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I:EA -5E,
<br />LEASE dated as "of December 3U, ,1960 ;;between LEASED STATIOrrs,
<br />Irrc., a Delaware. corporation ( "Lessor "),`:having a ;principal. place
<br />of business "at 129 South State;, Street; 'Dover,' Delaware; and'TExnco
<br />INC'. a Delaware` corporatioii a ( "Lessee ") ",,;having its:..prmcipal office'
<br />and place of business a t 135 EA4 42nd"Street; New =York 17, New York.
<br />1. Leased Property: Term' 'of Lease. upon] and subject - to the
<br />conditions, and, limitat'ion's.• hereinafter- set forth, Lessor,. leases, to
<br />Lessee, and Lessee rents, the.:following property .(hereinafter some-
<br />times collectively, called'.the' "Leased Property'.')
<br />(a) the lands: described in `Schedule A hereto
<br />(b) all , buildings," and; "improvements; ; includ "ing
<br />"structures
<br />underground <tanks and spectacular" signs" (but excluding pumps;
<br />hoists, "air compressors,'lghts and other- siigns) now: or hereafter
<br />located on such lands anI all.appurtenanees thereto 'and"
<br />(c) all rights -of :way; or use, servitudes, licenses, easements,
<br />tenements, hereditaments And-'appurtenances ilrelongmg :or _ apper-
<br />taining to "any o£ the foregoing;` "
<br />together with the rights,, of the landlord ,under ejasUhg leases` of the"
<br />lands described in Schedule A,ncluding rents reserved thereunder, biit
<br />subject, however, as stated in Schedule A, to the matters herein speci ="
<br />fled; for -a term com�iie "racing on December 30;: 1960, and expiring at
<br />"e
<br />midnight on December, 31,1990; "unless this Lease shall sooner terminat
<br />as hereinafter provided.
<br />2. Basic 'Rent.. Lessee will pay, "to Le`s "sor', on "June 29, 1961'A d
<br />on `each succeeding December 30 and June ';29 during the .term of this
<br />Lease to and including December 30, ,1990, over. and above the other
<br />f
<br />provid;
<br />additional` paymentsl, to be made; Lessee as }eremafter de
<br />a ;net semi - annual basic. xental of the amount`; set`' °forth opposite
<br />such d" "ate in Schedule B: •hereto `Such`inet basic rental is"" herein'
<br />after sometimes `.caltie &the "Basic Rent" :"The Be xc Rent, ox :amounts
<br />equal thereto, the Service Rent hereinafter 'defined and all' adds'
<br />t`iorial rent hereznder;'shall `be absolutely` z�et to'Lessor (butj sub"
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