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<br />them and will deliver same to LESSOR at the expiration or termination of this Lease in as good
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<br />condition as when completed, usual wear and tear alone excepted; and LESSEES will, upon the
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<br />expiration of this Lease, peaceably yield up to LESSOR all and singular the premises and all
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<br />future erections, additions or repairs to or upon same, in good repair, including but not limited
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<br />to hangar buildings, storage buildings, permanent installation of equipment and fixtures, and
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<br />fences.
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<br />10. That all improvements made upon the said premises by LESSEES, or at their instance
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<br />or request, shall at once become the property of LESSOR and shall be surrendered to LESSOR
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<br />at the termination or expiration of this Lease.
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<br />11. That it shall be lawful for LESSOR's Airport Manager to enter upon and into the
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<br />leased premises, and every part thereof, at all times for the purpose of inspecting and examining
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<br />the condition thereof.
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<br />12. That LESSEES, with the consent of LESSOR in writing, first had and obtained,
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<br />have the right to assign this Lease or sublet any part of the leased premises, with such assignee
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<br />having all rights, privileges and obligations contained in this Lease.
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<br />13. That LESSEES agree to indemnify, save, keep and hold harmless LESSOR from
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<br />and against any and all demands, debts, liabilities, suits, claims and causes of action of every kind
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<br />and character whatsoever for damage or injuries to persons and/or property occurring on the
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<br />leased premises resulting from LESSEES', their invitees', agents', servants', or employees' use,
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<br />"
<br />and LESSOR !hall not be liable to LESSEES, their invitees, agents, servants, employees, or
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<br />visitors due to the improvements located thereon, or ~ereafter constructed, or any other condition
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<br />of the premises being improperly constructed, maintained, or being or becoming out of repair;
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<br />LESSEES hereby waive any defects therein and agree to hold and save LESSOR harmless from
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<br />all claims for any such damages or injuries, and LESSEES must, at all times during the term of
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<br />this Lease, and any extensions hereof, keep and maintain, in full force and effect, a policy or
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<br />policies of insurance, providing at least $250,000.00 per person and $500,000.00 for any single
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<br />occurrence for bodily injury or death and $100,000.00 for any single occurrence for injury to or
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<br />destruction of property, indemnifying all persons for any and all damages, personal injuries or
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<br />property damages sustained in or upon the premises of said leased property, or any part thereof,
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<br />Lease Agreement - page 4
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