. Upon the expiration or termination of this Lease, Tenant shall surrender
the Premises to Landlord broom clean and in the same condition as received, except for ordinary wear and tear that Tenant is not
otherwise obligated to remedy under any provision of this Lease. Tenant will not be obligated to repair any damage that Landlord
is required to repair under ARTICLE Seven (Property Condition) or ARTICLE Eight (Damage or Destruction). In addition,
Landlord may require Tenant to remove any alterations, additions or improvements (whether or not made with Landlord's consent),
other than those alterations, additions and improvements for which Landlord advised Tenant under Section 7.03 that such alteration,
addition or improvement is not required to be removed, prior to the expiration or termination of this Lease and to restore the
Premises to its prior condition, all at Tenant's expense. All alterations, additions and improvements that Landlord has not required
Tenant to remove will become Landlord's property and must be surrendered to Landlord upon the expiration or termination of this
Lease. In no event may Tenant remove any of the following materials or equipment without Landlord's prior written consent: (i)
electrical wiring or power panels; (ii) lighting or lighting fixtures; (Hi) wall coverings, drapes, blinds or other window coverings;
(iv) carpets or other floor coverings; (v) heating, ventilating, or air conditioning equipment; (vi) fencing or security gates;
or (vii) any other fixtures, equipment or items that, if removed, would affect the operation or the appearance of the Premises.

 

ARTICLE EIGHT

 

DAMAGE OR DESTRUCTION

 

		8.01	Notice. If the Building or other improvements situated on the Property are damaged or destroyed
by fire, flood, windstorm, tornado or other casualty, Tenant shall immediately give written notice of the damage or destruction
to Landlord.

 

		8.02	Partial Damage. If the Building
or other improvements situated on the Property are damaged by fire, tornado or other casualty, but not to such an extent that rebuilding
or repairs cannot reasonably be completed within two hundred seventy (270) days from the date Landlord receives written notification
by Tenant of the occurrence of the damage (as reasonably determined by Landlord), then this Lease will not terminate, but Landlord
shall proceed with reasonable diligence to rebuild or repair the Building and other improvements on the Premises (other than leasehold
improvements made by Tenant or any assignee, subtenant or other occupant of the Premises) to substantially the condition they were
in before the damage; provided however, in no event shall Landlord be obligated to expend more than the insurance proceeds actually
received by Landlord, plus the amount of any deductible which shall be paid by Tenant to Landlord, if required. In no event shall
Landlord be required to begin any restoration until it receives the insurance proceeds and the deductible from Tenant. If the casualty
occurs during the final twelve (12) months of the Term, Landlord will not be required to rebuild or repair the damage unless Tenant
exercises Tenant's renewal option (if any) within fifteen (15) days after the date of receipt by Landlord of the notification of
the occurrence of the damage. If Tenant does not exercise Tenant's renewal option, or if there is no renewal option in this Lease,
Landlord nmy, at Landlord's option, terminate this Lease by promptly delivering a written termination notice to Tenant, in which
event the Rent will be abated for the unexpired portion of the Term, effective on the date of receipt by Landlord of the written
notification of the damage. To the extent the Premises cannot be occupied (in whole or in part) after the casualty, the
Rent payable under this Lease during the period the Premises cannot be folly occupied will be adjusted equitably.

 

    	COMMERCIAL LEASE AGREEMENT	Page 7 

     

    

 

		8.03	Substantial or Total Destruction. If the Building or other
improvements situated on the Properly are substantially or totally destroyed by fire, tornado, or other casualty, or so damaged
that rebuilding or repairs cannot reasonably be completed within two hundred seventy (270) days after the date Landlord receives
written notification from Tenant of the occurrence of the damage (as reasonably determined by Landlord), either Landlord or Tenant
may terminate this Lease by a written termination notice to the other party provided no later than thirty (30) days after Landlord
and Tenant are notified of such termination, in which event the monthly installments of Rent will be abated for the unexpired
portion of the Term, effective on the date of the damage or destruction. If neither party promptly terminates this Lease, Landlord
shall proceed with reasonable diligence to rebuild and repair the Building and other improvements (except that Tenant shall rebuild
and repair Tenant's fixtures and improvements in the Premises). To the extent the Premises cannot be occupied (in whole or in
part) after the casualty, the Rent payable under this Lease during the period the Premises cannot be fully occupied will
be adjusted equitably.

 

ARTICLE NINE 

 

CONDEMNATION

 

		9.01	If, during the Tenn or any extension thereof, more than
twenty-five percent (25%) the Premises are taken for any public or quasi-public use under any governmental law, ordinance or regulation
or by right of eminent domain, or are conveyed to the condemning authority under threat of condemnation, this Lease will terminate
and the monthly installments of Rent will be abated during the unexpired portion of the Term, effective on the date of the taking.
If less than twenty-five percent (25%) of the Premises is taken for public or quasi-public use under any governmental law, ordinance
or regulation, or by right of eminent domain, or is conveyed to the condemning authority under threat of condemnation, and if
the taking or condemnation materially interferes with the continued operation and use of the Premises by Tenant, materially adversely
impacts the business at the Premises, or if such taking or condemnation materially and permanently affects the parking at the
Premises, Tenant shall have the option to surrender and terminate this Lease by giving written notice of such election to Landlord
within fifteen (15) days after the date of vesting of title in such condemnation proceeding. In the event that Tenant exercises
its option to surrender and terminate this Lease, all of the rental and other charges paid or payable by Tenant hereunder shall
be prorated as of the date of vesting of title in such condemnation proceeding. If Tenant does not terminate this Lease, Landlord
shall promptly, at Landlord's expense, restore and reconstruct the Building and improvements (other than leasehold improvements
made by Tenant or any assignee, subtenant or other occupant of the Premises) situated on the Premises in order to make the same
reasonably suitable for the Permitted Use. The monthly installments of Rent payable under this Lease during the unexpired portion
of the Term will be adjusted equitably. Landlord will be entitled to receive and retain the entire award in any condemnation proceeding,
provided Tenant may seek its moving expenses and any unamortized portion of loss of fixtures to the extent such award does not
reduce Landlord's award. The termination of this Lease will not affect the rights of the parties to those awards.

 

ARTICLE TEN

 

ASSIGNMENT AND SUBLETTING

 

		10.01	Requirements Regarding
Assignment or Subletting. Tenant shall not assign this Lease or sublet the Premises or any portion thereof, without the prior
written consent of Landlord, which consent will not be unreasonably withheld, conditioned or delayed. Any assignment or subletting
will be expressly subject to all terms and provisions of this Lease. In the event of any assignment or subletting, Tenant will
remain fully liable for the full performance, except as set forth in Section 10.02 of all Tenant's obligations under this
Lease. Tenant shall not assign Tenant's rights under this Lease or sublet the Premises without first obtaining a written agreement
from the assignee or sublessee whereby the assignee or sublessee agrees to assume the obligations of Tenant under this Lease and
to be bound by the terms of this Lease. If an event of default occurs while the Premises is assigned or sublet, Landlord may,
at Landlord's option, in addition to any other remedies provided in this Lease or
by law, collect directly from the assignee or subtenant all rents becoming due under the terms of the assignment or Subletting
and apply the rent against any sums due to Landlord under this Lease. No direct collection by Landlord from any assignee
or subtenant will release Tenant from Tenant's obligations under this Lease.

 

    	COMMERCIAL LEASE AGREEMENT	Page 8 

     

    

 

		10.02	Permitted Transfer. Notwithstanding the provisions contained
in this ARTICLE Ten of this Lease, Tenant shall be entitled to transfer Its leasehold interest in this Lease to an entity
(i) approved by Harley-Davidson, (ii) which has a minimum Net Worth of at least $10,000,000, and (iii) is acquiring all of Tenant's
interest the Harley-Davidson dealership ("Permitted Assignee"); provided (i) that Tenant shall not be released from
liability under this Lease for seven (7) years from the commencement date of this Lease, (ii) that any such assignee assumes all
of Tenant's right, title and obligation under this Lease pursuant to a written assignment on Landlord's standard form, and (iii)
Landlord has received at least 60 days prior written notice of the intend transfer of interest.

 

ARTICLE ELEVEN

 

DEFAULT AND REMEDIES

 

		11.01	Default. Each of the following events is an event of default
under this Lease:

 

		A.	Failure of Tenant to pay any installment of the Rent, Taxes or other sum payable under this Lease
on the date that it is due and the continuance of that failure for a period of five (5) days.

 

		B.	Failure of Tenant to comply with any term, condition or covenant of this Lease, (other than the
payment of Rent or other sum of money or Tenant's obligations to carry insurance under ARTICLE Five) and the continuance
of that failure for a period of thirty (30) days after Landlord delivers written notice of the failure to Tenant. Tenant's failure
to comply with the provisions of ARTICLE Five shall, at Landlord's option, constitute an event of default under this Lease
if such failure is not cured within five (5) business days after Landlord delivers written notice of such failure to Tenant;

 

		C.	Failure of Tenant to pay a majority of its debts as they become due or an admission in writing
of inability to pay its debts, or the making of a general assignment for the benefit of creditors;

 

		D.	The commencement by Tenant of any case, proceeding or other action seeking reorganization, arrangement,
adjustment, liquidation, dissolution or composition of it or its debts under any law relating to bankruptcy, insolvency, reorganization
or relief of debtors, or seeking appointment of a receiver, trustee, custodian or other similar official for it or for all or any
substantial part of its property;

 

		E.	The commencement of any case, proceeding or other action against Tenant seeking to have an order
for relief entered against it as debtor, or seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition
of it or its debts under any law 'elating to bankruptcy, insolvency, reorganization or relief of debtors, or seeking appointment
of a receiver, trustee, custodian or other similar official for it or for all or any substantial part of its property, and Tenant:
(I) fails to obtain a dismissal of such case, proceeding, or other action within sixty (60) days of its commencement; or (ii) converts
the case from one chapter of the Federal Bankruptcy Code to another chapter; or (iii) is the subject of an order of relief that
is not fully stayed within seven (7) business days after the entry thereof; and

 

		F.	Vacancy or abandonment by Tenant of any substantial portion of the Premises or cessation of the
use of the Premises for the purpose leased.

 

		11.02	Remedies. Upon the occurrence of any of the events of default
listed in Section 11.01 and failure by Tenant to timely remedy such default after receipt of the applicable written notice
of default, if any, specified in

 

    	COMMERCIAL LEASE AGREEMENT	Page 9 

     

    

 

Section 11.01 Landlord
may pursue any one or more of the following remedies without any prior notice or demand.

 

		A.	Terminate this Lease, in which event Tenant shall immediately surrender the Premises to Landlord. If Tenant fails to so surrender
the Premises, Landlord may, without, prejudice to any other remedy that Landlord inay have for possession of the Premises or Rent
in arrears, enter upon and take possession of the Premises either by summary dispossession proceedings or by any suitable action
or proceeding at law, and expel or remove Tenant and any other person who may be occupying the Premises or any part thereof, without
being liable for prosecution or any claim for damages. Tenant shall pay to Landlord on demand the amount of all loss and damage
that Landlord may suffer by reason of the termination, whether through inability to relet the Premises on satisfactory terms or
otherwise.

 

		B.	Enter upon and take possession of the Premises either by summary dispossession proceedings or by
any suitable action or proceeding at law, without terminating this Lease and without being liable for prosecution or for any claim
for damages, and expel or remove Tenant and any other person who may be occupying the Premises or any part thereof. Landlord may
relet the Premises and receive the rent therefor. Tenant agrees to pay to Landlord monthly or on demand front time to time any
deficiency that may arise by reason of any such reletting. In determining the amount of the deficiency, the professional service
fees, reasonable attorneys' fees, court costs, remodeling expenses and other costs of retelling will be subtracted from the amount
of rent received under the reletting.

