Specialty License Agreement - No Cost use of 1234 Eddy Street for Police Department - KRG Eddy Steets Commons, LLC

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DocuSign Envelope ID: 43241 F26-3162-4B34-B85A-651 EF35CC8A3 4 REALTY GROUP GENERAL "f'ERMAS AND CONDITIONS: 1. Clse of"Licensed Area. The Licensee Use will be subject to the absolute and unconditional review and approval of Licensor throughout the Term, which is to commence on the date of execution of this Agreement, renewable every year, for a period of five (5) years. Any deviation of Licensee Use at any time during the Term will require prior written approval of the Licensor. Further, any deviation from the Licensee Use without prior written consent of the Licensor, will constitute a violation of the terms of this License Agreement. 2. '[intentionally Omitted. 3, littentionally Omitted. 4. Intentionaltv Omitted,. 5. Condition of Licensed Area. Licensee agrees to take the Licensed Area as -is at the commencement of the Term. By taking possession of the Licensed Area, Licensee shall be deemed to have: (a) inspected the Licensed Area; (b) accepted the Licensed Area "as is" with no representation or warranty by Licensor as to the condition of the Licensed Area, or their suitability for Licensee's proposed operation; and (c) agreed that Licensor has no obligation to improve or repair the Licensed Area unless said obligation is specifically set forth in this Agreement. Licensee shall, at all times during the Term, maintain, at its sole cost and expense, the Licensed Area in good and tenantable condition. Licensee's obligation to repair and maintain the Licensed Area shall include, without limitation, maintaining items such as: floor coverings, ceiling (other than structural ceilings). In addition to all other remedies of Licensor under this Agreement, if. (i) Licensee does not fully perform its obligation to maintain the Licensed Area as set forth herein; or (ii) Licensor, in the exercise of its sole discretion, determines that emergency repairs are necessary; or (iii) repairs or replacements of any portion of the Licensed Area, or the Center, are made necessary by any act, omission or negligence of Licensee or its agents, employees, or permitted assignees, then in any such event, Licensor may make such repairs without liability to Licensee for any loss or damage that may occur to Licensee, its merchandise, fixtures, or other property or to Licensee's business. Licensee shall not make any alterations, additions or improvements to the Licensed Area without the prior written consent of Licensor and all alterations, additions or improvements made by Licensor shall become the property of Licensor and shall remain upon and be surrendered with the Licensed Area at the expiration of the Term. Notwithstanding the foregoing, if Licensor shall direct Licensee to remove any alterations, additions or improvements at the end of the Term, Licensee shall remove the items so designated by Licensor at the end of the Term and promptly repair any damage caused thereby. 6. Covenants of Licensee. Licensee covenants to comply, at its sole cost and expense, with the following terms and conditions: A. Licensee shall at all times maintain the Licensed Area in good, clean and safe condition and, upon the expiration of the Term, shall return the Licensed Area to Licensor in broom -clean condition and restored to the condition existing on the date Licensee took possession, normal wear and tear accepted.