DocuSign Envelope ID: A506489F-6048-4BEE-907D-66C7880D1778 THIS IS A COPY

This is a copy view of the Authoritative Copy held

by the designated custodian

INVOICE

Lease # 2023-0102

Date
09/15/23
Gasco Industrial Corp.

Detail
First & Last Advance Payments
Charge
$2,151.96

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Credit Subtotal
$2,151.96
09/15/23 Documentation/UCC Fees

Y V $695.00 $695.00

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AMOUNT
ENCLOSED
Total Due

We will process the attached invoice electronically using your ACH information.
$2,846.96

C Thank You!

11433 CRONRIDGE DRIVE, SUITE F, OWINGS MILLS, MD 21117

443.796.7333  800.733.5529  FAX: 443.796.7200
www.madisoncapital.com
DocuSign Envelope ID: A506489F-6048-4BEE-907D-66C7880D1778 THIS IS A COPY
LEASED FOR BUSINESS Commercial Lease # 2023-0102
This is a copy view of the Authoritative Copy held
USE ONLY by the designated custodian
11433 CRONRIDGE DRIVE, SUITE F
OWINGS MILLS, MD 21117-2294 DATE: 09/15/2023
443.796.7333  FAX: 443.796.7200

LESSEE’S LEGAL NAME: Gasco Industrial Corp. CONTACT: Dan Bigman Montalvo
STREET ADDRESS: P.O. Box 1360
CITY: Gurabo STATE: Puerto Rico ZIP: 00778 PHONE: (787) 737-4000 EIN/SSN: 371477418
DESCRIPTION OF EQUIPMENT: Include Supplier, Manufacturer, Make, Model & Serial No., if applicable: (1) Heli CPD20SQ-GELi 3 Wheel Forklift

TERM OF LEASE RENT

LESSEE AGREES TO PAY LESSOR (TAXES, IF APPLICABLE, TO BE ADDED TO RENTS) IN 60 MONTHLY INSTALLMENTS OF $965.00_+ TAXES EACH,
60 MONTHS 10/01/23
BEGINNING ______________________AND CONTINUING THE SAME DAY (THE RENT DUE DATE) OF EACH CONSECUTIVE MONTH DURING THE
TERM HEREOF.
SECURITY ADVANCE PAYMENTS PLACE OF DELIVERY-EQUIPMENT LOCATION DATE OF DELIVERY
DEPOSIT
THE ADVANCE RENTAL PAYMENT WILL CONSIST OF THE 1ST
N/A
RENTAL PAYMENT AND THE LAST ONE (1) MONTHLY Calle A Lote 3 09/18/23
PAYMENT(S). Gurabo, PR 00778
TOTAL = $2,151.96
TERMS AND CONDITIONS OF LEASE: THIS LEASE IS SUBJECT TO THE TERMS AND CONDITIONS PRINTED BELOW AND CONTINUED ON PAGE 2
1. Lessee and Lessor. In consideration of the rental payments set forth above and the mutual covenants set forth below, Madison Funding, LLC (“Lessor”) hereby leases to Lessee, and Lessee hereby
hires and takes for the term set forth above, for Lessee’s commercial use only, the personal property described above with all additions and attachments incorporated therein or affixed thereto (the
“Equipment”). All Equipment listed in any schedules accompanying this Lease shall be deemed to be Equipment under this Lease.
2. Security Deposit. Lessee agrees to make a security deposit in the amount set forth in the Lease prior to the date of delivery, which Lessor may commingle freely with other monies in its possession.
Lessor may, in its sole discretion, use any portion of the security deposit to satisfy any of Lessee’s obligations including but not limited to, the payment of Rent, the reimbursement of any sums paid by

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Lessor which under the terms of this Lease are the obligations of Lessee, and the repair of Equipment upon expiration of the term of said Lease. Upon termination of the Lease term, after Lessor or its
agent has inspected the Equipment, Lessor will pay to the Lessee such sums as remain credited to said security deposit, without interest, after Lessee has fulfilled all of its obligations under this Lease,
including the obligation to return the Equipment in the manner specified by Paragraph 14.
3. Rent. The monthly rent for each item of Equipment shall be the amount designated above (“Rent”) for the term set forth above. Lessee agrees to pay the Rent to Lessor at the address set forth
above, or to such other person and/or such other place as Lessor may designate in writing, in the amounts and at the times set forth above, in immediately available U.S. funds. The obligation of Lessee to

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pay Rent is absolute and unconditional and shall not be subject to any abatement, reduction, set-off, defense, or counterclaim whatsoever, by reason of any past, present, or future claims which Lessee may
have against Lessor, the manufacturer of the Equipment or against any person for any reason whatsoever.
4. Acceptance. Lessor shall not be liable for specific performance or damages if, for any reason, any supplier of the Equipment delays or fails to deliver the Equipment. Lessor has no obligation to
install the Equipment. Lessee shall inspect the Equipment within forty-eight (48) hours after receipt thereof. Within seventy-two (72) hours after receipt of the Equipment, Lessee shall deliver to Lessor a
certificate of acceptance in form acceptable to Lessor or written notice of nonacceptance which specifies the reasons for nonacceptance. Lessee may refuse acceptance of the Equipment only if there is a
material defect in the Equipment’s condition. Issuance by Lessee of a certificate of acceptance shall be conclusive presumption as between Lessor and Lessee that the Equipment has been delivered,