 

		C.	Enter upon the Premises either by summary dispossession proceedings or by any suitable action or
proceeding at law, without terminating this Lease and without being liable for prosecution or for any claim for damages, and do
whatever Tenant is obligated to do under the terms of this Lease. Tenant agrees to pay Landlord on demand for expenses that Landlord
may incur in thus effecting compliance with Tenant's obligations under this Lease, together with interest thereon at the rate of
ten percent (10%) per annum from the date expended until paid. Landlord will not be liable for any damages resulting to Tenant
from such action, whether caused by negligence of Landlord or otherwise.

 

		D.	Accelerate and declare the Rent for the entire Term, and all other amounts due under this Lease,
at once due and payable, and proceed by attachment, suit or otherwise, to collect all amounts in the same manner as if all such
amounts due or to become due during the entire Term were payable in advance by the terms of this Lease, and neither the enforcement
or collection by Landlord of those amounts nor the payment by Tenant of those amounts will constitute a waiver by Landlord of any
breach, existing or in the future, of any of the terms or provisions of this Lease by Tenant or a waiver of any rights or remedies
that the Landlord may have with respect to any breach.

 

		E.	In addition to the foregoing remedies, Landlord may change or modify the locks on the Premises
if Tenant fails to pay the Rent when due. Landlord will not be obligated to provide another key to Tenant or allow Tenant to regain
entry to the Premises unless and until Tenant pays Landlord all Rent that is delinquent. Tenant agrees that Landlord will not be
liable for any damages resulting to the Tenant from the lockout. When Landlord changes or modifies the locks, Landlord or Landlord's
agent shall post a written notice in accordance with Section 93.002 of the Texas Property Code, or its successor statute.
Tenant may be subject to legal liability if Tenant or Tenant's representative tampers with any lock after the locks have been changed
or modified by Landlord.

 

    	COMMERCIAL LEASE AGREEMENT	Page 10 

     

    

 

		F.	No re-entry or taking possession of the Premises by Landlord will be construed as an election to
terminate this Lease, unless a written notice of that intention is given to Tenant. Notwithstanding any such reletting or reentry
or taking possession, Landlord may, at any time thereafter, elect to terminate this Lease for a previous default. Pursuit of any
of the foregoing remedies will not preclude pursuit of any other remedies provided by law, nor will pursuit of any remedy provided
in this Lease constitute a forfeiture or waiver of any Rent due to Landlord under this Lease or of any damages accruing to Landlord
by reason of the violation of any of the terms, provisions and covenants contained in this Lease. Failure of Landlord to declare
any default immediately upon its occurrence, or failure to enforce one or more of Landlord's remedies, or forbearance by Landlord
to enforce one or more of Landlord's remedies upon an event of default, will not be deemed or construed to constitute a waiver
of default or waiver of any violation or breach of the terms of this Lease. Pursuit of any one of the remedies will not preclude
pursuit by Landlord of any of the other remedies provided in this Lease. The loss or damage that Landlord may suffer by reason
of termination of this Lease or the deficiency from any reletting as provided for above will include the expense of repossession
and any repairs or remodeling undertaken by Landlord following possession. If Landlord terminates this Lease at any time for any
default, in addition to other Landlord's remedies, Landlord may recover from Tenant all damages Landlord may incur by reason of
the default, including the cost of recovering the Premises and the Rent then remaining unpaid.

 

		G.	No right or remedy of Landlord is intended to be exclusive of any other right or remedy, and each
and every right and remedy will be cumulative and in addition to any other right or remedy now or hereafter existing under this
Lease, at law, in equity or by statute.

 

		11.03	Notice of Default. Tenant shall give written notice of
any failure by Landlord to perform any of Landlord's obligations under this Lease to Landlord and to any ground lessor, mortgagee
or beneficiary under any deed of trust encumbering the Premises whose name and address have been furnished to Tenant in writing.
Landlord will not be in default under this Lease unless Landlord (or the ground lessor, mortgagee or beneficiary) fails to cure
the nonperformance within thirty (30) days after receipt of Tenant's notice. However, if the nonperformance reasonably requires
more than thirty (30) days to cure, Landlord will not be in default if the cure is commenced within the 30-day period and is thereafter
diligently pursued to completion.

 

		11.04	Limitation of Landlord's Liability. As used in this Lease,
the term "Landlord" means only the current owner or owners of the fee title to the Premises or the leasehold estate
under a ground lease of the Premises at the time in question. Each Landlord is obligated to perform the obligations of Landlord
under this Lease only during the time such Landlord owns such interest or title. Any Landlord who transfers its title or interest
is relieved of all liability with respect to the obligations of Landlord under this Lease accruing on or after the date of transfer,
and Tenant agrees to recognize the transferee as Landlord under this Lease.

 

ARTICLE TWELVE

 

LANDLORD'S CONTRACTUAL LIEN

 

		12.01	In
addition to the statutory Landlord's lien, Tenant hereby grants to Landlord in the event of an uncured default, a security interest
to secure payment of all Rent and other sums of money becoming due under this Lease from Tenant, upon all wares, equipment, fixtures,
furniture and all other personal property of Tenant situated in or upon the Premises, other than Harley-Davidson products, together
with the proceeds from the sale or lease thereof. Tenant may not remove such property without the consent of Landlord until all
Rent in arrears and other sums of money then due to Landlord under this Lease have first been paid and discharged. Upon the occurrence
of an event of default, Landlord may, in addition to any other remedies provided in this Lease or by law, enter upon the Premises
and take possession of any and all wares, equipment, fixtures, furniture and other personal property of Tenant situated on the
Premises without liability for trespass or conversion, and sell the property at public or private sale, with or without having
the property at the sale, after giving Tenant reasonable notice of the time and place of any such sale. Unless otherwise required
by law, notice to Tenant of the sale will be deemed sufficient if given in the manner prescribed in this Lease at least ten (10)
days before the time of the sale. Any public sale made under this Article will be deemed to have been conducted in a commercially
reasonable manner if held on the Premises or where the property is located, after the time, place and method of sale and a general
description of the types of property to be sold have been advertised in a daily newspaper published in the county where the Premises
is located for five (5) consecutive days before the date of the sale. Landlord or its assigns may purchase at a public sale and,
unless prohibited bylaw, at a private sale. The proceeds from any disposition dealt with in this Article less any and all expenses
connected with the taking of possession, holding and selling of the property (including reasonable attorneys' fees and legal expenses),
will be applied as a credit against the indebtedness secured by the security interest granted herein. Any surplus will
be paid to Tenant or as otherwise required by law, and Tenant shall promptly pay any deficiencies. Upon request by Landlord, Tenant
agrees to execute and deliver to Landlord a Financing Statement in a form sufficient to perfect the security interest of Landlord
in the aforementioned property and proceeds thereof under the provisions of the Business and Commerce Code in force in the State
of Texas. The statutory lien for rent is expressly reserved; the security interest herein granted is in addition and supplementary
thereto. Provided Tenant is not in default under any of the terms of this Lease, upon written request by Tenant Landlord shall
deliver a written subordination of Landlord's statutory and contractual liens to any lender providing specific equipment financing
or to a lien and security interest securing Tenant's primary institutional third-party lender. Landlord shall not unreasonably
withhold or delay the delivery of Landlord's written subordination.

 

    	COMMERCIAL LEASE AGREEMENT	Page 11 

     

    

 

ARTICLE THIRTEEN

 

PROTECTION OF LENDERS

 

		13.01	Subordination and Attornment. Landlord may subordinate
this Lease to deed of trust or mortgage encumbering the Premises, and advances made on the security thereof and any renewals,
modifications, consolidations, replacements or extensions thereof, whenever made or recorded. Landlord's right to subordinate
is subject to Landlord providing Tenant with a written Subordination, Non-disturbance and Attornment Agreement in a form reasonably
required by any ground lessor, beneficiary or mortgagee wherein Tenant's right to peaceable possession of the Premises during
the Term will not be disturbed if Tenant pays the Rent and performs all of Tenant's obligations under this Lease and is not otherwise
in default.

 

		13.02	Signing of Documents. Tenant shall sign and deliver any
reasonable instruments or documents which are necessary or appropriate to evidence any attornment or subordination or any agreement
to attorn or subordinate.

 

		13.03	Estoppel Certificates,

 

		A.	Upon Landlord's written request, Tenant shall execute and deliver to Landlord a written statement
certifying: (1) whether Tenant is an assignee or subtenant; (2) the expiration date of the Lease; (3) the number of renewal options
under the lease and the total period. of time covered by the renewal epilogs); (4) that none of the terms or provisions
of the Lease have been changed since the original execution of the Lease, except as shown on attached amendments or modifications;
(5) that no default by Landlord exists under the terms of the Lease (or if Landlord is claimed to be in default, stating why);
(6) that the Tenant has no claim against the landlord under the Lease and has no defense or right of offset against collection
of rent or other charges accruing under the Lease; (7) the amount and date of the last payment of Rent; (8) the amount of any security
deposits and other deposits, if any; and (9) the identity and address of any guarantor of the Lease. Tenant shall deliver the statement
to Landlord within ten (10) days after Landlord's request. Landlord may forward any such statement to any prospective purchaser
or lender of the Premises. The purchaser or lender may rely conclusively upon the statement as true and correct.

 

		B.	If Tenant does not deliver the written statement to Landlord within the ten (10) day period, Landlord,
and any prospective purchaser or lender, may conclusively presume and rely upon the following facts: (I) that the terms and provisions
of this Lease have not been changed except as otherwise represented by Landlord; (2) that this Lease has not been canceled or terminated
except as otherwise represented by Landlord; (3) that not more than one monthly installment of Base Rent and other charges have
been paid in advance; (4) there are no claims against Landlord nor any defenses or rights of offset against collection of Rent
or other charges; and (5) that Landlord is not in default under this Lease. In such event, Tenant shall be °stopped from denying
the truth of the presumed facts.

 

    	COMMERCIAL LEASE AGREEMENT	Page 12 

     

    

 

		13.04	Financial Statements.

 

		A.	On or before each anniversary date of this Lease, Tenant shall provide Landlord (i) annual gross
sales reports, and (ii) annual financial statements (including but not limited to balance sheet, income statement, and cash flow
statement), each prepared in accordance with generally accepted accounting practices and either audited or certified by an officer
as being true and correct in all material respect.

 

		B.	If Landlord desires to finance, refinance or sell the Premises or any part thereof, Tenant shall
within 10 business days after request from Landlord deliver to any potential lender or purchaser designated by Landlord such financial
statements as may be reasonably required by such lender or purchaser (including but not limited to a current balance sheet, income
statement and cash flow statement). Tenant shall not be required to deliver the requested financial statements under this Section
I3.04.B more than once during any five (5) year period.

 

ARTICLE FOURTEEN

 

ENVIRONMENTAL REPRESENTATIONS AND INDEMNITY

 

		14.01	Tenant's Compliance with Environmental Laws. Tenant, at
Tenant's expense, shall comply with all laws, rules, orders, ordinances, directions, regulations and requirements of Federal,
State, county and municipal authorities pertaining to Tenant's use of the Premises and with the recorded covenants, conditions
and restrictions, regardless of when they become effective, including, without limitation, all applicable Federal, State and local
laws, regulations or ordinances pertaining to air and water quality, Hazardous Materials (as defined in Section 14.03)
waste disposal, air emissions and other environmental matters, all zoning and other land use matters, and with any direction of
any public officer or officers, pursuant to law, which impose any duty upon Landlord or Tenant with respect to the use or occupancy
of the Premises.

