October 31, 2024 Uses in Term Clause

Term from Office Lease Agreement

THIS OFFICE LEASE AGREEMENT (including the exhibits attached hereto, the "Lease") is made and entered into as of the _24th_ day of _March_, 2017, by and between MINNETONKA WHITEWATER LLC, a Delaware limited liability company ("Landlord") and ASPIRITY HOLDINGS LLC, a Minnesota limited liability company ("Tenant").

Term. A period of 89 full calendar months, plus the number of days in the first month of the Term if such first month does not commence on the 1st day of a calendar month. Subject to Article 3, the Term shall commence on the earlier of June 1, 2017, or the date on which Tenant first commences business in any portion of the Premises (the "Commencement Date") and, unless terminated early in accordance with this Lease, end on October 31, 2024 (the "Termination Date"). Promptly after the determination of the Commencement Date, Landlord and Tenant shall enter into a commencement agreement in the form attached as Exhibit D.

Term from Amendment to Lease Agreement

THIS FIRST AMENDMENT TO LEASE AGREEMENT (this "Amendment") is made and entered into as of May 6, 2014, by and among DAGMAR DOLBY, AS TRUSTEE OF THE DOLBY FAMILY TRUST DATED MAY 7, 1999, DAGMAR DOLBY, AS TRUSTEE OF THE RAY DOLBY 2002 TRUST A DATED APRIL 19, 2002, and DAGMAR DOLBY, AS TRUSTEE OF THE RAY DOLBY 2002 TRUST B DATED APRIL 19, 2002 (collectively, "Landlord"), and DOLBY LABORATORIES, INC., a California corporation ("Tenant").

Term. The Term is hereby extended for an additional ten (10) year and six (6) month period, commencing on May 1, 2014 (the "Extended Term Commencement Date"), and expiring on October 31, 2024 (the "Extended Expiration Date"), unless sooner terminated in accordance with the terms of the Lease. That portion of the Term commencing on the Extended Term Commencement Date and ending on the Extended Expiration Date shall be referred to herein as the "Extended Term," and unless the context clearly provides otherwise, all references in the Lease to the "Term" shall be deemed to include the Extended Term, and all references in the Lease to the "Expiration Date" shall be deemed to be the Extended Expiration Date.

Term from Amendment to Lease Agreement

THIS SECOND AMENDMENT TO LEASE AGREEMENT (this "Amendment") is made and entered into as of May 6, 2014, by and among DAGMAR DOLBY, AS TRUSTEE OF THE DOLBY FAMILY TRUST DATED MAY 7, 1999, DAGMAR DOLBY, AS TRUSTEE OF THE RAY DOLBY 2002 TRUST A DATED APRIL 19, 2002, and DAGMAR DOLBY, AS TRUSTEE OF THE RAY DOLBY 2002 TRUST B DATED APRIL 19, 2002 (collectively, "Landlord"), and DOLBY LABORATORIES, INC., a California corporation ("Tenant").

Term. The Term is hereby extended for an additional ten (10) year and six (6) month period, commencing on May 1, 2014 (the "Extended Term Commencement Date"), and expiring on October 31, 2024 (the "Extended Expiration Date"), unless sooner terminated in accordance with the terms of the Lease. That portion of the Term commencing on the Extended Term Commencement Date and ending on the Extended Expiration Date shall be referred to herein as the "Extended Term," and unless the context clearly provides otherwise, all references in the Lease to the "Term" shall be deemed to include the Extended Term, and all references in the Lease to the "Expiration Date" shall be deemed to be the Extended Expiration Date.

Term from Amendment to Lease Agreement

THIS FIRST AMENDMENT TO LEASE AGREEMENT (this "Amendment") is made and entered into as of May 6, 2014, by and among DAGMAR DOLBY, AS TRUSTEE OF THE DOLBY FAMILY TRUST DATED MAY 7, 1999, DAGMAR DOLBY, AS TRUSTEE OF THE RAY DOLBY 2002 TRUST A DATED APRIL 19, 2002, and DAGMAR DOLBY, AS TRUSTEE OF THE RAY DOLBY 2002 TRUST B DATED APRIL 19, 2002 (collectively, "Landlord"), and DOLBY LABORATORIES, INC., a California corporation ("Tenant").

Term. The Term is hereby extended for an additional ten (10) year and six (6) month period, commencing on May 1, 2014 (the "Extended Term Commencement Date"), and expiring on October 31, 2024 (the "Extended Expiration Date"), unless sooner terminated in accordance with the terms of the Lease. That portion of the Term commencing on the Extended Term Commencement Date and ending on the Extended Expiration Date shall be referred to herein as the "Extended Term," and unless the context clearly provides otherwise, all references in the Lease to the "Term" shall be deemed to include the Extended Term, and all references in the Lease to the "Expiration Date" shall be deemed to be the Extended Expiration Date.