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installed, inspected and found to be in good condition and repair, that Lessee is satisfied with and has accepted the Equipment, and for such other matters as are covered in said certificate. If Lessor does
not receive a certificate of acceptance or nonacceptance from the Lessee within seven days from physical delivery of the Equipment, Lessor shall have the option in its sole discretion to terminate this
Lease in its entirety by giving written notice to Lessee within thirty (30) days of the receipt of said Equipment and, in the event of such termination, Lessor reserves the right to hold Lessee liable for any
damages Lessor may sustain.
5. Use of Equipment. Lessee agrees to keep the Equipment in good condition and to make all necessary repairs and maintenance at no expense to Lessor. The Equipment will be used by Lessee in a

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careful manner for its intended use and in accordance with all applicable laws and regulations and will be kept at the location specified (unless it is mobile and normally used in more than one location in
the conduct of Lessee’s business) unless Lessor consents in writing to its removal. Lessor shall have the right to enter upon any premises where the Equipment is located for the purpose of inspecting and
observing its use. Lessee shall make no alterations or additions to said Equipment without prior written consent of Lessor. Any alterations or additions made to said Equipment shall, at Lessor’s option,
become the property of Lessor.
6. Taxes and Fees. Lessee will pay promptly when due all fees, taxes (sales, use, excise, personal property or other taxes or assessments incurred), interim rent, and all other charges upon or relating to

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the purchase, ownership, use, operation, leasing, installation or delivery of the Equipment. If any such fees, taxes and other charges are not paid by Lessee when due, Lessor, at its option, may make the
regular payment and bill Lessee for the same. Lessor shall be reimbursed for said expenses by Lessee within five (5) days of the mailing of a statement.
7. Ownership. Title and ownership to the Equipment shall at all times remain with Lessor, and Lessee shall have no right, title or interest therein except as expressly set forth herein. The Equipment
shall remain personal property, notwithstanding the manner in which it may be affixed to any real property, and Lessee shall obtain, at its own expense, from each landlord, owner or mortgagee or any

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person having an encumbrance or lien on the premises where the Equipment is to be located, waivers of any lien, encumbrance or interest which such person might have or hereafter obtain or claim with
respect to said Equipment. Lessee further agrees to maintain said Equipment free from all claims, liens and legal proceedings of creditors of Lessee and will defend, at its own expense, Lessor’s title to
said Equipment free from such claims, liens or legal proceedings. If Lessee does not so attempt to defend Lessor’s title to the Equipment, Lessor may engage legal counsel to defend the title. Any legal
fees arising out of said defense shall be paid by the Lessee directly or reimbursed to the Lessor within five (5) days of the mailing of a statement. Lessee shall also notify Lessor immediately upon receipt
of notice of any lien, attachment or judicial proceeding affecting said Equipment.

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8. Equipment and Selection. This Lease is not a consumer lease. This Lease is a finance lease as defined in the Uniform Commercial Code and, as such, Lessee is hereby directed to the supplier of the
Equipment for a description of any promises or warranties accompanying the Equipment. Lessee is hereby assigned during the term of this Lease any such promises and warranties made to Lessor by the
supplier of the Equipment and Lessee may communicate with the supplier of the Equipment to receive a statement of the promises and warranties made by the Supplier (including any disclaimers and
limitations thereto). THE EQUIPMENT HAS BEEN SELECTED BY LESSEE AND PURCHASED BY LESSOR AT THE REQUEST OF LESSEE, AND LESSOR IS NOT THE MANUFACTURER
OR THE MANUFACTURER’S AGENT. LESSOR MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO ANY MATTER WHATSOEVER RELATING TO THE
EQUIPMENT, INCLUDING BUT NOT LIMITED TO THE CONDITION, PERFORMANCE, DESIGN OR QUALITY THEREOF, ITS MERCHANTABILITY OR ITS FITNESS FOR ANY
PARTICULAR PURPOSE. LESSEE AGREES TO ADDRESS ALL SUCH CLAIMS DIRECTLY WITH THE MANUFACTURER OR VENDOR AND SHALL NOT SET OFF AGAINST ITS
OBLIGATIONS HEREUNDER ANY CLAIMS IN CONNECTION WITH THE EQUIPMENT AS A DEFENSE, COUNTERCLAIM, SET-OFF OR OTHERWISE. Lessor shall not be liable for any
direct, indirect, incidental or consequential damage to or loss resulting from the installation, performance, operation or use of the Equipment or any products manufactured therewith.
9. Insurance. Lessee shall provide and maintain property insurance against loss, damage, theft, or destruction of the Equipment with responsible carriers acceptable to Lessor in an amount not less than
the full replacement value thereof and naming Lessor as Loss Payee on such insurance. Lessee also shall provide and maintain public liability insurance naming Lessor as Additional Insured. All policies
covering the equipment shall provide for not less than thirty (30) days notice of cancellation to Lessor. Lessee hereby appoints Lessor, its officers, agents and attorneys, as Lessee’s attorneys-in-fact with
full authority to receive any and all proceeds payable under such policies on account of loss or damage to the Equipment. If Lessee fails to maintain such insurance, or fails to provide Lessor with evidence
of such insurance within 30 days of Lessor’s request, Lessor may, but is not obligated to, obtain insurance in such forms and amounts as Lessor deems reasonable. Lessee agrees to pay Lessor a monthly
insurance charge which shall include all related premiums, interest, fees, and profit to the Lessor and its agents for providing such coverage.
(CONTINUED ON PAGE 2)

Lessee hereby authorizes Lessor to complete this Lease with the actual Date of Delivery, Place of Delivery, Rent due date, and such further and additional information, as Lessor may deem
necessary or convenient. Lessor agrees to provide Lessee with a duplicate copy of such completed Lease.
IN WITNESS HEREOF THE LESSEE HAS HEREBY EXECUTED THIS NON CANCELABLE LEASE FOR TERM INDICATED ABOVE.
9/15/2023 9/19/2023
DATE APPROVED AND AGREED TO ________________

LESSEE: Gasco Industrial Corp. LESSOR: MADISON FUNDING, LLC.

