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<br />GROqNDS SUBLEASE AGREEMENT <br /> <br />SUBLESSOR: <br /> <br />RED RIVER VALLEY <br />FAIR ASSOCIATION, INC. <br /> <br />SUBLESSEE: PARIS RODEO <br />AND HORSE CLUB <br /> <br />Table of Contents <br /> <br />Preamble--Parties.................................. . <br />DEMISE AND DESCRIPTION OF PROPERTY <br />ARTICLE 1. TERM <br />#1.01. Term of Sublease....... ..... ...... ...... <br />#1.02. Option to Extend Term. .......... ........ <br />#1.03. Holdover................................ <br />ARTICLE 2. RENT <br />#2.01. Consideration........................... <br />#2.02. Gross Receipts Defined.................. <br />#2.03. Statement of Gross Receipts.......... ... <br />#2.04. Books and Records of Sublessee.......... <br />ARTICLE 3. USE OF PREMISES <br />#3.01. Primary Purpose...... . . . . . . . . . . . . . . . . . . . <br />#3.02. Illegal Use Not Permitted............... <br />#3.03. Water and Nuisance. . . . . . . . . . . . . . . . . . . . . . <br />ARTICLE 4. UTILITIES <br />ARTICLE 5. REPAIRS, MAINTENANCE, AND RESTORATION <br />#5.01. Lessee's Duty to Maintain and Repair. ... <br />#5.02. Damage and Destruction........ .... ...... <br />ARTICLE 6. MECHANICS' LIENS <br />ARTICLE 7. INSURANCE AND INDEMNIFICATION <br />#7.01. Insurance on Buildings & Improvements... <br />#7.02. Liability Insurance. .................... <br />#7.03. Construction Liability Insurance........ <br />#7.04. Certificate of Insurance....... ... ...... <br />#7.05. Indemnification of Sublessor............ <br />ARTICLE 8. TAXES <br />#8.01. Payment by Sublessee.. ............ ...... <br />#8.02. Payment by Sublessor................. ... <br />ARTICLE 9. CONSTRUCTION BY SUBLESSEE <br />#9.01. Ownership of Buildings, Improvements, <br />and Fixtures.. . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />#9.02. Right to Remove Improvements...... ....... <br />#9.03. Removal Restrictions.... .............. ... <br />ARTICLE 10. SUBLEASE <br />#10.01. Subletting by Sublessee.............. ... <br />ARTICLE 11. DEFAULT AND REMEDIES <br />#11.01. Termination on Default............... ... <br />#11.02. Waiver of Breach...... ............ ..... <br />#11.03. Possession after Default............... <br />ARTICLE 12. SPECIAL PROVISIONS <br />#12.01. Possession of Subleased Premises <br /> <br />by Sublessor. , . . . . . . . . . . . . . . . . . . . . . . . . . <br />#12.02. Advertisement Prohibition......... ..... <br />#12.03. Use of Additional Premises by <br /> <br />Sublessee. . . . . . . . . . . . . . . . . , . . . . , . . . . . . . <br /> <br />~XHIBIT A <br /> <br />Page <br />1 <br />1 <br />1 <br />1 <br />2 <br />2 <br /> <br />2 <br />3 <br />3 <br />4 <br /> <br />4 <br />4 <br />5 <br />5 <br />5 <br />5 <br />5 <br />6 <br />6 <br />6 <br />6 <br />7 <br />7 <br />7 <br />8 <br />8 <br />8 <br />8 <br /> <br />8 <br />9 <br />9 <br />9 <br />9 <br />9 <br />9 <br />10 <br />10 <br />10 <br /> <br />10 <br />11 <br /> <br />11 <br />