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County: Anoka County
<br />State: Minriesnte
<br />Tax Parcel#: 35-32-25-31-0037
<br />The purpose is constructing, operating and maintaining, repairing its advertising sign structures and equipment, together with the customary
<br />utilities including, but not limited to, the electrical utilities described in Section VII below. The easement area for the location of and access to
<br />the sign structures and equipment is pictorially represented on the attached Exhibit "A." Lessor, it's successors and assigns, further agree that
<br />they will not disturb, injure, molest or in any manner interfere with the advertising structures and equipment, including utilities, over and upon
<br />the above described premises and Lessor expressly warrants and states no buildings, trees, shrubs or other obstacles of any kind shall be
<br />placed or located upon the above described premises so as to interfere in any manner with the construction, operation, maintenance or repair
<br />of said advertising sign, structures and equipment including utilities or customary appurtenances provided that Lessee, at its own expense,
<br />shall refill any excavation it makes, and level the ground thereafter, leaving the easement area in as good condition as it was prior to the time
<br />of constructing said advertising structure and equipment and customary appurtenances has begun. Lessee further maintains the right to
<br />remove brush, trees or obstructions impairing the full view of the sign(s).
<br />SECTION VII:
<br />ACCESS, ELECTRIC POWER, INSURANCE, MAINTENANCE
<br />Lessor guarantees to Lessee free access to and use of any part of any ground or structure on said premises as may be necessary for Lessee to
<br />hang scaffolds, or construct, post, paint, illuminate, repair or remove its advertisements and structures. Lessee may equip the signs with
<br />electric wires and other equipment necessary or incidental to operation and maintenance of the sign and Lessor agrees to grant to Lessee such
<br />easements and other rights of access and use as are reasonably necessary to install and repair any such electrical wires or equipment provided
<br />that such wires and equipment shall not interfere with Lessor's quiet enjoyment of the demised premise. Lessee shall supply and pay the
<br />charges for all electric power for the sign. Lessee will cover all maintenance costs of the digital billboard and will cover this sign location under
<br />its existing general liability and property damage insurance policy.
<br />SECTION VIII:
<br />LESSEE'S OPTION TO TERMINATE
<br />If at any time (a) the signs or structures of the Lessee on the demised premises shall be or become entirely or partially obscured or destroyed;
<br />or (b) the said premises shall be or become unsafe for the maintenance of the Lessee structures thereon, or unable to support such structures;
<br />or (c) the value of said location for advertising purposes shall be or become diminished; or (d) there be a permanent diversion of traffic from
<br />the street or streets adjacent to, or leading to or past, the said premises, or a change in the direction of traffic on such street or streets; or (e)
<br />the Lessee be unable to obtain from authorities having jurisdiction any necessary permit for the erection or maintenance of such sign or signs
<br />(of special or standard size, design and construction) as the Lessee may desire to construct or maintain for the purpose of its business; or (f)
<br />the lessee be prevented by any present or future law or ordinance, or by the authorities having jurisdiction, from construction or maintaining
<br />an said premise such signs (of special or standard size, design and construction), as the Lessee may so desire to construct, use or maintain
<br />them and in such event, at the option of the Lessee, this Lease shall terminate on fifteen (15) days' notice in writing to the Lessor, by
<br />registered mail addressed to him at his address shown below, or such other addresses as the Lessor may here after in writing specify. If for
<br />any reason prior to the renewal date of this contract the Lease is terminated outside the forces of the Lessee, or if at the end of the term of this
<br />Lease the Lessee does not renew, the Lessee shall have the right to remove the structure, concrete, footings or pads and has the obligation to
<br />repair the grounds at grade level to their original condition. Lessee maintains the ability, authority and right to remove any structure, signage
<br />or components upon the end or termination of this Lease but not the obligation if the termination is a result of an action by Lessor. Upon the
<br />end of or termination of this Lease, Lessee shall have 60 days to remove any structure, signage, concrete, footings or pads during the months
<br />of May through October and 90 days after October 30 to remove during the months of November through April due to cold weather conditions.
<br />SECTION IX:
<br />CONTRACT
<br />Payments for this contract shall commence 60 days after the date that the digital billboard is live. This Contract shall be construed and
<br />enforced in accordance with the laws of the state of Minnesota without regard to principles of conflicts of laws. The parties agree that
<br />jurisdiction; rule of law, venue and the interpretation of this Lease agreement shall be pursuant to the state of Minnesota. Shall any disputes
<br />arise, it is agreed that the state of Minnesota shall hold jurisdictional governing law and any actions taken will be done so through the
<br />Minnesota judicial system.
<br />SECTION X:
<br />LESSOR'S WARRANTIES
<br />The Lessor represents and warrants that Rom (Lessor Representative)
<br />the Meatier (Title of Representative) o the prern sea a ove described and has authority to make this Lease
<br />and covenants. Lessor also warrants that he will not permit any adjoining premises, owned, or controlled by Lessor, to be used for
<br />advertising purposes or permit Lessee's signs to be obstructed.
<br />SECTION XI:
<br />OBLIGATION; BINDING ON SUCCESSORS
<br />It is expressly understood that neither the Lessor nor the Lessee is bound by any stipulations, representations, or agreements not
<br />printed or written in the Lease. This Lease shall Inure to the benefit of and he binding upon the personal representative, successors
<br />and assigns of the parties hereto.
<br />SECTION XII:
<br />LESSEE'S RIGHT TO ASSIGN
<br />Lessee hereby reserves the right, and said right, is granted to Lessee to sell, assign and set over all of the Lessee's rights, title and
<br />Interest In this Lease to any financially responsible assignee upon the express and written assumption by the assignee of all the
<br />obligations of the Lessee herein named and upon such assumption, Lessee shall be fully discharged from any and all obligations under
<br />this Instrument. Lessee retains the ability and right to assign a security Interest in this Lease to a secured party.
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