Pres.
(SEAL)
Dan Micholas Bigman Montalvo, CEO Authorized Signor, Title
Page 2 Commercial
DocuSign LeaseID:
Envelope # 2023-0102
A506489F-6048-4BEE-907D-66C7880D1778 THIS IS A COPY
This is a copy view of the Authoritative Copy held
10. Risk of Loss. Lessee shall bear the entire risk of any loss, damage or destruction of the Equipment from any cause whatsoever, and no loss, damage, destruction or other event shall release
by the designated custodian
Lessee from its unconditional obligation to pay the full amount of the Rent or from any other obligation under this Lease. In the event of loss of or damage to the Equipment, Lessee shall promptly notify
Lessor and, in Lessor’s sole discretion, Lessee shall immediately place said item of Equipment in good repair or replace same with like Equipment in good working condition, without abatement of Rent. If
Lessor determines that the Equipment is lost or stolen, or destroyed or damaged beyond repair, Lessee shall pay Lessor the sum of the unpaid amount of all future Rent and any future charges that become
due by the terms of the Lease (plus any charges set forth in any purchase option executed by Lessee or, if no such purchase option exists, the amount of 15% of the original Equipment cost). Upon Lessor’s
receipt of such payment, this Lease will terminate with respect to such item of Equipment, and Lessee shall be entitled to whatever interest Lessor may then have in said item of Equipment in its then
condition and location, without warranty, express or implied.
11. Indemnity. Lessee shall indemnify Lessor against, and hold Lessor harmless from, any and all claims, actions, costs, expenses, damages and liabilities, including attorney’s fees, arising out
of, connected with, or resulting from the Equipment or this Lease, including, without limitation, the manufacture, selection, delivery, possession, use, condition, operation or return of the Equipment. Lessee
shall, at its own cost and expense, defend any and all such suits which may be brought against Lessor and shall satisfy, pay and discharge any and all judgments and fines that may be recovered against
Lessor in any such action; provided, however, that Lessor shall give Lessee written notice of any such claim, demand or suit. The obligation of Lessee under this paragraph shall survive the termination of
this Lease.
12. Default. Lessee shall be in default under this Lease upon the occurrence of any of the following events or conditions (hereinafter called Events of Default): (a) Lessee’s refusal, without
good cause, to accept delivery of Equipment; (b) the nonpayment of any Rent or any other amount payable pursuant to the terms of this Lease within 5 days after the same becomes due and payable, or the
failure of Lessee to perform any of its obligations contained in this Lease; (c) any representation or statement made or furnished to Lessor by or on behalf of Lessee in connection with this Lease to induce
Lessor to enter into this Lease proving to have been incorrect in any material respect when made or when furnished; (d) the existence of any uncured event of default under the terms of any instrument or
writing evidencing a debt (other than a trade debt) payable on demand; (e) loss, theft, substantial damage, destruction, sale or encumbrance of any of the Equipment or any material impairment of the value
thereof, unless adequately covered by then existing insurance; (f) insolvency of Lessee, the making of any general assignment for the benefit of creditors, the filing of any petition by or against Lessee under
any provision or chapter of any bankruptcy or insolvency statute, or the appointment of any trustee or receiver for Lessee of any of its assets; (g) existence of any judgment against or an attachment of the
property of Lessee; (h) the death of an individual Lessee or the dissolution, merger, consolidation, liquidation or reorganization of any Lessee which is a corporation, limited liability company, or partnership;
or (i) the occurrence of an event of default under any other loan agreement, promissory note, security agreement, and/or lease (collectively “Other Agreements) between Lessee and Lessor whether such
Other Agreements are now in existence or hereafter come into existence.
13. Lessor’s Remedies. Upon the occurrence of any Event of Default, Lessor, at its option, may do any one or more of the following: (a) declare all liabilities hereunder immediately due and payable; (b)
proceed by court action at law or in equity to enforce performance by Lessee of any and all covenants of this Agreement and/or to recover damages for the breach thereof; (c) require Lessee to deliver the
Equipment forthwith to Lessor at Lessee’s expense at such place as Lessor may designate; (d) upon notice to Lessee and at Lessor’s sole option, terminate this Lease; (e) without notice or liability or legal
process, enter into any premises of or under control of Lessee and repossess the Equipment, disconnecting and separating it from any other property and using all force permitted by applicable law to do so,
Lessee hereby expressly waiving all further rights to possession of the Equipment and all claims for injuries suffered through or loss caused by such repossession and LESSEE HEREBY WAIVING ALL
RIGHTS TO NOTICE AND TO A JUDICIAL HEARING PRIOR TO REPOSSESSION BY LESSOR; and (f) exercise any other right or remedy which may be available to Lessor under any applicable law.
Upon the occurrence of any Event of Default, Lessor shall be entitled to recover, for loss of the bargain and as damages and not as a penalty, all unpaid rent and other charges that accrued on or before the
occurrence of the Event of Default plus the unpaid amount of all future rent and any future charges that become due by the terms of the Lease. In the event Lessee does not return the equipment, Lessee shall

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further be liable for any charges set forth in any purchase option executed by Lessee or, if no such purchase option exists, the amount of 15% of the original Equipment cost. Lessee shall also be liable for all
collection costs, court costs, and reasonable attorney’s fees and costs. A termination hereunder shall occur only upon written notice by Lessor, and any such termination shall not relieve Lessee of any of its
financial obligations under this Lease. No remedy referred to in this Lease is intended to be exclusive, but shall be cumulative and in addition to any other remedy referred to above or otherwise available to
Lessor at law or in equity. Upon an Event of Default, LESSEE IRREVOCABLY AUTHORIZES ANY ATTORNEY ADMITTED TO PRACTICE BEFORE ANY COURT OF RECORD TO APPEAR ON

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BEHALF OF LESSEE IN ANY COURT HAVING JURISIDICTION, IN ONE OR MORE PROCEEDINGS, OR BEFORE A CLERK OR OTHER COURT OFFICIAL, AND TO CONFESS JUDGMENT
AGAINST LESSEE WITHOUT PRIOR NOTICE OR OPPORTUNITY FOR PRIOR HEARING, IN FAVOR OF LESSOR FOR THE FULL AMOUNT DUE UNDER THIS LEASE AND ANY AND
ALL OTHER COSTS, FEES, EXPENSES AND CHARGES, INCLUDING BUT NOT LIMITED TO LATE CHARGES, COURT COSTS AND REASONABLE ATTORNEY’S FEES AND COSTS.
LESSEE AGREES AND CONSENTS THAT VENUE AND JURISDICTION SHALL BE PROPER IN THE CIRCUIT COURT OR THE DISTRICT COURT OF BALTIMORE COUNTY, MARYLAND
BUT THAT VENUE AND JURISDICTION ARE NOT LIMITED TO BALTIMORE COUNTY, MARYLAND. LESSEE WAIVES THE BENEFIT OF ANY AND EVERY STATUTE, ORDINANCE,
OR RULE OF COURT THAT MAY BE LAWFULLY WAIVED CONFERRING UPON LESSEE, ANY RIGHT OR PRIVILEGE OF EXEMPTION, STAY OF EXECUTION, OR SUPPLEMENTARY

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PROCEEDINGS, OR OTHER RELIEF FROM THE ENFORCEMENT OR IMMEDIATE ENFORCEMENT OF A JUDGMENT OR RELATED PROCEEDINGS ON A JUDGMENT. THE
AUTHORITY AND POWER TO APPEAR FOR AND ENTER JUDGMENT AGAINST LESSEE SHALL NOT BE EXHAUSTED BY ONE OR MORE EXERCISES THEREOF, OR BY ANY
IMPERFECT EXERCISE THEREOF, AND SHALL NOT BE EXTINGUISHED BY ANY JUDGMENT ENTERED PURSUANT THERETO; SUCH AUTHORITY AND POWER MAY BE
EXERCISED ON ONE OR MORE OCCASIONS FROM TIME TO TIME, IN THE SAME OR DIFFERENT JURISDICTIONS, AS OFTEN AS LESSOR SHALL DEEM NECESSARY OR
ADVISABLE.
14. Return of Equipment. Upon default, expiration of the term, or earlier termination of this Lease, Lessee shall return the Equipment in good repair and condition, ordinary wear and tear

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resulting from normal use expected, together with a disposition fee of 5% of the original cost of said Equipment. Equipment shall be returned, at Lessee’s expense, by loading it on such carrier as Lessor
shall specify and by shipping it, freight pre-paid to the destination specified by Lessor. In the event repairs are necessary, Lessee shall do so at its own expense paying Lessor a reasonable rent for the period
of time reasonably necessary to accomplish such repair beyond the termination date. If Lessee does not return the Equipment as provided hereunder, Lessor, at its option may make arrangements for the
return shipment, for which Lessee shall immediately reimburse Lessor.

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15. Late Payment Charge and Finance Charge. Upon the failure of Lessee to pay any Rent or any other amount due hereunder within five days of the due date, Lessee shall also pay, as
additional rent, a late charge of twenty dollars ($20.00) or an amount equal to five percent (5%) of the delinquent payment (or such lesser maximum rate as may be required by applicable law), whichever is
more. This late charge is not a penalty but is a good faith estimate of the anticipated additional administrative expenses Lessor may incur. In addition to the late charge, if Lessor makes a payment on behalf
of Lessee to satisfy any of Lessee’s obligations hereunder, Lessee shall repay the amount of such payment plus a finance charge computed of eighteen percent (18%) per annum (or other such maximum
amount permitted under applicable law).

