Document:

EXHIBIT
10.4

Teletronics
International, Inc.

 

D.
FANG INCENTIVE STOCK OPTION AGREEMENT 2013

 

This
Option Agreement grants Dickson Fang Stock Option in accordance with INCENTIVE STOCK OPTION PLAN 2013 (the “Plan”),
approved in Stockholders Annual Meeting of December 28, 2012 and implemented according to resolution 9 of the Board of Directors’
Meeting Minutes of October 22, 2013.

 

I.
NOTICE OF STOCK OPTION GRANT

 

Optionee:
Dickson Fang

 

Address:
411 King Farm Blvd., #302, Rockville, MD 20850

 

You
have been granted an Option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this
Option Agreement, as follows:

 

	Grant Date:	 	April
    15, 2014 
	Vesting Commencement Date:	 	Performance
    Standard
	Exercise Price per Share:	 	$1.00
	Total Number of Shares Granted:	 	1,500,000
	Total Exercise Price:	 	$1.5 Million
	Type of Option:	 	Incentive
    Stock Option
	Expiration Date:	 	May 1, 2019
	Vesting Schedule:	 	 

 

The
Shares underlying the Option will vest in two installments promulgated over a five-year period beginning on the Date of Grant,
at the time when Dickson Fang, as the CEO, has achieved the performance (i) the Company becomes a Form-10 reporting public Company,
at which 1,100,000 shares become vesting, and (ii) the Company becomes a public traded Company, at which time 400,000 shares become
vesting.

 

Termination
Period:

 

To
the extent vested, this Option will be exercisable for three (3) months after Optionee ceases to be an employee, unless termination
is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months after
Optionee ceases to be an employee. Notwithstanding the foregoing sentence, in no event may this Option be exercised after any
termination of the Optionee as an employee determined by the Company’s Board to be for Cause or after the Expiration Date
as provided above and this Option may be subject to earlier termination as provided in the Plan.

 

“Cause”
has the meaning ascribed to such term or words of similar import in Optionee’s written employment or service contract with
the Company or its Parent or any Subsidiary and, in the absence of such agreement or definition, means Optionee’s (i) conviction
of, or plea of nolo contendere to, a felony or any other crime involving moral turpitude; (ii) fraud on or misappropriation of
any funds or property of the Company or its subsidiaries, or any affiliate, customer or vendor; (iii) personal dishonesty, incompetence,
willful misconduct, willful violation of any law, rule or regulation (other than minor traffic violations or similar offenses),
or breach of fiduciary duty which involves personal profit; (iv) willful misconduct in connection with Optionee’s duties
or willful failure to perform Optionee’s responsibilities in the best interests of the Company or its subsidiaries; (v)
illegal use or distribution of drugs; (vi) violation of any rule, regulation, procedure or policy of the Company or its subsidiaries;
(vii) breach of any provision of any employment, non-disclosure, non-competition, non-solicitation or other similar agreement
executed by Optionee for the benefit of the Company or its subsidiaries; (viii) failure of the Optionee to achieve sales or other
performance targets specified to the Optionee in writing by the Company; (ix) failure of the Optionee to satisfy other employment
duties of the Optionee after Optionee has received a written or oral demand for performance from the Company of those duties;
or (x) failure by the Optionee to follow the other written or oral lawful directives of the Company that reasonably fall within
the scope of the Optionee’s job duties, all as determined by the Company’s Board, which determination will be conclusive.

 

    	 

    	 

    

 

II.
AGREEMENT

 

1.
Grant of Option. Either the CEO or CFO of the Company shall be appointed as the INCENTIVE STOCK OPTION PLAN 2013 Administrator
who grants to the Optionee named in this Option Agreement, an Option to purchase the number of Shares at the specified exercise
price per Share (the “Exercise Price”), and subject to the terms and conditions of the Plan, which is incorporated
herein by reference. In the event of a conflict between the terms and conditions of the Plan and this Option Agreement, the terms
and conditions of the Plan prevail.

 

If
designated in the Notice of Stock Option Grant as an Incentive Stock Option, this Option is intended to qualify as an Incentive
Stock Option as defined in Code section 422.

 

2.
Exercise of Option.

 

(a)
Right to Exercise. This Option is exercisable during its term in accordance with the Vesting Schedule set out in the Notice
of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement.

 

(b)
Method of Exercise. This Option is exercisable by (i) delivery of an exercise notice in the form attached as Exhibit
A (the “Exercise Notice”) or in a manner and pursuant to procedures as the Administrator may determine, which
will state the election to exercise the Option, the number of Shares with respect to which the Option is being exercised, and
other representations and agreements as may be required by the Company and (ii) paying the Company in full the aggregate Exercise
Price as to all Shares being acquired, together with any applicable tax withholding.

 

This
Option will be deemed to be exercised upon receipt by the Company of a fully executed Exercise Notice accompanied by the aggregate
Exercise Price, together with any applicable tax withholding.

 

No
Shares will be issued pursuant to the exercise of an Option unless the issuance and exercise of Shares complies with Applicable
Laws. Assuming compliance, for income tax purposes the Shares will be considered transferred to the Optionee on the date on which
the Option is exercised with respect to the Shares.

 

    	 

    	 

    

 

3.
Method of Payment. The aggregate Exercise Price may be paid by any of the following, or a combination thereof, at the election
of the Optionee:

 

	 	(a)	cash;
	 	 	 
	 	(b)	check;
	 	 	 
	 	(c)	promissory note;
	 	 	 
	 	(d)	other Shares, provided Shares have a
    Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which said Option will
    be exercised;
	 	 	 
	 	(e)	by asking the Company to withhold Shares
    from the total Shares to be delivered upon exercise equal to the number of Shares having a value equal to the aggregate Exercise
    Price of the Shares being acquired;
	 	 	 
	 	(f)	any combination of the foregoing methods
    of payment; or
	 	 	 
	 	(g)	such other consideration and method of
    payment for the issuance of Shares to the extent permitted by Applicable Laws.

 

4.
Restrictions on Exercise. This Option may not be exercised (a) until such time as the Plan has been approved by the stockholders
of the Company, or (b) if the issuance of such Shares upon such exercise or the method of payment of consideration for such shares
would constitute a violation of any Applicable Laws. The Company will be relieved of any liability with respect to any delayed
issuance of shares or its failure to issue shares if such delay or failure is necessary to comply with Applicable Laws.

 

5.
Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of
descent or distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of the Plan and this
Option Agreement are binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

 

6.
Term of Option. This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may
be exercised during the term only in accordance with the Plan and the terms of this Option.

 

7.
Tax Obligations.

 

(a)
Withholding Taxes. Optionee agrees to arrange for the satisfaction of all Federal, state, local and foreign income and
employment tax withholding requirements applicable to the Option exercise. Optionee acknowledges and agrees that the Company may
refuse to honor the exercise and refuse to deliver the Shares if withholding amounts are not delivered at the time of exercise.

 

(b)
Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Optionee is an ISO, and if Optionee sells or
otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (i) the date two (2) years after
the Grant Date, or (ii) the date one (1) year after the date of exercise, the Optionee must immediately notify the Company of
the disposition in writing. Optionee agrees that Optionee may be subject to income tax withholding by the Company on the compensation
income recognized by the Optionee.

 

(c)
Code Section 409A. Under Code section 409A, an Option that vests after December 31, 2004 that was granted with a per Share
exercise price that is determined by the Internal Revenue Service (the “IRS”) to be less than the Fair Market Value
of a Share on the Grant Date (a “discount option”) may be considered deferred compensation. An Option that is a discount
option may result in (i) income recognition by the Optionee prior to the exercise of the Option, (ii) an additional twenty percent
(20%) tax, and (iii) potential penalty and interest charges. Optionee acknowledges that the Company cannot and has not guaranteed
that the IRS will agree that the per Share Exercise Price of this Option equals or exceeds Fair Market Value of a Share on the
Grant Date in a later examination. Optionee agrees that if the IRS determines that the Option was granted with a per Share exercise
price that was less than the Fair Market Value of a Share on the Grant Date, Optionee will be solely responsible for any and all
resulting tax consequences.

 

    	 

    	 

    

 

8.
No Guarantee of Continued Service. OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING
SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS AN EMPLOYEE AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING
OR RETAINING OPTIONEE) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER. OPTIONEE
FURTHER ACKNOWLEDGES AND AGREES THAT THIS OPTION AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET
FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS AN EMPLOYEE FOR THE VESTING PERIOD, FOR
ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT
OR SUBSIDIARY EMPLOYING OR RETAINING OPTIONEE) TO TERMINATE OPTIONEE’S RELATIONSHIP AS AN EMPLOYEE AT ANY TIME, WITH OR
WITHOUT CAUSE.

 

9.
Notices. All notices or other communications which are required or permitted hereunder will be in writing and sufficient
if (i) personally delivered or sent by telecopy, (ii) sent by nationally-recognized overnight courier or (iii) sent by registered
or certified mail, postage prepaid, return receipt requested, addressed as follows:

 

if
to the Optionee, to the address (or telecopy number) set forth on the Notice of Stock Option Grant; and

 

if
to the Company, to the attention of the Chief Financial Officer at the address set forth below:

 

Teletronics
International, Inc.

No.
2 Choke Cherry Rd.,

 Rockville,
MD 20850

 

or
to any other address as the party to whom notice is to be given may have furnished to the other party in writing in accordance
herewith. Any communication will be deemed to have been given (i) when delivered, if personally delivered, or when telecopied,
if telecopied, (ii) on the first Business Day (as hereinafter defined) after dispatch, if sent by nationally-recognized overnight
courier and (iii) on the fourth Business Day following the date on which the piece of mail containing the communication is posted,
if sent by mail. As used herein, “Business Day” means a day that is not a Saturday, Sunday or a day on which banking
institutions in the city to which the notice or communication is to be sent are not required to be open.

 

10.
Specific Performance. Optionee expressly agrees that the Company will be irreparably damaged if the provisions of this
Option Agreement and the Plan are not specifically enforced. Upon a breach or threatened breach of the terms, covenants and/or
conditions of this Option Agreement or the Plan by the Optionee, the Company will, in addition to all other remedies, be entitled
to a temporary or permanent injunction, without showing any actual damage, and/or decree for specific performance, in accordance
with the provisions hereof and thereof. The Administrator has the power to determine what constitutes a breach or threatened breach
of this Option Agreement or the Plan. The Administrator’s determinations will be final and conclusive and binding upon the
Optionee.

 

11.
No Waiver. No waiver of any breach or condition of this Option Agreement will be deemed to be a waiver of any other or
subsequent breach or condition, whether of like or different nature.

 

12.
Optionee Undertaking. The Optionee agrees to take whatever additional actions and execute whatever additional documents
the Company may in its reasonable judgment deem necessary or advisable in order to carry out or effect one or more of the obligations
or restrictions imposed on the Optionee pursuant to the express provisions of this Option Agreement.

 

    	 

    	 

    

 

13.
Modification of Rights. The rights of the Optionee are subject to modification and termination in certain events as provided
in this Option Agreement and the Plan.

 

14.
Governing Law. This Agreement is governed by, and construed in accordance with, the laws of the State of Delaware, without
giving effect to its conflict or choice of law principles that might otherwise refer construction or interpretation of this Agreement
to the substantive law of another jurisdiction.

 

15.
Counterparts; Facsimile Execution. This Option Agreement may be executed in one or more counterparts, each of which will
be deemed to be an original, but all of which together constitute one and the same instrument. Facsimile execution and delivery
of this Option Agreement is legal, valid and binding execution and delivery for all purposes.

 

16.
Entire Agreement. The Plan, this Option Agreement, and upon execution, the Exercise Notice, constitute the entire agreement
of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements
of the Company and Optionee with respect to the subject matter hereof, and may not be modified adversely to the Optionee’s
interest except by means of a writing signed by the Company and Optionee.

 

17.
Severability. In the event one or more of the provisions of this Option Agreement should, for any reason, be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability will not affect any other provisions
of this Option Agreement, and this Option Agreement will be construed as if such invalid, illegal or unenforceable provision had
never been contained herein.

 

18.
WAIVER OF JURY TRIAL. THE OPTIONEE EXPRESSLY, IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION
OR PROCEEDING RELATING TO THIS OPTION AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN.

 

Optionee
acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof, and
accepts this Option subject to all of the terms and provisions thereof. Optionee has reviewed the Plan and this Option in their
entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all provisions
of the Option. Optionee agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator
upon any questions arising under the Plan or this Option. Optionee further agrees to notify the Company upon any change in the
residence address indicated below.

 

	OPTIONEE	 	Teletronics International,
    Inc.
	 	 	 
	/s/
    DICKSON FANG 	 	/s/
    Helen F. Xia 
	Signature	 	By
	 	 	 
	DICKSON
    FANG	 	Helen
    F. Xia 
	Print Name	 	Print Name
	 	 	 
		 	Chief
    Financial Officer 
	 	 	Title
	411
    king Farm Blvd., #302		
	Rockville,
    MD 20850	 	 
	Residence Address	 	 

 

    	 

    	 

    

 

EXHIBIT
A

 

INCENTIVE
STOCK OPTION PLAN 2013

 

EXERCISE
NOTICE

 

 

Teletronics
International, Inc.

[Address]

 

Attention:
_______________, _________________

 

1.
Exercise of Option. Effective as of today, _____________, _____, the undersigned (“Optionee”) elects to exercise
Optionee’s option to purchase _________shares of the Common Stock (the “Shares”) of Teletronics International,
Inc. (the “Company”) under and pursuant to the Teletronics International, Inc. INCENTIVE STOCK OPTION PLAN 2013 (the
“Plan”) and the Stock Option Agreement dated May 1, 2014 (the “Option Agreement”).

 

2.
Delivery of Payment. Optionee herewith delivers to the Company the full purchase price of the Shares, as set forth in the
Option Agreement, and any and all withholding taxes due in connection with the exercise of the Option.

 

3.
Representations of Optionee. Optionee acknowledges that Optionee has received, read and understood the Plan and the Option
Agreement and agrees to abide by and be bound by their terms and conditions.

 

4.
Rights as Stockholder. Until the issuance of the Shares (as evidenced by the appropriate entry on the books of the Company
or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder
exists with respect to the Optioned Stock, notwithstanding the exercise of the Option. Subject to the requirements of Section
6 below, the Shares will be issued to the Optionee as soon as practicable after the Option is exercised in accordance with the
Option Agreement. No adjustment will be made for a dividend or other right for which the record date is prior to the date of issuance
except as provided in the Plan.

 

5.
Tax Consultation. Optionee understands that Optionee may suffer adverse tax consequences as a result of Optionee’s
purchase or disposition of the Shares. Optionee represents that Optionee has consulted with any tax consultants Optionee deems
advisable in connection with the purchase or disposition of the Shares and that Optionee is not relying on the Company for any
tax advice.

 

6.
Refusal to Transfer. The Company will not (i) transfer on its books any Shares that have been sold or otherwise transferred
in violation of any of the provisions of this Exercise Notice, or (ii) be required to treat as owner of such Shares or to accord
the right to vote or pay dividends to any purchaser or other transferee to whom such Shares have been so transferred.

 

7.
Successors and Assigns. The Company may assign any of its rights under this Exercise Notice to single or multiple assignees,
and this Exercise Notice inures to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer
herein set forth, this Exercise Notice is binding upon Optionee and his or her heirs, executors, administrators, successors and
assigns.

 

8.
Interpretation. Any dispute regarding the interpretation of this Exercise Notice will be submitted by Optionee or by the
Company forthwith to the Administrator for review at its next regular meeting. The resolution of disputes by the Administrator
will be final and binding on all parties.

 

    	 

    	 

    

 

9.
Governing Law; Severability. This Exercise Notice is be governed by, and construed in accordance with, the laws of the
State of Delaware, without giving effect to its conflict or choice of law principles that might otherwise refer construction or
interpretation of this Exercise to the substantive law of another jurisdiction. In the event that any provision hereof becomes
or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Exercise Notice will continue in
full force and effect.

 

10.
Notices. Any notice required or permitted hereunder will be provided in writing and deemed effective if provided in the
manner specified in the Option Agreement.

 

11.
Further Instruments. The parties agree to execute any further instruments and to take any further action as may be reasonably
necessary to carry out the purposes and intent of the Option Agreement and this Exercise Notice.

 

12.
Entire Agreement. The Plan and Option Agreement are incorporated herein by reference. This Exercise Notice, the Plan, and
the Option Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in
their entirety all prior undertakings and agreements of the Company and Optionee with respect to the subject matter hereof, and
may not be modified adversely to the Optionee’s interest except by means of a writing signed by the Company and Optionee.

 

	Submitted by:	 	Accepted by:
	OPTIONEE	 	Teletronics International, Inc.
	 	 	 
	Signature	 	By
	 	 	 
	 	 	 
	Print Name	 	Print Name
	 	 	 
	 	 	Chief Executive Officer
	 	 	Title
	 	 	 
	Address:	 	Address:
	 	 	 
	 	 	 
	 	 	 
	 	 	Date ReceivedEXHIBIT 10.5

 

Office Lease dated
April 22, 2014

 

SAUL
HOLDINGS LIMITED PARTNERSHIP

7501
Wisconsin Avenue, Suite 1500E. Bethesda, Maryland 20814

(301)
986-6000

 

April 22,
2014

 

Via
Federal Express

Mr. Dickson
Fang,

President
& Chief Executive Officer

Teletronics
International, Inc.

