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SECTION XIII: <br />The parties agree to execute a Memorandum of Lease setting forth basic terms of the Lease In order to give notice of record of the <br />existence of the Lease. The Memorandum of Lease will not contain the flnanciai terms of the Lease. Both parties agree to execute the <br />Memorandum of Lease which will be recorded by Lessee. Lessor agrees not to record the Outdoor Sign Lease. <br />MEMORANDUM OF LEASE <br />SECTION XIV: <br />This contract is contingent upon permit approval from city, state and any other governing body that may regulate signage, digital <br />signage, or billboard signage. This contract and any memorandums will be deemed null and void in the event a permit Is not granted <br />by any of the aforementioned permitting authorities. <br />CONTINGENCY <br />SECTION XV: <br />Lessee and its successors and assigns shall have the exclusive right to Install and operate any advertising or billboard sign upon the <br />Property. Lessor shall not allow or permit any other advertising sign, billboard sign or other sign upon the Property, except for the <br />existing signage or on -premise signage for any subsequent tenant or occupant operating upon the Property. Any new signage will not <br />encumber or obstruct the Lessee's billboard sign. Lessee and Its successors and assigns shall have the right to enforce by any <br />proceeding at law or in equity the exclusivity restriction Imposed by this Lease. <br />EXCLUSIVITY <br />