Lease Agreement - H33 Mitchell Nov 22

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LESSEE__________ 9 LESSOR__________ Upon the expiration of this Lease and in the event of the acquisition of the Improvements by Lessor, Lessee, at Lessee's sole cost, shall (i) promptly and peaceably surrender to Lessor the Premises and Improvements clean and free of debris and in good order and condition; (ii) repair in a good and workmanlike manner any damage to the Premises, reasonable wear and tear excepted, or the Airport by the removal of Lessee’s personal property; (iii) deliver to Lessor all keys and other items integral for access and operation of the Improvements; (iv) perform Lessee’s environmental obligations as provided in Section 7; and (v) remove all movable personal property and trade fixtures and signage that are not owned by Lessor; provided that Lessee must obtain Lessor’s prior written consent to remove any such property if such removal may impair the structure of any building. Upon any expiration or termination of this Lease, including, but not limited to, termination for abandonment of the Premises, all property that Lessee leaves on the Premises shall conclusively be deemed to have been abandoned and may be appropriated, sold, stored, destroyed, or otherwise disposed of by Lessor without notice. and without any obligation to account, to Lessee or any other person, provided that the disposition of Improvements shall be as provided in Section 6.4. Lessee shall pay to Lessor all expenses incurred in connection with the disposition of such property in excess of any amount received by Lessor from such disposition. 6.5 Failure to construct Improvements: LESSEE agrees that, should LESSEE fail to construct the structure(s) described in Exhibit “D” as outlined in the negotiated construction schedule and in conformity with airport standards (also part of Exhibit D), this lease shall automatically terminate, and LESSEE forfeits any and all interest in the premises. Proposed improvements must have a negotiated construction schedule and be determined in conformity with applicable airport standards prior to making application for a building permit. General construction requirements are attached hereto as Exhibit E and incorporated herein by this reference. Lessor approval is required for all such building permit applications. 6.6 Duty of LESSEE to prevent or remove encumbrances to improvements: LESSEE shall, as additional consideration for the grant of this LEASE, insure that all liens, security interest and other encumbrances against said improvements and structures except those created or suffered by LESSOR, whether consensual or involuntary, shall be paid, discharged or satisfied prior to the time for reversion thereof to LESSOR; and, in any event, the parties acknowledge that LESSOR shall not, by virtue of termination of the leasehold interest nor reversion of the structures or other improvements, be liable for any debt or encumbrance associated therewith, whether now existing or hereafter incurred, levied or attached. 7. HAZARDOUS SUBSTANCES: