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ARTICLE VIII—FEES Owner shall pay Manager as compensation for the management services rendered hereunder fees at the rate and amounts specified in Section 1.6. Such Fees shall be payable within ten(10)days following Owner's receipt of invoice from Manager. ARTICLE IX-TERMINATION This Agreement may be terminated prior to the expiration of the initial term or of any renewal term,as the case may be.on the following terms and conditions,it being understood and agreed,however,that termination shall relieve neither Owner nor Manager from liabilities or claims accruing and arising up to and including the date of termination; (a) Owner shall have the right to terminate this Agreement in the event that Manager fails to keep,observe or perform any covenant,agreement,term or provision of this Agreement,to be kept,observed,or performed by Manager,and such failure continues for a period of thirty(30)days after written notice thereof by Owner to Manager. (b) In the event that the Property is leased or sold to a party which is not affiliated with Owner,Owner shall have the right to terminate this Agreement as it,applies to the Property so sold with thirty(30)days' prior written notice to Manager. (c) Owner shall have the right to terminate this Agreement if a petition for bankruptcy, reorganization or rearrangement is filed under any federal or state bankruptcy or insolvency laws by Manager.or if any such petition is filed against Manager and not removed or discharged within sixty(60)days thereafter. (d) Manager shall have the right to terminate this Agreement in the event Owner fails to keep observe or perform any covenant,agreement,term or provision of this Agreement to be kept observed,or performed by Owner and such failure continues for a period of thirty(30)days after written notice thereof by Manager to Owner,or if Owner materially fails to comply with any law,regulation or ordinance relating to or affecting Owner's ownership of the Property. (e) If any building on the Property is destroyed and Owner,for any reason,elects not to rebuild the building.then this Agreement shall terminate as to such building as of the date of notice to Manager that Owner has elected not to rebuild the building after such destruction. (f) In the event there is a condemnation of all or any substantial part of any Property, then this Agreement shall automatically terminate as to such Property as of the date of such taking. ARTICLE X-MISCELLANEOUS 10.1 Status of Manager. It is the intention of the parties to create a relationship wherein Manager is an independent contractor in the management,operation and maintenance of the Property. Nothing herein contained shall be construed as creating the relationship of employer-employee or establishing any partnership or joint venture arrangement between Owner and Manager. Page 6 of 10