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16. Assignments. Lessee shall not assign, transfer, pledge or dispose of this Lease or any interest therein or permit the Equipment to be used by anyone other than Lessee or Lessee’s
authorized agents and employees without Lessor’s prior written approval, which approval may be withheld by Lessor in its sole and absolute discretion. Lessor may assign this Lease and, subject to Lessee’s
interest therein, may mortgage or otherwise encumber the Equipment in whole or in part without notice to Lessee, and any such assignee shall have all the rights but none of the obligations of Lessor under
this Lease, free from any defense, counterclaim or set-off which Lessee may have against Lessor.

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17. Binding Effect. This Lease constitutes the entire and integrated agreement of the parties, and no promises or representations have been made that are not contained herein. All notices shall
be in writing and shall be sufficient if delivered personally or mailed by first class mail to the other party at the address set forth above or at such other address as such party shall specify in writing. No
provision, term or condition of this Lease may be waived, amended or altered except with the written consent of Lessor. Waiver by Lessor of any default by Lessee hereunder shall not be construed as a
waiver of any other or subsequent default. If any part of this Lease shall be adjudged invalid, then such partial invalidity shall not cause the remainder of this Lease to be or to become invalid.
18. Choice of Law; Personal Jurisdiction and Venue. This Lease has been originated in the State of Maryland and shall in all respects be governed by and construed in accordance with the
laws of the State of Maryland. The parties agree that any dispute arising out of or in connection with this Lease may be resolved by a court sitting in the State of Maryland. Lessee hereby consents and
submits to the jurisdiction of the courts of the State of Maryland, including but not limited to Baltimore County, Maryland.
19. Jury Waiver; Lessee Waivers. LESSEE AND LESSOR HEREBY KNOWINGLY, WILLINGLY, AND VOLUNTARILY WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY
ACTION ARISING HEREUNDER OR IN ANY WAY CONNECTED WITH THIS LEASE OR THE EQUIPMENT. LESSEE FURTHER WAIVES AND RELEASES ANY RIGHTS AND REMEDIES
CONFERRED UPON LESSEES BY SECTIONS 2A-508 THROUGH 2A-522 OF THE UCC OR ANY SIMILAR LAWS, including, without limitation, any right to cancel or repudiate this Lease, revoke
acceptance of the Equipment, assert any claim for damages or security interest in any of the Equipment or require Lessor to sell or re-lease any Equipment reacquired by Lessor following Lessee’s default.
20. Miscellaneous. This Lease shall only be valid when accepted in writing by Lessor at its home office. If, contrary to the parties’ intention, this Lease is held to create a security interest in
any Equipment, Rent for such Equipment shall be reduced so that any interest portion is the highest rate permitted by applicable law. All interest due hereunder shall be reduced if required to equal the
highest rate permitted by applicable law. Nothing herein shall imply that Lessor is a “merchant” under the UCC. Lessee shall furnish to Lessor such financial statements of Lessee and any Guarantor(s) and
any other credit information as Lessor may from time to time request. In addition, Lessee and/or Guarantor(s) grant Lessor the right to obtain updated credit reports as Lessor may request from time to time.
Lessee and/or Guarantor(s) shall notify Lessor within ten (10) days after any material adverse change in Lessee's or Guarantors’ financial condition.
21. Financing Statements. Lessee hereby agrees and does appoint Madison Funding, LLC or its agents or assigns as its true and lawful attorney-in-fact to prepare, execute and sign any
instrument or financing statement necessary to protect Madison's interest in the Equipment subject hereto or any Additional Collateral (defined below), and to sign in the name of Lessee with the same force
and effect as if signed by Lessee, and to file same at the proper location or locations. Lessee further agrees, if Madison so requests, to execute any instrument or financing statement necessary to protect
Madison's interest in the Equipment or Additional Collateral.
22. Cross Collateralization and Default. As security for Lessee’s obligations hereunder, Lessee grants to Lessor all of Lessee’s interest in all assets and the proceeds or profits thereof (the “Additional
Collateral”) covered by any other loan agreement, promissory note, security agreement and/or lease (collectively the "Other Agreements") between Lessee and Lessor, whether such other agreements are now
in existence or hereafter come into existence, and Lessee assigns to Lessor as security for its obligations hereunder, all of its rights, title and interest in and to any surplus money to which Lessee may be
entitled upon the sale of the Additional Collateral covered by such Other Agreements. Lessor is hereby authorized to file any appropriate financing statements or to take any other action necessary to protect
or perfect Lessor’s security interest in the Additional Collateral and Lessee shall take any action necessary to protect or perfect Lessor’s security interest in the Additional Collateral. Any default under any
Other Agreement shall also be an Event of Default under this Lease in accordance with Paragraph 12 herein.
23. Post Judgment Attorneys’ Fees and Costs. In addition to any pre-judgment rights and remedies set forth herein, Lessor is also entitled to Lessor’s reasonable attorneys’ fees and costs incurred in
connection with the collection and enforcement of any order, decree or judgment obtained by Lessor. It is the express intent and agreement of Lessee and Lessor that this provision shall not be extinguished
by or merged into any order, decree or judgment, but shall survive such order, decree, or judgment
24. Counterparts and Signatures. This Agreement may be executed in any number of counterparts, each of which shall be considered one and the same agreement and shall become effective when a counterpart hereof shall have been
signed by each of the Parties and delivered to the other Parties. Signatures that are sent by facsimile, PDF and/or are copied xerographically shall be treated as originals.

