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with Lessor's consent to any encumbrance, at a minimum the following shall apply: (i) such encumbrance shall only encumber Lessee's leasehold interest for the purpose of securing financing for Lessee's authorized improvements and no other encumbrance shall be permitted; (ii) such encumbrance shall be subordinate to Lessor's interests; (iii) the lienholder must agree to maintain current contact information with Lessor and provide Lessor with concurrent copies of any notices or communications regarding a default; (iv) any default relating to such encumbrance shall be a default of this Lease; (v) such encumbrance shall terminate on or before the Expiration Date and the lienholder must agree to promptly remove such encumbrance when the obligation that it secures has been satisfied; and (vi) Lessor shall have no financial or other obligations to lienholder except as provided in this Section 10.3. If, while such encumbrance is in effect, Lessee defaults under such encumbrance or this Lease and, if such lienholder is in compliance with the provisions set forth in this Section 10 and cures Lessee's defaults of this Lease within thirty (30) days after the first such default, Lessor will permit such lienholder to provide a substitute Lessee, which substitute Lessee must be acceptable to Lessor in its sole discretion under the provisions of Section 10.1, so long as such lienholder fully performs this Lease. If such lienholder fails to comply with any of the foregoing requirements, such failure shall be a default of this Lease and Lessor may at any time and subject to the terms of Section 12 terminate this Lease and exercise any rights hereunder, including, but not limited to, those set forth at Sections 12 and 6.4. Lessor shall have no obligation to provide any other notices to any lienholder, and Lessor shall have no liability of any kind to any lienholder. 10.4 Subleasing and Renting. Upon obtaining Lessor's prior written consent and as otherwise provided in this Section, Lessee shall have the right to sublease or rent portions of the Premises for the storage of Aircraft. Lessor reserves the right to refuse to give such consent if, in Lessor's reasonable business judgment the proposed renter's or sub -lessee's use of the Premises would result in the Premises being used in contravention of the terms of this Lease. Lessee shall impose on all approved renters and sub -lessees the same terms set forth in this Lease to provide for the rights and protections afforded to Lessor hereunder. All such rentals and subleases shall be consistent with and subordinate to this Lease as it is amended from time to time. Such rentals and subleases shall include the requirement that the renters and sublessees will attorn to and pay rent to Lessor if Lessee ceases to be a party to this Lease or is in default. Lessee shall provide to Lessor a copy of every sublease or rental agreement executed by Lessee. No rental or sublease shall relieve Lessee of any obligations under this Lease. 11. DAMAGE, DESTRUCTION, AND CONDEMNATION. 11.1 Damage or Destruction of Premises. If any portion of the Premises or the Improvements is damaged in any manner, Lessee shall promptly remove from the Airport all damages and debris and timely cause repairs to be made to restore the Premises and Improvements to an orderly and safe condition; provided the Lessee shall not be required to restore the Improvements. In the event new Improvements are undertaken by Lessee, all work shall be performed in accordance with the terms of this Lease, and Lessee shall not receive any abatement of Lessee's rent obligations. LESSEE r- � 16 LESSOR