SEC Contract Filing

Filing Date: 2024-03-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.22
<SEQUENCE>2
<FILENAME>ea020147501ex10-22_verde.htm
<DESCRIPTION>SEVENTH AMENDMENT TO THE LEASE AGREEMENT, DATED AS OF JANUARY 10, 2024, BY AND BETWEEN HILLSBOROUGH PARK, L.L.C. AND BLUESCAPE CLEAN FUELS, LLC
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.22</B></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center"><U>Seventh AMENDMENT
TO LEASE</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIS SEVENTH AMENDMENT
TO LEASE </B>(&ldquo;the Amendment&rdquo;), made as of this ____ day of January 2024 (the &ldquo;Effective Date&rdquo;), by and between
HILLSBOROUGH PARK, L.L.C., a Delaware limited liability company, having an address at 1250 Route 28, Suite 101, Branchburg, New Jersey
08876 (hereinafter called &ldquo;Landlord&rdquo;) and BLUESCAPE CLEAN FUELS, LLC, a Delaware limited liability company, having an address
at 200 Crescent Court, Suite 1900, Dallas, Texas 75201 (hereinafter called &ldquo;Tenant&rdquo;).</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center">W I T N E S S E
T H:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS, </B>by that certain
Lease Agreement dated March 1, 2011, as amended by the First Amendment to Lease dated June 15, 2015, the Second Amendment to Lease dated
December 24, 2018, and the Third Amendment to Lease dated December ___, 2019 and Fourth Amendment to Lease dated December 29, 2020 and
Fifth Amendment dated December 20, 2021 and Sixth Amendment dated January 4, 2023(collectively the &ldquo;Amendments&rdquo;) (the Amendments
and the Lease Agreement are collectively referred to as the &ldquo;Lease&rdquo;), as such Lease was assigned to Tenant by way of that
certain Assignment and Assumption Agreement and Consent of Landlord dated August 7, 2020, Landlord leased to Tenant certain premises consisting
of approximately Thirty-Four Thousand Three Hundred Eighty-Eight (34,388) square feet located in the Hillsborough Business Center 219
Homestead Road, Building 2, Hillsborough, New Jersey 08844 (the &ldquo;Premises&rdquo;) as more particularly described in the Lease; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B> Tenant presently
occupies the Premises and the Termination Date is currently April 30, 2024; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B> Landlord and
Tenant are mutually desirous of amending the Lease to provide for an extension of the Lease Term, all in the manner hereinafter provided.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,</B> in
consideration of the sum of Ten ($10.00) Dollars and other good and valuable consideration, the receipt and sufficiency whereof are hereby
acknowledged by both parties, Landlord and Tenant do hereby covenant and agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1. All
of the recital clauses herein above set forth are hereby incorporated by reference as though set forth verbatim and at length herein.
For purposes of this Amendment, all capitalized terms shall have the meanings ascribed to them in the Lease unless otherwise defined herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2. Tenant
hereby exercises its Sixth Renewal Option to extend the Lease Term pursuant to terms set forth in Amendments, and Section 71 of the Lease,
for one (1) year commencing on May 1, 2024, and terminating on April 30, 2025, upon such terms and conditions as set forth in the Lease.
Tenant acknowledges and agrees that it is leasing the Premises during the Sixth Renewal Option Term in its &ldquo;AS IS&rdquo;, &ldquo;WHERE
IS&rdquo; condition. Tenant shall pay Base Rent during the Sixth Renewal Option Term as set forth below.</P>

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 <TD STYLE="text-align: center; width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Period</U></B></FONT></TD>
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