5.A1 Operations & Management Agreement

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Agreement, Manager shall arrange for the making or installing, at Owner's expense and in the name of Owner, of such alterations, repairs, modifications, or replacements of furnishings or equipment at the Golf Course, as Manager and Owner deem reasonably necessary. Manager shall not, however, make any changes or modifications to either the general layout of the Golf Course or any of the buildings, structures, or fixtures located at the Golf Course without express and explicit prior written consent of Owner. 10.3 Structural and System Maintenance. Manager shall be responsible for contracting for or performing maintenance of all structural components of the Golf Course and all heating, ventilating, air conditioning, plumbing and electrical systems, in accordance with the Annual Plan and Budget. 10.4 Operation of Heating and Air Conditioning Systems. Manager shall train appropriate staff to regulate the heating and air conditioning systems properly. Manager shall be responsible for contracting for or performing maintenance on the heating and electrical systems in accordance with the Annual Plan and Budget. 10.5 Site Maintenance. In addition to the Course maintenance, Manager shall be responsible for all maintenance of the remainder of the grounds and landscaping at the Golf Course, with Owner responsible for expenses associated with same, as provided in the Annual Plan and Budget. 10.6 Capital Expenditures. Owner agrees to expend such budgeted amounts for capital items as shall be required, and as are otherwise available for such purpose, in Owner's sole discretion, in the ordinary course of operation of the Golf Course in order to allow for the operation of the Golf Course in accordance with Owner's recommended standards. Manager shall make recommendations to Owner regarding the expenditure of funds budget for capital items and, if requested by Owner, supervise the installation of such capital items. CF('TTfIN 11 11TTT TTTFC 11.1 Water and Sewage Service. The Owner shall provide hook up to the Golf Course for all water and sewage service required for the operation of the Golf Course during the term of this Management Agreement. 11.2 Utilities. The Owner shall provide hook up for the Golf Course for all electrical and gas service required for the operation of the Golf Course during the term of this Management Agreement. 11.3 Light Bulb Replacement. The Manager shall be responsible for all light bulb replacement at the Golf Course during the term of this Management Agreement, at Owner's expense. -20-