2 Choke
Cherry Road, Suite 100

Rockville,
MD 20850

(301)
309-8500

 

	 	RE:	Lease Agreement
	 	 	Avenel Business
    Park, Phase VI, Gaithersburg, Maryland

 

Dear Mr.
Fang:

 

Please
find enclosed one (1) fully executed original Lease Agreement between Saul Holdings Limited Partnership and Teletronics International,
Inc. dated April 22: 2014 for your records. You may find the information below useful during your tenancy:

 

	Property	Project	Leasing	General
	Manager	Accountant	Representative	Inquiries
	Ken
    Frumkin	Keisha
    DeShields	Scott
    Campbell	 
	(301)
    986-6368	(301)
    986-6392	(301)
    986-7720	(301)
986-6000

 

	Notices
    & Correspondence:	Rent
    & Payments:
	Saul Holdings
    Limited Partnership	Saul Holdings
    Limited Partnership
	Attention: Legal
    Department	PO Box 64288
	7501 Wisconsin
    Avenue, Suite 1500E	Baltimore. Maryland
    21264-4288
	Bethesda, Maryland
    20814	 

 

Should
you have any questions regarding this document, please contact me at amy.spencer@bfsauleo.com.

 

	Sincerely,	 
		 
	Amy E. Spencer	 
	Lease Administrator	 

 

 

    	 

    	 

    

 

FLEX
SPACE OFFICE LEASE

 

THIS
LEASE (the “Lease”), made this 22nd day of April, 2014 (the “Lease Date”), by and between
Saul Holdings Limited Partnership a Maryland limited partnership hereinafter “Landlord”) and Teletronics International.
Inc., a Delaware corporation (hereinafter Tenant)

 

WITNESSETH:

 

1.
PREMISES. For and in consideration of the rent hereinafter reserved and the mutual covenants hereinafter contained, Landlord
does hereby lease and demise unto Tenant, and Tenant does hereby hire lease and accept, from Landlord, Suite Number 5 containing
approximately eight thousand (8,000) gross rentable square feet of space (the “Gross Area”) located at 220 Perry Parkway.
Gaithersburg Maryland 20877 the “Building”) situated on Phase VI of Avenel Business Park (the “Property”)
all upon the terms and conditions hereafter set forth That portion of the Gross Area which Tenant shall be entitled to occupy
is hereinafter referred to as the Premises and is outlined and shaded in red on the floor plan attached hereto as Exhibit A
ana by this reference made a pan hereof It is specifically understood that for purposes of calculating any payments or pro-rations
hereunder, the number or gross rentable square feet set forth above shall control.

 

2.
TERM.

 

(a)
The term of this Lease (the “Term” shall commence on the date hereof (the “Lease Date”) and shall end
seventy-six (76) months after the “Rent Commencement Date.” as hereinafter defined. The “Rent Commencement Date” shall
be August 1, 2014 or the date Tenant actually commences beneficial occupancy of the Premises, whichever is earlier. In the event
the Rent Commencement Date is a date other than the first day of a calendar month, the Term of the Lease shall run for the number
of months set forth above from the first day of the calendar month following the Rent Commencement Date. The parties agree that
they shall execute an agreement specifying the Rent Commencement Date and the date of term nation of this Lease and such other
matters as Landlord may require (the “Commencement and Estoppel Agreement” attached hereto as Exhibit D). This
Commencement and Estoppel Agreement will be sent to Tenant after Landlord’s Work (as defined below) has been substantially
completed. Tenant agrees to execute and deliver to Landlord said agreement within five (5) business days after receipt of written
notice from Landlord requesting Tenant’s execution of the Commencement and Estoppel Agreement If Tenant fails to execute
and return any such agreement to Landlord within such five (5) business day period, then Landlord shall be entitled to collect
from Tenant, as liquidated damages with respect to such default of Tenant in addition to Base Rent and other amounts payable hereunder,
as Additional Rent as defined in Article 6) an amount equal to one-half of one percent (1/2%) of the then amount of Base Rent
then payable under this Lease for each day Tenant delays in returning the requested agreement to Landlord.

 

(b)
Landlord shall have its general contractor provide Tenant with written certification that Landlord’s Work, as set forth
in Exhibit C to this Lease, is substantially complete. Landlord’s Work shall be deemed to be “substantially
complete” when all of Landlord’s Work has been substantially completed in accordance with Exhibit C. except
for minor items which are inconsequential and do not affect Tenant’s use or occupancy of the Premises, and which are set
forth on a “punch list” delivered to Landlord by Tenant within thirty (30) days after Tenant actually commences occupancy
of the Premises, which “punch list” items will be completed by Landlord within sixty (60) days after Tenant’s
submission of such “punch list” to Landlord but only if Tenant has supplied a “punch list to Landlord within
the time period set forth above.

 

(c)
Tenant shall have full access to the Premises after Landlord delivers the Premises to Tenant, subject to the early access provision
set forth in Article 53 below.

 

3.
RENT.

 

(a)
Commencing with the Rent Commencement Date. Tenant shall pay as annual rent for the Premises the sum of Eighty-Four Thousand
and No/100 Dollars $84,000.00) per annum payable in equal monthly installments of Seven Thousand and No/100 Dollars
($7,000.00) each (the “Base Rent”). All such monthly installments of rent shall be payable to Landlord at the
address specified in Article 33 of this Lease in advance Amount previous notice or demand therefor, and without deduction
setoff or recoupment with the first monthly installment to be due and payable no later than the Rent Commencement Date and
each subsequent monthly installment to be due and payable on the first day of each and every month following the Rent
Commencement Date during the Term hereof. if the Rent Commencement Date is a date other than the first day of a month, rent
for the period commencing with and including the Rent Commencement Date until the first day of the following month shall be
pro-rated at the rate of one-thirtieth (1/30th) of the fixed monthly rental per day. Not with standing the foregoing. Tenant
shall not be obligated to pay Base Rent for the first five (5) months following the Rent Commencement Date.

 

(b)
Landlord hereby acknowledges receipt of Seven Thousand and No/100 Dollars ($7,000.00) to be held as security for the performance
by Tenant of Tenants covenants and obligations under this Lease it being expressly understood that the deposit may be commingled
with other funds of Landlord and shall not be considered an advance payment of rental or a measure of Landlord’s damage
in case of default by Tenant. Upon the occurrence of any event of default by Tenant or breach by Tenant of Tenant’s covenants
under this Lease, Landlord may, from time to time, without prejudice to any other remedy, use the security deposit to the extent
necessary to make good any arrears of rent and/or any damage, injury, expense or liability caused to Landlord by the event of
default or breach of covenant. In the event that Tenant shall fully and faithfully comply with all the terms, conditions and covenants
of this Lease, any part of the security not used or retained by Landlord shall be returned to Tenant after the expiration date
of the Term of this Lease and after delivery of exclusive possession of the Premises to Landlord; provided, however, that Landlord
may retain all or a portion of the security until Landlord makes the final annual adjustments of Annual Operating Costs and Real
Estate Taxes and ascertains Tenant’s share of such amounts which accrued prior to the expiration of the Term. Subject to
the foregoing sentence, Landlord shall return the security deposit to Tenant within ninety (90) days after the close of Landlord’s
Fiscal Year following the expiration of this Lease.

 

    	Page 1 of 30

    	 

    

 

4. RENT
ESCALATION.

 

(a)
Commencing on the first day of the second Lease Year (as hereinafter defined) and on the first day of every Lease Year thereafter
during the Term hereof, the annual rent (without deduction for rent abatement, if any) shall be increased by one hundred three
percent (103%) of the amount of the annual rent which was in effect during the Lease Year immediately preceding the Lease Year
for which the adjustment is being made, payable by Tenant as additional monthly rent.

 

(b)
For all purposes of this Lease, the term “Lease Year” shall be defined to mean a period of twelve (12) full calendar
months. The first Lease Year shall commence on the Rent Commencement Date (or on the first day of the first calendar month following
the Rent Commencement Date if said date is other than the first day of a calendar month), and each succeeding Lease Year shall
commence on the anniversary date of the beginning of the first Lease Year.

 

5. ANNUAL
OPERATING COSTS.

 

(a)
Tenant agrees to pay to Landlord, as Additional Rent, its Pro-Rata Share (as hereinafter defined) of Annual Operating Costs (as
hereinafter defined).

 

(b)
Tenant shall initially pay to Landlord on the Rent Commencement Date and on the first day of each calendar month thereafter, as
its estimated payment of the Annual Operating Costs, the sum of Forty-Four Thousand and No/100 Dollars ($44,000.00), calculated
at the rate of Five and 50/100 Dollars ($5.50) per square foot, in equal monthly installments of Three Thousand Six Hundred Sixty-Six
and 67/100 Dollars ($3,666.67) each; notwithstanding the foregoing, in no event shall Tenant’s Pro-Rata Share of Annual
Operating Costs, excluding the Excluded Items (as defined below) for the second fiscal year of the Term or for any succeeding
fiscal year increase by more than four percent (4%) over the Annual Operating Costs for the immediately preceding fiscal year;
provided, however, that if the Annual Operating Costs increase for any fiscal year exceeds four percent (4%), then the amount
of the Annual Operating Cost increase in excess of four percent (4%) may be added to the Annual Operating Cost increase for any
succeeding fiscal year (or fiscal years) when the Annual Operating Cost increase is less than four percent (4%), so that, to the
fullest extent possible (subject to the maximum increase of four percent (4%) per fiscal year in Annual Operating Costs provided
for herein), Annual Operating Costs increases shall reflect all increases in the Annual Operating Costs occurring after the Lease
Date; provided, however, that Tenant’s Pro-Rata Share of the cost of providing security (if Landlord elects to provide security),
snow removal costs, utility rate increases, or insurance rate increases or any other cost Landlord can document and reasonably
demonstrate to be increased beyond Landlord’s reasonable control (the “Excluded Items”) shall not be subject
to the above limitations on increases in Annual Operating Costs, and Tenant shall be obligated to pay its full Pro- Rata Share
of the Excluded Items. At any time, but not more than once per Fiscal Year, Landlord may retroactively re- estimate Tenant’s
Pro-Rata share of Landlord’s Annual Operating Costs and may bill Tenant for any deficiency which may then be due for the
current year, and for any prior years. Landlord shall not re-estimate more than one (1) year back. Thereafter Tenant’s monthly
installments shall also be adjusted based on Landlord’s revised estimate of Annual Operating Costs. if the Rent Commencement
Date is a date other than the first day of the month, Tenant’s Pro-Rata share shall be pro-rated in the same manner as Base
Rent under Article 3 hereof. Within one hundred eighty (180) days following each September 30th during the Term hereof, Landlord
shall submit to Tenant a statement (the “Annual Statement”) in reasonable detail of the actual Annual Operating Costs
for the twelve month period ending September 30th of each year (“Fiscal Year”). If such statement shows that Tenant’s
share of the actual Annual Operating Costs exceeded Tenant’s monthly payments, then Tenant shall immediately pay the total
amount of such deficiency to Landlord within thirty (30) days of Landlord’s request therefore. Thereafter, upon receipt
of such succeeding Annual statement, Tenant’s monthly payments during the period covered by said Annual Statement shall
be adjusted to the actual Annual Operating Cost, and such adjustment shall be paid within thirty (30) days of the date of said
Statement. The Landlord’s budget estimate for Annual Operating Costs, as adjusted pursuant to this Article, shall be used
as the basis for calculating Tenant’s monthly payments for the next succeeding twelve (12) month period.

 

(c)
All monthly payments as may be required hereunder shall be payable in full on the first day of each calendar month. Failure of
the Landlord to provide any Annual Statement within the said one hundred eighty (180) day period shall not constitute a waiver
by Landlord of its rights to payments due pursuant to this Article, and the obligations hereunder shall survive the expiration
or other termination of this Lease, except at the expiration of the Term of the Lease for which Landlord shall provide the Annual
Statement within one hundred eighty (180) days of the Lease expiration date.

 

(d)
For any applicable Fiscal Year that begins prior to the Rent Commencement Date or ends after the expiration date of this Lease,
the amount due for that Fiscal Year shall be apportioned on a per diem basis so that only that portion attributable to the portion
of such Fiscal Year that occurs during the Term of this Lease, shall be payable by Tenant.

 

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(e)
Annual Operating Costs as used herein shall mean ail costs of operation, maintenance and repair of the Building and the Property,
(except structural repairs), and its appurtenances, and shall include the following by way of illustration but not limitation:
Real Estate Taxes (as hereinafter defined), the cost of labor, materials and services for the operation, maintenance and repair
of the Building and its appurtenances (including service roads and parking areas) and the Common Facilities, including, but not
limited to, water and sewer charges; on site and off site storm water management systems and facilities; heating, ventilating
and air conditioning maintenance and repairs; refuse and rubbish disposal; snow removal; license, permits and inspection fees;
maintenance and service contracts; management fees; all landscaping costs (including upgrades and replacements thereto); parking
lot lighting; watchman, guards, and any personnel engaged in the operation, maintenance or repair of the Property and its appurtenances
together with payroll taxes and employee benefits applicable thereto: reserve for asphalt and roof repairs; Landlord’s administrative
costs equal to fifteen percent (15%) of the Annual Operating Costs (excluding Real Estate Taxes); and insurance. It is understood
and agreed that management fees may be charged by Landlord or any other person or entity on the basis of a specified percentage
of the gross receipts derived from the Building or on any other basis, provided that, in the case of management fees charged by
Landlord, such fees shall not exceed the greater of five percent (5%) of gross receipts or the customary management fees charged
for similar properties in the same geographic area. Landlord shall not be liable in any such case for any inconvenience, disturbance,
loss of business or any other annoyance arising from the exercise of any or all of the rights of Landlord in this Article.

 

(f)
Common Facilities means all areas provided by Landlord, from time to time, for the common or joint use and benefit of the occupants
of the Building and their employees, agents, servants, customers and other invitees, including, without limitation, management
offices, parking areas, parking decks, access roads, driveways, retaining walls, landscaped areas, truck serviceways, sidewalks,
parcel pickup stations and, to the extent Landlord elects to service, repair, maintain and/or replace HVAC Equipment, all such
HVAC Equipment for which Landlord has, or has assumed, responsibility.

 

(g)
The term “Real Estate Taxes” means all taxes, rates and assessments, general and special, levied or imposed, with
respect to the land, buildings and improvements comprising the Property, including all taxes, rates and assessments, general and
special, levied or imposed, for schools, public betterment, general or local improvement and operations and taxes imposed in connection
with any special taxing district. If the system of real estate taxation shall be altered or varied and any new tax or levy shall
be levied or imposed on said land, buildings and improvements, and/or Landlord in substitution for real estate taxes presently
levied or imposed on immovables in the jurisdiction where the Building is located, then any such new tax or levy shall be included
within the term “Real Estate Taxes.” Should any governmental taxing authority acting under any regulation, levy, assess,
or impose a tax, excise and/or assessment however described (other than an income or franchise tax) upon, against, on account
of, or measured by, in whole or in part, the rent expressly reserved hereunder, or upon the rent expressly reserved under any
other leases or leasehold interests in the Property, as a substitute (in whole or in part) or in addition to any existing real
estate taxes on land and buildings and otherwise, such tax or excise on rents shall be included within the term “Real Estate
Taxes.” In the event Landlord is required to pay Real Estate Taxes in advance, Tenant agrees that Landlord shall immediately
be entitled to reimbursement therefor. Reasonable expenses (consisting of attorneys’ fees, consulting fees, expert witness
fees and similar costs) incurred by Landlord in obtaining or attempting to obtain a reduction of any Real Estate Taxes, shall
be added to and included in the amount of any such Real Estate Taxes. Real Estate Taxes which are being contested by Landlord
shall nevertheless be included for purposes of the computation of the liability of Tenant under this Article, provided, however,
that in the event that Tenant shall have paid any amount of increased rent pursuant to this Article and the Landlord shall thereafter
receive a refund of any portion of any Real Estate Taxes on which such payment shall have been based, Landlord shall pay to Tenant
the appropriate portion of such refund. Landlord shall have no obligation to contest, object to or litigate the levying or imposition
of any Real Estate Taxes and may settle, compromise, consent to, waive or otherwise determine in its discretion to abandon any
contest with respect to the amount of any Real Estate Taxes without consent or approval of the Tenant.

 

(h)
The Tenant’s Pro-Rata Share as used herein shall mean twenty-six and 67/100ths percent (26.67%) of the Annual Operating
Costs and Real Estate Taxes for the Building and the Property.

 

6. ADDITIONAL
RENT.

 

(a)
Tenant shall (i) pay all charges for water, sewer, and electricity used by Tenant during the Term of this Lease and metering therefor;
(ii) pay all telephone charges; and (iii) be responsible for the prompt and sanitary storage of Tenant’s refuse and rubbish
in the Premises.

 

(b)
Any amounts required to be paid by Tenant hereunder and any charges or expenses incurred by Landlord on behalf of Tenant under
the terms of this Lease shall be considered “Additional Rent” payable in the same manner and upon the same terms and
conditions as the rent reserved hereunder. Any failure on the part of Tenant to pay such Additional Rent when and as the same
shall become due shall entitle Landlord to the remedies available to it for non-payment of rent. Tenant’s failure to object
to any statement, invoice or billing rendered by the Landlord within a period of one hundred eighty (180) days after receipt thereof
shall constitute Tenant’s acquiescence with respect thereto, and such statement, invoice or billing shall thereafter be
deemed to be correct and shall be an account stated between Landlord and Tenant, provided, however, that Tenant shall have the
right to object to a subsequent unrelated statement, invoice, or billing. If Tenant requests that Landlord prepare, review, or
execute any document, consent or waiver in connection with this Lease or otherwise, Tenant shall be obligated to pay to Landlord,
as Additional Rent, a fee in the amount set forth on the fee schedule attached hereto as Exhibit F, to compensate Landlord
for the cost of reviewing and processing any such request, and Landlord shall not be obligated to process any such request of
Tenant until Tenant has paid Landlord the applicable processing fee. Nothing herein shall be deemed to require that Landlord consent
to, execute or approve any document, consent or waiver submitted to Landlord by Tenant notwithstanding Tenant’s payment
of the applicable processing fee. Landlord acknowledges and agrees that Landlord’s fee schedule set forth on Exhibit
F shall not apply to processing a Tenant objection to any statement, billing, or invoice rendered by Landlord pursuant to
this Lease.

