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<br />.' ., <br /> <br />. <br /> <br />e <br /> <br />e <br /> <br />-10- <br /> <br />mQE'<I !os'hnclUS upon perfoX'mance of any of ~~ tSlrm13 or CDndi tioftall <br />of this leas0 shall not be construed me a ~aiver or ~$l!nquish~ <br />mGnt of the ~u~ure perfomanca of any such iiu:m or condi~iono <br />XVIII 0 <br /> <br />. <br /> <br />=-- <br /> <br />Upon t.he t<aJ:1D.1na~:l.on of this leas611 and any ~tsns10DlEI <br />~herGof undG~ the options he~e1n ~premsly provided (whicb ter- <br />mination is not by reason of failure on t.hG par~ of thaa LESSEE <br />to perfom any of the t.s.ms, Q9reementll" conditions amd covca... <br />nanta tmpoSGd by this lease), it is Ubders~QOd and mgxe~d be- <br />tween th~ p~~1$s tbat th01r rightsq as to any per.manen~ improwG~ <br />mGnta erected on the f1eld by LESSEE, shall bE;} as folloW'fi8 <br />Any pe~anen~ improvements erec~ed on tha lsQs~d pgS- <br />miseo by LESSU shall pe the property of LESSEBo It is fUJl:'\thcn: <br />Qgreed tb&t LESSOR shall baVe a .fira~ option to purch&8~ sald <br />impm-ovGmutm frOill LBSSEBo For tbe purposs of arrivit4g &~ the <br />valuE;} of such improvemen'ts for s$lepUX'poses, LESSO ana LESSOR <br />shall aach sE:llecttan a:lc'bi~rl1 and such two ubiterSl sll1all se1.G!ct <br />Q third; and such thr$8 arbiters shall agree upon a purohase- <br />19&18 priQ$ fer $i\Ld improvements 0 If LESSOR d.oes not ue1t'ciea <br />its option to pU~Gha8e said ~provemen~sQ LESSEE shall ha~e th~ <br />.' x:1Cjht t08&118a14 improv€lmentSl to otbw pall:''ties 0 Any ISXpenm<a21 <br /> <br />incident to the conduc~ of such arb!~rat1on shall bG bcgn~ <br />equally by LESSEE and ~SSOR. <br /> <br />X:IXo <br /> <br />. <br /> <br />LESSOR covenants that LESSOR bas good right ana 1&,,- <br />ful authority to execuue this Lease, that throughou~ th~ ter:m <br />hereof LBSSEB shall have, hold ahd enjoy peaceful ana unin~errmp~ed <br />poSs8s810n of all of ~he Premis~s and Airport riqhts he~ein and <br />hcn:eby leased ancl 9'%'an~edg subject always t.o 'the paymellli; of thIS <br />rent and ~e performance of 'th.e, coVElneni;S" as herein pX'cvided <br />'to be paid and perfom$d by LESSEEo <br />