2021-11-22_PERMIT FILE - C1992081 ‎(8)‎

• Permit No: C1992081
• IBM Index Class Name: Permit File
• Doc Date: 11/22/2021
• Doc Name Note: Land Lease Agreement
• Section_Exhibit Name: Tab 20 Exhibit 20-1‎(2)‎
• Media Type: D
• Archive: No

legal right and authority to lease Lands. Lessee acknowledges that it has inspected the Lands
and accepts it in its current condition** and Lessee deems it appropriate for all purposes,
including Lessee's intended use. Lessee leases the Lands subject to all existing agreements,
encroachments, claims, easements, occupancies, grants, reservations, deed obligations and
similar covenants, rights, title defects and other impediments, all as described in Exhibit B.
2. RIGHT TO POSSESSION. On the Commencement Date, Lessor will deliver to
Lessee possession of the Lands.
3. TERM, (a) Unless otherwise terminated as provided herein, this Lease shall be
for a term of one (1) year from the Commencement Date ("Term"), except that Lessee may
elect to extend the Term by written notice to Lessor for as many as five (5) successive periods
of one (1) year each conditioned upon Lessee's obligations hereunder being in good standing:
and, (b) if either Lessee or Lessor breaches any material covenant or obligation under this
Lease and if such breach continues without cure for a period of sixty (60) calendar days from
the date of receipt of written notice of such breach, the non-breaching party may terminate this
Lease without further notice, provided that if the breach would reasonably take more than sixty
(60) days to cure and the party in breach has commenced such cure within such sixty (60) day
period and diligently pursues such cure, the party in breach shall have an additional sixty (60)
days to complete such cure.
4. LEASE PAYMENTS. On or before the Commencement Date, Lessee shall
deliver to Lessor the sum of ONE DOLLAR ($1.00).
5. INSPECTION OF LANDS. Lessor (its contractors, agents, or affiliates) shall
have the right to inspect the Lands as needed for validation of use, monitor conditions,
environmental assessment, and at such other times as it reasonably deems necessary. Lessor
shall have the right to enter onto the Lands to conduct such inspections; however. Lessor will
comply with any instructions of Lessee reasonably designed to insure the safety of the
personnel and property of Lessee and Lessor.
6. COMPLIANCE WITH LAWS. Lessee shall comply with all applicable Federal,
State and local laws, ordinances and regulations in its use of the Lands, and Lessee hereby
agrees to indemnify and hold Lessor harmless from and against any and all liability, claims,
costs (including attorney's fees), damages and expenses arising in any manner out of its failure
to comply with such laws, ordinances or regulations.
7. ADDITIONAL ASSETS, MAINTENANCE AND IMPROVEMENTS, (a) Lessee,
shall be solely responsible for and shall at its sole risk, cost and expense, repair and thereafter
maintain the Lands in form suitable for recreational purposes; and, (b) Lessee, may make
improvements upon or connected to the Lands with the written consent of Lessor, provided that
all such improvements shall be the property of Lessee at the termination of this lease; and (c)
improvements made to the extent that such improvements are not readily detachable without
damage or injury to the Lands shall remain in place and become the property of the Lessor at
the termination of this lease.
8. AUTHORITY TO LEASE. As of the Commencement Date, Lessee and Lessor
will have the necessary corporate authority and approval to enter into this Lease.
9. ENVIRONMENTAL, (a) Lessee shall not create or permit to be created upon the
Lands any nuisance, use, storage or disposal or other release of Hazardous Materials, public or