Initial _______
 THIS IS A COPY
DocuSign Envelope ID: A506489F-6048-4BEE-907D-66C7880D1778 Lease # 2023-0102
This is a copy view of the Authoritative Copy held
Lease Guaranty
by the designated custodian

11433 Cronridge Drive, Suite FOwings Mills, MD 21117-2294443.796.7333

1. For valuable consideration, receipt of which is hereby acknowledged, the undersigned (hereinafter individually or collectively, “Guarantor”), jointly and
severally if more than one, hereby irrevocably and unconditionally guarantees to Madison Funding, LLC (“Lessor”): (1) the full and punctual payment of all past,
present and future rents and all other obligations of the Lessee under the above numerically identified lease and all amendments, supplements or modifications
thereto ( the “Lease”); (2) the performance by the Lessee of all of the terms and conditions of the Lease; (3) the performance by Lessee of all of the terms and
conditions of any other loan agreement, promissory note, security agreement and/or lease (collectively the "Other Agreements") between Lessee and Lessor,
whether such other agreements are now in existence or hereafter come into existence; and (4) payment of all past, present and future obligations, debts and
liabilities of Lessee under any Other Agreements.

2. This Guaranty is continuing, absolute and unconditional, and not subject to any counterclaim, set-off, recoupment, deduction or defense based upon any
claim which any Guarantor may have against Lessor or Lessee. This Guaranty shall remain in full force and shall not be released, discharged or terminated until all
amounts payable by Lessee to Lessor and all obligations by Lessee to Lessor under the Lease and/or any Other Agreements have been paid, settled and satisfied in
full. Guarantor’s obligations hereunder shall not be affected or released by the discharge or release of Lessee of its obligations under the Lease or Other
Agreements or the filing of any bankruptcy proceeding, assignment for the benefit of creditors, or other insolvency proceeding by or against Lessee or any co-
Guarantor.

3. Guarantor authorizes Lessor, without notice or demand and without affecting its liability hereunder, from time to time to: (a) modify, amend,
supplement, extend or waive any of the terms, covenants or conditions of the Lease and/or Other Agreements, including but not limited to payment terms; (b)
assign the Lease and/or Other Agreements; (c) consent to Lessee’s assignment of the Lease and/or Other Agreements or of all, or any portion, of the equipment or
property covered by the Lease and/or the Other Agreements; (d) take, hold, exchange, release, apply, sell, dispose or transfer security for the performance and
payment of this Guaranty or Other Agreements; (e) compromise, settle, release or terminate Lessee or any other Guarantor; and (f) substitute Lessee or any one or

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more Guarantor.

4. Guarantor waives any right to require Lessor to: (a) proceed against Lessee or any other Guarantor; (b) proceed against or exhaust any security held
from Lessee; (c) pursue any other remedy in Lessor’s power whatsoever; or (d) notify Guarantor of any Event of Default by Lessee under the Lease or Other

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Agreements. Guarantor waives any defense which could be asserted by Lessee. Guarantor waives all presentments, demands for performance, notices of
nonperformance, protests, notices of dishonor, and notices of acceptance of this Guaranty.

5. Guarantor agrees to pay reasonable attorneys’ fees plus all other costs and expenses of any nature which may be incurred by Lessor in the enforcement
of this Guaranty.

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6. Separate actions may be brought and prosecuted against each Guarantor, regardless of whether an action is brought against Lessee or whether Lessee be
joined in any such action or actions. Upon the occurrence of a default, Guarantor hereby authorizes any attorney admitted to practice before any court of record to
appear on behalf of such Guarantor in any court having jurisdiction in one or more proceedings, or before any clerk thereof or other court official, and to CONFESS
JUDGMENT AGAINST SUCH GUARANTOR WITHOUT PRIOR NOTICE OR OPPORTUNITY OF THE GUARANTOR FOR PRIOR HEARING, in favor of

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Lessor for the full amount due under this Guaranty and any and all other costs, fees, expenses and late charges, including but not limited to court costs and
reasonable attorneys' fees and costs.. EACH GUARANTOR AGREES AND CONSENTS THAT VENUE AND JURISDICTION SHALL BE PROPER IN THE
CIRCUIT COURT OF ANY COUNTY OF THE STATE OF MARYLAND, INCLUDING BUT NOT LIMITED TO BALTIMORE COUNTY , MARYLAND, OR
IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND. Each Guarantor waives the benefit of any and every statute, ordinance,

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or rule of court which may be lawfully waived conferring upon Guarantor any right or privilege of exemption, homestead rights, appeal, stay of execution or
supplementary proceedings, inquisition, extension upon any levy on real estate or personal property, and any other relief from the enforcement or immediate
enforcement of a judgment or related proceedings on a judgment. The authority and power to appear for and enter judgment against each Guarantor shall not be
exhausted by one or more exercises thereof, or by any imperfect exercise thereof, and shall not be extinguished by any judgment entered pursuant thereto; such

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authority and power may be exercised on one or more occasions, from time to time, in the same or different jurisdictions, as often as the Lessor shall deem necessary
or advisable.

7. In addition to any pre-judgment rights and remedies set forth herein, Lessor is also entitled to Lessor’s reasonable attorneys’ fees and costs incurred in

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connection with the collection and enforcement of any order, decree or judgment obtained by Lessor. It is the express intent and agreement of Lessee and Lessor
that this provision shall not be extinguished by or merged into any order, decree or judgment, but shall survive such order, decree, or judgment

8. This Guaranty shall be deemed to have originated in the State of Maryland and shall in all respects be governed by and construed in accordance with the
laws of the State of Maryland. Guarantor hereby consents and submits to the jurisdiction and venue of the courts of the State of Maryland, including but not limited
to jurisdiction and venue in the Circuit Court and District Court of Baltimore County, Maryland.