 

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(c)
Payment by Tenant of a lesser amount than shall be due and shall be deemed to be payment on account, and shall not constitute
an accord and satisfaction with respect to the underlying obligation. The acceptance by Landlord of a check for a lesser amount
with an endorsement or statement thereon, or upon any fetter accompanying such check, that such lesser amount is payment in full,
shall be given no effect, and Landlord may accept such check without prejudice to any other rights or remedies which it may have
against the Tenant. In addition to all liens upon and rights of setoff or recoupment against any money or property of Tenant by
law, Landlord shall have, to the extent permitted by law, a contractual security interest in and a right of setoff against all
deposits, moneys or other property of Tenant now or hereafter in the possession of or on deposit with Landlord. Each such’
security interest or right of setoff may be exercised without demand upon or notice to Tenant. No security interest or right of
setoff shall be deemed to have been waived by any act or conduct on the part of Landlord or by any neglect to exercise such right
of setoff or to enforce such setoff and/or security interest or by any delay in so doing. Every right of setoff and/or security
interest shall continue in full force and effect until such right of setoff and/or security interest is expressly waived or released
by an instrument in writing executed by Landlord.

 

7.
LAWS AND ORDINANCES. Tenant will, at its own cost, promptly comply with and carry out all orders, requirements or conditions
now or hereafter imposed upon it by the ordinances, laws and/or regulations of the municipality, county and/or state in which
the Premises are located, whether required of Landlord or otherwise, in the conduct of Tenant’s business, including, without
limitation all local, state and federal laws and regulations respecting the storage, handling and use of any hazardous waste,
infectious waste or other hazardous materials, except that Landlord shall comply with any orders affecting structural walls and
columns unless due to Tenant’s particular business or use of the Premises. Tenant will indemnify and save Landlord harmless
from all penalties, claims, and demands resulting from Tenant’s failure or negligence in this respect.

 

8. FURNITURE;
FIXTURES; ELECTRICAL EQUIPMENT.

 

(a)
Tenant shall not place a load upon the floor of the Premises exceeding one hundred twenty five (125) pounds per square foot without
Landlord’s prior written consent. Business machines, mechanical equipment and materials belonging to Tenant which cause
vibration, noise, cold, heat or fumes that may be transmitted to the Building or to any other leased space therein to such a degree
as to be objectionable to Landlord or to any other tenant in the Building shall be placed, maintained, isolated, stored and/or
vented by Tenant at its sole expense so as to absorb and prevent such vibration, noise, cold, heat or fumes. Tenant shall not
keep within or about the Premises any dangerous, inflammable, toxic or explosive material. Tenant shall indemnify Landlord and
hold it harmless against any and all damage, injury, or claims resulting from the moving of Tenant’s equipment, furnishings
and/or materials into or out of the Premises or from the storage or operation of the same. Any and all damage or injury to the
Premises, the Building, or the Property caused by such moving, storage or operation shall be repaired by Tenant at Tenant’s
sole cost.

 

(b)
Tenant shall not install any equipment whatsoever which will or may necessitate any changes, replacements or additions to the
water system, plumbing system, heating system, air conditioning system or the electrical system of the Premises without the prior
written consent of Landlord Tenant shall, at its sole cost and expense, pay all charges for electricity used by the Tenant during
the Term of this Lease, including that used for interior lighting and the operation of the heating and air conditioning system
in the Premises, All equipment and fixtures hereafter installed and paid for by Tenant in the Premises shall be subject to the
provisions of Article 16(d) herein, shall remain the property of Tenant and shall be removable by Tenant at the expiration or
earlier termination of the Term of this Lease, provided that (i) Tenant shall not at such a time be in default under this Lease,
and (ii) in the event of the removal of any or ail of such equipment and fixtures, Tenant shall promptly restore the damage done
to the Premises by the installation and/or removal thereof. Should Tenant fail to so remove Tenant’s trade fixtures and/or
to so restore the Premises, Landlord may do so, collecting, at Landlord’s option, the cost and expenses thereof, as Additional
Rent, upon demand. Any such equipment and fixtures which are not removed and those which, by the terms of this Lease are not removable
by Tenant at or prior to any termination of this Lease, including, but not limited to, a termination by Landlord pursuant to this
Lease, shall, unless Landlord gives Tenant notice to remove any or all of such trade fixtures, be and become the property of Landlord
(without any obligation by Landlord to pay compensation for such equipment and fixtures). If Landlord gives Tenant such notice
to remove any or ail of such equipment and fixtures, Tenant shall promptly remove such of the trade fixtures as may be specified
by Landlord in such notice. Notwithstanding anything herein contained to the contrary, or any decision of any court to the contrary,
the terms “equipment” and “fixtures” shall not include any air conditioning equipment, heating, lighting,
electrical and plumbing equipment installed by Tenant in the Premises, nor any wiring or other apparatus related thereto, or any
items either installed by or paid for by Landlord.

 

9. ALTERATIONS.

 

(a)
Tenant shall make no alterations or changes, structural or otherwise, to any part of the Premises, either exterior or interior,
without Landlord’s written consent. In the event of any such approved changes, Tenant shall have all work done at its own
expense. Request for such consent shall be accompanied by plans stating in detail precisely what is to be done. Tenant shall comply
with the building codes, regulations and laws, now or hereafter, to be made or enforced in the municipality, county and/or state,
which pertain to such work. Tenant shall be permitted to install stacking frames for increasing vertical storage. Except to the
extent expressly provided to the contrary in this Lease, any additions, improvements, alterations and/or installations made by
Tenant to the Premises (except all racks, files, electronic products, tools, moveable office furniture, Tenant’s trade fixtures,
shelves, equipment, and parts) shall become and remain a part of the Premises and shall become Landlord’s property upon
the termination of Tenant’s occupancy of said Premises. Tenant’s trade fixtures and equipment shall not include any
air conditioning, heating, lighting, electrical, or plumbing fixtures or equipment. Tenant shall, at the expiration or other termination
of this Lease: (i) remove any wiring or cables installed in the Premises or the Building by or on behalf of Tenant including,
without limitation, any wiring or cables installed by Landlord as a part of Landlord’s work in the Premises under this Lease,
and (ii) restore said Premises, at Tenant’s sole cost and expense, to the condition in which the Premises are required to
be on the later of (x) the Rent Commencement Date, or (y) the date Tenant opens for business, or (z) the completion of all work
of Landlord and Tenant contemplated to be performed in the Premises pursuant to the provisions of this Lease, Tenant shall save
Landlord harmless from and against all expenses, liens, claims or damages to either property or person which may or might arise
by reason of the making of any such additions, improvements, alterations and/or installations. Landlord reserves the right to
change, increase or reduce, from time to time, the number, composition, dimensions or location of any parking areas, signs, the
Building name, service areas, walkways, roadways or other common areas or make alterations or additions to the Building, in its
sole discretion. Landlord’s approval of Tenant’s plans and specifications under this Article or any other provisions
of this Lease is solely for the purpose of ascertaining whether Tenant’s proposed alterations will have an adverse impact
on the structural components or Common Facilities of the Building and to insure the aesthetic and architectural harmony of the
Tenant’s proposed alterations with the remainder of the Building. No approval of plans by Landlord shall be deemed to be
a representation or warranty by Landlord that such plans or the work provided for therein will comply with applicable codes, laws
or regulations or be in conformance with any insurance or other requirements which affect the Premises or the Building, and Tenant
shall have the sole responsibility of complying with all such requirements notwithstanding Landlord’s approval of Tenant’s
plans.

 

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(b)
NOTICE IS HEREBY GIVEN THAT LANDLORD SHALL NOT BE LIABLE FOR ANY LABOR OR MATERIALS FURNISHED OR TO BE FURNISHED TO TENANT
UPON CREDIT, AND THAT NO MECHANICS’ OR OTHER LIEN FOR ANY SUCH LABOR OR MATERIALS SHALL ATTACH TO OR AFFECT THE ESTATE OR
INTEREST OF LANDLORD IN AND TO THE PREMISES OR THE BUILDING. WHENEVER AND AS OFTEN AS ANY LIEN ARISING OUT OF OR IN CONNECTION
WITH ANY WORK PERFORMED, MATERIALS FURNISHED OR OBLIGATIONS INCURRED BY OR ON BEHALF OF TENANT SHALL HAVE BEEN FILED AGAINST THE
PREMISES OR THE BUILDING, OR IF ANY CONDITIONAL BILL OF SALE SHALL HAVE BEEN FILED FOR OR AFFECTING ANY MATERIALS, MACHINERY OR
FIXTURES USED IN THE CONSTRUCTION, REPAIR OR OPERATION THEREOF, OR ANNEXED THERETO BY TENANT, TENANT SHALL FORTHWITH TAKE SUCH
ACTION BY BONDING, DEPOSIT OR PAYMENT AS WILL REMOVE OR SATISFY THE LIEN OR CONDITIONAL BILL OF SALE WITHIN TEN (10) BUSINESS
DAYS OF LANDLORD’S WRITTEN REQUEST THEREFOR.

 

10.
DAMAGE. If the Premises are damaged by fire or other cause covered by Landlord’s policy of fire insurance with extended
coverage or other property damage insurance carried by Landlord, all damage to the structural portions of the building required
to be maintained by Landlord pursuant to this Lease and Landlord’s Work as set forth on Exhibit C shall be repaired
by and at the expense of Landlord and the rent until such repairs shall have been made shall abate pro-rata according to the part
of the Premises which is unusable by Tenant. However, if such damage was caused by the negligence of Tenant, its employees, agents,
contractors, visitors or licensees, then all rentals shall be payable by Tenant during such period. Due allowance shall be made
for reasonable delay which may arise by reason of adjustment of fire insurance on the part of Landlord and/or Tenant, and for
delay on account of “labor troubles” or any other cause beyond Landlord’s control. If, however, the Premises
are rendered wholly untenantable by fire or other cause, or Landlord shall decide not to rebuild the same, Landlord may, at its
option, cancel and terminate this Lease by giving Tenant, within sixty (60) days from the date of such damage, notice in writing
of its intention to cancel this Lease, whereupon the Term of this Lease shall cease and terminate upon the third day after such
notice is given, and Tenant shall vacate the Premises and surrender the same to Landlord, but in none of the certain contingencies
in this Article mentioned shall there be any liability on the part of Landlord to Tenant covering or in respect of any period
during which the occupation of said Premises by Tenant may not be possible because of the matters hereinabove stated. Without
limiting the foregoing, Landlord shall not be responsible for consequential damages, lost profits or any damage to Tenant’s
personal property. If Landlord does not elect to terminate this Lease as provided above, Landlord shall proceed in a commercially
reasonable manner to repair the portions of the Premises which Landlord is required to restore in accordance with this Article
and, upon the completion of such repairs, Tenant shall use diligent and commercially reasonable efforts to repair the portions
of the Premises which are the responsibility of Tenant to insure under this Lease.

 

11.
CONDEMNATION. If the Premises or any part thereof shall be taken by any governmental or quasi- governmental authority pursuant
to the power of eminent domain, or by deed in lieu thereof, Tenant agrees to make no claim for compensation in the proceedings,
and hereby assigns to Landlord any rights which Tenant may have to any portion of any award made as a result of such taking, and
this Lease shall terminate as to the portion of the Premises taken by the condemning authority and rental shall be adjusted to
such date. The foregoing notwithstanding, Tenant shall be entitled to claim, prove and receive in the condemnation proceedings
such awards as may be allowed for relocation expenses and for fixtures and other equipment installed by it which shall not, under
the terms of this Lease, be or become the property of Landlord at the termination hereof, but only if such awards shall be made
by the condemnation court in addition to and stated separately from the award made by it for the land and the Building or part
thereof so taken. If the nature, location or extent of any proposed condemnation affecting the Building is such that Landlord
elects in good faith to demolish the Building, then Landlord may terminate this Lease by giving at least sixty (60) days written
notice of termination to Tenant at any time after such condemnation and this Lease shall terminate on the date specified in such
notice.

 

12.
USE OF PREMISES. Subject to the provisions of Article 57 below, the Premises shall be used and occupied by Tenant solely for
the purpose of general office use, receiving, storing, light assembly and selling (other than retail) products, materials and
merchandise made and/or distributed by Tenant and for no other purpose whatsoever The Premises shall not be used for any illegal
purpose or in violation of any valid regulation of any governmental body, or in any manner to (i) create any nuisance or trespass;
(ii) annoy or embarrass Landlord or any other tenant of the Property; (iii) vitiate any insurance; (iv) emit odors or noise; or
(v) alter the classification or increase the rate of insurance on the Property, Tenant shall open for business in the Premises
on or before the Rent Commencement Date, and shall thereafter continuously, actively and diligently operate its said business
on the whole of the Premises.

 

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13.
REPAIRS BY TENANT. Tenant shall be responsible for repairing, maintaining and cleaning the Premises and the fixtures therein,
keeping same in good order and condition during the Term of this Lease at its sole cost and expense, and will, at the expiration
or other termination of the Term hereof, surrender and deliver up the same and all keys, locks and other fixtures connected therewith
(except only office furniture and business equipment) in safe, clean, sanitary, and non-hazardous condition, and otherwise in
good order and condition, as the same were required to be in on the date Tenant occupied the Premises for the conduct of Tenant’s
business, ordinary wear and tear excepted.

 

14.
REPAIRS BY LANDLORD. Except for any supplemental HVAC equipment installed by Tenant, the heating ventilation, and air conditioning
units which are installed by Landlord shall be the responsibility of Landlord to maintain and repair during the Lease Term. Landlord
shall have no duty to Tenant to make any repairs or improvements to the interior of the Premises except structural repairs necessary
for safety and tenantability, and then only if not brought about by any act or neglect of Tenant, its agents, employees or invitees
Landlord shall not be liable for any damage caused to the person or property of Tenant, its agents, employees or invitees, due
to the Property or the Building or any part or appurtenances thereof being improperly constructed or being or becoming out of
repair, or arising from the leaking of water or sewer, or from electricity, or from any other cause whatsoever. Tenant agrees
to report immediately in writing to Landlord any defective condition in or about the Premises known to Tenant which Landlord is
required to repair, and a failure to so report shall make Tenant liable to Landlord for any expense, damage or liability resulting
from such defects. Landlord shall not be liable for failure to furnish or for suspension or delay in furnishing such services
due to breakdown, maintenance, or repair work, strike, riot, civil commotion, governmental action or any other cause beyond the
reasonable control of Landlord, or for interruptions of service for reasonable periods in connection with construction work being
performed in the Building. Landlord hereby reserves the exclusive right at any time and from time to time to install, use, repair,
inspect and replace pipes, duct conduits and wires leading through or located adjacent to the Premises and serving other parts
of the Building in locations which do not materially interfere with Tenant’s use thereof. Landlord’s right hereunder
may be exercised by Landlord’s designees. Tenant acknowledges and agrees that, from time to time, it will be necessary for
Landlord to temporarily interrupt the electrical or other utility service to the Premises in order to perform maintenance and
repair service on the utility systems serving the Property, or in connection with supplying such utility service to new or existing
tenants of the Property. Landlord will give Tenant reasonable advance notice of any such interruptions in service (except any
interruptions due to emergencies) and will use commercially reasonable efforts to minimize the interruption of Tenant’s
business as a result of such interruptions.

 

15.
ROOF RIGHTS. Except as otherwise provided in this Lease, Landlord shall have the exclusive right to use all or any portion
of the roof of the Building for any purposes.

 

16.
LANDLORD’S REMEDIES UPON DEFAULT. Tenant shall be in default under this Lease if Tenant (i) fails to pay any installment
of Base Rent, Additional Rent or other charges or money obligation to be paid by Tenant hereunder within five (5) days after the
same shall become due (all of which monetary obligations of Tenant shall bear interest at the highest rate allowable by law, not
to exceed 18% per annum from the date due until paid); provided, however, that Landlord shall not exercise its remedies with respect
to the first two (2) monetary payments received after such five (5) day period in any Lease Year unless Tenant fails to cure such
default within five (5) days after Landlord provides Tenant with written notice of such late payment; or (ii) defaults in the
performance of any of the covenants, terms or provisions of this Lease (other than the payment, when due, of any of Tenant’s
monetary obligations hereunder) or any of the Rules and Regulations now or hereafter established by Landlord to govern the operation
of this Building and fails to cure such default within thirty (30) days after written notice thereof from Landlord; or (iii) abandons
the Premises or fails to keep the Premises continuously and uninterruptedly open for business; or (iv) files a voluntary petition
in bankruptcy, or any similar petition seeking relief under any present or future federal, or other bankruptcy or insolvency statute
or law; or if a proceeding under any present or future federal, state or other bankruptcy or insolvency statute or law shall be
filed against Tenant or any asset of Tenant, and such proceeding shall not have been dismissed or vacated within thirty (30) days
of the date of such filing; or (v) makes an assignment for the benefit of its creditors. Upon the occurrence of any of the above
events, Landlord, at its option, may pursue any one or more of the following remedies without any notice or demand whatsoever:

 

(a)
Landlord, at its option, may at once, or at any time thereafter, terminate this Lease by written notice to Tenant, whereupon this
Lease shall end. Upon such termination by Landlord, Tenant will at once surrender possession of the Premises to Landlord and remove
all of Tenants’ effects therefrom, and Landlord may forthwith re-enter the Premises and repossess itself thereof, and remove
all persons and effects therefrom, using such force as may be necessary, without being guilty of trespass, forcible entry, detainer
or other tort.

