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The annual rent shall be an amount, each year, equal to the result of dividing the total number of residential lessee - stockholder lots into that year's anticipated net budget needs of the Lessor. 201804635 The computation of the annual rent shall be done by the Lessor, but shall be uniform among all lessee - stockholders of Kuester Lake, Inc. In any event the annual rent of the Lessees shall not exceed One Hundred Dollars ($100.00) unless a majority of all lessee- stockholders of Kuester Lake, Inc. (one vote for each share), present and voting at a special meeting called for that purpose, shall approve the same. 6. Access. The Lessees shall have access from the leased premises onto the Lessor's roads and shall also have the right to use the lake for boating, swimming, and fishing. These access rights are in common with the other leaseholders at Kuester Lake. 6a. Prior Leases. This Lease replaces and supersedes any prior Lease for said premises which the Lessees or their predecessors in title may have held. 7. Determination of Boundaries. The Lessor shall have the right, on a reasonable basis, to determine the boundaries between the Lessees and their neighbors if the Lessees and their neighbors cannot agree to such boundary line. The lake front boundary of the leased premises shall be to the water line as the same may exist from time to time with changes in the water level of the lake. The boundary line of the leased premises abutting the Lessor's common roads shall be reasonably determined by the Lessor. 8. Peaceful Possession. As long as Lessees conform with the requirements binding upon them in this Lease Agreement, the Lessees shall enjoy peaceful possession of the leased premises. 9. Improvements. The Lessees shall keep the leased premises in a neat and clean condition at all times and shall keep all improvements on the leased premises in a good condition of repair. 10. Abandonment. The Lessees agree not to abandon the leased premises. 11. Access for Installing Utility Lines. The Lessor reserves the right to come upon the leased premises for installation of underground or above -ground utility lines and the making of necessary repairs or improvements to or abutting the leased premises. The Lessor agrees to restore the premises to substantially the same condition as they were before any such installation and at the Lessor's expense. 12. Rules and Regulations. The Lessees agree to comply with the rules and regulations as prepared and furnished by the Lessor to the Lessees, from time to time. Such rules and regulations shall contain restrictions and limitations, for the mutual benefit of all Lessees at Kuester Lake, pertaining to the use by the several Lessees at Kuester Lake of the lake itself, common roads, and the leased premises. It is understood that the basic use of the leased premises shall be for residential purposes, but the Lessor may permit, from time to time, commercial activities on the leased premises. Any such rules, regulations and permits are subject to change by the Lessor, excepting that the basic purpose of the leased premises as residential shall not be abridged. Any changes in the rules and regulations must be approved by a majority of the leaseholders present and voting at a meeting called for such purpose of which written notice has been given to all leaseholders (one vote per Lease). 13. Occupancy and Use. Only dwellings intended for occupancy by one family may be constructed upon the leased premises and occupancy by more than one family in any such dwelling shall not be permitted. In no event shall the leased premises be utilized for any commercial or business enterprise. For the purposes of the restricted occupancy herein permitted, a "family" shall be defined as persons related by blood, marriage or adoption, and any persons residing in a committed familial relationship to each other, even if not related by blood or adoption, together with any children in any way related by blood or adoption to either of the persons residing in a committed familial relationship. 14. Termination of Lease by Default of Lessees. If the Lessees fail, after ninety (90) days prior written notice from the Lessor, to remedy any default in their compliance with any of the obligations binding upon him or her under this Lease Agreement, or under the Rules and Regulations furnished him or her by the Lessor, the Lessor may, at its option, terminate this Lease and retake possession of the leased premises but only after the following procedure has been complied with: (a) A special meeting of all stockholders of Lessor shall be called by the Board of Directors of Lessor, and written notice of such meeting and its purposes be given all such stockholders. Such meeting shall be called for the purpose of determining by majority vote of the stockholders of Lessor, present and voting, as to whether or not termination of Lessees' Lease should be made because of a default by the Lessees. At least ten (10) days written notice shall be given of any such meeting, and the Lessees shall be 2