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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 />