 

		14.02	Tenant's Indemnification. Other than the use or storage
of oil and gas and other possible hazardous materials used in the day to day operations of a Harley-Davidson dealership, Tenant
shall not cause or permit any Hazardous Materials to be brought upon, kept or used in or about the Premises by Tenant, its agents,
employees, contractors or invitees without the prior written consent of Landlord. If the presence of Hazardous Materials on the
Premises caused or permitted by Tenant results in contamination of the Premises or any other property, or if contamination of
the Premises or any other property by Hazardous Materials otherwise occurs for which Tenant is legally liable to Landlord for
damage resulting therefrom, then Tenant shall indemnify, defend (with counsel reasonably approved by Landlord) and hold Landlord,
its members, its lenders, and their respective partners, officers, directors, employees, and agents, harmless from any and all
claims, judgments, damages, penalties, fines, costs, liabilities or losses (including, without limitation, diminution in value
of the Premises, damages for the loss or restriction on use of rentable or unusable space or of any amenity or appurtenance of
the Premises, damages arising from any adverse impact on marketing of building space or land area, sums paid in settlement of
claims, reasonable attorneys' fees, court costs, consultant fees and expert fees) that arise during or after the Term as a result
of the contamination. This indemnification of Landlord by Tenant includes, without limitation, costs incurred in connection with
any investigation of site conditions or any clean-up, remedial work, removal or restoration work required by any Federal, State
or local government agency because of Hazardous Materials present in the soil or ground water on or under the Premises. Without
limiting the foregoing, if the presence of any Hazardous Materials on the Premises (or any other property) caused or permitted
by Tenant results in any contamination of the Premises, Tenant shall promptly take all actions at Tenant's sole expense as are
necessary to return the Premises to the condition existing prior to the introduction of any such Hazardous Materials, provided
that Landlord's approval of such actions is first obtained. Tenant hereby recognizes and agrees that Tenant's indemnification
obligations and remediation obligations hereunder shall also extend to any condition caused by the presence of oil, gas and related
possible hazardous materials used in connection with day to day operation of a Harley Davidson dealership.

 

    	COMMERCIAL LEASE AGREEMENT	Page 13 

     

    

 

		14.03	Definition.
For purposes of this Lease, the term "Hazardous Materials" means anyone or more pollutant, toxic substance, hazardous
waste, hazardous material, hazardous substance, solvent or oil as defined in or pursuant to the Resource Conservation and Recovery Act, as amended, the Comprehensive
Environmental Response, Compensation and Liability Act, as amended, the Federal Clean Water Act, as amended, or any other Federal,
State or local environmental law, regulation, ordinance, or rule, whether existing as of the date of this Lease or subsequently
enacted.

 

		14.04	Survival. The representations and indemnities contained
in this ARTICLE Fourteen will survive the expiration or termination of this Lease.

 

ARTICLE FIFTEEN

 

MISCELLANEOUS

 

		15.01	Force Majeure. If performance by Landlord or Tenant of
any term, condition or covenant in this Lease (other than the payment of Rent or any other sum due and owing) is delayed or prevented
by any Act of God, strike, lockout, shortage of material or labor, restriction by any governmental authority, civil riot, flood,
or any other cause not within the control of Landlord or Tenant, as applicable, the period for performance of the term, condition
or covenant will be extended for a period equal to the period Landlord or Tenant, as applicable, is so delayed or prevented.

 

		15.02	Interpretation. The captions of the Articles or Sections
of this Lease are to assist the parties in reading this Lease and are not a part of the terms or provisions of this Lease. Tenant
shall be responsible for the conduct, acts and omissions of Tenant's agents, employees, customers, contractors, invitees, agents,
successors or others using the Premises with Tenant's expressed or implied permission. Whenever required by the context of this
Lease, the singular will include the plural and the plural will include the singular, and the masculine, feminine and neuter genders
will each include the other.

 

		15.03	Waivers. All waivers to provisions of this Lease must be
in writing and signed by the waiving party. Landlord's delay or failure to enforce any provisions of this Lease or its acceptance
of late installments of Rent will not be a waiver and will not prevent Landlord from enforcing that provision or any other provision
of this Lease in the future.

 

		15.04	Severability. A determination by a court of coinpetent
jurisdiction that any provision of this Lease is invalid or unenforceable will not cancel or invalidate the remainder of that
provision or this Lease, which will remain in full force and effect.

 

		15.05	Joint and Several Liability. All parties signing this Lease
as Tenant shall be jointly and severally liable for all obligations of Tenant.

 

		15.06	Amendments or Modifications. This Lease is the only agreement
between the parties pertaining to the lease of the Premises and no other agreements are effective unless made a part of this Lease.
All amendments to this Lease must be in writing and signed by all parties. Any other attempted amendment will be void.

 

		15.07	Notices. All notices and other communications required
or permitted under this Lease must be in writing and will be deemed delivered, whether actually received or not, on the earlier
of: (i) actual receipt if delivered in person or by messenger with evidence of delivery; or (ii) receipt of an electronic facsimile
transmission ("Fax") with confirmation of delivery; (iii) upon deposit in the United States Mail as required below.
Notices may be transmitted by Fax to the Fax telephone numbers specified in ARTICLE One on the first page of this Lease,
if any, or (iv) if by electronic email, the notice shall be deemed delivered upon confirmation of delivery of said notice, provided
a copy of such notice is deposited the same date with any nationally recognized airborne/overnight delivery service. Notices delivered
by mail must be deposited in the U.S. Postal Service, certified mail, return receipt requested, postage prepaid, and properly
addressed to the intended recipient as set forth in ARTICLE One. After possession of the Premises by Tenant, Tenant's address
for notice purposes will be the address of the Premises unless Tenant notifies Landlord in writing of a different address to be
used for that purpose. Any party may change its address for notice by delivering written notice of its new address to all other
parties in the manner set forth above.

 

    	COMMERCIAL LEASE AGREEMENT	Page 14 

     

    

 

		15.08	Attorneys' Fees. If on account of nny breach or default
by any party to this Lease in its obligations to any other party to this Lease, it becomes iiecessary for a party to employ an
attorney to enforce or defend any of its rights or remedies under this Lease, the non-prevailing party agrees to pay the prevailing
party its reasonable attorneys' fees and court costs, if any, whether or not suit is instituted in connection with the enforcement
or defense.

 

		15.09	Venue. All obligations under this Lease will be performed
and payable in the county in which the Premises is located other than obligations to pay any monies to Landlord, which are performable
in Tarrant County, Texas, or in such other county as Tenant may be conducting business. The laws of the State of Texas will govern
this Lease.

 

		15.10	Survival. All obligations of any party to this Lease that
are not fulfilled at the expiration or the termination of this Lease will survive such expiration or termination as continuing
obligations of the party.

 

		15.11	Binding Effect. This Lease will inure to the benefit of,
and be binding upon, each of the parties to this Lease and their respective heirs, representatives, successors and assigns. However.
Landlord shall not have any obligation to Tenant's successors or assigns unless the rights or interests of the successors or assigns
are acquired in accordance with the terms of this Lease.

 

		15.12	Principal Broker: The principal broker on this lease is
Philip Levy, 300 Throckmorton Street, Suite 1500, Fort Worth, Texas 76102.

 

		15.13	Tenant Improvement Allowance. N/A

 

		15.14	Offer. The execution of this Lease by the first party to
do so constitutes an offer to lease the Premises. Unless within five (5) days after the date of its execution by the first party
to do so, this Lease is signed by the other party and a fully executed copy is delivered to the first party, such offer to lease
will be automatically withdrawn and terminated.

 

		15.15	Exhibits and Addenda. Any exhibit or addendum attached
to this Lease is incorporated as a part of this Lease for all purposes. Any tenn not specifically defined in the Addenda will
have the same meaning given to it in the body of this Lease. To the extent any provisions in the body of this Lease conflict with
the Addenda, the Addenda will control.

 

	Exhibit A 	Legal Description of the Premises
	Addendum A	Renewal Option
	Addendum B	Right of First Offer
	Addendum C	Lease Guaranty Agreement
	Addendum D	SNDA (To be attached during Feasibility Period)

 

EXECUTED as of the Effective Date.

 

	LANDLORD	TENANT
	 	 
	Rich Uncles NNN Operating Partnership, LP	Calculated Risk Bedford, LP

 

	By: Rich Uncles NNN REIT, Inc., its	 	 
	General Partner	By:	 
	 	Adam Smith
	 	President/Owner

 

	By:	  ______________	 	 
	Name:	Date of Execution:	 	 
	 	  ______________ 	 	____________________
		Title: ______________	 	 

 

Date
of Execution: _____________________ 

 

    	COMMERCIAL LEASE AGREEMENT	Page 15 

     

    

 

EXHIBIT A

 

LEGAL DESCRIPTION / SURVEY

 

5.943 ACRES DESCRIPTION

 

STATE OF TEXAS

COUNTY OF TARRANT

 

WHEREAS ANS Real Estate, Ltd.,
a Texas limited partnership, is the sole owner of a tract of land situated in the City of Bedford, Tarrant County, Texas, out of
the T. W. Williams Survey, Abstract Number 1735, and being part of Lot 1-R, Block 1 of the First State Bank Addition to the City
of Bedford, Tarrant County, Texas, as per plat recorded in Tarrant County Document Number D215149020 of the Plat Records of Tarrant
County, Texas, the same being part of that called 5.822 acres of land described in a deed to ANS Real Estate, Ltd, recorded in
Tarrant County Clerk's Document Number D212289619, and part of that called 1.00 acres of land described in a deed to ANS Real Estate,
Ltd, recorded in Tarrant County Document Number 1)215007238, and being further described by metes and bounds as follows:

 

BEGINNING at a 1/2 inch steel
rod found at the Northwest corner of said 5.822 acres, being the Northwest corner of said Lot 1-R;

 

THENCE North 89 degrees 21 minutes
15 seconds East, 417.55 feet to a 5/8 inch steel rod found at the Northeast corner of said 5.822 acres, being the Northeast corner
of said Lot I-R;

 

THENCE South 01 degrees 01 minutes
50 seconds East, 627.94 feet to a 1/2 inch steel rod found in the North line of Shoalmont Road, at the Southeast corner of said
5.822 acres, being the Southeast corner of said Lot 1-R;

 

THENCE North 89 degrees 45 minutes
36 seconds West, 401.39 feet to a 1/2 inch steel rod set capped "1519 Surveying" in the North line of Shoaltnont Road;

 

THENCE North 00 degrees 19 minutes
00 seconds West, 182.35 feet to a 1/2 inch steel rod set capped "1519 Surveying";

 

THENCE South 89 degrees 35 minutes
38 seconds West, 24.00 feet to a 5/8 inch steel rod found at an inside ell corner of said 5.822 acres, being the inside ell corner
of said Lot 1-R;

 

THENCE North 00 degrees 19 minutes
00 seconds West, 439.27 feet to the Point of Beginning, containing 5.943 acres of land.

 

Bearings based on Grid North, State Plane Coordinate
System, NAD83, Texas North Central Zone 4202.

 

    	EXHIBIT “A”— LEGAL DESCRIPTION	Page 1 

     

    

 

Addendum "A" to Lease

RENEWAL OPTION

 

1.          Renewal
Option. Tenant shall have the right to renew and extend the Term with respect to the Premises for the Renewal Term (herein
so called) upon and subject to the following terms and conditions.

