0001019687-15-002816 Sample Contracts

CONSENT OF LANDLORD TO SUBLEASE
Office Sublease • July 20th, 2015 • Aspirity Holdings LLC • Commodity contracts brokers & dealers

This Consent of Landlord to Sublease (this "Consent") is made effective as of June 4, 2015 (the "Effective Date"), by and between BELL STATE BANK & TRUST, a North Dakota state bank ("Tenant"), and TWIN CITIES POWER HOLDINGS', LLC, a Minnesota limited liability company ("Subtenant"), and IRET-GOLDEN JACK, L.L.C., a Delaware limited liability company ("Landlord").

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Aspirity Holdings LLC (f/k/a Twin Cities Power Holdings, LLC) Renewable Unsecured Subordinated Notes Subscription Agreement
Aspirity Holdings LLC • July 20th, 2015 • Commodity contracts brokers & dealers

To purchase Renewable Unsecured Subordinated Notes, please complete both sides of this form and write a check made payable to Aspirity Holdings LLC for the total amount of all Notes. Mail this form, your check, and any other documents requested below in the enclosed postage-prepaid business reply envelope. If you use your own envelope, please mail your investment to Aspirity Holdings LLC, PO Box 4126, Hopkins MN 55343. If you have any questions, please call 888-955-3385 or email InvestorServices@AspirityNotes.com.

LEASE AGREEMENT [Golden Hills Office Center, Golden Valley, MN]
Lease Agreement • July 20th, 2015 • Aspirity Holdings LLC • Commodity contracts brokers & dealers • Delaware

This Lease is made and entered into as of the Effective Date, by and between IRET-GOLDEN JACK, L.L.C., a Delaware limited liability company, as Landlord, and BELL STATE BANK & TRUST, a North Dakota State Bank, as Tenant.

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