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201601836 <br />(a) A special meeting of all stockholders of Lessor shall be called by <br />the Board of Directors of Lessor, and written notice of such meeting <br />and its purposes be given all such stockholders. Such meeting <br />shall be called for the purpose of determining by majority vote of the <br />stockholders of Lessor, present and voting, as to whether or not <br />termination of Lessees' Lease should be made because of a default <br />by the Lessees. At least ten (10) days written notice shall be given <br />of any such meeting, and the Lessees shall be given full opportunity <br />to show why their Lease should not be terminated. <br />(b) If a majority of the stockholders of Lessor, present and voting at <br />such meeting, determines that Lessees are in default under this <br />Lease and that the same should be terminated, the Lessees shall <br />have one hundred twenty (120) days within which to remove their <br />improvements on said premises; and, if they fail to remove the <br />same within such 120 days, the Lessor and the Lessees shall join in <br />a public auction of the improvements remaining upon said leased <br />premises, and the net proceeds from any such sale shall be applied <br />as follows: <br />FIRST in the payment of any unpaid rents or other amounts owing <br />by Lessees to Lessor; <br />SECOND any remaining proceeds, subject to the rights of mortgagees, shall be <br />paid to the Lessees. The Lessor agrees to give a new Lease to a suitable <br />purchaser at such public auction. <br />THIS LEASE AGREEMENT shall bind the Lessor and the Lessees and their personal <br />representatives, successors, devisees, legatees, heirs -at -law, and assigns. <br />KUESTER LAKE, INC. <br />By <br />K Patrick, Its President <br />Roge <br />. Boltz <br />QQL d e 6,.1 <br />Carol L. Boltz <br />LESSOR <br />LESSEES <br />STATE OF NEBRASKA, COUNTY OF HALL ) ss. <br />The foregoing instrument was acknowledged before me this /'j/ day of July, 2015, by <br />Ken Patrick, president of Kuester Lake, Inc., a Nebraska corporation, on behalf of the corporation. <br />GENERAL NOTARY - State of Nebraska <br />DUANE A. BURNS <br />My Comm. Exp. March 28, 2016 <br />Notary Public <br />STATE OF NEBRASKA, COUNTY OF HALL) ss. <br />The foregoing instrument was acknowledged before me this 30 day of July, 2015, by <br />Roger H. Boltz and Carol L. Boltz, Lessees. <br />Gt3t8tAt. NOTARY LORI - State of Nebraeka <br />J. READY <br />My Comm. Exp. February 11, 2019 <br />3 <br />