 

(a)       Tenant
may renew this Lease two (2) times for five (5) years each with a ten percent (10%) increase per renewal option. Tenant must give
written notice of its intention to renew the Lease at least six (6) months prior to the expiration of the original Term of the
Lease or the first renewal, as the case may be. Such Renewal Term shall commence immediately upon the expiration of the existing
Term, and upon exercise of such renewal option, the "Expiration Date" of the Term shall automatically become the last
day of the Renewal Term.

 

(b)      Tenant
shall not have the right to exercise the renewal option at a time when Tenant is in default under this Lease. Tenant's failure
to exercise timely the renewal option for any reason whatsoever shall conclusively be deemed a waiver of such renewal option.

 

(e)       Tenant
shall take the Premises "as is" for the Renewal Term and Landlord shall have no obligation to make any improvements or
alterations to the Premises.

 

(d)      Except
as set forth in this section, the leasing of the Premises for the Renewal Term shall be upon the same terms and conditions as are
applicable for the original Term, and shall be upon and subject to all of the provisions of this Lease.

 

    	COMMERCIAL LEASE AGREEMENT – RENEWAL OPTION	Page 1 

     

    

 

Addendum "B" to Lease

RIGHT OF FIRST OFFER

 

1.       Option.
Provided Tenant has faithfully complied with all of the terms and conditions of this Lease and is not then in default under any
term or condition of this Lease, Landlord grants to Tenant an ongoing right of first offer on the Premises (the "ROFO"),
valid and exercisable by Tenant during the Lease Term, including any renewals (as the same may be extended from time to time),
subject to the following terms.

 

2.       Exercise.
If Landlord elects to sell the Premises, Landlord must first notify Tenant in writing setting forth all the material terms and
conditions upon which Landlord is prepared to sell the Premises to Ten-ant ("Term Notice"). If, within ten (10) days
from the date of the Term Notice, Tenant fails to give Landlord notice that Tenant elects to purchase the Premises pursuant to
the terms set forth in the Term Notice, the ROFO shall lapse and be of no further force and effect, and Landlord may market and
sell the Premises to third parties. If Tenant exercises the ROM but fails to close for any reason other than Landlord's default,
the ROFO shall lapse and be of no further force and effect. If Tenant exercises its ROFO, Landlord shall have the right to enforce
specific performance to close.

 

3.       Closing.
If Tenant exercises the ROFO, the closing of the purchase transaction contemplated hereunder shall be held on the sixtieth (60th)
day following delivery of notice of exercise of Tenant's ROFO, subject to the terms and conditions set forth in this Rider (or
if such closing date is a Saturday, Sunday or le-gal holiday, the next business day) at the offices of the title company specified
by Landlord. At the closing, Landlord shall convey all of its right, title and interest in and to the Premises to Tenant by special
warranty deed (warranting against the Landlord's acts only), free and clear of all liens or encumbrances (except for municipal
and zoning ordinances, recorded building restrictions and covenants, recorded easements for public utilities serving the Premises,
general real estate taxes levied in the year of closing and net yet due and payable, the Lease and Tenant's interest in the Premises,
and any other matter within the title commitment) caused by the act or neglect of Landlord, unless such encumbrances were created
at the request or with the consent of the Tenant. The purchase price shall be paid in cash in full at closing, subject only to
adjustments for prepaid rent, if any.

 

4.       Closing
Expenses. Landlord shall pay (i) basic title insurance premium for an Owner's title policy in the amount of the purchase price,
(ii) all recording costs for any title curative document and (iii) Landlord's counsel and professional fees. Tenant shall pay (i)
[intentionally omitted], (ii) any deletion, endorsements or other such charges related to the Owner's title policy and (iii) Tenant's
counsel and professional fees. At closing Tenant may, subject to consent by Landlord and Landlord's mortgagee(s), assume the outstanding
balance due under Land-lord's mortgage loan(s) and receive a credit against the purchase price due Landlord in the amount of the
principal balance assumed, provided that Landlord and any guarantor shall be released, in form satisfactory to Landlord, from any
and all liability under any such assumed loan. Any and all state and local transfer fees, stamp taxes or similar transfer taxes
imposed by reason of the conveyance shall be allocated between Tenant, as buyer, and Landlord, as seller, in accordance with the
then customary practice in Tarrant County, Texas.

 

5.       Termination
of ROM. For the avoidance of any doubt, the ROFO granted in this Rider shall terminate and be of no further force and effect upon
the earlier to occur of (i) the expiration or earlier termination of this Lease or the Lease Term (as extended from time to time)
for any reason, and (ii) Tenant's failure to exercise its right within the time period provided in Section 1, above; provided,
however, if Landlord does not close on the conveyance of the Landlord's interest in the Premises to a bona fide third party upon
terms and conditions substantially similar to those set forth in the Term Notice, then the ROM shall revive and be in full force
and effect as to any subsequent good faith offers. If Tenant fails to exercise the ROFO pursuant to the terms of this Rider, upon
request from Landlord, Tenant shall deliver to Landlord an instrument fit for recording in Tarrant County, Texas, signed and notarized
by Tenant stating that Tenant has waived its right of first refusal. Tenant hereby recognizes and agrees that the ROFO granted
herein is personal to Tenant or its Permitted Assignee (as defined in Section 10.02 of the Lease) and shall otherwise terminate
upon any assignment or subletting of Tenant's entire interest in the Lease.

 

6.       Recording.
Tenant may record a memorandum of the right of first offer granted herein, but such memorandum shall only contain (i) the name
and address of Landlord and Tenant, (ii) notice that a right of first offer exists
pursuant to the terms set forth in this Lease, and (iii) a statement that such right of first offer is only valid during the Lease
Term, as extended from time to time, and is personal to Tenant or a Per-milled Assignee (as defined in Section 10.02 of
the Lease).

 

    	COMMERCIAL LEASE AGREEMENT — RIGHT OF
FIRST OFFER
	Page 2 

     

    

 

Addendum "C" to Lease

LEASE GUARANTY AGREEMENT

 

Section 1.          Guaranty. For value received, and in
order to induce ____________________[RICH UNCLES PURCHASING ENTITY]("Landlord"), to execute that certain Commercial Lease
Agreement (the "Lease") with Calculated Risk Bedford, LP dba Texas Harley-Davidson ("Tenant"), for the leased
premises consisting of the Property located at I Texas Harley Way, Bedford, Texas 76021, (together with any and all extensions
or renewals thereof and amendments and modifications thereto, the "Lease"), Adam Smith ("Guarantor"), hereby
unconditionally guarantees to Landlord (and Landlord's successors and assigns) the full, prompt and faithfill performance of each
and every obligation of Tenant and any permitted assignee under the 1-ease, including, without limitation, the full and
punctual payment (in the manner and at the times prescribed in the Lease) of all sums due and owing or to become due and owing
by Tenant under the Lease (the "Guaranteed Obligations"). All capitalized terms used in this Guaranty and not defined
in this Guaranty shall have the meaning given to such terms in the Lease

 

Section 2.          Term. The obligations of Guarantor as
to the Guaranteed Obligations shall continue in full force and effect against Guarantor until all Guaranteed Obligations have been
paid and performed in full. This Guaranty covers any and all of the Guaranteed Obligations, whether presently outstanding or arising
subsequent to the date hereof. This Guaranty is binding upon and enforceable against Guarantor and his heirs, legal representatives,
successors and assigns. Provided however, this Guaranty shall only remain in effect for Guaranteed Obligations arising prior to
the expiration of the period of the first seven (7) years following the Lease Commencement Date.

 

Section 3.          Benefit to Guarantor. Guarantor hereby
represents and warrants to Landlord that Guarantor is the sole shareholder of Tenant [PLEASE CLARIFY PROPER RELATIONSHIP AS TENANT
IS AN LP], and accordingly will ultimately receive a direct benefit from the making of this Guaranty.

 

Section 4.          Waiver of Rights.
Guarantor hereby waives (a) notice of acceptance hereof (which acceptance is conclusively presumed by delivery to Landlord); (b)
grace, demand, presentment and protest with respect to the Guaranteed Obligations or to any instrument, agreement or document evidencing
or creating same; (c) notice of grace, demand, presentment, protest, non-payment or other defaults; (d) notice of and/or any right
to consent or object to the assignment of any interest in the Lease or the Guaranteed Obligations; (e) the renewal, extension,
amendment and/or modification of any of the terms and provisions of the Lease; (0 filing of suit against Tenant, and diligence
by Landlord in collection or enforcement of the Guaranteed Obligations; and (g) any other notice regarding the Guaranteed Obligations.
Guarantor specifically waives any requirements imposed by Chapter 34 of the Texas Business and Commerce Code.

 

    	COMMERCIAL LEASE AGREEMENT — LEASE GUARANTY AGREEMENT
	Page 1

     

    

 

Section
5.          Primary Liability of Guarantor. This Is an absolute, unconditional, irrevocable and continuing guaranty of payment, and constitutes
a primary obligation of Guarantor. If for any reason Tenant defaults in the payment of any rents or fails to pay any other amounts
(including damages) payable pursuant to the Lease beyond the expiration of any applicable notice and cure period(s) pursuant to
the Lease, Guarantor will immediately pay such sums at the place and to the person entitled thereto pursuant to the Lease. Guarantor
agrees that Landlord is not required, as a condition to establishing Guarantor's liability hereunder, to proceed against any person
(including, without limitation, Tenant or any other guarantor). Guarantor hereby expressly waives any right or claim to force Landlord
to proceed first against Tenant or any other guarantor as to any of the Guaranteed Obligations or other obligations ofTenant, and
agrees that no delay or refusal of Landlord to exercise any right or privilege which Landlord has or may have against Tenant, whether
arising from any documents executed by Tenant, any common law, applicable statute or otherwise, shall operate to impair the liability
of Guarantor hereunder. The obligations of the Guarantor hereunder shall not be reduced, impaired or in any way affected by: (a)
receivership, insolvency, bankruptcy or other proceedings affecting the Tenant or any of the Tenant's assets; (b) receivership,
insolvency, bankruptcy or other proceedings affecting Guarantor or any of Guarantor's assets; or (c) the release or discharge of
Tenant from the Lease or any of the Guaranteed Obligations or any other indebtedness of the Tenant to Landlord or from the performance
of any obligation contained in the Lease or other instrument issued in connection with, evidencing or securing any indebtedness
guaranteed by this instrument, whether occurring by reason of law or any other cause, whether similar or dissimilar to the foregoing.
This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed
Obligations is rescinded or must otherwise be returned by Landlord upon the insolvency,
bankruptcy or reorganization of Tenant or otherwise. The obligations and undertakings of the Guarantor under this Guaranty shall
not be affected or impaired by reason of the happening from time to time of any of the following with respect to the Lease or this
Guaranty or any assignment of the rights of Landlord hereunder (even if without notice to or the further consent of the Guarantor):
(a) any assignment, subletting or mortgaging or the purported assignment, subletting or mortgaging of all or any part of the interest
of Tenant in the Lease or in the Premises (as defined in the Lease); (b) unless binding on Landlord as a waiver enforceable by
Tenant, the waiver by Landlord of the observance or performance by Tenant or by the Guarantor of any of the obligations or undertakings
contained in any of such instruments; (c) the extension of the time for payment by Tenant or the Guarantor of any rents or other
payments, tenders or securities or any other sums or any part thereof owing or payable under any of such instruments, or the extension
or the renewal of any thereof; (d) the modification or amendment (whether material or otherwise) of any obligation or undertaking
of Tenant set forth in any of such instruments, including the Lease (provided the Guarantor's guaranty shall thereafter guarantee
Tenant's obligations as so modified and amended); (e) the taking or the omission of any of the actions referred to in any of such
instruments; (ft any failure, omission, delay or lack on the part of Landlord to enforce, assert or exercise any right, power or
remedy conferred on Landlord in any such instruments or any action on the part of Landlord granting indulgency or extension in
any form; (g) the release, substitution or replacement (whether or not in accordance with the terms of the Lease) of the Premises
or any portion thereof; or (h) the receipt and acceptance by Landlord of notes, checks or other instruments for the payment of
money made by Tenant and extensions and renewals thereof. In the event that any Guaranteed Obligation is paid by Tenant, and thereafter
all or part of such payment is recovered from the party to whom it is paid as a preferential or fraudulent transfer under the Federal
Bankruptcy Code, and/or applicable State insolvency laws, or any other similar federal or state law now or hereinafter in effect,
Guarantor agrees that the liability of Guarantor under this Guaranty in respect to such Guaranteed Obligations so paid and recovered
shall continue and remain in full force and effect as if and to the extent such payment had not been made. The Guarantor's obligations
under this Guaranty are independent of any obligation of Tenant, and will not be released or affected in any way because of the
invalidity, ineffectiveness or unenforceability of the Lease.