 

(b)
Landlord may, without terminating this Lease, enter upon and take possession of the Premises 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
therefor, and, if Landlord so elects, make such alterations and repairs as, in Landlord’s judgment, may be necessary to
relet the Premises, and relet the Premises or any part thereof for such rent and for such period of time and subject to such terms
and conditions as Landlord may deem advisable and receive the rent therefor. Upon each such reletting, the rent received by Landlord
in respect of such reletting shall be applied first to the payment of any indebtedness other than rent due hereunder from Tenant
to Landlord, including interest thereon; second, to the payment of any loss and expenses of such reletting, including brokerage
fees, attorneys’ fees and the cost of such alterations and repair; third, to the payment of rent due and unpaid hereunder,
together with interest thereon as herein provided; and the residue, if any, shall be held by Landlord and applied in payment of
future rent as the same may become due and payable hereunder. Tenant agrees to pay to Landlord, on demand, any deficiency that
may arise by reason of such reletting. Notwithstanding any such reletting without termination, Landlord may at any time thereafter
elect to terminate this Lease for such prior default.

 

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(c)
In the event Landlord shall re-enter the Premises and/or terminate this Lease in accordance with the provisions of this Article,
Landlord may, in addition to any other remedy it may have, recover from Tenant all damages and expenses Landlord may suffer or
incur by reason of Tenant’s default hereunder, including without limitation, the cost of recovering the Premises and reasonable
attorney fees. Tenant agrees that actual damages to Landlord resulting from Landlord’s exercise of the remedies set forth
in paragraphs (a) or (b) above, will be difficult to ascertain, and therefore, after a default of Tenant hereunder, Tenant shall
also pay to Landlord “Liquidated Damages” for the failure of Tenant to observe and perform the covenants of this Lease,
which at the election of Landlord, shall be either: (A) (x) the sum of (i) the minimum monthly rent, plus (ii) the Additional
Rent payable hereunder for the month immediately preceding such failure to operate, re-entry or termination, less (z) the net
amount, if any, of the rents collected on account of the lease or leases of the Premises for each month of the period which would
otherwise have constituted the balance of the Term of this Lease, all of which sums shall become due and payable by Tenant to
Landlord upon the first day of each calendar month during the otherwise unexpired portion of the Term hereof; or (B) the whole
of said Liquidated Damages calculated under clause (A) multiplied by the number of months then remaining in the Lease Term, discounted
to present value at a rate of six percent (6%) per annum as of the date of termination or re-entry by Landlord; provided, however,
that in the event Landlord shall relet the Premises and the rent received by Landlord in respect of such reletting together with
the discounted Liquidated Damages paid by Tenant, less the costs and expenses incurred by Landlord in such reletting, shall exceed
the rent reserved hereunder for that period which would otherwise have constituted the remainder of the Term hereof, then Landlord
shall, upon the expiration of the period which would have constituted the Term of this Lease, refund to Tenant the lesser of the
amount of such excess or the discounted Liquidated Damages theretofore paid by Tenant.

 

(d)
If the rent agreed to be paid, including all other sums of money which under the provisions hereto are declared to be rent, shall
be in arrears in whole or in part for five (5) or more business days, Landlord may at its option (if such arrearage remains unpaid
after ten (10) days written notice to Tenant) declare the tenancy hereunder converted into a tenancy from month to month, and
upon giving written notice to Tenant of the exercise of such option, Landlord shall forthwith be entitled to all provisions of
law relating to the summary eviction of monthly tenants in default in rent, in addition to all other remedies provided for in
this Article, in order to secure Tenant’s obligations under this Lease, Landlord shall have a security interest in all tangible
personal property of Tenant on or about the Premises to the extent of all monies owed by Tenant to Landlord, including but not
limited to, inventory, furniture, trade fixtures, equipment, etc., and all such property shall, at Landlord’s option, become
the property of Landlord in the event Tenant fails to cure a default under this Lease within any period for notice and cure provided
for herein. Tenant agrees, upon the request of Landlord, to execute any and all documents which Landlord deems necessary or desirable
in order to perfect such security interest, including, but not limited to, a U.C.C.-1 financing statement and a security agreement
and to pay all costs, taxes or fees incurred in recording or filing any such documents. Tenant shall not grant a security interest
in or permit a lien to attach to any of the furniture, fixtures, equipment or other personal property used in the operation of
Tenant’s business in the Premises or otherwise located in the Premises without the prior written consent of Landlord, which
Landlord may withhold in its sole and absolute discretion. Tenant hereby appoints any attorney of any court of record within the
United States who may be, from time to time, designated in writing by Landlord (including any successor or assign of Landlord’s
estate in the Premises) (the “Agent”) as Tenant’s attorney-in-fact with full power and authority, for and on
behalf of Tenant and Tenant’s successors and assigns, to execute any documents and to take, at the sole cost and expense
of Tenant (or Tenant’s successor or assign), all actions necessary or required, in Agent’s discretion (including,
without limitation, the power and authority to execute, acknowledge and record documents on Tenant’s behalf) to contact,
negotiate with, and require information from any lender or other party claiming a security interest or other interest in any property
located in the Premises, including, without limitation, the right on Tenant’s behalf, in accordance with the provisions
of Section 9-210 of the Uniform Commercial Code, to make a Request for an accounting and/or a Request regarding a list of collateral
and/or a Request regarding a statement of account. The foregoing power of attorney is coupled with an interest and is irrevocable
and shall be exercisable by Landlord with respect to any liens or other interests claimed in any property located in the Premises,
including liens or other interests which were not consented to by Landlord or were otherwise granted or created in violation of
this Lease.

 

(e)
Anything in this Lease to the contrary notwithstanding, in order to cover the extra expense involved in handling delinquent payments,
Tenant shall pay a “late charge” in an amount equal to the greater of (i) 5% of any delinquent payment, or (ii) $250.00,
when any installment of Base Rent (or any other amount as may be considered Additional Rent under this Lease) is paid more than
five (5) days after the due date thereof. It is hereby understood that this charge is for extra expenses incurred by the Landlord
in processing the delinquency.

 

(f)
Tenant hereby appoints as its agent to receive service of all dispossessory or other proceedings and notices thereunder and under
this Lease the person apparently in charge of the Premises at the time, and if no person then appears to be in charge of the Premises,
then such service or notice may be made by attaching the same to the main entrance of the Premises, provided that, in such later
event, a copy of any such proceedings or notice shall also be mailed to Tenant in the manner set forth in Article 33 hereof.

 

(g)
Tenant shall be considered in “Habitual Default” of this Lease upon (i) Tenant’s failure, on three (3) or more
occasions during any Lease Year, to pay, when due, any installment of Base Rent, Additional Rent, or any other sum required by
the terms of this Lease, or (ii) Tenant’s repeated violation of, or failure to comply with, any term, covenant or condition
of this Lease after written notice of such violation or failure to comply has been given by Landlord to Tenant. Upon the occurrence
of an event of Habitual Default on the part of Tenant, Tenant shall immediately be deemed to have released any and all options
or rights granted, or to be granted, to Tenant under the terms of this Lease (including, without limitation, rights of renewal,
rights to terminate, or rights of first refusal), and Landlord may, in addition to its other remedies under this Lease, by notice
to Tenant, increase the security deposit required hereunder to an amount equal to six (6) months Base Rent (or, at Landlord’s
option, a lesser period) such amount to be due and payable within ten (10) days after the date of such notice.

 

    	Page 7 of 30

    	 

    

 

(h)
Pursuit of any of the foregoing remedies shall not preclude Landlord from pursuing any other remedies therein or at law or
in equity provided, nor shall pursuit of any remedy by Landlord constitute a forfeiture or waiver of any rent due to Landlord
hereunder or of any damages accruing to Landlord by reason of Tenant’s violation of any of the covenants and provisions
of this Lease. Tenant hereby waives any right to assert or maintain any permissive counterclaims against Landlord in any
action brought by Landlord to obtain possession of the Premises. No act of Landlord (including, without limitation, acts of
maintenance, efforts to relet the Premises, or any other actions taken by Landlord or its agents to protect Landlord’s
interests under this Lease) other than a written notice of termination, shall terminate this Lease. The acceptance of keys to
the Premises by Landlord, its agents, employees, contractors or other persons on Landlord’s behalf shall not be deemed
or constitute to effect a termination of this Lease unless such early termination is evidenced by a written instrument
signed by Landlord. The receipt or acceptance of payments of Minimum Rent or Additional Rent by Landlord, its agents,
employees, contractors or other persons on Landlord’s behalf after Landlord has elected to terminate this Lease or
reenter as provided in this Article shall not be deemed or constitute to effect a cure by Tenant of any default, but shall be
deemed to be payment on account with respect to Tenant’s underlying obligations, and Landlord may accept such check
without prejudice to any other rights or remedies which it may have against the Tenant.

 

17. INSURANCE.

 

(a)
Tenant agrees to indemnify and save Landlord and Landlord’s Managing Agent harmless from any and all liabilities, damages,
causes of action, suits, claims, judgments, costs and expenses of any kind (including attorneys’ fees): (i) relating to
or arising from or in connection with the possession, use, occupancy, management, repair, maintenance or control of the Premises,
or any portion thereof; (ii) arising from or in connection with any act or omission of Tenant or Tenant’s agents, employees
or invitees; or (iii) resulting from any default, violation or injury to person or property or loss of life sustained in or about
the Premises. To assure such indemnity, Tenant shall carry and keep in full force and effect at all times during the Term of this
Lease for the protection of Landlord and Landlord’s Managing Agent and Tenant herein, public liability and property damage
insurance with combined single limits of not less than One Million Dollars ($1,000,000.00) per occurrence; with not less than
a Two Million Dollar ($2,000,000.00) aggregate per location. If any act or omission of Tenant in violation of the provisions of
this Lease alters the classification or increase the rate of insurance on the Building or the Property then Landlord’s costs
and expenses Incurred with respect to curing any such default of Tenant, and any costs and expenses incurred by Landlord (including,
without limitation, attorney fees) as a direct or indirect result of any default of Tenant (whether or not cured by Tenant) shall,
upon demand, be paid for by Tenant as Additional Rent.

 

(b)
Tenant shall be and remain liable for the maintenance, repair and replacement of all plate glass in the Premises with glass of
like kind and quality. If requested by Landlord, Tenant shall keep the same insured under a policy of plate glass insurance.

 

(c)
Tenant shall obtain and at all times during the Term hereof maintain, at its sole cost and expense, policies of insurance covering
the Premises and any permanent alterations to the Premises made by Tenant or Landlord in accordance with this Lease (excluding
only structural improvements and components required to be insured and maintained by Landlord) including, without limitation,
decorative finishes, equipment, lighting or fixtures unique to Tenant’s use of the Premises and any trade fixtures or other
fixtures or property (including improvements which may not be removed by Tenant under the terms of this Lease), and all of Tenant’s
fixtures, equipment and inventory installed and/or located in the Premises, in an amount of not less than the full replacement
cost of said items, with the classification “Fire and Extended Coverage” together with insurance against vandalism,
malicious mischief, and sprinkler leakage or other sprinkler damage, boiler and pressure vessel insurance, and any proceeds of
such insurance so long as this Lease shall remain in effect, shall be used only to repair or replace the items so insured.

 

(d)
Said public liability and property damage insurance policies and any other insurance policies carried by Tenant with respect to
the Premises shall: (i) be issued in form acceptable to Landlord by good and solvent insurance companies, qualified to do business
in the state in which the Premises is located and reasonably satisfactory to Landlord; (ii) be endorsed to name Landlord, Landlord’s
Managing Agent, Tenant and any other parties in interest from time to time designated in writing by notice from Landlord to Tenant
as Additional Insureds; (iii) be written as primary policy coverage and not contributing either to or in excess of any coverage
which Landlord may carry; (iv) provide for thirty (30) days prior written notice to Landlord of any cancellation or other expiration
of such policy or any defaults or material changes thereunder; and (v) contain an express waiver of any right of subrogation by
the insurance company against Landlord and Landlord’s Managing Agent. Such insurance policies shall be obtained from an
approved insurance company and Tenant shall deliver a copy of said policy or an original Certificate of Insurance to Landlord,
before Tenant takes occupancy of the Premises, showing the same to be in full force and effect. Neither the issuance of any insurance
policy required hereunder, nor the minimum limits specified herein with respect to Tenant’s insurance coverage shall be
deemed to limit or restrict in any way Tenant’s liability arising under or out of this Lease.

 

(e)
In addition to the indemnity and insurance provision stipulated in this Article, the Tenant shall also obtain and at all times
during the Term of this Lease maintain the following additional insurance of the type marked below with an “X:”

 

18.
PROPERTY AT TENANT’S RISK. It is understood and agreed that all personal property in the Premises, of whatever nature,
whether owned by Tenant or any other person, shall be and remain at Tenant’s sole risk and Landlord shall not assume any
liability or be liable for any damage to or loss of such personal property, arising from the bursting, overflowing, or leaking
of the roof or of water or sewer pipes, or from heating or plumbing fixtures or from the handling of electric wires or fixtures
or from any other cause whatsoever. In addition to all other remedies provided for in this Lease, to secure the payment of all
Minimum Rent, Additional Rent or any other monies owed by Tenant to Landlord, Landlord shall have, at Landlord’s option
and upon notice thereof to Tenant, a security interest in all tangible personal property of Tenant on or about the Premises, including,
but not limited to, inventory, furniture, trade fixtures equipment, etc., and this Lease is intended to be and shell be a security
agreement, as defined in the Uniform Commercial Code. Tenant hereby authorizes Landlord, by and through its attorney, officers
or other agent designated by Landlord, to execute and/or record a UCC-1 on Tenant’s behalf to perfect any security interest
created under this Article, and Tenant shall reimburse Landlord for all fees or other costs incurred in connection with recording
a UCC-1. Tenant agrees, upon the request of Landlord, if required by applicable law, to execute any and all documents which Landlord
deems necessary or desirable in order to perfect such security interest, including, but not limited to a UCC-1 financing statement
(a “UCC-1”).

 

    	Page 8 of 30

    	 

    

 

19. ASSIGNMENT;
SUBLETTING.

 

(a)
Neither Tenant, nor any of its permitted successors or assigns, shall transfer, assign, mortgage, encumber, or, by operation of
law or otherwise, pledge, hypothecate, or assign all or any of its interest in this Lease, or sublet or permit the Premises, or
any part thereof, to be used by others, including, but not by way of limitation, concessionaires or licensees of Tenant, without
the prior written consent of Landlord, in each instance, which consent Landlord shall not unreasonably withhold if the requirements
of this Article 19 and the requirements and conditions set forth in other provisions of this Lease are fully complied with. Any
such subletting or assignment shall be referred to as a “Transfer”, and the person to whom Tenant’s interest
is transferred shall be referred to as a “Transferee”.

 

(b)
The prohibition against any Transfer without the prior written consent of Landlord shall apply, without limitation, to the following
circumstances, each of which shall be deemed a Transfer: (i) if Tenant or any guarantor of this Lease is a corporation (other
than a corporation, the outstanding voting stock of which is listed on a “national securities exchange,” as defined
in the Securities Exchange Act of 1934), and if shares of such corporation are transferred by sale, assignment, bequest, inheritance,
operation of law or otherwise (including, without limitation, a transfer to or by a receiver or trustee in federal or state bankruptcy,
insolvency or other proceeding), so as to result in or make possible a change in the present control of such corporation; (ii)
if Tenant or any guarantor of this Lease is a partnership, any change in control or ownership of such partnership; (iii) any transfer
by sale, assignment, bequest, inheritance, operation of law or other disposition of all or substantially all of the assets of
Tenant or any guarantor which results in or makes possible a change in the present control of the business of Tenant or any such
guarantor; (iv) any other change in ownership of Tenant, any guarantor of this Lease or the business operated by Tenant; or (v)
any subletting or assignment which occurs by operation of law, merger, consolidation, or reorganization or any change of Tenant’s
corporate or proprietary structure, in no event may Tenant assign this Lease, or sublease the Leased Premises, if Tenant is in
default under this Lease.

 

(c)
In the event that Tenant desires to effect a Transfer hereunder, Tenant shall give Landlord written notice (the “Transfer
Notice”) thereof. To be effective, the Transfer Notice shall be accompanied by Tenant’s check, payable to the order
of Landlord, or Landlord’s Agent, in an amount equal to One Thousand and No/100 Dollars ($1,000,00) to compensate Landlord
for the cost of reviewing the proposed Transfer and specify the proposed Transferee, and the proposed terms of the Transfer, and
contain such information about the proposed Transferee, its experience, its financial situation, its methods of operation, and
its impact on the Building, as a prudent businessman would require in making the Transfer decision. Tenant specifically agrees
to apprise Landlord of any adverse or negative information in its possession concerning the proposed Transfer and the proposed
Transferee. The Transfer Notice shall also contain a certificate by Tenant (or an officer or general partner of Tenant if Tenant
is a corporation or partnership) of all “Transfer Consideration” (as defined below) or payable in connection with
the proposed Transfer. Within sixty (60) days of the receipt of the Transfer Notice, Landlord shall, by written notice to Tenant,
elect: (i) to permit the proposed Transfer; (ii) to terminate this Lease; (iii) to sublet with the right to further sublet from
Tenant for the balance of the Term of this Lease (a) all of the Premises, or (b) only so much of the Lease Premises as Tenant
proposed to Transfer, at the same rental as Tenant is obligated to pay to Landlord hereunder; or (iv) to deny consent to the proposed
Transfer, in which event Tenant shall continue to occupy the Lease Premises and comply with all of the terms and conditions hereof.
In the event that Landlord fails to give Tenant written notice of its election hereunder within the specified sixty (60) day period.
Landlord shall be deemed to have denied its consent to the proposed Transfer.

 

(d)
If this Lease is transferred, the permitted Transferee shall assume by written instrument all of Tenant’s obligations under
the Lease and such Transferee, at least thirty (30) days prior to the effective date of the permitted Transfer, shall deliver
to Landlord the proposed sublease, assignment and assumption agreement or other instrument evidencing the Transfer and the Transferee’s
undertaking of Tenant’s obligations under the Lease. All of such documents shall be subject to Landlord’s prior written
approval. In the event of a permitted Transfer, Tenant shall continue to be liable hereunder, and shall not be released from performance
hereunder In addition to the Rent reserved hereunder, Tenant shall pay to Landlord all monies, property and other consideration
of every kind whatsoever paid or payable to Tenant in consideration of or related to such Transfer and for all property transferred
to the Transferee, as all or part of the consideration including, without limitation, fixtures, other Leasehold Improvements,
furniture, equipment and furnishings (collectively, ail of the foregoing monies, property and other consideration shall be referred
to as the “Transfer Consideration”), but excluding bona fide consideration paid for transfer of Tenant’s Property.
Following a permitted Transfer of this Lease, Landlord shall not be required to send the named Tenant any notice of default by
the approved Transferee.

