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10/02/2817 14:19 3086352721 202208220 HILLARD COMPANIES PAGE 02/85 5. Ownership` All equipment and materials placed upon the leased real estate by LESSEE shall remain the property of LESSEE and may be removed by it at any time prior to or within a reasonable time after the expiration of the final term of this Lease. LESSEE shall have the right to make any necessary applications with, and obtain • permits frons, governmental lames for the mon arid maintenance of LESSEE'S advertising structure, at the sole discretion of LESSEE. All permits shall be and remain the property of LESSEE. LESSOR warrants and represents that he is the owner of the leased real estate and has the right to grant LESSEE free access to the real estate. LESSOR further warrants that he has terminated all current leases on the real estate with regard to outdoor advertising and that LESSEE shall have the sole right to construct and maintain an outdoor advertising structure on the real estate. In the event LESSOR fails to terminate any existing lease for outdoor Wising on the real estate, the LESSOR must immediately refund the signing bonus paid according to paragraph 3 to LESSEE and this Lease shall terminate. 6. Insurance and Indemnification: LESSEE agrees to obtain and keep in force a policy of public liability insur'rce for the protection of LESEE and LESSOR against liability arising out of the use of the leased real estate and the improvements placed thereon by LESSEE_ LESSEE agrees to indemnify and hold LESSOR harmless from all claims of injury and damages to LESSOR or third parties caused by the installation and maintenance of the outdoor advertising structure or displays on the outdoor advertising structure on the teased real estate. 7. Termination: During the term of this Lease, should the use of the leased real estate for the purposes permitted by this Lease be prohibited, limited or restricted by the terms of any restriction, covet, regulation, ordinance or zoning resolution affecting the real estate, and in LESSEE'S opinion the location becomes economically or otherwise undesirable, LESSEE may, at its option, terminate this Lease by giving • LESSOR thirty (30) days written notice of its election to do so. In addition, either party may terminate this Lease upon breach by the other party if the breach has not been remedied with fifteen (15) days of written notice being mailed to the breaching party. 8. Eminent Domain: If the leased property, or any part of the leased property, is taken by eminent domain, this Lease shall terminate, at the.option of LESSEE. • 2