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(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 Lessee's Lease should be made because of a default <br />by the Lessee. At least ten (10) days written notice shall be given of <br />any such meeting, and the Lessee shall be given full opportunity to <br />show why his Lease should not be terminated. <br />(b) If a majority of the stockholders of Lessor, present and voting at <br />such meeting, determines that Lessee is in default under this Lease <br />and that the same should be terminated, the Lessee shall have one <br />hundred twenty (120) days within which to remove his <br />improvements on said premises; and, if he fails to remove the same <br />within such 120 days, the Lessor and the Lessee shall join in a <br />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 Lessee to Lessor; <br />SECOND any remaining proceeds, subject to the rights of mortgagees, shall be <br />paid to the Lessee. 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 Lessee and his personal <br />representatives, successors, devisees, legatees, heirs -at -law, and assigns. <br />STATE OF NEBRASKA, COUNTY OF HALL ) ss. <br />The foregoing instrument was acknowledged before me this ITS day of February, <br />2014, by William P. Jeffries, president of Kuester Lake, Inc., a Nebraska corporation, on behalf of <br />the corporation. <br />GENERAL NOTARY - State of Nebraska <br />LORI J. READY <br />My Comm. Exp. Feb. 11, 2015 <br />y <br />STATE OF NEBRASKA, COUNTY OF HALL) ss. <br />GENERAL NOTARY - State of Nebraska <br />RONALD S. DEPUE <br />My Comm. Exp. Sept. 26, 2015 <br />KUESTER LAKE, INC. <br />William P. Jeffries, Its mid <br />LESSOR <br />Michael A. Kraft <br />J z(Gt - c lferodAr <br />Notary Public <br />The foregoing instrument was acknowledged before me this <br />by Michael A. Kraft, Lessee. <br />Notary Public <br />LESSEE <br />201803583 <br />(0 day offebruary, 2014, <br />