SEC Contract Filing

Filing Date: 2019-08-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>f10q0619ex10-1_purple.htm
<DESCRIPTION>LEASE AGREEMENT DATED JUNE 10, 2019 BETWEEN PURPLE INNOVATION, LLC AND NORTH SLOPE ONE, LLC
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>LEASE</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">North Slope&mdash;Building
One</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">between</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NORTH SLOPE ONE, LLC</B>,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">a Utah limited liability
company,<BR>
 as Landlord,</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">and</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>PURPLE INNOVATION, LLC</B>,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">a Delaware limited liability
company,<BR>
 as Tenant</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Dated June 7, 2019</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">TABLE OF CONTENTS</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
 <TD STYLE="width: 5%; border-bottom: Black 1.5pt solid">Paragraph</TD>
 <TD STYLE="width: 2%; padding-bottom: 1.5pt">&nbsp;</TD>
 <TD STYLE="width: 86%; padding-bottom: 1.5pt">&nbsp;</TD>
 <TD STYLE="width: 2%; padding-bottom: 1.5pt">&nbsp;</TD>
 <TD STYLE="width: 5%; border-bottom: Black 1.5pt solid; text-align: center; vertical-align: bottom">Page</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
 <TD>1.</TD>
 <TD>&nbsp;</TD>
 <TD>Definitions</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: center; vertical-align: bottom">1</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
 <TD>2.</TD>
 <TD>&nbsp;</TD>
 <TD>Agreement of Lease; Work of Improvement; Certain References</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: center; vertical-align: bottom">13</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
 <TD>3.</TD>
 <TD>&nbsp;</TD>
 <TD>Term; Commencement Date; Tenant Rights</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: center; vertical-align: bottom">14</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
 <TD>4.</TD>
 <TD>&nbsp;</TD>
 <TD>Basic Monthly Rent</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: center; vertical-align: bottom">20</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
 <TD>5.</TD>
 <TD>&nbsp;</TD>
 <TD>Operating Expenses</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: center; vertical-align: bottom">20</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
 <TD>6.</TD>
 <TD>&nbsp;</TD>
 <TD>Security Deposit</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: center; vertical-align: bottom">25</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
 <TD>7.</TD>
 <TD>&nbsp;</TD>
 <TD>Use and Operation</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: center; vertical-align: bottom">25</TD></TR>
<TR STYLE="vertical-align: top; backgrou