 

Section 6.          Subordination and
Waiver of Subrogation. Guarantor hereby fully subordinates the payment of all indebtedness owing to such Guarantor by Tenant (including
principal and interest) to the prior payment of all indebtedness of Tenant to Landlord arising from or accruing under the Lease
(including, without limitation, interest accruing on any such indebtedness after any insolvency or reorganization proceeding as
to Tenant) and agrees not to accept any payment on the same until payment in full of the Guaranteed Obligations, and not to attempt
to set off or reduce any obligations hereunder because of such indebtedness. Until all of the Guaranteed Obligations shall have
been paid or performed in full, Guarantor shall have no right of subrogation or any other right to enforce any remedy which Landlord
now has or may hereafter have against Tenant.

 

Section 7.          Attorneys' Fees.
Guarantor unconditionally agrees to pay Landlord collection expenses (including, without limitation, court costs and reasonable
attorneys' fees) if enforcement hereof is placed in the hands of an attorney, including, but expressly not limited to, enforcement
by suit or through probate, bankruptcy or any judicial proceedings.

 

Section S.          Cumulative Rights.
All rights of Landlord hereunder or otherwise arising under any documents executed in connection with the Guaranteed Obligations
are separate and cumulative and may be pursued separately, successively, cutnulatively or concurrently, or not pursued, without
affecting or limiting any other right of Landlord and without affecting or impairing the liability of Guarantor. Guarantor agrees
that repeated and successive demands may be made, and recoveries may be had, hereunder as and when, from time to time, Tenant shall
fail to pay Guaranteed Obligation when due and that notwithstanding the recovery hereunder for or in respect of any given failure
by Tenant under the Lease, this Guaranty shall remain in full force and effect and shall apply to each and every subsequent such
failure.

 

Section 9.          Applicable Law.
This Guaranty shall be governed by and construed in accordance with the laws of the United States of America and the State of Texas,
and is intended to be performed in accordance with and as permitted by such laws. This Guaranty cannot be changed or terminated
orally. Any party bringing a legal action or proceeding against any other party arising out of or relating to this Guaranty must
bring such legal action or proceeding in the applicable court(s) of Tat-rant County, Texas having jurisdiction over the subject
matter of such action or proceeding, and each party submits to the jurisdiction of such court(s). The Guarantor hereby irrevocably
waives any objection, including, without limitation, any objection to the laying of venue or based on the grounds of forum non
conveniens, which it may now or hereafter have to the bringing of any such action or proceeding in any such jurisdiction and consents
to the granting of such legal or equitable relief as is deemed appropriate by the court.

 

    	COMMERCIAL LEASE AGREEMENT — LEASE GUARANTY AGREEMENT
	Page 2 

     

    

 

Section 10.         Landlord's Assigns.
This Guaranty is intended for and shall inure to the benefit of Landlord and each and every person who shall from time to time
be or become the owner or holder of all or any part of the Lease and/or the Guaranteed Obligations, and each and every reference
herein to "Landlord" shall include and refer to each and every successor or assignee of Landlord at any time holding
or owning any part of or interest in any part of the Lease and/or the Guaranteed Obligations.

 

Section 11.         Representations
and Warranties. The Guarantor represents and warrants to the Landlord, on and as of the date hereof;

 

		(a)	The Guarantor is an individual resident of the Slate of
Texas;

 

		(b)	No governmental action is required to be taken, given or obtained, as the case may be, by or front
any governmental authority and no filing, recording, publication or registration in any public office or any other place, is necessary
to authorize the execution, delivery and performance by the Guarantor of this Guaranty or for the legality, validity, binding effect
or enforceability hereof;

 

		(C)	The execution and delivery of this Guaranty by the Guarantor
and the performance of its obligation hereunder will not contravene any applicable law, or any judgment or order applicable to
or binding on it, or contravene or result in any breach of, or constitute any default under, its articles of incorporation or
any indenture, mortgage, contract, agreement or instrument to which the Guarantor is a party or by which any of its properties
may be bound; and

 

		(d)	The execution, delivery and performance of this Guaranty
by the Guarantor has been duly authorized by all necessary corporate action; this Guaranty has been duly executed and delivered
by the Guarantor and constitutes the legal, valid and binding obligation of the Guarantor enforceable against the Guarantor in
accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, fraudulent
conveyance, liquidation or similar laws affecting creditors' rights generally and by general principles of equity.

 

Section 12.        Entire Agreement. This Guaranty constitutes
the entire agreement of the parties with respect to the subject matter hereof, and all prior correspondence, memoranda, agreements
or understandings (written or oral) with respect hereto are merged into and superseded by this Guaranty.

 

Section 13.        Notices. Notices
required to be given to the Guarantor shall be in writing and shall be deemed given when placed in a depository of the United States
Postal Service, postage prepaid, addressed to the Guarantor at the address for the Tenant set forth in the Lease (or such other
address as the Guarantor may designate in writing to Landlord).

 

Section 14.         Multiple Originals. This Guaranty
may be executed in multiple counterparts each of which shall constitute an original agreement as to the party signing same, but
all of which shall constitute a single agreement.

 

Section 15.         Financials: On
or before the Commencement Date, Guarantor shall provide Landlord with current financial statements (including but not limited
to balance sheet, income statement, and cash flow statement) dated no earlier than February 1, 2017, prepared in accordance with
generally accepted accounting practices, the federal tax basis accounting (consistently applied) or such other method of accounting,
consistently applied, utilized by Guarantor in the preparation of financial statements heretofore delivered to Landlord, and certified
by Guarantor as being true and correct in all material respect. If Landlord desires to finance, refinance or sell the Premises
or any part thereof, Guarantor shall within 10 business days after request from Landlord deliver to any potential lender or purchaser
designated by Landlord financial statements which are substantially in the same form and content as initially delivered to Landlord
as provided above, Guarantor shall not be required to deliver such requested financial statements more than once during the term
of this Guaranty (which is in addition to the financial statements initially delivered to Landlord as provided above).

 

    	COMMERCIAL LEASE AGREEMENT — LEASE GUARANTY AGREEMENT
	Page 3 

     

    

 

EXECUTED on the date of the acknowledgment set forth below to
be effective, however, as of_____2017.

 

GUARANTOR:

 

	 	 
	Adam Smith	 

 

	THE STATE OF TEXAS  	
        §

        §

        §

	 
	COUNTY OF _____________ 

 

This instrument was acknowledged before me this_____day of_________2017 by____________________

 

	 	 	 
	 	 	Notary Public in and for the State of Texas
	 	 	 
	 	 	 
	Printed Name of Notary	 	 

 

My Commission Expires

 

    	COMMERCIAL LEASE AGREEMENT — LEASE GUARANTY AGREEMENT
	Page 4 

     

    

 

PURCHASE ADDENDUM TO 

COMMERCIAL EARNEST MONEY CONTACT (REAL ESTATE AGREEMENT) 

BETWEEN ANS REAL ESTATE LTD., AS SELLER, AND RICH UNCLES NNN 

OPERATING 

PARTNERSHIP, LP, AS BUYER

 

This
Purchase Addendum is attached to, and made a part of the Earnest Money Contract (the Agreement") between
ANS REAL ESTATE LTD., as Seller, and RICH UNCLES NNN OPERATING PARTNERSHIP, LP, a Delaware limited partnership, as Buyer (the "Agreement").
If there is any conflict between the provisions of the Agreement and the provisions of this Addendum,
the provisions of this Addendum shall control. All paragraph references are to paragraphs in the Agreement and/or in this Addendum.
All terms defined in the Agreement and this Addendum shall be applicable to both the Agreement and this Addendum.

 

		36.	REPRESENTATIONS AND WARRANTIES.

 

36.1
Seller's Representations and Warranties. As a material inducement to Buyer to
execute this Agreement and consummate this transaction, Seller represents and warrants to Buyer that, as of the date hereof and
as of the date of the Closing:

 

36.1.1 Seller is a Texas limited
partnership duly organized, validly existing and in good standing under the laws of the Texas, and is entitled to and has all requisite
power and authority to own and operate its assets as they are presently owned and operated, to enter into this Agreement and to
carry out the transactions contemplated hereby.

 

36.1.2 The execution of this
Agreement by Seller, the consummation of the transactions herein contemplated, and the execution and delivery of all documents
to be executed and delivered by Seller, have been or will be duly authorized by all requisite action on the part of Seller and
this Agreement has been and all documents to be delivered by Seller pursuant to this Agreement, will be, duly executed and delivered
by Seller and is or will be, as the case may be, binding upon and enforceable against Seller in accordance with their respective
terms.

 

36.1.3 Except for the Lease,
there is no lease or other tenancies for any space in the Property. Seller has delivered (or will promptly deliver after request
by Buyer), true, correct, complete and legible copies of the Lease (including all applicable guarantees, amendments, letter agreements,
addenda and/or assignments thereof) and subleases, if any, and any other agreements between Seller (or any affiliate of Seller)
and Tenant (or any affiliate of Tenant).

 

36.1.4
There are no actions, suits or other proceedings by any person, firm, corporation, Tenant or by any Governmental Authority now
pending or, to Seller's knowledge, threatened against or affecting the Property or any part thereof nor, to Seller's knowledge,
are there any investigations pending or threatened against or affecting the Property by any governmental authority.

 

    	Seller’s Initials:Ig	Buyer’s

     

    

 

36.1.5 Seller has no knowledge
of any pending or threatened (a) eminent domain proceedings affecting the Property, in whole or in part, or (b) action or proceeding
to change road patterns or grades which would affect ingress to or egress from the Property. Seller has not and will not, without
the prior written consent of Buyer, take any action before any governmental authority, the object of which would be to change the
present zoning of or other land use limitations, upon the Property, or any portion thereof, or its potential use, and, to Seller's
knowledge, there are no pending proceedings, the object of which would be to change the present zoning or other land use limitations.

 

6.1.7 All general real estate
taxes, assessments and personal property taxes that have become due with respect to the Property (except for those that will be
prorated at Closing) have been paid or will be so paid by Seller prior to Closing.

 

6.1.8 To the best of Seller's
knowledge, Seller is not a person or entity with whom Seller is restricted from doing business under regulations of the Office
of Foreign Asset Control ("OFAC") of the Department of the Treasury (including, but not limited to, those named on OFAC's
Specially Designated and Blocked Persons list) or under any related statute, Executive Order (including, but not limited to, the
September 24,2001, Executive Order Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit,
or Support Terrorism), or other similar governmental action.

 

6.1.9 Seller is not a "foreign
person" within the meaning of Section 1445(0(3) of the Internal Revenue Code.

 

6.1.10 Except for this Agreement,
Seller has not granted any option agreements or rights of first refusal with respect to the purchase of the Property or any other
unexpired rights in favor of third persons to purchase or otherwise acquire all or any part of the Property.

 

6.1.11 There is no agreement to
which Seller is a party or, to Seller's knowledge, which is binding on Seller which conflicts with this Agreement. To Seller's
knowledge, there is no action or proceeding pending or threatened against Seller or the Property which impairs Seller's ability
to execute or perform its obligations under this Agreement.

 

6.1.12 To Seller's knowledge the
documents which are part of Seller's Property Information which were delivered or made available by Seller for Buyer's review are
true and correct in all material respects and are complete copies of such documents.

 

36.2 Buyer's
Representations and Warranties. As a material inducement to Seller to execute this Agreement and consummate this transaction,
Buyer represents and warrants to Seller that:

 

    	Seller’s Initials:IL	- 2 -	Buyers’s Initialse

     

    

 

36.2.1 Buyer is and will continue
to be until the Closing an entity, duly and validly existing in the state of its formation.

 

36.2.2 The execution of this
Agreement by Buyer, the consummation of the transactions herein contemplated, and the execution and delivery of all documents to
be executed and delivered by Buyer, have been or will be, prior to the Closing, duly authorized by all requisite action on the
part of Buyer and this Agreement has been, and all documents to be delivered by Buyer pursuant to this Agreement, will be, duly
executed and delivered by Buyer and is or will be, as the case may be, binding upon and enforceable against Buyer in accordance
with their respective terms;

 

36.2.3 Neither the execution
of this Agreement nor the carrying out by Buyer of the transactions contemplated herein will result in any violation of or be in
conflict with the instruments pursuant to which Buyer was organized and/or operates, or any applicable law, rule or regulation
of any Governmental Authority, or of any instrument or agreement to which Buyer is a party and no consent or approval of any third
party is required for the execution of this Agreement by Buyer or the carrying out by Buyer of the transactions contemplated herein.

 

36.2.4 To the best of Buyer's
knowledge, Buyer is not a person or entity with whom Seller is restricted from doing business under regulations of the OFAC of
the Department of the Treasury (including, but not limited to, those named on OFAC's Specially Designated and Blocked Persons list)
or under any related statute, Executive Order (including, but not limited to, the September 24, 2001, Executive Order Blocking
Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism), or other similar governmental
action.

 

		37.	CONDITIONS PRECEDENT

 

37.1 Buyer's Conditions.
The obligations of Buyer to consummate the transactions contemplated herein shall be subject to the fulfillment of the following
conditions ("Buyer's Conditions"), any of which may be waived in writing
by Buyer in its sole and absolute discretion:

 

37.1.1 The
representations and warranties of Seller made herein shall be true and correct in all material respects, Seller shall have
performed all covenants and agreements made herein and Seller shall have delivered to the Escrow Holder all the closing
documents required pursuant to Paragraphs 3.A and 3.11 hereof.

 

37.1.2 If requested by Buyer
prior to the expiration of the Inspection Period, Buyer's receipt of a subordination, non-disturbance and attomment agreement ("SNDAs")
from the Tenant pursuant to the Lease in the controlling form of such Lease, or if there is no such controlling form,
in a commercially reasonable form as requested by Buyer.

 

    	Seller’s Initials://	- 3 -	Buyers’s Initials.__

     

    

 

37.1.3 Buyer's receipt of an estoppel
certificate from the Tenant pursuant to the Lease, substantially in the form attached to the Lease as Exhibit F thereto (the "Tenant
Estoppel Certificate") evidencing that there are no defaults by either landlord or tenant under the Lease, that there
has been no amendment of the Lease other than as reflected in the Lease delivered to Buyer as well as other items set forth in
Tenant Estoppel Certificate reasonably approved by Buyer. Seller shall request and use its good faith efforts to obtain from Tenant
the Tenant Estoppel Certificate at least five (5) days before the anticipated Closing Date.

 

37.1.4 If requested by Buyer prior
to the expiration of the Inspection Period, and if applicable, Buyer's receipt of an estoppel(s) in commercial reasonable form
from each declarant or association under any CC&Rs or REA encumbering the Property and all dues and fees allocable to the Property
thereunder are current and that there are no known defaults thereunder with respect to the Property (collectively, "Association
Estoppel").

 

37.1.5 An unconditional and irrevocable
agreement by the Title Company to issue the Title Policy.

 

If any of the Buyer's Conditions
shall not be satisfied or waived in writing as of the Closing Date, Buyer shall have the right at Buyer's sole discretion and without
limiting any other right or remedy of Buyer, (i) to adjourn the Closing Date to allow Seller additional time to satisfy Buyer's
Conditions, or (ii) provided that Buyer is not in default under this Agreement, to terminate this Agreement by giving written notice
to Seller in which event Buyer shall receive a return of the Deposit and, if Seller is in default hereunder, Buyer's Pursuit Costs,
whereupon neither party shall have any further rights or obligations hereunder except for any provisions of this Agreement that
expressly survive termination.

 

37.2 Seller's Conditions.
The obligations of Seller to consummate the transactions contemplated herein shall be subject to the fulfillment of the following
conditions ("Seller's Conditions"), any of which may be waived in writing by Buyer in its sole and absolute discretion:

 

37.2.2 The representations
and warranties of Buyer made herein shall be true and comet in all material respects, Buyer shall have performed all covenants
and agreements made herein and Buyer shall have delivered to the Escrow Holder all the closing documents required pursuant
to Paragraph 3.0 hereof.

 

If any of the Seller's Conditions
shall not be satisfied or waived in writing as of the Closing Date, Seller shall have the right at Seller's sole discretion and
without limiting any other right or remedy of Seller, (i) to adjourn the Closing Date to allow Buyer additional time to satisfy
Seller's Conditions, or (ii) provided that Seller is not in default under this Agreement, to terminate this Agreement by giving
written notice to Buyer in which event Buyer shall receive a return of the Deposit provided Buyer is not in default hereunder,
and if Buyer is in default hereunder, the Deposit shall be retained by Seller as liquidated damages, whereupon neither party shall
have any further rights or obligations hereunder except for any provisions of this Agreement that expressly survive termination.

 

    	Seller’s Initials:____	- 4 -	Buyers’s Initials:it_Exhibit 4.1

  

COMMON
STOCK PURCHASE WARRANT

 

Activecare,
inc.

 

	Warrant
    Shares: _______	Initial
    Exercise Date: [●] ___, [●]
	 	Issue
    Date: [●] ___, 2016

 

	 	CUSIP:
    ______________
	 	 
	 	ISIN:
    _______________

 

THIS
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ or its assigns
(the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter
set forth, at any time on or after [●] ___, 2016 (the “Initial Exercise Date”) and on or prior to the
close of business on the five (5) year anniversary of the Initial Exercise Date (the “Termination Date”) but
not thereafter, to subscribe for and purchase from ActiveCare, Inc., a Delaware corporation (the “Company”),
up to ______ shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase
price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant
shall initially be issued and maintained in the form of a security held in book-entry form and the Depository Trust Company or
its nominee (“DTC”) shall initially be the sole registered holder of this Warrant, subject to a Holder’s
right to elect to receive a Warrant in certificated form pursuant to the terms of the Warrant Agency Agreement, in which case
this sentence shall not apply.

 

Section
1.          Definitions. In addition to the terms defined elsewhere
in this Warrant, the following terms have the meanings indicated in this Section 1:

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Board
of Directors” means the board of directors of the Company.

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or
any day on which banking institutions in the State of New York are authorized or required by law or other governmental action
to close.

 

“Commission”
means the United States Securities and Exchange Commission.

 

“Common
Stock” means the common stock of the Company, par value $0.00001 per share, and any other class of securities into which
such securities may hereafter be reclassified or changed.

 

“Common
Stock Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to
acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument
that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive,
Common Stock

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Exempt
Issuance” means the issuance of (a) shares of Common Stock or options to employees, officers or directors of the Company
pursuant to any stock or option plan duly adopted for such purpose, by a majority of the non-employee members of the Board of
Directors or a majority of the members of a committee of non-employee directors established for such purpose, (b) securities upon
the exercise or exchange of or conversion of any Securities issued hereunder and/or other securities exercisable or exchangeable
for or convertible into shares of Common Stock issued and outstanding on the date of this Agreement, provided that such securities
have not been amended since the date of this Agreement to increase the number of such securities or to decrease the exercise price,
exchange price or conversion price of such securities, and (c) securities issued pursuant to acquisitions or strategic transactions
approved by a majority of the disinterested directors of the Company, provided that any such issuance shall only be to a Person
(or to the equity holders of a Person) which is, itself or through its subsidiaries, an operating company or an owner of an asset
in a business synergistic with the business of the Company and shall provide to the Company additional benefits in addition to
the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose
of raising capital or to an entity whose primary business is investing in securities.

 

     

     

    

 

“Liens”
means a lien, charge pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial
proceeding, such as a deposition), whether commenced or threatened.

 

“Registration
Statement” means the Company’s registration statement on Form S-1 (File No. 333-212589).

 

“Rule
144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose
and effect as such Rule.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Trading
Day” means a day on which the Common Stock is traded on a Trading Market.

 

“Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on
the date in question: the NYSE MKT, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the
New York Stock Exchange, OTCQB or OTCQX (or any successors to any of the foregoing).

 

“Transfer
Agent” means American Stock Transfer & Trust Company, with a mailing address of 59 Maiden Lane, Plaza Level, New
York, NY 11219 and a facsimile number of ([●]) [●]-[●], and any successor transfer agent of the Company.

 

“Warrant
Agency Agreement” means that certain Warrant Agency Agreement, dated as of the Initial Exercise Date, between the Company
and the Warrant Agent.

 

“Warrant
Agent” means the Transfer Agent and any successor warrant agent of the Company.

 

“Warrants”
means this Warrant and other Common Stock Purchase Warrants issued by the Company pursuant to the Registration Statement.

 

“Variable
Rate Transaction” means a transaction in which the Company (i) issues or sells any debt or equity securities that are
convertible into, exchangeable or exercisable for, or include the right to receive, additional shares of Common Stock either (A)
at a conversion price, exercise price or exchange rate or other price that is based upon, and/or varies with, the trading prices
of or quotations for the shares of Common Stock at any time after the initial issuance of such debt or equity securities or (B)
with a conversion, exercise or exchange price that is subject to being reset at some future date after the initial issuance of
such debt or equity security or upon the occurrence of specified or contingent events directly or indirectly related to the business
of the Company or the market for the Common Stock or (ii) enters into, or effects a transaction under, any agreement, including,
but not limited to, an equity line of credit, whereby the Company may issue securities at a future determined price.

 

    	 	2	 

     

    

 

Section
2.          Exercise.

 

a)         Exercise
of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial
Exercise Date and on or before the Termination Date by delivery to the Company (or such other office or agency of the Company
as it may designate by notice in writing to the registered Holder at the address of the Holder appearing on the books of the Company)
of a duly executed facsimile copy (or e-mail attachment) of the Notice of Exercise in the form annexed hereto. Within three (3)
Trading Days following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price for the shares
specified in the applicable Notice of Exercise by wire transfer or cashier’s check drawn on a United States bank unless
the cashless exercise procedure specified in Section 2(c) below is specified in the applicable Notice of Exercise. No ink-original
Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice
of Exercise form be required. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically
surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant
has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within three
(3) Trading Days of the date the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting
in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding
number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder
and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company
shall deliver any objection to any Notice of Exercise within five (5) Business Days of receipt of such notice. The Holder and
any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following
the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any
given time may be less than the amount stated on the face hereof.