9. WAIVER OF JURY TRIAL. THE PARTIES HEREBY KNOWLINGLY, WILLINGLY, AND VOLUNTARILY WAIVE A TRIAL BY JURY
IN ANY ACTION OR PROCEEDING TO WHICH GUARANTOR AND LESSOR MAY BE PARTIES, ARISING OUT OF OR IN ANY WAY
PERTAINING TO THIS GUARANTY.

10. This Agreement may be executed in any number of counterparts, each of which shall be considered one and the same agreement. Signatures that are sent
by facsimile, PDF and/or are copied xerographically shall be treated as originals.
9/15/2023
IN WITNESS WHEREOF the undersigned has duly executed this Guaranty under the seal _________________.

GUARANTOR: Dan Micholas Bigman Montalvo

By: (SEAL)
Home Address: Cond. Plaza Antillianan, Apt. 2301, San Juan, PR 00918
DocuSign Envelope ID: A506489F-6048-4BEE-907D-66C7880D1778 THIS IS A COPY
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by the designated custodian

Addendum to Equipment Lease Agreement

This Addendum to Equipment Lease Agreement (“the Addendum”) # 2023-0102 is made this 15th day of September,
2023, by and between Madison Funding, LLC, Lessor, and Gasco Industrial Corp., Lessee.

Whereas, contemporaneous with this Addendum, Lessor and Lessee have entered into an Equipment Lease (the
“Lease”) pursuant to which Lessee is leasing (1) Heli CPD20SQ-GELi 3 Wheel Forklift (the “Equipment”) supplied
by General Machinery Contractors, Inc.

Whereas, the Equipment will be paid for by Lessor prior to the delivery and installation of the Equipment, and Lessor
needs to be assured that Lessee will not reject the Equipment and that Lessee will make the Lease payments regardless
of whether the Equipment is delivered and regardless of the condition or operability of the Equipment.

Whereas, the equipment invoice will be paid on or before October 15, 2023;

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Now, therefore, for valuable consideration, Lessor and Lessee herein enter into this Addendum:

1. Except as specifically amended or supplemented by the terms of this Addendum, Lessor and Lessee

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specifically agree and acknowledge that all of the terms and conditions of the Lease are hereby ratified and affirmed in
full and that the Lease is fully binding upon the parties subject to the terms of this Addendum and any other
addendums entered into between the parties.

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2. Notwithstanding anything in the Lease to the contrary, Lessee hereby agrees that under no circumstances shall
it reject or revoke its acceptance of the Equipment without prior written consent of Lessor, which consent Lessor may
withhold in its sole and absolute discretion. Notwithstanding paragraph 4 of the Lease, Lessee shall accept the
Equipment and shall issue a certificate of acceptance.

3.

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Notwithstanding anything in the Lease to the contrary, Lessee hereby agrees that it shall be obligated to make
the Lease payments in full regardless of anything relating to the Equipment, including without limitation whether the
Equipment is delivered, the condition or operability of the Equipment, or whether General Machinery Contractors, Inc.
has breached any promises or warranties relating to the Equipment. In the event of any problems with the Equipment,

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including without limitation whether the Equipment is delivered, the condition or operability of the Equipment, or
whether General Machinery Contractors, Inc. has breached any promises or warranties relating to the Equipment,
Lessee’s sole remedy shall be a claim against General Machinery Contractors, Inc. and Lessee will have no claim or

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right of set-off against Lessor.

4. Lessor shall be entitled to pay in full for the Equipment directly to General Machinery Contractors, Inc.
regardless of whether Lessee has any problems whatsoever relating to the Equipment.

In Witness Whereof, the parties hereunto set their hands and seals as of the date written above.

Lessee: Gasco Industrial Corp. Lessor: Madison Funding, LLC

By: Dan Nicholas Bigman Montalvo By: Authorized Signor

Pres.
Title: CEO Title:
9/15/2023 9/19/2023
Date: Date:
DocuSign Envelope ID: A506489F-6048-4BEE-907D-66C7880D1778 THIS IS A COPY
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by the designated custodian
Lease # 2023-0102
Certificate of Acceptance
11433 Cronridge Drive, Suite F  Owings Mills, MD 21117 443.796.7333

THIS CERTIFICATE REFERS TO AND IS PART OF THE EQUIPMENT LEASE NUMBER 2023-0102 AS STATED
BETWEEN THE UNDERSIGNED, AS LESSEE, AND THE ABOVE NAMED LESSOR.

The undersigned Lessee also represents and acknowledges that as of the below date:

1. All equipment (the “Equipment”) described in the Lease was delivered to the Lessee and all necessary installation
performed.
2. The Equipment was inspected by or on behalf of the Lessee and found to be in good condition, in conformity with all
express warranties and representations of the manufacturer or supplier and with all specifications provided by the Lessee.
3. The Lessee hereby authorizes Lessor to pay the manufacturer or supplier of the Equipment the invoice amount for the
Equipment, less any agreed credit discount.
4. Lessor has made no representations or warranties regarding the performance, condition, operation, quality, suitability or
maintenance of the Equipment including NO WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE either express or implied.
5. The Lessee agrees to look solely to the manufacturer or supplier of the Equipment respecting any claims, servicing or

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warranties, and expressly confirms that its obligations under the Lease are absolute and unconditional.

