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c. Late Fee. Tenant shall pay a late fee to Landlord of $50.00 each time the <br />rent is not paid by the 1st day of each month when due plus $10.00 per day <br />after the 1st day of the month the rent is not paid up to a maximum late fee <br />of $100.00 per month. <br />d. Damage Deposit. Tennant is responsible for a $650.00 damage deposit to <br />the Landlord by March 1, 2014. Landlord shall utilize deposit made from <br />previous lease agreement with Tennant to satisfy this term. Tennant shall <br />not pay a new deposit for this Lease Agreement. <br />6. Permitted Use. Outdoor areas displaying for sale, boats snowmobiles and similar <br />recreational equipment and accessories. See Additional restrictions on Permitted <br />uses in paragraph 9. herein. <br />7. Landlord Address: <br />City of Ramsey <br />Attention: City Administrator <br />Ramsey Municipal Center <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br />8. Tenant Address: <br />Pro Power Sports & Marine, Inc. <br />Attention: Todd Amar <br />6781 Highway 10 <br />Ramsey, Minnesota <br />LEASE TERMS <br />1. PREMISES: <br />Landlord hereby leases to Tenant, and his successors and assigns, and Tenant hereby leases <br />from Landlord, for the Term described in Item 2 of the Data Sheet and upon the conditions <br />hereinafter provided, the Premises described in Item 1 of the Data Sheet. <br />2. RENTABLE AREA: <br />The Rentable Area of the Premises is estimated to be the paved surface area as part of the <br />land set forth in Item 1 of the Data Sheet. The actual Rentable Area of the Premises consists of <br />15,000 square feet. <br />3. LEASEHOLD IMPROVEMENTS: <br />Tenant is taking the premises "AS IS" and Landlord shall not be obligated to do any work <br />on the Premises. The Tenant shall maintain the Premises as an outdoor storage facility and <br />Page 2 of 10 <br />