 

Notwithstanding
the foregoing in this Section 2(a), a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing
this Warrant held in book-entry form through DTC (or another established clearing corporation performing similar functions), shall
effect exercises made pursuant to this Section 2(a) by delivering to DTC (or such other clearing corporation, as applicable) the
appropriate instruction form for exercise, complying with the procedures to effect exercise that are required by DTC (or such
other clearing corporation, as applicable), subject to a Holder’s right to elect to receive a Warrant in certificated form
pursuant to the terms of the Warrant Agency Agreement, in which case this sentence shall not apply.

 

b)          Exercise
Price. The exercise price per share of the Common Stock under this Warrant shall be $_____, subject to adjustment hereunder
(the “Exercise Price”).

 

c)          Cashless
Exercise. If at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained
therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole
or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive a number
of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

	 	(A) =	the
last VWAP immediately preceding the time of delivery of the Notice of Exercise giving rise to the applicable “cashless exercise”,
as set forth in the applicable Notice of Exercise (to clarify, the “last VWAP” will be the last VWAP as calculated
over an entire Trading Day such that, in the event that this Warrant is exercised at a time that the Trading Market is open, the
prior Trading Day’s VWAP shall be used in this calculation);
	 	 	 
	 	(B) =	the
Exercise Price of this Warrant, as adjusted hereunder; and
	 	 	 
	 	(X) =	the
number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if
such exercise were by means of a cash exercise rather than a cashless exercise.

 

    	 	3	 

     

    

 

If
Warrant Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9)
of the Securities Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised.  The
Company agrees not to take any position contrary to this Section 2(c).

 

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then
listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest
preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based
on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b)  if OTCQB or OTCQX is not a
Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or
OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the
Common Stock are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization
or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported,
or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected
in good faith by the holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company,
the fees and expenses of which shall be paid by the Company.

 

Notwithstanding
anything herein to the contrary, on the Termination Date, this Warrant shall be automatically exercised via cashless exercise
pursuant to this Section 2(c).

 

d)           Mechanics
of Exercise.

 

i.            Delivery
of Warrant Shares Upon Exercise. The Company shall cause the Warrant Shares purchased hereunder to be transmitted by the Transfer
Agent to the Holder by crediting the account of the Holder’s or its designee’s balance account with The Depository
Trust Company through its Deposit or Withdrawal at Custodian system (“DWAC”) if the Company is then a participant
in such system and either (A) there is an effective registration statement permitting the issuance of the Warrant Shares to or
resale of the Warrant Shares by Holder or (B) this Warrant is being exercised via cashless exercise, and otherwise by physical
delivery of a certificate, registered in the Company’s share register in the name of the Holder or its designee, for the
number of Warrant Shares to which the Holder is entitled pursuant to such exercise to the address specified by the Holder in the
Notice of Exercise by the date that is three (3) Trading Days after the delivery to the Company of the Notice of Exercise (such
date, the “Warrant Share Delivery Date”). Upon delivery of the Notice of Exercise, the Holder shall be deemed
for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant has been
exercised, irrespective of the date of delivery of the Warrant Shares, provided that payment of the aggregate Exercise Price (other
than in the case of a Cashless Exercise) is received within three Trading Days of delivery of the Notice of Exercise. If the Company
fails for any reason to deliver to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant Share Delivery
Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares
subject to such exercise (based on the VWAP of the Common Stock on the date of the applicable Notice of Exercise), $10 per Trading
Day (increasing to $20 per Trading Day on the fifth Trading Day after such liquidated damages begin to accrue) for each Trading
Day after such Warrant Share Delivery Date until such Warrant Shares are delivered or Holder rescinds such exercise. The Company
agrees to maintain a transfer agent that is a participant in the FAST program so long as this Warrant remains outstanding and
exerciseable.

 

    	 	4	 

     

    

 

ii.         Delivery
of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder
and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant
evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall
in all other respects be identical with this Warrant.

 

iii.        Rescission
Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section
2(d)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

 

iv.         Compensation
for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights available to the Holder,
if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance with the provisions
of Section 2(d)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder
is required by its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise
purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated
receiving upon such exercise (a “Buy-In”), then the Company shall (A) pay in cash to the Holder the amount,
if any, by which (x) the Holder’s total purchase price (including brokerage commissions, if any) for the shares of Common
Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that the Company was required
to deliver to the Holder in connection with the exercise at issue times (2) the price at which the sell order giving rise to such
purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion of the Warrant and equivalent
number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver
to the Holder the number of shares of Common Stock that would have been issued had the Company timely complied with its exercise
and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase price of $11,000
to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate sale price giving rise to
such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay
the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect
of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s
right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific
performance and/or injunctive relief with respect to the Company’s failure to timely deliver shares of Common Stock upon
exercise of the Warrant as required pursuant to the terms hereof.

 

v.          No
Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise
of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the
Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction
multiplied by the Exercise Price or round up to the next whole share.

 

vi.         Charges,
Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or
other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the
Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the
Holder; provided, however, that in the event Warrant Shares are to be issued in a name other than the name of the
Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto duly executed by
the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer
tax incidental thereto. The Company shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise
and all fees to the Depository Trust Company (or another established clearing corporation performing similar functions) required
for same-day electronic delivery of the Warrant Shares.

 

    	 	5	 

     

    

 

vii.         Closing
of Books. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of
this Warrant, pursuant to the terms hereof.

 

e)           Holder’s
Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to
exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such issuance
after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s Affiliates, and
any other Persons acting as a group together with the Holder or any of the Holder’s Affiliates (such Persons, “Attribution
Parties”)), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below).  For purposes
of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates and Attribution
Parties shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination
is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining,
nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii)
exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without limitation,
any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained herein
beneficially owned by the Holder or any of its Affiliates or Attribution Parties.  Except as set forth in the preceding sentence,
for purposes of this Section 2(e), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act
and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not representing
to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible
for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section 2(e)
applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together
with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the sole discretion
of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination of whether this
Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties)
and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company
shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group
status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations
promulgated thereunder. For purposes of this Section 2(e), in determining the number of outstanding shares of Common Stock, a
Holder may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company’s most recent periodic
or annual report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a
more recent written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. 
Upon the written or oral request of a Holder, the Company shall within two Trading Days confirm orally and in writing to the Holder
the number of shares of Common Stock then outstanding.  In any case, the number of outstanding shares of Common Stock shall
be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder
or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common Stock was reported.
The “Beneficial Ownership Limitation” shall be 4.99% (or, upon election by a Holder prior to the issuance of
any Warrants, 9.99%) of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of
shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon notice to the Company, may increase or decrease
the Beneficial Ownership Limitation provisions of this Section 2(e), provided that the Beneficial Ownership Limitation in no event
exceeds 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares
of Common Stock upon exercise of this Warrant held by the Holder and the provisions of this Section 2(e) shall continue to apply.
Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered
to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity
with the terms of this Section 2(e) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with
the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly
give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

 

    	 	6	 

     

    

 

Section
3.           Certain Adjustments.

 

a)          Stock
Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or otherwise
makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable
in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon
exercise of this Warrant), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including
by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (iv) issues by reclassification
of shares of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be multiplied
by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding
immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately
after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted such that
the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a) shall become
effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution
and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

 

b)          Subsequent
Rights Offerings. In addition to any adjustments pursuant to Section 3(a) above, if at any time the Company grants, issues
or sells any Common Stock Equivalents or rights to purchase stock, warrants, securities or other property pro rata to the record
holders of any class of shares of Common Stock (the “Purchase Rights”), then the Holder will be entitled to
acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired
if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard
to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the
date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date
as of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights
(provided, however, to the extent that the Holder’s right to participate in any such Purchase Right would result in the
Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Purchase Right
to such extent (or beneficial ownership of such shares of Common Stock as a result of such Purchase Right to such extent) and
such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto would
not result in the Holder exceeding the Beneficial Ownership Limitation).

 

c)          Pro
Rata Distributions. During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or
other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital
or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options by way of
a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a "Distribution"),
at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution
to the same extent that the Holder would have participated therein if the Holder had held the number of shares of Common Stock
acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation,
the Beneficial Ownership Limitation) immediately before the date of which a record is taken for such Distribution, or, if no such
record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation
in such Distribution (provided, however, to the extent that the Holder's right to participate in any such Distribution
would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate
in such Distribution to such extent (or in the beneficial ownership of any shares of Common Stock as a result of such Distribution
to such extent) and the portion of such Distribution shall be held in abeyance for the benefit of the Holder until such time,
if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

 

    	 	7	 

     

    

 

d)          Fundamental
Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in one or more related
transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company, directly or indirectly,
effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of its assets
in one or a series of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or exchange offer (whether
by the Company or another Person) is completed pursuant to which holders of Common Stock are permitted to sell, tender or exchange
their shares for other securities, cash or property and has been accepted by the holders of 50% or more of the outstanding Common
Stock, (iv) the Company, directly or indirectly, in one or more related transactions effects any reclassification, reorganization
or recapitalization of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted
into or exchanged for other securities, cash or property, or (v) the Company, directly or indirectly, in one or more related transactions
consummates a stock or share purchase agreement or other business combination (including, without limitation, a reorganization,
recapitalization, spin-off or scheme of arrangement) with another Person or group of Persons whereby such other Person or group
acquires more than 50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by the other Person
or other Persons making or party to, or associated or affiliated with the other Persons making or party to, such stock or share
purchase agreement or other business combination) (each a “Fundamental Transaction”), then, upon any subsequent
exercise of this Warrant, the Holder shall have the right to receive, for each Warrant Share that would have been issuable upon
such exercise immediately prior to the occurrence of such Fundamental Transaction, at the option of the Holder (without regard
to any limitation in Section 2(e) on the exercise of this Warrant), the number of shares of Common Stock of the successor or acquiring
corporation or of the Company, if it is the surviving corporation, and any additional consideration (the “Alternate Consideration”)
receivable as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock for which this Warrant
is exercisable immediately prior to such Fundamental Transaction (without regard to any limitation in Section 2(e) on the exercise
of this Warrant). For purposes of any such exercise, the determination of the Exercise Price shall be appropriately adjusted to
apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common
Stock in such Fundamental Transaction, and the Company shall apportion the Exercise Price among the Alternate Consideration in
a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common
Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder
shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant following such
Fundamental Transaction. Notwithstanding anything to the contrary, in the event of a Fundamental Transaction, the Company or any
Successor Entity (as defined below) shall, at the Holder’s option, exercisable at any time concurrently with, or within
30 days after, the consummation of the Fundamental Transaction, purchase this Warrant from the Holder by paying to the Holder
an amount of cash equal to the Black Scholes Value of the remaining unexercised portion of this Warrant on the date of the consummation
of such Fundamental Transaction. “Black Scholes Value” means the value of this Warrant based on the Black and
Scholes Option Pricing Model obtained from the “OV” function on Bloomberg, L.P. (“Bloomberg”) determined
as of the day of consummation of the applicable Fundamental Transaction for pricing purposes and reflecting (A) a risk-free interest
rate corresponding to the U.S. Treasury rate for a period equal to the time between the date of the public announcement of the
applicable Fundamental Transaction and the Termination Date, (B) an expected volatility equal to the greater of 100% and the 100
day volatility obtained from the HVT function on Bloomberg as of the Trading Day immediately following the public announcement
of the applicable Fundamental Transaction, (C) the underlying price per share used in such calculation shall be the sum of the
price per share being offered in cash, if any, plus the value of any non-cash consideration, if any, being offered in such Fundamental
Transaction and (D) a remaining option time equal to the time between the date of the public announcement of the applicable Fundamental
Transaction and the Termination Date. The payment of the Black Scholes Value will be made by wire transfer of immediately available
funds within five Business Days of the Holder’s election (or, if later, on the effective date of the Fundamental Transaction).
The Company shall cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the
“Successor Entity”) to assume in writing all of the obligations of the Company under this Warrant in accordance
with the provisions of this Section 3(d) pursuant to written agreements in form and substance reasonably satisfactory to the Holder
and approved by the Holder (without unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the
Holder, deliver to the Holder in exchange for this Warrant a security of the Successor Entity evidenced by a written instrument
substantially similar in form and substance to this Warrant which is exercisable for a corresponding number of shares of capital
stock of such Successor Entity (or its parent entity) equivalent to the shares of Common Stock acquirable and receivable upon
exercise of this Warrant (without regard to any limitations on the exercise of this Warrant) prior to such Fundamental Transaction,
and with an exercise price which applies the exercise price hereunder to such shares of capital stock (but taking into account
the relative value of the shares of Common Stock pursuant to such Fundamental Transaction and the value of such shares of capital
stock, such number of shares of capital stock and such exercise price being for the purpose of protecting the economic value of
this Warrant immediately prior to the consummation of such Fundamental Transaction), and which is reasonably satisfactory in form
and substance to the Holder. Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and
be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Warrant referring
to the “Company” shall refer instead to the Successor Entity), and may exercise every right and power of the Company
and shall assume all of the obligations of the Company under this Warrant with the same effect as if such Successor Entity had
been named as the Company herein.