 

    	Page 9 of 30

    	 

    

 

(e)
Any Transfer without Landlord’s consent, whether as a result of any act or omission of Tenant, or by operation of law or
otherwise, shall not be binding upon Landlord, and shall confer no rights upon any third person. Each such unpermitted Transfer
shall, without notice or grace period of any kind, constitute a default by Tenant under this Lease. Consent by Landlord to any
one Transfer shall not constitute a waiver of the requirement for consent to any other Transfer. Notwithstanding anything in this
Article or any decision of any court to the contrary, it shall be deemed reasonable for Landlord to refuse consent to a Transfer
if, at the time Landlord’s consent is requested, other premises in the Building suitable for the prospective Transferee’s
use are (or soon will be) available. No reference in this Lease to assignees, subtenants or licensees shall be deemed to be a
consent by Landlord to the occupancy of the Leased Premises by any such assignee, subtenant or licensee. If Tenant’s interest
in this Lease is assigned whether or not in violation of the provisions of this Article, Landlord may collect rent from the assignee
If the Premises or any part thereof, are sublet to, or occupied or used by any person or entity other than Tenant, whether or
not in violation of the Article, Landlord may collect rent from the subtenant, user or occupant. In either case Landlord shall
apply the amount collected to the Basic Rent and Additional Rent payable under this Lease, but neither any such assignment subletting,
occupancy or use, whether with or without Landlord’s prior consent, nor any such collection or application shall be deemed
to create any privity between Landlord and any subtenant or to be a waiver of any term covenant or condition of this Lease or
the acceptance by Landlord of such assignee, subtenant, occupant or user as Tenant The listing of any name other than that of
Tenant on any door of the Premises or of the Premises or on any directory in the Building, or otherwise, shall not operate to
vest in the person or entity so named any right or interest in this Lease or in the Premises or be deemed to constitute, or serve
as a substitute for, any prior consent of Landlord required under this Article, and it is understood that any such listing shall
constitute a privilege extended by Landlord which shall be revocable at Landlord’s will by notice to Tenant. Neither an
assignment of Tenant’s interest in this Lease nor a subletting, occupancy or use of the Premises or any part thereof by
any person or entity other than Tenant, nor the collection of rent by Landlord from any person or entity other than Tenant as
provided in this Article, nor the collection of rent by Landlord from any person or entity other than Tenant as provided in this
Article, nor the’ application of any such rent as provided in this Article shall, in any circumstances, relieve Tenant from
its obligation fully to observe and perform the terms, covenants and conditions of this Lease on Tenant’s part to be observed
and performed. As security for this Lease, Tenant hereby assigns to Landlord the rent due from any subtenant of Tenant. For any
period during which Tenant is in default hereunder, Tenant hereby authorizes each such subtenant to pay said rent directly to
Landlord upon the subtenant’s receipt of notice from Landlord specifying same Landlord’s collection of such rent shall
not be construed as an acceptance of such subtenant as the tenant under this Lease, Each sublease is subject to the condition
that if the Lease Term is terminated as a result of Tenant’s default or if Landlord succeeds to Tenant’s interest
in the Premises by voluntary surrender or otherwise, at Landlord’s option (but expressly without any obligation to so elect)
the subtenant shall be bound to Landlord for the balance of the term of such sublease and shall attorn to and recognize Landlord
as its landlord under the terms of such sublease. If Tenant is a corporation, limited liability company or partnership, Tenant
represents that the ownership and power to vote its entire outstanding capital stock or partnership interests belongs to and is
vested in the persons listed on Exhibit E; provided, however that the provisions of this sentence shall not apply to a
publicly held entity described in clause (i) of paragraph (b) of this Article 19.

 

20.
SIGNS. No sign, advertisement or notice shall be inscribed, painted, affixed or displayed on the windows or exterior walls
of the Premises or on any public area of the Building, except the directories and the office doors, and then only in such places,
numbers, sizes, color and style as are approved by Landlord and which conform to all applicable laws and/or ordinances, Any and
all permitted signs shall be installed and maintained by Landlord at Tenant’s sole expense. During the period of six months
prior to the expiration of this Lease or any renewal thereof, Landlord shall have the right to display on the exterior of the
Premises a sign advertising the space as available “For Rent.” Notwithstanding the aforesaid, but subject to all applicable
laws and/or ordinances, Landlord will install, at Tenant’s sole cost and expense, one (1) identification sign on the front
side of the Building, and one (1) identification sign on the rear side of the Building facing I-270 above the entrance to the
Premises (the “Additional Signs”) under the following terms and conditions: (i) The exact size and location of. and
all plans and specifications for, the Additional Signs shall be subject to Landlords approval, which will not be unreasonably
withheld; and (ii) after the initial installation by Landlord, Tenant shall, at Tenant’s sole cost and expense, repair,
replace and maintain the Additional Signs, in good condition, consistent with general construction standards; and (iii) Landlord
shall obtain, at Tenant’s sole cost and expense, all permits and approvals for the installation of the Additional Signs,
but Landlord shall not obtain any variance or waiver of any governmental requirements if any such variance or waiver would reduce
or otherwise adversely affect the ability of Landlord or other tenants of the Building to install or replace signs which would
be permitted but for any variance or waiver of any governmental requirements obtained for the Additional Signs. Notwithstanding
the foregoing to the contrary, but subject to the provisions of Article 57 below, Tenant shall also be permitted to install lettering
on the suite entry glass door or on a glass panel adjacent to the suite entry door that includes Tenant’s name, Tenant’s
wholly owned subsidiary. Teletronics (Beijing) Science & Technology Company, and Tenant’s affiliated corporation, Zejiang
Xun Yun Tian Corporation.

 

21.
RULES AND REGULATIONS. Tenant shall at all times comply with the rules and regulations set forth on Exhibit B attached
hereto, and with any additions thereto and modifications thereof adopted from time to time by Landlord, and each such rule or
regulation shall be deemed to be a covenant of this Lease to be performed and observed by Tenant.

 

22.
PARKING. Landlord grants Tenant the non-exclusive, unassigned, right to use the parking area or areas designated by the Landlord,
at no cost to Tenant for the duration of the Term, including any extensions thereof. Tenant hereby agrees to comply with all traffic
and parking rules and regulations imposed by Landlord from time to time.

 

23.
LANDLORD ACCESS. Except in the event of an emergency, for which Landlord shall not be required to provide advance notice to
Tenant, Landlord shall have the right to enter upon the Premises upon reasonable prior notice, which notice may be telephonic,
for purposes of (i) showing the Premises to prospective tenants; (ii) to post the Premises with “For Rent” or other
offering signs, as Landlord may deem appropriate; (iii) to exhibit the same to prospective purchasers or mortgagees; and (iv)
to inspect the Premises to see that Tenant is complying with all its obligations hereunder, or to make required repairs.

 

    	Page 10 of 30

    	 

    

 

24. SUBORDINATION.

 

(a)
This Lease is subject and subordinate to the lien of any ground leases and to all mortgages, deeds of trust or deeds to secure
debt which may now or hereafter affect or encumber the Building or the real property of which the Premises form any part, and
to all renewals, modifications, consolidations, replacements or extensions thereof This Article shall be self-operative and no
further instrument of subordination shall be required. In confirmation of any such subordination, Tenant shall execute within
five (5) days after receipt, any certificate that Landlord may reasonably so request. No foreclosing lender nor any purchaser
at foreclosure shall be liable for any defaults (including defaults of a continuing nature) by any prior landlord, or for the
return of any security deposit; Tenant covenants and agrees to attorn to Landlord or to any successor to Landlord’s interest
in the Premises, whether by sale, foreclosure or otherwise.

 

(b)
Not with standing the foregoing, in the event any ground lessor, mortgagee or the holder of any deed of trust or deed to secure
debt shall elect to make the lien of this Lease prior to the lien of its ground lease or mortgage, then, upon such party giving
Tenant written notice to such effect at any time prior to the commencement of foreclosure by filing a notice thereof for record
among the land records, this Lease shall be deemed to be prior in lien to the lien of such ground lease or mortgage, whether dated
prior or subsequent thereto.

 

25.
MORTGAGEE PROTECTION. Tenant agrees to give any Mortgagees and/or Trust Deed Holders, by Registered Mail, a copy of any Notice
of Default served upon Landlord, provided that prior to such notice, Tenant has been notified, in writing, (by way of Notice of
Assignment of Rents and Leases, or otherwise) of the address of such Mortgagees and/or Trust Deed Holders, Tenant further agrees
that if Landlord shall have failed to cure such default within the time provided for in this Lease, then the Mortgagees and/or
Trust Deed Holders shall have an additional thirty (30) days within which to cure such default or if such default cannot be cured
within that time, then such additional time as may be necessary if within such thirty (30) days, any Mortgagee and/or Trust Deed
Holder has commenced and is diligently pursuing the remedies necessary to cure such default (including but not limited to commencement
of foreclosure proceedings, if necessary to effect such cure), in which event this Lease shall not be terminated while such remedies
are being so diligently pursued. Tenant agrees that in the event of the sale of the Property, by foreclosure or deed in lieu thereof,
the purchaser at such sale shall only be responsible for the return of any security deposit paid by Tenant to Landlord in connection
with this Lease to the extent that such purchaser actually receives such security deposit.

 

26.
CONSTRUCTION OF TENANT IMPROVEMENTS BY LANDLORD. Landlord, at Landlord’s sole cost and expense, shall make such improvements
in and to the Premises as are designated on the Tenant’s layout and specifications in a workmanlike manner and in accordance
with applicable building codes (“Landlord’s Work”) labeled Exhibit C attached hereto (or shall be attached
hereto when completed and approved by the Landlord and Tenant) and by this reference made a part hereof. Any improvements other
than those shown on Exhibit C shall be subject to Landlord’s prior written approval, shall be at the Tenant’s
sole expense, and shall be constructed by Landlord, It is agreed that the cost of any such additional improvements, shall be paid
by Tenant, as Additional Rent, within ten (10) days of presentation of a bill therefor. Landlord’s sole obligation with
respect to the improvements set forth on Exhibit C is to construct such improvements in accordance with the layout, plans
and specifications set forth on Exhibit C Landlord does not represent or warrant to Tenant that the work described on Exhibit
C is sufficient to make the Premises suitable for Tenant’s intended use or that such work will be sufficient to enable
Tenant to obtain a certificate of occupancy for the Premises. In the event that leasehold improvements are to be supplied by the
Landlord, the Tenant agrees to designate two persons who are authorized to originate and/or approve change orders and additions
associated with leasehold improvements to the Premises. These designees are: Sean Zhang and Helen Xia.

 

The
Landlord will not be responsible for any changes from the approved improvement plan, unless the change is requested by the Tenant
in writing. Within a reasonable period of time after receipt of a written change order from the Tenant, Landlord will provide
Tenant with an estimate of the cost of the change and any time delay that may occur as a result of the change. The Rent Commencement
Date as herein defined will not be affected by delays resulting from Tenant requested change orders.

 

27.
HOLD-OVER; SURRENDER OF PREMISES. If Tenant shall not immediately surrender the Premises the day after the end of the Term
hereby created, then Tenant shall, by virtue of this agreement, become, at Landlord’s option, either (a) a tenant at sufferance,
or (b) a tenant from month-to-month. In either of such events, rent shall be payable at a monthly or daily rate, as the case may
be, of one hundred fifty percent (150%) of the Base Rent and Additional Rental payable by Tenant immediately prior to the expiration
or termination of the Term, with said tenancy to commence on the first day after the end of the Term above demised; and said tenancy
shall be subject to all of the conditions and covenants of this Lease insofar as such covenants and conditions are applicable
thereto. Nothing contained in this Lease shall be construed as a consent by Landlord to the occupancy or possession of the Premises
after the expiration of the Term of this Lease. If Landlord fails to make an election under clause (a) or (b) within ten (10)
days after the expiration or termination of the Term, the hold-over tenancy shall be deemed to be a tenancy from month-to-month.
If Tenant holds over as a month-to-month tenant, each party hereto shall give to the other at least thirty (30) days written notice
to quit the Premises (any right to a longer notice period being hereby expressly waived), except in the event of non-payment of
rent in advance or of the other Additional Rents provided for herein when due, or of the breach of any other covenant by the said
Tenant, in which event Tenant shall not be entitled to any notice to quit, the usual thirty (30) days’ notice to quit being
expressly waived; provided, however, that in the event Tenant shall holdover after expiration of the Term hereby created, and
if Landlord shall desire to regain possession of said Premises promptly at the expiration of the Term aforesaid, then at any time
prior to the date Landlord makes (or is deemed to have made) its election under Clause (b) of this Article, Landlord at its option,
may re-enter and take possession of the Premises forthwith, without process, or by any legal action or process in force in the
state in which the Premises is located; provided, however, that if Landlord has accepted rent for any period beyond the expiration
of the Term and Tenant is not then in default under any of the provisions of this Lease. Landlord shall promptly refund to Tenant
an amount equal to any excess rental received by Landlord with respect to any period after Landlord exercises its right to re-enter
the Premises under this Article. At the expiration of or earlier termination of the Term of this Lease, Tenant shall peacefully
surrender the Premises to Landlord, in condition required under Article 9(a) of this Lease, ordinary wear and tear excepted to
the extent the Premises is not required to be repaired and/or maintained by Tenant. Tenant shall surrender all keys for
the Premises to Landlord and shall notify Landlord in writing of all combinations of locks, safes, and vaults, if
any in the Premises. If the Premises are not surrendered as and when aforesaid, Tenant shall indemnify and hold
Landlord harmless from and against all claims, loss or liability (direct, indirect, foreseeable or unforeseeable) resulting
from the delay by Tenant in surrendering the Premises including, without limitation, any claims made by any succeeding
occupant based upon Landlord’s inability to deliver the Premises to any such succeeding occupant. Tenant shall comply with
the provisions of Article 9 hereof respecting Tenant’s Property. Tenant’s obligations to observe and perform
the covenants set forth in this Article shall survive the expiration or earlier termination of this Lease.

 

    	Page 11 of 30

    	 

    

 

28.
ESTOPPEL CERTIFICATES. Tenant agrees, at any time and from time to time, upon not less than five (5) business days prior written
notice by Landlord, to execute, acknowledge and deliver to Landlord or to such person(s) as may be designated by Landlord, a statement
in writing (i) certifying that Tenant is in possession of the Premises, has unconditionally accepted the same and is currently
paying the rents reserved hereunder, (ii) certifying that this Lease is unmodified and in full force and effect (or if there have
been modifications, that the Lease is in full force and effect as modified and stating the modifications), (iii) stating the Rent
Commencement Date and the dates to which the rent and other charges hereunder have been paid by Tenant and (iv) stating whether
or not to the best knowledge of Tenant, Landlord is in default in the performance of any covenant, agreement or condition contained
in this Lease, and, if so, specifying each such default of which notices to Landlord should be sent. If Tenant fails to execute
and return any such agreement to Landlord within such five (5) day period, then Landlord shall be entitled to collect from Tenant,
as liquidated damages with respect to such default of Tenant in addition to Base Rent and other amounts payable hereunder, as
Additional Rent, an amount equal to one-half of one percent (1/2%) of the then amount of Base Rent then payable under this Lease,
for each day Tenant delays in returning the requested agreement to Landlord. Any such statement delivered pursuant hereto may
be relied upon by any owner, prospective purchaser, mortgagee or prospective mortgagee of the Building or of Landlord’s
interest therein, or any prospective assignee of any such mortgagee.

 

29.
QUIET ENJOYMENT. Landlord warrants that it has the right to make this Lease for the Term aforesaid and that it will put Tenant
into complete and exclusive possession of the Premises. Landlord covenants that if Tenant pays the rent and all other charges
provided for herein, performs all of its obligations provided for hereunder and observes all of the other provisions hereof, Tenant
shall at all times during the Term hereof peaceably and quietly have, hold and enjoy the Premises, without any interruption or
disturbance from Landlord, or anyone claiming through or under Landlord, subject to the terms hereof.

 

30.
DELAY. In the event Landlord for any reason is unable to deliver possession of the Premises to Tenant on or before the Rent
Commencement Date, at Landlord’s option, this Lease shall remain in full force and effect and Tenant shall have no claim
against Landlord by reason of any such delay, but no rent shall be payable during the pendency of any such delay, or upon written
notice to Tenant, Landlord may terminate this Lease and, except for the return of any security deposit or prepaid rent, Landlord
shall have no further obligation or liability to Tenant. In the event that Landlord does not so terminate this Lease, at such
time as Landlord tenders possession of the Premises to Tenant in writing, Tenant shall commence payment of rent pursuant to Article
3 hereof, and the expiration date of the Term of this Lease shall be extended for a period equal to the period of such delay.
In the event of any such delay, Tenant shall execute a Commencement and Estoppel Agreement as provided in Article 2, specifying
the date on which possession of the Premises was tendered by Landlord. Notwithstanding the foregoing, but subject to Force Majeure
as set forth in Article 55 of the Lease, in the event Landlord, for any reason, is unable to deliver possession of the Premises
to Tenant by August 1, 2014 and Tenant has submitted a signed Lease to Landlord on or before April 16, 2014, then Landlord shall
provide Tenant with one (1) additional month of abatement of Tenant’s Base Rent.

