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ARTICLE 3. Improvements 3.1. Funding. PROJECT shall use best efforts to actively raise funds for the purpose of completing all repair and restoration work necessary to open and operate the Grand Theater. CITY shall support and cooperate in all such efforts to raise and otherwise secure funding for restoration, maintenance, and operations of the Theater, including assisting with and supporting the acquisition of local Hotel Occupancy Tax revenues, grant funds, and other sources where applicable and available. 3.2. Reconstruction/restoration. a.) PROJECT shall undertake all reasonable measures to perform all work required to return the Grand Theater to its historically accurate look and function. b) CITY shall have the right to review and approve all plans for design and reconstruction/restoration work by PROJECT prior to commencement of said work. c) PROJECT shall comply with all state statutes and city ordinances pertaining to the construction, maintenance, use, and operation of leased facilities, including any required interior sprinklering of the facility as required by fire or other building codes and the acquisition and compliance with all permits. CITY shall waive all permit fees associated with all aspects of reconstruction and restoration of the Theater. d) PROJECT shall fully comply with any and all statutes pertaining to asbestos or other hazardous materials or Substances as may be required by state or federal regulations. e) PROJECT shall comply fully with all city signage ordinance requirements. I) CITY shall assist where feasible with utilities construction that may be required for reconstruction and restoration of the Grand Theater. g) PROJECT shall have the right, at its option and sole expense (subject only to the express restrictions set forth in this LEASE) to develop, alter, add to, reconstruct, reconfigure, or remodel any and all portions of the Leased Premises and to enhance improvements at the Theater for any lawful purposes, as long as such development does not materially interfere with the development or use of the Theater for its intended purpose. 3.3. Qjjer4tion and maintenance. a) PROJECT shall use best efforts to operate, support, fund, staff, and otherwise maintain an active Theater industry within the City of Paris consistent with the highest practicable standards. b) PROJECT shall have sole responsibility for all costs associated with the maintenance, upkeep, operation, and repair of the Grand Theater of the Leased Premises, including all capital 4