 

    	 	8	 

     

    

 

e)          Calculations.
All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be.
For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall
be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

 

f)           Notice
to Holder.

 

i.           Adjustment
to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall
promptly deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment and any resulting
adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

ii.         Notice
to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever form) on the
Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock, (C) the
Company shall authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or purchase any shares
of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall be required in connection
with any reclassification of the Common Stock, any consolidation or merger to which the Company is a party, any sale or transfer
of all or substantially all of the assets of the Company, or any compulsory share exchange whereby the Common Stock is converted
into other securities, cash or property, or (E) the Company shall authorize the voluntary or involuntary dissolution, liquidation
or winding up of the affairs of the Company, then, in each case, the Company shall cause to be delivered by facsimile or email
to the Holder at its last facsimile number or email address as it shall appear upon the Warrant Register of the Company, at least
20 calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x) the date on which
a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not
to be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption,
rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer
or share exchange is expected to become effective or close, and the date as of which it is expected that holders of the Common
Stock of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable
upon such reclassification, consolidation, merger, sale, transfer or share exchange; provided that the failure to deliver such
notice or any defect therein or in the delivery thereof shall not affect the validity of the corporate action required to be specified
in such notice. To the extent that any notice provided in this Warrant constitutes, or contains, material, non-public information
regarding the Company or any of the Subsidiaries, the Company shall simultaneously file such notice with the Commission pursuant
to a Current Report on Form 8-K. The Holder shall remain entitled to exercise this Warrant during the period commencing on the
date of such notice to the effective date of the event triggering such notice except as may otherwise be expressly set forth herein.

 

    	 	9	 

     

    

 

Section
4.           Transfer of Warrant.

 

a)          Transferability.
This Warrant and all rights hereunder are transferable, in whole or in part, upon surrender of this Warrant at the principal office
of the Company or its designated agent, together with a written assignment of this Warrant substantially in the form attached
hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making
of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants
in the name of the assignee or assignees, as applicable, and in the denomination or denominations specified in such instrument
of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this
Warrant shall promptly be cancelled. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically
surrender this Warrant to the Company unless the Holder has assigned this Warrant in full, in which case, the Holder shall surrender
this Warrant to the Company within three (3) Trading Days of the date the Holder delivers an assignment form to the Company assigning
this Warrant full. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase
of Warrant Shares without having a new Warrant issued.

 

b)          New
Warrants. If this Warrant is not held in global form through DTC (or any successor depository), this Warrant may be divided
or combined with other Warrants upon presentation hereof at the aforesaid office of the Company, together with a written notice
specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney.
Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination, the Company
shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance
with such notice. All Warrants issued on transfers or exchanges shall be dated the original Initial Exercise Date of this Warrant
and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant thereto.

 

c)          Warrant
Register. The Warrant Agent shall register this Warrant, upon records to be maintained by the Warrant Agent for that purpose
(the “Warrant Register”), in the name of the record Holder hereof from time to time. The Company and the Warrant
Agent may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof
or any distribution to the Holder, and for all other purposes, absent actual notice to the contrary.

 

Section
5.           Miscellaneous.

 

a)          No
Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividends or other rights
as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in
Section 3.

 

b)          Loss,
Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant
Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case
of the Warrant, shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate,
if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation,
in lieu of such Warrant or stock certificate.

 

    	 	10	 

     

    

 

c)           Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required
or granted herein shall not be a Business Day, then, such action may be taken or such right may be exercised on the next succeeding
Business Day.

 

d)           Authorized
Shares.

 

The
Company covenants that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Common
Stock a sufficient number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights
under this Warrant. The Company further covenants that its issuance of this Warrant shall constitute full authority to its officers
who are charged with the duty of issuing the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant.
The Company will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided
herein without violation of any applicable law or regulation, or of any requirements of the Trading Market upon which the Common
Stock may be listed. The Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights
represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment for such Warrant
Shares in accordance herewith, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens
and charges created by the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously
with such issue).

 

Except
and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation,
amending its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution,
issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the
terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all
such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment.
Without limiting the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above
the amount payable therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may
be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares
upon the exercise of this Warrant and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions
or consents from any public regulatory body having jurisdiction thereof, as may be, necessary to enable the Company to perform
its obligations under this Warrant.

 

Before
taking any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or
in the Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be
necessary from any public regulatory body or bodies having jurisdiction thereof.

 

e)           Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed
by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles
of conflict of laws thereof. Each party agrees that all legal proceedings concerning the interpretation, enforcement and defense
of this Warrant shall be commenced in the state and federal courts sitting in the City of New York, Borough of Manhattan (the
“New York Courts”). Each party hereto hereby irrevocably submits to the exclusive jurisdiction of the New York
Courts for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or
discussed herein (including with respect to the enforcement of any provision hereunder), and hereby irrevocably waives, and agrees
not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such New York
Courts, or such New York Courts are improper or inconvenient venue for such proceeding. Each party hereto hereby irrevocably waives,
to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or
relating to this Warrant. If any party shall commence an action or proceeding to enforce any provisions of this Warrant, then
the prevailing party in such action or proceeding shall be reimbursed by the other party for its attorneys’ fees and other
costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

 

    	 	11	 

     

    

 

f)           Restrictions.
The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered, and the Holder
does not utilize cashless exercise, will have restrictions upon resale imposed by state and federal securities laws.

 

g)          Nonwaiver
and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate
as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without limiting any other provision
of this Warrant, if the Company willfully and knowingly fails to comply with any provision of this Warrant, which results in any
material damages to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient to cover any costs and
expenses including, but not limited to, reasonable attorneys’ fees, including those of appellate proceedings, incurred by
the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder.

 

h)          Notices.
Any and all notices or other communications or deliveries to be provided by the Holders hereunder including, without limitation,
any Notice of Exercise, shall be in writing and delivered personally, by facsimile or by e-mail, or sent by a nationally recognized
overnight courier service, addressed to the Company, at 1365 West Business Park Drive, Orem, UT 84058, Attention:[●], facsimile
number: ([●]) [●]-[●], email address: [●], or such other facsimile number, email address or address as
the Company may specify for such purposes by notice to the Holders. Any and all notices or other communications or deliveries
to be provided by the Company hereunder shall be in writing and delivered personally, by facsimile, or sent by a nationally recognized
overnight courier service addressed to each Holder at the facsimile number or address of such Holder appearing on the books of
the Warrant Agent. Any notice or other communication or deliveries hereunder shall be deemed given and effective on the earliest
of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number or e-mail
at the e-mail address set forth in this Section prior to 5:30 p.m. (New York City time) on any date, (ii) the next Trading Day
after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number or e-mail at
the e-mail address set forth in this Section on a day that is not a Trading Day or later than 5:30 p.m. (New York City time) on
any Trading Day, (iii) the second Trading Day following the date of mailing, if sent by U.S. nationally recognized overnight courier
service, or (iv) upon actual receipt by the party to whom such notice is required to be given. Notwithstanding any other provision
of this Warrant, where this Warrant provides for notice of any event to the Holder, if this Warrant is held in global form by
DTC (or any successor depositary), such notice shall be sufficiently given if given to DTC (or any successor depositary) pursuant
to the procedures of DTC (or such successor depositary), subject to a Holder’s right to elect to receive a Warrant in certificated
form pursuant to the terms of the Warrant Agency Agreement, in which case this sentence shall not apply.

 

i)         Warrant
Agency Agreement. If this Warrant is held in global form through DTC (or any successor depositary), this Warrant is issued
subject to the Warrant Agency Agreement. To the extent any provision of this Warrant conflicts with the express provisions of
the Warrant Agency Agreement, the provisions of this Warrant shall govern and be controlling.

 

j)          Limitation
of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase
Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder
for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company
or by creditors of the Company.

 

k)         Remedies.
The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled
to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate compensation
for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert
the defense in any action for specific performance that a remedy at law would be adequate.

 

    	 	12	 

     

    

 

l)          Successors
and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure
to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns
of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and
shall be enforceable by the Holder or holder of Warrant Shares.

 

m)         Amendment.
This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company, on the one hand,
and the Holder or the beneficial owner of this Warrant, on the other hand.

 

n)          Severability.
Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such provision shall be ineffective
to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions
of this Warrant.

 

o)          Headings.
The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of
this Warrant.

 

********************

 

(Signature
Page Follows)

 

    	 	13	 

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first
above indicated.

 

	 	Activecare,
    inc.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

NOTICE
OF EXERCISE

 

	To:	ActiveCare,
    inc.

 

(1)         The
undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant (only
if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes,
if any.

 

(2)         Payment
shall take the form of (check applicable box):

 

☐ in
lawful money of the United States; or

 

☐ if
permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in
subsection 2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the
cashless exercise procedure set forth in subsection 2(c).

 

(3)         Please
issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

 

	 	 	 

 

The
Warrant Shares shall be delivered to the following DWAC Account Number:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

[SIGNATURE
OF HOLDER]

 

	Name
    of Investing Entity:	 

 

	Signature
    of Authorized Signatory of Investing Entity: 	 

 

	Name
    of Authorized Signatory: 	 

 

	Title
    of Authorized Signatory: 	 

 

	Date: 	 

 

     

     

    

 

EXHIBIT
B

 

ASSIGNMENT
FORM

 

(To
assign the foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.)

 

FOR
VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

	Name:	 	 
	 	 	(Please
    Print)
	 	 	 
	Address:	 	 
	 	 	(Please
    Print)
	 	 	 
	Phone
    Number:	 	 
	 	 	 
	Email
    Address:	 	 
	 	 	 
	Dated:
    ___________________ __, ______	 	 
	 	 	 
	Holder’s
    Signature:	 	 	 
	 	 	 	 
	Holder’s
    Address:

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