 

31.
MODIFICATIONS DUE TO FINANCING. If, in connection with obtaining temporary or permanent financing for the Building or the
land upon which the Building is located, any such lender shall request reasonable modifications of this Lease as a condition to
such financing, Tenant agrees that Tenant will not unreasonably withhold, delay or defer the execution of any agreement of modification
of this Lease provided such modifications do not increase the financial obligations of Tenant hereunder or materially adversely
affect the leasehold interest hereby created or Tenant’s reasonable use and enjoyment of the Premises.

 

32.
ATTORNEYS. Tenant acknowledges that it has engaged counsel in connection with the negotiation of this Lease, or that Tenant
has freely decided to enter into this Lease without engaging the services of counsel.

 

33.
NOTICES. All notices, rent or other payments required or desired to be given hereunder by either party to the other shall
be sent by first class mail, postage prepaid, or by a reputable commercial messenger service, except that notices of default and
notices related to the exercise of options or other rights under this Lease shall be sent by certified mail, return receipt requested
or by a receipted overnight commercial messenger service (such as Federal Express, UPS, or DHL) for delivery on the next following
business day. Notice of any matter given orally, by telephone, facsimile, email or in any form other than as provided in this
Article shall be of no force or effect, and shall not be binding on the intended recipient unless the intended recipient, at its
option and without any obligation to do so, sends the party sending such communication a notice in accordance with this Article
accepting receipt of such non-conforming notice and waiving the requirements of this Article. Consent by Landlord to any non-conforming
notice shall not constitute a waiver of the requirements of this Article with respect to any subsequent notice or notices. Notices
sent by mail shall be deemed to be received on the date of actual receipt by the recipient or on the date delivery is refused.
Notices sent by a receipted overnight commercial messenger service shall be deemed received on the next business day after depositing
with such delivery service. Notices to the respective parties, and any amounts required to be paid hereunder, shall be addressed
and sent as follows:

 

    	Page 12 of 30

    	 

    

 

If
to Landlord:

 

	Notices
    and Correspondence	 	Rent,
    Payments, Etc.
	Windham
    Management Company	 	Saul
    Holdings Limited Partnership
	Attention:
    Legal Department	 	PO
    Box 64288
	7501
    Wisconsin Avenue, Suite 1500E	 	Baltimore,
    Maryland (MD) 21264-4288
	Bethesda,
    Maryland (MD) 20814	 	 
	Main
    Phone: (301) 986-6000	 	 

 

If
to Tenant:

 

	Before
    the Rent Commencement Date:	 	After
    the Rent Commencement Date:
	Teletronics International, Inc.	 	Teletronics International. Inc. 
	Attention:	Helen
    Xia	 	Attention:	Helen
    Xia
	2 Choke Cherry Road, Suite 100	 	220 Perry Parkway, Suite 5
	Rockville, Maryland 20850	 	Gaithersburg, Maryland 20877
	Phone: (301) 309-8500	 	Phone:	(240)-888-3032

 

Either
party may designate a substitute address, from time to time, by notice in writing sent in accordance with the provisions of this
Article 33.

 

34.
APPLICABLE LAW. This Lease shall be construed under the laws of the State in which the Premises is located.

 

35.
NO RESERVATION. The submission of this Lease for examination does not constitute a reservation of or notion for the Premises
and this Lease becomes effective only upon execution and delivery thereof by Landlord Niether party shall have any legal obligation
to the other in the event that the Lease contemplated herein is not consummated for any reason Discussions between the parties
respecting the proposed Lease described herein, shall not serve as a basis for a claim against either party or any officer, director
or agent of either party.

 

36.
PARTIES- ASSIGNS AND SUCCESSORS. Feminine or neuter pronouns may be substituted for those of the masculine form, and the plural
may be substituted for the singular number, in any place or places herein in which the context may require such substitution or
substitutions. The term “Landlord’ as used in this Lease, means on by the owner for the time being of the Landlord’s
interest in this Lease; and, in the event of the sale, assignment or transfer by such owner of the Landlord’s interest in
this Lease, such owner shall thereupon be released and discharged of all covenants and obligations of Landlord hereunder thereafter
accruing. Except as provided in the preceding sentence all of the covenants agreements, terms, conditions, provisions and undertakings
in this Lease shall inure to the benefit of, and shall extend and be binding upon, the parties hereto and their respective heirs,
executors, legal representatives, successors and assigns, to the same extent as if they were in every case expressed. If two or
more individuals, corporations, partnerships or other business associations (or any combination of two or more thereof) shall
sign this Lease as Tenant, the liability of each such individual, corporation, partnership or or her business association to pay
rent and perform all other obligations hereunder shall be deemed to be joint and several and any notice required or permitted
by the terms of this Lease may be given by or to any one thereof, and shall have the same force and effect as if given by or to
all thereof. In like manner, if the Tenant named in this Lease shall be a partnership or other business association, the members
of which are, by virtue or statute or general law, subject to personal liability, the liability of each such member shall be joint
and several, Nothing in this Lease shall be deemed to create any right in any person or entity not a party hereto, no such person
or entity shall be deemed a third party beneficiary under this Lease and no such person or entity shall have the right, by virtue
of this Lease, to enforce such rights or to enjoin any actual or threatened violation of such rights by either party to this Lease.

 

37.
SEVERABILITY. If any term, covenant or condition of this Lease or the application thereof to any person or circumstance shall
to any extent be held invalid or unenforceable, the remainder of this Lease or the application of such term, covenant or condition
to persons or circumstances other than those as to which it is held or unenforceable, shall not be affected thereby and each term,
covenant and condition of this Lease shall be valid and enforced to the fullest extent permitted by law.

 

38.
RENT TAX. If applicable in the jurisdiction where the Premises are situated, Tenant shall pay and be liable for all rental
sales and use taxes or other similar taxes, if any, levied or imposed by any City, State, County or other governmental body having
authority, such payments to be in addition to all other payments required to be paid to Landlord by Tenant under the terms of
this Lease. Any such payments shall be paid concurrently with the payment of the rent upon which the tax is based as set forth
above.

 

39.
ACTS OF GOD. Landlord shall not be required to perform any covenant or obligation in this Lease, or be liable in damages to
Tenant, so long as the performance or non-performance of the covenant or obligation is delayed, caused by or prevented by an act
of God or force majeure.

 

40.
LANDLORD’S LIABILITY. Tenant agrees that Landlord shall have no personal liability with respect to any of the provisions
of this Lease and Tenant shall look solely to the estate and property of Landlord in the land and buildings comprising the Property
of which the Premises form a part for the satisfaction of Tenant’s remedies, including without limitation, the collection
of any judgment or the enforcement of any other judicial process requiring the payment or expenditure of money by Landlord, subject,
however, to the prior rights of any holder of any Mortgage covering all or part of the Property, and no other assets of Landlord
shall be subject to levy, execution or other judicial process for the satisfaction of Tenant’s claim and, in the event Tenant
obtains a judgment against Landlord, the judgment docket shall be so noted. This Section shall inure to the benefit of Landlord’s
successors and assigns and their respective principals.

 

    	Page 13 of 30

    	 

    

 

41.
REMEDIES CUMULATIVE; NO WAIVER. All rights and remedies given herein and/or by law or in equity to Landlord are separate,
distinct and cumulative, and no one of them, whether exercised by Landlord or not shall be deemed to be in exclusion of any of
the others. No failure of Landlord to exercise any power given Landlord hereunder or to insist upon strict compliance by Tenant
with his obligations hereunder, and no custom or practice of the parties at variance with the terms hereof shall constitute a
waiver of Landlord’s right to demand exact compliance with the terms hereof.

 

42.
MODIFICATION. This writing is intended by the parties as the final expression of their agreement and as a complete and exclusive
statement of the terms thereof, all negotiations, considerations and representations between the parties having been incorporated
herein No course of prior dealings between the parties or their affiliates shall be relevant or admissible to supplement, explain
or vary any of the terms of this Lease. Acceptance of, or acquiescence in a course of performance rendered under this or any prior
agreement between the parties or their affiliates shall not be relevant or admissible to determine the meaning of any of the terms
of his Lease. No representations, understandings or agreements have been made or relied upon in the making of this Lease other
than those specifically set forth herein. This Lease can only be modified by a written agreement signed by all of the parties
hereto or their duly authorized agents.

 

If
drafts of this Lease or other communications between the parties were sent by email or other electronic methods then the following
additional provisions shall also apply: (i) any typewritten signature included with any e-mail or any document attached to any
email is not an electronic signature within the meaning of Electronic Signatures in Global and National Commerce Act or any other
law of similar import, including without limitation, the Uniform Electronic Transactions Act (“UETA”), as the same
may be enacted in any State, (ii) any transmission of this Lease is not intended as an “electronic signature” to a
“record” of such transaction (as those terms are defined under UETA); instead, it is Landlord’s intention that
a record of such transaction shall be created only upon manually-affixed original signatures on an original Lease document, and
(iii) the final, definitive version of this Lease shall be created by Landlord (the “Final Draft”), and Tenant authorizes
Landlord to affix to the Final Draft the original, manually executed signature pages attached by Tenant to the executed document
submitted by Tenant to Landlord.

 

43.
WAIVERS. Landlord and Tenant each hereby waives all right to trial by jury in any claim, action proceeding or counterclaim
by either party against the other on any matters arising out of or in any way connected with this Lease, the relationship of Landlord
and Tenant and/or Tenant’s use or occupancy of the Premises Tenant hereby expressly waives (to the extent legally permissible)
for itself and all persons claiming by, through or under it, any right of redemption or right for the restoration of the operation
of this Lease under any present or future law in case Tenant shall be dispossessed for any cause, or in case Landlord shall obtain
possession of the Premises as provided in this Lease. Tenant understands that the Premises are leased exclusively for business,
commercial and mercantile purposes and therefore shall not be redeemable under any provision of law.

 

44.
INTERPRETATION. Captions and headings are for convenience and reference only. Whenever in this Lease any printed portion, or
any part thereof, has been stricken out, whether or not any replacement provision has been added this Lease shall be read and
construed as if the material so stricken out were never included herein, and no implication shall be drawn from the text of the
material so stricken out which would be inconsistent in any way with the construction or interpretation which would be appropriate
if such material had never been contained herein. The Exhibits referred to in this Lease and attached hereto are a substantive
part of this Lease and are incorporated herein by reference. In any legal proceeding respecting this Lease, this Lease will be
construed with equal weight for the rights of both parties, the terms hereof having been determined by free and fair negotiation,
with due consideration for the rights and requirements of both parties. Both parties agree that they have had equal input into
the wording and phraseology of the provisions of this Lease, and that, therefore, no provision will be construed as drafted by
one party or the other without respect to whose draft of this Lease the wording or phraseology arises. If any of the typewritten
portions of this Lease conflict with any of the printed provisions of this Lease, the provisions set forth in the typewritten
portions shall control; provided, however, that to the extent the printed portions of this Lease may be read in a manner which
will not conflict with the provisions of the typewritten portions, then such interpretation shall be deemed to be the correct
interpretation of the provisions of this Lease.

 

45.
FINANCIAL STATEMENTS. Tenant, upon Lease execution, and thereafter upon written request by Landlord, will provide Landlord
with a copy of its current financial statements consisting of a balance sheet, an earnings statement statement of changes in financial
position, statement of changes in Tenant’s equity, and related footnotes, prepared in accordance with generally accepted
accounting principles. Such financial statements must be either certified by a CPA or sworn to as to their accuracy by Tenant’s
most senior official and its chief financial officer. The financial statements provided must be as of a date not more than twelve
(12) months prior to the date of request. Landlord shall retain such statements in confidence, but may provide copies to lenders
and potential lenders.

 

46.
NO RECORDING OF LEASE. Tenant shall not record this Lease without first obtaining the prior written consent of Landlord, which
Landlord may withhold in its sole and absolute discretion. If Landlord consents to the recording of this Lease or a memorandum
of this Lease, Tenant shall, at Tenant’s sole cost and expense, record a termination of such recorded document among the
land records of the jurisdiction in which the Premises is located within thirty (30) days after the expiration or termination
of this Lease.

 

    	Page 14 of 30

    	 

    

 

47.
ENTITY TENANTS. If Tenant is a corporation, partnership or limited liability company, the persons executing this Lease on
behalf of Tenant hereby covenant and warrant that: Tenant is duly constituted as such entity and is qualified to do business in
the state where the Premises are located; all Tenant’s franchise and corporate taxes have been paid to date- all future
forms, reports, fees and other documents necessary for Tenant to comply with applicable laws will be filed by Tenant when due;
and such persons are duly authorized by the board of directors, partnership agreement or other applicable authority of such entity
to execute and deliver this Lease on behalf of the Tenant. Attached hereto and made a part hereof is (a) a certificate of good
standing, dated within sixty (60) days prior to the Lease Date issued by the jurisdiction in which Tenant is organized, and (b)
one or more of the following confirming the authorization and due execution of this Lease by Tenant: (i) a certificate of Tenant’s
Secretary if Tenant is a corporation’ or (ii) a consent of the general partners if Tenant is a partnership, or (iii) a certified
copy of the Articles of Organization, operating agreement or other evidence satisfactory to Landlord evidencing the authority
of the members of a limited liability company executing this Lease on behalf thereof. If Tenant fails to deliver to Landlord any
of the items described in Clauses (a) or (b) above on or before the date submits this Lease to Landlord for execution,
then Landlord may at its option, elect (to the extent such documents or information is available from governmental or other sources)
to obtain any such items which Tenant has failed to deliver, in which event Tenant shall reimburse Landlord for all costs and
expenses incurred in obtaining such items plus an additional processing fee of three times the Landlord’s actual cost of
obtaining such items to compensate Landlord for the administrative work in performing Tenant’s obligations under this Article
47.

 

48.
SURVIVAL. Notwithstanding anything to the contrary contained in this Lease, the expiration of the Term of this Lease, whether
by lapse of time or otherwise, shall not relieve Tenant from Tenant’s obligations accruing prior to the expiration of the
Term.

 

49.
LANDLORD’S RIGHTS. In addition to Landlord’s rights of self-help set forth elsewhere in this Lease or as provided
by law or by equity, if Tenant at any time fails to perform any of its obligations under this Lease in a manner satisfactory to
Landlord Landlord shall have the right, but not the obligation, to perform, or cause to be performed, such obligations on behalf
and at the expense of Tenant and to take ail such action Landlord deems appropriate to perform or cause to be performed such obligations
on behalf and at the expense of Tenant and to take all such action which Landlord deems appropriate to perform such obligations.
Landlord’s costs and expenses incurred with respect to curing any default of Tenant, and any costs and expenses incurred
by Landlord as a direct or indirect result of any default of Tenant (whether or not cured by Tenant) shall, upon demand, be paid
for by Tenant as Additional Rent. In performing or causing the performance of any such obligations of Tenant, Landlord shall incur
no liability for any loss or damage that may accrue to Tenant, the Premises or Tenant’s Property by reason thereof. The
performance by Landlord of any such obligations shall not constitute a release or waiver of any of Tenants obligations under this
Lease Tenant shall reimburse Landlord upon demand for any costs or expenses, including attorney fees, incurred by Landlord in
connection with the enforcement of Tenant’s obligations hereunder or otherwise incurred by Landlord in connection with any
judicial proceedings regarding the rights and obligations of Tenant under this Lease Any and all costs or expenses incurred by
Landlord pursuant to the provisions hereof shall be considered as Additional Rent hereunder.

 

50.
SPECIAL STIPULATIONS. The terms, covenants and conditions set forth in any Articles of this Lease numbered higher than this
Article 50 (“Special Stipulations”) are intended to supplement and, in certain events, modify or vary, the
other provisions set forth in the foregoing provisions of this Lease. If any of the Special Stipulations conflict with any of
the foregoing provisions of this Lease, the provisions set forth in the Special Stipulations shall control; provided however,
that to the extent the preceding portions of this Lease may be read in a manner which will no conflict with the provisions of
the Special Stipulations, then such interpretation shall be deemed to be the correct interpretation of the provisions of this
Lease and the Special Stipulations.

 

51.
BROKER. Landlord shall pay the complete commission due in connection with this Lease to James Gregory Brown t/a Kampa/Brown
Company and CBRE, Inc. (collectively, “Broker”) pursuant to a separate written agreement between Landlord and Broker.
Except in regard to Broker, Landlord and Tenant represent to each other that they have not dealt with any broker(s) or finder(s)
concerning this Lease. Landlord and Tenant mutually agree to defend and hold each other harmless against any claims of any person
or entity involving a breach of the representation contained in this Article 51 In the event of such a claim by any person or
entity, the party against whom the claim is made or the litigation is commenced shall give reasonable notice to the other party
with opportunity to such other party to defend against any claim for which indemnity will be sought under this Article 51. The
foregoing indemnity and disclosure provisions are for the sole benefit of the parties to this Lease, and nothing contained herein
shall be deemed to make Broker a third party beneficiary of this Lease, or entitle Broker, or any other person or entity other
than Landlord and Tenant, to enforce this Lease.

 

52
OPTION TO RENEW. Tenant shall have the option to renew the Term of this Lease for one (1) additional period of five (5) years
(the “Option Term”) following the expiration of the initial Lease Term provided that this Lease is in full force and
effect, the Tenant shall be in possession and occupying the Premises, and Tenant shall not be in default in the performance or
observance of any of the terms, conditions, provisions and/or covenants of the Lease (beyond any applicable grace period granted
in the Lease for curing same). All such rights of a renewal shall be exercised by delivery to Landlord of written notice of Tenant’s
intention to renew the Term at least six (6) months but not more than twelve (12) months prior to the expiration of the then applicable
Term of this Lease. The Option Term shall be on the same terms, covenants and conditions as the original Lease except (i) as to
the number of Option Terms (if any) remaining and (ii) that Base Rent for the Option Term shall be payable during the Option Term
at the then Prevailing Market Rent (as defined below) of comparable space within the market area of the Building and parking fees
for the Option Term shall also be payable at the prevailing market rate. The prevailing market rent shall be established as follows:

 

(a)
Within fifteen (15) business days after receipt of Tenant’s notice exercising its option to extend the Term of this Lease
Landlord shall notify Tenant of Landlord’s estimate of Prevailing Market Rent. If Tenant disagrees with Landlord’s
estimate of Prevailing Market Rent, Tenant shall, within ten (10) business days after receipt of Landlord’s estimate of
Prevailing Market Rent, notify Landlord that it withdraws the decision of exercising the option, or has elected to submit the
determination of Prevailing Market Rent to Arbitration, in which event the provisions of subparagraph (b) of this Article shall
govern the selection of arbitrators and the establishment of the Prevailing Market Rent payable for the first year of the then
applicable Option Term; provided, however, that if Tenant does not elect to submit the determination of Prevailing Market Rent
to Arbitration during such ten (10) business day period, then the Landlord’s estimate of Prevailing Market Rent shall be
deemed to be agreed to by Tenant, and shall be the Base Rent payable by Tenant to Landlord during the first year of the then applicable
Option Term.

 

    	Page 15 of 30

    	 

    

 

(b)
As used herein, the term “Prevailing Market Rent” means the most probable rent (as determined pursuant to the appraisal
procedure hereinafter set forth) at which the Premises would be leased in a comparable and open market, under all conditions requisite
to a fair lease, the Landlord and Tenant each acting prudently, knowledgeably, and assuming the rent is not affected by undue
stimulus. Implicit in this definition is the consummation of a lease beginning on the commencement date of the Option Term under
conditions whereby:

 

	 	1.	Landlord
    and Tenant are typically motivated (i.e., neither party is compelled to enter into a lease and both parties are willing to
    enter into a lease).
	 	 	 
	 	2.	Both
    parties are well informed or well advised, and each acting in what it considers its own best interest.
	 	 	 
	 	3.	A
    reasonable time is allowed for exposure in the open market.
	 	 	 
	 	4.	The
    Prevailing Market Rent shall be computed as an amount equal to the then prevailing market rental rate of the Premises, as
    if vacant with the then existing improvements, and taking into account annual adjustments of Base Rent, Tenant’s obligation
    to pay Tenant’s pro-rata share of Annual Operating Expenses and all existing market factors.
	 	 	 
	 	5.	All
    of the terms, covenants and conditions of the Lease (except terms respecting the amount of Base Rent) remain in effect throughout
    the applicable Option Term.
	 	 	 
	 	6.	If
    Landlord and Tenant fail to agree upon the Prevailing Market Rent as provided in this Article, within the time periods provided
    for herein, then Landlord and Tenant each shall give notice to the other setting forth both the name and address of a licensed
    real estate appraiser (hereinafter “appraiser”) who shall be a M.A.I. Real Estate professional, not affiliated
    with Landlord or Tenant, with a minimum of ten (10) years’ experience in commercial real estate appraisal in the Gaithersburg,
    Maryland commercial market, to make the determinations hereafter required. Each appraiser shall be instructed to calculate
    the Prevailing Market Rent as provided in each of the foregoing sections which is the subject of the dispute and is in accordance
    with the criteria referenced therein. If either party shall fail to give notice of such designations within ten (10) days
    after failing to agree between themselves, then the appraisal made by the appraiser so designated shall be the Appraisal Prevailing
    Market Rent. If two appraisers have been designated, such two appraisers shall consult with each other and, within thirty
    (30) days thereafter, issue their determinations of Prevailing Market Rent in writing, and give notice thereof to each other
    and to Landlord and Tenant. If such two appraisers shall concur as to the determination of the Prevailing Market Rent and
    submit their decision in writing to Landlord and Tenant, such concurrence shall be final and binding upon Landlord and Tenant.
    If the two determinations of Prevailing Market Rent are within five percent (5%) (measured from the higher appraisal) of each
    other, the Prevailing Market Rent shall be deemed to be the average of the two appraisers’ determinations. If such two
    appraisers’ determinations do not so concur or coincide, then such two appraisers shall immediately (i) designate a
    third appraiser, (ii) prepare detailed written appraisals, and (iii) submit copies of such appraisal to Landlord, Tenant and
    such third appraiser. If the two appraisers shall fail to agree upon the designation of such third appraiser within five (5)
    days of the date on which the last determination was rendered, then either party may apply to the American Arbitration Association
    or any successor thereto having jurisdiction, for the designation of such appraiser. The third appraiser shall have qualifications
    consistent with those specified for the Landlord’s and Tenant’s appraisers in this Article. The third appraiser
    shall conduct such hearings and investigations as he may deem appropriate and shall, within twenty (20) days after the date
    of designation of the third appraiser, choose the determination of the two appraisers originally selected by the parties which
    is the nearest to the determination such third appraiser would have made acting alone and applying the standards set forth
    for establishment of Prevailing Market Rent in this Lease, and the choice of the third appraiser shall be binding upon Landlord
    and Tenant. Each party shall pay its own counsel fees and expenses, if any, in connection with any arbitration under this
    Article, including the expenses and fees of any appraiser selected by it in accordance with the provisions of this Article,
    and the parties shall share equally all other expenses and fees of any such arbitration, including the expenses of the third
    appraiser. The determination rendered in accordance with the provisions of this Article shall be final and binding in fixing
    the Prevailing Market Rent.

 

    	Page 16 of 30

    	 

    

 

53.
TENANT EARLY ENTRY INTO PREMISES. Tenant may, with Landlord’s prior written approval, which will not be unreasonably
withheld, and upon reasonable prior notice to Landlord, at Tenant’s risk and upon satisfaction of the requirements of Article
17 of this Lease, enter into the Premises to install telephone, data equipment, and erect vertical storage shelves no earlier
than fifteen (15) days prior to the date that Landlord has completed Landlord’s Work as provided in Exhibit C of
this Lease. Landlord shall provide Tenant with at least thirty (30) days prior notice of the expected date of substantial completion.
Tenant shall use best efforts to coordinate its work with work being done by Landlord and Landlord’s contractors so as to
avoid any interference with or delays to Landlord’s Work, and Landlord and Tenant agree to reasonably cooperate with each
other to stage and coordinate their respective work. If Landlord determines, in its reasonable discretion, that Tenant has delayed
or interfered with Landlord’s Work, then Landlord may require that Tenant cease any installation activity which is causing,
or which may cause, any delay or interference, and any such delay shall be considered a Tenant caused delay (“Tenant Caused
Delay”). In the event of a Tenant Caused Delay, and, if notwithstanding such Tenant Caused Delay Landlord would have been
able to complete its build-out of the Premises to permit Tenant’s occupancy of the Premises prior to August 1, 2014, the
Rent Commencement Date shall not be deferred in any manner and Tenant shall commence its payment of Base Rent on the date Tenant
would have commenced its payment of Base Rent if not for the occurrence of the Tenant Caused Delay. There shall be no charge to
Tenant for Tenant’s early access to the Premises as provided in this Article 53.

 

54.
ROOF ACCESS. Landlord hereby grants Tenant the non-exclusive right at Tenant’s sole risk and expense to access the Building’s
roof at various times during the term of the Lease for the sole purpose of performing outdoor communications testing of Tenant’s
broadband (WiFi) products by setting up a line-of-sight link through a 3-5 kilometer over the air connection between the product
and a designated stationary or mobile unit on the ground (the “Product Testing”) in the designated Testing Location
as defined in Exhibit H attached hereto and incorporated herein. Tenant shall be entitled to perform each Product Testing
event upon at least seventy-two (72) hours prior submission to Landlord and providing it fully complies with the terms of the
written notice attached hereto as Exhibit H. Any work to be performed by Tenant in the Testing Location on the Building’s
roof, including installing power and data cabling, if needed, shall be performed in accordance with plans and specifications submitted
for Landlord’s prior written approval, which approval shall not be unreasonably withheld.

 

55.
FORCE MAJEURE. If either party shall be prevented or delayed from promptly performing any non-monetary obligation or satisfying
any non-monetary condition under this Lease by strike, lockout, labor dispute, inability to obtain labor or materials or reasonable
substitutes therefore, act of God, governmental restriction, regulation or control, enemy or hostile governmental action, civil
commotion, insurrection, sabotage, fire or other casualty, or any other condition beyond the reasonable control of such party,
then the time to perform such obligation or satisfy such condition shall be extended by an amount of time equal to the delay caused
by such event. Notwithstanding the foregoing, lack of funds or causes resulting from lack of funds shall not be deemed to be a
cause beyond the control of Tenant, and the provisions of this Article shall not operate to excuse Tenant from the prompt payment
of any monies required by this Lease.

 

56.
HVAC AND UTILITIES CONDITION. Landlord represents that, to the best of Landlord’s knowledge, the existing (i) plumbing,
(ii) electrical wiring, and (iii) heating, ventilation, and air conditioning unit(s) serving the Premises are in working order
as of the Lease Date.

 

57.
TENANT’S PERMITTED LICENSEES. Landlord hereby grants to Tenant named herein the right to post the following business
names of Tenant’s affiliates on the glass door(or adjacent glass panel) in accordance with Article 20:(I) Teletronics (Beijing)
Science & Technology, Co. and (ii) Zejiang Xun Yun Tian Corporation (collectively, the “Affiliates”) Consent by
Landlord to the foregoing right shall not constitute a waiver of the requirement for Tenant to obtain consent to post or replace
any other business affiliates of Tenant. Landlord’s consent to the foregoing right shall not create any rights in the above
named Affiliates against Landlord or any privity between Landlord and the said Affiliates. Tenant represents and warrants to Landlord
that, except for occasional and temporary visits by such Affiliate’s personnel, no employees or agents of the Affiliates
shall occupy or use the Premises or any part thereof for any purpose other than the posting of their respective names for receipt
and transmission of mail and packages without the prior written consent of Landlord In accordance with Article 19 of this Lease.
Tenant hereby agrees to indemnify, defend (with counsel acceptable to Landlord), protect and hold Landlord harmless from and against
any and all losses, liability, damages, claims, costs and/or expenses arising from or related to the Affiliates’ use of
the Premises and right to post their business names on the Premises glass door and receive and transmit mail and packages to and
from the Premises as set forth in this Article 57.

 

[SIGNATURES
APPEAR ON FOLLOWING PAGE]

 

    	Page 17 of 30

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Lease under seal on the day and year first above written.

 

	ATTEST/WITNESS	 	LANDLORD:	Saul Holdings Limited Partnership
	 	 	 	By:	Saul
    Centers, Inc., General Partner

 

	/s/
    Amy E. Spencer	 	By:	/s/
    J. Page Lansdale
	Amy E. Spencer	 	Printed Name:	J. Page Lansdale
	Assistant Secretary	 	Title:	Executive Vice
    President - Real Estate
	 	 	 	 
	ATTEST/WITNESS	 	TENANT:	Teletronics
    International, Inc.
	 	 	 	 
	/s/
    Isabelle Huang	 	By:	/s/ Dickson Fang
	 	 	Printed Name:	Dickson Fang
	 	 	Title:	President/CEO
	 	 	Tenant’s Tax Identification Number:
	 	 	 	52-146-3621

 

    	Page 18 of 30

    	 

    

 

SECRETARY’S
CERTIFICATE

 

I
Isabelle Huang, Secretary of Teletronics International, Inc., a Delaware corporation (“Corporation”), do hereby
certify (i) that the foregoing and annexed Lease was executed and delivered pursuant to. and in strict conformity with the provisions
of resolutions of the Board of Directors of said corporation validly adopted at a regularly called meeting of said Board of Directors,
and that a quorum was present at said meeting (or validly adopted by unanimous written consent of said Board of Directors in lieu
of a meeting), in conformity with the laws of the state of incorporation of said Corporation: and (ii) that the following is a
true, correct and complete reproduction of said resolution:

 

RESOLVED:
That Dickson Fang, President of the Corporation shall be and is hereby authorized and empowered for and on behalf of the
Corporation to execute acknowledge and deliver the foregoing and annexed Lease by and between Saul Holdings Limited Partnership
as Landlord, and Teletronics international, Inc., as Tenant, for those certain Premises located in Avenei Business Park Phase
VI, as well as any and all related documents, in order to expeditiously provide for the leasing of sucn Premises and in so doing,
to make any and ail changes therein or modifications thereof as he. in his sole discretion, acting for and on behalf of the Corporations,
shall deem necessary or advisable, and all of the officers of the Corporation are hereby authorized, directed and empowered to
do any and all acts or things as shall be necessary or advisable in order to effectuate the foregoing resolution.

 

	 	By	/s/
    Isabelle Huang
	 	 	Secretary
	 	 	 
	(Corporate
    Seal)	Date:	April 15, 2014

 

    	Page 19 of 30

    	 

    

 

EXHIBIT
A

 

PREMISES

 

 

    	Page 20 of 30

    	 

    

 

EXHIBIT
B

 

RULES
& REGULATIONS

 

1.
No advertisement, or other notice, shall be inscribed, painted or affixed on any part of the outside or inside of said Building,
except of such order, size and style, and at such places as shall be designated by Landlord All signs will be supplied for tenants
by Landlord, the cost of the signs to be charged to and paid for tenants.

 

2.
The sidewalks and entry passages shall not be obstructed by tenants, or used by them for any purpose other than for ingress and
egress. The floors, and skylights and windows that reflect or admit light into any place in said Building, shall not be covered
or obstructed by tenants. The water closets and other water apparatus, shall not be used for any other purpose than those for
which they were constructed and no sweepings, rubbish, or other obstructing substances shall be thrown therein. Any damage resulting
to them, or to associated systems, from misuse, shall be repaired by tenant who, or whose clerks, agents, invitees, or servants
shall cause it.

 

3.
No tenant shall do or permit to be done in said Premises, or bring or keep anything therein, which shall in any way obstruct or
interfere with the rights of other tenants or in any way injure or annoy them. Tenants, their clerks and servants, shall maintain
order in the Building, shall not make or permit any improper noise in the Building or interfere in any way with other tenants
or those having business with them. Nothing shall be thrown by Tenants, their clerks or servants, out of the windows, doors or
skylights of the Building. No rooms shall be occupied or used as sleeping or lodging apartments at any time. No part of the Building
shall be used or in any way appropriated for gambling, immoral or other unlawful practices, and no intoxicating liquor or liquors
shall be sold in said Building .

 

4.
It is understood and agreed that the Landlord shall not be responsible to any tenant for any loss of property from rented premises,
however occurring, except to the extent otherwise set forth in the Lease.

 

5.
No animals shall be allowed in the office, halls, corridors, or elsewhere in the Building.

 

6.
All tenants and occupants shall observe strict care not to leave their doors open when it rains or snows, and for any fault or
carelessness in this respect shall make good any injury sustained by other tenants, and to Landlord for damage to paint, plastering
or other parts of the Building, resulting from such default or carelessness. No alterations shall be made to any part of the Building
by putting up or changing any partitions, doors or windows, nor shall there be any connection made to the electric wires or electric
fixtures, or plumbing lines nor shall there be any penetrations through the walls, floor or roof without the consent in writing
on each occasion of Landlord or its Agent. All glass, locks and trimmings in or upon the doors and windows of the Building shall
be kept whole and, when any part thereof shall be broken, the same shall be immediately replaced or repaired and put in order
under the direction and to the satisfaction of Landlord, or its Agent, and shall be left whole and in good repair. Tenant shall
not injure, overload or deface the Building, the woodwork or the walls of the Premises, nor carry on upon the Premises any noisesome,
noxious, noisy, or offensive business.

 

7.
Not more than two keys for each office will be furnished without charge; the charge for additional keys shall be Five Dollars
($5.00) each. No additional locks or latches shall be put upon any door without written consent of Landlord. Tenants, at termination
of their lease of the premises, shall return to Landlord, ail keys to doors in the Building.

 

8.
Landlord in all cases retains the power to prescribe the weight and position of iron safes or other heavy articles.

 

9.
The tenant shall not (without the Landlord’s prior written consent) install or operate any electric heating device, steam
engine, boiler, machinery or stove upon the Premises (other than microwave ovens), or carry on any mechanical business thereon,
or do any cooking thereon, or use or allow to be used upon the Demised Premises oil, burning fluids, camphene, gasoline or kerosene
for heating, warming or lighting. No article deemed extra hazardous on account of fire and no explosives shall be brought into
said Premises. No offensive gases or liquids will be permitted.

 

10.
If tenants desire blinds or window covering, other than those provided by Landlord, if any, they must be of such shape, color
and material as may be prescribed by Landlord, and shall be erected with Landlord’s prior consent and at the expense of
said tenants. No awnings shall be placed on said Building.

 

11.
Landlord reserves all vending rights. Request for such service will be made to Landlord.

 

12.
Except for the storage of trash or rubbish in dumpsters provided by Landlord, Tenant shall not permit storage of any kind outside
of the Premises.

 

13.
Tenants and occupants shall observe and obey all parking and traffic regulations as imposed by Landlord on the Property. Landlord
in all cases retains the power to designate “No Parking” zones, traffic right of ways, and general parking area procedures.

 

14.
Tenant shall instruct all delivery companies that any vehicles making deliveries to the Demised Premises shall use the truck access
road provided for such use and park only in designated loading areas.

 

15.
Unless otherwise agreed upon, in writing, Landlord will arrange and contract for all heating, ventilating and air conditioning
maintenance and repairs.

 

    	Page 21 of 30

    	 

    

 

16.
Unless otherwise approved by Landlord, in writing, neither Tenant, nor Tenant’s agents, invitees, or contractors shall be
permitted access to the roof of the Building.

 

17.
The Landlord reserves the right to make such other rules and regulations as in its judgment may from time to time be needed for
the safety, care and cleanliness of the Premises, and for the preservation of order therein.

 

18.
Violation of these rules, or any amendments thereof or additions thereto, shall constitute a default under the Lease, unless timely
cured in accordance with the provisions thereof.

 

In
the event of any conflict between the provisions of these Rules and Regulations and the provisions of the Lease to which these
Rules and Regulations are attached, the provisions of the Lease shall control.

 

    	Page 22 of 30

    	 

    

 

EXHIBIT
C

 

LANDLORD’S
WORK

 

PAGE
ONE OF THREE

 

 

    	Page 23 of 30

    	 

    

 

EXHIBIT
C

 

LANDLORD’S WORK

 

PAGE
TWO OF THREE

 

6200
MILLWORK:

 

	●	Millwork
    Reception Area:

6’
x 8’ +/- ‘L’ Shape P-Lam. Reception Desk w/ Supports & File

9’ x 4’ x 12” +/- P-Lam. Transaction
Countertop

 

COPY
I FAX:

 

	●	8’
    +/- P-Lam. Countertop & Base Cabinets

 

BREAK
ROOM:

 

	●	7’
    +/- P-Lam. Countertop w/ Sink Cut Out
	●	7’+/-P-Lam.
    Base & Wall Cabinets

 

RESTROOMS:

 

	●	(2)
    3’-6” P-Lam. Countertop w/ Sink Cut Out 

 

08100
DOORS. FRAMES & HARDWARE:

 

	●	Hollow
    Metal Frames and paint grade doors
	●	Reuse
    existing doors.
	●	Medium
duty cylindrical locksets
	●	21tot. borrow lite frames 40”x40”

 

09500
ACOUSTICAL CEILINGS:

 

	●	Reuse
    exiting ceiling grid and acoustical tile, with approximate 15% replacement of tile 

 

09600
FLOOR COVERING:

 

	●	Carpet:
    Patcraft, PDQ1 installed throughout in office areas.
	●	Vinyl
    Composition Tile: Mannington, Essentials installed at Men’s, Women’s, Break Room, Server, Janitorial, Electrical,
    & Warehouse
	●	Vinyl
    Base: Johnsonite, 4” vinyl cove installed throughout

 

09900
PAINTING:

 

	●	Paint
    drywall all partitions
	●	Paint
    all warehouse and production area walls
	●	Paint
    grade doors & frames
	●	Sherwin
    Williams quality paints

 

11160
LOADING DOCK EQUIPMENT:

 

	●	Provide
    a lift to allow deliveries from a 48” truck tail gate to the existing receiving dock. The installation of this lift
    is an allowance of 519,500 that include all work for a functional lift, to include but is not limited to electrical and structural
    work. Any costs above $19,500 shall be at Tenant’s cost and reimbursed by Tenant to Landlord within 30 days of installation.

 

15300
FIRE PROTECTION:

 

	●	Add
    and relocate sprinkler heads to accommodate the per Landlord’s plans.

 

    	Page 24 of 30

    	 

    

 

EXHIBIT
C

 

LANDLORD’S
WORK

 

PAGE
THREE OF THREE

 

15500
HVAC:

 

	●	Remove
    existing ductwork, flex duct and air devices serving the abandoned rooftop unit Cap ductwork below roof Remove existing zone
    dampers ductwork, controls and wiring
	 	 
	●	Modify
    existing ductwork and provide new ductwork on the three (3) rooftop units being reused complete with required sealer, insulation
    and volume dampers.
	 	 
	●	Relocate
    and provide new supply and return air devices complete with required round pipe and insulated flex duct. New air devices shall
    match existing.
	 	 
	●	Provide
    two (2) ceiling exhaust fans complete with ductwork vented to exterior of building.
	 	 
	●	Provide
    one (1) ceiling exhaust fan with thermostat control to handle the Server Closet. Fan shall discharge above ceiling.
	 	 
	●	Relocate
    one (1) ceiling mounted electric heater
	 	 
	●	Provide
    tenant space HVAC controls as follows
	 	 
	●	Office
    Area: New programmable thermostat with four (4) averaging sensors Production Area New programmable thermostat
	 	 
	●	Warehouse.
    New programmable thermostat
	 	 
	●	Three
    (3) existing rooftop units including changing filters shall be in good working order
	 	 
	●	Provide
    certified testing and balancing per Landlord’s plans
	 	 
	●	Provide
    exhaust systems as shown in Image 1 with a single roof top exhaust fan and switch. Roof top fan not to exceed 500 cubic feet
    per minute,

 

16000
ELECTRICAL:

 

	●	Relocate
    existing 18 cell parabolic lights throughout
	 	 
	●	Supply
    and Install Receptacles. Switches, Boxes. Conduits, Motion Sensors, and Cables for lighting
	 	 
	●	Supply
    and Install tow voltage conduit
	 	 
	●	Connection
    of HVAC equipment
	 	 
	●	Designated
    Power
	 	 
	●	110v/30A
    x 1;
	 	 
	●	110v/15A
    x 10, (some need to be handover though the ceiling)
	 	 
	●	220v/15A(4
    wires) x 1
	 	 
	●	Kitchen;
    refrigerator; 2xmicrowave, 1 coffee maker; 1 toaster and 1 small oven
	 	 
	●	All
    telephone and data cabling to each room. (Beford Jacket/Ontlet wiring by Teletronics).
	 	 
	●	Each
    office shall receive two (2) duplex outlets and one ring and string for tenant to use for low voltage wiring
	 	 
	●	Additional
    electrical as per plan dated 4-4-14

 

 

    	Page 25 of 30

    	 

    

 

EXHIBIT
D

 

COMMENCEMENT
& ESTOPPEL AGREEMENT

 

THIS
COMMENCEMENT AND ESTOPPEL AGREEMENT is made and entered into this ______________ day of ____________________________, 20___________
, by and between Teletronics International, Inc., a Delaware corporation (“Tenant”) and Saul Holdings Limited Partnership,
a Maryland limited partnership (“Landlord”).

 

WHEREAS,
Landlord and Tenant have heretofore entered into that certain Lease Agreement dated ____________________________ (the
“Lease”), for approximately eight thousand (8,000) gross rentable square feet of space known as Suite 5 in Phase
VI of the Avenel Business Park located at 220 Perry Parkway, Gaithersburg, Maryland 20877.

 

WHEREAS,
Article 2 of the Lease provides for the execution of a commencement agreement specifying the commencement date of the Term of
the Lease;

 

NOW,
THEREFORE, in consideration of the Premises, and for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, each party hereby warrants and represents to the other as follows:

 

1.
That Tenant is in full and complete possession of the Premises, such possession having been delivered by the Landlord and having
been accepted by the undersigned.

 

2.
That the Landlord’s improvements, if any, and the space required to be furnished by the terms of the Lease have been completed
in all respects and are open for the use of the Tenant, its customers, employees and invitees.

 

3.
That all duties of an inducement nature required of the Landlord in said Lease have been fulfilled.

 

4.
That said Lease is in full force and effect; that there is no existing default on the part of the Landlord in the terms thereof;
and that, except as hereinafter set forth, said Lease has not been amended, modified, supplemented or superseded: N/A [insert
“N/A” if not applicable],

 

5.
That no rents have been prepaid except as provided by said Lease; that Tenant does not now have or hold any claim against Landlord
which might be set off or credited against future accruing rent.

 

6.
That Tenant has received no notice of a prior sale, transfer, assignment, hypothecation or pledge of the said Lease or of the
rents secured therein, except to Landlord.

 

7.
That the Rent Commencement Date for the Lease is ________________  and the Lease shall expire at midnight on ________________.

 

8.
Any agreement, obligation, or liability made, entered into or incurred by or on behalf of Landlord binds only its property, and
no shareholder, trustee, officer, or agent of the Landlord assumes or shall be held to any liability therefor

 

IN
WITNESS WHEREOF, the parties hereto do hereby execute this Agreement under seal on the day and year first above written.

 

	WITNESS/ATTEST:	 	TENANT:	Teletronics
    International, Inc.
	 	 	 	 
	 	 	By:	 
	 	 	Printed Name: 	 
	 	 	Title:
    	 
	 	 	 	 
	ATTEST:	 	LANDLORD:	Saul Holdings
    Limited Partnership
	 	 	 	By: Saul Centers,
    Inc., General Partner
	 	 	 	 
	 	 	By:	 
	 	 	Printed Name:	Scott V. Schneider
	 	 	Title:	Senior Vice President

 

    	Page 26 of 30

    	 

    

 

EXHIBIT E

 

LIST OF TENANT’S
SHAREHOLDERS, PARTNERS, OR MEMBERS

OF A LIMITED LIABILITY
COMPANY AND PERCENTAGE OF OWNERSHIP

 

Record
of Corporate Stockholders Outstanding

‘As December 31. 2013

 

	Name	 	Shares
    Owned	 	 	Percentage
    Ownership	 
	 	 	 	 	 	 	 
	Fang
    Family Trust	 	 	5,500,940	 	 	 	31.26	%
	Super
    Net Holding	 	 	786,700	 	 	 	4.47	%
	Hon
    Jane Chiu	 	 	416,700	 	 	 	2.37	%
	York
    Chen (CMC) *	 	 	288,800	 	 	 	1.64	%
	Hong
    Ho Precision	 	 	393,700	 	 	 	2.24	%
	Chi
    San Fang	 	 	1,375,000	 	 	 	7.81	%
	Han
    Chien Hsu	 	 	183,500	 	 	 	1.04	%
	Liang-Shien
    Fan	 	 	55,500	 	 	 	0.32	%
	Collins
    Co. Ltd.	 	 	740,600	 	 	 	4.21	%
	Liu
    Chain-Yang *	 	 	37,000	 	 	 	0.21	%
	Chen
    Li-Lin	 	 	410,400	 	 	 	2.33	%
	Thomas
    Liaw	 	 	37,000	 	 	 	0.21	%
	Lee
    Family Trust	 	 	67,988	 	 	 	0.39	%
	Spencer
    Kao	 	 	150,000	 	 	 	0.85	%
	Shih-Tung
    Ho *	 	 	74,000	 	 	 	0.42	%
	Hsieh
    Chin Ho	 	 	148,100	 	 	 	0.84	%
	Lin
    Jui Ming	 	 	123,400	 	 	 	0.70	%
	Wang
    Yen Shaw Mel	 	 	123,600	 	 	 	0.70	%
	Chang
    Hui-Fen	 	 	1,300,000	 	 	 	7.39	%
	Andrew
    Kou	 	 	1,328,220	 	 	 	7.55	%
	Eric
    Chen	 	 	111,000	 	 	 	0.63	%
	Global
    Business (Accton)	 	 	285,700	 	 	 	1.62	%
	One
    Pacific Ltd *	 	 	200,000	 	 	 	1.14	%
	Huang
    Chen Li-Chun	 	 	94,000	 	 	 	0.53	%
	Chiu
    Chen Te *	 	 	30,000	 	 	 	0.17	%
	Li
    Ying Tao	 	 	285,714	 	 	 	1.62	%
	Chenco	 	 	1,167,500	 	 	 	6.64	%
	Saga
    Land port Capital Inc.	 	 	250,000	 	 	 	1.42	%
	Mou-Fu
    invest. Consult.	 	 	224,000	 	 	 	1.27	%
	China
    TCC Equity Fund	 	 	176,000	 	 	 	1.00	%
	Del
    Corral and Renjifo *	 	 	250,000	 	 	 	1.42	%
	Clarance
    Teng	 	 	75,0000	 	 	 	0.43	%
	Swan
    Chen	 	 	30,000	 	 	 	0.17	%
	Helen
    Xia	 	 	25,000	 	 	 	0.14	%
	HK
    Haohai Group	 	 	850,000	 	 	 	4.83	%
	 	 	 	 	 	 	 	 	 
	TOTAL
    OUTSTANDING	 	 	17,595,062	 	 	 	100.00	%
	 	 	 	 	 	 	 	 	 
	Authorized
    Total	 	 	100,000,000	 	 	 	 	 
	Unissued
    stocks	 	 	82,404,938	 	 	 	 	 

 

    	Page 27 of 30

    	 

    

 

exhibit
f

 

landlord’s
fee schedule

 

	Landlord
    Waiver:	$1,000.00
	 	 
	Non-Disturbance:	$1,000.00
	 	 
	Other
    Documents:	$1,000.00
	 	 
	Assignment/Sublease:	$1,000.00
	 	 
	Licenses/Permits:	$250.00 (if provided
    to Landlord more than 10 days before due); $500.00 (if provided to Landlord less than 10 days before due)

 

The
above fee schedule is based on using Landlord’s approved form. Any agreement not on Landlord’s approved form shall
be subject to a higher fee.

 

    	Page 28 of 30

    	 

    

 

EXHIBIT
G

 

INTENTIONALLY
left blank

 

    	Page 29 of 30

    	 

    

 

EXHIBIT
H

 

form
of roof access notice

 

(To be completed
by Tenant and submitted to Landlord at least 12 hours prior to each roof access request)

 

Tenant’s
access to and on the Building’s roof is at Tenant’s sole risk and expense and is for the sole purpose of performing
the Product Testing as set forth in Article 54 of the lease. Access to and on the Building’s roof by Tenant is strictly
“as is” and Tenant assumes all risk with respect to entry and access onto the Building’s roof. In accessing
and entering onto the Building’s roof, Tenant shall for its self and on behalf of its officers, employees, agents, and contractors
comply with all of the provisions of this notice.

 

1.
ACCESS PERIOD. Tenant shall access the Building roof at______ am/pm on___________ 20__ and shall exit the Building’s
roof at________ am/pm on  ________ , 20__. Tenant shall notify Landlord of any change in access periods
due to weather conditions or change in the testing schedule.

 

2.
TESTING LOCATION. Land lord and Tenant shall identify a suitable location on the Building roof from which Tenant shall perform
all Product Testing which shall comprise an area of no more than ten (10) square feet (the “Testing Location”). LANDLORD
MAKES NO REPRESENTATION OR WARRANTY WHATSOEVER, EXPRESS OR IMPLIED AS TO THE BUILDING’S ROOF OR ITS SUITABILITY OR FITNESS
OF PURPOSE WITH RESPECT TO THE PRODUCT TESTING. TENANT REPRESENTS THAT IT HAS MADE ITS OWN INDEPENDENT INVESTIGATION OF THE BUILDING’S
ROOF AND TESTING LOCATION AND DETERMINATION OF ITS FITNESS OF PURPOSE AND THAT IT HAS NOT RELIED ON ANY STATEMENT BY LANDLORD,
EXCEPT AS OTHERWISE STATED IN THE LEASE.

 

3.
USE OF PREMISES. The Testing Location shall be used by Tenant solely for performing the Product Testing, and for no other
purpose or person whatsoever. Landlord’s designated employee shall accompany Tenant at all times during the access and use
of the Building’s roof and Equipment Location by Tenant. Tenant covenants and agrees to perform all obligations on its part
to be performed hereunder, to conduct its Product Testing on the Building’s roof in a dignified manner, and to leave the
Building’s roof and Testing Location area in a clean and orderly condition. The Testing Location shall not be used for any
illegal purpose or in violation of any law or regulation of any governmental body, or in any manner to (i) create any nuisance
or trespass; (ii) annoy or embarrass Landlord or any tenant in the Property; (iii) vitiate any insurance carried by Landlord;
(iv) alter the classifications or increase the rate of any insurance on the Building or Property; or (v) allow any noise to emanate
from the Testing Location; or (vi) violate the Building’s roof warranty issued to Landlord for the Building. Tenant will
not leave or maintain any equipment, property, materials, merchandise, refuse or other articles on the Building’s roof or
Testing Location, obstruct any driveway, corridor, sidewalk, parking area, or any other common area of the Building or Property.

 

4.
LAWS AND ORDINANCES. Tenant, at its own cost, shall be responsible for obtaining any and all permits and licenses required
to perform the Product Testing on the Building’s roof. Tenant will, at its own cost, promptly comply with and carry out
all orders, requirements or conditions now or hereafter imposed upon it by the ordinances, laws and/or regulations of the federal
government, municipality, county and/or state in which the Building is located, whether required of Landlord or otherwise, in
the conduct of the Product Testing. Tenant will indemnify and save Landlord harmless from all penalties, claims and demands resulting
from Tenant’s failure or negligence to perform its obligations under this Paragraph 4, and which indemnity shall survive
the expiration or earlier termination of the Lease

 

5.
INDEMNIFICATION. Tenant shall defend, indemnify and save Landlord and Landlord’s members, partners, officers, directors,
employees and agents harmless from and against all claims, liabilities, suits, fines, penalties, damages, losses, fees, costs
and expenses, including attorney fees, which may be imposed upon, incurred by, or served against Landlord by reason of: (a) any
work or thing done by or on behalf of the Tenant, or any of its agents, contractors, subcontractors, servants, or employees in
or about the Building’s roof, the Testing Location, or any parts thereof; (b) any act or omission on the part of the Tenant,
or any of its agents, contractors, subcontractors, servants or, employees in accessing or entering onto the Building’s roof
or performing the Product Testing; (c) any occurrence, accident, injury (including death), or damage, directly or indirectly caused
or incurred by the Tenant or any of its agents, contractors, subcontractors, servants, or employees to any person or property
in, or about the Building’s roof, Testing Location or any part thereof; and/or (e) any failure of Tenant to perform its
obligations under this Agreement. This indemnity shall extend to any include the reasonable costs and expenses, including attorney
fees, incurred by Landlord in enforcing this indemnity or otherwise incurred in enforcing Tenant’s obligations under this
notice, and this indemnity shall survive the expiration or earlier termination of the Lease.

 

6.
PROPERTY AT TENANT’S RISK. It is understood and agreed that all equipment, and personal property placed in or on the
Building’s roof or Testing Location in connection with Tenant’s Product Testing, of whatever nature, whether owned
by Tenant or any other person (collectively “Personal Property”), shall be and remain at Tenant’s sole risk
and Landlord shall not assume any liability or be liable for any damage to or loss of such Personal Property, arising from any
cause whatsoever,

 

	 	TENANT:	Teletronics
    International, Inc.

 

	 	By:	 
	 	Name:	 
	 	Title:	 
	 	Date:	 

 

    	Page 30 of 30

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