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In the event that decals or metal plates have been applied or affixed to the Lease Equipment, they must stay there.

9/15/2023
SIGNATURE OF LESSEE (SEAL) DATE

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Dan Micholas Bigman Montalvo, CEO

THIS CERTIFICATE IS TO BE SIGNED IMMEDIATELY AFTER INSPECTION AND MUST BE RECEIVED BY LESSOR

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WITHIN 72 HOURS AFTER DELIVERY AND INSTALLATION OF EQUIPMENT.

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DocuSign Envelope ID: A506489F-6048-4BEE-907D-66C7880D1778 THIS IS A COPY
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Lease # 2023-0102
Certificate of Insurance
11433 Cronridge Drive, Suite F  Owings Mills, MD 21117  443.796.7333

FROM: TO:
Lessee Gasco Industrial Corp. Insurance Agency or Company: MAPFRE

Address P.O. Box 1360 Address:

City, State, Zip Gurabo, PR 00778 City, State, Zip
Contact: Dan Micholas Bigman Montalvo Contact:
Phone: 787-810-1250 Fax: Phone: 787.772.8472 Fax:

We have executed a lease agreement with Madison Funding, LLC. We have agreed, per the terms of the lease, to provide and maintain
full insurance coverage for the mentioned property:

PROPERTY: (1) Heli CPD20SQ-GELi 3 Wheel Forklift

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VALUE: $44,995.00

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EQUIPMENT LOCATION: Calle A Lote 3, Gurabo, PR 00778

Please fax evidence of insurance to 443-796-7200 attn: Kelly Battaglia and mail a copy to:

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Madison Capital
c/o Insurance Center
P.O. Box 3547

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Bellevue, WA 98009

Please reference Madison Funding, LLC Lease # 2023-0102. The Certificate should:

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(1) Provide “special form” coverage that includes theft on your property insurance policy.
(2) Name Madison Funding, LLC and its successors and/or assigns as the “Loss Payee” on your
property insurance policy.
(3) Name “Madison Funding, LLC, and its assignors and assignees” as “Additional Insured” on your

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general liability coverage with minimum limit of $1,000,000 aggregate.
(4) Reflect the current effective dates for your coverage
(5) Have a 30 day notice of cancellation clause.
(6) A policy may be placed and a premium charged if proof of adequate insurance is not received as
requested.

We appreciate your assistance in this matter.

9/15/2023
SIGNED “INSURED” (SEAL) DATE
Dan Micholas Bigman Montalvo, CEO
DocuSign Envelope ID: A506489F-6048-4BEE-907D-66C7880D1778 THIS IS A COPY
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by the designated custodian

September 15, 2023

Gasco Industrial Corp.

P.O. Box 1360
Gurabo, PR 00778

Dear Mr. Bigman Montalvo:

This is in reference to your lease number 2023-0102 and should be attached to and become a part of this lease.

At the end of the 60 month term, providing all terms and conditions have been met, all monies are paid as agreed,

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and the lease does not go into default, you will have the option to purchase this equipment for one dollar ($1.00).

All terms and conditions will remain as set forth in the lease.

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Please sign in the space indicated as your agreement to all of the above and return.

If you should have any questions or require further information, please do not hesitate to call.

Yours truly,

Madison Funding, LLC

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Pres.

C O Gasco Industrial Corp.

By:
Dan Micholas Bigman Montalvo
(SEAL)

Title: CEO
9/15/2023
Date:

11433 CRONRIDGE DRIVE, SUITE F, OWINGS MILLS, MD 21117

443.796.7333  800.733.5529  FAX: 443.796.7200
www.madisoncapital.com
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by the designated custodian

AUTOMATIC FUNDS TRANSFER AUTHORIZATION

Gasco Industrial Corp. HEREBY AUTHORIZES MADISON CAPITAL, LLC TO DEBIT MY (OUR) CHECKING / SAVINGS
ACCOUNT ON OUR PAYMENT DUE DATE REFERENCED ON OUR AGREEMENT INCLUDING ANY INSURANCE PREMIUMS
PLACED AS A RESULT OF MADISON CAPITAL NOT RECEIVING PROOF OF ADEQUATE INSURANCE.

**Please attach a BLANK VOIDED CHECK for the referenced account below.

ROUTING NUMBER
021502011

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180069578
ACCOUNT #
BANCO POPULAR DE PUERTO RICO
AT

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(Financial Institution)

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TO BE CREDITED TO OUR LEASE (For multiple leases enter customer number)

THIS AUTHORITY IS TO REMAIN IN FULL FORCE AND EFFECT UNTIL UNDERLYING OBLIGATION TO MADISON CAPITAL IS
PAID IN FULL OR UNTIL MADISON CAPITAL HAS RECEIVED WRITTEN NOTIFICATION FROM ME (US) OF ITS TERMINATION

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WITH REASONABLE OPPORTUNITY TO ACT ON SUCH NOTIFICATION, WHICHEVER COMES FIRST.

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AUTHORIZED SIGNATURE:
Dan Bigman-Montalvo
SIGNOR'S NAME:
9/15/2023
DATE: